February 3, 2017

The Daily Bankruptcy News

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Law:

Norton Rose and Chadbourne confirm merger discussions Norton Rose in Late Stage Merger Talks with Chadbourne Norton Rose Fulbright angling for New York tie-up Norton Rose Fulbright targets US merger with Chadbourne & Parke Norton Rose Fulbright, Chadbourne Close In On Merger As Project Pipeline Thaws
(DBN)

Kirkland guards against currency fluctuations with new salary cap Kirkland & Ellis introduces salary cap after currency fluctuations saw London NQ dollar-pegged pay packets swell to over £140,000
(DBN)

What It Costs When Talent Walks Out the Door
(DBN)

Hogan Lovells calls on partners to pay in 50m extra capital
(DBN)

Two Experienced Restructuring Attorneys Join Warner Norcross
(DBN)

Waller Names New Bankruptcy Partner
(DBN)

Deans Of 20 Of California's 21 ABA-Accredited Law Schools Ask State Supreme Court To Lower Bar Exam Pass Score
(DBN)

LSAT scores at high-risk schools getting worse, according to analysis by law school reform group
(DBN)

Bankruptcy Atty Fights 51 Motions To End His FCRA War
(DBN)

Trump's Immigration Order Faces Mounting Legal Questions There's No Quick Fix to Trump's Immigration Ban Virginia Looks to Hold Trump in Contempt of Court for Violating Order Regarding Travel Ban How the Courts Could See Their Way to Striking Down the Trump Travel Ban Trump's Immigration Rules Unconstitutional DHS Agents Ignoring Halt on Trump Travel Ban, Lawyer Says Beneath the Chaos, Strategies Coalesce in Suits Against Trump President Trump Now Faces 39 Federal Lawsuits Related to His Immigration Ban Trump Admin Obeys Court Order, Returns First Person Deported Under Travel Ban Iranian Man Barred From Entering US Lands at LAX A top White House adviser cited a fake terror attack to justify Trump's immigration ban
(DBN)

Trump to Destroy Establishment Clause
(DBN)

Will Donald Trump Solve The Law School Crisis?
(DBN)

Will Donald Trump Be Held In Contempt Of Court?
(DBN)

The 5 Best Types Of SmallLaw Lawyers
(DBN)

Is Big Law Falling Behind on Legal Tech?
(DBN)

The Most Reprehensible Thing Charlotte Law Has Done — And That’s Saying Something
(DBN)

Inside Legal's Ongoing Struggles With Information Security
(DBN)

Dairy Queen manager accused of ridiculing teen worker is charged in his suicide
(DBN)

Georgetown Law Prof Busted For Selling Meth
(DBN)

Power Niche Marketing: What Is A Power Niche?
(DBN)

How To Mentor Without Overshadowing Your Mentee
(DBN)

Willkie Farr partner caught in office s-- by six lawyers
(DBN)

Jailed partner wins “Lawyer of the Year"
(DBN)

Trump Named in 50 New Lawsuits
(DBN)

Jeff Sessions and the Trump White House
(DBN)

Damning texts between ex-Baylor coach Briles, other officials revealed in new court records
(DBN)

Stanford Law Prof's Novel Satirizes 'U.S. News' Rankings Horse Race
(DBN)

Wiley Rein Associate, 'Ivy,' No Stranger to NFL's Super Bowl
(DBN)

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Judges:

Litigators Beware! Judge Gorsuch is a Stickler on Procedural Matters (Except When He Isn't)
(DBN)

Judge Neil Gorsuch’s Bankruptcy Opinions – Part 1
(DBN)

Trump's Supreme Court nominee is so 'textualist' he once diagrammed a sentence to prove a point Republicans Exhale With Trump’s Supreme Court Choice of Gorsuch Scalia’s Legacy Lives On In Trump’s SCOTUS Nominee Judge Neil Gorsuch Has Admirers Across the Ideological Spectrum Antonin Scalia meets Jimmy Stewart Seven Cases Where the Supreme Court Sided With Neil Gorsuch (And One Time it Didn’t) Neil Gorsuch and Justices Past Ask Neil Gorsuch about Merrick Garland Thank God for Harry Reid Judge Gorsuch by the Numbers and Decisions Ignore the attacks on Neil Gorsuch. He’s an intellectual giant — and a good man. A Precedent for Democrats on the Classy Way to Handle Neil Gorsuch Liberals Have No Case Against Gorsuch Fighting Gorsuch is hopeless. Democrats should do it anyway Gorsuch Qualified, but Must Not be Confirmed Liberals Will Not Like How This Revenge Plot Ends Can the Democrats Be as Stubborn as Mitch McConnell? Pay No Attention to the Gorsuch Hysteria
(DBN)

A Far Better Supreme Court Strategy for Furious Democrats? Holding Fire
(DBN)

BK WD NC: Vacancy - United States Bankruptcy Administrator
(DBN)

Elie v. FIU Law Professor: Listen For The Fight, Stay For The Caller Who Thinks Scalia Was Murdered
(DBN)

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Wall Street:

US stock futures creep up ahead of jobs report
(DBN)

Stocks close mostly flat
(DBN)

Wall Street's feeling good about the first jobs report under Trump
(DBN)

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Layoffs:

Ideal Snacks sued for 2015 mass layoff
(DBN)

Staples to lay off more off than 200
(DBN)

Deutsche Bank to slash equities, fixed-income jobs
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Celebs:

A guide to Johnny Depp's 'extravagant and extreme' $2 million-a-month lifestyle How to avoid Johnny Depp’s financial fate
(DBN)

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Healthcare:

The biggest health insurers are freaking out about the uncertainty surrounding Obamacare's repeal — and it could cause a dreaded 'death spiral' U.S. House conservatives say 'hurry up' on Obamacare repeal The GOP’s ‘Repeal and Replace’ Obamacare Is Becoming ‘Repair and Fix’ Poll: Obamacare Becoming More Popular Obamacare’s Unlikely Defenders
(DBN)

Health Co. Settles $4.5M Lab Claim In Ch. 11
(DBN)

Petition for Writ of Certiorari in Supreme Court on Jurisdictional Debate Regarding Bankruptcy and Medicare

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Retailing:

Teen apparel retailer Wet Seal files for bankruptcy Teen Retailer Wet Seal Slips Into Bankruptcy Wet Seal Files For Second Bankruptcy Since 2015 Wet Seal Files For Bankruptcy Following Store Closures New Delaware Chapter 11 Filing – The Wet Seal, LLC
(DBN)

America’s retailers are warning that a Republican tax plan could make goods 20% more expensive
(DBN)

10 more states will now collect sales taxes from Amazon shoppers
(DBN)

Reorganize Now or Liquidate Later?
(DBN)

J.Crew Sues Lenders to Block Potential Default Declaration
(DBN)

U.S. Retail Bankruptcies Skyrocket in 2016; Grim Outlook for the Industry
(DBN)

Nordstrom has officially cut ties with Ivanka Trump's brand
(DBN)

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Shipping:

Sails lowered for good on Hanjin
(DBN)

Problems mount at Ezra Holdings – US$170 million write-down anticipated
(DBN)

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Politics:

No, Trump Did Not Just Roll Back Sanctions on Russia In Trump’s White House, Even the Leakers Can’t Get Their Stories Straight Trump Team Wants to Replace All IGs Campaign Millions Went to Trump Firms
(DBN)

After a massive backlash, a Republican yanks his bill to sell off public lands
(DBN)

Lest We Forget: The Bowling Green Massacre????
(DBN)

Americans Swamping Congress with Concerns
(DBN)

The president has awakened the slumbering beast that felled presidents before him: the federal bureaucracy
(DBN)

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Coal:

Time to Dump Coal Dust Back into Rivers
(DBN)

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Economy:

Minimum-Wage Increases May Deliver the Best Wage Growth In Eight Years
(DBN)

Fed's Influence Wanes as Markets Take a Cue From Policies
(DBN)

Fed Chair Faces Trump Axe
(DBN)

U.S. CEOs to meet with Trump amid tension over his policies
(DBN)

What to watch in the January jobs report
(DBN)

One Unpaid Ticket and Into Poverty
(DBN)

Manufacturing Index Increased Slightly in January
(DBN)

You Won’t Believe What's Driving the Economy
(DBN)

Audi is under a heap of criticism over its gender pay equality Super Bowl ad
(DBN)

8 years and counting: Economy could set record with no recession in sight
(DBN)

Weekly Initial Unemployment Claims decrease to 246,000
(DBN)

Five Things Donald Trump Said About the Jobs Report Before He Was President
(DBN)

Goldman: January Employment Preview January Employment Preview
(DBN)

Productivity slows to 1.3 percent rate in Q4
(DBN)

Now that he's president, Trump might decide to admit the economy is pretty good
(DBN)

Initial jobless claims have been below 300,000 for 100 weeks
(DBN)

Twitter staff are donating almost $1.6 million to fight Trump's immigration ban The Department of Homeland Security's watchdog agency is reviewing Trump's travel ban
(DBN)

Albert Edwards: Trump is 'a neo-liberal nightmare,' but part of his economic policy 'makes perfect sense'
(DBN)

What the White House Said About Its Plans for H-1B Visas Tech industry opposition to Trump travel ban escalates President Trump's meeting with Harley could shine light on this corporate immigration issue Trump May Try to Weed Out Immigrants Who Cost Taxpayers $279 Billion Annually Elon Musk says he will object to Trump's immigration order Trump says his travel ban needed to ensure U.S. religious freedom This country may be next on Trump's travel ban A Visa Ban - Just Not for Trump's Workers
(DBN)

Why the White House seems a little jealous of Germany
(DBN)

Trump says he would like to speed up NAFTA talks 'Maybe we do a new NAFTA with an extra "F"' NAFTA Does Need Updating NAFTA redo could cost US energy companies , farmers big time Texas GOP Afraid to Tell Trump He's Cratering Our Economy
(DBN)

Trump Treasury nominee Mnuchin sued in renewed fraud case
(DBN)

Impatience over Trump tax cuts is growing Lawyers: US Tax Plans Violate WTO Rules
(DBN)

Government Economists Are Going to Produce Statistics Trump Doesn't Like
(DBN)

Samsung may manufacture devices in the US to please President Trump
(DBN)

GE, Boeing, Oracle form coalition to support Republican border tax
(DBN)

Uber CEO Travis Kalanick leaves President Trump’s advisory council Elon Musk Distances Himself from Trump Elon Musk just said he's staying on Trump advisory council in wake of criticism
(DBN)

Here's the memo the world's largest investor, BlackRock CEO Larry Fink, just sent to staff on these 'uneasy' times
(DBN)

US Allies Troubled and Feel Threatened
(DBN)

Hoping to cash in on US infrastructure projects, Japan readies package for Trump to help create 700,000 U.S. jobs Abe says Japan to show 'unwavering alliance' with U.S. under Trump
(DBN)

The problem with ‘inner cities’ isn’t the ‘carnage’ Trump describes
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Trial ends for foreclosure law firm accused of conspiring to inflate prices
(DBN)

Mortgage rates are flat this week
(DBN)

America the Stuck - A record-low share of Americans are moving
(DBN)

Thanks to Boomers, This Housing Sector Is Hot
(DBN)

FL: Bankruptcy court sale of Publix-anchored center falls through, auction planned
(DBN)

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Municipalities:

Gary bailout bill clears Senate committee
(DBN)

With 6 Days Cash On Hand For Territory, Finance Commissioner Talks About Next Steps For U.S. Virgin Islands
(DBN)

Texas Governor Blocks Funding for Austin Because It’s a Sanctuary City
(DBN)

CT: Malloy proposes plan to help struggling municipalities
(DBN)

Is the Dallas Police and Fire Pension typical of Texas plans?
(DBN)

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Oil/Gas:

Oil Patch Bankruptcy Total Rises To $110 Billion
(DBN)

The 150,000 Oil Jobs That May Never Come Back
(DBN)

Oil Retreats From One-Month High as OPEC Seen Having to Cut More
(DBN)

Thurs.: Oil prices wobble as traders weigh OPEC output cuts against rise in US stockpiles Oil Prices Stuck In Narrow Band, Capped By U.S. Shale Threat Oil up on hopes over production cuts, but investors wary over U.S. politics
(DBN)

Has Big Oil Bought Into The Oil Price Recovery?
(DBN)

It’s ambitious to think that oil prices could reach $65: IEA
(DBN)

Why the oil market shrugs at Trump’s warning to Iran Iran is 'on notice': What Flynn meant and how the White House may have miscalculated US Readies New Sanctions on Iran Oil edges up on threat of U.S. issuing new Iran sanctions Trump: 'Iran is playing with fire' and I won't be as nice as Obama
(DBN)

Saudis Raise March Crude Prices For All Customers
(DBN)

Seadrill Restructuring: Danger For The Industry?
(DBN)

Trump Policies Raise Alarm Among Some in Oil Industry
(DBN)

Houston's Vanguard Natural Resources files for bankruptcy Vanguard Taps Paul Hastings in Latest Big Energy Bankruptcy Vanguard Natural Resources Filed For Bankruptcy - Some Insight
(DBN)

Oil Industry’s Struggles Start to Ease as Shell Reduces Debt
(DBN)

Weatherford cutting thousands more jobs, selling fracking business
(DBN)

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Fraud:

Madoff victims' recovery tops $9.7 billion with new payout
(DBN)

'What the ---- kind of bank is this?': The moment the biggest financial conspiracy ever seen started to fall apart
(DBN)

An imposter claiming to be Drake's manager tried to sell the rapper's $20 million home without his permission
(DBN)

Move over Mr. Robot: here are two new business scams to watch out for
(DBN)

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Advisors:

Lazard Revenue Rises as Restructuring Business Helps Results
(DBN)

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Celebs:

Judge discharges bankruptcy after 50 Cent pays $22 million
(DBN)

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Metals:

Essar Steel Algoma's Secured Creditors Issues Statement Regarding Essar Global
(DBN)

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Hotels:

Settlement would usher Tucson's Lodge on the Desert out of bankruptcy
(DBN)

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Non-Profits:

Shuttered adoption agency still hasn't filed bankruptcy
(DBN)

Couple lose $20K when adoption agency goes bankrupt
(DBN)

Shutdown of national adoption agency has ripple effect
(DBN)

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Auto Racing:

Ex-Grand Prix head charged in assault
(DBN)

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Mining:

Drowning in Debt to Swimming in Cash, Miners Told to Pay Up
(DBN)

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Derivatives:

MetLife: $3.2 Billion in Derivative Losses
(DBN)

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Food/Beverage:

Fresh & Easy Ch. 11 Plan Includes $21.5M From PE Arm
(DBN)

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New Bankruptcy Opinions
(2 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (24 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (4 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)

______________

TIA:

Second Circuit Reverses SDNY and Clarifies Right to Payment Under Section 316(b) of the Trust Indenture Act
(DBN)

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Bankruptcy Humor:

Jerome Frank's argument for the absolute priority rule in bankruptcy
(DBN)

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Litigation:

Work-Product or Memory Refresher? Court Requires Disclosure of Witness’s Pre-Depo Doc Review
(DBN)

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Workouts:

Handy List of Basic Issues to Consider for the Transactional Workout
(DBN)

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Mediation:

Can a Party to a Mediation Agreement Oppose Its Court Approval?
(DBN)

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Bankruptcy Policy:

The Empty Idea of ‘Equality of Creditors’
(DBN)

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Arbitration:

Fifth Circuit Concurrence Advocates Voiding Arbitration Agreements Involving Fraud
(DBN)

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Tax:

IRS Moves To Revoke Passports For Unpaid Taxes
(DBN)

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Personal Jurisdiction:

MF Global Insurers Want Do-Over On Jurisdiction
(DBN)

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Bankruptcy Bonuses:

US Trustee Blasts Avaya's $50M Bonus, Severance Plan
(DBN)

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Corporate Reform:

Dodd-Frank's Bankruptcy Provision Could Be a Trump Target
(DBN)

White House Plans Broad Rethink on Regulating Big Financial Firms Trump set to dismantle Dodd-Frank framework today
(DBN)

'Bonfire of regulations' feared under new SEC boss
(DBN)

Congressional Republicans move to dismantle Obama rules
(DBN)

Your handy guide to all of Trump's promised deregulation
(DBN)

U.S. court rejects states' bid to defend consumer agency
(DBN)

Supreme Court pick could spell trouble for the CFPB
(DBN)

Trump to delay rule requiring retirement advisers to avoid conflicts
(DBN)

House GOP aims to scrap Obama rule on gun background checks GOP Repeals Gun Reg for Mentally Disabled
(DBN)

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Sporting Goods:

Performance Sports Makes Final Push For $575M Ch. 11 Sale
(DBN)

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Awards:

Bankruptcy Group Of The Year: Weil Gotshal & Manges
(DBN)

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Electricity:

US Trustee Balks At EFH Bid To Pay Creditor Legal Fees
(DBN)

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UK:

Privilege in bankruptcy - revisited
(DBN)

Contempt of court in bankruptcy case
(DBN)

JPMorgan on Brexit white paper: 'Shallowness of the analysis and absence of detail are matters of great concern'
(DBN)

The pound is falling on the back of the Bank of England's rate decision
(DBN)

Applications to UK universities from EU students are down 7% since the Brexit vote
(DBN)

Ex-HBOS banker who 'sold his soul for bling and swag' jailed for 11 years
(DBN)

U.K. services PMI slips, signals economic headwind
(DBN)

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EU:

European Lehman Moment Wouldn't Cause a Lehman Moment, ECB Says
(DBN)

Europe Suddenly Worries Its Biggest Threat Is the U.S.
(DBN)

Trump's currency war against Germany could destroy the European Union
(DBN)

______________

PIIGS:

Greece to Propose Lowering Tax-Free Threshold to Avoid Pension Cuts Greece: Government mulling difficult compromise The IMF Should Get Out of Greece EU Commission: No date for return of creditors ' delegation to Greece
(DBN)

Move Over PIIGS. It’s Time for ASPIRE
(DBN)

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Canada:

Angry HMV customer loses reward card points in bankruptcy
(DBN)

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Mexico:

Homeland security secretary: I hope Trump's border wall will be finished in 2 years
(DBN)

Did Trump just threaten to send US troops to fight Mexico's drug war? Here's what we know
(DBN)

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Australia:

Nathan Tinkler cries poor, not paying trustee a cent, as he owes creditors more than $550 million Bankrupt magnate gets green light to go to US
(DBN)

Unsecured creditors of failed Builton to get nothing back
(DBN)

Palmer's wife ordered to court over QN
(DBN)

Rod Culleton: Former One Nation senator loses appeal against court bankruptcy verdict
(DBN)

The Australian refugee deal that has Donald Trump so angry, explained
(DBN)

McCain rebukes Trump's phone call with Australia, says he called ambassador to express US support McCain Calls Australian Ambassador Amid Trump Tensions With Turnbull Trump Sends Aides to Placate Australia
(DBN)

______________

Brazil:

Dutch court declines to bring bankruptcy proceedings against Oi subsidiaries
(DBN)

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China:

China Puts 30% Tariff on US Ethanol Exports
(DBN)

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South Africa:

Weil advises on one of the largest leveraged EMEA deals of the year, the restructuring of the South African retail group, Edcon
(DBN)

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MENA:

Trump reportedly warns Israel to stop announcing settlements that 'undermine' his efforts toward peace In About Face, Trump Warns Israel to Hold Off Settlements
(DBN)

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