December 5, 2017

The Daily Bankruptcy News

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3-Column Formating

 

Law:

No Bonuses For First-Year Associates At This Biglaw Firm • Associate Bonus Watch: Good News, Bad News Edition
(DBN)

David Boies Under Fire For ‘S***-Shaming’ • Has David Boies Become Our Whipping Boy?
(DBN)

Pre-Law Student Living In A Van To Cut Costs Before Law School
(DBN)

Peter Francis Geraci lawsuit goes to trial
(DBN)

Bud Light Lawyers Send Town Crier To Deliver Cease And Desist Letter
(DBN)

Norton Rose selects Australian head as first woman global chair
(DBN)

Minority lawyers do not make it to the top in law firms
(DBN)

July 2017 New York Bar Exam Results: Pass Rate Rises To 86% (+4%); CUNY, Pace, Syracuse Outperform Their Predictors
(DBN)

Allen & Overy moves to reassure junior lawyers after rookie is ‘hospitalized with exhaustion’
(DBN)

How To Make Life Changes, In Four Lines
(DBN)

What It Means For Newly Minted Lawyers To Take Their Oaths
(DBN)

Dealmakers Fear President Trump's ‘Negative Impact’ on M&A
(DBN)

One In-House Counsel's Crisis Management Advice: 'Run Into the Flames'
(DBN)

Suck It Up, Junior Lawyers (blocked from upward mobility) - Partners Can't Afford to Retire
(DBN)

A World of Twitter Pain for Trump Lawyer John Dowd •Fmr White House Lawyer: Trump's Attorney 'Should Be Disbarred' For Incriminating Flynn Tweet • Trump Can't Confess to Anything in a Tweet • The president ‘cannot obstruct justice,’ Trump’s lawyer says • Sessions argued in Clinton impeachment that presidents can obstruct justice • Can the President Obstruct Justice? • Trump Lawyers Try to Take Obstruction Charges Off the Table • Does Article II protect Trump from obstruction of justice charges? • It Is Now an Obstruction Investigation • Is President Trump's Legal Team Preparing For An Imminent "Obstruction Of Justice" Charge? • Can Mueller demand Trump lawyer Dowd testify about controversial tweet? • Trump Probably Thinks He's Legally Immune From a Mueller Indictment. He's Wrong. • Trump: 'I feel very badly for General Flynn' • The Good, The Bad, and The Ugly Of The Flynn Plea • Paul Manafort wrote op-ed with colleague in Russia, prosecutors say • 'The last president to vilify the FBI was Nixon' • McFarland testified she wasn't aware of Flynn contacts she emailed about • An old tweet returns to haunt Sarah Huckabee Sanders • Mueller reportedly subpoenaed Deutsche Bank for information on Trump and his family • Mueller Moves To Block Manafort Release From Home Confinement Over Drafting Of An Opinion Piece • Manafort Ghostwrote Op-ed Meant to Make Himself Look Good, Mueller Says • House Panel Head Threatens FBI, DOJ • 'Keep calm and tackle hard': FBI director sends out motivational email to agents after Trump's fiery tweets • Trump's survival plan • Mueller's Credibility Problem • Your Guide to Understanding the Trump-Russia Saga
(DBN)

Law profs ask if Flynn and a Trump transition team member violated the Logan Act
(DBN)

Magic Circle Firms Warned Over Implications of Failure to Tackle Harassment • Bill O’Reilly Is Sued by Woman Who Settled Over Harassment Accusations • NBC has some serious explaining to do • Conyers will not seek re-election • Dustin Hoffman confronted over claims in heated live interview • Roy Moore's Liberal Enablers • In wake of Weinstein, men wonder if hugging women still OK • Facebook’s Sheryl Sandberg warns of a “Me Too” backlash against women at work • Journalist accuses Rev. Jesse Jackson, director John Singleton of harassment • Farenthold Promises to Repay Taxpayers
(DBN)

Why Steinle ‘Not Guilty’ Verdict Is Not ‘Disgraceful’
(DBN)

Texas Massacre Victims Threaten Negligence Lawsuits Against U.S. Air Force
(DBN)

Miami Doctors Allow Man To Die Because Of “Do Not Resuscitate” Tattoo On Chest
(DBN)

Lawyer jailed for saying women in ripped jeans should be r----
(DBN)

Bullying Continues After 13-Year-Old Attempts Suicide, Is Put On Life Support
(DBN)

Sign-Language Interpreter at Serial Killer Press Conference Was Imposter, Police Say
(DBN)

Chris Murphy says national concealed-carry bill is dead on arrival in the Senate
(DBN)

Feds issue 4,000 gun seizure orders • FBI Leads Largest Seizure of Guns in a Decade
(DBN)

College Paper Fires Writer Who Called White DNA 'An Abomination'
(DBN)

He Opened Fire at a Chuck E. Cheese Birthday
(DBN)

Prosecutor Indicted For Trying To Help Police Get Away With Murder
(DBN)

Supreme Court grants Trump's bid to revive full travel ban for now
(DBN)

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Judges:

Judge Faces 30-Day Suspension Without Pay for Referring Hundreds of Mediations to Former Campaign Adviser
(DBN)

SCOTUS Wont Hear Gay Benefits Ruling Case
(DBN)

Judge's Rehab: Work for Coke for Free or Else
(DBN)

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Wall Street:

Wall Street set for a positive open as data, earnings take center stage; US tax plan in focus
(DBN)

US stocks close mixed after Senate tax vote
(DBN)

Trump’s Stock Forecast Fails After Senate Tax Bill’s ‘Bombshell’
(DBN)

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Layoffs:

Detroit: DMC cutting 150 jobs
(DBN)

CVS and Aetna used one word that should make employees nervous
(DBN)

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Politics:

Trump goes all out to support candidate accused of misconduct with minors • Republican National Committee reinstates support for Roy Moore in Alabama amid misconduct scandal • Woman who says Roy Moore dated her at 17 shares note he allegedly wrote • Controversies Surrounding Roy Moore Chill Alabama Business Community's Zeal for Politics
(DBN)

Tribes prepare to sue Trump after shrinking wilderness national monuments in Utah by at least half • Trump Strips Monument Protections from 2 Million Acres in Utah • Outdoor-clothing companies take a stand after Trump shrinks Utah monuments • Trump scales back two national monuments in Utah, drawing praise and protests • It's More than Just Monuments
(DBN)

White House Staffers Worry
(DBN)

Trump Ignores Haley on UN Immigration Pact
(DBN)

Corrine Brown sentenced to 5 years in federal prison
(DBN)

Harvard poll: Democrats and Republicans still fixated on health care
(DBN)

Nonpartisan Presidential Transition Group Disputes Trump Attorney
(DBN)

First Trial Over Gerrymandering Begins
(DBN)

Trump Approval Ties Weekly Low, at 35%
(DBN)

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Personal Finance:

Some parents are paying $325 for photos with Santa
(DBN)

Americans are fed up with giving one another gifts for the holidays
(DBN)

Behold, the ‘Holiday Doorman Tip-O-Meter’ is here...
(DBN)

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Amusement Parks:

February foreclosure set for Schlitterbahn's island water park
(DBN)

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Bankruptcy Crimes:

Kansas Man Facing Bankruptcy Fraud Hides 2,166 Firearms Worth $1.422 Million
(DBN)

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Radio:

iHeartMedia investors reject company plan to avoid bankruptcy
(DBN)

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Yoga:

Bikram Yoga Files for Bankruptcy —While Fugitive Founder Reportedly Hides Out in Acapulco
(DBN)

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Economy:

US factory orders slip; core capital goods orders revised up
(DBN)

Fed rate expectations on the rise before tax cuts passed Senate: Reuters poll
(DBN)

Republicans are still making a huge claim about the tax bill that every independent analysis rejects • Susan Collins is wrong to say that the tax cuts will pay for themselves, despite the economists she cites • GOP betting tax bill will boost economy before 2018, 2020 elections • Senate ditches House provision to close deductibility loophole for trial lawyers • How Tax Cuts Will Affect Average Americans • GOP's Corporate Tax Rate Isn't Permanent • Unsung losers in tax reform legislation: trial lawyers • ‘Death to Democrats’: How the GOP Tax Bill Whacks Liberal Tenets • This is who gets the biggest tax cuts under the Senate’s bill • Goldman Sachs doesn't think the Republican tax bill would be a big boost to the US economy • CEO: These Tax Breaks Will Not Trickle Down • How 4 big differences in the GOP tax bills could be fixed, according to House Majority Leader McCarthy • High earners see most income growth under Senate tax plan • Economist Larry Summers predicts 10,000 will die per year due to tax reform • Cramer: GOP tax cuts good for the stock market — working Americans not so much • House Majority Leader McCarthy: Senate tax passage on schedule proves overhaul can be done this year • Core of the Tax Plan: Trump's Broken Promise • GOP Killed Some Tax Breaks Donors Loved • Tax bill winners: Lowe's, Chipotle among those who pay highest rates right now • Pass-throughs save under GOP tax reform: Here's how to join their ranks • The Senate's tax bill encourages companies to bring their cash back to the US — here's which ones have the most overseas • Why Republicans don’t care what you think of their tax plan • Pelosi: GOP tax proposal 'the worst bill in the history' of Congress • The GOP Tax Bill Will Hurt U.S. Universities • Is the GOP tax plan an unprecedented windfall for the wealthy? We look at 50 years of data to find out. • Four lessons from the Senate tax bill • Gallup: Independents, Democrats Not on Board With GOP Tax Plan • After near-revolt, House votes to move tax bill to conference • GOP Tax Plan Supporters Cherry-Pick the Facts • GOP Senator says it’s hard to fund $14 billion children’s health program—then advocates for $1 trillion tax cut • Republican Orrin Hatch In Children's Healthcare Debate: Some People Won’t Lift A Finger To Help Themselves
(DBN)

2016: Corporations Earn Record Profits, Pay Record Low Taxes • 2016: 27 Profitable Corporations That Paid No Tax • Here’s what every S&P 500 company actually pays in taxes
(DBN)

After Push on Taxes, Republicans Line Up Welfare Revamp Next • GOP's Next Goal is to Shred the Social Safety Net
(DBN)

Tax cuts are halfway priced into the stock market, J.P. Morgan says • Cramer: 'This is not a rally.' It's 100% about tax reform
(DBN)

GOP billionaire Ken Langone: US needs to cut debt even if it causes a recession and a stock plunge
(DBN)

US Economy: Lives Up to Lowered Expectations
(DBN)

Treasury Department To Investigate If Treasury Secretary Is A Liar Or An Incompetent
(DBN)

The Trump administration is in danger of making a ‘huge’ mistake in NAFTA talks
(DBN)

4,000 years of the rise and fall of world empires in one chart
(DBN)

House Republicans introduce 2-week stop-gap to fund government, children's health insurance program • Clash Over 'Dreamers' Hangs Over Year-End Budget Talks
(DBN)

43% of Fortune 500 founded by immigrants or their children • U.S. Can't Walk Away From the Global Migration Crisis • Refugee Admissions into US Plunge 83% in 2 Month of FY18
(DBN)

FTI: Economic & Real Estate Report – 3Q 2017
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Real Estate Developer Woodbridge Group Files for Bankruptcy Amid SEC's Fraud Probe • Property group Woodbridge files for bankruptcy amid SEC probe • Robert Shapiro resigns from Woodbridge as company files for bankruptcy
(DBN)

In one of America's 'most miserable' cities, home prices have surged 92% in the last 5 years
(DBN)

Single Family Home Mortgage Serious Delinquency Rates Since 1998
(DBN)

Should you believe Zillow’s estimate of your home?
(DBN)

Deadline Extended for Bids on Bankruptcy Auction of Dowling College's Brookhaven Campus
(DBN)

Getting Nervous About 2018 and Homebuilders • Homebuilders' Shares May Be Set for a Teardown
(DBN)

How Tax Reform Could Kill a Million Affordable Homes
(DBN)

Black Knight Mortgage Monitor: Tax Changes may Reduce Supply of Homes for Sale
(DBN)

Update: Framing Lumber Prices Up Sharply Year-over-year
(DBN)

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Oil/Gas:

Seadrill: Calm Before The Storm
(DBN)

Goldman Sachs: There's no reason for oil markets to be nervous
(DBN)

Oil prices hold steady after soft start to the week
(DBN)

OPEC to maintain cuts until market balances, Saudis say
(DBN)

Oil slips on worries of possible shale oil surge • Shale drillers say higher oil prices won't spur rush
(DBN)

The Billion Barrels That Make or Break the Oil Market
(DBN)

Fitch warns of potential Citgo default
(DBN)

Farmers and Refiners: The Battle for Gasoline
(DBN)

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Corporate Reform:

Companies Plot New Approaches to CFPB as Trump's Team Takes Control
(DBN)

No, the two people who claim to run the Consumer Financial Protection Bureau have not met yet
(DBN)

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Currency:

Bitcoin posts another record high as JPMorgan touts its potential as 'emerging asset class'
(DBN)

Brokerage billionaire: Bitcoin futures could lead to a Lehman-style collapse
(DBN)

How The Winklevoss Twins Became The World's First Bitcoin Billionaires Off An $11 Million Investment
(DBN)

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Autos:

Tesla's Fatal Flaw That Bulls Are Ignoring
(DBN)

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Hedge Funds:

$3 trillion? Why the hedge fund industry is nowhere near as big as you think it is
(DBN)

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Health Care:

The GOP Tax Plan Is a Nightmare for Obamacare Insurers
(DBN)

Medicare is the worst, compared with health care in all of these countries
(DBN)

ACA mandate repeal may be less popular than GOP thinks
(DBN)

Doctors fired after 'dead' baby wakes on way to funeral
(DBN)

Where Does Your Medicine Come From?
(DBN)

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Aviation:

US airlines to scoop almost half of global profit in 2018
(DBN)

JAL Rebuilt: How Japan Airlines Escaped Bankruptcy
(DBN)

Defunct airports take flight with creative new uses
(DBN)

American’s Pilots Expose Fragility of CEO’s $1 Billion Labor Bet
(DBN)

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Solar:

Solar energy's perilous winter
(DBN)

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Media:

Gawker bankruptcy judge OKs subpoena for tech billionaire Thiel
(DBN)

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Logistics:

Amid bankruptcy, Wynit Distribution races to sell millions of dollars worth of inventory as vendors file suit
(DBN)

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Steel:

Can This 107-Year-Old Steelmaker Be Brought Back to Life?
(DBN)

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New Bankruptcy Opinions
(10 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (325 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (9 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 WD NY: Updated Filing Data
(DBN)

Using machine learning to predict bankruptcy
(DBN)

Weekly Bankruptcy Claims Trading Activity
(DBN)

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UST:

Attorney General Jeff Sessions Appoints U.S. Trustee and Acting U.S. Trustees to Cover Six U.S. Trustee Program Regions
(DBN)

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Celebs:

Rosa Parks’ lawyer surrenders items amid treasure hunt
(DBN)

DMX Tax Fraud Guilty Plea Cut 44 Year Prison Exposure To 5 Years
(DBN)

Randy Travis' N---- DWI Arrest Video Out
(DBN)

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Bankruptcy Rules:

Bankruptcy Rule Amendments Now in Effect
(DBN)

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Make-Whole:

Adam Rogoff Breaks Down Decisions in Momentive Performance and Millennium Health
(DBN)

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Ch. 13:

No Thanks: Most Districts Opt Out of National Chapter 13 Plan
(DBN)

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Bankruptcy Policy:

Optimal Capital Structure and Bankruptcy Choice: Dynamic Bargaining vs. Liquidation
(DBN)

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Retailing:

Surviving the Retail Shift: Looking Ahead; Lessons Learned from the Retail Shift
(DBN)

Payless trying to sell its Topeka, Kansas, headquarters
(DBN)

Vitamin World receives $26M bid from Latium Enterprises
(DBN)

Navigating Retail’s "Big Black Cloud"
(DBN)

Charming Charlie to close some stores amid rumors it will file for bankruptcy
(DBN)

A judge has forced Starbucks to keep running its failing Teavana stores in a chilling verdict for the retail industry
(DBN)

Dollar General CEO on the Economy
(DBN)

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Electricity:

Demand for electricity is dropping — and that could shake the power industry to its core
(DBN)

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Climate:

America Crowns a New Pollution King
(DBN)

Rapidly growing wildfire threatens hundreds of homes north of Los Angeles • Hundreds Forced to Flee as California Blaze Spreads
(DBN)

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Coal:

One of Trump's biggest coal backers says GOP tax policy will cost him $60 million a year
(DBN)

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Travel:

People keep finding hidden cameras in their Airbnbs
(DBN)

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Student Debt:

How Not to Erase Student Debt
(DBN)

House Education Bill Ends Key Student Protections that Will Lead to a Lifetime of Debt
(DBN)

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Sovereigns:

Odious Debts: A New Book
(DBN)

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UK:

Sterling rollercoasters as UK and EU fail to reach Brexit agreement • Sterling expected to fall much further if Brexit talks fail to break deadlock
(DBN)

The time is running out for Theresa May to save her Brexit deal • 11th Hour Upset to Brexit Deal Complicates Life for Theresa May
(DBN)

The pound continues to drop after Brexit talks breakdown
(DBN)

Toys R Us UK Seeks CVA Plan Approval • Toys 'R' Us puts restructure plan to British creditors • Toys R Us to close 26 UK stores putting 800 jobs at risk
(DBN)

Lawyers Have Their Own Brexit as Ireland Offers Way to EU Courts • Ireland Suddenly Has 1,000 More Lawyers
(DBN)

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EU:

Apple Owes Ireland $15 Billion in Back Taxes
(DBN)

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PIIGS:

Alitalia won't let bankruptcy stop it from rolling out chic new uniforms
(DBN)

Fitch: Greek Bond Exchange May Support Full Market Return • Greece believes there will be a deal on its debt issues 'very soon'
(DBN)

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Canada:

Canada Urgently Needs More China Trade
(DBN)

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Australia:

Major Overhaul in Bankruptcy Legislation
(DBN)

The Bankruptcy Court’s power to look behind a judgment
(DBN)

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MENA:

Saudi Arabia's corruption crackdown pauses after 200 detained, at least $50 billion seized
(DBN)

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India:

RComm down 5% on report of another insolvency plea
(DBN)

Banks set norms to select bidders for troubled assets
(DBN)

Bhushan Power and Steel Insolvency process set to enter second leg
(DBN)

Don’t Egg On Defaulters
(DBN)

Professionals knock NCLT doors to keep cos under insolvency running
(DBN)

Insolvency And Bankruptcy Code, 2016 : Role Of The Competition Commission Of India.
(DBN)

Mallya Funded Formula-1 Team With Kingfisher Fraud, Lawyer Says
(DBN)

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Venezuela:

Desperate Venezuelans Turn to Video Games to Survive
(DBN)

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