June 14, 2016

The Daily Bankruptcy News

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Law:

Amid the Cork-Popping, A Sobering Look at the Associate Pay Bump $2,000 An Hour Lawyers: That’s One Way To Fund Salary Increases Will Associate Salary Bump Widen the Gulf Between Have and Have-Nots? No, Your Office Doesn’t Deserve The ‘NY To 180’ Raise Dear Biglaw Firms, Please Don’t Raise Salaries Ride ‘Em, Cowboy! Top Texas Trial Firm Lassos Salary Raises For Associates Monday Night Money Party: Another Firm Announces Salary Hikes How You Like Them Apples? The First Boston Firm Decides To Raise Associate Salaries Biglaw Firm Raises Salaries, But $$$ Amount Remains Unclear Back Of The Pack No More: Biglaw Firm Increases Associate Salaries Salary Wars Scorecard: Which Firms Have Announced Raises? Leading Los Angeles Law Firm FINALLY Shows Associates The Money! Silicon Valley Giant Finally Moves On Associate Pay Top California Law Firm Announces Salary Raises Biglaw Firm Plays Ball On Associate Salaries Peer Pressure Causes Another Firm To Increase Associate Compensation Biglaw Firm Raises Salaries, But Doesn’t Quite Match Market
(DBN)

Coming and Going Concerns
(DBN)

Dorsey Adds Reorganization and Restructuring Veteran in New York
(DBN)

The Tragedy In Orlando: The Legal Community Responds
(DBN)

Duane Morris Attorney Gets Letter From Bar Committee for Bungled Bankruptcy Order
(DBN)

An In-House Lawyer Who’s Under Pressure And In The Spotlight
(DBN)

Do Robots Make Better Lawyers? A Conversation About Law And Artificial Intelligence
(DBN)

Admitting That You’ve Done The Very Best You Can Do
(DBN)

Big Law Gains a Newly Elected Female Law Firm Chair
(DBN)

Why so many successful people are so unhappy
(DBN)

3 ways to cancel plans last minute in the most professional way possible
(DBN)

Appeals court rejects $1.8M award to Jesse Ventura in 'American Sniper' case
(DBN)

Fast Times At Fake Law School
(DBN)

Why the nightclub shooter was able to buy guns despite two FBI probes of possible terrorist links Orlando shooter’s father: God will punish gays Suspect's Father Expresses Regret and Confusion in Facebook Video Gunman Omar Mateen Described as Belligerent, Racist and 'Toxic' Co-Worker: Mateen was Homophobic, Unhinged Mateen Once Had Gay Friends Nightclub Killer Made Threats in the Past Reports: Ex-Wife and Classmate Say Orlando Killer Was Gay Orlando gunman drank at Pulse nightclub dozens of times before shooting? Orlando shooter was reportedly a regular at the gay nightclub he attacked — and used gay dating apps
(DBN)

It's Time to Repeal the Second Amendment
(DBN)

Egg Man cracks up the room, but State Bar not happy
(DBN)

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Judges:

BK ND CA: Judge Lafferty Wants Feedback
(DBN)

Judge who survived courthouse shooting now educates others about domestic-violence case risks
(DBN)

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Wall Street:

U.S. stock futures fall with Fed meeting, Brexit concerns in the spotlight
(DBN)

US Stocks Close Slightly Lower
(DBN)

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Layoffs:

O&G company Kimray announces another round of layoffs
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Coal:

Retired miners object to Peabody bonuses
(DBN)

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Retailing:

Why traditional retailers are doomed
(DBN)

Hastings Entertainment files for bankruptcy
(DBN)

Sports Authority: What went wrong?
(DBN)

Aeropostale worker talks about the company's demise
(DBN)

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Pharma:

Valeant: The News Of Its Imminent Bankruptcy Is Greatly Exaggerated
(DBN)

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Education:

An embattled for-profit education company partly owned by Goldman Sachs keeps downsizing Brown Mackie Will Close Most of Its Colleges
(DBN)

Charter school in central Idaho faces money woes
(DBN)

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Politics:

The case for, and the case against, Elizabeth Warren as Clinton’s VP pick
(DBN)

Trump asserts thousands of people in US 'sick with hate' Trump releases statement on Orlando attack: Obama 'should step down' The similar theme in Donald Trump’s reaction to terror attacks Donald Trump just made some of the most pro-LGBT remarks we've seen from a Republican candidate Lawsuit: Trump Destroyed Email Evidence a Decade Ago Trump's Bluster About Radical Islam Helps Radical Islam Trump Vows to Ban Immigration From Basically Everywhere Trump Fact Check: There is "no system to vet" refugees from the Middle East Donald Trump Went Off-Script to Lie About Where the Orlando Shooter Was Born Donald Trump Revokes Washington Post’s Press Credentials A Running List of the Publications and Reporters Who Have Had Their Credentials Revoked By Donald Trump FactCheck: Trump's New Security Speech Is Donald Trump an Actual Fascist?
(DBN)

Hillary Clinton Bets the Political System Works
(DBN)

Donald Trump and Hillary Clinton just laid out 2 radically different visions for America
(DBN)

GOP Struggle: Resist Trump or Capitulate
(DBN)

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Economy:

US small business confidence rises modestly amid sales worries
(DBN)

What Consumers Owe Uncle Sam
(DBN)

As the Fed meets, pro-Brexit sentiment stirs up markets Morgan Stanley: Brexit would devastate the markets in just 6 months
(DBN)

Charitable giving hits record $373 billion
(DBN)

Why All Those Big Mergers Are Now Failing
(DBN)

Study: Illegal Immigrants Pay Billions in Taxes
(DBN)

Chart: The Decline of Summer Jobs
(DBN)

Basic Income: Sell Out of the American Dream
(DBN)

Higher Minimum Wage Won't Hurt Anything
(DBN)

US Debt Clock
(DBN

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

A Galo Properties partnership files for bankruptcy protection
(DBN)

How much you have to save per day to put a down payment on a house in 15 major US cities
(DBN)

Fla. App. Court (5th DCA) Holds Borrower’s Surrender in Bankruptcy Resolves Contested Foreclosure
(DBN)

SD Fla. Bankr. Rejects Mortgagee’s Attempt to Use Borrower’s Surrender in BK to Resolve Contested Foreclosure
(DBN)

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Municipalities:

Puerto Rico's debt woes left to Congress High court rules against Puerto Rico in debt case Supreme Court To Puerto Rico: You're Screwed Supreme Court bars Puerto Rico from adopting its own bankruptcy measures Puerto Rico GO debt up after U.S. top court rejects local bankruptcy law Supreme Court decision leaves restructuring of Puerto Rico's debt to Congress Puerto Rico faces default after US Supreme Court ruling The Supreme Court Is Right About Puerto Rico's Bankruptcy - Congress Was Wrong Originally Supreme Court Ruling on Puerto Rico Debt Seen Positive for Investors Puerto Rico Loss Is Bondholders’ Gain With Congress’s Path Clear
(DBN)

The Opinion
(DBN)

The Demise of the Recovery Act Further Thoughts on Puerto Rico v. Franklin California Tax-Free Trust
(DBN)

Sanders offers alternative Puerto Rico bill
(DBN)

House passes PROMESA bill to aid resolution of Puerto Rico debt crisis
(DBN)

Puerto Rico Utility Said to Offer Plan to Avert July Default
(DBN)

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Oil/Gas:

Trial Begins in Sabine Oil and Gas Bankruptcy Case - Week-long trial to focus on restructuring plan that has sparked stiff resistance from its creditors
(DBN)

Is oil’s bull market already reaching its end? Crude falls as drillers mover to resume production Oil producers boost rig count for 2nd week Despite Robust Demand Is Oil Set To Fall Once Again?
(DBN)

Is $100 oil on the horizon?
(DBN)

Oil markets moving close to balance, with stockpiles smaller than seen: IEA
(DBN)

Will rising oil prices eventually hurt producers?
(DBN)

Morgan Stanley: Here's how we see oil playing out this year
(DBN)

OPEC sees crude glut easing in second half of 2016 IEA says supply glut will remain until 2021
(DBN)

Is Breitburn's Debt Worth Anything?
(DBN)

FTI Works Hercules' Return to Bankruptcy
(DBN)

Noranda to sell upstream business through bankruptcy court
(DBN)

Energy XXI Bondholders Fight Shareholders
(DBN)

Value of Norway’s Oil and Gas Fields Drops by $50 Billion
(DBN)

How shale oil ignited economic change
(DBN)

60,000 Jobs Lost In Angola Due To Oil Slump
(DBN)

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Alternative Energy:

SunEdison Receives Final Bankruptcy Court Approval of DIP Financing
(DBN)

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Coal:

Biggest US coal company funded dozens of groups questioning climate change Coal Company Paying Obama Mentor $435,000 to Fight Climate Plan
(DBN)

Why U.S. Coal Production Collapsed To Lowest Level Since 1981
(DBN)

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Gambling:

Caesars's summer is no vacation as threats brew in three courts
(DBN)

Caesars lawyer asks bankruptcy judge to let team 'finish the job'
(DBN)

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Steel:

Columbus Castings sale is off, creditors say
(DBN)

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Ethanol:

Abengoa Lines Up Buyers for U.S. Ethanol Plants
(DBN)

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Celebs:

Joe Giudice Doing Hard Time In Prison: Teresa Giudice’s Husband Struggling?
(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 (15 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (36 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 Remoteness:

Bankruptcy Judge Refuses to Enforce Company’s Waiver of Right to Seek Bankruptcy Relief
(DBN)

All That Glitters: Golden Share Can’t Dismiss Bankruptcy
(DBN)

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CBAs:

Another Trump Victory (Sort Of)
(DBN)

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Corporate Governance:

Ex-execs with legal fees can’t go to front of creditor line, Delaware high court says
(DBN)

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Contingent Claims:

One Bite at the Apple: Section 502(e)(1)(B) and the Disallowance of Redundant, Contingent Claims
(DBN)

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Successor Liability:

Exploring the Large Role of Successor Liability in Bankruptcy Cases
(DBN)

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Settlement:

Third Circuit Adopts Nuanced View of “Equal Treatment” in Context of Pre-Plan Settlement Offers
(DBN)

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Jewelry:

Signet Jewelers faces negative reports Signet Confronts Diamond Debacle
(DBN)

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Media:

Gawker Media Asks For Approval Of Bankruptcy Loan From Cerberus
(DBN)

After filing for bankruptcy, Gawker loses a high-profile writer. Expect more to follow
(DBN)

Gawker’s Collateral Damage
(DBN)

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Telecoms:

What Went Wrong: Florida’s Rural Broadband Network Declares Bankruptcy
(DBN)

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Healthcare:

Troubled home health care provider Nightingale to sell itself
(DBN)

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Fraud:

Congress Doesn’t Understand Why SEC Is Being Such A Killjoy About This Whole Insider Trading Thing
(DBN)

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UK:

Dominic Chappell, £1 buyer of BHS, was trying to buy Austin Reed just before BHS imploded
(DBN)

'Not correct:' Now Goldman Sachs is attacking the evidence of £1 BHS buyer Dominic Chappell
(DBN)

The man who bought BHS for £1 got £2.6 million out of it before it collapsed
(DBN)

Green offered assurances on BHS pension in 2012
(DBN)

BHS Owners Discussed £250000 CVA Bonus
(DBN)

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EU:

Yield on Germany's 10-year bund turns negative for first time
(DBN)

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PIIGS:

Greece central bank chief calls for bailout overhaul
(DBN)

Italy’s Bad-Loan Reforms Will Hasten Recoveries, Moody’s Says
(DBN)

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Canada:

IMF Warns Canada Recovery Faces Commodity and Housing Risks
(DBN)

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Peru:

Abengoa Peru files for bankruptcy
(DBN)

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South Korea:

Top financial regulator to closely monitor shipbuilders' restructuring
(DBN)

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India:

Rolta’s Bonds Slump Most in Two Weeks as Grace Period Nears End
(DBN)

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Australia:

Australian magnate Palmer sues Queensland Nickel administrator
(DBN)

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