October 25, 2016

The Daily Bankruptcy News

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Law:

Professional Services Firms Increasingly a Target of Pay Equity Suits What the Data on Law Firm Comp Shows About Partner Pay Equity
(DBN)

Biglaw Offering ‘Hot Fudge Sundae Bars’ And ‘Gift Cards’ To Laterals
(DBN)

Former Dewey finance director signs new plea agreement with shorter recommended sentence
(DBN)

New Study Shows Major Gains in Compensation for U.S. Law Firm Partners
(DBN)

GC: Remind them what you’re talking about
(DBN)

When Sharing Offices, Appearances Matter
(DBN)

Research: A quarter of law students would be willing to falsify time sheets
(DBN)

Assault on Wage Gap Forcing Industry to Pay More Than Lip Service
(DBN)

Junior lawyers are failing to hit billing targets
(DBN)

5 Tips For In-House Lawyers To Make Discovery Less Painful
(DBN)

The Dan Markel Case: Is Katherine Magbanua Cutting A Deal? The Dan Markel Murder Investigation: Why Was Katherine Magbanua's First Degree Murder Charge Reduced To Second Degree Murder?
(DBN)

Harvard Law Professor Takes Finding Out He Was Insulted Via Wikileaks Like A Boss
(DBN)

ABA Finally Adopts Tougher Bar Passage Standards For Accreditation — Well, Almost
(DBN)

The Camera That Doesn't Let You Lie
(DBN)

Artificial Intelligence trends and their impact on the legal sector
(DBN)

What Tech Skills Should Law Schools Teach Future Associates? Step One: The Basics
(DBN)

Practice Management Pricing Gets Murky
(DBN)

Robot Justice: AI Predicts Outcomes of Trials
(DBN)

‘I will not forget’: Black federal judge brands Ohio voting law an insult to slain civil rights activists
(DBN)

Pennsylvania’s former attorney general is sentenced to jail Decade Term for Convicted Ex-Attorney General of PA
(DBN)

Why Would Anyone Work In Philadelphia?
(DBN)

Texas AG Paxton Faces New SEC Fraud Suit
(DBN)

Lawyers Are Basically Paid Liars
(DBN)

'They Were All Lying,' Former Aide Says of Christie & Senior Staffers
(DBN)

Americans’ Respect for Police Reaches Highest Level Since 1967, Poll Finds
(DBN)

Firm rolls out wellness coaching and 'emotional fitness' classes for employees
(DBN)

Lawyer storytellers break free from the clock to deliver persuasive arguments
(DBN)

Biglaw Gets In On The Funnies This Halloween
(DBN)

A grandmother is suing KFC for $20 million because she didn’t get enough chicken
(DBN)

Suit claims lawyers used ‘stooge defendants’ to get courts to order scrubbing of bad online reviews
(DBN)

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Judges:

Judge Richard Posner On SCOTUS: ‘The Supreme Court Is Awful’
(DBN)

BK NV: Bankruptcy Court Newsletter - October 2016
(DBN)

Georgia Pols Want To Gut Judicial Ethics Commission Because Bad Judges Want Pity
(DBN)

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Wall Street:

U.S. stock futures point to gains, as Apple set to take the spotlight
(DBN)

Stocks rise amid corporate news deluge, but oil and dollar cap gains
(DBN)

The massive AT&T-Time Warner deal could mean up to $390 million in fees for Wall Street banks
(DBN)

Big Payday for M&A Bankers Reorders League Tables
(DBN)

The U.S. stock market is stuck in the danger zone
(DBN)

Goldman Sachs just cut its S&P 500 earnings outlook for 2016 and 2017
(DBN)

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Layoffs:

Nearly half of financial services employees fear tech will take their jobs
(DBN)

Gannett to lay off 350
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Retailing:

Retailers Rushed to Hire for Holidays Holiday Season Retail Hiring Since 1979
(DBN)

Citigroup sees Williams-Sonoma, 5 other retailers having a big holiday shopping season
(DBN)

Retail Sporting-Goods Bankruptcies Weigh on Vans, Timberland Parent In Q3
(DBN)

The CEO of REI just ripped Macy's for opening stores earlier than ever on Thanksgiving
(DBN)

Ollie's Bargain Outlet has $100 million to buy cargo from delayed or canceled orders
(DBN)

Liquidators Largely Prevail In Golfsmith Bankruptcy
(DBN)

Former American Apparel CEO: I Needed a Bodyguard to Go to Work
(DBN)

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Politics:

Trump's Business Credit Score is Only 19 Trump Makes Bizarre Promise About His Legal Authority as President Why Donald Trump Dodged Chris Wallace’s Question About Social Security and Medicare Report: Trump Took $17 Million in Insurance for ‘Hurricane Damage’ That Might Not Exist Trump Destroys Brand, Investors Fear Worse Trump, Name Now Awash in Controversy, Readies New Brand Trump Criticizes Media for 'Phony' Polls 54 Percent of Trump Voters Casting Ballots Against Clinton Why Trump's first big newspaper endorsement came with an 'asterisk' How a Trump election challenge could play out Trump puts press freedoms in his crosshairs Krugman: It’s Trump’s Party Donald Trump's Gettysburg Address Donald Trump is the best thing to happen to American women in decades Trump Campaign: We're behind! Trump: We're winning! The New York Times used two full pages to print all of Donald Trump's insults during the campaign The Concession Speech Donald Trump Has Already Started to Give ‘They Don’t Get Out and Vote’ and Other Republican Remarks That Could Spark Blowback Donald Trump's tax plan would stimulate the economy. But not for long. President Obama Takes Aim at Republicans for Sticking By Trump Donald Trump responds to accuser: 'Oh, I'm sure she's never been grabbed before' Trump just stepped up his calls to weaken First Amendment protections Trump Gives Rambling Answer About Press Freedoms In Miami TV Interview Note to Eric Trump: "Contra" Means Against Trump Supporters’ Fear of Election Fraud Driven by Non-Citizens Sheldon Adelson Has Reportedly Had It With Donald Trump
(DBN)

Goldman Sachs CEO: I support Hillary Clinton Are Clinton's Emails Doctored? What a Trump loss could mean for Hillary Clinton's presidential mandate The Hillary Clinton "scandal” involving Morocco, explained Fox News Got a Clean and Brutal Hit on Clinton
(DBN)

Yes, it is possible for Trump and Clinton supporters to have productive (and calm) conversations
(DBN)

21 maps and charts that will change how you think about the election
(DBN)

Elizabeth Warren to Trump: "On November 8th, we nasty women are going to march our nasty feet to cast our nasty votes" Elizabeth Warren : Trump thinks 'a mouth full of Tic Tacs' means he can 'force himself on any woman' Elizabeth Warren says a Hillary Clinton administration would overturn Citizens United Clinton and Warren: Friends now, trouble ahead
(DBN)

So You Think You're Going to Move to Canada After the Election
(DBN)

Your Facts or Mine?
(DBN)

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Education:

When For-Profit Colleges Prey on Unsuspecting Students
(DBN)

ITT's Dirty Truth Was Exposed 17 Years Ago
(DBN)

Law Firms Spar To Rep Ex-ITT Tech Employees
(DBN)

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Economy:

Fed's Dudley Weighs Scope for Sharing Treasury Data With Public
(DBN)

Fed only needs to nudge up interest rates despite being very close to its targets, Bullard says Fed's Bullard thinks low rates will be the norm
(DBN)

US Treasurys slip after manufacturing data
(DBN)

Here's every US state's September unemployment rate
(DBN)

From US to Europe, the face of employment is changing
(DBN)

Chicago Fed "Economic Growth Picked Up in September"
(DBN)

Sputtering Startups Weigh on U.S. Economic Growth
(DBN)

The productivity paradox: why we're getting more innovation but less growth
(DBN)

Workers will simply try to survive, rather than prosper, as tech takes over the economy
(DBN)

The Slow Slog Toward ‘Full’ Employment
(DBN)

AT&T to Pay Time Warner $500M If Antitrust Kills Deal
(DBN)

The Rich Get Ready for Higher Taxes Under a President Clinton Clinton Readies Post-Election Push on Highways, Corporate Taxes
(DBN)

DOT: Vehicle Miles Driven increased 3.4% year-over-year in August
(DBN)

US Debt Clock
(DBN

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Table of Distressed Sales and All Cash Sales for Selected Cities in September
(DBN)

HUD Watchdog: Servicer Foreclosure Delays Cost FHA $2.23 Billion
(DBN)

Bankruptcy Court Assesses Sanctions on Mortgage Servicer for Failure to File Notices Relating to Residential Mortgage Loans
(DBN)

Homeowners facing foreclosure hits 9-year low
(DBN)

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Municipalities:

Atlantic City Belt-Tightening Plan Aims to Avoid Takeover How Atlantic City plans to fix its finances, avoid state takeover Atlantic City approves recovery plan that calls for job cuts, Borgata settlement A.C. approves recovery plan , puts takeover ball in Christie's court
(DBN)

Junk-rated Chicago school system seeks $1 billion bond sales
(DBN)

Investors in Puerto Rico's debt clash in US federal court
(DBN)

Who's to blame for poisoning of Flint's water?
(DBN)

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Oil/Gas:

Key Energy Files for Chapter 11 After Striking Restructuring Deal Houston’s Key Energy files for bankruptcy Toting $1B Debt, Key Energy Files Prepackaged Ch. 11 Houston energy co. files for Chapter 11 with prepackaged reorganization plan
(DBN)

Basic Energy Files Prepack In DE First Day Dec Plan Disclosure Statement Fort Worth oilfield company to reduce debt with pre-packaged bankruptcy Basic Energy Services plans bankruptcy to reduce debt burden Basic Energy Services Initiates Prepackaged Chapter 11
(DBN)

Oilpatch servicers slip into bankruptcy as prices rally too late
(DBN)

Tidewater warns of bankruptcy , continues negotiating with lenders
(DBN)

Emerald Asks For OK On Operating Deal With Ch. 11 Buyers
(DBN)

Oil Companies Reach Debt-Restructuring Deals
(DBN)

OPEC Production Cut Deal on Shaky Grounds Oil Prices Fall As Iraq Goes Rogue, Refuses To Scale Back Production Russia Sends Mixed Signals To Oil Markets After Saudi Meeting
(DBN)

Tidewater warns of bankruptcy as it gains limited waiver extensions
(DBN)

Basic Energy's stock loses over half its value as company preps for bankruptcy Basic Energy Plans Bankruptcy Filing to Reduce Debt Burden
(DBN)

Pacific Exploration & Production provides update on restructuring transaction
(DBN)

Venezuela Reels From Oil Woes Venezuelan struggles seen in their oil exports
(DBN)

Will Mexico Oil Giant Pemex Default?
(DBN)

Venezuela PdVSA Restructures Debt Venezuela Winning Bondholder Relief as 39% Accept PDVSA Swap Venezuelan Bond Swap Deal: Good News For U.S. Refiners
(DBN)

Oil producers haven't been this cautious on oil prices since 2007
(DBN)

Venezuela Escapes Bankruptcy… But Oil Production Continues To Plunge
(DBN)

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Fraud:

Trump U. fraud trial: Why Trump's lawyers want campaign statements excluded
(DBN)

Patriarch Partners’ Tilton Battles SEC as Fraud Trial Begins
(DBN)

TelexFree Founder James Merrill Pleads Guilty to Fraud Charges
(DBN)

Lynn Tilton’s Lawyer Seemingly Alludes To Her X-Rated XMas Cards In Fraud Trial Opening Remarks
(DBN)

Fed Judge Halts Trump U Document Dump
(DBN)

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Fishing:

Alaska season so bad, no one wants defunct processor’s plants
(DBN)

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Hedge Funds:

Highland Capital Investors Allege Wrongdoing in Long-Closed Hedge Funds
(DBN)

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Student Debt:

The Racial Disparity of the Student-Loan Crisis
(DBN)

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Football:

The NFL is in Decline
(DBN)

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Accounting:

U.S. Says Ernst & Young to Pay $11.8 million to Settle Audit Charges
(DBN)

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Security:

Implant Sciences Ch. 11 Gets Official Equity Committee
(DBN)

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Environmental:

WV water crisis trial delayed 1 day
(DBN)

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Fishing:

China Fisheries Seeks To Keep Control Of Its Ch. 11
(DBN)

Oyster venture seeks Chapter 11
(DBN)

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Celebs:

Lindsay Lohan Bankrupt? Did The ‘Mean Girls” Star Steal Millionaire Fiance’s Valuables?

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Agriculture:

Suit: Grain buyer cost Turner $14M
(DBN)

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Media:

Bankrupt Gawker seeks to dismiss $35 mln defamation claim
(DBN)

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Healthcare:

California hospital owner files for bankruptcy
(DBN)

Obamacare premiums skyrocket Obamacare premiums to rise sharply as choices dwindle, administration confirms
(DBN)

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New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (46 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (9 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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Bankruptcy Statistics:

Energy Companies Lead 22% Rise in Chapter 11 Filings
(DBN)

Weekly Bankruptcy Claims Trading Activity
(DBN)

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Bankruptcy Rules:

BK ND MS Seeks Public Comments On Local Rules Amendments
(DBN)

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TBTF:

Plan to Bail Out 'Too Big to Fail' Banks Raises Skepticism
(DBN)

U.S. Oversight of MetLife Called Into Question at Court Hearing U.S. Lawyer Asks Court to Reinstate MetLife Too Big to Fail Tag Appeals Court Delves Into MetLife’s Systemic Importance
(DBN)

Paul Volcker: Breaking Up Big Banks Wouldn't Help
(DBN)

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SCOTUS:

Brief for Amici Curiae Law Professors in Support of Petitioners, In re Jevic
(DBN)

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Subordination:

Ending the 10b-5 Hold-up: Aéropostale Rejects Debtor’s Attack on Traders
(DBN)

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Indentures:

Non-Contractual Claims of Noteholders: Who Can Bring Them and How Must They Be Brought?
(DBN)

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Plan Terms:

Avoiding Illusory Recoveries: The Importance of Black-Scholes Protections for Warrants Issued Under a Bankruptcy Plan
(DBN)

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Make-Whole:

Compelling Redemption of Notes With a Make-Whole Premium as a Remedy for Breach
(DBN)

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Bankruptcy Remoteness:

Blocking the Blocking Provision in the Intervention Energy Case
(DBN)

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Priority Claims:

Judge Carey Holds that Severance Claim is a Priority Claim
(DBN)

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Shipping:

Creditors must file Hanjin claims in South Korea immediately
(DBN)

Hanjin in troubled waters as global shipping sinks
(DBN)

Olympic Ship says extends stand-still agreement with creditors until Oct 28
(DBN)

Hanjin announces operations in Europe will be axed – but staff are the last to know
(DBN)

The Reluctant Ship Owner
(DBN)

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Gambling:

One year after taking over the fantasy football world, DraftKings and FanDuel are reportedly running out of cash and can't pay their vendors
(DBN)

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Corporate Reform:

Feds Look at Costs of Wall Street Safety Rules
(DBN)

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Autos:

Takata's fate lies in hands of global carmakers after safety scandal
(DBN)

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Ratings:

Ratings Inflation Is Back, Subprime Style
(DBN)

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UK:

Fewer UK Companies Seeking Insolvency After Brexit
(DBN)

From 80s pop star to bankrupt surgery addict: Pete Burns' volatile relationship with money
(DBN)

BOE Optimism Wilts in Long-Term Debt as Brexit Sparks Rout
(DBN)

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EU:

Commentary of the New Chapter VI on Data Protection in the Recast European Insolvency Regulation
(DBN)

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PIIGS:

IMF says Spain review on hold until new cabinet is in place
(DBN)

Greece Set to Receive Fresh Loans Under Bailout Agreement Creditors sift through budget
(DBN)

Greek PM Tells Euromed Summit That EU Creditors Need to Meet Their Commitments Tsipras calls for debt relief by year end, warns delay could benefit far-right
(DBN)

Abengoa unit details creditor recoveries as Spain deadline looms Spain's Abengoa on path to win creditor approval for plan- source
(DBN)

Monte Paschi Jumps as CEO Pledges to Boost Profit, Cut Branches
(DBN)

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Canada:

Canada's Record Household Debt Is Threatening Its Financial Stability
(DBN)

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MENA:

Oman covering two-thirds of budget gap with foreign borrowing
(DBN)

Sheikh Khalifa decrees bankruptcy law Khalifa issues laws on bankruptcy , judiciary
(DBN)

UAE President issues long-awaited decree on bankruptcy
(DBN)

Final draft of UAE bankruptcy law approved
(DBN)

Saudis angry at 'lazy', ' bankruptcy ' comments
(DBN)

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India:

Insolvency regime to be fully operational by end-Dec
(DBN)

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Singapore:

O&G Bad Loan Charges to Hit Singapore's Three Biggest Banks
(DBN)

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South Korea:

South Korea economy slows amid cluster of corporate woes
(DBN)

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