December 23, 2016

The Daily Bankruptcy News

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Due to the Christmas holiday, The Daily Bankruptcy News will not publish on Monday, December 26, 2016



Law:

What BigLaw gets wrong about pay
(DBN)

Biglaw Behemoth Reups Its Lease — What Does This Tell Us About The Market?
(DBN)

Bonuses And Bowl Games
(DBN)

I was a partner in a huge established law firm . . .
(DBN)

Lawyer who was thrown off JetBlue flight for accosting and screaming at Ivanka Trump flees the airport as First Daughter and her family are switched to private jet by Secret Service after clash
(DBN)

Women Now Dominate Law School Classes. So What?
(DBN)

The 10 Most Important Legal Technology Developments of 2016
(DBN)

Law prof who wore blackface violated school’s anti-discrimination policies, report finds
(DBN)

Law firm KWM to appoint administrators for European arm King & Wood Mallesons notifies court of its ‘intention to appoint administrators’ AlixPartners named as proposed administrator to KWM
(DBN)

Former Cadwalader partner and self-described fanboy finds success with toy company
(DBN)

6 Social Media Tips for Litigators to Remember
(DBN)

Rolling Through Winter With Jenner's Top Partner
(DBN)

Charlotte School of Law students express anger at school, circulate petition for free tuition
(DBN)

Law School Faculty Rebels Against For-Profit Infilaw, Stands By Students In Time Of Need
(DBN)

Someone Thinks This Biglaw Partner Should Be Thrown In Jail
(DBN)

Attorney Charged With Killing Wife Said He Did It By Accident
(DBN)

In-house counsel blast lawyers who act like they're on the Apprentice
(DBN)

Dentons lawyers send Dentons lawyers barmy Xmas love letter
(DBN)

The Most Bonkers Law Firm Websites of 2016
(DBN)

IKEA Reaches Settlement In Parental Nightmare Case
(DBN)

Representing Buddy The Elf
(DBN)

Court: Cops Can Shoot Your Dog for Barking
(DBN)

Man Killed Stepmother for ‘Disrespecting’ Father over Cowboys Win, Police Say
(DBN)

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Judges:

Wanted: Top Court Justice Who’s Solid Conservative, No Surprises
(DBN)

Federal Appeals Court Reversal Rates Show Disparities
(DBN)

Supreme Court Clerk Hiring Watch: October Term 2017 Is Filling Up Fast
(DBN)

Moving ahead without a ninth Justice
(DBN)

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Wall Street:

US stock futures point to holiday-induced slumber
(DBN)

U.S. stocks close lower after mixed economic data
(DBN)

3 things the stock market is getting wrong about the Trump economy
(DBN)

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Layoffs:

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Politics:

Trump says US must 'expand its nuclear capability' until 'the world comes to its senses' Trump Summons Contractors to Mar-a-Lago Over Spending Trump advisor Icahn says it's 'crazy' to think he couldn't serve while owning stocks Wall Street is misunderstanding the new Trump team, says a source close to Trump transition Trump tweets that US should 'greatly strengthen and expand its nuclear capability' Trump's Wild-Card Administration The untold story of Trump son-in-law Jared Kushner's quest to become a media mogul Trump Is Making Little Attempt to Reconcile the Country Trump’s tweet pits Boeing vs. Lockheed in fighter battle
(DBN)

Ryan Fact Check: "Because of Obamacare, Medicare is going broke."
(DBN)

Carl Icahn's refinery shares soar after Trump taps him to slash regulations
(DBN)

Biden: Hillary Never Figured Out Why She was Running
(DBN)

Elizabeth Warren Under Siege
(DBN)

Trump States Have Highest Rate for ACA
(DBN)

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Autos:

Dependable Auto Shippers Files for Chapter 11 Protection First Day Dec
(DBN)

Volkswagen agrees to pay 'substantial compensation' to 80,000 US vehicle owners
(DBN)

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Celebs:

'RHONJ' star Teresa Giudice moves to reinstate legal malpractice lawsuit
(DBN)

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Student Debt:

Will Obama Cancel the Loan Debt of For-Profit College Victims?
(DBN)

Trump-backing Congressman who graduated with $110,000 in debt: ‘College costs are at a crisis level’
(DBN)

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Debt Collection:

November Debt Collection Complaints Decline
(DBN)

Garnishment for student-loan debt is leaving people below the poverty line, GAO says
(DBN)

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Shipping:

Containership owners may be next to be buffeted by ripples from the Hanjin collapse
(DBN)

K Line sues APL Logistics over false bankruptcy rumors
(DBN)

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Pensions:

PBGC reaches settlement with Nortel over 2009 bankruptcy claim Nortel Deal Removes Pension Agency's Threat to $7.3 Billion Pact
(DBN)

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Economy:

The US economy was stronger than previously thought in the third quarter U.S. GDP growth revised up to 3.5% rate in third quarter Third-quarter GDP growth spurt is already fading
(DBN)

Personal Income increased slightly in November, Spending increased 0.2%
(DBN)

Personal Consumption Expenditures Since 2007
(DBN)

U.S. Economy Approaches Year's End on Lackluster Note
(DBN)

Initial jobless claims jump by 21,000 to six-month high Weekly Initial Unemployment Claims increase to 275,000
(DBN)

US consumer spending slows in November on weak incomes
(DBN)

Are American Consumers Taking On Too Much Debt?
(DBN)

Durable goods orders drop for first time in five months in November
(DBN)

Trump may pick Yellen’s successor before her term is up
(DBN)

ABN AMRO: Federal Reserve may hike four times next year
(DBN)

Wall Street economists aren't buying into Trump's big growth outlook
(DBN)

Trump's new tariff proposal could put the economy on a path to 'global recession'
(DBN)

Trump's newest advisor is making all that tough talk about China look serious Trump is reportedly considering a 5% tariff on all imports Trump team says import-tariff report is ‘over its skis’ Trump faces challenges on trade promises Icahn: If we're going to get into a trade war with China, maybe it is better to do it 'sooner' China Warns Of US 'Showdown' Chinese media warn of conflict with US as Trump appoints Navarro Trade concerns bubbling up, as Wall Street winds down for holidays
(DBN)

Kansas City Fed: Regional Manufacturing Activity "Improved Considerably" in December
(DBN)

Five ways Donald Trump could pave a new path of opportunity for Americans
(DBN)

Jamie Dimon: Corporate America is in a 'reset moment'
(DBN)

The 5 US states that struggle most with credit card debt
(DBN)

James Rickards says Donald Trump can’t stop the next financial crisis
(DBN)

US Population Growth Lowest Since 1930s
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Deutsche Bank agrees to $7.2 bln settlement in DOJ mortgage probe Deutsche Bank and Credit Suisse agree billion-dollar fines with US authorities DOJ sues Barclays Bank for crisis-era mortgage securities fraud Barclays Balks at U.S. Demand It Pay Up Over ‘Craptacular’ Loans A Litany of Accusations in Barclays Mortgage Lawsuit
(DBN)

Annual improvement in mortgage delinquency rates is beginning to slow as market "normalizes"
(DBN)

Housing’s big question — what will happen when buyers think 4% rates are ‘crazy’
(DBN)

Rents are tumbling in some of the hottest housing markets
(DBN)

It hasn't been this hard to buy a house in America since the financial crisis
(DBN)

FL: Company completes $51.2 million land sale in bankruptcy case
(DBN)

Why the Chinese are still snapping up US commercial property
(DBN)

After prison, Jungen files for bankruptcy
(DBN)

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Municipalities:

Nobody Traded When JPMorgan Put Chicago School Debt Up for Sale
(DBN)

Puerto Rico Ten-Year Deficit Forecast Raised to $68 Billion
(DBN)

Darie on Puerto Rico’s Debt Crisis
(DBN)

Duffy calls for equal treatment for Puerto Rico under federal laws
(DBN)

Dallas pension system hires PR firm as investors eye January meeting
(DBN)

Manager running Flint during water switch pleads not guilty
(DBN)

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Oil/Gas:

Oil Rises On Weaker Dollar, Stronger U.S. Economic Growth
(DBN)

U.S. Natural Gas Needs Mexico
(DBN)

Memorial Production Partners LP Announces Plan Support Agreement and Agreement-in-Principle on Comprehensive Financial Restructuring to Deleverage Balance Sheet
(DBN)

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Fraud:

FBI Leaks Give Gambler Walters Better Odds in Insider Case
(DBN)

Platinum Partners Fraud Case Has Investigators Casting Wide Net
(DBN)

How To Make A Million Bucks From Day Trading: A Ponzi Adventure
(DBN)

TARP Fraud Charges Leveled Against Execs of Failed Fla. Bank
(DBN)

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Corporate Reform:

Barclays to Face Off Against U.S. Over Crisis-Era Loans
(DBN)

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Coal:

Peabody cites creditor support for plan to restructure, exit bankruptcy Peabody creditors back plan to cut over $5 billion of debt
(DBN)

Peabody files plan of reorganization
(DBN)

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Distressed Investing:

Goldman Sachs: 'Fallen angel' debt had its best year since 2003
(DBN)

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Healthcare:

Republicans are having second thoughts about scrapping Obamacare taxes
(DBN)

'Like a slap in the face': Doctors no longer feel the nation's largest doctors group represents their interests
(DBN)

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New Bankruptcy Opinions
(9 new opinions 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 (24 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:

16 companies we lost in 2016
(DBN)

10 Brands That Will Disappear in 2017
(DBN)

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Cross-Border:

Nortel Networks, U.S. pension insurer reach bankruptcy deal
(DBN)

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Discharge:

Debtors Who Misuse Collateral Can Lose the Benefit of Discharging their Debt in Bankruptcy
(DBN)

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Make-Whole:

Third Circuit Articulates Looser Standard: Make-Whole Premiums May Be Paid Post-Acceleration in Chapter 11
(DBN)

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Bankruptcy Rules:

December 1, 2016 Revisions to the FRBPs: Taking the Bite Out of the Core-Noncore Distinction
(DBN)

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TIA:

SDNY Limits Broad View of Section 316(b) of the Trust Indenture Act
(DBN)

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Mediation:

Structured Dismissals are Ripe for Mediation – But are They a Bridge Too Far?
(DBN)

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Appeals:

Judge Posner Says Chapter 13 Confirmation Doesn’t Make Appeals Moot
(DBN)

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Automatic Stay:

Bankruptcy Court: Exercise of Post-Petition Right to Setoff Without Court Permission Violated Automatic Stay
(DBN)

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Personal Finance:

Pawn my handbag: How women use designer accessories to raise cash
(DBN)

Comfort Zones – Often Not So Comforting
(DBN)

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Bankruptcy Crimes:

Ex-Attorney Indicted On Bankruptcy Fraud Charges
(DBN)

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Food/Beverage:

Bruegger's Bagels Fights Competing Offer for Bankrupt Franchise
(DBN)

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Transport:

Kane Co. switches from 'wind-down' to bankruptcy liquidation
(DBN)

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Retailing:

Trump's import tax could beat down retailers even more
(DBN)

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UK:

American Apparel shuts 12 of its 13 UK stores with loss of 150 jobs
(DBN)

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PIIGS:

Greece pensioners receive controversial Christmas bonus payment
(DBN)

Italy Sets Up Fund to Help Troubled Banks Italy creates $20 billion fund to back troubled banks Italian government rides to rescue of stricken bank Monte dei Paschi Monte Paschi's Dying Circus Act Bailing out the world's oldest bank could spark a fresh crisis for the eurozone Monte dei Paschi shares have been halted after it accepted a government bailout Italy's Monte dei Paschi bail-in is a bailout The Opportunity in Italy's Banking Crisis
(DBN)

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Canada:

Essar Global can't buy steel mill: Cliffs
(DBN)

Some Essar Steel Algoma employees jump ship as restructuring deadline looms
(DBN)

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MENA:

Saudi Arabia's national debt has exploded since the oil crash
(DBN)

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Australia:

Culleton turns on 'judge Pauline'
(DBN)

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South Korea:

More Asian Defaults Loom in 2017 Amid Korea Shipyard Debt
(DBN)

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Brazil:

Oi bondholders may get warrants in Sawiris-backed plan
(DBN)

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