January 25, 2017

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Eversheds to introduce bonus to reward cross-selling with US merger partner
(DBN)

Associate Bonus Watch: A Silicon Valley Bellwether Weighs In
(DBN)

Quinn Emanuel Elects New Bankruptcy Partner
(DBN)

Charted: The American law schools most—and least—worth your money
(DBN)

Mayer Brown Not Liable For $1.5B Loan Flub, 7th Circ. Told
(DBN)

Lawyer who died in parking garage fire worked at BigLaw firm
(DBN)

Fla. Firm Dodges Ex-Client's Bankruptcy Billing Suit
(DBN)

Showdown Over Law Schools' Bar Pass Standard Set for Feb. 6
(DBN)

Charlotte Law School Reopens: 33% Of Students Have Transferred, Prof Says 42% Bar Pass Rate Would Have Been In 20s But For Payments To Students Not To Take Bar
(DBN)

California Bar Exam Carnage Extends To Out-Of-State Law Schools
(DBN)

Arnold & Porter Kaye Scholer Among Bankrupt ATopTech's Creditors
(DBN)

China arm of King & Wood Mallesons explains collapse of European offices KWM Europe: what went wrong? Partners have their say on the demise of legacy SJ Berwin
(DBN)

5th Circ. Upholds La. Bankruptcy Atty's Prison Sentence
(DBN)

Texas lawmaker: Jailing women for abortion will make them ‘more personally responsible’ about sex
(DBN)

The new lawsuit accusing Donald Trump of violating the Constitution, explained What the emoluments lawsuit against Trump is all about Constitutional Suit Against Trump Faces Hurdles A Poem About Emoluments
(DBN)

Florida Cop Tried to Kill Elderly Woman After Stealing Her Dog and Selling It on Craigslist
(DBN)

Lawyer should be disbarred for resumé lies, including Olympic claim, discipline board says
(DBN)

The Next Decade of Cloud Computing and Its Impact on Law Firms
(DBN)

Is Mike Pence Trying To Pull A Fast One On America?
(DBN)

TV Star Dating New York Associate
(DBN)

DLA Piper takes £15m hit from currency fluctuations as borrowings halve
(DBN)

Lawsuit: Hiding Under Desks To L--- U- Colleagues’ Skirts And Licking Their Faces????
(DBN)

Mr. President, I’m Your New Press Secretary
(DBN)

Nine Things That Make You Unlikable
(DBN)

Trump Admin Removes Apology for 1950s Mass Government Discrimination Against Gay Employees
(DBN)

Restaurant Manager Accused of Citing Trump to Justify Alleged Racism
(DBN)

If 3 to 5 Million People Really Voted Illegally, Why Won't Trump Call For Investigation? WH Refuses to Answer. Trump Is Sticking to a Voter Fraud Claim. Here Are the Facts.
(DBN)

Dad And Son Accused Of Imprisoning, R----- Teen Girl Will Base Defense On Bible Ohio Father and Son Demand To Use Bible As Defense To Alleged Serial R--- and Kidnapping Charges
(DBN)

US demoted to 'flawed democracy' by The Economist's research arm
(DBN)

Chicago motorists discover there is no time limit on the collection of parking tickets
(DBN)

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Judges:

Republican Judge Makes Offensive Comments About Women’s March
(DBN)

Trump will meet with Senate leaders over Supreme Court pick on Tuesday Trump to Announce His Supreme Court Choice Next Week
(DBN)

When Is a Judge Not Really a Judge?
(DBN)

Meet Neil Gorsuch, said to be a leading SCOTUS contender Three Things to Know About Neil Gorsuch, SCOTUS Front-Runner
(DBN)

Meet Thomas Hardiman, said to be a ‘dark horse’ SCOTUS finalist
(DBN)

Trump close to naming nominee for Supreme Court As Court Picks Come Into View, So Does a Political Brawl Trump has narrowed his Supreme Court list to 3 nominees Supreme Court Update: And Then There Were Three Four
(DBN)

White House Spox: Trump Has No Plans to Push to End Filibuster on SCOTUS Nominees
(DBN)

Diversity On The Supreme Court Means More Solos
(DBN)

Judge certifies class in lawsuit challenging PACER fees
(DBN)

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Wall Street:

US stock index futures higher as Dow eyes 20000
(DBN)

S&P 500, Nasdaq end at record highs; financials a boost
(DBN)

The man who transformed investing for Main Street sees a bleak future for Wall Street's money managers
(DBN)

NASDAQ: 'The market is telling us it is bullish on Trump'
(DBN)

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Layoffs:

Wal-Mart to Cut 200 E-Commerce Staffers in California
(DBN)

Verizon Axes 155 Go90 Staffers
(DBN)

Trump Planning Massive Cuts to EPA
(DBN)

Robots Are Taking Over Oil Rigs as Roughnecks Become Expendable
(DBN)

Trump’s federal hiring freeze may kill hundreds of well-paying jobs
(DBN)

Why Women Quit Working: Not for the Reasons Men Do
(DBN)

Whirlpool to cut 500
(DBN)

Windstream Eliminates 164 Jobs
(DBN)

Ad tech company Adform is laying off 8% of its staff
(DBN)

Even programmers could lose their jobs to computers
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Healthcare:

Another Hospital Bankruptcy, More to Follow in 2017
(DBN)

Democratic senator grills Trump health pick about whether he is developing Obamacare replacement The Meaning of 'Access' to Health Care Tom Price Is Open to a Major Change in How Medicaid Works
(DBN)

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Politics:

White House sources say Trump was ‘visibly enraged’ at the size of the Women’s March: report Insiders Leaking Horrendous Stories on Trump When a President Can't Handle Bad News
(DBN)

Elizabeth Warren, Former Harvard Law Professor, Vulnerable for 2018 Warren backs Carson for HUD secretary
(DBN)

GOP Official Under Fire After Posting Meme Asking If Women’s Protest Will Be Home to Cook Dinner
(DBN)

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Banking:

More Scandals: "WTF Wells Fargo"
(DBN)

Report: Vast Coverup of Crimes at Wells Fargo
(DBN)

At Wells Fargo, Bank Branches Were Tipped Off to Inspections
(DBN)

Wells Gave Bankers Plenty Of Time To Practice Forging Customer Signatures On Unauthorized Account Docs
(DBN)

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Food/Beverage:

Pizza Hut Franchisee With 56 Franchises Files for Bankruptcy
(DBN)

Other restaurant chain and franchise owners and operators that have filed ch. 11 over the last 12 months
(DBN)

Owners of Thorne's Market file for bankruptcy protection
(DBN)

Lone Star Steakhouse Shutters Restaurants
(DBN)

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Economy:

Hiring picked up in just 3 states last month, fell in 5 BLS: Unemployment Rates Lower in 10 states, Stable in 39 states in December
(DBN)

The 'border adjustment tax' idea just gained a very powerful supporter
(DBN)

Chemical Activity Barometer "Starts New Year with Strong Gain"
(DBN)

Trump Asked CEOs for a Plan; Now They Have to Agree on One Just How 'American' Are the Big U.S. Manufacturers That Met With Trump? CEOs Savor New Status in Trump's Washington Manufacturing CEOs go to President Trump for help in their fights against China
(DBN)

CEOs from the big 3 automakers are at the White House to talk jobs with Trump Trump Warns Auto Executives on Moving Business Overseas Here's why Trump is so focused on auto jobs It would be a disaster if automakers do what Trump wants Trump urges automakers to open manufacturing plants in the US to create jobs Trump tells leaders of U.S. automotive industry he’ll ease rules to bring back jobs The two main sticking points behind Trump's push to build more cars in the US Ex-Chrysler CEO says long-abandoned US auto factories could get fixed up due to Trump Toyota Motor to add 400 jobs at Indiana assembly plant Trump Dangles Incentives to Auto CEOs in Push to Lure Factories Trump Looks to Mend Fences With Detroit Car Makers How Many Cars Are Made in America?
(DBN)

Nominee to head budget office defends support for cuts to Social Security, Medicare
(DBN)

Foxconn: We Didn't Commit to a US Factory
(DBN)

Mnuchin Wants Looser Volcker Rule Limits
(DBN)

Trump friend and fellow real estate mogul says look to Reagan for Trump's tax cut potential
(DBN)

Trump signs executive orders on manufacturing, infrastructure
(DBN)

Trump poised to take Executive action on Immigration Trump Plans Mexican Wall and Sets Sights on Immigration The Economics of Trump's Mexico Wall
(DBN)

Trump Puts Hold on All New Regulations
(DBN)

Senate Panel Backs Wilbur Ross, Donald Trumpýs Pick for Commerce Secretary
(DBN)

Would Mexico really pull out of NAFTA?
(DBN)

Trump says making products in the U.S. is ‘gonna be cheaper.’ Economists disagree.
(DBN)

Budget nominee says increasing Social Security retirement age should be considered Trump’s Budget Head Set to Cut Spending as Debt Climbs Toward $20 Trillion Debt Projected to Rise by Nearly $10 Trillion by 2027
(DBN)

Why, when Trump says 'America First,' much of the world worries
(DBN)

What President Trump doesn’t understand about job creation (and destruction)
(DBN)

Donald Trump Focuses on Trade and Jobs Trump Places Tall Order on Trade Farmers dismayed at Trump withdrawal of U.S. from TPP trade pact
(DBN)

The Trump-Putin Parallels Pile Up
(DBN)

China Will Not Run from a Fight With Trump Donald Trump just forfeited in his first fight with China China and US Headed for a Showdown
(DBN)

Blackrock: How to think long-term in this "new world"
(DBN)

Fedex CEO: The US trying to grow without free trade 'would be like trying to breathe without oxygen'
(DBN)

Best jobs in America in 2017
(DBN)

US deficit to shrink to $559 billion in fiscal year 2017: CBO
(DBN)

U.S. Political Climate May Spur Some M.B.A.s to Study Elsewhere
(DBN)

8 basic income experiments to watch out for in 2017
(DBN)

Donald Trump Wastes No Time Going to Battle
(DBN)

Trump Nominee McMahon Vows to ‘Revitalize’ Entrepreneurship
(DBN)

U.S. Leveraged Loan Default Rate
(DBN)

Globalization is Officially in Retreat
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

NAR: "Existing-Home Sales Slide in December; 2016 Sales Best Since 2006"
(DBN)

'Reality finally caught up' with the most important part of the US housing market
(DBN)

The 10 hottest neighborhoods in America for 2017
(DBN)

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Municipalities:

Taxing Marijuana: A Hazy Issue For Municipal Bankruptcy
(DBN)

Hedge Funds Said to Offer Puerto Rico Financing as Talks Begin
(DBN)

Puerto Rico governor wants new debt policy
(DBN)

How To Steal $70 Billion And Get Away With It
(DBN)

IL: Skillicorn files bill to allow Debt-Ridden Municipalities to Seek Bankruptcy
(DBN)

Citing ‘Carnage’ in Chicago, Trump Eyes Federal Intervention
(DBN)

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Oil/Gas:

6 of the 8 U.S. oil -producing states now in recession
(DBN)

Despite Trump’s Rhetoric: U.S. Needs OPEC Oil
(DBN)

Expect A New Shale Boom This Spring
(DBN)

How a Republican border tax proposal could boost U.S. oil production and prices
(DBN)

Tues.: Oil Prices Edge Higher on Production Cut Confidence Oil prices rise as OPEC output cuts drain stocks Oil Pares Gain After Crude, Fuel Supplies Rise in Industry Data
(DBN)

Weinberg: OPEC Cuts Won’t Debt Global Inventories
(DBN)

API data show weekly rise of 2.9 million barrels in U.S. crude supplies: sources
(DBN)

Linn Energy looks to confirm Ch. 11 plan to shed $5.5 bln in debt Linn Energy Shareholders Object to Reorganization Plan; Believe Shareholder's Equity Being Understated by $4.7 Billion U.S. judge to confirm bankrupt Linn Energy's restructuring
(DBN)

Oil, Gas Co. Chaparral Wins Ch. 11 Disclosure Approval
(DBN)

Oil Industry Hopes for More as Trump Reverses Obama Policies
(DBN)

Trump is reviving 2 major oil pipelines
(DBN)

Cash Strapped Iranian Oil Industry Braces For Trump Impact
(DBN)

Is Libya A Bigger Threat To Oil Prices Than U.S. Shale?
(DBN)

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Coal:

Indiana Objects to Peabody Bankruptcy Plan, Cites Mine Cleanup Costs
(DBN)

As Peabody Comes Out of Bankruptcy, Little Clarity on Its $728 Self-Bonding Commitments in Wyoming
(DBN)

“Litigation creates a material risk to Peabody’s … viability”
(DBN)

Lease dispute could put Peabody reorganization at risk: Report
(DBN)

Alternative bankruptcy plan could 'imperil' Peabody: court paper
(DBN)

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Amusement Parks:

Scuttle's Island Chapter 7 bankruptcy petition dismissed
(DBN)

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Solar:

SunEdison Yieldco Wants $231M Row In Bankruptcy Court
(DBN)

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Bankruptcy Crimes:

New charges: Kent Lindemuth concealed $1.75 million from bankruptcy court
(DBN)

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Metals:

Optima Specialty Steel, Inc. Receives Court Approval to Access $40 Million Under New Credit Facility
(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 (14 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)

Seminars - (Contact us to list your seminar)

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Professional Compensation:

Bankruptcy Court Holds Committee Fee Cap Provision in DIP Financing Order is Inapplicable if a Plan is Confirmed
(DBN)

Committee Professionals’ Carve-Out in DIP Financing Order Not Per Se Limit on Fees
(DBN)

Thompson & Knight Seeks OK Of $26M In Life Partners Ch. 11
(DBN)

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TIA:

Second Circuit Issues Reversal in Closely Watched Marblegate Case
(DBN)

Milbank Prevails in Second Circuit Appeal with Significant Implications for Corporate Debt Market
(DBN)

Marblegate: what does it mean for European restructurings?
(DBN)

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Mediation:

A Surprisingly Successful Pre-Lawsuit Mediation
(DBN)

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Proofs of Claim:

Supreme Court Hears Argument on Stale Claims and FDCPA
(DBN)

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Mass Torts:

Certain Bankruptcy Trust Information Ruled Discoverable in Louisiana
(DBN)

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IP:

Selling Innovation in Bankruptcy
(DBN)

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UST:

Nortel Judge Threatens To Remove US Trustee Atty By Force
(DBN)

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Insurance:

Insurer Allowed to Recoup Premiums Against Insurance Claims
(DBN)

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Corporate Reform:

Cordray Mum on Future Rulemaking, Defends Rules on Mortgage Lending CFPB chief Cordray says it’s still business as usual
(DBN)

Cordray on New Realities, Priorities for CFPB Under Trump
(DBN)

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Retailing:

Mall Owners Rush to Get Out of the Mall Business
(DBN)

Schuylkill Mall sold to Missouri developer
(DBN)

Bankruptcy halts sale of Elkview’s marooned Crossings Mall
(DBN)

Why Sports Authority's Bankruptcy Isn't Done Wreaking Havoc on the Industry Yet
(DBN)

Hedge Fund Says Creditors Prolonged American Apparel Woes Hedge Fund Sues Other American Apparel Lenders
(DBN)

Retailers brace for wave of store closures
(DBN)

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Telecoms:

Judges to approve Nortel Networks bankruptcy plan Nortel cleared to end bankruptcy, distribute $7 bln to creditors Nortel Wins Plan Confirmation After 8 Years In Ch. 11
(DBN)

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Autos:

Rival Alleges Unfair Treatment in Takata Auction Takata shares soar 18% on bankruptcy plan denial Takata Surges After Reiterating It Wants to Avoid Bankruptcy
(DBN)

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Celebs:

Chris And Jacqueline Laurita Bankruptcy Update
(DBN)

Dance Moms' Abby Lee Miller is 'on the verge of breakdown'
(DBN)

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Prisons:

Trump’s tough talk on immigration spells huge profit for private prisons
(DBN)

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Student Debt:

Here’s What Student Loan Borrowers Expect Now That Trump Is President
(DBN)

This is the fastest-growing segment of borrowers burdened by student loans
(DBN)

Navient Lawsuit, Yet another Messy Piece of the Student Loan Bubble
(DBN)

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Debt Collection:

Medical Debt Is Top Reason Consumers Hear From Collection Agencies
(DBN)

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Shipping:

OSG Settles Final Bankruptcy Claim
(DBN)

More Italian shipowner restructuring to follow Bottiglieri
(DBN)

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Travel:

Go From Airport Curb to Cabin in a Flash of Your Eye
(DBN)

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UK:

A bill triggering Brexit will be published 'within days' Scotland will NOT get a vote on triggering Brexit Citi will decide on its Brexit contingency plans within the next 6 months A Microsoft employee said the company could axe UK expansion plans if there are post-Brexit trade tariffs What to Know About the U.K. Supreme Court’s Brexit Ruling Britain’s supreme court throws spanner in Brexit plans
(DBN)

BT's Italian Scam Is Just One of Many Problems
(DBN)

To “compete with China and Bangladesh,” UK garment factories paid workers as little as £3 per hour
(DBN)

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Canada:

Chevron case is textbook application of Canadian corporate law
(DBN)

Former Nortel workers on disability get day in court, but no success
(DBN)

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Brazil:

Ex-Billionaire Batista Has $63 Million Frozen by Judge
(DBN)

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China:

A key figure just presented China with a nasty choice for its economy
(DBN)

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India:

Writ petition filed in Bombay HC challenging the Insolvency Code
(DBN)

Kingfisher tycoon Vijay Mallya charged in loan default case -CBI
(DBN)

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Australia:

Cross Border Insolvency Update

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