October 25, 2017

The Daily Bankruptcy News

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Law:

Paul, Weiss Adds Paul Basta as Bankruptcy Co-Chair Paul Weiss Hires Ex-Kirkland Bankruptcy Star Basta Restructuring Heavy Hitter Paul Basta Switches Gears to Paul Weiss Paul Weiss adds ex-Kirkland attorney as bankruptcy practice co-chair Ex-Kirkland Partner Will Co-Chair Restructuring at Paul Weiss
(DBN)

Which Law Schools Provide The ‘Most Value’? (2017) Georgia State University tops list of best-value schools
(DBN)

What Law Schools Need To Do
(DBN)

The Oral History of Richard Toder
(DBN)

Fired Associate Takes Plea Deal In Biglaw Extortion Charge
(DBN)

Ropes & Gray Names 12 New Partners in Seven Offices Worldwide

Judge Throws Dentons Counsel Off Federal Fraud Case Against Former Sutherland Partner
(DBN)

Jury told ex-Katten atty was a "Negative Nancy d**k" and Shkreli's right-hand man
(DBN)

In-House Counsel Turn Their Nervous Eyes On The Courts
(DBN)

Wheels of Justice Turn on the ‘Justice Bus’
(DBN)

How To Configure Microsoft Outlook For Lawyers
(DBN)

Susskind on The Future for Law Firms and Leverage
(DBN)

Parsing the Data as Susskind Warns of 'The End of Leverage'
(DBN)

The legal profession’s ‘status-health paradox’: BigLaw success brings more depression, study says
(DBN)

The Social Media Conundrum: Ethics Concerns for New E-Discovery Age
(DBN)

A glut of new office space for law firms over the last year has resulted in a real estate bonanza
(DBN)

These Cy Vance Scandals Pile Up So Fast I Can’t Keep Track
(DBN)

Goldman Sachs sold a yacht it won in bankruptcy for $40 million
(DBN)

Prominent venture capitalist Steve Jurvetson under harassment investigation by law firm
(DBN)

Bill O'Reilly is 'mad at God' for harassment scandal
(DBN)

The ‘Harvey Effect’ Takes Down Leon Wieseltier's Magazine The cruel “economic exile” that men like Harvey Weinstein can banish actresses to The Sham of Harvey Weinstein’s Rehab Allen & Overy dragged into Harvey Weinstein scandal over role negotiating alleged victim’s non-disclosure agreement Amal Clooney has faced Harvey Weinstein situations in legal profession, husband reveals
(DBN)

There's a legal loophole that's preventing most harassment cases from seeing the light of day - here's how to fix it
(DBN)

Are Lawyers Perpetuating A Culture Of Silence Surrounding Harassment?
(DBN)

200 more women accuse filmmaker Toback of harassment
(DBN)

I Accidentally Turned My Dad In to Immigration Services
(DBN)

Man Allegedly Stole More Than $1M Worth Of Fajitas Over Nine Years
(DBN)

The Expert Who Blocked Trump's Travel Ban
(DBN)

55% of white Americans say they face discrimination
(DBN)

As White Lives Matter rally approaches, community braces for conflict

How It Feels When Someone Refuses to Make Your Son a Wedding Cake
(DBN)

Florida Tourist Says She Doesn't Remember Drunkenly Attacking Woman During Zombie Bike Ride
(DBN)

Trump Decides Not to Deport Dissident After Learning He’s a Mar-a-Lago Member
(DBN)

Ex-Philly DA gets 5 years for bribery
(DBN)

Court affirms sanctions against maintenance co., says Norton Rose atty, was "unreasonable," "hostile"
(DBN)

Man Kills Neighbor For Spraying Car w/ Water
(DBN)

Brazen Ikea Frying Pan Thief Is Now A Wanted Woman
(DBN)

Newly released FBI documents reveal disturbing details about Sandy Hook shooter Adam Lanza Sandy Hook Shooter 'Did Not Snap,' FBI Documents Say
(DBN)

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Judges:

First Circuit Addresses Disappearing Hyperlink Citations
(DBN)

Posner says he is organizing a national pro-bono group that includes ex-prisoner
(DBN)

Circuit Agrees With Judge Posner On Treating Pro Se Litigants Better… By Benchslapping Judge Posner
(DBN)

Nearly half of judges say they're haunted by graphic images and testimony they encounter in court
(DBN)

Will Democrats Lose Their Last Tool to Block Trump’s Worst Judicial Nominees?
(DBN)

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Wall Street:

Futures point to a mixed open S&P 500 set to slip
(DBN)

US stocks close higher on strong earnings
(DBN)

Dow resumes record run, powered by Caterpillar and 3M post-earnings surge
(DBN)

Leon Cooperman says market is fine, conditions for a big decline 'aren't present'
(DBN)

The market is acting like risk no longer exists, Bank of America says
(DBN)

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Layoffs:

Ritz-Carlton South Beach to lay off 281
(DBN)

Wehco Cuts 86 Jobs
(DBN)

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Retailing:

Sears Stops Selling Whirlpool Appliances One of Sears' crucial 100-year supplier relationships has died as sales plummet Struggling Sears cuts ties with another old friend Whirlpool's shares slide after end of century-old deal with Sears Why Sears ended a century-old partnership with Whirlpool
(DBN)

How many ways, how many times can it be said? Sears is in a death spiral.
(DBN)

Target and other retailers are using lease agreements to throw a wrench into Amazon's plans for Whole Foods
(DBN)

Amazon disrupting business supply industry W.W. Grainger shares drop after Amazon launches Business Prime Shipping
(DBN)

Hasbro's holiday strategy
(DBN)

Bankruptcy judge praises Toys R Us , creditors for working together Toys 'R' Us Smooths Over Troubles With Vendors Toys 'R' Us says most top vendors have resumed shipments
(DBN)

Profit from Retailers ' Defaults With These ETFs
(DBN)

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Cybersecurity:

Equifax Faces U.K. Regulatory Investigation Over Cyber Attack
(DBN)

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Politics:

Trump and top GOP senator Bob Corker took their feud to a nuclear high in a morning of back-and-forth bashing Bob Corker imagines what Donald Trump’s legacy will be, and Trump is not going to be happy Seven Takeaways From the Trump-Corker Feud Trump and Corker Are Scheduled for an Awkward Lunch Bob Corker says the GOP's big meeting with Trump on tax reform was nothing more than a photo-op Bob Corker Says Donald Trump Is an 'Utterly Untruthful President'
(DBN)

Trump Courted a GOP Rebellion. Now He’s Got One Virtually every Republican now a Trump Republican
(DBN)

Republicans in US House launch probe of Russia deal involving U.S. uranium Background on the U.S.-Russia Uranium deal Hillary Clinton, Russia, and uranium: What you need to know Hillary Clinton, Russia, and uranium: What you need to know
(DBN)

House committees will investigate Justice Department’s handling of Hillary Clinton email probe
(DBN)

Arizona's Jeff Flake announces he will not seek re- election to U.S. Senate 2 Republican senators become completely unchained and go after Trump in unprecedented day White House struggles to downplay stunning criticism of Trump from Republican senators Bob Corker, Jeff Flake throw the GOP some spine Reality check on Flake's retirement Jeff Flake isn't brave, he's helpless — and he doesn't understand why Sanders Says Flake Lacks Support For Re-Election Sen. Jeff Flake will retire, citing direction of GOP under Trump Senators react to Jeff Flake's bombshell announcement that he won't seek reelection in 2018 Flake, in a bombshell Senate speech: 'Mr. President, I rise today to say: Enough.' I know Jeff Flake. Trump has shaken him to his core. Flake Adds to Broadsides Against Trump Rattling GOP Unity Flake announces retirement as he denounces Trump Flake voted with Trump 92% of the time Trump supporters cheer Jeff Flake's retirement John McCain: Jeff Flake Stood Up For What He Believed In Knowing 'There Would Be a Political Price to Pay'
(DBN)

What Trump told GOP senators behind closed doors
(DBN)

Roy Moore Says Gay Marriage Ruling Is 'Even Worse' Than 1857 Pro-Slavery Decision
(DBN)

We finally know who paid for the opposition research that led to the Trump-Russia dossier Clinton campaign, DNC backed research for Trump-Russia dossier The infamous Trump/Russia dossier was funded in part by Hillary Clinton’s campaign lawyer Clinton Lawyer Might Have Lied to NY Times About Who Funded Trump Dossier
(DBN)

The Manhattan US attorney's office is reportedly investigating Paul Manafort for possible money laundering
(DBN)

Trump Legal Adviser Is Said to Be Going Before House Panel
(DBN)

The world's most unpopular leaders
(DBN)

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Aviation:

Island Air’s Planes Could Be Grounded by Wells Fargo
(DBN)

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Economy:

Trump Asks GOP Senators for Show of Hands on Fed Nominee Choices Trump's unusual style of picking a Fed chair has created a more volatile bond market Trump asked Senate GOP who he should make Fed chair, and it looks like John Taylor won Yellen Finds Unlikely Advocate at White House: Trump Warsh vs. Quarles Feud Has Been Renewed by Trump Fed Search
(DBN)

Richmond Fed: "Manufacturing Activity Remained Positive in October"
(DBN)

Ray Dalio Says Fed Should View U.S. as Split Into Two Economies
(DBN)

Central Banks Can't Slow the Corporate Debt Binge
(DBN)

5 charts that show how rising household debt could prompt another financial crisis
(DBN)

Trump and Corker’s Feud Erupts Again, This Time Over Taxes The White House’s Inconsistent Tax Messages Are Keeping Everyone Guessing Stock market would see ‘setback’ if Trump tax package fails, says BlackRock’s Fink Trump-Ryan tax plan will encourage more corporate offshore tax avoidance The stats that show why Trump vowed to keep 401(k) plans safe No, 401(k)s Aren't a 'Great and Popular Middle Class Tax Break' Republicans aim to unveil tax bill on Nov. 1, source says Trump’s ego threatens tax reform OMB director says Republican tax overhaul 'going to pass' Mitch McConnell's office dismisses report that the Republican tax plan is already in danger Trump is getting more involved on tax reform as the clock ticks for a Republican legislative win in 2017 Tax Cuts and Fights Over Them are Coming Secrecy, Division, Complaints: GOP Tax Rollout Echoes Obamacare Repeal
(DBN)

Among developed nations, Americans' tax bills are below average
(DBN)

Trillion Dollar Deficits to Become the Norm
(DBN)

Even a NAFTA Collapse Won’t Keep Companies From Moving to Mexico What Trump gets, and doesn’t get, about NAFTA Keeping NAFTA's dispute settlement system is vital to American business Canada, Mexico Prepare for End of NAFTA Auto Industry to Trump: We'll Win on NAFTA Citing NAFTA secrecy, Ron Wyden vows to oppose Trump trade picks
(DBN)

‘America First’ is a losing strategy on trade
(DBN)

Under Trump, Made in America Is Losing Out to Russian Steel
(DBN)

Caterpillar's growth indicates strengthening world economy
(DBN)

Good Times Come to Trump-Leaning States
(DBN)

"Degree inflation" may be pushing workers out of the middle class
(DBN)

11.5 million jobs coming in next decade. The hottest: Solar panel installer
(DBN)

Sorry, Sheryl Sandberg, but ‘leaning in’ might be useless for working women
(DBN)

Why General Electric Company's Stock Plunged 7% One Theory on What's Behind GE's Stock Roller Coaster GE's struggles put its 'blue chip' status in jeopardy GE’s stock is in breach of an unwritten rule for Dow members
(DBN)

Chemical Activity Barometer "Bounces Back" in October
(DBN)

Countries with the Safest Banks
(DBN)

Percent Of People Who Speak A Language Other Than English At Home
(DBN)

Former financial watchdog chief: Capitalism has 'gone wrong'
(DBN)

10 best middle-class jobs in the U.S. for the next decade
(DBN)

Why credit is the Hotel California of markets
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Home equity loans set to soar along with home prices HELOC originations set to double over next 5 years
(DBN)

Freddie Mac: Mortgage Serious Delinquency rate increased in September
(DBN)

More People Think Renting Is a Better Deal Than Buying
(DBN)

How self-driving cars will turn unlikely towns into hot real-estate markets
(DBN)

This Is How Long It Takes to Sell a Home in NYC
(DBN)

I spent a year trying to buy an apartment in New York City — and it's just as bad as you've heard
(DBN)

Over Half of America's Affordable Housing Supply Has Vanished
(DBN)

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Municipalities:

JetBlue shifts winter service away from Puerto Rico
(DBN)

Tesla just unveiled its first battery project in Puerto Rico that will restore power to a children's hospital Puerto Rico is currently considering Tesla's plan for a series of microgrids, says govt official
(DBN)

US recommends Puerto Rico shield all federal relief from creditors
(DBN)

How Whitefish Energy Got $300 Million to Restore Puerto Rico Electricity Puerto Rico electric utility awards $300 million contract to tiny Trump-connected company Small utilities company linked to Trump supporter gets $300M contract Puerto Rico power contract prompts questions Puerto Rico, Whitefish defend controversial power contract Lawmakers seek probe of power contract to Zinke neighbor
(DBN)

Jones Act in Puerto Rico Exemplifies Protectionist Policy Gone Wrong
(DBN)

Puerto Rico's Hurricane Crisis Has Only Just Begun
(DBN)

Puerto Rico's Not-So-Natural Disaster
(DBN)

Why FEMA sent ‘junk food’ to Puerto Rican hurricane survivors
(DBN)

Congress approves $36.5-billion disaster aid for Puerto Rico, wildfires and hurricane relief Senate Passes Hurricane Relief Bill Granting Puerto Rico Loans
(DBN)

In Puerto Rico , We Invented Resilience
(DBN)

Puerto Rico Facing Debt and Disaster
(DBN)

The government needs to get its act together in Puerto Rico
(DBN)

A Puerto Rico for Puerto Ricans: No to Rebuilding, Yes to Remaking
(DBN)

Hartford Bankruptcy Unlikely If Budget Passes, House Leader Says
(DBN)

Threat Of Bankruptcy Causes Jitters For Hartford Buyers, Sellers
(DBN)

Officials: Flint could go broke without water deal
(DBN)

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Oil/Gas:

Seadrill's Debt Overhaul Faces Creditor Scrutiny Bondholder coalition vows to challenge Seadrill restructuring
(DBN)

Oil Jumps as Investors Mull US Inventories, OPEC Deal Strategy US oil benchmark settles at a 6-month high Oil gains as OPEC said to work on exit plan along with extended output cuts
(DBN)

Zinke announces largest oil and gas lease sale in U.S. history
(DBN)

Venezuelan Oil Cargoes to U.S. Ports Plunge as Sanctions Bite
(DBN)

Electric Cars Won't be Oil Threat for Decades
(DBN)

Saudi Minister: Energy Demand to Jump 45%
(DBN)

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Corporate Reform:

Big banks are about to find out how far Senate Republicans will go to get them out of a jam
(DBN)

Senate narrowly kills a rule that would've allowed more lawsuits against financial firms Consumer Bureau’s Arbitration Rule Overturned by Senate Vote
(DBN)

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Autos:

Post-bankruptcy high for GM as profitability impresses
(DBN)

GM will test fully autonomous cars 'in quarters not years,' CEO Mary Barra says
(DBN)

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Telecoms:

Avaya Announces Global Resolution in Chapter 11 Restructuring Avaya Poised to Get Out From Under Cloud of Chapter 11 Bankruptcy Protection
(DBN)

Goldman, Citi Lead $2.9B Term Loan to Support Avaya Restructuring
(DBN)

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Weather:

How to Deal with Creditors After a Natural Disaster
(DBN)

Suits target government’s decision to release reservoir water during Hurricane Harvey
(DBN)

Future Flooding Will Be Deeper and More Frequent and Cities Aren't Prepared
(DBN)

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Travel:

Airlines get ready for new US security rules that take effect tomorrow
(DBN)

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Healthcare:

Ailing Hospitals Face Reckoning as Investor Agitation Increases
(DBN)

RIP Makes Final Push to Buy and Forgive $100M in Medical Debt for 2017
(DBN)

Two top Republicans just rolled out a competing Obamacare fix that looks a lot like repeal
(DBN)

Trump's next big decision is to save or wreck Obamacare Obamacare stabilization was already hard. It just got even harder.
(DBN)

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Taxis:

Taxi Medallion Owners Say Unequal Treatment Is Boosting Uber, Lyft
(DBN)

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Cybersecurity:

Offshore firm Appleby admits cyber breach as clients prepare for data leak
(DBN)

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New Bankruptcy Opinions
(6 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (15 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (11 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)

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Bankruptcy Statistics:

Bankruptcy, Illness, and Injury: More Data
(DBN)

‘This Is Unacceptable’: ProPublica Story on Bankruptcy in Memphis Prompts City Council Soul-Searching
(DBN)

BK NV: Updated Case Filing Statistics
(DBN)

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SCOTUS:

Bankruptcy case will have justices pondering standard of review for mixed questions of law and fact
(DBN)

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Sales:

For Sale IN Bankruptcy Auctions: Human Remains
(DBN)

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Interest:

Second Circuit Adopts the Market Rate Test for Cramming Down Secured Creditors in Chapter 11
(DBN)

Second Circuit Overturns Ruling on Cram-Down Interest Rates in Momentive
(DBN)

Cramdown Interest Rate Best Set Based on Market Rates
(DBN)

Second Circuit: Market Rate Preferred Over Formula Rate For Purposes of Secured Creditor Cramdown in Chapter 11 Issues
(DBN)

Second Circuit Adopts “Efficient Market” Approach to Calculate Cramdown Interest
(DBN)

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Mediation:

Mediating Parties on Their Mediators: Handing Out Reviews
(DBN)

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Arbitration:

Court Properly Declined to Compel Arbitration of Educational Loan Issue
(DBN)

Pence casts tie-breaking vote to make it more difficult for consumers to sue banks and credit card companies
(DBN)

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Trustees:

BK CD IL (Springfield) Seeks Ch. 7 Trustee
(DBN)

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Third Party Releases:

Bankruptcy Court Applies Favorable Standard in Considering Sponsor Releases Under Plan
(DBN)

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Litigation:

Using litigation finance: 12 Leading lawyers weigh in (Part II)
(DBN)

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Entertainment:

The Weinstein Company Is Reportedly Flat Broke The Weinstein Co. Bankruptcy Inevitable ... But Company Says BS
(DBN)

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Ethanol:

How the Farm Belt Pressured Trump and Beat the Oil Industry
(DBN)

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Distressed Investing:

Barclays Is Said to Consider Return to Riskier Debt Trading
(DBN)

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Coal:

Power grid operator protests Trump plan to aid coal, nuclear
(DBN)

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Personal Finance:

5 ways to negotiate lower credit card costs
(DBN)

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Student Debt:

Elizabeth Warren Calls for SEC Insider Probe of Navient Trades
(DBN)

John Grisham discusses the student debt crisis that inspired his latest novel
(DBN)

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Finance:

Think Finance bankruptcy exposes messy business
(DBN)

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Plastics:

PET resin maker M&G Group files for bankruptcy protection in Italy
(DBN)

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Mass Torts:

Could Reversal of $417M Calif. Verdict Foreshadow Doom for Talc Cases?
(DBN)

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Food/Beverage:

Wine Organization Forecasts Historically Bad Year Due To Weather Events Global wine production is expected to fall to its lowest level since 1961
(DBN)

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UK:

Statutory interest: UK Court of Appeal judgment on Lehman Waterfall II Parts A and B
(DBN)

Picture worsening for businesses across the UK as one-in-four reports sign of distress
(DBN)

S&P: Britain's £200 billion consumer debt boom is 'unsustainable' and raises 'red flags'
(DBN)

Broadcasters Warn They May Abandon U.K. Base With No Brexit Deal
(DBN)

U.K. Firm Scoops Up Entire Office Of Beleaguered Biglaw Shop
(DBN)

Michael Bloomberg: Brexit is stupidest thing any country has done besides Trump
(DBN)

'We've got 6 weeks left before we've lost the battle': The City's top official has a stark warning about the coming Brexit 'exodus' from London
(DBN)

Britain's economy grows faster than expected in the 3rd quarter of 2017
(DBN)

Scottish insolvencies remain stable
(DBN)

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PIIGS:

On Paper, Spain Is Ready for Showdown With Catalonia
(DBN)

Cerberus shows interest in troubled Alitalia
(DBN)

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Canada:

Concordia to Seek Restructuring Plan Within Four Weeks
(DBN)

These terrifying photos of Sears clearance sales in Canada show the devastating impact of the retail apocalypse
(DBN)

Politicians, retirees push for new laws to protect pensioners
(DBN)

Sears Canada and the confusing world of insolvency and bankruptcy
(DBN)

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India:

India to Inject $32 Billion Into State Banks to Boost Loan Growth
(DBN)

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Ukriane:

Supreme Court of Ukraine upholds lawfulness of removal of insolvent Ukrinbank, bank Capital from market
(DBN)

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Venezuela:

Rubio warns that Venezuela’s tipping point is coming
(DBN)

Venezuelan bond prices jump on report state oil giant has approved make-or-break debt payment
(DBN)

Why Venezuela Struggles So Hard to Avoid Default
(DBN)

Can Venezuela Avoid Default?
(DBN)

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Germany:

Air Berlin in talks with Condor, not just easyJet - source
(DBN)

Air Berlin finds buyer for cargo marketing unit
(DBN)

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Australia:

Government wants to reduce bankruptcy period by two years
(DBN)

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Argentina:

After a historic default, Argentina is a far cry from its past
(DBN)

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