June 16, 2016

The Daily Bankruptcy News

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Law:

A Failed Merger Might Explain Why These Firms Haven’t Announced Raises No Really, Everyone In Biglaw Is Raising Associate Salaries A Leading D.C. Law Firm Finally Announces Raises For Associates Latest Firm To Match Offers Small Bumps For Senior Associates Another Boutique Proves It Has What It Takes To Be A MoneyLaw Firm With Profits Per Partner This High, It Was Only A Matter Of Time Until Associates Got Raises After Jerking Around Associates, McDermott Raises Salaries Historic Firm Opens Up Its Wallet For Associates Cadwalader ups London NQ pay to coveted £124,000 level $180K Associates? Not at This Firm, Says Chair GCs Wary of Rate Hikes as Firms Increase Associate Pay
(DBN)

Bad Timing Alert: Layoffs Follow Raises
(DBN)

Skadden Counters Trustee's $35M Malpractice Claim
(DBN)

Sullivan & Cromwell Faces Fee Challenge in Primorsk Bankruptcy
(DBN)

AmLaw 100 firms embrace IBM’s ROSS
(DBN)

What Is It Like To Practice Biglaw In The Summer?
(DBN)

A Harvard Law Grad Loses More Than $100 Million; Will He Also Lose His Freedom?
(DBN)

Co-Chairs of McDermott to Step Down in 2017
(DBN)

DLA Piper partner fined for sexist emails
(DBN)

K&L Gates announces ‘game-changer’ program to develop income partners
(DBN)

Ex-Associate Suspended for Hacking into Law Firm's Email
(DBN)

GC on the Perils of Running a Big Bank Legal Department
(DBN)

Law Firms Across the Pond Forge Alliance
(DBN)

Law Schools: Throwback To The Days Of Junk Employment Statistics
(DBN)

Lawyer for Uber Drivers Offers to Cut Fee by $10 Million
(DBN)

Disappointing That Lawyers Not Engaging Others On Social Media
(DBN)

Lawyer who participated in sexting exchange with client is suspended
(DBN)

Clients drop firm after lawyer uses Twitter to celebrate ‘win’ against parents of disabled children
(DBN)

Lawyer is convicted in home-invasion attack on law firm managing partner and his wife
(DBN)

Harvard law grad’s suit alleges lack of bar exam accommodations devastated her BigLaw career
(DBN)

Holding Another Lawyer At Gunpoint Is Bad Form
(DBN)

Chicago police officer relieved of duties after head-stomping incident caught on video
(DBN)

A Masterful Portrayal Of A Nineteenth-Century Lawyer
(DBN)

‘The Ninja Lawyer’ Competes On American Ninja Warrior
(DBN)

Lawyer takes chicken restaurant’s trademarks in lieu of $200K in legal fees, launches a new career
(DBN)

Map: All Mass Shootings from 1982-2016
(DBN)

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Judges:

Judge Who Handcuffed Lawyer Loses Job
(DBN)

The 2016 Election's Effect On The Supreme Court
(DBN)

FBI’s first probe of nightclub shooter was spurred by his remarks while working courthouse security
(DBN)

A dysfunctional Supreme Court. Get used to it
(DBN)

What should we think about Donald Trump's thoughts about judges?
(DBN)

'Unfair' Judge in Trump University Litigation Has Issued Key Rulings Favoring Both Sides
(DBN)

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Wall Street:

 

Wall Street Loses Gains After Fed's Unsurprising June Call
(DBN)

These are the texts a Goldman Sachs banker allegedly sent to a escort he was trying to get for a client
(DBN)

Morgan Stanley: Wall Street's Real Troubles
(DBN)

U.S. stocks suffer fifth straight loss, even as Fed holds rates steady
(DBN)

For One Breed of Wall Street Bankers, Business Is Booming Again
(DBN)

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Layoffs:

Bank of America to cut up to 8,000 jobs at its retail banking arm
(DBN)

Wal-Mart to eliminate 1500 back-office jobs at US stores
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Gambling:

Caesars Wins Temporary Halt to Creditor Suits Over Debts Caesars Gets Reprieve in Battle With Bondholders
(DBN)

Why Caesars Entertainment Corp's Shares Popped 10%
(DBN)

The Deepest Money Pit Atlantic City Has Ever Seen Re-Opens This Week
(DBN)

____________

Celebs:

Michael Schumacher Latest News: Family Bankrupt Due To Medical Expenses?
(DBN)

____________

Politics:

Trump Says Obama Angrier at Trump Than Orlando Killer Trump Suggests Troops Stole Iraq Reconstruction Funds Donald Trump’s accusation that American soldiers stole money in Iraq, explained Trump Plays the Radical Islam Card Trump Versus the Press Donald Trump has the biggest, most impressive unfavorable ratings you’ve ever seen Was Trump's Charity a Political Slush Fund? Trump Offers Republicans the Kiss of Death Three Takeaways From Donald Trump’s Negative Poll Numbers Trump Hands Clinton a Key to the Millennial Vote Polls Suggest Voters Soured on Trump After Attacks on Judge Trump Goes Apocalyptic: America's 'Not Going To Continue To Survive Like This' A Peek Inside Trump's Smoke and Mirrors Tour
(DBN)

GOP's favorability rating plunges to all-time low
(DBN)

Vice President Elizabeth Warren ?
(DBN)

Sanders Meets Clinton, Still Refuses to Quit
(DBN)

____________


Economy:

Fed tells market: We're taking summer off Parsing the Fed: How the June Statement Changed from April To no one's surprise, FOMC decided to not raise interest rates in June Fed Leaves Policy Rate Unchanged, Lowers Outlook for Increases
(DBN)

Economists React to the Fed Decision: ‘Too Many Uncertainties’
(DBN)

Fed: Industrial Production decreased 0.4% in May US Industrial Output Falls, Autos Plummet
(DBN)

Yellen may soothe but not that much
(DBN)

Larry Summers: Fed Making Same Mistakes
(DBN)

US bond yields could soon go negative: Strategist Treasury yields hit 3.5-year lows as investors brace for Fed
(DBN)

U.S. Producer Prices Climbed, Stirring Inflation Hopes
(DBN)

CEOs Turn More Bullish About Business Investment
(DBN)

Investor cash levels are 'consistent with recession': BofA
(DBN)

The job market's stumble can be blamed on one thing
(DBN)

Last Bit of Data Ahead of Fed Decision Still Shows Weak Economy
(DBN)

Ten states with the fastest job growth in 2016
(DBN)

Share buybacks: What they are and why they may not work

US: Half of Workers to Busy to Take Time Off
(DBN)

US Debt Clock
(DBN

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

MBA: "Mortgage Applications Decrease in Latest MBA Weekly Survey"
(DBN)

Consumer Foreclosure: Lawyers May Need to Tread Lightly
(DBN)

America's Dying Shopping Malls Have Billions in Debt Coming Due
(DBN)

____________

Municipalities:

Puerto Rico Can’t Restructure its Debt
(DBN)

____________

Awards:

The Legal 500: Restructuring Municipal
(DBN)

____________

Oil/Gas:

Oil pares losses as U.S. crude supplies fall
(DBN)

Goldman Sachs: The oil rebound remains fragile
(DBN)

Oil Sell Off Continues Amid Economic Uncertainty Oil Dips 6th Day as Easing Disruptions Counter U.S. Supply Drop
(DBN)

Expect Much Higher Oil Prices As The Cycle Comes To An End Hedge Funds Betting On $100 Oil
(DBN)

OPEC, IEA Agree: Oil Markets to Balance Later This Year OPEC, IEA Agree: Oil Markets to Balance Later This Year
(DBN)

Oilpatch showing signs of life after string of deals
(DBN)

Why Has There Been So Little M&A Activity During The Oil Crisis
(DBN)

Shale firm's spectacular rise and fall: From penny stock to $15B valuation to bankruptcy
(DBN)

Solar To See Twice As Much Investment As Fossil Fuels By 2040
(DBN)

All New Cars To Be Emission Free In Germany By 2030
(DBN)

Venezuela’s Oil Output Drops Sharply Amid Continued Unrest
(DBN)

What Does The Coal Industry's Travails Tell Us About The Future Of The Oil Industry?
(DBN)

Asset-Based Lenders and The Big Chill: The Collapse of Energy Prices
(DBN)

Norseman Offshore withdraws bankruptcy petition against Viking
(DBN)

Underpaid Alaska contractors bear burden of Buccaneer's bankruptcy
(DBN)

Atlas Resource Partners Cuts Loan Borrowing Base, Seeks Deficiency Cure
(DBN)

Key Energy Services Plunges 48% S&P downgrades Key Energy Services to 'CC' on restructuring support agreement
(DBN)

____________

Autos:

VW Said to Weigh Asset Sales in End to Era of Empire Building
(DBN)

____________

Corporate Governance:

Another Study Shows Little Progress Getting Women on Boards
(DBN)

____________

Shipping:

Samsung Heavy Industries Lays Out Restructuring Plans
(DBN)

DSME Workers Vote for Walkout Creditors issue warning as Daewoo Shipbuilding union okays strike
(DBN)

Hyundai Heavy union on path to strike
(DBN)

____________

Pharma:

KaloBios Wins Confirmation of Bankruptcy-Exit Plan Martin Shkreli Gets Reduced Role in KaloBios
(DBN)

____________

Tax:

The Tax Consequences of John Oliver’s $15 Million Medical Debt Forgiveness
(DBN)

Employee of Panama Papers Law Firm, Mossack Fonseca, Is Arrested in Switzerland An IT worker for the law firm at the center of the 'Panama Papers' is suspected of removing a lot of data
(DBN)

____________

Education:

Federal government turns up the heat on controversial college watchdog Education Department Recommends Troubled College Accreditor’s Recognition Be Revoked
(DBN)

Discussion of the Corinthian Chapter 11 Case
(DBN)

____________

Pensions:

Who will save Central States?
(DBN)

____________

 


New Bankruptcy Opinions
(2 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 (12 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)

______________

Bankruptcy Statistics:

Distressed Debt: FTS, Seadrill, Transtar Join LCD's Restructuring Watchlist
(DBN)

______________

Bankruptcy Remoteness:

Two Recent Decisions Invalidate LLC Agreement Provisions Requiring Consent for LLC Bankruptcy Filings
(DBN)

____________

Preclusion:

Barred by Res Judicata & Judicially Estopped – Court Finds That Netflix Has No Chill
(DBN)

____________

Venue:

What Drives Bankruptcy Forum Shopping? Evidence from Market Data
(DBN)

____________

Avoidance Actions:

Seventh Circuit Broadens ‘Ordinary Course’ Defense to Benefit Suppliers
(DBN)

____________

Boating:

Ambassador Marine files for Chapter 11 bankruptcy
(DBN)

____________

Corporate Reform:

Elizabeth Warren Says She’s ‘More Disappointed Than Ever’ with SEC Chief
(DBN)

____________

Media:

Why Nick Denton Didn't Show Up to Gawker's Bankruptcy Hearing
(DBN)

Felix Salmon Dissects the Ramifications of Gawker's Bankruptcy Filing
(DBN)

Gawker, Hulk Hogan Agree to ‘Complete Standstill’ on Privacy Suit
(DBN)

Gawker CEO Says Legal War ‘Undoubtedly Depressed’ Valuation
(DBN)

____________

Healthcare:

'Medicine is for the people. It is not for profits.'
(DBN)

____________

Data Centers:

Peak Hosting Files for Bankruptcy Amid Videogame Dispute
(DBN)

____________

Coal:

Arch Coal files amended restructuring plan as creditors threaten to sue
(DBN)

____________

Sovereigns:

Fitch Ratings may reduce rating on Mozambique even further
(DBN)

____________

UK:

Brexit: All You Need to Know About UK Referendum
(DBN)

UK jobless rate dips to lowest in over a decade, wage growth picks up
(DBN)

Ex-BHS owner Sir Philip Green attacks 'envy and jealousy' but insists: 'I have done nothing wrong'
(DBN)

Tycoon Green to fix BHS pensions after admitting mistakes
(DBN)

Goldman Sachs: This is how far we expect the pound to crash after a Brexit
(DBN)

Sir Philip Green: Olswang didn’t know BHS buyer “from a hole in the wall”
(DBN)

____________

Canada:

US Steel Canada Said Draw to Final Bids From KPS, Bedrock, Essar
(DBN)

Steel mill needs break on property taxes, says court-appointed monitor
(DBN)

____________

 

Singapore:

Singapore – – Becoming the “Delaware” of the Asia Pacific Region?
(DBN)

____________

Bahamas:

Local Creditors Run Into A 'Hard Rock'
(DBN)

____________

South Korea:

Chief regulator to tighten grip on shipbuilding sector overhaul
(DBN)

____________

China:

Chinese borrowers told to post n--- photos as collateral
(DBN)

China sees more bankruptcies in Q1
(DBN)

____________

Asia:

Asia Needs Turnaround Experts
(DBN)

____________


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