April 8, 2016

The Daily Bankruptcy News

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Law:

Holland & Knight Raises Starting South Florida Salaries
(DBN)

Panama Papers Leak Casts Light on a Law Firm Founded on Secrecy Outdated versions of WordPress and Drupl led to the Panama Papers leak 15 Security Lessons From the Panama Papers Vast Data Leak a Teachable Moment for Founders of ‘Panama Papers’ Firm Panama lawyer explains lack of US clients
(DBN)

Latham’s New Litigation Chair is Hiring in NY and London
(DBN)

Bad News for Female Lawyers with Republican Bosses
(DBN)

Scammers clone law firm's website to create fake law firm
(DBN)

President Obama Address UChicago Law
(DBN)

Sidley Austin London partner charged with tax fraud
(DBN)

MoFo London revenue jumps
(DBN)

Allen & Overy makes 21 partner promotions
(DBN)

42 essential apps for trial attorneys
(DBN)

Attorney recommends writing emails backwards
(DBN)

2016 Law School Graduation Speaker Roundup
(DBN)

LSAT Scores v. Bar Exam Performance: How Did Your Law School Do?
(DBN)

As LSAT & MBE Scores Fall, 1L Enrollment Needs To Fall To 25,000 (From 35,500 in 2015)
(DBN)

John Marshall Law Dean's Email Account Hacked For Confidential Report
(DBN)

The Revolution that Put Power in the GC's Hands
(DBN)

All Lawyers Are Not Created Equal
(DBN)

Get rid of the billable hour—but then what?
(DBN)

Simpson Thacher & Bartlett tops global M&A league table
(DBN)

Ten Golden Rules to Make Your New Clients Happy
(DBN)

11 ways in which the teachings of Donald Trump can guide lawyers to success
(DBN)

Biglaw Firm Actually Does Something About Work/Life Balance
(DBN)

The Future Of Legal Business Development
(DBN)

Power - DIY Tool Kit
(DBN)

Firms Do Battle Over Unpaid Fees
(DBN)

Who Needs A Business Card When You Can Be A Lawyer Stereotype?
(DBN)

The Late-Blooming Writer Who Was a Debevoise & Plimpton Partner
(DBN)

Shacking up finally legal again in Florida After Florida repeals law, only two states still ban cohabitation
(DBN)

Video shows Texas school officer slamming 12-year-old girl to the ground
(DBN)

Suit claims cops conspired to cover up murder of lawyer, a Second Amendment advocate
(DBN)

Court Tries to Stop Lying Prosecutors
(DBN)

Jurors should acquit when cops and prosecutors treat blacks unfairly, law prof says in op-ed
(DBN)

North Carolina Cops Have No Idea How They're Supposed to Enforce the Transgender Bathroom Bill
(DBN)

Furious ex-client constructs fake law firm website
(DBN)

School board learns the cost of willfully defying the US Constitution
(DBN)

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Judges:

BK SD NY: Judge Mary Kay Vyskocil Appointed
(DBN)

Will Chief Justice Roberts Wade Into Nomination Controversy?
(DBN)

Why Is Judge Garland A Top Supreme Court Feeder Judge?
(DBN)

Garland Clerks Feed Pipeline to SCOTUS on Left & Right
(DBN)

The Exacting Merrick Garland - As Told By His Clerks
(DBN)

Obama Says Garland Fight Putting Federal Court System’s Legitimacy at Risk
(DBN)

Sonia Sotomayor: The Job of a Justice Has Gotten Much More Complicated
(DBN)

Former lottery security chief and his brother, an ex-judge, charged with rigging payouts
(DBN)

Judge bullied others, threatened contempt and erupted in ‘angry diatribes,’ decision says
(DBN)

Should Judges Write Their Own Opinions Or Leave Drafting To Their Law Clerks?
(DBN)

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Wall Street:

U.S. stocks set to rebound as oil stages fresh rally
(DBN)

US stocks slump, led by banks
(DBN)

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Layoffs:

Chevron cutting 655 Houston jobs amid oil bust
(DBN)

SFX Lays Off 50 Employees In Latest Bankruptcy Restructure
(DBN)

Gov. Paul LePage says Maine about to lose 900 jobs
(DBN)

Report: Hunt Oil to cut significant portion of workforce
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Education:

Harvard, Stanford, and 20 other colleges that are worth the money
(DBN)

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Pharma:

Valeant Gets Lender OK to Amend Debt Terms
(DBN)

____________

Celebs:

Billionaire casino king: 'Nobody likes being around poor people'
(DBN)

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Tech:

Nest was supposed to lead the next computing revolution. It's looking like a bust
(DBN)

____________

Autos:

One impact of low oil: The car recession
(DBN)

More Warning Signs in Subprime Car-Loan Market
(DBN)

GM Ignition Payout Cancels Trial Over Father of Five's Death
(DBN)

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Corporate Reform:

Schumer, Warren oppose Democrat pick to join SEC Democrats force postponement of committee's vote on U.S. SEC nominees
(DBN)

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Coal:

The death of US coal: industry on a steep decline as cheap natural gas rises
(DBN)

Blankenship Will Swap Mountaintop Castle for Prison Bunk
(DBN)

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Mass Torts:

Imprisoned peanut exec won't have to pay salmonella victims
(DBN)

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Retailing:

PacSun's Bankruptcy Won't Affect Employees Or Customers First Day Dec First Day Dec (2)
(DBN)

Golden Gate Looks to Turn Around Pacific Sunwear
(DBN)

Pacific Sunwear Files for Bankruptcy with $100M DIP Loan in Hand
(DBN)

Hancock creditors hope to recover some money
(DBN)

Retailers who filed Chapter 11—Where they are now
(DBN)

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Celebs:

Bankruptcy Judge Orders 50 Cent to Live Up to His Name
(DBN)

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Healthcare:

OH: ValleyCare plans 68 layoffs at Northside
(DBN)

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Economy:

KKR on the end of the credit cycle
(DBN)

Tidal Wave US Recession Coming
(DBN)

US Consumer Borrowing Rises at Weak Pace Again
(DBN)

US job market firming despite anemic economic growth Weekly jobless claims fall to low level of 267,000
(DBN)

The New Magic Number for Monthly Job Growth: 145,000
(DBN)

Consumer Borrowing in U.S. Increases on Non-Revolving Credit
(DBN)

Uber is distracting us from a much bigger issue for the US economy
(DBN)

Fed chair defends rate hike: 'I certainly don't regard it as a mistake.' Yellen, Alongside Former Fed Chairs, Says Rate Hikes on Track Yellen backs ‘gradual’ rate hikes at panel of Fed chiefs
(DBN)

Greenberg Says `Great Unwind' in Debt Financing May Stunt Growth
(DBN)

4 Fed leaders to share thoughts on central bank's influence
(DBN)

Economists Trim Estimates for Growth
(DBN)

Trump right? SocGen bear sees 'imminent' recession SocGen warns of ‘tidal wave of corporate default’
(DBN)

Here's how we tackle inequality
(DBN)

Dimon signals warning about volatility, liquidity, rising rates Dimon at the Bat for Big Banks
(DBN)

US Debt Clock
(DBN

U.S. Chamber of Commerce Goes for the Extreme
(DBN)

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

US mortgage rates hit lowest in over a year: Freddie Mac
(DBN)

Florida Bankruptcy Court Finds That It Should Abstain From Involuntary Cases Against Florida Real Estate Developer (No, Not THAT Florida Real Estate Developer)
(DBN)

Stamford developer asks bankruptcy court to approve property sales
(DBN)

MERS wins twice in Texas federal courts
(DBN)

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Municipalities:

Puerto Rico Authorizes Govt. to Halt Debt Payments
(DBN)

Puerto Rico's other crisis: impoverished pensions
(DBN)

Puerto Rico Has Decided It Doesn't Need to Pay Its Debts
(DBN)

Puerto Rican Debt Parade
(DBN)

Puerto Rico Activists Crash Federal Reserve Panel With Creative Protest
(DBN)

Puerto Rico's Desperation Grows
(DBN)

Utah ads rip Rep. Rob Bishop over Puerto Rico deal
(DBN)

On Puerto Rico, House Republicans May Need Help From Democrats
(DBN)

Bankruptcy Battle Threatens a Summer Chill in Atlantic City
(DBN)

Christie calls Prieto's Atlantic City bill 'a disgrace'
(DBN)

Atlantic City buys itself some time to negotiate state rescue
(DBN)

Chicago Bondholders Keep the Faith After Pension Fund Setback
(DBN)

Snyder: Don't let indictments derail DPS rescue
(DBN)

DPS school board sues state, EMs on students' behalf Detroit school board names Snyder in federal lawsuit Detroit school board sues governor, claims EMs created 'financial hell-hole' Attorney to sue Governor Snyder and other officials on behalf of Detroit Public Schools' students
(DBN)

The RICO Suit Against Rick Snyder Has A Lot Of Fizz, But Will Still Get Him Wet
(DBN)

MI Supreme Court to Decide Challenge to EM's Authority
(DBN)

____________

Oil/Gas:

Moody's Sees $9 Billion Hole at U.S. Banks in Worst-Case for Oil
(DBN)

Fri.: Oil rises on firm US, German growth but traders warn of ongoing glut Oil rebounds, but Doha meeting remains a cloud on the horizon
(DBN)

Shale Pipeline Contracts Torn Up, Evidence of New Normal
(DBN)

Goldman says $35 oil will correct oil glut, lift market in 2017
(DBN)

Nearly 30 Oil Tankers in Traffic Jam Off Iraqi Coast
(DBN)

March rig count down 12 percent
(DBN)

Quicksilver closes bankruptcy sale after gas pipeline deal
(DBN)

Linn Energy LLC out of Default but Bankruptcy Fear Persists Linn Energy: Common Equity Is Going To Be Worthless
(DBN)

Cheap Oil Means Record U.S. Trade Surplus With OPEC
(DBN)

BNP Among Banks Facing $172 Million Loss on Tycoon's Oil Crash
(DBN)

Oil’s Rally Is Sour for Royalty Trusts
(DBN)

Renewable energy is killing fossil fuels
(DBN)

____________

Fraud:

For research, we pretended to be crooks and terrorists and tried to buy shell companies. The results were disturbing. Panama Papers: How the rich try to hide assets from their exes A top haven for tax cheats that may surprise you: the US UK Banks In Panama Papers Deadline Iceland Appoints a New Prime Minister In Wake of Panama Papers Leak The Panama Papers And Lessons Learned From Years Of Offshore Leaks Treasury Should Probe U.S. Banks on Panama Papers, Senators Say Cameron Says He Sold Stake in Father's Offshore Fund in 2010 Panama Papers Could Help Syrian Opposition Go After Assad's Wealth Argentine Prosecutor to Investigate Macri on Offshore Companies A Silver Lining In The Panama Papers US Plans to Require Banks to Identify Owners of Shell Companies Panama Papers could encourage more divorce challenges, say lawyers
(DBN)

____________

Banking:

JPMorgan is swimming against the tide
(DBN)

____________

Personal Finance:

A résumé expert reveals what a perfect résumé looks like
(DBN)

The average Manhattan wedding costs $20,000 more than anywhere else in the US
(DBN)

Study finds money really can buy you happiness
(DBN)

____________

Radio:

Radio Giant iHeart Media to Head to Court Over Default Fight
(DBN)

____________

Student Debt:

Majority of millennials have ‘no idea’ when student loans will be paid off
(DBN)

More Than 40% of Student Borrowers Aren’t Making Payments
(DBN)

____________

Healthcare:

Judge OK’s extension for Go Ye restructuring
(DBN)

____________

Religion:

Bankrupt MN archdiocese selling main office for $3M Archdiocese bankruptcy judge OKs sale of Twin Cities chancery
(DBN)

Catholic archdiocese vs. insurer in priest abuse cases
(DBN)

____________

Mining:

Creditors to Vote on Glencore Optimum Coal Sale in South Africa
(DBN)

Is First Quantum Minerals Limited Going Bankrupt?
(DBN)

____________

Corporate Reform:

Congress brings knife to CFPB gun fight
(DBN)

Anti-CFPB front group backlash
(DBN)

____________

Tax:

How Delaware Thrives as a Corporate Tax Haven
(DBN)

Proposed Treasury Regulations Dramatically Alter Existing Debt/Equity Law
(DBN)

____________

 


New Bankruptcy Opinions
(2 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (33 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (11 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)

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Bankruptcy Statistics:

 

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Cross-Border:

China’s Winsway Enterprises Files for U.S. Bankruptcy Protection
(DBN)

____________

Mediation:

Multiple Mediators and Hundreds of Sessions for Detroit’s Mediation: Why / How it’s Done
(DBN)

____________

Avoidance Actions:

The Golf Channel Gets The Answer It Wants From The Texas Supreme Court
(DBN)

____________

Insurance:

Court Holds Insured vs. Insured Exclusion Unambiguous, Precluding Coverage
(DBN)

____________

TBTF:

MetLife, FSOC Agree to Unseal Court Opinion Without Redactions
(DBN)

US failed to show how MetLife is “too big to fail,” judge says The MetLife Ruling Puts America at Risk Designation of MetLife as SIFI 'arbitrary and capricious': Federal judge
(DBN)

Judge: Govt wrongly ignored costs to MetLife of threat tag
(DBN)

____________

Politics:

Warren and Wasserman Schultz Clash Over Payday Lenders Senator Elizabeth Warren Has No Time For B------- Sen. Elizabeth Warren : Comic Book Hero?
(DBN)

Overheard in the Line for Long Island's Trump Rally Why Donald Trump Supporters Are Voting Alone This poll shows the huge problem for Republicans trying to drop Trump at the convention Donald Trump's immigration policy might be extreme, but it's surprisingly serious Stephen Colbert mocks Trump’s plan to ax the non-existent ‘Department of Environmental’ 7Rudy Giuliani Is Not Endorsing 'Close Personal Friend' Donald Trump for President, But He'll Vote for Him 0% of Americans View Trump Negatively
(DBN)

GOP Donors, Eager to Defeat Donald Trump, Learn to Love Ted Cruz Ted Cruz Courting the Brooklyn Republican Orthodox Jewish Vote Republican Donors Don't Like Ted Cruz but Will Deal With Him Anyway
(DBN)

Hillary Clinton sets Twitter ablaze after struggling to swipe NYC subway card Clinton, Sanders struggle with New York subway ahead of primary
(DBN)

Is Bernie Sanders ‘Qualified’? Here’s What Hillary Clinton Said Bernie Sanders thinks Hillary Clinton isn’t “qualified” to be president What does it mean to be "qualified" for the presidency, anyway? Clinton and Sanders Clash on Qualifications as Democratic Race Gets Bitter Bernie Sanders-Hillary Clinton Fight Qualifies as a Mess
(DBN)

Rallying With Trump and Sanders: A Journey From Venus to Mars
(DBN)

Bernie Sanders's Successful Insurgency Bernie Sanders, business genius? Yes, actually Robert Reich and Barney Frank clash over Bernie Sanders’ remarks on ‘too big to fail’
(DBN)

CEO Tells Bernie Sanders To STFU About GE GE to Bernie Sanders: We've 'never been a big hit with socialists'
(DBN)

____________

Travel:

Senate: Airlines Free to Shrink Seats More
(DBN)

____________

Distressed Investing:

'Fallen Angels' Spark High-Yield Fears
(DBN)

Billionaire Investors Buy When There's Blood In The Streets
(DBN)

Big Junk Bond Sales Making Comeback as Funds Clamor for Yield
(DBN)

____________

Mail:

USPS forced to lower price of postage stamps
(DBN)

____________

Golf:

ClubCorp Falls After Short Seller Targets Golf-Club Operator
(DBN)

____________

Sovereigns:

Argentina on road next week for first int'l bond in 15 years
(DBN)

Prat-Gay begins ‘roadshow’ to sell bonds
(DBN)

Argentina Head Fake: Is Bond Sale Conditional?
(DBN)

Argentina Bondholders Say Nation Is Reneging on Settlements
(DBN)

____________

EU:

ECB sets boundaries to action against global slowdown
(DBN)

New Reasons to Worry About Europe's Banks
(DBN)

'Brexit' May Leave EU Banks in Credit Hole
(DBN)

Weaker Lenders Pay Up to Regain Access to Riskiest-Debt Market
(DBN)

____________

PIIGS:

Greek Fin Min: Agreement With Creditors Will be Signed by Easter
(DBN)

Backward to Athens
(DBN)

Italian Officials Said to Step Up Efforts on Fund to Back Banks
(DBN)

____________

Canada:

Report: Canada Oil, Gas Investment To Drop 62% Since 2014
(DBN)

Canadian retail mogul back in court with another bankruptcy
(DBN)

Canadian Oil Industry No Longer Sees Alberta Advantage
(DBN)

Canadian oil and gas industry says it suffered massive spending decline
(DBN)

Postmedia considers asset sales, restructuring as losses widen
(DBN)

____________

Russia:

Vladimir Putin makes a totally convincing denial that there’s any corruption in Russia
(DBN)

____________

Australia:

Labor calls for 'nationalistic' plan for steel industry Ministers differ over foreign steel as Arrium talks continue
(DBN)

Crisis talks held to avoid Arrium job losses Arrium given two months' reprieve No bailout for Arrium
(DBN)

More miners to go bankrupt in 2016
(DBN)

Banks at Risk of Bad-Debt Blowout as Aussie Steelmaker Collapses
(DBN)

____________

Brazil:

Brazil banks to step up loan refinancing deals this year
(DBN)

____________

Austria:

Heta Bad Bank Bonds Climb as Austria Shows Willingness to Settle
(DBN)

____________

Japan:

Japan bankruptcies continue to decline
(DBN)

____________

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