May 5, 2017

The Daily Bankruptcy News

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Law:

Dewey Survivors Share Lessons From Their Old Firm's Demise
(DBN)

Managing Maternity Leave As Managing Partner • Returning From Maternity Leave … As Managing Partner
(DBN)

BigLaw: Surviving Adolescence Will Be Rough
(DBN)

Purdue acquires online-only Concord Law School • Big Ten University Purchases Online Law School With Abysmal Bar Passage Rates
(DBN)

Can justice be served online?
(DBN)

Another Struggling Law School, Another Dean Ousted
(DBN)

Whittier: The Canary In The Law School Coal Mine
(DBN)

Kennedys inks US merger, creating 1,000-atty heavyweight • Kennedys and Carroll McNulty & Kull merge to create global insurance power-house
(DBN)

Allen & Overy tries out new performance review program
(DBN)

Elite Plaintiffs Lawyer Accused of Concealing Payments to Expert Witnesses
(DBN)

Artificial intelligence closes in on the work of junior lawyers
(DBN)

Nelson Mullins partner settles SEC suit claiming he helped pay-to-play scheme
(DBN)

Lawyer gets up to four years in prison in alleged short-sale scheme
(DBN)

The Burden Of Keeping In-House Secrets
(DBN)

Blue’s Clues… And You
(DBN)

After 5 Years in Stealth Mode, Judicata Reveals Its Legal Research Service
(DBN)

Family of Boy Decapitated on Water Slide Gets $20 Million Settlement
(DBN)

Alabama Governor Signs Law Allowing Adoption Agencies to Bar Gay Couples From Adopting
(DBN)

US to seek social media details from certain visa applicants
(DBN)

Lawyer’s seven-minute absence doesn’t require new trial, en banc court rules
(DBN)

Iowa regulator used state email for legal work
(DBN)

Bookkeeper Charged With Stealing Nearly $300K From Law Firm
(DBN)

Miami Beach Lawyer In Hot Water Over Alleged Stalking
(DBN)

Religious ‘Liberty’ Order Lets IRS Discriminate Based On Religion • Here's what's in Trump's 'religious liberty' executive order • ACLU Backs Off On Threat To Sue Over Religious Exec. Order
(DBN)

Judge berates law firm for "incomprehensible" $239,485 bill
(DBN)

New York suspends atty who pled guilty to arranging millions of dollars in FIFA bribes
(DBN)

Lawyer fined £2,000 for humiliating partner
(DBN)

Fox hit with harassment lawsuit alleging host was fired after calling internal hotline
(DBN)

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Judges:

Police find no criminality in death of judge on New York’s top court
(DBN)

Federal judge sanctions Milberg for alleged ‘elaborate scheme of deceptive conduct’ in drug study
(DBN)

Split 10th Circ won't rethink ruling on SEC judges
(DBN)

Co-defendant of Illinois judge accused of mortgage fraud cooperating, likely to testify, feds say
(DBN)

Philly judge recuses herself from civil suit against indicted DA
(DBN)

Judge suspended 90 days for misleading ad campaign
(DBN)

What do Judges Talk About at Lunch? Lawyers, No Doubt.
(DBN)

Iconic Ruth Bader Ginsburg Carries An ‘I Dissent’ Tote With Her Own Likeness
(DBN)

TX: Ex-District Judge Gets Arrested Again in Drug Bust
(DBN)

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Wall Street:

Stock Futures Mixed After Oil Erases Overnight Loss • US stock futures glued in place as oil takes a roller-coaster ride
(DBN)

Stocks Close Roughly Flat Ahead Of Jobs Report
(DBN)

Here's how badly Warren Buffett has crushed the market
(DBN)

Warren Buffett reveals what's holding him back from putting Berkshire's $90 billion in cash to work
(DBN)

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Layoffs:

Central Grocers files for bankruptcy , will lay off 550 at Joliet warehouse
(DBN)

Illinois businesses announce more than 1200 mass layoffs in April
(DBN)

Lakewood warns 140 teachers their jobs are in jeopardy
(DBN)

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Solar:

SolarCity's solar installations crash nearly 40%
(DBN)

SolarCity performance points to rockier outlook for rooftop solar
(DBN)

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Radio:

IHeartMedia raises "going concern" doubts
(DBN)

Here's Why Investors Have Doubts About the Future of iHeartMedia
(DBN)

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Electricity:

FirstEnergy subsidiary dodges bankruptcy bullet
(DBN)

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Lehman:

Loud Trading Floor Kept Citi From Getting Lehman The Best Deal On Those Derivatives The Day It Died
(DBN)

Ex-Lehman Employees Lose Ground in Bankruptcy Case
(DBN)

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Travel:

Delta flight attendant threatens parents with jail while booting family from flight • Video of Delta ordering a dad and his family off a flight shows how customer issues can escalate • Delta apologizes for kicking family with toddlers off flight
(DBN)

Chicago official apologizes for United passenger removal
(DBN)

Senators decry state of air travel after passenger incidents • Senator says flyers often treated like 'self-loading cargo'
(DBN)

Blame the US government for airlines' lousy service
(DBN)

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Politics:

How Trump Could Get Fired
(DBN)

Cindy McCain eyed for senior State Department role
(DBN)

Lewandowski Exits Lobby Firm Amid Reports of Foreign Clients
(DBN)

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Coal:

Trump declares end to 'war on coal ,' but utilities aren't listening
(DBN)

Coal producer Peabody's earnings surge on heels of exit from Chapter 11
(DBN)

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Telecom:

More Americans Have Cell Phones Than Landlines for the First Time
(DBN)

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Hollywood:

David Bergstein's $50 Million Trial Win Reversed by Appeals Court
(DBN)

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Mass Torts:

J&J Loses $110 Million Verdict Over Talc Cancer-Link Claim
(DBN)

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Finance:

US second-lien loans become first choice
(DBN)

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Rail:

Amtrak Needs $38 Billion for Northeast Corridor Repairs
(DBN)

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Economy:

Weekly Initial Unemployment Claims decrease to 238,000 • US jobless claims fall, continuing claims hit 17-year low
(DBN)

Job growth seen bouncing back in April, but some layoffs expected • What to Expect in the April U.S. Jobs Report • Goldman: April Payrolls Preview • April Employment Preview
(DBN)

Warren Buffett: I'm a 'broken record' on the US economy, we're stuck at 2% growth • The economy just can't break out of its doldrums, and here's why
(DBN)

Who's Working For Minimum?
(DBN)

Tim Cook says manufacturing might come back to the US, but robots will get the jobs
(DBN)

The Slow, Leaking Poison of the Bond Market - Median corporate leverage is the highest since at least 1980
(DBN)

US labor market tightening; productivity weakens in first quarter • US productivity slumps in first quarter
(DBN)

U.S. factory orders rise; core capital goods orders revised up
(DBN)

Trade Deficit declines slightly to $43.7 Billion in March
(DBN)

Survey: Just 5 percent of economists believe Trump’s big tax promise • It’s hard to find an economist who believes Trump’s tax plan pays for itself
(DBN)

Trump’s Trade Warrior Is the Most Unpopular Economist in the Class
(DBN)

Congress passes deal to fund gov't through September:
(DBN)

Digital divide persists even as lower-income Americans make gains in tech adoption
(DBN)

American Apparel Puts Made-in-the-USA Advocates to the Test
(DBN)

H-1B limits is 'stupidest policy in the entire American political system,' says Google's Schmidt
(DBN)

Bad News for Trump’s Wall: Watchdog Finds Plenty of Ways Around It
(DBN)

Apple Makes $1 Billion Commitment Toward More U.S. Manufacturing Jobs
(DBN)

A powerful Trump cabinet member is proving a point economists have been trying to make for years
(DBN)

There's $2.4 trillion dollars stashed overseas — here are the companies hoarding the most cash outside America
(DBN)

Toyota CEO: Don't Ditch NAFTA
(DBN)

These working moms were on the clock while going into labor
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Mortgage rates are little changed this week • Average US 30-year mortgage rate edges down to 4.02 percent
(DBN)

Credit Suisse Pays $400 Million to End Mortgage-Securities Suit
(DBN)

Leader of proposed Telegraph Hill development in Fredericksburg files for bankruptcy protection
(DBN)

Ocwen Swiftly Went on Counterattack Against the CFPB
(DBN)

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Municipalities:

Puerto Rico's bankruptcy fate is now up to Chief Justice John Roberts
(DBN)

Creditors Of Puerto Rico Have A Problem - The Population Can Go And Leave The Debts Behind
(DBN)

Puerto Rico Bankruptcy Is 'Beginning of the Story' for Investors • Puerto Rico, investors dig in for bankruptcy battle
(DBN)

Puerto Rico Somewhat Unique Among U.S. Municipal Bankruptcies
(DBN)

Insurers say Puerto Rico's fiscal plan violates PROMESA
(DBN)

Puerto Rico: island of despair
(DBN)

Only statehood can end Puerto Rico’s crisis
(DBN)

Puerto Rico insurer challenges restructuring plan • Puerto Rico Bond Insurer Becomes First to Challenge Restructuring Plan
(DBN)

Puerto Rico bankruptcy 'a teachable moment' for Guam
(DBN)

How did Puerto Rico get into this predicament?
(DBN)

Even Buying Puerto Rico Bonds Near Record Lows Isn't a Sure Thing
(DBN)

Puerto Rico seeks protection from creditor suits under new PROMESA law
(DBN)

Puerto Rican bankruptcy : Better late than never
(DBN)

Message of Puerto Rico Debt Crisis: Easy Bets Sometimes Lose
(DBN)

Pending Litigations Against the Government to be Absorbed by Title III
(DBN)

Paradise In Peril: Puerto Rico Shows Governments Do Go Bankrupt
(DBN)

Assured, MBIA sue Puerto Rico board over island fiscal plan
(DBN)

Why you can't ignore Puerto Rico's bankruptcy
(DBN)

Puerto Rico Bankruptcy - Historic... But Not Unexpected
(DBN)

Pimco’s Hammer on Puerto Rico: Door Opened for Steeper Haircuts
(DBN)

Puerto Rico Filed for Bankruptcy. Are You Surprised?
(DBN)

Puerto Rico bondholders in for bumpy bankruptcy ride
(DBN)

'Stop Vulture Funds': Puerto Rico Students Protest Austerity
(DBN)

Puerto Rico Collapse Shows Debts Seen as Ironclad May Not Be
(DBN)

The bankruptcy lessons offered by a Guam cousin, Puerto Rico
(DBN)

“Bankruptcy in Providence Would Be Very Good”
(DBN)

Dallas pension bill moves to Texas senate
(DBN)

Puerto Rico Defaults: Are Illinois And New Jersey Next?
(DBN)

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Oil/Gas:

Texas oil bankruptcies down to a trickle even as oil prices slide
(DBN)

These out-of-favor oil stocks rose up to 48% in 15 months — and more gains may come
(DBN)

Fri: Crude oil regains $45 as bargain hunters step in
(DBN)

Thurs: Oil prices just fell below $47 a barrel; Now at a five-month low • Oil sinks to its lowest level since November • Oil dives under $50/bbl again on stubborn global glut • Oil just dropped to a 5-month low below $46 and analysts say it could go much further • Oil dives 5 percent; OPEC looks unlikely to deepen output cuts • Plunging oil prices show OPEC has lost its grip on the market • Oil just suddenly plunged • Why Are The Oil Markets Crashing?
(DBN)

Nimble Shale Drillers Outpump Giants, Confounding OPEC
(DBN)

Plunging oil prices and energy companies sink stock indexes
(DBN)

Houston-based manufacturer files for Chapter 11 bankruptcy
(DBN)

Memorial Production Partners successfully completes financial restructuring
(DBN)

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Corporate Reform:

House Panel Approves Plan to Undo Parts of Dodd-Frank Financial Law • The House Gets One Step Closer to Scrapping Dodd-Frank
(DBN)

American banks think they are over-regulated - Time to loosen the reins, say America’s banks. Not so fast, say regulators
(DBN)

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Retailing:

Victoria's Secret is at a 'tipping point,' getting weaker by the day, L Brands analyst says
(DBN)

Gander Mountain's new owner Camping World to keep at least 17 stores
(DBN)

Gymboree Plans Store Closures as Part of Upcoming Bankruptcy
(DBN)

Retailer Bebe avoids bankruptcy with landlord deals: sources
(DBN)

Bachrach Clothing Stores File for Bankruptcy Protection in Los Angeles
(DBN)

More Retail Bankruptcies Expected In 2017
(DBN)

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Autos:

A Wall Street bank eviscerates Tesla
(DBN)

Tesla Sees 7% Drop Off in New Orders
(DBN)

Tesla Grapples with Quality Control
(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 (24 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (46 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:

Today in Data: Retail Bankruptcies in 2017
(DBN)

New Hampshire bankruptcy filings fall in April
(DBN)

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Avoidance Actions:

Lessors Beware: Lease Termination Might Give Rise to Fraudulent Transfer or Preference Claims
(DBN)

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Make-Whole:

Third Circuit enforces make-whole premium for secured lenders in Energy Future Holdings bankruptcy
(DBN)

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Settlements:

U.S. Supreme Court Approves Structured Dismissals in Certain Circumstances
(DBN)

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SCOTUS:

U.S. Supreme Court: A Tale of Two Certioraris
(DBN)

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Bankruptcy Rules:

Anticipated Amendments to Bankruptcy Rules Require Changes to Claims Filing Procedures
(DBN)

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Food/Beverage:

Food Suppliers Seek to Force Central Grocers Into Bankruptcy • Stracks Owner Details Bankruptcy Filing • Central Grocers files for bankruptcy • Central files Chapter 11, will auction Strack, warehouse
(DBN)

Report: Owner Of Joe's Crab Shack Prepping For Bankruptcy • Joe's Crab Shack Owner Said to Prepare Bankruptcy Filing • Joe's Crab Shack up for sale amidst reports of possible bankruptcy
(DBN)

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Healthcare:

The GOP Health Care Act Would Reverse Gains Made by Community Hospitals
(DBN)

House Passes Healthcare Bill As Trump Gets Major Win • Wall Street stays flat after House clears health bill • Senate Republicans just signaled they plan to scrap bill the House just passed and write their own • House Republicans should ask themselves: Was it worth it? • 'Grin Reaper': New York Daily News rips Trump over Obamacare repeal • Now for the hard part: Obamacare replacement heads to a more skeptical Senate • The Senate Holds All the Cards on Health Care • So the House passed its health care bill. What now?
(DBN)

Here's what doctors and patient advocates think about the Republican healthcare bill • GOP's Obamacare replacement bill would protect just 5 percent of people with pre-existing conditions: Analysis • The Republicans’ amended health-care law could be devastating for four big groups of Americans • New Health-Care Bill Moving Ahead Without Updated CBO Score • Can the GOP’s Contrived Health Plan Rescue Consumers from Obamacare’s Collapse? • The GOP healthcare bill could wreak havoc on employer insurance because of an obscure provision of Obamacare • A Little-Noticed Target in the House Health Bill: Special Education • 'The beginning of the end of Obamacare as we know it' • $8 billion comes nowhere close to meeting Republican commitments to people with pre-existing conditions • The AHCA could bring back lifetime limits. That’s bad news for this 6-year-old boy. • Here are the major changes to the GOP healthcare bill • Fresh Opposition to GOP Health Bill From Advocate Groups • GOP Health Bill Jeopardizes Out-of-Pocket Caps in Employer Plans • Pelosi warns House Republicans will carry 'scar' if they pass health-care bill • The Republican health plan still has an exemption for legislators’ insurance • TrumpCare is Just a Trillion Dollar Tax Cut • List Off Obamacare Taxes Repealed • Republicans’ health-care bill would be comical if it weren’t so dangerous • One of Maryland’s biggest Obamacare insurers wants to hike rates 50 percent next year
(DBN)

Trump praised Australia's universal healthcare system — Bernie Sanders had a hilarious reaction
(DBN)

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Personal Finance:

Poor credit can cost you as much as 288% more on homeowner's insurance
(DBN)

My partner makes twice as much money as I do. What’s the best way to split the rent?
(DBN)

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Golf:

Did bankrupt Trump golf course in Puerto Rico leave taxpayers on the hook?
(DBN)

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Fraud:

Real estate exec gets 40 years for $300 million Cay Clubs Ponzi scheme
(DBN)

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Shipping:

Alliances, scrapping, and Hanjin bankruptcy fail to cure boxship oversupply
(DBN)

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UK:

Does ATE insurance trump Security for Costs?
(DBN)

British manufacturers are shaking off Brexit and reporting rapid growth
(DBN)

Former BHS owner Retail Acquisitions nears collapse
(DBN)

Record number of UK care homes declared insolvent
(DBN)

Court of Appeal: Pensions not yet in payment are protected from bankruptcy
(DBN)

You can earn 4 times the bonus working as a junior banker for an American bank in London than a British one
(DBN)

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EU:

EU May Force U.K. Clearinghouses to Relocate Due to Brexit
(DBN)

European stocks fall from 21-month high ahead of U.S. jobs, French election
(DBN)

Macron stretches lead as French presidential campaign enters final day
(DBN)

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PIIGS:

Fitch: Greece's deal with creditors positive step for unlocking aid • Moody's: Agreement with creditors paves way for Greek debt relief • Greece’s Creditors Propose Debt Swap
(DBN)

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Canada:

U.S. fashion chain Express to shut all 17 stores in Canada
(DBN)

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Japan:

How things got ugly for some of Japan's biggest brands
(DBN)

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Brazil:

Brazil PMI surveys spell end to nation's deepest-ever recession
(DBN)

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Bahamas:

Bankruptcy expert provides overview on Baha Mar
(DBN)

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India:

Insolvency and Bankruptcy Code: How it offers ultimate economic freedom, promotes inclusive growth
(DBN)

India tweaks rules to help resolve banks' $150 bln bad debt problem
(DBN)

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Mongolia:

Mongolia scores corporate workout first
(DBN)

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