December 15, 2017

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Here’s More Bonus News, You Salivating Dogs
(DBN)

UK: Slaughter and May hands out fat bonuses, hikes junior pay
(DBN)

Arnold & Porter To Award Cravath-Scale Associate Bonuses
(DBN)

Faegre Baker Daniels Names New Bankruptcy Partners
(DBN)

Trial of Martin Shkreli's lawyer interrupted by 'serious' claims about government official Ex-Katten Atty Trial Halted Over 'Career-Ending' Claims
(DBN)

Nelson Levine Ex-Chair Renews Plea for Partner Arbitration
(DBN)

4 In-House Counsel Who Fudged Their Credentials - With Disastrous Results
(DBN)

To Woo Clients, Big Law Defectors Find Strength in Numbers
(DBN)

A Plea For Holiday Civility
(DBN)

The Law Firm Disrupted: A Hitch in a 'New Law' Business Model
(DBN)

5 Things I Miss About Biglaw (Part 2)
(DBN)

Both Firms and In-House Feel Confident in Cyber Prep, but That Might Be Overconfidence
(DBN)

Virtual Law Firms - The Growing Pay-to-Play Business Model
(DBN)

The Gospel According to Alfred E. Neuman - Law Partners May or May Not Have Listened to Prophet of Relaxation
(DBN)

Ex-Radnor CEO Wants 3rd Circ. To Rethink Skadden Win
(DBN)

Sorry, Cooley Law, But You Can’t Hide Vital Information From Prospective Students Federal Court Chides Western Michigan-Thomas Cooley Law School For Seeking TRO To Block ABA's Release Of Letter On School's Noncompliance With Accreditation Standards
(DBN)

Some Charlotte School of Law students wrongly denied discharge of federal loans, NC AG’s office says
(DBN)

Law School Dean Puts Students In ‘Time-Out’ Before Allowing Them To Take Final Exam
(DBN)

A proposed limit on student loans for graduate education (other than medical) A Looming Asteroid For Law Schools: Proposed $28,500 Annual Federal Loan Cap
(DBN)

5 Legal Tips for a Safe and Happy Holiday Office Party
(DBN)

FBI Agent Scandal Even More Stupid Than Previously Known FBI agents spoke negatively about Democrats, too “Hillary Is Corrupt and Trump Is Crazy”: At the F.B.I., Anger at Being Scapegoated ‘Show your text messages during Benghazi’: Morning Joe rips GOP members undermining Mueller DOJ now says early release of FBI agents' private texts to reporters was 'not authorized' by the department Mueller Reviewing E-mails From Bannon-Linked Data Firm Doubting the intelligence, Trump pursues Putin and leaves a Russian threat unchecked Report: Trump never held a high-level meeting on Russian interference Trump still refuses to believe Russia interfered in the election Trump Dossier Claims Have Credibility, Says Former Spy Trump was reportedly offered a meeting with Putin one month after launching presidential bid Poll shows that 7 in 10 US citizens think Trump did something illegal, or at least unethical, with Russia Trump, GOP ignore issues with Russia, Putin
(DBN)

Accused Tavis Smiley Blasts PBS for 'So-Called Investigation'... 'This Has Gone Too Far' Dem Senator Admitted To Hitting Wife In Interview NYPD Opens Russell Simmons Probe Chief judge initiates review of allegations against Alex Kozinski

Women twice as likely to say they face gender discrimination at work What Salma Hayek’s account of Harvey Weinstein being her “monster” reveals about Hollywood A former 'Today' show employee details an alleged secret relationship with Matt Lauer The Outrage Machine Comes For “Inappropriate Conduct”: Unexpected Consequences Of The #MeToo Moment Official Who Investigates Lawmakers for Misconduct Is Accused of Attacking Women Top TX AG staff member resigns after story about social media comments Dustin Hoffman: More Accusers Come Forward Murdoch claims harassment allegations at Fox are politically driven 42% of working women say they’ve been discriminated against at work Gender discrimination comes in many forms for today’s working women
(DBN)

Trump’s tweets were too vague and subjective to be defamatory, appeals court says
(DBN)

Ole Miss Latest School to Seek New GC After NCAA Probe
(DBN)

Anger issues, impulse disorder could explain ‘baffling phenomenon’ of lawyers who shoplift
(DBN)

Partners reveal what they're really thinking in survey
(DBN)

In-house lawyers bemoan hourly billing and needy firms
(DBN)

Glamorous Solicitor 2017: Round 2
(DBN)

Louisville Athletics Says Pitino Must Repay Forfeited Funds
(DBN)

Died in '93, Daughter Kept Cashing Her Checks
(DBN)

Crime-fighting robot retired after launching alleged ‘war on the homeless’
(DBN)

Here’s how being stressed at work can hurt you physically—and what you can do to beat it
(DBN)

Tiny Train Town: Sedgwick Partner's Christmas Tradition
(DBN)

Billionaire Going Through Divorce From Wife Of 58 Years Claims To Be "Broke" Billionaire News Billionaire Going Through Divorce From Wife Of 58 Years Claims To Be "Broke"
(DBN)

White nationalist accused of killing a protester in Charlottesville is charged with first-degree murder
(DBN)

Hospital worker fired for refusing flu shot isn't a victim of religious discrimination, U.S. court says
(DBN)

Good Samaritan Intervenes To Protect Woman In Argument With Boyfriend On Thanksgiving . . . Boyfriend Then Throws Good Samaritan Off Bridge
(DBN)

Lawyer began throwing drug-fuelled 'chem s--' parties after being diagnosed with HIV, court hears
(DBN)

Conservative City Official Faces Charges After Allegedly 'Teasing' Liberal Coworker with Shotgun
(DBN)

Police Remove Woman From Starbucks After She Rants About Students 'Speaking Oriental'
(DBN)

Men Hung Noose Outside Black Teacher’s Classroom But Judge Acquitted Them of Hate Crime
(DBN)

Yeah, The Courtroom Isn’t Like This In Real Life
(DBN)

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Judges:

What Will It Take To Get Alex Kozinski Off The Ninth Circuit? Will complaints of harassment by Kozinski have any impact? Here Are the Women Who Have Called Out Judge Kozinski Atty-Journalist Describes 'Hypersexualized World' Of Kozinski Federal judge in SF under investigation over sexual misconduct allegations Who Will Judge the Judge? Sources Report 3 Kozinski Clerks Are Out Ninth Circuit Launches Inquiry Into Alex Kozinski Court calls for inquiry into Judge Alex Kozinski accusations Inquiry launched into harassment allegations against U.S. appeals judge Case Western's Cassandra Burke Robertson calls for impeachment proceedings against Judge Kozinski Why is legal academia still remaining (mostly) silent on Alex Kozinski? Texas Law School Professor Among Women Calling Out Judge Kozinski
(DBN)

Federal Judicial Nominee Quizzed at Senate Hearing on Past Statement Calling March Toward Marriage Equality 'Lawlessness'
(DBN)

Trump has now appointed most ever federal appeals judges in 1st year Trump's Judge-A-Palooza: A Sneak Peek at Trump Watch
(DBN)

Video shows one of Trump's judicial nominees struggling to answer basic legal questions during a Senate committee hearing
(DBN)

The Hanging Judge: An Interview With Judge Michael Ponsor
(DBN)

Senate Fills Second 5th Circuit Seat in Two Days With Confirmation of Ho
(DBN)

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Wall Street:

Dow, S&P set for 4th week of gains as traders shake off tax worries US futures rise as investors look to data; tax overhaul concerns linger
(DBN)

Dow falls as investors await final tax bill US stock indexes veer lower in afternoon trade; oil rises
(DBN)

If the bitcoin boom goes bust, the stock market could see collateral damage, analyst Bob Doll says
(DBN)

JPMorgan Sees S&P 500 Hitting 3,000, Warns on Tech Stocks
(DBN)

How America’s Inequality Is Sending the Dow Soaring
(DBN)

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Layoffs:

Teva to lay off 14,000 workers in bid for survival — but some are skeptical Teva's feverish bailing efforts deluged by reality
(DBN)

New round of layoffs announced at GE Hitachi
(DBN)

Wells Fargo lays off 60 staff members from mortgage unit
(DBN)

GE Hitachi Nuclear confirms layoffs
(DBN)

Bold Films Laying Off Half of Its Employees
(DBN)

Disney's deal to buy Fox studio could bring substantial layoffs
(DBN)

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Retailing:

US retail sales rose 0.8% in Nov, vs 0.3% increase expected
(DBN)

Stores may be in trouble, but people are spending like mad
(DBN)

Will The 'Big 6' Retailers Nab All of The Holiday Shopping Cheer?
(DBN)

Retailers Hope For the Best Christmas Sales Since the Recession
(DBN)

Sears lands another deal with Amazon — this time for car batteries, tires Sears just dealt a huge blow to its stores
(DBN)

Amazon Prime growth is slowing down in the U.S., says Morgan Stanley
(DBN)

Costco continues to hold its own against Amazon
(DBN)

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Politics:

Roy Moore turns refusal to concede into religious crusade: ‘Immorality sweeps over the land’ Doug Jones' message to Roy Moore: "It's time to move on" The suburban revolt against Trump continued in Alabama How Jones won: Moore missed Trump’s standard in every Alabama county Many conservatives are downright relieved that Roy Moore lost The Doug Jones vs. Roy Moore results, in black and white Alabama Secretary of State Doesn’t Know What He’s Talking About on Roy Moore Recount
(DBN)

The Republican Nightmare Is Just Beginning
(DBN)

Trump's approval rating is sinking to unthinkable levels in places you'd never expect
(DBN)

Karl Rove on Steve Bannon: He showed up looking like ‘a scruffy out-of-work homeless guy’
(DBN)

Paul Ryan To Step Aside In '18, Leave DC The 'Paul Ryan considers retirement' stories have started Paul Ryan: I'm Not Going Anywhere
(DBN)

It’s payback time for those Trump has bullied
(DBN)

Omarosa denies being fired and escorted off White House grounds Omarosa talks about her White House exit, and ‘Good Morning America’ host Robin Roberts isn’t having any of it
(DBN)

Trump's "really diverse team" is mostly white
(DBN)

Monopolies are Threatening American Democracy
(DBN)

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Economy:

Fed Raises Interest Rates (Again): A Christmas Gift for Bankruptcy Professionals?
(DBN)

It’s Trump’s Fed Now
(DBN)

The Fed's Inconsistent Numbers
(DBN)

Experts: The Fed will revise its estimate to four rate hikes in 2018
(DBN)

U.S. Worker Pay Is Having Its Worst Stretch Since 2009
(DBN)

Yellen Not Buying Tax Cut's Economic Fables
(DBN)

This is What Happened to the American Dream
(DBN)

Business inventories slip in October, following a month of no gain
(DBN)

US weekly jobless claims rise less than expected Weekly Initial Unemployment Claims decrease to 225,000
(DBN)

World's richest 0.1% have boosted their wealth by as much as poorest half
(DBN)

Slow rebuild after the Great Recession killed economic equality
(DBN)

Trump chose five families to show how the tax bill benefits them. Their stories show the reality is complicated. White House budget director Mick Mulvaney: I'm 'cautiously optimistic' on tentative tax cut deal Some Serious Math Problems for the GOP Tax Plan Mystery, Suspense Mount as Final GOP Tax Plan Is Due Will the GOP Tax Plan Create Jobs? Business Execs and Big Investors Say No Sen. Rubio a ‘no’ on GOP tax bill unless tax credit for working poor is expanded How Sen. Marco Rubio’s child tax credit could be the final big GOP tax fight Trump: "I think Senator Rubio will be there" on tax bill Marco Rubio opposes current GOP tax plan; Mike Lee is undecided 2 Senators Sidelined By Illness Senate Republicans try to placate Rubio after he threatens to oppose tax bill over child credit GOP considers shortening duration of tax cuts for families as a way to fund changes to tax plan Paul Ryan And Top Republican Lawmakers Could Reap Personal Windfall From New Real Estate Tax Breaks White House pitches millennials on tax bill, saying they'll be more prosperous under Trump than Obama Share buyback machine now in overdrive — dropping a strong hint at what CEOs plan to do with tax savings GOP Tax Bill Faces New Uncertainty Proposed ACA mandate repeal makes GOP tax plan more unpopular The GOP tax bill could be even more costly than it looks The Republican tax bill that could actually become law, explained Corporate Bonds Sour on the Republican Tax Plan Congress Keeps $7,500 EV Tax Credit Here are 25 companies that will benefit the most from the GOP tax plan Why the Disney deal suggests the tax bill may mean little for the economy Michael R. Bloomberg: This Tax Bill Is a Trillion-Dollar Blunder Israel Poised for ‘Economic Earthquake’ Caused by U.S. Tax Reform
(DBN)

The ‘unretired’: Coming back to work in droves
(DBN)

The FCC has reversed a 2015 rule that could change how you access and pay for internet service
(DBN)

Banks are still not passing on higher Fed rates to savers
(DBN)

Deutsche Bank: 30 Risks for 2018
(DBN)

Texas Tells Trump to Back Off on NAFTA
(DBN)

One question will tell you if you're actually wealthy
(DBN)

Hotel Occupancy Rate Increased Year-over-Year, 2017 will be Record Occupancy Year
(DBN)

Retail Sales increased 0.8% in November
(DBN)

Americans' Satisfaction With U.S. Same in 2017 as in 2016
(DBN)

One In Every 3 People In This City Are Millionaires And Pay No Income Taxes!
(DBN)

'Child care deserts' are leaving rural parents with few options
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

We’re still building the wrong kind of homes for renters
(DBN)

The 11 worst places to buy a home if the GOP tax plan passes
(DBN)

Xceligent Shuts Down Operations, Files for Ch. 7 Liquidation
(DBN)

The new renters are older and wealthier
(DBN)

Is the Rental Housing Explosion Over?
(DBN)

Kushner Ignores Questions on Troubled NYC Property
(DBN)

The U.S. States With the Most Million Dollar Homes
(DBN)

Famed dude ranch may be headed for foreclosure
(DBN)

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Municipalities:

One-third of Puerto Rico still doesn't have power
(DBN)

The key helping Puerto Rico is removing politics from electricity
(DBN)

A three-tiered solution for Puerto Rico
(DBN)

After Maria, Puerto Rico Struggles Under The Weight Of Its Own Garbage
(DBN)

GOP Tax Plan Could Devastate Puerto Rico’s Manufacturing Sector With One Line
(DBN)

Puerto Rico Bondholders Are Fighting to Know What Island Even Spends
(DBN)

Storm-hit Puerto Rico starving for tourists
(DBN)

Lin-Manuel Miranda Calls for Puerto Rico’s Debt Forgiveness Lin-Manuel Miranda: Helping Puerto Rico is 'politically smart thing to do'
(DBN)

Connecticut, Already Strapped, Is Coming Up Short Again
(DBN)

Detroit breaks ground on tallest tower, symbol of resurgence
(DBN)

Michigan lawmakers introduce legislation to repeal the Emergency Manager Law
(DBN)

Muncie Schools Put Under Full State Control Second Indiana school district, Muncie, joins Gary under emergency management
(DBN)

Prop. Taxes Higher In Poor Chicago Neighborhoods, Suit Says
(DBN)

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Oil/Gas:

Cobalt files for Chapter 11 bankruptcy Cobalt International files for Ch. 11, plans to sell off assets Deepwater oil producer Cobalt seeks quick sale in bankruptcy Cobalt International Energy Files Chapter 11 Bankruptcy in Texas
(DBN)

Investors Not Impressed As Permian Basin Rig Grows For 7th Week
(DBN)

Energy Sector Eyes 'New World' of Returns to Quash Oil Angst
(DBN)

Investors pour cash into US shale despite questions on returns
(DBN)

Paralysis at PDVSA: Venezuela's oil purge cripples company
(DBN)

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Telecoms:

Bipartisan Uproar as FCC Unravels Net Neutrality FCC Votes to End Net Neutrality Rules The End of Net Neutrality: What Comes Next? The End of Net Neutrality: Who Cares? Portugal hints at what the American internet could eventually look like without net neutrality Why you should care that the FCC has put an end to ‘net neutrality’ No Waiting for This: Here Come the 'Net Neutrality' Lawsuits 'The fight isn’t over': Tech erupts after the FCC's vote to kill net neutrality Why the end of net neutrality isn’t the end of the internet
(DBN)

Hedge Fund and Rural Phone Company Face Off in Court Over Debt Drama Aurelius and Windstream's Game of Debt Chess Heads to Court
(DBN)

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Student Debt:

Why Does the Trump Department of Education Hate Student Loan Debtors This Much?
(DBN)

Student Loan Default Rates by School Type and Age
(DBN)

U.S. states sue Trump administration for not granting student-loan relief
(DBN)

Final tax plan expected to keep medical deduction and grad student waiver, a relief to millions
(DBN)

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Autos:

Faraday Future hit by another setback
(DBN)

Tesla Headed for a Brick Wall Remember When Goldman Upgraded Tesla The Same Day It Underwrote A $2 Billion Stock Offering? So Does The SEC Stanley Druckenmiller And Jim Chanos Occupy Opposite Ends Of The Tesla Derangement Spectrum
(DBN)

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Healthcare:

Lab bankruptcies thwart Medicare efforts to recover millions in testing overcharges
(DBN)

ACA enrollment won’t make things better, but it could get worse
(DBN)

Aesculap Provides DIP Financing for Dextera Surgical
(DBN)

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Coal:

Bankrupt Coal Co. Asks To Pay Bonuses To Retain Workers
(DBN)

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Solar:

Tesla is largely responsible for the slide in US home solar sales, report finds Reuters 4 Mins Ago
(DBN)

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Festivals:

Creditors Move in on Fyre Festival, Billy McFarland
(DBN)

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Farming:

The USDA Rolled Back Protections For Small Farmers. Now The Farmers Are Suing
(DBN)

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Taxis:

NYC 'Taxi King' serving 28 days in jail for defying judge order
(DBN)

U.S. criminal probe is latest in string of bad news for Uber
(DBN)

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Debt Collection:

Why States Should Have Primary Oversight of Attorney’s Activities in Debt-Collection Litigation
(DBN)

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Surfing:

Mavericks big-wave surf contest gets go-ahead to resume
(DBN)

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Currency:

Bitcoin Buyers: Be Prepared to Lose It All Thinking about investing in bitcoin? The currency may be virtual, but the risk is real.
(DBN)

Don't Take Out a Second Mortgage to Buy Bitcoin
(DBN)

If you put $1,000 in bitcoin in 2013, here’s how much you’d have now
(DBN)

Bitcoin investors could see bigger bills thanks to the GOP's tax plan
(DBN)

Turning Coal Into Bitcoin? The Dirty Secret of 2017’s Hottest Market
(DBN)

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New Bankruptcy Opinions
(2 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (17 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (6 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:

BK MN: Updated Filing Statistics
(DBN)

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Sanctions:

Punishing Attorneys vs. Positive Incentives: Inducing Good Behavior in Bankruptcy
(DBN)

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Property of the Estate:

Debtor’s Subchapter S Status Isn’t Property of the Estate
(DBN)

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Awards:

MVP: Kirkland's Nicole Greenblatt
(DBN)

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Avoidance Actions:

Supreme Court to Consider Limitation on Bankruptcy Trustee Avoidance Powers: Transfers Through "Conduits" at Issue
(DBN)w

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Litigation:

An Early Christmas Present From The Federal Rules Of Evidence
(DBN)

Side Benefits of Oral Argument: Training, Fun, Predicting the Future
(DBN)

Tips for Capturing Social Media Evidence
(DBN)

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Interest:

Too Much Insolvency: 'Unmatured Interest' and 'Debt' Under the Code
(DBN)

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Celebs:

7 once-bankrupt stars who bounced back to fame and fortune
(DBN)

50 Cent Pulls Plug On JAY-Z, Calls Out TIDAL's Alleged Money Woes
(DBN)

Chris Bosh’s Baby Mama Allison Mathis Trying to Keep Her Bankruptcy Case Alive By Saying She’s Having Hard Time Living Just Off Bosh’s Child Support Payments
(DBN)

Former Celtic goalie Rab Douglas slams financial advisors who touted scheme which left footballers bankrupt
(DBN)

These Five Athletes Are Surprisingly Careful With Their Money
(DBN)

‘Real Housewives of New Jersey’: Are Teresa and Joe Giudice Getting a Divorce?
(DBN)

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Climate:

Wildfires are burning longer and hotter each year
(DBN)

Vicious winds to test crews battling raging California wildfires
(DBN)

$5 billion worth of Southern California real estate faces significant fire risk
(DBN)

Oh, So Now Harvey was Global Warming
(DBN)

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Construction:

After filing for bankruptcy, Mammoet-Starneth seeks freeze of NY Wheel lawsuit
(DBN)

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Marijuana:

Marijuana Businesses Barred from the Bankruptcy Courts: But How Far Will the Bar Extend?
(DBN)

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Sales:

Peril on the Peaks: Ninth Circuit Reconciles Section 365 and 363 to Permit Stripping of Leases in Bankruptcy Sales
(DBN)

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Corporate Governance:

Court reverses Dell buyout ruling that alarmed dealmakers
(DBN)

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Education:

You’re not going to get accepted into a top university on merit alone
(DBN)

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Electricity:

Oncor and Sempra Energy Reach Settlement Agreement With Several Key Texas Stakeholders
(DBN)

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Food/Beverage:

Outrage Over Proposal to Let Employers Pool or Pocket Workers’ Tips
(DBN)

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Museums:

Judge Extends Injunction Against Museum's Art Sale
(DBN)

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Pharma:

Teva's New CEO to Slash 25% of Jobs to Salvage Ailing Drugmaker Teva’s new plan is to raise drug prices, but it won’t be easy
(DBN)

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Non-Profits:

Vet Charity Raised Millions for Themselves
(DBN)

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UK:

'Sinister' View of Tesco Accounting Unfounded, Lawyer Says
(DBN)

Bankrupt Monarch Airlines Still Hasn’t Paid Passenger Compensation Despite Creditors Making €68 Million
(DBN)

Insolvency Litigation Update - December 2017
(DBN)

Four Seasons wins late reprieve on debt repayment
(DBN)

EU leaders call on Theresa May to spell out what U.K. wants in Brexit trade deal
(DBN)

Large firms fall foul of PCAOB inspectors
(DBN)

Almost the entire EU has agreed a major joint military plan — without Britain
(DBN)

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EU:

Europe's Sovereign-Bank 'Doom Loop' Can't Be Broken
(DBN)

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Canada:

Restructuring & Insolvency
(DBN)

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Australia:

Insolvency reform: stay of “Ipso Facto” provisions will provide breathing space for companies facing insolvency
(DBN)

The one-year bankruptcy
(DBN)

The ‘hotch-pot’ causes a stir and a twist
(DBN)

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Brazil:

Oi shareholder tries to delay creditor vote on new restructuring plan Oi’s creditors provisionally approve debt restructuring plan Oi's board may call shareholder meeting to debate new restructuring plan -sources
(DBN)

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Austria:

Airline for sale: Niki's future hangs in balance Ryanair says will review Niki's slots‍? Seven days left to find solution for Niki airline - works council chief Austrian airline Niki to lose runway slots unless buyer is found
(DBN)

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Ukraine:

US Department of Treasury to help Ukraine to remove insolvent banks from market
(DBN)

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Sweden:

Knowledge of counterparty's insolvency in claw-back case
(DBN)

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Venezuela:

Over 1 Million Flee Venezuela
(DBN)

Venezuelan creditors eyeing Citgo assets face uphill battle
(DBN)

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France:

Jews Flee Paris Over Rising Tide of Anti-Semitism
(DBN)

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India:

Indian Minister of Happiness Sought As Murder Suspect
(DBN)

Operational creditors linked to promoters may spook buyers
(DBN)

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Germany:

German s-- shop company filing for protection from creditors
(DBN)

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Singapore:

Noble Group locked in talks with creditors to restructure debt Noble Group chairman expects creditors' proposal soon on debt restructuring
(DBN)

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South Africa:

Global companies snared in South Africa's corruption scandal
(DBN)

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