August 2, 2017

The Daily Bankruptcy News

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Law:

Quinn Emanuel And Williams & Connolly Are In Talks Quinn Emanuel says it’s had ‘very preliminary’ merger talks with Williams & Connolly Quinn Emanuel, Williams & Connolly downplay reports of merger talks
(DBN)

Skadden Partner Tapped as Trump Trade Rep Discloses $2.3M Partner Share
(DBN)

The 2017 GC Compensation Survey
(DBN)

Kirkland Partner Survives Gunshot Wound During Turks and Caicos Getaway
(DBN)

Winston Hires 9 Partners from Norton Rose Fulbright
(DBN)

As Clients Get Tougher on Diversity, Some Firms See a Selling Point
(DBN)

ABA's Suit Over Loan Forgiveness Is Bogus, Says Dept. of Ed.
(DBN)

Microsoft wants to shift 90 percent of its legal work to an alternative fee structure in the next 2 years
(DBN)

Trump names ex-DOJ, Sidley Austin atty as DOI solicitor
(DBN)

Baker McKenzie's Revenue, Profits Nudge Up Amid Global Uncertainty Baker McKenzie Announces Record Global Revenues of $2.67 Billion
(DBN)

Lawyers must take reasonable steps to protect client info in US border searches, ethics opinion says
(DBN)

Senate overwhelmingly approves BigLaw partner Christopher Wray as new FBI director Senate breaks logjam to OK new FBI chief
(DBN)

California Bar Cut Score Continues To Draw Controversy
(DBN)

The dos and don’ts of office attire, according to 2 professional stylists
(DBN)

5 Tips On How To Avoid Your Own Wells Fargo Moment
(DBN)

Reed Smith Re-Elects Managing Partner
(DBN)

Pro Se Plaintiff Asks For Expenses For A Pizza Party As Discovery Sanction, Gets Them
(DBN)

DEA chief slams Trump's police remarks: 'We have an obligation to speak out when something is wrong'
(DBN)

9 Years in Prison Because Prosecutors Withheld Evidence
(DBN)

FBI Arrests Cyberattacker Angry About Case Link on Opinion Reporting Service
(DBN)

Dozen inmates escape using peanut butter to trick jailer
(DBN)

Trump administration seeks to sue schools over affirmative action it believes hurt whites
(DBN)

Man charged with hiding girlfriend in freezer, living with impostor who used her credit cards and cared for her dog
(DBN)

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Judges:

Posner backs 19-member Supreme Court, comments on ‘pompous lawyers’
(DBN)

BigLaw firm scolded by federal judge for disregarding line-spacing orders
(DBN)

Updated SCOTUS Website Gets Mixed Reviews
(DBN)

Most Memorable Footnote? Here's What a Few Lawyers Told Us.
(DBN)

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Wall Street:

Apple, tech stocks are set to lead the Dow to break through 22,000
(DBN)

Apple’s rally puts Dow 22,000 in play, sends Nasdaq surging
(DBN)

Dow approaches 22,000, closes at a record high
(DBN)

Traders are betting big on a stock market shock
(DBN)

Trump stock market performance eclipsed by Obama and Bush
(DBN)

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Layoffs:

What truckers & taxi drivers will do after autonomous driving
(DBN)

Mass layoffs affect 222 at Telvista
(DBN)

Defoul to Lay Off 250
(DBN)

Sabre Corp. is laying off more than 900 workers
(DBN)

Under Armour cuts 2% of its workforce
(DBN)

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Student Debt:

Citi just drew an 'eerily reminiscent' parallel between student loans and the subprime mortgage crisis
(DBN)

Trump administration changes course on plan to hire student loan companies
(DBN)

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Politics:

Trump: ‘That White House is a real dump’
(DBN)

Boy Scouts: We Did Not Tell Trump His Speech Was the Greatest
(DBN)

Trump knew about Fox's story about murdered DNC staffer before it ran, lawsuit alleges Trump Worked With Fox News on DNC Staffer Story, Suit Claims Fox Contributor Says Seth Rich Story Was Cooked for White House Donald Trump Has Finally Erased the Line Between Conservatism and Conspiracy Theories Lawsuit: White House reviewed retracted Fox News story before airing; source’s quotes were made up All You Need to Know on Fox News Scandal Lawsuit Claims Trump, Fox Conspired To Produce Fake News About Seth Rich Why The Lawsuit Alleging Fox News Conspired With Trump Is Big Legal Loser
(DBN)

Trump says he won't stay off social media: 'Only way for me to get the truth out!'
(DBN)

Trump was behind the misleading original statement about Trump Jr.'s meeting with a Russian lawyer Trump's role in crafting a misleading statement for his son could spell more legal trouble for the White House White House says Trump acted 'as any father would' in dictating Donald Trump Jr's misleading statement Jared Kushner in leaked conversation: We were too inept to collude with Russia Trump son's statement on Russia lawyer meeting was 'true': White House Trump administration sends conflicting signals on Russia sanctions
(DBN)

Former US Justice Department official joins Mueller's team
(DBN)

Trump getting Air Force Ones that were abandoned by a bankrupt Russian airline: Report
(DBN)

Tillerson, Trump Don't Agree on Iran Pact
(DBN)

Is Trump's Republican Support Starting to Crumble?
(DBN)

Judge blocks Palin lawyers from questioning NYT reporters in defamation suit
(DBN)

McConnell: The Filibuster Stays
(DBN)

Democrats to Block Recess Appointments
(DBN)

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Healthcare:

Adeptus Health: What Is A Substantive Consolidation Plan, And How Would One Affect PubCo's Shareholders?
(DBN)

Some big health insurers seek 30% premium hikes for 2018 ACA plans
(DBN)

Obamacare architect: We need to fix some of our mistakes that led to soaring costs Trump is clueless about health care. Republicans are worse. Governors May Have a Bipartisan Fix for Obamacare Map: Who loses if Trump cuts off health insurer payments Anthem prunes ACA plans in California Hearings Held to Stabilize ObamaCare Senate GOP says they’re moving on from health bill, despite Trump’s pleas GOP senator urges Trump to extend key Obamacare subsidies through 2018 Appeals court opens the door for Democratic states to fight Trump's efforts to stop Obamacare subsidy payments
(DBN)

Hospitals are hurting because people are going to the doctor less
(DBN)

Trump's opioid commission's recommendations fly in the face of Republicans' healthcare overhaul plans
(DBN)

Closed addiction treatment center investigated for fraud
(DBN)

More than a third of US adults prescribed opioids in 2015
(DBN)

The U.S. has the worst rate of maternal deaths in the developed world
(DBN)

Insufficient Sleep and Weight Gain
(DBN)

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Apparel:

Under Armour loses money and launches a restructuring plan
(DBN)

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Personal Finance:

These cash-strapped couples want total strangers to pay for their weddings
(DBN)

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Retailing:

3 retailers investors hate more than Under Armour
(DBN)

More than 6,300 stores are shutting down - here's the full list
(DBN)

These 5 retailers may not survive 2017
(DBN)

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Fraud:

July 2017 Ponzi Scheme Roundup
(DBN)

Jury asks about Shkreli assets under management and intent
(DBN)

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Maritime:

HHI’s restructuring paying off with 50.8% jump in first half profit
(DBN)

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Economy:

US factory activity slows; consumer spending nudges up ISM Manufacturing index decreased to 56.3 in July
(DBN)

Personal Income decreased slightly in June, Spending increased less than 0.1% Personal Consumption Expenditures Continue to Increase
(DBN)

Americans' Confidence in Economy Positive, but Near 2017 Low
(DBN)

Six Things Central Banks Don't Get About Wages, Part 2
(DBN)

Wall Street sees signs of inflation at long last
(DBN)

Trump administration is said to prepare broad trade case against China Tillerson: Risk of Open Conflict Over Troubled China Relations
(DBN)

When a President Doesn't Get Economics
(DBN)

Are women really paid less than men for the same work?
(DBN)

Inflation Tame in June, Complicating Fed's Rate Decision
(DBN)

Will Trump Try to ‘Overrule’ Monetary Policy?
(DBN)

Ex-Fed Chair Alan Greenspan: The bubble is in bonds, not stocks
(DBN)

Greenspan tells Fischer don’t worry about low interest rates because they’re going to go up fast
(DBN)

The sequel to the global financial crisis is here
(DBN)

The Real Reason Teens Don’t Have Summer Jobs Anymore
(DBN)

Economists say Trump could be boosting economic growth, but overstates his role
(DBN)

Five Good Reasons Trump’s Agenda Is a Win for America
(DBN)

There are 2 big reasons your pay isn't going up
(DBN)

Economist: American men have become less 'marriageable'
(DBN)

Senate Democrats offer Republicans help on tax reform — with conditions Schumer: "real potential" for bipartisan deal on tax reform Majority of Americans want tax reform to pass The problem with Trump's tax plan: time
(DBN)

U.S. Companies Post Profit Growth Not Seen in Six Years Trump extols corporate profits while seeking corporate tax cut
(DBN)

Here's how much the top 1% of Americans have saved for retirement
(DBN)

Construction Spending decreased in June
(DBN)

Mexico sets out NAFTA goals ahead of re-negotiation talks: document
(DBN)

New White House signals on trade war
(DBN)

Debt-ceiling talks between White House, Senate break up with no progress Trump administration seeks prompt raise of debt ceiling: White House Senators searching for debt limit hike support: McConnell
(DBN)

U.S. Seen as Major Global Threat Along with ISIS, Climate Change: Pew Poll
(DBN)

Fact Check: Donald Trump says 'business spirit' is highest it's ever been, but proof is lacking
(DBN)

Economists Are Cheating Their Profession: Presenting opinion as fact does everyone a disservice
(DBN)

Supply-Siders Still Push What Doesn't Work
(DBN)

Apple’s Tim Cook sidesteps question about Trump claim of new manufacturing plants
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

New York Bankruptcy Judge Bars Mortgage Modification on Debtor’s Two-Family Mixed-Use Home
(DBN)

Four major US cities ring housing bubble alarm
(DBN)

Mortgage applications retreat 2.8%, even as interest rates stay low
(DBN)

Mortgage industry under fire again ... from younger buyers
(DBN)

New Jersey Has a Millennials Problem
(DBN)

Freddie Mac Says It Will Pay $2 Billion to Taxpayers -- Maybe
(DBN)

How Luxury Housing Becomes Affordable
(DBN)

There isn't enough housing for low-income Americans
(DBN)

The obscure formerly-bankrupt California city that's suddenly the hottest housing market in America
(DBN)

6 cities where even doctors and lawyers can’t afford to buy homes
(DBN)

California Commercial Real Estate Growth Expected to Slow
(DBN)

Goldman Sachs reaches $725 million in consumer relief in $5 billion settlement
(DBN)

Older Americans Buck Trend of Decreased Homeownership
(DBN)

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Municipalities:

Puerto Rico betting on medical marijuana to help ease crisis
(DBN)

Puerto Rico Needs Pro-Growth Tax Reform, Not Just Austerity
(DBN)

Illinois Governor Vetoes Education Bill as Budget Turmoil Continues Fact Check: As written, the (Illinois school funding) bill includes a bailout of Chicago’s broken teacher pension system.
(DBN)

How Detroit's bankruptcy is helping fuel the equity bull market
(DBN)

Detroit suburb of Lincoln Park released from receivership
(DBN)

CT: ‘We’ve Got 3 Cities Headed For Bankruptcy ’
(DBN)

Hartford Explores Bankruptcy Options
(DBN)

County Pushes for 3-Cent Property Tax Increase to Avoid Bankruptcy
(DBN)

Shunned from bond market, U.S. Virgin Islands faces cash crisis
(DBN)

Michigan releases two cities from state oversight
(DBN)

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Oil/Gas:

The energy patch: where rights offerings are 'sexy' again
(DBN)

Weds.: Oil Trades Near $49 on Signs US Stockpiles Unexpectedly Rose
(DBN)

Tues.: Oil is tanking 3% on more reports of rising output from Saudi-led oil cartel Crude drops below $50 as rising dollar erodes earlier gains Bulls Crushed As Oil Crashes Again
(DBN)

Saudi Arabia wants oil above $50, but Texas and North Dakota aren't playing along
(DBN)

BP Says It Can Now Profit at Oil Below $50 Have Oil Majors Really Adapted To $50 Oil?
(DBN)

Big Oil Seen Vulnerable to Fresh Slump Despite Growth at $50
(DBN)

OPEC's Game-Theory Dilemma
(DBN)

"Lower-Forever" Oil Isn't Forever-Ever
(DBN)

Who Needs $100 Oil? Majors Making More Cash at $50, Goldman Says
(DBN)

Saudi Arabia takes aim at U.S. oil stockpiles
(DBN)

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Autos:

Summer slump in the showroom kills July auto sales Big Three auto sales fall hard in July US carmakers sales to daily rental fleets slashed in July U.S. Light Vehicle Sales at 16.76 million annual rate in July
(DBN)

Subprime auto defaults are up, but this time it's no crisis
(DBN)

Investor Einhorn sees cash burn at Tesla, sticks with short bet
(DBN)

Volkswagen is being investigated over the use of EU funds to cheat emissions test EU Bank Cuts Funds to VW Over Scandal
(DBN)

Tesla May Run Out of Cash Building Model 3
(DBN)

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Paper:

Jay mill's plunge in value expected to drive up local taxes
(DBN)

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Food/Beverage:

TerraVia Holdings, Inc. Enters Into Agreement for the Sale of Substantially All of Its Assets Subject to Competitive Bidding Process Corbion makes US$20m “stalking horse” bid for bankrupt TerraVia
(DBN)

______________

Brides:

Bankrupt Bridal Store Will Now No Longer Deliver Dresses
(DBN)

David's Bridal lenders hire Rothschild as retail defaults spike
(DBN)

______________

Marijuana:

Credit Unions, Banks Warily Watch Jeff Sessions on Marijuana Policy
(DBN)

______________

Corporate Reform:

Wall Street is About to Gut the Volcker Rule
(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 (25 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (__ 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:

Why Do Businesses Fail?
(DBN)

Bankruptcy League Tables - First Half 2017
(DBN)

Bankruptcy filings climbed in July around Buffalo
(DBN)

Toledo: Bankruptcy filings rise 3rd month in a row
(DBN)

Wisconsin posts fewest bankruptcy filings in a decade
(DBN)

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TBTF:

Merrick Garland, in MetLife's 'Too Big to Fail' Dispute, Rules for Transparency
(DBN)

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Reclamation:

Delaware Clarifies “Received” for Valuable 503(b)(9) Claims
(DBN)

Suppliers Beware: Two Recent Cases (in Third Circuit and Delaware) Hold that Debtor Must Physically Possess Goods Within Statutory Period To Sustain Administrative Priority Under Section 503(b)(9)
(DBN)

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Lehman:

Lehman Bankruptcy Ruling Shows Risk of Deferred Compensation
(DBN)

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Mediation:

Sanctions for Violating Mediation Confidentiality? No.
(DBN)

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Personal Bankruptcy:

Consumer Bankruptcy Law Journal
(DBN)

BK MD FL Seeks Comments on Local Ch. 13 Plan
(DBN)

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Cross-Border:

Russian Ex-Biz Owner's Bankruptcy Granted US Recognition
(DBN)

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Corporate Governance:

No, Maximizing the Stock Price Is Not Job 1 for Company Directors
(DBN)

Why women get to No. 2 but are still rarely named CEO
(DBN)

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Banking:

Law firms disagree about dividing up $8.6 million in fees awarded in Wells Fargo settlement
(DBN)

Everything you need to know about the Iron Bank of Braavos, which will be important on 'Game of Thrones' next Sunday
(DBN)

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Celebs:

‘Dance Moms’ Star Abby Lee Miller Isn’t Doing Too Well In Prison
(DBN)

‘I’m in:’ ‘Pharma Bro’ Martin Shkreli Wants Scaramucci’s Job
(DBN)

Elon Musk says he may have depression, like millions of overworked Americans in their 40s and 50s
(DBN)

______________

Nuclear:

Sorry, no refunds for now-abandoned nuke project
(DBN)

Can The U.S. Even Build A Nuclear Plant These Days?
(DBN)

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Movie Theaters:

Theater chain AMC craters 26% after previewing dramatic quarterly loss, cost-cutting measures
(DBN)

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Radio:

Debt costs continue to burn iHeartMedia cash
(DBN)

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Aviation:

Planes Built for Bankrupt Russian Airline May Be the Next Air Force One
(DBN)

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UK:

Post-Brexit: recognition of UK insolvency proceedings in Germany?
(DBN)

UK online fashion retailer Rare London declares bankruptcy
(DBN)

MPs are plotting to keep Britain in the EEA and block a 'cliff-edge' Brexit
(DBN)

Growth in Britain's construction sector slumps to lowest level since just after the Brexit vote
(DBN)

New poll finds most Brits want to stay in the single market after Brexit
(DBN)

______________

EU:

Eurozone Economy Speeds Up, Boosting Case for ECB Taper
(DBN)

Financier Behind Hedge-Fund Failures Is Declared Bankrupt
(DBN)

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PIIGS:

Is Greece's Debt Story Looking Up?
(DBN)

ie: Number of people seeking debt solutions continues to rise
(DBN)

How Portugal came back from the brink — and why austerity could have played a key role
(DBN)

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Canada:

Fight Over Abandoned Oil Wells in Canada May Go to Top Court
(DBN)

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Malaysia:

State-owned Malaysian investment fund misses $629 million payment it owes under settlement Abu Dhabi gives new deadline as 1MDB misses $600 million payment
(DBN)

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Russia:

Is Putin the $200 Billion Man?
(DBN)

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India:

How the bankruptcy code can be abused by unscrupulous elements
(DBN)

ABG Shipyard to face bankruptcy proceedings
(DBN)

Insolvency proceedings: RBI readies next list to send to National Company Law Tribunal RBI to refer new set of debt-ridden companies to bankruptcy court
(DBN)

Farmer Suicides Rise in India as Climate Warms, Study Shows
(DBN)

Will Insolvency Code Resolve Liquidation Crisis?
(DBN)

______________

Poland:

Polish renewable industry in bankruptcy warning
(DBN)

______________

MENA:

UAE: What Does The New Bankruptcy Law Offer?
(DBN)

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China:

Can Xi Jinping Defuse China’s Debt Bomb?
(DBN)

China's crackdown on its own companies has nothing to do with their financial health, economist says
(DBN)

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Ukraine:

National Bank of Ukraine declares bank Gefest insolvent
(DBN)

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