June 27, 2017

The Daily Bankruptcy News

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Law:

Weil Grabs Bankruptcy Wheel for Ailing Air Bag Maker Takata
(DBN)

Stroock’s Financial Restructuring Group Adds Four Lawyers from Four Different Firms, Topped by M&A Restructuring Veteran Brian Kelly • Stroock Bringing Aboard Restructuring Team
(DBN)

The 500 Largest Law Firms
(DBN)

3 Takeaways From Ex-Dentons Associate's Alleged Extortion Plot
(DBN)

Regulators enlist corporate lawyers in joint response to cyberattacks
(DBN)

Marketing fees paid to Avvo violate New Jersey lawyer conduct rules, ethics opinion says
(DBN)

How I Overcame My Paralyzing Fear Of My Law School Loans
(DBN)

Students Applaud Changes To LSAT Even If They Don’t Know What It Means
(DBN)

Journey From Lawyer To Consultant
(DBN)

Ethics committees bar New Jersey attorneys from legal services cos. like Avvo and Rocket Lawyer
(DBN)

Jared Kushner has reportedly hired a prominent trial lawyer
(DBN)

Preet Bharaha Inks Book Deal
(DBN)

Cosby juror suggests that accuser’s “bare midriff” implied consent
(DBN)

The Supreme Court Strikes Down a Major Church-State Barrier
(DBN)

High court reinstates part of travel ban, will hear case next term • The Supreme Court Partially Unblocked Trump's Travel Ban • The Supreme Court may have just tipped its hand on how it could rule on Trump's travel ban — and it bodes well for Trump • Trump "grateful" for Supreme Court travel ban decision • Did Roberts Show His Hand On The Travel Ban? • Supreme Court just handed Trump—and the Constitution—a huge victory on travel ban
(DBN)

Judge Freezes Iraqi Deportations Nationwide
(DBN)

Nursing Home Workers Still Posting Nude and Vulgar Photos of Residents on Snapchat
(DBN)

SCOTUS rules Arkansas must include names of gay spouses on birth certificates; Gorsuch dissents
(DBN)

Supreme Court to decide case of baker who refused to make wedding cake for gay couple
(DBN)

Here's our first look at iOS 11, which will bring massive changes to your iPhone and iPad
(DBN)

Fake cop pulls over real cop
(DBN)

Bankruptcy Misconduct Gets Attorney Disbarred
(DBN)

Fake law firm website uses real lawyers’ pictures to fleece consumers, bar lawsuit says
(DBN)

3 Things ‘The Office’ Taught Me About Employment Law
(DBN)

3 Signs You May be a Genius
(DBN)

Disbarred attorney's tax evasion conviction overturned because he was indicted 2 days too late
(DBN)

Nightclub owner outlines gifts he says he gave Philadelphia DA in exchange for favors
(DBN)

Can You Keep Track Of All The John Grisham Adaptations?
(DBN)

Assessing John Oliver’s Legal Chances
(DBN)

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Judges:

Despite Exposés and Embarrassments, Hundreds of Judges Preside in New York Without Law Degrees
(DBN)

'Kennedy's Court': Meet 80-year-old Supreme Court justice Anthony Kennedy, who's rumored to retire soon • No, Justice Anthony M. Kennedy Is Not Retiring Tomorrow
(DBN)

A federal court asks jurors to confront their hidden biases
(DBN)

This SCOTUS term by the numbers: How did 14 months with an empty seat affect the court?
(DBN)

Why big business keeps winning at the Supreme Court
(DBN)

BK WD PA Seeks Chief Deputy Clerk
(DBN)

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Wall Street:

Futures slip on tech selloff; Yellen in focus
(DBN)

U.S. stocks close mostly higher; oil recovers
(DBN)

A crucial stock market indicator just got its most bullish reading on record
(DBN)

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Layoffs:

Carrier Employees Brace for Layoffs as Trump's Deal to Save Jobs Loses Its Shine
(DBN)

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Autos:

Meet the company taking over Takata after bankruptcy • Takata deal puts Key Safety Systems in line to leap into big leagues • Key Safety Will Drop Takata Name, Boost Air-Bag Ties With Daicel • Moody's says Key Safety's agreement in principle to purchase the bulk of assets is credit negative
(DBN)

Takata CEO under fire from shareholders after bankruptcy filing
(DBN)

Compensation deadline forced Takata into bankruptcy filing: CEO
(DBN)

Q&A: How air bag recalls are impacted by Takata's bankruptcy • Will Takata's bankruptcy affect recall repairs? • 8 Key Questions About Takata Bankruptcy and Ongoing Airbag Recall • 'Like bombs': Bankrupt Takata's air bags still out there • With 54 Million to Go, This Airbag Recall Is Never Going To End • Japan's Takata offers condolences to victims of faulty air bags • Why Takata's bankruptcy filing isn't bad news for those stuck in the air bag recall
(DBN)

Takata bankruptcy may put recall costs squarely on automakers • Who's left holding bag for Takata recalls? • Takata Counting on Car Maker Support to Save Its Business
(DBN)

Takata bankruptcy a risk management lesson for Japanese manufacturers
(DBN)

IHS' Chao Weighs in on Takata Bankruptcy
(DBN)

Takata bankruptcy raises concern among suppliers, employees
(DBN)

Takata MDL Lives On Without Marquee Defendant
(DBN)

GM lowers outlook for US 2017 new vehicle sales
(DBN)

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Celebs:

That's what happens when you don't pay your ticket, Boris! Bankrupt Becker's Maserati is towed
(DBN)

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Healthcare:

Hospitals to Lose Billions Over TrumpCare
(DBN)

Medicaid Leaders Denounce TrumpCare
(DBN)

Acessa Health closes bankruptcy buyout of Halt Medical, raises $30m
(DBN)

Medicaid Cuts May Force Retirees Out of Nursing Homes • ‘These people don’t understand capitalism’: GOP rep. attacks Medicaid patients for not supporting tax cuts
(DBN)

American Medical Association: Healthcare bill violates the 'do no harm' standard • Senate Republicans are expected to release a new version of their healthcare bill to fix one of its biggest flaws • GOP Leaders Issue Revised Health Bill as They Press for Vote • Fact Check: There "are not cuts to Medicaid" in the GOP health care proposals. • Yes, the GOP health-care plan really is a giant Medicaid cut — in one chart • Anthem Says Senate Health Bill Will Bolster Individual Insurance Market, Other Insurers Disagree • Rough Seas Ahead for Senate Passage of the GOP Health Care Bill • Fact Check: The Senate bill "hands enormous tax cuts to the rich and to the drug and insurance industries, paid for by cutting health care for everybody else." • 7 Huge Tax Breaks in the Senate GOP Health Care Plan • How the Senate bill could send the health insurance market into a death spiral • Largest doctor group opposes Senate health bill • A person making $11,400 in 2026 will face a deductible that’s more than half their income
(DBN)

Senate GOP Obamacare replacement would lead to 22 million more uninsured in 2026, CBO estimates • The CBO report shows how the Senate healthcare bill could crush low-income Americans • The CBO has debunked a key Republican talking point on the Senate health bill • The White House blasted the budget office that predicted devastating effects for the Senate health bill
(DBN)

Pence Comforts ObamaCare 'Victims'
(DBN)

A mom's viral tweets about her son's medical bills sums up what's at stake in the Obamacare debate
(DBN)

A White House-backed group is going after a Republican senator who refuses to support the GOP healthcare bill • Bipartisan governors' group asks Mitch McConnell for more time to debate Senate health care bill
(DBN)

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Economy:

U.S. Durable-Goods Orders Fell 1.1% in May
(DBN)

Dallas Fed: "Texas Manufacturing Continues to Expand but at a Slower Pace" in June
(DBN)

Fed's Williams issues dour warning about slow economic growth
(DBN)

Survey: Consumers’ Savings Levels Improve
(DBN)

Chicago Fed "Index Points to Slower Economic Growth in May"
(DBN)

Cost of Healthcare Is Americans’ Top Financial Concern
(DBN)

Bankers warn global crash could arrive 'with a vengeance' • Goldman on the Next Recession
(DBN)

Why Americans Feel So Good About a Mediocre Economy
(DBN)

The Fed’s $4.5 trillion balance sheet isn’t all that massive
(DBN)

‘I Need More Mexicans’: A Kansas Farmer’s Message to Trump
(DBN)

Rural Youth Want Out Of Nowheresville
(DBN)

Investors are advised to steel themselves for Trump’s anti-trade moves
(DBN)

Stratfor: Here's what's going to happen in the third-quarter of 2017
(DBN)

U.S. Image Suffers as Publics Around World Question Trump’s Leadership
(DBN)

The amount of work that once bought an hour of light now buys 51 years of it
(DBN)

A ‘very credible’ new study on Seattle’s $15 minimum wage has bad news for liberals • Seattle's Painful Lesson on the Road to a $15 Minimum Wage
(DBN)

One Key to a Rust Belt Comeback: Job Hubs
(DBN)

Hotel Occupancy down slightly Year-over-Year
(DBN)

More evidence that credit card companies are lending to riskier customers
(DBN)

Deregulating the economy isn't fiscally conservative if the regulation is saving money
(DBN)

The World is Even Less Stable Than You Think
(DBN)

US Slaps More Tariffs on Canadian Lumber
(DBN)

Wealth Managers in the Age of Inequality
(DBN)

U.S. Population by Age
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Freddie Mac: Mortgage Serious Delinquency rate declined in May, Lowest since May 2008
(DBN)

The ultimate symbol of the pre-recession boom is back
(DBN)

New York City's 'Billionaire's Row' is dead — and a record-breaking foreclosure could be the 'nail in the coffin'
(DBN)

Goldman Ran Its Own Stress Tests On Its Mortgages And They Did Great
(DBN)

It's Never Been This Expensive to Buy a New House
(DBN)

The collapse of brick-and-mortar retail could spiral into a real estate crisis
(DBN)

Real estate mogul shares the most common mistake house flippers make
(DBN)

Here’s how much housing prices have skyrocketed over the last 50 years
(DBN)

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Municipalities:

For Sale: Puerto Rico
(DBN)

Puerto Rico Claims It Has No Fiduciary Duty to Protect Creditors
(DBN)

Puerto Rico's Oversight Board Must Kill The PREPA Bond Deal
(DBN)

Is Congress Making the Puerto Rico Mess Worse?
(DBN)

Puerto Rico Tells Trustee Not to Cover Payment on Highway Bonds
(DBN)

Puerto Rico's Status Politics is Theater of the Absurd
(DBN)

A Restructuring Deal That Helps Investors, Not Puerto Rico
(DBN)

Let Illinois become insolvent
(DBN)

Illinois debt is about to be rated 'junk.' What that means
(DBN)

Key Challenges Facing Illinois' Municipal Bonds
(DBN)

Are Illinois & Puerto Rico Our Future?
(DBN)

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Oil/Gas:

Shale produces oil, why not cash? Shale Produces Oil, Why Not Cash?
(DBN)

Oil up for fourth day on short-covering, supply glut caps gains
(DBN)

Oil steadies after last week's fund exit
(DBN)

Oil Prey for 'Hungry' Bears as Investors Drop Bets on Rally
(DBN)

Oil prices fall for fifth-straight week
(DBN)

The Eagle Ford Rebound Needs $48 Oil
(DBN)

U.S. oil rig count keeps surging with increase of 11
(DBN)

The world is millions of barrels away from peak oil
(DBN)

Hedge Funds Abandon All Hope in OPEC
(DBN)

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Politics:

Trump launches into raging morning tweetstorm on Obama, Russia, and 'collusion' • Trump thinks Russian meddling wasn't a solo act, Spicer says • The FBI appears to be taking cues from the explosive Russia dossier that Trump called 'phony'
(DBN)

Ivanka Trump says she tries to 'stay out of politics'
(DBN)

Asylum seekers in Canada who fled Trump now trapped in legal limbo
(DBN)

Image of the United States has plunged under Trump, survey shows
(DBN)

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Travel:

The TSA may require airline passengers to remove books from carry-on luggage
(DBN)

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Nuclear:

SCANA extends assessment of Toshiba's South Carolina nuclear plant
(DBN)

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Fraud:

Madoff sons' estates in $23 million settlement over Ponzi scheme
(DBN)

Shkreli jury picking goes very slow: 'I think he's a very evil man,' one woman says
(DBN)

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Retailing:

Why Retailers Are Closing Malls but Building More Warehouses
(DBN)

This beloved accessories store is ‘a complete train wreck’ of sparkly pink poofs
(DBN)

Sale of Eddie Bauer considered as retailer struggles with debt
(DBN)

Sears Canada to delist from Nasdaq
(DBN)

Dov Charney's American Dream
(DBN)

Hahn & Hessen Selected as Counsel to Creditors' Committee in The Gymboree Corporation Bankruptcy Case
(DBN)

Retail Apocalypse Snowballs As Liquidity Collapses
(DBN)

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Food/Beverage:

Central Grocers warehouse liquidation begins
(DBN)

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Debt Collection:

So Who Really Is A ‘Debt Collector’ Under the FDCPA?
(DBN)

Outside Collectors for I.R.S. Are Accused of Illegal Practices
(DBN)

Debt Collector Accused Of Taking Money From People Who Didn’t Owe Anything
(DBN)

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Golf:

Going for broke: how a Williamsburg golf club went bust and came back
(DBN)

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Student Debt:

You'll pay more for your federal student loan starting Saturday
(DBN)

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Personal Finance:

This tool reveals what you'll actually pay to go to elite colleges
(DBN)

Why buying a 10-year-old car is a savvy move
(DBN)

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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 (20 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (18 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:

Weekly Bankruptcy Claims Trading Activity
(DBN)

Experts say Affordable Care Act has helped people avoid bankruptcy
(DBN)

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Avoidance Actions:

SDNY Rejects Litigation Trustee's Fraudulent Transfer, Preference, Luxembourg Civil Code, and Texas Law Claims
(DBN)

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Bankruptcy Rules:

BK WD WA Seeks Comments On Local Rules Changes
(DBN)

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TBTF:

A Proposed Bankruptcy for Banks That Will Lead to Bailouts
(DBN)

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Litigation:

Not All Trial Lawyers Can Handle All Kinds Of Trials
(DBN)

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Sales:

Dear Bankruptcy Asset Purchaser, Got Good Faith?
(DBN)

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Corporate Governance:

Judge Pauley Pierces the Veil
(DBN)

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Reclamation:

Bankruptcy Court Fails to Find Wholesaler-Debtor Constructively Received Goods Delivered to Third Parties Twenty Days Before Bankruptcy; 503(b)(9) Claim Reclassified
(DBN)

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Marijuana:

SD Fla. Bankruptcy Court Refuses to Approve Bankruptcy Plan That Relied on Medical Marijuana Lease Proceeds
(DBN)

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IP:

Bankruptcy in the Age of 'Intangibility': The Bankruptcies of Knowledge Companies
(DBN)

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Coal:

Coal on the rise in China, US, India after major 2016 drop
(DBN)

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Taxis:

Jamie Dimon Takes Shaken And Fragile Travis Kalanick Under His Wing
(DBN)

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Currency:

Ethereum plunges as cryptocurrencies get hit by massive selloff
(DBN)

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Mass Torts:

Pharmacist gets 9 years in deadly meningitis outbreak
(DBN)

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Solar:

Demand for US solar power may fall by 2/3rds over company’s plea for industry remedies – study • Suniva Petition for Tariff on Solar Cell and Panel Imports Threatens Progress of U.S. Solar Development
(DBN)

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Rail:

The man who saved Delta wants to fix America's railroads
(DBN)

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Maritime:

Yang Ming plays for time as it looks to current shareholders for more finance
(DBN)

A New Coat of Paint Is Rocking the Global Shipping Industry
(DBN)

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Sovereigns:

Solving the Pari Passu Puzzle: The Market Still Knows Best
(DBN)

Pari Passu Undone: Game-Changing Decisions for Sovereigns in Distress
(DBN)

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UK:

The British Are Bingeing on Credit
(DBN)

Flawed 'gravity model' Brexit predictions were 'overly pessimistic' about the economy, study says • Business groups attack May's new EU national plans for their 'lack of clarity' • Here's what banks have said about whether their jobs will be leaving the UK post-Brexit • UK consumer confidence plunges after May's election flop • Brexit: UK needs EU transition deal to prevent increase in business failures
(DBN)

J.K. Rowling became a billionaire by masquerading as a man
(DBN)

Consumer confidence in the UK plummets in wake of the hung parliament
(DBN)

Judge gives two of media tycoon Robert Maxwell's sons a month to pay their debts after they become embroiled in bankruptcy proceedings
(DBN)

Queen’s income set to almost double amid increase in public funds
(DBN)

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EU:

EU Insolvency Regulation is recast at last • New rules facilitating cross-border insolvency proceedings enters into force today • A new dawn for restructuring and insolvency throughout the EU • Recast Insolvency Regulation
(DBN)

EU hits Google with a record antitrust fine of $2.7 billion
(DBN)

Europe's Banking Union Fails Its Latest Test
(DBN)

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PIIGS:

Italy bank rescue divides Europe • Germany criticizes Italy deal to wind down Veneto banks • Why Italy's 17bn bank rescue deal is making waves across Europe
(DBN)

Bank Bailouts, Italian-Style
(DBN)

Italy's BIM head confident the unit can be sold fast after Veneto Banca liquidation
(DBN)

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Canada:

Canada M&A Hits Decade-High as Foreign Owners Flee Oil Sands
(DBN)

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India:

The high-tech jobs that created India’s gilded generation are disappearing
(DBN)

Tata Can't Carry Air India's Excess Baggage
(DBN)

Insolvency resolution: SBI ropes in A&M, EY, Deloitte and PwC
(DBN)

Bank stocks fall on loan-loss provisioning worries
(DBN)

Banks face 60% haircut on top 12 bad loans: Report • Huge haircut needed on largest NPAs, says CRISIL
(DBN)

RBI: Ordinance empowering RBI in tackling bad loans only a one-off measure
(DBN)

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China:

China's Premier Li touts 'unimaginable job growth'
(DBN)

UBS: Chinese companies are getting more careful about debt
(DBN)

China Debt Squeeze Has Moody's Awaiting First Local Default
(DBN)

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Mozambique:

$500 million loaned to Mozambique is currently unaccounted for, according to a new report • IMF Suspected Mozambique Hidden Debt Year Before Disclosure
(DBN)

Mozambique Banks Snared in Debt Default Should Merge to Thrive
(DBN)

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Australia:

Competition To Buy Ten Heats Up
(DBN)

Creditors pursing Salim Mehajer's companies for $97 million
(DBN)

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