August 1, 2017

The Daily Bankruptcy News

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Law:

Proskauer partner defends $50 million gender bias suit against the firm • Proskauer Partner Blasts Firm's Bid to Dismiss $50M Gender Bias Suit • Partner Suing Proskauer For Gender Bias Argues She’s An Employee
(DBN)

Fired King & Spalding associate can move ahead with ethics retaliation claims
(DBN)

Charlotte Law’s Access To Federal Student Loans To Be Reinstated By Department Of Education • Charlotte School of Law says it will get federal loan cash; Education Department says not so fast • Charlotte Law School Faces An Uncertain Future, But It Is Not Alone
(DBN)

Cooley Law Firm to Move New York Headquarters to 55 Hudson Yards
(DBN)

Chicago’s Riley Safer Grows and Tries ‘A Different Way’
(DBN)

Today’s Law Degree Takes on a Broader Meaning
(DBN)

Focus group of California lawyers defends tight restrictions on entry into the legal profession
(DBN)

Atlanta: Women Trail Men in A-List's New Equity Partner Ranking
(DBN)

3 Reasons to Break Up With a Client
(DBN)

How Shell Has Transformed Managing Outside Counsel: Live Conversation with Vincent Cordo
(DBN)

Scaramucci was ‘a big personality’ at Harvard law, classmate says • Anthony Scaramucci Fired By White House, Killed Off By Harvard Law School • Scaramucci Was Listed as Dead in Harvard Law School Directory
(DBN)

Court Ruling Could Be Big Blow to Twitter-in-Chief Donald Trump
(DBN)

Summer Associate Offer Rates (2017): Which Firms Had 100 Percent Offer Rates?
(DBN)

Having Your Dreams Crushed Can Work For You
(DBN)

Thinking About Cyber Due Diligence
(DBN)

Why Big Law is Betting Big on Africa
(DBN)

16 things every guy should keep in his work bag
(DBN)

Another Clue About Apple's Next iPhone May Have Just Dropped
(DBN)

Jeff Sessions is in peril; so is America Jeff Sessions is in peril; so is America
(DBN)

‘Better Call Saul’ highlights stress and mental illness in the legal profession
(DBN)

Snopes, the internet’s foremost fact-checking website, may die in a messy legal battle
(DBN)

This Priest 'Adopted' 27 Young People So They Don't Get Deported
(DBN)

Disgraced Hollywood P.I. Pellicano Will Stay In Prison Until '19
(DBN)

Big Oil , large Houston corporations blast bathroom bills • Big oil , Houston execs urge Abbott to flush bathroom bill • Big Oil weighs in on Texas 'bathroom bill,' warning it will threaten state's economy • BigLaw leaders, oil execs, finance execs and others in Texas line up against the state's "bathroom bill"
(DBN)

Judge rules ex-Arizona sheriff Arpaio guilty of criminal contempt
(DBN)

Ex-L'Oreal atty gets another shot at wrongful firing suit, but it'll be a tough road ahead
(DBN)

Caught Because He Left Dentures at Scene of Crime
(DBN)

Homicide rates in America's major cities are on track to break records in 2017
(DBN)

Judge orders trio to forfeit $9.3 million they were convicted of illegally scamming from law firms
(DBN)

NY State Trooper Declares ‘Open Season’ On NYPD As Payback For Drunk Driving Arrest
(DBN)

Judge Nixes Alabama Law Putting Pregnant Girls Through Trial
(DBN)

Woman Arrested For Chicken Nuggets Battery
(DBN)

Game of Thrones Season 7 Episode 3 Told Through The Lens of a Lawyer
(DBN)

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Judges:

Fenimore named as bankruptcy judge
(DBN)

Ginsburg talks travel ban, death penalty; says gerrymandering case may be ‘most important’ of term
(DBN)

BK MD FL: Court Connection Newsletter
(DBN)

BK NH: Employment Opportunity - Case Administrator
(DBN)

Judge Busts Banking Agency for 'Excessive' Footnotes, Strikes Court Brief • Federal judge cites ‘excessive footnoting’ and imposes limit for revised government brief
(DBN)

Trump is Winning on Judges
(DBN)

Appeals court considers removal of judge who is Facebook friends with lawyer
(DBN)

Justice Ruth Bader Ginsburg On The Way SCOTUS Kills Dissents In Boring Cases
(DBN)

Siri Thinks More Women Should Be Judges
(DBN)

Tell Us How You Really Feel, Judge Bybee!
(DBN)

Posner says 'highly politicized' Supreme Court should grow to 19 justices
(DBN)

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Wall Street:

Dow futures jump more than 100 points, signal all-time high at the open
(DBN)

Dow closes at record high as Street cheers strong earnings season
(DBN)

History says there's a 99% chance stock market returns will be subpar from here
(DBN)

Here's why Trump turmoil 'doesn't seem to matter' to investors, says top strategist
(DBN)

The Bust Never Ended for Wall Street’s Most Crisis-Scarred Banks
(DBN)

A third of millennials think now is the time to jump into the market
(DBN)

Dow flirts with a fresh milestone: 22,000
(DBN)

A short-term correction looms in the U.S. stock market
(DBN)

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Layoffs:

The trickle down of major retail store closings is starting to push laid off workers to bankruptcy
(DBN)

Robots are replacing managers, too
(DBN)

Okay, You Can Start Worrying About Robots Now
(DBN)

TeleTech to lay off more than 350 employees
(DBN)

Boeing offers more buyouts at North Charleston campus, layoffs could follow
(DBN)

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Healthcare:

SNF Operator Senior Care Group Files for Bankruptcy
(DBN)

VT: Maple Leaf under investigation by AG's Office
(DBN)

New England Orthotic and Prosthetic Systems files for Chapter 11
(DBN)

Trump is threatening a move that could make Obamacare implode and hurt lawmakers' coverage • The Big Risk Trump Is Taking by Threatening Congress’ Health Insurance • Obamacare just got some good news in a critical state • Trump has a new winning message in Obamacare battle • Trump laments Senate GOP's health-care failure: 'You can't have everything' • Ohio: ObamaCare Crisis Nearly Fixed • Can Republicans Stop Trump From Sabotaging Obamacare?
(DBN)

The new bipartisan House proposal to fix Obamacare, explained • How some lawmakers see a way to work together on health care
(DBN)

'Single payer is not the solution': Mark Cuban goes off on early-morning tweetstorm about healthcare
(DBN)

The next big fight in healthcare will be all about kids
(DBN)

White House opioid commission to Trump: “Declare a national emergency” on drug overdoses • Opioid abuse started as a rural epidemic. It’s now a national one.
(DBN)

Majority of Americans want Congress to move on from health-care reform
(DBN)

Why the U.S. health system ranks worst among wealthy countries
(DBN)

CBO: Bernie's Drug Bill Would Save Billions
(DBN)

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Personal Finance:

This Is When You Should Sell Your Wedding Dress to Make the Most Money
(DBN)

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Fraud:

Lawsuit says Wells Fargo auto insurance charges were a fraud
(DBN)

Jurors in Shkreli case begin deliberations
(DBN)

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Maritime:

Essar Shipping Q1 net loss widens to Rs 58 crore
(DBN)

Danaos downbeat on boxship charter market, still feeling impact of Hanjin bankruptcy
(DBN)

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Banking:

Wall Street is livid over Wells Fargo's latest scandal: 'Here we go again'
(DBN)

Latest FDIC Pick Already Looking For Excuse Not To Take Job
(DBN)

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Marijuana:

We Asked 4 Marijuana-Industry Lawyers 4 Questions. Here's What They Said
(DBN)

Comer Introduces Industrial Hemp Bill
(DBN)

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Telecoms:

Fitch Downgrades Global A&T's Ratings to 'C' on Missed Coupon
(DBN)

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Economy:

U.S. small business borrowing highest in nearly two years
(DBN)

Economy in Chicago region cools in July but still running hot, PMI shows
(DBN)

Dallas Fed: "Texas Manufacturing Activity Strengthens" in July
(DBN)

Fed’s Fischer says fiscal, regulatory measures best cure for global low interest rates
(DBN)

Greenspan Warns on Bonds Collapsing
(DBN)

Trump visited this Boeing factory to celebrate jobs. It just announced layoffs
(DBN)

Foreign Workers Building US Auto Plants
(DBN)

Fed: Ending Glass Steagall Didn't Lead to 2008
(DBN)

FactCheck: Trump on the Economy
(DBN)

Average Net Charge-Off Rates for 8 Largest U.S. Credit Card Issuers
(DBN)

Here's how each state's economy did in the first 3 months of this year
(DBN)

Black women have to work around 18 months to earn as much as white men do in a year
(DBN)

Tax reform takes a backseat while Trump continues to focus on repealing Obamacare • Anti-tax activist Grover Norquist predicts Trump-GOP tax reform bill by late September • President Trump to travel to promote tax overhaul legislation
(DBN)

The places where people put off marriage the longest
(DBN)

This 1 number sums up why that Foxconn deal is over-the-top bad for Wisconsin
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Pending-home sales snap three-month losing streak with 1.5% gain in June • NAR: Pending Home Sales Index increased 1.5% in June, up 0.5% year-over-year
(DBN)

Fannie Mae: Mortgage Serious Delinquency rate declined in June, Lowest since December 2007
(DBN)

Mortgage risk increases for 7th consecutive month
(DBN)

Here are the top 7 metros with highest home price increases
(DBN)

Repo Regret?
(DBN)

Dogs trump marriage, kids for young buyers of first homes
(DBN)

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Municipalities:

Puerto Rico's Fuzzy Economics
(DBN)

Is Congress’ plan to save Puerto Rico working?
(DBN)

LA Faces City Services Bankruptcy : Where Did the Money Go? • LA's 'Virtual Bankruptcy ' Equals 'Service Insolvency '
(DBN)

The Man Who Broke Atlantic City
(DBN)

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Oil/Gas:

Delaware Court Denies Request of Beverly Hills Entities to Require Chapter 11 Debtor to Properly Abandon Wells
(DBN)

Mon.: Oil rises above $50 for first time in 2 months — then retreats • Oil prices rebound, rising toward $50 a barrel, ahead of session's close • Oil settles above $50 a barrel for first time since May • This Oil Price Rally Has Reached Its Limit
(DBN)

BP: Oil Prices Below $50 in 2018
(DBN)

U.S. shale boom less potent than expected, new data show
(DBN)

Shale drilling could finally make money in 2020, Wood Mac says • Shale Drillers Aren’t As Safe As You May Think
(DBN)

$300Bn in Oil Investment Losses in 3 Years
(DBN)

Is This The End Of The Oil Glut
(DBN)

E&Y US oil and gas reserves study
(DBN)

Tidewater Inc. emerges from bankruptcy • Tidewater Successfully Completes Financial Restructuring And Emerges From Chapter 11 Bankruptcy
(DBN)

Oil Companies at Last See Path to Profits After Painful Spell
(DBN)

BP swings to profit, but 2010 spill still a drag • BP Says It's Breaking Even After Debt Soared to a Record
(DBN)

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Food/Beverage:

Supermarkets Face a Growing Problem: Too Much Space
(DBN)

Bankruptcy forces Rutland County dairy to auction cows and machinery
(DBN)

Restaurant Performance Index Up 0.6% MtM
(DBN)

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Politics:

Rasmussen: Trump Slips Below 40% For First Time • Even President Trump's Favorite Poll Shows a Record Low Approval • Trump's favorite pollster reports 61% disapproval rating
(DBN)

Ivanka Trump reportedly learned of the transgender ban when Trump tweeted about it
(DBN)

Anthony Scaramucci is out just 10 days after being named White House communications director • The Spectacular Self Destruction of Moochy • Easy Come, Easy Go: Scaramucci is out as White House Communications director • Trump ousts Anthony Scaramucci as communications director at new chief of staff's request • A photographic summary of Anthony Scaramucci’s career as White House communications director • Scaramucci's Firing Was a Victory for Political Norms • Anthony Scaramucci reportedly paid $100,000 for a cameo in the 'Wall Street' sequel • White House had Scaramucci escorted off the grounds after his dismissal: report • Scaramucci's China dealings may have helped push him out of the White House
(DBN)

Trump risks US being seen as 'kleptocracy', says ex-ethics chief
(DBN)

Trump's New Chief of Staff Takes Over a White House in Chaos • Five things Gen. John Kelly must do to right the ship at the White House • General Kelly comes from a disciplined background • Chief of staff needs to be 'reality therapist' for president • Last Time a General Propped Up a President • Kelly Flexes Muscle on First Day in White House • Trump's new chief of staff reportedly almost resigned in protest of Comey's firing
(DBN)

Michael Bloomberg takes a shot at Trump, implying he's not a billionaire
(DBN)

Kushner: Trump campaign too disorganized to collude • President Trump reportedly 'personally dictated' Junior's misleading Russia statement • Video shows Trump's lawyer previously denied the president was involved with Trump Jr.'s misleading statement about meeting with a Russian lawyer
(DBN)

The Entire Republican Agenda Now Hinges on This One Decision
(DBN)

Democrats Pitch a Kinder, Gentler Populism
(DBN)

Krugman: Who Ate Republicans’ Brains?
(DBN)

Flake: GOP is in Denial Over Trump • 'Trump thinks he's holding all the cards. But Democrats know what's in his hand, and he's got a pair of twos.' • Trump is Now a Man Without a Party
(DBN)

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Travel:

Crippling Power Outages in the Outer Banks Could Last Weeks
(DBN)

Business travelers hop off luggage carousel, ship bags
(DBN)

A United Airlines jet narrowly missed a drone just before landing at Newark Liberty International Airport
(DBN)

5 of the most disgusting things passengers have done on planes
(DBN)

______________

Corporate Reform:

Trump Confidant Lewandowski Calls for CFPB’s Cordray to Be Fired
(DBN)

______________

Solar:

Goldman Sachs's 'secret' SunEdison loan at centre of KKR lawsuit
(DBN)

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Education:

College Considered Selling Land Before Sander's Wife Left
(DBN)

The latest evidence that many American college students are hungry
(DBN)

______________

Personal Finance:

How these New Yorkers get by on a shoestring
(DBN)

______________

Celebs:

Elon Musk admits to ‘unrelenting stress,’ says he may be bipolar
(DBN)

______________

Mass Torts:

EnPro Industries Concludes Asbestos Claims Resolutions Process with Consummation of Subsidiaries’ Joint Reorganization Plan
(DBN)

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Debt Collection:

FDCPA Case Law Review for June and July 2017
(DBN)

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Museums:

Should a Museum Be Allowed to Sell $50 Million of Work to Keep the Lights On? • Museum's Plan To Sell 40 Works Has Art World Up In Arms
(DBN)

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New Bankruptcy Opinions
(6 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (26 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (8 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:

Amazon Effect Dethrones Energy as US Bankruptcy Leader
(DBN)

Weekly Bankruptcy Claims Trading Activity
(DBN)

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Reclamation:

Receipt Requires Physical Possession for Administrative Expense Claims Under Section 503(b)(9)
(DBN)

Suppliers Beware: Two Recent Cases (in Third Circuit and Delaware) Hold that Debtor Must Physically Possess Goods Within Statutory Period To Sustain Administrative Priority Under Section 503(b)(9)
(DBN)

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Bankruptcy Rules:

New Bankruptcy Rules Effective December 1, 2017, Will Impact Financial Institutions
(DBN)

______________

DIP Finance:

How to Interpret a DIP Order
(DBN)

______________

Insurance:

MF Global Holdings Reinsurer’s $15 Million Bond Struck By Bankruptcy Court And Leave To Appeal Rejected By New York Federal Court
(DBN)

The Importance of D&O Insurance for Private Companies
(DBN)

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Miscellaneous:

Fifth Circuit Report: 2nd Quarter 2017
(DBN)

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Plan Confirmation:

A New Millennium : Bankruptcy Courts May Lack Constitutional Authority to Approve Nonconsensual Plan Releases
(DBN)

Section 1129(d) and Tax Avoidance in Chapter 11 Plans
(DBN)

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Professional Compensation:

Success Fees – Technical Arguments Fail in the Face of Broad Definitions
(DBN)

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Litigation:

The Secrets Of Cross-Examination
(DBN)

Do Courtroom Lawyers Make a Difference?
(DBN)

______________

Coal:

Europe still wants American coal , boosting exports to new highs
(DBN)

Coal miner Contura unveils IPO with rosy view of the future, thanks to Trump
(DBN)

Coal mining company mentions Trump 13 times in IPO filing
(DBN)

______________

Retailing:

Dillard's is the latest target by activists for retailer's real estate
(DBN)

Grocery stores are moving into dying suburban shopping malls to save them
(DBN)

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Nuclear:

South Carolina utility halts construction at nuclear reactors • South Carolina utility board votes to end construction of billion-dollar nuclear reactor project caught in bankruptcy • S.C. utilities halt work on new nuclear reactors, dimming the prospects for a nuclear energy revival • Experts Comment On Next Steps After Abandonment Of South Carolina Nuclear Project • Utilities ditch reactors that launched US nuclear renaissance • Two Half-Finished Nuclear Reactors Scrapped as Costs Balloon • Westinghouse Disappointed in V.C. Summer Owners’ Decision to Stop Building Two Nuclear Plant Units • Billions down the drain as new nuclear plants scrapped
(DBN)

Creditors, shareholders urge Toshiba to consider bankruptcy – reports
(DBN)

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Bankruptcy Crimes:

Littleton couple convicted of tax evasion and bankruptcy fraud
(DBN)

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Autos:

2015 subprime vintage suffers losses not seen since 2005
(DBN)

Takata Bankruptcy Should “Not” Delay Repairs
(DBN)

Germany's Auto Industry Is Built on Collusion
(DBN)

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Hotels:

Chicago: Lombard Westin filing bankruptcy to restructure $246.6 million debt
(DBN)

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UK:

Cross Border Restructuring and Insolvency Update
(DBN)

British consumers grappling with heavier debt loads: Moody's
(DBN)

Howes Percival targets national insolvency growth following acquisition
(DBN)

Liquidators appointed to solar company amid job losses
(DBN)

______________

EU:

Alvarez & Marsal Expands European Restructuring Unit
(DBN)

Application of the European Regulation on Cross-border Insolvency Proceedings
(DBN)

Eurozone's Low Unemployment, Inflation Raise Questions for ECB
(DBN)

Europe's jobs market is healing, but wages still a weak link
(DBN)

EU Economic Growth Picking Up
(DBN)

______________

PIIGS:

Greece’s secret GREXIT plan: Tsipras's plot to pull Greece out of the eurozone exposed
(DBN)

Former Greek stats chief guilty of breach of duty over fiscal data
(DBN)

______________

Canada:

Trading in DragonWave shares suspended as creditors seek court-supervised sale • DragonWave's road through hell
(DBN)

Litigation funding empowers creditors in bankruptcy claims
(DBN)

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India:

Six Hours of Chaos: A Wild Day Inside India's Overrun Courtrooms
(DBN)

Jobs: How will graduates gain from insolvency
(DBN)

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China:

The next global recession might be triggered by China’s ‘shadow banking’
(DBN)

China Bond Buyers Quiz Taxi Drivers to See If Credit Good
(DBN)

China Inc.'s Next Debt Headache Is $580 Billion of Put Options Coming Due
(DBN)

Debt-Ridden Chinese Giant Now a Shadow of Its Former Size
(DBN)

Global Growth Depends on China's Debt
(DBN)

China factory activity accelerates in July on strong export orders: Caixin PMI
(DBN)

______________

Singapore:

Noble Group Default Risk Flares as Warning Deepens Crisis
(DBN)

Swiber Holdings to default on Aug 2 coupon payment
(DBN)

Singapore Banks Could Use the Skepticism
(DBN)

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MENA:

Dana Gas takes offer to creditors off the table in $700m sukuk row
(DBN)

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Venezuela:

US sanctions Venezuelan president after "sham" election
(DBN)

Venezuelan opposition leaders taken from homes after Maduro promises to jail rivals
(DBN)

Venezuela's 'sham' election just made a very bad economy that much harder to fix
(DBN)

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Australia:

Forging New Law in Insolvency – Cases and Developments Coming out of the Collapse of the Forge Group
(DBN)

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