June 15, 2017

The Daily Bankruptcy News

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Law:

Will Norton Rose Fulbright and Chadbourne Merge? Chadbourne's Norton Rose Fulbright Deal Faces Conflict Delay Norton Rose ‘working through the technicalities’ of a merger with Chadbourne
(DBN)

Proskauer says partner who lodged $50 million gender bias suit isn't an employee
(DBN)

Chadbourne loses bid to nix attorneys' $100 million gender bias suit Lawsuit alleging gender discrimination at Chadbourne gets past summary judgment
(DBN)

Judge Keeps $100M Chadbourne Gender Bias Case Alive; Proskauer Looks to Escape
(DBN)

Biglaw Refugees Start Their Own Women-Owned Boutique
(DBN)

In-house lawyers say they're enjoying the same status as outside counsel
(DBN)

Winning in Managing Outside Counsel
(DBN)

New ACC Survey Finds 'Dramatic' Gender Pay Gap for In-House Counsel
(DBN)

Girl (Senator) Interrupted: Women Litigators Feel Kamala Harris' Pain
(DBN)

Simpson Thacher & Bartlett downsizes and rents office space to boutique legal practice
(DBN)

Freshfields US lateral hires bring in key role on Alitalia bankruptcy
(DBN)

Biglaw Firm Will Pay Associates & Staff To Take A Day Off And Volunteer
(DBN)

The Legal Scholarship Bubble Has Burst
(DBN)

Political Power and a Shifting Narrative in Shooting Death of Prominent Atlanta Lawyer's Wife
(DBN)

Due diligence from the lateral partner's perspective
(DBN)

Law firms need a wake-up call on commoditization
(DBN)

Adopt or Perish? Attorneys and Vendors Battle Over AI Adoption
(DBN)

Growing number of BigLaw associates are cutting their teeth on Pro Bono cases
(DBN)

When People Start Writing About You Destroying Your Firm, Things Aren’t Going Well
(DBN)

The Discrimination Tolerated By Lawyers
(DBN)

Summer Associate Allegedly Fired For Making Racist Remarks

Congressman among multiple people shot at congressional baseball practice Trump calls Rep. Scalise 'a true friend and patriot' after congressional baseball shooting 66-year-old James Hodgkinson named as suspect in congressional baseball practice shooting Virginia Gunman's Long Descent into Rage Gunman Had Record of Domestic Violence Rep. Duncan: I think I may have spoken to the gunman before he started shooting What to Know About Suspected Virginia Shooter James Hodgkinson Who Is James T. Hodgkinson? Shooting Rocks the Capital Democrats Pray for Republican Colleagues After Congressman Shot in Virginia When a Suspected Shooter’s Facebook Page Becomes a Circus Sanders 'sickened' to learn congressional shooting suspect volunteered for campaign The suspect in the congressional baseball practice shooting was a fierce Trump opponent who called him a 'traitor' Former Alexandria mayor says he talked with shooting suspect every day for the past month and realized he was living out of a gym bag The Last Time a Congress Member Was Shot Emotional Paul Ryan says Congress "united" after shooting Steve Scalise remains in critical condition, needs more surgery after shooting Trump Sits by Scalise's Bedside
(DBN)

The GOP baseball shooting is the 154th mass shooting this year
(DBN)

Cosby Jury Leaning Towards Acquittal? Bill Cosby's lawyer told Cosby's wife during the trial — in front of the jury — 'You deserved better'
(DBN)

Robert Mueller Assembles An All-Star Legal Team
(DBN)

The Justices Don't Have Much Guidance for Handling Trump's Tweets
(DBN)

Judge orders convicted drunken drivers to download ride-hailing apps
(DBN)

Judge Overturns Verdict in Jersey Boys Case
(DBN)

iphone Misconduct: Bankruptcy Sanction Becomes Reciprocal Censure
(DBN)

86 percent of low-income Americans’ civil legal issues get inadequate or no legal help, study says
(DBN)

Philly DA loses bid to dismiss bribery charges ahead of trial
(DBN)

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Judges:

Trump's judicial picks distance themselves from their earlier political writings
(DBN)

Was A Possible Judicial Nominee Told To Curb His Twitter Use By… The Trump Administration, Of All People?
(DBN)

Believe It Or Not, Supreme Court Justices Actually Like Each Other
(DBN)

NFL Player Has Unpaid Summer Internship With State Judge
(DBN)

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Wall Street:

U.S. stocks set to slide with Fed determined to end easy money
(DBN)

Stocks Sink as Investors Seek Safety After Weak Sales Data
(DBN)

Stock market risk is much greater than we thought, this study shows
(DBN)

Hedge funds are dumping these 11 big-name stocks
(DBN)

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Layoffs:

GM Extends Summer Break Amid Industry Slump, Growing Glut
(DBN)

Robots are doing the work of $326,000-a-year Goldman Sachs employees
(DBN)

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Healthcare:

President Trump Wants Senate Republicans to Pass a ‘Generous’ Obamacare Replacement
(DBN)

The Emerging Senate Repeal Bill Eviscerates Protections for Millions in Employer Plans Nationwide
(DBN)

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Retailing:

US retail sales unexpectedly decline in May
(DBN)

Sears Canada: Accelerating Down A Road To Zero
(DBN)

J.Crew Launches Debt Restructuring Deal J. Crew's Debt Swap Plan Already Faces Opposition
(DBN)

RadioShack’s liquidation auction is both a sad coda and an odd treasure trove
(DBN)

Chain store closing can be blow, blessing for small business
(DBN)

US Retail Sales Had Their Biggest Drop in Over a Year
(DBN)

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Travel:

The Best and Worst Coach Seats on U.S. Airlines
(DBN)

This is the worst thing about flying for most Americans
(DBN)

American Airlines Ditched a Plan to Take Away Even More of Your Legroom
(DBN)

More trouble for United: Customer sues for being shoved to the ground in 2015
(DBN)

United Airlines grounded a flight after passengers witness jet fuel gushing from the wing
(DBN)

Bye-bye boarding pass? TSA, airlines test fingerprints, facial recognition to ID travelers
(DBN)

Airline customer complaints soar following terrible April
(DBN)

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Finance:

Hunt for Yield is Driving Loan Investors Crazy
(DBN)

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Healthcare:

 

Senate Republicans Push to Reach Health Deal
(DBN)

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Food/Beverage:

CVS, suitors for Marsh stores agree to settlement, helping clear way for sale
(DBN)

Court approves Marsh deals to sell 26 grocery stores
(DBN)

Marsh buyer Fresh Encounter, Inc. taking ownership of local store, 14 others in week
(DBN)

Starbucks shares sink to 8th-straight loss after analyst downgrade
(DBN)

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Festivals:

People are selling their merchandise from the disastrous Fyre Festival and calling it 'a piece of history'
(DBN)

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Banking:

Elizabeth Warren Calls for Targeted Deregulation of Community Banks
(DBN)

Wells Fargo Fake Accounts and Arbitration
(DBN)

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Student Debt:

Feds point fingers as 'debt relief' cos. prey on students
(DBN)

Education Secretary seeks rule redo for defrauded college students DeVos Ends Rules to Protect Student Borrowers
(DBN)

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Aviation:

Freshfields Swoops in for Alitalia's US Bankruptcy Work
(DBN)

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Solar:

This Case Could Upend America’s $29 Billion Solar Industry
(DBN)

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Economy:

Fed hikes key interest rate and readies plan to reduce assets in validation of economic recovery FOMC Statement: 25bps Rate Hike Fed raises interest rate, signaling confidence in the economy Interest Rates Edge Up; Fed Promises Tapering To Begin Later This Year It’s official: Fed raises interest rate for the second time this year Federal Reserve Interest-Rate Decision - Live Analysis Here's the Fed's plan to unwind its massive $4.5 trillion balance sheet Here's the new Fed dot plot There's a reason markets don't believe the Fed will raise interest rates again this year The Fed Raises Interest Rates Again, but Where’s the Inflation?
(DBN)

Who Will Be the Next Fed Chair?
(DBN)

Fed seen hiking rates but inflation, economic outlook dim: CNBC Survey Fed will have to respond to weak inflation data as expectations fade for further hikes
(DBN)

Key Measures Show Inflation mostly below 2% in May
(DBN)

Portfolio Managers Are Holding Record Levels of Corporate Debt
(DBN)

Trump apprenticeship push won't come with more cash
(DBN)

Federal Reserve Survey: Consumers’ Overall Financial Well-Being Improves
(DBN)

Consumer prices fell more than expected in May US Consumer Price Index fall 0.1% in May vs 0.2% increase expected
(DBN)

The Fed is missing a key sign of economic weakness coming from American consumers
(DBN)

The world is awash in $9 trillion of bonds that are guaranteed to lose money
(DBN)

This one chart shows why the Fed is in such a tough spot right now
(DBN)

Earn minimum wage in the US? You can afford to live in exactly 12 counties
(DBN)

Treasury yields tumble after disappointing retail sales and CPI data
(DBN)

How a Fed rate hike would affect your finances
(DBN)

What market risk? Deutsche Bank sees only a 9% chance of a recession
(DBN)

Lousy Pay Raise? That May Be as Good as It Gets
(DBN)

US retail sales in May are weakest in 16 months
(DBN)

Millionaires own a record 45% of the world's wealth — and their share is growing
(DBN)

Here's how much you have to earn to be in the top 1% in the 25 biggest US cities
(DBN)

Billionaire Ron Baron says the stock market and economy will double in 13 years
(DBN)

Two economists tested a common assumption about the poorest Americans — and found it dead wrong
(DBN)

The healthiest and happiest state to raise your kids
(DBN)

Immigration Not Enough to Halt Exodus From Biggest U.S. Cities
(DBN)

How This Economic Recovery Ends
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

A Perfected Assignment of Rents is Not Property of Bankruptcy Estate
(DBN)

Short Sale: Is There an Argument That an Underwater Mortgagee Is Required to Consider and Approve?
(DBN)

How the Fed’s rate hike will affect homeowners’ ability to save by refinancing
(DBN)

Wells Fargo is accused of making improper changes to mortgages
(DBN)

MBA: Mortgage Applications Increase in Latest Weekly Survey
(DBN)

RCWE Holding enters bankruptcy
(DBN)

Proof almost no one can afford a decent life anywhere near San Francisco
(DBN)

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Municipalities:

Puerto Rico statehood bid a total failure
(DBN)

5 federal judges to mediate Puerto Rico bankruptcy fights Team set up to mediate Puerto Rico debt Mediation team created for Puerto Rico bankruptcy cases Stockton bankruptcy judge among five tapped to mediate Puerto Rico debt fights
(DBN)

Puerto Rico’s $123 Billion Bankruptcy Will Impact More Than Your Wallet

Five Michigan officials charged with involuntary manslaughter in Flint water debacle Michigan health officials charged with manslaughter over Flint Water Crisis Charges in Flint water crisis climb closer to Gov. Rick Snyder Schuette Files Toughest Flint Water Charges Yet No denying politics in AG's Flint water roll-up
(DBN)

Kansas’ experiment with tax cutting failed spectacularly — on its own terms These are the people who suffered when Kansas’s conservative experiment failed
(DBN)

CA: County to make final bankruptcy debt payment
(DBN)

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Oil/Gas:

France's CGG files for bankruptcy protection CGG Files For Bankruptcy Protection CGG: Following Agreement with Key Financial Creditors, CGG Begins Legal Process to Implement Balance Sheet Restructuring
(DBN)

Oil prices under pressure as IEA warns of ongoing glut Oil prices are tanking; US crude drops below $45 a barrel to 5-week low Oil drops to 7-month low, roiled by bearish US inventory report Oil sinks to November lows on shock US gasoline build Oil Prices Fall As IEA Points At Poor Fundamentals Oil prices fall again, staying around 7-month low as ‘alarm bell’ goes off over U.S. supply Oil cheapest since before November OPEC deal
(DBN)

Saudis Cut Oil Exports to U.S. to Ease Global Glut As oil tanks, Saudi Arabia's next effort to boost prices may be targeting US oil inventory data
(DBN)

Occidental CEO: Oil Crisis Isn't Over
(DBN)

Shale Oil Drillers Cannibalize Themselves While Debt Bombs Loom On The Horizon
(DBN)

Iraq Sends Millions of Barrels of Oil to US While Saudis Cut
(DBN)

US shale oil strikes again: Non-OPEC output growth to outpace demand gains in 2018
(DBN)

Is now the time to buy battered energy stocks?
(DBN)

Will American shale drillers crush their own rally before OPEC, other rivals thwart it?
(DBN)

Seadrill - The Sword Of Damocles Is Dangling Over Shareholders' Head
(DBN)

Solar power emerges where oil and gas once dominated Wind, solar surpass 10 percent of power production Where America Gets Its Electricity
(DBN)

Big Oil's Pivot To Renewables Has Begun
(DBN)

A Tanker That Can't Sell Its Oil Anywhere
(DBN)

Oil shares drop to 5-week low, but Canadian dollar gains
(DBN)

Inflation, Rising Rates Can Spark Oil's Rebound
(DBN)

______________

Electricity:

NRG Energy unit GenOn files for bankruptcy NRG Energy's GenOn unit files for bankruptcy First Day Dec
(DBN)

______________

Politics:

Why the GOP Still Grovels to Trump
(DBN)

Mueller probe looks into Trump over possible obstruction of justice Trump is reportedly under criminal investigation This Is Mueller’s Dream Team for the Trump-Russia Probe Did The Special Counsel’s Office Just Leak Against Trump?
(DBN)

Senate Judiciary Committee to probe circumstances of Comey’s firing from the FBI
(DBN)

Between the Lines of Jim Comey's Testimony Congress dealt a huge blow to Trump's Russia plans, and the White House is already 'pushing back'
(DBN)

Chris Christie Is the Most Unpopular Governor in 20 Years. In Any State
(DBN)

Dennis Rodman gave Kim Jong-Un a copy of Trump's 'The Art of the Deal'
(DBN)

Student Disqualified As Class President After Campaign Speech With Trump References
(DBN)

______________

Museums:

13 of the biggest flops featured in Sweden's new 'Museum of Failure'
(DBN)

______________

Mass Torts:

Insurers: We're off the hook, Duke Energy knew coal ash risk
(DBN)

______________

Coal:

Life support for coal will make America an energy backwater
(DBN)

A $2.5 billion bidding war could signal a resurgence for coal
(DBN)

The War on Coal States
(DBN)

______________

Gambling:

Phil Falcone Bets on a Casino (Where the Locals Can’t Gamble)
(DBN)

______________

Consumer Finance:

The Shadow Banks of the Barrio
(DBN)

______________

 


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 (93 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (11 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 MN: May Filing Statistics
(DBN)

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Bankruptcy Rules:

BK DE: Court Revises Rules For Claims Agents
(DBN)

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Jurisdiction:

Jurisdiction Retention Clause in Sale Order Can’t Provide Bankruptcy Court Subject Matter Jurisdiction for Contract Disputes between Non-Debtors
(DBN)

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Litigation:

The New FRE Rule 902 Should Lead to Litigation Cost Savings, Experts Say
(DBN)

Six Degrees of Separation: Use of Bankruptcy Rule 2004 Examination in Connection with Third-Party Litigation
(DBN)

______________

Ch. 13:

Grace Period to Cure Arrearage Beyond Five-Year Plan Period
(DBN)

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Third Party Release:

Bankruptcy Court Jurisdiction and Third-Party Releases: The Latest Frontier
(DBN)

IRS Can Pursue “Responsible Persons” for Unpaid Trust Fund Taxes and Automatic Stay Cannot Be Used to Enjoin Collection Against Non-Debtor Officers and Directors
(DBN)

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Celebs:

Bankruptcy cases show we’ve become a nation of selective justice
(DBN)

Teresa Giudice's Lawyer Blasts Claims She's Cheating on Husband Joe: 'This Is the Embodiment of Fake News'
(DBN)

______________

Debt Collection:

U.S. Supreme Court Offers Some Clarity in Assessing Debt Purchaser FDCPA Liability
(DBN)

How debt collection industry scored rare ‘victory’
(DBN)

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Education:

Why so many small private colleges are in danger of closing
(DBN)

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Corporate Reform:

Yellen says she’s ‘sympathetic’ to Trump’s deregulation plan
(DBN)

______________

Fraud:

7th Circ affirms fraud conviction of Bentley-driving pastor who warned judge to beware the "wrath of God."
(DBN)

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Bankruptcy Crimes:

Harrisburg Woman Sentenced For Bankruptcy Fraud
(DBN)

______________

UK:

The Insolvency Rules 2016: an assault on red tape?
(DBN)

Cross Border Insolvency Regulations 2006- UK recognition of Azerbaijan Restructuring Proceedings
(DBN)

81% of Brits who are heavily in debt are so worried they can't sleep
(DBN)

In Britain's post-election disarray, can a Brexit consensus be found?
(DBN)

Brexit Update – Signs of “Regrexit” Following UK General Election?
(DBN)

EU nationals are losing interest in moving to the UK as Brexit approaches
(DBN)

Now Britain, Not France, Risks Being 'Sick Man' of Europe
(DBN)

Grenfell Tower Was a Disaster Waiting to Happen Council ‘threatened blogger with legal action’ over Grenfell Tower warnings
(DBN)

______________

EU:

Debt collectors make Europe’s bad loans pay again
(DBN)

Germany, Italy push for changes to Europe's rules on bank failure
(DBN)

______________

PIIGS:

Greece Seeks Credible Debt Deal Greece Set for Case `Full of Money,' No Debt Relief at Eurogroup
(DBN)

Wiped Out Spanish Bank Notes Become Lottery Ticket for Traders
(DBN)

______________

Canada:

Canada household debt -to-income ratio hovers near record highs
(DBN)

______________

China:

China has a worrying habit of making business leaders disappear
(DBN)

Can China Really Rein in Credit?
(DBN)

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Germany:

We're not about to go bankrupt , Air Berlin insists German government looking into loan guarantees for Air Berlin
(DBN)

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India:

Bill To Help Financial Sector Deal With Bankruptcy Approved Insolvency framework soon for banks, insurers
(DBN)

Energy sees some big-ticket filings under new insolvency law
(DBN)

NCLT, insolvency infra won't suffice to handle RBI's move to curb NPAs
(DBN)

RBI identifying defaulters for insolvency can hurt banks’ balance sheets
(DBN)

Four cases that show invoking bankruptcy code is no panacea to resolving bad loans
(DBN)

Bankers brace for hitches and legal battles over RBI action on defaulters
(DBN)

Battling toxic loans
(DBN)

Stressed firms race to sell assets
(DBN)

______________

Croatia:

Croatia's Agorkor receives 9864 claims from creditors
(DBN)

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Australia:

Korean bid eyes $1 billion spend on Arrium steelworks
(DBN)

Station masters join forces to save Ten Network
(DBN)

Macquarie says it's not a major bank in bid to escape bank levy
(DBN)

Arrium closer to salvation as Korean bidders get nod
(DBN)

Australian Insolvency Reforms - The Harbour Appears Safer Than it Was
(DBN)

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Venezuela:

Cuba Scrambles As Venezuela's Oil Industry Collapses
(DBN)

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Brazil:

Brazil watchdog wants out of Oi reorganization, paper says
(DBN)

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Switzerland:

UBS, Credit Suisse need to draft credible insolvency plans
(DBN)

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Azerbaijan:

Kazakhstan to swap into Azeri sovereign debt in IBA restructuring Azerbaijani Bank's Restructuring Draws U.S. Creditor Objection
(DBN)

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MENA:

Islamic finance industry frets as Dana Gas deems its sukuk invalid Why Everyone's Talking About Dana Gas's Sukuk
(DBN)

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Mozambique:

Traders Buy Up Assets in Mozambique, Where Defaults are Rife
(DBN)

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