July 28, 2017

The Daily Bankruptcy News

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Law:

Stoel Rives laying off 17 staffers; about half of law firm leaders report staff layoffs
(DBN)

DLA offers free stress massages as staff endure malware fallout
(DBN)

The Loop Elite: The Go-To Firms Of Chicago
(DBN)

The Biglaw Firms With The Most Female Equity Partners
(DBN)

Court Rules Against Politician Who Banned Access to Her Facebook Page - Facebook page of Virginia county politician is forum protected by the First Amendment, judge says
(DBN)

'This is astonishing': Experts say Trump's attacks on Sessions are unprecedented 'Cut it out': Former independent counsel Kenneth Starr denounces Trump for treating Sessions like a 'piñata' Lindsey Graham: 'There will be holy hell to pay' if Trump fires Sessions What Donald Trump’s battle of wills with Jeff Sessions teaches you about a difficult boss Senate Judiciary Chairman Fires Off Warning Subtweet For Donald Trump About AG Antics Jeff Sessions: Trump's criticism 'hurtful' but 'he wants all of us to do our job' Sessions: 'I made the right decision' recusing myself from the Russia investigation Trump, Sessions reportedly heading to ‘uneasy detente’ after firing of AG is discouraged Jeff Sessions Is the Canary in the Coal Mine
(DBN)

Graham: If Trump goes after Mueller, it 'could be the beginning of the end' of his presidency
(DBN)

House Republicans call for a second special counsel — to investigate Clinton, Comey and Lynch
(DBN)

The real reason psychopaths are such good liars
(DBN)

7 things no man should ever wear in the summer — and what to wear instead
(DBN)

Legal Research And AI: Looking Toward The Future
(DBN)

Good news if you love coffee: You may live longer
(DBN)

In-House Counsel: Minimum Competence, Schminimum Competence!
(DBN)

One of the reddest states in the US is leading the charge toward criminal-justice reform thanks to an unlikely political alliance
(DBN)

Palin's lawyers want New York Times journalists' emails
(DBN)

G. Gordon Liddy's Son, Calif. Deputy AG, Arrested for Child P---
(DBN)

Killed Wife on Cruise Over Laughing at Him
(DBN)

Next Time A Drunk Client Promises You A Huge Bonus At A Bar, Get It In Writing On A Cocktail Napkin
(DBN)

Texas AG Ken Paxton will go on trial for securities fraud in December
(DBN)

Trump's justice department tells court that sex-discrimination law does not cover gay people Trump's Battle Over LGBT Discrimination Is Just Beginning I Am a Transgender Female Captain in the U.S. Army Joint Chiefs To Trump: That’s Not How Any Of This Works Trump’s Transgender Ban Is a Legal Land Mine
(DBN)

Law student's mom overshares on Twitter
(DBN)

Law firm boss suspended for repeatedly shouting "f--- o--" at mediation
(DBN)

Bonkers Law Firm Website: Staff endure their close-up
(DBN)

A healing response to ‘The Lawyer, the Addict’
(DBN)

Lawyers accused of forum shopping for settlement approval win reversal of federal sanctions
(DBN)

Attorney who took shoes from credit card scammer and exchanged them at Nordstrom gets censured
(DBN)

Moral Acceptance of Polygamy at Record High -- But Why?
(DBN)

New Novel ‘Proof’ Proves To Be An Entertaining Legal Thriller
(DBN)

Big Law Partner Gets Emmy Nod for Munich '72 Documentary
(DBN)

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Judges:

Trump is quietly moving at a furious pace to secure 'the single most important legacy' of his administration Amid the Chaos, Trump Is Moving Swiftly to Reshape the Federal Judiciary
(DBN)

Women In The Federal Judiciary
(DBN)

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Wall Street:

U.S. tech stocks shape up for another day of selling after Amazon disappoints
(DBN)

Stock market retreats from records as tech stocks swing to losses Abrupt reversal in Nasdaq raises concern market may have seen summer high
(DBN)

Billionaire Marks, who called financial crisis, says ‘this is a time for caution’ on the markets
(DBN)

Robert Shiller: Fear of robots is driving the market rally
(DBN)

A JPMorgan quant may have dropped the whole market with report comparing today's risks to 1987
(DBN)

Trump fade: Investors reallocating as president's agenda derails
(DBN)

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Layoffs:

GE to Eliminate 575 Jobs at Erie Locomotive Plant
(DBN)

Grocery Stocking Robot Threatens 1,000's Of Jobs
(DBN)

Why Zuckerberg and Musk Are Fighting About the Robot Future
(DBN)

CAMC Health System to cut 300 jobs
(DBN)

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Autos:

Vehicle Sales Forecast: Fifth consecutive month below 17 million SAAR
(DBN)

Germany recalls 30,000 Porsches over illegal software
(DBN)

Finally: A Fix is Approved for Most VW Diesels
(DBN)

Honda says Florida crash death may be linked to Takata air bag inflator
(DBN)

New rule forces big car makers into big changes in how they count revenues
(DBN)

Ferrari driver wrecks $288,000 supercar just an hour after he bought it
(DBN)

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Fraud:

Trial evidence proves 'Pharma Bro' Martin Shkreli told 'lies upon lies,' prosecutor says Prosecution says 'all the information' Martin Shkreli's investors got 'was false' Martin Shkreli smirks, pulls faces during closing arguments by prosecutor at fraud trial Martin Shkreli's lawyer says former drug company chairman tried to 'seduce' the 'pharma bro' Jurors hear closing arguments in "pharma bro" Martin Shkreli's fraud trial Martin Shkreli’s defense attorney in closing arguments: ‘This is rich people B.S.’
(DBN)

Gambler Billy Walters sentenced to 5 years in 'amateurishly simple' insider-trading scheme
(DBN)

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Politics:

Trump has kept his promises — to Wall Street Even prominent right-wing populists are beginning to worry that they invested their faith in an unstable leader The Mind of Donald Trump Trump Takes Anger Out on Adies Trump Regularly Undercuts Tillerson
(DBN)

Hillary Clinton’s new book ‘What Happened’ becomes a canvas for hilarious internet take-offs
(DBN)

Scaramucci's Expletive Laden Tirade on White House Fact Check: Scaramucchi: "In light of the leak of my financial disclosure info which is a felony I will be contacting @FBI and the @TheJusticeDept" Scaramucci ignites fierce White House fight: ‘Shiv in ribs’? Scaramucci unloads on Priebus and Steve Bannon in vulgar, expletive-filled rant Scaramucci's regrets: 'I made a mistake . . . in trusting in a reporter' Anthony Scaramucci lashed out at White House officials trying to 'save America' from Trump Krauthammer: Scaramucci’s Comments Demonstrate ‘The Degradation of the Presidency’ How Long Can This Go On? White House comms director Scaramucci: 'I'm not Steve Bannon, I'm not trying to s--- my own c---'
(DBN)

Trump fumes as McConnell says it's 'time to move on' after healthcare collapse A dramatic end to a chaotic process
(DBN)

A Republican moderate is stealing the strategy of Tea Party purists
(DBN)

Boy Scouts' Head Apologizes for Trump Speech
(DBN)

Lawyer Who Met Trump Jr. a Russian Agent Probe to Prove Russia Collusion is Crumbling Congress Defies Trump on Russia Mnuchin and Waters Spar Over Russia Probes Russia sanctions heading to Trump's desk Russia retaliates to new sanctions by telling U.S. to cut diplomats
(DBN)

Jeff Flake Plants a Flag
(DBN)

Court: Kris Kobach, You're a Liar
(DBN)

Warren Tears Up Another Trump Nominee
(DBN)

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Auto Racing:

Skip Barber Releases Statement Regarding Bankruptcy Involving Formerly Owned Racing School Skip Barber Wants Everyone To Know Skip Barber's Not Bankrupt
(DBN)

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Manufacturing:

Lawsuit could disrupt sale of bankrupt Maryland Heights company Katy Industries
(DBN)

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Aviaiton:

The U.S. has a staggering pilot shortage
(DBN)

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Student Debt:

Citi just drew an 'eerily reminiscent' parallel between student loans and the subprime mortgage crisis
(DBN)

The government can confiscate your paycheck, keep your tax return, or sue you over unpaid student loans
(DBN)

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Economy:

Weekly Initial Unemployment Claims increase to 244,000
(DBN)

Americans are financially happier than they've been in a decade
(DBN)

Why the GDP report may show U.S. economy growing twice as fast
(DBN)

Kansas City Fed: Regional Manufacturing Activity "Expanded Moderately" in July
(DBN)

Trump to Rust Belt: Move Somewhere Else
(DBN)

Here’s why the GDP report could have a ‘massive effect’ on markets
(DBN)

The ‘lost generation’ has recovered on the jobs front, research finds
(DBN)

Boeing bonanza: Durable-goods orders soar 6.5% in June
(DBN)

Elizabeth Warren unloads on Trump's pick to lead Fed bank regulation
(DBN)

Amazon CEO Jeff Bezos is the new richest person in the world Amazon 'could be the first trillion-dollar company' with stock doubling to $2,000, leading analyst says Jeff Bezos Was The Richest Human On The Planet For Six Hours, But Bill Gates Is Back On Top
(DBN)

'Wages and wives' are a big reason the rich are getting richer
(DBN)

Wells Fargo Economist Expects Debt Ceiling to Be Lifted
(DBN)

White House, lawmakers to issue tax-reform 'guiding principles' Thursday: Pence Joseph Stiglitz: Why tax cuts for the rich solve nothing Steve Bannon Pushing for 44 Percent Marginal Tax Rate on the Very Rich White House and congressional Republicans drop border-adjusted tax from reform plan Tax Leaders Shelve Effort to Impose Border Adjustable Tax Here’s the statement from Congress, White House on tax reform Eric Cantor: Failure to pass tax reform would be ‘catastrophic’ for the GOP Trump, Congress Hit Deal on Tax Reform The Republican tax reform effort just won some important support
(DBN)

Trump’s talk of a trade deal with the UK shows he has no idea how Brexit works
(DBN)

Second-quarter economic growth now seen doubling pace of first quarter
(DBN)

Foxconn pledges to build $10 billion electronics plant in Wisconsin, with state reportedly offering $3 billion in incentives Here's what's worrisome about Foxconn's plan to build a plant in the US How Wisconsin Lured Foxconn Foxconn's Alleged $10Bn Factory in WI. The new US Foxconn factory will cost Wisconsin taxpayers at least $3 billion WI: US Foxconn Workers Should be Wary Foxconn deal to build massive factory in Wisconsin could cost the state $230,700 per worker
(DBN)

Survey: 34% of entrepreneurs don't have a retirement savings plan
(DBN)

Like Markets, Jobs Are Due for a Jolt
(DBN)

Mnuchin Says Prioritizing Debt Payments ‘Doesn't Make Sense’
(DBN)

House OKs $1.6 Billion for Trump's Wall
(DBN)

Infrastructure: Facing Crumbling Roads, States Are Finally Raising Gas Taxes for Repairs A New Reason to Doubt Trump's $1 Trillion Infrastructure Plan
(DBN)

Really, it’s not just the 1 percent
(DBN)

US Debt Clock
(DBN)

World Debt Clock s
(DBN)

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Real Estate:

Mortgage rates slide despite Fed’s ‘relatively soon’ warning Mortgage rates slide lower as Fed considers unwinding its balance sheet
(DBN)

5 cities where people are making ridiculous money when they sell their homes
(DBN)

Home sellers see biggest profits in a decade — not just because of higher prices Homeseller profits hit highest point in a decade
(DBN)

Surprise homeownership increase is a step in the right direction Q2 2017 Homeownership and Vacancy Rates
(DBN)

Freddie Mac kills 1% down payment mortgages
(DBN)

Bastrop water rights in question after XS Ranch files for bankruptcy
(DBN)

16 Manchester parcels on the line in church bankruptcy
(DBN)

America's 20 Hottest Real Estate Markets for July 2017
(DBN)

'Honey, you've been scammed,' she was told. She lost her home of 30 years.
(DBN)

Dustin Hoffman scores win in legal fight over $3-million deal with Paul Manafort's son-in-law
(DBN)

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Municipalities:

In Puerto Rico bankruptcy , mutual funds compete with themselves
(DBN)

Some Consequences of New York City's Amazing Jobs Boom
(DBN)

Budget surplus ignites fight for Detroit retirees
(DBN)

Pontiac closer to exiting receivership
(DBN)

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Oil/Gas:

Oil Surges Above $49 as Supply Draw Shows Market in Better Shape Oil near 8-week high with U.S. stockpile at 6-month low Oil extends gains, on track for biggest weekly gains this year
(DBN)

Shell braces for 'lower forever' oil as profits soar Shell Wakes Up and Smells the Coffee (and Burgers)
(DBN)

Electric Vehicles No Threat To Oil Prices Anytime Soon
(DBN)

Energy analysts are getting worried about oil drillers' spending again Shale oil players are cutting spending on drilling, and investors could reward them for it
(DBN)

Oil Companies Trim Drilling Budgets in Sign of Rising Caution What a constant stream of oil company spending cuts means for crude prices
(DBN)

Never Again: Big Oil Is Back And Practicing Caution
(DBN)

PwC: U.S. energy M&A hits eight-year high for first half of 2017
(DBN)

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Marijuana:

California has too much pot, and growers won't be able to export the surplus
(DBN)

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Healthcare:

GOP Plan to Kill Obamacare Dies GOP Healthcare Disaster: 'Skinny Repeal' Dies As McCain Votes No John McCain: Here's why I voted no and killed the 'skinny repeal' Watch The Senate Gasp Aloud As John McCain Votes No On Health Care Bill John McCain Casts Decisive Health Care Vote John McCain just explained why he killed Trump's key policy Ever-courageous John McCain returns to D.C., battling both cancer and malignant politics McCain on why he did it: didn't want "shell of a bill" to pass Chuck Schumer was on the verge of tears speaking about John McCain after Republicans' 'skinny repeal' bill failed Insurance lobbying group urges Senate leaders to ditch 'skinny' Obamacare repeal Republicans wage 7-year war against Obamacare on behalf of a tiny fraction of aggrieved Americans Senate health care debate adds stress for the chronically ill patients watching closely Why Trump Is Threatening the Wrong Republican Senator on Health Care GOP senators hold press conference to demand assurances that GOP health plan does not become law 'A toxic prescription': America's largest group of doctors unloads on the GOP 'skinny bill' The Republican plan to repeal Obamacare is a ‘disaster’ — in their own words
(DBN)

Medicare: Fraud, Billing Mistakes Cost Billions
(DBN)

With or Without Obamacare, Health-Care Costs Are Battering the Middle Class
(DBN)

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Tobacco:

Who Gets to Sell Cigarettes Without Taxes?
(DBN)

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Education:

No summer pay for teachers at closed Detroit charter school
(DBN)

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Festivals:

Fyre Class Actions Look Toward New York as Company Faces Chapter 7
(DBN)

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Corporate Reform:

New Wall Street Watchdog Wants Rules Gone
(DBN)

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Hotels:

Has US Lodging Sector's Historic Growth Run Finally Reached a Tipping Point?
(DBN)

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Brides:

Brides pick up gowns from bankrupt Alfred Angelo chain
(DBN)

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Maritime:

Biggest lines get the best deals' in a depressed containership charter market
(DBN)

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Travel:

Skip the New X-Ray Scan with TSA PreCheck
(DBN)

7 Tips for Getting a Good Deal on an Airbnb Vacation Rental
(DBN)

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Coal:

U.S. coal exports soar, in boost to Trump energy agenda, data shows
(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 (23 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (17 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:

June Commercial Chapter 11 Filings Rise 16%, 2017 Down 7% Overall
(DBN)

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Exemptions:

Fifth Circuit Examines Intersection Of IRA Withdrawals And Bankruptcy Exemptions
(DBN)

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Bankruptcy Crimes:

Former Nonprofit Leader Sentenced for Bankruptcy Fraud
(DBN)

Harsh & Public Punishments for Bankruptcy Crimes are Still in Fashion
(DBN)

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Cross-Border:

Creditors not obliged to protect security interest by taking step in foreign insolvency proceedings
(DBN)

Emeco Holdings emerges from chapter 15 after Innovative Australian restructuring
(DBN)

Chapter 15 Quarterly Filings (2005- Present)
(DBN)

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Lehman:

Lehman 'Double Dip' Trader Denied Bulk of $83 Million Bonus Ex-Lehman trader loses most of $83 mln bonus bid-U.S. appeals court
(DBN)

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Litigation:

This Is Every Lawyer’s Worst Discovery Nightmare
(DBN)

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Retailing:

The retail apocalypse is causing one company to rethink its entire strategy
(DBN)

The retail apocalypse is driving a $175 million business at Lazard
(DBN)

Amazon falls more than 3% after earnings miss Don't Pretend Amazon Is Something It's Not
(DBN)

Retailers cheer the death of the border adjustment tax
(DBN)

Nordstrom Family Offers Preferential Terms to Clinch Buyout Partner-Sources
(DBN)

Aerosoles explores options including sale of shoe retailer: sources
(DBN)

This Amazon Threat Just Got Even More Real
(DBN)

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Celebs:

‘Dance Moms’ Star Abby Lee Miller Crying And Gobbling Macaroni & Cheese On Way To Prison Mocked By Twitter Abby Lee Miller Talks About Her Deepest Fears in Tell-All Interview
(DBN)

OJ sends cease and desist to Goldman family... Claims threatened him
(DBN)

From Wimbledon To The Broom Closet To Bankruptcy
(DBN)

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Solar:

SunEdison secures final approval for bankruptcy deal
(DBN)

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Electricity:

Bankruptcy judge's timeline applauded by both rivals in battle for Oncor
(DBN)

Elliott Tries a Texas Charm Offensive to Outdo Berkshire's Oncor Bid
(DBN)

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Nuclear:

Toshiba Bankruptcy Filing Pushed by Some Involved in Workout Toshiba Bankruptcy a Nice Idea, But Hard to Execute
(DBN)

Westinghouse needs more time in crafting bankruptcy plan
(DBN)

Officials consider settlement over 2 nuclear reactors
(DBN)

Toshiba reaches $2.2 billion deal over SCANA's South Carolina nuclear project South Carolina Electric & Gas Company And Santee Cooper Agree To Amount Of Guaranty Payments From Toshiba
(DBN)

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Currency:

Arrested Russian 'mastermind' of $4bn bitcoin laundering scheme linked to Mt Gox hack
(DBN)

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Banking:

Wells Fargo Cheated Car Loan Customers
(DBN)

In Dramatic Show Of Contrition, Ex-Execs Cover 0.3 Percent Of Deutsche Bank’s Post-Crisis Fines
(DBN)

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UK:

Pre-crash debt problems 'rearing their heads'
(DBN)

Debt problems expected to increase
(DBN)

UK insolvency levels will continue to rise - Ana Boata, Euler Hermes
(DBN)

Insolvency figures fall after record highs last year
(DBN)

Businesses are holding their nerve: UK insolvencies have fallen to a 17-year low
(DBN)

Police now believe that the Grenfell Tower fire was corporate manslaughter
(DBN)

Brits are more worried about the state of the economy than at any point since the Brexit vote
(DBN)

Fieldfisher senior partner dropped from panel over scandal
(DBN)

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Canada:

Canadian Prime Minister Justin Trudeau says he refuses to 'jump at everything' Trump says
(DBN)

Hefler clawing its way back from the financial abyss
(DBN)

Total's refusal to pay Fort Hills bills marks new twist in Big Oil's hasty retreat from oilsands French oil giant Total cuts off funding for Fort Hills project, Suncor says
(DBN)

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MENA:

Etihad Has $1.87 Billion Loss in Worst Blow to Gulf Carriers
(DBN)

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India:

NCLT Appoints Resolution Professional For Amtek Auto Insolvency
(DBN)

Personal bankruptcy : Pure pie in the sky
(DBN)

NCLT reserves order in insolvency case against ABG Shipyard
(DBN)

Going bust: Steeling up for insolvency, and the intriguing case of Electrosteel
(DBN)

Has Supreme Court Made ‘Consenting’ Easier Or Tougher In The Insolvency Regime?
(DBN)

IBBI code biggest reform in recent years: Chief
(DBN)

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Venezuela:

U.S. Sanctions Top Venezuelan Officials
(DBN)

Venezuela: We'll Just Send Our Oil Elsewhere
(DBN)

Venezuela: How a Rich Country Collapsed
(DBN)

Venezuela Bans Protests as Death Toll Rises
(DBN)

Make-or-break moment for Venezuela
(DBN)

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Hungary:

Survey says Hungarians aren't feeling great about their economic future
(DBN)

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Australia:

Insolvency team returns to DibbsBarker
(DBN)

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