November 18, 2016

The Daily Bankruptcy News

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Law:

Merger talks crumble between KWM and Morgan Lewis
(DBN)

John Keker Burns and then Admires Cravath, Swaine & Moore
(DBN)

Biglaw Strikes Back: The Rich Firms Get Richer This Quarter
(DBN)

Elite white-collar law firms are finally getting their comeuppance
(DBN)

Chadbourne Names New Bankruptcy Partner
(DBN)

ABA puts one law school on probation and censures another ABA Cracks Down On Law Schools Admitting Students Who Can’t Pass The Bar Exam
(DBN)

New Texas law school seeking ABA accreditation gets more time to make its case
(DBN)

Judge Vacates Sanctions Against Boies, Schiller & Flexner Attorney
(DBN)

Reagan Veterans See Law Firm Lessons for a Trump Era
(DBN)

7th Circuit bars release of nephew in ‘Making a Murderer’ case
(DBN)

$30M Verdict for Insurer's Overbroad 'Absurd' Exclusion In Malpractice Case
(DBN)

Lawyer who got $1M sanction reversed will have to pay $45K for other ‘egregious tactics,’ court says
(DBN)

How Are You Dealing With Work, Post Trump?
(DBN)

Has Lawyer Blogging Plateaued? ABA Tech Survey Suggests So
(DBN)

Law Students Protest SNAILS In The Library: Students Not Actually In Law School
(DBN)

Indiana Dean: The ABA's Troubling Focus On The Bar Exam
(DBN)

What Does Hillary Clinton’s Election Loss Mean For Women Lawyers?
(DBN)

Three Ways Cybersecurity Can Put Your Firm Out of Business
(DBN)

Lessons Learned From Overdosing On Antidepressants In Law School
(DBN)

There Are Puppies in SmallLaw
(DBN)

18 Best Apps for Lawyers
(DBN)

Smart People Need More Time Alone
(DBN)

Baggy Jeans Are OK For Moms And Dads, Not Attorneys
(DBN)

Get Ready, Another Texas Law Hawk Commercial Coming Soon
(DBN)

Lawyer moonlights as YouTube sensation
(DBN)

School Librarian Files Lawsuit After School Toilet Exploded
(DBN)

Lawyer Whose Bathroom Break Caused Case to Be Tossed Wins Reversal
(DBN)

Clifford Chance in chocolate fountain fiasco
(DBN)

Man Tried to Burn Down His Ex-Girlfriend’s House Using Cheetos
(DBN)

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Judges:

Sonia Sotomayor Says We Shouldn’t Despair Over the Election
(DBN)

Justice Sotomayor: 'We Can't Afford for a President to Fail'
(DBN)

Judge who sanctioned Boies Schiller lawyer for long deposition changes his mind
(DBN)

Senate Judiciary Committee To Be Led by Non-Lawyers
(DBN)

Coming Soon: Trump Supreme Court Nominee
(DBN)

Judge rejects a plea for Garland vote
(DBN)

Does Obama Have Any SCOTUS Options Left?
(DBN)

How Trump Can Reshape the Courts
(DBN)

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Wall Street:

US futures on hold amid central banker deluge
(DBN)

Stocks close within striking distance of record highs; financials lead
(DBN)

A definitive breakdown of the gloomy state of Wall Street
(DBN)

Stop calling stock-market rise a ‘Trump rally’
(DBN)

Wall St. Vampire Squids Pucker Up for Trump
(DBN)

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Layoffs:

AOL lays off 500 employees
(DBN)

600 Layoffs Planned At Unemployment Center
(DBN)

Volkswagen is cutting 30,000 jobs
(DBN)

Why First Solar Is Cutting 1,600 Jobs
(DBN)

Visa confirms layoff of hundreds
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Pharma:

The CEO of Valeant's secret pharmacy has been charged with 'engaging in a multi-million dollar fraud and kickback scheme' Valeant Duo Fights Back What we know about the former Valeant employee who just got arrested on fraud charges
(DBN)

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Politics:

James Clapper, the US intelligence chief, resigns
(DBN)

Critics Move To Scrap The Electoral College, But It's Not Likely To Work
(DBN)

How the Presidency Could Hurt the Trump Brand GOP learning wrong lessons from Trump win, Republicans fear What Trump’s Rhetoric Says About His Leadership 'Bond King' Jeffrey Gundlach Predicts Trump Will Cause Facebook and Amazon Stock to Crash Elizabeth Warren Threatens Trump: Don't Let "Wall Street Get Away With Murder" Donald Trump Taps Little-Known Lawmaker to Be 'Eyes and Ears' in Congress Goldman Sachs Can't Stop Hating on Trump The internet crowdsourced a guide on how to survive a Trump presidency Obama warns Trump: 'If you're not serious about the job, then you probably won't be there very long' Newt Gingrich confirms he won't be in Donald Trump's Cabinet Romney secretary of state? Donald Trump Has The ‘1L Terror S----’ The Trump presidency has its first big conflict-of-interest issue The most powerful woman in the Trump transition isn't Kellyanne Conway or Melania Trump Will Trump Be Ready to Govern? Trump Transition Team Gives Detailed Update Amid Infighting 10 things we learned about Trump adviser Steve Bannon from this recently surfaced speech Romney, Haley, Cruz? Donald Trump Makes Friends With Onetime Foes Potential AG Pick Called NAACP ‘Un-American’ for ‘Forcing Civil Rights’ 9,000 Attorneys Oppose Bannon in Letter to Congress Obama-Era Court Fights Become Mission Impossible After Trump Win
(DBN)

Krugman: It's looking more and more like the election was swung by the FBI in virtual 'alliance with Putin'
(DBN)

Obama Reckons with a Trump Presidency President Barack Obama Says Fake News Is a Problem for ‘Democratic Freedoms’
(DBN)

Pence: Get Ready for Sweeping Legislation
(DBN)

The Dance of Chuck and Liz
(DBN)

US Jews grapple with election-year eruption of anti-Semitism
(DBN)

Civics Lessons From the 2016 Election
(DBN)

My Trump-inspired plan to make my home great again
(DBN)

Sanders won't Join Democratic Party
(DBN)

Judge to IRS: Strong Showing on Tea Party Bias
(DBN)

In Donald Trump's America, is California the new Texas?
(DBN)

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Electricity:

Energy Future owes $431 mln to noteholders, U.S. appeals court rules U.S. court ruling puts Energy Future bankruptcy plan in doubt
(DBN)

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Shipping:

Daewoo Shipbuilding labor union accepts calls to join restructuring
(DBN)

Hanjin: And still it drags on – like a headless chicken running around in its death
(DBN)

Dry Bulk Bubble Bursts: DryShips Sinks as Trading Resumes
(DBN)

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Gambling:

Restaurants press on in closed Trump casinos
(DBN)

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Corporate Reform:

JP Morgan Pays $264M for Corruption J.P. Morgan Settlement Lays Bare the Practice of Hiring 'Princelings'
(DBN)

The Glory Days of Elizabeth Warren’s CFPB Are Numbered
(DBN)

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Economy:

Yellen Says Interest Rate Hike Could Come 'Relatively Soon'
(DBN)

A Look Behind the Curtain of Trumponomics
(DBN)

MIT: US Manufacturing Jobs Are Not Coming Back
(DBN)

Weekly Initial Unemployment Claims Decrease to 235,000, Lowest Since 1973
(DBN)

US economy will improve and Fed could find itself in tough spot, Deutsche's LaVorgna says
(DBN)

Janet Yellen Says Donald Trump Can't Chase Her From the Federal Reserve
(DBN)

Fed Throws Cold Water on Trump Plans
(DBN)

Yellen: I don't know why business investment is so low, but it's not our fault
(DBN)

Yellen in the hot seat for what's set to be 1st congressional debate on Trump stimulus
(DBN)

Coming to Terms with Trumponomics
(DBN)

Consumer Prices in U.S. Increase for Third Consecutive Month
(DBN)

President Trump could mean economic policy via presidential decree
(DBN)

Trump risks market calamity if US institutions damaged
(DBN)

Trump takes credit for keeping Ford factory — but was it ever leaving?
(DBN)

Trump could cause a train wreck at the Fed
(DBN)

The Donald exacerbates debt tsunami
(DBN)

Long-term Treasury risk rises on new US fiscal outlook
(DBN)

American Manufacturing Groups Push Donald Trump to Rethink His Trade Threats
(DBN)

Apple is exploring moving iPhone production to the US: Report The real reason Apple produces outside the US has little to do with labor costs
(DBN)

Jobless Claims in U.S. Decline to Lowest Level in Four Decades
(DBN)

These Are the Most Popular Employers and Jobs for 2016 College Grads
(DBN)

Female Programmers Make Nearly 30% Less Than Their Male Counterparts
(DBN)

High-Yield and Bank Loan Outlook: Valuations Suggest Caution
(DBN)

How Republicans Plan to Spend Like Crazy Without Running Up Debt
(DBN)

Trump's proposed infrastructure plan has a big problem
(DBN)

Homeless Population in U.S. Drops Overall, but Rises in Some Areas
(DBN)

Divorce Rate in U.S. Drops to Nearly 40-Year Low
(DBN)

Can America’s Companies Survive America’s Most Aggressive Investors?
(DBN)

Small Businesses Are Living Longer - But Also Staying Smaller
(DBN)

America: Easy Retirement? Only for the Privileged Few
(DBN)

Americans Moving Less and Worrying More
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Mortgage rates spike to near yearly highs following Trump victory Rates Soar to 10-Month High After Trump Bond Rout
(DBN)

Housing Starts in U.S. Surged to a Nine-Year High in October
(DBN)

Mortgage rates are spiking, and they could tank the housing market
(DBN)

San Francisco home sales fall to lowest level since crisis
(DBN)

There’s less than 1 year left for more than 200,000 HARP eligible borrowers
(DBN)

An $11 trillion commercial real estate bubble is ready to rock the economy
(DBN)

Dead Malls Give Rise to New Town Centers
(DBN)

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Municipalities:

Puerto Rico Treasury says FY2017 revenues are net positive
(DBN)

Puerto Rico Beats Back Another Attack by Holders of Defaulted Bonds
(DBN)

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Oil/Gas:

Oil field hiring could pick up next year, survey shows
(DBN)

Saudis ‘optimistic’ on output deal; oil rises Saudis Announce OPEC Output Ceiling: 32.5 Million Bpd OPEC Ready To Force Members To Join Cut
(DBN)

Colorado energy company emerges from bankruptcy
(DBN)

Oil producers pounce on price uptick to bolster hedging
(DBN)

Trump Could Send A Shockwave Through Natural Gas Markets
(DBN)

______________

Coal:

Trump Will Not Help Arch Coal
(DBN)

West Virginia regulator sues Alpha Natural on fraud allegations
(DBN)

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Banking:

Wells Fargo New Accounts Tumble 44% in Wake of Sales Scandal Wells Fargo is getting walloped by their fraudulent accounts scandal
(DBN)

How Good Is Trump for Banks? It's Complicated
(DBN)

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Celebs:

Court Rules on Tisha Campbell-Martin and Duane Martin's Bankruptcy
(DBN)

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Ticketing:

TicketNetwork acquires bankrupt ScoreBig
(DBN)

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Hotels:

Investor poised to foreclose on big Streeterville hotel
(DBN)

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Cigarettes:

E-cigarette Manufacturer NJOY Lands Court Approval for Sale
(DBN)

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Turnarounds:

The Ethics of Turnaround: Are Too Many Shades of Gray Affecting the Industry?
(DBN)

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Retailing:

Who destroyed American Apparel?
(DBN)

Nasty Gal gets thrown a lifeline
(DBN)

______________

Healthcare:

GOP is eyeing Medicare overhaul in 2017
(DBN)

Why Your Medical Bills May Skyrocket
(DBN)

Objections denied in Go Ye bankruptcy case
(DBN)

Addiction in US Costs $442 Billion a Year
(DBN)

______________

Media:

Baseball Analyst Says Gawker Can't Escape Defamation Claim
(DBN)

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Manufacturing:

Vassallo Int’l Group in Ponce files for Ch. 11 bankruptcy
(DBN)

______________

Construction:

Recipe for a Project Bankruptcy: Part 2 The Contractor in Bankruptcy Through the Lens of the Owner
(DBN)

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Fraud:

Trial Date Looming, Trump’s Lawyers Say President-Elect Too Busy
(DBN)

Trump lawyers request oversight of jury selection for Trump University trial
(DBN)

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Defaults:

Global corporate defaults year to date reach highest level since 2009
(DBN)

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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 (24 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (7 new filings today)
(DBN)

Bankruptcy Code (html) - Bankruptcy Code (pdf) Prior BK Codes (pick year from list) - 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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Avoidance Actions:

Bankruptcy Court Upholds Contemporaneous Exchange for New Value Defense in Preference Action
(DBN)

Allowed, Unpaid Administrative Expense Claims to Set Off Preference Liability
(DBN)

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Make-Whole:

Appeals Court Revives Energy Future Bondholder Claims Major Make-Whole Decision from Third Circuit Make-Wholes Great Again Third Circuit Splits with New York by Allowing Make-Whole Premiums in Chapter 11
(DBN)

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Bankruptcy Remoteness:

Blocking Rights in LLC Operating Agreements: Do These Provisions Help Lenders?
(DBN)

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Mediation:

A Final Step to Uphold Mediation Confidentiality in Federal Courts
(DBN)

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Automatic Stay:

Attorneys’ Fees Alone — Without Actual Damages or Ongoing Stay Violation — Do Not Warrant Sanctions for Violations of the Automatic Stay
(DBN)

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Bankruptcy History:

Three Ages of Bankruptcy
(DBN)

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Sporting Goods:

Bauer Hockey Needs Two Judges to Referee Bankruptcy Auction
(DBN)

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Distressed Investing:

Gramercy raises $1bn for distressed emerging markets fund
(DBN)

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Student Debt:

Congress could undo Obama-era student loan relief
(DBN)

______________

Agriculture:

Take dispute to trial, judge tells Turner, Benton grain dealer
(DBN)

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UK:

Insolvency lawyers reassured on English courts & Brexit
(DBN)

Chancellor of English High Court looks to a post-Brexit future
(DBN)

Theresa May's changing vocabulary hints at a shift away from a 'Hard Brexit'
(DBN)

Trump spent longer on the phone with Piers Morgan than he did with Theresa May
(DBN)

Lenders to have say in Premier Oil investment plans
(DBN)

Insolvency Service case raises issue of pension protection
(DBN)

______________

EU:

These Three Automakers Are Leading Europe's Decline in Car Sales
(DBN)

ECB's Draghi signals stimulus will be extended
(DBN)

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PIIGS:

Greek enterprises call for simplified bankruptcy code to reduce arrears, NPLs Single haircut system for all corporate arrears
(DBN)

Tsipras points to light at end of road
(DBN)

Greek Finance Minister Urges Quick Deal on Debt Relief
(DBN)

Greece Debt Talks Requires IMF Involvement, Says Wieser
(DBN)

______________

Canada:

Did Cassels Brock Have a Conflict in GM Canada's Restructuring
(DBN)

Debt-ridden Alberta should take a lesson from thrifty Texas on how to survive the oil boom and bust: report
(DBN)

Supreme Court of Canada rules banks not prohibited by PIPEDA from disclosing mortgage statements to creditors trying to seize property
(DBN)

BDO and Deloitte confirm sale of Deloitte’s consumer insolvency practice
(DBN)

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France:

France Investigating 500 Taxpayers After Panama Papers Leaks
(DBN)

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MENA:

The new bankruptcy law in the UAE: moving to rescue and rehabilitation
(DBN)

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Russia:

Deposit Guarantee Fund gets UAH 5.9 bln from insolvent banks in ten months of 2016
(DBN)

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Australia:

PPSR Errors Benefit Insolvency Practitioners
(DBN)

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Venezuela:

Venezuela Caps Daily Bank Withdrawals at US $5 to Avoid Bankruptcy
(DBN)

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Brazil:

Brazilian CEOs Head for Exits as Economy Takes Toll at the Top
(DBN)

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Germany:

Deutsche Bank considers withholding bonus payouts to former CEOs
(DBN)

German exports to UK, U.S. fall sharply in Q3
(DBN)

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Nigeria:

Millions of Nigerians are falling for a 27-year old Russian Ponzi scheme
(DBN)

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Malaysia:

Minister: Close to 24,000 new bankrupts aged 34 and below
(DBN)

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Belize:

Belize bondholders ready talks with government
(DBN)

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New Zealand:

Insolvency industry self regulates to build public confidence
(DBN)

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Mexico:

Mexico pulls trigger on Trump 'Contingency plan'
(DBN)

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