October 26, 2017

The Daily Bankruptcy News

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Law:

Litigation volume lessens for US companies, report says
(DBN)

Clydes' merger talks with ailing US firm Sedgwick falter amid partner defections
(DBN)

K&L Gates to implement private blockchain
(DBN)

Law Departments Are Adding Lawyers, Legal Ops While Cutting Budgets
(DBN)

Priebus Returns to Wisconsin Law Firm
(DBN)

Not All Law Firms Are Created Equal: Some Provide Fewer Benefits Which Can Hurt Your Ability To Pay Off Student Loans
(DBN)

New York State Bar exam sees slight pass rate increase for July 2017
(DBN)

ABA supports bill addressing due-process concerns in civil asset forfeiture cases
(DBN)

These Millennial Legal Tech Entrepreneurs Are Changing Big Law
(DBN)

Perkins Coie hired company that compiled Trump dossier Clinton Lawyer Under Fire After Disclosure That The Clinton Campaign Paid For Russian Dossier On Trump Clinton Lawyer Said to Be Tied to Dossier Well Known for Protecting Political Funding Sources Russia Dossier Subpoena Fight Entangles Big Law and Boutiques
(DBN)

TX: Statewide Bankruptcy Pro Bono Project launches
(DBN)

How law firms are failing to keep their clients' data safe
(DBN)

Contract Attorneys: They’re Doing More Than Just Doc Review
(DBN)

Should Solos And Smalls Advertise On Facebook?
(DBN)

Appellate Litigator Gets All Sorts Of Phobic On Twitter
(DBN)

Another Top Offshore Law Firm Confirms Data Breach
(DBN)

President George H.W. Bush Accused Of Assault And Harassment By Actress Heather Lind George H.W. Bush apologizes after an actress accuses him of harassment Another actress claims President George H.W. Bush touched her and told a lewd joke George H.W. Bush's office releases statement saying he 'patted women's rears' with good intentions Weinstein fallout: Statehouses say #MeToo Disgraced Attorney Brings New Harvey Weinstein Accuser to 'Megyn Kelly Today' Female MD details 'years of harassment by drunk and high boss at top New York headhunters' in bombshell legal papers Exec is accused of violating every HR policy ever Mark Halperin accused of harassment
(DBN)

Radio-host lawyer is reprimanded after ‘angry black women’ comment
(DBN)

With Evidence That Could Exonerate Him, Will Steven Avery Of ‘Making A Murderer’ Get A New Trial?
(DBN)

Possibly The Greatest Ethical Misstep Ever
(DBN)

Town Implements New Rule Specifically to Keep Jews Out, Attorney General Says
(DBN)

Judge tells attorney accused of bribing cops for gun licenses to hand over invoices instead of going to dog shows
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Judges:

Bill signed into law, extending DE bankruptcy judgeships
(DBN)

Congress adds bankruptcy judges in ED MI
(DBN)

Neil Gorsuch Says The Darnedest Things
(DBN)

Are California Lawyers Running For Judicial Office Engaging In ‘Lying Contests’?
(DBN)

The Death OF A Judge And The Myth Of The ‘High-Functioning’ Alcoholic
(DBN)

Retired Judge Posner is funding his new pro bono law firm out of his own pocket 7th Circ scraps Chicago man's conviction, saying retired Judge Posner conveyed his guilt to the jury
(DBN)

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Wall Street:

U.S. stock futures steady after selloff as tech earnings await
(DBN)

Dow drops 112 points as stocks have their worst day since Sept. 5
(DBN)

Wall Street could be next to get Amazon'd
(DBN)

Deutsche Bank: "Has the music stopped playing?"
(DBN)

The S&P is about to do something it hasn’t done since Lyndon Johnson was in the White House
(DBN)

Fear of higher rates is what's really scaring the stock market
(DBN)

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Layoffs:

Tesla Mass Firings Spread to SolarCity Tesla lays off hundreds of SolarCity employees as part of broader housecleaning
(DBN)

What If Getting Laid Off Wasn't Something to Be Afraid Of?
(DBN)

Workplace automation is going to radically change the job market in 2026
(DBN)

Robots will have an IQ of 10,000
(DBN)

Nationwide cutting 400
(DBN)

Haagen Dazs to lay off 817
(DBN)

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Politics:

Trump: I remember call to Gold Star widow better than she does because I have 'one of the great memories of all-time' Donald Trump went to an Ivy League school
(DBN)

Poll: Voters Say Trump Is Reckless and Unstable Fox News Poll: Trump's approval sinks to new low, and a once loyal voting demographic may be to blame
(DBN)

Trump's allies are recycling a dubious talking point about the Russia dossier and the infamous Trump Tower meeting Republicans Ignore Their Own Financing of Trump Dossier Trump seizes on Fusion GPS bombshell, calls Clinton’s dossier connection ‘disgrace’ FEC Complaint Says Clinton Campaign, DNC Violated Law Over Trump Dossier Why Clinton Camp's Funding of the Trump Dossier Matters
(DBN)

Trump-linked data firm asked WikiLeaks about Clinton's emails
(DBN)

Flake: GOP shouldn't have to "cozy up to" Trump The Tragedy of Jeff Flake Jeff Flake’s speech won’t be the last straw—but it adds its weight to the growing pile Flake is Out, Moore is In, God Save America Trump goes on lengthy rant about Jeff Flake after the GOP senator trashed him from the Senate floor Jeff Flake’s departure is a warning shot to the GOP: It’s time to get on the Trump Flake Attack on Trump Just Means Nothing's Changed The Missing Link in Jeff Flake's Speechtrain
(DBN)

Fissures in GOP threaten Trump's agenda, 2020 plans 4 Republicans Sound an Alarm on Trump. Will Others Follow? Republican Fissures Will Only Get Wider Hill Republicans try to ignore Trump
(DBN)

GOP's New Probe into Hillary Email, Uranium
(DBN)

Trump: 'My generals' had decision-making authority on Niger mission Trump won't stop saying 'my generals' — and the military community isn't happy Are Trump's Generals in Over Their Heads? President Trump claims he did not 'specifically' authorize deadly Niger mission
(DBN)

Federal Prosecutors Issue Subpoenas in Manafort Laundering Probe
(DBN)

White Americans Feel Discriminated Against
(DBN)

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Retailing:

2017 just set the all-time record for store closings
(DBN)

Toys”R”Us Receives Final Court Approval for $3.1B DIP Toys ‘R’ Us vendors are shipping again, lawyer says
(DBN)

Walgreens to Shutter 600 Stores
(DBN)

Kohl's partnership with Amazon is only prolonging its death spiral
(DBN)

Neiman Marcus Makes Two Lists of Companies at Risk for Financial Difficulties Neiman Marcus added to new Fitch debt watch lists
(DBN)

Sears revives its classic Wish Book
(DBN)

Amazon wants you to let its delivery people into your home, but the internet is wary
(DBN)

Reinventing Retail: The Struggle Between The Store Of The Future And The Reality Of Now
(DBN)

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Consumer Finance:

Regulators Clamp Down On Abusive Consumer Loans, But Affordable Alternatives Remain Elusive
(DBN)

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Celebs:

'I don't need a lot': Anthony Joshua not looking to emulate bankrupt boxing stars like Tyson and Holyfield
(DBN)

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Radio:

Nine things you might not know about San Antonio's troubled media giant, iHeartMedia.
(DBN)

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Fraud:

Deutsche Bank to Pay $220 Million to US States Over Libor
(DBN)

U.S. trustee pursues investigation of former star wrestler Tim Krieger
(DBN)

Mississippi Man Charged with Theft from Government for Defrauding TARP-funded Alabama Bank
(DBN)

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Economy:

Prepare for a Major Slowdown in US Economy
(DBN)

Trump Decides Against Gary Cohn for Fed Chair Gary Cohn is reportedly set to leave the White House as soon as tax reform is done
(DBN)

'Tell me who your preference is': Trump solicits suggestions for new Fed Chair during Lou Dobbs interview
(DBN)

Trump Wants to Make Own Mark on Fed But Calls Yellen ‘Terrific’
(DBN)

Interest rates whipped higher by stronger US data and Fed speculation
(DBN)

The Republican tax-writing chief just contradicted Trump's vow to leave the way you save for retirement alone Trump contradicts his own tweet, says 401(k)s could now be up for negotiation Kevin Brady: We’re Still Considering New Rules for Retirement Savings House GOP tax leader suggests 401(k) changes may still come How Trump Is Endangering His Prized Tax Cuts GOP shouldn't raid 401(k) plans to pay for tax cuts Tax Cuts Are Glue Holding a Deeply Divided G.O.P. Together Trump’s “YUGE” Tax Cut Despite prospect of tax cuts, stocks of high-tax companies lag the market House Conservatives Get Ready to Swallow a ‘C--- Sandwich’ for the Sake of Tax Cuts Lawrence Summers: What I do support in a new tax plan Million dollar tax bracket picks up steam in the House Tax Kickoff Threatened by GOP Moderates' Defense of State Break Republicans make one last push for unity on taxes Commerce Sec. Ross explains how GOP could strike a deal on taxes Trump: Flake and Corker will 'do the right thing' and vote for tax cuts US House Speaker Paul Ryan says Republican tax plan is unlikely to swell the deficit
(DBN)

Trump's NAFTA Plans Will Prove Disastrous Mexico Feels Mortgaged to NAFTA. Time to Refinance.
(DBN)

The Battle of U.S. GDP Forecasts
(DBN)

Gary Cohn Reviving Gas Tax Increase for Roads
(DBN)

Demanding a Bachelor’s Degree for a Middle-Skill Job Is Just Plain Dumb
(DBN)

Is $100,000 middle class in America?
(DBN)

Philly Fed: State Coincident Indexes increased in 38 states in September
(DBN)

Giuliani suggests lack of criminal cases over 2008 crisis was because "maybe no one committed a crime."
(DBN)

Social Security Administration Spending Tops $1 Trillion for First Time
(DBN)

'Minsky Moment' Hangs Over World Swimming in Debt
(DBN)

US Debt Clock
(DBN)

World Debt Clock
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Real Estate:

US New Home Sales Soar to Highest Level in a Decade New Home Sales increase to 667,000 Annual Rate in September Comments on September New Home Sales
(DBN)

New home sales 10-year high baffles economists
(DBN)

Single Family Mortgage Serious Delinquency Rate Edged up Slightly in September
(DBN)

Mortgage Crisis Still Claiming Victims
(DBN)

MBA: Mortgage Applications Decrease in Latest Weekly Survey
(DBN)

Hamptons Mansions Pile Up
(DBN)

Rising Rents Are Pushing More Tenants Past the Breaking Point
(DBN)

How to buy a home without a mega down payment
(DBN)

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Municipalities:

Puerto Rico bankruptcy judge forbids disaster funds for credit repayment
(DBN)

Puerto Rico stands 'on the brink of a massive liquidity crisis that will intensify'
(DBN)

Klarman Says Puerto Rico Should Repay Its Debts, Prof Agrees
(DBN)

Bond Funds Dump Puerto Rico
(DBN)

Lawmakers seek probe of power contract to Zinke neighbor San Juan mayor gets in Twitter fight with tiny Montana firm awarded controversial $300 million contract for Puerto Rico Whitefish Energy Apologizes to Puerto Rico, San Juan Mayor for Twitter Comments Puerto Rico Whitefish Energy Deal Will Be Audited After It Raised Questions
(DBN)

More than 73,000 Puerto Ricans flee for Florida
(DBN)

Neither nation nor state, Puerto Rico shows a 'territory' gets the worst of it
(DBN)

Tesla helps restore power in Puerto Rico with energy technology
(DBN)

Puerto Rico’s electric power authority likely to get emergency manager, over governor’s objections Ex-colonel to oversee troubled Puerto Rico power company
(DBN)

Hurricane Maria recovery puts Puerto Rico’s deep rich-poor gap in stark relief
(DBN)

CT: Cities Seeking Debt Assistance From State Can't File For Bankruptcy, Lawmakers Say
(DBN)

One of Hartford’s Biggest Bondholders Doesn’t Foresee a Default
(DBN)

No Money, Big Problems: Union Pension and Benefit Obligations May Force Hartford Into Bankruptcy
(DBN)

Even Illinois's CFO Doesn't Know How Many Bills Are Unpaid
(DBN)

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Oil/Gas:

New Oil Crisis Developing in the Middle East
(DBN)

Oil trades roughly flat after report shows rising US crude stockpiles
(DBN)

Global oil industry job market on the rise after 440,000 workers cut in downturn
(DBN)

Amid Low Prices, Oil Giants Gush About Breaking Even Big Oil Set to Make Facebook-Level Cash Even With $50 Crude
(DBN)

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Healthcare:

Morehead Hospital attracts 7 bidders, including Cone
(DBN)

Dimensions Health hit with suit over phony OB-GYN who delivered hundreds of babies under fake medical license
(DBN)

CBO: Bipartisan ACA bill would save taxpayers $3.8 billion
(DBN)

Republicans introduce a competing ACA bill
(DBN)

The steady pace of health care deals
(DBN)

Most popular Obamacare plans cost average of 34 percent more for 2018
(DBN)

Anthem expects individual health plan membership to fall 70 percent in 2018
(DBN)

Cost-cutting could stunt the health care jobs expansion
(DBN)

Judge sides with Trump in dispute over ACA payments Judge denies emergency order to force government payment of health insurer subsidies
(DBN)

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Autos:

Wall St. Now Sees Tesla Stock as Ultra-Risky
(DBN)

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Hedge Funds:

Billionaire Paul Singer's Elliott Management, one of the world's most feared investors, is barely beating its competition
(DBN)

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Environmental:

Judge rules Peabody Energy bankruptcy blocks global-warming lawsuits
(DBN)

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Agriculture:

Elevator insolvency case nearly closed
(DBN)

Bill Includes Fix for Farmer Bankruptcy Reform Farm Bankruptcy Relief Bill Sent to Trump
(DBN)

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Hotels:

NV hotel to be sold
(DBN)

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Travel:

This is the one simple thing you should always do to get special treatment from flight attendants
(DBN)

NAACP warns African Americans against travel on American Airlines
(DBN)

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Corporate Reform:

DOJ Reviewing What To Do With Financial Fraud Task Force
(DBN)

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Pensions:

Sun Capital Redux: Private Equity Fund Seeks Declaratory Judgment on Controlled Group Liability for Portfolio Company's Pension Liabilities
(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 (17 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (10 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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Make-Whole:

A Momentive Decision: Second Circuit Splits with Third Circuit on Make Whole Premiums; Adopts Sixth Circuit’s Two-Step Approach in Selecting an Interest Rate in Chapter 11 Cramdowns
(DBN)

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Litigation:

Valuable information may be revealed by posing interrogatories before giving notice of depositions
(DBN)

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Bankruptcy Reform:

Bill includes fix for farmer bankruptcy reform
(DBN)

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Third Party Releases:

Decisions Consider Bankruptcy Court's Authority to Approve Third-Party Releases
(DBN)

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Interest:

Second Circuit Gives Momentive Secured Creditors Another Shot at Market-Based Interest Rate in Cramdown Fight
(DBN)

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Estoppel:

Eleventh Circuit Narrows Application of Judicial Estoppel
(DBN)

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Litigation:

Norton Rose Fulbright releases 2017 Litigation Trends Annual Survey
(DBN)

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Avoidance Actions:

Defending Preference Lawsuits: 5 Things You Need to Know
(DBN)

In Preference Suit, Seventh Circuit Holds That Debtor’s Assignment of Contractual Rights Does Not Negate Creditor’s New Value Defense
(DBN)

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Priorities:

Inequality and Equity in Bankruptcy Reorganization
(DBN)

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Cross-Border:

Cross-Border Corporate Insolvency in the Era of Soft(ish) Law
(DBN)

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Weather:

Americans Are Sending Too Much Stuff to Houston
(DBN)

White House wants Congress to boost disaster aid, cut spending elsewhere
(DBN)

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Entertainment:

The Weinstein Company Denies Reports That They’re Headed Toward Bankruptcy The company Harvey Weinstein built has been hit with its first new lawsuit for allegedly enabling his abuse No Colony cash injection to Weinstein firm Weinstein Co. loses financial lifeline from Colony Capital
(DBN)

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Marijuana:

For the first time, a majority of Republicans support marijuana legalization
(DBN)

To Colorado, marijuana is a business—to the federal government, it’s a criminal conspiracy
(DBN)

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Coal:

Judge Rules Peabody Energy Bankruptcy Blocks Global-Warming Lawsuits
(DBN)

Coal Producer Peabody Can Look to the Future Without Paying for the Past
(DBN)

Bailout for Nuclear, Coal Industries Makes for Strange Bedfellows
(DBN)

Australian coal driving Peabody Energy revival
(DBN)

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Debt Collection:

Stale Debt and the FDCPA: Unenforceable Does Not Necessarily Mean No Payment
(DBN)

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UK:

A Scottish court cannot wind up or make an administration order in respect of an English registered company, and the same applies to English courts and Scottish companies
(DBN)

Scottish Insolvency Statistics: July to September 2017
(DBN)

"Dishonesty" redefined as U.S. gambler loses $10 million UK lawsuit
(DBN)

Tory donor worth £200million faces bankruptcy case
(DBN)

Barclays shares slump on investment bank weakness
(DBN)

Tory minister says Brexit secretary David Davis has 'mentally checked out' on Brexit Britain will get a Brexit transition deal lasting just 20 months, EU sources say
(DBN)

Industry figures think London's 'overpriced' commercial property market is now in a downturn
(DBN)

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PIIGS:

Spain is trying to sack the government in Catalonia, but regional leaders are still pushing for independence
(DBN) Catalonia VP: No choice but to declare independence Spain stocks rally on reports Catalan leader will dissolve parliament, hold early elections
(DBN)

Greece’s bailout nightmare is ending — but the real hard part may just be starting
(DBN)

Italy's Mossi Ghisolfi draws interest for troubled U.S. assets: sources
(DBN)

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Canada:

Feds pushed to change bankruptcy laws
(DBN)

Liberals say there is 'no plan' to change law to protect pensioners Sears liquidation puts pressure on Ottawa to protect pensions
(DBN)

Customers report higher prices during Sears Canada liquidation sales
(DBN)

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India:

Essar Steel Insolvency : Real Deal Or Window Shopping?
(DBN)

No need for shareholder nod for insolvency resolution plan: Government
(DBN)

Limitation of claims under the IBC: Final opportunity for creditors?
(DBN)

The (Negligible) Role of Shareholders in Corporate Insolvency
(DBN)

Promoters well positioned to get back control of entities under insolvency: experts
(DBN)

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MENA:

The bankruptcy law: influence on real estate
(DBN)

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South Africa:

Finance minister offers only gloom and doom to consumers
(DBN)

Ratings Downgrades Loom for South Africa
(DBN)

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Venezuela:

Venezuela May Be In Default In Under 48 Hours
(DBN)

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Australia:

Australian investors gain significant win against Standard & Poor’s
(DBN)

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Mozambique:

Mozambique Debt Talks Going Nowhere a Year Since Shock Admission
(DBN)

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