July 10, 2017

The Daily Bankruptcy News

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Law:

Legal sector gains jobs for the third straight month
(DBN)

Work quality is the No. 1 reason associates leave, law firm survey says
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Pay is up for summer associates, but the future job outlook is less than rosy
(DBN)

Here’s Just A Taste Of What Women Have To Deal With
(DBN)

The Biglaw Firms With The Best Summer Associate Programs (2018)
(DBN)

Law school turns to crowdfunding for bar stipends
(DBN)

Law School Finds Tenured Prof Guilty Of Harassment Due To Exam Question About A Client Receiving A Brazilian Body Wax
(DBN)

Law Prof Files Discrimination Complaint Over Tenure Denial: 'Inferior Whites Advance While Superior Blacks Are Blocked'
(DBN)

Law Schools Hunker Down As Enrollment Slips
(DBN)

Federal Judge Tosses White Male Lawyer's 'Quota' Lawsuit Against Texas Bar
(DBN)

Five Things That Slow Growth in a Law Firm
(DBN)

10 McDermott Partners Are Joining Winston & Strawn: Source
(DBN)

All the President’s Lawyers
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Looking For A Lucrative Alternative To Your Law Firm Job?
(DBN)

AZ: Sacks Tierney Adds Bankruptcy Lawyer From Nussbaum, Gillis & Dinner,
(DBN)

Columbus-area bankruptcy lawyer’s license suspended amid criminal charges
(DBN)

Another Court of Appeals Confirms The Public's The Right to Video Police
(DBN)

Five Ways iOS 11 Makes iPads Actually Useful
(DBN)

Legal Technology Companies Find a Voice in Amazon Alexa
(DBN)

Have You Examined Your Cyber Insurance Policy Lately?
(DBN)

Ways To Appreciate Your Assistants
(DBN)

Being A Texan May Just Be Better Than Being A Lawyer
(DBN)

AT&T Claims Forced Arbitration Isn’t Forced… Because You Can Choose Not To Have Broadband
(DBN)

Sheriff in Ohio county with record number of overdose deaths won't let deputies carry overdose-reversal drug
(DBN)

Did Comey Perjure Himself? Why His Trump Memos Could Spell Legal Trouble
(DBN)

An ICE memo tells officers to go after all undocumented immigrants encountered while on duty
(DBN)

US Judge in Hawaii Leaves Trump’s Travel Ban Rules in Place Hawaii claims new “Muslim ban” is now operating Appeals court to Hawaii: Try again
(DBN)

Man Proposes During His Arrest, Girlfriend Says Yes
(DBN)

Armed Robber Not Ready For Fatherhood
(DBN)

There Are Many Dumb Reasons To Assault Your Roommate. But This Is The Dumbest.
(DBN)

Attorney Disciplined After Repeated Lawsuits About P---- Amputation
(DBN)

Jury: Newlywed Had Husband Killed to Get His Insurance Money
(DBN)

Smart speaker reportedly alerts cops to an assault after man allegedly threatened to kill girlfriend
(DBN)

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Judges:

Texas high court suspends judge after paid s--, pill-popping admissions
(DBN)

Trump Gets to Pick Judge for Appeals Court
(DBN)

Looking Back On The Supreme Court Term That Was
(DBN)

What Law Students and Young Attorneys Can Take Away From Chief Justice Roberts’s Unconventional Advice
(DBN)

Neil Gorsuch Isn’t The Justice We Need, But He’s The Justice We Deserve
(DBN)

Justice Kennedy, Don’t Retire
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Wall Street:

US stock futures mostly inch higher
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US stocks close higher for week as tech rebounds
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Goldman Sachs is 2017's worst-selling fund manager with $27 billion in outflows
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Layoffs:

Loyola University to cut 60 jobs in effort to cut costs
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HSBC lays off nearly 200 employees in Florida office
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Food/Beverage:

Ultra Foods stores fail to sell at auction
(DBN)

Joe's Crab Shack operator snubs Tilman Fertitta's Landry's bid in bankruptcy plan Bidding battle for Joe's Crab Shack owner turns snarky Bidding process finalized for Joe’s Crab Shack, Brick House
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Electricity:

Why Did Warren Buffet Just Buy a Bankrupt Electric Company? Buffett bets big on power with $9 billion Oncor deal Berkshire Wastes No Time Wooing Texas to Close Oncor Deal Buffett may have to turn on charm for Oncor encore Warren Buffett's Berkshire Hathaway spends $23bn on power play Buffett's Berkshire bids to buy Oncor, bankrupt parent EFH Buffett buys Texas utility to transform US energy group Berkshire Hathaway makes deal to win PUC approval of Oncor acquisition
(DBN)

Kirkland, Gibson Dunn and Cravath Advise on $9B Oncor-Berkshire Hathaway Deal
(DBN)

Buffett's utility bet not a hedge against a downturn, Berkshire Hathaway shareholder says
(DBN)

Buffett's Unsexy Oncor Deal Needs an Encore
(DBN)

Buffett Needs to Be Bigger in Texas
(DBN)

PUCT Staff Welcomes Buffett’s Oncor Bid; Top Debtor Miffed
(DBN)

Rival Bid for Oncor Brews
(DBN)

Battle for a Texas utility may pit Berkshire’s Buffett against Elliott Management’s Singer Paul Singer's Elliott Said to Explore Bid to Challenge Buffett's Oncor Deal Hey, Buffett, Elliott's on the Line
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Bankruptcy Crimes:

Evansville woman sentenced in bankruptcy and wire fraud scheme
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Financial Advisors:

Hudson Valley horse farm owner and wealth manager Bradley Reifler in bankruptcy
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Healthcare:

Owners of Defunct Hospice to Pay $8.8M Over False Claims
(DBN)

It's starting to look ugly for the Republican healthcare bill 2 GOP senators say the Republican bill to repeal Obamacare is 'dead' How Republicans can win the health care fight in the end Health and tax overwhelm the Republicans Sen John McCain says GOP health-care bill likely 'dead' The Senate Health Care Charade Republican Steamrolling on Health Care Should Terrify Wall Street Trump: There's no way Congress 'would dare to leave Washington without a beautiful new HealthCare bill'
(DBN)

TrumpCare Could Jump Premiums 74%
(DBN)

This is what Washington has been fighting about
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Congress Moves to Stop Health Care Mandate
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Autos:

Electric Car Revolution is Accelerating When Will Electric Cars Go Mainstream?
(DBN)

Tesla sales stopped dead in Hong Kong after a tax break for electric cars was scrapped
(DBN)

Elon Musk shows off first Model 3 to roll off assembly line
(DBN)

Experts Doubt Tesla Model 3 Production Plan
(DBN)

Bellwether Case Set to Begin in GM Ignition MDL
(DBN)

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Fraud:

The fascinating legal argument at the heart of the Martin Shkreli ‘Pharma Bro’ trial
(DBN)

Actress used ‘fake news’ to move market for clients, SEC alleges
(DBN)

It Ain’t Over, President Trump Might Face Jury in Trump University Case
(DBN)

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Student Debt:

As a parent, here's my student loan strategy
(DBN)

42% of Americans want Trump to forgive their Student Loan
(DBN)

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Economy:

June Employment Report: 222,000 Jobs, 4.4% Unemployment Rate
(DBN)

Next Recession a Doozy for Consumers
(DBN)

An Aging Population Explains Most—But Not All—of the Decline in the US Labor Force Participation Rate Since 2007
(DBN)

America Is Struggling With Economic Rot
(DBN)

Serious Problem Lurking in the Jobs Report
(DBN)

What is Your Definition of Who is Poor?
(DBN)

Republicans say they might not cut taxes for the rich. Don’t believe them. Plan for US tax increase on rich not being considered: Mnuchin
(DBN)

Axles of Evil: The Truth About German Automakers and America – The Big Picture
(DBN)

Trump's Next Budget to Take Out Fed Agencies
(DBN)

Elon Musk Says the World’s Population Is ‘Accelerating Towards Collapse’
(DBN)

G20 Doesn't Have a Take Your Daughter to Work Day
(DBN)

June job growth is expected to be strong, but the focus will be wages
(DBN)

Wage Growth Is Flat. What If Workers Expected More?
(DBN)

U.S. Wages May Be Tepid, But Hours and Payrolls Are Firm
(DBN)

The gap between white and black unemployment in America is at a record low
(DBN)

Americans are less happy than they were 10 years ago — and money alone can't fix it
(DBN)

AAR: Rail Traffic increased in June
(DBN)

US Divorce Rate Dips, but Moral Acceptability Hits New High
(DBN)

Public and Private Sector Payroll Jobs: Carter, Reagan, Bush, Clinton, Bush, Obama, Trump
(DBN)

How one millennial scored a 3-hour dinner with Warren Buffett—and what he learned
(DBN)

Trump’s trade threats appear to be working — for now
(DBN)

80,000 Americans make cars for foreign automakers
(DBN)

The demise of the deficit hawks
(DBN)

Republicans are victims of a discredited economic ideology
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US Debt Clock
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World Debt Clock
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Real Estate:

More Americans than ever say now is good time to sell their home
(DBN)

Warwick Yard Sports Village operator files for bankruptcy
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Municipalities:

Strapped Hartford hires bankruptcy adviser Hartford's Bronin Hires Lawyers To Consider Bankruptcy And Other Options
(DBN)

Towns Sell Their Public Water Systems - and Then Regret It
(DBN)

Illinois Moves Another Step Closer to Bankruptcy
(DBN)

What's At Stake In A Puerto Rican Bankruptcy
(DBN)

Malloy says Hartford bankruptcy should be "last resort" Hartford Council Dems: Bankruptcy May Be Unavoidable Malloy: State Will Help Hartford, But Capital City Needs To Help Itself First
(DBN)

Detroit is 'booming' again. You have to be rich and powerful to notice, though
(DBN)

The EM law isn’t the whole problem for Michigan cities, but it’s far from a solution
(DBN)

Don't Panic, Here Comes Senator Mike Lee, Ghostbuster
(DBN)

Big financial woes linger in Illinois' new budget
(DBN)

Solving insolvency requires real solutions and partisan cooperation
(DBN)

Yet Another Wealthy California Town Is Short on Cash
(DBN)

AR: RWL Investments Bankruptcy Winds Down
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Oil/Gas:

Oil Prices Fall Amid Rising U.S. Production
(DBN)

Oil heads for weekly loss as doubts over rebalancing persist
(DBN)

Is This The “New Normal” For Oil Prices?
(DBN)

OPEC oil exports aren’t falling fast despite cuts
(DBN)

Saudi Aramco CEO says world has lost $1 trillion in investments since oil prices started declining
(DBN)

Here's why battered oil could soon go from 'sizzle' right back to 'fizzle'
(DBN)

Oil Bulls, Stand Aside
(DBN)

OSV companies facing grave financial pressure: AlixPartners
(DBN)

Oil Rigs: "The party's not over yet"
(DBN)

Oil and gas will continue to be a necessity despite lack of investment, CEO says
(DBN)

The problems with Trump's push on natural-gas exports
(DBN)

The end of the oil and gas industry's boom and bust nature?
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Retailing:

Bankruptcy for True Religion as consumers pivot from $300 ripped jeans True Religion’s UK brand director bullish despite US bankruptcy $350 jeans are dead. $100 leggings killed them.
(DBN)

Sears is Closing Another 43 Stores
(DBN)

These retailers could go bankrupt in 2017
(DBN)

How much longer can Carson's hang on?
(DBN)

Once-sparkling Tiffany has lost its luster
(DBN)

Crashed RadioShack flogs off its IPv4 stash
(DBN)

The death of big-box stores is speeding up suburbia's slide into poverty
(DBN)

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Politics:

'We'll talk to the White House and tell them to fix that': Putin is exploiting Trump's 'credibility deficit' Trump Handed Putin a Stunning Victory Trump's campaign team met with a Russian lawyer believed to work 'at the behest' of the Kremlin Donald Trump Jr. gathered members of campaign for meeting with Russian lawyer before election Melania Trump Unsuccessfully Tried to End Donald Trump’s Meeting with Vladimir Putin 'You can ask him': Top administration officials get grilled over Trump's confusing answers on Russia 'This implicates us in their propaganda': The US just made a striking concession to the Kremlin Donald Trump Jr. was promised damaging information on Hillary Clinton before meeting with a Russian lawyer Donald Trump Jr. Changed His Account of Meeting with Russian Lawyer Donald Trump Jr. provided 2 wildly different statements to describe his meeting with a Russian lawyer Haley: Trump Told Putin We Know You Did It Trump’s talk of cyber-alliance with Russia draws outrage, disbelief Trump on his 'impenetrable' cybersecurity unit with Putin: I didn't mean it
(DBN)

Law Professor: The obstruction of justice case against Trump is already a slam dunk
(DBN)

Trump Lawyer: Statements Denying Sex Assault Accusations Were ‘Hyperbole’ to Convince Voters
(DBN)

Pence Quietly Courts Big Donors, Corporate Execs... Private Dinners Fuel Speculation
(DBN)

Paul Ryan says he won't hold public town halls because he doesn't want 'a screaming fest'
(DBN)

GOP Backlash Against Voter Fraud Panel
(DBN)

Republicans Won't Stop Fighting With Each Other
(DBN)

Trump’s nationalists triumphant after Europe trip
(DBN)

Welcome back, Congress. Health care, budget await lawmakers
(DBN)

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Celebs:

After bankruptcy fraud, Abby Lee Miller prepares herself for prison life Abby Lee Miller will serve prison sentence in California starting Wednesday
(DBN)

‘Destroyed by his celebrity’ – are Germans right about Boris Becker?
(DBN)

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Festivals:

Lenders Seek to Force Fyre Festival Into Bankruptcy
(DBN)

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Golf:

Trump personally pockets club membership fees, breaking with industry norms
(DBN)

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New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Chapter 7, 12 & 13 Private Trustee Locator
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Recent Ch. 11 Filings (26 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (172 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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Avoidance Actions:

Fisker’s Reach: Liquidating Trustee May Pursue Overseas Fraudulent Transfers as Unjust Enrichment
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Litigation:

Advocate Differently For Different Adversaries
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An unbroken streak affirming work product protection in litigation finance
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Ch. 13:

Direct Payments to Mortgagee are “Payments under the Plan”
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Sanctions:

Court Sanctions Debtor’s Counsel under Rule 9011 for Filing Stale, Incomplete Petition for an Improper Purpose
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Ch. 7:

Debtor Maintaining Expenses for Two Houses Not Abuse of Ch. 7
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Travel:

First Class Flier Charged in Fight
(DBN)

New York commuters are about to get a taste of the 'summer of hell'
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Marketing:

NC: Dan Roselli faces another lawsuit over bankruptcy estate of former marketing firm Red F
(DBN)

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Exhibitions:

Titanic artifacts are up for bid after Ga. owner files Chapter 11 Titanic owner goes bankrupt: Thousands of artifacts might be up for auction
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Waste:

Worldwide Recycling files for bankruptcy
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Taxis:

How the city can help save yellow cabs
(DBN)

How Much Uber Drivers Really Make
(DBN)

Uber Improperly Reduced Drivers' Pay By $200m By Withholding New York State Taxes That Should Have Been Paid By Passengers
(DBN)

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Personal Finance:

Will having a baby bankrupt you? Use this calculator to find out
(DBN)

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Corporate Reform:

This is the top consumer complaint in the U.S.
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Nuclear:

Squire Patton Boggs Powers Westinghouse
(DBN)

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Education:

18 States Sue DeVos Over Her Efforts to Help Fake Colleges Swindle Students
(DBN)

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Coal:

Coal no longer fuels America, but the legacy - and the myth - remain
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Motorcycles:

The Motorcycle Industry is Dying
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Currency:

MtGox CEO heads to trial over missing Bitcoins
(DBN)

How big is bitcoin, really? This chart puts it all in perspective
(DBN)

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Tech:

These Lavish Office Photos Are Coming Back to Haunt SoundCloud
(DBN)

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Banking:

Cecil Bank parent aims to raise capital in bankruptcy plan
(DBN)

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Solar:

Ruling keeps Patriot Solar payment dispute in bankruptcy court
(DBN)

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UK:

Surveys show string of bad news for the UK economy: Consumer slowdown, pessimistic firms
(DBN)

German Business Warns UK PM May
(DBN)

Don't Blame Brussels for RBS's Missing Billions
(DBN)

The ‘sub-prime’ market is back in business
(DBN)

UBS CEO hints at where the bank will be moving because of Brexit
(DBN)

UK Economy Starting to Slump
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EU:

IMF: Germans Should Retire Later
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PIIGS:

Sean FitzPatrick's wife claims entitlement to 'substantial' assets
(DBN)

Greek industry bounces back; inflation eases
(DBN)

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Canada:

Sears Canada seeks court nod to restructure; to suspend some payments
(DBN)

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India:

IBBI seeks public comments on bankruptcy regulations
(DBN)

Insolvency & Bankruptcy Code 2016: Opening gambit
(DBN)

Insolvency & Bankruptcy Code: Debt Restructuring & Managing NPA In India
(DBN)

Already restructuring, stop insolvency actions: Essar Steel
(DBN)

RBI Tweaks Circular On 12 Big Stressed Accounts
(DBN)

Have Zero Tolerance On Bad Loans; Fight Cases: Finance Ministry To Banks
(DBN)

RBI set to lose NPA battle as court halts recovery proceedings Essar Steel case: Setback for RBI over fast tracking 12 cases at NCLT RBI can't demand priority for loan defaulter cases at NCLT, says court Essar Steel: Gujarat HC frowns over directive asking banks to initiate bankruptcy proceedings, RBI on back foot Essar case shows NPA resolution may be a long road despite bankruptcy code
(DBN)

Lenders to tap global investors for Bhushan Steel, Essar Steel
(DBN)

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China:

Creditors circle LeEco after founder quits as company chair
(DBN)

China's Awkward Debt Problem
(DBN)

‘Everyone in China has the American Dream’ – and a popular path to it may disappear
(DBN)

China's Awkward Debt Problem
(DBN)

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Brazil:

Political Meltdown Foils Oi's Exit From $19 Billion Bankruptcy
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