June 9, 2016

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Guess Which Biglaw Leader Is Raising Salaries Now… Simpson Thacher Finally Announces Its New Salary Scale Magic Circle Firm Matches Cravath Scale Sullivan & Cromwell Beats Cravath (For Certain Classes) NY To $180K: The Raises Spread To Summer Associates! Cleary Gottlieb Matches Cravath Scale… Or Maybe Beats It? NY To $180K, The Bad News — Who WON’T Be Matching? Quinn Emanuel Announces Pay Raises For Associates Debevoise Makes Its Salary Announcement — With A Twist Biglaw Salary Hike: Not All Offices Are Created Equal Hot Litigation Firm Matches Cravath Salary Scale — Are Boutiques The Big Salary Bump Winners? Biglaw Firm Bumps Salary To Attract And Retain The ‘Best And Brightest Attorneys’ Top 10 Firm Smacks Its Associates Across The Face With Money Chicago-Based Biglaw Giant Gives Raises To All U.S. Associates New York $180K Fever - Updates on Who's Not Joining the Party
(DBN)

Should There Be A Minimum Associate Base Pay At Small Law Firms?
(DBN)

Top law firms boost hourly rates for equity partners by 3.9%, leaving mid-tier firms $400 behind
(DBN)

The Murder Of Dan Markel: Wendi Adelson Speaks (Part 2)
(DBN)

Millennials Have Their Say on Law Firms' Future
(DBN)

What Law Firms Can Learn From a McKinsey Consultant
(DBN)

Law firms discourage lateral departures with bonus clawbacks and other financial penalties
(DBN)

Is There A Failure To Communicate?
(DBN)

The ‘Quiet Crisis’ In Legal And How to Fix It
(DBN)

18 unprofessional habits that could ruin your job interview
(DBN)

Lawyers Beware: Don’t Let Your Big Payday Go To Your Head
(DBN)

Judge in Gawker Case Issues Permanent Injunction on Hulk Hogan Tape
(DBN)

Attorney who took over husband’s death-penalty case after he was killed is sued for malpractice
(DBN)

Lawyer Who Allegedly Slit Law Firm Partner’s Throat Says He Doesn’t Recall Lawyer testifies he can’t remember home-invasion attack on law firm managing partner and wife
(DBN)

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Judges:

Donald Trump Calls Comments About Judge ‘Misconstrued’ Trump says Republicans should ‘get over’ judge attack Donald Trump actually has gotten a very fair shake from his 'Mexican' judge Does Trump Know His University’s Lawyer Supports Clinton?
(DBN)

Suspect acquitted in shooting of federal judge gets stiff sentence on related charges
(DBN)

Judge who required ethics training for possibly 3,000 DOJ lawyers stays his order
(DBN)

Stayed suspension is recommended for ex-judge who filed $54M suit against dry cleaner for lost pants
(DBN)

The Judge Chuck Grassley Can't Ignore
(DBN)

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Wall Street:

U.S. stock futures signal a pullback after 3-day rally
(DBN)

US stocks close higher as oil prices climb
(DBN)

Europe ends mostly lower as global growth concerns weigh; FTSE higher Faltering risk appetite hits stocks, sends Bund yields to record lows European stocks slide as oil’s pullback weighs on energy shares
(DBN)

Why this market is on the verge of falling hard
(DBN)

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Layoffs:

Layoffs in aisle 4! Retailers are big job killers
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Mass Torts:

Despite Garlock settlement, Philly asbestos firm can't shake racketeering claims yet
(DBN)

AIG, Travelers units not liable for payment on asbestos claims
(DBN)

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Coal:

McKinsey under fire again over disclosures in Chapter 11 cases
(DBN)

The looming coal cleanup crisis
(DBN)

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Retailing:

Aeropostale Wants To Reorganize, Main Lender Thinks That’s Adorable Aéropostale battles Sycamore for turnaround chance
(DBN)

One unlikely sporting goods store is thriving as retailers implode everywhere
(DBN)

Hastings Entertainment Chain Said to Prepare Bankruptcy Filing
(DBN)

Survey Shows Rapid Growth in Online Shopping
(DBN)

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Politics:

A Look at Trump Donations to State Law Enforcers Would GOP elite care if Trump lost? This thought experiment shows how outrageous Donald Trump's bigotry really is The real reason for Donald Trump's rise, in 2 charts Why the Trump University lawsuits could be catastrophic for Trump Donald Trump is like a demented Jack-in-the-Box Major conservative radio host: DUMP TRUMP! Mark Cuban: Here comes the 'real fun' and 'drama' in the Trump campaign How Trump Broke the Media's Brain Is Donald Trump trying to pick a fight with General Motors or not?
(DBN)

Hillary Clinton’s Time Arrives, but Are the Times Right for Her? Parents Across the Internet Let Daughters Stay Up to See Historic Clinton Speech Clinton set to become first woman nominated by major party Clinton declares historic victory, turns fire on Trump in White House race How I came to realize that a woman president would be a huge deal Hillary Clinton puts Trump’s economic agenda in her crosshairs CIA Personnel Compromised by Hillary Emails
(DBN)

Hillary Clinton ally Elizabeth Warren weighs potential VP role, sees hurdles: Reports
(DBN)

As Sanders refuses to bow out, Millennials urge him to keep fighting 2 of Bernie Sanders's biggest allies just admitted he's lost Bernie Sanders supporters reluctantly give in with #GirlIGuessI’mWithHer Hillary Clinton and Donald Trump are beginning the big battle over Bernie Sanders supporters
(DBN)

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Magazines:

Kept alive by subscriber inertia, print magazines are going to be around for a while yet
(DBN)

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Retailing:

Aéropostale Battles Sycamore for Shot at Turnaround
(DBN)

____________

Coal:

Coal's Costly Compensation - Coal companies are paying big bonuses while foisting costs onto taxpayers
(DBN)

____________

Economy:

BLS: Jobs Openings increased in April
(DBN)

Total Consumer Borrowing Pace Slows Compared to Records in March
(DBN)

Negative Interest Rates Starting to Bite
(DBN)

US: Top 1% See Incomes Jump 188%
(DBN)

Experts: Fed won't raise interest rates because job openings only barely increased
(DBN)

Has America Run Out of Workers to Fill Its Open Jobs?
(DBN)

Boockvar: The Fed should raise rates and cause a recession
(DBN)

Villain or Victim? The Problem With Assigning Blame for the Financial Crisis
(DBN)

These 5 areas of the U.S. are adding jobs faster than anywhere else
(DBN)

These unregulated loans could lead to the next credit bubble
(DBN)

The big problem with one of the most popular assumptions about the poor
(DBN)

US Debt Clock
(DBN

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Mortgage applications jump 9.3% as rates fall
(DBN)

Bank requires few mortgage documents: Seems like housing deja vu
(DBN)

The Housing Trilemma
(DBN)

Zillow: Negative Equity Rate declined in Q1 2016
(DBN)

____________

Municipalities:

House Republicans Look to Democrats for Puerto Rico Bill Votes Puerto Rico debt bill cleared for Thursday U.S. House vote
(DBN)

A look at House bill to help Puerto Rico with $70 billion debt
(DBN)

Congress's Proposal to Restrict Legal Proceedings in Puerto Rico Debt Crisis Could Trigger Chaos
(DBN)

PROMESA could allow radical bankruptcy result for Puerto Rico
(DBN)

With debt payment looming, House weighs Puerto Rico bill
(DBN)

Puerto Rico debt restructuring package faces bipartisan critics in Congress
(DBN)

A Suburb on the Brink of Bankruptcy
(DBN)

BlackRock rages against Illinois BlackRock Calls For a Muni Market Strike in Budgetless Illinois
(DBN)

Atlantic City to Hire Advisers as It Tries to Avert Takeover
(DBN)

Is the Atlantic City rescue plan enough? One credit agency has doubts
(DBN)

Michigan Senate OKs $617M bailout for Detroit Schools Snyder says Detroit schools bailout a 'fresh start'
(DBN)

Scranton: Bankruptcy is the only option
(DBN)

____________

Oil/Gas:

Baker Botts Bags Role on Another Big Energy Bankruptcy
(DBN)

A Plug for Priority Claims in Oil and Gas Cases
(DBN)

After 350,000 Layoffs Oil Companies Now Face Worker Shortages
(DBN)

Oil had spectacular run, but bearish signs ahead: John Kilduff
(DBN)

Oil prices hit 2016 highs on Nigeria sabotages, US crude draw
(DBN)

Is The Oil Rally Now Set To Continue?
(DBN)

The Oil Futures Market Tells Us The Glut Is Over
(DBN)

EIA Projects An Increase In Global Oil Supply EIA Projects An Increase In Global Oil Supply
(DBN)

U.S. Shale Hurting: Largest Monthly Drop In More Than A Year
(DBN)

Japanese Banks Expand to Ranks of World’s Biggest Energy Lenders
(DBN)

Russia’s oil giant just saw its profits drop 75%
(DBN)

Texas Notices as Oil Prices Rise
(DBN)

Shell Unveils New Strategy: ‘Leaner and Deeper’
(DBN)

Major shareholder challenges Hercules Offshore bankruptcy
(DBN)

Pacific Exploration announces Chapter 15 recognition order from U.S. Bankruptcy Court
(DBN)

____________

Alternative Energy:

SunEdison Reshaped Boards in ‘Friday Night Massacre,’ Suit Says
(DBN)

Why the Clock Is Ticking on TerraForm Power and TerraForm Global
(DBN)

Intelligent Energy CEO Resigns Ahead of Vote to Avoid Insolvency
(DBN)

____________

Student Debt:

Proposed Amendments to the Bankruptcy Code Could Adversely Affect Student Loan Securitizations
(DBN)

Should bankruptcy wipe out student loans?
(DBN)

Eight tips for avoiding overwhelming student loan debt
(DBN)

____________

Alternative Finance:

Prosper Shuts Off Borrowers From Two Loan Marketing Sites
(DBN)

____________

Food/Beverage:

Fairway expected to emerge from bankruptcy with $50 million
(DBN)

____________

Corporate Reform:

New York Governor Cuomo's pick for top financial regulator is a big signal to the business community
(DBN)

____________

Chemicals:

Chemours in talks to stay in Wilmington
(DBN)

___________

New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (22 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (2 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 Remoteness:

Public Policy Bars Dismissal of Bankruptcy Case, Judge Rules
(DBN)

____________

Privilege:

Litigation Funder Communications Protected by the Attorney-Client Privilege and Work Product Doctrine
(DBN)

____________

Schedules:

Keep to the Schedule: How a Failure to List Affirmative Claims in a Debtor’s Schedules Can Preclude Recovery in Future Actions
(DBN)

____________

Arbitration:

Ninth Circuit affirms district court's decision that bankruptcy court did not abuse its discretion in denying motion to compel arbitration
(DBN)

____________

Weather:

Are You Caught in the Storm? What Bankruptcy Practitioners Need to Know about Hurricane Claims
(DBN)

____________

Standing:

Bankruptcy Appeal: Jumping Through Hoops for Standing
(DBN)

____________

Mediation:

Should We Choose “Confidentiality” Over “Ensuring Good Behavior” in Mediation? A Legal Malpractice Debate in California
(DBN)

____________

Autos:

Prosecutors Probe for Missing VW Data
(DBN)

____________

Lehman:

Tenth Distribution Percentages Announced for Lehman Brothers
(DBN)

____________

Education:

How Companies Profit Off Education at Nonprofit Schools
(DBN)

____________

Healthcare:

Medical Center That Serves Low-Income Los Angeles Patients Files Bankruptcy
(DBN)

Hawaiian Gardens hospital files for Chapter 11 bankruptcy
(DBN)

Los Angeles hospital files for bankruptcy as cash collections fall short
(DBN)

Three Cenla hospitals file for bankruptcy , locals concerned
(DBN)

The jarring pay gap between black and white doctors
(DBN)

____________

Gambling:

Caesars Judge Says He May Not Be Able to Halt Bondholder Suits
(DBN)

____________

Fraud:

Billionaire Koch brothers could lose the millions they made off Madoff
(DBN)

____________

Celebs:

The Average NBA Player Spends $42,500 a Month, Including Big Bucks on Clothing
(DBN)

____________

Steel:

Delay in Columbus Castings sale worries customers, creditors
(DBN)

____________

UK:

Former BHS owner Dominic Chappell was a 'Premier League liar' who 'had his fingers in the till,' former bosses tell MPs
(DBN)

BHS inquiry: Dominic Chappell tells MPs 'I worked on this deal, you didn't'
(DBN)

The lies, death threats, and sketchy property deals behind the collapse of BHS
(DBN)

Death Threats at Failed U.K. Retailer as Money Goes Missing
(DBN)

____________

Canada:

Grant Thornton Limited, Receiver and Trustee, successful in Redwater Energy’s receivership and bankruptcy proceedings
(DBN)

Redwater Appeal Creates Continued Uncertainty for Insolvent Oil and Gas Companies in Alberta
(DBN)

Dentons, KPMG Linked to Offshore Tax Scheme Up North A Tax Scheme that Involves Dentons, KPMG in Canada
(DBN)

How Hard Did The Oil Crash Hit Canadian Banks?
(DBN)

____________

Australia:

Insolvency reform ignites debate among lawyers
(DBN)

Clive Palmer's Qld Nickel insolvency already looks messy
(DBN)

____________

India:

It's going to take time to set up infrastructure for bankruptcy law: Shroffs
(DBN)

Recoveries for banks to start in second half of FY'18
(DBN)

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