April 11, 2017

The Daily Bankruptcy News

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Law:

2 Law Profs From Same School Pitted Against Each Other In Congressional Race
(DBN)

Another Biglaw Firm Raises Billing Requirements In The Wake Of The Pay Raise
(DBN)

New York Biglaw Makes Waaaay More Money Than The Rest Of You
(DBN)

Why Billable Hours Are Like Clickbait
(DBN)

New York's High-Flying Firms Hit New Heights in Profits, Revenue
(DBN)

Taking, and Opening, a Bar in Delaware
(DBN)

Women Plaintiffs Lawyers Fight to End MDL 'Boys Club'
(DBN)

For Some Big Firms, It's Still All About That IPO Equity
(DBN)

Harry Reid Takes Fellowship at UNLV Law School
(DBN)

Number of LSAT test takers is up, but the surge isn’t helping law schools
(DBN)

After 20 Years as Fugitive, Ex-Hunton Partner Arrested in Florida Former Hunton partner is arrested in Florida after disappearing nearly 20 years ago
(DBN)

Fight Over 2 Big Law Accounts Sparks Legal Tech Spat
(DBN)

Report faults Wells Fargo's Law Department in Sham-Accounts Scandal
(DBN)

Florida sheriff taunts drug dealers in bizarre viral video
(DBN)

Federal court: Texas voter ID law intended to discriminate
(DBN)

From The Courtroom To The Boardroom: Lawyers Belong On Boards, Not In Punchlines
(DBN)

Paul, Weiss Investigating Bill O’Reilly
(DBN)

Associate can’t sue over bonus determined by an ‘intangible accounting device,’ law firm says
(DBN)

Classroom murder-suicide leaves an 8-year-old boy dead in shooting at San Bernardino elementary school

21 unprofessional habits that make your employees hate you
(DBN)

Commission Of Forensic Scientists No Longer Needed Now That Sessions Is In Charge
(DBN)

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Judges:

Bankruptcy judge shortage could 'cripple' Delaware
(DBN)

Trump Cheers Elevation Of Gorsuch To Supreme Court Meet the newest Supreme Court justice — Neil Gorsuch — his rulings say a lot about his judicial style 'This is your day': Watch Neil Gorsuch swear in as a Supreme Court justice Here's where the new Supreme Court justice, Neil Gorsuch, likely stands on controversial issues What’s Next for Justice Gorsuch? Religious Freedom Or Religious Preference? Neil Gorsuch Will Decide Next Week Gorsuch takes two oaths of office to become a Supreme Court justice
(DBN)

Gorsuch’s Swearing-In Ceremony Was Designed to Coax Justice Kennedy Off the Bench
(DBN)

Experts Are Predicting An Uptick Of Four ‘Gorsuch Confirmation Babies’ Born 9 Months From Now
(DBN)

GOP May Come to Regret Nuclear Option
(DBN)

How one man handpicked one-third of the Supreme Court
(DBN)

Judge Killed Outside His Chicago Home Judge is fatally shot outside his Chicago home; he had been beaten by a motorist in 2015
(DBN)

Court worker who claimed judge libeled her in irrelevant footnote loses on immunity ground
(DBN)

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Wall Street:

U.S. stock futures point to equity market remaining stuck in a rut
(DBN)

Stocks close flat as geopolitical tensions remain; energy leads
(DBN)

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Layoffs:

Retailers make sharp job cuts as consumers migrate online
(DBN)

Aerojet Rocketdyne to cut 1,100 jobs
(DBN)

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Banking:

Wells Fargo board claws back another $28 million from former CEO John Stumpf Wells Fargo to Claw Back $75 Million From 2 Former Executives 'Best banker in America' blamed for Wells Fargo sales scandal How Wells Fargo's Carrie Tolstedt Went from Fortune Most Powerful Woman to Villain
(DBN)

Seven Wells Fargo Managers in Board's Review—and Their Fates
(DBN)

Wells Fargo's Workers Lives Were a Living Hell
(DBN)

Wells Fargo lawyers focused on managing risks rather than possible illegal pattern, report says
(DBN)

Here's an entirely new way to hijack a bank
(DBN)

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Retailing:

The retail apocalypse is having a terrifying impact on one corner of Wall Street
(DBN)

What in the World Is Causing the Retail Meltdown of 2017?
(DBN)

Tiger Capital Group and Great American Group to Liquidate 48 Gordmans Stores
(DBN)

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Politics:

GOP owns health care dilemma now, and voter skepticism
(DBN)

Only 1 in 5 of Trump's Twitter followers are women
(DBN)

The Days of Alabama's 'Luv Guv' Are Numbered
(DBN)

DeVos Security Detail Costs $1M Per Month
(DBN)

Trump Organization exits the modeling business
(DBN)

'Phony,' 'failing,' 'worthless' — here are all the names Trump has called this year's Pulitzer Prize winners
(DBN)

‘People Just Flat-Out Lie’
(DBN)

FactCheck: McConnell Revises History
(DBN)

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IT:

Capgemini starts bidding process for parts of Ciber as it enters bankruptcy Ciber files for bankruptcy with $50M buyout offer Capgemini set for stalking horse splash of $50m on bankrupt Ciber
(DBN)

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Celebs:

Abby Lee Miller Makes Instagram Promise To ‘Dish The Dirt’ On ‘Dance Moms’ Before Bankruptcy Fraud Sentencing
(DBN)

8 reality stars who have fallen the furthest
(DBN)

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Education:

New York is the first state to make 4-year college tuition free for middle-class students
(DBN)

Colleges' Endless Pursuit of Students
(DBN)

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Retailing:

American Retail Stores Closing At Faster Pace Than During 2008 Recession
(DBN)

This retailer could triple its revenue over the next five years
(DBN)

8,500 Retail Stores May Close This Year
(DBN)

Sears Holdings Isn't Going Bankrupt This Year
(DBN)

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Solar:

Owners of Solar Yieldcos Head Toward Door Marked `Sell'
(DBN)

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Corporate Reform:

‘Twenty-First Century Glass Steagall’ Still Just A Meaningless Assemblage Of Words
(DBN)

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Economy:

Yellen Signals Shift From Stimulating Economy to Sustaining Growth Fed's Yellen aims to let 'healthy' US economy coast along

President Trump No Longer Has a Tax Plan
(DBN)

Third of Car Owners Can't Afford Major Repair
(DBN)

Are Consumers Back to Free Spending Ways?
(DBN)

The New Shape of US Household Debt
(DBN)

Consumer Credit Delinquencies Fluctuate in Fourth Quarter
(DBN)

Trump-taxes: President scraps tax plan, timetable threatened Trump's tax plan is already hitting speed bumps Tax reform by August? How President Trump can get it done
(DBN)

Here's the 'eye-popping' chart BlackRock CEO Larry Fink shared in his annual letter
(DBN)

Retail to Jobs Report: Yeah, We Get It
(DBN)

Trump Takes Credit for Planned $1.33 Billion Toyota Spending
(DBN)

Volvo's First US Factory Is Shaping Up to Employ 2000 Workers Volvo Cars concerned about possible US import tax Volvo Is Coming to America
(DBN)

Trump considers trade order that could lead to duties: Official
(DBN)

Trump to Meet U.S. Business Leaders on Infrastructure, Tax Reform: Source
(DBN)

World's Largest Investor: There's a big problem with America's plans for retirement
(DBN)

Researchers studied whether rich people are truly different from everyone else — here's what they found
(DBN)

The $7 Trillion Hazard That Lies Beneath the M&A Boom
(DBN)

The Airline Industry Is a Starving Giant That’s Gnawing At Our Economy
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

 

Survival Of The Fittest
(DBN)

Mission nearly impossible this spring: Finding a home to buy
(DBN)

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Municipalities:

Cities Hit Hardest by Extreme Poverty
(DBN)

The cost of California’s public pensions is breaking the bank.
(DBN)

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Oil/Gas:

These 4 Oil Stocks Cratered in March
(DBN)

Back From The Brink Of Bankruptcy
(DBN)

Linn Energy OK’d for trading on over-the-counter market
(DBN)

Barron's likes six E&P companies emerging stronger out of bankruptcy
(DBN)

Oil rises, but winning streak shows signs of fatigue
(DBN)

Oil Markets Turn Bullish Amid Spiking Geopolitical Risk
(DBN)

Is Another Bust Looming Over The Oil Industry?
(DBN)

Oil Surplus Or Scarcity? Shale Makes It Even Harder To Predict
(DBN)

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Metals:

A. M. Castle & Co. Announces Agreement in Principle With Stakeholders to Complete a Comprehensive Financial Restructuring
(DBN)

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Autos:

Tesla Hits a New Milestone, Passing GM in Valuation No Profits for Tesla This Year -- or Next Year Either, Warns Analyst Traders have lost billions of dollars betting against Tesla The Tesla bubble just got terrifying Tesla's 'crazy' climb to America's most valuable car company
(DBN)

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Banking:

10 shocking passages from the Wells Fargo report on aggressive sales practices
(DBN)

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Student Debt:

States say these student loans were ‘designed to fail’
(DBN)

Navient Lawsuit Challenges Student Loan Bankruptcy Laws
(DBN)

The US college debt bubble is becoming dangerous
(DBN)

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Coal:

Peabody Energy emerges from bankruptcy; it's better positioned for the future, expert says
(DBN)

The spectacular surge in coking coal prices caused by Cyclone Debbie
(DBN)

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Food/Beverage:

Rupari Foods Plans to File for Chapter 11 Bankruptcy
(DBN)

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Taxis:

Bankrupt Yellow Cab swallowed up by smaller competitor
(DBN)

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Mining:

Cliffs, Magnetation in running for Essar site
(DBN)

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Shipping:

Prepackaged option grows for DSME as NPS remains skeptical of voluntary workout
(DBN)

Time Running Out for World’s Top Shipbuilder as Creditors Argue
(DBN)

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Healthcare:

Death of a cancer lab
(DBN)

Obamacare Death Spirals Aren't Happening
(DBN)

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Climate:

Legendary Climate Scientist Likes a GOP Proposal on Global Warming
(DBN)

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Debt Collection:

Consumers Bait Collectors With New Script to Manufacture FDCPA Claims
(DBN)

Debt collector returns $2.7 million to victims
(DBN)

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Non-Profits:

Trustee Sues Nonprofit Board after Bankruptcy Leaves Adoption Clients in the Lurch
(DBN)

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New Bankruptcy Opinions
(9 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (9 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (17 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:

The rate at which companies are filing for bankruptcy is spiking
(DBN)

Weekly Bankruptcy Claims Trading Activity
(DBN)

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Finance:

NJ Bankruptcy Case Takes Aim at Small Business Financing — Merchant Cash Advances and Bank Partnerships
(DBN)

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Miscellaneous:

Insolvency Procedures In US
(DBN)

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Structured Dismissal:

Supreme Court Absolutely Affirms the Absolute Priority Rule
(DBN)

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Avoidance Actions:

Debtor’s Prepetition ParentsPlus Loans for his Children to Attend Penn State were Not Fraudulent Transfers that Trustee Could Avoid
(DBN)

Deepening the Divide: Court Rules That Bankruptcy Code's Avoidance Provisions Do Not Apply Extraterritorially
(DBN)

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Discharge:

Delaware District Court finds that Bankruptcy Court Cannot Enter a Final Order Releasing Third-party Claims Without Constitutional Authority
(DBN)

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Proofs of Claim:

Bad Proofs of Claim Can Be Very Expensive
(DBN)

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Consignments:

Battle Between Prepetition Lender and Consignor Over Inventory Continues – Bankruptcy Court Holds Parties Cannot Contract to Subject Relationship to UCC
(DBN)

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Jurisdiction:

Bankruptcy Jurisdiction Over Foreign Entities: Exorbitant or Congruent?
(DBN)

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Travel:

United responds after shocking video shows doctor being dragged from plane United CEO's response to passenger being dragged from plane made it way worse Bill O'Reilly laughs at 'bizarre' United Airlines incident where a passenger was dragged off of a flight Flight Overbooked? Your Legal Rights Not so friendly skies: United Airlines' public relations disaster 'He was a really sweet man': fellow passenger defends United customer dragged off flight Experts: Why Did United Do That? Feds Now Looking into United Incident United is investigating why authorities dragged a passenger off a flight — here's what it found
(DBN)

United’s stock is set to fall 2% and wipe $500 million off the airline’s market cap
(DBN)

How often airlines involuntarily bump passengers (United isn't the worst)
(DBN)

Here’s the time a Nobel-prize-winning economist got ejected from a United flight
(DBN)

Delta meltdown over? Monday flights better, but some delays
(DBN)

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Nuclear:

A Bankruptcy of Nuclear Proportions
(DBN)

Westinghouse bankruptcy counsel nets $9.8M so far
(DBN)

Fairfield Co. nuclear plant hangs in the balance
(DBN)

Troubled Toshiba reports unaudited results after 2 delays Toshiba files earnings without auditor endorsement, delisting risk rises Toshiba Casts Doubt on Its Ability to Stay in Business Toshiba Warns of Its Ability to Continue as Going Concern
(DBN)

Westinghouse Bankruptcy Shakes The Nuclear World
(DBN)

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UK:

Jaeger collapses into administration putting 680 jobs at risk Fashion chain Jaeger collapses into administration
(DBN)

Court rejects Irwin Mitchell bankruptcy petition against client
(DBN)

Pensions lifeboat fund downplays insolvency abuse fears
(DBN)

Insolvency Procedures In UK
(DBN)

Scotland Welcome to Join EU After Brexit
(DBN)

The EU wants Britain to pay a high price for a Brexit transition deal Will London Fall?
(DBN)

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Canada:

Insolvency Procedures In Canada
(DBN)

After 17 years, a North Vancouver private surgery centre declares bankruptcy
(DBN)

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India:

Bankruptcy stares actress Kim Sharma in face after husband drops her for another woman
(DBN)

The Insolvency and Bankruptcy Board of India (IBBI) notifies Corporate Voluntary Liquidation Process Regulations, 2017
(DBN)

US firm's bankruptcy puts Andhra nuke power project under a cloud
(DBN)

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Turkey:

Insolvency Procedures In Turkey
(DBN)

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Germany:

Insolvency Procedures In Germany
(DBN)

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Russia:

Insolvency Procedures In Russia
(DBN)

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China:

Huishan Dairy says banks claim US$200m loan default Huishan Dairy defaults on loan as financial woes deepen
(DBN)

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Australia:

Insolvency And Director Liability Law Reforms
(DBN)

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Asia:

Asian Nations Swimming in Debt at Risk From Fed Rate Hikes
(DBN)

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Ukraine:

EBRD says reform of Ukraine's Naftogaz in danger of unraveling
(DBN)

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