August 24, 2017

The Daily Bankruptcy News

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Law:

Attorney headcounts and billable hours are down at the smallest BigLaw firms
(DBN)

Law firm revenue climbed 5.6 percent in year’s first half, survey finds
(DBN)

Associates Continue Raising Money, Look at Firms
(DBN)

Proskauer Bolsters Restructuring & Bankruptcy Group • Weil Bankruptcy Partner Reunites With Mentor at Proskauer
(DBN)

GCs Beat All Other Non-CEO Execs On Certain Leadership Characteristics
(DBN)

KL Gates hires ex-Ropes & Gray bankruptcy pro in Boston
(DBN)

DLA Piper client marketing plan pulls in $37.6 million • Turning data into dollars: inside DLA Piper's client retention data analytics program
(DBN)

Diversity stalls at top US law firms
(DBN)

Ex-Steptoe Associate Slams Firm's Bid to Arbitrate Gender Bias Suit
(DBN)

Who Is The Richest Lawyer In Trumpland?
(DBN)

General counsel have more to worry about than negotiating firm discounts
(DBN)

Two Big Law Firms Shed Partners Ahead of Mergers
(DBN)

Accepting GRE as entrance exam could help law schools dip into new pool of talent: STEM students
(DBN)

Judge Slashes Damages Argument Against Greenberg Traurig
(DBN)

Latham & Watkins avoids malicious prosecution claim
(DBN)

Biglaw Attorney Drowns In Dangerous Riptide
(DBN)

Is Law School An ‘Adderall Nation’?
(DBN)

Education Is Failing Lawyers
(DBN)

What Law Schools Can Do To Encourage Solo Practices
(DBN)

Here's a taste of how much smarter your iPhone will be in September
(DBN)

Law firms employ fewer black lawyers than other minorities; which firms have best representation?
(DBN)

Should Lawyers Have Mental Health And Financial Examinations?
(DBN)

Is breakdown of ‘bourgeois culture’ to blame for society’s ills? Law profs differ in op-eds
(DBN)

Warrant Issued For ‘Crying Nazi’ Chris Cantwell • White supremacist who helped lead the Charlottesville rally turns himself in
(DBN)

Next Week, Swords Are Legal To Carry Down The Street In Texas
(DBN)

White House: Trump Won't Pardon Arpaio
(DBN)

UNC Says Law Is ‘Unclear’ About Removal Of Confederate Statues
(DBN)

Illinois jury awards $148 million to woman paralyzed at O'Hare Airport
(DBN)

Jewish bar group launches ‘Adopt-a-Nazi’ campaign in response to rally
(DBN)

Lack of interest in ‘You the Jury’ TV show mirrors real-life disinterest in jury service
(DBN)

Therapist Fired for Being 'Too Cute' May Proceed With Gender-Bias Claim • New York court revives yoga teacher's bias claims against angry former Playboy Playmate
(DBN)

The White House says it will issue official guidelines for Trump's military transgender ban
(DBN)

Chicago firm sues ex-partners, alleging client theft
(DBN)

3 BigLaw firms to lead huge MDL accusing Barclays, Goldman, others of rigging $13 trillion US securities market
(DBN)

Houston attorney drops suit over spilled Starbucks coffee injuries
(DBN)

Lawyer who objected to mandatory bar’s PAC contribution loses First Amendment appeal
(DBN)

John Steinbeck's Feuding Heirs Head to Court
(DBN)

Texas Couple to Get $3.4M on False Claims of Satanic Abuse
(DBN)

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Judges:

Bankruptcy Judge Marc Barreca's Rich Catalog of Experimental-Electronic Music Turns on a New Generation
(DBN)

A Famous Female Judge On Why More Women Need To Be On The Bench
(DBN)

Judge's Facebook Friendship With Attorney Doesn't Require Recusal, Court Rules
(DBN)

150-group coalition of lawyers urge Congress not to split up 9th Circuit
(DBN)

Judge Judy Goes Off in Profits Lawsuit
(DBN)

Growing The Number Of Women On The Bench
(DBN)

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Wall Street:

U.S. stock futures perk up on Jackson Hole day
(DBN)

U.S. stocks close lower after Trump threatens to shut down the government
(DBN)

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Layoffs:

Providence lays off 210
(DBN)

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Healthcare:

Adeptus asks to borrow $17M as it exits bankruptcy
(DBN)

Why 4 in 10 Americans Could Soon Get a Credit Boost
(DBN)

Uninsured Americans may be one broken bone from bankruptcy
(DBN)

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Celebs:

How 'Property Brothers' Drew and Jonathan Scott worked their way out of bankruptcy
(DBN)

Teresa and Joe Giudice’s ‘Marriage May Be Over’
(DBN)

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Private Clubs:

Pitt emerges as a bidder for bankrupt Pittsburgh Athletic Association
(DBN)

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Politics:

Mark Cuban is beating Trump in a 2020 presidential poll
(DBN)

UNC student arrested after hundreds protest at UNC-Chapel Hill Silent Sam monument • The Great Nazi Scare of 2017 • Thoughts on 'Charlottesville and Confederate Memorials' From Lawyer Governor Who Changed State Flag • Maryland Removes Statue Of Roger B. Taney In Midnight Operation: Will Other Supreme Court Justice Monuments Follow? • When Nazis Filled Madison Square Garden • Former neo-Nazi: Here's why there's no real difference between 'alt-right,' 'white nationalism,' and 'white supremacy' • Why Roger Taney’s statue was removed from Maryland’s state house • There Are 11,518 Robert Lees in America • Uproar over Confederate statues in the US is forcing other countries to rethink their own monuments
(DBN)

President Trump has done multiple things in the past 24 hours that will annoy Mitch McConnell • Trump vs. McConnell: Here’s where this crazy feud is headed • McConnell: Anyone who thinks Trump and I are fighting is 'clearly not part of the conversation'
(DBN)

Trump's GOP Enablers
(DBN)

Former CIA agent wants to buy Twitter to kick Trump off
(DBN)

Trump Again Demands Killing the Filibuster
(DBN)

Trump keeps angrily calling Republican senators about the Russia scandal • Previously unreported email shows effort to set up meeting between the Trump campaign and Putin
(DBN)

Trump Fact Check: "There aren't too many people outside protesting" his speech at the Phoenix Convention Center.
(DBN)

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Solar:

Tradewind CEO: U.S. tariffs would cloud solar industry
(DBN)

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Religion:

‘This is not your typical bankruptcy’: The fight over a local church’s future
(DBN)

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Nuclear:

Westinghouse Seeks to Award Bonuses to 'Vital' Employees
(DBN)

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Economy:

Wall Street Banks Warn Downturn Is Coming
(DBN)

US service sector expansion advanced more than expected • Factory activity growth unexpectedly slowed
(DBN)

One theory why income inequality has grown in America
(DBN)

The one way banks could get clobbered by rising interest rates
(DBN)

Think Rates Are Going Up? Banks Don’t
(DBN)

Slow economic growth? Global bank asks, 'Who cares?'
(DBN)

China to Fight Back Against US Trade Probe
(DBN)

Big Economies Are Growing in Sync for First Time in Years
(DBN)

Millennial Americans Are Moving to the 'Burbs, Buying Big SUVs
(DBN)

Trump risks backlash in farm belt states if NAFTA gets scrapped
(DBN)

The 100 Richest Tech Billionaires In The World 2017
(DBN)

The risky product blamed for worsening the financial crisis is back on the rise
(DBN)

Badly educated men in rich countries have not adapted well to trade, technology or feminism
(DBN)

Trump ‘shutdown’ threat rattles stock market • Paul Ryan: Congress doesn't have to choose between shutdown and border wall • Trump Shutdown Threat Complicates Congress's Debt Ceiling Plans • Congress just got a big warning on how the debt ceiling fight could wreck the US economy • Trump's Wall Pledge Complicates GOP Efforts to Avoid Shutdown • Debt Ceiling Brinksmanship Could Test U.S. Top-Notch Credit Rating • Fellow Republicans rebuke Trump over government shutdown threat • Financial experts shrug off Trump's 'red meat' threat to shut down the government • A government shutdown wouldn't be a huge market or economic event: Analyst • 'Trump is going to have to eat his words' on wall, shutdown: Fmr. Bush • Government shutdown chances rising by the day aide • Is a Government Shutdown Now ‘Inevitable’ Because of Trump? • Trump’s demand to build border wall could upend sensitive negotiations on Capitol Hill
(DBN)

Paul Ryan again pushes for a simpler tax code
(DBN)

We tested an economic theory by trying to buy people's Powerball tickets for much more than they paid
(DBN)

Why remote workers are being called back into the office
(DBN)

Living Paycheck to Paycheck is a Way of Life for Majority of U.S. Workers
(DBN)

Rick Perry's Picks: More Coal and Nuclear
(DBN)

Food Stamp Use Is Falling, and So Is the Cost
(DBN)

Consumer Spending: Growing Sectors • Declining Sectors • Where The Money Goes
(DBN)

Economic Outlook Brightens For Small Business Owners, But Challenges Remain
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

New home sales plunge 9.4% in July, falling to 7-month low • New Home Sales decrease to 571,000 Annual Rate in July • Here’s why new home sales tanked • A few Comments on July New Home Sales • Homebuilder Shares Slump
(DBN)

Eleventh Circuit Moves Toward Bright Line Rule That Debtors Cannot Retain Real Property Post- Discharge Without Reaffirming the Mortgage Debt
(DBN)

Property Tax Claims: One More Effort to Collect As Much Is Possible
(DBN)

Robert Shiller: Changes to popular deduction wouldn't have big effect on housing market • The debate around the future of the mortgage interest tax deduction continues • How Tax Reform Could ‘Water Down’ the Mortgage Interest Deduction
(DBN)

Naval Hospital bankruptcy case involving Charleston County postponed
(DBN)

AIA: Architecture Billings Index "growth moderates" in July
(DBN)

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Municipalities:

Puerto Rico presses on in its quest for statehood
(DBN)

Puerto Rico creates new pension plan for struggling retirees
(DBN)

Looming Water Crisis in Puerto Rico , Where Cash Has Run Dry
(DBN)

Harvey pension crisis shows why local governments need a 401(k) option
(DBN)

Cash-Strapped Gary Schools Under Emergency Management
(DBN)

Connecticut governor eyes economic investments amid fiscal crisis
(DBN)

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Oil/Gas:

Texas Supreme Court Dabbles in Bankruptcy Law
(DBN)

Seadrill says restructuring "likely" to be done via Chapter 11 • Seadrill aims to launch Chapter 11 debt restructuring by Sept 12
(DBN)

Can Oil Sands Pay Off at Just $50 a Barrel?
(DBN)

Natural gas causing coal, nuclear shutdowns, gov. report says
(DBN)

Three trends could trip up oil and gas pipeline companies
(DBN)

Here's why oil’s future is grim
(DBN)

Crude inventory levels continue to fall • Oil Up More Than 1% On Eighth Weekly US Crude Drawdown
(DBN)

Is OPEC Throwing In The Towel On U.S. Market Share?
(DBN)

Trump slow to deliver on promised energy overhaul
(DBN)

US becoming a 'swing producer' after oil crash woke 'sleeping giant,' says Pioneer CEO
(DBN)

ExxonMobil: Oil and gas giant ‘misled’ the public about climate change, say Harvard experts
(DBN)

Trump Fact Check: "We have become an energy exporter for the first time ever just recently."
(DBN)

Storm springs back to life in the Gulf, now threatens one-third of US refining capacity
(DBN)

State, Cook Inlet Energy find some agreement on $5 million owed in tax credits, but bigger question looms
(DBN)

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Hollywood:

George Bush Presidential Library Objects to Netflix Settlement With Bankrupt Film Distributor
(DBN)

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Advertising:

Ad Giant Signals Deepening Industry Woes Amid Shift to Digital • Amazon's next victim: World's biggest ad agency lowers sales outlook
(DBN)

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Retailing:

Wall Street believes these stocks can survive Amazon's retail apocalypse
(DBN)

Destination Maternity Hires Adviser Amid Retail Turmoil
(DBN)

Kohl's to Open Smaller Stores, Shrink others
(DBN)

Apparel Retailers Pushing Discounts to Win Customers
(DBN)

Sears to shutter another 28 locations, as same-store sales tumble 11.5% • Sears Is Closing Another 28 Kmart Stores As Sales Tumble Again
(DBN)

Why some retail earnings could present surprises on Thursday
(DBN)

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Autos:

Fiat Chrysler Is at the Crossroads
(DBN)

Tesla's capital expenditures are soaring
(DBN)

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Fraud:

RBS Settles Property Developer's $856 Million Libor-Rigging Suit
(DBN)

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Paper:

A Portland firm will try to sell shuttered Lincoln paper mill land
(DBN)

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Corporate Reform:

CFPB Director Cordray pens New York Times Op-Ed in effort to save arbitration rule
(DBN)

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Student Debt:

Where prospects carry the most student loan debt
(DBN)

States Expand Student Lender Probes to Forgiveness Program
(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 (11 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (27 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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Reclamation:

When Are Goods “Received” By Your Buyer?
(DBN)

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Property of the Estate:

Anticipated Discretionary Bonus Not Property of Estate
(DBN)

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Valuation:

'SunEdison': A Powerful Reminder for Investors
(DBN)

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Critical Vendors:

The Jevic Files Continue: Pioneer-ing the Post-Jevic Era, and Wondering if Jevic Altered Critical Vendor Theory After All?
(DBN)

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Banking:

Wells Fargo CEO: More Bad News is Coming
(DBN)

Where was KPMG, Wells Fargo’s auditor, while the funny business was going on?
(DBN)

What Trump's vow to repeal Dodd-Frank means for banks
(DBN)

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Personal Finance:

The absolute worst thing to major in if you want a job that actually pays
(DBN)

One Powerball ticket sold in Massachusetts wins the whole $759 million jackpot
(DBN)

Health Care Costs Could Eat Up Your Retirement Savings
(DBN)

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Coal:

White House Denies Emergency Requests By Coal Companies: Kern
(DBN)

Coal miner Murray's bonds plunge after Trump administration snub
(DBN)

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Pensions:

St. Joseph Hospital pension plan goes into temporary receivership on insolvency concerns
(DBN)

1.3 million workers' pension plans expected to go insolvent
(DBN)

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Surfing:

Mavericks surf contest permit could be sold to World Surf League
(DBN)

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Food/Beverage:

A Bitter Bankruptcy in Yakima: Are Brewers to Blame?
(DBN)

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Sovereigns:

Even the Junkiest Sovereign Debt Now Pays Less Than 6%
(DBN)

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UK:

“But, we had a deal!” – Office Holders and Personal Liability for Costs
(DBN)

U.K. Business Investment Slows Significantly as Brexit Fuels Uncertainty
(DBN)

Future of Heathrow in doubt as Labour prepares to vote against third runway
(DBN)

'We would be unable to feed the nation:' Britain's food industry warns Brexit could leave a third of its firms unviable
(DBN)

Bank Of America: Markets are too optimistic about Britain's Brexit deal
(DBN)

Ports across Europe will be faced with total 'gridlock' if a hard border with the EU returns after Brexit
(DBN)

Shifting the onerous: onerous land disclaimed by bankruptcy trustees can also become onerous for lenders
(DBN)

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Canada:

Produce growers demand payment protection against bankrupt clients
(DBN)

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India:

SC to hear plea of over 30k home buyers of embattled Jaypee Infratech • Jaypee buyers move Supreme Court against insolvency proceedings • Flat buyers under IBC: Creditors or consumers?
(DBN)

Forced insolvency seen driving India deals to $80 billion
(DBN)

Implementing the new Bankruptcy Code to help push bank credit growth
(DBN)

Tata Steel, Posco express interest in buying Essar Steel
(DBN)

'Banks must tighten bankruptcy norm'
(DBN)

Banks must file for bankruptcy after three months of recovery effort
(DBN)

Insolvency professionals face threats, draw staff ire while evaluating plans for debt-laden companies
(DBN)

Debt resolution top priority in insolvency process, says IBBI chief MS Sahoo
(DBN)

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Brazil:

A year since the Rio Olympics, legacy of the games is tattered
(DBN)

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China:

China struggles to revive its industrial heartland
(DBN)

China's 'Belt and Road' initiative could be the next risk to the global financial system
(DBN)

Debt Swaps Open Pandora's Box for China's Banks
(DBN)

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Germany:

Ryanair Says It's Interested in Air Berlin, Wants In on Bidding • Lufthansa eyes Air Berlin's Niki as bidders jostle for position • Creditors of German carrier Air Berlin have yet to decide on "cut and sell"
(DBN)

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Belguim:

Belgian insolvency code to alter rights of secured creditors in and before judicial reorganisation
(DBN)

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Singapore:

Bill to streamline insolvency framework to be introduced in 2018
(DBN)

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Australia:

Court case provides clarity on bankruptcy protections
(DBN)

Delta liquidated: creditors get in line
(DBN)

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Croatia:

Sberbank Says Agrokor Must Meet Creditor's Demands
(DBN)

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Russia:

A Peek into Business and Bankruptcy in Russia
(DBN)

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Venezuela:

Venezuela's IOUs Pile Up, Keeping US Oil Servicers in Tow
(DBN)

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