February 15, 2017

The Daily Bankruptcy News

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Law:

Big Law Brand Survey Shows Client-Led Shakeup
(DBN)

Citi Private Bank Report for 2016 - Implications of Cravath Bump Hover over Future of Legal Sector
(DBN)

Banks Lavished Dewey With High Debt Offers, Jury Hears
(DBN)

Co-Head Of Denton's US Restructuring Practice Moves To Kobre & Kim
(DBN)

DLA aims to get more out of partners with new focus on performance and integration
(DBN)

'All the knives are out' for the top White House lawyer after Flynn fiasco Don McGahn, White House Top Lawyer, in Catch-22 The Spotlight Will Now Shift to the White House Counsel
(DBN)

HP to withhold fees from law firms that do not meet diversity requirements
(DBN)

Former Akin Gump Partner Hires Criminal Defense Lawyer ‘Shock is the Word’ in Bust of Akin Gump Attorney
(DBN)

Clients Turning to Encryption to Combat Law Firm Data Breaches
(DBN)

Signs The Technology Revolution Is Already Here
(DBN)

Legal Tech Services That Make You Sticky to Clients
(DBN)

Panama Papers law firm partners denied bail
(DBN)

Have you stolen a heart without due process? Check out these legal valentine hashtags
(DBN)

How Many Hours Do You Bill For Valentine’s Day?
(DBN)

Valentine's Day Is Hard in Big Law
(DBN)

11 reasons why you should date a lawyer
(DBN)

The Law School Lateral Hiring Network
(DBN)

Practice Areas Positioned For Winning Under The Trump Administration
(DBN)

After Seattle judge denies DOJ request in travel ban suit, what next? Lawyers Tell Why They Flocked to Airport On the Night of the Travel Ban Trump's immigration ban has taken another big blow in court The Ninth Circuit’s Contrived Comedy of Errors in Washington v. Trump: Part II
(DBN)

Trump Has Put America in a Legal Hell
(DBN)

Doubling Down on False Voter Fraud Claim
(DBN)

The 10 Truths Of Academia For New Tenure-Track Law Professors
(DBN)

Facebook comment leads to $500,000 settlement in defamation suit
(DBN)

Oklahoma Lawmakers Want Men to Approve All Abortions
(DBN)

Lawyer To Be First African-American Bachelorette Why Would This Smart, Well-Educated Attorney Want to be Next Bachelorette ?
(DBN)

Alanis Morissette Targeted in Home Invasion, $2 Million in Jewelry Gone
(DBN)

Aaron Hernandez Trial on Drive-By Murder Kicks Off
(DBN)

Armless Typist Sues Kroger After Its Odd Requests
(DBN)

7th Circuit Takes On Making a Murderer™ Case
(DBN)

‘Legal Asylum’: An Interview With Stanford Law Professor And Novelist Paul Goldstein
(DBN)

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Judges:

Fourth Circuit selects Harner as U.S. Bankruptcy Judge for the District of Maryland Professor Michelle Harner Selected as US Bankruptcy Judge
(DBN)

Judges React to Trump's Attacks on the Judiciary
(DBN)

House Democrats Slam Trump's Tweets on Federal Judiciary
(DBN)

IBA lashes Trump for undermining US judiciary and rule of law
(DBN)

Roundup of House Judiciary Committee’s PACER Review
(DBN)

Trump may get the chance to appoint a greater share of judges than any new president in 40 years
(DBN)

Federal judge wins $5,000 prize for book 'Waging War'
(DBN)

The Internet Archive wants to host PACER records from U.S. courts and make them available for free
(DBN)

Trump Issues Distract at House Hearing on Public Access to Federal Courts
(DBN)

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Wall Street:

US stock futures point to pause for record-setting rally
(DBN)

Wall St slips on Yellen's rate hike comments Stocks tick above record highs after Yellen testifies; financials lead
(DBN)

Goldman Sachs Unsubtly Hints That It’s Just Not That Into About 100 Bankers
(DBN)

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Layoffs:

TX: CHI St. Luke's Health to close facilities, cut jobs in The Woodlands
(DBN)

PA: 81 employees face layoffs at Crawford County Care Center
(DBN)

DE: BF Rich Windows & Doors Closes, Lays Off 130 Employees
(DBN)

Rolls-Royce Marine to Cut 800 Jobs by Summer
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Politics:

'Misleading the vice president ... made the situation unsustainable' Trump: The 'real story' to emerge from Flynn resignation is 'illegal leaks' to media Trump Asked for Flynn, fired once by a president, now removed by another Flynn’s Resignation After ‘Eroding’ Trust, Aide Says 'Manafort and Flynn had nothing in common except Russia and Trump' Intercepted phone calls suggest multiple contacts between Trump associates and Russia Investigation coming … Top GOP investigators on the Hill say they won’t investigate Michael Flynn Mike Pence was kept in the dark about the Justice Department's assessment of Michael Flynn Michael Flynn last July: “If I did a tenth of what [Hillary Clinton] did, I would be in jail” Petraeus among those being considered as successor to Flynn for national security adviser Michael Flynn's Early Departure Shows a Rocky Start for Trump White House The White House has reportedly known about Flynn's calls with Russian ambassador 'for weeks' House Democrats escalate effort to obtain Trump tax returns Key Republican Turns Back Request to See Trump's Tax Returns Odds grow at bookies that Trump will leave before term ends
(DBN)

President Donald Trump is patting himself on the back for immigration and job-creation initiatives that started before he took office
(DBN)

Republican Stands by Calling Pregnant Women ‘Hosts’
(DBN)

Burlington Coat Factory faces storm over Ivanka Trump products Nordstrom's nixing of Ivanka Trump brand backed by sales data, reports WSJ This beloved grocery chain is the latest company to face Trump-related boycotts OGE: Conway Should Be Investigated for Promoting Ivanka Trump’s Products The Scary Truth Behind Why Trump’s Staff is Basically Immune From Ethics Discipline
(DBN)

Rand Paul on investigating Trump controversies: 'I just don't think it's useful,' particularly when it's 'your own party'
(DBN)

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Retailing:

Sears announces restructuring as sales continue to falter Sears: Is The End Finally In Sight For The World's Slowest Liquidation Sale?
(DBN)

Sears and Macy's Store Closures Could Present a Major Opportunity for J.C. Penney
(DBN)

MC Sports announces bankruptcy filing; liquidation sales
(DBN)

Nasty Gal to Lay off Employees, Close Stores
(DBN)

Warren Buffett just dropped Walmart, and signaled the death of retail as we know it
(DBN)

Draw Another Circle's Ch. 11 Liquidation Plan Confirmed
(DBN)

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Currency:

Hedge funds reportedly want to buy Mt. Gox bankruptcy claims
(DBN)

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Circuses:

The Big Apple Circus to leave bankruptcy under new ownership The Big Apple Circus is back Big Apple Circus Bankruptcy Sale Gets Green Light The Show Must Go On: Judge Rescues Big Apple Circus
(DBN)

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Economy:

PPI shows biggest gain in wholesale inflation since 2012 US producer inflation boosted by higher energy prices
(DBN)

Trump now has free rein over the Fed — and it's a key risk for markets
(DBN)

Can Trump Deliver 4% Growth? Why Most Economists Say Not This Year
(DBN)

NFIB: Small Business Optimism Index increased slightly in January
(DBN)

US Economic Confidence Down, but Still Positive
(DBN)

Dollar is now caught in a tug-of-war between the Fed and Trump
(DBN)

Yellen: Waiting too long to raise interest rates is unwise and could cause a recession Yellen Puts March Rate Hike 'on the Table' Yellen expects gradual pace for hikes but sees risk in delay Stock market bounces around as Yellen delivers Capitol Hill testimony Yellen says March rate hike is on the table, effects from Trump policies remain unclear Expect four Fed rate hikes this year: JPMorgan Asset Management Yellen brushes off warning, says Fed has authority on global talks
(DBN)

Yellen says an Obamacare repeal could have 'a significant impact on spending' and the US economy
(DBN)

Big retreat from trade could hurt U.S. growth: Fed official
(DBN)

Yellen stares down Trump on immigration
(DBN)

Fed’s Lacker calls for ‘significantly higher’ interest rates
(DBN)

Americans are staying single longer than ever, and it’s changing modern marriage in 3 major ways
(DBN)

Restaurants around nation join sanctuary movement to protect workers, customers The first immigration raids of the Trump era, explained The 11 states that benefit most from immigration 1 Million Illegals in Just Dallas and Houston Feds Arrest First 'Dreamer' Given Work Permit Under Obama
(DBN)

Trump’s labor secretary nominee just got sued for labor violations Labor secretary nominee Andrew Puzder in jeopardy Elizabeth Warren zeroes in on Labor nominee Puzder, saying he has 'sneering contempt' for workers
(DBN)

Wilbur Ross Sees No Conflict Between Negotiating With China, Running A Business With It
(DBN)

Mixed reaction to Mnuchin officially taking over as Treasury Secretary
(DBN)

Target, Gap, Best Buy and other retailers going to DC to oppose border tax: report Trump’s tax plan raises stakes for corporate America Apple CFO warns Trump border tax could 'burden' consumers
(DBN)

'Shark Tank' star Daymond John: Making products in the US could cost consumers 25-30% more
(DBN)

Senator Grassley concerned about Mexico and corn sales
(DBN)

One Toyota dealership in California sells more than all the American cars sold in Japan
(DBN)

BAML: Investors around the world are freaking out about Trump's policies
(DBN)

Made in the USA? Not These Luxury Brands
(DBN)

Why Millennials Aren't Moving — and Why That's a Problem
(DBN)

Before 1980, places in America with lower average incomes grew faster than their richer counterparts, so that incomes converged. Today, that’s no longer the case
(DBN)

The Dwindling Female Labor Force in the US
(DBN)

Trump's tax plan is built on one of the biggest lies our parents told us about the economy
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Completed foreclosures drop 40% in December
(DBN)

Homes in these 10 markets are selling like hotcakes
(DBN)

Mortgage lending is so tight, more people aren’t even bothering to apply
(DBN)

Fannie Mae selling off $1.76 billion in non-performing loans
(DBN)

Bonds Tied to Dying Malls Could Be the Next 'Big Short'
(DBN)

Quicken Loans: Homeowners and appraisers disagree on value of homes
(DBN)

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Municipalities:

Report: Puerto Rico Gov. Rossello wants to renegotiate PREPA debt
(DBN)

Study: Detroit Unhealthiest City In U.S.
(DBN)

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Oil/Gas:

Oil prices rise as OPEC-led output cuts trim oversupply; US production caps gains Oil Prices Unlikely To Be Driven Any Higher By OPEC Oil Pulls Back In Post-Settlement Trade As US Stockpiles Rise
(DBN)

A Bloodbath Looms Over Oil Markets
(DBN)

Why Sub $50 Oil Is More Likely Than $70 Oil
(DBN)

U.S. Energy Sector Likely to See More Equity, Bond Offerings in 2017
(DBN)

Tidewater: Addressing 4 Key Misconceptions On The Upcoming Restructuring
(DBN)

Samson Resources plan for exiting bankruptcy approved
(DBN)

Stone Energy Wins Approval for Bankruptcy-Exit Plan
(DBN)

Creditors' Bid To Undo Sabine's Ch. 11 Plan Nixed As Moot
(DBN)

Oil Prices Have Doubled Over the Past Year. Here’s Why That Won’t Last
(DBN)

Trump Scraps Anti-Corruption Rule Opposed by Oil and Gas
(DBN)

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Healthcare:

Bankrupt North Philadelphia Health System to sell shuttered hospital
(DBN)

Lynn Tilton's Firm Took Millions From Failing Ambulance Operator
(DBN)

Humana plans to pull out of O.Care Insurance Exchange
(DBN)

Doctors sue over investment that resulted in bankruptcy
(DBN)

Conservatives just made Obamacare repeal more difficult
(DBN)

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Banking:

Global Banks Weigh Adding the Trump Administration to Their Risk Disclosures
(DBN)

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Coal:

The West’s largest coal-fired power plant is closing. Not even Trump can save it.
(DBN)

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Electricity:

Energy Future begins bankruptcy exit hearing with key deal EFH Opens Ch. 11 Confirmation Push With 'Global Peace' Deal
(DBN)

Courts Divided on Electric Service as ‘Goods’ Under Section 503(b)(9)
(DBN)

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Food/Beverage:

ABN Amro authorized to subpoena more Transmar units in asset search
(DBN)

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Resorts:

Weil Wins Tenth Circuit Victory for Credit Suisse in Billion-Dollar Real Estate Loan Dispute
(DBN)

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Shipping:

Walmart rejects rumor that it cut all contracts with Korean carriers
(DBN)

Longshore pension fund can seek Hanjin debts from parent
(DBN)

International Shipholding Pushes To Implement Ch. 11 Plan
(DBN)

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Fishing:

Pacific Andes subsidiary begins insolvency process
(DBN)

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New Bankruptcy Opinions
(7 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (14 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (5 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:

Bankruptcies rise in consecutive months for first time in 7 years
(DBN)

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Sales:

Bankruptcy Sales of Businesses Can Strip Away Rights
(DBN)

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TBTF:

The Resolution of Distressed Financial Conglomerates
(DBN)

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Mediation:

People in Conflict Avoid Spending Time Together: A Bad Idea in Mediation?
(DBN)

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Breakup Fees:

US Trustee Blasts $1M ATopTech Breakup Fee
(DBN)

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TIA:

Marblegate: Southern District’s TIA Decision Reversed – Now What?
(DBN)

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Interest:

Ninth Circuit Holds That Rule Allowing Curing Debtors to Avoid Contractual Post-Default Interest Is No Longer Valid
(DBN)

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Jurisdiction:

Austrian Co. Fights To Exit GM Suit Over $1.5B Loan
(DBN)

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Claim Allowance:

Debtor’s Consent Judgment Doesn’t Result in Automatically Allowed Claim
(DBN)

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Safe Harbors:

The Value of Insolvency Safe Harbors
(DBN)

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Corporate Reform:

Trump has a reason to keep Cordray at CFPB — to stop him from being Ohio governor
(DBN)

Yellen says reducing the regulatory burden is a 'legitimate and important goal' Fed's Yellen speaks out against Trump's Wall Street deregulation plans Yellen Rejects Trump Attacks on Dodd-Frank, Says Banks Now Safer Yellen wants to ease regulations for small banks Yellen Trapped in Dodd Frank Battle
(DBN)

Fed's Kaplan says he is open to some changes to Dodd-Frank
(DBN)

Rex Nutting: Trump and economic adviser Cohn, a Goldman alumnus, are wrong: Dodd-Frank isn’t killing the economy
(DBN)

The Dodd-Frank Rule Banks Want to Keep
(DBN)

Trump's Dodd-Frank dismantling begins with energy disclosure rule
(DBN)

Who Will Watch the Banks Under Trump?
(DBN)

Specifics of Hensarling Plan for CFPB Discovered in Leaked Memo
(DBN)

Jeb Hensarling's Alternative Facts
(DBN)

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Education:

Investors Think For-Profit Colleges Have a Bright Future Under Trump
(DBN)

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Fraud:

Gov't May Sue Lance Armstrong for $100M
(DBN)

ZeekRewards Founder Sentenced for Role in $850 Million Scam
(DBN)

Ex-CFO of Bankrupt Enron Offers D&O Lessons from Accounting’s ‘Gray’ Areas
(DBN)

Hank Greenberg’s Acknowledgment That He Signed Off On Fraudulent Deals Not Meant To Be Taken Literally: Hank Greenberg
(DBN)

Platinum Partners Ditching Dechert In $1B Fraud Suit
(DBN)

2nd Circ. Won't Rehear ERISA Suit Over Madoff Profits
(DBN)

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Celebs:

Vince Young files for bankruptcy
(DBN)

Revisiting David Cassidy and the Absolute Priority Rule
(DBN)

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UK:

The pound is tumbling after the latest UK inflation data
(DBN)

Deutsche Bank: The pound could fall another 16% as Brexit unfolds
(DBN)

Tax fraud loses HMRC £16bn
(DBN)

Tenant Troubles- A minefield for the receiver
(DBN)

Co-op Bank looks to pension change to help boost capital
(DBN)

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EU:

EU Bad Bank to Tackle Soured-Loan Pile May Be a Long Way Off
(DBN)

Is Frexit next? Why France is starting to really freak out investors
(DBN)

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PIIGS:

Germany ‘freaked out’ as Greece 'could ditch EU currency for US Dollar' Greek Bailout Impasse Needs More Talks, Eurozone Chief Warns Are We Heading for Another Greek Tragedy? Growth gives Greece fresh ammunition against austerity Athens toughens bailout stance on positive data as Moscovici visits Greece defies creditors over more cuts as economy shrinks unexpectedly Greece economy shrinks in fourth quarter UE finance chief in Athens for bailout talks Stop Dithering Over Greece Greece's Euro Membership Looks Vulnerable Again
(DBN)

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Canada:

Royal Bank of Canada could have stopped fraud, bankrupted entrepreneur claims
(DBN)

Ottawa writing off $178M in student loans
(DBN)

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India:

Bankruptcy board invites public comments on draft regulations for voluntary liquidation Insolvency Board invites comment on draft law for voluntary liquidation
(DBN)

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Brazil:

Oi nears new creditor proposal, regardless of Brazil telecom reform -CEO
(DBN)

Brazilian town embraces universal income experiment
(DBN)

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Nigeria:

Arik Air Here's why FG took over troubled airline
(DBN)

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Russia:

Putin's Central Banker Purges 100 Banks a Year in Epic Crackdown
(DBN)

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Japan:

Toshiba facing bankruptcy, total disintegration thanks to bad bets on nuclear power?
(DBN)

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