June 28, 2017

The Daily Bankruptcy News

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Law:

DLA Piper Hit by Cyber Attack, Phones and Computers Down Across the Firm DLA Piper hit by ‘major cyber attack’ amid larger hack spreading to US 'It's a nightmare' - DLA Piper ransomware attack sounds cybersecurity alarm for law firms Global Biglaw Firm ‘Paralyzed’ By New Ransomware Attack DLA Piper Victim of Massive Malware Attack DLA Piper rocked by ransomware attack … weeks after publishing ‘How to protect against cyber attacks’ guide DLA working with FBI and NCA to get systems back online after ransomware cyber attack
(DBN)

The Best Law Firms To Work For In America (2018)
(DBN)

Cullen and Dykman Welcomes New Bankruptcy Partners
(DBN)

How Much Can A Bad Lateral Hire Cost A Firm?
(DBN)

Baker McKenzie Announces 80 Partnership Promotions, New Bankruptcy Partner In Tokyo
(DBN)

Cadwalader Litigation Co-Chair to Join Davis Polk
(DBN)

Increased legal spending favors global and top-tier law firms
(DBN)

Dentons Names New Bankruptcy Director and Senior Associate Down Under
(DBN)

My company is failing. How much will this negatively impact my candidacy for a job? Do today’s companies only want to hire from “successful” companies?
(DBN)

75% of Women Say Diversity Programs Are Not Working
(DBN)

Documentary About Women And The Law Reveals How Far We Still Have To Go
(DBN)

The First Women Of Harvard Law
(DBN)

How a Law Firm Celebrates its 125th Birthday
(DBN)

The Law Firm World According to Associates
(DBN)

Former Dentons Associate Arrested on Extortion Charges
(DBN)

How to Successfully Negotiate Your Salary
(DBN)

3 Unmistakable Signs You Chose The Wrong Answering Service For Your Law Practice
(DBN)

Why Do Video Depositions Cost So Much?
(DBN)

Those gifts weren't bribes, indicted Philly DA's "super friend" says
(DBN)

Cracking the Millennial Code
(DBN)

O.J. defense attorney F. Lee Bailey again files for bankruptcy in Maine
(DBN)

How to Be Heard When Talking to a Chronic Interrupter
(DBN)

The best (and worst) of iOS 11 The 13 biggest ways your iPhone will change after you install the new test version of iOS
(DBN)

Review: iPad Pro 12.9" (2nd generation 2017) -- an incredible tablet for lawyers
(DBN)

Office politics at its lowest in the legal sector, new research finds
(DBN)

Dallas Lawyer Fails to Make a Winning Case in 'The Bachelorette'
(DBN)

Making Yourself Look Effortlessly Charming
(DBN)

The role of special counsels and the Russia probe
(DBN)

Kushner Lawyer Seasoned in Navigating Washington Scandals
(DBN)

Bill Cosby to Face Civil Trial Next Year
(DBN)

Chicago Cops Indicted for McDonald Execution
(DBN)

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Judges:

Three Little-Noticed Wins for Corporations at the Supreme Court
(DBN)

Why Don’t You Tell Us How You Really Feel About Justice Gorsuch
(DBN)

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Wall Street:

 

Stocks close lower after Senate delays health-care vote, tech sells off
(DBN)

Politics may be tearing the U.S. apart, but stocks are loving it
(DBN)

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Layoffs:

Memorial Hermann lays off 350 more employees
(DBN)

Joe's Crab Shack parent prepares to cut 87 jobs with possible sale
(DBN)

Tesco is reportedly about to cut 1,200 jobs
(DBN)

The surprising diversity of America’s jobless adults
(DBN)

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Healthcare:

Under Proposed Senate Health Care Law Prepare to Be Medically Bankrupt Under the Republican health proposal you may be working longer and saving less for retirement The Senate's Health-Care Bill Is Still Unaffordable for Poor People How premiums would change under the Senate health bill The Obvious Problem With the ‘Simple’ GOP Solution for Health Care Paul Ryan: 22 million Americans won’t be ‘pushed off’ insurance — they will ‘choose’ not to buy it AARP slams Senate GOP health care proposal, calls for Congress to 'start from scratch' The Senate health care bill basically forces states to end Obamacare’s Medicaid expansion Most Voters Oppose Senate Health Care Bill’s Cuts to Medicaid Let them pay a third of their income in deductibles is the new let them cake
(DBN)

The GOP health-care plan threatens to kill jobs nationwide
(DBN)

Most Patients Can’t Pay a $500 Hospital Bill
(DBN)

How the Republicans and Democrats can both be right on Medicaid
(DBN)

The Senate Republican healthcare bill is collapsing The Senate's health care time bomb Health Bill Is in Peril as G.O.P. Support Wanes After Report Why the Health Bill Forecast Left Republicans Shaken Senate delays health care vote until after recess Trump tries to buck up Republicans on health care, hits ‘fake’ news Trump tells GOP senators: 'We're getting very close' on passing health-care plan Trump group's aggressive health care moves irritate GOP Governors Attack TrumpCare Bill The Floodgates Open: GOP senators come out against healthcare bill after vote delayed
(DBN)

Elizabeth Warren: It’s time for Democrats to run on single-payer health care
(DBN)

Senate's proposed Medicaid cuts may imperil plans for special needs kids
(DBN)

While my son battles leukemia, the health care system is under assault
(DBN)

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Celebs:

How Vince Young racked up millions in debt by 2014 Vince Young, former Titans quarterback, rips Ryan Fitzpatrick, Jeff Fisher
(DBN)

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Fraud:

Judge rejects bid for mistrial in Shkreli fraud case after lawyer blasts negative press coverage ‘Pharma Bro’ Martin Shkreli goes on trial, where he finds another kind of limelight Martin Shkreli's own defense lawyer calls his Twitter history 'just horrific' during jury selection Shkreli Retaliates Against Reporters
(DBN)

Madoff settlements reach $12 billion with new accords
(DBN)

Madoff Trustee Reaches Recovery Agreements with Offshore Funds in BVI and Bermuda; Settlements with Lagoon and Thema Funds Deliver Immediate Benefit to Customer Fund of Approximately $370 Million
(DBN)

Estates of Bernie Madoff’s 2 sons to keep nearly $4 million
(DBN)

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Nuclear:

Delaware top court rules for Chicago Bridge in Westinghouse dispute
(DBN)

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Maritime:

Lenders to ramp up pressure on holders of toxic shipping debt - survey
(DBN)

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Economy:

Americans say jobs market is the best since 2001
(DBN)

Half of Americans are living paycheck to paycheck
(DBN)

It's 'unlikely' the U.S. economy's growth will meet Trump's goal
(DBN)

Harker stands by Fed rate hikes but nods to weak inflation Fed should put balance sheet normalization on 'autopilot': Harker
(DBN)

How Fed’s Williams can say stock market’s on fumes while Yellen says another crisis won’t happen ‘this lifetime’
(DBN)

The stock market is sending Janet Yellen a crucial message
(DBN)

A damning new IMF report pours cold water on the entire Trump agenda
(DBN)

Were Seattle's Minimum-Wage Hikes Too Extreme or Just Right?
(DBN)

Maine tried to raise its minimum wage. Restaurant workers didn’t want it.
(DBN)

Richmond Fed: "Manufacturers in the Fifth District Improved in June"
(DBN)

Tensions are rising in Silicon Valley over Trump's immigration crackdown
(DBN)

Steel stocks rise on speculation Trump administration's industry report will lead to China tariff Trump Faces Laugh Test as He Weighs 'Nuclear Option' for Steel
(DBN)

Five tax breaks Republicans won’t kill
(DBN)

Billionaire Warren Buffett says 'the real problem' with the US economy is people like him
(DBN)

American Workers Have A Miserable Vacation Allowance
(DBN)

FedEx CEO proposes tax plan amid delayed WH action
(DBN)

Massive cyberattack hits scores of companies as it rampages across the globe Global Ransomware Attack Creates Turmoil Victims of the global cyberattack have paid $9,000 so far but can't get their files back Cyber attack hits BNP Paribas arm DLA Piper among those hit by Tuesday morning ransomware attack
(DBN)

Many Americans will work past 65 — here’s the payoff
(DBN)

This city has the most ultra-rich residents in the world Even $100,000 a year isn’t enough to get by in these cities
(DBN)

Trump is growing frustrated with China and is considering trade actions
(DBN)

Union Pacific CEO: There is a ripe opportunity to modernize NAFTA
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Apartment Vacancy Rate increased in Q2 to 4.4%
(DBN)

Real House Prices and Price-to-Rent Ratio in April
(DBN)

Serious Delinquency Rates for Single Family Homes Since 1998
(DBN)

Mortgage Applications Decrease in Latest Weekly Survey
(DBN)

National House Price Index increased 5.5% year-over-year in April
(DBN)

Now it’s easier to buy a home even if you have student loans
(DBN)

How much you have to save per day to afford a down payment in every US state
(DBN)

Here’s the Biggest Problem Facing Homebuyers Today
(DBN)

Bankruptcy filing cancels Fairchild plant auction
(DBN)

Senators Considering Breaking Fannie-Freddie Into Pieces, Sources Say
(DBN)

Aina Lea Inc files for bankruptcy
(DBN)

Putting retail REITs to the Buffett test
(DBN)

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Municipalities:

Bond insurers sue Puerto Rico over debt deal
(DBN)

Assured Guaranty Files Complaint To Compel The Puerto Rico Oversight Board To Certify the PREPA Restructuring Support Agreement For Implementation Under Title VI of PROMESA
(DBN)

Puerto Rico oversight board rejects $9 bln debt restructuring deal
(DBN)

Puerto Rico's statehood win was a ruse
(DBN)

No Panacea for Puerto Rico
(DBN)

Illinois in danger of entering financial 'death spiral' Illinois could soon become America's first 'junk' state Will Illinois Need a Federal Bailout? Illinois Just Got Downgraded. Here's Why Municipal Bond Investors Ought to Beware Wednesday’s $90 million Powerball drawing could be last for budget-hobbled Illinois No US state has ever had its debt downgraded to 'junk' Illinois lottery winners may have to wait to collect their spoils
(DBN)

States with the Best and Worst Economies
(DBN)

Buying Muni Bonds? Caveat Emptor
(DBN)

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Oil/Gas:

OPEC, have no fear: The U.S. shale-oil output crash is here
(DBN)

Oil stays below $47 as U.S. inventory report revives glut worries
(DBN)

Oil pipeline firms' discounts rile clients, roil markets
(DBN)

Oil prices may have finally hit bottom now that bullish hedge funds have thrown in the towel
(DBN)

Oil prices pop 2% as traders bet on a drop in inventories
(DBN)

This Shipping Magnate Is Calling a Bottom in the Oil Rout
(DBN)

Oil's in a Bear Market, and Stocks Will Soon Follow
(DBN)

Deloitte: Oil Firms Face Increasingly Sophisticated Cyber Attacks
(DBN)

Drivers may pay the lowest July 4th gasoline prices in 12 years
(DBN)

______________

Retailing:

Dead Stock Walking: Sears Holdings Has Nowhere to Go but Down
(DBN)

Eddie Bauer Retains Investment Banks to Explore Strategic Options, Sources
(DBN)

Claire's faces an uphill battle to stay afloat
(DBN)

Hedge fund move irks other J. Crew creditors as battle heats up
(DBN)

Sears Holdings Corp Is Bedridden, Surrounded by Friends and Creditors
(DBN)

Kmart has a ridiculously ironic slogan on its shopping bags
(DBN)

U.S. retail mall vacancies edge up in second quarter
(DBN)

Lawsuit against owner of Middletown Mall halted by bankruptcy
(DBN)

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Derivatives:

Deutsche Bank Faces Possible $60 Million Derivative Loss
(DBN)

______________

Electricity:

NextEra won't take Texas' no for an answer in quest to be state's power giant
(DBN)

______________

Amusement Parks:

Schlitterbahn's Corpus Christi Project Files for Bankruptcy
(DBN)

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Coal:

The Future of Coal Country
(DBN)

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New Bankruptcy Opinions
(12 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 (12 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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SCOTUS:

SCOTUS To Hear Recharacterization Case Supreme Court to Decide Bankruptcy Test for Recharacterizing Insider Debt Claims Recharacterizing Claims as Capital Contributions Justices to Take On Circuit Split on Bankruptcy Issue Cert Petition Court of Appeals Opinion
(DBN)

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Ch. 13:

BK ED WA Seeks Comments On Changes To Local Chapter 13 Plan
(DBN)

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Intercreditor:

Seeing the Forest Instead of the Trees
(DBN)

______________

Avoidance Actions:

8th Cir. Rules on Bankruptcy Trustee’s Ability to Recover Overdraft Covering Deposits
(DBN)

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Corporate Reform:

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

______________

Travel:

‘I thought my son was going to die’: Colorado infant overheats while delayed on sweltering United jet
(DBN)

A superstitious Chinese passenger threw coins into a plane engine for luck
(DBN)

______________

Food/Beverage:

The Price War Over American Groceries Is Getting Bloody
(DBN)

Joe's Crab Shack bankruptcy sale gets complicated
(DBN)

Indiana's Peerless Potato Chips factory closing its doors
(DBN)

______________

Autos:

U.S. plaintiffs' lawyers warn of automaker role in Takata bankruptcy
(DBN)

Takata must fulfill its responsibility after causing massive airbag recalls
(DBN)

Takata Tumbles 69% as Limits Removed After Bankruptcy Filing
(DBN)

Takata Bankruptcy Doesn't End Auto Industry's Pain
(DBN)

Takata bankruptcy a question mark for consumer lawsuits
(DBN)

Judge approves initial motions in Takata bankruptcy
(DBN)

Takata gets clearance to launch massive bankruptcy case
(DBN)

What to expect after Takata's bankruptcy filings
(DBN)

Franchise Services of North America Inc. Announces Chapter 11 Bankruptcy Filing
(DBN)

New Cars Are Too Expensive for Most Families
(DBN)

______________

Politics:

The Exasperating Difficulty of Trying to Understand Trump’s Finances
(DBN)

The Litigation Storm Around President Trump
(DBN)

Trump's millionaire voters losing faith
(DBN)

Grover Norquist complained his daughter had to pay sales tax on her guitar. Twitter said he had forgotten a few things.
(DBN)

Paul Manafort, Trump’s ex-campaign manager, registers as foreign agent Paul Manafort's firm got $17 million from pro-Russia party 'They sow chaos wherever they can' 'Collusion is not a crime': Trump's media allies have a striking new talking point that experts say is 'flawed' and 'absurd'
(DBN)

Huh? The GOP Isn't Holding Town Halls Now
(DBN)

Jason Chaffetz: Members of Congress should get $30,000 a year for rent
(DBN)

Making Ivanka Trump shoes: Long hours, low pay and abuse
(DBN)

Bernie Sanders rips FBI’s ‘pathetic’ probe into his wife Feds Looking Into Bernie Sanders' Wife Over Real Estate Deal
(DBN)

Trump tells a female reporter she has a 'nice smile' while on the phone to the Irish PM
(DBN)

21-year-old heading to prison for creating 18 fraudulent voter-registration forms
(DBN)

Elizabeth Warren Asking How That Make America Great-y Again-y Thing’s Workin’ Out For Ya
(DBN)

______________

UK:

Brexit: Trouble at the Top Theresa May's cabinet is beginning to tear itself apart over Brexit Linklaters pens report on Brexit, tells government the process could be ‘overwhelming’
(DBN)

Britain's financial regulator hits the 'nuclear button' in its crackdown on the £7 trillion asset management industry
(DBN)

Ashurst sees revenue rise £40m and PEP up nearly £70,000
(DBN)

______________

PIIGS:

Poll: Majority of Greeks Believe Gov't Lost in Deal With Creditors
(DBN)

Greece says needs to step up privatisations
(DBN)

______________

Canada:

Sears Canada Laid-Off Employees Won't Receive Severance
(DBN)

Canada's growth to moderate after strong showing, says central bank governor
(DBN)

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Japan:

Toshiba to meet shareholders with no chip unit deal signed
(DBN)

As crime dries up, Japan’s police hunt for things to do
(DBN)

Ex-bosses to go on trial over Fukushima disaster
(DBN)

______________

India:

Bankruptcy proceedings started against Essar Steel, Monnet Ispat
(DBN)

Bankruptcy framework 2017 - a much needed relief for the Indian financial sector
(DBN)

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Venezuela:

Venezuela on high alert after helicopter drops grenades on Supreme Court Video shows gunshots and explosions from a helicopter 'grenade attack' on Venezuela's Supreme Court
(DBN)

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MENA:

Qatar foreign minister meets with Tilllerson as Gulf crisis persists The Saudi-Qatar rift is pushing the Middle East towards a point of no return
(DBN)

______________

France:

French Consumer Confidence Jumps to Highest Level in 10 Years
(DBN)

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