June 12, 2017

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Money talks, partners walk: how the pay gap between elite US and UK firms became a chasm
(DBN)

Where Should Firms Draw Line on Contract Lawyers?
(DBN)

Law Firm Management: A Cautionary Tale for the Tech Illiterate
(DBN)

Where Have All Of The Happy Lawyers Gone?
(DBN)

Mental Illness Becomes Major Issue in Legal Community
(DBN)

Avery Blank On Millennials, Opportunities, And Women’s Leadership
(DBN)

Workplace evolution - will robots take our place?
(DBN)

The Future is Now for Applying Analytics to the Law Firm
(DBN)

UNC Law School Alums Rally Against Proposed 'Catastrophic' 30% Budget Cut As Payback To Liberal Faculty
(DBN)

The Cravath School Of Law: Should Law Firms Own Law Schools?
(DBN)

How Could Silicon Valley Re-Invent Law School?
(DBN)

Big Law Adopts 'Rooney Rule' To Increase Diversity; Should Law Schools Be Next?
(DBN)

Eight Of The Twelve Law Schools With The Highest Unemployment Rates Are In California
(DBN)

ABA Seeks Input On Proposed Changes To Bar Passage Accreditation Requirement, Bar And Employment Questionnaires
(DBN)

Covington takes 15 more Chadbourne lawyers ahead of Norton Rose Fulbright merger
(DBN)

Comey, DOJ offer conflicting accounts on Jeff Sessions' recusal from Russia probe Jeff Sessions is next Democrat promises to grill Attorney General Jeff Sessions on Comey firing Sessions: I'll Address Senate Intel Panel
(DBN)

Trump's Lawyer Wrong on Executive Privilege
(DBN)

Kasowitz to file complaint against Comey over leak of Trump memos Kasowitz Reportedly Filing Complaint Against Comey Because Understanding Criminal Law Is Hard Where Trump's Lawyer Eyes Vindication Others See Obstruction Trump Lawyer Accuses Comey of 'Unauthorized Disclosures' of 'Privileged Communications' With President The Case Against James Comey Privilege and the president
(DBN)

Trump Attorney: Mueller Might be Fired Too
(DBN)

When a Boss 'Hopes,' Employees Know Exactly What That Means
(DBN)

Dem Senator Calls for Investigation into Loretta Lynch After Comey Testimony
(DBN)

Fired US Attorney Preet Bharara says there's 'absolutely' evidence to begin an obstruction of justice case against Trump
(DBN)

Covington Goes Dark on Comey Day
(DBN)

DC, Maryland Attorneys General reportedly to sue Trump over alleged violations of Constitution
(DBN)

How Trump Digs a Deeper Legal Hole When He Tweets
(DBN)

'A very weird and peculiar thing': Preet Bharara describes Trump's 'unusual' attempts to forge a relationship
(DBN)

Bay area lawyer's personal problems led to bankruptcy fraud
(DBN)

Disgraced ex-lawyer Prins agrees to plead guilty
(DBN)

Man sentenced to death for 'blasphemy' on Facebook
(DBN)

Law firm defrauds timeshare owners to get their business, country club claims
(DBN)

6th Circ affirms ex-attorney's 20-year sentence for stealing funds from $42 million judgment
(DBN)

Law firm says defendant cut secret deal with their client
(DBN)

6th Circ affirms 20-year sentence for atty who admitted to stealing funds
(DBN)

Why You Need To Think About Your References Before You Need Them
(DBN)

That’s One Way To Use Your Yale Law School Degree
(DBN)

The Road To Your First Job
(DBN)

Taking ‘Should’ Out Of Your Vocabulary
(DBN)

Are you a Client or a Customer?
(DBN)

Be The Authority In The Courtroom
(DBN)

What Climate Accord Withdrawal Means for Law Firms and Clients
(DBN)

A Reminder To Silence Your Cell Phone In Court Via Gloria Allred
(DBN)

Appeals court rejects new habeas petition seeking chimpanzees’ release
(DBN)

Kellogg’s Takes Australian Tennis Player To Court For Branding Himself ‘Special K’
(DBN)

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Judges:

Supreme Court justices: Not just like us
(DBN)

Ginsburg earned more than $200K in book royalties, financial disclosure forms reveal
(DBN)

“The Originalist” Q&A with playwright John Strand 2.0
(DBN)

Trump to Attend Supreme Court Event for Gorsuch
(DBN)

Senate leader looking forward to reshaping federal judiciary
(DBN)

Justice Stephen Breyer: Adding cameras to Supreme Court a 'risk'
(DBN)

Justice Breyer: Supreme Court 'boring' without Scalia
(DBN)

Restoring credibility? Trump’s slate of 11 judicial nominees could shake up courts
(DBN)

Judge Denies Alleged Clown’s Motion to Juggle
(DBN)

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Wall Street:

US markets set for mixed open; European politics and the Fed closely watched Tech stocks set to slump again, as Nasdaq-100 futures drop 1%
(DBN)

Nasdaq closes 1.8% lower, posts worst week of the year as big tech stocks tank
(DBN)

Citi: 'One of the scariest charts to look at' could create major concerns about the market
(DBN)

Goldman Could be Wall Street's Big Winner
(DBN)

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Layoffs:

Experts predict when AI will exceed human performance
(DBN)

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Celebs:

"Real Housewives" star's ex-bankruptcy attorney can't slip malpractice suit
(DBN)

Darius Miles' Bankruptcy Sale Includes Signed LeBron James, Larry Bird Jerseys Loses Everything In Bankruptcy Sale
(DBN)

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Theatre:

Bankruptcy forces curtain to fall on community theater
(DBN)

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Retailing:

Bankrupt BCBG to be Sold to Global Brands & Marquee Brands
(DBN)

US retail strain pushes Gymboree into bankruptcy protection Gymboree Reaches Agreement with Term Loan Lenders First Day Dec
(DBN)

More retailers are in danger of bankruptcy now than during the Great Recession The ranks of distressed apparel and specialty retailers are growing, Moody's finds
(DBN)

Dollar Tree Faces Off With Sycamore Partners
(DBN)

Sears Is Done, Traditional Retail Is Dying We Are Watching the Endless, Tortuous Liquidation of Sears, Says This Former Top Exec at Retailer
(DBN)

Lenders who finance luxe shopping chains are nervous for the holidays
(DBN)

Pirate Joe’s, Maverick Distributor of Trader Joe’s Products, Shuts Down Trader Joe’s Pays Canadian Pirate to Retire
(DBN)

The Death of Retail is Greatly Exaggerated
(DBN)

Ascena closing up to 650 clothing stores including Dress Barn
(DBN)

Fighting for their lives, malls reinvent themselves for the experiential set
(DBN)

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Mining:

Would-be miner of rare earths bets on electric cars
(DBN)

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Food/Beverage:

Big Law Employment Firms on Hook in Joe's Crab Bankruptcy
(DBN)

Bidders for Marsh Still a Secret Marsh creditors qualify potential buyers for auction Monday
(DBN)

Landry's expresses interest in Ignite bankruptcy case
(DBN)

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Advisors:

EY expands US Restructuring Advisory Services practice amid growing market demand
(DBN)

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Travel:

Trump's 'air-travel revolution' could make flying more expensive
(DBN)

Paying a Price for 8 Days of Flying in America
(DBN)

Airline passengers reach a new low
(DBN)

Here's why you may have to start leaving yourself extra time to get through airport security
(DBN)

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Media:

10 months ago, Univision bought Gawker in a fire sale, and it's been messy ever since
(DBN)

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Coal:

Hope in coal country
(DBN)

Town That Helped Power Northwest Feels Left Behind In Shift Away From Coal
(DBN)

Trump's Coal Bet Faces a Tough Foe: Moore's Law
(DBN)

Coal can’t compete on its own
(DBN)

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Biofuel:

$4.5M for KiOR investors under federal settlement
(DBN)

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Defaults:

Marathon's Richards Sees 'Big Default Cycle' in Late 2018
(DBN)

Global Speculative-Grade Default Rate Continues Downward Trend
(DBN)

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Economy:

Total Household Net Worth as Percent of GDP Since 1952
(DBN)

Fed Nowcast stands at 2.3% for 2017:Q2 and 1.8% for 2017:Q3.
(DBN)

As inflation eludes, U.S. rate-hike bets lose shine It might not be a Goldilocks economy, but it’s warm enough to get Fed to raise rates
(DBN)

One simple action the Fed refuses to take could make its policies a lot more powerful
(DBN)

Prophets of Doom With Too Much Gloom
(DBN)

FOMC Preview Goldman: FOMC Preview Merrill FOMC Preview
(DBN)

Trump's Economic Agenda Is Almost Dead
(DBN)

Here's what bond investors need to know about the Fed's efforts to reduce its balance sheet
(DBN)

Trump is starting to draw battle lines with Congress on an issue with huge implications for the global economy
(DBN)

George Friedman: Here's why the US’ withdrawal from the Paris Climate Agreement makes sense
(DBN)

The largest employers in each US state
(DBN)

Mnuchin Says U.S. Can Cope If Debt Ceiling Not Raised by August U.S. readying ‘plans and backup plans’ if debt ceiling isn’t raised soon, Mnuchin says
(DBN)

FactCheck: Trump's Infrastructure Claims To speed infrastructure, Trump proposes a permit process that already exists Multiple transit projects across U.S. at risk as White House infrastructure plan falters
(DBN)

US Tourism Down 16% This Year
(DBN)

Stop Pretending You’re Not Rich
(DBN)

These Are the Most Admired Employers in America
(DBN)

How Are We Doing on Retirement Readiness? New Data Offers Cautious Hope
(DBN)

America’s insomnia problem is even worse than before the Great Recession Want to earn more? Sleep more
(DBN)

With consumer debt at record high, low-income borrowers falling behind
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

States with the Most Foreclosed Homes
(DBN)

Bankruptcy Court Holds that Mortgage with Incorrect Legal Description is Avoidable in Bankruptcy
(DBN)

Mortgage Equity Withdrawal slightly negative in Q1
(DBN)

'Nearly bankrupt': What role did the relationship between the ACHA and Laborers' Local 773 play in housing crisis?
(DBN)

Stunning photos show what it's like to live at the top of New York City
(DBN)

Consumer Financial Protection Bureau Takes Action Against Fay Servicing
(DBN)

After the Housing Bubble Burst
(DBN)

Goldman: "Prices and Risks in Commercial Real Estate"
(DBN)

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Municipalities:

Puerto Rico Warns It May Grab Sales-Taxes Claimed by Bondholders
(DBN)

Puerto Rico Finds Going Bust Isn't Cheap as Consultant Fees Rise
(DBN)

Puerto Rico mulls political status in new referendum Statehood? Sovereignty? Bankrupt Puerto Rico heads to ballot box Gov. of Puerto Rico: Statehood offers equality & stability Divided Puerto Ricans vote on whether to become US state Puerto Rico votes on statehood -- though Congress will make final call Should Puerto Rico Be the 51st State? Residents Go to the Polls. Puerto Rican Voters: Statehood Is 'Our Only Hope' As Puerto Rico Moves To Polls For US Statehood, Prospects Seem Bleak Raising Questions On Affordability Puerto Rico Votes in Plebiscite on '500 Years of Colonial Status' Puerto Rico votes on complicated US relationship Puerto Rico Votes for Statehood - Voters overwhelmingly supported the decision, but there was dismal turnout Puerto Rico votes for statehood, but low turnout may undermine chances (Some) Puerto Ricans vote for US statehood
(DBN)

Puerto Rico Utility Deal Shows Signs of Unraveling
(DBN)

The unknown victims of Puerto Rico's historic bankruptcy
(DBN)

Author: Puerto Rico's bankruptcy will bring new waves of Latinos to the U.S.
(DBN)

Puerto Rico’s Economy Isn’t Doomed. Here’s How to Save It
(DBN)

Legal Judgments Put Financial Pressure on Local Governments
(DBN)

Bond debt has steadily grown for financially troubled South Tucson
(DBN)

Atlantic City Stabilizes After State Takeover, But Unhappiness Remains
(DBN)

Illinois: America's Failed State
(DBN)

What’s the Insurance Capital Without Aetna? Hartford May Find Out
(DBN)

The Wealthiest City in Every State
(DBN)

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Oil/Gas:

Burst in investor confidence in oil pushes up prices
(DBN)

Why Post-Bankruptcy C&J Energy Services Bucked Industry Trends to Rise 16% in May
(DBN)

North Dakota oil industry shows signs of a rebound
(DBN)

Feds give Gulf drillers a break
(DBN)

Record Breaking U.S. Exports Could Hurt Oil Markets
(DBN)

Oil market likely to move into balance by Q1 2018, says Russia energy minister
(DBN)

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Resorts:

Winning bid for Lauderhill resort is $12.2M
(DBN)

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Solar:

American Solar Direct swerves into chapter 7 bankruptcy
(DBN)

Solar Energy is Revolutionizing Markets While Trump Tries to Prop Up a Dying Coal Industry
(DBN)

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Healthcare:

Limitations on Adjudicating Disputes Involving Medicare Provider Agreements
(DBN)

FBI is investigating an Oregon health care startup
(DBN)

Dallas independent Walnut Hill Medical Center files for bankruptcy after sudden closure
(DBN)

GOP Knows Their Health Care Plan is Junk
(DBN)

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Trucking:

Colona trucking business files for bankruptcy
(DBN)

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Politics:

Justice Department argues it's fine for Trump to take payments from foreign governments, citing George Washington Trump's Defense of Taking Foreign Money Is Historically Illiterate DOJ: Emoluments Suit is Unconstitutional
(DBN)

Where the Trump-Russia saga goes from here Donald Trump Jr. appears to corroborate Comey's version of the Oval Office meeting with Trump Trump accuses ex-FBI director Comey of cowardice over 'leaks' No Indication Comey Violated Any Law Trump says he is ‘100 percent’ willing to testify about Comey meetings RNC Chair Calls For End to Trump Probe As Lines Harden Over Comey’s Testimony Why Trump Is Almost Certainly Bluffing When It Comes to Comey Trump Calls Comey “Cowardly” As Polls Show Public Believes Comey Chuck Schumer invites Trump to testify about Comey and Russia, says 'no more game playing' Comey was Before Congress to Indict Trump. Instead, He Might Have Indicted Himself. Congress Asks Trump if Tapes Exist
(DBN)

Deutsche Bank Won’t Disclose Trump Dealings Citing Privacy As Much As Deutsche Bank Would LOVE To Get Publicly Involved With Trump’s Potential Impeachment Crisis Via Its Own Russian Trading Scandal, It Literally Can’t Right Now
(DBN)

Melania, Barron Trump move into the White House
(DBN)

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Taxis:

Uber's Board to Discuss Leave of Absence for Top Executive Uber's long-time chief business officer rumored to resign Monday amid investigation into company's culture Uber CEO Travis Kalanick may take a temporary leave of absence from the company Uber board adopts all recommendations from Eric Holder investigation
(DBN)

Uber Drivers Don't Feel Like Their Own Bosses
(DBN)

NYC 'taxi King' charged in Albany with theft, fraud
(DBN)

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Banking:

First NBC lawsuits offer peek into failed bank's appetite for risk
(DBN)

Trump's Bank Regulator Recuses Himself from Regulating Banks
(DBN)

Big Banks May Keep Their Risky Investments
(DBN)

France and the UK can teach Trump how to revive America’s shrinking middle class
(DBN)

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Radio:

Cumulus Media is on the brink of a total collapse
(DBN)

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Electricity:

Changing markets challenging Houston power companies
(DBN)

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Tax:

Tax trouble firms' most likely road to bankruptcy
(DBN)

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Student Debt:

Deep in Debt, a Professor Aims to Get His Finances in Order
(DBN)

Defaulting on student loans may lead to the loss of your home
(DBN)

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Fraud:

The Bounty Hunter of Wall Street
(DBN)

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New Bankruptcy Opinions
(6 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (69 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (7 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)

______________

Bankruptcy Statistics:

May Y/Y Commercial Bankruptcies Increase, Chapter 11 Filings Fall
(DBN)

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Arbitration:

District of Delaware Ruling Reminds Parties of the Danger of Narrow Arbitration Provisions
(DBN)

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Proofs of Claim:

Supreme Court Issues Midland Funding Decision
(DBN)

Debt Collectors Win in Supreme Court
(DBN)

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Structured Dismissal:

Early Post-Jevic Decisions Suggest Possible Expansive Interpretation
(DBN)

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Ch. 13:

3rd Circuit: Bankruptcy Code Does Not Prohibit a Bankruptcy Court from issuing a Filing Injunction Against a Debtor who Requests Voluntary Dismissal under 11 U.S.C. § 1307(b)
(DBN)

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Asset Protection:

Alter Ego Cuts A Broad Swath Against Nevada Entities And Trusts In Transfirst
(DBN)

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Plan Confirmation:

Preserving Post-Confirmation Causes of Action – Part 2
(DBN)

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Professional Fees:

Fee Defense Litigation: Clarifying the Reach of 'Asarco'
(DBN)

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Construction:

Using Article 3-A to Protect Payment Rights in a Construction Bankruptcy
(DBN)

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Avoidance Actions:

A Preference Pendulum: Extraterritorial Application of Avoidance Powers in the SDNY
(DBN)

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Bankruptcy Remoteness:

A Golden Share and the Conflict Between Freedom of Contract and Federal Policy
(DBN)

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Litigation:

Evidence Authentication 101: How Rule 902 Will (And Won't) Change Civil Litigation
(DBN)

Lodestar rising? Calif. federal judges are opting for lodestar awards in megacases
(DBN)

Litigation finance, turnaround & corporate restructuring in Asia
(DBN)

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Bankruptcy Crimes:

US Trustee’s FY 2016 Annual Report on Criminal Referrals
(DBN)

Winter Haven attorney gets prison for concealing assets in bankruptcy case
(DBN)

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UCC:

What is in A Name Redux – Recent Case Law Interpreting the Requirement for Correctly Stating the Name of an Individual Debtor under Revised UCC Section 9503
(DBN)

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Corporate Reform:

Treasury Not Backing Hensarling Bill
(DBN)

House Votes to Adopt CHOICE Act, Which Would Effectively Gut the CFPB
(DBN)

Congress Makes the Wrong Choice with Financial Reform Rollback Legislation
(DBN)

______________

Mass Torts:

Pennsylvania House committee puts off vote on asbestos transparency legislation
(DBN)

______________

Autos:

Judge Makes Key Rulings in GM Ignition Defect MDL Case
(DBN)

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Nuclear:

Toshiba to pay $3.68 billion for Westinghouse reactors in US Toshiba rescues half-built Georgia nuclear plant Service agreement reached in Plant Vogtle expansion Toshiba agrees deal to cap US reactor liability
(DBN)

Does Nuclear Energy Have a Future in the United States?
(DBN)

______________

UK:

HaloSource warns of insolvency if fundraising fails
(DBN)

Trump has delayed his state visit to the UK once again in fear of mass protests
(DBN)

FTSE 100 falls as tech stocks suffer, U.K. political uncertainty persists
(DBN)

UK election casts a shadow over Brexit UK Prime Minister says she'll form Conservative government, press ahead with Brexit A Defeated UK Leadership Clouds the Brexit Outlook Former Chancellor Osborne: Theresa May is 'a dead woman walking' UK PM May reappoints top Brexit team despite poll setback Theresa May's Disastrous Failure U.K. election fiasco means heartburn for EU leaders, too British PM Theresa May increasingly under pressure after shock vote
(DBN)

UK business confidence slumps after election - IoD survey
(DBN)

The Punishment of Theresa May
(DBN)

Half of UK employers unprepared for immigration changes - think tank
(DBN)

UK consumer spending falls for first time in nearly four years - Visa
(DBN)

Moody's sees Brexit talks delay after election, softer exit possible
(DBN)

EU chief Jean-Claude Juncker urged Theresa May to hold the election that makes Brexit even more complicated
(DBN)

Too leyt? Leyton Orient owner Francesco Becchetti begins paying off creditors ahead of second winding up petition
(DBN)

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PIIGS:

Greek gov't eyes compromise as French push proposal Barroso: Political clashes stymied Greek progress
(DBN)

Unending Greek Nightmare Produces New Form Of Psychosis
(DBN)

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Canada:

Judge approves sale of Stelco to Bedrock Industries
(DBN)

Canadians are using second mortgages to avoid bankruptcy
(DBN)

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MENA:

Administrator files for Fishman bankruptcy
(DBN)

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Aruba:

Insel Air Aruba declared bankrupt as airline's struggles continue
(DBN)

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Romania:

Insolvency law for individuals enforced in Romania starting September
(DBN)

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India:

Arun Jaitley to meet PSU bank chiefs on Monday to review NPA situation
(DBN)

Why test for bankruptcy law is a larger test for India
(DBN)

India close to listing loans to resolve via bankruptcy rules, says Arun Jaitley
(DBN)

______________

Brazil:

Brazil's Oi considers capital hike to accelerate reorganization
(DBN)

Debt Talks Said to Stall Between Brazil's CSN and Creditors
(DBN)

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Azerbaijan:

Azerbaijan bank restructuring secures over 50% backing
(DBN)

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MENA:

Fixing Trump's Qatar Blunder (He's Not Helping)
(DBN)

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Venezuela:

Wall Street Is Starting to Get Nervous About Venezuela's ‘Hunger Bonds’
(DBN)

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Cuba:

Trump to Unveil New Cuba Policy This Week Some in GOP: Don't Reverse Cuba Opening
(DBN)

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Singapore:

Singapore's Bold New Restructuring Laws Take Effect
(DBN)

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China:

Another Chinese region faked fiscal data, anti-corruption agency says
(DBN)

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