April 26, 2017

The Daily Bankruptcy News

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Law:

Stay-at-Home-Rainmakers: A Growing Threat to Big Law
(DBN)

From Threesomes to Channeling the Dead, Not Much Shocks This Legal Ethics Guru
(DBN)

Lawyer Calls Dewey Criminal Case a Failure as Summations Begin
(DBN)

Troubled Law School, Under Investigation By State Attorney General, Hopes Betsy DeVos Will Come To Its Rescue
(DBN)

Temperature Rises In Debate Over Closure Of Whittier Law School; Are 5-25 Law Schools In A 'Death Spiral' Leading To Closure Over The Next Five Years?
(DBN)

The Benefits of Welcoming AI Into the Legal Department
(DBN)

Reed Smith launches agile working policy for all city staff Reed Smith offers flexi-working option to all London lawyers
(DBN)

Winston & Strawn Adds Bankruptcy Finance Pro
(DBN)

Donald Trump’s law firm touts “insights on the new administration” in an online ad Jones Day Advertising Its Trump Admin Ties
(DBN)

GCs also need business know-how to succeed, study says
(DBN)

Fee Motions in VW Diesel Fraud Case Denied, But Door Opens for Another Option VW judge dares plaintiffs’ lawyers to go after clients for fees
(DBN)

Wife of bankruptcy attorney loses lawsuit demanding dog-free elevator rides to her penthouse Holly Geraci loses lawsuit, must share condo elevator with dogs Wife of bankruptcy lawyer Geraci doesn't get to have special elevator access to avoid dogs, jury says
(DBN)

Successful, Cost-Effective eDiscovery Requires A Team Approach
(DBN)

Diversity In Law Schools: Some Initial Thoughts
(DBN)

Student On Track To Be Youngest Lawyer In America
(DBN)

Agility is key to success for independent law firms
(DBN)

'It's terrible': John Kasich goes on extended riff about ICE agent 'knock-and-talks'
(DBN)

The Town That Turned Poverty Into a Prison Sentence
(DBN)

Calling Your Boss A "N---- M-----------" Shouldn't Get You Fired, Judges Rule
(DBN)

Aaron Hernandez lawyers seeking to have his murder conviction dismissed
(DBN)

Bundy Supporters Convicted in Nevada
(DBN)

Acting SEC Chief Says ‘We Got This Fiduciary Rule Thing,’ Exaggeratedly Blinks One Eye
(DBN)

Fox News Faces Added Claims of Employee Race Bias in New Suits
(DBN)

California judge blocks Trump's sanctuary cities order Judge blocks Trump order denying funds to sanctuary cities Trump’s Attack On Sanctuary Cities Is Blocked By California Judge
(DBN)

Biglaw Arsonist Sentenced To 15 Years In Prison
(DBN)

Police Get Ready As Pundit Ann Coulter Insists On Public Speech In Berkeley
(DBN)

NYPD Unit Allegedly Sold Gun Permits for Strippers and Cash
(DBN)

Jose Baez Offered to Rent Bus to Take Jury to Aaron Hernandez's Funeral, Juror Says
(DBN)

Police: Wife’s Fitbit Logs Steps After Husband says She Died
(DBN)

Anti-Semitic Incidents Up 86% This Year
(DBN)

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Judges:

Hello? Justice Stephen Breyer's cellphone rings in court A cellphone interrupts oral arguments at the Supreme Court, but the justice didn’t answer
(DBN)

Hon. Eugene R. Wedoff (ret.) Named ABI President
(DBN)

VA Worker Calls For TX Judge's Recusal In Bias Suit
(DBN)

Tracking The Educational Paths Of Supreme Court Justices
(DBN)

Dinner With Trump: An Ethical Landmine For The Supreme Court?
(DBN)

A Closer Look At Justice Neil Gorsuch’s Current Clerks
(DBN)

Gorsuch's 'Burping Boy' Dissent Arrives at the Supreme Court
(DBN)

Judge accused of 'victim blaming' defends comments on "drunk girls"
(DBN)

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Wall Street:

U.S. stocks eye muted open as investors await Trump’s ‘big’ tax plan, drink in earnings
(DBN)

Nasdaq surpasses 6,000 for the first time ever—marking historic milestone amid stock-market rally
(DBN)

Goldman Sachs is sounding the alarm on a crucial barometer for the markets
(DBN)

Investors Jump Back Into Risky Assets
(DBN)

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Layoffs:

J. Crew Plans to Cut 250 Jobs
(DBN)

It’s OK If Robots Take Over Our Jobs So Long As This Happens
(DBN)

Wright State could lay off up to 120 people
(DBN)

STARTEK to Lay Off 200
(DBN)

MyPillow 'forced to lay off' 140 workers
(DBN)

Coca-Cola Is Cutting 1,200 Jobs
(DBN)

Great-West Lifeco to lay off 1,500
(DBN)

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Politics:

Trump’s 100-days promises: A long way to go on most of them Trump's top alternative media backers defend their controversial actions by saying they play 'characters' Trump Has Used His Pen a Lot in First 100 Days Trump Far From Doomed in 2020 Mar-a-Lago Ad Belongs in Impeachment File Trump's Next 1,361 Days Sen. Elizabeth Warren Gives President Trump an ‘F' for His First 100 Days
(DBN)

'The game is rigged': Elizabeth Warren says political parties are changing in the US Bernie Sanders: The Democratic Party model is 'failing'
(DBN)

Here's how the Senate's Trump-Russia probe stacks up to past investigations No Sign Michael Flynn Complied With Law on Overseas Payments, Bipartisan Panel Leaders Say 'This is a major problem': Cummings says Flynn appears to have committed a felony White House rejects Oversight request for Flynn documents House Oversight chair: It looks like Michael Flynn broke the law with Russian payments Chaffetz and Cummings Say Flynn Didn't Disclose Russia Payments Former acting attorney general Sally Yates to testify before Senate panel Why Michael Flynn Could Be in Some Deep, Deep Legal Trouble
(DBN)

Obama to be paid $400,000 for Cantor Fitzgerald speech
(DBN)

Republicans Exempt Congressional Members & Staff from Obamacare Repeal
(DBN)

Less Than a Third Have Positive Image of McConnell, Schumer
(DBN)

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Healthcare:

Ending Obamacare payments would actually cost the government billions of dollars
(DBN)

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Art:

NASCAR's premier artist will have more than 250 pieces of artwork auctioned
(DBN)

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Agriculture:

Should Farmers Fear Trump?
(DBN)

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Banking:

A nun was interrupted by a shareholder at the rowdy Wells Fargo annual meeting Outburst by angry Wells Fargo shareholder halts annual meeting All Wells Fargo board members reelected at shareholder meeting
(DBN)

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Autos:

BoA Warns of Material Risk in Tesla Long Term
(DBN)

GM Loses Supreme Court Appeal That Could Cost It Billions And Rightly So
(DBN)

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Fraud:

Judge Posner calls fraudster's argument for resentencing "a loser"
(DBN)

Ex-CFO asks for leniency after prosecutors seek 93-year prison sentence for $300 million Ponzi scheme
(DBN)

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Aviation:

New Orleans-based GLO Airlines: Court to allow flights to continue GLO Airlines settles contractual dispute
(DBN)

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Shipping:

On course for recovery or more ocean freight rate chaos?
(DBN)

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Taxis:

Flying Cars Are Just The Latest Way Uber Plans To Lose Money
(DBN)

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Economy:

Everybody Thinks They’re Middle-Class
(DBN)

US Middle Class Contracted Over Two Decades
(DBN)

Consumer confidence slips from 16-year high
(DBN)

Trump’s 15% corporate tax rate could cost the government $2 trillion
(DBN)

Trump drops support for 'border adjustment' tax: report
(DBN)

The Biggest Threat to the Economy Is Washington
(DBN)

Wilbur Ross lays out plan to toughen up U.S. trade policies US Commerce Secretary Ross fires new trade salvos as Trudeau calls Trump on lumber, dairy 5 Takeaways from Commerce Secretary Wilbur Ross on Trade
(DBN)

Trump's Border-Wall Blink Trump just blinked in the government-shutdown fight Trump’s ‘big, beautiful wall’ collides with Congress Gov't shutdown less likely as Trump backs off on funding for border wall Trump: Border Wall Will Still Be Built Trump’s Border Wall Is Lowest Priority in Funding Talks, Voters Say
(DBN)

Mexico sees NAFTA trade talks starting in August: Minister
(DBN)

Trump Can Grow the Economy or Cut Immigration. He Can’t Do Both
(DBN)

Bernanke warns that a ‘politicized’ U.S. economy will create bad policies
(DBN)

Trump could spark a trade war with two major US allies
(DBN)

'We will not stand for this': Trump fires latest shot in escalating fight over Canada dairy imports President Trump Blames Canada on Twitter After Softening on China, Trump Goes All-in on Anti-Canada Populism Why is Trump Starting a Trade War w/ Canada Trump says Canada’s been ‘very rough’ on the U.S. Is he right? Trump’s sudden preoccupation with Canadian milk, explained
(DBN)

Trump Fixates on Canadian Softwood. You Shouldn't. No one is talking about the most insidious part of Trump's lumber tariff
(DBN)

Former Federal Reserve Chairman Ben Bernanke Just Crushed Everyone's Hope for a Tax Cut Miracle
(DBN)

Percentage of New Mortgages Considered Subprime vs. New Student Loans Considered Subprime, 2005-16
(DBN)

Threads of Confidence Emerge in a Former Textile Town
(DBN)

Illegal immigration fell before Trump took office
(DBN)

Budget Cuts Trump and Obama Agree On
(DBN)

Huh? Mnuchin Says Tax Cuts Won't Up Deficit
(DBN)

Trump Tax Plan is a Plutocrat's Dream
(DBN)

Gov't Support of Public Goods Made US Great
(DBN)

OK, Maybe Globalization Isn't Dead
(DBN)

How a GOP bill could cause the next financial crisis
(DBN)

How Trump’s tax reform could lift stocks to new heights President Trump eyes steep cuts to corporate tax rates, repatriated earnings Trump to propose large increase in deductions Americans can claim on their taxes Why Pro-Business Republicans May Not Embrace Trump’s Massive Tax Cut Trump changes course on child-care benefit after criticism he would mainly help well-off families Republicans’ plan to cut corporate taxes would lead to massive revenue losses, congressional accountant finds Trump’s 15% Corporate Tax Seen as ‘Gambit’ as He Unveils Plan Trump's Tax Plan Said to Seek 10% Levy on Offshore Earnings
(DBN)

Chemical Activity Barometer increases in April
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

U.S. Bank fined $15 million for bankruptcy filing violations
(DBN)

U.S. house prices show no sign of slowing New home sales roar to an 8-month high as spring selling season starts with a bang New home sales unexpectedly jump in March New Home Sales increase to 621,000 Annual Rate in March
(DBN)

MBA: Mortgage Applications Increase in Latest Weekly Survey
(DBN)

Case-Shiller: National House Price Index increased 5.8% year-over-year in February Zillow Forecast: "The national Case-Shiller index is projected to climb 5.9 percent year-over-year in March"
(DBN)

Interpreting a Guaranty: Teeny Typo Turns Into a Colossal Pain
(DBN)

PulteGroup beats profit estimates as home sales rise
(DBN)

Homebuilders slide after Trump administration announces a 20% tariff on Canadian lumber
(DBN)

How one buyer describes the Southern California housing market: 'Insane'
(DBN)

Lowest mortgage rates since election push refinances up 7%
(DBN)

New York Landlords Exploit Loophole to Hike Rents Despite Freeze
(DBN)

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Municipalities:

Puerto Rico and Its Government Face Do or Die Week
(DBN)

Puerto Rico Religious Leaders Call for Bankruptcy Ahead of "Vulture Fund" Deadline
(DBN)

Flint DPW head gave water investigators 'multiple' statements On anniversary of Flint water crisis, attorney general seeks justice
(DBN)

Officials: 400 Detroit water customers disconnected
(DBN)

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Oil/Gas:

Creditors, Not Cleanup, First Priority For Bankrupt Canadian Energy Firms
(DBN)

Oil price slips on bulging U.S. crude stocks, ample global supplies
(DBN)

Can An OPEC Extension Push Oil To $60?
(DBN)

Why Investors Are Losing Confidence in and Oil Comeback
(DBN)

Top 5 Risks To Oil Prices Top 5 Risks To Oil Prices
(DBN)

Russia Has a Plan to Ease the Global Gas Glut
(DBN)

A sign of the recovery: Oil field service firms flex, raise prices
(DBN)

For Oil & Gas M&A, It’s a Buyers’ Market
(DBN)

Strong Energy M&A Fuels Optimism for MLPs
(DBN)

Big pay days for some energy executives after bankruptcy
(DBN)

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Television:

A stunning number of Americans no longer have cable TV
(DBN)

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Healthcare:

Only 37 percent say Trump should repeal and replace Obamacare Poll: America Hates the Very Idea of Trump Health-Care Plan
(DBN)

Trump Promises Health Insurance Premiums Will Tumble Down
(DBN)

Republican Support for Health Care Overhaul Grows, Poll Shows
(DBN)

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Student Debt:

Consumer complaints spiked 325% in 2017 over this one issue Types of Student Loan Complaints, Types of Products
(DBN)

Parents Are Struggling to Pay Student Debt Even as They Near Retirement
(DBN)

21 state AGs tell Betsy DeVos rolling back student loan rules is a bad idea
(DBN)

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Hedge Funds:

A struggling hedge fund says it is cutting costs and still trying to find a partner
(DBN)

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Tech:

Retailers Foreshadow Tech Debt Carnage
(DBN)

Violin Memory steps out of bankruptcy , takes the storage stage again
(DBN)

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Lehman:

Citibank defends trade valuations to open $2 billion Lehman suit
(DBN)

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Nuclear:

Westinghouse's Struggles 'Matter of National Security'
(DBN)

SCANA: Promising Future Despite Westinghouse Woes
(DBN)

Southern Challenged Over Executive Pay Amid Power Plant Delays
(DBN)

Kazakh uranium firm says won't be affected by Westinghouse bankruptcy
(DBN)

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Mass Torts:

Analysis of Personal Jurisdiction Arguments at SCOTUS on “Mass Tort” Cases
(DBN)

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New Bankruptcy Opinions
(7 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (15 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (13 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)

Retired Judge Steven Rhodes To Speak On June 14 In Detroit
(DBN)

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Trustees:

BK SD GA Seeking Ch. 7 Trustee
(DBN)

BK CT Seeks Ch. 13 trustee
(DBN)

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Bankruptcy Policy:

Stiffing the Creditor: The Effect of Asset Verifiability on Bankruptcy
(DBN)

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Corporate Governance:

Delaware Court Orders Sale of Solvent Company’s Stock Despite Shareholder Objections
(DBN)

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Mediation:

In re SunEdison: Mandatory Mediation to the Rescue?
(DBN)

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Automatic Stay:

Governmental Regulatory Exception to Automatic Stay Applies to Contempt Proceeding
(DBN)

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Avoidance Actions:

9th Cir. Rejects Debtor's Attempt to Avoid SBA Judgment by Disclaiming Inheritance
(DBN)

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Movies:

Hollywood is dangerously close to being shut down by a writers' strike
(DBN)

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Travel:

US considers cabin laptop ban on flights from UK airports
(DBN)

How Flight Attendants Are Set Up to Fail
(DBN)

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Retailing:

J.Crew Is Slashing 250 Jobs as Sales Crater
(DBN)

JCPenney's Chances of Bankruptcy Are High
(DBN)

Retail suppliers draw the line, toughen terms as bankruptcy roils the industry
(DBN)

Sears Holdings Just Offered More Proof That It's Doomed
(DBN)

The Retail Sector’s Recent Woes Are About To Get Even Worse
(DBN)

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Corporate Reform:

This is Why Obama Didn't Put Any Wall Street Execs in Prison
(DBN)

House Financial Services Committee to Discuss CFPB Reform Bill
(DBN)

Former Regulator Details CFPB's Secret History of Stonewalling
(DBN)

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Climate:

The Arctic is melting and guess who faces more flooding — that’s right, South Florida
(DBN)

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Coal:

Congress nears deal on help for miners Both Parties United on Permanent Fix for Coal Miners’ Health Care
(DBN)

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Awards:

Global M&A Top 100 Restructuring Professionals
(DBN)

Weil Wins Pro Bono Leadership Award from Legal Services NYC, Bankruptcy Assistance Project
(DBN)

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Personal Finance:

You Thought It Was An Urgent Care Center, Until You Got The Bill
(DBN)

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Pharma:

MannKind May Not Go Bankrupt, But...
(DBN)

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Turnarounds:

How Motorola Solutions Navigated Away From Bankruptcy
(DBN)

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Media:

Gawker Estate Asks for Probe of Peter Thiel Gawker estate explores whether it can sue Peter Thiel
(DBN)

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Telecoms:

Avaya's bankruptcy stay lifted to allow BlackBerry lawsuit
(DBN)

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UK:

Sports Direct agency Transline preparing for insolvency
(DBN)

Allan Graham Joins the UK Restructuring Advisory Practice
(DBN)

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PIIGS:

Alitalia to Start Bankruptcy Process Alitalia Teeters Toward Bankruptcy as Staff Spurns Bailout Bankruptcy looms for Alitalia after workers reject restructuring plan The Likely Alitalia Bankruptcy : the Devastating Effects of Protectionism Alitalia goes bust: Italy's flagship airline triggers insolvency process Alitalia in Chaos as a Sale or Breakup Seems Possible
(DBN)

Alitalia calls April 27 shareholder meeting as future hangs in balance
(DBN)

Greece calls for debt relief as bailout talks resume in Athens Greek Government Rushes to Close Evaluation, Sign Fourth Memorandum
(DBN)

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Canada:

"Alberta, Alberta, You’re Still on My Mind"
(DBN)

Canada to Start Test of Universal Basic Income
(DBN)

Gowling WLG successfully defends Redwater decision on appeal
(DBN)

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China:

China’s middle class suffers from insomnia, rarely has s--, and is very worried about its future
(DBN)

Chinese Bond Debt Defaults Surge
(DBN)

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India:

India is adding billionaires at an astonishing rate
(DBN)

Bankruptcy is not a stigma, says PEA Sanjeev Sanyal
(DBN)

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Australia:

February External Administrations at Monthly Levels Not Seen Since Mid-2000s
(DBN)

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Romania:

Coface: Financial losses caused by insolvency reach historical level
(DBN)

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Japan:

Toshiba plans to replace auditor PwC after earnings impasse
(DBN)

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South Africa:

SABC's money woes : 'It's bad'
(DBN)

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