May 9, 2017

The Daily Bankruptcy News

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Law:

Dewey & LeBoeuf Trial Ends in Guilty Verdict for Sanders; DiCarmine Cleared Jury convicts ex-Dewey CFO, frees executive director Former Dewey & LeBoeuf CFO Sanders Convicted of Fraud Dewey’s former CFO is convicted for misleading lenders; former executive director is acquitted Dewey & LeBoeuf Ex-CFO Guilty as Ex-Executive Director Goes Free
(DBN)

Trump admin considering Morgan Lewis partner to replace Bharara, sources say
(DBN)

Biglaw Firm Lays Off Stuffy Dress Code Instead Of Lawyers Lawyers ditch the suits after legal merger
(DBN)

Ex-state parole board boss blames Chicago lawyer for botching his bankruptcy, costing him state post
(DBN)

Former King & Spalding associate says he was fired for complaining about allegedly unethical activities of partners
(DBN)

We're Ladies, We Lunch and We Like It
(DBN)

Where is Tiffany Trump going to law school? Tiffany Trump Has Picked Her Law School
(DBN)

Legal sector gains jobs in April after three down months, data indicates
(DBN)

Troubled Law School To Hold Transcripts, Transfer Packets, Degrees Hostage Unless Students Pay Up
(DBN)

Purdue Is No Longer The Only Big Ten University Without A Law School
(DBN)

Jennifer Bard Resigns Cincinnati Law School Deanship, Receives Two Year Sabbatical ($300,000/Year) And Will Return To Tenured Faculty In 2019-20
(DBN)

Cozen O’Connor adds 20 lawyers from Buchanan Ingersoll
(DBN)

Kennedys targets further US expansion as firm eyes post-merger west coast move
(DBN)

Sedgwick partner settles equal-pay suit
(DBN)

The trouble with implementing cybersecurity rules in BigLaw
(DBN)

How to use tone of voice to stand out from the crowd
(DBN)

4 Things Not To Say To An Audience
(DBN)

Why lawyers are particularly vulnerable to mental health issues
(DBN)

If you're using LinkedIn like a digital résumé, you're doing it all wrong
(DBN)

I interviewed for a job and have not received any feedback. What are the reasons for the delay? When should I follow up?
(DBN)

The new iPad review: This is the best couch computer ever
(DBN)

Do you obsess about how you can’t fall asleep — which only keeps you awake even longer? This could change your life
(DBN)

The 12 Core Competencies that Define the Future of Legal Operations
(DBN)

Richard Susskind on the Growing Influence of the Legal Operations Boss
(DBN)

FBI paid $900,000 to hack into the San Bernardino killer's iPhone
(DBN)

Southern cities removing Confederate flags to make tourists comfortable
(DBN)

Trump administration seeks to convince judges to revive travel ban Trump's Words at Heart of Travel Ban Argument in Virginia
(DBN)

Trump Voters Lament Deportation of Neighbor
(DBN)

Texas Bans Something It Doesn't Even Have Texas governor signs controversial bill banning 'sanctuary cities' in the state
(DBN)

Woman Convicted for Laughing at Jeff Sessions
(DBN)

Pa. judge won't toss $2.3 million award in case accusing law firm of pursuing frivolous suit
(DBN)

Spanish Teacher Placed on Leave After Students Smash Trump Piñata for Cinco de Mayo
(DBN)

Lawyer who advised client to ‘relax’ in response to Facebook inquiries gets suspension
(DBN)

The Personal Trainer Who Whips Biglaw Attorneys Into Shape
(DBN)

Watchdog refuses to investigate high-flying lawyer accused of posing as movie star to con women into sex
(DBN)

Lawyers Sit Motionless in Worst Music Video Ever
(DBN)

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Judges:

Bankruptcy Judge Opening In Idaho
(DBN)

SDNY Judge to Oversee Puerto Rican Debt Filing
(DBN)

Meet President Trump’s first nominees to the lower federal courts
(DBN)

More Judicial Nominations From The Trump Administration
(DBN)

Trump's Smart Outsourcing of Judicial Picks
(DBN)

Supreme Court Shortlister Turned General Counsel Calls Out The Court (Plus Presidents And Congress Too)
(DBN)

Law Schools Play Prominently in Trump's Judicial Nominations
(DBN)

New judges were welcomed into ‘career paradise’ and told to obey the boss, says judge who quit
(DBN)

Manhattan Chapter 13 Cases Reassigned to Chief Judge Cecelia G. Morris
(DBN)

Fifth Circuit To Lawyer: Answer The Damn Question
(DBN)

Judge proposes sentence of $1 per grope for man convicted of harassment
(DBN)

Houston Judge Accused Of An Array of Misconduct
(DBN)

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Wall Street:

U.S. stock futures struggle to gain momentum as fears subside
(DBN)

One bullish indicator for stocks just reached a record
(DBN)

Jeff Gundlach just painted an ugly picture for US stocks
(DBN)

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Layoffs:

GM to lay off over 600
(DBN)

Lapeer auto supplier announces major layoffs through end of July
(DBN)

Ralph Lauren Cutting More Than 100
(DBN)

110 layoffs announced at Rochelle rail car facility
(DBN)

Kellogg to lay off more than 200
(DBN)

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Retailing:

Wall Street is expecting the worst of the retail apocalypse this week
(DBN)

Scott Galloway: Stop blaming Amazon for killing retail
(DBN)

Amazon Isn’t Killing Brick-and-Mortars -- This Group Is
(DBN)

Camping World to revive 70 Gander Mountain stores following acquisition
(DBN)

Warren Buffett just confirmed the death of retail as we know it
(DBN)

Illinois Star Centre Mall owners declare bankruptcy
(DBN)

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Politics:

Trump just got a big win on healthcare, but his agenda might take a lot longer than anyone expected Insiders say Trump keeps clashing with his national security adviser Washington Loves General McMaster, But Trump Doesn't The Kushners Add to Trump’s Growing Conflicts of Interest Tracking Trump's Conflicts and Controversies Sen. Sheldon Whitehouse: Something is preventing Trump from reaching 'obvious conclusions'
(DBN)

Trump defends Michael Flynn ahead of blockbuster Sally Yates testimony Obama warned Trump against hiring Flynn as national security adviser Eric Trump disputes claim that he said Trump golf courses were funded by Russia 'Outrageous' and 'groundless': It looks like Carter Page is not going to give the Senate what it wants Trump staffers reportedly removed top-secret documents from a secure facility 'He could be blackmailed by the Russians': Sally Yates explains why she warned the White House about Michael Flynn Yates Changes Her Tune Sally Yates Hearing on Russian Meddling: An Odd Display of Senatorial Bluster Trump trolls the media after former Obama administration officials testify on Russia investigation With Mike Flynn’s Russia ties, it was a matter of following the money trail
(DBN)

Ad Buy Seeks to Defend Ryan, House GOP After Health Care Vote
(DBN)

Why Macron Won And Clinton Lost
(DBN)

The FBI is scrambling to correct some of James Comey's testimony on Hillary Clinton's emails Comey’s Testimony on Huma Abedin Forwarding Emails Was Inaccurate
(DBN)

______________

Travel:

United Airlines flies woman to San Francisco instead of France United Airlines apologizes after sending woman to San Francisco instead of Paris Have 'miserable' airlines finally reached a tipping point?
(DBN)

Small cities to Trump: Don't kill our airline services
(DBN)

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Food/Beverage:

One of New York's most popular food delivery startups is suddenly shutting down
(DBN)

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Personal Finance:

12 small lifestyle habits you can adopt to save more money
(DBN)

______________

Corporate Reform:

U.S. SEC loses retrial in Florida bank case
(DBN)

______________

Health and Beauty:

GNC Struggles for Breathing Room on Debt
(DBN)

______________


Economy:

Fed's Mester Warns Against Falling Behind With Rate-Hike Pace
(DBN)

Fed Chair Janet Yellen has a cure for the lackluster economy. It has nothing to do with interest rates.
(DBN)

U.S. first-quarter performance should slow rush to next Fed rate hike: Bullard
(DBN)

U.S. inflation expectations edge up: NY Fed
(DBN)

Buffett: 'Be very, very, very suspicious' of a budget trick Trump is about to use
(DBN)

Forget taxes, Warren Buffett says. The real problem is health care.
(DBN)

Researchers have answered a big question about the decline of the middle class Why the lifetime earnings of American men are on a slow, inexorable decline
(DBN)

How the Fed Misinterprets Wage Growth
(DBN)

Trump’s Public-Private Infrastructure Vision Rejected in Texas
(DBN)

Mulvaney explains a 'good' government shutdown If Shutdown Needed to Fix Washington, ‘So Be It,’ Mulvaney Says
(DBN)

How to Raise an American Adult
(DBN)

Rural America Is Hungry
(DBN)

Millennials owe a record amount of debt, and it could become a huge drag on the economy
(DBN)

Yellen Says More Women in U.S. Workforce Would Help Boost Growth
(DBN)

Dimon: There is a 'national catastrophe' in American education, and 'we should be ringing the alarm bells'
(DBN)

Jamie Dimon: Trump's economic agenda is the right agenda
(DBN)

Wage and price growth ain't what they used to be, even at low unemployment. Here's what that implies for policy.
(DBN)

35 of 37 economists said Trump was wrong. The other two misread the question. Economists Agree: Trump’s Tax Cuts Won’t Pay for Themselves Bernanke Rejects Trump Tax Plans Trump Tax Plan Headed Towards a Brick Wall
(DBN)

These 2 charts show Wall Street thinks Trump's tax plan won’t help stocks until next year
(DBN)

Here's how much a Big Mac costs in 21 countries around the world
(DBN)

Trump slammed this Indiana factory on Twitter. Union leaders say he’s all talk.
(DBN)

Actually, Americans Don't Spend Too Much
(DBN)

The Busted Myth of Tax Repatriation
(DBN)

A Boost for the Poor Makes Everyone Richer
(DBN)

America Is Forgetting Why We Share Things
(DBN)

The 24 major cities with the highest salaries in the world
(DBN)

Roubini: Why are markets ignoring the black swans?
(DBN)

Here’s the job you’ve never heard of that has the most help-wanted signs out now
(DBN)

Things are looking up for the college class of 2017 — but not their high school peers
(DBN)

Trump calls it a 'disaster,' but top experts are saying TPP might still happen without him
(DBN)

Treasury: Mnuchin never claimed Fannie, Freddie profits specifically funded Obamacare
(DBN)

Despite Setbacks, Trump's Trade Warrior Peter Navarro Is Fighting On
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

______________

Real Estate:

Banks are tightening commercial real estate loan standards - Fed
(DBN)

Leading Index for Commercial Real Estate Decreases in April
(DBN)

Las Vegas Real Estate in April: Sales up slightly YoY, Inventory down Sharply
(DBN)

Phoenix Real Estate in April: Sales up 10%, Inventory down 9% YoY
(DBN)

MERS wins in four Pennsylvania county lawsuits
(DBN)

Fannie Mae: Consumer housing optimism rebounds in April
(DBN)

Trulia: Majority of homes remain priced below pre-recession peak
(DBN)

Mortgage Default Risk is on the Rise
(DBN)

____________

Municipalities:

Puerto Rico and the Netherworld of Sovereign Debt Restructuring
(DBN)

Bankruptcy does not absolve Congress of responsibility to Puerto Rico
(DBN)

Puerto Rico Files for Bankruptcy Under PROMESA Title III
(DBN)

Puerto Rico's debt crisis is a wake-up call. It could be crushed like Greece
(DBN)

Puerto Rico gets bankruptcy protection but not all are celebrating
(DBN)

Puerto Rico files for bankruptcy; analysts urge investors to learn from ordeal
(DBN)

Puerto Rico Debt Judge Will Decide How Much Government Is Enough
(DBN)

Assured sues Puerto Rico over debt plan
(DBN)

Isle of Indebtedness
(DBN)

Puerto Rico Must Not Waste Its Second Chance
(DBN)

Puerto Rican Bankruptcy Sets A Horrible Precedent
(DBN)

Puerto Rico Students Propose Tax Legislation as Alternative to University Cuts
(DBN)

Everyone Needs to Know Why Puerto Rico's Closing 184 Public Schools
(DBN)

______________

Oil/Gas:

Oil rises after hint of longer extension to OPEC cut Oil slips despite talk of supply cuts being extended into 2018 Saudis, Russians seek to quell glut fears and end oil’s slide Oil struggles to rally as exporters talk up output-cut extensions, showing OPEC is 'out of bullets'
(DBN)

How oil is setting up for a supply squeeze — and that’s good news for bulls
(DBN)

Will Hedge Funds Drive Oil Prices Even Lower?
(DBN)

A Sobering Look At The Future Of Oil
(DBN)

Oil market sell-off puts a fragile energy sector hiring recovery at risk
(DBN)

Morgan Stanley warns of risk to its 2018 oil outlook
(DBN)

Four Charts That Explain OPEC’s Fall From Power
(DBN)

Offshore services co. says atty is refusing to give back ex-CEO's Ferrari
(DBN)

AFGlobal Files Chapter 11
(DBN)

______________

Celebs:

Defense chips away at amount 'Dance Moms' star hid from court Abby Lee Miller on How She’s Tried to Remain Calm Ahead of Fraud Sentencing: ‘It’s out of My Hands’ Prosecutors: 'Dance Moms' star hid income from court in bankruptcy case Bankruptcy fraud sentencing for former 'Dance Moms' star set
(DBN)

"Real Housewives" star gets reprimand over probation slipups
(DBN)

Nicki Minaj surprises fans on Twitter by offering to help pay their college tuition and student loans
(DBN)

______________

Food/Beverage:

Supplier demands drive Central Grocers bankruptcy
(DBN)

______________

Debt Collection:

SquareTwo Plan Faces More Scrutiny
(DBN)

______________

Aviation:

Global 7000 jet's wing supplier contemplates insolvency
(DBN)

Triumph Opens Path To Vought Aircraft Insolvency Triumph Group raises specter of insolvency for aerostructures division
(DBN)

______________

Corporate Reform:

Trump review of Wall Street rules to reportedly be done in stages Trump administration: Dodd-Frank reform will take longer than originally planned
(DBN)

Financial Services Committee: Democrats made the case for firing CFPB Director
(DBN)

U.S. regulators look at Volcker Rule, a sign they hear Wall Street
(DBN)

______________

Electricity:

NextEra asks Texas to reconsider bankrupt power company deal NextEra Gives Texas 14 Reasons to Revisit Oncor Takeover NextEra Energy Seeks New Hearing on Oncor Takeover
(DBN)

______________

Fintech:

MtGox Phoenix Rises – Exchange May Become Solvent if Bitcoin Price Keeps Rising
(DBN)

______________

 


New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (16 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (30 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)

______________

Automatic Stay:

Third Circuit Tells Construction Suppliers to “Play by the Rules” of Bankruptcy
(DBN)

______________

Avoidance Actions:

Court Guts Lyondell Trustee’s Bankruptcy-Related Claims
(DBN)

Trustee Allowed to Reach Back 10 Years to Avoid a Fraudulent Transfer
(DBN)

______________

IP:

This venture-backed company just filed for Chapter 11 bankruptcy — to evade a patent dispute
(DBN)

______________

Awards:

TMA Announces 2017 Individual Award Recipients
(DBN)

______________

Derivatives:

Clearinghouses in OLA?
(DBN)

______________

Discharge:

11th Cir. Holds Post-Discharge Monthly Mortgage Statements Not Prohibited
(DBN)

______________

Metals:

Trustee, Creditors Rip Constellation Ch. 11 Deal, Cite Jevic
(DBN)

______________

Healthcare:

Obama to Congress: Do the right thing on Obamacare
(DBN)

'Pink Fund' Helps Women Battling Cancer Pay Bills
(DBN)

Keeping my kids with diabetes alive costs thousands a year. Trumpcare terrifies me.
(DBN)

The CDC mapped out where people with cancer live in the US — here's what it found
(DBN)

______________

Agriculture:

Elkhorn Farms LLP forms in wake of McM bankruptcy
(DBN)

______________

Healthcare:

Obama voices 'fervent hope' Congress will tread carefully on healthcare Paul Krugman says Trumpcare is ‘designed to do exactly opposite’ what GOP promises
(DBN)

Where Life Expectancy Is Dipping Across America
(DBN)

FactCheck: GOP on Their Obamacare Repeal
(DBN)

______________

Autos:

FL: Car dealer files Chapter 11 with over $27M in debt
(DBN)

______________

Fraud:

Stanford receiver's $5 million clawback suit fails at 5th Circ
(DBN)

______________

Surfing:

Mavericks big wave contest plans to auction business assets amid bankruptcy proceedings
(DBN)

______________

Student Debt:

Eleventh Circuit Disappoints on Undue Hardship Issue
(DBN)

Nobody Answering the Phone; Student Loan Borrowers (and Taxpayers) Impacted Bigtime
(DBN)

Lawmakers Push Bill Allowing Student Debt to Be Discharged in Bankruptcy
(DBN)

______________

Solar:

Utility-scale solar has grown exponentially since 2010
(DBN)

______________

Shipping:

Nerves jangle as shippers and forwarders wait to hear who is bankrolling Yang Ming
(DBN)

______________

Nuclear:

Georgia Power profits off Plant Vogtle construction despite cost overruns, delays, and contractor bankruptcy
(DBN)

______________

Hotels:

Owner of Copeland's in Longview files for bankruptcy
(DBN)

______________

UK:

Insolvency Rules 2016 – A change for the better?
(DBN)

Judge calls HSF's £100 million legal fees in RBS case 'staggering'
(DBN)

Ukip MEP could face bankruptcy over failure to pay damages to Rotherham MPs
(DBN)

Brexit: Banks to Move 9,000 Jobs Out of UK The number of finance firms planning to move jobs out of the UK over Brexit is rising rapidly
(DBN)

Legal and professional fees in IBRC liquidation top €214m
(DBN)

Rural business faces bankruptcy after enormous rates rise
(DBN)

Employers are struggling to hire 'from cleaner to accountant' as Brexit skills shortage bites
(DBN)

The battle of the 241 trillion dollars between EU and UK becomes fierce
(DBN)

______________

PIIGS:

Greece’s supplementary MoU with creditors leaked: 3.5% primary surplus for 2019-2022 period
(DBN)

Ireland Drops Blasphemy Prosecution Of Actor Because Not Enough People Were Outraged
(DBN)

______________

Canada:

Embattled Canadian mortgage lender Home Capital suspends its dividend, taps credit line Home Capital Halts Dividend, Adds Former Pension Executives Home Capital Group - Fallen Angel Or Value Trap? Inside Canada's Push to Contain the Fallout From Home Capital The rise and fall of Home Capital — Canada’s largest alternative mortgage lender
(DBN)

Priority of creditors: Sacrificing the environment?
(DBN)

Nortel Canada announces effectiveness of Settlement and Plans Support Agreement
(DBN)

______________

India:

Bankruptcy better tool for resolution of NPAs due to smaller timeframe
(DBN)

A step for India's banks, but no giant leap for bad debt
(DBN)

Indian court rules liquor baron Vijay Mallya guilty of contempt of court
(DBN)

______________

Japan:

Toshiba Partners Brace for Possible Bankruptcy Filing
(DBN)

Toshiba warns Western Digital to stop impeding chip unit sale
(DBN)

Toshiba considering releasing unaudited full-year earnings
(DBN)

______________

China:

China has now become the biggest fear for markets
(DBN)

______________

Asia:

IMF singles out Asia's top problems: aging population and productivity IMF says Asia facing risks from rise in protectionism
(DBN)

______________

France:

Meet Brigitte Trogneux: The woman who used to be French President-elect Emmanuel Macron's schoolteacher is about to become France's first lady
(DBN)

______________

Romania:

One of the biggest energy traders in Romania files for insolvency
(DBN)

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