July 8, 2016

The Daily Bankruptcy News

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Law:

The Firms That Are Losing The Battle In Biglaw’s Salary Wars Associate salary increases may not be good business World’s Biggest Law Firm Makes A Salary Announcement
(DBN)

Law Firm Leaders Were Cautiously Optimistic… Before $180K Raises And Brexit
(DBN)

Citi Report: Firm Leaders Predict Modest Growth in Second Half
(DBN)

Law Grad Employment Rose At 158 Law Schools Over Past Five Years
(DBN)

Law Firm Leaders Confident Pricing Pressure Will Abate
(DBN)

In-House Advice: Fake It Till You Make It
(DBN)

Donald Trump's Old Playbook on How to Use Lawyers
(DBN)

Law firm mergers still going strong in the US In Merger Frenzy, Too Many Firms with Delusions of Grandeur?
(DBN)

UK firm blames Brexit as it freezes pay
(DBN)

Linklaters revenue rises 3.5% as PEP hits £1.45m
(DBN)

UVA’s First Woman Dean on Work/Life Balance in Education
(DBN)

One in three law grads haven't found professional roles, study finds
(DBN)

Pete Rose sues former Akin Gump partner for radio show comments
(DBN)

Reinventing The Law Business: A Potential Impediment To Growth, Culture, And Client Development (Part III)
(DBN)

Infographic Answers: How Much Do Lawyers Make By Practice Area?
(DBN)

Law firms are starting to use robot lawyers
(DBN)

Will DOJ Indict Panama Papers' Lead Partner?
(DBN)

How not to look like a sweaty mess in the office this summer — even when it's extremely hot out
(DBN)

I’d Rather Be A Lawyer Than An MMA Fighter
(DBN)

Disgraced Former Case Western Law School Dean Changes Name To Ezra Wasserman Mitchell: A 'Jewish Kunte Kinte'
(DBN)

DOJ asked to investigate another cop shooting of a black man; girlfriend live-streamed the aftermath How police handle concealed weapons
(DBN)

Convictions Upheld for Married Lawyers Who Demanded Payments From Wife's Sexual Partners
(DBN)

Horror In Dallas: 11 Cops Shot, At Least 5 Killed By 'Snipers' Deadliest Attacks on Police Since 1900 Four gunmen shoot 11 police officers - killing at least five - and 'leave bombs all over the place' during Dallas protests Five Police Officers Killed in Dallas as Snipers Open Fire at Protest Military experts: Dallas police attackers appeared 'tactically professional' and 'focused' Obama: This was a 'vicious, calculated and despicable attack on law enforcement' A lot of people are unhappy about The New York Post's 'Civil War' front page on the Dallas shootings
(DBN)

Law student sentenced for cutting off lawyer's p----
(DBN)

Airbnb owner plans to sue hedge funder after 1,000 party guests in 'sprayathon' allegedly trash $20 million Hamptons mansion Hedge funder is fired after massive Hamptons party that got him banned from Airbnb Moore Capital Portfolio Manager Who (Allegedly!) Trashed A Hamptons House With Midgets Not A Moore Cap PM Anymore
(DBN)

Satire Novel ‘The Curve’ Mocks The Worst Law School Ever
(DBN)

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Judges:

Inmate is accused of plotting murder of federal judge overseeing his terrorism case
(DBN)

Does Judge Merrick Garland Even Stand A Chance Of Winning A Seat On The Supreme Court?
(DBN)

Did This Candidate For Judge Get Kicked Out Of The County Fair Or Did He Just Vomit?
(DBN)

The Not-So-Liberal Roberts Court
(DBN)

Trump Threatens Republicans With Secret Knowledge About HRC’s Supreme Court Nominees
(DBN)

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Wall Street:

U.S. stock futures waver as caution creeps in ahead of jobs report
(DBN)

Wall St. Tempers Gains as Oil Prices Drop US stocks hardly budge as hiring grows, oil skids
(DBN)

Goldman: Stay away from these 17 stocks because they're about to fall off a cliff
(DBN)

Investment firm that called the 2008 crash doesn’t like most stocks or bonds
(DBN)

Wall Street’s safest bets are now in bubble territory
(DBN)

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Layoffs:

Despite warning, Murray Energy says no layoffs expected for Utah or 6 other states
(DBN)

Audio equipment manufacturer Harmon laying off over 100 employees
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Retailing:

Total Hockey files bankruptcy Total Hockey retailer files for bankruptcy, selling chain
(DBN)

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Alternative Energy:

Hedge fund makes $80 million offer for SunEdison project in California
(DBN)

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Advertising:

Seattle ad firm Creature files for bankruptcy after Time Inc. sues
(DBN)

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Auto Racing:

IndyCar to refund $925,000 for canceled Boston Grand Prix
(DBN)

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Electricity:

Texas Competitive Electric Holdings Readies $4.25B DIP Loan Refi/Bankruptcy Exit Deal
(DBN)

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Taxis:

Yellow Cab Ch. 11 Trustee Would Be A Waste, Judge
(DBN)

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Shipping:

STX Offshore & Shipbuilding Subcontractor Filed for Bankruptcy
(DBN)

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IP:

$200M Looks Too High For SNMP IP Claim, Nortel Judge Says
(DBN)

____________

Ethanol:

Repeal the Ethanol Mandate
(DBN)

____________


Economy:

US payrolls seen rebounding in June in boost to economy What to Expect From the June Jobs Report Preview of June Employment Report
(DBN)

Weekly Initial Unemployment Claims declines to 254,000
(DBN)

ADP: Private Employment increased 172,000 in June
(DBN)

Consumer Loan Delinquencies Continue to Decline
(DBN)

Obama's top economic advisor doesn't like the idea of giving people money not to work
(DBN)

Unkept Promises of America’s Economy Drive Turbulent Election
(DBN)

US Debt Clock
(DBN

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Reis: Regional Mall Vacancy Rate increased in Q2 2016, Strip Mall Vacancy Rate declined
(DBN)

Mortgage rates tumble to near-record lows as reverberations from the Brexit vote continue
(DBN)

Why Banks Aren't Giving You a 3%, 30-Year Mortgage…Yet
(DBN)

Shorewood Chapter 11 won't impact South Bay offices, owner says
(DBN)

Which presidential candidate is better for housing?
(DBN)

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Municipalities:

Puerto Rico’s Acosta to Step Down as Head of Development Bank
(DBN)

Puerto Rico : The Days After
(DBN)

Even Puerto Rico Rallies in Muni Market Wells Says Is Too Frothy
(DBN)

S&P says Puerto Rico GO debt downgraded to 'D' from 'CC'
(DBN)

Puerto Rico turmoil places Guam under watch
(DBN)

____________

Oil/Gas:

Bankruptcy and the Rejection of Pipeline Contracts
(DBN)

Oil prices slide after weekly US stockpile data disappoint Oil Tanks On ‘Disappointing’ Inventory Draw Oil Down 5% to 2-month Lows as US Crude Draw Disappoints
(DBN)

Morgan Stanley Warns on Rising Oil Rig Count
(DBN)

Taking toll of oil’s continued slump
(DBN)

Big Oil's $45 Billion of New Projects Signal Spending Revival
(DBN)

Shrinking Chinese Demand About To Slam Oil Prices
(DBN)

Oil Products Fill Storage Tanks And Cast Doubt Over Crude Demand
(DBN)

Midstates Can Poll Creditors on Bankruptcy-Exit Plan
(DBN)

New Gulf Resources emerges from bankruptcy, changes name to ETX Energy
(DBN)

The Great Crew Change: Lost generation of oil workers leaves few options for next boom
(DBN)

Survey Points To Changing Business Models For Energy Companies
(DBN)

Second Quarter Reveals More Optimism in Oil, Gas Industry Attitudes
(DBN)

Libya to Resume Oil Exports From Biggest Ports Within a Week
(DBN)

'Fallen Angel' ETFs Bet Big on Further Energy Renaissance
(DBN)

____________

Politics:

'Did Hillary Clinton lie?' House Republicans Push for New Probe Into Clinton Email Chaffetz Says He'll Ask FBI to Probe if Clinton Lied to Congress FBI: If Agents Handled Emails Like Clinton Did State Department is reopening its Hillary Clinton emails probe FBI director explains 'distinction' between Hillary Clinton and David Petraeus investigations GOP Rep. Trey Gowdy reads list of Clinton statements to FBI director, who says they were all false Fact Check: Clinton's Speech On Trump And Atlantic City, Annotated
(DBN)

Donald Trump entertains idea he might not actually serve as president if he wins election Donald Trump just had one of his wackiest nights of campaigning in a long time GOP Senator Jeff Flake dramatically confronts Donald Trump in tense Capitol Hill meeting Trump Fact Check: "Taxpayers are paying a fortune for the use of Air Force One on the campaign trail" by President Barack Obama and Hillary Clinton. Study: Donald Trump's proposed health plan would leave 18 million people uninsured Democratic congressman hijacks hearing to ask FBI director about Trump retweeting white supremacists Robert Reich: Trump's the Establishment Guy
(DBN)

Inside Five Student Loan Promises From Hillary Clinton
(DBN)

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Religion:

Judge to rule if clergy abuse victims can tap parishes
(DBN)

____________

Celebs:

50 Cent has to pay $23.4 million in a bankruptcy settlement, but he sounds happy about it
(DBN)

____________

Student Debt:

New Jersey: Murphy Calls for Changes to Student Loan Repayment Rules Following NYT Investigation
(DBN)

New student debt rules trigger frenzy
(DBN)

Study: ‘The Real Cost of Student Loans’
(DBN)

____________

Pharma:

KaloBios in Agreement to Buy Former CEO Shkreli’s Shares
(DBN)

____________

Fraud:

SEC Says Jailed Fund Manager Still Hiding Funds in Swiss Banks
(DBN)

____________

Media:

Gawker wins court approval to begin bankruptcy auction Hulk Hogan Drops Opposition to Gawker Bankruptcy Sale Gawker Auction Can Proceed on Extended Timeline, Judge Rules
(DBN)

____________

Coal:

Judge Approves Alpha Natural Resources’ Restructuring Plan
(DBN)

U.S. agrees to clean-up deal with bankrupt miner, hopes for payment
(DBN)

Colorado school district crisis linked to coal-firm troubles
(DBN)

____________

Autos:

VW Will Pay California $86 Million for Emissions Cheating
(DBN)

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New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (18 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (5 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:

June Chapter 11 Business Filings Since 2010
(DBN)

Commercial Bankruptcy Filings Climb 29% for the First Half of 2016
(DBN)

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Litigation:

District Court Not Bound by Unopposed Objections to Proposed Findings and Conclusions
(DBN)

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Involuntary Bankruptcy:

Marijuana Advisors Are Not Precluded from All Relief in Bankruptcy Courts
(DBN)

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Insurance:

The Swan Song of the Restitution/Disgorgement Defense to D&O Coverage
(DBN)

Excess Policies at Issue Deemed Not to Attach Absent Actual Payment of the Amount of Underlying Limits by Either the Insured or its Underlying Insurers
(DBN)

D&O Liability Exposures: Developments in the US and Globally
(DBN)

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Mediation:

The Absolute Priority Rule Torpedoes Settlements in Individual Chapter 11 Cases
(DBN)

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Property of the Estate:

Post-Petition Lawsuit Not Property of Estate
(DBN)

____________

Bankruptcy Reform:

Bankruptcy Legislation for Big Banks Gains Steam
(DBN)

____________

Metals:

Noranda Creditor Panel Seeks to Block Business Sale Outside of Plan Structure
(DBN)

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Hedge Funds:

The world's largest hedge fund is struggling
(DBN)

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Debt Collection:

Dems look to protect workers with overdue loans
(DBN)

____________

Banking:

Deutsche Bank is coming unglued
(DBN)

____________

Sovereigns:

Fitch sees tough year ahead for sovereign ratings
(DBN)

____________

UK:

Is it all doom and gloom with insolvency fees?
(DBN)

Chilcot Report: UK Oil Interests Were Lead Motive For Iraq War
(DBN)

Brexit could spark sharp rise in UK & EU insolvencies
(DBN)

Crashing consumer confidence is a horrible sign for post-Brexit Britain
(DBN)

Disunited Kingdom Disinclined to Reverse Brexit
(DBN)

____________

PIIGS:

The Brexit vote has sideswiped Italy’s banks—and is testing Europe’s new rules on tackling troubled lenders
(DBN)

With Brexit, Greeks Worry About Europe's Future And Their Place In It
(DBN)

Greece Won't Reach Budget Targets After 2018, Tsipras Says
(DBN)

Monte Paschi Working With Authorities on Solution for Bad Loans
(DBN)

Spain, Portugal Face Commission Rebuke on Budget Target Failures
(DBN)

Italy’s Desperate Banks Eurozone's next big threat: Italian banks Bank of Italy says public money needed to help banks
(DBN)

____________

Canada:

Ancaster man faces charges following bankruptcy fraud investigation
(DBN)

Creditors to own almost all of Postmedia under proposed restructuring
(DBN)

Alberta Wildfires Costliest Insured Disaster Ever in Canada
(DBN)

Canada Stocks Fall as Oil Producers Decline on U.S. Supply Data
(DBN)

____________

 

Australia:

Guvera rescue plan fails to materialize
(DBN)

S&P downgrades Australian outlook to 'negative'
(DBN)

____________

Bahamas:

US govt blasts Bar Association
(DBN)

____________

China:

China Provinces Meddle in Bank Loan Choices to Keep Firms Alive
(DBN)

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