March 22, 2016

The Daily Bankruptcy News

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Law:

Schiff Hardin lays off 11 current and incoming associates after 22 partners leave
(DBN)

Associate Bonus Watch: More Money At McDermott
(DBN)

Proskauer Adds Distressed Investing Pro In NY
(DBN)

Coming and Going Concerns
(DBN)

Jones Day: Helping Donald Trump To Make America Great Again Jones Day: Branding v Everyone's Right to a Defense
(DBN)

Study reveals perception gap between fee-earners and partners
(DBN)

The Curse Of Competence
(DBN)

Sorry, But Millennials Aren’t Interested In ‘Disrupting’ Biglaw
(DBN)

What Killed Greenberg Traurig's U.K. Merger
(DBN)

ATL March Madness: And Then There Were 16 Law School Scandals
(DBN)

Weaker Earnings for Top Firms Despite Record M&A
(DBN)

Litigation Boutique May Be Disqualified for “Egregious” Conflict
(DBN)

A Software Glitch Leads To A Reprimand For Bankruptcy Attorney
(DBN)

This LSAT Hack Is Also A Life Lesson
(DBN)

Displaced Lawyers Who Can't Find Work - There's correlation between high grades and workplace failure
(DBN)

LCCA sets standard for cloud computing in legal industry
(DBN)

Bankruptcy Lawyer: 1 Simple Change That Can Increase Happiness
(DBN)

The new iPhone is here The new small iPhone SE
(DBN)

15 things you didn't know your iPhone headphones could do
(DBN)

Survey Reveals Role of Procurement in “High-End” Legal Services Market
(DBN)

Texas A&M Law School Shrinks Entering Class By 42% (To 140), Vaults 38 Spots (To #111) In U.S. News Rankings
(DBN)

12 Big Trends Facing the Legal Media, PR and the Business of Law
(DBN)

Which law schools charge the most and least?
(DBN)

4 simple phrases that instantly earn people's trust
(DBN)

Baptist pastor sentenced to 50 years for hiring mistress and her husband to set his wife on fire
(DBN)

Crying 6-year-old put in handcuffs under school’s stairs for taking candy off teacher’s desk
(DBN)

Hulk Hogan's $115M Gawker Verdict Comes With A Bonus
(DBN)

Retired Pennsylvania trooper who police say killed 2 filed for bankruptcy in 2015
(DBN)

Patriots owner Robert Kraft wrote Roger Goodell a letter asking him to reduce the punishment for Deflategate
(DBN)

Supreme Court rules that stun guns are protected by the 2nd Amendment
(DBN)

With latest $22K sanction, attorney’s total for case tops $166K
(DBN)

Appeals Court: Looking Like a Rich American Isn’t Grounds for Asylum
(DBN)

Husband of disbarred lawyer sues her and her former clients over claimed real estate forgery
(DBN)

Drunken potential juror was entitled to lawyer in contempt hearing, top state court says
(DBN)

Lawyer, a Harvard law grad, gets house arrest after he is convicted of theft and barratry
(DBN)

Professor Resigns After Accusations Of Sleeping With Students
(DBN)

Lawyer’s suit seeks declaratory judgment that he shoved state treasurer in self-defense
(DBN)

Commemorative toilet roll tells of female struggle to enter legal profession due to lack of toilet facilities
(DBN)

Who Is The Man Behind The Kalamazoo Spree-Shooter’s $10 Million Uber Lawsuit Hoax?
(DBN)

A Former State Department Employee Is Going to Prison for Twisted Sorority-Girl Scheme
(DBN)

iPhone Hearing Canceled as FBI Tests Hack Without Apple's Help An 'outside party' may have shown the FBI how to crack iPhones
(DBN)

TSA Seizes 70 Lbs. of Coke, Attendant Flees
(DBN)

Will $115M verdict for Hulk Hogan survive appeal? Sorry, Hulk Hogan, the First Amendment Is on Gawker's Side Jury awards Hulk Hogan $25 million in punitive damages
(DBN)

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Judges:

John Roberts Criticized Politicization Of Supreme Court Confirmation Process, Before There Was a Vacancy
(DBN)

2016 Election is ‘Judgment Day’ for Federal Bench
(DBN)

Supreme Court Flip-Flops
(DBN)

Republican senators skipping recess to block Obama Supreme Court appointment
(DBN)

Chief Justice Roberts to Senate: Stop It!
(DBN)

On Supreme Court , Republicans can't keep their story straight
(DBN)

Merrick Garland Is The Right Man For The Job, But Not The Job You’re Thinking Of
(DBN)

Questionnaire respondents split on Garland as nominee
(DBN)

Poll: Senate should consider Supreme Court nominee
(DBN)

Man with rifle case, but no gun, outside courthouse gets 210 days for obstruction, resisting arrest
(DBN)

Federal judge tells law firms their motion is a ‘monumental waste of resources’
(DBN)

Proof That Being A SCOTUS Clerk Helps Your Career Prospects
(DBN)

______________

Wall Street:

Markets assess new risks as blasts rock Brussels; at least 21 reported dead
(DBN)

Stocks Close Modestly Higher Following Choppy Trading Day Wall Street ends flat as recent rally spurs caution
(DBN)

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Layoffs:

300 Nabisco Layoffs Start Today
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Politics:

The great unsettling
(DBN)

'Trump is a loser': Elizabeth Warren tweetstorms against Donald Trump Donald Trump swings in all directions as he tries to fight back against Elizabeth Warren Donald Trump Tries to Convince Washington That He's Presidential Material Fear and loathing in Trumpland George Will shreds Trump’s new Republican Party Donald Trump finally reveals foreign-policy advisers The Most Absurd Parts of Donald Trump's Interview with the Washington Post Editorial Board Judge asks Obama administration to shield criminal history of Donald Trump associate Trump will trigger ‘global growth scare,’ Gundlach says What Trump’s taxes could tell us about the candidate The New Yorker's latest cover hilariously mocks Donald Trump's hands Now the Anti-Trump Ads are Getting Nasty
(DBN)

John Oliver: All Of The Legal, Economic, And Practical Problems With Donald Trump’s Wall
(DBN)

Ted Cruz Declines Opportunity to Disavow Foreign Policy Advisor's Belief That President Obama Is a Secret Muslim
(DBN)

The Global Rise of ‘Us vs. Them’ Politics
(DBN)

RNC chairman ready for convention fight over Trump
(DBN)

Study: Presidential Candidates Speak From Seventh To Tenth Grade Level
(DBN)

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Fraud:

Firms Fudging Numbers Most Since Meltdown
(DBN)

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Economy:

Chicago Fed: "Index shows economic growth slowed in February"
(DBN)

Lockhart Says Economy Supports Fed Rate Hike As Soon As April
(DBN)

The biggest threat to American workers is slowly starting to go away
(DBN)

Immigrants started half of U.S. $1 billion companies, study says
(DBN)

The Time and Place for ‘Helicopter Money’
(DBN)

Housing: Potential Economic Warning Sign
(DBN)

US Debt Clock
(DBN

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Previously Owned U.S. Home Sales Decline More Than Forecast Existing Home Sales decreased in February to 5.08 million SAAR US existing home sales tumble in warning sign for housing market Comments on February Existing Home Sales Inventory shortages, affordability concerns crush existing-home sales
(DBN)

Legal Issues Associated with Selling & Purchasing Failed Residential Subdivisions in Florida
(DBN)

'Zombie mortgages' still haunt evicted home owners in Cleveland
(DBN)

Lenders quoting 30yr fixed rates of 3.75%
(DBN)

The next housing crisis is here
(DBN)

America's vanishing housing supply in one chart
(DBN)

More young people are buying homes in Boston than anywhere else in the US
(DBN)

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Municipalities:

Rauner Still Pushing CPS Bankruptcy ... But Won't Come Out And Say It
(DBN)

As Cuba Rises, Puerto Rico Falls
(DBN)

Supreme Court to hear arguments regarding Puerto Rico bankruptcy today Puerto Rico takes restructuring law to U.S. high court
(DBN)

Puerto Rico May Redirect Sales-Tax Cash in Fiscal 2017, S&P Says
(DBN)

Atlantic City mayor: City government will shut down within 3 weeks Atlantic City Mayor Warns of Shutdown Amid Push for State Rescue
(DBN)

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Oil/Gas:

Ride to the Bottom: U.S. energy workers hit hard by company stock bets
(DBN)

Mon.: US oil ends at $39.91, up 47 cents, or 1.19 pct
(DBN)

Kilduff: Forget $40 Oil It's Back to $25
(DBN)

Gas prices are increasing to top $2 a gallon, here's why
(DBN)

US rig count drops 4 last week to all-time low of 476
(DBN)

Does a $5 price change affect oil companies ?
(DBN)

S&P: Oil & Gas Cos. Lead the Way in Potential U.S. Credit Downgrades
(DBN)

Debt fears flare up
(DBN)

Bondholders suffer $150bn oil price hit
(DBN)

The world's largest oil driller just gave a very bearish presentation on the future of the industry
(DBN)

A Massive Funding Source Emerges In Oil And Gas
(DBN)

BP Prudhoe Bay Royalty Trust ‘Dying’
(DBN)

The oil crash is almost over
(DBN)

Big Oil moves to drill in Brazil despite crisis
(DBN)

Oil market speculators profit as central banks hand out free cash
(DBN)

Terra Energy Corp. announces shut-in of production, cessation of operations and resignation of directors and officers
(DBN)

Canada's Pacific Exploration delays interest payment
(DBN)

MLPs: Risk-On Rally Resumes
(DBN)

Schlumberger chief: Oil services crisis isn't just oil prices
(DBN)

Schlumberger Expects 1Q Revenue To Fall 15% From 4Q
(DBN)

Natural gas prices — vaporized
(DBN)

Struggling US Oil, Gas Companies Consider Using 1.5 Lien Debt
(DBN)

Court orders winding up of Morocco oil refinery Morocco's sole oil refinery ordered shut
(DBN)

Petrobras just reported its biggest-ever quarterly loss
(DBN)

Oil Giant to Lose AAA Credit Rating
(DBN)

HSBC Said to Take Loss on Irish Oil Minnow Loan as Pain Hits
(DBN)

____________

Newspapers:

Digital First purchase of OC Register parent approved by bankruptcy judge Tribune Loses Out on Local Newspaper Deal Over Antitrust Issues
(DBN)

Hulk Hogan may win more money from Gawker, bankrupt the site
(DBN)

____________

Tech:

Jumio Files for Bankruptcy, Plans Sale to Facebook Co-Founder Petition
(DBN)

____________

Coal:

Illinois asks Peabody Energy for info on future cleanup costs
(DBN)

The Violent Remaking of Appalachia
(DBN)

Banks back away from the coal industry
(DBN)

Coal stockpiles grow to highest level in at least 25 years
(DBN)

Arch Coal paid execs $8M in bonuses on eve of bankruptcy
(DBN)

____________

Shipping:

HMM applies for self-rescue deal
(DBN)

John Paulson Increases Stake in Company He Backed in Bankruptcy
(DBN)

____________

Healthcare:

Michigan hospital works to emerge from bankruptcy
(DBN)

American Hospice Management Files Chapter 11 New Delaware Chapter 11 Filing - American Hospice Management Holdings First Day Dec
(DBN)

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Student Debt:

Department of Education: Student Loan Repayment Improves
(DBN)

____________

Banking:

Deutsche Bank at Risk of Moody's Cut on Struggle to Overhaul
(DBN)

____________

Autos:

This Is What's Going On Beneath the Subprime Auto-Loan Turmoil
(DBN)

____________

Personal Finance:

Even if you’ve got money, live like you’re broke
(DBN)

35 things to do for your career by 35
(DBN)

22 things you should definitely do the next time you book a hotel if you want to score the best deals 9 ways you can spot the best hotel room when booking online
(DBN)

5 simple etiquette habits that help the rich get ahead, according to a man who spent 5 years studying millionaires
(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 (22 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (10 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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SCOTUS:

SCOTUS Denies Cert In Challenge To Equitable Mootness Docket 3rd Cir. Opinion Summary
(DBN)

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Professional Compensation:

Delaware Judges Double Down on the Boomerang Ruling Solidifying it as the Law of Delaware
(DBN)

ASARCO Update: Fee Premium Disallowed Under Baker Botts v. ASARCO and Boomerang Tube
(DBN)

____________

Intercreditor:

Delaware Bankruptcy Court Rules TCEH First Lien Distributions Are Governed by the Bankruptcy Code, Not by Intercreditor Agreement Waterfall
(DBN)

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Avoidance Actions:

Seventh Circuit Holds That Termination of a Commercial Lease Prior to Tenant’s Bankruptcy May be an “Avoidable Transfer”
(DBN)

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Consignment:

Sports Authority - Consignment Actions Have Begun
(DBN)

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Mediation:

Proactive Mediation: The Great Innovation of Detroit and Diocese Reorganizations
(DBN)

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Derivatives:

Credit Default Swaps Make Restructuring More Difficult
(DBN)

____________

Mining:

U.S. Mining Losses Last Year Wipe Out Profits From Past Eight Years
(DBN)

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Insurance:

Genworth Schools Bondholders In Long Term Care Costs Genworth Rallies After Bondholders Avoid `Devastating Risk'
(DBN)

____________

Gambling:

DraftKings, FanDuel agree to stop accepting bets in New York DraftKings challenges AG's opinion in Texas
(DBN)

____________

Pharma:

Valeant Admits To 'Improper' Conduct, Ousts CEO And Could Break Up Schiller May Be Forced to Pay Back Valeant Up to $26.1 Million Valeant's ‘Circular Firing Squad’ Claims CEO Pearson Valeant Sold Some Drugs Twice Valeant: Pearson Is Out, Ackman Is In, Controversy Continues Valeant Could Have Trouble Getting Clean Opinion From Auditor Valeant’s Focus Shifts to Talks With Debtholders Why Valeant Could Approach Zero, And Why It Matters To All Investors Valeant Pharmaceuticals CEO Pearson: I Promise We Won't Go Bankrupt
(DBN)

____________

Lehman:

Looking Back at Lehman's Collapse With the Woman Who Fell Farthest
(DBN)

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Alternative Energy:

Blue Earth to Restructure Through Chapter 11
(DBN)

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Awards:

Marc Abrams Elected to American College of Bankruptcy’s Board of Directors
(DBN)

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Celebs:

'Real Housewives' Joe Giudice set to report to prison Wednesday
(DBN)

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Retailing:

Aeropostale: Situation More Desperate By The Day
(DBN)

Karmaloop gets acquired by California footwear retailer
(DBN)

Tween and teen retailers remain financially vulnerable
(DBN)

____________

Religion:

Gallup Diocese Files Plan to Compensate Abuse Victims
(DBN)

$21 million settlement announced in Diocese of Gallup bankruptcy
(DBN)

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Electricity:

PUC signals it will greenlight Hunt group's purchase of Oncor
(DBN)

____________

Distressed Investing:

Investors sense buying opportunity after sell-off in US risk debt
(DBN)

Distressed Assets in Connecticut: What to Know Before Jumping In
(DBN)

Hirtle Callaghan Seeks Up to Five Distressed Funds
(DBN)

____________

Sovereigns:

Holdouts: Senate to hear expert opinions
(DBN)

The Political Economy of Argentina's Settlement With the Vulture Funds
(DBN)

____________

UK:

There's a huge unanswered question in the collapse of Powa Technologies — where did the money go?
(DBN)

"There can sometimes be good forum shopping "
(DBN)

BOE Says 700,000 Households May Be in `Danger Zone' on Mortgages
(DBN)

____________

EU:

Five countries are seen breaching EU deficit rule this year
(DBN)

Composition and Pre-insolvency Procedures in Europe – All Change?
(DBN)

EU on lockdown after Brussels rocked by three explosions Terrorism: 'What we feared has happened' UKIP defense spokesman blames the EU for Brussels bombing Brussels Attacks: the key pictures and videos
(DBN)

____________

PIIGS:

Schaeuble Says Don't Let Greek Review Founder on Pension Impasse
(DBN)

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Canada:

Danier Leather Makes Assignment in Bankruptcy; Receiver Appointed and Directors Resign
(DBN)

Raging River CEO Covets Troubled Canadian Rival's Light Oil
(DBN)

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China:

A Deep Dive Into Chinese Markets, Credit and Debt
(DBN)

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Australia:

Men more likely to go bankrupt than women
(DBN)

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