June 21, 2017

The Daily Bankruptcy News

View prior editions: Click Here
View prior case summaries: Click Here
Search prior headlines: Click Here
Search prior case summaries: Click Here

Format For Mobile Device



Law:

As Litigators Depart, Sedgwick Sheds Staffers
(DBN)

Two Big Firms Raid Ropes & Gray's Partnership Ranks
(DBN)

Law School’s Unequal Pay Lawsuit Gets Bigger
(DBN)

Bored by $1,000-an-Hour Pay, a Lawyer Hunts Wall Street Scores
(DBN)

3M Lawyer On Cutting Over 250 Law Firms
(DBN)

Why Law Firm History is Worth Remembering
(DBN)

Female Partner Promotions Plunge at Top U.K. Firms
(DBN)

Stroock Dodges Claims Stemming From $45M Investment Dispute
(DBN)

Why Lawyers Should Say No To ‘No Charge’ Invoice Items
(DBN)

Biglaw Partner Makes It Rain Because He Doesn’t Bill By The Hour
(DBN)

The Case for Lateral Partner Due Diligence
(DBN)

I hate my job and have been diagnosed with depression. I can’t financially afford to leave and feel trapped and helpless. What can I do?
(DBN)

Using an iPad to draft an appellate oral argument
(DBN)

This Beauty Queen Turned DOJ Lawyer Could Mean Trouble for Trump
(DBN)

Biglaw Firm Updates Parental Leave Policy To Address Unique Challenges New Parents Face
(DBN)

Legal tech startup devoted to corporate legal services raises $10.5M
(DBN)

Disruption? Meh.
(DBN)

Law student who came to aid of BigLaw partner lands summer associate job The Best Way To Score A Biglaw Summer Associate Gig? Save A Partner’s Life
(DBN)

Wall Street Now Fears the Lawyer Who Used to Defend It
(DBN)

Sometimes Being A Woman, At Work, Is Hard Work. Persist.
(DBN)

Lawyer for conservative causes confirms he is attorney general’s personal lawyer Sessions hires top lawyer Chuck Cooper
(DBN)

Jay Sekulow, evangelical lawyer new to Trump’s team, appears to contradict himself in TV interview
(DBN)

Why Trump Attacked His Own Deputy Attorney General
(DBN)

Why Does Every Republican Lawyer Have A Terrible Rock Band? Trump's Got a New Lawyer. And He's in a Band Named After Himself.
(DBN)

Poll: Courts Are Right In Blocking Trump’s Travel Ban
(DBN)

Judge Grants Man's Request For Trump Name
(DBN)

Prosecutors say Philadelphia DA took bribes to pay child support, "wine and dine" his girlfriend
(DBN)

Crazy Video Shows Homeowner, Neighbors Catching Burglar, Wrapping Him in Duct Tape
(DBN)

Cosby's lawyer says making his client go through trial is 'unfair'
(DBN)

'The Bachelorette' Judges Brains As Well As Brawn
(DBN)

______________

Judges:

Reappointment of Judge Roberta A. Colton United States Bankruptcy Judge, Middle District of Florida
(DBN)

PACER: Why life for ‘snitches’ has never been more dangerous Attacks on secret informants spur federal courts to consider limiting PACER access
(DBN)

Open hostility between defense counsel and Illinois judge can't overwhelm attorney's fraud conviction, 7th Circuit says
(DBN)

PAC ad supports law professor’s nomination to 3rd Circuit seat
(DBN)

______________

Wall Street:

U.S. stocks set for 2nd day in red as oil continues to roil markets
(DBN)

Stocks Close Mostly Lower Amid Steep Drop In Oil Prices
(DBN)

Fed's Guidance Has Made Markets More Volatile
(DBN)

Goldman Basically Handing Out Partnerships To Anyone With A Pulse At This Point
(DBN)

______________

Layoffs:

More than 120 layoffs proposed in L.A. school district budget
(DBN)

Dayton auto parts supplier to lay off 160 workers
(DBN)

EPA just gave notice to dozens of scientific advisory board members that their time is up
(DBN)

______________

Healthcare:

Hospital CEO gives update on bankruptcy proceedings at forum
(DBN)

Blue Cross Accused of Underpaying Walker County's Only Hospital
(DBN)

Uncertainty Over Obamacare Drives Up Average Premiums 18% Next Year
(DBN)

Senate Republicans are incredibly close to a vote on 'Trumpcare' Senate GOP releasing draft health care bill Thursday Even the Senate doesn't seem excited about its health bill Republicans see Medicaid as welfare. Most Americans don't
(DBN)

Areas of the US where an Obamacare repeal would hit the hardest
(DBN)

______________

Student Debt:

There's a surprising correlation between students' SAT scores and the amount of loans they take on
(DBN)

______________

Maritime:

South Korean shipbuilders shows signs of recovery
(DBN)

JP Morgan Targets Distressed Shipping Assets with USD 480 Mn Fund
(DBN)

______________

Retailing:

JCPenney Announces Successful Closing of $2.35 Billion Credit Facility Refinance
(DBN)

How to Survive the Retail Crisis: A Master Class from T.J. Maxx
(DBN)

Amazon Will Let Customers Try On Clothes Before Buying Amazon is trying to chip away at brick-and-mortar clothing stores’ last big advantage
(DBN)

Amazon's Real Target Isn't Whole Foods. It's Everything You Buy.
(DBN)

Amazon's rivals 'will do anything' to make the company pay more for Whole Foods Whole Foods' CEO confesses a huge mistake that has been hurting the company for years The Amazon Approach to Groceries Won't Replace Stores Amazon’s bid for Whole Foods sparks speculation on what it might gobble up next
(DBN)

Amazon strikes again: Nordstrom, JC Penney shares tank on 'Prime Wardrobe' rollout
(DBN)

Why doesn't Lampert take Sears private? Why Sears Holdings Corp. Stock Popped Today Embattled Sears Canada preparing to seek creditor protection
(DBN)

These 10 chain stores are in financial trouble, Moody's says
(DBN)

Gymboree targets September for confirmation of Chapter 11 plan
(DBN)

Payless settles creditor dispute over dividends - sources
(DBN)

The Changing Retail Landscape
(DBN)

______________

Corporate Reform:

Financial Reform Both Parties Can Agree On
(DBN)

______________

Coal:

Killing Coal and Fending Off Insanity
(DBN)

______________

Education:

DeVos Should Stick to the Rules on For-Profit Colleges
(DBN)

______________

Alternative Energy:

Why Bad Things Happen to Clean-Energy Startups
(DBN)

Solar panel makers look to White House for help
(DBN)

The Heated Politics of Renewable Energy
(DBN)

______________

Debt Collection:

$200 Debt Turns into $500 Jury Verdict …and $36,000 in Attorney Fees
(DBN)

What Concerns Do Experts Have for Future Debt Collection Practices after the Supreme Court's Decision in Henson v. Santander?
(DBN)

______________

Fraud:

Lawsuit Against GE Capital Over Petters Ponzi Scheme Heads to Trial
(DBN)

______________


Economy:

Americans' Confidence in Economy Stable
(DBN)

The Fed Didn't See This Type of Bond Conundrum Coming
(DBN)

Diagnosing the Health of the U.S. Consumer
(DBN)

Steven Mnuchin on Debt Ceiling, U.S. Economy, Fed Chair
(DBN)

More people were forced from their homes as of last year than any time since World War II
(DBN)

Chemical Activity Barometer "flat" in June
(DBN)

May auto default rate ties 10-year low
(DBN)

10 US cities where it's becoming more expensive to live comfortably
(DBN)

4 major trade conflicts the US has with Canada
(DBN)

Ford may have just placed itself in a perilous situation with Trump
(DBN)

Rural America Is Aging and Shrinking
(DBN)

Billionaire Trump official thinks we can draw more factory workers with ‘cocktails and hors d’oeuvres’
(DBN)

Steve Mnuchin Oiling Up The Money-Printing Presses
(DBN)

White House wants tax reform debate in September Ryan and Pence promise sweeping tax reform in 2017 Wall Street got something big from Paul Ryan's tax cut speech Ryan Demands Permanent Tax Reform
(DBN)

Study: Refugees boost the US economy; those sent home often fall prey to violence
(DBN)

75% of Americans have done this to pay for a vacation
(DBN)

Millennials are so screwed up about money they post fake ‘rich’ photos
(DBN)

Another reason workers are so stressed? The slow death of Summer Fridays
(DBN)

In this part of the Midwest, the problem isn’t China. It’s too many jobs.
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

______________

Real Estate:

Move Over Sundquist – 9th Circuit Says Enticing a Borrower to Apply for a Loan Mod It Knows Will be Rejected is a Violation of California B & P 17200
(DBN)

States with the Highest and Lowest Rate of Mortgages at Least 30 Days Past Due
(DBN)

Mortgage default rate falls to near record low in May
(DBN)

Shocker: Mortgage tech firm Sindeo suddenly folds
(DBN)

Lennar bullish after new home demand reaches 10-year high
(DBN)

Phoenix Real Estate in May: Sales up 9%, Inventory down 9% YoY
(DBN)

Millennial homeownership rates dropped in past decade
(DBN)

Goldman Sachs: The death of malls will fuel 'degentrification'
(DBN)

____________

Municipalities:

Mediation “Dream Team” Appointed in Puerto Rico — But With a “Voluntary” Limitation and Impediment
(DBN)

Puerto Rico families fight, flee a surge in foreclosures
(DBN)

Puerto Rico And The Mess To Come
(DBN)

Government Uses Bankruptcy to Stop All Kinds of Cases Against It
(DBN)

Board Draws the Line: No Creditor or Court May Change the Fiscal Plan (document)
(DBN)

Judge Swain Deals a Blow to Secrecy in Rosselló Administration (document)
(DBN)

Dismantling Colonial Fantasies About Puerto Rico
(DBN)

IL: Madigan's spokesman says bankruptcy "would damage the reputation of the state"
(DBN)

Illinois Financial Crisis Looks Ever More Dire
(DBN)

How San Bernardino, fresh out of bankruptcy, plans to spend its money San Bernardino: Out of bankruptcy but not out of the woods With Ch. 9 wrapped up, San Bernardino paying creditors, moving forward
(DBN)

No Buyers for Chicago School Bonds Causes Rates to Hit 9 Percent
(DBN)

The Flint crisis: How high does this go?
(DBN)

______________

Oil/Gas:

Weds.: Crude futures slide deeper into bear market, eyeing $43 a barrel Oil falls as bulls discount OPEC cuts, set for worst first-half since 1997
(DBN)

Trader who correctly called the last oil collapse sees crude falling to here next
(DBN)

Tues.: Oil prices fall to new 2017 lows Oil prices enter bear market as supply glut fears return Oil Prices’ Decline Deepens as a Seemingly Ungovernable Country’s Output Rises Is $40 Oil On The Horizon? As oil prices slide, can we still call this a recovery? U.S. refineries pump record levels as demand drops and stockpiles rise Outlook For Oil Looks Bleak, Prices Hit 7-Month Low Plunging oil prices 'could go even lower for even longer' Collapsing oil prices could fall into the $30s before the selling stops Oil Prices Lower, Down Year-over-year
(DBN)

Another Bad Sign for OPEC and the Oil Bulls
(DBN)

Oil's drop back into a bear market could slow down US drilling Falling prices, equipment and labor constraints could slow U.S. drilling surge
(DBN)

Time for Shale's Loners to Settle Down
(DBN)

Young people don't want to work for oil companies
(DBN)

Shale patch deals slow as oil price lingers below $45
(DBN)

Saudis Overtake U.S. In Recoverable Oil Resources Saudi Arabia relieves crown prince, replaces him with 31-year-old Mohammad Bin Salman Power struggle may arise in Saudi Arabia after new crown prince named Why Is Saudi Arabia Desperate For Higher Oil Prices?
(DBN)

The Stone Energy Bankruptcy: Lessons for the JOA
(DBN)

Value Investing In The Oil Patch: A Loser's Game
(DBN)

This Oil Sands Deal Soured in Less Than 3 Months
(DBN)

Willkie Advises Steering Committee of High Yield Bond Holders on CGG’s Debt Restructuring
(DBN)

Exxon among group backing carbon tax
(DBN)

______________

Politics:

Trump’s approval among Republicans dives by 11 points amid Russia probe bungling Trump Voters Don’t Think the Russia Probe Is a ‘Witch Hunt’ Why President Trump Won’t Be Indicted For Obstruction of Justice Russia Probe Now Looking Into Flynn Business Partner, Report Says Intelligence officials reportedly knew Flynn could be vulnerable to blackmail — but still shared sensitive information with him Former Homeland Security head issues fiery statement on the Trump-Russia investigation Trump, Russia, and Those Shadowy Sater Deals at Bayrock
(DBN)

Krugman: Zombies, Vampires and Republicans
(DBN)

Trump's Debt A Conflict Of Interest, Ethics Experts Say
(DBN)

‘Sean got fatter’: Steve Bannon insults Spicer to explain why press secretary does briefings off camera
(DBN)

Supreme Court to Take on Partisan Gerrymandering
(DBN)

Factbox: Time slipping by for Trump, Republicans on domestic goals
(DBN)

Public Critical of Both Parties, but Democrats Lead on Care for Middle Class
(DBN)

Republican Karen Handel wins Georgia's high-stakes special election GOP's Karen Handel wins most expensive House race ever, dashing Democrat upset hopes Democrats' loss in Georgia should be a big wake-up call Trump celebrates Karen Handel's Georgia victory by thanking Fox News for praising him Georgia: Reality Check Time for Democrats
(DBN)

______________

Golf:

He Brought the U.S. Open to a Cow Pasture. All It Cost Was His Fortune
(DBN)

______________

Religion:

Court hears objections to Reorganization plans
(DBN)

______________

Banking:

Bank Insolvency Law Now that It Matters Again
(DBN)

The Case of Wells Fargo's Board Vs. Elizabeth Warren
(DBN)

______________

Autos:

Fraud claims trimmed in GM ignition switch bellwether trial
(DBN)

Airbag maker Takata dives 25pc on bankruptcy fears
(DBN)

______________

Food/Beverage:

Chipotle’s stock suffers biggest loss of the year after sales warning After Chipotle’s warning, is it time for bulls to throw in the towel?
(DBN)

______________

 


New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (12 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (13 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 bankruptcy filings rise 5 percent
(DBN)

Obamacare credited with reducing bankruptcy rates Personal bankruptcy filings are down 50-percent over the past six years. Some of that decline is due to the Affordable Care Act
(DBN)

______________

Litigation:

Roundtable: Bankruptcy litigation
(DBN)

______________

Bankruptcy Rules:

BK MD FL Adopts New Local Rules
(DBN)

______________

Cross-Border:

Reconciling “Additional Assistance” with “Appropriate Relief” in Ch. 15
(DBN)

______________

SCOTUS:

Justices Ask For Views Of Solicitor General In Discharge Case Seeking Cert
(DBN)

______________

Dismissal:

Court Denies Creditor’s Motion to Dismiss Chapter 11 Case Despite Multiple Factors in Favor of Dismissal
(DBN)

______________

Litigation:

Holy Early Discovery, Batman! You’ll Want To Know About This
(DBN)

______________

Structured Dismissal:

Lower Courts Interpret U.S. Supreme Court's Jevic Decision
(DBN)

______________

Personal Finance:

A top Wall Street analyst explains why you should put just as much work into a LinkedIn message as an interview
(DBN)

______________

Pets:

Pet leasing co. filed for bankruptcy over $11.3M loan default
(DBN)

______________

Taxis:

Travis Kalanick resigns as Uber CEO Uber: Scandals, Blunders & PR Disasters
(DBN)

______________

Distressed Investing:

Tilton loses Zohar doc fight in Delaware high court appeal
(DBN)

______________

Resorts:

Bankrupt Melrose Resort on Daufuskie Island could go to highest bidder
(DBN)

______________

Bankruptcy Software:

Title XI is Ending Administrative Bank Service Fees on Bankruptcy Asset Cases
(DBN)

______________

Corporate Reform:

Dodd-Frank's "Abusive" Standard: The Dog that Didn't Bark
(DBN)

______________

Banking:

Though the Failed Bank Crisis is Over, Bank Failures Are Still Happening
(DBN)

______________

Steel:

How Just 14 People Make 500,000 Tons of Steel a Year in Austria
(DBN)

______________

Mass Torts:

U.S. Supreme Court ruling threatens massive talc litigation against J&J
(DBN)

______________

Credit Reporting:

Starting July 1, some black marks will vanish from credit reports
(DBN)

Jury hits TransUnion with record $60 million FCRA verdict
(DBN)

______________

UK:

Lord Neuberger lectures on cross-border insolvency disputes
(DBN)

The enforcement of pre-existing security over assets that become subject to a freezing order
(DBN)

Unsecured personal debt is outweighing Brits income
(DBN)

Why we can expect an increase in pre-pack deals within the retail industry
(DBN)

Crisis-era fraud charges haunt Barclays as rivals move on
(DBN)

Hewden sell-off raises £120m but trade creditors get pennies
(DBN)

______________

PIIGS:

ie: High Court Considers Veto of Secured Lenders in Personal Insolvency Applications
(DBN)

The Eurogroup on Greece: Debt Relief with a Fiscal Straitjacket
(DBN)

EU Says Greece Needs More Debt Relief Despite Buffer
(DBN)

HSBC casts doubt on Greece's ability to dodge fourth bailout
(DBN)

Europe's Unserious Plan for Greece
(DBN)

______________

India:

Bankruptcy law: Banks agree to initiate corporate insolvency proceeding on Monnet Ispat Monnet Ispat rises 16.94% as insolvency process begins
(DBN)

NCLT flags rush for insolvency suits
(DBN)

Lanco Infra hits new low as insolvency proceedings get going
(DBN)

Sebi to ease norms to expedite insolvency process
(DBN)

The new Insolvency and Bankruptcy Code will make it impossible for Indian banks to lend with compassion
(DBN)

Retail investors stare at capital losses in 'Big 12'
(DBN)

What is the solution for India’s Rs10,00,000,000,0000 bad loan problem?
(DBN)

______________

Australia:

Britain's Liberty House submits revised bid for Australia's Arrium
(DBN)

______________

Azerbaijan:

Azerbaijan bank restructuring back on track
(DBN)

______________

MENA:

Fishman's creditors agree on bankruptcy proceedings
(DBN)

'We are mystified': US State Department questions Saudi Arabia and UAE over Qatar boycott
(DBN)

______________

Nigeria:

Etisalat Nigeria loan restructuring talks fail as lenders step in
(DBN)

______________

Offshore:

$1.5 trillion is being stashed in the British Virgin Islands — twice as much as previously thought
(DBN)

______________


The Daily Bankruptcy News is primarily a curated news link gathering service.   Most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subscription fee is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use. If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid service subscription. These links are currently marked with a "DBN" notation. The cost of a subscription is $64/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links.

New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase.

Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested. There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear. You do not need to type anything in the body of the email message. Note that the email asking for removal must be sent from the same email address which is on our distribution list. If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

If receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list.

Press Releases/News Tips
Please send press releases and news tips to admin@bkinformation.com

Contact Us
The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C. You can phone or text us at 281-402-3957. You can email us at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries). Our mailing address is 935 Eldridge Road, No. 350, Sugar Land, Texas 77478.

Copyright 2017