May 30, 2017

The Daily Bankruptcy News

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Law:

Judge Tosses Racial Discrimination Suit Against Cleary
(DBN)

The State Of The Job Market
(DBN)

Ex-Orrick CEO Reportedly Mulling Congressional Run
(DBN)

Asked and Answered: The Story in This Year's AmLaw Numbers
(DBN)

5 Ways In Which The Business Of Law Is NOT Changing Anytime Soon
(DBN)

Columbia law prof’s age bias complaint is without basis, university contends in motion to dismiss
(DBN)

What’s Up With The Bar Exam?
(DBN)

Law School Ordered To Post $1.5M Surety Bond In Case It Closes • Arizona Summit ordered to post $1.5M bond to repay students if the school closes
(DBN)

Make The Right Career Choices, Even If (Maybe Especially If) They Are Not Traditional Ones
(DBN)

Saul Ewing in merger talks
(DBN)

3 Signs You May Be On Your Way Out Of The Practice Of Law
(DBN)

Allentown attorney sanctioned for mishandling bankruptcy cases
(DBN)

Prosecutors scoff at indicted Philly DA's bid to trim charges, limit testimony
(DBN)

Using these 4 platforms could help you network your way into a job
(DBN)

How to show a potential mentor you're not a waste of their time
(DBN)

Fighting Expenses and Competition, Some Firms Rethink China Strategies
(DBN)

Trump condemns deadly Portland knife attacks, says 'victims were standing up to hate' • Teen on Portland Train: They Died for Me
(DBN)

Woman sues ‘Jelly Belly,' claims she didn't know jelly beans contained sugar
(DBN)

11 things that help us get ready in the morning faster • How to Sleep
(DBN)

Muslim man sues Little Caesars for $100M over pork on pizza • Claims 'halal' was a lie
(DBN)

Man, 82, tackles woman who allegedly attacked his wife
(DBN)

Tiger Woods arrested on DUI charge
(DBN)

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Judges:

BK SD FL: Bankruptcy Judge Wanted For West Palm Beach
(DBN)

The Passing of Judge William H. Gindin
(DBN)

Longtime U.S. Bankruptcy Court Judge Arthur Votolato dies
(DBN)

Some Temporary Bankruptcy Judgeships to Expire May 25
(DBN)

Judge considers holding lawyers, anti-abortion leader in contempt for posted links to banned videos
(DBN)

GOP Senate leaders consider changing ‘blue slip’ practice for appeals judges
(DBN)

NJ's top federal judge passing the torch to 1st Hispanic chief judge
(DBN)

Spectator is found in contempt of court after snapping fingers at officer’s murder hearing
(DBN)

The Crazy Reason Why Barack Obama Didn’t Want To Be A Supreme Court Clerk
(DBN)

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Wall Street:

Futures point to lower open on Wall Street; economic data in focus
(DBN)

Why one hedge-fund titan is bracing for ‘all hell to break loose’ in the stock market
(DBN)

Consumer confidence, jobs to highlight packed stock-market week
(DBN)

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Layoffs:

LSC Communications to close Virginia Book Printing Plant - 140 layoffs
(DBN)

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Politics:

Restructuring Pro Prepares His Toughest Turnaround Yet: The Democratic Party
(DBN)

Homeland security secretary Kelly: 'I don't see any big issue' in Kushner-Russia back-channel • Trump is reportedly considering a 'war room' to hit back at the escalating Russia controversy • 'This is off the map': Former intelligence officials say the reported Kushner-Russia plan is unlike anything they've ever seen • Report suggests potentially alarming development in Jared Kushner's meeting with the head of a sanctioned Russian bank • The Trump administration is skirting the biggest question about Kushner-Russia ties • Here’s One Credible Reason to Doubt the Russia-Kushner Story • Former CIA Director: 'Now we know' why Trump officials talking to the Russians may have been 'unmasked' • Investigators are reportedly looking into why Kushner met with a Putin-linked Russian banker • Kushner was asked to ‘lay low’ after Russia-related reports, source says • US senator calls for probe into promotion of Kushner Cos deal • Inside Obama's Secret Outreach to Russia
(DBN)

Trump: 'It's very possible these sources don't exist': Trump accuses reporters of making up anonymous sources • Trump tells confidants U.S. will quit Paris climate deal • Trump returns home after his first foreign trip to a slew of challenges • Trump's 'America First' approach is a radical shift on foreign policy • Trump blasts 'fake news' in new broadside against media, and condemns DC leaks • Trump makes puzzling statements in pair of policy tweets • Cities Join the Call for Trump Impeachment • Trump's Trip Was a Catastrophe for U.S.-Europe Relations • Rich CEOs Have the President's Ear • U.S. veterans are generally supportive of Trump
(DBN)

Merkel: Germany can no longer 'fully rely' on the US • What Was Merkel Thinking? • Germany unleashes on Trump: He has 'weakened' the West • 'The chancellor's words stand on their own': Germany doubles down on Merkel's controversial remarks • Trump believes Germany ‘very bad’ on trade, Cohn says • Fact check: President Trump and NATO • Fact Check: Deals struck on his first foreign trip as president made and saved "millions of jobs."
(DBN)

The GOP's health-care bill is a polling disaster, and risky for pols
(DBN)

Shoving Match on Texas House Floor... 'I'll put a bullet in your head' • TX: Reps Threaten to Call ICE on Protesters
(DBN)

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Personal Finance:

6 truths about money that are tripping you up
(DBN)

Want to be a millionaire? Nowadays $1 million may not be enough to retire on
(DBN)

Mark Cuban: 'Don't use credit cards'
(DBN)

Why working from home may be making you miserable (and how to fix it)
(DBN)

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Autos:

Drivers are holding on to their cars longer than ever. Here's why that's both good and bad
(DBN)

Tesla Model X is Not Selling
(DBN)

US banks pull back from $1.2tn car loans market
(DBN)

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Food/Beverage:

Will Marsh retirees lose their pensions?
(DBN)

Everyone's into meal kits like Blue Apron...until they're not
(DBN)

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Maritime:

Who Is DryShips' Investor?
(DBN)

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Awards:

Chambers 2017: Bankruptcy/Restructuring — Nationwide
(DBN)

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Coal:

Trump Aide: Coal Doesn't Make Sense Anymore
(DBN)

Coal company goes bankrupt and water customers get soaked
(DBN)

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Celebs:

‘Dance Moms’ Abby Lee Miller: prison will not stop her from producing shows
(DBN)

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Nuclear:

Firms said to be preparing bids for Georgia's nuclear project
(DBN)

Nuclear Power Project Still Idle After Facing Bankruptcy , Controversies
(DBN)

Fabricators Wait Out Westinghouse Bankruptcy
(DBN)

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Distressed Investing:

Jefferies Said to Hire Morgan Stanley's Miesner for Distressed
(DBN)

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Banking:

May 2017: Unofficial Problem Bank list declines to 140 Institutions
(DBN)

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Hedge Funds:

Once considered the titans of Wall Street, hedge fund managers are in trouble
(DBN)

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Gambling:

Casino’s new owner gambles on big changes to Taj Mahal
(DBN)

Caesars on the Brink of Exiting Bankruptcy
(DBN)

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Environmental:

Tenth Circuit Finds CERCLA Contribution Claim Not Barred By Bankruptcy Approval Of A Settlement Estimating Liability For The Site
(DBN)

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Economy:

Economy wasn't as bad as it looked in first quarter, GDP shows • The disappointing US economy keeps coming up short
(DBN)

Credit scores hit record high as recession wounds heal • Americans' Credit Scores Reach All-Time High
(DBN)

Millions Of Americans Just Got An Artificial Boost To Their Credit Score
(DBN)

Q1 GDP Revised up to 1.2% Annual Rate
(DBN)

Q2 GDP Forecasts
(DBN)

Fed Nowcast stands at 2.2% for 2017:Q2
(DBN)

Rural America Is the New 'Inner City'
(DBN)

How globalization plunged many Americans deeper in debt
(DBN)

San Francisco Fed's Williams: US economy doesn't need a fiscal package
(DBN)

The economy seems frozen in time, but underneath the ice the water is warming
(DBN)

Trump Tax Plan Lands with Thud in Middle US
(DBN)

Few Americans support cuts to most government programs, including Medicaid
(DBN)

Ex-CBO Head: Trump Budget Not That Bad
(DBN)

Imagine if everyone in the world had a fiduciary duty to act in your best interest
(DBN)

The sad reason half of Americans don’t take all their paid vacation
(DBN)

U.S. companies no longer know rules of game under Trump, Hasbro director says
(DBN)

As Trump and Trudeau chat about bilateral trade, NAFTA remains the elephant in the room
(DBN)

When Bill Gates and Mark Zuckerberg sound the same dire warning about jobs, it’s time to listen
(DBN)

Most millennials think they can learn to parent by getting a dog
(DBN)

Credit Scores Hit Record High as Recession Wounds Heal
(DBN)

Mark Zuckerberg: Success comes from 'the freedom to fail'
(DBN)

This remote factory is where Trump may finally draw the line on trade
(DBN)

Mark Yusko: 'The US is going to have a crash and it will be massive'
(DBN)

Japan's demographic time bomb is a bad omen for the US
(DBN)

America's government debt isn't a problem right now, but that could change
(DBN)

This is why baby boomers are divorcing at a stunning rate
(DBN)

Lawmakers aren't ready for a bruising debt ceiling battle, but it may be coming sooner than expected
(DBN)

Self-made millionaire to millennials: Don't live with your parents
(DBN)

Afghan and Iraq Wars: Our $6 Trillion Bill
(DBN)

Noncompete Clauses for Too Many Workers
(DBN)

Hotels: Hotel Occupancy Rate Flat Year-over-Year
(DBN)

Trump’s Rosy GDP Projection Masks Larger Economic Growth Concerns
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

9th Cir En Banc Gets It Right in Sunnyslope
(DBN)

A likely shift in the mortgage market is creating 'prisoners' in housing
(DBN)

Freddie Mac: Mortgage Serious Delinquency rate unchanged in April
(DBN)

Big drop in mortgage rates juices refinances, but doesn't seduce buyers
(DBN)

Fed’s Kashkari is wrong about the housing bubble
(DBN)

Mack Industries bankruptcy trustees seek subpoena power, investigation
(DBN)

Ocwen Fined for Violating Bankruptcy Injunction
(DBN)

Is Housing Catching Up?
(DBN)

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Municipalities:

Hartford looking to state to help prevent bankruptcy
(DBN)

Why two attorneys are appealing San Bernardino’s bankruptcy decision
(DBN)

Next for Detroit? Find uses for 900 vacant manufacturing sites
(DBN)

Poor land deals pushed Dallas pension fund toward insolvency
(DBN)

Puerto Rico governor is searching for 'clarity' on $74B debt
(DBN)

Here are the top cities where U-Haul says people are packing up and moving
(DBN)

With state budget in crisis, many Oklahoma schools hold classes four days a week
(DBN)

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Oil/Gas:

Crude oil falls as traders return from holiday • Oil slips on oversupply worries despite OPEC deal
(DBN)

Are Oil Prices $7 Too High?
(DBN)

OPEC is falling short on its promise to do 'whatever it takes' to stabilize oil prices • Is This Saudi Arabia’s Newest Strategy To Boost Oil Prices?
(DBN)

Here’s some bad news for oil in 2018
(DBN)

Why U.S. Shale Stocks Are Ailing
(DBN)

U.S. rig count up in 19th straight weekly increase
(DBN)

Why Trump's plan to sell down US oil stocks is divided between 'misguided,' and about time
(DBN)

Naive Hedge Funds Bet Too Big On An OPEC Cut
(DBN)

Offshore seismic operator SeaBird Exploration proposes debt restructuring plan to creditors
(DBN)

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Retailing:

Why Banks Haven't Been Burned by Retail's Meltdown
(DBN)

Eerie never-before-seen photos from inside one of Chicago's abandoned malls
(DBN)

Walmart's online sales are exploding
(DBN)

Retail apocalypse has crippled teen job market
(DBN)

Sears Holdings: Earnings Remain Catastrophic
(DBN)

Payless Shoes Requesting to Close More Stores in Wake of Bankruptcy • Payless ShoeSource: Private Equity Examines Its Distressed Navel • Payless Vendors Take Aim at Company's Debt Restructuring and Private-Equity Backers
(DBN)

Uh-Oh! Now Even Dick's Sporting Goods Is Feeling the Pressure
(DBN)

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Travel:

The US is considering banning laptops on international flights • A laptop ban is on the table and may extend to all international flights, US Homeland chief says
(DBN)

Passenger tries to bite a flight attendant, then leaps off plane in NC, police say
(DBN)

Here's how much room you get on each of America's airlines
(DBN)

Why Wall Street is to blame for airline industry's customer service problems
(DBN)

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Student Debt:

Public servants took jobs counting on loan forgiveness. Trump might stiff them.
(DBN)

Guess How Many Borrowers Are Defaulting on Their Student Loans • Student Loan Debt In The US Is So High That Many Aren't Even Paying It
(DBN)

Congress must address student loan debt crisis, a national economic drag
(DBN)

Report: Women hold about 66 percent of US student loan debt
(DBN)

Heading to college in the fall? Here's why you'll need a bigger piggybank.
(DBN)

Trump Administration Considers Moving Student Loans from Education Department to Treasury
(DBN)

Feds Shut Down Alleged Scam Promising Student Loan Relief & Forgiveness
(DBN)

Why Trump's Education Plan Will Make Student Debt Crisis Worse
(DBN)

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Radio:

iHeartRadio parent may be shaping up for a bruising fight with its lenders
(DBN)

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Fishing:

Ngs will have six more months for Pacific Andes restructuring plan, court rules
(DBN)

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Healthcare:

NPHS bankruptcy jeopardizes Project HOME development
(DBN)

Obamacare hasn't collapsed, but Trump and the GOP might just let it
(DBN)

Trump calls for more spending on health care so it’s ‘the best anywhere,’ but he just proposed big cuts
(DBN)

Why Republicans are so bad at health care
(DBN)

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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 (4 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (186 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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Bankruptcy Statistics:

Weekly Bankruptcy Claims Trading Activity
(DBN)

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Litigation:

The Hidden Benefit Of Litigation
(DBN)

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Automatic Stay:

Bankruptcy Stay Extended to Pig Farm's Principals
(DBN)

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Jurisdiction:

Use of Accounting Term of Art in Arbitration Provision of Asset Purchase Agreement Narrows its Scope in Favor of Bankruptcy Court Jurisdiction Over Post-Closing Dispute
(DBN)

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Recharacterization:

Second Circuit: Reclassification of Claim as Equity Interest? Not Unless It Is Duplicative
(DBN)

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Bankruptcy Fees:

DOJ Bankruptcy Fee Overhaul Would Hike Chapter 11 Costs
(DBN)

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Ch. 13:

Judge Jaroslovsky: Debtors’ Attorneys Are Not Prohibited from Getting Fees When Chapter 13 Case is Dismissed Prior to Completion
(DBN)

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Proofs of Claim:

Supreme Court Debt Collection Ruling Problematic, Attorneys Say
(DBN)

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Currency:

Want to invest in bitcoin? Investors need to be willing to lose it all, adviser says
(DBN)

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Healthcare:

Big Obamacare insurer wants steep rate hike — but would have taken less if Trump, GOP funded payments
(DBN)

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Corporate Reform:

Financial Scholars Submit Letter to Congress Opposing Repeal of Title II
(DBN)

SEC Said to Consider Naming Wall Street Lawyer Enforcement Chief
(DBN)

Mary Jo White Doesn’t Expect Big Regulatory Changes Under Trump Admin
(DBN)

GOP Will Roll Back Wall Street Regulations
(DBN)

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Mining:

Battle heats up for control of sole US rare earth mine
(DBN)

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Construction:

'Crane King' has 11 days to pay $1.5M penalty: judge
(DBN)

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Debt Collection:

Suit accuses Discover Bank, debt collector of publicly disclosing credit scores
(DBN)

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Lehman:

2nd Circ eyes trader's recordings in $83 million Lehman Brothers pay spat
(DBN)

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Pharma:

Valeant: Will Equity Holders Survive Goldman's 'Restructuring Scenario'?
(DBN)

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Solar:

US seeking tariffs on solar panel imports • U.S. may put emergency tariffs on solar imports
(DBN)

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UK:

British Airways says most flights running after IT outage, but angry passengers face delays • More Heathrow flights canceled as travel chaos continues for British Airways passengers after global IT meltdown • Chaos continues for travelers delayed at Heathrow airport • The bill for British Airways’s IT carnage? $111 million, Citi estimates
(DBN)

British Airways parent’s stock drop helps pull FTSE 100 lower
(DBN)

'Toughen the laws on bankruptcy'
(DBN)

Rise of the phoenix department store: Billionaire Philip Day aims to revive dying breed in old BHS site - and fills it with brands bought from bankruptcy
(DBN)

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EU:

Payment Delays Soar as EU’s Small Businesses Offer Reality Check
(DBN)

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PIIGS:

Greece calls for debt relief deal in June, says lenders have no excuses • Draghi Says ECB Won't Buy Greek Bonds Before Debt Deal • New poll shows Greeks unconvinced by government narrative • Greece warns recovery threatened if debt deal is blocked at next talks
(DBN)

Monte dei Paschi says in exclusive talks over bad loan sale
(DBN)

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Canada:

Supreme Court of Canada could hear appeal of lawsuit involving auditors’ duty of care to non-shareholder lenders
(DBN)

The Bank of Canada is worried about home prices
(DBN)

High-rolling promoters of ill-fated Pemberton Music Festival give the rubes of B.C. an unapologetic rogering
(DBN)

The Zombification Of Canada
(DBN)

After eight years, Nortel Canada creditors finally get something • Nortel Canada to start paying billions to creditors
(DBN)

The Trump factor with Bedrock-owned Stelco
(DBN)

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Japan:

Japanese family life is falling apart — and the reasons why go back to World War II
(DBN)

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Nigeria:

14 Nigerian states insolvent
(DBN)

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Venezuela:

Goldman Sachs under fire for Venezuela bond deal • Venezuelan opposition threatens country won't pay Goldman Sachs' $2.8 billion bond deal • Is Goldman Sachs Playing With Fire In Venezuela? • Venezuela: Goldman is Financial Dictatorship
(DBN)

Venezuela Creditor Zeroes In on Citgo Brass
(DBN)

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Singapore:

Amendments to Companies Act Aim to Transform Singapore into Debt Restructuring Hub
(DBN)

Singapore shipyard orders hit by oil price slide
(DBN)

Strengthening Singapore's Statutory Restructuring Regime With Features From The US Chapter 11 Regime.
(DBN)

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India:

India’s Bad Debt Is Looking Better to Investors
(DBN)

Why India's Zombie Debt Imperils Modi's Plans
(DBN)

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Chile:

U.S. aid agency under scrutiny for loans in Chile
(DBN)

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Croatia:

Croatia in talks to save country's biggest private company
(DBN)

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Azerbaijan:

Azerbaijan has 'alternative' plan for IBA debt restructure
(DBN)

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Australia:

Creditors become a weaker Linc in the chain: You can’t disclaim the environment in insolvency
(DBN)

Scheming to protect creditors
(DBN)

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