May 22, 2017

The Daily Bankruptcy News

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Law:

Judge allows lawyer to sue Proskauer for alleged gender bias under pseudonym; law firm fires back • JAMS ordered to preserve docs alleging Proskauer threatened attorney in $50 million gender bias suit • Should courts allow anonymous suits against law firms?
(DBN)

DLA Piper Grabs Bankruptcy Roles for IP, Industrial Clients
(DBN)

Linklaters boosts London restructuring team with Ropes partner hire
(DBN)

IBM's new Watson tool could slash spend on outside counsel by a third
(DBN)

This Is Why You’re The Only Woman In The Room
(DBN)

Global legal services market continues to grow
(DBN)

3rd Circ won't boot judge of bankruptcy misconduct appeal:
(DBN)

'Even some CC partners don't understand it' - Clifford Chance's lockstep overhaul under scrutiny
(DBN)

WilmerHale's Mueller known as consummate taskmaster • Special counsels aren't as independent as they once were • The Mueller caveat • Congressional immunity grant could ‘muck up’ Mueller probe, says author of special counsel rules • DOJ likely to waive any conflicts involving Mueller and ex-law firm’s clients after review • Former FBI chief Mueller an inspired choice for special counsel
(DBN)

Trump lawyers research impeachment procedures
(DBN)

Deputy AG Stands by Memo on Comey • Who asked Rosenstein to write the Comey memo? He reportedly says it’s part of special counsel probe
(DBN)

That Time James Comey Dropped A Sick Burn On Another Lawyer
(DBN)

Former client says BakerHostetler lied to court to avoid disqualification
(DBN)

Charlotte Law’s License Is Under Review
(DBN)

Law firms finally say: It’s OK to see a therapist • Lawyers - Beware Being Open about "Needing" Therapy
(DBN)

Water Cooler Jokes: Not Cool At All!
(DBN)

Atlanta Big Law Firm Financials Are Here
(DBN)

Northwestern President Again Denounces “Absolute” Free Speech Values And Calls For Some Offensive Speech To Be Treated As Assault
(DBN)

Former law firm securities chief faces fraud indictment
(DBN)

Another call for firms to bulk up cybersecurity coverage in wake of global ransomware attack
(DBN)

NIST Advises Against Periodically Changing Passwords
(DBN)

Firm's Cybersecurity Plan Protected It From Ransomware Attack
(DBN)

Despite Potential Cyber-Risks, Many Keep Office 365 Off Cloud: Report
(DBN)

Indicted Philly DA files slew of motion to limit testimony and to trim claims from case
(DBN)

Young And In Law: How Being A Young Attorney Has Its Advantages And Disadvantages
(DBN)

Eversheds continues growth streak with 8 percent revenue spike
(DBN)

The Airport Lawyers Who Stood Up to Trump Are Under Attack • DOJ Threatens Immigration Rights Lawyers, Demands They Drop Their Clients
(DBN)

Trump’s attorney didn’t want him to certify accuracy of financial disclosure form
(DBN)

12 Business Leaders on How They Handle Stress
(DBN)

Here's how and when men should roll up their shirtsleeves
(DBN)

Passing notes in court? There's an app for that
(DBN)

Illinois attorney censured for hiding death of his client in consumer fraud case:
(DBN)

Judge says attorney's claim of ignorance in skirting scam injunction is "disingenuous"
(DBN)

Anthony Weiner pleads guilty • Will Have To Register As A Sex Offender • Huma Abedin Files for Divorce After Anthony Weiner Guilty Plea
(DBN)

Indicted Philly DA files slew of motion to limit testimony and to trim claims from case
(DBN)

Trump Didn't Turn Over Travel Ban Memo
(DBN)

Closing More Law Schools Won't Solve The Problem; Changing The Model And Delivery Of Legal Education Will
(DBN)

Should La Verne And Other Law Schools With Low First-Time Bar Passage Rates Follow Whittier's Lead And Close?
(DBN)

New Jersey court reprimands atty convicted of false affidavits charge
(DBN)

Former congressman suspended from practicing law for 4 years:
(DBN)

Southern discomfort: New Orleans removes its last big Confederate-era statue • AL: Move to Protect Confederate Statues
(DBN)

Kentucky Woman Accused Of Stealing $26,000 In Girl Scout Cookies
(DBN)

‘I Feel Really Dumb’: Woman Faces Explosives Charge Over Alarm Clock
(DBN)

Attorney accused of using client money as "personal slush fund" gets disbarred
(DBN)

Court: Lawyer Who Gave Himself Award Can’t Sue People Who Reported He Did That
(DBN)

Lawyer Finds Love on Reality TV Show 'The Bachelorette'
(DBN)

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Judges:

BK ED NY: Comments sought regarding the reappointment of Bankruptcy Judge Elizabeth S. Stong
(DBN)

Judge gets 2 years for scheme to bribe FBI agent with 2 cases of Bud Light
(DBN)

Jasper County judge moving to federal bench
(DBN)

One Of Trump’s Judicial Nominees Blogged Under A Pen Name That Ted Cruz Was A “Sore Loser”
(DBN)

R-E-S-P-E-C-T(ing) The Denial Of Rehearing En Banc
(DBN)

Judge slammed after letting brother sit next to him during high profile trial
(DBN)

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Wall Street:

Stocks don't need the Trump bump anymore
(DBN)

______________

Layoffs:

Pelco continues downsizing trend, with layoffs to hit about 200 workers
(DBN)

WSU hits its ‘low point’ with announcement of 71 layoffs
(DBN)

BAE Systems to lay off 300 workers
(DBN)

Cathay Pacific cuts 25% of managerial jobs in bid to stem losses • Loss-making Cathay Pacific makes biggest job cuts in 20 years
(DBN)

50% of Retail Jobs Could be Lost to Automation
(DBN)

______________

Politics:

Russians Reportedly Bragged They Could Use Michael Flynn to Influence Trump • Trump Told Aides Firing Flynn Was a Mistake • Trump to Russian diplomats: Firing 'nut job' James Comey took 'great pressure' off me • Comey Likely to Testify Trump Tried to Influence Him on Russia Probe • As impeachment talk grows, have Trump’s former top aides already cut deals with federal prosecutors? • Top Republican on Senate Intelligence Panel Says Michael Flynn's Lawyers Say He Will Not Honor Subpoena • Paul Manafort’s Lucrative Ukraine Years Are Central to the Russia Probe • Trump's FBI comments to Russians were aimed at cooperation: aides • Comey agrees to testify in Senate over Russia probe • Russians Are Laughing at the U.S., Not Just at Trump
(DBN)

Twitter Founder Apologizes for Giving President Trump a Platform: ‘It’s a Very Bad Thing’ • Trump's aides hosted an 'intervention' to try to tone down his Twitter use
(DBN)

David Clarke denies that he plagiarized parts of his master's thesis
(DBN)

Trump Meets with Gulf Leaders • A Short History of U.S. Presidents Explaining Islam to Muslims • Trump's Speech to Muslim Leaders • Trump’s Saudi speech to mark bid to ease Muslim tensions • Conservative Outlets Don’t Seem Bothered by Trump “Bowing” to Saudi King • Trump calls on Middle Eastern leaders to 'drive out' the 'crisis of Islamic extremism' • In a departure from the campaign trail, Trump didn't say 'radical Islamic terrorism' in his speech to the Muslim world • The Many Contradictions of Trump of Arabia • President Trump to Arab Leaders: ‘Drive Out’ Terrorism
(DBN)

Scandals Are Making the White House Impossible to Staff
(DBN)

A Texas lawmaker was threatened with lynching after he called for Trump's impeachment
(DBN)

Public Trust Shifts Away From White House, Toward Political Media
(DBN)

Some in GOP Now Fear for Their Safety
(DBN)

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Non-Profits:

Non-profit UMOM steps in and helps another Phoenix non-profit during bankruptcy
(DBN)

______________

Celebs:

Hat Trick: Trick Daddy Files For 3rd Bankruptcy Just Before Foreclosure
(DBN)

______________

Taxis:

Uber Starts Charging What It Thinks You’re Willing to Pay
(DBN)

______________

Maritime:

Marco Polo shipyard makes Indonesian bankruptcy law filing
(DBN)

______________

Exhibitions:

Premier Exhibitions, operator of Titanic and Bodies shows, putting itself up for sale
(DBN)

From Deep in Atlantic, Titanic Relics Sail Toward Auction Block
(DBN)

______________

IT:

Ciber being bought by U.S. firm that outbid France's Capgemini • HTC Global to Buy IT Consultant Ciber for $93 Million
(DBN)

______________


Economy:

Fed Nowcast stands at 2.3% for 2017:Q2.
(DBN)

Washington ‘dysfunction’ won’t stop Fed from hiking interest rates in June
(DBN)

Economic Uncertainty Is Reaching Crisis Levels Under Trump
(DBN)

Buoyant U.S. economy rides out rough political sea, but more storms ahead
(DBN)

44% of Adults have less than $400 in Cash
(DBN)

Americans might be paying their debts backward
(DBN)

Why the Fed is wrong to obsess about wages
(DBN)

Record Consumer Debt Provokes Sleepless Nights, Recession Nightmares
(DBN)

Some Fed Officials See Difficulty in Return to Precrisis Playbook
(DBN)

As Washington slams U.S. infrastructure, state and local authorities are fixing bridges
(DBN)

Economists are puzzled about why incomes aren’t rising — but workers have a good hunch
(DBN)

Merrill: "Will it be a summer break for the Fed?"
(DBN)

BLS: Unemployment Rates Lower in 10 states in April, Three States at New Series Lows
(DBN)

The Rich Are Getting More Mortgages. The Poor Are Getting More Car Loans.
(DBN)

12-year high: More workers are failing company drug tests
(DBN)

The negotiator: America’s trade policy has a new face
(DBN)

Trump’s pick for Treasury second-in-command withdraws from consideration
(DBN)

GE executive says Americans are 'more stressed out than ever'
(DBN)

A company under Trump attack makes a bold move: It repeatedly ignores him
(DBN)

The 'gig economy' has broken a fundamental link in capitalism that was good for workers
(DBN)

The classic car market is a perfect example of how bubbles collapse
(DBN)

U.S. and Pacific Rim countries at odds in heated trade meeting • TPP countries agree to explore options for trade deal without U.S. • U.S. trade representative says no return to TPP deal and wants bilateral deals in Asia
(DBN)

A Trump budget proposal would convert many overseas military grants to loans
(DBN)

Trump’s First Budget Is Coming, and the Spending Cuts Are Severe
(DBN)

How Trump’s Budget Battle Could Lead to a Government Shutdown
(DBN)

Why Trump’s tax plan would mean less money for churches
(DBN)

White House to roll out budget proposal, cutting Medicaid, assistance to the poor • Trump Wants Millions Off Food Stamps
(DBN)

Credit Arbiters Say U.S. Resilient as Politics Cloud Debt Debate
(DBN)

Women in their 30s are having more babies than women in their 20s — this is a first
(DBN)

Goldman slashes tax-cut expectation as Trump drama rages
(DBN)

The economic fortunes of red and blue states, tracked via credit scores
(DBN)

Blackstone unveils $100B Ambition for Infrastructure
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

______________

Real Estate:

Bank of America's CEO says a pre-crisis idea could make it easier for millennials to buy homes
(DBN)

Baby boomers are making it harder for millennials to buy homes
(DBN)

____________

Municipalities:

Puerto Rico retirees will get bankruptcy committee: US Trustee
(DBN)

Puerto Rico begins historic bankruptcy case
(DBN)

The Ins and Outs of the House-Passed PROMESA Bill
(DBN)

Connecticut feels the human fallout of Puerto Rican debt crisis
(DBN)

‘Puerto Rico Is Emblematic of the Excesses of These Financial Systems’
(DBN)

Cautionary tale of Puerto Rico bonds
(DBN)

Federal Policy for Financially-Distressed Subnational Governments: The U.S. States and Puerto Rico
(DBN)

Hartford on brink of bankruptcy while development booming • Malloy Wary Of Helping Hartford After Union Deal Fails
(DBN)

Chicago School System Plans to Borrow up to $389 Million
(DBN)

______________

Oil/Gas:

Q&A: How an energy company dodged bankruptcy in oil bust
(DBN)

"Another Surge" in Rig Count • U.S. rig count surges to more than 900
(DBN)

Oil prices climb as investors wait for OPEC meeting
(DBN)

Today's Stunted Oil Prices Could Cause Oil Price Shock In 2020
(DBN)

OPEC heads towards supply cut extension as Saudi signals most on board • OPEC revenues fall to lowest level in a decade • OPEC Is Driving Prices Up, But Where Is The Limit? • Goldman Sachs explains the thinking behind the OPEC deal • 4 potential outcomes for OPEC’s crucial meeting
(DBN)

U.S. Shale Is Turning Up The Heat On OPEC • Does The Permian’s Sweet Spot Hold 8 Times More Oil Than Predicted?
(DBN)

Saudis May Enter The Shale Game
(DBN)

Oil companies are starting to get ready for peak oil demand
(DBN)

Search for Oil Yields a New Business Model
(DBN)

______________

Student Debt:

Bill Introduced To Make Private Student Loans Dischargeable
(DBN)

An Exciting New Bill Looks to Solve Our Nation's $1.4 Trillion Student-Loan Crisis
(DBN)

Can Student Loans Be Discharged In Bankruptcy?
(DBN)

Rising student debt 'crippling' recent graduates, the economy
(DBN)

Americans Are Paying $38 to Collect $1 of Student Debt
(DBN)

Student Debt Is Eating Your Household Budget
(DBN)

Even if you don't have student loans, you should want them to be forgiven
(DBN)

Trump to offer exclusive contract to service US student loans
(DBN)

______________

Travel:

25 Travel Hacks That Will Save You Time and Money
(DBN)

Airline gate agents share 17 things they'd love to tell travelers but can't
(DBN)

______________

Retailing:

Sears' CEO blames the media for company's decline — but his obsession with Wall Street set it up for failure
(DBN)

Target looks to capture more business from bankrupt retailers
(DBN)

The place where old-fashioned malls are beating Amazon: Small-town America
(DBN)

Why the Rout in Retail Shouldn't Be a Big Worry for U.S. Economy
(DBN)

Carnage in retail sector means more pain to come for shareholders and bondholders
(DBN)

Ann Taylor parent Ascena shares plummet after traffic decline prompts profit warning
(DBN)

These Eleven Retailers Will File For Bankruptcy Next, According To Fitch
(DBN)

Huge demographic changes in the US could hit these 14 retail stocks
(DBN)

Is This the Retail Apocalypse? Don't Ignore the Dog That Hasn't Barked!
(DBN)

Retailers can't move fast enough to chase shoppers online
(DBN)

______________

Autos:

The heat is on for other automakers to settle in Takata MDL
(DBN)

A Record 107 Million Americans have Car Loans
(DBN)

Ford replaces CEO in a push to transform its business, source says
(DBN)

______________

Metals:

Essar Minnesota bankruptcy decision delayed until June
(DBN)

Creditors Seek to Force Owner of World's Largest Lead Producer Into Bankruptcy
(DBN)

______________

Food/Beverage:

Mall restaurant's tax debt exceeds $500K
(DBN)

NYP Bar and Grill’s financial tailspin began with opening of Seattle eatery
(DBN)

______________

Nuclear:

Westinghouse to lock out 172 union members at New Hampshire plant
(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 (24 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (7 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:

Retail Ch. 11 Filings Pick Up Where O&G Filings Leave Off
(DBN)

NY Bankruptcy Judge: "Chapter 11, 15 Filings Have Exploded"
(DBN)

______________

Miscellaneous:

Fifth Circuit Report: 1st Quarter 2017
(DBN)

______________

Adequate Protection:

Adequate Protection and Takings Issue?
(DBN)

______________

Proofs of Claim:

Filing Stale Proof of Claim in Bankruptcy Does Not Violate the Fair Debt Collection Practices Act
(DBN)

______________

Substantive Consolidation:

Lenders Beware: Diligence Needed to Protect that Guarantee Claim From Substantive Consolidation in Bankruptcy
(DBN)

______________

Corporate Reform:

CBO: Effects of Dodd-Frank Overhaul Bill Depend on Whether Banks Fail
(DBN)

Deutsche Bank To Former Board Members: These Absurdly Expensive Fines Ain’t Just Gonna Pay Themselves
(DBN)

CBO: Here's how much money Financial CHOICE will save the country
(DBN)

______________

Discharge:

No False Representation in Loan Acquisition
(DBN)

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

______________

Sales:

Bankruptcy Sales Are Not Really Free and Clear of Claims
(DBN)

______________

UST:

USTP Issues Public Report to Congress on Criminal Referrals for FY 2016
(DBN)

______________

Healthcare:

Nursing Home Reaffirms Medicare Circuit Split In Cert Push
(DBN)

Where You're Most Likely to Live Longest
(DBN)

With all eyes on Trump, GOP Congress is still working to strip health care from millions • The GOP Is Playing Chicken With Millions of Americans’ Health Insurance
(DBN)

Obamacare Marketplaces Not in Death Spiral
(DBN)

CBO Score of ACA Repeal Due Wednesday
(DBN)

Big Obstacles in Trumpcare’s Path
(DBN)

Trump Wants to Destabilize Obamacare
(DBN)

Sessions will keep health care fraud high up on agenda, DOJ brass says
(DBN)

16 attorneys general look to intervene in ACA subsidy suit at DC Circ:
(DBN)

Needless Medical Tests Cost $200Bn Annually
(DBN)

______________

Fraud:

Robert De Niro talks about how he got inside the head of Bernie Madoff for his new movie
(DBN)

Barclays, other banks lose another bid to escape Libor rigging suit:
(DBN)

Ex-JPMorgan senior loan officer pleads guilty to $33 million fraud scheme
(DBN)

______________

Gambling:

Caesars Emerges from Bankruptcy with International Casino Expansion Plans
(DBN)

______________

Video Games:

Grand jury docs about Curt Schilling's videogame company to remain sealed
(DBN)

______________

Solar:

Bankruptcies Continue in Solar Industry
(DBN)

______________

Consumer Finance:

Banks Want a Piece of the Payday-Loan Pie
(DBN)

______________

Circus:

The Death of One of the Oldest Shows on Earth
(DBN)

______________

Asset Protection:

A Charging Order A Day Keeps The Receiver Away In Pajooh
(DBN)

______________

Mass Torts:

Racketeering lawsuit against Philadelphia asbestos firm refiled in Pennsylvania
(DBN)

______________

UK:

Comedian Tommy Cannon declared bankrupt over hefty £800k tax bill
(DBN)

Britain's EU 'no deal' threat is genuine, says Brexit minister Davis
(DBN)

Store Twenty One on the brink as lender backs away
(DBN)

Chappell to appeal against Retail Acquisitions insolvency
(DBN)

The cost of the average British home has hit another record high as buyers ignore Brexit and the general election
(DBN)

Stripping Britain of a €930 billion daily business after Brexit could cost investors €100 billion
(DBN)

RBS doubles settlement offer to shareholders ahead of High Court battle: report
(DBN)

Why Bankers Fleeing Brexit May Find Luxembourg an Acquired Taste
(DBN)

______________

PIIGS:

Alitalia pleads for buyers as government sets deadline
(DBN)

Greece urges creditors to strike new debt relief deal • Creditor-demanded cuts approved by Greek parliament
(DBN)

Caught Between Scylla and Charybdis: The Effects of Greece's Loss of Sovereignty
(DBN)

______________

Canada:

Beleaguered Canadian music festivals struggle to fill fields • Calgary fans left frustrated after Pemberton Music Festival abruptly canceled • Canada's Pemberton Festival Files for Bankruptcy With No Refunds for Fans • With Pemberton Going Bankrupt, Has The Music Festival Boom Hit Its Peak?
(DBN)

______________

Japan:

'This is death to the family': Japan's fertility crisis is creating economic and social woes never seen before
(DBN)

______________

MENA:

The Lights Are Going Out in the Middle East
(DBN)

______________

Australia:

Liquidators eye claim against tennis great Ken Rosewall and son Glenn over BBY
(DBN)

______________

India:

RBI can take measures to reduce banks' bad debt
(DBN)

RBI governor, FinMin officials discuss NPA resolution issues
(DBN)

______________

Venezuela:

Cash Strapped Venezuela To Import Gasoline As Crisis Escalates
(DBN)

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South Africa:

Rockwell succeeds in having subsidiaries placed in business rescue
(DBN)

______________

Indonesia:

Keeping pace with global trends in debt restructuring: Indonesia must act
(DBN)

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