April 25, 2017

The Daily Bankruptcy News

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Law:

Dewey execs pin hopes on undermining state's case Dewey Leaders Won't Testify, Call Witnesses as Retrial Nears End
(DBN)

5 tips from a BigLaw partner on 'making it work' in real life
(DBN)

How do I find part-time or family friendly full-time in house work? Should I apply for a full-time job and negotiate for a reduced schedule if I receive an offer?
(DBN)

The Restructuring Industry in the Trump Era – Key Policy Shifts to Watch
(DBN)

FL judge sends Eagan Avenatti bankruptcy to California
(DBN)

How to write powerful closers
(DBN)

How Lawyers Can Bring Customer Service to Their Organizations
(DBN)

Cincinnati law dean says she was illegally forced out of her job Law dean sues University of Cincinnati over ouster, seeks reinstatement
(DBN)

North Carolina AG Opens Investigation Of Charlotte Law School Anderson: Whittier Law School Closing Is Another Sad Story Of Generational Wealth Shifting, With Millennial Students Incurring Huge Debts To Subsidize Baby Boomer Faculty Sinecures
(DBN)

Some Sad Truths About The Closing Of Whittier Law School Whittier Law School Closing Could Trigger Other Shut-Downs
(DBN)

The Law Schools That Accept The Most Transfer Applicants
(DBN)

Trump and the Constitution: Law course explores the limits of executive power
(DBN)

Conservatives seek to stop law school’s civil rights center from filing lawsuits
(DBN)

Arizona Summit offers stipend for at-risk grads to put off exam and get extra bar prep
(DBN)

Gender diversity programs fail to move needle at major US firms
(DBN)

General counsel say bold moves like HP's diversity mandate are necessary to achieve lasting change
(DBN)

Conference Lacks Women Speakers But Makes Up For It With Showgirls
(DBN)

Fried Frank rewards support staff with bonus worth a week's salary
(DBN)

Dentons Lawyers Under Fire in Bunzl Trust Cases
(DBN)

Money May Not Be Everything — But It’s Sure Way Ahead Of Whatever’s In Second Place
(DBN)

Judge wants more info on Giuliani, Mukasey in Zarrab case Giuliani’s Talk With Erdogan Adds Mystery to U.S. Sanctions Case
(DBN)

Trump Lawyers Get Creative With First Amendment
(DBN)

Incorporate Business Principles Into Law Firm Management
(DBN)

Akin Gump holds onto top spot among BigLaw lobbying firms for start of 2017
(DBN)

North Carolina opens investigation into for-profit law school
(DBN)

Diane Weil – new Partner at Danning Gill
(DBN)

Tag-along clients carry conflict risks, experts say
(DBN)

Bilzin Sumberg Sets Its Own Standard for Success
(DBN)

The lawyer for the man dragged off a United flight 'like a sack of potatoes' wants the company to pay
(DBN)

Anti-Semitic Attacks Have Spiked Since the 2016 Election 'Never Again.' President Trump Acknowledged the 6 Million Jews Killed in the Holocaust
(DBN)

Can ‘dreamers’ be deported? Sessions says it’s possible, though Trump has sympathy for them
(DBN)

A Reed Smith attorney's widow won a $3 million verdict against GSK. Here's our deep dive on her lawsuit
(DBN)

Uber rider says ride-hailing giant shouldn't dodge liability for driver who beat and "left him for dead
(DBN)

We’re jailing way more people who’ve been convicted of exactly nothing
(DBN)

Indiana family law attorney has a second career in high fashion
(DBN)

The Dramatic Turns Of A Murder Trial
(DBN)

New legal jobs make technology part of the career path
(DBN)

Controversial Supreme Court decision lands on the big screen
(DBN)

California may toughen rule on sex between attorneys and clients
(DBN)

Walgreens Manager Arrested for Shooting at Alleged Shoplifter
(DBN)

In New York Times Op-Ed, English Professor Apparently Thinks Limiting Free Speech is Good Idea
(DBN)

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Judges:

Judges Know What 'All Due Respect' Really Means - And Other Tips From the Bench
(DBN)

BK NV: Bankruptcy Bugle Newsletter
(DBN)

Judge Kozinski’s Advice To President Trump, Courtesy Of ’60 Minutes’
(DBN)

District Judges Hate Bankruptcy Cases
(DBN)

Republican Judge Resigns to Protest North Carolina GOP’s Attack on Courts
(DBN)

If Chuck Grassley is right, Donald Trump will get to name a 2nd SCOTUS justice as early as this summer
(DBN)

Liberal Justices Slam Lack of Review in Police Shooting Sotomayor sees ‘disturbing trend’ of failing to intervene on behalf of victims of police shootings
(DBN)

Federal court rejects convicted ex-Pennsylvania justice's appeal
(DBN)

Death Of Judge Abdus-Salaam Now Being Treated As Suspicious
(DBN)

Is There a Right to Appellate Counsel? Justices Take a Look
(DBN)

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Wall Street:

US stock futures point to continued rally amid earnings downpour
(DBN)

U.S. stocks higher at close of trade; Dow Jones Industrial Average up 1.05%
(DBN)

Wall Street's ' fear index ' plummets after French election
(DBN)

US bank stocks are soaring on French election relief
(DBN)

Wall Street mystery solved: Why Goldman whiffed on earnings Goldman Traders Know What This Looks Like But Swear They Never Met The Coal And Mall Debts Lying Beside Them
(DBN)

Market headwinds may be fading, but four main risks remain
(DBN)

After 17 years, S&P 500 tech sector finally regains lost ground
(DBN)

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Layoffs:

Those were the good old days, say former WaMu and IndyMac employees Former WaMu, IndyMac Employees Still Love Their Failed, Disgraced Banks
(DBN)

American Coal lays off 300 miners
(DBN)

______________

Politics:

President Trump Says His Presidency Is 'Different' as He Nears the 100-Day Mark 5 bizarre moments from Trump’s freewheeling interview with the Associated Press Trump admits he 'never realized how big' a job the presidency is in big interview on first 100 days 'You live by the sword, you die by the sword': Trump says the stock market is still a fair indicator of his success Trump: I said NATO was obsolete 'not knowing much about NATO' Trump claimed he didn't watch CNN minutes after saying he did Trump: The UN is an 'underperformer' but it has 'huge potential' Those obituaries for Trump-style populism? A bit premature. Donald Trump Watches TV Just Like Your Dad Trump Says He Is Cutting Back on Cable TV The Surreal World of the Trump Organization’s Twitter Accounts Trumps 100 Days = 14 Retail Chains Bankrupt Will President Trump Be Hoisted With His Own Petard In Fighting The Media? Here's one way Trump's first 100 days beat Reagan's
(DBN)

Fox News anchor appointed as State Department spokeswoman
(DBN)

Report: The Senate's investigation into Trump's Russia ties has descended into a 'standoff'
(DBN)

Growing Share of Public Prefers Bigger Government
(DBN)

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Autos:

US Supreme Court rejects GM bid to block ignition switch suits with bankruptcy discharge GM Loses Legal Bid to User Bankruptcy Discharge To Limit Fallout From Ignition Switch Cases Supreme Court: GM can't avoid defective ignition-switch lawsuits
(DBN)

Trial over assets linked to $1.5 billion GM loan gets underway
(DBN)

Why Lower Used-Car Prices Could Be Bad News for the Economy
(DBN)

______________

Coal:

Western Coal-Mining Region Pins Hope on Trump, Amid Uncertainty
(DBN)

Wyoming coal production up but not jobs
(DBN)

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Furniture:

Home furnishings company files for bankruptcy , leaving some customers in the lurch
(DBN)

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Aviation:

GLO Airlines seeks bankruptcy protection after offering Alabama flights New Orleans startup GLO seeking bankruptcy protection
(DBN)

______________

Banking:

New Wells Fargo TV Ad Posits That Your Family Is More Of A Threat To Your Financial Security Than Wells Fargo
(DBN)

A showdown over Wells Fargo’s board of directors looms
(DBN)

______________

Tech:

One More Reason to Never Crowdfund
(DBN)

George Soros fund buys Violin Memory, saving it from bankruptcy
(DBN)

______________

Ethanol:

In biofuels case, “Who gets to solve the craziness and how is the question,” federal judge says
(DBN)

______________

Distressed Investing:

Wall Street Vulture Funds Start Taking a Longer-Term View
(DBN)

______________


Economy:

Trump suddenly finds himself needing the Fed he once loathed
(DBN)

Merrill: "Fed to take a breather"
(DBN)

Dallas Fed: "Texas Manufacturing Expansion Continues" in April
(DBN)

Chicago Fed "Slower Economic Growth in March"
(DBN)

The Fed's leak scandal is giving ammunition to its harshest critics
(DBN)

U.S. Demographics: Largest 5-year cohorts, and Ten most Common Ages in 2016
(DBN)

Peter Schiff on America’s middle-class crisis: ‘We used to be the envy of the world’
(DBN)

Sheila Bair: ‘It’s hard to find real opportunity’
(DBN)

The middle class isn't just shrinking, it's changing in one key way
(DBN)

The Average Person Today Really Isn't Rockefeller Rich
(DBN)

Many American families try to cope with fluctuating income
(DBN)

U.S. Consumer Debt Rises Overall, Housing Debt Drops
(DBN)

Trump seeks 15 percent corporate tax rate, even if it swells the national debt Trump wants tax plan to cut corporate rate to 15% Trump’s Treasury Department hasn’t filled any tax policy jobs Trump's plan for the 'biggest tax cut we've ever had' is already looking like it could be messy Trump's Industry, Real Estate, Poses Hurdle to Tax Overhaul Trump tax push raises questions about scope of his 'reform'
(DBN)

Fed's Kashkari: Infrastructure spending not key to US growth
(DBN)

The man who called crude’s collapse three years ago now sees this
(DBN)

Jack Ma Sees Decades of Pain as Internet Upends Old Economy A grim warning from the usually upbeat Jack Ma: There will be pain
(DBN)

The makings of the next credit crisis could be in your driveway
(DBN)

Why the partisan divide over the outlook for the economy worries Ben Bernanke
(DBN)

The myth of the college dropout: College dropouts who rule the world are rare exceptions, not the rule
(DBN)

The Trump Administration Is Making Progress on NAFTA ‘Behind the Scenes’
(DBN)

Nearly 80% of executives says let's make a deal, despite DC uncertainty
(DBN)

Shutdown looms as Trump fights Democrats over border wall The government shutdown looks like it will hinge on Trump's border wall These border towns could be first to get Trump’s “big, beautiful” wall Schumer Tells Trump to Butt Out of Spending Talks Does Trump Want a Government Shutdown?
(DBN)

Trump First 100 Days: He Accomplished Nothing Positive On Trade Oil service costs could rise 15 percent this year, Wood Mac says
(DBN)

Economic anxiety has dropped since Trump was elected
(DBN)

Minimum wage hikes do close restaurants. Just not the ones you care about.
(DBN)

Why The GOP's Border Tax May Hurt Imports -- And Who Loses If It Does
(DBN)

U.S. to slap 20% tariff on Canadian softwood lumber imports Canada fires back over ‘unfair and punitive’ U.S. tariff
(DBN)

Are H-1B visa workers really paid less than Americans?
(DBN)

Critics Say Trump's Steel Protectionism Is Pointless. It's Not
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

______________

Real Estate:

House Price Index up 0.8% in February, Up 5.7% year-over-year
(DBN)

Trump's timber tariff will have a big impact on lumber futures market, housing stocks
(DBN)

Additional states restrict Ocwen's business over mortgage servicing issues Lawsuits allege mortgage servicer Ocwen's mistakes cost some borrowers their homes Ocwen Financial Faces a Slew of Complaints
(DBN)

The CFPB is now focusing more on fair lending in mortgages
(DBN)

Here's the surprising truth about first-time home buyers
(DBN)

Homes are flying off fast this spring in the 'strongest seller's market ever'
(DBN)

Distressed Harlem site heading to bankruptcy auction
(DBN)

____________

Municipalities:

Bankruptcy Hartford's Answer
(DBN)

Riley: Rhode Island Gives Pat on Back to Bankrupt Cities
(DBN)

Podcast: Puerto Rico, Westinghouse, Illinois and pensions in The Muni Lowdown
(DBN)

Presiding Over Municipal Bankruptcies: Then, Now, and Puerto Rico
(DBN)

Hedge Funds That Flocked to Puerto Rico Bonds Face Long Road Out
(DBN)

There's nothing conservative about Puerto Rico's political status
(DBN)

Muncie Takeover Bill Passes General Assembly, But Delays Action
(DBN)

Former Flint emergency managers, employees set to return to court
(DBN)

Can a streetcar save Detroit? Project is a bet on the future, but some say it’s too little, too late
(DBN)

______________

Oil/Gas:

US crude settles at $49.23, down 39 cents, on doubts over OPEC's output cuts Will oil prices rise or fall? Look toward Russia for the answer Oil slips on OPEC cut extension doubts, Russia output worries
(DBN)

The Bullish Case For Oil Is Fading Fast
(DBN)

Basic Energy Unstacking All Fracking Equipment, Posting Jobs
(DBN)

Oil Stocks Are Behaving Like Dogs
(DBN)

Staff Shortages Will Cause Rising Day Rates For Oil Drilling Companies
(DBN)

Halliburton gains from rising oil well completions in North America
(DBN)

Seadrill: 'There Is A Deal In Sight' And 'We All Have To Take A Little Bit Of Medicine'
(DBN)

Paragon Offshore Creditors May Pursue Claims Against Noble Corporation Noble Corp: Shares drop on fear of creditors pursuing claims
(DBN)

Ezra not making interest payment, due on April 24, on its $150m notes
(DBN)

______________

Retailing:

As retail bankruptcies climb toward post-recession high, these companies could be next These 10 retailers could be the next to declare bankruptcy
(DBN)

Sears tops list of retailers most vulnerable to defaulting on debt Sears' turnaround timeline is shrinking — and it could be next in line to declare bankruptcy If Sears Finally Goes Out of Business, Here Are the Biggest Winners Sears Closing 50 Auto Centers, 92 Kmart Pharmacies Sears ' Asset Sales Put It Back In Black; Gets Third CFO In A Year Amid restructuring, Sears CFO departs after 7 months on the job Sears Just Reminded Everyone It's on Life Support and May Never Get Off Are Insiders Pocketing Their Own Shares of Sears Holdings Corporation Sears Releases Restructuring Update, Pursues Transformation
(DBN)

Retailers Are Going Bankrupt at a Record Pace Retailers on Record Bankruptcy Pace: S&P
(DBN)

Gander Mountain said to attract Sportsman's Warehouse as buyer
(DBN)

4 Stocks Caught In The Athleisure Trend
(DBN)

Guitar Center Bonds Hit a Sour Note
(DBN)

How Macy's is transforming into a discount retailer
(DBN)

The retail apocalypse is accelerating
(DBN)

______________

Radio:

Will iHeartRadio Parent Company Go Bankrupt In 12 Months? Rush Limbaugh, Sean Hannity face an uncertain future with iHeartRadio
(DBN)

______________

Personal Finance:

Thank-you notes aren't enough anymore — here's the follow-up email that will show hiring managers you're a rockstar
(DBN)

Your credit score is about to become more forgiving
(DBN)

Here’s why 90% of rich people squander their fortunes
(DBN)

______________

Student Debt:

Atlanta school pushes early college completion to tackle student debt
(DBN)

______________

Golf:

Bank purchases bankrupt golf course, hopes to keep it running
(DBN)

______________

Debt Collection:

U.S. Supreme Court Hears Oral Arguments over Whether Debt Buyers are Debt Collectors under FDCPA
(DBN)

______________

Fraud:

Man accused in "Hamilton" Ponzi case says he shouldn't have to answer civil suit while criminal case is ongoing
(DBN)

Trio accused of wire fraud scheme to bilk nonprofits out of millions
(DBN)

Texas Man Sentenced for $19 Million Fraud Scheme
(DBN)

______________

Solar:

SunEdison slams unsecured creditors in fight over bankruptcy loan
(DBN)

Tesla's solar business is largely a bust
(DBN)

______________

Shipping:

Yang Ming sends out 'don't panic' message to quell shipper fears
(DBN)

______________

 


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 (24 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)

______________

Bankruptcy Statistics:

Downward Trend Continues in Bankruptcy Filings
(DBN)

965 companies have filed for chapter 11 YTD, New York, Texas, California, and Florida lead
(DBN)

Southern California bankruptcy filings at 10-year low
(DBN)

Many Americans use tax refund to pay for bankruptcy filing
(DBN)

Weekly Bankruptcy Claims Trading Activity
(DBN)

A record amount of bankruptcy filings have set the pace for the retail industry
(DBN)

______________

SCOTUS:

SCOTUS won't hear GM's appeal that 2nd Circ undermined important liability-shedding provision in bankruptcy GM appeal of ignition switch ruling rejected by high court Supreme Court Allows Ignition-Switch Lawsuits To Proceed Against GM In Pre- Bankruptcy Crashes Supreme Court Leaves GM Vulnerable To Pre-Bankruptcy Ignition Claims GM Is Rejected by U.S. Supreme Court and Left to Face Ignition Claims
(DBN)

______________

Sales:

Memorable Lessons From Violin Memory And Other Auctions.
(DBN)

______________

Preclusion:

Res Judicata Does not Apply to “Deemed Allowed” Proofs of Claim
(DBN)

______________

TBTF:

Wells Fargo Finally Gets Some Regulatory Relief Wells Fargo has satisfactory 'living will' plan: Fed Wells Fargo's Living Will Approved After Third Try
(DBN)

MetLife Seeks to Delay Systemic Risk Tag Due to Trump Review
(DBN)

White House Releases Memorandum on Orderly Liquidation Authority
(DBN)

______________

Automatic Stay:

Emotional distress award upheld in bankruptcy case Emotional Distress Merits Actual Damages
(DBN)

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Trustees:

‘Temple of Justice’ Rebuffs Trustee’s Attempt to Double Dip
(DBN)

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Discovery:

Courts Make Clear that General Objections are Generally Inappropriate
(DBN)

______________

Discharge:

Consumer Bankruptcy , Nondischargeability, and Penal Debt
(DBN)

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Student Debt:

The U.S. Makes It Easy for Parents to Get College Loans - Repaying Them Is Another Story
(DBN)

______________

Travel:

American tries to learn from United's mistakes after video of employee-passenger confrontation goes viral Passenger in latest viral airline video has a lawyer Atty for United passenger dragged off flight also repping American passenger in stroller dispute
(DBN)

Passenger dragged from United flight ‘struck his face against armrest,’ police report says
(DBN)

Airlines in America have few incentives to put the passenger first
(DBN)

This robot suitcase follows you around on your travels
(DBN)

One New Regulation Would Change The World For Parents Flying With Children
(DBN)

______________

Healthcare:

ER Docs Not Paid as 'Critical Vendors' of Bankrupt Hospital
(DBN)

White House says vote on healthcare plan may not come for weeks
(DBN)

______________

Asset Protection:

Panama Papers scandal law firm partners get bail
(DBN)

______________

Corporate Reform:

GOP to Muzzle Consumer Complaint Database
(DBN)

______________

Electricity:

Moody's: Merchant generators in PJM face refinancing risk amid challenging market conditions
(DBN)

______________

Awards:

NACBA Awards Henry J. Sommer Scholarship to Nate Juster of Atlanta Legal Aid
(DBN)

______________

Food/Beverage:

Marsh said to cut staff amid new round of closures
(DBN)

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UK:

London delivery startup Doddle is closing most of its stores after burning through tens of millions of pounds
(DBN)

UK watchdog fines Grant Thornton $2.9M for widespread misconduct during an audit
(DBN)

Construction v Insolvency: Adjudicator’s decisions will be enforced, despite a statutory moratorium
(DBN)

Craig Whyte 'told Rangers board he was funding takeover'
(DBN)

Ex-Cayman insolvency litigator joins Kobre in London
(DBN)

May Prepares to Obliterate the UK Competition
(DBN)

Lawyers face £500 million payout for homes that cannot be sold
(DBN)

______________

EU:

Middle Class Fortunes in Western Europe
(DBN)

______________

PIIGS:

Greek budget in surplus for first time in 21 years
(DBN)

Greek officials, creditors to meet in Athens seeking a quick deal Will Trump Weigh In on Greek Crisis? Latest Turn in Greek Debt Crisis Is Kafkaesque: QuickTake Q&A
(DBN)

Alitalia Workers Reject Deal to Avoid Airline Bankruptcy Alitalia workers wrap up voting on deal to save airline Alitalia workers reject deal to avoid airline bankruptcy Alitalia Risks Collapse After Staff Spurn Restructuring Plan Alitalia plunged into chaos as workers reject rescue deal
(DBN)

______________

Canada:

Three Ontario cities to test basic income pilot project Canada is launching an experiment that will give 4,000 people free money until 2020
(DBN)

Pre-Pack Sale Option – Potential Investment Opportunity for Prospective Purchasers
(DBN)

Redwater Energy decision that gives creditors priority over environment upheld by Appeal Court Appeal Dismissed: Decision of the Alberta Court of Appeal in Re Redwater Confirms Paramountcy of BIA
(DBN)

Alberta's Energy Minister Sees Glass Half-Full in Oil -Sands Deals
(DBN)

______________

France:

The Fall of the French Left
(DBN)

______________

Venezuela:

General Motors fires 2,700 in Venezuela after plant closure: workers
(DBN)

10 things you should know about the current crisis in Venezuela
(DBN)

______________

Ukraine:

NBU declares Diamantbank insolvent Diamantbank head links bank's insolvency to Martynenko's detention
(DBN)

______________

Japan:

Toshiba to restructure to protect core businesses
(DBN)

______________

Bahamas:

Bran: Govt Opposed Baha Mar Chapter 11 To Hide Self-Dealings
(DBN)

______________

Singapore:

Beleaguered Ezra won't pay interest on its $150m notes
(DBN)

______________

China:

Chongqing Steel warns of bankruptcy after creditor goes to court
(DBN)

China's Hidden Debt Stirs Investor Angst as Defaults Rise
(DBN)

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