June 7, 2016

The Daily Bankruptcy News

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Law:

NY To $180K!!! Cravath Raises Associate Base Salaries!!! Cravath raises first-year associate pay to $180K, effective July 1 $180K for a First-Year Associate? That's What Cravath is Paying Another Firm Bumps Associate Salaries To The $180K Scale
(DBN)

Coming and Going Concerns
(DBN)

The Dewey Case Has Been Turned Into A Musical
(DBN)

Schools Touting Appearance In ‘Best Law Schools’ Sponsored Content Article
(DBN)

The Pink Ghetto: Biglaw’s Glass Ceiling Despite Inclusion Programs, Women Still Lag Behind Men at Law Firms
(DBN)

In-house lawyer offers some advice on business development
(DBN)

A New K&L Gates Hire Quickly - and Quietly - Departs
(DBN)

Stand-up desks increase productivity and decrease discomfort, study finds
(DBN)

Criminal defense lawyers say police have it wrong in claimed law professor contract-hit case
(DBN)

Law Schools Reveal Their Future Plans For The LSAT And GRE
(DBN)

Lawyer exits partnership at 275-attorney firm to take lead role in consumer law practice
(DBN)

Only a small percentage of law school graduates actually make big money — here's a simple way to tell if you'll be one of them
(DBN)

Mindfulness For Lawyers: Expectations vs. Reality
(DBN)

Amal Clooney (Esq.) is a complete boss
(DBN)

Prosecutor will not seek charges against the mother of the boy who entered the Cincinnati Zoo’s gorilla exhibit
(DBN)

Lawyers Accuse Federal Prosecutors of Routinely Spying on Defense Strategies
(DBN)

Telling the Story of the Stanford "Twenty Minutes of Action" Case
(DBN)

Ex-prosecutor charged with assault; she turned herself in when Starbucks video was made public
(DBN)

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Judges:

Paul Ryan: Donald Trump’s Judge Comments ‘Out of Left Field’ Trump doubles down on Hispanic judge amid furor
(DBN)

'Take that order and throw it the hell out': Trump reportedly rails against campaign staff for telling surrogates to stop attacking judge
(DBN)

10 percent of federal judgeships are vacant; is there a ‘vacancy crisis’?
(DBN)

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Wall Street:

U.S. stock futures show S&P stretching for a fresh record
(DBN)

Wall St. Closes Higher as the Energy Sector Gains
(DBN)

This is how much you can hope to earn on Wall Street based on your degree
(DBN)

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Layoffs:

Daimler Trucks will lay off 1,240
(DBN)

General Electric shedding another 360 oil jobs in Texas
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Celebs:

Kardashians scared Rob will go broke for Blac Chyna
(DBN)

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Education:

MA: Former American Career Institute admits lying to students, fabricating records and employing unqualified teachers
(DBN)

Education Department Orders ITT Educational to Bolster Finances
(DBN)

John Oliver investigates the suspect business tactics at Trump University NY Attorney General: Trump University Is a Straight Up Fraud Case
(DBN)

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Pharma:

Lender CRG calls loan to pharma company Navidea, tries again to seize bank accounts
(DBN)

Valeant is getting crushed after slashing guidance
(DBN)

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Gambling:

Caesars Restructuring Talks Reach Stalemate Caesars seeks fresh halt to lawsuits as mediation breaks down
(DBN)

Caesars Entertainment Bankruptcy: Company Seeks Timeout As Creditors Clash With Private Equity Firms
(DBN)

IRS Called Upon to Halt Caesars Restructuring Plan
(DBN)

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Retailing:

Sports Authority wants out of Broncos, Rockies sponsorships
(DBN)

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Autos:

Jamie Dimon's warning on auto loans may spread to co-borrowers
(DBN)

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Debt Collection:

John Oliver Buys And Forgives $15 Million In Medical Debt: But Is The Forgiveness Taxable? HBO’s John Oliver Skewers Debt Buying Industry
(DBN)

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Horticulture:

Bankrupt Nursery Skagit Gardens Lines Up Buyer After Owner Charged With Fraud
(DBN)

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Currency:

Mt. Gox victims hounded by hackers looking to cash in
(DBN)

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Personal Finance:

Why You Should Never Co-Sign a Loan
(DBN)

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Economy:

Yellen: Current Conditions and the Outlook for the U.S. Economy The Fed is going to raise rates again soon, and this will drive some people crazy
(DBN)

Why Did the Unemployment Rate fall Sharply with Few Jobs Added? Federal Reserve Chair Yellen calls weak jobs numbers “concerning” but says overall economy is healthy
(DBN)

Economists Predict Overall Financial Rebound This Year
(DBN)

Janet Yellen had the perfect response to a question about Donald Trump causing a global economic crisis
(DBN)

The miserable jobs report might've actually been great news
(DBN)

The next 'black swan' events
(DBN)

US Debt Clock
(DBN

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

First Time Foreclosure Starts Lowest on Record
(DBN)

Chicago: Bankruptcy filing cancels Mundelein shopping plaza foreclosure
(DBN)

Bankruptcy judge terminates developer's lease for $23M Waikiki Landing project
(DBN)

Landlord for UES property tied to Chaim Miller files for bankruptcy
(DBN)

Billionaire hedge fund manager tears down his $62 million mansion
(DBN)

Landlord That Mirrored U.S. Property Boom and Bust to Shut Down
(DBN)

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Municipalities:

Justice Thomas May Be Writing Ruling in Puerto Rico Debt Case
(DBN)

Puerto Rico debt relief bill advancing in U.S. House
(DBN)

Puerto Rico Candidates Head to Washington to Fight Debt Bill
(DBN)

Rolling the dice on Donald Trump in Atlantic City
(DBN)

Local officials at odds over DPS plan
(DBN)

Legislature close to approving $617M Detroit schools bailout
(DBN)

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Oil/Gas:

The Shale Bankruptcy Boom Moves Midstream
(DBN)

Akin Gump Bests Baker Botts for Hercules 'Chapter 22' Role
(DBN)

U.S. Crude Exports Hit 96 Year High
(DBN)

Rebound In Oil Prices Changes Drillers’ Mindset
(DBN)

Permian Springs To Life With $50 Oil Permian Springs To Life With $50 Oil
(DBN)

Oil Up As Global Outages Seriously Impact Crude Supplies
(DBN)

Important Issue Regarding Linn Energy's Bankruptcy
(DBN)

Hercules Offshore to sell assets in bankruptcy Hercules Offshore Files Prepackaged Chapter 11 S&P Downgrades Hercules Offshore (HERO) to 'D' Amid Chapter 11 Filing
(DBN)

EIG Loses Bid to Have Intervention Bankruptcy Dismissed
(DBN)

C&J Energy gets temporary reprieve on debt default, potential bankruptcy
(DBN)

Penn Virginia Amended Creditors’ Committee Appointed
(DBN)

As oil nears $50 a barrel, will renewed drilling undercut price gains?
(DBN)

Warren Buffett is loading up on this oil company
(DBN)

How Banks Contained The Oil Crash
(DBN)

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Politics:

Donald Trump is again causing major alarm for Republicans — and they're calling him out The Many Scandals of Donald Trump: A Cheat Sheet Mark Cuban: Donald Trump is proving he'd be a 'puppet president' BuzzFeed is terminating its ad deal with the Republican Party over Donald Trump Donald Trump rages in tweetstorm prebuttal to report that he doesn’t ‘have a campaign'
(DBN)

Is Tuesday Bernie Sanders’s Last Stand? Here’s a Look at the Delegate Math
(DBN)

Jamie Dimon to Americans: 'You're being manipulated'
(DBN)

Hillary Clinton has enough delegates to clinch Democratic nomination, AP says Hillary's Inequality Speech in $12,500 Jacket
(DBN)

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Travel:

Flight attendants reveal facts about flying that airlines don't tell passengers
(DBN)

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Healthcare:

Forest Park hospital employees get severance, health care benefits
(DBN)

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Paper:

Verso chief to step down following bankruptcy conclusion
(DBN)

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Steel:

Columbus Castings parent Constellation Enterprises fails to sell Parsons Avenue plant by June 3, continue to negotiate terms of sale
(DBN)

Why the U.S. Steel Industry Is Molten Hot Over China’s Trade Practices
(DBN)

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Entertainment:

Vivendi Unit Wins Auction for SFX Entertainment's Ticketing Business
(DBN)

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Fraud:

Martin Shkreli Can’t Stop Getting Charged By The Feds Martin Shkreli taunts fed prosecutors after judge gives him exactly what he wants
(DBN)

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Coal:

Regulators Fear $1 Billion Coal Cleanup Bill
(DBN)

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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 (45 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (15 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 Planning:

?Using Credit Enhancements To Minimize the Fallout From Another Company’s Bankruptcy
(DBN)

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Cross-Border:

“One Nortel” Inches Closer to Final Adjudication of the Allocation Decision—Direct Certification to the Third Circuit Granted
(DBN)

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Discharge:

A Win for Creditors: The United States Supreme Court Expands the Meaning of Actual Fraud for Bankruptcy Discharge
(DBN)

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Baseball:

MLB, McCourt and Magic: Revisiting the Los Angeles Dodgers’ Bankruptcy Five Years Later
(DBN)

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Student Debt:

A Massachusetts case could help former students of a job training chain in Maryland
(DBN)

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Autos:

UCI Bankruptcy Fight Brews Between Bondholders, Lender
(DBN)

Takata Said to Avoid Bankruptcy in Seeking Funds From Buyer
(DBN)

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Chemicals:

Vertellus Specialties bankruptcy sets stage for sale
(DBN)

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Banking:

How Citigroup Trader Mark Tsesarsky Turned Toxic Assets Into Gold
(DBN)

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Corporate Reform:

GOP unveils Dodd-Frank alternative Hensarling Asks for the Moon in Dodd-Frank Revamp Hensarling Working on New Financial Crisis
(DBN)

House GOP plan ditches 'too big to fail' label for banks
(DBN)

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Shipping:

DryShips in Default, Warns of Bankruptcy Risk
(DBN)

Hanjin Shipping claims no negotiation troubles 'Charter talks are progressing as planned': Hanjin Shipping
(DBN)

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Advisors:

Peter J. Solomon Co hires Pitts to lead restructuring practice
(DBN)

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UK:

BHS the exception as administrations fall
(DBN)

Lord Myners calls for ‘deep’ inquiries into BHS collapse
(DBN)

Spotlight on Olswang as MPs question BHS fees
(DBN)

Bankrupt BHS Owes Billions to Creditors
(DBN)

London's Financial District Prepares for Possible EU Exit
(DBN)

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EU:

Europe's Next Financial Crisis
(DBN)

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PIIGS:

EWG Gives Greece 24-Hour Deadline to Comply with Bailout Actions Gov't races to tie up loose ends on Elliniko, OTE, other reforms
(DBN)

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Canada:

Supreme Court of Canada to reveal Thursday whether it will hear Livent-Deloitte case
(DBN)

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Brazil:

Brazil’s Second-Biggest Bank Seen Needing $7 Billion Rescue Plan
(DBN)

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Cuba:

Rich nations use Cuba debt in hopes of prying open opportunities
(DBN)

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Australia:

Former Titans boss set to face bankruptcy with $2m debt and his home sold up
(DBN)

Big miners in trouble as mining boom gains wiped out by commodity price plunge
(DBN)

Forensic investigation into Arrium collapse kicks off
(DBN)

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India:

More power to banks to deal with bad loans mooted, says Jaitley
(DBN)

Jaitley asks banks to deal firmly with NPAs
(DBN)

Inflation surprise prompts RBI to hold lending rates
(DBN)

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MENA:

New bankruptcy act authorizes rehabilitation of SMEs
(DBN)

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