June 8, 2016

The Daily Bankruptcy News

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3-Column Formating

 

Law:

NY To $180K: The First Major Match Cravath Starts Associate Pay Bump Race Milbank, Paul Weiss Quickly Match Cravath’s Associate Raises Another Biglaw Giant Goes to $180k — For All U.S. Offices 3 Makes A Trend: New York Market Really Is $180K New York to $190K! Another West Coast Firm Adopts The $180K Salary Structure Cravath raises NY starting salaries to $180,000: could it spark a new London salary war? Is Following Cravath’s Lead the Best Way to Set Salaries? Associate Salary Bumps Trickle In, But They Aren't For Everyone
(DBN)

Haynes & Boone Adds 3 Bankruptcy Partners In Dallas
(DBN)

Profitable Firms Grew Rates at Double the Pace of Midtier Counterparts
(DBN)

Firms Increasingly Making Partners Pay to Leave
(DBN)

Report Finds Ethical Pressure on In-House Counsel
(DBN)

Clients Got This Big Law Firm Hooked on Marijuana
(DBN)

Regardless Of Your Politics, Attorneys Can Learn A Lot From Donald Trump
(DBN)

The Murder Of Dan Markel: Wendi Adelson Speaks (Part 1) Grand jurors could take up Markel suspect's case Divorce, gang ties, murder: Professor’s death case fit for a movie plot
(DBN)

Why We Tweet at This Law Firm
(DBN)

Learning The Essential Skill Of Dealing With Loss
(DBN)

Beyond Biglaw: Small-Firm Interview Tips (Part 2)
(DBN)

Lesson for BigLaw Brands From Ralph Lauren
(DBN)

Partner performance measures set for a shake-up at Allen & Overy
(DBN)

Judge cites misconduct of in-house lawyer in tossing $200M patent verdict
(DBN)

John Quinn Feels Your Pain
(DBN)

Using an iPad to prepare for an appellate oral argument
(DBN)

Donald Trump Warns Of Mexicans ‘Swarming Border’ To Enroll In Law School
(DBN)

Florida AG Personally Solicited Donation from Trump Before Dropping Trump University Fraud Investigation Texas Governor Linked to Alleged Cover-Up of Dropped Trump University Investigation
(DBN)

Trial begins for claimed gang leader accused of orchestrating kidnap of prosecutor’s dad
(DBN)

Lawyer is fined $75K in hawk-trapping case
(DBN)

Casey Anthony attorney: PI's statements are 'slanderous'
(DBN)

At least 5 bicyclists killed in a hit-and-run crash in Michigan
(DBN)

US Crime is Down, Sort Of
(DBN)

Judge’s finding that Dell buyout was too cheap is ‘sending shudders all over Wall Street’
(DBN)

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Judges:

Law prof backs recall of judge who sentenced Stanford swimming champ to six months Over 400,000 people are calling for the removal of the judge who gave the ex-Stanford swimmer a 'lenient' sentence Stanford Judge Is Why We Need Judicial Elections Judge Aaron Persky Unlikely to Lose Seat Over Stanford Case
(DBN)

Judge Delays Sanctions Against Justice Department
(DBN)

Court: ‘An Ill-Conceived Pleading That Amounts To A Childish Tizzy-Fit’
(DBN)

Hey, Trump, Justice Frankfurter Was 'Ethnic,' Too
(DBN)

Why Trump’s Assault on the Judiciary Is the Most Dangerous Thing He’s Done Trump Responds to Uproar Over California Judge Donald Trump Says His Comments on Judge Have Been ‘Misconstrued’ Trump Fact Check: Says Judge Gonzalo Curiel "is a member of a club or society, very strongly pro-Mexican." Why the Trump Controversy Over a Judge Lingers Trump’s own lawyer in Trump U case is a Clinton donor
(DBN)

Why Trump lawyers won’t ask Trump University judge to step aside
(DBN)

When Filing An Ethics Complaint Against A Judge Is The Right Call
(DBN)

A Merck Lawyer’s ‘Failed Memory Rings Hollow,’ Judge Rules
(DBN)

Ex-Judge Who Sued Dry Cleaners Over Lost Pants Faces Ethics Charges
(DBN)

______________

Wall Street:

U.S. stock futures tilt higher as oil pushes further above $50
(DBN)

US stocks climb with energy companies , oil hits milestone Stocks Inch Closer to Record High, Supported by Oil Prices
(DBN)

______________

Layoffs:

Former Old Country Buffet Employees Sue Company After Abrupt Closures
(DBN)

Airline cutting 161 jobs in Columbus amid bankruptcy reorganization
(DBN)

CT: 19 more layoff notices sent to state employees; total of 951 so far
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Gambling:

Judge slows Caesars' bankruptcy plan, warns of looming legal war
(DBN)

Casino Union Calls Caesars Bankruptcy REIT Plan Too Risky
(DBN)

Caesars Fights for Creditor Support for Restructuring Plan
(DBN)

____________

Corporate Reform:

Inside the foundation-shattering Republican plan to abolish Dodd-Frank - Includes ending 'too big to fail', dramatic overhaul of CFPB GOP Plan to End Dodd Frank Has A Big Problem
(DBN)

____________

Pharma:

Valeant Debt Falls, Default Protection Cost Widens as Drugmaker Slashes Guidance
(DBN)

Valeant Walks Knife’s Edge of Debt Limits With Forecast Cut
(DBN)

____________

Debt Collection:

Bogus Collection Calls Target New England Consumers
(DBN)

FDCPA Case Law Review for May 2016
(DBN)

____________

Steel:

US Workers Are Skeptical, But China Says It Will Restrain Steel Output
(DBN)

____________

Fraud:

Hands Says More Citigroup Bankers Lied in $3.6 Billion Suit
(DBN)

Court awards over $500K in wrongful dismissal case to rogue trader who cost bank nearly $7B Court Awards Jerome Kerviel 0.007991228% Of Damages He Demanded From Société Générale
(DBN)

Hedge fund targets Mossack Fonseca
(DBN)

No Rage? Americans Named in Panama Papers
(DBN)

____________

Economy:

Is a September Rate Hike Off the Table?
(DBN)

World Bank Cuts Global Growth Outlook as Rich Economies Stumble
(DBN)

$6.6 Trillion Reason We're Close to Recession
(DBN)

Behind the Ongoing U.S. Baby Bust, in 5 Charts
(DBN)

Crushing Despair of the White Working Class
(DBN)

The Brutal Journey Back to Work for Millions of Americans
(DBN)

America's Profit Problem: Is Recession Imminent?
(DBN)

DC on Track to Pass $15 Minimum Wage
(DBN)

America's Reverse Robin Hood Economy
(DBN)

The Eight Hour Day No Longer Works
(DBN)

US Debt Clock
(DBN

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

REIT Turnarounds : Rebuilding Value
(DBN)

WaPo: Stop trying to resurrect Fannie and Freddie
(DBN)

This is what will create the next housing boom
(DBN)

The Coming Commercial Real Estate Bust
(DBN)

Seventh Circuit Holds That Tenant’s Pre-Petition Termination of Lease May be Voidable in Bankruptcy
(DBN)

IRS Shuts Down Remaining Channels for REIT Spinoffs
(DBN)

______________

Municipalities:

Puerto Rico Insurers Seek Talks to Avert Next Major Bond Default
(DBN)

Puerto Rico's bankruptcy protection is long overdue
(DBN)

Congress can solve Puerto Rico's debt crisis, but colonial status remains a problem
(DBN)

Puerto Rico's Fiscal Crisis: What You Need to Know
(DBN)

Puerto Rico Governor Candidate Favors Debt Talks to Court Fight
(DBN)

Assured CEO urges Puerto Rico to negotiate
(DBN)

Who Is Responsible for Puerto Rico's Debt?
(DBN)

Cities Americans are Abandoning
(DBN)

____________

Oil/Gas:

‘Fit for 50’ – Restructurings Likely as Oil Industry Enters New Normal
(DBN)

'In re Sabine': Gathering Agreements and Real Covenants
(DBN)

The Epicenter of America’s Oil Bust Is Drawing Buyers
(DBN)

Oil back above $50 a barrel Oil Prices Stimulated By Fed’s Inaction Oil going to $60, companies to start spending again: Oil CEOs Crude tops $51 as U.S. inventory falls, China demand looks promising
(DBN)

Oil just did something it hasn't done for nearly 11 months
(DBN)

Oil Prices Will Head Back Down, Here's Why
(DBN)

EIA: US Oil Production Down 1 Million BPD
(DBN)

Rig contractor sees demand picking up as oil reaches $50 a barrel
(DBN)

Seventy Seven Energy files for bankruptcy Oil Field Services Provider Seventy Seven Files for Bankruptcy Oklahoma City-based energy company files for bankruptcy Another OKC energy company files bankruptcy Files for Court Approval of Prepackaged Reorganization Plan Disclosure Statement (with Joint Prepackaged Plan of Reorganization) Petition
(DBN)

Linc USA Files For Bankruptcy in Houston, TX
(DBN)

Bankruptcy court ruling may ease credit stress for oil and gas industry
(DBN)

Floating storage builds up off China
(DBN)

Saudi Cabinet Green Lights $141B Oil Diversification Plan Saudi Arabia’s Vision 2030
(DBN)

Big Oil’s Footprint in Washington Shrinks With Price of Crude
(DBN)

Shell to Quit Up to 10 Countries, Sell 10% of Oil and Gas Assets
(DBN)

The Shale Boom Has Given Rise to A Bankruptcy Boom
(DBN)

____________

Shipping:

DryShips Stock Plunging On Bankruptcy Concerns
(DBN)

The U.S. Stock Of A Former Greek Shipping Billionaire Sinks To $1
(DBN)

____________

Alternative Finance:

LendingClub Stumbles Anew, Calling Off Meeting With Investors
(DBN)

____________

Healthcare:

CA: Gardens Regional Hospital Files for Bankruptcy
(DBN)

LA: Oakdale Community Hospital files for bankruptcy, hospital will remain open
(DBN)

CA: Shuttered Colusa hospital files for bankruptcy protection
(DBN)

U.S. States That Embraced Healthcare Reform Are Seeing Less Debt Sent to Collection Agencies
(DBN)

____________

Retailing:

Ralph Lauren Fires a Warning Shot at Department Stores
(DBN)

____________

Food/Beverage:

Fairway reorganization plan approved gets court approval CFO, co-president resigns from Fairway
(DBN)

____________

Student Debt:

Lawyer wants bankruptcy to cover student loans
(DBN)

Student Loans Increasingly Backfire, Leaving Borrowers Worse Off For Going To School
(DBN)

____________

Education:

Accreditor of For-profit Colleges Agrees It Needs a Makeover
(DBN)

____________

Politics:

Trump's legacy in Atlantic City under scrutiny 11 rules to remember when doing a deal with Donald Trump Those Dump-Trump Republicans Are Chattering Again Trump Orders Republicans to Be True to His School The Fed Risks Helping Trump 'You're going to find it very, very interesting': Donald Trump announces he will make 'major' speech about the Clintons One thing stood out to everyone watching Trump’s victory speech Disgraced Clinton Aide in Talks to Join Trump Ronald Reagan's son says 'the whole family' is insulted by Trump comparisons
(DBN)

The Republican Party Can Get Even Worse
(DBN)

Elizabeth Warren's Trump attacks could be prep for Clinton Vice President ticket
(DBN)

Hillary Clinton wins California 'Milestone'
(DBN)

Bernie Sanders is reportedly laying off half his campaign staff Bernie Sanders' supporters are uniting with the hashtag #ThankYouBernie Bernie's Aides Throw Him Under the Bus Bernie Sanders has to choose what type of loser he'll be
(DBN)

Obama congratulates Hillary Clinton, and thanks Bernie Sanders for energizing voters
(DBN)

Ex-Clinton Aide Fears Prosecution Over E-Mail Testimony
(DBN)

'I don't care what the rules are': Ted Cruz ally calls for delegate 'insurrection' at GOP convention
(DBN)

Tea Party Congresswoman Defeated For Not Being Conservative Enough
(DBN)

____________

New Bankruptcy Opinions
(8 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (32 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (6 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:

May Business Chapter 11 Filings Since 2010
(DBN)

30 companies that might disappear in 2017
(DBN)

______________

Bankruptcy Remoteness:

Lenders Beware: Make Sure Your Borrower’s Organizational Documents’ Blocking Director Provisions Comply With State Law
(DBN)

Even a Golden Share Can't Stop Bankruptcy
(DBN)

Delaware Court Voids LLC Agreement Provision Giving Creditor Veto Over Bankruptcy
(DBN)

____________

Standing:

Bankruptcy Trustee Given Leeway to Step in for Plaintiff
(DBN)

____________

Excusable Neglect:

Law Firm's Proof of Claim Filed Untimely in Ch. 11 Cases
(DBN)

____________

Chapter 13:

Use of Car Not Included in Debtor's Monthly Income
(DBN)

Ch. 13 Debtor Only Partially Able to Strip Liens From Home
(DBN)

____________

Automatic Stay:

Bankruptcy Petition Costs Litigant Right to Appeal State Court
(DBN)

____________

TBTF:

How 'Too Big To Fail' is impeding innovation
(DBN)

Too Big to Fail - To Block Bailouts, Living Wills and Capital Buffers
(DBN)

____________

Reclamation:

Getting the Most Bang for Your 503(b)(9) Bucks
(DBN)

____________

Abandonment:

Notice of Abandonment Not Required under 554(c)
(DBN)

____________

Mediation:

Discovering How Mediation Can Bring Order Out of Chaos
(DBN)

____________

Mootness:

Courts Should Review Bankruptcy Equitable Mootness Doctrine
(DBN)

____________

Claims:

Not All “Claims” Were Created Equal
(DBN)

____________

Fraud:

Panama firm obscured the trail of US funds to protect clients’ money from scrutiny, says NY Times
(DBN)

____________

Travel:

American Airlines just made a big change most passengers will hate
(DBN)

____________

Waste:

Atlanta division of recycler QRS files for bankruptcy
(DBN)

ABC Disposal gets favorable bankruptcy hearing for burnt Rochester plant
(DBN)

____________

Sovereigns:

Sovereign debt: Curing defaults
(DBN)

____________

UK:

Litigation Funding Cements England’s Insolvency Litigation Hub Status
(DBN)

Undrawn pension safe from creditors in the event of bankruptcy, court rules
(DBN)

'If you kick-off about it I'm going to come down there and kill you': BHS CEO tells of threats from owner after £1.5 million transfer
(DBN)

BHS owner Chappell faces the music
(DBN)

UK Manufacturing – a Sector on Hold?
(DBN)

Kingston Smith appoints new insolvency partner
(DBN)

VectorCommand creditors braced for hit
(DBN)

____________

EU:

European Restructuring Landscape Improves with Multiple Reforms
(DBN)

Greater Choice in Liability Management and Bond Restructurings
(DBN)

German 10-Year Bond Yield Falls to Record on Global Growth Risks
(DBN)

____________

PIIGS:

Spain’s Improved Insolvency Regime Gains Momentum
(DBN)

Greece: Last Obstacles Lifted for Rescue Loan Payout
(DBN)

Portugal Finance Minister Centeno on Bad-Debt Burden
(DBN)

Creditors Give Greece Extension to Complete Prerequisites
(DBN)

____________

Russia:

A New Wave of CIS Restructurings Poses Unique Challenges
(DBN)

Russia's Rusagro files for bankruptcy of Razgulay
(DBN)

____________

MENA:

Iranian banks on verge of bankruptcy
(DBN)

Israeli Tycoon Leviev Asks Banks to Delay Repayment of Private Debt
(DBN)

____________

China:

Chinese Dream of Instant Stock-Market Riches Faces Harsh Reality
(DBN)

____________

South Korea:

11 trillion won fund to be set for corporate restructuring
(DBN)

____________

 


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