May 10, 2017

The Daily Bankruptcy News

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Law:

Post-Gaming the Dewey Trial: A Win for Cyrus Vance?
(DBN)

For Junior Associates, Going In-House Is Risky
(DBN)

Six Types of Law Firm Clients
(DBN)

Beyond Biglaw: What’s A Case Worth?
(DBN)

Law prof’s suit says she suffered PTSD because her school failed to stop harassment by student
(DBN)

Why Do Law Professors Write Law Review Articles?
(DBN)

Meet A New Law School Dean: An Interview With Judge Gail Prudenti
(DBN)

The Law Schools With The Lowest (And Highest) Acceptance Rates
(DBN)

Former security guard suspected of killing two Boston doctors in their luxury condo
(DBN)

Judge throws out Aaron Hernandez murder conviction • Judge cites common law doctrine in vacating Aaron’s Hernandez’s murder conviction • Aaron Hernandez Gang Affiliations Revealed
(DBN)

Sessions mulls bringing back harsher charges for low-level drug crimes
(DBN)

Acting Solicitor General Admits ‘Muslim Ban’ Would Be Unconstitutional, Says This Isn’t A Muslim Ban • Judges press Trump's lawyer on intent of travel ban reboot • Trying to Make Trump's Muslim Ban Disappear
(DBN)

Trump fires FBI director • Trump fires FBI Director James Comey • 'The canary in the mine has died' - US partners react to Trump's firing of FBI director Comey • White House officials deflect Russia probe questions after Trump fires FBI director • 'This is not normal. This is not politics as usual' — A former federal prosecutor scorches FBI director's firing • Giuliani Says He's Not A Candidate For FBI Director • Comey's Firing Is a Crisis of American Rule of Law • Deputy AG says he 'cannot defend' Comey's handling of FBI's investigation of Clinton emails • Justice Department was told to come up with reasons to fire Comey, reports say
(DBN)

Philly DA hit with new corruption charges
(DBN)

ACLU issues Texas travel warning after state adopts sanctuary cities ban and sues to enforce it • TX; Border Town Sues Over Sanctuary City Law
(DBN)

A Netflix First Features New Lawyers
(DBN)

Diddy's ex-chef says he made her bring him food during s--, then fired her for complaining about it
(DBN)

Man accused of murder asks to show p---- to jury
(DBN)

Free Speech Can Get Awkward, a Small Town Discovers
(DBN)

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Judges:

Trump Pushes to Fill Federal Bench Vacancies With Conservative Nominees
(DBN)

5th Circuit upholds fine for lawyer who refused judge’s request for a yes-or-no answer
(DBN)

T14 Law Professors Show Strong Support For Trump’s Sixth Circuit Nominee
(DBN)

Rice Chides Trump for Bashing Courts
(DBN)

Wilson Sonsini snags former Delaware Supreme Court justice
(DBN)

PA Supreme Court urged to rethink removal of judges in case-fixing scandal
(DBN)

Anthony Kennedy's Choice
(DBN)

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Wall Street:

U.S. stocks poised to edge lower after Trump abruptly fires FBI’s Comey
(DBN)

Dow, S&P 500 close lower as Nasdaq notches record finish
(DBN)

Wall Street's 'Fear Index' Has Hit a Two-Decade Low
(DBN)

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Layoffs:

More Robots, Fewer Jobs
(DBN)

Supply-chain tech company plans 156 layoffs
(DBN)

CT: State Employee Layoffs of 1,000 Could Begin This Week
(DBN)

Layoffs hit major NM health care company
(DBN)

Davis Vision to lay off 151 workers
(DBN)

Security company SureID hit with 160 layoffs
(DBN)

Parexel will cut as many as 1,200 jobs
(DBN)

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Politics:

James Comey fired as FBI Director • Trump’s Tuesday Night Massacre • Comey’s Firing Is—and Isn’t—Like Nixon’s Saturday Night Massacre • James Comey and Donald Trump: A comprehensive timeline of events leading up to the firing • 4 Big Questions Raised By Trump’s Decision to Fire FBI Director James Comey • Trump's firing of Comey isn't likely to end well for Trump • Comey firing: 'No one should accept Trump's absurd justification,' Sen. Leahy says • Lawmakers call for independent Trump-Russia probe, question firing of FBI director • Trump's firing of Comey seems 'suicidal' — but it could 'energize' the Russia probe • Democrats: Comey firing ‘Nixonian’ • White House spokesperson: 'It's time to move on' from the Trump-Russia probe • America has reached 'an even more perilous moment': NYT editorial board eviscerates Trump over James Comey's firing • Trump attacks 'Cryin' Chuck Schumer' in first tweet after firing FBI Director James Comey • Snowden: Comey 'has sought for years to jail me,' but firing him was wrong • FBI agents were reportedly 'in tears' after James Comey was fired • James Comey reportedly learned of his firing from TV news coverage, and he thought it was a prank • Everyone's comparing Trump to Richard Nixon and the 'Saturday Night Massacre' — here's what happened then • 'STAND THE HELL UP': Joe Scarborough goes off on Republicans after Trump fired James Comey • Krauthammer: Comey's firing is 'inexplicable' and 'implausible' • Former Director of National Intelligence James Clapper calls Comey's firing 'a tremendous loss' • The Trump administration was reportedly planning in secret to fire James Comey for days • Trump Fires James Comey For Helping Trump Get Elected • 3 top GOP senators are questioning Trump's decision to fire Comey
(DBN)

Meyers rips Trump for believing Obama’s Flynn warning was ‘in jest’ • Why Did the White House Ignore Sally Yates’s Warning About Michael Flynn? • Sean Spicer calls Sally Yates a 'political opponent' in explaining why Trump ignored her advice • James Clapper gave an intriguing answer when asked about Trump's business ties to Russia • Trump Tries to Blame Obama for Flynn • Trump Calls Russia Probe a Total Hoax • Graham Wants Trump's Taxes for Russia Ties • Firing Comey won't save Trump from the flames of the Russia scandal • Michael Flynn’s Associates Have Reportedly Been Subpoenaed in Russia Probe • CNN: Grand jury subpoenas issued in FBI's Russia investigation
(DBN)

Trump: Congress Has Too Much Power
(DBN)

Republicans and Democrats basically held 2 separate hearings with Sally Yates and James Clapper • Sally Yates Posterizes Ted Cruz
(DBN)

Paul Ryan: 'Trumpcare' will sail through the Senate
(DBN)

Iowa Republican walks out of interview when asked about accepting contributions outside of his district
(DBN)

Telling Trump Fans He’s Betraying Them Won’t Work • Study Finds White Working Class Voted for Trump Because They Feel Like a 'Stranger in America' • It Was Cultural Anxiety, Not Economic Pressure, That Drove White, Working-Class Voters to Trump • Trump's Tepid Congratulations for Emmanuel Macron • Here's How Much It Costs Taxpayers for Donald Trump to Stay at His Weekend Getaways • Republican Senator Graham to examine Trump's business deals: CNN • The knives are out for Trump's national security adviser H.R. McMaster • The Unpersuasive President
(DBN)

Republicans are struggling to recruit top-tier Senate challengers in states where Trump won
(DBN)

Did James Comey Misunderstand the Clinton Email Case?
(DBN)

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Travel:

Tablet-free transatlantic : America may extend its laptop ban to cover flights from Europe
(DBN)

Multiple Arrests at Florida Airport After Spirit Airlines Cancels Flights • Spirit Airlines cancels 11 flights, leading to passenger outrage • Passengers clash with Spirit Airlines employees, police at Fort Lauderdale airport
(DBN)

Reckoning Looms at Penn Station
(DBN)

A United worker threatened to cancel a customer's trip for filming an altercation
(DBN)

United Airlines traps Passengers on Grounded Plane 5 Hrs
(DBN)

Man Sues American Airlines Because His Aisle Was Full Of Fat People
(DBN)

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Retailing:

Annual U.S. Retail Sales Since 1992
(DBN)

Retailers with brick-and-mortar stores face a recession-like swoon
(DBN)

Target to test next-day delivery for household items
(DBN)

Sears was a bigger disruptor than Amazon in its day. It's now close to disaster
(DBN)

Big retailers hope to prove they aren't dying
(DBN)

22 companies defying the retail meltdown by opening hundreds of new stores
(DBN)

Bad news is good news for these mall brands in the resale market
(DBN)

Payless bankruptcy: Landlords express concerns about April rent payments
(DBN)

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Gambling:

Trump's '8th Wonder of the World' Sold for Fraction of Cost
(DBN)

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Debt Collection:

Jury says co. violated FDCPA by sending consumers settlement letters for debts that already expired
(DBN)

Searching For The Meaning Of “Meaningful Involvement” • U.S. Supreme Court Rejects “Meaningful Attorney Involvement” Case
(DBN)

Baker Donelson's Craig Nazarro on the definition of "debt collector" at SCOTUS
(DBN)

Treasury Awards Contracts for Collection of Non-Tax Debt; Could Student Loans Be Next?
(DBN)

"Deceitful" hedge fund founder Kapur out of jail for contempt over unpaid $30 million
(DBN)

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Asset Protection:

Distributions Due Or Made From A California Spendthrift Trust Available To Creditors In Carmack
(DBN)

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Economy:

US has 5.7 million job openings , near record high • Job openings unexpectedly tick up • Job openings flat in March as economy took a breather • March JOLTS job openings 5743K vs 5725K expected • U.S. Job Openings at Eight-Month High • BLS: Job Openings "little changed" in March
(DBN)

Monthly Job Hires and Turnover Since Jan. 2001
(DBN)

NFIB: Small Business Optimism Index decreased in April
(DBN)

Consumers are getting more pessimistic about their spending plans
(DBN)

New NAFTA
(DBN)

Earnings Gap Over U.S. Workers Grows for S&P 500 CEOs: Union Report
(DBN)

You’re not getting a raise and nobody knows why
(DBN)

Republicans war over taxes • The $2 Trillion Question in Trump's New Tax Plan
(DBN)

Jared Kushner and Canadian Officials Appear to Be Playing a Game of Telephone • Donald Trump’s White House went behind his back on NAFTA • Jared Kushner was reportedly the key conduit between the US and Canada for NAFTA talks
(DBN)

Rust Belt: 'It's Very Hard To Find a Good Man Here'
(DBN)

Buffett: Medical costs are the tapeworm of American economic competitiveness
(DBN)

Dimon On Anger At The Global Elite: 'I kind of agree with it'
(DBN)

Illegal immigration across southwest border down 70 percent under Trump
(DBN)

Remember the Fiscal Cliff? Why the One Coming This Year Could Be Even Worse
(DBN)

The Economy-Changing Power of the LED Bulb
(DBN)

U.S. Commerce's Ross says 3 percent GDP growth not achievable this year • Trump’s Commerce Secretary: Here’s Why We Can’t Hit 3% Growth This Year
(DBN)

Trump administration's use of persistent US trade imbalances as primary guidepost of its policymaking getting pushback
(DBN)

How the Government Is Making It Harder for You to Retire
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Landlord Rights and Responsibilities in Commercial Tenant Bankruptcies
(DBN)

Mortgage applications rise 2% as more buyers hit the spring market
(DBN)

Homeowners continue to overestimate their home value
(DBN)

Illinois Star Center Mall files for Chapter 11 bankruptcy • Shoppers react after Illinois Star Centre Mall files for bankruptcy
(DBN)

Keeaumoku bankruptcy filled with twists, turns
(DBN)

Joe Montana sues over sinking San Francisco tower
(DBN)

Manhattan office landlords are offering tenants more deals
(DBN)

It’s Legal: Some New York Landlords Can Take Tax Breaks Then Raise Rents Without Limit
(DBN)

Lawler: Selected Operating Statistics, Large Publicly-Traded Home Builders
(DBN)

Framing Lumber Prices Up Year-over-year
(DBN)

S&P warns of risks as bank lending for commercial real estate exceeds 2008 peak
(DBN)

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Municipalities:

Puerto Rico Debt Recoveries May Lag Trading Prices, Pimco Says
(DBN)

Puerto Rico benchmark GO debt price drops to record low
(DBN)

Puerto Rico's Title III Bankruptcy: Initial Views and Expectations
(DBN)

Puerto Rico Bankruptcy: Week One
(DBN)

Perils in Puerto Rico: Is Bankruptcy the Answer?
(DBN)

Will Puerto Rico's Recent Bankruptcy Create a Precedent for States?
(DBN)

Puerto Rico's $123 Billion Bankruptcy Is the Cost of U.S. Colonialism
(DBN)

US must heed the lesson of Puerto Rico's massive debt, bankruptcy
(DBN)

Puerto Rico needs some help and the US is obligated to provide it
(DBN)

What's best path to Puerto Rico's economic recovery?
(DBN)

Puerto Rico's Debt Crisis Claims Another Casualty: Its Schools • Puerto Rico aims to rehabilitate 179 schools after closing
(DBN)

Puerto Rico's Mayday
(DBN)

Bankruptcy -like move paves path toward Puerto Rican prosperity
(DBN)

Cadwalader Represents Largest Insurer of Puerto Rico Bond Debt in Historic Restructuring
(DBN)

Hartford Moves Closer to Bankruptcy , Soliciting Proposals From Law Firms • City looks for law firms as Hartford moves closer to bankruptcy filing
(DBN)

Detroit Is Trying Really Hard to Woo Young Workers
(DBN)

JPMorgan is upping its bet on Detroit's recovery to $150 million
(DBN)

Legislators explain state takeover of Gary schools
(DBN)

While millions visit the Ark, Grant County is sinking fast, trying to avoid bankruptcy , offering no amenities
(DBN)

Six-Figure Payouts for Sick Leave Spur Outrage, Calls for Overhaul
(DBN)

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Oil/Gas:

Weds: Oil up after U.S. inventories fall more than expected
(DBN)

Tues: Oil buckles as concern grows over battle of OPEC vs shale • Oil prices slip back as traders mull OPEC's next move
(DBN)

Oil Below $65 Per Barrel…For Years
(DBN)

Energy bankruptcy filings slow but pricing challenges persist
(DBN)

Latest shale boom could put push U.S. oil output to record
(DBN)

OPEC Confident In U.S. Shale’s Lack Of Longevity
(DBN)

Why another OPEC deal to extend output cuts is a fruitless strategy • Production Cuts vs Innovation – Why OPEC Has Lost The Oil Price War
(DBN)

Morgan Stanley To Revise 2018 Forecast After Oil Price Rout
(DBN)

C&J reduces losses after bankruptcy
(DBN)

Goldman Sachs says U.S. border tax would 'blow out' Brent/WTI crude spread
(DBN)

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Corporate Reform:

A Dodd-Frank Rewrite That Would Increase the Chance of Bailouts
(DBN)

Some Republicans Still Undecided on GOP’s Dodd-Frank Overhaul Bill
(DBN)

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Celebs:

If Lauren Boggi Owed You Money, You’re Definitely Not Getting It Back
(DBN)

'Dance Moms' star Abby Lee Miller sentenced to prison in bankruptcy fraud case • "Dance Moms" star going to prison for defrauding creditors • Dance Moms’ Abby Lee Miller’s Sentenced to 1 Year, 1 Day in Prison for Bankruptcy Fraud Case • Abby Lee Miller Reflects on the Single ‘Worst Thing I Ever Could Have Done’ That Led to Bankruptcy Fraud Charges • Witnesses expected at Abby Lee Miller's bankruptcy fraud sentencing • Miller’s ‘Dance Moms’ Enemies Show Up To Court For Fraud Prison Sentencing • Dance mom to dance con: Abby Lee Miller gets year in prison • Dance Moms star Abby Lee Miller breaks her silence after being sentenced to a year in prison • Off The Hook? Abby Lee Miller Won’t Serve Her Whole Sentence, Expert Claims
(DBN)

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Autos:

Troubled auto parts maker Takata reports third consecutive annual loss • Takata reports a $699 mln annual loss for 2016/17
(DBN)

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Surfing:

Hey brah, wanna buy a surfing contest? Mavericks hits the auction block
(DBN)

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Fraud:

Real estate exec gets 40 years in prison, $303 million judgment for enormous Ponzi scheme
(DBN)

Imprisoned ex-Massachusetts state lawmaker pleads not guilty to hiding assets from court
(DBN)

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Taxis:

As Uber rises and the cost of taxi medallions plummets, a lender is suing local cab operators who defaulted
(DBN)

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Golf:

Defunct Louisa County golf course up for grabs
(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 (21 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (24 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 Decline
(DBN)

Obamacare Made Americans Financially Healthier • Another little-mentioned benefit of Obamacare: It has reduced medical bankruptcies
(DBN)

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Bad Faith:

U.S. Bank dealt setback in 'bad faith' bankruptcy case
(DBN)

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TBTF:

Greenberg loses battle over damages related to AIG bailout • Appeals Court Vacates Ruling That Declared AIG Bailout Unlawful • Maurice Greenberg Loses Bid for Damages From A.I.G. Bailout • Greenberg's win in AIG bailout case reversed on appeal
(DBN)

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Litigation:

Joint Defense and Common Interest Agreements: The Basics
(DBN)

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Settlements:

Bankruptcy Settlements Post-Jevic: Potential New Requirements for Priority-Altering Settlements
(DBN)

Jevic: Breathing New Life Into Priority Disputes
(DBN)

Jevic Makes Its Way Down From SCOTUS
(DBN)

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Mediation:

A Proactive Mediator Role: “Special Settlement Master”
(DBN)

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D&O:

Important D&O Insurance Program Structure Concerns
(DBN)

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SCOTUS:

SCOTUS Adds Another Safe Harbor Case
(DBN)

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UCC:

UCC Debtor Name: To Avoid Disaster Dot All of The I’s and Don’t Forget the T’s
(DBN)

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Bankruptcy Theory:

Justice and Bounded Moral Rationality in Bankruptcy
(DBN)

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Student Debt:

Bad News on Student Loans: They Stick With You Longer Than You Think
(DBN)

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Healthcare:

Cascade Community Health filed for bankruptcy after closing clinics
(DBN)

Charleston County saga involving former Charleston Naval Hospital a tangled mess in bankruptcy court
(DBN)

Obamacare spared some families from medical financial catastrophe
(DBN)

Senate: Obamacare Taxes Going Away? No
(DBN)

Medicaid Expansion Transformed a Community—Now the Bill Is Coming Due
(DBN)

Jimmy Kimmel says he'd 'like to apologize for saying that children in America should have healthcare'
(DBN)

Obamacare Premiums Rise as Insurers Fret Over Law’s Shaky Future
(DBN)

Health Insurers Need a Coup. Trumpcare Isn’t It.
(DBN)

Only 31% Favor GOP Health Care Bill
(DBN)

With Obamacare under GOP attack, New York could fight back with single-payer
(DBN)

McConnell: It Will be Hard to End Obamacare
(DBN)

Top GOP senator: 'The public wants every dime they can be given' on healthcare
(DBN)

Your Zip Code Is One of the Strongest Indicators of When You'll Die
(DBN)

Why Republicans Want to Make Women Pay More Than Men for Health Insurance
(DBN)

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Pension:

Sen. Sanders and Rep. Ryan introduce pension protection bill
(DBN)

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Personal Finance:

42% of Americans won't date someone with bad credit
(DBN)

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Food/Beverage:

Why don't more food companies declare bankruptcy?
(DBN)

Marsh warns of further closings
(DBN)

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UK:

'They just can't take a gamble' - how law firms are helping banking clients brace for Brexit
(DBN)

Standard Life Aberdeen Plans to Cut 800 Jobs After Merger • The creation of the biggest asset management group in Britain will kill 800 jobs
(DBN)

Nortel inches closer to PPF-plus as £5bn lockbox opened
(DBN)

Villagers of a tiny Pacific Island who worship Prince Philip were devastated when they learned he was retiring
(DBN)

Billions in EU funding for small UK businesses is about to get shut off
(DBN)

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PIIGS:

Greece: Court finds new pension cuts to be unconstitutional, sources say • Greek debt relief 'closer than ever' but creditors must act, Greek prime minister says • IMF on board for Greek bailout - Slovak finance minister • The 140 shock orders EU is imposing on austerity-hit Greece ahead of bail out
(DBN)

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Canada:

Vancouver-based shoe company Ingledew's declares bankruptcy
(DBN)

More Than Half Of Canadians Are $200 Away From Insolvency
(DBN)

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Asia:

IMF Warns Asian Countries to Act Now Before Aging Populations 'Tax' Growth
(DBN)

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Russia:

Dutch Court Rules Russia Knowingly Forced Yukos Into Bankruptcy
(DBN)

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Pakistan:

‘Measures vital to save country from bankruptcy-like situation’
(DBN)

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Netherlands:

Dutch Supreme Court upholds plurality of creditors requirement for bankruptcy
(DBN)

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India:

The primacy of secured creditors
(DBN)

The RBI's new (potentially compromising) powers
(DBN)

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Australia:

Vic miner Gutnick denies hiding assets • 'Absurd': Diamond Joe Gutnick dismisses claims he was trying to hide his assets
(DBN)

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New Zealand:

Property Ventures liquidator alleges PwC helped firm skirt insolvency while acting as auditor
(DBN)

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Croatia:

Billions Are Sinking Into a Balkan Black Hole
(DBN)

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