June 9, 2017

The Daily Bankruptcy News

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Law:

Associate Bonus Watch: Which Firm Now Offers Up To $125,000 In Associate Starting Bonuses?
(DBN)

The Law Schools With The Most Graduates Employed In School-Funded Jobs (2016)
(DBN)

Get Ready For The Biglaw ‘Rooney Rule’ As Firms Try To Actually Do Something About Diversity
(DBN)

A Pro Bono Stage of a Different Sort for Weil
(DBN)

Mr. Kellyanne Conway Is His Own Man
(DBN)

Gibson Dunn Adds Partners in Paris to Strengthen its Restructuring Team
(DBN)

Kasowitz's Contradictory Defense of Trump • Marc Kasowitz Takes Break From Partying At Trump Hotel To Talk To The Press • Trump lawyer Kasowitz says president never obstructed Russia probe
(DBN)

Marty Lipton Of Wachtell Lipton: Age 85 And Still Going Strong
(DBN)

Productive v. Busy
(DBN)

3 ways law firms and attorneys can increase their productivity
(DBN)

UK: Slaughters freezes pay, Clifford Chance only matches inflation
(DBN)

Keeping Your Ageism In Check
(DBN)

Columbia Law Website Crashes After Professor Is Identified During James Comey Testimony
(DBN)

Ex-Wife of Fugitive Former Hunton Partner Accused of Lying to Feds
(DBN)

Lawyer Who Killed His Wife Allegedly Attempting To Improperly Influence The Case
(DBN)

3 Big Moments for Attorneys in Comey Hearing
(DBN)

James Comey's testimony hinted at much deeper trouble for Jeff Sessions • The Justice Department and James Comey are telling 2 different stories about what led to Jeff Sessions' Trump-Russia recusal
(DBN)

Trump's "let this go" request is half an obstruction case, some legal observers say • Comey: I took it as an order when Trump told me to drop Flynn investigation
(DBN)

Preet Bharara hits back at Paul Ryan's 'silly' excuse for Trump's missteps
(DBN)

Do you suffer from ‘commoditization blindness’? If others can do your work for less, open your eyes
(DBN)

What Cosby Accusers Have to Endure on Stand • Cosby Trial: Lawyers Go After Accuser
(DBN)

Remembering The First Black Attorney In The U.S.
(DBN)

Norton Rose Fulbright confirms merger talks with Australian law firm Henry Davis York
(DBN)

Prominent lawyer is arraigned on murder charges and accused of trying to influence a judge
(DBN)

How to figure out how much sleep you really need
(DBN)

Scott Turow’s ‘Testimony’ Delves Into The International Criminal Court
(DBN)

Millionaire Pays $50 Fine for Sexual Assault, Journalist May Get 75 Years
(DBN)

Bill Cosby: She Wanted Me, I Couldn't Deny Her
(DBN)

Sticky-fingered Norton Rose secretary changed name to join new firm
(DBN)

Trump's newest travel ban tweets surface in DC case
(DBN)

Man Angry Over Onions On His Food Threatens To Shoot Restaurant Staff
(DBN)

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Judges:

Judge removes photoshopped image of ‘The Rock’ from her campaign website
(DBN)

Trump announces 11 more judicial nominees, including a judge from his SCOTUS list
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Wall Street:

U.S. stocks tipped for more gains as investors weigh up U.K. election results
(DBN)

Stocks close higher
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Layoffs:

North America's oldest company will be cutting 2,000 jobs
(DBN)

Ford Offers Buyouts to 15,000 Employees
(DBN)

Verizon's Yahoo deal closes next week, 2,100 layoffs coming
(DBN)

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Coal:

Scott Pruitt’s Big, Bad Coal Lie
(DBN)

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Corporate Reform:

How House Bill Would Dismantle an Array of Dodd-Frank Reforms • US House advances bill to roll back parts of Dodd-Frank • The House quietly voted to destroy post-financial-crisis Wall Street regulations • Hensarling's Dodd Frank Repeal is Disturbing
(DBN)

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Retailing:

The Hidden Stories Lingering in RadioShack's Bankruptcy Auction
(DBN)

Nordstrom family may take company private • A Nordstrom Buyout? The Lessons of J. Crew and Neiman Loom Large • Nordstrom might struggle for private backing as mall stores lose value
(DBN)

Sears is suing another tool vendor it says is canceling its contract after 50 years • Sears sues second Craftsman supplier as frustrations with key vendors mount
(DBN)

Sears Holdings Corp Stock Has One More Nail in Its Coffin – Real Estate
(DBN)

Moody's: Number of distressed retailers tops total during financial crisis
(DBN)

Retail ETFs Tumble On Macy's Profit Warning
(DBN)

The death of brick-and-mortar retail
(DBN)

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Nuclear:

Toshiba Unaware Its Nuclear Unit Was Preparing for Bankruptcy
(DBN)

Georgia Power, Westinghouse again extend deadline for Vogtle agreement
(DBN)

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Theatre:

33-Year-Old Pearl Theatre Company Closes After Filing For Bankruptcy
(DBN)

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Debt Collection:

CFPB To Intertwine "Right Consumer, Right Amount" Creditor and Debt Collector Rules
(DBN)

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Museums:

Hillsborough County, Jeff Vinik plan to bail out Museum of Science and Industry
(DBN)

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Banking:

More Respect for Big Tobacco Than Wells Fargo
(DBN)

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Autos:

Creditors Line Up Financing to Continue Fight Over GM Loan
(DBN)

US car sales have soared the last 2 years — but the future doesn't look as promising
(DBN)

Calif. Judge to Hear FCA Diesel Case
(DBN)

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Celebs:

'Dance Moms' Star Abby Lee Miller to Start Serving Prison Term at End of June
(DBN)

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Mass Torts:

Pennsylvania House committee puts off vote on asbestos transparency legislation
(DBN)

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Student Debt:

Former Corinthian College Students Await Loan Relief: U.S. States
(DBN)

NJ Assembly Unanimously Passes Student Debt Reform Bill Package
(DBN)

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Economy:

Weekly Initial Unemployment Claims decrease to 245,000
(DBN)

U.S. Household Net Worth Climbs to Record $94.8 Trillion • Fed's Flow of Funds: Household Net Worth increased in Q1
(DBN)

The Fed's Evolving Approach to Raising Rates
(DBN)

Factories Won’t Bring Back the American Dream
(DBN)

Initial Claims, Unemployment Claims, Remain At US Historical Lows
(DBN)

US household wealth ticks up 1.4 percent to $94.8 trillion
(DBN)

The simplest summary of White House economic policy to date is four words long: There is no policy
(DBN)

US Racks Up Massive Natural Gas Trade Surplus with Mexico
(DBN)

Debt-Ceiling Dispute Heats Up as U.S. Tax Receipts Miss Target
(DBN)

Trump's Social Security Stealth Cuts
(DBN)

AAR: Rail Traffic increased in May
(DBN)

Why the majority of small-business owners love Trump's tax plan
(DBN)

Why business owners love Trump but don't plan to create the jobs he wants
(DBN)

The Inconvenient Truth of Consumer Debt
(DBN)

Trump officials quietly scrap Obama-era plan to protect fast food workers
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Homeowner equity soars in first quarter • Homes with Negative Equity Continue to Decline • CoreLogic: "3.1 million Homes were still in negative equity" at end of Q1 2017
(DBN)

The next asset bubble is so big that even the Fed is starting to take note
(DBN)

3 million first-time homebuyers have been shut out of the market
(DBN)

IL: Aspen Court filing for bankruptcy
(DBN)

CA: Trumark Bid Wins Bankrupt Master Plan
(DBN)

Creditors seek to force bankruptcy of Tinley Park firm
(DBN)

Vikki Lindemuth favors appointment of trustee to handle husband’s bankruptcy
(DBN)

Leading Index for Commercial Real Estate Increases in May
(DBN)

Here’s how much you would need to afford rent in your state
(DBN)

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Municipalities:

Puerto Rico is poised to cast a symbolic vote for statehood • Puerto Rico to Vote on Statehood, but the Situation is Messy • Debt Crisis Gives Urgency to Puerto Rico's Coming Statehood Vote
(DBN)

The Bankers Behind Puerto Rico's Debt Crisis
(DBN)

Puerto Rico's Illness Is Threatening To Become A National Epidemic
(DBN)

For Hartford, bankruptcy not an easy way out
(DBN)

IL: Property Taxes Hurt Poor, Help the Rich
(DBN)

Chicago Public Schools Bets On Market To Forestall The Inevitable
(DBN)

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Oil/Gas:

Adjusting to smaller role, banks lending again to US drillers
(DBN)

Moody's upgrades BP's credit rating for first time in 19 years
(DBN)

Three reasons for crude's biggest tumble since March
(DBN)

Oil's plunge hints at broader market signal: slow down, shale drillers
(DBN)

Is $50 Oil Still Realistic?
(DBN)

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Healthcare:

Dallas hospital files for bankruptcy 3 years after opening
(DBN)

Illinois Ordered to Negotiate Over $2 Billion Medicaid Debt
(DBN)

Trump's Obamacare Crisis
(DBN)

Should Everyone Be Able To Join Medicaid? Why Not?
(DBN)

Obamacare insurers abandon two counties in Washington, commissioner blames Trump administration
(DBN)

Why a Top Republican Wants to Keep Paying the Obamacare Insurers
(DBN)

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Food/Beverage:

Marsh says it has 'numerous' bidders • Marsh Goes To Auction Monday After Sale Attracts Multiple Buyers
(DBN)

Restaurant stocks have exploded since election
(DBN)

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Bankruptcy Crimes:

Harrisburg, IL woman sentenced for bankruptcy fraud
(DBN)

Former Pepperell businessman sentenced for concealing $3-4M in funds
(DBN)

Snowmobile-fleeing fugitive jailed on bankruptcy fraud
(DBN)

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Politics:

Comey Blew Apart GOP Talking Point on Trump and Russia • 18 Revelations From Comey's Testimony • Comey Threw Bill Clinton Under the Bus Too • Comey: Key Takeaways • Here’s the Part of Comey’s Testimony That Could Come Back to Haunt Him • White House: The President is Not a Liar • Why Intel Chiefs Stonewalled Congress • 6 Legal Experts: Did Trump Obstruct Justice? • There are many questions that James Comey may answer in his Senate testimony, but the broad outlines of Trump’s conduct are clear • Comey thought leaking memo describing Trump meeting could spur special counsel appointment • Comey Testimony Is BURYING Jeff Sessions • Here's the biggest takeaway from James Comey's bombshell testimony to Congress • Chuck Schumer dares Trump: Show us the tapes, or admit they don't exist • Comey says New York Times story about contacts between Russians and Trump campaign officials was inaccurate • Trump's lawyer attacks Comey for leaking private memos, suggests he lied under oath • People were left utterly confused by Sen. John McCain's bizarre questioning of James Comey • John McCain addresses bizarre Comey questioning: Maybe I shouldn't 'stay up late watching the Diamondbacks night games' • Why is Donald Trump so eager to protect Mike Flynn? • Long shot chances of Trump impeachment don't improve after Comey testimony • There's a Reason Republican Senators Weren't Smiling • 'A very damaging day for President Trump' • Comey: Lynch Tried to Protect Clinton Image
(DBN)

Trump’s not the only one blocking constituents on Twitter
(DBN)

White House: Fear Then Relief About Comey
(DBN)

Anti-Muslim Hate March in 30 US Cities Sat.
(DBN)

Deutsche Bank Won't Disclose Trump Dealings
(DBN)

What the UK election result means for Trump and the US
(DBN)

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Aviation:

Air Traffic Control Privatization a Good Idea?
(DBN)

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Debt Collection:

Jury imposes $25 million in civil penalties against Houston debt buyer
(DBN)

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Solar:

Residential Solar Installer and Sales Firm American Solar Direct Is Bankrupt
(DBN)

Trump is wrong: Clean energy is great for the U.S. economy
(DBN)

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Distressed Investing:

Turnaround Executive Lynn Tilton to Testify About Failed Ambulance Company
(DBN)

Tilton asks SEC to stay her case pending DC Circuit ruling
(DBN)

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New Bankruptcy Opinions
(10 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (18 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (14 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:

Farm Bankruptcies Are Scarce In Corn Belt, Study Finds
(DBN)

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Jurisdiction:

Bankruptcy Court Exercises Jurisdiction Over Foreign Defendant Based on Consent to Jurisdiction Clauses in Loan Agreement and DIP Order.
(DBN)

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Structured Dismissal:

Post-'Jevic,' Expansive Interpretation by Bankruptcy Courts Possible
(DBN)

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Cross-Border:

Foreign-based Companies Considering a U.S. Chapter 11: What You Need To Know
(DBN)

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History:

A History of Ancient Bankruptcy Laws
(DBN)

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Fiduciary Duty:

Insolvency at Its Limits: What Management and Creditors of Insolvent LLCs and LPs Should Know About Fiduciary Duties Waivers and Standing, Inside and Outside of Bankruptcy
(DBN)

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Proofs of Claim:

Debt Collectors Win in Supreme Court Opinion on FDCPA
(DBN)

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Corporate Governance:

Playing the Blame Game: Fiduciary Duty Litigation in Bankruptcy Proceedings
(DBN)

Chancery Clarifies Distinction Between Defective Corporate Acts and Unauthorized Corporate Acts
(DBN)

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Media:

Breitbart Lost 90% of Its Advertisers
(DBN)

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Tax:

US Walks Out On Accord To Combat Global Corporate Tax Evasion
(DBN)

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Sovereigns:

US judge reassigns last few cases in Argentina debt saga
(DBN)

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UK:

The pound is plunging after the exit poll showed Britain is heading for a hung parliament • UK Election: What a Hung Parliament Means for Brexit • It's A Hung Parliament And Theresa May Is Reportedly Talking To The DUP To Form A Coalition • Citi: We expect May to resign • Here's how the City of London is reacting to Theresa May's shock failure to win a majority • Businesses want politicians to 'get their house in order' after Theresa May's election gamble backfires • Theresa May will refuse to stand down despite losing her majority in parliament • UBS: Britain's hung parliament could spell even more trouble for the economy • May Left Reeling as Youth Flex Muscles • What is a hung parliament — and what happens next now the U.K has one?
(DBN)

British Pound Plunges After Election Results
(DBN)

The EU looks set to reject the UK if it tries to call a Brexit timeout • After U.K. election shocker, Brexit looks ‘surely in trouble now’ • U.K. needs to form new government before Brexit talks begin: EU official
(DBN)

UK firms on alert as lawyers caught in Qatar siege
(DBN)

UK: BLM in mass axing of secretaries
(DBN)

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PIIGS:

IMF Weighs Greek Loan That Would Release Funds After Debt Relief • Washington is country's 'only genuine ally,' Kammenos says • Greek PM calls for EU investments to break debt deadlock • Time to Proceed to the Disbursement of the Next Tranche to Greece, Dombrovskis Says
(DBN)

EU in stronger position to tackle Italy after Spain bank rescue -source
(DBN)

Emergency funds failed to save Banco Popular from death spiral • When the Hunt for Yield Turns Sour, This Is What It Looks Like
(DBN)

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Canada:

Pemberton Music Festival lost millions each year: bankruptcy trustee
(DBN)

Examining the Corporate Shell Game behind Pemberton’s Cancellation
(DBN)

Canadians have more debt than ever, but fewer are going bankrupt
(DBN)

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Hong Kong:

Banks reduce loan exposure to Noble Group
(DBN)

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MENA:

How was Israeli ‘tycoon’ allowed to rack up $1.13b debt to the banks? One word, say critics: Corruption
(DBN)

Bank Hapoalim board officially seeks bankruptcy for Fishman
(DBN)

The Real Story Behind Qatar's Economic Crisis
(DBN)

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Aruba:

Court declares Dutch Caribbean carrier InselAir Aruba bankrupt • InselAir Aruba declared bankrupt
(DBN)

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Brazil:

Brazil’s Enormously High Interest Rates Cause Serious, Unnecessary Damage to the Economy
(DBN)

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BVI:

The company’s property – litigation funding and insolvent companies
(DBN)

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Latvia:

High-profile insolvency administrators, financier detained in Latvia
(DBN)

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Jamaica:

Few take shelter under new insolvency law
(DBN)

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Australia:

Time on the side of liquidators: Unfair preferences have become ‘fair’ for preference payments
(DBN)

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India:

Redefining "Dispute" And "Existence Of Dispute" Under The Insolvency And Bankruptcy Code, 2016.
(DBN)

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Germany:

Germany says backing Air Berlin depends on sustainable business model
(DBN)

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