September 22, 2017

The Daily Bankruptcy News

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Law:

Biglaw Firm Announces Hundreds Of Buyouts And Layoffs, Almost 500 Affected
? (DBN)

PwC to open US law firm, a sign of increasing focus on legal operations by Big 4 accounting firms • Five Lawyers to Start PwC Branded Law Firm
(DBN)

Here's What's Next for Toys R Us Counsel After Filing Chapter 11
(DBN)

Debtor Seeks to Compel Examination of Law Firm's Electronic Devices
(DBN)

Earthquake Shakes Up Law Firms in Mexico City But Most Escape Major Damage
(DBN)

Biglaw Is Doomed If This Becomes A Trend
(DBN)

Kasowitz Benson Gets Two New Co-Managing Partners After A Year Of Insanity
(DBN)

The legal education model is out of touch, writes new ABA commission member
(DBN)

BigLaw Firm Faces Questions for Ukraine Work With Manafort • Justice Department reportedly asks Skadden for information about Manafort-related work • Paul Manafort Got Himself a New Job Lobbying Against the U.S. • Manafort's FBI surveillance began after he left Trump campaign: report
(DBN)

How to Calm an Angry Client in 90 Seconds or Less
(DBN)

Opening your law office to open spaces
(DBN)

The role legal finance can play in firm year-end collections
(DBN)

Another Law School Bows To The Inevitable And Accepts The GRE
(DBN)

2016-17 Survey Of The Clinical Legal Education Programs At 187 Law Schools
(DBN)

Controversy Over Law Profs' Op-Ed On The Breakdown Of The 'Bourgeois Culture' Shifts From Penn To San Diego
(DBN)

Another Cellmate Implicates Hit Man In Dan Markel's Murder
(DBN)

Sean Spicer filled 'notebook after notebook' on Trump campaign and White House meetings — and it could have major implications for the Russia investigation • Mueller's investigators want to know what Sean Spicer knew when he said Trump had confidence in James Comey days before Comey was fired • Mueller seeks phone records on first Trump Jr.-Russia statement
(DBN)

The 5 best hidden features from the latest iPhone update • 5 Hidden Apple iOS 11 Features You Need to Try
(DBN)

Online Imposters Add to Law Firms' Cyber Risks
(DBN)

Are Facebook, Instagram and Snapchat relevant to law firm marketing?
(DBN)

What the Waiting List for Legal Residency Actually Looks Like
(DBN)

Most Americans want protection for ‘Dreamers’
(DBN)

Aaron Hernandez Found to Have Severe C.T.E. • Aaron Hernandez Fiancee Sues Patriots & NFL • Aaron Hernandez's daughter sues the NFL and New England Patriots
(DBN)

Sean Spicer Threatens Legal Action Against For Asking For Comment
(DBN)

Squire Patton Boggs loses battle for its name with Chinese company
(DBN)

Jones Day lawyer enters Guinness Book of Records for 3 piece suit marathon
(DBN)

Cliven Bundy Wants His Lawyer Removed
(DBN)

SEC Hack: Why It's a Really Big Deal • SEC failed to heed warnings of lax cybersecurity • SEC's Cyber Breach Report Too Little, Too Late, Experts Say • Wall Street’s watchdog fails to follow its own counsel on disclosing cyberattacks • Hackers May Have Profited From SEC Corporate Filing System Attack
(DBN)

Amazon did nothing to stop unauthorized purchases by law firm employees, suit says
(DBN)

Fat Shaming In The Workplace: Is Calling Someone A ‘Big Bottomed Girl’ Actionable?
(DBN)

The Trump-Loving Lawyer Who Won’t Stop Suing Fox News
(DBN)

Who Will Play Trump’s Attorneys In The Inevitable Film?
(DBN)

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Judges:

Hurricanes Shut Down Federal Courts in Caribbean
(DBN)

Justice Ginsburg Traces Road To 'Flaming Feminist Litigator'
(DBN)

Tiffany Trump Attends Ruth Bader Ginsburg Talk And It Isn’t Awkward At All
(DBN)

Oregon lawmakers demand investigation, apology over mistaken ICE stop at courthouse
(DBN)

Is Posner’s ‘baffling’ book an ethics breach? Chief judge objects to release of internal memos
(DBN)

In Trump’s America, is the Supreme Court still seen as legitimate?
(DBN)

Federal judicial nominee says suit over transgender child’s bathroom access shows ‘Satan’s plan’
(DBN)

Studying For Supreme Success
(DBN)

Firm gouged by judge for 2,000 page filing
(DBN)

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Wall Street:

U.S. stock futures fall after North Korean nuclear bomb threat • Wall Street futures point to a lower open after North Korea threats revive geopolitical fears
(DBN)

US stock indexes dip in afternoon trading; oil rises
(DBN)

Dow industrials’ 9-day rally is over — but still historic
(DBN)

Shiller: The U.S. stock market looks like it did before most of the previous 13 bear markets
(DBN)

Jim Rogers Doubles Down on a Bear Market
(DBN)

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Layoffs:

ADN begins employee layoffs following bankruptcy, new owners • New owners lay off employees at Alaska's largest newspaper
(DBN)

Hewlett Packard Enterprise to lay off 5,000 workers
(DBN)

OR: White City transformer firm will lay off 110
(DBN)

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Politics:

Trump unleashes on Kim Jong-un, Hillary Clinton, "media screaming"
(DBN)

Pence Fact Check: "Thomas Jefferson said, ‘Government that governs least governs best.’ "
(DBN)

Sean Spicer, in his first interview after the Emmys, said he didn't 'knowingly' lie as press secretary
(DBN)

Tillerson Urges Trump to Recertify Iran's Compliance With Nuclear Deal
(DBN)

Kim says he will ‘tame the mentally deranged U.S. dotard with fire’
(DBN)

Price Flown by Private Jet 24 Times Since May • Tom Price's trips on private jets cost taxpayers more than $300,000: report
(DBN)

Trump Has Filled, Not Drained, the Swamp
(DBN)

Does She Know Her Husband is a Cyberbully? • Melania Trump Has a Bully-in-Chief Problem
(DBN)

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Weather:

Jeb Hensarling to Flood Victims: God's Telling You to Move
(DBN)

Death toll from overheated Florida nursing home where the AC went out during Hurricane Irma rises to 10
(DBN)

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Retailing:

The future of Toys 'R' Us depends on this holiday season • How Toys R Us Succumbed to Its Nasty Debt Problem • Toys R Us plans to hire thousands of seasonal workers despite bankruptcy • In Toys R Us Story, Blame Debt Over Amazon • "There is no toy business without Toys 'R' Us" says MGA boss Isaac Larian • Toys R Us issues statement regarding Christmas payment plan after company files for bankruptcy in US • Toys 'R' Us Is a Cautionary Tale for Technology Firms • Wal-Mart: Why the Toys ‘R’ Us Bankruptcy Is Good News • What Went Wrong With Toys R Us • Romney’s Bain Capital has now plunged two toy retailers into bankruptcy
(DBN)

Sears Holdings Could Be Impacted By The Bankruptcy Of Toys 'R' Us
(DBN)

Mattel amends credit agreement with banks after Toys 'R' Us bankruptcy
(DBN)

Debt Continues to Haunt Ailing Retailers
(DBN)

The retail apocalypse is overexaggerated
(DBN)

Deal to Save J.Crew From Bankruptcy Angers High-Yield Debt Investors
(DBN)

With heavy debt loads, retailers risk following Toys “R” Us into bankruptcy
(DBN)

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Aviation:

GLO airlines goes out of business • GLO Airlines is grounded for good • Federal bankruptcy judge clears New Orleans-based GLO Airlines to liquidate
(DBN)

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Debt Collection:

This First-Party Thing is Heating Up
(DBN)

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Economy:

Weekly Initial Unemployment Claims decrease to 259,000 • US weekly jobless claims fall 23K to 259000, below expectations of 300K
(DBN)

US Leading Economic Index Climbs More Than Expected In August
(DBN)

Credit Card Delinquencies Starting To Inch Up Again In The US
(DBN)

Your chances of getting a bigger raise or bonus in 2018 just went down
(DBN)

Everything you need to know about the Fed in just 2 charts
(DBN)

Household net worth climbs by $1.7 trillion as stock market rises • Fed's Flow of Funds: Household Net Worth increased in Q2
(DBN)

$2 trillion later, does the Fed even know if quantitative easing worked?
(DBN)

The US economy and the Fed seem to be moving in opposite directions — and something has to change
(DBN)

Investors fear a Fed policy misstep as central bank reaffirms rate-hike trajectory
(DBN)

Trump and GOP face narrow path for tax cut agenda, new poll finds • Tax Cuts for the Rich by Another Name
(DBN)• White House plan for massive tax cuts gains momentum

White House seen softening trade stance as tax reform fight approaches
(DBN)

Wells Fargo, which called the S&P last year, isn't bullish on 2018
(DBN)

The Wall
(DBN)

World leaders are taking investors down a dangerous economic path
(DBN)

Why Washington Is Certain To Find Canada's Bombardier Guilty Of Trade Abuses Next Week
(DBN)

Wisconsin Gives Foxconn $2.8 Bn, No Environmental Laws to Follow and No Lawsuits
(DBN)

Trump’s Travel Ban Decision Could Set Off New Wave of Turmoil
(DBN)

Mnuchin on sanctions: Do business with U.S. or North Korea, "not both"
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Mortgage Delinquencies increase in Hurricane Affected Areas • First numbers: Mortgage delinquencies climb 16% in Hurricane Harvey-impacted areas
(DBN)

Home prices in Midwestern states drop in July
(DBN)

Buying a house just got more expensive: Mortgage rates rise for first time in 7 weeks
(DBN)

2.8 million Homes still in negative equity at end of Q2 2017 • 2.8 Million Homes Still in Negative Equity at End of Q2 2017, According to CoreLogic
(DBN)

These homes are still worth less than they were in 2007
(DBN)

This grim map shows all the places working-class Americans can’t afford to live
(DBN)

KB Home cuts CEO’s bonus as punishment for his profanity-laced rant at neighbor Kathy Griffin
(DBN)

Homeowners gained nearly $13,000 in equity from last year
(DBN)

NM: Judge orders sale of Market Station building at Railyard
(DBN)

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Municipalities:

Puerto Rico’s bondholder worries spike after Hurricane Maria turns out lights
(DBN)

Will Bankruptcy, Not Storm Damage, Devastate Puerto Rico?
(DBN)

Puerto Rico judge advises legal issues be put on hold after Maria: Report
(DBN)

Puerto Rico Economic Crisis Grows in Wake of Maria's Toll • Pulverized by Hurricane Maria, Puerto Rico lies vulnerable to economic disaster
(DBN)

Puerto Rico's GOP congresswoman: 'This is not the same island' after Hurricane Maria
(DBN)

Puerto Rico's crippled, bankrupt power utility under pressure to rebuild infrastructure • Power crews scramble to Puerto Rico after Maria smashes its grid • Maria Strikes, and Puerto Rico Goes Dark
(DBN)

Hurricane Maria putting more pressure on struggling Puerto Rico, U.S. Virgin Islands • Photos show Hurricane Maria's destruction in Puerto Rico • Why Hurricane Maria was such a nightmare for Puerto Rico • After Maria, Puerto Rico Faces Unique Challenges, Long Road to Recovery • With heavy rain on the way, a stunned Puerto Rico begins to dig out
(DBN)

Puerto Rico could suffer more than $30 billion in damages from Maria, modeler says
(DBN)

Bankrupt Puerto Rico Has Few Options in Wake of Hurricanes
(DBN)

Puerto Rico's Economic Crisis Grows in Maria's Wake
(DBN)

A stunned Puerto Rico seeks to rebuild
(DBN)

Hurricane Maria passed, but for two women in Puerto Rico, the terror was just beginning
(DBN)

ABA helps set up hotline for islanders needing legal assistance after hurricanes • We Need Lawyers Who Can ‘Write’ In Spanish To Help Puerto Rico
(DBN)

Judge orders Browning to turn over assets to Blackfeet tribe
(DBN)

Financial analysts say Pa. taxpayers to pay the price for credit downgrade
(DBN)

Fetal deaths rose 58% after Flint switched to lead-poisoned water
(DBN)

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Oil/Gas:

Crude tops $50 a barrel for first time in two months
(DBN)

U.S. oil company cash flow, production climbed in second quarter, EIA says
(DBN)

Petrobras, Sete Brasil pick mediator in legal dispute
(DBN)

OPEC Has Success at Last, But Oil Revival May Be Short-Lived
(DBN)

U.S. Shale: Water Is the New Oil
(DBN)

Stormy weather exposes shortcomings of world's oil refineries
(DBN)

Ultra Petroleum Responds to make-whole ruling
(DBN)

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Healthcare:

GOP health-care bill 'threatens financial viability of a lot of hospitals': Cleveland Clinic CEO
(DBN)

Debt Sickened a Hospital Giant. Now the Doctors Are Revolting
(DBN)

Graham Cassidy would destabilize individual insurance market, push out smaller providers, experts say • Trump Fact Check: The Graham-Cassidy health care bill does "include coverage of pre-existing conditions." • Fact-checking Jimmy Kimmel's reaction to the Graham-Cassidy bill • Republicans aren’t voting for Graham-Cassidy. They’re just voting for Obamacare repeal. • Trump says GOP's health bill protects pre-existing conditions. Here's the truth • Co-Sponsor of ACA Repeal Left His State Alone • GOP Healthcare Assault to Punish Elders • Lawrence Summers: The Cassidy-Graham vote is a chance for a Republican to be a hero • GOP Trying to Buy Murkowshi's Vote • All 50 state Medicaid directors oppose Obamacare repeal bill • These states would get hit hardest by latest GOP health care bill • Federal estimate shows big win-loss gap among states under Cassidy-Graham bill • The Sneaky Way to Kill a Government Program
(DBN)

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Mass Torts:

Montana set to take over deadly asbestos cleanup site
(DBN)

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Celebs:

Rich Gone Broke: 14 Celebrities Who Went Bankrupt
(DBN)

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History:

Bankrupt Slaves
(DBN)

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Surfing:

Mavericks surf contest permit sale to WSL further clouded by harbor commission
(DBN)

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Banking:

Is Wells Fargo facing a strong Fed penalty?
(DBN)

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Convention Centers:

Bankruptcy Judge: Convention hall's new owner has right to A&P payments
(DBN)

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New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (8 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (14 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)

Southern District of Texas Bench/Bar Conference November 3, 2017
(DBN)

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TBTF:

U.S. may drop federal oversight of AIG
(DBN)

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Avoidance Actions:

Samson Resources Preference Actions Filed in Delaware
(DBN)

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Mootness:

Equitable Mootness Doctrine Persists in Bankruptcy Appeals
(DBN)

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Litigation:

Who's Who: Litigation 2017
(DBN)

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Estoppel:

11th Circuit Nixes Rule Barring Lawsuits Not Declared in Bankruptcy
(DBN)

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Make-Wholes:

Make-Whole Upheld Wholly – Solvent Debtors Beware
(DBN)

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Credit Reporting:

Experian allows users to undo a credit freeze just by knowing a handful of breachable facts • Why didn't Equifax protect your data? Because corporations have all the power • Get Rid of Equifax • Equifax Breach Puts Credit Bureaus' Oversight In Question • After Falling 33%, Equifax Is Still Overvalued • Protecting Your Identity After a Data Breach • Equifax Credit Monitoring Offer? Really? • Equifax has offered free credit monitoring after its epic data breach. Here’s what happened when some people tried to sign up.
(DBN)

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Lehman:

Lehman Brothers profits from Formula One sale
(DBN)

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Nuclear:

Scana Is Subpoenaed Over Abandoned Nuclear Project • Feds Subpoena Docs From Co-Owners of Failed Nuclear Project
(DBN)

A $21 Billion, Failed U.S. Nuclear Project Still Haunting Scana
(DBN)

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Fraud:

A former scam artist has a warning for today’s consumers • The real-life con man played by Leonardo DiCaprio in 'Catch Me If You Can' says check fraud is 'a thousand times easier' today
(DBN)

Feds fight Shkreli bid to release $5 million in bail funds
(DBN)

Lawmaker Says Delayed Payouts to Madoff Victims Must Start Flowing
(DBN)

“Bad” Fraud v. “Desperate” Fraud: The Ancient Pitkin / Brerewood Affair
(DBN)

Multiple Florida Personal Injury Attorneys Implicated In Medical Injury Kickback Scheme
(DBN)

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Solar:

A federal decision threatens thousands of jobs in Texas' fast-growing solar industry
(DBN)

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Student Debt:

High Anxiety As First Student Loan Forgiveness Program 'Graduates' Await Relief This October
(DBN)

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Taxis:

UBER loses license to operate in London
(DBN)

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Solar:

Solar boom or bust? Companies seek tariffs on solar imports
(DBN)

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UK:

Finance firms make final plea to Prime Minister ahead of key Brexit speech
(DBN)

Shafted KWM staff win £1m employment tribunal claim
(DBN)

Hard Brexit and the Next Financial Crisis
(DBN)

No, Boris. A Trump-Led Brexit Wouldn't Be Glorious
(DBN)

May to Reboot Brexit Plan by Requesting Transition Period
(DBN)

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PIIGS:

Portugal's Comeback Is Only a Start
(DBN)

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Mexico:

Hundreds Still Missing in Mexico City Days After Earthquake
(DBN)

Mexico: Entire Towns Flattened by Quake
(DBN)

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Australia:

Australian Insolvency Reforms – A Bill Becomes Law
(DBN)

Australian Restructuring and Insolvency Law Reform passes through the Federal Parliament

Contractual Rights To Terminate For Insolvency May Be Unenforceable.
(DBN)

Takata airbag recall to become compulsory as crisis hits 3.3 million cars in Australia
(DBN)

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India:

Jaypee insolvency : Quite a legal mess
(DBN)

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Germany:

Lufthansa, Easyjet reportedly to take over Air Berlin assets • Lufthansa to land Air Berlin assets - sources • German bridge loan for Air Berlin not yet exhausted - EconMin
(DBN)

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China:

S&P downgrades China, says rising debt is stoking economic, financial risks • S&P downgrades Chinese debt as lending surges • China's Credit Party Rolls On Despite S&P's Downgrade • S&P's China credit downgrade could be boon for asset prices
(DBN)

China Tells Banks to Stop Business w/ NKorea
(DBN)

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MENA:

Saudi Arabia to implement bankruptcy law in early 2018
(DBN)

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Brazil:

Petrobras, Sete Brasil pick mediator in legal dispute
(DBN)

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France:

An update on French insolvency law
(DBN)

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Venezuela:

Venezuela's Restructuring: A Realistic Framework
(DBN)

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