Daily Bankruptcy News
January 8, 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:

Legal Sector Posts Modest Job Gains in December Legal Industry Ends 2017 On An Upswing With 600 Jobs Added
(DBN)

Bernstein Shur Names New Bankruptcy Shareholder
(DBN)

Greenberg Traurig, the G.O.A.T. of Law Firms?
(DBN)

3 days into new job, Philadelphia DA Krasner fires 31 staff members
(DBN)

Sessions appoints 17 interim U.S. attorneys as time limits for those in acting posts winds down
(DBN)

Detroit bankruptcy lawyer David Heiman joins JAMS Detroit
(DBN)

Shkreli Lawyer Facing Prison Hears Juror Inform Judge of Doubts Jury Misconduct Claimed In Ex-Katten Atty Trial
(DBN)

'The precedent is now set for double-digit million-dollar compensation': legal headhunters on their predictions for 2018
(DBN)

US law firms increasingly 'potent' in London
(DBN)

Law is no longer about lawyers
(DBN)

2017 Law Grads Provided $82 Million in Pro Bono Work
(DBN)

How To Start The New Billable Year On The Right Foot
(DBN)

Skadden, Arps - Face Time, Public Shaming by Marketing, No Work/Balance Tradeoffs for Being Part of Prestigious Brandname
(DBN)

Glassdoor - Cravath Fares Better than Jones Day
(DBN)

Five Things I Learned After Meeting Donald Trump's New Lawyer
(DBN)

King & Spalding Moves To Sink Ex-Associate's Suit
(DBN)

NY Lawyer Who Padded Billables To Look Busy Censured
(DBN)

When The Work Is Good, It Just Keeps Getting Better
(DBN)

AI is out, augmented intelligence is in for 2018
(DBN)

What A Lawyer’s Drink Reveals About Their Personality
(DBN)

Changes To Federal Loan Program Could Be Catastrophic For Law Students
(DBN)

Taylor Swift’s Lawyer Does Some Serious Player-Hating In Attempt To ‘Shake Off’ Absurd Copyright Lawsuit
(DBN)

Justice Department Tells Court to Disregard Trump's DACA Tweet Inside the Faltering Dreamer Talks In next round of budget talks, ‘dreamers’ are set to dominate
(DBN)

America First poll finds widespread support for some tougher immigration laws
(DBN)

The Golden Globes Prove #MeToo Is Far From Over crazy Weinstein Sued for Alleged Scheme to Foil Rape Probe General Loses Three-Star Promotion for Calling Dem Congressional Staffer 'Sweetheart'
(DBN)

Republicans recommend criminal investigation against Trump dossier author Could Steele Really Be Prosecuted Over the Trump Dossier? GOP on Russian Probe: Kill the Messenger Republicans Are Weaponizing Law Enforcement The Steele Dossier, Explained Ivanka Met With Russian Lawyer After Trump Jr. Meeting At Trump Tower Mueller's latest move undermines Trump's claim that he isn't being investigated Even Pompeo Claims Russia Tried to Undermine Our Elections Trump: Russia Actions Were 100% Proper Impeachment Mania Undercuts Mueller Probe Report: Trump legal team discussing interview options with FBI
(DBN)

The SEC is investigating the Kushner family's company over its use of a controversial visa program
(DBN)

FBI examining Clinton Foundation again: reports Two new Justice Department probes have more to do with politics than law.
(DBN)

McMaster: The US has seen signs of Russian interference in Mexico's upcoming election
(DBN)

Clarke to Face Trial Over Airport Incident
(DBN)

Trump Wants Law to Limit Free Speech Trump Again Suggests U.S. Libel Laws Need To Change Trump's Assault on the First Amendment
(DBN)

Sessions under fire from all sides Why Trump might be stuck with Jeff Sessions as attorney general
(DBN)

O.J. Simpson to sue Las Vegas casino that banned him for at least $100M
(DBN)

Former IRS Ethics Attorney (And Georgetown Tax Adjunct) Pleads Guilty To Conspiracy To Distribute 500 Grams Of Meth
(DBN)

Man Calls 911 on Himself for Driving Drunk
(DBN)

11 horrible body language mistakes that are hard to quit but you'll be glad you did
(DBN)

______________

Judges:

John Ninfo: Those TV commercials just keep on giving
(DBN)

Justice Thomas Opens Up On Life, Faith And His Marriage
(DBN)

From Laid-Back Law Student To SCOTUS?
(DBN)

Sessions to challenge immigration judges over closure of cases Sessions To Probe How Immigration Judges Close Cases
(DBN)

Atty In $28M Trial Could Be Nixed Over Judge Photo
(DBN)

Harassment isn't the only problem with law-clerk culture
(DBN)

Judge-in-Residence Apologizes After Telling Law Students She Was Uncomfortable Walking Into Room 'Full Of Big Dark People' And Was Used To Being In An 'Ivory Tower' Away From The 'Riff-Raff'
(DBN)

______________

Wall Street:

US futures edge higher, continuing the positive momentum seen in previous sessions
(DBN)

Dow surges more than 200 points, caps off best start to a year since 2006
(DBN)

Morgan Stanley: We've entered the final stage of the stock market's remarkable rally
(DBN)

Trump says Dow 30K will be the next big milestone. He may be right, and it might not be that far off
(DBN)

______________

Layoffs:

Rather than a hotel bellhop, a robot will deliver that late-night drink or missing toiletry
(DBN)

Pfizer to Cut 300
(DBN)

130 laid off at GE plant
(DBN)

______________

Healthcare:

Explosive new book says Trump asked why Medicare can't just cover everyone
(DBN)

______________

Marijuana:

Attorney General Jeff Sessions' war on pot may become a war on small business
(DBN)

Republicans rebuke Sessions over latest marijuana crackdown
(DBN)

Jeff Sessions’s Endless War on Marijuana
(DBN)

About six-in-ten Americans support marijuana legalization
(DBN)

______________

Travel:

New York's JFK Airport snarled by blizzard, causing 2 planes to collide and sparking massive delays More JFK Flights Diverted as Port Authority Pledges Probe of Weather Chaos New York's JFK plagued by delays, with water main break adding to storm recovery woes JFK chaos: Airport buckles under pressure of rescheduled flights, broken equipment and a collision on the tarmac Travelers throw punches in 'near riot' Passengers Stuck On Dark Planes For Nearly 24 Hours
(DBN)

How Far You Could Get From New York in One Day, From 1800 to Today
(DBN)

Why you might need your passport even to fly within the U.S.
(DBN)

______________

Mass Torts:

Deadline approaches to file Libby asbestos claims
(DBN)

______________

Student Debt:

Time to Level the Playing Field
(DBN)

______________

Education:

ITT trustee unveils $1.5 billion settlement for former students Trustee proposes settlement for former ITT Tech students
(DBN)

As Flow Of Foreign Students Wanes, U.S. Universities Feel The Sting
(DBN)

______________

Religion:

Judge OKs 2 insurance settlements in Diocese of Duluth's bankruptcy
(DBN)

______________

Fraud:

National Events DIP Lender Wasn't Wise To Ponzi: Examiner
(DBN)

Trustee in Rick Siskey case seeking life insurance money from widow, daughter
(DBN)

Racer Jailed For $2B Fraud After Judge Rips Tribal Defense
(DBN)

Embezzlement at Union Offices Across the US
(DBN)

______________

Personal Finance:

6 TED talks to help you be better with money
(DBN)

9 jobs to take if you want a big cash bonus, according to LinkedIn
(DBN)

Here's the tax bill on the $1 billion weekend Powerball and Mega Millions jackpot wins
(DBN)

11 things you say that will automatically disqualify you in a job interview
(DBN)

______________


Economy:

US Added 2.1 Million Jobs in 2017 2016: 2.2 million jobs added Why this 'disappointing' jobs report will soon look good Trump's bright spot, jobs, facing challenges Inevitable Job-Growth Slowdown Could Be a Good Thing
(DBN)

Public and Private Sector Payroll Jobs During Presidential Terms
(DBN)

Fed's Harker pushes for only two rate hikes in 2018
(DBN)

Fed officials are already plotting how to combat the next downturn
(DBN)

Fed’s Monetary Policy Cornerstone Attacked at Economists’ Gathering
(DBN)

Dollar jumps to 2018 high after Fed members strike hawkish tone
(DBN)

The Trump Effect: Business, Anticipating Less Regulation, Loosens Purse Strings
(DBN)

Holiday debt piles onto already-high credit card balances Americans will soon find out they have been living beyond their means
(DBN)

Q4 GDP Forecasts
(DBN)

Fed Nowcast: 4.0% for 2017:Q4 and 3.4% for 2018:Q1.
(DBN)

The Biggest Pay Raises Are Going to the Well-Off
(DBN)

Williams paints benign picture of Fed rate hikes, strong US economy
(DBN)

GOP Plots Health Care, Welfare Cuts
(DBN)

Federal Tax Changes a Boon to Attorneys Apple, tech companies could bring home $400 billion in overseas cash Bristol-Myers sees $3 billion tax hit in fourth quarter 2017 Tax Law's $450 Bn Bonanza for Wall Street Companies in New York 'open' to new payroll tax system: state official Why Blue States May Not Be Able to Game the New Tax System
(DBN)

Trump passed up a huge opportunity to give Americans an economic boost when he chose to focus on tax cuts
(DBN)

'The S&P 500 has a 10% correction:' Blackstone's Byron Wien unveils his big surprises for 2018
(DBN)

African American Jobless Rate at Record Low
(DBN)

The Real Future of Work
(DBN)

Some Types of Make-Work Jobs Won't Survive
(DBN)

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

AAR: Rail Carloads increased, "Best Year Ever" for Intermodal
(DBN)

Pope warns on being misled by the pursuit of money The Associated Press
(DBN)

The most expensive infrastructure plan in history
(DBN)

Highest-Paying Jobs of 2017
(DBN)

Global trade might not survive 2018
(DBN)

Trump reportedly targeting China in aggressive trade crackdown White House preparing for trade crackdown
(DBN)

Republicans, Democrats Far Apart on Deal as Shutdown Clock Ticks
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

______________

Real Estate:

San Francisco's housing market is so dire that renters are paying $1,100 a month to live in converted living rooms
(DBN)

By all measures, a construction boom is shaping up for 2018
(DBN)

Another Condo Wants to Dump the Trump Name
(DBN)

____________

Municipalities:

Puerto Rico Now Longest Blackout in History Puerto Rico expects full power in May as some turn to solar
(DBN)

The Suicide Prevention Centers Grappling With Puerto Rico's Mental Health Crisis
(DBN)

Estimates marked by uncertainty: Rosselló warns that the imposition of contingencies such as furloughs or reduction in Christmas bonus is not acceptable
(DBN)

Hospitals see shortage of IV bags, linked to Puerto Rico hurricane
(DBN)

Puerto Rico : The High Toll of Being Colonized
(DBN)

Justice for Puerto Rico
(DBN)

The Fight to Rebuild a Ravaged University
(DBN)

Detroit makes a comeback -- big time
(DBN)

Mike Duggan: how I halted Detroit's decline
(DBN)

Here’s How Nuts Bay Area Housing Prices Have Become
(DBN)

______________

Oil/Gas:

"Total US oil rigs were down 5 to 742 this week"
(DBN)

Breitburn Asset Valuations At Heart Of Ch. 11 Plan Fight
(DBN)

Oil likely to see downward correction over the coming months, Commerzbank says
(DBN)

Trump Proposes Most Aggressive Offshore Drilling Plan Ever Trump's huge offshore drilling plan unlikely to spark a 'gold rush' for energy industry
(DBN)

Crude price spike is 'head fake' — except when it comes to heating oil, says energy expert Tom Kloza
(DBN)

The Rockefellers vs. the Company That Made Them Rockefellers
(DBN)

______________

Solar:

Solar Is Going to Get Ridiculously Cheap
(DBN)

______________

Ethanol:

Ted Cruz proposal on ethanol gets cold reception in Midwest
(DBN)

______________

Politics:

Steve Bannon was warned Steve Bannon apologizes for anti-Trump comments to Michael Wolff in 'Fire and Fury' Bannon backtracks on Trump Jr. criticism after getting heat Trump's Done with Anti-GOP Insurgents Steve Bannon’s Olive Branch Said to Be Too Late for Angry Trump Trump Has Upper Hand in Legal Fight With Bannon The author of the explosive new Trump book says he can't be sure if parts of it are true Wolff’s Admission to Lies in His Book Puts Him in Legal Jeopardy Michael Wolff's 'Fire and Fury': Some of the facts just don't stack up Trump: choose Bannon or me People are falling for a made-up excerpt from the bombshell Trump book that involves him watching 'the gorilla channel' The mystery of Miles Kwok and Steve Bannon Steve Bannon's strange "obsession" with Andrew Weissmann Trump book author Michael Wolff made a damaging admission Stephen Miller slams 'Fire and Fury' as 'grotesque work of fiction' Trump book author says his revelations will bring down the US president
(DBN)

Trump hits back at questions about his mental fitness, describing himself as 'a very stable genius' Why Would the President of the United States, Like, Tweet This Way? Schiff: There's bipartisan concern over Trump's mental fitness ‘Fire and Fury’ author Wolff says 25th Amendment concept ‘alive every day’ at White House Psychiatrist who met with Democrats defends assessment of Trump Who Said It Best: I'm Really, Really Smart Trump reportedly starts his days later because he wants more 'executive time' to watch TV and go on Twitter Gary Cohn Attempts To Defend Donald Trump’s Literacy By Impugning His Own Trump's secret, shrinking schedule How Actual Smart People Talk About Themselves The President Who Doesn't Read Donald Trump poised for medical check amid allegations over his fitness for office Stephen Miller had to be escorted off CNN's set after his interview went off the rails 'I've wasted enough of my viewers' time': Jake Tapper abruptly ends heated interview with Trump adviser A Defense of Trump as Possessing a Certain Kind of Genius
(DBN)

U.S. freezes funds to U.N. relief agency, diplomats say
(DBN)

Congress likely to do less in '18 than in '17
(DBN)

In Clash Between California and Trump, It’s One America Versus Another
(DBN)

More than $100K raised for Moore accuser whose home was destroyed in suspicious fire
(DBN)

Oprah at the Golden Globes: Is she running for president? Meryl Streep just endorsed an Oprah Winfrey presidential run Instantly, Oprah 2020 erupts Oprah Denies Political Ambition After Golden Globes Speech
(DBN)

Grand jury takes sworn testimony in Burlington College case
(DBN)

______________

Retailing:

Retailers are bracing for a surge in spending unlike anything we've seen in 17 years
(DBN)

After better than expected holiday season, a 'reckoning time' for retailers
(DBN)

Jobs everywhere! Except at stores
(DBN)

Bankruptcy judge approves $14M Toys R Us executive bonus payout
(DBN)

JCPenney is going straight for the jugular of its embattled rival
(DBN)

Department Stores, Malls In 2018: Amazon Will Let You Live — For Now
(DBN)

Neiman Marcus Taps Ralph Lauren Exec To Get Back on Track
(DBN)

Saving Your Retail Business From The Chopping Block
(DBN)

Wave of store closures and retail bankruptcies in the US to benefit giants like Amazon and Wal-Mart
(DBN)

Liquor, home, hobbies and cars — an obsessively detailed look at sectors that are surviving the retail apocalypse
(DBN)

______________

Corporate Governance:

Delaware Chancery Court Action Challenges Federal Forum Bylaws
(DBN)

______________

Agriculture:

Highly leveraged farmers could face distress
(DBN)

______________

Currency:

Commodity Futures Trading Commission to meet regarding cryptocurrency
(DBN)

______________

 


New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (19 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (87 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:

Bankruptcies in South Central Texas fall for 8th straight year
(DBN)

______________

Equity Interests:

Misconceptions And The Preferred Investor: In The Event Of A Bankruptcy The Preferred Investment Is Safer Than The Common
(DBN)

______________

Property of the Estate:

Title-Pawned Vehicle Drops Out of Estate When Not Redeemed Post-Petition
(DBN)

______________

Discharge:

Challenge to Dischargeability of Claim Against Broker in Bankruptcy
(DBN)

______________

Venue:

New Rules for a New World: How Technology and Globalization Shape Bankruptcy Venue Decisions
(DBN)

______________

Involuntary Bankruptcy:

Nevada District Court Holds that a Creditor Must Have a Fully Undisputed Claim to Petition for an Involuntary Bankruptcy
(DBN)

______________

Pharma:

More lawsuits roll in against opioid makers, distributors
(DBN)

______________

Healthcare:

Diabetes Shouldn't Bankrupt You
(DBN)

Privatized Medicaid's Promised Savings Largely a Mirage
(DBN)

______________

Autos:

Tesla's Model 3 Problems Threaten Company
(DBN)

Takata air bag recall expands by 3.3 million
(DBN)

______________

Corporate Reform:

Mulvaney Is Quickly Deregulating the Financial Industry
(DBN)

Meet The Trump-Appointed Judge Deciding Who Leads CFPB
(DBN)

These banks held the most CFPB complaints in 2017
(DBN)

______________

Weather:

US temperature begins inching up after deep freeze, storm
(DBN)

How businesses are warding off the big economic chill that comes with freezing temperatures
(DBN)

Global warming may be driving the East Coast chill
(DBN)

Sydney Melts in Hottest Day Since 1939 as U.S. Freezes
(DBN)

______________

Entertainment:

Weinstein Company close to selling itself for less than $500 million: Report
(DBN)

______________

Radio:

Why would honest men spread dishonest information about Pacifica's finances?
(DBN)

______________

Nuclear:

Four Law Firms Score Roles on Nuclear Energy Deals
(DBN)

______________

Aviation:

Island Air trustee gets OK to proceed with operating certificate sale
(DBN)

______________

Celebs:

The Shocking Truth Behind 50 Cent's Downward Spiral To Bankruptcy
(DBN)

Here's Why So Many NBA Players Still Go Broke After Signing Eight-Figure Contracts
(DBN)

______________

Newspapers:

Current Newspapers Files for Bankruptcy
(DBN)

______________

UK:

Trump may deny the UK a Brexit trade deal if he's snubbed from Prince Harry's wedding
(DBN)

Serious failures in laws to deal with dishonest bankrupts Bankrupt businessmen are 'beating weak system' Former millionaires 'still enjoying lavish lifestyles with new luxury cars despite claiming they are bankrupt' Former Scottish Tory treasurer in BBC undercover sting
(DBN)

Construction suppliers demand end to late payments
(DBN)

Debt-ridden Carillion in talks with financial creditors to stave off collapse Carillion To Present Plan To Creditors As It Attempts To Fix Funding UK's Carillion to discuss rescue with creditors on Jan. 10
(DBN)

Retail sector insolvencies rise for first time in five years, finds Deloitte
(DBN)

Mothercare Plummets in Latest UK Retail Christmas Disaster
(DBN)

Concerns mounting over future of department store group
(DBN)

Steinhoff CFO steps down
(DBN)

______________

PIIGS:

Greece's 10-step road map to a bailout program exit Tsipras tells cabinet 2018 to be 'landmark year' Crucial year for Greece
(DBN)

The New Greek Oligarchy
(DBN)

ie: Corporate insolvencies down 15% last year, says Deloitte
(DBN)

______________

Canada

'Everyone on edge right now' as insolvency filings climb month over month
(DBN)

Quest Rare Minerals Files Proposal Under the Bankruptcy and Insolvency Act
(DBN)

______________

MENA:

11 Saudi Princes Arrested After Protest
(DBN)

Saudi king orders new allowances to offset rising cost of living
(DBN)

Low Cost Renewables Are Creating A New Middle East
(DBN)

Kushners' Business Got $30 Million From Israeli Firm
(DBN)

______________

Venezuela:

Implications of the Third Circuit’s Crystallex Decision
(DBN)

Venezuela supermarkets besieged after government forces price cuts
(DBN)

______________

India:

On way to insolvency , firms scout for fronts
(DBN)

MAT relief to firms facing insolvency Stressed Companies Get A Tax Breather
(DBN)

The Insolvency And Bankruptcy Amendment Bill, 2017: What Has Changed?
(DBN)

Will Insolvency and Bankruptcy Code fix the Bank NPA issue?
(DBN)

Tata, Singapore Airlines Have an 'Open Mind' on Air India Bid Vistara owners ready to bid for Air India
(DBN)

______________

Australia:

First retail collapse of 2018 prompts expert warnings of more fashion pain to come
(DBN)

______________

China:

China property bonds seen facing highest default risk this year China's property sales may finally stop growing this year, UBS says
(DBN)

China's economic transition is good news for its debt worries, economist says
(DBN)

LeEco Repays Part of China Merchant Bank Debt
(DBN)

______________

Brazil:

An Analysis of Reorganizing Bankruptcies in Brazil: Assessing and Understanding Failure or Success.
(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