July 13, 2017

The Daily Bankruptcy News

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3-Column Formating

 

Law:

GC Data Sharing Plan Is 'Wake-Up Call' for Law Firms
(DBN)

Are Law Firms Too Sophisticated for Their Own Good?
(DBN)

Bankruptcy judge says disgraced ex-lawyer’s wife on the hook for Jimmy Choos
(DBN)

Sedgwick LLP Engages Artificial Intelligence to Serve Bankruptcy Clients
(DBN)

Law prof says schools should lose ABA accreditation if graduates don't get jobs
(DBN)

Leader of Bryan Cave's bankruptcy group dies
(DBN)

Husband of Linklaters associate busted for insider trading Linklaters Associate Is Latest Big Firm Lawyer Tied to Insider Trading Charges
(DBN)

Marc Kasowitz Is Waking Up To A Bad Morning Trump Lawyer Marc Kasowitz Denies ProPublica Report on Alcohol Abuse Trump’s Russia Lawyer Isn’t Seeking Security Clearance, And May Have Trouble Getting One
(DBN)

Kasowitz's securities work is not of presidential caliber, ex-client says Malpractice suit alleges overbilling and ‘egregious misconduct’ by Trump’s law firm Kasowitz
(DBN)

Trump’s pick for FBI director says no one asked for a loyalty oath, and he isn’t ‘faint of heart’
(DBN)

About That Furniture CIA Lawyer Courtney Elwood Retained From Kellogg Hansen
(DBN)

3 expert LinkedIn habits you should copy (because they work)
(DBN)

The wacky attire now acceptable at work
(DBN)

Parents Slam 'Hollow Excuses' From Fraternity Members in Penn State Hazing Death
(DBN)

Education Dept. Civil Rights Head: 90% of Campus Sexual Assaults Amount to 'We Were Both Drunk' DeVos' Strange Approach to Campus Rape Rape Survivors Blast Ed Dept. Official's Claim
(DBN)

Not Even Trump Can Break the Justice Department
(DBN)

Ex-attorney going to jail for making up fake law firm to cover mortgage fraud scheme
(DBN)

Amazon disputes report that Alexa called 911 during a domestic assault
(DBN)

2017 Harper Lee Prize awarded to Boies Schiller lawyer’s novel ‘Gone Again’
(DBN)

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Judges:

First federal district judge approved under Trump Administration is from Idaho
(DBN)

BK CD CA: Court News newsletter
(DBN)

Hartford Man Charged With Threatening Bankruptcy Judge
(DBN)

California Supreme Court asserts its authority to determine passing bar exam grade
(DBN)

Harumph! Chief Judge Diane Wood displays irritation with flawed jurisdictional statements
(DBN)

Judge Accused Of Paying For Sex Admits To Sexting Bailiff, Doing Drugs, Gets Suspended
(DBN)

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Wall Street:

Dow aims for fresh record as Yellen emboldens bulls
(DBN)

Dow hits record close; Fed signals gradual approach to rate hikes
(DBN)

The U.S. stock market is 66% higher than it should be: Kee
(DBN)

Stocks could crash if Yellen can’t perform a miracle
(DBN)

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Layoffs:

The ‘Faltering Company’ and ‘Unforeseen Business Circumstances’ Exceptions Under The WARN Act
(DBN)

‘Death panels’ to break pink-slip news to dozens of NY Times copy editors
(DBN)

Bankrupt SunEdison cuts more jobs
(DBN)

BAE Systems Announces More Than 300 Layoffs for San Diego Employees
(DBN)

Thousands laid off at 38 Pa. companies in first half of 2017
(DBN)

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Politics:

Donald Trump Jr.'s email bombshell is a development like no other in the Russia saga Ryan on Don Jr.'s Russia Meeting: Let Mueller Do His Job Timeline of Trump Family Comments on Russia Since June 2016 Russian Officials Overheard Discussing Trump Associates Before Campaign Began Was Donald Trump Jr.'s Russia Meeting Illegal? Here's What Experts Say President Trump on Vladimir Putin: 'I Think We Get Along Very Well' Exactly How Screwed is Donald Trump Jr? Exclusive: Trump says he was unaware of son's meeting with Russian lawyer Footage from 2013 shows Trump meeting with key figures in email controversy Donald Trump Jr .'s Russian meeting: An unusual way of conducting political research Ex- Trump Campaign Manager Paul Manafort Is Asked to Testify About Meeting With Russian Lawyer How Bad Will the Russian Scandal Get? Why Donald Trump's Russia Denials Can No Longer Be Believed Russian government officials were reportedly overheard discussing Trump associates months before he declared his candidacy
(DBN)

Did Hillary Collude with Ukraine?
(DBN)

Jared is under fire Call to Retract Kushner's Security Clearance Trump lawyers want wall between Kushner, president
(DBN)

What you should know about the lawyers investigating Trump
(DBN)

Trump: I've 'done more in five months than practically any president in history'
(DBN)

Dem congressman introduces impeachment articles on Trump White House: Impeachment resolution "ridiculous"
(DBN)

FBI director nominee Wray: I don't think Russia probe is a 'witch hunt' FBI Director nominee Wray: No one asked me for loyalty oath and I wouldn't give one
(DBN)

Trump: 'I have very little time for watching TV'
(DBN)

New fears of a possible Trump impeachment could move stocks, bonds and gold
(DBN)

75% of Americans: We Have No Influence
(DBN)

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Healthcare:

New potential bidder emerges for bankrupt Philadelphia health system
(DBN)

Patients of bankrupt West Contra Costa hospital have limited time to claim medical records
(DBN)

Obamacare 101: Repair instead of repeal? Here's what a smaller fix might look like Here comes the brand new Senate health bill Trump: I'll be Angry if ObamaCare Not Killed The GOP health bill would cut benefits for very poor households by an average of $2,500 a year, economists say Cruz Could Start ObamaCare Death Spiral What happens if Congress doesn't repeal Obamacare Why replacing Obamacare is so hard: It's fundamentally conservative Rand Paul Opposes Senate GOP's Updated Obamacare Repeal Bill The Basic Math Problem Facing Republican Health Care Reform House conservatives wary of emerging Senate health care bill Republicans Reluctantly Acknowledge a Failure of Governing McConnell's health gambit ripples in Kentucky McConnell may be about to break a crucial GOP promise on Obamacare For conservatives, health-care choice trumps other values Republicans' Obamacare repeal bill would bar some immigrants from buying insurance on the exchanges Senate may vote on revised health-care bill next week The Senate GOP’s audacious Jedi mind trick on health care Five Ways Republicans Can Regain their Mojo on Health Care
(DBN)

House Democrats unveil Obamacare fixes Large majority of public wants a bipartisan Obamacare fix, which is bad news for McConnell
(DBN)

Health Insurance In the US: How Many Americans Are Uninsured?
(DBN)

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Computers:

PC shipments haven't been this bad since 2007, and Apple is seeing a big Mac slump
(DBN)

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Maritime:

Denmark charges former OW Bunker manager with fraud
(DBN)

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Economy:

Yellen's surprise comments jolt bond market Yellen Keeps a Gradual Rate-Hike Outlook as Inflation Puzzles the Fed Janet Yellen Touts Strength Of US Economy In Case For Unwinding Crisis-Era Stimulus Yellen: Fed chair term 'may well be' near an end Fed stands ready to slow down rate hikes if inflation stays low, Yellen tells Congress Yellen indicates that Fed may not need to hike rates much more Yellen Says Economy Is Robust but Fed Will Stay Flexible The Caution Light Blinking in Yellen's Testimony Fed's Yellen says economy steady enough for more hikes, bond wind down Yellen: Inflation Should Rebound, but Fed Could Alter Policy if Softness Persists Yellen's Wish May Not Come True Fed's Beige Book: "Slight to Moderate "expansion, Labor markets "Tightened Further"
(DBN)

Fed chair Yellen: Technology and globalization are eliminating the middle class
(DBN)

Yellen Sidesteps Questions on Her Future as Trump Weighs His Options
(DBN)

5 questions for Janet Yellen
(DBN)

What David Brooks Doesn't Get About Gabagool
(DBN)

Credit Card Debt: With Record Spending, Is A New Recession Coming?
(DBN)

Undead companies that have been kept alive by the artificial life-support systems introduced by the world's central banks after the financial crisis may soon meet their unmakers
(DBN)

Trump’s proposals could hike taxes for nearly a quarter of the middle class Could Anyone's Taxes Rise Under Donald Trump's Tax Plan? Trump tax plan helps the 1%, and would be a massive drag on our economy, Tax Policy Center says Risky Business: Cut Taxes on the Rich and Aid for the Poor
(DBN)

Want a Higher Interest Rate on Your Bank Account? Tough Luck
(DBN)

Top Obama, Bush advisers band together to warn Trump against steel tariffs
(DBN)

Small Business Optimism Index Declined in June
(DBN)

Steve King: Take Food Stamp and Planned Parenthood Money to Build Wall
(DBN)

House GOP Rejects Bid to Slash EPA Funding
(DBN)

Trump's tax-deduction plan is a GOP gamble
(DBN)

Infrastructure: Privatization Is Changing America's Relationship With Its Physical Stuff
(DBN)

American Cities Adding the Most Jobs
(DBN)

Young Men Give Up Work for Video Games? Be Skeptical
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

RBS to Pay $5.5 Billion to Settle Toxic Mortgage Claims in US
(DBN)

D.R. Horton settles bankruptcy case that accused execs of “immoral, unethical, oppressive, and unscrupulous” tactics
(DBN)

The 5 factors that inflate your rent the most
(DBN)

Mortgage Applications Decrease in Latest Weekly Survey Mortgage Rates at 2-Week Lows
(DBN)

Homebuilder settles with Miami Gardens association for $11 million
(DBN)

Phoenix Real Estate in June: Sales up 6%, Inventory down 10% YoY
(DBN)

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Municipalities:

Bankruptcy chatter gets Hartford, Conn. lowered to junk bond status
(DBN)

As Bronin Seeks Givebacks From Bondholders, Averting Bankruptcy A Huge Challenge
(DBN)

In an economic death spiral: America's worst state for business in 2017
(DBN)

States in crisis: Embroiled in the worst budget battles since the Great Recession
(DBN)

3 myths Puerto Rico should ignore about its debt crisis
(DBN)

Impact of Puerto Rico bankruptcy felt even by illegal drag racers
(DBN)

Brigade Leveraged Capital Structures Fund v. Garcia-Padilla, explained
(DBN)

Bankruptcy Judge Returns Another Case Against Government
(DBN)

How Prop 13 helped lead to this East Bay’s town ‘fiscal emergency’
(DBN)

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Oil/Gas:

Oil woes still spilling into bankruptcy courts
(DBN)

Oil Bosses See More Pain as Price Recovery Slips Back to 2020
(DBN)

Thurs.: Oil prices slide after IEA says producers ‘opened the taps’ in June
(DBN)

Unchecked Shale Production Hurtles Price Toward $40 Barrel, Bank Says
(DBN)

Global oil supply is rising on signs a deal to freeze production is stalling
(DBN)

Oil settles higher as EIA confirms a drop in US crude stockpiles Large U.S. inventory slide boosts oil sentiment Oil rises a 3rd day to trade near $46 on U.S. stockpile slide
(DBN)

The oil market’s biggest problem isn’t a glut, says Goldman’s Currie
(DBN)

OPEC Sees Lower Demand for Its Oil in 2018, Points to Surplus OPEC Can Absorb 'Orderly' Oil Recovery From Libya, Nigeria, Iran OPEC's oil output jumps again in June as the group struggles to end the crude glut
(DBN)

Halliburton Says Oil Will Spike in 2020 After $2 Trillion in Industry Cuts
(DBN)

US shale is ready to break out of its slump — and traders are cashing in
(DBN)

Is Wall Street Funding A Shale Failure?
(DBN)

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Retailing:

Amazon is killing these 7 companies
(DBN)

Amazon's Prime Day Generates Estimated $1 Billion in Sales
(DBN)

Sign of the Bottom? New ETFs Will Bet Against Beaten-Down Retail Stocks
(DBN)

At 32 cents a share, how long can Bon-Ton survive?
(DBN)

Illinois Star Centre Mall files lawsuit against Marion
(DBN)

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Celebs:

'Chrisley Knows Best' In Turmoil As Details About Todd Chrisley's Bankruptcy
(DBN)

Former "Dance Moms" star Abby Lee Miller to report to prison for bankruptcy fraud 'Dance Moms' Star Abby Lee Miller Laments 'Tough Day' as She Heads to Prison
(DBN)

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Retailing:

Amazon Prime Day breaks record; sales grew by more than 60 percent
(DBN)

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Banking:

Trump's Pick for Top Bank Regulatory Post Withdraws
(DBN)

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Education:

People's Bank buys Burlington College at auction
(DBN)

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Turnarounds:

?Why Some Turnarounds May Flourish or Fail
(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 (14 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (8 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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Plan Confirmation:

Secured Claim Cramdown: You Can Try Fighting, But Is It Worth It?
(DBN)

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Discharge:

Dept. of Defense Did Not Violate the Automatic Stay When it Offset Debtor’s Tax Refunds to Pay Non-Dischargeable Pre-Petition Debt
(DBN)

Deadline for Revocation of Discharge Not Jurisdictional
(DBN)

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Plan Confirmation:

Ninth Circuit Finds That 1111(b) Deemed-Recourse Rights Do Not Survive Foreclosure Of Underlying Property
(DBN)

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Student Debt:

5 ways the Trump administration is undoing Obama’s student loan legacy
(DBN)

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Festivals:

Fyre Festival Investors May Be In Hot Seat
(DBN)

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Coal:

Analyst: U.S. May Never Have an Investment Grade Coal Company Again
(DBN)

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Travel:

Passenger fight disrupts Texas-to-Chicago Southwest flight
(DBN)

These clever folders keep your clothes from wrinkling when you travel
(DBN)

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Fraud:

'He's lying to my face:' Martin Shkreli's former boss recalls how the 'Pharma bro' was fired
(DBN)

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Food/Beverage:

Local owners win bid for grocery chain Strack family wins store auction
(DBN)

Jewel loses out on bid for Indiana Strack & Van Til stores
(DBN)

Capital Teas Bankruptcy Reorganization Focuses on Closures, Foodservice Expansion
(DBN)

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Apparel:

Dov Charney Couldn’t Keep American Apparel, So He Restarted It
(DBN)

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Aviation:

LA: New Orleans-Based GLO Airlines to Suspend Service During Search For New Operator Flight operator: GLO Airlines' claims 'riddled with falsehoods'
(DBN)

Delta profit drops 20.8%
(DBN)

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Electricity:

Berkshire Aims for Fast Regulatory Action on Oncor Deal
(DBN)

Elliott tells court it was barred from seeking Oncor financing Elliott Management Challenges Berkshire for Oncor Elliott Management Says Oncor Didn't Give it a Chance, Took Buffett's Berkshire Deal Instead Paul Singer Could Finally Get Warren Buffett to Punch Back
(DBN)

Texas battleground: Warren Buffett hates a fight, but his rival for Oncor lives for it
(DBN)

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Autos:

New GM is shielded from punitive damages arising from claims based on pre-#bankruptcy actions, judge says
(DBN)

Takata Declares Bankruptcy: What are the Key Next Steps for Suppliers?
(DBN)

Electric Cars Predicted to Outsell Gas Cars in 20 Years
(DBN)

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UK:

Brexit May Collapse Amid Gov't Divisions Theresa May risks defeat on Brexit after Labour demands major changes to Great Repeal Bill EU Negotiator Has Tough Brexit Conditions
(DBN)

Jamie Dimon Will Be Doing his Brexit-ing In Paris, Thank You Very Much
(DBN)

Bank of England's Quest for ‘Normal,’ in the Era of Brexit
(DBN)

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EU:

Giuliani to EU: You’d Be ‘Far Stronger’ Without ‘Socialist Economies’
(DBN)

Eurozone industrial output picks up speed
(DBN)

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PIIGS:

Greece finances back in order; EU body suggests ending disciplinary actions
(DBN)

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Canada:

Lampert to ask court for access to Sears Canada restructuring documents
(DBN)

Sears Canada eyes July date for liquidation sales
(DBN)

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India:

Monnet Ispat: NCLT to hear insolvency plea
(DBN)

Insolvency: Essar Steel Had Adequate Notice, RBI Tells Gujarat High Court Bad loans: RBI counters Essar Steel, says did not treat company differently
(DBN)

Slow to start, banks wrestle with insolvency regime
(DBN)

Insolvency and Bankruptcy Code explained
(DBN)

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MENA:

Arab nations may have cut ties, but Qataris are too busy shopping to notice Qatar Crisis: No End in Sight
(DBN)

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Venezuela:

Venezuela Cut Deeper Into Junk by S&P as Default Risk Surges
(DBN)

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Azerbaijan:

Defaulted Azerbaijan Bank Wins Approval for Debt Restructuring Plan
(DBN)

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