December 5, 2016

The Daily Bankruptcy News

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Law:

Associate Bonus Watch: Fried After A Long Week
(DBN)

Associate Bonus Watch: Final Magic Circle Firm Pulls $100K Out Of Its Hat Magic Circle firms quickly match Cravath associate bonuses
(DBN)

Associate Bonus Season: Method or Madness?
(DBN)

So Who Is Pissed About Their Bonuses?!?
(DBN)

Elite Law Firms Increasingly Suing Clients to Collect Fees
(DBN)

Bar Exam Suicides Are Disturbingly Common Among Recent Law School Graduates
(DBN)

Which Biglaw Firms Have The Biggest And Best 401(k) Plans?
(DBN)

Aspiring women lawyers face 'leaky pipeline' into the profession, study finds
(DBN)

Women - Unless You Get Accepted by T-14, Don't Go to Law School
(DBN)

More On The California Bar Exam Carnage
(DBN)

I’m in an email war with a colleague and it’s getting out of control
(DBN)

Legal Services - 500 Jobs Lost in November 2016
(DBN)

KC law firm Spencer Fane grows to 190 lawyers with acquisition of 70-year-old Denver firm
(DBN)

City attorney accused in anti-Trump graffiti incident remains on the job, for now
(DBN)

12 Diversity Obstacles Your Law Firm Faces Over The 12 Days Of Christmas (And Potentially Long After)
(DBN)

Diversity’s Death by a Million Little Paper Cuts
(DBN)

How To Educate Potential Clients And Improve Your Business Online
(DBN)

DLA, Reed Smith Among Top 20 Firms Rated By Clients For Service
(DBN)

What Is Eversheds Up To?
(DBN)

The Goal for 2017? Practice the 'Big G'
(DBN)

A Sober Navigation Of The Law Firm Holiday Party Circuit
(DBN)

29 Years Later: Akin Partner Looks Back
(DBN)

When Should You Pull the Trigger on Hiring E-Discovery Contractors?
(DBN)

Bergdahl Wants Pardon from Obama
(DBN)

Lawyer Found Dead One Week After 16 Year Old Daughter Committed Suicide
(DBN)

Trump’s AG Pick Jeff Sessions Once Claimed It Was Illegal for LGBT Group to Meet
(DBN)

Miami Parking Officers Repeatedly Ticket Car For Days Without Noticing Dead Man Slumped Over In The Front Seat
(DBN)

Jury Can’t Decide If Shooting A Fleeing, Unarmed Black Man Five Times In The Back Is A Crime
(DBN)

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Judges:

IN: Bankruptcy judge announces retirement
(DBN)

Judge who let law clerk rule on cases has Alzheimer’s diagnosis, is unable to do job, complaint says
(DBN)

A Federal Judge’s Rather Rude Joke
(DBN)

Trump To Make SCOTUS Great Again ‘Pretty Soon’
(DBN)

For 2 days, Texas Supreme Court judge was known as Juror #6
(DBN)

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Wall Street:

Wall Street stocks poised to step higher
(DBN)

Stocks close mostly flat
(DBN)

Wall Street’s Trump optimism comes with heavy dose of uncertainty
(DBN)

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Layoffs:

Limited announces large employee layoff
(DBN)

DreamWorks Layoffs Hit Glendale with 170 to Go
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Retailing:

Sears is on the brink of catastrophe as stores closures loom and top execs flee the company
(DBN)

Twice Bankrupt American Apparel is in a Rush to Sell
(DBN)

Bankrupt Women Retailer Nasty Gal May Have a Suitor
(DBN)

How To Profit From The Death Of Malls In America
(DBN)

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Politics:

How everyone blew it on Trump's huge upset Trump tweets 'SNL' is 'unwatchable' after its sketch about his tweets 'Republicans oppose this, remember?': Sarah Palin slams Trump for 'crony capitalism' Carrier deal Trump, Cabinet could avoid millions in taxes thanks to this little-known law Here's Where Donald Trump Gets His News Trump supporters file legal challenges to vote recounts in three states Trump Considered Buying Hotels in Cuba, Iberostar Chief Says Trump Lashes Out At China Donald Trump could erase Obama's legacy almost as soon as he takes office
(DBN)

A Bill Comes Due For Democrats: The Use of the “Nuclear Option” Will Now Curtail The Powers Of The Democrats In The Senate
(DBN)

Krugman: The Art of the Scam
(DBN)

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Education:

A&G Realty Partners and Madison Hawk retained to sell two Dowling bankruptcy properties
(DBN)

For-Profit Colleges Look to Donald Trump for a Pass
(DBN)

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Bankruptcy Crimes:

Physician sentenced for bankruptcy fraud
(DBN)

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Student Debt:

Degrees of debt: The downside of federal student loans
(DBN)

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Food/Beverage:

Unpaid wages pile up at Erie County Farms
(DBN)

Could Premier Cru sale help wine counterfeiters?
(DBN)

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Corporate Reform:

Range of options await Trump on bank rules
(DBN)

Fed Official Stands by Wall Street Reforms
(DBN)

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Healthcare:

Hospitals fall victim to felons and fraudsters under lax regulation
(DBN)

Oklahoma hospital explores bankruptcy
(DBN)

Doctor-owners, execs of bankrupt Forest Park hospital chain indicted in massive kickback scheme Texas Hospital Leaders Face Bribery Charges
(DBN)

House Republicans Warn Not to Expect ACA Repeal on Day One
(DBN)

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Pharma:

Concordia's Ominous Silence
(DBN)

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Economy:

November Employment Report: 178,000 Jobs, 4.6% Unemployment Rate Solid November Employment Report, Sharp Drop in Unemployment Rate
(DBN)

A showdown between Trump and the Fed is looming
(DBN)

Trump: I'll punish companies that ship jobs overseas Companies that leave the US will face 'retribution' Trump vows retribution, in the form of a 35% tax, for US companies that move abroad
(DBN)

Donald Trump's Carrier Jobs Deal - Baby Steps To Killing The US Economy Trump's Carrier Deal Could Create Jobs -- And Policy Chaos FactCheck: Trump and Carrier Deal A government of, by and for corporate America Not That Many Carrier Jobs Were Saved Before He Saved Them, Trump Sued Carrier for ‘Inoperable’ Air Conditioning Units
(DBN)

Trump criticizes Rexnord over plans to send jobs to Mexico
(DBN)

Healthcare spending in the US just did something that rarely happens outside a recession
(DBN)

The wages of construction workers could skyrocket under Trump
(DBN)

Trump's tax plan could be bad news for the housing market, charitable giving, and local governments
(DBN)

How Much Will Trump Cut Taxes For Top 400? We'll Never Know, As IRS Ends Report
(DBN)

Why Trump gets more hype out of 1,000 jobs than Obama does out of 16 million
(DBN)

A Great Deal for the Many
(DBN)

Taxes Under Trump—Almost Everyone Pays Less, The Richest Pay A Lot Less
(DBN)

Fed Governor Tarullo To Mnuchin: Actually, Dodd-Frank Is Good Fed's Tarullo Criticizes House Republicans' Bank-Overhaul Plan
(DBN)

Trump nominee Wilbur Ross a divisive figure in steel industry
(DBN)

Public and Private Sector Payroll Jobs: Carter, Reagan, Bush, Clinton, Bush, Obama
(DBN)

Rural America Misses Out on American Dream
(DBN)

Moody's economist Mark Zandi walks back his comment on Trump being 'disastrous' for the economy
(DBN)

Summers: It’s Time for a Reset
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Zillow Forecast: Expect Case-Shiller Index to "continue to accelerate" in October
(DBN)

Poor Gretchen on Fannie and Freddie
(DBN)

2017 Housing Market Forecast
(DBN)

Judge voids 80-year bowling alley lease at Railyard
(DBN)

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Municipalities:

Damaged Dallas braces for bankruptcy City's plan to save Dallas Police and Fire Pension Fund will target those who got rich from the system Judge Says Dallas Police and Fire Pension Vote Can Happen
(DBN)

White House releases report on efforts to help Detroit
(DBN)

Puerto Rico's Neocolonial Debt
(DBN)

This is Why California is Broke
(DBN)

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Oil/Gas:

Mon.: Oil is slipping as traders get jittery over the planned OPEC cut
(DBN)

Fri.: Oil heads for biggest weekly advance in 15 months
(DBN)

Ex-Saudi minister on OPEC: ‘We tend to cheat’
(DBN)

Permian leads latest increase in oil rigs, Baker Hughes says Rig count grows as oil futures hit 2016 high
(DBN)

Texas Oil and Gas Output Continues to Fall
(DBN)

Big Oil is in decline, and the OPEC deal can’t rescue it
(DBN)

Trump advisors aim to privatize oil -rich Indian reservations
(DBN)

Oil Market Turns Upside Down as Shale Rushes to Hedge Post-OPEC
(DBN)

Seen it before: How small oil and gas companies survive the bust
(DBN)

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Brokers:

From Multiple Million-Dollar Brokerage Bonuses, to Bankruptcy
(DBN)

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Media:

Creditors Try to Force Scout Media Into Bankruptcy
(DBN)

Gawker Changes Tune on Decision to Publish Hulk Hogan Tape
(DBN)

Gawker throws A.J. Daulerio under the bus in new court filing
(DBN)

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Apparel:

Pension Blowback Causes Unionwear to Declare Bankruptcy
(DBN)

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Awards:

FL: 2016 Most Effective Lawyers: Bankruptcy
(DBN)

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Coal:

Trump's Cruel Promise to Bring Jobs Back to Coal Country
(DBN)

Peabody wants to repay term loan early thanks to improving coal prices
(DBN)

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Aviation:

Erickson $49MM DIP Approved, Wells Fargo to Agent
(DBN)

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Shipping:

If the customer is always right, what happens when the customer goes bankrupt?
(DBN)

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Labor:

Union says it can't afford multi-million bond to appeal Files Bankruptcy
(DBN)

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Turnarounds:

AlixPartners Expands Turnaround Services to Caribbean
(DBN)

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Alternative Energy:

Trump brings Koch network's anti-green-energy stance from the fringe to the center of power
(DBN)

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Enron:

Enron’s Legacies, a Decade and a Half Later
(DBN)

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Distressed Investing:

Distressed debt specialists Anchorage Capital buys slice of publicly-listed law firm's debt
(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 (31 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (10 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:

Nationwide Bankruptcy Filings Drop
(DBN)

Declining bankruptcy filings in Maine reveal mixed messages
(DBN)

Puerto Rico bankruptcies drop 26% in November
(DBN)

Nearing the end of the year, Buffalo bankruptcy filings are on the decline
(DBN)

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Committees:

Creditors Committees’ Members May Not Be Sued Absent Bankruptcy Court’s Permission
(DBN)

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Notice:

Serving a Complaint on a Bank by Ordinary Mail Is a Nullity
(DBN)

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Cross-Border:

Modification of Chapter 15 Recognition Order Warranted to Avoid Prejudice to U.S. Creditors
(DBN)

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Automatic Stay:

Delaware Bankruptcy Court Clarifies Burden of Proof for Automatic Stay Relief
(DBN)

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Avoidance Actions:

Court Adopts Majority View in Sanctioning Bankruptcy Trustee’s Use of Tax Code Look-Back Period in Avoidance Actions
(DBN)

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Interest:

Split Ninth Circuit Requires Default Interest to Cure Default
(DBN)

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Trustees:

Something Smells Fishy and it Isn’t the Fish: Chapter 11 Trustee Appointed by Southern District of New York Bankruptcy Court in Case Involving Anchovy Fisheries
(DBN)

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Insurance:

Small Insurers' Big Collapse Reflects Deep Industry Woes
(DBN)

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Celebs:

50 Cent 'to get $14.5 million in settlement deal with attorneys he'd accused of malpractice 50 Cent celebrates his $14 million lawsuit win, but all of the money is going towards his bankruptcy
(DBN)

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Religion:

46 claims filed in 2 months to priest abuse victims program
(DBN)

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UK:

BHS enters liquidation after 88 years BHS administrators disagree over 35m owed to Sir Philip Green Row breaks out over BHS administration fees BHS administrator's £4m demand rejected by Pension Protection Fund
(DBN)

Thousand debt-ridden Scots go bust despite 'protection'
(DBN)

Article 50: Who Are the Supreme Court Judges Who Will Rule on Brexit? U.K. Supreme Court Brexit Hearing Moves EU Exit Decision Closer
(DBN)

RBS settles with shareholder groups for $1.02 bln
(DBN)

An Oxford graduate is suing the university after not getting a first-class degree
(DBN)

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EU:

How Italy’s referendum could spark a ‘systemic crisis’ in the eurozone What the defeat of Italy's Renzi means for the EU The euro is quickly recovering from the Italian referendum result
(DBN)

The weakest bank in Europe just got weaker
(DBN)

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PIIGS:

Stefanel to pick new investor by year-end to avert bankruptcy - sources
(DBN)

Europe holds its breath as Italy votes in critical referendum What to know now that Italy has voted ‘no,’ with Renzi set to quit This is what Italians rejected in Sunday's crucial referendum Italian prime minister to resign Monday after bruising referendum defeat Markets rise after Italians firmly reject Matteo Renzi's reform in referendum Renzi Resignation Means More Trouble For European Banks Prepare for 'enhanced volatility' in Italian banks What Italy’s Referendum Means for Monte Paschi Monte Paschi Raises $1.1 Billion Through Debt-to-Equity Swap
(DBN)

Greece and Its Creditors Get Back on a Collision Course Amazingly, Yes, Still The Greek Debt Problem - Germany Says No Relief, IMF Insists Upon It Authorities to get all data on assets abroad EU's Moscovici says creditors should take account of Greek reforms
(DBN)

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Brazil:

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

Brazil's Oi signals outright debt-to-equity swap to creditors -sources
(DBN)

In Brazil, State Debt Is a Ticking Time Bomb
(DBN)

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Singapore:

Viewing the Hanjin collapse in Singapore with a different lens
(DBN)

Singapore’s proposed debt restructuring law reforms give hope to struggling offshore firms
(DBN)

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Venezuela:

Venezuela's Largest Banknote now worth 2 US Cents
(DBN)

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MENA:

Saudi Woman Goes Out In Public Without Islamic Veil . . . Critics Demands Her Execution
(DBN)

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India:

I spent 98 minutes in an ATM queue in India. This is what I saw
(DBN)

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China:

New Chinese covenants put old bondholders at disadvantage
(DBN)

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