January 31, 2017

The Daily Bankruptcy News

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Law:

Greenberg Traurig Distances Itself From Rudy Giuliani Greenberg Traurig Indicates No Association with White House Immigration Order
(DBN)

Dewey Trustee Relents On Bid To Destroy Records
(DBN)

Bankruptcy lawyer's lawsuit to keep dogs off condo elevators moving forward
(DBN)

AI in Law: Never? Some day? Now? Beware the bursting of law’s artificial intelligence bubble
(DBN)

3 Client Pitches I’ve Seen Fail
(DBN)

Charlotte School of Law prof seeks donations to help students with food and rent money
(DBN)

Ten Troutman Sanders partners in Chicago and DC jump to UK-based law firm
(DBN)

Dechert Revenues Up 2.4 Percent as Anemic Growth Strains Profitability
(DBN)

Sanctions Handed Down Over Deposition That Ended In Coffee Throwing
(DBN)

5 New ways to leverage legal finance in 2017
(DBN)

Trump’s executive order spurs Facebook and Twitter checks at the border
(DBN)

Larry Tribe On Impeachment In The Only Format Trump Understands
(DBN)

Trump: It's Not a Ban on Muslims Giuliani: Trump Asked Me How to Make a Muslim Ban Legal Is President Trump’s Immigration Order a 'Muslim Ban?' Trump’s travel ban on ‘bad dudes’ actually keeps out women and children At JFK’s Terminal 4, a good weekend to be a lawyer Next hurdle for Trump immigration ban challengers: Find the right plaintiff Biglaw Steps Up In Response To Muslim Ban Sorry Would-Be Scholars, Trump’s Refugee Ban is Legal and Follows Example Set By Founders Is Trump’s Immigration Ban Legal? We Survey The Smartest Legal Experts
(DBN)

Trump Tells Acting A.G. ‘You’re Fired,’ Probably Just Like That Trump fires AG for 'Betrayal' For some, Sally Yates' firing resembles Saturday Night Massacre Trump's AG Pick Once Told Yates to 'Say No' to Improper Demands Acting Attorney General (Obama Appointee) Fired for Forgetting Lessons of Civics Class 101 Who is Sally Yates? Republicans Called Her 'Hero' Before She Defied Trump's Order Yates Defied Ban Because of Trump’s Talk About Muslims
(DBN)

U law prof Richard Painter sues Trump over ethics
(DBN)

Possible Trump Executive Order Would Allow Fed Employees to Refuse Service to LGBT People, Report Says
(DBN)

Trump's 'Voter Fraud Expert' is Registered in 3 States
(DBN)

12 Programs Law Firms Can Implement To Enhance Employee Wellness
(DBN)

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Judges:

BK SD GA: The Southern Scoop
(DBN)

New bankruptcy judge in Tacoma
(DBN)

Judge who set $250K bond for seat-belt violation gets probation in deferred disciplinary agreement
(DBN)

Supreme Court Apprentice: One judge emerges as the frontrunner Trump moves up his Supreme Court announcement as administration readies battle plan Is Judge Neil Gorsuch The Supreme Court Nominee? How Trump Can Use the Supreme Court to Get Conservatives in Line Trump’s Supreme Court pick gets personal 'Scalia Index' shines light on possible Trump Supreme Court pick
(DBN)

Trump Sets Prime-Time Supreme Court Announcement
(DBN)

A Senate Democrat just vowed to filibuster Donald Trump’s Supreme Court pick White House warns Senate Democrats against Supreme Court filibuster The White House Is Outraged Democrats Aren’t Giving Trump’s Supreme Court Nominee A Chance Democrats consider backing off big battle over Trump's Supreme Court pick
(DBN)

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Wall Street:

U.S. stocks set for further losses as Trump travel ban reverberates
(DBN)

Energy stocks lead US indexes sharply lower
(DBN)

U.S. stocks suffering worst selloff in months
(DBN)

Immigration ban ends Donald Trump’s stock-market honeymoon Wall Street’s ‘fear index’ jumps the most in about 5 months as Trump spooks market Trump rally turns into Trump tantrum as market fears Washington is getting sidetracked
(DBN)

Trump's tweets are driving quant traders crazy
(DBN)

Here’s why Trump’s travel ban is rattling the market
(DBN)

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Layoffs:

Delaware has new tool for dealing with layoffs
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Debt Collection:

Debt-collection executive Wolfe to plead guilty to fraud charges
(DBN)

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Golf:

Ben Hogan Golf Equipment files for Chapter 11 bankruptcy
(DBN)

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Pensions:

Iron Workers Multiemployer Plan Approves Benefit Cuts
(DBN)

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Corporate Reform:

Trump will sign an executive order to require that for every new federal regulation, two must be revoked Trump's Bid to Slash Regulations Faces Bureaucratic Roadblocks
(DBN)

Elizabeth Warren Concerned That DoL Has Lost Its Taste For Wells Fargo’s Flesh
(DBN)

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Education:

Duped students teach a costly moral-hazard lesson
(DBN)

Louisville's Decker College: Closed on a lie
(DBN)

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Retailing:

Sears shares have lost 30% of their value in four days How Sears arrived at death's door
(DBN)

Forget energy: Retailers are expected to suffer big spike in bond default rate in 2017
(DBN)

American Apparel Is Milking This Goodbye for All It’s Worth
(DBN)

US malls are in for a generational change
(DBN)

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Celebs:

50 Cent Hits Ex-Lawyers With $32 Million Lawsuit 50 Cent Fights Reed Smith Fee Claim With $32M Suit
(DBN)

More Details On Chris & Jacqueline Laurita’s Legal Drama; Plus How Their Extravagant Lifestyle Is To Blame!
(DBN)

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Gambling:

Glenn Straub hopes to open shuttered Revel by Presidents' Day Weekend
(DBN)

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Auto Racing:

Failed Boston Grand Prix CEO Claims He Was Subject To Extortion, FBI Wiretaps
(DBN)

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Economy:

Fed to hold interest rates while Congress debates stimulus Fed likely to keep rates steady as it awaits Trump economic plan
(DBN)

Markets Are Right Not to Fall in Line With Fed's Dots
(DBN)

Dallas Fed: Regional Manufacturing Activity "Continues to Expand" in January
(DBN)

Consumer Spending Hit Fastest Pace in December
(DBN)

How Much Can Cutting Federal Regulation Boost the U.S. Economy?
(DBN)

We Spend Our Money on Mostly 3 Things
(DBN)

Alarm Over the Fed's $4.45 Trillion Balance Sheet Is Silly
(DBN)

The next recession now appears further away, thanks to Trump, economist says
(DBN)

Another Wall Street CEO speaks out against Trump's immigration ban in a strongly-worded memo Ford CEO on Trump immigration ban: 'We do not support this policy' Goldman CEO on Trump immigration order: 'This is not a policy we support' Frantic phoning among CEOs: How to address Trump's immigration ban? Unlike most of the tech industry, the 4 telecom giants have been silent on Trump’s travel ban
(DBN)

Why Trump’s immigration order could spark a brain drain that hurts the U.S. economy
(DBN)

Trump's Dumb War on NAFTA
(DBN)

What’s on CEOs’ Minds as the Trump Presidency Begins?
(DBN)

Trump Says Costs Be Damned as He Moves on Major Defense Buildup
(DBN)

President Trump may challenge the tech industry on the hot-button issue of H-1B visas
(DBN)

Trump says he shaved $600M off America’s most expensive weapons system The price reduction for the latest batch of F-35's has been in the works prior to Trump's presidency Did Trump Really Just Slash the Cost of the F-35?
(DBN)

Business on the US-Mexico border is already feeling the fallout from Trump's squabble with Mexico
(DBN)

Airline stocks drop in wake of President Trump’s immigration ban Trump immigration ban puts $20 billion in Boeing aircraft sales to Iran, Iraq at risk
(DBN)

8 billionaires have as much wealth as 3.6 billion people
(DBN)

A growing earnings gap between those with a college education and those without is creating economic and cultural rifts throughout the country
(DBN)

Trump now gets mentioned in 1 in every 5 corporate earnings conference calls
(DBN)

Staggering Decline of Union Membership
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

A Proper Foreclosure Sale Can Never Be a Preference, Judge Holds
(DBN)

Americans are rushing to get ahead of rising mortgage rates
(DBN)

More Bankruptcy Properties Find Investor Appeal
(DBN)

Fannie Mae: Mortgage Serious Delinquency rate decreased in December, Lowest since March 2008
(DBN)

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Municipalities:

New Puerto Rico governor signs fiscal emergency law
(DBN)

Sanctuary city funding cuts less of a concern than Medicaid: Fitch
(DBN)

Judge involved in Detroit bankruptcy turns to new job
(DBN)

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Oil/Gas:

Oil Falls a Second Day as U.S. Drilling Expands While OPEC Cuts
(DBN)

Azure Midstream Partners, LP Voluntary Filing For Relief Under Chapter 11 First Day Dec
(DBN)

Tidewater: No Bankruptcy Until At Least March 3, 2017
(DBN)

Seadrill eyes $1bn bail-out Restructuring at Fredriksen's Seadrill proving complex
(DBN)

Trump gives an inaccurate explanation of how pipelines are built and shipped
(DBN)

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Credit Counseling:

Consumer Financial Protection Bureau sues debt relief attorneys for collecting illegal fees from struggling consumers
(DBN)

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Shipping:

Ship Operator Toisa Files for Bankruptcy Oil Tanker Co. Toisa Slides Into Ch. 11 With $1B Debt
(DBN)

Hanjin Is a Cautionary Tale for Distressed Investors
(DBN)

What the Heck Happened to Hanjin’s Ships and the Collapsed Freight Rates?
(DBN)

Hanjin Parent Targeted for $31 Million Pension Bill
(DBN)

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Telecoms:

Why Avaya filed for bankruptcy even with 'strong financial results'
(DBN)

Xtera Gets Nod For $10.5M Asset Sale To Stalking Horse
(DBN)

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Corporate Reform:

A $31.6 billion hedge fund is calling for a major overhaul of laws meant to prevent another financial crisis
(DBN)

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Autos:

Trump's policies could hurt Fiat Chrysler more than other automakers
(DBN)

Paying for a Car in Full and Having Exclusive Possession Don’t Result in Ownership
(DBN)

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Food/Beverage:

Flying Star free from bankruptcy
(DBN)

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Taxis:

Taxi drivers' careers are heading downhill Uber Knocks Value of NYC Cab Medallions Further as Some Owners File for Bankruptcy
(DBN)

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Asset Protection:

The Asset Protection Year In Review 2016
(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 (32 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (10 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:

Downward Insolvency Trend Coming to an End
(DBN)

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Sales:

Getting Paid to Play: Incentivizing Distressed Investors to Participate in a Sale Process
(DBN)

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Bankruptcy Remoteness:

One Turn Too Tight: Lenders as Special Members in Bankruptcy Remote Structures
(DBN)

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TIA:

Second Circuit Provides Clear Guidance to Market on Scope of Permissible Acts under Trust Indenture Act Section 316(b)
(DBN)

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Bankruptcy Policy:

Bankruptcy’s Endowment Effect
(DBN)

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Defaults:

Avaya Bankruptcy Keeps U.S. High Yield Default Rate at 4.6%
(DBN)

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Awards:

Who's Who: Restructuring & Insolvency 2017
(DBN)

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Politics:

Trump Organization’s Ethics Team Tied to Trump U, Dark Money
(DBN)

'The President Went Out of His Way to Recognize the Holocaust'
(DBN)

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Healthcare:

Louisiana Medical Center and Heart Hospital Files Ch. 11 In DE
(DBN)

Why ‘Repeal and Delay’ of Obamacare Could Send Premiums Soaring Next Year
(DBN)

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Marijuana:

Why Marijuana Companies Can't File Bankruptcy and How That Could Change
(DBN)

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Security:

Implant Sciences Equity Committee Can Sue In NY Amid Ch. 11
(DBN)

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Fraud:

Merkin Loses Bid to KO Clawback In Madoff Bankruptcy Case Madoff trustee can pursue most claims in Merkin lawsuit Madoff trustee can pursue most claims in Merkin lawsuit
(DBN)

Deutsche Bank to settle probes for nearly $630 million
(DBN)

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Solar:

Beamreach Bankrupt Despite $250 Million Spent on Solar Hardware Development
(DBN)

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UK:

Cross Border Restructuring and Insolvency Update - January 2017
(DBN)

Brace for a 60-Billion Euro Brexit Battle
(DBN)

Corrupt financiers preyed on small businesses in £245m loan scam
(DBN)

More firms facing financial 'distress' as SMEs bear brunt of struggles
(DBN)

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EU:

Eurozone economy grows at faster pace than U.S.
(DBN)

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PIIGS:

Bloomberg: Greece has Only Completed 1/3 of Bailout Prerequisites EU tells Greece, 'No IMF, no money' Greece Could be In Need of Further Bailouts Pressure On Greece Mounts, New Crisis Looms New euro zone loans to Greece hinge on IMF participation in bailout Germany Expects IMF to Participate in Greece's Bailout Program Greek markets tumble as EU holds up payment amid IMF doubts Greece ETF Plunges Again, As Greece’s Creditors Demand More Action Greek Bonds' Reality Check Three weeks to avoid 'Grexit with a vengeance' Greece 'has three weeks to make austerity deal or faces explosive debts'
(DBN)

Callimanopulos firm files for bankruptcy
(DBN)

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Canada:

HMV Canada CEO Nick Williams on Bankruptcy: 'Younger Audiences Are Less Into Purchasing Music' How HMV’s bankruptcy will affect the rest of Canada’s music business
(DBN)

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Mexico:

Mexicans are boycotting US products to protest Trump's wall tax
(DBN)

Fact Check: "The No. 1 source of income into Mexico are Mexicans working here and sending the money back."
(DBN)

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Brazil:

Oi's Largest Shareholder Rejects Recovery Plan in Brazil Orascom extends deadline of alternative plan for Brazil's Oi Oi denies press reports on plan for debt-equity swap
(DBN)

Ex-tycoon Batista jailed in graft probe on return to Brazil
(DBN)

Bankruptcy filings for big Brazil firms seen hitting another record
(DBN)

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India:

Massive debt write-offs required to rescue large corporates
(DBN)

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Australia:

When will courts grant leave to proceed against a company in liquidation?
(DBN)

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Mozambique:

President says intervening in another bank would be painful
(DBN)

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