May 2, 2017

The Daily Bankruptcy News

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Law:

Dewey execs' fraud retrial goes to the jury
(DBN)

DLA Piper Names New Restructuring Partner
(DBN)

With risks rising, firms are being forced to weigh their ransomware options • Law firm sues insurer after ransomware attack
(DBN)

Attorney: Trump Threatened My Family
(DBN)

Real Housewives" star's ex-bankruptcy attorney can't delay malpractice suit
(DBN)

Neil Eggleston on Working for Obama and Returning to Kirkland
(DBN)

Impostor Syndrome: They’ll Figure Out That You’re Not Really That Smart
(DBN)

To Get Ahead as GC, Get Savvy About the Business
(DBN)

You Can Pay Women Less Than Men For The Same Job, As Long As She Was Making Less In Her Old Job
(DBN)

ATL Law Revue Contest — Let The Voting Begin (This Time Without The Cheating)
(DBN)

Ex-Cravath Partner Returns to Big Law; Joins King & Spalding
(DBN)

Another Fox News Executive Steps Down Amid Harassment Allegations
(DBN)

Say Cheese! Big-Law Partner's Instagram Feed Captures Life in the Tasty Lane
(DBN)

Is This The End Of Charlotte Law School?
(DBN)

ABA Task Force Chair: The Problem Of Law School Discounting — And What To Do About It
(DBN)

Wrongly convicted man passes New York bar exam
(DBN)

Ferris Bueller Will Be The Next Preet Bharara
(DBN)

Prosecutors Issuing ‘Fake Subpoenas’ Because They’re Awful People
(DBN)

Prosecutors say Milwaukee jail run by Sheriff David Clarke continued to withhold water as punishment after an inmate died
(DBN)

Balch Springs Police Shooting Ruled a Homicide • Jordan Edwards Killing: Police Chief, on His Claim That Vehicle Was Backing Toward Officers Aggressively, Says ‘I Misspoke’
(DBN)

‘Scathing’ ruling by Houston federal judge finds Harris County’s cash bail system unconstitutional • Federal Judge Strikes Down Houston-Area Bail System
(DBN)

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Judges:

For a Kentucky Judge, “Personal Bias” Against Gays Is a Legitimate Reason to Ignore the Law • Kentucky judge recuses himself from all adoption cases involving same-sex partners • Judge Refuses to Hear Adoption Cases Involving Any "Practicing Homosexual"
(DBN)

Preparing for Justice Kennedy's Retirement
(DBN)

Circuit Court Nominees In The Trump Administration: A Nationwide Round-Up
(DBN)

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Wall Street:

 

Stocks close up, lifted by tech companies and banks
(DBN)

Mohamed El-Erian just hit on a huge contradiction in the market
(DBN)

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Layoffs:

An American jobs threat worse than coal is coming to your hometown
(DBN)

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Healthcare:

Closed Addiction Treatment Center Seeks to Auction Assets
(DBN)

Bankruptcy Clawbacks Create New Headaches for Physicians
(DBN)

D.C.’s troubled United Medical Center may need a taxpayer bailout — again
(DBN)

White House Insists Taxes Can Be Cut While Leaving Medicare Untouched
(DBN)

Trump is making a big promise about his healthcare plan — but it's not in the GOP bill • No, the Republican healthcare bill does not protect preexisting conditions
(DBN)

Obamacare replacement bill still doesn't have votes to pass House
(DBN)

Congressman: Sick People Don't Deserve ACA
(DBN)

Get Well Soon, Healthcare Providers
(DBN)

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Retailing:

Bankrupt Gander Mountain acquired • CNBC star Marcus Lemonis now controls Gander Mountain • Gander Mountain may close many stores
(DBN)

Rue21 and Lenders in Talks Ahead of Likely Bankruptcy Filing
(DBN)

Erdos at Home Files for Bankruptcy ; Asks Court to Allow GOB Sales
(DBN)

A hedge fund is making a big bet on J. Crew, and it could determine whether it avoids bankruptcy
(DBN)

Why Does Billionaire Investor Duo Own 85% Of Sears Holdings?
(DBN)

4 Retail Stocks on the Verge of Bankruptcy
(DBN)

The billionaire founder of a $74 billion fund had a brutal assessment of brick-and-mortar stores
(DBN)

The plan for all those shuttered Sports Authority locations
(DBN)

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Festivals:

The organizers of the doomed Fyre Festival are now facing a $100 million lawsuit • Organizers of the doomed Fyre Festival warned celebrities not to attend, lawsuit claims • Ja Rule and other Fyre Festival organizers have reportedly been banned from doing business in the Bahamas
(DBN)

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Pharma:

Most Americans want the government to negotiate for lower drug prices
(DBN)

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Soccer:

Austria’s oldest soccer club, founded by a Rothschild, faces final whistle
(DBN)

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Coal:

U.S. Congress secures health benefits for coal miners
(DBN)

Coal Country Is Back, Along With Signing Bonuses and Pay Raises
(DBN)

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Celebs:

NASCAR community bands together to aid artist Sam Bass
(DBN)

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Environmental:

Nuverra Initiates Solicitation Of Votes For Its Previously Announced Prepackaged Plan Of Reorganization
(DBN)

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Religion:

Judge recuses self in diocese bankruptcy
(DBN)

Kansas Archdiocese Dumps Evil Girl Scouts
(DBN)

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Taxis:

Internet Taxi Companies May Not Survive
(DBN)

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Politics:

Trump abruptly ends interview after CBS anchor grills him on Obama wiretapping claims • Trump: 'Why was there the Civil War? Why could that one not have been worked out?' • Chelsea Clinton blasts Trump's suggestion that Andrew Jackson would have stopped the Civil War • Civil War Historians Take on Trump • Trump: Civil War Could Have Been Avoided By Big Hearted Andrew Jackson • The government ethics office says it was not consulted about Ivanka Trump's White House position • Trump reelection campaign pulls first 100 days ad amid concerns it may have violated federal law • Trump's Good Cop-Bad Cop Act Is Getting Weird • Arrests made as thousands rally in US for and against Trump • Trump: Bannon Isn't Going Anywhere • Congress set aside $120 million to protect Trump and his family
(DBN)

The Cost of Barack Obama’s Speech • Obama Used White House to Cash In Big
(DBN)

Shadow Cabinet Sinks into the DC Swamp
(DBN)

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Steel:

US Steelmakers Gird for a Challenging Future
(DBN)

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Economy:

Manufacturing sector grows slower than expected, construction spending slips • ISM Manufacturing index decreased to 54.8 in April
(DBN)

Personal Income increased 0.2% in March, Spending increased less than 0.1%
(DBN)

US consumer debt is piling up
(DBN)

The middle class in America is slowly fading away, yet getting stronger in Europe
(DBN)

Bernanke says the much-criticized border adjustment tax has 'a lot of appeal,' but GOP is botching the sell
(DBN)

Ben Bernanke would like some credit for the good times
(DBN)

Report: GOP's border adjustment tax likely to run afoul WTO
(DBN)

Bernanke calls Trump's 3% growth goal a 'long shot' • Former Fed Chair Bernanke: 3% Growth Under Trump 'Not That Likely'
(DBN)

Trump may get that GDP surge he wants this quarter
(DBN)

Ross Blames Congress for Delay of NAFTA Renegotiation • Commerce Secretary • Corporate America had to go into full 'all hands on deck' mode to save NAFTA from Trump
(DBN)

Wilbur Ross called Syria missile strikes 'after-dinner entertainment' at Mar-a-Lago
(DBN)

Treasury Secretary Mnuchin says it will take 2 years for the US economy to grow as fast as Trump promised
(DBN)

Democrats and Trump both failed to get their biggest wish in the $1 trillion budget deal
(DBN)

One move that could solve the GOP’s tax-cut math problem (maybe) • Trump Pours Gasoline on the Tax Fire • Seven Reasons Tax Cuts Won't Be Easy for Republicans • Does Trump Tax Plan Help the Middle Class? We Don't Know • The mad scramble to write Trump's tax plan sounds like it was a mess • White House tax-reform push is 'game changer,' says ex-chairman • Schumer's claim that 'millions would pay more' under Trump's tax plan • Treasury's Mnuchin: Trump's tax plan eliminates all but two loopholes • Trump calls for permanent tax cuts instead of 10-year limit
(DBN)

Commerce Secretary: Trump won’t trade American jobs for China’s help on North Korea
(DBN)

Trump : Infrastructure plan 'largely completed,' coming in 2-3 weeks • Trump says open to raising gasoline tax to fund infrastructure
(DBN)

Here are the winners and losers in the congressional spending deal • Congress blocks money from being spent on everything from phone books to Chinese chicken and dancers
(DBN)

Here's why America's wealth inequality is getting worse
(DBN)

Trump on Corporate Inversion: These People Have No Loyalty To This Country
(DBN)

House is on '80% common ground' with Trump on taxes, Ways and Means chair Brady says
(DBN)

Full Employment Is Good for Rural Americans But Bad for Rural America
(DBN)

(Some) Americans Are Saving (Some) Money Again
(DBN)

The head of the World Bank is pushing a terrifying prediction for jobs in developing countries
(DBN)

The reality of the US economic slowdown is starting to set in
(DBN)

Under political pressure, Infosys says it will hire 10000 American workers • Infosys plans to hire 10,000 U.S. workers after Trump targets outsourcing firms
(DBN)

How to give your children the American Dream if your family had generations of poverty
(DBN)

Fact Check: Poor people pay "in some cases, up to 25 percent of (their) income for water."
(DBN)

Dimon: 'Is that the America we wanted?'
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

UBS Pays $445 Million to Settle Mortgage Securities Probe • UBS strikes $445 million deal with credit union over RMBS
(DBN)

Construction Spending decreased in March
(DBN)

Supreme Court Says Cities Can Sue Banks Over Housing Discrimination • Supreme Court clears the way for cities, including LA, to sue banks over foreclosure crisis • Five justices keep city’s discriminatory lending lawsuit alive • SCOTUS Decision May Fuel Suits Against Banks • Cities need more than foreseeable damages to file fair housing cases against banks, SCOTUS says • Supreme Court Invents New Way To Go After Banks And Predatory Lenders • Cities get limited right to sue for race bias in housing
(DBN)

Loan-servicing company Ocwen Financial explodes higher after unloading a bunch of assets • Massachusetts sues Ocwen over mortgage servicing practices
(DBN)

U.S. mortgage agencies' overhaul may take more than 5 yrs -official
(DBN)

Barclays to pay $16.5 million over RMBS trading violations
(DBN)

19 Percent of Active HELOCs Are Scheduled to Reset in 2017
(DBN)

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Municipalities:

Puerto Rico Debt Gains After Bondholders Reject Governor's Offer
(DBN)

Anticipating Bankruptcy, Puerto Rico's Creditors Make Eleventh Hour Maneuvers
(DBN)

Sales Tax Creditors Kick off Likely Wave of Lawsuits Against Puerto Rico
(DBN)

The Historical Exclusion Behind The Puerto Rico Bankruptcy Crisis
(DBN)

Puerto Rico Eyes Options As It Faces Debt Deadline — Again
(DBN)

Puerto Rico: Just Another Deadline or the Big One?
(DBN)

U.S. Congress to give Puerto Rico short-term Medicaid help • Federal budget bill deal offers $296M for Puerto Rico Medicaid • Agreement is reached for health funds • Exodus By Puerto Rican Medical Students Deepens Island’s Doctor Drain • Puerto Rico GO bonds up on federal healthcare aid as debt deadline looms
(DBN)

Puerto Ricans march in May Day strike as debt deadline nears • Puerto Rico: May Day is also D-Day on island as debt deadline nears • Economic crisis protests escalate in Puerto Rico with general strike • Puerto Rico National Strike Protests 'Colonial' Debt Crisis • The Way Students Strike in Puerto Rico
(DBN)

Governor: 'I see Puerto Rico as a battleground state'
(DBN)

Trump uses Puerto Rico to attack Democrats in budget fight
(DBN)

Residente Joins the Paro Nacional, As Puerto Ricans Seek Answers About $73B Debt
(DBN)

A Year After PROMESA, Congress Isn’t Planning Much to Help Puerto Rico
(DBN)

Former Flint EM: 'My job did not include ensuring safe drinking water'
(DBN)

State prepares to appoint emergency manager for Muncie Community Schools
(DBN)

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Oil/Gas:

Two energy services companies file for Chapter 11 to cut $1 bln in debt
(DBN)

Oil falls 100% of the time a week later when this happens
(DBN)

Tues: Oil Rises From One-Month Low Before U.S. Crude Inventory Data
(DBN)

Mon: Oil Prices Head Lower As Libyan Production Rebounds
(DBN)

Oil Price Optimism Wears Off as Texas Wildcatters Drill On
(DBN)

OPEC Deal Extension Could Be Shorter Than 6 Months
(DBN)

Oil company Permian Resources nears debt-restructuring deal
(DBN)

E&P Bottom Of The Barrel Club
(DBN)

Where oil rigs go to die
(DBN)

America's Largest Oil Refinery Now 100% Saudi Owned
(DBN)

OPEC Deal Backfires: Saudis Lose Market Share To Iran, Iraq
(DBN)

Seadrill - An Overview Of Equity, Bonds And Options
(DBN)

US shale oil alone cannot meet the world's growing demand for crude, Chevron CEO warns
(DBN)

US Supreme Court Rules in Favor of Venezuela in Oil Expropriation Case
(DBN)

The OTC vibe: Last year was a funeral; this year, industry is in the ICU
(DBN)

______________

Nuclear:

Deadline dodged, Southern, SCANA weigh wresting nuclear plants from Westinghouse
(DBN)

Westinghouse Nuclear Energy Killed by Gas, Solar and Wind
(DBN)

How two cutting edge US nuclear projects bankrupted Westinghouse
(DBN)

Westinghouse to miss deadline to firm-up India deal
(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 (48 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (73 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:

Weekly Bankruptcy Claims Trading Activity
(DBN)

Bankruptcy filings drop 7.5 percent in Buffalo and Rochester region in April
(DBN)

Toledo: Bankruptcy filings relatively unchanged
(DBN)

How Does Online Lending Influence Bankruptcy Filings? Evidence from a Natural Experiment
(DBN)

______________

SCOTUS:

High Court to Tackle Circuit Split Over Bankruptcy Code • Supreme Court to hear bankruptcy case
(DBN)

______________

Avoidance Actions:

U.S. Supreme Court Takes Up Bankruptcy Clawback Dispute
(DBN)

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Automatic Stay:

Judge says West Bradford Township did not violate federal bankruptcy code, case dismissed
(DBN)

Third Circuit Affirms Construction Lien Violated Automatic Stay
(DBN)

Landlords Who Violate Bankruptcy Stay May be Ordered to Pay Emotional Distress Damages and Punitive Damages
(DBN)

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Safe Harbors:

Bankruptcy 'Safe Harbor' Protection to Get Supreme Court Review • SCOTUS to hear $16.5 million Centaur Ch. 11 clawback appeal
(DBN)

Exemptions from HSR Filing Requirements in a Bankruptcy Reorganization
(DBN)

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TBTF:

Trump says he's thinking about breaking up the big banks • Big Bank Stocks Drop Sharply After Trump Says He Might Break Them Up • Will Trump ‘do a big number’ and break up the Big Banks? • Trump says he's considering breaking up big banks; bank shares rise • Former Wells Fargo CEO says breaking up big banks would be a mistake
(DBN)

Trump may want to break up big banks, but can he?
(DBN)

Citadel's Griffin Urges Breakup of Big Banks, Echoing Trump
(DBN)

______________

Cross-Border:

Chapter 15 Does Not Prohibit Foreign Representatives From Pursuing State And Foreign Law Avoidance Actions
(DBN)

Mongolian Mining announces entering of order under Chapter 15 of U.S. Bankruptcy Code
(DBN)

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Litigation:

Penalties for Litigation Misconduct
(DBN)

MagCorp bankruptcy trustee on litigation finance: “The only limits are your imagination”
(DBN)

______________

Corporate Reform:

Mnuchin Tells Wall Street: You can thank me for financial deregulation
(DBN)

GOP will get their first crack at dismantling bank rules enacted after 2008 financial meltdown
(DBN)

Volcker Doesn't Want Dodd Frank Repealed
(DBN)

Republicans shift into overdrive to pass Dodd-Frank replacement
(DBN)

This law could prevent the next financial crisis. Lawmakers want it gone
(DBN)

______________

Fraud:

'The Trump University Case is Not Over': Objector to Trump University Settlement Appeals to Ninth Circuit
(DBN)

______________

Travel:

Airlines set for rough day on Capitol Hill
(DBN)

US Issues Travel Alert for Europe
(DBN)

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Banking:

Top banking regulator set to be replaced by Trump
(DBN)

______________

Corporate Governance:

Creditor Barred from Bringing a Derivative Action Against an Insolvent Delaware Limited Liability Company
(DBN)

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Shipping:

Container ships: … nights when the wolves aren't silent
(DBN)

Marco Polo Marine suspends trading as lenders doubt fund injection
(DBN)

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Sovereigns:

Sovereign Bankruptcy Hydraulics
(DBN)

______________

UK:

Merger of three city law firms today marks biggest in UK history
(DBN)

U.K. Manufacturing Growth Surges to Fastest in Three Years
(DBN)

The European Commission is making plans that could threaten 83,000 jobs in the City of London
(DBN)

The Bank of Mum and Dad is the UK's 9th biggest lender and funds a quarter of all mortgages
(DBN)

______________

PIIGS:

Greeks mark May Day with strike, demos against fresh cuts
(DBN)

Greece and its creditors agree to bailout package • Euro rises after Greece agrees bailout deal with creditors • Greece, creditors reach preliminary deal • Greek bond yields steady after bailout reform deal agreed with lenders • Greece, creditors look to debt relief after provisional fiscal deal • Greek Debt-Relief Talks Move Closer After Late-Night Deal
(DBN)

Ailing Alitalia to launch insolvency • Alitalia Starts Bankruptcy Proceedings After Turnaround Fails
(DBN)

Italian Joblessness Unexpectedly Increases as More Seek Work
(DBN)

Italy Is Europe's Next Big Problem
(DBN)

______________

Canada:

Canadian Lender Draws on Emergency Line as Deposits Flow Out
(DBN)

One of Alberta’s largest property development companies seeks court protection following string of losses
(DBN)

______________

Japan:

'Evaporated people' could be disappearing from Japanese society by the thousands
(DBN)

______________

Croatia:

Agrokor Bankruptcy: The Balkan Parmalat, 10 Times Bigger (In Proportion)
(DBN)

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Australia:

One quarter of households in “mortgage stress”
(DBN)

Federal Government loses out on corporate collapse: The case for legislative reform
(DBN)

______________

China:

China's factory output slows to 7-month low
(DBN)

China’s economic miracle has an ugly underbelly
(DBN)

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