February 17, 2017

The Daily Bankruptcy News

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Due to the Presidents' Day holiday, The Daily Bankruptcy News will not publish on Monday, February 20, 2017



Law:

Associate Bonus Watch: Huge Smiles At A Huge Law Firm
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Presidential Law Schools
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Locke Lord's Revenue Down But Income Up
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Dewey Ex-Finance Head Says Accounting Fix Was Wrong
(DBN)

The Original Firm Culture
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Familiar With Life's Hurdles, Big Law Partner Seeks Partnership Track Reform
(DBN)

Microsoft is Overhauling How it Hires Outside Law Firms
(DBN)

Will Trump make legal infrastructure ‘great again’?
(DBN)

Is Donald Trump Making Law School Great Again?
(DBN)

Amid Departures, Pepper Hamilton Revenue Drops 10 Percent, PPP Down 28 Percent
(DBN)

Some in-house legal departments use encrypted emails to communicate with their law firms
(DBN)

Millennials will let you know how to work with them
(DBN)

LawProse Lesson: Introducing quotations with an effective lead-in.
(DBN)

Charlotte Law School Excels At Making Enemies Everywhere
(DBN)

Law Firm Basics: Focus On Cybersecurity Best Practices
(DBN)

Doctor is convicted of felony for botched surgery; prosecutors said his hands were deadly weapons
(DBN)

Woman in courthouse to obtain protective order is arrested by ICE agents
(DBN)

Trump gives up on immigration-ban court battle — new executive order coming next week The White House has found ways to end protection for Dreamers while shielding Trump from blowback Trump will revise travel ban; government brief says lawful permanent residents not affected Trump Won’t Keep Fighting For Old Travel Ban, Tells Court He’s Writing A New One
(DBN)

Trump's Israel ambassador pick, a bankruptcy lawyer, has deep ties to West Bank settlements Trump’s Pick for Ambassador to Israel Takes It All Back Five Towns Residents Stand Behind Friedman As He Faces Confirmation Hearings Trump's pick for ambassador to Israel faces hecklers and tough questions
(DBN)

The Left’s Political Bloodthirst Becomes Legal Perversion
(DBN)

Federal prison likely recorded hundreds of lawyer-client meetings; class action is filed
(DBN)

A key witness says 'Jinx' subject Robert Durst admitted he killed his wife to future victim
(DBN)

Judge orders Trump's EPA pick to turn over more than 3,000 emails with fossil fuel companies the night before his confirmation
(DBN)

What To Talk About With Your Mentee
(DBN)

Judge Tosses Out Defamation Suit Against Bill Cosby
(DBN)

Viola Davis Elevates Mediocre Material On ‘How To Get Away With Murder’
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Judges:

Anthony Kennedy Doesn’t Sound Like A Trump Fan
(DBN)

Former law clerks herald Supreme Court nominee Neil Gorsuch's independence Scaling Judge Gorsuch’s Opinions: Hints of a Possible Centrist Judge Gorsuch Shows Sensitivity to First Amendment Issues New AFJ Report Finds Gorsuch “Not Qualified” for Supreme Court Judge Gorsuch, a Judicious Writer Senate hearings for Supreme Court pick to begin March 20 Decoding Gorsuch’s picks for his 10 ‘most significant’ opinions The Date's Set. Now What Should the Senate #AskGorsuch?
(DBN)

Email reportedly sent by Justice Thomas’ wife could raise recusal issues
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Wall Street:

Wall Street Looks Set to Open Lower as Stock Futures Retreat Again
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Stocks Fall
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Layoffs:

PeaceHealth will lay off 330 in Oregon and Washington
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Steel services contractor laying off 149 workers in East Chicago
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National and State by State Unemployment Rates
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Animated Map of Unemployment
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Education:

Colleges, Faced With Funding Cuts, Target Tenure Trims
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Shipping:

Hanjin Shipping ends 40 years of sailing S.Korea court declares Hanjin Shipping bankrupt Hanjin: Final curtain falls on shipping saga
(DBN)

What's Ahead for Shipping After Hanjin's Bankruptcy ?
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Autos:

Beepi Winding Down After Burning Through $150 Million
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Trucking:

Economic Tsunami to Crash Over Truckers
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Celebs:

So Selfish! Teresa Giudice’s Ex Lawyer Files Explosive Appeal In Malpractice Suit
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Lehman:

JPMorgan's $797M Settlement With Lehman Gets Court Blessing
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Economy:

There are signs that Trump is preparing a 'hostile takeover' of the Fed
(DBN)

All that money printing is finally producing inflation
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Philly Fed: Manufacturing Conditions Continued to Improve in February
(DBN)

Weekly Initial Unemployment Claims increase to 239,000
(DBN)

Trump Nominates Law School Dean To Labor Secretary Trump nominates law dean of Florida International University for labor secretary Shameful Way That Trump’s New Labor Secretary Pick Protected Billionaire Jeffrey Epstein When Alex Acosta and Chief Justice Roberts Rubbed Elbows Alex Acosta, Former Kirkland Lawyer, Is New Labor Nominee: Five Facts
(DBN)

US household debt almost at pre-recession levels NY Fed: Household Debt Increases Substantially, Approaching Previous Peak
(DBN)

With $15 in the bank and loads of debt, one baby boomer trades California for Iowa With $15 Left in the Bank, a Baby Boomer Makes Peace With Less
(DBN)

The US economy may be catching up to America's Trump-inspired enthusiasm
(DBN)

Trump Border Adjustment Tax: Retail Should Hate It
(DBN)

Greenspan: Cry of Pain Led to Trump, Brexit
(DBN)

Trump’s tax reform looks like just another of his tweets
(DBN)

US Debt Clock
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World Debt Clock
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Economic Indicators Dashboard
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Real Estate:

Housing Starts at 1.246 Million Annual Rate in January Comments on January Housing Starts
(DBN)

Top aide to Ben Carson fired from HUD, reportedly for criticizing Trump
(DBN)

Freddie Mac: Mortgage rates suddenly stopped following 10-year Treasury yield
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Municipalities:

Loads of Americans are moving to these 10 cities
(DBN)

GAO seeks to prevent a Puerto Rico GAO to review public debt burden in Guam, Marianas
(DBN)

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Oil/Gas:

Oil prices rise moderately on hopes for more cuts from OPEC Oil firms as Opec floats extended output cut, markets still bloated
(DBN)

Record High Oil Inventories Crush Hopes For $70 Oil
(DBN)

Gloom lifts from industry as oil deal makers come to town
(DBN)

Americans are facing a $50 billion headwind
(DBN)

Trump Burning Bridges In Iraq Over “Take The Oil ” Comments
(DBN)

Paragon Defends Bid For More Time To File Ch. 11 Plan
(DBN)

Oil and gas deal makers say rebound is here
(DBN)

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Politics:

Michael Flynn reportedly told the FBI that he never discussed sanctions with Russia's ambassador Separating Fact From Innuendo in the Flynn Fiasco Strangest Press Conference Ever Held by a President 8 Craziest Moments of Trump's Conference Trump tweets press conference praise: 'Rush Limbaugh said one of greatest ever' FactCheck: Trump - I Inherited a Mess 'A very insulting question': Trump snaps at reporter asking about rising anti-Semitism 'Why should Americans trust you?': Reporter confronts Trump on false claim he had largest Electoral College victory since Reagan Trump unloads on New York Times over bombshell Russia story: 'It's a joke' Munger: Trump Not Wrong on Everything 'Are they friends of yours?': Trump asked a black reporter to set up a meeting with the Congressional Black Caucus US intelligence agencies are reportedly withholding sensitive information from Trump for fear of leaks The Spectacle of Trump Acting Presidential Trump's top choice for national security adviser just said no to the job Fox News host Shepard Smith slams Trump for dodging on Russia: 'We are not fools for asking this question' Time Magazine: Inside the White House Chaos
(DBN)

Suburban women ditch Nordstrom and go on a cash-waving rampage at Dillard's to support Ivanka Trump
(DBN)

Trump family’s elaborate lifestyle is a ‘logistical nightmare’ — at taxpayer expense It's costing a fortune to protect the Trump family
(DBN)

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Bankruptcy Crimes:

Man accused of filing false bankruptcy petitions to prevent sheriff sale: US attorney
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Mass Torts:

U.S. House Panel Approves Asbestos 'Double-Dipping,' Litigation Reform Bills
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Fraud:

Founder Of BlueHippo, Itself Underwater, Files For Ch. 7
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Towing:

Company managing San Antonio's towing operations files for Chapter 11 bankruptcy
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Debt Collection:

The Alchemist’s Guide to Post-Judgment Collections
(DBN)

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Healthcare:

Delaware Judge Swiftly Transfers Hospital Case
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Hospitality/Leisure:

Motion seeks OK to sell convention center for $6.5M
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Food/Beverage:

Restaurant operator Unique Ventures files Chapter 11
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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 (17 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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Guaranties:

Lenders Seeking Loan Modification After Bankruptcy, Beware!
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Jurisdiction:

Fisker Fight Over Karma Share Issue Retained By Del. Court
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Discharge:

Circuits Now Split on Dischargeability for Third Party’s Violation of Securities Laws
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Claims Trading:

Supreme Court Unlikely to Decide Whether Claim Purchaser Takes Seller’s Insider Status
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Avoidance Actions:

California State Court Rules That Released Parties Remain Liable For A Settlement Payment That Is Later Deemed To Be A Preferential Transfer And Is Disgorged From The Creditor
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Structured Dismissal:

U.S. Supreme Court to Decide Fate of Structured Dismissals
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Insiders:

Trustee’s Claims Against Insiders For Their Action (or Inaction) in the Face of Insolvency Survives Motion to Dismiss Despite Exculpation, Business Judgment, and Deepening Insolvency Defenses
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Mediation:

Can a Lender Encourage its Borrower to Mediate a Dispute With a Third Party, Without Incurring Lender Liability Risks?
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Retailing:

'Sad day' as judge rules on MC Sports bankruptcy
(DBN)

Retail Industry Credit Ratings Continue Shift to High Risk
(DBN)

Sunrise Brands bids for bankrupt The Limited: sources
(DBN)

Is Retail Contagion Spreading To Class A Malls?
(DBN)

Why Are So Many US Stores Struggling?
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Fantasy Sports:

Fantasy Aces Hires Lawyer as Questions Emerge About Players' Accounts
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Electricity:

Texas Utility Giant EFH Poised To Exit Bankruptcy After Three Years
(DBN)

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UK:

One in four Brits to retire in debt in 2017
(DBN)

English Court considers the issue of COMI location for 3 Jersey companies
(DBN)

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PIIGS:

Varoufakis Calls Greek Debt 'Extend and Pretend' Greece will run out of money in July and its creditors can't agree on what to do Greeks in bank run as deal with creditors uncertain EU official rules out review wrap-up before Eurogroup
(DBN)

Yanis Varoufakis: Trump is risking a US debt crisis with 'skyrocketing deficits'
(DBN)

Abengoa Bioenergy creditors settle asset sale distributions
(DBN)

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Singapore:

Bankrupts here discharged at record rate in 2016
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MENA:

The UAE’s New Bankruptcy Law – A Bankable Solution?
(DBN)

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