November 17, 2017

The Daily Bankruptcy News

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3-Column Formating

 

Law:

I’m Sorry, But For $1,200 An Hour, You Don’t Get To Have An ‘Off’ Day
(DBN)

Am Law 200 firms struggled to grow in 2017
(DBN)

CLOC Survey Shows Legal Departments Still Spending More Externally
(DBN)

Law firm performance not measured by many corporates
(DBN)

Wilmer Lawyer, Trump Pick for Trade Compliance Head, Reveals Salary, Clients
(DBN)

Details emerge of Clifford Chance witness coaching claims
(DBN)

Wells Fargo Report Shows Legal Market Stalled in Third Quarter
(DBN)

Locke Lord partner was arrested at airport over £21 million scheme
(DBN)

Law Firm Associate Sees #MeAt14 Take on Harassment
(DBN)

Paralegal sues partner for leaving her filthy voicemails
(DBN)

U.K. Law Firm Poised to Become Third in Country to Go Public Keystone Law to float on London Stock Exchange 'This is about the future'- Keystone's James Knight on the thinking behind the firm's IPO
(DBN)

Freshfields' lockstep gambit: has the firm gone far enough to keep hold of its rising stars?
(DBN)

Brian Lennon Joins Willkie’s Business Reorganization and Restructuring Practice
(DBN)

Biglaw Firm Brings On Technology Development Ninjas
(DBN)

Venable Accused Of Concealing Client's Evidence Destruction
(DBN)

Robert Hays Gets 5th Term as King & Spalding Leader
(DBN)

No Touching! (Anywhere?): Harassment Dialogue Finale
(DBN)

Women Lawyers: Slowly Chipping Away At The Glass Ceiling
(DBN)

Valparaiso law school told by board to not admit first-year students in 2018 Valparaiso Law School Will Close Its Doors Thanks To Low Enrollment — UPDATE: Not Closing… But It’s Not Looking Good
(DBN)

Calls For Tougher Oversight Of Florida Coastal Law School
(DBN)

Why lawyers everywhere are watching Houston after Harvey The U.S. Flooded One of Houston’s Richest Neighborhoods to Save Everyone Else
(DBN)

Profane anti-Trump sticker sparks free-speech debate in Texas 'F--- Trump' truck driver has been arrested
(DBN)

AI Is One Of Today’s Hottest Buzzwords, But What Does It Really Mean?
(DBN)

Los Angeles TV host alleges Sen. Al Franken kissed and groped her without her consent Al Franken calls for Senate ethics probe into charge he harassed actress Franken Made Jokes About Misconduct Trump speculates about Franken allegations on Twitter 'Where do his hands go?': Trump mocks Sen. 'Al Frankenstien' Al Franken Puts Out Second Apology Democrats Turn on Al Franken After Groping Claims Franken Should Go Sylvester Stallone accused of assaulting 16-year-old fan Sylvester Stallone Responds To Assault Claim A woman has come forward to accuse George H.W. Bush of groping her while he was a sitting president Chairman Steps Down As NPR Grapples With Harassment Crisis Al Franken and all the others A ‘proud resister’ called for Trump and Franken to resign and Moore to bow out. The Pentagon retweeted it London theater finds 20 allegations of 'inappropriate behavior' against Kevin Spacey Secrecy surrounds settlements in Congress Poll: Most Hillary Voters Believe Claims Against Bill Trump and Clinton voters split over high-profile sexual assault allegations How Roy Moore’s Misdeeds Are Forcing an Awakening on the Left Bill Clinton should’ve resigned over Lewinsky affair, says ally Sen. Gillibrand Next Up: Jeffrey Tambor Accused of Assault
(DBN)

David Boies Loses More Work Over Weinstein Debacle
(DBN)

Senators introduce bill to tighten background checks on gun buyers Senate Breakthrough on Gun Check Bill
(DBN)

Senate Judiciary Committee: Kushner forwarded emails about a 'Russian backdoor overture and dinner invite' Saul Ewing's Justin Danilewitz on the Manafort case and the limits of privilege Senate Judiciary panel: Kushner had contacts about WikiLeaks, Russian overtures he did not disclose Kushner failed to disclose emails about Wikileaks & Russia Mueller Subpoenaed Trump Campaign for More Documents More than a dozen top Trump campaign officials subpoenaed in Mueller probe
(DBN)

Roy Moore’s lawyer threatens website with ‘utterly incoherent’ letter
(DBN)

This expert has a dire warning about not getting enough sleep
(DBN)

Sen. Menendez Case Ends in Mistrial The Menendez mistrial proves that sleazy isn’t necessarily criminal Judge declares mistrial in corruption case against US Senator Menendez Bob Menendez Mistrial… So Get Ready To Do This All Over Again
(DBN)

Walking While Black
(DBN)

7th Circuit rejects another appeal by lawyer ordered to pay up to $4.2M for sending junk faxes
(DBN)

Judge vacates convictions of 15 men who said cop had framed them; additional review is underway
(DBN)

John Grisham’s ‘The Rooster Bar’ Decries For-Profit Law Schools
(DBN)

Trump admin reverses course, says it will accept DACA forms that got delayed in the mail
(DBN)

Man Stabs Brother 4 Times At Funeral In Argument Over Attire
(DBN)

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Judges:

Judicial Nominee Brett Talley Loves Ghosts So Much He Apparently Thinks The KKK Were Kind Of Cool
(DBN)

Will Justice Don Willett Continue Tweeting If He’s Confirmed To The Fifth Circuit?
(DBN)

Audio Recordings of Bankruptcy Court: News from Delaware
(DBN)

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Wall Street:

Futures point to a lower open on Wall Street, amid more earnings, data
(DBN)

Stock market cements gains as House passes tax-cut bill US stocks higher at close of trade
(DBN)

The market could be 'in the crosshairs’ of a 20% drop if tax reform fails
(DBN)

Feldstein warns $9.5 trillion of stock market value at risk from loose Fed policy
(DBN)

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Layoffs:

Siemens to cut 6,900 jobs
(DBN)

Judge tells Island Air workers they might not get final pay
(DBN)

Maker of Aerosoles shoes to lay off 141
(DBN)

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Healthcare:

The benefits of bankruptcy? How one hospital found redemption in Chapter 11
(DBN)

Bankrupt North Philadelphia Health System could continue running Girard Medical Center
(DBN)

How to Make a Fortune on Obamacare
(DBN)

Pope Francis calls out 'growing inequality in healthcare' in rich countries
(DBN)

ACA enrollment isn't as strong as you might think
(DBN)

Health care for millions at risk as Republican tax plans look for revenue Fact Check: Would the GOP bill 'kick' millions off health insurance? How the individual mandate scrambles the Senate tax cuts
(DBN)

GOP tax bill would spike Obamacare premiums nearly $2,000 for families, trigger Medicare cuts
(DBN)

Survey Finds Most Healthcare Providers Plan to Dump Traditional Collections Methods by Q4 2018
(DBN)

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Technology:

GE credit downgraded at Moody’s because of ‘severe deterioration’ of finances
(DBN)

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Politics:

White House: Trump finds Roy Moore allegations 'very troubling' but believes voters should decide his fate GOP Plan to Save Alabama Senate Seat Accuser: I got him banned from mall For some evangelicals, a choice between Moore and morality Another poll shows Doug Jones with a big lead over Roy Moore Moore: "McConnell and his cronies" are trying to steal the election 6 Ways the Roy Moore Saga Ends From Exclusion to Expulsion to Acceptance: There Are No Good Options In Dealing With Senator Roy Moore In Bizarre Exchange, Gloria Allred Won't Say if Roy Moore Yearbook Signature is Fake
(DBN)

A Republican 'Family Values' State Legislator Quits After Having Sex With a Man in His Office
(DBN)

Trump's Clinton Fixation Should Scare All Americans
(DBN)

Grassley Ends Another Senate Tradition
(DBN)

Fox News poll: Obama has higher favorability in Alabama than Trump
(DBN)

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Economy:

US weekly jobless claims unexpectedly rise
(DBN)

Fed’s Mester says she is not troubled by low inflation
(DBN)

Yellen may have been right in describing low inflation as 'transitory'
(DBN)

Fed's Williams says December rate hike 'perfectly reasonable'
(DBN)

The Fed Is Back in Its Pre-Recession Pickle
(DBN)

Dollar slips on concerns Russia probe is moving closer to Trump
(DBN)

Tax Reform Passes The House House passes its version of tax reform House passes its tax-reform plan as Senate version comes under new attack Hoping speed trumps bipartisanship, Republicans go it alone on tax reform 13 Republicans defect from tax bill as anger simmers over eliminating state and local deduction American Cities Stuck With Part of Tab for Republicans’ Tax Cuts The House Just Voted to Bankrupt Graduate Students House passes tax plan, advancing big cuts for corporations The Republican tax bill is moving through Congress at light speed Robb: The Senate's idea of tax reform is even worse than the House's The House and Senate Still Have Very Different Tax Bills. Here's How They Compare. Republicans have 70% chance of passing final tax reform: Former Bush aide Summers: GOP Tax Plan a Serious Error This brutal chart shows what happens when the Senate tax cuts sunset Who would gain with the Senate tax bill? Latest estimate shows Senate tax plan would leave low-income households with higher tax bills Sen. Ron Johnson says he wants to fix the GOP tax bill so he can change his 'no' vote to a 'yes' GOP’s Ron Johnson: Trump told me he’d get me information I need to propose a fix to the Senate tax bill GOP needs to 'call Sen. Johnson's bluff' and add more middle class tax cuts now Senate tax bill strips NFL, other sports leagues from tax-exempt status Republican congressman: GOP bill unfair; all Americans should get tax cut Republicans only have one plan. Sometimes they call it “tax reform.” Other times “health-care reform.” Democrats Seize Tax Issue One picture explains the Republicans' tax cut — and a major problem with it Senate GOP Tax Bill Includes A 'Harvey Weinstein Tax' GOP Tax Bill Gives Private Plane Owners a Tax Break If Trump's new tax plan passes and you make $500,000 a year, you're about to get screwed Yes, a Corporate Tax Cut Would Increase Investment 7 ways rich people could benefit from Trump's new tax plan Poll: Most Oppose GOP Tax Bill Everybody Hates the Trump Tax Plan
(DBN)

Bartlett: GOP Coming for Social Security and Medicare Next GOP Tax Bill Cut $25 Bn From Medicare in '18
(DBN)

How Trump Wants to Gut Welfare Again
(DBN)

Want Better Pay? Learn to Sit in Front of a Computer
(DBN)

John Malone says Amazon is a 'Death Star' moving in 'striking range of every industry on the planet'
(DBN)

Federal Reserve president says country needs more immigration to save economy
(DBN)

The 12 most affordable states for the middle class
(DBN)

This one chart sums up what’s happening to America’s ‘good’ jobs
(DBN)

US Stands Alone as NAFTA Talks Resume
(DBN)

Almost half of all American workers fake sick days
(DBN)

Fewer Foreign Students Means a Smaller Contribution to U.S. Economy
(DBN)

America First Trade Policy Ignores History
(DBN)

We're Not Ready for New Industrial Revolution
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Ditech Dodges Bullet in Walter Bankruptcy
(DBN)

Home builder confidence hits 8-month high in November
(DBN)

Homeownership doesn't build wealth, study finds
(DBN)

Phoenix Real Estate in October: Sales up 4%, Inventory down 10% YoY
(DBN)

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Municipalities:

Puerto Rico Bond-Trading Blitz Could Ease Path From Bankruptcy
(DBN)

Experts: Puerto Rico may struggle for more than a decade
(DBN)

In Puerto Rico , Law Passed for Fiscal Crisis Hampers Storm Recovery
(DBN)

Judge rejects litigation stay for Puerto Rico restructuring case
(DBN)

Puerto Rico Municipal Bonds Have Led to Serious Investor Losses
(DBN)

Puerto Rico Could Use Some More Big Government
(DBN)

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Oil/Gas:

Recovering oil patch still littered with slow-to-pay companies
(DBN)

Offshore oil service firms dominate North American energy bankruptcies
(DBN)

Saudi shakeup is 'terribly detrimental' to oil prices, warns Dennis Gartman
(DBN)

The world's biggest sovereign wealth fund may drop oil and gas stocks from Index Norway’s $1 Trillion Wealth Fund Looks To Dump Oil & Gas Stocks
(DBN)

Trucks are fueling the world's oil demand
(DBN)

Norway’s Oil Exit Is ‘Shot Heard Around the World’
(DBN)

Pacific Drilling receives approval of first day motions
(DBN)

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Retailing:

Plus-size women's clothing retailer sheds stores, files for bankruptcy
(DBN)

Walmart shares surge to a record as online sales explode Walmart is betting against the middle class — and it's a brilliant strategy
(DBN)

Here’s how tied retail stocks are to Black Friday and holiday shopping
(DBN)

Which Will Die First, Sears or JC Penney?
(DBN)

Gap rises after beating on revenue
(DBN)

From the Ruins of a Retail Meltdown, Post-Industrial Playgrounds Emerge
(DBN)

Gallup: Consumers Remain in Good Holiday Shopping Mood
(DBN)

The Pain Ahead for Retail Chains
(DBN)

October Retail Hiring Lowest In Six Years
(DBN)

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Celebs:

Michael Vick set to complete final payment in bankruptcy case Miami Trustee Secures 99 Percent Recovery for Former NFL Quarterback Michael Vick's Creditors
(DBN)

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Accounting:

Big Four criticized over Paradise Papers
(DBN)

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Mass Torts:

Honeywell, in motion over ballots, contends asbestos claims holders already have been exposed
(DBN)

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Fraud:

Owner of online payday lending firm convicted of running $220 million scheme to defraud borrowers, regulators and even his own lawyers
(DBN)

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Weather:

White House plans to ask for another $45 billion for hurricane relief
(DBN)

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Autos:

Takata's bankrupt US unit says planned sale 'finalized'
(DBN)

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New Bankruptcy Opinions
(6 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (25 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (4 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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Extraterritoriality:

Highland's Ocean Rig Bet: Fail in Caymans? Try the Marshalls

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Third Party Release:

Post-Confirmation SunEdison Bankruptcy Release Decision Rejects Operative Proceeding Analysis, Finds Lack of Jurisdiction to Approve Third-Party Releases
(DBN)

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History:

An Early History of Bankruptcy Statutes and Economic Conditions in the U.S.: 1776 to 1978
(DBN)

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Sovereign Immunity:

Sovereign Immunity in Bankruptcy Cases: Can a Trustee Sue the State?
(DBN)

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Coal:

15 nations announce plan for 2030 coal phaseout
(DBN)

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Disruption:

4 ways Tesla’s electric truck announcement could change our roads Tesla’s electric truck is a shot at a $30 billion market There's a $300 billion reason why every automaker should be seriously looking into self-driving trucks Tesla Semi could be a hard sell for most customers, say analysts Elon Musk unveils an electric semi-truck Tesla just unveiled its first electric semi — and it looks like a spaceship Tesla is already getting orders for its new electric big rig Here's a first look at Tesla's electric semi Elon Musk just put the rail industry on notice Tesla unveils sleek electric big rig with 500-mile range Tesla unveils electric semi truck, vowing to redefine trucking
(DBN)

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Education:

Dan Rather on for-profit colleges: ‘It’s hard to find anything more outrageous than this’
(DBN)

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Hotels:

Just kicked out of one bankruptcy, Morgantown hotel owner files in a different district Hotel group files for bankruptcy in Fla.
(DBN)

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Art:

Bankrupt Manhattan Art Gallery Accused of Defrauding Clients
(DBN)

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Guns:

Trump has been terrible for the gun industry
(DBN)

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Metals:

Optima Specialty Steel emerges from bankruptcy, appoints CEO
(DBN)

Real Industry Reveals Chapter 11 Bankruptcy Filing
(DBN)

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Corporate Reform:

Mulvaney expected to be named CFPB's acting director With Richard Cordray Out, White House Will Let Steve Mnuchin Or Mick Mulvaney Oversee CFPB Presumably Until Angelo Mozilo Is Confirmed
(DBN)

How Trump Can Give Wall Street What It Wants
(DBN)

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Currency:

Twice burned: How Mt. Gox's bitcoin customers could lose again
(DBN)

Fixing Mt. Gox
(DBN)

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UK:

English court rules in favor of Dana Gas bondholders in key Islamic bond case
(DBN)

English Scheme of Arrangement approved for Luxembourg-registered company
(DBN)

The boss of Goldman Sachs just called for a second Brexit referendum
(DBN)

Business growth and distress survey ‘could indicate a new phase of the economic cycle has started’
(DBN)

Theresa May prepares to surrender over the Brexit leaving date Cabinet Brexiteers warn Theresa May not to double Britain's divorce bill
(DBN)

Construction giant Carillion's shares plunge 60% as 'horror show' continues
(DBN)

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PIIGS:

Italy's Carige struggling with cash call as ECB deadline looms
(DBN)

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Russia:

Moscow court declares Tempbank bankrupt
(DBN)

Doubts Grow Over Russia Central Bank's 'Zombie' Program
(DBN)

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MENA:

Dubai Chamber workshop provides clarity on UAE bankruptcy law
(DBN)

Saudi Arabia king to step down and hand over the crown to his 32-year-old son
(DBN)

Saudi Arabia reportedly arresting people for graft, taking their money, and letting them go
(DBN)

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India:

Sebi chief says norms for insolvency resolution professionals soon
(DBN)

Govt launches review of insolvency law
(DBN)

RBI gets ready to train its guns on 50 more stressed accounts
(DBN)

Moody's gives Modi a boost by raising India's sovereign bond rating
(DBN)

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Australia:

New laws to restrict a right to terminate a contract for insolvency events
(DBN)

CBS closes deal saga for Australia's Ten Network
(DBN)

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Venezuela:

Venezuela’s Debt Negotiation Tactics Leaned Heavily On Purported Drug Lords And Actual Pancakes
(DBN)

Creditors rule Venezuela's state oil company in default
(DBN)

Venezuelan Debt Crisis: Serious Financial Problems Plague the South American Country
(DBN)

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Brazil:

Bondholders reject Oi's latest plan
(DBN)

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