March 10, 2017

The Daily Bankruptcy News

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Law:

A Peek Inside Sullivan & Cromwell Partner Pay
(DBN)

Senate panel backs Trump nominee to be ambassador to Israel
(DBN)

A Star Witness Returns for Dewey & LeBoeuf Retrial
(DBN)

A Litigation Finance Ethics Primer
(DBN)

Three Firms Admit to Overbilling, Agree to Pay $2M for Probe of Bills
(DBN)

In House: I Don’t Care What The Law Says, Fix It!
(DBN)

After Partner Split, Schiff Hardin's Revenue Tumbles
(DBN)

Amid Hiring Spree, An Up-and-Down Year at Orrick
(DBN)

100 lawyers and staff expected to leave Ropes & Gray in restructuring
(DBN)

Lawyers are turning to botox to hide their emotions and make them look more serious
(DBN)

7 productivity apps every professional should download
(DBN)

6 Tips For Lawyers On Maintaining A Positive Outlook
(DBN)

Another State Adopts Duty of Technology Competence — And Canada May Also
(DBN)

Harvard Will Make It Easier For People Who Won’t Get Into Harvard To Be Taken Advantage Of
(DBN)

UK: Firm of the Year 2017: The best firms for work/life balance The worst firms for work/life balance
(DBN)

Better Client Communication: Technology And Tips For The 21st Century Lawyer
(DBN)

House passes bill to curb class action lawsuits
(DBN)

Washington AG asking federal judge to apply TRO to new travel ban order
(DBN)

Goldman Sachs Lawyer On Joining Cadwalader Immigration Clinic
(DBN)

Lawyer’s pants catch fire during arson trial Arson Trial Ends With Lawyer’s Pants On Fire — Not A Metaphor, His Pants Caught Fire
(DBN)

Dodgy lawyer who gambled $1.46m client cash “pressed the sod it button”
(DBN)

Examining Two Legal Shows – ‘How To Get Away With Murder’ And ‘Suits’ – For The Price Of One
(DBN)

Smelly Workplace? A Case Of ‘Extreme Gas’
(DBN)

Nixon’s White House Counsel Thinks Trump Is Acting Like A 7-Year-Old
(DBN)

Trump’s lawyer scrambled after Conway plugged Ivanka clothing, emails show Ethics Chief Slams White House Over Conway
(DBN)

Hurry! Send Your Resume to the White House!
(DBN)

Appeals Court: Ben Affleck's 'The Town' Didn't Prejudice Bank Robbery Trial
(DBN)

With 'Eyes Wide Open,' Blind Lawyer Recounts SCOTUS Clerkship, Unhappy Law Firm Life
(DBN)

Cops Try to Bully Uber Driver, Find Out He's a Lawyer Who Actually Knows His Rights
(DBN)

MO: Poor Wait Months in Jail for Lawyers
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Judges:

US Judges Export Bankruptcy Knowledge
(DBN)

ABA rates Supreme Court nominee Neil Gorsuch ‘well qualified’ Gorsuch could set back special-education law if confirmed to SCOTUS, report alleges DOJ sends 144,000 pages of Gorsuch documents to Senate Gorsuch on abortion, religion and reproductive rights Neil Gorsuch Recused in More Than 1,000 Cases as Tenth Circuit Judge
(DBN)

Holy cats! Posner makes feline comparison in eye-drops class action
(DBN)

Assassination Attempts And The Supreme Court
(DBN)

‘Knees together’ judge says he will resign from the bench
(DBN)

Trump administration sends judges to immigration detention centers: sources
(DBN)

New Travel Ban Can't Stop Talking About the First
(DBN)

Man to Judge: Don't Need a Lecture From You
(DBN)

Judges Highlighted for Women’s History Month
(DBN)

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Wall Street:

Wall Street stocks hint at a stronger open as investors ready for jobs data
(DBN)

Stocks close mostly flat as Wall Street awaits Friday's jobs report Stocks Close Mixed
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Layoffs:

US job cuts fall 19% amid hiring surge: Challenger report
(DBN)

How low are layoffs? Lowest since Vietnam war
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Hershey job cuts draw bitter remark from TV’s Seth Meyers
(DBN)

Technology will destroy millions of American jobs
(DBN)

Alorica to close North Sioux City call center in May; 260 jobs eliminated
(DBN)

National and State by State Unemployment Rates
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Animated Map of Unemployment
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Healthcare:

Top Republican senator says the GOP should just 'start over' on Obamacare replacement Trump's Big Health-Care Gamble Is the Republican Health Care Bill Headed for a Do-Over? Fox host slams GOP health care bill: ‘Insurance companies’ get a better deal than ‘the American people’ Democrats are trying to use the Obamacare replacement bill to force Trump to release his tax returns Mark Cuban fires his opening salvo at attempting to fix Obamacare Trump tells conservatives he’ll blame Democrats if Trumpcare goes down in flames: report What the GOP could have learned from Obamacare 30 million Americans could get hit with health insurance lapse penalty in GOP Obamacare replacement The cost of being uninsured would rise for many Americans under GOP's health plan The Republican Health Care Crackup Obamacare vs. the Republican plan — for those thinking of skipping health insurance Health Care Reform a Dead End for the GOP The Republican health-care bill threatens Trump's voters
(DBN)

Some huge insurers are also skeptical of the GOP's Obamacare replacement
(DBN)

Cleveland Clinic CEO: Here's what I don't like about the GOP plan to replace Obamacare Republicans Indifferent About Lack of Doctor, Hospital Support for Health Bill
(DBN)

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Retailing:

Staples to Close 70 Stores in North America Staples sinks after missing on earnings and revenue
(DBN)

Sears loss narrows in the fourth quarter, but revenues continue to erode Sears reports wider fourth-quarter loss
(DBN)

We visited a RadioShack in NYC and saw why hundreds of stores are closing RadioShack turns to bankruptcy for second time in 2 years, blames Sprint RadioShack Wants To Close Somewhere Between 530 And All Of Its Stores
(DBN)

Macy's just signaled the end of department stores as we know them
(DBN)

11 retailers still thriving as Amazon threatens on all fronts
(DBN)

The Retail Bubble is Bursting
(DBN)

Outdoors store closes after almost half a century
(DBN)

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Climate:

EPA chief Scott Pruitt says carbon dioxide is not a primary contributor to global warming
(DBN)

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Personal Finance:

More turn to crowdfunding to help deal with unexpected debts
(DBN)

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Hollywood:

Treasury Secretary Steven Mnuchin Wants Out of Relativity Fraud Suit
(DBN)

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Travel:

An airline passenger made a scene over a $12 blanket — and the pilot diverted the plane
(DBN)

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Debt Collection:

FDCPA Case law Review for February 2017
(DBN)

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Aviation:

CHC Group Plan of Reorganization Confirmed by Court
(DBN)

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Economy:

U.S. Jobless Claims Rebounded Last Week From Four-Decade Low Weekly Initial Unemployment Claims increase to 243,000 US weekly jobless claims total 243,000 vs 235,000 estimate
(DBN)

First Trump-era jobs report is on tap — what to watch
(DBN)

Less Than Half of Americans Have Good Jobs
(DBN)

The Trump Scoreboard: Track the markets and economy under Trump in one graphic
(DBN)

ADP says February was third-best month of jobs growth of the recovery
(DBN)

The US economy is growing at its slowest pace since the financial crisis
(DBN)

Fed's Flow of Funds: Household Net Worth increased in Q4
(DBN)

Trump's Plan to Bring Back Manufacturing Isn't Crazy
(DBN)

US import prices rose 0.2% in Feb vs. 0.1% increase expected

Bill Gross: 'Our highly levered financial system is like a truckload of nitro glycerin on a bumpy road' Bill Gross: Beware of the 'Trump mirage' Bill Gross says another credit crisis could be just around the corner `Goldilocks' Yellen Faces Tightrope With Record Debt: Gross
(DBN)

Albert Edwards: The Fed is about to cause a bond market 'bloodbath' Uber-bear Albert Edwards warns the Fed is about to sow ‘seeds of destruction’
(DBN)

The US will need to invest more than $4.5 trillion by 2025 to fix its failing infrastructure U.S. gets a near-failing grade for infrastructure America's school facilities get a near-failing grade
(DBN)

Economic growth expectations are starting to come down
(DBN)

Trump's 'skinny budget' might be dead on arrival
(DBN)

The 15 best states for landing a job
(DBN)

A new theory for the productivity slowdown — illegal immigrants
(DBN)

Canada steps up campaign against possible US border tax
(DBN)

Mexico Lays Out Timetable for NAFTA Talks
(DBN)

Growing Signs of Trouble for the Border Wall McConnell: Mexico Won't Pay for Trump's Wall
(DBN)

Dealers Urge Congress to Reject Border Tax
(DBN)

Trump told Mnuchin he wants deregulation done in six months, sources say
(DBN)

This is what it's like working with 'businessman Trump,' Dow Chemical CEO says
(DBN)

Regulations have 'really impeded our ability to loan,' bank CEO says
(DBN)

Plan to Overhaul Tax Code in Deep Trouble
(DBN)

Trump Promised to Eliminate Nat'l Debt Too Trump Will Have a Hard Time Eliminating National Debt
(DBN)

Major US Corporations That Paid No Taxes
(DBN)

Hawaii has the second-highest consumer debt in the nation
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

CoreLogic: "1 million borrowers moved out of negative equity during 2016"
(DBN)

New York's rental market is entering a 'slow grind'
(DBN)

30-year mortgage rate reaches new high for the year
(DBN)

This is What Our Presidents Have Done to Our Home-Owning Dream
(DBN)

Home Flippers Are Now Making More Money Than Ever
(DBN)

National Home Equity Distribution by LTV Segment, Q3 v. Q4 2016
(DBN)

Fourth Circuit Hands Victory to Lenders in Chapter 13 Mortgage Case
(DBN)

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Municipalities:

Puerto Rico Board Rejects Governor's Plan to End Debt Crisis
(DBN)

Puerto Rico oversight board recommends emergency fiscal measures
(DBN)

Declare Bankruptcy in Puerto Rico
(DBN)

Puerto Rico lawmakers seek support for local bondholders
(DBN)

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Oil/Gas:

'Lower For Longer' Oil Prices , Industry Finances And Growth
(DBN)

Thomas H. Kee Jr.: Falling oil prices could torpedo Trump’s promise to create jobs
(DBN)

US oil rises after dropping below $50 for first time since December
(DBN)

This is where the real risk for oil prices kicks in
(DBN)

Saudis to US oil firms: Don’t expect OPEC cuts to offset rising shale output Reuters
(DBN)

Oil prices back under pressure with WTI falling below $49 Crude Oil Inventories Reach a Record High, Oil Prices Hit a 14-week Low Oil breaks below $49 a barrel for first time this year with sudden selloff Oil bulls wave the white flag, triggering the biggest rout in a year Oil Prices Continue Plunging As Speculators Rush For The Exit
(DBN)

U.S. Shale Kills Off The Oil Price Rally “No Free Rides,” Say Saudi Officials to US Shale
(DBN)

What Does OPEC Do Next? What Does OPEC Do Next?
(DBN)

Offshore Drilling In Deep Trouble As Oil Dives Lower
(DBN)

Oil Traders Are Having Some Fun Again as Price Bubble Bursts
(DBN)

Oil is heading to $42 after speculators throw in the towel, says longtime bear John Kilduff
(DBN)

This what US oil and gas drillers really think about Trump's policies
(DBN)

Chaparral Energy's plan to emerge from bankruptcy confirmed
(DBN)

Major oil reserve found in Alaska is claimed to be largest US onshore discovery in 30 years
(DBN)

Canada oil sands capital exodus imperils future development
(DBN)

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Politics:

Fox News reporter smacks down Sean Spicer’s claim that his phone was wiretapped under Obama
(DBN)

Ivanka Trump's brand saw HUGE online surge in February
(DBN)

House Oversight Panel Issues Warning About Trump’s Tweets, Encrypted Apps House Oversight Committee wants to know how the White House archives Trump's deleted tweets 8 Keys to Understanding the Administration Russian ambassador denied meeting any Trump campaign advisers one month after private meeting with Jeff Sessions White House says Trump unaware of Flynn's foreign agent work Pence: That's One More Great Reason We Fired Flynn
(DBN)

Trump has quietly hired 400 people — from high school grads to conspiracy theorists — to be his eyes and ears
(DBN)

Would-Be Trump Appointees Say ‘No Thanks’ Due to Lobbying Ban
(DBN)

Trump Voters and Their Coming Pension Cuts
(DBN)

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Accounting:

Former NJ Governor Corzine testifies in MF Global trial Jon Corzine Says MF Global Relied on Auditor in PwC Case
(DBN)

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Shipping:

Members of THE Alliance create bankruptcy contingency plan THE Alliance draws up trust fund to protect group from member bankruptcy
(DBN)

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Gambling:

Appeals court rejects Straub's claim to ex-Showboat casino
(DBN)

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Distressed Investing:

Buying a distressed company in bankruptcy can bring a competitive edge
(DBN)

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Golf:

Wanango Golf Club purchased in Chapter 11 bankruptcy sale
(DBN)

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New Bankruptcy Opinions
(4 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 (8 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:

Bankruptcy Filings Drop in February
(DBN)

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Restructuring:

Cumulus Media: Wow!—SDNY Deploys a Negative Inference to Override Express Provision in Credit Agreement
(DBN)

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Discharge:

Barking Dogs Take Big Bite Out of Owners’ Bankruptcy
(DBN)

Court Rules "Informational" Letters Did Not Violate Discharge
(DBN)

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Fraud:

Corzine Blames The Markets, And Confusion, For MF Global's Collapse On the stand, Corzine defends bet that led to MF Global demise Corzine tells court PwC audits were vital to trust in MF Global
(DBN)

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UCC:

U.S. Bankruptcy Court Reminds Us to “Get the Note” or File a Financing Statement
(DBN)

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Litigation:

Chancery Orders Predictive Coding to Assist E-Discovery Process
(DBN)

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Mediation:

Lessons From a Defective Settlement Agreement: Being Approved . . . and Then Falling Apart
(DBN)

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Avoidance Actions:

District Divided: Tribune Decision Creates SDNY Split over Standard for Imputing Officer and Director Intent to a Corporation
(DBN)

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Personal Finance:

Want to be happy? Marry a cheapskate
(DBN)

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Opera:

US opera company goes bankrupt
(DBN)

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Food/Beverage:

Death Of The Food Court: Iconic mall chains like Cinnabon, Sbarro, and Panda Express are transforming to survive
(DBN)

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Resorts:

Melrose Resort bankruptcy leaves cloud of uncertainty over Daufuskie Island
(DBN)

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Nuclear:

Toshiba urged to make a decision on potential Westinghouse bankruptcy Concerns emerge over guarantee for Toshiba’s U.S. nuclear project Toshiba's Westinghouse should decide on Chapter 11 by end-March: Japan Finance Minister Things are not looking good for Westinghouse Toshiba's Westinghouse Liabilities Will Have a Long Half-Life Toshiba nuclear unit hires specialist bankruptcy lawyers Toshiba U.S. nuclear power unit liquidation may flare into diplomatic dustup
(DBN)

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Student Debt:

This controversial way to finance college may be getting more popular
(DBN)

Chapter 13 Debtor Loses Challenge to 22.5% Collection Costs for Student Loans as Court gives Deference to USDOE Regulations
(DBN)

31% of College Students spend their Loans on Spring Break
(DBN)

Court Dismissed Student Loan Debtors’ Class Action since Notes Contained Arbitration Clause and Class Action Waiver
(DBN)

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Marijuana:

Jeff Sessions will enforce federal law in an 'appropriate way' — and the marijuana industry is rattled
(DBN)

Real estate is booming wherever pot is legal
(DBN)

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Telecoms:

Bankrupt Avaya lays out plan for sale of networking business
(DBN)

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Corporate Governance:

Having a woman on the board 'means bankruptcy is less likely'
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Tech:

Violin Memory Bankruptcy Plan Filed
(DBN)

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Celebs:

Ex-Billionaire's Kids Try to Hang Onto Trust
(DBN)

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Coal:

Four bondholders sue Peabody Energy, hedge funds over stock sale
(DBN)

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UK:

The 2008 financial crisis continues to cost British people £6,000 in lost income every year
(DBN)

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EU:

Credit Suisse: Marine Le Pen is Europe's biggest risk
(DBN)

Mario Draghi remains dovish, but ECB loses ‘sense of urgency’ for additional stimulus
(DBN)

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PIIGS:

Creditors Leave Athens With No Breakthrough in Talks Greece: IMF says key difference remain in bailout talks Tsipras Faces Fight as Greek Opposition Won't Back New Measures IMF: Progress achieved with Greece but many differences remain
(DBN)

Statistics point to unprecedented economic implosion in Greece since 2008
(DBN)

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Canada:

Meteoric rise in bankruptcy proceedings not done yet: expert
(DBN)

Canada Oil Dependence on US Loosens in Age of Donald Trump
(DBN)

Life before Trump: How Steve Bannon helped a Canadian musical company dodge the final curtain
(DBN)

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Czech Republic:

Czech Republic – Insolvency Law Changes from 1 July 2017
(DBN)

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Russia:

The Russian ruble is plunging as oil tumbles below $50
(DBN)

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Bahamas:

Beleaguered Baha Mar Casino Resort To Open With Chinese Characteristics
(DBN)

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