May 9, 2016

The Daily Bankruptcy News

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Law:

Will Kaye Scholer and Arnold & Porter Do the Dance?
(DBN)

Buchanan Ingersoll is on the Hunt for a Merger
(DBN)

Pay Raise Watch: A Biglaw Firm Moves To Market Across America
(DBN)

Former Dewey leader wants to proceed pro se as retrial of his criminal case looms
(DBN)

AI Pioneer ROSS Intelligence Lands Its First Big Law Clients
(DBN)

Small Firms Look to Attract Middle Class With Flat Rates
(DBN)

U.S. Legal Sector Loses 1,500 Jobs in April Labor report finds decline in legal industry jobs
(DBN)

The Hot New Location For Biglaw?
(DBN)

Top barrister slams 'delicate Oxford flowers' as uni's law faculty gives 'trigger warnings' before lectures about violent cases
(DBN)

Money Matters: 2016 Millennial Lawyer Survey Results
(DBN)

Chicago law firm faces class-action over data security
(DBN)

‘John Doe’ says he leaked law firm’s Panama Papers to show why income inequality is a big problem Source of Panama Leak Offers Authorities Help in Prosecutions Panel: Panama Papers May Spur Global Financial Transparency
(DBN)

New Treasury Dept. rule requires banks to identify owners of shell companies that open accounts Obama's Disclosure Rule for Shell Companies Weak, Advocates Say
(DBN)

Former law student accused of tampering with verdict slip was involved in many suits, newspaper says
(DBN)

Why the share price of publicly-listed law firm Slater & Gordon is getting slammed
(DBN)

Lawyer who fraudulently inserted client names in asbestos cases gets two years in federal prison
(DBN)

Freshfields boosts newly qualified pay by over a quarter to £85,000
(DBN)

25 Things All Young Lawyers Should Know In Order To Not Screw Up Their Legal Careers
(DBN)

A Trial Lawyer Isn’t Always On Trial, But Is Always Writing
(DBN)

Job Outlook Looking Up For Lower-Tier NYC Schools
(DBN)

ABA Re-Opens Alternative Business Structures Debate ABA revisits non-lawyer owner debate
(DBN)

Bankruptcy Lawyer's Age Bias Suit Over Lifeguard Swimwear Is Revived
(DBN)

In Law, Women Need to Help Other Women
(DBN)

Big Law Partner to Sing National Anthem at Cavs, Hawks Game
(DBN)

Lawyer Charged in $245 Million Fraud Wants to Defend Himself
(DBN)

Ersatz Lawyer Facing Charges Never Left A Good Impression On Adversaries
(DBN)

‘Testilying’ by police on stand is rarely punished, Chicago Tribune reports
(DBN)

It Takes Practice To Play A Convincing Lawyer On TV
(DBN)

The Criminalization of a High-School Dare
(DBN)

The Good Clothes
(DBN)

Man applies for restraining order against God
(DBN)

Paterno's Legacy: More Accusers Come Forward Did 6 Penn State Coaches Witness Abuse?
(DBN)

Lucky 33: Weil Scores a Bankruptcy Hat Trick
(DBN)

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Judges:

Justice Clarence Thomas Recalls Lessons from Rural South Georgia
(DBN)

Justice Thomas Crashes a Bankruptcy Breakout Session
(DBN)

Roy Moore's Last Stand?
(DBN)

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Wall Street:

US stock futures lower; global shares mixed
(DBN)

Stocks Shake off Earlier Loss to Close Higher
(DBN)

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Layoffs:

Columbus Castings lays off more than 150 as it seeks buyers
(DBN)

General Electric Planning 100 Job Cuts in Connecticut
(DBN)

Murphy Oil announces first quarter loss, 250 layoffs
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Autos:

Elon Musk is setting himself up for an epic failure
(DBN)

Tesla, GM Will be Bankrupt in 10 Years
(DBN)

Self Driving Cars in 5 Years 10 Million Self Driving Cars by 2020?
(DBN)

Takata shares crash again: Will the airbag maker go bankrupt ?
(DBN)

____________

Food/Beverage:

No Longer a Market Like No Other, Fairway Fades
(DBN)

The Lessons From Fairway's Fall From Grace
(DBN)

What Fairway's Bankruptcy Means For Whole Foods Market
(DBN)

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Alternative Energy:

Why TerraForm Global Inc's Shares Popped 22% in April Donald Trump sets a new record for economic recklessness
(DBN)

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Gambling:

Caesars Entertainment Corp hires new restructuring officer; Warns of Chapter 11 Caesars hires former bankruptcy judge as restructuring officer Caesars Names Restructuring Chief as Legal Bills Mount
(DBN)

Workers are losing ground as Atlantic City casinos struggle Union workers protest outside Tropicana casino
(DBN)

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Retailing:

Teen retail as we know it is dying Teen retailers are caught in a 'perfect bankruptcy storm'
(DBN)

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Aviation:

Republic seeks to escape bankruptcy with Delta deal
(DBN)

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Education:

Apollo Education Holders Approve Bid From Apollo Global
(DBN)

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Student Debt:

Student debt on the rise in 2016
(DBN)

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Awards:

The Lawyer Awards: 2016 shortlist revealed
(DBN)

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Religion:

In Minnesota, 100s take opportunity to sue over abuse
(DBN)

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Tech:

Jumio Wins Court Approval of Sale to Centana
(DBN)

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Debt Collection:

Debt Collectors: Remember Opposing Counsel is Not Competent
(DBN)

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Economy:

US jobs growth slows down in April
(DBN)

Consumer Borrowing in U.S. Increases at Fastest Pace Since 2001
(DBN)

Merrill on Fed: "See you in September"
(DBN)

Trump's proposal to bring down U.S. debt would send rates soaring Trump just exposed America's dirty little secret Donald Trump's Glorious Threat To Default On The National Debt To Manage National Debt, Will Donald Trump Lean on the Fed? Trump's Comments on U.S. Debt Seen as Non-Starter by Bond Market Trump plan for U.S. bankruptcy startles experts
(DBN)

Trump: Rich will 'probably pay more tax' if I'm president
(DBN)

Two centuries of U.S. immigration in one mesmerizing graphic
(DBN)

Americans Facing Poverty with No Name
(DBN)

The Anger of the America People
(DBN)

Private Jet Sales Fall the Most Since 2011
(DBN)

Public and Private Sector Payroll Jobs: Carter, Reagan, Bush, Clinton, Bush, Obama
(DBN)

US Debt Clock
(DBN

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Housing market on the verge of another crisis?
(DBN)

Q1 Home Builder Results
(DBN)

MBA: Mortgage credit availability tightens in April
(DBN)

Obama’s last act is to force suburbs to be less white and less wealthy
(DBN)

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Municipalities:

Prieto’s clout takes a hit in showdown on Atlantic City
(DBN)

'Financial reality is not negotiable': Puerto Rico bankruptcy could send dangerous signal to states
(DBN)

Puerto Rico Says Economy to Contract for Fifth Straight Year
(DBN)

Donald Trump won't bail out Puerto Rico Trump becomes Puerto Rico wild card Trump thinks U.S. can renegotiate debt, make creditors take less. And that rainbow unicorns are real
(DBN)

Is legislation backed by Paul Ryan to help debt-ridden Puerto Rico a 'bailout'?
(DBN)

What You Should Know About Puerto Rico's Debt Crisis
(DBN)

Treasury Secretary heads to Puerto Rico to pressure Congress Puerto Rico at sea with US Congress over financial bailout
(DBN)

Puerto Rico's Hamiltonian moment
(DBN)

Puerto Rico Needs Restructuring, Not A Bail-Out
(DBN)

Puerto Rico Governor Warns of More Defaults
(DBN)

Puerto Rico , a US tax haven in tatters
(DBN)

Lessons from Puerto Rico's debt 'death spiral'
(DBN)

East Cleveland asks state to OK bankruptcy petition
(DBN)

All-round responsibility for the mess in California
(DBN)

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Oil/Gas:

Oilfield Services Bankruptcy Tracker
(DBN)

Burst Again: Sabine Bankruptcy Court Issues Binding Ruling Finding No Covenants Running with Land
(DBN)

Major Banks Shrug Off Concerns Of Bad Energy Debt
(DBN)

How Debt Links Energy And The Economy
(DBN)

Oil prices rise after China crude imports soar The oil price rally could be 'sowing seeds of its own destruction' Oil Prices Buoyed As Global Supply Outages Accumulate
(DBN)

Rig count falls by four as slowdown continues Oil Drillers Dig for the Bottom for Rig Counts
(DBN)

World's Largest Shipper Preparing for Oil Drop
(DBN)

Beleaguered Chesapeake to Sell Off More Assets to Reduce $9B Debt
(DBN)

The Most Recent Bakken Update Shows A Continued Decrease In U.S. Oil Production
(DBN)

Saudi Shift Brings Uncertainty in Oil We could be in for an even wilder ride on oil prices now that a millennial Saudi prince is in charge A prince, an oil kingdom and hopes of change What the departure of Saudi Arabia’s al-Naimi means for oil prices What the Saudi reshuffle REALLY means Economic Pain on Saudi Post-Oil Path to Test Rulers' Resolve
(DBN)

Weatherford falls most ever as investors doubt growth plans
(DBN)

Canada getting handle on Alberta wildfire, no restart yet for oil operations BP Declares Force Majeure on Canadian Crude Amid Wildfire Syncrude Says Alberta Oil Sands Mine Shut Down Because of Wildfire
(DBN)

It’s Not Looking Good For Canadian LNG
(DBN)

Nigerian production falls to 20-year low
(DBN)

Newest Refinery in U.S. Could Fall to Low Oil Prices
(DBN)

____________

Coal:

Arch Coal files restructuring plan, but questions on self-bonding remain
(DBN)

Pressure grows to ditch coal stocks
(DBN)

Coal industry is sinking
(DBN)

Coal May Survive, But Its Profitability Is Dead Coal May Survive, But Its Profitability Is Dead
(DBN)

Could China And India Save The Beleaguered Coal Markets?
(DBN)

Coal woes push Peabody Energy to brink Peabody's Australian mines sag ahead of collapse
(DBN)

Moody’s: Outlook remains negative for coal industry
(DBN)

____________

Politics:

Elizabeth Warren Finally, Actually, Really Tears Donald Trump Apart Donald Trump: 'I'm the king of debt' To Raise $1 Billion, Trump Will Need Donors Big and Small Donald Trump Says His Muslim Ban Will Help the U.S. Make Muslim Friends Fact-checking Donald Trump on 'Meet the Press' Where Republicans Stand on Donald Trump: A Cheat Sheet Donald Trump’s plan for the economy: Let’s copy Greece Donald Trump, Chameleon Extraordinaire Lindsey Graham: Never Trump Trump: Majority of GOP Insiders Won't Commit Donald Trump's Economic Plans Would Destroy the U.S. Economy
(DBN)

Conservatives in Congress Won't Stand for a Caesar
(DBN)

G.O.P. Unravels as Party Faces Trump Takeover
(DBN)

Hillary Clinton reaps donations from Wall Street From Whitewater to Benghazi: A Clinton-Scandal Primer Decision Time for FBI Over Clinton's Email
(DBN)

Hearst and The Real Birth of "America First"
(DBN)

Mary Matalin Leaves the Republican Party
(DBN)

Distressed Atlantic City Backdrop for Sanders Anti-Poverty Stage
(DBN)

____________

Personal Finance:

Dumb money choices you'll always regret
(DBN)

____________

Pensions:

American Samoa Retirement Fund may be bankrupt in 2040
(DBN)

____________

Celebs:

Former UK star Richie Farmer files for bankruptcy
(DBN)

More Financial Scandals! 'Dance Moms' Mini Team Member Filed For Bankruptcy
(DBN)

____________

Travel:

How airport travelers left TSA a tip of more than $765K last year
(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 (42 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (13 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:

US commercial bankruptcies skyrocketing
(DBN)

______________

Preemption:

Court holds that Bankruptcy Code pre-empts state laws invoked by creditors to avoid LBO payments
(DBN)

____________

Miscellaneous:

The Week Ahead
(DBN)

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TIA:

Lawyers Seek Strength in Numbers in Restructuring Debate
(DBN)

____________

Venue:

Toto, We Are Staying in Kansas: Bankruptcy Court Declines to Transfer Related Case to Delaware
(DBN)

____________

Avoidance Actions:

Making Fraudulent Transfer Law More Predictable
(DBN)

____________

Stays:

Seventh Circuit Rules on Authority to Temporarily Stay Non-Debtor Litigation
(DBN)

____________

TBTF:

US Federal Deposit Insurance Corporation Chairman Gruenberg Discusses Resolution of Systemically Important Financial Institutions
(DBN)

Developing a New Resolution Regime for Failed Systemically Important Financial Institutions: An Assessment of the Orderly Liquidation Authority
(DBN)

____________

Fraud:

Investors file second class action against law firm for alleged role in Stanford Ponzi scheme
(DBN)

The founder of a bank that reportedly laundered more than $6 billion has been sentenced to 20 years in prison
(DBN)

Utah man formally charged with operating $28m real estate Ponzi scheme
(DBN)

Panama Papers: More Than Just Tax Cheats
(DBN)

____________

Engineering:

Heyl & Patterson files Chapter 11
(DBN)

____________

Telecoms:

Nortel Bondholders Rebuffed in Court
(DBN)

Nortel Survives (First?) Appeal -- Canadian Edition
(DBN)

____________

Sovereigns:

Donald Trump and the sovereign debt restructuring mechanism revisited
(DBN)

____________

UK:

Third bankruptcy of BHS buyer revealed Man who bought now-collapsed High Street chain BHS for just £1 'had been declared bankrupt THREE times'
(DBN)

UK lawmaker appoints Philip Green's former foes to help in BHS probe
(DBN)

Insolvency Service will 'spare Green', former owner of BHS
(DBN)

BHS pension deficit was on regulator’s radar when Green sold up
(DBN)

Care-home providers push for help as fear of closures mount
(DBN)

Voters Give No Sign of 'Brexit' Revolution
(DBN)

____________

PIIGS:

Amid protests, Greece’s parliament passes austerity measures Greece Passes Austerity Measures as Creditors Remain Deadlocked Over Bailout Terms Greeks go cap in hand to creditors
(DBN)

The IMF Is Right About Greece
(DBN)

____________

Canada:

Alberta Wildfires Expected to Double In Size and Burn for Months
(DBN)

‘Extreme’ Fire Guts Canadian Town’s Future
(DBN)

Ravaged by Fire and Oil Bust: Fort McMurray Wonders What's Next
(DBN)

Consumers Keep Canada Economy Afloat as Oil Damage Persists
(DBN)

____________

India:

India takes steps to overhaul creaking bankruptcy code Bankruptcy Code positive for financial sector reform: Nomura The Bankruptcy Bill improves protection for blue-collar employees India Gets Something Absolutely Right: The New Bankruptcy Code
(DBN)

'Clubbing creditors could lead to unintended consequences'
(DBN)

Why India's new bankruptcy code may not fix its broken banks overnight
(DBN)

____________

China:

Chinese markets drop on signs of shift in Beijing’s easing
(DBN)

China’s debt problem is bigger than you think
(DBN)

China continues to add to global glut in manufacturing
(DBN)

China's exports unexpectedly fall on weak demand
(DBN)

Goldman Sachs: Time to cut exposure to China property
(DBN)

China Will Probably Implode
(DBN)

____________

Germany:

German manufacturing orders surge in March
(DBN)

____________

Sri Lanka:

Debt-laden Sri Lanka to curb high life for officials
(DBN)

____________

Singapore:

Retail sector's cash flow tightens as creditors demand prompt payment
(DBN)

____________

Mexico:

Homex Sinks to 12-Year Low as Mexican Builder Says SEC May Act
(DBN)

____________

Malaysia:

1MDB to Reach Out to Dollar Bondholders on Payment Default
(DBN)

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