May 19, 2016

The Daily Bankruptcy News

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Law:

Why Big Law Should Fear the $350M Sex Bias Suit Against KPMG
(DBN)

Why Aren’t More Women Being Promoted To Partner In Law Firms?
(DBN)

Can We Stop the Mommy Anxiety Nonsense
(DBN)

Too Many Lawyers? Report Faults Firms for Resisting Layoffs 80% of BigLaw firms say their nonequity partners aren’t busy enough; will their ranks be trimmed?
(DBN)

As Law School Enrollments Drop, Decline In Legal Jobs Keeps Law Grads Struggling To Find Work
(DBN)

Norton Rose to axe 170 business services jobs in London
(DBN)

This Big Law CEO Says Summer Associate Classes Are Here to Stay
(DBN)

DLA Piper Is In the Movie Business?
(DBN)

Ex-Weil Bankruptcy Partner Opens Butler Snow Office In TX
(DBN)

Atlanta: 2016 Firm Financials: The Numbers Are In
(DBN)

Review: TrialPad -- present evidence from your iPad
(DBN)

The 20 Law Schools With The Most Unemployed Graduates
(DBN)

Law Grad Employment Rates Up, But Class Size Is Smaller
(DBN)

Obama Gets a Law Firm Offer
(DBN)

Want A Job? Start Using Social Media
(DBN)

I worked as a barista and a paralegal — and both my bosses broke the law in the same way
(DBN)

NewLaw: The Quiet Revolution
(DBN)

Silent Generation/Baby Boomer Lawyers Won't Retire - It Probably Is Their Only Network
(DBN)

After Slow Start, M&A Lawyers Are Optimistic About Second Half of 2016
(DBN)

Hell Yeah, You Can B---- on the Job!
(DBN)

Back In The Race: 5 Reasons Why It Is So Hard To Find A Job (And It’s Not Your Fault)
(DBN)

In Bid to Become a 'Category Killer,' Hinshaw Makes Changes
(DBN)

Will Law Firms Be Disrupted By High-End Temping Gigs?
(DBN)

Lawyers on Demand Ramps Up Growth
(DBN)

Lawyer steps aside from representing controversial litigator in his personal bankruptcy
(DBN)

Shirking from home: the flexible working myth Agile working report: The co-working craze
(DBN)

The blind attorney who drove himself into bankruptcy defending accused terrorists
(DBN)

117 million stolen LinkedIn emails and passwords are up for sale
(DBN)

I Hate My IPhone
(DBN)

8 Ways Smart People Act Stupid
(DBN)

Six Things A Confident Woman Would Never Do 6 words to eliminate from your vocabulary to sound smarter
(DBN)

Men and the Law Firm Math Problem
(DBN)

What A Law Degree Is Not
(DBN)

David v. Goliath: A Conversation With Jane Kim
(DBN)

Wow, Check Out This Dean’s Vanity License Plates!
(DBN)

The View From Up North: Who Are Canada’s Best Corporate And Litigation Boutiques?
(DBN)

Police shoot knife-wielding man in Midtown Manhattan — one dead, one injured
(DBN)

Federal judge enjoins DC gun law that restricts concealed carry permits to those with ‘good reason’
(DBN)

Mentally ill man arrested for shoplifting $5.05 in snacks died of starvation in jail, lawsuit says
(DBN)

Dallas lawyer who died in mysterious fire could be the victim of a deadly conspiracy
(DBN)

George Zimmerman sells gun used to kill Trayvon Martin to ‘John Smith’ for $138,900
(DBN)

The Logic of Gun Rights Puts Pistols in Pockets
(DBN)

Lawyers try their hand at law-themed poetry, with hilarious results
(DBN)

Suburban Chicago mom gets 4 years for killing disabled daughter
(DBN)

"He exited the passenger seat wearing nothing but what appeared to be an adult diaper"
(DBN)

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Judges:

BK CD CA Judges Seek Feedback
(DBN)

Some see value in split Supreme Court’s minimalist approach to cases
(DBN)

Proof That Eight Supreme Court Justices Is Not Enough
(DBN)

Supreme Court is positioned for lightest caseload in 70 years
(DBN)

Where Is Trump's Supreme Court Shortlist? ‘President’ Trump just released an all-white list of 11 people he’d nominate to the Supreme Court Trump releases his list of Supreme Court picks; five are state supreme court justices Donald Trump’s Supreme Court Shortlist: The Gang Of 11 The Only People Who Care About Donald Trump's List of Potential Supreme Court Nominees Don't Matter Trump Names 11 SCOTUS Picks, Bypassing Big Law
(DBN)

Federal Judge: Judging With One Eye
(DBN)

Hate Crime Suspects Never Expect A Black Judge
(DBN)

Richard Posner Slams 'Stale, Opaque, Confusing Jargon' in Judges' Opinions Q&A: Judge Posner on Writing, Law School and Cat Videos
(DBN)

Supreme Court Bar Admission Has Its Perks
(DBN)

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Wall Street:

U.S. stock futures drop as investors stay wary after hawkish Fed signals
(DBN)

Stocks close off highs after Fed minutes
(DBN)

Goldman Sachs just downgraded stocks all over the world
(DBN)

Big time investors are sick of the tricks companies are playing
(DBN)

Investors in cash near 15-year high as Wall Street braces for shocks
(DBN)

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Layoffs:

Wake Up And Smell The Coffee: Employment Is Over
(DBN)

KCTCS cuts 500 faculty, staff positions
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Coal:

Finding Value In Peabody Energy's Bankruptcy For Investors
(DBN)

Executives Running Collapsing Coal Companies Award Themselves Millions While Laying Off Workers
(DBN)

Feds want to ensure coal companies can clean up land they damage Mine environmental risk grows with bankruptcies in big coal U.S. may curb coal cleanup subsidy: official
(DBN)

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Biotech:

Bankruptcy filing worries developers of nanoparticle cancer drugs
(DBN)

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Alternative Finance:

LendingClub cancels summer intern program as desperation hits Lending Club shares tumble after start of FBI probe LendingClub's travails could cast long shadow on industry
(DBN)

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Autos:

Takata says up to 40M more air bags must be recalled; Hawaii sues on consumers’ behalf
(DBN)

VW's Frustration Over Pace of Inquiry?
(DBN)

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Pharma:

Valeant's Toxic Fire Sale
(DBN)

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Corporate Reform:

Banks Sued Over Manipulation on $9 Trillion Agency-Bond Market
(DBN)

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Awards:

Turnaround Atlas Awards
(DBN)

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Education:

Judge calls Redding charter school’s bankruptcy bid “inappropriate gamesmanship”
(DBN)

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Payroll Processing:

Baltimore: AccuPay owners sentenced to prison in federal court Wednesday
(DBN)

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Pensions:

There's no 'tooth fairy' for pension fund bailout
(DBN)

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Fraud:

Justice Department’s Madoff Fund Inches Closer to Victim Payouts
(DBN)

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Distressed Investing:

Zohar Funds Seek Bankruptcy Probe of Lynn Tilton’s TransCare
(DBN)

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Economy:

Moody's downgrades U.S. 2016 growth forecast to 2% from 2.3%
(DBN)

Consumer Credit Default Rates Reach New Post-Recession Low
(DBN)

Upbeat on Our Finances, Down on the Economy
(DBN)

5 Quick Takeaways from the Fed Minutes U.S. Federal Reserve Meeting Minutes for April 27 The case for a July interest rate hike
(DBN)

Why Slow Wage Growth is Still a Real Worry
(DBN)

Three in 10 U.S. Workers Foresee Working Past Retirement Age
(DBN)

A giant hedge fund used artificial intelligence to analyze Fed minutes here's what it found
(DBN)

Experts say Obama's new overtime rule will benefit 12.5 million US workers With New Overtime Rules, Employers Face Tough Choices Business Groups Furious on New Overtime Rule New Overtime Rules: Millions Could Get Raises
(DBN)

A Socialist Revolution Can Ruin a Country
(DBN)

The force that’s reshaping the global economy has big implications for the US dollar
(DBN)

Trump Bankruptcy Trick is Unconscionable and Possibly Unconstitutional Too -
(DBN)

SEC: Cyber security is the biggest risk to the global financial system
(DBN)

Poverty increasing in developed countries: ILO
(DBN)

Census shows big US cities continue to grow
(DBN)

Auto loans roar to trillion-dollar level
(DBN)

Almost 90 percent of Americans don't know what 'gig economy' is
(DBN)

Surprisingly Few People Use Uber or Lyft
(DBN)

US Debt Clock
(DBN

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Mortgage Priority: And What About Equitable Subrogation?
(DBN)

Share of disposable income going to mortgage debt hits lowest level since 1980
(DBN)

AIA: "Architecture Billings Index Shows Continued Modest Growth"
(DBN)

Ch. 13 Debtor Can Redeem Property Sold in Tax Sale
(DBN)

"Mortgage Applications Decrease in Latest MBA Weekly Survey"
(DBN)

Mall Owners Begin To Feel The Pain Of Brick-And-Mortar Retailers
(DBN)

The future looks bleak for homebuilders in one American region
(DBN)

West-side Orlando apartments land in bankruptcy , again
(DBN)

Top 10 fastest moving housing markets
(DBN)

Want Cheap Rents? Build Expensive Housing, Then Wait
(DBN)

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Municipalities:

Wall Street Sees Year of Progress and Pitfalls in Junked Chicago
(DBN)

Urgency lacking on Puerto Rico debt crisis.
(DBN)

Republicans' Refusal To Help Puerto Rico Could Cost Them
(DBN)

New bill on Puerto Rico debt to be unveiled in U.S. Congress
(DBN)

Ryan strikes Puerto Rico debt deal with Obama administration
(DBN)

State of emergency declared for debt-ridden Puerto Rico highway authority Puerto Rico Halts Toll-Road Revenue Transfer to Save Cash
(DBN)

Rhodes agrees to audit of Detroit Public Schools' funds Rhodes offers few answers to DPS board, but backs audit
(DBN)

Detroit's Population Lowest Since 1850
(DBN)

The 10 best US cities for the class of 2016 to start their lives
(DBN)

These are the 11 fastest-growing cities in America
(DBN)

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Oil/Gas:

Oil Slips After EIA Reports 1.3M Barrel Build Oil Slips After EIA Reports 1.3M Barrel Build Oil Oil prices tumble on dollar strength, jump in U.S. inventories
(DBN)

Shale debt defaults set to reach scale of telecoms crash, Fitch says
(DBN)

Samson Resources files amended Chapter 11 bankruptcy plan
(DBN)

Sandridge Energy, Inc. Files For Bankruptcy in Houston, Texas
(DBN)

Shale Legend Floyd Wilson Strikes Out as Halcon Nears Bankruptcy Halcón inks deal with creditors on prepackaged bankruptcy Halcón Resources: Preferred Opportunity With An Imminent Bankruptcy Halcon Resources prepares file Chapter 11, restructure Halcón Resources planning to file prepackaged Chapter 11 bankruptcy
(DBN)

Argent Energy Trust Wraps Up Bankruptcy Sale To BXP Partners
(DBN)

Earthquakes on the rise in Texas, caused by human activity Humans have been causing earthquakes in Texas since the 1920s Seismological Society of America Texas Energy Regulator Faces Questions on Oil-linked Quakes
(DBN)

Wildfire Nears Canada’s Major Oil Sands Plants
(DBN)

Are The Saudis Facing A Full-Blown Liquidity Crisis? Saudi Aramco: Fix for a one-trick economy?
(DBN)

Saudi’s oil stockpiles decline for fifth month
(DBN)

In North Dakota's Oil Patch, A Humbling Comedown
(DBN)

Energy junk bonds: record defaults, romping returns
(DBN)

Oil and gas woes finally catching up to Denver office market
(DBN)

A tale of two oil and gas boomtowns – a boost to the economy, a tricky landing
(DBN)

Industry Needs to Make Tough Call on Deepwater Projects in Challenging Time
(DBN)

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Politics:

Megyn Kelly confronts Donald Trump over 'bimbo' retweets in cringeworthy interview moment Trump said he’s willing to do what no sitting US president has ever done Trump: My financial disclosure 'is the largest in the history of the FEC' Here's Why Donald Trump's Las Vegas Workers Are Fighting to Unionize Duck Dynasty’s Phil Robertson Offers Donald Trump Bible Lessons President Trump Would Destroy Dodd-Frank Because Hillary Is Too Close To Wall Street Donald Trump Almost Too Good at Hiding His Billions of Dollars 'Where the hell does he live?': Joe Biden rips Donald Trump for saying American workers are paid too much Bankers have to guess whether Trump will be a pro-Wall Street president or not Trump Is Still Making Money Off His Defunct University Trump Taps Washington Lawyer to Help Vet Potential Running Mates
(DBN)

The Bernie Sanders Trainwreck Why Sanders' marriage of convenience with Democrats may be over
(DBN)

RIP, GOP
(DBN)

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Metals:

Silver Buyer Facing Sanctions Is One of Many Layers to Mint’s Bankruptcy
(DBN)

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Retailing:

Target is not immune from the broader troubles in the retail industry Target says its sales will stink Target shares plunge after sales miss estimates
(DBN)

Three liquidators triumphant at Sports Authority bankruptcy auction
(DBN)

Retail's 12-Step Program To Commerce Redemption
(DBN)

The Death of the Great American Sporting Goods Store
(DBN)

T.J Maxx, Marshalls, Plan to Open 1,000+ New Stores
(DBN)

A Few Bright Spots In The Retail Wreckage
(DBN)

New Jersey Mega Mall Wants State to Sell Debt to Finish the Job
(DBN)

Landlords are starting to freak out about the problems in retail
(DBN)

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Celebs:

50 Cent Bankruptcy Moving Forward
(DBN)

O.J. Whispered ‘You Were Right’ After His Acquittal
(DBN)

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Lehman:

Lehman Brokerage Creditors in Line for Another $677 Million
(DBN)

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Shipping:

Hyundai Merchant, shipowners fail to reach deal over charter rate cut
(DBN)

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Metals:

Bankruptcy looks like long road for Columbus Castings
(DBN)

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Alternative Energy:

The End of SunEdison: Developer Now Looking Into Liquidating Its Assets
(DBN)

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Religion:

Next mission for Twin Cities archdiocese: Life after bankruptcy
(DBN)

Canada Learns More of Their Pedophile Priests
(DBN)

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New Bankruptcy Opinions
(1 new opinion today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (26 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (5 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)

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Bankruptcy Statistics:

Bankruptcy experts eye Asia boom as debt fears grow
(DBN)

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Chapter 13:

Debtor Can Confirm`Fees Only' Chapter 13 Plan
(DBN)

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Discharge:

SCOTUS Clarifies 'Actual Fraud' in Bankruptcy Code Justices adopt broader reading of the phrase “actual fraud” in bankruptcy law High Court Broadens the Definition of “Actual Fraud” under Section 523(a)(2)(A) Supreme Court Rules Exception to Bankruptcy Discharge for Fraud Claims Extends to Fraudulent Transfer Liability
(DBN)

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UCC:

Maximizing Recovery on a Secured Loan Through an Article 9 Sale of a Going Concern
(DBN)

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Student Debt:

The Battle of the Student Loan Discharge
(DBN)

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Mediation:

Compelling a Mediator to Testify: Here’s How it’s Done
(DBN)

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Bankruptcy Rules:

Failure to Observe Bankruptcy Rule Deadline in An Adversary Proceeding Tried in District Court Costs Defendants Opportunity to Appeal $6,000,000 Verdict
(DBN)

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Miscellaneous:

Recent Noteworthy Court Decisions Affecting Lenders in Restructuring Matters
(DBN)

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Healthcare:

Theranos voids two years' worth of blood-test results from its flagship product
(DBN)

Elderly Mom Killed by Husband Who Couldn't Afford Medication: Cops
(DBN)

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Electricity:

Hunt investors drop plan to buy Oncor Electric Hunt Consolidated-Led Group Withdraws Bid for Oncor Utility How the Dallas-based Hunts’ $17-billion Oncor buy unraveled — and why there could be an encore Hunt group withdraws last-gasp bid to buy Oncor Hunt Drops Bid for Energy Future’s Oncor but Is Working on a New One
(DBN)

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Gambling:

Caesars 2nd-Lien Debtholders, Upping Ante, Seek to File Fraudulent Conveyance Suit
(DBN)

Caesars Entertainment Says It Will Give About $4 Billion to Unit’s Restructuring - Contribution would be in exchange for liability releases
(DBN)

Caesars offers to contribute $4 bln as part of unit's bankruptcy plan
(DBN)

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Travel:

6 secrets to avoiding long airport security lines
(DBN)

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Shipping:

KDB to end up with biggest stake in HMM
(DBN)

Hyundai Merchant Marine fails to lower charter fees
(DBN)

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Sovereigns:

A bunch of countries could be about to go bust
(DBN)

Sovereign bonds are really unattractive
(DBN)

____________

UK:

Ranked: All the countries likely to leave the EU if there's a Brexit
(DBN)

A little-watched economic indicator is warning of a coming storm for the UK economy
(DBN)

Britain's ex-Pensions Minister told us 'there is no question' that the regulator is 'forensically looking at BHS'
(DBN)

Sports Direct's Mike Ashley outbid on BHS
(DBN)

The End of the Insolvency Shield for Insurers?
(DBN)

____________

EU:

Bolstering Europe’s Bankruptcy Laws Would Pay Off
(DBN)

Shadow Banks Fault EU Effort to Avert Lehman-Style Contagion
(DBN)

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PIIGS:

Spain and Portugal avoid fines for breaking EU fiscal rules
(DBN)

Spain’s Debt Jumps Most in Century, Topping 100% of GDP Spain Dares EU Budget Police to Start First Ever Sanctions
(DBN)

Greece posts bumper $2.4bn budget surplus How Europe put Greece on permanent life support
(DBN)

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Canada:

NL Could Be First Province to Declare Bankruptcy
(DBN)

Urbancorp seeks further court protection
(DBN)

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Brazil:

U.S. Boutiques Take Lead in Restructuring Brazil Fallen Giants
(DBN)

Brazil’s Temer Said to Eye Privatizations to Plug Budget Gap
(DBN)

The Real Lesson Behind Brazil's Mess
(DBN)

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India:

The Insolvency and Bankruptcy Code, 2016 - Key Highlights
(DBN)

US firms bullish on India after passage of bankruptcy law
(DBN)

Indian State Banks Post $2 Billion in Losses as Bad Loans Surge
(DBN)

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Ukraine:

Ukraine court freezes property of owner of insolvent bank
(DBN)

NABU investigating whether bankrupt banks stashed funds in offshore companies
(DBN)

Ukraine Bailout Set to Be Unlocked in June
(DBN)

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Austria:

Austria reaches deal with Hypo bank creditors Hypo Alpe Adria bondholders agree repayment deal
(DBN)

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South Korea:

Mass Layoffs Loom in South Korea as Corporate Revamp Starts
(DBN)

Yoo calls for key stakeholders to share restructuring pain
(DBN)

Hanjin Shipping bondholders agree to debt maturity extension
(DBN)

Samsung Heavy's self-rescue fails to satisfy creditors
(DBN)

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China:

This one chart tells you everything you need to know about how important China is to the global economy
(DBN)

Corporate China's debt problem only getting worse
(DBN)

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Russia:

Mechel: The End May Not Be Far Off
(DBN)

Desperation in Russia's "Detroit"
(DBN)

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Argentina:

How Panama Papers May Become a Boon for Cash-Strapped Argentina
(DBN)

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MENA:

EgyptAir Flight 804 Lost Over Mediterranean
(DBN)

How the Mideast’s Second-Richest Nation Is Reacting to Oil Shock
(DBN)

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