January 6, 2016

The Daily Bankruptcy News

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Law:

Associate Bonus Watch: A Not-So-Happy New Year?
(DBN)

Associate Bonus Watch: ‘Substantially Below-Market’ Bonuses At An Am Law 200 Firm
(DBN)

Akin Gump Names New Restructuring Partner In NY
(DBN)

Partner Absolutely Kills It At Holiday Party
(DBN)

Bankruptcy Litigators Join Binder & Schwartz
(DBN)

Another Litigation Partner Leaves Dickstein Shapiro in New York
(DBN)

Report: M&A Deals Surged in 2015
(DBN)

Big Law Gains Another Female Leader
(DBN)

DLA Piper International revenue down 3 per cent in 2014/15
(DBN)

Legal Services Providers Will 'Innovate or Die'
(DBN)

Ezra Brutkus Gubner LLP Adopts New Name
(DBN)

Jobless lawyer is in group hard hit by recession: women over 50
(DBN)

Two law schools are added to list of universities getting greater federal scrutiny
(DBN)

Better-Looking Female Students Get Better Grades; For Male Students, Looks Don’t Matter
(DBN)

Women and trainees the majority of callers to lawyer support hotline
(DBN)

Harvard Law School Through the Back Door?
(DBN)

Fall 2016 Law School Applicants Up 0.7%
(DBN)

Impact of automation on legal jobs market overestimated, says study
(DBN)

30 Under 30: The Top Young Lawyers And Policymakers (2016)
(DBN)

5 Signs You’re Not Ready To Open A Solo Practice
(DBN)

Beyond Biglaw: The Litigation Audit
(DBN)

Getting Out
(DBN)

8 New Year's style resolutions every guy should make
(DBN)

Armed Oregon Protesters Urged to Leave Authorities plan to cut off power to militia at occupied Oregon refuge Why the Feds Have Not Ended the Oregon Militia Standoff Oregon armed protesters: 'We're in it for the long haul' Megyn Kelly slaps down Ammon Bundy’s ‘gotcha’ question The Oregon standoff is far bigger than a group of armed men in a refuge Could the Oregon Militia Standoff Turn Violent? The Bundys, the family behind the Oregon militia standoff, explained Supreme Court turned down arson case at center of Oregon standoff The armed 'militia' members occupying an Oregon wildlife refuge are digging in
(DBN)

Now Obama: Gun deaths are not 'the price of freedom'
(DBN)

'Making a Murderer' prosecutor admits 2 crucial mistakes in the case against Steven Avery 'Making a Murderer' prosecutor offers new evidence he says proves Steven Avery is guilty The 'Making a Murderer' filmmakers just revealed major news that could help Steven Avery Everything you could want to know about 'Making a Murderer' Overnight Fame for Lawyers in Netflix Smash Docudrama
(DBN)

Top Chicago lawyer resigns after judge rules he hid evidence in fatal police shooting
(DBN)

A law professor tricked his students into lying, which shows why you should never talk to police
(DBN)

Florida Coastal Law Grad Looks For Love On ‘The Bachelor’
(DBN)

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Judges:

Journalist sues for emails between solicitors general and Supreme Court justices
(DBN)

Judge who challenged public defender to fistfight seeks rehearing over his removal from bench
(DBN)

SCOTUS justices in ‘ticklish spot’ in recusal case
(DBN)

Federal judge sanctions lawyer for ‘litigious necromancy’ and ‘see what sticks’ approach to briefing
(DBN)

Now We’ve Seen It All: Judge Uses Song To Self-Benchslap
(DBN)

The Top Supreme Court Cases Coming Up in 2016
(DBN)

Chief Justice Calls for Change in Legal Culture
(DBN)

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Wall Street:

Dow set for triple-digit loss, shaping up for ugly day
(DBN)

Stocks close mixed; Apple falls 2.5%
(DBN)

The S&P still has further to fall: Technician
(DBN)

Citi turns 'underweight' on US stocks
(DBN)

Earnings will tell if it's correction time for stocks
(DBN)

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Layoffs:

Chapter 7 Trustee's Claim of Breach of Fiduciary Duty Based on Failure to Comply with the WARN Act Survives Motion to Dismiss
(DBN)

Barclays is set to announce investment banking job cuts
(DBN)

One of Apple's suppliers is reportedly facing layoffs because not enough people are buying the new iPhone
(DBN)

DuPont lays off 200 Experimental Station researchers
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Hedge Funds:

A hedge fund just laid out why it is closing — and it is enough to chill investors everywhere
(DBN)

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Corporate Reform:

JPMorgan fined $48 million for failures in US robo-signing settlement
(DBN)

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Retailing:

Gwinnett County sporting goods chain Titan Team Management files Chapter 11
(DBN)

The Big Reason You Once Went to the Mall Is Rapidly Disappearing
(DBN)

Credit Concerns As Retailer Reel With Debt
(DBN)

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Healthcare:

Houston hospital sold after bankruptcy proceedings
(DBN)

Efforts to Avoid Hospital Bankruptcy Filings Often Go Unrewarded
(DBN)

Debt, Bankruptcy are Rewards for Cancer Survivors Even Insured Can Face Crushing Medical Debt, Study Finds 20% with Health Insurance Can't Afford Medical Bills
(DBN)

Children’s loses more than $13M in bankruptcy
(DBN)

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Broker-Dealers:

Schorsch's RCS broker empire tries bankruptcy salvage
(DBN)

Record number of brokers barred in 2015
(DBN)

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Pharma:

MannKind Perilously Close to Bankruptcy After Sanofi Exit
(DBN)

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Celebs:

Texas tycoon Wyly faces $2 bln tax trial over offshore trusts Texas Lawyers' Testimony Slated in IRS v. Wylys Trial
(DBN)

Abby Lee Miller Bankruptcy Fraud Charges on Dance Moms
(DBN)

____________

Tech:

Golfer Greg Norman Duels Mattel for Kids’ Tablet Maker Fuhu
(DBN)

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Student Debt:

Supreme Court Expected to Take Close Look at Student Loan Debt in Bankruptcy: ‘Fresh Start’ or ‘Undue Hardship’?
(DBN)

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Economy:

Fed: Q3 Household Debt Service Ratio Very Low
(DBN)

Most Americans are just 1 payday away from trouble
(DBN)

Hint that Fed staff expects even less inflation in 2016
(DBN)

Bond Traders Skeptical on Fed Rate Path Before December Minutes
(DBN)

There's one huge indicator pointing to a recession this year
(DBN)

Closing Tax 'Loopholes' Would Choke the Middle Class
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

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Real Estate:

Office Vacancy Rate declined in Q4 to 16.3%
(DBN)

House Prices up 6.3% Year-over-year in November Regional ‘fissures’ seen as U.S. home prices climb
(DBN)

Deed-In-Lieu, or Not
(DBN)

Relying On "Peculiar Knowledge", Panel Allows Claims Against Morgan Stanley to Proceed
(DBN)

FL: Deadline set for bankruptcy auction of office building
(DBN)

LandAmerica bankruptcy comes to a close
(DBN)

The 8 best New York City neighborhoods for first-time home buyers
(DBN)

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Municipalities:

Detroit Public Schools Debt Payments Surge, Bankruptcy A Possibility For Education System
(DBN)

Congress' Puerto Rico plan 'insidious': Investor
(DBN)

Fixing Puerto Rico's Debt Mess - Bankruptcy can work, but bankruptcy laws need to be changed to ensure fair treatment of creditors
(DBN)

Riley: Puerto Rico Hedge Fund “Bailout” to Follow Rhode Island Law
(DBN)

Puerto Rico's Newest Problem: The Population Can Leave Even If The Debts Don't
(DBN)

Puerto Rico's General-Obligation Bonds Rally as Default Averted
(DBN)

Puerto Rico misses second major debt payment as economy struggles
(DBN)

Ambac pays out $10.3 million on Puerto Rico default Ambac, FGIC Covering Puerto Rico Bond Payments After Default
(DBN)

S&P lowers Puerto Rico's PRIFA to 'default' after missed payment
(DBN)

Flint, Michigan, tried to save money on water. Now its children have lead poisoning.
(DBN)

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Oil/Gas:

OIL IS CRASHING Oil falls to 11-year low, Saudi-Iran row seen making output restraint unlikely
(DBN)

Why Oil Prices Will Rebound in 2016
(DBN)

Burleson's Demise Caused by More than Drop in Price of Oil
(DBN)

E&P Chapter 11 Bankruptcies: 2015 Review And 2016 Outlook - A Preview Of The Walking Dead?
(DBN)

Oil M&A Seen Picking Up as Further Pain Forces Producers to Sell
(DBN)

Fitch: Swift’s Bankruptcy Filing Emblematic of Oil Patch Woes
(DBN)

Swift Energy gets loan approval from U.S. bankruptcy court
(DBN)

Swift Energy bankruptcy casts uncertainty on Louisiana oilfields
(DBN)

Demand for land rigs continues to scrape bottom…
(DBN)

For Oil Market, ‘Shocking’ Data from Oklahoma
(DBN)

Saudi Arabia faces 'economic bomb'
(DBN)

Another Victim of Tumbling Oil: S&P Cuts Alaska’s AAA Rating
(DBN)

Magnum Hunter: It’s Just Bankruptcy
(DBN)

9 favorite stocks for playing a 2016 oil rebound
(DBN)

____________

Politics:

New Ted Cruz ad shows a bunch of bankers storming across the Rio Grande Leading in Iowa Polls, Ted Cruz Says He’ll Campaign As the ‘Underdog’ Is Ted Cruz a Natural Born Citizen?
(DBN)

Donald Trump's new ad shows he's serious about winning Why Ads Now? Donald Trump Says He Felt Bad for Rivals Trump: Voters should be concerned about Ted Cruz's birthplace MA: Thousand Pack In to Hear Trump
(DBN)

Bill Clinton Hits the Campaign Trail for Hillary Clinton
(DBN)

Visiting New York City, Bernie Sanders Attacks Clinton, 'Greed' Of Wall Street
(DBN)

Chris Christie , rising in NH, fires at Donald Trump, Ted Cruz
(DBN)

____________

Autos:

VW seeks extra time for emissions data Tough Stance by U.S. Regulators Deepens VW's Diesel Crisis
(DBN)

Every major auto maker is reporting sales growth except for Volkswagen
(DBN)

Volkswagen's Shares Are Getting Hammered As DoJ Gets Tough
(DBN)

Volkswagen is reinventing itself
(DBN)

Self-driving cars will kill the auto industry
(DBN)

Fiat Chrysler has best December in 90 years
(DBN)

Carmakers Enter 2016 Facing Slower Growth After Record U.S. Year
(DBN)

Legendary car designer Henrik Fisker just filed a $100-million lawsuit against Aston Martin
(DBN)

____________

Mining:

Molycorp Bids Said to Top Miner's Own Price Amid Sales Feud
(DBN)

____________

Corporate Governance:

Women May Not Reach Boardroom Parity for 40 Years, GAO Says
(DBN)

____________

Taxis:

SF: Yellow Cab to file for bankruptcy
(DBN)

____________

Forest Products:

Wood products firm seeks bankruptcy protection
(DBN)

____________

Coal:

Coal Company OK'd to Nix CBAs, Retiree Benefits
(DBN)

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Opera:

New York City Opera Reorganization Plan Faces Criticism
(DBN)

____________

Shipping:

Euroseas Ltd. Scales Back Amid Falling Dry Bulk Freight Rates
(DBN)

____________

Mass Torts:

U.S. House to take up combined bill targeting class actions and asbestos litigation abuse this week
(DBN)

____________

Environmental:

Nuverra turns to Lazard for debt restructuring -sources
(DBN)

____________

Resorts:

$3.5B Baha Mar resort sits vacant after construction dispute
(DBN)

Baha Mar to be finished 'early 2016', Bahamas PM claims
(DBN)

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New Bankruptcy Opinions
(10 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (Temporarily Unavailable)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (7 new filings today)
(DBN)

Bankruptcy Code - Prior BK Codes - 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 hit a new low in Western New York
(DBN)

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Miscellaneous:

Commercial Bankruptcy: Selected 2015 Cases of Interest to Banking and Finance
(DBN)

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Rules:

10 Discovery Considerations for In-House Counsel Under the Amended Rules
(DBN)

Inside the EDI Judges' Guide to Discovery
(DBN)

No More Free Passes on Deposition Conduct
(DBN)

Five E-Discovery New Year’s Resolutions
(DBN)

___________

Avoidance Actions:

The Kentucky Uniform Voidable Transactions Act Is Now In Effect
(DBN)

Frequent and Favorite Topics: Fraudulent transfer, recharacterization and equitable subordination
(DBN)

____________

Guaranties:

Is Chapter 11 A Painless Solution For Guarantors?
(DBN)

____________

Sales:

Court Sets Aside 21-Year Old Bankruptcy Sale for Fraud on the Court Despite Absence of Specific Allegations That Fraud Reduced the Sale Price!
(DBN)

Sale of Substantially All of Debtor's Assets Cannot Be Approved in a Final Cash Collateral Order
(DBN)

____________

Interest:

Zero Times Something is Still Zero: Adapting Till to Unsecured Creditors
(DBN)

____________

Mootness:

Ninth Circuit Reverses Lower Courts, Finds Substantially Completed Plan Is Not Equitably Moot
(DBN)

____________

Plan Confirmation:

The Inconsequential Value Exception to the Section 1111(b) Election: Analyzing the When and How
(DBN)

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Involuntary Bankruptcy:

Section 303 Requirements Not Enough - Involuntary Chapter 7 Petitioner Must Also Demonstrate Good Faith in Filing
(DBN)

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Adequate Protection:

Regardless of Claim Priority, State Department of Revenue Entitled to Adequate Protection Thanks to Bulk Sales Act
(DBN)

____________

Executory Contracts:

Separate Agreements Comprising One Unitary Contract Must Be Assumed or Rejected Cum Onere
(DBN)

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Litigation:

Topping $1 Billion Mark, Big Litigation Funder Gets Bigger
(DBN)

____________

Insurance:

D&O Insurance: Subsequent Claim Interrelated With Prior Lawsuit Not Covered Under Policy in Force at Time of Later Claim
(DBN)

____________

Marijuana:

WeedHire Goes Up in Smoke
(DBN)

____________

Fish:

Bank keeping 60K fish alive at defunct upstate NY business
(DBN)

____________

UK:

Medium-sized firms most at risk of insolvency exposure
(DBN)

Rangers in court: Claims five chiefs plotted to put club into insolvency so Craig Whyte could buy it back debt-free
(DBN)

Financial management pays off as debt falls and profits soar at Simmons'
(DBN)

____________

EU:

Eurozone growth hits four-month high in December Eurozone PMIs show pickup in growth
(DBN)

ECB's Praet: Bank has no 'plan B' for stimulus
(DBN)

European Leveraged Loan Default Rate Holds at 2.1% in December
(DBN)

____________

Canada:

Disgraced Hamilton financial guru, charged in $5M scheme, in court Jan. 22
(DBN)

____________

China:

Bank Of America: China could be heading for its own credit crunch
(DBN)

This growth indicator suggests China's economy is in trouble
(DBN)

China's shipping bankruptcies likely to surge as dry-bulk rates plunge - report
(DBN)

4 reasons why China's problems could harm US
(DBN)

China shares leap, but most Asian markets fall
(DBN)

Miners drag down Britain's FTSE on mounting China concerns
(DBN)

The chill wind blowing through China's ailing coal industry
(DBN)

The `Hard-Landing School' Has It Wrong on China, Says Roach
(DBN)

____________

MENA:

Amid Tensions With Saudi Arabia, Grim News for Iran’s Economy
(DBN)

Saudi Arabia will save $7 billion a year from its unprecedented energy reforms
(DBN)

____________

India:

New bankruptcy code can help regularize vendor payments
(DBN)

Bankruptcy , insolvency related work out from law ministry domain
(DBN)

____________

South Korea:

A Korean Index Is Flashing Like The Asian Crisis Of 1997-98
(DBN)

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North Korea:

North Korea says it successfully tested a hydrogen bomb — and experts are already skeptical Here's North Korea's official hydrogen bomb statement. It's a doozy.
(DBN)

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