August 9, 2017

The Daily Bankruptcy News

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Law:

Convicted Dewey & LeBoeuf Exec Gets Support From Florida Firm, Dewey Alums
(DBN)

Report finds greater flow of ‘big-ticket’ work to the nation’s top law firms
(DBN)

Jittery Firms Put On Brave Face as Microsoft Targets Billable Hour
(DBN)

Citibank Sues Polsinelli Partners Over $10M Novak Druce Loan
(DBN)

GC Compensation Report: Industry Breakdown
(DBN)

International Firm Buys $3 Million Jet As Cost-Saving Measure
(DBN)

Law firms pay lip service to diversity, must take ‘concrete steps to change,’ former judge says
(DBN)

Williams & Connolly Partner Pay Gets Close-Up From Trump Trade Nominee
(DBN)

Giuliani Law Partner, Partner of Trump Attorney Among Choices for Key U.S. Attorney Posts
(DBN)

“Big Law” Finds Renewed Strength at the Top
(DBN)

Are You Ready To Succeed In The New Legal Economy?
(DBN)

Innovation And The Law: Technology To Assist With The Dreaded RFP Process
(DBN)

Report: Trump Wants Greenberg Traurig Shareholder for Bharara's Old Job
(DBN)

Which Biglaw Firm Is Best For Pro Bono? (2017)
(DBN)

Amid Criticism, ABA Pulls Back on Change to How Law Schools Report Jobs
(DBN)

LSAT Leader Denounces GRE as Flawed Test for Law School Applicants
(DBN)

LSAC Unintentionally Proves Why Law Schools Need The GRE
(DBN)

Trump’s Harvard Law School: George Mason University
(DBN)

Biglaw Is Handing Out Fidget Spinners And We’re All Doomed
(DBN)

Dean’s Note From The Year 2040
(DBN)

Shaking Up Law School Admissions
(DBN)

President Trump has sent private messages to Russia special counsel Robert Mueller Special counsel Robert Mueller's finances go public Trump sends appreciative messages to Mueller; firing him has ‘never been on the table,’ lawyer says
(DBN)

Fans are furious after 'The Bachelorette' delivers the most devastating finale in years
(DBN)

Law professor warns: Congress must act on growing s--bot industry
(DBN)

Nanny of Mary-Louise Parker is accused of using the actress' ATM card to withdraw $30,000
(DBN)

Suspect blames attempted robbery at Vegas casino on gambling losses
(DBN)

If You Don’t Nickel And Dime Your Clients, You Won’t Have To Sue When They Complain About You Online
(DBN)

Fired Google employee behind anti-diversity memo says he’s ‘exploring all possible legal remedies’ Fired Google memo writer draws jeers, cheers and a job offer Iceland's Gender Policy Holds a Lesson for Google Google's firing of memo writer James Damore struck a nerve in Silicon Valley The Curious Case Of The Employee Manifesto: Diversity Initiatives Are Hard Work
(DBN)

Individuals forced to pay hundreds of dollars more to pretrial services firm after bail: lawsuit
(DBN)

The Plain Answer to the Trump Pardon Question
(DBN)

CIA 'torture' psychologists to stand trial
(DBN)

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Judges:

BK SD FL Seeks Nominations For 2017 Bankruptcy Chief Judge's Pro Bono Award
(DBN)

Rehab linked to judge’s shady scheme to extort thousands by holding suspects ‘for ransom’: lawsuit
(DBN)

The Art Of The Possible: New York Nominees For Federal Judgeships And Prosecutor Posts
(DBN)

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Wall Street:

U.S. stock futures pull back as North Korea threatens Guam
(DBN)

Stocks hit session lows after Trump warns North Korea
(DBN)

The Dow just did something it hasn't done in 58 years
(DBN)

Gundlach, who predicted Trump win, says president deserves ‘very little’ credit for stocks' record Billionaire bond guru Gundlach predicts he will make 400% on his bet against the stock market In His Soul, Jeff Gundlach Knows That He Can Make 1,000% Betting Against The S&P
(DBN)

If this red flag is any indication, a 1929-style crash isn’t ‘unimaginable’
(DBN)

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Layoffs:

Brookhaven Lab to eliminate 175 jobs
(DBN)

Lexmark announces 700 layoffs
(DBN)

Oak Ridge National Laboratory to reduce workforce by up to 350
(DBN)

General Foam to close Tarboro plant, more than 200 jobs gone
(DBN)

NRG lays off workers around the country
(DBN)

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Politics:

Shock Poll: Kasich leads Trump in New Hampshire Trump's approval rating is stuck in a rut, but he shrugs it off as 'fake news' Anti-Trump Independents Are Starting to Organize
(DBN)

UN ambassador claims report Trump tweeted endangers Americans
(DBN)

Inside Air Force One on the day Reince was replaced
(DBN)

Donald Trump gets updated twice daily on what an amazing job he’s doing Nixon’s ‘Goldwater moment’ looms over Trump Trump attacks WaPo and NYT over Clinton-Lynch meeting McConnell gripes about Trump's "artificial deadlines" McConnell criticizes Trump's 'excessive expectations' 'Trump is not helping the situation': Lawmakers throw cold water on Trump's fiery warning to North Korea Trump May Privatize Much of Afghan War The Terrifying Nuclear Game the US Shouldn't Play If You Weren’t Worried Yet, You Can Start Now ‘God has given Trump authority to take out Kim Jong Un,’ evangelical adviser says 5 Things About the US Privatizing Afghan War Trump just set his own, uncrossable 'red line' — and North Korea crossed it instantly Trump's Anti-Nuclear Playbook Looks a Lot Like Obama's ‘Not helpful,’ Donald: World leaders react to Trump’s ‘fire and fury’ comments
(DBN)

Trump Campaign Turns Over Documents
(DBN)

Democrats seek info on federal payments to Trump business
(DBN)

A staff survey shows just how broken Congress is
(DBN)

Despite Trump's low ratings, midterm election map still favors Republicans — for now
(DBN)

Mooch: Pence Can't Believe What's Going On Mike Pence's Real Power Move
(DBN)

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Retailing:

Amazon Prime will be in more than half of US households by year's end
(DBN)

A look inside the last standing Kmart SuperCenter
(DBN)

Bankrupt brands get second chance online
(DBN)

After last quarter's bloodbath, little gains for department stores may yield big results
(DBN)

The Best Place for a New Warehouse? An Old Mall The Best Place for a New Warehouse? An Old Mall
(DBN)

Here's Where 10 At-Risk Retailers Stand Now
(DBN)

Mall Owners Wave a Finger: We're Not Dead Yet
(DBN)

Short Sellers, Options Traders Gear for More Volatility in Retail Stocks
(DBN)

Last stands of 7 retail brands struggling to survive
(DBN)

Retailers are finally starting to buck Amazon's takeover
(DBN)

Here’s one retailer Amazon won’t kill
(DBN)

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Food/Beverage:

U.S. charges former Transmar cocoa executives with fraud
(DBN)

Fertitta wins Ignite bankruptcy auction
(DBN)

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Economy:

NFIB: Small Business Optimism Index increased in July
(DBN)

BLS: Job Openings Increased in June There’s good and bad news as job openings hit record in July US Job Openings Surge to Record in Sign of Robust Labor Demand Job openings hit record high in June at 6.2 million Fed’s Kashkari takes a surprising swipe at businesses complaining about worker shortages There are 7 million unemployed and 6.2 million job openings. What’s the problem?
(DBN)

Financial Crisis: What's Changed in 10 Years?
(DBN)

Consumers' total debt climbs to a fresh record
(DBN)

Young Adults Report Spending Less Than in the Past
(DBN)

Sick of Slow Wage Growth? Here's Who to Blame
(DBN)

Obama treasury secretary: Financial risks 'substantial'
(DBN)

Americans hold more credit-card debt than ever, and a 'major tipping point' isn't far off
(DBN)

The number of Americans holding multiple jobs is sending a 'troubling' message
(DBN)

Wisconsin won't break even on $3 billion in Foxconn plant incentives for at least 25 years
(DBN)

Workers choose to leave manufacturing as often as they are fired
(DBN)

Many Americans are only just getting by
(DBN)

JPMorgan's Jamie Dimon: Our country's taxes, infrastructure failures are 'embarrassing' Jamie Dimon: I wouldn't buy a 10-year bond from any country in the world right now
(DBN)

Trump: Ethanol Trade War w/ Brazil Anyone?
(DBN)

How much the highest-paid women in every US state make compared to men — the difference in their salaries is stunning
(DBN)

Trump White House quietly courts Democrats for tax overhaul It's full-steam ahead on tax reform ... with no details
(DBN)

The US government is about to redefine which Americans are rich — again
(DBN)

'Clean' debt ceiling bill unlikely to pass US House, says lawmaker While stocks rally, the Treasury market shows signs of unease over U.S. debt limit Why Debt Ceiling Worries Are Way Overblown
(DBN)

What that viral New York Times inequality chart really shows
(DBN)

US has second warmest year to date, says NOAA
(DBN)

Class 8 Truck Orders Jumped 81% in July
(DBN)

Study Finds the Aging of the U.S. Workforce Is Bad for Productivity
(DBN)

The Richest People in Human History
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

May 2017 Delinquency Rate Lowest in Nearly a Decade
(DBN)

Drop in rates boosts weekly mortgage applications 3 percent MBA: Mortgage Applications Increase in Latest Weekly Survey
(DBN)

Leading Index for Commercial Real Estate "Stumbles" in July
(DBN)

Baby Boomers Who Won't Sell Are Dominating the Housing Market
(DBN)

Las Vegas Real Estate in July: Sales up 10% YoY, Inventory down Sharply
(DBN)

PHH Reaches Settlement With US DoJ On Certain Mortgage Loans
(DBN)

Banks will face fines for failing to maintain foreclosed homes
(DBN)

Median home prices climbed nearly 20% in Northwest metros in July
(DBN)

Pittsburgh Athletic Association reviewing 10 proposals for clubhouse in Oakland
(DBN)

Bright's Creek up for bankruptcy sale until Aug. 31
(DBN)

?A Six-Pack of REIT Turnarounds
(DBN)

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Municipalities:

Puerto Rico financial board creating grounds for own removal
(DBN)

Puerto Rico debt helps sink MBIA's second-quarter loss to $1.2 billion
(DBN)

Bankrupt Puerto Rico Gave Millions To Sketchy Firms With Government Ties
(DBN)

Puerto Rico Hit With 2 Lawsuits Challenging Board's Power
(DBN)

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Oil/Gas:

Investor faith in the sector's ability to weather oil's slump has been shaken
(DBN)

Investors Remain Wary of Oil Gains Despite Talk of Saudi Export Cut
(DBN)

Oil trades above $49 as Saudis curb crude sales to Asia
(DBN)

U.S. drilling permits fall nearly a quarter in July amid energy pullback
(DBN)

Knight Energy files for Chapter 11 Knight Energy Holdings files for Chapter 11 bankruptcy reorganization; family embroiled in staged drug bust allegation Knight Energy Holdings and Affiliates Enter into Restructuring Support Agreement in Conjunction with Financial Restructuring
(DBN)

Troubled Sheridan Production Energy Fund in Rescue Talks
(DBN)

Third Circuit Applies Delaware Choice of Law Rules Allowing Subsequent Purchasers of Oil and Gas and Lenders to Prevail against Upstream Producers
(DBN)

Shorting the short: Investors bet against Icahn's oil refiner
(DBN)

The $50 Billion Backlog Of U.S. Energy Projects
(DBN)

Six Tankers Idle At Refining Complex Waiting For PDVSA Payment
(DBN)

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Banking:

As Wells Fargo's woes mount, its board may be on the firing line
(DBN)

How Many Accounts Does Wells Fargo Actually Have?
(DBN)

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Media:

Time Inc misses revenue estimates as advertising sales slip
(DBN)

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Fraud:

CEO of bankrupt cocoa co. and his son accused of massive bank fraud conspiracy
(DBN)

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Maritime:

Woeful news for Hanjin creditors Hanjin creditors can expect to get back less than two cents in the dollar
(DBN)

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Babysitting:

Co-founder of Wondersitter seeks to place firm in bankruptcy
(DBN)

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Debt Collection:

Sixth Circuit: Firm's Post-Foreclosure Conduct Does Not Violate FDCPA
(DBN)

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Agriculture:

Reaping Wild Oats – Creative Strategies Employing The Concepts Of Chapter 12 Of The Bankruptcy Code For Handling Distressed Agricultural Loans
(DBN)

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Mail:

Postal Service bets on higher stamp prices to fix woes
(DBN)

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MLM:

More on Personal Debt and Multilevel Marketing Companies
(DBN)

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Student Debt:

Student Loan Forgiveness For Public Servants Up In The Air
(DBN)

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New Bankruptcy Opinions
(7 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (36 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (6 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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Bankruptcy Statistics:

Top 10 Filing Districts
(DBN)

Filing Costs Contribute to Decline in July Bankruptcies
(DBN)

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Cross-Border:

Second Circuit Affirms Bankruptcy Court's Nullification of Chapter 15 Debtor's Sale of Claim Due to Woefully Inadequate Price
(DBN)

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Litigation:

What ‘Game Of Thrones’ Can Teach Lawyers About Trial
(DBN)

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TBTF:

Federal Reserve gives one-year 'living will' extension for some banks
(DBN)

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Bankruptcy Reform:

List Of Topics For ABI's Commission On Consumer Bankruptcy
(DBN)

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Fiduciary Duty:

Fiduciary Duty Claims of Start-up Co-Founder Denied
(DBN)

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Mediation:

Combining the “Hip Pocket” Service Rule and Early Mediation
(DBN)

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Taxis:

Uber is scaling back on US car leases as expenses pile up Uber Bailing on Car Leasing Company
(DBN)

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Personal Finance:

Here’s how much you should have saved by 35
(DBN)

The more money you make, the less vacation you get
(DBN)

Here are Americans' 3 greatest financial fears and how to avoid them
(DBN)

______________

Travel:

Airlines get the message: Passengers bumped from flights drops to lowest level in decades
(DBN)

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Autos:

VW Offers Germans $12,000 for Old Diesels
(DBN)

EX-VW Compliance Chief Pleads Guilty in Emissions Scandal, but Not Cooperating
(DBN)

Faraday Future's strange saga continues as the company moves to California plant
(DBN)

Takata seeks to suspend air bag victims' lawsuits against carmakers
(DBN)

Nissan agrees to $98 million settlement on Takata economic loss claims
(DBN)

Risk Premiums on Subprime Auto Debt Are Sinking Near Record Lows
(DBN)

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Healthcare:

Corporations: Health Care to Cost $14K in 2018
(DBN)

A startling lawsuit against CVS could blow up what you thought you knew about drug prices
(DBN)

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Direct Marketing:

Ben Suarez's company files for bankruptcy, blames federal investigation, recession for money woes Suarez Corporation Industries has filed for bankruptcy Ohio Company Declares Bankruptcy , Blames Owner's Conviction
(DBN)

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Religion:

Minnesota archdiocese: proposed bankruptcy settlement would destroy Church work
(DBN)

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Aviation:

Bankruptcy filing surprises Scottsbluff airport board
(DBN)

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UK:

North East insolvency risk rises
(DBN)

Liquor Licences for Insolvency Practitioners: Recent Developments
(DBN)

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EU:

Tools for Cleaning Up Europe's Bad Debt: 18-Wheeler and a 'Strong Stomach'
(DBN)

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Canada:

Four Canadian banks included in Fed’s ‘living will’ extension
(DBN)

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India:

Top cement players eyeing Binani assets post insolvency nod by NCLT
(DBN)

Insolvency proceedings: NCLT reserves order in Era Infra case
(DBN)

PNB puts 9 large stressed accounts under IBC resolution
(DBN)

Insolvency and Bankruptcy Code must be used with prudence: HDFC Bank senior official
(DBN)

Success of Insolvency and Bankruptcy Code can make the country an attractive choice of jurisdiction for resolving insolvency
(DBN)

The IB law applies to all stakeholders
(DBN)

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Ukraine:

Naftogaz's subsidiary asking court to declare Energomashspetsstal bankrupt
(DBN)

Guarantor can hope to get money back under IBC
(DBN)

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Russia:

Appeal against bankruptcy of Russian tycoon Ismailov dismissed
(DBN)

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Sierra Leone:

The government of Sierra Leone is bankrupt and failing to account for hundreds of millions of dollars
(DBN)

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China:

China's Bold Debt Plan
(DBN)

China Is Taking On the ‘Original Sin’ of Its Mountain of Debt
(DBN)

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