June 20, 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:

Firm That Raised Pay In New York Spreads The Love Nationwide Firm Kicks Off The Weekend With Raises San Antonio To $462K! These Partners Desperately Don’t Want Us To Know They Aren’t Raising Salaries Boston-Based Law Firm Raises Salaries For All Offices Firm With Big Profits Per Partner Shares The Riches — In Certain Cities…. The Biglaw Giant That Has Not Yet Raised Associate Compensation Andrews Kurth Jumps on Salary Bandwagon Another Top-Tier Firm Raises Salaries Another Magic Circle Firm Pulls Money Out Of A Hat MoneyLaw could be the new Magic Circle Salary wars: Allen & Overy latest to pay $180,000 to New York juniors Big Money For Most Offices… Smaller Money For One
(DBN)

Clients start speaking out against the 'Cravath effect'
(DBN)

An Expensive Law Degree, and No Place to Use It 6 factual errors and several misleading statements in recent New York Times story by Noam Scheiber These two Valparaiso law grads exemplify challenges of difficult legal job market Vivisection Of A Dying Law School End game New York Times takes another shot at law schools and puts up an air ball The Law School Trap Some evidence that big firm law jobs have not "dried up" for top law school graduates New York Times Chronicles Human Cost of Law School Get ready for more stories about jobless law school graduates As Law Grads Seethe With 'Atavistic Rage' At Their Financial Plight, Many Law Schools Confront Stark Choice: Continue To Admit Marginal Students, Or Shut Down
(DBN)

ABA Grants Full Accreditation To 200th Law School: Belmont
(DBN)

Managing Clients Is An Essential Part Of The Job
(DBN)

Disruption? More Like Incremental Change for Big Law
(DBN)

Stanford Hosts the Legal Industry’s Bernie Sanders
(DBN)

Two indicted in Markel slaying State Attorney Expects More Indictments; Girlfriend Of Ex-Brother-in-Law Denies Ex-Wife's Family's Involvement
(DBN)

Global 200: the NY-Lon formula
(DBN)

Don’t Just Shame Firms Based On Profits Per Partner — Consider Leverage
(DBN)

How To Make Your Lateral Move Whole
(DBN)

RNC, Cleveland, OH - Jones Day will close office downtown
(DBN)

Attorney Survival: Finding Resilience When Experiencing A Workplace Conflict Or Setback
(DBN)

Why free lawyers shouldn’t come cheap
(DBN)

7 ways to network effectively without being annoying
(DBN)

When Lawyers Go Undercover For The Feds
(DBN)

Don’t Judge Lawsuit Funders by Peter Thiel
(DBN)

Florida state prosecutor suspended after smearing Orlando: ‘melting pot of miscreants and thugs’
(DBN)

Eleven Signs You Work For A Weak Manager
(DBN)

FBI Was Right Not to Arrest Mateen Before Orlando Gunman Was Always Screwed Up Mateen Family: American Dream? Maybe Gunman's Wife Couldn't Grasp Things
(DBN)

Judge upholds school suspension of boy who chewed pastry into gun shape
(DBN)

Jury recommends life sentence for lawyer in home-invasion attack; victimized partner makes statement A Law Firm Partner Relives A ‘Horrifically Cruel Ordeal’
(DBN)

A Big Law Partner Fends Off Murder Charges in a Small Town
(DBN)

Poll: Majority Wants an Assault Weapons Ban General McChrystal: Weapons of War Don't Belong on US Streets
(DBN)

How O.J. Simpson paid for the 'Dream Team' of lawyers on his murder trial
(DBN)

Citigroup Sues AT&T For Saying ‘Thanks’ To Customers
(DBN)

______________

Judges:

Divided Supreme Court Lurches to Term’s End
(DBN)

Trump's 'Mexican' label of judge evokes history of racial slur
(DBN)

Prosecutor challenges judge to carry through on her contempt threat, is ordered into custody
(DBN)

Trump and His Jurist Sister: A Study in Contrasts
(DBN)

Wanna Work At The Supreme Court? Brush Up On Your Woodworking Skills
(DBN)

______________

Wall Street:

Dow set for 200-pt gain as polls show a swing away from Brexit
(DBN)

Stocks close lower; Dow posts worst week in a month
(DBN)

What’s the Buzz at Goldman Sachs?
(DBN)

______________

Layoffs:

Boston investment firm Grantham Mayo lays off 10% of workforce
(DBN)

Unum planning to outsource 300-400 jobs
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Environmental:

Maxus Energy Files for Bankruptcy Protection First Day Dec First Day Dec (2) First Day Dec (3)
(DBN)

____________

Politics:

Clinton to Target Trump’s Business Record ‘Could a Trump victory hurt the economy?’ and other tough questions coming Janet Yellen’s way Gundlach: Donald Trump will be the next president and things will get 'scary' Lawyer: Trump's Business Acumen Won't Translate into Oval Donald Trump is a disrupter—exactly what we need to fix the economy Trump reportedly didn't pay income taxes for two years during the early 90s Republicans Consider ‘Conscientious Objector’ Rule for Convention Delegates Trump Calls Efforts to Unbind RNC Delegates ‘Illegal’ The Plot to Stop Donald Trump This Is How the GOP Could Dump Trump Trump's Hands Are Weapons of War Donald Trump says US should consider profiling Muslims Donald Trump used 9/11 funds program to net $150G payday WSJ /NBC Poll Finds Age, Gender Gaps in Views of Donald Trump Maybe Trump Doesn't Want to be President Ryan: We'll Sue Trump if He Bans Muslims Trump Gives Clinton Her Cause
(DBN)

Ryan Leaves Door Open for GOP Convention Revolt
(DBN)

Elizabeth Warren Visits Hillary Clinton’s Brooklyn HQ Elizabeth Warren keeps up verbal assault on Donald Trump What Warren did, and didn’t, say to Rachel Maddow
(DBN)

Bernie Sanders Is Still an ‘Active Candidate’ for President, Aide Says Sanders Supporters Seek Ways to Keep ‘Bernie’ Movement Alive Still-running Sanders urges refocus: work with Clinton to defeat Trump Bernie Sanders Loses Convention Leverage Walking Away from Bernie Sanders
(DBN)

Wall Street is divided on the 2016 election
(DBN)

____________

Coal:

Coal isn't dying because there's a war on it
(DBN)

Peabody gets court approval for employee bonus plan
(DBN)

Is Donald Trump Trying To Sell Us The Brooklyn Bridge? Coal Miners Want To Know
(DBN)

____________

Personal Finance:

Seven Signs You're Not Getting The Job
(DBN)

____________

Retailing:

Here's what it's like to work for a bankrupt retailer
(DBN)

Sports Authority's Mile High naming-rights gambit
(DBN)

____________

Accounting:

One of the most important life lessons a partner at a 'Big 4' accounting firm teaches his team is bigger than work
(DBN)

____________

Pensions:

Federal report warns of looming pension insolvency
(DBN)

Pension Crisis Climaxes in Mississippi After Hospitals Don’t Pay
(DBN)

____________

Autos:

Volkswagen to Phase Out More Than 40 Models
(DBN)

VW to Settle for $10Bn, Figure Out Fix Later
(DBN)

____________


Economy:

Don’t Look Now, But There Are Signs Inflation Is Picking Up
(DBN)

Everything we thought we knew about the Fed just changed
(DBN)

The jobs picture is getting even worse, Philly Fed says
(DBN)

Why the Great Recession Hit So Hard
(DBN)

‘Bond King’ Jeffrey Gundlach Says the Fed Has Given Up On Forecasting A Rate Hike
(DBN)

Scrooge-like spending habits of business underlie Fed worries about economy
(DBN)

BLS: Unemployment Rates stable in 41 states in May
(DBN)

The U.S. Economy Is in Great Shape (Compared with Its Peers)
(DBN)

Drop in corporate profits could signal a recession
(DBN)

US economy just 'doesn't want to grow up:' BofA's Contopoulos
(DBN)

Why one man thinks the US government should pay citizens $1,000 a month
(DBN)

10 Key Facts About the US Economy
(DBN)

How Much it Takes to be in the 1% by State
(DBN)

California's jobless rate dips to 5.2 percent, 9 year low
(DBN)

US Debt Clock
(DBN

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

Housing Starts decreased to 1.164 Million Annual Rate in May U.S. Housing Starts Fell 0.3%; Supply Seen Tightening
(DBN)

Comments on May Housing Starts
(DBN)

Distressed sales will hit pre-crisis levels in 2018
(DBN)

Justice Department Drops Civil Fraud Case Against Countrywide’s Angelo Mozilo
(DBN)

HSBC pays $1.6 billion to end 14-year mortgage-lending lawsuit
(DBN)

He built a $24 million mansion along the Potomac. Then he lost it to foreclosure
(DBN)

Condo project in Richmond's West End enters Chapter 11 bankruptcy
(DBN)

Tiber enters Chapter 11
(DBN)

____________

Municipalities:

Congress Helped to Make Puerto Rico’s Mess
(DBN)

Senate Rushed To Pass Bi-Partisan Puerto Rico Legislation
(DBN)

Puerto Rico's mess: No US bailout for bad borrowing (and lending)
(DBN)

Puerto Rico Debt Crisis: Trying to Reconcile Sanchez-Valle with the Puerto Rico Bankruptcy SCOTUS Opinions: Some Preliminary Thoughts
(DBN)

Could bankruptcy change the flow of Flint water?
(DBN)

MI lawmakers narrowly pass partisan Detroit schools rescue package
(DBN)

Wall Street vulture hedge funds like Elliot Management made billions off Argentina's debt crisis—bankrupt Puerto Rico may be next
(DBN)

San Bernardino : Last creditor objects in bankruptcy case
(DBN)

Hartford seeks fiscal solutions outside bankruptcy
(DBN)

____________

Oil/Gas:

Sabine – A New York Bankruptcy Judge’s Interpretation of Texas Property Law Encourages Compromise and Leaves an Industry in Limbo
(DBN)

Oil prices are down, but law firms cope by diversifying
(DBN)

US shale producers confound Opec and eye new chapter as oil returns to $50 With Oil Price Near $50, Resilient US Shale Producers Eye New Chapter
(DBN)

‘Undertow’ could drag oil back below $40 a barrel Crude Headed For Largest Weekly Fall In Over Two Months
(DBN)

Time Is Running Out For Some Eagle Ford Service Companies
(DBN)

Record Breaking Production Drop In North Dakota
(DBN)

Difficult conversations with bankers are "tough but not without hope"
(DBN)

Why Banks Are Tightening Credit Lines for Oil Drillers
(DBN)

Here's what electric cars will do to US gas demand
(DBN)

Horizontal Rig Counts Increased Slightly Again Texas adds 13 drilling rigs as oil prices improve Oil Fears Mount As Rig Count Rises For A Third Straight Week
(DBN)

Oil Bust Leaves States With Massive Well Cleanup The worst oil bust since the 1980s is forcing states to get creative
(DBN)

Is The End In Sight For Alaska’s Oil Based Economy?
(DBN)

Tx. High Court: No Tax Refunds to Drillers
(DBN)

____________

Entertainment:

SFX Could Boot Sillerman as Part of New Restructuring Plan
(DBN)

SFX Puts The Brakes On Restructuring Agreement SFX Entertainment, Inc. Pursues Consensual Plan of Reorganization Noteholder Group-Supported Restructuring Support Agreement Terminated
(DBN)

____________

Distressed Investing:

Lynn Tilton and Patriarch Win Minor Victory
(DBN)

____________

Alternative Energy:

Renewable Energy Yieldcos May Not Be As Safe As You Think
(DBN)

____________

Hedge Funds:

Wall Street has been rocked by an $8 billion hedge fund's implosion
(DBN)

____________

Hotels:

NY Just Says 'No' To Airbnb It's About To Be Illegal To Advertise Entire Apartments On Airbnb
(DBN)

____________

Education:

The Victims of For-Profit Education Are Creating a Debtors’ Movement
(DBN)

University Of Wyoming Declares Financial 'Crisis', Hopes To Avoid Financial 'Exigency' And Termination Of Tenured Faculty
(DBN)

____________

Religion:

Catholic Church Uses Mafia-Like Tactics on Law
(DBN)

____________

Student Debt:

Students must demonstrate 'undue hardship' to have their loans forgiven — and it could be causing a bubble
(DBN)

____________

Electricity:

Energy Future Holdings’ TCEH Nets Disclosure Statement OK
(DBN)

____________

Religion:

With Sacred Heart lawsuit, questions over whether parishes are liable
(DBN)

____________

Debt Collection:

9th Cir. Holds Discovery Rule Applies in All Types of FDCPA Cases
(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 (42 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (14 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:

Bankruptcies, foreclosures up in areas where gas, coal employees lost jobs
(DBN)

______________

Miscellaneous:

The Week Ahead
(DBN)

____________

Bankruptcy Alternatives:

Out-of-court restructuring alternatives
(DBN)

____________

Bankruptcy Remoteness:

Delaware Bankruptcy Court Invalidates on Public Policy Grounds a "Golden Share" Provision in LLC Agreement Designed to Limit LLC's Ability to File for Bankruptcy
(DBN)

____________

Jurisdiction:

Sixth Circuit Joins the Split on Whether Bankruptcy Courts Are ‘Courts of the U.S.’
(DBN)

____________

Aviation:

Bankruptcy court approves amended Republic Airways and United Airlines Agreement
(DBN)

____________

Gambling:

Revel owner balks at getting casino license
(DBN)

Caesars Entertainment's Survival May Depend on Billionaire Dropping Bankruptcy Fight
(DBN)

____________

Media:

Jalopnik May Be Sold as Part of Gawker Bankruptcy Deal
(DBN)

Ziff Davis Serious About Buying Gawker Properties According to CEO
(DBN)

____________

Shipping:

The Right to Countersecurity from a Debtor in Bankruptcy
(DBN)

Seaspan Rejects Hanjin's Proposal on Charter Rate
(DBN)

____________

Banking:

Don't Believe the Fed's Stress Tests
(DBN)

____________

Celebs:

Teresa Giudice agrees to settle with creditors but other camp says not so fast
(DBN)

____________

UK:

Insolvency profession facing bigger challenges Brexit
(DBN)

‘Brexit’ could send shock waves across U.S. and global economy
(DBN)

Magic Circle rush to Ireland ahead of Brexit vote
(DBN)

BP's Dudley Says Brexit Would Plunge World Into Uncertainty
(DBN)

Wilbur Ross Says Brexit Would Spark Most Expensive Divorce Ever
(DBN)

Debt Risk Drops in Europe as Remain Regains Lead in Brexit Polls
(DBN)

Would Brexit even be legal?
(DBN)

What Is 'Brexit'? A Look at the Debate and Its Wider Meaning
(DBN)

‘Big Bang’ to Brexit: The City of London Fears End to Golden Age
(DBN)

Brexit Could End London’s Reign as Europe’s Financial Hub
(DBN)

Brexit? What Brexit? Europeans Wake Up to Possibility of U.K. Departure
(DBN)

European bank shares lead gains as Brexit worries recede
(DBN)

ICYMI . . . EU Referendum
(DBN)

Brexit debate thrown into limbo after death of U.K. lawmaker Jo Cox
(DBN)

Brexit could be 'the end of the euro,' Fidelity's Timmer says
(DBN)

Brexit could cause big banks to lay off thousands: Analysts
(DBN)

US companies and sectors that are most exposed to a Brexit
(DBN)

Men and women go bankrupt for different reasons
(DBN)

____________

PIIGS:

The Anglo trail: Where did the money go?
(DBN)

____________

Canada:

Builder bankruptcy reveals warranty shortcomings
(DBN)

Alberta coal town Grande Cache may no longer be a town
(DBN)

Essar Steel Algoma agrees sale of assets to KPS Capital Partners
(DBN)

Alberta looking at different ways of making sure companies clean up old wells
(DBN)

____________

Brazil:

Rio de Janeiro is close to bankruptcy Rio de Janeiro Declares Financial ‘State of Public Calamity’ Ahead of Olympics
(DBN)

A Laggard in Brazil Oil Frenzy Is Now a Favorite in the Bust
(DBN)

Oi Slumps as Talks Stall on $14.5 Billion Debt Restructuring
(DBN)

____________

China:

China's debt 'sugar high' could lead to a crash
(DBN)

China's Playing Hot Potato With Its Non Performing Loans
(DBN)

SouthGobi Misses Deferred Obligation Payments to China’s CIC
(DBN)

HSBC: Chinese bad loans are spiking
(DBN)

____________

Denmark:

EU Bank Resolution Plan Ignored in Denmark After Bail-In Trauma
(DBN)

Banks Face Bigger Penalties in Denmark After Nordea Failures
(DBN)

____________

Mexico:

ICA Turns to Martinez’s Fintech After Record Mexico Default
(DBN)

____________

Germany:

German Federal Court Ruling Important for Future Contractual Netting Arrangements
(DBN)

____________

India:

Here's what will add bite to new bankruptcy law
(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