July 5, 2017

The Daily Bankruptcy News

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Law:

DLA Piper Slowly Recovers After Ransomware Attack What In-House Lawyers Can Learn From the Cyberattack on DLA Piper DLA Piper finally has its email back
(DBN)

40 Percent Of Law Firms Don’t Know When A Cyberattack Has Been Attempted
(DBN)

Lawyers must secure client communications from cyber breaches
(DBN)

A Law Firm Consultant’s Concern for the Lack of Concern About AI
(DBN)

Why Associates Leave and How You Can Get Them to Stay
(DBN)

Mayer Brown Cleared of Malpractice and Negligence in Suit Brought by Pension Funds Over Mistakenly-Released $1.5 Billion Lien
(DBN)

Norton Rose Fulbright and Chadbourne Complete Merger Chadbourne Is No More as Deal With Norton Rose Fulbright Goes Live Expansion Plans to Gender Bias Claims, What's Next for Norton Rose Fulbright? Chadbourne & Parke + Norton Rose Fulbright = Chadbourne & Parke Is Dead
(DBN)

How To Navigate The Mid-Year Review Meltdown
(DBN)

Lateral Hazard: Legal Malpractice Claims Rise With New Hires
(DBN)

Law Librarian? Try Chief Knowledge Officer
(DBN)

New Kirkland Program Gets Lawyers Thinking About Career Goals, Going In-House
(DBN)

Legal Departments Keep Huge Percentage of Work In-House. Here's Why
(DBN)

Why lawyers need to be more than people who argue
(DBN)

Can legal service outsourcing get adopted beyond document review?
(DBN)

How to build a clientele through contacts, communication and confidence
(DBN)

How To Reject a Job Offer Like a Pro
(DBN)

Sophisticated law departments should conduct onsite service delivery reviews of their law firms (yes, really)
(DBN)

Confused About Your Career? Try Your Firm's Career Coach
(DBN)

A Law Boutique’s Unusual Recruiting Tactic
(DBN)

3 Things Law Firms Must Understand To Increase Gender Diversity
(DBN)

Hastings Steps Up The ‘Why You Should Go To Law School’ Game
(DBN)

USA Today Headlines: "Why you might to think twice before going to law school"
(DBN)

After 71% Enrollment Decline, Florida Coastal Plans To Further Shrink 1L Class To Raise Minimum LSAT Score By 7 Points And Avoid Fate Of Arizona Summit, Charlotte Law Schools
(DBN)

New Bill Would Bring Back Subsidized Law Student Loans
(DBN)

Troubled Law School Searches For New Dean — No Experience In Legal Education Required
(DBN)

Charleston Law's unexpected rebound
(DBN)

Business of Law: The Dance Around Change
(DBN)

A Look at the Current Texas Legal Job Market Midsize Texas Firms Growing in Texas Alongside National Firms
(DBN)

The Richest Law Firms Do More Pro Bono
(DBN)

Must Law Firms' Good Deeds Be Done for Free?
(DBN)

Pa. Firms Add Bulk, Seeking Bigger Returns
(DBN)

Stop apologizing for who you are
(DBN)

Law Partners - With Good Reason, They Won't Retire
(DBN)

New York, New York, a Helluva Town ... for Law Firms?
(DBN)

Trump announces 2nd wave of US Attorney nominees
(DBN)

Latham Partner's Lawyer Cites 'Dog Racism' in Condo Dispute
(DBN)

David Boies Doesn't Come Across as "Old" - Fixing Your Aging Game
(DBN)

Florida man faces prison time after accidentally shooting himself in the p----
(DBN)

Feds Will Now Target Relatives Who Smuggled in Children
(DBN)

Why Trump Should Embrace America's Immigrant Soldiers
(DBN)

Trump Lawyers Ask Hawaii Court to Stay Out of Travel Ban
(DBN)

For Some, Deportation is a Death Sentence
(DBN)

Christians Fled Iraq, Backed Trump and Now May be Deported
(DBN)

NAACP head finds Confederate flag on her lawn after getting overnight death threats since Election Day
(DBN)

Texas' Loudest Lawyer Celebrates Fourth of July With Exploding Hat of Fireworks
(DBN)

She Tried to Hire a Hitman Off Craigslist
(DBN)

Holy Law Office Decoration, Batman!
(DBN)

Judge orders law firm to pay $3.1M to condo association for negligence enabling contractor fraud
(DBN)

The doctor who went on a shooting rampage at a Bronx hospital had been hunting for an ex-colleague, police say
(DBN)

Lawyer who filed petition over missing Malaysia Airlines flight has disappeared
(DBN)

Pregnant Woman Arrested For Cupcake Battery
(DBN)

Cops Hunt For Chrome-Domed Rogaine Bandit
(DBN)

SCOTUS Will Have to Deal w/ Concealed Carry
(DBN)

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Judges:

Should Ginsburg Recuse in SCOTUS Travel Ban Case?
(DBN)

BK ED WA Seeking Career Law Clerk or Judicial Assistant
(DBN)

BK NM Seeks Chief deputy Clerk
(DBN)

BK NV: The Bankruptcy Bugle Newsletter (June 2017)
(DBN)

BK ND CA: Reassignment of Cases
(DBN)

Applicants Sought For Blackshear Fellowship
(DBN)

'The Originalist' draws appellate judges to weigh in on Scalia legacy
(DBN)

Anthony Kennedy Hasn't Hired Clerks for October 2018 Justice Kennedy Hints on When He Might Retire
(DBN)

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Wall Street:

U.S. stock futures flutter as focus turns to Fed, jobs report
(DBN)

Dow jumps 130 points, hits all-time high as second half of year begins
(DBN)

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Layoffs:

Massive Layoffs Loom at Microsoft
(DBN)

Sikorsky to layoff 160
(DBN)

Bemis to cut 300
(DBN)

Robots are coming to a burger joint near you
(DBN)

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Healthcare:

How Republicans Can Fix American Health Care Republican attempts to repeal Obamacare seek a massive change to the government health plan that insures the poor How Trump's "insurance for everybody" turned into 22 million people losing coverage Trump Tries to Revive an Obamacare Repeal Gambit He Once Vetoed How much mortality in the U.S. will increase if the Senate passes its health-care bill, according to a new analysis Cruz Clashes with Health Care Protesters How Bad Is the Senate Health-Care Bill? The Senate's Plan Makes Medicaid a Time Bomb A Seattle doctor pegs what the GOP health bill is really about
(DBN)

Indiana GOP request for health care "horror stories" backfires
(DBN)

Trump: Just Kill ObamaCare
(DBN)

Rural Maine: Fear of Medicaid Cuts Run Deep
(DBN)

This One Senate Staffer Could Sink the GOP's Health-Care Plan
(DBN)

The Super-Users of America's Health-Care System
(DBN)

Chart: America's Broken Health Care System
(DBN)

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Travel:

Globe-trotting attorneys offer new-era strategies for efficient business travel
(DBN)

The most bizarre things you can bring in your carry-on, according to the TSA
(DBN)

This is how you get a refund when you cancel a flight
(DBN)

These 25 Countries Have the Most Powerful Passports in the World
(DBN)

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Festivals:

Organizer Of Failed Fyre Festival Arrested For Fraud Arrested Fyre Festival founder drives a $110,000 Maserati and rents a $21,000-a-month penthouse Former Fyre Festival Exec Reveals Some Wire Transfers for Payments Never Went Through Fyre Festival founder 'has left his $21k a month penthouse and is living with his parents
(DBN)

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Celebs:

Debt-ridden Tori Spelling throws daughter lavish unicorn birthday
(DBN)

How Did Johnny Depp Create His Cash Crisis?
(DBN)

Bankrupt Boris Becker's ex-business partner demands massive payment
(DBN)

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Construction:

ME: Coastal construction firm files for bankruptcy
(DBN)

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Coal:

The coal industry is collapsing, and coal workers allege that executives are making the situation worse
(DBN)

Unexpected Move From China Boosts Coal Prices
(DBN)

______________

Steel:

Optima Specialty Steel’s Plan of Reorganization Confirmed by Court
(DBN)

______________

Autos:

Car Sales Decline Sharply in June U.S. Light Vehicle Sales at 16.4 million annual rate in June Vehicle Sales Forecast: "Sixth Consecutive Decline in June"
(DBN)

After Years of Growth, Automakers Cut Back
(DBN)

Volvo to Manufacture Only Electrics and Hybrids From 2019
(DBN)

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Economy:

Fed eyes September announcement on balance-sheet reduction
(DBN)

Has the Death of American Manufacturing Been Exaggerated?
(DBN)

ISM Manufacturing index increased to 57.8 in June
(DBN)

Where Stuff Gets Made in the U.S. of A.
(DBN)

Young American men can find work but prefer to play video games
(DBN)

Most Americans say the U.S. is among the greatest countries in the world
(DBN)

US Consumer Spending Near Nine-Year High in June, at $103
(DBN)

The economy President Trump loves looks a lot like the one candidate Trump hated
(DBN)

Global Cost of Living Index 2017 Mid-Year
(DBN)

The Alarm Over Consumer Debt Is Overblown
(DBN)

18 maps that explain America
(DBN)

Can Capitalism Reinvent Itself?
(DBN)

Bannon Suggests Making High Earners Fund Tax Cut On Working Class
(DBN)

Republicans face a moment of truth on taxes
(DBN)

The Budget-Reform Idea That Won’t Die
(DBN)

Is it inequality of income we care about — or inequality of opportunity?
(DBN)

Why the 20%, and not the 1% are the real problem
(DBN)

U.S. Auto Sales Fall as Fewer Vehicles Go to Rental Chains
(DBN)

Adam Smith's story about the Scottish wine industry 241 years ago tells you why Trump's trade war will fail
(DBN)

Goldman’s Commodity Unit Sees Worst Q1 In A Decade
(DBN)

War on Poverty Has Become a War on the Poor
(DBN)

The Demographics of Today's America U.S. Births decreased in 2016, Women 30-34 Now have Highest Birth Rate
(DBN)

The Heartland Wants More New Americans
(DBN)

Private Money After Trump's Infrastructure
(DBN)

Trump signals action on steel and aluminum tariffs Trump reins in tariff temptation
(DBN)

Side hustles are the new norm. Here’s how much they really pay.
(DBN)

Congress Has Just Weeks to Defuse 3 Fiscal Time Bombs
(DBN)

Why $1 Trillion Annual Deficits Are on the Horizon Again
(DBN)

Is Cash No Longer King? The Future of Paper Money
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

'Crane counting' has become a thing in Seattle as the construction market booms
(DBN)

Fannie Mae making it easier to spend half your income on debt
(DBN)

The 19 hottest housing markets in the world
(DBN)

Bankrupt Billionaire Lists $12.5 Million Dallas Mansion
(DBN)

Construction Spending unchanged in May
(DBN)

Trump Budget Cuts Affordable Housing Funds
(DBN)

Why Millennials Won't Be Buying Your House
(DBN)

HSBC Said in Talks With U.S. to End Crisis-Era Mortgage Probe
(DBN)

____________

Municipalities:

SEC Probes Barclays, Morgan Stanley Bankers Over Puerto Rico
(DBN)

Puerto Rico faces off with bondholders over statehood
(DBN)

The collapse of commercial bank lending in Puerto Rico
(DBN)

Puerto Rico's Power Authority Effectively Files for Bankruptcy Puerto Rico utility to file for bankruptcy Board: Court could decide Puerto Rico power company debt Puerto Rico's Oversight Board Seeks Bankruptcy for Power Company
(DBN)

National Criticizes Puerto Rico Oversight Board For Its Improper and Unfortunate Decision to Authorize Title III Bankruptcy Filing for PREPA
(DBN)

PayGo Charge goes into effect to pay Puerto Rico gov’t retirees
(DBN)

Puerto Rico : Statehood as equality
(DBN)

Clash looms as Puerto Rico prepares to send reps to Washington, after statehood vote
(DBN)

Assured sues over Prepa bankruptcy decision
(DBN)

Puerto Rico struggles to save historic buildings amid crisis
(DBN)

Creationist blames dreadful attendance at Ark theme park on tax-starved city not supplying ‘tourist services’
(DBN)

Trump Says He's Sending the Feds Into Chicago Chicago July 4th Weekend: 60 Shot, 8 Dead
(DBN)

Ill-funded Police Pensions Put Cities in a Bind
(DBN)

As Illinois Goes Bankrupt, Michigan Embraces Bold Pension Reforms
(DBN)

22 years later, Orange County's bankruptcy is finally paid off
(DBN)

______________

Oil/Gas:

Oil retreats after bull run, on rising OPEC exports, strong dollar
(DBN)

July 4th gas hasn't been this cheap in years
(DBN)

Is The Second Shale Boom Grinding To A Halt? U.S. Gulf, Shale Output Decline Spurs 2% Gain In Oil Prices
(DBN)

Energy Dominance = Flogging Energy
(DBN)

U.S. rig count falls for first time in five months
(DBN)

______________

Gambling:

NJ budget impasse threatens to close casinos
(DBN)

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Politics:

'When the eyes meet, you know the jig is up': Photographer recounts how he caught Chris Christie in 'Beachgate' Chris Christie snaps back at critics: 'I'm sorry they're not the governor' ‘It’s beyond words’: Christie’s own lieutenant expresses disgust on social media over his beach pics Chris Christie's Day at the Beach Chris Christie’s Fall: From Dreams of White House to an Empty Beach Chris Christie’s Tutorial in Hubris An unapologetic Chris Christie announces deal to end NJ shutdown
(DBN)

Before-and-after photos show how dramatically presidents have aged while in office
(DBN)

Bill That Would Remove President Trump from Office Gains Steam After Wrestling Tweet Sorry, Not Incitement: Trump’s Wrestling Tweet Is Protected by First Amendment
(DBN)

Trump and Putin will have their first official meeting this Friday, Kremlin confirms
(DBN)

Russia Probe Accelerates as House Committee Plans Interviews
(DBN)

Trump's Grudges Are His Agenda The Mystery of Trump, Morning Joe, and the National Enquirer Trump Carries On His Morning Joe Attack
(DBN)

Trump Can't Reverse the Decline of White Christian America
(DBN)

How the Left Lost Its Mind
(DBN)

The Un-American Origins of Both the Left and Right
(DBN)

Trump-Endorsed Media Outlet Accuses NASA of Operating Child Slave Colony on Mars
(DBN)

Populism Has Run Aground on Both Sides of the Atlantic
(DBN)

Fake news has long held a role in American history
(DBN)

______________

Corporate Reform:

Why Executives Don’t Go to Prison Anymore
(DBN)

Trump, Not the Fed, Is Right on Bank Regs
(DBN)

House bill guts Consumer Financial Protection Bureau
(DBN)

______________

Museums:

A Tour Of Oakland's New 'Museum Of Capitalism'
(DBN)

No Taxation Without Capitalization: Colonial Williamsburg Seeks Tax Break After Losing $227 Million In Five Years
(DBN)

______________

Education:

Wordsworth Academy files for bankruptcy, will be acquired Unusual loan in Wordsworth Academy bankruptcy case
(DBN)

SEC settles fraud charges against defunct for-profit college company ITT
(DBN)

______________

Food/Beverage:

St. Louis sandwich distributor Troverco files for bankruptcy
(DBN)

______________

Nuclear:

Washington tells India Westinghouse could be sold by year end - sources
(DBN)

Southern Company to Take Managerial Charges of Vogtle Project
(DBN)

______________

Debt Collection:

How A Miami Lawyer Collected a $3.2 Million Judgment From a Defunct Defendant
(DBN)

FDCPA Case Law Review for April and May 2017
(DBN)

New York Times Article Criticizes Tactics of Private IRS Debt Collectors
(DBN)

______________

Hotels:

Hotel Occupancy down Year-over-Year
(DBN)

______________

History:

Was America Founded as a Christian Nation?
(DBN)

______________

 


New Bankruptcy Opinions
(8 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (19 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (77 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)

______________

Bankruptcy Statistics:

BK ME: June 2017 Statistics
(DBN)

Toledo area bankruptcy cases fall 1% in 1st half of '17
(DBN)

June has more chapter 11 cases than any month since July 2016
(DBN)

Weekly Bankruptcy Claims Trading Activity
(DBN)

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Automatic Stay:

Bankruptcy Court Finds No Stay Violation Where Creditor Initially Refused to Return Vehicle to Debtor Who Claimed Equitable Ownership Interest
(DBN)

Third Circuit Cautions Contractors about the Scope of the Bankruptcy Automatic Stay
(DBN)

______________

Marijuana:

U.S. Trustee to Marijuana Businesses: "NIMBC"
(DBN)

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Ch. 13 :

BK MD LA: Proposed New Local Form Plan for Chapter 13 Cases
(DBN)

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Litigation:

The New E-Discovery: Q&A With Cravath's Head of Data Analytics
(DBN)

Discovery: The Trenches Of Litigation
(DBN)

Firms Offer Litigation Insurance So Clients Can Hedge Bets in Court
(DBN)

How lawyers can effectively cross-examine psychiatrists and psychologists
(DBN)

______________

Mediation:

How a Creative Mediation Program Turns a Problem into Success
(DBN)

______________

Finance:

Chapter 11 Bankruptcy and Loan Covenant Strictness
(DBN)

______________

Executory Contracts:

One Contract, Indivisible, With Defenses and 'Kiwi' for All
(DBN)

______________

Banking:

June 2016: Unofficial Problem Bank list declines to 137 Institutions, Q2 2017 Transition Matrix
(DBN)

Cecil Bancorp plans to recapitalize through bankruptcy sale
(DBN)

Three Bank Failures Barely Cool Demand for Riskiest Lender Debt
(DBN)

______________

Retailing:

The worst is yet to come for retail stocks, says former department store executive Jan Kniffen
(DBN)

How a Bankrupt Fishmonger Became a Dollar-Store Billionaire
(DBN)

These 7 Brand-Name Retailers Are Closing at Least 250 Stores This Year
(DBN)

U.S. denim retailer True Religion files for bankruptcy protection
(DBN)

______________

Fraud:

Shkreli’s Ambitious Career Put on Display in Brooklyn Courtroom ‘Pharma bro’ Martin Shkreli was almost killed over $2 million Wu Tang album: report Prosecutors in Shkreli trial seek gag order
(DBN)

DC atty helped her brother build $14.5 million Ponzi scheme, SEC says
(DBN)

These Philly private equity firms are really a Ponzi scheme, feds say
(DBN)

Husband in couple's $70 million Ponzi scheme gets 15 years
(DBN)

Germany's Federal Crime Office says it has Panama Papers
(DBN)

Could Trump Go on Trial? Lawyer Says It Is a ‘Real Possibility’ President Could Face Jury Over University Fraud Case
(DBN)

'A cognitive dissonance that I could not overcome': The DOJ corporate fraud watchdog says she resigned because of Trump
(DBN)

______________

Solar:

Global solar installations jump 50 percent in 2016, IEA says
(DBN)

______________

Distressed Investing:

Clouds Build Over Junk Rally JPMorgan Says Has Topped Out
(DBN)

Junk-Bond Investor Unease Resurfaces as Another Debt Deal Pulled
(DBN)

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Maritime:

Shelter in the Storm: Interpleader Proceedings as Protection for Owners in the Wake of the O.W. Bunker Bankruptcy
(DBN)

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Sovereigns:

Most G20 States Are Running a Deficit
(DBN)

______________

UK:

There are some alarming similarities between the British and Greek economies
(DBN)

Britain’s decline and fall
(DBN)

Hard Brexit Means People Will Flee England
(DBN)

UK Banks' Brexit Bill? Maybe $17 Billion
(DBN)

Never mind the City's financial sector – Lord Mayor says the UK's legal industry will carry the country through Brexit
(DBN)

______________

PIIGS:

How Monte dei Paschi Ended Up on the Verge of Nationalization
(DBN)

Catalonia Promises Split from Spain After Vote
(DBN)

______________

Canada:

Stelco emerges from creditor protection as sale to Bedrock Industries finalized
(DBN)

______________

France:

French Prime Minister Warns of Cuts to Tame Its ‘Volcano’ of Debt
(DBN)

______________

MENA:

Qatar Given Another 48 Hours to Meet Arab Demands The Muslim Brotherhood Is the Root of the Qatar Crisis Qatar Learns to Cope With Isolation as Saudi Deadline Looms
(DBN)

Egypt Now Worse Off on Every Indicator
(DBN)

______________

Austria:

Major Changes in Personal Bankruptcy Law
(DBN)

______________

China:

China Robots Displace Workers as Wage Spiral Pressures Profits
(DBN)

Chinese Court Freezes LeEco Assets Over Late Debt Payments Pressure piles on China's LeEco as some assets frozen after bank complaint
(DBN)

______________

India:

Insolvency proceedings: NCLT decides to initiate action against Jyoti Structures Jyoti Structures first of 12 NPAs to face bankruptcy proceedings
(DBN)

Bankruptcy code: Know the new world of insolvency professionals The rising league of insolvency professionals
(DBN)

Essar Steel moves HC against insolvency proceedings
(DBN)

Bad loans milestone
(DBN)

Where banks fear to tread: NPAs on the rise, RBI moves slowly, but surely
(DBN)

More companies expected to follow Essar Steel's footsteps
(DBN)

______________

Australia:

Clives hunted for $500m
(DBN)

______________

South Korea:

Don't Blame China For This Korean Car Crash
(DBN)

Trump just slammed one of America’s close allies
(DBN)

______________

Japan:

Toshiba's Trash, Someone Else's Treasure
(DBN)

______________

Venezuela:

Goldman Sachs Already Profiting From Venezuela’s Pain
(DBN)

Venezuela ups minimum wage by 50 per cent
(DBN)

______________

Romania:

Study: A third of companies may enter insolvency in case of new economic crisis
(DBN)

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