March 8, 2017

The Daily Bankruptcy News

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Law:

Top 50 US law firms partner charge 40 per cent more than next tier
(DBN)

The Untold Story Behind Big Law Mergers: Revenue Slips, Costs Rise
(DBN)

Greenberg Traurig Makes Steady Gains in 2016
(DBN)

Broad and Cassel Bolsters Health Care, Bankruptcy Groups with Focus on Insolvency, Adds Two Partners from GrayRobinson
(DBN)

Which law school is producing the most BigLaw associates?
(DBN)

Leaked: Are These The 2018 U.S. News Law School Rankings?
(DBN)

Independent Law Schools And The Last Buggy Whip Manufacturer
(DBN)

Justice Nominee Won't Commit to a Russia Special Prosecutor
(DBN)

Morgan Lewis embraces remote working
(DBN)

Faegre Baker Daniels revamps firm management
(DBN)

Blank Rome Boosts Revenue 22 Percent Amid Major Growth Spurt
(DBN)

Law students plan to spend spring break representing immigrant families pro bono Chatbot now available for refugee asylum advice
(DBN)

White House counsel’s office is staffing up team of lawyers, with 26 total so far Making The White House Counsel’s Office Great Again
(DBN)

Trump Hires 15 Lawyers From Big Law
(DBN)

Trump to Nominate Noel Francisco to Be Solicitor General Trump Picks Former Jones Day Partner as Solicitor General
(DBN)

President Trump Probably Having Second Thoughts About His Biglaw SEC Pick
(DBN)

House Poised to Pass Bills Overhauling Civil Litigation
(DBN)

In It For The Long Run
(DBN)

The 'Functioning' Alcoholic Lawyer: Where's the Harm?
(DBN)

Beyond Biglaw: Taste Your Merchandise
(DBN)

'There are enough ambitious men around' - female practice heads on making it to the top
(DBN)

The Truth About The Gig Economy
(DBN)

Do Attorneys Really Need Tablets?
(DBN)

Threats force Jewish centers across the US to evacuate All 100 senators appeal to Trump administration: Jewish center threats 'are not isolated incidents,' they're 'accelerating' White House denounces new wave of 'anti-Semitic and hateful' threats against Jewish centers
(DBN)

The coach who taught Sheryl Sandberg to communicate better says there's a surefire way to turn people off in a conversation
(DBN)

Sen. Al Franken Accuses Sessions Of Perjury
(DBN)

Classic Legal Movie Gets Shout-Out From D.C. Circuit
(DBN)

Idaho May Legalize Dachshund Racing
(DBN)

After Racist Rant, Houston Lawyer Agrees to Pay $1,800 to Minority Bar Association
(DBN)

Northern Trust + IBM Blockchain to Disrupt Private Equity Lawyers
(DBN)

S-- And Undisclosed Asset Get Bankruptcy Attorney Suspended
(DBN)

Lawyers on Notice: Harassment and Discrimination Can Endanger Your License
(DBN)

‘I Don’t See Anything Wrong With It’: Sheriff Admits to Using Offensive Term for Black Staff
(DBN)

Casey Anthony tells AP: 'I didn't do what I was accused of' Things to know about the Casey Anthony case 6 years later
(DBN)

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Judges:

Scalia’s papers donated to Harvard Law, although some won’t be available for viewing anytime soon
(DBN)

Man Subjected to Courtroom Shock Sues Judge
(DBN)

Judge Posner Gets a Little Frisky in Class Action Ruling
(DBN)

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Wall Street:

US stock index futures flat
(DBN)

Stocks close lower as financials and materials lag; March rate hike becomes more likely
(DBN)

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Layoffs:

Commerce Sec: If We Don't Employ Robots, Everyone Else Will
(DBN)

United sheds 300 managers
(DBN)

Federal Cartridge lays off 110
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Corporate Reform:

Goldman Sachs: Trump's regulatory reform will benefit 3 banks more than the others
(DBN)

United States flips sides, supports PHH in case against CFPB
(DBN)

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Corporate Governance:

A $2.5 trillion asset manager just put a statue of a defiant girl in front of the Wall Street bull to add more women to their boards
(DBN)

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Guns:

Obama Leaves Office And Gun Sales Collapse Gun sales are stuck in a Trump slump
(DBN)

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Politics:

The Death of Community and the Rise of Trump House Intel Chief: Zero Evidence for Trump Wiretapping Claim U.S. Senate Democrats make Trump tax returns a national security issue Krugman: A Party Not Ready to Govern Official NPS Photos Show President Trump's Inauguration Was Smaller Than Obama's 'This is ridiculous': White House official denounces 'conspiracy' about Trump and Russian billionaire 'Disingenuous and absurd': White House slams resurfaced reports of Trump meeting with the Russian ambassador FactCheck: Trump on Gitmo Releases
(DBN)

Ivanka Trump clothing line reports record sales
(DBN)

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Accounting:

MF Global, PricewaterhouseCoopers Face Off as $3 Billion Malpractice Lawsuit Begins Did The Accountants Kill MF Global? Jury To Decide In $3 Billion PwC Suit MF Global, PwC blame each other for MF Global's collapse
(DBN)

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Non-Profits:

What Can You Do When Your Adoption Agency Goes Bankrupt ?
(DBN)

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Fraud:

Madoff Investors' $65B Suit Against Picower Tossed In NY
(DBN)

PwC blames Corzine for MF Global collapse as trial begins Corzine Blamed for MF Global's Demise in PWC's Trial Defense PwC mounts robust defense in MF Global malpractice suit MF Global, PricewaterhouseCoopers Face Off as $3 Billion Malpractice Lawsuit Begins
(DBN)

Caterpillar Accused of Federal Tax Fraud
(DBN)

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Nuclear:

Toshiba speeds up study into Chapter 11 filing for ailing U.S. nuclear unit Westinghouse
(DBN)

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Imaging:

Kodak turns first annual profit since bankruptcy
(DBN)

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Bitcoin:

MTGOX's bankruptcy trustee updates on US seized funds release
(DBN)

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Economy:

Atlanta Fed reduces U.S. first-quarter GDP view to 1.3 percent
(DBN)

5 ways the Fed rate hikes will hit global markets Fed may start kicking rate hikes ‘old school’: Gundlach Fed to make sequential hikes until 'something breaks,' Gundlach says
(DBN)

US Industrial Rebirth is a Dead End
(DBN)

Beyond the Unemployment Rate
(DBN)

Tough-talking Trump charms CEOs
(DBN)

Trump to meet with business leaders on infrastructure
(DBN)

US trade deficit jumps to five-year high on imports Trade Deficit at $48.5 Billion in January
(DBN)

Trump is reportedly considering a controversial new way to pay for the wall
(DBN)

What the Nobel Prize winner in economics has in common with Donald Trump
(DBN)

Handing Out Business Tax Breaks Is Worse Than Useless
(DBN)

NAFTA Fight Would Only Hurt Investment, Canada Warns
(DBN)

Trump adviser Carl Icahn is betting against the Trump rally
(DBN)

The Growing Gap Between Jobless Claims and Job Losses
(DBN)

Trump's immigration policy is bad news for US stocks and bonds
(DBN)

There's a new 'most dangerous' man in global economics
(DBN)

This indicator on the health of the global economy is growing at the fastest pace in 6 years
(DBN)

America's dwindling birth rate will have a big impact on the economy
(DBN)

Questions About Loyalty to Trump Stall Mnuchin’s Treasury Picks
(DBN)

The flawed labour logic of Trump's reshoring agenda
(DBN)

Americans increasingly accumulate the wrong kinds of debt
(DBN)

The 15 best US states to start a business
(DBN)

Hawking: Technology May Doom Us All
(DBN)

'Border Adjustment Tax' Just Means New Loopholes
(DBN)

Border Tax Fans Fail to Consider Stronger Dollar
(DBN)

Cuts to Coast Guard, TSA for Border Wall?
(DBN)

Most of the highest paying jobs in the U.S. sound either weird or boring
(DBN)

Thiel: Trump's election showed 'the tide is going out' on globalization
(DBN)

A Day Without a Woman: What you need to know
(DBN)

Watchdog to ask US lawmakers to probe Icahn's role with Trump
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

House Prices up 6.9% Year-over-year in January
(DBN)

The number of active listings at Trump Tower has soared since 2015
(DBN)

Borrowers rush to beat rising rates, pushing mortgage volume 3.3% higher MBA: Mortgage Applications Increase in Latest Weekly Survey
(DBN)

Housing inventory in Northwest plummets to lowest point ever
(DBN)

Phoenix Real Estate in February: Sales up 13%, Inventory down 11% YoY
(DBN)

Las Vegas Real Estate in February: Sales up 5.2% YoY, Inventory down Sharply
(DBN)

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Municipalities:

Puerto Rico turnaround plan seen under microscope of creditors, board
(DBN)

America is turning Puerto Rico into Greece
(DBN)

Puerto Rico’s Troubles Show How Pension Funds Squeeze Young Teachers
(DBN)

Puerto Rico seeks to boost liquidity amid increased funding gap
(DBN)

VI: Even With Passage Of Sin Taxes, 72-Hour Work Week, Other Austerity Measures Still On The Table, Government House Says
(DBN)

Grant County hopes wage tax will avoid bankruptcy
(DBN)

Happiest and Most Miserable Cities in America
(DBN)

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Oil/Gas:

OPEC will intervene in oil market for only 'restricted period of time,' says Saudi oil minister Saudi oil minister says no 'free rides' for non-OPEC producers
(DBN)

Saudi says OPEC deal invigorating US shale industry
(DBN)

OPEC, Russia show unified front on production deal and acceptance of shale comeback
(DBN)

Oil to hit $40 if OPEC fails to expand cuts, Pioneer says
(DBN)

IEA: Huge Oil Price Spike Inevitable
(DBN)

Trump Needs Higher Oil Prices For His Infrastructure Plan
(DBN)

Oil Prices Slide After API Reports Large Crude Build
(DBN)

OPEC Said to Break Bread With Shale in Rare Show of Detente
(DBN)

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Healthcare:

'Obamacare 2.0' 15 Million May Lose Health Insurance Conservatives Who Don't Like New ACA Repeal Top Trump health official puts the administration all in on the House GOP Obamacare plan GOP's Health Plan Draws Skepticism on Capitol Hill Koch Groups Slam ACA Replacement Bill What Insurers Like and Dread About GOP's Plan to Replace Obamacare Poll: Majority Wants to Keep Obamacare Health-Care Overhaul Gets a Shrug From Wall Street Conservatives revolt on the GOP's Obamacare replacement Conservative media outlets are turning against the Republican Obamacare replacement plan Republicans' Sickly Obamacare Replacement Obamacare Replacement Bill is DOA Did Paul Ryan intentionally sabotage his own health care plan? Is Ryancare’s ‘Lapsed Coverage’ Surcharge Unconstitutional Under Roberts’s Obamacare Precedent? What if there's no affordable insurance to buy? Trump’s Obamacare replacement has these 6 improvements Republican Lawmaker: Buy Health Insurance Instead of a New iPhone
(DBN)

How Republicans’ Obamacare-Repeal Plan Would Affect the Health Sector Hospitals Against ACA Replacement
(DBN)

Healthcare stocks slide after the GOP releases its plan to repeal Obamacare
(DBN)

Trump tweets that he's working on a 'new system where there will be competition in the drug industry' Trump Sends Pharma Stocks Down With New Tweet on Drug Prices
(DBN)

Pressure over drug prices heats up — now the healthcare industry is starting to turn on itself
(DBN)

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Retailing:

Store closures will push 30% of US malls to the brink of death
(DBN)

HHGregg Bankruptcy : What's Next for the Struggling Retailer?
(DBN)

Why sporting goods stores are down for the count
(DBN)

RadioShack Looks Like It's Going Bankrupt Again Is Fort Worth icon RadioShack gone for good? Stores closing as parent company eyes bankruptcy
(DBN)

Next on the retail chopping block: Gordmans? Gordmans calls bankruptcy report 'rumor or speculation'
(DBN)

Retail Bankruptcies Don't Always Help Surviving Rivals
(DBN)

Why Sears Is Sinking
(DBN)

Is J.C. Penney's Comeback in Trouble?
(DBN)

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Mass Torts:

Idaho House panel rejects asbestos lawsuit bill
(DBN)

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Pharma:

KaloBios Bankruptcy Plan, Shkreli Settlement Win Court Approval
(DBN)

Trump Promises to Lower Drug Prices
(DBN)

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Student Debt:

Students punished with current bankruptcy laws
(DBN)

Student loan debt bubble expands
(DBN)

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Food/Beverage:

Bankruptcy trustee to be appointed soon for Perkins parent company
(DBN)

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New Bankruptcy Opinions
(7 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (33 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (25 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:

Feb. Bankruptcy Filings Down 10% from 2016, Chapter 11 Filings Down 20%
(DBN)

February Total Bankruptcy Filings, 2007-17
(DBN)

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Committees:

Equitable or Equity Committees: Lessons from Recent Cases
(DBN)

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Avoidance Actions:

Modernizing New York’s Fraudulent Conveyance Laws
(DBN)

Executoriness for Purposes of Kiwi Defense to Preference Action Determined on a Contract by Contract Basis; Purchase Orders Issued under Master Agreement Were Separate Divisible Contracts
(DBN)

Extra-territorial Transfers Don’t Phone Home: Revisiting the Presumption Against Extraterritoriality in Ampal–American
(DBN)

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Litigation:

Getting the Most Bang for Your E-Discovery Buck through Early Planning
(DBN)

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Lien Stripping:

New Jersey Bankruptcy Court Allows Debtor to Strip Lien Securing Spousal Obligation
(DBN)

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Mediation:

Even “Failed” Mediations Have Value
(DBN)

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Bankruptcy Crimes:

Wilmington woman sentenced for bankruptcy misrepresentation
(DBN)

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Tax:

The IRS Just Invited More Tax Cheating by the Public
(DBN)

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Shipping:

AlixPartners: Carriers Start 2017 with Grim Outlook
(DBN)

Danaos Corporation In Deep Water - Bankruptcy Near?
(DBN)

Shipping consolidation ahead as industry sails on from three decade lows
(DBN)

HMM Will Sell Ships for Funding
(DBN)

Maher Terminals Cleared to Sell Hanjin Containers
(DBN)

Bourbon fixes deal with creditors Bourbon Offshore reached debt restructuring agreement with creditors
(DBN)

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Coal:

Trump's Sisyphean Coal Revival Requires A Battle With The Free Market
(DBN)

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Solar:

Brookfield to take control of SunEdison units for $1.41 bln
(DBN)

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Theater:

Landmark Jersey Shore theater, rising from bankruptcy, is set to reopen
(DBN)

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Education:

Trustee prepares for next round in ITT bankruptcy
(DBN)

Could legal technicality derail Trump U settlement?
(DBN)

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Telecoms:

Bankrupt Avaya enters asset purchase agreement Troubled Avaya takes Extreme option, flogs network biz for $100m
(DBN)

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Religion:

Catholic Church of Guam sets up $1M abuse settlement fund
(DBN)

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Distressed Investing:

Peabody Energy - Death Of The Junk Bond Market As We Know It
(DBN)

Trouble Brewing in High-Yield Debt, Commodity Investor Warns
(DBN)

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Fashion:

One of the most talked-about millennial fashion brands is under fire from customers who claim it's not fulfilling orders
(DBN)

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Gambling:

Atlantic City casino owner fights rules that others meet
(DBN)

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Celebs:

‘Dance Moms’ Could Be Losing Abby Lee Miller
(DBN)

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Awards:

University of Florida School of Law Wins 25th Annual Conrad B. Duberstein National Bankruptcy Moot Court Competition
(DBN)

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Newspapers:

NY Times publisher takes 13% Pay Cut
(DBN)

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Debt Collection:

SCOTUS Poised to Decide Whether Debt Buyers Are Subject to the FDCPA
(DBN)

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UK:

The Issue of Women Being Forced to Wear High Heels at Work Reaches U.K. Parliament
(DBN)

No winding-up petition? No problem.
(DBN)

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PIIGS:

Lenders extend Athens consultations on bailout review – sources Some Progress Made in Greece- Creditors Talk Greece near technical agreement with creditors , gov't spokesman says
(DBN)

Monte Paschi Said to Seek Fast Sale of Debt After EU Consent
(DBN)

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Canada:

Essar Steel Algoma Creditors to Move Ahead With Takeover Following Court Ruling Monitor comes out on top in Algoma Steel oppression action
(DBN)

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China:

China Shifts Stance, Letting Dying Firms Go Bankrupt
(DBN)

Payless’ Financial Struggles Could Send Multiple China-Based Factories Into Bankruptcy
(DBN)

China tries cure by committee for corporate debt hangover
(DBN)

State-Owned Creditor Seeks to Reorganize State-Owned Mining Company
(DBN)

Yingli Could Be Circling The Drain
(DBN)

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Brazil:

Brazil tumbles deeper into its worst ever depression
(DBN)

Pharol's Mora resigns from board of Brazil's Oi
(DBN)

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