September 20, 2016

The Daily Bankruptcy News

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Law:

The Biglaw Pay Raises Head South
(DBN)

Summer Associates Happy With Paychecks, Unhappy With Biglaw’s Diversity
(DBN)

Pillsbury Adds Bankruptcy Pro In Houston Pillsbury Picks Up McKool Smith Bankruptcy Lawyer
(DBN)

Wow! This Law School’s Tuition Cuts Will Save Students More Than $50K Law Schools Cut Tuition to Entice Applicants
(DBN)

Kasowitz Bets Big on $90B Case
(DBN)

When General Counsels Return to Law Firms
(DBN)

Stop Using Stare Decisis To Justify Lousy Policies And Inefficiencies
(DBN)

K&L Gates announces two successors to longtime leader Peter Kalis
(DBN)

New global chair for McDermott
(DBN)

Not if but when: The rise and rise of AI in legal practice
(DBN)

5 Things To Know About The Heller Ehrman Clawback Case
(DBN)

Law firm profitability under pressure amid M&A slowdown
(DBN)

Buying new IT isn’t going to give Norton Rose the breakthrough it wants
(DBN)

Latham & Watkins launches breast milk delivery program for female lawyers working away on business
(DBN)

Did Hillary Clinton fudge a detail in her LSAT recollection?
(DBN)

Apple’s new iPhone 7 cameras don’t live up to the hype: Consumer Reports
(DBN)

Chris Christie knew about bridge scheme as it unfolded, prosecutors allege in trial of ex-officials Bridgegate Was No Shock for Chris Christie, Prosecutors Tell Jury U.S. Says for First Time That Christie Knew of Bridge Plot Federal Prosecutors and Witnesses Contradict Christie Account In Federal Bridgegate Trial It Seems Like Everybody Agrees The Wrong People Are On Trial For Bridgegate
(DBN)

Cops Accidentally Recorded Themselves Making Up Charges Against Protester, Lawsuit Says
(DBN)

Reaping The Benefits Of Playing A Lawyer On TV
(DBN)

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Judges:

Benchslap Of The Day: Blow Off Preparing A Privilege Log At Your Peril
(DBN)

State Farm Faces Suit Over Claims It Bankrolled Judge
(DBN)

Federal judge Smith retires during ongoing investigation
(DBN)

Merrick Garland Shouldn't Get His Hopes Up
(DBN)

Tensions rise over judicial nominees
(DBN)

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Wall Street:

U.S. stocks set for small bounce ahead of Fed, BOJ meetings
(DBN)

Asia stocks wobble as investors nervously await Fed, BOJ
(DBN)

Stocks close mostly flat as oil settles off highs
(DBN)

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Layoffs:

Bankrupt North Jersey fashion retailer to cut 105 jobs
(DBN)

CPX Lays Off More Than 200
(DBN)

Volvo Group Trucks plant to lay off 143
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Retailing:

Kmart is closing 64 stores and firing thousands of employees Here's the full list of Kmart stores that are closing
(DBN)

Saving the Big Box: Inside the plan to revive Toys 'R' Us
(DBN)

Claire’s Gets Waiver Amid Advanced Talks to Push Debt Swap
(DBN)

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Fashion:

Behind the Scenes of Pyer Moss's Daring Fashion Show About American Greed
(DBN)

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Healthcare:

Fitch Places Community Health Systems' Ratings on Evolving Watch
(DBN)

Top execs ousted at KentuckyOne Health
(DBN)

HDL files $600 million lawsuit against former executives, officers
(DBN)

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Newspapers:

Rutland Herald Sale Ends An Era For Vermont Newspaper Family
(DBN)

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Solar:

SunEdison's yieldcos exploring strategic options, including sale SunEdison’s TerraForm Units Both Say They’re Seeking Buyers Sullivan & Cromwell Reps SunEdison Yieldcos In Possible Sale
(DBN)

SunEdison's Bankruptcy Heirs Seek New Strategy for Its Assets
(DBN)

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Marketing:

Delivery Agent Files Voluntary Chapter 11 to Implement 363 Sale
(DBN)

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Banking:

The Banks We Complain About the Most
(DBN)

Wells Fargo CEO Stumpf: 'I Accept Full Responsibility' for Unethical Sales Practices
(DBN)

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Autos:

Takata Shares Fall; Bidders Said to Mull Bankruptcy Option Takata shares dive on bankruptcy buyout report Takata lines up bids despite uncosted liabilities
(DBN)

VW Under Fire as Only 1 in Ten Cars Fixed
(DBN)

Car Sales and Subprime Lending
(DBN)

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Accounting:

Ernst & Young Auditors Got “Too Close To Clients On A Personal Level,” If Ya Know What The SEC Means SEC: Ernst & Young to Pay $9.3 Million Over Former Partners’ Personal Ties to Clients
(DBN)

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Economy:

The Old Fed is Dead
(DBN)

Here’s one big reason the Fed can wait to raise rates
(DBN)

Key Financial Crisis Factor is Back
(DBN)

Corporations Hoarding $2.5 Trillion Overseas
(DBN)

Consumer debt nearing dangerous levels
(DBN)

Kolko: "Unpacking the Jump In Median Household Income"
(DBN)

Hotels: "Demand Growth Slows, Supply Growth Increases"
(DBN)

The Anniversary Of Lehman And Men Who Don’t Work

US Debt Clock
(DBN)

When America Welcomed Refugees
(DBN)

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Mortgage Equity Withdrawal as a Percent of Disposable Personal Income Since 1980
(DBN)

NAHB: Builder Confidence increases to 65 in September
(DBN)

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Municipalities:

Municipal Bankruptcy: Coming Soon to a City or Town Near You?
(DBN)

Snyder officials inoculate state from Flint water suits State's cowardly act: Changing the rules for Flint
(DBN)

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Oil/Gas:

Is Bonanza Creek Energy In Serious Trouble?
(DBN)

Lightstream Seeks Creditor Protection After Debt Deal Fails
(DBN)

Icahn Dumps More Than Half His Stake in Gas Giant Chesapeake
(DBN)

Is U.S. Shale Nearing Collapse? Is U.S. Shale Nearing Collapse?
(DBN)

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Celebs:

Schilling reaches settlement in video-game company case
(DBN)

Joe Giudice Net Worth To Grow After Prison Sentence? ‘RHONJ’ Star Focusing On Health
(DBN)

Dance Moms star Abby Lee Miller pleads with judge to allow her to take a two-day business trip to Mexico - even as she awaits sentencing on bankruptcy fraud charges
(DBN)

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Politics:

Clinton tells millennials, election not a "reality TV show" Hillary Clinton and Her Dreadful Lies Clinton: 'The secret is' Trump 'has no plan'
(DBN)

Ford fires back at Trump, citing booming U.S. big-truck output It's Not Just Birtherism Trump Begs to Call Trump U. Success Stories Trump: 'Evil thug' suspect in NYC bombing will 'probably even have room service' Trump blasts debate moderators: It's 'a phony system' Donald Trump Jr. compares refugees to death-dealing Skittles
(DBN)

Hank Paulson Backs Clinton, Slams Trump
(DBN)

Those Who Need Gov't the Most, Complain Most
(DBN)

'Deplorables' and the Myth of the Single-Issue Voter
(DBN)

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Electricity:

NextEra Sweetens Deal for Energy Future's Oncor Report: NextEra putting up more cash to seal Oncor deal Energy Future, NextEra Resolve Last Big Objection Over Oncor
(DBN)

Energy Future Clears Big Hurdle With Approval of Oncor Sale
(DBN)

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Gambling:

Caesars' backers fight demand for personal wealth disclosure
(DBN)

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Fishing:

Krill harvest giant's bankruptcy court date postponed
(DBN)

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Asset Protection:

The Availability of “Backward Tracing” in Jersey Offers Creditors Another Remedy Offshore
(DBN)

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Student Debt:

College debt collection practices under scrutiny
(DBN)

As Student Loan Defaults Increase, So Do the Scams
(DBN)

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Corporate Reform:

Senator Warren Questions DOJ Crisis Probe, Wells Fargo Culture
(DBN)

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Shipping:

Emergency Appeal in Hanjin Shipping Case Highlights Disconnect between Bankruptcy and Maritime Law in the United States
(DBN)

Korean Court Orders Hanjin to Cut Its Fleet Hanjin to return chartered vessels
(DBN)

China: Shipbuilding in the doldrums
(DBN)

Hanjin’s Retail Ripples
(DBN)

Why Hanjin's Zombie Collapse Won't Be The Last One
(DBN)

S. Korea seeks diplomatic help for embattled Hanjin Shipping
(DBN)

Hanjin bankruptcy 'unknown territory', good for the long term
(DBN)

Hanjin’s returning charters and selling ships, depressing global shipping assets
(DBN)

Hanjin Milano: Stranded box freighter stuck in tense stand-off outside Port Phillip Bay
(DBN)

PSA imposes $5000 refundable deposit for each Hanjin container
(DBN)

Hanjin shares dive on fears over parent's cash help
(DBN)

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E-Cigarettes:

NJOY files for bankruptcy, blaming poor sales and compliance costs
(DBN)

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New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

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

Recent Ch. 11 Adversary Proceeding Filings (9 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:

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

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Plan Confirmation:

Judge Sontchi’s Decision to Confirm Horsehead’s Plan Was One of His Honor’s Most Difficult and Closest Calls in Ten Years on the Bench
(DBN)

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Arbitration:

Bankruptcy Court Denies Motion to Compel Arbitration
(DBN)

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Avoidance Actions:

Lyondell Decision Opens Door to Actual Fraudulent Conveyance Claims by Lenders in LBOs
(DBN)

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Privilege:

Common Interest Privilege Limited to Litigation In New York
(DBN)

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Finance:

When Does an MFN Interest Rate Increase Trigger Cancellation of Debt Income?
(DBN)

You Can’t Have Your Cake and Eat It Too: Noteholders Who Convert Prior to Maturity Don’t Get the Final Interest Payment
(DBN)

A Look at Section 314(d)(1) of the TIA: Protections for Bondholders When Releasing Collateral
(DBN)

Court Declines to Expand the Source of Payment for a Tribal Debt Indenture in Default
(DBN)

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Jurisdiction:

Post-Confirmation Jurisdiction Is Narrow Following a Bona Fide Reorganization
(DBN)

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Bankruptcy Rules:

Stern Amendments to Bankruptcy Rules
(DBN)

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Safe Harbors:

Delaware Bankruptcy Court Declines To Follow Second Circuit And Holds Safe Harbors Do Not Apply To Some State Law Fraudulent Conveyance Claims
(DBN)

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Religion:

Vatican delegate urges Pope Francis to fire Guam archbishop over abuse
(DBN)

Diocese of Gallup sells chancery building amid bankruptcy
(DBN)

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UK:

UK bankruptcy law flaw preventing Alpari UK administrator KPMG from distributing more funds – LeapRate Exclusive
(DBN)

Israel's Supreme Court rebukes England's High Court in insolvency case
(DBN)

A new case on super, bankruptcy and death benefits
(DBN)

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PIIGS:

Greece: Bankruptcy law set for overhaul?
(DBN)

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Canada:

Troubled developer Urbancorp sells projects to homebuilders in latest step in restructuring
(DBN)

Lightstream Announces Commencement of CCAA Process
(DBN)

Canada's Debt Plan Praised as Model by IMF May Be 'Overrated'
(DBN)

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India:

Investors acquiring distressed companies may be spared open offer
(DBN)

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Bahamas:

Baha Mar Payout Process 'Bodes Ill For Future FDI'
(DBN)

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MENA:

UAE Banks Federation hails approval of bankruptcy law
(DBN)

UAE's rescue plan for SMEs set to see $1.9bn loans restructured
(DBN)

Dubai's Gulf Navigation looks to end creditor woes with debt cut
(DBN)

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Venezuela:

Venezuela Crises Compound as Oil Industry Falls Into Disarray
(DBN)

PDVSA Debt Swap Plan Gets Early Thumbs Down From Investors
(DBN)

S&P Downgrades Venezuela's PDVSA: Swap Is Default?
(DBN)

Venezuela's PDVSA presents $7B debt swap plan
(DBN)

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Brazil:

Brazil court delays ruling on Grupo OAS debt plan for two weeks
(DBN)

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Australia:

US law firms to continue Bell Group saga
(DBN)

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China:

China's debt load is flashing 'a reliable early warning indicator' of a banking crisis
(DBN)

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