October 27, 2017

The Daily Bankruptcy News

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Law:

Your Law Firm's True Profitability Revealed
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5 traits of terrible law firm leaders
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Law Firm Real Estate Trends: Nicer Buildings, Smaller Offices
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Fee Tracker: The Latest Look at Billables Throughout Big Law In-House Lawyers Say They Love Creative Fees, But Use Plateaus
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Automating Attorneys: Hope or Hype?
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Social media and a lawyer’s duty of technology competence
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Partner exits cast shadow over Clyde & Co merger talks with US firm Sedgwick
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Recognizing the Increasing Risks of Cyber Attacks
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Ransomware: What to Do When It Happens to You
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Law Firms Fail on Cybersecurity, and Corporate Clients Are Cracking Down
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London law firm says it’s the victim of ‘spoof’ ad seeking ‘pretty lawyer’ to impress clients
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Law Firms 'Doing Terribly' At Protecting Client Data
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Advice for GCs: Speak Up and Use Your Elbows
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Law Schools Say Tuition Discounts Not Sustainable: Survey Law schools support tuition discounts despite revenue drop Some Law Schools Are Struggling Thanks To Their Tuition Cuts
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Cracking the Code to Client Value Management in a Post-Disruption Industry
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A&O "knew exactly" what Weinstein was up to, say Miramax staff Mark Halperin out at NBC, MSNBC amid assault accusations Veteran journalist Mark Halperin out at MSNBC after harassment claims Post-Halperin, female media exec calls out "the screamers" Harassment revolution hits business, media, Hollywood The Weinstein ripple effect: Famous men accused of harassment and assault All the Women Who Said President Trump Sexually Assaulted Them Bannon and Breitbart Plan Conservative Revolt Against Hollywood After Harvey Weinstein Scandal Weinstein demands docs for defense in sexual harassment claims
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9 Tips To Avoid Being A Harasser At Work
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How Lawyers Deal With Difficult People
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Apple iPhone X wait times rise as demand exceeds supply Americans Will Have to Wait Five Weeks to Get an iPhone X
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Lawyer is shot and killed on his front porch; police search home of lawsuit defendant
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Can You Copyright The Law?
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Anatomy Of An Associate Marketing Competition
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Casetext Now Automatically ‘Pushes’ Legal Research To Attorneys
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This Robot Will Handle Your Divorce Free of Charge
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Las Vegas shooting victims targeted by death threats after surviving massacre: ‘I hope someone truly shoots you’
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DA in New York is accused of obstructing probe into beating of suspect by former police chief
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Baby found rotting in swing; parents charged with murder
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Alabama's Roy Moore Was Called 'Fruit Salad' and Considered a ‘Doofus’ in Law School
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Firm admits to repeated plagiarism
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‘How To Get Away With Murder’ Only Succeeds When It Separates Its Cast
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UK: Firm hit with huge increase in business rates
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Trump releases some, but not all, JFK records What do the new JFK assassination documents reveal? How to Read the JFK Assassination Files JFK files show Moscow chatter blaming LBJ for president’s assassination British newspaper got an anonymous call 25 minutes before JFK assassination CIA Spyhandlers Knew Oswald Was in Dallas Zapruder Film Bought Nothing but Heartache Highlights of the New JFK Download FBI Chief Wanted Public Convinced Oswald Was JFK Killer 7 New Findings from Latest JFK Files The Wildest JFK File Documents
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Clifford Chance partner investigated for coaching a witness
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Mixing Real Life And Fiction
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Ex-Big Law Associate Indicted for Alleged S-- With Minor
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Southwest beats ex-worker's firing suit with evidence he threatened to show up to work with a shotgun
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10 Year Old Leads Police on High Speed Chase
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How renting furniture in Texas can land you in jail
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For-profit law schools set scene in John Grisham’s new novel
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Menendez Lawyer Seeks Mistrial in Bribe Case Against Senator
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Former Dentons Associate Cuts Deal to Resolve Extortion Charge
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Louisiana Sheriff Slams Prison Reforms Because It Means Losing ‘The Ones You Can Work’
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Convicted Murderer Jodi Arias Sues Former Defense Attorney For Writing Tell-All Book
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U.S. Death Penalty Support Lowest Since 1972
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Judges:

Judge resigns after barring mother from seeing her baby for 14 months over unpaid court fees
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Citing Posner, 7th Circuit grants new trial because of Posner comments
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Sessions Rails Against 'Super Legislator' Judges
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BK NH Moving on 11/20
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Trump expected to sign bill for temporary bankruptcy judgeships
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Judge who refused to hear adoption cases involving gay couples quits
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Senate Panel Approves 8 Trump Judicial Nominees
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McConnell is setting the stage for rapid-fire confirmation of Trump's judicial nominees
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Judge rules on Eminem’s ‘Lose Yourself’, compares lyrics to key legal principles
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Wall Street:

Amazon, Microsoft, Alphabet set to power Nasdaq higher after blowout results Futures point to a higher open as investors gear up for bumper earnings, GDP data
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Stocks close higher after Twitter and Ford earnings beat the Street, Dow jumps 71 points
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Halfway through earnings season, here is the one big trend emerging
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Morgan Stanley: These 19 stocks could get cut in half — or worse
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Volatility could be back with new Fed chair and tax reform
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A legendary Wall Street strategist lays out the stock market's 'nightmare scenario'
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Lazard Ltd Reports Third-Quarter and Nine-Month 2017 Results
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Layoffs:

Walmart will soon have robots roaming the aisles in 50 stores
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Tesla hit with labor complaint on behalf of fired factory workers UAW says accuses Tesla of firing union-supporting workers
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Politics:

Trump is hardest working President since WWII, say Republicans
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G.O.P. Becomes Party of Trump, and Critics Give In or Give Up What rift? Republicans in Congress try to push forward on priorities despite acrimony
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A former Republican senator said Trump has a 'personality disorder' Flake Expects More in GOP to Denounce Trump Why Jeff Flake Is Going to Need a Good Dog Polling Spotlight: The deep split in the GOP
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Trump's new foe: Tom Steyer
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Mark Cuban’s Not Done Trolling Donald Trump
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Trump on VA race: Vote GOP to "save our great statues/heritage"
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Report: Russian spies tried to get close to then-Secretary Clinton Hillary Clinton Accused of Treason by Sebastian Gorka Donald Trump Jr. Suggests The DOJ Is Vindictively Going After Hillary Clinton FactCheck: Hillary and Uranium One
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Ryan: FBI will comply with House request on dossier
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AL: Senate candidate reportedly took undisclosed salary from his charity
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Tea Party groups to get "substantial" payout over IRS scandal, lawyer says
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Deep Fissures on the Right and Left
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Trump Admin Claims Ben Carson’s Publicly-Funded Flight Info Is Not of Public Interest
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Celebs:

‘Real Housewives of New Jersey’: Are Teresa and Joe Giudice Getting a Divorce?
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Telecoms:

Uniti: Priced for Bankruptcy
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Economy:

House GOP members tell Trump not to pick Yellen as Fed chair The Fed chair contest is Trump's version of 'The Bachelor' Trump apparently is having a hard time picking a Fed chair Former Dallas Fed CEO: Why would Yellen want to stay? Height matters: The connection between tall Fed chiefs and interest rates Congrats, You Vultures, Trump Might Select A Wall Street Lawyer To Run The Fed
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Goldman: "On Course for a December Hike"
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Financial fears? This is No. 1 for most Americans
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US economy likely slowed by hurricanes in the third quarter
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Kansas City Fed: Regional Manufacturing Activity "Posts Strong Growth" in October
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Weekly Initial Unemployment Claims increase to 233,000
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White House eyes 7-cent gas tax hike for infrastructure plan Gary Cohn Is Correct: It Is Long Past Time To Raise The Federal Gas Tax Gasoline Tax Hasn't Been Hiked Since 1993: Why That May Change GOP chairman: No appetite for gas tax hike now in House
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GOP tax plan includes limit on biz interest deductibility House passes $4T budget in step forward for Trump tax plan Washington’s Biggest Mystery: What’s in the Republican Tax Plan? Tax Plan Has Lobbyists Swarming, Lawmakers Asking What’s in It? Congressman: The budget bill is a ‘stunt’ and a ‘gimmick.’ Here's why I voted for it anyway Sen. Bob Corker: Some of the 'ridiculous' things in tax reform are just 'buying off' lawmakers to pass it The Countdown to a Tax Plan Is Officially On: 6 Things You Need to Know Larry Summers: Here's what I would put in a tax-reform plan BofA CEO Moynihan predicts 'immediate impact' if tax reform is passed Paul Ryan is confident he can sweeten tax reform to win over GOP holdouts Manchin: This isn't Trump's tax plan Nobel Laureate Richard Thaler backs lower 401(k) contribution limits Major divisions remain as GOP nears its tax deadline Ryan: The Ride to Tax Reform Is About to Get Choppy As Trump tax comes to floor, failure could spell stocks selloff Who Does Benefit From the Tax Cut Anyway? Tax Reform or Tax Con?
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$1 Trillion Deficits Are Coming Even Sooner Than Expected
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Trump has no interest in NAFTA concessions, says top official Trump's demands are threatening NAFTA's survival Top Trump official says US isn't offering 'anything' to Canada in exchange for NAFTA demands NAFTA Uncertainty Already Hurting Growth, Bank of Canada Says A Farmer's View of NAFTA We asked 6 experts if Congress could stop Trump from eliminating NAFTA Here's The US's Biggest Vulnerability In NAFTA Negotiations Wilbur Ross is making a sweeping claim about US-Mexico trade but the facts don't back it up Trump: Only Fair Deal is to Kill NAFTA
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Trump’s Budget Opposed by 20 Republicans Who Fear Citizens Will Be Ripped Off
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Billionaires expected to pass $2.4 trillion to their kids, charity
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There are now more billionaires in Asia than the US, but Americans own more billions
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These 7 jobs have the fastest-growing salaries
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Health Care Will Drive Jobs Growth in the Coming Decade
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The Value of a US Passport is Plummeting
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All of the World’s Money and Markets in One Visualization
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US Debt Clock
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World Debt Clock
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Real Estate:

Pending home sales drop to lowest in nearly 3 years NAR: Pending Home Sales Index unchanged in September, Down 3.5% Year-over-year
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Luxury homes can't keep up with demand
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Home prices will fall 10% if state and local deduction taken away, Democrats say
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Chicago: Convicted landlord loses five properties in bankruptcy sale
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How Mobile Homes Hinder the American Dream
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Barclays and U.S. Renew Talks Over Toxic Mortgages Lawsuit
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Municipalities:

NY Rep: Gov't commitment needed for Puerto Rico
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Puerto Rico Faces Possible Court Battle Over Agency Control
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Puerto Rico, by the numbers
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Power companies helping Puerto Rico get praise and criticism
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Why It's So Hard To Turn The Lights Back On In Puerto Rico
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The people of Puerto Rico deserve better
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FEMA Had a Plan for Responding to a Hurricane in Puerto Rico — But It Doesn’t Want You to See It
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How U.S. Tax Policies are Responsible for Puerto Rico’s Financial Crisis
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I'm a librarian in Puerto Rico, and this is my Hurricane Maria survival story
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Whitefish's No-Bid Puerto Rico Contract Spotlights Troubled FEMA Grants Puerto Rico's Gov. Rosselló orders audit of Whitefish contract to fix power grid
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Puerto Rico's power outages are the largest in US history, report says
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What everyone got wrong about the Jones Act, hurricane relief, and Puerto Rico
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Four Lessons from Toys R Us and Puerto Rico's Defaults
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Sonoma Valley Unified School District 'at risk of insolvency'
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Connecticut lawmakers pass $41.3 bln budget nearly four months late Connecticut Lawmakers Approve Budget That Rescues Hartford Hartford’s broke, so let’s hand out a raise Connecticut lawmakers pass veto-proof budget to rescue Hartford
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Hartford Mayor Luke Bronin Says State Aid Helps, Backs Away From Bankruptcy
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Hundreds of Localities Fortify Their Amazon HQ2 Bids with Hefty Financial Incentives
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Oil/Gas:

Oil and gas megadeals taper off as US shale drillers target smaller land deals
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Big Oil Is Heading to Rio With $50 Crude No Longer a Nightmare
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Iraq Overtakes Saudis for Oil Sales to US
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Weather:

Immigration crackdown keeps wildfire victims from seeking help
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California begins 'historic cleanup' from fires but faces serious hurdles in rebuilding
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Pharma:

Amazon gains wholesale pharmacy licenses in multiple states Drugstore stocks tumble on report Amazon getting pharmacy licenses in multiple states
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America's opioid death rate has soared since 1999 Big Pharma Execs Bribed Doctors to Prescribe More Opioids Amid National Crisis, Feds Say Pharmacy stocks tumble on opioid emergency Opioid Crisis: What Does It Mean to Declare a National Public Health Emergency? Opiates don't discriminate, says former Wall Street trader and recovering addict Trump threatens ‘bad actors’ as he declares opioid emergency
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Lawsuits Won’t Fix Opioid Epidemic, Top Drug Distributor Pharma Exec Bribed Doctors to Prescribe Potent Opioids to Patients Who Didn’t Need Them, Feds Say
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Insys Founder Charged With Racketeering In Opioid Scheme
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Awards:

Steve Cousins honored for excellence in legal practice and civic service
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Entertainment:

Weinstein Company Reportedly Has Cash Infusion Cut After Misconduct Allegations
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Radio:

IHeartMedia, creditors still a ways apart in debt talks
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iHeartMedia woos creditors with 50-50 deal
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Student Debt:

Can employers help solve the student debt problem?
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Retailing:

Nordstrom Doubles Down on Discount Format as Retail Woes Deepen
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Amazon shares soar after massive earnings beat
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Sears Brings Back Its Print Catalog Sears Holdings Continues To Linger On
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Private Equity’s Trail of Bankrupt Retailers
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Sycamore Is Said to Weigh Deal for Troubled Bon-Ton's Assets
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Amazon is getting almost no revenue from its bookstores
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Amazon Now Has 500,000 Employees
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Americans in Best Holiday Shopping Mood in Years
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Construction:

Bankruptcy Court Holds That “Economic Waste” Doctrine, as Adopted in Wisconsin, Prevented Owner From Recovering Costs to Repair Defectively Designed Digester and Awards No Damages, Even Though the Digester Was Not Designed to the Applicable Code
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New Bankruptcy Opinions
(3 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 (17 new filings today)
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Recent Ch. 11 Adversary Proceeding Filings (62 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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Safe Harbors:

Merit v. FTI and the Missing Silver Bullet Argument?
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Travel:

American Airlines passengers filed 29 racial discrimination complaints in last 20 months American Airlines CEO Says Company Can Treat Minority Travelers Better After NAACP Issues Travel Advisory
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Bankruptcy Reform:

President Donald J. Trump Signs H.R. 2266 and S. 585 into Law

Tax Relief for Farmer Bankruptcies Clears Congress
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Appeals:

Lex Machina's First Annual Report on Bankruptcy Litigation in District Court Provides Insights and Data about the Complex World of Bankruptcy Appeals
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Toys:

Toymaker Mattel suspends quarterly dividend Mattel Sales Plummet As Toys R Us Bankruptcy Takes Its Toll Mattel shares tumble as Toys R Us bankruptcy eats into sales American Girl dolls are dying, and taking Mattel with them Mattel's Got Fresh Eyes and a Big Mess
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Hasbro - We Can Keep It Very Simple
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Aviation:

Airlines lost a lot of money during the brutal hurricane season
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Healthcare:

New competitor poses big risk for Troubled Community Health Systems
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GOP Budget Cuts Health Care by $1.8 Trillion
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Health care fix today could be undone tomorrow
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Trump: “Really great advertising" will keep kids off drugs 'He Really Helped Me.' President Trump Says His Brother Kept Him Away From Drugs What Trump’s opioids plan will — and won’t — accomplish Nearly half of Americans have a family member or close friend who’s been addicted to drugs Jeff Sessions says people should just 'say no' to opioids
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Obamacare insurers were set to break even or make a profit before Trump killed payments: Analysis
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Soaring Premiums Mean Soaring Risks for Obamacare
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What it’s like to look for health insurance now that Trump has tried to undermine Obamacare
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Electricity:

Texas Regulators Are Wary of Sempra's Deal to Buy Oncor Texas regulators ask hard questions in Sempra's $9.45 billion deal for Oncor
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Gambling:

Caesars Executives Divulge Big Plans Post- Bankruptcy
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Coal:

Peabody's Late Recovery
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Radical Proposal Would Prop Up Coal Power Industry
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Peabody, Recently Out Of Bankruptcy, Announces $200 Million Q3 Profits
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Corporate Reform:

GOP Votes to Protect Banks, but We Win?
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Marijuana:

Poll: 64 Percent Of Americans Now Want Marijuana Legalized
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Autos:

Tesla slammed by Einhorn’s Greenlight Capital
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Wall Street loves electric cars, America loves trucks
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UK:

Q3 2017 insolvency statistics – R3 comments
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UK insolvency levels will continue to rise through 2018 - Euler Hermes
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Mortgage rate increase will mean repayment shock for millions
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Reporting the misconduct of companies, directors and bankrupts
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Monarch administrators seek ruling on rights to landing slots
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PIIGS:

Catalan crisis reaches crucial period as Madrid looks to impose direct rule
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Comprehensive Reform of Italy’s Bankruptcy Laws
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Catalonia's parliament to vote on independence Europe Must Step In and Resolve the Moves Toward Catalonia Secession
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Canada:

Lawyer wants better protection for consumers when companies go bankrupt
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Sears Bankruptcy Puts Pressure On Trudeau Government To Protect Employees' Pensions Sears Canada pensioners demand shortfall be paid off first
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Retailers' holiday sales seen marred by Sears Canada liquidation
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Venezuela:

Venezuelan Debt: Call a Spade a Spade
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Venezuela oil giant's 'radio silence' before a $1 billion debt payment is freaking out the market
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Venezuela Blames Trump as It nears Possible Bankruptcy
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Venezuela Bondholders Confront Day of Reckoning With Payment Due
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MENA:

Iraq on way to bankruptcy, say experts
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India:

Five Crucial Cases That Help Decode The Insolvency And Bankruptcy Code
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Insolvency Code not in conflict with Companies Act, says Centre, quashes confusion
(DBN)

Insolvency resolution cannot breach FDI rules, says Centre
(DBN)

Woman files petition, saves debt-ridden husband from selling kidney
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Brazil:

Brazil intervention in Oi group no longer imminent
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Russia:

Russia's Incredibly Shrinking Banking Sector
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Germany:

Germany's bankrupt Air Berlin operates its last flights
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Air Berlin says aims for deal with easyJet or Condor on Friday
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Near Death, Air Berlin Does the Unexpected: Sell Seats at a Profit
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