July 11, 2017

The Daily Bankruptcy News

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3-Column Formating

 

Law:

The Legal Industry Is Undergoing More Than a 'Dance Around Change'
(DBN)

Costs of malware attack on DLA Piper could be in the millions; does insurance cover it?
(DBN)

Trump's FBI Pick Christopher Wray Earned $9.2M Partnership Share at King & Spalding
(DBN)

What Is Really Behind Freshfields' Poor Financial Results?
(DBN)

Clifford Chance Aims To Boost US Revenues To 20% Of Firmwide Total
(DBN)

Norton Rose Fulbright raises NQ pay to £75k
(DBN)

Ex-Akin Gump atty arrested in disguise trying to sell sealed complaint is in talks with the feds
(DBN)

Sidley Can't Avoid Suit Accusing It of Ties to Investment Fund Fraud
(DBN)

The Legal Profession's 'Last Mile' Solution
(DBN)

A History-Making Litigator Leaves Biglaw To Launch A Boutique
(DBN)

Law School Final Exam Basis Of Sexual Harassment Charge
(DBN)

Trump Clan's Newest Lawyer: 'Nothing Happened' in Meeting With Russian
(DBN)

CFPB bans companies from using arbitration clauses to block consumer class actions
(DBN)

Top law firms feel the heat as clients are delaying payment by an average of 130 days
(DBN)

The Quantity And Quality Of Law School Applicants
(DBN)

Bingham Greenebaum Doll names bankruptcy head as managing partner in Louisville office
(DBN)

Over A Dozen Firms Aided Top 1st-Half Real Estate M&A Deals
(DBN)

3 phrases that'll stop a big talker from taking over a conversation
(DBN)

Coffee drinking could lead to longer life, studies say
(DBN)

Priest arrested in brandishing road rage incident on Florida’s Turnpike
(DBN)

Comey's Friend Responds to Trump Tweet
(DBN)

Publicly-listed law firm Slater and Gordon settles class action against itself 'Alternative was insolvency': Slater Gordon investors settle
(DBN)

Friend of lawyer-litigant is new person of interest in 2009 death of opposing counsel
(DBN)

From Simpson Thacher Associate To Middle School Principal
(DBN)

Former Law Dean Wants Court To Ban Everyone From Learning Why He’s The Former Law Dean
(DBN)

Hate Billable Hours? Have You Considered Becoming A Mafia Don?
(DBN)

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Judges:

Why Bankruptcy Judges Have a 14-Year Term, Instead of Life Tenure
(DBN)

Bankruptcy Appellate Panel Law Clerk Vacancy Announcement
(DBN)

One of the Biggest Reasons Republicans Stick by Trump
(DBN)

Chief Justice John Roberts' speech wishing new grads 'bad luck' has gone viral
(DBN)

Judge Richard Posner Rips On SCOTUS, Oldsters — And No, He’s Not A Troll ‘No need for octogenarians’ on the bench, including those on the Supreme Court, Posner says
(DBN)

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Wall Street:

US stock market set to edge lower
(DBN)

Stocks pare gains as tech leads
(DBN)

Everybody Hates Goldman Sachs (Or Do They?)
(DBN)

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Layoffs:

Veterans Affair - 500 Layoffs since Trump took Office
(DBN)

White House urges agencies to make "bold" budget plans to increase efficiency and reduce workforce
(DBN)

The Next Job Humans Lose to Robots: Real Estate Appraiser
(DBN)

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Retailing:

M Stock – Can Macy's Master Plan Stave Off Bankruptcy ?
(DBN)

33 depressing photos that show Sears is a disaster
(DBN)

Abercrombie & Fitch faces Wall Street mayhem Abercrombie & Fitch Plunges After Takeover Negotiations Fail Abercrombie & Fitch plunges 21 percent after announcing it has ended talks with potential buyers Abercrombie & Fitch is no longer for sale, sending stock plunging to 17-year low Sycamore got closest to acquiring Abercrombie & Fitch: sources Abercrombie Buyout Idea Was Band-Aid, Not Solution
(DBN)

Retail stocks plunge as Abercrombie deal scrapped, renewing fears about the apparel sector
(DBN)

The Cosmetics Counter Was Long Immune to Discounting. Not Anymore
(DBN)

Best Buy's stock tumbles to pace S&P 500 decliners amid concerns over Amazon effect
(DBN)

Making money off retail failure just got easier
(DBN)

Adidas, New Balance, Gucci & Other Brands Owed Money by Newly Bankrupt Shoe Store The Tannery
(DBN)

Gymboree tweaks rights offering plan after U.S. trustee objects
(DBN)

JPP Increases Sears L/C Up to $500MM as 43 Stores Close
(DBN)

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Politics:

Donald Trump junior’s meeting with a Russian lawyer Donald Trump Jr.: I 'had to listen' to Russian lawyer who promised dirt on Clinton New York Times: Trump Jr. Told In Advance That Anti-Clinton Information Was Coming From Russian Government To Help His Dad If There Was No Collusion, It Wasn’t for Lack of Trying Donald Trump Jr. says he's 'happy' to talk to Senate about meeting with Russian lawyer There's a very specific reason why the Russian lawyer who met with Trump Jr. wanted to talk about adopting babies Trump Team's Russia Meeting Was Really About Releasing Billions to Corrupt Oligarchs Donald Trump Jr.'s stunningly incriminating statement to the New York Times The Dark Truth About Donnygate No, Trump Jr. Almost Certainly Didn’t Commit a Crime by Trying to Get Dirt from Russian Lawyer Why Donald Trump Jr.'s meeting with a Russian lawyer matters Donald Trump Jr. Changed His Account of Meeting with Russian Lawyer Meet the music publicist taking credit for setting up Donald Trump Jr.'s meeting with a Russian lawyer Kellyanne Conway squirms as she’s shown her own past denials of campaign meetings with Russia ABC calls out Kellyanne Conway over Trump Jr.'s meeting with a Russian lawyer after previously denying any contact with Russians Was Donald Trump Jr. Told the Kremlin Was Behind the Leak? Trump's other Russian dilemma Republican senator calls for panel to interview Trump Jr. on Russia Trump Jr.'s Three Different Stories (So Far) Lawyers: Trump Jr. Getting Horrible Advice
(DBN)

Trump's long history with Russia just got a lot more complicated
(DBN)

When Russia Tried to Help Elect JFK
(DBN)

Is Pence Betting It All Comes Crashing Down?
(DBN)

Mapping the Lawyers in the Trump-Russia Orbit
(DBN)

Republicans say Medicaid is ‘broken.’ Here’s how the people it covers feel. Chuck Schumer to Mitch McConnell: Work with Democrats on fixing Obamacare Senate Republicans debate plan B if Obamacare repeal fails Revised Senate health-care bill may come this week, but GOP opposition remains What's next if the Senate health bill fails
(DBN)

Democrats’ internal dispute over the white working class is about to get real
(DBN)

Sharp Partisan Divisions in Views of National Institutions
(DBN)

America’s Most and Least Popular Senators — July 2017
(DBN)

Federal prosecutors step up probe of land deal pushed by wife of Bernie Sanders Fraud Investigation into Jane Sanders Is Now in High Gear, Report Says
(DBN)

Republican lawmakers are buying health insurance stocks as Obamacare repeal advances
(DBN)

President Trump's Enemies List
(DBN)

'You've been a bully your entire career': Chris Christie gets blasted by constituents while hosting a sports talk radio show
(DBN)

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Electricity:

Elliott Set to Duel Berkshire for Energy Future's Oncor Elliott says considering $18.5 billion deal for Oncor Elliott Management says it is wiling to top Buffett's $9 billion bid for Oncor Elliott challenges Buffett's $18bn Texas utility deal Paul Singer Ready, Willing, Maybe Able To Pull Plug On Warren Buffett’s $9 Billion Energy Deal Elliott Girds for Battle With Buffett in Texas Utility Bid
(DBN)

Oncor CEO says Berkshire Hathaway has the edge over Elliott in bidding, for now
(DBN)

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Education:

Portland woman sues Betsy DeVos for delaying rules targeting for-profit schools
(DBN)

Researchers Say You Should Go to College in a Big City. Here's Why
(DBN)

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Engineering:

Final Birdsall exec pleads guilty in $1 million pay-to-play scheme
(DBN)

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Food/Beverage:

Strack & Van Til auction delayed until Tuesday, more properties added
(DBN)

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Debt Collection:

Game, Set, But Not Match: The Supreme Court’s Decision in Henson v. Santander
(DBN)

Fifth Circuit Rules Consumer’s § 1692e(8) FDCPA Claim Not Foreclosed by Consumer’s Failure to Timely Dispute Debt
(DBN)

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Maritime:

Shippers merge as industry remains sluggish
(DBN)

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Gambling:

Everything must go! Trump's Taj Mahal in Atlantic City is stripped as buyers scramble to snap up a bargain
(DBN)

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Economy:

Average FICO score hits an all-time high
(DBN)

Working Past 70: Americans Can’t Seem to Retire - U.S. seniors are employed at the highest rates in 55 years
(DBN)

Dog-eared economy? Job surge puts that idea to rest
(DBN)

For the first time on record, U.S. companies are dying at a faster rate than they're being born
(DBN)

These two reports could be the true tell for the economy
(DBN)

Trump to nominate Randal Quarles to Fed board Fed Nominee Randal Quarles in His Own Words
(DBN)

Fed's Williams still sees rate hike, asset unwinding this year
(DBN)

Fed Has Put Markets in Survival Mode
(DBN)

Second-quarter results will lift profits for US companies to a record, according to S&P
(DBN)

The Inflation Numbers Yellen Should Be Talking About
(DBN)

There's a strange debate at the Fed over whether the US can create too many jobs
(DBN)

Seattle Approves New Income Tax for Wealthy Residents
(DBN)

Trump Treasury may reopen this loophole for companies stashing cash abroad
(DBN)

Despite Trump threats, auto imports from Mexico keep climbing
(DBN)

Why this Social Security budget nightmare must be resolved now
(DBN)

How The World Is Trying To Tame Trump On Trade
(DBN)

Jobless Rates for Hispanic and Black Workers Fall to Historic Lows
(DBN)

This New Poll Just Revealed Who America's Best Tippers Are
(DBN)

The Overhyped Seattle Minimum-Wage Disaster
(DBN)

Tax Reform, Health Care Reform Loom Large For Small Businesses
(DBN)

A challenge to Piketty's theory about the future of work
(DBN)

True cost of living in the United States
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

6th Cir. Bankruptcy Panel Holds Foreclosure Deficiency Judgment May Be Avoided
(DBN)

Underwater Borrower Population Below Two Million for First Time Since 2006
(DBN)

Here's how much you'd have to pay each month to own a home in 15 major US cities
(DBN)

Former billionaire Sam Wyly's Highland Park estate hits the market for $12.5M
(DBN)

California man charged with running $20 million real estate Ponzi scheme
(DBN)

House Prices to National Average Wage Index
(DBN)

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Municipalities:

Fraud verdict should cinch bankruptcy for Hartford
(DBN)

Private Business Could Back Hartford Bankruptcy, Says MetroHartford Alliance CEO
(DBN)

Up to two thirds of California school districts face insolvency
(DBN)

Think states like Illinois can't default? Think again
(DBN)

Puerto Rico's Broken Promesa
(DBN)

Bailout for Puerto Rico power authority could be a bad deal for other creditors
(DBN)

Brevard County Commissioners Consider Opposing Puerto Rican Statehood
(DBN)

Potential emergency managers to pitch turnaround plans for Gary schools
(DBN)

Illinois: A State In Crisis
(DBN)

IL: Big Financial Woes Linger in New Budget
(DBN)

What on Earth Is Wrong With Connecticut?
(DBN)

Short of cash, wealthy San Francisco suburb declares fiscal emergency
(DBN)

Troubled Chicago school system sells $500 mln bonds at high rates
(DBN)

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Oil/Gas:

The sale of a bankrupt company's gas wells finds federal opposition
(DBN)

The Oil Slump Is Killing Off Old Fields
(DBN)

Will U.S. shale come up short?
(DBN)

'Big oil' dismisses predictions of collapse in demand
(DBN)

Oil rises slightly, but growing global supply a worry Oil Up? Oil Down? Blame the Algorithms Oil prices dip on ample supply as OPEC may consider widening cap
(DBN)

Gas prices keep falling
(DBN)

U.S. shale oil investment surges more than 50%, IEA says
(DBN)

Citi: Demand Growth Could Push Oil To $60 By Christmas
(DBN)

The Major Wildcard That Could Send Oil To $120
(DBN)

Saudi Aramco Chief Predicts Oil Shortage as Investment Falters Saudi Aramco to spend $300 billion, CEO warns on world oil supply Low Oil Prices Lead To Fastest Mature Fields Decline In 25 Years
(DBN)

Falling investment in energy sector could create oil and electricity shortages, watchdog warns
(DBN)

OPEC: Further Cuts Off The Table OPEC’s “Whatever It Takes” Is An Empty Promise
(DBN)

OSV Companies Running Out of Options -Study
(DBN)

Electricity investment overtakes oil and gas for the first time ever, IEA says
(DBN)

Sedona Oil & Gas is one of a string of organizations the SEC says committed energy fraud in oil-driven Texas
(DBN)

Halliburton hiring 100 per month to meet Texas fracking demand
(DBN)

Drilling rig count jumps again after brief dip
(DBN)

Goldman Was Vilified in Venezuela for Something Big Oil Does Every Day
(DBN)

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Fraud:

Judge won't free Sidley Austin, Deloitte and others from suit alleging they participated in $350M Ponzi scheme
(DBN)

Insurers for Bank Used by Ponzi Schemer Rothstein Aren't Liable for Coverage, Court Says
(DBN)

U.S. judge disqualifies Watts as Uresti's attorney in criminal fraud case
(DBN)

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Healthcare:

The number of people without health insurance is suddenly spiking The Number of U.S. Adults Without Health Insurance Has Risen by Two Million This Year
(DBN)

Trump presses congressional Republicans to pass healthcare plan President Trump Wants to Pass Health Care Bill by August. But GOP Senators Are Skeptical
(DBN)

Medicaid cuts could affect coverage of special needs kids Why Americans With Disabilities Fear Medicaid Cuts
(DBN)

Photo published for Trump’s CDC Pick Peddled ‘Anti-Aging’ Medicine to Patients
(DBN)

Will the ACA repeal pass? 11 experts give us their predictions
(DBN)

Obamacare marketplaces just had their most profitable first quarter ever
(DBN)

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Travel:

‘Summer of Hell’ at Penn Station kicks off this week For N.Y. Commuters, Day One of 'Summer of Hell' Starts Out Less Hellish Than Feared
(DBN)

74% of subway riders have been late to work due to delays in last 3 months, survey shows
(DBN)

Hundreds of flights canceled at 3 DC-area airports
(DBN)

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Religion:

Cardinal Pell arrives in Australia to face abuse charges
(DBN)

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Golf:

Apollo Makes $1.1 Billion Wager That Golf Remains a Cash Cow
(DBN)

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Currency:

CEO of Bitcoin exchange MtGox denies embezzlement
(DBN)

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Corporate Reform:

Trump names new Fed rules chief as efforts to rollback post-crisis rules moves ahead
(DBN)

CFPB's long-awaited arbitration rule may be a short-lived victory for consumers
(DBN)

CFPB Arbitration Rulemaking--and Potential FSOC Veto
(DBN)

Trump Has Secretive Teams to Roll Back Regulations, Led by Hires With Deep Industry Ties
(DBN)

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Student Debt:

How Student Loan Debt And Defaults Differ Across Red And Blue States
(DBN)

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New Bankruptcy Opinions
(4 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 (12 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:

BK MN: Updated Filing Statistics
(DBN)

Incomes up, bankruptcy filings down in 2016
(DBN)

Weekly Bankruptcy Claims Trading Activity
(DBN)

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Miscellaneous:

2017 Corporate Reorganization & Bankruptcy Mid-Year Review
(DBN)

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Proofs of Claim:

Delaware Court Shuts Down Creditor’s “Unreasonable” Motion to Amend its Proof of Claim
(DBN)

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UST:

United States Trustee Program's Agenda on Chapter 11 Corporate Reorganization Issues
(DBN)

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Corporate Governance:

Exculpatory Provisions Under Delaware Law: Say What You Mean And Mean What You Say
(DBN)

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Ch. 7:

Section 707(b) Applies to Converted Cases
(DBN)

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Ch. 13:

Proposed NDNY Chapter 13 Form Plan Posted for Public Comment
(DBN)

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Reopening:

Cold Case: Bankruptcy Reopened More Than 80 Years Later
(DBN)

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Insurance:

Professional Services Exclusion Precludes Coverage for All Insureds, Not Just Those Performing Services
(DBN)

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Litigation:

In-House Versus Law Firm Litigating
(DBN)

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Intercreditor:

Recent Trends In Enforcement of Intercreditor Agreements and Agreements Among Lenders in Bankruptcy
(DBN)

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Sales:

The Cloak of Good Faith: Protecting Bankruptcy Sales from Appellate Review
(DBN)

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Autos:

Harvard Law prof tapped as overseer of $1 billion Takata restitution fund
(DBN)

Takata's Ch.11 tort committee is facing a tough road ahead
(DBN)

Honda confirms 11th U.S. death tied to ruptured Takata air bag inflator
(DBN)

China's FAW to recall 680,000 more Mazda cars over faulty Takata airbags
(DBN)

Detroit's Urgent Embrace of Self Driving Cars
(DBN)

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Resorts:

Got $19M? Daufuskie Island's bankrupt Melrose Resort could be yours
(DBN)

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Solar:

Sunrun Now Owns Solar Systems From Some of Bankrupt Sungevity’s Customers
(DBN)

SunEdison's Confirmation Hearing Is On July 20 - The End To This Saga
(DBN)

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Celebs:

All-Star Miami Marlins Pitcher Files For Bankruptcy He was a World Series hero for the Marlins, and now he's bankrupt Star's fall from World Series hero to stunning bankruptcy
(DBN)

'RHOA' Kim Zolciak-Biermann Asks Fans To Buy Her Used Boat Due To Alleged Money Woes
(DBN)

Swiss court rules for Becker in debt case
(DBN)

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Aviation:

Fate of New Orleans regional airline is up in the air after July
(DBN)

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Soccer:

Premier League clubs headed toward bankruptcy , according to report
(DBN)

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Banking:

Special Assets: No Longer the Last Stop
(DBN)

Dick Bove is not impressed with banks despite their passing stress tests
(DBN)

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Apparel:

The Amazon effect is hitting the apparel industry
(DBN)

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UK:

Over half of the UK's doctors, barristers, and journalists went to private schools
(DBN)

Brexit Dreamers Get Smacked in the Face by Reality
(DBN)

Japan's Brutal Brexit Note to Britain
(DBN)

Brexit will bolster UK as top global legal disputes hub
(DBN)

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PIIGS:

ie: Insolvencies up by 13% in first half of 2017
(DBN)

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Canada:

Sears Canada Shareholders Weigh Options Eddie Lampert says might consider deal with Sears Canada Lampert, Fairholme Eye Sears Canada Deal
(DBN)

Proposed deal would install new owners at Essar Steel Algoma
(DBN)

Warren Buffett invests in Canada, but should you?
(DBN)

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India:

NCLT to hear SBI's insolvency plea against Electrosteel Steels today
(DBN)

First test of India's new bankruptcy law offers cautionary tale
(DBN)

Electrosteel Steels not to oppose SBI’s move to take control of its assets
(DBN)

Bad loan resolution: Banks need to watch for promoters trying to regain control
(DBN)

A Trial of Central Bank Strength
(DBN)

Financially troubled Air India goes veggie
(DBN)

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France:

France to push ahead with tax cuts in 2018 after Macron overrules PM
(DBN)

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Venezuela:

Things are so bad in Venezuela that people are rationing toothpaste
(DBN)

How Venezuela's Economy Collapsed
(DBN)

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Singapore:

Swiber's judicial managers given more time to deal with creditors
(DBN)

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Australia:

CBS claiming debts of $843 million from Network Ten
(DBN)

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China:

China's LeEco crisis to cost listed unit $2.5 bln in market value, funds estimate
(DBN)

China's Junk Bond Rally Seen Threatening to Spread 'Land Mines'
(DBN)

In China, Shoppers Buy Bad Loans Online With Their Groceries
(DBN)

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Norway:

Norway’s ‘Voluntary’ Tax Plan Brings In Just $1,325
(DBN)

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