January 24, 2017

The Daily Bankruptcy News

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Law:

Law Firm Leaders Feeling Good About 2017
(DBN)

The Collapse of Dewey & LeBoeuf, Round 2 Jury Selection Kicks Off In Dewey Retrial
(DBN)

Richest Firms Pulled Ahead in 2016 as Some Regions Struggled
(DBN)

Litigation Funding Could Be Champertous in Some States
(DBN)

Leverage Still Rules: There's one difference between law-firm 'haves' and 'have-nots'
(DBN)

KWM pays out 1.2m to former proposed administrator AlixPartners
(DBN)

Details emerge in nasty fight between feds and Charlotte School of Law Charlotte Law School Rejects Feds' Demand That It Close Immediately And Let Teach-Out Partner Florida Coastal Take Over Classes; Hopes For 'Fairer Hearing' From Trump Administration
(DBN)

Ethics watchdog group files first major lawsuit against Trump in his presidency Chemerinsky, other scholars to file suit claiming emoluments clause violations by Trump Lawsuit Over Trump’s Foreign Dealings Plows Uncharted Ground ‘Totally Without Merit’: Trump Dismisses Lawsuit Filed by Prominent Legal Scholars Sorry Mr. Trump, Emoluments Lawsuit Against You Isn’t ‘Totally Without Merit’ Why the New Ethics Lawsuit Against Trump Is Probably Dead on Arrival
(DBN)

Lawyers Step Up As Democrats Cave In
(DBN)

Giant Law Firm Overlooks Giant Trump Conflict… Sends ‘Oops’ Letter
(DBN)

ACLU reveals seven-point plan to fight Trump polices, files information request
(DBN)

SNL Knows Not All Law Firm Partners Are Created Equal
(DBN)

The Future for Big M&A Deals Under Trump?
(DBN)

Observing Davos as a Big Law Chair
(DBN)

The Artificially Intelligent Future of Law
(DBN)

In-House: 8 Tricks To Seamlessly Become Both A Business And Legal Professional
(DBN)

Two BigLaw firms lose their ampersands
(DBN)

Top law firms will provide effortless experience and key in on performance data
(DBN)

Opening statement lays groundwork to win case—or lose it
(DBN)

How life lessons from a legendary golf instructor can improve lawyers' litigation scores
(DBN)

Florida requires lawyers to include tech in CLE courses
(DBN)

For more good: Law firms find other ways to provide service to society
(DBN)

The Evolution of the 'Virtual Law Firm'
(DBN)

The Artificially Intelligent Future of Law
(DBN)

Lawyer's best-selling novel started as a birthday resolution
(DBN)

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Judges:

Missoula lawyer named US bankruptcy judge for Montana
(DBN)

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Wall Street:

Dow futures in holding pattern ahead of raft of earnings
(DBN)

S&P 500 slips, set for worst day of the year—the postelection ‘honeymoon is over’
(DBN)

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Layoffs:

Technology vs. the Middle Class
(DBN)

Gannett laying off 141 employees at New Jersey news group
(DBN)

Ringling Bros. to lay off 462 employees
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Politics:

Suit Alleges President Trump Violated Constitution Defining 'Forgotten Man' Is Key to Trump's Presidency Why Trump's Family and Friends Are in for Heavy Financial Scrutiny Why Trump’s business conflicts can’t—and won’t—just be swept aside Democrats say Trump’s Washington hotel lost money before the election, push for GSA action Trump Era Begins with Moves Against Regulations, Obamacare The dangerous side to the art of the deal ‘Morning Joe’ demands Trump fire aides after rocky start: ‘The show has begun really badly’ White House says Trump has resigned from his businesses Trump adviser had five calls with Russian envoy on day of sanctions: sources Trump’s Taxes May Stay Hidden, No Matter What Senior Aide Says Trump just got his first approval rating as president — and it's not good Trump repeats debunked claim that voter fraud caused him to lose popular vote to Hillary Clinton Trump Brought Staff to Cheer Him at CIA
(DBN)

Sean Spicer won't say what the unemployment rate is
(DBN)

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Healthcare:

Bankrupt CA Hospital Shuts its Doors
(DBN)

SEC, Nursing Home Owner Resolve Bond-Pilfering Claims
(DBN)

Judge: Aetna Quit ACA to Extort Government Over Merger
(DBN)

U.S. fund managers betting Trump fails to rewrite Obamacare
(DBN)

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Solar:

Brookfield Asset Management Inc in exclusive talks to buy bankrupt SunEdison’s TerraForms
(DBN)

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Coal:

Mine cleanup concerns lead objections to Peabody bankruptcy plan
(DBN)

Peabody Shareholders Object to the Short End of the Stick
(DBN)

Alternative Reorganization Plan For Peabody Energy Proposed
(DBN)

Ind. Blasts Peabody's Ch. 11 Statement Over Bond Details
(DBN)

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Healthcare:

Some Republicans Wary of Repealing ACA Without Replacement Plan
(DBN)

Republicans propose giving U.S. states option to keep Obamacare
(DBN)

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Celebs:

Bankruptcy lawyers say 'Real Housewives' stars Chris and Jacqueline Laurita owe them $290K
(DBN)

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Awards:

Bodie B. Colwell Elected Co-Chair of the New England Network of IWIRC
(DBN)

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Pharma:

Creditor Panel Fights Shutdown In ScripsAmerica Ch. 11
(DBN)

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Economy:

Heed the Fed's Balance Sheet Banter
(DBN)

President Trump signs order to withdraw from Trans-Pacific Partnership These Countries Are All Scrambling to Save the TPP After Donald Trump Pulled Out Trump didn't kill TPP, the people did
(DBN)

GOP Fires Warning Shot to Trump Over NAFTA
(DBN)

The real long-term threat to American jobs is tech, not trade deals
(DBN)

What Trump Doesn't Get About Trade Debate
(DBN)

Abandoning Trade Will Make the Poor Poorer
(DBN)

Trump Issues Executive Order to Freeze Federal Hiring
(DBN)

Trump: We're going to 'cut regulations by 75%' and impose a 'very major border tax' President Trump Focuses on Trade With Promise of 'Very Major' Border Tax
(DBN)

Donald Trump Just Took His First Steps on ‘America First’
(DBN)

The head of 'the most powerful company you've never heard of' on Trump, China, and the future of trading
(DBN)

Trump to meet with U.S. auto CEOs amid jobs push Auto Industry's No. 1 Preoccupation: Trump The truth behind Trump, the auto industry and Mexico
(DBN)

Trump’s strategy to bash corporations on Twitter suddenly makes sense How Companies Can Gird for a Trump Twitter Attack
(DBN)

Trump's plan to jumpstart US manufacturing could backfire over a major flaw Trump's trade plans to test his deal-making skills
(DBN)

Paul Ryan and Trump see two fundamentally different US economies — and one is a fantasy
(DBN)

Here's what President Trump means for the sharing economy
(DBN)

Trump's 'failed economics' could push the US back into recession by 2018
(DBN)

5 States That Would Get Hit Hardest in a Trump Trade War
(DBN)

Trump's Plans for Spending Spook Foreign Bond Buyers
(DBN)

Here Are 3 Stocks That Could Tumble If Donald Trump Ended NAFTA
(DBN)

Rising interest rates will prick the leveraged share buyback craze
(DBN)

Here are the countries with the biggest debt slaves
(DBN)

US Role in World Economy Shifts
(DBN)

Buffett: US Will Do Fine Under Trump
(DBN)

Chart: 700 Years of Western Inequality
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

NMHC: Apartment Market Tightness Index remained negative in January Survey
(DBN)

Mortgage Origination Volume Projections to 2019
(DBN)

Mortgage Delinquencies Declined in December
(DBN)

Trump Returns America To Real Working Americans By Canceling Mortgage Relief Program
(DBN)

2016 Brought Largest Foreclosure Decline on Record
(DBN)

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Municipalities:

Puerto Rico Debt Negotiations Begin
(DBN)

Puerto Rico Creditors Open Checkbooks in Debt Negotiations
(DBN)

Puerto Rico Governor Says No to Board's Austerity Demands
(DBN)

United States Virgin Islands Risks Capsizing Under Weight Of Debt
(DBN)

Economists say Trump’s federal hiring freeze shouldn’t hurt D.C.’s economy … unless there’s more to come Trump staffers are reportedly building a budget proposal with major cuts to federal agencies and programs
(DBN)

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Oil/Gas:

Forbes Energy Services files for bankruptcy in Texas Forbes Energy eyes quick bankruptcy exit Forbes Energy eyes quick emergence from prepackaged Chapter 11
(DBN)

Mon.: Oil slips as U.S. drilling recovery offsets OPEC-led cuts Oil Prices Fall on Signs of Rising U.S. Output Oil Prices Fall In Spite Of Consensus At OPEC Monitoring Meeting Oil declines as drillers in US add most rigs in three years
(DBN)

Tues.: Oil rises near US$53 as Iraq says close to full OPEC cut pledge
(DBN)

Oil Prices Could Reach $60 This Year: Novak
(DBN)

Why Cheap Natural Gas Is History
(DBN)

Halliburton: We are seeing weakness everywhere but in North America
(DBN)

Saudi Arabia isn't worried about the threat from US shale
(DBN)

Canadian Drillers Brave Deep Freeze as Oil Patch Revives Growth
(DBN)

Halliburton Loses $5.7 Billion
(DBN)

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Telecoms:

Avaya, in no-brainer, pulls $1 billion IPO in wake of bankruptcy filing
(DBN)

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Student Debt:

U.S. Departments of Education, Treasury Sign MOU to Help Student Loan Borrowers
(DBN)

Navient CEO Jack Remondi: CFPB is more interested in filing lawsuits than fixing student loan servicing
(DBN)

Student Debt Crisis Made Worse by Loan Servicers, Regulators Say
(DBN)

Some Borrowers Get Student Loans Discharged in Bankruptcy Court
(DBN)

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Debt Collection:

Court Rules in Favor of Plaintiff on Out of Stat Letter
(DBN)

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Retailing:

BCBG Is Closing a Bunch of Stores
(DBN)

Macy's is unloading a bunch of real estate
(DBN)

A number of chains have either closed locations, shut down for good, or are teetering on the edge
(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 (20 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (15 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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Appeals:

Is It Really Over? Appellate Court Finds Lack of Jurisdiction to Hear Bankruptcy Appeal
(DBN)

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Make-Whole:

The Redemption 'Make Whole' Remedy Controversy — An Easy Fix
(DBN)

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Involuntary Bankruptcy:

Involuntary Debtor’s Flim-Flam Turns Off a Court of Equity
(DBN)

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Adequate Protection:

Paying Fees from Retainers Doesn’t Require Adequate Protection for Lenders
(DBN)

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TIA:

Second Circuit Overturns Marblegate Decision Regarding Violation of §316(b) of the Trust Indenture Act
(DBN)

Out -of -Court Restructuring Transactions : What’s Old Is New Again after Marblegate
(DBN)

Second Circuit Adopts Narrow Interpretation of Trust Indenture Act Provision Intended to Protect Bondholders
(DBN)

Get Ready for Out of Court Bond Restructurings: Cliffs and the Reversal of Marblegate
(DBN)

Second Circuit Rules on § 316(b) in Marblegate
(DBN)

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Barton Doctrine:

MF Global Insurers Ordered To Drop Bermuda Proceedings
(DBN)

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IP:

First Circuit Bankruptcy Appellate Panel Recognizes Rights of Trademark Licensees in Bankruptcy
(DBN)

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Judicial Estoppel:

Justices Won't Hear Worker Claims Barred By Ch. 7 Omission
(DBN)

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Paper:

Bankruptcy judge approves plan to pay East Millinocket, other Great Northern Paper creditors
(DBN)

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Estate Sales:

More legal troubles in Texas for THR founder Jeff Parsons
(DBN)

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Fraud:

Swindlers and Crooks Doing Backflips: New Balleisen Book on Fraud
(DBN)

French Prosecutors Looking at 22 Targets in Panama Leaks Probe
(DBN)

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Food/Beverage:

ABN Amro Queries Cocoa Supplier Over ‘Missing’ $313 Million
(DBN)

Saul Ewing Seeks $11.4M For 2 Years Of Work On ADI Case
(DBN)

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Shipping:

Yang Ming: reports of our impending financial death have been greatly exaggerated
(DBN)

U.S. SEC Says Shipowner OSG, Former CFO, Charged Over Tax Evasion
(DBN)

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Corporate Reform:

Sullivan & Cromwell’s Rodgin Cohen on Financial Regulation Under Trump
(DBN)

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Pensions:

Georgia Court Differs with Circuit Opinions on PBGC Claim Calculation
(DBN)

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Autos:

Company accuses Faraday Future of defaulting on $1.8 million payment
(DBN)

Takata shares plunge as bankruptcy looms
(DBN)

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UK:

The Curious Incident of the Insolvency Sector in the Light of Economic Turbulence
(DBN)

PI reforms could cost 28,000 UK law firm jobs, warn economists
(DBN)

UK Parliament Must Approve Start of 'Brexit' Talks, Supreme Court Rules Supreme Court Brexit ruling: What happens next?
(DBN)

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PIIGS:

Greece: Gov't scrambles for coherent positions ahead of Eurogroup Greece Can Expect Very Little From Thursday's Eurogroup
(DBN)

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Canada:

Canada will be the big winner of Trump's trade policies
(DBN)

Former Nortel workers seek justice through Charter challenge Nortel Trade Group OKs $154M Claim As Ch. 11 Ruling Nears
(DBN)

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India:

RBI to set up corporation for insolvency resolution in the financial sector
(DBN)

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