July 21, 2017

The Daily Bankruptcy News

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Law:

Law Firms, Owed by Bankrupt Clients, Look to Represent Them in Court
(DBN)

Dewey Exec, SEC in Talks to Settle Suit Tied to Firm's Collapse
(DBN)

Rising Star: Fried Frank's Matthew M. Roose
(DBN)

Chart: Salary vs. Law School Debt
(DBN)

F. Lee Bailey, bankrupt, disbarred, says he, too, is a victim of the O.J. Simpson ‘curse’
(DBN)

DLA Piper Acquires 60-Lawyer Liner Firm in L.A.
(DBN)

Trump lawyer Marc Kasowitz is stepping aside from the president's legal team Marc Kasowitz and Mark Corallo depart Trump's legal team Trump reshuffling legal team
(DBN)

What’s behind the mushrooming number of ‘best attorney’ lists? Lawyer Rankings: Are They Out Of Control?
(DBN)

Asian-Americans are apparently losing interest in law school; report shows outsize enrollment drop
(DBN)

Should you disclose your compensation in a job interview?
(DBN)

STEM Majors Who Excel On The LSAT Have No Interest In Law School
(DBN)

Top 100 law firms increase debt to 4.3bn to fund growth
(DBN)

UK: Vinson & Elkins rockets to very top of trainee pay table
(DBN)

UK: Akin Gump NQs rake in £140,000
(DBN)

UK: Magic Circle trainee tweets a very candid diary
(DBN)

UK: Creditors attempt to wind up Magic Circle Law Firm
(DBN)

Senate panel OKs King & Spalding partner for next FBI chief
(DBN)

Linklaters suspends associate over insider trading allegations Linklaters US associate denies wrongdoing in insider trading case
(DBN)

In-House’s Long Kiss Goodbye
(DBN)

Mueller has expanded the Russia probe to include Trump's business dealings — here's what he's looking at
(DBN)

Press conference with Sessions and Rosenstein derailed with awkward questions about Trump's explosive interview Attorney general has no plans to resign despite Trump rebuke Sessions Vows to Remain AG 'As Long As That is Appropriate'
(DBN)

Trump Admits He Would Obstruct Justice If He Only Knew How
(DBN)

Deputy AG Rosenstein Pretty Much Throws Comey Under Bus Over Memos
(DBN)

Justine Damond shooting: Minneapolis police ambush claim 'ludicrous' Family of woman killed by Minneapolis police hires Castile family attorney
(DBN)

Data from a man's pacemaker will be used against him in court
(DBN)

Michigan Woman Guilty of Murder Witnessed by Parrot
(DBN)

Reality show crew robbed at gunpoint in Oakland while filming
(DBN)

Texas Southern’s law school receives ABA public censure after discrimination allegations
(DBN)

Trump's lawyers are exploring his pardoning powers to hedge against the Russia investigation Trump reviewing ways to pardon himself in Robert Mueller's Russia probe: Report Trump, lawyers discussing pardons, ways to undermine Russia probe Trump Lawyers Look at Pardons for All
(DBN)

Trump is Mobilizing for a War Against the Rule of Law The President at War
(DBN)

Wary of Mueller, Trump's team investigates his investigators
(DBN)

Asset Forfeiture Scam is a National Disgrace
(DBN)

Litigator Changes Name, Gender
(DBN)

Lawyer is accused of arranging sham marriage to gain immigration status for assistant
(DBN)

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Judges:

Senate Confirms Judge Who Equated Abortion With Slavery
(DBN)

Senate OKs Trump 6th Circuit pick despite criticism of his partisan blogging and public statements
(DBN)

Judge laments decline in civility, cites ‘Seinfeld’
(DBN)

Felicity Jones Will Star In Ruth Bader Ginsburg Biopic
(DBN)

The one area where Trump has been wildly successful
(DBN)

Supreme Court's Junior Justice Has to Run the Cafeteria. Don't Eat There
(DBN)

Chief Justice Roberts says criticism won't stop judges
(DBN)

Judge quotes Game of Thrones character Tyrion Lannister in free speech ruling
(DBN)

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Wall Street:

Nasdaq win streak in doubt as stock futures limp ahead of GE, Honeywell
(DBN)

Stocks Close Nearly Flat
(DBN)

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Layoffs:

Director & Officer Liability for WARN Act Claims in Light of Stanziale
(DBN)

450-plus more job cuts could hit Charlotte region in coming weeks
(DBN)

Academy Sports + Outdoors lays off 100 employees
(DBN)

Machines poised to take over 30% of work at banks, study says

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Politics:

Trump says Mueller could cross a 'red line' by digging into his finances — and he now appears to be doing just that Congress Warns Trump on Firing Mueller
(DBN)

'The president is a distraction': Republican lawmakers start to turn on Trump as his agenda flounders Donald Trump lashes out as presidency hits six- month mark President Trump's first six months: by the numbers Quotes From Trump's New York Times Interview Trump's Addled and Ominous NYT's Interview Lashing Out Under Pressure Is Just What Trump Does How Donald Trump filled his company coffers with charity money
(DBN)

Trump: French president Macron 'loves holding my hand'
(DBN)

Trump lashes out at his deputy attorney general for being from Baltimore — and he is not from Baltimore
(DBN)

Battling brain cancer, Sen. John McCain vows: 'I'll be back soon'
(DBN)

Trump and Kobach say illegal votes may have given Clinton the popular vote. The math disagrees
(DBN)

First 180 Days: What Trump's Done Right
(DBN)

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Travel:

Family of 5 Claim They Were Kicked off JetBlue Flight Without Explanation
(DBN)

The dark side of cruises
(DBN)

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Corporate Reform:

GOP lawmakers introduce measures to repeal consumer bureau arbitration rule Brown promises “hell of a fight” in Senate over CFPB arbitration rule
(DBN)

CFPB Enforcement Actions Fall Off in Second Quarter
(DBN)

The Head of the Consumer Financial Protection Bureau Isn’t Going Down Without a Fight
(DBN)

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Flooring:

Stifel Comments on Beaulieu Bankruptcy Filing
(DBN)

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Autos:

Auto Loan Defaults Surging to Post-Crisis Highs
(DBN)

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Economy:

US weekly jobless claims fall to near five-month low Weekly Initial Unemployment Claims decrease to 233,000
(DBN)

Carrier Layoffs Begin at Indiana Plant
(DBN)

Consumer Credit Delinquencies Increase in First Quarter
(DBN)

Bottom falling out of US dollar: Drops to near 2-year low vs the euro, 2017 loss now 10%
(DBN)

Philly Fed Manufacturing Survey "Region continues to grow but at a slower pace" in July
(DBN)

David Rosenberg: A number of warnings signs are bubbling up in the US economy
(DBN)

China Was Right to Walk Away From Failed US Trade Talks
(DBN)

The U.S. Firms at Risk From China Trade War
(DBN)

US toughens stance on foreign deals in blow to China's buying spree
(DBN)

Trump’s confusing, lopsided, all-new protectionist 'free trade' plan for NAFTA
(DBN)

Big budget problems stand in way of tax overhaul Trump Tax Plan: Rich-Richer, Poor-Poorer
(DBN)

A Federal Reserve committee executed a brutal takedown of Trump's budget
(DBN)

Huge difference in how millennials and their parents spend money
(DBN)

Poll: Most Back Higher Gas Tax for Roads
(DBN)

Biggest US Infrastructure Project a Bike Path
(DBN)

Trump might've found a loophole to rewrite trade agreements without anyone's permission
(DBN)

Trump Loves Hiring Foreign Workers
(DBN)

Tax reform, Reagan style, may be a tougher fit for Trump Ryan says tax reform will get done because GOP is 'much more unified' on issue
(DBN)

The Great Minimum Wage Debate
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

UC Law Schools Win Bid to Intervene in Case Awarding $45M for Botched Mortgage
(DBN)

Private firms are now buying foreclosures in record numbers
(DBN)

Early Read on Existing Home Sales in June
(DBN)

Mortgage Delinquencies mostly unchanged in June
(DBN)

The False Promise of Home Ownership
(DBN)

Freddie Mac: Economic uncertainty pushes mortgage rates lower
(DBN)

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

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Municipalities:

Top adviser to Puerto Rico governor resigns, 'in no way pressured'
(DBN)

Greek Lessons for Puerto Rico
(DBN)

Puerto Rico's Bondholders File First Suit Against Uncle Sam
(DBN)

Cash-strapped and debt-ridden Chicago Public Schools plans to increase per-pupil funding by roughly $200 a student over last year’s budget
(DBN)

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Oil/Gas:

Brent crude oil prices are rising above $50 a barrel Brent crude advances above $50 for first time in 6 weeks
(DBN)

Why Oil Prices Can’t Gain Traction
(DBN)

Hunting Oil Services Stocks With a DUC Call
(DBN)

Breitburn Energy: The Endless Bankruptcy
(DBN)

Paragon Offshore Limited Comments on Chapter 11 Filings Related to Prospector Offshore
(DBN)

How OPEC committee’s coming meeting could make or break oil prices
(DBN)

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Retailing:

Sears To Sell Appliances On Amazon, Sending Shares Soaring Sears starts selling Alexa-enabled Kenmore appliances on Amazon in bid for relevance Sears just dealt a huge blow to its stores — and the company's stock is skyrocketing Alexa, can you help Sears sell Kenmore appliances?
(DBN)

J. Crew Distressed Exchange Lifts Retail Default Rate
(DBN)

Default rate among riskier retailers jumps as sector continues to battle Amazon effect
(DBN)

Capital Teas closes stores as malls' traffic falls
(DBN)

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Healthcare:

Bankruptcy Not a Shield Against Medicare or Medicaid Termination
(DBN)

The $13,000 deductible
(DBN)

CBO says tweaked ACA repeal still means more than 20 million more uninsured Americans The CBO says the newest Senate healthcare bill will leave 22 million uninsured — but it's missing a key piece
(DBN)

Key Trumpcare holdout says he's a 'yes' if guaranteed a vote on his amendment
(DBN)

Spending a Lot on Health Care Is the American Way
(DBN)

Trump gave a bizarre comment to the New York Times about healthcare in America
(DBN)

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Fraud:

Martin Shkreli's fraud trial put on hold Jury selection in Shkreli fraud trial follows trend of favoring the uninformed
(DBN)

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Maritime:

Can Yang Ming's new bid to raise cash keep insolvency at bay?
(DBN)

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Sports:

Council unanimously approves Prescott Valley Event Center bankruptcy plan
(DBN)

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Radio:

Sale of WBRU broadcast signal expected soon
(DBN)

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Maritime:

The shipping industry turns to megamergers to stay afloat
(DBN)

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Student Debt:

Average U.S. household has $5K in student loans, up 828% since 1999
(DBN)

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Non-Profits:

Challenges to Tax Exempt Status of Bankrupt Non-Profits
(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 (26 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (2 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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Arbitration:

Bankruptcy Court Denies Creditors Request for Relief from Automatic Stay to Arbitrate its Claims and Effectuate Setoff and Recoupment Rights
(DBN)

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SCOTUS:

Could Supreme Court Case on Debt Recharacterization Provide a Pathway Out of the Stern v. Marshall Maze?
(DBN)

Jones Day's Review of Business-Related Cases in the Supreme Court's October Term 2016
(DBN)

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Avoidance Actions:

Washington’s Not Quite Uniform Voidable Transactions Act Takes Effect July 23
(DBN)

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TBTF:

Big Bank Bankruptcy Bill Back on Table; Will It Prevent Meltdown?
(DBN)

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Corporate Governance:

Fiduciary Duties in Limited Partnerships
(DBN)

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Jurisdiction:

“Public Rights” Doctrine for Bankruptcy Court Jurisdiction, While Always Tenuous, Is Now Dead and Buried
(DBN)

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Ch. 13:

Ch. 13 Trustee Must Return Plan Payments on Dismissal
(DBN)

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Trustees:

Derivative Complaints by Creditors Against Chapter 7 Trustees – They Don’t Tend to Go Very Far
(DBN)

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Insurance:

D&O Insurance: Securing Coverage for Books and Records Requests
(DBN)

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Celebs:

Abby Lee Miller’s Infamous Dance Studio CLOSED Amid Prison Nightmare
(DBN)

OJ Simpson asks Nevada parole board for early release 'I've basically spent a conflict-free life' O.J. Simpson is granted parole after serving 9 years for Vegas robbery OJ Simpson still handcuffed by financial claims
(DBN)

More of Johnny Depp's outrageous spending has come out, including a $7,000 couch from the Kardashians
(DBN)

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Brides:

Behind the Alfred Angelo bankruptcy: Who exactly is in charge of the bridal chain?
(DBN)

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Pensions:

Another blow for heartland workers: Slashed pensions
(DBN)

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Travel:

NY: Here’s the first meltdown of the ‘Summer of Hell’
(DBN)

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UK:

Howes Percival acquires Northampton niche insolvency firm Insolvency law firm snapped up by Howes Percival
(DBN)

Insolvency Service targets seeks to return more money to creditors
(DBN)

Citi chooses Frankfurt for major hub after Brexit For Big Banks, Frankfurt Is Brexit’s Wurst-Case Scenario
(DBN)

Serious Fraud Office says Brexit could hinder its ability to fight corruption
(DBN)

Top EU negotiator foresees a transitional Brexit period of "a few years."
(DBN)

EU won't sign trade deal if UK starts deregulation race to the bottom, Brussels warns
(DBN)

Brexit Talks End With Disagreement on Money, Rights and Ireland
(DBN)

Deutsche Bank CEO tells staff: Prepare for Brexit 'worst outcome'
(DBN)

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PIIGS:

The sheer scale of Italy's debt threatens global GDP
(DBN)

IMF approves $1.8bn loan for Greece 'in principle,' no funds released
(DBN)

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Canada:

Eager to avoid bankruptcy , Sears Canada begins liquidation deals Sears liquidation sales start Friday. Expect savings of up to 50%, company says Sears liquidation deals may be disappointing to consumers
(DBN)

Supreme Court won't hear appeal from former Nortel employee over benefits
(DBN)w

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India:

ABG Shipyard agrees to insolvency proceedings
(DBN)

Will Innoventive Ind see the first light of insolvency resolution?
(DBN)

Essar Steel insolvency case: From RBI notice to denial of relief by Gujarat
(DBN)

The debt threat lurking behind India’s zombie power plants
(DBN)

Bad loan resolution: Fixing a hole
(DBN)

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China:

Inside LeEco's Spectacular Fall From Grace
(DBN)

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Ukraine:

Ukraine pulls PwC bank audit license over PrivatBank balance-sheet hole
(DBN)

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