November 21, 2017

The Daily Bankruptcy News

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Law:

Husch Blackwell cuts about 40 lawyers through layoffs and retirements Husch Blackwell Layoffs Hit Partner, Counsel Ranks
(DBN)

Freshfields moves to reward star performers in lockstep shift
(DBN)

For Law Firm GCs, Dealing With Partners' Conduct Can be a 'Tightrope'
(DBN)

Female Law Firm Leaders: How We Broke The Glass Ceiling
(DBN)

Law firm files libel suit against writer of 1-star review it says was never a client
(DBN)

Blockchain likely to replace bankers and lawyers
(DBN)

Associates Billing Their Butts Off, Hoping For Last Year’s Bountiful Bonuses
(DBN)

Large Law Firm Taps Reality TV Star to Assist in Innovation Efforts
(DBN)

Ex-Big Law Partner Faces Jail Time, Owes $7.9M Over Bogus Invoices
(DBN)

Cooley Law School has it ‘exactly backward’ and students deserve to know the truth, ABA filing says
(DBN)

University of Illinois at Chicago reveals ‘preliminary discussions’ to add John Marshall Law School
(DBN)

California’s Bar Exam Results Still Suck: A Celebration Of Mediocrity
(DBN)

Ex-Big Law Partner Pleads Guilty to Wire Fraud, Evasion Charges
(DBN)

 

Roy Moore’s Lawyer Gets Called A Moron In The Most Professional Way Possible
(DBN)

Locke Lord Brings in New London Management After 'Law Firm's Nightmare' of Record SDT Fine
(DBN)

Morrissey comments on Hollywood abuse scandal, says some victims are 'just disappointed' A 2nd woman has accused Sen. Al Franken NYT's Glenn Thrush suspended after accusations of harassment 6 signs you're being harassed at work and might not realize it Eight women allege Charlie Rose harassed them: Report The men in media accused of harassment 3 psychologists explain why men harass women in the workplace What Happened to the 16 Women Who Accused Trump of Sexual Misconduct Longest-serving congressman settled harassment complaint NYC mayor: Bill Clinton "would have to resign" if he was president today Lawmaker says ex-congressman tried to forcibly kiss her
(DBN)

Special Counsel sends wide-ranging request for documents to Justice Department Report: Mueller wants DOJ documents on Comey, Sessions Mueller wants Jeff Sessions to hand over documents on Comey firing Mueller investigating alleged plan involving Flynn to deliver U.S.-based cleric to Turkey Senate Judiciary letter suggests Flynn could be next focus for prosecution, Whitewater investigator says Mueller's Team Raises Questions About Possible Defense Conflicts Top White House lawyer McGahn to take questions in Mueller probe Keeping Trump Calm as FBI Closes In Trump Obstruction of Justice Investigation Deepens
(DBN)

Trump's charitable foundation says it's shutting down, but an ongoing investigation in New York may complicate that
(DBN)

Alleged Sandusky Victim Says PSU Duped Him Into Deal
(DBN)

What does America’s Second Amendment really say? Who is right and who is wrong about the bearing of arms
(DBN)

Fox News host Jeanine Pirro busted driving 119 miles per hour in upstate New York
(DBN)

"Family Values" Oklahoma GOP Senator Pleads Guilty to Child S-- Trafficking
(DBN)

Trump to Deport 60,000 Haitians
(DBN)

U.S. Court Permanently Blocks Trump's 'Unconstitutional' Sanctuary Cities Order
(DBN)

SCOTUS Asked to Allow Full Travel Ban
(DBN)

MT: Congressman Misled Cops on His Assault
(DBN)

FBI Releases Letter From Infamous Hijacker D.B. Cooper
(DBN)

Penn State Has Now Paid Over $100 Million To Jerry Sandusky Victims
(DBN)

Hundreds of Las Vegas shooting victims file lawsuit against Mandalay Bay owner
(DBN)

Lawyer is suspended partly for bringing toothbrushes and red pepper to prison client
(DBN)

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Judges:

BK WD VA: Bankruptcy court clerk named
(DBN)

BK CD IL: Bankruptcy Bits & Pieces Newsletter
(DBN)

A Federal Judge Tries His Hand At Fiction And Succeeds
(DBN)

Maybe next time don't say anything.
(DBN)

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Wall Street:

Nasdaq shapes up for another record, with retail earnings on deck

Dow finishes 72 points higher as Wall Street awaits tax-reform details U.S. stocks close higher as major indexes rise in unison
(DBN)

The stock market is 'dancing on the rim of a volcano,' warns investment bank
(DBN)

What $1,000 invested in 15 popular stocks before Great Recession looks like now
(DBN)

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Layoffs:

Oath lays off up to 560 after Verizon acquisition
(DBN)

CenturyLink Announces 165 Layoffs
(DBN)

ESPN will cut $80M in Salaries in Upcoming Layoffs
(DBN)

Luminant coal plant closings eliminate 600 jobs in Texas
(DBN)

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Travel:

BA passengers to board in order of ticket price
(DBN)

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Politics:

Some pastors stand behind Roy Moore, cite 'war on men'... 'Women chasing young boys up and down road' Anti-gay supporters rally for Moore, worrying LGBT community Kellyanne Conway indirectly endorses Roy Moore in tense exchange with 'Fox & Friends' hosts Kellyanne Conway on Roy Moore: we "want the votes" on taxes Woman who says Roy Moore assaulted her at 14 tells her story Dems are using the Roy Moore scandal to spin 2018 races White House: Trump wants supportive senators, but Moore's fate up to voters
(DBN)

Stock Market as Barometer of Policy Success
(DBN)

Trump Supporters Have a New Insane Conspiracy Theory
(DBN)

Trump wants the NFL to suspend Marshawn Lynch next time he sits during the anthem
(DBN)

McMaster Compares Trump's Intelligence to a Kindergärtner - He also reportedly called the President an “idiot” and a “dope”
(DBN)

Trump was a 'factor' in my decision to retire, says GOP congressman
(DBN)

The Original Steve Bannon & How It All Ends
(DBN)

GOP Surrenders Cherished IRS Scandal
(DBN)

Trump-Congress Erasing the Last 20 Years
(DBN)

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Currency:

Karpeles Scraps Idea for Possible ICO to Fund Mt. Gox Revival
(DBN)

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

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Aerospace:

XCOR files financials with bankruptcy court
(DBN)

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Radio:

Radio stations on the market as parent company reorganizes
(DBN)

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Weather:

Mobile Homes Are So Expensive Now, Hurricane Victims Can’t Afford Them

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Telecoms:

Public Said Don't, but FCC to Repeal Net Neutrality Completely
(DBN)

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Metals:

Real Industry and Real Alloy Receive Court Approval of First Day Motions
(DBN)

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Economy:

Yellen to leave Fed after successor takes over; touts 'much stronger' financial system Yellen’s departure gives Trump even more space to rebuild the Fed
(DBN)

U.S. Growth Forecasts Are on the Rise
(DBN)

Goldman says the economy is doing so well the Fed will need to stop it from overheating next year
(DBN)

Poll: Strong economy boosts Trump among otherwise skeptical voters
(DBN)

One major way U.S. credit-card debt is getting worse
(DBN)

House tax plan would boost economic output but increase debt House Tax Bill Is Littered With Loopholes for Wall Street’s Wealthiest Senate Plan Would Raise Taxes on Half of All Households by 2027: TPC Analysis Tax Revamp Helps Fund Managers But Leaves Their Investors to Pay If you tax the rich, they won't leave: US data contradicts millionaires' threats Will your taxes go up or down? The five biggest questions on the GOP plan Ron Johnson Is 'Encouraged' on Taxes But Slams 'Awful Process' House tax plan chops break for RVs and boats Tax reform by Christmas? Not unless the GOP 'Grinch' makes these changes—and fast Cramer says tax plan shows senators 'don't really care' about individual American investors Converging on Tax-Reform Nonsense Steve Mnuchin: Bad Liar Or Dangerous Idiot? Mnuchin Fact Check: "On the personal tax side, middle-income people are getting cuts and rich people are getting very little cuts or, in certain cases, increases" under the Republican tax bills Bartlett: GOP Tax Cuts Will Hurt Americans Why the Fed May Take Away the Punchbowl at the GOP Tax Cut Party California’s Brown Warns of ‘Rude Awakening’ for GOP on Tax Bill Fortune 500 CEO: Awful Truth on US Tax Code House GOP tax plan would fall $1.3 trillion short of paying for itself, study finds
(DBN)

Why the GOP Tax Cut Will Make the Trade Deficit Grow
(DBN)

America's National Debt Will Never Go Down
(DBN)

The debt time bomb that keeps growing and now equals nearly half of US GDP
(DBN)

Vicente Fox to Trudeau: Don't be 'Judas' on NAFTA Carmakers Rebuke Trump on NAFTA Stance
(DBN)

Another Global Financial Crisis is Imminent
(DBN)

U.S. migration still at historically low levels, census shows
(DBN)

New Foreign Student Enrollment Doubled Since Recession in U.S.
(DBN)

Your Retirement Cash May be in Trouble
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Comments on October Housing Starts
(DBN)

Walter's bankruptcy won't affect Ditech's servicing ability
(DBN)

Can a Condo Association Recover Past-Due Amounts After Owner Files Bankruptcy?
(DBN)

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Municipalities:

Utility crews exit Puerto Rico with restoration job half done Whitefish is halting Puerto Rico power repairs, claiming it's owed $83 million
(DBN)

Two months later: Puerto Rico doesn’t have power, education or economy running again
(DBN)

New Puerto Rico utility head, same old challenges
(DBN)

Puerto Rico to Pay Christmas Bonuses Despite Storm's Toll
(DBN)

7 Numbers That Explain How Much Puerto Rico Is Still Suffering Two months after Hurricane Maria, Puerto Rico struggles
(DBN)

Real Puerto Rico Fiasco Starts After Recovery
(DBN)

Puerto Rico's New Normal
(DBN)

Puerto Rican coalition calls for full recovery funding and debt relief
(DBN)

I spent a week in Puerto Rico and walked away feeling hopeful
(DBN)

Congressional Representatives Seek to Dismantle Muni-Bond Market
(DBN)

These cities have the best chance of snaring Amazon's new $5 billion headquarters
(DBN)

NYT writer says Detroit 'feels like the most exciting city in America'
(DBN)

Mayor of Hartford, Which May Go Bankrupt , May Want to Be Governor
(DBN)

Audit: Financial disarray plagues Gary school district
(DBN)

Two Indiana school systems went broke. Others are in danger.
(DBN)

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Oil/Gas:

Oil Price Drop Imminent If Moscow Says “No” To Extension
(DBN)

As Venezuela pumps below OPEC target, oil rivals begin filling gap
(DBN)

Charter party “no lien” clause enforced
(DBN)

No, Norway Isn't Turning Away from Fossil Fuels
(DBN)

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Healthcare:

Community Health Systems in talks to extend nearly $2 billion in debt
(DBN)

Here's how Medicaid became the backstop of America's ailing health care system
(DBN)

Why Repealing the Obamacare Mandate Might Not Save Much Money
(DBN)

Some U.S. Hospitals Don’t Put Americans First for Liver Transplants
(DBN)

Public hospital board extends contract of troubled management firm
(DBN)w

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Sporting Goods:

Maurice Sporting Goods Files For Bankruptcy , Pursues Sale Middleton Partners to buy Maurice Sporting Goods' assets
(DBN)

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Rugby:

Autumn Tests: Samoa rugby not bankrupt , says World Rugby
(DBN)

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Retailing:

Shiekh Shoes reportedly scrambling to avoid bankruptcy
(DBN)

Macy’s Plan to Survive the Retail Apocalypse
(DBN)

Circuit City bankruptcy: 9 years and counting
(DBN)

Americans are feeling richer these days, but they won’t necessarily be spending more on gifts
(DBN)

It's not the economy, stupid. What retail advisors are really worried about this holiday season
(DBN)

Americans are planning to celebrate Christmas like it's 2007
(DBN)

Why the recent retail rally will be short-lived
(DBN)

Retailers get creative to lure holiday shoppers
(DBN)

As Amazon Looms, Retailers Are Playing Up The Feels And No-Spin Deals This Holiday Season
(DBN)

U.S. Retailers Pin Hopes on Black Friday
(DBN)

Urgent care is latest retail prescription for landlords
(DBN)

Winners And Losers In Retail: Who To Bet On
(DBN)

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Aviation:

National Air Cargo Cleared to Leave Bankruptcy
(DBN)

Consumers Holding Island Air Tickets Should Seek Refunds Immediately
(DBN)

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Celebs:

Real Housewives' spouse leaves South Jersey prison
(DBN)

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Lehman:

HSBC Has Fine Over Lehman Products Reduced in Hong Kong
(DBN)

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New Bankruptcy Opinions
(9 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (19 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (82 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:

Weekly Bankruptcy Claims Trading Activity
(DBN)

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Recharacterization:

In Bankruptcy, a Lease Isn't Always a Lease
(DBN)

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Interest:

Courts Deliver Victory for Secured Lenders in Chapter 11 Cramdown Case
(DBN)

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Insiders:

Which Level Court Is Best Positioned To Decide The Question Of “Insider” Status Under The Bankruptcy Code?
(DBN)

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Corporate Governance:

Commentary from the Delaware Bench on Contractual Alternatives to Fiduciary Duties
(DBN)

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TBTF:

Zions Bancorp files petition to lose 'systemically important' tag
(DBN)

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Reaffirmation:

Court Rejects Terms Slipped into Reaffirmation Agreement
(DBN)

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Bankruptcy Rules:

Shorter Deadline for Filing Bankruptcy Claims and Other Changes to Bankruptcy Rules Starting December 1st
(DBN)

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Cross-Border:

What Has the Judicial Insolvency Network Done for Cooperation between Courts in Multi-Jurisdiction Insolvencies?
(DBN)

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Miscellaneous:

Recent Developments in Bankruptcy Law October 2017
(DBN)

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Insurance:

Florida opens delinquency proceedings for allegedly insolvent insurer
(DBN)

“Other Insurance” Issue is Not the Policyholder’s Problem
(DBN)

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Autos:

GM shares upgraded because of automaker's 'advanced' autonomous technology
(DBN)

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Pensions:

PBGC multiemployer program deficit at $65 billion
(DBN)

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Autos:

Tesla has dropped more than 20 percent from September's all-time high Even With Model 3 Success, Tesla Is Structurally Bankrupt Bob Lutz is Probably Right About Tesla
(DBN)

Honda to Use Facebook to Find Owners With Defective Takata Airbags
(DBN)

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Entertainment:

Surprise Weinstein Co. bidder — a former Obama official — proposes majority-female board
(DBN)

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Education:

The Republican War on College
(DBN)

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UK:

KPMG appoints Blair Nimmo new global head of insolvency Nimmo takes on global insolvency role
(DBN)

A Recommendation for Mandating Mediation in England and Wales
(DBN)

Theresa May's cabinet agrees to pay £40 billion Brexit divorce bill
(DBN)

U.K. Budget Deficit Widens as Inflation Boosts Debt Costs
(DBN)

'People are less welcome, coming here for less money, and less certain about the future': Brexit is driving a labour crisis on Britain's farms
(DBN)

Queen Elizabeth II used coupons to buy her wedding dress
(DBN)

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PIIGS:

Italian banks face long, uphill road to modernization
(DBN)

Greek opposition leader promises end to 'surreal' era
(DBN)

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Canada:

Quest Obtains a Fourth Extension of the Delay to File a Proposal Under the Bankruptcy and Insolvency Act
(DBN)

Are Forbearance Agreements on the Endangered Species List: The Effect of Canada v. Callidus Capital on Lenders’ Dealings with Insolvent Borrowers
(DBN)

Foreign buyers are pouring money into Canada's real estate market — but that's not what's driving up prices
(DBN)

The hard truth is that Sears pensioners don’t deserve special treatment in bankruptcy
(DBN)

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India:

Asia's Richest Banker Spots a Once-in-a-Lifetime Opportunity
(DBN)

Defaulter steel trio in demand
(DBN)

Insolvency Law: Case For Tax Exemptions?
(DBN)

India Considers Whether Delinquent Owners Can Repurchase Assets
(DBN)

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Vietnam:

Vietnam approves bill letting banks be declared bankrupt
(DBN)

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Germany:

Germany Plunged into Political Crisis
(DBN)

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Venezuela:

Debt restructuring battle is brewing over Venezuela
(DBN)

Yes, Venezuela Is On The Brink Of Default. No, That Doesn't Mean Regime Change.
(DBN)

Venezuela's creditors should hold on tight
(DBN)

Venezuela heads for more misery
(DBN)

As many Venezuela bondholders stampede, some joust for advantage
(DBN)

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China:

China Steps Up the Fight Against a Mountain of Debt
(DBN)

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Singapore:

High Court refuses priority rescue financing status in first case on Singapore’s new DIP financing regime
(DBN)

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