May 16, 2017

The Daily Bankruptcy News

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Law:

Anonymous partner sues Proskauer for alleged gender bias Inside The $50 Million Gender Discrimination Case A Partner Filed Against Proskauer Rose
(DBN)

Decades-Old Gender Bias Case Marked Turning Point in Big Law
(DBN)

Fired BigLaw associate claims firm violated implied ban on firing people who raise ethics concerns
(DBN)

Buyer Beware: Former Foley & Lardner Partner Arrest Reveals Lateral Hiring Risks
(DBN)

Biglaw Firm And Partner Ripped To Shreds On National TV Law Firm & Big Law Partner Mocked on SNL’s Weekend Update Morgan Lewis Takes the Heat, but Who Gets the Last Laugh?
(DBN)

Who Is The Mystery Law Student Who Came To The Rescue Of A Biglaw Partner?
(DBN)

Lawyer accused of overbilling state is on the lam, but follows prosecutor on Twitter
(DBN)

California Bar Exam whips two-thirds of test takers
(DBN)

Fixing Law Schools Requires More ‘How To’ And Less ‘What To’
(DBN)

The Downside of Requiring Additional Experiential Courses in Law School
(DBN)

Denver Law School Faces Federal Equal Pay Lawsuit From Eight Female Professors
(DBN)

Behind The Music Law Firm: Cellino & Barnes
(DBN)

A Closer Look At George Conway, Wachtell Lipton Partner And Husband Of Kellyanne Conway
(DBN)

Trump Says Comey Replacement Could Be Named by Friday Former FBI agent: Here's who Trump should pick as the next FBI director Deputy Attorney General Rod Rosenstein to Brief Entire Senate Chamber On James Comey’s Firing The 8 Candidates for the FBI Post
(DBN)

Trump lawyer Michael Cohen defends posting daughter's lingerie picture
(DBN)

Do This Before You Send An Angry, Emotional Email That You’ll Regret
(DBN)

Young Lawyers Demand More Feedback, Firms Deliver
(DBN)

24 apps you need on your phone right now
(DBN)

LexisNexis will discontinue Firm Manager on Oct. 31
(DBN)

ABA warns lawyers updated tech needed to protect client info
(DBN)

Will Ransomware Attack Make Law Firms 'WannaCry'?
(DBN)

Uber's Firing of 2 In-House Lawyers Raises Questions About Legal Culture
(DBN)

Upsetting The Applecart Of Legal Research
(DBN)

Not competent in basic tech? You could be overbilling your clients—and be on shaky ethical ground
(DBN)

What the 9th Circuit Is Saying About Trump's New Travel Ban Lawyer challenging revised travel ban before 9th Circuit notes change on Trump website Ninth Circuit Goes Full ‘Korematsu’ On Muslim Ban Lawyer
(DBN)

Controversial new US ambassador (Trump's bankruptcy lawyer) arrives in Israel
(DBN)

Preet Bharara op-ed: “Are there still public servants who are prepared to say no to the president?”
(DBN)

Thailand threatens to prosecute Facebook for running a video of the country's heavily tattooed king walking through a shopping mall in a tiny yellow crop-top
(DBN)

Lawyer Arrested for Trying to Bring Gun on Flight to Cuba, Cops Say
(DBN)

Attorney Freed After Kidnapping by Three Teens, Deputies Say
(DBN)

Supreme Court refuses to hear a case about a teen arrested for burping
(DBN)

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Judges:

Statement of the American College of Bankruptcy in Support of the Judgeship Bill (HR 2266 and S 632)
(DBN)

Former administrative law judge pleads guilty to taking bribes in $550M disability fraud scheme
(DBN)

Middle Schooler Arrested For Burping Appeals — Armed With Gorsuch Dissent
(DBN)

Senator Claims Another Supreme Court Seat Could Be Opening Up Sooner Than We Think
(DBN)

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Wall Street:

U.S. stocks poised to cool their heels at record highs
(DBN)

U.S. Stocks Up on Energy, Mining Companies
(DBN)

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Layoffs:

Ford plans to slash about 10% of its global workforce, 20,000 jobs
(DBN)

American workers in these 10 cities are most at risk of losing their job to a robot
(DBN)

Department stores have lost more jobs than coal mines
(DBN)

Another 140 jobs being cut at smartphone repair facility
(DBN)

KY: JCPS: 142 employees notified of end-of-year layoffs
(DBN)

Mizzou likely to cut hundreds of positions amid expected 7 percent enrollment drop
(DBN)

Huntington to layoff 129 workers in Holland
(DBN)

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Banking:

Lawsuit claims First NBC Bank made dubious loans to Baton Rouge software firm
(DBN)

Trump’s New Bank Regulator: Lawyer Who Helped Banks Charge More Fees
(DBN)

Lawyers say bogus Wells Fargo accounts could rise to 3.5 million
(DBN)

Are the Banks Flashing a Warning Sign for the Economy?
(DBN)

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Solar:

SolarWorld Americas Pushes Forward Despite Parent's Insolvency
(DBN)

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Festivals:

Fyre Festival Was Buried Under Millions in Debt Before It Even Began
(DBN)

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Forex:

Retail FX trading house Global Brokerage issues going concern
(DBN)

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Electricity:

Panda Temple bankruptcy could chill new gas plant buildout in ERCOT market
(DBN)

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Travel:

Big hotels are losing their edge, thanks to online reviews
(DBN)

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Asset Protection:

No, There Is No Important Public Policy Exception To Recognizing A Sister-State Judgment
(DBN)

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Healthcare:

The Slippery Slope at the Heart of Trumpcare
(DBN)

Judge Confirms Sotera Wireless Bankruptcy Plan
(DBN)

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Corporate Reform:

Senate Panel to Consider Bill Affecting ‘Virtually Every Major Regulation’
(DBN)

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Maritime:

Tidewater to file for Chapter 11 bankruptcy
(DBN)

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Economy:

NY Fed: Manufacturing Activity "leveled off" in May
(DBN)

Will Trump Destroy the Dollar?
(DBN)

Fed's new normal balance sheet could be huge
(DBN)

PIMCO: Here's why we're slashing our US inflation forecast
(DBN)

Dollar slides to 6-month low as Trump concerns return
(DBN)

Everyone should hear what the journalist who interviewed Trump for The Economist said afterward
(DBN)

If Declining Towns 'Deserve to Die,' Where Should Their Residents Go?
(DBN)

Consumers’ Financial Outlook Reaches Record High in Fed Survey
(DBN)

The Men Who Take 'Women's' Jobs
(DBN)

Transportation Secretary Chao says Trump's $200 billion infrastructure plan will be out in weeks
(DBN)

Lobbying bonanza begins over Trump tax plan
(DBN)

Governments and companies start to count the costs of the globe-spanning cyberattack
(DBN)

The gender wage gap gets a lot of attention, but another metric is even more disconcerting
(DBN)

Men's confidence in America's future soars under Trump, while women's plummets to 29%
(DBN)

The world leader posing the biggest threat to global economy isn’t Trump
(DBN)

Trump to Farmers: Your Illegals Are OK
(DBN)

How Millions of Aging Baby Boomers Could Bust the Economy
(DBN)

More American Workers Are Testing Positive for Drugs
(DBN)

U.S. Exit From TPP Wasn't a Rational Decision, Ex-Commerce Secretary Says
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Home Sales Jump to Near-Boom-Era Levels
(DBN)

Homebuilder sentiment bounces back — but buyers are telling another story Home builder sentiment strengthens as industry looks past Washington NAHB: Builder Confidence increased to 70 in May
(DBN)

San Francisco is so expensive, the city is spending $44 million so its teachers won't be homeless
(DBN)

Philadelphia is suing Wells Fargo for discriminatory lending
(DBN)

Client’s been defrauded in sale of property — what date do you choose to determine the value of the property in calculating damages? Contract Date, Date of Close of Escrow, Trial Date?
(DBN)

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Municipalities:

PR Governor announces agreement with BGF creditors Puerto Rico government bank reaches wind-down deal with creditors Puerto Rico Strikes Deal With Development Bank's Bondholders Puerto Rico development bank in creditor deal
(DBN)

Representative wants clarification on details of agreement with BGF bondholders
(DBN)

Puerto Rico Bankruptcy : Who Will Take the Biggest Haircut?
(DBN)

Puerto Rico Bankruptcy: Audio Recordings?
(DBN)

Puerto Rico's Debt Lessons
(DBN)

Amid Puerto Rico's Fiscal Ruins, a New Push for Statehood
(DBN)

How US$74b in bonds bankrupted Puerto Rico
(DBN)

Reforms For A More Prosperous Puerto Rico
(DBN)

Legal Judgments Can Add to Local Government Distress
(DBN)

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Oil/Gas:

Oil rises 2 percent after Saudi and Russia back longer supply cut Energy stocks are climbing after Saudi Arabia and Russia agree to oil production cuts As Their Clout Wanes, Saudi Arabia and Russia Extend Oil Production Cuts
(DBN)

Oil market re-balancing is here and will continue, IEA says
(DBN)

The Oil Market Is Listening ... For Now
(DBN)

U.S. Shale Is Immune To An Oil Price Crash In 2017
(DBN)

US Shale To Increase 122,000 BPD Next Month
(DBN)

Seadrill Restructuring: Danger For The Industry?
(DBN)

Oil rigs are returning to the US at the fastest rates in two years
(DBN)

Even at $40 oil, U.S. shale will still grow in 2017, Rystad says
(DBN)

Texas Supreme Court says landowners can sue over oil and gas contamination
(DBN)

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Food/Beverage:

Jewel-Osco makes bid to buy 19 Strack & Van Til grocery stores Central Grocers announces sale of 19 stores to Jewel
(DBN)

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Aviation:

Leaner, Focused Erickson Emerges from Bankruptcy
(DBN)

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Politics:

'It's just a paycheck': 'Morning Joe' hosts suggest Kellyanne Conway backed Trump to make money Gulf Leaders Still Love Trump Trump Fuels Record 'SNL' Season Ann Coulter Is Worried The ‘Trump-Haters Were Right’ After Weeks of Missteps, Nervous Trump Aides Hope for a Reboot How Did Russiagate Start? Polling Shows Signs of Erosion in Trump’s Base Trump reportedly revealed highly classified information to the Russians last week National security experts: Trump's sharing classified info with Russia 'may breach his oath of office' The President No One Wants to Talk To Why Trump probably won't get in trouble for telling Russia highly classified information Bombshell President Trump Reportedly Revealed Classified Info to Russians, So Was That Illegal? Trump's Classified Disclosure Is Shocking But Legal Republican Lawmakers Express Frustration With White House Over Russia Report Reports of Trump sharing classified info point to growing fear of him White House officials were reportedly 'hiding in offices' after Trump's latest flub Trump defends sharing information with Russia, 'which I have the absolute right to do'
(DBN)

They hate the US government, and they're multiplying: the terrifying rise of 'sovereign citizens'
(DBN)

Obamacare Repeal Could Hurt Vulnerable Republicans, Poll Says
(DBN)

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Nuclear:

Westinghouse relinquishes control of Vogtle project Georgia Power reaches deal to keep Vogtle construction going
(DBN)

U.S. nuclear capacity and generation expected to decline as existing generators retire
(DBN)

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Autos:

Hertz's Junkyard Credit Puts Costly Dent in Turnaround Plan
(DBN)

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Manufacturing:

EnPro Industries Announces Bankruptcy Court Approval of Subsidiaries’ Joint Reorganization Plan
(DBN)

Tesla's business model could be in trouble
(DBN)

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Resorts:

Mountain Creek files for Chapter 11 bankruptcy; plan would allow debt restructuring
(DBN)

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Commodities:

Noble Group savior Brough is turnaround specialist
(DBN)

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Taxis:

Uber's $68Bn Empire May be in Real Trouble
(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 (28 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:

Weekly Bankruptcy Claims Trading Activity
(DBN)

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Proofs of Claim:

Justices approve filing stale claims in consumer bankruptcies Supreme Court Backs Bids to Collect Outdated Debt in Bankruptcy Supreme Court Rules In Favor Of Debt Collector In Bankruptcy Dispute Justices rule against consumer in debt collection case Okay for Debt Collectors to Hound People, Even After Statute of Limitations Expires High court backs bids to collect outdated debt in bankruptcy U.S. Supreme Court Holds FDCPA Not Violated By Proof of Claim on Time-Barred Debt Supreme Court Decides Midland Funding, LLC v. Johnson Midland Got It Right (Sort Of)
(DBN)

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Settlements:

Lessons for Secured Creditors from the Supreme Court’s Jevic Decision
(DBN)

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Litigation:

4 Things To Discuss Long Before Trial
(DBN)

Winning in Litigation: Strategic Issues the Corporate Counsel Need to Know
(DBN)

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Safe Harbors:

Supreme Court to Resolve Circuit Split on Scope of 546(e)’s Safe Harbor Provision
(DBN)

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Tax:

Third Circuit Applies Beard Test to Late-Filed Return Issue
(DBN)

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Trustees:

Fruehauf Trailer Corp. bankruptcy: Former Orange County Treasurer wins $10 Million in malpractice suit
(DBN)

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Workouts:

The New Bond Workouts
(DBN)

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TIA:

Out-of-Court Restructurings After Marblegate: Trust Indenture Act Section 316(b) and Beyond
(DBN)

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Retailing:

Sears CEO Lashes Out at Suppliers Trying to 'Take Advantage' Sears asks court to keep vendor from cutting supply of Craftsman tools Sears CEO Blasts Chinese Power Tool Vendor One World Over Contract Dispute 'They seek to embarrass us': Sears CEO eviscerates top tool vendor he says is trying to cancel its contract Sears says vendor threatens to sue to break its contract Sears shares drop as major Chinese supplier threatens legal action Sears stock tanks as CEO takes aim at vendors, saying: 'We will not simply roll over' Sears CEO blasts power tool supplier in blogpost Sears CEO Battles With Suppliers as Shares Continue Downward Spiral Sears CEO: We have 'nothing to be embarrassed about'
(DBN)

Morgan Stanley Is Predicting Sears Will Die Soon, Making This Rival a Huge Winner
(DBN)

Sears is quietly closing more stores than it said it would — here's the list
(DBN)

Teen Retailer Rue21 Files for Chapter 11 Bankruptcy Protection Fashion retailer Rue21 files for Chapter 11 bankruptcy protection rue21 To Reduce Debt And Focus On Best Performing Stores Apax Partners’ Rue21 latest PE-backed retailer to file for bankruptcy protection First Day Dec First Day Dec (2)
(DBN)

Retail Apocalypse: Why JC Penney Will Survive; Sears Holdings Won't
(DBN)

J.C. Penney May Have No Other Choice but to Aggressively Close More Than 300 Stores by 2020 JCPenney sinks after UBS warns of a 'tough path forward'
(DBN)

Experts See A Brighter Future For Malls As Department Stores Exit
(DBN)

Sears Doesn't Make A Loss By Paying Rent, It Just Recognizes It's Making A Loss
(DBN)

Can Sears Holdings Corp Stock Even Stay Above $5?
(DBN)

Department store troubles continue
(DBN)

Why big retailers are in such big trouble
(DBN)

Amazon now worth two Walmarts
(DBN)

The retail apocalypse is coming — it just may take longer than people think
(DBN)

Retail rundown: 3 winners and 6 losers in the age of Amazon
(DBN)

This Secretive Dealmaker Bets Wall Street Is Wrong on Retail
(DBN)

Why Amazon Is Leaving Legacy Retailers in the Dust
(DBN)

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UK:

JPMorgan Said Buying $137 Million Dublin Office for 1000 Staff
(DBN)

Debt fears as county court judgments soar by more than a third
(DBN)

Inflation jumps to its highest level since 2013 as Brexit continues to bite
(DBN)

'Nearly half' of EU companies are preparing to cut ties with British suppliers over Brexit
(DBN)

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PIIGS:

Greek lawmakers debate extending austerity to decade mark
(DBN)

Greek gov't seeks to put positive spin on bill
(DBN)

Greece slides back into recession at start of 2017
(DBN)

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Canada:

A bunch of homes are on the market in Toronto — but they aren't selling
(DBN)

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MENA:

Iran: Major Steelmaker Struggling to Avert Insolvency
(DBN)

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China:

China data sparks concerns of a consumer-led slowdown in world's second-largest economy
(DBN)

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Japan:

Toshiba delays annual earnings report
(DBN)

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Kyrgyzstan:

President passes amendments to law on bankruptcy
(DBN)

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India:

Indian Insolvency Regime without Cross-border Recognition – A Task Half Done?
(DBN)

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France:

The French Economy Is Bad in a Crisis
(DBN)

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