May 13, 2016

The Daily Bankruptcy News

View prior editions: Click Here
View prior case summaries: Click Here
Search prior headlines: Click Here
Search prior case summaries: Click Here

3-Column Formating

 

Law:

A law firm has hired an AI “lawyer” to cut through the drudgery of bankruptcy law BakerHostetler Hires A.I. Lawyer, Ushers In The Legal Apocalypse Robot lawyer scores first firm job The future of the legal system: Artificial intelligence
(DBN)

Ballard Spahr Expands Los Angeles Office with New Real Estate Bankruptcy Partners
(DBN)

Kirkland's Quest for All the Energy Bankruptcies Continues
(DBN)

Citi Report: Law Firm Revenues Surged in First Quarter Law Firm Revenues and Hourly Rates Surging
(DBN)

Billing $2K an Hour? Study Says Clients Will Pay If Lawyers Deliver
(DBN)

Layoff Watch: Biglaw Firm To Slash Up To 200 Jobs — And Possibly More DLA Piper says UK staff cuts won’t be repeated in US DLA Piper - Announced/Unannounced Layoffs
(DBN)

Reinventing The Law Business: 2 Ethical Traps For Even The Wary
(DBN)

These Law Departments Do It Better, Faster, Cheaper
(DBN)

Urban Confessional Project - Can it save lawyers' lives?
(DBN)

Would you be sent home from a law firm for refusing to wear high heels?
(DBN)

Dickstein Shapiro Skirts NYC Office Lawsuit
(DBN)

Huge pay rises at Freshfields
(DBN)

George Mason Law Faculty Unanimously Supports Naming Law School After Justice Scalia For $30 Million
(DBN)

The Small Uptick In The Quantity And Quality Of The Law School Class Of 2019
(DBN)

Panama Papers bubble chart shows lawyers are among most mentioned in document leak database
(DBN)

Ex-Bryan Cave associate gets probation in partner death threat
(DBN)

Nearly 500 startup companies offer tech solutions to legal industry
(DBN)

Overcoming fixedness: How thinking ‘inside the box’ can drive innovation
(DBN)

If You're Not at the Table, You're on the Menu
(DBN)

Law Firms Look for Lessons and Clients in Panama Papers Leak
(DBN)

One Trick That In-House Lawyers Can Use To Improve Team Morale
(DBN)

Abe Lincoln On Why Law Firm Partnership Ain’t All It’s Cracked Up To Be
(DBN)

‘The Real Job’ Of Working In A Small Law Firm
(DBN)

Law Students Suffer From High Rates Of Depression And Binge Drinking
(DBN)

Baker & McKenzie lawyer resigns after harassment investigation
(DBN)

How Much Would You Pay For The Very Best Lawyer?
(DBN)

Professional Hairstyles: Do Ponytails Count?
(DBN)

A master networker explains how a Wharton professor inspired him to change the way he formed relationships
(DBN)

George Zimmerman tried to auction off the gun he used to kill George Zimmerman Exists To Reveal The Ultimate Futility Of Society’s Laws Trayvon Martin. Really. Gun that killed Trayvon Martin being sold to fund anti-Clinton campaign GunBroker.com Shuts Down George Zimmerman's Auction Zimmerman re-lists Trayvon Martin gun at auction after first post removed
(DBN)

'Affluenza' teen loses appeal — will spend nearly 2 years in jail
(DBN)

Lawyer fined for telling woman to dance "c----- to c-----"
(DBN)

State and county to pay $4.1M to innocent couple listed for years on abuse registry
(DBN)

Know what IP stands for? Then you’re ahead of a ‘Jeopardy’ contestant in recent show focused on law
(DBN)

Lawyer with reality star wife will have to produce net worth documents
(DBN)

When (Fictional) Lawyers Go Evil
(DBN)

Insider: Saudis Supported 9/11 Hijackers FBI Has 80,000 Secret Files on Saudis and 9/11
(DBN)

Firm offers private jet service
(DBN)

______________

Judges:

Reprimand and apology sought from judge who emailed public defenders, insulted prosecutor
(DBN)

9th Circuit removes judge who slashed attorney fees from BarBri antitrust class action
(DBN)

Defendant alleges he used drugs with federal judge’s relatives; 6th Circuit tosses judge from case
(DBN)

Consequences of an Eight-Member Supreme Court, So Far
(DBN)

Judge May Have Traded Sentences for Sex
(DBN)

______________

Wall Street:

US Stock Futures Pare Losses After Retail Sales
(DBN)

Stocks close mostly lower with Apple at lowest since 2014
(DBN)

Pressure builds for U.S. stocks as oil falls, retail sales loom
(DBN)

Banks lose $300 million in fees as broken deals set record
(DBN)

Wall Street’s Dealmaking Goes From Boom to Bust in a Few Months
(DBN)

Apple just sent up another red flag for stocks
(DBN)

Jefferies restructuring banker Klein to join Miller Buckfire
(DBN)

______________

Layoffs:

 

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Bankruptcy Crimes:

Louisiana woman indicted in case tied to BP Deepwater Horizon Oil Spill
(DBN)

____________

Economy:

Jobless claims surge to 14-month high of 294000 Analysts blame Verizon strike
(DBN)

Yellen: Fed wouldn’t rule out negative rates
(DBN)

America's middle class is headed toward extinction Shrinking middle class transforming communities nationwide, new study says Middle class shrinks in 9 of 10 US cities as incomes fall In nine US states, middle-income earners are no longer the majority Top 10 Cities Where Middle Class is Vanishing Pew: America’s Shrinking Middle Class
(DBN)

The Middle Class is Shrinking Everywhere
(DBN)

Wages Up, Profits Down: Winners and Losers of Higher Labor Costs
(DBN)

Elizabeth Warren and more than 100 House Democrats blast lack of diversity at the Fed
(DBN)

Banks Keep Lowering Their Forecasts for U.S. Government Bonds
(DBN)

U.S. Import Prices Rose For Second Straight Month in April
(DBN)

Stockman: The next president can't stop a recession
(DBN)

The earnings recession is over
(DBN)

Mauldin: Inflation Vastly Understated
(DBN)

CBO: Either Cut Spending or Raise Taxes
(DBN)

US Debt Clock
(DBN

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

Where to buy a home in the US if you can't afford a big down payment
(DBN)

____________

Municipalities:

Top U.S. Democrat says Puerto Rico bill could come early as Thurs.
(DBN)

Don't let Puerto Rico declare bankruptcy
(DBN)

In Puerto Rican Debt Standoff, Proof of the Rising Clout of Minority Holdouts
(DBN)

Puerto Rico Is Not Pompeii. But ...
(DBN)

What East Cleveland bankruptcy could mean for a Cleveland merger, plus other aspects to consider
(DBN)

Atlantic City Casinos Doing Better Than City Gov’t
(DBN)

____________

Oil/Gas:

Oil at $45 a Barrel Proving No Savior as Bankruptcies Pile Up
(DBN)

Crude oil is near a 6-month high Thurs. AM: Oil Prices Give Up Gains Oil down on Cushing build worry, US crude off six-month high Oil futures turn lower on heightened worry about a boom in Iranian output Oil Prices Slip As Stronger Dollar Outweighs Bullish IEA Data
(DBN)

US decision rattles pipeline owners
(DBN)

Oil is not out of the woods yet: BNP Paribas commodities chief
(DBN)

Natural Gas Ticks Lower as Heavy Stockpiles Weigh on Market
(DBN)

Iran Hits Saudis Where It Hurts
(DBN)

Russia unlikely to take part in June OPEC meeting
(DBN)

Big Oil Gobbles Up Record Debt as Borrowing Costs Decline
(DBN)

Linn Energy Just Filed for Bankruptcy Linn, Penn Virginia Succumb to Bankruptcy Linn Energy seeks bankruptcy protection a year after closing Denver office Linn Energy Bankruptcy : Salvation For Equity Holders? Add Linn Energy and LinnCo to List of Bankrupt Energy Firms Oil Firm in Chapter 11 Despite Rising Prices Linn Energy Joins List of Oil Patch Bankruptcies The rise and fall of Linn Energy
(DBN)

Energy Company Penn Virginia Files For Bankruptcy Amid Oil Slump Penn Virginia, one of region's oldest businesses, files for bankruptcy Penn Virginia Corporation Files Voluntary Chapter 11 Petitions to Facilitate Restructuring With the Overwhelming Support of Its Funded Debt Holders Alvarez & Marsal Named Restructuring Advisor
(DBN)

Energy Sector Hit With Two More Big Bankruptcies
(DBN)

OPEC sees rival oil production declining as markets rebalance
(DBN)

Chesapeake says swapped debt for 4 pct of equity over past week
(DBN)

Oil Bust Blowback: Why Are The Boards Of Directors Still Here?
(DBN)

Enbridge says slowly resumes operations after Canadian wildfire
(DBN)

Obama Gas Rules Set Table For Wide Emissions Cut, If Trump Loses
(DBN)

North Dakota Oil Production Declining, But Slowly
(DBN)

Alberta Oil Camps Set for Staff Invasion as Production Returns
(DBN)

____________

Autos:

VW's emission-cheating scandal could hurt Audi's stunning story in the US
(DBN)

____________

Politics:

Emails Are Likely to Keep Complicating Hillary Clinton’s Campaign
(DBN)

In Break From Tradition, Donald Trump Rules Out Releasing Tax Returns Ahead of Election Donald Trump Meets With Paul Ryan, Other Republican Leaders For some Republicans, Trump presents a moral dilemma Why Trump Looks Eerily Familiar to Germans Donald Trump says he can’t release his tax records because of an audit. Mitt Romney calls b------- Paul Ryan inches yet further toward outright endorsing Trump Joint Trump, Ryan statement says there's 'opportunity' to unite party A Trump adviser's plan for a multitrillion-dollar budget surplus, explained Trump Foreign Policy Spurned by Veteran Republican Baker Donald Trump's former butler calls for Obama's death Trump Just Won’t Tell Republicans He's One of Them
(DBN)

Millionaire voters back Hillary over Trump When Donald Trump Lavished Praise on Hillary Clinton List: Every Horrible Thing Hillary Has Done
(DBN)

Elizabeth Warren Remains A Popular VP Pick — Even For Joe Biden Elizabeth Warren Slams Donald Trump as Unqualified to Be President Over Trump University
(DBN)

Bloomberg: GOP No Longer a Party of Business
(DBN)

Bernie Sanders is making Democrats look stupid
(DBN)

Texas GOP to Debate Secession
(DBN)

____________

Defaults:

S&P: Global Corporate Default Tally Climbs to 62 YTD; 5 Additions this Week
(DBN)

____________

Celebs:

Guess Who Wants to Be a Boy Again?
(DBN)

____________

Golf:

Country Club Members Are Bearing the Brunt of the Golf Recession
(DBN)

____________

New Bankruptcy Opinions
(2 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (18 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)

______________

DIP Finance:

M&A With Too Little "M" Complicates Chapter 11 Financings
(DBN)

____________

Trustees:

Judge Upholds Suspension of Bankruptcy Trustee
(DBN)

____________

Automatic Stay:

Automatic Stay Releases Airplane Hostage and Shoots Down Landlord’s Administrative Expense
(DBN)

____________

Alternative Energy:

Are Subsidies Killing US Solar Companies?
(DBN)

SunEdison Yieldco Hit With Default Notice Over Late Financials
(DBN)

SunEdison CFO asked to leave
(DBN)

TerraForm Global’s Bondholders Issue Default Warning to Company
(DBN)

____________

Construction:

Recipe for a Project Bankruptcy: The Owner in Bankruptcy Through The Lens of the Construction Manager
(DBN)

____________

Retailing:

Retail recession? Why Kohl's miss was so huge
(DBN)

Nordstrom Shares Tumble on Slashed Annual Outlook, Weak 1Q Nordstrom falls 17% to 1-year low amid declining revenues, lower outlook
(DBN)

Kohl's, Nordstrom results deepen retail jitters
(DBN)

1 in 3 American malls are doomed: Retail consultant Jan Kniffen
(DBN)

Target CEO fires back at boycott threats
(DBN)

Retail wreck: See how retail stocks are reacting to disappointing sales
(DBN)

Bankrupt Aéropostale, Clothing Supplier Reach Settlement
(DBN)

____________

Education:

Education Management Corp. Seeks to Reverse Ruling Protecting Minority Bondholders
(DBN)

____________

Coal:

Arch Coal Plan Trims Unsecured Recoveries, but co. Sees More Talks
(DBN)

____________

Student Debt:

Student debt isn’t delaying millennials from buying homes
(DBN)

Elizabeth Warren presses the Education Department to rein in Navient Elizabeth Warren Nails the Difference Between Democrats and Republicans on Student Debt
(DBN)

____________

Sovereigns:

Oaktree’s Venezuela Bet Spurs Long-Running Dispute
(DBN)

____________

UK:

FTSE 100 erases gains to end lower as oil retreats
(DBN)

These 5 charts show why the Bank of England is so scared of Brexit
(DBN)

IMF says Brexit would lead to cycle of weak growth, hit house and share prices IMF confirms view 'Brexit' is major economic threat
(DBN)

All aboard the insolvency express
(DBN)

____________

PIIGS:

Greece's Creditors Disagree Over Ways to Ease Debt
(DBN)

Italy Growth Lags Below Euro-Area Average, With Record Debt
(DBN)

____________

India:

Solving India's Insolvency Mess Bankruptcy Code: Banks to gain, but not immediately Sensex up 193 points as investors nod bankruptcy bill India passes bankruptcy law in long-awaited reform Bankruptcy Code: Hard work begins now What does the Insolvency and Bankruptcy Code 2016 do? Why India's new bankruptcy law is good for businesses Bankruptcy bill as "game-changer" in reforms
(DBN)

Why Mallya must declare bankruptcy
(DBN)

India's bad loans could be more than New Zealand's $170 bn economy Skeletons in the closet: India bad loans getting messier
(DBN)

____________

Brazil:

Brazilian President Rousseff’s Downfall Was Years In the Making Dilma Rousseff’s impeachment: 11 facts about Brazil’s political crisis 3 revealing myths about Brazil's crisis
(DBN)

____________

Hong Kong:

Hong Kong economy shrinks in 1Q on global economic weakness
(DBN)

____________

Australia:

Corporate and Business Rescue in Australia: Insolvency Law Reform Process Continues
(DBN)

____________

Venezuela:

Venezuela is Falling Apart
(DBN)

____________

Brazil:

Brazil's Gol CEO says restructuring offer 'not negotiable'
(DBN)

____________

 


The Daily Bankruptcy News is primarily a curated news link gathering service.   Most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subscription fee is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use. If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid service subscription. These links are currently marked with a "DBN" notation. The cost of a subscription is $62/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links.

New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase.

Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested. There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear. You do not need to type anything in the body of the email message. Note that the email asking for removal must be sent from the same email address which is on our distribution list. If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

If receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list.

Press Releases/News Tips
Please send press releases and news tips to admin@bkinformation.com

Contact Us
The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C. You can reach us at 281-402-3957 or at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries). Our mailing address is 935 Eldridge Road, No. 350, Sugar Land, Texas 77478.

Copyright 2016