December 2, 2016

The Daily Bankruptcy News

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Law:

Associate Bonus Watch: No Chance This Wasn’t Going To Happen
(DBN)

Associate Compensation Scorecard: Which Firms Have Announced Bonuses?
(DBN)

Associate Bonus Watch: International Firm Matches The Field
(DBN)

Bankruptcy Litigator Nicholas Foley Joins McKool Smith
(DBN)

Fee clawbacks in case of failed Heller firm to be considered by California Supreme Court
(DBN)

Making The S.D.N.Y. Great Again
(DBN)

Will Big Law Defend the Rule of Law?
(DBN)

Bonus Season May Not Make Everyone In BigLaw Merry
(DBN)

A.G. Schneiderman Issues Alert On Phishing Scam Targeting New York Attorneys
(DBN)

How Do Law Firms Determine Tech Budgets?
(DBN)

Conflicts, culture and control: the view from the US on the Eversheds Sutherland talks
(DBN)

Business Demands Overshadow Cybersecurity Needs at Law Firms
(DBN)

ABA should help law schools consolidate, says higher-ed market analyst
(DBN)

Law Schools Ranked by Employment
(DBN)

Average 401(k) savings top $1M in plans at these two law firms
(DBN)

Mandatory tech CLE: An idea whose time has come
(DBN)

Lowering Our Lawyer Shield
(DBN)

Some law firms are selling the right to their uncollected billings in exchange for up-front cash
(DBN)

Biglaw Firm Decides To Give Office Etiquette Lesson
(DBN)

How to deal with a narcissist at work
(DBN)

Using A Password Manager
(DBN)

DEA Paid $250 Million to Illegally Go Through Our Luggage, Mail
(DBN)

Lawyer Who Helped Save Death Row Inmate Didn’t Make Partner
(DBN)

Lawyer Being Investigated for ‘F--- Trump’ Graffiti
(DBN)

Here’s Why This Man Took His Mugshot with… a Parrot
(DBN)

Associate sues for injury caused by partner bullying
(DBN)

Texas Law Hawk wields flamethrower
(DBN)

Suspension Upheld for Teacher Who Stepped on U.S. Flag During SCOTUS Lesson
(DBN)

FBI Gets Sweeping New Hacking Powers
(DBN)

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Judges:

Amusements Off the Bench: The Hobbies of Judge Clarkson
(DBN)

Trump's 21 potential court nominees are overwhelmingly white, male and from red states
(DBN)

A Day in Court With Judge Margaret Ryan, Possible Scotus Nominee
(DBN)

The “why didn’t you keep your knees together” judge Comment could get him kicked off the bench
(DBN)

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Wall Street:

Dow set to drop from record high as Trump-rally fizzles
(DBN)

Stocks Fall as Caution Returns After Wall Street Rally
(DBN)

Oil and banks take Dow to new highs, but tech companies dive Treasuries Sink as Oil Gains Fuel Rout While Banking Stocks Rise
(DBN)

Charting a December divergence, Nasdaq plunges to 50-day average
(DBN)

Insiders Absent From Trump Rally in Stocks
(DBN)

S&P: Trump tax cuts could produce 'eye-popping' market gains
(DBN)

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Layoffs:

FuelCell Energy announces 96 layoffs
(DBN)

Rolls-Royce to Cut Another 800 Jobs
(DBN)

Rogers Media lays off 87 employees
(DBN)

Transamerica cutting 120 jobs
(DBN)

Bodybuilding.com lays off at least 90 workers
(DBN)

American Apparel Factory Workers Given Notice of Layoffs, Hope for A Reprieve from New Owners
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Autos:

A small hedge fund manager threw shade at Tesla's Elon Musk at a private conference, and said the stock is going to zero
(DBN)

Some 6 million Americans are delinquent with auto loans and it’s going to get worse
(DBN)

Edmunds: 25% of All Trade-ins Underwater in Q3 2016
(DBN)

U.S. Light Vehicle Sales decrease to 17.75 million annual rate in November
(DBN)

Fiat Chrysler Accused of VW-Style Emissions Cheating
(DBN)

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Politics:

Trump’s pledge to leave his business prompts calls to divest Crooked Hillary? Trump Goes All Wall Street Trump is becoming America’s first French president Five Things You Didn’t Know About the Emoluments Clause Trump thanks supporters, revives fiery campaign rhetoric in Ohio victory rally Trump picks legendary Marine Gen. Jim Mattis for defense secretary Trump should not have picked a general as defense secretary Here’s What You Need to Know About James ‘Mad Dog’ Mattis, Trump’s Pick For Secretary of Defense Meeting between Clinton and Trump campaign aides descends into a war of words How Goldman Sachs made it back into Washington’s inner circle Supporters Don't Care About Drain the Swamp When will Trump voters realize they’ve been had?
(DBN)

City Attorney Spraying Anti-Trump Graffiti While Drinking Wine Is All We Have Left
(DBN)

79,316 Voters Cost Clinton the Election
(DBN)

The Myth of the Rust Belt Revolt
(DBN)

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Healthcare:

Atoka County Medical Center exploring bankruptcy options
(DBN)

3 factors that could influence hospital bankruptcies in 2017
(DBN)

21 Tied to Forest Park Medical Center Indicted
(DBN)

Republicans are about to play a game of chicken with 20 million Americans' healthcare
(DBN)

Private insurers won't love it when Trump repeals Obamacare Poll: Only 25% Want Obamacare Repealed GOP Pushes State Role in Health Policy Why Obamacare Might Not Die So Quickly
(DBN)

EpiPen Price Gouger: You're Welcome America
(DBN)

The controversial medical association that counts Trump nominee Tom Price among its members
(DBN)

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Media:

Hulk Hogan Settlement Lets Gawker Go After Peter Thiel in Bankruptcy Court
(DBN)

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Construction:

NY: City-Hired Contractor Goes Bankrupt, Leaves Big Mess In Bayside Hills
(DBN)

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Credit Counseling:

Incarcerated Ch. 7 Debtor Not Exempt From Credit Counseling
(DBN)

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Economy:

U.S. Consumer Spending, Incomes Rose Steadily in October
(DBN)

Fed may face unnerving shake-up under Trump administration
(DBN)

Trump: Companies won't leave US anymore 'without consequences'
(DBN)

Vice President-elect Mike Pence Says Trump Administration Plans Ambitious Agenda
(DBN)

Imagining a Dystopia of the Dying Dollar
(DBN)

Bond Rout Deepens as Oil Surges Bonds are getting demolished
(DBN)

Trump nominees map out plans for tax cuts, trade and Carrier-style negotiations Billionaire Scion Todd Ricketts Tapped As Trump's Deputy Commerce Secretary Trump may not have the answer on jobs, but he's the only one asking the right questions
(DBN)

Trump's new Commerce secretary once bought bankrupt Bethlehem Steel Trump’s Commerce Pick Has Offshored U.S. Jobs and Thinks a Couple Earning $50,000 Can Afford a Nanny
(DBN)

Carrier Will Receive $7 Million in Tax Breaks to Save Jobs Indiana's Big Bucket of Factory Job Losses Donald Trump and the Indiana Carrier factory, explained Conservatives are worried Trump's Carrier deal could set a bad precedent GOP senator lays out why he thinks Trump's Ford and Carrier deals don't really matter Trump's Carrier coup reveals credibility gap between Twitter rhetoric and economic reality 'We do feel forgotten': About 1,300 Carrier company employees will still lose their jobs, despite Trump's deal What Trump actually needs to do to help manufacturing, according to Carrier workers Trump Is Setting a Terrible Precedent. Ask Japan.
(DBN)

The Budget Explained in Simple English
(DBN)

US manufacturing crushed expectations in November ISM Manufacturing index increased to 53.2 in November U.S. factory activity at five-month high, bottlenecks emerging
(DBN)

Weekly Initial Unemployment Claims increase to 268,000 Jobless claims rise 17,000 to 268,000
(DBN)

Jobs report likely to show young workers rejoining labor market November Employment Preview
(DBN)

Trump is about to inherit the 'strongest overall job market in a generation'
(DBN)

The Threat of Trump's Tariffs on Imports
(DBN)

Trump's treasury secretary pick is a very, very lucky man
(DBN)

How much the Trump tax cuts might help corporate profits
(DBN)

Construction Spending increased in October
(DBN)

Thanks To 'Fight For $15' Minimum Wage, McDonald's Unveils Job-Replacing Self-Service Kiosks Nationwide
(DBN)

Who Still Lives at Home with Their Parents?
(DBN)

Trump’s Health-Care Reform Uncertainty Could See Jobs Shrink
(DBN)

4 Things Trump Wants Privatized
(DBN)

Photographs of America's Working Poor
(DBN)

Stephen Hawking: Automation and AI is going to decimate middle class jobs
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

A Silicon Valley startup that flips houses just got valued at $1 billion
(DBN)

Fannie Mae: Mortgage Serious Delinquency rate declined in October
(DBN)

Mortgage rates reach highs not seen in more than a year
(DBN)

Serious Delinquency Rate on Mortgages for Single Family Homes Declined in October
(DBN)

Allied Home Mortgage, CEO Jim Hodge ordered to pay $92 million for FHA fraud
(DBN)

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Municipalities:

Puerto Rico’s federal control board between austerity and irregularity
(DBN)

New Jersey Averts Atlantic City Bond Default as Revival Plotted
(DBN)

Here's what 5 potential NJ governors think of the Atlantic City takeover
(DBN)

Maybe Atlantic City takeover is long overdue; maybe not
(DBN)

Jeffrey Chiesa, charged with running Atlantic City , will appear before city council
(DBN)

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Oil/Gas:

The OPEC deal is a sign of 'tough economic circumstances' OPEC raises the white flag in battle with U.S. Saudi Economy Drove OPEC Deal Winners And Losers Of The OPEC Deal OPEC Deal Could Trigger Drilling Boom In U.S. Shale
(DBN)

OPEC's Dead Cat Bounce Oil prices slide as investors assess what OPEC oil deal can deliver Fitch Talks Down OPEC Optimism - Oil Prices To Flatline In 2017?
(DBN)

U.S. Crude Oil Output Drops In September
(DBN)

The Evolving Landscape of Midstream Gathering Agreements
(DBN)

Bennu Oil & Gas Files for Chapter 7 Bankruptcy in Texas
(DBN)

Feds object to creditors plan for Samson
(DBN)

Different energy companies could stand to win with oil at $50, $55 or $60
(DBN)

Upstream MLPs Surge after OPEC Cuts Output
(DBN)

Fed's Kaplan: U.S. Oil Output Could Reach 11 Million Barrels a Day or More
(DBN)

Oil Keeps Rising After OPEC Output Deal Oil prices soar after OPEC output deal; Brent hits 16-month high above $54 Oil ETFs on track for best weekly gain in 16 months
(DBN)

Oil-Price Rebound Gives Banks New Reason to Cheer
(DBN)

US oil companies cut 2016 capex by $54 bln, or 40 pct
(DBN)

Swiber's judicial management extended for 180 days more
(DBN)

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Retailing:

As Web Sales Spike, Retailers Scramble to Ship From Stores
(DBN)

Amazon's Growing Power In The U.S. Economy
(DBN)

Express Slashes Outlook Again, Anticipates Weak Holiday Season
(DBN)

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Fraud:

Why They Do It
(DBN)

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Sporting Goods:

Judge backs participation of largest shareholder in Performance Sports Group auction
(DBN)

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Telecoms:

Nortel Takes Another Step Toward Wrapping Up Bankruptcy Case
(DBN)

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Debt Collection:

$11 Million Judgment Entered Against Debt Collectors In FTC Action
(DBN)

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Corporate Reform:

This Is the Absolutely Worst Time to Weaken Global Bank Rules
(DBN)

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Shipping:

OPEC deal is a blow for tankers, as shipping rates stage a recovery in November
(DBN)

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Celebs:

Convicted "shoe bomber" asks Mass. judge to be declared bankrupt 'Shoe Bomber' Says He Can't Afford to Pay Fine
(DBN)

Teresa, Nene & More! Who Are The Poorest 'Housewives' Ever?
(DBN)

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New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (13 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:

Bankruptcy filings fall 17% in northwest Ohio
(DBN)

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Interest:

Ninth Circuit Requires Debtor to Cure Default By Paying Post-Default, Increased Interest Rate According to Underlying Agreement and Nonbankruptcy Law
(DBN)

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Structured Dismissal:

Creditors Cutting in Line: Bankruptcy Settlements at SCOTUS
(DBN)

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Bankruptcy Rules:

New Bankruptcy Rules: What You Need to Know
(DBN)

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Mediation:

Five Reasons Why Mediation Must be Added to the Federal Bankruptcy Rules
(DBN)

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Class Actions:

Class Action Waivers in Employment Arbitration Agreements? Not as 'Fresh & Easy' As You Think
(DBN)

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Avoidance Actions:

The Impact of the Presumption Against Extraterritoriality on Avoidance Actions
(DBN)

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Indentures:

Drafters Beware: Broad Remedies Provisions May Have Unintended Consequences
(DBN)

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Sanctions:

BAP Strictly Requires Signing a Pleading for a Rule 9011 Sanction
(DBN)

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Subordination:

Aéropostale Rejects Debtor’s Attack on Traders
(DBN)

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TBTF:

House Passes Bill to Rework ‘Systemically Important’ Designations
(DBN)

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Consultants:

Alvarez & Marsal Promotes Hickman
(DBN)

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Hedge Funds:

Another Hedge Fund Bites The Dust Tiger Management-backed hedge fund firm Tyrian Investments to close -source Tyrian Investments Shutting Down – Second Tiger Cub To Close Within Past 24 Hours
(DBN)

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Electricity:

Energy Future bankruptcy exit hearings set for February
(DBN)

Third Circuit Departs from Momentive and Reinstates EFIH Noteholder Make-Whole Claims Causing Uncertainty over EFH’s Ability to Exit Bankruptcy
(DBN)

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Hotels:

Future of Tucson's Lodge on the Desert being fought out in bankruptcy court Owners, creditors spar over financial control of Lodge on the Desert
(DBN)

The Grand Lodge at Brian Head in bankruptcy court
(DBN)

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Enron:

Why Enron Remains Relevant Enron Still Matters, 15 Years After Its Collapse Remembering the collapse of Enron
(DBN)

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UK:

Investors Left Waiting as English Court Blocks Brexit
(DBN)

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EU:

Find out how the recast European Insolvency Regulation is impacting distressed investing in Europe
(DBN)

Eurozone unemployment falls below 10% for first time since 2011
(DBN)

European stocks at 3-week low on Italy worries, lower oil prices
(DBN)

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PIIGS:

Spanish Bank Imperiled By It’s Love Of Italy
(DBN)

U.S. watchdog says Abengoa unit's reorganization violates law
(DBN)

Greece: Labor laws pivotal for bailout pact, minister says
(DBN)

The world's oldest bank could be on the brink of a bailout Italian Banks Flirt With Disaster Again as Renzi Teeters
(DBN)

Italy's referendum has the potential to set off a global landslide Italy’s economy minister says that the referendum won’t cause a ‘financial earthquake' What’s really at stake in Italy’s vote-of-confidence referendum?
(DBN)

Drumm loses latest US appeal against bankruptcy ruling
(DBN)

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Canada:

Corporate restructuring under the BIA and CCAA – Key differences
(DBN)

Canada's stagnant, slipping national wealth overly reliant on oil and gas: study
(DBN)

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India:

Corporate defaulters may lose much protection under new code
(DBN)

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China:

China's economy is rapidly rebalancing toward services
(DBN)

Rural China Banks With $4 Trillion Assets Facing Debt Test
(DBN)

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Mexico:

AHMSA Successfully Completes Protracted Cross-Border Restructuring
(DBN)

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Brazil:

Court to decide on bankruptcy of Brazil's Oi Dutch units in January
(DBN)

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Hong Kong:

Winding up of Companies in Hong Kong: Key Legislative Updates Pending Implementation
(DBN)

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