January 13, 2017

The Daily Bankruptcy News

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Due to the MLK holiday The Daily Bankruptcy News will not publish on Monday, January 16, 2017



Law:

Billable hour pricing is effectively dead because of budget caps, report says
(DBN)

With Competition Fierce, Even Elite Law Firms Resort to the Unusual
(DBN)

Prosecutors, SEC Fight to Save Dewey Bankruptcy Records Before Retrial SEC, NY DA Fight Dewey Trustee's Bid To Destroy Records
(DBN)

For Many Big Law Trump Donors, 'Stigma' Kept Support Below the Radar
(DBN)

De-Equitizing: The Profitability Quick Fix That Isn't
(DBN)

The Real List of Top M&A Law Firms in 2016
(DBN)

Ruden: The Story of the First Successful Reorganization of a Law Firm and Lessons Learned
(DBN)

Barnes & Thornburg Elects New Bankruptcy Partner
(DBN)

Booker and Lewis Tried to Raise Bar at Sessions Confirmation
(DBN)

A collision, a death and a lawyer’s quest to change restitution law
(DBN)

How To Make Your Lawyer Life More Exciting
(DBN)

Lawyer Pens Incredible Brief About Punctuation, Chickens
(DBN)

Pregnant In Biglaw? Here’s The Bad News
(DBN)

Goodwin Procter hires 26 lawyers as KWM drops lawsuit
(DBN)

Duane Morris Absorbs Banking Boutique in LA
(DBN)

Linklaters tight-lipped over associate linked to ‘verbal abuse’ on train Man wanted for "torrent of abuse" on train is Linklaters lawyer
(DBN)

Five Tech Tools Every Lawyer Should Be Using
(DBN)

On-hold callers may not become lawyers’ clients, study suggests
(DBN)

Build legal tech tools with actual lawyer-users in mind
(DBN)

Cybersecurity For Lawyers: The Nitty Gritty
(DBN)

Underemployed, Aging Lawyers - Never Use "R" Word in Public
(DBN)

When In-House JDs Lose To Money-Hungry MBAs
(DBN)

Justice Watchdog Opens Probe of Comey , FBI Election Actions
(DBN)

Ex-Ashurst associate found guilty of spanking woman
(DBN)

Lovelorn lawyer arrested for sending flowers, candy to ex
(DBN)

Morgan Lewis Partner Basks in Trump's Spotlight - Is That a Good Thing?
(DBN)

How to Plan a Law Firm Leadership Succession
(DBN)

Sessions: Secularists Unfit for Government? Jeff Sessions’ promises
(DBN)

A Notable New Novel About Biglaw
(DBN)

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Judges:

BK DE: New Building Security Process
(DBN)

BK NV: Bankruptcy Bugle Newsletter (January 2017)
(DBN)

It may look ‘fishy,’ but new justice could decide cases without participating in oral arguments
(DBN)

How Barack Obama Transformed The Nation’s Courts
(DBN)

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Wall Street:

U.S. stock futures inch up, with bank earnings set to test Trump rally
(DBN)

Stocks Close Modestly Lower But Well Off Worst Levels
(DBN)

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Layoffs:

Boeing S.C. to offer voluntary layoffs to 600
(DBN)

APEX Tool to layoff 170 employees
(DBN)

Pandora To Layoff 150
(DBN)

Pandora just said its laying off 7 percent of its workforce — and the stock is spiking
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Healthcare:

Oklahoma hospital files for bankruptcy
(DBN)

Obamacare takes first real step closer to repeal after Senate vote Repealing Obamacare: Just what the doctor ordered for wealthy investors
(DBN)

‘This is a death sentence for me’: Patients react in horror to GOP’s late-night Obamacare repeal
(DBN)

Health Care's Bipartisan Problem: The Sick Are Expensive and Someone Has to Pay
(DBN)

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Student Debt:

Trump's student loan plan: Pay more, but exit sooner
(DBN)

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Retailing:

Sears is ‘one sick puppy,’ and there may be no remedy
(DBN)

Jacksonville: Lawyers file involuntary Chapter 11 against Latitude 360
(DBN)

No Buyout Rescues Are Coming for Battered Retailers
(DBN)

Retailers Get the Hard Sell in an Amazon World
(DBN)

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Religion:

Twin Cities archdiocese, clergy abuse victims face key moment in bankruptcy case
(DBN)

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Aviation:

Delta's profit tumbles
(DBN)

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Fraud:

Never-before-heard Bernie Madoff tapes reveal details of ruinous Ponzi scheme
(DBN)

In prison for a massive Ponzi scheme, Bernie Madoff is cornering the market on Swiss Miss hot chocolate
(DBN)

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Economy:

U.S. Weekly Jobless Claims Rebound Less Than Expected Weekly Initial Unemployment Claims increase to 247,000
(DBN)

The Revolt of Working Parents
(DBN)

Amazon's plan for 100,000 new jobs in the US may not exactly be what Trump was looking for
(DBN)

Mnuchin May Have Used Tax Loophole Obama Attacked Trump Treasury Pick Mnuchin Is Much Richer Than Most People Thought
(DBN)

Most Americans are one medical emergency away from financial disaster
(DBN)

U.S import prices rise at fastest pace since 2012
(DBN)

Trump’s defective industrial policy won’t help America
(DBN)

Trump transition team meeting with top unions to discuss trade policy
(DBN)

'Math has a habit of not going away’ — economists worry Donald Trump seems to be ignoring them
(DBN)

Fed ‘may be in better position’ to reduce balance sheet, Bullard says
(DBN)

Republicans Will Find Corporate Tax Reform Isn't That Easy
(DBN)

Milton Friedman's Cherished Theory Is Laid to Rest
(DBN)

Jersey Worst State for Taxes, Wyoming Best
(DBN)

Many companies live on the edge without adequate reserves
(DBN)

It’s not the white working class that is hurting the most
(DBN)

The jobs that really smart people avoid
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

US foreclosures hit 10-year low: Sign of solidified recovery?
(DBN)

Mortgage rates fall for 2nd week in a row
(DBN)

Buying a house is becoming even more unaffordable for first-time buyers
(DBN)

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Municipalities:

Life Without Money in Detroit’s Survival Economy
(DBN)

Puerto Rico bondholder lawsuit revived on appeal Puerto Rico Bondholder Lawsuit Revived on Appeal
(DBN)

PR Governor Ready to Sign First PPP Law
(DBN)

Puerto Rico pursues public-private partnerships amid crisis
(DBN)

Puerto Rico is turning to an unlikely Trump adviser for help with the island's fiscal crisis
(DBN)

Despite bankruptcy warning, Antioch Council affirms $9.2 million pay, benefits hike
(DBN)

Puerto Rico Turns to Lewandowski to Lobby Trump on Debt
(DBN)

Puerto Rico Bondholder Lawsuit Revived on Appeal Federal appeals court allow Puerto Rico pension bondholders case to proceed
(DBN)

Troubled Dallas pension approves distribution plan as market worries grow
(DBN)

PROMESA Is No Clone of the Bankruptcy Code, First Circuit Says
(DBN)

Puerto Rico taps law firm Dentons in restructuring
(DBN)

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Oil/Gas:

It already looks like US crude production is responding to higher prices
(DBN)

OPEC Takes Aim at its Biggest Problem: Oil Storage
(DBN)

Saudis Cut Even More: Oil Production Falls To 2 Year Low
(DBN)

Oil prices dip on doubts over planned crude output cuts
(DBN)

The Math Doesn’t Add Up For The OPEC Deal To Work
(DBN)

Oil Discoveries To Rebound From Rock Bottom
(DBN)

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Politics:

The Perfectly Normal Ways Trump Can Enrich Himself as President Trump Drops 'No New Deals' Pledge Fact-checking President-elect Trump’s news conference FactCheck: Trump Has Very Little Debt 4 Ways Trump’s Conflicts of Interest Could Actually Hurt the US Congress Is Headed for a Showdown With Trump Over Obamacare Repeal
(DBN)

Republicans Summon Government Ethics Chief Who Criticized Trump's Plan
(DBN)

Democrats can’t win until they recognize how bad Obama’s financial policies were
(DBN)

Wilbur Ross's Complex Business Ties Pose Divestment Challenge
(DBN)

Obama-Trump: 15 Hours Apart & 2 Americas
(DBN)

Watchdog to Probe FBI Over Clinton's Emails
(DBN)

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Education:

ITT Tech sales expected to raise $44 million
(DBN)

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Fashion:

American Apparel lines up buyer for California plant American Apparel Lines Up Buyer for California Plant
(DBN)

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Autos:

The EPA is going after Fiat Chrysler for cheating emissions and its shares are plunging
(DBN)

VW Managers Safe From Extradition, as Long as They Stay Home How VW's In-House Lawyers Screwed Up a Litigation Hold
(DBN)

Why It Seems Like Open Season on Car Companies
(DBN)

US nears settlement with Takata over exploding airbags
(DBN)

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Marijuana:

Pot Industry Exhales (a Little) After Trump’s Attorney General Pick Testifies
(DBN)

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Debt Collection:

Federal Agency Says Consumers Feel Threatened By Debt Collectors
(DBN)

Debt Collectors Seek Leeway From SCOTUS in Bankruptcy Cases
(DBN)

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New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (10 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)

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Bankruptcy Statistics:

Distressed debt & bankruptcy restructuring full year 2016
(DBN)

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Corporate Governance:

Simplexity ruling: potential impact on director and officer liability for pre-petition decisions delaying bankruptcy filings – key takeaways
(DBN)

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Discharge:

Peeping Tom Can't Wipe Out Civil Damages in Bankruptcy Case
(DBN)

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Advisors:

The DAK Group Selected to Represent Official Committee of Unsecured Creditors of Violin Memory
(DBN)

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Mediation:

Mediation at the Beginning of a Lawsuit — How it Works in Delaware
(DBN)

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Avoidance Actions:

Preference Law Held Not to Have Extraterritorial Application
(DBN)

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Insurance:

Eighth Circuit: Insured vs. Insured Exclusion Precludes Coverage for Claims Brought by Both Insured and Non-Insured Persons
(DBN)

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Cross-Border:

Chapter 15 at 11: Chapter 15 Provides Provisional Relief in Hanjin Shipping
(DBN)

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Coal:

Peabody secures $1.5 billion in financing to exit Chapter 11
(DBN)

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Corporate Reform:

Warren Outlines Plan to Save the CFPB
(DBN)

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Hotels:

Lodge on the Desert files bankruptcy plan but legal fight continues
(DBN)

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Celebs:

Ex-Billionaire to Settle in Retirement Home After SEC Loss
(DBN)

50 Cent Shares His Income as Part of Bankruptcy Progress Report ...
(DBN)

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UK:

Insolvency numbers in the UK rise after Brexit vote
(DBN)

Income inequality is hitting British men hard
(DBN)

Theresa May is finally going to unveil Britain's Brexit plans
(DBN)

Austerity pushes local authorities into great British sell-off
(DBN)

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EU:

Contracting for a European Insolvency Regime
(DBN)

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PIIGS:

Last Lifelines Crumble for Many Greek Families as New Conflict With Creditors Looms
(DBN)

UniCredit to book $8.6 billion in bad loan provisions UniCredit Shareholders Back $14 Billion Cash Call in Revamp Bid
(DBN)

Italy's UBI to buy rescued banks, raise cash in latest clean-up
(DBN)

Why it’s a ‘waste of time’ to save Italian banks
(DBN)

Italian Banks: How to Get Something for Nothing
(DBN)

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Canada:

Bankrupt Toronto Trump Tower On Sale For Less Than Its Mortgage
(DBN)

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India:

‘Insolvency & bankruptcy code not to address corporate fraud’
(DBN)

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Mexico:

Investors Bolt Mexico as Peso Enters Free Fall
(DBN)

Mexico says to seek broad negotiating strategy with Trump
(DBN)

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Australia:

The Road Ahead for 2017 – Restructuring & Insolvency in Australia
(DBN)

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Mozambique:

Bondholders Insist Mozambique Will Pay as JPMorgan Sees Default
(DBN)

Will Mozambique default or not?
(DBN)

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Iceland:

Iceland's Rationale for Stiffing Bondholders Melts Away
(DBN)

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