May 8, 2017

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Dewey retrial jury eyes execs' actions in $150 million bond offering Second Dewey & LeBoeuf Jury May Be Bracing for a Long Deliberation
(DBN)

Legal industry jobs bounce back in April after rough start to 2017 Jobs Report Shows Slight Improvement for Legal Employment in April
(DBN)

Artificial Intelligence Closes In On The Work Of Junior Lawyers
(DBN)

Top 12 Reasons Why Associates Switch Law Firms
(DBN)

ABA expresses concern about border searches of lawyer laptops and other electronic devices
(DBN)

How to be a lawyer without going to law school
(DBN)

Law Student's Harassment and Bullying Ran Amok, Claims Professor's Suit
(DBN)

A law student used Harry Potter-style invisible ink to sneak 24 pages of ‘unauthorized notes’ into exam
(DBN)

ABA Rejects 2U-Syracuse Initial Proposal For A Hybrid Online J.D., While Other 2U-Syracuse Graduate Programs Are Flourishing With Over 1,700 Students
(DBN)

Law firm partner owes former secretary $80,000 for unpaid OT, California jury finds
(DBN)

4 red flags laterals should watch for to spot a toxic firm
(DBN)

How To Become A High-End Law Firm
(DBN)

The Pink Ghetto: Sickening Examples Of Harassment In Law Firms
(DBN)

Kirkland Ellis partner likely to be tapped for DOJ criminal chief
(DBN)

Big Law Partner Makes Lateral Move for a Lifestyle
(DBN)

Cleary Gottlieb: Making disclosures to auditors without waiving privilege
(DBN)

Indiana attorney sanctioned for helping Florida firm that allegedly fleeced clients
(DBN)

Atty who went MIA on two federal cases and practiced while ineligible suspended for 2 years
(DBN)

The First To Law School
(DBN)

Law students are more likely to be psychopaths than their psychology-studying peers — but economics and business students are the ‘darkest’
(DBN)

18 at Penn State Fraternity Charged in Death
(DBN)

Woman who sued ex-attys saying $1.5 million settlement was too small has suit removed to Illinois federal court
(DBN)

Texas Adoption Agencies Could Now Reject Jewish, Muslim, or Gay Adoptions
(DBN)

U.S. Life Sentences Have Nearly Quintupled Since 1984
(DBN)

Trump travel ban: Virginia appeals court hears arguments in crucial next stage
(DBN)

San Diego Police Shoot Kid with BB Gun
(DBN)

Trump Seeks to Dodge Suit by Supporters Who Beat Protesters
(DBN)

Kirkland & Ellis’ graduate recruitment website inadvertently promotes Viagra
(DBN)

We Crown A Law Revue Winner!
(DBN)

Texas governor signs ban on so-called 'sanctuary cities'
(DBN)

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Judges:

AL. Judge: Segregation is Good for Black Kids
(DBN)

Man in the middle: Chief Justice Roberts leans to the left
(DBN)

Judges Standing Up For Other Judges In The Wake Of Political Personal Attacks
(DBN)

‘Fake Law’: The Latest Effort To Delegitimize The Judiciary And The Constitution
(DBN)

Trump to Announce Slate of Conservative Federal Court Nominees
(DBN)

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Wall Street:

Wall Street stocks set to struggle after French vote
(DBN)

S&P, Nasdaq notch record close ahead of the French election; Apple hits all-time high
(DBN)

Signs abound that the U.S. stock market is headed higher
(DBN)

Why Warren Buffett told his wife to buy index funds rather than Berkshire’s stock
(DBN)

Get ready for dramatically lower stock market returns over the next decade
(DBN)

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Layoffs:

Cintas will close former G&K headquarters in Minnetonka, lay off 232
(DBN)

Layoffs: Auto Industry's Uncertain Summer
(DBN)

Ford Touts Plant to Trump, Then Lays Off 130
(DBN)

White House Proposal Would Slash Budget for Drug Czar’s Office by 95%
(DBN)

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Healthcare:

Campbellton-Graceville Hospital declares bankruptcy , making cuts
(DBN)

Trustee Sues Doctors at Humble Surgical Hospital Over Alleged Billing Fraud
(DBN)

Closure of Texas diabetes centers catches some patients, staff off guard
(DBN)

How the GOP vote to undo Obamacare could affect the places that went for Trump
(DBN)

One state shows the chaos Trump is wreaking on the Obamacare exchanges
(DBN)

4 key takeaways for attys from the AHCA
(DBN)

Why 60 percent of small-business owners want Obamacare repealed
(DBN)

GOP Struggles to Explain AHCA’s $880 Billion Medicaid Cuts
(DBN)

Warren on ObamaCare Replacement: 'Families Will Go Bankrupt, People Will Die' How the Affordable Care Act drove down personal bankruptcy GOP Rep. Nobody Dies from Losing Health Care
(DBN)

Republicans’ plan to protect sick people has a long history of not protecting sick people
(DBN)

How Kentucky, one of Obamacare's biggest success stories, is leading the charge to dismantle it
(DBN)

TrumpCare is Really About Tax Cuts
(DBN)

A huge section of the GOP bill undoing Obamacare isn’t actually about Obamacare
(DBN)

Health Act Repeal Threatens to Strike Economy’s Engine
(DBN)

Death Spirals and Other Problems the Republican Health Plan Doesn't Solve
(DBN)

'Let Me Finish My Point': Ryan Flustered by Stephanopoulos Over Healthcare Bill Questions
(DBN)

Obamacare had 79 committee hearings before it passed. Trumpcare had none
(DBN)

The 'Oracle of Omaha' Condemns Republican Health Care Bill At Berkshire Meeting
(DBN)

Free-standing emergency rooms offer costly convenience
(DBN)

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Politics:

Jared Kushner's family is trying to raise $150 million from Chinese investors in exchange for US visas
(DBN)

What Trump Got Right and Wrong About Andrew Jackson Why Trump's Orders Are Ringing Hollow The Many Scandals of Donald Trump Polls show that Trump’s base is holding firm. But that shouldn’t give him comfort
(DBN)

Anger Over Removing Confederate Statues Protesters, Counterprotesters Face Off over Confederate Statues
(DBN)

The new doomsayers taking up arms and preparing for catastrophe: American liberals
(DBN)

Political Ads Step Up Pressure in Health-Care Debate
(DBN)

Court orders release of Benghazi-related emails from Clinton
(DBN)

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Cemeteries:

Long Beach’s Sunnyside Cemetery, steeped in history, struggles on the edge of insolvency
(DBN)

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Retailing:

Everything Must Go: Retail Chapter 11 Filings
(DBN)

Gander Mountain files bankruptcy , closing all locations Bankruptcy court OKs Gander Mountain sale Gander Mountain closing? Not so fast says new owner Marcus Lemonis Camping World Announces Goal of Operating 70 or More Gander Mountain Stores Following Planned Acquisition
(DBN)

The Long, Hard, Unprecedented Fall of Sears
(DBN)

Gymboree could close up to 350 retail stores as bankruptcy looms Gymboree Plans Store Closures as Part of Upcoming Bankruptcy Filing
(DBN)

Sunday marks final day of business for MC Sports stores
(DBN)

It's more than Amazon: Why retail is in distress now
(DBN)

Why Retailers Are Going Broke at a Record Pace
(DBN)

Kmart Bankruptcy, Part Deux
(DBN)

Report: Hudson's Bay Taps Debt Adviser To Review Neiman Marcus Bid Bid for Neiman Marcus faces hurdles, spurring Hudson's Bay to tap debt adviser, sources say
(DBN)

American Apparel Website May Ask: How Much Do You Want Made-in-the-USA?
(DBN)

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Gambling:

Caesars: Poised For A Takeoff Or A Rocky Post-Bankruptcy Landing This Summer?
(DBN)

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Mass Torts:

J&J hit with $110 million verdict in suit alleging talc caused woman's ovarian cancer $110M award in talcum powder case is largest award in suits claiming link to ovarian cancer
(DBN)

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Non-Profits:

YMCA files for Chapter 11 bankruptcy protection
(DBN)

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Education:

Students At Bankrupt For Profit College Could Get Loan Relief
(DBN)

______________

Aviation:

Etihad to Inject $382 Million Into Struggling Air Berlin
(DBN)

______________

Economy:

Unemployment Has Nowhere to Go But Up for Trump
(DBN)

Economy Added 211,000 New Jobs in April April Employment Report: 211,000 Jobs, 4.4% Unemployment Rate A Solid Employment Report The Unemployment Rate Drops to 4.4 Percent: What the Analysts Are Saying Unemployment rate drops to lowest level in a decade in April as economy adds 211,000 jobs The Obama economy continues: Unemployment reaches a 10-year low three months into Trump’s term
(DBN)

America’s economy has been made adequate again
(DBN)

Consumer spending growth slows in April - Visa
(DBN)

Fed Nowcast stands at 1.8% for 2017:Q2.
(DBN)

Public and Private Sector Payroll Jobs: Carter, Reagan, Bush, Clinton, Bush, Obama, Trump
(DBN)

The Impossible Math of Trump's Tax Cut Plan
(DBN)

Men Slowly Return to the Labor Force
(DBN)

USA jobs surge clears the way for interest rate rise
(DBN)

How Zombie Companies Stop Productivity Growth
(DBN)

Health Act Repeal Could Threaten U.S. Job Engine
(DBN)

Treasury Secy says Trump believes in 'reciprocal' free trade
(DBN)

Options Signal Pragmatism May Trump 'America First'
(DBN)

Who Are the Faces of Our Gig Economy?
(DBN)

Older Worker Rate Highest Since 1962
(DBN)

GE CEO: Trump is Right on Trade
(DBN)

Ross: Canadian Trade Retaliation is Not Right
(DBN)

Mexico Could be the Winner With New NAFTA
(DBN)

Trump's Buy American Campaign Not Working
(DBN)

Top US Contractors Outsourced Jobs
(DBN)

Warren Buffett Is Making Plans for a Lower Tax Rate
(DBN)

Heavy Duty Truck Orders Remain Solid
(DBN)

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

AAR: Rail Traffic increased in April
(DBN)

Killing Banking Rules Will Invite a Whopper of a Recession
(DBN)

Can Low-Wage Industries Survive Without Immigrants and Refugees?
(DBN)

A Wall Street bear warns 'bad things are about to happen,' and a recession is on the way
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

______________

Real Estate:

Assigned Rents Not Bankruptcy Estate Property After Assignment is Enforced
(DBN)

Failed DeKalb ‘Grand Empire’ backers pay $4.6 million for alleged fraud
(DBN)

____________

Municipalities:

John Roberts appoints New York judge to oversee Puerto Rico bankruptcy Judge in Puerto Rico's Debt Lawsuit Handled Major Financial Cases Chief Justice Roberts Picks Judge Laura Swain Puerto Rico Judge Handled Seinfeld Cookbook, Madoff Cases Judge Will Work From San Juan Who Is Laura Swain? Puerto Rico governor 'hopeful' over judge Judge Laura Taylor Swain to preside over Puerto Rico's $70 billion bankruptcy case
(DBN)

Puerto Rico Is Approaching a Steep Precipice
(DBN)

Puerto Rico's Debt Crisis Threatens the Rest of the US
(DBN)

Ricardo Rossello, Puerto Rico's young governor
(DBN)

Puerto Ricans Face 'Sacrifice Everywhere' on an Insolvent Island
(DBN)

Market Ignores The Largest Municipal Bankruptcy In U.S. History
(DBN)

Puerto Rico closes 184 schools after filing for bankruptcy
(DBN)

Bond Insurers Hold Up Against Puerto Rico Bankruptcy Exposure
(DBN)

Puerto Rico Faces Backlash After Litigation Freeze Expires
(DBN)

Our Bankrupt Policy for Puerto Rico
(DBN)

What is Title III and Why is Puerto Rico in It?
(DBN)

Bond Insurers Hold Up Against Puerto Rico Bankruptcy Exposure
(DBN)

Puerto Rico's bankruptcy is the next step in its slow dance of default
(DBN)

Puerto Rico bankruptcy: Archbishop's suggestion becomes forced reality
(DBN)

Puerto Rico files for bankruptcy in last-ditch attempt to sustain public services
(DBN)

Puerto Rico Somewhat Unique Among U.S. Municipal Bankruptcies
(DBN)

Puerto Rico's only hope
(DBN)

Message of Puerto Rico debt crisis: Easy bets sometimes lose
(DBN)

Puerto Rico's Bankruptcy a 'Dramatic Reshaping' of Muni Risk
(DBN)

5 Facts about Puerto Rico's utter economic misery
(DBN)

Puerto Rico's ' bankruptcy a warning to Illinois Puerto Rico is the frightening Ghost of Illinois Future
(DBN)

Puerto Rico: A Debt Problem That Kept Boiling Over
(DBN)

Puerto Rico's Bankruptcy is the Canary in the Coal Mine
(DBN)

Puerto Rico has officially gone bankrupt . In a way, that's good news.
(DBN)

Puerto Rico Bond Default Called Over Fiscal Plan's Debt Cuts
(DBN)

Woman who Destroyed Ukraine's Economy, doing same to Puerto Rico
(DBN)

A Neighbor Grapples With Same Woes That Led Puerto Rico to Brink
(DBN)

Tracking Detroit's Economic Recovery After Bankruptcy
(DBN)

Tracking 25 Years of Rebirth and Ruin in Detroit
(DBN)

Nobody Wins If Hartford Goes Bankrupt
(DBN)

______________

Oil/Gas:

Oil bankruptcies slow, even as market recovery wobbles
(DBN)

Mon: Oil rebounds as Saudi Arabia hints at supply cuts beyond 2017 Oil up as OPEC cuts outweigh U.S. drilling boom
(DBN)

Could Oil Drop To $42
(DBN)

Brimming U.S. oil storage tanks to feel OPEC cuts last
(DBN)

U.S. Oil And Gas To Contribute $1.9 Trillion To U.S. GDP By 2035
(DBN)

Goldman says oil prices on the brink of ‘capitulation’
(DBN)

Houston energy co. emerges from bankruptcy under new name
(DBN)

Oil prices at five-month lows following Russian indecision
(DBN)

How Much Further Could Oil Prices Fall?
(DBN)

OPEC Runs Out of Options as Bid to Boost Oil Price Fizzles OPEC faces high-stakes decision as oil prices take a bruising
(DBN)

Hedge Funds Pull The Rug Out From Under The Market
(DBN)

The Elusive Benefits of OPEC's Oil Output Plan
(DBN)

The commodity conundrum — why are prices so weak?
(DBN)

Rig count rises for 16th straight week Oil: Slower Growth for Rig Count
(DBN)

U.S. Oil Producers Becoming Increasingly Self-Destructive
(DBN)

______________

Food/Beverage:

Central Grocers Files Chapter 11; Owes PNC-Led Group $200MM
(DBN)

Chains are banking on this new strategy to combat the restaurant apocalypse
(DBN)

Joe's Crab Shack, Brick House Tavern owner said to prepare bankruptcy filing
(DBN)

______________

Nuclear:

Toshiba bankruptcy threatens Moorside
(DBN)

______________

Transportation:

All Resort Group, a large transportation firm, seeks bankruptcy
(DBN)

______________

Festivals:

Fyre Festival organizers threatened against those posting negatively about it on social media, suit says
(DBN)

______________

Celebs:

"Dance Moms" star says creditors weren't harmed by scheme to hide $755,000 in bankruptcy case
(DBN)

Abby Lee Miller might possibly face 30 months jail time
(DBN)

______________

Fraud:

Receiver for company accused in $28M Ponzi scheme drops sanctions against alleged ringleader's former attorney
(DBN)

‘Financial predator’ who bilked business partners, widow faces sentencing in Seattle
(DBN)

Former Austin concert promoter gets 10 years in prison
(DBN)

______________

Student Debt:

NACBA Applauds Bipartisan Effort to Discharge Excessive Student Loan Debt
(DBN)

The Wrong Way to Fix Student Debt
(DBN)

System to collect defaulted Student Loan no longer working
(DBN)

______________

Lehman:

Lehman Employees Denied Bankruptcy Preference Vested Stock Compensation Considered Securities in Lehman Bankruptcy Case
(DBN)

______________

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 (30 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (66 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)

______________

UCC:

GM trust, lenders wrap testimony phase in bellwether bankruptcy court trial over $1.5 billion loan
(DBN)

______________

Sales:

Want to make your client's offer stand out to a motivated seller? Here are 4 ways
(DBN)

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Bankruptcy Rules:

New Bankruptcy Rules to Take Effect December 1, 2017
(DBN)

______________

Cross-Border:

Upside Down in Chapter 15 Can U.S. Entities Qualify as “Foreign” Debtors in the U.S.?
(DBN)

Chapter 15 and Cross-Border Insolvency
(DBN)

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Reclamation:

"The Chapter 11 Vendor Game Changer: Section 503(b)(9) Claims
(DBN)

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Litigation:

Mandatory Disclosure of Third-Party Litigation Funding: Up Next?
(DBN)

Lit Funders Get a Little Sunshine - Whether They Want It or Not
(DBN)

Courts Are Local By Nature: Prepare Yourself For Each Court’s Differing Practices And Culture
(DBN)

______________

Banking:

Shareholder suit against Wells Fargo board can go on
(DBN)

Warren Buffett slams Wells Fargo’s handling of massive sales scandal
(DBN)

______________

Museums:

13 of the biggest product flops featured in new 'Museum of Failure'
(DBN)

______________

Marijuana:

Trump pushes back against ban on state medical marijuana interference Trump indicated where he stands on medical marijuana for the first time since he took office
(DBN)

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Coal:

Coal Just Can’t Compete, Despite Trump’s Promises
(DBN)

______________

Climate:

EPA dismisses half of its scientific advisers on key board, citing ‘clean break’ with Obama administration
(DBN)

______________

Travel:

Delta employees threatened to put a couple in jail. Can they really do that?
(DBN)

______________

Shipping:

DSME Bailout Faces Delays on Individual Investors' Opposition
(DBN)

Rickmers Maritime says no AGM to save cash for creditors
(DBN)

______________

Radio:

iHeartRadio costs jump in latest quarter, adding to suspicion its days are numbered
(DBN)

______________

Corporate Governance:

Chancery Enforces Advancement Rights of Former Directors
(DBN)

______________

Agriculture:

McMartin bankruptcy update
(DBN)

Farms exceed Chapter 12 bankruptcy debt
(DBN)

______________

Autos:

Inside VW's Campaign of Duplicity
(DBN)

GM could be facing large losses
(DBN)

______________

Taxis:

Uber's PR Crises Show No Signs of Letting Up Following lawsuit and embarrassing viral video, Uber hit with DOJ investigation
(DBN)

______________

UK:

The truth about the class divide in Britain
(DBN)

Give children money classes says bankrupt TV star Gail Porter
(DBN)

BOE sets expectations for UK banks' bail-in capital
(DBN)

Businessman suing RBS over alleged conspiracy faces case dismissal
(DBN)

A Hard Brexit Could Spell Disaster For UK Oil And Gas
(DBN)

Insolvency Service clamps down on bankrupt gamblers
(DBN)

No intention? No notice!
(DBN)

______________

PIIGS:

Alitalia Goes Bankrupt for the Third Time: Is This the End? Bankrupt Alitalia had debts of $4.4 billion at end of February Alitalia bankruptcy could further weaken soft market for Boeing and Airbus widebodies Comments on the Impact of Alitalia Extraordinary Administration Request on Aircraft Lessors
(DBN)

Greece reaches deal with creditors on fresh bailout
(DBN)

______________

Canada:

How neighborhood malls are struggling to survive
(DBN)

Walton International in creditor protection
(DBN)

______________

Australia:

Court rebukes ‘waste’ of lawyers piled on bankruptcy matter
(DBN)

Insolvency laws punish honest failures
(DBN)

Family behind collapsed builder accused of receiving millions
(DBN)

______________

German:

Chapter 11 German Style
(DBN)

______________

India:

Bad loans crisis: Now, Supreme Court asks RBI on what steps it is taking to tackle sour debt
(DBN)

RBI issues timeline for faster resolution of banks' NPAs
(DBN)

Reserve Bank of India given new powers against defaulters Empowered RBI to deal with bad loans, to fine erring bank RBI will now deal with $150 billion bad debt problem India moves resolution of $150 bln bad debt problem into cenbank's court Getting the regulator to clean up the banks' mess
(DBN)

Govt, RBI get cracking on bad loan problem
(DBN)

Patel's War on $180 Billion India Bad Debt Gets Modi Support
(DBN)

Bad loan cleanup: NPA problem concentrated on a very few cases, free riders will not be allowed to carry on, says Sanjeev Sanyal
(DBN)

India's Bad-Debt Crisis Cleanup Faces a Long Day in Court
(DBN)

Bankruptcy courts will spring to life as government targets bad loans
(DBN)

______________

Argentina:

Argentina Inc. Gets Tough Love as Macri Sticks to His Guns
(DBN)

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China:

China credit squeeze dents global growth
(DBN)

______________

Hungary:

Proposed changes to the Hungarian Bankruptcy Code
(DBN)

______________

Bahamas:

Baha Mar: Statement from Grant Lyon, expert on bankruptcy and restructuring
(DBN)

______________

France:

Macron Wins Macron Defeats LePen by Nearly 2-to-1 Now for Macron’s toughest task: Keep the EU from collapsing With Macron’s victory, EU leaders can finally exhale Macron and the Revival of Europe Stocks, euro dip as Macron win shifts focus to economy In France, the 'Can't Lose' Candidate Pays a Price Unbowed Le Pen looks ahead to parliamentary elections
(DBN)

______________

Venezuela:

Venezuela Is Starving
(DBN)

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