May 3, 2017

The Daily Bankruptcy News

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Law:

Lawyers’ salaries slipping compared to other professions, data indicates
(DBN)

Merritt: IT Managers, Pharmacists And Nurse Anesthetists Now Earn More Than Lawyers
(DBN)

Dewey retrial jury wraps first full day of deliberations with no verdict
(DBN)

A Dewey & LeBoeuf TV Drama a No-Go, Says Firm's Ex-Telecom Leader
(DBN)

Shearman & Sterling hikes London NQ pay by over 10% to £105,000
(DBN)

The Best Job To Prepare You For Biglaw Life
(DBN)

5 jobs most likely to score you a date
(DBN)

How Much Does a Startup General Counsel in Silicon Valley Make?
(DBN)

Which Firms in Texas Had the Highest Gross Revenue, Net Income and PPP in 2016?
(DBN)

What Law Firms Can Learn From the United Airlines Fiasco
(DBN)

A Measure of Overcapacity in Legal Education
(DBN)

ASSLaw Got Itself An Eagle
(DBN)

I've had over 4,500 one-on-one meetings in my life — here are my best networking tips
(DBN)

3 Ways Big Data Will Change the Lawyer's Role
(DBN)

But How Are The Lawyers Themselves Embracing Innovation?
(DBN)

Victimized by ransomware, law firm sues insurer for $700K in lost billings
Beyond Biglaw: The Changing Face Of Customer Service
(DBN)(DBN)

How Much Are Corporations In-Sourcing Legal Services?
(DBN)

Fox Rothschild enters Seattle with acquisition of 39-lawyer firm
(DBN)

The former police officer involved in the fatal shooting of unarmed black man Walter Scott is pleading guilty
(DBN)

Cops change their story after an officer kills a teen outside a party • Police officer fired after fatally shooting an unarmed teen
(DBN)

The US Department of Justice is literally prosecuting a woman for laughing at Jeff Sessions
(DBN)

The Eagles Sue Baja's Hotel California
(DBN)

Giuliani, Mukasey Seen as ‘Disingenuous’ by Sanctions Case Judge
(DBN)

Trump's Right, the Constitution Is 'Archaic'
(DBN)

University Put on Lockdown for Four Hours Over Glue Gun
(DBN)

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Judges:

That’s A Memorable Opening Statement, Counselor
(DBN)

Oral Argument in Federal Court Becoming a Lost Art
(DBN)

Trump says he doesn’t know if Kennedy will retire, but he’s got his list; will it be expanded?
(DBN)

Gorsuch, like Alito, will not join cert pool
(DBN)

"After 13 years of litigation, this court can indulge plaintiffs no longer"
(DBN)

The Justices in Oral Arguments 2016
(DBN)

Federal Judge Dares Plaintiffs Lawyer: Put Your Money Where Your Mouth Is
(DBN)

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Wall Street:

Apple earnings dismay looks to pull U.S. stocks into the red
(DBN)

Stocks close slightly higher
(DBN)

Slowing Auto Sales Weigh on US Stocks as Indexes Wobble
(DBN)

Wall Street’s ‘fear gauge’ is falling, bonds and the stock market are soaring—something’s gotta give
(DBN)

Wall Street Stops Talking Trump Seriously
(DBN)

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Layoffs:

San Francisco is considering a once unthinkable measure to offset the threat of job-killing robots
(DBN)

Think About WARN Exceptions Before Facing Closure
(DBN)

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Politics:

President Trump Wants a Government Shutdown • Trump: 'Our country needs a good "shutdown" in September' • Here's how Ivanka Trump reacted behind closed doors after seeing the Access Hollywood tape • GOP senators reject Trump's call to end the filibuster • Fact check: Trump's 100-day boasts • Trump's totally bizarre claim about avoiding the Civil War • What Trump Gets Right—and Progressives Get Wrong—About Andrew Jackson • Comments on Civil War, big banks and Kim Jong Un perplex aides, historians • Trump: 'You make a mistake here, there is nothing to work out' • Mark Cuban gives Trump a 'C-minus' on first 100 days • Is Trump's Campaign Act Wearing Thin?
(DBN)

The Senate is giving Putin a lifeline, and Russia hawks are furious
(DBN)

Jared Kushner didn't disclose his business ties with Goldman Sachs or that he owes $1 billion in loans • There's the Kushner Standard for a Security Clearance - and Then There's Everyone Else
(DBN)

House Republicans floundering on Obamacare repeal • GOP health-care push faces new obstacles as concerns about preexisting conditions grow • GOP Losing Votes on Health Bill, Imperiling Its Chances • ‘Unspinnably dumb’: GOP strategist explains why Trumpcare 3.0 is an unprecedented political disaster • Older Voters Are Complicating the GOP's Plans for Health Care • Leading House Republican Upton says he will vote 'no' on Obamacare replacement bill • Trumpcare’s long odds in the Senate, explained by a Republican senator • Donald Trump Gambles on Big Health-Care Victory • President Trump Says the Health Care Bill Covers Pre-Existing Conditions. That's Not Exactly True • Obamacare repeal: 'A pipe dream from the very start' • Donald Trump still has no idea what's in his own health care bill • Inside Republicans’ uphill battle to pass health-care reform
(DBN)

As Trump budget plans fade, Republicans brace for war – with each other
(DBN)

Sally Yates will deliver a forceful public rebuke of the Trump administration on Michael Flynn
(DBN)

GOP caught posting racist rant against Rep. Keith Ellison
(DBN)

It Wasn’t Just Fat-Cat Republicans Trying to Influence the Election
(DBN)

Barack Obama Is Using His Presidency to Cash In, But Harry Truman and Jimmy Carter Refused
(DBN)

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Electricity:

US wind industry has biggest first-quarter installs in eight years
(DBN)

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Retailing:

Megastores Filing For Bankruptcy: The Businesses That Might Not Exist In 2018
(DBN)

Payless Retains RCS to Renegotiate Leases After Chapter 11 Filing
(DBN)

Private-Equity Firms Wrestle with Staples Buyout
(DBN)

Why Sears Holdings Corp Stock Fell 11% Last Month
(DBN)

Former Eircom debt investors swoop on US retailer J. Crew
(DBN)

Retailers Scrambling To Adjust To Changing Consumer Habits
(DBN)

Amazon Isn't Killing Physical Retail
(DBN)

Lenders Still Willing to Finance Retail, but Be Prepared for Extra Scrutiny
(DBN)

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Shipping:

War in Korea: A Cause for Shipbuilding Frustration?
(DBN)

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Advisors:

Mackinac Adds Turnaround, Restructuring Exec Bittner
(DBN)

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Tech:

Apple stock drops after it misses on revenue, signals softness ahead • Apple CEO blames iPhone 8 rumors for slow iPhone sales • iPhone sales ‘pause,’ and Apple may be in trouble
(DBN)

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Nuclear:

Miscalculations led to Plant Vogtle problems
(DBN)

Westinghouse CEO: Restructuring Plan Development Will Be Finished by July
(DBN)

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Economy:

US Economic Confidence Falls in April, but Still Positive
(DBN)

Fed Rate Rise Unlikely Wednesday, but Possible June Move in Focus
(DBN)

Fed is expected to ignore the fact that the economy barely grew in the first quarter
(DBN)

Is the Fed Ready to Change Course?
(DBN)

Is It Officially Time To Start Worrying About Consumer Credit?
(DBN)

Trump raises prospect of government shutdown to leverage better budget for GOP in fall • U.S. government shutdown possible if Democrats don't act better: Mulvaney • Why Trump's government shutdown threat is a very good sign • Trump's Shutdown Threat Is Silly and Pointless
(DBN)

GM, Ford stocks stocks slammed as poor sales raise red flag about economy
(DBN)

Where the most and least diverse parts of the US are
(DBN)

The Trump administration keeps talking tough on China with no plans to back it up
(DBN)

Trump's statements about economic growth show that he could use a brief lesson in international economics
(DBN)

The fuel of the US economy is drying up, but it's not as bad as it seems
(DBN)

Searching for the Easy Ways to Raise Productivity • Why Reviving Productivity Is a Moral Imperative • One Productivity Problem: We're Only Human
(DBN)

JPMorgan's Dimon says biggest fear is bad public policy
(DBN)

U.S. Commerce Secretary Ross says deregulation may boost economy
(DBN)

Trump’s ‘Buy American’ edict is pitting pipeline companies against steel manufacturers
(DBN)

This mammoth tax cut could be worth $1.5 billion to Trump's wealthy Cabinet • Dems, millionaires group press Trump on tax break for investment fund managers • The Looming Clash Between Trump and Republicans on Taxes
(DBN)

Slumping Car Sales Are Latest Data to Rattle Bets on Growth
(DBN)

Trump Has Decided to Blame Canada
(DBN)

The Cries of Junk-Bond Armageddon
(DBN)

House passes bill to give workers time off instead of OT
(DBN)

‘The Broke Millennial’: ‘1 job loss could wreck your entire financial situation’
(DBN)

California farmers peeved at Trump, claim they were 'pawn' in US-Argentine trade deal
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Q1 2017 GDP Details on Residential and Commercial Real Estate
(DBN)

MBA: Mortgage "Purchase Apps Up, Refis Down in Latest Weekly Survey"
(DBN)

House Prices up 7.1% Year-over-year in March
(DBN)

Goldman Sachs nearing $650 million in consumer relief in $5 billion settlement
(DBN)

Chicago: Suburban retirement community files for bankruptcy
(DBN)

Escrow, Insurance and Rent Not Additional Collateral in Deed of Trust
(DBN)

TX: Development near Schlitterbahn lands in bankruptcy court • Island residents worried Schlitterbahn developers bankruptcy could mean project delays
(DBN)

New Jersey Bankruptcy Court Finds Lien Held by Homeowners’ Association Is Subject to Modification
(DBN)

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Municipalities:

Puerto Rico teeters on brink of historic bankruptcy as lawsuits mount
(DBN)

Puerto Rico Hit With Lawsuit After Litigation Freeze Expires
(DBN)

Sales tax creditors kick off deluge of lawsuits against Puerto Rico
(DBN)

Puerto Rico Faces Bondholder Lawsuits as U.S. Reprieve Ends
(DBN)

Creditors File New Suits Against Puerto Rico amid Debt Crisis
(DBN)

How can Pennsylvania prevent cities from heading into fiscal crisis?
(DBN)

Detroit was 'mad, angry, vindictive' in Flint water talks, former EM claims
(DBN)

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Oil/Gas:

Weds: Oil Rises From 6-Week Low as U.S. Glut Eases, Russia Backs Cuts • OPEC Deepens Oil Production Cuts as Laggards Improve Compliance
(DBN)

Tues: Oil dips as US, Libya output gains outweigh OPEC, Russia cuts • Oil Prices Fall As Hedge Funds Throw In The Towel • US oil prices slide to lowest level since late March
(DBN)

FirstEnergy Predicts Oil Moving to $75
(DBN)

All Eyes On Saudi Arabia As OPEC Begins To Unravel
(DBN)

Houston energy co. sells Wyoming assets after emerging from bankruptcy
(DBN)

Breitburn Energy seeking extension on maturity of bankruptcy loan
(DBN)

E&P X-11 Club: Can Swift Shake It (Bankruptcy) Off?
(DBN)

Rising Interest Rates May Trip Oil Companies
(DBN)

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Corporate Reform:

Senate confirms Wall Street lawyer Jay Clayton to lead SEC • Senate confirms Sullivan Cromwell partner to lead SEC
(DBN)

'This is a middle finger to America': House hearing on Wall Street rules boils over
(DBN)

GOP, Democrats bicker at first day of Dodd Frank markup
(DBN)

One Congressman's rant just encapsulated the ignorance behind repealing Dodd Frank
(DBN)

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Autos:

Lawyers Cheer SCOTUS Ruling Clearing the Way for More GM Switch Cases
(DBN)

Auto sales tumble; 7-year win streak could come to an end • Every major carmaker whiffs on auto sales • Auto Sales Fall for Fourth Straight Month • A $50,000 Chrysler Minivan Explains Slowing U.S. Auto Sales
(DBN)

GM to take $100 million charge on Venezuela operations
(DBN)

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Fraud:

Man with alleged ties to bankrupt resort arrested in $65M fraud case
(DBN)

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Food/Beverage:

West Michigan brewery files for bankruptcy after closing doors
(DBN)

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Non-Profits:

High Technology Consortium Foundation enters plan for bankruptcy exit
(DBN)

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Mass Torts:

Should Madison County adopt bankruptcy trust disclosure requirements in CMO?
(DBN)

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Banking:

Lessons From The Costliest Bank Failure Since The Financial Crisis
(DBN)

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Solar:

SEC Probes Solar Companies Over Disclosure of Customer Cancellations
(DBN)

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New Bankruptcy Opinions
(10 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (44 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (34 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)

Federal Bar Association Delaware Chapter - Bankruptcy Trial Practice Seminar
(DBN)

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Ch. 13:

BK SD GA Seeks Comments On Amendments To Ch. 13 Plan
(DBN)

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Cross-Border:

Coming to America?—Applying Bankruptcy Code Section 109(a) to Vet Foreign Companies Filing US Bankruptcy Cases Under Chapter 15
(DBN)

Coming Soon to a Jurisdiction Near You: Streamlined Cross-Border Insolvency Proceedings
(DBN)

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Arbitration:

Fifth Circuit Dances On Head of Arbitration Pin
(DBN)

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Mediation:

“The Walls of the Mediation Room are Remarkably Transparent”: From a Study on Mediation Confidentiality
(DBN)

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Appeals:

Court of Appeals Dismisses Tronox Appeal for Lack of Jurisdiction
(DBN)

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Safe Harbors:

Supreme Court to Hear Case on Scope of Section 546(e)'s Safe Harbor
(DBN)

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Litigation:

The Value of Middle-Market Litigation Finance
(DBN)

How Not To Conduct Discovery
(DBN)

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Travel:

Lawmakers blast airlines, which say they're fixing problems • Contrite United CEO tells Congress that the 'horrible failure' of passenger being dragged off plane has spurred a 'turning point' • US lawmakers eye airline legislation, citing 'terrible' experiences • My Mexican Husband Was Accused Of Trafficking Our Daughter On A United Flight • Angry lawmakers say it's an 'absolute joke' that there's competition in the airline industry • House panel rips airline execs over customer service policies
(DBN)

Two men brawl on a plane before one passenger is arrested after ‘choking’ a stewardess while being ejected
(DBN)

American Decreasing Legroom Again
(DBN)

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Coal:

Coal Jobs Prove Lucrative, but Not for Those in the Mines
(DBN)

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Festivals:

The full story of Ja Rule's Fyre Festival disaster, ' bankruptcy ' and $100m lawsuit • Mark Geragos Files $100 Million Suit Against Fyre Festival • The Inside Story of How Fyre Festival Went Up in Flames
(DBN)

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Healthcare:

How the Affordable Care Act Drove Down Personal Bankruptcy
(DBN)

PVHC proposes $3 million settlement with former Hansen patients
(DBN)

People Split on How States Should Treat Sickest Americans
(DBN)

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Lehman:

Citigroup Battles Lehman in 'Tale of Two Citis' Trial
(DBN)

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Student Debt:

AG: students eligible to wipe out loans from defunct college
(DBN)

This government outage is putting millions of student loan borrowers at risk
(DBN)

These new policies could make it easier for student loan borrowers to get a mortgage
(DBN)

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Radio:

IHeartMedia is expected to disclose insolvency concerns
(DBN)

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Electricity:

April's Worst Bond Deal Shows Distress of U.S. Merchant Power
(DBN)

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Celebs:

Coming Clean! Teresa Giudice Pays Back More Creditors In Her Bankruptcy Case
(DBN)

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Prisons:

Prison Corp. Wrote Texas Incarceration Bill
(DBN)

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UK:

May: Brexit Talks Will Not be Easy • The EU's chief Brexit negotiator is about to unveil plans for hitting Britain hard in Brexit talks • The EU is threatening to ban Theresa May from taking part in Brexit talks • Brexit could cost Britain €100 billion up front • JPM is moving hundreds of London bankers to Dublin, Frankfurt and Luxembourg because of Brexit • Bill Ackman: Brexit is a blow to the JP Morgans of London
(DBN)

Marks & Spencer surprises by naming the CEO of a car parts retailer to run its struggling clothing unit
(DBN)

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EU:

Cross-Border European Insolvency in the Brexit Era
(DBN)

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PIIGS:

Relief map for Greek debt? Not without a fight or two • Greece agrees to new bailout terms — and more austerity • A Fresh Bailout Deal for Greece • IMF's European chief says board still wants debt relief for Greece
(DBN)

Italy to loan Alitalia $650 million as it seeks a new buyer • Italian Government Approves Alitalia Bankruptcy , Bonds Collapse • Alitalia's collapse into administration deals blow to Etihad • Alitalia Shareholders Make Last Bid to Revive Failing Airline • Etihad unable to prop up bankrupt Alitalia • After two gov't bailouts, Italy's Alitalia airline is again bankrupt • Bankrupt Again, This Time Alitalia Will Struggle to Find Rescuer • Etihad pays the price for its misjudged Alitalia endeavor • Alitalia sale process to kick off within 15 days - minister
(DBN)

There have been extensive amendments to the voluntary reorganization procedure in Greece
(DBN)

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Canada:

Walton International seeks bankruptcy protection in Canada
(DBN)

Court rejects U.S. pension claim in Canadian CCAA proceeding
(DBN)

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MENA:

Hezbollah on the Verge of Bankruptcy, Intel Assessments Suggest
(DBN)

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Japan:

Brave is the auditor that takes on Toshiba's accounts
(DBN)

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MENA:

Dana Gas to start sukuk restructuring talks with creditors
(DBN)

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Brazil:

Orascom gives Brazil's Oi until June 1 for reorganization plan
(DBN)

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