December 1, 2017

The Daily Bankruptcy News

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Law:

Cravath Bonuses For Everyone And A Little Something Extra For High Billers Biglaw Firm With Billable Hours Bonus Eligibility Requirement Refuses To Comment On Billable Hours Bonus Eligibility Requirement Elite Litigation Boutique Matches Cravath Yet Another Firm Eager To Leap Off Financial Cliff To Follow Cravath This Biglaw Firm Knows Exactly How Associates Like To Party — With Bonus Bucks!
(DBN)

King & Spalding Names Two New Bankruptcy Partners
(DBN)

New Paul Weiss Recruit Dials Up First Big Bankruptcy at New Firm
(DBN)

Black Female Lawyers Face the Double Jeopardy of Racial and Gender Stereotyping
(DBN)

Snooze Button Aside, How Biglaw Partner Manages Kids, Career
(DBN)

Minorities are still scarce among law firm partners and general counsel
(DBN)

The Great Legal Reformation: It’s All About The Clients
(DBN)

Solo And Small Firms Face Many Challenges, Survey Shows, But Few Have Made Changes To Address Them
(DBN)

Would-Be Merger Candidate Sues Big British Law Firm for Partner Poaching
(DBN)

Allen & Overy associate hospitalized with exhaustion
(DBN)

Meet the Law Firms That Represent America's Biggest Companies
(DBN)

How To Ace That Biglaw Interview: 10 Easy-To-Learn Tips!
(DBN)

300 Lawyers Named ‘Chicagoans Of The Year’
(DBN)

Former BigLaw partner pleads guilty in plot to sell sealed lawsuits to targeted companies
(DBN)

This Harvard Law Startup Wants to Be the “Google for Legal Contracts”
(DBN)

Nancy Pelosi calls on John Conyers to resign John Conyers won't resign, attorney says Conyers hospitalized, reportedly for stress-related illness 5th Franken accuser says he assaulted her in 2003 Democratic outcry on abuse threatens Franken's future Garrison Keillor remains defiant in statement about his firing When Garrison Keillor Met The Outrage Machine: A Plea For Restraint In The #MeToo Era How harassment might make the gender pay gap even worse Bette Midler in 1991: Geraldo Groped Me Matt Lauer Apologizes After Firing Matt Lauer’s lawyers trying to get him $30M payout after firing Why Matt Lauer’s Alleged Assault Won’t Ever Be Prosecuted It’s Not Just the Matt Lauers and the Mark Halperins Army Vet: Franken Groped Me Too Rep. Barton won't seek re-election after photo Randi Zuckerberg calls out airline after passenger allegedly harasses her Israel Horovitz, Playwright, Is Accused of Misconduct Why People Doubt Victims of Harassment Cosby Show Producers Claim Copyright Infringement In Documentary Covering Allegations Against Bill Cosby Lawyer who blasted feminism has conviction for groping For some victims, reporting can bring doubt, abuse — and even prosecution Alaska Air is investigating a harassment claim by Randi Zuckerberg, sister of Facebook founder Mark Zuckerberg Uber Investor Shervin Pishevar Accused of Misconduct by Multiple Women Vice fires three employees amid investigations into harassment Why don’t women talk about harassment? They are afraid to lose their jobs. The million dollar harassment settlements in the U.S. Megyn Kelly says Roger Ailes locked her in his office and she had to shove him off of her 3 times — then he asked when her 'contract was up'
(DBN)

Democrats are zeroing in on top Trump aide Stephen Miller in the House Russia probe Is Jared Kushner the Final Nail in Mike Flynn’s Coffin? Manafort Reaches a Bail Agreement Sessions Evasive on Russia Investigation A 'very forceful' Trump pushed Republican congressional leaders to shut down the Russia investigation
(DBN)

Federal judge tosses bias suit, citing same ‘boilerplate’ claims in lawyer’s unrelated cases
(DBN)

Father Detonates Grenades at Murderer's Trial
(DBN)

Firm plagiarized other firm's work
(DBN)

????
(DBN)

Undocumented immigrant acquitted in San Francisco shooting that sparked sanctuary-city debate Jurors Reject Murder Charges in San Francisco Pier Shooting San Francisco jury acquits Mexican immigrant of murder charge, and Trump flips out Trump Blames Justice System for Kate Steinle Verdict
(DBN)

Chemerinsky: Is there a constitutional right for a business to not serve customers?
(DBN)

Where the poor face the death penalty without a lawyer
(DBN)

Indigent Ordinance Violator Jailed 72 Days for Holding a 'Please Help' Sign
(DBN)

The mysterious death of a border patrol agent may have been an accident, Texas sheriff says, not an attack as Trump suggested
(DBN)

Revealed: The law firms with the best perks 2017-2018
(DBN)

In Absolutely Bizarre Video, Woman Vows Innocence in Tinder Date's Disappearance
(DBN)

Court to Police: Nope, Sometimes “Fleeing” Is Just Jogging
(DBN)

Coworkers of Suspected Serial Killer Had Joked He Looked Like Serial Killer Wanted by Cops
(DBN)

Group looking for Christmas tree finds kidnapping victim in woods
(DBN)

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Judges:

Judge Tells Uber Lawyer: 'It Looks Like You Covered This Up'
(DBN)

Gorsuch appears to side with liberals on need for warrant to get cellphone location data
(DBN)

Judge Who Abused Teen Won't Face Discipline
(DBN)

Top Florida court rejects governor’s bid to toss justice from appointments case over ‘crazy’ remark
(DBN)

Right-leaning judges slam push by Federalist Society co-founder to add judgeships for Trump to fill
(DBN)

Sen. Kennedy: "I plan to vote in favor" of 5th Circuit nominee Kyle Duncan
(DBN)

Trump judicial pick didn’t disclose 16,000 ‘provocative and disturbing’ online posts
(DBN)

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Wall Street:

Stocks look set to open lower as tax bill progress stalls
(DBN)

Dow rockets to 24000, building on incredible post-election surge Dow rips 331 points higher, closes above 24000
(DBN)

Stocks could surge by 17 percent — if tax reform passes
(DBN)

The market's good times are coming to an end in 2018
(DBN)

Blankfein isn't planning to die at his desk at Goldman, after all
(DBN)

Trump says the market would be down 50% from here if the 'Dems had won'
(DBN)

'There are so many lights flashing red': Fund manager Neil Woodford warns of a stock market bubble
(DBN)

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Layoffs:

Maimonides Medical Center to lay off up to 200 employees
(DBN)

Robots could replace nearly a third of the U.S. workforce by 2030
(DBN)

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Politics:

The White House has a plan to replace Rex Tillerson with CIA Director Mike Pompeo
(DBN)

House Republicans keep announcing 2018 departures
(DBN)

U.S.-U.K. 'Special Relationship Is Tested by Trump Tweets Trump Visit to UK Called Off Indefinitely Sanders Says Trump’s Tweets of Anti-Muslim Videos ‘Elevate’ Debate
(DBN)

Roy Moore Blames His Misconduct Allegations On Lesbians, Gays, And Socialists
(DBN)

Mysteries of the White Working Class: What happened? Three books explain, without patronizing
(DBN)

Trump's favorite polling firm found the winner of his 'fake news trophy': Fox News
(DBN)

Trump's Strange Beliefs Scarborough: Trump Has ‘Early Stages of Dementia,’ Must Be Removed from Office
(DBN)

NYT's "Nazi Next Door" Loses Job and Home
(DBN)

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Corporate Reform:

Employees dish on the chaos gripping America's top consumer watchdog agency
(DBN)

Trump Wants an Anti-Consumerist for CFPB
(DBN)

Republican lawmakers move to slash CFPB employees pay
(DBN)

Debt Collection Rulemaking on Hold Amid CFPB Rancor
(DBN)

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Economy:

Trump is talking about a potential US government shutdown, this is what that means Trump reportedly believes that a government shutdown might score him political points
(DBN)

Consumer Spending Rose Solid 0.3 Percent in October US consumer spending moderates in October, while inflation is picking up Personal Consumption Expenditures Increased Slightly in October
(DBN)

Weekly Initial Unemployment Claims decrease to 238,000
(DBN)

Trump nominates Marvin Goodfriend for Fed governor post Three ways Trump's latest pick could really shake up the Federal Reserve
(DBN)

Tax Reform On The Brink: John McCain will support Senate bill McCain Support Bolsters GOP Hopes for Tax Overhaul Bank stocks are getting a boost as the Senate nears vote on tax reform GOP Tax Bill Hits Snags In Senate Over Deficit Concerns Senate Suspends Bill Votes to Friday Morning For the GOP This Tax Bill is Fiscal Hypocrisy Bigger Deficits for Bad Tax Cuts Is a Bad Deal Why it’s such a big deal the Senate tax bill would add $1 trillion to debt Fact Check: Trump Sells Tax Plan With False Claims FactCheck: Republicans are selling the Senate tax bill with two big pieces of misinformation Will the GOP tax bill cost Donald Trump 'a fortune'? Trump FactCheck: "For years, they have not been able to get tax cuts -- many, many years, since Reagan." FactCheck: Trump and the New Tax Bill Senate Tax Plan Won't Pay for Itself, Analysis Says There's an Increase Hiding in the Republican Tax Cuts Here's how the Senate tax bill affects people earning less than $100,000 Here's what the Senate Republicans' tax plan means if you're making $25,000, $75,000, or $175,000 a year Senate tax drama enters potentially chaotic 'vote-a-rama' on amendments Senate Republicans are about to overhaul the tax code, and they don’t know what’s in their bill yet Rex Nutting: The tax cut’s fatal flaw: Companies don’t need a bailout Why Congress is giving cash-flush corporations more cash Business profits back near all-time high as Congress poised to cut corporate taxes Donald Trump’s tax plan is nothing more than ‘a kiss to the donor class’ Historian: Tax Bill Straight Out of 1929 An 11th-Hour Raid by the Wealthiest Baby Boomers GOP college endowment tax won't just hurt the Ivy League The GOP tax plan is a 'catastrophe' that'll make inequality 'materially worse' Something very stupid is happening in the Senate right now The GOP must choose between faith and evidence in tax-cut vote Republicans are scrambling to make gigantic last-minute changes to their tax bill that could include future tax hikes GOP Tax Plan Could Hit Students Hard AARP: Millions of Older Americans Could See Higher Tax Bills Tax Bill's New Math Could Be Toxic for More Junk-Rated Companies We're All in Kansas Now For Multinationals, the Tax Bill’s Good Likely Outweighs the Bad Senate delays tax bill vote as setback hits in final hours Dear colleagues: You responded, but we have more questions about your tax-cut analysis Items in GOP Tax Bill That Will Surprise You Senate Rushes to Meet Tax Holdouts Demands Senate GOP’s Tax ‘Trigger’ Draws Scorn From Economists Senate Republicans Struggle to Salvage Their Tax Bill
(DBN)

After letter from Senator Warren, Treasury looking into a Mnuchin-touted analysis of GOP tax bill that may not even exist Treasury Watchdog Probes Mnuchin's Missing Tax Analysis
(DBN)

After taxes, here’s the next big Trump-fueled investment theme
(DBN)

Obama, Clinton Failed the Middle Class Too
(DBN)

The Tax Bill Is a Health Bill GOP may have no choice but to try health care again after taxes
(DBN)

Chicago PMI "Softens" in November
(DBN)

Tillerson, Kushner, and Cohn look ready to leave the Trump administration after tax cuts
(DBN)

Rubio: Next Up We Slash Social Security and Medicare GOP senator says tax cuts must be followed by 'structural changes to Social Security and Medicare'
(DBN)

China Inflames U.S. Ire in Steel Dispute
(DBN)

Canada on US NAFTA Demands: Take & Take
(DBN)

How much it costs to get a haircut in cities around the world, in two charts
(DBN)

The US Economy Hits a Sweet Spot
(DBN)

World economy growing faster than in years, but not for long
(DBN)

Trump slump? International travelers visiting US down 4 per cent
(DBN)

State-by-state cost of illegal immigration in the U.S., in one chart
(DBN)

CBO: Government Could Run Out of Cash by Spring Unless Debt Ceiling Is Raised
(DBN)

Hotel Occupancy Rate Increased Year-over-Year, On Pace for Record Year
(DBN)

5 ways the U.S. workforce has changed, a decade since the Great Recession began
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Fannie Mae: Mortgage Serious Delinquency rate unchanged in October
(DBN)

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Municipalities:

GOP tax bill would crush Puerto Rico's already devastated economy, Governor says
(DBN)

The Puerto Rican Exodus to Central Florida Central Florida Already Struggled to Provide Health Care and Affordable Housing. Then Hurricane Refugees Poured In
(DBN)

Orlando Rep. Darren Soto and others push for legislation to revitalize Puerto Rico, Virgin Islands
(DBN)

Bureaucracy, economic woes, logistics slow return of electricity in Puerto Rico
(DBN)

The Long and Winding Road to a Haircut
(DBN)

How Hedge Funds Hurt Puerto Rico
(DBN)

The Windy City is using complex bonds to delay a financial reckoning and avoid cleaning up its fiscal mess Chicago's Latest Financing Tool Protects Investors, Leaves Taxpayers On The Hook
(DBN)

MI: Bills proposed to address underfunded pension, health plans
(DBN)

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Oil/Gas:

OPEC and Russia reportedly agree to extend oil production cut to end of 2018 OPEC Agrees to Limit Oil Output Through 2018 Here’s what OPEC’s extended oil-production cuts mean for the market
(DBN)

Porsche is Betting on an Electric Future
(DBN)

Maduro: Venezuela could cut off its oil sales to the US
(DBN)

U.S. Shale To Surge After OPEC Extension
(DBN)

MIT Study Suggests US Vastly Overstates Oil Output Forecasts
(DBN)

Could All of the World's Cars Be Electric?
(DBN)

Goldman Says Oil Market’s Too Jittery
(DBN)

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Currency:

Bitcoin plunges 20% from its high Bitcoin investors beware: The IRS wants its cut and you may not know it
(DBN)

Fed's Quarles warns of 'serious financial stability issues' from bitcoin and other cryptocurrencies
(DBN)

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Healthcare:

Governors to Congress: Pass CHIP already
(DBN)

He Took Opioids To Manage His Chronic Pain. When His Doctors Took Them Away, He Didn’t Want To Live Anymore
(DBN)

Gallup: Support for Government-Run Health System Edges Up U.S. Healthcare Quality Ratings Among Lowest Since '12
(DBN)

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Media:

Gawker Media: Hulk Hogan Body Slams Company Into Bankruptcy And Court Pins
(DBN)

Thiel's Money Can't Stop Probe of Gawker Imbroglio, Judge Rules Gawker Liquidator Defeats Efforts To Undercut Thiel Probe
(DBN)

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Yoga:

Bikram hot yoga bankruptcy should be dismissed -U.S. Trustee Bikram Yoga seeks to revive chain after wave of lawsuits -lawyer
(DBN)

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Guns:

Is This Major Gun Maker About to Go Bankrupt?
(DBN)

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Food/Beverage:

Restaurant Performance Index Down MtM In October, Fourth Consecutive Decline
(DBN)

Chapter 11 Closed, Quaker Steak & Lube Gets Back on Track
(DBN)

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Aviation:

Bankrupt Zetta Jet Closes After Judge Nixes Financing
(DBN)

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New Bankruptcy Opinions
(2 new opinion today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (8 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (19 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 Rules:

BK ED PA: Your Guide to the Top Nine New Local Bankruptcy Rules
(DBN)

Rule Change for the Central District of CA: New Signature Requirements
(DBN)

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Insurance:

Florida regulators take over insolvent workers comp insurer
(DBN)

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Exemptions:

Trustee’s Avoidance of Transfer by Chapter 7 Debtors Does Not Necessarily Preclude Debtors from Claiming an Amended Exemption
(DBN)

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UCC:

When Worlds Collide: Article 2 of the Uniform Commercial Code and Chapter 11
(DBN)

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Fiduciary Duty:

Fifth Circuit Affirms Dismissal of Claims Relating to Pre-Petition Payments to D&O’s
(DBN)

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Professional Employment:

Forum Selection Clause in an Unsigned Pre-Petition Engagement Letter is Binding on Chapter 11 Trustee.
(DBN)

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Retailing:

Sears' narrower loss sends stock soaring, but sales mark sixth year of declines Sears Loses Another $558 Million as Tailspin Continues Another disastrous quarter for Sears Sears sees more small stores in its future. Here's what that would look like Sears narrows loss but sales tumble for 24th straight quarter
(DBN)

Toys 'R' Us Under Fire For Bonuses During Bankruptcy
(DBN)

Costco shares jump more than 3% after surprisingly strong November sales
(DBN)

Don't Forget About The Retail Apocalypse
(DBN)

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Autos:

Tesla's Production Problems Are The Company's Achilles' Heel
(DBN)

GM to launch autonomous cars in big cities sometime in 2019 The Associated Press 27 Mins Ago
(DBN)

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Ethanol:

EPA maintains biofuel quotas for 2018
(DBN)

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Electricity:

Electricity Prices Plummet as Gas, Wind Gain Traction and Demand Stalls
(DBN)

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Travel:

American Airlines says 'a few hundred' flights without pilots for next month American Airlines: Reports Were Premature - We Have Not Canceled A Single Holiday Flight'
(DBN)

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Solar:

Solar Panel Maker Pushing for US Tariffs Mulls Sale Offers
(DBN)

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Marijuana:

Sessions Suggests DOJ May Target Recreational Marijuana
(DBN)

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Radio:

Cumulus Media petitions to lower debt in bankruptcy filing
(DBN)

What's Next in The Cumulus Bankruptcy ?
(DBN)

iHeart Creditors Reject Another Offer From Company as They Push for Chapter 11
(DBN)

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Education:

The GOP tax bill could be a shot across the bow at schools Republicans consider liberal
(DBN)

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Taxis:

Here’s how much Uber drivers really make
(DBN)

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UK:

Brexit Cost Rises as Britain Retreats on Divorce Demands
(DBN)

There’s Gold in Them Thar Employee Benefit Trusts … Fool’s Gold
(DBN)

'It pays to be paranoid': A senior Bank of England official is sounding the alarm on the UK's debt
(DBN)

This chart shows how many banking jobs are at stake in the City after Brexit
(DBN)

RBS is cutting 259 British branches and axing 680 jobs
(DBN)

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PIIGS:

Greece plans two or three bond offerings in first half of 2018
(DBN)

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India:

Different treatment likely for SMEs facing insolvency
(DBN)

India's new bankruptcy code takes aim at delinquent tycoons
(DBN)

‘Employees and even tea vendors can invoke IBC to find redress’
(DBN)

Lenders to block insolvency suit against Reliance Communications
(DBN)

Insolvency and Bankruptcy Code paints all promoters with same brush
(DBN)

Banker Jail Time Fears Ease, Helping Solve Indian Bad-Loan Mess
(DBN)

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Turkey:

Mediation In Insolvency
(DBN)

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Brazil:

New CEO of Brazil's Oi to adopt a conciliatory tone in creditor talks
(DBN)

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Venezuela:

Venezuela creditors meet with Rotshchild, Cleary in London-sources
(DBN)

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Germany:

Lufthansa offers to sacrifice routes to save Air Berlin deal - source
(DBN)

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Copyright 2017