July 14, 2017

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Norton Rose Fulbright upsets associates with pay rise
(DBN)

Law firm leaders project increased demand, growth in associate hiring
(DBN)

Dinsmore Adds Three Am Law 100 Attorneys to San Diego Office

Drinker Biddle beats ex-associate's $30 million wrongful firing suit
(DBN)

Credentials or outcomes: What’s the fairest way to assess lawyer performance?
(DBN)

Arms and Toes and B-----, Oh My!
(DBN)

The Case For An ABA Accreditation Standard On Employment Outcomes
(DBN)

Baker McKenzie adopts new workplace policy to protect trans, nonbinary and gender nonconforming workers
(DBN)

If Chris Wray Becomes FBI Director He Will Take a 98% Pay Cut!
(DBN)

Husband of BigLaw associate is accused of using wife’s deal information for insider trading
(DBN)

Why should law schools have to require LSAT or GRE? Law deans ask the question
(DBN)

Fall 2018 Law School Admissions Season Opens With A Bang: LSAT Test-Takers Increased 19.8% In June, The Biggest Jump In 8 Years
(DBN)

Unplugging On Vacation? Only In Your Cyber Dreams
(DBN)

Trump Lawyer Marc Kasowitz Threatens Stranger in Emails: ‘Watch Your Back , B----’ Trump's lawyer apologizes for sending threatening emails to a stranger, says it was 'at the end of a very long day' Kasowitz Apologizes for Emails as Partner Describes Firm 'Under Siege'
(DBN)

Marc Kasowitz Is Not A Drunk
(DBN)

In Bizarre Move, Trump Attorney Decides Not to Get Security Clearance for Russia Probe
(DBN)

Kasowitz P.R. Guy Describes Himself As Mob Fixer In Official Bio
(DBN)

Trump’s Attorney Trolls Joe Scarborough Over Ditching GOP
(DBN)

What Robert Mueller Learned From Enron
(DBN)

Trump World Lawyers Up Trump's lawyers vs. Trump Trump’s legal team faces tensions — and a client who often takes his own counsel
(DBN)

Iraqi facing deportation after training tens of thousands of American troops takes refuge
(DBN)

What Dog Shootings Reveal About American Policing
(DBN)

Cosby Trial Cost $219K, More Than Half Paying for Overtime
(DBN)

Philly personal injury firm says BigLaw attorney bled them for fees
(DBN)

Clarence Darrow Statue Draws Ire Because 92 Years Later, People Are Still Stupid
(DBN)

FHFA’s MBS litigation offers 25 billion reasons why government should hire private law firms
(DBN)

Orlando cops pull over black state attorney, and the video goes viral Police Pull Over Black State Attorney, Struggle To Explain Why
(DBN)

Higher pay, but fewer jobs at largest law firms
(DBN)

US judge grants bid to exempt grandparents, other relatives from Trump's temporary travel ban Trump's travel ban was just cut back by a judge in Hawaii
(DBN)

Partner ticked off for groping staff at Xmas party
(DBN)

Airbnb Host Fined for Canceling Law Student's Reservation Based on Race
(DBN)

Guess What Happened When This Man Allegedly Showed Up to Jury Duty Drinking Beer
(DBN)

Yes, iPad Pro is ready to be your work machine--with one baffling exception
(DBN)

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Judges:

BK SD TX Seeks Bankruptcy Judge
(DBN)

Connecticut man charged with threatening US bankruptcy judge
(DBN)

Judges, Social Media, And Bad Choices
(DBN)

Judge's tweets not grounds for recusal
(DBN)

Four of Trump’s judicial nominees clear Senate committee
(DBN)

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Wall Street:

Dow industrials set to hover at record as JP Morgan, Citi report
(DBN)

Wall Street stocks close higher
(DBN)

New Lloyd, Same Goldman
(DBN)

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Layoffs:

SolarWorld Americas Secures $6 Million Cash Infusion, Cuts 360 Jobs
(DBN)

The 12 most automated jobs in the US
(DBN)

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Politics:

Donald Trump's alarming G20 performance
(DBN)

Experts think Moscow 'dangled' a Russian lawyer to lure in Trump All Roads Now Lead to Kushner McConnell Tries Business as Usual Amid a Trump Team Disaster Donald Trump Jr. Is in the Fight of His Life. He’s Not Ready for It Trump tries to blame his son's meeting with a Russian lawyer on Obama's Justice Department Trump Changes Tune On Russian Lawyer Meeting: ‘Maybe It Was Mentioned’ If Trump Jr. Committed a Crime, So Did McCain When He Sought Dirt From Foreign Spy The History of Trump and Agaiarov Families Rob Goldstone's Pivotal Role in Russiagate That Russian Attorney Might Just Be Part of Why Trump Fired Preet Bharara One question about the Russia investigation is prompting a 'robust discussion' in the Republican Party White House staffers are 'pointing fingers at one another' in the fallout surrounding Trump Jr.'s emails Republican donor kills himself after talking about working with Russian hackers to get Hillary Clinton's emails
(DBN)

Texas Republican congressman tells Trump to keep his kids out of the White House after Trump Jr. scandal
(DBN)

Trump's Defense on Everything: Obama Did It
(DBN)

Loretta Lynch responds to Trump's accusation Obama's Justice Department is to blame for Trump Jr.'s meeting with Russian lawyer
(DBN)

The 'What About Ukraine?' Defense of Trump Jr.'s Russia Meeting
(DBN)

DOJ Dismissed Russia Lawyer Fraud Case
(DBN)

Obama administration lawyers sue Trump campaign, adviser Stone for DNC email hack
(DBN)

Republicans’ immigration crackdown is forcing American farmers to confront their own politics
(DBN)

Trump's Stalwart Geopolitical Regions Are Religious, Rural
(DBN)

Paul Ryan announced he's modernizing the House dress code after uproar over female reporters denied access
(DBN)

Trump told the French first lady that she's 'beautiful' and in 'such good shape' during a meeting
(DBN)

Kid Rock for Senate a Terrifying New Normal
(DBN)

Fact-checking President Trump's interview with Pat Robertson Fact-checking President Trump's interview with Pat Robertson
(DBN)

Fact Check: "It's an absolute fact" that China and North Korea "have consistently over many, many years" meddled in U.S. elections.
(DBN)

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Motorcycles:

Millennials are destroying America's most iconic motorcycle brand
(DBN)

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Tech:

SoundCloud Has Enough Money to Survive Only 50 Days, Report Claims After cutting 40% of its staff, SoundCloud still reportedly has only enough money to last for 50 days SoundCloud Reportedly Nearing Bankruptcy SoundCloud Responds To Reports Of Impending Insolvency
(DBN)

Former owner of Innovative Objects faces 30-count indictment on fraud charges
(DBN)

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Fraud:

Investors: 'Pharma Bro' Shkreli was shady - and profitable Martin Shkreli "sings a song and everyone wants to follow him," Retrophin CEO testifies
(DBN)

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Hedge Funds:

Investors have reportedly yanked $400 million from David Einhorn's hedge fund
(DBN)

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Toll Roads:

Restructured Texas Toll Road Emerges From Chapter 11
(DBN)

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Student Debt:

A GOP congressman wants to make sure the Fed isn’t planning a student loan bailout
(DBN)

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Autos:

Used-Car ‘Time Bomb’ Expected to Drag on U.S. Auto Sales
(DBN)

Drivers Could Be Stuck with Faulty Airbags for Years
(DBN)

IN: Auto dealer goes bankrupt
(DBN)

Subprime auto loan ABS performance worsens in May
(DBN)

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Asset Recovery:

5 Questions Every Attorney Should Ask When Hunting for Hidden Assets
(DBN)

______________

Food/Beverage:

Group that operates Boston Beanery files for bankruptcy
(DBN)

Antitrust concerns sunk Jewel's Strack bid
(DBN)

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Resorts:

The fate of Lake Tahoe’s Cal Neva is still being determined
(DBN)

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Distressed Investing:

Junk Bonds Work Without a Net
(DBN)

______________

Taxis:

Uber Driver: I Made Under $2 an Hour
(DBN)

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Economy:

Weekly Initial Unemployment Claims decrease to 247,000 Weekly Initial Unemployment Claims Since 1971
(DBN)

Tale of two factories: hope, anguish ahead of Trump's steel tariff call Trump might impose tariffs and quotas on foreign steel 15 ex-White House economists oppose steel tariff Trump promises to crack down on foreign steel, but delays continue
(DBN)

Forecast of weak economic growth raises big questions about Trump’s populist agenda
(DBN)

Heartland’s Struggling Economy Shows That the U.S. Needs More Good Jobs
(DBN)

McMaster, Cohn Detail 'America First' Policies
(DBN)

National Wealth Still Depends on Making Some Stuff
(DBN)

One chart blows up Trump's promise that his budget will eliminate the deficit CBO: Trump Budget Doesn't Improve Economy or Balance Budget
(DBN)

Consumer Borrowing Reaches Highest Increase Since Last Fall
(DBN)

White House budget wouldn’t eliminate deficit or do much to grow economy, CBO says
(DBN)

Fed is prepared to act against Wells Fargo if warranted, Yellen says
(DBN)

Janet Yellen Still Going Through The Motions
(DBN)

Yellen Would ‘Discuss’ Renomination With Trump if Asked
(DBN)

Trump's New Fed Nominee Could Be a Seismic Shock to the System
(DBN)

Hotels: Occupancy, RevPAR down Year-over-Year
(DBN)

Health-Care Bill Delays May Doom Tax Reform This Year Tax reform and tax cuts are coming even if health-care bill fails — political strategists
(DBN)

The GOP’s under-the-radar tax break for the upper middle class
(DBN)

Trump says his wall along the US-Mexico border will have to be see-through so people don't get hit with giant sacks of drugs Trump's Incredible Shrinking Border Wall
(DBN)

Stanford: Americans Among Laziest in World
(DBN)

An Indiana senator who slammed Carrier for outsourcing is profiting from outsourced labor
(DBN)

Here’s How Americans Spend Their Time, Sorted by Income
(DBN)

Social Security Trust Runs Out in 17 Years
(DBN)

How Income Inequality Makes Economic Downturns Worse
(DBN)

Globally, More Name U.S. Than China as World’s Leading Economic Power
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

______________

Real Estate:

6th Cir. BAP Holds BK Court Lacked Jurisdiction to Void Mortgage Lien Signed Before but Recorded During Bankruptcy
(DBN)

Mortgage rates soar to highest levels since early May
(DBN)

Leading Index for Commercial Real Estate Increases in June
(DBN)

Quality Care Properties’ Sets Short Deadline for Receiving Past Due Rent from HCR ManorCare
(DBN)

Homeowners seek to halt Wells Fargo loan changes in high-profile bankruptcy case
(DBN)

Millennials most likely to regret real estate choices
(DBN)

Pimco sues Wells Fargo, claims MBS trustee ‘looted’ trusts to pay legal fees
(DBN)

The No. 1 thing Americans hate about their homes
(DBN)

____________

Municipalities:

Pension costs just jumped for Kentucky's school districts, local governments
(DBN)

States Should Stick to Pension Promises
(DBN)

As Bankruptcy Looms for Hartford, Conn., S&P Downgrades Its Debt to 'Junk'
(DBN)

Illinois' strategy for digging out of debt : taking on more Illinois Budget That Saved It From Brink May Add to Pension Debt
(DBN)

Puerto Rico's Tennessee Plan
(DBN)

Maglan Capital: Some Lessons Learned From Puerto Rico
(DBN)

PROMESA and the Bankruptcy Clause: a Reminder About Uniformity
(DBN)

Hedge Funds Disclose Just How Many Puerto Rico Bonds They Own
(DBN)

JeffCo turns to credit markets for first time since bankruptcy
(DBN)

Moody's Cuts Hartford Rating Further, Citing Bronin's Move To Restructure Debt
(DBN)

Ranking The States By Fiscal Condition
(DBN)

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Oil/Gas:

US shale firms are teaming up with Wall Street to frustrate OPEC
(DBN)

Fri.: Oil gains pause, but optimism remains after IEA report
(DBN)

Thurs.: Oil gains 1.5 pct as robust Chinese demand seen draining glut
(DBN)

Oil slides as IEA grows less confident on global rebalancing
(DBN)

‘’Oil Market Rebalancing Hasn’t Even Started Yet’’
(DBN)

OPEC Oil Woes Go Beyond Nigeria and Libya
(DBN)

A New Sign of Fear for U.S. Drillers
(DBN)

Oil Sands Help Shale Stymie OPEC's Effort to Rebalance Market
(DBN)

Russia Sanctions Bill Stalled by GOP Over Energy Provisions
(DBN)

Fear of bankruptcy spreads from US energy stocks to junk bonds
(DBN)

Houston offshore engineering co. files for bankruptcy
(DBN)

Tidewater announces confirmation of plan of reorganization
(DBN)w

Saudi Arabia’s worst-case oil scenario might surprise you
(DBN)

Plaintiffs seek $43.9M as both sides make arguments in Primera Energy investors lawsuit
(DBN)

Big Oil Just Woke Up to Threat of Rising Electric Car Demand EU: Only Electric Cars Sales by 2035
(DBN)

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Healthcare:

Hospital Impact—A guide to a healthcare provider bankruptcy case
(DBN)

More in U.S. Say Healthcare Is the Most Important Problem
(DBN)

Republicans just released a new healthcare bill — here's what's in it Massive Senate GOP shift on pre-existing conditions Senate health care bill is in moderates' hands Senate GOP’s revised health bill would allow insurers to sell cheaper, stripped-down plans From acne to pregnancy, here's every 'preexisting condition' that could put your insurance at risk under the Senate's healthcare bill How the Senate Health Bill Compares to House Bill, Obamacare Susan Collins, Rand Paul to vote no on revised health bill The 5 faulty beliefs that have led to Republican dysfunction on health care The GOP healthcare plan could strip care from tons of children — and their parents are fighting back The revised Senate healthcare bill is already on the verge of imploding How Republican reform would weaken Medicare Trump: 'The only thing more difficult than peace between Israel and the Palestinians is healthcare' 'Unacceptable': Doctors and patient advocates slam the Senate Republicans' healthcare plan (again) Why the Senate Health-Care Bill Might Never Get a Final Vote
(DBN)

Everything's Negotiable Except Cutting Medicaid
(DBN)

The Senate's Health-Care Follies Are Years in the Making
(DBN)

Obamacare Is Not Collapsing, Imploding or Exploding Here Is the Deal Democrats Should Offer Republicans to Save Obamacare The GOP dilemma: Strengthening Obamacare policies they’ve promised to end How Would a Bipartisan Health Bill Even Be Possible?
(DBN)

Health insurers have been strangely quiet about undoing Obamacare. Until now.
(DBN)

Guess How Many Americans Don't Have Health Insurance -- The ...

DOJ announces charges against 400 people for $1.3 billion in health-care fraud
(DBN)

‘Extreme’ Use of Painkillers and Doctor Shopping Plague Medicare, New Report Says
(DBN)

New Report: ‘Extreme’ Use of Painkillers and Doctor Shopping Plague Medicare
(DBN)

Trustees' report says Medicare will be insolvent by 2029
(DBN)

Health Care Will Bankrupt the Nation
(DBN)

US spends big on health care but doesn't get much back, study says
(DBN)

______________

Banking:

Banks are not headed back to 2007, says analyst
(DBN)

An ATM dispensed cash — and notes for help from a man trapped inside
(DBN)

______________

Media:

Bankruptcy Newsletter Is Protected by NY Shield Law, Appellate Court Rules In Defeat For coal Giant Murray Energy, Appeals Court Expands Protection Of NY Reporter Shield Law
(DBN)

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Celebs:

Mike Myers' Brother, Star of a Sears TV Ad, Laid Off By Retailer
(DBN)

Rapper DMX charged with evading $1.7 million in taxes
(DBN)

Former "Dance Moms" star Abby Lee Miller reports to prison today
(DBN)

______________

Advisors:

Industry Veterans Launch Caissa Capital Restructuring Firm
(DBN)

______________

Brides:

Bridal Retailer Alfred Angelo, Planning to File for Bankruptcy, Closes Stores Dressless brides are freaking out about Alfred Angelo's sudden bankruptcy Alfred Angelo Bridal store abruptly closed Alfred Angelo Bridal store's closing nationwide
(DBN)

______________

Aviation:

GLO bankruptcy doesn't leave Okaloosa in the lurch
(DBN)

______________

Auto Racing:

Formula 1's bosses may need to step in to save the British Grand Prix
(DBN)

______________

Coal:

Trump Wants US Money to Build Coal Plants
(DBN)

______________

Nuclear:

Why Nuclear Power, Once Cash Cow, Now Has Tin Cup
(DBN)

______________

Climate:

Dozens of Republicans side with Dems on climate vote
(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 (20 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (53 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:

35% YTD Increase in Retail Bankruptcies
(DBN)

Why Texas business bankruptcy filings have hit record levels
(DBN)

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Ch. 13:

BK CD IL Seeks Comments On Model Ch. 13 Plan
(DBN)

Debtor Could Cram-down Condo Association’s Secured Claim, Since the COA’s Claim is Secured by Both a Consensual and Statutory Lien
(DBN)

______________

TBTF:

Yellen: Essential to maintain orderly liquidation
(DBN)

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Reclamation:

Third Circuit Clarifies Definition of “Received” in Context of Section 503(b)(9) Claims
(DBN)

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Insurance:

You Can’t Make Claims Disappear, But You Can Assign Them: Court Grants Assignment of Environmental Policies Regardless of Anti- Assignment Clauses
(DBN)

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Avoidance Actions:

F-Squared Investment Management – Avoidance Actions Filed
(DBN)

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TIA:

TIA White Paper
(DBN)

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Retailing:

JCPenney is scavenging the carcasses of America's dying retailers
(DBN)

Analyst urges Costco to buy Whole Foods in brutal open letter
(DBN)

U.S. retailer Guitar Center explores debt restructuring
(DBN)

Target's upbeat forecast drives retail stocks higher Target's Back-to-Basics Approach Works, for Now
(DBN)

We’re starting to shop online as often as we take out the trash
(DBN)

Bonfire of the Retail Stocks Brings Traders Running
(DBN)

UES Retailer Peter Elliot’s Madison Avenue Shop Heads Into Bankruptcy
(DBN)

Children's clothing retailer to close 5 Orlando area stores
(DBN)

Retail bankruptcies in 2017 may eclipse financial crisis toll
(DBN)

Tiger, Great American to Manage Gymboree Store Closings
(DBN)

Amazon is getting too big and the government is talking about it
(DBN)

Why the Post Office Gives Amazon Special Delivery
(DBN)

'Amazonification' of Main St. is killing wages, causing Japan-like deflation, strategist says
(DBN)

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Electricity:

Elliott Management hires Moelis for $9.3 billion Oncor bid
(DBN)

3 Reasons Why Paul Singer Is Not Happy with Buffett’s Bid for Oncor Electric

______________

Travel:

It's war: American Airlines cuts ties with 2 of its biggest rivals in huge airline dispute
(DBN)

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Fraud:

Ex-NY Assembly Speaker Sheldon Silver's 2015 conviction overturned Ex-NY Assembly Speaker Could Still Face Retrial in Corruption Case Silver May Start ‘Parade of Horribles’ Out of McDonnell Case, Critics Say In Next Silver Trial, Prosecutors Will Have Narrower Road, Lawyers Say
(DBN)

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Corporate Reform:

Here’s Why White-Collar Criminals Often Go Free
(DBN)

CFPB Hits Back at Efforts to Kill Rule Easing Bank Lawsuits
(DBN)

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Litigation:

Meeting Client in a Coffee Shop? Be Wary of Privilege Waiver
(DBN)

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Personal Finance:

5 things rich people confess to sacrificing to get rich
(DBN)

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Luxury:

The firm that sold $14,000 smartphones has reportedly collapsed
(DBN)

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History:

The Story of “The Last Bankrupt Hanged”
(DBN)

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Education:

States Fight to Protect Students of Schools
(DBN)

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UK:

Pound's Brexit Slump Boosts Earnings at Big London Law Firms
(DBN)

Insolvency service continues clampdown on debtors’ irresponsible behaviour
(DBN)

Women ‘increasingly more likely than men to become insolvent’
(DBN)

Blackpool's insolvency rate is 10th worst
(DBN)

RBS’s Legal Reserve Starts Coming In Handy
(DBN)

Brexit Clash Threatens U.K. Crisis as Scotland, Wales Revolt The UK accepted for the first time that it will need to pay a Brexit bill to the EU Theresa May is set to do battle with Scotland and Wales over the historic Brexit bill A 'Hard Brexit' could be 'catastrophic' for the City of London and cost 70,000 jobs
(DBN)

Pre-Action Protocol: What is it and what do creditors need to do?
(DBN)

Oil City's Property Slump Exposes a Jaded Britain
(DBN)

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EU:

COMI, creditors and insolvency practitioners – the recast regulation
(DBN)

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Canada:

IMF warns Canada on housing, trade; urges caution on rate hikes
(DBN)

Sears Canada's employees want court to protect their health benefits Former Sears Canada employees fume as company seeks approval for sales process Laid off Sears Canada workers include Mike Myers' brother who starred in ad Sears managers to earn thousands in bonuses while laid-off workers get no severance Sears Canada extends benefits to former employees while seeking approval for sales process
(DBN)

Sears Canada wins court approval for sale process
(DBN)

Outlook is bleak for oilfield service companies as crude prices continue to drop
(DBN)

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Czech Republic:

Czech Republic introduces new solvency test
(DBN)

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India:

Insolvency: JSW Takeover Of Monnet Ispat Not Acceptable, SBI Says Monnet Ispat eyes JSW deal to escape insolvency JSW Steel chief Sajjan Jindal says could tweak offer for near bankrupt Monnet Ispat
(DBN)

Order to banks to speed up loan recovery within our powers: RBI
(DBN)

Essar Steel suppressed facts: SBI to Gujarat High Court on insolvency case
(DBN)

Insolvency : NCLT sends notice to Bhushan Steel, Bhushan Power Bhushan Steel falls as NCLT hears firm's bankruptcy petitions
(DBN)

Insolvency and Bankruptcy Board of India finalizing standards to set up info utility
(DBN)

JSW Energy's acquisition of Jaiprakash Power Bina plant deferred till Dec
(DBN)

Desperate measures
(DBN)

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Brazil:

Brazil banks near $5.5 bln JBS debt refinancing -sources
(DBN)

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Ukraine:

NBU declares bank Novy insolvent
(DBN)

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Singapore:

Singapore narrowly dodges recession — here's how Reuters Singapore's economy has been growing much more slowly than people thought
(DBN)

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Venezuela:

Venezuela is at risk of losing an entire generation
(DBN)

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Australia:

GFG Alliance's bid for Arrium is given all clear by creditors ' committee
(DBN)

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Turkey:

Oger creditor banks in talks on sale of $3.3 bln Turk Telekom stake
(DBN)

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Azerbaijan:

Azeri bank IBA says has over 87 pct support for restructuring
(DBN)

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