August 18, 2016

The Daily Bankruptcy News

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Law:

Demand Is Down. Why Are Billing Rates On the Rise
(DBN)

Are law firm jobs declining? Private practice jobs drop 7.6 percent for class of 2015 Percentage of Grads Landing Big Law Jobs Is Up, Number in Private Practice Sinks
(DBN)

Before the Raise to $180K, Salaries Were Already on the Up
(DBN)

With Private Practice Employment Lowest In 20 Years, Job Prospects Not Looking Rosy For Future Law School Graduates
(DBN)

Third-party litigation funding in insolvency
(DBN)

Law Firms Privately Do Not Care About Hiring A Diverse Workforce
(DBN)

Arizona Summit Law School seeks university affiliation
(DBN)

Law School Notorious For Graduates Failing The Bar Exam Makes Passing Mock Bar Exam A Graduation Requirement
(DBN)

Suit over Widener law school’s job statistics can’t be brought as a class action, 3rd Circuit rules
(DBN)

Law School Grads Have It Worse Than Vet School Grads
(DBN)

The ABA's Terrible, Horrible, No Good, Very Bad Day
(DBN)

The Case Of The Stolen Exams Leaves Students In A Lurch
(DBN)

The General Counsel Of GE Thinks Lawyers Are The Answer
(DBN)

The Art Of Fact Investigation
(DBN)

Ashurst to delay quarterly distributions amid profit fall
(DBN)

Foley & Lardner Hit For 'Malicious' Claims By Producer
(DBN)

Is $88,500 Salary Too Much for a Deputy General Counsel?
(DBN)

Here's the trick to staying cool in a suit jacket in the summer
(DBN)

9 ways people judge your personality based on your physical appearance
(DBN)

The US is throwing more and more women into jail because it doesn’t know what else to do with them
(DBN)

Brazilian judge orders seizure of passports of US swimmers Lochte and Feigen after robbery report
(DBN)

Omaha Father Spots Brownies in Back Seat Of Car Used By His Adult Children . . . Immediately Devours Four and Is Found Later Saying Bizarre Things To The Family Cat
(DBN)

Lawyer in Trouble for Posting Religious Prayers on Facebook
(DBN)

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Judges:

Judge Resigns After Allegations Of Profanity-Filled Rants
(DBN)

Retired bankruptcy judge seeks to financially educate youth
(DBN)

The Costly Fallout of a Deadlocked Supreme Court
(DBN)

Judge is removed from bench for allegedly letting a lawyer wear her robe and rule in some cases
(DBN)

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Wall Street:

U.S. stock futures in holding pattern as Cisco weighs
(DBN)

Stocks close slightly higher as Fed rate-hike debate rages on
(DBN)

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Layoffs:

Sikorsky to cut 85 jobs
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Politics:

There's a shocking amount of scholarly research surrounding 'The Apprentice' Trump's campaign chairman helped a pro-Russian group route millions to DC lobbyists Trump's Hire Sends Tremors on Capitol Hill Trump’s New Campaign Manager Maxed Out Personal Donations to Ted Cruz, Produced Anti-Trump Ads NBC Chief Slams Donald Trump as 'Toxic' and 'Demented' Ex-Trump campaign manager: Trump wants to 'win at all costs' Stephen Bannon: 'Legitimately sinister figure' Trump Campaign Hires Ex-Palin Aide to Rally Christian Voters 5 Things to Know About Donald Trump’s New Campaign Chief Steve Bannon Donald Trump Plays Catch-Up Is Trump purposely sabotaging his campaign? GOP looks to move funds away from Trump even with latest campaign shakeup Donald Trump’s merger with the Republican party has failed Donald Trump's lawyer stuns CNN anchor with bizarre response to candidate's lagging poll numbers What Trump Doesn’t Know About Detroit
(DBN)

House Republicans have a plan to nail Clinton for perjury
(DBN)

What Exactly Is It That We're All So Polarized Over?
(DBN)

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Gambling:

Caesars Settles One Bondholder Lawsuit
(DBN)

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Fraud:

Ex-Wall Street banker convicted for giving father insider tips
(DBN)

Trump University advice to students posed legal risks: Experts
(DBN)

Federal judge designates Kent Lindemuth bankruptcy fraud case to be 'complex'
(DBN)

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Weather:

The Fire Forcing 80,000 People From Their Homes
(DBN)

Heartbreaking scenes from the Louisiana floods
(DBN)

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Hotels:

FL: Bankruptcy trustee takes control of resort hotel, considers sale
(DBN)

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Shipping:

Bankruptcy trustee alleges vessel owner owes $350000
(DBN)

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Steel:

Debt in Global Steel Sector Reaches Record Highs
(DBN)

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Celebs:

Ch. 11 Can't Block 50 Cent Sex Tape Fee Row, Woman Says
(DBN)

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Mass Torts:

Flintkote Owes For Property Contamination, 3rd Circ. Told
(DBN)

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Economy:

Some voting Fed members see rate hike needed soon -minutes The Fed is starting to sound like the 1962 Mets, says Art Cashin Fed was split in July over whether an interest rate hike would be needed soon, minutes show U.S. Federal Reserve Meeting Minutes for July 27 (Text)
(DBN)

Here's everything the Fed is worried about right now
(DBN)

Market’s message to hawkish Fed chatter: ‘Show me’
(DBN)

U.S. Inflation, Year-over-Year Change Since 1990
(DBN)

The U.S. Recovery Is Not What It Seems
(DBN)

One chart explains why CEOs across America think the economy stinks
(DBN)

Restaurants have started using 'living wage' surcharges to raise servers' incomes
(DBN)

US Debt Clock
(DBN

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

HUD’s sale of delinquent mortgages to private investors violates fair housing laws, suit says
(DBN)

Flushing condo developer files for bankruptcy … again
(DBN)

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Municipalities:

Why Pensions Beat Bonds in Bankruptcy Court
(DBN)

Detroit readies 600 lawsuits over unpaid property taxes
(DBN)

Puerto Rico's Other Debt Problem
(DBN)

Puerto Rico's Financial Woes Revive Calls for Independence
(DBN)

Puerto Rico's economic growth challenge
(DBN)

Black flags and debt resistance in America's oldest colony
(DBN)

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Oil/Gas:

Oil Rallies On, Ignoring Saudi Production Claims Oil’s 4-day run comes to an end Brent tries to cling to $50 as oil prices waver
(DBN)

Crude oil and gasoline gluts begin to shrink
(DBN)

Can Midstream Contracts Survive Bankruptcy Court?
(DBN)

BP To Schlumberger In 'Barroom Brawl' As Oil Drillers Slash Cost
(DBN)

The Oilfield Service Struggle: $110B in Debt; Depressed By Market Pressure
(DBN)

SEC files $1.2M claim in SandRidge bankruptcy in whistleblower case
(DBN)

Rethinking the oil market in the aftermath of the 2014–16 price slump
(DBN)

Ultra Petroleum Trying to Force Debtholders to Deal re Bankruptcy
(DBN)

Pacific Exploration says creditors approve restructuring plan
(DBN)

Pacific creditors vote for Catalyst despite last minute bid
(DBN)

Milbank Advises Noteholders in $1.3 Billion Reorganization of Independent Energy Producer Penn Virginia
(DBN)

OPEC Should Be Worried, Big Oil Companies Are Fracking Again
(DBN)

Saudis Ramping Up Oil Output To Gain Leverage In OPEC Talks
(DBN)

Big Oil's New Pitch Sounds Like an Epitaph
(DBN)

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Healthcare:

Now we know the real reason Aetna bailed on Obamacare
(DBN)

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Personal Finance:

14 signs you're in the wrong job
(DBN)

16 attractive personality traits that can help you land any job
(DBN)

6 important lessons I learned from being broke
(DBN)

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Food/Beverage:

Popeyes shares plummet 10 percent on downgraded same-store sales estimate
(DBN)

Fast food's big problem just keeps getting worse
(DBN)

Is the end near for Marley Coffee?
(DBN)

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Retailing:

Macy's and Other Retail Store Closings Have Silver Lining
(DBN)

Macy’s Pullback Imperils $30 Billion of Debt
(DBN)

Urban Outfitters, Children’s Place Defy Apparel Field’s Woes
(DBN)

Dick's Sporting Goods rally may be over: Goldman
(DBN)

American Apparel Exploring Sale With Houlihan Lokey American Apparel is said to be considering moving manufacturing out of California
(DBN)

Hastings Parent Aims To Auction Leases After Liquidation
(DBN)

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Gambling:

Caesars Suing Apollo to Stop Creditors From Suing Apollo
(DBN)

Caesars Settles One Bondholder Lawsuit
(DBN)

U.S. judge suggests Apollo, TPG pay into Caesars reorganization
(DBN)

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Coal:

Peabody gets U.S. court approval for clean-up deals, executive bonuses
(DBN)

What the Backlash Against Coal Feels Like to a West Virginian Miner
(DBN)

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Electricity:

Energy Future Pushes Its Bankruptcy Exit Plan in Trial
(DBN)

Hunt back in the power struggle for Oncor The Hunts won’t give up on Oncor, and they’re offering new sweeteners and support
(DBN)

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New Bankruptcy Opinions
(1 new opinion today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (14 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (8 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:

Rising to just below 11% YTD, health care sector ch. 11 filings jump to 20% of total filings for August to-date. In the last 12 months, at least 14 nursing home & assisted living center operators have filed for ch. 11 protection
(DBN)

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Settlements:

EFIH First Lien Trustee Petitions for Certiorari to Resolve Circuit Split over Pre-Plan Settlements
(DBN)

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TBTF:

The too-big-to-fail problem is getting even bigger
(DBN)

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Corporate Reform:

Why Aren’t Any Bankers in Prison for Causing the Financial Crisis?
(DBN)

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PR:

Why Bankruptcy Isn’t a Communications Crisis
(DBN)

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Interest:

Default Interest: There’s Prepetition Interest and Postconfirmation Plan Interest – Don’t Forget About What Happens in the Middle
(DBN)

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Gambling:

Caesars bankruptcy cards closer to being revealed
(DBN)

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Media:

Gawker’s Sale is Bad News for Independent Media
(DBN)

Latham Lands Lead Role on Univision's $135M Gawker Media Buy
(DBN)

Why Univision Wants Gawker’s Network of Snarky Blogs
(DBN)

What happens to Hulk Hogan judgment after Univision buys Gawker Media?
(DBN)

A Gawker Media without Gawker?
(DBN)

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Alternative Finance:

How Lending Club’s Biggest Fanboy Uncovered Shady Loans
(DBN)

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Banking:

As the Failed Bank Litigation Wave Winds Down, A Look Back
(DBN)

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Hedge Funds:

Why people are sick and tired of hedge funds
(DBN)

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Education:

Report: Texas public universities 'dropout factories'
(DBN)

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Student Debt:

Student loan borrowers are paying for free services
(DBN)

Could Face-Time With Borrowers Help Reduce the Student Loan Crisis?
(DBN)

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Sovereigns:

Sovereign debt is getting riskier, experts warn
(DBN)

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UK:

U.K. Economy's Brexit Honeymoon Is Officially Over
(DBN)

Brexit Playing Long-Game Re: Destroying British Economy
(DBN)

U.K. Distributor Metrodome Goes Into Bankruptcy Protection
(DBN)

NI companies buoyed by low insolvency risk - R3
(DBN)

Dublin to become legal outsourcing hub post Brexit
(DBN)

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PIIGS:

Ratings warning pushes Portuguese bond yields higher for second day
(DBN)

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Canada:

Ruling on U.S. Steel benefits expected Friday
(DBN)

Economy Of Alberta Hit Hard By Low Oil Prices
(DBN)

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China:

China is prosecuting 26 people in a $7.6 billion Ponzi scheme
(DBN)

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Bahamas:

Bahamas PM silent as bankrupt megaresort crisis drags on
(DBN)

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