September 8, 2017

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Latest Law Firm Combinations Show Method to Merger Madness
(DBN)

As Firms Centralize Management, Are Equity Partners Employees?
(DBN)

Madoff-Related Fees Grow to $925M for Baker & Hostetler
(DBN)

DLA Piper accidentally publishes its own lawyers' salaries
(DBN)

Hogan Lovells Extends Leaders Terms By Two Years
(DBN)

Savannah Legal Community Prepares to Evacuate Ahead of Irma
(DBN)

Strange Days: Trump Lawyers Caught Up in Email, Inmate Dramas
(DBN)

Ty Cobb’s Hilarious Emails And What They Say About Biglaw Trump lawyer Ty Cobb, fooled by 'email prankster,' asks for 'drone' in private emails slamming reporter
(DBN)

Ballard Spahr settles suit over $20 million fees bid
(DBN)

Jake Heller, Pablo Arredondo and Laura Safdie: Their AI Assistant Is Freeing Up Legal Research
(DBN)

Technology Competence For Lawyers: How Bar Associations Are Stepping Up
(DBN)

The AI Surge: Coming Soon to a Legal Department Near You
(DBN)

How Big Firms Can Foster, Develop Female First-Chair Trial Lawyers
(DBN)

'Dreamer' Law Students in Turmoil over DACA Uncertainty Trump tells Dreamers 'you have nothing to worry about' . . . for next 6 months Ryan: Six months is enough time to find a DACA solution Bannon breaks with Trump on DACA: Conservatives 'are not happy with this' Fiscal deal sets up tough DACA choice for Democrats Here's how a DACA deal between Trump and Democrats could work How Trump’s DACA decision affects colleges and students Why Trump's Immigration Gambit Will Likely Backfire ‘Go home and get in line’: Fact-checking Kris Kobach on DACA Swap DACA for Wall Funding? No Way! Trump's next move: Stick it to immigration hardliners Koch brothers want legislative fix for DACA Bannon: Catholic position on DACA is about filling the pews
(DBN)

Trump Jr. tells Senate investigators he always planned to ask lawyers about Hillary Clinton dirt: NYT Trump Jr. Testimony Had Gaping Holes FBI chief sees no evidence of White House interference in Russia probe Trump Jr. denies telling his father about Russia meeting Mueller wants to interview White House staff about misleading Trump Jr. statement Mueller is homing in on Trump's involvement in responding to Trump Jr.'s Russia meeting
(DBN)

The Deal Prosecutors Offer When They Have No Cards Left to Play
(DBN)

Lack of sleep could contribute to mental health problems, researchers reveal
(DBN)

Alienation of affection tort doesn’t violate lover’s right to free expression, appeals court rules
(DBN)

Amazon was tricked by a fake law firm into removing a hot product, costing this seller $200,000
(DBN)

Fall Legal Entertainment Preview
(DBN)

Tattooed lawyer stuns thousands of followers with shower selfies and underwear shots
(DBN)

Trump's DOJ Backs Colorado Baker Who Refused Service to Gay Couple Baker who refused to make wedding cake for gay couple is backed by Justice Department in SCOTUS case Members of Congress back Christian baker in same-sex wedding-cake case before Supreme Court
(DBN)

A federal appeals court just dealt another blow to Trump's travel ban 9th Circ says Trump travel ban can't block grandparents
(DBN)

Las Vegas lawyer pleads guilty to stealing millions from clients
(DBN)

3 Taco Bell Employees Pull Guns, Kill Robber
(DBN)

Florida Cops Wants To Use Hurricane To Make Arrests
(DBN)

A DEA officer had a wild affair with a convict — letting her listen to wiretaps, roam the evidence room
(DBN)

Oklahoma lawmaker charged with forcibly kissing an Uber driver
(DBN)

Wife, of Trump Organization ethics lawyer is arrested for s-- in prison parking lot
(DBN)

 

Lawyer rages over firm's coffee
(DBN)

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Judges:

Why did Posner retire? He cites ‘difficulty’ with his colleagues on one issue The Backstory Behind Judge Richard Posner’s Retirement Posner says friction on 7th Circuit bench led to his retirement There’ll Always Be Posner: An Appreciation The judicial philosophy of Richard Posner
(DBN)

BK SD GA: Savannah and Brunswick Courts To Close For Hurricane
(DBN)

BK MD FL Closed Fri. and Mon.
(DBN)

BK SD FL Closed Thurs. and Fri.
(DBN)

Ex-Judge Eugene Wedoff Takes on Bankruptcy Appeals Pro Bono
(DBN)

Trump Nominates 5 Texans to the Federal Bench Trump nominates 16 judges as Democrats look ahead to Supreme Court fight
(DBN)

Franken's ignoble rejection of Stras nomination
(DBN)

Trump nominates White House lawyer, a former Jones Day partner, to DC Circuit
(DBN)

Menendez Judge Blasts U.S. for ‘Tabloid’ Start to Bribery Case
(DBN)

Judges Resign Amid News of Secret Recordings
(DBN)

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Wall Street:

Futures point to a lower open on Wall Street as investors await data
(DBN)

Stocks Close Roughly Flat Following Lackluster Session Dow finishes lower as Disney and Goldman shares tumble
(DBN)

Lloyd Blankfein tweets photographic proof that he once had hair
(DBN)

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Layoffs:

Eli Lilly to cut 3,500 jobs
(DBN)

WARN lawsuit filed against companies allegedly associated with Ruby Tequila's Laid Off Workers Sue Restaurants, Lawyer Claims "Evil" Corporate Greed
(DBN)

Angie's List to lay off approximately 230
(DBN)

Brutal day as Anheuser Busch lays off hundreds
(DBN)

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Politics:

Steve Bannon says Gary Cohn 'absolutely' should have resigned after Charlottesville
(DBN)

Ryan: Trump was trying to avoid a 'food fight' in cutting deal with Democrats Meadows: Trump said he cut deal with Dems to focus on tax reform Trump’s flirtation with Democrats makes Republicans nervous about 2018 Powerful GOP conservatives push back against Trump's deal with Democrats Trump did GOP leaders a huge favor by striking debt deal with Democrats Trump ‘wanted to make sure we had a bipartisan moment The theories behind Trump's decision to side with Democrats Debt-ceiling shift signifies a remarkable political evolution for Trump No regrets: Trump exuberant in Oval Office after deal with Dems
(DBN)

Trump hits new low in public opinion — but he's still beating Hillary Clinton
(DBN)

By bashing Bernie Sanders in her new book, Hillary Clinton proves she still doesn't get it
(DBN)

Freedom Caucus Members Frustrated With GOP Leaders on Agenda The GOP has a Trump divide
(DBN)

Another Moderate Republican Calls It Quits
(DBN)

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Personal Finance:

How to answer the job interview question: 'Tell me about yourself'
(DBN)

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Marijuana:

Congress gives medical marijuana users a good reason to be paranoid
(DBN)

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Healthcare:

People in half of Virginia's counties on track to have ZERO Obamacare insurers next year
(DBN)

Graham's Lonely Quest to Repeal Obamacare
(DBN)

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Fishing:

Two Large Peruvian Fishing Companies Go out for Bid
(DBN)

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Corporate Reform:

What Is the Fate of the Consumer Financial Protection Bureau?
(DBN)

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Newspapers:

Rogoff faces creditors at bankruptcy hearing, claims $12.7M debt Creditors question ADN owner Rogoff in person in bankruptcy court
(DBN)

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Energy Storage:

Battery maker that struck deal with Hagerstown files for bankruptcy
(DBN)

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Economy:

The derby to see who is the next Fed chair just got a lot more interesting
(DBN)

Fed's Mester: Don't wait for inflation to rise before hiking rates
(DBN)

Fed’s Dudley shows no signs of wavering from support for December interest-rate hike NY Fed President William Dudley says it is appropriate to 'gradually' curb stimulus
(DBN)

Lawrence Summers: In praise of Stanley Fischer
(DBN)

Hurricanes raise uncertainty for U.S. economic growth
(DBN)

Storm surge: Hurricane Harvey boosts jobless claims by 62,000 to 298,000 Weekly Initial Unemployment Claims increase to 298,000
(DBN)

Don't Look Now, But Productivity Is Finally Rising
(DBN)

The stunning prevalence of painkiller use among unemployed men
(DBN)

Did Trump’s Deal with Dems Destroy the Chances for Tax Reform?
(DBN)

How Hurricane Harvey Will Ripple Through the U.S. Economy
(DBN)

Unemployment Rate by Educational Attainment Since 1997
(DBN)

Hunger in U.S. Drops to Lowest in a Decade
(DBN)

Goldman: Demographics and Inflation
(DBN)

Why the U.S. Government Can't Be Downsized
(DBN)

Senate passes bill on storm aid, debt limit and government spending Mnuchin: 'I'm comfortable' with fiscal deal Trump struck with Dems Mnuchin Says Trump Didn’t Want a One-Year Budget Deal Trump's Debt-Limit Deal Much Ado About Nothing Trump suggested scrapping future debt ceiling votes to congressional leaders Trump, Schumer agree to pursue plan to permanently ditch the debt ceiling: Report Trump Says ‘a Lot of Good Reasons’ to Get Rid of Debt Ceiling
(DBN)

Hurricane Aid Measure Grows to $15 Billion as Irma Bears Down
(DBN)

Ryan won't commit to releasing tax plan this month Trump's deal with Democrats another hurdle for tax reform 'Cheating on the numbers' is the only way to cut corporate tax rate to 15%, says Jack Lew Ivanka teams with Norquist to boost tax-reform efforts Trump called the estate tax a ‘tremendous burden’ on family farmers. Here’s the truth Ryan offers much different tax rate target than Trump Here are 3 big reasons Republicans are unlikely to achieve major tax reform this year Meadows Says Trump ‘Myopically Focused’ on Tax Reform
(DBN)

Starting school later could save the U.S. economy billions
(DBN)

Millennials say anxiety about money is literally making them sick
(DBN)

New Data Details How Americans are Spending Their Money
(DBN)

AAR: Rail Traffic decreased slightly in August
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Mortgage rates follow bond yields down to a 10-month low Fixed mortgage rates keep falling, sinking to yearly lows Mortgage Rates at 2017 Lows
(DBN)

Redfin saw signs of real estate slowdown in August
(DBN)

Framing Lumber Prices Up Year-over-year
(DBN)

Young people aren’t buying homes because they’d rather travel the world
(DBN)

Florida was leveled by the housing bust, but now is back on top
(DBN)

Ocwen fined $1 million for force-placed insurance issues
(DBN)

Americans agree: Time is right to sell, but not to buy
(DBN)

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Municipalities:

Irma threatens Puerto Rico's hopes to emerge from debt crisis
(DBN)

After Irma pounds Puerto Rico, investors weigh impact on island's popular muni bonds
(DBN)

More than 1 million left without power in Puerto Rico; some could stay in the dark for months
(DBN)

Puerto Rico wasn’t ready for Hurricane Irma. We couldn’t possibly be.
(DBN)

Puerto Rico's money woes 'dire' after Hurricane Irma, as Jose lurks
(DBN)

Puerto Rico breathes sigh of relief as spared Irma's worst
(DBN)

Did Irma's Off-Center Lashing of Puerto Rico Worsen Its Economy?
(DBN)

Hartford Warns It Will File for Bankruptcy Unless State Provides a Bailout Hartford Can Only Meet Financial Obligations For 60 Days, Bankruptcy Likely Without State Aid Hartford warns lawmakers, Gov. Malloy of bankruptcy Bronin Threat Is Real But Not So Fast With Bankruptcy
(DBN)

State gives Flint direction, sets limit for emergency manager legal bills
(DBN)

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Oil/Gas:

How American Fracking Ran OPEC's Oil Recovery Off The Rails
(DBN)

Oil inventories climb 4.6 million barrels after Hurricane Harvey
(DBN)

Oil steady as Irma heads for Florida, Saudi Arabia cuts supply
(DBN)

OPEC Fails To Cut Oil Exports Below 2016 Levels
(DBN)

The North Sea Oil Recovery Is Dead In The Water
(DBN)

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Advisors:

The DAK Group Selected to Represent Official Committee of Unsecured Creditors of FemTech Retailer Peekay Boutiques.
(DBN)

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Fraud:

'Hedge fund of the year' reportedly got duped by radio star's alleged Ponzi scheme
(DBN)

Prosecutors ask judge to revoke bond of convicted fraudster Martin Shkreli after threats to Clinton Feds want Martin Shkreli's bail revoked after bizarre Clinton hair threat, comments to Teen Vogue writer
(DBN)

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Student Debt:

Dept. of Ed’s edits of forms call for judicial review in loan forgiveness case, ABA says in filing
(DBN)

U.S. Department of Education Unveils New Approach to Federal Student Aid Compliance
(DBN)

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Media:

Lawyer who helped Hulk Hogan bankrupt Gawker files lawsuit targeting Jezebel Jezebel Calls Lawsuit by Hulk Hogan’s Lawyer ‘Obvious Attempt… to Intimidate Journalists’
(DBN)

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Privacy:

Equifax: Hackers may have the personal details of 143 million US customers
(DBN)

Equifax executives sold stock after data breach, before informing public Equifax says 3 top execs 'had no knowledge' of a massive security breach when they sold nearly $2 million in shares after the hack was discovered
(DBN)

Oh, They Stole Your Credit Card Numbers Too
(DBN)

Equifax's Historic Hack May Have Exposed Almost Half of U.S.
(DBN)

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Music:

Defunct Salem Symphony scrambles to pay promised scholarships, seeks donors
(DBN)

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Retailing:

Bon-Ton Stores Hires Restructuring Adviser to Explore Turnaround
(DBN)

Toys R Us isn't the only retailer that needs stellar holiday toy sales Toys R Us Bankruptcy ? 8 Things We Know S&P pushes Toys R Us deeper into junk
(DBN)

Amazon’s value will more than triple to $1.6 trillion within 8 years, Wall Street analyst predicts
(DBN)

Supplements retailer GNC seeks China partner to aid turnaround -sources
(DBN)

Depressed Valuations Pose Added Challenge to Retail Reorganizations
(DBN)

RadioShack Reorganization Clears First Court Hurdle RadioShack reorganization hinges on Sprint lawsuit
(DBN)

Gymboree says court confirmed plan of reorganization
(DBN)

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Maritime:

Zeaborn and Bertram Rickmers step in to rescue insolvent Rickmers Group
(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 (19 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (54 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)

Third Circuit Educational Program - Important Bankruptcy Decisions of the Last Twelve Months
(DBN)

ACB Fall 6th Circuit Weekend
(DBN)

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Bankruptcy Statistics:

August Commercial Chapter 11s Increase 29 Percent over Last Month, Total Filings Up 11 Percent
(DBN)

August bankruptcies rise 11 percent versus previous month
(DBN)

Potential Impact of Hurricanes Harvey and Irma on Bankruptcy Filings
(DBN)

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Reopening:

When is it Too Late to Reopen a Bankruptcy for Distributing Newly Discovered Assets — Never?!
(DBN)

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Avoidance Actions:

In One of Her Honor’s Last Decisions as a Delaware District Court Judge, The Honorable Sue L. Robinson Clarifies the Distinction Between “Advance Payments” and “Payments on Account of an Antecedent Debt”
(DBN)

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Fiduciary Duty:

Fiduciary Duties in Bankruptcy and Insolvency
(DBN)

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Pro Bono:

BK WD TX Assures Pro Bono Business Bankruptcy Attorneys That They Will Not Be "Debt Relief Agencies"
(DBN)

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Proofs of Claim:

Coming Soon: Bankruptcy Proofs of Claim Must be Filed Sooner and by More Claimants
(DBN)

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Corporate Governance:

Exculpatory Provisions Under Delaware Law: Say What You Mean And Mean What You Say
(DBN)

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Recharacterization:

Supreme Court to Address Circuit Split Regarding Debt Re-Characterization Claims
(DBN)

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Weather:

Miami Beach Mayor Says Residents Must Leave: 'This Is A Nuclear Hurricane' Miami's Financial District Shuts as Irma Approaches Irma cost could hit $125 billion — or double that, Credit Suisse says 'No Buildings We Can Guarantee To Keep People Safe' Death toll rises to 10 as Hurricane Irma barrels through Caribbean, heads for Florida Why Hurricane Irma could hurt, a lot: Much lies in harm’s way Irma will be 'devastating' for US: emergency chief Hurricane Irma has the potential of affecting every major city in Florida President Trump’s and Richard Branson’s Caribbean homes destroyed by Hurricane Irma Branson: Irma Devastated His Private Island Hurricane Irma set to squeeze a lot more than just Florida’s oranges Florida Accused Of Limiting South Miami Shelters To Wealthy, White Neighborhoods Deal orders mandatory evacuation of coastal Georgia Parts of Florida are running out of gas as Hurricane Irma approaches Traffic nightmare as over half a million people told to leave South Florida Sorry, You’ve Got Basically No Legal Recourse If You’re Fired For Fleeing Hurricane Irma
(DBN)

How a former Marine sniper turned entrepreneur is raising millions to help Harvey victims How Houston’s Growth Created the Perfect Flood Conditions Houston may have sunk from Harvey rain First responders sue Arkema over injuries in Houston chemical plant fire after Hurricane Harvey The Assistance Available for Harvey Victims Texas Churches Sue FEMA for Funding FEMA Wants Faster Way to Buy Out Houston Houston tollway took severe hit from Harvey, buckling pavement
(DBN)

How Hurricanes Harvey and Irma are affecting health care companies
(DBN)

Hurricane Harvey is still battering insurance stocks and Irma hasn’t even touched land yet
(DBN)

Home Depot, Wal-Mart among retailers that could get a boost from hurricanes Harvey, Irma
(DBN)

Who is responsible for hurricane damage? Suits could be based on climate-change science
(DBN)

ICE canceled a large planned deportation operation due to Hurricanes Harvey and Irma
(DBN)

Hurricane Risk Models Dangerous Out of Date
(DBN)

Who Pays Cost of Mother Nature's Destructive Fury?
(DBN)

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Food/Beverage:

Gordy's interested parties list stretches to 48 pages
(DBN)

Kroger Faces Amazon Pressure as Food Inflation Returns
(DBN)

Bankrupt soup co. that inspired Seinfeld character gets Ch.11 sale OK'd
(DBN)

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Solar:

Trump likely to issue solar tariffs
(DBN)

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UK:

Ex-KWM staff set for payout as group accepts 'maximum recoverable' settlement over layoffs
(DBN)

Mutual Recognition- It takes two…..
(DBN)

Bob Diamond Sees Brexit's Impact as More Profound Than Expected
(DBN)

U.K. Manufacturing Jumps, Construction Falls as Quarter Starts Britain's construction output just dropped for the 4th consecutive month
(DBN)

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PIIGS:

Banco Popular bondholders file appeal in Spain over rescue Popular bondholders challenge Spanish bailout fund
(DBN)

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Canada:

100,000 jobless energy workers struggle for a place in the new economy
(DBN)

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China:

China's manufacturers unconvinced by recovery
(DBN)

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Ukraine:

Ukraine picks Rothschild as advisor, hopes for debt swap
(DBN)

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Mexico:

Massive 8.2 earthquake hits Mexico, triggers tsunami warning
(DBN)

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Netherlands:

McGregor clothes chain declared bankrupt for the second time
(DBN)

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India:

Jaypee Infra insolvency : Can homebuyers get relief under RERA? Homebuyers group seek change in bankruptcy code
(DBN)

Insolvency cases may hit home financiers
(DBN)

Insolvency in India: Why Essar Group Is Digging Deep for Funds
(DBN)

State laws repugnant to IBC are void: SC
(DBN)

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Japan:

Toshiba's Continuing Struggle to Stave off Bankruptcy
(DBN)

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Venezuela:

Marathon's Richards Says Venezuela Poised to Default Next Year
(DBN)

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