February 27, 2017

The Daily Bankruptcy News

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Law:

Latham’s revenue in 2016 is the highest ever for a law firm; equity partner profits top $3M
(DBN)

Hogan Lovells Boosts Revenue 6 Percent While Profits Remain Flat
(DBN)

Reversing Profit Decline, Covington Posts Double-Digit Growth
(DBN)

Thompson & Knight Posts Gains in Revenue and Income
(DBN)

Your Office Sucks And Is Costing You Business
(DBN)

Clifford Chance Uses Lockstep 'Super Points' to Reward Top Performers as Offices Face Profit Share Cuts
(DBN)

More dire results for publicly-listed firm Slater & Gordon as it admits survival depends on lenders
(DBN)

Brooklyn Dean: Donald Trump Is Causing A Legal Education Renaissance, Just As Woodward & Bernstein Inspired A Generation To Pursue Journalism Careers
(DBN)

Law profs seek ethics probe of lawyer Kellyanne Conway; ‘Bowling Green Massacre’ statement is cited Read The Law Professors’ Ethics Complaint Against Kellyanne Conway
(DBN)

Origination playbook: How new partners can become rainmakers
(DBN)

Law Firm Dodges Class Claims in First-of-Its-Kind Data Security Case
(DBN)

Lawyers & Low-Skill Ways to Earn Income - Emerging Rite of Passage
(DBN)

Bracewell's Revenue Drops, But Income and Partner Profits Rise
(DBN)

Presidential Candidates Name Their Firms Whatever They Want
(DBN)

Reprimand For "Sloppy And Careless" Bankruptcy Representation
(DBN)

Best Practices For Creating Your Law Firm Social Media Policy
(DBN)

The Importance Of Having A Plan B
(DBN)

More Details Emerge In The R--- Allegation Against Law Professor
(DBN)

SMU appoints youngest ever law school head
(DBN)

Editing And Filing Requires Time. Take It.
(DBN)

I’m a senior in house counsel and have been asked to take over as acting VP of HR for 6-8 months. VPs are paid more in my company so how should I approach compensation for this offer?
(DBN)

Over-50: Legal Sector Version of "La La Land"
(DBN)

The One Thing People Do To Successfully Leave The Law
(DBN)

The best new apps and updates you may have missed in February
(DBN)

Trump Asks Court to Put Travel Ban on Hold
(DBN)

Dozens of Headstones Knocked Over at Another Jewish Cemetery
(DBN)

Gay Couple Allegedly Attacked by Man Who Said, ‘You Live in Trump Country Now’
(DBN)

Drone Pilot Gets Slapped With 30 Days in Jail After Losing Control of Craft, Knocking Woman Out Cold
(DBN)

Witnesses: Bar Gunman Shouted ‘Get Out of My Country’ The infuriating silence of Donald Trump over an Indian engineer’s murder in Kansas
(DBN)

Son of boxer Muhammad Ali reportedly detained at Florida airport and asked whether he was Muslim
(DBN)

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Judges:

Public Notice for Reappointment of Incumbent Bankruptcy Judge - District of Kansas
(DBN)

Availability of a Bankruptcy Judgeship Position in the Middle District of Alabama at Montgomery
(DBN)

Availability of Two Bankruptcy Judgeship Positions in the Northern District of Georgia at Atlanta
(DBN)

Judge Neil Gorsuch on Bankruptcy
(DBN)

‘I Have a Way to Go’: Ruth Bader Ginsburg Doesn’t Plan on Retiring Anytime Soon
(DBN)

Suspended judge is reinstated after acquittal in hot-car death of his son
(DBN)

All Scrutiny Of Supreme Court Nominees Is Political
(DBN)

People’s Court Judge Joseph Wapner Has Passed Away at 97
(DBN)

A dialogue on Neil Gorsuch and what should disqualify a judge from the bench Neil Gorsuch the Law Clerk
(DBN)

Trump and The Courts: Presidential Attacks On The Courts Have A Long History
(DBN)

The First Judge Many Of You Ever Knew Has Died
(DBN)

Former Judge Reprimanded for S-- with Defendant
(DBN)

Bankruptcy Court Clerk Named As New AO Deputy Director
(DBN)

NRA's LaPierre Now Takes on the Judiciary
(DBN)

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Wall Street:

Dow futures rise 20 points; stocks set to continue their record run Dow futures inch lower after record run for blue-chip stocks
(DBN)

Stocks Close Modestly Higher On Late-Day Recovery
(DBN)

Goldman Sachs thinks the Trump rally in stocks is doomed
(DBN)

Warren Buffett: We never said the stocks we like are ‘forever’ Buffett blasts hedge funds Buffett: Here’s when ‘adjusted earnings’ make us cringe Warren Buffett says U.S. stocks are not in bubble territory
(DBN)

Look out below! Marc 'Dr. Doom' Faber sees market selling triggering an 'avalanche'
(DBN)

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Layoffs:

Ex-Quiksilver employees seeking $7 million in severance settle for $132000
(DBN)

Lockheed Martin to move 650 Sunnyvale jobs out of state
(DBN)

Wendy's plans 1,000 Self Ordering Kiosks
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Retailing:

JC Penney to close 130 to 140 stores, sales dip
(DBN)

JC Penney Shrinks, Family Christian Closes - Economic Change Is Harsh But Necessary
(DBN)

How Sears went from retail icon to empty stores Is There An Upside To The Sears Debacle?
(DBN)

How Nasty Gal Went From an $85 Million Company to Bankruptcy
(DBN)

Macy's Troubles Can Soon Bring A Buying Opportunity
(DBN)

Which mall stores are in danger of closing?
(DBN)

Electronics retailer hhgregg could file for bankruptcy next month
(DBN)

Debt-struck US retailers get ingenious in avoiding it
(DBN)

A Trump voter’s message to retailers: ‘Keep your mouths shut about our president’
(DBN)

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Fraud:

Lindemuth wants federal trial moved to KCK
(DBN)

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Autos:

Tesla: Capital Raise Now, Or Bankruptcy In 4 Months Musk Slams Union Drive, Promises Yogurt Tesla's Troubles are Just Beginning
(DBN)

Japan's Takata may reverse course and setup compensation fund
(DBN)

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Pensions:

Pension Funds Hope to Close the Gap Through Trump Tax Policies
(DBN)

Public pensions are in better shape than you think
(DBN)

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Accounting:

And the Oscar loser is…PwC apologizes for its role in best picture drama
(DBN)

Mediation Fails in MF Global's $1B PwC Malpractice Suit Mediation Fails in MF Global Case, Setting Stage for Trial
(DBN)

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Hedge Funds:

Buffett's not the only one mad at hedge funds, with more investors likely to yank cash this year
(DBN)

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Shipping:

Hanjin creditors will recover little as carrier's assets yield low liquidation value
(DBN)

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Economy:

Buffett Upbeat on US Business Growth
(DBN)

How Americans really feel about their country on 33 key issues, and how that has changed over 40 years
(DBN)

GE Chief: Globalization Isn't Over, It Is the End of the 'Global Elite'
(DBN)

Senate Poised to Confirm Wilbur Ross as Commerce Secretary
(DBN)

Mexico's retaliation against Trump may be taking shape Warren Buffett credits 'miraculous' America in part to 'tide of talented and ambitious immigrants' Confusion Continues on Trump’s Take on Border Adjustment
(DBN)

Trump's immigration plans could cripple the US economy Trump's Deportation Plan Is Economic Suicide Animated map shows the US metropolitan areas where the most immigrants are living illegally Indian Workers in U.S. Fear Trump H-1B Visa Crackdown
(DBN)

Fed: GOP Border Tax Would Hurt Exports
(DBN)

Shares of Consumer Debt 90+ Days Late
(DBN)

There are 3 big 'ifs' to watch in Trump's agenda
(DBN)

Trump v. Trump on Global Economy
(DBN)

The world's foremost authority on trade could be Trump's next target
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

JCPenney closures signal more pain for shopping malls Mall REITs rocked by news of J.C. Penney store closures
(DBN)

Bankruptcy Court’s Mortgage Mediation Program a Success
(DBN)

First American: Mortgage lending takes riskier turn in 2017
(DBN)

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Municipalities:

Joseph Stiglitz, the Nobel Laureate, on Saving Puerto Rico
(DBN)

In Puerto Rico, pensions' decline pits retirees against lenders
(DBN)

DDR's Puerto Rican exit likely will be methodical
(DBN)

How will the debt crisis impact Puerto Rico's chance at statehood?
(DBN)

Puerto Rico governor meets with top US officials amid crisis Puerto Rico governor hopes for 'open dialogue'
(DBN)

Nebraska county with few people, assets faces huge judgment Botched trial leads to $30 million judgment for Nebraska county that can’t pay
(DBN)

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Oil/Gas:

Feds also targeting Uresti's consulting company
(DBN)

Loss Widens For Calumet Specialty
(DBN)

Seadrill: A Value Trap
(DBN)

Where OPEC is getting it all wrong on oil prices: energy economist
(DBN)

Oil prices rise modestly, overshadowed by signs of rising U.S. production
(DBN)

Texas leads sixth straight jump in rig count
(DBN)

The 3 major risks keeping oil executives up at night
(DBN)

Why oil prices will never return to $100 a barrel, in one chart
(DBN)

Record Gasoline Glut on East Coast
(DBN)

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Politics:

Trump tweets wildly misleading comparison of the national debt in his first month to Obama's Trump condemns anonymous sources as staff demands anonymity
Bernie Sanders taunts Trump with photos of inauguration crowd after Trump says a rally of his voters would be the 'biggest' Poll finds widespread disapproval of Trump, but also unlikely support New national security adviser distances himself from Trump: Saying 'radical Islamic terrorism' is not helpful Reporters from New York Times and CNN blocked from attending a White House press briefing Top Democratic senator on Russia investigation: 'This may very well be the most important thing I do in my public life' GOP congressman says Congress needs special prosecutor to investigate Russian election interference Key Lawmaker Questions Senate Russia Probe After Trump Contacts Trump’s nominee for Navy secretary bows out Trump to address nation sandbagged with record low approval rating Trump's Great Chance to Tell Us What He Really Wants Trump will push for higher defense spending: Report Trump Out on Correspondent's Dinner Trump Undermines Claims He's for the Worker
(DBN)

Tom Perez New Democratic Party Chair
(DBN)

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Marijuana:

The Trump administration's vow to crack down on marijuana has 'unnerved' investors and caused stocks to tumble
(DBN)

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Asset Protection:

Hiding Assets In Kids' Companies Results In Denial Of Discharge In Cork
(DBN)

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Lehman:

Lehman Brokerage Trustee Seeks OK For $228M Distribution
(DBN)

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Healthcare:

Hospital Declares Bankruptcy After $51M Aetna Loss
(DBN)

Humble Surgical Hospital files for bankruptcy
(DBN)

Spokane physicians struggle to explain reasons behind their $191 million bankruptcy
(DBN)

Kasich: GOP may need Democrats to ensure health coverage for millions Trump to lay out details on Obamacare overhaul in speech to Congress Voted for Trump, Likely to Lose Insurance Coverage May Decline With Obamacare Repeal, Governors Told Draft of GOP Obamacare Bill Removes Individual Mandate, Income-Based Discounts John Oliver Compares Republicans' Health Care Coverage To Your Dad in a Thong GOP may set Affordable Care Act repeal into motion this week
(DBN)

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Wood Pellets:

Drax Submits Initial Bids For Bankruptcy Auction Of Distressed Pellet Plants
(DBN)

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Media:

Gawker founder files documents to dismiss bankruptcy
(DBN)

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Gambling:

Trump Entertainment Needs More Time To Finish With Claims
(DBN)

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Religion:

Church in Youngstown owing $1.6M files for bankruptcy
(DBN)

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Nuclear:

Toshiba Says Not Aware Westinghouse Considering Chapter 11 Filing
(DBN)

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Waste:

Actions of bankrupt electronics recycling firm scrutinized in Kentucky court
(DBN)

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Solar:

Former SunEdison Executives File Whistleblower Lawsuits
(DBN)

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Delivery:

Dunham Express abruptly shuts down operations | Duluth News Tribune
(DBN)

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Credit Counseling:

CFPB Wants $107M Judgment Approved In Debt-Scam Suit
(DBN)

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Distressed Investing:

No shield law protection for pricey distressed debt news outfit: N.Y. judge
(DBN)

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Banking:

Deutsche Bank cut its bonus pool by a 'frustrating' 80%
(DBN)

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Coal:

Trump administration blocks changes on coal mining royalties
(DBN)

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New Bankruptcy Opinions
(8 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (27 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (86 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:

Parking tickets to blame for Chicago having most consumer bankruptcy filings in nation
(DBN)

For 2017 year-to-date, ch. 11 cases w/ over $10M in liabilities are 29.2% consumer discretionary, last year: 11.2%
(DBN)

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Bankruptcy Rules:

Meeting of The Judicial Conference Advisory; Committee on Rules of Bankruptcy Procedure
(DBN)

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Tax:

IRS Presses High Court To Refuse Tax Discharge Dispute
(DBN)

Don't Rob Peter to Pay Paul
(DBN)

Sixth Circuit Thwarts Tennessee in Jacking Up Interest Rate on Tax Claims
(DBN)

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Professional Compensation:

Paid Rejection: Bankruptcy Court Allows Professional Fees Despite Trustee’s Flawed Strategy
(DBN)

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Notice:

Bar Date Not Extended Three Days for Service by Mail
(DBN)

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Celebs:

Mayweather almost bankrupt due to extravagant spending
(DBN)

Bankruptcy fraud sentencing for 'Dance Moms' star now set for May
(DBN)

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Fashion:

Fashion house BCBG Max Azria prepares for bankruptcy
(DBN)

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Chemicals:

Vertellus Ch. 11 Remnants Win Plan Confirmation In Del.
(DBN)

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Celebs:

Final Hearing Set For Sly Stone's Ex-Manager's Bankruptcy
(DBN)

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MLM:

Multilevel marketing companies promise prosperity to the desperate — so they're thrilled about Trump
(DBN)

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Sovereigns:

Marblegate and the Use of Exit Consents to Restructure (Venezuelan) Sovereign Debt
(DBN)

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Steel:

Essar Steel Seeks Approval Of Union Deals For Minn. Plant
(DBN)

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Taxis:

Uber is Doomed
(DBN)

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Radio:

Cumulus Media refinancing plan rejected by U.S. judge
(DBN)

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Prisons:

Private Prisons: Here's Why Sessions' Memo Matters
(DBN)

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UK:

Restructuring: The UK's Place in the World
(DBN)

Shape up or you'll go bust, Birmingham council told
(DBN)

Royal Bank of Scotland : Annual net loss widens to £7bn
(DBN)

Interest rate rise could push 18000 more into bankruptcy
(DBN)

British pound falls as worries over Scotland emerge again FTSE 100 travels higher as pound drops on Scotland vote fears
(DBN)

HMRC cracks down on SME directors
(DBN)

Business rates a 'ticking time bomb' for small firms
(DBN)

U.K. Services Firms Plan to Increase Prices by Most in a Decade
(DBN)

Wanted: Post-Brexit Trade Lawyers Willing to Work on the Cheap
(DBN)

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PIIGS:

When recession turns to depression: Greece's descent into poverty captured in photographs
(DBN)

The Greek debt disaster isn’t just a financial issue, it is a humanitarian one
(DBN)

Greece's Tsipras: the era of austerity is over
(DBN)

No debt relief for Greece, Germany's deputy finance minister says Poll: Half of Germans against granting debt relief for Greece Return of bailout monitors fails to lift Greek gloom Greek recovery could be hit without bailout review soon
(DBN)

The IMF-Berlin Back and Forth Might Cost Greece
(DBN)

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Canada:

Canada's lawyers face pressure over fees
(DBN)

Garth Drabinsky seeks to move forward with comeback musical 'Sousatzka'
(DBN)

Have The Majors Given Up On Canada’s Oil Sands
(DBN)

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Brazil:

‘No Chance’ Brazil Government Waives Oi Debt, Minister Says
(DBN)

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Australia:

Mining downturn: Widespread bankruptcy in once-booming towns
(DBN)

Essar's Minnesota Iron-Ore Project Presses Forward with Restructuring
(DBN)

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Japan:

JAL's novice pilots grounded by 2010 bankruptcy finally take wing
(DBN)

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Pakistan:

Pakistan's debt dilemma
(DBN)

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China:

China bankruptcy cases surge as economy slows
(DBN)

'Made in China' isn't so cheap anymore, and that could spell headache for Beijing
(DBN)

'Bad Banks' Spread Across China
(DBN)

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Russia:

Yukos saga continues as Russia bound by provisional application of Energy Charter Treaty
(DBN)

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Germany:

International Update: German Supreme Tax Court Abolishes German Restructuring Privilege
(DBN)

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