February 7, 2017

The Daily Bankruptcy News

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Law:

Nearly half of top legal officers expect to fire at least one law firm this year, survey says
(DBN)

A Typical Way Associates Screw Up
(DBN)

A Woman Always Has To Audition
(DBN)

Dewey Retrial Start Tripped Up By Juror Problems
(DBN)

What went wrong with the firm that morphed into KWM?
(DBN)

The 2017 Georgetown Legal Report And The Sunset Of The Traditional Law Firm Partnership Model The Georgetown Report - Goodbye, BigLaw, 'Twas Not Cost-Efficient Doing Business with You
(DBN)

Legal Departments Find Value in Keeping Work In-House, Report Says
(DBN)

Weil partner profits soar 22% as revenue climbs 9%
(DBN)

The 'Soft Underbelly' of Cybersecurity Meets Legal Ethics
(DBN)

Wyoming law school ends out-of-state tuition, for 3 students(DBN)

Former Dean: ABA Should Deploy SWAT Teams To Rescue Students At Failing Law Schools
(DBN)

ABA To Vote On 75% Bar Passage Requirement ABA House rejects proposal to tighten bar pass standards for law schools
(DBN)

Charlotte School of Law reportedly files teach-out plan to ABA Charlotte Law Students Skewer Administration; Terminated Faculty Lawyer Up
(DBN)

Informants' interviews force Markel trial delay
(DBN)

Winston Hires 23 Partners, Opens Dallas Office Winston & Strawn Moves into Dallas, Poaching 21 Lateral Partners
(DBN)

Law Firm General Counsel Roles Are Evolving - And Sometimes 'Lonely'
(DBN)

Federal appeals court decides to schedule a hearing on Trump travel order At Ninth Circuit, Big Law Makes Its Stand Against Trump Travel Ban In Trump appeal of immigration ruling, a battle over court’s authority Trump's DOJ Files Response to Nationwide Halt of Travel Ban More Than 280 Law Professors Fight Travel Ban to Protect International Students Does Trump Want to Lose the EO Battle in Court? Or is Donald McGahn Simply Ineffectual (or Worse)? The battle over Trump's immigration ban looks like it's headed to the Supreme Court ABA groups build rapid-response website to help respond to Trump immigration order Legal battle escalates over Trump travel ban Trump Administration to Argue U.S. Faces Grave Peril Without Ban Seattle Judge is Just Wrong, Foreign Nationals Were Arrested in U.S. From Countries on Trump’s Ban List Trump’s Refugee Ban and the Legal Battle Over It: QuickTake Q&A Whatever the Courts Say, Trump’s Travel Ban Is Already Working
(DBN)

Florida State Attorney’s Office Cleans House After Alleged Drug-Fueled Bachelorette Party
(DBN)

Trumpkin Law Professor Supports Putting Ankle Trackers On ‘Suspected’ Terrorists
(DBN)

Jury Selection Begins in Double Murder Trial Against Lawyer Accused of Killing Millionaire Father
(DBN)

From Biglaw Partner To Big Law Author: An Interview With Ron Liebman
(DBN)

Melania Trump refiles $150M libel lawsuit
(DBN)

Did Thornton Law overcharge clients by millions? A federal judge wants to know
(DBN)

Wife Admits Killing Weightlifter Husband With Antifreeze in Steroids
(DBN)

A US court has ordered Google to hand over emails stored outside of the country to the FBI
(DBN)

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Judges:

Judicial independence ‘not up for negotiation’ Klein says in speech addressing Trump tweets
(DBN)

Criticized by Trump for blocking his immigration order, this ‘so-called judge’ is a Bush appointee Trump Sends Message to Judicial Nominees By Chewing Out Bush Judge ABA President Rails Against Trump Tweets Attacking Judge Who Blocked Ban President Trump’s Real Fear: The Courts
(DBN)

Look into Threats to Federal Judges Following Trump’s Tweets
(DBN)

Supreme Court Nominee’s Legal Approach Follows Scalia Neil Gorsuch's Personality Could Shift Supreme Court's Dynamic Trump’s blasts at judge raise questions for Gorsuch on independence Gorsuch Supports Two-Year Law School, but Scalia Dissents Judge Gorsuch And The Laptop Ban Judge Gorsuch’s Law School Résumé Under Scrutiny How Trump Chose His Supreme Court Nominee Gorsuch should be considered for the Supreme Court on his merits, not on Trump's tweets
(DBN)

McConnell Has a Lot of Nerve Scolding Democrats for Plan to Block Gorsuch, Even if He’s Right
(DBN)

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Wall Street:

Wall Street stocks stuck in a rut, as investors wait for GM earnings
(DBN)

Wall Street slips as energy shares, oil prices drop Stocks close slightly lower amid Trump policy fears; energy drops 1%
(DBN)

Goldman Sachs Says Trump Rally Has Been Curbed
(DBN)

Trump's Mixed Signals Are Baffling the Markets, $220 Billion Manager Says
(DBN)

Gross says Wall Street is struggling with a vicious cycle of QE addiction
(DBN)

5 Charts: All Not Going Well in Markets
(DBN)

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Layoffs:

Bankrupt Louisiana Heart Hospital Faces WARN Suit
(DBN)

Addressing WARN Act Liability in Liquidating Mid-Market Cases
(DBN)

Transocean, Atwood Oceanics Lay Off 200 Offshore Workers in Texas
(DBN)

Will IBM’s Watson be an accountant killer?
(DBN)

Transocean, Atwood cut 200 offshore Gulf jobs
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Retailing:

Eastern Outfitters Is the Latest Bankrupt Retailer
(DBN)

Warning Signs Mount on Sears Turnaround Bid
(DBN)

How Gift Card and Gaming Bankruptcy Cases Hurt Customers
(DBN)

‘Trump’ Turns Into a Minefield for Retailers
(DBN)

Marbles: The Brain Store files for bankruptcy , seeks to close all its stores Marbles: The Brain Store to close 37 locations
(DBN)

UK retailer set to acquire Nasty Gal Nasty Gal Sale to Proceed with Boohoo Only Qualified Bidder
(DBN)

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Autos:

Takata Shares Plunge on Bankruptcy Fears
(DBN)

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Electricity:

Moody's could again downgrade Mississippi Power
(DBN)

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Student Debt:

Student debt now affects a staggering number of elderly Americans
(DBN)

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Corporate Reform:

Trump economic adviser likens Wall Street regulatory regime to a crummy restaurant menu
(DBN)

AARP calls Trump order on fiduciary rule harmful to its members Imagine a world in which everyone who sells you a good or service is subject to a ‘fiduciary rule’
(DBN)

What Trump's deregulation agenda misses
(DBN)

The head of the European Central Bank slammed Trump's efforts to slash Wall Street regulation
(DBN)

Trump’s acting SEC chair targets rule forcing firms to disclose what CEOs earn compared to their employees
(DBN)

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Personal Finance:

The average cost of a wedding is at an all-time high
(DBN)

How to impress any interviewer, according to Facebook's global head of recruiting
(DBN)

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Sporting Goods:

Performance Sports Gets OK On $575M Sale Of Assets Performance Sports Group Receives Court Approval Of Sale Of Substantially All Of Its Assets To Investor Group Led By Sagard And Fairfax Financial
(DBN)

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Shipping:

Industrial Shipping Company Ultrapetrol Files Prepack In SD NY - Disclosure Statement Argentina's Ultrapetrol seeks Chapter 11 protection
(DBN)

Norwegian firms to create offshore oil industry supply vessels giant
(DBN)

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Student Debt:

Trump can vastly affect student loan debt with these possible changes
(DBN)

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Telecoms:

Does Avaya Have a Post-Chapter 11 Prayer?
(DBN)

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Economy:

The Fed already has a problem with its 2017 forecast
(DBN)

Dollar shoots higher as Fed’s Harker says March hike ‘is on the table’
(DBN)

It's been a long time since the US was in recession, and it looks like it'll remain that way for some time yet
(DBN)

CEO confidence at near-record high. Why? Trump's war on regulation
(DBN)

Chamber of Commerce: Don't Tear Up NAFTA
(DBN)

Despite critics' claims, Dodd-Frank hasn't slowed lending to business or consumers Banks expect to make corporate loans easier to get, Fed survey finds
(DBN)

Goldman Sachs: Don't Bet on a Big Boost from President Trump's Policies 3 reasons why Goldman Sachs is shifting its economic outlook Goldman Is Wondering If Anyone Else Is Getting Weird Vibes From This Trump Guy Goldman Sachs: Here's how Trump will escalate a trade war with China
(DBN)

ECB: Trump Seeding Next Financial Crisis
(DBN)

American Dream Now for the Top 20%
(DBN)

The US is going to slip below India and China in a ranking of the most powerful economies in the world These will be the 32 most powerful economies in 2030
(DBN)

US leads 'significant increase' in global economic confidence: Survey
(DBN)

5 financial-policy issues that will define Trump’s legacy
(DBN)

Tech Companies File Legal Brief Against Trump's Immigration Order Google Coordinates Funding of Legal Brief Versus Trump Order Why Companies From Apple to Zynga Oppose Trump's Travel Ban Tech Opposition to Trump Propelled by Employees, Not Executives Tesla and SpaceX join 97 other companies in opposing Trump's immigration ban ABA House urges President Trump to withdraw travel ban The Cost Of The President’s Executive Order Big name Silicon Valley investors say Trump's immigration ban will cause 'irreversible damage' Trump Not First to Ban Foreigners Tech's Fight Against Trump's Travel Ban Is a Matter of Survival Draining the Valley Instead of the Swamp
(DBN)

Jack Ma: 'If trade stops, war starts'
(DBN)

How Trump Actions Will Derail Your Retirement
(DBN)

Companies that would get hammered by a Trump trade war with Mexico
(DBN)

Fewer Americans Now Expect to Die in Debt
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Exploring the Rule 3002.1 Minefield
(DBN)

"7.4 million homes lost to foreclosure sale since 2007"
(DBN)

Diversification key for mall developers as retail landscape evolves
(DBN)

Surviving the next housing-market hurricane
(DBN)

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Municipalities:

Illinois faces another credit rating downgrade without budget action
(DBN)

Two years after bankruptcy , Stockton among healthiest cities
(DBN)

Detroit’s recovery: The glass is half-full at most
(DBN)

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Oil/Gas:

Oil Slips as Increase in Drilling Reported Oil Prices Fall On Glut Fears Despite Tighter Market
(DBN)

Oil's biggest one-day loss since mid-January erases last week's gain
(DBN)

Tues.: Oil prices rise on the heels of sharp losses; production data ahead Oil prices steady as reviving shale activity balances OPEC cuts
(DBN)

OPEC meets 91 percent of promised output cuts in January Oil Markets On A Knife Edge Despite 91% OPEC Compliance
(DBN)

Diamond Offshore Sees Recovery when Oil "Well Over $60"
(DBN)

Rooster Energy Enters Into Limited Forbearance Agreement With Holders of Senior Secured Notes
(DBN)

Bonanza Creek Equity, Notes Groups Attack Ch. 11 Terms
(DBN)

Post-Restructuring Seadrill Will Be Highly Levered
(DBN)

Shares in BP are diving after another disappointing set of results
(DBN)

Gibson Dunn Announces Houston Office Opening
(DBN)

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Politics:

The White House included some curious incidents on its list of under-reported terror attacks The 78 Attacks White House Claims Are Under-Reported 'Divorced from reality': CBS anchor slams Trump after wild day of inaccurate comments Trump and Staff Rethink Their Tactics After Early Stumbles Former Joint Chiefs chairman: Trump needs to kick Steve Bannon out of the National Security Council Donald Trump says all negative polls are fake news Steve Bannon Is Making Sure There’s No White House Paper Trail Is Steve Bannon the Second Most Powerful Man in the World? What Trump Wants Everyone to Forget Retired general says Trump's defense of Putin is 'the most anti-American statement ever made' by a president GOP heavyweight James Baker slams Trump’s foreign policy: ‘We have allies that are just scared to death’ Executive Power Run Amok Trump tells troops — with no evidence — that the press isn't reporting on terrorism The target of the US military raid in Yemen is still alive, and he mocked Trump in an audio recording Trump Voters Stand to Suffer the Most Trump gives America's 'poorest white town' hope
(DBN)

Ivanka Trump: Being dumped by Nordstrom protects her ‘integrity’
(DBN)

Great. Now Liberals Are Creating Fake News
(DBN)

Conservatives Brace For Trump's Revenge
(DBN)

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Mass Torts:

'Travesty': Filmmaker Not Allowed To View Testimony Of Famed Asbestos Lawyer
(DBN)

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Towing:

Towing Company United Road Towing Files for Chapter 11 Bankruptcy Towing Co. Files Ch. 11 To Avoid Potential $5M Judgment
(DBN)

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Travel:

Your Craziest Travel Tales: The Finalists
(DBN)

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Advisors:

JND Corporate Restructuring Appoints Smith as Senior Consultant
(DBN)

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Celebs:

Johnny Depp's Reported Money Woes Continue Here's what Johnny Depp reportedly spends $2M a month on
(DBN)

'Chrisley Knows Best' Todd Chrisley Is In Big Trouble In Georgia Records show reality TV star Todd Chrisley may have evaded state income taxes
(DBN)

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Autos:

Takata: U.S. firm is frontrunner to buy troubled airbag maker
(DBN)

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Gambling:

Carl Icahn To Try And Sell Former Trump Taj Mahal Casino Icahn Says He'll Sell Ex-Taj Mahal Casino; Blames NJ Pol Christie vetoes bill to punish Carl Icahn for closing casino
(DBN)

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Corporate Governance:

Court Addresses Whether Unclean Hands Bars Advancement
(DBN)

The Importance of the Business Judgment Rule
(DBN)

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Healthcare:

GOP Medicaid Funding Proposals Could Save $150 Billion, Analysis Finds
(DBN)

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Pensions:

US pension funds are slashing their forecasts...and some don't even think they'll meet those
(DBN)

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Supplements:

Pembroke Pines-based supplement maker files Chapter 11
(DBN)

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Aviation:

American airlines want Trump to take on their Gulf rivals
(DBN)

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Fraud:

Ex-Execs Fight Discovery Freeze In $1B Platinum Fraud Suit
(DBN)

Utah man who claimed to operate ‘legal Ponzi’ scheme sent to prison
(DBN)

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New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (80 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (9 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:

January Total Bankruptcy Filings Up 5% from 2016 ABI: January Total Bankruptcy Filings Up 5% from 2016
(DBN)

U.S. Courts: Bankruptcy Filings Drop 6 Percent in 2016, Lowest since 2006
(DBN)

Consumer bankruptcies posted back-to-back increases for the first time since the aftermath of the financial crisis
(DBN)

New Hampshire bankruptcy filings edge up in January
(DBN)

January Total Bankruptcy Filings, 2006-17
(DBN)

Weekly Bankruptcy Claims Trading Activity
(DBN)

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Professional Compensation:

So What Does a Bankruptcy Carve-Out Clause Really Mean? Delaware Bankruptcy Court Concludes It is Not a Cap on Fees After All
(DBN)

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Miscellaneous:

AlixPartners unpacks its 2017 restructuring survey, identifies factors contributing to continued O&G and retail restructuring cycles AlixPartners 2017 North American restructuring experts survey: a changing world
(DBN)

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Cross-Border:

Judges lead the way on cross-border insolvency initiatives
(DBN)

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Subordination:

Bankruptcy Court Decision Illustrates Limits of Section 510(b) Subordination of Claims
(DBN)

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Cramdown:

Fair Equivalents and Market Prices: Bankruptcy Cramdown Interest Rates
(DBN)

Cross-Collateralized Loans May Be Crammed Down
(DBN)

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Intercreditor:

Judge Punts on How the Rule of Explicitness Survived Adoption of the Code
(DBN)

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Make-Whole:

Language Matters: Third Circuit Finds Make-Whole Provision Enforceable After Bankruptcy Filing
(DBN)

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Coal:

Rebel creditors file emergency appeal against Peabody reorganization
(DBN)

The 'Death Of Coal ' Was Premature
(DBN)

As Demand Wanes, U.S. Coal Has a New Playbook to Dig Itself Out
(DBN)

Peabody, Blackhawk Tap High-Yield Debt Markets
(DBN)

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Education:

Harvard Receives $1.2 Bn, Promptly Loses It
(DBN)

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UK:

Trump will be barred from speaking in Parliament
(DBN)

UK tourists face mobile phone roaming charges post-Brexit
(DBN)

The long- and short-term impacts of Brexit on the UK legal industry
(DBN)

HSF LLPs reveal 2015-16 revenue figure almost £40m lower than previously reported
(DBN)

UK Biz: Brexit Has Already Taken a Toll
(DBN)

EU officials confirm that any Brexit deal must be worse than full EU membership
(DBN)

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EU:

Draghi is fending off attacks to the Euro from all sides
(DBN)

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PIIGS:

Greece's Response to Its Resurgent Debt Crisis: Prosecute the Statistician
(DBN)

Greece Won't Meet Fiscal Surplus Targets Set By Europe, IMF Says
(DBN)

IMF: Greece's debts are still unsustainable despite progress Rare split on IMF board puts Greek bailout at risk
(DBN)

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Canada:

Essar Steel Algoma Secures Debtor-in-Possession Extension
(DBN)

Grande Cache Coal bankrupt as town deals with declining population
(DBN)

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China:

China's top court outlines plan to help 'zombie firms' file for bankruptcy
(DBN)

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South Korea:

Korea is 20 years away from a 'demographic time bomb,' IMF says
(DBN)

The fall of a marine nation
(DBN)

South Korea's Biggest Sea Carrier Attempts Recovery After Hanjin Disaster
(DBN)

Near-1,000% Debt Level to Worsen for Korean Air as Won Seen Weak
(DBN)

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Cayman Islands:

Restoration of the ‘Redemption Creditor’ in the Cayman Islands
(DBN)

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India:

Slow notification impacts bankruptcy code
(DBN)

M&A deals within India to triple by 2019, new bankruptcy law contributing factor
(DBN)

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Venezuela:

Veil Piercing When a Sovereign Owns the Shares; Venezuela Edition
(DBN)

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Russia:

Retired Gen. Flynn to recommend Trump make a big move against Russia
(DBN)

Eurobond holders, banks creditors approve restructuring of Metinvest's liabilities
(DBN)

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Singapore:

Casualties mount in Singapore's offshore sector, weigh on banks
(DBN)

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Australia:

Herringbone, Rhodes & Beckett join retail carnage
(DBN)

Emeco restructure costs hit $39m
(DBN)

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China:

China's Top Court Outlines Plan to Help 'Zombie Firms' File for Bankruptcy
(DBN)

China's foreign exchange reserves fall below $3 trillion for first time in nearly six years
(DBN)

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South Africa:

Cell C downgraded to lowest junk status after missing payments
(DBN)

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