Law:
Dynamite First Quarter for Law Firms, But Volatile ‘Headwinds’ Increasing • Law firm revenues rose nearly 6 percent in the first quarter, but the good news may not last • Revenues and hourly rates both up at US firms
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In Bankruptcy, Flat Is Fine - Median rates at large firms ran $595 per hour
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Top hourly rates for some BigLaw partners have reached $2K, survey finds
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The Looming Law Firm Disruption
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66 Year Old Law Firm Bankruptcy Partner/Lifeguard Wins Age Discrimination Appeal Challenging Requirement That Swim Test Be Taken Wearing A Speedo
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Bankruptcy Court Misconduct Draws Reciprocal Disbarment
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George Mason Law Profs Strike Back at Opponents of Renaming School • Faculty Really Excited About Worst Name Change Ever
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Minnesota Law School, Facing Waning Interest, Cuts Admissions
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What I Did During Summer Vacation: A Saga Of The Law School Applicant
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Quote of the Day: Seymour Hersh on Law School
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Law Schools With The Best Salary-To-Debt Ratios
(DBN)
Administration Of Law School Final Exam Is Compromised
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Law Firm Hires AI ‘Digital Bankruptcy Lawyer’ • A Major Law Firm Will Soon Be Using A Robotic Lawyer • Law Firm Hires the First Robotic Legal Assistant • Meet 'Ross,' the newly hired legal robot
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Litigation Financing Attracts New Set of Investors
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Bryan Garner’s 3 Neglected Keys To Effective Advocacy
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Law Firms Get No Respect, Historically Speaking
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The Pink Ghetto: Highly Sexualized Career Advice For Women
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Fund paid out record $12.3M to clients of dishonest New York attorneys in 2015
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The allure and travails of bankruptcy work
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Sheriff Joe Arpaio of Arizona Found in Contempt of Court • Arizona Sheriff Joe Arpaio's Contempt of Court
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Murders Are Up in Many U.S. Cities Again This Year
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George Zimmerman Gun Auction Hijacked by Apparently Fake Bids
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Combatant Gentlemen: Menswear for ‘ballers on a budget’
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California State Bar Criticized for Lack of Transparency, Inflated Salaries
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Did You Notice Jeopardy! Had A ‘Law Firms’ Category?
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Test Case: Can A Silent Meditation Retreat Help Me ‘Erase The Ego’?
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George Zimmerman: A Heinous American
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The number of wrongfully convicted prisoners being exonerated is skyrocketing
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“If You’re Innocent You’ll Go To Heaven: Judge Sentences Man To Hang After A Two Minute Trial
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Judges:
BK ND IL: Bankruptcy Court Liaison Committee Newsletter - Spring 2016
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BK ED WI: Bankruptcy Judge Position
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In 4-4 split, Supreme Court refuses to overturn execution stay based on inmate’s dementia
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Why, when it comes to justices, nine are better than eight
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Decision Time Arrives for Controversy-Shy U.S. Supreme Court
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Judge Garland Deserves a Hearing • The Senate Doesn't Have to Act on Merrick
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Grassley's court maneuver threatens his legacy, reputation
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Scalia Provided Example of How Not to Practice
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News Coverage Prompts Federal Judge's Recusal in Lending Case
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Wall Street:
Wall Street set to struggle as downbeat China data overshadows oil’s rise
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Stocks Close Firmly Negative Amid Interest Rate Worries
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Layoffs:
America's top 10 job-killing companies
(DBN)
Wendy's Will Move to Self Serving Kiosks
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Canadian energy company to lay off 155 Colorado workers
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National and State by State Unemployment Rates
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Animated Map of Unemployment
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Coal:
Pay for performance? Coal CEOs get bonuses as companies lose billions
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This could be the last mine - Colorado clean coal in decline
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Coal industry staggered by collapse in demand • What is killing coal ?
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Alpha Natural Resources says its creditors only party to submit qualified bid
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Coal ’s decline delivers widespread damage in WV
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Environmentalist is reportedly trying to buy Alpha Natural Resources' coal mines
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Politics:
Trump’s Money Games • Scourge, not savior - What small-businesses owners might wish to know about Mr Trump • Donald Trump Says Tax Rate ‘None of Your Business’ • Donald Trump Goes His Own Way With Vladimir Putin • Street Mural Goes Viral • Donald Trump Attacks Amazon CEO Jeff Bezos • Donald Trump’s Plans Don’t Add Up. Do Voters Care? • Mr. Trump Goes to Washington •Why a Deal-Making Trump Might Raise the Odds of a Federal Minimum Wage Increase • Don’t believe what Donald Trump says: He won’t raise minimum wage • Donald Trump Campaign Disavows Longtime Butler’s Call for President Obama to Be Killed • A man or a movement? Answer on Trump baffles GOP •'Self-funded' until now, Trump gets ready to solicit big donors • Donald Trump's Self-Funding Lie • Trump Campaign Could Use New Donations to Pay Donald Trump $36M for Loan • Donald Trump’s Income Shows Full Self-Funding of Campaign Would Have Been a Stretch• Adelson Pledges Up to $100M for Trump • Sarah Palin is on Trump’s short list for vice president • How has Donald Trump treated women?• Here are 6 investment strategies used by Donald Trump • Trump Just Won’t Tell Republicans He's One of Them • For some Republicans, Trump presents a moral dilemma • My Mea Culpa on Trump Is Different • Frum: The Path to a Trump Presidency • How Did Trump Qualify for This Tax Break?
(DBN)
Trump Calls Elizabeth Warren 'Pocahontas' In Call With NYT Columnist
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History Is Repeating the Election of 1816
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What Atlantic City Casino Workers Know About the Trump Brand
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Paul Ryan's Party-Unity Goal Faces Some Obstacles
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Hillary Clinton Holds $100,000-a-Head Fundraisers • Why millionaires like Clinton and Sanders better than Trump • Pelosi Still Won't Endorse Hillary Clinton
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When All Economics Is Political
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In an election dominated by misogyny, a Clinton-Warren ticket might just work • Mark Cuban offers himself up as Hillary Clinton's running mate, because, why not?
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Alternative Energy:
TerraForm Global Feels Heat From Lenders
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Appaloosa Reports Stake in Second SunEdison Yieldco
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The YieldCo Boom and Bust: The Consequences of Greed and a Return to Normalcy
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Autos:
Norway's wealth fund to sue Volkswagen over emissions scandal
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Hawaii Sues Takata, Alleging Cover-Up of Airbag Defect
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Banking:
Bank of America's Moynihan on bad loans, M&A
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Fraud:
Meet the New York hotshots exposed in the Panama Papers
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Panama Government Minister Points Finger at Switzerland
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Nearly 500 New Yorkers’ offshore accounts exposed by Panama Papers
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Gambling:
Caesars Said Mulling Sale of Interactive Unit for $4 Billion
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Pensions:
Uncertainty clouds the outlook for pension funds
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Alternative Finance:
What happens if Lending Club goes out of business?
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Electricity:
Florida’s NextEra rekindles interest in buying Oncor as Hunt family awaits PUC decision • NextEra renews Oncor pursuit after Hunt's acquisition bid falters
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Radio:
iHeartMedia adds restructuring advisory firm to deal with debt load
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Debt Collection:
U.S. District Court in New York Grants Debt Collector Motion to Certify Important FDCPA Issue for Interlocutory Appeal
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Student Debt:
Student Debt Is Eating Into the Household Budget
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The United States of Indebted Students
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President Obama's Horrible, Terrible Legacy On Student Loans
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Tech:
Who Owns Your Data if Tech Bubble Bursts?
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Economy:
American Capitalism’s Great Crisis
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The American economy's big problem: we don't have enough companies like Tesla
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The U.S. Manufacturing Sector is Getting Killed • Why US Factory Jobs Have Really Died
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There are almost 5.8 million open jobs out there
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The Skills Schools Aren't Teaching But Must
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It’s the Anti-Uber Job Market and It Still Has a Grip on America
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Hillary Plans to Shake Up the Fed
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America's middle class is hollowing out in many cities • Why America's middle class is disappearing from cities
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Auto and Credit Card Delinquencies Increase in First Quarter
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Strategist: Data isn't perfect, but US isn't in a recession
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How the Next Financial Crisis Will Spread Worldwide
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Here comes the spring rebound for the U.S. economy
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Consumers finally shows signs of life • Strong Retail Sales Don’t Change Many Minds on Fed’s Rate-Hike Pace
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This could be the 'black swan' for the economy
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Americans Break Record for Working Past 65
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Recession Watch: Freight Volume Drops, Worst Level Since 2010
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Consumer Spending Is In The Toilet
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This is the nightmare keeping U.S. executives awake at night
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US Debt Clock
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World Debt Clock
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Economic Indicators Dashboard
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Real Estate:
MBA: Foreclosure starts lowest in 16 years
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Mortgage rates dip to lowest in three years: good news for homebuyers? • Mortgage applications up just 0.4%, despite rates near three-year lows • MBA: Purchase applications drop from strong demands in February, March
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Despite odds, existing-home sales on track to best year in a decade
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Goldman Sachs subsidiary again buys non-performing loans from Fannie Mae
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Finally: $8.5B Countrywide mortgage bond settlement gets green light
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M&T Bank latest to settle FHA-lending violations, will pay $64 million
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Credit score fears run deep in the housing market
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China Has Bought $110Bn 0f US Real Estate
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AR: Developer Brandon Woodrome Accused of $6 Million Loan Fraud
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Here are the 25 cities with the biggest rent hikes
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Retail Sector Thrives Despite Ongoing Retailer Bankruptcies
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Municipalities:
In Puerto Rican Debt Standoff, Proof of the Rising Clout of Minority Holdouts
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Puerto Rico Utility Negotiating as Deadline Lapses on Debt Deal
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The Struggle Continues in Puerto Rico
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Treasury secretary nudges Congress on Puerto Rico debt crisis
(DBN)
Puerto Rico Debt-Restructuring Bill on Track Despite Delays, Lawmaker Says • Puerto Rico debt bill due in 'coming days' -House Speaker Ryan • Republicans miss deadline to help Puerto Rico's $70b debt crisis
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Congress has a constitutional duty to fix Puerto Rico debt crisis
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Robb: No oversight board for Puerto Rico
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Washington can't ask retirees to pay for Puerto Rico's mistakes
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Rhodes: DPS bankruptcy 'not a good option'
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What happened to Detroit Schools? Mismanagement, student losses contribute to decade of failure
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Stile: Atlantic City takeover fight no boon to Sweeney
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Who will blink first in Atlantic City budget crisis?
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Michigan's Snyder under siege over racial impact of distressed city strategy
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Is There Hope for Hartford ?
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Retailing:
Sports Authority Attracts Bids from Liquidators and Competitors • Sports Authority gets underwhelming bids from rival chains
(DBN)
JC Penney sales surprisingly drops • Why J.C. Penney Company, Inc. Stock Dropped 16% in April
(DBN)
Nordstrom is undercutting its status as a high-end retailer • Nordstrom shares tumble on slashed annual outlook, weak 1Q
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Sears Is A Viable Business, According To Warren Buffett
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Retail Sales Trounce Estimates; Is America Back? • Retail Sales Gain Is Fueled by Web
(DBN)
Consumers Want to Spend, Just Not in Your Store
(DBN)
Abercrombie: Pro Forma Results Aren’t Cool
(DBN)
What Does Aeropostale's Bankruptcy Mean for Clothing Retail? • Aeropostale and key supplier MGF Sourcing reach deal to settle feud
(DBN)
Retailers ringing the recession alarm
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Where to hide during retail washout
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Retailers suffer week from hell
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Oil/Gas:
Midstream Gathering Agreements Targeted by Recent Oil & Gas Bankruptcies
(DBN)
Mon.: Oil prices higher, but $50 a barrel proves tough resistance
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Fri.: US crude closes at $46.70, off a 6-month high, as Cushing build worry weighs
(DBN)
Goldman: Oil surplus has come to a ‘sudden halt’
(DBN)
Falling Chinese Demand Could Intensify The Oil War Falling Chinese Demand Could Intensify The Oil War
(DBN)
Oil Bust Has Little Impact on Industry Executive Bonuses
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Oil Drillers Betting Three-Month Crude Rally Is Nearing the End
(DBN)
Slow Rebound In Oil May Trigger Another Bankruptcy Wave
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Global Oil Glut to Shrink Despite Iranian Output Surge, IEA Says
(DBN)
Oil drillers find 10 more rigs to idle • As The U.S. Rig Count Continues To Plunge, Output Follows Suit
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Big Oil piles on debt
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3 key reasons why oil has NOT bottomed yet: Oil analyst Kilduff
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OPEC: Speculators help oil up but oversupply persists • OPEC forecast sees little change in supply, demand • OPEC is dead
(DBN)
Oil On Track To Balance Later This Year
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Magnum Hunter out of bankruptcy
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Breitburn Declares Bankruptcy • Breitburn Energy Partners Commences Chapter 11 Cases • Petition • First Day Pleadings • First Day Dec
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Seventy Seven Energy enters into 2nd amended, restated RSA
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Penn Virginia Corp. files Chapter 11; HQ reportedly may move to Houston
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Penn West Petroleum warns inability to continue as a going concern
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Berry Noteholders Say They’ll Take Over From Linn in Bankruptcy • Placerita Oilfield Owner Files for Chapter 11 Protection; Berry Creditors Vow Fight
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Exco Resources evaluating restructuring and other options
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Singapore's Linc Energy should be liquidated - administrator
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C&J Energy considering bankruptcy , other alternatives
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Transpetco pipeline company files for chapter 11 bankruptcy protection in SD NY
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QR Energy files for chapter 11 bankruptcy protection
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Phoenix production company files for chapter 11 bankruptcy protection in SD NY
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North Dakota oil production falls 9846 B/D in March: state agency
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Insurers Stop Covering Fracking Damage in Oklahoma
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Tunnel Vision Could Ruin Some Oil Investors As Bankruptcies Climb
(DBN)
ELAM: A messy world
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Oil Patch Claims More Victims
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More bankruptcies sweep over hurting industry
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US Energy Bankruptcy Wave Surges Despite Recovering Oil Prices
(DBN)
R&D cutbacks hit Big Oil ’s ability to invest in new technologies
(DBN)
Low prices challenge landowners with oil wells
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Travel:
Feds Promise Action to Fight Long Airport Wait Times • Just a little longer, TSA tells travelers. Are faster lines on the way? • TSA Meltdown: Thousands of Bags Lost While Long Lines Push Passengers To Near Riot
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Compensation:
Banker Pay: Who Makes the Most?
(DBN)
Mark Zuckerberg has made $4 million for every day of his life
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Hedge Funds Faced Choppy Waters in 2015, but Chiefs Cashed In
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Taxis:
Uber Settlement Attacked by Drivers Saying Lawyer Sold Out
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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 (49 new filings today)
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Recent Ch. 11 Adversary Proceeding Filings (19 new filings today)
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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)
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Seminars - (Contact us to list your seminar)
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Bankruptcy Statistics:
Oil slump claims at least 26 publicly traded N. American cos
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Bankruptcy and Default On The Rise
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Miscellaneous:
The Week Ahead
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Preemption:
Court Holds that Bankruptcy Code Pre-Empts State Laws Invoked by Creditors to Avoid LBO Payments
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Avoidance Actions:
Third Circuit Agrees That When it comes to Fraudulent Transfers, There’s No Room for 20/20 Hindsight
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Interest:
Application of Till v. SCS Credit Corp. to Unsecured Creditors
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Receivers:
7 things you should know about the new Missouri Commercial Receivership Act
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Property of the Estate:
Estate Property Encompasses Post-Discharge Consent Decree
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Bankruptcy Remoteness:
Blocking Directors 101: Fiduciary Duties Apply
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Automatic Stay:
Violation of the Automatic Stay Seeking to Enforce Arbitration Award Against Nondebtor: Beware, You May Be on Thin Ice
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Insurance:
Two Things D&O Insurers Regularly Get Wrong
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Distressed Investing:
One Junk Bond Strategy Has Paid Off Big Time This Year
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Fallen angels are hot
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U.S.-based junk, emerging-markets funds post worst outflow since Jan -Lipper
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Investors Bank on India’s Distressed Debt
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High Yield Bond Funds See Another $1.9B Cash Withdrawal
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Distressed Company Watch List
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Religion:
New Leader Takes Helm of Bankrupt Twin Cities Archdiocese
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Mission and school in Thoreau may survive diocese bankruptcy
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Insurer refuses to reimburse settlements over church abuse
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Celebs:
Shockey shares Sapp's bankruptcy papers on social media
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Big Names Lose Money In Death Row Records Bankruptcy Case
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Biotech:
Bankrupt Biotech KineMed Owes More Than $1M To Gates, Others
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Healthcare:
TN: Brentwood-based health care firm files for bankruptcy protection
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Texas Health Resources outbids Methodist Health for bankrupt Fort Worth luxury hospital
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Hospitals Are Biggest Losers in Latest Legal Attack on Obamacare
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Health Care in America: The $629 Band-Aid
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Lehman:
In Memoir, Erin Callan Steps Back From Lehman Legacy
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Shipping:
Hyundai Merchant invites ship owners to Korea for chartering fee talks
(DBN)
Daewoo Shipbuilding to unveil new rescue plan
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Battered Container Industry Tries Airline-Style Alliances
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Shipbuilders to suffer extended slump, cut output capacity
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UK:
Information and consultation in insolvencies – who wins, really?
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EU:
The EU Bail-In Rules - Implications for U.S. Asset-Based Lenders
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PIIGS:
Greek Bailout Deal Must Have Concrete Debt Relief, State Minister Says • The ugly truth behind the Greece bailout • Greek Economy Contracts Again in First Quarter • Greece: From Brinkmanship to a Muddled Compromise
(DBN)
Eurogroup likely to release next tranche of loan to Greece on May 24
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Greek minister: Don't worry about our next debt payment
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Battle Brews in Spain, Portugal Over Negative Rates
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Isolux Said to Consider Proposal to Swap 70% of Debt for Equity
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Calling Time on Europe’s Austerity Wars
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Abengoa posts net loss as restructuring gets underway
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Canada:
Province had no warning Goodwill Toronto was about to go bankrupt
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India:
Skeletons in the closet: India bad loans getting messier • Investors Bank on India’s Distressed Debt • India has its own Chapter Eleven • Bankruptcy and after • Debt and Redemption; Bankruptcy Bill decoded • Insolvency code raises hopes for accountants •Markets snap two-week losses on bankruptcy bill cheer • USIBC Hails the Passage of Indian Insolvency and Bankruptcy Code • Strengthening the Bankruptcy Code in India: Hit or Miss? • Bankruptcy code in place, but two related laws yet to be amended • NPAs a creation of business cycles, courts can't resolve these, says Jaitley • Bankruptcy law: State - 1; market - 0
(DBN)
Stressed asset sales soar
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Vijay Mallya tells UB board he has every intention of repaying loans
(DBN)
Bank With 629 Willful Defaulters Has India’s Highest Bad Loans
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SunEdison bankruptcy to impact India most
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China:
Chinese Indicators Lag Behind Expectations, Show Economy Struggles
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China debtor calls on central bank to provide debt guarantee
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China's 'zombie' steel firms are coming back from the dead • China steel mills fire up as prices flare
(DBN)
China April Slowdown Shows Debt Addiction Will Be Tough to Shake
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China’s Economy Grinds Down a Gear as Heavy Industry Drags
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China Green Energy Firms Have Record Debt Due as Yingli Defaults
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China Decides Debt Can Be Dangerous
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Venezuela:
Venezuela's Maduro threatens to jail factory owners • Venezuela's State of Emergency • Venezuela looters target chicken, flour amid worsening shortages • Venezuelan Economy Czar Says More Import Cuts Coming to Pay Debt
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US: Venezuela Could Fail Completely
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Germany:
Negative interest rates ‘poison’ German pension funds
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MENA:
Moody's Cuts Saudi Arabia, Bahrain Ratings
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Saudi Arabia is facing a moment of truth
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Romania:
Romania recovers almost nothing from insolvent companies
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Australia:
$900m Bell blow for State Govt
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Law changes could 'Incentivize' bankruptcy
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Atlas Scheme Shows The way Forward: Federal Court Approves Creditors' Scheme Which Deals With Class Action Risk.
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