February 6, 2017

The Daily Bankruptcy News

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Law:

'It Really Worked': Opposing Firms Join Forces to Save a Business From Bankruptcy
(DBN)

Associate Bonus Watch: To Play In The Big Leagues, Pay Like The Big Leagues
(DBN)

Chadbourne Suit’s $155M Question: Is a Law Firm Partner an Employee?
(DBN)

Norton Rose Fulbright eyes transatlantic tie-up with Chadbourne & Parke What are the prospects for the Norton Rose-Chadbourne merger? Partners have their say
(DBN)

Greenberg Traurig Settles Clawback Suit Over $2.2M In Fees
(DBN)

Dewey Lied About Docs Over $8M Tax Bill, Ex-Client Says Dewey's Road From Mistrial To Retrial Dewey Redux: A Master Plan, The Secret 7 And A Ski House Dewey Trial 2.0 Set To Begin As Jury Selection Wraps Up
(DBN)

What’s the Role of Big Law in Today’s America?
(DBN)

Taking the 'Robot' Out of Artificial Intelligence: Perspective for Modern Law How law firms are staying on top of the latest in artificial intelligence technology
(DBN)

Why Law Firm Chairs Shouldn’t Pick Their Successor
(DBN)

Having grit and a growth mindset goes a long way for women lawyers, according to ABA study
(DBN)

Tiffany Trump Visits Another T14 Law School
(DBN)

Charlotte Law School Enrollment Shrinks 62% Since Fall Semester; 2L Hit With Honor Code Violation For Criticizing Administration
(DBN)

How can law schools encourage diversity and opportunity? Two Florida deans speak out
(DBN)

25% Of Schools Setting Up Significant Numbers of Students To Fail Students At 51 Law Schools Are At Extreme Or Very High Risk Of Failing The Bar Exam
(DBN)

All Litigation Is Emotional
(DBN)

Exploring A Lateral Litigation Partner Move
(DBN)

The appeals court denied a request to restore Trump's immigration ban Ninth Circuit Rejects Motion For Immediate Reinstatement Of Executive Order But Schedules Expedited Argument For Monday What Seattle Judge Said About Trump Travel Ban - and What Happens Next Trump DOJ to courts: Don’t second-guess the president on immigration The Case Against National Injunctions, No Matter Who Is President More than 40 suits challenge immigration order and airport detentions; standing is an issue Boston Judge Declines to Extend Order Blocking Trump Ban Will the Courts Find Trump's Ban Unconstitutional? Is Trump's immigration ban headed for the Supreme Court?
(DBN)

IRS lawyer who is an adjunct Georgetown law prof in charged in alleged meth conspiracy
(DBN)

Maybe There Won't be a Voter Fraud Probe Pence to Head Commission on Voter Fraud
(DBN)

Donald Trump Will Make The Legal Profession Great Again
(DBN)

Paul Goldstein skewers law school politics in new satirical novel 'Legal Asylum'
(DBN)

Proposed new law plans to let rapists sue their victims
(DBN)

Why I left Linklaters to work on a game for people with dementia
(DBN)

The Texas Law Hawk’s Late-Night Infomercial Spoof Hits On All Cylinders
(DBN)

The Lawyering of Super Bowl 51
(DBN)

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Judges:

Judge Neil Gorsuch’s Bankruptcy Opinions – Part 2
(DBN)

Trump blasts 'so-called judge' Pence Defends Criticism of Judge Who Blocked Ban Pence Insists Trump Wasn’t Questioning ‘So-Called’ Judge’s Legitimacy Trump's Unworthy Attack on a Federal Judge Trump's 'so-called judge' tweet ire some in GOP Appeals Court Rejects Bid to Quickly Restore Travel Ban Trump: 'If something happens,' blame the judge who blocked my immigration order Trump Tries to Shift Blame for Hypothetical Terror Attack on Seattle Judge The federal judge Trump slammed on Twitter is known for his conservative views Correcting The Record: Here’s The Truth About Judge’s Order Halting Travel Ban McConnell Rebukes Trump's Judge Attack
(DBN)

For Supreme Court Nominee, an Early Lesson in Politicking Trump May Be the First Test Case for His Own Supreme Court Nominee Gorsuch's Lively Writings at Columbia FactCheck: Gorsuch's Fascism Forever Club Fact Check: "Not a single Democrat opposed Neil Gorsuch's confirmation in 2006." Gorsuch’s High Court Nod Gets Tense Partisan Reception in Senate The 4 Rules That Will Explain Neil Gorsuch’s Confirmation Fight Neil Gorsuch and Barack Obama both graduated from Harvard Law School in 1991, but their legal ideologies are fundamentally different Will Neil Gorsuch be the next David Souter? As Law Prof, Gorsuch Banned Laptops, Garnered Respect Gorsuch Must Condemn Trump’s Attack on a Judge
(DBN)

The Future Of The Supreme Court Rests On One Person’s Shoulders
(DBN)

Judge Wears Anti-Trump Hat to Court
(DBN)

This Judge Is Master Of The Courtroom, You Are Not
(DBN)

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Wall Street:

Dow faces a fight to hold onto 20,000 as investors stay on Trump watch
(DBN)

Stocks Close Higher As Nasdaq Rises 0.5%
(DBN)

Wall Street Faces Fed Stress Tests Assuming Global Recession
(DBN)

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Layoffs:

250 layoffs hit GE Texas plant
(DBN)

Deutsche Bank to Cut 9,000 Equities and Fixed Income Trading Staff
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Politics:

Early Signs Suggest Trump's Actions Are Taking a Toll on Trump Brand Nordstrom Is Dropping Ivanka Trump's Brand Here's What Retail Workers Have To Say About How Ivanka Trump Clothes Are Selling Macy's is under pressure to drop Ivanka Trump Eric Trump’s business trip to Uruguay cost taxpayers $97,830 in hotel bills Ivanka Trump and Jared Kushner Said to Have Helped Thwart L.G.B.T. Rights Rollback Documents confirm Trump still benefiting from his business Trump still closely tied to business holdings Trump just received the lowest approval rating in recent history for a new president Trump's Approval Numbers Matter It turns out Donald Trump’s ‘forgotten men and women’ aren’t who you thought Clergy rebuke President Trump’s politics-from-pulpit plan Rubio blasts Trump's defense of Putin: 'We are not the same' Trump’s Russia-US comparison rejected by Democrats and Republicans Global Demonstrations Over Trump
(DBN)

Senate Republican Leader McConnell Distances Himself From Trump Stances
(DBN)

In an age of 'alternative facts,' a massacre of schoolchildren is called a hoax
(DBN)

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Retailing:

Bob's Stores parent Eastern Outfitters files for bankruptcy Eastern Mountain Sports' Parent Is Latest Retailer to File Bob's Stores parent files for bankruptcy
(DBN)

Retail Woes Continue For Bankrupt Versa Companies
(DBN)

American Retail in Decline
(DBN)

Trading of Macy’s stock is halted amid reports that it could be bought by department store rival Macy's-Hudson's Bay Deal Could Mean The End RIP, Macy's?
(DBN)

Here’s why malls across the US are dying
(DBN)

Ivanka Trump's brand responds to being dropped by Nordstrom
(DBN)

Wet Seal Wins Initial OKs For Liquidation Hilco, Gordon Brothers to Manage Wet Seal Liquidation
(DBN)

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Personal Finance:

7 things you shouldn't tell your kids about money
(DBN)

The smart way to follow up after an interview when you haven't heard back
(DBN)

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Celebs:

Johnny Depp In Financial Turmoil And On The Verge Of Bankruptcy ?
(DBN)

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Non-Profits:

Couple heartbroken by adoption agency bankruptcy Hundreds of families left stranded Couple lose $20K when adoption agency goes bankrupt Bankruptcy filing shows once-lucrative adoption agency left with $57,000
(DBN)

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Fantasy Sports:

Fantasy Aces And Wire Fraud: Low-Hanging Fruit For A Federal Prosecutor?
(DBN)

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Education:

College Will Suspend Operations
(DBN)

How U.S. college endowments lost big taking on more risk
(DBN)

Four students file class action against Intercoast Colleges
(DBN)

A Lesson From Trump University's Predecessor
(DBN)

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Economy:

ISM Non-Manufacturing Index at 56.5% in January
(DBN)

Fed’s Williams Sees Some Arguments to Hike Rates in March
(DBN)

Trump Cites Friends to Say Banks Aren’t Making Loans. They Are.
(DBN)

Time to sell the dollar on ‘erratic’ Trump policies, J.P. Morgan says
(DBN)

January Employment Report: 227,000 Jobs, 4.8% Unemployment Rate Another Solid Employment Report Trump Inherits a Solid Job Market. Can He Really Make It Better? Economists React to the January Jobs Report: 'Further From Full Employment' Unemployment rate by industry and class of worker in January 2017 Unemployment rate by occupation in January 2017
(DBN)

Good News, Bad News for Trump as the Economy Picks Up Steam
(DBN)

Goldman on the Trump Agenda Goldman throws cold water on Trump agenda, says political, economic risks 'less positively tilted'
(DBN)

Fed Nowcast at 2.9% for 2017:Q1, up 0.2 percentage point from two weeks ago.
(DBN)

House GOP's corporate tax scheme has its Republican skeptics Trump's border tax smacks of the kind of policy that could cause a depression Trump sounds optimistic note on US tax reform, says it may get done this year This CEO was hoping for a Trump tax cut. He’s getting more than he bargained for.
(DBN)

Paul Singer's Elliott: 'There is a deep underlying complacency which we think permeates global financial markets'
(DBN)

Donald Trump And Paul Ryan Are Taking On Walmart And The Koch Brothers
(DBN)

Trump's 'America First' policies are catapulting Boeing into dangerous territory
(DBN)

After Trump attack, Lockheed Martin slashes F-35 cost US to buy more F-35 fighter jets from Lockheed Martin
(DBN)

Prospects Dim for Deficit Control as Trump Drives for Defense Buildup
(DBN)

Will Trump Restore 4% Growth or Crash the Economy?
(DBN)

Is Trump’s Travel Ban Already Hurting US Tourism?
(DBN)

Trump wants to renegotiate NAFTA — here's what you need to know
(DBN)

The problem with Trump's border tax plan
(DBN)

Trump's most forceful executive order on immigration isn't the immigration ban 8 million people could be deported under Trump's immigration order Tech Firms Join Up to Fight Muslim Ban DOJ lawyer says more than 100,000 visas have been revoked; State Department says number is 60,000 Tech firms to urge Trump to alter US travel ban Apple, Facebook, Google, Microsoft and 94 other tech companies call travel ban ‘unlawful’ in rare coordinated legal action
(DBN)

The CEO of Nissan-Renault has figured out what Trump's 'America First' doctrine means for the auto industry
(DBN)

Public and Private Sector Payroll Jobs: Carter, Reagan, Bush, Clinton, Bush, Obama
(DBN)

Monthly average earnings per hour of all employees in the United States in January 2017, by industry
(DBN)

Congress Can Finally Reform Social Security
(DBN)

Trump’s Trade Representative Could Negotiate for His Biggest Client’s Industry
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

House flipping is making a comeback, and that has some people nervous
(DBN)

Trump Can Now Re-Create the Housing Crisis
(DBN)

SEC Drops $428M Thornburg Mortgage Case
(DBN)

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Municipalities:

Puerto Rico gov approves referendum in quest for statehood Puerto Rico governor approves statehood referendum Puerto Ricans to vote on statehood in June
(DBN)

'Colonialism Not an Option:' Puerto Rico to Hold Independence Vote
(DBN)

The Dallas pension fiasco could happen in your state or city too
(DBN)

Trump Threatens to Defund California
(DBN)

Cutting jobs, street repairs, library books to keep up with pension costs
(DBN)

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Oil/Gas:

An oil showdown between the US and OPEC is just starting
(DBN)

Oil stuck near $57 as Iran, OPEC countered by US drilling rebound
(DBN)

"Another huge week" for total US oil rigs, Pressure on OPEC deal Eagle Ford rig count ramps back up amid stabilizing oil prices
(DBN)

Seadrill's Outrageous Restructuring Proposal
(DBN)

Vanguard Natural Resources Can't Make It, Files for Bankruptcy Why Vanguard Filed for Bankruptcy amid Commodity Price Recovery Citi, JPMorgan, Wells Provide $50MM DIP to Vanguard
(DBN)

Gasoline Glut Could Ruin Oil Price Party
(DBN)

Breitburn rolls out bonus plans as bankruptcy seen grinding on
(DBN)

Senate rejects transparency rule for oil companies
(DBN)

U.S. refiners face weakening demand at pump for first time in 5 years
(DBN)

BP's profits set to halve for the second year in a row
(DBN)

Oil workers who stayed help Midland bounce back after the bust
(DBN)

Phillips 66 profits plunge to close weak refining year
(DBN)

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Politics:

Trump brushes off description of Putin as a 'killer': 'Our country's so innocent?'
(DBN)

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Travel:

Flight attendants share the 25 things they wish passengers would stop doing
(DBN)

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Environmental:

EPA uses Superfund money to clean bankrupt recycling business
(DBN)

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Surfing:

Mavericks surf contest canceled after organizer files for bankruptcy Contest organizer Jeff Clark ‘shocked and frustrated’ by Titans bankruptcy Mavericks Surf Contest Organizer Hopes for Quick Sale out of Bankruptcy
(DBN)

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Corporate Reform:

Trump Moves to Roll Back Obama-Era Financial Regulations Trump signs order to begin rolling back Wall Street regulations
(DBN)

Dodd-Frank Is Dead! Long Live Dodd-Frank!
(DBN)

Dodd-Frank Overhaul Requires Caution
(DBN)

Mixed reactions to Trump's push for Dodd-Frank overhaul
(DBN)

On the Road to Dead-Frank
(DBN)

Dodd-Frank needs a reformation, not a gutting, Barney Frank says
(DBN)

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Autos:

Key Safety Emerges as Preferred Bidder for Air-Bag Maker Takata Takata's Chinese White Knight Maybe Isn't
(DBN)

Takata faces fresh bankruptcy fears Bankruptcy Looms As China-Backed Key Safety Systems Seen As Buyer Takata shares plunge by a fifth on bankruptcy fears
(DBN)

China’s Auto Ambitions Get a Boost as Takata Picks Bidder
(DBN)

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Pensions:

Asset Buyers Beware: PBGC Attempts to Hold Asset Buyer Liable for Seller’s Underfunded Single Employer Pension Plan Termination Liabilities
(DBN)

Michigan leads effort to shift workers away from pensions
(DBN)

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Tax:

Here Comes Obama's Unpaid Taxes Travel Ban
(DBN)

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Food/Beverage:

Dark times for cocoa as prices hit 4-year lows
(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 (40 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (12 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)

Philadelphia Credit & Restructuring Summit Slated for March at Union League
(DBN)

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Bankruptcy Statistics:

January 2017 Bankruptcy Statistics- State and District
(DBN)

January Total Bankruptcy Filings Up 5 Percent from 2016, First Consecutive Monthly Year-over-Year Increases Since 2010
(DBN)

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UCC:

“All assets” Filings Under the Uniform Commercial Code: Is more or less correct?
(DBN)

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Barton Doctrine:

Appeals Brewing on Breadth of the Barton Doctrine in the Second Circuit
(DBN)

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Trustees:

BK CD IL Looking For Chapter 7 Trustees
(DBN)

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TIA:

Marblegate v. EDMC: What does the Second Circuit’s Opinion Say (and Not Say) About Releasing a Guarantee?
(DBN)

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IP:

Another Appellate Court Rejects Lubrizol Approach to Effect of Rejection of Trademark License in Bankruptcy
(DBN)

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Insurance:

NJ Insurer Ordered Liquidated Amid Mounting Financial Woes
(DBN)

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Healthcare:

Texas hospital files for bankruptcy, secures loan from UHS to stay afloat
(DBN)

Bankrupt Louisiana Heart Hospital Says It Plans To Close Wanted: Someone to operate Louisiana Heart Hospital
(DBN)

Trump loses backbone on drug prices. Is there a pill for that? What CEOs say happened in Trump’s closed-door meeting with big pharma
(DBN)

GOP Faces Anger Over Obamacare Repeal
(DBN)

Trump’s Immigration Ban Imperils Some Medical Residency Programs
(DBN)

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Mining:

New managers of former Essar Steel Minnesota ask bankruptcy court for mineral rights Minn. Mine Owners Say Public Leases Key To New Ch. 11 Plan
(DBN)

Mesabi Metallics files plan to reorganize
(DBN)

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Gambling:

Suffolk OTB counts on a casino in Islandia to counter bankruptcy
(DBN)

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Hollywood:

Legal Complaint Adds Detail to Fraud Allegations Against Steven Mnuchin Treasury Nominee Steven Mnuchin Targeted In Relativity-Related Lawsuit Trump Treasury pick Steven Mnuchin sued in revived film fraud case Trump Secretary Nominee Sued for over $80 Million in Fraud Steve Mnuchin Faces Fraud Claim Related to Relativity Media
(DBN)

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Fraud:

Former Vann’s CEO guilty of more than 170 fraud charges
(DBN)

SEC drops crisis-era case against ex-Thornburg executives
(DBN)

‘Hamilton’ Ponzi Schemers’ Victims Said to Include Tudor Jones
(DBN)

Judge Seeks Deal In MF Global's $1B PwC Malpractice Suit
(DBN)

In the Shadow of the Omnipresent Claw
(DBN)

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Apparel:

Shoes.com Is Officially Bankrupt: Here’s What Customers Should Know
(DBN)

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Religion:

Richmond: South Side church property sold in bankruptcy
(DBN)

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Golf:

Bankruptcy proceedings will continue for country club
(DBN)

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Shipping:

The bell tolls for Hanjin
(DBN)

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UK:

Restructuring: The UK's Place in the World
(DBN)

U.K. Business Says Brexit Already Having a Negative Effect
(DBN)

UK media regulator revokes licenses of Pakistani TV group
(DBN)

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EU:

Tale of Two Donalds: Trump gives Europe splitting headache
(DBN)

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PIIGS:

Greece On Brink Again as IMF, EU Clash over Solution IMF: Contingency fiscal measures are unavoidable in Greece Tsipras, Merkel agree on need to speed up Greek bailout talks Grexit? Greece again on the brink as debt crisis threatens break with EU Greek bailout program would end if IMF pulled out: German finance minister
(DBN)

Athens eyes tax breaks to offset new measures
(DBN)

Portugal is cautioned over high debt, low investment
(DBN)

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Canada:

Sask. insolvency spike directly linked to oil and gas downturn: financial adviser
(DBN)

Transfers at an Undervalue; Backfires in Creditor Proofing
(DBN)

Secured creditors take issue with Essar Global
(DBN)

Manitoba Hydro cutting 900 jobs in 'necessary first step'
(DBN)

Lessons Learned - Get the Name Right on the Financing Statement
(DBN)

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India:

Bill to address bankruptcy in financial sector to be introduced this session
(DBN)

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Mexico:

The U.S.-Mexico relationship is dangerously on the edge
(DBN)

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Bahamas:

Govt granted CCA’s ‘Baha Mar switch’ 11 days before bankrupt
(DBN)

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Australia:

Clive Palmer ordered to open the books for most of his empire
(DBN)

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Singapore:

Wrestling With Corporate Life Support in Singapore
(DBN)

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