May 13, 2016

The Daily Bankruptcy News

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Law:

A law firm has hired an AI “lawyer” to cut through the drudgery of bankruptcy law BakerHostetler Hires A.I. Lawyer, Ushers In The Legal Apocalypse Robot lawyer scores first firm job The future of the legal system: Artificial intelligence
(DBN)

Ballard Spahr Expands Los Angeles Office with New Real Estate Bankruptcy Partners
(DBN)

Kirkland's Quest for All the Energy Bankruptcies Continues
(DBN)

Citi Report: Law Firm Revenues Surged in First Quarter Law Firm Revenues and Hourly Rates Surging
(DBN)

Billing $2K an Hour? Study Says Clients Will Pay If Lawyers Deliver
(DBN)

Layoff Watch: Biglaw Firm To Slash Up To 200 Jobs — And Possibly More DLA Piper says UK staff cuts won’t be repeated in US DLA Piper - Announced/Unannounced Layoffs
(DBN)

Reinventing The Law Business: 2 Ethical Traps For Even The Wary
(DBN)

These Law Departments Do It Better, Faster, Cheaper
(DBN)

Urban Confessional Project - Can it save lawyers' lives?
(DBN)

Would you be sent home from a law firm for refusing to wear high heels?
(DBN)

Dickstein Shapiro Skirts NYC Office Lawsuit
(DBN)

Huge pay rises at Freshfields
(DBN)

George Mason Law Faculty Unanimously Supports Naming Law School After Justice Scalia For $30 Million
(DBN)

The Small Uptick In The Quantity And Quality Of The Law School Class Of 2019
(DBN)

Panama Papers bubble chart shows lawyers are among most mentioned in document leak database
(DBN)

Ex-Bryan Cave associate gets probation in partner death threat
(DBN)

Nearly 500 startup companies offer tech solutions to legal industry
(DBN)

Overcoming fixedness: How thinking ‘inside the box’ can drive innovation
(DBN)

If You're Not at the Table, You're on the Menu
(DBN)

Law Firms Look for Lessons and Clients in Panama Papers Leak
(DBN)

One Trick That In-House Lawyers Can Use To Improve Team Morale
(DBN)

Abe Lincoln On Why Law Firm Partnership Ain’t All It’s Cracked Up To Be
(DBN)

‘The Real Job’ Of Working In A Small Law Firm
(DBN)

Law Students Suffer From High Rates Of Depression And Binge Drinking
(DBN)

Baker & McKenzie lawyer resigns after harassment investigation
(DBN)

How Much Would You Pay For The Very Best Lawyer?
(DBN)

Professional Hairstyles: Do Ponytails Count?
(DBN)

A master networker explains how a Wharton professor inspired him to change the way he formed relationships
(DBN)

George Zimmerman tried to auction off the gun he used to kill George Zimmerman Exists To Reveal The Ultimate Futility Of Society’s Laws Trayvon Martin. Really. Gun that killed Trayvon Martin being sold to fund anti-Clinton campaign GunBroker.com Shuts Down George Zimmerman's Auction Zimmerman re-lists Trayvon Martin gun at auction after first post removed
(DBN)

'Affluenza' teen loses appeal — will spend nearly 2 years in jail
(DBN)

Lawyer fined for telling woman to dance "c----- to c-----"
(DBN)

State and county to pay $4.1M to innocent couple listed for years on abuse registry
(DBN)

Know what IP stands for? Then you’re ahead of a ‘Jeopardy’ contestant in recent show focused on law
(DBN)

Lawyer with reality star wife will have to produce net worth documents
(DBN)

When (Fictional) Lawyers Go Evil
(DBN)

Insider: Saudis Supported 9/11 Hijackers FBI Has 80,000 Secret Files on Saudis and 9/11
(DBN)

Firm offers private jet service
(DBN)

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Judges:

Reprimand and apology sought from judge who emailed public defenders, insulted prosecutor
(DBN)

9th Circuit removes judge who slashed attorney fees from BarBri antitrust class action
(DBN)

Defendant alleges he used drugs with federal judge’s relatives; 6th Circuit tosses judge from case
(DBN)

Consequences of an Eight-Member Supreme Court, So Far
(DBN)

Judge May Have Traded Sentences for Sex
(DBN)

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Wall Street:

US Stock Futures Pare Losses After Retail Sales
(DBN)

Stocks close mostly lower with Apple at lowest since 2014
(DBN)

Pressure builds for U.S. stocks as oil falls, retail sales loom
(DBN)

Banks lose $300 million in fees as broken deals set record
(DBN)

Wall Street’s Dealmaking Goes From Boom to Bust in a Few Months
(DBN)

Apple just sent up another red flag for stocks
(DBN)

Jefferies restructuring banker Klein to join Miller Buckfire
(DBN)

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Layoffs:

 

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Bankruptcy Crimes:

Louisiana woman indicted in case tied to BP Deepwater Horizon Oil Spill
(DBN)

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Economy:

Jobless claims surge to 14-month high of 294000 Analysts blame Verizon strike
(DBN)

Yellen: Fed wouldn’t rule out negative rates
(DBN)

America's middle class is headed toward extinction Shrinking middle class transforming communities nationwide, new study says Middle class shrinks in 9 of 10 US cities as incomes fall In nine US states, middle-income earners are no longer the majority Top 10 Cities Where Middle Class is Vanishing Pew: America’s Shrinking Middle Class
(DBN)

The Middle Class is Shrinking Everywhere
(DBN)

Wages Up, Profits Down: Winners and Losers of Higher Labor Costs
(DBN)

Elizabeth Warren and more than 100 House Democrats blast lack of diversity at the Fed
(DBN)

Banks Keep Lowering Their Forecasts for U.S. Government Bonds
(DBN)

U.S. Import Prices Rose For Second Straight Month in April
(DBN)

Stockman: The next president can't stop a recession
(DBN)

The earnings recession is over
(DBN)

Mauldin: Inflation Vastly Understated
(DBN)

CBO: Either Cut Spending or Raise Taxes
(DBN)

US Debt Clock
(DBN

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Where to buy a home in the US if you can't afford a big down payment
(DBN)

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Municipalities:

Top U.S. Democrat says Puerto Rico bill could come early as Thurs.
(DBN)

Don't let Puerto Rico declare bankruptcy
(DBN)

In Puerto Rican Debt Standoff, Proof of the Rising Clout of Minority Holdouts
(DBN)

Puerto Rico Is Not Pompeii. But ...
(DBN)

What East Cleveland bankruptcy could mean for a Cleveland merger, plus other aspects to consider
(DBN)

Atlantic City Casinos Doing Better Than City Gov’t
(DBN)

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Oil/Gas:

Oil at $45 a Barrel Proving No Savior as Bankruptcies Pile Up
(DBN)

Crude oil is near a 6-month high Thurs. AM: Oil Prices Give Up Gains Oil down on Cushing build worry, US crude off six-month high Oil futures turn lower on heightened worry about a boom in Iranian output Oil Prices Slip As Stronger Dollar Outweighs Bullish IEA Data
(DBN)

US decision rattles pipeline owners
(DBN)

Oil is not out of the woods yet: BNP Paribas commodities chief
(DBN)

Natural Gas Ticks Lower as Heavy Stockpiles Weigh on Market
(DBN)

Iran Hits Saudis Where It Hurts
(DBN)

Russia unlikely to take part in June OPEC meeting
(DBN)

Big Oil Gobbles Up Record Debt as Borrowing Costs Decline
(DBN)

Linn Energy Just Filed for Bankruptcy Linn, Penn Virginia Succumb to Bankruptcy Linn Energy seeks bankruptcy protection a year after closing Denver office Linn Energy Bankruptcy : Salvation For Equity Holders? Add Linn Energy and LinnCo to List of Bankrupt Energy Firms Oil Firm in Chapter 11 Despite Rising Prices Linn Energy Joins List of Oil Patch Bankruptcies The rise and fall of Linn Energy
(DBN)

Energy Company Penn Virginia Files For Bankruptcy Amid Oil Slump Penn Virginia, one of region's oldest businesses, files for bankruptcy Penn Virginia Corporation Files Voluntary Chapter 11 Petitions to Facilitate Restructuring With the Overwhelming Support of Its Funded Debt Holders Alvarez & Marsal Named Restructuring Advisor
(DBN)

Energy Sector Hit With Two More Big Bankruptcies
(DBN)

OPEC sees rival oil production declining as markets rebalance
(DBN)

Chesapeake says swapped debt for 4 pct of equity over past week
(DBN)

Oil Bust Blowback: Why Are The Boards Of Directors Still Here?
(DBN)

Enbridge says slowly resumes operations after Canadian wildfire
(DBN)

Obama Gas Rules Set Table For Wide Emissions Cut, If Trump Loses
(DBN)

North Dakota Oil Production Declining, But Slowly
(DBN)

Alberta Oil Camps Set for Staff Invasion as Production Returns
(DBN)

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Autos:

VW's emission-cheating scandal could hurt Audi's stunning story in the US
(DBN)

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Politics:

Emails Are Likely to Keep Complicating Hillary Clinton’s Campaign
(DBN)

In Break From Tradition, Donald Trump Rules Out Releasing Tax Returns Ahead of Election Donald Trump Meets With Paul Ryan, Other Republican Leaders For some Republicans, Trump presents a moral dilemma Why Trump Looks Eerily Familiar to Germans Donald Trump says he can’t release his tax records because of an audit. Mitt Romney calls b------- Paul Ryan inches yet further toward outright endorsing Trump Joint Trump, Ryan statement says there's 'opportunity' to unite party A Trump adviser's plan for a multitrillion-dollar budget surplus, explained Trump Foreign Policy Spurned by Veteran Republican Baker Donald Trump's former butler calls for Obama's death Trump Just Won’t Tell Republicans He's One of Them
(DBN)

Millionaire voters back Hillary over Trump When Donald Trump Lavished Praise on Hillary Clinton List: Every Horrible Thing Hillary Has Done
(DBN)

Elizabeth Warren Remains A Popular VP Pick — Even For Joe Biden Elizabeth Warren Slams Donald Trump as Unqualified to Be President Over Trump University
(DBN)

Bloomberg: GOP No Longer a Party of Business
(DBN)

Bernie Sanders is making Democrats look stupid
(DBN)

Texas GOP to Debate Secession
(DBN)

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Defaults:

S&P: Global Corporate Default Tally Climbs to 62 YTD; 5 Additions this Week
(DBN)

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Celebs:

Guess Who Wants to Be a Boy Again?
(DBN)

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Golf:

Country Club Members Are Bearing the Brunt of the Golf Recession
(DBN)

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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 (18 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)

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DIP Finance:

M&A With Too Little "M" Complicates Chapter 11 Financings
(DBN)

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Trustees:

Judge Upholds Suspension of Bankruptcy Trustee
(DBN)

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Automatic Stay:

Automatic Stay Releases Airplane Hostage and Shoots Down Landlord’s Administrative Expense
(DBN)

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Alternative Energy:

Are Subsidies Killing US Solar Companies?
(DBN)

SunEdison Yieldco Hit With Default Notice Over Late Financials
(DBN)

SunEdison CFO asked to leave
(DBN)

TerraForm Global’s Bondholders Issue Default Warning to Company
(DBN)

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Construction:

Recipe for a Project Bankruptcy: The Owner in Bankruptcy Through The Lens of the Construction Manager
(DBN)

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Retailing:

Retail recession? Why Kohl's miss was so huge
(DBN)

Nordstrom Shares Tumble on Slashed Annual Outlook, Weak 1Q Nordstrom falls 17% to 1-year low amid declining revenues, lower outlook
(DBN)

Kohl's, Nordstrom results deepen retail jitters
(DBN)

1 in 3 American malls are doomed: Retail consultant Jan Kniffen
(DBN)

Target CEO fires back at boycott threats
(DBN)

Retail wreck: See how retail stocks are reacting to disappointing sales
(DBN)

Bankrupt Aéropostale, Clothing Supplier Reach Settlement
(DBN)

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Education:

Education Management Corp. Seeks to Reverse Ruling Protecting Minority Bondholders
(DBN)

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Coal:

Arch Coal Plan Trims Unsecured Recoveries, but co. Sees More Talks
(DBN)

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Student Debt:

Student debt isn’t delaying millennials from buying homes
(DBN)

Elizabeth Warren presses the Education Department to rein in Navient Elizabeth Warren Nails the Difference Between Democrats and Republicans on Student Debt
(DBN)

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Sovereigns:

Oaktree’s Venezuela Bet Spurs Long-Running Dispute
(DBN)

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UK:

FTSE 100 erases gains to end lower as oil retreats
(DBN)

These 5 charts show why the Bank of England is so scared of Brexit
(DBN)

IMF says Brexit would lead to cycle of weak growth, hit house and share prices IMF confirms view 'Brexit' is major economic threat
(DBN)

All aboard the insolvency express
(DBN)

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PIIGS:

Greece's Creditors Disagree Over Ways to Ease Debt
(DBN)

Italy Growth Lags Below Euro-Area Average, With Record Debt
(DBN)

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India:

Solving India's Insolvency Mess Bankruptcy Code: Banks to gain, but not immediately Sensex up 193 points as investors nod bankruptcy bill India passes bankruptcy law in long-awaited reform Bankruptcy Code: Hard work begins now What does the Insolvency and Bankruptcy Code 2016 do? Why India's new bankruptcy law is good for businesses Bankruptcy bill as "game-changer" in reforms
(DBN)

Why Mallya must declare bankruptcy
(DBN)

India's bad loans could be more than New Zealand's $170 bn economy Skeletons in the closet: India bad loans getting messier
(DBN)

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Brazil:

Brazilian President Rousseff’s Downfall Was Years In the Making Dilma Rousseff’s impeachment: 11 facts about Brazil’s political crisis 3 revealing myths about Brazil's crisis
(DBN)

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Hong Kong:

Hong Kong economy shrinks in 1Q on global economic weakness
(DBN)

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Australia:

Corporate and Business Rescue in Australia: Insolvency Law Reform Process Continues
(DBN)

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Venezuela:

Venezuela is Falling Apart
(DBN)

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Brazil:

Brazil's Gol CEO says restructuring offer 'not negotiable'
(DBN)

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