August 11, 2017

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Big Law Firms Are 'Poorly Run Businesses,' Says Ex-Heavy Hitter
(DBN)

Generous Parental Leave Policies Spreading in Law Firms
(DBN)

Value of Firm Equity Tackled in Big Law Partner's Divorce Case
(DBN)

Baker McKenzie Latest Large Firm Seeking Wealth in the Windy City
(DBN)

Big Law & the Battle for Market Share
(DBN)

Reduction in law school applications result in favorable upsides for some
(DBN)

How Pharma Giant GSK Got Tough on Fixed Fees - "No hourly billing, no shadow invoices, no nothing"
(DBN)

Dewey ex-partners urge mercy for former CFO
(DBN)

Dallas Plaintiffs Lawyer Arrested After Allegedly Attacking People at Valet Stand
(DBN)

Texan law firm uses jet as office
(DBN)

Are Law Firms to Blame for DC's Office Space Glut?
(DBN)

Cheesy Advice Given to Female Struggling to Make Partner at Law Firm
(DBN)

Lawyers Share Their Deepest Secrets Anonymously On Twitter
(DBN)

Lawyers could face prosecution over sanctions reporting in the UK
(DBN)

U.S. News Law School Rankings: Part-Time Applicants
(DBN)

More Justifications For Going To Law School
(DBN)

The GRE Is Shaking Up Law School Admissions
(DBN)

Amid Criticism, ABA Pulls Back On Change To How Law Schools Report Jobs
(DBN)

Fired Google engineer: memo based on "scientific evidence"
(DBN)

How the Net destroyed democracy | Lawrence Lessig
(DBN)

3 tips for using an iPad in a law practice
(DBN)

The Apple Watch And Women Lawyers: The Perfect Match
(DBN)

Asians have to score a hundred and forty points higher on the S.A.T. than whites to have the same chance of admission to top universities
(DBN)

These Are the Best and Worst Ways to Start an Email
(DBN)

When Prisoners Are a 'Revenue Opportunity'
(DBN)

The In-House Debbie Downer
(DBN)

‘All The Beautiful People We Once Knew’ Skewers Life In Biglaw
(DBN)

U.S. judge deals blow to Texas’ ‘sanctuary city’ law
(DBN)

NY district attorneys get some 644K outstanding warrants for minor offenses dismissed
(DBN)

Trump Has Experienced Lawyers, So Why Aren’t They Running This Like A Real Legal Matter? As Mueller Assembles an All-Star Legal Team, Trump Improvises
(DBN)

Wilmer Ends Work for Manafort as Ex-Partners Press Russia Probe Manafort drops WilmerHale, hires new legal team after FBI raid
(DBN)

Mueller Left Millions in Salary, Speeches to Lead Russia Probe
(DBN)

It Is Time For Rod Rosenstein To Recuse Himself
(DBN)

Associate Killed In Tragic Train/Car Collision
(DBN)

Google Memo Sparks Questions about Legal Technology's Gender Gap
(DBN)

Admit This Ex-Con to the Connecticut Bar
(DBN)

Must DOJ lawyers follow state ethics rules? New Mexico asks SCOTUS to decide
(DBN)

Alleged Lamppost Thief Has Trouble With Getaway
(DBN)

Woman fired after being pregnant at wedding may sue NYC synagogue
(DBN)

HBO is reportedly trying to get $250,000 in bitcoin to pay hackers who stole 'Game of Thrones' scripts A look inside the HBO hack. “Hollywood is under siege”
(DBN)

AL: Student Teacher Sex Law Unconstitutional
(DBN)

Court Orders Billionaire Khosla to Reopen Beach to Public
(DBN)

Ex-QVC executive sues matchmaking service after lawsuit over $150,000 fee that landed her string of bad dates
(DBN)

Woman sues elite dating agency after string of disastrous matches
(DBN)

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Judges:

Why Aren't More Lead Counsel Women? Here Are Former Federal Judge Shira Scheindlin's Thoughts
(DBN)

Federal Judge's Incentive Gives Women Lawyers More Speaking Roles in Court
(DBN)

The ‘No-Nonsense’ Judge Who Could Decide Trump’s Fate
(DBN)

Judge Blasts Uber's 'Jaw-Dropping' Waiver of In-House Privilege in Waymo Feud
(DBN)

Judge who wore a Trump hat faces suspension or removal from office
(DBN)

Supreme Court Justices Write More Than Just Opinions
(DBN)

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Wall Street:

S&P 500 poised for worst week since November as global tensions persist
(DBN)

Dow, S&P 500, Nasdaq log worst session since May, close lower for 3rd straight day
(DBN)

Volatility spikes as markets across the world continue to slide on North Korea tensions
(DBN)

Here’s Why Trump Deserves Credit for the Stock Market Surge
(DBN)

Dow, S&P 500, Nasdaq threaten to all log 3rd straight loss for first time since April
(DBN)

Wall Street’s ‘fear gauge’ nears 3-month high as ‘fire and fury’ sparks stock-market slump
(DBN)

Why Goldman Sachs Seized a Client's 217-Foot Yacht
(DBN)

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Layoffs:

Capital One eliminates 400 call center jobs
(DBN)

Allstate quietly lays off 500
(DBN)

NRG to use contract workers at local power plants after layoffs
(DBN)

Thousand of jobs at Asda are at risk as supermarkets swing the axe
(DBN)

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Politics:

Trump Thanks Putin for Expelling US Diplomats; Cuts Down Our Payroll
(DBN)

Trump may have escalated the North Korean conflict by using one of his favorite rhetorical crutches What Trump Needs to Know About North Korea's History North Korea calls Trump's 'fire and fury' threat 'absolute nonsense' North Korea Answers Trump's Vague Threats With Specific Ones How to Take Down Kim Jong Un Why North Korea Is Threatening Guam How Ronald Reagan would have dealt with North Korea Kim Jong Un is trying hard to frighten two places in particular, and he's not fazing either one Trump’s North Korea reaction ‘especially dangerous,’ says Susan Rice How to Deal With North Korea On threats from North Korea 82% of Americans fear nuclear war with North Korea Gen. Wesley Clark: There's only one option for handling North Korea nuclear threat now Turnbull: Australia will 'come to the aid of the United States' if North Korea attacks Why the Escalating Threats Between Trump and Kim Won’t End in War Chinese state newspaper calls for China to remain neutral if North Korea strikes America Graham: Trump told me he's willing to preempt North Korea China Warns Trump's War of Words Could Spiral Out of Control Susan Rice: Trump is approaching a 'very real challenge' with North Korea Trump: Maybe 'fire and fury' statement on North Korea wasn't tough enough
(DBN)

'Country, President, Self': John Kelly told White House staff to put the country before the president
(DBN)

Gorka Slams Tillerson Over Comments?
(DBN)

Mueller Closes In on Manafort Is Bob Mueller Trying to Break Paul Manafort? Paul Manafort blew the whistle on Don Jr’s secret Russia meeting: report With Bank Subpoenas, Mueller Turns Up the Heat on Manafort Manafort just switched to a law firm that specializes in financial crimes
(DBN)

Mitch McConnell and Trump’s unlucky number 13 Trump's feud with Mitch McConnell 'is breathtaking in its dysfunctionality' Trump attacks Mitch McConnell again, tweets he should 'get back to work' Trump won't rule out asking Mitch McConnell to resign if he doesn't deliver on the GOP agenda Trump attacks on McConnell won’t improve his weak showing in Congress GOP Pushes Back Against Attacks on McConnell
(DBN)

The Democratic Party’s Looming Fundraising Crisis
(DBN)

Judge: Find More Clinton Benghazi Emails
(DBN)

Trump’s Web of Companies May Have a Way to Avoid the Obamacare Tax
(DBN)

Job seekers urge Trump to hire American at Mar-a-Lago
(DBN)

Trump D.C. hotel turns $2 million profit in four months
(DBN)

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Economy:

Weekly Initial Unemployment Claims increase to 244,000 Unemployment claims higher than expected as labor market continues to tighten
(DBN)

Republican Optimism Drives Record-High Job Market Perceptions
(DBN)

Janet Yellen is getting the wrong message from a stubborn soft spot in the job market
(DBN)

US producer prices post biggest drop in 11 months
(DBN)

Why central bankers are so confused by low prices
(DBN)

Important inflation data is next up for jittery markets
(DBN)

Trump Risks Bringing Back a Dud in 1980s-Era U.S. Trade Weapon
(DBN)

The rise of populism shouldn’t have surprised anyone
(DBN)

This is the new American dream
(DBN)

Jim Rogers: Biggest Crisis Less Than Year Away
(DBN)

Are Index Funds Strangling The Economy?
(DBN)

Trump's immigration plans would wipe out 1.3 million jobs in a decade, according to his alma mater Immigration Plan to Cost 4.6 Million Jobs Trump's Big Mistake on Immigration Agenda
(DBN)

Dairyland Suffers Under Immigration Plan
(DBN)

Trump doesn’t realize his tax plan is actually impossible
(DBN)

Millennials are set to inherit record wealth — and the way they manage it will be unprecedented
(DBN)

Report confirms 2016 was hottest year on Earth — third record-breaking year in a row
(DBN)

Millennials are wasting home down payments on bachelor blow outs
(DBN)

Why there’s so much inequality in big U.S. cities
(DBN)

Wisconsin Questions Giveaways for Foxconn
(DBN)

This could be ‘the scariest chart in the financial markets right now’
(DBN)

Hotels: Occupancy Rate Down Year-over-Year
(DBN)

The Best and Worst Performing Sectors in 2017
(DBN)

Wall Street’s ‘fear gauge’ nears 9-month high as ‘fire and fury’ sparks stock-market slump
(DBN)

Pimco warns of ‘rich’ valuations in risky assets, joining chorus of caution
(DBN)

Number of Americans Caught Underpaying Some Taxes Surges 40% --Tax Report
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Fannie and Freddie: REO inventory declined in Q2, Down 30% Year-over-year
(DBN)

Texas Tax Purchaser’s Rights Cannot Be Modified
(DBN)

Mortgage rates show little movement during summer lull
(DBN)

Investors Lose Again In Fraud Suit Against 'Foreclosure King'
(DBN)

Millions of poor families could benefit from housing aid Trump wants to cut
(DBN)

Midyear Multifamily Update: Too Much Apartment Construction, or Not Enough?
(DBN)

Here’s where homeowner inequality is starkest… and where it’s more livable
(DBN)

The Foreign Buyers You Haven’t Heard About
(DBN)

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Municipalities:

Young Latino Mayor Brings Back Rhode Island City From Bankruptcy
(DBN)

Chicago is doomed to become a 'municipal black hole'
(DBN)

Illinois Misses School-Funding Payment as Leaders Remain Deadlocked
(DBN)

Bankruptcy Looms in Hartford
(DBN)

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Oil/Gas:

Bigger but fewer bankruptcies for services in 2017 Oil bankruptcies slow dramatically this year
(DBN)

North American Oil Patch Bankruptcies Dwindle This Year
(DBN)

Fri.: Oil Futures Point To Higher Oil Prices
(DBN)

Oil prices fall as OPEC hikes production, Russia mulls output boost OPEC Deal In Jeopardy As Exempted Nations Boost Output Oil market re-balancing underway but non-OPEC expansion continues, IEA says OPEC Sees Higher 2018 Oil Demand, Points To Easing Glut
(DBN)

OPEC Finally Catches a Break
(DBN)

Chicago Bridge & Iron’s stock plunges as company takes action to ‘stay alive’
(DBN)

Venezuela's Crisis: Is It The Long Awaited Catalyst For Higher Oil GOP senators ask Trump to hold off on Venezuelan oil sanctions
(DBN)

Breitburn Energy Partners says bankruptcy court enters order authorizing debtors to enter into swap agreements with certain dip lenders?
(DBN)

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Retailing:

Macy's, Kohl's sales declines raise turnaround concerns Macy’s, Kohl’s earnings are less terrible than feared
(DBN)

Walmart's latest strategy confirms the death of the American middle class as we know it
(DBN)

Retail apocalypse continues at department stores
(DBN)

Payless closed 900 stores - and now it's trying to make a comeback
(DBN)

S**-shop chain Peekay files for Chapter 11 New Chapter 11 Filing – Peekay Acquisition, LLC First Day Dec
(DBN)

Bachrach Men's Stores to Exit Bankruptcy Soon
(DBN)

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Tech:

SoundCloud asks investors to support rescue deal
(DBN)

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Nuclear:

South Carolina Gov., utility think sale could keep abandoned nuclear plant alive
(DBN)

Vogtle decision already roiling regulators
(DBN)

Is This $25 Billion Nuclear Project A Go?
(DBN)

Utility pays bonuses to execs before nuclear project fails
(DBN)

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Coal:

Coal company cancels plans to go public
(DBN)

West Virginia governor wants to sell Trump on a $4.5 billion coal bailout by calling it a “homeland security initiative”
(DBN)

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Mail:

Postal Service: More red ink, missed payments as mail slumps Postal Service likely to default on $6.9 billion benefits payment
(DBN)

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Fraud:

Ex-Nomura trader says he's more like a car salesman than a fraudster
(DBN)

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Pensions:

More CalPERS Retires Get Huge Pensions
(DBN)

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Radio:

Change in tune from iHeartMedia creditor Report: Big iHeart Creditor is Ready to Deal
(DBN)

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New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (34 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (8 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)

2017 Best Practices Seminar (U.S. Bankruptcy Court, Western District of Michigan)
(DBN)

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Bankruptcy Statistics:

BK MN: Updated Filing Statistics
(DBN)

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Litigation:

Discovery Spoliation Saga Continues in Delaware
(DBN)

Court Rejects Joint–Prosecution Privilege Between Company and USAO
(DBN)

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Ch. 13:

Chapter 13 Cases Closed, Fiscal Years 2010-16
(DBN)

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Recharacterization:

Supreme Court Rescinds Consideration of Case on Recharacterization of Debt SCOTUS rescinds grant to hear Ch. 11 debt rebranding case
(DBN)

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Mediation:

Omission of Mediators and Other “Masters” from Federal Bankruptcy Rules is the Result of Haste and Error?!
(DBN)

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Bankruptcy Rules:

Advisory Committee On Bankruptcy Rules Schedules Hearings For Amendments To FRBP 2002, 4001, 6007, 9036 and 9037
(DBN)

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Autos:

Takata Parent's Bankruptcy Reveals Big Monthly Litigation Fees
(DBN)

The death of the internal combustion engine
(DBN)

Consumers may buy fewer cars in areas served by Uber and Lyft
(DBN)

Is Tesla Trying to Scam the Junk Bond Market?
(DBN)

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Student Debt:

New legal thriller from John Grisham to explore student debt
(DBN)

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Personal Finance:

How much you need to save per paycheck to retire by 40
(DBN)

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Healthcare:

Why loneliness is more dangerous than obesity
(DBN)

Trump to declare the opioid crisis a national emergency
(DBN)

Oregon county sues drugmakers for $250 million over opioids
(DBN)

Trump Officials' New ObamaCare Reality
(DBN)

The big divide on health care's next steps
(DBN)

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Banking:

As scandals mount, Wells Fargo may shuffle board
(DBN)

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Food/Beverage:

New Belgium leads effort to rescue San Francisco beer maker out of bankruptcy for $2.7 million
(DBN)

As Many as 160 Applebee's and IHOPs to Close
(DBN)

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Workouts:

Healthcare, Retail, Energy to Fuel Restructurings
(DBN)

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Education:

Trustee prepares for next round in ITT bankruptcy
(DBN)

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Gambling:

Nevada Gaming Regulators Give Caesars Go-Ahead on Post-Bankruptcy Plan
(DBN)

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UK:

Shearman admits error as Freshfields bombs on trainee retention
(DBN)

200 ex-KWM staff offered less than £4k each for breach
(DBN)

Approaching a cliff edge? British business begs for clarity after Brexit maelstrom
(DBN)

The City of London is going to suffer with or without a Brexit transition deal
(DBN)

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PIIGS:

Italian millionaire who boasts about outrageous lifestyle mocked over 'yacht seizure'
(DBN)

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Canada:

'This is how bridezillas are hatched': Bridal retailer files for bankruptcy
(DBN)

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Malaysia:

Malaysian Government Official Calls For Atheists To Be “Hunted Down”
(DBN)

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Poland:

Corporate Restructurings gaining ground in Poland
(DBN)

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Czech Republic:

Amended debt-relief legislation brings numerous limitations not only to creditors
(DBN)

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India:

The New Indian Bankruptcy Code; Six Months On.
(DBN)

Delay in NPA resolution hits banks' lending, says Jaitley
(DBN)

Bank NPAs rose significantly in first half of 2017: Ficci-IBA survey
(DBN)

Now, an insurance cover for insolvency professionals
(DBN)

______________

Venezuela:

'Donald Trump, here is my hand': Venezuela's Maduro calls for talks with Trump
(DBN)

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China:

China's economic problems are exactly why its global influence is expanding
(DBN)

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MENA:

Dana Gas Sukuk: A red herring or cause for concern?
(DBN)

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