March 15, 2017

The Daily Bankruptcy News

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Law:

Reducing Legal Spend Still Top Concern for Many Litigation Chiefs
(DBN)

Ex-Chadbourne Partner of 35 Years Decries Firm’s ‘Origination Inheritance’ System
(DBN)

Paul Hastings Poised to Pick Up Boies Schiller Corporate Group Paul Hastings to acquire most of Boies Schiller’s corporate group Boies Schiller’s Corporate Group Finds A New Home Boies Schiller Winds Down 20-Lawyer Corporate Practice
(DBN)

2018 U.S. News Law School Peer Reputation Rankings (And Overall Rankings) Northwestern enters top 10 in latest US News law school rankings; Harvard drops to No. 3 It’s Official — There’s A New T14 In Town! (2018 USNWR Rankings Are Here) University of Florida embarrasses itself... Law Schools Unfairly Ranked by U.S. News Winners And Losers In The 2018 U.S. News Law School Rankings ... Should It Matter? 2017 Law School Rankings: Winners and Losers Florida Law School War Intensifies: UF Marches Toward Top 35, FSU Aims For Top 4 Public (With Michigan, UC-Berkeley & Virginia)
(DBN)

What lawyers can learn from a dollar-store model
(DBN)

Greenberg Traurig Elevate Bankruptcy Lawyer to Shareholder in Northern Virginia
(DBN)

Litigation funding in bankruptcy ‘should be in every trustee’s toolkit’
(DBN)

With Profits Up 75 Percent, Burford's Results Reveal Evolving Litigation Funding Industry
(DBN)

Move Over Moot Court. Budding Deal Lawyers Get Their Own Competition
(DBN)

Where Are the Asian-American Partners?
(DBN)

The collapse of King & Wood Mallesons' European arm offers a cautionary tale to firms intent on merging misaligned entities under the Swiss verein model
(DBN)

Tax Partners Earn Second Largest Paychecks At BigLaw Firms
(DBN)

An open letter to future lawyers, from a future lawyer
(DBN)

Beyond Biglaw: 3 Bridgewater Lessons For Small Law Firms
(DBN)

Nimbleness, Purpose Key To Small Law Firm Success (Part 2)
(DBN)

House Judiciary Committee targets lawyer ads, mass torts marketing
(DBN)

It took a court to settle the English-speaking world’s debate over the Oxford comma
(DBN)

Here's who's in the running to replace Preet Bharara, the 'Sheriff of Wall Street' Bharara Firing Shows Trump’s Ethics Problem, Says Law Professor
(DBN)

Common Ethical Issues To Consider When Researching Jurors And Witnesses On Social Media
(DBN)

The Most Overused Phrases In My Legal Writing
(DBN)

Why Millennial Lawyers Are Not the Worst
(DBN)

The Fight To Recognize Chimpanzees As Legal Persons
(DBN)

Trump travel ban faces key test in multiple courtrooms Here Are the Cases to Watch on Trump's Travel Ban
(DBN)

Yes, Trump Is Being Held Accountable
(DBN)

Why Hasn’t Ezekiel Elliott Been Arrested?
(DBN)

A Life Sentence for Stealing $14
(DBN)

ABC News Heads to Trial Over Pink Slime Story
(DBN)

Large Law’s Not-So-Secret Weapon In Marketing And BD: The Library
(DBN)

Ohio Couple Charged After Staging Gruesome Murder As Family Prank
(DBN)

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Judges:

BK MD PA: Harrisburg and Wilkes-Barre Closed For Weather
(DBN)

This Is How Neil Gorsuch Thinks Make Neil Gorsuch actually answer questions in his Supreme Court confirmation hearings The stealth Supreme Court nomination of Neil Gorsuch Neil Gorsuch carries the weight of Washington When Gorsuch Promises “Equal Right to the Poor” Democrats’ Line of Attack on Gorsuch: No Friend of the Little Guy In Speech Notes, Neil Gorsuch Painted a Dark Picture of Litigation Neil Gorsuch Has Web of Ties to Secretive Billionaire Key Democrats Haven’t Made Up Their Minds As They Prepare To Grill Supreme Court Nominee
(DBN)

Judicial Conference Asks Congress to Create New Judgeships
(DBN)

AO Releases Annual Report and Court Statistics
(DBN)

Judge Richard Posner: Cat Person
(DBN)

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Wall Street:

US stock futures slightly higher ahead of expected Fed rate hike
(DBN)

Stocks close lower as weak energy shares drag
(DBN)

Wall St. slips as Fed meets to decide on interest rates
(DBN)

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Layoffs:

Fairness hearing set for Microfibres WARN settlement
(DBN)

Alexion Pharmaceuticals in New Haven to lay off 210 employees
(DBN)

157 Roche Diabetes Care layoffs
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Healthcare:

Bankruptcy attorneys to get more work
(DBN)

Here are the biggest winners and losers from 'Trumpcare' White House on Obamacare repeal: 'This is it,' passing another plan will be 'unbelievably difficult' Many Americans were skeptical of GOP's Obamacare replacement even before CBO predicted losses Krugman: 'Trumpcare' is 'stupid and cruel' ‘It’s a disaster’: Chase Bank chief economist tears Trumpcare to pieces on CNN Upper-middle-class Americans are quiet winners under the GOP health plan A top Republican senator blew up Trump's '3-phase plan' for healthcare overhaul McConnell: Hard to predict coverage under GOP bill GOP Bill Would Make Comparing Health Plan Prices More Difficult CBO Score of Republican Health Plan Rattles Some GOP Senators The CBO has one piece of good news for Republicans’ Obamacare replacement Watch Seth Meyers Sink His Teeth Into the GOP Health Care Plan Republicans Scramble to Gather Support for Health Care Bill After Budget Findings Washington Reacts: CBO Wrong, Health Fix Needed or Time to Pull the Bill? The GOP health bill would create more insurance plans that Trump called ‘practically useless’ The CBO's other bombshell: the Affordable Care Act isn't imploding Mixed Messages on the CBO Score How the Affordable Health Care Act Leaves Near-Elderly People Behind Here's what the GOP doesn't understand about the future of health care The GOP plan for Obamacare could kill more people each year than gun homicides Trump’s ‘insurance for everybody’ plan has turned deadly
(DBN)

A life insurance company is requiring that customers give saliva samples so it can try to predict their deaths
(DBN)

Hospital stocks fall after Republican health bill seen leaving 24 million uninsured
(DBN)

Scandal-ridden doctor blames bankruptcy on $5M divorce suit
(DBN)

Employees and patients await CIH bankruptcy hearing
(DBN)

Cash-Strapped Hospitals Seek M&A Cure
(DBN)

The United States spends more on health care as a percentage of GDP than other developed countries, but Americans are less healthy
(DBN)

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Retailing:

The Retail Business Is About to Hit Another Painful Bump
(DBN)

Hudson's Bay Is Said to Be in Talks to Buy Neiman Marcus Hudson's Bay Talking Takeover Of Neiman Marcus Neiman Marcus, Dallas' iconic luxury retailer, puts itself up for sale Former Macy's suitor sets sights on retail rival Hudson's Bay May Be Eyeing Struggling Neiman Marcus Because Macy's Would Cost More Than $17 Billion Here's Why Neiman Marcus Would Be a Terrible Purchase For Hudson's Bay Should Hudson's Bay Buy Neiman Marcus? The Case For And Against A Neiman-Saks Merger Would Create Luxury Empire at Risky Moment
(DBN)

A Split Decision for Neiman Marcus Debt Holders
(DBN)

Rising rates will speed up the clock on retail's $3.7 billion time bomb
(DBN)

How Did Retail Sales Fare in February? Watch Tax Refunds
(DBN)

Retail turmoil continues with first quarter results
(DBN)

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Celebs:

Marissa Mayer’s ‘Bonus’ For Running Yahoo Into The Ground: Way Bigger Than Yours
(DBN)

The 20 Richest People in the World
(DBN)

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Economy:

Survey: CEO Confidence Rises on Hopes for Tax, Regulatory Reform
(DBN)

Fed will raise rates up to four times this year, says JP Morgan’s Frenkel Fed is ready to raise rates, but key bank metric suggests caution
(DBN)

The Fed is united, but Trump may be on a different page

US Fires Warning Shot: $1 Billion in Fines Against Chinese Firm
(DBN)

World Prepares to Move On Without US on Trade
(DBN)

NFIB: Small Business Optimism Index decreased slightly in February
(DBN)

JPMorgan's Dimon: Corporate cash infusion could lead to Fed-like stimulus boom
(DBN)

Trump on the brink of triggering a major trade war: CFO survey
(DBN)

IMF Warns G-20 of Mounting Protectionism's Threat to Global Economy
(DBN)

Janet Yellen this week could tee up a stealth rate hike for later this year
(DBN)

Animated map shows the gender pay gap in every state
(DBN)

Credit Card Debt Tops $15,000 in More Than Half of US Households When the Fed Raises Rates, Credit Card Holders Feel It First
(DBN)

Trump's latest trade target is potentially the most dangerous one
(DBN)

9 high-profile entrepreneurs who have endorsed universal basic income
(DBN)

A wealth manager for the 1% explains why her clients think Donald Trump is smart for not paying his taxes
(DBN)

The dollar is starting to act like an oil currency
(DBN)

State Unemployment Rate by State, Current vs. 2007
(DBN)

Trump’s Defense Secretary Cites Climate Change as National Security Challenge Defense Secretary: Climate Change Huge Risk Trump to drop climate change from environmental reviews
(DBN)

Steve Bannon and the Making of an Economic Nationalist
(DBN)

Can Declining Productivity Be Reversed?
(DBN)

How Washington is chipping away at your retirement security
(DBN)

Businesses say they need the Export-Import Bank to sell goods abroad
(DBN)

Bill Gates is largely 'optimistic' about the future — but a key tenet of the Trump administration worries him
(DBN)

Trump's China Expert Isn't
(DBN)

Hiring, Spending Plans Soar on Trump Agenda
(DBN)

Feds and the Coming Retirement Crisis
(DBN)

Trump advisers see arbitration as way to speed infrastructure plans
(DBN)

Number of U.S. workers testing positive for drugs hits 10-year high
(DBN)

The U.S. Border Tax Would Hit Texas Hard
(DBN)

Trump’s trade nominee breaks with White House hard-liners
(DBN)

Corporations Push for Tax Overhaul
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Can Chapter 13 Debtor Force a Secured Lender to Accept Title to Collateral in Full Satisfaction of a Secured Claim?
(DBN)

Mortgage applications rise 3.1% as borrowers rush to lock in rates
(DBN)

Mortgage Equity Withdrawal Positive in Q4
(DBN)

JPMorgan's Risky Bonds Plan Lost Billions, Insurers Claim
(DBN)

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Municipalities:

Duggan official: Detroit should sell golf courses
(DBN)

Puerto Rico Oversight Board approves Rossello's fiscal plan
(DBN)

Why Puerto Rico's Fiscal Plan Debt Allotment May Be Negotiated
(DBN)

How Mississippi Is Worse Off Than Bangladesh
(DBN)

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Oil/Gas:

The Impact of Sabine Oil & Gas Corp. on Gas Gathering Agreements
(DBN)

Oil tumbles after Saudi Arabia says it increased production Saudi Arabia has a big motivating interest to keep oil prices high Oil slides as crude stocks mount, weighing on energy shares EIA And OPEC Send Oil Prices Tumbling OPEC data fan fears oil production cuts are in ‘jeopardy’
(DBN)

Natural Gas Prices Could Plunge Below $2
(DBN)

Oil demand set to ease in 2017, non-OPEC countries seen increasing production: IEA report
(DBN)

Oil prices up, but skepticism remains over cuts
(DBN)

Big oil's list of worries just got bigger
(DBN)

Ultra Petroleum Chapter 11 exit plan approved by court
(DBN)

Bankrupt Azure Midstream lands $189 mln bid at bankruptcy auction

Seadrill: Will Settlement Help Avoid Bankruptcy?
(DBN)

US crude settles at $47.72, tumbling for 7th session on bearish OPEC report
(DBN)

OPEC and US shale drillers seem back at the brink of war
(DBN)

Energy stocks hit four-month low as oil slides
(DBN)

International offshore energy co. files for bankruptcy in Houston
(DBN)

Fraud Probe Uncovers Secret Tillerson Emails on Climate Change
(DBN)

How Plunging Oil Prices Are Hurting the Global Reflation Rally
(DBN)

Higher crude prices are driving new deals in the oil patch
(DBN)

Proposed Trump tax cut could save drillers $10 billion
(DBN)

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Politics:

'I am not going to defend Donald Trump': Leaked audio captures Paul Ryan's October rebuke of Trump Kellyanne’s Alternative Universe As an expert witness for Whole Foods, Kellyanne Conway gave testimony that was deemed 'fundamentally flawed' and thrown out Real or Joking? White House Under Fire Over Trump's Statements Scandal Fatigue and the Trump Ethical Swamp
(DBN)

North Carolina Governor Who Signed Bathroom Bill Says He Can’t Find Work
(DBN)

MSNBC reveals portion of Donald Trump’s 2005 tax return Trump wrote off $100-million in business losses in 2005, tax forms show Here's one curious thing about the Donald Trump tax leak The real Trump tax scandal: David Cay Johnston President had to pay millions due to tax law he aims to scrap Donald Trump just got a nice victory, thanks, of all people, to Rachel Maddow Trump Claims MSNBC's Rachel Maddow 'Illegally' Published His Taxes. Is That True?
(DBN)

Why the Government Overhaul Won't Work
(DBN)

Ivanka Trump Imported 53 Metric Tons of Chinese Goods During Her Dad’s ‘Buy American’ Speech
(DBN)

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Guns:

Gun Sales Crash in Post-Obama Era
(DBN)

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Coal:

Judge must decide if Peabody's tilted bankruptcy exit plan is fair
(DBN)

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Autos:

GM has Huge Supply of Unsold Cars
(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 (8 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (6 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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Automatic Stay:

But I Didn’t DO Anything! — Can Non-action Violate the Automatic Stay?
(DBN)

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Mediation:

Is Offering Opinions and Solutions a Bad Idea for Mediators?
(DBN)

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Avoidance Actions:

5th Circuit: Creditor’s Garnishment of Wages during 90-day Preference Period is Avoidable Even if Garnishment was Served Prior to that Period.
(DBN)

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Professional Compensation:

Recent SDNY decision protects and clarifies investment banker compensation in bankruptcy
(DBN)

Delaware Bankruptcy Court Issues Important Guidelines Concerning Payment of Indenture Trustee’s Professional Fees
(DBN)

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Insurance:

D&O Insurance: Convictions, Appeals, and the Conduct Exclusion
(DBN)

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Pharma:

Valeant Slumps After Longtime Backer Ackman Exits With a Loss Billionaire investor Ackman and hedge fund take $3 billion loss selling Valeant stake
(DBN)

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Education:

For-Profit Colleges Gain Beachhead in Trump Administration
(DBN)

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Coal:

Miners Seek Trump's Help as U.S. Coal Continues Decline
(DBN)

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Marijuana:

The cannabis industry could be in for a serious buzz kill
(DBN)

America's pot industry shrugs off Donald Trump's harder line on legal drugs
(DBN)

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Hollywood:

Movie Studio Profits Face More “Punishment” In 2017, Analyst Warns
(DBN)

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Pensions:

Collapsing pensions will fuel America’s next financial crisis
(DBN)

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Gambling:

Judge: North Dakota Owes Former Owner of Fargo Horse Betting Business $13 Million
(DBN)

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Nuclear:

Westinghouse appears headed for bankruptcy or sale Toshiba Weighs Bankruptcy Plan for Westinghouse Electric Toshiba shares slide as crisis deepens, fate of Westinghouse unclear Westinghouse prepares for operational changes as Toshiba deals with financial fallout Toshiba could file for bankruptcy: Expert
(DBN)

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Distressed Investing:

Investors View Junk Bonds as Most Overvalued in A Decade
(DBN)

The Surprising Risk-Return Profile Of Junk Bonds
(DBN)

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Accounting:

Too Late For PwC To Object To 'New' Theory, MF Global Says Is PwC on the Ropes in the MF Global Trial? PwC suggests MF Global was a risk culture run amok
(DBN)

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Shipping:

Creditors mull over another rescue package for cash-strapped Daewoo Shipbuilding
(DBN)

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Travel:

Airlines get heat from passengers over snowstorm cancellations
(DBN)

How to get the most money back if your flight gets canceled
(DBN)

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Student Debt:

Student loan defaults are rising faster than you think Student loan defaults jumped by nearly 20% last year More than 1 million student loan borrowers went into default last year
(DBN)

California's Plan to Eliminate Student Debt
(DBN)

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Weather:

Stella's icy fury hits the East Coast Blizzard Bust For NYC; Storm Shifts What to Know About the Northeast Snowstorm
(DBN)

Counterpoint: You’re A Lawyer, Not A Sherpa Good Morning, Biglaw! Sorry The Snowstorm Sucked.
(DBN)

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UK:

Brexit Comes With Price Shock at Checkout Brexit is back but it’s on a long and arduous road Theresa May is preparing to trigger Article 50 without knowing whether it's 'revocable'
(DBN)

Get ready for sterling’s wild ride as the U.K. bolts the EU
(DBN)

Scotexit and Allocating the UK's Debt
(DBN)

Ad slump, losses and creditor pressure toppled publisher
(DBN)

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EU:

European Court Rules Employers Can Ban Hijabs in the Workplace
(DBN)

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PIIGS:

ie: Forestry company liquidator uncovers series of unexplained transfers
(DBN)

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Canada:

Insolvent Commercial Tenants – What Happens Now?
(DBN)

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MENA:

Bankruptcy law helps spur SME bank lending
(DBN)

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Japan:

Troubled Toshiba faces steep climb to recovery
(DBN)

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India:

A Mountain of Bad Debt Looms Over Modi
(DBN)

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Bahamas:

Baha Mar hires gaming execs but will it make April 21 opening?
(DBN)

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