September 22, 2016

The Daily Bankruptcy News

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Law:

This Biglaw Firm May Demote Partners To Boost Profits Shearman reportedly considers demoting some equity partners Shearman & Sterling considering equity partner demotions
(DBN)

Which Firms Give In-House Counsel Nightmares? (2017)
(DBN)

Stroock Adds to Firms Changing Leadership
(DBN)

Why Hire a Lawyer When a Robot Will Do?
(DBN)

Global GCs predict continued growth in litigation
(DBN)

13 things every law student has secretly done
(DBN)

UK: The firms most at risk from US lateral hiring sprees
(DBN)

Research: Female solicitors are earning 20% less than their male colleagues
(DBN)

Lawyers ignore branding at their peril and need to be ‘media companies’
(DBN)

Several states report lower bar pass rates for July exam Sagging July Bar Exam Results in Florida and Elsewhere Defy Predictions
(DBN)

Deans Endorse ABA's Proposed 75% Bar Passage Accreditation Requirement
(DBN)

After 57% Enrollment Decline, St. Louis Welcomes Larger 1L Class With Lower LSAT, GPA Medians
(DBN)

How Much More Expensive Is Law School Today?
(DBN)

BigLaw could retain more women by hiring from lower-ranked schools, research suggests
(DBN)

Manners? What are they?
(DBN)

My Love-Hate Relationship With My Harvard Law Degree
(DBN)

Why Do Women Leave Firms? Because They Can
(DBN)

This Partner Doesn’t Mince Words When Speaking About What Made Him Leave Former Firm
(DBN)

Burke Ramsey Killed JonBenét? Not a Theory Everyone's Buying
(DBN)

New Legal Technology Products To Look Out For
(DBN)

Dentons subsidiary invests in tech startup aimed at simplifying corporate legal transactions
(DBN)

Massachusetts court finds that it’s ‘reasonable’ for black men to run from police to avoid racial profiling
(DBN)

The Long Life of Bridgegate
(DBN)

Why North Carolina Judges Can Still Refuse to Perform Same-Sex Marriages
(DBN)

North Carolina Governor Declares State of Emergency
(DBN)

Juror Prepared for Justin Ross Harris Hot Car Death Trial by Researching the Judge
(DBN)

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Judges:

‘Voodoo science’ is sending people to prison, federal appeals judge says
(DBN)

Deputy PD refuses judge’s request to remove Black Lives Matter pin; her boss supports her
(DBN)

Judge allows class action claiming State Farm secretly orchestrated Illinois justice’s campaign
(DBN)

RBG Explains Why The ‘Notorious RBG’ Moniker Is So Appropriate
(DBN)

SCOTUS Plays Inside Baseball With Business This Term
(DBN)

Donald Trump’s List Of Possible Supreme Court Nominees Nearly Doubles To 20
(DBN)

The Odds of Merrick Garland Getting Confirmed and Why It May Not Matter So Much
(DBN)

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Wall Street:

US futures pause as traders eye data, digest Fed decision
(DBN)

US stocks rise with oil prices ahead of Fed statement Dow jumps 150 points after Fed; Nasdaq up 1%, hits new all-time highs
(DBN)

Mother of All Stock Corrections Coming
(DBN)

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Layoffs:

AT&T announces layoffs affecting over 150 employees
(DBN)

L’Oréal USA to lay off 120
(DBN)

Clinton Foundation to Lay Off Dozens
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Aviation:

Airline that stepped in after Delta scaled back files for bankruptcy MEM Issues Statement on SeaPort Airlines Bankruptcy
(DBN)

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Shipping:

'Hanjin Shipping could be liquidated,' says Seoul bankruptcy court Hanjin Shipping tilting toward bankruptcy Court raises doubts over Hanjin receivership plan
(DBN)

Hanjin Receives U.S. Temporary Protection; BCOs May Now Retrieve Stranded Cargo
(DBN)

Hanjin Secures Korean Air Funds as Court Says Revival at Risk Korean Air to loan Hanjin Shipping 60 bln won to help unload cargo
(DBN)

Hanjin Gets $45 Million Credit Line From Korea Development Bank
(DBN)

Full Hanjin ship can't dock without plan to leave
(DBN)

Wedding dress, onions, frozen desserts stuck at sea and ports as freight carrier Hanjin goes bankrupt
(DBN)

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

As Hanjin Foundered, Its Former Chairwoman Abandoned Shares
(DBN)

The Hanjin Legacy
(DBN)

Hanjin Shipping's former chairman under probe for possible insider trading after selling off shares in company
(DBN)

K Line dismisses bankruptcy speculation
(DBN)

The Economist explains
(DBN)

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Golf:

More Bill Murray, Maybe That’s the Answer to Golf Industry Woes
(DBN)

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Healthcare:

$600 million HDL bankruptcy trustee lawsuit casts a wide net
(DBN)

Elizabeth Warren had one question for the maker of EpiPen, and the CEO couldn't answer it at all Mylan's EpiPen 'greed is astounding ... sickening and disgusting,' rep says 'This is why we don't believe you' — Congress rails on the maker of EpiPen How Much Has Medicare Spent on the EpiPen Since 2007? Mylan CEO offers no apologies as she goes before Congress
(DBN)

Healthcare Costs have risen the most in 32 Years
(DBN)

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Food/Beverage:

Creditors sue former Haggen owner over 'convoluted Machiavellian scheme' Creditors: Haggen’s former owner "tried to slink away" with millions owed to them in bankruptcy
(DBN)

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Autos:

Takata Said to Get Five Bids With KKR, Daicel Among Suitors
(DBN)

Volkswagen faces $9 billion in claims in Germany
(DBN)

CarMax Skids As Q2 Store Traffic Declines On Subprime Curbs
(DBN)

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Student Debt:

Student Loan Defaults Based on Principal Amount
(DBN)

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Corporate Reform:

Is It Time for the CFPB to Regulate Retail Bank Employee Compensation?
(DBN)

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Economy:

Fed keeps rates steady, signals one hike by end of year "The case for an increase in the federal funds rate has strengthened" The Fed lowers 2016 rate forecast, cuts projections for 2017 The Fed gets the most grief over this one chart Economists React to the Fed’s Decision: ‘One of the Most Divisive FOMC Meetings in Recent Memory’ Parsing the Fed: How the September Statement Changed from July Fed Keeps Rate Steady Again for No Reason
(DBN)

What Clinton and Trump Get Wrong About America’s Super Rich
(DBN)

You're Not as Rich as You Think
(DBN)

Why it’s so hard for most people to save money — even the wealthy
(DBN)

Most Small Businesses Are Barely Saving Any Money, New Study Shows
(DBN)

Central Bankers Throw in the Towel
(DBN)

Most states debate raising the minimum wage — South Dakota, however, wants to decrease it
(DBN)

Deutsche Bank: Recession Lights Flashing
(DBN)

Nobel prize-winning economist Stiglitz rates Yellen’s performance as Fed chair
(DBN)

What Happens to Wages When Refugees Arrive? More Than You Might Think
(DBN)

US Debt Clock
(DBN

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Home inventory falls for fifth straight quarter to near-record lows
(DBN)

House-Flippers Turn to the Crowd for Quick Cash. What Could Go Wrong?
(DBN)

Mortgage Delinquencies declined in August
(DBN)

Mortgage Applications Decrease in Latest Weekly Survey"
(DBN)

Troubled Sutton Place skyscraper's site is approved for sale
(DBN)

Landlords, Leases and Financial Distress
(DBN)

AIA: Architecture Billings Index declines in August
(DBN)

Chase officially satisfies $4 billion RMBS settlement consumer-relief requirement
(DBN)

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Municipalities:

Civil Rights Suit Enjoined by Automatic Stay in Municipal Bankruptcy
(DBN)

There are hidden gems in the Puerto Rican debt crisis
(DBN)

Latest Casualty of Puerto Rico Cash Grab is University System
(DBN)

PE Shows Its Savvy as Oaktree Looks To Sell Stake In Puerto Rico ...
(DBN)

Senate leader rips Detroit schools emergency manager (ex-bankruptcy judge) for giving teachers a raise
(DBN)

Detroit council heads seek pay data on city consultants
(DBN)

Public Pensions Are Being Overly Optimistic
(DBN)

Puerto Rico hit with islandwide blackout
(DBN)

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Oil/Gas:

Roundtable discussion drills into impact of new plugging and abandonment regulations on offshore operators
(DBN)

Offshore Oil's Dire Straits
(DBN)

Lightstream Resources Ltd is the latest oil and gas producer to seek creditor protection
(DBN)

Vanguard Natural Resources taps Evercore for debt reorganization -sources
(DBN)

Energy XXI Stakeholders Fight Amended Ch. 11 Plan
(DBN)

Deloitte Survey: Oil and Gas Executives See 2017 As a Year of Recovery
(DBN)

Standoff Between Big Oil and Big Corn
(DBN)

Seadrill - Restructuring Deal Announcement Now Expected In Early December
(DBN)

Oil and gasoline inventories decline more than anticipated
(DBN)

How To Find The Big Winners In Energy Following The Oil Bust
(DBN)

Templar Energy reorganizes $1.45 billion in debt, avoids bankruptcy
(DBN)

____________

Education:

Military veterans are losing GI Bill benefits because of ITT bankruptcy
(DBN)

____________

Celebs:

Former Duke star Laettner settles out of court over bankruptcy petition
(DBN)

____________

Politics:

President Trump's First Term Trump and the Truth: The “Mexican” Judge Trump Attacks Post Reporter Digging into Foundation Spending Checking the Math on Donald Trump’s Family Tax-Cut Promises Why Trump's Taxes Haven't Been Leaked Trump vaults ahead in 3 must-win states Study: Donald Trump’s trade policies could cost 4 million jobs Law professor: Trump can be impeached for fraud and racketeering before he even takes office Years after casino went bust, Gary still skeptical of Trump Trump Says African-Americans Are In Their 'Worst Shape' Ever. The Data Disagree Trump's Comments About African-Americans Set Off Another Firestorm Three states that could swing the election in favor of Trump
(DBN)

Clinton: Massive Lead Clinton holds onto lead over Trump in latest WSJ/NBC poll Clinton Aide Fears Debate Hosts Will Go Easy On Trump When It Comes to Baskets, We’re All Deplorable Hillary Clinton: My Plan for Helping America’s Poor
(DBN)

George H.W. Bush's Defection Is a Big Deal
(DBN)

Most Battleground States Posted Healthy Job Growth Over the Past Year
(DBN)

How Close is the Race for White House?
(DBN)

Will the “Least Terrible” Candidate Win the Elections?
(DBN)

____________

Tax:

US Government Extends Reach as Creditor Beyond the Insolvent Estate
(DBN)

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Amusement Parks:

More than $800K spent in legal, other fees for Conneaut Lake Park
(DBN)

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Coal:

Feds Winning Their War on Coal, at a Cost
(DBN)

Bust Hits America’s Cowboy Coal Basin After 40 Years of Boom
(DBN)

Senate panel approves pension rescue for coal miners
(DBN)

____________

Mass Torts:

NYC Receives Last of More Than $100M of Recovery for Asbestos Removal
(DBN)

____________

Tech:

Inside the catastrophe at Mode Media, the billion-dollar juggernaut that suddenly went bust
(DBN)

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Hotels:

Hotel demand is slowing as supply increases
(DBN)

____________

Religion:

California diocese outlines plan to exit bankruptcy this year Stockton Diocese to pay $15 million to sexual abuse victims
(DBN)

Lawyer fees reach $11 million for Twin Cities Archdiocese
(DBN)

____________

Bankruptcy Crimes:

Federal judge sentences man in bankruptcy embezzlement case
(DBN)

NV: Woman Sentenced For Bankruptcy Fraud Scheme
(DBN)

____________

 


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 (16 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (39 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:

August consumer bankruptcy filings inch higher
(DBN)

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Avoidance Actions:

“Reasonably Equivalent Value” – – A Path Without Guideposts.
(DBN)

Defending A Preference Action – Can You Setoff Post-Petition Amounts Owed by the Debtor Against Your Preference Liability?
(DBN)

Ninth Circuit Insulates California Tax Sale from Fraudulent Transfer Attack
(DBN)

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Unexpired Leases:

Deemed Lease Rejection: Nothing Says That the Bankruptcy Code Must Make Sense
(DBN)

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Proofs of Claim:

Fourth Circuit Rejects FDCPA Claim Based on Stale Proof of Claim
(DBN)

Pac Sun Class Representative Denied Permission to File Class Proof of Claim on Behalf of Priority Claimants
(DBN)

____________

Jurisdiction:

Stern Amendments to Bankruptcy Rules
(DBN)

____________

Notice:

What is the point of that?
(DBN)

____________

Gambling:

Caesars Pledges More Than $5 Billion to Unit's Reorganization
(DBN)

Caesars offers another $1.6 billion to creditors of bankrupt unit
(DBN)

Caesars Gives Creditors Friday Deadline To Grab Extra $1B
(DBN)

Caesars private equity owners look to fold 'em
(DBN)

____________

Fraud:

Hedge-Fund Son Thought Hedge-Fund Dad's Trades Were Pretty Fishy
(DBN)

At Wells Fargo, workers say, sales focus was all-consuming Why Blaming Front-Line Staff for Wells Scandal Makes No Sense Wells Board, Tolstedt Sued by Investor Over Accounts Scandal Wells Fargo's Perfect Storm of Scandals
(DBN)

Clawing Back Bankers’ Pay at Wells Fargo Is Harder Than It Looks
(DBN)

Fraudster gang spent £113m on fast cars and hotels whilst one of their victims committed suicide
(DBN)

Not Wells Fargo's First Rodeo...
(DBN)

Madoff Accountants Say Trustee Can't Reargue Dismissal
(DBN)

SEC Charges Omega's Leon Cooperman With Insider Trading
(DBN)

____________

Waste:

Trash hauler files for Chapter 11 bankruptcy protection
(DBN)

____________

Metals:

Aluminum plant in trouble?
(DBN)

____________

Tobacco:

5 Reasons for NJOY’s Bankruptcy
(DBN)

____________

Alternative Energy:

BlackRock Said to Consider Bidding for SunEdison Yieldco
(DBN)

____________

Lehman:

Lehman Ends $1B Spat Over GreenPoint RMBS
(DBN)

____________

UK:

Court of Appeal considers the treatment of contingent assets in balance sheet test
(DBN)

____________

EU:

Leak of files from Bahamas corporate register reveals former head of Europe’s antitrust watchdog was recruited by UAE venture set up to buy Enron assets
(DBN)

ECB Launches Public Consultation on Guidance to Banks on Non-Performing Loans
(DBN)

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PIIGS:

Spain's Banco Popular to Cut Up to 3000 Jobs, Close Branches
(DBN)

____________

Canada:

Bedrock Industries looking to buy bankrupt US Steel Canada
(DBN)

Why Canadians Are Being Offered Cash to Abandon Their Homes
(DBN)

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India:

ABG Shipyard shareholders reject lenders' proposal to invoke SDR
(DBN)

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China:

The first really meaningful and massive Chinese bankruptcy has arrived
(DBN)

China's great debt restructuring has begun
(DBN)

China gets steelier about debt restructuring
(DBN)

____________

Brazil:

Oi Surges After Report of M&A Interest From Billionaire Slim
(DBN)

JPMorgan Makes Push for Debt-Restructuring Business in Brazil
(DBN)

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Bahamas:

Smith Defends Committee Over Lack Of Contact With Baha Mar Employees
(DBN)

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Asia:

Restructuring, Turnaround and Insolvency in Asia Pacific 2016
(DBN)

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Singapore:

High Court Allows Appointment Of Foreign Bankruptcy Trustee In Singapore For The Purpose Of Foreign Insolvency Proceedings.
(DBN)

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Australia:

Restructuring, Turnaround And Insolvency In Australia.
(DBN)

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Suriname:

Suriname slides into economic abyss, in shadow of Venezuela
(DBN)

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