August 9, 2016

The Daily Bankruptcy News

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Law:

ABA Future Panel Calls For Broad Changes In Legal Services
(DBN)

Discrimination and harassment will be legal ethics violations under ABA model rule
(DBN)

Crack Down on Law Schools That Don't Pass the Bar
(DBN)

Will the Billable Hour Ever Go Away?
(DBN)

Law Firms 'Blindsided' By Drop In Demand, Tax Suffers Biggest Drop (3.4%)
(DBN)

NYC Lateral Season Lengthens as Firms Bet on Corporate Work
(DBN)

Money Laundering Case Puts Spotlight on Law Firms' Use of Trust Accounts
(DBN)

After loss of DC rainmaker, Cadwalader cancels summer associate program in the city After Rainmaker Departures, Biglaw Firm Cancels Summer Program
(DBN)

Suspension recommended for bankruptcy lawyer in Miami athletics probe
(DBN)

18 new lawsuits filed against Humphreys for mishandling of flood litigation
(DBN)

The Alternative Fee Arrangement That Will Force Big Firms To Innovate Or Die
(DBN)

Lawyerly Lairs: A Young Yale Law Grad’s $32 Million Apartment
(DBN)

The Pink Ghetto: It’s Never ‘Appropriate’ To Ask If You Can ‘Milk’ A Breastfeeding Law Firm Associate
(DBN)

Why Do CLEs Suck So Badly?
(DBN)

Circuit Demands that Prefiling Injunctions Be Clear and Precise
(DBN)

ABA Approves Pay for Law Students' For-Credit Externships
(DBN)

If You Want Women To Work At Your Firm, Show Them Women Have Power At Your Firm
(DBN)

The best productivity system for procrastinators is to work with your natural tendencies
(DBN)

11 nervous habits that make you look incompetent
(DBN)

Prosecutor Apologizes for Accidentally Firing Gun Inside Restaurant
(DBN)

‘Clock Boy’ Ahmed Mohamed Sues Texas School District Nearly a Year After His Arrest
(DBN)

Chevron wins U.S. ruling blocking $8.6 bln Ecuador rainforest award Lawyer who won $9B Chevron judgment can’t collect it; 2nd Circuit upholds RICO injunction
(DBN)

Roger Ailes' Alleged Use of Company Funds Could Make Him Liable to Fox End of the Reich: Inside the Fox News Bunker
(DBN)

Perjury Trial Begins for State AG Accused of Leaking Secrets and Cover-Up
(DBN)

This Is Why Americans Think Crime Is on The Rise
(DBN)

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Judges:

Notice Regarding Recall Status of Hon. Robert E. Littlefield, Jr.
(DBN)

Why Trusting Donald Trump on Judges Is Folly
(DBN)

Alabama chief justice's ouster over gay marriage weighed
(DBN)

The Dark Side Of A Fictional Jurist
(DBN)

Courts Channel Scalia and Get Different Answers
(DBN)

Judge Suspended for 90-Days Over Racially Charged Remarks
(DBN)

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Wall Street:

Dow poised for a win as sunny mood refuses to fade
(DBN)

Global stock markets up after weak China data
(DBN)

Wall Street steps back from record highs
(DBN)

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Layoffs:

Layoffs Watch ’16: Bridgewater Associates
(DBN)

Layoffs Watch ’16: Goldman Sachs
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Politics:

Donald Trump, Hillary Clinton Say They’ll Ease the Burden of Child-Care Costs What Donald Trump’s Child Care Tax Plan Means For You
(DBN)

Hillary Clinton’s Email Controversy Haunts Campaign Black Pastors Are Breaking the Law to Get Hillary Clinton Elected Benghazi Parents Sue Hillary Clinton
(DBN)

Donald Trump Pitches Tax Breaks, Moratorium on New Regulations Trump's economic speech: CNN's Reality Check Team vets the claims Trump's Proposed Tax Plan Great for Rich, Bad for Supporters Inside Donald Trump's Business Failures Ahead Of Detroit Speech On Economic Plan Trump Has a Posture, Not a Plan, on Economics Donald Trump is making 2 big changes to his economic platform Parsing Donald Trump's Lies in Detroit Donald Trump attempts to reset conversation with 'America First' economic plan Donald Trump raises his proposed top tax rate for individuals Restrained Trump goes at Clinton for tax plan Donald Trump Proposes a ‘Tax Revolution’ Amid Protests in Detroit Read Donald Trump’s Economic Speech in Detroit George P. Bush, Son of Jeb, Tells Texas GOP Activists to Back Trump Trump's Shotgun Marriage of Populism and Supply-Side Economics How Donald Trump Opened the Way For David Duke's Return 50 Republican officials make the case that Trump is a national security threat Could members of the electoral college go rogue on Trump? Carl Icahn Would Have Joined Trump Economic Team But He Had Already Made Plans To Wash His Beard
(DBN)

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Coal:

What If All U.S. Coal Workers Were Retrained to Work in Solar?
(DBN)

Bankrupt Peabody's loss narrows as sales drop 26%
(DBN)

Coal Prices Up 30% On Shuttered Chinese Mines
(DBN)

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Bankruptcy Crimes:

Former President and CEO of Montgomery-Based Steel Company Sentenced to Six Years in Prison for Bankruptcy Fraud Bankruptcy fraud nets ex-Montgomery business owner 6 years in prison
(DBN)

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Television:

'American Idol' Owner Looks to Terminate Deals With Simon Fuller
(DBN)

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Paper:

FERC, Lincoln Paper and Tissue estate settle $5 million lawsuit
(DBN)

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Debt Collection:

The CFPB’s Debt Collection Proposals: What You Need To Know
(DBN)

CFPB Debt Collection Plan Doesn’t Spare Banks
(DBN)

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Alternative Finance:

LendingClub finance chief resigns; loss widens LendingClub's Quarterly Loss Widens
(DBN)

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Retailing:

Aeropostale Cleared to Seek Bankruptcy Rescue From Versa Capital
(DBN)

PacSun Working On Objections Before Ch. 11 Plan Hearing
(DBN)

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Media:

Are Gawker and Hulk Hogan about to settle?
(DBN)

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Economy:

Consumer spending, income expectations rise, New York Fed says
(DBN)

More Employment Graphs: Prime Age Participation, Duration of Unemployment, Unemployment by Education and more America added 255,000 jobs in July, but unemployment rate unchanged
(DBN)

Fed’s job-market index has first gain of year in July
(DBN)

The US is a big outlier when it comes to income inequality
(DBN)

Consumer Borrowing Slows in June
(DBN)

In Labor vs. Capital, Labor Is Now Winning
(DBN)

Is the U.S. Due for Radically Raising Taxes for the Rich?
(DBN)

A Record Number of People Became Billionaires in 2015
(DBN)

Alan Greenspan And Marc Faber Agree The Fed Has Reached Zero Hour
(DBN)

Trump tax cuts would be costly
(DBN)

More Stores are Refusing to Deal in Cash
(DBN)

US Debt Clock
(DBN

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Judge imposes $1.8M in penalties for misleading law firm charges in more than 2,000 foreclosures
(DBN)

Fannie and Freddie could need $126 billion taxpayer bailout in next crisis, stress test finds
(DBN)

Phoenix Real Estate in July: Sales down 2%, Inventory up 3% YoY
(DBN)

Bank trying to force River Park Development into bankruptcy
(DBN)

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Municipalities:

U.S. Supreme Court Scuttles Puerto Rico’s 2014 Municipal Debt Restructuring Law
(DBN)

What Obama needs to do now to fix Puerto Rico's problems
(DBN)

Clearwater sues over pension fund losses
(DBN)

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Oil/Gas:

Energy Stocks Gain as Output Freeze Talk Bolsters Oil Glut grows
(DBN)

Tues.: Oil prices walk back from sharp rally, with focus on U.S. data
(DBN)

Texas oil regulator expects $60/barrel crude by 2017
(DBN)

The Consequences Of Big Oil’s Exploding Debt
(DBN)

Why OPEC may actually stop bickering and take action
(DBN)

20 Months, 90 Bankruptcies In North-American Oil & Gas
(DBN)

E&P bankruptcies piling up, more to come
(DBN)

Russia sees no grounds for new talks on oil output freeze yet
(DBN)

Paragon Offshore gets agreement in principle for revised restructuring plan
(DBN)

Oil industry's 'hottest ZIP codes' are in West Texas
(DBN)

August Bankruptcy Update For Ultra Petroleum
(DBN)

Swiber wasn't showing signs of distress before implosion
(DBN)

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Aviation:

Delta’s No Good, Relatively Okay Day Delta Passengers Are Not Pleased With Flight Delays Passengers frustrated, resigned over huge delays
(DBN)

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Fraud:

Barclays to Pay $100 Million To Resolve States’ Libor Manipulation Claims
(DBN)

Suspension Recommended For Ponzi Schemer's Florida Atty
(DBN)

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Pensions:

Pension ballot question won't go before New Jersey voters
(DBN)

Pension challenges in bankruptcy and restructuring processes
(DBN)

U.S. Companies Need to Plug Their Pension Plan Deficits
(DBN)

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Healthcare:

More and more women are now dying in childbirth, but only in America
(DBN)

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Derivatives:

Warren Buffett sold $195 million worth of 'financial weapons of mass destruction'
(DBN)

____________

Awards:

Lewis Roca Rothgerber Christie Attorney Susan Freeman Honored as one of Top Women Litigators in U.S.
(DBN)

Top 250 Women in Litigation
(DBN)

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Celebs:

Gymnast Gabby Douglas’ Sad Childhood: Broke Single Mom Relied On Food Stamps, Filed Bankruptcy
(DBN)

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Personal Finance:

11 interview questions you should never answer directly
(DBN)

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Buses:

Bankruptcy judge lets suit against former DesignLine leaders go forward
(DBN)

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Electricity:

EFH bankruptcy fees approaching those of Enron
(DBN)

____________

Student Debt:

NJ lawmakers hear horror stories about state student loan program Is N.J. too tough on college loans? Lawmakers think so N.J. student loan agency absent from legislative hearing
(DBN)

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Asset Protection:

Nevada among most aggressive states vying to shield the wealth of the 1 percent
(DBN)

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Lehman:

Lehman Partnerships Escape Real Estate Investors' Fraud Suit
(DBN)

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Alternative Energy:

Elon Musk’s plan for Tesla and SolarCity involves creating market where none exists
(DBN)

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New Bankruptcy Opinions
(11 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (25 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (14 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:

States and Counties With the Highest Bankruptcy Rates
(DBN)

July Commercial Chapter 11 Filings Drop 45% Year/Year
(DBN)

July Comm’l Bankruptcy Filings Increase 10%, Total Filings Fall 15%
(DBN)

Hawaii has nation’s fifth-lowest rate of personal bankruptcy filings

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TIA:

Out-of-court bond exchanges face challenges on TIA grounds
(DBN)

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Insurance:

Investor Plan in Life Partners Bankruptcy Recommended for Approval by All Court-Appointed Fiduciaries in Case
(DBN)

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TBTF:

New Bank Rules Won't Stop Bailouts
(DBN)

Fannie and Freddie Will Be Profitable After Their Next Bailouts, Too
(DBN)

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Bankruptcy Remoteness:

Delaware Court Invalidates Lender's Attempt to Prevent Bankruptcy Through Issuance of 'Golden Share'
(DBN)

A Brief Guide to Automatic Stay Waivers, Bankruptcy Remoteness, and Bad Boy Guarantees
(DBN)

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Automatic Stay:

Creditors Beware-Automatic Stay Violations Can Lead to Massive Punitive Damages
(DBN)

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Executory Contracts:

In Head-to-Head Contest Between Separate Debtors in Bankruptcy, Right to Reject Executory Contract Prevails
(DBN)

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Avoidance Actions:

The Third Circuit Weighs In Again on the Meaning of “Unreasonably Small Capital” in Constructively Fraudulent Transfer Avoidance Litigation
(DBN)

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Plan Confirmation:

The Third Circuit Rules That Tender Offer Prior to Confirmation of Chapter 11 Plan Is Not Prohibited by the Bankruptcy Code
(DBN)

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Forward Contracts:

Forward Contract Merchant Waived Ipso Facto Right to Terminate
(DBN)

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Jurisdiction:

Two Circuits Tackle Rooker-Feldman in Opinions on the Same Day
(DBN)

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Food/Beverage:

Logan's Roadhouse files for bankruptcy protection Logan's Roadhouse files for bankruptcy; 18 restaurants closing Logan’s Roadhouse in Bankruptcy After Diners Choose Rivals Logan’s Roadhouse Files Chapter 11 with Restructuring Agreement in Place Steakhouse Chain Hits Ch. 11 With $416M In Liabilities First Day Dec
(DBN)

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Proofs of Claim:

School District Loses 5th Circ. Tax Battle With Glassmaker
(DBN)

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UK:

UK Buyouts Plunge As Buyers Await Price Reset
(DBN)

London Office Values Drop 6% in July City of London Office Values Dragged Down by Brexit
(DBN)

HSBC: The pound is heading to parity with the euro and will sink to $1.10 against the dollar
(DBN)

To Buy or Not to Buy?
(DBN)

____________

PIIGS:

Tsipras reminds EU partners of Germany's post-war debt cut
(DBN)

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Canada:

Province can't help Ben Moss employees now, spokeswoman says
(DBN)

China Ramps Up Predatory Acquisitions In Canadian Oil & Gas
(DBN)

Canadian Auto Industry Faces Extinction
(DBN)

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India:

Insolvency and Bankruptcy Code to come into force from August 5
(DBN)

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China:

Copper is waving a red flag for China's economy
(DBN)

S. China opens bankruptcy court to battle 'zombie firms' Tribunal to handle 'zombie companies'
(DBN)

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Brazil:

Brazil's bankruptcy protection filings surpass 1,000 cases through July
(DBN)

Oi Holder Tanure Calls Sept. 8 Vote on Directors, Pharol Claim
(DBN)

____________

MENA:

Hariri firm in Saudi Arabia 'facing bankruptcy'
(DBN)

Distressed Saudi Oger owes $800m to staff
(DBN)

Lawyers apparently targeted in Pakistan hospital attack that killed more than 60
(DBN)

____________

Venezuela:

Default: A Self-Defense Measure
(DBN)

____________

Singapore:

Singapore at risk should bond defaults 'cascade'
(DBN)

____________

Japan:

Corporate bankruptcy cases in Japan decline
(DBN)

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Hungary:

Banks commit to personal bankruptcy law, with fine-tuning
(DBN)

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