December 22, 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

3-Column Formating

 

Law:

Jury Will Decide If Shkreli Lawyer Is 'Co-Conspirator' or Victim
(DBN)

Former managing partner is suspended for ‘ditto mark’ overbilling, taking credit for associate work
(DBN)

Legal Trends to Watch for 2018
(DBN)

What Really Goes On Behind Closed Doors When A Biglaw Partner Gropes An Associate
(DBN)

What Was Lawyering Even Like Before Electronic Legal Research?
(DBN)

McKinsey Boosts Law Firm Consulting Power Through Longtime Citi Adviser
(DBN)

Latham, Freshfields and Stephenson Harwood lawyers take silk in 119-strong QC round
(DBN)

Gorton Sues U.S. Law Firm for Fraud Over Carbon-Tax Advice
(DBN)

Biglaw Firm Gets With The Times And Makes Big Changes To Parental Leave Policy
(DBN)

5 reasons why I love being a lawyer
(DBN)

ILTA survey shows that virtually all law firms support the iPhone and iPad, and that MDM use is increasing
(DBN)

People Magazine Investigates: Who Killed Dan Markel? Murder Trial Of Dan Markel's Alleged Hit Man Pushed Back Six Months
(DBN)

Federal Court Dismisses Lawsuit Accusing Trump Of Violating Emoluments Clause
(DBN)

Judge Tosses Ethics Case Against Trump
(DBN)

Magic Circle secrets revealed in Firm of the Year 2018 survey
(DBN)

Researchers identify 3 characteristics of harassers; impunity and power play a role Senate GOP Holds Back Harassment Data Ford to Harassers: Y0u're Not Wanted Here
(DBN)

How Apple secretly slowed down older iPhones, and why it’s such a big deal
(DBN)

Researchers have figured out why sitting all day is so bad for your health
(DBN)

Convicted Murderer Gives Up Law License to Avoid Discipline Case
(DBN)

Mueller's Silence Cuts Through Noise of Trump Russia Inquiries McCabe Testimony Triggers New Round Of Congressional Subpoenas
(DBN)

YouTube Stunt Gone Wrong Ends in Manslaughter Plea
(DBN)

Slenderman Teen Gets 25 Years in Mental Hospital
(DBN)

Bid to Halt Transgender Enlistment Denied
(DBN)

Trial of first group of Inauguration Day protesters ends with acquittals
(DBN)

Veterinarian Charged for Allegedly Shooting Neighbor's Barking Dog
(DBN)

Florida lawyer is accused of recording at least 6 sexual encounters on visits with inmate
(DBN)

______________

Judges:

BK NV: Bankruptcy Bugle Newsletter
(DBN)

Posner perseveres after 4th Circuit rules his ‘advisory counsel’ help isn’t needed Retired Judge Posner Continues to Fight for Pro Se Litigant
(DBN)

Why Haven't Women in Law Firms Called Out Kozinski?
(DBN)

Why Judges Matter
(DBN)

______________

Wall Street:

Wall Street set for a slightly upbeat open as investors digest political news
(DBN)

Dow jumps 94 points as some companies pledge to spend tax bill savings on higher wages US stocks close higher as energy shares rally
(DBN)

The Dow is on track to do something it hasn’t done since 1959
(DBN)

Dow could hit 25,000 by Christmas, say experts
(DBN)

______________

Layoffs:

Teva workers threaten hunger strike over mass layoff plan
(DBN)

______________

Education:

Betsy DeVos Sides w/ Corrupt Schools Over Kids
(DBN)

______________

Politics:

McConnell on Trump: "He likes to talk"
(DBN)

Ex-CIA Director Slams Trump's Actions
(DBN)

Why USA Today’s ‘Trump unfit to scrub toilets’ editorial was a huge misfire
(DBN)

White House Deputy Chief of Staff Rick Dearborn is resigning
(DBN)

Corey Lewandowski is reportedly upset his calls to the White House aren't being returned
(DBN)

Memphis Pulls Down Its Confederate Statues Memphis Uses Legal Loophole To Defeat State Law Banning Confederate Statue Removal
(DBN)

Steve Bannon calls George H.W. Bush a "pervert" Steve Bannon blames Jared Kushner for Trump's Russia problems: 'This tells you everything about Jared' McConnell says he's not worried about Bannon Steve Bannon reportedly joked to a friend that Trump is 'like an 11-year-old child'
(DBN)

Justice Department ordered to re-examine Uranium One probe Sean Hannity instantly faceplants after accusing NBC News of ignoring Clinton conspiracy theory Hannity Thinks NBC News Should Learn a Thing From NBC News
(DBN)

Roy Moore, who still has yet to concede, is posting conspiracies and going after Doug Jones' gay son on Facebook Roy Moore melts down over Muslims, Marxists and ‘Doug Jones’s gay son’ in wake of humiliating defeat
(DBN)

Ivanka Trump Doesn't Know How Taxes (Or Laws) Work
(DBN)

______________

Fraud:

The Feds say they just blew up a $1.2 billion Ponzi scheme aimed at thousands of elderly people in Florida SEC Charges Calif. Businessman In $1.2B Ponzi Scheme
(DBN)

______________

Religion:

Diocese of Great Falls-Billings responds to lawsuit Suit seeks $70M in Montana diocese assets for abuse victims
(DBN)

Death Comes for Cardinal Law
(DBN)

______________

Taxis:

Uber Finally Being Called Out on Biggest Bluffs
(DBN)

______________

Student Debt:

Why student loan borrowers should be watching this bankruptcy case
(DBN)

______________

Currency:

Bitcoin plunges again Bitcoin price tumbles 20% Bitcoin plunges again, now down more than 28% since Sunday’s all-time high
(DBN)

Bitcoin Billionaires May Have Found a Way to Cash Out
(DBN)

Trader makes million-dollar bet that bitcoin will triple next year
(DBN)

Bitcoin, Cryptocurrency Trades Face New Liability in Tax Bill
(DBN)

North Korea may be behind a massive cyber attack on a South Korean bitcoin exchange that caused it to collapse, file bankruptcy
(DBN)

Bitcoin could trigger the next financial crisis
(DBN)

Asia's largest economies are increasingly uneasy with the rise of bitcoin
(DBN)

The SEC's crackdown on cryptocurrencies is about to get serious, former chairman says
(DBN)

______________

Economy:

US third-quarter economic growth lowered to 3.2%
(DBN)

Leading economic indicators rise 0.4 percent, meet expectations
(DBN)

Larry Lindsey being considered for Fed vice chair job: Sources
(DBN)

Tax "Reform" Now IRS Has to Untangle the Tax Law 'We're skeptical' tax cuts will lead to long-term growth: Merrill chief economist A Deduction for the CEO's Jet, but a Cop Can't Write Off His Uniform You Can't Be Too Cynical About GOP Tax Bill Most CEOs: Tax Windfall Won't be Reinvested Tax Bill: Nasty Surprise for Upper Middle Class Millions of middle-class Americans could actually pay more Enjoy Your (Temporary) Tax Cut Hedge fund tax loophole shows ‘swamp’ still rules over Washington, D.C. How Tax Cuts Affect Revenue - What the past tells us as the GOP enacts a historic tax overhaul Private equity's "grandfather" grumble about the tax bill Why Don’t Most Americans Realize They’re Getting Tax Cuts for Christmas? Here’s what the companies that make up the Dow industrials think about the tax bill Taxes: Why We Don't Learn from Other Nations Ray Dalio: 'We’re still not dealing with the bigger issues' Sarah Huckabee Sanders: The tax bill is good because MSNBC staffers got a bonus The South Will Rise Again Under GOP Tax Plan Tax Reform Is Just the Excuse to Raise Wages Republicans Exact Their Revenge Through a Tax Bill An econ professor turned small-business owner breaks down his 3 big problems with the GOP tax plan Trump may not sign the tax bill until 2018 to avoid a Medicare disaster Brewers celebrate a measure tucked into the sweeping tax reform bill Here's how the tax bill will affect the middle class in every US state President charges Democrats want shutdown to distract from ‘very popular’ tax cuts
(DBN)

Ivanka FactCheck: In April, "the vast majority will be (filling out their taxes) on a single postcard."
(DBN)

McConnell: Doubtful on Entitlement Reform McConnell: welfare & entitlement reform not on 2018 agenda
(DBN)

House passes bill to fund government through Jan. 19 New spending bill includes stopgap for children’s health coverage All the People Congress Is Leaving Behind for Christmas
(DBN)

It's Trump's Economy Now
(DBN)

Low-wage workers will get paid more in 18 states in 2018 — but they could earn much more if the federal minimum wage had kept up with the economy State minimum wage hikes will add $5 billion to worker paychecks in 2018
(DBN)

Economists Lose Credibility When They're Too Certain
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

______________

Real Estate:

The GOP's big tax break for landlords could make America's housing crisis worse
(DBN)

New York Wheel Developer Plots Bankruptcy End-Run
(DBN)

SEC Sues Woodbridge Ex-CEO Shapiro - Ponzi Scheme
(DBN)

The GOP's tax bill guts 4 of the biggest tax benefits of homeownership in America
(DBN)

What Xceligent's Bankruptcy Says About the Property Data Business
(DBN)

____________

Municipalities:

Indications are that $81B disaster relief bill for Puerto Rico, USVI, Texas, Florida will slide to next year. Votes aren't there
(DBN)

House Approves Billion More for Harvey Aid
(DBN)

Puerto Rico Governor Promises Revenge
(DBN)

Maria's Bodies
(DBN)

Months after storm, Puerto Rico still in crisis
(DBN)

Puerto Rico Bond Buyers Wait for ‘Teens’ Price Before Jumping In
(DBN)

Lawmaker calls for House hearing on UBS bonds sold in Puerto Rico, following CNBC investigation
(DBN)

Bond Insurer MBIA Targeted by Short Sellers After Puerto Rico Hurricane
(DBN)

Puerto Rico Gets Coal, Diesel, and Debris for Christmas
(DBN)

To lure Amazon's HQ2, Detroit would free it from many taxes — and allow it to pocket employees' state income taxes for 20 years
(DBN)

PA Volunteer Dept. May Exit Bankruptcy by March
(DBN)

MI: Fraser's fiscal woes deal a lump of coal
(DBN)

Families fleeing the poorest pockets of Chicago end up with kids in cash-strapped segregated schools like the ones they left behind
(DBN)

______________

Oil/Gas:

EXCO Resources, Inc. Enters into Forbearance Agreements
(DBN)

What Will Drive The Next Oil Price Crash?
(DBN)

Oil Discoveries At Lowest Point Since The 1940s
(DBN)

BNY Mellon freezes $22.6 billion in Kazakh oil fund assets
(DBN)

2017 - A Year In Review For Bankrupt Energy Companies
(DBN)

Meet the Lawyer Trying to Make Big Oil Pay for Climate Change
(DBN)

______________

Healthcare:

Almost 9 million people signed up for ACA coverage Obamacare enrollment blows away expectations at nearly 9 million, despite short sign-up window 'Truly remarkable': Trump's meddling barely slowed down Obamacare sign-ups at all
(DBN)

______________

Debt Collection:

FDCPA Caselaw Review for November 2017
(DBN)

______________

Golf:

Controversial ball company that clashed with the USGA has filed for bankruptcy
(DBN)

______________

Celebs:

Harvey Weinstein in bankruptcy fears: Ex wife heads to court with mega cash demand
(DBN)

Ex-American Apparel CEO Loses Court Battle with Hedge Fund After Ouster
(DBN)

______________

Healthcare:

Cyber insurer to cover bankrupt cancer clinic's $2.3M HIPAA fine
(DBN)

______________

Metals:

Mesabi Metallics ready to emerge from bankruptcy
(DBN)

______________

Telecoms:

Many challenges ahead following Avaya bankruptcy proceedings
(DBN)

______________

Plastics:

M&G seeks bankruptcy court OK for $800,000 in bonuses to workers
(DBN)

______________

Autos:

Subprime Auto Loan Defaults Soaring
(DBN)

______________

Personal Finance:

Yes, you can live below your means, without suffering
(DBN)

______________

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 (19 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (10 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)

______________

Bankruptcy Statistics:

Retail Bankruptcies Expected in 2018
(DBN)

______________

Avoidance Actions:

Claw Back of Parent PLUS Loan Proceeds to Pay College Tuition Hits a Roadblock
(DBN)

Subchapter S Revocation as Fraudulent Transfer? Courts are Finally Getting it Right!
(DBN)

______________

Executory Contracts:

Bankruptcy Court Authorizes Rejection of Employment Separation Agreements
(DBN)

______________

Cross-Border:

CGG: obtains recognition of the French ruling approving its safeguard plan by the US court as part of the Chapter 15 process
(DBN)

Comparative Insolvency Conferences of Note
(DBN)

______________

Bankruptcy Rules:

January 17 Public Hearing On FRBP Amendments Canceled
(DBN)

______________

Corporate Governance:

How Preliminary Examiners Could Improve Corporate Governance for Companies in Bankruptcy
(DBN)

______________

Awards:

Winners Of The 12th Annual Turnaround Award
(DBN)

______________

Sanctions:

Court Holds that Bankruptcy Judges Cannot Impose Punitive Sanctions
(DBN)

______________

Food/Beverage:

Subway closed over 900 stores this year as franchisees claim promotions have 'decimated' business
(DBN)

______________

Retailing:

Bouchard Orders American Apparel Founder to Repay $19.5M Loan
(DBN)

Toys R Us bankruptcy hurt shipments, sales, shopper confidence, CEO says Toys "R" Us isn't closing stores ... yet Toys R Us aims to exit bankruptcy by reinventing shops with 'play labs' At Toys R Us, hopes for a turnaround rest on a last-minute rush for holiday gifts
(DBN)

Moody's downgrades Hot Topic's CFR to Caa1, negative outlook
(DBN)

Retail Apocalypse Not Just Yet
(DBN)

The Fall and Rise of a Plus-Size Empire
(DBN)

Year in Review: Retail Bloodbath
(DBN)

Be wary of gift cards from retailers in or nearing bankruptcy
(DBN)

Mattress Firm chairman says company will close 200 stores
(DBN)

______________

Nuclear:

Vogtle nuke gets unanimous approval to continue construction Troubled $25 billion nuclear project gets OK to continue America’s Last Nuclear Project Gets Green Light From Georgia
(DBN)

______________

Solar:

Trump's Tariff Decision Looms Large for Sale of Solar Company
(DBN)

______________

Hotels:

Judge declines to send hotel case back to W.Va.
(DBN)

______________

Diamonds:

US Judge Dismisses Exelco's Chapter 11 Petition
(DBN)

______________

UK:

Julie Meyer's VC firm Ariadne Capital has gone into bankruptcy administration
(DBN)

Toys 'R' Us creditors back UK restructuring plan Toys R Us saved from collapse as creditors agree to new financial plan Toys R Us staves off collapse after rescue talks
(DBN)

Taxi drivers say they face a 'miserable Christmas' and bankruptcy as lower fares are imposed
(DBN)

______________

PIIGS:

Greece's central bank lowers growth forecast for 2017-2019 Greece’s creditors need to clarify any post-bailout support, says central bank
(DBN)

Check, please: How much Alexis Tsipras's first months cost Greece
(DBN)

EU orders Italy to recover millions from steelmaker ILVA
(DBN)

Catalan separatists win election in rebuke to Spain and EU
(DBN)

______________

Canada:

Priority of Pension Claims in Insolvency
(DBN)

______________

MENA:

Despite Threats, Entire World Rebukes Trump on Jerusalem Nikki Haley threatens to pull UN funding over Jerusalem vote Trump’s UN threat backfires after Canada changes its vote to avoid being seen as his ‘puppet’
(DBN)

Developer Limitless makes $122m payment to banks, creditors
(DBN)

______________

Venezuela:

Runaway Inflation Forces Venezuelans to Pay for Christmas in Dollars
(DBN)

Canadian firm wants to seize Citgo after Venezuela misses a settlement payment
(DBN)

______________

Austria:

Niki Lauda submitted offer for insolvent airline Niki
(DBN)

______________

India:

Banks can take advantage of the IBC to clean up their balance sheets: RBI
(DBN)

Why Last-in-Queue Lenders File Most Insolvency Lawsuits in India
(DBN)

______________

North Korea:

The UN has a new round of sanctions ready for North Korea
(DBN)

______________

China:

China's using cheap debt to 'bend other countries to its will,' academic says
(DBN)

China Fishery Group updates on chapter 11 process
(DBN)

______________

Germany:

EU clears Lufthansa plan to take over part of Air Berlin
(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 reach us at 281-402-3957 or 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