May 27, 2016

The Daily Bankruptcy News

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Due to the Memorial Day holiday, The Daily Bankruptcy News will not publish on Monday, May 30, 2016



Law:

NY To $190K: If Not Now, When?
(DBN)

UK: Shearman hikes NQ salaries to £95,000
(DBN)

The Cure for Law Firm Layoffs?
(DBN)

Reinventing The Law Business: 3 Essential Virtues For Lawyers
(DBN)

Men Can Do More for Gender Equity in Law Firms
(DBN)

Cringeworthy Skadden recruitment brochure from bygone days surfaces online
(DBN)

A Law Firm Structure That Avoids Attorney Layoffs
(DBN)

5 Places To Pick Up Clients
(DBN)

For Justice Department Lawyers, 'Uncertainty' Follows Texas Judge's Sanctions
(DBN)

Bankruptcy Fight May Be The Least Of Team Prenda's Concerns, As The FBI Comes Knocking
(DBN)

Biglaw Firm Increases Cash For First-Year Bar Stipend Ahead Of Summer Exam
(DBN)

This law school sent the most grads into full-time, long-term legal jobs Five California Law Schools Are In The Bottom Ten
(DBN)

Howard Law grads get major law firm attention
(DBN)

Georgetown LLMs Bent Out Of Shape Over Graduation
(DBN)

Caveat Venditor: Empty Threats From Notorious For-Profit Law Schools
(DBN)

Rankings Aren’t Just for Law School: Tier 3 / ‘Cooley’ Employees
(DBN)

For Female Lawyers, a Way Back In After Taking Time Off
(DBN)

Saudi court says Clifford Chance is operating illegally
(DBN)

Four More Years! For This Big Law Chair
(DBN)

McCarthy Tétrault chooses nonlawyer to redesign firm
(DBN)

Dear Sir/Madam: How should you handle writing salutations and signatures?
(DBN)

Clyde & Co. to acquire 18-lawyer Miami firm, seeks to be top US insurance coverage shop
(DBN)

Firm in ironic email blunder
(DBN)

Police Arrest Man in Connection with Murder of FSU Law Professor Case is reportedly investigated as murder for hire More Details About The Arrest In The Killing Of Dan Markel 5-6 More Arrests Expected
(DBN)

California lawyer pledges to fund college for 27 kindergartners
(DBN)

New Push in Congress to Reverse ‘Overcriminalization’ in Criminal Code
(DBN)

Baylor demotes Ken Starr, will fire football coach over school’s handling of sex-assault allegations Silence at Baylor Baylor Failed to Protect Female Students Can Still Teach ConLaw
(DBN)

Urgent State Bar Notice Is An Email Scam
(DBN)

Why This Billionaire Used Litigation Finance As A Weapon In His War Against Gawker An Open Letter to Peter Thiel This Is Why Billionaire Peter Thiel Wants to End Gawker Litigation Funders Distance Themselves From Thiel St. Peter or Abuser of Power - Peter Thiel's Funding of Litigation Thiel-Gawker Case Divides Silicon Valley
(DBN)

Lawyer resigns from well-known law firm after he is charged with money laundering conspiracy Becker & Poliakoff Partner Charged in Laundering Sting
(DBN)

A Five Year Trial And No Verdict
(DBN)

I Know Who Killed the Black Dahlia
(DBN)

Bill Cosby Admits to Sex with Teens, Paying Off Alleged Victims
(DBN)

The Curve: Life At Manhattan Law School
(DBN)

7 undercover inmates spent 2 months in jail — here are the most outrageous things they witnessed
(DBN)

Law firm trainee punches partner in drunken "initiation"
(DBN)

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Judges:

Misdemeanor defendant is charged with felony for allegedly spitting on judge
(DBN)

Lawyer is charged with stealing $587K from estate of deceased ‘kung fu’ judge
(DBN)

Chief justice says he backs consensus, even if it means putting off issues for a later day
(DBN)

Is an Eight-Member Supreme Court So Bad? Eight Justices Are Enough
(DBN)

The Supreme Court’s Wishful Thinking About Compromise
(DBN)

U.S. Supreme Court allows secret debate in John Doe filing
(DBN)

Strange things occur at New Mexico courthouse, and a ghost is blamed
(DBN)

Suspended Philadelphia judge pleads guilty to lying to FBI about small-claims case
(DBN)

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Wall Street:

Caution puts lid on U.S. stock futures ahead of Yellen speech
(DBN)

Stocks close mixed; banks and chemicals firms slide
(DBN)

Stocks Reach Three-Week High in Yellen Countdown as Oil Falls
(DBN)

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Layoffs:

 

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Autos:

U.S. Virgin Islands sues Takata, Honda over airbags
(DBN)

KKR Buckles Up for Bumpy Ride in Chasing Air-Bag Outcast Takata
(DBN)

Now VW Challenges US Jurisdiction for Scandal
(DBN)

GM Boosts Revolving Credit Lines to Total $14.5 Billion
(DBN)

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Media:

Gawker Media exploring options, including potential sale: DJ
(DBN)

____________

Paper:

Verso Receives Bankruptcy Court Authorization to Reject Specialty Paper Supply Contract with Expera U.S. Bankruptcy Court allows Verso Corp. to reject a long term contract from 2005
(DBN)

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Distressed Investing:

Seven Leveraged Loan/High Yield Issuers Join LCD's Restructuring Watchlist
(DBN)

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Gambling:

Congress Isn’t Done with Casino Giant Caesars
(DBN)

____________

Celebs:

50 Cent On Top and Running Towards Confirmation Finish Line
(DBN)

Music Producer Jazze Pha Drowning In Debt, Files for Bankruptcy
(DBN)

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Banking:

Citigroup’s Humpty Dumpty Libor Submissions
(DBN)

RBS Investors in $6 Billion Lawsuit Fight Ex-Lawyers Over Fees
(DBN)

Bankers Cry Foul Over CFPB Overdraft Data Collection
(DBN)

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Radio:

IHeartMedia Accused in Suit of Using Unit Like Piggy Bank
(DBN)

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Coal:

Bankruptcy court approves Alpha Natural Resources plan
(DBN)

____________


Economy:

Earnings fall at fastest rate since the Great Recession
(DBN)

Expect Fed to hike in September: Expert Yellen may send Fed interest-rate message by not making one
(DBN)

New Jobless Claims Fall
(DBN)

Dallas Fed: Invest More in Education
(DBN)

Credit Card Spending, Accounts Increase Among Consumers with New Mortgages
(DBN)

Study: Millionaires Don't Flee High Tax States
(DBN)

Fed's Bullard: Tight US labor market may put upward pressure on inflation
(DBN)

Millennials' Most Common Roommates: Their Parents
(DBN)

When Do Consumers Start to Feel the Pinch from Higher Oil?
(DBN)

Big Money Guy: Bad Stuff Coming
(DBN)

Bankers Driving US Into Another Crisis
(DBN)

World Leaders Tangle Over Growth Recipe Amid Rising Risk
(DBN)

Japan Fails in Bid to Have G-7 Warn of Global Crisis Risk
(DBN)

US Debt Clock
(DBN

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Average 30-year US mortgage rate rises to 3.64 percent
(DBN)

What happens when you mix the real estate crash of 2008, equitable subrogation claims, mechanics' liens, title insurance, reservations of rights, clever (or not so clever) clients and attorneys, and a Morris agreement?
(DBN)

Pending home sales up 5.1 pct, highest level in a decade
(DBN)

No Relief in Sight for Minimum-Wage Renters
(DBN)

California Rents Outpace Wages
(DBN)

Hourly Wage Needed to Rent an Apartment
(DBN)

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Municipalities:

Ryan: House Puerto Rico Bill Protects Taxpayers From a Bailout
(DBN)

Puerto Rico: PROMESA and Presiding Judges
(DBN)

How to Change Bankruptcy Law
(DBN)

Congress sends signal to debt-ridden cities by shrugging off Puerto Rico debt guarantee
(DBN)

Americans' limited awareness of Puerto Rico or its crisis
(DBN)

Democratic Lawmakers Plan To Keep Fight Going Over Puerto Rico Hispanic Caucus Wrestles With Puerto Rico Bill's Shortcomings Menendez, Gutiérrez Seek to Thwart House Puerto Rico Bill
(DBN)

Puerto Rico Raises Stakes in Legal Standoff With Budget Proposal
(DBN)

A PROMESA kept, but changed
(DBN)

Extend And Pretend Continues, Puerto Rico To Be Bailed Out
(DBN)

Hartford bankruptcy would not be a death sentence
(DBN)

Illinois Budget Showdown
(DBN)

Detroit, Fresh Out Of Bankruptcy, Discovers $195M Pension Shortfall
(DBN)

NJ Assembly, Senate pass bills to save Atlantic City from bankruptcy Atlantic City Rescue Package Bills Go to Christie for Approval
(DBN)

California’s Recovery Loses Luster as Tax Increases Set to Lapse
(DBN)

____________

Oil/Gas:

Fights over value dog US energy producers' bankruptcy plans
(DBN)

Thurs.: Oil tests out $50 a barrel as supply concerns resurface Oil Hits $50, But Can It Maintain Its Gains? Oil Inventories Fall on Fewer Imports Oil crosses $50 a barrel, then retreats Why $50 Oil Is Here To Stay Oil's Brief $50 Breach Doesn't Mean Much Unless It Sticks Around
(DBN)

The Consequences Of $50 Oil What $50 oil means to producers and the Fed
(DBN)

Oil Prices Halfway Back to Where They Started
(DBN)

Texas production levels on the rise
(DBN)

Survey shows oil and gas industry expects strong rebound in M&A
(DBN)

Why The Bust For Offshore Drillers Might Last Another 2 Years
(DBN)

Why Oil Bulls Can See $60 from Here
(DBN)

Energy Sector Rally Not Keeping Up With Oil’s Surge
(DBN)

Bankrupt Denver oil company plans sale
(DBN)

Donald Trump to Address Oil Industry in North Dakota Trump Outlines 'America First' Energy Plan
(DBN)

Goodrich Petroleum says restructuring support agreement terminated
(DBN)

Talent in the Time of Bankruptcy : A Primer for the Oil and Gas Industry
(DBN)

Exxon CEO: Ending Oil Production Not Acceptable for Humanity
(DBN)

Feds Pressure Taylor Energy on Gulf Oil Leak
(DBN)

Trump Heads to Shale Country to Make Energy Policy Pitch
(DBN)

Seadrill Drops as CEO Says Drillship Firesale Was Overpriced
(DBN)

California Resources Gets No Help From $50 Oil
(DBN)

Senators: Stop Inquiries into Big Oil's Climate Denials
(DBN)

____________

Politics:

Trump-Sanders debate would be Hillary Clinton's worst nightmare Donald Trump Says He Would ‘Love’ to Debate Bernie Sanders
(DBN)

How this GOP Latina pol is playing her Trump card
(DBN)

Donald Trump Hits Delegate Count Needed to Clinch GOP Nod, AP Calculates How Donald Trump is winning over Wall Street US allies are concerned Trump doesn't support alliances Trump’s Proposals Could Lock Poor Students Out of College Donald Trump is trying to force Paul Ryan’s hand. Paul Ryan's soap opera with Donald Trump Problems with Trump's Veteran Donations
(DBN)

5 Best Practices For Fighting With Trump Supporters On Facebook
(DBN)

Trump Hotel Bookings Plummet 59%
(DBN)

Beautiful Warrior Goddess Elizabeth Warren Elizabeth Warren just absolutely shredded Donald Trump. There’s a lot more like this to come. Trump Says Elizabeth Warren is a ‘Total Failure’ But Her Senate Record is Actually Exceptional Picking Elizabeth Warren As Veep Probably Wouldn’t Cost Democrats a Senate Seat Elizabeth Warren Knows How to Attack Trump. Clinton Doesn't Elizabeth Warren Is Good at Her Job
(DBN)

Meet the Law Professor Trying to Unseat the DNC Chair
(DBN)

“The Mystery Emails”: State Department Report References Key Emails That Were Not Previously Turned Over
(DBN)

____________

Healthcare:

Beth Israel Hospital Will Close Over the Next Four Years, Officials Say
(DBN)

____________

Labor:

The Supreme Court Is Considering a Case on How a Bankrupt Trump Casino Screwed Workers
(DBN)

____________

Defaults:

Fitch: Energy, Metals/Mining Dominate 2016 U.S. Leveraged Loan Defaults
(DBN)

____________

Tax:

When is a Tax Return not a Tax Return?
(DBN)

GAO: IRS's 1950s Computer System Is Federal Government's Oldest, Putting Taxpayer Information At Risk
(DBN)

____________

 


New Bankruptcy Opinions
(10 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (17 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (30 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:

Lookback Period – Twelve Weeks (pt 3)
(DBN)

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Discharge:

Husky Is Not So Lucky for Debtors – the United States Supreme Court's Recent Opinion on the Denial of Debt Dischargeability Under Bankruptcy Code § 523(a)(2)(a)'s Actual Fraud Provision
(DBN)

____________

Gambling:

Oaktree Cautions Congress Against Back-Room Deal on Caesars Debt
(DBN)

____________

Retailing:

Abercrombie’s Sales Slip as Fewer Shoppers Visit Its Stores Abercrombie sales fall for 13th straight qtr, shares slump
(DBN)

Sears 1Q loss widens , looking at options for Kenmore, others Lampert’s Sears Has Little Left to Lose After Mulling Brand Sale
(DBN)

Traditional retailer Macy’s has turned into a speculative play
(DBN)

320 Sports Authority store leases to be auctioned in June; stadium name in limbo
(DBN)

____________

Religion:

Diocese of Duluth, Abuse Victims to Enter Mediation in July
(DBN)

Twin Cities Archdiocese files $65M plan to settle with abuse victims
(DBN)

Twin Cities Archdiocese, Abuse Victims at Odds Over Bankruptcy Plan
(DBN)

____________

Distressed Investing:

Alvarez & Marsal Turns up Heat on Zohar Funds Creator Tilton
(DBN)

____________

Fraud:

The Don’t Ask, Don’t Tell Guide to Trading on Inside Information
(DBN)

Madoff's victims could soon get another $247 million back Madoff Trustee Plans $171 Million Payout to Ponzi Victims
(DBN)

Bank of America’s Winning Excuse: We Didn’t Mean To
(DBN)

____________

Student Debt:

Court Grants Student Loan Debt Relief to a Graduate of a Non-Accredited Medical School
(DBN)

____________

Healthcare:

Forest Park hospital in Fort Worth shuttered on eve of Texas Health Resources $117M takeover
(DBN)

Bankruptcy judge sets hearing on Stokes County proposal to acquire hospital
(DBN)

____________

Telecoms:

U.S. federal judge sends review of Nortel bankruptcy case directly to U.S. Court of Appeals
(DBN)

____________

Shipping:

Creditors To Rescue Top 3 Shipbuilders, Close Down Ailing Smaller Firms
(DBN)

____________

Alternative Energy:

Yieldcos: Boom, Bust, And (Now) Beyond
(DBN)

____________

Corporate Reform:

In 156 government cases against big banks, only 47 people have been charged
(DBN)

____________

UK:

BIS launches insolvency consultation
(DBN)

Taveta faced a difficult choice over BHS
(DBN)

____________

PIIGS:

The Low Use of Bankruptcy Procedures in Spain: Reasons and Implications for the Spanish Economy
(DBN)

Greece Has Some Work to do, Says Lagarde
(DBN)

Anglo Irish liquidators to pay up to 100 pct to unsecured creditors
(DBN)

IBRC liquidators to pay State €275m
(DBN)

____________

Nigeria:

Senate passes Bankruptcy & Insolvency Bill
(DBN)

____________

India:

Bankruptcy Code of limited use for current asset woes: Moody's
(DBN)

India’s Largest Bank Posts Sharpest Profit Drop Since 2011
(DBN)

Bankruptcy Code 2016: Just what the doctor ordered
(DBN)

Defaults are costly: Bankruptcy law gives lenders more teeth
(DBN)

____________

Australia:

Personal Insolvency Trends in Australia 1990-2008
(DBN)

Linc Energy founder Peter Bond blames government for fall
(DBN)

____________

China:

Goldman Sees 0.2% China Bond Default Rate as Zombies Kept Alive
(DBN)

China’s Stocks Post Longest Weekly Losing Streak in Four Years
(DBN)

____________

Norway:

Junk Bond Creditors Stricken in Norway Cry Foul as Banks Spared
(DBN)

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South Korea:

South Korean Shipbuilder STX Offshore Files for Receivership
(DBN)

____________

Russia:

Russia strikes back - but the Yukos saga is far from over. Here we give the London, Geneva, and Paris perspectives
(DBN)

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