February 21, 2017

The Daily Bankruptcy News

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Law:

Firm Disappoints Associates With Bonus Announcement… Again
(DBN)

Equity partner profits drop 28 percent at Pepper Hamilton; strong 2015 skewed numbers, firm says
(DBN)

Auditor Reviewed Dewey's London Tax Docs, Jury Hears
(DBN)

Biglaw Hacked: The Crisis Is Coming
(DBN)

Cleary Gottlieb Publishes Trump 'Social Media Attack' Survival Guide
(DBN)

Reinventing Professionals: There are jobs in the emerging legal gig economy
(DBN)

New York Attorney General Bids to Become Trump's No. 1 Enemy
(DBN)

David Boies: The Politics Of The Hank Greenberg Case Were ‘Maddening’
(DBN)

The Rest Of Us Don’t Work On Weekends
(DBN)

Interview with former Paul Weiss Partner, Peter Haje
(DBN)

Gross Revenue, Partner Profits Rise at Cahill Gordon
(DBN)

Milbank Tweed Reports 'Outstanding' Results for 2016
(DBN)

Paul Weiss Reaps Benefits From Star Lateral Hires
(DBN)

How Syracuse Law made its graduates into stars of the New York Bar exam
(DBN)

Creighton Dean Lifts Law Prof's Suspension After Faculty Threaten Vote Of No Confidence
(DBN)

University Of Washington Delays Launch Of New Law School In Tacoma Until At Least 2021 In Face Of Projected Annual $5.5 Million Deficits
(DBN)

Charlotte Law School Is Delinquent On Its $148k Property Tax Bill, Says Check Is In The Mail
(DBN)

Munsch Hardt's Revenue and Profit Rose in 'Fantastic' Year
(DBN)

10 Things Lawyers Should Consider When Taking Risk
(DBN)

Facebook Ducks Lawyer's Defamation Suit
(DBN)

Attorneys of the Year: Petters Ponzi Scheme Team
(DBN)

Lawyers could be the next profession to be replaced by computers
(DBN)

Trump Ethics: A Jobs Program for Washington Lawyers
(DBN)

Trump immigration policies draw rapid legal-tech response
(DBN)

Non-Lawyer Stephen Miller Told US Attorney How to Defend Travel Ban, Report Says
(DBN)

Trump's Lawyer Involved in Russian Sanctions
(DBN)

Largest branch of American Judaism opposes Trump envoy pick
(DBN)

SEC gives fuel to Icahn in malpractice battle with Wachtell
(DBN)

The anonymous plaintiff in the landmark Roe v. Wade ruling has died
(DBN)

A psychotherapist shares her favorite techniques for overcoming anxiety
(DBN)

WA Supreme Court: By refusing same-sex wedding, florist violated anti-discrimination law
(DBN)

Exoneree makes his first appearance in court as a defense lawyer
(DBN)

Maryland prosecutor resigns before he is sentenced for hotel-room spectacle
(DBN)

‘Jekyll and Hyde’ lawyer who made his girlfriend call him ‘master’ booted out of profession
(DBN)

Posner opinion upholds conviction for false Facebook threat
(DBN)

Texas trial lawyer is first African-American ‘Bachelorette’ lead
(DBN)

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Judges:

Supreme Court nominee Neil Gorsuch and the rise of originalism Judge Neil Gorsuch: What’s His Net Worth? On Free Press, Supreme Court Pick at Odds With Trump Liberals Are Still Angry, but Merrick Garland Has Reached Acceptance Simply stated, Gorsuch is steadfast and surprising As the Gorsuch nomination proceeds, this man is taking credit
(DBN)

Ginsburg Praises Women's March, Says She is Feeling 'Very Well'
(DBN)

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Wall Street:

U.S. stocks poised to resume record run after the holiday
(DBN)

Global Stocks Mixed After Wall Street's Long Weekend
(DBN)

Trump is in the wrong place at the wrong time when it comes to the stock market
(DBN)

More than two thirds of bankers are 'bored' with their jobs
(DBN)

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Layoffs:

Microfibres employees may get half of $1.26 million claim
(DBN)

Mark Cuban: Can't Stop the Rise of Robots The Relentless Pace of Automation No, Robots Aren’t Killing the American Dream
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Politics:

Russians Are Turning on Donald Trump The FBI is pursuing 3 separate probes into Russian hacking of the presidential election The Senate is investigating Russian hacking — and they’ve asked agencies to keep everything they find Trump isn't adjusting well to life in the White House — he's reportedly experiencing 'cabin fever' Trump cited a nonexistent incident in Sweden during his rally on Saturday People Are Really Confused About What President Trump Just Said About Sweden Trump launches another blistering attack on media while he and chief of staff assault use of anonymous sources Joe Scarborough unloads on Trump's 'rambling, chaotic' press conference: 'He lives in an alternate reality' Trump told members of his golf club to 'come along' to cabinet interviews in leaked audio Inside Donald Trump’s White House Chaos In Marshall, Va., Support for Donald Trump Hasn't Wavered GOP Leaders Tire of Trump Drama Trump talks a lot about the ‘forgotten man,’ but so far he’s just helping Wall Street Bernstein: Trump is Worse Than Nixon Mark Cuban Says He Wouldn't Hire Donald Trump
(DBN)

Ivanka Trump’s signature perfume soars to No. 1 on Amazon
(DBN)

Report: Trump's lawyer hand-delivered Michael Flynn a secret plan to lift sanctions on Russia
(DBN)

Fox's Chris Wallace Warns on Trump Dangerous Times for the Press & Presidency ABC Reporter: We Will Pursue the Truth
(DBN)

Elizabeth Warren Gets a Reality Check
(DBN)

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Apparel:

Under Armour made some huge mistakes that are turning into a nightmare
(DBN)

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Coal:

Can Trump Alone Save the Struggling Coal Industry?
(DBN)

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Retailing:

HHGregg Said to Hire Advisers to Help Cope With Retail Woes
(DBN)

Wet Seal Landlords Say Cash Use Budget Doesn't Cover Rent
(DBN)

Wal-Mart's Big Box of Trouble
(DBN)

Under Armour Hid Sports Authority Ch. 11's Impact, Suit Says
(DBN)

$6M DIP Approved For The Limited, Ahead Of Tuesday Auction
(DBN)

Retailer Perfumania explores strategic alternatives: sources
(DBN)

How Zombie Retailers Are Dragging Down the Industry
(DBN)

Speculation mounts that Gander Mountain is joining ranks of troubled retailers
(DBN)

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Gambling:

For former Revel, another opening date missed as owner Glenn Straub blames state
(DBN)

'Trump' Sign On Shuttered Casino Listed On eBay
(DBN)

Caesars Entertainment Operating Company Enters into Committed Financing Agreements
(DBN)

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Shipping:

Have Lenders Put ABG Shipyard On The Block?
(DBN)

Report: Hanjin’s Bondholders to Suffer Big Losses Korea's Hanjin Shipping, world's seventh largest, goes down
(DBN)

Hard Times for the Shipping and Offshore Sectors in Asia
(DBN)

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Pensions:

How Public Employee Pensions Make Income Inequality Worse
(DBN)

GOP To End States' Worker Retirement Plans
(DBN)

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Solar:

SunEdison's Unsecured Creditors Grilled Over Fraud Suit
(DBN)

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Environmental:

Union Pacific Can't Dodge Asarco's $482M Cleanup Cost Suit
(DBN)

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Economy:

Household debt to hit new record in 2017
(DBN)

Fed Nowcast: 3.1% for 2017:Q1.
(DBN)

How the Fed's Rate Hikes Might Play Out Hawkish Fed official comfortable with raising rates in current economy
(DBN)

A familiar shutdown threat is looming in Trump's future
(DBN)

Retailers rise up against border tax Border tax debate pits theory against the real world The $1 Trillion Border Tax Could Sink Paul Ryan's Fiscal Plan
(DBN)

Americans have $12.58 trillion of debt — here's what it looks like Household debt nears an all-time high. What's behind the rise?
(DBN)

Trump Weighs Travel Ban That Addresses Issues of Contested Previous Order Two leaked memos reveal Trump administration to expand which immigrants targeted for deportation Trump's revised immigration ban targets the same 7 countries New Homeland Security guidelines aggressively crack down on illegal immigration DHS head Kelly: Trump is preparing a new 'streamlined' immigration ban U.S. Proposal Considers Prosecuting Parents Helping Children Entering Country Illegally Donald Trump’s Plan to Outsource Immigration Enforcement to Local Cops Dozens Fired After Joining “Day Without Immigrants” Protests Trump’s New Re-Written Immigration Order May Already Have Fatal Flaw
(DBN)

Alan Greenspan just explained how 'productivity' caused Brexit and Trump, in 10 elegant sentences
(DBN)

What happened when factory jobs moved from Warren, Ohio, to Juarez, Mexico
(DBN)

Republicans Agree on Cutting Taxes, but Not on How to Do It Ryan Makes Emphatic Plea for Tax Plan Seen 'on Life Support' The GOP Tax Plan Is in Trouble. Many People Are Saying This. More Senate Brickbats for House Tax Plan
(DBN)

The Scandal That May Haunt the New Nominee for Labor Secretary
(DBN)

The Wall: A Friend and Former Business Partner Speaks Out Against Donald Trump
(DBN)

Trump Administration Considers Change in Calculating U.S. Trade Deficit
(DBN)

Trump Team's Growth Forecasts Far Rosier Than Those of CBO, Private Economists
(DBN)

‘Soft’ side of economy soars under Trump. But here’s the ‘hard’ truth
(DBN)

US household energy spending hits 50-year low
(DBN)

Why ‘Made in America’ is so hard to do
(DBN)

AAR: Rail Traffic increased in January
(DBN)

A contradiction at the heart of President Trump’s economic policy
(DBN)

Deutsche Bank: These 2 risks could derail the US economy
(DBN)

HSBC Warns of World Economic Risks
(DBN)

This Century Is Broken
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Quarterly Housing Starts by Intent
(DBN)

Banks Admonished to File Foreclosure Deeds Promptly, or Else
(DBN)

There are 5 places in the US where you need to make over $100,000 to afford a home
(DBN)

New York and San Francisco are the 2 most expensive rental markets in the world
(DBN)

Phoenix Real Estate in January: Sales up 16%, Inventory down 8%
(DBN)

Top 10 states with the highest mortgages rates
(DBN)

Owner may hand Fashion Square Mall to lender
(DBN)

Freddie Mac selling off $759 million in non-performing loans
(DBN)

Fannie and Freddie: REO inventory declined in Q4, Down 33% Year-over-year
(DBN)

Trump's In-Laws May Put Fannie Mae, Freddie Mac in Tough Spot
(DBN)

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Municipalities:

11 top Puerto Rico university officials resign amid crisis
(DBN)

Congress Moves Slowly on Bipartisan Puerto Rico Recommendations
(DBN)

As Puerto Rico Seeks to Slash Debt , Local Bondholders Await Hit
(DBN)

Is Detroit Really Making a Comeback?
(DBN)

Dallas Pension Board Vote Puts It Square Before Us. The Issue Is Our Word.
(DBN)

GAO to look at government debt in Marianas, US territories
(DBN)

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Oil/Gas:

Here comes the next wave of the U.S. oil boom
(DBN)

It's Not Record Oil Speculation That'll Drive Prices
(DBN)

Stuck In The $50s: Why The Oil Price Is Going Nowhere Fast
(DBN)

US crude settles at $53.40, up 4 cents, but posts first weekly decline in five weeks Oil Prices Rise Despite Higher U.S. Rig Count Oil prices creep higher, but overshadowed by U.S. supply
(DBN)

Biggest Gasoline Glut In 27 Years Could Crash Oil Markets
(DBN)

Bullish Oil Investors May Be Getting Ahead of Themselves
(DBN)

Did The Bakken Fall Too Far Too Fast?
(DBN)

2017 Offshore Spending Plan To Rival Shale Investment, Report Says
(DBN)

Why oil experts think OPEC’s U.S. headache won’t go away this year
(DBN)

Shale Drilling is Back on a Roll TX: Oil Fields Rebound but Without Workers
(DBN)

Middle East Oil & Gas Investment Surges To $294 Billion
(DBN)

Hornbeck Offshore Services - Bankers And Bondholders Will Determine Fate Of Shareholders
(DBN)

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Food/Beverage:

Customers are developing new habits and it's killing Applebee's and Buffalo Wild Wings
(DBN)

Cosi Allowed To Continue Using Cash Collateral In Ch. 11
(DBN)

Perkins owner files for bankruptcy
(DBN)

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Corporate Reform:

Trump's Man for the SEC: Time to Ease Regulation
(DBN)

GOP senators unveil bill to give Congress control of consumer bureau budget
(DBN)

Hensarling compares CFPB to a tyranny
(DBN)

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Student Debt:

US student debt tops $1.31 trillion: Does Betsy DeVos have a plan?
(DBN)

Chasing the American Dream into a deadend
(DBN)

The Graying Student Debtor
(DBN)

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Awards:

Benchmark Litigation 2017 Bankruptcy Awards
(DBN)

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Education:

Saint Joseph's College layoff notice: Closure 'expected to be permanent'
(DBN)

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Mining:

Restarting out of bankruptcy, company revives former MN mining operation
(DBN)

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Debt Collection:

Texas lawmaker wants to send 'zombie debt' to the grave
(DBN)

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Amusement Parks:

Turning a corner: Conneaut Lake Park emerges from bankruptcy
(DBN)

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Bankruptcy Crimes:

Harrisburg woman pleads guilty to bankruptcy fraud
(DBN)

Pennsylvania Man Indicted on Bankruptcy Fraud Charges
(DBN)

‘Dance Moms’ star gets OK to travel before sentencing
(DBN)

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Banking:

HSBC Loses $4 Billion HSBC's 2016 profit slumps 62 percent on writedowns as outlook dims Writedowns and tough outlook take their toll on HSBC
(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 (20 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (19 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:

Weekly Bankruptcy Claims Trading Activity
(DBN)

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Avoidance Actions:

Delaware Court Applies “Kiwi” Defense to Preferential Transfers
(DBN)

Donations from supplement website drag Waukesha church into bankruptcy case
(DBN)

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SCOTUS:

SCOTUS Asked To Look At 546(e) Safe Harbor
(DBN)

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Corporate Governance:

Effectively Defending Adversarial Actions Brought Against Former D&Os in Bankruptcy Court
(DBN)

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Professional Compensation:

Court Rejects Lender’s Objection to Payment of Debtor’s Counsel’s Fees and Expenses from Pre-Petition Retainer
(DBN)

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Workouts:

Do Lenders and Borrowers Intend a Novation of Prior Agreements? A Cautionary Tale and the Need to be Crystal Clear in Drafting Amendments
(DBN)

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UCC:

Austrian Co. Can't Exit GM Suit Over $1.5B Loan
(DBN)

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Electricity:

Energy Future bankruptcy plan approved, clearing way for NextEra EFH Wins Official Ch. 11 Plan OK After 'Extraordinary' Case
(DBN)

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Distressed Investing:

Company Reporting on Businesses' Debt Cannot Use Shield Law, Judge Rules
(DBN)

Distressed Debt and Credit Funds See Resurgence in Profits
(DBN)

Howard Marks on Cycles, Panics & Valuation
(DBN)

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Aviation:

Warren Buffett's $10 billion airline investment reveals everything you need to know about the industry
(DBN)

There’s No ‘Free’ Lunch at 40,000 Feet, Either
(DBN)

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Healthcare:

Bankrupt California hospital closes
(DBN)

Spokane physicians declare bankruptcy Physicians go bust owing millions to insurers and other clients
(DBN)

Insurers Voice Concern Over House GOP's Outline for Health Law Repeal Obamacare Goes Under the Knife
(DBN)

Mark Cuban: Obamacare Repeal Is Going to Hurt
(DBN)

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Television:

American Idol Secured Court Agreement To Revive Show
(DBN)

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Software:

ATopTech Fires Back At Objections Over Sale, Bonus Plans
(DBN)

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Accounting:

FDIC Can Split Colonial Trials Against Crowe Horvath, PWC
(DBN)

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Art:

Arts Groups Draft Battle Plans as Trump Funding Cuts Loom
(DBN)

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UK:

Important changes to the insolvency legislation
(DBN)

Britain's justice secretary says Brexit is 'irrevocable' once triggered
(DBN)

UK Retail Sales Unexpectedly Decline as Inflation Bites
(DBN)

U.K. Government Launches Consultation Into Deficit-Prone Pension Plans
(DBN)

U.K. manufacturing orders at 2-year high: CBI
(DBN)

Hundreds of UK hotel companies at risk of going bust
(DBN)

Brexit Puts GM's Vauxhall Workers at Risk
(DBN)

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EU:

Contracting for a European Insolvency Regime
(DBN)

Euro zone businesses growth fastest since April 2011: PMIs
(DBN)

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PIIGS:

Aggressive' vulture funds swoop in on Irish property
(DBN)

After seven years of bailouts, Greeks sink yet deeper in poverty Greek Bailout Deal Pushed Back as Deadline Missed Again Euro zone mulls IMF involvement in Greece, mission to unblock new loans Greece's creditors are now the main impediment to solving the country's woes EU officials urge quick agreement on terms of Greek bailout Eurozone tries to avoid another Greek crisis Schaeuble denies 'Grexit' threat, says Greece on right path Greece Goes to Eurogroup With Low Expectations 'From bad to worse': Greece hurtles towards a final reckoning Bailout Negotiators Get Go-ahead to Return to Greece Greece agrees to bailout reforms compromise How do you say deja vu in Greek? Greece reaches deal with creditors in Brussels Greece's creditors get back in the game Save Greece by Saving Its Economy First Gov't will pass measures and 'countermeasures,' says minister
(DBN)

What is the message from Greece's bond market?
(DBN)

Wanted: a CEO willing to hold Greek banking's "poisoned chalice"
(DBN)

Portugal repays half of IMF loan, calls it sign of health
(DBN)

U.S. Fund Lone Star in Concluding Talks for Novo Banco Purchase
(DBN)

Fewer people getting official debt deals as numbers of people declared bankrupt rise ‘Traitorous behaviour’ shown by banks putting people out of homes
(DBN)

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Canada:

Receiver's Rights and Obligations Trump Creditor's Possessory Lien Claim
(DBN)

White men still top dogs at Canadian law firms
(DBN)

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South Africa:

Orrick Assists in Debt Restructuring of South Africa's Largest Retailer
(DBN)

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Mongolia:

Mongolia agrees to $5.5 billion economic bailout plan with IMF, others
(DBN)

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Germany:

German houses are up to 30% overvalued: Bundesbank
(DBN)

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Somalia:

IMF Says Donors May Partly Forgive Somalia's $5.3-Billion Debt
(DBN)

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Mongolia:

IMF to Loan Mongolia $440 Million as Part of Bailout Package
(DBN)

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China:

China's Economy is Dangerously Close to Unraveling
(DBN)

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