January 10, 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

Format For Mobile Device



Law:

Report: Firm Leaders Showing More Economic Confidence in 2017
(DBN)

2016 was a busy year for law firm mergers and acquisitions
(DBN)

Nationwide Layoff Watch: Biglaw Firm Tells Underperforming Office To Go Frack Itself
(DBN)

Jones Walker Names New Bankruptcy Partner
(DBN)

Sanction is upheld for unpaid lawyer’s refusal to represent indigent defendant
(DBN)

Law School Advertises On Breitbart Story Slamming Women Studying Math
(DBN)

3 Predictions For 2017
(DBN)

What Happened To The Law School Class Of 2010?
(DBN)

Atlanta’s Shifting Legal Landscape
(DBN)

Client Pitches Cost Up to $70K at Latham & Watkins
(DBN)

Troubled Charlotte Law School Will Open for Spring Semester
(DBN)

Duane Morris Faces $625M Suit Over Appellate Brief
(DBN)

How Service, Not Tech, Is Disrupting Legal
(DBN)

Posner criticizes ‘verbosity’ in appeals briefs in decision upholding closed voir dire
(DBN)

Above The Law’s 2016 Lawyer Of The Year Contest: The Winner!
(DBN)

Kaplan Test Prep Predicts Fall 2017 Law School Applicants Will Increase, Despite Early Declines, Due To Later LSAT Test-Taking
(DBN)

The Senate gym: Jeff Sessions' unlikely bipartisan oasis Inside the 116 Club, Jeff Sessions’ hidden haunt The black friends of Jeff Sessions Sherrod Brown Is the First Senator to Say 'No' to Jeff Sessions Why Sen. Jeff Sessions’ record in Alabama could complicate his confirmation Jeff Sessions Hopes to Escape His History of Racial Controversy at Confirmation Hearing What Are You Hiding, Jeff Sessions? In his own words, Jeff Sessions on making America great, again Jeff Sessions, the Grim Reaper of Alabama The Voter Fraud Case Jeff Sessions Lost and Can’t Escape Jeff Sessions Wanted to ‘Drop the Case’ Against KKK Lynching, Attorney Testified Black pastors rally in Washington for AG nominee Jeff Sessions In historic move, Sen Cory Booker to testify against Trump AG pick Jeff Sessions
(DBN)

How to Be a Lawyer Without Going to Law School
(DBN)

Legal AI: It’s not just for Big Law – Salazar Jackson and ROSS Intelligence
(DBN)

Why police returned a gun to the man later accused in Fort Lauderdale airport shooting
(DBN)

Cal. Finalizes Opinion on Regulation of Lawyers’ Blogs
(DBN)

______________

Judges:

Chief Judge For BK SD FL Gets Distinguished Federal Judicial Service Award
(DBN)

Ginsburg didn’t announce she’d resign to protest Trump election; wire service warns of fake stories
(DBN)

Kid Dressed As RBG For Superhero Day — Her Notoriousness Responds!
(DBN)

Trump SCOTUS Short-Lister Gorsuch: Five Things to Know
(DBN)

Judge who branded abusive defendant ‘a bit of a c---’ cleared of misconduct
(DBN)

Retiring judge confesses he once drew a ‘very large p------’ on court messaging system
(DBN)

Play That Funky Music… Your Honor?
(DBN)

Schumer Uses McConnell's Own 2009 Demand Letter Against Him
(DBN)

Conservatives plan $10 million high court ad campaign
(DBN)

The Supreme Court Will Lean Conservative Again
(DBN)

______________

Wall Street:

U.S. stock futures on pause ahead of key events
(DBN)

Stocks close mixed: Nasdaq hits record, Dow falls below 19990
(DBN)

Dow flirts extremely close to 20K milestone
(DBN)

BlackRock's Robot Stock-Pickers Post Record Losses
(DBN)

______________

Layoffs:

The Limited suddenly shut down all of its stores and laid off thousands of workers 4,000 jobs gone in Limited stores closing
(DBN)

Trunk Club, David Barton Gym warn of layoffs
(DBN)

Rocket Fuel slashing 93 jobs
(DBN)

Parrot is laying off 290
(DBN)

144 layoffs coming at CompuCom
(DBN)

Merrimack to sell off its cancer drugs, slashes workforce by 80%
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Politics:

Third lien on Trump hotel brings alleged unpaid bills to over $5 million Reince Priebus: Donald Trump Won't 'Meddle' With Social Security And Medicare Trump’s Son-in-Law Kushner Said to Become White House Adviser Why Donald Trump's selection of his son-in-law for a top White House job is a dicey decision Trump’s Canceled Overseas Projects Brought in a Mere $323,150 Trump has taken few steps to disentangle from private empire Donald Trump was bailed out of bankruptcy by Russia crime bosses
(DBN)

What the GOP Really Thinks of Trump
(DBN)

What the US military really thinks about Obama
(DBN)

US intel report: Risk of conflicts between nations will increase over the next 5 years to levels not seen since the Cold War
(DBN)

House GOP Quietly Shields Lawmakers Records from Ethics Probes
(DBN)

______________

Electricity:

FERC signs off on $18B NextEra-Oncor deal
(DBN)

______________

Retailing:

Could de-malling be next step for Fashion Square, other struggling malls? A giant wave of store closures is wreaking havoc on shopping malls
(DBN)

The fate of American Apparel's 3,500 LA workers will likely be decided this week For sale, a slightly used L.A. clothing company Gildan wins American Apparel auction with $88 million bid American Apparel Looks Like It Could Be Going Canadian American Apparel auctions off its assets
(DBN)

Court Approves British Company’s Bid for Bankrupt Nasty Gal
(DBN)

Analysts Predicting Sears Bankruptcy Sears Unleashes More Confusion By 'Selling' The Craftsman Brand To Stanley Black & Decker
(DBN)

The Limited owner almost doubles investment, but closing all stores
(DBN)

______________


Economy:

Trump’s trade policy: protecting American workers at the expense of American consumers
(DBN)

How Donald Trump could create a financial crisis
(DBN)

The jobs picture isn't as good as it looks
(DBN)

Older Americans are taking on debt to fund millennials' education
(DBN)

Jack Ma Meets With Trump, Pledges to Create New Jobs
(DBN)

Children Don’t Come Cheap: Cost of Raising One Hits $233,610
(DBN)

Millennials may need to double how much they save for retirement
(DBN)

Has Trump Really Taken Social Security and Medicare Reform Off the Table?
(DBN)

Carrots and sticks: Mexico is getting ready to make deals with President Donald Trump
(DBN)

Alibaba founder Jack Ma meets with Trump, pledges to create 1 million US jobs
(DBN)

Made In The USA: Apple is going to build server gear in Arizona
(DBN)

Trump Is Barking Up the Wrong Tree When It Comes to Saving American Jobs
(DBN)

Auto executives, with eye on Trump, highlight U.S. investments What’s really ‘happening’ between Donald Trump and Fiat Chrysler
(DBN)

Deutsche: Trump's Plans Will Double Growth
(DBN)

The most expensive cities for businesses to operate in
(DBN)

Goldman Sachs's risk appetite measure is at its highest point in history
(DBN)

$5 million: It’s the new $1 million
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

Housing sentiment decreases for fifth straight month
(DBN)

HSBC Pays $32.5 Million to Settle Claims on Faulty Foreclosures
(DBN)

November Mortgage Monitor
(DBN)

Homeowners Beware the GOP Tax Plan
(DBN)

RBS investors will be pleased if it's only fined $10 billion for mortgage-backed security misselling
(DBN)

____________

Municipalities:

Michigan's Emergency Manager Law And The "Specter Of Flint"
(DBN)

Puerto Rico's COFINA Bonds, Road Block To Equitable Settlements - Residents And GO Investors May End Up Paying Unnecessarily
(DBN)

Puerto Rico can teach the US something about raising the minimum wage
(DBN)

Puerto Rico’s debt crisis: UN expert warns human rights cannot be side-lined UN expert: Puerto Rico austerity measures will undermine human rights
(DBN)

Credit ratings agency warns Dallas, pension fund to find a fix or face massive downgrade
(DBN)

______________

Oil/Gas:

Legal, financial advisers feast on oil patch bankruptcy fees
(DBN)

Tues.: Oil prices steady after recent falls on weaker dollar
(DBN)

Vanguard Natural Resources, LLC's 78.3% Plunge in 2016 May Just be the Beginning Vanguard: The Oil Collapse's Last Victim?
(DBN)

Oil sags on supply concerns Oil down 4 per cent on concerns over rising Iraqi exports, US output Oil Falls as Growth in U.S. Drilling Offsets OPEC Output Cuts Is growth in U.S. drilling offsetting OPEC cuts?
(DBN)

There’s a catch with OPEC’s plan to cut production
(DBN)

US Oil Companies To Unleash Spending But Costs Will Rise Too
(DBN)

U.S. oil and gas drilling to lead 2017 global growth
(DBN)

The Trump oil trade and why oil might soon reach $100 again
(DBN)

New Delaware Chapter 11 Filing – Chieftain Sand and Proppant, LLC
(DBN)

C&J Energy Services emerges from bankruptcy
(DBN)

Study: Most laid-off energy workers remain out of work
(DBN)

Gasoline prices rise again
(DBN)

Oil Slump Slams Texas Budget
(DBN)

Oil Prices Running Out Of Reasons To Rally
(DBN)

______________

Waste:

Bankrupt Hawaii hauler costs Oahu millions
(DBN)

______________

Retailing:

Macy's restructuring to focus on digital
(DBN)

Limited Stores Closes All 250 Stores as Another Retail Bankruptcy Looms
(DBN)

Next Level Apparel challenges Gildan with bid for bankrupt American Apparel- source
(DBN)

______________

Autos:

GM Drivers Say Sale Doesn't Bar Ignition Switch Claims
(DBN)

Volkswagen Executives in Germany to Face U.S. Charges in Diesel Case FBI Arrests Second VW Employee
(DBN)

Marchionne Suggests Trump Might Support Merger With Rival GM
(DBN)

______________

Gambling:

Caesars Confirmation Hearing Scheduled for January 2017
(DBN)

How to hedge Caesars as bankruptcy saga continues into 2017
(DBN)

______________

Education:

The government is sanctioning for-profit colleges. What happens to the students?
(DBN)

______________

Corporate Reform:

The war around CFPB Director Richard Cordray
(DBN)

______________

Banking:

BofA sued for $542M by US regulator over 'unpaid premiums' FDIC To Bank Of America: We Could Use That $1 Billion About Now, Capisce?
(DBN)

Wells Fargo To Pay Employees More As Part Of Plan To Help Them Steal Less From Customers
(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 (16 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (8 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:

Weekly Bankruptcy Claims Trading Activity
(DBN)

Projected Rise in Bankruptcy in 2017
(DBN)

Bankruptcies in Arizona improve again, but will trend last?
(DBN)

______________

Environmental:

Tenth Circuit: Judicial Estoppel Should Not Bar Asarco’s Latest Claims for Cost Recovery At CERCLA Mining Site
(DBN)

Tenth Circuit Rules Bankruptcy Settlement Not a Bar to CERCLA Contribution Action
(DBN)

______________

Taxis:

NYC's taxi king forking over 46 medallions to creditors
(DBN)

______________

Healthcare:

Overcoming the obstacles and realizing the benefits of a chapter 11 healthcare restructuring
(DBN)

Recent case makes Health Savings Accounts vulnerable to creditors
(DBN)

Repealing Obamacare could be a matter of life or death for many Americans Did the Repeal of Obamacare Die Last Night?
(DBN)

______________

Tax:

Courts Split on Definition of a “Return” for Tax Discharge
(DBN)

______________

Proofs of Claim:

Time-barred proofs of claim issue now before SCOTUS
(DBN)

______________

LBOs:

Tribune Co shareholders' legal woes over 2007 buyout near end
(DBN)

______________

Discharge:

A Debtor’s Allegedly False Financial Statement Doesn’t, At All, Excuse a Lack of Lender Diligence
(DBN)

______________

Avoidance Actions:

Salary Paid for Poor Performance Is No Fraudulent Transfer
(DBN)

______________

Committee:

Delaware Judge Disregards Committee Fee Cap if a Chapter 11 Plan Is Confirmed
(DBN)

______________

Recharacterization:

Recharacterization of Debt as Equity in the Fourth Circuit
(DBN)

______________

Metals:

Horsehead Holdings: A Failure Of Capital Markets?
(DBN)

______________

Food/Beverage:

Vodka-maker Roust’s bankruptcy approved
(DBN)

______________

Shipping:

Port of Seattle may block sale of bankrupt Hanjin's waterfront operation US Creditors Raise Concerns With Hanjin Terminal Sale
(DBN)

______________

Solar:

TerraForm Global warns of continued losses for 2016
(DBN)

______________

Coal:

The major front in the 'war on coal' lies within the market itself
(DBN)

______________

Student Debt:

Hundreds of Colleges Saddling Students With Unaffordable Debt, Feds Say
(DBN)

______________

UK:

London lawyers’ salaries highlight massive pay gaps in the UK
(DBN)

Freshfields offers voluntary redundancy to 180 London secretaries
(DBN)

Theresa May: Brexit can 'change Britain for the better'
(DBN)

U.K. Shoppers Brace for New Brexit Test as Inflation Picks Up
(DBN)

Britain's Dangerous Post-Brexit Borrowing Binge
(DBN)

______________

PIIGS:

ie: High Court Sets Aside Protective Certificates
(DBN)

______________

Canada:

Nortel reaches settlement deal with U.S. pension insurer, bondholders
(DBN)

With Alberta still in a slump, some oil industry players have an idea to get people back to work
(DBN)

______________

Venezuela:

Venezuela's embattled government hikes minimum wage by 50% — the 5th increase in a year
(DBN)

______________

Australia:

Quantifying A Claim for Insolvent Trading
(DBN)

______________

Asia:

Asia finds itself at a 'negative intersection' in an unpredictable world
(DBN)

______________

Japan:

Toshiba asks creditors not to call in loans: sources
(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 phone or text us at 281-402-3957. You can email us 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