November 16, 2017

The Daily Bankruptcy News

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Law:

Survey: Law Departments' Legal Spend Stabilizing
(DBN)

Dentons Hires Orrick Partner for Controversial Venezuela Restructuring Work
(DBN)

Dentons, in Latest Growth Bid, Launches In-House Consulting Service Dentons launches in-house counsel consulting/mentoring service
(DBN)

Why are women lawyers leaving the profession mid-career? ABA initiative hopes to answer the question
(DBN)

Gordon Rees managing partner steps down; called female sex harassment victims ‘few and far between’ Law Firm that Pushed Aside Fox News' Mercedes Colwin for Harassment Comments Replaced Her with a Man False Accusations are Real. Fox News Analyst Shouldn’t be Punished for Speaking Truth
(DBN)

Counsel For Roy Moore Make A Bad Situation Worse With Bizarre Press Conference and Notice Letter Legal Analysis Let's Dissect Roy Moore Lawyer's Terrible, Horrible, No Good, Very Bad Demand Letter
(DBN)

CFPB Director Richard Cordray Will Step Down Before End of November
(DBN)

Biglaw Firm Hit With Record Fine For Failure To Prevent Partner’s ‘Dubious’ Scheme
(DBN)

Ex-Katten atty wanted Shkreli loan disclosed, jury hears
(DBN)

Someone Needs To Invent ‘Global Pay Your Lawyer Day’
(DBN)

Thomas Jefferson Law School gets put on probation ABA places Thomas Jefferson School of Law on probation ABA Finally Puts Law School Poster Child For Poor Bar Pass And Employment Rates On Probation
(DBN)

Western Michigan-Cooley Law School Seeks TRO To Prevent ABA From Releasing A Letter About Its Accreditation Status
(DBN)

ABA Removes Public Censure Of Valparaiso Law School
(DBN)

Don’t Hate Your Friends Who Had Their Parents Pay For Law School
(DBN)

GRE Plans For Law School Domination Head South
(DBN)

Law Firms Shun Old Hierarchies With Modern Office Updates
(DBN)

How to Get Out of a Job Rut
(DBN)

Succession Still a Struggle for Law Firms, States New Study
(DBN)

How to be confident, get paid more and BS like a pro, according to women leaders
(DBN)

Taxpayers pay legal bill to protect Trump business profits
(DBN)

'Dossier' author Christopher Steele: Trump's hotel and land deals with Russians 'need' to be examined ‘Trump Dossier’ Firm’s Founder Vouches for It in House, Sources Say Steele: 70-90% of Trump Dossier is Accurate
(DBN)

Sessions: Truth Doesn't Matter Under Trump
(DBN)

Putting the elementary school on lockdown stopped the California gunman from killing dozens of children California gunman was prohibited from owning guns due to restraining order
(DBN)

Trump appears to tweet condolences to the wrong shooting victims
(DBN)

Former national security leaders warn Congress that 'time is running out' to protect Dreamers The Trump administration rejected 4,000 'late' DACA renewals. Some were sitting in its mailbox at the deadline.
(DBN)

Employees detail a culture of harassment at Vice House to require anti-harassment training Foundation in Weinstein Fundraising Probe Taps Petrillo Klein & Boxer The GOP Senate's tax plan would make harassment cases more costly for businesses They were harassed at work and they reported it - here's what happened The Weinstein Effect: The Power Of The Sun Harvey Weinstein's Legal Hell: Inside the Coming Civil and Criminal Battles
(DBN)

Calif. Gunman Killed His Wife First Calif. Gunman Was Known to Police
(DBN)

15 professional holiday gifts for your clients under $50
(DBN)

Zeke Elliott drops suspension appeal at 2nd Circ, will sit out the next 5 games
(DBN)

Sheriff Threatens 'F--- Trump' Truck Owner
(DBN)

CIA Warned of JFK Assassination in 1962
(DBN)

Court Revives Case of Man Who Claims Stuffed Animals are Vital for His Religion
(DBN)

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Judges:

Senator grills judicial nominee over old tweet about wanting to marry bacon Willett's Tweets Become Focus Of Senate Hearing Fifth Circuit Nominee Confronted on Women's Rights Issues Willett's Tweets Become Focus Of Senate Hearing
(DBN)

Trump is bypassing a key screening process — and it has led to a substantial increase in 'not qualified' judicial nominees GOP senators blast ABA panel for rating several Trump judicial picks "not qualified" Republicans Are Accusing The Country’s Biggest Lawyers Group Of Shilling For Liberals ABA president defends ratings of judicial nominees after GOP senators claim liberal bias ABA committee member differs with judicial nominee Grasz on their discussion during interview Amid controversy over judicial ratings, ABA committee chair will testify before Senate committee Cruz Rails Against ABA Vetting Amid Confusion About 8th Circuit Nominee
(DBN)

Late Discovered Conflicts at SCOTUS Show Need for New Checks
(DBN)

Chief Justice Roberts Returns to Law School for Moot Court Final Chief Justice Roberts Is Impressed That He Doesn’t Scare Law Students
(DBN)

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Wall Street:

Wall Street Poised for Rebound as Europe, Asia Bounce From Lows on Solid US Data Futures point to a higher open
(DBN)

Dow decline returns to triple-digit territory as risk appetite wanes Stocks Close Firmly In Negative Territory
(DBN)

Stocks are flashing an ominous signal not seen since the financial crisis
(DBN)

Stock market ‘not even close’ to pricing in tax cuts, says UBS Mark Cuban says tax rates have almost no impact on investment
(DBN)

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Layoffs:

Payless Layoffs: Footwear Retailer May Cut More Jobs as Stores Struggle
(DBN)

AdColony Layoffs 2017: Programmatic Advertising to Bring About 125 Job Cuts at Mobile Ad Network
(DBN)

About 1,300 jobs lost in Fox Valley since August
(DBN)

Cook County Proposes Nearly 600 Layoffs
(DBN)

Manufacturer to lay off more than 130 as it closes Charlotte-area plant
(DBN)

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Retailing:

Toys 'R' Us Seeks to Pay $16 Million in Bonuses to Top Execs Toys 'R' Us seeks OK to pay $16 million in bonuses
(DBN)

Anthony Lupo and Aram Ordubegian Talk Bankruptcy in the Face of the 'Retail Apocalypse'
(DBN)

Amazon’s Cashierless Store Is Almost Ready for Prime Time
(DBN)

Target CEO: 'Stores are still important' for retail Target cautiously looks ahead to holiday shopping season, while its stock drops 9%
(DBN)

Retail Sales Increased Slightly in October Retail Sales Rose .2% in October
(DBN)

Walmart beats and raises guidance
(DBN)

Vitamin World seeks to close 124 stores, sell off the rest
(DBN)

Retailers' holiday push is earlier, harder this year
(DBN)

Mattel snubs Hasbro’s latest acquisition approach, say sources
(DBN)

Seasonal Retail Hiring
(DBN)

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Entertainment:

Why Weinstein’s creditors hired bankruptcy counsel
(DBN)

Weinstein Co. is hoping to avoid bankruptcy with its 'Paddington 2' sale Warner Bros. Nabs 'Paddington 2' Rights From Weinstein Co. Weinstein Co. Sells 'Paddington 2' Rights as It Explores Its Options
(DBN)

Lender Claims Weinstein Co. Is in Default
(DBN)

Weinstein Company, Harvey Weinstein, Miramax Hit With Class Action Lawsuit Charging RICO Violation
(DBN)

New Weinstein lawsuits pit anonymous accusers against public’s right to know
(DBN)

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Travel:

When Pigs Fly: Woman kicked off flight after emotional support PIG became rowdy
(DBN)

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Economy:

America's debt is surging, and some of the riskiest borrowers are struggling to pay back U.S. Household Debt Reaches Record $13 Trillion: Watch Subprime Auto Loans
(DBN)

Key Measures Show Inflation picks up in October
(DBN)

Why wages aren’t growing in America
(DBN)

Fed Insiders Push for Radical Policy Review as Powell Era Dawns
(DBN)

Americans No Longer Prefer Male Boss to Female Boss
(DBN)

The Fed is starting to pay closer attention to the other America
(DBN)

Gary Cohn looks for assurances from CEOs on tax plan, gets crickets Despite Gary Cohn’s claims, former CEO says companies would probably ‘pocket’ tax cuts The GOP tax bill tracker Here’s What the Revised Senate Tax Bill Would Do Morgan Stanley CEO: GOP plan for 20% corporate rate would stimulate the economy Key Republican senator just became the first major defection on the tax bill Here's why it's going to be hard to win over the GOP senator objecting to the tax bill Tax Bill's Math Problem Solved on the Backs of the Middle Class Here's How GOP's Tax Breaks Would Shift Money To Rich, Poor Americans Senate Republicans released major changes to their tax plan that would make your tax cut temporary Here are the latest big changes to the Senate’s version of the tax bill The Senate's tweaked tax plan makes individual cuts temporary and corporate cuts permanent America's investing giants have a major problem with the GOP tax plan How your tax bracket could change in 2018 under Trump's tax plan, in 2 charts Republicans have removed the controversial part of the tax bill that had tech startups up in arms The Senate GOP bill would double the child tax credit, which pleases two skeptical senators Ivanka gets her way on expanded child tax credit Trump's Tax Plan Gives American Jobs Away to Robots If corporate tax reform fails, US companies will bolt from America, House Speaker Paul Ryan says Tax reform: How the GOP can win big CEOs raise doubts about Gary Cohn's top argument for cutting corporate taxes right in front of him Senate bill boosts taxes on stock sales Why you should care about “chained CPI" Ryan says House could support ACA mandate repeal in tax overhaul Why Senate Tax Cutters Have an Eye on Big 401(k)s Beer, booze and a Harvey Weinstein tax make it into the latest Senate tax overhaul plan Trump’s core supporters are about to be handed the bill for tax reform GOP Tax Plan Puts Lawmakers in Bind Over Medicare Spending Cuts The GOP’s Tax-Cut Two-Step The GOP plan to cut taxes is deeply unpopular, according to the latest polling
(DBN)

Ryan says spending cuts to come next year, after tax cuts Hatch claims tax bill wouldn't trigger spending cuts Even the White House seems to be admitting tax cuts won’t pay for themselves
(DBN)

The 9 Best Photos From Mnuchin’s Trip to See His Name on the Dollar Bill
(DBN)

Perry says renegotiating NAFTA needed because of U.S. energy bounty Trump Warned on NAFTA Auto Provisions
(DBN)

Trump's gains for U.S. businesses in China
(DBN)

Trump defends 'America First' in first speech after Asia trip
(DBN)

U.S. business on an upswing
(DBN)

Mentions of Economic Issues as Top Problem Lowest Since 1999
(DBN)

Older Americans are sicker, more cash-strapped, than elderly in other countries despite Medicare
(DBN)

1 in 20 Americans Now a Millionaire
(DBN)

US Debt Clock
(DBN)

World Debt Clock
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Real Estate:

Goldman Sachs forgives $71 million in mortgage debt
(DBN)

MBA: Mortgage Applications Increase in Latest Weekly Survey
(DBN)

'A ticking time bomb': Housebuilders need people more than they need land
(DBN)

NM: Judge approves Market Station sale to Calif. lender
(DBN)

Hensarling: Health of FHA is “clear and present danger” to economy
(DBN)

A High-Stakes Hedge Fund Battle Erupts Over Hovnanian Debt
(DBN)

AIA: Architecture Billings Index "Bounce Back" in October
(DBN)

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Municipalities:

Bankrupt Puerto Rico May Skip Principal And Interest Payments Avenue's Lasry sees no Puerto Rico debt payments for 2-3 years Puerto Rico May Need to Skip Bond Payments for Five Years
(DBN)

Puerto Rico's Government Just Admitted 911 People Died After The Hurricane — Of "Natural Causes"
(DBN)

Puerto Rican Officials Just Got Grilled By Congress Over The Whitefish Electricity Contract Records from House panel: Puerto Rico ignored lawyers' advice on repair contract
(DBN)

Puerto Rico just met the halfway mark to restoring power. Then the lights went out again.
(DBN)

More Medicaid help sought for Puerto Rico, US Virgin Islands
(DBN)

After Hurricane Maria, One Doctor's Decision To Stay In Puerto Rico
(DBN)

In US Virgin Islands, it's a long way back to 'normal'
(DBN)

Congress can't dodge Puerto Rico's status in tax debate
(DBN)

US foundations pledge initial $5M for battered Puerto Rico
(DBN)

The stampede of Puerto Ricans to Florida is bad news for Trump
(DBN)

Flint fallout has cost taxpayers more than $15 million in legal bills
(DBN)

Avenue's Lasry sees no Puerto Rico debt payments for 2-3 years
(DBN)

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Oil/Gas:

A lightning fast rally in oil prices is reversing. Here's why
(DBN)

American wildcatters show restraint
(DBN)

Oil stable as OPEC cuts counter rising US supplies Oil closes lower as Russia casts doubt on OPEC cuts extension Oil extends drop on signs of inventory build
(DBN)

Baker Hughes future in doubt as GE seeks exit options
(DBN)

Report says oil industry could lose transportation fuel monopoly by 2040
(DBN)

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Corporate Reform:

Richard Cordray stepping down as Consumer Financial Protection Bureau director Consumer finance watchdog Cordray, under fire from Trump, to step down at the end of November CFPB’s Cordray to Step Down, Allowing Trump to Remake Agency
(DBN)

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Awards:

IWIRC Names 2017 Woman of the Year in Restructuring
(DBN)

1 6 Th Annual M&A Advisor Awards Winners
(DBN)

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Education:

Harvard Business School professor: Half of American colleges will be bankrupt in 10 to 15 years
(DBN)

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Powersports:

New Delaware Chapter 11 – Velocity Holding Company, Inc. Velocity and Affiliates File In DE: First Day Dec
(DBN)

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Guns:

Remington Bonds Crater Into Distress As 'Trump Slump' In Gun Sales Raises Refinancing Concerns
(DBN)

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Nuclear:

House panel advances bills to clean up S. Carolina nuke mess
(DBN)

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Coal:

Nothing Trump Does Can Save Coal
(DBN)

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Fraud:

Ninth Circuit Shows Caution About Unraveling Trump U Settlement
(DBN)

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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 (41 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (5 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)

SF: Annual Bankruptcy Judge Luncheon
(DBN)

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Bankruptcy Statistics:

The Reasons More Older Americans Are Filing for Bankruptcy
(DBN)

‘This Is Unacceptable’: ProPublica Story on Bankruptcy in Memphis Prompts City Council Soul-Searching
(DBN)

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Third Party Release:

New York Bankruptcy Court Issues Opinion Denying Proposed Third Party Releases
(DBN)

Does Stern v. Marshall Prohibit Non-Consensual Third Party Releases of Non-Bankruptcy Claims in Plans of Reorganization?
(DBN)

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Valuation:

Plan Valuation of Secured Claims: What Happens When Foreclosure Value Is Higher Than Without Foreclosure?
(DBN)

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Ch. 7:

Debtor’s Chapter 7 Fails 707(b)’s “Smell Test”
(DBN)

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Autos:

Elon Musk calls investors who bet against Tesla's stocks 'jerks who want us to die'
(DBN)

US denies Ford, Mazda bids to delay Takata recall decision
(DBN)

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Healthcare:

Lawsuits Drive 33 Preferred Care SNFs to Seek Bankruptcy Protection Plano-based nursing home chain files for bankruptcy due to 'overwhelming amount' of lawsuits
(DBN)

GOP's Obamacare tax scheme will create an insurance nightmare for the middle class
(DBN)

Obamacare enrollment at 1.48 million, up more than 46 percent over last year's pace
(DBN)

Voters are divided on repealing the Obamacare mandate as part of tax bill Here’s what happens if Obamacare mandate is repealed, as the Senate tax bill now would do Majority of Americans favor killing Obamacare mandate, until they hear what it means The GOP's Obamacare Threat Is Doubly Painful for Insurers
(DBN)

Bipartisan bill would halt cuts to hospitals' drug subsidies
(DBN)

Nurses and RIP Continue Efforts to Forgive Medical Debt 15 November 2017
(DBN)

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Politics:

Shepard Smith defends Clinton, debunks Trump, angers Fox News viewers Smith Debunks Fox's Favorite Clinton Scandal Behold the wonders of Rep. Louie Gohmert’s conspiracy chart Clinton says special counsel probe of her would be "abuse of power"
(DBN)

The president of China asked Trump about Roy Moore Roy Moore’s Lawyer Pens Demand Letter As Embarrassing As His Client Roy Moore , Long Divisive in His Hometown, and Even More So Now GOP braces for extended clash in Alabama Steve Bannon and Allies Have Second Thoughts About Roy Moore, Sources Say Roy Moore Tests the Limits of Bannon's 'Season of War' Two more women come forward with allegations against Roy Moore Bannon not backing down on Moore because he believes denials Moore lawyer: Canadian MSNBC host's 'background' could help him understand dating minors Gloria Allred on Roy Moore's personal attacks: 'That dog won't hunt' No, the Washington Post Roy Moore reporter doesn't have a history of 'faking' GOP leaders weigh drastic plan to save Alabama Senate seat Roy Moore allegedly called a girl to ask her out while she was in her high school math class when he was a 30-year-old lawyer Could the Senate keep Roy Moore out if he were elected? Don't bet on it The deeper meaning of the Roy Moore saga Embattled GOP Senate candidate Roy Moore's attorney implies his signature in a girl's high school yearbook was a forgery Moore's Attorney Hits Back With Effort to Discredit Accuser Alabama GOP still standing behind Roy Moore The Party of Moore? New national polls spell trouble for the GOP Moore falls 12 points behind Jones in new poll
(DBN)

Politics really is ruining Thanksgiving, according to data from 10 million cellphones
(DBN)

North Korea 'sentences Trump to death' for insulting Kim Jong-un
(DBN)

Bill Clinton Should Have Resigned Democrats are reckoning with the assault allegations against Bill Clinton in light of the #MeToo movement
(DBN)

Trump Wants Pompeo to Head State Dept.
(DBN)

Wilbur Ross Sued by Former Executives Over Management Fees
(DBN)

IRS Builds Safe to Hold Trump Tax Returns
(DBN)

Pro-Trump Group Under Fire For Apparently Anti-Semitic Tweet
(DBN)

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Student Debt:

The Student Loan Default Crisis for Borrowers with Children
(DBN)

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UK:

Hay & Kilner partner calls for corporate insolvency changes
(DBN)

Number of rogue directors banned increases
(DBN)

German Banks Prepare for Hard Brexit
(DBN)

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EU:

A Specter Is Haunting Europe's Recovery: Zombie Companies
(DBN)

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PIIGS:

Carige board to meet after failing to clinch cash call
(DBN)

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Venezuela:

Venezuela finally admits it: Bankrupt
(DBN)

Venezuela in Russia and China’s grip after rescue package to dodge bankruptcy Russia throws Venezuela debt lifeline amid default risk Russia, Venezuela Sign Deal on $3.15 Billion Debt Restructuring
(DBN)

A partial relief for Venezuela
(DBN)

Nobody is going to bail out Venezuela
(DBN)

Venezuela Will Pay All Of Its Debts. Just, Like, Not Right Now.
(DBN)

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Ukraine:

Court opens case on bankruptcy of Dniproavia
(DBN)

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China:

Bike-sharing provider Bluegogo bankrupt after months of problems: reports
(DBN)

Young, Carefree and Unsecured
(DBN)

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India:

Insolvency Regulator Says Distressed Assets Cannot Be Handed Over To ‘Undesirable’ Persons
(DBN)

Supreme Court asks for amendment to Insolvency and Bankruptcy Rules
(DBN)

Insolvency and Bankruptcy Code not to be amended: Government sources
(DBN)

Welcome To India's Economic Jungle
(DBN)

Approval Of Resolution Plans Under The IBC
(DBN)

Autumn Briefing On The Insolvency And Bankruptcy Code, 2016 (IBC)
(DBN)

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