November 16, 2016

The Daily Bankruptcy News

View prior editions: Click Here
View prior case summaries: Click Here
Search prior headlines: Click Here
Search prior case summaries: Click Here

3-Column Formating

 

Law:

Making partner is a decade-long endeavor, research finds
(DBN)

Biglaw Firm Claims Partners Are Not Employees
(DBN)

McCarter & English Latest Firm to Bump First-Year Pay
(DBN)

Why Having Good Lawyers Is No Longer Enough
(DBN)

Big Law Firm Rolls Out Business Advisory Division
(DBN)

Court Stays $20.5M Suit Against Reed Smith
(DBN)

Most Lawyers Work Less Than They Say, Collect Less Than They're Owed
(DBN)

Reward is offered for information in shooting death of Kilpatrick Townsend partner
(DBN)

The Day After: A Law Professor Election Story
(DBN)

A Controversial Law Professor Predicted This Election 24 Years Ago
(DBN)

Hot Solo And Small Law Firm Practices In A Trump Presidency
(DBN)

Evolution of Service Models in the New Law Library
(DBN)

Beyond Biglaw: An Interesting Election Day
(DBN)

How To Future-Proof Your Legal Career
(DBN)

19 signs your job is making you unhappy
(DBN)

7 productive habits you can pick up without much effort
(DBN)

Mobile Lawyering: Take Your Practice Anywhere
(DBN)

Lawyer Who Hypnotized Women Sentenced to Prison
(DBN)

ATL’s Legally Themed Halloween Costume Contest: The Winner
(DBN)

Exploring The World Of Fictional Lawyers
(DBN)

Parrot Settlement Makes Lawyer Question His Career
(DBN)

Creative Sentencing: Nine Unusual Punishments
(DBN)

Associate Dies In Scuba Diving Accident
(DBN)

______________

Judges:

Ruth Bader Ginsburg a hit in opera debut. Really.
(DBN)

Judge Apologizes for Wearing ‘Make America Great Again’ Hat in Court
(DBN)

Five Possible Trump Nominees Who Would Diversify the Supreme Court
(DBN)

30-day suspension recommended for judge who detained kids for refusing interactions with dad
(DBN)

Ginsburg still insists ‘eight is not a good number’ Ruth Bader Ginsburg Looks Forward To Congress Being Less Lazy During Trump’s Presidency
(DBN)

Who will Trump pick from his ‘heartland’ SCOTUS justice list? FantasySCOTUS launches contest with 22 An Alternate Take On Trump's Potential Supreme Court Nominees
(DBN)

NY Judge Sanctions Plaintiff Attorney for Making Mountain Out Of Molehill
(DBN)

The Republican blueprint for Supreme Court nominations
(DBN)

Who Donald Trump should appoint to the Supreme Court
(DBN)

Confirm Merrick Garland, and end the partisan pettiness
(DBN)

An Alternate Take on Trump’s Potential Supreme Court Nominees
(DBN)

______________

Wall Street:

Dow on pace to slip after 4 record closing highs in a row
(DBN)

Stocks close higher, Dow notches 7-day win streak
(DBN)

Trump carnage in bonds spells trouble for stocks
(DBN)

______________

Layoffs:

The energy industry is the biggest job cutter again this year
(DBN)

Boeing to cut 500 jobs
(DBN)

Insurance giant to lay off 103 in Broward County
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Religion:

The Catholic Church has a plan to compensate sexual-abuse victims, but many will get nothing
(DBN)

$130M: Twin Cities archdiocese raises fund for clergy abuse victims
(DBN)

Dispute stops Gallup Diocese from exiting bankruptcy
(DBN)

____________

Politics:

More shake-ups in Trump's transition team Trump transition team’s turmoil could torpedo market rally All lobbyists have been cut from Trump's transition team Amid Signs of Transition Trouble, Trump Huddles With Pence ‘We’re on the verge of a crisis,’ says former Bush official after dealings with Team Trump Trump on picking Cabinet: Only he ‘knows who the finalists are’ Anti-Trump message takes darker turn Federal Charges Filed Against Man Who Allegedly Threatened to Assassinate Trump Donald Trump's Complex Businesses Bring Potential Conflicts of Interest Law Prof Alan Dershowitz: 'No Evidence' That Steve Bannon is Anti-Semitic Trump ditches press pool to go to dinner, breaking protocol Behind in Popular Vote, Donald Trump Praises Electoral College Megyn Kelly Says Her 5-Year-Old Daughter Asked Her What a ‘Bimbo’ Was After Donald Trump Insult Trump will get wake-up call when he takes office, Obama says Warren says Trump has opened White House doors to white supremacy 'Anger shouldn't drive policy': George W. Bush has some advice for the Trump administration
(DBN)

Obama: We 'have to guard against a rise in a crude sort of nationalism'
(DBN)

Mayor of West Virginia town resigns after fallout from racist Facebook post about Michelle Obama
(DBN)

Elizabeth Warren: Trump's team is full of lobbyists, Wall Streeters, and 'the kind of people he ran against'
(DBN)

Former presidential candidate Ben Carson declines role in Trump administration because he 'feels he has no government experience'
(DBN)

Pelosi’s Fate Uncertain as House Democrats Delay Leadership Election
(DBN)

Schumer under pressure to add Sanders to leadership team
(DBN)

Why Hillary Clinton Lost
(DBN)

Really? We're Still Counting Votes?
(DBN)

____________

Retailing:

American Apparel Store Chain on the Line in Bankruptcy American Apparel's Stores Are Likely To Vanish How To Make A T-Shirt In Trump’s Anti-Trade America American Apparel’s New Meltdown Imperils Goldman Sachs Stake
(DBN)

American Apparel bankruptcy : the end of Zara and H&M too?
(DBN)

Dick's Sporting Goods Benefits From Rivals' Woes Dick's Sporting Goods slides on downbeat outlook Dick's Sporting Goods Inc. Fumbles -- Why Shares Fell
(DBN)

Shoppers Ramp Up Spending Ahead of Key Holiday Shopping Season Retail Sales Increase Slightly in October
(DBN)

____________

Shipping:

The Donald Trump Shipping Stock Boom
(DBN)

Daewoo Shipbuilding labor union rejects calls for joining restructuring move
(DBN)

Insights On Dryships' Breathtaking Comeback
(DBN)

California Ports See Delayed Import Surge as Hanjin Unwinds Port of Long Beach Cargo Figures Drop Amid Fallout from Hanjin
(DBN)

SM Group Selected as Preferred Bidder for Hanjin’s Asia-U.S. Route
(DBN)

______________

Education:

The 10 colleges with the most billionaire alumni
(DBN)

______________

Food/Beverage:

PACA Liens: A New Cloud on Title?
(DBN)

S. Jersey restaurant group files for Ch. 7 bankruptcy
(DBN)

Serio's Market in Northampton facing $60000 debt to suppliers
(DBN)

With Flying Star's founders clearing a key hurdle, CEO shares lessons learned
(DBN)

______________

Celebs:

NHL Player Jack Johnson Nears Fresh Start in Bankruptcy
(DBN)

______________

Media:

Lawyer Gets Green Light to Sue Gawker
(DBN)

______________

Pharma:

Chanos says Valeant was biggest loser ever for hedge funds, topping Enron; Cost industry $40 billion
(DBN)

______________

Economy:

NY Fed: November "General business conditions index climbed eight points to 1.5"
(DBN)

Mapping the Decline of the Middle Class
(DBN)

'Trump Thump' whacks bond market for $1 trillion loss
(DBN)

Fed's Tarullo Discusses America's Slow But Steady Growth
(DBN)

Trump effect? Republicans suddenly think economy is OK.
(DBN)

Here's one sign the labor market has recovered
(DBN)

These 6 charts explain why Trump won
(DBN)

‘Trumponomics’ is unfunded, open-ended and kind of ridiculous, economist Adam Posen says
(DBN)

Icahn says Mnuchin and Ross 'would be great choices' for Trump Wilbur Ross is too old for one of Trump’s top economic roles, venture capitalist says
(DBN)

Impact Of Recovery Gap On Upcoming Loan Maturities In The US
(DBN)

Ford Moving Small Car Production to Mexico Ford CEO Warns Trump Over Tariff Threat
(DBN)

Trump digs in for trade reset
(DBN)

Why Trump Hates NAFTA
(DBN)

Fed's Fischer says not concerned U.S. markets lack liquidity
(DBN)

Retail Sales increased 0.8% in October
(DBN)

Wall Street vet atop Treasury could test Trump's populism
(DBN)

Trump’s 15% corporate rate ‘certainly doable,’ says former top House tax writer
(DBN)

House Republicans Aim to Cut Taxes Without Increasing Deficits
(DBN)

Trump's economic plan has caused a massive divergence in the market
(DBN)

Money Is Getting Tighter in Election's Wake
(DBN)

Trump Tries to Bend Republicans on Infrastructure
(DBN)

Deficit may be the real test of how Republican Trump truly is
(DBN)

Here's how Trump could control the Federal Reserve
(DBN)

Giant hedge fund Elliott Associates has some ideas on how to answer one of the questions of our time - "Train, upgrade, educate and relocate"
(DBN)

The Cupboard is Full
(DBN)

Trump is the black, er, ‘orange swan’ Wall Street was bracing for
(DBN)

People are getting sick of working in the “sharing” economy
(DBN)

So far, Donald Trump’s election has made it easier for American jobs to go to Mexico
(DBN)

Mexican Government Developing Plans to Handle Mass Deportations Under President Trump
(DBN)

Wage increases were not across the board Most Americans Did Not Get a Pay Raise
(DBN)

Populism Takes Over the World
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

Mortgage Survives Chapter 13 Even Though the Secured Claim Was Disallowed
(DBN)

Trouble Brewing in Commercial Real Estate
(DBN)

Here's the salary you have to earn to buy a home in 19 major US cities
(DBN)

Mortgage credit default rate slightly rises heading into holiday season
(DBN)

Miami's condo market is coming under severe stress
(DBN)

Only a handful of big US cities have seen real estate recover as much as stocks
(DBN)

Critics still unhappy with Fannie, Freddie conservatorship
(DBN)

____________

Municipalities:

Puerto Rico oversight board narrows list for law firms
(DBN)

October Atlantic City casino revenue down less than 1 pct
(DBN)

Chicago Loans In Default + Cross-Default + Liquidity Crunch = Imminent Bankruptcy Risk
(DBN)

5 things to know about the man overseeing N.J.'s takeover of Atlantic City
(DBN)

Dallas: A List of All the Police and Fire Pension Trustees Who Are Responsible for This Mess
(DBN)

Is troubled Atlantic City headed for municipal bankruptcy ?
(DBN)

Municipal Market Braces for Wave of Debt Amid Trump Selloff
(DBN)

Judge Directs San Bernardino, Insurers to Negotiate Bankruptcy Resolution San Bernardino bankruptcy: Mediation, then final confirmation scheduled
(DBN)

The children of Flint are still waiting
(DBN)

NJ: State's 10th Credit Downgrade Latest Sign of Economic Malaise
(DBN)

____________

Travel:

United Airlines just banned carry-on bags for certain economy-class passengers
(DBN)

6 genius travel tips from business-trip pros
(DBN)

____________

Oil/Gas:

Oil field workers get no relief as the energy industry cuts deeper in 2016
(DBN)

Oil is soaring Oil Jumps Most in Seven Months as OPEC Members Seen Pushing Deal Energy Companies Lead Indexes Higher As Oil Price Soars
(DBN)

Saudis Issue Warning To Trump: Don’t Stop Saudi Oil Imports
(DBN)

IEA says oil demand won’t peak until 2040 World could face oil shortage by end of decade, says IEA
(DBN)

Hard times in the oil patch: tax implications for investors in the era of price fluctuations
(DBN)

Trump adviser promises a return to 'Drill, Baby, Drill'
(DBN)

Why this Oil-Price Bust will Drag Out a Lot Longer than the US Oil Industry Claims
(DBN)

Proskauer Advises Pacific Exploration & Production Corporation on Its $5.5 Billion Restructuring
(DBN)

Trump's first 100 days could hit Texas hard
(DBN)

Obama's government just released a new oil and gas rule — and Trump's may not like it much
(DBN)

Oil Companies Needing Higher Prices Are In Big Trouble
(DBN)

Weatherford gets “junk” credit rating after CEO resigns
(DBN)

____________

Mail:

U.S. Postal Service Loss Widens as Higher Costs Offset Revenue Growth
(DBN)

______________

Debt Collection:

Creative Avoidance of Potential FDCPA Liability
(DBN)

______________

Fraud:

Trump University Students Urge Judge to Honor Trial Date
(DBN)

______________

Consumer Finance:

Higher Defaults Happening for Online Loans
(DBN)

______________

Autos:

What VW is Doing With Repurchased Diesels
(DBN)

NADA: New Car Sales to Fall to 17.1M in 2017
(DBN)

Takata Customers Back Rival Autoliv's Takeover Plan
(DBN)

______________

Metals:

Judge denies Minnesota's move to retake mineral leases Bankruptcy judge blocks attempt to rescind Essar Steel's mineral rights
(DBN)

______________

Solar:

Funds Say Goldman, Others Flubbed $157M SunEdison Buy
(DBN)

SunEdison Steps Back from Proposed TerraForm Power Settlement
(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 (34 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (26 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)

______________

Privilege:

In Bankruptcy, Attorney-Client Privilege Is Not Absolute
(DBN)

______________

TBTF:

Auditor's Report Faults Fed on 'Stress Tests'
(DBN)

______________

Distressed Investing:

The Good, The Bad And The Ugly Of Post- Bankruptcy Investing
(DBN)

______________

Cross-Border:

Global bankruptcy & restructuring roundtable
(DBN)

______________

SCOTUS:

Time-Barred Bankruptcy Proofs of Claim Violate FDCPA: Supreme Court Grants Certiorari to Eleventh Circuit Case Johnson v. Midland Funding, LLC
(DBN)

______________

Executory Contracts:

In re Trump Entertainment Resorts, Inc. in Retrospect
(DBN)

______________

Mediation:

Six Illusions that Restrict Mediation
(DBN)

______________

Avoidance Actions:

The Intersection Of Avoidance Actions And Setoff
(DBN)

______________

Discharge:

Denial of Discharge for Violating Securities Laws Made Easier to Prove, Circuit Says
(DBN)

______________

Non-Profits:

Confirming A Plan Of Reorganization For A Nonprofit Debtor
(DBN)

______________

Retailing:

Traditional apparel retailers are still struggling
(DBN)

____________

Coal:

Coal Mining Stocks Are Overreacting To Trump's Victory
(DBN)

The Coal Industry Isn't Coming Back
(DBN)

____________

Healthcare:

Donald Trump wants to scrap Obamacare but keep its most popular provisions. Too bad that’s impossible
(DBN)

______________

Corporate Reform:

Audit of U.S. stress test ready, may aid Dodd Frank overhaul fight
(DBN)

Future of CFPB in Play as Warren Digs In
(DBN)

How to Help a Whistleblower
(DBN)

______________

Gambling:

Company behind Klondike Sunset Casino files for bankruptcy
(DBN)

______________

Movies:

Trouble For Tinsel Town?
(DBN)

______________

Tech:

Xtera Communications Files In DE First Day Dec
(DBN)

____________

Puppets:

Monster mistake puts puppeteers on brink of bankruptcy
(DBN)

______________

Sovereigns:

Here's the credit rating for every country in the world, courtesy of Moody's
(DBN)

Moody's Warns on $7 Trillion Global Gov't Debt
(DBN)

____________

UK:

Fighting The Flab: UK Supreme Court Seeks To Limit The Scope For Remedial Constructive Trusts
(DBN)

Marshalling Allows Individuals to Benefit from Agricultural Charges
(DBN)

______________

PIIGS:

Barack Obama raises possibility of debt relief on final Greece visit Barack Obama backs IMF calls for Greece debt relief Obama Keeps Hope Alive for Crisis-Ridden Greece Greek police, protesters clash in Athens during Obama visit
(DBN)

Greece's Creditors Insist on Larger Percentage in Mass Layoffs
(DBN)

Tsipras Expects Trump to Govern Differently Than He Campaigned. Tsipras Would Know.
(DBN)

Debt Talks Begin With Bailout Creditors : 9 Days for a Deal Greece starts new talks with creditors , eyeing debt relief Three key deadlines for a deal with the creditors
(DBN)

______________

Canada:

Guide to Doing Business in Canada: Bankruptcy & restructuring
(DBN)

Canada plans joint trade talks with U.S., Mexico says finance minister
(DBN)

Energy companies' unpaid electric bills sent to Alberta farmers
(DBN)

Canadian oil companies are opening their wallets again
(DBN)

____________

India:

Everything you need to know about the Indian economy
(DBN)

____________

Brazil:

Oi Creditors Split Off as Bankruptcy Fights Deepen
(DBN)

______________

Australia:

Pre-Packs In Australia: Where Are We Now?
(DBN)

The duties of insolvency practitioners under the spotlight
(DBN)

______________

Ukraine:

Legislative light at the end of the tunnel: Ukraine's new financial restructuring law
(DBN)

______________

Singapore:

Singapore unveils major debt restructuring law reforms
(DBN)

______________

Belize:

Belize Is Trying to Restructure $530 Million of Bonds
(DBN)

______________

Venezuela:

Multinational firms dumping Venezuela operations in fire sales
(DBN)

______________

Mexico:

Mexico tries to reassure investors after Trump win
(DBN)

______________

Brazil:

Oi Creditors Said to Split Off as Bankruptcy Fights Deepen
(DBN)

______________

India:

Jobless Growth Triggers Concern of Voter Backlash Across India
(DBN)

______________


The Daily Bankruptcy News is primarily a curated news link gathering service.   Most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subscription fee is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use. If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid service subscription. These links are currently marked with a "DBN" notation. The cost of a subscription is $62/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links.

New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase.

Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested. There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear. You do not need to type anything in the body of the email message. Note that the email asking for removal must be sent from the same email address which is on our distribution list. If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

If receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list.

Press Releases/News Tips
Please send press releases and news tips to admin@bkinformation.com

Contact Us
The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C. You can reach us at 281-402-3957 or at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries). Our mailing address is 935 Eldridge Road, No. 350, Sugar Land, Texas 77478.

Copyright 2016