May 19, 2017

The Daily Bankruptcy News

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Law:

Proskauer attorney can proceed as "Jane Doe" in $50 million gender bias suit
(DBN)

‘Biglaw Idol’ — Or, How In-House Lawyers Actually Select Outside Counsel
(DBN)

Seyfarth Layoffs: Confusion And Chaos Reign
(DBN)

4 times mouthing off put lawyers in hot water
(DBN)

Forshey Prostok Beefs Up Attorney Ranks
(DBN)

How can in-house teams get more bang for the buck?
(DBN)

Blind prospective law student files suit alleging discriminatory questions on LSAT
(DBN)

Georgetown Law’s EPIC Grade Screw-Up
(DBN)

Setting the CLOC forward on operational excellence
(DBN)

Rosenstein knew Comey would be fired before memo, senators say Deputy AG tells senators he knew Comey was fired before he wrote memo James Comey reportedly rebuffed Trump's attempts to get chummy Traders misinterpret a Comey video that they think clears Trump
(DBN)

Lieberman is Leading Contender for FBI Chief
(DBN)

Does scope of Robert Mueller’s investigation into Russian influence include obstruction of justice? Here are the differences between a special counsel, a special prosecutor, and an independent counsel The History Of Appointing Special Counsel Special Counsels And The Javert Complex Special Counsel Can Examine Trump From All Angles Trump says appointment of special counsel 'hurts our country terribly' Probe by US special counsel is a criminal investigation, Democratic senator says The Trump-Russia Investigation Could Clog Up DC for Years
(DBN)

Trump Meets with Lawyers at White House
(DBN)

Fliplet report digs into law firms' mobile apps
(DBN)

Can Jeff Sessions Be Independent?
(DBN)

What Would It Actually Take to Impeach Trump?
(DBN)

Federal judge orders special master to investigate federal prosecutors after hard drive is erased
(DBN)

Tulsa police officer acquitted in fatal shooting of unarmed man
(DBN)

13 habits to give up if you want to be more confident
(DBN)

Casetext Expands Its CARA Research Assistant, Adding Suggestions Of Relevant Briefs
(DBN)

Megyn Kelly said an 'underground army of women' at Fox News helped oust Roger Ailes for sexual harassment Fate of Ailes harassment lawsuits unclear after his death
(DBN)

Meet The D.C. Law Student Who Came To The Rescue Of A Biglaw Partner
(DBN)

Looking Back On A Year Of Crowdfunding
(DBN)

Oklahoma unintentionally adopts loser-pays system for attorney fees in civil cases
(DBN)

New Guidelines: ABA On Email And NYSBA On Social Media
(DBN)

‘Better Call Saul’ Excels With ‘Chicanery’
(DBN)

BigLaw partner pays £130k to settle claim she swindled cousin
(DBN)

President Obama became the first president since Carter to leave the White House with a smaller federal prison population than when he took office.
(DBN)

Bonkers Law Firm Website: Tie me up, tie me down
(DBN)

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Judges:

Appointment of U.S. Bankruptcy Judge for the District of Colorado
(DBN)

BK ND IN: Judge named to bankruptcy court
(DBN)

New Bankruptcy Judgeship Bill Passes U.S. House
(DBN)

SCOTUS for law students: Waiting for Gorsuch
(DBN)

Former judge gets probation for offering beer and $100 for his wife’s texts to an FBI agent
(DBN)

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Wall Street:

Wall Street aims for another positive session, as U.S. politics take a breather
(DBN)

Trump storm strikes global stocks again, dollar steadies
(DBN)

George Soros has added to his losing bets against the stock market
(DBN)

The one number that shows Wall Street’s faith in Trump is imploding
(DBN)

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Layoffs:

The Jobs that Weren't Saved
(DBN)

Xerox to cut 177 jobs
(DBN)

EPA to set aside $12 million for buyouts in coming months
(DBN)

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Retailing:

Three zombie retailers in danger of disappearing
(DBN)

Walmart just proved it's immune to the retail apocalypse
(DBN)

Wal-Mart's Online Sales Soar as Retail Giant Pursues Amazon
(DBN)

As sales slide again, Target looks to gain from rivals’ bankruptcies
(DBN)

Retailers are turning out the lights
(DBN)

Sears CEO Eddie Lampert hasn't acknowledged the extent of his company's problems
(DBN)

Here's what brick-and-mortar retailers need to do, according to one analyst
(DBN)

How to Close a Store
(DBN)

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Banking:

Deutsche Bank wants former bosses to share past misconduct costs
(DBN)

Treasury Secretary says Trump has approved new bank regulator
(DBN)

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Electricity:

Texas regulators still opposed to NextEra's $18 bln Oncor deal Texas official 'unpersuaded' by request to reconsider NextEra's $18.7 billion offer for Oncor
(DBN)

FirstEnergy says its power-plant subsidiary could go bankrupt
(DBN)

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Healthcare:

Non-Profit Hospital Can Sell Assets Free, Clear in Ch. 11
(DBN)

What vital information is missing when doctors discuss cancer with patients? Cost
(DBN)

Mom Faces Bankruptcy After Birth Complications Land Her in Insurance Hell
(DBN)

The GOP's bill to repeal Obamacare has hit a bizarre, unexpected snag
(DBN)

Trump Extorted Insurers on Health Care Bill
(DBN)

Right or Privilege? What Everyone Gets Wrong About Health Care
(DBN)

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Education:

UW System considering settlement with creditors of troubled UW-Oshkosh Foundation
(DBN)

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Debt Collection:

Can this blob help people fight debt collectors?
(DBN)

No Documented Procedures, No Bona Fide Error Defense
(DBN)

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Gambling:

Caesars Plans New Las Vegas Developments After Bankruptcy Exit
(DBN)

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Nuclear:

Westinghouse responds to push to make nuclear contract details public
(DBN)

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Economy:

US jobless claims fall; mid-Atlantic factory activity jumps
(DBN)

Weekly Initial Unemployment Claims decrease to 232,000
(DBN)

9 years after recession began, some states still unrecovered
(DBN)

Philly Fed: "Regional manufacturing activity continued to expand" in May
(DBN)

Americans have more debt than ever before — here's what it looks like ‘We owe, we owe…’ — How Americans got into $13 trillion of household debt
(DBN)

The Consumer Debt Blind Spot
(DBN)

How a little Trump bullying may steer the global economy from another meltdown
(DBN)

White House pulls NAFTA renegotiation trigger
(DBN)

Economic Uncertainty Index Worse Than '08
(DBN)

Intermarriage in the U.S. 50 Years After Loving v. Virginia
(DBN)

Treasury's Mnuchin concerned about alternate scoring models of Trump tax plan
(DBN)

Trump Aims to Balance Budget With Deep Cuts, Bullish Growth Projections
(DBN)

Groups funded by the Koch brothers launch campaign to support Trump tax proposals
(DBN)

GOP has no tax plan B without border adjustment, Illinois rep says
(DBN)

US Treasury pledges no special treatment for Trump in investment reviews
(DBN)

Why U.S. Ponders Going Long on 'Methuselah' Debt
(DBN)

US fails to reassure Europe, Japan about 'Trumponomics'
(DBN)

Should the Government Guarantee Everyone a Job?
(DBN)

The Best & Worst Paying Jobs of America by State
(DBN)

IBM Ends Telecommuting for Employees
(DBN)

Trump’s budget calls for hits on federal employee retirement programs
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

MD Ala. Holds Servicer Did Not Violate Discharge By Sending Periodic Statements, NOI, Delinquency Notices, Hazard Insurance Notices
(DBN)

Mnuchin expects Fannie and Freddie to keep sending profits to the US Treasury
(DBN)

Rents in San Francisco — and these 4 other cities — are getting slashed like crazy
(DBN)

Los Angeles urges 9th Circ to revive lending bias claims against Bank of America, Wells Fargo
(DBN)

How Retail Landlords Could Benefit from Bebe Stores’ Closings
(DBN)

New York unveils $20 billion plan to fight homelessness, boost affordable housing
(DBN)

Genworth: First-time homebuyers just don’t understand down payments
(DBN)

Sacramento Housing in April: Sales down 3%, Active Inventory down 16% YoY
(DBN)

Freddie Mac: Mortgage rate decrease expected to continue
(DBN)

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Municipalities:

Battle Between Bondholders Taking Shape in Puerto Rico
(DBN)

Puerto Rico: a bankruptcy or sovereignty crisis?
(DBN)

Questions for: ‘Amid Puerto Rico’s Fiscal Ruins, a New Push for Statehood’
(DBN)

Puerto Rico Bankruptcy: More on Audio
(DBN)

The Detroit Success Story Visible From Space
(DBN)

Detroit’s DIY Cure for Urban Blight
(DBN)

There's a place in America where (almost) no one drinks their tap water — and this time it isn't Flint
(DBN)

Connecticut, the nation’s wealthiest state, may be tapped out on taxing the rich
(DBN)

Emanuel's short-term CPS fix? More borrowing
(DBN)

The cities where college grads can find jobs without going broke
(DBN)

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Oil/Gas:

GulfMark Files for Bankruptcy Protection to Cut Debts
(DBN)

U.S. Shale Just Won’t Die: Bankrupt Drillers Rise Again
(DBN)

Fracking is encroaching on US nuclear-missile sites, general says
(DBN)

Shale's Lesson For Creditors And Debtors
(DBN)

As Breakeven Prices Converge An Oil Price Crash Nears
(DBN)

OPEC panel looking at deepening, extending oil cuts: sources
(DBN)

Is There Light at the End of the Tunnel for O&G Companies?
(DBN)

Another bankruptcy in the offshore services sector
(DBN)

Tidewater Filed For Ch.11 Bankruptcy - Some Insight
(DBN)

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Politics:

Our Dishonest President Why Trump Lies Trump’s Authoritarian Vision Trump’s War on Journalism Conspiracy Theorist in Chief California Fights Back 'This is bad news for Trump': The FBI's new special counsel could spell serious danger for the White House Furious Trump breaks Twitter silence with misspelled tweet complaining about ‘illegal’ Obama acts 'What does Flynn have on Trump?': Flynn indicated he had a story to tell — and Trump has been eager to defend him Michael Flynn won't honor Senate subpoena, his lawyer says Flynn and Russian ambassador worked to set up back channel between Trump and Putin to bypass US government Michael Flynn And The Lessons Of Oliver North Report: Flynn stopped military plan Turkey opposed -- after being paid as its agent Morning Joe panel hints Flynn turned on Pence: ‘He had a story to tell — he’s now starting to tell that story’ Trump has become the 'principal witness' against himself Trump loyalists pay little heed to revelations rocking DC White House staffers are planning their exit strategies US spies caught Russian officers bragging about causing chaos in the election 6 months before the vote Time magazine's latest cover illustrates Trump's White House transforming into a Kremlin-like building The Self-Pitying President Trump Associate: He'll Probably Just Resign
(DBN)

Trump, Aides, GOP Work to Modernize Gov't
(DBN)

If Trump Lost Ann Coulter, That's a Problem
(DBN)

The Case for Dumping Trump Rests With His Supporters Trump’s Approval Sinks Further Amid Avalanche of Bad Headlines
(DBN)

What Does the President Owe, and to Whom Does He Owe It?
(DBN)

Trump can't land helicopter on ancient fortress, cancels visit
(DBN)

Uber Threatens to Fire Levandowski
(DBN)

Fox News Host Won’t Take Over for Sean Spicer After All
(DBN)

Joe Biden just made a stunning admission about Hillary Clinton's 2016 election bid
(DBN)

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Religion:

St. Paul-Minneapolis archdiocese back in bankruptcy court Thursday
(DBN)

Judge takes issue with legal fees in archdiocese bankruptcy Judge laments $15M in legal fees in St. Paul-Minneapolis archdiocese bankruptcy
(DBN)

More Americans are Atheists Than Thought
(DBN)

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Debt Collection:

Consumer claims collection agency attempted to collect despite bankruptcy
(DBN)

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Autos:

4 automakers pay $553 million to exit Takata airbag MDL Toyota, Subaru, Mazda and BMW reach a settlement with drivers over faulty Takata air bags Have an exploding airbag? You might get $500
(DBN)

Tesla: How is Losing Money a Strategy?
(DBN)

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Non-Profits:

After bankruptcy, UMOM takes over Tumbleweed for $1M
(DBN)

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Telecoms:

Frontier: Headed For Bankruptcy Or Not?
(DBN)

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Maritime:

Rickmers warns of insolvency if bondholders reject restructuring plan
(DBN)

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Corporate Reform:

The Trump administration's plans to crack down on Wall Street are being called into question
(DBN)

Treasury to call for rolling back banking regulations
(DBN)

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Student Debt:

400,000 were promised student loan forgiveness. Now they are panicking
(DBN)

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New Bankruptcy Opinions
(7 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (38 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (2 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)

LACBA Event – Judge Ernest M. Robles: Pet Peeves and Best Practices 6/15/17
(DBN)

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TBTF:

U.S. Treasury's Mnuchin: "We do not support breaking up banks" Mnuchin: Trump never favored Glass-Steagall and won't break up banks
(DBN)

Sen. Warren blasts Treasury Sec. Mnuchin for double-speak about wanting '21st Century Glass-Steagall'
(DBN)

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Proofs of Claim:

Supreme Court Finds for Midland Funding, Rejecting FDCPA Lawsuits Based on Bankruptcy Proofs of Claim for Out-of-Statute Debts
(DBN)

Out of Time, Not Out of Luck: Supreme Court holds POCs for Time-Barred Debt are OK under FDCPA
(DBN)

Important U.S. Supreme Court Ruling Clarifies Proper Pursuit of Debt in Bankruptcy Proceedings
(DBN)

Filing Bankruptcy Proof of Claim on Time-Barred Debt Does Not Violate FDCPA, U.S. Supreme Court Rules
(DBN)

Supreme Court Watch: Debt Collector Filing Bankruptcy Proof of Claim for Time-Barred Debt Avoids FDCPA Liability
(DBN)

U.S. Supreme Court: Stale Claims, Attorneys and Trustees in Chapter 13 & Dissent’s Call for Congress to Overrule (Midland Funding v. Johnson)
(DBN)

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Finance:

The real story behind the C&I lending slowdown
(DBN)

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Structured Dismissal:

Re-“Structuring” Dismissal Flexibility
(DBN)

Constellation’s Settlement Curtailed after Jevic
(DBN)

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Ch. 12:

Crushed: Gravel Business Not Eligible for Farmer Bankruptcy
(DBN)

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Litigation:

Delaware Bankruptcy Court Denies Creditors’ Committee Access to Privileged Documents
(DBN)

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Corporate Governance:

The Steadfast Refusal of the Delaware Courts to Grant Creditors Quasi-Standing to Assert Fiduciary Claims at Insolvency
(DBN)

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Solar:

Bankruptcy judge has 'some problems' with SunEdison exit plan
(DBN)

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Fraud:

In tumult of Trump, Jon Corzine seeks a Wall Street comeback After Surveying A World Plunged Into Perpetual Chaos And Fear Jon Corzine Decides To Start Managing Money Again
(DBN)

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Lehman:

The Giddy Messages Citi Traders Sent While Lehman Died
(DBN)

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Insurance:

D&O Insurance is Important for Private Companies, Too
(DBN)

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UK:

Supreme Court: higher ranked creditors' right to interest out-ranks subordinated creditors' claims
(DBN)

Crooked lawyer faces bankruptcy over £250k debt as self-styled shark becomes encircled by his creditors
(DBN)

Eighties comic and I'm a Celebrity star Tommy Cannon is declared bankrupt
(DBN)

Theresa May's plan to cut student immigration adds 'an additional level of madness' to her Brexit plans
(DBN)

The 'best guess' for the Brexit divorce bill is 'somewhere around the €30 billion mark' — half of what Juncker proposes
(DBN)

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EU:

EACTP debates draft Business Insolvency Directive in Brussels
(DBN)

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PIIGS:

ie: High Court could disqualify directors who traded 'hopelessly insolvent' firm
(DBN)

Greeks Protests for 2nd Day Ahead of Major Austerity Vote Protests in Greece continue over planned cuts to incomes Greece's Parliament Has Just Approved Even More Austerity There Is Resistance to Debt Relief, Papaconstantinou Says Greek parliament approves more austerity to unlock bailout funds, debt relief
(DBN)

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Canada:

Bubble bath: The end of Canada’s housing boom?
(DBN)

Perfection of security interests when assets move jurisdictions
(DBN)

Pemberton Music Festival canceled after filing for bankruptcy How to get a ticket refunded from Pemberton Music Festival Shock for fans as Pemberton Music Festival declares bankruptcy
(DBN)

Canada oil industry get $173 mln loan to clean up abandoned wells
(DBN)

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Brazil:

Brazilian markets are getting slammed, and Wall Street firms are hurting
(DBN)

These US stocks have the most at risk from the emerging Brazil crisis
(DBN)

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Singapore:

Maritime sector needs help to ride out storm
(DBN)

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Hong Kong:

Short sellers brave the Hong Kong market once again
(DBN)

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MENA:

Chipping away at the personal debt problem
(DBN)

Pakistan seek lawmakers support to shut down PIA by declaring it 'bankrupt'
(DBN)

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Venezuela:

U.S. sanctions Venezuelan Supreme Court justices after they’ve usurped rule of elected congress
(DBN)

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Australia:

Taking stock of stocktakes: insolvency practitioners’ entitlement to incentive fees
(DBN)

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Azerbaijan:

Bank Default Traps Pension Fund in Azeri Debt Restructuring
(DBN)

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South Africa:

Eskom debt-recovery team 'makes progress' with councils
(DBN)

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India:

Insolvency and Bankruptcy Code: Here’s why resolution must be strictly time-bound
(DBN)

State Bank of India arrests rise in bad loan ratio
(DBN)

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China:

China faces 'acid test' over credit bubble
(DBN)

The Worst May Not Be Over for Chinese Corporate Bonds
(DBN)

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Caymans:

The debate on when a Cayman Islands company can seek the appointment of restructuring provisional liquidators continues
(DBN)

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