September 26, 2016

The Daily Bankruptcy News

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Law:

In Major Overhaul, Biglaw Firm Creates Two-Tier Partnership To Boost Profits
(DBN)

Warm Winter For Chicago Market?
(DBN)

Advice to New Law Firm Leaders: Be a Wartime Consigliere
(DBN)

The Global 100: Rankings and Analysis of the World's Biggest Firms
(DBN)

Full Pay for Less Work Greets Proskauer Parents Returning From Leave
(DBN)

ABA won’t be suspended from accrediting new law schools
(DBN)

Indiana Tech Dean Bristles At Media For Making Law School 'Look Bad' Because Only 1 In 12 Grads Passed Bar Exam, Says He's 'Not Worried' About ABA Accreditation
(DBN)

As the Market Struggles to Recover, Midwest Law Schools and Their Students Adapt to New Realities
(DBN)

Not just cogs in the machine: the new demands young lawyers are placing on their employers
(DBN)

The Lawyer's Challenge: Meeting Client Demand in a Tech-Driven World
(DBN)

3 Ways to Reduce Data Breach Risks in Post-Panama Papers World
(DBN)

Stats of The Week: Lawyers Not Exactly Top Of Mind For @realDonaldTrump
(DBN)

Trying Cases Is Physical Work
(DBN)

How To Make Getting Referrals A Daily Habit
(DBN)

The Texas Law Hawk Talks Marketing
(DBN)

The Alcoholic Law Student
(DBN)

12 Email Fails And What They Say About You
(DBN)

One thing they don’t teach you in law school is how much time as a litigator you spend talking people out of litigation.
(DBN)

Wife of man slain by Charlotte police pleaded with police not to shoot him, her video indicates
(DBN)

Inspirational Public Defender Billed As Hero Of Charlotte Protests
(DBN)

Identical twin testifies he committed murder and brother was wrongly convicted
(DBN)

Tennessee Law Now Investigating Professor Reynolds Over Tweet
(DBN)

Christie ‘Enforcer’ Tells Jurors One Constituent Counted
(DBN)

Attorney Wins Prestigious MacArthur Genius Grant
(DBN)

Former DA heads to prison Monday for obstruction of justice
(DBN)

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Judges:

The Origin Of The Politicization Of The Supreme Court
(DBN)

More Junior Lawyers Would Please Courts
(DBN)

Judge Rips Kirkland Over Associate's Appearance in Case
(DBN)

Judge Resigns Amid Allegations He Sexted During Judicial Conduct Commission Meeting
(DBN)

Trump releases new list of possible SCOTUS picks Trump Avoids Big Law Again in New List of Possible SCOTUS Picks What President Trump's Supreme Court Would Look Like; The Republican candidate successfully wooed Ted Cruz by releasing an expanded list of potential justices Trump's supreme court picks: from Tea Party senator to anti-abortion crusader Trump’s New Supreme Court List Favors Swing States Over D.C.
(DBN)

Nothing Would Be Gained From Knowing More About Health Of Supreme Court Justices
(DBN)

How High Courts Every where But the U.S. Have Limited Judicial Tenure and Allow ed Broadcast Access
(DBN)

Are judges for sale? The Supreme Court could decide in pending corruption case
(DBN)

Lawyer in Judge Thomas Porteous impeachment case suspended again
(DBN)

Husband Of Retired Tax Court Judge Pleads Guilty To Taking $1 Million In Fraudulent Deductions
(DBN)

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Wall Street:

US stocks brace for sharp losses in nervous wait for presidential debate
(DBN)

US stocks close lower after 3 days of gains
(DBN)

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Layoffs:

EnerNOC Is Cutting 200 Jobs
(DBN)

Cary's Biologics announces 132 layoffs
(DBN)

Goldman axing nearly 30 percent of Asia investment banking jobs
(DBN)

Bath Iron Works eliminates 160 positions
(DBN)

Petaluma's Enphase Energy cutting staff 11%
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Aviation:

DOT retenders several EAS contracts after SeaPort bankruptcy
(DBN)

Monarch Airlines denies Twitter-based insolvency rumors
(DBN)

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Healthcare:

OK: Hospital in Antlers files for insolvency
(DBN)

Judge to decide if Colusa hospital can reopen
(DBN)

Doctor Confesses: I Lied to Protect Colleague in Malpractice Suit
(DBN)

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Education:

Everything wrong with for-profit colleges
(DBN)

ITT Tech: The for-profit college that went up in smoke
(DBN)

The Good Schools, the Bad Ones and the Ugly Ways We Rank Them
(DBN)

2016-17 World University Rankings
(DBN)

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Healthcare:

Another Way to Violate Privacy: PHI in Court Documents
(DBN)

Bankruptcy court approves settlement between HDL, LeClairRyan; law firm's troubles may not be over
(DBN)

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Entertainment:

CORE Media Group's Plan of Reorganization Confirmed
(DBN)

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Retailing:

Claire’s Is Said to Tap FTI Consulting for Help
(DBN)

American Apparel is losing CEO Paula Schneider, who was supposed to turn it around
(DBN)

Chapter 11 Watch: Hanjin’s Latest Lifeline, Caesars Raises The Stakes And E-Cigarette Troubles
(DBN)

We Closed Stores, and You Can, Too
(DBN)

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Fraud:

Rothstein Feeder Fund Agrees To $1M Hutchison & Steffen Deal
(DBN)

Bankruptcy of Diplomat Caught in Ponzi Scheme Survives
(DBN)

The life and crimes of Sin City's million-dollar mail fraudster
(DBN)

Behold, The Shakespearean Plot Twist At The Heart Of The Cooperman Insider Trading Case
(DBN)

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Coal:

Coal pensions, benefits divide Kentucky Senate candidates
(DBN)

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Jewelry:

Defunct smart jewelry startup Cuff sued by vendors for unpaid work
(DBN)

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Marinas:

La Crosse moves to evict marina operator; operator files for bankruptcy protection
(DBN)

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Banking:

Bank of Commerce's holding company files for bankruptcy to survive
(DBN)

Wells Fargo shareholder sues the bank for breaching fiduciary duty; Stumpf resigns from Fed post John Stumpf's Elizabethan Drama Ex-Wells Fargo Employees in Class Action Suit Wells Fargo Hires Law Firm for Advice on Clawbacks Bernie Sanders: Wells Fargo's business model is fraud Plaintiffs Firms Pounce on Wells Fargo After Fake-Accounts Scandal
(DBN)

The Worst Banks in America
(DBN)

FDIC Closes Bank in Arkansas; Fifth Failed Bank of 2016
(DBN)

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Economy:

81 Consecutive Weeks of Initial Unemployment Claims Below 300,000, Longest Streak Since 1970
(DBN)

Nowcast down 0.5 percentage point for both Q3 and Q4
(DBN)

Why The Coming Wave Of Defaults Will Be Devastating
(DBN)

Millennials: You Can't Afford a Startup. Time to Get a Job
(DBN)

The know-nothing economists who created this mess blast Trump’s plan
(DBN)

Why Seniors with Mortgage Debt are Becoming the ‘New Normal’ for Retirement
(DBN)

Planning for retirement? Check out ‘one of the scariest charts in human history’
(DBN)

Sheila Bair Called the Financial Crisis. Here's Her New Nightmare
(DBN)

Obama Has Redistributed More Wealth To The Bottom 99% Through The Tax Code Than Any Administration Since At Least 1960
(DBN)

Philly Fed: State Coincident Indexes increased in 39 states in August
(DBN)

US Debt Clock
(DBN

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Valuation of affordable housing projects in bankruptcy – a muddied landscape
(DBN)

“Bankruptcy Baron” may live to buy again
(DBN)

He lost a $24 million mansion along the Potomac to foreclosure. Now he’s fighting eviction.
(DBN)

Nationwide: Here are the most and least healthy housing markets
(DBN)

Fastest appreciating housing markets
(DBN)

Prop 13 Unfair Home Taxes on 2 Generations
(DBN)

25 Wealthiest US Suburbs
(DBN)

Lawler: Table of Distressed Sales and All Cash Sales for Selected Cities in August
(DBN)

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Municipalities:

Puerto Rico Control Board Set to Meet Sept. 30 to Pick Chair
(DBN)

Wall Street Vultures Descend On Debt -Ridden Puerto Rico
(DBN)

Puerto Rico's Market-Beating Bonds Still Leave Holders Guessing
(DBN)

A 12-Step Plan for Puerto Rico
(DBN)

Puerto Rico Insured: Q3 2016 Review
(DBN)

Puerto Rico power utility restores service after rare island-wide blackout
(DBN)

Bankrupt, hobbled by violence, San Bernardino still bleeding
(DBN)

CA: The pension gap
(DBN)

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Oil/Gas:

Oil price rebound could create headaches for bankrupt drillers
(DBN)

Oil prices pare gains as investors question chances of an OPEC deal
(DBN)

Rig count sees small gain amid double whammy for oil Top Permian producer says rig count there is about to soar Texas oil production up slightly from early summer
(DBN)

Oil firms expected to increase capital spending in 2017
(DBN)

The Real Reason Energy Companies Are Going Bankrupt
(DBN)

Market Overreacts To News That Vanguard Natural Resources Hired Evercore Partners For Restructuring
(DBN)

Pacific Drilling: Restructuring Ahead
(DBN)

Gulf of Mexico Operators: Prepare to Present the U.S. Government with Financial Assurance Covering 100% of Decommissioning Liability for your OCS Leases
(DBN)

Leon Cooperman’s Man in Shale Patch Goes From Hero to Headache
(DBN)

As rivals circle, Japan boosting firepower to buy global energy assets
(DBN)

In Pa. gas -drilling country, landowners receiving royalties feel cheated
(DBN)

Oil and Gas Companies Could Still Do Some Paring
(DBN)

Future is unclear for Navajo oil and gas co.
(DBN)

How to value (worthless) Venezuelan oil bonds
(DBN)

Trustee Objects To Breakup Fees In Samson's Ch.11 Sales
(DBN)

Downturn shifts to pipeline companies
(DBN)

Saudis Announce Oil Deal (In Your Dreams)
(DBN)

Mexico could open shale fields to U.S. drillers next year Oil downturn ‘huge blow’ to Mexico, says energy minister Traders Are Skeptical Mexico Can Avoid Downgrade as Debt Surges
(DBN)

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Solar:

California solar company Verengo files for bankruptcy , plans sale
(DBN)

SunEdison starts settlement discussions with yieldcos
(DBN)

TerraForm Power Files Initial Proof of Claim in SunEdison's Chapter 11 Bankruptcy
(DBN)

New Delaware Chapter 11 Filing – Verengo, Inc. Verengo to be sold under Chapter 11
(DBN)

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Politics:

New York Times endorses Clinton for president Clinton Triumphs In Email Court Hearing Friday FBI releases notes from Clinton email investigation Clinton aide told FBI there were internal concerns raised at State over private email server Obama used a pseudonym in emails with Clinton, FBI documents reveal What’s Really Ailing Hillary Clinton to Millennials: Pick Me to Stop Trump Clinton Needs a Better Slogan 2008 Crisis Deepened Goldman Clinton Ties
(DBN)

'Draw is a win' for Donald Trump v Hillary Clinton debate Study finds 20 million would lose health coverage under Trump plan Trump campaign quarrels over money woes Donald Trump's Police State Why the Flawed Bushes Won't Tolerate Trump Professor Picked Right in Every Campaign for Thirty Years: It's Trump The Shady Way Fred Trump Tried to Save His Son's Casino Johnston on Trump Cruz Won't Say Trump is Fit to Serve Judge denies media request to unseal Trump’s divorce records Trump Unleashes on Mark Cuban No Fortune 100 CEO Backs Trump
(DBN)

Elizabeth Warren tells Hillary Clinton: Aim higher
(DBN)

The Questions That Clinton and Trump Should Be Asked
(DBN)

1916: H. J. Heinz Pushes America First
(DBN)

5 Ways Candidates Mislead You in Debates Monday's debate: What to know What past faceoffs tell us about the first Trump-Clinton debate
(DBN)

Poll: Most Frustrated with Presidential Race
(DBN)

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Religion:

Diocese bankruptcy deal sets aside $15 million for victims
(DBN)

Religion in US 'worth more than Google and Apple combined'
(DBN)

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Gambling:

Bankruptcy Judge Responds To Caesar's Mediator Resignation
(DBN)

Caesars awaits creditor nod on sweetened deal for bankrupt unit
(DBN)

Caesars Talks Grind On in Bid for Deal to End Unit’s Bankruptcy
(DBN)

Caesars Entertainment Corp's Future Now a Battle Between Billionaires
(DBN)

New creditor steps up to block reorganization of Caesars
(DBN)

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Movies:

Indie Film Company Alchemy Files for Bankruptcy
(DBN)

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Mining:

Iron Giants to Add 200 Million Tons of Supply Through 2020
(DBN)

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Debt Collection:

CFPB Can't Back Contempt Push In Debt Scam Suit, Firm Says
(DBN)

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Food/Beverage:

Logan's Roadhouse Reaches Deals On DIP, Plan Statement
(DBN)

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Student Debt:

Student Loan Debt Hinders Economic Mobility
(DBN)

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Orchestras:

Philadelphia players: Board blew $10 million on bankruptcy
(DBN)

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New Bankruptcy Opinions
(11 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (30 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (12 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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Involuntary Cases:

Third Circuit Court of Appeals Concludes that Section 303(i) Does Not Preempt State Law Claims of Non-Debtors Predicated on the Filing of an Involuntary Petition
(DBN)

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Cross-Border:

U.S. Bankruptcy Courts Will Not Tolerate Manipulation of COMI and Bad Faith Uses of Chapter 15
(DBN)

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Credit Bids:

Credit Bidding: Back and Better Than Ever?
(DBN)

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Proofs of Claim:

SCOTUS Asked to Hear Two Cases on Stale Claims in Bankruptcy
(DBN)

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Mediation:

Mediation Confidentiality is the Source of Judicial Bewilderment
(DBN)

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Mootness:

Equitable Mootness in Chapter 11 Confirmation Appeals
(DBN)

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Exemptions:

Validity of Inherited Homestead Exemption Decided by Allusion to Baseball
(DBN)

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Litigation:

The New Rule 26(f)(3): Not Quite the Same as the Old
(DBN)

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Professional Compensation:

Compensation for Successfully Defending Fee Applications: The World after Baker Botts
(DBN)

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Insurance:

D&O Insurance: Consent Judgment Including Covenant Not to Execute Constitutes “Loss”
(DBN)

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Shipping:

Hanjin: Customers Are Not Paying Freight Invoices Hanjin says cargo owners withholding $80 million in payments
(DBN)

Hanjin Clients Report Price-Gouging and Container Pileups
(DBN)

Hanjin Shipping mess: FMC eyes MTO fees for releasing cargo
(DBN)

FMC: Update Regarding Commission Briefings on the Status of Hanjin Shipping
(DBN)

Hyundai Merchant begins work to acquire key assets of Hanjin
(DBN)

Hanjin could be “the 100­year flood in the container industry”
(DBN)

All at sea? The ripple effect of Hanjin's crisis
(DBN)

U.S. Judge Concerned With Speed of Hanjin Restructuring
(DBN)

Oil Tanker Up in Flames in Gulf
(DBN)

On the Majestic Maersk, mega-ship dreams obscure cloudy future for shipping
(DBN)

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Tech:

'The biggest risk of cloud is bankruptcy ,' warns expert panel
(DBN)

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Autos:

Takata's search for a savior could drag into next year -sources Takata failed to report 2003 air bag rupture to NHTSA
(DBN)

Not Everyone is a Fan of the $14.7 Billion VW Settlement
(DBN)

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Aerospace:

Carlyle’s Sequa Cut by S&P as Maturity Looms for All Its Debt
(DBN)

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UK:

Know Your Client Checks – A Lesson From BHS for Professional Firms
(DBN)

Mobile giants 'face £1bn Phones 4U claim' Phones 4U administrator to sue operators - report
(DBN)

Brexit jitters trigger pay freeze at Bond Dickinson
(DBN)

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EU:

Draghi Wants Fewer Banks. Good Luck With That!
(DBN)

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PIIGS:

Italy's banking crisis could bring disastrous consequences
(DBN)

IMF paints dark outlook for Greek jobseekers
(DBN)

IMF Says Greece Growth Outlook Still Weak as Debt Relief Elusive
(DBN)

Greece Could Seize Personal Assets Gov't braces for vote on reforms
(DBN)

Greece, creditors agree on composition of privatization fund board
(DBN)

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Canada:

Court of Appeal Closes Door on U.S. Doctrine for Re-Ranking Creditors
(DBN)

Essar Steel Algoma lenders down with $425-million injection
(DBN)

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Turkey:

Amendments to postponement of bankruptcy rules
(DBN)

Moodys' Cuts Turkey's Credit to Junk
(DBN)

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China:

China just made a key preparation for disaster in its economy
(DBN)

Chinese bondholders face heavy losses, as metal producer folds
(DBN)

A New Measure of China's Vulnerability
(DBN)

Relax, China's banks aren't about to have a meltdown
(DBN)

China's "Other Sea" (Of Debt)
(DBN)

China launches $52.5 billion state enterprise restructuring fund, report says
(DBN)

PBOC Drains Most Funds in Six Months Amid Debt Curb Speculation
(DBN)

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South Korea:

Prosecutors to reapply for warrant to arrest ex-KDB chief over bribery
(DBN)

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Japan:

Bankrupt Mining Town Downsizes to Avoid Becoming a Ghost
(DBN)

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New Zealand:

Dick Smith receivers' six month report throws light on high debts
(DBN)

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Bahamas:

China's Fosun Group isn't buyer of $3.5b Baha Mar, say receivers
(DBN)

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Australia:

Creditors seek winding up of two Otto Marine Australian units
(DBN)

Illegal phoenix activity is costing billions
(DBN)

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Malaysia:

Malaysian banks brace for profit hits as O&G firms restructure
(DBN)

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