June 17, 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:

Law Firms With High Profits Per Partner Continue To Embarrass Themselves By Not Raising Compensation Crowell & Moring Matches — Wait, What In The Holy Hell Is Going On Here? California-Based Biglaw Firm Matches Cravath In Most Offices Biglaw Firm Finally Joins The MoneyLaw Club, Raising Associate Salaries One Firm Decides To Pump The Brakes On This Whole ‘Raise’ Thing Another Global Firm Matches By Region, Which Top 10 Vault-Ranked Firms Have Not Raised Salaries For Associates? Another Associate Pay Raise — From The Largest Firm Yet To Hike Salaries A Top Texas Firm Matches In All U.S. Offices
(DBN)

Corporate Clients Push Back After Law Firms Hike Starting Salaries Why raise associate pay to $180,000? Bank of America’s top lawyer questions the need Some Clients Are Super Pissed About Associate Raises Will Associate Salary Raises Be Billed to Clients?
(DBN)

Shaw Fishman Launches Delaware Office
(DBN)

Greenberg Traurig Adds Another Bankruptcy Partner In Texas
(DBN)

The A++, Guaranteed to Go Smoothly and Make You Look Like You Do This All the Time, Timeline and Checklist to Prepare to Take a Deposition
(DBN)

Today’s Tech: How A Litigation Attorney Uses An iPad
(DBN)

State of the Legal Industry
(DBN)

Who Will Take the Reins At McDermott?
(DBN)

Magic circle firms fail the New York bench strength test, Global 200 reveals
(DBN)

Deloitte Legal: “We want to be the law firm of the future”
(DBN)

These 5 Facts Explain How the Orlando Shooting Has Polarized the U.S.
(DBN)

This 13-year-old tried to buy p---, lottery tickets, and a gun. Guess which one he got
(DBN)

One Gun Store Owner Refused Mateen The Orlando shooter's classmates speak: 'We joked that he'd become a terrorist. And then he did'
(DBN)

Bondi denies impropriety in Trump donation, slams AP story
(DBN)

Pennsylvania Guv Orders Removal Of Confederate Flag From Capitol Display
(DBN)

Ex-Dentons partner says firm deliberately induced epileptic fits
(DBN)

Chemist May Have Tainted 24,000 Court Cases
(DBN)

Lawyer is suspended for accessing and deleting some law firm emails after firing
(DBN)

______________

Judges:

The Stanford Case's Judicial Fallout
(DBN)

Judge who accused prosecutor of ‘lie from the pit of hell’ agrees to reprimand and apology
(DBN)

From GCs with Love: A Letter for Chief Judge Merrick Garland Top Lawyers at 44 Companies Urge U.S. Senate to Consider Garland
(DBN)

______________

Wall Street:

U.S. stocks set for choppy day with Brexit battle in limbo
(DBN)

Stocks Close Higher After Recovering From Early Decline
(DBN)

Goldman Sachs Will No Longer Tolerate Filthy Talk On Company Emails
(DBN)

______________

Layoffs:

 

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Defaults:

Corporate default picture gets no help from vulnerable oil bounce
(DBN)

____________

Gambling:

Strike looms at Atlantic City casinos Thousands of Atlantic City casino workers vote to authorize strike starting July 1
(DBN)

____________

Media:

Gawker Bankruptcy Judge Orders Hogan Lawyers To Stand Down, Sets Stage For July Battle
(DBN)

____________

Retailing:

Sears' obsession with shareholder value has destroyed it
(DBN)

Langermann's in Canton again files for bankruptcy protection
(DBN)

Apple can't save Best Buy now
(DBN)

____________

Bankruptcy Crimes:

Sesser Man Pleads Guilty To Bankruptcy Fraud
(DBN)

____________

Student Debt:

Did government reverse position on qualifications for public service loan-forgiveness program?
(DBN)

____________


Economy:

Wary Fed Rethinks Pace of Hikes
(DBN)

Consumer Prices Excluding Food, Fuel Rise as U.S. Rents Up
(DBN)

Jobless claims rise 13K, but still at low levels
(DBN)

Millennials Outperforming Older Generations in Retirement Readiness
(DBN)

John Taylor: Negative rates have dire consequences Negative Interest Rates Scare Most Citi: Negative interest rates are 'experimental procedures' that are 'utterly misguided'
(DBN)

The number of people on food stamps is at a 5-year low
(DBN)

World Economy Flashes Hint of 1937-38 Redux, Says Morgan Stanley
(DBN)

The 15 States Where Income Growth Went Only to the Rich
(DBN)

Manufacturing jobs return to US during election year – but not quite like before
(DBN)

OECD: Recovery Didn't Benefit Everyone
(DBN)

US Debt Clock
(DBN

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

FHFA watchdog blasts lax oversight of rising Fannie Mae headquarters construction costs
(DBN)

$1 million will buy you 700 square feet in LA — but less than 300 in New York
(DBN)

Why there’s a new kind of housing crisis
(DBN)

Rent rose at the fastest pace in more than 9 years in May
(DBN)

The ‘toxic sludge’ of the investing world is back
(DBN)

____________

Municipalities:

Puerto Rico debt crisis: PROMESA will prevent "economic cardiac arrest"
(DBN)

History Not A Guide For Possible Chicago Public Schools Bankruptcy
(DBN)

San Bernardino moves toward bankruptcy exit
(DBN)

____________

Oil/Gas:

Bankruptcy Judge Sides With Sabine Again Over Contracts
(DBN)

Texas banks face increasing risks from low oil prices: Dallas Fed
(DBN)

Oil futures drop to 5-week lows on Brexit worries
(DBN)

Increase In U.S. Rig Count Will Not Cap Oil Prices
(DBN)

Oil’s losing streak continues
(DBN)

The Rhyming Cycles Of Oil And Capital
(DBN)

Job cuts could subside by 4th quarter. But there’s a big ‘if.’
(DBN)

$1 trillion on upstream projects cut through 2020, WoodMac says
(DBN)

Dakota Oil Output: Biggest Fall in History
(DBN)

Key Energy Cut to CC on Proposed Restructuring, Likely Ch.11Fiiling
(DBN)

Judge In Energy XXI Bankruptcy Case Determines That Shareholders Have The Right To An Equity Committee
(DBN)

Suncor Energy Inc offers to buy $1.5 billion of notes in bid to cut debt
(DBN)

Pioneer Maps Out Oil's Path
(DBN)

____________

Coal:

Peabody Energy bankruptcy filings reveal a company hostile to land, workers, truth
(DBN)

Illinois coal ’s last stand
(DBN)

Don’t Look Now But Beaten-Down Coal May Be Heating Up
(DBN)

____________

Politics:

Trump to GOP: Be Quiet or I'll Lead Alone Republican Leaders Cower as Trump Burns Down Their Party A Judge Just Called Trump In To Testify About Racist Comments The 42 Times Trump Has Said Something That Could Have Sunk Another Candidate What Donald Trump can actually do on immigration FBI to Trump: You’re wrong about Muslims not reporting extremist threats
(DBN)

Bernie Sanders Not Being Vetted as Hillary Clinton’s Running Mate Hillary Clinton is reportedly targeting Elizabeth Warren — not Bernie Sanders — as a potential running mate
(DBN)

Why You'll See Clinton's Wall Street Speeches Soon
(DBN)

____________

Software:

Former Thinkstream executive's home to be auctioned at sheriff's sale
(DBN)

____________

Shipping:

Hanjin Shipping Suffers Setback as Seaspan Opposes Fee Cut
(DBN)

____________

Electricity:

Energy Future Bankruptcy Split Plan Clears First Court Hurdle
(DBN)

____________

Fraud:

Trump Lawyers Urge Judge to Keep Videos Secret in Fraud Suit Donald Trump Digs Heels In Over Deposition Videos
(DBN)

____________

 


New Bankruptcy Opinions
(1 new opinion today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (12 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (85 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 Statistics:

Energy Industry Sets the Pace for Increased Bankruptcies
(DBN)

______________

Appeals:

Not So Fast: Sixth Circuit Dismisses Appeal of Bankruptcy Court Order Denying Approval of Proposed Settlement Agreement For Lack of Jurisdiction
(DBN)

____________

Mediation:

A Suggestion: Shut-Off-The-Spigot Plus Mandatory-Mediation (the Nortel Networks Bankruptcy, Part Four)
(DBN)

____________

TBTF:

MetLife Judge Called Profoundly Mistaken on Too-Big-To-Fail
(DBN)

____________

Bankruptcy Remoteness:

Delaware Bankruptcy Court Refuses to Dismiss Chapter 11 Case Despite Existence of Secured Lender’s “Golden Share” in Debtor’s Delaware LLC Agreement: Could Bankruptcy-Remote Structures Be at Risk?
(DBN)

____________

Cross-Border:

Recognition of Foreign Insolvency Proceedings under Chapter 15 of the Bankruptcy Code
(DBN)

____________

Insurance:

Health care advocates and a U.S. senator are raising concerns that nearly 22,000 Ohioans could end up paying much more for health care after the state took over their struggling insurer
(DBN)

____________

Education:

Former for-profit college students score a rare win that could have a big impact
(DBN)

Obama Administration Floats Plan to Crack Down on Shaky Colleges
(DBN)

____________

Fraud:

Bernard Madoff Investors to Receive Another Payout
(DBN)

____________

Distressed Investing:

Tilton, Patriarch Win Fight Over TransCare Probe
(DBN)

____________

Sovereigns:

Small print on Venezuelan debt will pique Wall Street’s interest
(DBN)

____________

UK:

Global Investors Wake Up to Brexit Threat New Brexit Polls: Leave has surged to big leads in hugely important surveys Global Central Banks Sound Brexit Alarm as 'Leave' Jitters Grow Europe’s Largest Banks Slump to Record on Brexit Concerns Why the Brits should vote to leave the European Union
(DBN)

Sir Phillip Green comes out swinging against Olswang
(DBN)

____________

PIIGS:

Greece’s Aid Payment Approved, Ending Standoff With Euro Area Greece Gains Fresh Loans From Eurozone Fund
(DBN)

____________

Canada:

City can't collect taxes from bankrupt steel mill, may be forced to borrow
(DBN)

____________

India:

Rolta India bondholders band form group to negotiate restructuring after default
(DBN)

____________

China:

Bankers Wanted. Turnaround Skills Needed, Chinese a Plus
(DBN)

____________

Russia:

Lender that bankrolls Putin in dire straits Putin's Once-Mighty Bank for Pet Projects Now on Chopping Block
(DBN)

____________

Australia:

Arrium trial set for September
(DBN)

Liquidator KPMG reveals BBY deficit blowout
(DBN)

____________

Venezuela:

Venezuela Says Oil at $50 Enough to Avoid PDVSA Default
(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