June 29, 2017

The Daily Bankruptcy News

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Law:

Steptoe accused of pay bias in class action by female contract lawyer promoted to associate Steptoe Becomes Latest Firm to Face Gender Pay Gap Suit

DLA Piper works with FBI as it grapples with malware attack, says client data appears unaffected DLA Piper’s Cyber Attack and Why It Matters Ransomware Attack on DLA Piper Puts Law Firms, Clients on Red Alert
(DBN)

Your Law Firm Got Hacked. What Do You Do Now?
(DBN)

Automation to Squeeze the ‘Muddy Middle’ of Big Law
(DBN)

Which 5 Cities Have the Most Lawyers?
(DBN)

Phila. Associates Break Barrier on Salaries, Report Finds
(DBN)

Robins Kaplan Increases Diverse Hires With Rooney Rule
(DBN)

New Kirkland Program Gets Lawyers Thinking About Career Goals, Going In-House
(DBN)

Former Dentons associate accused in extortion plot involving threat to leak documents to legal blog
(DBN)

Should Avvo’s Legal Services Be Considered An Ethical Form Of Fee Splitting?
(DBN)

Suit claims Duane Morris blew estimate of expected case costs, highlighting projection difficulties
(DBN)

Big Law's Pro Bono Hours Tick Upward When Pro Bono Leads to Conflicts
(DBN)

Marketing By The Numbers, Part 2
(DBN)

Presenting the Summer Associate Morale-Booster Kit
(DBN)

Ex-lawyer Prins admits to defrauding clients
(DBN)

3 phrases that'll calm down an angry boss after you make a big mistake
(DBN)

Trump Lawyers' Empty Comey Threats Marc Kasowitz Delays Groundless Motion He Probably Made Up For Cheap Headlines
(DBN)

Travel ban 2.0 set to begin Thursday Trump's travel ban is set to begin, but Supreme Court decision in the case raises new questions 'What the heck is this thing': Sally Yates describes how she found out about Trump's travel ban US Issues New Visa Criteria for Muslim Ban
(DBN)

Sessions is Dismantling Obama's Legal Legacy
(DBN)

Why one man keeps ramming his car into Ten Commandments statues on government property
(DBN)

A teenager allegedly shot her boyfriend who was trying to catch a bullet with an encyclopedia for YouTube
(DBN)

FBI agent charged with lying about his role in Oregon standoff activist's killing
(DBN)

When cops kill, paying their victims' families can be a cold, calculating process
(DBN)

Project Veritas ' Secretly Recorded Videos 'Exposing' CNN Could Be Illegal
(DBN)

Do Not Use Craigslist To Have A Baby
(DBN)

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Judges:

BK CD IL: Bankruptcy Bits & Pieces Newsletter
(DBN)

These were the 10 funniest moments of the SCOTUS term
(DBN)

Who was the most talkative justice of the SCOTUS term
(DBN)

Will Justice Ruth Bader Ginsburg Recuse Herself In The Travel Ban Case?
(DBN)

Justice Gorsuch: What We Know and What We Should Expect Gorsuch is the new Scalia, just as Trump promised
(DBN)

Trump's judicial nominee from Louisville ducks questions about his controversial blog posts
(DBN)

Stunning drop in federal plaintiffs’ win rate is complete mystery – new study
(DBN)

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Wall Street:

S&P 500 posts biggest one-day gain in 2 months as financial shares rally
(DBN)

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Layoffs:

Ignite warns of 87 possible layoffs
(DBN)

Robots are preparing to fill 200,000 vacant construction jobs
(DBN)

Summa Health to eliminate 300 positions
(DBN)

Memorial Hermann lays off 350 more employees
(DBN)

Advance Auto Parts cuts 475 jobs as sales waver
(DBN)

Akron school board votes to cut 93
(DBN)

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Politics:

Condoleezza Rice: Trump stands for American values and seeks to act in the best interests of the US The U.S. Will Pay a Price for Trump's Global Unpopularity
(DBN)

Trump reportedly seemed 'confused' about GOP health-care bill's tax provisions Trump’s health care promises are coming back to haunt him 'Trump doesn't bring us any votes': Trump 'on the sidelines' on healthcare Only 17% of Americans approve of Senate GOP health-care bill, poll says Here's the one thing the GOP needs to do to save its health-care bill Sen. Elizabeth Warren: Why CEOs Should Fight The Senate's Healthcare Bill Warren Buffett calculates he’d save $679,999 under Senate Republicans’ health bill In McConnell's Home State, Fear and Confusion Over Health Care Bill Here are the 4 reasons McConnell couldn't get the Senate to replace Obamacare — yet Approaching the Third Rail: Mitch McConnell and Republicans targeting health care are about to get zapped McConnell's Health Care Bill Leads to Big Protest Outside His Ft. Wright Office What the Republican Health-Care Holdouts Want GOP senator: Tinkering won't fix health bill As Affordable Care Act Repeal Teeters, Prospects for Bipartisanship Build Red State Governors Worried About Medicaid When GOP Senators go home, they face a health care buzz saw GOP health plan losing support among Trump voters
(DBN)

Why Democrats are moving past Obamacare and embracing universal health care
(DBN)

AP Fact Check: Warped reality in health debate
(DBN)

Awkward: Merkel Fact-Shames Trump
(DBN)

How Roy Cohn Showed Trump the Dark Side
(DBN)

Nonprofits paid millions to Trump attorney, family
(DBN)

A Housing Stipend for Congress? There's a Better Way
(DBN)

Trump rakes in $10 million at first re-election fundraiser
(DBN)

Sarah Palin sues New York Times for alleged defamation in editorial Sarah Palin Hired Gawker-Slayer Lawyers to Sue New York Times

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Banking:

From 'new golden age' to 'disturbing,' why analyst Dick Bove says don't buy bank stocks now
(DBN)

All banks pass Fed's stress test, but Capital One gets a do-over
(DBN)

Fed has gone easy on big banks since I left, says former stress tester
(DBN)

With Bank of America's dividend hike, Warren Buffett gets his chance at a $11 billion windfall
(DBN)

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Lehman:

CalPERS just lost a lawsuit at the U.S. Supreme Court. That decision will cost retirees
(DBN)

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Celebs:

Tim Duncan confronts ex-financial adviser
(DBN)

Away from the NFL spotlight, financial ruin drove Clinton Portis to the brink of murder
(DBN)

Vince Young's journey north to rewrite the ending of his football career
(DBN)

Gawker Estate Cleared to Subpoena Peter Thiel
(DBN)

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Advisors:

Mackinac Adds Restructuring Expert, Promotes Business Intel Exec
(DBN)

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Fraud:

Potential jurors express "total disdain" for Martin Shkreli 'Is he stupid or crazy?' More potential jurors bounced from Martin Shkreli trial Martin Shkreli is an ‘odd duck,’ but that’s no crime, attorney says Shkreli's lawyer gives explosive argument defending 'Pharma Bro'; prosecutors say he's a con man Shkreli Described by Prosecutors as Spinning ‘Lies Upon Lies’
(DBN)

22-year sentence for PureChoice founder in fraud scheme
(DBN)

NY Supreme Court justice dismisses fraud lawsuit against Steve Mnuchin
(DBN)

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Personal Finance:

5 inspiring stories of people paying off student loans while winning at life
(DBN)

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Toll Roads:

Operator of Texas toll road with 85 mph speed limit emerges from bankruptcy Struggling toll road firm finds new investors, management Same tolls, new operators for southern stretch of Texas 130 tollway
(DBN)

Fifth Circuit Court of Appeals Shows Its Love For Tolling
(DBN)

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Bankruptcy Crimes:

Bankruptcy fraud suspect taken into custody
(DBN)

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Economy:

Global Debt Hits Record High of 327% of Worldwide GDP
(DBN)

Consumer confidence gains in June, topping estimates
(DBN)

Access to credit stays tight as FICO scores drop
(DBN)

The richest US families own a startling proportion of America's wealth

This is the hidden driver of low inflation, according to BlackRock's Rick Rieder
(DBN)

Trump attacks half dozen companies in half a day
(DBN)

Yellen has no comment on relationship with Trump, but meets with Mnuchin regularly
(DBN)

The Fed is in a deep hole of its own making
(DBN)

GDP number could matter big-time for stocks and bonds
(DBN)

'What's the rush' on interest rate hikes, asks Fed's Kashkari
(DBN)

Magical Thinking about Minimum Wages
(DBN)

Trump takes another swipe at Amazon, saying Bezos isn't 'paying internet taxes' Amazon does collect sales taxes despite Trump's tweet How to Understand Donald Trump’s #AmazonWashingtonPost Tweet in 3 Easy Steps
(DBN)

IMF calls for tax reform, fewer regs, infrastructure spending to boost US growth — just like Trump
(DBN)

Goldman gets more optimistic about economy, but still sees rocky end to 2017
(DBN)

Trump official celebrates a new Samsung factory that was planned before the election
(DBN)

Helping Small Businesses Handle Insolvency: World Bank Group Report Insolvency Treatment
(DBN)

'Hammer, hammer, hammer': Canada's trade minister is trying to save NAFTA
(DBN)

Just Three Years to Save Planet from Climate Change GE CEO Criticizes Trump Over Paris Accords
(DBN)

Tax Software Blamed for World Cyber Attack
(DBN)

More Americans Say Immigrants Help Rather Than Hurt Economy
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

US home prices grow just 5.5 percent in April, missing analysts' expectations
(DBN)

Pending home sales tumble as supply crisis worsens NAR: Pending Home Sales Index decreased 0.8% in May, down 1.7% year-over-year
(DBN)

Zillow Forecast: "May Case-Shiller Forecast: Expect the Cooldown to Continue"
(DBN)

Wells Fargo Accused Of Adding Years To Modified Mortgages Without Telling Borrowers
(DBN)

Reis: Mall Vacancy Rate increased in Q2 2017
(DBN)

U.S. housing stocks may rally as millennials age
(DBN)

____________

Municipalities:

Board rejects Puerto Rico budget because of overspending
(DBN)

Puerto Rico’s federal supervisors veto $9 billion utility debt
(DBN)

Puerto Rico Electric Bonds Fall as Restructuring Pact Dashed
(DBN)

Assured Guaranty Responds to Failure of Puerto Rico Oversight Board to Comply with PROMESA on PREPA’s RSA
(DBN)

Puerto Rico mediator sets meeting with stakeholders
(DBN)

Puerto Rico judge nixes negotiation plan in debt battle
(DBN)

Puerto Rico governor evaluates options after fiscal board warns of Prepa bankruptcy
(DBN)

Puerto Rico: Now Prepa Looks Set for Title III Bankruptcy
(DBN)

Date set for first mediation session of Puerto Rico Title III cases
(DBN)

SEC Probes Barclays, Morgan Stanley Bankers on Puerto Rico Bonds Banks probed on Puerto Rico bonds
(DBN)

Pataki Says Trump Should Consider Replacing Puerto Rico Board
(DBN)

Running on empty: How Detroit's bankruptcy judges see Illinois
(DBN)

Illinois Taxpayers Will Pay Billions For Political Dysfunction Illinois Is in Deep Trouble: What Investors Need to Know Illinois Is in a $6 Billion Budget Hole and Flirting With Junk
(DBN)

DEQ's Flint lawsuit dripping with irony
(DBN)

High-tax Connecticut facing new budget mess
(DBN)

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Oil/Gas:

Oil rises for sixth session, buoyed by U.S. output decline
(DBN)

Oil prices rise as data shows drop in US gas stockpiles Crude stockpiles increase slightly; oil rises Oil's short-lived gain snapped by supply gains
(DBN)

Cheapest fuel since 2005 brings U.S. drivers `Christmas in July'
(DBN)

$30 oil could spark contagion in energy markets
(DBN)

Despite weak oil prices, OPEC still pockets more dollars
(DBN)

Energy stocks are about to post a historic losing streak
(DBN)

U.S. charges Penn West Petroleum, ex-executives with accounting fraud
(DBN)

Dennis Gartman: ‘There's a real problem’ in oil market, bounce won’t last
(DBN)

The Short Life of the Oil Short Squeeze
(DBN)

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Healthcare:

Bankrupt N. Philly Health System has $10M bid for Girard Medical Center
(DBN)

Nursing-Home Leader Warns Senate Bill Is 'Biggest Threat' to Industry in 20 Years
(DBN)

7th Circuit: Nightingale must defend Medicare restitution claims
(DBN)

Affordable Care Act repeal bill could hurt hospitals' bottom lines: Cleveland Clinic CEO
(DBN)

The risk from Obamacare repeal no one is talking about: jobs
(DBN)

What Health Care Means in Clay County What Health Care Means in Clay County
(DBN)

Forget Obamacare, here's the real health-care crisis in America
(DBN)

Warren Buffett calls the Republican healthcare bill the 'Relief for the Rich Act' and shows how it would slash his taxes by more than $600,000 Buffett on TrumpCare: Relief for the Rich The rich get a $250,000 tax cut under the GOP's health-reform bill Key Republicans Want to Scrap Health Bill's Tax Cuts for Wealthy Americans just weighed in on the Senate GOP health-care bill—it's not good Senate bill to repeal Obamacare won't reduce the cost of health insurance Senate's Health Bill's Pain Doesn't End at Medicaid How Trump is a little bit right and a lot bit wrong about Medicaid Damning Excerpts from Health Care Stories The GOP Health Care Plan Would Hit Rural Areas Particularly Hard
(DBN)

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Food/Beverage:

Soupman Company's Bankruptcy Case Heats Up
(DBN)

Auction for 19 Strack & Van Til stores postponed
(DBN)

Latest Restaurant Performance Index
(DBN)

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Hollywood:

Court Frees Steven Mnuchin From Relativity Media-Related Fraud Case Judge Dismisses Steven Mnuchin From Relativity Lender’s Fraud Suit
(DBN)

______________

Tax:

California governor signs bill gutting state's tax board
(DBN)

______________

Corporate Reform:

House spending bill takes aim at CFPB
(DBN)

______________

Coal:

Coal's Hot Summer
(DBN)

______________

Religion:

Cardinal Pell to be Tried for Abuse Top Vatican official charged with abuse of children Vatican cardinal denounces assault charges against him
(DBN)

______________

Travel:

26 things we always pack when we travel
(DBN)

No Laptop Ban, But Security Will be Awful
(DBN)

______________

Baseball:

Minor league players lose federal antitrust appeal over low wages
(DBN)

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New Bankruptcy Opinions
(11 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (19 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (6 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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Ch. 13:

Chapter 13 Residential Mortgages: Anti-Modification Round 2
(DBN)

Since Creditor was Bound by Terms of Confirmed Chapter 13 Plan, Court Denied its Post-Confirmation Motion for Administrative Expense Claim
(DBN)

______________

TBTF:

For first time since financial crisis, Fed clears all big banks' capital return plans
(DBN)

Citi doubles dividend, bank shares jump after industry passes Fed stress tests
(DBN)

______________

Avoidance Actions:

Deepening the Divide on Whether Avoidance Provisions Apply to Foreign Transfers
(DBN)

Connecticut Lawmakers Pass Law to Deter Tuition Lawsuits
(DBN)

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Bankruptcy Rules:

Pending Changes to Federal Bankruptcy Rules Could Negatively Impact Residential Mortgage Lenders
(DBN)

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Cross-Border:

Azerbaijani Bank Wins U.S. Bankruptcy Court Recognition
(DBN)

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Litigation:

The Best And Worst States For Litigation Finance
(DBN)

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Jurisdiction:

Subject Matter Jurisdiction and Abstention in Legal Malpractice actions brought by a Bankruptcy Debtor – Part 3
(DBN)

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Mediation:

Appeals of Bankruptcy (and Other Business) Disputes Take Too Long — Mediation and Other Remedies
(DBN)

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Sanctions:

Inexperience As Mitigation In Reciprocal Discipline For Bankruptcy Sanctions
(DBN)

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Retailing:

Bankruptcy Court Approves Stalking Horse Bid for BCBG Max Azria
(DBN)

As Retailers Falter, Manufacturers and Suppliers Need to Plan Ahead
(DBN)

Staples close to $6.5 billion sale to Sycamore This Staples Buyout Is Cheap
(DBN)

Payless, creditors reach settlement on significant issues in bankruptcy plan
(DBN)

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Biotech:

BioNitrogen Announces Results of Chapter 11 Process, The Shutdown of All Corporate Activity and the Resignation of Chairman and CEO
(DBN)

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Media:

Bankruptcy Judge Opens Door For Gawker To Get Discovery From Billionaire Peter Thiel Gawker Bankruptcy Judge Allows Probe of Peter Thiel, Lawyer
(DBN)

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Nuclear:

$20-billion nuclear plant deal with bankrupt Westinghouse to be reworked
(DBN)

Court Revives CB&I Bid to Dismiss Westinghouse $2 Billion Claim
(DBN)

Vogtle critics want regulator to study bankruptcy's effects on project
(DBN)

Georgia Power, Southern Nuclear prepared to assume Vogtle project management by late July
(DBN)

White House leaves option of Westinghouse aid open
(DBN)

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Autos:

FSNA Files for Bankruptcy to Protect U-Save Brand
(DBN)

After bankruptcy , Takata shareholders demand answers
(DBN)

How a Billionaire Family Fell From Grace After the Takata Airbag Scandal
(DBN)

Takata Bankruptcy Effects to Extend Far
(DBN)

Debtor Could Not Cram Down Auto Lender’s Claim by the Amount Equal to the Negative Equity, GAP Insurance and Service Contract that she Financed
(DBN)

______________

Student Debt:

Secretary of Education Announces Intent to Appoint New COO of Federal Student Aid
(DBN)

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Maritime:

Daewoo Shipbuilding to sell 1.3 tln won bonds convertible into stocks
(DBN)

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Electricity:

NextEra again challenges PUC's rejection of Oncor Acquisition
(DBN)

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UK:

A watchdog says Philip Green sold BHS for £1 to dodge liability for its huge pension fund
(DBN)

Brits borrowed £300 million more than expected last month — and it could be a cause for concern
(DBN)

Brexit could blow a €20 billion black hole in the EU's budget
(DBN)

______________

EU:

Behind the Potemkin Village of EU Bank Regulation
(DBN)

US proposals to dismantle financial regulations are "worrying," ECB official says
(DBN)

______________

PIIGS:

Italy Handed Bank Bondholders a Bailout and a Bunch of Questions
(DBN)

Italy's politicians attack government decision to rescue banks
(DBN)

The IMF’s New Role in Greece Proves Its Value for Europe and the United States
(DBN)

Greece on target to return to markets, creditors say Greece Gets Investor Thumbs Up on Possible Return to Bond Market
(DBN)

______________

Venezuela:

Amid Venezuela's chaos, protesters ask: Was helicopter 'attack' rebellion or ruse? Venezuelan President Says Supreme Court Attacked
(DBN)

______________

India:

No trading restriction on stocks going under bankruptcy , says Sebi
(DBN)

Bankruptcy route: Lenders find path ridden with thorns
(DBN)

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Australia:

Legal update on insolvency law - June 2017
(DBN)

Update on Liquidator remuneration post-Sakr – What to include in a successful application for remuneration approval
(DBN)

______________

China:

At annual meeting of global leaders, bullishness on China's economy abounds
(DBN)

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