April 19, 2017

The Daily Bankruptcy News

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Law:

World’s Largest Law Firm Lays Off 20+ Partners Dentons Culls Partners Amid Budget Shortfall Dentons reportedly ousts 20 or more partners
(DBN)

Dentons Chair on 'The Big Picture Race' to Move Upstream
(DBN)

Freshfields Bruckaus Deringer Cuts 6 Finance Partners, Demotes 2 Others Biglaw Firm Gets Busy Shedding Finance Partners
(DBN)

Tony Valukas Steps Down as Chair of Jenner & Block
(DBN)

Study Shows Big Law Women Pulled to Certain Practice Areas BigLaw practice areas with highest compensation had lowest percentages of women, study says
(DBN)

Chadbourne Sex Bias Plaintiffs Lose Bid to Block Partnership Vote Judge Doesn’t Step In to Block Chadbourne From Ousting Partner Suing Firm
(DBN)

Slater & Gordon restructure almost done; G+T, AlixPartners hired
(DBN)

CashCall Blames Law Firm For Staggering Loss
(DBN)

Take a wild guess what keeps lawyers from going in-house Salary bump keeps more BigLaw associates from going in-house, but will partners feel a pinch?
(DBN)

10 Things To Know About Being An In-House Generalist
(DBN)

PayPal's Top Lawyer on How to 'Earn a Seat at the Table'
(DBN)

Business Development For Lawyers Is Imperative
(DBN)

Accountant's arguments in legal malpractice suit are "nonsense," judge says
(DBN)

Law firms up marketing spending Legal Marketing Spend Is Up-- So Is Client Dissatisfaction. Now What?
(DBN)

New technology measures value of external lawyers
(DBN)

BYU And Pepperdine Are The Most Ideologically Balanced Faculties Among The Top 50 Law Schools (2013)
(DBN)

Law profs more liberal than other members of legal community, which could hurt their political clout, paper says
(DBN)

Widow of Reed Smith partner says GSK owes her $39 million in damages
(DBN)

Supreme Court overturns $2.7M sanction for discovery misconduct
(DBN)

Why Diversity Really Matters
(DBN)

This State Has The Worst Bar Exam Results We’ve Seen, And That’s Saying Something
(DBN)

The Philadelphia spring: One city’s wide-open DA race is a microcosm of the anti-Trump resistance
(DBN)

Why Those Bigger Paychecks Don’t Feel as Good as You Thought They Would
(DBN)

How to effectively criticize anyone
(DBN)

'Facebook killer' Steve Stephens found dead Police tracked down the 'Facebook killer' after McDonald's employees held up his French fry order Inside the mind of the Facebook Killer
(DBN)

Navy officer charged with hazing after forcing sailor to carry around Charlie Brown figurine
(DBN)

Gunman accused of killing at least 3 in California shooting allegedly targeted white men
(DBN)

Accusations pile up on Bill O'Reilly, as new accuser claims he called her 'hot chocolate' New Accuser Says Bill O’Reilly Made ‘Animal Noises’
(DBN)

Jewish woman in Montana sues over 'troll storm' of neo-Nazi harassment
(DBN)

DOJ Still Hasn't Replaced Fired US Attorneys
(DBN)

Aaron Hernandez Dead in Apparent Prison Suicide
(DBN)

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Judges:

Federal judge who said he wouldn’t wish case on his worst enemy refuses to recuse himself
(DBN)

New York courts struggle to keep up with need to interpret more languages
(DBN)

SCOTUS in need of ideological balance fixes, paper says
(DBN)

Can we handle ‘the truth about SCOTUS’?
(DBN)

Former Ogletree Lawyer is Lobbied for 7th Circuit Judgeship
(DBN)

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Wall Street:

U.S. stocks primed to edge higher, as earnings stay center stage
(DBN)

Dow drops 150 points as Goldman Sachs and Johnson & Johnson drag index lower
(DBN)

Wall Street on Goldman whiff: 'What the heck is going on?' As Goldman goes, so goes the market, history shows Goldman Sachs stock sinks to 4½-month low after rare earnings miss Goldman Sachs' new CFO just faced his first grilling by Wall Street analysts Goldman Sachs, Once a Boost to the Dow, Is Now a Drag Goldman Sachs licks wounds in equities trading as peers grab share
(DBN)

Average Goldman Sachs Worker Paid $24K More in the First Three Months of 2017
(DBN)

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Layoffs:

KentuckyOne cuts 250 jobs
(DBN)

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Personal Finance:

What happens when you refuse to pay taxes for 40 years?
(DBN)

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Banking:

Financial Institution Bankruptcy Act of 2017 – Big Changes for Big Banks
(DBN)

Credit Suisse struggles to quell pay revolt even after bonus cut
(DBN)

Bank of America had a record-breaking quarter
(DBN)

Comerica quarterly profit beats as bad loan reserves fall
(DBN)

Morgan Stanley shares pop after firm posts strong first-quarter earnings
(DBN)

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Healthcare:

Topeka hospital granted 2-week reprieve from closure, but operator pulling out; questions grow about $250M in charitable assets Candlelight vigil held for financially troubled Topeka hospital Employees told St. Francis no longer viable Firm says it is still reviewing options for Topeka hospital
(DBN)

Financially-troubled Care New England has signed an agreement with Massachusetts-based Partners Healthcare to explore a potential merge
(DBN)

UnitedHealth profit rises as it exits exchanges
(DBN)

Health insurers asked the Trump administration for reassurance on Obamacare. They didn’t get it.
(DBN)

Report: Medical Debt Agencies Aggressively Go After Debts That Aren't Owed
(DBN)

States push back deadlines for health-insurance rates amid uncertainty
(DBN)

The GOP is pushing a ‘fake’ health reform agenda. Here’s what they really want
(DBN)

The Link Between Opioids and Unemployment
(DBN)

Republicans can’t find a way to repeal Obamacare because too many of them secretly love it
(DBN)

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Politics:

Clinton apologized to Obama after losing to Trump Hillary Clinton only has herself to blame for her 2016 loss Hillary Clinton assigns blame for election loss to Trump to everyone but herself
(DBN)

Trump is heading for a do-nothing presidency Alec Baldwin Gets Under Trump’s Skin How Late-Night Comedy Fueled the Rise of Trump A Lawsuit Claiming Trump Is Violating the Constitution Just Got Stronger GOP senator says she wishes Trump would spend more time in DC, less at Mar-a-Lago
(DBN)

Warren dodges on whether she'll run for president in 2020
(DBN)

Ivanka Trump’s Company Sets Sales Records as Business and Politics Mix
(DBN)

Sanders Fact Check: "When Trump won, we had the lowest voter turnout in 20 years."
(DBN)

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Retailing:

From ‘Zombie Malls’ to Bonobos: What America’s Retail Transformation Looks Like
(DBN)

The Retail Apocalypse Is Suburban
(DBN)

19 Large Retailers Besides J.C. Penney Are Closing Waves of Stores
(DBN)

This REIT Is Positioned to Profit From Sears Holdings' Slow Demise
(DBN)

' Retail apocalypse' leaves few retailers to take HHGregg's space
(DBN)

Traders Keep Betting Against Traditional Retailers
(DBN)

CEO: ‘The Retail Bubble Has Now Burst’ — Which Retailers Are in the Most Trouble?
(DBN)

We Used Steve Ballmer's New USAFacts Website and Were Hit With One Sad Reality About Retail
(DBN)

Post- bankruptcy , City Sports resurrects website, plans new stores
(DBN)

JC Penney found a way to boost sales and now Macy's is trying it too
(DBN)

How Online Shopping Makes Suckers of Us All
(DBN)

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Climate:

US: Warmest Period in Recorded History
(DBN)

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Taxis:

Uber's Problems Deepen Even More
(DBN)

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Resorts:

Baha Mar Casino Resort Ready to Open 12 Years After Initially Envisioned
(DBN)

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Economy:

Trump targets visas program for highly skilled workers This Is an H-1B Visa. And Here’s How President Trump Wants to Change It Trump signed an executive order targeting skilled foreign workers — here's why the H-1B program is so controversial Here are the US states — and the companies — that use the most H-1B visas
(DBN)

Industrial Production increased 0.5% in March
(DBN)

Most Metros Saw Job Gains in 12 Months Ending in February
(DBN)

IMF boosts global GDP forecast, with U.K. and Japan economies providing the impetus IMF warns trade war could derail improving global economy
(DBN)

America has a retirement problem, not a saving problem - The median family of retirement age has $12,000 in savings
(DBN)

Philly Fed: State Coincident Indexes increased in 44 states in February
(DBN)

Trump’s billionaire neighbor says he knows what will kill stock market’s ‘jungle animal spirits’
(DBN)

Giant companies are already getting tired of Trump
(DBN)

How $100 Of Your Taxes Are Spent
(DBN)

Trump’s ‘Buy American’ Policy Could Kill His Plan to Rebuild America Business Isn't Happy About Trump's 'Hire American' Executive Order But Trump Doesn't Follow 'Hire, Buy America'
(DBN)

U.S. manufacturing output falls for first time in seven months
(DBN)

Mnuchin: Trump is 'absolutely not' trying to talk down the dollar Steven Mnuchin Learns an Important Lesson About Working for Trump US Treasury chief Mnuchin seeks to allay fears over Trump
(DBN)

Trump took something from America's cattlemen, and now they want it back
(DBN)

Trump: 'What am I going to do? Start a trade war with China' while we're trying to solve North Korea?
(DBN)

The tool company Trump is visiting has an unsettling relationship with its blue collar franchisees
(DBN)

The share of tax dollars coming from you is growing — and the share from companies is shrinking
(DBN)

44% of Americans won’t pay any federal income tax
(DBN)

Trump's next big economic test could turn into a crisis
(DBN)

Who keeps working — and who doesn't — if the government shuts down next week
(DBN)

Trump vows to back US dairy farmers in Canada trade spat Canada: Trump is wrong when he says dairy practices unfair 'We're going to get together and we're going to call Canada': Trump went on a huge rant about Canadian dairy
(DBN)

Trump: I'll Get Rid of NAFTA if Big Changes Aren't Made
(DBN)

Trump’s refusal to release his tax returns could derail the one piece of legislation investors are dying to get
(DBN)

Trump: Illegal immigrant criminals are 'getting the hell out'
(DBN)

Trump: Wall Costs $12Bn (Maybe $70Bn)
(DBN)

Mexico’s Revenge
(DBN)

President Trump's 'Substitute Teacher' Problem
(DBN)

What Paul Ryan’s tax cut would mean for middle-class families US House Panel to Begin Hearings on Tax Reform Next Week Why Are Republicans Making Tax Reform So Hard?
(DBN)

What is Janesville, Wisconsin Without GM?
(DBN)

Most American pay their taxes. So why do so many think others are cheating?
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Housing Starts decreased to 1.215 Million Annual Rate in March Comments on March Housing Starts
(DBN)

The Legality of Post-Bankruptcy Condo or Homeowner Association Assessments
(DBN)

Condos may be appreciating faster than single-family houses
(DBN)

At Kushners' Manhattan Tower, Debt Payments and Losses Increase
(DBN)

A Legislative Priority in NJ: Amending the Mortgage Priority Statute
(DBN)

Here’s why the housing market continues to struggle with low inventory
(DBN)

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Municipalities:

Flurry of Pension Rescue Filings May Indicate Renewed Confidence
(DBN)

Puerto Rico post-bailout economy must stick to Congress' deal
(DBN)

Police Pepper Spray Debt Crisis Protesters in Puerto Rico
(DBN)

Writer not surprised Antioch facing bankruptcy , again
(DBN)

A deep dive into the source of Flint's water crisis
(DBN)

Retirees of defunct San Gabriel Valley job agency to CalPERS: ‘Don’t throw away our futures’
(DBN)

Mich. ‘comeback’ bounce ain’t what it used to be
(DBN)

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Oil/Gas:

Wall Street Is Pouring Money Back Into Shale
(DBN)

Fallout From Sabine: What Is Real Property?
(DBN)

Oil Drillers Tap Their Credit Lines and Strike Anxiety
(DBN)

How Far Will OPEC Go For $60 Oil? Oil stable as OPEC says it is committed to rebalance markets
(DBN)

Citi Sees $65 Oil By Christmas
(DBN)

Energy XXI taps new CEO, awards shares
(DBN)

BreitBurn Energy Partners: The Restructuring Case Drags On
(DBN)

Soaring U.S. Output Keeps Crude Subdued Oil Prices Drop As Saudis Say Too Early To Decide Cuts Extension
(DBN)

U.S. Shale Surging, But Oil Holds Steady
(DBN)

Former Primera Energy CEO grilled on his new company's practices
(DBN)

‘A reversal of fortunes’: Oilfield companies’ prospects set to rebound in the first quarter
(DBN)

Bankruptcy leads to closure of platform offshore California
(DBN)

Venezuela’s fleet of oil tankers idled around the world over lack of parts, unpaid bills or they’re too dirty to sail Russian Tanker Owner Holds PDVSA Oil Cargo Hostage Over Debts
(DBN)

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Tax:

New Reason To Fear The IRS
(DBN)

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Golf:

Death watch: How much longer can golf survive?
(DBN)

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Mass Torts:

Gaming the system in asbestos lawsuits
(DBN)

Asbestos Bankruptcy Trust Claim Legislation Signed into Law by N.D. Governor North Dakota Joins States Enacting Asbestos Bankruptcy Trust Transparency Legislation
(DBN)

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Student Debt:

Kentucky among worst for student loan defaults
(DBN)

Student debt: America's 1.3 trillion issue
(DBN)

Betsy DeVos Is Wasting No Time Screwing Over Students Who Borrow Money for College
(DBN)

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Shipping:

Self-rescue plan, new orders crucial for Daewoo Shipbuilding’s survival South Korea's Daewoo Shipbuilding Thrown a Lifeline Bondholders and creditors agree to fresh $2.5bn bailout fund for DSME
(DBN)

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Distressed Investing:

Distressed investing 2017: caveat emptor
(DBN)

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Trusts:

California Supreme Court Clarifies Certain Statutes Regarding Trust Spendthrift Clauses
(DBN)

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Biotech:

Former CEO purchases Nuclea's assets
(DBN)

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Coal:

South32 terminates $200 million deal to buy Peabody mine
(DBN)

Coal Museum Sees the Future; Trump Doesn’t
(DBN)

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Marijuana:

DHS head John Kelly gave a clear signal that the Trump administration is heading for a marijuana crackdown 11 charts that show marijuana has truly gone mainstream
(DBN)

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Environmental:

Did Argentinian Firm Bankrupt Subsidiary to Avoid $1.4B Cleanup? Outrage Over Company Backing Out of Superfund Cleanup Through Bankruptcy Officials say company is avoiding Passaic cleanup costs
(DBN)

California Still Has Most Polluted Cities
(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 (26 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (21 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:

Farm bankruptcy rates experiencing small uptick
(DBN)

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Mootness:

Sixth Circuit Adopts Minority Interpretation of Mootness
(DBN)

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Debt Collection:

Oral Argument Transcript In Henson: Is The Purchaser Of A Post-Default Debt A "Debt Collector" Under The FDCPA? U.S. Supreme Court hesitant to expand debt collection abuse law Santander Fights for Creditor Distinction at High Court
(DBN)

Law firm sued by CFPB says it refuses to be ‘strong-armed into a consent order’
(DBN)

Seventh Circuit Court of Appeals Rules that Agency Acting Under a “Safe Harbor” Provision of Wisconsin Statute Did Not Violate FDCPA
(DBN)

Misstated Summons Did Not Create FDCPA Violation
(DBN)

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Cross-Border:

Chapter 15 Inapplicable Unless "Foreign Representative" Seeks Enforcement of Foreign Insolvency Court’s Order
(DBN)

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Mediation:

Next Steps for a Court with Basic Mediation Rules: Mandated and Early Mediation
(DBN)

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Ch. 13:

BK CD CA: Proposed Chapter 13 Changes Deadline for Comments May 18, 2017
(DBN)

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Property of the Estate:

Broward sheriff loses fight in bankruptcy court - Court rejects sheriff's offer to pay more than double to purchase litigation claim
(DBN)

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Avoidance Actions:

Tribune 2: No Actual Fraud Imputation in Avoidance Litigation Absent Control by Corporate Actors
(DBN)

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TIA:

Potential Continuing Impact of the Marblegate Saga
(DBN)

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Solar:

Solar Manufacturer Suniva Files For Chapter 11 Bankruptcy Will Suniva's Bankruptcy Spark Another Solar Trade Dispute?
(DBN)

Solar Shake-Up: Why More Bankruptcies Are Coming in 2017
(DBN)

Sungevity gains sale approval, paychecks begin arriving
(DBN)

Oakland solar company has $50 million sale approved post-bankruptcy
(DBN)

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Travel:

16 of the coolest apps and gadgets you should use the next time you travel
(DBN)

United Airlines CEO Won’t Fire Anyone Over Passenger Incident Hawaiian Airlines' Top Lawyer Calls United Fiasco a 'Case Study on What Not to Do' United CEO Oscar Munoz is walking a tightrope to fix an airline
(DBN)

'Blame United,' 'Blame Deregulation,' and Other Fallacies
(DBN)

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Nuclear:

$1.5 billion estimate to complete Summer
(DBN)

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Celebs:

'Dance Moms' Star Abby Lee Miller's Career in Vain Due to Her Impending Bankruptcy Fraud Case
(DBN)

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Electricity:

NextEra not giving up its $18B bid for Oncor
(DBN)

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Corporate Reform:

Why Trump Is Afraid to Fire the Consumer Watchdog He Wants Gone
(DBN)

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Ethanol:

The Ethanol Mandate is a Scam
(DBN)

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Labor:

Corporate Leverage and Employees’ Rights in Bankruptcy
(DBN)

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Tech:

IBM's revenue has now fallen for 20 quarters in a row
(DBN)

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UK:

Why Theresa May Called for Elections 5 Reasons Why Theresa May Suddenly Wants a Snap Election U.K. snap election won’t make Brexit simpler Theresa May’s Brexit Gamble
(DBN)

Creditors of failed firm McClure Naismith unlikely to get pay out
(DBN)

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PIIGS:

Greek debt must be sustainable for IMF to join bailout: Lagarde Greece: IMF slashes GDP forecast to 2.2 percent
(DBN)

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Canada:

Carole J. Hunter joins DLA Piper (Canada) LLP's Restructuring Group
(DBN)

PACICC to participate in federal government's review of insolvency legislation next year
(DBN)

Distressed investing — Step 2: Develop a strategy for superior returns
(DBN)

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India:

Five Steps India Should Take To Improve Its Insolvency Resolution Process
(DBN)

The bankruptcy law offers immense opportunities for insolvency professionals, but they are treading with caution.
(DBN)

Good news for start-ups, faster insolvency resolution on anvil
(DBN)

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Australia:

Australian Insolvency Laws Finally Almost Ready for Their Major Leap Forward
(DBN)

Not Easy Being Green: Insolvency Practitioners on Personal Liability for Environmental Obligations
(DBN)

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China:

The Predicament of Bank Creditors in Chinese Bankruptcy and the Way Out
(DBN)

U.S. Firms in China Face Worst Conditions in Decades: AmCham
(DBN)

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Romania:

PM Grindeanu: Insolvency seems to have become "national sport"
(DBN)

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Croatia:

Croatia's Agrokor signs memo on promissory notes barring creditors from forcible debt collection
(DBN)

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Jersey:

Practice and Trends in Jersey Restructuring and Insolvency Law
(DBN)

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Venezuela:

Five things to understand about oil -rich, cash-poor Venezuela
(DBN)

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Malaysia:

Cleaning The Bad Loans Mess
(DBN)

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