May 18, 2017

The Daily Bankruptcy News

View prior editions: Click Here
View prior case summaries: Click Here
Search prior headlines: Click Here
Search prior case summaries: Click Here

Format For Mobile Device



Law:

Fear of Career Damage Led Woman to Sue Proskauer Anonymously
(DBN)

Seyfarth reportedly lays off 40 lawyers and several staffers Seyfarth layoffs could be the new normal for BigLaw
(DBN)

Justice Department will appoint a special counsel to oversee Trump-Russia investigation Ex-FBI chief, WilmerHale atty Robert S. Mueller III to lead Russia probe Mueller Leaves Wilmer, Steps In to Head Russia Probe Biglaw Partner Named Special Counsel In Russia Investigation Special Counsel vs. Special Prosecutor Special counsel will take over FBI Russia campaign interference investigation The Justice Department has appointed a special counsel investigating Trump — here’s how it works Trump campaign reportedly had at least 18 undisclosed contacts with Russians The Special Counsel America Needs Trump 'may have gone from the frying pan into the fire' Special Counsel Can Examine Trump From All Angles
(DBN)

Ex-client hits BakerHostetler with $1.4 million bill for Russia spat
(DBN)

Most Lawyers Couldn’t Care Less That Facebook Has 2 Billion Users
(DBN)

BigLaw may see wave of sex bias suits from senior partners
(DBN)

Biglaw Firm Encourages Associates To Sleep During Working Hours
(DBN)

These Law Schools Aced the 2016 Job Market
(DBN)

Chemerinsky Named Law Dean at UC Berkeley UC Irvine's founding Dean Erwin Chemerinsky to become new Dean at Berkeley
(DBN)

Top 5 Law Schools If You Want An Actual Legal Job (2016)
(DBN)

Law School Rankings By Federal Judicial Clerkships
(DBN)

Being Associate Dean
(DBN)

Law school applicants will soon have option to take LSAT more frequently
(DBN)

Law Students' Character, Rather Than LSATs/UGPAs, Is Best Predictor For Success As Lawyer
(DBN)

Even ‘Superwomen’ In Biglaw Can Be Discriminated Against
(DBN)

Lawyers: Fear Ye Not The Freeloader, For I Myself Have Been One
(DBN)

Managing partners confused over legal tech strategy
(DBN)

Fast response is more important than price, say corporate counsel
(DBN)

Stop listening to the sound of your own voice
(DBN)

Silly Things Clients Say
(DBN)

LawProse Lesson: The Biggest Mistake of Legal Writers
(DBN)

Judge sanctions New York City for lawyer’s ‘plethora’ of deposition objections
(DBN)

Here's Some Advice for Trump From the White-Collar Bar
(DBN)

Biglaw Firm Makes Life Easier For Working Mothers
(DBN)

Claims Against Shutts and Partner Kevin Cowan Arising From Bankruptcy Sale Dismissed
(DBN)

What Happens When Your Practice Management Software Goes Dark? Case.one offers lifeline for Firm Manager customers
(DBN)

Immigration arrests up 38% nationwide under Trump, arrests of non-criminal violators up 156%
(DBN)

Trump to meet with four FBI director candidates, including Joe Lieberman
(DBN)

Time for the president to lawyer up, say legal experts
(DBN)

Here's why Comey couldn't just quit in February The Life And Times Of James Comey Comey Memo Could Thrust Trump Into a Deeper Legal Quagmire
(DBN)

Law Firms Hire Chief Talent Officers
(DBN)

New Orleans just took down its 3rd Confederate-era monument
(DBN)

Families get into fist fight at high school graduation
(DBN)

No, the 25th Amendment Isn't the Way to Boot Trump
(DBN)

Chelsea Manning finally leaves prison after Obama pardon
(DBN)

Pro Tip: Don’t Call Yourself ‘The Ethics Monster’ If You Want To Keep Your License
(DBN)

New cyber-threat is poised to take baton from WannaCry New cryptocurrency cyber attack appears to be underway
(DBN)

Trump golf club settles retaliation suit with fired worker
(DBN)

Mistakenly released inmate won’t have to serve remaining 90 years, judge rules
(DBN)

______________

Judges:

House votes to add 4 bankruptcy judgeships
(DBN)

Indicted Illinois judge says government evidence fails to prove fraud
(DBN)

Judge Who Won't Hear Gay Adoption Cases Faces Removal Bid (Or Is He Just Being Honest?)
(DBN)

______________

Wall Street:

Fragile start ahead for U.S. stocks, as political concerns weigh heavy
(DBN)

Dow, S&P 500 suffer worst day in 8 months as Trump worries rattle Wall Street
(DBN)

Wall Street Is Starting to Worry About President Trump Stocks, dollar sink as investors rethink 'Trump trade' S&P on track for worst day since Sept on Trump concern Trump controversies rattle stock markets worldwide Financials sink on Trump fears; Goldman has biggest decline since June Wall Street’s ‘fear gauge’ threatens largest daily pop in 8 months If Trump resigned tomorrow, Dow would go up 1,000 points: Jeremy Siegel This sell-off will only turn into a correction if Trump's scandals are death knell for tax reform
(DBN)

This selloff is as much about earnings as it is about Trump
(DBN)

______________

Layoffs:

Cisco to cut 1,100 more jobs amid a worse-than-expected business outlook
(DBN)

Ford confirms it is cutting 1,400 jobs in North America and Asia
(DBN)

800,000 Jobs Lost to China & We're Better Off
(DBN)

CT: 4200 Threatened Layoffs
(DBN)

______________

Retailing:

The Retail Squeeze- the story of 2017 so far
(DBN)

Sears CEO publicly shames supplier for wanting out over bankruptcy fears Is Sears Holdings Spiraling Out of Control?
(DBN)

These companies could win big in the wake of the retail apocalypse
(DBN)

The Next Generation of Retailers Is Using Physical Stores for Branding, Not Sales
(DBN)

‘We’re not doing any high fives:’ Target CEO after earnings beat but sales slide
(DBN)

American Eagle forecasts dismal Q2 amid stiff competition
(DBN)

Ann Taylor owner Ascena plunges more than 30% after hours
(DBN)

All the stores you shopped at as a teen are going bankrupt
(DBN)

______________

Politics:

Poll: Here's how top 2020 Democratic challengers stack up against Trump The major TV networks are struggling to find Republicans to go on-air to defend Trump National security officials put Trump's name in their briefings as much as possible so he will keep reading Did Donald Trump brief the Russians? A Closer Look At Donald Trump’s Disturbingly Deep Ties To Russia Russian State-Run Bank Financed Deal Involving Trump Hotel Partner After Comey’s dismissal, it’s time for a commission Senate leaders just sent 2 explosive letters asking Comey to testify and demanding his memos "Comey's revenge" may be far from over Comey may have been using memos to build a case against Trump Comey Memo: Paul Ryan Wants Facts on Trump's Firing of FBI Director The Russian intel story shows the price of Trump's lost credibility Worst treatment ever, Trump grumbles; Dems demand deep probe The Trump Presidency Falls Apart How Long Can the GOP Tolerate Trump Controversies? Trump goes off script during Coast Guard commencement speech: 'No politician' has been 'treated worse or more unfairly' than me Trump's Opponents Are His Only Hope Poll : Trump approval drops to 38 percent GOP Donor Class Panicking Over Trump Trump’s Approval Slide Continues as Morale Among His Base Weakens The Trump Presidency is Falling Apart
(DBN)

Hill GOP Reels From Trump Chaos, Struggles to Chart Course GOP Congress is Now Trump's Biggest Problem Sen. Kaine: Most of Senate GOP Deeply Worried
(DBN)

First Republican raises impeachment for Trump Lawmakers on both sides of the aisle are discussing impeachment amid the latest Trump-Comey bombshell Will Trump Be Impeached? Online Bets Assess the Odds Conservatives Whispering: President Pence
(DBN)

Trump's transition team reportedly knew Mike Flynn was being investigated before Trump hired him
(DBN)

Feds Subpoena Records for $3.5M Mystery Mortgage on Manafort's Home
(DBN)

The Hypocrisy of Hillary
(DBN)

______________

Autos:

Wall Street is freaking out about a 'Motown Slowdown' — but the US auto industry is actually in fantastic shape
(DBN)

California New Car Sales Cooling Down
(DBN)

New Car Sales Disaster: European Edition
(DBN)

US preparing to sue Fiat Chrysler over excess diesel emissions
(DBN)

______________


Economy:

NY Fed: "Household Debt Surpasses its Peak Reached During the Recession in 2008" U.S. household debt tops 2008 peak, but this time Americans' finances are better Household Debt Makes a Comeback in the US
(DBN)

TransUnion Finds Struggling Consumers Pay Off Unsecured Personal Loans First
(DBN)

Consumer Spending Rebounds in March; But First-Quarter Pace Slows Overall
(DBN)

Dollar set to erase postelection rally amid political turbulence
(DBN)

Rate-hike expectations recede as the stock market unravels
(DBN)

28% of Americans say they couldn't handle an emergency expense of just $10
(DBN)

America's Geography of Wealth: 1970-2015
(DBN)

Full employment confronts Trump, Fed with tougher trade-offs
(DBN)

The dollar has erased nearly all its post-election gains
(DBN)

Americans like many aspects of Trump's tax plan — but they may not like its outcome
(DBN)

New study: Women don’t want to get married just because men make more money
(DBN)

Companies need workers — but people keep getting high
(DBN)

Americans Prioritize Small Business, Middle-Class Relief in Tax Reform
(DBN)

Kochs unveil campaign to 'jolt' stalled tax debate
(DBN)

Trump's Tax Reform Proposal Answers Questions but Raises Many More
(DBN)

Unless Trump changes, it'll be 'almost impossible' to get policies done: former Wells Fargo CEO
(DBN)

The 25 hottest companies in America, according to LinkedIn LinkedIn's top companies of 2017 reveal what employees really want
(DBN)

Trump’s $1 Trillion Plan Helps Wall Street More Than Rural America, Democrats Warn
(DBN)

Trump Road Plan Hits Skepticism
(DBN)

Trump Budget: Deep Cuts to Public Schools
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

______________

Real Estate:

Early Read on Existing Home Sales in April
(DBN)

Real estate CEO: Record-low housing inventory is 'freaking us out'
(DBN)

New home sizes continue to shrink
(DBN)

Bank Sanctioned Under FRBP 3002.1 for Seeking to Recover Fees and Expenses Outside the 180-Day Period
(DBN)

Mortgage Rates Decline to 4%
(DBN)

Buyers With Excellent Credit Are Getting the Lion's Share of U.S. Mortgages
(DBN)

Long Island community with Nazi-linked past ordered to end housing discrimination
(DBN)

____________

Municipalities:

Puerto Rico Debt Case Starts With Squabble Between Bondholders
(DBN)

Puerto Rico Faces 'Humbling' Scope of Its Woes in First Court Hearing
(DBN)

Puerto Rico Religious Leaders Write Judge as Bankruptcy Process Begins
(DBN)

Puerto Rico Case to Open to Packed Court -- No Cologne, Please
(DBN)

Puerto Rico Embarks On Historically Huge Debt Protection Hearings
(DBN)

Oscar Lopez Vows to Continue Fight for Puerto Rico Independence
(DBN)

Puerto Rico on its way to becoming the next Argentina — an economic disaster
(DBN)

Santander Becomes Target of Puerto Rican Anger Over Bond Losses
(DBN)

Puerto Rico, Greece and bad-faith debt
(DBN)

Puerto Rico creditors open to mediation in bankruptcy court Puerto Rico oversight board to push bondholders to continue mediation - board lawyer
(DBN)

Puerto Rico Bankruptcy Judge Laura Taylor Swain Grants Puerto Rico's Motion To Combine Bankruptcies Of Commonwealth And Cofina
(DBN)

Muni Bond Ripple Effects Of The Puerto Rico Bankruptcy
(DBN)

The biggest lesson of Puerto Rico's bankruptcy
(DBN)

Board Lawyer Expects Restructuring Deals Or Title Iii Bankruptcy Proceedings Soon For University Of Puerto Rico, Water Authority PRASA
(DBN)

Judge sets rules for Puerto Rico Title III process as more entities to file for bankruptcy
(DBN)

Board Lawyer Says Highway Authority PRHTA Will File Title Iii Bankruptcy "Soon"
(DBN)

Lafayette Parish is 'going bankrupt'
(DBN)

Bankruptcy Should Be A Last Resort For Struggling Hartford
(DBN)

Expert: If Nashville builds light rail, city could 'hover at the edge of bankruptcy forever'
(DBN)

______________

Oil/Gas:

Oil down as market stays well supplied despite OPEC cuts
(DBN)

Seadrill: 3 Main Scenarios For Restructuring
(DBN)

Beverly Hills High School Oil Well Is Ordered Shut by State Regulators
(DBN)

Oil -field services M&A activity picks up as drillers seek lower costs
(DBN)

Iraq Agrees With Deal Extension, But Boosts Oil Exports To Record Levels
(DBN)

OPEC meets with shrunken ambitions
(DBN)

Today's oil prices are helping US drillers beat OPEC. Goldman's Jeffrey Currie explains how
(DBN)

The Non-Shale, Non-OPEC Problem for Oil Traders
(DBN)

Fracking Crew Shortage May Push Oil's Biggest Bubble to 2018
(DBN)

______________

Telecoms:

Frontier Communications: Bankruptcy Looms In 2020
(DBN)

______________

Hollywood:

Relativity Bankruptcy: Court Staves Off Chapter 7 For Now After Lawyer Claims Prospect Of Investors
(DBN)

______________

Oil/Gas:

GulfMark Offshore Files for Chapter 11 Bankruptcy Protection
(DBN)

______________

Banking:

Judge says he may reject parts of Wells Fargo accounts settlement
(DBN)

______________

Travel:

Airlines Brace for Havoc as the US Moves Toward a Laptop Ban
(DBN)

______________

Bankruptcy Crimes:

South Bay man sentenced to 56 months for bankruptcy fraud
(DBN)

______________

Golf:

Refuge Golf Club owner files for bankruptcy protection
(DBN)

______________

Food/Beverage:

Strack & Van Til parent seeks transfer of involuntary bankruptcy case
(DBN)

Soy Butter Company Behind 12-State E. Coli Outbreak Goes Bankrupt Soy Nut Butter Co. files for bankruptcy after sales plunge from E. coli outbreak
(DBN)

______________

Solar:

Solar industry association squares off against Suniva in trade fight
(DBN)

______________

Marijuana:

Senators from both parties try to ease banking for marijuana businesses
(DBN)

______________

 


New Bankruptcy Opinions
(6 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (46 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (5 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)

______________

Proofs of Claim:

SCOTUS: Filing of Time-Barred Proof of Claim in Bankruptcy Does Not Violate FDCPA
(DBN)

U.S. Supreme Court Rejects FDCPA Liability in Bankruptcy Proceeding
(DBN)

U.S. Supreme Court Holds Debt Collectors Are Not Liable under the FDCPA for Pursuing Time-Barred Claims in Bankruptcy Court
(DBN)

What did the Supreme Court Say? Creditor Claim for Stale Debt in Chapter 13 Case Does Not Violate the FDCPA
(DBN)

U.S. Supreme Court Rejects FDCPA Liability in Bankruptcy Proceeding
(DBN)

______________

Ch. 13:

Proposed SDNY Chapter 13 Model Plan Posted for Public Comment
(DBN)

Chapter 13 Plans: Start With The Standard Local Plan, And Then What? (Not Much)
(DBN)

______________

Trustees:

BK SD NY: Seeks Ch. 7 Trustee For Poughkeepsie
(DBN)

______________

Receivers:

The Incremental Evolution of National Receivership Law and the Elusive Search for Federal Purpose
(DBN)

______________

Jurisdiction:

Millenium Lab Holdings – Ruling on Third Party Releases Highlights Continuing Constitutional Questions Regarding Power of Bankruptcy Courts
(DBN)

______________

TBTF:

Big Banks Can Relax, Trump's Modern Glass-Steagall Probably Doesn't Mean Breaking Them Up
(DBN)

______________

 

Distressed Investing:

Elliott makes distressed debt hires in expectation of downturn
(DBN)

______________

Cleaning Supplies:

Judge approves Katy Industries' bankruptcy loan
(DBN)

______________

Lehman:

Wait! There's $10 Billion Left In Lehman Bros. Lehman Brothers creditors should share extra £5bn in interest payments, Supreme Court rules
(DBN)

Elliott wins partial victory in battle over Lehman's European remains
(DBN)

______________

Nuclear:

N.C. questions Duke Energy’s plans following Westinghouse bankruptcy
(DBN)

______________

Corporate Reform:

McConnell throws cold water on Republican Dodd-Frank repeal efforts
(DBN)

______________

Student Debt:

CFPB Makes Somewhat Unsurprising Finding in the Ridiculously Complicated World of Student Loan Repayment
(DBN)

This is why the most vulnerable student loan borrowers struggle to get back on track
(DBN)

DeVos Wants to Kill Loan Forgiveness Program
(DBN)

______________

Bicycles:

Bicycle seller files Chapter 11 with nearly $5M in debt
(DBN)

______________

Skiing:

Mountain Creek owners optimistic despite layoffs, bankruptcy filing Judge approves $31M in Mountain Creek financing
(DBN)

______________

Maritime:

Tidewater Files For Chapter 11 Bankruptcy Tidewater Commences Prepackaged Chapter 11 Cases Pursuant To Restructuring Support Agreement
(DBN)

______________

Healthcare:

Few doctors discuss cancer costs with patients, study finds
(DBN)

Hatch Says He’s Open to Keeping Obamacare’s Individual Mandate
(DBN)

How Kids Would Fare Under the American Health Care Act
(DBN)

______________

Fraud:

Man accused of "Hamilton" tickets Ponzi scheme will go on trial in November
(DBN)

______________

Electricity:

Oklahoma-based coal company claims FirstEnergy perpetrated a fraud
(DBN)

______________

UK:

May Refusing to See the Backlash from Brexit
(DBN)

Theresa May to charge companies £2,000 a year for each non-EU worker they employ
(DBN)

Brexit is beginning to really hit people's pockets
(DBN)

More than 80% of UK financial chiefs are struggling with high levels of Brexit uncertainty
(DBN)

Bank of England's growth and pay forecasts too optimistic - Reuters poll
(DBN)

Paragon Offshore Files Application for Administration in United Kingdom to Advance Its Chapter 11 Plan
(DBN)

______________

PIIGS:

Greek debt drama's coming to a close (well, maybe)
(DBN)

Greece in recession for first time in five years
(DBN)

Spain's Debt Pile Rises Above 100% of Output Yet Again: Chart
(DBN)

______________

Canada:

Essar requests fourth extension next week
(DBN)

______________

Finland:

Steel executives accused of hiding assets before bankruptcy
(DBN)

______________

Germany:

Insolvency law reform in Germany
(DBN)

______________

MENA:

Dana Gas creditors appoint Moelis and Weil for sukuk restructuring
(DBN)

______________

India:

Addressing NPAs of Bank: Insolvency & Bankruptcy code to play major role in resolution
(DBN)

India’s IDBI Bank Q4 net loss widens to Rs 3,200 crore as bad loans surge
(DBN)

______________

Venezuela:

Venezuela’s Oil Production On The Brink Of Collapse
(DBN)

______________


The Daily Bankruptcy News is primarily a curated news link gathering service.   Most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subscription fee is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use. If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid service subscription. These links are currently marked with a "DBN" notation. The cost of a subscription is $64/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links.

New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase.

Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested. There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear. You do not need to type anything in the body of the email message. Note that the email asking for removal must be sent from the same email address which is on our distribution list. If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

If receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list.

Press Releases/News Tips
Please send press releases and news tips to admin@bkinformation.com

Contact Us
The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C. You can phone or text us at 281-402-3957. You can email us at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries). Our mailing address is 935 Eldridge Road, No. 350, Sugar Land, Texas 77478.

Copyright 2017