December 4, 2017

The Daily Bankruptcy News

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Law:

Associate Compensation Scorecard (2017): Which Firms Have Announced Bonuses? There’s Magic In The Air As International Firm Matches Cravath Bonuses Continue To Rain Down On Magic Circle Associates Davis Polk Weighs In On Associate Bonuses Associate Bonus Watch: Bill More, Make More, At Fried Frank
(DBN)

Paul Weiss Names New Bankruptcy Partner
(DBN)

Sedgwick: Death By Billable Hours
(DBN)

Defending His Millions, Matt Lauer Turns to Lawyer William Zabel
(DBN)

How Can Associates Make Sure Mistakes Don’t Happen Again?
(DBN)

General Counsel Pay Is Up… If You Have A P----
(DBN)

During Final Exams, Law Students Should Heed The Words Of Legendary Basketball Coach Jim Valvano
(DBN)

Students From Elite Law Schools Vow to Combat Mental Health Suffering on Campuses
(DBN)

McGuireWoods Taps Another Litigator to Replace Longtime Leader
(DBN)

4 Annual Year-End Traditions For Your Law Firm
(DBN)

Practice Makes Perfect Better
(DBN)

BigLaw partner breaks a record held by Thurgood Marshall
(DBN)

Harassment went unchecked for decades as payouts silenced accusers Taxpayer funds paid House Republican's sexual harassment settlement Top Republican who led Benghazi panel used $150,000 of taxpayer money to settle claim with a fired staffer Lawmaker behind secret $84K sexual harassment settlement unmasked 12 Notorious Matt Lauer Stories Geraldo Rivera Apologizes to Bette Midler, Women Named in His ‘Tawdry’ Memoir Companies cut back on booze at post-Weinstein holiday parties Pamela Anderson: Weinstein’s Accusers Knew What They Were ‘Getting Into’ by Going to Hotel Rooms Alone Megyn Kelly: 'ENOUGH of being the nice women we've been raised to be' NBC News will not pay a settlement to fired 'Today' host Matt Lauer — who was reportedly making up to $25 million a year Blake Farenthold Used $84,000 in Taxpayer Money for Harassment Why Garrison Keillor Allegations Stand Out NPR's John Hockenberry Accused of Abuse New York's TV industry riddled by harassment accusations Trump could be forced to testify on harassment allegations Billy Bush says Trump made the remarks heard on the 'Access Hollywood' tape
(DBN)

Mueller Gets Flynn Flynn to plead guilty to lying to FBI about conversations with Russia's ambassador A 'very happy' Trump defends Flynn's actions, says 'there was nothing to hide' despite plea Plea Deal Suggests Flynn Gave FBI A Lot to Work With: Grasso James Comey Uses Instagram To Throw Massive Shade At Donald Trump Trump attacks his own FBI in a series of tweets Emboldened Trump Brushes Aside Flynn Plea and Goes on Offense FBI Agents, Comey Fires Back to Trump Trump, in Legal Jeopardy, Has Lawyer Claim He Sent the Tweet Trump Pressuring GOP to Shut Down Probes White House Emails Disprove First Claims on Flynn's Firing Trump tweets about the Russia probe spark warnings from lawmakers 'Something was desperately wrong with this guy': US Army lieutenant general who served with Mike Flynn weighs in on his downfall Former ethics director: Trump's tweet on Flynn would have ended past administrations How the Flynn Charges Box In Trump Everything we know about Michael Flynn's plea deal Michael Flynn Charged By Special Counsel Flynn has promised special counsel 'full cooperation' in Russia probe ABC's Brian Ross: Flynn Prepared To Testify Against Trump, Trump Family, White House Staff Trump blasts ABC News reporter Brian Ross over 'horrendously inaccurate and dishonest report’ on Michael Flynn ABC News suspends Brian Ross over 'serious error' in Michael Flynn story FBI Russia investigator axed from Mueller team over texts disparaging Trump Federal prosecutors: Senior Trump transition official directed Flynn to speak to Russian ambassador Stocks dive on report that Flynn could turn on Trump Michael Flynn's plea deal could be proof he has something 'very valuable' to offer on someone at 'the center' of the Russia investigation Flynn's Plea Raises New Questions About Whether Trump Obstructed Justice White House: 'Nothing about' Flynn's guilty plea 'implicates anyone other than Mr. Flynn' ABC News: Flynn prepared to testify against Trump If Flynn Is Small Fry, Who’s the Bigger Fish in Mueller’s Net? Kushner Is Said to Have Ordered Flynn to Contact Russia As Mueller Closes in, Jared Kushner May Be on His Own Stocks fall on report that Michael Flynn was directed by Trump to talk to Russians James Comey offers some biblical inspiration after Flynn guilty plea Trump slams 'rigged system' for going after Michael Flynn and not Hillary Clinton Trump official’s lawyer explains cooperation with Mueller: He can’t ‘run Flynn over with a car CA Dem. Dianne Feinstein: Senate's Russia probe is building a case for obstructing justice: NBC Trump sent a tweet that indicates he's 'utterly clueless about his own jeopardy' In apparent shift, Trump tweets he fired Flynn for lying to FBI Trump says he never asked Comey to stop investigating Flynn Russia investigation 'wearing' on White House, despite spin, WH "in denial", "in a bubble"
(DBN)

Trump lawyer claims the "President cannot obstruct justice"
(DBN)

From Biglaw To Producing Hit Shows — A Discussion with Jonathan Shapiro
(DBN)

After judge demands answers, US discloses American ISIS suspect in Iraq asked FBI for lawyer
(DBN)

Trump criticizes ‘disgraceful verdict’ in Steinle case while Sessions blasts sanctuary cities
(DBN)

House bill to reportedly call for federal student loan caps, end of Public Service Loan Forgiveness
(DBN)

Teacher calls police on 6-year old Muslim Down Syndrome boy - "terrorist"
(DBN)

Woman Made Ricin, Tested It on Neighbors
(DBN)

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Judges:

We’re About To Go To The Mattresses Over Cake The SCOTUS wedding cake case is all about Anthony Kennedy Gay-Wedding Clash at U.S. Supreme Court Is No Piece of Cake
(DBN)

Grassley delays vote on controversial 8th Circuit nominee to allow review of new information
(DBN)

Four Decades of Rocking the Boat on Bankruptcy Court Authority: The U.S. Supreme Court
(DBN)

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Wall Street:

Dow futures soar 200 points as markets get ready to rally on tax plan progress
(DBN)

Stocks tank on report Flynn will flip on Trump
(DBN)

Global market cap is about to hit $100 trillion and Goldman Sachs thinks the only way is down Goldman Sachs Warns on Stock Market
(DBN)

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Layoffs:

Liberty Mutual to eliminate 620 IT jobs in NH
(DBN)

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Autos:

JPMorgan has a new short idea: Tesla shares to fall 40% in 12 months
(DBN)

Tesla's Supercharger Network Might Cause it to go Bankrupt
(DBN)

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Marijuana:

How tax reform could push more states to legalize marijuana
(DBN)

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Retailing:

Bouncing Back from Bankruptcy: Today’s Retail Reality
(DBN)

Macy's will hire 7,000 additional seasonal workers after strong start to holidays
(DBN)

Jewelry chain Charming Charlie preparing to file for bankruptcy: sources
(DBN)

US bankruptcy watchdog says Toys 'R' Us' executive bonus plan 'defies logic'
(DBN)

All Eyes On Sears (December Issue)
(DBN)

Toys R Us and 15 Other Stores That Could Be Bankrupt by the End of the Year
(DBN)

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Education:

Rather Documentary on For Profit Colleges
(DBN)

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Radio:

How Will The Cumulus Bankruptcy Play Out?
(DBN)

iHeartMedia Owners Willing to Give Up Vast Majority of the Company iHeartMedia Tries Again For Deal With Creditors, But The Creditors Have A Different Idea
(DBN)

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Newspapers:

Rogoff hires additional legal help to fight financial probe
(DBN)

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Coal:

Coal and nuclear firms seek billions in new tax credits
(DBN)

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Economy:

US Manufacturing Expands at Healthy Pace on Production Surge ISM Manufacturing index decreased to 58.2 in November
(DBN)

Fed's goals include 'economic opportunity' for all: Harker
(DBN)

For Millions the Recession Isn't Over
(DBN)

Don’t expect strong U.S. hiring to keep up in 2018
(DBN)

The downturn left the country poorer and more unequal than it would have been otherwise
(DBN)

Fed should raise interest rates in near future, Kaplan says
(DBN)

Fed's Mester Shrugs Off Flattening Yield Curve in Call for Hikes
(DBN)

Fed's Bullard warned of a key 'bearish signal' emerging for the economy
(DBN)

Fed’s Dudley sees no need for fiscal stimulus at time of solid growth
(DBN)

The Financial Crisis is Now Officially Over
(DBN)

Only 11% of people say getting rich means making it in America
(DBN)

Senate Passes Republican Tax Bill In Huge Win For Trump, GOP McConnell: Tax Bill Won't Add to Debt McConnell Wins by Breaking His Own Rules Winners and Losers in New Tax Bill Senate Tax Bill: 4 Winners, 3 Losers Warner Calls Senate Tax Vote ‘Swamp 101,’ GOP Cites Transparency Republican Deficit Hawks Vanish in Senate Race to Pass Tax Bill Why states like New York, New Jersey and California could get hammered by the new tax bill Tax Bill Shifts Burden to Middle Class How the Senate tax bill changed in the GOP rush to pass it More Than 50% of Lobbyists Worked on Tax Bill 2 holdout GOP senators may have just put the tax bill over the top Senate GOP Reaches SALT And Pass-Through Tax Rate Deals Senate Republicans are confident they have the votes to pass tax bill Senate Scorekeeper: Tax Plan Adds $1 Trillion to Deficit Bush tax-cut architect dismisses JCT scoring of the Senate tax bill as a 'fraud' Senate tax bill appears set to pass Here’s what’s next for the Senate’s tax bill The GOP tax plan is a multibillion-dollar gift to China and Germany Trump's Tax Promises Undercut by CEO Plans to Help Investors AARP: Health Care Costs Soar Under Senate Tax Plan All of America is doomed to repeat a mistake Kansas made 5 years ago Marco Rubio and Ivanka Trump score a partial victory on the child tax credit GOP's Last Minute Tax Maneuvers Many Tax Promises Could Haunt Republicans Republican tax bill is 'fiscally irresponsible' and based on 'delusional' assumption, investor says Congress Achieves the Impossible on Tax Reform How the Tax Bill Affects Charities The 7 Myths of the GOP Tax Bill Brutal Economic Analysis of Tax Bill Competing Tax Bills Now Go to Reconciliation The Biggest Sticking Points Between Senate and House Tax Bills Republicans still have a lot of differences between the House and Senate tax bills to hash out New tax bill offers last-minute breaks for developers, banks and oil industry Tax Havens Lobbied to Keep Loopholes How a Company Will Spend Its Tax Cut Money Why Republicans Cherish Their Unloved Tax Cut Trump suggests 20% corporate tax rate may not be ironclad, as he expresses a willingness to raise it
(DBN)

GOP Eyes Post Tax Cut Changes to Welfare, Medicare and Social Security GOP's Next Move? Slash Entitlements
(DBN)

Are Wealthy Baby Boomers Trashing the Country on Their Way Out the Door?
(DBN)

The U.S. companies with the most cash parked overseas
(DBN)

What Happened When NCarolina Cut Taxes?
(DBN)

Ending NAFTA Will Damage Texas Economy Trump’s NAFTA Threat Makes Him the Grinch to Oregon Tree Growers
(DBN)

Family making $100,000 is 'upper-middle class but it sure doesn't feel like it'
(DBN)

Outsourcing of US Jobs Picks Up Under Trump
(DBN)

FactCheck: Trumponomics
(DBN)

Quarles: Fed to Propose More Transparent Bank Stress Tests
(DBN)

It's hard to figure out the impact the iPhone has on the global economy
(DBN)

Do Employers Overestimate the Value of a College Degree?
(DBN)

Even a $1 million retirement nest egg isn't enough anymore
(DBN)

Hurricane recovery to drive growth in remainder of 2017
(DBN)

Year-to-Date Performance: Employment, Vehicle Sales, New Home Sales
(DBN)

Mapping the Greatest Employers on the Planet
(DBN)

The Latte Index: Using the Impartial Bean to Value Currencies
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Lender Moves to Push Defaulting Soho Developer Into Bankruptcy
(DBN)

NAHB CEO: GOP is interested in our demands on the tax bill—nobody wants a housing recession
(DBN)

House Tax Bill Threatens to Make Housing Even Less Affordable for Poor
(DBN)

Mortgage Lenders Get Tax Fix by Finding a Glitch in Senate Bill
(DBN)

Construction Spending increased in October
(DBN)

The housing inventory crisis is keeping older millennials stuck with their parents
(DBN)

California becomes ground zero in the US's affordable housing crunch and gentrification debate
(DBN)

Home Builder Accused of Default Swap Scheme With Blackstone Unit
(DBN)

Mortgage Servicer Walter Investment Management Files for Bankruptcy
(DBN)

This is How Long It Takes to Sell a House
(DBN)

The Resegregation of America
(DBN)

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Municipalities:

Aurelius v. Puerto Rico's Control Board: What's the Game?
(DBN)

In hitting most vulnerable, Hurricane Maria exposed Puerto Rico’s economic struggles
(DBN)

Montana company sues over payments for Puerto Rico grid work
(DBN)

Puerto Rico gives out Christmas bonuses after asking for $94 billion in hurricane relief
(DBN)

In Puerto Rico , a sinkhole of rebuilding struggles
(DBN)

Puerto Rico's post storm economy, in context
(DBN)

Tax reform is nightmare Déjà vu for Puerto Rico
(DBN)

MI: Shoring up struggling municipal retirement benefits goal of Republican bills
(DBN)

How Cash-Strapped Chicago Snagged a Triple-A Rating for Its New Bonds
(DBN)

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Oil/Gas:

Oil Falls After US Drilling Picks Up
(DBN)

Oil Rigs "Rigs continue to move ahead"
(DBN)

With OPEC Meeting Done, Economy Set to Drive Oil
(DBN)

Big Shale Turns OPEC Ally From Foe With Focus on Oil Returns
(DBN)

OPEC Can Drain Oil Glut with a Calculator
(DBN)

Monuments Downsizing: It's About Drilling
(DBN)

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Corporate Reform:

US consumer financial watchdog official defies Trump from within agency Democrats say fight over acting director of CFPB isn't over Mick Mulvaney: My job is to prevent CFPB from “interfering with capitalism” Mulvaney Can Undo Cordray's Legacy House lawmakers move to repeal new CFPB payday lending rules US states gird for fight as Trump targets consumer finance watchdog Dissolving watchdog agency would be bad for consumers Dodd and Frank Criticize Court Ruling on CFPB Leadership There Are 12 Billion Reasons To Keep The CFPB Independent
(DBN)

May be Hard to Undo Warren's CFPB
(DBN)

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Personal Finance:

3 attention-grabbing ways to make your cover letter stand out from the the pile
(DBN)

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Religion:

Judge approves RCC sale to UNCI
(DBN)

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Mail:

Postal regulators move to let stamp prices jump higher
(DBN)

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Defaults:

US Leveraged Loan Default Rate Rises to 13-Month High
(DBN)

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New Bankruptcy Opinions
(8 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (28 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (13 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:

New Bankruptcy Form, Rules Take Effect
(DBN)

Procedures for Filing Bankruptcy Claims Changed Today! Read. Learn. Be Prepared.
(DBN)

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Insurance:

Claims Made Policies: The Problem of Pre-Policy Period Dispute Communications
(DBN)

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Politics:

Trump is ‘cracking up,’ New York Times columnist Michelle Goldberg writes
(DBN)

Top Trump transition official in private email: Russia 'has just thrown' the election to Trump
(DBN)

Mitch McConnell reverses call for Roy Moore to drop out of Alabama Senate race Roiled by Roy Moore misconduct accusations, the Alabama Senate race has gone off the rails Amid accusations, Roy Moore fighting for campaign cash
(DBN)

Trump: I'm Unbeatable in 2020
(DBN)

President Trump's Staff Complain of Cockroach, Mice and Ant Infestations in the White House
(DBN)

Lou Dobbs: Detain Obama Now!
(DBN)

Trump reportedly once berated Hope Hicks for forgetting a machine she used to steam his pants while he wore them
(DBN)

President Trump is scheduled to visit Britain in February
(DBN)

Kushner Is Leaving Tillerson in the Dark on Middle East Talks, Sources Say
(DBN)

Lewandowski's Book on the Campaign: Trump Unleashed
(DBN)

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Health Care:

Obamacare Is on the Ropes—Again Senate Tax Bill a Major Blow to Obamacare
(DBN)

Veterans Affairs Illegal Hire Of Bankrupt Brain Surgeon Linked To Veteran Death
(DBN)

CVS Buying Aetna Health Care for $69 Billion
(DBN)

Lawrence Summers: Yes, the Senate GOP tax plan would cause ‘thousands’ to die
(DBN)

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Ethanol:

Trump disappoints fossil fuel proponents and Corn Belt base as EPA leaves biofuels program mostly untouched
(DBN)

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Distressed Investing:

Lynn Tilton loses fight for control of portfolio companies Lynn Tilton to appeal decision that takes away control of her portfolio companies Lynn Tilton Loses Challenge to Her Ouster From Board Seats Haters Gonna Hate Lynn Tilton, Also Take Companies Away From Her
(DBN)

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Cybersecurity:

Dems introduce bill to jail those who don't alert victims of a data breach
(DBN)

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Sports:

Sinking NFL viewership is threatening to crush ad sales
(DBN)

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Sovereigns:

17 Countries with Highest Level of Public Debt
(DBN)

Commerce Without Law
(DBN)

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UK:

'Brexit uncertainty' isn't the reason the British economy is doing so horribly
(DBN)

Toys 'R' Us confirms 26 stores will close in Britain three months after filing for bankruptcy in the US Hundreds of jobs at risk as Toys R Us proposes UK store closures
(DBN)

RBS decision to close 62 Scottish branches is 'morally bankrupt' says union
(DBN)

Pub and bar insolvencies rise 9% in past year
(DBN)

Retailer McColl's reassures on supply continuity after P&H collapse
(DBN)

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EU:

EU Proposals for Harmonization of Insolvency Practitioners and Judges
(DBN)

How Debt Backfired on Europe's King of Leverage
(DBN)

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PIIGS:

Hedge funds to fight Spanish government for toll road payout
(DBN)

Greece, Creditors Agree on New Package of Reforms Greece Reaches Deal with Creditors on Reforms Greece's Dangerous Budget Surplus
(DBN)

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Canada:

NCIX files for bankruptcy after closing all retail stores
(DBN)

Proposed Amendments to Insolvency Legislation Granting Super-priority to Pension Plan Deficits and Employee Benefits
(DBN)

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India:

Vijay Mallya Set To Return To UK Court As Extradition Trial Begins
(DBN)

Procedural Deficiencies for Insolvency Offenses
(DBN)

Promoters will look to settle out of court, post IBC tweak
(DBN)

HDFC Bank, world's most richly valued lender, has an unhappy secret
(DBN)

How righteousness crept into insolvency laws
(DBN)

Government plans to sell Air India domestic and international operations together
(DBN)

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Australia:

Inside the deal: How CBS outsmarted the Murdochs and turned The Eye on Network Ten
(DBN)

What? You’re Insolvent? That’s fine, just keep working.
(DBN)

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Venezuela:

How Maduro's Venezuela Playbook Borrows from Mugabe in Zimbabwe
(DBN)

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Africa:

Supermarket Chain's Collapse Shows Perils of Africa's Hottest Retail Market
(DBN)

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Singapore:

Maritime and offshore restructuring in Singapore: A safe harbour?
(DBN)

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