October 4, 2016

The Daily Bankruptcy News

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Law:

Failed law firm’s leaders violated law by not giving proper notice before layoffs, federal judge says
(DBN)

Are Associate Bonuses Squeezing The Lateral Partner Market In Cali?
(DBN)

Kirkland & Ellis Names New Restructuring Partners In San Francisco and Munich
(DBN)

Cadwalader Names New Co-Head For Restructuring Group
(DBN)

Kim Koopersmith Of Akin Gump, On Law Firm Succession, Collaboration, Diversity, And Lawyer Retention
(DBN)

The Best Legal Brands In The World (2017)
(DBN)

Dewey Trust, Proskauer, Sidley Beat Malpractice Suit
(DBN)

Pathetic Parallels: Big Law and Corporate America
(DBN)

Trump University Taps Kasowitz to Advise on Appellate Fight
(DBN)

Sorry, technology isn’t easy—you take the time to learn, or you lose
(DBN)

How To Nag
(DBN)

Robots look set to join the law department of the future
(DBN)

Bankruptcy Lawyer: Compassion - Why Lawyers Fear It, And Why We Need It
(DBN)

Lawyers have computers BLOCKED if they fail to rack up seven hours of work a day
(DBN)

Former Dean: Under The Radar Faculty 'Bloodletting' Is Resulting In A Lost Generation Of Law Profs
(DBN)

Utah Welcomes 93 1Ls, Down 24% From 2010: Only Top 50 Law School With <100 Students, Audacious Goal Of 100% First-Time Bar Passage, 100% Professional Employment
(DBN)

More On Katherine Magbanua's Arrest In Dan Markel's Murder Third Person Charged in Murder of FSU Law Professor Dan Markel Police Zero In On Murdered Law Prof's In-laws, Experts Say
(DBN)

Alabama election official is disbarred bankruptcy attorney
(DBN)

The $10 Million Robbery of Kim Kardashian West
(DBN)

The Long Legal Battle Of Amanda Knox
(DBN)

10 habits of extremely boring people
(DBN)

People are suing Apple over the most annoying problem with the iPhone: “touch disease”
(DBN)

For the first time in 45 years, most Americans now oppose the death penalty
(DBN)

People miss the real reason O.J. Simpson got acquitted, says his lawyer Alan Dershowitz
(DBN)

Lawyers take reader vote for most famous BigLaw lawyer way too seriously
(DBN)

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Judges:

Alexander Hamilton and the new Supreme Court term
(DBN)

Justice Ginsburg Hints at Retirement
(DBN)

Appeals Panel Rips Judge Over One-Minute Decision
(DBN)

Merrick Garland’s Lonely Road to Purgatory
(DBN)

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Wall Street:

Dow set to rise as global markets march higher
(DBN)

Stocks close lower after US economic data; real estate lags
(DBN)

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Layoffs:

Adventist HealthCare cuts 90 jobs at Eastern Shore mental health facility
(DBN)

Ericsson to lay off 3,000 in cost-cutting drive
(DBN)

Cypress Semiconductor to cut 8% of workforce, 500 jobs
(DBN)

Muscogee (Creek) Nation Lays Off Hundreds Of Health Employees
(DBN)

CPS announces 250 more layoffs because of declining enrollment
(DBN)

Fitch: Banks cut back on mortgage servicing staff by 50%
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Retailing:

States Reach Agreement with Bankrupt Retailer which Targeted Servicemen, Vets
(DBN)

Sears' Potential Bankruptcy May Spook Toymakers Ahead of Holidays
(DBN)

Fitch: Sears Could File for Bankruptcy by 2018
(DBN)

These Darn Kids Today Are Destroying Mall Fashion
(DBN)

7 once-dominant retailers that are now on the verge of bankruptcy
(DBN)

Sears CEO Lampert Says No Problems at Kmart as Sales Slump for Seven Quarters
(DBN)

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Autos:

Takata in crisis
(DBN)

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Celebs:

Poor Little Rich Girl! ‘RHOBH’ Newbie Dorit Kemsley’s Hubby Claimed To Be $10M In Debt
(DBN)

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Coal:

Mounting Risk (and Opportunity) in Coal Industry Self-Bonding
(DBN)

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Banking:

Illinois suspends business with Wells Fargo amid growing fury Buffett Says He'll Wait Until November to Comment on Wells Fargo Real Reason Wells Fargo Stole
(DBN)

Morgan Stanley Brokers Pushed Loans to Win Dinners
(DBN)

Status of Banks Appearing on the Unofficial Problem Bank List, Since 2010
(DBN)

FDIC: Q2/16 Loan Growth Higher, Noncurrent C&I Loans Increase
(DBN)

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Religion:

Heavily Catholic Guam is torn by abuse allegations
(DBN)

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Economy:

A New Worry for Banks and the Economy
(DBN)

Credit Card Delinquencies Decline in 2016
(DBN)

ISM Manufacturing index increased to 51.5 in September Manufacturing PMI Shifted Back into Expansion
(DBN)

Treasuries Fall as Manufacturing Growth Fuels Wagers on Fed Hike
(DBN)

Construction Spending declined in August
(DBN)

U.S. Light Vehicle Sales increase to 17.7 million annual rate in September Ford Sept. Sales Fall 8.1%
(DBN)

8 years later, a look back on TARP
(DBN)

The Top 1% Get 17% Of Income, 27% Of Tax Expenditures
(DBN)

US Debt Clock
(DBN

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Office Vacancy Rate unchanged in Q3 at 16.0%
(DBN)

Black Knight August Mortgage Monitor: "Purchase Lending Highest Since 2007"
(DBN)

Looking to buy a home? Now is not the time
(DBN)

The Housing Bubble Explains Today's Odd Labor Shortage
(DBN)

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Municipalities:

Detroit defeats pensioners' appeal over bankruptcy cuts Appeals court rejects challenge to Detroit pension cuts
(DBN)

S&P downgrades Illinois a notch
(DBN)

Elizabeth Warren Slams Pat Toomey For Trying To Let Banks ‘Swindle’ Cities and Towns
(DBN)

Rescuing Cities
(DBN)

Protests Greet Puerto Rico Control Board
(DBN)

Chicago Public Schools Made Banks A Nice Little $110 Million
(DBN)

Audit:Scranton pension funds better, but still face insolvency
(DBN)

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Oil/Gas:

Tues.: Oil Edges Down As Opec Deal Glow Fades What Happens If The OPEC Deal Fails?
(DBN)

Oil Prices Rise on OPEC Optimism Oil settles above $50 as Iran calls for non-OPEC support Is The Oil Price War Finally Over?
(DBN)

OPEC rally prompts shale oil companies to hedge prices en masse
(DBN)

Judge rules against Alfaro, allows fraud lawsuit to proceed
(DBN)

Hercules Offshore Requests Ch. 11 Exclusivity Extension
(DBN)

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Food/Beverage:

Souplantation, Sweet Tomatoes owner files for bankruptcy Garden Fresh Restaurant Corp Files for Bankruptcy
(DBN)

The restaurant industry is giving off warning signs
(DBN)

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Hollywood:

Ryan Kavanaugh Puts Relativity up for Sale Joe Nicholas Said To Be Stepping Down As Co-CEO Of Relativity Media As Company Goes Up For Sale
(DBN)

3 Possible Relativity Media Buyers Now That the Studio Is For Sale Again
(DBN)

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Politics:

Trump’s tax mystery points toward the dealings around his first bankruptcies Just How Bad Is Trump's Tax News? Trump tax dodge common business strategy among housing types How Donald Trump Can Dodge Income Tax Searching for the Truth in Trump's 1995 Tax Return Trump's 1995 Return Shows Good Tax Policy at Work Did Donald Trump have even bigger business losses than his leaked 1995 tax return says? The Trump Possibility Trump Foundation Ordered to Halt Fundraising in New York Donald Trump Is an Economic Birther Too—And That's Even Scarier Now Trump's Apprentice TV Staff Out Him Not Even Rudy Giuliani's Partners at Greenberg Traurig Support Trump Donald Trump's Rough Week Vexes GOP Why Donald Trump Gets Pulled Off Course The Many Scandals of Donald Trump: A Cheat Sheet More than 1.2 million taxpayers deduct their business losses You don’t need “genius” to pull off Trump’s tax avoidance — you just need to be rich Did Donald Trump have even bigger business losses than his leaked 1995 tax return says? The mind-blowing scale of Trump’s billion-dollar loss, in one tweet Donald Trump's leaked tax returns help explain why he wants to end the estate tax Donald Trump Chooses Biglaw Firm To Fight New York Times Over Publication Of Tax Documents Trump Claims The New York Times ‘Illegally’ Published His Taxes. It’s Not Quite That Clear. Pundits Keep Citing Wrong SCOTUS Case to Justify NYTimes Publishing Trump’s Taxes Delta also pays no federal income tax due to past losses Trump Foundation Concerns Voters, Poll Shows Fact Check: Trump distorts ’90s economic downturn Business decisions nearly ruined Trump
(DBN)

Young adults prefer Clinton on income gap, divide on jobs Hillary Clinton opens up big lead over Donald Trump after his rough week Clinton promises to hold Wells Fargo accountable Hillary Clinton Says Donald Trump Left Taxpayers on the Hook
(DBN)

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Corporate Reform:

Morgan Stanley Accused Of Pulling A Wells Fargo
(DBN)

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Media:

Gawker.com to Be Liquidated After Being Excluded From Univision
(DBN)

Gawker Says It Expects to Win Legal Battle With Hulk Hogan Nick Denton Tries to Pursue Appeal of Jury Verdict in "Hogan v Gawker"
(DBN)

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Shipping:

Hanjin lost 'game of chicken' among global shippers, chairman says Hanjin Could Have Survived With Creditors’ Aid, Cho Says KAL chief blames government-backed rivals for Hanjin collapse
(DBN)

Hanjin creditor bank chairman says caution needed in selling S.Korean shipper
(DBN)

Maersk Unlikely to Buy Troubled Korean Container Ship Operators
(DBN)

Hanjin Shipping to get more funds to resolve cargo crisis
(DBN)

Drewry warns of “grim scenario” for debt-ridden carriers
(DBN)

South Korea's STX Offshore May Be Sold as Part of a Package Deal
(DBN)

Hanjin Shipping’s hurdles for Chinese bankruptcy recognition highlight country’s cross-jurisdictional challenges
(DBN)

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Tax:

How to protect against 'trust busting' by the US authorities – lessons learned from the Wyly case
(DBN)

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Music:

Judge approves latest plans to take SFX out of bankruptcy
(DBN)

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Autos:

GM Loses Bid To Put Ignition Switch Decision On Hold
(DBN)

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Solar:

SunEdison Says in Settlement Talks with TerraForm Yieldcos
(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 (18 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (43 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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Bankruptcy Statistics:

BK NV Filing Statistics Updated Through August 2016
(DBN)

WD NY: Area bankruptcy filings climb in September
(DBN)

Weekly Bankruptcy Claims Trading Activity (scroll down)
(DBN)

Toledo: Bankruptcy filings up 2nd month for 1st time in 7 years
(DBN)

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Bankruptcy Rules:

BK SD CA: Local Rules Amendments Become Effective
(DBN)

BK WD MI: Proposed Revisions to Model Chapter 13 Plan
(DBN)

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Cross-Border:

Chapter 15 at 11: Bankruptcy Code's Cross-Border Insolvency Law Approaches 11th Anniversary
(DBN)

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SCOTUS:

SCOTUS Asks For Government Brief In Bankruptcy Surcharge Case
(DBN)

Supreme Court Flirts with Tackling Another Chapter 11 Issue
(DBN)

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Automatic Stay:

Bankruptcy Judge Has Alleged Abuse Victim Pay Ex-Coach Bankruptcy Judge Fines Ex-College Athlete Over Timing of Abuse Lawsuit
(DBN)

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Plan Confirmation:

American Idol & The Absolute Priority Rule
(DBN)

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Proofs of Claim:

Will Supreme Court Provide Definitive Answer on Whether Filing Proof of Claim on Out-of-Statute Debt is an FDCPA Violation?
(DBN)

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Avoidance Actions:

Opinion in NewPage (Pirinate Consulting) is a Reminder of 547 Defenses
(DBN)

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Notice:

Pro Se Debtors Entitled to Different Notice Before Sua Sponte Dismissal
(DBN)

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Insurance:

D&O Insurance: What is a Claim and When Does Late Notice Defeat Coverage?
(DBN)

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Education:

Why Are Defrauded Corinthian Students Facing Debt Collection?
(DBN)

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Gambling:

Caesars' Bankruptcy Bills Top $300 Million
(DBN)

Who controls Caesars after bankruptcy?
(DBN)

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Student Debt:

Federal Student Loan Default Rates Continue to Decline
(DBN)

Financial protection bureau concerned by some student loan servicers’ practices
(DBN)

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UK:

Former footballer Dean Windass in bankruptcy court hearing
(DBN)

May Downgrades City in Brexit Shock for Financial Sector
(DBN)

Pound digs out new 3-decade lows as Brexit worries keep chipping away
(DBN)

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PIIGS:

Greece: Additional austerity projected for 2017
(DBN)

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Canada:

More than half of Canadians are $200 away from becoming insolvent
(DBN)

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Germany:

Is Deutsche Bank Insolvent ? There's a Little Bit of Deutsche in Every Bank German economy minister attacks Deutsche Bank: 'I did not know if I should laugh or cry'
(DBN)

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MENA:

Saudi’s adopt Gregorian calendar to avoid bankruptcy
(DBN)

Member of EFCBC demands urgent floatation of Egyptian pound to avoid bankruptcy of factories
(DBN)

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Australia:

Pre-insolvency advisors and other relationships
(DBN)

Dick Smith management 'hid financial troubles' from board
(DBN)

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Bahamas:

Baha Mar In $6m Monthly Value Fall
(DBN)

Baha Mar To Be Sold Twice As Court Process Ends
(DBN)

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Singapore:

Fate of Perisai lies with secured creditors
(DBN)

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Austria:

Carinthia looks set to avert bankruptcy
(DBN)

Austria Set to Close Heta Chapter as Creditors on Track for Deal
(DBN)

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