December 15, 2016

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:

Associate Bonus Watch: It’s All About The Benjamins For Top Billers At This Firm
(DBN)

Associate Bonus Watch: Sullivan & Cromwell Finally Speaks!
(DBN)

This law firm's bonuses exceed the Cravath standard
(DBN)

Legal tech’s future is in lawyers’ mindset, Randi Mayes says
(DBN)

The Billable Hour Stifles Billing Innovation
(DBN)

Life as a “4L”
(DBN)

Reed Smith circles KWM partners as Dentons bows out of takeover talks
(DBN)

Crowell & Moring and Herrick Feinstein lay groundwork for US merger
(DBN)

18,000 Legal, Accounting Jobs At Risk As EU Targets Key London Finance Business
(DBN)

Meet Trump’s pick for White House counsel, Donald McGahn
(DBN)

A Biglaw Holiday Romance? D.C. Powerhouse Cuddles Up To Prominent New York Firm
(DBN)

Ex-client blamed failure to pay $500K BigLaw legal bill on lightning strike, Abu Dhabi bank
(DBN)

5 Year-End Planning Tips For The Procrastinating Attorney
(DBN)

Millennials: Large Legal Market Lawyers Are Not Reaching Them
(DBN)

Do Lawyers Need Virtual Receptionists?
(DBN)

Muslim Teen Admits Harassment Not True
(DBN)

Boulder Police Exploring New DNA Testing in JonBenet Ramsey Case
(DBN)

A New Jersey state trooper has been criminally charged after pulling over women to ask them out on dates
(DBN)

______________

Judges:

Judge in Cosby case tells shouting lawyers that deputies will be called if they can’t be civil
(DBN)

Houston bankruptcy judge orders arrest of suspended San Antonio lawyer
(DBN)

______________

Wall Street:

Dow poised to aim again for 20,000 mark, even as Fed signals more rate hikes
(DBN)

Dow snaps win streak as central bank signals tighter policy in 2017
(DBN)

Here's what the Dow would do if Trump matches the market performance under Obama
(DBN)

______________

Layoffs:

Hennepin County Board approves plan to cut 275 jobs at hospital
(DBN)

Pocono Medical Center to lay off 61 registered nurses
(DBN)

Layoffs, research cutbacks on the table as MD Anderson moves to improve its financial health
(DBN)

Toyota issues layoff notices for final 650 jobs in Northern Kentucky
(DBN)

Volvo Trucks announces 500 layoffs
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Healthcare:

52 Million Have Preexisting Medical Conditions
(DBN)

A ‘Full Repeal’ of Obamacare Could Spur Medicare’s Bankruptcy
(DBN)

Trump’s Dilemma: Can He Repeal Obamacare without Killing Medicare?
(DBN)

US Health Spending in 2015 - Avg. $10,000 Person
(DBN)

Wrong Hospital? 3 Times More Likely to Die
(DBN)

______________

Personal Finance:

Reply All email tirade shows how not to quit a job
(DBN)

______________

Fraud:

Trustee seeks $252M payout to victims of Madoff Ponzi scheme Madoff Victims Poised to Start 2017 With $342 Million in Payouts
(DBN)

______________

Gambling:

Caesars unit's bank lenders need more time to resolve dispute
(DBN)

Caesars Entertainment’s Bank Lenders Say They Might Drop Support for CEOC Bankruptcy Reorganization Plan
(DBN)

______________

Shipping:

Hanjin Bankruptcy Continues to Affect Port Cargo Volume
(DBN)

HMM to Receive Additional Funds of 300 Billion Won from Creditors
(DBN)

______________

Religion:

Endgame may be near in Twin Cities archdiocese bankruptcy case
(DBN)

______________

Labor:

Defamation Verdict Drives Union into Bankruptcy
(DBN)

Bankrupt SEIU local accused of 'sham' Chapter 11 filing
(DBN)

______________

Corporate Reform:

Big Banks Fight to Block Crisis-Era Lawsuits From Continuing
(DBN)

______________

Retailing:

U.S. Retail Sales Increased Slightly in November
(DBN)

______________

Metals:

Optima Specialty Steel Files In DE First Day Dec
(DBN)

______________

Television:

Lenders Sue ‘American Idol’ Owners Over Asset Shuffle
(DBN)

______________


Economy:

Fed raises interest rates and adds another hike to its 2017 forecast Yellen makes clear she hasn’t endorsed ‘high-pressure’ economy Yellen sounds cool to stimulus at Fed press conference Stock market dips as Fed points to 3 rate hikes in 2017 Trump's win affected some Fed voters' calculations, Fed Chair Yellen says Yellen: It isn’t our job at the Fed to tell Donald Trump what to tweet Here's what changed in the new Fed statement Yellen Upbeat on Economy, but Says Trump Brings ‘Cloud of Uncertainty’ The Fed Must Live With Uncertainty Under Trump
(DBN)

This is how the Fed is chasing Donald Trump’s tail
(DBN)

Some of Trump's Economic Stats Are True
(DBN)

JPMorgan, US Bank to raise prime lending rate to 3.75% from 3.5%
(DBN)

Yellen floats idea of staying at Fed after her term as chairwoman ends
(DBN)

Yellen defends the Dodd-Frank bank rules that Donald Trump wants to scrap
(DBN)

Yellen: We don't need a government spending binge to reach full employment
(DBN)

Fed to get more aggressive under Trump, say survey respondents
(DBN)

US industrial production falls 0.4% in Nov, vs 0.2% drop expected U.S. retail sales, industrial output data point to slowing growth
(DBN)

Some US Companies Are Backing Off Mexico
(DBN)

Retaliation: China May Target US Firms
(DBN)

Rising inequality has crushed the dream of upward mobility
(DBN)

US business inventories post largest decline in 11 months
(DBN)

US Population 65 and Older to Surge
(DBN)

Map: How many Americans are really struggling financially
(DBN)

How Donald Trump May Actually Widen the U.S. Trade Deficit
(DBN)

Trump's Carrier Deal Could Generate Returns
(DBN)

Donald Trump's Pledge to Loosen Regulations on Businesses Is a Heavy Lift
(DBN)

Economist Ken Rogoff sees 'significantly faster' growth under Trump
(DBN)

Fears of a global populist revolt rising among elite corporations: CFO survey
(DBN)

US retail sales cool in November after strong gains
(DBN)

Bill for Pre-Trump Debt Binge Worst for Emerging Borrowers: S&P
(DBN)

Republican Tax Plan likely to cause "an explosive rise in federal debt"
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

Bankruptcy Sales: Consider All of the Facts
(DBN)

How a housing squeeze is tightening on first-time buyers
(DBN)

Lenders to Take Over Sutton Place Development
(DBN)

New Forms May Alleviate Some Concerns About Massachusetts Notarizations
(DBN)

Housing Foreclosures Worsened Under Obama
(DBN)

____________

Municipalities:

Detroit bankruptcy accountability bill headed for final passage
(DBN)

Detroit pension board member under fire for lavish travel budget
(DBN)

Cities Gaining the Most Jobs This Year Cities Losing the Most Jobs This Year
(DBN)

______________

Oil/Gas:

OPEC: We can’t clear this oil glut alone
(DBN)

US drillers pumped like crazy last week, and that's a 'major concern' for OPEC
(DBN)

Oil men poised to take Washington, signal dawn of new energy era Big Oil Gets a Huge Role in Trump's Administration
(DBN)

Oil prices fall after crude inventory, OPEC news Oil retreats on reports of growing U.S. supply Oil Recovers After Fed Hike
(DBN)

Get ready for 'a new chapter' of rising oil prices: Hess CEO
(DBN)

After Agreeing To Cut, Is OPEC’s No.2 Going Rogue?
(DBN)

Trump energy team: heavy on oil and gas, lighter on coal
(DBN)

Oil prices fall 2% on renewed worries of oversupply
(DBN)

Bankruptcy Wildcatting: Challenging Midstream Contracts In The Wake of Sabine
(DBN)

Stone Energy Files for Chapter 11 Bankruptcy Protection Stone Energy files for bankruptcy to carry out debt cutting plan Prepackaged bankruptcy plan; expects to complete reorganization in 90 days First Day Dec Plan
(DBN)

______________

Politics:

Trump’s Business Plan Doesn’t Meet Standards, Ethics Office Says Trump would violate DC hotel lease 'the moment he takes office,' federal agency tells Democrats Democrats hit Trump on DC hotel lease, but federal agency pushes back on their claims Trump Gets a Taste of What’s to Come If He Refuses to Exit His Businesses Poll: Trump Still at 58% Unfavorable Rating How Donald J. Trump proved everyone wrong Trump’s Top 3 Priorities: Obamacare Repeal, Tax Cuts, More Tax Cuts Trump's War on Science America's Bait and Switch Presidency
(DBN)

20 in Electoral College May Flip Votes
(DBN)

GOP health proposal was tried in Georgia for years, but there were no takers
(DBN)

Inside The Mind Of James Comey
(DBN)

Probe of Russian hacking of U.S. election is an act of patriotism
(DBN)

GOP Suddenly Thinks the Economy is Great
(DBN)

______________

Asset Protection:

Michigan's New Asset Protection Trusts
(DBN)

______________

Celebs:

These fans still care about Darius Miles, despite his bankruptcy
(DBN)

______________

 


New Bankruptcy Opinions
(11 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (42 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)

______________

Consumer Bankruptcy:

Why You are an Idiot if you use 506 to Avoid Judicial Liens
(DBN)

______________

TBTF:

Wells Fargo's 'Living Will' Fail Is Just a Temporary Setback
(DBN)

______________

IP:

First Circuit BAP Protects Trademark Licensees In Bankruptcy Despite Section 365(n)
(DBN)

______________

Cross-Border:

Abengoa U.S. unit wins court blessing to exit bankruptcy
(DBN)

______________

Recharacterization:

SCOTUS Asked To Resolve Split Of Authority On Rule Of Decision For Recharacterization
(DBN)

______________

Notice:

Extra! Extra! Read All About It! Publication Notice of Claims Bar Date Satisfies Due Process Requirements
(DBN)

______________

Automatic Stay:

District Judge Splits with Third Circuit on Recoupment and Social Security Overpayment
(DBN)

______________

FDCPA:

Lawyers Can Violate FDCPA by Making Factually Inaccurate Allegations in Bankruptcy Pleadings
(DBN)

______________

Litigation:

Burford Purchases Gerchen Keller for $160M
(DBN)

A Major Merger In Litigation Finance Means A Giant Payday For Three Young Lawyers
(DBN)

______________

Sporting Goods:

Private equity firms said to be eying Performance Sports Group
(DBN)

______________

Autos:

Why General Motors is asking the Supreme Court to say it’s only 7 years old — not 108
(DBN)

______________

Distressed Investing:

Three Jefferies Distressed-Debt Employees Said to Leave Firm
(DBN)

______________

Mining:

Itasca County Board changes course, backs Magnetation sale
(DBN)

______________

Electricity:

Houston power company files for bankruptcy
(DBN)

______________

UK:

Emerging Cracks in Brexit Facade
(DBN)

UK will do what is needed to prevent business disruption -Brexit minister
(DBN)

______________

EU:

8 Things You Need To Know About EU's Insolvency Proposal
(DBN)

______________

PIIGS:

Greece's European Creditors Suspend Debt Relief Measures Greece's European creditors suspend debt relief measures Greece's row with eurozone deepens as creditors halt debt relief Greece's creditors trade barbs over debt relief Greek Stocks Sink, Yields Spike, As EU Creditors Balk Greek Short-Term Debt Relief in Jeopardy as Bailout Stalls
(DBN)

ie: Bankruptcy cases hit record levels after 760pc surge
(DBN)

______________

Canada:

Canadian Household Debt Inches Higher in Third Quarter
(DBN)

Canada’s Oil Exports Are Dead Without U.S. Shale Production
(DBN)

______________

Brazil:

Brazil proposes 'fiscal recovery' bill for state governments
(DBN)

______________

MENA:

Government must finalize new bankruptcy law to attract entrepreneurs
(DBN)

______________

Nepal:

Private sector welcomes government’s move to revive defunct firms
(DBN)

______________

France:

Beware French Employees’ Remedy for Damage to their “Individual Interests”
(DBN)

______________

India:

Challenges in the Transition to the New Insolvency and Bankruptcy Code
(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 2016