September 30, 2016

The Daily Bankruptcy News

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Law:

Biglaw Firm To Close Two Offices, Lay Off 25 Lawyers
(DBN)

Shearman & Sterling: The Best of Times, The Worst of Times
(DBN)

Curtis Mallet Names New Bankruptcy Partner In NY
(DBN)

GC: Firms Come to Pitches Surprisingly Ill-Prepared
(DBN)

Reinventing The Law Business: Training Tragedies – How NOT To Be Trained As A Lawyer!
(DBN)

A Deeper Dive Into Don Verrilli’s Move To Munger Tolles & Olson
(DBN)

Cosi's Bankruptcy Takes Bite Out of Cadwalader
(DBN)

Law firms turn to nonlawyer experts to enhance practice and provide value
(DBN)

Reed Smith Realigns Leadership, Installs New CMO
(DBN)

Legal Artificial Intelligence, Explained
(DBN)

Bar Exam Passage Rates Plummet After Adoption Of Uniform Bar Exam
(DBN)

Bad Bar Exam Results Prompts Law School To Write Long Letter About Diversity
(DBN)

The leadership opportunity for law schools
(DBN)

UK: Triple merger: CMS Cameron McKenna, Nabarro and Olswang to create global megafirm
(DBN)

Another Three-Way Mega-Merger in Big Law?
(DBN)

Will This App Disrupt the Legal Headhunting World?
(DBN)

Partner Accidentally Shot Wife, Spokesman Says
(DBN)

3 Rules Of Office Politics For Lawyers
(DBN)

Law banning ballot selfies violates First Amendment, federal appeals court says
(DBN)

Bridgegate Witness Interrogation Dredges Up Dirty Tricks From Past
(DBN)

How to perfectly fold a suit jacket so it doesn't wrinkle
(DBN)

Here's the biggest reason why people are upgrading to the iPhone 7
(DBN)

9 iPhone Apps for Lawyers
(DBN)

21 signs you could be mentally stronger than average
(DBN)

Like 'Gone Girl': Disbarred Lawyer Pleads Guilty in Bizarre Kidnap Plot
(DBN)

Overturning Obama, Congress Puts the U.S. in Danger Congress Overturns Veto, Knows Consequences Mitch McConnell Blames Obama for His Senate Overriding 9/11 Bill Veto
(DBN)

Supreme Court accepts sanctions case involving two lawyers representing Goodyear
(DBN)

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Judges:

Bankruptcy Judge Rebukes Squire Patton Boggs Judge Questions The Integrity Of Biglaw Firm In Epic Benchslap
(DBN)

Pondering the Supreme Court’s Future
(DBN)

Judge calls defense lawyer ‘grossly incompetent’ and removes her from murder case
(DBN)

Alabama chief justice testifies that ethics charges over his gay-marriage advice are ‘ridiculous’
(DBN)

Judge Garaufis v. Kirkland & Ellis: The Transcript
(DBN)

Challenge To PACER Fees Survives Motion To Dismiss
(DBN)

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Wall Street:

U.S. stock futures edge lower as fears over Deutsche Bank persist
(DBN)

Stocks close lower on Wall Street
(DBN)

The life and shocking death of a young, star money manager who was accused of insider trading
(DBN)

Wall Street Banks Must Map Out New Strategies to Dodge Failure
(DBN)

Goldman's Libya Salesman Was a Little Too Good
(DBN)

Trump’s ‘ugly’ claim about stocks is backed by Morgan Stanley economist
(DBN)

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Layoffs:

Noble Energy warns workers of layoffs to come
(DBN)

Northwestern Mutual Announces Layoffs: Hundreds of Job Cuts
(DBN)

Latest aftermath of Frontier's takeover of Verizon: 250 layoffs
(DBN)

IRS to eliminate more than 7,000 jobs
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Retailing:

Report: Retailers caught in bankruptcy spiral have lost 'reason to exist'
(DBN)

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Healthcare:

Colusa hospital deal approved; company must meet state requirements to open doors
(DBN)

The EpiPen costs 88% less in the UK than in the US
(DBN)

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Pensions:

CA: Pension Deal Went Bad, Cost Billions
(DBN)

Pensions Fly Only If You Believe They Can
(DBN)

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Electricity:

EFH Set To End $122M Spat With Texas Wind Farm Operator
(DBN)

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Education:

How Phillip Stone brought Sweet Briar College back to life
(DBN)

Senator: Education Dept. mishandling Corinthian student debt
(DBN)

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Economy:

Q2 GDP Revised Up to 1.4% Annual Rate
(DBN)

Fed's Yellen Cornered by GOP Lawmaker
(DBN)

More Wealth, More Jobs, but Not for Everyone: What Fuels the Backlash on Trade
(DBN)

Alan Greenspan has a new gig
(DBN)

US Debt Clock
(DBN

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Zillow Forecast: Expect Similar YoY Growth in August for the Case-Shiller Indexes
(DBN)

NAR: Pending Home Sales Index decreased 2.4% in August, down 0.2% year-over-year
(DBN)

Fixed mortgage rates tumble to near yearly lows
(DBN)

Serious Delinquency Rate for Single-Family Home Mortgages Declined in August
(DBN)

‘Housing party’ in the U.S. may be coming to an end
(DBN)

Banks finally want to originate mortgages again
(DBN)

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Municipalities:

Puerto Rico Pension Fund Joins Suit Against UBS over Muni Bonds
(DBN)

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Oil/Gas:

Chesapeake Energy just got some more bad news
(DBN)

Haynes and Boone Midstream Report.
(DBN)

Updated Haynes and Boone Borrowing Base Redeterminations Survey
(DBN)

Gulf Keystone Creditors Win Control as Court Approves Debt Deal
(DBN)

China may be stockpiling more oil than anyone realized
(DBN)

Skepticism aside, OPEC production cuts have worked before Winners and losers in OPEC’s plan to cut production OPEC deal: ‘Good news for U.S. producers, Houston economy’ OPEC just reached a surprising deal — here's what comes next
(DBN)

Cancel the oil price recovery?: New supply set to keep coming down the pipe till at least 2019
(DBN)

Relief arrives for U.S. shale firms as OPEC folds in price battle OPEC ‘Capitulation’ Leaves Challenges for U.S. Shale Drillers Takeaways from OPEC Deal and Price of Oil
(DBN)

The real reason for OPEC’s shocker oil deal … and why it probably won’t work
(DBN)

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Food/Beverage:

Panera Could Gain From Cosi Bankruptcy
(DBN)

Champps, Fox & Hound owner bought for $26.8M in bankruptcy auction
(DBN)

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Banking:

'Your $1.8 trillion bank was turned into a school for scoundrels' Wells Fargo workers say they were fired for reporting 'gaming' of sales quotas Critics say Wells Fargo CEO should forfeit more than $41 million after sales scandal Lawmakers to Wells Fargo CEO: “Why shouldn’t you be in jail?” Wells Fargo: Corruption of Big Bank Culture Wells Fargo Troubles Mount With Penalty for Soldiers’ Loans Suddenly Jeb Hensarling Realizes the Corruption at Big Banks Maxine Waters: I'm going to move forward to break up Wells Fargo
(DBN)

OCC Releases Final Big Bank Recovery Plan Guidelines
(DBN)

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Politics:

Brutal Clinton ad juxtaposes Trump's previous statements with his denials that he made them For Some Newspapers, Endorsing Clinton Means Losing Subscribers
(DBN)

Evangelicals Despair Over Trump and Jolting Change Trump Casinos Lost Jobs at Greater Rate than Atlantic City Rivals, Study Finds Making America Worse: Jobs and Money at Trump Casinos, 1997-2010 Donald Trump keeps asking his supporters an absurd question, and they keep surprising him with their answer Mark Cuban explains why he soured on Donald Trump Trump wanted to fire women who weren't pretty enough, say employees at his California golf club Quixotic Efforts To Hold President Trump To Facts Continues A Trump presidency holds a terrifying risk for restaurants and retailers Trump Probably Isn't Preparing for Next Debate Either Rubio Calls Report of Trump’s Cuba Dealings ‘Serious and Troubling’ 2 Numbers Can Answer the Donald Trump Tax Question Shuffling Deck Chairs on the USS Trump Historian: Why So Many Back Trump Trump’s energy and environment team leans heavily on industry lobbyists An Uncharitable Foundation Donald Trump, in Chicago for Surprise Event, Attacks Hillary Clinton For Failing D.C. Bar Exam Trump Is Right About 'Stop and Frisk'
(DBN)

Elizabeth Warren Trains Her Sights on a New Target
(DBN)

In unprecedented move, USA Today says don't vote for Trump — but it doesn't endorse Hillary Clinton either
(DBN)

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Celebs:

Judge Orders Blixseth to Pay Creditors $286M
(DBN)

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Food/Beverage:

Judge Ousts Roscoe's House of Chicken and Waffles President
(DBN)

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Gambling:

Objectors Say Icahn Only Winner In $2M Tropicana Move
(DBN)

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Student Debt:

Overhaul coming on NJ student loan forgiveness
(DBN)

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Metals:

Sherwin Alumina refinery to close Friday, company gets more time to wind down
(DBN)

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Fishing:

Pacific Andes to fight off creditors in Bermuda, BVI
(DBN)

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Asset Protection:

The Real Scandal Behind the Panama Papers
(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 (16 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (58 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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Plan Confirmation:

Two-Year Delay in Confirmation Requires Holding Another Valuation Hearing
(DBN)

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Bankruptcy Rules:

Proposed Changes Offered for Bankruptcy Court Rules
(DBN)

BK DE: Local Rules Comment Period
(DBN)

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Cross-Border:

Supreme Court of Gibraltar recognizes United States Chapter 11 bankruptcy proceedings as a foreign main proceeding
(DBN)

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TBTF:

A.I.G. Ex-Chief Testifies at Trial, 11 Years After Charges
(DBN)

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Lehman:

Lehman to Pay Another $3.8 Billion to Creditors
(DBN)

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Autos:

Takata should file for bankruptcy protection, all five bidders say -sources
(DBN)

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Shipping:

Sainty Marine Plans to Swap Some Debt With New Shares in Revamp
(DBN)

Waiting for the next shoe to drop
(DBN)

'A big nightmare': Businesses in Singapore hit as Hanjin Shipping sinks
(DBN)

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Corporate Reform:

Report: Barclays, Deutsche Bank and Credit Suisse face billions in fines before the US election
(DBN)

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UK:

The most enthusiastic supporters of Brexit are about to be the hardest hit by it
(DBN)

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EU:

Contagion: European banks are getting crushed by Deutsche Bank
(DBN)

Hedge funds are dumping Deutsche Bank and shares are tanking
(DBN)

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PIIGS:

Greece’s Least Wanted Man Lives in Maryland
(DBN)

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Canada:

Private Debt Steps In for Canadian Companies as Banks Pull Back
(DBN)

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India:

Draft insolvency ecosystem rules being finalized
(DBN)

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Germany:

Deutsche Bank Is the Darling of the Short-Sellers
(DBN)

Some Deutsche Bank Clients Reduce Collateral on Trades
(DBN)

Deutsche Bank shareholders in for more pain
(DBN)

Fearful clients pull billions of dollars out of Deutsche Bank
(DBN)

Deutsche Bank Isn't the Only One in Trouble
(DBN)

Deutsche Bank's Troubles, Europe's Failures
(DBN)

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MENA:

Egypt's Economy is in Big Trouble
(DBN)

Arab World Furious About 9/11 Bill Saudi Arabia Warns US Over 9/11 Bill
(DBN)

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China:

Creditors seek bankruptcy restructuring for Dongbei Special Steel
(DBN)

China Inc. Sells Unpaid Bills to Banks as Debt Web Spreads
(DBN)

350 Billion Yuan Restructuring Fund Set Up For Chinese State-Owned Enterprises
(DBN)

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Bosnia:

Sarajevo court launches bankruptcy proceedings against Bosnia's BH Airlines - report
(DBN)

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Hong Kong:

Asia Pacific Restructuring & Insolvency Guide: Hong Kong
(DBN)

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