May 12, 2017

The Daily Bankruptcy News

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Law:

Was The Dewey Trial Fair?
(DBN)

Report: Law firm expenses outpace revenue in Q1
(DBN)

Weil Gotshal Benchslapped Over Fee Request
(DBN)

Big Law Clings to ‘Guild-Like Veneer’ As ‘Super Rich’ Firms Pull Away
(DBN)

To All the Single Ladies
(DBN)

Sean Lacey to Join Kirkland & Ellis’ Restructuring Group in London

In-house legal ops folks are bringing home the bacon without ever having earned a JD, survey finds
(DBN)

4% decline in jobs requiring bar passage for law class of 2016, ABA employment data shows
(DBN)

BigLaw firm drops performance reviews in test program; female associates are particularly pleased Hogan Lovells ditching annual performance reviews
(DBN)

Higher percentage of new law grads are getting jobs, but class sizes are down
(DBN)

Booz Allen's Top Lawyer on Her Business Side Passions
(DBN)

The Future of M&A Under President Trump
(DBN)

UK: NQ pay war hots up as White & Case matches Shearman at £105k
(DBN)

Fannie CEO's Dating of GC Prompts Call to Consider His Firing
(DBN)

James Comey May Find Soft Landing in Big Law
(DBN)

Using unencrypted email in client communications not always enough, ethics opinion indicates
(DBN)

Jeff Sessions’s Role in James Comey’s Firing Trump admits Russia probe played into Comey’s firing Rosenstein pressed White House to correct the record on Comey firing Deputy AG Rosenstein unhappy in White House ‘environment where facts aren’t accurately reported’: report Trump Wanted a Public Execution - The president fired James Comey via letter Joe Scarborough implores GOP to do something about ‘mind-boggling’ Trump admissions about Comey A (very reluctant) defense of Trump’s firing of Comey Comey Firing Could Wake a Constitutional Wolf Current and former FBI officials dispute Trump account of meeting with FBI director Trump Weighs Ex-Congressman Rogers, New York’s Kelly to Lead FBI Trump: 'Regardless of Recommendation, I Was Going to Fire Comey' Trump Wants to Control FBI: Not Good
(DBN)

Trump to launch review of federal election process to examine his claims of voter fraud Tangled Web of the False Claims of Voter Fraud
(DBN)

Fox News Has Spent $45 Million on Harassment Settlements Since Mid-2016
(DBN)

Confederate Statues Roil New Orleans
(DBN)

ACLU files information request after Trump signs executive order for election integrity commission
(DBN)

Power Niche Marketing: My Most Awkward Article — Terminating Non-Optimal Client Relationships
(DBN)

Partner sues for dissolution of law firm known in New York for its catchy jingle
(DBN)

Top Abercrombie Lawyer Sounds Off on VW, Saying CEO is Not the Client
(DBN)

Weil partner gave trainee n--- piggyback rides
(DBN)

Deposition delay granted in abuse case so job-hunting official can attend the Indianapolis 500
(DBN)

Third judge could block revised Trump travel ban Trump Ordered to Turn Over Giuliani Memo in Travel Ban Suit
(DBN)

BigLaw partner traded on secret client docs, prosecutors say
(DBN)

Disgraced Bikram Yoga founder sanctioned for stonewalling ex-attorney's efforts to to get $6.7M he owes her
(DBN)

Former Jerry Sandusky atty in prison for stealing client funds will be resentenced
(DBN)

Lawyer for man dragged from United flight isn’t laughing at viral New Yorker cover
(DBN)

Help select the winner of the 2017 Harper Lee Prize for Legal Fiction
(DBN)

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Judges:

Merrick Garland for FBI director? Republican senator raises the possibility with a tweet Welcome to the most amazing Republican troll job yet
(DBN)

President Trump Nominates Judges Even He Could Love
(DBN)

Justice Kennedy, don't abandon your legacy
(DBN)

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Wall Street:

US stocks poised to open lower, with spotlight on retail sales
(DBN)

Stocks close lower as retail tanks; Macy's plunges 17%
(DBN)

Why you shouldn’t wait for recessions to sell (or buy) stocks
(DBN)

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Layoffs:

BT Cuts 4,000 Jobs
(DBN)

Brockton foresees 344 school cuts
(DBN)

Convergys to lay off 160
(DBN)

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Retailing:

Woes deepen at US department stores
(DBN)

7 Shoe Companies Feeling the Impact of Retail Bankruptcies
(DBN)

Macy's just confirmed the end of department stores as we know them Macy's Earnings Aren't Necessarily Retail's Future Macy's is tumbling after same-store-sales whiff Macy's might shut down more stores
(DBN)

The CEO of Sears says the nearly bankrupt company doesn’t need more customers Lampert Takes A Stand
(DBN)

Department stores are taking a bath after earnings
(DBN)

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Politics:

What Happens to the FBI's Russia Investigation Now?
(DBN)

I'm Sorry. Did Trump Just Call Comey a 'Showboat' and 'Grandstander'? White House's FBI Story Unravels We now know more about the final straw that drove Trump to fire Comey Most Americans say it was inappropriate for Trump to fire FBI's Comey FBI's acting director rebukes White House claim that the FBI 'lost confidence' in Comey The Washington Post issued a strange correction about Spicer hiding in the White House bushes Senate Intel Leaders Defend Comey From Trump’s Attacks McCabe Knocks Down White House Talking Points on Comey, Russia Probe McCabe Contradicts Trump Claim Comey Lost Support of Agents Trump explains why he ousted Comey quickly — but waited to fire Flynn Trump backs full investigation into Russian meddling in election Trump's Coming War with the FBI Trump denies any links to Russia: 'No loans, no nothing'
(DBN)

Trump: I might release my tax returns 'after I'm out of office'
(DBN)

Merkel to Trump on NATO: Pound Sand
(DBN)

Former House Democrat Corrine Brown Found Guilty of Tax Fraud
(DBN)

The Problems With the FBI’s Email Investigation Went Well Beyond Comey
(DBN)

Americans Hold Record Liberal Views on Most Moral Issues
(DBN)

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Shipping:

On an even keel? Consequences of consolidation in the container liner sector
(DBN)

KDB issues refund guarantee for Daewoo's latest deal
(DBN)

Rickmers schedules new bondholder vote on revamp plan
(DBN)

Yang Ming expected to remain in the red as industry confidence remains weak
(DBN)

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Student Debt:

Race, Gender & Paying for College: Who Bears the Burden of Student Debt?
(DBN)

The student loan system is so complicated even those writing the laws have trouble figuring it out
(DBN)

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Economy:

Weekly Initial Unemployment Claims decrease to 236,000
(DBN)

Annual Initial Weekly Unemployment Claims Since 1971
(DBN)

U.S. labor market tightening; inflation pressures building
(DBN)

Friday's retail sales could show whether the economy is bouncing back
(DBN)

Jump in hotel, airline, food costs may signal higher prices coming for consumers
(DBN)

Morgan Stanley says risk of a recession has decreased to 1-in-4 odds
(DBN)

Trump Explains Economics to The Economist Trump says he 'came up with' a phrase that has been around for centuries The Hilarity of The Economist Interview Behind Trump’s ‘prime the pump’ gaffe is a bunch of real news
(DBN)

Senate confirms Trump's pick for US Trade Rep
(DBN)

United States Gross Domestic Product by Region 2016
(DBN)

Courting trouble: Why Trumponomics won’t make America great again
(DBN)

'Trumponomics,' in Trump's own words, comes down to one thing — trade
(DBN)

A Military Surge Would Push US War Costs in Afghanistan Over $2.16 Trillion
(DBN)

LA area Port Traffic increased in April
(DBN)

Hotels: Occupancy Rate Increases Year-over-Year
(DBN)

Women are about to control a massive amount of wealth but can’t find anyone to manage it
(DBN)

How Much Does the Tax Man Take From Your Paycheck? It Depends Where You Live
(DBN)

Mexico warns US of alternatives on trade, points to China Mexico Called Trump's Bluff on NAFTA
(DBN)

US Strikes China Trade Deal, Issues Remain
(DBN)

Trump Plan for Trillions to Rich is Unpopular
(DBN)

Saudis to Put $40Bn in US Infrastructure
(DBN)

Another Study Shows Wage Theft in America
(DBN)

Getting Mad at the Wrong Trump Economic Blunder
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Who Knew? An Absolute Assignment of Rents Can Be Absolute
(DBN)

Mortgage rates edge higher but remain within a narrow band
(DBN)

Fannie, Freddie Almost Out of Money FHFA director: Next year, taxpayers will foot any Fannie, Freddie losses
(DBN)

Kmart Confronts Possible Bankruptcy , Landlords Wary
(DBN)

Homebuilders switch gears, look to starter homes
(DBN)

____________

Municipalities:

Puerto Rico Debt Donnybrook Kicks Off With Default Squabble
(DBN)

Hedge Funds Vie With Puerto Rico Workers Over Getting Paid First
(DBN)

Repealing CILT would be disastrous for Puerto Rico
(DBN)

In the midst of bankruptcy, both the House of Representatives and the Senate of PR have approved pork totaling $ 23,588,920.48
(DBN)

U.S. Virgin Islands utility to test bond market
(DBN)

Texas Senators Announce New Pension Deal – Dallas Retirees Worry
(DBN)

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Oil/Gas:

OPEC sees more oil supply outside the group, countering its cuts
(DBN)

GulfMark outlines plans to file for pre-packaged bankruptcy under Chapter 11
(DBN)

Seadrill: Bad News
(DBN)

Wilbur Ross says a very dumb thing about the oil business
(DBN)

Here’s why OPEC might just let the deal on oil output cuts collapse
(DBN)

U.S. shale oil boom is actually ‘OPEC’s friend,’ says Goldman’s Currie
(DBN)

OPEC to US: Don't Pump So Much Oil
(DBN)

Services costs expected to rise in Permian Basin
(DBN)

U.S. Shale Spending Dwarfs Competition: Grows 10 Times Faster
(DBN)

______________

Food/Beverage:

Millions of shoppers are abandoning Whole Foods — and it's not just because of high prices
(DBN)

Marsh Supermarkets files for Chapter 11 bankruptcy protection How Marsh ended up in bankruptcy Marsh hasn't paid some bills in months As Marsh Files For Bankruptcy , Even Profitable Stores May Close
(DBN)

Central Grocers' bankruptcy signals trouble for 'dinosaur' supermarkets
(DBN)

Cosi Inc Emerges From Chapter11 Bankruptcy
(DBN)

______________

Banking:

First NBC's parent company files for bankruptcy, says it owes creditors $65 million
(DBN)

Wells Fargo Doubles Cost Slashing as Scandal Spurs Tech Push
(DBN)

More US Banks are Failing. Worried Yet?
(DBN)

______________

Aviation:

The super-connector airlines face a world of troubles
(DBN)

New Etihad boss to rethink strategy after Alitalia dream fails
(DBN)

National Air Cargo Founder Offers to Pay Its Debts
(DBN)

______________

Religion:

Clergy abuse victims favor survivors' compensation plan over archdiocese proposal Archdiocese bankruptcy reorganization plan rejected by sex-abuse survivors
(DBN)

______________

Football:

Ex-Arena football owner gets 3 1/2 years in prison for fraud
(DBN)

______________

Electricity:

Elliott sues Energy Future for chance to offer bankruptcy alternatives Elliott Sues to Open Up Energy Future Bankruptcy
(DBN)

Panda Temple I plant files for Chapter 11 bankruptcy
(DBN)

______________

Nuclear:

TVA awards $450 million contract to Westinghouse despite its bankruptcy
(DBN)

Contractor bankruptcy looms at Georgia nuclear plant hearing
(DBN)

Reports of impending Toshiba bankruptcy raise new doubts about S.C. nuclear project
(DBN)

Southern Company: ‘Weeks’ before we’ll know cost of Plant Vogtle
(DBN)

Georgia May Seek White House Help to Get Nuclear Reactors Done
(DBN)

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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 (33 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (19 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)

______________

Bankruptcy Statistics:

Chapter 11 Filings Continue To Soar For Retailers; Healthcare May Be Next
(DBN)

______________

Avoidance Actions:

New Jersey Supreme Court Overturns Appellate Court Ruling on Fraudulent Transfer
(DBN)

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Sales:

In re Lutz – A Value’d Decision Under Section 363(f)(3)
(DBN)

______________

Corporate Governance:

Chancery Court Permits Limited Partners’ Claims Against General Partners To Proceed Despite Ongoing Bankruptcy Of The Partnership
(DBN)

Scholarship on Duties of Corporate Officers
(DBN)

______________

Jurisdiction:

U.S. Supreme Court and Its Private Rights v. Public Rights Problem in Bankruptcy (Spokeo v. Robins)
(DBN)

______________

Pensions:

Recent Developments in US Law Affecting Pension and OPEB Claims in Restructurings
(DBN)

______________

Insurance:

Insurance agent accused of stealing funds, declaring bankruptcy
(DBN)

______________

Healthcare:

Oconee Regional hospital files for bankruptcy protection Hospital sold, filed for bankruptcy protection
(DBN)

Legal battles over Merced Health Clinic ramp up. Clinic files for bankruptcy
(DBN)

How Forest Park Medical Center buckled under Obamacare
(DBN)

Why So Many Insurers Are Leaving Obamacare?
(DBN)

Obamacare's crushing cost to some families: 49 percent price hike since 2014, premiums of $14,300
(DBN)

Healthcare Surges as Top Problem in US
(DBN)

Brooklyn clinic owner gets 10 years for "massive" Medicare fraud scheme
(DBN)

Trump: I Can End Obamacare Health Insurer Subsidies ‘Anytime I Want’
(DBN)

______________

Fraud:

NYC restaurateur Hamlet Peralta admits to $12 million fraud scheme just days before trial
(DBN)

Why credit and debit card fraud alerts have spiked
(DBN)

How US Retirees Lost Thousands to Fraud
(DBN)

______________

Travel:

United evacuates Houston flight after scorpion spotted
(DBN)

______________

Autos:

Discounted Cars Benefit Buyers, but May Spell Trouble for Industry
(DBN)

Judge Approves VW 3.0 Liter Diesel Settlement
(DBN)

______________

Climate:

It's now 'inevitable' that American West will lose all of its glaciers
(DBN)

______________

UK:

'Smooth' Brexit should ensure solid UK growth: BoE's Carney
(DBN)

Insolvency Service Enforcement Outcomes Annual: 2016/17
(DBN)

London Landlord Home Sales Plummet as Taxes Slash Returns
(DBN)

U.K. finance tackles ‘high functioning’ drink and drug addicts
(DBN)

UK Needs to Wake Up to Brexit Dangers
(DBN)

______________

PIIGS:

Greece says wrapping up bailout review will help it beat growth forecasts
(DBN)

______________

Canada:

Bankrupt by cancer
(DBN)

Home Capital its Future is Uncertain amid run on Deposits
(DBN)

______________

Belgium:

Changes to insolvency regime proposed
(DBN)

______________

Brazil:

Brazil's Triunfo eyes creditor deal to sell assets, sources say
(DBN)

______________

Netherlands:

Dutch bankruptcy rate hits a nine-year low as economy continues to grow
(DBN)

______________

India:

Rosneft's $12.9 bln Essar Oil deal held up over debt issues
(DBN)

______________

New Zealand:

Bankruptcy: Court clarifies its powers to approve payment proposals
(DBN)

______________

Singapore:

Noble Shares Plunge to New 15-Year Low
(DBN)

______________

Azerbaijan:

Azerbaijan's biggest bank suspends some debt repayments Top Azeri Bank Halts Debt Payments, Plans Restructuring Deal
(DBN)

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