September 13, 2017

The Daily Bankruptcy News

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Law:

Which Firms Are Doing Right By Their Staff?
(DBN)

Biglaw Firm Announces Two Mergers In Span Of Two Weeks
(DBN)

Kobre & Kim Continues to Expand Global Insolvency Practice With Senior Hire From Brown Rudnick
(DBN)

Ropes & Gray Leaders on 'Unusual' Turnover
(DBN)

Florida Lawyers Fared Hurricane Safely
(DBN)

After Irma, Florida Law Firms Quickly Get Back to Work
(DBN)

Lawyers Find Ways to Cope During and After Irma
(DBN)

Big Deals Slow as Uncertainty Persists in Trump Era
(DBN)

DA Seeks Prison Sentence for Former Dewey CFO
(DBN)

Lawyer Who Tweeted He'd Be 'OK' if Betsy DeVos Was Assaulted Resigns From Law Firm
(DBN)

97.6 Percent Of Trump’s U.S. Attorney Nominees Are Men
(DBN)

That One Op-Ed By Those Two Law Professors
(DBN)

Baker McKenzie Hires Big Law Veteran as New Client Development Chief
(DBN)

How to Deal With A-------
(DBN)

Why Are So Many Partners Leaving Ropes & Gray?
(DBN)

Research: Lawyers take just 36 minutes for their lunch
(DBN)

In the Wake of Equifax's Breach, A Look at Who's Leading the Legal Department
(DBN)

Supreme Court allows Trump's broad refugee ban
(DBN)

Trump’s voter fraud commission is hearing a proposal to make every voter pass a gun background check
(DBN)

Suit claims sheriff misused hurricane emergency shelters ‘as unlawful pedestrian checkpoints’ • LOL-Flori-Duh: Sheriff Who Threatened To Arrest People Seeking Shelter Has Already Been Sued
(DBN)

'A calculated attack': The White House says the DOJ 'should certainly look at' prosecuting James Comey
(DBN)

Why lawyers will love the iPhone 8 and iPhone X • Here are all the big products Apple announced on Tuesday • Apple announces 3 new iPhones and a revamped watch • Apple unveils the iPhone X — and it's gorgeous • Everything Apple announced at its iPhone event • 3 winners and 2 losers from Apple’s September iPhone event • Apple announced an iPhone 8 and iPhone X — here are the most important differences • Hands-on with the iPhone X • Apple just announced a new feature that lets your iPhone scan your face and people are creeped out • Apple's new high-end iPhone comes in only 2 colors — and people are furious • The iPhone you want to buy isn't coming out until November • How to get Apple’s new iPhone for half price • The new iPhone X, explained • Apple’s pricey new $999 iPhone X sparks hilarious memes – but experts say it will still be a hit • iPhone X vs iPhone 8: What Are the Big Differences?
(DBN)

Trump Reportedly Considered Firing Special Counsel Robert Mueller
(DBN)

US Justice Department declines to prosecute Baltimore officers in Freddie Gray case
(DBN)

Relatives of undocumented children caught up in ICE dragnet • 4 more states sue Trump administration for canceling DACA • Congress Puts Dreamer Solution Down Docket
(DBN)

Maryland judge orders ethics investigation of Hillary Clinton lawyers over deleted emails
(DBN)

‘Small Enough To Jail’ Looks At The Only Bank Prosecuted Over The Housing Crisis
(DBN)

American Apparel's founder says that 'sleeping with people you work with is unavoidable'
(DBN)

House Wants to Restrict Asset Forfeiture
(DBN)

White Man Faces Hate Crime Charges for Crazy ‘Shut Up, Slave’ Rant
(DBN)

Lawyer Disbarred For Planting Drugs On Elementary School Volunteer
(DBN)

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Judges:

Congress should end partisan ‘nonsense’ over SCOTUS nominations, Ginsburg tells Chicago crowd
(DBN)

The Justice Who Opened The Door For Women Law Clerks
(DBN)

Posner Thoughts Annotated: An Interview With Jack Metzler • Judge Posner talks to the NY Times about his sudden retirement
(DBN)

How ‘Friends’ of the Court Can Tip the Scales of Justice
(DBN)

Ruth Bader Ginsburg shares stories of discrimination and being underestimated
(DBN)

Judge Benched for Wearing Trump Hat in Court
(DBN)

Judge's Failure to Turn In Boyfriend Not Official Misconduct, Appeals Court Rules
(DBN)

How a Progressive Interest Group Used Fake News to Hijack Amy Barrett’s Judicial-Confirmation Hearing
(DBN)

Judge Slashes Fees, Offers Primer on Billing
(DBN)

Wait, What? Holly Bobo Judge May Send Death Penalty Jury To Football Game
(DBN)

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Wall Street:

Futures point to a slightly weaker open on Wall Street
(DBN)

Stocks hit record highs after interest rates jump, Mnuchin talks up tax reform
(DBN)

Global fund managers have lowest allocation to US stocks in nearly a decade
(DBN)

Tiger Management's Robertson says 'we are creating a bubble' in stocks
(DBN)

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Layoffs:

WARN Act Liability Requires Probability of Closure
(DBN)

30% of Bank Jobs Could Disappear in 5 Years
(DBN)

US drugmaker Alexion to lay off 20% of workforce, 620 jobs
(DBN)

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Weather:

Florida Keys Close to a Humanitarian Crisis • Herculean Task as Crews Race to Restore Power Cut by Irma • After Irma, Florida's mass exodus contemplates return trip • Traffic jams as Floridians are allowed to return home as heat wave closes in • Hurricane Irma: Before and After Photos • Hurricane Irma Destroyed 25% of Homes in Florida Keys, FEMA Estimates • After Irma, Many Mobile Homeowners May Face Tough Choice • Florida Staggers Toward Long Recovery • Irma's wrath: more than half of Florida still in the dark • In Florida, a Storm’s Fright Gives Way to a Blackout’s Troubles • “I’m sorry I ever agreed to evacuate” • Can’t get back home to the Keys? Here’s the only shelter that will take you in • Irma’s trail of destruction in Florida Keys revealed • Irma victims' need for relief is only beginning • Trees Down, Power Lines Block Miami Beach Roads • Social Media Gets the Word Out During Irma Emergency • How business was battered by Hurricane Irma • Authorities Consider Felony Charges After Pets Tied Up, Abandoned in Hurricane • Only 14% of the 3 million households hit by Irma have flood insurance • Florida has 828,000 mobile homes. Only half are insured. • Hurricane Irma has broken a mind-boggling number of records • Life in Florida After Irma
(DBN)

Residents not thrilled about Houston mayor's proposed 9% property tax hike • More Than 80000 Flood Insurance Claims Filed In Wake Of Harvey • Emmett calls for sweeping changes to region's flood control strategy • Hurricane Harvey Caused 500,000-Year Floods in Some Areas • For Many in Houston Without Flood Insurance, SBA Loans Offer a Lifeline • Houston to Congress: Fund Coastal Barrier • Hurricane Relief Contractors Can Expect More Fraud Scrutiny
(DBN)

JPMorgan, U.S. Banks Face $3 Billion of Loan Losses From Catastrophic Hurricanes
(DBN)

Anarchy In The Caribbean After Hell Storm
(DBN)

Royal Caribbean using ships, supplies to aid people on Irma-ravaged islands
(DBN)

Massive storms hit airlines where it hurts: Their hubs • American Airlines cuts quarterly revenue forecast after Irma
(DBN)

Here's the best way to limit the risk of 'widespread' hurricane damage • America's self-defeating cycle of floods and federal aid • Harris County seeking $17 million to buy homes of highest risk to flood • National flood insurance will help clean up after Irma and Harvey. And that's a problem. • Conservatives Are Tired Of Throwing Money At “Predictable” Natural Disasters • With federal flood insurance, corporations get a third of premiums and taxpayers get the bill
(DBN)

Construction Companies Make Billions From Ever Costlier Disasters
(DBN)

Welcome to the Era of Extreme Rain
(DBN)

Pentagon Still Preparing for Global Warming
(DBN)

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Retailing:

Whole Foods' foot traffic surges over 25 percent following Amazon price cuts
(DBN)

The easy money has already been made off the retail meltdown, billionaire Marc Lasry says
(DBN)

To Save Retail, Let It Die
(DBN)

Nordstrom family nears deal with PE firm in bid to take department store private • Nordstrom’s owners reportedly choosing Leonard Green as financial partner
(DBN)

Neiman Marcus Is Closing More Than 25% of Its Outlet Stores
(DBN)

Bon-Ton Stores Edges Toward Restructuring
(DBN)

Prestige Appliance files for bankruptcy
(DBN)

Vitamin World Files For Bankruptcy, Closing 51 Stores
(DBN)

Toys "R" Us: No Game Changer For Vornado Realty
(DBN)

rue21 Reorganization Plan Confirmed, BofA Agents Up to $125MM DIP
(DBN)

______________

Taxis:

The rise and fall of New York City's 'Taxi King'
(DBN)

Taxi Medallions, Once a Safe Investment, Now Drag Owners Into Debt
(DBN)

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Economy:

Census Bureau: Median Incomes Climbing for First Time Since 2007 • American incomes rose for second consecutive year under Obama • Middle-class income hit highest level on record in 2016, Census Bureau reports • American families finally earn more than they did in 1999 • Middle Class: Thank You President Obama! • Median US Household Income Up for 2nd Straight Year; Tops '07 Level • Median income in the U.S. hits new highs
(DBN)

Census: More Americans Emerge from Poverty
(DBN)

It turns out that Obama got a bum rap on the economy
(DBN)

The wealth distribution of American households
(DBN)

Consumer Borrowing Turns Around in July • Consumers piled on credit card debt in second quarter
(DBN)

Mnuchin: Yellen being considered for Fed chair, but so are 'a lot of great people' • Janet Yellen Has Reached Breakfast-With-The-President’s-Daughter Levels Of Job Insecurity
(DBN)

Soon the Federal Reserve Could Change a Lot
(DBN)

US Treasury secretary Steve Mnuchin on the debt ceiling, tax reform, and serving Trump
(DBN)

Jamie Dimon just went off on Washington again: 'There's something wrong'
(DBN)

The cost of the American dream
(DBN)

U.S. job openings hit another record • BLS: Job Openings Increased Slightly in July
(DBN)

Trump Plans Aggressive Road Show to Sell Tax Overhaul • Mnuchin says considering backdating tax cut to Jan. 1: Would be 'boon' to economy • Here's how Trump is trying to woo Democrats on tax reform • Trump Will Work With Either Democrats or Republicans to Achieve Tax Overhaul • Tax Reform on Menu for Trump's Dinner with Dems • Mnuchin hopes scrapping state deductions won't make some taxpayers owe more • Mnuchin: Trump's corporate tax rate goal may not be achievable • Trump Officials Temper Expectations for 15 Percent Corporate Tax Rate • Treasury chief sees 'competitive' corporate tax rate • Mnuchin says hedge funds will lose carried-interest loophole in tax overhaul • Mnuchin Says He's Still Hopeful for Tax Bill by Year's End • Mnuchin: Services Companies Won't Get 'Pass-Through' Rate Under Tax Plan • Steve Bannon reportedly says tax reform probably won't pass until next year • Trump Prepares a Bipartisan Push on Taxes • Retroactivity May Be Carrot GOP Seeks to Secure Tax Reform Win • Trump Woos Democrats on Tax Overhaul at White House Dinner • Why American Workers Pay Twice As Much In Taxes As Wealthy Investors
(DBN)

Mnuchin: Trump will 'demand' increase in military spending
(DBN)

NFIB: Small Business Optimism Index increased slightly in August
(DBN)

Gallup: Confidence in U.S. Economy Remains Slightly Positive
(DBN)

Mnuchin: Harvey, Irma will be short-term negative for economy, pledges more federal aid
(DBN)

Mnuchin Threat to China Over North Korea Is Empty Because Beijing Owns America's Debt
(DBN)

A Gary Cohn exit from Trump White House would be ‘terrible’ for markets: hedge-fund manager Ray Dalio
(DBN)

Billionaire Schwarzman on Trump CEO counsel controversy: I was accused of being 'a Nazi'
(DBN)

Lawrence Summers: How aging, inequality and China make the U.S. government likely to get larger
(DBN)

How Warren Buffett broke American capitalism
(DBN)

Investors Beware, These Bubbles Are Ready To Burst
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

FEMA-Designated Disaster Areas in Southeast Texas from Hurricane Harvey Have More than 2X as Many Mortgaged Properties as Hurricane Katrina
(DBN)

Houston housing market still going strong post Harvey
(DBN)

Weighing The CMBS Impact Of Harvey And Irma
(DBN)

Mortgage delinquencies continue falling in June
(DBN)

Mortgage Applications Increase in Latest Weekly Survey
(DBN)

House Prices to Median Household Income
(DBN)

US Goes After Subprime Mortgage Banker
(DBN)

Toys “R” Us’ Potential Bankruptcy Threatens $3.6B in CMBS
(DBN)

Dallas housing counseling agency executive admits to preying on struggling borrowers
(DBN)

Consumers remain too optimistic when estimating home value
(DBN)

____________

Municipalities:

Puerto Rico Bonds Gain After Judge Rules Against Highway Debt
(DBN)

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Oil/Gas:

Seadrill files for bankruptcy protection and restructures debt • Offshore drilling group Seadrill files for bankruptcy • Seadrill Files for Chapter 11 Bankruptcy Protection in Texas • Seadrill Files Prearranged Chapter 11 Cases In Southern District Of Texas • Shareholders hit hard as Seadrill files for Chapter 11 • Seadrill Files for Bankruptcy in Bid to Shrink Debt Load • Seadrill files for Chapter 11 bankruptcy • First Day Dec • First Day Dec (2) • First Day Dec (3) • Plan • Disclosure Statement
(DBN)

Oil edges up as OPEC output falls, offsets hurricane concerns
(DBN)

Global oil demand to exceed expectations in 2017, says IEA; OPEC cuts supply
(DBN)

OPEC's Closing-Down Sale
(DBN)

China's ban on gas-powered cars could cripple the oil market
(DBN)

Hurricanes Harvey and Irma could cause a big drop in oil demand
(DBN)

Global oil supply fell for 1st time in 4 months due to Harvey: IEA
(DBN)

Will These Beaten-Down Oil Stocks Sink or Swim?
(DBN)

North Atlantic Drilling: Sees no recovery for current shareholders under Chapter 11
(DBN)

FourWinds ‘might have been a Ponzi scheme,’ Uresti testifies
(DBN)

______________

Travel:

Hands On with the TSA's New 'Enhanced' Pat-Down Procedure
(DBN)

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Food/Beverage:

Amazon may be undermining the restaurant industry
(DBN)

Corbion Wins Bankruptcy Competition for TerraVia
(DBN)

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Autos:

Carmakers Face Electric Reality
(DBN)

Financial Distress Is On The Table For Blink Charging
(DBN)

______________

Banking:

Bankruptcy judge defers decision on requests to tap insurance policies for legal costs of First NBC Bank executives, directors; auditors to review tax-related assets
(DBN)

Wells Fargo CEO 'Can't Promise' New Reviews Won't Find Issues
(DBN)

______________

Celebs:

50 Cent suing business managers for botching his bankruptcy
(DBN)

______________

Telecoms:

Avaya Announces Plan Support Agreement Executed by Holders of More than Two-Thirds of First Lien Debt
(DBN)

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Bankruptcy Crimes:

Wealth Manager Doug Jennings Pleads Guilty to Bankruptcy Fraud • Disbarred Attorney Pleads Guilty to Concealing $1.5 Million in Bankruptcy Assets and Evading $6 Million in Taxes • Rancho Santa Fe accountant admits to hiding yacht, silver in bankruptcy case, evading $6M in taxes
(DBN)

Husband of 'Real Housewives' star challenges prison ruling
(DBN)

______________

Solar:

U.S. trade commission launches probe into solar panel imports • Suniva 'Hopeful' for Help Combating Solar Panel Imports
(DBN)

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Exhibitions:

From Deep in Atlantic, Titanic Relics Sail Toward Auction
(DBN)

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Pensions:

Kilmartin Lawyer Who Approved St. Joseph’s Sale to CharterCARE Leaves AG After 23 Years
(DBN)

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Nuclear:

SCANA, Santee Cooper face another lawsuit from customers seeking refunds for scuttled nuclear project
(DBN)

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Religion:

Archdiocese of Santa Fe releases names of accused priests
(DBN)

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Newspapers:

She bet on the future of print news and bought Alaska's largest daily paper. Now she's lost it in a bankruptcy fire sale. • Alaska Dispatch News lives to fight another day • Yosemite Alice
(DBN)

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Credit Reporting:

Equifax’s Maddening Unaccountability • Chatbot lets you sue Equifax for up to $25,000 without a lawyer • Chatbot lawyer wants to ' bankrupt ' Equifax following data breach • What Joshua Browder’s Equifax Claims Tool Means for Lawyers • Equifax Drops Charges for Credit Freeze • 2 The three big questions Equifax hasn’t answered • U.S. senator on Equifax hack: 'Somebody needs to go to jail' • Equifax CEO: 'We will make changes' • Equifax and Finance Industry's Deregulation • Equifax: A Call for Public Utility Regulation of Consumer Reporting Agencies • Experian Waiting for Equifax's Explanation • Equifax Hack: Bad for Them, Worse for Us • How to Fix Identity Theft Issues • Equifax’s Seismic Breach Tests Trump’s Pledge to Dismantle Rules • Equifax Breach May Kill Repeal of CFPB Mandatory Arbitration Rule • Dozens of Senators Seek Probe of Equifax Executives’ Stock Sales
(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 (86 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (100 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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Corporate Governance:

Delaware loses long-held No. 1 ranking for business-friendly legal climate to South Dakota
(DBN)

In A Post-Trial Opinion, Delaware Court Of Chancery Dismisses Breach Of Contract And Fiduciary Duty Claims For Lack Of Personal Jurisdiction
(DBN)

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Litigation:

The Crucial Role Of The Project Manager In eDiscovery
(DBN)

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Ch. 13:

BK SD CA Seeks Comments On Ch. 13 Plan, Rules
(DBN)

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Sales:

When Leaseholds and Sales Collide in Bankruptcy
(DBN)

______________

Mediation:

Micromanaging the Mediation Process
(DBN)

______________

Autos:

Four reasons electric cars are poised to completely take over the market
(DBN)

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Politics:

Mueller haunts the West Wing • Russia Sought A Broad Reset With Trump, Secret Document Shows • A Lot of Steele's Dossier Has Been Corroborated • Michael Flynn reportedly rejects new request to testify in Russia investigation • Kushner Keeps Winning Feuds, Not Policies
(DBN)

After an earthquake and a hurricane — and Trump's failure to send condolences — Mexico rescinds offer of aid to U.S.
(DBN)

Sen. Tim Scott To Meet With Trump Over Charlottesville Response
(DBN)

Trump's hostile takeover of the GOP has just begun • Mnuchin defends Trump after deal with Democrats: 'The president is absolutely a Republican' • McConnell: Democrats 'spiked the ball in the end zone a little too early' on their deal with Trump • Sorry Dems: Trump is Really a Teflon Don
(DBN)

Senate sends resolution condemning white supremacists to Trump's desk
(DBN)

Mr. Bannon. Haven't We Suffered Enough?
(DBN)

How Trump Is Ending the American Era
(DBN)

Ted Cruz blames staffer for 'liking' p--- tweet
(DBN)

America's Long History of Voter Suppression • Fellow Commissioners Slam Kobach's Claims
(DBN)

Inside the Real Fake News Machine
(DBN)

The Long List of Who Clinton Blames for Loss • The Case Against Clinton Has Two Big Flaws
(DBN)

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Healthcare:

Repealing Obamacare Could Close Your Local Hospital
(DBN)

Senate Health Bills Struggle to Win White House Backing
(DBN)

Sanders' single-payer push splits Democrats • Incentives Are All Wrong for Single-Payer Health Care
(DBN)

Care New England President Announces Retirement as System's Losses Mount
(DBN)

$475,000 Price Tag of Gene Therapy Is Expected to Be Norm
(DBN)

Look at the maps that show Obamacare's big effect on Americans' health insurance coverage • The effect of Medicaid expansion on the uninsured
(DBN)

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Maritime:

Danish investors in bankrupt OW Bunker to sue IPO banks
(DBN)

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Fraud:

Jamie Dimon slams bitcoin as a fraud 'worse than tulip bulbs'
(DBN)

Martin Shkreli apologizes for bizarre Facebook post offering cash for Hillary Clinton's hair • Shkreli Says His $5,000 Bounty on Clinton Hair Was ‘Satire’
(DBN)

______________

UK:

Ashurst picks up key role as Bell Pottinger calls in administrators
(DBN)

'We'd be in huge trouble:' A former Bank of England economist warns of the fragility of the UK's financial system
(DBN)

Bell Pottinger goes into administration
(DBN)

Ten years on... Millions still paying the price of Northern Rock collapse: How the financial crisis robbed pensioners of half of their income
(DBN)

What if Brexit Negotiations Fail?
(DBN)

Theresa May Takes Her Darkest, Most Desperate Turn Yet
(DBN)

4.3%: UK unemployment falls to 42-year low
(DBN)

______________

PIIGS:

While Greek PM Calls for Investors, his Men Try to Chase them Away
(DBN)

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Canada:

Sears Canada pensioners still fighting for payout
(DBN)

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India:

SBI sets up a new task force to deal with insolvency resolution cases
(DBN)

Should insolvency code be amended to protect home buyers? • After Jaypee Infra homebuyers, those at Amrapali set to take this tough action • Will Homebuyers Get Parity With Jaypee Infratech Lenders?
(DBN)

Bankruptcy Code: 28 solvent firms initiate voluntary liquidation
(DBN)

As India Inc struggles to cut down debt, the economy suffers • Rupee Optimism Holds Despite Shock Slowdown in India Growth
(DBN)

Ricoh's troubled Indian arm slapped with insolvency action
(DBN)

Making “Doing Business In India” Easy For Foreign Trade Creditors?
(DBN)

The Chinese Wrench in India's Struggling Steel Industry
(DBN)

______________

Australia:

Beware the Devil on Commonwealth Bank's Shoulder
(DBN)

Australian Restructuring and Insolvency Law Reform passes through the Federal Parliament
(DBN)

Lawyers: Creditors left in the dark on Ten Network
(DBN)

Deciphering insolvency lingo
(DBN)

When Will A Court Set Aside An Arbitral Award And Remove The Arbitrator Due To The Procedural Unfairness?
(DBN)

______________

Brazil:

New York Hedge Fund Faces ‘Vulture’ Critic in Brazilian Bond Bet
(DBN)

Brazil Celebrity Lawyer Takes on Prosecutor in Batista Detention
(DBN)

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Bahamas:

The Final Destruction Of Baha Mar
(DBN)

______________

Germany:

Air Berlin cancels more flights as pilots call in sick • Air Berlin pilots who took sudden sick leave called back to work • China's LinkGlobal could enter bidding for Air Berlin
(DBN)

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Russia:

Ex-Yukos Shareholders Say Russian Atty Is Elusive
(DBN)

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China:

New court tribunals speed up processing of bankruptcies
(DBN)

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South Korea:

Creditors Reject Self-Help Plan for Kumho Tire
(DBN)

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Venezuela:

Your Friendly Neighborhood Sanctions Running Strategy
(DBN)

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