May 1, 2017

The Daily Bankruptcy News

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Law:

Prosecutors say Dewey execs' fraud was prompted by multimillion-dollar paychecks 'He Knew' Says Dewey & LeBoeuf Prosecutor as Case Nears Close Defense: Dewey execs were trying to save the firm, not defraud it
(DBN)

A Day In The Life Of A Biglaw Mom
(DBN)

Can Firms in The Am Law 51-100 Keep From Falling Further Behind?
(DBN)

Bad News: Rainmakers Aren't Lounging in Their PJs
(DBN)

The Am Law 100 2017: warning signs for the UK market as America's biggest get bigger
(DBN)

BigLaw's biggest revenue winners and losers of 2016
(DBN)

Trump Slams Archaic US Constitution
(DBN)

Is Complaining Good For Your Career?
(DBN)

10th Circ affirms order for atty to lecture at law school as penalty
(DBN)

TX: 2017 Annual Report on Firm Finance
(DBN)

Law Revue Video Contest 2017: The Winner!
(DBN)

Atlanta Attorney Charged In Wife’s Murder
(DBN)

Troubled Law School May Hold Graduates’ Degrees Hostage, Hires Lobbying Group To Secure Federal Student Loans
(DBN)

Whittier Law School Died Many Years Ago, When It Strayed From Its Founding Mission To Prepare Students To Pass The Bar And Succeed As Lawyers
(DBN)

More Data On The Closure Of Whittier Law School
(DBN)

Trump's top candidate for N.Y. prosecutor angered U.S. lawyers by testifying as defense witness Trump's Favorite for Wall Street Cop: A Ferris Bueller Prototype Who Angered Chicago Feds
(DBN)

Trump's remarks haunt him again in sanctuary city ruling
(DBN)

Saying Biglaw Hiring Coordinators ‘Have More Beauty And Fewer Brains’ A Bad Move For Headhunter
(DBN)

Employers can pay women less than men based on salary histories, 9th Circuit rules
(DBN)

Publicly-listed law firm Slater and Gordon in dispute with British group
(DBN)

Secretary who says she's owed $140K in backpay did executive work, firm says
(DBN)

5 Tips That Will Help You Negotiate on Just About Anything
(DBN)

Millennial jurors could change your trial strategy, panel says
(DBN)

Tx. Attorney Richard Racehorse Haynes Dies
(DBN)

More NFL players' ex-attorneys seek cut of concussion deal payout:
(DBN)

Why Some Conservatives Think LGBTQ People Deserve to Get Beaten Up
(DBN)

Reince Priebus Says White House Has ‘Looked at’ Changing Libel Laws
(DBN)

The founder of LinkedIn says too many of us are using the site all wrong
(DBN)

15 things you didn't know your iPhone headphones could do
(DBN)

Big Law's 'Power Lawyers' on Hollywood's Top 100 List
(DBN)

4 Keys To Success For Public Speaking
(DBN)

Iconic Manhattan steakhouse accused of "blatantly stealing wages" from its wait staff
(DBN)

National Student Union Bans Clapping and Whooping As “Triggering” and Non-Inclusive
(DBN)

New Jersey Florist Captured on Film Removing Flowers From Graves
(DBN)

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Judges:

2nd man charged in killing of Chicago judge
(DBN)

Robert Reich: Trump’s unconstitutional assault on the judiciary
(DBN)

Federal Judge Calls for Guillotine's Return
(DBN)

Some Possible Nominee Names For The Ninth Circuit
(DBN)

2 Weeks After Abdus-Salaam's Death, Questions Outweigh Solid Answers
(DBN)

“Oh, Come On,” Says Chief Justice
(DBN)

Trump to stick with conservative list for next Supreme Court pick
(DBN)

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Wall Street:

U.S. stocks set to rise after government shutdown averted
(DBN)

U.S. stocks close modestly lower, but end higher for the week
(DBN)

A star Wall Street fund manager is getting it all wrong
(DBN)

All Those Bubble Sightings Turned Out to Be Mirages
(DBN)

Dow’s rally from election through Trump’s first 100 days is a postwar record
(DBN)

Wall Street dealmaking has exploded since Trump took office
(DBN)

Goldman Sachs is making a big push to help regular Americans save
(DBN)

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Layoffs:

Tillerson Proposes 2,300 Job Cuts From State Department
(DBN)

Wright State braces for 170 layoffs
(DBN)

Robots are going to take a lot of jobs — here's what we could do about it The entry-level jobs most likely to be stolen by robots soon Millennials aren’t robot-proof
(DBN)

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Politics:

Trump's First 100 Days: Here's how he stacks up to other presidents Trump’s first 100 days: ignorant, thuggish, insecure - a president as would-be oligarch Trump’s First 100 Days: Investors’ Euphoria Fades Trump's 100-day rally: president launches attack on 'failing' media Trump blames constitution for chaos of his first 100 days - The president is learning the limits of power President Trump's 100th Day Brings Nationwide Protests The Only Real Lesson From Trump's 100 Days Here’s what Trump is doing (and NOT doing) on his 100th day as president On Day 99, Trump’s To-Do List Has Few ‘Done’ Marks One of the Koch Brothers wrote an op-ed warning against President Trump’s “big businesses” agenda Why the nation should be thankful Trump failed to push through too much, too soon Trump tells rally attendees in Harrisburg, Pa., that he’s delivered 100 days of action Trump Can’t Stop Obsessing About His Electoral Map Trump and the NRA Are Now Out of Sync Is Donald Trump’s Presidency Hurting His Businesses? 'New York Can Solve That': Bill Introduced to Require Trump to Release Tax Returns The latest bad economic news isn’t Trump’s fault, but he has made it his problem Trump Calls Schumer an Incompetent ‘Fool’ Just When He Needs Him the Most One of Trump's most controversial advisers is reportedly out of the White House Trump: Kim Jong Un is ‘a pretty smart cookie’ How Trump Could Get Fired
(DBN)

Elizabeth Warren says Obama got it wrong: It’s worse than Americans realize Elizabeth Warren calls out Obama and Democrats for losing way on economy
(DBN)

Trump Gave Democrats a Huge Opportunity, and They’re Blowing It
(DBN)

DNC Lawyer Admits They Weren't Required to be Impartial Between Clinton, Sanders
(DBN)

Ivanka Trump’s Attorney Sets WaPo Straight in Blistering Response to Editorial
(DBN)

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Awards:

Andy Phillips elected Fellow of Mississippi bar
(DBN)

______________

Shipping:

A tale of two shipyards
(DBN)

______________

Software:

Washington sued over community colleges' troubled software system
(DBN)

______________

Coal:

Sorry, Coal. Solar Is Where the Jobs Are
(DBN)

Looming closure of power plant is test for Trump's pro-coal stance
(DBN)

Mine wars: The struggle for coal miners’ health care and pension benefits comes to a head
(DBN)

Bob Murray, coal's flinty leader, has President Donald Trump's ear
(DBN)

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Personal Finance:

Warren Buffett’s 10 Best Pieces of Advice Ever
(DBN)

How to Calculate Your Net Worth
(DBN)

Parents: Don't Sacrifice Yourselves On The Altar Of Your Children's Education
(DBN)

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Healthcare:

University of Kan. hospital could buy troubled Topeka facility KU hospital’s interest in acquiring St. Francis hospital in Topeka is a silver lining in a cloudy situation.
(DBN)

Trump Will Appoint a Woman Who Insists Abortion Causes Breast Cancer to HHS Leadership
(DBN)

My Escape From Anxiety
(DBN)

Trump declares ‘Obamacare is dead’ in Sunday morning Twitter frenzy
(DBN)

Trump splits from the GOP and says Trumpcare 2.0 will guarantee pre-existing protections nationwide
(DBN)

______________

Solar:

Out of Sungevity’s ashes, Solar Spectrum will rise using its assets and employees
(DBN)

HelioPower files for Chapter 11 bankruptcy
(DBN)

______________

Celebs:

‘Texas Flip & Move’ Star Broke! Myers Jackson Secretly Files For Bankruptcy
(DBN)

Creditors trying to chase down Marlins hero Livan Hernandez
(DBN)

What comes after getting abused, NBA stardom and bankruptcy
(DBN)

Bill Gates could be the world's first trillionaire but Bezos is hot on his heels
(DBN)

______________

Rail:

Hawaii lawmakers want to boost hotel taxes to fund troubled rail
(DBN)

______________

Electricity:

Future Oncor Dealmaking Faces High Hurdles If NextEra Acquisition Falls Through
(DBN)

______________

Non-Profits:

As number of adoptions drops, many US agencies face strains
(DBN)

______________

Steel:

Optima Specialty Steel, Inc. Announces Initial Plan Support Agreement Milestones Achieved
(DBN)

______________


Economy:

U.S. economy bogs down in first quarter with slowest growth in 3 years, GDP shows
(DBN)

Fed to signal rate-hike plan in place despite soft economic data
(DBN)

BEA: Real GDP increased at 0.7% Annualized Rate in Q1
(DBN)

Goldman: U.S. Economy "now at full employment"
(DBN)

Chicago PMI increases in April
(DBN)

This scoreboard tracks the economy under Trump, and here’s what it says today
(DBN)

As Consumers Take On More Debt, Credit Card Losses Rise Most Americans Are in Debt: Here’s How Much We Owe
(DBN)

Trump signs bill to temporarily avert government shutdown Congress has a budget deal Congress reaches deal to fund government through September Congress Finishes Spending Deal: Trump, Who?
(DBN)

Fact Check: The estimated price of President Trump’s border wall is the same as the cost of "one and a half aircraft carriers."
(DBN)

Trump's faulty trade math may not make America greater, or richer
(DBN)

A Form 10-K for America's government
(DBN)

The Gender Pay Gap In Medicine Is Abominable. Here’s Where It’s Worst.
(DBN)

Larry Summers To Steve Mnuchin: “I Feel Bad For You Son”
(DBN)

11 Reasons Why U.S. Economic Growth Is The Worst That It Has Been
(DBN)

Fact Check: "Before NAFTA, trade between the US and Mexico was around $50 billion. Now it stands at more than $500 billion."
(DBN)

Businesses Don’t Benefit Equally From Trump’s Tax Proposal
(DBN)

These Are the 10 Richest Women in the World
(DBN)

Milk Wars Curdled U.S.-Canada Relationship Long Ago
(DBN)

Trump Was Set to Kill NAFTA Until an Adviser Showed Him a Map
(DBN)

Can Trump Exit NAFTA? Here’s What the President Can -- and Can’t – Do
(DBN)

Trump’s newest trade move reveals scaled-back approach
(DBN)

Trump talks tough on NAFTA: 'If I can't renegotiate...we will terminate' the agreement
(DBN)

The Trouble with Trump's 'Buy American' Plan
(DBN)

Trump chief of staff says a cherished tax break of Wall Street’s ultrarich will be tackled in overhaul
(DBN)

Pence: Trump tax plan could increase deficit ‘maybe in the short term’ Trump Tax Plan: Everyone Should Incorporate Everything You Need To Know About The One-Page Tax Plan That Will Never Become Law Trump's Candy Land School of Tax Reform New Tax Plan Scares the Hell Out of Larry Fink David Stockman: Trump’s tax plan is ‘dead on arrival’ and Wall St. is ‘delusional' Losses Lurk in Trump Tax Plan If Trump has a tax plan, his advisers can’t agree on what it is 3 Ways Trump’s Tax Proposal Could Change the Economy New Tax Cuts More Damaging Than Reagan's Trump Says He Could Release Taxes After End of Audit...Maybe 'That balloon is going to get popped': Trump may target 'carried interest' tax loophole
(DBN)

A student who worked in a Chinese iPhone factory explains why manufacturing jobs aren't coming back
(DBN)

Ron Paul: The Fed's actions will soon cause a long-overdue correction
(DBN)

Some Americans Never Get Social Security
(DBN)

The Changing of the Global Economic Guard
(DBN)

Basic Income: Ro Khanna on His $1 Trillion Plan to Fix the Middle Class
(DBN)

This graph shows how much money you can earn from each college major
(DBN)

Trump claims China stopped manipulating their currency after he called them on it Trump just made his most appalling claim about China yet
(DBN)

Next recession will hit during Trump’s first two years
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

______________

Real Estate:

Moody's: Canadian lumber tariff may take up to 6 months to impact U.S. homebuilders
(DBN)

Not all CMBS are at risk of default, says Morningstar
(DBN)

Minimal Paperwork? No Problem for Mortgages in This Deal
(DBN)

Fannie Mae: Mortgage Serious Delinquency rate declined in March, Lowest since Feb 2008
(DBN)

Every U.S. County Has an Affordable Housing Crisis
(DBN)

Why the Federal Flood Insurance Program Is $24.6 Billion Under Water
(DBN)

Spate of store closures spurs debt worries for retail property owners
(DBN)

____________

Municipalities:

Puerto Rico Bondholders Reject Island's Restructuring Offer Puerto Rico bondholders shun island's debt-cutting offer
(DBN)

(DBN)
Puerto Rico's Broken Promise: The cash-strapped, debt-laden island takes one step closer to bankruptcy
(DBN)

Puerto Rico's Only Interesting Questions Are Who Loses Money And How Much, Not Whether
(DBN)

Puerto Rico faces flurry of lawsuits as debt deadline nears
(DBN)

Bill Avoiding Government Shutdown Includes Some Funds For Puerto Rico Healthcare
(DBN)

Puerto Rican governor: 'False narrative that Monday, the world ends'
(DBN)

Puerto Rico Board Moves to Consider Bankruptcy -Like Process
(DBN)

Puerto Rico board OKs agency fiscal plans as deadline looms
(DBN)

Puerto Rico oversight board approves GDB liquidation plan
(DBN)

Individual Arrested For Threatening To Bomb El Capitolio
(DBN)

Is Congress Going To Bailout Puerto Rico?
(DBN)

Goldman Sachs' Strongman in Puerto Rico
(DBN)

Gathering storm clouds for Puerto Rico
(DBN)

Donald Trump Upsets Puerto Rico Officials With Tweets Trump rejects push to help solve Puerto Rico debt crisis
(DBN)

Puerto Rico faces bank closure, privatizations amid crisis
(DBN)

Puerto Rico Government Development Bank to Liquidate
(DBN)

Puerto Rico's middleman to the White House, Corey Lewandowski, may not be delivering results
(DBN)

Puerto Rico Board Moves to Mull Bankruptcy Step to Cut Debt
(DBN)

Puerto Rico faces worse debt crisis than Argentina
(DBN)

Moody's report on San Bernardino isn't big cause for worry
(DBN)

Pittsburgh Tries to Avoid Becoming the Next Flint
(DBN)

'Growth or Insolvency ' – a falsely-framed choice for Chicago?
(DBN)

CT: New money woes darken state's already gloomy budget picture
(DBN)

Mayor: CPS to Stay Open Despite Funding Setback
(DBN)

Mike McGarry: My Plan To Dig Up $50 Million For Hartford
(DBN)

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Oil/Gas:

Oil slips below $52 as U.S. drilling, China worries weigh Oil Under Pressure as Global Inventories Remain Elevated
(DBN)

U.S. Shale Rebound Hobbled By Higher Drilling Costs
(DBN)

Bonanza Creek Energy out of bankruptcy , names new board members Denver oil and gas firm emerges from Chapter 11 bankruptcy
(DBN)

Ultra’s Collateral-Free Bankruptcy Leaves Lenders Confounded
(DBN)

Azure Midstream Files Liquidation Plan Azure Files Amended Plan and Disclosure Statement
(DBN)

More Rigs Don't Mean More U.S. Gas
(DBN)

Trump's offshore oil move already facing legal challenge Trump Orders Review of Offshore Drilling Rules
(DBN)

Oil's Big American Glut Is Resting Elsewhere
(DBN)

Production up, Chevron profits boom Surging Chevron, ExxonMobil Profits Signal Oil Industry Turnaround Exxon signals caution on oil prices even as profits surge
(DBN)

How good is U.S. shale? Not good enough to buoy Weatherford
(DBN)

Oil: "Yet another strong week" for Rig Count
(DBN)

Canadian Oil Patch Shrugs Off Trump's Trade War Threat
(DBN)

______________

Religion:

Montana Catholic officials say bankruptcy ‘best and only way’ to compensate the sexually abused
(DBN)

______________

Aeronautics:

Russia will Resurrect Bankrupt Sea Launch to Compete Against SpaceX
(DBN)

______________

Lehman:

Decade after global financial crisis, fate of another $2 bn from wreckage of Lehman Brothers is about to be determined Lehman Suit Seeks Return of $2 Billion in 'Phantom' Citi Fees
(DBN)

______________

Autos:

GM Runs Into a Dead-End at the Supreme Court
(DBN)

Plaintiffs suing GM still face high bar: Supreme Court setback may not add much to automaker's exposure
(DBN)

Detroit Is Upbeat as Car Sales Slow Down
(DBN)

GM's Q1 Profit Hits Post- Bankruptcy Record
(DBN)

GM supports tax reform, but is still benefiting from old credits
(DBN)

Takata Expected To File For Bankruptcy, Transfer Operations To New Firm Florida judge says car owners in Takata airbag MDL can serve BMW with lawsuit
(DBN)

______________

Student Debt:

Senators want the feds to stop plundering Social Security to repay student loans
(DBN)

______________

Food/Beverage:

The restaurant industry overindulged — and now it’s paying the price
(DBN)

Restaurant Performance Index - April 28
(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 (58 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (75 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)

______________

Marijuana:

Justice Department Says People in Marijuana Business Canýt Use Bankruptcy
(DBN)

The Trump crackdown on legal marijuana probably isn't coming
(DBN)

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Settlements:

Bankruptcy Settlement Rejected Under New SCOTUS Precedent
(DBN)

______________

Discharge:

State Violated Bankruptcy Discharge by Garnishing Wages
(DBN)

Ch. 7 Debtor Can Discharge Recent Credit Card Debts
(DBN)

______________

Automatic Stay:

Order On Liability But Not Damages Is Interlocutory
(DBN)

______________

Plan Confirmation:

Preserving Post-Confirmation Causes of Action – Part 1
(DBN)

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Travel:

United Passenger Dragged Off Plane Won't Have to Pay Taxes on Settlement
(DBN)

Delta backs a pilot caught on video smacking a passenger, says his actions were justified Delta Says Pilot ‘Deescalated’ Fight by Hitting Woman (Video)
(DBN)

Weirdest things flight attendants have seen in their line of duty
(DBN)

______________

Insurance:

Property Insurers Hit By Worst First Quarter in 20 Years
(DBN)

______________

Nuclear:

GA Power And Westinghouse Extend Temp Nuclear Plant Construction Agreement Through May 12 Amid Westinghouse bankruptcy, officials extend agreement to keep Vogtle construction moving
(DBN)

Why nuclear power has no future in California or US
(DBN)

US industry on tenterhooks over Westinghouse: NEI
(DBN)

Southern Co: The Bear Case From a Bull
(DBN)

Westinghouse Meltdown Short-circuits Some Muni Bonds
(DBN)

______________

Defense:

6th Circ says Delfasco can't buy bankrupt competitor until 2019
(DBN)

______________

Climate:

On current trends, the Arctic will be ice-free in summer by 2040 The Massive Climate Changes in the Arctic
(DBN)

______________

Aviation:

Erickson Successfully Completes Financial Restructuring and Emerges from Chapter 11
(DBN)

American Gave Raises, Wall Street is Furious Why Shouldn't American Airlines Give Staff a Raise?
(DBN)

Republic Airways Exits from Chapter 11 Streamlined and Positioned for Long-Term Success
(DBN)

______________

Banking:

FDIC Appointed as Receiver of First NBC Bank
(DBN)

April 2017: Unofficial Problem Bank list declines to 151 Institutions
(DBN)

______________

Corporate Reform:

House Financial Services Committee Holds Hearing on the Financial CHOICE Act of 2017
(DBN)

______________

Agriculture:

U.S. ag cooperative CHS hit by Brazil firm's bankruptcy filing: sources
(DBN)

Bankruptcy rate for farms in Ohio is half of the national rate
(DBN)

The strawberry business is just one example of how Trump’s promises would change the economy
(DBN)

______________

Fraud:

April 2017 Ponzi Scheme Roundup
(DBN)

Salomon Melgen Convicted on All Counts of Medicare Fraud Senator Menendez on the Verdict in Dr. Melgen's Case Doctor convicted of Medicare fraud may testify against New Jersey senator Doctor Connected to Democratic Senator’s Bribery Case Convicted for $100 Million in Medicare Fraud
(DBN)

Is charter school fraud the next Enron?
(DBN)

Feds say ex-CFO "has no remorse" for $300M Ponzi scheme, recommends 93-year sentence
(DBN)

______________

Retailing:

Camping World Holdings wins Gander Mountain bankruptcy auction
(DBN)

Can America’s Department Stores Survive?
(DBN)

Retail Apocalypse: Everything You Need to Know
(DBN)

As shoppers shift online, so do jobs
(DBN)

'Skull Island:' The Epic Battle Between Walmart And Amazon
(DBN)

7 Ways Retailers Can Survive And Thrive
(DBN)

Raphael Toledano’s East Village tenants speak out against shady buyout tactics
(DBN)

There's a booming shadow industry emerging from the retail apocalypse
(DBN)

Is Retail Really Dying?
(DBN)

Retail Slump Pounds Manhattan Landlords
(DBN)

Can the Country's Largest Sports Merchandiser Keep Growing?
(DBN)

Trump has been silent on the biggest crisis facing American workers
(DBN)

Big Box stores leave big holes
(DBN)

How to Survive a Retail Meltdown

Blackstone's GSO snaps up J. Crew debt in restructuring gambit
(DBN)

Why Bankruptcy At Sears Makes Sense For Its Owner
(DBN)

______________

UK:

Insolvency and restructuring is one area of law and practice that stands to be significantly affected by the UK’s departure from the European Union
(DBN)

Personal insolvencies soar to highest level in three years
(DBN)

PM vows to protect pensions from 'irresponsible' bosses
(DBN)

Broke lawyer 'working illegally' banned from every court in Scotland
(DBN)

Bankruptcy risk as 'desperate' councils play the property market
(DBN)

British PM May sets out plans to protect pensions during takeovers
(DBN)

Brexit Could Trigger Crash Worse Than 2008
(DBN)

Brexit: EU Claims It's Europe 1, England 0 EU sets Britain tough divorce terms, slams budget veto
(DBN)

Theresa May Stands Defiant on Brexit Talks, Exposing Rift With EU
(DBN)

British PM May braces for difficult Brexit negotiations
(DBN)

______________

PIIGS:

Will Alitalia Be The Next Legacy Airline Failure? Bailout or bust? Alitalia divides a nation, paralyzes Rome
(DBN)

German Finance Minister Wolfgang Schaeuble says Greece on track to receive delayed bailout Greece 'on target' for May 22 fiscal deal: PM Athens upbeat that deal will be wrapped up soon Greek Gov't Ready to Sign Fourth Memorandum with Creditors Germany's Schaeuble says Greece has made good reforms progress Greeks mark May Day with strike, demos against fresh cuts
(DBN)

______________

Canada:

Alberta Energy Regulator plans to appeal Redwater case to Supreme Court
(DBN)

Alberta sees first drop in bankruptcies in more than a year
(DBN)

Redwater revisited – should the buck stop here?
(DBN)

Panic Bank Run Leaves Canada's Largest Alternative Mortgage Lender On Edge Of Collapse
(DBN)

Life After Oil Makes Real Estate Canada's New Economic Crutch
(DBN)

______________

Malaysia:

Cuepacs: Over 49,000 civil servants risk bankruptcy
(DBN)

______________

MENA:

On The UAE’s Heels, Qatar Too Approves A New Draft Bankruptcy Law
(DBN)

______________

China:

China April manufacturing growth slows faster than expected
(DBN)

China leverage rising at 'alarming pace': central bank official
(DBN)

China Official Nonmanufacturing PMI 54.0 in April Vs. 55.1 in March
(DBN)

______________

Australia:

Record numbers under mortgage stress
(DBN)

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