August 17, 2016

The Daily Bankruptcy News

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Law:

Law firm billing rates increase along with revenue; productivity is down
(DBN)

Bankrupt Law Firm Unfinished Business Question to California Supreme Court
(DBN)

Uh-Oh! Why Is This Biglaw Firm Deferring Partner Profits? Barclays tightens lending conditions on KWM
(DBN)

Firms Buck Demand Slowdown in Uncertain Market
(DBN)

Can Older Lawyers Catch Up To The Future Of Law?
(DBN)

White & Case posts massive 39 per cent revenue climb
(DBN)

Rising Associate Salaries: Will Corporate Counsel Compensation Be Affected?
(DBN)

Report: Texas Firms See Greatest Drop in Demand in First Half
(DBN)

A Bankruptcy Partner Paddles to Freedom
(DBN)

To Hire More Women, Follow These Steps
(DBN)

DLA Piper's Energy Group Gets Jolt in Rio, DC
(DBN)

Are Lawyers Getting Priced Out of Silicon Valley?
(DBN)

Failing, For-Profit Law School Announces Plans To Affiliate With ‘Major University’
(DBN)

Ave Maria School of Law - Students Should Be Very Worried
(DBN)

Rankings Of 117 Private Law Schools By Tuition Increases Since 2010
(DBN)

Humble Is The Path Of The Law Professor
(DBN)

Jones Day Gets New Landlord in Midtown
(DBN)

Blogging His Way Out of the Law
(DBN)

Catching a Fresh Breeze
(DBN)

Law Professor to Students: Stop Calling Me by My First Name
(DBN)

As J.D. Enrollment Shrivels, Law Schools Turn To Alternative Degrees To Fill Revenue Shortfall
(DBN)

Skadden Reaches Deal With La. Firefighters In Investment Row
(DBN)

Hedge Fund Manager Throws His Hat In The Ring For “Worst Person, 2016”
(DBN)

Now Lawyers Can Get Reimbursed Even If They Lose a Case
(DBN)

Eversheds lawyers eye free ice cream as heatwave returns
(DBN)

3 simple stretches you should do if you sit all day
(DBN)

Being able to work remotely or from a mobile device has its pros and cons.
(DBN)

The Guilty Verdict For Pennsylvania's Attorney General The Troubling Case of an Attorney General Who Lied Pennsylvania attorney general is convicted; she announces resignation Winston & Strawn Lawyer Known for Mafia Cases Stands By Strategy in Pennsylvania AG Kane's Defense 7 Turning Points in Kathleen Kane's Downfall
(DBN)

Feds can’t prosecute medical marijuana defendants complying with state laws, appeals court says
(DBN)

Ohio lawyers can’t help medical marijuana businesses, advisory opinion says
(DBN)

The first salvos against third-party litigation funding disclosure are being fired
(DBN)

New Insurer for Lawyers Sets Sights on Litigious U.S.
(DBN)

The Man Charged With Starting a 4,000-Acre Wildfire
(DBN)

Who will get your iTunes when you die?
(DBN)

Eddie Redmayne will play Cravath name partner in movie about Thomas Edison patent battle
(DBN)

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Judges:

Judge accused of smashing windshield with pipe presided in criminal court while warrant was pending
(DBN)

Courthouse Beating Spawns $30 Million Lawsuit
(DBN)

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Wall Street:

U.S. stock futures pull back as Fed minutes eyed for rate-hike hints
(DBN)

Global stocks mixed after Wall Street decline
(DBN)

US stocks close lower ahead of Fed minutes; telecoms fall 2 pct
(DBN)

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Layoffs:

Cisco to lay off almost 20% of workforce, 14,000 jobs: report
(DBN)

GM supplier cuts 160 workers in Massachusetts following bankruptcy
(DBN)

Paterson budget plan could bring 250 layoffs
(DBN)

Layoffs Watch ’16: Tudor Investment Corp.
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Celebs:

Jacqueline Laurita’s Own Legal Problems Exposed: She Owes $330,000+ In Taxes Jac's Worst Nightmare!
(DBN)

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Metals:

Columbus Castings buyer not likely to restart plant New York firm bids $29.7M to win Columbus Castings auction
(DBN)

Noranda Aluminum gets bankruptcy judge approval for sale of its foil business
(DBN)

Constellation Gets Ch. 11 OK For Disputed $138M Asset Sale
(DBN)

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Personal Finance:

We asked and you answered — here are 25 moments you realized you needed to quit your job
(DBN)

Simple ways to teach your children about money
(DBN)

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Fishing:

In reversal, Chinese bank says it doesn’t want trustee at Pacific Andes
(DBN)

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Shipping:

Judge approves ship sale needed to release stranded sailors A Bunch Of Filipino Sailors Have Been Trapped On A Ship Near Georgia Since April
(DBN)

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Lehman:

Distributions To Lehman Brokerage Creditors Top $8.8B
(DBN)

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Debt Collection:

Suing a Debt Collector? Now They Can Buy Your Lawsuit
(DBN)

Company That Sued Soldiers Settles Colorado Lawsuit
(DBN)

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Student Debt:

Writing Off Student Loans Is Only a Matter of Time - Only 37% of borrowers are paying down their student loans.
(DBN)

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Mass Torts:

Africa’s ‘Living Corpses’ Backed by Lawyers Who Beat Big Tobacco
(DBN)

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Economy:

Key Measures Show Inflation close to 2% in July
(DBN)

Fed: Industrial Production increased 0.7% in July
(DBN)

Fed minutes under the microscope as US bonds remain steady What to Expect From the Fed's Minutes
(DBN)

Consumer Sentiment Index Since 1978
(DBN)

Consumer prices unchanged in July as gasoline costs tumble
(DBN)

Credit Card Use and Debt Increase Among Consumers
(DBN)

US Debt Held by Public Tops $14,000,000,000,000
(DBN)

What to Watch in the Fed Minutes
(DBN)

When Unequal Pay Makes Everyone Less Productive
(DBN)

Obama Administration Releases Study on Economic Impact of Student Loan Debt
(DBN)

Global Central Banks Dumping US Debt
(DBN)

US Debt Clock
(DBN

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Drop In Building Permits Reflects Some Housing Jitters
(DBN)

Housing Starts increased to 1.211 Million Annual Rate in July Comments on July Housing Starts
(DBN)

Early Read on Existing Home Sales in July
(DBN)

California home sales come tumbling back down to earth
(DBN)

Freddie Mac officially offers forbearance to Louisiana flood victims
(DBN)

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Municipalities:

Why your state’s public pension plan is in a much bigger hole than you already fear
(DBN)

Politically connected law firm won A.C. loan work, report says
(DBN)

The cities with the lowest unemployment rates in America
(DBN)

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Oil/Gas:

It has gotten so tough in the oil patch that people have stopped paying their mortgages
(DBN)

Oil trades near $46 as Nigerian oil chief sees OPEC cuts unlikely Oil prices fall as hopes for freeze agreement fade Oil prices fall on doubts producers can agree output restraint
(DBN)

Deloitte Oil & Gas Mergers and Acquisitions Report – Mid-year 2016
(DBN)

Too Big to Frack? Oil Giants Try Again to Master Technology That Revolutionized Drilling
(DBN)

Oil’s Big Summer Short
(DBN)

Swiber Holdings Limited’s Bankruptcy Debacle
(DBN)

Oil tycoon Pickens boosted energy holdings as rigs bottomed out
(DBN)

Trinity seeking T&T bankruptcy cover
(DBN)

An Update To Tidewater's Debt Issues
(DBN)

Norway’s $24 Billion Fund Seeing End to Losses in Oil Services
(DBN)

Louisiana's Sinking Coast Is a $100 Billion Nightmare for Big Oil
(DBN)

Best Bets for Buying New Homes: Oil Patch Communities
(DBN)

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Politics:

Making America's debt great again Trump Casinos’ Tax Debt Was $30 Million. Then Christie Took Office Donald Trump Thinks Lawsuits Against Him Are A Result Of Bribes How to Mythologize Yourself: Lessons from Donald Trump 'Morning Joe' airs brutal video showing Trump's previous stances on foreign policy compared with now How Do Trump’s Conspiracy Theories Go Over in the Middle East? Dangerously. How Economic Anxieties Explain Donald Trump’s Appeal—And Where They Fall Short Donald Trump's Invented History of the Iraq War Does the First Amendment Protect Deliberate Lies? Trump and the Media Play the Blame Game Why Trump’s warning of ‘rigged election’ isn’t credible Trump calls for African-American support, vows to restore law and order Trump to Air First TV Ads of General Election Campaign
(DBN)

To what degree do modern candidates resemble psychopaths?
(DBN)

FBI to Hand Over to Congress Notes From Hillary Clinton Email Probe While Donald Trump Grabs Attention, Hillary Clinton’s Poll Numbers Improve Obama Warns Democrats Not to Get Too Comfortable With Lead Over Trump Hillary Clinton Has a Problem: Finding Someone Who Can Imitate Donald Trump Read Hillary’s Lips: No Pacific Trade Deal Clinton camp pushes back as GOP challenges FBI, seeks probe FBI Gives Clinton Interview to Congress
(DBN)

Will Texas Stick Around for a Hillary Clinton Presidency?
(DBN)

Four Reasons Curt Schilling Might Not Want to Run for Office - The retired Red Sox ace is making noises about challenging Senator Elizabeth Warren in 2018
(DBN)

Clinton, Trump Tax Plans: We Lose
(DBN)

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Coal:

As Coal Industry Sputters, Some Miners Are Moving On
(DBN)

U.S. coal regulator boosts campaign to fix 'outdated' cleanup rules
(DBN)

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Retailing:

How Dick's Winning on Sports Authority Bankruptcy
(DBN)

Dick's still determining which Sports Authority leases to keep
(DBN)

Dick's prospers through liquidation sales of its competitors
(DBN)

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Media:

Lessons of Gawker's Downfall
(DBN)

Three Inconsistencies In Peter Thiel's Argument For Bringing Down Gawker
(DBN)

Ziff Davis, Univision Said to Be Only Bidders for Gawker Univision is buying Gawker Media for $135 million
(DBN)

Digital media hopes Gawker deal will help determine valuations
(DBN)

Web publisher LittleThings says it wants to buy Gawker Media's Jezebel, which isn't for sale
(DBN)

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Pensions:

The $6 trillion pension hole that we're all going to have to pay for
(DBN)

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Electricity:

2nd Half Of EFH Ch. 11 Exit Could Start As Early As Sept.
(DBN)

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Fraud:

$310-Million Settlement Awarded in Fraud Class Action Against Caremark and AIG
(DBN)

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Religion:

Diocese seeks time to work out settlement with victims
(DBN)

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Environmental:

Federal court filing challenges reactivation of Avoca environmental lawsuit
(DBN)

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New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (20 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (7 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:

The South has the highest bankruptcy rates in the country
(DBN)

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Cross-Border:

Chapter 15 Enables AHMSA To Have A Centralized Court Process For The Administration Of Its Restructuring Plan And The Enforcement Of The Lifting Order In The U.S. Mexican Steel Giant Seeks Ch. 15 Amid 17-Year Restructuring
(DBN)

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Sales:

Buyer Beware: a Sale “Free and Clear” is not Free and Clear of Claims Whose Holders Were not Provided Notice of the Sale Hearing
(DBN)

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Discharge:

6th Cir. BAP Holds In Rem Foreclosure Not Disguised In Personam Collection Effort
(DBN)

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Time-Barred Claims:

Filing of Stale Claim in a Bankruptcy Case May Not Violate the Fair Debt Collection Practices Act
(DBN)

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Bankruptcy Reform:

Bankruptcy for Banks: A Sound Concept That Needs Fine-Tuning
(DBN)

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Claims Trading:

Is Bank Debt a Security?: Dangerous Implications of the General Motors Litigation
(DBN)

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Mediation:

Former Judge as Bankruptcy Mediator
(DBN)

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Bankruptcy Policy:

'The End of Bankruptcy ' Revisited
(DBN)

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TBTF:

MetLife Defends Court Ruling Striking Too Big to Fail Label
(DBN)

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Settlements:

Tronox Deal Bars Toxic Tort Suit, Kerr-McGee Tells 2nd Circ.
(DBN)

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Contempt:

Violating the Automatic Stay Isn’t Contempt Without Intent
(DBN)

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Autos:

Volkswagen diesel acts were likely criminal, according to Justice Department
(DBN)

Texas Judge Tosses GM Ignition Lawsuit
(DBN)

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Healthcare:

US Bank Equipment Finance Files Motion to Stop Hospital Sale
(DBN)

Why Is Aetna Leaving Most of Its Obamacare Exchanges? Aetna's Retreat From Obamacare Is More Than It Seems Aetna decision exposes weaknesses in Obama’s health-care law Obamacare Will Survive Aetna’s Retreat To Sanders, Aetna’s Pull-Back from Affordable Care Act Markets Shows Need for Overhaul Obamacare’s in Trouble as Insurers Tire of Losing Money
(DBN)

SynCardia Systems to emerge from Chapter 11 reorganization with new owner
(DBN)

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Credit Counseling:

Frisco debt relief company draws more than 100 BBB complaints
(DBN)

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Food/Beverage:

The real reason restaurant stocks will wreck your returns
(DBN)

Southern Season could be sold at auction Friday
(DBN)

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UK:

Northern Ireland 'second best' in R3 insolvency tracker of 10 key business sectors
(DBN)

How will Brexit actually shape up? Weeks after vote, Brits still don't know.
(DBN)

UK unemployment rate steady at 4.9%, jobless claimants down U.K. Labor Market Weathers Initial Brexit Storm
(DBN)

Alpari UK bankruptcy update: 79 cents on the dollar to be refunded as KPMG fees top £10 million
(DBN)

How Will Brexit Affect Debt Recovery in the UK?
(DBN)

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PIIGS:

Spain’s Abengoa Expects to Implement Final Restructuring Plan by Sept. 30 Abengoa Expects at Least 75% of Creditors to Approve Plan
(DBN)

Spanish public debt jumps above 100 percent of GDP in June
(DBN)

____________

Canada:

From bankruptcy to profitability: How Cargojet beat the odds
(DBN)

TSX falls as banks, natural resource companies weigh
(DBN)

Substantive Consolidation: Efficient and Equitable Restructuring of Group Companies
(DBN)

Bankrupt mining company faces charges of polluting island in Hecate Strait
(DBN)

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China:

And so the leaky ship sinks slowly, slowly
(DBN)

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Turkey:

Turkey to Release 38,000 From Jail to Make Room for Alleged Coup Plotters
(DBN)

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Brazil:

Banks, bondholder group eye Brazil's Oi debt relief -source
(DBN)

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Japan:

Japan Forcing Elderly Back into Their Jobs
(DBN)

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