March 16, 2017

The Daily Bankruptcy News

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3-Column Formating

 

Law:

L.A. Firms Sought After for Mergers, Survey Says
(DBN)

Law firm reveals contract lawyer was actually disbarred; he had billed 6,900 hours in Sprint suit
(DBN)

Yale Law has beaten Harvard for the past 23 years in US News rankings — and it's not entirely clear why
(DBN)

Is T14 Dead? Is It T15? T13? Was T14 An Arbitrary Ranking All Along?
(DBN)

Law School Rankings By Student Quality (LSAT And UGPA)
(DBN)

How Did Texas A&M Law Crack US News' Top 100?
(DBN)

Oxford comma issue benefits drivers in overtime case
(DBN)

Publicly-listed law firm Slater and Gordon rescue under way after debt sold to hedge funds: sources • Why Westpac Banking Corp is abandoning Slater & Gordon Limited
(DBN)

The Best Lawyer Excuses
(DBN)

Litigation funder Burford had 75% profit increase in 2016—and thinks this year could be bigger
(DBN)

Trump Taps Sullivan, Proskauer, Greenberg Attys For Posts
(DBN)

Magic Circle Firm’s Efforts To Boost Profitability Lead To Finance Practice Upheaval
(DBN)

Who Is The Worst-Behaved (Former) Biglaw Attorney? • New Kind of Pedigree: Worst-Behaving Lawyers
(DBN)

5 Mistakes In-House Counsel Make When Encountering Proportionality
(DBN)

Many smartphone owners don’t take steps to secure their devices
(DBN)

16 psychological tricks to make people like you immediately
(DBN)

Across the Country, Reports of Swastika Graffiti
(DBN)

Justice Department: Russia’s security services 'protected, directed, facilitated, and paid' hackers behind the massive breach of Yahoo
(DBN)

U.S. Judge Reacts Skeptically to Bid to Block Travel Ban • New Trump Travel Ban Assailed at MD Hearing • A judge put Trump's new travel ban on hold hours before it was set to begin •Saw you in court: A judge blocks Donald Trump’s revised travel ban • The Trump team's own statements may keep hampering their travel ban efforts • Comments by Stephen Miller and Rudy Giuliani Cited in Judge's Decision to Block Trump's Travel Ban • President Trump Blasts 'Unprecedented Judicial Overreach' by Courts Blocking Travel Ban • Immigrant, Refugee Advocates Cheer Hawaii Court Ruling on Travel Ban • Read the Hawaii court order that blocked Trump’s revised travel ban • Elizabeth Warren: 'Your Muslim ban is now 0-2 vs the Constitution'
(DBN)

Sentencing set for former client found guilty in lawyer’s murder
(DBN)

Stay Away From Potential Clients Who Give Bad Online Reviews
(DBN)

Holland & Knight associate to perform at SXSW
(DBN)

Lawyer may be sued under attorney deceit statute for lawsuit misrepresentation, federal judge says
(DBN)

Attorney General Sessions pushes a '90s-style crackdown on crime to get 'thugs off the street'
(DBN)

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Judges:

A Call For Nominees For The 2017 William L. Norton, Jr. Judicial Excellence Award
(DBN)

Rubio, Coons, Stabenow, Nelson Introduce Bipartisan Bill to Improve Bankruptcy Court System
(DBN)

Democrats' Misguided Argument Against Gorsuch • Judge Gorsuch on separation of powers and federalism • The Only Gorsuch Surprise Is That Anyone Still Expects A Surprise • Schumer: Democrats remain skeptical of Gorsuch, may block him • Schumer on Gorsuch: Don’t change the rules, change the nominee • Democrats preview line of attack on 'pro-corporate' high court nominee • How Gorsuch is preparing for his Senate showdown • Yes, Gorsuch Matters • Secretive billionaire lobbied for Gorsuch’s 10th Circuit nomination; the two men have longtime ties
(DBN)

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Wall Street:

US futures point to higher open on Wall Street, big batch of data eyed
(DBN)

US stocks close higher after Fed rate hike
(DBN)

Investors focus on expected Fed hike, oil rebounds • The Fed's 3rd rate hike could be bad for stocks
(DBN)

Wall Street profits — and bonuses — rose in 2016 • Average annual Wall Street bonus rises slightly to $138,210 • Wall Street bonuses are more than twice the U.S. median household income
(DBN)

Fed policymakers are turning increasingly hawkish about the state of Wall Street
(DBN)

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Layoffs:

Amazon is going to kill more American jobs than China did
(DBN)

GoPro is getting rid of 270 positions as it tries to become profitable
(DBN)

Gordmans plans nearly 600 layoffs in Nebraska, Indiana
(DBN)

Sungevity workers demand back pay for allegedly abrupt terminations
(DBN)

Baptist Health announces 288 layoffs
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Politics:

Trump attacks MSNBC reporting of leaked tax returns • The tax Trump paid in 2005 is the tax Trump wants to abolish • Did Donald Trump leak his own tax return? • ‘Painfully obvious’: Scarborough accuses Trump of leaking good tax return to distract from Russia hearings • Yes, Trump paid taxes in 2005, they just don't look much like a billionaire's taxes • The Mysterious Disappearance of Candidate Trump • Former White House national security pick Monica Crowley is now reportedly working for a pro-Russian oligarch • House intelligence chair: 'I don't think there was an actual tap of Trump Tower' • House Intel Chairman: No evidence found linking Obama to alleged Trump Tower 'wiretap' • The author of the story that inspired Trump's infamous wiretap tweet got the idea while washing the dishes • House leaders, Jeff Sessions, say there’s no evidence that Donald Trump was wiretapped • Where is Trump's Voter Fraud Investigation?
(DBN)

House Republicans Take Their Own Path on Trump’s Border Wall
(DBN)

Trump Officials Are Learning Just How Hard It Is to Sell $1 Billion of Assets
(DBN)

Poll: Trump Approval, Voter Optimism on the Rise
(DBN)

Fox News Poll: Bernie Sanders remains the most popular politician in the US
(DBN)

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Healthcare:

'The states are going to take a big hit here' • Conservatives just dealt 'Trumpcare' a significant blow • Ryan: Trump Helped Write the ACA Repeal • Trumpcare is pure fantasy and here’s how the CBO backs that up • Americans like the Republican Obamacare replacement in theory — but they don't like what it does • Where Donald Trump's Health-Care Promises Stand Now • Q&A: What Are the 'Three Prongs' in GOP's Obamacare Repeal-and-Replace Effort? • GOP Senators Say House Health Bill Won't Pass Without Changes • C.B.O. Report Leaves Trump in a Political Jam on Health Care • No one seems to want credit for the GOP's Obamacare replacement bill • Here comes the 'Trumpcare' tour... • Win or Lose, Trumpcare Is Bad for Republicans • Ryan Open to Changing Health Bill As GOP Struggles to Reach Agreement • How the Tea Party Could End Up Killing the GOP Health Care Plan • Republicans risk midterm meltdown
(DBN)

U.S. government reports decline in Obamacare individual enrollment
(DBN)

Americans use far more opioids than anyone else in the world • More Americans say they're in pain. It’s a fascinating and disturbing medical mystery.
(DBN)

DOJ's lawsuit against provider can proceed despite bankruptcy filing
(DBN)

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Rail:

California Railroad Finds Buyer After Operator's Bankruptcy
(DBN)

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Economy:

The Fed raises interest rates and says more hikes are on the way • FOMC Statement: 25bps Rate Hike • Fed raises rates amid signs of strengthening economy • Yellen: 'The simple message is the economy is doing well' • The Fed just hiked interest rates — here's how that could affect your life • Fed Raises Benchmark Rate as Inflation Approaches 2% Target • Janet Yellen just made an unsettling admission about the economy • Yellen: Trump’s Policy Priorities Aren’t Influencing Interest Rate Decisions • The Fed just raised rates. Now it's time to pump the brakes • The Fed Delivers a Hike and a Message
(DBN)

US Consumer Price Index rose 0.1% in Feb, as expected • US consumer prices rose at a tempered pace in February • US Consumer Prices Show Biggest Annual Increase Since 2012
(DBN)

The relationship between Main Street and Big Business appears to have broken down completely in the United States
(DBN)

U.S. consumer debt nears record
(DBN)

Key Measures Show Inflation close to 2% in February
(DBN)

Republicans Keep Repeating the Same Tax Mistake
(DBN)

Janet Yellen seems to be giving up on one of the Fed's most important goals
(DBN)

Empire manufacturing tops expectations
(DBN)

17 House Republicans just signed a resolution committing to fight climate change
(DBN)

Robert Shiller on what a rate hike will do to asset prices and who Trump shouldn't put in charge of the fed
(DBN)

'It is getting worse': An increasing number of Americans have stopped paying their car loans
(DBN)

Trump budget would slice domestic programs, foreign aid • Trump’s Government Reorganization: Hatchet Job, or Just Major Surgery? • Trump's budget plan proposes cuts of up to 28% in key agencies • Labor Dept. cuts target job training programs for seniors, disadvantaged youths • Trump's budget ripped from Bannon's nationalistic playbook • Trump to slash State Department budget by 28 percent • Trump's budget would eliminate dozens of agencies and programs • Trump's plan to dismember government • Trump’s ‘Hard Power’ Budget Gives Billions to Defense, Guts Domestic Programs • Trump's Budget Would Cut EPA Funding By 31%, Eliminate Programs for Waterway Cleanup •Report: Trump budget will slash the EPA, State Department, Amtrak, Meals on Wheels grants • SBA budget cuts target ‘redundant programs’ • Trump budget: Defense spending a priority over agency money • Trump federal budget 2018: Massive cuts to the arts, science and the poor

(DBN)

How your wallet will suffer if this consumer agency is gutted
(DBN)

80% of parents keep this financial secret from their adult children
(DBN)

Fitch: The debt ceiling will be raised to $20,000,000,000,000 just in nick of time
(DBN)

Where Immigrants Out-earn U.S. Born Citizens
(DBN)

Trump's hiring the Bear Stearns economist who promised the economy was fine right before it went bankrupt
(DBN)

Trump Seeks Billions in New Spending for Border Wall With Mexico • Trump to ask Congress for initial $4 billion for border wall • Senate Democrats are threatening a government shutdown over Trump’s border wall
(DBN)

Texas Has a Lot to Lose From a Border Tax
(DBN)

Trump’s Deficit Pledges Are Fake News
(DBN)

Trump Tax Reform Plan Will Bog Down Badly
(DBN)

Sales of Class 8 Big Rigs Collapse in February
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Home builder confidence soared to highest level in 12 years as Trump rolls back regulations • NAHB: Builder Confidence increased to 71 in March, Highest in 12 Years
(DBN)

Property Surrender: Surrender Means Surrender – No If’s, And’s or But’s
(DBN)

Wells Fargo, RBS, Deutsche Bank in $165 mln NovaStar settlement
(DBN)

The Foreclosure Crisis: A Retrospective
(DBN)

Housing finance prepares for wave of new interest rate hikes
(DBN)

Fannie Mae economic growth forecast remains conservative
(DBN)

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Municipalities:

An Interview with Luis Fortuño, Former Governor of Puerto Rico
(DBN)

Request to Extend the PR Moratorium Is Still Active
(DBN)

Puerto Rico Religious Leaders Ask Congress to Pass Debt Crisis Actions
(DBN)

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Oil/Gas:

The Covenants May Not Run, but Sabine’s Ruling Won’t Hide
(DBN)

Exco Resources Nears Deal to Stave Off Bankruptcy
(DBN)

Enterprise buys up bankrupt Azure Midstream assets
(DBN)

Bonanza Creek notes impact of bankruptcy on quarterly report
(DBN)

Oil prices hold gains as EIA reports surprise 237,000 barrel drop in US crude stockpiles • IEA says oil market could tilt into deficit in the first half if OPEC sticks to cuts • Oil prices extend gains after drop in US stockpiles
(DBN)

Has OPEC Underestimated U.S. Shale Once Again?
(DBN)

Why Oil and Coal States Are Slashing Their Education Budgets
(DBN)

Saudi Arabia's Totally Not Bluffing
(DBN)

$40 oil? No problem as U.S. drillers snub OPEC with hedges
(DBN)

Drilling boom in hottest U.S. play is bad news for gas bulls
(DBN)

Iraq Plans to Boost Crude Oil Production and Exports This Year
(DBN)

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Pensions:

New York's Road Carriers Local 707 Pension Fund Goes Insolvent
(DBN)

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Nuclear:

Toshiba shares tumble putting future of new nuclear plant in doubt
(DBN)

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Radio:

iHeartCommunications, Inc. Announces Private Term Loan Offers in Connection with a Proposed Global Restructuring of Its Indebtedness
(DBN)

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Energy Storage:

This Week in Batteries: Sifting Through Two Big Bankruptcies
(DBN)

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Retailing:

Retail Sales increased 0.1% in February • Retail Sales Increase Slightly in February
(DBN)

Will 2017 Be the Year of the Retail Bankruptcy?
(DBN)

The Once Invincible Fast Fashion Industry Is Now Crumbling Just Like Every Other Retailer

It looks like Sears just lost another top executive
(DBN)

RadioShack's intense discounts aren't the bargain they're made to look like • Jimmy Kimmel dreams up new partners for bankrupt RadioShack • Inside Stories From RadioShack’s Sinking Ship: Tight Lips, Confusion, Questionable Clearance Prices
(DBN)

Gordmans to fire 450 workers at headquarters, warehouse; court allows gift cards to be honored
(DBN)

Interim Christopher & Banks CEO lays out turnaround plan
(DBN)

BCBG defaults on $34.6M in loans on Vernon warehouses
(DBN)

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New Bankruptcy Opinions
(1 new opinion today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (25 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (56 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:

Chapter 11 Filings Inch Up in 2016 After Years of Decline
(DBN)

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Professional Compensation:

Nortel Judge Rejects Noteholders’ Challenge to Indenture Trustee’s Fees
(DBN)

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Contempt:

Rethinking Criminal Contempt in the Bankruptcy Courts
(DBN)

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Bankruptcy Crimes:

Ex-attorney pleads guilty to bankruptcy fraud
(DBN)

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Trustees:

BK ME: Ch. 13 Trustee Sought In Portland
(DBN)

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Avoidance Actions:

A Hypothetical Question Deserves a Hypothetical Answer: The Ninth Circuit’s Approach to Preference Transfers in In re Tenderloin Health
(DBN)

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Tech:

The Latest Craze In Silicon Valley: Bankruptcy
(DBN)

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Autos:

Trump just gave automakers a huge win
(DBN)

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Accounting:

US judge deals PwC a setback at MF Global malpractice trial
(DBN)

PwC under the gun for up to $1 billion
(DBN)

PwC’s Takeover of ‘The World’s Best Tax Law Firm’
(DBN)

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Coal:

Peabody announces post- bankruptcy changes to leadership team
(DBN)

Hedge funds to reap big stock gains from bankruptcy of coal miner Peabody
(DBN)

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Mass Torts:

U.S. Chamber Hails South Dakota for Joining Chorus of States, Congress in Combating Asbestos Fraud
(DBN)

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Student Debt:

Despite Better Economy, Student Loan Defaults Rising, Study Finds
(DBN)

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Celebs:

David Cassidy’s bankruptcy payment plan is rejected by creditor who says the actor could still go on Dancing with the Stars or be the next Betty White and make millions
(DBN)

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Corporate Reform:

Blackrock: Roll-Back of Regulations a Bad Idea
(DBN)

Trump Picks a Regulator Who Could Help Reshape Dodd-Frank
(DBN)

Though the CFPB Faces Major Reform, Few Know What it is
(DBN)

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Solar:

Rooftop solar in tumult as Sungevity declares bankruptcy
(DBN)

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Education:

For-profit colleges gain beachhead in Trump administration
(DBN)

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UK:

David Davis admits he has not calculated the huge costs of a no-deal Brexit • Brexit Looms Over 40-Year Low in U.K. Unemployment • Northern Ireland vote jolts already disunited Kingdom • Brexit: Lots of UK Banks Looking to Relocate • No Deal Brexit Will Slam UK Hardest • Brexit: Let's hope 'the land that gave us common sense' secures a trade deal with the EU
(DBN)

The lack of mortgage defaults is masking a huge problem in the UK economy
(DBN)

Jones Bootmaker seeks new buyer as 1,145 jobs at risk • Teeters on brink of administration
(DBN)

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PIIGS:

Varoufakis Asks Tsipras to Default Its Creditors to Avoid Disaster
(DBN)

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Australia:

Liquidators Becoming Administrators: The Supervisory Role of the Courts
(DBN)

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India:

ABG Shipyard: Lenders invoke rights to change ownership
(DBN)

M&A And Internal Restructuring – Providing Clarity & Plugging Loopholes.
(DBN)

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Brazil:

Brazilians protest against austerity in main cities
(DBN)

Brazil's Oi burns through $49 mln in cash in January
(DBN)

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China:

Protection of Creditor's Rights under the Chinese Bankruptcy Law - Revocable Transfers and Preferential Payments
(DBN)

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Bermuda:

Courts adopt new insolvency guidelines
(DBN)

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