March 31, 2017

The Daily Bankruptcy News

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Law:

Big Law Rainmakers Spill Their Secrets
(DBN)

In-house lawyers raise doubts over Deutsche's panel stipulation on junior lawyer pay
(DBN)

Discipline board says atty should be suspended for faking hundreds of billable hours
(DBN)

Why ‘Higher-Class’ Women Won’t Get That Biglaw Job: Hiring Biases That You Won’t Believe!
(DBN)

Power Niche Marketing: A Great Example Of A Power Niche
(DBN)

When Practice Means Business: Legal Marketing’s Future Is Now
(DBN)

Law Firms Lag in Client Focused Investments: Survey
(DBN)

The 5 Most Expensive Law Schools In America (2017)
(DBN)

If It's a New Law Dean, It's Likely a Woman
(DBN)

More Students Are Receiving More Scholarship Money To Attend Law School
(DBN)

What Companies Can Demand From Law Firms on Data Security
(DBN)

Kasowitz Reports Down Year
(DBN)

Revenue Creeps Up, Partner Profits Dip at Kilpatrick
(DBN)

Growth Surge Ends at Debevoise, But Ex-Partners Return
(DBN)

South Florida's Billing Rates Remain Flat As Small Firms Get More Than Half the Work
(DBN)

Who Rules the World of Litigation Funding?
(DBN)

Don’t buy a new iPad Pro right now
(DBN)

Linklaters signs up to access flexible lawyer pool
(DBN)

4 ways to rise to the top in BigLaw without making it rain
(DBN)

Canadian convicted of $23 million fraud scheme targeting lawyers
(DBN)

From Bankruptcy Attorney To Launching A Successful Makeup Line
(DBN)

Trump suggests he may 'change libel laws' in tweet attacking New York Times • President Donald Trump Wants to Change the Libel Laws (Again), Except He Can’t
(DBN)

Travel Ban 2.0 Now Suspended Indefinitely • Enjoining the Revised Refugee EO: The Hawaii District Court “Waters Down” the Separation of Powers
(DBN)

4 out of 5 people who had cash seized by the Drug Enforcement Administration weren't charged with a crime
(DBN)

North Carolina becomes first state to require lawyers to reveal innocence evidence after conviction
(DBN)

Lawyers mimic defendant BuzzFeed in motion with clickbait header and adorable kitten photo
(DBN)

Graduate of two law schools who never attended college may take the bar exam, court rules
(DBN)

New Lawyers 2010 to 2017: Lower LSATS, Lower Bar Passage … More DUIs
(DBN)

Five-Year-Old Suspended for Playing With Stick Like a Gun During Recess
(DBN)

How Hunting Clients Is Like Being Addicted To Tinder
(DBN)

Boutique Bests Biglaw In Booze-Bottle Battle
(DBN)

Law firms to release branded children's stories
(DBN)

'I Learned to Keep My Mouth Shut': Aaron Hernandez's Fiancée Testifies in Double Murder Trial
(DBN)

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Judges:

Gorsuch battle brings Senate to brink of a new low • A pair of Democratic senators just announced they will vote for Trump's Supreme Court nominee • GOP could try these ‘nuclear option’ alternatives to put Gorsuch on the Supreme Court • Senator: Gorsuch Without Principle Because He Didn’t Turn Down SCOTUS Nomination For Garland • McCain Seeks Last-Ditch Deal to Avoid 'Nuclear' Fight on Gorsuch • McCaskill warns Democratic donors of pitfalls of blocking Trump nominee for high court • Big money behind Supreme Court nominee Neil Gorsuch shows little payoff • The Empty Supreme Court Confirmation Hearing • Neil Gorsuch and the Senate's "Nuclear Option," Explained • Even Lindsey Graham Is Ready to End Filibuster if Dems Block Gorsuch
(DBN)

White House interviewing young lawyers for federal judgeships
(DBN)

Former Court Clerk Admits Forging Case Outcomes for Money
(DBN)

Judge's fantastic instructions for interns revealed
(DBN)

Bonkers Law Firm Website: Onside Law's staff profiles go way offside
(DBN)

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Wall Street:

Dow on track to set a record for the quarter, even as U.S. stock futures dip
(DBN)

US stocks shake gloom as oil tops $50/barrel
(DBN)

The Dow is about to do something it hasn't done in 10 years
(DBN)

Why long-term U.S. stock returns look dismal
(DBN)

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Layoffs:

DFW Airport hotel laying off 240 workers
(DBN)

Robots Are Replacing Humans at All These Wall Street Firms
(DBN)

How artificial intelligence will affect your job
(DBN)

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Retailing:

Traders are betting against another company to capitalize on Sears' demise • Does Sears Holdings Really Think It's Not Going to Survive? • Sears and its hedge fund owner, in slow decline together
(DBN)

Stage Stores to acquire about half of bankrupt retailer's stores • Stage Stores, winner in Gordmans bankruptcy auction, will operate 50 locations and keep open Omaha distribution center
(DBN)

HHGregg bankruptcy forces Andretti to rebrand
(DBN)

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Politics:

Trump threatens House Freedom Caucus after healthcare disaster • Freedom Caucus Member Fires Back at Trump • Trump and Ryan Promise Magic Majorities • Trump's attacks on the House Freedom Caucus force his supporters in conservative media into awkward position • Paul Ryan is worried Trump will ditch the GOP to work with Democrats on healthcare • Top Republican senator takes shot at Paul Ryan for discouraging Trump from working with Democrats • Pages From Trump’s Tax Returns Raise A Decade’s Worth of Questions
(DBN)

'There is a great, great deal of smoke': Senate Intel Committee holds first public hearing on Trump-Russia probe • Report: The FBI is using the explosive Trump-Russia dossier as a 'roadmap' for its investigation • Hillary Clinton wasn't the Russians' only target • White House officials helped give House Intel chair classified intelligence reports • White House Invites Lawmakers to Review Classified Documents • Nunes got surveillance docs from Flynn deputy and his own former staffer now at White House • ‘Follow the trail of dead Russians’ if you want to crack 2016 election interference: Senate intel witness • Cyber expert drops Senate intel bombshell: Russia targets Trump with fake news because he’ll repeat it • Ousted Trump adviser Michael Flynn offers to talk to the FBI in exchange for immunity • FBI Chief Tried to Reveal Russian Tampering Before Election • Flynn Wants Immunity. So Does That Mean President Trump is Screwed? • Flashback: Mike Flynn said immunity probably equals guilt
(DBN)

Haley: Cuts are Coming to the UN
(DBN)

How Bush reportedly described Trump’s inauguration speech
(DBN)

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Trucking:

Top 250 fleet Graebel Van Lines closes doors
(DBN)

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Retailing:

Sears stock is up 50% in a week. What the heck is going on?
(DBN)

Gander Mountain Files Stalking Horse Bid
(DBN)

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Electricity:

Texas Regulators Give Preliminary 'No' to NextEra Takeover of Oncor • Texas regulators nix $18 bln deal for bankrupt power company
(DBN)

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Celebs:

'Dance Moms' Star Abby Lee Miller Cries Over Possibly Serving Prison Time: 'Life Is Not Fair' • Abby Lee Miller's Biggest Revelations: From 'Dance Moms' & 'Dancing With the Stars' Drama to Prison & Dating
(DBN)

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Education:

Why can't colleges declare bankruptcy? HBCUs would benefit greatly from Chapter 11 reorganization
(DBN)

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Student Debt:

Student loan defaults might add up to more debt
(DBN)

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Economy:

Final GDP estimate comes in higher for fourth quarter
(DBN)

Fed's Dudley says rate hikes are appropriate to reduce the risk of overheating
(DBN)

The Fed Is Bedeviled by Keynes's Paradox
(DBN)

Sentiment vs. Reality: The Economy Is Telling Two Different Stories
(DBN)

Trump Wants Modest Changes to NAFTA
(DBN)

The Geography of U.S. Productivity
(DBN)

Trump's plan for NAFTA borrows heavily from TPP, which he hated
(DBN)

Minimum Wage Reality Check
(DBN)

How the U.S. got to $20 trillion in debt
(DBN)

It's surprisingly easy to end up living paycheck to paycheck when you earn $500,000 a year
(DBN)

America’s Growing Labor Shortage
(DBN)

Two Trump executive orders aim to fulfill campaign promises to stop trade cheaters
(DBN)

The 1% rule explains why a few people end up with most of the rewards
(DBN)

Steve Mnuchin received nearly $11 million in severance from CIT Group
(DBN)

Trump can’t keep up with all his promises — and neither can the US budget
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Bankruptcy Judge Confirms Brian Moynihan’s Longstanding Fear That Bank Of America Is Haunted By The Ghost Of Franz Kafka • Egregious Fact Pattern Earns Bank Of America A Scathing, $45+ Million Benchslap • Ruling Slamming Bank of America Could Benefit California Law Schools • Hero Judge Shreds Bank of America for Putting Couple Through Kafkaesque’ Foreclosure Nightmare • Law deans were unaware of judge’s largesse in wrongful foreclosure case
(DBN)

America is building more apartments than renters want
(DBN)

Chapter 13 Plan, Not Texas Law, Governs HOA Payments
(DBN)

House Price Indexes Since 1976
(DBN)

Here are the 25 markets with the biggest rent hikes
(DBN)

NAR: Trouble ahead as National Flood Insurance Program expiration date nears
(DBN)

The Death Of Many Shopping Malls Brings Negative Focus On REITs
(DBN)

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Municipalities:

Disappointing talks between Puerto Rico and creditors
(DBN)

Restoring Puerto Rico
(DBN)

Puerto Rico fight over utility raises risk for bond insurers
(DBN)

With Its Debt Crisis, Puerto Rico Must Treat Its Creditors Fairly
(DBN)

Puerto Rican Public University Students Strike Against Budget Cuts
(DBN)

Puerto Rico's Bonds Continue To Slump
(DBN)

The rational way to fix Puerto Rico's massive debt problem
(DBN)

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Oil/Gas:

Oil tops $50 to finish at a more than 3-week high • Oil prices settle above $50 a barrel
(DBN)

Shale Drillers Face an Uncertain 2018 With Most Hedges Expiring
(DBN)

One of the world's best-known oil traders is predicting prices to recover to $70 a barrel
(DBN)

IEA Says Oil Prices Will Not Jump Sharply, Despite OPEC Supply Cuts
(DBN)

Big Oil could be ready for a big comeback
(DBN)

Another 8,700 oil jobs are at risk if prices drop below US$50 for a sustained period, according to new study
(DBN)

Fracking 2.0: Shale Drillers Pioneer New Ways to Profit in Era of Cheap Oil
(DBN)

Russia Reaches 2/3 Of Oil Output Cut Target
(DBN)

Dallas Fed: Oilfield Services Firms have Positive Outlook
(DBN)

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Autos:

VW agrees to pay $157M to 10 states over rigged diesels
(DBN)

Why it’s getting harder to ignore subprime auto defaults
(DBN)

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Solar:

SunEdison Sees Life Post-Bankruptcy, Creditors Contest Value • SunEdison creditors oppose $2.5 billion sale of yieldco shares
(DBN)

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Nuclear:

Westinghouse Electric's 30 largest creditors
(DBN)

Citibank Agents $800MM DIP for Westinghouse • Westinghouse Set to Obtain $800 Million Bankruptcy Financing
(DBN)

Westinghouse's largest creditor continues work on power plant projects, expects to be compensated
(DBN)

US judge clears Toshiba's Westinghouse to tap bankruptcy loan
(DBN)

Westinghouse wins UK reactor approval from nuclear regulator
(DBN)

Westinghouse Bankruptcy May Put U.S. on Hook for Part of $9.8 Billion in Debt
(DBN)

Toshiba execs under fire as loss forecast balloons
(DBN)

'Every option' being looked at for Plant Vogtle after contractor’s bankruptcy
(DBN)

U.S. Nuclear Projects Teeter as Westinghouse Files for Bankruptcy
(DBN)

Westinghouse bankruptcy could trigger SCE&G rate hike
(DBN)

Westinghouse Bankruptcy Clouds Future of Two Nuclear Projects in Southeast
(DBN)

More bad news for the nuclear industry as Westinghouse files for bankruptcy
(DBN)

U.S. Nuclear Setback Is a Boon to Russia, China
(DBN)

Investors bottom fish municipal bonds tied to Westinghouse
(DBN)

Big in Japan? Hope at home for Toshiba's nuclear arm after U.S. debacle
(DBN)

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Shipping:

KDB tries to sell DSME bailout
(DBN)

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Religion:

Priest to give up on claim challenged in archdiocese bankruptcy
(DBN)

Judge Sets 'Occurrence' Measure For Priest Abuse Cases
(DBN)

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Aviaiton:

The DAK Group Selected to Represent Official Committee of Unsecured Creditors of San Francisco Based Drone Company
(DBN)

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Banking:

Lawyers hope to spike Wells Fargo's $110-million settlement in favor of bigger deal
(DBN)

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Debt Collection:

Court Rules Debt Buyer’s Small Claims Court Judgment Waived Right to Arbitration in Class Action Suit • Maryland High Court Holds Defendant Waived Arbitration by Filing Collection Action, No Prejudice Required for Waiver
(DBN)

Debt Collection Complaints Surge Compared to Early 2016
(DBN)

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New Bankruptcy Opinions
(8 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (18 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (22 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:

When a tax refund means bankruptcy
(DBN)

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Trustees:

BK ED NC Seeks Chattanooga Ch. 7 Trustee
(DBN)

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Professional Compensation:

A Big Haircut for Indenture Trustee Counsel Fees
(DBN)

Carve-out Provision in DIP Financing Order Did Not Limit Fees to Committee Counsel
(DBN)

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Cross-Border:

Foreign firms flock to White Plains to file for bankruptcy
(DBN)

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Structured Dismissal:

SCOTUS Prohibits Non-Consensual Structured Dismissals in Deviation of Bankruptcy Code Priority Scheme
(DBN)

Yes, Virginia, there is a Code Priority Scheme: Supreme Court Strikes Down Structured Dismissals in Jevic
(DBN)

The Structure of Dismissals – Supreme Court’s Jevic Decision Lays Out Ground Rules for Parties Seeking to Resolve Bankruptcies Through the Increasingly Popular Method of Structured Dismissals
(DBN)

In re Jevic: Once Again, the Supreme Court Screws Up Our Bankruptcy World — And Justice Thomas is Wise in His Dissent
(DBN)

Supreme Court Rules: Even Gifts Must Play by the (Absolute Priority) Rule
(DBN)

Supreme Court Provides Guidance on the Use of Structured Dismissals in Bankruptcy
(DBN)

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Insiders:

High Court to Hear Bankruptcy Case on Insider Claims
(DBN)

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Discharge:

Bank Letters to Debtor a 'Willful' Violation of Stay
(DBN)

Nationstar’s “Soft Pulls” of Discharged Debtor’s Credit Reports did Not Violate FCRA where Servicer had Legitimate Need to Pull Report
(DBN)

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Automatic Stay:

Mere Retention of Property Does Not Support Stay Violation
(DBN)

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Lien Stripping:

New York Bankruptcy Court Prohibits Stripping of Mortgage Lien Against Debtor’s Multi-Family Residential Real Estate, Setting Up Split of Authority With District of Connecticut
(DBN)

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TBTF:

Republican senator 'frustrated' by White House inaction on MetLife case
(DBN)

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Fraud:

Indictment accuses Rosen of tricking investors for years for fake dog business
(DBN)

Thousands of Trump University Students Sign Up for Hefty Refunds
(DBN)

Madoff Deals Locked in Safe at Center of U.K. Hedge-Fund Lawsuit
(DBN)

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Make-Whole:

Parties' Intent: Third Circuit Finds Make-Whole Provision Survives Voluntary Bankruptcy Filing
(DBN)

The Enforceability of Make-Whole Clauses in Bankruptcy
(DBN)

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Avoidance Actions:

Payments on Commercial Mortgage-Backed Securities Loans Cannot Be Avoided in Bankruptcy
(DBN)

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Coal:

Coal isn't dead, but it won't revive Appalachia, either
(DBN)

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UK:

Westinghouse bankruptcy: Is the future of nuclear power in the UK in doubt? • Westinghouse Bankruptcy Could Stall UK Nuclear Plans
(DBN)

The Insolvency Rules 2016 – improved outcome for creditors or debtors' charter?
(DBN)

As Brexit Talks Loom, Wishes Clash With Reality
(DBN)

High street fashion designer Karen Millen is declared bankrupt • Karen Millen is declared bankrupt over £6million tax bill
(DBN)

Britain's Breakaway Haunted by Continued Role of EU Judges
(DBN)

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EU:

EU Boss: We'll Break Up USA
(DBN)

The European Account Preservation Order or How to Freeze a Foreign Debtor's Bank Account
(DBN)

Tillerson says NATO members need to ensure all financial resources are available
(DBN)

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PIIGS:

EFKA 'unable' to make pension target
(DBN)

Greece, EU/IMF lenders agree on key labor reforms, pension cuts - sources
(DBN)

Spain’s Mom and Pops Are Hurting
(DBN)

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Canada:

Essar Algoma Steel pays back almost $60 million to lenders
(DBN)

Three court decisions affecting Essar Algoma
(DBN)

Ford Seeks to Curb Long Car Loans as Canadian Debt Pile Mounts
(DBN)

Meet the unluckiest man in the oil patch
(DBN)

Ontario court revisits priorities among multiple victims of mortgage fraud
(DBN)

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China:

A long Chinese credit daisy chain snaps
(DBN)

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Australia:

A Yank’s Take on the Rise of U.S. Style Pre-Insolvency Restructuring
(DBN)

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Ukraine:

When Russia and Ukraine Battle in Court, the West Wins
(DBN)

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Japan:

Toshiba's U.S. unit bankruptcy dims Japan's nuclear ambitions
(DBN)

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