October 5, 2016

The Daily Bankruptcy News

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Law:

Law Firms Come to Terms with Shifting Space Needs
(DBN)

Law Firm Blogs Can Get You Fired (or Hired), In-House Lawyers Say
(DBN)

Women Lawyers Who Sued Firms Reflect on Their Decision
(DBN)

UK: Olswang restructuring head exits for McDermott amid merger talks Olswang exits continue amid merger talks as restructuring head quits for US firm
(DBN)

Women And The Panopticon Of The Law: Navigate The Smoking Club Rules
(DBN)

Retired M&A partner gives $7.7M to law school
(DBN)

Lawyers will have to cut 1,000 words from their arguments in federal appeals briefs An Effort To Make Verbose Lawyers A Little Less Verbose Judges Push Brevity in Briefs, and Get a Torrent of Arguments
(DBN)

UK: Baker & McKenzie ups junior lawyers’ pay packets to £72,000
(DBN)

Kirkland & Ellis London NQ dollar-pegged pay packets swell to over £140,000 as pound hits 31 year low
(DBN)

Suspect accepts plea deal in slaying of law prof Dan Markel; his help led to third person’s arrest The Dan Markel Case: Luis Rivera Pleads Guilty
(DBN)

Who Made Partner at Kirkland, Covington, Goodwin and Curtis
(DBN)

Cuomo and Christie Discussed Bridge Fallout, Trial Witness Says Bridgegate Cover-Up Had Cuomo's Backing, Star Federal Witness Says
(DBN)

The Best Tech Upgrades You Can Get for Your Firm
(DBN)

The Only Top 50 Law School With Fewer Than 100 1Ls
(DBN)

Guy Allegedly Pulls Gun During Deposition (FWIW, You’re Not Supposed To Do That)
(DBN)

Was Kim Kardashian a Victim of the Pink Panthers?
(DBN)

Judge tosses $40M excessive-force suit against Ferguson police
(DBN)

Service of process via Twitter is allowed in suit
(DBN)

Biglaw Partner Killed His Wife, Allegedly Because Of ‘Black Lives Matter’
(DBN)

Teen Tried to Hire Clown to Kill Teacher
(DBN)

Man Who Sold Laundry Soap As Cocaine is Being Tried as an Actual Drug Dealer
(DBN)

Met Museum Sued for $100 Million Picasso
(DBN)

14 ways to become a more interesting person
(DBN)

How to tell someone's lying to you just by watching their face
(DBN)

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Judges:

Marriage advice from Justice Ginsburg’s mother-in-law has helped her in the workplace
(DBN)

Breyer Turns Kim Kardashian Into Oral Argument Hypo — Weep For The Republic SCOTUS Worries About Kardashian Heist
(DBN)

GOP Senator: Nobody Believes Next President Should Get SCOTUS Pick
(DBN)

Why does the Supreme Court refuse to hear some big cases?
(DBN)

Fifth Circuit Rules Against Waco Judge's Impeachment for Harassment
(DBN)

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Wall Street:

U.S. stock futures penned in by job-market uncertainty
(DBN)

Stocks close lower as dollar hits near-two-month high
(DBN)

Bankrupt Rochdale Securities Wins $8 Million Award Against Wall Street Firm
(DBN)

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Layoffs:

United Technologies will retrain Carrier workers when jobs move to Mexico-CEO
(DBN)

A big Dutch bank is replacing 5,800 people with machines, at a cost of $2 billion
(DBN)

PHA will lay off 126 to combat huge deficit
(DBN)

UC Irvine Health to lay off 175 employees
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Food/Beverage:

Don Pablo's files for bankruptcy Owner of Don Pablo's Restaurants Files for Bankruptcy Don Pablo's Tex-Mex chain files for bankruptcy protection
(DBN)

Bankrupt Garden Fresh finds a buyer
(DBN)

Olive Garden Owner Says It'd Sure Be 'Helpful' If More Chains Went Bankrupt
(DBN)

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Celebs:

Instagram Star Blake Coronado files for Bankruptcy
(DBN)

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Distressed Investing:

Investors Piling Into Junk Bonds Could Be Overlooking Warning Signs
(DBN)

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Banking:

Wells Fargo account scandal extends to small business -U.S. senator
(DBN)

ATM fees hit a 10-year high as banks search for more income
(DBN)

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Retailing:

Sears resumes trade sharply higher after report that bids for Craftsman business due by end of month
(DBN)

Is Kmart closing? Sears says no
(DBN)

Ex-Forever 21 Shipper Says Amazon Deal Is Post-Ch. 11 Hope
(DBN)

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Healthcare:

St. Catherine med center sale finalized
(DBN)

A woman had a baby. Then her hospital charged her $39.35 to hold it.
(DBN)

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Consumer Finance:

The fight over new payday lending rules gets nasty
(DBN)

Judge orders race car driver and companies to pay record $1.3B restitution in payday-lending scheme
(DBN)

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Autos:

Lawmakers: Takata Bankruptcy Could Leave Consumers On The Hook For Repairs
(DBN)

Revisiting the Post-Sale Duty to Warn
(DBN)

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Lehman:

Life after administration: contractual interest payments
(DBN)

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Economy:

The Fed finally accepts ‘slow growth forever’
(DBN)

Fed’s Lacker wants central bank to be ‘preemptive’ like 1994
(DBN)

Fed: Q2 Household Debt Service Ratio Very Low
(DBN)

Juckes: Fed Locking in Confidence for a December Move
(DBN)

Backlash to World Economic Order Clouds Outlook at IMF Talks
(DBN)

Why Americans Feel Poor, in One Chart
(DBN)

Top Capital Sources for U.S. E&P Companies over Next 12 Months
(DBN)

As Trump Threatens Tariffs, Here's How Protectionism Could Thwack the Global Economy
(DBN)

Woes in Wealthy Countries to Offset Emerging-Market Turnaround, Says IMF IMF cuts growth forecasts for U.S. and neighbors IMF sees pickup in U.S. inflation sooner than Fed does
(DBN)

These 9 charts could define the future of America's workforce
(DBN)

San Francisco is Not the Queen of Startup Land, this Map Shows Why
(DBN)

Who Pays Most for Housing, Health Care and Groceries
(DBN)

US Debt Clock
(DBN

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Home prices heat up: Crisis and opportunity
(DBN)

House Prices up 6.2% Year-over-year in August
(DBN)

Manhattan's housing market is slowing down
(DBN)

Apartment Vacancy Rate unchanged in Q3 at 4.4%
(DBN)

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Municipalities:

As Chicago Stanches Fiscal Bleed, Schools Are Awash in Red Ink
(DBN)

Cities Fight Back Against State Interventions
(DBN)

Puerto Rico economic activity falls 1 percent in August
(DBN)

Justices hear argument over bribery charges in Puerto Rico Fruitful Arguments in Supreme Court Puerto Rico Bribery Case
(DBN)

Judge Denies Class Action in UBS Puerto Rico Securities Case
(DBN)

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Oil/Gas:

Anticipate 20% Decrease in Fall Borrowing Bases: Haynes and Boone Survey
(DBN)

Oil and gas drillers have a test coming up that will decide bankruptcy for some
(DBN)

It Sounds Like OPEC Just Cried Uncle
(DBN)

Non-OPEC participation in deal would cut 1.2 mln bpd - Venezuela OPEC's agreement 'has more chance of failing than succeeding'
(DBN)

Could The Bottom Fall Out Of This Oil Rally?
(DBN)

Canada's Oil Industry Losses to Reach $10 Billion in 2016
(DBN)

SandRidge Energy emerges from bankruptcy
(DBN)

Murphy Energy/Connect Transport Files Ch. 11 - First Day Dec First Day Pleadings
(DBN)

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Shipping:

Measuring the Human Toll Taken By Hanjin's Insolvency
(DBN)

Hanjin begins layoffs in Paramus
(DBN)

Shipping fiasco was unavoidable: Hanjin chief
(DBN)

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Electricity:

Luminant, TXU Energy finally out of bankruptcy; Curt Morgan named CEO Luminant, TXU Energy emerge from bankruptcy after more than 2 years
(DBN)

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Politics:

Clinton: Obamacare is the Craziest Thing
(DBN)

Warren blasts Ayotte over Trump 'role model' gaffe Sen. Ayotte Says She 'Misspoke' When Calling Trump a Good Role Model Donald Trump: The Ugly American Trumps says US vets with PTSD aren't 'strong.' Will vets still back him? Trump’s PTSD take is ripped by Biden — but not by the vet who asked the question Only A Handful Of Lawyers At This Firm Support Donald Trump — And One Of Them Is Rudy Giuliani Note to Voters Under 30: Giuliani Was Respected Once No, Donald Trump's tax avoidance is not normal Donald Trump's campaign appears to be slipping into death spiral Donald Trump is trying out a new defense for allegedly not paying his federal income taxes Did Trump's Accountant Talk Out of School? Understanding Donald Trump’s Legal Options Against The New York Times 11 First Amendment Experts Comment on Legality of NYT Release of Trump’s Tax Returns
(DBN)

Hillary Clinton's postdebate surge is now clear
(DBN)

The stark differences between the Trump and Clinton tax plans and how they address ‘loopholes’
(DBN)

Gary Johnson: it’s good to not know stuff about other countries
(DBN)

Mayor of Pennsylvania town under pressure to resign for comparing Obama and family to apes
(DBN)

America's largest companies dodge taxes on a much larger scale than what Donald Trump did
(DBN)

Mike Pence sounded like he wasn't even on Trump's ticket Liberal pundits concede: Mike Pence won the debate Focus group's reaction to one Mike Pence moment had pollster calling it the 'knockout punch' of the debate Tim Kaine couldn't stop interrupting Mike Pence during the vice presidential debate Reports suggest Donald Trump is unhappy at Mike Pence for winning the VP debate FactCheck: Vice Presidential Debate Mike Pence 'won' the debate by pretending Donald Trump doesn't exist
(DBN)

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Radio:

IHeartMedia Gets Lender Consent to Add $500 Million of Debt
(DBN)

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Fraud:

The rise and fall of Enron
(DBN)

En banc 5th Circuit asks: Why do people buy into pyramid schemes?
(DBN)

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Education:

State AGs' ITT Tech Suits Put On Hold, For Now
(DBN)

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Alternative Energy:

Republicans Split Over Renewing Alternative-Energy Tax Breaks
(DBN)

____________

Celebs:

SEC Says Wyly Estate Must Hand Over $101M Final Judgment
(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 (33 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (32 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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Mediation:

How the Mediation Privilege Works, with an “Opened the Door” Exception: a New Bankruptcy Court Ruling
(DBN)

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Trustees:

BK ED MO Seeks Ch. 13 Trustee
(DBN)

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TBTF:

U.S. regulators say will review Wall Street 'living wills'
(DBN)

Big-Bank Plans for Life After Death Released by U.S. Regulators
(DBN)

Big Banks Tweak Business Plans to Avert New Regulator Costs
(DBN)

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Reclamation:

Delaware Bankruptcy Court Upholds Reclamation Creditors’ Rights
(DBN)

Satisfaction of a Prepetition Loan by a DIP Loan Does Not Extinguish Vendor’s Reclamation Rights Under Section 546(c)
(DBN)

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Bankruptcy Rules:

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

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Mootness:

Sixth Circuit Split Decision Upholds Equitable Mootness in Chapter 9
(DBN)

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Student Debt:

Student loans: What to do when you owe more than your annual salary
(DBN)

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Pharma:

Florida Biopharma's Bankruptcy Leaves Big Firms Holding Bag
(DBN)

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Gambling:

How buyout firms have 'cake and eat it too' in Caesars bankruptcy
(DBN)

Caesars, Creditors Ask Judge To Stay Guaranty Lawsuits
(DBN)

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Defaults:

S&P: Speculative-Grade Default Rates Hit 6-Year High
(DBN)

US Leveraged Loan Default Rate at 5-Month Low After Spotless September
(DBN)

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UK:

Pound's Plunge Highlights Brexit Divide Pound drops to fresh 31-year low, briefly trading below $1.27
(DBN)

Billions of ABFAb Finance
(DBN)

Insolvent companies, the 'statutory purpose' and administrations
(DBN)

Banks Tell Britain To Prepare For Brexocalypse
(DBN)

London Could Face 75,000 Job Losses, Hedge Funds Profit from Battered Sterling
(DBN)

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EU:

European businesses are terrified about the future — and it is crushing the economy Eurozone economy stutters, adding pressure on ECB
(DBN)

EU Readies Plans for Clearing Crisis, the Next Too-Big-to-Fail
(DBN)

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PIIGS:

Bank of Italy sees alternatives if sale of rescued banks flops
(DBN)

EU tells Greece to meet bailout conditions by Monday
(DBN)

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Canada:

Pension decision looming for thousands of former Nortel workers
(DBN)

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Australia:

Proposed outlawing of ipso facto termination clauses
(DBN)

Streamlining liquidation and relief for directors
(DBN)

Show me the money: Impact of the Australian insolvency regime on the enforcement of obligations and awards
(DBN)

____________

Singapore:

Singapore Junk Bonds Slump as Chartering Group Swissco Seeks Restructuring
(DBN)

Singapore millionaire, 77, joins bondholders in workouts
(DBN)

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India:

Has The Insolvency And Bankruptcy Code, 2016 Been Successfully Decoded?
(DBN)

RBI to ease norms on debt restructuring
(DBN)

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Germany:

The 4 scariest charts from Deutsche Bank's dramatic sell-off Deutsche Bank needs a bail-in — here’s how it could be done Roger Altman Thinks It’s High Time That Everybody Stop Picking On Poor Tiny Deutsche Bank Deutsche Bank offers a tough lesson in risk Germany's largest bank is facing a huge fine, prompting fear of a new financial crisis Deutsche Bank's troubles touch a nationalist nerve Deutsche Bank's rally is gaining steam Deutsche Bank Brings Too-Big-to-Fail Quandary Home to Merkel Deutsche Bank, Lehman and the End-of-Days Debate
(DBN)

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Asia:

Struggling Asian markets need tough insolvency regimes
(DBN)

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Brazil:

Brazil should redouble attention to carrier Oi, official says

Elliott Said in Talks for $3 Billion Investment in Brazil’s Oi
(DBN)

____________

Venezuela:

Venezuela's well-paid oil workers are selling their uniforms for food
(DBN)

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