March 2, 2017

The Daily Bankruptcy News

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Law:

NLJ's 2017 Go-To Law Schools Sneak Peek - No. 21-30
(DBN)

Meet Big Law's Newest Leaders
(DBN)

Jones Day's Closed System = Effective Business Model
(DBN)

Polsinelli's New York Office Adds Two Bankruptcy Pros
(DBN)

3rd Former Partner Files Suit Against Chadbourne Over Unequal Pay
(DBN)

Gibson Dunn partner says he would turn down a solicitor general nomination
(DBN)

Bryan Cave's Revenue Dips Again, But PPP and RPL Rise
(DBN)

How to Evaluate Law Firm Leaders
(DBN)

‘Big Law’ clients seeing virtue of midsize firms
(DBN)

Law School Applicants From Top Colleges Increased 1% In 2016 (But Down 48% Since 2010)
(DBN)

Clients to axe multiple law firms
(DBN)

Keep fit while you work with this law firm
(DBN)

How attorneys might find "ethical hacking" useful in the e-discovery process
(DBN)

The Pacific Northwest Elite: The Go-To Cascadia Law Firms
(DBN)

How to Keep Your Cool When You Get Harsh Feedback
(DBN)

Loss, Hope and What She Wore
(DBN)

The 'blackmail' allegations in the £132 million Candy brothers lawsuit could not be weirder
(DBN)

Meet 99-year-old grandmother Annie, who was arrested by police to tick it off her bucket list
(DBN)

JPMorgan software does in seconds what took lawyers 360,000 hours
(DBN)

Democrats demand Sessions resign over Russia meetings
(DBN)

Jury Settles In for Aaron Hernandez Drive-By Trial
(DBN)

Mega-rich conservative donors are behind Texas' obsession with amending the Constitution
(DBN)

Accused Cop Killer Unleashes Courtroom Tirade
(DBN)

Most Violent Crime in America Goes Unsolved
(DBN)

Customs Giving Literacy Tests At JFK Is A Thing Now
(DBN)

Charlton Heston’s criticism of judge plays a part in 3rd Circuit decision
(DBN)

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Judges:

Supreme Court nominee Gorsuch has a plan to revive the near-extinct civil jury trial
(DBN)

Judge Banned From Sitting On The Bench Ever Again Judge who ordered handcuffing of public defender is banned from the bench
(DBN)

The judgment of Posner
(DBN)

Justices, Normally Silent During Speeches, Give Scalia’s Wife Standing Ovation
(DBN)

The Truth Behind A ‘Lifetime Appointment’
(DBN)

Mary P. Sharon is Appointed Clerk of Court for the District of Massachusetts
(DBN)

Scalia's Absence Felt in Federalist SCOTUS Battle
(DBN)

This Magistrate Judge Is Fed Up With Lazy Discovery Responses
(DBN)

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Wall Street:

Dow poised to keep head above 21,000 US futures trade mixed after record-breaking session
(DBN)

S&P breaks above 2400 as stocks continue record-setting rally
(DBN)

The stock market just did something it hadn't done in at least 34 years
(DBN)

The Stock Market Hasn't Been This Exuberant in 30 Years
(DBN)

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Layoffs:

Pepsi To Eliminate 80-100 Positions In Philadelphia
(DBN)

White House eyes plan to cut EPA staff by one-fifth, eliminating key programs
(DBN)

SolarCity Cut 20% of Staff Last Year
(DBN)

Union says Univ. Oregon planning 75 layoffs of faculty
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Retailing:

Traders are making a killing betting against retail
(DBN)

Best Buy is sinking after its earnings forecast was weaker than expected
(DBN)

BCBG Is Going the Way of American Apparel: Bankrupt BCBG Azria files for bankruptcy as its eleventh hour attempt to recover BCBG Max Azria files for Chapter 11 bankruptcy
(DBN)

Bankrupt Wet Seal gets $1.5 million stalking horse bid
(DBN)

Fargo-based clothing retailer Vanity files for bankruptcy protection Changing industry pushes Fargo-based Vanity to bankruptcy
(DBN)

Payless Suppliers in the U.S. & China Grow Anxious as Bankruptcy Looms
(DBN)

Target is adding stores, but analysts say they should be cutting locations instead
(DBN)

#GirlBoss Sophia Amoruso Faces Major Backlash After Nasty Gal Bankruptcy
(DBN)

How to Keep a Retailer Out of Bankruptcy
(DBN)

Moody’s: Retail Distress Reaching Recession Level
(DBN)

Best Buy, Target Startle Investors With Plans to Overhaul Chains
(DBN)

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Food/Beverage:

Bankrupt Kingsport company, Pure Foods, has potential buyer
(DBN)

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Healthcare:

Trump Backs Tax Credits To Replace Health Law Trump Speech Leaves Health Care a Big Mess Republicans in Pence's Indiana warn of health repeal fallout GOP's Obamacare replacement could mean big cuts in aid for insurance customers
(DBN)

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Nuclear:

Toshiba seeking advise on potential Westinghouse bankruptcy cost
(DBN)

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Debt Collection:

Collection Letter Containing Check Box to Dispute Debt Created Potential FDCPA Claims, Federal Court Rules
(DBN)

Debt Collection Complaints Decline to Start 2017
(DBN)

Judge certifies NY class action over big debt collector’s high rates
(DBN)

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Student Debt:

Could the $1.3T of College Debt Spark the Next Financial Crisis?
(DBN)

Price of Admission: Student-Loan Debt and the Burden on Parents
(DBN)

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Shipping:

Bankruptcy claim lodged against Fesco
(DBN)

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Private Prisons:

Outsourcing the Constitution
(DBN)

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Economy:

US consumer spending slows; inflation pressures firming Personal Income increased 0.4% in January, Spending increased 0.2%
(DBN)

ISM Manufacturing index increased to 57.7 in February
(DBN)

Fed Says US Growing Modestly With Subdued Signs of Inflation Fed's Beige Book: Modest to Moderate expansion, Tight labor markets Businesses are expecting inflation to rise in the coming months, Fed's Beige Book says
(DBN)

The Next Dilemma of the Republican Tax Overhaul
(DBN)

Trump's six hidden trade weapons
(DBN)

Personal Consumption Expenditures over the Last 10 Years
(DBN)

Trump says 94 million Americans are out of the labor force — that's true if you include teens and grandma
(DBN)

Treasurys are getting smashed as sellers pile on after Trump's speech
(DBN)

For a guy who hates regulation, Trump sure is proposing some expensive ones
(DBN)

Wall Street stocks rise after Trump's corporate tax cut promises
(DBN)

Twitter employee complains in trend piece about 'pretty bad' six-figure salary in San Francisco
(DBN)

Investors Clamor for U.S. Corporate Debt as New Sales Slow
(DBN)

U.S. Light Vehicle Sales at 17.5 million annual rate in February US auto sales rise less than forecast in February
(DBN)

Construction Spending decreased in January

Wilbur Ross Would Like Congress To See What A Real Man Wears On His Feet
(DBN)

Will Trump Gamble on a Border Tax and Anger Millions of Walmart Shoppers?
(DBN)

Trump may ignore World Trade Organization in major shift of U.S. trade policy
(DBN)

5 Problems the Wall Won't Solve Trump administration has found only $20 million in existing funds for wall
(DBN)

One important indicator has stalled for the first time since the financial crisis
(DBN)

Trump's Economic Plans' 3 Political Problems
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Mortgage Applications Increase in Latest Weekly Survey
(DBN)

Broker Commissions: So You Want To Be Paid
(DBN)

Homeowners pay the most property taxes in these 10 states
(DBN)

The 15 best US states for first-time home buyers
(DBN)

So What Are We Going To Do With The Retail Malls?
(DBN)

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Municipalities:

Puerto Rico's new crisis plan includes closing down 75% of public agencies
(DBN)

Puerto Rico Governor Spurns Federal Oversight Board's Deepest Austerity Suggestions
(DBN)

Puerto Rico sees $1.2 bln a year in debt service spending
(DBN)

On 100-Yr. Anniversary of U.S. Citizenship, Puerto Rico Still Grappling with Its Identity
(DBN)

Joe Stiglitz Is Truly Wondrous - Puerto Rico Cannot Pay Its Debts
(DBN)

From bad to worse for Puerto Rico
(DBN)

Firm denies misleading Duggan over financial details Jones Day law firm denies Mayor Duggan was misled in bankruptcy Mayor's EM suit would pay political dividends
(DBN)

S&P Lowers Oklahoma's Bond Rating Amid Revenue Failure
(DBN)

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Oil/Gas:

Oil pares gains after US crude stocks build to record high
(DBN)

Linn out of bankruptcy, markets assets Placerita Oilfield Owner Out of Bankruptcy; No Longer Under LINN
(DBN)

Oil Rebound Demands Preventive Maintenance for Contracts
(DBN)

Gibson Dunn Raids Latham for New Houston Office
(DBN)

US Crude Oil Production Boost On Collision Course With OPEC Cuts
(DBN)

Emas bankruptcy process kicks off in Houston
(DBN)

Investors Need to Beware in the Bakken
(DBN)

Samson Resources emerges from bankruptcy
(DBN)

Seadrill Could Be Heading for Bankruptcy Seadrill Ltd. - Bankruptcy? Don't Bank On It Seadrill makes $127m profit in final quarter The Decline of Seadrill's Fleet Value
(DBN)

Coming Down the Pipeline: Mitigating the Payment Risk in Oil and Gas Construction Through Lien Claims
(DBN)

EIA: US Gasoline Demand Hit Record in 2016
(DBN)

Exxon's new CEO: 'Still a lot of uncertainty' in the oil market
(DBN)

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Politics:

President Trump's Toughest Sales Pitch Was to His Own Party Behind scenes, Ivanka encouraged Trump’s change of tone CNN: Trump lied to anchors about immigration to get ‘positive press coverage’ in run-up to speech Trump says GOP is now party of the working class. Is he right? How GOP rhetoric on Muslims has changed Trump Fact Check: budget "calls for one of the largest increases in national defense spending in American history" Military Officers Unhappy with Trump Tribute Scapegoater in Chief Obama Administration Rushed to Preserve Intelligence of Russian Election Hacking Chaffetz: We Don't Need a Special Prosecutor White House brushes off calls for probe into Russia ties Graham: A Special Prosecutor May be Needed
(DBN)

Schumer: Trump's new immigration crime office is 'ridiculous' Trump's speech highlighted victims of crimes by immigrants — but a look at the data shows it's incredibly rare
(DBN)

This video rental business says everything about America’s political divide
(DBN)

George W. Bush warns against 'isolationist tendency' in US
(DBN)

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Banking:

Wells Fargo Pulls Bonuses, Claws Back Top Executives' Awards Wells Fargo cuts pay for CEO and other top executives after scandal
(DBN)

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Music:

After Burning $2.57 million in 1.5 Years, Dart Music Declares Bankruptcy
(DBN)

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Gambling:

Icahn Sells Trump Taj Mahal Casino to Hard Rock-led Group
(DBN)

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Hollywood:

Effects Studio Asks OK Of $4M Settlement From Ex-Execs
(DBN)

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Autos:

Government Never Forgets: GM to Pay Back Cash that Funded Celebrity, Cutlass Ciera Production
(DBN)

VW to Plead Guilty in US Next Week
(DBN)

The gap between new and used car loans hits a record high
(DBN)

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Pharma:

Valeant's New Bonus Math Puts Debt Holders in Driver's Seat
(DBN)

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Celebs:

'Dance Moms' Star Abby Lee Miller Shares Her Fears Over Possibly Going to Prison For Bankruptcy Fraud
(DBN)

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Ethanol:

White House: No EO for Ethanol in the Works
(DBN)

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Corporate Reform:

Trump's Washington takes aim at consumer watchdog chief
(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 (24 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (17 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:

Bankruptcy filings decline 5.5 percent in Buffalo, Rochester region
(DBN)

NW Ohio bankruptcy filings down 22%
(DBN)

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Bankruptcy Rules:

BK NJ: 30-Day Comment Period For Proposed Local Rules
(DBN)

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Tax:

Does Failure to List a Refund Claim in a Debtor’s Bankruptcy Schedules Provide the IRS a Defense Barring the Refund
(DBN)

IRS Withdraws Billions In Satisfied Claims Against EFH
(DBN)

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Trustees:

UST Looking For Ch. 7 Trustee In MD TN
(DBN)

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SCOTUS:

SCOTUS Asked To Review Bankruptcy Sale Notice Issues In GM Case
(DBN)

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Lehman:

Lehman Slams Citibank's Bid For Early Win In $2B Setoff Suit
(DBN)

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TBTF:

GOP report: Feds use 'too big to fail' 'arbitrarily and inconsistently'
(DBN)

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TIA:

Marblegate : Second Circuit Limits TIA Prohibition to Altering Legal Right to Payment
(DBN)

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Estoppel:

Lawsuits should be disclosed in bankruptcy proceedings, says Va. top court
(DBN)

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Consolidation:

Assets of closely aligned LLC subject to bankruptcy claims
(DBN)

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Accounting:

The accountant that caused the Oscars screw-up is still in his job, but he’s 'devastated' by the fallout The 2 accountants responsible for the Oscar screwup will no longer work the awards
(DBN)

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Coal:

Coal mining begins seeing revival as Trump gives industry hope Trump poised to lift federal coal ban, other green rules: White House
(DBN)

Why coal companies want to be seen as clean-energy players even amid new support for fossil fuels
(DBN)

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Radio:

iHeartMedia CEO Bob Pittman’s Efforts May Not Be Enough to Avoid Looming Bankruptcy
(DBN)

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Committees:

Equitable or Equity Committees: Lessons from Recent Cases
(DBN)

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Television:

The number of US homes without a TV doubled in just 6 years
(DBN)

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Ports:

Unsecured Creditors Blast Outer Harbor's Ch. 11 Plan
(DBN)

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Fraud:

Madoff Figure's $20M Deal With Calif., Investors OK'd
(DBN)

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UK:

Attempt to put asset beyond the reach of trustees in bankruptcy fails
(DBN)

R3 says new Standard Financial Statement is a ‘positive development’
(DBN)

BHS pension deal likely to interest struggling groups
(DBN)

Did Philip Green get off lightly with £363m BHS settlement?
(DBN)

The War: UK Readies Brexit Divorce Papers
(DBN)

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PIIGS:

Bankruptcy court refuses to look behind judgment upon presentation of bankruptcy petition
(DBN)

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Canada:

BCBG Max Azria files for bankruptcy, to shut down Canadian stores
(DBN)

A Slue of Canadian Clothing Store Locations Could Close For Good
(DBN)

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China:

China rejects Trump claim it took US jobs away China: US Hasn't Lost 60,000 Factories
(DBN)

New Risks Loom for China Local Debt, This Time in Dollars
(DBN)

China to Can 500,000 in Heavy Industrial Jobs
(DBN)

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Germany:

Ballooning Pension Deficits May Take Air Out of Corporate Germany's Future
(DBN)

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India:

Would Air India Be More Marketable for Investors if It Pursued Bankruptcy?
(DBN)

Insolvency professionals fear maltreatment as law fails to protect them
(DBN)

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Australia:

New Australian liquidator and trustee claim assignment provisions commence today
(DBN)

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Venezuela:

Venezuela is down to its last $10 Billion
(DBN)

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Caymans:

Law firms accused of owing Cayman Islands millions in fees
(DBN)

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South Korea:

Bankruptcy court opens in Seoul
(DBN)

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Brazil:

Orascom gives Brazil's Oi one month to amend reorganization plan
(DBN)

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Japan:

Toshiba asks law firm to advise on potential Westinghouse bankruptcy cost -sources
(DBN)

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