April 7, 2017

The Daily Bankruptcy News

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Law:

NY Ban on Equity Investment In Law Firms Is Upheld
(DBN)

Skadden Names New Restructuring Partner
(DBN)

Chadbourne plans vote on ouster of partner who filed $100M gender bias suit • Biglaw Firm Will Vote To Oust Partner Suing Them For Gender Discrimination
(DBN)

Cleary Gottlieb, Morgan Stanley Top Q1 M&A Deal Rankings
(DBN)

Can changing how we measure lawyer performance unlock diversity?
(DBN)

Litigation Powerhouse Cutting Back On Contingency Work
(DBN)

Preet Bharara says his firing was due to the Trump administration's 'helter-skelter' incompetence • Preet Bharara on why he was fired: 'Beats the hell out of me.' • Former US attorney Preet Bharara's ribs Trump in first public speech since being fired
(DBN)

Two UC Irvine law profs announce they are running for Congress • Katie, Remember Us When
(DBN)

The 10 Law Schools With The Highest Tuition (2016-2017)
(DBN)

LSAT Test-Takers Rose 3.3% In Fall 2017 Admissions Cycle, But Law School Applicants Are Down 1.9%
(DBN)

Under Pressure From Feds, ABA Cracks Down On Four Law Schools (Arizona Summit, Ave Maria, Charlotte, Valparaiso)
(DBN)

Lawyers Are Interesting People, Too
(DBN)

13 things you're doing that make people dislike you immediately
(DBN)

Tips and Takeaways from ABA TECHSHOW 2017
(DBN)

Man has to pay more than $30K for negative Yelp review
(DBN)

Warner Bros. might have to pay $900 million if they can’t prove ghosts are real
(DBN)

Computer-related charges filed after 11-year-old's suicide
(DBN)

The Lawyer James Dolan Cursed Out Is An Adjunct Professor, Not A Drunk.
(DBN)

Advising An Incompetent Colleague
(DBN)

‘Pretty People Always Win’: Beauty Bias In The Workplace
(DBN)

Divorce Attorney’s Murder A Chilling Reminder Of The Dangers Of Family Law
(DBN)

Man tried to buy M&Ms, but his credit card was declined. He didn't take it well.
(DBN)

California Woman Hit With $35 Million Bail . . . Friends Pony Up Roughly $70 Million
(DBN)

Lawyer sends incredible email explaining why it’s not his turn to buy toilet paper
(DBN)

Report: Many DEA Cash Seizures Have “No Discernible Connection” to Law Enforcement
(DBN)

Book Review: ‘Baby You’re a Rich Man’
(DBN)

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Judges:

Hon. Henry W. Van Eck Sworn In as Bankruptcy Judge for the Middle District of Pennsylvania
(DBN)

Senate goes 'nuclear' to advance Trump Supreme Court pick •RIP US Senate: 1789-2017 • McConnell Finishes What Schumer Started • The Gorsuch filibuster is about far more than payback • If the Democrats use the filibuster to protest Neil Gorsuch’s nomination, it might be the only constructive purpose the practice has ever served • The Evolution Of Filibuster And Cloture • Senate Republicans Deploy 'Nuclear Option' to Clear Path for Gorsuch • Democratic Senator: McConnell 'just put a knife into the heart of our' republic • With Gorsuch filibuster, Democrats embrace a 'political' Supreme Court • Learning to Love the Nuclear Option • “Nuclear Option,” Remember the Most Famous Filibusters on Film and TV • "Nuclear option" won't cure fraught confirmation process • Justices Can Be Great Again After Filibuster’s End • Law prof sees ‘nuclear option’ bright side: More interesting SCOTUS nominees • Filibuster: Republican friend or foe? • The Nuclear Age: The Supreme Court May Never Be The Same
(DBN)

New podcast explores Justice Scalia's approach to the Code & compares to Judge Gorsuch's jurisprudence
(DBN)

More on Judge Gorsuch, plagiarism, and Oxford
(DBN)

Judge Richard Posner Confesses Error
(DBN)

Americans remain divided on how the Supreme Court should interpret the Constitution
(DBN)

Is a Docusign E-Signature an Original for the Purpose of a Court Rule?
(DBN)

Interruptions of female justices has increased with their representation on SCOTUS, study finds • It Doesn’t Get Better — Women Supreme Court Justices Get Interrupted Too
(DBN)

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Wall Street:

U.S. stocks face tough day after U.S. strike on Syria
(DBN)

Global stock futures and bond yields are sinking after the US launched a missile strike on Syria
(DBN)

Stocks Close Flat
(DBN)

The head of the world's largest investor is sounding the alarm about the stock market

A Trump Adviser From Wall Street Wants to Bring Back Glass-Steagall
(DBN)

Goldman Sachs names new heads of financial restructuring
(DBN)

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Layoffs:

Illinois employers announce more than 2500 mass layoffs
(DBN)

Low prisoner population prompts 166 layoffs
(DBN)

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Politics:

Trump's controversial modeling agency is reportedly imploding
(DBN)

Trump: 'I think we've had one of the most successful 13 weeks in the history of the presidency' • MSNBC Hosts Liken Ivanka and Jared Kushner to Saddam Hussein's Sons • Long before Trump, JFK ran the White House like a family business • Donald Trump Is Counting on Son-in-Law Jared Kushner to Save the World • Is Gary Cohn Now Trump's New Favorite Aide? • For Trump The Weight of the World's Problems Sink In
(DBN)

'DO NOT ATTACK SYRIA': Trump's 2013 comments on Syria urged Congressional approval, military restraint
(DBN)

The head of the House Intelligence Committee is stepping aside from the Russia investigation • How Devin Nunes suddenly fell from power • The congressman taking over the Russia probe from Nunes has questioned whether Russia really wanted Trump to win • Congress' probe into Trump's ties to Russia puts spotlight on a low-profile lawmaker
(DBN)

Undocumented husband of Indiana Trump voter deported
(DBN)

War breaks out between the Kushner and Bannon factions in the White House • In Battle for Trump's Heart and Mind, It's Bannon vs. Kushner
(DBN)

Where's Kellyanne Conway?
(DBN)

This image of Jared Kushner is blowing up the internet
(DBN)

Hillary Unleashed: ‘What was done to us was an act of aggression’
(DBN)

Ivanka Trump will not sell her fashion label despite ethical concerns
(DBN)

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Healthcare:

House Republicans are finally making a big admission: They like Obamacare!
(DBN)

Obamacare premiums could spike 19% if Congress cuts off subsidies
(DBN)

Another state is at risk of having only one Obamacare health insurer
(DBN)

Republicans' new healthcare plan includes a policy that could be terrible for the sickest Americans
(DBN)

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Shipping:

Seadrill crisis spreads to battered South Korean shipbuilders
(DBN)

Hanjin collapse challenges South Korean policy
(DBN)

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Celebs:

Shamed Dance Moms star Abby Lee Miller owns up to criminal acts: 'I have to take responsibility' • Dance Mom's Abby Lee Miller: Terrified of Prison
(DBN)

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Coal:

A Coal Boom to Fear
(DBN)

Web page for US public lands agency showcases coal mine
(DBN)

Peabody Sheds Debt In Australia To Emerge From Bankruptcy
(DBN)

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Marijuana:

Jeff Sessions is ordering the Justice Department to review its policy on marijuana
(DBN)

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Food/Beverage:

The Restaurant Deal Frenzy Has a Shelf Life
(DBN)

Ruby Tuesday loss widens in Q3, company names new CEO
(DBN)

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Economy:

Jobless aid applications fell to 234,000 last week • Jobless claims tumble 25,000 in latest week • Weekly Initial Unemployment Claims decrease to 234,000
(DBN)

What to watch in the jobs report: slowing growth, rising pay • Goldman says weather could have wiped out 60,000 jobs from March employment report •
(DBN)

Goldman: March Payrolls Preview
(DBN)

Fed Wants to Dump $4 Trillion in Holdings • This is what the Fed can buy with its $4.5 trillion balance sheet • Will Unwinding the Fed’s $4.5 Trillion Balance Sheet Kill the Bull Market?
(DBN)

Ray Dalio Agrees With Jamie: There is a human tragedy taking place in America
(DBN)

March Employment Preview: Mixed Signals
(DBN)

The New Shape of US Household Debt • New concerns about growing consumer debt
(DBN)

Neel Kashkari Just Called Out Jamie Dimon
(DBN)

Steve Bannon is Losing to the Globalists
(DBN)

U.S. South, not just Mexico, stands in way of Rust Belt jobs revival
(DBN)

The Border Wall Is Already Giving Up Part of America • Poll: Most Disagree with Border Wall
(DBN)

The Big Risk in Trump's Plan to Cuts Taxes and Boost Spending
(DBN)

Is China stealing our jobs? • At Mar-a-Lago, Trump welcomes China's Xi in first summit
(DBN)

These states would get hit hardest by a trade war with China
(DBN)

Tax reform is about to follow the same doomed script as healthcare reform
(DBN)

On Infrastructure, Trump Gives the New York Times a Master Class in Evasion • Trump considers borrowing ‘much more’ than $300 billion to fund U.S. construction projects • At the moment, an “Infrastructure Bill” is Washington fantasy
(DBN)

Trump cuts leave bridge and rail projects hanging
(DBN)

Conservatives attack proposed U.S. border tax
(DBN)

Number of U.S. adults cohabiting with a partner continues to rise, especially among those 50 and older
(DBN)

Will 'America First' Lead to War? • Putin 'dangling' new offer to 'entice' Trump against attacking Assad
(DBN)

The 2020 census could blow a huge hole in the federal budget
(DBN)

California Legislature votes to raise gas taxes, vehicle fees by $5.2 billion a year for road repairs and transit
(DBN)

The American Dream appears to be more attainable in Mexico and China
(DBN)

Ex-Goldman economist Jim O'Neill says Trump advisors seem to be 'stuck in the dark ages' Reporting by Willem Marx; Writing by Silvia Amaro 2 Hours Ago
(DBN)

Fed recognizes Trump's infrastructure plan as the 'real pillar' of the US economy, economist says
(DBN)

Trump’s Tax Overhaul Keeps Congress Waiting as Questions Pile Up
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Foreclosure law firm accused of conspiring to inflate prices is mostly victorious at trial
(DBN)

Mortgage rates tumble but may be headed back up • Freddie Mac: Mortgage rates hover just above 2017 lows
(DBN)

Las Vegas Real Estate in March: Sales up 11.9% YoY, Inventory down Sharply
(DBN)

Office Vacancy Rate Since 1980
(DBN)

Millennials closing loans at fastest pace in nearly a year
(DBN)

TransUnion: Here’s why Millennials are delaying homeownership
(DBN)

Bankrupt Dallas Builder Leaves Buyers to Bear Unpaid Labor Costs
(DBN)

Even the most affordable housing markets still aren't very affordable
(DBN)

7th Cir. Rejects Borrower's Claims Against Mortgagee, Other Parties Under Rooker-Feldman
(DBN)

Bankruptcy court could rule on Crossings Mall bridge construction soon
(DBN)

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Municipalities:

Puerto Rico's electric utility Prepa, bondholders reach new restructuring deal • Puerto Rico's PREPA, bondholders agree to new debt deal • Puerto Rico Reaches Power Utility Debt Deal • PREPA Bondholders Comment on Revised RSA Agreement • PREPA Deal Takes Dire Predictions for MBIA & Assured Guaranty Losses on Utility's Debt Off the Table • New debt deal in Puerto Rico
(DBN)

Puerto Rico Must Get Debt Negotiations Right For The Sake Of The People
(DBN)

Puerto Rico's statehood: The US's moral obligation
(DBN)

Puerto Rico seeks private investment to counteract austerity
(DBN)

Top economist: Puerto Rico could fall into deeper depression
(DBN)

House OKs state takeover of Gary school finances and academics
(DBN)

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Oil/Gas:

Haynes and Boone Spring 2017 Oil and Gas Borrowing Base Survey Reflects “Cautious Optimism”
(DBN)

Bankrupt Oil Companies Pay Huge Bonuses To CEOs
(DBN)

BP cuts CEO's pay package after shareholder backlash • BP Forced to Cut CEO Pay by 40% After Shareholders Get Mad
(DBN)

U.S. Threatens OPEC As Oil Exports Hit Record High
(DBN)

U.S. Shale Ignores OPEC’s Warning: Oil Rig Count Soars By 10
(DBN)

Did The Banks Just Give U.S. Shale A Carte Blanche?
(DBN)

Oil prices rise despite bearish inventory figures
(DBN)

Missiles Hitting Producer of 0.04% of Global Oil Rocks Crude • Oil futures leap after U.S. missile strikes on Syria • Oil prices jump 2% after US launches missile strike in Syria
(DBN)

SeaDrill Stock Slumps to a Record Low, Bankruptcy Fears Rise • Seadrill: End Game?
(DBN)

Oil bust claimed a third of service workers, but job market improving
(DBN)

Most Middle East oil producers are going to lose money this year
(DBN)

China's now the biggest importer of US crude oil
(DBN)

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Corporate Reform:

Trump's top economic adviser, a former Goldman Sachs executive, told senators he's in favor of a rule that would radically transform Wall Street
(DBN)

What 'Bring Back Glass-Steagall' Means to Left and Right
(DBN)

GOP makes case for firing consumer bureau chief
(DBN)

CFPB Director Cordray’s Testimony Gets Off to a Heated Start
(DBN)

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Nuclear:

The bankruptcy of a company in the midst of building two nuclear reactors could leave taxpayers on the hook.
(DBN)

Westinghouse Bankruptcy Leaves Costly Nuclear Mess for Southern Utility Customers
(DBN)

More Complexity For Toshiba's International Nuclear Business
(DBN)

With Westinghouse Bankruptcy , the Nuclear Energy Story Nearly Over
(DBN)

Japan and U.S. aren't discussing Westinghouse situation - Seko
(DBN)

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Autos:

U.S. judge to name former FBI director to oversee Takata restitution funds
(DBN)

This is the next subprime fear worrying investors
(DBN)

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Student Debt:

Bankruptcy , Morality & Student Loans: A Decade of Error in Undue Hardship Analysis
(DBN)

Public Defender who was Employed and Eligible for Public Service Loan Forgiveness Failed the Brunner Test to Discharge Student Loans
(DBN)

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Lehman:

Lehman floats RMBS settlement worth at least $1 billion
(DBN)

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Opera:

Fresno Grand Opera bankruptcy filing includes long list of creditors
(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 (12 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (9 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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Discharge:

Fine for illegal dumping can't be wiped out in bankruptcy , state says
(DBN)

Debtor Can Keep Unemployment Benefits in Bankruptcy
(DBN)

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Bankruptcy Reform:

Big Bank Bankruptcy Bill Clears U.S. House
(DBN)

House Bill Would Amend the Bankruptcy Code to Provide for the Resolution of Large Insolvent Financial Institutions
(DBN)

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Bankruptcy Fees:

Attorney Can't Get Filing Fees Paid Through Ch. 13 Plan
(DBN)

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Mediation:

Structured Dismissal Negotiations are Ripe for Mediation: Until the Supreme Court Upends Precedent
(DBN)

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TBTF:

Trump and Warren Agree? Maybe, on Plan to Shrink Big Banks • Top White House adviser Gary Cohn offers support for move that could break up big banks • Cohn Backs Wall Street Split of Lending, Investment Banks • Gary Cohn Is Either Trolling Elizabeth Warren Or Fixin’ To Screw Over Wall Street • Riding Cohn Momentum, Senators Call for Glass-Steagall Return • Happy Meals and Glass-Steagall
(DBN)

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Credit Reporting:

Credit Reports Don’t Have to Disclose Bankruptcy Plan
(DBN)

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Preclusion:

Res Judicata Does Not Bar Post-Confirmation Objection to POC
(DBN)

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Cross-Border:

Section 1521(a)(7)’s Restrictions Found Inapplicable to State Law Fraudulent Conveyance Actions
(DBN)

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Fraud:

3rd Circ upholds ex-NBA player's 9-year sentence for running $3.5 million Ponzi scheme
(DBN)

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Retailing:

Rue21 May Be Next Retailer To File For Bankruptcy • Report: Rue21 misses payments, heads toward bankruptcy • Rue21 Said to Ready Bankruptcy Filing as Soon as This Month
(DBN)

Amazon says it will hire 30,000 part-time workers over the next year • Amazon will create 30,000 part-time jobs, but Americans are desperate to work full-time
(DBN)

Troubled U.S. shopping-mall retailer stocks rally after L Brands' sales report
(DBN)

Sears Holdings Could End Up In Ch.7 Bankruptcy, Not Ch.11
(DBN)

These Eight Retailers Will File For Bankruptcy Next, According To Fitch
(DBN)

Payless can meet payroll, critical vendor bills, judge says • Payless Provides Lesson On Retail Restructuring
(DBN)

Dog attacks on mail carriers are surging, and online shopping may be a factor
(DBN)

Family Dollar Sues Spinoff Stores Over Unpaid Invoices
(DBN)

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Awards:

Greenberg Traurig’s Keith J. Shapiro Presented with Lifetime Achievement Award from Emory Bankruptcy Developments Journal
(DBN)

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Debt Collection:

Court Rules FDCPA Statute of Limitations Begins When Violation is Discovered
(DBN)

$1.90 Can’t Buy You an FDCPA Violation
(DBN)

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Bankruptcy Crimes:

Grand Jury Returns 12-Count Indictment Charging Diehl In Bankruptcy Fraud Case
(DBN)

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UK:

Insolvency Service pursues Chappell over BHS collapse probe
(DBN)

Insolvency Rules 2016: Decision Making
(DBN)

Can We Work It Out? : An Overview of the Pre-Action Protocol for Debt Claims
(DBN)

Bankrupcy and hire purchase agreements
(DBN)

U.K. industrial output undershoots forecasts
(DBN)

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PIIGS:

Tsipras confident of deal at Eurogroup, lenders less so
(DBN)

Greeks still hostile to reforms despite economic depression
(DBN)

Greece's dark age - how austerity turned off the lights • Greece, creditors close in on bailout deal • Greece, creditors reach breakthrough in bailout talks • Greece strikes deal with EU creditors over reforms • Greece Bailout Deal Said to Be a Step Closer as Ministers Meet
(DBN)

The scale of Greece's economic problems
(DBN)

Spanish Court declares unlimited liability mortgage clause void
(DBN)

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Canada:

Yukon woman on EI runs up $1M tax bill, declares bankruptcy
(DBN)

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Brazil:

Chances of intervention in Oi increase as time passes -Brazil minister
(DBN)

Odebrecht Bonds Are Both the Best and Worst in Brazil
(DBN)

Rio Olympics Can't Pay Debts, Offers Used Air-Con Units Instead
(DBN)

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Croatia:

Croatia: Special law in bid to help failing private giant • Croatia Law Experts Doubt 'Agrokor Law' is Constitutional
(DBN)

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France:

An update on French insolvency law
(DBN)

In France's version of America's Rust Belt, voters are flocking to the far right
(DBN)

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BVI:

Recognition of foreign insolvency proceedings and foreign insolvency practitioners in the BVI
(DBN)

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India:

Indian, foreign creditors to be equal under new insolvency provisions
(DBN)

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China:

China's Banks Are Still in Trouble
(DBN)

Traders Are Worried About China Local Government Debt Again
(DBN)

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Singapore:

Singapore Enacts New Corporate Bankruptcy Law to Promote International Debt Restructuring
(DBN)

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