June 5, 2017

The Daily Bankruptcy News

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Law:

Median pay for new associates doesn’t budge from 2015 Median Starting Salary For Associates Remains Flat, Despite Move To $180K
(DBN)

Newly Minted Lawyers Can Find Sweet Spots in U.S. Labor Market
(DBN)

Legal industry adds 2,000 jobs in May
(DBN)

US Chamber Pushes Rule to Expose Litigation Funding
(DBN)

Are New York Law Firms Organized as LLCs Violating the Law?
(DBN)

With Russia Probe, Trump Legal Fighter Takes On Battle in Unfamiliar Arena
(DBN)

A ‘To-Do List’ For Law Firm Partners Considering A Lateral Move In 2017
(DBN)

Wachtell Lipton Partner George Conway Withdraws From Justice Department Consideration
(DBN)

Otterbourg Adds Finance, Bankruptcy Pros
(DBN)

Harvard Law names John Manning as its new dean
(DBN)

When Not Even Paul Clement Can Save Your ($10 Billion) Case
(DBN)

9 Months In, The Pebbles Of GCs’ Diversity Efforts May Be Causing Thousands Of Ripples Throughout The Legal Profession
(DBN)

Swimming Lessons For Baby Sharks, Practical Advice For New Lawyers
(DBN)

How To Shine At Your Law Firm
(DBN)

The Real Reasons for Big Law's Mental Health Problem
(DBN)

Don't Count on Millenials to Bring About Gender Equality
(DBN)

Womble Deal With UK's Bond Dickinson Creates Mega-Middle-Market Firm
(DBN)

Future Biglaw Associate Gives Birth On Law School Graduation Day
(DBN)

Law Firm Basics: What To Consider When Pricing Your Legal Services
(DBN)

Former Penn State president is sentenced to jail in Sandusky scandal
(DBN)

Law prof files bias complaint over theater’s women-only screenings of ‘Wonder Woman’
(DBN)

Self-Promotion Is Not A Sin Anymore
(DBN)

Everything Wrong With The 2017 Law School Rankings
(DBN)

Sexual Harassment Makes For Some Mighty Strange Cases
(DBN)

Trump administration asks justices to weigh in on travel ban Trump Doubles Down: I'm Calling It What It Is 'a Travel Ban' GOP Questions Trump's New Travel Ban Push
(DBN)

US border officials can now ask visa applicants for their social media history
(DBN)

Thief Stole Backpack and Wedding Ring From Dying Portland Hero After Terrorist Attack
(DBN)

Aaron Hernandez case sparks bill to keep crime convictions intact

Georgetown: 12 Year Old Black Girl Called Ape and Slave by Fellow Students
(DBN)

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Judges:

Texas Judge Says You Can Do It Right or Just Wing It
(DBN)

Judge who made ‘reckless’ Facebook allegation about prosecutor is admonished
(DBN)

Montana Supreme Court justice coins rhyming legal caveat for drug dealers
(DBN)

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Wall Street:

U.S. Stock Futures Tumble After London Terrorist Attack
(DBN)

Stocks close at all-time highs as Street shrugs off jobs report
(DBN)

Stock market bracing for potentially the most explosive stretch of trading this year
(DBN)

An industry icon explains how Enron’s fall sparked the ETF explosion
(DBN)

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Layoffs:

I Got It Wrong on Oil Jobs and That's a Good Thing
(DBN)

NY: Flood of Manager Layoffs Announced at City-Run Hospital System
(DBN)

VA: Layoffs continue as BAE Systems lets go of another 130 workers
(DBN)

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Retailing:

Kirkland Hits on '21' For Latest Bankruptcy Batch
(DBN)

Troubled children's clothing retailer Gymboree misses June 1 interest payment
(DBN)

Payless May Have to Close Another 400 Stores to Successfully Emerge From Bankruptcy
(DBN)

Retail Wreck? Over 1,000 Stores Close in a Single Week
(DBN)

More than 5,000 stores are shutting down — here's the full list
(DBN)

Dire predictions for retail stoked by another bad week full of store closures and a looming bankruptcy
(DBN)

Sears retirees fear demise of store they loved
(DBN)

Marquee Brands-led group in bid for bankrupt BCBG -sources
(DBN)

Is Providence Place at Risk? Thousands of Retail Stores Close Across U.S.
(DBN)

RadioShack, closing 1,000 stores, leaves only these 70
(DBN)

Walmart's Big New Problem Isn't Amazon
(DBN)

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Food/Beverage:

Possible Marsh buyer could be known soon
(DBN)

Landlord's Marsh bet leaves trail of foreclosures
(DBN)

Millennials are killing chains like Buffalo Wild Wings and Applebee's
(DBN)

These are the buyers that could be interested in Ignite Restaurant Group, report says
(DBN)

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Nuclear:

Millions collected from schools and taxpayers for Vogtle construction Plant Vogtle deadline arrives with no deal
(DBN)

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Video Games:

State police release documents in 38 Studios investigation
(DBN)

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Healthcare:

Nursing home CEO wants $100M payout amid bankruptcy threat
(DBN)

Insurance companies have made it crystal clear how Trump could send Americans' healthcare costs soaring
(DBN)

Obama Gave Trump the Weapon to Kill ACA
(DBN)

Medicine Moving Over to the 1%
(DBN)

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Autos:

Subprime auto numbers don't look good — but there's more to the story
(DBN)

Toyota Dumped All Their Shares in Tesla
(DBN)

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Derivatives:

Bear Stearns Beats Lawsuit in Del. Bankruptcy Court
(DBN)

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Taxis:

Uber Admits to Manipulating Fares, Prices
(DBN)

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Corporate Reform:

CFPB: Here's where older consumers have the most financial complaints
(DBN)

Financial CHOICE Act Expected on House Floor for Vote in Early June
(DBN)

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Debt Collection:

Congress Gets Earful From Watchdogs On IRS Private Debt Collection Program
(DBN)

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Aviation:

Trump is about to lay out his vision for overhauling the US' air traffic control system
(DBN)

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Economy:

Can You Believe the Jobs Numbers? Jobs report: What it means for you
(DBN)

Annual Number of Unemployed for Over 26 Weeks, Since 1969
(DBN)

The American Dream: The Top 20% Pull Away from the Rest
(DBN)

Pence Backs Up Trump's Economic Efforts During Visit to Iowa
(DBN)

Fed Officials Sharpen Concerns Over Trump’s Immigration Policy
(DBN)

John Mauldin: The next recession may be a complete reset of all asset valuations
(DBN)

Trump's Economy: Tired of Losing Yet?
(DBN)

Ian Bremmer: NAFTA is a deal that a lot of Americans have not benefited from
(DBN)

Trump to shift focus to infrastructure, but who will pay for plan? Trump Plan: Cities, States, Biz Need to Pony Up Trump Plan: Fed Money for Rural Projects
(DBN)

What's Holding Back Private Road Investment?
(DBN)

Hard Times Come to Much of Rural America
(DBN)

Military: Climate Change a Unique Threat Hunt for Trump's Climate Views Like `Chasing Rabbit,' Perry Says Haley: Trump Thinks Climate is Changing Cities, States Vow to Honor Paris Accord 'Aren't you focusing on the wrong thing?': Anchors grill EPA administrator over leaving Paris agreement
(DBN)

Mulvaney Slammed for CBO Criticism Mulvaney Apologizes to CBO Analyst
(DBN)

The Great Betrayal of Middle America
(DBN)

White House to Detail Tax Reform in Sept.
(DBN)

Universal Basic Income Is Neither Universal Nor Basic
(DBN)

If Corporations Are People, They Can Be Jerks
(DBN)

Fiscal GOP Hawks Push Austerity from Palace
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Special Report Reveals Outcomes in Single Asset Real Estate Chapter 11 Cases
(DBN)

Sacramento development files for bankruptcy
(DBN)

Rents are deflating in the hottest cities while soaring in the cheapest ones
(DBN)

RMBS trustees accept $2.4 billion toxic mortgage settlement from Lehman Brothers
(DBN)

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Municipalities:

Assured Guaranty Files Adversary Complaint Challenging the Commonwealth of Puerto Rico’s Illegal Diversion of Special Revenue Bond Collateral
(DBN)

Summit planned as Puerto Rican activists in Connecticut form new group
(DBN)

Puerto Rico sales tax creditors want to depose officials over 'conflicts'
(DBN)

Study: Illinois' public pensions are worse off than state claims As Illinois' economy heads south, so does a view of its possible future
(DBN)

Pennsylvania Legislature starts to move big pension 'reform' bill
(DBN)

Why companies are fleeing one of America's richest states Connecticut's Tax Comeuppance
(DBN)

Hanna-Attisha says state emergency managers cost Flint its democracy
(DBN)

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Oil/Gas:

Big oil, small U.S. towns see new reward in old production technique
(DBN)

Oil jobs rebound as U.S. drilling fleet grows for 5 straight months
(DBN)

Oil prices head for big weekly loss as glut lingers
(DBN)

Rooster Energy Ltd. Announces Filing Voluntary Chapter 11 Reorganization Proceedings and CCAA Filings
(DBN)

Oil prices rise after Saudi Arabia, other Middle East nations cut ties with Qatar
(DBN)

Azure Midstream Partners, LP Announces Effectiveness of Plan of Liquidation
(DBN)

NY AG says Exxon may have lied to investors about Climate Change:
(DBN)

OPEC's Influence On Oil Prices Waning
(DBN)

Watch out OPEC, U.S. could break oil production record of 1970
(DBN)

Junior oil and gas companies not expected to recover any time soon
(DBN)

The Biggest News in Electricity Since the Light Bulb
(DBN)

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Concerts:

As Canada’s Pemberton event folds, is era of indie festivals reaching an end?
(DBN)

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Politics:

The Problem With Jared Kushner 'You can either commit treason, or you leak to the press': The intelligence community is at war over Trump-Russia leaks Trump plans to pivot to jobs and infrastructure amid the Russia controversy Is The White House Gearing Up For A Privilege Fight Over Comey Testimony? Kellyanne Conway Says Trump Has Not Decided Whether To Invoke Executive Privilege Can Executive Privilege Block Comey? House Democrats fire a warning shot after the White House suggested it may try to block James Comey's testimony Top Democrat says there’s smoke, but ‘no smoking gun’ yet in Russia probe 'Do you even understand what you're asking?': Putin and Megyn Kelly get into heated exchange over Trump-Russia ties
(DBN)

Trump responds to UK terror attacks by bashing political correctness, gun control, and London's mayor Why Trump Criticized a London Under Attack What Trump Doesn't Understand About Gun Control in Great Britain Trump Fact Check: "At least 7 dead and 48 wounded in terror attack and Mayor of London says there is ‘no reason to be alarmed!’ " Trump Filed for Extension on 2016 Tax Returns, NBC Reports Donald Trump's Conflicts of Interest: A Crib Sheet The Panic President FactCheck: Trump, US is Cleanest Nation US Embassy in UK Contradicts Trump Tweets Trump Support Dropping in Military Groups Trump's Approval Ratings Drop
(DBN)

Democrats to Hillary: Shut Up Already
(DBN)

Susan Rice: Putin is Lying
(DBN)

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Surfing:

Surf contest pulled from auction: Cartel postpones Mavericks sale, remains in bankruptcy
(DBN)

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Fraud:

Madoff Investor Loses Affirmative Defense to Trustee's Clawback Bid
(DBN)

eClinicalWorks to pay $155 million to settle "severe" false claims suit
(DBN)

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Autos:

Audi Widens Europe Diesel-Car Recall as Emission Woes Spread
(DBN)

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Agriculture:

Texas Farm Bureau calls legislative session a success - new ag lien law
(DBN)

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Student Debt:

The first class after graduation is loans
(DBN)

Judge in ED Collection Litigation Reacts to OpEd and News Stories; Continues Preliminary Injunction Indefinitely
(DBN)

Deja vu? Student subprime debt surges 32 percent
(DBN)

Student loan debt collections aren’t paying off
(DBN)

______________

Motorcycles:

Harley-Davidson is recalling 57,000 motorcycles
(DBN)

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Construction:

2 more ex-Birdsall execs get jail in New Jersey pay-to-play scheme
(DBN)

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Lehman:

Mortgage Trustees Accept Lehman's $2.4 Billion Bankruptcy Offer
(DBN)

New wave of Lehman litigation imminent?
(DBN)

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New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (32 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (73 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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Exemptions:

Spotlight on Alabama: New Law Extends Creditor Protections for Certain Retirement Account Assets in Alabama
(DBN)

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Appeals:

6 Tips For Appellate Advocacy (Especially If You’re Appellant’s Counsel)
(DBN)

Nice Definition of “Clear Error” from the BAP
(DBN)

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Discharge:

The Rise of Consumer Litigation Concerning Post-Discharge Debt Reporting: What it Means for CRAs and Furnishers
(DBN)

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Cross-Border:

Chapter 15: A Sword and A Shield
(DBN)

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Miscellaneous:

Recent Developments in Practice: New York, Delaware and Singapore
(DBN)

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Proofs of Claim:

Supreme Court Says No FDCPA Liability for Time-Barred Claims
(DBN)

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Finance:

Debtor-in-Possession Financing in Bankruptcy
(DBN)

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Priority:

Debtor Priority and Options in Bankruptcy : A Policy Intervention
(DBN)

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Maritime:

International Shipholding emerges from bankruptcy as part of publicly traded Florida company
(DBN)

German 'maritime royalty' dethroned as Rickmers founders German shipping giant Rickmers files for insolvency Shipping Firm Rickmers Files for Bankruptcy
(DBN)

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Coal:

Study: Switching From Coal Would Save 52,000 Lives Annually In The United States
(DBN)

U.S. coal demand falls to lowest level since ’84
(DBN)

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Travel:

This is the perfect number of days before a flight to buy your ticket
(DBN)

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Solar:

Is SunEdison An American Airlines?
(DBN)

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Personal Finance:

How to put your financial (and emotional) life together after a money catastrophe
(DBN)

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UK:

Accountant in Bankruptcy changes insolvency services contractors in Scotland
(DBN)

One in 25 UK businesses unable to repay debts if interest rates go up
(DBN)

Four times more businesses unable to pay debts
(DBN)

McKinsey to review Topshop strategy for Sir Philip Green
(DBN)

Sovereign wealth funds are shunning British investments after Brexit
(DBN)

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EU:

Morgan Stanley abandons its call for the euro to plunge below parity with the US dollar
(DBN)

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PIIGS:

Compensation at last for Britons burned by Spain's property crash
(DBN)

Bailout for Italy's Oldest Bank Tests Too-Big-to-Fail Rules
(DBN)

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Canada:

Refund offered for Pemberton Music Festival tickets bought on credit cards
(DBN)

Stelco sale nearing potential resolution as workers vote on collective agreements
(DBN)

Canada's Stelco Seeks U.S. Bankruptcy Court Protection
(DBN)

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India:

Meeting Of Committee Of Creditors – Insolvency Code: Practical Hitches And Possible Solutions Thereto
(DBN)

Vijay Mallya spotted at India-Pakistan Champions Trophy match
(DBN)

Cross-border insolvency will help creditors from other countries that have a stake in Indian cos
(DBN)

Solar Energy Boom Turns to Bust for Indian Manufacturers
(DBN)

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Brazil:

Recession May Return With a Vengeance in Scandal-Hit Brazil
(DBN)

Brazil's OGPar files for permission to exit bankruptcy
(DBN)

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Nigeria:

95% of Nigeria's LGs insolvent , says Saraki
(DBN)

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China:

Bankruptcy Fears Grow Among Top-Ranking, Promising Companies in China
(DBN)

China Caixin services PMI expands in May
(DBN)

Indebted Huishan Dairy to miss results deadline
(DBN)

Is a Chinese sovereign debt default likely?
(DBN)

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Venezuela:

How Populism Helped Wreck Venezuela
(DBN)

Concern Over US Firms Giving Venezuela Aid
(DBN)

The Venezuela Debt Dilemmas
(DBN)

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Japan:

Court okays seizure of $124m of bankrupt Japanese director's assets
(DBN)

Japan is Short on Babies, Then It Got Worse
(DBN)

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MENA:

Fallen Israeli Tycoon to Repay Only Fraction of 1.7 Billion Shekels He Owes Creditors
(DBN)

Dana Gas appoints advisers for $700 mln sukuk restructuring -sources
(DBN)

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Australia:

Classes In A Creditors Scheme: Different Tranches, Different Treatment, Same Class.
(DBN)

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Singapore:

Singapore’s New Restructuring Laws Are Now In Effect
(DBN)

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