June 2, 2016

The Daily Bankruptcy News

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Law:

NY To $190K: What Should The New Biglaw Pay Scale Look Like?
(DBN)

Gender Bias Suit Against Mintz Levin Moves Forward
(DBN)

Richards Kibbe & Orbe Adds Veteran Bankruptcy Partner In NY
(DBN)

Saul Ewing Adds Bankruptcy Partner In NJ
(DBN)

Origination credit is shunned at law firm of former Schiff Hardin lawyers
(DBN)

Biglaw Partner Benchslapped: ‘If You Can’t Focus… Sit Down, And I Will Ask The Questions’
(DBN)

The 10 Law Schools Students REALLY Want To Go To (2016)
(DBN)

What Is An SOH?
(DBN)

GC on Why Top Lawyers at His Company Become CEO
(DBN)

Clifford Chance boosts salaries
(DBN)

When Your Profits Go Black, Can You Go Back (To A Job)?
(DBN)

Lawyers HATE Giving Money To Donald Trump
(DBN)

Creative sentence sends Catholic man convicted in assault case to Baptist church
(DBN)

Kenneth Starr to resign as chancellor of Baylor but will continue to teach Baylor's Golden Age Turns Sour
(DBN)

SLU Law School 'Right-Sizes' By 47% Enrollment Reduction, 5 Faculty Buyouts; Faculty May View Consultant's Report Only In Presence Of Dean's Assistant After Signing NDA
(DBN)

There's An App For That: Scanner Pro – Handy iPhone scanning app with OCR functionality
(DBN)

20 must-have tech accessories under $20
(DBN)

Lawyer on trial for home-invasion attack can’t use medication-delirium defense, judge rules
(DBN)

Can You Guess What This Man Was Charged With?
(DBN)

Did A Biglaw Lawyer Just Get Slapped By A Summer Associate?
(DBN)

Wear Makeup, Increase Your Salary?
(DBN)

The one type of jacket every guy needs for the summer
(DBN)

After Gov't Refuses To Disclose Hacking Code, Judge Tosses Evidence in Case
(DBN)

Hulk Hogan's Lawyers Have Made Suing Gawker Their 'Bread And Butter'
(DBN)

Ex-lawyer at first avoided prison in $700K client thefts, but gets time for not paying restitution
(DBN)

Legally Blonde Cosplay At Graduation Ceremony
(DBN)

Jury Awards $22M to Man Who Says Police Locked Him in Closet
(DBN)

TX AG Loses Attempt to Dismiss His Case
(DBN)

More than 90% of marijuana arrests in New York City are people of color
(DBN)

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Judges:

Defense bar group blasts judge who had public defender cuffed in court
(DBN)

There's a Bug Named after RBG!?
(DBN)

Man upset about eviction faces new charges over bomb blasts outside judge’s home and police station
(DBN)

Gunman invaded chief judge’s home, held him hostage for 6 hours before release, authorities say
(DBN)

Judge who was reprimanded for remarks to lawyers and witness is renominated to the bench
(DBN)

Eight-Member Supreme Court Changes Decisions
(DBN)

Judge ‘Engaged In Bizarre And Disturbing Behavior’
(DBN)

Ala. Chief Justice Sues to Compel Reinstatement
(DBN)

What Trump Thinks Judges are Good For
(DBN)

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Wall Street:

US stock futures drift south as OPEC summit gets underway
(DBN)

US stocks kick off June with meager gains
(DBN)

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Layoffs:

HSBC Said to Cut Senior Investment-Banking Jobs to Lower Costs
(DBN)

Goldman Sachs Said to Cut Dozens of Investment Banking Jobs
(DBN)

Baltimore: 171 School Support Staffers To Be Laid Off
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Healthcare:

Forbes cuts estimated wealth of 'billionaire' Theranos founder to $0
(DBN)

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Autos:

GM, Ford, Fiat Chrysler Report Weak May Sales, Stoking Investor Fears GM sales drops 18%, Ford falls 5.9%, Fiat Chrysler sales up 1% in May
(DBN)

How VW Recovered from Its Record Loss
(DBN)

Car industry will change more in next 5 years than last 50: GM president
(DBN)

New car, new reality: Auto loan borrowing hits fresh highs
(DBN)

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Fraud:

US appeals court lets SEC pursue Lynn Tilton fraud case
(DBN)

Judge Puts Gambler's Private Jet on a Leash
(DBN)

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Pensions:

Sun Capital Update: District Court Doubles Down on Imposition of Pension Liability for Private Equity Funds
(DBN)

Defined Benefit Pensions Are a Foolish Dream
(DBN)

Sun Capital ERISA Litigation - Private Equity Funds Held Liable for Withdrawal Liability Pension Obligations
(DBN)

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Education:

The Average Student at a For-Profit College Was Worse Off After Attending
(DBN)

Dowling College on New York’s South Shore to Close After Default
(DBN)

Judge Tries to Reseal Trump U Documents
(DBN)

The Art of the Swindle
(DBN)

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Banking:

Bank Stress Tests: The Bar Keeps Getting Higher
(DBN)

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Tax:

Inside the U.S. Swiss Bank Tax Evasion Program
(DBN)

____________

Consumer Finance:

US to Curb Payday Lenders Payday loans face new limits under proposal from US consumer bureau
(DBN)

____________

Pharma:

Execs who rescued Martin Shkreli's old company, KaloBios Pharmaceuticals, in line for $700K awards
(DBN)

____________

Telecoms:

Allied Fiber's southeast dark fiber assets head to the auction block
(DBN)

Going Broke Slowly: A Guide to Sprint’s $33 Billion Debt Dilemma
(DBN)

____________

Aviation:

Republic Airways seeks relief by freeing itself of leases
(DBN)

Report: EgyptAir plane made 3 emergency landings in the 24 hours before it crashed
(DBN)

____________


Economy:

May ISM Manufacturing Index Rises, Bolsters Fed Rate Hike Case A ‘Mildly Comforting’ Manufacturing Report
(DBN)

OECD Worries Governments Are Caught In A 'Low-Growth Trap' But Their Solution Is Wrong
(DBN)

Consumers Tap Brakes, Auto Stocks Skid
(DBN)

States, Cities Clash on Pay and Benefit Rules
(DBN)

Fed: Everywhere we look the job market is tight
(DBN)

Investors are now ready to accept the Fed’s interest-rate hikes How an interest-rate hike could send S&P 500 into summer tailspin
(DBN)

Central Banks Have Already Used a Better Tool Than Helicopter Money
(DBN)

See How Your Area Compares to California’s Pockets of Stubbornly High Unemployment
(DBN)

The Most Hated Company in America
(DBN)

AIG Can’t Escape Pimco Suit Over Losses From Credit Crisis
(DBN)

Global manufacturing has stalled
(DBN)

How robots will kill Warren Buffett’s cash cow
(DBN)

Obama calls for increasing Social Security benefits
(DBN)

Oil Industry Drove US Wage Growth. Now that Is Over
(DBN)

US Debt Clock
(DBN

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Seventh Circuit Rules That Prepetition Nonresidential Lease Termination Is Voidable “Transfer” in Bankruptcy
(DBN)

Real Estate Developer Kent Lindemuth Indicted on Federal Bankruptcy Fraud Charges
(DBN)

Curbing Our Enthusiasm Over Rising Home Prices
(DBN)

Telling tenants to ‘friend’ landlord Facebook page in 5 days or lose lease was mistake, lawyer says
(DBN)

Rents are finally falling in 2 of America's most expensive cities
(DBN)

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Municipalities:

As Puerto Rico government frays, bondholders might get paid
(DBN)

Puerto Rico’s U.S. Rescue Won’t Come Soon Enough to Halt Default
(DBN)

Lew Tries to Tamp Down Liberal Worries About Puerto Rico Bill
(DBN)

Puerto Rico Debt Bill May Be More Symbolic in Short Term
(DBN)

With Puerto Rico, Get Over Your 'Principled Opposition'
(DBN)

Days Ahead of Primary, Sanders Has a Plan for Puerto Rico
(DBN)

Lawmakers Face Time Constraints on Zika, Puerto Rico Bills
(DBN)

State house rewrites its bills to address Detroit Public Schools bankruptcy
(DBN)

Governor orders state to oversee financially troubled Opa-locka
(DBN)

Study: Maine ranks in bottom 10 for fiscal health MA ranks 49th in fiscal solvency study CT: Two Reports Question State's Fiscal Health Kansas Tax Revenue Again Falls Short
(DBN)

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Oil/Gas:

Sabine Bankruptcy Judge Authorizes Rejection of Gas Gathering Agreements
(DBN)

Texas oil workforce could shrink to less than Great Recession size
(DBN)

Don't write off American oil boom despite OPEC
(DBN)

$50 oil is terrible news for some of the world's biggest producers
(DBN)

Sharp drop in non-OPEC output expected in 2016 Oil Price Poised For A Boost From A Big Fall In US Production
(DBN)

The U.S. Might Soon Lose Its No.1 Positions In Petroleum Production
(DBN)

Iran targets jump in oil production to 4.8 million barrels a day: DJ
(DBN)

Oil dips as Saudis 'won't rule out' increasing supply
(DBN)

Will OPEC Use This Strategy To Defeat U.S. Shale?
(DBN)

OPEC crude oil loadings ripping higher
(DBN)

E&Ps: The Only Things To Fear Are These 20 Or So Things
(DBN)

Linc USA Files for Chapter 11 Bankruptcy Protection Australian energy company's U.S. subsidiaries file for bankruptcy
(DBN)

Linn Energy LLC, SandRidge Energy Inc. Bankruptcies: Who’s Next?
(DBN)

Like Ebay For Oilfields, EnergyNet Booms As Oil Busts
(DBN)

Vanguard Natural Resources Gets Some Breathing Room With Creditors Vanguard Natural Resources Latest Oil Company to Cut Loan Borrowing Base
(DBN)

C&J Energy gets temporary reprieve on debt default C&J Energy Enters into Forbearance Agreement Following Covenant Breach
(DBN)

Oil price rout forcing oilsands companies to think ‘bite-sized’ projects: Husky Energy
(DBN)

Is OPEC About To Surprise The Oil markets? Saudis pledge not to shock oil markets as OPEC clash looms OPEC ministers temper production deal expectations as meeting begins OPEC showdown: Oil ministers meet, at odds over strategy Opec is not dead — it is adapting
(DBN)

Long Boom In Cheap Energy
(DBN)

Oil fallen angels are opportunity
(DBN)

____________

Politics:

Could This Be Donald Trump’s Attorney General? Litigator in chief: Donald Trump tied to 3,500 court battles How a Trump Presidency Would Threaten Democracy Myth of Trump's Great Business Success Crumbles As Trump Hotels Lost $1.7 Billion in 15 Years Trump toilet paper is outselling Hillary Clinton toilet paper by 6-to-1 Trump didn’t really smear federal judge — he loves Mexicans! The media finally figured out how to rattle Donald Trump 'It's not even close': Mark Cuban brags that he has much more in liquid assets than Donald Trump Trump Fact Check: We’ve broken "by millions" the all-time record for votes in a GOP presidential primary election. Conflicts of Interest? President Trump's Would Be Amazing World Golf Championship Taken from Trump Bill Gates: Donald Trump is not 'known for his philanthropy' Obama's Trump Takedown: 'Don't fall for a bunch of okey-doke'
(DBN)

What’s Next With Hillary Clinton’s Emails? Clinton Email Staffer Takes the 5th Clinton Offers New Explanation For Email Scandal Why Does the Left Hate Hillary?
(DBN)

Clinton, Trump Money Wells: Top 20 ZIP Codes for Individual Contributions
(DBN)

Who Will Bernie Sanders’s Supporters Back Next?
(DBN)

Spending Clash Looms for GOP
(DBN)

____________

Student Debt:

Student loan debt puts kibosh on graduates' startup plans
(DBN)

____________

Retailing:

After Sports Authority, Which ‘High Profile Bankruptcy’ Will Rock Retailers?
(DBN)

Sports Authority closing hurts sneaker sales
(DBN)

Not Even Steph Curry Can Guard Under Armour From This Big Problem
(DBN)

Lands ' End Swings to a Loss as Sales Drop, Discounting Rises
(DBN)

Apollo Tries Self-Help at Claire's
(DBN)

SRG’s Flickinger: More Trouble Ahead in Athletic Retail
(DBN)

____________

Religion:

Gallup diocese sets aside $21 million in abuse settlement In New Mexico, diocese nears $25 million payout on abuse
(DBN)

Catholic Church Turns To Biglaw To Stop Child Abuse Victims Act
(DBN)

____________

Steel:

Steel: Industry feels the heat
(DBN)

____________

Food/Beverage:

Burkle, Yucaipa Hit With Lawsuit in Fresh & Easy Bankruptcy
(DBN)

____________

Gambling:

Members of U.S. Congress oppose Caesars' casino REIT plan
(DBN)

____________

Bankruptcy Crimes:

Topeka developer Kent Lindemuth indicted on 103 federal fraud charges
(DBN)

___________

 


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 (29 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (11 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:

Buffalo-Rochester: Bankruptcy filings fall 9.1 percent
(DBN)

Bankruptcy filings down in NW Ohio
(DBN)

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CBAs:

Third Circuit Rules That a Terminated Collective Bargaining Agreement May Be Rejected Under Section 1113
(DBN)

Supreme Court lets bankrupt former Trump casino cut pensions
(DBN)

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Bankruptcy Remoteness:

Blocking Member Provision in LLC Agreement Designed to Prevent Bankruptcy Filing Unenforceable
(DBN)

US Special Purpose Vehicles’ Independent Directors and the Need for Fiduciary Duties
(DBN)

____________

Appeals:

It Ain't Over Till (When?) -- Finality of Bankruptcy Court Decisions
(DBN)

____________

Property of the Estate:

Inherited IRA Excluded From Debtor's Bankruptcy Estate
(DBN)

Post-Discharge Settlement Not Estate Property
(DBN)

____________

Proofs of Claim:

Proceed with Caution: 11th Circuit Holds Debt Collectors May Face Penalties under FDCPA for Filing Proofs of Claims in Bankruptcy for Time-Barred Claims
(DBN)

Bankruptcy Code Doesn't Conflict With Debt Collection Statute
(DBN)

____________

Corporate Governance:

Directors Owe Fiduciary Duties to Creditors of Insolvent Companies
(DBN)

____________

Discharge:

Discharge Injunction: Maybe It Works, and Maybe It Doesn’t
(DBN)

The United States Supreme Court Expands Discharge Exception to Include Fraudulent Transfers
(DBN)

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Burden of Proof:

Essential Resources on Burdens of Proof in Bankruptcy Litigation: Property Exemptions and Beyond
(DBN)

____________

Avoidance Actions:

Uniform Voidable Transactions Act Signed Into Law by Iowa Governor
(DBN)

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Miscellaneous:

Vendor’s Checklist When a Customer Files for Bankruptcy
(DBN)

____________

 

Alternative Energy:

Renewable Energy Is on the March Around the World
(DBN)

____________

Celebs:

Abby Lee Miller Negotiating Plea Deal In Bankruptcy Fraud Case
(DBN)

Jessica Parido Slams MJ; Did Reza Farahan File For Bankruptcy?
(DBN)

'RHONJ' star Teresa Giudice's legal malpractice case halted by judge
(DBN)

____________

Sovereigns:

Sovereign Debt Update
(DBN)

____________

UK:

MPs order Olswang to reveal BHS fees details
(DBN)

Bankrupts, trustees in bankruptcy and privilege
(DBN)

Bankruptcy orders and council tax liabilities
(DBN)

Clarification of remedies for void payments
(DBN)

BHS teetering on the brink leaves Sir Philip Green with serious questions to answer
(DBN)

MPs want to question two property tycoons over their involvement in the £1 BHS takeover
(DBN)

Ex-Barclays traders are using bullying as a defense in a LIBOR rigging trial
(DBN)

Ailing firms to get three-month breathing space
(DBN)

____________

EU:

EU court advisor says Belgian protection for Dexia investors unlawful
(DBN)

____________

PIIGS:

Athens eyeing loans but auditors want all loose ends resolved
(DBN)

Greece Running Out of Time for Quick ECB Waiver Reinstatement
(DBN)

Yanis Varoufakis: Greece needs an end to this loop of doom
(DBN)

Greece Economy Minister: Concerns remain over creditor demands
(DBN)

Renzi's Bank Rescue Is On Thin Ice
(DBN)

____________

Canada:

Canadian Lender Defeats Environmental Claim
(DBN)

____________

Netherlands:

Trustee in bankruptcy acts unlawfully, nevertheless his salary ranks above the pledgee
(DBN)

____________

Brazil:

Brazil Soybean Producer Files for Bankruptcy as Debt Talks Fail
(DBN)

____________

China:

No need to panic, China’s banks are in pretty good shape
(DBN)

The 'greatest risk to the global economy' has nothing to do with a China slowdown
(DBN)

____________

Australia:

Peabody Australia coal company loses nearly $3b in 2015 Peabody's Australian mines in jeopardy despite minister's advice, says lawyer
(DBN)

Glencore to close Australian coalmine with loss of 350 jobs
(DBN)

____________

Venezuela:

Venezuela Burning
(DBN)

____________

Bermuda:

Restructuring and insolvency in Bermuda
(DBN)

____________

South Korea:

Charter fee talks tease fate of Korean shippers
(DBN)

Creditors approve restructuring plans of South Korea's largest yards
(DBN)

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