November 28, 2017

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Cravath Announces Its 2017 Associate Bonuses •Associate Bonus Watch: The First Cravath Match Is Here! • Associate Bonus Watch: The Next Big Player Makes Its Move • Associate Bonus Watch: Firms That Refuse To Follow The Market May Have ‘Crappy’ Bonuses
(DBN)

The 25 Law Firms Clients Say Provide The Most Value
(DBN)

The legal profession is diversifying. But not at the top.
(DBN)

Pa. Jury Convicts Payday Lending Bigwig, Attorney Of Fraud
(DBN)

Bryan Cave, BLP Merger Talks Move Forward With Deloitte
(DBN)

Collection Season Looms Extra Large for NY Law Firms
(DBN)

Sedgwick Back Office to Close, Lay Off 75 Employees
(DBN)

‘Mass Lateral’ Moves No Silver Bullet For Beleaguered Firms
(DBN)

3 Lessons On Holiday Parties From ‘The Office’
(DBN)

The Power Of The Pen: 5 Ways Using Your Voice Can Lead To Opportunities
(DBN)

First wave of Linklaters associates take up 40-hour per week contracts
(DBN)

Faced With High-Profile Partner Defections, Firm Revamps Its Compensation Structure
(DBN)

Is It Time For A College of Legal Operations? (Yes, It Is.)
(DBN)

Why You Keep Failing The Bar Exam…
(DBN)

Why Princeton Law School Is In The Top 20
(DBN)

Esquire Etiquette: Minding your manners at work
(DBN)

Scaramucci Threatens Law Student, Comes Off Like A Whiny Brat • Tufts delays Scaramucci event after he threatens suit over op-ed pieces
(DBN)

Kushner team disputes today's document turnover deadline • Michael Flynn's lawyer meets with members of special counsel's team, raising specter of plea deal • A key witness in the Russia probe had a 'lengthy conversation' with Trump at Mar-a-Lago • Mueller’s Options, Short Of Indictment • Mueller is set to grill a key White House player as he examines whether Trump obstructed justice • Flynn's attorney reportedly met with Mueller's team Monday, suggesting plea talks are underway • Manafort Bankers, Associates Summoned by Manhattan D.A.
(DBN)

Al Franken won't 'speculate' on whether other women will come forward with allegations • Franken Apologizes Again While Saying He's Resuming Senate Work • Senate Democrats say results of ethics investigation into Al Franken should be made public • How Conyers' harassment scandal could upend the entire political landscape • British actress sues Harvey Weinstein in New York alleging he engaged in trafficking • How to Identify Serial Harassers in the Workplace • Bill Clinton White House Staff Feared Bending Over • CA: State Sen. Tony Mendoza booted from leadership posts pending harassment investigation • What Congressmen Are Hiding • The 3 Things That Make Organizations More Prone to Harassment
(DBN)

Seized Assets Funded $3.25 Million in Bonuses for District Attorney’s Office Employees
(DBN)

Federal prosecutors drop charges against man accused of causing a journalist’s seizure with a tweet
(DBN)

Sessions orders review of background check database for gun buyers; Black Friday checks set record
(DBN)

U.S. Supreme Court Rejects Assault Rifle, Open-Carry Appeals • Supreme Court denies cert in 2 cases upholding gun restrictions
(DBN)

Judge: Military Must Allow Transgenders
(DBN)

31 members of an Asian fraternity could face decades in jail for 2013 hazing death
(DBN)

Aaron Hernandez arranged trust that hid wealth beyond reach of creditors
(DBN)

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Judges:

Mystery Donor Gave $28 Million to Help Get Gorsuch on Supreme Court
(DBN)

The Ninth Circuit’s Liberal Lion Has Died
(DBN)

BK WD WA: Term Law Clerk Vacancy Announcement
(DBN)

First African-American judge in 7th Circuit Court of Appeals retiring
(DBN)

Louisiana high court justice recuses from death penalty case after radio remarks
(DBN)

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Wall Street:

Dow gathers strength for higher open as traders brace for Powell hearing • US futures fractionally higher ahead of open, as investors await bumper data, earnings
(DBN)

Dow, S&P 500 and Nasdaq ease from record highs as retail rally fizzles out • Stocks slide as energy weakness offsets retail rally; Dow bucks trend • Energy Slumps, Amazon Shines as Wall Street Ends Flat
(DBN)

Morgan Stanley: Everything keeping the market calm is about to get worse
(DBN)

Chance of US stock market correction now at 70 percent: Vanguard Group
(DBN)

Dallas Fed president: Stock market 'excesses' pose potential threat to economy
(DBN)

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Layoffs:

Auto supplier to lay off 345
(DBN)

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Corporate Reform:

Who's the boss? War breaks out for control of top consumer watchdog • Uncertainty Hangs Over CFPB as Two Vie to Lead Agency • CFPB Suit Proves Once Again Why Textualism Is A Bankrupt Philosophy • Trump-Appointed Judge Gets CFPB Lawsuit • The Constitution Is on Trump's Side in CFPB Fight • The CFPB Fight Is Completely Pointless • Chaos at the top of the government's consumer watchdog could be 'devastating' for Americans • Mulvaney aide: CFPB transition "could not have been smoother" • Mick Mulvaney Thinks The CFPB Is A ‘Sad, Sick Joke’ And ‘Very Worst Kind Of Government Entity’ • At the CFPB, two acting directors show up to take command; one brings doughnuts, the other well-wishes • Mulvaney tells CFPB to "disregard" instruction from Leandra English • Mick Mulvaney Settling In Quickly To New Role As HBIC Over At CFPB • Trump pick for consumer protection office at work despite legal challenge • The laws that will determine who will lead the CFPB • Mick Mulvaney holds defiant press conference amid major battle for control of consumer watchdog group • Trump's new CFPB chief imposes hiring freeze at nation's top financial watchdog • CFPB lists Mulvaney as Acting Director on website • Trump appointee asserts control over CFPB for now
(DBN)

Barney Frank: I have two 'serious objections' to Senate's plan to reform Dodd-Frank
(DBN)

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Retailing:

A 2-year price study put Walmart and Amazon head-to-head — and the results should terrify Amazon
(DBN)

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Politics:

Melania Trump blasts Vanity Fair for 'shameful' story claiming she never wanted to be first lady
(DBN)

John Kelly's former top aide plans to launch a write-in campaign in Alabama against Roy Moore • Retired marine launches write-in campaign to challenge Roy Moore • New Roy Moore ad claims he's had a scandal-free political career • White House: Trump won't campaign for Moore • Shill Tries to Bait Washington Post on Moore • WaPo Busts James O’Keefe’s Failed Attempt to Fool Them With Fake Roy Moore Accuser • Moore denounces allegations in first public event in 11 days • Roy Moore loses a key Republican vote in the Alabama special election
(DBN)

Trump calls Elizabeth Warren "Pocahontas" at event with Navajo Code Talkers •Warren: It's "unfortunate" Trump can't honor heroes without using an "ethnic slur" • White House: "Ridiculous" for Warren to say "Pocahontas" is a racial slur • Native American leaders say Trump's "Pocahontas" remark was "slur" • Trump's Most Egregious 'Pocahontas' Joke Yet • Why Trump keeps calling Elizabeth Warren "Pocahontas"
(DBN)

Access Hollywood Fires Back on Trump Tape
(DBN)

California Republicans Pay the Price of Trump
(DBN)

The perks of being a member of Congress
(DBN)

Tillerson's Top State Hire Quits After Three Months
(DBN)

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Solar:

Pending Decision by Trump Could Pummel Growing Solar Industry • Key senator backs incentives over tariffs in solar trade battle
(DBN)

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Telecoms:

USDA Balks At 'Drastic' Cut Of $34M Claim In Limitless Ch. 11
(DBN)

Avaya Ch. 11 Plan, Supported By Creditors, Heads To Judge
(DBN)

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Apparel:

Maurice Sporting Good Fetches $39 Million Stalking Horse Bid In Bankruptcy Proceedings
(DBN)

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Travel:

Airlines to rake in record $57 billion in passenger fees this year, study shows
(DBN)

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Coal:

How Trump's Coal Aid Plan Will Raise Power Bills
(DBN)

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Economy:

Dallas Fed: "Manufacturing Expansion Slows but Remains Solid" in November
(DBN)

Fed's Kaplan says rate hike appropriate in 'near future'
(DBN)

Markets will pay close attention to Powell's comments on regulation and inflation • Trump nominee for Fed chair says he strives for a 'full recovery' in the economy • Powell to testify Fed will continue to hike interest rates, shrink the balance sheet • Fed Chief Nominee: Rates to Rise • Powell to Face Questions on Direction of Fed Policy at Senate Hearing
(DBN)

The Consumer Price Index Can't Find Its Happy Place
(DBN)

Recessions imminent when corp. debt rose to 500+% of internal funds
(DBN)

The next 2 weeks could make or break Trump's first year as president • Trump Wants Changes to Tax Bill • Here's where GOP Senate holdouts stand on sweeping tax bill • Senate moves ahead with politically risky tax bill • Voter skepticism about tax reform has ominous ring for Republicans • Trump heads to Capitol Hill to promote his controversy-laden agenda • Can Trump Succeed Where Mnuchin and Cohn Have Flopped? • Republican Sen. Corker signals possible committee 'no' vote on tax bill • McCain says he remains undecided on tax bill • Senate Bill in Limbo Amid Budget Panel Drama • Rand Paul to vote for tax bill • Montana's Daines a 'no' on Senate tax bill: report • The Senate tax bill's "seesaw" trap • GOP Holdout Seeks Bigger Pass-Through Break • JPMorgan says the stock market will surge 5% if tax bill passes • Wavering GOP senators must face three hard truths on tax reform • Billionaire Ken Griffin: We 'probably' don't need to cut taxes as much as proposed • Do tax reform the right way • Cutting the corporate tax rate is worth the cost, Martin Feldstein argues • Rosenberg: The GOP tax plan could be devastating for future generations in America • It Turns Out Trump's Tax Plan Is Bad for Businesses Too • Senate may vote on tax reform as soon as this week • Senators Begin Deal-Making to Secure Tax Votes • Here’s how many people would die as a result of the Senate’s tax cut on booze • Changes Are Coming to the Senate Tax Plan • The Biggest Tax Scam in History • The Rich Don't Need a College Subsidy • Trump could personally benefit from last-minute change to Senate tax bill • Report: Tax reform might not produce that much growth • The Republican Tax Bill Might Need an Escape Hatch to Pass • Senators Consider Automatic Tax Hikes • Conservative Economists Say Corporate Tax Cuts Will Boost Economic Growth • CBO Score: Tax Bill Raises Deficit $1.4 Trillion • How can Congress pass a tax bill that increases the deficit?
(DBN)

Taxes Are Low in the U.S., But Other Stuff Is Expensive
(DBN)

Democrats and Republicans agree on almost everything about college — except whether it's worth the cost
(DBN)

Social Security faces a 23% cut, Paul Brandus warns
(DBN)

Americans: retiring later and getting sicker
(DBN)

Parents now spend twice as much time with their children as 50 years ago
(DBN)

Household Debt Service Ratio and Financial Obligation Ratios Since 1980
(DBN)

Top auto executives meet with Pence with concerns about NAFTA • How NAFTA Has Failed Mexico
(DBN)

Trump’s version of capitalism looks a lot like revenge — and it endangers our democracy
(DBN)

Mapping the United States of Welfare
(DBN)

Bitcoin Bubble Makes Dot-Com Look Rational
(DBN)

70% of Ninth Graders Don't Graduate College
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

The Defense of Commercial Lenders in Multi-Tenant Bankruptcy
(DBN)

U.S. New-Home Sales Unexpectedly Rise to Highest in a Decade • New home sales rise again, but questions still remain about housing market’s health • New Home Sales increase to 685,000 Annual Rate in October • A Few Comments on October New Home Sales
(DBN)

Black Knight: House Price Index up 0.2% in September, Up 6.4% year-over-year
(DBN)

These are the hottest real-estate markets in the U.S.
(DBN)

North Padre Island development in dire straits
(DBN)

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Municipalities:

Puerto Rico Hands FEMA Power to Approve Any Use of Hurricane Aid
(DBN)

Puerto Rico Mediation Team Member Appointed
(DBN)

PR Seeks Urgent Advisor Help With Utility Restructuring
(DBN)

Sanders to present $146B plan to help Puerto Rico
(DBN)

Chicago wants to give over $1 billion in taxes from workers at Amazon's new headquarters back to Amazon
(DBN)

Tax-Hike Fears Trigger Talk of Exodus From Manhattan and Greenwich
(DBN)

Malloy appoints first three members of review board for Connecticut Municipalities • New state Municipal Accountability Board takes shape
(DBN)

Fort Worth Grapples with Pension Problems
(DBN)

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Oil/Gas:

OPEC to decide fate of production-limiting agreement this week
(DBN)

Oil prices move lower as doubts creep in over OPEC outcome
(DBN)

Putin could be about to send the oil markets into a tailspin
(DBN)

Oil Prices Could Jump To $80 Next Year
(DBN)

Norway's wealth fund gives reasons for energy shares decision
(DBN)

Shell to Pay Its Dividend in Cash in Latest Sign of Health for Big Oil
(DBN)

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Retailing:

Retailer Wet Seal seeks to extend bankruptcy to boost recoveries
(DBN)

Report: Macy's NYC flagship worth $3.3 billion
(DBN)

In 1999, Jeff Bezos' Amazon office was on the same street as a needle exchange and a p--- shop
(DBN)

Amazon warehouse life ‘revealed with timed toilet breaks and workers sleeping on their feet’
(DBN)

Plus-size women's apparel retailer sets liquidation sales • SB Capital Group, 360 Merchant Solutions to Liquidate 19 Stores for Fashion to Figure
(DBN)

Malls Never Wanted Gyms. Now They Court Them
(DBN)

We've all become time-deprived bargain hunters — and it's hurting the bricks-and-mortar retailers
(DBN)

Cyber Monday is shaping up to be the largest online shopping day ever
(DBN)

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Celebs:

Fyre Fest Bankruptcy Trustee Wants McFarland and Ja Rule to Take Responsibility For Disastrous Event
(DBN)

Boris Becker insists his bankruptcy drama is a 'big misunderstanding'
(DBN)

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Weather:

The Most Expensive U.S. Hurricane Season Ever
(DBN)

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Healthcare:

Tulare Hospital making progress with new board, management team
(DBN)

Cancer Center 21st Century Faces Pushback Over Ch. 11 Plan
(DBN)

Americans Credit ACA on Access, but Mixed About Costs
(DBN)

Repealing individual mandate would hit red states hardest
(DBN)

How Opioids Started Killing Americans
(DBN)

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Hotels:

Sales scheduled for defaulting hotels in Clarksburg, Elkins
(DBN)

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Banking:

Wells Fargo bankers overcharged clients for higher bonuses •Wells Fargo overcharged hundreds of business clients: report
(DBN)

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Currency:

The chance of a bitcoin crash is greater than 80% — if history is any guide • Bitcoin lays waste to a year’s worth of ‘bubble’ calls on its way to new highs • Here’s how fast bitcoin is taking out $1,000 milestones • Bitcoin could 'easily' reach $40,000 by the end of 2018, hedge fund legend Novogratz says
(DBN)

Karpeles Coin: Mt. Gox Founder’s ICO Plans Cause Community Outrage
(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 (15 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (7 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:

Next U.S. Restructuring Epidemic: Sick Health-Care Companies
(DBN)

Weekly Bankruptcy Claims Trading Activity
(DBN)

Bankruptcy filings decline, but experts predict the hits will keep coming
(DBN)

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Agriculture:

For farmers facing hard times, law relieves tax headache
(DBN)

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Discharge:

Solicitor General recommends US Supreme Court review in dischargeability case
(DBN)

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Arbitration:

Court Denies MF Global Holdings’ Bid To Appeal Bankruptcy Court Order Compelling Arbitration
(DBN)

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Reclamation:

Third Circuit Sheds Light on Eligibility for Administrative Priority Under Section 503(b)(9)
(DBN)

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Tax:

The Trust Fund Recovery Penalty
(DBN)

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SCOTUS:

SCOTUS Implements New Electronic Filing Guidelines
(DBN)

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Avoidance Actions:

Recent Rulings Deepen the Divide on Whether the Bankruptcy Code’s Avoidance Provisions Apply Extraterritorially
(DBN)

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Aviation:

National Air Cargo set to fly out of bankruptcy as cash flows in
(DBN)

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Autos:

Self-driving cars from Uber-like services could cut demand for sedans in half by 2030, study says
(DBN)

Takata Tort Claimants Say Deal Would Favor Parts Makers
(DBN)

Faraday Future is reportedly struggling to raise $500 million ahead of a major deadline
(DBN)

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Student Debt:

Why student loans are no excuse for slacking on retirement savings
(DBN)

Wells Fargo Facing Penalties Over Ignoring Student Loan Included in Bankruptcy
(DBN)

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Education:

Bankrupting Higher Education
(DBN)

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Bankruptcy Crimes:

Brimfield man sentenced for concealing assets during bankruptcy filing
(DBN)

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Fuel Cells:

Amfuel files Chapter 11 bankruptcy
(DBN)

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Mootness:

Equitable Mootness Doctrine Persists in Bankruptcy Appeals
(DBN)

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UK:

Euler Hermes: Global protectionism and Brexit could dent UK trade prospects
(DBN)

U.K.’s big lenders can weather a ‘disorderly Brexit,’ says Bank of England
(DBN)

UK gov't to review airline insolvency laws
(DBN)

British Airways owner IAG buys Gatwick slots from collapsed Monarch
(DBN)

Moray Council leader warns of ' bankruptcy '
(DBN)

Oxford housing co-op 'facing bankruptcy' over £50k tax bill
(DBN)

Living in London is less affordable than ever — house prices are 14.5 times the average salary
(DBN)

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EU:

EU Council says ECB does not have mandate for its bad loan measures
(DBN)

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PIIGS:

Sean Dunne wins battle to cross-examine bankruptcy official
(DBN)

Greece: Reaching a deal with creditors is not going to be easy
(DBN)

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Canada:

NDP private member's bill shows pension plans can be protected
(DBN)

The curious case of a disgraced ex-hedge fund manager and the trader he says was his partner
(DBN)

Albertans face $8B bill for orphan wells unless rules change
(DBN)

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India:

IBC ordinance may bar clean bidders too, say stakeholders • Insolvency ordinance: Importance of being earnest • Only 'errant promoters' need fear IBC: Centre • IBC ordinance a blow against the Promoter Raj • Legislating For Moral Hazard With A Broad Brush.
(DBN)

Setting The Stage To Take India’s NPA Problem To Its Logical Endgame
(DBN)

Is bankruptcy code the harbinger of real change?
(DBN)

Tough time for Anil Ambani as Chinese lender drags RCom to bankruptcy court, company shares nosedive
(DBN)

This Chinese Frenemy Offers India Banks a Risky Reliance • Why a Chinese bank’s insolvency move on RCom worries Indian lenders
(DBN)

Too Early For Private Equity Firms To Invest In Stressed Assets, Renuka Ramnath Says
(DBN)

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China:

Another Chinese bike-share company appears to have gone bust
(DBN)

Beijing's mass evictions kick tens of thousands into freezing cold in the name of 'safety'
(DBN)

Chinese Rival to Tesla Faces a Debt Crunch
(DBN)

China Bond Rout Is `Early Warning Signal' to Global Debt Market
(DBN)

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Switzerland:

Switzerland's Darwin Airline Files for Insolvency
(DBN)

Switzerland, where failure is not an option
(DBN)

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Germany:

German tycoon handed suspended sentence over bankruptcy • Children of German tycoon Schlecker jailed for fraud
(DBN)

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Mexico:

Is Mexico In Recession?
(DBN)

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Australia:

The New Prohibition On The Intermingling Of Funds In The External Administration Of Corporate Groups.
(DBN)

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MENA:

Violating Saudi bankruptcy laws could invite fines and prison time
(DBN)

A prince’s uncertain fate has Western businessmen wary about transparency in Saudi Arabia
(DBN)

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