December 7, 2017

The Daily Bankruptcy News

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Law:

Fire Up a Blunt: Never Work in Big Law Again with These Holiday Party Tips
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I’m Not Your Damn Father
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California Litigation Boutique Crushes Market Bonuses
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Trump Shift on Israel Highlights Lawyers' Roles in Middle East Policy
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New Chairman and Managing Partner for McGuireWoods
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The 10 Highest Paid Women GCs in the U.S.
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Fearing the grueling LSAT test? More law schools are accepting GRE test applicants
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Bankruptcy Partner Gary Caris Joins Barnes & Thornburg in Los Angeles
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Fall 2018 Law School Admissions Season Opens With A Bang: Applicants Are Up 14.2%
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If A Tree Falls in Biglaw, And No One Hears It, Does It Make A Sound? Meet Firoz Dattu!
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Robots Will Never Be As Creative As Lawyers
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Which Law School Has Been Put Up For Rent?
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Rainmaking And Relationship-Building: 5 Proven Strategies
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Why Won’t The ABA Advocate For Solo & Small Firm Interests On Tax Reform
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Tech Startups, Not Law Firms, Are Attracting Many Law Grads
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SeaWorld sanctions motion claims Covington recruited ‘puppet plaintiffs’ in consumer class action
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Profile In Recovery: From The Clubs To The Courtroom
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Superstar Lawyer Tied to Weinstein and Charlie Rose Isn't Panicked Forced Arbitration in Harassment Cases Next Target for Congress Hollywood needs a "reset" after #MeToo More accusers come forward against John Conyers Seventh woman accuses Al Franken of sexual misconduct Democratic Senators Turn on Al Franken After Latest Allegations Eight Democratic senators call on Al Franken to resign after latest sexual misconduct allegation Schumer is 33rd Dem senator to call for Franken's resignation It's An Avalanche: One by one, Democrats call on Al Franken to resign Franken plans 'announcement' Thursday How the Franken dam burst Democrats are finally holding themselves to a higher standard on harassment Franken and Conyers scandals could save the Democrats Dems Moves on Franken, GOP Embraces Moore Rep. John Conyers' son — who he endorsed to replace him — was reportedly arrested on suspicion of domestic abuse TIME's Person of the Year: The "Silence Breakers" of #MeToo Lena Dunham and Tina Brown say they warned the Clinton campaign about working with Harvey Weinstein ‘Trump is worse’ than Weinstein, says ‘Art of the Deal’ author — and ‘much more will emerge’ Majority of Americans Think Congress Should Investigate Trump for Sexual Harassment, Poll Says ‘I have ears and eyes everywhere! Harvey Weinstein reportedly made his assistants buy ED drugs for him with his company credit card 6 women file proposed class-action lawsuit against Harvey Weinstein, alleging assault cover-ups were racketeering Law Firms Implicated in New Weinstein Class Action Suit accuses Harvey Weinstein of racketeering, says law firms aided Megyn Kelly asks her audience to stand if they’ve ever been sexually harassed or assaulted — the result is staggering Harassment Horror Stories from the Texas State Capitol Roy Moore backer justifies support for alleged abuser: ‘Lot of women have accused me’ too
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That Sound You Heard Was Ty Cobb Throwing John Dowd Under The Bus Former federal judge baffled by Trump lawyers arguing obstruction strategy in public: ‘Not the most artful performance’ DOJ investigating texts between FBI officials after anti-Trump messages found Russia probe tests Pence in-the-dark defense The new right-wing attack on the Mueller probe, explained Whistleblower: Michael Flynn told business colleague on inauguration day that Russia sanctions would be 'ripped up' Flynn's Secret Texts Reveal Trump Collusion: Experts Poll: Most Americans think Flynn's guilty plea is "a serious matter" Deputy AG Rosenstein Says He Won't Talk Mueller Probe, Then Talks Mueller Probe Death By Tweet: Questions Linger Over Flynn Tweet and the Role of Trump Counsel Did Trump Obstruct Justice? These People May Know Best Devin Nunes spoke to Erik Prince about House Intel testimony despite recusal from the Russia probe A 'serious case of amnesia': House Intel Democrat pans Trump Jr. after 8-hour interview Donald Trump Jr. cites attorney-client privilege to avoid lawmakers’ questions
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We’re lawyers who support same-sex marriage. We also support the Masterpiece Cakeshop baker.
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Mini travel keyboard designed for lawyers has one-key symbols and legal terms
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Town crier delivers Bud Light’s cease and desist letter to craft brewer over its ‘Dilly Dilly’ beer
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Receiver/disbarred attorney sentenced for thefts from defunct chain
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House passes Concealed Carry Reciprocity Act Gun Laws May Be Getting a Lot Looser
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Fort Lauderdale, St. Louis Ranked America's Least Safe Cities
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Gay man previously denied marriage license runs against Kentucky county clerk in election
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Mayor Arrested For Using Dead People's Handicap Placards
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I Saw the Kate Steinle Murder Trial Up Close. The Jury Didn’t Botch It.
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Ashley Madison Caught Exposing Cheaters' Private Photos
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Lawyer Suspended for One-Sided Farmland-for-Fee Deal
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Once disbarred for ignoring suspension, lawyer is permanently disbarred for continuing to practice
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Judges:

Retired federal judge won’t be disciplined over allegations of coerced sex with teen
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BK MN: Job Opening: Case Administrator
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Judges, former staff gather in anniversary tribute to Tulsa federal building
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Wife of Supreme Court justice gives notorious conservative sting-op mastermind an award for 'defending liberty' Clarence Thomas' Wife Presented James O'Keefe Award--At Trump Hotel--After Failed WaPo Sting
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Judge, in rare move, defends actions
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Wall Street:

US futures point to slightly higher open as tax reform news takes center stage
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Stocks Close Mixed As These Dow Components Find Key Support
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Layoffs:

GE Plans to Fire 12,000 Workers GE to Cut 12,000 Jobs in Power Business
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Rider University sends layoff notices to entire teaching staff at Westminster Choir College
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104 Layoffs As Maurice Sporting Goods Announces Bankruptcy
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Island Air fails to pay for ex-workers' November health care
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ComScore Outlines Plan to Cut 175 Jobs
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Politics:

Trump thinks the Pences are 'Yokels' because they brought pets to Washington
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An obscure Democratic congressman is planning to force a vote to impeach Trump
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Moore spokesman calls accusers 'criminals' Doug Jones attacks: Moore belongs in prison, not the U.S. Senate Jones rips Bannon ahead of appearance at Moore rally: 'Carpetbagger' A GOP victory in Alabama may be more costly than a defeat Church under fire for comparing Roy Moore to Jesus Supporting Roy Moore Is a Devil’s Bargain
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Trump speaks to Romney amid speculation on Utah Senate race
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Trump's approval rating jumps to 45 percent, highest since September
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Stylists are baffled by Trump’s reported suit maintenance
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Travel:

Airlines will begin banning smart luggage in 2018
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Delta Flight Diverts Hundreds Of Miles, Makes Emergency Stop As Bathrooms Fill Up
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Plane nearly lands on runway as another departs JFK
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These are the top 20 worst commutes in America
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Banking:

California wants to suspend or take away Wells Fargo's insurance license over sales
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Celebs:

David Cassidy cuts daughter Katie out of will and leaves majority of wealth to son Beau
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Maritime:

Tidewater Inc. Settles Its Remaining Charter Agreement Rejection Damage Claim After Judge Shannon Found Stipulated Loss Value Provision to be an Unenforceable Penalty
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Agriculture:

Record Suicides Among American Farmers
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Hedge Funds:

They Gave Her a $3.8 Million Bonus—and Then the Boot
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Accounting:

EY appoints six global leaders
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Economy:

Surge in manufacturing jobs causes private payrolls to rise more than expected in November ADP: Private Employment increased 190,000 in November
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US unit labor costs decline for two straight quarters
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The Great Credit Party Is Almost Over, Societe Generale Says
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Socialism, Capitalism Seen in New Light by Younger Americans
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The biggest winner in the GOP tax plan is Trump's own industry – real estate Experts find tax plan riddled with glitches The GOP isn't getting a political payoff from its tax plan Cutting Homeowner Tax Breaks May Cost GOP As Republicans iron out their tax bill, expect a sweeter deal for corporations Answering Your Questions About the 2017 Tax Bill A Big GOP Tax Loophole Winner: Donald Trump Apple Could Get $47 Billion From This Tax Reform Citi could face $20 billion one-time hit if GOP tax plan becomes law, CFO says Experts are starting to find massive errors in the GOP tax bill after it went through Congress at lightning speed House's Complex Pass-Through Tax Plan Expected To Fizzle Negotiators Poised for Battle Over Taxing Pass-Through Income Impact of Tax Cuts Viewed Mostly Through Partisan Lens Tax cuts may leave Washington low on ammo for next recession battle Tax Bills Ax Most Valuable SALT Deductions, Study Shows This Little-Known Tax Plan Takes Aim at Your Trading Account GOP considers bumping up corporate tax rate to 22% For New York Commuter Hubs, Tax Plan Threatens Trickle-Down Pain Tax reform will fill shareholders' pockets but hit the middle class, ex-US commerce secretary says The GOP Tax Bill Is A Big Win For U.S. Oil And Gas Corporate Tax Cuts Lead to Mental Gymnastics Economists Warn Tax Bill Will be a Disaster Greenspan Has a Warning About the GOP Tax Plan Tax cut could push the U.S. into recession, says Paulsen
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How the economy compares to when other fiscal bills were passed
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Advocates: Cost of GOP tax bill puts entitlement programs at risk of cuts Ryan Wants to Start Cutting Medicare Ryan says Republicans to target welfare, Medicare, Medicaid spending in 2018 Republican officials say targeting welfare programs will help spur economic growth
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Baby Boomers could end up $227,000 richer if they stop bankrolling their adult children
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Trump defies data with 6% GDP growth forecast FactCheck: 6 Percent Economic Growth
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Household Debt and Its Hidden Costs
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House conservatives anxious about upcoming spending bill The government-shutdown negotiations are starting to careen off the rails Trump: Government shutdown 'could happen' Saturday Trump would sign bill that funds government through Dec. 22, White House says Schumer walks tightrope on shutdown
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This is why Americans are broke and fat
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How much alums of America's top colleges earn 10 years after graduation
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Trump Is About to Make Tip-Pooling Legal Again. Here's What That Means for Restaurant Workers
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US report underscores West Coast homeless crisis
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Ford to move electric-car manufacturing to Mexico
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Black Americans Cross Jobs Milestone, Though Victory Is Tenuous
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Even single people making $100,000 can feel like they’re scraping by
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The richest 1 percent now owns more of the country’s wealth than at any time in the past 50 years
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Good news: inequality shrinking
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Does Deregulation Move Markets? Be Skeptical
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US Debt Clock
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World Debt Clock
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Real Estate:

MBA: Mortgage Applications Increase in Latest Weekly Survey
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2018 Housing Forecasts
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Hot housing stocks are cooling off, and there could be more trouble ahead
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Changes in tax law may prompt homeowners to move to other states
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Ellie Mae: More single, female Millennials are buying homes
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San Francisco rent is so expensive a law firm bought a $3 million plane to fly its people in from Texas instead of having them live there
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The way Americans buy homes is changing — and it presents a huge problem for the middle class
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Las Vegas Real Estate in November: Sales up Slightly YoY, Inventory down 33%
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How the Cook County Assessor Failed Taxpayers
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Woodbridge Group of Companies Receives Court Approval of First Day Motions
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Donald Trump's Real Estate Business Is Losing One Of Its Most Important Tenants
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Municipalities:

Puerto Rico’s Slow Hurricane Recovery Is Suffocating Small Business
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MI: Legislature opts for less drastic approach for municipal retiree benefit changes
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Oil/Gas:

California Bill to Banish Gasoline Cars in Works
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Trader who predicted oil under $30 says prices could rally to $100
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JPMorgan Calls $60/Bbl Magic Number for New Shale Surge
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Oil prices stable as lower crude stocks counter soaring US output Oil falls on report of growing gasoline stockpile
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Geopolitical risk isn't what's driving oil prices anymore
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Oil drillers will spend cautiously even as GOP eyes corporate tax cuts, says billionaire oilman Harold Hamm
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How Trump got oil, solar lobbyists to unite
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Healthcare:

ACA enrollment lagging further behind past years
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We went bankrupt to have a baby
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UnitedHealth Buys Large Doctors Group as Lines Blur in Health Care
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Hospitals are making a fortune on Wall Street
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Out-of-pocket health spending in 2016 increased at the fastest rate in a decade
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There’s not a crisis of uninsured people overusing the emergency room
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Pace of Obamacare enrollment slows 'dramatically' as Trump administration cuts take effect
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Fertility clinic hacked and held for ransom — why your hospital could be next
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Aetna wants to create a 'Genius Bar' at CVS, and it could forever change the way Americans access healthcare
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Spending on health care slows, but still outpaces GDP
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Weather:

More than 1,000 firefighters battle California inferno Wildfires, The Bar Exam, And Pepperdine Evacuations Ordered as Skirball Fire Threatens Homes in Bel-Air Area; 405 Freeway Closed From 10 to 101 "Like Driving Into Hell" - Los Angeles' 405 Freeway Shutdown As Wildfires Spread 101 Freeway closed Skirball firefighting operations continue overnight, UCLA cancels Thursday classes Residents flee as powerful winds spread fire in many directions Horrifying images of the raging wildfires in Southern California show how rapidly destruction has spread Highway to Hell! Terrifying video shows drivers on their way to work in LA passing hills covered with flames Hillside Brush Fire Prompts Evacuations, Traffic Disaster Near Getty Center West LA Loses Power Los Angeles Is Burning, Again and Again Ammo Flies Out Of Burning Home Southern California is burning. The state's worst fire season on record won't let up Rupert Murdoch’s property on fire in Bel Air Wildfire burns homes, winery in LA's posh Bel-Air neighborhood
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The most accurate climate change models predict the most alarming consequences, study finds
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Corporate Reform:

Lawsuit sets stage for long legal battle over US consumer watchdog
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Consumer Bureau’s New Leader Steers a Sudden Reversal
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Nuclear:

Toshiba to complete Vogtle parent guarantee payments
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Fashion:

Tillman calls for US-style Chapter 11 system as he steps down at Calvetron
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Distressed Investing:

Asia's Booming Bond Market Leaves Distressed-Debt Investors With Few Options
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New Bankruptcy Opinions
(11 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Chapter 7, 12 & 13 Private Trustee Locator
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Recent Ch. 11 Filings (14 new filings today)
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Recent Ch. 11 Adversary Proceeding Filings (6 new filings today)
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Bankruptcy Code (html) - Bankruptcy Code (pdf) Prior BK Codes (pick year from list) - Bankruptcy Rules
(large downloads)

UCLA-LoPucki Bankruptcy Research Database
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Bankruptcy Jobs:

(1) (2) (3) (4) (5) (6) (7) (8)
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Seminars - (Contact us to list your seminar)

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Bankruptcy Statistics:

November Commercial Chapter 11 Filings, 2007-17
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Miscellaneous:

BK ND IL: Bankruptcy Court Liaison Committee Newsletter
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Bankruptcy & Reorganization Report
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Cross-Border:

Aurelius Capital Management, LP Issues Statement Regarding Oi Coop Chapter 15 Ruling
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Sales:

Bankruptcy Court Authorizes Sale of Power Plant Without Environmental Cap-and-Trade Obligations
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Sale Appeals: No Stay, No Appeal – Or Maybe Not
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Trustees:

Trustee $65,000 Fee Application Denied
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Currency:

Greenspan compares bitcoin to Colonial America currency that eventually became worthless
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The world’s biggest banks reportedly want to halt the bitcoin futures launch
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More than $60 million worth of bitcoin potentially stolen after hack on cryptocurrency site
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Bitcoin climbs past $14,000 as demand continues to skyrocket Bitcoin soars past $15,000, just hours after crossing $14,000
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Gambling:

Caesars' Final Big Law Bankruptcy Bill Tops $160M
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Retailing:

Billionaire Wiese Picks Up Pieces After Steinhoff Train Wreck PwC investigates accounting irregularities at Steinhoff
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Toys 'R' Us creditors look to speed up probe of pre- bankruptcy deals
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Can a strong holiday season save our favorite retailers from bankruptcy?
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Sears Holdings: Little Reason For Hope
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Retailers' Goal of Challenging Amazon Hindered by Labor Woes
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Student Debt:

House GOP bill could eliminate student loan forgiveness for half a million public servants House Republicans May End Student Loan Forgiveness
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Autos:

Ex-VW Compliance Chief Gets Maximum Sentence in Emissions Case
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Is The U.S. At Risk Of Losing Its Auto Industry To China?
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Marijuana:

If you're in the cannabis business, you better not go bankrupt
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Commodities:

Noble Faces Key Deadlines as Default Threat Looms
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Football:

Thanks to bankruptcy judge, UWO football has help in its national championship bid
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Roger Goodell inks $200M contract extension
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Fact Check: First NFL Team Declares Bankruptcy Over 'Take a Knee' Protests?
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Fraud:

Former attorney: Smaller Lindemuth companies not linked to overall bankruptcy case
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UK:

British High Court judge delivers seminal ruling voiding UK recognition of Russian bankruptcy in #Magnitsky case
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British Judge Tosses Out Russian Claim Against Fund Manager Browder
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English High Court holds that the terms of litigation funding agreements are privileged
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Leave voters are becoming increasingly pessimistic about Brexit
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The EU has given Theresa May 48 hours to save her Brexit deal
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Companies prepare for disorderly Brexit as talks stall UK businesses ready to put contingency plans in action
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BOE Says It Warned High Court About Brexit Insurance Deluge
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How Ireland's border became a massive problem for Brexit talks Brexit or No Brexit, the Irish Border Won't Disappear
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British entrepreneurs are founding nearly 420,000 new start-ups a year
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Debt-laden pensioners poorer than a decade ago
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EU:

Hungary: Compliance with EU Insolvency Regulation
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Canada:

The Final Chapter of Sears Canada: Financials, Bankruptcy
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Alberta to crack down on oil executives that dumped orphan wells on taxpayers Protecting Albertans from delinquent oil and gas operators
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MENA:

Trump announces US recognition of Jerusalem as Israel's capital, will move embassy from Tel Aviv Jerusalem for Dummies Trump’s Israel Speech Says Nothing Congress Didn’t Already Say 20 Years Ago Fact Check: The Jerusalem Embassy Act "passed Congress by an overwhelming bipartisan majority and was reaffirmed by a unanimous vote of the Senate only six months ago." Chuck Schumer advised Trump to declare Jerusalem Israel's capital Mattis and Tillerson Warned Trump Against Jerusalem Move Trump's big Israel move could shake the Middle East — and some consider it a declaration of war Turkey says declaring Jerusalem Israel's capital will start 'fire with no end in sight' Warnings intensify as Trump readies Jerusalem declaration The UN Security Council will meet Friday to discuss Jerusalem after requests from eight countries US embassies are bracing for 'potentially violent' backlash over Trump's Jerusalem decision Trump’s Big Gamble on Moving the U.S. Embassy to Jerusalem
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China:

IMF warns Chinese banks may be short on assets to offset potential credit losses China's ballooning debt is a major threat to global financial stability, IMF warns
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Russia:

Tillerson says the US will never accept Russia's annexation in Crimea, and sanctions will stay
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Venezuela:

China’s Sinopec sues Venezuelan oil firm as Beijing’s patience wanes over debt crisis
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India:

Massive NPA under-reporting: RBI says no rules changed
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RCom surges 3 per cent over talks with CBD for debt settlement
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India's the Anti-Goldilocks Economy
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Singapore:

Singapore High Court Decides First Case On Super-Priority Rescue Financing.
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France:

France's Right Doesn't Want to Talk About the Economy
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