May 26, 2017

The Daily Bankruptcy News

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The Daily Bankruptcy News will not publish on Memorial Day, Monday, May 29, 2017



Law:

Proskauer attorney in $50 million gender bias case doubles down on bid to protect mediation docs
(DBN)

Dechert Layoffs — They Laid Off First-Years (And This May Be The Wave Of The Future)
(DBN)

The 2017 Am Law 200: Keep Calm And Carry On
(DBN)

Cleary Gottlieb beats ex-attorney's race bias suit
(DBN)

Former U.S. Attorney Interviewed for Top FBI Post
(DBN)

The Best Offense Is A Good… Network Of Law Firms
(DBN)

As class sizes shrank, the number of ABA-accredited law schools remained mostly flat
(DBN)

ABA seeks summary judgment in suit over lawyers dropped from loan forgiveness program
(DBN)

How 7 medium-sized firms defied mediocrity in 2016
(DBN)

Sally Yates Had This Advice for Harvard Law School Graduates after Defying Trump Sally Yates to Harvard Law School Graduates: 'Be Bold. Take a Risk'
(DBN)

Virginia Governor Pardons Undocumented Immigrant’s Traffic Offense to Stop Deportation
(DBN)

The Trump administration will take its travel ban to the Supreme Court
(DBN)

Citing Trump's Kasowitz hire, Joe Lieberman drops out of running for FBI job
(DBN)

Alabama governor signs into law sweeping protections for Confederate monuments, historic markers
(DBN)

New York firms offer 'Plan B' to staff ahead of summer transit woes
(DBN)

Fourth Circuit Upholds Travel Ban Injunction, Saying It “Drips With Religious Intolerance” Court Essentially Says Trump Lied About Travel Ban Appeals Court Keeps Travel Ban Frozen
(DBN)

Attorney suspended for road rage attack with golf club
(DBN)

Suit blames teen’s suicide on scared-straight interrogation
(DBN)

Cops bust 'bearded' bank robber -- female, former LAPD officer
(DBN)

Woman arrested for pork fried rice attack on ex
(DBN)

2 ways to be more persuasive that you're probably overlooking
(DBN)

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Judges:

Senate Acts on Trump Pick, Promotes Judge to Appeals Court
(DBN)

California Senate bans bombastic judicial ballot titles like "Hardcore gang prosecutor"
(DBN)

What Is Behind The Biggest Federal Backlog In The Country?
(DBN)

How Trump plans to remake the lower courts
(DBN)

Vegas Judge Had Long History of Prosecutorial Misconduct
(DBN)

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Wall Street:

US stock futures point to pull back from record highs, GDP on tap
(DBN)

S&P 500, Nasdaq close at records as stock market extends win streak to a 6th day Wall Street hits record highs, helped by consumer stocks
(DBN)

Rare retail bright spot boosts S&P, Nasdaq to records
(DBN)

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Layoffs:

LSC Communications cuts 140 jobs
(DBN)

SolarWorld: At least 500 layoffs coming at Hillsboro plant
(DBN)

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Retailing:

Payless to try fending off creditor probe of owners with own review Payless Probing Dividend Payments to PE Firms
(DBN)

With nothing left to sell, RadioShack is selling itself to people RadioShack's depressing Twitter account reveals how the company has hit a new low Good Deal Alert: RadioShack Is Selling Its Musty Old Clipboards for Only 50 Cents
(DBN)

Sears posts quarterly profit on Craftsman sale, cost cuts Does anyone shop at Sears? Sales plunge again Everyone is missing a critical point about Sears' first quarter profit Sears Revenues Plunge, to Hit Zero in 3 Years, Shares Jump This Year Is Going to Be Terrible for Sears Holding Corp
(DBN)

hhgregg Stores Are Down To Mangled Stoves And Fixtures
(DBN)

Best Buy beats on profit, sales; shares at 11-year high How Best Buy escaped the retail apocalypse Best Buy is capitalizing on troubles at Sears and HHGregg in one particular category
(DBN)

Costco same-store sales crush estimates
(DBN)

Retailers rebound to boost S&P, Nasdaq to record highs
(DBN)

Neiman Marcus recently met about a merger with Related Cos.
(DBN)

J.Crew's Mickey Drexler Confesses: I Underestimated How Tech Would Upend Retail To be less “elitist,” J.Crew plans to lower its prices
(DBN)

34 companies that could be the next to announce mass store closures
(DBN)

Pottery Barn’s big problem: Your tiny apartment
(DBN)

Why One CMBS Investor Still Sees Value in Regional Malls
(DBN)

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Healthcare:

21st Century Oncology Reaches Agreement in Principle with Lenders and Bondholders 21st Century Oncology seeks bankruptcy protection Besieged Fort Myers cancer care giant files for Chapter 11
(DBN)

Top Republican reportedly tears up after reading analysis of how healthcare bill will affect people with preexisting conditions Pregnancy Could Cost You an Additional $1,000 Per Month Under AHCA Tom Perez trounces GOP health care bill after CBO score: “unmitigated disaster” Why Republicans can't fix health insurance Just 20% of Voters Approve of Republicans’ New Health Care Plan Senate to Start Drafting Health Care Bill Despite Policy Debates AARP Warns GOP on TrumpCare
(DBN)

The Senate Can’t Pass Health Care Without This Man
(DBN)

Insurers continue to hike prices, abandon ACA markets NC's Blue Cross seeks 23 percent hike on individual policies GOP health bill driving Blue Cross request for premium increase on ACA policies Blue Cross and Blue Shield of KC Pulls Out of ACA
(DBN)

America Spends The Most On Healthcare But Isn’t the Healthiest Country
(DBN)

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Politics:

Trump's staff reportedly tries to keep him busy so he doesn't tweet or watch TV Trump and His Allies Stumble As Russia Probe Moves Closer to the White House Jared Kushner is becoming a focus in the FBI's Trump-Russia investigation Jared Kushner will cooperate in probe over Russian interference in U.S. election When the Feds Come Knocking on Kushner's Door ... How Alleged Russian Hacker Teamed Up With Florida GOP Operative Donald Trump Only Has One App on His iPhone The FBI just declined the House oversight committee's request for Comey's memos Trump lectures NATO allies to their faces as they look on in awkward silence Trump 'complained to Belgian PM of difficulty setting up golf resorts in EU' Fox News Poll Not Good for Trump or Pence
(DBN)

8 Questions With Elizabeth Warren
(DBN)

Krugman: Republicans are stripping our freedoms one by one
(DBN)

Republican Greg Gianforte, charged with assault on reporter, wins Montana special election 'That Is Wrong.' Paul Ryan Says Greg Gianforte Should Apologize for Attack on Reporter Montana governor accuses Greg Gianforte of lying about assaulting a reporter
(DBN)

Wilbur Ross has links to Russia that he won't answer questions about
(DBN)

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Insurance:

Tesla is pushing the insurance industry to prepare for massive disruption
(DBN)

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Personal Finance:

Teenagers Everywhere Don’t Understand Money
(DBN)

What the most successful 30-somethings do with their money
(DBN)

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Debt Collection:

Court order shuts down 11 debt settlement companies
(DBN)

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Corporate Reform:

Trump Proposes to Eliminate CFPB Budget, Give Congress Choice to Fund
(DBN)

Judges Mull Future of Consumer Financial Protection Bureau
(DBN)

These rules could stop the next big financial crisis. Don’t get rid of them.
(DBN)

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Sports Facilities:

Lease error a snag in Delaware Sports Complex bankruptcy
(DBN)

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Economy:

Mnuchin Wants Debt-Limit Increase With No Conditions Attached
(DBN)

Fed Minutes Signal Officials Ready to Raise Rates Again Soon
(DBN)

Young, Old in US Plan on Relying More on Social Security
(DBN)

Fed's Brainard: Risks to U.S. economy lower due to 'brighter' global outlook
(DBN)

Rosenberg: 'We probably will have a recession next year'
(DBN)

A $33 billion hedge fund is sounding the alarm on the economy
(DBN)

A legendary hedge fund that raised $5 billion in 24 hours expects 'all hell to break loose'
(DBN)

Mark Zuckerberg joins Silicon Valley bigwigs in calling for government to give everybody free money Mark Zuckerberg called for exploring universal basic income in his Harvard graduation speech. Here's what that means.
(DBN)

U.S. trade gap widens in April, raising doubt for Q2 GDP rebound
(DBN)

Kansas City Fed: Regional Manufacturing Activity "Expanded Modestly" in May
(DBN)

Philly Fed: State Coincident Indexes increased in 41 states in April
(DBN)

Jobless claims edge up; goods trade deficit widens Initial jobless claims hit 234K vs estimate of 238K Weekly Initial Unemployment Claims increase to 234,000
(DBN)

Trump’s 2018 Budget: F in Math, A in Provocation Stephen Colbert unleashes on Trump's $2 trillion budget mistake Trump budget would allow sale of wild horses for slaughter Trump Budget Could Revive Congestion Pricing in Cities Trump Budget Would Defund Group That Encourages Tourism to the U.S. The Trump Budget Cuts Disability Benefits. That Will Hurt Trump Counties Trump's budget contains some glaringly simple math errors Trump Budget Copies Disastrous Kansas Plan Trump’s Budget Is Designed to Impress, Not to Pass
(DBN)

Hard-working taxpayers don’t support big cuts to food stamps, it turns out
(DBN)

Here's how Trump's 3% economic growth target stacks up against past presidents
(DBN)

BlackRock CEO Larry Fink says global growth accelerating
(DBN)

Pelosi Promises to Pass $15 Minimum Wage If Dems Take House
(DBN)

The People Left Behind When Only the ‘Deserving’ Poor Get Help
(DBN)

The “I’ve paid in all my life” fallacy
(DBN)

New Debt Ceiling Deadline Could Ruin Lawmakers' Summer Vacations
(DBN)

Trump’s Paid Parental Leave Plan Is Not Enough For America’s Working Families
(DBN)

Refugee arrivals decline sharply
(DBN)

Trump Wants Six Million Off Welfare
(DBN)

Trump reportedly slammed German carmakers and threatened to stop their sales in the US
(DBN)

`Mnuchin Rule' Against Wealthy Tax Cuts Comes Back to Bite Him Steve Mnuchin avoids questions on how the Trump administration will pay for massive tax cuts
(DBN)

Border adjustment tax is 'critical' part of tax reform, chief GOP tax writer says House GOP, White House Diverge on Two Key Tax Provisions
(DBN)

Older Americans Are More Millennial Than Millennials
(DBN)

Here’s the latest proof that marriage is dying
(DBN)

G7 leaders brace for clash with Trump on trade and climate
(DBN)

How Memorial Day Went From Somber Occasion to Shopping Spree
(DBN)

Trump administration arrests of noncriminal immigrants up 150 percent
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Mortgage rates sink to their lowest levels of the year
(DBN)

Late Charges on Balloon Payments: How Big Can They Be?
(DBN)

As down-payment needs swell, these companies step in to help — in exchange for a small stake
(DBN)

Mortgage rates swing below 4% as investors flee risky assets
(DBN)

Kent Lindemuth’s assets won’t be liquidated, will be overseen by trustee
(DBN)

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Municipalities:

Puerto Rico is Bankrupt: Is the Worst Yet to Come?
(DBN)

Puerto Rico’s University Is Paralyzed by Protests and Facing Huge Cuts UPR: Rudderless after Resignations from the President and the Board
(DBN)

Before the Gates: Puerto Rico’s First Bankruptcy Trial
(DBN)

Control Board Silent Over Federal Investigation of its Law Firm
(DBN)

Bankruptcy Judge Issues Order to the Governor
(DBN)

The fastest-growing American cities are in the South
(DBN)

Gary schools ask state for loan to make payroll
(DBN)

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Oil/Gas:

Fri: Oil is struggling to recover from its OPEC disappointment Why oil is plunging even after OPEC extended its landmark output-cut deal Oil edges up but remains on back foot after output cut extension disappoints
(DBN)

?Dallas investment firm shutters oil index after lingering bankruptcies, sales
(DBN)

OPEC extends output cuts. Here's what needs to happen to keep crude oil above $50 Here’s a lesson OPEC could learn from soybean farmers
(DBN)

Natural-gas prices fall on larger-than-expected climb in U.S. supplies
(DBN)

Oil Prices Fall on Fears OPEC Cuts Won't Ease Glut OPEC’s oil squeeze to remain after Saudi Arabia refuses deeper output cuts U.S. oil falls below $50, threatens to slip below trading averages after OPEC confab Why OPEC Couldn’t Move Oil Prices Higher
(DBN)

Trump Aims To Scrap Gulf Coast Oil Royalties
(DBN)

OPEC's extended cuts a starting pistol for US shale drillers
(DBN)

How U.S. Shale Drillers Flipped OPEC's Script
(DBN)

Fracking, Now The Dominant Technology, Will Keep Oil Price Around $55: Goldman Sachs
(DBN)

OPEC's Job Just Got a Lot Tougher
(DBN)

OPEC's Weakest Link Is Not Who You Think It Is
(DBN)

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Agriculture:

Trump Threats, Minimum Wage, Overtime Hitting California Farmers Hard
(DBN)

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Autos:

Lawsuit alleges GM cheated on diesel pickup truck emissions The latest automaker to get hit with emissions-cheating claims? General Motors
(DBN)

10 percent of Americans trading in a car plan to use Uber and Lyft instead of buying a new one
(DBN)

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Lehman:

What is the Lehman Brothers Waterfall I litigation all about?
(DBN)

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Fraud:

Zeek receiver files appeal on dismissed bankruptcy case
(DBN)

Can the Madoffs Ever Be Sympathetic?
(DBN)

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Solar:

SolarWorld Americas Joins Suniva Trade Case
(DBN)

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Agriculture:

Turner case's end seen years off
(DBN)

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Food/Beverage:

Pasta demand wanes — even in Italy — as health-conscious consumers see it as a carb demon
(DBN)

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Maritime:

Carrier Rickmers Risks Bankruptcy
(DBN)

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New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (82 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (44 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)

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Proofs of Claim:

Balancing Act: Supreme Court Rules That Filing a Proof of Claim for Stale Debt Does Not Violate the Fair Debt Collection Practices Act
(DBN)

Getting Rid Of Stale Debt
(DBN)

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Automatic Stay:

Construction Liens Filed by Suppliers in New Jersey After Contractor’s Filing of Bankruptcy Petition Are Barred by the Automatic Stay Provision of the Bankruptcy Code
(DBN)

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IP:

The Town That Trolls Built
(DBN)

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Insiders:

Romance and “Insider” Status, with Other Oddities, at U.S Supreme Court (U.S. Bank v. Village at Lakeridge)
(DBN)

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Ch. 13:

BK SD FL Seeks Comments On Ch. 13 Plan
(DBN)

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Avoidance Actions:

Court Holds That Deposits Would Be Hypothetical
(DBN)

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Awards:

Legal Week Innovation Awards 2017: The Finalists
(DBN)

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Coal:

Trump's Energy Budget Leaves Coal Country In The Cold
(DBN)

What's Going On With Peabody Energy?
(DBN)

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Nuclear:

Bankrupt Westinghouse stops paying pensions to retired top execs
(DBN)

Bechtel, Fluor Said to Prepare Bids for Southern Nuclear Project
(DBN)

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Education:

$6 billion in improper student aid payments found at Ed Dept
(DBN)

Why Did The Top Student Aid Official Under Betsy DeVos Resign?
(DBN)

In a tense exchange before Congress, Betsy DeVos refused to rule out funding schools that discriminate against students
(DBN)

Boomer Rep: Paying for College Has Changed
(DBN)

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Golf:

Off for a Round of Golf? Didn't Think So
(DBN)

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Telecom:

Bankruptcy court clears Avaya's sale of networking business
(DBN)

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Music:

Mood Media, Muzak’s Parent Company, Seeks Federal Bankruptcy Court Protection Mood Media Chapter 15 Petition Filed
(DBN)

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Celebs:

'RHONJ' star Teresa Guidice writing new tell-all, gets good news in bankruptcy case
(DBN)

Abby Lee Miller wants to make 'Dance Moms: The Musical' in Big Apple
(DBN)

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Commodities:

Noble Group's Ratings Cut Yet Again as Debt Risk Concerns Flare
(DBN)

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Student Debt:

Counting on Student Loan Forgiveness? Don't Bet on It
(DBN)

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UK:

DWF partners who ran Cobbetts charged with incompetence
(DBN)

'Important items' uncovered in Manchester investigation as British officials decry US leaks Trump condemns 'deeply troubling' intelligence leaks following Manchester attack Britain resumes intelligence sharing with US as police find 'suspicious items' in Manchester raids
(DBN)

Trump Worried Brexit Will Cost US Jobs
(DBN)

Soaring fees for BHS administrators BHS administrator could rack up more fees
(DBN)

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EU:

Cross-Border Co-operation in Group Insolvency Proceedings- Myth or Reality?
(DBN)

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PIIGS:

IMF Hopeful That New Greece Deal Can Be Ironed Out New Greek Deal Fails To Take Greece Into Account Greece on track to reach a deal with creditors within 3 weeks, IMF official says
(DBN)

Greece: Groundhog Day
(DBN)

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Canada:

All heck breaks loose in Toronto's housing bubble
(DBN)

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China:

China Takes Aim at Moody's After Rating Downgrade
(DBN)

Why China May Be Headed for a Massive Bank Bailout
(DBN)

China is on the cusp of its own 'American Dream'
(DBN)

China factories seen growing at slowest pace in eight months in May
(DBN)

Regulator urges China banks to save ailing companies
(DBN)

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India:

IDBI Bank Unveils Turnaround Plan Amid Fears Of Debt Default
(DBN)

Failure of debt-laden telecom operators can trigger defaults, bankers tell government
(DBN)

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Brazil:

A JPMorgan Flub Adds to Pain of Scandal-Ridden JBS's Creditors
(DBN)

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Singapore:

A Bridge Over Troubled Water: Singapore’s New Restructuring & Insolvency Framework Is Being Introduced When It Is Most Needed
(DBN)

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Australia:

Safe harbour and ipso facto insolvency reforms coming soon
(DBN)

Corporate restructuring rorts under scrutiny in government blitz
(DBN)

Singapore lures Australian insolvency cases
(DBN)

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Azerbaijan:

Creditors of Defaulted Azeri Bank Said to Contest Rehab Plan
(DBN)

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