March 14, 2016

The Daily Bankruptcy News

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Law:

Associate Bonus Watch: A Big Win Spawns Special Bonuses
(DBN)

Attorney Layoffs Hit Well-Liked Biglaw Firm
(DBN)

Kirkland: all at sea? It’s fine to reboot, Kirkland. Just come out and say it
(DBN)

Proskauer, Chadbourne Ponzi Scheme Ruling Reversed Proskauer Beats Megabucks Class Action Over Work for Ponzi Schemer
(DBN)

Attorney Linked to Shkreli Resigns from Kaye Scholer
(DBN)

Which Law Schools Have The Best Bar Passage Rates?
(DBN)

Veteran bankruptcy attorney tapped for new position at Adams and Reese
(DBN)

For Bingham, Erin Andrews Verdict Is One That Got Away
(DBN)

Linklaters takes care of talent with longer leave and better pay
(DBN)

The 2017 U.S. News Law School Rankings Leak: The Top 100
(DBN)

California Bar Requires Unaccredited Law Schools To Disclose Dropout Rates (Collectively, 85%)
(DBN)

California Dreamin' on Law Jobs? Trial Over Law School's Job Statistics Symbolizes an Industry Gone Wrong
(DBN)

Law School Applicants From Top Colleges Plunge 42%
(DBN)

Berkeley law dean resigns but remains on faculty after s-- harassment allegations
(DBN)

The California Roots Of The Lawsuit Against Thomas Jefferson Law School
(DBN)

Baker & McKenzie boosts newly qualified lawyer pay to £70,000
(DBN)

FBI Alert Warns of Criminals Seeking Access to Law Firm Networks
(DBN)

How In-House Counsel Are Raising The Bar For Law Firm Diversity
(DBN)

Why the Role of General Counsel Is Expanding
(DBN)

Useful Advice For New Lawyers
(DBN)

High Minority Attrition Rates Continue To Plague Large Law Firms
(DBN)

An easy 5-step method to remember anyone's name
(DBN)

How I Tamed the Email Beast at Work
(DBN)

Which Devices Rule the Workplace?
(DBN)

9 surprising things people can learn about you from your appearance
(DBN)

6 Hours of Sleep as Dangerous as No Sleep
(DBN)

Milwaukee man kills 3 after complaining neighbor doesn’t speak English
(DBN)

The FBI Claims Failure To Guess Password Will Make Data ‘Permanently Inaccessible,’ Which Isn’t True
(DBN)

Daylight saving time is a huge inconvenience for criminals
(DBN)

A Few Discrepancies During Trial
(DBN)

Ex-lawyer gets 3 years in theft and UPL case; judge blasts ‘disingenuous’ child-support excuse
(DBN)

‘Blown off’ toilet by explosion from sewer work, woman claims physical injuries and PTSD
(DBN)

Who Kicked The Hell Out Of James Crawford?
(DBN)

Hulk Hogan v. Gawker - Probably not since Pao v Kleiner has a trial seemed to go so badly for one side
(DBN)

Lawyer faces federal fraud case in claimed $7M straw-purchaser auto loan scheme
(DBN)

Strip-club lawyer threatens to ‘go scorched earth’ and issues F-word tax threat
(DBN)

Snoozy lawyer napped through client's trial, appeals court hears
(DBN)

Man in Dire Need Of Potty Arrested for Speeding . . .
(DBN)

Apparent cyberthieves used Bangladesh bank codes to get $100M from its Federal Reserve account
(DBN)

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Judges:

Supreme Court Shortlist Narrows: And Then There Were Three
(DBN)

The Supreme Court is starting to lose luster in the eyes of the public
(DBN)

Conservatives dig for dirt in bid to thwart potential Obama Supreme Court nominees
(DBN)

Interest groups gear up for what may be biggest Supreme Court fight since Robert Bork
(DBN)

Ad targets potential Obama court pick
(DBN)

The Latest In The Supreme Court Nomination Carousel
(DBN)

Judge Jane Kelly: The Knives Come Out
(DBN)

Learning from Antonin Scalia – The Story of the “Hapless Law Clerk”
(DBN)

Supreme Court Justice Takes A Second Job
(DBN)

Will liberals oppose Srinivasan if nominated for SCOTUS? He would be court’s first Hindu What would a Hindu justice mean for the Supreme Court?
(DBN)

Will the U.S. Supreme Court get its first Asian American justice?
(DBN)

Multiple Supreme Court Cases at the Same Time: the Pros & Cons
(DBN)

A friend's tribute to Ruth Bader Ginsburg
(DBN)

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Wall Street:

Futures lower as investors focus on Fed meeting U.S. stock futures waver as Fed meeting keeps investors on hold
(DBN)

Stocks surge more than 1% to post 4-week win streak
(DBN)

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Layoffs:

Williams Cos. announces 10 percent layoffs - 670 jobs
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Politics:

Fortune Reporter: Trump Isn't Worth $10Bn Trump’s Long Trail of Litigation Trump Wants to Make Government Huge Again Trump: I may pay legal fees of my supporter who sucker-punched a protester 'All I know is what's on the Internet': Donald Trump confronted on 'hoax' ISIS video claim 'Ruin the rest of their lives': Donald Trump calls for arrests after wave of protests at rally Signs of desperation in the Republican 'stop Trump' effort Trump School Trial Delay Sought to Avoid Pre-Election ‘Zoo’ Donald Trump’s Rhetoric and the Violence at His Campaign Events Donald Trump, Meet Your Customers Millions of ordinary Americans support Donald Trump. Here's why Trump and the new politics of vulgarity and bling
(DBN)

Sen. Elizabeth Warren slams ‘extremists’ Trump and Ted Cruz: ‘They demean millions of Americans’ Elizabeth Warren slams Mitt Romney for not coming out sooner against Trump’s extremism
(DBN)

Ted Cruz just crushed Donald Trump in Wyoming Ted Cruz Goes Way Out Of His Way To Take Debate Potshot At Wall Street Judge: Cruz is a Natural Born Citizen Ted Cruz: He's Actually Pentecostal
(DBN)

Candidates Predict Unusual Battle at Party Conventions
(DBN)

Clinton Demands To Know Where Sanders Was During The Earlier Health Care Fight . . . Sanders Releases Picture of His Standing Right Next To Her
(DBN)

FactCheck: GOP on Social Security Changes
(DBN)

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Celebs:

50 Cent: Secret Service asking about ‘prop’ money 50 Cent promises he really is bankrupt. (Ignore all those wads of cash on Instagram)
(DBN)

50 Cent net worth: He flashes cash because 'rap fans are poor', says hip-hop star's lawyers
(DBN)

Dallas ex-billionaire Sam Wyly blasted by SEC over bid to save mansion
(DBN)

Richard Simmons May or May Not Be Currently Held Hostage by His Maid
(DBN)

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Hollywood:

Relativity Media Completes Financial Arrangements to Emerge from Chapter 11
(DBN)

Very Busy Kevin Spacey Drops Out of Relativity Kevin Spacey Won’t Be Running Relativity Post-Chapter 11 Kevin Spacey Not Serving as Relativity Chairman
(DBN)

Relativity Lender Seeks $110 Million for Ryan Kavanaugh ‘Ponzi Scheme’
(DBN)

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Retailing:

Stage Stores Is A Short
(DBN)

Why Under Armour, Inc. Isn't Sweating Sports Authority's Bankruptcy
(DBN)

Another Sports Retailer is Feeling Pain
(DBN)

Sears Holdings REIT Shares Up 5.7% On Q4 Results - Seritage 'Alchemy' Is Working
(DBN)

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Newspapers:

Freedom insiders confirm bid for O.C. Register ahead of next week's auction
(DBN)

Digital First Media named top early bidder for the Orange County Register
(DBN)

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Sporting Goods:

Maker of ‘Smart’ Basketball Files for Bankruptcy Protection
(DBN)

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Economy:

How Much Does the 1% Really Own?
(DBN)

Bond Traders Give Fed Green Light to Lift Rates as Soon as June
(DBN)

Why the Fed should stun Wall Street with a rate hike
(DBN)

What the Fed Will and Won't Do This Week
(DBN)

The Great OK: U.S. economy muddles along
(DBN)

These are all the major concerns investors have about the global economy right now
(DBN)

Economy still sailing uncharted seas, Fed officials confess
(DBN)

Credit Card Debt Continues to Increase Beyond Estimates
(DBN)

Back From the Dead: Interest-Rate Hikes Are on the Radar Again
(DBN)

The financial crisis 'changed the psyche of a generation'
(DBN)

What Buffett Believes Caused the Meltdown
(DBN)

The retirement crisis is getting truly scary
(DBN)

22 Years to Get Our Economy Humming Again
(DBN)

The Tidal Wave Of Money Woes Drowning Millennials
(DBN)

The gender pay gap is bad in some states and worse in others
(DBN)

Rogers warns world economy will face worst crisis yet
(DBN)

This infographic shows the devastation of the Great Depression
(DBN)

Clinton Fact Check: "Americans haven’t had a raise in 15 years."
(DBN)

College Degrees Are on the Rise, But Not Among Older Americans
(DBN)

How Federal Lending Programs Served as a Big Shadow Stimulus
(DBN)

Income Inequality May Cause Boys to Drop Out of High School More Often
(DBN)

Biggest Life Regret for Older Americans
(DBN)

Here’s why Trump is dominating despite a strong economy
(DBN)

US Debt Clock
(DBN

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

First Mortgage Debt Hits $8.3 Trillion
(DBN)

Bauhaus Group's Joe Beninati is on the brink of losing it all. What went wrong?
(DBN)

Manhattan's rental market is slowing
(DBN)

Here are the 10 hottest neighborhoods for home flipping
(DBN)

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Municipalities:

Ex-judge says without state money Detroit schools will close Rhodes hopeful lawmakers will help DPS make payroll
(DBN)

Closing Time for Puerto Rico
(DBN)

Just Say No to a Puerto Rico Bankruptcy
(DBN)

Puerto Rico bonds snapped up by insurers as crisis nears climax
(DBN)

Democrats' Bills to Empower Puerto Rico Face Uphill Battle
(DBN)

Congress Needs to Throw Puerto Rico a Lifeline
(DBN)

Puerto Rico's financial mess
(DBN)

Electricity Cut Off For Puerto Rico Hospital That Owed $4M SOS: Puerto Rico Is Losing Doctors, Leaving Patients Stranded
(DBN)

Democratic Debate 2016 Highlights: Bernie Sanders, Hillary Clinton Pledge to Save Puerto Rico From Debt Crisis
(DBN)

Puerto Rico: Colonial Chickens, Structural Priority, and Contingent Debt
(DBN)

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Oil/Gas:

Behind Sabine’s Curtain Lies Negotiation
(DBN)

New York Bankruptcy Court Authorizes Rejection of Midstream Contracts
(DBN)

Sabine ruling: significant impact on future oil and gas exploration, pipeline company restructurings – key takeaways
(DBN)

New York Bankruptcy Decision Puts Pipeline Contracts in Jeopardy
(DBN)

Mon.: Oil Drops as Iran Output Expansion Counters Falling US Rigs Oil prices slip, with crude down nearly 2%
(DBN)

So, oil's price swoon is over? Don't believe it
(DBN)

Oil pipeline contracts sink into an ‘unspeakable quagmire’
(DBN)

How Lenders Control The Future Of Oilfield Services
(DBN)

Oil field workers increasingly sue for unpaid wages
(DBN)

Profusek: 500 Potential Energy Bankruptcies in 2016
(DBN)

Denver energy company ponders bankruptcy, says creditors should accept 'reality of low oil prices'
(DBN)

$19 billion default wave poised to come crashing down as debt catches up to oil boom
(DBN)

The US Is Pumping All This Oil, So Where Are The Benefits?
(DBN)

Don’t expect OPEC freeze this month: Expert
(DBN)

The oil bust could cause 11 Texas towns to be downgraded
(DBN)

Iran says US companies welcome to invest in oil sector
(DBN)

Oil-Price Rise Could Be Its Own Undoing
(DBN)

Shale Patch Pain Sees Speculators Boost Bets on Oil Price Rise
(DBN)

Some bond funds bet on longer-lasting rally in energy debt
(DBN)

The final days and deals of Aubrey McClendon
(DBN)

Midstream Contracts Rejected In Bankruptcy, How Does This Impact MLPs?
(DBN)

Energy MLPs - A Riskier New Normal
(DBN)

The State Of MLPs In 2016
(DBN)

Saudi Aramco again cuts its rig rates with struggling Hercules Offshore
(DBN)

Pemex Woes Trigger 2,000 Provider Job Cuts as Boom Turns to Bust
(DBN)

____________

Compensation:

Chipotle CEOs' insanely high pay was just cut in half
(DBN)

____________

Food/Beverage:

Albertsons Owner Cleared to Bid on Haggen Chain After Antitrust Review
(DBN)

Haggen agrees to sell remaining stores to Albertsons Albertsons buys 29 core Haggen stores – the rest will go out of business
(DBN)

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Metals:

Horsehead creditors' meeting delayed a week
(DBN)

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Fraud:

The SEC's version of events in the collapse of Aequitas
(DBN)

Lawyers expect to cast a 'broad net' in wake of Aequitas Capital collapse
(DBN)

Now facing receivership and SEC charges, Aequitas seeks trial delay again
(DBN)

MF Global bondholders reach $29.8 million settlement with banks
(DBN)

Texas immunity law protects BigLaw firms that represented Ponzi schemer, 5th Circuit rules Appeals Court Finds Law Firms Protected From Liability in Stanford Fraud Scheme
(DBN)

Trump University Says Fraud Case Can’t Be Tried Without Witness Ex-Trump University student: I live in fear of being 'disparaged by Trump on national television' 'It's absolutely a con': Ex-students speak out about 'beautiful' ratings at Trump University
(DBN)

____________

Pensions:

This mistake cost one worker nearly $800,000
(DBN)

____________

Autos:

VW: US Jobs at Risk Over Diesel Scandal
(DBN)

Subprime Flashback: Early Defaults Are a Warning Sign for Auto Sales Subprime Auto Loans Aren’t Looming Crisis: Report
(DBN)

Plaintiffs face critical legal tests in GM ignition-switch cases
(DBN)

____________

Healthcare:

Blue Cross Lost $1.5 Billion Last Year
(DBN)

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Corporate Reform:

Elizabeth Warren explains why Wall Street Bankers didn’t go to jail
(DBN)

The US government interviewed the heroes of 'The Big Short' — here's what they had to say
(DBN)

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New Bankruptcy Opinions
(6 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (28 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (33 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:

A new normal for bankruptcy volume?
(DBN)

Rozens on Bankruptcy
(DBN)

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Bankruptcy Reform:

Corrected BK Code Dollar Amounts
(DBN)

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Surrender:

Florida BK Court Allows Borrowers to Challenge Foreclosure on Surrendered Property
(DBN)

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Miscellaneous:

The Week Ahead
(DBN)

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Proof of Claim:

How Are Informal Proofs of Claim Like Informal Dress Codes? What You Can Get Away With May Depend on Whom You Ask
(DBN)

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Discharge:

District Court Reverses Bankruptcy Court Ruling that State Criminal Restitution is Dischargeable
(DBN)

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Coal:

Peabody Energy Bonds, Shares Soar to Highest Levels in Weeks
(DBN)

Arch Coal Made $10,000 Gift to Energy & Environment Legal
(DBN)

Arch Coal Paid $29M to Insiders in Year Before Bankruptcy
(DBN)

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Pharma:

Shkreli's Bankrupt Drug Company Gets Offer From Hedge Fund
(DBN)

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Religion:

Study: Sharp Decline In Americans With Faith Or Religion Affiliations
(DBN)

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Mass Torts:

Head of legal reform group says Calif. appeals court decision in asbestos case just adds to 'hellhole' reputation
(DBN)

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Education:

California residents accuse University of Phoenix, Apollo Education of fraud
(DBN)

Trouble remains following failed for-profit schools' revival
(DBN)

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Gambling:

Caesars Adequacy Hearing Ch. 11 on Shaky Ground Ahead of Examiner Report
(DBN)

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Sovereigns:

Peronists mull time-out on holdouts bill
(DBN)

US appeals court delays lifting injunctions Argentine bonds: US Appeals court puts on hold Judge Griesa's lifting of injunctions
(DBN)

'We want to put an end to the foreign debt, but we won't kneel down'
(DBN)

Second Circuit Determines that Argentine Central Bank is Not Alter Ego of Argentina
(DBN)

____________

UK:

Someone is editing Wikipedia to make the founder of collapsed tech unicorn Powa look better There's a fight brewing over collapsed unicorn Powa's technology
(DBN)

BHS plays dangerous game with PPF pensions gamble
(DBN)

Debt is dealt with better in Scotland - we need the same for England and Wales
(DBN)

____________

EU:

Heta And Novo Banco Lawsuits Reveal Fatal Flaws In The European Banking Union
(DBN)

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PIIGS:

David Drumm: Former Anglo Irish Bank CEO returns to face Irish court
(DBN)

Germany Squares Off with IMF Over Greece
(DBN)

Greek Bailout Retraces a Contentious and Dangerous Route
(DBN)

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Canada:

Ottawa investigating lack of severance paid to CHCH workers after mass firings
(DBN)

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Germany:

Germany is officially heading in the wrong direction
(DBN)

German Bank Fund Pays $2.9 Billion to Depositors of Maple Unit - Bloomberg Business
(DBN)

____________

India:

Willful defaulters to be brought to justice: Centre
(DBN)

Hope to pass GST, bankruptcy bill this session
(DBN)

Why is nobody talking about Air India losses?
(DBN)

Insolvency Code to prevent bad debts
(DBN)

Can the new bankruptcy law prevent more Vijay Mallya?
(DBN)

Rusty jets on tarmac show India beer baron's fallen empire
(DBN)

____________

BVI:

Fairfield Sentry - New Guidance from the BVI Court
(DBN)

____________

Austria:

'Bad bank' creditors push Austria province to financial brink
(DBN)

Austria, Heta Creditors Turn Page in $12 Billion Face-Off
(DBN)

Carinthia Seeks New Talks on Heta After Creditors Reject Offer Austrian province says ready to negotiate over bad bank Heta
(DBN)

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Norway:

Frozen Norwegian high-yield market triggers more debt restructuring
(DBN)

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New Zealand:

10% of farmers could go bankrupt - Key
(DBN)

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China:

China Banks: Time to Fear a Zombie Apocalypse?
(DBN)

China rebuts economy doomsayers on debt and ‘zombies’
(DBN)

China Looks to Consolidate State Companies to Avoid Layoffs China's restructuring will not lead to mass layoffs: regulator China's labor law under fire as restructuring threatens jobs
(DBN)

Chinese economic data paint a gloomy picture
(DBN)

Chinese Regulators Speed Up Bad-Loan Help for Banks
(DBN)

China is crushing hedge funds that bet against it
(DBN)

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Australia:

Palmer's staff, creditors in 11th-hour refinery session
(DBN)

Clive Palmer nickel plant closed for at least eight weeks
(DBN)

Nickel shipments diverted as Palmer plant runs out of ore
(DBN)

Row reveals Alan Bond's 'zero' estate
(DBN)

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Japan:

The Effects of a Month of Negative Rates in Japan
(DBN)

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Latin America:

New Wave of Corporate Restructuring Drives M&A in Latin America
(DBN)

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