November 22, 2017

The Daily Bankruptcy News

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Due to the Thanksgiving holiday, The Daily Bankruptcy News will not publish on Thursday and Friday, November 23 and 24, 2017



Law:

Manhattan Bankruptcy Attorney Suspended on Allegations of $800K Escrow Theft
(DBN)

Sedgwick to Shutter Operations in January As More Partners Depart, Sedgwick Confirms Plans to Close Sedgwick Law Firm Will Close in January
(DBN)

Layoffs Hit Husch Blackwell
(DBN)

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

Details emerge of Clifford Chance witness coaching claims
(DBN)

After More Than a Century, No More Marbury at DLA Piper
(DBN)

Big Law Firms Show Sharp Divide Between Attorney and Staff Parental Leave
(DBN)

Court Rules Ex-Inmate and Skadden Fellow Can Sit for Bar Exam
(DBN)

10 Law Schools Sanctioned by ABA for Lax Admissions
(DBN)

Juror Secrets Are Few as Lawyers Mine Online Treasure Trove
(DBN)

More than $30 million worth of cryptocurrency was just stolen by hackers, company says
(DBN)

Report: Mueller probing Kushner contacts with foreign leaders Kushner Urged Trump to Fire FBI Director Comey: Reports Kushner Worried Probe Will Get Trump Trump's Lawyers Playing Down Mueller Probe to Stop Rage
(DBN)

Melissa Gilbert Accuses Oliver Stone Of Harassment: “It Was Humiliating And Horrid” She Said A Powerful Congressman Harassed Her. Here’s Why You Didn’t Hear Her Story Harvey Weinstein’s Secret Settlements Former interns accuse TV icon Charlie Rose of improper behavior CBS fires Charlie Rose The repercussions for Charlie Rose reflect our changing times Ethics Committee launches investigation into harassment allegations against longtime Democratic congressman Congress: Secret History of Harassment Court files show allegation of "daily" harassment by Conyers Conyers confirms harassment settlement, but denies wrongdoing Pixar Chief Hit with Assault Claims Harassment: The Trump 13 Why Harassment Rates Are So High in the Restaurant Industry John Lasseter's Pattern of Alleged Misconduct Detailed by Disney Al Franken's Rising Star Begins to Dim The Dam of Congressional Harassment Claims Cracks Open Sex, lies & excuses: Partisan madness on predators
(DBN)

Second Judge Stops Trump Transgender Ban
(DBN)

DOJ moves to strip citizenship for immigrant child abusers
(DBN)

Cowboys owner Jerry Jones backs off threat to sue NFL
(DBN)

How Manson Almost Made It in Hollywood
(DBN)

CVS employee accused of stealing $1M lottery ticket
(DBN)

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Judges:

Virtual Reality Faces Daunting Courtroom Realities
(DBN)

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Wall Street:

US futures point to a slightly higher open, ahead of data, Fed minutes
(DBN)

S&P 500 passes 2,600 for the first time, led by tech stocks
(DBN)

Suddenly bullish Goldman sees a big 2018 for stocks due to 'rational exuberance'
(DBN)

Bank of America sees end of bull market coming in 2018
(DBN)

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Layoffs:

Third Circuit Rules That WARN Act’s "Unforeseeable Business Circumstances" Exception Requires That Layoffs Be Probable, Not Possible
(DBN)

Baumann lays off 134
(DBN)

Workers, families learn of 170 Honeywell layoffs days before holiday season
(DBN)

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Retailing:

Restaurants vs. Apparel: A Different Recipe for Restructuring A Retail Footprint
(DBN)

Signet shares plunge 27 percent after the jewelry retailer slashes its forecast
(DBN)

Lowe's sales top Street expectations, boosted by hurricane-related purchases
(DBN)

How Macy's lost $11 billion in value in 3 years
(DBN)

Even experts can't agree on what companies need to do to survive the retail apocalypse
(DBN)

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Yoga:

Bikram Yoga Guru Fades Into Bankruptcy
(DBN)

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Newspapers:

Claiming self as biggest creditor, Rogoff objects to outside firm
(DBN)

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Travel:

How to survive a cheap flight
(DBN)

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Personal Finance:

6 things NOT to buy on Cyber Monday
(DBN)

7 things to buy (and avoid) on Black Friday
(DBN)

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Banking:

FDIC: Fewer Problem banks, Residential REO Declined in Q3
(DBN)

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Accounting:

Deloitte challenges €23m Italy fine
(DBN)

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Weather:

Think Harvey's Flooding Was Bad?
(DBN)

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Telecoms:

Gutting the Internet That We Know America is About to Kill the Open Internet
(DBN)

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Economy:

Yellen says inflation below 2% goal poses one of the ‘biggest challenges’ to Fed Yellen says the Fed is close to goals, sees dual risks as it hikes rates Janet Yellen’s true legacy is her focus on middle-class wages
(DBN)

Fed Rate-Hike Pace in Focus Over Hot Job Market
(DBN)

Chicago Fed "Index Points to a Pickup in Economic Growth in October"
(DBN)

GOP plan will ultimately raise taxes on 50% of Americans, nonpartisan assessment says GOP Tax Plan's Drafting Glitches Just Benefit the Rich A ‘Gut-Check Moment’ for Republican Senators The prospect of corporate tax cuts has CEOs abandoning fears of the looming national debt disaster Higher premiums would cancel out some tax cuts Only one out of 42 economists say corporate tax cuts will lead to big boost to GDP Corporate tax reform will create jobs but may not boost wages: CFO survey Senate GOP Tucks Future ‘Traps’ for Multinationals Into Tax Bill Tax reform uncertainty holding stocks 'hostage' and it could foil a Santa rally, longtime bull says Republican Sen. Lisa Murkowski announces support for repealing individual mandate, a potential boost to tax overhaul Will Congress Cross Trump’s Red Line on Corporate Tax Rates?
(DBN)

3 Thorny Issues That Could Lead to a Government Shutdown in December
(DBN)

Trump's war on NAFTA may derail small-business manufacturers Trump NAFTA Withdrawal to Face Court Case NAFTA Countries Lock Horns on US Demands Cornyn: Congress Gets Say in New NAFTA Deal NAFTA Talks are in Real Trouble
(DBN)

More older Millennials are living with relatives, a legacy of 2007-09 recession
(DBN)

The U.S. opts out of global trade, opening the door to China
(DBN)

Under Trump, U.S. Companies Face a Rough Road on Trade
(DBN)

Chemical Activity Barometer Increased in November
(DBN)

Fortune's Predictions for 2018
(DBN)

Global growth rates forecasts are "good-ish"
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

NAR: "Existing-Home Sales Grow 2.0 Percent in October"
(DBN)

National Mortgage Delinquency Rate increased in October due to Hurricanes
(DBN)

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Municipalities:

Florida governor: 2,000 leaving Puerto Rico every day — 84,000 in 42 days
(DBN)

Hurricane changes the game for Puerto Rico bond investors
(DBN)

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Oil/Gas:

Jim O’Neill: Why oil is set for a price rise Oil prices jump on Canadian pipeline disruption to United States Oil Heads for Two-Year High as U.S. Stocks Shrink
(DBN)

Bankrupt Venezuela Asks Partners For Free Oil Venezuela Greases OPEC's Wheels With Less Oil
(DBN)

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Autos:

Takata buys more time to clinch sale; trustee says breakup fee deal too sweet
(DBN)

Tesla could surge to $400 and then get cut in half in 2018, Morgan Stanley predicts Tesla is Burning Through $4 Billion a Year
(DBN)

October defaults continue cyclical pattern, climbing another 6 basis points
(DBN)

Toyota to US Workers: Cut Costs or Else
(DBN)

The Electric Car Cannot Be Stopped
(DBN)

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Hotels:

Mandalay Bay in crisis as hundreds of Las Vegas shooting victims accuse hotel of missing red flags
(DBN)

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Politics:

How to avoid a political food fight this Thanksgiving How to avoid a political food fight this Thanksgiving
(DBN)

Trump finally breaks silence on Roy Moore and offers de-facto endorsement A pastor who supports Roy Moore said ‘more predators are women.’ Here are the facts. Alabama ex-cop says she was tasked with keeping Roy Moore away from cheerleaders at high school games Roy Moore Met Wife When She Was a Minor Pastor: Roy Moore Dated Teens for Their "Purity" Trump Stands By Roy Moore Trump breaks from RNC, Ivanka in supporting Moore Trump’s Defense of Roy Moore ‘Beyond Stupid’ Trump defends Roy Moore: 'He totally denies it'
(DBN)

Trump pardons 'Drumstick' the turkey and jokes about overturning Obama's turkey pardons
(DBN)

Kelly Has Clipped Kushner's Wings
(DBN)

Russia-friendly Congressman under scrutiny
(DBN)

This Uranium Deal Was No Scandal
(DBN)

Another Secret Life of a "Family Values" Politician Exposed
(DBN)

When Gov't Becomes the Weapon of Revenge
(DBN)

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Healthcare:

The biggest health issue we aren’t debating
(DBN)

Sticker shock for many, insurer exits if Obamacare rule killed Repealing the individual mandate would do substantial harm The GOP’s Strategy for Killing Obamacare Now Looks Like This
(DBN)

America's dark future: Deaths from booze, drugs, suicide could spike 60 percent over next decade
(DBN)

Counting the costs: U.S. hospitals feeling the pain of physician burnout
(DBN)

Americans Weigh More , but Shun “Overweight” Label
(DBN)

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Currency:

How bitcoin fever is like the dot-com bubble, in one chart
(DBN)

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Pensions:

Diocese Fights to Quash Subpoena for St. Joseph Pension Fund, Wistow Fires Back
(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 (13 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (92 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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Third Party Release:

SunEdison Court Strikes Down Third-Party Releases On Multiple Grounds
(DBN)

Bankruptcy Court Rules That It Has Constitutional Authority to Grant Nonconsensual Releases in Chapter 11 Plan
(DBN)

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Tax:

Tax Reform – Restructuring & Insolvency Related Provisions – Part 1 – Net Operating Losses
(DBN)

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TBTF:

Too Big to Fail Banks Getting Even Bigger
(DBN)

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Impairment:

Chapter 11 Plan Not Providing for Payment of Make-Whole Premium Impaired Noteholders
(DBN)

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Reclamation:

To Have and to Hold: Third Circuit Rules That Physical Possession of Goods Is Required Under Section 503(b)(9) of the Bankruptcy Code
(DBN)

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Interest:

Second Circuit Issues Key Cramdown Interest Rate Ruling
(DBN)

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Cross-Border:

COMI Migration and Illegitimate COMI Manipulation Distinguished
(DBN)

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Consolidation:

Ninth Circuit: Federal Law Governs Substantive Consolidation, and Supreme Court’s Siegel Ruling Does Not Bar Consolidation of Debtors and Nondebtors
(DBN)

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Intervention:

First Circuit Rules That Section 1109(b) of the Bankruptcy Code Creates an Unconditional Right to Intervene in an Adversary Proceeding
(DBN)

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Autos:

Key Safety Systems to buy Takata for $1.6B
(DBN)

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UK:

Bankrupt tennis legend Boris Becker reveals he no longer feels German and wants to be buried in Wimbledon
(DBN)

Brexit Just Got Real
(DBN)

Manufacturing slumps in UK business confidence index
(DBN)

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EU:

Zombie Firms Roam Europe Because Banks Help Keep Them Undead
(DBN)

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Canada:

Sears Pensioners: No to Special Treatment
(DBN)

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MENA:

At the Ritz in Riyadh, Detained Saudis Negotiate for Freedom
(DBN)

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Australia:

Safe Harbour: Protection for directors from insolvent trading laws
(DBN)

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India:

Insolvency law: Govt sets up 14-member panel to identify issues
(DBN)

Slowdown in hospitality deals due to strict property and bankruptcy laws
(DBN)

Cabinet Moves Ordinance With Changes To Bankruptcy Code No more bidding from willful defaulters for stressed assets as government moves to bring changes in Bankruptcy code
(DBN)

Supreme Court Bars Jaypee Associates' Directors From Selling Assets
(DBN)

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Romania:

Over 4,440 companies become insolvent in Romania in first half
(DBN)

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Venezuela:

Venezuela bondholders look to form alliances under restructuring limbo
(DBN)

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