June 28, 2016

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Cravath Alternative: $150K Now… Much, Much More At Bonus Time Firm Finally Announces Raises… Some Offices Miss The Cravath Scale No, You Are Not Matching The Market: 1st Years To $180K Doesn’t Tell The Whole Story Chicago Firm Bumps Salaries In Multiple Offices Another Raise Shy Of The Cravath Scale IP Boutique Gives Raises, Because Some Money Is Better Than None Thompson & Knight Ups Associate Base Pay Biglaw’s Raise Riot: Which Firms Have Increased Salaries? Florida Firms Aren't Jumping to Match Cravath Pay Scale
(DBN)

Law firms mull pay freezes
(DBN)

Chart: The NLJ 500
(DBN)

Growth Mostly Flat Among Top-Level NLJ 500 Firms
(DBN)

Bigly Expansion & Decline: Big Law Market Share By The Numbers
(DBN)

ABA May Be Stripped Of Power To Accredit New Law Schools How Big Is It To Strip The ABA Of Its Accreditation Role?
(DBN)

The Unaccredited Law School & Their Big Law Alum
(DBN)

University Of Houston Law Center Files Lawsuit Against Unranked Law School
(DBN)

Coming and Going Concerns
(DBN)

App: Global Restructuring & Insolvency Guide
(DBN)

The most annoying thing about the iPhone isn't changing any time soon
(DBN)

Dentons Gobbles Its Way Across the Globe
(DBN)

GC Dropped Nearly $40K of Company Funds at Gentlemen’s Club, SEC Says
(DBN)

Less Mind Wandering, More Focus
(DBN)

Baker & McKenzie announces 85 partnership promotions Half of Baker & McKenzie’s new London partners are women
(DBN)

Women Lawyers Face a Steep Climb to Partner
(DBN)

Latest research on the billable hour—an “irreducible conflict” between clients and firms
(DBN)

Help for Middle-of-the Night Insomnia
(DBN)

Amid Growing Risks, Chief Litigators Feel Underfunded
(DBN)

UK law firms scramble to provide answers for Brexit questions Brexit: Winners and Losers London law firms could cut back on EU trainees in wake of Brexit vote Brexit Aftermath: First Thing We Do, Hire All the Lawyers
(DBN)

This Week In Legal Tech: Cheap PDF, Cloud DMS, Robot Editors
(DBN)

Thinking Like A Non-Lawyer
(DBN)

Lawyer facing felony home invasion charge wants DA off the case; judge who owned the house agrees
(DBN)

The Justice Department is going to require 33,000 prosecutors and agents to receive 'implicit bias' training
(DBN)

"The Law School Bust" Generates 1,346 Comments - If you spot it, you got it
(DBN)

The Futility Of The Law School Crisis Debate
(DBN)

Missouri Gov. Vetoes Huge Gun Rights Bill
(DBN)

Tx. Mom Who Killed Kids Was Gun Activist
(DBN)

Judge: Mississippi court clerks law creates inequality for gay marriage
(DBN)

“Heaven Help Us”: Manziel Attorneys Mistakenly Send Reporters Emails Implicating The Former Quarterback In Continued Drug Use
(DBN)

Relatively inexperienced women have now won the three most important abortion rights cases in American history
(DBN)

Influence Peddling Gets First Amendment Protection The Supreme Court's decision shocks good-government activists, who say it revives 'pay for play.'
(DBN)

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Judges:

BK CO: Notice of Bankruptcy Judge Vacancy
(DBN)

BK NV: The Bankruptcy Bugle Newsletter
(DBN)

When The Eight-Member Supreme Court Avoids Deadlocks, It Leans Left
(DBN)

Judge Posner Has Some Harsh Words For Law Professors Posner: Why Don't Law Professors Have Practical Experience These Days?
(DBN)

Supreme Court Calls Texas' Bluff
(DBN)

An Easy Fix for the Justices' 4-4 Votes
(DBN)

Dissenting in case in which he broke his silence, Thomas sees 2nd-class status for Second Amendment
(DBN)

The Senate Republicans’ Assault on the Supreme Court
(DBN)

If You Can’t Beat ‘Em Block ‘Em: A Preface to a New Post-Scalia Court Strategy?
(DBN)

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Wall Street:

Dow futures rally 200 points as U.S. stocks get set to rebound
(DBN)

US stocks close sharply lower for second day after Brexit vote
(DBN)

How much further does this selling have to go? Brexit sparked biggest 1-day global stock rout ever
(DBN)

It's getting worse for investment bankers
(DBN)

Brexit is going to decimate Wall Street
(DBN)

Global Markets Begin to Steady After Brexit-Related Rout
(DBN)

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Layoffs:

Oberlin Offers Buyouts To 100 Tenured Faculty To 'Preserve Their Dignity' Amidst Budget Reductions
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Autos:

Brexit hits US auto industry, US car sales rate slows, and more Auto stocks are falling faster than market post-Brexit
(DBN)

VW's dieselgate settlement in the US could cost nearly $15 billion VW's Last Surprise?
(DBN)

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Celebs:

'Dance Moms' star Abby Lee Miller pleads guilty to bankruptcy fraud
(DBN)

How 'Ballers' Can Stop Going Broke And Plan For An Early Retirement
(DBN)

Texas ex-tycoon Wyly ordered to pay $1.1 billion for tax fraud
(DBN)

Have celebs turned bankruptcy from badge of shame to smart new trend?
(DBN)

Ex-NFL star Irving Fryar serves only 8 months of 5-year prison term for mortgage fraud
(DBN)

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Food/Beverage:

Chapel Hill specialty food retailer Southern Season files for bankruptcy
(DBN)

Southern Season owes $18M as it reorganizes in bankruptcy
(DBN)

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Debt Collection:

Debt collectors harass family over fake loans
(DBN)

Supreme Court lets debt collection class-action suit proceed
(DBN)

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Currency:

Bitcoin after Brexit: Safe Haven or Harbinger of Future Distress?
(DBN)

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Economy:

The United States of Inequality
(DBN)

Another inflation indicator has collapsed
(DBN)

Brexit Likely Won't Spark a Financial Crisis, US Treasury Secretary Jack Lew Says Worst of Brexit Pain Yet to Be Felt in U.S. Credit, Banks Warn Here's What Wall Street Says Is Going to Happen After Brexit Hedge Funds' Brexit Pain The U.K. Vote's Lessons for the Fed
(DBN)

Government Bond Yields Sink as Investors Flock to Safety
(DBN)

Skyrocketing Housing Costs, 'Endless' Taxes Prompt Exodus Of Californians; Inequality Worsens As Middle Class Jobs Are 'Vaporized'
(DBN)

The Fed Seeks To Postpone A Fedgov Default While The President Works To Hasten It
(DBN)

One of these 8 countries could be the next domino to fall
(DBN)

25 cities with the most dramatic income equality in the US
(DBN)

US Debt Clock
(DBN

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

The Curious Creature That Is A Mechanic’s Lien In Bankruptcy
(DBN)

New York adopts "sweeping" new laws to tackle foreclosure problems NY Enacts Law Affecting Mandatory Foreclosure Settlement Conferences, Pre-Foreclosure Maintenance of Vacant Properties
(DBN)

Black Knight: Homes prices still going up
(DBN)

Stamford: WWE bids $27 million for office complex in bankrupt developer’s fire sale
(DBN)

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Municipalities:

Days Before Deadline, Senate to Consider Puerto Rico Bill The Senate Races to Battle Zika and Help Puerto Rico
(DBN)

McConnell tees up Wednesday vote on Puerto Rico rescue
(DBN)

US inaction on Puerto Rico risks chaos
(DBN)

U.S. Treasury's Lew urges Senate to act on Puerto Rico debt Treasury Urges Action on Puerto Rico Before Court Battle Ensues
(DBN)

Puerto Rico Default Matters Little With Reputation in Ruin
(DBN)

US Supreme Court Issues Two Significant Cases on Puerto Rico’s Sovereignty
(DBN)

The Implications of the ‘Brexit’ Vote, Stress Tests and Puerto Rico
(DBN)

Puerto Rico Needs Tools to Help It Carry Out A Necessary Restructuring
(DBN)

The Detroit Road Map for Puerto Rico
(DBN)

Brexit and Chicago's potential bankruptcy
(DBN)

Mayor asks for city authority to buy CPS debt
(DBN)

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Oil/Gas:

Investors getting nothing back in Primera Energy bankruptcy
(DBN)

Article: June 2016: Energy Litigation Update
(DBN)

Bad Behavior Is Exposed as the Shale- Oil Market Shrinks
(DBN)

How energy’s troubles weigh on Houston economy How oil is dragging Houston down, in one chart
(DBN)

Houston’s oil job growth ‘a little bit sobering’
(DBN)

Throwing in the Towel? Some Oil, Gas Workers Choose to Leave Industry
(DBN)

Oil Continues To Tumble Over Market Uncertainty
(DBN)

Iran’s Oil Production Is Slowing Fast
(DBN)

Don’t Listen To The Analysts: The Rig Count Still Matters
(DBN)

TransCanada suing U.S. for $15B over Keystone rejection
(DBN)

Venezuela's Oil Output Decline Accelerates as Drillers Go Unpaid
(DBN)

UK Oil & Gas loss widens on exploration activity
(DBN)

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Hotels:

JQH Files for Chapter 11 Bankruptcy to Restructure
(DBN)

Hotelier: Bankruptcy a strategic legal move
(DBN)

With Hammons bankruptcy, $22 million promise to Missouri State for JQH Arena up in the air
(DBN)

JQH Hotels And Resorts Says No Hotels Will Close During Bankruptcy
(DBN)

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Photography:

Wearable Camera Maker iON Worldwide Files for Bankruptcy
(DBN)

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Bankruptcy Crimes:

Lindemuth seeks 'complex' designation in bankruptcy fraud case
(DBN)

Abby Lee Miller: Guilty of Bankruptcy Fraud Faces Almost Three Years In Prison After Plea Deal
(DBN)

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Banking:

Status of Banks that Have Appeared on the Unofficial Problem Bank List
(DBN)

Banking System Waits for Brexit's Other Shoe(s) to Drop
(DBN)

Brexit Adds Urgency for Foreign Banks to Pass Fed Stress Tests
(DBN)

____________

Healthcare:

Wall Street investors took over emergency-care companies, and, well, you can guess what happened next
(DBN)

Post Bankruptcy , Austin Hospital Sells for $115M
(DBN)

Bankruptcy judge confirms Palmaz Scientific reorganization plan
(DBN)

____________

Coal:

Peabody Energy Is Imploding
(DBN)

Coal Companies Spent $95 Million on Lobbying Before Bankruptcies
(DBN)

____________

Electricity:

NextEra Said to Bid on Oncor as Berkshire, Edison Eye Utility
(DBN)

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Retailing:

Bankrupt Aeropostale Wants To Pay Its Execs Their Bonus — They Just Need A Judge To Approve
(DBN)

Catching Up With Sears' Top Lawyer
(DBN)

Owner of Broncos stadium takes first steps toward renaming With Sports Authority in bankruptcy, Denver7 asks why the signs can't be taken off Mile High Stadium
(DBN)

Modell's , Sports Direct Don't Bid on Sports Authority
(DBN)

Forever 21 Shipping Firm Drops Retailer, Citing Slow Business
(DBN)

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Shipping:

Hanjin Shipping Creditors Offer Aid Of 20% Of Liquidity Shortfall If Hanjin Group Provides The Rest
(DBN)

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Tennis:

Louisville Professional Tennis ceases operations
(DBN)

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New Bankruptcy Opinions
(0 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (21 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (12 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)

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Bankruptcy Statistics:

Chicago Area Court Is No. 1 In Bankruptcy Filings
(DBN)

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Bankruptcy Remoteness:

Structural Limitations on Bankruptcy Filings—Blocking Tactics on the Block
(DBN)

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Settlements:

Pre-plan Tender Offer Met Equal Treatment Test and Fell Within Flexible Approach to Bankruptcy Settlements
(DBN)

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Preemption:

Does Federal Bankruptcy Law Preempt State Law Fraudulent Transfer Claims Assigned to a Bankruptcy Estate Representative?
(DBN)

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Avoidance Actions:

Garnishment as Avoidable Transfer
(DBN)

Kid Brands Inc. Preference Actions Filed in New Jersey
(DBN)

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Ch. 13:

Careful Timing Lets Chapter 13 Debtors Retain Personal Injury Settlements
(DBN)

Seventh Circuit Requires Chapter 13 Payments Beyond Five Years
(DBN)

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Bankruptcy Rules:

Comments Sought On Proposed Amendment to FRBP 3015 Proposed New Rule
(DBN)

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Make-Whole:

EFH Court Refuses to Entertain “Legal Fiction,” Dismisses First-Lien Trustee’s Turnover Action Against Second-Lien Noteholders to Recover Make-Whole Not Payable by Debtors
(DBN)

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Class Actions:

PacSun – Judge Silverstein Grants Class Certification
(DBN)

____________

Politics:

Warren Joins Hands With Clinton in Ohio to Rip Into Trump Elizabeth Warren Attacks Donald Trump at Hillary Clinton Campaign Event Hillary Clinton and Elizabeth Warren Set the Trap For Donald Trump Clinton & Warren Get Raucous Ohio Turnout Elizabeth Warren's History of Snubbing Hillary Clinton FactCheck: Elizabeth Warren with Clinton Massachusetts Senator Elizabeth Warren: From Bankruptcy Professor To Pugilist
(DBN)

Another 165 pages of Hillary Clinton emails have been released — including some she deleted Hillary Clinton's potential VP pick has a lot to do with the Democrats taking back the Senate Hank Paulson Gives Hillary The Endorsement She Never Wanted
(DBN)

Hardly anybody wants to speak at Trump's convention Trump Tries to Disband Students Suing Him Trump spokeswoman immediately invokes Benghazi attacks when asked about Brexit Trump: Don't Endorse, Don't Get to Talk Poll: Majority in GOP Don't Want Trump
(DBN)

Mike Huckabee Owes $25,000 for Using "Eye of the Tiger" at Rally Without Permission
(DBN)

Poll Finds Opening for Third-Party Candidates
(DBN)

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UK:

Morgan Stanley Not Pulling 2,000 Bankers Out Of London, But Their Bags Are Packed
(DBN)

This is how politicians could block Brexit Another Brexit Vote Could Actually Happen Why Brexit Might Not Happen
(DBN)

Imagining the U.K. and the EU Three Years After Brexit
(DBN)

Brexit Leads U.K. Lawyers to Seek Solace in Irish Bar
(DBN)

Brexit: S&P Downgrades United Kingdom Sovereign Debt to AA from AAA U.K. Top Rating Cut by Two Notches by S&P After Brexit Vote
(DBN)

Credit Risk Climbs on Brexit for Second Day as Market Shuts Down
(DBN)

Brexit Is (Even) Badder News for Britain's Corporate Bond Market
(DBN)

After Brexit: Chaos and Buyer’s Remorse?
(DBN)

'Leave' voters were not as stupid as David Cameron wanted them to be
(DBN)

Waiting for Brexit's Other Shoe(s) to Drop
(DBN)

British pound could hit history-making dollar parity by end of 2016
(DBN)

UK credit default swap rates at 3-year high as Brexit vote sparks downgrades
(DBN)

BHS landlords lose out as creditors ' move blocked
(DBN)

____________

EU:

George Soros: The European Union Is Heading For A 'Disorderly Disintegration'
(DBN)

Brexit Is an Existential Threat to the European Union
(DBN)

____________

PIIGS:

Creditors Quartet Wants Greece to Hurry With Reforms to Avoid Brexit Backlash
(DBN)

____________

Canada:

Oil patch relieved as AER signals it will assess deals on a case-by-case basis
(DBN)

Consumer insolvencies 'staggering compared to past years'
(DBN)

Former Co-op Atlantic workers lose first step in pension cut battle
(DBN)

____________

South Korea:

Ex-chief Of Daewoo Shipbuilding Summoned Over Company’s Accounting Fraud
(DBN)

Hyundai Merchant restructuring to be extended by one month
(DBN)

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Netherlands:

Aurelius unit seeks bankruptcy of Netherlands-based Oi subsidiary
(DBN)

____________

Brazil:

Soy Boom Goes Bust as Bankrupt Brazil Farmers Cut Back Expansion
(DBN)

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China:

Goldman: China's Corporate Bonds Are a 'Microcosm' of Its Credit Problems
(DBN)

Brexit Is the Sum of China's Fears
(DBN)

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