January 30, 2018

The Daily Bankruptcy News

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Law:

LSAC reports increase in law school applications
(DBN)

Will Partner Poaching Stop This Rumored Biglaw Merger In Its Tracks?
(DBN)

Legal community meets relief challenges after hurricanes Harvey and Irma ABA mobilizes aid to Puerto Rico and the Virgin Islands
(DBN)

It's difficult to describe lawyers' situations in Puerto Rico, but hurricane damage was 'extreme'
(DBN)

NCCU Law to shrink next first-year class in response to ABA accreditation issues
(DBN)

The 25 Biggest Lateral Moves of 2017
(DBN)

The continuing evolution of law firm finance
(DBN)

DLA Piper posts 14% increase in revenue for international LLP
(DBN)

When texting hits the courtroom: Lawyers Faced With Emojis and Emoticons Are All ¯\_(?)_/¯
(DBN)

Just for Laughs: These Tweeting Lawyers Yuck It Up
(DBN)

Law Prof Using ‘Big, Beautiful Gold Scissors’ In Trump-Era Regulatory Reform
(DBN)

Law school and university namesakes stir up controversial pasts
(DBN)

UC-Berkeley Law School Worker Felt ‘Mobilizing Anger,’ Then Won $1.7 Million In Harassment Case
(DBN)

Simulations test law firm system security
(DBN)

Obstruction chatter intensifies around Trump Rosenstein approved surveillance extension of former Trump adviser Carter Page Trump Repeats Nixon’s Fateful Panic Legendary investigative journalist Carl Bernstein calls Trump-GOP attacks on the FBI and DOJ a 'turning point' House Intel Committee Republicans vote to release secret memo in a move that the DOJ said would be 'extraordinarily reckless' Trump reportedly blew up at his staff aboard Air Force One after being warned against releasing the secret Russia investigation memo Republicans Show Little Urgency on Bill to Shield Mueller Mueller's Days May be Numbered FBI Deputy Director Andrew McCabe was reportedly forced out amid Trump's attacks FBI Director Wray reportedly pressured McCabe to step down 'America needs you': James Comey sends a heartfelt message to Andrew McCabe and other FBI officials Timeline: Trump's turbulent relationship with Andrew McCabe Report: Trump went after McCabe's wife in call about Comey Trump Mad at McCabe's Wife's Politics Here's Who Takes Over the Trump-Russia Investigation White House: Trump was not involved in McCabe's decision to step down We may now know why Trump wants the controversial Russia memo released Top Dem Senator Admits Fusion GPS Dossier Hasn’t Been Verified The Unlikely Martyrdom of Carter Page Carter Page Surveillance is Hardly a Smoking Gun in the Anti-Trump DOJ Conspiracy Theory Ken Starr sees grounds for Trump impeachment if president lied about trying to fire Mueller Trump lawyers reportedly look to 1997 case that could lend leverage in special counsel negotiations Report: Trump exploded at Justice Department over Russia probe On Flight to Davos, Trump Erupted Over DOJ Role in Russia Probe Russian Bots Retweeted Trump's Twitter 470,000 Times 10 undisputed facts behind the Russia probe
(DBN)

Clients Have No Idea How To Deal With Harassment, So Gear Up For That Work Former Clinton campaign manager "disappointed" by harassment case Wynn’s stock plunges again as analysts warn of significant risk from CEO allegations The Age of #MeToo: Wynn Resorts is the biggest test for investors’ tolerance Steve Wynn has lost $463 million since assault report Legal experts say Wynn Resorts board may face civil liability over payouts for alleged misconduct London financial firms slammed for closing ranks in Presidents Club scandal Kansas intern confidentiality rule: What happens in a lawmaker’s office stays there There's a Harassment Epidemic on America’s Farms The Conversation #MeToo Needs to Have Harassment training for lawmakers: Where’s the line? How a gymnast-turned-lawyer helped bring Larry Nassar to justice
(DBN)

Female partners in London earn £165,000 less than male counterparts
(DBN)

Woman Steals UPS Deliveries From Person's Porch, Walks Into Some Instant Karma
(DBN)

Real Life ‘Dilly Dilly’ Moment Lands Escapee Back In Jail
(DBN)

Lawyer for stars launches do-it-yourself divorce website
(DBN)

“My Life Is Over”: Former Justice Department Prosecutor And Akin Gump Partner Pleads Guilty To Stealing Government Files
(DBN)

Senate Rejects 20-Week Abortion Ban
(DBN)

A number of 'jackpotting' hackers have stolen over $1 million from ATMs across the US
(DBN)

Winning short story: 'The Attorney Helped Clean Up The Blood'
(DBN)

Defendant Implicates Himself In Second Crime After Asking Judge About His “Other Murder Case”
(DBN)

Federal Judge Slams ICE, Compares Them to 'Regimes We Revile'
(DBN)

Police Arrest 7-Year-Old Boy for Allegedly Attacking Teacher
(DBN)

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Judges:

Don’t Call Sonia Sotomayor ‘Honey’
(DBN)

Ruth Bader Ginsburg Has Better Things To Do Than Attend Donald Trump’s State Of The Union
(DBN)

How Ruth Bader Ginsburg’s Thinking On Harassment Evolved
(DBN)

Misconduct complaints against federal judges rarely become public, and few face consequences
(DBN)

Opinion warns against judges doing online research on facts related to cases
(DBN)

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Wall Street:

Dow futures slide 150 points, signaling another painful session
(DBN)

Stocks open lower, slip from records as interest rates pop Stocks retreat as 10-year bond yield rises to highest since 2014
(DBN)

Rising interest rates knock stocks, but this isn't the big move that will kill the rally — yet
(DBN)

Goldman: 'High probability' of a stock market correction in the coming months
(DBN)

Stocks are doing something they haven’t done in more than 60 years
(DBN)

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Layoffs:

90 layoffs reported for DISH manufacturing division
(DBN)

Robots could kill many Las Vegas jobs
(DBN)

Coca-Cola Plant Closing, 246 Jobs
(DBN)

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Telecoms:

Skepticism greets proposal to nationalize 5G wireless network 'Nonsensical': FCC Blasts Reported White House Push for Nationalized Wireless Network Wireless industry throws cold water on plan to nationalize 5G FCC chairman slams Trump team's proposal to nationalize 5G Key GOP lawmaker criticizes Trump team's 5G proposal The Trump administration says it has no plans to build a 5G wireless network Plan to nationalize 5G data networks has spurred widespread backlash Why everyone is freaking out about a White House plan to nationalize the country’s 5G data networks
(DBN)

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Politics:

A powerful House Republican's retirement is the clearest signal yet that a Democratic wave could be coming Powerful House Republican chairman won't seek re-election
(DBN)

All Signs Point to Big Democratic Wins in 2018 Republicans' hopes this fall will rest on good economic news outweighing negative views of Trump Here's why Democrats face a tough Senate campaign this year
(DBN)

The Governing Wing of the GOP is Near the End
(DBN)

President Trump likes controversy, conflict less so
(DBN)

Close Friend: Trump is a Pathological Liar
(DBN)

Bizarre feud erupts between Ivanka Trump and celebrity chef who claims she prevented him from entering swanky Washington after-party The restaurant at the center of a celebrity chef's bizarre feud with Ivanka Trump is a secretive Washington, DC go-to that's been a favorite of politicians since the '90s
(DBN)

Trump's radical push to scale back legal immigration is becoming a key flashpoint in Congress
(DBN)

Spicer discusses what it was like to have Trump as a boss
(DBN)

President says State of the Union will cover immigration and trade
(DBN)

Report: Trump Suing Palm Beach Over Tax Bill, Again
(DBN)

Melania Trump was reportedly blindsided by reports a lawyer paid p--- star to keep quiet about an alleged encounter with Donald Trump
(DBN)

'Enemies of the USA': Russia slams America's list of oligarchs with ties to Putin The US 'oligarch list' is strikingly similar to Forbes’ richest Russians ranking
(DBN)

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Religion:

Victims’ lawyers want parish assets included in bankruptcy settlement for Montana diocese
(DBN)

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Non-Profits:

If 1 In 8 Community-Based Organizations Are Insolvent, The Answer Is?
(DBN)

Judge Keeps UW System In UW-Oshkosh Foundation Bankruptcy Case
(DBN)

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Food/Beverage:

Judge seeks end to Erie County Farms bankruptcy
(DBN)

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Maritime:

Bunker debtor favored amicable agreement with the creditor
(DBN)

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Education:

On ITT and the Education Department, no more excuses
(DBN)

AJC: Some Historically Black Colleges Are Graduating As Low As Five Percent Of Their Classes After Six Years
(DBN)

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Economy:

Rates are shooting higher on inflation fears, 10-year yield its highest in nearly 4 years Dollar rebounds, helped by rising U.S. rates
(DBN)

Dallas Fed: Manufacturing Expansion Solid in January
(DBN)

An Open Letter to Jerome Powell
(DBN)

Economic State of America in Eight Charts
(DBN)

Sectors to Watch in Trump's State of Union Speech Americans Assess State of Union as Trump Prepares Speech Trump’s Agenda Faces Tough Fiscal Reality After State of the Union 6 things to watch at Trump's State of the Union, including the big Russian elephant in the room
(DBN)

What Happened to All the Jobs Trump Promised?
(DBN)

The dollar's slump risks sending the US economy into a 'boom/bust cycle'
(DBN)

Consumer spending rises as savings plummets to a 10-year low Why the savings rate falling to a 12-year low is not a death knell for the U.S. economy
(DBN)

Very few US adults report receiving bonuses or raises from the Republican tax law Tax overhaul means a $4,000-a-year pay raise for the average family, Trump advisor says Here are the Trump tax cuts’ hidden stock-market winners Exxon Mobil to invest $50 billion in US over 5 years, citing tax reform New Jersey will do 'whatever it takes' to push back on tax law deduction limits, governor says Here Comes the GOP Tax Cut Nightmare
(DBN)

The Return of Trillion Dollar Deficits
(DBN)

Wage increases reported by highest number of companies in 18 years, survey finds An economic indicator is signaling paychecks could get significantly bigger this year Personal Income increased 0.4% in December, Spending increased 0.4%
(DBN)

EU warns it will retaliate if Trump starts a trade war
(DBN)

Wells Fargo Survey: Small Business Optimism Hits 11-year High
(DBN)

U.S. cites NAFTA progress but rejects Canadian proposals on car sector Auto industry exposes NAFTA’s blind spot Lawyers optimistic on NAFTA talks NAFTA negotiators remain divided but see some progress in trade talks Trump official still looking for ‘major breakthrough’ on NAFTA As NAFTA talks continue, your hamburger hangs in the balance NAFTA Stalls: World Moves On Without the US
(DBN)

Mr. President, Chrysler Isn't Leaving Mexico
(DBN)

In Mexico, Trump’s Bark Has Been Worse Than His Bite
(DBN)

These 10 countries have the best quality of life
(DBN)

Study finds $14.3 billion hit coming as Pa. residents lack retirement savings
(DBN)

What the U.S. Economy Is Still Missing
(DBN)

Trump Still Dreams of a 1950s-Era Economy
(DBN)

More Than 50,000 US Bridges are Failing
(DBN)

WI: Foxconn Wants 7M Gallons of Water Daily
(DBN)

Decade of Easy Cash Turns Bond Market Upside Down
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Mortgage rates jump to the highest point in 4 years, an ominous sign for spring housing
(DBN)

Q4 2017 GDP Details on Residential and Commercial Real Estate
(DBN)

NMHC: Apartment Market Tightness Index remained negative for Ninth Consecutive Quarter
(DBN)

Black Knight: House Price Index up 0.3% in November, Up 6.4% year-over-year
(DBN)

Court Won’t Let Bank of America “Buy and Bury” Judgment Against It
(DBN)

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Municipalities:

After Four Months, Much of Puerto Rico Still Dark and Damaged
(DBN)

Letters to the Court
(DBN)

Puerto Rico board says utility in urgent need of $1.3 bln loan
(DBN)

Divesting from companies with holdings of Puerto Rico's debt will not help the island
(DBN)

Hurricane Maria Worsened Puerto Rico Health Care Crisis
(DBN)

Privatization of Puerto Rico's PREPA Augurs Disaster
(DBN)

The Ticking Time Bomb in the Municipal-Bond Market
(DBN)

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Oil/Gas:

After Shale Slump, Oil Boom Gives U.S. New Edge in Energy and Diplomacy
(DBN)

Why Is The Shale Industry Still Not Profitable?
(DBN)

Oil Slips as Dollar Kills Crude's Mojo, Storage Withdrawals End
(DBN)

Oil Is Looking Unstoppable as Hedge Funds Take Bets to New High
(DBN)

What's driving Exxon's $50 billion spending surge in U.S.
(DBN)

Three Factors That Could End The Oil Rally
(DBN)

US crude's price is catching up to the rest of the world, creating a risk to the export boom
(DBN)

FourWinds official testifies he altered bank statements FBI: FourWinds investor money kept Uresti law firm’s accounts in the black
(DBN)

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Healthcare:

Judge again approves deal to prop up hospital pension plan
(DBN)

Trios cuts 3 therapy services to save money
(DBN)

When Insurance Won't Pay the $12K ER Visit
(DBN)

Preventive Care Saves Money? Sorry, It’s Too Good to Be True
(DBN)

TRMC reopening may be pushed to spring
(DBN)

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Weather:

Climate Change Starting To Emerge As A Bankruptcy Issue
(DBN)

Trump says the argument that climate change is real 'wasn't working too well because it was getting too cold all over the place' Trump: Polar Ice Caps Actually Doing Great FactCheck: "The ice caps were going to melt, they were going to be gone by now, but now they’re setting records, so okay, they’re at a record level."
(DBN)

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CDS:

Congratulations to Hovnanian, Blackstone: Judge Rules Fancy Manufactured CDS Trade Allowed
(DBN)

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Solar:

Trump says solar tariff will create 'a lot of jobs.' But it could wipe out many more
(DBN)

It Matters Where Solar Panels Are Made
(DBN)

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Currency:

Bitcoin prices slide as Japan cracks down on Coincheck after hack
(DBN)

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Newspapers:

Gazette-Mail Declares Bankruptcy ; WARN Notice Sent Out Charleston Gazette-Mail ownership declares Chapter 11 bankruptcy Charleston Gazette-Mail to file bankruptcy ahead of sale to Ogden Newspapers
(DBN)

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Autos:

Takata Asks Bankruptcy Court To OK State Claims Discharge
(DBN)

Steve Wozniak says he doesn’t trust Elon Musk or Tesla anymore
(DBN)

Waymo orders thousands of driverless cars for public debut
(DBN)

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Forex:

Endangered Species: Seventh Circuit Finds that Forex and Spot Metal Contracts are Not Entitled to Customer Protection in FCM Liquidations
(DBN)

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Radio:

The Long Fall of iHeart Radio
(DBN)

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Movie Theaters:

Theaters face a power struggle as digital takes over
(DBN)

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Taxis:

Business travelers increasingly prefer ride-hailing services over car rentals, taxis
(DBN)

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New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (30 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (5 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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Bankruptcy Statistics:

Chapter 15 Filings, 2006-17
(DBN)

Weekly Bankruptcy Claims Trading Activity
(DBN)

Business and Nonbusiness Cases Commenced, by Chapter of the Bankruptcy Code, During the 12-Month Period Ending December 31, 2017
(DBN)

Top Ch. 11 Filing District 2016 and 2017
(DBN)

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Professional Compensation:

In Re Hungry Horse – A New Decision Raises Troubling Questions For Delaware Professionals
(DBN)

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Venue:

Proposed Bill: Bankruptcy Venue Reform Act of 2018
(DBN)

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Corporate Governance:

The Importance of Being Truly Independent
(DBN)

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Ch. 13:

Ohio Courts Could Change Course for Chapter 13 Bankruptcy
(DBN)

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Due Process:

Eleventh Circuit Holds That a Creditor’s Due Process Claim Can Be Inadvertently Waived By Inaction
(DBN)

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Advisors:

AlixPartners Promotes 24 to Managing Director
(DBN)

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Politics:

Trump approval ratings put midterms at risk
(DBN)

Trump is winning because he has turned the news cycle into a cutthroat reality show
(DBN)

First Lady's Military Flights Before Washington Move Cost More Than $675,000
(DBN)

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Travel:

There's a gruesome reason why you can't use the bathroom on a plane before takeoff
(DBN)

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Pharma:

Trump: Azar will bring drug prices “way down”
(DBN)

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Retailing:

In public filing, Bon-Ton describes turnaround plan that involves closing, opening stores Carson's parent company closing 45 stores
(DBN)

Toys R Us Closings May Prove Fortunate to Most Landlords
(DBN)

Stein Mart, Inc. Assembles Team to Explore Strategic Alternatives
(DBN)

The profitable business of selling to the hard-up
(DBN)

Wal-Mart to tell suppliers: Deliver on time or face fines
(DBN)

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Magazines:

Penthouse Publisher Says Financials Were Falsified Before Bankruptcy
(DBN)

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Electricity:

First Energy Solutions Edges Closer to Defaulting
(DBN)

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Biofuels:

Bankrupt Philadelphia refiner faces potential biofuel credit squeeze
(DBN)

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UK:

CVAs: A 2018 Revival
(DBN)

Carillion failure adds to subcontractors' case against late payment MPs grill witnesses as inquiry into Carillion collapse begins
(DBN)

BLP partner ‘deeply regrets’ Presidents Club attendance as City law firm dismisses ‘main legal adviser’ claims
(DBN)

Brits Plan Massive Protests for Trump Visit
(DBN)

Coming Soon: More Brexit Confrontations Morgan Stanley: The economic damage of Brexit will force a 'soft out' deal for Britain UK Brexit Analysis: This is Really Gonna Hurt U.K. government’s secret analysis shows widespread economic damage from Brexit
(DBN)

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Canada:

Calls to amend bankruptcy and insolvency laws can no longer be ignored
(DBN)

Newfoundland And Labrador Is Going Bankrupt And It's Really, Really Bad
(DBN)

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EU:

Eurozone economy enjoys its best year in a decade
(DBN)

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PIIGS:

Despite Austerity Protests, Greece Placates Creditors and Enters Final Bailout Stage
(DBN)

Greece to tap markets for 7-year debt
(DBN)

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India:

Tax uncertainty over insolvency deals likely to go
(DBN)

Applicability Of Limitation Act, 1963 To The Insolvency And Bankruptcy Code, 2016
(DBN)

Interpretations in “Insolvency and Bankruptcy Code”
(DBN)

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Austria:

Steinhoff Austrian unit Kika/Leiner secures money for up to 24 months
(DBN)

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Ukraine:

Ukraine: Without Help from the IMF we will go Bankrupt
(DBN)

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Turkey:

Government prepares ‘reform package’ in bid to lure investors to Turkey: Suspension of bankruptcy abated
(DBN)

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Australian:

Bankruptcies rise 6.1pc in 2017 Weak wages fuels bankruptcy surge
(DBN)

Bankruptcy surge chills mortgage market
(DBN)

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Malaysia:

AKPK hopes to curb bankruptcy in half
(DBN)

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Singapore:

Noble Group Shares Yo-Yo on Debt Deal The Winners and Losers of Noble’s Debt Restructuring Deal Noble's creditors in driver's seat as group seeks to slash debt Noble's restructuring plan leaves major shareholder Goldilocks upset; Sias calls for more equitable terms New-look Noble Group has a fighting chance Rags to riches tale ends in disaster for Noble Group's Richard Elman
(DBN)

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Azerbaijan:

Azerbaijan may re-plan distribution of bankrupt banks' assets
(DBN)

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China:

Tough times ahead for HNA as Chinese conglomerate faces liquidity crunch HNA said to warn creditors of possible debt payment shortfall
(DBN)

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