June 10, 2016

The Daily Bankruptcy News

View prior editions: Click Here
View prior case summaries: Click Here
Search prior headlines: Click Here
Search prior case summaries: Click Here

Format For Mobile Device



Law:

What Firms Miss The ‘MoneyLaw’ Cut? Branch Office Raises Push Texas Firm To Match $180K More Firms Jump on Cravath Pay Scale, as S&C Beats Top End At Least This Biglaw Firm Isn’t Saying ‘No’ To Associate Raises…. Powerhouse Compensation Leader Raises Salaries For All U.S. Associates Litigation Boutiques Are Making Moves To The $180K Scale Another Day, Another Biglaw Salary Bump Top Boutiques Continue To Match Cravath International Firm Brings Its U.S. Associates Up To The New Market Biggest Firm Yet Matches Cravath Pay Scale! Earth’s Highest-Grossing Law Firm Increases Associate Salaries Worldwide SmallLaw To $180K? US outfits Kirkland & Ellis and Milbank Tweed boost London NQ pay packets to a staggering £124,000 Boom! Kirkland brings New York salaries to London Latham & Watkins London office latest to up NQ pay to £124k as US pay war rocks UK That $180K Payday Is Spreading On The West Coast Prestigious West Coast Firm Announces Salary Raises A Member Of The $160K-Plus Club Raises Associate Salaries Nationwide Putting Salaries In Historical Perspective
(DBN)

Paul Weiss Chair Warns About Challenges for Legal Profession
(DBN)

McGlinchey Stafford Adds Bankruptcy Partner In NY
(DBN)

Reinventing The Law Business: A Potential Impediment to Growth, Culture, And Client Development
(DBN)

Bankruptcy Trustee's Claims Against Thompson Coburn Survive
(DBN)

Applicants at these law schools were most likely to accept admission offers
(DBN)

Supreme Court Throws Out Death Sentence Over Judge Who Had Prosecuted Case
(DBN)

Game, Set, Match — In This Biglaw Firm’s Major Offices
(DBN)

Tips on Overcoming That Dirty Feeling About Networking
(DBN)

Law firm bookkeeper got job despite prior criminal record, is now convicted in new $100K theft
(DBN)

Supreme Court rules federal judges have inherent power to recall discharged jurors to correct error
(DBN)

Quinn Emanuel leader launches Museum of Broken Relationships in Los Angeles
(DBN)

Donald Trump, Professor Tushnet and the Incredible Disappearing Rule of Law
(DBN)

The Murder Of Dan Markel: Wendi Adelson Speaks (Part 3) Dan Markel's Law Prof Colleagues Finger Ex-Wife's Family In Murder-For-Hire Killing
(DBN)

Two Williams & Connolly Tax Lawyers Ordered To Testify In Client’s Tax Evasion Case Under Crime Fraud Exception To Attorney-Client Privilege
(DBN)

Man exits news conference about his lawsuit over police shooting, is arrested for murder
(DBN)

Prosecutors Won't Fight Brock Turner's Six-Month Sentence Turner's Hometown: Kids Not Taught "No"
(DBN)

Ex-NFL star Aaron Hernandez taps Casey Anthony lawyer and Harvard prof as new murder case counsel
(DBN)

My 8 Favorite Mobile Apps for Paperless Depositions The Best Apps For Productivity
(DBN)

Dylann Roof Wants to Waive Trial
(DBN)

OK: Cops Can Seize Your Money on Debit Card
(DBN)

Federal Court: No Right to Concealed Carry
(DBN)

______________

Judges:

Judge fines lawyer $4k for late courthouse arrival, unmoved by claim of bad cellphone reception
(DBN)

Potential Jurors Boycott Judge Aaron Perksy
(DBN)

Bar Groups Blast Trump's Remarks About Judge
(DBN)

______________

Wall Street:

Futures lower as investors await China data, Fed meeting
(DBN)

Stocks close off lows but Dow, S&P still snap 3-day win streak
(DBN)

______________

Layoffs:

UBS Will Cut Recruitment of New U.S. Brokers by 40%
(DBN)

Republic Airways will shut down KC office, lays off staff
(DBN)

DST lays off 150, closes Baltimore office
(DBN)

The Oklahoman prepares for 130 layoffs
(DBN)

Daimler set to layoff 1,200 workers due to sluggish truck orders
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Gambling:

Bankrupt Caesars Unit's Adviser Warns of Ticking Clock
(DBN)

____________

Coal:

Alpha shareholders felt 'duped' by bankruptcy , DOJ emails show
(DBN)

WV DEP Reaches Agreement in Principle With Alpha Natural Resources
(DBN)

Will Big Coal Pay to Clean Up Its Messes?
(DBN)

____________

Politics:

Hillary Clinton Hits Donald Trump on Economics Can the Democratic Party Heal Its Divisions? Why the US is so far behind in electing a woman head of state White House: FBI Probe of Clinton's Emails a Criminal Investigation
(DBN)

Elizabeth Warren Picks Her Side Elizabeth Warren Endorses Hillary Clinton, Suggests Openness to VP Role Warren Endorses Clinton, Saying She’ll ‘Get Into This Fight’
(DBN)

President Obama endorses Hillary Clinton for president
(DBN)

After meeting with Obama, it sounds like Bernie Sanders is preparing for defeat
(DBN)

Hundreds allege Donald Trump doesn’t pay his bills Donald Trump’s Business Plan Left a Trail of Unpaid Bills Trump's Long History of Stiffing Workers 'Dump Trump' won't happen. But GOP elite could still hurt him. There Is No Trump Campaign The Trump Nobody Knows Trump Fact Check: "Crime is rising." Hillary’s Wall Street War Chest Is Making Trump Say The Damndest Things Five Reasons Decent People May Want to Back Trump Republicans See Trump as a Racist They Can Work With
(DBN)

Paul Weiss Chair on Trump: “I’m Not a Big Fan”
(DBN)

Economists Know Who's the Next President
(DBN)

One American Political Party Works
(DBN)

____________


Economy:

Americans’ Total Wealth Hits Record, According to Federal Reserve Report
(DBN)

A Hiring Decline in April Points to Broader Labor Market Woes
(DBN)

Adam Smith: The Problem with Inequality
(DBN)

Credit card debt could hit $1 trillion by the end of 2016
(DBN)

Consumer Credit Rises Less Than Expected
(DBN)

Four Risks That Could Push the U.S. Economy Into Recession
(DBN)

Wholesalers build inventories in April as sales rise
(DBN)

Barack Obama, Inequality Fighter
(DBN)

Want to kick-start growth? Forget QE and ban big takeovers
(DBN)

Restrictions on Payday Loans Hurt the Poor
(DBN)

The Working Class Won’t Be Majority White for Much Longer
(DBN)

US Debt Clock
(DBN

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

Housing crisis has led to breakdown of the social order, author says
(DBN)

Trulia: Rents go down, still too high
(DBN)

Mortgage rates fall following dismal jobs report, Freddie Mac says
(DBN)

Billionaire Upgrades To $270 Million House Because The $49 Million One Felt Cramped
(DBN)

Shiller: Owning a Home a Horrible Investment
(DBN)

____________

Municipalities:

Puerto Rico debt relief bill clears U.S. House hurdle White House supports House Puerto Rico debt legislation - statement Senate up Next
(DBN)

The Supreme Court's Constitutional Diss of Puerto Rico Puerto Rico isn’t a separate sovereign for double jeopardy purposes, SCOTUS rules
(DBN)

Most Americans Don’t Know the Citizenship of Puerto Ricans
(DBN)

Puerto Rico’s Bonds Rally as House Nears Passage of Rescue Plan
(DBN)

Michigan bailout saves Detroit schools from bankruptcy How Snyder got the DPS deal done Snyder prepared for bankruptcy before DPS deal Bankruptcy for DPS threatens cascading risks
(DBN)

Atlantic City fights to avoid bankruptcy
(DBN)

N.J. Supreme Court hands Christie big win on pensions
(DBN)

Kentucky, home to the worst-funded pension plan in the US
(DBN)

____________

Oil/Gas:

$50 oil won’t make US frackers turn on the tap: Expert
(DBN)

Oil Rally Under Pressure As Shale Production, Active Rigs, Gasoline, And Distillates Jump
(DBN)

Russia isn’t counting on continued oil rally
(DBN)

Oil production in May faced most disruptions since 2011
(DBN)

Oil at $50: Time to drill, baby, drill?
(DBN)

Shale King Hamm Fracking Unfinished Oil Wells After Rally to $50
(DBN)

Oil's Battle Royale
(DBN)

Norseman Offshore files bankruptcy petition against Viking Supply Ships
(DBN)

Are Low Crude Oil Prices Finally Hurting Saudi Arabia? Saudi Arabia To Tax Foreign Residents
(DBN)

Appetite for destruction? Energy investors swap debt for equity
(DBN)

Natural gas glut to continue through decade, IEA says
(DBN)

UK: Oil Sector Has Lost 120,000 Jobs
(DBN)

____________

Lehman:

Lehman Brothers to Pay Another $2.8 Billion to Creditors
(DBN)

____________

Fraud:

Case of Startup CEO Charged with Fraud Gets Curiouser
(DBN)

____________

Alternative Energy:

SunEdison wins court approval for $1.3 billion loan
(DBN)

Board shakeups last year haunt bankrupt SunEdison
(DBN)

____________

Education:

The Absolute Best, Most Terrific Reporting on Trump University
(DBN)

The Obama Administration Could Cause the Next Big For-Profit College Collapse
(DBN)

____________

Software:

Avaya to Meet Creditors as It Wrangles $6 Billion Debt Load
(DBN)

____________

Mass Torts:

Federal Bankruptcy Judge Says No Excess Coverage in New York Until Underlying Limits Exhausted Through Payment of Claims
(DBN)

____________

Mining:

Miners Cut Distressed Debt Pool by $60 Billion as Rebound Firms
(DBN)

____________

Autos:

Volkswagen Not Alone on Emissions Cheating
(DBN)

____________

Student Debt:

Lawyer Sues Student Loan Servicer Over Discharged Bar Prep Debt
(DBN)

____________

 


New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Chapter 7, 12 & 13 Private Trustee Locator
(DBN)

Recent Ch. 11 Filings (10 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (26 new filings today)
(DBN)

Bankruptcy Code - Prior BK Codes - Bankruptcy Rules
(large downloads)

UCLA-LoPucki Bankruptcy Research Database
(DBN)

Bankruptcy Jobs:

(1) (2) (3) (4) (5) (6) (7) (8)
(DBN)

Seminars - (Contact us to list your seminar)

______________

Involuntary Bankruptcy:

Keep Your Fights Out of Bankruptcy Court: Bad Faith Involuntary Petitions
(DBN)

____________

Discharge:

Supreme Court Clarifies “Actual Fraud” for Purposes of Debt Discharge
(DBN)

____________

Avoidance Actions:

Jay Peak Lawsuit Explores Fraudulent Transfer Theory
(DBN)

____________

Mediation:

Intransigence = Mediation Failures (the Nortel Networks Bankruptcy, Part Three)
(DBN)

____________

Retailing:

Restoration Hardware Earnings: Still In Flames
(DBN)

Firm hired to sell Sports Authority's Broncos stadium naming rights
(DBN)

____________

Entertainment:

Former SFX CEO Robert Sillerman Speaks Out for the First Time About His Company's Implosion: 'I Don't Begrudge Them Their Anger'
(DBN)

____________

Corporate Reform:

US House committee moves to cut funding for financial regulators
(DBN)

Whistleblower Gets $17 Million in Second-Biggest SEC Award
(DBN)

____________

Bankruptcy Crimes:

Former Monarch Mortgage executive arrested on bankruptcy fraud charge
(DBN)

____________

Fraud:

Ex-Barclays Trader Called ‘Average’ as Lawyer Seeks Separation from Other (Smarter?) Defendants
(DBN)

____________

Corporate Governance:

We Studied 38 Incidents of CEO Bad Behavior and Measured Their Consequences
(DBN)

____________

Religion:

Bankruptcy judge : Accusations that archdiocese hiding assets false
(DBN)

Catholic legislators feel church's ire over abuse bill votes
(DBN)

Debate continues over NY bill lifting statute of limitations on sex abuse crimes
(DBN)

____________

UK:

Philip Green went 'absolutely insane' and 'blocked' the sale of BHS to Mike Ashley
(DBN)

BHS collapse could leave £35m bill to taxpayers
(DBN)

Olswang stays mum as Linklaters and Nabarro disclose BHS fees Olswang refuses to reveal its fees to Parliament
(DBN)

____________

EU:

Buying Junk Shows ECB Is Getting Desperate
(DBN)

____________

PIIGS:

Greece March jobless rate little changed at 24.1%
(DBN)

____________

Canada:

Charges laid in bankruptcy fraud investigation
(DBN)

Supreme Court to hear Deloitte appeal over $118-million Livent judgment
(DBN)

Canada is really worried about a big part of its housing market
(DBN)

____________

Australia:

Legal shield for company directors gains support
(DBN)

____________

South Korea:

S. Korea shipbuilding head warns of 'tough road' after near bankruptcy
(DBN)

____________

India:

New bankruptcy code is very important for the financial sector
(DBN)

____________

Brazil:

The Undoing of a Brazil Giant, Told by Bankers Fearing the Worst
(DBN)

____________


The Daily Bankruptcy News is primarily a curated news link gathering service.   Most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subscription fee is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use. If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid service subscription. These links are currently marked with a "DBN" notation. The cost of a subscription is $63/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links.

New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase.

Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested. There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear. You do not need to type anything in the body of the email message. Note that the email asking for removal must be sent from the same email address which is on our distribution list. If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

If receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list.

Press Releases/News Tips
Please send press releases and news tips to admin@bkinformation.com

Contact Us
The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C. You can phone or text us at 281-402-3957. You can email us at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries). Our mailing address is 935 Eldridge Road, No. 350, Sugar Land, Texas 77478.

Copyright 2016