February 9, 2017

The Daily Bankruptcy News

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Law:

Restructuring Outlook: Optimism and Uncertainty
(DBN)

Akin Gump partner is arrested while wearing a disguise and trying to sell a sealed lawsuit, FBI says Akin Gump Partner Arrested Trying To Sell The Details Of A Whistleblower Complaint (While Wearing A Wig) Akin Gump Lawyer Charged With Trying to Sell Sealed Suit Akin Gump Lawyer Accused of Trying to Sell Lawsuit Under Seal Akin Gump Partner's Arrest Highlights Hiring Risks for Firms
(DBN)

K&L Gates’ London associate pay remains unchanged despite having target hours hiked by 30%
(DBN)

Norton Rose-Chadbourne: this is all about New York
(DBN)

Hogan Lovells partners outside of the US see 25% PEP increase as revenue rises 8%
(DBN)

KWM partners rejected repeated attempts to raise capital in years before collapse
(DBN)

Dewey & LeBoeuf Collapse Returns to Center Stage
(DBN)

Affluent students get law school merit scholarships while others foot the bill, study finds
(DBN)

Lawyerly Lairs: A Power Couple’s $4 Million Perch
(DBN)

It Turns Out You Can Be Too Rich
(DBN)

Speak Up, Find Mentors and Other Tips From Women Attorneys at the Top
(DBN)

Revenue, Profits Soar at Baker Botts Amid Contingency Wins
(DBN)

Big-Name Lawyers Who Screwed Up, Big Time
(DBN)

The Ethics of Artificial Intelligence in Law Practice
(DBN)

Seyfarth signs licensing deal with ‘software robots’ company to automate mundane tasks
(DBN)

For-Profit Law School Faces Crisis After Losing Federal Loans
(DBN)

Winston & Strawn opens Dallas office with 21 lateral partner hires
(DBN)

The Reality Of Failure
(DBN)

Securities class action filings rise to highest levels in 20 years
(DBN)

Chuck Cooper Emerges As Trump's Likely Choice For Solicitor General
(DBN)

CFPB signals regulation of litigation funding industry
(DBN)

Charlotte Administration Pens Lame Response To Alumni Demands Alumni Demand Resignation of Charlotte Law School Dean, President
(DBN)

The Impact Of The Possible Repeal Of The Charitable Deduction On Law School Deans
(DBN)

Houston Police Offering Reward In Search For Brady Jersey
(DBN)

A good day at work? Not likely if you’re a lawyer
(DBN)

How to work less and get more done
(DBN)

Will My Law Career Always Feel This Toxic?
(DBN)

Senate confirms Jeff Sessions for Attorney General Civil Rights Leader’s Poignant Statement On Jeff Sessions
(DBN)

What the Ninth Circuit Is Saying About Trump Travel Ban Trump may have undermined the legal case for his immigration ban in 2 major ways Trump Team Shuffles Lawyers in Hours Before Travel Ban Hearing Trump’s DOJ Attorney Stutters and Stammers His Way Through Travel Ban Hearing Lawyers Accuse Trump Admin of Failing to Comply With Judge’s Order in Travel Ban Lawsuit It’s Not Foreigners Who are Plotting Here: What the Data Really Show ACLU Lawyer Interrogated By Border Agent, Proving Exactly Why This Travel Order Is So Troubling
(DBN)

Deputy Suspended After Ridiculously Offensive Facebook Post About Obamas
(DBN)

JPMorgan Accused of Nickel-and-Diming Jurors on Debit Cards
(DBN)

The Other Emoluments Clause That Could Really Spell Legal Trouble For President Trump
(DBN)

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Judges:

BK MA Closed Due To Weather BK NJ Closed BK ED NY: Central Islip Closed BK SD NY Closed Winter storm could drop a foot of snow on northeast US
(DBN)

NV: No photos or audio recording in courthouses
(DBN)

'Courts seem to be so political': Trump calls out Federal Courts for freezing the travel ban Lawyers Take Stand Against Donald Trump’s Treatment Of Federal Judge Trump Lashes Out at Judges Again Trump launches blistering attack on judges in rambling speech Trump to judges: Even a 'bad high school student' would rule in my favor Donald Trump's unnerving belief that the judiciary's purpose is to stay out of his way Trump says 9th Circuit hearing on travel ban was ‘disgraceful’ 9th Circuit panel shows some skepticism as administration defends Trump’s temporary immigrant ban The Best Tweets From The Ninth Circuit Immigration Argument Ninth Circuit Judges Seem Pretty Concerned With Statements by Trump, Giuliani About 'Muslim Ban' Trump Travel Ban: Hard Questions Asked by Appeals Court The Ninth Circuit and Presidential Lies Trump Plays the Fear Card as He Badgers Judges for Their Vote
(DBN)

'Justice Scalia's seat' has a distinguished Supreme Court history going back 150 years
(DBN)

Judge wants review of legal bills after firms reveal 9,000 hours of ‘inadvertent’ double-billed time Boston federal judge puts Labaton, Lieff on the hot seat in fee review
(DBN)

Gorsuch in the Mainstream Democrats question independence of Trump Supreme Court nominee The Gorsuch nomination: What’s next Gorsuch Scores Points by Distancing Himself From Trump SCOTUS nominee Neil Gorsuch calls Trump’s attack on judiciary ‘demoralizing’ and ‘disheartening’
(DBN)

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Wall Street:

Stocks indicate modestly firmer open
(DBN)

Stocks close mixed as banks notch 3- day losing streak; oil rises
(DBN)

The stock market is starting to ignore Trump's tweets
(DBN)

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Layoffs:

Rackspace cutting 6% of U.S. workforce, 275 jobs
(DBN)

DE: B.F. Rich closes its doors, laying off 130 workers
(DBN)

MO: Reckitt Benckiser cutting 140 jobs
(DBN)

Rakuten, formerly Buy.com, to cut 73 jobs
(DBN)

Coal company lays off 200 miners
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Skiing:

There is an old joke in the ski industry that a resort needs to go bankrupt three times before it can be profitable.
(DBN)

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Distressed Investing:

Opportunities In Special Situations/Post-Bankruptcy Reorganizations
(DBN)

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Religion:

Gallup diocese emerges from bankruptcy
(DBN)

Pope Francis: it is wrong to build walls and say 'I'll make you pay for that'
(DBN)

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Media:

Scout Media's $9.5M Ch. 11 Sale To CBS Unit Gets Court's OK
(DBN)

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Pharma:

No Reasonable Path Forward For Galena
(DBN)

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Agriculture:

The Next American Farm Bust Is Upon Us
(DBN)

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Corporate Governance:

Chancery Addresses Indemnification for Affirmative Claims of Directors
(DBN)

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Banking:

GOP Moves to End Limits on Overdraft Fees
(DBN)

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Social Media:

Twitter shares crater after ugly revenue miss, shockingly weak guidance
(DBN)

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Economy:

Record $1 Trillion in Junk Debt to Mature in Next 5 Years Junk May Slam Into $1 Trillion Wall as Maturities Hit Record
(DBN)

A recession indicator mysteriously sprang up in January, and analysts don't know why
(DBN)

The New Face of American Unemployment
(DBN)

Strike tests Trump’s appeal to blue-collar workers
(DBN)

How Trump killed Obama's vaunted trade deal — and why it could affect the US for decades
(DBN)

Roubini: The Trump rally is about to smack into a wall of worry
(DBN)

Trump slams Nordstrom for dropping Ivanka's fashion line
(DBN)

Poll: Travel ban is one of Trump's most popular executive orders Public Opinion on Trump's Travel Ban Apple’s Tim Cook on Trump immigration ban: Steve Jobs was the son of an immigrant Trump's Travel Ban Turning Off Tourists
(DBN)

Foreign subsidies and air traffic control: Here's what is on airlines' radars ahead of Trump meeting American Airlines CEO Won't Attend Thursday Meeting With Trump UA CEO Plank on Trump: He's a real asset for the country
(DBN)

Larry Fink: The US is facing 2 major crises
(DBN)

Crumbling airports are a major pain point for the US economy
(DBN)

Here's how much money Americans could save — or lose — under Trump's tax plan
(DBN)

The Latest Crack in the Trump Economy
(DBN)

How Goldman Sees a Trump Trade War Hurting US-China GDP Growth
(DBN)

U.S. Consumer Credit Posts Smallest Annual Gain Since 2013
(DBN)

Texas Will be Biggest Loser in Trade War
(DBN)

Gross: Addiction to QE Will Return to Haunt
(DBN)

Intel Announces $7 Billion US Factory Recycled News? - Trump Is 2nd President to Tout Unfinished Intel Factory
(DBN)

BlackRock’s Larry Fink sees ‘dark shadows’ in markets
(DBN)

How the 1% Earned More Than the 100%
(DBN)

Trump’s Oval Office Tweets Force CEOs to Choose Fight or Flight
(DBN)

Number Of Americans Renouncing Their U.S. Citizenship Hit All-Time High In 2016 (Up 26% From 2015)
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

When the Debtor Holds a Junior Lien: Can a Senior Lien Creditor March On or Is It Stayed?
(DBN)

Mortgage rates decline for the third straight day
(DBN)

Framing Lumber Prices Up Year-over-year
(DBN)

Lawler on Household Projections
(DBN)

____________

Municipalities:

AlixPartners Quits as Adviser to Puerto Rico Utility
(DBN)

Connecticut governor seeks cuts, labor savings, to close budget hole Did Connecticut's Governor Just Admit His State Is Bankrupt ?
(DBN)

State rep: 'Very close' to filing Dallas pension bill Dallas Board Seeks to Place Police, Fire Pension System in Receivership
(DBN)

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Oil/Gas:

Thurs.: Oil prices lifted after data shows strong U.S. gasoline demand
(DBN)

Crude oil inventories skyrocket
(DBN)

Permian Drilling Costs Surge: Are The Days Of Cheap Oilfield Services Over?
(DBN)

OPEC ministers raise possibility of extended output cuts Are These OPEC Members Sabotaging The Output Deal?
(DBN)

Paragon Creditors Say Third Extension Request Is Too Many
(DBN)

Seadrill Bonds Trading For Dimes On The Dollar
(DBN)

EQT Wins Bankruptcy Auction Bid To Buy 53,400 Core Marcellus Acres For $527 Mln
(DBN)

That surge in US oil imports? Goldman says it's gonna reverse soon
(DBN)

From Bust To Boom: Why Canada’s Rig Count Increased 50 Percent Last Year
(DBN)

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Politics:

Trump reportedly called his national security adviser at 3 a.m. to ask if the US wants a strong or weak dollar What these experts would tell Trump at 3 a.m. about the dollar 'I don't think the president owns a bathrobe' Why White House Keeps Crying Fake News Steve Schwarzman Explains Why He Counsels Trump Democratic senator refers Trump's tweet attacking Nordstrom to government ethics office President Trump targets Nordstrom for 'unfairly' dropping Ivanka's fashion line Nordstrom Hits Back on Trump Tweet Ethics experts knock Trump for knocking Nordstrom for dropping Ivanka Nordstrom broke the curse of the Trump tweet Here are all the companies that have ditched Ivanka Trump's brand TJ Maxx Backs Away From Ivanka Trump as President Assails Belk Is the Next Department Store to Stop Carrying Ivanka Trump Online Trumps Continues to Cash In on the Presidency White House Correspondents' Dinner in Trouble as Trump Scares Off Hollywood Stars and Media China sends Trump 'high praise' after letter to Xi seeking 'constructive' relationship Poll: More Americans Doubt Trump Agenda Trump: I Can Do Whatever I Want
(DBN)

Drudge: 'Republican Party should be sued for fraud'
(DBN)

People on Twitter are rallying around Elizabeth Warren after she was silenced by Republicans A Democratic senator read Coretta Scott King's letter aloud in the Senate after Elizabeth Warren was silenced Did Elizabeth Warren break the rules? And what is Rule 19? The History Behind The Senate Rule Mitch McConnell Used To Silence Liz Warren
(DBN)

The Man Who Predicted the Rise of Trump
(DBN)

Melania Expounds on Public Service, Trump-Style
(DBN)

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Turnarounds:

Sawyer Joins Ankura as Senior MD/Turnaround Group
(DBN)

______________

Bankruptcy Crimes:

Ex-Monarch Mortgage CEO sentenced to 2 years in bankruptcy fraud case
(DBN)

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Shipping:

Three Firms Pump Fees From Bankrupt Bahamian Oil Shipper
(DBN)

South Korean court all but sinks Hanjin Shipping
(DBN)

Long-term freight slump taking toll
(DBN)

US Creditors Appeal Hanjin Container Terminal Sale
(DBN)

Strained shippers eyeing mergers
(DBN)

Container Shipping Is Starting a Long, Slow Turn
(DBN)

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Golf:

Bankruptcy court: Country club assets as much as $4.8 million
(DBN)

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Hollywood:

Relativity Media’s One-Time Partner Pushes for Liquidation Banker Gives Up On Relativity; Investor Officially Pushes For Chapter 7
(DBN)

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Metals:

Dayton doesn't want Mesabi Metallics to get state mining leases
(DBN)

______________

Accounting:

$3M Ends EY Negligence Row In Universal Health Bankruptcy
(DBN)

______________

Autos:

Ohio Auto Dealer Dealt Blow In Bid To Rejoin Chrysler Network
(DBN)

Morgan Stanley's top auto analyst suggests GM could be broken up
(DBN)

Border Tax Could Increase Car Pricing
(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 (12 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (4 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 Business Filings, 2011-17
(DBN)

Nation Sees Decrease in Bankruptcy Filings Bankruptcy Filings Increase Year-Over-Year
(DBN)

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Subordination:

The Subordination Of Equity-Related Claims In Bankruptcy
(DBN)

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Ch. 13:

Claim Deadline Also Applies to Secured Creditors in Chapter 13, Judge Holds
(DBN)

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Discharge:

Breach of Corporate Fiduciary Duty Is Not Automatically Nondischargeable
(DBN)

______________

Plan Confirmation:

“Any and All” Doesn’t Preserve Any and All Estate Claims Post-Confirmation
(DBN)

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TIA:

PE Firm Wants En Banc 2nd Circ. To Rehear Bond Law Ruling
(DBN)

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SCOTUS:

Smurfit-Stone Brief Highlights Intersection Of Antitrust, Bankruptcy Law
(DBN)

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Retailing:

Wet Seal Will Liquidate And Close 137 Remaining Stores
(DBN)

BCBG Max Azria Closing 120 Stores, Reportedly Looking At Bankruptcy Options
(DBN)

Inside RadioShack’s Slow-Motion Collapse
(DBN)

RadioShack Can Audit United HealthCare Claim Information
(DBN)

Eastern Outfitters Blames Bankruptcy On Credit Squeeze
(DBN)

Eastern Outfitters Gets Access To $65M DIP Loan In Ch. 11
(DBN)

Gildan Announces Completion of Acquisition of American Apparel® Brand
(DBN)

Possible Chapter 22 for EMS Brand – Sports Direct Eying EMS After Poor Holiday Sales
(DBN)

Deutsche Bank Analysts Say Time to Short CMBS as Retailers Ail
(DBN)

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Healthcare:

6 latest hospital bankruptcies, closures
(DBN)

Money fight starts in North Philly Health System bankruptcy
(DBN)

Moderate drinking was supposedly good for you — until researchers added in the influence of wealth
(DBN)

More United Medical Center woes: Board in turmoil over turnaround contractor
(DBN)

Is the Obamacare Repeal Over?
(DBN)

______________

Corporate Reform:

How President Trump could gut America's consumer watchdog Georgia Senator: CFPB is a 'rogue agency' Richard Cordray, consumer watchdog chief: We'll keep doing job to the best of our ability' Trump Takes Aim at Consumer Watchdog Here’s the easiest way for Trump to fire CFPB Director Cordray
(DBN)

After Trump Order, GCs Watching Closely for Dodd-Frank Changes
(DBN)

Bank Warns on Rolling Back Regulations
(DBN)

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Awards:

American College of Bankruptcy to Induct 30 New Fellows in 28th Class
(DBN)

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Tech:

Violin Memory Gets Nod For Ch. 11 Plan Pact With Soros Unit
(DBN)

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Non-Profits:

Nonprofits say de Blasio's budget pushes them toward insolvency
(DBN)

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Coal:

US federal court dismisses appeal by Peabody creditors
(DBN)

Peabody Energy Announces Upsize And Pricing Of $950 Million Senior Secured Term Loan Facility
(DBN)

How Coal Debt Became the New Equity
(DBN)

U.S. coal production on the rise — for now
(DBN)

______________

UK:

Insolvency may hit more of region's firms in 2017
(DBN)

The insolvency merry-go-round
(DBN)

Goldman to Close London Hedge Operation Goldman's London operations, one of the biggest launches in hedge fund history, closes its doors
(DBN)

Brexit to Leave Brits $4,000 Poorer
(DBN)

______________

PIIGS:

Greece Compared to the US Great Depression The last thing Europe needs: another Greek crisis Greek Government Divided Over Deadlock in Creditor Talks IMF's Lagarde says Greece needs work on economic data reporting Why is Greece back in the headlines? This Is Why Investors Are Suddenly Worrying About Greece Again Eurogroup's Dijsselbloem: No IMF in Greek Bailout, No Netherlands As Puerto Rico Or Ireland? The Choice Facing Greece The IMF Says Greece Just Isn't Going To Meet That Budget Nor Debt Repayment Target Just when you thought it was safe to go back into the Aegean Greek labor minister says IMF demands are 'unreasonable' Schaeuble Rules Out Greek Debt Cut as Violation of EU Rules
(DBN)

Monte Paschi’s Debt Hangover: Vineyards in Tuscany It Can’t Sell
(DBN)

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Canad:

The tale of the ‘silver-tongued’ financier who left a trail of broken companies and unhappy investors in his wake
(DBN)

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India:

Draft rules for voluntary liquidation to be finalized soon
(DBN)

New era: Insolvency resolution begins for seven Indian companies
(DBN)

India cenbank deputy says "bad bank" could help if designed right What India's Central Bank Is Really Saying
(DBN)

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Malaysia:

Malaysian ex-minister's son gets bankruptcy annulled
(DBN)

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Germany:

German global trade surplus at record-high in 2016
(DBN)

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