January 30, 2017

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Welcome To Lateral Season
(DBN)

No Book of Business? No Problem!
(DBN)

Jury Selection Drags On For Dewey Execs In Round 2
(DBN)

The Yolk Worn by a Big-Law Trump Supporter Trump Foes Egged Me On to Support Him
(DBN)

Clients Are Splitting Litigation Into Affordable Pieces, Report Says
(DBN)

Clifford Chance sues New York City after construction work shuts down network
(DBN)

Alston & Bird Beats Suit Disputing $10M in Legal Fees Alston & Bird, Accused of Dragging Out Litigation, Wins Appeal in Malpractice Suit
(DBN)

40 Lawyers — Including 15 Partners — Are Leaving This Biglaw Firm
(DBN)

Why Women Leave Law Firms, And What Anusia Gillespie Hopes To Do About It
(DBN)

Jones Day Lawyers Tapped for Federal and State Posts
(DBN)

Attys Leave 'Housewives' Case Over $290K In Unpaid Fees
(DBN)

King & Wood Mallesons Collapse Kept Recruiters Busy
(DBN)

Gov. Abbott Rushes to Cut Off Supreme Court on UT Law Admissions Scandal
(DBN)

Wife of bankruptcy lawyer Geraci OK to sue condo association for not granting access to dog-free elevators
(DBN)

Why Are Lawyers So Afraid?
(DBN)

Email Etiquette For Lawyers – Beware Of The Send Button
(DBN)

The History And Evolution Of Litigation Finance
(DBN)

Flight-Check Your Cloud Tech: 7 Security Questions to Ask Your Vendor
(DBN)

Do You Want To Be Famous Or A Lawyer?
(DBN)

Deportations Temporarily Blocked Four Federal Judges Rule Against Trump's Immigration Order Syrian Baby Among Reed Smith Clients Left in Limbo After Trump Order Trump’s Border Patrol Defies Judge, U.S. Senator at Dulles Airport as His First Constitutional Crisis Unfolds Giuliani: Trump asked me how to do a Muslim ban 'legally' Giuliani: Trump Told Me He Wanted A “Muslim Ban” 'Going to Get a Lot Worse': At JFK, an Army of Lawyers Rises Against Trump Order Rule of Law 1, Trump's Immigration Ban 0 Trump Apparently Didn't Run Refugee Ban by His Legal Experts at State, DOJ or DHS Confusion Hits Airports Worldwide Order Blocks 500,000 Legal US Residents Too Big Law Among Those Leading Opposition to Trump's Refugee Ban Court Hits Pause On Muslim Ban, But Nation Remains On A Precipice No, Judge's Order Did Not Actually Stop Officials From Enforcing Most of Trump's Refugee Ban Despite Court Order, US Officials Won’t Allow Lawyers at Dulles to See Detainees DHS: Forget Judge's Orders, Ban Still in Place White House: Green card holders will need additional screening before returning to US Yes, Trump Executive Order is (Sort of) Similar to Obama’s 2011 Iraqi Refugee Ban But. . . The Betrayal of Legal Immigrants Who Followed the Rules Attorneys general from 15 U.S. states, DC decry immigration order
(DBN)

“Trump Is Here Now”: Massachusetts Man Arrested After Assaulting Muslim Delta Worker
(DBN)

Tweeters defying Trump administration on official agency accounts could be prosecuted
(DBN)

Charlotte Law School Launches Food Drive For Students, Submits Teach-Out Plan To ABA; Is It Closing?
(DBN)

12 subtle signs that your coworkers hate you
(DBN)

A master networker explains how to single out the most interesting people at any event
(DBN)

What Does The Federal Government Hiring Freeze Mean For The Justice Department?
(DBN)

Christie Won’t Face Official Misconduct Case Over Bridge Jam
(DBN)

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Judges:

What's Wrong with the Bankruptcy Courts?
(DBN)

This Judge Really, Really, REALLY Wants Off This Case
(DBN)

Reappointment of Chief Judge Morris as Chief Judge of USBC-SDNY.
(DBN)

Unwinding A 22-Year-Old Fraud On The Bankruptcy Court
(DBN)

Finding A Home For The Supreme Court
(DBN)

Judge Accused of Saying Blacks Should ‘Go Back to Africa’ Abruptly Resigns
(DBN)

White House: Supreme Court Choice Could Be Announced Monday
(DBN)

Kennedy, not Trump, will determine the Supreme Court’s future
(DBN)

Judge suspended for jailing indigent defendants over traffic tickets hired by city law department
(DBN)

An Outspoken Critic Of A Supreme Court Shortlister
(DBN)

Trump: I have settled on my Supreme Court pick. Probably.
(DBN)

Scalia's Replacement Won't Be Quite So Originalist
(DBN)

Yinz gonna be a Supreme Court Justice an 'at? Pittsburgh's SCOTUS moment may be here: Tony May
(DBN)

Disgraced Judge Has Been Punished Enough, US Judicial Committee Rules
(DBN)

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Wall Street:

Shares fall, dollar dips after Trump travels curbs US stock futures fall after Trump immigration controversy Dow poised to dip below 20K as wary investors eye Trump, earnings
(DBN)

Stocks close mixed after GDP miss, but post weekly gains of 1%
(DBN)

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Layoffs:

Sears is laying off workers to stay in business
(DBN)

Half Our Jobs Could be Automated by 2055
(DBN)

GM to lay off 625 workers amid NAFTA talk
(DBN)

Abercrombie Cuts 150 Corporate Jobs as Comeback Remains Elusive
(DBN)

Major Topeka employer announces layoffs
(DBN)

More than 1,000 layoffs possible at Baltimore schools
(DBN)

National and State by State Unemployment Rates
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Animated Map of Unemployment
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Politics:

Trump's wild first week in office was like nothing ever seen in the presidency ‘Up Is Down’: Trump’s Unreality Show Echoes His Business Past Trump sets 5-year and lifetime lobbying ban for officials Trump says 'buy American' — his hotels don't Fact Check: "If you were a Muslim, you could come in, if you were a Christian, it was impossible." Trump: GOP senators opposing immigration ban are 'looking to start World War III' Trump's plan for safe zones in Syria risks dragging the US into war US Senators McCain, Graham: Order may help recruit terrorists New life for Mike Pence’s tweet calling Muslim ban ‘offensive and unconstitutional’ Trump Team Kept Plan for Travel Ban Quiet Trump's heartland voters shrug off global uproar over immigration ban
(DBN)

WH: No mention of Jews on Holocaust Remembrance Day because 'others were killed too'
(DBN)

Trump just made an unprecedented, 'radical' change to the National Security Council
(DBN)

Trump just made an unprecedented, 'radical' change to the National Security Council Steve Bannon personally overruled DHS decision not to include green card holders in travel ban White House Official, in Reversal, Says Green Card Holders Won’t Be Barred
(DBN)

FactCheck: More Trumpisms on Voter Fraud Gregg Phillips, Donald Trump’s Voter Fraud Guru, Blasted as a ‘Revolving Door Hustler’
(DBN)

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Education:

UW-Oshkosh foundation considering bankruptcy in wake of scandal
(DBN)

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Waste:

Illinois e-waste company files for bankruptcy
(DBN)

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Horticulture:

EuroAmerican Propagators' co-founder John Rader discusses bankruptcy filing
(DBN)

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Radio:

Radio’s Cumulus flew, and fell. Now warning bankruptcy possible
(DBN)

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Fraud:

Investors seek to push Siskey-run investment fund into bankruptcy
(DBN)

Two banks, accountant to pay $17 million to settle allegations in Berjac of Oregon scam
(DBN)

Peregrine Victims Want A Second Shot At Recouping Losses
(DBN)

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Newspapers:

Ex-owners of Register, Press-Enterprise sued by creditors Freedom Communications Former Owners Sued Over Pension Plan
(DBN)

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Autos:

Ex-Chrysler GC Offers 4 Tips For Weathering A Crisis
(DBN)

Saab's Ghost Continues to Roam the Earth, Starting in China
(DBN)

Former dealership owner sentenced for lying to bank
(DBN)

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Food/Beverage:

Restaurant bankruptcies leave a bitter taste
(DBN)

Report: Plano restaurant company closing dozens of units nationwide
(DBN)

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Awards:

Bankruptcy Group Of The Year: Cleary Gottlieb
(DBN)

McGlinchey Stafford Member Deborah A. Reperowitz Elected President of Turnaround Management Association's New York Chapter
(DBN)

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Pensions:

In unprecedented move, pension plan cuts benefits cuts for retirees
(DBN)

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Economy:

GDP growing, but at slower pace in Q4
(DBN)

Buffett, Gates High on US After Trump Win
(DBN)

CEOs Face Uneasy Test of Doing Business Under Trump
(DBN)

Consumer confidence hits highest level in 12 years
(DBN)

Americans will have to get used to paying a whole lot more for shoes, shirts and TVs
(DBN)

Mnuchin Dims Banks’ Hopes He Will Allow a Prop-Trading Revival
(DBN)

How pulling out of TPP trade pact will hit US steel industry
(DBN)

There are a lot of problems with Trump's 20% border tax idea
(DBN)

Who — if anyone — can threaten America's status as the global economic superpower
(DBN)

Bill Clinton, Donald Trump, and Jamie Dimon all agree on a little-known tax that pays poor people
(DBN)

10 things I learned from meetings with Trump’s transition team
(DBN)

CEOs Speak Out Against Trump's Immigration Ban Tim Cook on Trump's immigration order: 'It is not a policy we support' ‘Apple would not exist without immigration': Companies at Trump’s tech summit react to his travel ban Microsoft: 'We share the concerns' over Trump's immigration order and are giving employees legal help Elon Musk says Trump's immigration order is 'not the best way to address the country's challenges' Zuckerberg Against Anti-Immigrant Orders Google, Facebook Show Tech Dismay on Trump Immigration Order Silicon Valley is financing the fight against Trump's immigration policy Google creates $4 million crisis fund for immigration cause Uber pledges $3M to travel ban defense fund Silicon Valley's Ambivalence Toward Trump Turns to Anger Trump’s Next Move on Immigration to Hit Closer to Home for Tech Silicon Valley leaders slam Trump travel ban, scramble to insulate staff WA governor blasts ‘train wreck’ immigration mess Trump travel ban stirs faint corporate outcry beyond Silicon Valley Koch network slams Trump immigrant ban
(DBN)

JPMorgan: Here are the 7 key economic trends to watch for in 2017
(DBN)

Here's how much people make working for a hedge fund
(DBN)

Truth is, someone's going to lose big in Trump's economy — but no one thinks it's them
(DBN)

5 Ways Trump Could Improve NAFTA
(DBN)

US became a dumping ground for the world. No more
(DBN)

Mark Cuban: Cutting Off Our Economic Nose
(DBN)

GM Fires 600 in Canada, Moves Jobs to Mexico GM jobs are just the tip of what Canada has lost to Mexico Union leader supports changing NAFTA amid GM layoffs
(DBN)

Corporate America employs new tactics to avoid Trump ire
(DBN)

Trump's Big Plans on Infrastructure Will Stay Big
(DBN)

Trump Has Backed Mexico into a Corner Nearly 5 million U.S. jobs depend on Mexico
(DBN)

China will likely withstand the shock of a trade war better than the US will
(DBN)

GOP Tax Plan to Clever for Everyone
(DBN)

Most Common Income Tax Bracket and Trump's Desired Changes
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Legal storm sweeps up Trump Tower CMBS loan
(DBN)

FTI’s Hedden: This Time is Different
(DBN)

13% of loans could default in $90B debt wave: analysts - Roughly half of the CMBS loans left over from 2007 boom won't be easy to refinance when they mature
(DBN)

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Municipalities:

Judge confirms San Bernardino, California's plan to exit bankruptcy San Bernardino gets final confirmation of its bankruptcy Exiting from bankruptcy, San Bernardino works to attract businesses
(DBN)

City bankruptcies should be a state responsibility
(DBN)

Puerto Rico Governor Weighs Asking Creditors for More Concessions - Some investors fear shift by governor reflects higher chance of bankruptcy
(DBN)

Puerto Rico board extends key deadlines on turnaround plan PREPA Bondholder Group Announces Extension of RSA Agreement
(DBN)

Oversight Board Meets as Puerto Rico Crisis Deepens
(DBN)

USVI At 'Critical Juncture,' Says Director Of US Office Of Insular Affairs
(DBN)

Past problems drain Grant County bank account, bankruptcy possible
(DBN)

As Illinois budget impasse continues, state AG’s court motion seeks to stop paying state employees
(DBN)

Prescott's unfunded pension liability in focus
(DBN)

Did claims of fraud make jobless go bankrupt ? Lawyer: Jobless errors forced hundreds of bankruptcies
(DBN)

The Mayor Who Broke Harrisburg
(DBN)

State to pay criminal defense tabs of Flint's ex-EMs
(DBN)

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Oil/Gas:

Rig count jumps again Crude Prices Fall on Rising US Rig Count Oil slides as strong US drilling activity weakens deal to cut output
(DBN)

Big Oil Firms Look to Save, While Smaller Upstarts Want to Spend
(DBN)

Fundamentals Be Damned – Oil Price Correction Likely ‘Correction potential’ for oil is only getting bigger, warns Commerzbank
(DBN)

OPEC May Be Powerless To Stop Lower For Longer
(DBN)

Houston’s Green Bank exits energy lending
(DBN)

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

"Oil and Gas Industry Seeks Steady Ground Following Year of Restructurings, Restrictive Lending"
(DBN)

Maxus Energy's Unsecured Creditors Lambaste Ch. 11 Plan
(DBN)

No Cash: PDVSA Tankers Stuck Off Venezuela
(DBN)

Solar energy workers account for most U.S. electricity jobs
(DBN)

Trump’s Tariff Could Be A Disaster For Mexican Oil
(DBN)

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Retailing:

Is Payless the Next Sports Authority?
(DBN)

Here’s How You Might Get Something Back From Gift Cards For The Limited
(DBN)

Craftsman Sale Bodes Poorly For The Value Of Sears' Non-Real-Estate Assets
(DBN)

Shoppers only buying when on sale leaves retailers with dramatic drop in margins
(DBN)

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Hotels:

UT: Grand Lodge bankruptcy case proceeds
(DBN)

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Coal:

Bankrupt Peabody says U.S. strains to press Superfund claims
(DBN)

Terrible News For Peabody Energy Investors Peabody Energy: Shareholders Lose, But Will Anyone Win?
(DBN)

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Healthcare:

CIH bankruptcy date reset
(DBN)

TX: $3.2 M loan approved for hospital district
(DBN)

Trustee goes after HDL's charitable contributions
(DBN)

What Would A Republican ACA Replacement Plan Look Like?
(DBN)

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Agriculture:

Turner's $14M suit will stay in state
(DBN)

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Metals:

Sherwin Alumina's Chapter 11 hearing rescheduled for February 7
(DBN)

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Banking:

Illinois state regulators close second bank of the year
(DBN)

RBS Not Depending On Kindness Of Jeff Sessions
(DBN)

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Auto Racing:

Manor Racing Is Officially Dead... And So Is F1's Expansion End of the road for F1 backmarker Manor Formula 1 Expansion Dreams Die with Manor Racing Bankruptcy
(DBN)

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History:

The business of bankruptcy
(DBN)

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Corporate Governance:

Key Developments of Delaware Corporation Law in 2016
(DBN)

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Tech:

Tech Firm Violin Memory Finds Buyer At Bankruptcy Auction
(DBN)

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Taxis:

Fashion model turned cab finance company promoter takes Medallion Financial investors for a ride
(DBN)

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Shipping:

Toisa and affiliates file in SD NY - First Day Dec Gregory Callimanopulos’s Toisa files for Chapter 11 in New York
(DBN)

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New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (66 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (7 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:

Notable Plan and Confirmations and Exists From Bankruptcy in 2016
(DBN)

Top 10 Bankruptcies of 2016
(DBN)

Bankruptcies on the decline in Ohio for 7th straight year
(DBN)

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TBTF:

'Too big to fail' is making a comeback
(DBN)

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Interest:

Ninth Circuit Finally Abandons Entz-White : Default-Rate Interest Required to Cure and Reinstate Secured Debt Under Chapter 11 Plan
(DBN)

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Miscellaneous:

The Year in Bankruptcy: 2016
(DBN)

Legislative/Regulatory Developments of 2016
(DBN)

Notable Business Bankruptcy Rulings of 2016
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Lender Liability:

Delaware Bankruptcy Court Rules That Lenders Are Free to Enforce Contract Rights and "Negotiate Hard" Against Distressed Borrowers at Arm’s Length
(DBN)

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Make-Whole:

Energy Future Holdings Loses Round Three in Fight Over Liability for Make-Whole Premiums
(DBN)

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Avoidance Actions:

Administrative Claim May Be Set Off Against Preference Liability
(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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TIA:

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

Second Circuit Confirms That Bond Issuers Can Restructure Out-of-Court Via Consent Solicitations
(DBN)

Losing Your Marbles: A Sensible Interpretation of Section 316 of the Trust Indenture Act
(DBN)

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Committees:

IMX Equity Panel Denies Ch. 11 Sabotage Claim By Lenders
(DBN)

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Trustees:

Bankruptcy Management Solutions’ Exclusive Banking Arrangement Upheld in Seventh Circuit
(DBN)

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Ch.13:

Veterans’ Benefits Are Included in Calculating ‘Disposable Income’ in Chapter 13
(DBN)

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Corporate Reform:

The Uncertain Future of the Consumer Financial Protection Bureau
(DBN)

CFPB Director Says He Will Stay the Course—Will the President, Courts, and Congress Let Him?
(DBN)

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Aviation:

One of American, Delta, and United's most feared rivals may be in trouble
(DBN)

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Debt Collection:

Letter Warning of Lien Recordation Subject to FDCPA, Ninth Circuit Holds
(DBN)

Overhauling Obamacare could lead to spike in medical debt collections
(DBN)

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Telecoms:

Avaya Bankruptcy Indicates “Cloudy” Future for Contact Center Industry
(DBN)

Avaya's bankruptcy protection is a 'good thing,' says Europe North veep
(DBN)

In a Verizon-Charter Deal, Analysts See One Massive Pile of Debt
(DBN)

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UK:

Tata pension trustees warn scheme's funding gap could hit ý2bn
(DBN)

Taggart brothers owe creditors up to £213m

Businesses going bust as insolvency rises in 2016 UK personal insolvencies rise for first time since 2010 13% rise in personal insolvency as 'tide turns' for household finances More people are going bust as credit card and personal loan borrowing soars Total Individual Voluntary Arrangements increase for a sixth consecutive quarter: Q4 Insolvency Stats 2016 insolvencies up from 2015 – R3 comments
(DBN)

Tata Steel UK's pension scheme deficit to go up to $2.5 bn; co may face insolvency
(DBN)

Goldman's Lloyd Blankfein tells Theresa May he will move staff out of London if Brexit deal doesn't take care of The City
(DBN)

Jeremy Corbyn emailed all Labour members telling them why the party is voting to start the Brexit process
(DBN)

A group of 111 former BHS staff are suing administrators over redundancy procedures
(DBN)

Trump slump sends FTSE 100 to its lowest point so far in 2017
(DBN)

The government has recovered 90% of the £20 billion it paid to bail out Lloyds
(DBN)

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EU:

European Commission Proposals on Preventative Restructuring
(DBN)

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PIIGS:

Greek factories still awaiting promised revival
(DBN)

Greece's best-selling daily newspaper to close due to debts Two more influential dailies fold in Greece
(DBN)

IMF Assesses Greek Debt as 'Highly Unsustainable' IMF locks horns with EU over 'explosive' Greek bailout scheme IMF Warns Eurogroup Loan Measures Not Enough for Greek Debt Greece at an Impasse Over Creditors ' Demands Greece has three weeks to deal with 'potentially disastrous' debt, says IMF
(DBN)

Greece and Creditors Face Pressure on Bailout Deal
(DBN)

UniCredit says to fail ECB capital requirements ahead of cash call
(DBN)

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Canada:

Vancouver ecommerce retailer Shoes.com goes bankrupt
(DBN)

HMV Canada stores closing after company placed into receivership Struggling HMV Canada goes into receivership, owing $39M
(DBN)

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Australia:

The spectacular wipe-out of former Billabong CEO Matthew Perrin
(DBN)

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MENA:

Why pension funds in Iran could face bankruptcy tsunami
(DBN)

UAE passes federal bankruptcy law - what has changed?
(DBN)

Woman, 60, jailed in UAE 'is the real fraud victim'
(DBN)

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South Africa:

SABC may be at risk of becoming technically insolvent
(DBN)

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India:

Absconding chairperson of defunct Kingfisher Airlines Vijay Mallya demanded evidence over fraud charges Vijay Mallya blames everybody except himself for Kingfisher Airlines Service Tax Dept to auction Mallya's aircraft on March
(DBN)

Wary SBI may play safe with troubled borrowers
(DBN)

Tata Tele was on verge of filing for bankruptcy
(DBN)

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Brazil:

Pharol rejects Elliott's alternate plan for Brazil carrier Oi
(DBN)

Brazil's Clealco in talks to renegotiate debt, eyes sale: sources
(DBN)

Brazil development bank loses vote on oil , gas industry committee
(DBN)

Ex-Billionaire Batista Isn’t Negotiating His Brazil Return
(DBN)

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Mozambique:

Mozambique's president says wants to resume ties with lenders
(DBN)

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