February 9, 2018

The Daily Bankruptcy News

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Law:

Latham Takes Sidley Bankruptcy Partner in Los Angeles
(DBN)

A Third of CLOs Fired Outside Counsel in 2017, and That Number's Set to Rise
(DBN)

Linklaters' Top Ranks See Gender Pay Gap
(DBN)

A Day In The Life Of A High-Powered Biglaw Mom At An Elite Firm
(DBN)

White House aide who resigned amid abuse allegations was a former BigLaw lawyer and ‘rising star’
(DBN)

Former GE In-House Lawyer Gets 60-Day Suspension in Ethics Case
(DBN)

Law Firms Finished 2017 Better Than 2016 And Everything’s Still Malaise
(DBN)

Former in-house lawyer is suspended for disclosures to reporter and regulators
(DBN)

Twilight Of The Law Firms: The Big 4 Are Poised To Conquer The Legal Landscape
(DBN)

5 Things Not To Do If You Want To Run Your Own Firm And Not Get Sued By Your Own Employees
(DBN)

Partner Orders All Attorneys To Sleep At Firm Due To Treacherous Road Conditions :)
(DBN)

Thompson & Knight Saw Net Income Improve, Gross Revenue Slip in 2017
(DBN)

Another Elite Law School Eyes GRE For Admissions
(DBN)

Mom Owned Law Firm Interview with Alisa D. Wilkes
(DBN)

Should I Drop Out Of Law School?
(DBN)

Trump picks California lawyer to head IRS
(DBN)

Lawyers from less privileged backgrounds tell their stories at #mypathtolaw
(DBN)

Lawyer who filed brief bound with twine is suspended partly for the arguments he tried to make
(DBN)

Ex-British spy Christopher Steele 'interviewed by Russia election investigators for two days' • ‘Pretty clear evidence’ that Russia meddled in U.S. election, George W. Bush says • FBI surveillance of Carter Page might have picked up Bannon • FBI texts reveal admiring view of then-director James Comey • Trump says new FBI texts are a 'bombshell.' They’re not • Devin Nunes — a longtime advocate for the nation's intelligence agencies and their eavesdropping authority — has started talking like a lawyer for the American Civil Liberties Union • Trump Jr. Escalates Twitter War Against Probe and Father’s Foes • House Intel Committee Wants to Cut Off Dems • FBI agent's controversial text has Republicans convinced Obama meddled in FBI investigations into Clinton and Trump • The Real Bias at the FBI
(DBN)

Flake floats a temporary DACA deal • Paul Ryan only wants to bring a Trump-approved DACA bill to the floor • George W. Bush : We ought to say thank you to immigrants and welcome them • Mattis says 'Dreamers' serving in the military will not face deportation • Trump administration considering targeting immigrants receiving public benefits • ICE arrests went up in 2017, with biggest increases in Florida, northern Texas, Oklahoma
(DBN)

Dentons partner quits after s-- act probe finds bad behavior • Ex-wife who accused Rob Porter of abuse says she lived in 'constant terror,' and says he asked her to downplay her story • Baio Costar Backs Nicole Eggert's Story • Rose McGowen's Ex-Manager Commits Suicide • Ex-CATO Workers Claim Years of Harassment • #MeToo movement lawmaker investigated for misconduct allegations
(DBN)

Using A Turkey Baster To Have A Kid? That’s Not What It’s For! Also, It’s A Terrible Idea Legally Speaking
(DBN)

The Right Outcome Of This ‘Krusty Krab’ Lawsuit Will Be Very Obvious To Lawyers Who Are Parents
(DBN)

What On Earth Were These Lawyers Thinking?
(DBN)

How Do Face-Recognition Sunglasses Work?
(DBN)

New York judge rules it’s unconstitutional to set bail without regard to ability to pay
(DBN)

Man Beats Roommate Over Stale Cap'n Crunch
(DBN)

The Trump administration is abandoning McDonald’s workers — and everyone else
(DBN)

Juror Helps Delay Execution of Death Row Prisoner
(DBN)

Proud lawyer beats up log outside court
(DBN)

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Judges:

BK ND IL Northern, Eastern and Western Divisions Closed For Weather • Chicago: 20 Inches Snow Forecast
(DBN)

In this classroom, every student’s name is ‘Judge’
(DBN)

'You Can't Fight the Facts': Sotomayor Makes Case for Pay Equality
(DBN)

When Investigators Do Too Little And Judges Do Too Much: Some Thoughts On Larry Nassar
(DBN)

On Tour With Notorious R.B.G., Judicial Rock Star
(DBN)

Justice Antonin Scalia: Life and Legacy
(DBN)

Habitual drug user takes federal judge’s hint and gets sterilized before sentencing
(DBN)

Woman pleads guilty to using judicial ruse to steal $116K from state supreme court
(DBN)

Nunes has considered asking Chief Justice Roberts to testify in FISA warrant controversy
(DBN)

Justice Ruth Bader Ginsburg Still Can’t Believe She’s An Octogenarian Pop Culture Icon
(DBN)

Proposal: Bankruptcy discipline effective in district court as well
(DBN)

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Wall Street:

Dow futures rise as U.S. stocks try to come back from bruising bloodbath • Stocks are setting up for a rally after Dow plummets 1,000 points, entering correction territory • Stock futures trying to bounce, but sell-off seen continuing Friday after market falls into correction
(DBN)

The stock market is officially in a correction... here's what usually happens next
(DBN)

European stocks head for worst week in 2 years as global selloff rages on • FTSE 100 drops to 10-month low in global stock smackdown • Asian markets skid after Wall Street sinks into correction territory • Global stocks set for worst week since September 2011
(DBN)

Dow drops 400 points as bond yields creep higher • Dow tumbles 450 points as volatility continues to rattle investors • The Dow has now lost nearly 2,350 points since its peak and stocks are still sinking • Stocks are getting creamed as a volatile week rages on
(DBN)

The market sell-off is only 'shocking' because investors got used to smooth sailing • The cause of this brutal market sell-off was a piece of good news • Here's why the stock market is in turmoil and why it's not likely to end anytime soon
(DBN)

Volatility shockwave has wiped $5.2 trillion from markets, sent 5 sectors into correction • Top 5 Tech Companies Lost $437 Billion in Market Cap
(DBN)

US stock funds suffer record outflows of $23.9 billion
(DBN)

What Just Happened? Six Views on How the Correction Finally Came
(DBN)

After the Dow fell 1,000 points, millennials wonder whether it’s finally time to take the plunge
(DBN)

'The selloff is starting to feel more real': Wall Street explains why this massive stock drop is different
(DBN)

Cramer blames this week's crazy market on a 'group of complete morons' out speculating
(DBN)

Slide in ETFs that buy 'safe' stocks shows market volatility was no freakish VIX blip
(DBN)

Jim Rogers: Next Bear Market Worst Ever
(DBN)

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Layoffs:

Automation to Hit Workers in Three Waves
(DBN)

Most U.S. Workers Unafraid of Losing Their Jobs to Robots
(DBN)

Closures of 5 Carson's stores in Indiana to cost 300 jobs
(DBN)

AES prepares for 160 layoffs
(DBN)

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Pharma:

Teva chief reports 'strong progress' in restructuring plan
(DBN)

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Travel:

Spirit Airlines employee forced student to flush emotional support hamster down the toilet, student alleges
(DBN)

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Celebs:

‘RHONJ’: Money-Stricken Teresa Giudice Gifts Daughter Gia, 17, With New BMW???
(DBN)

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Television:

Hulu Loses $920 Million in 2017
(DBN)

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Economy:

US jobless claims unexpectedly drop to near a 45-year low • Weekly Initial Unemployment Claims decrease to 221,000 • Unemployment Lines Are Really, Really Short
(DBN)

Fed's Dudley: Market drop is 'small potatoes,' economy still strong, rates going up
(DBN)

What’s real about wages? A look at the increases and decreases in wages
(DBN)

Is the decades-long downtrend in interest rates finally over?
(DBN)

The U.S. Government Shut Down—And Reopened While You Were Sleeping • Congress votes to approve 2-year budget deal and end government shutdown • Here’s what’s in the budget deal struck by congressional leaders • Senate approves short-term government funding bill after a brief midnight shutdown • Rand Paul pushed Congress into a government shutdown all by himself • House leaders scramble to secure budget votes ahead of midnight deadline • Congress is set to open the door to a gargantuan budget deal — here's what's in it • As shutdown clock ticks down, Paul Ryan thinks the House won't sink major budget deal • Racehorse owners, rum get tax breaks in budget bill • Pharma furious after being "blindsided" in budget deal • Biofuel Producers, Nuclear Power Get Boost in U.S. Budget Deal • 12 of the most important things in Congress' massive spending deal • U.S. budget deal sets up wider fight over deficits, immigration
(DBN)

The GOP is the new party of big government • The Deficit Spending Boom Won't Last Forever
(DBN)

Nonrevolving and Revolving Consumer Credit by Month Since 2013
(DBN)

Dick Bove: A fundamental change is underway in the financial markets, and it will not be pleasant
(DBN)

Trump tax cuts trickle across America, bringing glee and skepticism • CVS Health says it will use tax cuts to boost wages, growth strategy
(DBN)

America's Most Unequal Cities
(DBN)

Mexico: NAFTA's Rules of Origin Will Change
(DBN)

Nissan CEO: China Overtakes US by 2022 • Mapped: Chinese exports take over the world
(DBN)

China Loves Trump
(DBN)

Infrastructure: Mississippi River shutdown could cost millions
(DBN)

AAR: Rail Carloads Declined YoY, "Best January Ever" for Intermodal
(DBN)

Traffic’s Mind-Boggling Economic Toll
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

MBA: Mortgage Delinquency Rate increases in Q4 mostly due to Hurricanes
(DBN)

U.S. mortgage rates hit 14-month high as bonds sell off
(DBN)

What is Happening to Real Estate Values? What Impact Will Tax Reform Have? Year-End Market Update & Outlook
(DBN)

Emerging Issues: Residential PACE Loans and Bankruptcy
(DBN)

Kevin O'Leary: Unless you can pass this two-question test, don't buy a home
(DBN)

This is what happens when homes are made permanently affordable
(DBN)

Richmond: Bankruptcy trustee on hunt for notorious local landlord’s assets
(DBN)

Wells Fargo: Ginnie Mae warning on VA loan churning is just the beginning
(DBN)

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Municipalities:

No Workers, No Experience, Atlanta Woman Got $156M for Puerto Rico Meals
(DBN)

Puerto Rico : Not A 'Good News Story'
(DBN)

253 Puerto Ricans Have Committed Suicide In 2017
(DBN)

Moody’s Says It’s ‘Highly Likely’ V.I. Will Have to Restructure Debt
(DBN)

Is Your Pension Fund Plundering Puerto Rico ?
(DBN)

Search warrants served at Maywood City Hall
(DBN)

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Oil/Gas:

Emerging Oilfield Bankruptcy and Insolvency Issues
(DBN)

U.S. fracker Ascent Resources Marcellus targets quick Chapter 11 exit
(DBN)

California just gave coastal states a blueprint to block Trump’s offshore drilling plan
(DBN)

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Retailing:

Linda The Bra Lady files for bankruptcy
(DBN)

Retail sales expected to climb as much as 4.4 percent in 2018
(DBN)

The Amazon-ification of Whole Foods • Empty Whole Foods Store shelves Anger Shoppers
(DBN)

Amazon adds a new Prime benefit: Free Whole Foods delivery in two hours
(DBN)

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Newspapers:

Digital First becomes third bidder for Boston Herald
(DBN)

The 'failing' New York Times posts 10% yearly revenue growth, sends stock soaring
(DBN)

From Expensing Yachts to Chasing The Onion: I Watched the Newsweekly Die From the Inside
(DBN)

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Personal Finance:

How to job hunt without your boss finding out
(DBN)

Less than 40% of workers negotiated their salary during their last job offer
(DBN)

This is exactly how much your salary matters to potential partners
(DBN)

Yikes! 1 in 5 people has refused to date someone with this common issue
(DBN)

Barbara Corcoran: If your kids have this trait, they'll be successful
(DBN)

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Tech:

Twitter Turns a Profit After 12 Years
(DBN)

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Package Delivery:

Amazon reportedly launching a delivery service for businesses; FedEx, UPS shares slide
(DBN)

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Education:

McNally Smith College of Music files for bankruptcy
(DBN)

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Guns:

US gun maker Remington reportedly taking steps toward bankruptcy • U.S. gunmaker Remington seeks financing to file for bankruptcy: sources
(DBN)

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Fashion:

Designer Bibhu Mohapatra on rebuilding his fashion brand one year after bankruptcy
(DBN)

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Distressed Investing:

Ex-Millennium's Gedeon Starts Fund to Tap Rising Credit Distress
(DBN)

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Golf:

Refuge Golf and Country Club announces bankruptcy restructuring
(DBN)

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New Bankruptcy Opinions
(8 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 (7 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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Intervention:

The First Circuit Joins Several Other Circuit Courts in Finding That Creditors' Committees Have an Unconditional Right to Intervene in Adversary Proceedings
(DBN)

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Discharge:

Third-Party Releases in Chapter 11 Plans
(DBN)

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Jurisdiction:

Beware the “Related To” Jurisdiction for Post-Confirmation Lawsuits on Inadequately-Disclosed Claims
(DBN)

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Cross-Border:

PDVSA's Debt Restructuring: The Chapter 15 Option
(DBN)

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Corporate Governance:

In Massachusetts, Directors and Investors Acting in their Normal Capacities Do Not Have Personal Liability for Wage Act Violations
(DBN)

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IP:

First Circuit Further Limits Remedies Following Trademark License Rejection
(DBN)

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Autos:

Tesla analyst on Musk: 'We discount what he says pretty substantially' • We still don't know how many Model 3 cars Tesla is making
(DBN)

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Currency:

Bitcoin plunge stops mammoth hedge-fund gains in their tracks
(DBN)

Vanguard’s chief economist: ‘Decent probability’ that bitcoin goes to zero
(DBN)

Evidence people haven’t got a clue when they invest in bitcoin
(DBN)

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Healthcare:

Drugs, alcohol and suicides contribute to alarming drop in U.S. life expectancy
(DBN)

11.8 Million Sign Up for ObamaCare in 2018
(DBN)

The Trump administration is quietly revolutionizing Medicaid
(DBN)

The Effect of the Patient Protection and Affordable Care Act Medicaid Expansions on Financial Wellbeing
(DBN)

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Bankruptcy Crimes :

St. Peters woman admits defrauding the bankruptcy court in Metro East
(DBN)

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Weather:

Water forecast is bleak for major reservoir in Southwest US
(DBN)

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Politics:

Trump stunned ethics experts with his surprising, 'excellent choice' to lead the government office that's been a huge thorn in his side
(DBN)

White Women in Rust Belt Turning on Trump
(DBN)

Democrats are going after 101 GOP House seats • Democrats get more aggressive in fight for House majority even as better news emerges for GOP • Cook Political Report moves 21 House races toward Dems
(DBN)

CNN Put a Nazi GOP Candidate on National Television and the Result Was Jaw Dropping • IL: How Did a Nazi Get on the Ballot?
(DBN)

Rob Porter's not the only one — the Trump White House has been plagued by people not getting security clearances • Kelly Knew Porter Would Not Get Clearance • Why Didn’t the White House See Domestic Violence as Disqualifying? • John Kelly crisis engulfs the West Wing • Kelly in staff memo: "Domestic violence...has no place in our society" • Aide’s Departure Casts a Harsh Light on Trump’s Chief of Staff
(DBN)

What Does It Take to Get Fired in the Trump White House?
(DBN)

Senate Democrats in Trump States Raise More Than GOP Challengers
(DBN)

CBS Releases Film of Omarosa Slamming Prez • Omarosa: US Won't be OK Under Trump • White House annihilates Omarosa after 'Big Brother' comments: 'Omarosa was fired three times on The Apprentice'
(DBN)

The Case for a Big, Beautiful Military Parade
(DBN)

‘Sprawling,’ ‘rorschachian,’ ‘corrosive’ to democracy: Pennsylvania’s top court condemns state’s gerrymandered districts
(DBN)

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Banking:

Ten Years After the Crisis, Banks Win Big in Trump’s Washington
(DBN)

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UK:

Hilco Capital among possible buyers for Toys R Us UK arm • HMV owner Hilco plots last-gasp rescue of ailing Toys R Us UK
(DBN)

EU Doubts UK's 2020 Brexit Vision
(DBN)

The U.K. Is Down Since Brexit. Guess Who's Up.
(DBN)

Another 1200 Carillion workers are told they will keep their jobs • Furious Qatar challenges claim that it caused Carillion's failure • Carillion job losses near 1000 following fresh redundancies • Carillion executives accused of giving misleading evidence to MPs • Carillion collapse leaves auditors conflicted • Carillion chasing claims of £260m before collapse • Carillion planned £3.1bn order book cut
(DBN)

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PIIGS:

Greece wraps up seven-year bond sale, raises 3bn
(DBN)


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Canada:

Half of those surveyed in new poll see N.L. going bankrupt in near future
(DBN)

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India:

Separate route on anvil for individual insolvency cases
(DBN)

Tata Steel, JSW Steel now face off over Bhushan Power
(DBN)

Insolvency and Bankruptcy Code, 2016 – Spreading its wings
(DBN)

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China:

Bondholders to file lawsuit against Dandong Port
(DBN)

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MENA:

Bankruptcy Under Qatari Law
(DBN)

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Venezuela:

Mad Max violence stalks Venezuela's lawless roads
(DBN)

Venezuela Is Moving From Crisis To Collapse
(DBN)

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