March 22, 2017

The Daily Bankruptcy News

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Law:

Biglaw Lawyers Behaving Badly: The Elite 8 (Part 1)
(DBN)

Vinson & Elkins Has 'Best Year Ever' in 2016, Reports Record Financial Results
(DBN)

Past decade has seen hundreds of US firms merge
(DBN)

Where Have All the Big Law Associates Gone?
(DBN)

White & Williams Adds Bankruptcy Pro
(DBN)

Notes on a Law Firm Pitch From an In-House Attorney
(DBN)

In Defense Of Space (The Extra One After A Period)
(DBN)

Robots are lawyers' friends, not threat
(DBN)

The ‘Other’ Litigation Finance
(DBN)

Litigation funder in Cigna case: ‘Never in my wildest dreams did I imagine this would happen’
(DBN)

Law School Dean Rips Bar Examiners
(DBN)

Dean Of 'Beleaguered' Charlotte Law School Steps Down; Interim Dean Named
(DBN)

Arent Fox Joins Millionaires' Club in Partner Profits
(DBN)

Baker McKenzie elects new North America managing partner
(DBN)

There's a big difference between Reaganomics and Trumponomics
(DBN)

Trump Comments Highlight Need for a Plan When Clients Go Rogue
(DBN)

Did antidepressant or job stress cause BigLaw partner’s suicide? Jury to decide
(DBN)

Apple announces new iPad, iPhone, Apple Watch bands, and more
(DBN)

After firing by Trump, ex-US Attorney Bharara joins NYU Law as scholar in residence Preet Bharara Joins NYU Law
(DBN)

Philadelphia district attorney indicted on bribery and corruption charges
(DBN)

Prosecutors drop charges against atty accused in $300 million illegal gambling ring
(DBN)

Star Witness Testifies in Hernandez Trial
(DBN)

Family saw livestream of missing teen's assault
(DBN)

This teacher is all smiles after student-s** bust
(DBN)

Lawyer for Roman Polanski asks for time served in 40-year-old rape case
(DBN)

Man jailed indefinitely for refusing to decrypt hard drives loses appeal
(DBN)

A man accidentally texted a prosecutor about a drug swap
(DBN)

Trump Sics Lawyers on Teen for Making Silly Site Where Kittens Punch Him
(DBN)

Hundreds of 9/11 Families File Lawsuit Against Saudi Arabia
(DBN)

Lawyer for whistleblower's family falls out of apartment building before court date
(DBN)

Highly detailed security footage shows the entire route taken by Tom Brady's alleged jersey thief
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Judges:

Trump's Supreme Court pick is pressed on whether he could rule against the president Joviality at Neil Gorsuch's Hearing Masks Drama Behind the Scenes Democrats can't agree whether to fight Trump’s Supreme Court nominee's confirmation Gorsuch Hearings Day 1: If This Is All The Dems Got, They Best Go Home Gorsuch: Trump's attacks on judges are 'disheartening' and 'demoralizing' President Trump's sanest decision What Does Judge Gorsuch Believe? Elizabeth Warren Calls for Postponement of Gorsuch Hearing Until After Trump FBI Investigation Trump's Supreme Court pick has testy exchange with top Democratic senator over his work as a professor Judge Gorsuch and the frozen truck driver Supreme Court nominee Neil Gorsuch evades tough questions at confirmation hearing Gorsuch Says Roe v. Wade Is Precedent GOP senator asks Trump Supreme Court nominee famous Reddit question about horse-sized ducks and duck-sized horses Sorry Neil Gorsuch — American judges are just as partisan as everyone else Gorsuch Would’ve Walked If Trump Asked About Overturning Abortion Precedent On Key Issues, Judge Gorsuch Is Pro-Presidential Power On The Subject Of Women: Why Neil Gorsuch’s Off-Handed Comments Are A Problem Senator Ted Cruz Definitely Has Huge Man Crush on Neil Gorsuch Gorsuch's Nomination Is the Fruit of a Broken Confirmation Process Emails show Neil Gorsuch was a fan of a leading anti-voting rights activist Gorsuch Denies Ever Saying Women Manipulate Maternity Leave and Then Ditch Their Jobs Colorado Law School Says It Didn’t Inform Neil Gorsuch Of A Complaint From A Women Student Al Franken Crossed the Line With Gorsuch Chastising ‘He’s an Outstanding Judge’: Gorsuch on Obama’s SCOTUS Pick Merrick Garland
(DBN)

Fewer Than Half Of Likely Voters Can Name A Single Supreme Court Justice
(DBN)

Breastfeeding Mom Told To Pump Next To Courthouse Urinal
(DBN)

The History of Stolen SCOTUS Seats
(DBN)

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Wall Street:

Selloff in U.S. stocks set to pick up again as ‘Trump trade’ dwindles
(DBN)

US close : Stocks end sharply lower as financials drop US stocks sink to biggest losses this year
(DBN)

Dow sheds 200 points as financials tumble 2.5%
(DBN)

Markets fret as Trump agenda shows signs of cracks Don’t look now, but the market’s big money is eyeing the exit Here’s the latest sign that the ‘Trump trade’ is losing traction Gartman says US stocks set for 5% correction … or perhaps something far worse
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Layoffs:

Rideout Health to lay off 106 employees
(DBN)

San Diego: Coca-Cola to lay off 102
(DBN)

PHH laying off more employees in New York
(DBN)

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

Cuomo: Hospitals will go bankrupt if ACHA passes
(DBN)

A 'Trumpcare' showdown is looming between conservatives and Republican leaders Trump, GOP struggle to find healthcare votes Freedom Caucus threatens formal opposition to Obamacare replacement bill barring dramatic changes by Wednesday night The controversial New York 'giveaway' in the GOP healthcare bill would shaft some Republican parts of New York GOP Plan Doesn't Cure Health Fears for Small Businesses Trump to GOP critics of health care bill: 'I'm gonna come after you' We Fact-Checked Lawmakers’ Letters to Constituents on Health Care Trump: If you vote against the healthcare bill, 'many of you will lose your seats in 2018' Trump says he wants to tackle drug pricing in the GOP's Obamacare replacement plan Republicans just released big changes to their Obamacare replacement bill days before its most important vote yet Failure to Repeal Obamacare Would Endanger Tax-Cut Goals, Some in GOP Warn Trumpcare is just bad politics: Paul Ryan's bill gets worse, in a last-ditch effort to save it Health Care Bill Gets Tune-Up as House Barrels to Vote The GOP Obamacare replacement bill is quickly becoming a 'universally detested piece of legislation' Trumpcare Is Worse Than Simply Repealing Obamacare MI. Gov. Warns on Health Bill's Impact A Republican Health Care Bill in Search of a Problem The GOP’s Charge of the Obamacare-Lite Brigade Trump's biggest Obamacare bloopers 24 hours in a Detroit ER: on the frontline of America's healthcare debate
(DBN)

Once Prominent NY Doctor Files for Bankruptcy , Blames Ex
(DBN)

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Politics:

Elizabeth Warren has a major issue with Trump’s new pick for Labor Secretary Questions linger over whether labor nominee Alexander Acosta will stand up for workers US Labor nominee Acosta says he'll advocate for workers Carl's Jr./Hardees CEO, Trump's pick for Labor, retires
(DBN)

Trump ex-campaign chairman Manafort secretly worked to 'benefit the Putin Government' Manafort Probes Put Skadden's Ukraine Work in Spotlight Manafort Tried to Hide $750,000 Payment Officials: No Evidence of False Vote Tallies Paul Manafort faces fresh accusations in Ukraine after document find As White House seeks distance, former campaign chairman Manafort faces new allegations Manafort sought for questioning – in DC and Kiev Why Trump-Russia Nightmare Will Get Worse
(DBN)

WSJ's Blistering Trump Editorial Trump's Credibility Crisis Arrives
(DBN)

Trump SEC Pick Set for Contentious Reunion With Elizabeth Warren
(DBN)

Tillerson: 'I didn't want this job ... My wife told me I'm supposed to do this'
(DBN)

The Best And Worst States For Business: 90% Of The Top 10 Voted For Trump; 80% Of The Bottom 10 Voted For Clinton
(DBN)

Ivanka Trump to get top security clearance and office, WH official says
(DBN)

Republicans still won't disavow Trump's wiretapping claim How the White House Got James Comey Wrong
(DBN)

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Wine:

Ruined, Missing Wine leads to Million Dollar Hangover for Debtor
(DBN)

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Economy:

Consumer Confidence Is High, So Why Is Spending So Weak?
(DBN)

Fed Looks Past Trump Stocks Rally, Sees Same Old Tired Expansion
(DBN)

There's a reason the job market doesn't feel like it's back to normal
(DBN)

The Crisis of the Middle Class and America
(DBN)

One key stumbling block is causing Wall Street to question Trump’s whole economic agenda
(DBN)

Why Trump's Tax Cut May Be Later and Smaller Than Investors Think The Good Idea in the Republican Tax Plan US Must Use WTO Rules During Tax Overhaul
(DBN)

Trump has singled out Mexico. But some say NAFTA’s real challenge is to the north
(DBN)

Crops rot as workers vanish to avoid crackdown Heartland farmers that helped elect Trump are now pushing him to avoid a trade war with Mexico
(DBN)

How the US Became an Economic Superpower
(DBN)

A top Fed official just trolled Jamie Dimon in a fascinating, first-of-a-kind Twitter Q&A
(DBN)

How We All Advance Trump's Border-Control Agenda
(DBN)

Where The Wealthiest Live: Cities With The Most Billionaires
(DBN)

Fact Check: "There's no demonstrable evidence they (after-school programs that feed kids) are helping kids do better at school."
(DBN)

Chemical Activity Barometer increases in March
(DBN)

GOP Health Plan Reduces the Federal Deficit by $2.4 Trillion Over Two Decades Budget Group Says Changes to AHCA Negate Half of Deficit Savings
(DBN)

Getting basic income right
(DBN)

Trump’s ‘big, beautiful wall’ will require him to take big swaths of other people’s land
(DBN)

Chemical execs optimistic sanity prevails on border taxes, protectionism
(DBN)

The Great Baby Boomer Retirement Plan: Downsize your life
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

Economic Indicators Dashboard
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Real Estate:

Chapter 13 Alert: Lenders Must Confirm All Mortgage Payments Made By Borrower During Chapter 13 Plan
(DBN)

Demand for houses still grows despite interest rates increasing
(DBN)

Pence Aide Says ‘Principles’ for GSE Reform Likely in Coming Months
(DBN)

"Mortgage Rates at 2 Week Lows"
(DBN)

How Goldman Sachs Wins, and You Lose, From Its Mortgage Crisis 'Punishment'
(DBN)

Shopping malls are the next big short
(DBN)

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Municipalities:

Jones Day calls Duggan 'political hack' over claims Kevyn Orr's Law Firm Blasts Duggan with Explosive Language
(DBN)

Michiganders say emergency managers wield too much power Local Leaders More Likely to Support than Oppose Michigan's Emergency Manager Law, But Strongly Favor Reforms
(DBN)

Amid Puerto Rico's financial crisis, communities fight to keep schools
(DBN)

Puerto Rico and the Netherworld of Sovereign Debt Restructuring
(DBN)

Congress calls a hearing as Puerto Rico board plays it down the middle
(DBN)

Puerto Rico can't kick the creditor can down the road
(DBN)

Puerto Rico Governor In Miami To Leverage Reform – And South Florida's Puerto Ricans
(DBN)

Oversight Hearing on The Status of the Puerto Rico Electric Power Authority (PREPA) Restructuring Support Agreement
(DBN)

Local General Obligation Bondholders Applaud Governor Rossello for Putting Puerto Rico First
(DBN)

Trump Tries to Turn Up the Heat on Sanctuary Cities
(DBN)

Even San Francisco, Flush With Tech Wealth, Has Pension Problems
(DBN)

The Trump administration has started naming and shaming 'sanctuary cities'
(DBN)

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Oil/Gas:

Goldman: OPEC's oil production cuts were smart but they're having unintended consequences
(DBN)

Oil Prices Fall As Markets Lose Faith In OPEC Output Cut Extension Oil prices slide on bulging US crude inventories Oil Heads Lower As Traders Sell The Rumor
(DBN)

Oil's Bad Timing Pressures Drillers as Banks Review Loans
(DBN)

Montco Offshore Chapter 11 Bankruptcy
(DBN)

The Thirteenth Labor of Hercules: Bankruptcy Court Confirms Hercules Offshore Chapter 11 Plan, Approving Debtor Releases Over Committee Objections
(DBN)

Oil, Gas Job Recovery Much Slower Than Industry Rig Count, Spending Growth
(DBN)

Bankrupt offshore contractor Emas Chiyoda to sell Texas facility
(DBN)

Chaparral Energy announces emergence from Chapter 11 bankruptcy
(DBN)

Court Approves Ultrapetrol's Chapter 11 Plan
(DBN)

King Oil Is Dead; Long Live The King
(DBN)

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Apparel:

Traders are making huge bets against Nike
(DBN)

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Travel:

US and UK ban laptops and other devices on flights from Middle East Tech and terrorism experts question Trump's airline electronics ban: It 'makes absolutely no sense' The Many Mysteries of the Muslim Laptop Ban
(DBN)

More Americans Try to Fly with Guns
(DBN)

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Retailing:

Gordmans stores attract 2 bidders in bankruptcy court
(DBN)

Bebe Stores -25% said to close stores, hoping to stave off bankruptcy Bebe Plans to Shut Its Stores and Focus on Web Sales
(DBN)

Retailers Closing the Most Stores
(DBN)

The retail apocalypse has officially descended on America
(DBN)

Payless preps for bankruptcy filing Payless Is Said to Be Filing for Bankruptcy as Soon as Next Week
(DBN)

Sears Acknowledges 'Substantial' Fears It Could Go Bankrupt Sears and Kmart owner says 'substantial doubt' it can stay in business Parent of Sears and Kmart Issues Warning as Its Losses Mount Sears warns of 'going concern' doubts
(DBN)

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Advisors:

Carl Marks Advisors Expands Restructuring Advisory Team with the Addition of Steven F. Agran
(DBN)

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Debt Collection:

Debt collection firm files bankruptcy; owes $460M
(DBN)

Another Court Rules No FDCPA Violation For: “This settlement may have tax consequences. Please consult your tax advisor.”
(DBN)

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Student Debt:

How we got to $1 trillion in debt: An illustrated history of student loans in America
(DBN)

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Distressed Investing:

Distressed debt , event driven hedge funds see highest returns in 2017
(DBN)

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New Bankruptcy Opinions
(8 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (12 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (11 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)

14th Annual TN Bankruptcy Forum
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Bankruptcy Statistics:

Consumer Discretionary Leading The Pack For New Ch. 11 Filings
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Bankruptcy Reform:

American Bankruptcy Institute Forms Commission on Consumer Bankruptcy
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Bankruptcy Policy:

The Role of the Court in Debt Restructuring
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Mediation:

If I Were a Bankruptcy Judge, I’d be Promoting Mediation Now
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Sovereign Immunity:

Courts Continue Trend of Recognizing Tribal Immunity in Bankruptcy Proceedings
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Corporate Governance:

Officers and Directors of Public Companies, Beware of New Bankruptcy Quicksand
(DBN)

The role of the board in crisis scenarios
(DBN)

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Arbitration:

Restoring the Fresh Start: Amending the Bankruptcy Code to Preclude Class-Waiving Arbitration Clauses in Discharge Injunction Violation Disputes
(DBN)

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Banking:

Top Fed official likens Wells Fargo fraud to mortgage crisis
(DBN)

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Politics:

FBI wiretapped Trump Tower in 2013 to bust Russian mobsters headquartered inside
(DBN)

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Nuclear:

Fears for Moorside as Toshiba 'lining up' $500m bankruptcy
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Waste:

Green Box ready to emerge from bankruptcy
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Mass Torts:

Asbestos 'double-dipping' reform bill nixed by Idaho statehouse committee
(DBN)

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Defense:

Lockheed Martin CEO is seeing a 'Trump effect' as NATO members boost defense spending
(DBN)

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Autos:

Vintage car dealer faces angry consigners in bankruptcy hearing
(DBN)

Takata shares drop on reports of carmaker-led push for restructuring
(DBN)

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Software:

Innovative Objects' bankruptcy proceeding dismissed
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Aviation:

Erickson Inc. Plan of Reorganization Confirmed by Bankruptcy Court
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Coal:

Nine-tenths of coal miners are gone
(DBN)

The global coal boom finally seems to be winding down
(DBN)

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Corporate Reform:

New Executive Order Aimed at Deregulation Includes CFPB Mr. Trump Goes After Consumer Financial Protection Bureau
(DBN)

Justice Department Calls CFPB’S Structure Unconstitutional
(DBN)

CFPB Opponents Suggest Trump Could Use DOJ to Justify Firing Cordray
(DBN)

Tensions escalate at House hearing on constitutionality of the CFPB
(DBN)

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UK:

Rules of Engagement for Creditors – New Insolvency Rules In Force 6 April 2017
(DBN)

Brexit Bulletin: Activate the Contingency Plans
(DBN)

The EU is going to sue Britain if it doesn't pay its £50 billion Brexit divorce bill
(DBN)

Brexit - biggest legal train crash in modern history
(DBN)

A post-Brexit immigration clampdown is going to really hurt 3 of Britain's key sectors
(DBN)

Inflation will impose a brutal test on the UK economy — and the Bank of England is worried companies will fail
(DBN)

Bad Times for Brits' Brexit Retail Therapy
(DBN)

Linklaters promotes eight to partnership in London in largest promotions round since 2008
(DBN)

Goldman to add "hundreds" of jobs in Europe ahead of Brexit as it starts to move staff out of London
(DBN)

UK households most downbeat about outlook since 2013 - Markit
(DBN)

Top British bosses earn nearly 400 times more than minimum wage
(DBN)

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PIIGS:

Is Italy Europe’s Next Big Worry?
(DBN)

Greek police intercept eight suspect packages that targeted bailout creditors
(DBN)

Greece, creditors stepping up talks as debt deadline looms
(DBN)

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Canada:

Lexin oil firm in receivership after licenses suspended
(DBN)

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Singapore:

Here's how the Ezra bankruptcy filing is impacting Triyards Triyards flags $38m exposure to Ezra Ezra Bankruptcy Adds to Singapore’s Sorry Offshore Marine Story
(DBN)

Telcos, oil and gas concerns weigh on STI
(DBN)

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India:

Insolvency Board Lays Down ‘Fit And Proper’ Criteria
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