December 8, 2017

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Where Are The Bonuses? These Am Law 50 Firms Haven’t Matched Cravath Yet
(DBN)

A Lot Of People Are Interested In Becoming Lawyers This Year Law school applications up about 15% nationwide compared to last year
(DBN)

David Boies Isn’t Worried About Recent Scrutiny
(DBN)

Publicy-listed law firm Slater & Gordon avoids insolvency after shareholders approve hedge fund deal Slater & Gordon: The tale of the battered and bruised personal injury giant Slater and Gordon to shut four offices in the UK
(DBN)

Sedgwick's London Office Down to One Partner
(DBN)

Sidley Swaps SCOTUS Star Carter Phillips for New York-Based Chairman
(DBN)

Clifford Chance re-elects global managing partner
(DBN)

Questions on California bar exam line up with lawyer jobs data, study finds
(DBN)

A Deep Dive Into The History Of One Of America’s Premier Law Firms
(DBN)

What are lawyers worth? Self-regulation perpetuated bespoke myth, op-ed says
(DBN)

Lawyer’s tardiness wasn’t enough of a reason to toss suit, 2nd Circuit rules
(DBN)

The Next Phase Of Legal Technology Has Already Been Built
(DBN)

When All Else Fails, Beg
(DBN)

Power Niche Marketing: Why Should I Hire You?
(DBN)

Guys, I’m Worried About Alan Dershowitz
(DBN)

Lawyer Slack becomes LawyerSmack, adds functionality and membership fee
(DBN)

Lawyer works and sleeps in shack to raise money for her nonprofit law firm
(DBN)

Must-have Apple Watch and iPhone apps for lawyers
(DBN)

A Missing Piece Falls Into Place in the Saga of Michael Flynn Christie Fired for His Flynn Warning to Trump Trump's long and winding history with Deutsche Bank could now be at the center of Robert Mueller's investigation Will Richard Nixon's Three-Pronged Defense Work for Trump? Adam Schiff Knows Even Less About Attorney-Client Privilege Than Donald Trump Jr. Most Americans think Trump campaign had improper Russia contacts Stark Partisan Divisions Over Russia Probe, Including Its Importance to the Nation DOJ's Rod Rosenstein says he's satisfied with Mueller's probe, which Trump calls a 'witch hunt' Ethics Committee Clears Nunes Mueller Is Making Sure His Investigation Will Live On Even If He’s Fired Will the GOP Take Down Mueller? Congress Finds More Trump Jr. Emails FBI director rebukes Trump, says the FBI's reputation isn't 'in tatters' and 'worst in history' Trump’s own FBI chief contradicts him: Comey is right about the state of the agency Steele Dossier on Trump Looking More Real
(DBN)

Will Biglaw Firms Get Caught In The Weinstein RICO Lawsuit? The 6 women suing Harvey Weinstein are using a gangster law originally designed to take down the Mafia — and experts warn it won't be easy Al Franken resigning 'in the coming weeks,' calls out Trump and Moore Read Al Franken's full resignation speech Inside the Demise of Senator Al Franken I Believe Franken’s Accusers Because He Groped Me, Too Some conservatives are starting to come to Al Franken's defense, saying he was taken out by a 'lynch mob' Every allegation against Al Franken What Congress Can Learn from Al Franken Dems more willing to take on their own over sexual harassment Democrats are setting themselves up perfectly to pummel Republicans on harassment in 2018 Clinton Campaign Accused Of Knowing About Weinstein Allegations But Continuing His Use As Fundraiser Kirsten Gillibrand’s Moment Has Arrived Franken's Senate Fate and Moore's Future Congress' harassment fallout has only gotten started Rep. Trent Franks to resign after discussing surrogacy with female staffers Hedge fund titan Sam Isaly steps down after harassment allegations GOP senator rebukes party for equating Franken to Moore: ‘There’s a difference between 14-years-old and adult’ Ethics Panel to Talk to Farenthold Accuser Women Line Up to Run for Office, Harnessing Their Outrage at Trump Bryan Singer Is Being Sued for Allegedly R----- a 17-Year-Old in 2003
(DBN)

DOJ Video: Sessions Derides Intern
(DBN)

Bernie Sanders' wife's land deal still under FBI probe
(DBN)

15 tips for surviving your office holiday party
(DBN)

Juries Are Better At This Than You’d Think
(DBN)

At least a dozen people injured, suspect 'down' after shooting at New Mexico school, official says 2 students dead after high school shooting in New Mexico
(DBN)

Former cop sentenced to 20 years for fatally shooting unarmed black man
(DBN)

House Employment Counsel staff testifies: White ex-boss used whip at work to ‘motivate the black employees’
(DBN)

Prosecutor rebuts Gomery's claim of "frame job" in murder for hire case arising from bankruptcy
(DBN)

Couple Caught Getting Busy in Car at 70 MPH
(DBN)

Partner who denied cheating in Xmas quiz resigns
(DBN)

Firm brings Christmas cheer with insolvency-themed panto
(DBN)

UK: Glamorous Solicitor of the Year 2017: Round One
(DBN)

Man fined by court after ‘Super Liking’ ex-girlfriend on Tinder
(DBN)

The Keanu Reeves cinematic guide to being an ‘excellent!’ criminal defense attorney
(DBN)

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Judges:

BK CO: Chief Judge Michael E. Romero Reappointed
(DBN)

Justice Department left ‘incorrect impression’ in stay request, federal judge tells Supreme Court
(DBN)

Hardcover Hazards: 4 Ethics Risks For Judges Writing Books
(DBN)

Nominations of 10 Federal Judges Advanced in Senate Senate Judiciary Committee advances Grasz and 9 other judicial nominees on party-line vote
(DBN)

The Next Nominee to the Supreme Court
(DBN)

Judge presiding over Mike Flynn's case has been recused Flynn Judge Suddenly Recuses Himself from Case
(DBN)

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Wall Street:

US futures point to higher open as jobs data looms
(DBN)

Nasdaq flirts with weekly gain as tech futures lead U.S. stocks higher
(DBN)

Dow jumps 100 points, tech stocks rise
(DBN)

The Dow could suffer a 2,400 point blow at any time, warns Wall Street legend Byron Wien
(DBN)

The next stock market crash will look a lot different than the financial crisis
(DBN)

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Layoffs:

California’s WARN Act Applies to Temporary Layoffs
(DBN)

GE Cuts Jobs as It Navigates a Shifting Energy Market GE Ranks First in 2017 Downsizing After 12,000 More Job Cuts
(DBN)

Ad execs latest victims of NYT layoffs
(DBN)

Robots Will Transform Fast Food
(DBN)

There are 170,000 fewer retail jobs in 2017—and 75,000 more Amazon robots
(DBN)

Molded Fiber Glass announces 409 job cuts
(DBN)

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Retailing:

Creditors Put Toys 'R' Us Debt Under Microscope
(DBN)

Dismantling Sears to Save It
(DBN)

Struggling Toys R Us Plans To Pay Executives Millions In Bonuses Toys 'R' Us executives could get $14m bonuses as shop floor staff face losing their jobs
(DBN)

Five Ways Steinhoff Could Try to Save Itself If It Acts Swiftly Steinhoff's Suffering May Persist as Debt Repayments Loom
(DBN)

Furious shoppers say Whole Foods' produce has turned 'depressing,' 'barren,' and 'bone-dry' — and they blame Amazon
(DBN)

PetSmart Lenders Are Worried About a Chewy.com Spinoff
(DBN)

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Currency:

Bitcoin tops $16,000 after wild 48 hour surge Bitcoin tops record $19,000, then plunges in wild 2-day ride While you're tallying your bitcoin gains, don't forget Uncle Sam Bitcoin Exchanges Buckle Under Pressure As Value Blazes Past $16000 Bitcoin plummeted just hours after setting yet another record
(DBN)

Wall Street can't wait to short bitcoin
(DBN)

Global banking regulator sends a warning to bitcoin investors
(DBN)

'Bitcoin crash’ among significant market risks in 2018, says Deutsche Bank
(DBN)

Bitcoin could rise to $100,000 or more before crashing to zero, says Interactive's Peterffy
(DBN)

Bitcoin's Future Is All Mapped Out
(DBN)

The Bitcoin Whales: 1,000 People Who Own 40 Percent of the Market
(DBN)

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Politics:

Alabama Senate Race Exposes Deep Rift Within Republican Party Jones ad wrongly attacks Moore Fox News guest: Seducing 14-year-olds “may not have been that unusual” 40 years ago For decades, conservative Christian voters insisted that character counts. In 2017? Values voters are hard to find Roy Moore: America “was great at the time when families were united — even though we had slavery” The Roy Moore Republicans George Will: Moore is Already Disqualified
(DBN)

‘You literally just have to Google it’: Internet drags Trump for botching FDR’s ‘Infamy Speech’ in Pearl Harbor tweet
(DBN)

Bannon a ‘Specialist’ in Picking Loser Senate Candidates, McConnell Says Utah Republicans defend Romney after Bannon's 'Mormon' jab
(DBN)

Sarah Huckabee Sanders Just Invented A New Excuse For Why Trump Won’t Release His Taxes
(DBN)

Top GOP senator says 2017 'has seen the erosion' of 'order and the institutions that protect it'
(DBN)

Pew: Trump's Approval Rating Falls Again Trump's popularity falling with almost every demographic, poll finds Trump remains historically unpopular
(DBN)

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Economy:

US weekly jobless claims total 236,000 vs 240,000 expected Weekly Initial Unemployment Claims decrease to 236,000
(DBN)

We're about to get the first 'clean' jobs report in a few months — here's what Wall Street is looking for Jobs boom likely carried over into November November seen as another strong month for hiring and wages should be on the rise
(DBN)

America Is Getting the Make-Work Jobs It Needs
(DBN)

The U.S. economy is creating millionaires at an astonishing pace. But what’s it doing for everyone else?
(DBN)

Household wealth jumps to near $97 trillion, 72 percent higher than crisis level Fed's Flow of Funds: Household Net Worth increased in Q3 Household wealth climbs $1.7 trillion on stock market, house price advances
(DBN)

US: Largest Productivity Rise in 3 Years
(DBN)

President Trump's Middle-Class Tax Pledges Go Unfulfilled in Senate Bill Apple could be the biggest winner of the tax plan Amazon, Facebook, and Google could save billions under the GOP tax bill Rich homeowners in blue states are among the biggest losers in the GOP tax plan Sen. Cornyn signals GOP could tweak state and local deductions in final tax bill Now businesses are alarmed about the GOP tax overhaul, too The 12 companies that could pay the highest effective rates in the GOP tax plan Biggest Tax Cuts Ever? Nice Try, Mr. President GOP Tax Plan Not Doing Well at the Polls Moelis Says He’s Concerned New York City May Lose Its Allure With Tax Changes Worst fears of corporate tax cut opponents showing signs of coming true Trump’s richest friends are asking for changes to the GOP tax plan, and he’s listening Home Depot just showed who will gain the most from corporate tax cuts This chart shows how the GOP tax plan will hit your wallet
(DBN)

This Is the Long Game of Republican Economics
(DBN)

GOP Sharpens Knives for Retirement Cuts
(DBN)

The World Might Be Better Off Without College for Everyone
(DBN)

Trump's infrastructure plan is reportedly coming in January
(DBN)

5 Richest Counties Are D.C. Suburbs
(DBN)

In year of chaos, Trump’s boost to economy can’t be denied Billionaire Leon Cooperman: If Hillary Clinton had won the presidency, the US would be in a recession
(DBN)

Here's why the government shutdown scare tactics don't hold up House Dems to oppose spending bill day before shutdown House Passes Temporary Spending Bill Congress Clears Spending Bill, No Shutdown
(DBN)

A crackdown on foreign work visas would devastate the US economy, says this CEO
(DBN)

Trump Fact Check: "We’re … getting into the pool of the 100 million people that are not working. That pool is now coming back."
(DBN)

What Happened to the American Boomtown?
(DBN)

Infrastructure: Governments Increasingly Create Toll Roads
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

So. Cal. Luxury Real Estate Developer Woodbridge Group Files Chapter 11 Case
(DBN)

The profits made from flipping homes continues to shrink
(DBN)

Leading Index for Commercial Real Estate "Remains Strong" in November
(DBN)

CoreLogic: "2.5 million Homes still in negative equity" at end of Q3 2017
(DBN)

Manhattan Lawyer Who Bilked Distressed Homeowners Disbarred
(DBN)

Idahoans who lent to this Canyon County house flipper ask: What happened to our money?
(DBN)

The Tax Bill Is Bad for Homeowners, Good for Landlords Homebuying Doesn’t Hinge on the Mortgage Tax Break
(DBN)

FHA increases loan limits in nearly every area of U.S. for 2018
(DBN)

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Municipalities:

U.S. counters hedge fund's attack on Puerto Rico oversight board
(DBN)

Puerto Rico Bankruptcy Statement Filed
(DBN)

The Spirit of Resistance Is Alive in These Photos of Puerto Rico’s Graffiti
(DBN)

The Federal Regulators Whining About Christmas Bonuses In Puerto Rico Enjoy Obscene Salaries PAID BY PUERTO RICANS
(DBN)

Beyond Hurricane Maria: Federal Action in Puerto Rico with PROMESA
(DBN)

CT: Governor Warns Of Transportation Fund Insolvency
(DBN)

MI: Lansing fiddles as cities burn budgets
(DBN)

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Oil/Gas:

Demand for electric vehicles rising in 2017
(DBN)

India's Largest Refiner Looks To Ditch Oil In Favor Of Renewables
(DBN)

A full-scale Venezuelan default could push up oil prices
(DBN)

Bankrupt energy producer surrenders offshore leases to California
(DBN)

GE's 12,000 job cuts highlight uneasy shift to renewable energy
(DBN)

Big crude inventories dip offset by products build
(DBN)

Why Isn't Wall St. Backing The Next Shale Boom?
(DBN)

Oil Investors Are Growing Impatient
(DBN)

______________

Weather:

Los Angeles: Fires Force Over 200,000 to Flee Hurricane-force gusts could cripple battle vs. Southern California wildfires Did Climate Change Worsen the Southern California Fires? California Is Running Out of Inmates to Fight Its Fires LAFD Chief: ‘Our People Are Getting Tired’ Why these California wildfires are so destructive Southern California fires enter Los Angeles County 'Never thought I'd get to actually play "what would you grab if there were a fire?"': Chrissy Teigen, Jennifer Garner and Chelsea Handler are among celebrities fleeing their homes ‘Huge Flames Ripping Down The Mountain’: Thomas Fire Roars Back To Life, Homes Threatened In Santa Paula More than 400 structures destroyed in 115,000-acre Ventura County wildfire Ojai California Surrounded by Wildfires The Creek fire left Wildlife Waystation staffers working in the dark with lions, chimpanzees and bison Southern California stunned by spread of wildfires: ‘We weren’t prepared’ In Pictures: Southern California wildfires rage out of control Los Angeles wildfires rage overnight as 'extreme wind' forces residents to flee homes Map of Southern California fires San Diego County's Lilac fire explodes to 4,100 acres Fires rage from San Diego to the San Fernando Valley California: Is Everything on Fire?
(DBN)

______________

Taxis:

Barwood Finds Tentative Buyer for Taxi Assets in Bankruptcy Case
(DBN)

______________

Pensions:

Retired Teamsters Facing Dramatic Pension Cuts See Hope in New Federal Legislation
(DBN)

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Gambling:

Cal Neva Resort & Casino sale in jeopardy
(DBN)

______________

Food/Beverage:

Grocery store sale awaits judge’s signature
(DBN)

______________

Corporate Reform:

Mulvaney Faces New Bid by English to Unwind His CFPB Role
(DBN)

______________

Bankruptcy Crimes:

Boulder spinal surgeon indicted on charges of bankruptcy fraud
(DBN)

______________

Banking:

Mulvaney: Maybe Wells Fargo Suffered Enough
(DBN)

______________

Autos:

Air Bag Recalls: More Than Half Not Done
(DBN)

______________

Hedge Funds:

Hedge fund manager pays himself £270 million — £70 million more than his fund's profits
(DBN)

______________

Aviation:

Island Air bankruptcy is ‘a catastrophe,’ judge says
(DBN)

______________

Student Debt:

All I want for Christmas is a gift of a student loan payment
(DBN)

______________

New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (18 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (11 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:

November Commercial Chapter 11 Filings Up 12% Over 2016
(DBN)

November bankruptcies climb year-over-year
(DBN)

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Receivers:

Receiver Can Complete Construction Project Despite Owner's Bankruptcy Filing
(DBN)

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TBTF:

Years after Lehman: Final rules set on strengthening banks
(DBN)

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Make-Whole:

There is NO Split of Authority on Make-Whole Premiums Between the Second and Third Circuits
(DBN)

______________

Cross-Border:

Cross-Border Clash for the Brazilian Dutch Telco in the U.S. Courts
(DBN)

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Litigation:

Litigation Funders’ Collateral Did Not Include Malpractice Claims
(DBN)

Attention corporate defense lawyers: Work product is up for grabs if you blab to feds
(DBN)

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Retailing:

Dollar General to open 900 new stores in 2018
(DBN)

______________

Cybersecurity:

North Carolina County Refuses to Pay $23,000 Ransom to Hackers
(DBN)

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Fraud:

Deliberations start in trial of Kent Lindemuth
(DBN)

Man who bilked $100M from investors flees California prison Seattle crook behind $120M Ponzi scheme missing from prison
(DBN)

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Entertainment:

New York Times Goes After Weinstein Company Again, For Unpaid Ad Bills
(DBN)

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Health Care:

Majority Want Government to Ensure Healthcare Coverage
(DBN)

Senator’s Shaky Obamacare Deal Poses Tax Challenge
(DBN)

______________

Solar:

FHA to stop insuring mortgages with PACE loans
(DBN)

Both sides in solar trade case make their last public stand before Trump's final decision
(DBN)

______________

Education:

Voucher Schools Are Teaching Some Truly Insane Things
(DBN)

______________

UK:

UK Agrees to Brexit Divorce Deal The UK government says it will pay a £39 billion Brexit divorce bill Brexit Talks Finally Have a Breakthrough U.K. and E.U. reach "phase one" Brexit deal U.K. and EU Strike Brexit Deal, Opening Path to Trade Talks Farage Slams 'Humiliation'
(DBN)

Brussels Brexit breakthrough: Early morning deal keeps temporary role for EU court Brexit: UK fails to retain voice in European court of justice
(DBN)

ICAEW predicts weak GDP growth for the coming year
(DBN)

UK Grows Increasingly Hostile to EU Citizens
(DBN)

A Fight over the Runway II – Monarch Successful on Appeal
(DBN)

Insurers not entitled to a lien over litigation proceeds of a foreign insolvent company
(DBN)

Brexit and the UK Insolvency Regime
(DBN)

Standard Chartered Boss Says Brexit 'Already Harming' London
(DBN)

Toys 'R' Us bosses set for £10.5m in bonuses - despite firm going bankrupt and shutting a quarter of its UK stores
(DBN)

London housing transactions plummet 18% as Brexit, stamp duty, and mortgage rules bite
(DBN)

______________

EU:

'Death spiral': half of Europe's coal plants are losing money
(DBN)

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PIIGS:

After nearly a decade of economic crisis, Greece has stopped dreaming
(DBN)

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MENA:

Jerusalem Plan a Deadly Provocation There Was No Upside to Jerusalem Decision Moving Embassy to Jerusalem Not a Disaster Jerusalem: Consequences Come Quickly Jerusalem is Sacred for All Religions What to expect next after Trump's Jerusalem move Arabs, Europe, UN reject recognition of Jerusalem as Israeli capital Jerusalem riots spread to Indonesia and Malaysia as terror group Hamas promises ‘day of rage’ over Trump over embassy move The State Department has just issued a 'worldwide' travel warning following Trump's Jerusalem announcement 'Decades of chaos': Arab leaders condemn US decision on Jerusalem
(DBN)

______________

Argentina:

Former Argentine President Kirchner has been charged with treason
(DBN)

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Australia:

Reduction of the Term of Bankruptcy: Proposed Reforms to Bankruptcy Law
(DBN)

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India:

Bombay High Court dismisses Reliance Navy plea against IFCI
(DBN)

India Invokes Rarely-Used Measure to Gain Control of Realty Firm Unitech Taken Over Under Bankruptcy Law: Foreign Media Court allows government to replace Unitech directors - judge
(DBN)

Insolvency Ordinance Faces First Challenge In Court
(DBN)

Insolvency and Bankruptcy Code ordinance: Another shock for small enterprises?
(DBN)

DCHL case: Bank wants insolvency professional out
(DBN)

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Singapore:

Singapore High Court Refuses Application For First Case Of Super Priority Rescue Financing – A Comfort And Caution For Banks.
(DBN)

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China:

What Debt Problem? Chinese Firms in Their Best Shape in Years
(DBN)

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Bahamas:

Chinese firm completes purchase of Baha Mar Casino and Hotel
(DBN)

Restructuring and Insolvency Association formed in The Bahamas
(DBN)

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South Korea:

Seoul gives creditors more power in corporate restructuring S.Korea to step up monitoring of debt-laden firms in corporate overhaul
(DBN)

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Venezuela:

The silent creditor group in Venezuela's debt crisis: Venezuelans
(DBN)

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