November 28, 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

Format For Mobile Device



Law:

Ascent of Trump and Rates Herald a Boom for Restructurers
(DBN)

Shearman & Sterling Joins Growing BigLaw Trend In De-Equitizing Partners: 'Shearminations'
(DBN)

Many Large Companies Are Slashing Legal Budgets, Study Finds
(DBN)

Macy's Thanksgiving Day Parade a Funny Side Gig For Bankruptcy Lawyer
(DBN)

Biglaw Holiday Decision Tree: Do You Have To Work The Friday After Thanksgiving?
(DBN)

Jones Day Partner Tapped as Trump's White House Counsel
(DBN)

2016 Holiday Gift Guide For Lawyers
(DBN)

Help, a Customer Filed for Bankruptcy!
(DBN)

Law Student Loan Forgiveness 'May Be In Crosshairs' Of Trump Administration, Republican Congress
(DBN)

As AI Portends the Death of the Billable Hour, Law Firms Face New Reality
(DBN)

Our Law Firm Hosted An Office Baby On ‘Bring Your Baby To Work’ Day
(DBN)

How to Manage a Law Firm Leadership Succession
(DBN)

This Law Firm Is Betting on Data
(DBN)

Think Like A Pilgrim: Striking The Right Balance Of Legalese In Client Communications
(DBN)

10 signs you're burning out — and how to stop it
(DBN)

Associates, Partners - Career Interrupted
(DBN)

Longtime Sidley Austin lawyer awarded Presidential Medal of Freedom
(DBN)

Time-saving hacks that free up hours each week
(DBN)

California could soon ban sex between lawyers and their clients
(DBN)

Law schools ranked by average indebtedness of graduates
(DBN)

3 hidden iPhone features only power users know about
(DBN)

Judge tosses suit claiming wrongful death defendant was defamed on law firm website
(DBN)

In 'blistering' ruling, court upholds recusal of entire Orange County DA's office from murder case
(DBN)

Fight Over Walmart Parking Spot Leads to One of Three Black Friday Shootings
(DBN)

Stroock Obtains $40M Transfer of What Was Once Iran’s Money
(DBN)

Conflict Of Interest In Divorce/Bankruptcy Representation
(DBN)

Partner in sweary LinkedIn embarrassment
(DBN)

Simpson Thacher Elects Eleven New Partners
(DBN)

Trump and the Law
(DBN)

Prominent Harvard Law Prof Tells Electoral College to Abandon Trump
(DBN)

______________

Judges:

Judge William Lasarow RIP
(DBN)

Mover of the week: Judge Thomas P. Agresti
(DBN)

Three additional judges were among senders of inappropriate emails, Pennsylvania report says
(DBN)

Trump’s SCOTUS Shortlister Kethledge Doesn’t Mince Words
(DBN)

Garland in a select group: unsuccessful high-court nominees A judge, not a justice, Garland expected to return to cases
(DBN)

'Like it or lump it' judge sanctioned for Trump comments
(DBN)

Can Trump put another Justice Scalia on the Supreme Court?
(DBN)

Supreme Court vacancy dominates talk at national lawyers convention
(DBN)

______________

Wall Street:

Dow industrials on track to drop, halting four-session advance
(DBN)

S&P 500, Dow Hit Hit Record Highs on Black Friday
(DBN)

______________

Layoffs:

140 potash layoffs
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Solar:

Solar's Darkening Sky
(DBN)

______________

Celebs:

Breakdown of What Ex-NBA Player Darius Miles Who Made $66M Has to Sell During Bankruptcy A signed LeBron jersey could be sold at Darius Miles' auction
(DBN)

Donald Trump in talks over commerce secretary role with 'king of bankruptcy'
(DBN)

'RHONJ' star Teresa Giudice's bankruptcy settlement could be in jeopardy
(DBN)

Lindsay Lohan leaves her London home after bailiff dispute
(DBN)

______________

Telecommunications:

Avaya Ready to Sell Off Contact Center Business?
(DBN)

Nortel Wins Round in Battle Over Pension Liabilities
(DBN)

______________

Retailing:

Thanksgiving, Black Friday store sales fall, online rises This Black Friday, Americans broke retail records—without leaving their sofas
(DBN)

______________

Travel:

20 ways to fly like a pro 27 travel hacks that even frequent fliers don't know
(DBN)

Trump Supporter On Flight Yells Profanities At Passengers . . . Delta Allows Man To Take The Flight Anyway Delta apologizes for not kicking belligerent pro-Trump passenger off plane
(DBN)

______________

Ethanol:

EPA Moves Ethanol Standard Higher Bill to Cap Ethanol Gains Momentum
(DBN)

______________

Environmental:

Court-approved agreement sets stage for property cleanups in Cochise County
(DBN)

______________

Construction:

Creditors jockey for position as subcontractor on MGM casino works through Chapter 11 restructuring
(DBN)

______________

Hotels:

AZ: Lodge on the Desert back in bankruptcy court
(DBN)

______________

Shipping:

Havila Shipping sets Nov. 28 deadline to avoid bankruptcy
(DBN)

Hanjin collapse is tip of iceberg in struggling shipping industry
(DBN)

STX Offshore Sale Halted
(DBN)

______________

Corporate Reform:

Will Guys With Guns Replace the Agency Elizabeth Warren Created?
(DBN)

______________

Aviation:

WTO set to sanction Boeing over tax breaks -reports
(DBN)

______________

Apparel:

Hampshire Group, Subsidiaries File For Chapter 11 Bankruptcy
(DBN)

______________


Economy:

FOMC Minutes: "Appropriate to raise the target range for the federal funds rate relatively soon"
(DBN)

Trumponomics 'too little, too late', will likely lead to more Fed easing: Peter Schiff
(DBN)

OECD Says Trump's Policies Could Lift Global Growth
(DBN)

Consumer Confidence Up in November
(DBN)

Fed Nowcast at 2.5% for 2016:Q4
(DBN)

Trump White House to inherit solid jobs market despite widespread economic angst
(DBN)

How the ‘Trump bump’ to the U.S. economy could fall flat
(DBN)

What Trump may really mean when he talks about 'infrastructure'
(DBN)

Five Economic Reasons to be Thankful
(DBN)

Krugman: No matter what Trump does, manufacturing jobs are not coming back to the US Why Trump — or any other politician — can't do much to bring back manual labor jobs
(DBN)

For some in middle class, Trump plan would mean tax increase
(DBN)

Here's what 5 of your favorite products would cost if they were made in the US
(DBN)

Here's how much millennials are earning annually across the US
(DBN)

$1 million will be worth a lot less in the future
(DBN)

'King of bankruptcy ' would be complicated choice for Commerce Wilbur Ross tries to turn round US heartland ‘Vulture’ or ‘Phoenix’? Wilbur Ross, Risk-Taker, Is Eyed for Commerce Post
(DBN)

US Consumer in Good Shape for 2017
(DBN)

How an Illegal-Immigrant Crackdown Could Hit Growth Will Trump Really Deport Millions?
(DBN)

Rural residents face fraying safety net
(DBN)

Expert: Seniors Lose with Ryan's Medicare Plan
(DBN)

How Much of Your Country's Debt Rests on your Shoulders
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

New Home Sales Fell in October New Home Sales at 563,000 Annual Rate in October
(DBN)

New and Existing Home Sales Since 1994
(DBN)

First Look: 2017 Housing Forecasts
(DBN)

Distressed Sales and All Cash Sales for Selected Cities in October
(DBN)

Congress could play Grinch this Christmas for homeowners
(DBN)

FHFA increases Conforming Loan Limits
(DBN)

Texas Court Addresses Post-Petition Sale of Homestead in Chapter 7
(DBN)

____________

Municipalities:

Detroit's downtown rebounds, but neighborhoods lag behind
(DBN)

Dallas has a pension problem In Booming Dallas, Bankruptcy Talk Shines Light on City’s Tough Fiscal Predicament Yes, Dallas is facing bankruptcy. So are three other Texas cities.
(DBN)

For Puerto Rico’s Workers, Debt Crisis Won’t End Christmas Bonus
(DBN)

______________

Oil/Gas:

U.S. is a net exporter of natural gas for first time in nearly 60 years
(DBN)

Chaparral announces bankruptcy restructuring deal, CEO retirement
(DBN)

Ultra Petroleum - Finally, A Bankruptcy Case Where Shareholders Are Getting A Major Recovery
(DBN)

Seadrill: Bankruptcy Chances Emerge
(DBN)

Oil and gas companies in Gulf of Mexico could flourish under Trump Three ways Gulf of Mexico drillers could win
(DBN)

OPEC deal in doubt, and that means $30 oil — analysts react to latest developments The oil deal everyone has been waiting for is falling apart OPEC Push for Deal Sends Algeria, Venezuela Ministers to Moscow Saudi Arabia won’t attend pre-OPEC meeting with Russia, others Saudis pull out of talks with Russia as OPEC deal stalls OPEC talks to curb oil output come down to the wire Oil Tumbles Most in Two Months Amid OPEC Accord Skepticism For OPEC's Rivals, Success Lies in Oil Market Far, Far Away Saudi wants OPEC to solve own problems before meeting non-OPEC Oil Investors Have $490 Billion Riding on Big OPEC Decision An OPEC deal won't fix the oil glut Saudis Walk Away From Russia, Oil Talks Fall Apart Even If OPEC Gets a Deal, It Risks Reviving Battered Oil Rivals Saudi energy minister: oil market would balance even without output cuts
(DBN)

If OPEC cuts production, U.S. drillers could march rigs back to oil patch How an OPEC output deal could catapult U.S. producers back to stardom
(DBN)

Oil Industry Anticipates Day of Reckoning The Future of Oil
(DBN)

Jury Awards T. Boone $140M in Tx. Wells Case
(DBN)

Oil Companies Shoulder Pain Of Downturn With Lower Output
(DBN)

Low Oil Prices Create $1 Billion Business Killing Old Fields
(DBN)

Energy Firms Step Up Business Investment
(DBN)

Goldman Sachs Turns Bullish On Oil
(DBN)

Oil Comes Back To Life In Canada
(DBN)

______________

Food/Beverage:

Erie County Farms' unsecured creditors to get nothing Erie County Farms to close after being forced into Chapter 7
(DBN)

Lodge Sports Grille preps new locations as existing ones go into Chapter 11 bankruptcy
(DBN)

Obama Should Pardon This Iowa Kosher-Food Executive - Prosecutors overstepped, interfered with the process of bankruptcy and then solicited false testimony
(DBN)

______________

Politics:

Billionaire Wilbur Ross - Trump's apparent pick for Commerce - made millions on bankrupt steel plants
(DBN)

Trump Leans on Carrier to Keep 2000 US Jobs From Moving to Mexico Trump team, Carrier working toward a deal to keep factory in Indianapolis Trump's Bully Pulpit Focuses on Carrier Sanders pressures Trump on Carrier factory: 'It is not good enough to save some of these jobs' No More Business as Usual, Mr. Trump Trump's Stock in Pipeline Company a Concern House Democrats Warn of Trump's Potential Conflicts Over Deutsche Bank Trump's potential for conflict of interest is 'almost infinite' Secret Service May Pay Trump Org Millions to Protect Family Staying in New York Economists Brace for a Donald Trump Rewrite of Global Financial Diplomacy Trump's Team of Gazillionaires A Harvard Law Professor’s Call To Derail The Trump Train Trump's Fragile Hold on America America's Educational Divide Put Trump in the White House Trump uses Clinton's words against her in rage against recount effort Trump on Recount Effort: It's a Scam Trump makes baseless claim that 'millions' voted illegally Trump's Baseless Assertions Called Stunning
(DBN)

Hillary Clinton's campaign says it will take part in recount effort despite no 'actionable evidence' of foul play Obama administration throws cold water on vote recount effort Legally the Electoral College Could Go Hillary Democrats Don’t Have an Easy Answer for the Rust Belt
(DBN)

Jeb Bush: Constitutional convention to pass term limits and a balanced budget clause
(DBN)

Roger Williams: Let's End the Filibuster
(DBN)

______________

Television:

Failed Back9Network Exits Bankruptcy as "Swing By Swing"
(DBN)

______________

Prisons:

The US government is already quietly backing out of its promise to phase out private prisons
(DBN)

______________

Autos:

Suitors circle for Takata sale talks
(DBN)

______________

Cigarettes:

NJOY’s debt bought out
(DBN)

______________

Education:

Student Data Will Be Protected In ConnectEDU Bankruptcy
(DBN)

______________

Healthcare:

Why does Walgreens charge 1,237% more than Costco?
(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 (5 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (12 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:

Bankruptcy plagues Kentuckiana
(DBN)

Energy has dominated all industries with respect to filings reporting over $100M in debt
(DBN)

______________

Plan Confirmation:

Ninth Circuit Abandons Entz-White: Default-Rate Interest Required to Cure and Reinstate Secured Debt Under Chapter 11 Plan
(DBN)

______________

Make-Whole:

Energy Future Holdings Loses Round Three in Fight Over Liability for Make-Whole Premiums
(DBN)

WilmerHale Team Wins Precedent-Setting Third Circuit Bankruptcy Case
(DBN)

______________

Tax:

SCOTUS Asked To Decide Whether A Late Tax Return Is A "Return"
(DBN)

______________

LLCs:

Authorizing a Bankruptcy: When Is a Vote Not Really a Vote?
(DBN)

______________

Special Interests:

Insurance Companies Have Fewer Protections than Landlords and Aircraft Lessors
(DBN)

______________

Mediation:

Seven Reasons Why Mediation Mandates in Federal Statues Apply to Bankruptcy Courts
(DBN)

______________

IP:

First Circuit BAP Rejects Lubrizol on Rejection of Trademark Licenses
(DBN)

______________

Banking:

November 2016: Unofficial Problem Bank list unchanged at 173 Institutions
(DBN)

Wells Fargo Wants Fraud Case Thrown Out Why Wells Fargo may dodge fake accounts lawsuit
(DBN)

Wells Fargo Workers Sue Over Pension Funds
(DBN)

Caribbean Commercial Investment Bank Seeks U.S. Bankruptcy Protection
(DBN)

______________

Hedge Funds:

Hedge Funds Could Be the Next Meltdown
(DBN)

______________

Coal:

Trump Victory Puts Icing On Investor's Contrarian Bet On Coal
(DBN)

Peabody debt dispute fizzles as coal prices rise
(DBN)

This one chart explains why Donald Trump’s plan to bring back coal is doomed
(DBN)

Australia: Electricity From Coal Should End
(DBN)

______________

UK:

EU to UK: Not Bluffing on Brexit Terms Tony Blair: Brexit Can be Stopped Theresa May said Brexit will be 'complex' and 'hugely challenging' in a rare exclusive interview Brexit is failing to massively hold back job creation and spending in Britain
(DBN)

GB Energy's collapse to hit 160000 households with higher bills
(DBN)

The fanciest law firm offices in Britain
(DBN)

'There will be a lot of cherry picking' - what next for KWM's embattled European arm? 'The walls are crumbling down' - partners size up King & Wood Mallesons' predicament
(DBN)

______________

EU:

Europe's answer to Chapter 11?
(DBN)

Proposed New EU Insolvency Directive
(DBN)

EC Introduces Directive for Protection of Bankrupt Firms' Staff
(DBN)

Early Restructuring and a Second Chance for Entrepreneurs – EU Commission proposes new Restructuring Directive
(DBN)

______________

PIIGS:

This is what Europe's biggest bank expects from Italy's crucial referendum 8 banks could collapse if Italy's crucial reforms are rejected Italy is not heading for catastrophe, says foreign minister
(DBN)

Greece's minister criticizes IMF indecision on bailout Greece 'ready to turn page' on crisis: EU official Greece- Creditors Technical Teams Unable to Reach Agreement Greece 'ready to turn page' on crisis, EU official says Greek Discontent Brushed Off as Investors Bank on Debt Relief Greek Debt Relief Plan Said to Entail $35 Billion Bank Bond Swap
(DBN)

______________

India:

India's Modi Holds to 50-Day Pledge as Cash Chaos Intensifies
(DBN)

Bankrupt CPM and friends ferret out outdated note called bandh
(DBN)

India’s Cash-Canceling Experiment
(DBN)

______________

MENA:

The New UAE Bankruptcy Law
(DBN)

______________

China:

China's rust belt faces exodus of young talent
(DBN)

China's Debt-Laden Companies Take a Load Off - for Now
(DBN)

China 'fake equity' court ruling threatens shadow banks
(DBN)

______________

Venezuela:

Venezuela currency so devalued no longer fits in wallets Venezuela Currency Loses 45% This Month
(DBN)

Threats, Delays and Conspiracies Dog Venezuela Debt Holders
(DBN)

______________

Russia:

Rosneft lawyers manipulated Yukos rulings, emails suggest
(DBN)

______________

Brazil:

Brazilian miner MMX Mineracao files for bankruptcy
(DBN)

Dissident creditor group in Brazil's Oi retains G5 Evercore as adviser
(DBN)

______________

Cuba:

Priebus says Trump willing to reverse Obama's Cuba policy unless Havana changes tack
(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 $63/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 phone or text us at 281-402-3957. You can email us 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