June 30, 2017

The Daily Bankruptcy News

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Due to the Independence Day holiday, The Daily Bankruptcy News will not publish on Monday and Tuesday, July 3 and 4, 2017



Law:

Revenue and profits per partner went up at these 2 global firms
(DBN)

Global Law Firm DLA Piper Faces Disruptions After Cyberattack DLA Piper Doing Its Best To Deal With Major Malware Attack Cyber threat to lawyers at all time high 'You can never 100% avoid this' - DLA Piper hack highlights new imperatives for law firms
(DBN)

How prepared are law firms for cyber breaches? And how often are firms being attacked? Six Steps for Lawyers to Secure their Cyber Walls
(DBN)

Stoel Rives Welcomes Gabrielle Glemann
(DBN)

Ex-Philadelphia DA escorted out of court in handcuffs after surprise guilty plea in corruption trial
(DBN)

Shakeup marks top 10 family-friendly law firms for 2017
(DBN)

Hagens Berman fires back at lawyer who claims firm breached his employment contract
(DBN)

Lawyer Moms Are Absolutely Obsessed With This Dress
(DBN)

Linklaters report £1.4 billion record revenues
(DBN)

Law School Dean Dismissed Amid ‘Hostile Work Environment’ Accusations
(DBN)

Big Law Jargon: A Primer
(DBN)

This Lawyer Gives Them The Old Razzle Dazzle
(DBN)

Are Legal Services A Commodity?
(DBN)

Reports that family of Trump lawyer Sekulow got millions from his nonprofit leads to states’ review Trump’s New Lawyer Scrutinized by Two State Attorneys General
(DBN)

Former Lawyer Pleads Guilty to Scamming Clients With Fake Court Rulings
(DBN)

Travel ban to take effect as State Department defines 'close family' Trump Administration Decides Grandparents Aren’t Real Family Yates Found Out About Travel Ban Online Trump's travel ban is officially in effect — here's what's happening at airports around the US Hawaii asks federal judge to clarify Supreme Court ruling on Trump's travel ban
(DBN)

Texas Attorney General Threatens To Sue Trump If He Doesn't End DACA
(DBN)

4 big mistakes guys make with their business attire, according to a menswear expert
(DBN)

Pregnant woman runs over purse-snatching suspect in Walmart parking lot
(DBN)

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Judges:

I'm Done: Judge Walked off Bench Mid-Hearing
(DBN)

Republicans call on Ginsburg to recuse herself in travel ban case
(DBN)

Lawyerly Lairs: Justice Neil Gorsuch’s House, On The Market For $1.7 Million
(DBN)

How Do Federal Judges Let You Know When They’re Annoyed?
(DBN)

Justice Gorsuch’s First Supreme Court Dissent is Scaliaesque on Statute Construction but Non-Scalia on Public Rights Doctrine (Perry v. Merit Systems)
(DBN)

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Wall Street:

U.S. stock futures point to a comeback from tech-led battering
(DBN)

Markets around the world are reeling Global Markets Fall as Wild Ride Continues
(DBN)

Wall Street hit hard as tech softness continues US stock indexes slide in late-afternoon trading; oil rises
(DBN)

Here’s why the stock market is spooked by central bankers, Trump agenda delays
(DBN)

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Layoffs:

Colonial Williamsburg Cuts Jobs To Reduce Growing Debt
(DBN)

New York Times copy desk to top editors: ‘You have turned your backs on us’
(DBN)

Robots could dramatically change the nature of retail jobs
(DBN)

Settlement reached in Yadkin Valley Hospital class-action suit over closure and layoffs
(DBN)

Liberty Medical in Port St. Lucie to lay off 263 employees
(DBN)

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Politics:

President Trump angrily lashes out at 'Morning Joe' hosts on Twitter Trump lobs attack at 'low I.Q.' Mika Brzezinski, says she was 'bleeding badly from a face-lift' when she visited Mar-a-Lago One photo throws cold water on Trump's claim that Mika Brzezinski was 'bleeding' at Mar-a-Lago from a face-lift Top Republicans denounce Trump Mika Brzezinski responds to Trump with 'little hands' reference after he posts inflammatory tweet about her 'face-lift' These are the comments 'Morning Joe' host Mika Brzezinski made that apparently led to Trump's 'bleeding face-lift' tweet 'When the president gets hit, he's going to hit back harder' Fox News anchor rips RNC chair for defending Trump attack on Brzezinski 'Not mentally equipped to continue watching our show': 'Morning Joe' co-hosts respond to Trump's attack on Mika Brzezinski
(DBN)

There's reportedly a new name close to Trump in the Russia investigation Russian hackers reportedly discussed how to steal Clinton's emails and transfer them to Michael Flynn Trump has reportedly asked his aides to come up with 'deliverables' he can offer to Putin in their big meeting
(DBN)

As president, Trump attacked the media on Twitter more times than he's tweeted about jobs and the military
(DBN)

Ted Cruz is pushing for an addition to the Senate healthcare bill that could kill it CBO: Senate GOP's healthcare bill projected to get even more devastating for poor Americans over time
(DBN)

Deutsche Bank rejects House Democrats' call for Trump finance details
(DBN)

The Dangerous Simplicity of Donald Trump How Low Can Trump Go? GOP Lawmakers (and Voters) Plead With Trump: Stop Tweeting
(DBN)

Germany has approved €50 million fake news fines for Facebook and Google
(DBN)

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Healthcare:

Trios Health Board Votes to File for Bankruptcy
(DBN)

NY: State investing millions in distressed hospital hoping for a suitor
(DBN)

Here's what state will lose the most from Medicaid cuts in the Senate healthcare bill
(DBN)

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Banking:

Stress tests were good, but be wary of unseen bank risks
(DBN)

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Coal:

Coal's Latest Woe: Even a Clean Coal Plant Won't Burn It
(DBN)

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Travel:

How to Travel Like a Millionaire
(DBN)

Japanese Airline Apologizes After Disabled Man Crawls Aboard
(DBN)

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Celebs:

Abby Lee Miller Desperate & Defensive Before Prison: ‘I’m Not A Criminal Mastermind’
(DBN)

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Electricity:

PUC again rejects NextEra's request for rehearing on Oncor bid
(DBN)

What natural gas prices have done to wholesale power costs
(DBN)

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Compensation:

Paying chief executives with stock was supposed to fix the problem—but it has only made things worse
(DBN)

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Asset Protection:

Colorado Supreme Court Affirms McClure Charging Order Decision And Causes Split With Other States
(DBN)

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Music:

SFX: Bob Sillerman Accused of 'Illegal' Transfer of $6.6M Funds By His Own Company
(DBN)

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Education:

Study: Twenty Percent Of LA Community College Students Are Homeless
(DBN)

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Economy:

Weekly Initial Unemployment Claims increase to 244,000
(DBN)

Trump overrules cabinet, plots global trade war
(DBN)

GDP beats estimates as consumers spend more
(DBN)

US first-quarter GDP growth revised up to 1.4 percent
(DBN)

America's birth rate is at another historic low
(DBN)

Why It's So Hard to Raise Productivity
(DBN)

Trump has left a door to the next global economic crisis wide open
(DBN)

Angela Merkel is on a collision course with Trump ahead of the most fractious G-20 summit in years
(DBN)

NAFTA Lawsuits Target Canada the Most
(DBN)

Trump touts a sweetheart deal that doesn’t put America First
(DBN)

CBO says Congress has until mid-October to raise the debt ceiling and avoid an economic disaster
(DBN)

The deficit is growing more quickly than Congress expected, setting the stage for a debt ceiling crunch
(DBN)

Central Banks: Long Hard Road Back to Normal
(DBN)

It’s been an ugly first half for commodities in 2017
(DBN)

Low-income families spend 40% of their money on luxuries
(DBN)

GE's new Indian factory shows globalization in retreat
(DBN)

Remote Work Is Not About Avoiding the Commute
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Office Vacancy Rate Since 1980 Reis: Office Vacancy Rate "flat" in Q2 at 16.0%
(DBN)

Senate committee takes first steps in making GSE reform a key priority
(DBN)

Ten-X predicts drop in existing home sales
(DBN)

Fannie Mae: Mortgage Serious Delinquency rate declined in May, Lowest since December 2007
(DBN)

Court Accepts $39 Million Settlement Between CFPB and Mortgage Relief Law Firm
(DBN)

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Municipalities:

Puerto Rico Power Utility Creditors Say They Offered $170 Million Loan
(DBN)

Puerto Rico Utility Takes Another Step Toward Bankruptcy
(DBN)

National Takes Action to Extend PREPA Restructuring Support Agreement
(DBN)

Rob Bishop warns Oversight Board is violating PROMESA
(DBN)

'We're not taking sides' in creditor fights: Puerto Rico Governor
(DBN)

Puerto Rico OBoard details its objections to the Prepa settlement
(DBN)

National Takes Action to Extend PREPA Restructuring Support Agreement
(DBN)

Aetna is ditching its Connecticut headquarters for NYC Aetna Will Move Headquarters to New York City, Says Hartford Must Become 'A Vibrant City Once Again' Aetna Makes Good on Plans to Pull HQ Out of Connecticut
(DBN)

Orange Co, Calif. readies final bankruptcy -related debt payment
(DBN)

Illinois Legislature Losing a Voice of Compromise as Budget Standoff Goes to Wire
(DBN)

Trios board votes to pursue Chapter 9 bankruptcy
(DBN)

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Oil/Gas:

Oil set for longest winning streak in 2 months on U.S. output Oil is rallying as it rebounds from last week's 10-month lows Oil Set for Longest Rally This Year as Oversupply Concerns Ease
(DBN)

China, Not Supply, Holds Key to Oil's Next Move
(DBN)

Citi: Oil Prices Have Bottomed And Are Now Set To Soar
(DBN)

Will Central Banks Derail The Shale Boom?
(DBN)

Trump says the Atlantic, Arctic could soon be open to oil drilling
(DBN)

A $20 billion mistake: BHP Billiton chairman laments huge deal in US shale
(DBN)

Crude Slump Wipes $113 Billion From Oil Drillers
(DBN)

Trump vows to 'unleash' American energy but unveils only modest new steps How Trump's 6 energy initiatives will impact the industry
(DBN)

New Saudi Crown Prince a Bumbling Hothead
(DBN)

UAE: OPEC Is Not Discussing Deeper Cuts
(DBN)

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Retailing:

Walgreens is buying Rite Aid's assets for $5.18 billion after the 2 sides terminate their merger Walgreens scraps Rite Aid merger, will instead buy half its stores
(DBN)

Fred's crashes after its plan to buy nearly 1,000 Rite Aid stores is terminated
(DBN)

Staples to Sell for $6.9 Billion, and Its New Owner Has an Uphill Battle
(DBN)

How Grocers Can Survive the Amazon/Whole Foods Takeover
(DBN)

Moody's: US retailer closures negatively affecting some credit cards banks, ABS trusts
(DBN)

Bruce Berkowitz Seeks Return to Glory by Betting on Sears Bruce Berkowitz To Spend Imaginary Fannie, Freddie Winnings Saving Hopeless Retailer
(DBN)

Sears Holdings Bankruptcy Imminent
(DBN)

Supreme Court Case Could Have A Major Impact On Sears Holdings
(DBN)

RadioShack creditors' lawsuit says Sprint killed 6000 jobs
(DBN)

Nike is planning to start selling directly through Amazon
(DBN)

Staples is selling itself for a fraction of its former value Staples investors should take the money from private equity and run
(DBN)

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Media:

Heat Street Is Folding Heat Street Is Folding
(DBN)

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Healthcare :

5 Percent Use Half of Health Care in America
(DBN)

Bankrupt Philadelphia health system receives $10M bid for hospital
(DBN)

Republican Plans for Medicaid Are on the Right Track
(DBN)

Why Medicaid Expansion Could Be Bad News for Poor Americans GOP Bill Slashes Medicaid by 35% by 2035
(DBN)

Why the Senate health care bill is even harsher than it looks, in one chart
(DBN)

If The Future Of Health Care Is Crowdfunding, We’re All In Trouble
(DBN)

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Nuclear:

Ga. utilities prepare to take over embattled nuclear project
(DBN)

India's nuclear plant deal with bankrupt company to be reworked Indian firm to take over construction on Westinghouse nuclear project Not In India’s Interest: Experts on Westinghouse Nuclear Deal
(DBN)

Why The U.S. Is Losing The Nuclear Energy Race
(DBN)

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Museums:

Bankruptcy, sale leave Lenin statue homeless
(DBN)

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Food/Beverage:

Landry's apparently tried to lower Ignite's price
(DBN)

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Corporate Reform:

House Passes Financial CHOICE Act As A Dodd-Frank Fix
(DBN)

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Solar:

Solar Trade Case, With Trump as Arbiter, Could Upend Market
(DBN)

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New Bankruptcy Opinions
(3 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 (28 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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Ch. 13:

Secured Creditor Can't File Late Claim in Chapter 13
(DBN)

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Miscellaneous:

Hughes Hubbard’s 2017 Bankruptcy Mid-Year Review
(DBN)

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Finance:

Refusing to Fund Into a Bankruptcy: Lessons From Lyondell for Lenders
(DBN)

The Cumulus Media Ruling and the Material Adverse Event Default
(DBN)

Creditors of Financial Institutions Beware — Perry v. Mnuchin Marks a Significant Expansion of the Government’s Power to Expropriate
(DBN)

Credit Quality: Up or Down?
(DBN)

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Insurance:

NJ Applies Majority Rule Allowing Free Assignability of Insurance
(DBN)

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Bad Faith:

District Court Affirmed Bad Faith Dismissal of Chapter 7 Petition Where Debtors had $800,000 in Assets and only $40,000 in Debt
(DBN)

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Litigation:

UK Litigation Funder Expands in US After Launch Last Year
(DBN)

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Estoppel:

Equitable Estoppel vs. Right to Amend Schedules
(DBN)

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Fraud:

'He was born this way': Martin Shkreli's lawyer used Lady Gaga lyrics to defend his client Martin Shkreli’s trial shows just how angry people are about drug prices 5 Best Juror Excuses In The Martin Shkreli Case
(DBN)

Bermuda fund pays out $130m in Madoff case
(DBN)

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Autos:

Law Firm Not Liable for $1.5B Loan Gaffe
(DBN)

Takata's bankruptcy is a result of familiar failings Who Would Buy Takata’s Air Bag Business? Drivers Could Be Stuck with Faulty Airbags for Years
(DBN)

There is evidence that Uber is destroying the demand for cars
(DBN)

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Newspapers:

Newspapers continue to be a terrible business and the Wall Street Journal is giving up on paper in Europe
(DBN)

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Telecoms:

Judge Sides With Creditors In Lumenate's Chapter 11 Bankruptcy Filing
(DBN)

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Sovereigns:

The 23 countries with the highest levels of debt to GDP
(DBN)

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UK:

It's 'highly possible' Scotland is heading for a recession and could 'take a sharp turn for the worse' if Brexit goes badly
(DBN)

Consumer confidence is at a 12-month low after the snap election
(DBN)

'British households increasingly turning to credit to make ends meet as finances stretch' Consumer credit continues “relentless” growth
(DBN)

Britain is officially the worst performing major economy on earth right now
(DBN)

At least 12 banks are moving some operations from London to Dublin after Brexit
(DBN)

Ashurst turns the corner with a hike in revenue and profit
(DBN)

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EU:

EU Car Leasing Boom Sets Off Alarms
(DBN)

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PIIGS:

Tsakalotos sings the creditors ' tune on market return and reforms
(DBN)

Pimco, Anchorage Hire Law Firm After Banco Popular Bond Losses
(DBN)

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Canada:

Sears restructuring means no new partner
(DBN)

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MENA:

Dana Gas and an Existential Crisis for Islamic Finance
(DBN)

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India:

India ponders sale of its debt-laden airline Air India warns former employees from speaking against airline on social media IndiGo expresses interest in buying a stake in debt-laden Air India Only the brave will take on Air India, says billionaire For sale: India's loss-making national airline
(DBN)

As bankruptcy proceedings kick off, promoters look to stay in the game
(DBN)

With bankruptcy rules, it won't be easy now to game the system
(DBN)

‘Dispute’ meaning settled for corporate insolvency cases
(DBN)

NCLT to rule on Jyoti Structures insolvency case on Monday
(DBN)

Jindal eyes stressed steel firms’ assets
(DBN)

Operational creditors first in line to use bankruptcy code
(DBN)

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Brazil:

Biggest Oi shareholders approve capital hike plan -paper
(DBN)

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China:

What South Korea’s 1997 Meltdown Can Teach China in 2017
(DBN)

China Hidden Debt Risks Flare as Trading Halt Fuels Worries
(DBN)

China factory growth unexpectedly quickens, but debt risks pressure economy
(DBN)

As credit dries up, China's small firms face shrinking profits, bankruptcies
(DBN)

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Azerbaijan:

New York court rejects IBA creditors’ appeal New York court defeated a claim of creditors of Int’l Bank of Azerbaijan
(DBN)

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Mozambique:

Mozambique creditors : government not bound by loan guarantees Mozambique Bondholders Lay Down Terms Ahead of Restructuring Mozambique Hidden-Debt Companies' Head Defiant After Kroll Probe
(DBN)

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Australia:

The ANZ Bank reportedly lost millions in a fraudulent nickel deal
(DBN)

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