December 14, 2017

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:

Will Individualized Bonuses Be A Boon For Sidley Associates?
(DBN)

Another Litigation Boutique With Market-Beating Bonuses
(DBN)

Amid Law Firm Merger Boom, 'Transformational' Talks on the Rise
(DBN)

In 2018, Law Firms Will Face Greater Challenges Than Slow Growth
(DBN)

Big Law Looks On as 'New Law' Gets Closer to Clients
(DBN)

In Alabama Senate Race, Big Law Backed a Winner Meet the lawyer who won Alabama’s Senate election
(DBN)

ABA asks Congress to include law firms in pass-through tax relief
(DBN)

Law Partners, You're Probably on Facebook, Associates Probably on Instagram
(DBN)

Dentons Names Chief Innovation Officer
(DBN)

These 7 law schools may be the most underrated
(DBN)

Troubled Law School Loses Restraining Order Bid Against ABA Over Admissions Practices Cooley Law School loses request for temporary restraining order in lawsuit against ABA
(DBN)

Law School Gets Slapped With Negative Outlook By Credit Rating Agency
(DBN)

How Prestige And Rankings Can Help Law Schools Avoid The Same Fate As The 12% Of Dental Schools That Closed In 1986-1997
(DBN)

How To Make Money From Holiday Networking Events
(DBN)

Improv, Golf Lessons All in a Day’s Work at This Firm
(DBN)

Alabama Secretary Of State Has Curious Recollection Of Civil Rights Movement
(DBN)

Meryl Streep on Weinstein: If more women were in leadership 'the shenanigans wouldn't have occurred' Dem congresswoman says revealing clothing invites sexual harassment Salma Hayek comes forward with Harvey Weinstein allegations 'I will kill you, don’t think I can't' Harvey Weinstein Is My Monster Too Weinstein Responds to Salma Hayek's 'Frida' Claims Roger Smith: Haley Knifed Trump in Back The $5 Million Surrogacy Offer And Disgraced Politician Trent Franks PBS suspends "Tavis Smiley" for misconduct Ex-Farenthold aide shares new details of vulgar and abusive behavior Russell Simmons Accused By 3 Women Democratic congresswoman suggests female colleagues invite harassment because of the way they dress Joe Biden: I Owe Anita Hill an Apology Kentucky lawmaker kills himself amid misconduct investigation The Politics of #HimToo NHL star's wife says Trump was "aggressive" with her in an elevator
(DBN)

Deputy attorney general says no cause to fire Mueller Rosenstein says he wouldn’t agree to fire Mueller; calls mount for a second special counsel Fox News legal analyst blows up GOP’s conspiracy theory about FBI agent’s anti-Trump text Trump Jr. Has Marathon Nine Hour Interview Over Russia Trump Legal Duo Seek to Leverage Long-Standing Ties to Mueller
(DBN)

‘Pay Or Die’: Hitman Email Scam Shocking The Most Seasoned Police Investigators
(DBN)

Personal injury lawyer reportedly spends $4M on son’s birthday party Lawyer Spends $4 Million On Son’s Birthday Party
(DBN)

NFL Fan Sues Team Over Athletes’ Protests
(DBN)

Barnes & Thornburg Atty Suspended For Billing Misconduct
(DBN)

Trump team newly supports ex-Sheriff Joe Arpaio
(DBN)

Doctor Confesses To Burning His Initials Into Livers Of Transplant Patients
(DBN)

Ex-law student convicted of forging ‘not guilty’ verdict slip accused of falsely claiming law degree
(DBN)

______________

Judges:

Kozinski: There are likely several more stories to come He Made Us All Victims and Accomplices What's Next After the Kozinski Allegations? Here's How Courts Handle Misconduct Claims Let's Talk About Kozinski's Victim: Heidi Bond Breaking the law clerks’ code of silence: the misconduct claims against Judge Kozinski On Judge Kozinski & Open Secrets
(DBN)

If You Want To Be A Supreme Court Clerk It Helps To Have This On Your Résumé
(DBN)

Grassley says 2 controversial judicial nominees won’t be confirmed Trump Drops 1 Unqualified Judicial Nominee
(DBN)

Trump's race to remake federal courts proves divisive
(DBN)

Federal Judicial Nominee Flunks 'Motion in Limine' Definition at Senate Hearing
(DBN)

Senate Confirms Tweeting Texas Judge to Fifth Circuit Spot
(DBN)

Brett Talley Being Withdrawn: Good Night Sweet Prince, And Flights Of Ghosts Sing Thee To Thy Rest!
(DBN)

Trump Poised to Set Record for Appeals Court Judges
(DBN)

Judges, Law Clerks, and the Professors Who Recommend Them
(DBN)

How To Become A Supreme Court Clerk If You Attend A Lower-Ranked Law School
(DBN)

What Judges Are Saying About Oral Arguments
(DBN)

______________

Wall Street:

US futures rise after Fed raises rates; data, ECB decision looms
(DBN)

Dow trades 144 points higher after Fed raises rates
(DBN)

______________

Layoffs:

Part of everyone’s job will be automated in the next decade
(DBN)

______________

Politics:

This one chart shows how Roy Moore lost in one of the deepest-red states in America Roy Moore won’t concede after underdog Democrat wins Alabama election The Alabama upset gives Democrats a path to reclaim the Senate and House Alabama election's real winners and losers Most White Women Voted for Roy Moore Roy Moore refuses to concede day after losing to Democratic rival in Alabama Senate race Roy Moore rails against US 'immorality' in 4-minute YouTube video After surprise victory in Alabama, Democrats want to capitalize on anti-Trump momentum across the country Did Democrats Get Lucky in Alabama? The Republicans’ Problem Is Bigger Than Alabama Write-in votes played a role in Doug Jones' victory over Roy Moore and Nick Saban may have been a big factor The Price Black Voters Paid to Defeat Roy Moore Alabama reminds America to have a little faith in American voters The Best Reactions to Roy Moore’s Loss
(DBN)

Alabama Demands Voter IDs, so They Closed Their DMV Offices
(DBN)

Omarosa Manigault throws tantrum, has to be escorted from White House after chief of staff fires her Report: Omarosa tripped White House alarms after being fired
(DBN)

Trump approval at lowest ever after losing support from women Trump is in a massive political slump
(DBN)

Trump's Democratic surge: the numbers that rattle Republicans
(DBN)

Facing Senate rejection, controversial pick to head EPA chemical office bows out
(DBN)

Sarah Huckabee Sanders Trolls Press With 'Piegate'
(DBN)

David Cameron says Trump's 'dangerous' campaign against fake news masks the real enemy: Russia
(DBN)

White House Contradicts Tillerson on NKorea Talks
(DBN)

______________

Currency:

Massachusetts regulator lists 7 dangers with bitcoin, calls it potentially ‘worthless’
(DBN)

Bitcoin futures rev up again, push past $17,500
(DBN)

Fed chief Yellen says bitcoin is a 'highly speculative asset'
(DBN)

Bitcoin: 'This is a casino, not an investment'
(DBN)

______________

Retailing:

Bankruptcies will continue to rock retail in 2018. Here's what you need to watch
(DBN)

PetSmart High Yield Debt Tumbles after 3Q Earnings Miss
(DBN)

Sears buys more time to pay a $400M loan
(DBN)

Retailer Charming Charlie Sees Future After Bankruptcy Charming Charlie closing 97 stores Charming Charlie : Bankruptcy Update Charming Charlie Chooses Chapter 11
(DBN)

Dollar Stores Remain Retail Success Story, Continue to Defy Online Disruption
(DBN)

Retail's November Job Gains Mask Decline In Store-Based Jobs, Rise Of E-Commerce Roles
(DBN)

______________


Economy:

Fed lifts U.S. interest rates and continues to foresee three hikes in 2018 The Fed maintains 2018, 2019 rate forecast Fed hikes its key interest rate again and sharply increases next year's economic growth forecast Fed raises rates a quarter point, hikes growth outlook for economy Here's what changed in the new Fed statement Fed boosts interest rates, mirroring confidence in economy Rate Hike to drive up cost of Borrowing on Credit Cards, Loans
(DBN)

Study: Half of U.S. Households Now Carry Credit Card Debt
(DBN)

American capitalism doesn’t work for all Americans, says Nobel Prize–winning economist
(DBN)

U.S. Economic Expansion Could Become Longest on Record
(DBN)

GOP leaders have a tax cut deal: 'We reached the agreement' GOP Tax Bill Details Here’s what’s in the Republican tax deal The Fed Isn’t the Tax Cut’s Enemy The Fed’s forecasts for the economy confirm what everyone already knows about the GOP tax cut plan Yellen Says Tax Changes Likely to Provide ‘Some Lift’ to Economy Trump says he would sign bill with 21 percent corporate tax rate Two GOP Senators Slam Tax Cuts for Rich, But How Will They Vote? Dow rises 150 points after House and Senate leaders reach tentative agreement on tax bill Trump: Americans will see 'bigger paychecks beginning in February' if GOP finishes tax bill by Christmas Gundlach: Tax plan could have some' unintended consequences,' hurt junk bond market Don't expect a postcard-sized tax return from the Republican plan, experts say How the rich are avoiding the 2018 tax hikes For Brokers, GOP Tax Bill Could Bring Upheaval and Job Switching Jamie Dimon says the GOP tax bill will create jobs Infamous ‘Grad Student Tax’ Left Out of Final GOP Bill It’s Good to Be the Boss: Owners Get a Bigger Tax Cut Than Employees Under GOP Plan Tax Plan's Giant Middle Finger to Middle Class Republican Tax Bill Overhauls Rules Many Were Counting On Tax-Reform Meeting Gets Ugly: 'When you create the manure, you have to walk in it'
(DBN)

Will the new tax plan mean the end of Social Security and Medicare as we know it?
(DBN)

Gaming the GOP Tax Plan: Why Deficits Could Rise Much Higher Than Expected
(DBN)

Gary Cohn: Raising Taxes on Cows
(DBN)

Trump: "We will never let bad things happen" to our economy
(DBN)

The Man Who Blew Up the Financial System
(DBN)

Goodnight, Sweet Janet
(DBN)

The debate over inequality
(DBN)

Ford Moves Sedan Production to China
(DBN)

Decade since recession: Thriving cities leave others behind
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

______________

Real Estate:

Serial Filings That Block a Creditor: Better Not to Obtain More Relief Than You Need
(DBN)

Financial strain in the forecast for many Americans as housing-related tax deductions vanish
(DBN)

Mortgage Equity Withdrawal as a Percent of Disposable Income Since 1980
(DBN)

Landmark downtown OKC tower set to be sold as part of bankruptcy
(DBN)

Robert Shapiro Resigns as Woodbridge Group Files for Bankruptcy
(DBN)

US Court Confirms Cal Neva Resort & Casino Purchase Will Take Place
(DBN)

____________

Municipalities:

How to Rebuild Puerto Rico
(DBN)

Are We Finally Going To Help Puerto Rico Power Up?
(DBN)

Puerto Rico’s Mass Migration Is Reshaping Florida
(DBN)

Puerto Rico Offers Investment Opportunities for the Prepared and Selective
(DBN)

Hurricane Irma was the most Googled event of 2017 — but for many, the disaster continues
(DBN)

This is what Puerto Ricans need from the government. Right now.
(DBN)

Exclude Puerto Rico From Tax Reform
(DBN)

Special Report: The bankrupt utility behind Puerto Rico’s power crisis
(DBN)

Gary emergency manager names new schools CFO
(DBN)

State to take over Muncie Community Schools
(DBN)

JPMorgan fund for Detroit entrepreneurs just tripled
(DBN)

______________

Oil/Gas:

Cobalt International Energy, Inc. Commences Chapter 11 Cases to Facilitate Restructuring
(DBN)

OPEC sees healthy oil demand in 2018, but now sees more US output growth OPEC oil production declined again in November U.S. Shale Output Rises As OPEC Production Falls U.S. Shale Sends OPEC Deal Back To Square One
(DBN)

U.S. shale ramps up, helps drive oil supply to highest in a year, says IEA US shale recovery will push oil market into a surplus early next year, IEA says The ‘Unknown Unknowns’ That Threaten U.S. Shale
(DBN)

Knight Energy emerges from Chapter 11 bankruptcy
(DBN)

Seadrill confirms receiving rival bids for its debt restructuring
(DBN)

New study links underweight babies to nearby fracking sites
(DBN)

______________

Climate:

Harvey's extreme rainfall due to climate change
(DBN)

Arctic Permafrost Thawing Fast
(DBN)

Massive California inferno keeps growing despite all-out battle
(DBN)

______________

Nuclear:

Bankruptcy judge dismisses Westinghouse creditors' restructuring plan U.S. court removes creditor hurdle to a Westinghouse bankruptcy plan
(DBN)

______________

Awards:

MVP: Weil's Matt Barr
(DBN)

______________

Newspapers:

Union will press Herald for pension contributions, severance pay
(DBN)

Judge approves Herald to continue business as usual
(DBN)

______________

Mining:

PolyMet offers $544M in financial assurances for mine costs
(DBN)

______________

Personal Finance:

Why debt can be so dangerous in retirement
(DBN)

How to wrangle a fast-talking car dealer
(DBN)

The 5 states where child care is least affordable
(DBN)

______________

Pharma:

Medicare to scrutinize prescription drug plans
(DBN)

______________

Taxis:

Stolen Car Used by Lyft Driver for 11K Miles
(DBN)

______________

Celebs:

Detroit Lawyer Turns in Rosa Parks Items in Bankruptcy Case
(DBN)

______________

Electricity:

Despite bankruptcy warning, SCE&G pressed to refund millions to customers
(DBN)

______________

 


New Bankruptcy Opinions
(5 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 (12 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)

______________

Avoidance Actions:

First Circuit Affirms Dismissal of Fraudulent Transfer and Fiduciary Duty Claims
(DBN)

______________

Professional Compensation:

UST After Attorney in Chapter 7 Cases for Disgorgement
(DBN)

______________

Third Party Releases:

SDNY Bankruptcy Court Rejects Non-Consensual Third-Party Releases
(DBN)

______________

Private Equity:

Private Equity Lender Forced to Defend Strict Foreclosure After Court Sustains Multi-Count Complaint
(DBN)

______________

Appeals:

Ninth Try Is a Charm for Lawyer Making First Oral Argument
(DBN)

______________

Education:

Report: House-Senate deal won't include grad student tax
(DBN)

Skyrocketing university president salaries paid for by student debt
(DBN)

______________

Healthcare:

Freedom Caucus chair says “most” oppose ACA subsidies, reinsurance
(DBN)

Why Do People Hate Obamacare, Anyway?
(DBN)

The states that are running out of CHIP funds
(DBN)

______________

Food/Beverage:

Struggling Subway now facing franchisee revolt
(DBN)

Biggest competition for Erie County Farms: Ghosts of the past
(DBN)

______________

Autos:

Insiders Claim Faraday Future Is On The Verge Of Bankruptcy
(DBN)

______________

Student Debt:

Student Loans, Bankruptcy and the Silence of Presidents
(DBN)

John Grisham: 'Day of reckoning' coming for student debt
(DBN)

U.S. Student Loan Crisis: The Bleak Rise of Debt
(DBN)

Nearly 5 Million Americans in Default on Student Loans
(DBN)

A Sudden Christmas Present for Defaulted Student Loan Borrowers?
(DBN)

Student who never attended told she owes $16K in loans
(DBN)

______________

UK:

English court recognizes Croatian insolvency proceeding, outlines factors to consider
(DBN)

The UK housing market is 'flatlining' while prices in London continue to fall
(DBN)

How to Avoid the Worst Possible Brexit
(DBN)

UK: Gov't Loses Key Brexit Vote on Rebellion
(DBN)

______________

EU:

The Death Of Europe’s Coal Industry
(DBN)

______________

PIIGS:

Deutsche Bank forecast: Greece will make it out of the crisis
(DBN)

______________

Canada:

Toronto Resident Charged With Bankruptcy Offenses
(DBN)

______________

Austria:

Niki files for insolvency after Lufthansa pulls bid Insolvency of Austrian airline Niki strands thousands Lufthansa drops bid for Niki, plunging Austrian airline into trouble German tour operators seek replacement flights after Niki grounding Talks with possible buyers for airline Niki to start on Thursday
(DBN)

______________

India:

Blanket ban on guarantors of stressed firms may go
(DBN)

Decoding the grey areas of Insolvency and Bankruptcy Code
(DBN)

India's top court halts govt takeover of Unitech management Unitech bankruptcy move leaves Kerala investors in the dark
(DBN)

Banks to drag 25 companies to insolvency as NPA overhang looms large
(DBN)

Mesco keen to buy struggling steel companies
(DBN)

Lenders keep Videocon, Jaypee out of insolvency process
(DBN)

Majority Requirement for Creditors’ Approval of Resolution Plan
(DBN)

Insolvency law panel seeks suggestions from stakeholders
(DBN)

______________

Brazil:

Brazilian telecom Oi reaches breakthrough with creditors
(DBN)

______________

China:

China Names and Shames Tech Tycoon With Debt Blacklist
(DBN)

China says it's cuttings its debts — here’s how that’s actually working
(DBN)

China Factory Output, Investment Slow Amid Pollution, Debt Curbs
(DBN)

______________

Indonesia:

Bankruptcy law, old wine in a new bottle
(DBN)

______________

Romania:

Fondul Proprietatea calls for Romanian Post's insolvency
(DBN)

______________

Venezuela:

Venezuelan Default Swap Bonds At 19.25 Cents On The Dollar
(DBN)

______________

MENA:

US to present 'irrefutable evidence' that Iran violated the nuclear deal
(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