June 15, 2016

The Daily Bankruptcy News

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Law:

Another Firm Matches Cravath The Cravath Pay Raise: Challenges and Opportunities for Law Firms Litigation Powerhouse Announces Raises Salary Increases Reach Biglaw Offices In China Beyond Biglaw: What Do The Pay Raises Mean For Boutique Firms? Biglaw Firm Changes Course On Associate Compensation Profits Per Partner At Am Law 100 Firms That Have Not Raised Salaries For Associates Law Firm Fakes Out Its Associates Over Pay Raises GC and Managing Partner Weigh In on Associate Salaries Chicago-Based Biglaw Firm Ponies Up The $$$ Will These Above-Market Salary Hikes Hurt This Firm’s Bonuses? Hey, Associates: 7 Ways to Spend Your Pay Raise 'Cravath effect' makes its way to Asia Akin Gump London office latest to up NQ pay to £127k and beyond Post-Cravath $180K Bump - The Scrooge Effect Goliath Law Firm Offers Raises To U.S. Associates… But How Much Depends On The Office Another Boston-Based Firm Matches Cravath Senior Associates Get No Respect
(DBN)

9th Circuit judges say little of their thinking at hearing on unfinished law firm business clawbacks 'Unfinished Business' Doctrine Teeters in Ninth Circuit
(DBN)

Kaye Scholer, Arnold & Porter Stop Merger Talks A&P, Kaye Scholer Keep Mum After Report Declares Merger D.O.A.
(DBN)

A Peek Inside Paul, Weiss: 10 Secrets To Biglaw Success
(DBN)

2016 Diversity Scorecard: A Closer Look
(DBN)

Harvard Grad Who Flunked Bar Sues Over Loss of Big-Law Job
(DBN)

White Female Privilege
(DBN)

Top 100 UK law firms achieve fee income growth of 5.4 per cent in FY16
(DBN)

Law firm pays $1M to settle potential claims by bankrupt Newark watershed
(DBN)

What's the best way to pitch your firm to an in-house client?
(DBN)

In the Big Picture, Few Firms Since Orrick Have Started Back-Offices
(DBN)

DLA Piper Brings On Robot Lawyer
(DBN)

Duane Morris partner gets 'letter of advice' after mistaken bankruptcy court filing
(DBN)

Law school job statistics get extra scrutiny in random ABA audits
(DBN)

The 9 Coolest New Features Coming to Your iPhone One of the most annoying things about the iPhone is finally about to change Apple's new iPhone software will automatically show you where you parked
(DBN)

The Best Thing A Young Lawyer Can Do Is Learn Technology
(DBN)

LinkedIn is weird
(DBN)

More sleep may not be making you as productive as you think
(DBN)

Led Zeppelin's 'Stairway to Heaven' goes on trial
(DBN)

Jury convicts lawyer of 30 fraud counts over SSI payments to his wife, who worked at his law office
(DBN)

Lawyers Say Chris Christie Destroyed Cell Phone, Text Messages and Emails to Cover Up Involvement in Bridgegate
(DBN)

Rite Aid can’t recover from imprisoned ex-lawyer because of release in shareholder suit, judge rules
(DBN)

9th Circuit upholds sanction against ‘copyright trolling’ lawyers who sued p--- downloaders
(DBN)

High Court Finds No Federal Right to Counsel in Indian Territories
(DBN)

Prosecutor’s gun prank leads to suspension
(DBN)

Thief found guilty of stealing his own defense lawyer's phone
(DBN)

Orlando Shooter's Father Says Son Hid the Depth of His Hatred He 'became obsessed' Gunman’s Father Baffled by Son’s Act Wife Knew He Was Going to Club and Massacre the Patrons
(DBN)

Surprising Progress in Newtown Families’ Suit Against Maker of the AR-15 Rifle
(DBN)

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Judges:

Brock Turner juror tells judge 'shame on you' for short sentence; who's right?
(DBN)

Jesse Ventura's First Amendment Lesson for Judges
(DBN)

Judge Kozinski’s Dis Of A Fellow Feeder Judge
(DBN)

Prosecutor bumps Stanford sex assault judge from new case
(DBN)

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Wall Street:

 

 

Global Stocks Snap Losing Streak
(DBN)

The ‘fear index’ is making it look like the August swoon all over again
(DBN)

Investors fearing ‘summer shocks’ are hoarding the most cash since 2001
(DBN)

A rule has been broken on Wall Street, and 'any banker with a brain' is now looking for an exit
(DBN)

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Layoffs:

Zenefits to cut additional 9% of its staff, 106 jobs Here's the email Zenefits CEO David Sacks sent employees as it lays off 9%
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Coal:

Bankrupt Peabody coal hires legal icon Laurence Tribe to fight climate plan
(DBN)

With benefits at risk, coal miner union rallies in Kentucky
(DBN)

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Banking:

Bank of America CEO Says Stress Tests May Curb Lending
(DBN)

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Celebs:

Singer David Allan Coe Ordered to Pay IRS Nearly $1 Million
(DBN)

Bankrupt Former Billionaire Sam Wyly Fights to Keep his $9M Home
(DBN)

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Student Debt:

Companies Answer the Call on Student Debt
(DBN)

____________

Apparel:

Hampshire Group Lender Declines To Extend Forbearance on Defaulted Loan
(DBN)

____________

Pharma:

Are Valeant’s turnaround strategies more GE or Nortel?
(DBN)

____________


Economy:

With economic view hazy, a wait-and-see Fed message expected Investors Look for Clues on Path of Fed Interest-Rate Rises What the Fed Will and Won’t Do
(DBN)

Economic Growth Slowed in Most States Last Year
(DBN)

U.S. 10-Year Bond Falls to Near Record Low As Bund Yield Turns Negative
(DBN)

Consumers' Financial Expectations Decline Slightly
(DBN)

Credit-Card Issuers Fall as Synchrony Sees Higher Write-Offs
(DBN)

Business inventories rise modestly as sales surge
(DBN)

US Import Prices Increased at Fastest Pace Since 2012
(DBN)

Small-business sentiment ticks up for second month, NFIB says
(DBN)

Are your adult kids living at home? ‘Tiger mom’ law prof offers this contract
(DBN)

Goldman Sachs Settles Suit Over CDO That Became Crash Symbol
(DBN)

Boom States and Bust States
(DBN)

Long-term unemployment is one of the most pernicious effects of the Great Recession
(DBN)

A Lost Decade? We Should Be So Lucky
(DBN)

US Debt Clock
(DBN

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Fannie Mae: Almost no lenders plan to ease credit standards
(DBN)

April foreclosure inventory down about 25% from last year
(DBN)

These popular Manhattan micro-apartments rent for less than $2,000 a month
(DBN)

How I Helped Inflate the Housing Bubble
(DBN)

____________

Municipalities:

Senate to take up House Puerto Rico debt bill by end-June -McConnell
(DBN)

"No Way Out?," or "When Can You Be Partially a 'State'?": Supreme Court Strikes Down Puerto Rico Recovery Act as Preempted by Section 903 of the Bankruptcy Code
(DBN)

U.S. Sen. Hatch says will 'have to' back Puerto Rico debt bill
(DBN)

Puerto Rico’s Dream, Denied
(DBN)

Democratic Senators Ask for SEC Probe of Puerto Rico Debt
(DBN)

Supreme Court Affirms That Puerto Rico Is Really a U.S. Colony
(DBN)

PROMESA bill offers good first step for Puerto Rico's recovery
(DBN)

How the Puerto Rico Rescue Makes State Pensioners the Big Winner
(DBN)

Insurer Threatens to Seize City Hall After Muni Bonds Default
(DBN)

DPS member challenges state school board over DPS plan, prefers bankruptcy
(DBN)

Detroit eyes refunding of up to $660 million bonds
(DBN)

____________

Oil/Gas:

New York Bankruptcy Judge Enters Final Ruling that E&P Companies in Chapter 11 Can Get Out Of Midstream Contracts
(DBN)

All Eyes on U.S. Oil Rig Count
(DBN)

Oil Industry to Cut $1 Trillion in Spending After Price Slump Spending cut raises fears over future supply
(DBN)

$50 Oil Might Not Last to the End of 2016
(DBN)

Why Billions in Proven Shale Oil Reserves Suddenly Became Unproven
(DBN)

Oil Prices Continue to Decline, Despite IEA Report
(DBN)

Top energy analyst Rothman sees oil surging to $85 Why crude oil prices have started creeping upward again
(DBN)

Brazil Court Accepts Sete Brasil Request for Bankruptcy Protection
(DBN)

Hopes Quashed For New OPEC Oil Production Ceiling At Meeting
(DBN)

Gulf Chemical & Metallurgical Files for Bankruptcy Protection First Day Dec
(DBN)

Judge Approves Penn Virginia’s Restructuring Deal
(DBN)

Venezuela's Oil Production Tumbles as Economic Crisis Worsens
(DBN)

Cost of Clean Energy Seen Nosediving Into the Next Decade
(DBN)

Lightstream Defers Interest Payment Seeking Debt and Asset Deals
(DBN)

____________

Awards:

Berger Singerman Bankruptcy Team Receives High Marks From Chambers USA
(DBN)

____________

Politics:

How Orlando will alter the presidential race
(DBN)

Bill Maher wishes Trump a hilarious 70th birthday: ‘Go for broke — like your casinos’ After Orlando, It's Clearer Than Ever: This Election Is a Civil War Milbank: Trump exploits Orlando tragedy to smear Muslims and Obama A Victory Lap in Blood Happy birthday Donald Trump, and welcome to your 70s Donald Trump revives his bogus claim that American Muslims "cheer" terrorism One of the best election models predicts a Trump victory. Its creator doesn't believe it. Donald Trump’s idea of what “American” means is itself un-American Russians steal research on Trump in hack of U.S. Democratic Party Paul Ryan is twisting himself into a pretzel over Donald Trump's Muslim comments 'Discouraged': GOP leaders give brutal assessment of Trump's immediate reaction to Orlando attack The Presidency Isn’t a Real-Estate Deal
(DBN)

Now Peter Thiel’s Lawyer Wants to Silence Reporting on Trump’s Hair
(DBN)

Warren: Sanders ran a campaign "from the heart" Donald Trump vs. Elizabeth Warren in two tweets
(DBN)

A major poll just gave Hillary Clinton an enormous lead over Donald Trump Once Elected, She'll Sell Everyone Out Again
(DBN)

____________

Shipping:

DSME Workers Vote to Strike, Creditors Worried
(DBN)

____________

Electricity:

IRS skeptical of Energy Future Holdings tax-free spinoff proposal
(DBN)

____________

Exhibitions:

Premier Exhibitions in Chapter 11 bankruptcy
(DBN)

____________

Autos:

These Auto Firms Are on Borrowed Time
(DBN)

____________

 


New Bankruptcy Opinions
(9 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (25 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (3 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)

______________

Bankruptcy Remoteness:

Making Bankruptcy Remoteness More Remote
(DBN)

Bankruptcy Judge Refuses To Enforce Company’s Waiver of Right To Seek Bankruptcy Relief
(DBN)

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Exemptions:

Debtor Can't Use Wildcard to Exempt Cash From Homestead Sale
(DBN)

____________

Plan Confirmation:

Mediation as a Condition for Confirmation of a Disputed Chapter 11 Plan
(DBN)

____________

UCC:

The Jurisprudence of Paper Clips
(DBN)

____________

Jurisdiction:

ABA urges 9th Circuit to permit Bankruptcy Appellate Panels under All Writs Act
(DBN)

____________

Avoidance Actions:

When is Conduct Ordinary Enough to Constitute Conduct in the “Ordinary Course of Business”?
(DBN)

____________

Retailing:

Neiman Marcus Revenue, Profit Decline
(DBN)

Texas-Based Retailer Hastings Files For Bankruptcy; Looks To Sell 126 Stores Hastings in bankruptcy , stores remain open
(DBN)

US Retail Sales Rose 0.5% as Consumers Show More Confidence Retail Sales Takeaway: North of Recession, South of Strong
(DBN)

____________

Media:

Gawker Readies for Auction With Plans to Keep Founder Around
(DBN)

Bankruptcy Court Wrestles Over Whether Gawker CEO Can Hide Behind Bankruptcy Shield
(DBN)

____________

Education:

Department of Education Proposes Banning Arbitration Agreements Between Schools, Student Loan Borrowers
(DBN)

Elizabeth Warren rips for-profit colleges: “Students and taxpayers have paid the price”
(DBN)

____________

Fraud:

Hedge Fund Manager Avoids Jail Time For Fessing Up To Securities Fraud
(DBN)

____________

Golf:

Insurance company files $9.2 million lawsuit against Buena Vista over golf course
(DBN)

____________

Healthcare:

Lynn Tilton’s Firm Says TransCare Probe Is ‘Improper and Abusive’
(DBN)

____________

UK:

The transformation of UK insolvency litigation
(DBN)

Looming ‘Brexit’ Vote Rattles Global Markets
(DBN)

Capitalism needs new rules to deal with the breakdown of BHS
(DBN)

BHS: 6 key questions for Sir Philip Green
(DBN)

BHS: Sir Philip Green will give evidence to MPs
(DBN)

Retail tycoon Philip Green apologizes over BHS demise
(DBN)

____________

PIIGS:

Greece central bank chief calls for bailout overhaul
(DBN)

What if Greece got massive debt relief but no one admitted it?
(DBN)

Greek startups say Tsipras's taxes are one more reason to leave
(DBN)

Tsipras critics seek to harness Greek bailout anger
(DBN)

As Greeks Endure More Pain, They Have New Leader-in-Waiting
(DBN)

____________

Canada:

After wildfires, oil sands face economic crunch
(DBN)

Canadian police say Fort McMurray wildfire likely caused by humans
(DBN)

Bankrupt energy firms add to Alberta's abandoned well problems
(DBN)

____________

Iceland:

Iceland's selective default?
(DBN)

____________

India:

Biggest Indian Bank Says Bad-Loan Firms Hindered in Clean-Up
(DBN)

Shares of debt-laden companies rise after RBI move on bad loans
(DBN)

____________

China:

Chinese Coal Company Misses Bond Payment as Debt Woes Spread
(DBN)

____________


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