June 1, 2017

The Daily Bankruptcy News

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Law:

Cleary wins dismissal of race bias suit filed by former project lawyer, a reality TV bachelor
(DBN)

The 2017 Law School Rankings: The Finest In Fact-Based List Making
(DBN)

The Law Schools Where The Most Graduates Got Government & Public Interest Jobs (2016)
(DBN)

Law school misled students on accreditation, suit says
(DBN)

Students defend suit against for-profit law school and its owners
(DBN)

Report: Legal industry churning out content without much strategy
(DBN)

African-American lawyers don’t share in BigLaw’s diversity gains
(DBN)

How to Call Out Your Colleagues’ Gender Bias
(DBN)

In Response To Defenders Of The Public Service Loan Forgiveness Program
(DBN)

Law Firm Gives Nod to Nodding Off at Work
(DBN)

Attorney sues New Jersey firm, claiming he was fired for concerns of possible state law violations
(DBN)

Winston sues ex-client in Houston over $1.4 million legal bill
(DBN)

The Trump regime has taken politicizing the role of attorneys to new heights
(DBN)

Man is jailed for failing to give police a working password to his smartphone
(DBN)

Can a sitting president be indicted? The Constitution doesn’t give a definitive answer
(DBN)

Google’s FREE Primer App Puts Many Pricey Legal Marketers To Shame
(DBN)

A Framework For Reinventing Yourself
(DBN)

What To Do When You’re Tired Of Waiting For The Perfect Job
(DBN)

Not All Law Firms ‘Are Going to Make it’ Says Morgan Stanley’s Top Lawyer
(DBN)

Recognition For The Fictional Lawyers Out There
(DBN)

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Judges:

Kagan and Alito are developing an ‘amiably disputatious relationship’
(DBN)

Judges are victims too in ‘inhumane’ deportations, 9th Circuit concurrence says
(DBN)

Oops! Supreme Court suspends a prominent lawyer in a case of mistaken identity Getting Accidentally Disbarred From The Supreme Court
(DBN)

The Supreme Court rises above politics
(DBN)

Panel sides with AG Paxton in bid for new judge
(DBN)

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Wall Street:

U.S. stocks on track to edge higher, rebounding from 2-day dip Futures point to a muted open on Wall Street; economic data in focus
(DBN)

Stocks close lower but Nasdaq posts 7-month winning streak
(DBN)

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Layoffs:

New York Times Kills 'Public Editor' Slot, Offers More Buyouts To Reduce Edit Ranks
(DBN)

As Store Layoffs Mount, Retail Lags Other Sectors In Retraining Workers
(DBN)

This chart spells out in black and white just how many jobs will be lost to robots
(DBN)

When the US First Freaked Out on Automation
(DBN)

Baltimore: Kaydon Ring & Seal: 217 layoffs
(DBN)

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Politics:

An unexpected problem: Trump handing out his cellphone number Trump reportedly trolls his chief of staff by talking about demoting him and sending him to Greece CNN has dropped Kathy Griffin after her controversial beheaded Trump photo Trump Exempts 17 Senior Staffers from Ethics Rules Bloomberg: There's a '55% chance' Trump gets reelected More People Support Impeaching President Trump, Poll Finds
(DBN)

Does the Theory That Jared Kushner Met With the Russians to Get a Real Estate Loan Make Any Sense? 'None of it makes much sense': Experts are baffled by Comey's use of a fake Russian document to skirt the DOJ 'We don’t want anyone to know the Flynn Intel Group has anything to do with this' Mike Flynn’s Firm Was Paid to Make a Pro-Erdogan Propaganda Film While He Advised Trump Michael Flynn ready to hand over documents to Senate Intel Committee in Russia probe, according to media reports 5 Possible Reasons Why Michael Flynn Is Now Turning Over Documents Trump may give back 2 Russian estates in New York and Maryland that Obama shut down over Russia’s election meddling Senate Wants Tougher Sanctions on Russia Jeff Sessions may have had more meetings with a Russian ambassador before Trump's election, lawmakers say Comey expected to publicly confirm a bombshell story about his dealings with Trump Trump Will Not Like Comey's Testimony
(DBN)

Republicans and the Road to Redemption
(DBN)

Here's How Broken Washington Is — Even Without Trump
(DBN)

Hillary Clinton rips the Democratic Party's data operation, says the Republican Party's was much better Hillary Clinton: 'I take responsibility for every decision I made, but that's not why I lost'
(DBN)

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Healthcare:

The Chimerical Medicare Bar on Bankruptcy Jurisdiction
(DBN)

NYC rehab chain Narco Freedom pleads guilty to corruption
(DBN)

Dirty, Dingy Hospitals: Doctors Blame Debt-Fueled Takeover Boom
(DBN)

Uninsured In U.S. Charged 4 Times What Medicare Pays For ER Visit
(DBN)

Ohio sues 5 drug companies over opioid epidemic
(DBN)

‘More Dollars’ for Health Care: Can Anyone Explain Trump’s Puzzling Tweet?
(DBN)

The $6 Trillion Health Care Blow Out Over Pre-Existing Conditions
(DBN)

Pharma CEOs expect Trump to do something about drug pricing in the next 3 months
(DBN)

You've Been Duped
(DBN)

School-Based Health Centers Provide Health Care for Rural Americans—but for How Long?
(DBN)

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Banking:

'Without fraud, the math didn't work': Wells Fargo's cutthroat culture was reportedly simmering for decades
(DBN)

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Travel:

Penn Station Repairs Could Add 90 Minutes to New Jersey Transit Commutes
(DBN)

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Food/Beverage:

Dutch Girl Brewery assets to be auctioned off in bankruptcy
(DBN)

Diners are finding $13 burgers hard to swallow
(DBN)

Jewel could get $500,000 break-up fee if outbid for Stracks
(DBN)

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Student Debt:

Sen. Hassan co-sponsors bill to help relieve student debt under bankruptcy
(DBN)

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Maritime:

Shipping group Rickmers to file for insolvency as revamp fails
(DBN)

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Economy:

Most of America is seeing modest economic growth, Fed says
(DBN)

Fed's Williams bullish on US economy, sees total 3 rate hikes this year
(DBN)

The Fed and Conflicting Signals in the Jobs Report
(DBN)

A region-by-region breakdown of where the Fed sees the economy now
(DBN)

Fed officials have been dipping their toes into the political waters
(DBN)

The Fatal Flaws in Trump's Economic Math
(DBN)

There’s a New Way to Control Inflation
(DBN)

Trump is pulling U.S. out of Paris climate deal Elon Musk just said he will leave Trump's advisory councils if the US withdraws from Paris climate deal What Would It Actually Mean If The US Left The Paris Climate Agreement? If Trump Dumps the Climate Accord, the U.S. Is the Loser Tim Cook phoned the White House to urge Trump not to withdraw the US from the Paris climate deal Exxon Investors Show Support for Paris Agreement Despite President Trump’s Stance GOP Rep. God Will Handle Climate Change Ditching the Paris Agreement Risks the Economy Even As It Harms the Planet
(DBN)

Trump is putting a massive deal at risk when he messes with Germany
(DBN)

There's an important social reason incomes aren't rising in America
(DBN)

One of Trump's biggest plans to stimulate the economy won't be great for most Americans
(DBN)

‘Dr. Doom’ warns that in financial markets ‘there is a bubble in everything’
(DBN)

3 Ways to Pass Health Care and Tax Reform—What’s the GOP’s Magic Number?
(DBN)

Why Trump’s Boost to Military Spending May Not Deliver ‘Jobs, Jobs, Jobs’
(DBN)

Rich Americans May Be the Newest Debt-Limit Threat
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Homebuyers in the market this spring are being slammed by a 'double whammy'
(DBN)

US pending home sales fall; housing market recovery intact This year's blistering start to the homebuying season cooled in April, NAR says Pending Home Sales Fall Most In 3 Years
(DBN)

Serious Delinquency Rates on Single-Family Home Loans Continues to Decline
(DBN)

Lawyerly Lairs: George And Kellyanne Conway’s $8 Million Mansion
(DBN)

Vikki Lindemuth seeks emergency divorce from developer husband
(DBN)

Realtor Fights Rise In ‘Zombie’ Second Mortgages Forcing Families Into Bankruptcy
(DBN)

Effects of Assignor's Bankruptcy on Assignment of Payment Stream
(DBN)

Kushner's Skyscraper Used Loans for the Poor
(DBN)

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Municipalities:

City of Detroit has balanced budget, $63M surplus Detroit achieves balanced budget, nears end of state oversight Here's how Detroit plans to spend its $63 million surplus
(DBN)

Lompoc to cut funding to avoid possible bankruptcy
(DBN)

Puerto Rico Releases $9.6 Billion Budget Tracking Recovery Plan Puerto Rico budget promises tax breaks, protects pensions
(DBN)

Puerto Rico Restructures: Will PROMESA Live Up to Its Promise?
(DBN)

Puerto Rico to shift $2bn in pension obligations onto budget
(DBN)

Health insurer Aetna looking to move headquarters out of Connecticut Connecticut deserves and can tolerate bankruptcy
(DBN)

Hartford's Credit Rating May Be Cut Deeper Into Junk by Moody's
(DBN)

Texas Governor signs Dallas, Houston pension bills
(DBN)

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Oil/Gas:

Beverly Hills Loses Bid to Keep Venoco on Drill Site
(DBN)

Thurs.: Oil futures rise on US stockpile draw, doubts over climate accord
(DBN)

Oil prices crushed as traders bet against OPEC, Russia in 'game of chicken'
(DBN)

US Gas Demand Falls for Third Month
(DBN)

District Court Upholds Rejection of Sabine Gas Gathering Agreements
(DBN)

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Retailing:

J.C. Penney Is Not In Danger Of Bankruptcy
(DBN)

Michael Kors plans to shutter 100 to 125 stores; shares tumble 9% Michael Kors to close up to 125 stores in the next two years as it focuses on Asia Michael Kors is shutting down at least 100 stores following 'catastrophic' sales declines
(DBN)

Wal-Mart trying to keep up with Amazon
(DBN)

RadioShack suddenly closed more than 1,000 stores — and now only a handful remain
(DBN)

Sears says some Kmart customer credit card numbers compromised
(DBN)

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Education:

The campus mob came for me—and you, professor, could be next
(DBN)

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Taxis:

Uber lost $700 million in Q1
(DBN)

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Fraud:

3M not covered for Ponzi losses, 8th Circ affirms
(DBN)

Tilton Rejected by U.S. Supreme Court on SEC Fraud Complaint
(DBN)

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Telecoms:

Extreme confirmed as the Successful Bidder for Avaya's Networking Business
(DBN)

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Nuclear:

Hero or villain of Plant Vogtle could be billionaire pioneer of high risk junk bonds
(DBN)

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Celebs:

What Day Is Abby Lee Miller Going To Prison?
(DBN)

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Advisors:

David Burns joins Imperial Capital, LLC as a Senior Vice President in Restructuring & Recapitalization
(DBN)

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Finance:

Wall Street regulators just got a powerful reminder of one of the first rules of finance
(DBN)

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New Bankruptcy Opinions
(9 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (33 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (46 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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Sales:

Pre-confirmation Bankruptcy Sale: When Can You Hurry up and Sell?
(DBN)

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Tax:

Courts Continue To Deny Discharge For Late Filed Tax Returns
(DBN)

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Cross-Border:

Second Circuit Affirms Refusal to Approve Foreign Debtor’s Asset Sale
(DBN)

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Plan Confirmation:

Senior Creditor’s Exercise of State Law Remedies May Eliminate a Junior Creditor’s Deficiency Claim Under Section 1111(b) of the Bankruptcy Code
(DBN)

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Safe Harbors:

Supreme Court to Hear Circuit Split Over Bankruptcy Safe Harbor Provision
(DBN)

U.S. Supreme Court to Hear Case on Scope of Section 546(e)'s Safe Harbor
(DBN)

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Mootness:

Eleventh Circuit Addresses Difference Between Constitutional and Equitable Mootness
(DBN)

Sixth Circuit Rejects Per Se Rule Automatically Mooting Sale Appeals in the Absence of a Stay
(DBN)

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Structured Dismissal:

U.S. Supreme Court Holds That Structured Dismissals Cannot Deviate From the Bankruptcy Code's Priority Scheme
(DBN)

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Avoidance Actions:

Court Rules Against Lyondell Litigation Trustee on LBO Fraudulent Conveyance Claims
(DBN)

Foreign Representative Had "Independent" Standing to Prosecute State Law Avoidance Claims in Chapter 15
(DBN)

Kiwi Defense Doesn't Get Off the Ground in Preference Litigation Involving Related, but Severable, Contracts
(DBN)

Lyondell Chemical Company : Litigation Trust’s Fraudulent Conveyance Claims Fail
(DBN)

PennySaver – Preference Actions Filed
(DBN)

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Notice:

Dear Bankruptcy Defendant, U.S. Mail Service is Valid
(DBN)

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UK:

Failure to get a Brexit trade deal will cost every household at least £1,890 a year
(DBN)

UK house prices are having their worst streak since the 2009 crash The price of luxury flats in South London areas like Battersea and Nine Elms is diving
(DBN)

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EU:

Group Insolvency Proceedings Under the Revised EU Insolvency Regulation
(DBN)

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PIIGS:

Italy: Is the bank liable for damages suffered by the insolvent company following directors’ reckless resort to credit lines?
(DBN)

Alitalia insolvency: second round
(DBN)

Greece Seeks Debt Clarity as Creditors Resist Concessions
(DBN)

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Canada:

Alberta insolvency numbers continue to rise
(DBN)

Hamilton Stelco workers reach tentative deal with Bedrock Industries
(DBN)

Eerie photos show a neighborhood of abandoned million-dollar McMansions
(DBN)

Bubble, bubble, Canada’s housing market poses trouble, IMF says
(DBN)

Canadians now have more than $2 trillion in debt
(DBN)

Canadian Miner Doomed Without Gold Rally, Muddy Waters Says
(DBN)

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Australia:

Transport providers, liens and insolvency: Know when to hold ‘em
(DBN)

Bankruptcy law update: The case of a loan agreement creating a trust and avoiding the preference provisions – a setback for Trustees
(DBN)

Two foreign bidders vie for debt-laden steelmaker
(DBN)

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Venezuela:

Venezuelan Bonds Rise on Belief Private Deals Can Help Avoid a Default
(DBN)

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India:

Why vendors lack credible standing in M&A and bankruptcy situations
(DBN)

Incorrect bankruptcy claims can backfire
(DBN)

Bad bank a bad idea? Five reasons why India needs a durable solution on NPAs
(DBN)

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Singapore:

Singapore Enacts New Corporate Bankruptcy Law in Bid to Become Center for International Debt Restructuring
(DBN)

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Japan:

Toshiba faces daunting future after sale of computer chip operations
(DBN)

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China:

This survey says China's manufacturing sector isn't as strong as the government says it is
(DBN)

Moody’s China downgrade will have a longer-term policy impact
(DBN)

Is China Headed for a Recession?
(DBN)

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Azerbaijan:

Azerbaijan needs law on protection of creditors ' rights
(DBN)

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