September 7, 2016

The Daily Bankruptcy News

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Law:

Thinking Of Stiffing A Referring Attorney? Think Again.
(DBN)

Biglaw Firm To Pay $20 Million In Settlement To A Former Client LeClairRyan to pay $20M to settle HDL downfall
(DBN)

The Trend Continues — Another Gender Bias Lawsuit Against A Large Law Firm
(DBN)

Peter Kalis Won’t Run For Re-Election As Chair Of K&L Gates Who Will Be the Next Chair of K&L Gates?
(DBN)

Changing of the Guard at Fox Rothschild
(DBN)

Law School Dean Publicly Criticizes Student In Law Review Article Over A Sexist Remark
(DBN)

What A Law School Curriculum Should Be
(DBN)

90 people who were told they failed the bar exam learn it’s not true
(DBN)

Dallas DA Susan Hawk Resigns After Struggle with Mental Illness
(DBN)

How To Train Your Brain To Do More ‘Deep Work’
(DBN)

Beyond Biglaw: Bridging The ‘Enthusiasm Gap’
(DBN)

Ex-Fox News host Gretchen Carlson settles sexual-harassment lawsuit for $20 million Gretchen Carlson did what no one thought possible: She got Fox to apologize Legal Experts Shocked by Fox's $20 Million Settlement With Gretchen Carlson Settlement May Open Fox News to More Sexual Harassment Suits
(DBN)

Roger Ailes Hires Feminist, Ex-Prosecutor, and Gawker’s Slayer to Fight Media
(DBN)

After Abrupt Exit From Fox News, Greta’s Husband Hints at Legal Action
(DBN)

VW Lawyer Walks Out of Irish Case Before Manager Can Testify
(DBN)

Apple’s New iPhones Arrive, as Glow Fades 8 big changes coming to the iPhone 7 that will make it much better
(DBN)

One simple way to trick people into thinking you're smarter than you are
(DBN)

The Art of Setting the Stage for Persuasion
(DBN)

Steven Avery's lawyer says 'crucial witnesses' are coming forward in the 'Making a Murderer' case
(DBN)

Man Serves on Grand Jury for His Own Case, Still Gets Indicted
(DBN)

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Judges:

ABA urges Senate vote on 20 district court nominees awaiting final action
(DBN)

Chemerinsky: What will the presidential election mean for SCOTUS?
(DBN)

Obama nominates Muslim-American as federal judge for first time ever
(DBN)

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Wall Street:

U.S. stock futures wobble as traders wait for more Fed clues
(DBN)

US stocks inch higher on new hope for oil deal
(DBN)

Banks are going to make close to $100 million on one of the biggest deals of the year
(DBN)

The slow death of investment banking A definitive breakdown of the sorry state of Wall Street One devastating picture of a Wall Street trading floor says it all
(DBN)

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Layoffs:

ITT Tech laying off more than 8,000 employees Employees of ITT sue over Sudden Layoffs
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Education:

Department of Education Bans ITT from Enrolling New Title IV Students, Adds Tough New Financial Oversight
(DBN)

ITT Tech shuts down all its schools; students might get loans forgiven ITT Tech Shuts Down After Feds Demand $152M Deposit ITT Technical Institutes shuts down after 50 years in operation ITT Technical Institutes Shuts Down, Leaving a Hefty Bill ITT closes: what it means for for-profit schools, their students, and taxpayers ITT Tech's Road to Closure ITT Technical Institute shutdown stuns Mich. students Tens of thousands of students in the lurch Here's what's in store for the 40,000 students left without a school now that ITT Tech has closed
(DBN)

ITT Tech won't say whether it will file for bankruptcy protection
(DBN)

ITT Tech's closure of all its campuses was 'long overdue' Good Riddance: 6 Facts About Shut-Down ITT Tech
(DBN)

Last president of defunct Burlington College blames Jane Sanders
(DBN)

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Personal Finance:

7 tricks for saving money at Starbucks
(DBN)

21 job-interview questions that are designed to trick you
(DBN)

I tried working out at the swankiest gym chain to see if it's worth the money
(DBN)

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Shipping:

Hanjin seeks bankruptcy protection in more countries
(DBN)

Hanjin Shipping wins temporary bankruptcy protection order in the US US judge grants Hanjin temporary protection from US creditors Judge Allows Hanjin Ships to Dock Safely in U.S. Ports Hanjin Shipping files for Chapter 15 protection
(DBN)

All Aboard — For A Major Maritime Bankruptcy
(DBN)

Samsung Says $38 Million of Goods On Board Two Hanjin Vessels
(DBN)

These Tech Firms Are Caught Up In the Hanjin Shipping Debacle
(DBN)

Bankrupt Hanjin Shipping Hit With $1.7M Contract Suit
(DBN)

The Gap is Closing on Vessel Seizures in the Hanjin Emergency
(DBN)

Hanjin's bankruptcy leads to lawsuits, financial hardship for U.S. companies
(DBN)

Hanjin’s ghost ships seek havens as food, water start to dwindle
(DBN)

Collision Course: What Hanjin's Potential Bankruptcy Means
(DBN)

Hanjin Raising Funds Unload Stranded Cargo Ships
(DBN)

Hanjin Shipping to get $122 million in emergency financial aid
(DBN)

Hanjin chairman injects $36m of own assets to ease shipping crisis
(DBN)

S.Korea funding for Hanjin Shipping requires collateral-govt officials
(DBN)

Commencement of Hanjin Shipping's rehabilitation proceedings in Korea and related updates
(DBN)

Hanjin Blues: A Different Ocean Freight Market Now?
(DBN)

South Korea: Hanjin to resume work in Long Beach this week
(DBN)

Empty Hanjin boxes stumbling block for drayage providers
(DBN)

W100b irony of Hanjin fiasco
(DBN)

Smashed Fortunes
(DBN)

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Biotech:

Hampton biotech company files for bankruptcy
(DBN)

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Economy:

US services growth slows to weakest pace in six years, ISM finds ISM Non-Manufacturing Index decreased to 51.4% in August
(DBN)

Fed’s labor-market conditions index sinks back into negative territory in August
(DBN)

Fed's Williams wants rate hike as US economy in good shape
(DBN)

Federal Deficit Is Set to Explode Paul Ryan, Mitch McConnell and the Republicans’ Looming Budget Battle
(DBN)

Larry Summers: Janet Yellen just made a call that could tarnish her legacy at the Fed
(DBN)

Clinton says Trump should quit demonizing the Fed
(DBN)

For many working minimum wage, the ends never meet Why we must raise the minimum wage for millions of Americans
(DBN)

Krugman: There is an argument for doubling the Fed’s inflation target
(DBN)

Watch as the Rich Take a Larger Share of Income While the Rest Shrink
(DBN)

Now Companies Want to Borrow Money for Free
(DBN)

New research shows women do ask for raises as often as men—they just don’t get them
(DBN)

How Obama's Economic Record Stacks Up
(DBN)

A Single Mother Files For Bankruptcy But Isn’t Giving Up
(DBN)

5 Factors That Could End the American Empire
(DBN)

US Debt Clock
(DBN

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

House Prices up 6.0% Year-over-year in July Home prices still up, but leveling off
(DBN)

Welcome Back Housing Bubble
(DBN)

Distressed Residential Real Estate Transactions Since Q1 2007
(DBN)

July Mortgage Monitor: "Purchase Lending Highest Since 2007"
(DBN)

Mortgage applications up just 0.9% as interest rates stall
(DBN)

A Surprisingly High Number of Homebuyers Bid on Houses Sight Unseen
(DBN)

Lack of builders holding back housing market
(DBN)

Fannie Mae sells $1 billion in NPLs to Goldman Sachs subsidiary, private equity
(DBN)

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Municipalities:

Puerto Rico government bank misses interest payment
(DBN)

Will Police Misconduct Liability Allow a City to File Bankruptcy? — “Insolvent” Eligibility Standard (Part 2 of 3)
(DBN)

Former SDNY Judge on Puerto Rico Restructuring Team
(DBN)

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Oil/Gas:

Oil Edges Lower After Output-Freeze Hopes Dashed
(DBN)

Oil Market Still Oversupplied
(DBN)

An OPEC Production Freeze Could See Oil Prices Rise To $60
(DBN)

Nobody knows when the oil market will rebalance meaningfully
(DBN)

Major Oil Indicator Reaches Lowest Level Ever Recorded
(DBN)

The Russia-Saudi oil cooperation is actually a sign of 'extreme economic duress' OPEC tries to heal wounds before crucial meeting
(DBN)

Iran President Says ‘Vital’ to Restore Pre-Sanctions Oil Output
(DBN)

Comparing 4 Majors Offshore Driller And Their Vanishing Backlog
(DBN)

Trump's drilling talk is long on hype, light on economics
(DBN)

The Pressure Mounts For Oil & Gas To Manage Spend
(DBN)

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Politics:

Trump Vaults Ahead A new poll shows Trump ahead of Clinton – here's what that really means Trump’s ‘taco truck’ supporter stole from client and cheated bankruptcy creditors A newspaper that hasn't endorsed a Democrat for president in 7 decades shreds Trump as 'not qualified' Donald Trump’s Alt-Right Brain How Trump's comments prove he's just like Mitt Romney in one crucial way Trump's Unimpressive Support From Military Leaders What a liberal sociologist learned from spending five years in Trump’s America Hillary Clinton: Donald Trump 'clearly has something to hide' in tax returns 'The list is growing' Trump: 'I'll release my tax returns immediately' if Hillary releases her deleted emails The Disgraced Generals Backing Trump Trump's History of Corruption is Mind-Boggling
(DBN)

Why Hillary Clinton's perceived corruption seems to echo louder than Donald Trump's actual corruption. New 50-state presidential poll shows closer race but advantage for Hillary Clinton Stiglitz: Hillary Clinton is more progressive than Obama Save the Republican Party: Vote for Clinton Jason Chaffetz Requests New Investigation into Clinton Email Deletion The FBI report on Hillary Clinton’s private email server, explained The Many Paradoxes of the Front-Runner, Hillary Clinton Hillary Clinton suggests Russian hackers could tilt US election to Trump Hillary Clinton Raises More Than Donald Trump From Oil Industry Hillary Clinton's campaign fires back at Trump's 'presidential look' jab Tim Kaine tears into 'self-obsessed' Donald Trump
(DBN)

Obama, Duterte and other notorious political insults
(DBN)

Elizabeth Warren Hopes to Be the Clinton Cabinet’s Bouncer Elizabeth Warren Emerges as Hillary Clinton’s Progressive Nemesis
(DBN)

Democrats May Win Senate, But Hopes Dim for Anti-Trump Landslide
(DBN)

Report: Goldman Sachs Contribution Ban for Partners Affects Trump Campaign
(DBN)

Clinton, Trump Enter Final Stretch to White House
(DBN)

Nancy Pelosi to Paul Ryan: Bar Republicans from using leaked documents
(DBN)

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Amusement Parks:

Bankruptcy Court approves Conneaut Lake Park's bankruptcy plan
(DBN)

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Food/Beverage:

How Golden Corral is taking advantage of a competitor’s bankruptcy
(DBN)

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Trucks:

Navistar Steps Off The Bankruptcy Brink With Volkswagen Partnership
(DBN)

Heavy-Duty Truck Orders Extend Slump
(DBN)

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Media:

Hogan Accuses Gawker Editor Of Blowing 'Tens of Thousands of Dollars' Pampering Himself
(DBN)

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Solar:

SunEdison Creditors Won’t Block Plan to Sell Clean-Energy Assets
(DBN)

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Golf:

Creditors make offer to buy Westport Golf Course
(DBN)

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Celebs:

Abby Lee Miller Bankruptcy Fraud Hearing Postponed
(DBN)

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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 (Temporarily Unavailable)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (94 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:

CFPB Consumer Complaint Narratives: What They Say About Bankruptcy
(DBN)

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Involuntary Bankruptcy:

3rd Cir. Says State Law Claims Not Preempted by Bankruptcy Code’s Involuntary Case Provisions
(DBN)

Punitive Damage Claim from Involuntary Dismissal Brings Jury Trial Rights
(DBN)

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Avoidance Actions:

Asset Protection’s Significant Setback Is Great News For Creditors
(DBN)

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Ch. 13:

Balloon Payments Are Allowed In Chapter 13 Plans, Says Judge Carter In Middle District Of Georgia
(DBN)

Chapter 13 Plan Ok’d with Balloon Payment for Secured Lender
(DBN)

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Safe Harbors:

SDNY Rules that Distribution of Liquidated Swap Agreement Collateral is Protected by the Safe Harbor in Bankruptcy Code Section 560
(DBN)

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Recharacterization:

Recharacterization: It’s The Substance Of The Transaction That Matters
(DBN)

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Proofs of Claim:

Can I Be Sued for Filing a Time-Barred Claim? Fourth Circuit Weighs In
(DBN)

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Healthcare:

The government is trying to figure out how to stop people cheating Obamacare
(DBN)

The Incredible Shrinking Obamacare
(DBN)

A plan that's widely used by companies to keep healthcare costs down is a sham
(DBN)

New York to probe Mylan EpiPen contracts for schools Mylan hit with class action lawsuit over EpiPen price increases
(DBN)

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Coal:

Peabody’s Incredible Comeback Plan
(DBN)

Retired coal miners at risk of losing health benefits
(DBN)

$90M investment for 2 new coal mines
(DBN)

Battered Coal Companies Courted State AGs to Fight Climate Rules
(DBN)

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Newspapers:

Philadelphia: Local newspaper company files for bankruptcy
(DBN)

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Music:

SFX Entertainment sells out Electric Zoo Festival, tweaks bankruptcy plans
(DBN)

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Retailing:

Pacific Sunwear Has ‘Retailer’s Dream’ as Bankruptcy Wraps Up
(DBN)

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Fraud:

Bank's Role In Ponzi Scheme Not Covered, 11th Circ. Told
(DBN)

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Autos:

Subprime Loans Work Well for Auto Lenders
(DBN)

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UK:

Pensions briefing - Bankruptcy and Pensions
(DBN)

British manufacturing took a big hit from Brexit
(DBN)

AM Widdowson creditors left close to £13m out of pocket after pre-pack
(DBN)

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PIIGS:

Spain recoups only a fraction of funds pumped into bank bailouts
(DBN)

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Brazil:

Oi Offers 70% Haircut for Bonds in Bankruptcy Recovery Plan
(DBN)

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MENA:

UAE set to enact bankruptcy law as companies grapple with downturn
(DBN)

Q&A: What you need to know about the UAE bankruptcy law
(DBN)

UAE government working on personal insolvency law
(DBN)

Bankruptcy invites Dh1m fine, jail in UAE
(DBN)

New UAE bankruptcy law to ease pressure to flee
(DBN)

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South Korea:

Courts overwhelmed by surging insolvent companies
(DBN)

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India:

Lenders to discuss restructuring of Essar Steel's long-term debt
(DBN)

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Austria:

Austria Opens Final Chapter in $12 Billion Heta Debt Dispute
(DBN)

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China:

Shanghai Developer Missing Bond Coupon Flags Property Debt Risks
(DBN)

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