February 14, 2018

The Daily Bankruptcy News

View prior editions: Click Here
View prior case summaries: Click Here
Search prior headlines: Click Here
Search prior case summaries: Click Here

Format For Mobile Device



Law:

Law School Grads To Pay ‘Significantly More’ On Their Loans Under Trump’s Budget Proposal
(DBN)

Bonus Season Isn’t Over… It’s Just Getting Harder To Decipher Without Your Help
(DBN)

How To Manage Anxiety Before A Hearing
(DBN)

California Firms Lead in Revenue, Demand Growth in 2017, Citi Says
(DBN)

Profits Soar at Cadwalader as Revenue and Head Count Decline
(DBN)

‘Significant noncompliance’ could be added reason for public notice of law school problems
(DBN)

ABA Set to Loosen Restrictions on Online Law Classes
(DBN)

Law Review Rankings As Proxies For Quality
(DBN)

From Olympic Gold Medalist To 3L
(DBN)

Tiffany Trump Acting Like Normal Law Student, Doing Normal Law Student Things
(DBN)

How to Ride Legal Ops Expertise Into a General Counsel Role
(DBN)

Law Firms & Technology – 6 Vital Questions to Ask Your Artificial Intelligence and Data Analytics Vendors
(DBN)

Can AI Avoid The ‘Trough Of Disillusionment’ In Legal Tech?
(DBN)

White & Case Launches Houston Office
(DBN)

Lowenstein's Gross Revenue Up 5.5 Percent; PPP Jumps 12.9 Percent
(DBN)

Trump lawyer pitches White House tell-all book to publishers
(DBN)

Longtime Trump attorney says he made $130,000 payment to Stormy Daniels with his own money
(DBN)

‘He should have been fired’: Ex-Trump adviser Jason Miller says White House botched handling of accused abuser FBI finished Rob Porter's background check last year, director says. That contradicts the White House account 3 Ways the FBI Just Called Out the White House for Apparent Lies on Porter Investigation The White House’s story on Rob Porter is falling apart Bill and Melinda Gates' annual letter blasts Trump's respect for women Rob Porter’s Ex-Wife Has a Few Words for Kellyanne Conway The Weinstein Company lawsuit sends a message: #MeToo is about more than a few bad men Shaun White's Harassment Case Give victims of workplace harassment access to courts, 56 US attorneys general tell Congress 56 Attorneys General Want To End Forced Arbitration For Harassment In Exile, Bannon Sounds the #MeToo Alarm
(DBN)

Is Devin Nunes helping Trump obstruct justice? Legal experts make the argument Republicans set their sights on a familiar target as they investigate the FBI and Obama administration Susan Rice lawyer: Steele dossier not discussed in 2017 meeting
(DBN)

Preliminary Injunction Granted To Stop DACA Deportations Second Court Blocks Trump Move to End DACA
(DBN)

ICE detainees may proceed as a class in forced labor lawsuit, 10th Circuit says
(DBN)

Pennsylvania pastor insists he was ‘counseling’ n--- man bound with rope in parked car
(DBN)

NJ Personal Injury Firm Sued Over Attorney's Trip-And-Fall
(DBN)

Au Pair Class Action Could Upend Decades-Old Program
(DBN)

No Quick End to Steve Wynn’s Legal Fight With Ex-Wife Over Stock
(DBN)

They shared their lives on YouTube. Then an obsessed fan came calling — with a gun.
(DBN)

More than 150 deputy public defenders protest appointment of chief they believe is unqualified
(DBN)

Lawsuit Reveals Unacceptable Behavior That Constitutes Real Improvement For This Hedge Fund
(DBN)

As federal prisons run low on guards, nurses and cooks are filling in
(DBN)

______________

Judges:

BK ED WI: Notice of Bankruptcy Judge Vacancy
(DBN)

BK MD LA Judge Temporarily Assigned To BK ND TX While Judge Houser Mediates Puerto Rico Issues
(DBN)

Trump Taps 9 In Latest Round Of Judicial Nominations
(DBN)

Ginsburg Says 'Me Too' Is Sign Of Gender Equality Progress
(DBN)

Ruth Bader Ginsburg Seized the #MeToo Moment. Here's What She Is Saying
(DBN)

Loquacious RBG doesn’t ‘genuinely like’ some of her colleagues
(DBN)

Remembering 'The Boss': Scalia's Legacy, 2 Years On Antonin Scalia’s disruption of the Supreme Court’s ways is here to stay
(DBN)

Judiciary leaders want action on preventing misconduct in courts
(DBN)

Trump nominates 9 to federal court vacancies
(DBN)

H----- Sting Nabs Judge, Pastor and Actor
(DBN)

______________

Wall Street:

US stocks set to rally at the open as traders wait for the all-important inflation data Dow on pace for 4th win in a row, as market braces for inflation data
(DBN)

Stocks tumble after a two-day bounce as wild market swings continue Dow opens 160 points lower, as stock market threatens to halt 2-day climb
(DBN)

Wall Street regulator probes alleged manipulation of VIX Traders manipulating key volatility index contributed to the market plunge last week, whistleblower says in interview
(DBN)

Stock market's rout is not impacting the US economic outlook: Cleveland Fed's Mester
(DBN)

When stocks swing from intraday highs to lows, it’s a trader’s paradise, says Wall Street legend
(DBN)

Morgan Stanley's US equity chief explains why the recent meltdown signaled the 'final stage' of the bull market
(DBN)

Ray Dalio: The Bull Market Is On Its Last Legs
(DBN)

Market on its toes for an inflation report that could change everything
(DBN)

______________

Layoffs:

Barnes & Noble confirms job cuts, expects $40 million in annual cost savings
(DBN)

Walmart will trim its store management ranks Walmart to cut some store management positions
(DBN)

JC Penney to close Wisconsin facility, eliminating 670 jobs
(DBN)

Vallourec Drilling Products cuts roughly 150 jobs
(DBN)

San Antonio’s Rackspace lays off 100 workers
(DBN)

Gilt to close distribution center in Shepherdsville, laying off 250
(DBN)

______________

Autos:

A Win for Weil as Takata Reaches Bankruptcy Deal
(DBN)

Automakers to provide up to $130 mln for Takata's U.S. settlement
(DBN)

Flush with new cash, the struggling electric-car company Faraday Future hopes for a fresh start
(DBN)

South Korea union says GM plant closure move is 'death sentence', threatens strike GM Korea offers workers three times annual wage, tuition fees for redundancy
(DBN)

______________

Politics:

Trump's Biggest Potential Conflict Of Interest Is Hiding In Plain Sight - President Pitched Real Estate Project To Foreign PM During State Visit
(DBN)

Tracking Trump: The President's Approval State by State, Month by Month
(DBN)

Approval of Congress Falls After Two Shutdowns
(DBN)

Trump's personal lawyer said he paid p--- star Stormy Daniels out of his own pocket Stormy Daniels Payment May Be Illegal, Even If It Came From Trump’s Lawyer
(DBN)

FBI contradicts White House on Porter abuse probe, says agency finished background check last summer White House reels as FBI director rebuts Porter timeline The FBI director just threw a huge wrench into the White House's story about Rob Porter Trump Sees Himself in Every Man Accused Porter was up for promotion despite abuse allegations Accusations Against Aide Renew Attention on White House Security Clearances Trump’s White House has a major security clearance problem How the White House Gamed the Security-Clearance System A court might hand Mueller a new asset in his quest to get Trump to testify
(DBN)

Kelly increasingly isolated as Porter scandal rages on
(DBN)

GOP senator calls Trump's immigration plan the 'best and final offer' as debate starts The Senate might not reach an immigration deal — and people are worried about what comes next Trump threatens veto on immigration deal
(DBN)

Sen. Bob Corker reportedly reconsiders his retirement as race to replace him tightens
(DBN)

The parents of a Republican just maxed out their donations to his Dem rival
(DBN)

Minnesota Democrats prevail in a critical special election, holding on to a Trump country seat Once-sleepy state races heat up as Democrats score a series of surprising wins
(DBN)

The chaos in the Trump administration, summed up in one number
(DBN)

Suddenly GOP Doesn't Hate the IRS Anymore
(DBN)

Trump’s reverse merger with the GOP is complete
(DBN)

______________

Non-Profits:

Judge grants outright dismissal of West Virginia High Technology Consortium Foundation bankruptcy
(DBN)

Strong economy brings hard times to Salvation Army
(DBN)

______________

Aviation:

Trump Wants to Privatize Our Airports
(DBN)

______________

Maritime:

HMM notches up billion-dollar loss, but carrier still plans to order more megaships
(DBN)

______________

Debt Collection:

3rd Circuit revives lawsuit over collection of time-barred debt
(DBN)

_____________


Economy:

Powell says Fed will be vigilant for financial stability risks
(DBN)

White House reportedly considering Mester for Fed vice chair
(DBN)

Where U.S. income inequality is the most severe
(DBN)

Charts Show Apocalyptic State of the US Federal Deficit Trump Clearly Has No Problem with Debt and Deficits
(DBN)

Total US household debt soars to record above $13 trillion Americans' Debt Hits a Record $13.1 Trillion NY Fed Q4 Report: "Household Debt Increased, Fifth Consecutive Year Of Positive Annual Growth"
(DBN)

Demographics and GDP: 2% is the new 4%
(DBN)

Goldman: "The 2018 Inflation Rebound"
(DBN)

Why Americans have plummeted into record levels of misery Record 21 States See Decline in Well-Being in 2017
(DBN)

Most important inflation report in a decade could be a dud
(DBN)

US security chief calls national debt 'a dire threat' DNI's Coats Warns Trump on Debt
(DBN)

‘Risks of a recession’ are in the air, says head of world’s largest hedge fund Fund managers’ recession fears hit post-crisis high
(DBN)

Why the junk bond chart points to a looming economic slowdown
(DBN)

Steve Bannon: 'Yellen's my girl' and should have been reappointed
(DBN)

The era of fiscal conservatism is 'absolutely dead'
(DBN)

House budget chairman: Short-term deficit increases won't matter in a souped-up Trump economy
(DBN)

Trump Once Promised Not to Cut Medicare
(DBN)

The gigantic cuts in Donald Trump’s latest budget proposal, explained Trump’s budget proposal hurts the Rust Belt factory towns that voted for him Trump’s budget plan would once again eliminate funding for the Legal Services Corp. GOP Priorities and Trump's Budget How Trump's Budget Cuts the Social Safety Net A Cold, Drafty Valentine for Low Income and Working Families in President Trump’s Proposed Budget
(DBN)

The Recent History of Food Stamps
(DBN)

Trump's Huge Infrastructure Plan Is a Flop Trump's infrastructure plan is crumbling away America's Infrastructure is Not Crumbling Trump’s infrastructure plan: The good, the bad, and the biblical
(DBN)

Tax reform puts pressure on companies to share the wealth US Tax Cuts Worsen Divide Between Rich And Poor, Prof Says Here's what economic theory says about the tax cuts Credit Suisse reports third straight annual loss after US tax writedowns Blankfein: Tax cuts plus more spending while economy grows is like throwing 'lighter fluid on a fire'
(DBN)

Bill and Melinda Gates: 'No, it's not fair that we have so much'
(DBN)

Threat to NAFTA galvanizes lawmakers Canada: NAFTA Talks Have Limited Progress
(DBN)

Trump says considering tariffs, quotas on US steel, aluminum imports
(DBN)

Small Business Optimism Index Since 1986 Small Business Optimism Index Increased in January, "Difficulty of finding qualified workers" is Top Problem
(DBN)

An offhand comment from Trump has sparked serious fears of a trade war
(DBN)

US economy is an 'accident waiting to happen,' says Yale economist Stephen Roach
(DBN)

The 10 cities with the largest skills gaps
(DBN)

3 Trump properties posted 144 openings for seasonal jobs. Only one went to a US worker.
(DBN)

Universal Income: The amazing true socialist miracle of the Alaska Permanent Fund
(DBN)

Trump administration to tackle 'gig economy' this spring
(DBN)

Trump held a freewheeling White House meeting on trade — and it sounds like some of economists' worst fears could come true
(DBN)

Mastercard Says Men Earn More Than Women for Equal Performance
(DBN)

The states damaged by the financial crisis still stand out a decade later
(DBN)

Immigrants Haven't Hurt Pay for Americans
(DBN)

Behind the collapse of public trust in America
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Nearly two-thirds of U.S. housing markets see home prices hit all-time high
(DBN)

Early-Stage Mortgage Delinquencies Dropped in Q4 2017
(DBN)

Shopping for a home? It will take a lot longer than you think
(DBN)

Fannie Mae selling more than $1 billion in non-performing loans
(DBN)

Here’s the most expensive U.S. city to buy a house — and it’s not even close
(DBN)

Real Estate Bubbles: The 8 Global Cities at Risk
(DBN)

____________

Municipalities:

Revised Puerto Rico fiscal plan taps federal budget money
(DBN)

Recovering Administrative Claims in Chapter 9 Bankruptcy and Title III of PROMESA
(DBN)

California Cities' Pension Bills May Rise With Calpers Move
(DBN)

South Tucson faces losing two-thirds of its firefighters amid budget crisis
(DBN)

______________

Oil/Gas:

Oil Near 7-Week Low on Signs U.S. Stockpiles Rose a Third Week
(DBN)

Trump backs off proposal to cut royalty payments to Texas, other states for Gulf oil
(DBN)

US drillers are spoiling OPEC's oil market strategy for the second time in three years OPEC Ups 2018 Forecast for Oil Supply Growth Oil glut nearly gone, but shale rebound looms, says IEA Oil Holds Steady, But Rebound Seems Unlikely
(DBN)

Inside the Bribery Scandal Sweeping Through the Oil Industry
(DBN)

Pacific Drilling: Quantum Pacific Vs. Creditors
(DBN)

Uresti declines to testify on his behalf as lawyers wrap up his defense in criminal trial
(DBN)

Bankrupt Breitburn Rebuffs Lime Rock Resources' $1.8 Billion Bid
(DBN)

______________

Medical Supplies:

Hospital supplier shares dive as Amazon reportedly ramps up medical supply business
(DBN)

______________

Food/Beverage:

US craft beer slowdown sends hops market from boom to bust
(DBN)

The Perishable Agricultural Commodities Act
(DBN)

______________

Weather:

Sea Level Rise Accelerating Worldwide
(DBN)

______________

Guitars:

Gibson ‘running out of time — rapidly’ --- Company faces big debt deadlines
(DBN)

______________

Guns:

BofA Supports Remington Restructuring
(DBN)

Remington bankruptcy could put rifle settlement at risk, attorneys say
(DBN)

Remington Bankruptcy: A mix of concern, optimism for future
(DBN)

______________

Taxis:

Uber's loss jumped 61 percent to $4.5 billion in 2017
(DBN)

______________

Currency:

Cryptocurrency mining in Iceland is using so much energy, the electricity may run out
(DBN)

______________

Electricity:

Georgia Nonprofits Petition to Reverse Nuke Plant Expansion Decision
(DBN)

______________

Aviation:

Can new airlines make it in America?
(DBN)

______________

Newspapers:

Digital First Media top bidder in auction for Boston Herald Boston Herald fetches top bid of $11.9 million from Digital First in bankruptcy auction
(DBN)

______________

Travel:

When the Engine on Your Flight Disintegrates Airline Passengers 'Brace For Impact' Over Engine Issue
(DBN)

______________

Celebs:

Hawaiian Princess Worth $215 Million Somehow Cannot Pay The Electric Bill For Her Palace
(DBN)

______________

 


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 (9 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (8 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)

______________

Discharge:

Lender's Passive Response to Debtor's Inquiry Not an Attempt to Collect a Debt, Nor a Post-Discharge Violation of the Bankruptcy Discharge Injunction
(DBN)

______________

ADR:

ADR Act of 1998: Progress in Bankruptcy Courts
(DBN)

______________

Ch. 13:

BK ND OH (Canton) Seeks Ch. 13 Trustee
(DBN)

______________

Avoidance Actions:

Optimal Deterrence and the Preference Gap
(DBN)

______________

Plan Confirmation:

9th Circuit Affirms “Per Plan” Approach to Interpret “Impaired Accepting Class”
(DBN)

Ninth Circuit Holds That Joint Plan Covering Multiple Debtors Must Be Approved by Only One Impaired Class Per Plan, Not One Impaired Class Per Debtor
(DBN)

______________

Preclusion:

10th Cir. Holds Borrower’s FDCPA, Other Claims Not Barred by Rooker-Feldman After Non-Judicial Foreclosure
(DBN)

______________

Healthcare:

Berkshire-Amazon-JP Morgan venture will be a disappointment if it's focused on health-care costs 'Bezos believes he can lower the price of health care'
(DBN)

Why Rural Brits Outlive Rural Americans
(DBN)

______________

Pharma:

US drug companies accused of being 'cheerleaders' for opioids
(DBN)

______________

Banking:

Wells Fargo CEO Sloan says bank stable after Fed-imposed restrictions
(DBN)

______________

Marijuana:

Jeff Sessions says marijuana is illegal “everywhere” in America
(DBN)

______________

Retailing:

Barnes & Noble's troubles aren't just Amazon
(DBN)

Could mall operators help rescue Bon-Ton department stores?
(DBN)

This business could be a hidden gem for Sears
(DBN)

Fending Off The 'Retail Apocalypse' Through Digital Transformation
(DBN)

Mall Dividends Soar Above 15%, Tempting Big Investors
(DBN)

______________

Student Debt:

The Student-Loan Problem That Won’t Go Away
(DBN)

Student-Loan Default Rates Rise Above Graduation Rates at 514 Schools
(DBN)

______________

Biofuels:

Fight Over Ethanol Escalates as Bankruptcy Refuels Debate
(DBN)

______________

Coal:

One year after bankruptcy, Arch Coal posts profits Arch Coal Earnings: Making It By Not Counting On Coal
(DBN)

Federal Grants Meant for Clean Coal Misspent on Liquor, Spas
(DBN)

______________

Corporate Reform:

CFPB on New Path to Destroy Its Powers
(DBN)

Financial Education Isn't Consumer Protection
(DBN)

______________

Religion:

Judge: Lawsuit claiming Montana priest abuse can proceed
(DBN)

______________

Fraud:

January 2018 Ponzi Scheme Roundup
(DBN)

Insider trading is still rampant on Wall Street, two news studies suggest
(DBN)

______________

UK:

450 jobs at risk as Jamie's Italian reveals £71.5m of debts with staff owed £2.2m
(DBN)

Big Four “feasting” on Carillion “carcass”
(DBN)

IQE has replaced its auditors a week after being accused of accounting manipulation
(DBN)

The UK economy grew slower than Europe for the first time since 2010
(DBN)

High inflation remains ‘a challenge’ for many households already struggling
(DBN)

______________

EU:

Five Charts That Explain How European Banks Are Dealing With Their Bad-Loan Problem
(DBN)

The Rise and Fall of Fear of Abuse in Consumer Bankruptcy : Most Recent Comparative Evidence from Europe and Beyond
(DBN)

______________

Canada

Supreme Court case on oil wells pits provincial environmental rules against federal insolvency laws
(DBN)

Hamilton Specialty Bar gets 'a little more time' to find a buyer
(DBN)

Divorce Among Main Causes of Insolvency in NL: Snedden
(DBN)

Province going bankrupt is the least of the problems
(DBN)

______________

MENA:

Dana Gas Creditors Reject New Proposal To Restructure $700MM Sukuk
(DBN)

Israeli police recommend indicting Benjamin Netanyahu for bribery The Unsinkable Benjamin Netanyahu?
(DBN)

Iran believes the US spied on it with special lizards
(DBN)

Saudi private sector warns of bankruptcy due to increased taxes
(DBN)

______________

Turkey:

Istanbul mall bankrupt with $420 million debts – report
(DBN)

______________

Cuba:

Cuba creditors offer "very significant relief" in debt proposal
(DBN)

______________

Venezuela:

Venezuela: Parents Abandoning Their Kids
(DBN)

______________

Lebanon:

IMF Sounds Alarm for Lebanon Over Its Unsustainable Debt Path
(DBN)

______________

India:

Bank bad loan burden to mount
(DBN)

RBI new bad loan rules may improve prospects of loan recovery
(DBN)

Bankruptcy only tool to resolve default: New RBI norms aimed at banks' 'dead ducks'
(DBN)

No More Lies: An Ultimatum for India's Banks
(DBN)

Bad loans worth over 2 Lakh Crore headed to bankruptcy court
(DBN)

India’s $1.8 bln scam turns up heat on bank reform
(DBN)

______________

Russia:

Moscow court declares Kogalymavia airline bankrupt
(DBN)

______________

China:

Debt-Laden HNA's Credit Assessment Cut by S&P
(DBN)

FBI: All of Chinese Society is a Threat to US
(DBN)

______________


The Daily Bankruptcy News is primarily a curated news link gathering service.   Most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subscription fee is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use. If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid service subscription. These links are currently marked with a "DBN" notation. The cost of a subscription is $64/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links.

New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase.

Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested. There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear. You do not need to type anything in the body of the email message. Note that the email asking for removal must be sent from the same email address which is on our distribution list. If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

If receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list.

Press Releases/News Tips
Please send press releases and news tips to admin@bkinformation.com

Contact Us
The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C. You can phone or text us at 281-402-3957. You can email us at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries). Our mailing address is 935 Eldridge Road, No. 350, Sugar Land, Texas 77478.

Copyright 2017