April 4, 2017

The Daily Bankruptcy News

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Law:

These Two Firms Circled Each Other, But Walked Away
(DBN)

Crowell & Moring, Herrick Call Off Tie-Up Talks
(DBN)

Deadline for Diversity Issued by Top MetLife Lawyer
(DBN)

The Peculiar Alchemy of 2017's Two Big Mergers
(DBN)

Schulte Roth Holds Steady With Modest Increases in its 2016 Financial Results
(DBN)

The Worst Of Biglaw
(DBN)

The Legal Vertical Is Already Corporatized; Law Firms Should Be Permitted To Operate That Way, Too

The Power Of Collaboration
(DBN)

UC law schools awarded damages after wrongful foreclosure by Bank of America
(DBN)

Trump's 'pitbull' personal lawyer will serve as key RNC finance executive
(DBN)

The Lawyers In The Trump White House: How Much Are They Worth? (Part 1)
(DBN)

Will Deal Flow Be an Unexpected Bust in 2017?
(DBN)

Legal Departments Face High Data Breach Risk, But Few Easy Solutions
(DBN)

Investment fund fires Morgan Lewis over Trump representation Morgan Lewis' Work For Trump Angers Client Fund Client Explains Decision to Fire Morgan Lewis
(DBN)

Former Brooklyn prosecutor pleads guilty to forging judges’ signatures to obtain wiretaps
(DBN)

Fox News contributor files explosive harassment lawsuit against network and ex-CEO Roger Ailes
(DBN)

Federal judge says Trump’s campaign rally command could have incited violence, allows suit Court Takes Trump Literally, Allows ‘Incitement’ Suit Against Him To Go Forward
(DBN)

Sessions to Dial Back Obama Police Reforms
(DBN)

Justice Thomas' Doubts on Civil Forfeiture
(DBN)

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Judges:

The Senate is facing a 'nuclear' showdown Democrats secure enough votes to block Gorsuch, setting stage for 'nuclear option Going Nuclear for Neil Gorsuch Senate Judiciary Committee approves Gorsuch nomination; Democrats have enough votes for filibuster The Final Battle for the Senate is Nigh
(DBN)

A Supreme Court Nomination Scuttled Over Adoption
(DBN)

3 Ways To Fix The Supreme Court Confirmation Process
(DBN)

David Boies: Senate Got Off Track on Supreme Court
(DBN)

Magistrate files suit challenging federal judge’s ability to manage her finances
(DBN)

The Ninth Circuit Has No Patience For This Ethically Challenged Attorney

Trump Administration To American Bar Association: ‘You’re Fired’
(DBN)

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Wall Street:

U.S. stock futures dip, with analysts blaming retreat on fears over Trump-Xi summit
(DBN)

Stocks close well off session lows, but still fall, after economic and auto sales data
(DBN)

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Layoffs:

Forget humans — not even American robots can find work in American factories
(DBN)

Buffett's Newspaper Group Slashes 289 Jobs
(DBN)

Trios Health cuts 95
(DBN)

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Religion:

2nd Montana diocese files for bankruptcy
(DBN)

SEC accuses Michigan pastor of leading $6.7 million real estate fraud scheme
(DBN)

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Autos:

America's long, robust boom cycle for car sales may finally be losing steam
(DBN)

Tesla is now bigger than Ford
(DBN)

VW Exec Charged with Conspiracy
(DBN)

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Personal Finance:

The cover letter format that made my job application response rate go from 0% to 55%
(DBN)

7 things people think are terrible for their productivity that actually aren't
(DBN)

What Happens to Your Debt When You Die?
(DBN)

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Autos:

Big 3 carmakers whiff on sales in March
(DBN)

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Retailing:

Mudrick, Shorting Malls, Says Drop in Retail Is ‘Forever Trend’
(DBN)

How Much Damage Would a Sears Bankruptcy Cause?
(DBN)

If Sears Goes Bankrupt, Is Its Craftsman Deal Doomed?
(DBN)

hhgregg Needs A Buyer This Week, Or It’s Liquidating
(DBN)

Attorney: Atlanta business owner gambled away millions, bankrupting her company
(DBN)

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Art:

Art auction houses are offering a new perk to ‘cash poor’ clients
(DBN)

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Solar:

The Sungevity Saga: Is This Any Way to Run a Bankruptcy?
(DBN)

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Tech:

Apple Supplier Learns Downside of Living at Juggernaut’s Mercy
(DBN)

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Student Debt:

Student loan giant Navient on suit: 'no expectation' it will act in 'interest of the consumer'
(DBN)

Student-Debt Overhang Is Pushing Down U.S. Rates, Dudley Says
(DBN)

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Economy:

ISM Manufacturing index decreased to 57.2 in March
(DBN)

Construction Spending increased in February
(DBN)

U.S. households will soon have as much debt as they had in 2008
(DBN)

Americans Give the Economy Its Highest Marks Since Financial Crisis, According to Poll
(DBN)

What's Really Driving the Trade Deficit With China
(DBN)

She Hung on to Middle Class As Long as Possible
(DBN)

Do Millennial Men Want Stay-at-Home Wives? Adventures in garbage millennial confirmation bias
(DBN)

Trump's team is all over the place on trade — but one message is clear
(DBN)

Why the 'Trumpcare' failure may actually be a good thing for tax reform
(DBN)

Ann Coulter says ‘I’ll happily take 69 cents on the dollar, if I never have to pay for dinner’
(DBN)

Taxes Next Year Could be a Nightmare
(DBN)

US tells companies not to overlook qualified Americans
(DBN)

New Car Sales Fell 1.6% in March
(DBN)

Car Sales Become Threat to Trump's Plant Push
(DBN)

Is Minimum Wage Hike Slamming Flagstaff?
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Lawler: Updated Population Projections = Slower Growth, Less Robust Housing Recovery
(DBN)

Black Knight on Mortgages "44 Percent of Q4 Refis Were Cash-Outs, Most Equity Drawn in Eight Years"
(DBN)

Homeowners are pulling cash out again; this time it’s the millennials
(DBN)

Dallas: Homeowners In Limbo After Homebuilder Bankruptcy
(DBN)

The Best Cities to Sell a House
(DBN)

Manhattan real estate stabilizes as prices come down
(DBN)

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Municipalities:

Chicago: Bankruptcy bounces around as backup plan
(DBN)

Alarms Sound About Illinois Ratings
(DBN)

House panel passes bill to take over Gary, Muncie schools
(DBN)

Puerto Rico - First Quarter 2017 Review
(DBN)

Title III Restructuring For Puerto Rico Likely To Result In Significant Paid Claims For Monolines
(DBN)

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Oil/Gas:

Most Lucrative Energy Job? Some Say It's CEO of a Bankrupt Company
(DBN)

Oil Industry Mulls Its Long Term Fate
(DBN)

U.S. oil companies hiked capital spending late last year
(DBN)

Oil Rally Fizzles as Prices Made Vulnerable by Libyan Recovery
(DBN)

Why Ocean Rig Bankruptcy Will Put Pressure On The Market
(DBN)

Ocean Rig creditor may challenge company's restructuring plan Ocean Rig Backer Takes Aim at Company's Restructuring Plan
(DBN)

Rig firm Seadrill warns shares to have little value after restructuring Seadrill warns on 'substantial' losses as bankruptcy fears mount Seadrill Drops to Record Low as It Warns of Shareholder Losses
(DBN)

Norway's Seadrill warns of share, bond wipe-out in restructuring
(DBN)

US Court dismisses claims against Keppel and SembMarine
(DBN)

Secret History of Wall Street's Biggest Oil Bet
(DBN)

OPEC Sees Progress in Oil Production Cuts
(DBN)

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Pharma:

Opioid maker Mallinckrodt agrees to $35 million U.S. drugs probes settlement
(DBN)

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Healthcare:

Arizona hospital falls into bankruptcy less than 2 years after opening
(DBN)

Trump Backtracks on Obamacare Repeal Vote Trump Floats Compromise on Health Care White House officials offer change to health-care bill
(DBN)

Most Kids Dying from Flu Weren't Vaccinated
(DBN)

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Nuclear:

Westinghouse bankruptcy puts $8.3B in federal loan guarantees for Vogtle plant at risk
(DBN)

After bankruptcy filing, new Westinghouse chairman named
(DBN)

Toshiba share price dropped even lower today as it looks to creditor banks for support
(DBN)

Britain turns to Korea to salvage nuclear project
(DBN)

Nuclear Power Is Worth Saving
(DBN)

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Coal:

Coal mining company Peabody emerges from bankruptcy
(DBN)

America’s Biggest Coal Miner Is Joining the Comeback Under Trump
(DBN)

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Wood Products:

Drax winning bidder for bankrupt LaSalle Parish plant
(DBN)

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Accounting:

San Antonio accounting firm faces suit over scheme at defunct bank
(DBN)

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Corporate Reform:

Wall St. Regulator: Leave Dodd Frank Alone
(DBN)

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New Bankruptcy Opinions
(13 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (31 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (1 new filing 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:

Toledo: Bankruptcy filings in area fell 15% in March
(DBN)

Weekly Bankruptcy Claims Trading Activity
(DBN)

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Ch. 13:

BK NM Considering New Mandatory Ch. 13 Plan
(DBN)

Chapter 13 Debtor Could Eliminate Lien on Vehicle Even where Loan had Co-signer
(DBN)

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Mootness:

Equitable vs. Constitutional Mootness: The Eleventh Circuit Provides a Primer
(DBN)

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DIP Finance:

Section 1129(a)(9)(A) Trumps DIP Orders
(DBN)

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Claims:

In GM, Second Circuit Takes a Wrong Turn on Its Treatment of Unknown Claims
(DBN)

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Politics:

'The gullible tool of liars': The Los Angeles Times targets Trump's litany of baseless claims in scathing editorial 'Just asking!': Trump goes on another early-morning tweetstorm about Hillary Clinton and Russia Trump Can Pull Cash from Biz w/o Disclosure Trump: I Don't Lose What Trump Has Lost So Far in Washington

Trump On Healthcare: 'If we don't get what we want, we will make a deal with the Democrats'
(DBN)

Top Obama Adviser Sought Names of Trump Associates in Intel Susan Rice Requested Unmasking of Incoming Trump Administration Officials Why Rice Wanted Names Intel Sweep Blackwater Founder Held Secret Meeting for Trump-Putin Back Channel Blackwater founder repped Trump at secret meeting overseas Carter Page Gave Energy Docs to Russian Spy
(DBN)

Michael Flynn Should Listen to a Lawyer
(DBN)

Post Factual World and Our Fictional America
(DBN)

Why Can't They Find This Huge Voter Fraud?
(DBN)

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Banking:

Saginaw credit union closed by state regulators
(DBN)

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UK:

Cross Border Restructuring and Insolvency Update - March 2017
(DBN)

Adam Plainer appointed President of the Insolvency Lawyers’ Association
(DBN)

Amendments to the Insolvency Act 1986 from 6 April 2017
(DBN)

Does an adjudication enforcement trump an insolvency moratorium?
(DBN)

U.K. Lawyer Files Irish Lawsuit to Create Brexit Escape Clause
(DBN)

KWM administrator's report reveals £1.2m pay out for advisers
(DBN)

Personal insolvencies set to rise by as much as 30 per cent in 2017
(DBN)

______________

EU:

EU Steps Up Efforts to Deal With $1.1 Trillion Bad-Debt Pile
(DBN)

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PIIGS:

Greek Finance and Labor Ministers Go Urgently to Brussels for Bailout Talks Pensioners protest looming cuts in central Athens Greek Pensions Hot Potato Puts Tsipras in Bailout Tight Spot
(DBN)

Veneto Banca posts 1.5 billion-euro loss while awaiting EU verdict
(DBN)

______________

Canada:

Major oil companies caught in orphan wells crisis as tiny Lexin Resources goes insolvent
(DBN)

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South Africa:

The rand is tumbling after S&P cuts South Africa to junk Brace Yourself: What S&P Downgrade Means for South Africa
(DBN)

______________

India:

Banks use Bankruptcy Code to crack down on companies with loan defaults
(DBN)

Insolvency Board notifies IU and voluntary liquidation guidelines
(DBN)

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Australia:

Australian Insolvency Reforms – Is the Harbor Safe Yet?
(DBN)

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Japan:

Japan achieves rare feat: Zero listed bankruptcies in 2016
(DBN)

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Brazil:

Wider impact of legal change delays Oi intervention decree -source
(DBN)

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Ukraine:

Tipoff From JPMorgan Sends Traders Hunting for Obscure Ukraine Debt
(DBN)

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