November 30, 2016

The Daily Bankruptcy News

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Law:

Simpson Thacher Announces Bonuses
(DBN)

Associate Bonus Watch: It’s Raining Cold, Hard Cash At Debevoise
(DBN)

Associate Bonus Watch: Cleary Gottlieb
(DBN)

Associate Bonus Watch: Davis Polk To The Rescue?
(DBN)

Associate Bonus And New Partner Watch: Willkie Farr
(DBN)

Biglaw Bonuses Arrive At Boutique Firm
(DBN)

Associate Bonus Watch: Proskauer Matches — In Select Offices
(DBN)

Weil Matches Market Bonuses, But When Will They Get Paid?
(DBN)

How Will You Be Spending Your Biglaw Bonus?
(DBN)

Ghost of Heller Ehrman: Who Owns Unfinished Work at a Failed Law Firm?
(DBN)

Recent Law School Graduate Commits Suicide After Failing Bar Exam
(DBN)

Linklaters London restructuring partner to join Sidley
(DBN)

Sutherland and Eversheds confirm merger talks
(DBN)

Law schools expect applications to increase, but grads' job data shows decline
(DBN)

Big Law Firms Circle a Global Firm Under Stress
(DBN)

Wells Fargo Survey Sees Revenue Growth Masking Troubling Trends Here’s the State of the Legal Industry
(DBN)

Tech Itself is a Puzzle Within ‘Big Law’ Puzzle
(DBN)

Your body language during trial can be just as important as what you say
(DBN)

How to bring a more conversational style to your writing
(DBN)

Third Parties Leaking Email Addresses, Passwords From Leading Firms on Dark Web
(DBN)

Brooklyn Law School Sues Property Professor For Refusing To Vacate Rental Apartment After School's Sale Of Building To Developer
(DBN)

Prosecutors To Seek First Degree Murder Charge Against Katherine Magbanua In Grand Jury Proceedings In Dan Markel's Murder Magbanua indicted in Markel slaying
(DBN)

California considers general ethical ban on lawyer sex with clients
(DBN)

As Collections Loom, Firms Seek Investors to Spread the Risk
(DBN)

Lawyer Has No Regrets Over Disbarment Over Alleged Stun Gun Threats During Deposition
(DBN)

How Analytics in Trial Prep Can Give Lawyers the Upper Hand
(DBN)

Trial Lawyers – You’re Doing It Wrong
(DBN)

Dentons rides in to the rescue of beleaguered KWM Europe
(DBN)

Trump may have just set up his attorney general pick for more Democratic attacks
(DBN)

'Goliath' explores corporate power, BigLaw and human redemption
(DBN)

Woman Arrested After Alleged Bloody Vampire Experiment Goes Terribly Wrong
(DBN)

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Judges:

Fox host says Trump’s ‘new Supreme Court’ will let him strip citizenship for flag burning
(DBN)

Lock up or toss out the flag-burners? Trump tweet highlights a difference with Scalia
(DBN)

How far can criticism of judges go under ethics rules?
(DBN)

Former New York Judge Charged With Reducing Fine for Sexual Favors
(DBN)

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Wall Street:

U.S. stocks set to step higher as OPEC optimism grows
(DBN)

Stocks close higher as health care, real estate lead; oil tumbles 3.9% amid OPEC uncertainty
(DBN)

Trump market rally will end after inauguration, expert predicts
(DBN)

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Layoffs:

Plane maker Airbus plans 1100 job cuts
(DBN)

Intel reports 84 layoffs in California
(DBN)

Troy bracing for 90 layoffs
(DBN)

DreamWorks To Layoff 170
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Celebs:

Judge Checks Creditor In Face-Off Over NHL Player
(DBN)

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Autos:

Transtar Files for Chapter 11 Bankruptcy Protection
(DBN)

SEC Hammers Tesla Over Illegal Accounting Practices
(DBN)

Trader Tweets About Selling Takata Shares, Stock Slumps as Much as 8.8%
(DBN)

VW's Diesel Scandal Still Isn't Over
(DBN)

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Shipping:

Rickmers denies recent reports of vessel sale
(DBN)

Boa Offshore initiates financial restructuring
(DBN)

Dubai's Drydocks Said to Ask 80% Write-Off on $1.4 Billion Loan
(DBN)

Foreign shippers gain market shares after bankruptcy of Hanjin Shipping
(DBN)

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Asset Recovery:

Litigators, business crime lawyers, financial specialists and “private intelligence” experts from around the world have organized international networks in order to put a stop to the shenanigans of evasive debtors
(DBN)

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Distressed Investing:

MBIA Finds New Investment to Cover Zohar Losses
(DBN)

Zohar Funds Sue to Oust Lynn Tilton From Control of Businesses
(DBN)

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Sporting Goods:

Coliseum Capital in talks over potential Performance Sports deal
(DBN)

Sagard Should Scrap Performance Sports Bid, Former Chairman Says
(DBN)

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Fraud:

Stanford Loses Bid to Get High Court Review of Conviction
(DBN)

Several individuals allege they invested in Vermont ski resort Ponzi scheme
(DBN)

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Credit Counseling:

Debt Counsellor Files Bankruptcy Owes $100M Debt
(DBN)

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Student Debt:

Maryland’s Misguided Foray Into Student Loan Forgiveness
(DBN)

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Corporate Reform:

Trump Will End Bank Rules. No He Won’t. A Guide for the Puzzled
(DBN)

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Economy:

There's a long list of reasons people might not like Donald Trump's pick for Treasury Secretary Steven Mnuchin can expect to be grilled about his time as mortgage banker Before Politics, Steven Mnuchin Was Hollywood Player 'Our first priority is tax cuts'
(DBN)

Report: Trump Taps 'King of Bankruptcy' For Commerce Secretary Risk-takers Mnuchin, Ross poised for Trump cabinet posts Meet Wilbur Ross, Trump's expected commerce secretary pick Who Is Wilbur Ross? Donald Trump's Reported Commerce Secretary Is Yet Another Billionaire
(DBN)

Q3 GDP Revised Up to 3.2% Annual Rate
(DBN)

Here’s the verdict on that ‘terrible’ Obama economy
(DBN)

Consumer Confidence Jumps to 107 U.S. Economic Confidence Highest in Nine Years
(DBN)

Fitch Warns Populist Surge Will Damage Global Economy Trump's Roundtable of Billionaire Populists?
(DBN)

Germany Prepares for Trade Conflict with US
(DBN)

Trump Treasury Hopeful John Allison Wants To Replace Fed, Dodd-Frank With Copies Of ‘Atlas Shrugged’
(DBN)

Trump's massive economic plan is like 'taking a well-done steak and putting it on broil'
(DBN)

Trump is expected to announce deal to keep some Carrier manufacturing jobs from leaving the US Trump & Carrier Save Half of US Jobs
(DBN)

How the U.S. Could Kill the Corporate Tax
(DBN)

Here's how much surgeons, lawyers, and 18 other top-earning professionals make per hour
(DBN)

Why 25% of the working women in America are struggling financially
(DBN)

The fight for $15 an hour
(DBN)

U.S. Consumers Report Solid Black Friday Weekend Spending
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Home Prices Recover Ground Lost During Bust US Home Prices Surpass Prerecession Peak
(DBN)

Case-Shiller: National House Price Index increased 5.5% year-over-year in September
(DBN)

Freddie Mac: Mortgage Serious Delinquency rate increased slightly in October
(DBN)

Real Prices and Price-to-Rent Ratio in September
(DBN)

Payments on Commercial Mortgage-Backed Securities Loans Cannot be Avoided in Bankruptcy
(DBN)

Eleventh Circuit Decides Surrender Means Just That
(DBN)

Will interest rates price Millennials out of the housing market before they can even jump in?
(DBN)

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Municipalities:

Puerto Rico Electric Bonds Trading Below Proposed Recovery Rate
(DBN)

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Oil/Gas:

Weds.: Oil is going nuts on renewed hopes for an OPEC deal Oil surges 7% as OPEC members deliver optimistic tone on possible deal Oil Prices May Plunge To $20 If OPEC Fails To Clinch Deal Oil Majors Set To Lose $490 Billion If OPEC Talks Fail
(DBN)

US shale is now a greater threat to OPEC after oil price war
(DBN)

Tues.: Oil retreats as OPEC split imperils deal with deadline looming Iran Won’t Cut, Boldly Asks Saudis To Cut 1 Million Bpd Is There Any Hope Left For OPEC? Is There Any Hope Left For OPEC?
(DBN)

Kemp: Saudi Arabia Carries On Drilling Despite Oil Slump
(DBN)

Texas Oil Output Edges Lower In September Texas Oil Output Edges Lower In September
(DBN)

US probes hit defunct energy co linked to Platinum Partners
(DBN)

Stone Energy Slumps Amid Bankruptcy Plans Stone Energy restructuring plan hurts shareholders - top investor
(DBN)

US Interior Department objects to creditors plan for Samson
(DBN)

Tidewater Dodges the Bankruptcy Bullet: For How Long?
(DBN)

‘Severe’ liquidity position forces Boa Offshore to restructure
(DBN)

Was Election Boon or Bad Omen for Pa. Oil and Gas Industry?
(DBN)

Peak Oil to Peak Demand in Just 9 Years
(DBN)

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Gambling:

Glenn Straub, owner of defunct Revel, suing NJ over casino license
(DBN)

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Healthcare:

10 Things You Need to Know About Health Care Bankruptcies in 2017
(DBN)

How Trump's health secretary pick would replace Obamacare
(DBN)

Poll: Americans Wants ACA Fixed or Ended
(DBN)

Cubans Live as Long as Us for a Tenth the Cost
(DBN)

The average out-of-pocket costs for cancer patients can be catastrophic — regardless of health care coverage
(DBN)

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Politics:

Trump: 'I will be leaving my great business in total'
(DBN)

Potential Cabinet Pick Wilbur Ross Jr. Has Used Trade to His Benefit
(DBN)

FactCheck: Trump Won, but Lost Popular Vote Trump Failing His Crash Course in Leadership The New Rules for Covering Trump Trump Gets Flag Burning Wrong Too Justice Scalia, who is Trump's mold for a Supreme Court pick, stressed that flag burning is protected by the Constitution Trump floats 'loss of citizenship or year in jail' for flag burning Democratic Senator Threatens to ‘Beat the Hell’ Out of Anyone Who Burns Flag in Front of Him
(DBN)

Donald Trump and Wall Street Make Up Quickly Trump’s latest Cabinet picks signal he has no intention of governing as a populist outsider
(DBN)

Lawsuit against DOT Secretary Foxx over role at bankrupt bus maker moves ahead after mediation fails
(DBN)

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Coal:

Congress Can Help Retired Coal Workers Now
(DBN)

West Virginia regulators, Alpha settle bankruptcy case suit
(DBN)

An Obamacare repeal could strip coal miners of their access to healthcare
(DBN)

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Retailing:

American Apparel Bid Spices Up Canadian Brand
(DBN)

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Prisons:

Trump Sets Private Prisons Free
(DBN)

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Television:

In Proof of Claim, Songwriter Accuses 'American Idol' Producers of Stealing Her Songs
(DBN)

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Education:

ITT chapter 7 bankruptcy fallout
(DBN)

Dowling becomes rare nonprofit college to file for bankruptcy Dowling College files for Chapter 11, will sell its campuses
(DBN)

Career Point teach-out approved by judge
(DBN)

For-profit colleges expect fortunes to improve under Trump
(DBN)

Trump U Plaintiffs Gaining 'Unprecedented' Return, Lawyer Says
(DBN)

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New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (26 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (5 new filings today)
(DBN)

Bankruptcy Code (html) - Bankruptcy Code (pdf) Prior BK Codes (pick year from list) - 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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Committees:

Why Unsecured Creditors Should Stick Together
(DBN)

Ninth Circuit Extends Barton to Protect Creditors’ Committee Members
(DBN)

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Privacy:

Golfsmith Bankruptcy Sale Approved After Clearing Consumer Privacy Hurdles
(DBN)

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Make-Whole:

Make-Whole Momentum Halted: Third Circuit Rejects Momentive Rationale and Requires Debtor to Pay Make-Whole Premium
(DBN)

Not Entitled to Makewholes? Not So Fast...
(DBN)

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TBTF:

Bill to Rework 'Systemically Important' Designation Slated for House Vote
(DBN)

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IP:

A Beam Of Sun For Trademark Licensees: Another Appellate Court Holds Rejection Does Not Terminate A Trademark Licensee’s Rights
(DBN)

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Lien Avoidance:

Avoiding a Lien Requires that the Lien Exist
(DBN)

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Mediation:

Proactive Mediation is Becoming Standard: The Syngenta Example
(DBN)

With $100 Mediators, Sometimes You Get What You Pay For
(DBN)

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Discovery:

Delaware Bankruptcy Court Limits Access to Emails in Cross-Border Bankruptcy Case
(DBN)

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Banking:

FDIC: Fewer Problem banks, Residential REO Declined in Q3
(DBN)

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UK:

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

Insolvency in construction: a contract toolkit
(DBN)

Christmas on Credit
(DBN)

This is the apocalyptic scenario Britain's biggest banks faced in the Bank of England's latest stress test Barclays, RBS, and Standard Chartered found to have 'capital inadequacies'
(DBN)

Scotland introduces Bankruptcy Act to streamline insolvency rules
(DBN)

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EU:

Terrified ECB has 'emergency Italian rescue plan' ahead of referendum
(DBN)

European Commission proposals for common principles on insolvency, restructuring and second chance
(DBN)

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PIIGS:

Greece's Biggest Lender Says It's 'Crying Wolf' on Debt Relief Greece Isn't 'Crying Wolf' on Debt Relief Athens, lenders press agendas ahead of Eurogroup as review drags on
(DBN)

Irish unemployment falls to post-crash low of 7.3 per cent
(DBN)

Monte Paschi Said to Discuss State Aid Option With Investors
(DBN)

How Italy’s referendum could spark a ‘systemic crisis’ in the eurozone
(DBN)

How shady Italian banking led to drama for savers, economy
(DBN)

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Canada:

BLG Strengthens Restructuring & Insolvency Team
(DBN)

Less hiring planned after 65% of oil , gas companies trim staff: survey
(DBN)

Canadians can't afford poverty
(DBN)

Canada's housing bubble could get ugly
(DBN)

New middle-class policies will actually leave the middle class behind
(DBN)

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Brazil:

Brazil's Oi says Dutch units may enter bankruptcy proceedings
(DBN)

Top shareholder in Brazil's Oi does not oppose equity dilution
(DBN)

Creditors look to Brazilian authorities to act in Oi debt talks
(DBN)

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Bahamas:

80% Baha Mar Vendor Payout By Tomorrow
(DBN)

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India:

Company law tribunal gets set to take over bankruptcy work
(DBN)

Insolvency And Bankruptcy Code To Kick In From Thursday
(DBN)

India pulled 86% of its cash out of circulation. It’s not going well.
(DBN)

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New Zealand:

Increasing trust in insolvency practitioners Insolvency practitioners to be licensed under new regime to stop poor behavior
(DBN)

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China:

A couple of strange and terrible things are happening to the Chinese economy all at once
(DBN)

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Turkey:

Turkish companies loaded with foreign debt fear rate rises
(DBN)

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