September 28, 2016

The Daily Bankruptcy News

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Law:

These law firms make up the litigation ‘fearsome foursome,’ general counsel survey finds
(DBN)

Caesars Deal Means End of Fee Frenzy for Bankruptcy Lawyers
(DBN)

Biglaw Associates Do Not Understand How Small Towns Work
(DBN)

BigLaw Could Retain More Women By Hiring From Lower-Ranked Schools
(DBN)

Global Law 100 - A Third Had Decline in Revenue Per Lawyer (RPL)
(DBN)

Cheaper, Faster and Better? AI and the Future of the Profession Freshfields signs deal to use artificial intelligence technology for contract review
(DBN)

Instapundit Gets Reprieve from Law School After Incendiary Tweet
(DBN)

Where Will the Legal Jobs Be in 2026?
(DBN)

Global M&A values down 50 per cent, research finds
(DBN)

In 2016, as never before, “business as usual” means that fluency in technology is “table stakes” for all professionals
(DBN)

Honigman Partner Who Saved Detroit's Art Joins Jones Day
(DBN)

Houston gunman was a good lawyer, former law partner says Texas Shooter Who Wore Nazi Gear During Rampage Was ‘Good, Competent Lawyer’
(DBN)

Workplace Bullying, Academic Style
(DBN)

Review: Apple Watch Series 2
(DBN)

Pumping and Practicing: A Delicate Balance
(DBN)

Top state court should toss 24,000 convictions connected to disgraced chemist, ACLU says
(DBN)

Bridge Gridlock Pleased Christie, Jury Hears Key 'Bridgegate' witness: Chris Christie supported a plan to close lanes as an act of political payback Bridge Jury Told Coverup Was Shaped to Protect Chris Christie
(DBN)

UN: US Owes Black People Reparations
(DBN)

New documentary 'Balancing the Scales' sheds light on the challenges female lawyers have faced
(DBN)

Train fare dodging lawyer disbarred
(DBN)

How A Biglaw Partner Inspired A ‘West Wing’ Campaign Trail Reunion
(DBN)

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Judges:

At Judge Kozinski’s Movie Night, a Standing Ovation for Larry Flynt
(DBN)

Why Nobody's Talking About the Supreme Court
(DBN)

Americans’ view of Supreme Court rebounds; is eight-member court the reason?
(DBN)

Was This Judge’s Reprimand Of Kirkland & Ellis Justified? Is it Disrespectful to Send an Associate to Court? Maybe Not. Quintet of Lawyers Dispatched to Apologize to Judge Judge Garaufis Placated By Kirkland & Ellis
(DBN)

Sanctioning An Atty Is Not Grounds For Recusal, Judge Says
(DBN)

A Leading Light Of The Federal Judiciary Will Take Senior Status By Year’s End
(DBN)

Supreme Court on Verge of Historic Shift Stuck in Limbo for Now
(DBN)

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Wall Street:

U.S. stock futures inch up with Fed speeches, OPEC in focus
(DBN)

Dow rises more than 100 points following Clinton-Trump debate, consumer confidence
(DBN)

Wall Street doesn’t see Donald Trump's ‘big, fat, ugly’ market bubble
(DBN)

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Layoffs:

Third Circuit Rules That Private Equity Fund and Portfolio Company Are Not a “Single Employer” for Purpose of WARN Act Liability
(DBN)

Layoffs Watch ’16: Bank Of America Is Putting Senior Staff Out To Pasture
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Metals:

Union rallies against bankrupt Noranda Aluminum's asset sale
(DBN)

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Music:

The Story of Rdio's Bankruptcy
(DBN)

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Banking:

Wells Fargo Board Actively Considering Executive Clawbacks Wells Fargo CEO could be forced to return $40 million after sales scandal Wells Fargo May Act on Clawbacks Before House Hearing, WSJ Says Wells Fargo CEO will forfeit $41 million after banking scandal Wells Fargo Claws Back Millions From CEO After Scandal Head of Community Bank Dinged $19 Million Wells Fargo executives to forfeit millions in pay in fake-accounts scandal Wells Fargo's Scandal Costs Its CEO Millions — Which Isn't Much To Him
(DBN)

Wells Fargo chief could still walk with $77 million
(DBN)

Wells Fargo executive departs as probe into scandal launches
(DBN)

Who is Responsible for a Company’s Mood in the Middle? – the Wells Fargo Fiasco
(DBN)

The heat on Wells Fargo is starting to scorch
(DBN)

US probing possible worker abuse by Wells Fargo Labor Department launches "top-to-bottom" review of Wells Fargo Wells Fargo Workers: Fraud Started Years Ago
(DBN)

How Bankers Live With Themselves
(DBN)

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Retailing:

Mall Owners Go on Defensive to Rescue Aeropostale Here’s Why Mall Owners Stepped In To Save Aeropostale
(DBN)

Nike falls 4% after future orders miss estimates
(DBN)

At American Apparel, A Lawyer Takes the Helm
(DBN)

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Education:

Understanding the Many Crises of Student Loans
(DBN)

For-profit colleges close in droves. What can students do?
(DBN)

ITT bankruptcy could be keeping thousands of student transcripts locked up
(DBN)

ITT Tech Trustee Enlists Proskauer For Fraud Suits
(DBN)

Chicago State U. Enrolls just 86 Freshmen this Fall
(DBN)

____________

Prisons:

CCA to lay off staff, cut costs amid criticism of private prisons
(DBN)

U.S. prison investors may be rewarded if they keep their nerve
(DBN)

____________

Radio:

iHeart Seeks Ability To Seek $500M More From Its Bondholders
(DBN)

____________

Solar:

SunEdison: A Cautionary Tale?
(DBN)

TerraForm Global Won’t Block SunEdison’s Sales in India, Uruguay
(DBN)

____________

Construction:

Judge rejects lien on Macdonald bridge related to bankruptcy of Big Lift subcontractor
(DBN)

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Finance:

Lenders can only watch as covenant-lite debt strips influence
(DBN)

____________

Coal:

It's Paul Singer Versus Citigroup in High-Stakes Bankruptcy Feud
(DBN)

Can Donald Trump Really Save U.S. Coal?
(DBN)

____________


Economy:

Larry Summers: A third of men aged 25-54 will be out of work by 2050
(DBN)

Consumer confidence hits highest level since recession Markets Shouldn’t Be Too Confident in Those Consumer Confidence Numbers
(DBN)

Trade Protectionism Risks Deeper Global-Growth Funk, IMF Warns
(DBN)

California's extreme economy creates a new class of 'poor'
(DBN)

Richmond Fed: Regional Manufacturing Activity "Still Soft" in September
(DBN)

Preparing for the Majority-Minority Economy
(DBN)

Grocery Prices are Falling
(DBN)

Mexico is not just “taking jobs” from the US. It’s also adding them
(DBN)

Congress deadlocked over funding bill as government shutdown looms Senate blocks key spending bill as shutdown looms in 3 days Yeah, the Government May Shut Down Again
(DBN)

Chemical Activity Barometer indicated "Solid Growth in September"
(DBN)

Study Shows That Maybe A Lot Of People Were Trading On Insider TARP Info During The Crisis
(DBN)

US Debt Clock
(DBN

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

City-by-city look as house price gains slow Case-Shiller: National House Price Index increased 5.1% year-over-year in July
(DBN)

New Home Inventory (Completed/Under Construction/Not Started) Since 1973
(DBN)

Cash sales hit record low in June
(DBN)

RBS to Pay $1.1Bn for US Mortgage Claims
(DBN)

Renter Share of Single-Family Market Declined Slightly in 2015
(DBN)

Real Prices and Price-to-Rent Ratio in July
(DBN)

Misbehavior and Mistake in Bankruptcy Mortgage Claims: Some Caveats Regarding the Porter Study
(DBN)

'Massive' shortage in appraisers causing home sales delays
(DBN)

6 cities where you can own a home for under $1,000 a month
(DBN)

____________

Municipalities:

Cities bailing out pensions with tax hikes
(DBN)

____________

Oil/Gas:

Oil Slides As Iran Turns Down Saudi Offer OPEC: Cheap oil will keep flowing, for now
(DBN)

Goldman Sachs Cuts Oil Price Target From $50 To $43
(DBN)

How Actual Nuts and Bolts Are Bringing Down Oil Prices
(DBN)

Oil futures edge up as sources say API data show U.S. crude-supply down 752,000 barrels
(DBN)

There's a strong chance that oil may never rebound
(DBN)

As oil revenues slump, Saudi Arabia cuts public salaries for the first time
(DBN)

Freeport’s $2 Billion Anadarko Sale Said to Face Lender Snag
(DBN)

Hercules Ch. 11 Trial Judge Suggests Renewed Negotiations
(DBN)

Casualty of the Downturn: Casper Petroleum Club Shutting its Doors
(DBN)

Denver Office Market Still Feeling the Impacts of the Downturn in the Energy Industry
(DBN)

Samson Resources Bankruptcy Judge Won't Extend Exclusivity, Opening Door For Competing Creditor Plan Samson Resources Loses Exclusive Control Over Ch. 11 Case
(DBN)

____________

Politics:

Debate Fact Check: Trump Wrong, Stop and Frisk was Ruled Unconstitutional Pundits react: Clinton won first debate Donald Trump’s Wild Night Donald Trump's Unproductive Monday Night Ford Fights Back Against Trump Debate Claims Debate Splits the Internet With Clinton Taking Searches and Trump Taking Social Giuliani: Trump Should Skip Next Two Debates Donald Trump ‘Manterrupted’ Hillary Clinton 28 Times During the First Debate Donald Trump’s defining business philosophy at the presidential debate was naked greed More Than 80 Million Americans Watched First Presidential Debate 2 Key Things That Hillary Clinton and Donald Trump’s Debate Performances Told Voters In Donald Trump’s Debate Performance, a Missed Opportunity to Expand His Base Donald Trump has only himself to blame for debate debacle Trump Blames Others After Combative Debate Economics Bloggers Fact-Checked the Presidential Debate Hillary Clinton Shouldn't Be Faulted for Her Relentless Preparation Clinton Proves It Pays to Prepare Hillary Clinton’s 7 subtle and not-so-subtle tricks for baiting Donald Trump This was the top Trump-Clinton debate moment, according to TiVo How Trump's backers responded to his wild debate answer about paying taxes
(DBN)

Trump: NBC anchor Lester Holt was 'totally' biased as debate moderator Donald Trump: 'Lester Holt did a great job'
(DBN)

In Texas, Even Trump Supporters Hate the Border Wall
(DBN)

Bankruptcies shaped Trump political style Donald Trump's Blunt Defense of Business Record Poses Political Risks Trump Is Now Normal The Strange Tale of Trump's Taxes Trump Used Foundation to Dodge Taxes Conservative Arizona newspaper tears into Donald Trump, endorses Hillary Clinton for president Sympathy for the Donald Trump's Abdication of Personal Responsibility 15 questions on the economy for Donald Trump
(DBN)

Men have been telling Hillary to smile for years. Here’s what happened when she finally did The not-so-subtle gender battle during Clinton-Trump debate FBI Chief: Immunity for Clinton chief of staff limited to laptop Hillary Clinton’s Everywoman Moment GOP's John Warner Endorses Hillary Arizona Republic Endorses Democrat for the First Time in 126 Years
(DBN)

Donald Trump vs. Hillary Clinton on Tax Cuts for the Rich
(DBN)

Glenn Beck reacts to Cruz's praise for Trump's debate performance: 'I think my head is going to explode' Glenn Beck Apologizes for Backing Ted Cruz
(DBN)

Deficits: Didn't the GOP Used to Complain?
(DBN)

Maine’s governor is completely unhinged
(DBN)

____________

Shipping:

U.S. Federal Judge Refuses to Alter Bankruptcy Orders Protecting Hanjin Shipping Co. Ltd.
(DBN)

Global Container Volume on Track for Worst Year Since 2009
(DBN)

Maersk Should Steer Clear of Hanjin Maersk Should Lay Off the Swashbuckling
(DBN)

South Korea court says it has not yet decided whether sale of Hanjin Shipping is needed South Korean court considering sale of Hanjin Shipping
(DBN)

Lessons Learned From The Hanjin Shipping Bankruptcy
(DBN)

____________

Gambling:

Billionaire David Tepper Wins In Caesars Bankruptcy Deal As TPG, Apollo Avoid New Legal Battles
(DBN)

Caesars Deal Boosts Appaloosa After Apollo, TPG Give Ground
(DBN)

Caesars strikes deal to end main unit's bankruptcy Caesars, Creditors Reach Restructuring Deal Caesars Announces Reorg Deal; 2nd-Lien Lenders to Get 66 Cents on Dollar Caesars Entertainment to Emerge From Chapter 11 Bankruptcy
(DBN)

Why Caesars Entertainment Corp.'s Shares Dropped 18%
(DBN)

How Caesars dodged bankruptcy
(DBN)

One Small Hedge Fund Is Carrying On in The Fight Over Caesars
(DBN)

Timeline-Key moments in the contentious Caesars bankruptcy
(DBN)

____________

Food/Beverage:

The downfall of fast-casual restaurants
(DBN)

Black-Eyed Pea restaurants abruptly close
(DBN)

____________

Autos:

VW Scandal Spreading to Cash Cow Audi Volkswagen dieselgate one year later: What have we learned?
(DBN)

Takata in Talks to Resolve Allegations of Criminal Wrongdoing Over Faulty Air Bags
(DBN)

____________

 


New Bankruptcy Opinions
(9 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (12 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (88 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)

______________

Bankruptcy Statistics:

Blackstone’s Goodman Says Long Bankruptcies Are Eroding Returns
(DBN)

Chapter 12 family farmer cases in Missouri: A look inside the numbers
(DBN)

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Safe Harbors:

Conflicting Rulings on Preemption of State Law Fraudulent Transfer Claims by Section 546 Safe Harbor Create Uncertainty
(DBN)

Seventh Circuit Deepens Circuit Split on Applicability of Section 546(e) Safe Harbor to Transactions Involving Financial Institution Acting as Mere Conduit
(DBN)

____________

Reopening:

Ruling Provides Guidance on Standard to Reopen Fully Administered Chapter 11 Case “for Other Cause”
(DBN)

____________

Bankruptcy Rules:

Proposed Amendments to Bankruptcy Rules and Forms
(DBN)

____________

Avoidance Actions:

Recent Rulings Demonstrate Evolving Law on Ability of Plan Trustees to Assert Creditors’ Pre-Bankruptcy State Law Fraudulent Transfer Claims
(DBN)

____________

Litigation:

New York’s Restrictive Interpretation of Common Interest Doctrine Unlikely to Have Significant Impact in Bankruptcy
(DBN)

Are Mediation Settlement Agreements Written on the Backs of Napkins Enforceable?
(DBN)

____________

Plan Confirmation:

Judge insists creditor take the money
(DBN)

____________

Reclamation:

Bankruptcy Court Approves Reclamation Claim on Goods that Secured Postpetition DIP Loan
(DBN)

____________

Involuntary Bankruptcy:

Bankruptcy Code Section 303(i) Does Not Preempt State Law Claims by Non-Debtors
(DBN)

____________

Ch. 13:

Above-Median Chapter 13 Debtor Can Deduct Title Pawn Or Non-Purchase Money Debt As Vehicle Ownership Costs In Calculating Disposable Income
(DBN)

____________

Mediation:

“Mediation Desert” = A Court Without Mediation Rules
(DBN)

The Caesars Judge is Right on Stay Termination
(DBN)

____________

TBTF:

Ex-AIG Head Greenberg Finally Gets to Tell His Story at Trial
(DBN)

Hank Greenberg’s Manager ‘Lesson’ at Core of Fraud Trial
(DBN)

____________

Furniture:

The maker of TempurPedic mattresses is crashing by more than 25%
(DBN)

____________

Consultants:

AlixPartners Appoints Energy Executive to Turnaround and Restructuring Team
(DBN)

____________

Sales:

Trustee Not Obligated to Obtain Best Price at Auction, Delaware Judge Says
(DBN)

____________

Fraud:

Ex-Milberg Atty Tagged In Kickback Plot Settles Madoff Suit
(DBN)

____________

Insurance:

Thinking About Exceptions and Alterations to the Insured vs. Insured Exclusion
(DBN)

____________

Distressed Investing:

Distressed M&A and Corporate Strategy: Lessons from Marvel Entertainment Group's Bankruptcy
(DBN)

Tilton Rejected as U.S. Supreme Court Lets SEC Case Proceed
(DBN)

____________

Religion:

Orlando's 100-year-old black church files bankruptcy
(DBN)

____________

UK:

Wolseley cuts 800 more jobs as profits dip
(DBN)

Bankrupt Scots tycoon ‘got desperate’ before falling to his death
(DBN)

U.K. Faces Reckoning Over RBS Bailout
(DBN)

____________

PIIGS:

Greece transfers utilities to fund's control in bailout move Greek lawmakers pass fresh reforms sought by creditors
(DBN)

Fatigued Investors Want Draghi to Buy Greece Before They Do
(DBN)

____________

Canada:

A Generation in Debt
(DBN)

Former notary apologizes in court for $100-million-plus Ponzi scheme
(DBN)

____________

China:

State asset manager says Guangxi Nonferrous bankruptcy in 'spirit' of reforms-Caixin
(DBN)

As Donald Trump Attacks China as an Economic Threat, Here’s the Real Risk
(DBN)

China Calls On Credit Default Swaps To Spread The Pain
(DBN)

IMF warns of contagion risk of China's debt load
(DBN)

Bank of America Sees China Crisis, BlackRock Only Bumps in Road
(DBN)

China Regulators Push Through Sinosteel Debt Restructuring Plan
(DBN)

____________

Ukraine:

Arzinger shines spotlight on Ukraine’s bankruptcy disputes
(DBN)

____________

Germany:

5 reasons Merkel needs to rescue Deutsche Bank right now
(DBN)

Veteran banking analyst believes Deutsche Bank is ‘too big to fail’
(DBN)

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