April 1, 2016

The Daily Bankruptcy News

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Law:

Nationwide Pay Raise Watch: A Biglaw Firm Moves (Closer) To Market
(DBN)

Cravath Admits Breach as Law Firm Hacks Go Public
(DBN)

Dozens of Big Firms Targeted by Hacker Seeking M&A Info
(DBN)

Merged law firms focus on operations at the expense of client development, report says
(DBN)

The Rust Belt Law School Crisis Law schools in Rust Belt are in a ‘survival of the fittest’ mode, law prof asserts
(DBN)

Law School Closings - Which ones could depend primarily on hope-despair of leadership
(DBN)

Law Schools In Trouble: Several Schools May Soon ‘Wither Away’ Into Closure
(DBN)

At Harvard Law, The Fight To Affix A Poster Is Real
(DBN)

Banished bankruptcy lawyer hopes for return
(DBN)

Answering Work Email at Home
(DBN)

AI will create more lawyers, not less
(DBN)

New York Times Stands Up To Biglaw Firm, NFL
(DBN)

Anxious About Law Student Loans? Top Tips to Help You Manage Payments
(DBN)

Multistate Bar Exam average score falls to 33-year low
(DBN)

Stanford Raises The Bar In College Admissions Arms Race: 0% Acceptance Rate
(DBN)

The Pink Ghetto: Terrible Tales Of Harassment In The Federal Government
(DBN)

How Do Lawyers For Celebrities Land Their Clients?
(DBN)

Being A Lawyer Is A Sales Job
(DBN)

Six Questions To Ask Before Choosing A Law Firm
(DBN)

Dentons Expansion into Outer Space Ups the Ante
(DBN)

The Growth Aspirations of Chicago Law Firm Leaders
(DBN)

Wachtell Lipton Dodges Malpractice Claims
(DBN)

What You Can Do While You’re A Lawyer (Part 4): Writer
(DBN)

President Obama To Teach Con Law Class At Penn Law School In Spring 2017
(DBN)

Reinventing The Law Business: You’re A Lawyer But You Want To Be A Businessperson – 8 Tips On How To Get There
(DBN)

8 body-language tricks to instantly appear more confident
(DBN)

Supreme Court reins in practice of seizing defendants' assets
(DBN)

Top partner tried to charge clients for holiday
(DBN)

Baker & McKenzie left seething after exposing corrupt lawyer
(DBN)

Apple just fixed a bug that's been crashing thousands of iPhones
(DBN)

Why are states still passing awful laws? Major Companies Press North Carolina on Law Curbing Protections From Bias North Carolina's anti-LGBTQ law is drawing a big backlash from businesses Mississippi Religious Freedom Bill Worst Yet
(DBN)

Bullet Lodged in Florida Man’s T------- After Wife Shoots Him for Cheating
(DBN)

NYPD Officer Stripped of Gun and Badge After Arresting On-Duty Mailman
(DBN)

Judge gives teen 6 months for contempt, orders cellphone destroyed due to courthouse photos
(DBN)

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Judges:

Judge accused of embezzling $4K as prosecutor expected to return to bench after no-contest plea
(DBN)

George Mason law school to take name of late Supreme Court Justice Antonin Scalia
(DBN)

Sasse: Obama's Supreme Court nominee 'dead on arrival'
(DBN)

The Supreme Court vacancy is just the tip of the iceberg
(DBN)

A ‘Systemically Important’ Judge
(DBN)

Judge who jailed tearful witness for failing to appear at domestic abuse trial agrees to reprimand
(DBN)

Judge Admits Trial By Combat Is Available In New York… Then Declines To Order It
(DBN)

In Landmark Ruling, Judge Says Mortgage Bankers Have Right To Engage In ‘Profanity-Laced’ Rants About Clients In The Bathroom
(DBN)

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Wall Street:

U.S. stock futures retreat ahead of jobs report
(DBN)

U.S. stocks post biggest monthly gain since October
(DBN)

Dow Posts Biggest Quarter Since 1933
(DBN)

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Layoffs:

The Coming Extinction of the Video Store Clerk
(DBN)

BNSF Layoffs Hit 4,600 Nationwide
(DBN)

Peabody eliminates 235 jobs in Powder River Basin Peabody, Arch coal mines lay off 465 workers from northeast Wyoming Black Thursday: Layoffs hit 500+ Wyoming coal miners
(DBN)

Why Boeing will cut more than 4,500 jobs by June
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Politics:

Lawyers Explain Delay in Releasing Donald Trump's Tax Returns
(DBN)

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Alternative Energy:

SunEdison served DoJ subpoena on Vivint Solar deal SunEdison confirms subpoena, SEC investigation
(DBN)

Billionaire Hedge Fund Manager Winning Battle Against SunEdison Inc
(DBN)

How SunEdison went from No. 1 to the edge of bankruptcy
(DBN)

SunEdison: What Happens Next?
(DBN)

Blinded by the light
(DBN)

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Distressed Investing:

Jefferies Said to Hire Goldman's Femenia for Distressed Debt
(DBN)

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Corporate Reform:

Elizabeth Warren Takes Aim at Insurance Executives’ Comments on Fiduciary Rule New ‘Fiduciary’ Rule on Financial Advisers to Be Unveiled April 6
(DBN)

____________

Marijuana:

Marijuana Companies Stuck Doing Business the Old-Fashioned Way, in Cash
(DBN)

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Retailing:

Fashion retailers are bloated and it’s not a good look
(DBN)

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Student Debt:

Companies claiming to help students, borrowers ordered to stop using government logo
(DBN)

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Healthcare:

Pioneer files for Chapter 11 bankruptcy
(DBN)

____________


Economy:

Jobless claims rise to 276,000, highest in two months
(DBN)

Payrolls may signal march of workers back into the jobs market
(DBN)

We're Not Ready for Another Recession
(DBN)

US Manufacturing May Outpace China by 2020
(DBN)

Roller-coaster first quarter ends with dollar under pressure, stocks flat
(DBN)

Markets look for a surprise in the March jobs report
(DBN)

Minimum wage hikes actually boosted my sales: CEO
(DBN)

Do weak trading revenues mean a weak economy?
(DBN)

US Debt Clock
(DBN

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Binder, Bellmarc and bankruptcy?
(DBN)

Mortgage rates flat this week but may be headed lower 3.71%
(DBN)

Why Banks Are Better Off Than You Think, And Real Estate Isn’t
(DBN)

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Municipalities:

Christie: I won't let Atlantic City file for bankruptcy Governor Christie: Atlantic City’s Cash Crisis Is Here To Stay If Speaker Prieto Refuses To Act Without A.C. takeover, Christie vows to oppose more casinos
(DBN)

Does memo show N.J. Assembly speaker agreed to hold vote on Atlantic City takeover?
(DBN)

Atlantic City unions vote on plan to avert shutdown
(DBN)

Q&A: Chicago teachers to strike for 1 day over budget
(DBN)

Puerto Rico `Not Serious' on Consensual Plan, Says Insurer
(DBN)

Why Are We Colonizing Puerto Rico?
(DBN)

Texas State Revenues and Budget: The Doomsday Clock is Ticking
(DBN)

US Cities Rocking the Economy
(DBN)

____________

 

Oil/Gas:

Cheap Oil Has Bankrupted More Than 50 American Producers—So Far
(DBN)

Fri.: Oil prices continue to retreat in the face of supply rise
(DBN)

Oil Prices Grind Higher Despite Oversupply Worries
(DBN)

U.S. oil production slips 0.6 percent in January
(DBN)

EIA: Oil and gas costs down 25 to 30 percent since 2012
(DBN)

Qatar says 12 countries confirmed for oil cap meeting
(DBN)

Forget The Tough Talk – Saudi Arabia Is Desperate For a Production Freeze Saudi to Join Oil Output Freeze Only if Iran Joins
(DBN)

OPEC Oil Output Rose in March
(DBN)

How oil could get back to $50: RBC's Helima Croft
(DBN)

As US shale drillers suffer, even the bankrupt keep pumping oil
(DBN)

Why Oil and Gas Companies Are Bracing for Bad News From Banks
(DBN)

Banks cutting exposure to oil sector, Fed survey shows
(DBN)

Oil crash is closing in on its biggest victim
(DBN)

SandRidge Energy Inc Plunges on Bankruptcy Concerns
(DBN)

Monaco says it's investigating 'vast corruption scandal'
(DBN)

Debt deadlines on the horizon for Chaparral Energy, Ultra Petroleum
(DBN)

Chaparral Energy to miss debt interest payment-sources
(DBN)

New Gulf, Energy & Exploration Partners Reach Truce Over Joint Drilling Agreements
(DBN)

MLP Investors’ Maze of Tax Trouble Keeps Getting Worse
(DBN)

Devon Energy to close Houston area office, cut about 60 jobs
(DBN)

Maersk Oil to close Houston office, cut remaining local jobs
(DBN)

Junk Bond $15 Billion Revival Lacks Conviction Amid Oil Risk
(DBN)

Mexico's Alfa Said to Bid for Pacific E&P in Surprise Comeback
(DBN)

____________

Coal:

Peabody Energy Takes Steps to Avoid Bankruptcy Filing
(DBN)

Peabody Energy: Bowie Deal Is Not Dead Yet
(DBN)

Even biggest mine in cheapest region is victim of coal collapse
(DBN)

Wyoming's new energy boom: Layoffs
(DBN)

Coal -producing county down 1,396 residents, new count shows
(DBN)

Subsidized to the End: Not Even Corporate Welfare Can Save Big Coal
(DBN)

Thousands of miners to rally Friday in Waynesburg, Pennsylvania
(DBN)

____________

Gambling:

Caesars Investigation Bills Top $40 Million, Continue Climbing
(DBN)

____________

Lotteries:

Win Powerball Lottery, Get Sued, Go Bankrupt , Any Questions?
(DBN)

____________

Personal Finance:

19 April Fools’ Deals and Freebies
(DBN)

____________

Tax:

Taxes in Nordic countries are so simple, people file them by text message
(DBN)

____________

Lehman:

US judge rejects Lehman workers' claims on stock awards
(DBN)

Here's Why the Blockchain Would Have Saved Lehman Brothers
(DBN)

____________

Steel:

US steel project delay lands Essar in bad books of feared Wall St creditor DK Partners; recalls $370 million loan
(DBN)

____________

Newspapers:

Editor and 70-plus others said to be out at the Orange County Register
(DBN)

____________

Religion:

Massachusetts priest defrocked for abusing minor: archdiocese
(DBN)

____________

Shipping:

Survival of the Un-Fittest
(DBN)

____________

Pharma:

Valeant Sinks Deeper Into Junk as Moody's Lowers Rating
(DBN)

____________

 


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 (46 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (9 new filings today)
(DBN)

Bankruptcy Code - Prior BK Codes - 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)

______________

Discharge:

A Valuable Tale for Creditors: Exposing the Dishonest Debtor - The Case Of The $5,000 Porsche
(DBN)

Knock Off the Knock-Offs, Part II: SDNY Bankruptcy Court Holds That Defendant’s Judgment Debt on Account of His Company’s Trademark Infringement is Not Dischargeable Under Section 523(a)(6)
(DBN)

____________

Cross-Border:

In re Fairfield Sentry – Narrow grounds to modify Chapter 15 recognition order do not include inconsistent positions taken by foreign representative
(DBN)

Judge Extends Shield of U.S. Bankruptcy Law to Spain’s Abengoa
(DBN)

____________

Safe Harbors:

Second Circuit Upholds Bankruptcy "Safe Harbor" for Securities Transactions
(DBN)

____________

Recent Pleadings:

District Court Affirms Yucaipa Ruling In Allied Case
(DBN)

Bankruptcy Court's WARN Decision Finding "Unforeseeable Business Circumstances" In Eclipse Aviation Case Affirmed
(DBN)

Bankruptcy Court's Insolvency Findings In Opus East Case Upheld On Appeal
(DBN)

______________

Mediation:

Detroit Bankruptcy’s “Proactive Mediators”: A New Mediation Model
(DBN)

____________

TBTF:

MetLife Victory Could Push AIG, Pru to Fight Systemic Risk Designations AIG chief: 'Too big to fail' MetLife ruling opens door MetLife ruling bolsters other firms arguing systemic unimportance
(DBN)

GE Capital Wants 'Too Big to Fail" Dropped
(DBN)

____________

Agriculture:

As Corn Glut Hits Prices, U.S. Farmers Are Planting Even More Corn is getting crushed
(DBN)

____________

Politics:

Donald Trump has collapsed in general election polls The Ladies and the Trump In Pennsylvania, GOP worries Trump could cost party more than White House How Realistic Is Donald Trump's Healthcare Plan? Did Trump just expose his kryptonite? Trump Advocates Abortion Ban, Walks Back 'Punishment' for Women Remark Why Trump might actually SAVE the GOP Trump’s comments on Japanese nukes are worrisome — even by Trump standards John Kasich: Here are 5 ways Donald Trump proved he shouldn't be president in the past 24 hours Trump’s children play big role in campaign Founders Would Have Dumped Trump
(DBN)

Hillary Clinton wants to end the loophole that lets disabled workers earn less than minimum wage
(DBN)

Most Clinton voters think trade deals are good — and so do most Sanders voters
(DBN)

Major Wisc. Paper Blasts Clinton on Emails
(DBN)

One chart that proves Donald Trump and Bernie Sanders's voters aren't the same
(DBN)

The Credit Collapse Opened the Door for Trump and Sanders
(DBN)

Did Donald Trump and Ben Carson Make a Deal?
(DBN)

____________

Tech:

Marvell Technology to Miss Reporting Deadline, Warns of Loss
(DBN)

____________

Gambling:

DraftKings, FanDuel to suspend involvement in college sports
(DBN)

____________

Pensions:

Private Equity Funds Liable for Withdrawal Liability Although Each Had Less Than 80% Ownership
(DBN)

____________

Corporate Reform:

Senator Warren Doesn't Like Companies Lying to Government
(DBN)

____________

Autos:

Auto Manufacturers Posting Phony Sales
(DBN)

More Reasons for VW to Dump the US Market
(DBN)

Takata Denies $24Bn Cost of Airbag Recalls
(DBN)

____________

Defaults:

S&P: 5 More Corporate Defaults During Week, Bringing YTD Tally to 36
(DBN)

____________

Sovereigns:

Argentina's Senate Allows Payment to Bondholders Argentina passes bill to end 15-year debt battle Senate gives Macri big win on holdouts
(DBN)

Argentina’s deal with the holdouts is a mixed blessing
(DBN)

Argentina's public debt: creditors win, always
(DBN)

Impacts of Sovereign Rating on Sub-Sovereign Bond Ratings in Emerging and Developing Economies
(DBN)

____________

PIIGS:

Banco Santander to shut 450 branches in Spain
(DBN)

____________

Canada:

Oil Jobs Losses Top 100,000
(DBN)

____________

Russia:

Russia's manufacturing sector continues to shrink
(DBN)

Kremlin’s Yukos defiance casts shadow over Russia’s reputation
(DBN)

____________

China:

China factory gauges show economy picking up
(DBN)

China official nonmanufacturing PMI rises to 53.8
(DBN)

China Top Underwriter Sees More Defaults as Bond Sales Jump 66%
(DBN)

____________

MENA:

Saudi Arabia's proposed new insolvency law and commercial pledge law
(DBN)

____________

Brazil:

Global Banks Said to Demand Dollar Guarantees on Brazil Loans
(DBN)

____________

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