July 18, 2016

The Daily Bankruptcy News

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Law:

New York To $180K: What It Means For Partners And Firms
(DBN)

Former Nixon Peabody associate is awarded $266K in suit claiming bonus underpayment
(DBN)

Biglaw Firm Finally Raises Salaries, But Will Make Associates Wait Until Fall To See More Cash
(DBN)

‘No Raises, But Here’s A Made-Up Award For Your Trouble!’
(DBN)

The GC Compensation Survey: The Top 100
(DBN)

Firms Offer Cash to Help New Lawyers Pay Student Debt In a BigLaw first, Orrick will pay new associates an extra $100 a month toward student loans In Latest Pitch to Indebted Associates, Orrick Promises Direct Help on Loans Law Firms Offer Cash to Help New Lawyers Pay Student Loans—Like 'Sushi In The Workplace Cafeteria'?
(DBN)

Looking Closely At GC Compensation
(DBN)

Bernstein-Burkley Welcomes New Bankruptcy and Restructuring Attorney
(DBN)

Three Big Atlanta Firms Score High in Women in Law Ranking
(DBN)

Albany Is 16th Law School To Offer 2-Year J.D., But First To Charge Only 2 Years Of Tuition
(DBN)

The Reasons Why Law School Graduates Are Really, Really Worried About Failing The Bar Exam
(DBN)

Top Goldman Lawyer Helped Turn Around a Struggling Law Firm
(DBN)

A top rainmaker will become Cravath’s first female presiding partner
(DBN)

Dewey Exec, DA Fight Over Shape Of Coming Retrial
(DBN)

Which law firms offer the best quality of life? Associate surveys determine this ranking
(DBN)

The Evolving Post-Discovery Litigation Business
(DBN)

8 ways to get people to take you more seriously
(DBN)

20 cognitive biases that screw up your decisions
(DBN)

Lawyers More Prestigious Than Priests
(DBN)

Law professor fought ex-wife in the courts until murderous end Lawyer Denies Adelson Family's Involvement In Dan Markel's Murder, Fingers Florida State Law Students As Possible Suspects
(DBN)

Gibson Dunn Team Booted from Tilton Case in Second Circuit
(DBN)

Follow This Golden Rule Of Communication
(DBN)

Several Officers Shot in Baton Rouge 3 officers killed, 4 others injured in 'ambush' in Baton Rouge Baton Rouge shooter encouraged black Americans to 'fight back' before they went 'extinct' Baton Rogue Shooter: Marine With an Online Alias Suspected Baton Rouge shooter hinted at defense of 'justice' Latest Gunman's Videos Show Anger at Police
(DBN)

Cleveland Police Union President Demands Suspension of Open Carry Laws at RNC
(DBN)

Pokémon players shot at Hundreds of people mobbed Central Park to catch a Vaporeon in 'Pokémon GO' 12 Signs You’re Playing Too Much ‘Pokémon Go’
(DBN)

Tom Brady Accepts His 4 Game Suspension Roger Goodell, Paul Weiss Slammed By Boston Lawyer Over Brady Proceedings
(DBN)

Lawyer who stole brother’s identity to get into law school disbarred
(DBN)

Minnesota woman charged with holding a Chinese nanny in a state of 'slavery'
(DBN)

Linklaters partner guilty of punching another partner in the face three times
(DBN)

Celebrity Divorces Can Get Really Ugly, Really Fast
(DBN)

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Judges:

Justice Thomas left Nice shortly before attack
(DBN)

Attack in France Raises Security Concerns for Justices
(DBN)

Justice Ginsburg’s damage to the Supreme Court
(DBN)

The Ginsburg Controversy: It Is Time To Impose A Code Of Ethics On Our Highest Court
(DBN)

Judges' Netflix addiction causes wifi chaos
(DBN)

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Wall Street:

Dow on track for fresh record high, as earnings season roars on
(DBN)

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Layoffs:

These Are the Jobs Least Likely to Go to Robots The Jobs That AI Will Eliminate First
(DBN)

Georgia Power announces 570 layoffs
(DBN)

DCS Facility Services laying of all staff, 385 jobs
(DBN)

McLaren lays off 80 as food service operations outsourced
(DBN)

Grand Haven company announces bankruptcy, plans to lay off nearly 300 people
(DBN)

Lockheed Martin will lay off 69 workers at 2 plants in Upstate NY
(DBN)

Second round of 2016 Volvo layoffs to impact about 300
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Religion:

Threat halted release of priests' files in abuse cases
(DBN)

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Retailing:

Sports Authority's two-month liquidation process ends Sports Authority Liquidation To Continue
(DBN)

Sports Authority Gets Ch. 11 Approval For IP, Lease Sales
(DBN)

Draw Another Circle Gets Quick OK For Stalking Horse
(DBN)

Blog Post: PacSun Says Workers 'Desperately' Need Rep For Wage Claims
(DBN)

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Mining:

Dayton shows Essar the door, but the mining company isn't dead yet
(DBN)

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Amusement Parks:

Bankrupt Conneaut Lake Park starting to make money
(DBN)

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Student Debt:

Jesus forgives all – except for student debt
(DBN)

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Paper:

Mill owner Verso emerges from bankruptcy
(DBN)

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Non-Profits:

Suit Claims ‘Looting’ of Donations at Defunct Design Charity
(DBN)

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Fraud:

Herbalife to Pay $200 Million Over Claims of Misrepresentation
(DBN)

Flood fraud case against Humphreys -- not his firm -- remanded back to Kanawha County
(DBN)

The Fake Factory That Pumped Out Real Money
(DBN)

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Distressed Investing:

Oaktree on 'bonfire of distress'
(DBN)

US High Yield Bond Funds See Massive $4.35B Cash Inflow
(DBN)

After Month of Withdrawals, US Leveraged Loan Funds See Cash Inflow
(DBN)

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Coal:

Wyoming: Federal coal bond finding erroneous, political
(DBN)

After court approval, question linger on Alpha's future
(DBN)

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Economy:

US Economy Looks Resilient
(DBN)

Preliminary Consumer Sentiment at 89.5 in July
(DBN)

Key Measures Show Inflation close to 2% in June
(DBN)

Fed: Industrial Production increased 0.6% in June
(DBN)

US spending on prisons and jails grew three times as fast as spending on education in the last 3 decades
(DBN)

Retail Sales increased 0.6% in June
(DBN)

Corporate Profits Set to Shrink for Fourth Consecutive Quarter
(DBN)

White House Cuts Economic Growth Forecasts
(DBN)

STRATFOR made disconcerting predictions for the third-quarter of 2016
(DBN)

The Lure Of Helicopter Money
(DBN)

The Top 10 Most Successful American Companies
(DBN)

How attempts to fix the global economy have ignited unrest
(DBN)

US Debt Clock
(DBN

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Court invalidates common mortgage provision
(DBN)

Mortgage lending on track for best year since 2013
(DBN)

As Rates Sink, Housing Bubbles Rise
(DBN)

Building Permit Delays Choke U.S. Housing Supply, Study Shows
(DBN)

Buying a house is about to be a lot more affordable
(DBN)

American homeowners are having a 'sustained run of cheap borrowing'
(DBN)

HV Mall foreclosure
(DBN)

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Municipalities:

Marco Rubio Named to Puerto Rico Debt Crisis Task Force
(DBN)

Leaders appoint allies, adversaries to Puerto Rico growth task force Ryan appoints GOP members to Puerto Rico task force
(DBN)

Puerto Rico’s Flag Is Black and in ‘Mourning’ Over US-Imposed Oversight Board
(DBN)

Puerto Rico's debt issue is more than an economic crisis
(DBN)

Detroit Firefighters Get 4 Percent Raise, After 20 Percent Cut During Bankruptcy
(DBN)

Former Flint EM ripped ex-mayor, council in report to state
(DBN)

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Oil/Gas:

Several energy companies work toward emerging from bankruptcy
(DBN)

Oil Prices Steady but Products Glut Looms
(DBN)

Faltering oil recovery prompts warnings of a relapse to $40
(DBN)

Oil Producers Prepare for Second-Half Slump as Rally Sputters
(DBN)

Rig count continues slow climb US rig count up 7 this week to 447
(DBN)

Bankruptcy Judge Says SandRidge Creditors Can Vote on Debt-Swap Plan
(DBN)

Banks get relief for their big oil headache
(DBN)

Why Oil Prices May Never Recover
(DBN)

Independent US oil producers seek limit on crude imports
(DBN)

Oil Is Facing The Perfect Storm
(DBN)

First Oil and Gas accounts reveal slump into the red
(DBN)

2067: The end of the oil age
(DBN)

Traders hoarding most oil since 2009 amass North Sea fleet
(DBN)

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Politics:

59% of All Americans Are Sick and Tired of This Election
(DBN)

'Donald Trump was part of the problem': Cleveland's subprime lesson for Republicans Donald Trump portrays his comeback from near bankruptcy as proof of his business acumen — but bankers who worked on the negotiations have a different recollection Art of the spin: Trump bankers question his portrayal of financial comeback Frustrated homeowners look to Trump for leadership Pence as VP Might Work to Curb Financial Bailouts: BI Trump Forces Must Pick Insularity or Outreach Trump’s Creativity With the Truth The Trump Before Trump Trump Camp Saw $2.2 Million From Fund That Raised $25 Million in Same Quarter If Donald Trump Was President - The world v the Donald Behind The Scenes Drama as Donald Trump Picks Mike Pence Donald Trump: the making of a narcissist Divided Republicans Ponder the After-Trump Class action claims Trump supporters were hurt by protesters because of city’s actions For "blue-collar billionaire" Donald Trump, money's an asset Trump's 'Art of the Deal' Ghostwriter Tells All
(DBN)

Clinton Leads Trump Despite Email Report, Poll Finds Democrats struggle for unity as protesters swarm Netroots convention Clinton will push constitutional amendment to ‘overturn Citizens United’
(DBN)

Looking Back at the Republican Veep Candidate’s Short-Lived Legal Career Trump VP Pick Raises Legal Questions for Some Wall Street Donors Donald Trump Briefly Paused Talking About Himself to Introduce Running Mate Mike Pence Mike Pence’s Pay-to-Play Problem
(DBN)

Debt-ridden Christie campaign gets vendors to take less
(DBN)

Newt Gingrich Won’t Let The Constitution Stand In The Way Of His Grand Plan To Deal With Muslim Americans
(DBN)

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Autos:

General Motors escapes some claims from 2014 recalls Court ruling opens GM to billions in death, injury claims
(DBN)

GM Reversals Hinged on Safety, Definition of ‘Claim'
(DBN)

Court Rules Tort Claims Can Proceed in G.M. Ignition Switch Case
(DBN)

General Motors' Ignition Switch Debacle Isn't Over Yet
(DBN)

Court Tosses Claims on Lost GM Car Values
(DBN)

VW Promises U.S. Dealers Restitution for Tainted Diesels
(DBN)

EU Commission Long Knew of Diesel Cheating
(DBN)

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Banking:

For U.S. Bancorp and a Philadelphia businessman, a bankruptcy case that will not die
(DBN)

Bank of America’s Results Slide
(DBN)

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Ports:

Port trucking company agrees to $5M settling wage suit involving drivers
(DBN)

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Architecture:

Baltimore architecture firm DDG files Chapter 11 bankruptcy petition
(DBN)

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Food/Beverages:

Johnny Carino's owner files for bankruptcy
(DBN)

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Directories:

Yellow-Pages Publisher Dex Media Wins Court Approval for Restructuring Dex Media’s Prepackaged Plan of Reorganization Confirmed
(DBN)

Dex Media Offloads $1.8B Debt With Ch. 11 Plan Confirmation
(DBN)

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Convenience Stores:

Midnight at the Oasis
(DBN)

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Shipping:

You have to take the rough with the smooth on shipping loans
(DBN)

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New Bankruptcy Opinions
(4 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 (56 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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Intercreditor:

Resolution of Intercreditor Dispute in Favor of ABL Lenders in the RadioShack Bankruptcy Case
(DBN)

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Chapter 12:

Court Declines to Convert a Chapter 12 Case to a Chapter 11 Case
(DBN)

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Avoidance Actions:

The Customer Finally Pays, But the Bankruptcy Trustee Demands the Payment Be Returned; What to do When Faced with a Preference Action
(DBN)

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Exemptions:

Wyly's Private Annuities Not Exempt Under Texas Exemption Law Says Bankruptcy Court
(DBN)

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Automatic Stay:

Improperly Taking $297.72 Results in $250,000 in Punitive Damages for Stay Violation
(DBN)

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Jurisdiction:

Ninth Circuit to Rehear Case Denigrating the Status of Bankruptcy Appellate Panels
(DBN)

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Bankruptcy Reform:

Adapting to BAPCPA
(DBN)

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Mass Torts:

Plaintiffs in Kerr-McGee settlement say payments are taking too long
(DBN)

Destroyed Evidence a Factor in Asbestos Defense Win
(DBN)

Litigation funder facing SEC fraud claims made bad bets on mass torts
(DBN)

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Alternative Energy:

Renewable energy investment falls by almost quarter in first half
(DBN)

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Healthcare:

Pernix in talks with creditors about debt restructuring -sources
(DBN)

4% of All Patients Use 25% of All Medicare
(DBN)

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Corporate Governance:

Chart: How Obscene CEO Pay Has Become
(DBN)

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Pensions:

How to Save Public Pensions, No Federal Bailout Needed
(DBN)

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Defaults:

Moody's Default Rate Predictions by Industry for U.S. and Europe
(DBN)

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Banking:

How to Catch a Falling Giant: FIBA Moves Closer to Realization
(DBN)

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Corporate Reform:

HSBC: The Bank Too Big to Jail
(DBN)

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Celebs

Celebrity Big Brother offers David Cassidy £100k to be 'human grenade' after fiery This Morning interview
(DBN)

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Tech:

Kodak’s Downfall Wasn’t About Technology
(DBN)

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UK:

Linklaters writes to Olswang over “missing” BHS sale proceeds
(DBN)

The chief economist of the Bank of England said too few people are benefiting from the economic recovery
(DBN)

BOE's Weale Says Firmer Evidence Needed for August Rate Cut
(DBN)

Brexit’s Toll on the Business of Law
(DBN)

A Tale of Two Brexits at Four of London’s Biggest Law Firms
(DBN)

Wirral near the top of the table for personal insolvencies Sefton has one of the highest insolvency rates in the North West
(DBN)

The Bond Market Still Thinks Brexit Is Bad
(DBN)

Tata suitor Liberty House eyes North American steel targets
(DBN)

Pensions stretched to breaking point after Brexit vote
(DBN)

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PIIGS:

If You Thought Brexit Was Bad Wait Until The Italian Banks All Go Bust
(DBN)

'No meaningful cooperation' by developer Dunne in bankruptcy case
(DBN)

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EU:

Italy isn't the only European country with 'a systemic banking crisis'
(DBN)

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Bahamas:

Opposition Leader says Central Bank report on Baha Mar nothing new
(DBN)

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Finland:

Bankruptcies down for third consecutive year
(DBN)

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Australia:

Bob Jane is broke ... flat out broke.
(DBN)

Diamond Joe Gutnick's trail of debt leads to convicted US fraudster
(DBN)

Can a bankrupt maintain legal action on a TPD claim?
(DBN)

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Brazil:

In Brazil, Another Shipyard Goes Bust as Work Returns to Asia
(DBN)

Swapping an axe for a scalpel
(DBN)

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Thailand:

Amendments To Bankruptcy Act Provide Greater Protection For SMEs
(DBN)

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France:

CoiffeurGate: Hollande’s Hair Costs Leaves Many French In Shock
(DBN)

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