December 12, 2017

The Daily Bankruptcy News

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Law:

Great Bonuses At A Great Trial Firm
(DBN)

Another Firm Stiffs First-Year Associates On Bonuses
(DBN)

Associates Don’t Deserve Bonuses Argues Woman Who Isn’t An Associate
(DBN)

Boutiques Aim to 'Blow the Lid Off' With Associate Bonuses
(DBN)

Santa Clause On Trial
(DBN)

And The Legal Technology Word Of The Year Is …
(DBN)

Law Firms Expanded Diversity Efforts: Diversity & Inclusion in the Legal Industry
(DBN)

7 Tips For Outside Legal Resources
(DBN)

20 Questions Answered About The Bar Exam
(DBN)

3 Reasons To Stay In Touch (And Thus Generate Business)
(DBN)

SCOTUS Oral Arguments Suggest That America’s Sports Betting Ban Could Soon End
(DBN)

Explosive detonates near New York City's Times Square in 'attempted terrorist attack,' suspect in custody • Family of Port Authority bombing suspect is ‘outraged’ at investigators’ tactics • Port Authority attack suspect: What we know about Akayed Ullah • NYC suicide bombing suspect was cab driver bent on revenge • Trump: Failed New York City bombing shows why Congress needs to pass my immigration agenda
(DBN)

Mueller zeros in on Flynn's final days in White House, suggesting obstruction case: NBC • CNN Walks Back Jeff Sessions-Russia Bombshell • The Partisan, Nihilist Case Against Robert Mueller • Story: Trump Told Flynn to Lie to the FBI • Pirro: Mueller & Company Should be Jailed • Even Lindsey Graham Shoots Down Trump Lawyer’s Claim About Obstruction of Justice • Fmr White House Attorney: FBI Email Undermines Jeff Sessions’ Story About Foreign Contacts • Jailed Russian hacker: I hacked Democrats 'under the command' of Russian intelligence agents
(DBN)

Trump lawyers want second special counsel appointed now
(DBN)

America is Headed for a Constitutional Crisis
(DBN)

Trump harassment accusers demand Congress investigate as lawmakers resign • President Trump’s harassment accusers are ready for Round 2 in the age of #MeToo — and want to be heard this time • Trump thinks the #MeToo movement is “spinning out of control” • 'What Am I Going to Sue Him for Being Really Creepy?': Trump Accusers on Why They Won't Sue • Reporters repeatedly confront White House press secretary about harassment allegations against Trump • Trump: my female accusers are telling "fabricated stories" • Report: Trump furious Haley said his accusers "should be heard" • White House says Trump accusers' "false claims" are politically motivated • Sen. Gillibrand says Trump should "immediately resign" • White House repeats that allegations against Trump "answered" in election • United Airlines CEO calls for 'zero tolerance' of harassment after flight attendant union comments • GOP Sen. Cassidy: Democrat Al Franken 'was clearly drummed out' without due process • Ex-GOP governor stuns with call for Franken to keep job after ‘absence of anything resembling due process’ • Chef Mario Batali takes leave after allegations of harassment • Mario Batali's Apology Just Made Harassment Claims Against Him a Whole Lot Worse • Larry King Accused Of Groping • NBC News execs under fire for Lauer investigation • New Yorker cuts ties with Ryan Lizza over alleged misconduct • NFL Harassment Suit Alleges Groping by Top Executive, Ex-Players • 25 powerful men in politics and media accused of misconduct in the wake of Harvey Weinstein • Longtime NPR Host Tom Ashbrook Is Facing Misconduct Allegations • Precedent May Be The Biggest Harasser Of All
(DBN)

Pentagon to allow transgender people to enlist in military • Transgender Recruits Can Enlist in Military, Judge Says
(DBN)

Trucker runs over disabled wife in argument over 'infidelity'
(DBN)

Louisiana man admits misusing Trump's Social Security number
(DBN)

Couple busted for lying to Chicago cops about knife-point robbery by black man who ‘looked like Fat Albert’
(DBN)

Supreme Court Won’t Tackle Sexual Orientation Bias Issue
(DBN)

Supreme Court Won't Review Lawyer's Stock Fraud Conviction
(DBN)

Men accused of Kansas mosque bombing plot demand Trump voters on their jury: report
(DBN)

Sleeping jurors dismissed in two recent federal trials; are attention spans shorter?
(DBN)

CBS develops comedy based on law school experiences of Dr. Phil’s son
(DBN)

Real Life Epilogue to "Making a Murder"
(DBN)

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Judges:

More Women Acknowledge Judge Kozinski’s Behavior Was An ‘Open Secret’ • Farewell Judge Kozinski
(DBN)

State appeals judge resigned as he reportedly faced harassment and bias allegations
(DBN)

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Wall Street:

Dow industrials catch their breath with Fed meeting set to start
(DBN)

US stocks close modestly higher; S&P 500, Dow hit new highs
(DBN)

Stocks to take a 'breather' in 2018, says Wharton's Jeremy Siegel
(DBN)

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Layoffs:

Amazon has sharply curtailed hiring in Seattle as it seeks second headquarters
(DBN)

Seagate to cut another 500 jobs
(DBN)

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Currency:

Bitcoin surge prompts legal bid to remove Mt Gox from bankruptcy
(DBN)

UBS: Cryptocurrencies like bitcoin are ‘the bubble to end all bubbles’ • BlackRock exec on bitcoin: 'We are seeing bubble-like valuations'
(DBN)

Bitcoin Is a Bit of a Miracle at Any Price
(DBN)

Four lies about bitcoin futures that stock investors need to know
(DBN)

Bitcoin shorts face massive losses if Winklevoss’s call hits the mark
(DBN)

People are taking out mortgages to buy bitcoin
(DBN)

What's the Value of Bitcoin? Who Knows
(DBN)

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Nuclear:

Bankrupt Westinghouse says bids for assets in sight
(DBN)

Utility offers abandoned nuclear site to state agency
(DBN)

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Newspapers:

Boston Herald Bankruptcy Status • 'Boston Herald' Files for Bankruptcy, Pensions in Question After Pending Sale
(DBN)

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Guns:

Is Remington Arms on the Verge of Filing for Bankruptcy ?
(DBN)

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Fraud:

Lawyer For Madoff Victims Says DOJ Skipped Him During $4B Payback Process
(DBN)

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Turnarounds:

Turnarounds Need Love, Too
(DBN)

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Student Debt:

U.S. not granting loan relief to defrauded students -inspector general
(DBN)

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Hotels:

W.Va. Tax Department wants Mountain Blue Hotel Group's bankruptcy case venue changed
(DBN)

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Celebs:

Abby Lee Miller’s Life in Prison For Bankruptcy Fraud: Find Out What’s on Her Day-to-Day Meal Plan
(DBN)

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Autos:

‘People are freaking out.’ Will electric vehicles doom your neighborhood auto mechanic?
(DBN)

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Education:

GOP Tax Plan Darkens Colleges’ Financial Outlook
(DBN)

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Travel:

Woman Restrained By Passengers On Southwest Flight After Threatening To Kill Everyone
(DBN)

Why the Trump administration has enraged flyers across America
(DBN)

New York is the most expensive city in the world for business travel
(DBN)

Flying? Here's the New TSA Screening Rules
(DBN)

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Corporate Reform:

Trump Takes Credit for Killing Hundreds of Regulations That Were Already Dead
(DBN)

Consumer Advocates File in Support of Acting CFPB Director Leandra English • Judge in CFPB Leadership Case Sets Swift Court Schedule
(DBN)

The #Resistance Is 'Creating a Genuine Constitutional Crisis at the CFPB'
(DBN)

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Economy:

Inflation jumps to its highest level in nearly 6 years, hitting 3.1%
(DBN)

Here’s why the Fed will hike interest rates
(DBN)

Jerome Powell won’t mess up the strong economy he’s been dealt • Trump has unprecedented power to remake the world’s most powerful economic body
(DBN)

Americans are drowning in debt. Here’s where they have it the worst • Average US household owes $15,654 in credit card debt
(DBN)

Sen. Chuck Grassley highlights the problems the GOP tax bill still faces • House tax bill adds $1 trillion to deficit over 10 years, official analysis finds • Manufacturing CEO survey shows record high optimism on prospect of tax reform • Even Mnuchin’s Treasury Department says Republican tax plan won’t pay for itself • 4 Problems with Treasury Claiming the Tax Cuts Will Pay for Themselves • Trump administration explains details of how tax plan would pay for itself, immediately gets attacked for assumptions • Treasury's $300B Boost From Senate Tax Bill Disputed • In Order To Prove That He Analyzed His Own Tax Plan, Steve Mnuchin Releases One Page Analysis Proving That He Didn’t Analyze His Own Tax Plan • Larry Summers says Republican tax plan not what is needed, doubles down on ‘sugar high’ prognosis • Summers on Mnuchin's Tax Study • Trump may get tax cut bill with more generous credits for illegal immigrants • Small investors face steeper tax bill under Senate proposal • GOP Tax Bill Could Trigger Financial Crisis • Tax Bill's Biggest Cuts May be Living Standards • World leaders think Trump's tax overhaul is dangerous, and they're getting ready to fight back • Europeans Tell Mnuchin the GOP Tax Plan May Break Treaties, Hurt Trade • Why the Tax Bill's Errors Won't Be Fixed • The 105 Percent Tax Rate Lurking in the Senate Bill • Amid rush to finish tax bill, a sudden slowdown for second thoughts
(DBN)

Senate Republicans are divided over whether to pursue Medicare cuts in 2018
(DBN)

Bill Gates credits this book with giving him a better understanding of American poverty
(DBN)

A bitcoin crash, a burst housing bubble — giant bank sees 30 risks to markets for 2018
(DBN)

Who Broke the Economy?
(DBN)

America's homeless population rises for first time in years
(DBN)

Prime Working-Age Population nears 2007 Peak
(DBN)

Maersk is Cautious on World Trade
(DBN)

Here’s what’s threatening the dollar in 2018
(DBN)

Why Americans are going to be financial disasters in 2018
(DBN)

World Trade Going Through a Seismic Shift
(DBN)

Meanwhile, Down At The Carrier Factory
(DBN)

Shutdown risk spikes as Congress faces another December deadline
(DBN)

How NAFTA transformed Mexico's food economy
(DBN)

Trump May Actually Be Right About the Trade Deficit With Canada
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

There’s not enough homes for sale — here’s who to blame
(DBN)

This Map Shows Where Millennials are Buying Houses (and for How Much)
(DBN)

Report: Firm buying Revel casino for $200M; Straub denies it
(DBN)

Trump Fact Check: "Black homeownership just hit the highest level it has ever been in the history of our country."
(DBN)

Woodbridge Committee Formation Meeting Scheduled for 12/14/17
(DBN)

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Municipalities:

Don’t expect debt payments from Puerto Rico any time soon
(DBN)

How to fix Puerto Rico's power system
(DBN)

Puerto Rican Officials Demand Equality Over Tax Reforms
(DBN)

Hartford leaders take step in attempt to save city from bankruptcy • City Council Approves Hartford's Bid For State Oversight
(DBN)

Village of Laurel Run operator files for bankruptcy
(DBN)

No Easy Fix For Chicago's Debt Dereliction
(DBN)

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Oil/Gas:

Brent crude oil hits 2½-year high on major pipeline outage • Energy stocks climb as Brent tops $65 a barrel • Crack in U.K. Oil Pipe Roils Crude Trading From U.S. to Asia
(DBN)

A collapse in oil prices is coming
(DBN)

Seadrill bondholders propose alternative debt restructuring -sources
(DBN)

Moody's sees slow recovery continuing in 2018 for energy producers
(DBN)

Canada’s Oil Capital Turns to Amazon and Airlines to Make Up for Price Plunge
(DBN)

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Politics:

Roy Moore's wife: We can't be anti-Semitic, because 'one of our attorneys is a Jew' • Republican National Committee official quits over the group’s support of Senate candidate Moore • Poll shocker? Fox News survey shows Roy Moore losing to Democrat in Alabama • Secret Super PAC Backed Jones in Alabama • What The Hell Is Happening With These Alabama Polls? • Why the Alabama Senate election is so unpredictable • Fake news in the Alabama Senate race surges before election Fake news in the Alabama Senate race surges before election • Firm convictions, uneasiness at churches before Senate race • Can Charles Barkley Stop Roy Moore Getting Elected? • A nation watches on eve of toxic Alabama Senate election • Roy Moore's Disappearing Act • Trump Urges Alabama to Vote Moore, Discrediting Accuser's Lawyer • Roy Moore supporters make a final push for votes in a grueling Alabama special election • Veterans are unloading on Roy Moore's comments about military service • Roy Moore's Final Stand
(DBN)

Trump governs like Nero, appeasing the masses with bread and tweets
(DBN)

Supreme Court accepts second case on partisan gerrymandering
(DBN)

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Weather:

California wildfires now larger than New York City and Boston combined • An illusion of paradise up in smoke • Incredible satellite photos of Southern California's wildfires show the disaster's evolution from space • The inferno that won't die: How the Thomas fire became a monster • New evacuation orders issued for Carpinteria and Montecito as Thomas fire again rages out of control • Ash falls like snow as celebrities flee • Employer Responsibilities Mount as California Fires Rage
(DBN)

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Media:

Ex-Gawker employees launch crowdfunding drive to buy website • Gawker superfans raising money to buy site out of bankruptcy
(DBN)

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Toys:

Struggling Mattel warns of slumping holiday sales as debt ratings are cut
(DBN)

Mattel Bonds Tumble on Guaranteed Debt Roll-Out, Ratings Downgrades
(DBN)

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Pharma:

PhaseRx To Voluntary File For Chapter 11 Bankruptcy Protection - Quick Facts • PhaseRx Commences Voluntary Chapter 11 Bankruptcy Protection Proceeding • PhaseRx Investors Run for the Hills Following Bankruptcy News
(DBN)

Paying for Drugs w Insurance, costs more than paying cash
(DBN)

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Mass Torts:

Attorney blasts Barry Cadden, wife: ‘Do you have no shame?’
(DBN)

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Brokers:

Global Brokerage files for Chapter 11 bankruptcy in New York • Global Brokerage Prepack Bankruptcy Filing • Global Brokerage Proceeds with Bankruptcy Voting Creditors Support Plan
(DBN)

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Healthcare:

At least 26 nonprofit hospitals at risk of bankruptcy : 5 things to know
(DBN)

Senior Care Group Bankruptcy Expands to Four More Properties
(DBN)

Hospital Consolidation Is No Panacea • There’s a medical ‘land grab’ underway as hospitals try to get larger
(DBN)

For the first time, more Americans say 2010 health care law has had a positive than negative impact on U.S.
(DBN)

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Mining:

Cleveland-Cliffs purchases mineral leases after Chippewa misses bankruptcy emergence
(DBN)

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Corporate Governance:

Want More Women on Boards? This Stat Helps
(DBN)

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New Bankruptcy Opinions
(7 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (34 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (18 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:

Weekly Bankruptcy Claims Trading Activity
(DBN)

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Bankruptcy Crimes:

Kent Lindemuth, Topeka businessman, acquitted on all 114 charges, including 100-plus on bankruptcy fraud
(DBN)

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Estoppel:

When Product Liability Claims Are Hidden From Bankruptcy
(DBN)

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Tax:

Trust Fund Tax: Responsible = Liable (?)
(DBN)

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Automatic Stay:

11th Cir. Rejects Challenge to Debtors’ Ability to Recover Attorney’s Fees in Stay Violation Actions
(DBN)

11th Circuit adopts broad reading allowing attorneys fees under §362(k)(1)
(DBN)

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Bankruptcy Rules:

Revisions to the Federal Rules of Evidence and Appellate, Civil, and Bankruptcy Procedure Effective December 1, 2017
(DBN)

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Interest:

Cramdown Interest 101
(DBN)

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Fiduciary Duty:

Fiduciary Duties in Bankruptcy and Insolvency
(DBN)

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Appeals:

SCOTUS: Only Appeal Filing Deadlines Prescribed by Statute are “Jurisdictional”
(DBN)

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Reclamation:

"Stuff I Didn't Know": Vendor’s Right to Reclaim
(DBN)

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Bankruptcy Fees:

Amended Chapter 11 Quarterly Fee Schedule
(DBN)

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Professional Compensation:

Special Counsel Violates Code and Rules by Failure to Disclose Fee Agreements
(DBN)

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Trustees:

BK NE Seeks Ch. 7 Trustee
(DBN)

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Retailing:

Retailers brace for surge in online orders by drawing shipping deadlines earlier
(DBN)

Retail Chain Charming Charlie Seeks Bankruptcy Protection • Houston-based Charming Charlie files for bankruptcy protection • Charming Charlie files for Chapter 11 bankruptcy • Charming Charlie Reaches Agreement with Majority of Term Loan Lenders On Terms of Comprehensive Financial and Operational Restructuring • First Day Dec • First Day Dec (2)
(DBN)

Only the Brave Could Call Steinhoff Debt and Equity Cheap
(DBN)

GNC's Miss on Debt Deal Leads Fitch to See Restructuring
(DBN)

America's malls are rotting away
(DBN)

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Radio:

iHeartCommunications Tells SEC It's 'Exploring Possible Private Capital-Raising Transaction'
(DBN)

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Awards:

Weil Partner Named 2017 Bankruptcy MVP
(DBN)

MVP: Skadden's Jay Goffman
(DBN)

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Pensions:

Don't Make Taxpayers Bail Out Pension Plans
(DBN)

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Solar:

Sunny outcome in solar bankruptcy
(DBN)

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Food/Beverage:

'Soup Nazi' company's former CFO pleads guilty to tax evasion
(DBN)

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Insurance:

Key D&O Insurance Policy Wording Issues and Coverage Concerns
(DBN)

Florida guaranty association taking over insolvent comp insurer’s claims
(DBN)

Maximizing D&O Insurance Recoveries in Insolvency
(DBN)

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UK:

English recognition for Agrokor insolvency: not a tick-box exercise
(DBN)

'Pretty bleak': British firms are more pessimistic about hiring workers than any point in 5 years
(DBN)

Fears Grow Across the Atlantic on Brexit
(DBN)

Brexit: London to Lose 10,000 Jobs on Day One
(DBN)

Britain Opts for "Brexit in Name Only"
(DBN)

Insolvency Service accused of ‘witch trial’ against Camila
(DBN)

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PIIGS:

Greece: Still in the Woods
(DBN)

Let’s talk about everything but the obvious, writes former finance minister of Greece: class warfare
(DBN)

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Canada:

Insolvent within 10 years: Dire warnings continue for N.L.'s fragile economy
(DBN)

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MENA:

Saudi Shoura Council approves draft bankruptcy law
(DBN)

EU Rejects Jerusalem as Israel's Capital
(DBN)

Saudi Arabia is reportedly planning to hike petrol prices by 80%
(DBN)

Detained Saudi billionaire Al Sanea seeks to end debt dispute
(DBN)

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India:

FDRI Bill: Public Bank Deposits Will Be Protected, Says Arun Jaitley
(DBN)

Insolvency and Bankruptcy Code- Background And The Road Ahead
(DBN)

SC expresses displeasure over NCLT order suspending Unitech directors • Unitech, Jaypee saga: Time and again, Supreme Court has been the savior of distraught homebuyers • Unitech's fate is a lesson for India's reckless real estate companies
(DBN)

Anxious wait for defaulters
(DBN)

Failure of a Creditor to Submit a Claim in an Insolvency Process
(DBN)

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Japan:

When Will Japan's Debt Crisis Implode?
(DBN)

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Australia:

Restructuring Law Reform in Australia – Paving the way for a ‘Rescue Culture’
(DBN)

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