August 18, 2017

The Daily Bankruptcy News

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Law:

Biglaw Leaders Denounce Trump’s Repulsive Rhetoric On Charlottesville
(DBN)

Jewish Lawyers in Trump Orbit Stay (Mostly) Silent After Charlottesville Your Move, Trump Lawyers. The Country Is Watching
(DBN)

Protest Is Legal. Intimidation Is Different.
(DBN)

K&L Gates Adds Boston Restructuring and Insolvency Partner
(DBN)

Law Firms Still Terrible at Business Development, Survey Finds
(DBN)

Trump’s lawyer forwards email that ‘validates’ president’s stance on Charlottesville
(DBN)

New York lawyer accused of bomb threat on same day of sanctions hearing to plead guilty
(DBN)

Power Niche Marketing: If You Want to Get Rich, Own A Power Niche
(DBN)

It’s Okay To Be The Office Lingerer
(DBN)

Beyond the Hype in AI: Implementing and Maintaining Artificial Intelligence FTW
(DBN)

ABA Creates Fact Checker Website For Legal Issues in the News
(DBN)

Arkansas can block Medicaid funding to Planned Parenthood, 8th Circuit rules
(DBN)

Fired lawyer who set up fake Match.com profile of female attorney cited by disciplinary board
(DBN)

Man Pulled Out Fake AR-15 Because Friend Was Denied Ice Cream, Cops Say
(DBN)

Driver Caught on Video Running Right Over Man in Parking Lot in Reported Road Rage Incident
(DBN)

Sisters whose vehicle was hit at Charlottesville rally file $3 million lawsuit
(DBN)

‘It is our patriotic duty as Americans to stand up to bigotry,’ ABA president says
(DBN)

Take A Stand To Be On The Right Side Of History
(DBN)

FBI agents went undercover in Florida's capital for the 'biggest investigation in years'
(DBN)

Firm discriminated against partner with cancer
(DBN)

Texas about to Legalize Open Carry of Big Knives/Swords
(DBN)

How insurance companies use a Florida law to get undocumented immigrants arrested and deported when they're injured on the job
(DBN)

Sheriff David Clarke is being sued by family of an inmate who died after not receiving water for a week
(DBN)

Firm begs for rotten chicken work
(DBN)

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Judges:

Former Federal Judge Donated To White Supremacist Cause
(DBN)

Judge Judy Allows Dog To Decide Animal Custody Case For Her
(DBN)

Federal Judicial Nominations: A Quick Recap
(DBN)

The 40-Year-Old SCOTUS Clerk
(DBN)

Judge Scheindlin on ‘Gender Disparity’ and Imbalance in Big Law (Podcast)
(DBN)

Judge Quits Over Facebook Posts Ripping Protesters of Confederate Monuments in Charlottesville
(DBN)

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Wall Street:

Dow faces biggest 2-week drop in nearly a year
(DBN)

World stocks skid as US politics, Spain attack hit sentiment
(DBN)

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Layoffs:

Third Circuit Holds No Need to Warn Under WARN ACT Unless Circumstances Causing Layoff Are Probable
(DBN)

Third Circuit Holds That Layoffs Must Be Probable (Not Just Possible) for WARN Act Liability
(DBN)

Of Spoiled Milk—Warnings That Should and Should Not Have Been Issued: Another Take on the Potential for Management and Controlling Shareholder Liability Related to an Insolvent Company’s WARN Act Violations
(DBN)

‘Smokey and the Bandit’ Charm Fades as Truck Driver Hiring Lags
(DBN)

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Politics:

Trump says he's sad to see 'beautiful' Confederate statues being removed Hate in America: 3 devastating magazine covers on CharlottTBT: When Donald Trump Personally Destroyed Beautiful and Irreplaceable Statues Fox CEO James Murdoch slams Trump and hate groups, pledges $1 million to ADL On Confederate monuments, the public stands with Trump Trump Course Honors Fake Civil War Battle ‘Can’t change history’: Trump sides with white nationalists and praises ‘beautiful’ Confederate statues Richmond, Virginia — the 'capital of the Confederacy' — is considering removing its massive Civil War monuments Which Ones Will Fall Next? Vandals strike statue of Confederate General Robert E. Lee at Duke University MD: Taney Statue Removed from State House Trump decries monument removals, 'history ripped apart' Poll: 67% of Republicans agree with how Trump handled Charlottesville Trump Is Right: I’m Desperately Trying To Erase His Disgusting Culture Democrats move to formally censure Trump over Charlottesville Trump's top advisers are reportedly 'despondent and numb' and unsure how his presidency will recover after Charlottesville Economist cover shows Trump speaking with KKK hood Donald Trump has no grasp of what it means to be president Tina Fey returns to SNL armed with cake to take down Trump and 'chinless turds' in Charlottesville LSU Tells Richard Spencer He's Not Welcome Trump’s Charlottesville response falls flat with the public—and with his working-class base Trump’s Embrace of Racially Charged Past Puts Republicans in Crisis Trump Doesn't Realize How Bad It's Getting Trump's 7 months of self-destruction Trump Disgusts Republicans. What Are They Going to Do? RNC Chair: No Room for Hate in Our Party
(DBN)

Is Trump Now a Lame Duck President?
(DBN)

After Backing Alt-Right in Charlottesville, A.C.L.U. Wrestles With Its Role
(DBN)

GOP Sen. Corker: Trump has not shown 'stability' or 'competence' he needs to be successful
(DBN)

Crowds Of People Turn Themselves In to Police For Tearing Down Confederate Statues
(DBN)

No Mr. Trump, Gen. Pershing Didn't Do That Trump promotes unfounded story about mass killing of terrorists
(DBN)

Trump’s remarks spark questions about staff
(DBN)

Phoenix Mayor to Trump: Please Don't Come
(DBN)

Big Companies Failed to Report Contributions to Trump Inaugural
(DBN)

Cleveland Clinic cancels plans for gala at President Trump’s Mar-a-Lago
(DBN)

Contrary to Trump's claims, FBI agents consistently held James Comey in high regard
(DBN)

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Retailing:

Sears Canada exec wants to buy the bankrupt retailer
(DBN)

Walmart's Online Sales Soar as It Seeks to Catch Amazon
(DBN)

Does Amazon Pay Taxes? Contrary to Trump Tweet, Yes
(DBN)

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Corporate Reform:

'Simply doesn't cut it': Elizabeth Warren slams Wells Fargo's board changes
(DBN)

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Solar:

In A Solar Trade War, Who Wins?
(DBN)

A trade dispute threatens America’s booming solar industry
(DBN)

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Lehman:

Lehman Brothers Inc. Trustee Reports on Substantial Progress in Winding Down Estate
(DBN)

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Marijuana:

Navigating the Hazy Status of Marijuana Banking
(DBN)

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Economy:

Weekly Initial Unemployment Claims decrease to 232,000
(DBN)

The Fed just fired off a stark warning — and it highlights one of the biggest risks for stocks
(DBN)

Low yields are warning Fed to think twice on rate hike: Kaplan
(DBN)

Banks are cutting back on lending to the riskiest borrowers
(DBN)

Cohn to Remain in White House Economic Post, Official Says
(DBN)

Philly Fed Manufacturing Survey "region continued to advance" in August
(DBN)

Industrial Production Increased 0.2% in July
(DBN)

US household debt passes recession peak Aggregate Consumer Debt Increased in Q2 2017
(DBN)

Consumer Spending Levels Out in June
(DBN)

Millennials are financing everything from bed sheets to concert tickets
(DBN)

How America's Most Prominent CEOs Decided to Ditch President Trump President Trump’s Religious Advisory Council stands firmly with him Corporate America has drawn its red line: Pandering to Nazis isn’t worth a tax cut These CEOs stuck by Trump as others defected. Then he dumped them.
(DBN)

When renegotiating NAFTA, Trump should re-evaluate his premises on international trade On the Sidelines of the NAFTA Talks Trump's NAFTA talks have major implications for countries on the other side of the world
(DBN)

Steve Bannon will crash our economy if no one stops him In light of Bannon's interview, revisit China's clearest warning to Trump since his election Steve Bannon thought he wasn't giving an interview? Steve Bannon, Unrepentant
(DBN)

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

There are only 7 states with minimum wage above $10 an hour
(DBN)

Trump Fact Check: Wages "haven’t gone up for a long time."
(DBN)

Who is out of the labor force?
(DBN)

$3 billion tax-incentive deal for Foxconn advances in Wisconsin
(DBN)

A total eclipse of worker productivity on Aug. 21 will cost companies millions
(DBN)

Team Trump losing Gary Cohn could crash the stock market, warns Yale professor Analysis: Gary Cohn faces worst dilemma of his career
(DBN)

U.S. Business Sectors Gain or Hold Steady in Public Esteem
(DBN)

Republicans will 'take whatever it is they can get' on taxes: Former Wal-Mart US CEO WH Tax Cuts More Regressive Than Thought Trump Tax Reform Could Boost Cost of Pension Risk Transfers Tax Reform Discussions Center Around Anti-Base Erosion Rules
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

BofA To Shell Out Over $6M To Evicted Bankrupt Couple Bank of America to Pay $6 Million to Bankrupt Couple Evicted From Home
(DBN)

Fixed mortgage rates continue their slide, falling to two-month lows
(DBN)

To Sell an $80 Million House, Its Owners Raise the Price
(DBN)

Cleveland Now Leads U.S. Cities for Seriously Underwater Homes
(DBN)

FHFA: HARP extended through 2018
(DBN)

Abandonment of Acceleration
(DBN)

Cash home sales increase as competition heats up
(DBN)

Here are 6 ways for you to win a loan-backed bid in a sea of cash buyers
(DBN)

Realtors predict California housing market headed for a slowdown
(DBN)

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Municipalities:

Strangling Puerto Rico in Order to Save It
(DBN)

Aurelius hedge fund seeks to toss Puerto Rico's bankruptcy filing
(DBN)

We've Sentenced Puerto Rico to a Greece-Like Economic Catastrophe
(DBN)

Education decline imperils gains in Michigan
(DBN)

One way short of bankruptcy to stabilize Chicago's schools
(DBN)

Major RI Pension System Files for Bankruptcy
(DBN)

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Oil/Gas:

Third Circuit Ruling Impacts Oil & Gas Industry
(DBN)

Upstream Producers Affected by Appeals Ruling
(DBN)

Are Investors Bailing On U.S. Shale?
(DBN)

Citi: U.S. Shale Beats OPEC At $40 Oil
(DBN)

Oil Closes Near $47 as Traders Assess US Stockpiles, Output
(DBN)

Seadrill Partners Successfully Insulates Itself From Its Parent's Impending Bankruptcy Seadrill Partners: The News Spells Out A Final Resolution At Hand For Seadrill
(DBN)

Oil Prices Rise As Saudi Exports Hit 33-Month Low
(DBN)

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Food/Beverage:

Bruegger’s wins approval to buy former Upstate NY franchises Upstate Bruegger's stores to be sold for $4.6 million
(DBN)

Joe's Crab Shack: The great, shrinking seafood chain Tilman Fertitta wins Joe's Crab Shack in bankruptcy court
(DBN)

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Non-Profits:

UW-Oshkosh to file for bankruptcy in wake of controversy Troubled UW-Oshkosh Foundation files for bankruptcy, blaming 'flip flop' by Regents Taxpayers could be on hook as UW-Oshkosh Foundation files for bankruptcy in wake of scandal
(DBN)

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Celebs:

'RHONJ' star Jacqueline Laurita's home back in foreclosure, up for sale
(DBN)

Teresa Giudice bankruptcy settlement talks break down, lawyers charge 'bad faith'
(DBN)

F. Lee Bailey Files Chapter 13 In Portland Maine – Chapter 13 Trustee Annoyed
(DBN)

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Healthcare:

We Already Have Socialized Medicine
(DBN)

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Hollywood:

Ryan Kavanaugh Hit With Fraud Suit From Relativity Investor Relativity Investor Claims Ryan Kavanaugh Swindled Him Out of $2 Million
(DBN)

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Nuclear:

Georgia Regulators Seek More Information on Vogtle Expansion
(DBN)

Southern in Talks on Expanded U.S. Guarantees to Aid Vogtle
(DBN)

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Newspapers:

Rogoff to bankruptcy judge: ‘Don’t know, can’t remember, don’t recall, can’t say’
(DBN)

Bankruptcy judge allows ADN to pay carriers but paper's future remains at risk
(DBN)

ADN bankruptcy hearing to continue Friday
(DBN)

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Fraud:

Fantastic jury transcripts reveal contempt for fraudster
(DBN)

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New Bankruptcy Opinions
(6 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (33 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)

Twenty-Second Annual Bankruptcy Conference
(DBN)

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Bankruptcy Statistics:

BK NV: Updated Filing Statistics
(DBN)

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TBTF:

Prudential Is Plotting Its Escape From Fed's Tough Oversight
(DBN)

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Automatic Stay:

No Automatic Stay for Fraudulent Crawfish Caper
(DBN)

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Bankruptcy Rules:

Proposed Bankruptcy Rule Changes Ready for Public Comment
(DBN)

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SCOTUS:

Supreme Court Won’t Hear Bankruptcy Debt-Equity Case After All
(DBN)

U.S. Supreme Court Dismisses Writ in Recharacterization of Debt Proceeding
(DBN)

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Environmental:

Ninth Circuit Addresses Finality Requirements for CERCLA Contribution Actions
(DBN)

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Arbitration:

Arbitration And Bankruptcy: A Tug Of War
(DBN)

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Abandonment:

6th Cir. Holds Debtors Could Compel Abandonment of Home If Little Equity Available
(DBN)

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Priority Claims:

The Liquidating Fiduciary Exception and Administrative Status
(DBN)

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Autos:

GM Is Accused of Derailing $1 Billion Accord With Plaintiffs
(DBN)

GM creditor trust drops settlement with ignition switch plaintiffs
(DBN)

GM Thwarts Plaintiffs' $1 Billion Accord With Old GM Trust
(DBN)

GM Reaches Deal With 'Old GM' Trust on Ignition-Switch Defense Costs
(DBN)

Car owners' lawyers accuse GM of threats in ignition switch deal
(DBN)

Shell of Old G.M. Surfaces in Court Fight Over Ignition Flaw
(DBN)

Millionaire Sues Tesla to Spotlight Atrocious Customer Service
(DBN)

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Electricity:

Warren Buffett stands ground in showdown against Paul Singer
(DBN)

In Battle Over Texas Utility, Elliott Is Grasping at Straws
(DBN)

Elliott Buys Debt in Its Latest Move to Block Berkshire's Oncor Bid
(DBN)

California Gas-Fired Power Plant Files for Bankruptcy
(DBN)

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Student Debt:

Average student debt doubles in a decade
(DBN)

Regulators propose $183M settlement with student loan firm
(DBN)

AG obtains $7 million in debt relief for nearly 2,000 Washington student borrowers Attorney General Shapiro Announces $6.7 Million in Debt Relief for PA Students at For-Profit Colleges
(DBN)

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Credit Reporting:

A Practical Approach to Defending Fair Credit Reporting Act Class Actions in Federal Court
(DBN)

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UK:

Rights Of Foreign Currency Creditors In English Insolvency Proceedings
(DBN)

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EU:

Van plows into crowd in Barcelona tourist area, police confirm multiple fatalities
(DBN)

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PIIGS:

Attacker drives van into Barcelona crowd; 12 dead, 80 hurt ISIS claims responsibility after van plows into crowd on busy Barcelona street leaving 13 dead Police hunt Barcelona terror driver Spanish Police Kill Suspects in Second Attack Spain: Five Suspects Killed After Twin Attacks Barcelona Suspect Oukabir Arrested
(DBN)

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Canada:

Creditor group wants to sue Sears executives, board
(DBN)

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Germany:

Lufthansa to get first shot at bidding for insolvent Air Berlin Air Berlin's insolvency could open way for Lufthansa to add new hubs for inter-continental flights Air Berlin insolvency to hit staff and clients Air Berlin assets to go to more than one buyer - German gov't official Lufthansa wants up to 90 Air Berlin aircraft Jens Flottau discusses Air Berlin bankruptcy Air Berlin postpones financial results after filing for bankruptcy Airline investor Woehrl interested in Air Berlin German gov't not involved in Air Berlin talks - economy ministry Union says Air Berlin's Niki Airlines future is unclear
(DBN)

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India:

Homebuyer woes: Bankruptcy board revises norms for claims Worried owners of undelivered flats get relief as Insolvency Board revises norms for claims How to help bankrupt realtor's customers Insolvency regulator empowers homebuyers, puts them on a par with creditors Answers to some of the questions troubling Jaypee homebuyers
(DBN)

Will companies declared insolvent be out of RERA's ambit?
(DBN)

Indian government's promise to the people is too big to let them down: EY CEO
(DBN)

______________

China:

China's new problem: 'Frenzy' of consumer lending creates debt 'explosion'
(DBN)

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Venezuela:

Police believe thieves steal Venezuela zoo animals to eat them
(DBN)

Bank jitters over Venezuela stall oil delivery to U.S. refiner
(DBN)

Venezuela is Like... PDVSA's Alter Ego, and Vice Versa?
(DBN)

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