June 8, 2017

The Daily Bankruptcy News

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Law:

New report finds corporate legal departments are awash in work and concerned about costs Legal Departments See More Operations Staff, Emphasis on Predictive Reporting
(DBN)

Ex- bankruptcy attorney admits to stealing $3.4M from clients Woodbridge Attorney Stole Millions From Clients: U.S. Attorney
(DBN)

White & Case Bankruptcy Group Grows on Junior Creditor, Brazil Work
(DBN)

Law Firms Adopt Policy to Promote Women and Minorities
(DBN)

Entry-level law salaries rise at largest firms
(DBN)

Want to expand access to justice? Offer tiered training and differing practice licenses, profs say
(DBN)

The ABA Is Giving Us A New Law School
(DBN)

UK firm trying out new software to predict cost, length and even outcome of insurance cases
(DBN)

Prosecutors say ex-wife of attorney who was on the lam for 20 years lied about not knowing where he was
(DBN)

Lawyer Ghosted After Pleading Guilty To Fraud
(DBN)

The most important step to winning a negotiation is the opposite of what most people learn
(DBN)

Litigation Finance Firm Offers Revolutionary Program For Women Lawyers With Families
(DBN)

The iPad is about to become a multitasking powerhouse
(DBN)

King & Spalding partner named as new FBI chief What You Need To Know About Christopher Wray, Donald Trump's New FBI Director Pick Donald Trump's new FBI director pick has Russian ties of his own Lawyer That Kept Christie Out of Jail Nominated for FBI Chief
(DBN)

Trump taps BigLaw lawyers for administration posts
(DBN)

Sessions allies angry about Spicer refusing to defend him Trump aides tell him to keep Sessions as US attorney general: Sources
(DBN)

Attorneys' paranoia that jurors are biased against them causes them to settle cases they should fight, experts say
(DBN)

NJ attorney suspended after years of harassment and stalking of former employee:
(DBN)

Legal startup grades lawyers on DUI case success
(DBN)

Bill Cosby’s accuser testifies he gave her three blue pills before assault
(DBN)

Lawyer Becomes Cloistered Nun To Pay Off Her Law School Debt
(DBN)

The Financial Trifecta: How To Deal With Student Loans, Retirement Savings, And A Mortgage
(DBN)

Retired bankruptcy attorney suspended from bar for using information against client
(DBN)

A 15,000-member lawyers' convention left Texas over the state's controversial new immigration law
(DBN)

SCOTUS Questions Asset Forfeiture Power
(DBN)

Does Anyone Care About Their Reputation?
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Judges:

Prosecutors stand by indictment of Chicago judge accused of mortgage fraud
(DBN)

Already short-staffed Florida federal court district now looking at 4th vacancy:
(DBN)

Trump taps 11 for federal bench, including 3 to appeals courts The Latest Legal Luminaries Nominated For Federal Judgeships By President Trump
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Wall Street:

U.S. stock futures edge cautiously higher on ‘Triple Threat Thursday’ Futures point to higher open, as Wall Street awaits Comey testimony
(DBN)

Banks lead US stocks slightly higher; oil slumps
(DBN)

This $160 billion fund manager sees six red flags flying over the markets
(DBN)

This heatmap shows which U.S. stock sectors are hot, and which are not, right now
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Bill Gross warns U.S. market risk is at highest since 2008 crisis
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Layoffs:

AOL + Yahoo - up to 1,000 Layoffs
(DBN)

Lowe’s lays off over 120 tech workers, will send jobs to India
(DBN)

MedStar Washington Hospital Center lays off 100 employees
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Food/Beverage:

Ignite Restaurant Group Fires Up Chapter 11 Bankruptcy Case
(DBN)

Marsh creditors reviewing "numerous" bids for closed supermarkets
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Politics:

James Clapper: Russia Investigation Worse Than Watergate Trump says he feels 'completely and totally vindicated' after Comey's testimony Comey Finally Backs Trump's Account, Too Late to Help Trump Trump demanded 'loyalty,' asked for end to Flynn investigation, Comey to testify For Trump, Loyalty is Everything James Comey Finally Tells His Side of the Story Comey told Trump 3 times that he wasn't under investigation, but his refusal to say so publicly infuriated Trump Comey: Trump asked me for my loyalty, and then we looked at each other in 'awkward silence' Comey's full opening statement on Trump Comey never created written memos from meetings with Obama, but says he felt compelled to with Trump The 5 key details from Comey's prepared statement Comey: Trump insisted he had never been involved with Russian ‘h------’ Intel Chiefs Dodge Questions on Alleged Trump Interference in Russia Investigation 'What you feel isn't relevant': Senators grill top intel officials about whether Trump pressured them to ease off Russia probe Coats, McCabe decline to answer whether Trump has intervened in FBI probe Top senator engages in heated back-and-forth with intel chiefs who refused to answer questions on their conversations with Trump ‘Your unwillingness speaks volumes’: Senator rattles intel officials for stonewalling on Trump Democrats Once Had Only Contempt for James Comey. But That Was Then. Comey’s juicy Trump account leaves some big questions unanswered
(DBN)

Elizabeth Warren Is Getting Her Own Action Figure
(DBN)

Hillary Clinton's Very Public Slow Motion Breakdown Over Losing
(DBN)

From rust belt to mill towns: a tale of two voter revolts
(DBN)

Trump's approval rating has fallen to a record low
(DBN)

Forbes: Problems with Eric Trump Foundation Eric Trump: Democrats Aren't Even People
(DBN)

Lobbyists, Industry Lawyers Were Granted Ethics Waivers to Work in Trump Administration
(DBN)

Texas Democrat plans to file for impeachment against Trump
(DBN)

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Healthcare:

New Jersey firm wins auction bid for Folts
(DBN)

Drug deaths in America are rising faster than ever before, and show no signs of slowing down Overdoses Leading Cause of Death Under 50
(DBN)

Here’s why a quarter of American families are skipping their doctor visits
(DBN)

Anthem's exit from Ohio could signal a tidal wave of terrible news for Obamacare
(DBN)

Court approves Halt Medical’s bankruptcy sale
(DBN)

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Retailing:

Struggling Retail Chains Shop for Lawyers
(DBN)

Here's a map of all the Sears and Kmart stores that are closing this year
(DBN)

Bebe Inks Deals to Sell Distribution Center, Inventory
(DBN)

Did Your Favorite Store Close?: Dearly Departed
(DBN)

Gymboree Might Be Growing Into Bankruptcy, but Not These Two Rivals in the Mall
(DBN)

Empty storefronts litter the World Trade Center mall one year after its grand opening
(DBN)

Mickey Drexler Isn't J. Crew's Biggest Problem. Greed Is.
(DBN)

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Corporate Governance:

The number of women CEOs in the Fortune 500 is at an all-time high — of 32
(DBN)

Why Men Still Dominate Corporate Boardrooms
(DBN)

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Economy:

Most in Europe, U.S. think economy will be worse for their children
(DBN)

Fed shouldn’t hike in June — and should grow, not cut, balance sheet: Kocherlakota
(DBN)

Prime Working-Age Population near 2007 Peak
(DBN)

For workers, this economy could be as good as it gets
(DBN)

Fortune reveals America's top 500 companies Why the Fortune 500 Is Rebel Territory
(DBN)

US sugar producers reluctant to embrace new Mexico deal touted by Trump admin:
(DBN)

Trump's massive infrastructure push is missing something significant — an actual plan
(DBN)

Private Toll Owners Salivate Over Trump Plan
(DBN)

Trump's Solar-Powered Border Wall Is More Than a Troll If you thought getting Mexico to pay for the wall couldn’t get weirder, you were wrong
(DBN)

Trump made a critical decision in the upcoming debt ceiling fight
(DBN)

Why House leaders aren’t giving up on a border tax Prospect of a Border Tax is Driving Retailers BATty
(DBN)

Trump's 'bark has been worse than his bite' when it comes to trade
(DBN)

Jamie Dimon says millions of men missing from labor market is big problem for economy
(DBN)

Decades of research shows most people quit their job for the same reason — but employers don't seem to realize
(DBN)

CBO says Dodd-Frank rollback would shave $33.6bn from US budget deficit
(DBN)

How an aging population will affect the global economy
(DBN)

DeVos Defends $9 Billion in Education Cuts DeVos' Painful Appearance Before Congress
(DBN)

The National Debt Is a Bigger Problem Than You Think
(DBN)

US Debt Clock
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World Debt Clock
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Real Estate:

Zillow Forecast: "Zillow’s April Case-Shiller forecast expects growth of 5.6 percent in the national index"
(DBN)

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

Company Developing Sacramento Riverfront Property Files for Bankruptcy
(DBN)

Project HOME and bankrupt NPHS in deal that could salvage housing
(DBN)

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Municipalities:

Muni Bond Expert On Puerto Rico: 'It's Going To Be More Than A Haircut'
(DBN)

Puerto Rico Universities Open as Students Vote to End Anti-Austerity Strike
(DBN)

Puerto Rico Bond Traders Still Find Buyers Despite Epic Collapse
(DBN)

What You Need to Know About Puerto Rico's Plebiscite
(DBN)

Puerto Rico, a US cousin, mulls its status and identity
(DBN)

Stephanie Murphy on Puerto Rico plebiscite “I personally hope they choose statehood”
(DBN)

Illinois Bondholders Stand Pat as State Veers Toward Cut to Junk
(DBN)

Connecticut Up to Its Neck in Red Ink
(DBN)

Kansas Legislature Overrides Brownback Veto Kansas Republicans raise taxes, ending their GOP governor’s ‘real live experiment’ in conservative policy
(DBN)

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Oil/Gas:

Weds.: Oil is getting demolished Unexpected jump in US oil supply hammers prices Oil dives 5% on surprise build in US crude, gasoline stocks Oil crawls off one-month lows, but supply gloom caps gains
(DBN)

JP Morgan Slashes Its 2018 Oil Price Forecast By $11
(DBN)

Troubled bank loans in oil-rich states improve amid higher prices
(DBN)

Texas Oil And Gas Exports Are Booming
(DBN)

US Jobs Report: Oil, Gas Jobs Continue to Increase
(DBN)

Is Russia Running Out Of Patience With OPEC?
(DBN)

How Oil Tech Saved This Permian Town Saudi America - How New Tech Is Creating Another Oil Boom
(DBN)

Where Houston companies ranked on the 2017 Fortune 500 list
(DBN)

Why the Qatar feud is a nightmare for natural gas importers Abu Dhabi port eases restrictions on oil tankers going to and from Qatar
(DBN)

Digging the Graveyard of Oil's Past
(DBN)

Paragon Offshore Announces Confirmation of Restructuring Plan
(DBN)

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Maritime:

ISH to emerge from bankruptcy as Seacor subsidiary
(DBN)

The State of Global Shipping in Three Charts
(DBN)

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Alternative Energy:

Bankruptcy Court Clears Way For Brookfield to Acquire Yieldcos from SunEdison Inc
(DBN)

Home Solar Installers Dropping Like Flies: Another Solar Company Files for Bankruptcy
(DBN)

How Solar and Wind Got So Cheap, So Fast
(DBN)

A Journey to the Center of the Solar Industry
(DBN)

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Taxis:

Cab Industry May Soon Be Extinct Chicago cab report shows fast-approaching demise at hands of Uber and Lyft Uber and Lyft are destroying Chicago's cab drivers
(DBN)

‘Taxi King’ of New York City failed to pay state $5M in surcharges, attorney general says
(DBN)

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Television:

‘Shell shocked’ Fox News is like a ghost town as ratings fall and future looks uncertain
(DBN)

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Banking:

Wells Fargo focuses on pivot—from scandal to growth
(DBN)

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Aviation:

Low-cost airlines are attacking major carriers' most lucrative markets
(DBN)

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Theatre:

Theater company files for bankruptcy amid rising costs, rent
(DBN)

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Corporate Reform:

House Set to Pass Bill Rolling Back Wall Street Rules
(DBN)

How the Financial Choice Act Hurts Americans Report: Financial CHOICE Act Would Harm Servicemembers
(DBN)

Office of Inspector General Identifies Weaknesses in CFPB’s Handling of Confidential Investigative Information
(DBN)

U.S. House to vote on bill that would eliminate proposed predatory loan protections
(DBN)

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Bankruptcy Crimes:

Man who fled to Canada on snowmobile gets 18 months in bankruptcy fraud case
(DBN)

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Student Debt:

Betsy DeVos: Student loan debt is 'of grave concern'
(DBN)

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New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (17 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (205 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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TBTF:

Like expensive bank bailouts? You’ll love Republicans’ Financial CHOICE Act.
(DBN)

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Bankruptcy Rules:

BK CD CA: Request For Comments On Proposed Local Bankruptcy Rules Amendments Proposed Amended Local Rules
(DBN)

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Make-Whole:

Third Circuit Sides With Creditors in EFIH Make-Whole Dispute
(DBN)

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Sales:

Free and Clear Sales: There’s This Little Thing Called Due Process
(DBN)

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Committees:

Creditors Committee Suing on Behalf of Estates Is Unable to Invade Debtors’ Attorney-Client Privilege Without a Showing of Insolvency
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Litigation:

The Realities of Arbitration
(DBN)

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Jurisdiction:

Non-Article III Adjudication: Bankruptcy and Nonbankruptcy, with and Without Litigant Consent
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Tax:

72 countries sign treaty to crack down on tax avoidance by banks and businesses
(DBN)

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Radio:

Ottley Communications files for bankruptcy relief
(DBN)

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Education:

Top 200 universities in the world 2018
(DBN)

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Autos:

GM Ruling Shows Bankruptcy May Not Erase Duty To Warn
(DBN)

New GM can face defect claims not related to ignition switches, judge says:
(DBN)

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Travel:

TSA Harassing Fliers Turned into a Fine Art
(DBN)

US might expand laptop ban to 71 airports
(DBN)

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Coal:

Coal Jobs Matter a Lot ... in Coal Country
(DBN)

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Electricity:

Texas Rejects NextEra's Second Attempt at Oncor Takeover
(DBN)

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Fraud:

The Whistleblower Behind Caterpillar’s Massive Tax Headache Could Make $600 Million
(DBN)

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UK:

Why Britain’s election matters beyond its shores General election 2017: Britain goes to the polls to vote for its new government Why the UK election matters to the US
(DBN)

Partners back May to win as they predict tough times ahead
(DBN)

The collapse of BHS cost Sir Philip Green's retail empire £26.4 million
(DBN)

Two former Rangers execs could still face the music after Craig Whyte's fraud trial acquittal
(DBN)

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EU:

Europe (Finally) Shows How to Deal With a Failing Bank
(DBN)

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PIIGS:

98% Of Greeks Consider Their Economic Situation As "Bad", Survey Says

Greece's Creditors Undermine Reform
(DBN)

EU's Moscovici says Greece's creditors 'shouldn't play with fire'
(DBN)

Greek unemployment falls to 22.5% - lowest since 2012
(DBN)

Greek Government to ‘Freeze’ Pensions Until 2022, as Creditors Require
(DBN)

Greek PM Tsipras: 'Greece Was Given the Wrong Medicine'
(DBN)

Wind-down of Veneto banks would cost other lenders 11 billion euros: sources
(DBN)

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Canada:

Minimum wage hike won't bankrupt the economy
(DBN)

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MENA:

Qatar is falling into a socioeconomic death spiral Qatar Airways Ambitions Threatened by Gulf Diplomatic Breakdown Confidence in Qatar's state finances has been shaken by its diplomatic row Trump calls Qatar leader after accusing the country of 'funding extremism' FBI: Russia Planted Fake News on Qatar Officials Scramble to Limit US-Qatar Damage Qatar Counts Cost Of Economic Standoff With Saudi Arabia And UAE
(DBN)

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Ukraine:

Deposit Guarantee Fund this week plans to sell insolvent banks’ worth UAH 5.93 bln
(DBN)

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India:

Interpretation Of The Provisions Of The Insolvency And Bankruptcy Code
(DBN)

RBI has identified large stressed accounts for resolution
(DBN)

In Air India sell-off bid, banks and oil companies may be ultimate losers
(DBN)

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Hong Kong:

Short-sellers gather in Hong Kong to unveil latest targets
(DBN)

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Netherlands:

Dutch childcare institutions fear new bankruptcy crisis: report
(DBN)

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Czech Republic:

New Developments in Czech Insolvency Law
(DBN)

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