May 17, 2016

The Daily Bankruptcy News

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Law:

Associate Bonus Watch: Norton Rose’s New Compensation Scheme Smells Sweet To Associates
(DBN)

Coming and Going Concerns - The latest bankruptcy professional moves
(DBN)

King & Spalding Adds Bankruptcy Partner With Focus on Financially Distressed Municipalities
(DBN)

Meet ‘Ross,’ the newly hired bankruptcy law robot Real Lawyers v. Cyborgs The tech start-up planning to shake up the legal world
(DBN)

Ex-Dewey Attorney Leaves DLA Piper for New Venture
(DBN)

Bankruptcy Lawyer: Lawyers: Who Do You Think You Are?
(DBN)

‘Working Here is Psychological Torture’: Law Firm Sues Over Anonymous Comments
(DBN)

After a Half Century in the Legal Industry, Law Firm Mergers Are Just As Hard
(DBN)

Big Law CEO on His Rise to the Throne, NY Roots and the Dentons Hotel
(DBN)

‘You’re Not My Family Doctor,’ GC Tells Law Firms
(DBN)

Morgan Lewis Straddles the Trump-Hillary Divide
(DBN)

The Debate Over Non-Lawyer Firm Ownership Is Officially Closed, For Now
(DBN)

New focus of litigation funding is law firms’ entire portfolios of cases
(DBN)

Clifford Chance Partner Finds the Time to Find the Time
(DBN)

Want something worse than legal bill (or at least less reliable)? Shadow bills.
(DBN)

Brooklyn Street Renamed for Fallen Lawyer
(DBN)

Law Partner Helps Bring Major Art Collection to SFMOMA
(DBN)

The Law Dean Who Became An Undercover Beauty Queen
(DBN)

The Never-Ending Law School Crisis
(DBN)

California’s Friday The 13th Bar Exam Results Were Terrifyingly Bad
(DBN)

State Audit Rips California Bar For Shady Finances, Bloated Salaries
(DBN)

No Law Students Show Up For Graduation
(DBN)

Apple's latest iOS update is killing iPad Pros
(DBN)

Create a PDF of an email on an iPhone 6s
(DBN)

Chinese firm sues Becker & Poliakoff for malpractice after Fashion Mall bankruptcy auction
(DBN)

Trial starts for lawyer accused in managing partner attack; involuntary intoxication asserted
(DBN)

Lawyer who killed client last year is arrested in shooting outside bar
(DBN)

Real Woman Harassed in Walmart Bathroom, Mistaken for Transgender
(DBN)

Court Orders Ms. Town to Desegregate Schools
(DBN)

Early plaintiff in Uber case challenges $100M settlement, says he feels ‘utterly betrayed’ by lawyer Uber Driver First Named to Lead Suit Calls Accord a Sellout
(DBN)

Citing brief error, 6th Circuit OKs $6,800 of $180K fee request
(DBN)

Pastor admits he lied about a Whole Foods incident that caused a public outcry
(DBN)

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Judges:

Without Scalia, Justices Takes Small Steps – or No Steps at All
(DBN)

The Ghost Of Antonin Scalia Felt In Recent Supreme Court Decision
(DBN)

Shorthanded Supreme Court Ducks the Big Questions
(DBN)

Frustrated Democrats plan their own Garland hearing
(DBN)

Justice Thomas: ‘World Has Gone Mad with Political Correctness’
(DBN)

What's on the Docket for the U.S. Supreme Court?
(DBN)

Dallas judge gets extra security after lawyer’s suspicious death
(DBN)

Judge blasts police after security camera contradicts officers’ testimony
(DBN)

Concealed Carry Owner Accidentally Shoots Self, Woman at High School Graduation
(DBN)

‘The White Man’s Burden’: A Frank And Funny Interview With Justice Clarence Thomas
(DBN)

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Wall Street:

U.S. stock futures seesaw as oil rally fades
(DBN)

Stocks enjoy a broad rally as oil prices jump
(DBN)

I went to the biggest Wall Street party of the year and everyone was completely miserable
(DBN)

Uh-Oh: Stocks Fall Under the 50-Day Moving Average
(DBN)

Four Stats that Show the Fear in the Market
(DBN)

Shadow Banks Make Diciest Loans While Wall Street Retains Risk
(DBN)

A Wall Street banker pulled a risky stunt in a meeting with regulators — and for good reason
(DBN)

Wall Street banks see a painful summer for stocks ahead
(DBN)

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Layoffs:

Sanjel lays off 155 Colorado employees, closing downtown office
(DBN)

Offshore Driller Ensco Lays Off 350 Workers in Houston
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Coal:

Wyoming's powerful coal industry facing a downturn
(DBN)

Protest showdown looms at Casper hearing on coal leasing
(DBN)

What the U.S. can learn from European coal miners’ second act
(DBN)

Coal spot prices hold steady, but remain low
(DBN)

Why Hillary Clinton’s coal gaffe shouldn’t be a big deal
(DBN)

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Personal Finance:

Five myths about emergency funds
(DBN)

____________

Healthcare:

Health Diagnostic Laboratory Patients Face Bills Years After Blood Work
(DBN)

WY: Powell hospital files for bankruptcy to deal with lawsuits
(DBN)

Health insurers quit unprofitable markets
(DBN)

Poll: Most Now Want Universal Healthcare
(DBN)

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Taxis:

Derailed by Uber, Deposed New York Taxi King Gets Sued In Chicago
(DBN)

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Student Debt:

More Parents Expect to Help Children with College Loans
(DBN)

U.S. Grads Held Back by Debt
(DBN)

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Debt Collection:

Law firms hired by Ohio didn’t violate federal debt collection law via letterhead, SCOTUS rules
(DBN)

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Travel:

If You Fly, Get a TSA PreCheck Number
(DBN)

This is the one thing you should never do with your boarding pass
(DBN)

TSA Blames Fliers for Long Wait in Line
(DBN)

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Economy:

Empire State index weakens sharply in May
(DBN)

Treasury yields lifted by oil surge, Fed rate-hike expectations
(DBN)

Political meddling with the Fed won’t make it magically fix unemployment
(DBN)

Why Hillary wants Bill to run the US economy Two Questions for Clinton About the Fed
(DBN)

A closer look at Donald Trump's comments about refinancing U.S. debt Donald Trump Might Be Right About Defaulting on Debt Memo to Trump: U.S. Debt 'Shall Not Be Questioned'
(DBN)

Bank Of America: 'We are living in the midst of the most remarkable demographic transition in history'
(DBN)

What Can Donald Trump Teach Us About the National Debt?
(DBN)

The way companies are acting is eerily similar to the financial crisis
(DBN)

This key recession signal is broken
(DBN)

Here are the 17 countries that hold the most US debt
(DBN)

Most US stock investors don't pay taxes on gains: Report
(DBN)

US Debt Dump Deepens in 2016
(DBN)

US Debt Clock
(DBN

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Homebuilder sentiment unchanged for 4 months
(DBN)

The hidden costs and trade-offs of buying a house
(DBN)

Cumberland County modular home builder files for bankruptcy
(DBN)

FHFA: More than 3.4 million homeowners used HARP
(DBN)

FBI accused of planting hidden microphones around SF Bay Area to nab real estate investors
(DBN)

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Municipalities:

As crisis deepens, Puerto Rico's statehood status increasingly subject of debate
(DBN)

Puerto Rico Says Revenue Gains Larger Than Revised Forecast
(DBN)

Bernie Sanders: Puerto Rico could leave the U.S. Sanders wants the Fed to bail out Puerto Rico
(DBN)

San Jose Reduces Pension Reform to Attract Police
(DBN)

Rhodes meeting Wednesday with DPS board to be open
(DBN)

Atlantic City Bondholders Anticipate Losses Even With Takeover
(DBN)

Ex-mayor of Harrisburg gets 305 charges dropped
(DBN)

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Oil/Gas:

SandRidge Energy Files For Bankruptcy SandRidge Energy Files for Bankruptcy Protection Examining Sandridge Energy's Bankruptcy Petition First Day Motions First Day Dec
(DBN)

In re Sabine Oil and Gas: Final Ruling Issued Authorizing Rejection of Gas-Gathering Agreements
(DBN)

Ropes & Gray Seeks $10.9M in Fees in Sabine Oil Bankruptcy
(DBN)

U.S. Rig Numbers Say Growth Can't Keep On Truckin'
(DBN)

Using Letters of Credit as a Credit Enhancement Tool
(DBN)

Wells Fargo to Agent Breitburn Energy’s $75MM DIP Loan Los Angeles-Based Breitburn Energy Enters Bankruptcy Breitburn Energy Partners files for Chapter 11 What Led to Breitburn Energy’s Bankruptcy ? Breitburn Energy Files Chapter 11 with $150M DIP Loan in Hand
(DBN)

U.S. Oil Prices Settle at 2016 High
(DBN)

Bankruptcy in the oil patch
(DBN)

Drillers will be the last companies to recover in the oilfield: Moody's
(DBN)

Oil drillers adding hedges as crude closes in on $50 a barrel
(DBN)

Why Jim Chanos is Shorting the Oil Majors Why Big Oil Companies Have Already Become Dinosaurs Can Big Oil Survive At Today’s Prices? Can Big Oil Survive At Today’s Prices?
(DBN)

EIA: US Shale Output to Dip for Eighth Consecutive Month
(DBN)

The Energy Companies for Which Oil Rebound Came Too Late
(DBN)

SandRidge, Breitburn join wave of energy bankruptcy filings SandRidge is unlikely to be last energy company to file for bankruptcy With SandRidge Bankruptcy , Energy Defaults 'Mushrooming'
(DBN)

Linn Energy, Breitburn Could Be Tip of Iceberg for MLP Bankruptcies
(DBN)

Venoco Restructuring Highlights Unusual Oil Well
(DBN)

Connacher files for CCAA as Penn West Petroleum Ltd. warns it could default by end of June
(DBN)

Penn West Could Default On Financial Covenants Penn West Says May Not Survive If It Can't Amend Borrowing Terms Penn West seeks to ease debt terms as it scrambles to avoid default
(DBN)

Linn bankruptcy just the halfway point, experts say Why Linn Energy Was The Wrong Kind Of MLP
(DBN)

Linn Energy roundtable discussion digs into cash collateral issues, pre-petition financing moves
(DBN)

First Day Hearing in Bankruptcy Filings of Penn Virginia
(DBN)

C&J Energy Finally Implodes
(DBN)

QR Energy files for chapter 11 bankruptcy protection
(DBN)

SandRidge Energy files for bankruptcy with $4.1B in debt
(DBN)

Exco mulls options, including Chapter 11
(DBN)

Bankruptcies in the Energy Sector: Past, Present and Future
(DBN)

Mon. AM: Oil Rises as Goldman Sachs Sees Supply Shortfall This chart shows why Goldman Sachs just u-turned on its outlook for oil The oil market is rebalancing a lot faster than anyone expected
(DBN)

Tues.: Oil prices take a breather after hitting 2016 high 2 Factors That Could Stop Oil Rally Fast The Oil Glut Will Continue Oil Price Spike Is Not As Far Away As Many Think
(DBN)

Where Oil Prices Go From Here
(DBN)

As Moody Downgrades Saudi Arabia, Kuwait Calls For Freeze
(DBN)

In Memos, Law Firms Tell Fossil Fuel Industry Clients They Could Be Next in "ExxonKnew" Probe
(DBN)

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Retailing:

Broncos try to block sale of Sports Authority's sponsorship deal
(DBN)

Sportscastle owners planning for a future without Sports Authority
(DBN)

Aeropostale Bankruptcy Highlights Challenges for Retailers Seeking to Reorganize
(DBN)

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Alternative Energy:

Are Subsidies Killing US Solar Companies?
(DBN)

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Education:

A Vermont college with ties to Bernie Sanders' wife is shutting down, but it didn't tell its students at commencement
(DBN)

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Directories:

Dex Media, SuperMedia file for bankruptcy for third time Dex Media Files Prepackaged Plan of Reorganization Petition First Day Dec Disclosure Statement
(DBN)

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Metals:

Constellation, subsidiaries implement debt restructuring via voluntary chapter 11 filing
(DBN)

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Politics:

Breitbart's Anti-Semitic Attack on Bill Kristol
(DBN)

The Entrepreneur’s Case for Trump How Trump’s Escapades With Women Are Helping Rebrand The GOP King Of Debt Seeks Presidency Trump On UK's Cameron: 'It Looks Like We're Not Going to Have a Very Good Relationship' Ben Carson spilled the beans on Donald Trump's possible vice presidential picks Former CIA Director: Why I won't vote for Donald Trump RNC Chair Reince Priebus is having trouble defending Trump's controversies Trump to Obama: Dumb Is Good, Actually
(DBN)

Who supports Donald Trump? The new Republican center of gravity
(DBN)

'Run, Bernie, Run': Trump keeps imploring Bernie Sanders to mount a third-party bid for president Sanders Revolt Puts Democrats on Notice
(DBN)

Hillary Clinton Says She’d Expect Bill Clinton to Help Fix the Economy
(DBN)

White House: Obama’s Commencement Remarks Not Aimed Just at Trump
(DBN)

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New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (72 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (10 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)

______________

Settlements:

Make Me a Tender Offer! EFH Settlement Gets Third Circuit Approval
(DBN)

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Discharge:

SCOTUS Justices Reverse 5th Circ. Bankruptcy Decision
(DBN)

Fraud is Broad: SCOTUS Declines to Accept Narrow Interpretation of “Actual Fraud” in 11 U.S.C. § 532(a)(2)(A)
(DBN)

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Avoidance Actions:

Third Circuit Agrees That When it comes to Fraudulent Transfers, There’s No Room for 20/20 Hindsight
(DBN)

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Unexpired Leases:

Fifth Circuit Holds That Assumption of a Real Property Lease Is Effective Upon Entry of an Agreed Order
(DBN)

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Bankruptcy Remoteness:

Down with “Bankruptcy Remote Vehicles”
(DBN)

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TIA:

Developments Regarding Section 316(b) of the Trust Indenture Act
(DBN)

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Standing:

U.S. Supreme Court: To Establish Standing, Statutory Claimant Must Allege “Concrete” Injury
(DBN)

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Professional Compensation:

ASARCO’s Revenge: Do Estate Professionals Now Have to Charge the Same Fees to an Estate or Committee that They Would Charge a Similar Client in an Out-of-Court Matter?
(DBN)

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Distressed Investing:

Pimco Seeks a Splash in a Distressed Pool
(DBN)

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Celebs:

50 Cent Reportedly Now More Than $36 Million In Debt
(DBN)

NFL players go to business school to prepare for life after football
(DBN)

____________

Radio:

IHeartMedia Discloses Negotiation Details as Trial Begins IHeartMedia fights investors in court on possible debt default iHeart frustrates creditors with greedy offer
(DBN)

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Fraud:

Investors Win at U.S. Supreme Court on Securities-Fraud Suit Sites
(DBN)

Prosecutors claim a Philadelphia congressman orchestrated a series of frauds
(DBN)

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Alternative Finance:

The posterchild of online lending is in a life-threatening crisis
(DBN)

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Gambling:

Caesars Bondholders Ready Lawsuit, Citing Examiner’s Report
(DBN)

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UK:

HSBC is cutting 850 jobs across the UK
(DBN)

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EU:

Pain and Recovery in Southern Europe
(DBN)

The ECB Is Finding There's a New Zero-Lower Bound for Rates
(DBN)

Pain and Recovery in Southern Europe
(DBN)

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PIIGS:

Greek parliament to vote on bailout reforms on Sunday
(DBN)

IMF Wants Eurozone Debt Relief for Greece Until 2040
(DBN)

Why the IMF must walk away from Greece
(DBN)

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Canada:

Maudore Makes an Assignment of its Property Under the Bankruptcy and Insolvency Act
(DBN)

TD, Scotiabank, CIBC Among Lenders Owed $53 Million by Urbancorp
(DBN)

Connacher Oil and Gas Seeks Protection Under CCAA
(DBN)

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China:

‘Elusive Risks’ Cited as Chinese Banks Blur Lines
(DBN)

China’s debt bubble is getting only more dangerous
(DBN)

PBOC starts probe to true size of non-performing loans
(DBN)

Can China Shake Its Debt Addiction?
(DBN)

China's Oil Industry Is Faltering, Production Falls 5%
(DBN)

Default Blame Game Shifts as China Regulator Probes Underwriters
(DBN)

China Shipbuilder Evergreen Defaults on Bond Amid Cash Shortage
(DBN)

China is slowing down a lot faster than anyone expected
(DBN)

There is one very worrying sign for China's future
(DBN)

This awesome infographic estimates the size of China's massive debt bomb
(DBN)

Spread the Blame, China
(DBN)

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MENA:

Saudi Arabia’s bold and risky vision to diversify the economy
(DBN)

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Russia:

Morgan Stanley: Things are only going to get worse for Russia's battered economy
(DBN)

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India:

What does the new Bankruptcy Code promise?
(DBN)

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Mexico:

Mexican Steelmaker Ahmsa Emerges From 17-Year Bankruptcy
(DBN)

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Australia:

Clive Palmer to sue FTI Consulting for $1.2b over QNI Clive Palmer sues administrators
(DBN)

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Brazil:

Oi board approves talks to begin with creditors this week
(DBN)

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Indonesia:

Special Report - Overview Of Indonesia's Insolvency And Restructuring Regime.
(DBN)

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