May 23, 2017

The Daily Bankruptcy News

View prior editions: Click Here
View prior case summaries: Click Here
Search prior headlines: Click Here
Search prior case summaries: Click Here

3-Column Formating

 

Law:

As Clients Press for Discounts, Are Firms Too Quick to Show Their Cards?
(DBN)

Trump Turmoil Tempers Law Firm Business Forecasts
(DBN)

Second Circuit Upholds Ban on Private Investment in Law Firms
(DBN)

Gardere Expands Financial Restructuring and Reorganization Practice, Welcomes Three Attorneys in Dallas
(DBN)

What can lawyers learn from the recent United Airlines incidents?
(DBN)

'Speaking the Same Language': Leaders From Big Law Make the Case for Metric Sharing
(DBN)

As Russia Probes Mount, White-Collar Lawyers Hit Prime Time
(DBN)

3 digital hellos better left unsaid for lawyers
(DBN)

The Role of Law Firm GCs is Expanding
(DBN)

Skadden Arps Slate Meagher & Flom makes double hire from White & Case
(DBN)

Australian law firms see no wage growth
(DBN)

Two Years After Merger, Shook Hardy's Chicago Leader Exits
(DBN)

Biglaw Associate Introduces His Adorable Quintuplets To His Firm
(DBN)

Why Lawyers Fear Seeing Therapists, And Why We Should Do It Anyway • Some Law Firms Try To ‘Eliminate Stigma’ From Attorneys Struggling With Mental-Health Issues
(DBN)

Ethics Panel: 1. Fill Bucket with Ice Water, 2. Pour Over Head
(DBN)

The Power Look: Tank Tops, Tattoos and Flip-Flops
(DBN)

What Defenders of Trump's Right to Fire Comey Are Missing
(DBN)

Robert Mueller, Jamie Gorelick and the Wilmer Problem
(DBN)

Flynn will invoke Fifth Amendment: Reports
(DBN)

3 more Fox News discrimination suits filed • Fox News Faces Three More Employee Discrimination Lawsuits
(DBN)

Some Charlotte School of Law students receive federal loan money
(DBN)

Texas woman seeks dismissal of her conviction for running multimillion fraud scheme targeting law firms
(DBN)

Tampa man (former white supremacist converted to Islam) tells police he killed roommates for disrespecting Muslim faith
(DBN)

BigLaw partner meets the law student who intervened to stop his attackers
(DBN)

Starbucks customer is awarded $100K for burns from hot coffee spill
(DBN)

The Lawyer With A Hit HGTV Show
(DBN)

Sally Yates Is All Of Us
(DBN)

Leaders Against Confederate Monuments ‘Should be Lynched’, Says Lawmaker
(DBN)

Teaching Lawyers To Be Leaders: Our Experience With Business Style Case Studies
(DBN)

Best Secrets Of Voir Dire (Or Why You Didn’t Get Picked As A Juror)
(DBN)

______________

Judges:

Interview with Judge Alex Kozinski
(DBN)

Supreme Court summarily upholds caps on contributions to political parties; Gorsuch would hear case • Supreme Court Keeps ‘Soft Money’ Out of Federal Elections
(DBN)

With TC Heartland ruling SCOTUS may have put ED TX in the rearview
(DBN)

No Public Hearing Set for SCOTUS Budget, Again
(DBN)

'Slowpoke' Report: Which Federal Judges Have the Biggest Backlogs?
(DBN)

______________

Wall Street:

U.S. stocks set for 4th straight day of gains
(DBN)

U.S. stocks close higher as tech, industrials lead the way
(DBN)

Traders just got a sign the stock market rally has a long way to go
(DBN)

The ‘Trump bump’ is dead, this economic indicator is telling us
(DBN)

______________

Layoffs:

SolarWorld Americas Warns Workers About Impending Mass Layoff
(DBN)

ASD to hand out 220 pink slips on Wednesday
(DBN)

Wright State plans 70 layoffs
(DBN)

______________

Politics:

It’s becoming increasingly clear that Jared Kushner is part of Trump’s Russia problem • Democrats are falling for fake news about Russia • Carter Page: 'I have no intention to plead the Fifth, since I've never done anything wrong' • Flynn’s letter to Senate committee cites ‘escalating public frenzy’ in refusing to turn over records in Russia probe • Trump reportedly asked top US intelligence officials to publicly deny collusion between his campaign and Russia • Top Democrat: Flynn lied • Invoking the Fifth Tells Us Nothing About Flynn's Guilt • Trump Finalizing Outside Legal Team for Russia Investigation, Report Says
(DBN)

Trump's casino was a money laundering concern shortly after it opened
(DBN)

Saudis Want Something for $360Bn in Deals
(DBN)

Report: Girl in Weiner case lied to damage Clinton
(DBN)

Flabbergasted anchor points out to commerce secretary why there wasn't a 'single hint of a protester' in Saudi Arabia
(DBN)

Trump says he 'never mentioned' Israel in meeting with Russians — but that was never the issue
(DBN)

Why Sally Yates Stood Up to Trump
(DBN)

______________

Personal Finance:

7 times it might be OK to take a pay cut
(DBN)

______________

Autos:

Ford CEO Mark Fields is out — and it looks 'like a coup' • Ousted Ford CEO Mark Fields had the impossible job of pleasing two masters • Ford just fired its CEO — and the stock price is going nowhere
(DBN)

______________

Festivals:

Organizers of the disastrous Fyre Festival are reportedly being investigated by the FBI
(DBN)

______________

Nuclear:

Westinghouse says locking out union members at New Hampshire plant
(DBN)

Westinghouse will not object to unsealing contract for VC Summer nuclear project
(DBN)

______________

Maritime:

US Bankruptcy Court grant relief requested by Tidewater Inc. related to ordinary course business activities
(DBN)

Marco Polo’s shipyard unit gets court order to temporarily restrain creditors
(DBN)

______________

Celebs:

Moment of truth for Cosby as jury selection begins
(DBN)

______________

Education:

Bankrupt school ITT pleads 'don't let Microsoft wipe our cloud data!'
(DBN)

______________

Surfing:

Titans of Mavericks surfing event is set for auction June 1
(DBN)

______________

Lehman:

LBHI RMBS Trustees' Notice of Motion Seeking Approval of Settlement in Lehman Bankruptcy Cases
(DBN)

______________

Travel:

Disruptive passenger in Trump cap delays Shanghai flight
(DBN)

Drink up, business travelers. The minibar is on the way out
(DBN)

______________

Economy:

Lack of workers, not work, weighs on the nation’s economy
(DBN)

The surprising debts that are holding many Americans back
(DBN)

Merrill: "Revising down our inflation forecasts"
(DBN)

Still a Question Mark' Around Full Employment, Fed's Brainard Says
(DBN)

Chicago Fed "Increased Economic Growth in April"
(DBN)

Banks Aren't Worried That More Credit-Card Loans Are Souring
(DBN)

The dollar would have to spike to offset 'border adjustment' tax, retailers say
(DBN)

Why the stock market will be fine if Trump’s tax cuts don’t happen — in one chart
(DBN)

Millennial Women Are Surging Ahead of Men in the Job Market
(DBN)

Dow adds 85 points after Trump delivers on overseas deals
(DBN)

Tax reform could slash charitable giving by up to $13 billion per year
(DBN)

New 'Latte Index' shows how far an hour's minimum wage will go in cities around the world
(DBN)

Employers have cut younger workers' pay to fund pensions they will never see
(DBN)

Trump's budget sets up an 'epic battle' over government spending • White House budget to kick off next fiscal fight
(DBN)

How unemployment fared under US presidents in history, in one chart
(DBN)

Trump’s Budget Is a Cruel Con • Trump's budget calls for staggering cuts to Medicaid, food stamps, and many other domestic programs • White House To Release 'Taxpayer First' Budget Plan, With Cuts To Safety Nets • WH Budget Cuts Entitlements $1.7T, Slashes EPA 30% • Trump Budget Slashes $3.6 Trillion to Remake Gov't • Trump's Budget Hits His Own Voters the Hardest • $2 trillion in savings to come from economic growth: Trump budget • Older Americans may be on their own if Trump’s budget goes through • Budget takes aim at illegal immigrants by limiting tax credits • White House 2018 budget proposal is out, and it slashes the social safety net • Trump budget calls for Wall Street regulators to face restructuring • White House proposes $46.54 billion in cuts to agriculture over ten years • Why Trump’s Spending Plan Won’t Really Balance the Budget • Trump to poor Americans: Get to work or lose your benefits • Larry Summers: Trump’s budget is simply ludicrous • This Week's Rollout Of Trump 2018 Budget Could Be His Biggest Failure Yet
(DBN)

Amid opposition, Trump makes low budget request for Mexico border wall
(DBN)

States Where the Most People Work for Gov't
(DBN)

Your work-from-home days might be numbered
(DBN)

Easing debt crisis for older Americans
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

______________

Real Estate:

Chicago: Trustee overseeing convicted landlord's properties
(DBN)

Existing Home Sales: Take the Under
(DBN)

SCOTUS won't take up appeal of case alleging US Bank defrauded federal mortgage program
(DBN)

The Beleaguered Tenants of ‘Kushnerville’
(DBN)

Where are building permits keeping up with housing demand?
(DBN)

As foreclosure well runs dry, investors look to new builds
(DBN)

SCOTUS Holds Cities Have Standing Under FHA for 'Subprime Nuisance' Claims
(DBN)

Why Millennials Are (Partly) to Blame for Housing Shortage
(DBN)

____________

Municipalities:

Puerto Rico's Bankruptcy : Template For Other Troubled Cities
(DBN)

Puerto Rico pension, highway agency join government in bankruptcy • More Puerto Rico agencies enter bankruptcy
(DBN)

Defunct Puerto Rico Bank Resurfaces for Tax Fight
(DBN)

Puerto Rico's Tax Dodgers Hide in Plain Sight on Every Corner
(DBN)

Roads & pensions swept up in Puerto Rico’s $123bn bankruptcy
(DBN)

Puerto Rico seeks court's help to save public pension system
(DBN)

Puerto Rico’s Bankruptcy Wasn’t Inevitable
(DBN)

The High Cost Of Not Paying Your Bills
(DBN)

Hartford latest US city on the brink of bankruptcy
(DBN)

This sleepy California city was $3 million in debt — now it's cashing in on the marijuana industry
(DBN)

US Cities Are Running Out of Room
(DBN)

______________

Oil/Gas:

Maxus Energy Wins Court Approval of Chapter 11 Plan
(DBN)

Ocean Rig UDW Inc. Announces Launch of Schemes of Arrangement
(DBN)

Crude rises on reported OPEC agreement to extend output cuts into 2018
(DBN)

Oil prices whipsaw in wild trading as Iraq emerges as potential holdout on OPEC deal • Iraq could make OPEC-led oil output cut extension difficult, RBC’s Croft says • OPEC on Verge of 9-Month Cuts Extension After Iraq Gives Backing • UAE oil minister says Opec still to decide key output deal terms
(DBN)

Saudi vs Shale: The Breakeven Myth
(DBN)

The Lowest Shale Breakeven Costs Are Here
(DBN)

As oil slides, one technician has a shocking prediction: Expect crude to hit $90
(DBN)

Here's why the OPEC cuts didn't work
(DBN)

Carlyle sues insurers over $400m losses from Morocco oil refinery bankruptcy
(DBN)

EPA Rollbacks a Boon to Oil and Gas
(DBN)

Trump Wants to Sell Half Strategic Oil Reserve • Oil pulls back from 1-mo. high after Trump budget proposal includes selling some U.S. stockpiles
(DBN)

______________

Retailing:

Retail bankruptcies push available anchor store space to new high in Chicago area
(DBN)

Shopping Mall Executives Say the Future Isn't So Gloomy
(DBN)

The carnage in retail is good news, but only if you know where to look
(DBN)

Stage Stores Still Looks Like It's Rearranging (And Buying) Deck Chairs On The Titanic
(DBN)

The Looming Retail Bailout
(DBN)

Why Sears' Eddie Lampert Needs A Reality Check
(DBN)

J.C. Penney, Gymboree and J. Crew at risk -- and it’s not all Amazon’s fault
(DBN)

______________

Celebs:

Abby Lee Miller Slams New ‘Dance Moms’ Coach Cheryl Burke Over Sentencing Comment
(DBN)

______________

Auto Racing:

Skip Barber Racing School Files for Bankruptcy; Owes Lime Rock Park $1.2 Million
(DBN)

______________

Student Debt:

3 big changes Trump wants to make for student loans
(DBN)

Panicked student loan borrower: 'I've changed my life based on their promise'
(DBN)

Former ITT Tech students got promise of help, then silence
(DBN)

Budget seeks end to subsidized student loans, forgiveness
(DBN)

Feds: 234000 Borrowers Could Be Stuck in Default
(DBN)

Student loan servicers to be reduced from four to one • What student loan borrowers can expect in Trump's change to one vendor
(DBN)

More Baby Boomers Are Drowning In Student Loan Debt–And No One Knows How Bad It Will Get
(DBN)

____________

New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (18 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (17 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)

Retail, Energy Sectors Lead 2017 Restructurings, Topping Healthcare
(DBN)

______________

Litigation:

Lawsuit process service abroad can go through the mail, with certain conditions met, SCOTUS says
(DBN)

______________

Sales:

Section 1111(b) Election Not Available When Collateral Is Sold Post Petition
(DBN)

______________

Safe Harbors:

How safe is safe?
(DBN)

______________

Miscellaneous:

Recent Developments in Bankruptcy Law, April 2017
(DBN)

______________

Healthcare:

Houston psychiatric hospital closes after failing federal safety inspection
(DBN)

Trump reportedly wants to kill key Obamacare subsidies, even if premiums hike • Trump just made a move to save Obamacare — for now
(DBN)

Paul Ryan Says Employer Coverage Is Safe From His Health Care Plan. It Isn’t.
(DBN)

Cancer Patients May Face Higher Bankruptcy Odds
(DBN)

Trump Delays Decision on Obamacare Subsidies – Which Means Prices Will Rise
(DBN)

Republicans Are Losing Voters’ Trust on Health Care, Polling Shows
(DBN)

______________

Fraud:

This is what Bernie Madoff's life is like in prison
(DBN)

______________

Solar:

Chinese Solar Makers Shown $55 Million Path to Avoid Tariffs
(DBN)

______________

Corporate Governance:

Is Deal Litigation in Delaware Done?
(DBN)

______________

Corporate Reform:

Bill to loosen financial rules would save $24 billion — and slash consumer protection bureau funds
(DBN)

Court of Appeals set to hear landmark challenge to CFPB constitutionality
(DBN)

______________

UK:

The EU demands Britain pays the costs of moving European agencies out of London after Brexit
(DBN)

22 dead in suspected terror attack at Ariana Grande concert in Manchester • Police arrest 23-year old man over Manchester attack
(DBN)

Britain's budget deficit unexpectedly increased in April
(DBN)

East Midlands haulage firms face insolvency
(DBN)

The Exquisitely English (and Amazingly Lucrative) World of London Clerks
(DBN)

______________

EU:

European economic rebound showing surprising strength
(DBN)

______________

PIIGS:

Greece legislates measures to wrap up bailout review, get more aid • German government at odds with itself over Greek debt relief • Greece looks for debt help after backing further cuts • Greece on brink of another summer debt crisis • Greek bond yields rise as creditor talks break down • No bailout funds for Greece as eurozone finance chiefs fail to agree deal • Greek Creditors, IMF Seek to Bridge Split Over Debt Relief • No Greek deal is no big deal because it's close, EU creditors say • Greek Deal on Debt Relief Founders as Talks Stretch to June
(DBN)

IMF could join Greek bailout in three weeks - Eurogroup head
(DBN)

Hedge Fund Basks in World-Beating Surge for Greece's Markets
(DBN)

Alitalia hires Rothschild to manage potential sale
(DBN)

______________

Canada:

"I'm coming after you personally" says WME Music Head Marc Geiger After Pemberton Fest Cancels, Declares Bankruptcy
(DBN)

‘Bankrupt’ Pemberton Music Festival Faces Fraud Accusations
(DBN)

______________

India:

India’s central bank to expand oversight panel for stressed assets
(DBN)

RBI to expand oversight committee for bad loan resolution
(DBN)

Framework Under NPA Ordinance by RBI May be Out Within 15 Days
(DBN)

RBI Board Members, Rating Agencies To Advise On Resolution Of Large Accounts
(DBN)

Banking ordinance opens up Pandora's box
(DBN)

RBI outlines broad plans on $150 billion bank bad loan resolution
(DBN)

This is how RBI will deal with $150-bn bad loans plaguing banks
(DBN)

______________

MENA:

Dubai law firm Trench & Associates advises on new bankruptcy process
(DBN)

______________

South Korea:

‘Stalking-horse’ bid poses as turnaround option for distressed Korean firms
(DBN)

______________

Bahamas:

Long-Delayed Baha Mar Resort Is Finally Open
(DBN)

______________

Venezuela:

Venezuela is importing oil despite having the world's largest oil reserves
(DBN)

Venezuela: The Brutal Consequences Of Oil Addiction
(DBN)

______________

Singapore:

Noble Group 'fighting for its life' as S&P sees default risk • Crashing Noble Group rips a hole in Australia Inc. • Noble Group Shares Plunge After S&P Flags Risks of a Default
(DBN)

______________

Azerbaijan:

International Bank of Azerbaijan will meet with international creditors in London • Azerbaijan Bank Creditors Balk at Restructuring Plan
(DBN)

______________

France:

Macron Tackles French Labor Law in First Push to Fix Economy
(DBN)

______________


The Daily Bankruptcy News is primarily a curated news link gathering service.   Most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subscription fee is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use. If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid service subscription. These links are currently marked with a "DBN" notation. The cost of a subscription is $64/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links.

New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase.

Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested. There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear. You do not need to type anything in the body of the email message. Note that the email asking for removal must be sent from the same email address which is on our distribution list. If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

If receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list.

Press Releases/News Tips
Please send press releases and news tips to admin@bkinformation.com

Contact Us
The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C. You can reach us at 281-402-3957 or at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries). Our mailing address is 935 Eldridge Road, No. 350, Sugar Land, Texas 77478.
Copyright 2017