Daily Bankruptcy News
January 3, 2018


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:

The Continuing Impact of Jewel
(DBN)

S-- Czars, Lies and Law Firms' Fate: The Careerist's Predictions for Life in Law in 2018
(DBN)

Weaker law firms unable to compete will lead to market consolidation
(DBN)

'GCs say firms aren't changing quickly enough': law firm leaders on their predictions for 2018
(DBN)

Haynes and Boone Announces 2018 Class of New Partners
(DBN)

Hogan Lovells Celebrates the New Year with 31 Promotions to Partner and 38 Promotions to Counsel, Two Restructuring Promotions
(DBN)

Biglaw Boom In Beantown
(DBN)

Lawyers spend nearly £30k on work clothes and three months planning what to wear
(DBN)

Ballard Spahr Merges with 170-Lawyer Firm
(DBN)

Far Fewer Law School Conditional Scholarship Programs In 2016-17 Than In 2011-12
(DBN)

SDT 'very troubled' by allegations against Clifford Chance
(DBN)

Clifford Chance leadership team pockets £16m following strong year
(DBN)

Will Dan Markel Get Justice In 2018?
(DBN)

New Year, New Legal Department: 5 Points of Focus for In-House Lawyers in 2018
(DBN)

In Age of Differentiation, How Marketing Teams Can Increase Market Share
(DBN)

Pay for Fieldfisher's top earner shoots up 70%
(DBN)

'It's Okay To Be White' Signs Posted At Harvard Law School, Denounced By Dean
(DBN)

Former Partner Interrupts Law Firm Holiday Party And Starts Shooting
(DBN)

The Most Illustrious Legal Citation
(DBN)

Lawyers/Law Students - Sleep Disorders & Voodoo
(DBN)

Trump lawyers met with Mueller's team in December: report 'It is time to stop chasing rabbits': Fusion GPS punches back at GOP critics in revealing op-ed The Republicans’ Fake Investigations Trump FactCheck: Dianne Feinstein said "there is no collusion" between the Trump campaign and Russia Some Trump Supporters Think Mueller’s Grand Jury Has Too Many Black People Dem lawmaker: I expect more indictments in Mueller probe in 2018 There's more to Trump's 'fair' prediction on Mueller probe than meets the eye
(DBN)

Congressional investigators find irregularities in FBI's handling of Clinton email case
(DBN)

Now Trump Wants Huma Jailed Trump’s Huma Abedin Tweet is Proof He Really Doesn’t Understand What’s Going On
(DBN)

Legal Heavy Hitters Line Up Behind 'Time's Up' Launch Hitting Workplace Harassers Where It Hurts Kansas tax attorney accused of harassment, bizarre rants Vice suspends two executives following harassment allegations Two Harvey Weinstein Police Investigations Sent to L.A. District Attorney LA prosecutors weighing charges against James Toback Harassment Measures to Be Proposed by NY Governor
(DBN)

'Bizarre' Behavior of Law Grad-Turned-Killer Sparked Concern at Law School
(DBN)

2018 U.S. News Law School Peer Reputation Rankings (And Overall Rankings)
(DBN)

Not a Bunch of Hooey: Stress-Management Techniques for Lawyers
(DBN)

Trump Hardens Immigration Stance Heading Into Shutdown Talks Trump's Demand for a Border Wall Splits GOP Lawmakers
(DBN)

The Second Annual Thinking Like A Lawyer Awards Gala
(DBN)

Former Federal Prosecutor Buys First Bag Of Legal Marijuana In California
(DBN)

Oregonians lose it when they realize they might have to start pumping their own gas
(DBN)

Cops Appear to Abuse Their Authority in Pulling Over Erykah Badu Just 'To Say Hi'
(DBN)

Cop Tries To Shoot Medium-Size Dog, Shoots Nine-Year-Old Girl In Forehead Instead
(DBN)

Couple Nabbed For Romp In Texas Eatery
(DBN)

Gunman in Douglas County sheriff ambush posted anti-police rants online, was former lawyer
(DBN)

______________

Judges:

The Great Reshaping: How Trump is Changing the Game on Judicial Nominations
(DBN)

Federal court filings hit record low last year, Chief Justice John Roberts says
(DBN)

Law Clerks, Judicial Power, and the Code of Silence
(DBN)

Legal Footnote: You Have to Look Hard to See the Supreme Court Correct Its Mistakes
(DBN)

Openly Gay Judge to Lead NY Appeals Court
(DBN)

______________

Wall Street:

US futures rise as Wall Street shakes off geopolitics and looks to Fed minutes
(DBN)

Stocks kick off 2018 with gains; major indexes trade near records
(DBN)

Expect a pullback in U.S. stocks in 2018 before rally comes roaring back
(DBN)

Even academics are attacking index funds now
(DBN)

______________

Layoffs:

Why the Tax Bill Could Mean More Layoffs for Retail Workers
(DBN)

______________

Radio:

Radio Broadcaster Pacifica Teeters on Edge of Bankruptcy
(DBN)

______________

Autos:

10 predictions for the US auto market in 2018
(DBN)

Tesla is rising despite slashed Model 3 delivery estimates
(DBN)

November auto defaults hold steady
(DBN)

GM Vaults More Ignition-Switch Suits
(DBN)

______________

Politics:

January is going to get wild for Trump and Congress as a government shutdown looms Bannon: This month could define Trump's presidency
(DBN)

Roy Moore’s Jewish Lawyer Has Been Found. And He Loves Doug Jones.
(DBN)

Trump claims credit for "safest year" in commercial aviation
(DBN)

Trump Pushes for Change That Could Derail the Census
(DBN)

Trump's Year of Living Dangerously Trump To North Korea: My 'nuclear button' is bigger than yours Trump: My Button is Bigger 'Put this lunacy in check': Trump's fiery tweet sparks swift backlash Some White House officials fear accidental war
(DBN)

2018 will bring a disastrous geopolitical event that rivals the 2008 financial crisis, says foreign policy expert Ian Bremmer
(DBN)

Elizabeth Warren has raised more than any other Senator
(DBN)

Longtime Sen. Orrin Hatch announces his retirement, leaving a door open for Mitt Romney Mitt Romney changes Twitter location to Utah Timeline: Trump and Romney's tumultuous relationship
(DBN)

GOP Rep. Bill Shuster to retire
(DBN)

Doug Jones to be only Senate Democrat with black chief of staff
(DBN)

______________

Travel:

Airlines are ditching seatback screens and making you use your phone to watch movies
(DBN)

______________

Solar:

SunEdison Emerges From Bankruptcy a Shadow of Its Former Self
(DBN)

______________

Food/Beverage:

FL: Bankruptcy judge's order for councilwoman's family business leaves city short
(DBN)

McDonald’s super-sized growth potential spells trouble for competing fast-food chains
(DBN)

Hawaiian Springs files for bankruptcy
(DBN)

______________


Economy:

The Fed may be only thing that can stand in the way of a rally that has been impossible to stop
(DBN)

We can get 3% GDP growth this year, but it's 'a one-hit wonder,' JP Morgan strategist says
(DBN)

Average Hourly Earning of All Employees, Year-Over-Year Change Since 2007
(DBN)

Former Obama Treasury Secretary says the GOP tax law is a 'ticking time bomb' Lew: Tax Cuts Will Leave the US Broke GOP Brings Back $20BN Obamacare Tax American, Southwest Airlines to give employees bonuses due to tax cuts U.S. Bank becomes latest bank to increase wages, hand out bonuses after tax reform Blue States Strike Back? 3 Ways Democrats Could Challenge the GOP Tax Overhaul Once the tax bill is paid for, low- and middle-income households will be worse off The Tax Law Hits Manhattan Home Sales
(DBN)

Bonus or No, Don’t Get Your Hopes Up for a Raise
(DBN)

State wage hikes will fatten worker paychecks by $5 billion
(DBN)

Small-business hiring shows signs of slowing, even as the economy accelerates
(DBN)

Republicans Pivot to 'Entitlement Reform' as Budget Battle Looms
(DBN)

Americans' Economic Confidence Positive in 2017
(DBN)

Americans racked up more than $1,000 in holiday debt
(DBN)

Cities with low unemployment seeing wage growth
(DBN)

Trump's Infrastructure Plan is a Financial Scam
(DBN)

Iceland becomes first country to legally mandate equal pay
(DBN)

What if NAFTA Visas Disappear?
(DBN)

Foxconn got a really good deal from Wisconsin. And it's getting better
(DBN)

Westward bound! More and more Americans are leaving the East Coast and heading west because it's 'cheaper, warmer and easier to find a job'
(DBN)

How Governments Can Move People to Jobs
(DBN)

The Millennium Is Off to a Bad Economic Start
(DBN)

A Peek Into American Debt by Generation
(DBN)

The Places That May Never Recover From the Recession
(DBN)

America’s forgotten towns: Can they be saved or should people just leave?
(DBN)

How One Of The Biggest Family Fortunes Of All Time Was Lost Within A Few Generations
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

______________

Real Estate:

Home prices are set to soar in 2018
(DBN)

CoreLogic: House Prices up 7.0% Year-over-year in November
(DBN)

Mortgage applications end 2017 lower as rates rose
(DBN)

Amid Ponzi scheme charges, investors await outcome of fight for Woodbridge control
(DBN)

Manhattan real estate prices and sales fell ahead of tax changes
(DBN)

Framing Lumber Prices Up Sharply Year-over-year, Looks like Record Prices in 2018
(DBN)

____________

Municipalities:

Clark County School District teetering on edge of insolvency
(DBN)

______________

Oil/Gas:

Bankruptcy judge awards $8M to Alfaro investors
(DBN)

US oil production surges as companies use smaller workforce, fewer rigs
(DBN)

Big unsecured creditor to bankrupt Seadrill takes aim at lenders
(DBN)

Oil could hit $80 per barrel by the end of 2018, says portfolio manager Iranian Crisis Could Send Oil To $100 Moody's Sees Oil Prices At $40-$60 Per Barrel This Year
(DBN)

BP Takes $1.5B Hit Over US Tax Changes, Joining Shell
(DBN)

Iran May Not Be Oil's Biggest Wild Card in 2018
(DBN)

______________

Hotels:

'Bad faith' accused in Morgantown hotel bankruptcy filing
(DBN)

Lender asks for dismissal of Mountain Blue Hotel Group's second bankruptcy filing
(DBN)

Hotels: Strong Finish to 2017, Record Occupancy due to Hurricanes
(DBN)

______________

Personal Finance:

The best time of year to buy just about anything
(DBN)

______________

Advertising:

Ad agencies reeling from brutal 2017
(DBN)

______________

Hedge Funds:

Warren Buffett has won his $1 million bet against the hedge fund industry
(DBN)

______________

Religion:

Judge orders continued mediation to resolve Minnesota bankruptcy case
(DBN)

______________

Accounting:

PwC found negligent by US judge over Colonial Bank's $2bn fraud PwC could face huge Colonial Bank negligence claim Federal judge finds PwC negligent in Taylor, Bean & Whitaker/Colonial Bank audits Shoddy PwC Audits Led To Bank Failure, Judge Rules PwC Negligent in Colonial Bank Failure, Says Judge
(DBN)

US audit watchdog piles on the misery for GT
(DBN)

______________

Distressed Investing:

Jeff Altman's Flagship Fund Jumps 21% on Distressed Bets
(DBN)

______________

Currency:

Peter Thiel’s Founders Fund Makes Monster Bet on Bitcoin
(DBN)

Bitcoin’s Stunning Rise Far Outperformed the Best Stocks in 2017
(DBN)

______________

Aviation:

The ups and (mostly) downs of Trump Shuttle, the president’s long-defunct airline
(DBN)

______________

Newspapers:

Judge gives OK for counsel to probe Rogoff finances
(DBN)

______________

Travel:

A passenger took the emergency exit and climbed onto the wing after his plane was delayed
(DBN)

______________

Education:

NV: Legal wrangling between Tiberti, Bishop Gorman landlord continues
(DBN)

______________

Corporate Reform:

2017 marked a year of tearing down consumer protections 'brick by brick'
(DBN)

Both sides grossly overstate consumer watchdog's impact
(DBN)

______________

Television:

TV content wars will have grisly season finale
(DBN)

______________

Student Debt:

With student debt rising, attorney general calls for legislation regulating lenders
(DBN)

Student loan debt in Washington state reaches highest level at $24.4B
(DBN)

Recession created ‘perfect storm’ for sharp rise in student loan debt
(DBN)

______________

 


New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (12 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (6 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)

______________

Bankruptcy Statistics:

Toledo bankruptcies increased in 2017
(DBN)

______________

Consignment:

Consignment Rules in Bankruptcy
(DBN)

______________

Mediation:

Evolutionary Progress of Mediation is Upward: Toward Greater, Earlier and Mandatory Use
(DBN)

______________

Automatic Stay:

Eleventh Circuit Affirms Award of Attorneys’ Fees Incurred by Individuals for Stay Violation in Damages Action and on Appeal
(DBN)

______________

Retailing:

No relief for retail in 2018
(DBN)

Why retailers file for bankruptcy when they aren't yet broke
(DBN)

How Sears CEO Lampert cashes in as stores cash out
(DBN)

Amazon says it shipped 5 billion items to Prime customers in 2017
(DBN)

Amazon will buy Target in 2018, influential tech analyst Gene Munster predicts
(DBN)

Two retail no-shows on TV this past holiday season
(DBN)

Department stores kick off 2018 with stock rally
(DBN)

These 15 Retailers May Not Survive 2018
(DBN)

Who will the 'retail apocalypse' claim in 2018?
(DBN)

America's Retail Implosion
(DBN)

America's department stores are in deep, deep trouble
(DBN)

Why your favorite stores are imploding
(DBN)

Strategies for Pre-Planning and Handling Financially Distressed Vendors
(DBN)

Accounting scandal deepens for Steinhoff
(DBN)

______________

Healthcare:

$2.3 Million Settlement in Unprotected Health Records Case
(DBN)

Chautauqua County hospital completes exit from bankruptcy
(DBN)

Why the US spends so much more than other nations on health care
(DBN)

______________

Newspapers:

Second potential buyer makes offer for Boston Herald
(DBN)

______________

Tech:

Fortior, formerly called SureID, files for bankruptcy
(DBN)

______________

Trucking:

Death of the American Trucker
(DBN)

______________

Weather:

Florida could see snow as cold wave tightens grip on USA
(DBN)

A 'cold-weather bomb' is bearing down on the East Coast — and it could deliver lots of snow and record-low temperatures Ice storms, blizzard conditions, and more record-shattering cold to blast the Eastern US First Comes the Bone-Rattling Cold, Then Comes the Snow Bomb
(DBN)

Record dry raises fears of drought's return in California
(DBN)

______________

Insurance:

New Chapter 11 Filing – Life Settlements Absolute Return I, LLC
(DBN)

Top Ten D&O Stories of 2017
(DBN)

______________

UK:

The UK's financial watchdog is investigating troubled construction firm Carillion
(DBN)

Not Even Next Can Save Christmas for Britain's Retailers
(DBN)

Former Tesco boss claims he helped uncover fraud
(DBN)

UK business confidence slumps despite global optimism
(DBN)

______________

Canada:

The man held hostage with his family by the Taliban for 5 years faces 15 criminal charges after his return to Canada
(DBN)

______________

India:

Jaitley Opts For Trial And Error On Insolvency Code
(DBN)

Identify willful loan defaulters, says Opposition to govt
(DBN)

New territory, says Arun Jaitley as House passes insolvency Bill
(DBN)

IBBI amends rules, drops need to disclose liquidation value of asset
(DBN)

Indian parliament bars defaulting firm owners from bidding to buy back assets
(DBN)

Bad loans to remain a thorn in Indian banks' side for now
(DBN)

Creditors panel will decide on bids for bankrupt firms: Jaitley
(DBN)

Legislating For Moral Hazard With A Broad Brush – Take 2.
(DBN)

______________

MENA:

Trump threatens to cut aid to Palestinians Palestinians condemn Trump's threat to halt aid payments, saying, 'We will not be blackmailed'
(DBN)

Saudi Arabia Raises Gasoline Prices
(DBN)

Rhetoric rises as US vows to withhold aid to Pakistan
(DBN)

______________

Austria:

Passenger rights group takes legal action that could block Niki sale to IAG
(DBN)

______________

Kenya:

State takes over KQ to rescue it from headwinds
(DBN)

______________

South Korea:

South Korean shipbuilders surge on turnround hopes
(DBN)

______________

Germany:

German court to decide on Niki insolvency challenge on Thursday
(DBN)

______________

Venezuela:

Oil-Rich Venezuela Is Out Of Gasoline
(DBN)

Venezuela Misses Another Debt Payment
(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