March 11, 2016

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Why are so many K&L Gates partners leaving? It’s partly due to management autocracy, some say
(DBN)

Good News Out Of The K&L Gates
(DBN)

What's driving talent away from Jones Day?
(DBN)

‘The Picasso Of The Legal Field’
(DBN)

Survey: lawyer earnings second only to doctors in US
(DBN)

41 (Including 2 Top 50) Law Schools Would Fail ABA's Proposed New 75% Bar Pass Within Two Years Of Graduation Accreditation Standard
(DBN)

UK: Pass mark for Bar aptitude test will be raised to block weaker candidates
(DBN)

Law Firms Face Fragmenting Legal Market
(DBN)

Law firm bullies weigh down mental health and job performance, study suggests
(DBN)

Linklaters hikes pay to US firm levels - with new qualifiers on up to £91k Linklaters hikes pay and holiday for all Linklaters revamps salaries and benefits to attract talent
(DBN)

Lawyers have worst mental health of all professionals
(DBN)

Reed Smith PEP drops 8 per cent amid revenue fall
(DBN)

UK: Baker & McKenzie raises NQ pay to £70,000
(DBN)

Fried Frank posts record financials for 2015 as revenue hits $504m
(DBN)

Partnership prospects at… Kirkland & Ellis
(DBN)

SEC Suspends Former Dewey Chairman From Making Appearances
(DBN)

Some law firms aim for best summer associates with early job offers
(DBN)

Big Law Gender Parity Initiative Picks Up Momentum
(DBN)

It’s Good to Be a Lawyer — Even Today
(DBN)

SUNY-Buffalo Law School, After Reducing Faculty By 50% Through Buyouts, Pays Former Dean $300k While He Works For World Bank
(DBN)

The U.S. News Rankings Are Horrible. Stop Paying Attention.
(DBN)

Unsolicited texts sent to plaintiffs lawyer prompt him to step into plaintiff’s shoes
(DBN)

Litigation Funder Doesn’t Violate Ethical Boundaries, Court Finds
(DBN)

Reaction To Berkeley Law’s Harassment Scandal Is Swift And Harsh UC Berkeley School of Law Dean Resigns Amid Harassment Suit
(DBN)

Law Firm Art Collections: Quality Or Quantity?
(DBN)

Apple just busted the biggest myth about how to save your iPhone's battery life This trick fixes your iPhone if it's acting slow — and it takes less than 30 seconds
(DBN)

Today’s Tech: Tips On Going Paperless, Outsourcing, And Law Firm Succession
(DBN)

Job-killing legal technologies? They only look that way
(DBN)

A hacker's typo foiled a billion dollar bank heist
(DBN)

Oregon Militia Could Face Decades in Prison
(DBN)

Deposition: Cosby's Wife Refused 100 Questions
(DBN)

DA’s office disavows 19th conviction in ongoing probe of old convictions; ex-inmate served 25 years
(DBN)

Defense lawyer is left bruised and bloodied in confrontation with DA investigator
(DBN)

Repeat offender who met with clients at bar association law library gets time for posing as attorney
(DBN)

Bankruptcy lawyer appointed as new deputy treasurer in Macomb County
(DBN)

Attorney Loses Dog, Mind In Profanity-Laced Filing About S--------
(DBN)

Barclays Analyst And World’s Worst Roommate Arrested Again
(DBN)

7 people went undercover as inmates for 2 months — and they revealed harrowing details
(DBN)

______________

Judges:

Judge Posner Foresees Few Disruptions From Supreme Court Standoff
(DBN)

Federal Judge Richard Posner: GOP Proof Supreme Court is Political
(DBN)

Lindsey Graham is saying the Senate's blocking of a Supreme Court nominee is 'going to be the new rule'
(DBN)

Americans Don't Like Senate GOP Strategy on Supreme Court Nominee
(DBN)

Republican Threats and the Supreme Court
(DBN)

Grassley Defends Vow to Block Debate on Supreme Court Nominee
(DBN)

Failed judicial nominees: It's 'no fun'
(DBN)

White House interviewing five potential U.S. Supreme Court nominees: source
(DBN)

The Supreme Court Needs an Outsider
(DBN)

Little Known History Of The Supreme Court Building
(DBN)

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Wall Street:

Dow futures rise more than 100 points as oil stages a comeback
(DBN)

US stocks close mostly flat after a brief rally fades away
(DBN)

Key stock-market indicators flash yellow
(DBN)

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Layoffs:

Americans Freaking Out About Robots Taking Jobs, But Not Their Jobs
(DBN)

CT: Number of possible state employee layoffs grows into thousands
(DBN)

Daewoo Axing 12,000 Jobs Over Oil Market
(DBN)

Colgate extends restructuring program, to cut more jobs
(DBN)

Anadarko Petroleum cutting 17 percent of workforce - 1,000 jobs
(DBN)

Sonos announces layoffs
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Politics:

Donald Trump is unstoppable: Survey Anderson Cooper grills Donald Trump about the 'Trump Steaks' piled up at Trump's press conference In a Brokered Convention Rules Favor Trump Man who punched protester at Trump rally charged with assault A Brief History of Trump's Get Rich Quick Deals
(DBN)

Fact-checking the Republican debate in Miami
(DBN)

1 Senator, Just 1, Endorses Ted Cruz
(DBN)

____________

Art:

Fraudsters' art on sale to pay back creditors
(DBN)

____________

Brokers:

US FDIC and SEC Propose Rules to Govern the Orderly Liquidation of Covered Broker-Dealers under Title II of the Dodd-Frank Act
(DBN)

____________

Economy:

US jobless claims hit five-month low as labor market strengthens Weekly Initial Unemployment Claims decrease to 259,000
(DBN)

Fed to raise rates by mid-year, again before year-end: Reuters poll
(DBN)

Americans' Home Wealth Recovers $7 Trillion as Prices Firm
(DBN)

NYT: Poor People Have Second Homes, Rich People Have “The Four-Pack”
(DBN)

Why Are Americans So Angry?
(DBN)

WSJ Survey: Economists See a Slight Decline in the Still-Elevated Odds of U.S. Recession
(DBN)

Wages Grew 4% or Faster in One in Eight Large U.S. Counties
(DBN)

How Central Banks Have Made Wealth Inequality Worse
(DBN)

Consumers nearly $1T in debt: This could end badly
(DBN)

Fed's Flow of Funds: Household Net Worth increased in Q4
(DBN)

The federal minimum wage peaked in 1968
(DBN)

Hilsenrath: Fed to "Keep Options Open for April or June"
(DBN)

Prime Working-Age Population Growing Again
(DBN)

Rogoff: This is the real fear factor in global markets
(DBN)

Energy expenditures as a percentage of consumer spending
(DBN)

Trump can’t cut the budget by $300 billion with his negotiation skills
(DBN)

The real economy and markets are so far apart they look like 'two parallel realities'
(DBN)

Hotel Occupancy in 2016: Tracking Just Behind 2015
(DBN)

US Debt Clock
(DBN

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

Mortgage rates move higher for second straight week
(DBN)

Mortgage Applications Increased in Latest Weekly Survey, Purchase Applications up 30% YoY
(DBN)

Demographics: Renting vs. Owning
(DBN)

Phoenix Real Estate in February: Sales down 3%, Inventory down slightly
(DBN)

Baltimore: HarborView Towers condo association seeks bankruptcy
(DBN)

CoreLogic: "1 Million US Borrowers Regained Equity in 2015"
(DBN)

Fannie Mae: "Millennials ... Are the Driving Force Behind the Recent Surge in Apartment Demand"
(DBN)

New York City's most expensive rental
(DBN)

Why US home-ownership rates are so low
(DBN)

____________

Municipalities:

Atlantic City on brink of going broke as N.J. leaders fight over state takeover
(DBN)

Bankruptcy should not be option for Atlantic City
(DBN)

Atlantic City officials urge Senate committee to reject state takeover bill
(DBN)

Atlantic City takeover plan moves forward despite uproar
(DBN)

Protesters disrupt hearing on Atlantic City takeover bill
(DBN)

DPS cash shortage looms as Mich. Legislature prepares for break Detroit School Coffers Near Empty
(DBN)

No time for grievances, politics in DPS rescue
(DBN)

Puerto Rico House Approves Water Utility Borrowing Legislation
(DBN)

Eugene Driker: Private Practice (“Civilian”) Mediator in Detroit’s Bankruptcy
(DBN)

____________

Oil/Gas:

Distressed Energy: Midstream Agreements — 10 Questions After Sabine’s ‘Unspeakable Quagmire’
(DBN)

The New Normal for Distressed Energy Companies
(DBN)

Conning and Sutherland Asbill & Brennan LLP: Don't panic over Sabine Oil & Gas bankruptcy ruling
(DBN)

Fitch expects $70 billion of defaults by energy and materials companies this year
(DBN)

Is the bottom in for oil? Goldman turns a bit more upbeat
(DBN)

Fitch: Sabine Ruling Could Have Broad US Midstream Implications
(DBN)

Thurs. AM: Crude prices tumble as report questions likelihood of key oil-producer gathering Oil Prices Sink As Investors Lose Faith In OPEC Freeze
(DBN)

Drillers See Dire Impact at Worst Time in Obama Methane Plan
(DBN)

Rising oil prices will not quickly rescue the beleaguered shale industry
(DBN)

Shell CEO pay fell 8 percent in 2015 amid oil crash
(DBN)

Bonanza Creek Energy Draws down $209M From Revolving Loan
(DBN)

Oil Bust Spreads As 11 Texas Towns See Credit Downgraded
(DBN)

Norwegian Investment Bank Predicts Oil Industry Deals to Surge
(DBN)

CP CEP: Fossil Fuels are Probably Dead
(DBN)

Oil Crash Was Not the Saudi's Fault
(DBN)

From Champs To Chumps: Latin America Oil Giants Owe $275 Billion
(DBN)

____________

Fraud:

Ex-Synergy CEO gets 5-1/4 years in prison for massive fraud
(DBN)

____________

Software:

Aspect Software Opens Del. Ch. 11 Case With $795M Debt
(DBN)

____________

Coal:

Arch Coal suspends plans for major new mine in Montana
(DBN)

Here's Why Even The World's Largest Coal Company Is Teetering On Bankruptcy
(DBN)

Peabody Energy's demise parallels the decline of King Coal
(DBN)

____________

Gambling:

Caesars Unit Risks Loss of Senior Creditors’ Support
(DBN)

____________

Resorts:

Battle for Aman Luxury Resorts Spills Over Into New York
(DBN)

____________

New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (17 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (8 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)

______________

Professional Compensation:

Delaware Bankruptcy Court Holds, Twice: “ASARCO is Here to Stay” (But Your Authors Have Hatched Another Plan; Read Below!)
(DBN)

____________

Miscellaneous:

Voting Ends Friday at Noon for the Sweet Sixteen!
(DBN)

____________

TBTF:

A New Tool for Avoiding Big-Bank Failures: ‘Chapter 14’
(DBN)

____________

Retailing:

Men's Wearhouse parent closing 250 stores
(DBN)

Sports Authority unsecured creditors’ committee appointed
(DBN)

____________

Shipping:

Japanese Shipowners Vow to Fight Bankrupt Bulk Invest Transaction
(DBN)

____________

Education:

As American For-Profit College Bubble Bursts, Industry Moves Overseas
(DBN)

____________

Toll Roads:

Debate rolls on over I-77 toll lanes in Charlotte
(DBN)

____________

Mass Torts:

U.S. Chamber Applauds Utah's Asbestos Fraud Reform Bill, Urges Governor to Sign
(DBN)

____________

Autos:

What Will Faulty Ignition Switches Cost GM?
(DBN)

____________

Banking:

Analysts are losing sleep over what’s happening at US banks right now
(DBN)

____________

Celebs:

After Bankruptcy Hearing, 50 Cent Flashes More ‘Cash’ 50 Cent Can Sleep Better, Bankruptcy Woes Finally Settled 50 Cent Blasts The New York Times for Article on His Bankruptcy Case
(DBN)

50 Cent Investigated By Secret Service Over Fake Money
(DBN)

Tori Spelling Says She and Family Are "Not Bankrupt "
(DBN)

A Settlement in Billy Preston's 10-Year Bankruptcy Case Opens a New Chapter For the Rock'n'Roll Legend
(DBN)

____________

Sporting Goods:

Power Corp. makes move on Performance Sports
(DBN)

____________

Radio:

Creditor group gives iHeart 60 days to repay $6B in loans
(DBN)

Cumulus Radio Lost $564 Million in 2015
(DBN)

____________

Sovereigns:

Kirchnerite lawmakers want binding referendum on holdouts bill
(DBN)

____________

UK:

Chorus strike row deepens as ENO reveals 'grave risk of bankruptcy '
(DBN)

HMRC failings hurt creditors in insolvencies
(DBN)

____________

EU:

Draghi Sees ECB Done for Now on Rates With Kitchen-Sink Stimulus ECB pulls out all stops with rate cuts, stimulus boost
(DBN)

Mario Draghi has cracked the negative-rate puzzle for banks
(DBN)

Euro Climbs, Stocks Fall as Stimulus Doubts Persist; Crude Drops
(DBN)

Europe Presses the Panic Button
(DBN)

____________

Canada:

Consumer debt skyrockets 21.3 per cent in Edmonton
(DBN)

____________

Austria:

Austrian govt advisory body says insolvency of Carinthia manageable
(DBN)

____________

Netherlands:

Robert van Galen: ‘The number of bankruptcies is unnecessarily high’
(DBN)

____________

Australia:

The ugly story of Dick Smith, from float to failure
(DBN)

____________

Mexico:

Jones Day Team Handles Debt Restructuring for Mexican Copper Company
(DBN)

____________

India:

Tycoon Mallya denies 'fleeing' India, Delhi left red-faced over exit King of Good Times is having a Bad Time and wants you to know about it
(DBN)

Kingfisher saga: a poster child that highlights the problem of NPAs
(DBN)

____________

Australia:

Australian retailers 'facing collapse'
(DBN)

Palmer's Queensland Nickel wins lifeline in govt approval
(DBN)

____________

China:

The Coming Of China's Subprime Crisis
(DBN)

____________

Germany:

Number of German company failures falls to record low
(DBN)

____________

 


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