May 23, 2016

The Daily Bankruptcy News

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3-Column Formating

 

Law:

The battle for fees and cases, bankruptcy court competition ‘run amok,’ says law professor
(DBN)

Biglaw Firms Must Conduct More Layoffs, Before It’s Too Late
(DBN)

The End Of The ‘Partner’ Era
(DBN)

Nonequity Partner - Is that position going away like middle manager in Corporate America
(DBN)

Bankrupt Steel Foundry Operator Leaves Big Firms Holding Bag
(DBN)

Two Bankruptcy Firms Merging in South Florida
(DBN)

University of Iowa President Says Law School Enrollment Decline Has Stabilized At -30%
(DBN)

What if Facts Got a Whole Lot Cheaper?
(DBN)

For Operations, More Midsize Firms Seeking Nonlawyers
(DBN)

The 2016 Am Law 200
(DBN)

The 2016 Midsize Hot List
(DBN)

It’s not illegal to fire someone for being ‘too cute,’ Manhattan trial court rules
(DBN)

Can Women Be Required to Wear High Heels to Work?
(DBN)

The World’s Most Cyber Secure Law Firm
(DBN)

Latham, Wisconsin Firm Reach ROSS Intelligence Partnerships
(DBN)

2016 Diversity Scorecard: The Rankings
(DBN)

Sheppard Mullin Adds New York Bankruptcy Partner
(DBN)

Nashville: Bradley Adds New Bankruptcy Lawyer
(DBN)

Busy Staff Are Happy Staff
(DBN)

Holder Tells Columbia Law Grads Progress is ‘Born of Hard Work’
(DBN)

UK: PO'd barristers have been tweeting about how rubbish their jobs are
(DBN)

Nearly a quarter of lawyers would quit and start their own firm
(DBN)

Real Lawyers v. Cyborgs (Part 2)
(DBN)

Law Schools With The Worst Salary-To-Debt Ratios
(DBN)

The 20 Best Law Schools For Getting Biglaw Jobs
(DBN)

Law School Completely Derails State’s Bar Exam Passage Rate
(DBN)

The one rule all men need to follow if they're going to wear a bow tie
(DBN)

From The Career Files: How I Coach My Clients To Leave The Law
(DBN)

Battle Ensues Over Control of Sumner Redstone’s Trust
(DBN)

How the 'bathroom bill' debate went nationwide
(DBN)

Shooting of black woman final straw for embattled San Francisco police chief
(DBN)

Lawyer for former Subway pitchman Jared Fogle asks 7th Circuit for reduced sentence
(DBN)

Big Law Founder is Launching a Museum for the Broken Hearted
(DBN)

Attorney in ‘Stairway to Heaven’ case asks to compel attendance from Led Zeppelin stars
(DBN)

So Called Patriots Primed to Fight the Government
(DBN)

How Hard Is It To Get Fired From The Federal Government: S-- Offender Edition
(DBN)

Barratry suit says law firm collaborates with contractors to target homeowners with storm damage
(DBN)

Domino's Delivery Derails Fugitive Vegan Restaurant Owner's Life On The Lam
(DBN)

Ex-lawyer is sentenced for soliciting murder of his law-office manager
(DBN)

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Judges:

Here’s the Problem With the Feds Profiting From Court Filings
(DBN)

Everything You Don’t Remember About Justice Ginsburg’s Nomination
(DBN)

Did DOJ attorneys lie to a federal judge? Federal judge imposes sweeping sanctions on DOJ, requires ethics classes for litigators in 26 states This Judge Just WRECKED Obama’s Justice Department
(DBN)

Jesus Apparently Cares A Lot About County Judge Elections
(DBN)

Skadden Partner on Trump’s SCOTUS Candidates List
(DBN)

When do Supreme Court Justices recuse themselves from cases?
(DBN)

The Beauty of an Eight-Justice Supreme Court
(DBN)

How Former Justice Scalia's Empty Supreme Court Seat Is Impacting Major Decisions
(DBN)

Judge fired for watching p--- at work claims disability discrimination in employment tribunal battle
(DBN)

How to make the Senate consider Merrick Garland for the Supreme Court
(DBN)

Why Donald Trump’s Supreme Court shortlist is especially terrifying for women
(DBN)

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Wall Street:

US stock futures higher after G7 meeting
(DBN)

Stocks close off highs; Dow posts first 4-week losing streak since 2014
(DBN)

It hasn't gotten any better on Wall Street, and that does not bode well
(DBN)

Goldman Sachs Pay Plan Draws Record Shareholder Opposition
(DBN)

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Layoffs:

Here's every state's unemployment rate in April
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Student Debt:

The class of 2016 will graduate with a record level of debt
(DBN)

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Travel:

Fit more in your suitcase than you ever thought possible with these ultra-efficient packing hacks
(DBN)

TSA head: Expect more airport security delays despite funds
(DBN)

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Pensions:

Pensions may be cut to 'virtually nothing' for 407000 people Teamsters' troubled pension won't submit new rescue plan
(DBN)

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Autos:

Fiat Chrysler is reportedly suspected of cheating on emissions tests
(DBN)

GM to Pay Owners Over False Mileage Claims
(DBN)

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Private Equity:

New normal for private equity
(DBN)

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Coal:

Coal Miner Pension Plans, Benefits Deteriorating
(DBN)

Environmental, financial risks grow with bankruptcies in big coal
(DBN)

Coal industry fuming over proposed cleanup rules
(DBN)

Obama’s Coal Challenge
(DBN)

Federal Regulators Reconsidering How Clean Up of Coal Fields is Paid Coal mine woes may mean environmental bills for taxpayers
(DBN)

The State of Coal
(DBN)

Peabody moves to end debt dispute in favor of unsecured creditors
(DBN)

West Virginia objects to Alpha Natural sale to hedge fund
(DBN)

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Alternative Energy:

SunEdison Has Loan Deal, Gives Creditors Funds for Probe Investigation will look for litigation targets among SunEdison leaders, others SunEdison junior creditors to conduct bankruptcy probe SunEdison agrees to withdraw request for independent examiner
(DBN)

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Electricity:

Uncertainty, indecision led to demise of Hunts' bid for Oncor
(DBN)

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Telecoms:

The man who answered the call to save BlackBerry
(DBN)

Nortel Avoids (First) Appeal -- U.S. Edition
(DBN)

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Religion:

Audit of U.S. Catholic church shows sharp spike in abuse reports
(DBN)

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Economy:

American companies are 'masking' a $6.6 trillion mountain of debt
(DBN)

Cash-Stuffed Balance Sheets No Match for U.S. Company Debt Companies 'drowning in debt' despite almost $2 trillion in cash
(DBN)

Distress is a 'coming attraction'
(DBN)

Great Recession Ended Years Ago, Right?
(DBN)

US Capitalism in Crisis, As Most Lose Out
(DBN)

Treasuries Weekly Slide Is Most Since November on Fed Outlook
(DBN)

Fed’s John Williams says election won’t stop central bank from raising rates Economy’s vital signs healthy enough to keep Fed on track to raise rates US close to passing test for June rate rise, Fed official says
(DBN)

Fed speakers, data to take over as earnings slow to trickle
(DBN)

Fed's Bullard sees tight US labor market putting upward pressure on inflation
(DBN)

Week ahead will tell whether markets challenge Fed
(DBN)

BLS: Unemployment Rates stable in 41 states in April
(DBN)

Businesses are falling behind on their loans like it's 2008
(DBN)

The world economy is running on monetary fumes
(DBN)

New York Fed Provides In-Depth Look at U.S. Economy in a Snapshot
(DBN)

Hedge fund billionaire Jim Chanos called out his entire industry for failing to deliver the one thing that matters
(DBN)

Foreign-Born Workers Account for Rising Share of U.S. Labor Force
(DBN)

30% of millennials have been financially hurt by a partner
(DBN)

G-7 Warns on Weak Global Growth
(DBN)

US Debt Clock
(DBN)

College could ruin your retirement
(DBN)

Here’s where the most retirees are moving — and why
(DBN)

An update on oil prices
(DBN)

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

House prices are creeping toward bubble territory again
(DBN)

Existing Home Sales increased in April to 5.45 million SAAR Comments on April Existing Home Sales
(DBN)

Homeownership Elusive for Young Adults Without College Degrees Millennials may not be buying homes, but more are selling them Five tips for buying a home if you have student loans
(DBN)

Developer files for bankruptcy on Phoenix parcel
(DBN)

The Favoritism Underlying Fannie & Freddie's Conservatorship
(DBN)

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Municipalities:

PROMESA and the Recovery Act
(DBN)

Puerto Rico's debt crisis is getting deeper
(DBN)

A Puerto Rico Primer: Why the Debt Problem Is Our Problem
(DBN)

Chapter 9 bankruptcy isn't the only option for Puerto Rico
(DBN)

Bondholders Sue Over Puerto Rico Debt-Moratorium Law Puerto Rico Government Bank Creditors Revive Lawsuit Bondholders Amend Lawsuit to Challenge Constitutionality of Certain Provisions of the Moratorium Act
(DBN)

Labor Unions Tell Congress to Oppose Puerto Rico Rescue Bill
(DBN)

Hillary Clinton and Bernie Sanders clash over Puerto Rico rescue bill Clinton backs Puerto Rico debt bill Progressives Still Don't Like The Puerto Rico Bill
(DBN)

House Committee to Vote on Puerto Rico Bill
(DBN)

Why Congress can't solve the Puerto Rico financial crisis
(DBN)

President Obama's and Speaker Ryan's deal to help Puerto Rico
(DBN)

Fixing Puerto Rico's Debt Problem Won't Fix Its Economy
(DBN)

Puerto Rico Electric Gets $55 Million Funding From Creditors
(DBN)

Why Puerto Rico's New, Unelected Shadow Government Is Exactly What It Needs
(DBN)

Detroit picks firm to help fix $195M pension shortfall
(DBN)

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Oil/Gas:

Binding Ruling Authorizing Rejection of Midstream Oil & Gas Agreements
(DBN)

Wall Street’s Looking for More Ways to Rein in Energy Borrowers
(DBN)

Big Oil Deals: Don't Hold Your Breath
(DBN)

Why the Oil Glut Isn't Crashing Prices
(DBN)

Oil Traders Are Borrowing From Banks to Store Crude at a Loss Something Stunning Is Taking Place Off The Coast Of Singapore
(DBN)

CFTC: Speculators Cut US Nat Gas Net Longs
(DBN)

Mon.: Oil prices start week lower as glut shows no sign of easing
(DBN)

Fri.: Oil Prices Lower but Post Weekly Gain Fed Pours Cold Water on Oil Price Rally
(DBN)

Energy Bankruptcies Ramping Up
(DBN)

Expect Oil Traders To Take Profits Before The Dust Settles
(DBN)

Energy expert says oil prices won't top $100 a barrel
(DBN)

Breitburn Energy Wins Approval on Bankruptcy Financing
(DBN)

Intervention Energy Holdings Files for Bankruptcy Protection First Day Dec
(DBN)

Energy Slowdown In Pa. Spurs Rise In Employment Suits
(DBN)

The oil rig count did not fall for the first time in 9 weeks Drillers pause in shutting down rigs
(DBN)

Banks increasing credit squeeze on drillers
(DBN)

When We Can Expect The Next Oil Shock When We Can Expect The Next Oil Shock
(DBN)

Energy Funds: When Discounts Don’t Go Deep Enough
(DBN)

North Dakota oil expo comes amid trouble times for industry
(DBN)

Oil discoveries sink to lowest since 1952: Morgan Stanley
(DBN)

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Taxis:

The vast majority of people have never tried Uber or Lyft
(DBN)

____________

Retailing:

Gap is falling apart
(DBN)

Dick’s Will Bid For Maybe 2 Dozen Sports Authority Leases After Stores Close
(DBN)

Hard sell: Retailers rough patch may be new reality
(DBN)

Why American Eagle is defying the curse of teen retail
(DBN)

Amazon CEO Jeff Bezos on the Fire Phone flop: "We're working on much bigger failures now"
(DBN)

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Compensation:

These 2 charts show a huge problem with bank-CEO pay
(DBN)

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Healthcare:

Ombudsman blasts Nightingale; company calls report flawed
(DBN)

Cole Schotz Makes A Splash In Healthcare Bankruptcies
(DBN)

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Consumer Products:

Phoenix Brands Files Bankruptcy, To Sell Household Products Businesses
(DBN)

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Non-Profits:

MN: Mpls.-based Council on Crime and Justice abruptly shuts down
(DBN)

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Gambling:

New owner wants to make Trump's Taj Mahal casino great again
(DBN)

Caesars Entertainment Makes $4 Billion Pitch for Survival
(DBN)

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Hollywood:

Netflix Battles Judge's Suspicions of "Bad Faith" Streaming Plan
(DBN)

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Fraud:

‘Biggest Loser’ contestants were drugged: New York Post
(DBN)

Criminal Trials of Former Health-Care Executives Set to Begin
(DBN)

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Defaults:

Defaults Have Already Spread Outside Commodities
(DBN)

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New Bankruptcy Opinions
(6 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (22 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (6 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)

______________

Miscellaneous:

The Week Ahead
(DBN)

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Discharge:

Actual Fraud Includes Fraudulent Transfers Says Sotomayor
(DBN)

Supreme Court Expands Fraud Exception to Favor Creditors
(DBN)

Supreme Court: Fraudulent Conveyance Scheme Renders Debt Nondischargeable in Bankruptcy
(DBN)

Supreme Court Clarifies § 523(a)(2)(A)’s “Actual Fraud” in Husky v. Ritz – Part 2
(DBN)

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Professional Compensation:

Delaware Bankruptcy Court Finds Contractual Workarounds to Asarco to Be Unworkable
(DBN)

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Immunity:

Tribal Immunity Protects The Navajo Times Against Bankruptcy Strong Arm Action
(DBN)

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TIA:

The Marblegate Oral Argument in the Second Circuit Court of Appeals
(DBN)

Debt Restructurings and the Trust Indenture Act
(DBN)

____________

Interest:

Ninth Circuit Bankruptcy Appellate Panel Holds that an Oversecured Creditor Is Entitled to Default Interest After the Petition Date and Prior to Plan Confirmation
(DBN)

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Corporate Governance:

Creditor Rights, Claims Enforcement, and Bond Returns in Mergers and Acquisitions
(DBN)

____________

Cost-Shifting:

If a Suit Against You Is Dismissed, That's a Win
(DBN)

____________

Chapter 13:

Bankruptcy Court Decision to Allow Late-Filed Claim in Chapter 13
(DBN)

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Mediation:

Judge Scott Clarkson Appointed Mediator by Delaware Court
(DBN)

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Avoidance Actions:

Ad Funds Paid to Network Not Recoverable as Fraudulent Transfer
(DBN)

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Politics:

Poll: 58 Percent Of Voters Considering Someone Other Than Trump or Clinton
(DBN)

Wealthy GOP donor: 'If it is Trump vs. Clinton, I will be voting for Hillary' Donald Trump's campaign admits it donated far less to veterans than originally thought National Rifle Association Endorses Donald Trump Donald Trump Shifts Immigration Tone in Meeting with Hispanic Evangelical Leader Donald Trump Returns the Favor for Chris Christie Reddit's biggest Trump community is fracturing over right-wing extremism NRA endorsement in hand, Trump repeats call to end 'gun-free zones' Trump's tax troubles: More than 100 lawsuits, disputes, tied to companies Maryland Trump delegate indicted on weapons and p--- charges The Deep Cynicism of Trump's R--- Accusation Trump Becoming Wall Street's Best Friend The Dangerous Acceptance of Donald Trump What Were Trump's Ties to the Mob? Trump Once Revealed Tax Returns: Paid Zip
(DBN)

Trump hires BigLaw lawyer for running-mate review
(DBN)

7 Tips From James Carville And Karl Rove For Lawyers Who Plan To Enter Politics
(DBN)

Hillary Clinton’s Lead Over Donald Trump Narrows Bernie Isn’t Hillary’s Problem Dallas Mavericks Owner Mark Cuban for Clinton's Veep? Clinton says Trump poses 'immediate dangers' to the US Fact-checking Hillary Clinton on 'Meet the Press'
(DBN)

Bernie Sanders and Hillary Clinton Share a Beer
(DBN)

I Felt the Bern But the Bros Are Extinguishing the Flames Is Bernie Sanders' campaign running out of money? A house divided? Sanders rebellion isn't really about Democrats. How a feisty Bernie blogger's firing explains Democratic politics in 2016
(DBN)

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Personal Finance:

I've eaten on $2 a day and tried living on an $8.15-an-hour salary in New York City — here are my 10 best tips to save money
(DBN)

13 things to say when you get fired that you won't regret
(DBN)

The money mistakes even the super rich make
(DBN)

___________

Debt Collection:

'Here's some fruit - now pay up'
(DBN)

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Distressed Investing:

High Yield Recovery Rates Fall, Alarming Junk Bond Investors
(DBN)

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UK:

Rival suitors consider joint bid for Tata's UK steel assets
(DBN)

____________

PIIGS:

Greece Braces for More Austerity Amid EU-IMF Quarrel About Debt
(DBN)

As Greece is On the Brink of Bankruptcy, it Looks at Fashion to Provide Economic Boost
(DBN)

Greece set for austerity vote to secure bailout cash Greek parliament approves bailout reforms before Eurogroup meeting Greek MPs approve multi-bill, paving way for lenders to release more loans an Athens turn deal into recovery? Tsipras Survives Austerity Vote, Opening Path for Loan Payment
(DBN)

That Greek Debt Problem Keeps Rumbling Along
(DBN)

The IMF and calling Berlin's bluff over Greece
(DBN)

Treasury’s Lew Presses Germany to Find “Meaningful Debt Relief” for Greece
(DBN)

Warren attacks Uber as talk over Clinton running mate heats up
(DBN)

____________

Canada:

Alberta court ruling for lenders may trigger rise in orphaned wells: lawyers
(DBN)

Analysts: Oil Sands Cos Losing up to $50M a Day as Fires Rage
(DBN)

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China:

Amusingly, China Says That The Steel Problems Are Of America's Own Making
(DBN)

Lost Seals And Other Excuses Used By Defaulting Chinese Firms
(DBN)

China corporate insolvency may rise 20% this year
(DBN)

____________

MENA:

Dubai’s pvt sector ‘incentive’: Bankruptcy law, and 3 more new laws
(DBN)

Creditor call edges Ahab collapse case closer to resolution
(DBN)

Saudi Arabia urges Al Gosaibi creditors to file claims
(DBN)

____________

Venezuela:

Venezuela stops making Coca Cola: Is there a way out of bigger economic crisis?
(DBN)

Venezuela is on the brink of a 'political and economic meltdown'
(DBN)

____________

Australia:

Aussie Banks Seem Sweeter to Bond Investors Even as Loans Sour
(DBN)

Linc Energy to go into liquidation
(DBN)

____________

Mexico:

Mexico’s Financial Stability Seen at Risk as BNP Says Intervene
(DBN)

Biggest Mexico Bond Defaulter Drops as Suspension Fears Loom
(DBN)

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South Korea:

More firms may face default, closure
(DBN)

Korean creditors push to sell majority stake in Hyundai Cement
(DBN)

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