June 3, 2016

The Daily Bankruptcy News

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Law:

Did Disgruntled Partners Lead To The Dewey Prosecution? Looking for the Origins of the Dewey Criminal Prosecution Dewey Papers Allege Sources of DA's Interest in Firm Finances
(DBN)

What Made That Summer Associate Slap A Biglaw Lawyer?
(DBN)

Biglaw Firm Says Goodbye To Staff
(DBN)

Kirkland Partner Leaving for Latham Asked to Pay Back Bonus
(DBN)

Government Surveillance of U.S. Law Firms is About Power, Snowden Says
(DBN)

Norton Rose Hires 17 Lawyers From Sidley Austin Norton Rose Fulbright poaches entire Sidley public finance team It Was Basically a Merger, Says Leader of 17-Lawyer Exodus
(DBN)

15 lawyers to exit Miami IP boutique for Cozen O’Connor; 5 more left earlier for another firm
(DBN)

Affidavit links law prof’s slaying to ‘desperate desire’ of ex-wife’s family to win custody battle Investigators Allege Involvement Of His Ex-Wife’s Family In The Murder Of Dan Markel
(DBN)

Bias claims against Mintz Levin are revived; associate had searched computer system for evidence
(DBN)

Shearman & Sterling hikes salaries across the board
(DBN)

Rankings Aren’t Just for Law Schools: Tier 1 Employees
(DBN)

Ken Starr’s Embarrassing ESPN Interview — How Can He Still Teach Law?
(DBN)

U.S. Solicitor General Donald Verrilli to Step Down This Month Solicitor General Donald Verrilli retiring after historic run The Solicitor General Rests
(DBN)

Today’s Tech: A Solo Practitioner And His Surface Pro 3
(DBN)

Forget texting while driving. Soon you could be sued just for texting a driver
(DBN)

Judge to appoint special prosecutor in Chicago cop's murder trial
(DBN)

Trial lawyer is retiring after 54-year career, in wake of $1.1M jury verdict
(DBN)

Judge rules out accused lawyer's ‘involuntary intoxication’ defense in McLean home invasion trial
(DBN)

A man spent 5 months in one of the country's most notorious jails because he didn't know his bail was just $2
(DBN)

Blind man claims McDonald’s violates ADA by restricting late-night orders to customers in cars
(DBN)

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Judges:

Trump Takes Aim at the Independent Judiciary Trump suggests possibility of civil case against federal judge; what about a recusal motion?
(DBN)

What Donald Trump Thinks Judges Are Good For
(DBN)

Here’s How Obama Puts Garland on Court Without Confirmation Hearing
(DBN)

Pedestrian fatally injured as SUV driven by lawyer runs backward 100 feet from court parking lot
(DBN)

Judicial candidates’ self-drafted ballot titles spur legal fights over accuracy
(DBN)

Ginsburg, Sotomayor Dish About Food & SCOTUS
(DBN)

Longest Serving Clerk in US Court History Retires
(DBN)

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Wall Street:

S&P 500 primed for a record, with jobs data a potential catalyst
(DBN)

Global stocks rise ahead of US jobs report
(DBN)

Stocks Close Mostly Higher After Staging Another Recovery
(DBN)

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Layoffs:

Boeing to lay off 211 workers in Washington state, agency says
(DBN)

Western Digital plans to eliminate 405 jobs in Bay Area
(DBN)

SunEdison lays off 43 local workers
(DBN)

AMR announces 100+ layoffs at Rural/Metro Ambulance
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Autos:

Tough times for auto stocks as Uber rules the world
(DBN)

7 automakers add 4.4M vehicles to Takata recall
(DBN)

Auto Sales: Is the Boom Really Done?
(DBN)

Jamie Dimon just sounded the alarm on auto loans
(DBN)

UCI International files for Chapter 11 bankruptcy New Zealand’s Richest Man Puts U.S. Car-Part Maker in Bankruptcy
(DBN)

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Hotels:

Long Island: Allegria Hotel offered in bankruptcy auction
(DBN)

FL: Resort hotel owner in Broward files Chapter 11
(DBN)

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Coal:

Peabody Energy Sues Bowie Over Collapse of $358 Million Mine Sale
(DBN)

Bleak quarters ahead for US coal producers as industry contracts faster than expected
(DBN)

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Consumer Finance:

How the feds want to protect consumers from payday loans
(DBN)

New Rules Could Dramatically Alter the Payday Loan Market
(DBN)

Payday Rulemaking: Is Too Much Competition a Bad Thing?
(DBN)

A Political Assault on Paydays
(DBN)

Poor people may be even worse off under the new payday loan rules
(DBN)

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Education:

Most For-Profit Students Wind Up Worse Off Than If They Had Never Enrolled in the First Place
(DBN)

“A total lie”: the truth about Trump University
(DBN)

These controversial student contracts may soon be banned
(DBN)

Donald Trump Makes Ominous Promise to Reopen Trump University, Which For Legal Reasons He Cannot Call a University
(DBN)

Glengarry Glen Trump: 10 sales secrets from Trump University
(DBN)

TX AG's Office Created a Case Against Trump U, but....
(DBN)

____________

Alternative Energy:

SunEdison’s Yieldcos Get Notices of Default for Late Reports
(DBN)

____________

Healthcare:

Scrutiny Leads Mo. Hospital to Curb Debt-Collection Suits
(DBN)

____________

Gambling:

Trump Taj Mahal Among Atlantic City Casinos Seen at Risk to Shut
(DBN)

____________

Celebs:

'Real Housewives Of New Jersey' Season 7: Teresa Giudice's Money Woes Aren't As Bad As They Seem
(DBN)

Gary Dourdan Slammed By Judge: You Can't Go Bankrupt !
(DBN)

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Shipping:

S.Korea shipbuilders' lead creditors back $4.2 bln asset sale
(DBN)

____________

Nightclubs:

Here's how you bankrupt a club by 25 and then claw your way back to the top of New York City nightlife
(DBN)

____________

Student Debt:

Some nonprofit employees get notified they don’t qualify for student loan forgiveness program
(DBN)

____________

Television:

'American Idol' Producer Files $6 Million Adversary Proceeding Against Season 11 Winner Phillip Phillips
(DBN)

____________


Economy:

Businesses Added 173,000 Workers In May, ADP Says May ADP labor market report missing vital information Tightening US labor market boosts economic growth outlook
(DBN)

May jobs weakness could be due to retailers, strikers
(DBN)

Preview of May Employment Report
(DBN)

Jamie Dimon: This is the 'biggest disgrace' in America
(DBN)

U.S. Jobless Claims Fell Slightly Last Week Weekly Initial Unemployment Claims decrease to 267,000
(DBN)

Jobs Numbers Are No Cause for Alarm
(DBN)

America’s jobs market has had a great 2016. Will it last?
(DBN)

The market for negative debt is now worth a colossal $10 trillion
(DBN)

We're Still Not Sure What Causes Big Recessions
(DBN)

Fed’s Tarullo says he wants a reason to lift interest rates
(DBN)

Timing of rate hike 'not really that critical': Fed's Evans
(DBN)

U.S. Birthrate Falls Slightly While Death Rate Rises
(DBN)

Post-Recession Rethink: Growth Potential Dimmed Before Downturn
(DBN)

American economy hamstrung by vanishing startups, innovation
(DBN)

A changing American dream: Millennials on track to miss out on a long retirement
(DBN)

Why Americans are giving up citizenship in record numbers
(DBN)

Payday lenders are a symptom of a much bigger problem
(DBN)

US Debt Clock
(DBN

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Average 30-year US mortgage rate rises to 3.66 percent
(DBN)

Hovnanian posts surprise loss, cuts outlook
(DBN)

FDIC wins $190M settlement for toxic Countrywide mortgage bonds
(DBN)

House flipping heats up, creating 'home price pressure cooker'
(DBN)

A huge part of the housing market might finally get cheaper
(DBN)

Homeowners in these 10 states carry the most mortgage debt
(DBN)

Fannie Mae Sells More Delinquent Loans
(DBN)

Mortgage brokerage CEO jailed for stealing homes, renting them back to struggling homeowners
(DBN)

____________

Municipalities:

Puerto Rico Bill Faces Unclear Fate as House Floor Debate Nears
(DBN)

Puerto Rico could seek to invalidate over $4 billion of debt
(DBN)

Puerto Rico Commission Says Bonds May Violate Constitution
(DBN)

Report Questions Whether Puerto Rico Debt Issued Illegally
(DBN)

Puerto Rico Pension Plan Risks Insolvency Next Year, Audit Says
(DBN)

This Puerto Rico Debt Commission Could Be The Island's Trump Card
(DBN)

Unhappy with House bill, Sanders has alternate plan to help Puerto Rico Bernie Sanders Says He's Got a Plan to Save Puerto Rico
(DBN)

Politics, Primaries and Crisis in Puerto Rico
(DBN)

Atlantic City Bid to Stay Afloat Hits New Phase
(DBN)

What N.J. residents think about state intervention in Atlantic City
(DBN)

Bailout of Detroit Schools Moves Forward in Legislature
(DBN)

____________

Oil/Gas:

Oil prices rise as US crude drawdown offsets OPEC outcome Oil prices fall as OPEC meeting disappoints those expecting output cap
(DBN)

OPEC Fails to Reach Agreement on Oil Production Ceiling OPEC again fails to agree on oil output ceiling
(DBN)

SandRidge dismissed from lawsuit: Litigation continues against Chesapeake and former SandRidge CEO Tom Ward
(DBN)

Pension Tension in the Fossil Fuel Industry
(DBN)

Grim outlook for Texas oil workers despite crude rally
(DBN)

With Oil Back at $50, East Texas Shows Signs of Life Again
(DBN)

Why $50 Oil Makes Sense
(DBN)

Looking At The Value Of Linn Energy's Debt
(DBN)

C&J Energy reaches agreement to avoid default for now, continues discussions with lenders
(DBN)

Intervention Fights for Right to Bankruptcy Protection
(DBN)

Warren Resources Files Ch. 11 In SD TX - Assets $229.7M Warren Resources files for Chapter 11 bankruptcy Oil Company Warren Resources Files for Chapter 11 Bankruptcy Protection First Day Dec
(DBN)

Weatherford Kicks The Can Down The Road With New Debt
(DBN)

Bullish on Oil? Time to Buy Junk Bonds
(DBN)

Cash Strapped Saudi’s To Sell $15 Billion In Bonds
(DBN)

New Saudi Oil Chief to OPEC:: Changes Coming Saudi Arabia: $60 Oil is Coming
(DBN)

Cash Deprived Venezuela Can’t Pay For Oil Imports, Leaving Tankers Stranded
(DBN)

Record $286 billion spent on renewables in 2015: Study
(DBN)

____________

Politics:

President Obama on Donald Trump: America Is Already Great
(DBN)

Are Members of Congress Overpaid?
(DBN)

The drawbacks of a Clinton-Warren ticket
(DBN)

Trump Running For President To Save His Business? The Lament of the Anti-Trump Republican Women The easiest way to guess if someone supports Trump? Ask if Obama is a Muslim. State attorneys general who dropped Trump University fraud inquiries subsequently got Trump donations 3 key ways Donald Trump’s Hollywood Reporter interview explains his campaign Trump Delegate: Americans "Need to Have the Weaponry Necessary to Be Able to Overthrow the Federal Government" Donald Trump Really Shouldn’t Complain About ANYONE’S Temperament They Won’t Play Ball With Donald Trump Donald Trump's racist comments are a diversionary tactic
(DBN)

____________

Manufacturing:

FL: Tool manufacturer with more than $10 million in debt files Chapter 11
(DBN)

____________

Religious Products:

Distributor blames Family Christian Stores bankruptcy and online competition for shutdown
(DBN)

____________

Defaults:

US Leveraged Loan Default Rate Hits14-Month High
(DBN)

S&P: With 12 Defaults, High Yield Default Rate Rises to 4.1% in May
(DBN)

____________

Electricity:

Nuclear Plant Casualties of the Shale Boom are Mounting
(DBN)

____________

Retailing:

Sears May Sell Its Best-Known Brands
(DBN)

____________

Fraud:

Former AIG chief Greenberg must face New York fraud trial
(DBN)

Raise Your Hand If You’re NOT A Deutsche Banker About To Be Charged With Rigging LIBOR
(DBN)

Wall St. Golden Boy Who Fleeced Family, Pals
(DBN)

As Koch Brothers Cling to Madoff Cash, a New Legal Battle Arises
(DBN)

___________

 


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 (20 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (8 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:

Total Commercial Bankruptcy Filings Increase 32 Percent in May
(DBN)

Consumer Bankruptcy Filings Fall to 3-Month Low
(DBN)

______________

Intercreditor:

Are Intercreditor Agreements Now Going According to Plan?
(DBN)

____________

Chapter 13:

BK SD CA: Now Effective: Local Rules Amendment Adopting Mandatory Chapter 13 Plan and Guidelines & Revised Fee Schedule
(DBN)

____________

Chapter 7:

Updated Means Test Information for Cases Filed on and After May 1, 2016
(DBN)

____________

Discharge:

Misapplication of Plan Payments Violates Discharge Injunction
(DBN)

____________

Mediation:

A 2015 Judicial Scolding for “Self-Serving” and “Narcissistic” Mediation Positions
(DBN)

____________

Proofs of Claim:

We Said It Once and We’ll Say It Again – Debt Collectors Face FDCPA Liability for Filing Time-Barred Proofs of Claim
(DBN)

Eleventh Circuit Sticks to its Guns: Expands Proofs of Claim Holding
(DBN)

____________

Pensions:

Private Equity Funds Liable for Pension Withdrawal Liabilities
(DBN)

____________

Interest:

The Ninth Circuit Bankruptcy Appellate Panel Holds That Oversecured Creditors Are Presumptively Entitled to Post-Petition Default Interest
(DBN)

____________

CBAs:

Game Over, Man! Bankruptcies Trump Ongoing Obligations under Expired CBAs
(DBN)

____________

Insurance:

Professional Services Exclusion Not Triggered Where Allegations Did Not Involve Specialized Knowledge
(DBN)

____________

Telecoms:

Could the Nortel Bankruptcy Finally Be Close to Resolution?
(DBN)

____________

Chemicals:

Vertellus Bankruptcy Proceeds
(DBN)

Chemours Falls as Citron’s Left Sees Shares Dropping to Zero Chemours: DuPont Spinoff ‘Was Purposely Designed for Bankruptcy,’ Citron Says Is Chemours Really a ' Bankruptcy Waiting to Happen'?
(DBN)

____________

Banking:

Citigroup CEO points to 25 percent YtY drop in quarterly results
(DBN)

Fed Governors Signal Bigger Bank Capital Requirements Looming
(DBN)

____________

Sovereigns:

Big rating agencies steer clear of Peru's defaulted debt
(DBN)

A 'hidden debt scandal' might crush one of the world's poorest countries
(DBN)

____________

UK:

BHS to Close After Failing to Find Buyer British retailer BHS to close with thousands of job losses BHS rescue bid fails with loss of 11,000 jobs Administrator Set to Wind Down BHS No Silver Lining From BHS's Collapse Could BHS have been saved?
(DBN)

City ally of Philip Green advised fraudster who tried to buy BHS Sir Philip Green 'saddened' by collapse of BHS BHS backers set to face MPs over £35m loan BHS collapse: IoD chief accuses Sir Philip Green of 'lamentable behaviour'
(DBN)

BHS shoppers rush to say goodbye
(DBN)

Cross Border Restructuring and Insolvency Update - May 2016
(DBN)

Buried Tablets Reveal the 2,000-Year-Old Financial Dealings of Early Londoners
(DBN)

____________

EU:

Draghi Vexed by Feeble Reforms as Inflation Remains Weak
(DBN)

____________

PIIGS:

ECB Dashes Greek Hopes on Lifting ‘Waiver’ on Greek Bonds
(DBN)

Greek parliament approves tweaks to latest austerity package
(DBN)

ECB puts off decision on Greek access to cheap money
(DBN)

Former Anglo bondholders in line for payout from IBRC liquidation
(DBN)

____________

Canada:

Consumer proposal and bankruptcy filings continue to rise sharply in oil -producing Provinces
(DBN)

Court Sanctions Target Canada's Plan of Compromise and Arrangement
(DBN)

____________

Brazil:

Brazil’s GDP stats reveal depth of recession
(DBN)

____________

Australia:

Arrium administrator Korda Mentha, GSO in battle over fees
(DBN)

Don't link innovation agenda & bankruptcy law reform
(DBN)

____________

Finland:

Finnish miner Talvivaara says close to bankruptcy
(DBN)

____________

Germany:

Maple Bank: Creditors Want Their Billions Back
(DBN)

____________

Ukraine:

Deadbeat debtors sicken Ukraine's banking system
(DBN)

____________

Poland:

Reform of Polish Insolvency Law
(DBN)

____________

China:

Is China Simply Shuffling Bad Loans?
(DBN)

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