September 9, 2016

The Daily Bankruptcy News

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Law:

New York Outpost Of British Firm Cutting Lawyer Headcount, Including Partners
(DBN)

Layoff Watch: Mass In-House Layoffs After Mega-Merger
(DBN)

LeClairRyan to pay $20M settlement in bankruptcy of client investigated for alleged kickbacks
(DBN)

Surviving A Leadership Coup D’état
(DBN)

Litigation Funder Wins Stake in $213M Renco Bankruptcy Judgment
(DBN)

Revealed: Lawyers are the most right-swiped profession
(DBN)

Mis-scoring Of Bar Exam Continues To Haunt Impacted Students
(DBN)

There’s A Lot More To This ‘Dean Calling Out A Student For Sexism’ Story
(DBN)

Ethical duty to stay abreast of changes in technology
(DBN)

The Dan Markel Case: No Resolution In Sight The Dan Markel Case: Some Updates On The Trials Police Reveal Evidence Tying Adelson Family To Dan Markel's Murder (Including $1 Million Offer To Allow Children To Move To Miami, Communication And Money Trail To Hit Men), But Prosecutors Say It Is Not Enough
(DBN)

Can Two Dozen GCs Bring Diversity to Law Firms?
(DBN)

Decades Of Success In The Courtroom
(DBN)

Jamie Dimon Doesn’t Care That You Work At Skadden Arps
(DBN)

Should You Really Buy the new Apple iPhone 7?
(DBN)

Louisiana’s PD system is so underfunded that tax lawyers and even a prosecutor handle defense work
(DBN)

Ammon and Ryan Bundy won’t be allowed to wear their preferred cowboy attire at trial
(DBN)

Public Defenders: Lawyer with a Pulse Will Do
(DBN)

5 Ideas For Season 2 Of ‘The Night Of’
(DBN)

How Sleep Deprivation Affects Your Day At The Office
(DBN)

Client mounts d---- attack on lawyers after harassment arrest
(DBN)

Trump University Trial May Have to Wait for The Turtles
(DBN)

New Tom Hanks Movie Gets Thumbs Down From Big Law Partner
(DBN)

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Judges:

Ginsburg thinks ‘cooler heads will prevail’ in Senate that refuses to vote on Garland nomination
(DBN)

In The Ninth Circuit, Nobody Can Hear You Scream
(DBN)

A Detailed Dive Into The Rape Allegations Against A Former Federal Judge
(DBN)

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Wall Street:

U.S. stock futures tilt lower as Fed officials line up to speak
(DBN)

Stocks close lower, Nasdaq snaps 4-day win streak
(DBN)

Desperate traders pin hopes on the Fed and the elections for fall
(DBN)

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Layoffs:

Dell to cut 2,000-3,000 jobs
(DBN)

Omaha Power District: 400 jobs to go
(DBN)

Nearly 120 miners facing layoffs in eastern Kentucky
(DBN)

Wells Fargo Fires 5,300 Over Phony Customer Accounts
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Education:

The for-profit education sector has exploded in the last 15 years — here's why
(DBN)

What's Next for ITT Tech's Students and Their Half a Billion in Debt?
(DBN)

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Food/Beverage:

Chipotle's decline is unstoppable
(DBN)

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Coal:

Clinton backs bill to protect benefits for ex- coal miners
(DBN)

Peabody Energy’s Pathway Out Of Bankruptcy Leads … Backs To Bankruptcy , Says IEEFA
(DBN)

Why 10,000 coal miners are descending on Washington
(DBN)

US says will keep watch over bankrupt Peabody's self-bonding
(DBN)

As coal declines, 10,000 workers remain to support 120,000 retirees
(DBN)

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Fraud:

Wells Fargo reaches $185 million settlement to settle secret account fraud case 5300 Fired For Creating Millions Of Phony Accounts. Um, Where Was Compliance?
(DBN)

Court Orders 91-Day Bar Suspension for Nevin Shapiro's Attorney
(DBN)

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Shipping:

The 'ghost fleet' of cargo ships with nowhere to go is going to hurt a lot of US companies
(DBN)

The Ghost Ships of Hanjin and Why They're Spoiling Christmas
(DBN)

Hanjin cargoes in limbo as creditors squeezed
(DBN)

There is a $14B problem bobbing in the ocean
(DBN)

Hanjin Cargo Woes Deepen as Bank Cools Plea for Funds
(DBN)

Assembly slams handling of Daewoo, Hanjin
(DBN)

Bankrupt Boxes
(DBN)

The World Has Too Many Ships and Not Enough Stuff to Put on Them
(DBN)

How The Hanjin Bankruptcy Could Impact Oil Prices
(DBN)

Artist Stranded on Cargo Ship in Pacific Ocean
(DBN)

How low interest rates are brewing a shipping crisis worse than the 1980s
(DBN)

Samsung seeks court order to remove goods from Hanjin vessels
(DBN)

Ports Can Expect Months of Disruption
(DBN)

Situation of Hanjin Shipping Unlikely to Get Better in the Near Future
(DBN)

Korean Air Lines delays decision on funding plan for Hanjin Shipping
(DBN)

From steaks to furniture, Hanjin Shipping collapse to raise freight costs
(DBN)

South Korea’s big three yards to slash manpower by another 30%
(DBN)

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Video Games:

Cisco's Network Bugs Are Front and Center in Bankruptcy Fight
(DBN)

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Agriculture:

Farmers searching for answers in grain company insolvency
(DBN)

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Defaults:

S&P: 2016 Global Corporate Default Tally 50% Ahead of 2015 Pace
(DBN)

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Auto Racing:

Grand Prix auction total not so grand
(DBN)

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Economy:

U.S. Service-Sector Revenue Growth Accelerated in Second Quarter
(DBN)

Jobless claims dip to 2-month low of 259,000
(DBN)

A Rock-Star Economist's Warning on Low Rates
(DBN)

Why So Few Economists Are Prepared to Say Recession Risks Are Fading
(DBN)

Krugman: The richest Americans should have a tax rate over 70%
(DBN)

Bair: It's Past Time to Raise Interest Rates
(DBN)

What Will It Take to Save the Middle Class?
(DBN)

Fed's Beige Book Shows Rising Wages, but Muted Inflation Pressure
(DBN)

3 reasons a Fed rate hike is off the table till 2017
(DBN)

Consumer borrowing grows by $17.7 billion in July
(DBN)

BofA CEO: The most important part of the US economy is in 'good shape' Bank Of America: There's a 20%-50% chance we're inside the matrix and reality is just a simulation
(DBN)

Wave of profit and sales warnings puts spotlight on new risks companies face
(DBN)

The gig economy keeps growing and that's a problem for the IRS
(DBN)

U.S. lags other countries in wage growth
(DBN)

Making the Fed more like Congress is not a good idea
(DBN)

US Debt Clock
(DBN

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

13 markets where you're most likely to see vacant, 'zombie' homes
(DBN)

The 10 most affordable places to buy a home in the US
(DBN)

Wiping out housing's 'zombies': Banks sell off foreclosed remnants of crash
(DBN)

Ocwen given OK to move forward on 17,000 foreclosures
(DBN)

Litigation making success elusive for Santa Fe Railyard
(DBN)

Deutsche Bank faces $2.4 billion-plus U.S. settlement demand
(DBN)

Las Vegas Real Estate in August: Sales up 10% YoY, Inventory down 15%
(DBN)

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Municipalities:

What Bankruptcy Law Can and Cannot Do for Puerto Rico
(DBN)

So, Just What Are General Obligation Bonds?
(DBN)

Bankruptcy Not City's Out on Excessive Force Claims Vallejo officers cannot use city’s bankruptcy to reduce excessive force judgment
(DBN)

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Oil/Gas:

Crude oil is spiking after the biggest inventory drop in nearly 2 decades Oil pops more than 3 percent after huge crude drawdown Oil prices pull back after rallying on drop in U.S. crude supplies
(DBN)

What’s Behind The Epic Draw In U.S. Crude Stocks?
(DBN)

Resource Energy enters in stalking horse agreement with Samson Resources covering Williston Basin assets
(DBN)

Oil Production Cap Considered Unlikely by Analysts
(DBN)

Texas Revenues Take $1bn Hit on Oil and Gas
(DBN)

Seadrill's Bankruptcy Risk Is Very Real
(DBN)

Halcon Resources $2B Ch. 11 Confirmed, Next-Day Exit Seen
(DBN)

A pessimistic view on Canadian oil and gas: We need to get better faster
(DBN)

Iran oil output stagnates amid OPEC bargaining
(DBN)

OPEC oil exports hit new record
(DBN)

Asia Oil, Gas Layoffs Mount as Industry Recovery Stays Elusive
(DBN)

Only Higher Prices Can Prevent The Imminent Natural Gas Bust
(DBN)

Most Oil Industry Experts See Oil Below $60 Through 2017
(DBN)

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Politics:

Trump's 'Take the Oil' Plan Would Violate Geneva Conventions, Experts Say Obama: Trump Not Qualified to Be U.S. President Tough Debate Moderation Won't Stop Donald Trump Trump Time Capsule #98: The Classified Briefing The 30 Million Immigrants Trump Would Turn Away Donald Trump has successfully exhausted our ability to be shocked Trump Nation: Informed Guesses Taibbi: How Trump Lost His Mojo Why Trump is Gaining on Clinton Here's the bill for Trump's military buildup Wall Street Shuns Donald Trump While Backing Republicans Florida newspaper calls for federal investigation into the Trump Foundation Donald Trump’s ‘Big Liar’ Technique
(DBN)

Paul Ryan splits with Donald Trump on Russian leader Vladimir Putin
(DBN)

Reporter to Clinton: If Trump is so bad, shouldn’t you be ‘running away’ with election? 'Unpatriotic' and 'scary': Clinton blasts Trump's declaration that Putin is a better leader than Obama Hillary Clinton Criticizes Donald Trump for Talking About Classified Security Briefing RNC Chairman Reince Priebus Criticizes Hillary Clinton For Not Smiling Nobody ever tells Donald Trump to smile Powell Email to Clinton is Revealing Facts & Falsehoods of the Clinton Foundation Hillary Clinton opens up about being perceived as 'cold and unemotional' Now Powell Goes on Defense Over Emails
(DBN)

Gary Johnson stuns MSNBC host when asked about Syrian city Aleppo Gary Johnson: If I had to choose between Clinton and Trump with a gun to my head, I'd 'let it go off'
(DBN)

Obama breaks into laughter when reporter asks him to respond to Trump's thoughts on his legacy
(DBN)

Who's Winning the Presidential, Senate and House Elections?
(DBN)

House Showdown on Impeaching IRS Chief
(DBN)

How Phyllis Schlafly led America to Donald Trump
(DBN)

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Trucks:

Navistar's Third Quarter Loss Widens as Big Truck Sales Sag Navistar Loss Widens , Receives Subpoena From Defense Department
(DBN)

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Seafood:

Two main creditors agree to help Oceanus stay afloat
(DBN)

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Hotels:

Preparing for the Next Hotel Industry Downturn: How managers and franchisors can protect their interests
(DBN)

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Debt Collection:

FDCPA Case Law Review for August 2016, a Busy Month
(DBN)

Modern Day Debtors' Prison? Suit Attacks ‘Hot Check Court'
(DBN)

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Media:

Travelers wants out of Hulk Hogan lawsuit
(DBN)

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Electricity:

EFH Lenders Say Plan Disclosure Fuzzy On Make-Whole Claims
(DBN)

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Turnarounds:

How to Pull Your Company Out of a Tailspin
(DBN)

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Retailing:

Mall REITs’ Bid for Aéropostale a New Survival Strategy for Retail Landlords?
(DBN)

New Amazon data from Wall Street should terrify all retail stores in the US
(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 (13 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (116 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:

Commercial bankruptcies are soaring
(DBN)

August 2016 Bankruptcy Statistics- State and District Commercial Filings
(DBN)

Commercial Chapter 7 Filings by Month, 2015 vs. 2016
(DBN)

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Subordination:

Bankruptcy Court Finds No Inequitable Conduct and Rejects Motion to Equitably Subordinate Claim and Deny Credit Bidding Rights
(DBN)

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Ch. 13:

BK ND NY Deciding Whether To Adopt National Ch. 13 Plan
(DBN)

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Cross-Border:

In Re Sanjel (USA), Inc.: Bankruptcy Court Denies Comity to Canadian Court's Injunction Protecting Officers and Directors
(DBN)

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Exemptions:

Judge Ameliorates Louisiana’s Stingy ‘All or Nothing’ Exemption for Wedding Rings
(DBN)

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Mediation:

Incongruity = What’s With Bankruptcy Courts Ignoring Federal Mediation Law? (Part 2)
(DBN)

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Proofs of Claim:

Divided Court Rules Proof of Claim for Stale Debt Does Not Violate FDCPA
(DBN)

Class Claims In Bankruptcy: Lessons From PacSun
(DBN)

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Credit Bidding:

Secured Creditors Can Chill a Bit Following Aeropostale Ruling
(DBN)

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Insurance:

Life Partners' Lender Seeks Locke Lord DQ From Bankruptcy
(DBN)

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Tax:

Denmark becomes the first nation to pay for the leaked data in the Panama Papers
(DBN)

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Mass Torts:

Insurers Want $19M From Asbestos Lawyers
(DBN)

3rd Circ. Won't Rehear Flintkote Property Contamination Suit
(DBN)

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Celebs:

'L&HHATL' Star Dawn Heflin Files For Bankruptcy
(DBN)

America's Next Top Model's Jourdan Miller has filed for bankruptcy
(DBN)

SEC seeks ruling to get $101M in unpaid fees from Charles Wyly estate
(DBN)

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UK:

OECD Signals Little Impact From Brexit Vote
(DBN)

So what will Brexit really mean?
(DBN)

GCs get set to Brexit
(DBN)

Bankruptcy - what happens if the petitioning creditor has an ulterior purpose?
(DBN)

3 ex-Tesco execs charged over accounting scandal
(DBN)

Sir Philip Green: I am working every day on BHS pension crisis
(DBN)

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PIIGS:

Monte dei Paschi CEO steps down as cash call looms
(DBN)

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Canada:

Contempt and Bankruptcy: Striking the Right Balance
(DBN)

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Brazil:

Brazil's Oi says shareholder meetings still suspended by bankruptcy court
(DBN)

Investors say bid for Brazil's bankrupt Oi can win over creditors
(DBN)

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Bahamas:

Ex-Contractor Chief Fears ‘Poor Results’ On CCA Collection
(DBN)

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Denmark:

Historic Tax Fraud Rocks Denmark as Loss Estimates Keep Growing
(DBN)

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MENA:

UAE Bankruptcy law
(DBN)

Saudi Oger faces huge debt restructuring as rescue talks collapse

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Australia:

Insolvency expert uses Bandido biker enforcer to settle debts
(DBN)

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South Korea:

Hanjin bankruptcy: Are Korea’s ‘chaebols’ in crisis?
(DBN)

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Germany:

Guidelines for creditors participating in financial restructurings
(DBN)

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Thailand:

Business Reorganization In Thailand: Steps And Procedures.
(DBN)

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China:

Lame-Duck Bankruptcy Institutions Under Government Intervention in Reorganization of Listed Companies in China
(DBN)

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