November 30, 2017

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Finally, A Firm That’s ‘Beating’ The Cravath Scale! • Fat Chance This Match Wasn’t Going To Happen • The First Magic Circle Firm Pulls Money Out Of Its Hat • Clifford Chance and Allen & Overy match Cravath's US associate bonuses • Another Cravath Bonus Match And Another Complaint About Benefits • Bonuses - The Psychology and The Politics • Dechert Does A Match • Mo’ Money, Mo’ Cravath Matches! • Bonuses Come With Billable Hours Catch at Some Law Firms
(DBN)

Could It Be?!?!? NY TO $200K?!?!?
(DBN)

Jones Day Snags Five Supreme Court Clerks
(DBN)

Big Law Firms Announce Promotions for 2018
(DBN)

The Key to Law Firm Agility and Innovation
(DBN)

As Clients Demand Law Firm Cyber Audits, Who Sets the Terms?
(DBN)

Winston & Strawn's Expansion Drive Pushes the Firm Toward a Record Year
(DBN)

Is The Spate Of Discrimination Class Actions Against Biglaw The Real Reason Behind The ABA’s Initiative On Women At Biglaw?
(DBN)

Diversity Makes for Good Business, Reed Smith’s Tamara Box Says
(DBN)

Knowing Value: The Rise of the Law Firm Chief Knowledge Officer
(DBN)

The End of Leverage?
(DBN)

ABA voices opposition to elimination of school loan interest deduction in Tax Cuts and Jobs Act • House GOP To Cap Amount Of Student Loans For Law School, Eliminate Public Service Loan Forgiveness
(DBN)

The Ten Highest Paid GCs In America
(DBN)

What makes a good law firm website?
(DBN)

Survey: Lawyers still think blogging makes an impact
(DBN)

Can lawyers text potential clients?
(DBN)

How to start a sentence: Consider all your alternatives, and sprinkle in some conjunctions, too
(DBN)

6 Ways To Avoid Being Broke Even If You Make Good Money
(DBN)

Everyone makes the same mistake with managing their time
(DBN)

"I will burn the place to the ground and start over with one lawyer." A look at the expletive-laden filing that lays out bitter battle at popular New York personal injury firm Cellino & Barnes
(DBN)

The Future of Law Schools: Law Schools Shaking Up Curriculum to Focus on Technology
(DBN)

Depression Is Not A Choice
(DBN)

The Top 25 Law School Moot Court Programs
(DBN)

One More Time: Law Firm Libraries Are Not About the Space
(DBN)

Florida Coastal Law School: 'We Are Not For Sale'
(DBN)

Honigman Finds Growth in Unlikely Place
(DBN)

Flipping Flynn: The Real and Imagined Damage For A Mueller Deal • Mueller's team postpones Flynn grand jury testimony • Donald Trump Jr. to meet with House Intel Committee next week: Report • A #TrumpRussia Confession in Plain Sight • Senate Investigators Turn to Trump Foreign Policy Team • Jared Kushner and Robert Mueller have been talking about Michael Flynn • A radio host believed to be Roger Stone's link to WikiLeaks has been subpoenaed by the House Intelligence Committee
(DBN)

Megyn Kelly delivers an impassioned monologue about Matt Lauer's firing for alleged misconduct • Why Matt Lauer’s Firing Feels Different • Biggest Matt Lauer Bombshells From Variety’s Report • Matt Lauer's Accuser Has a Veteran Washington Civil Rights Lawyer on Her Side • Trump calls for investigation in top TV journalists and executives following Matt Lauer's firing • Here's the full memo NBC sent staff about firing Matt Lauer • The Ghost of Matt Lauer • Garrison Keillor fired by Minnesota Public Radio for alleged improper behavior • Michelle Obama on harassment allegations: 'I can't tell you how sick it makes me' • These workers are ready to end America’s harassment epidemic • Ft. Worth Mayor: I've Been Harassed • US congressman Conyers not planning to resign: Report • Congress, Staff to Take Harassment Training • Congress’s New Harassment Training Probably Won’t Help • Growing Pressure on Conyers to Resign • Megyn Kelly said Roger Ailes 'tried to grab me 3 times and make out with me,' and shared her advice to women facing sexual harassment • CW producer fired after 19 staffers report misconduct • Four accuse celebrity chef Johnny Iuzzini • Misconduct allegations may roil the 2018 US congressional elections • Thank God There Is No Abuse On Wall Street
(DBN)

Campus assault investigations have become polarized and political
(DBN)

Court officer beats and chokes man unconscious for paying parking ticket with pennies
(DBN)

Prosecutor Resigns After Filing Assault Charge Over Hallway Bump
(DBN)

Former Akin Partner to Plead Guilty in Scheme to Sell Sealed Whistleblower Lawsuits
(DBN)

Former Estate Planning Partner at Manhattan Law Firm, Under Indictment, Is Disbarred
(DBN)

Arby's Worker Chases Robber Into River With Car; Points Gun Until Cops Arrive
(DBN)

Prosecutors drop charges against mom who placed recorder in daughter’s backpack to catch bullies
(DBN)

"Liking" Racist Posts Merits Students' Suspension, Federal Judge Rules
(DBN)

Castile's Girlfriend Gets $800,000 Settlement
(DBN)

The ex-cop who killed Walter Scott is using his 'Swiss cheese memory' as a defense — and citing Jeff Sessions' own memory lapses as an example
(DBN)

Public defender resigns after suit challenged his qualifications
(DBN)

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Judges:

John Kennedy Draws The Line At Ghost Hunting
(DBN)

Federal Judge: Steven Calabresi Should Stop Pulling Imaginary Stuff From His Butt
(DBN)

Democrats object to Grassley's move on judicial nominee blue slips
(DBN)

Trump Judicial Nominee Claimed Same-Sex Marriage Decision ‘Imperils Civic Peace’
(DBN)

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Wall Street:

Futures point to a higher open on Wall Street, as OPEC, tax news takes center stage
(DBN)

Dow rises 103 points, notches record close as Street bets on strong economy • High-flying tech stocks fall back toward earth
(DBN)

These Are the Signs That Stocks Are Starting to Turn Really Bullish on Tax Reform
(DBN)

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Layoffs:

Robots will put up to 800 million people out of a job by 2030 — and the problem will be worst in rich countries
(DBN)

ESPN to lay off approximately 150 behind-the-scenes employees
(DBN)

BuzzFeed to lay off as many as 100 people after report of IPO delay and revenue shortfall
(DBN)

Broadcom will chop 300
(DBN)

Patriot National bankruptcy leaves 250 laid-off workers with no severance pay
(DBN)

70 Teacher Layoffs Looming at STL Community College
(DBN)

Detroit News offers buyouts, could lay off staff
(DBN)

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Politics:

Trump goes on re-tweetstorm of anti-Muslim videos from the far-right • Sarah Huckabee Sanders: It doesn't matter if the anti-Muslim videos Trump retweeted are real • FactCheck: Trump's Anti-Muslim Videos • British leaders condemn Trump's anti-Muslim retweets • The darkest day of Trump's presidency • Trump Has Raised an Ultra-Nationalist British Group Out of Obscurity • Trump’s Anti-Muslim Political Strategy • Husband of British parliamentarian murdered by far-right sympathizer likens Trump's retweets to promoting the KKK • UK Home Secretary calls on Trump to delete his Twitter account • Trump isn’t welcome in UK after sharing far-right videos, London mayor says • Republican senator supports British Prime Minister after Trump's attack • British Prime Minister Under Pressure to Cancel Trump's State Visit • Trump attacks Theresa May after she criticizes him for retweeting an anti-Muslim extremist • Trump Lashes Out at U.K. PM on Twitter (But Tweets Wrong May)
(DBN)

It's Not an Act • Is He Lying or Simply Losing His Mind? • Trump veered off-script in a wild tax reform speech, calling Kim Jong-un a 'sick puppy' and bragging about his election win • The White House expects Trump to get even more outrageous
(DBN)

Trump declares unprecedented war on media • Trump: Fire All of NBC for Fake News • Trump Suggests Morning Joe Murdered His Intern • Trump Claims About Morning Joe's Intern • Megyn Kelly says trying to cover Trump and politics is like 'screaming into the Pacific ocean' and 'taking a bath of carcinogens' • Megyn Kelly shares a harrowing story about her 5-year-old daughter: 'It was the lowest point' during my feud with Trump
(DBN)

Trump resurrects Moore and embarrasses McConnell again • Roy Moore edges ahead of Doug Jones in latest polls • Why Roy Moore Could Still Win the Alabama Senate Race • Man Yells at Moore: Are All the Girls All Lying?
(DBN)

Newly appointed Idaho lawmaker filed for bankruptcy
(DBN)

______________

Autos:

Tesla Moves Too Fast, Produces Glitchy Cars, Workers Say • Tesla Credo: Build Fast and Fix It Later • Tesla fires back at claims that its cars suffer from major quality issues
(DBN)

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Bicycle:

Bike maker Niner files bankruptcy ; plans sale to Denver PE firm
(DBN)

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Currency:

Trustee says MtGox’s bankruptcy proceedings to continue as usual despite civil rehabilitation petition
(DBN)

Bitcoin’s surge little comfort for burned Mt. Gox clients in international legal limbo
(DBN)

Bitcoin's price is collapsing and people can't trade because 2 big exchanges have crashed • Bitcoin plunges 18% after topping $11,000 in extremely volatile trading
(DBN)

This Is What Could Pop the Bitcoin Bubble • The Bitcoin Boom Will End in Tears
(DBN)

The bitcoin exchange Coinbase has been ordered to hand the IRS info on 14,355 of its highest-rolling customers
(DBN)

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Economy:

Second estimate of US Q3 GDP up 3.3%, vs 3.2% expected • US GDP surges to best level since 2014 • Trump says GDP would have topped 4% if not for hurricanes
(DBN)

Fed’s Kashkari suggests he may dissent again in December
(DBN)

Fed Survey: Consumers’ Optimism about Access to Credit is on the Rise
(DBN)

Yellen Says US Expansion Widening as Financial Risks Muted • Fed districts see US outlook improving, price pressures picking up • Yellen: $20 Trillion Debt Should Bother Us
(DBN)

The Fed's monetary policy is completely absurd
(DBN)

More Americans Are Worried About Their Finances
(DBN)

There’s a huge difference between Janet Yellen and Trump’s pick to succeed her — and it helps explain how he landed the job
(DBN)

Trump's Pick to Run the Fed Says No U.S. Banks Are Still Too Big to Fail
(DBN)

Final Countdown: Senate clears hurdle and kicks off debate on the massive GOP tax plan • Republican Tax Overhaul Heads to the Senate Floor for Debate • It started as a tax cut. Now it could change American life • The Senate Tax Bill Has Something for Every Republican to Hate • Florida's Republican tries to blow up the Senate tax reform • "It's The Economy, Stupid" -- Time To Get Tax Reform Done • 137 economists sign open letter to Congress supporting GOP tax reform bill • Economists respond to Summers, Furman over Mnuchin letter • 38 percent of Americans won’t get a sizable tax cut under the Senate GOP plan • Senate Tax Trigger Would Allow for $350 Billion Increase, Sources Say • Tax Reform: In the Long Run the Middle Class Will Be Taxed More • What the Tax Bill Would Look Like for 25,000 Middle-Class Families • Fiscal Conservatives Should Support Tax Reform • Trump opens GOP eyes on tax reform • Tax reform 2017: here's when the proposed Republican plan would take effect if it passes • There's too much tax increasing in Republican tax cut plan • Retail and manufacturing united in support of tax reform • Deeply unpopular Congress aims to pass deeply unpopular bill for deeply unpopular president to sign • The GOP Tax Cuts Are Even More Unpopular Than Past Tax Hikes • Senate Republicans round up more votes for tax plan • Small Businesses Cast Jaundiced Eye At Tax Reform Proposals • What the Senate GOP tax bill does and doesn't do • Senate tax bill will reportedly raise pass-through deduction to 20% • Senate tax bill heads for procedural vote after pass throughs get bigger deduction • A Tax Scam Bill in Record Time • Trump the populist? Not when it comes to his tax plan • How Tax Bills Would Reward Companies That Moved Money Offshore • What Republicans say when asked why their tax bill benefits the rich most of all • Expert: GOP Tax Bill is Malpractice • Top tax economist says the GOP bill is 'crazy' and 'stupid' • There Is No Economic Theory That Justifies the GOP Tax Plan • Five ways the GOP tax plans help wealthy whites and hurt minorities • Trump adviser: 'This is not a true tax reform bill' • Some GOP senators aren't happy about the tool being used to win Corker's tax vote • 'Trigger' That Advanced GOP Tax Bill Poses Risks for Senate Vote • Republicans are talking about adding a 'trigger' to the tax bill — and it could end up being a disaster for the economy • Corker's 'trigger' plan risks chopping tax cut in half — analyst • 3 Big Problems with the GOP’s Tax ‘Trigger’ • Will Tax Reform Boost Economic Growth? • Strategist Jim Paulsen: GOP tax bill will be 'watered down' and may not have 20% corporate rate • Rubio, Lee push plan to raise corporate tax rate, give benefits to poor • Marco Rubio wants to make a huge change to the GOP tax bill — and Trump won't like it • US Tax Bill: $520 Bn to Wealthy Foreigners • New Evidence the GOP Tax Bills Tilt Toward the Wealthy • The House tax plan is losing support among GOP voters
(DBN)

Pass tax reform so we can tackle entitlements cliff
(DBN)

GOP group assembles debt ceiling wish list — for 2018
(DBN)

Goldman: Pain is coming for investors with markets the most expensive since 1900
(DBN)

21 occupations of the future
(DBN)

Mexico: US NAFTA Auto Proposals Not Viable
(DBN)

Morgan Stanley Says 2018 Will Be the End of the Credit Rally
(DBN)

2016 Saw Highest Proportion of Abandoned Acquisitions since Start of The Financial Crisis
(DBN)

One major financial worry that baby boomers aren’t prepared for
(DBN)

One-person businesses as likely to lose money as be profitable, study finds
(DBN)

FactCheck: Banks Are All in Ruins?
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Freddie Mac: Mortgage Serious Delinquency rate unchanged in October
(DBN)

NAR: Pending Home Sales Index increase in October, Down 0.6% Year-over-year • Pending home sales rebound 3.5% in October as hurricane-torn South recovers
(DBN)

House Price Indexes, Adjusted for Inflation, Since 1976
(DBN)

Mortgage Industry Panics Over Obscure Provision in Senate Tax Bill
(DBN)

Here’s exactly how much your annual salary needs to be to afford a home, by metro area
(DBN)

Software billionaire was ready to buy Sinatra’s bankrupt old Tahoe casino. Now he might back out
(DBN)

Schlitterbahn North Padre Island development in dire straits
(DBN)

Jury selection starts in Kent Lindemuth criminal case in federal court
(DBN)

____________

Municipalities:

As Puerto Rico recovers, oversight of taxpayer-backed aid and assistance is needed
(DBN)

A controversial ‘oversight board’ could take over Puerto Rico’s hurricane rebuilding effort
(DBN)

How the Puerto Rico dispute threatens bond holder rights
(DBN)

Ambac resorts to court for sales tax info it says Puerto Rico isn’t providing
(DBN)

Poll: Illinois Third Worst State for Business
(DBN)

Developer has Long Island town on cusp of bankruptcy as lawsuit nears end
(DBN)

______________

Oil/Gas:

Sullivan & Cromwell Takes Lead on Offshore Oil Driller's Bankruptcy
(DBN)

Bankrupt Breitburn gets U.S. court approval to pursue reorganization
(DBN)

Shell pledges to cut carbon footprint in half by 2050
(DBN)

OPEC & Russia set to continue oil supply cuts through next year • OPEC meeting becomes 'Russian psycho-drama' but deal still expected • Moscow drags its feet on oil cuts commitment • Saudi energy minister expects everyone to stick with OPEC deal, doesn't foresee an exit soon
(DBN)

Oil Majors Are Leading The Recovery Race
(DBN)

Nearly a Fifth of New Cars Will Be Electric by 2025
(DBN)

______________

Retailing:

Sears' same-store sales tumble 15 percent, as net loss narrows
(DBN)

U.S. Retail Companies Have A Massive Bill To Pay Come 2018
(DBN)

Amazon smashed all records on Cyber Monday for its best day in history
(DBN)

What We Learned From Retailers' Five-Day Scramble for Shoppers
(DBN)

Mall stocks rally on holiday sales optimism, ahead of 'dreaded December lull'
(DBN)

______________

Taxis:

How totally screwed is Uber right now? • Uber claims ex-employee behind incriminating letter was ‘extortionist’ • Uber In-House Lawyer Gets Grilling From Judge Over Inflammatory Letter • Uber Lawyer: Board, CEO Knew About Evidence • Uber's Well-Paid ‘Whistle Blower’ Slammed by In-House Lawyer
(DBN)

______________

Fraud:

'I cheated customers and I did it well,' former Pilot Flying J sales exec tells court in $92M fraud suit
(DBN)

______________

Education:

Graduate students protest the House GOP tax bill across the U.S.
(DBN)

Republican Education Bill Would Boost Profits for Private Student Lenders and Raise Financing Costs for Students
(DBN)

Are Public Universities Going Bankrupt ?
(DBN)

______________

Radio:

Radio Giant Cumulus Files for Bankruptcy • Cumulus Media files for bankruptcy protection • Atlanta-based Cumulus Media files Chapter 11 bankruptcy protection • Cumulus Enters Restructuring Support Agreement to Reduce Debt by Over $1 Billion • What Does Bankruptcy Filing Mean For Cumulus Employees?
(DBN)

______________

Coal:

Wind power blows past coal in Texas
(DBN)

______________

Banking:

FDIC's Attack On PwC Puts Federal Judge Behind Schedule
(DBN)

______________

Finance:

This Is the Low-Profile, High-Stakes World of Venture Lending
(DBN)

______________

Debt Collection:

Nice Try – Court Rebuffs Debt Collector's Attempt to Purchase Lawsuit Against Itself
(DBN)

______________

Celebs:

Terrell Owens’ Net Worth: The Downward Spiral from Prosperity to Bankruptcy
(DBN)

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New Bankruptcy Opinions
(7 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (60 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (13 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)

BK ND TX: Bench-Bar Conference - 6/8/18
(DBN)

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Bankruptcy Statistics:

Stereotypes about race and responsibility persist in bankruptcy system
(DBN)

Index of Health Care Bankruptcy Filings Surging in 2017
(DBN)

Ch. 11 Cases By Filing District November 2017
(DBN)

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Litigation:

New Amendment to Federal Rule of Evidence 902: Evidence That Is Self-Authenticating
(DBN)

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Bankruptcy Bonuses:

Toys R Us bankruptcy trustee blasts executive bonus pay plan
(DBN)

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Structured Dismissal:

Congress Does Not Hide Elephants in Mouseholes?
(DBN)

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Environmental:

Tenth Circuit Finds CERCLA Contribution Claim Not Barred By Bankruptcy Approval Of A Settlement Estimating Liability For The Site
(DBN)

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Bankruptcy Rules:

Changes to Bankruptcy Rules Effective December 1
(DBN)

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Miscellaneous:

Recent Developments in Bankruptcy Law: Fall 2017
(DBN)

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Ch. 13:

Creditors Beware: New, Simplified Ch. 13 Comes At A Price
(DBN)

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UST:

Attorney General Jeff Sessions Appoints U.S. Trustee and Acting U.S. Trustees to Cover Six U.S. Trustee Program Regions
(DBN)

______________

Food/Beverage:

Short Sellers Are Lining Up at Shake Shack
(DBN)

______________

Travel:

Thousands of American Airlines flights next month don't have scheduled pilots, says union • American Air Accidentally Gave Too Many Pilots Christmas Off • American Airlines is facing a 'crisis' after thousands of flights are left without a pilot Christmas week
(DBN)

Avoid long airport lines—without expensive memberships
(DBN)

______________

Healthcare:

Healthcare restructurings: four key issues to consider before a chapter 11 filing
(DBN)

Morehead Hospital adds data breach issues to bankruptcy process
(DBN)

Senate's Obamacare two-step won't prevent 13 million more people from losing insurance, CBO says • Pelosi FactCheck: The GOP tax plan "Sabotages the health care of 13 Million Americans."
(DBN)

Obamacare slowdown: Pace of HealthCare.gov sign-ups dropped Thanksgiving week
(DBN)

More than half of children obese by age 35
(DBN)

CBO: Health Care Bill Fixes Little
(DBN)

Tax Bill's Impact on Federal Health Care
(DBN)

______________

Media:

Hulk Hogan Should Be All for Suing Peter Thiel, Says Gawker Administrator
(DBN)

Peter Thiel shouldn’t be allowed to bid on Gawker assets, its lawyers argue
(DBN)

______________

Movie Theaters:

Regal's Exit Is the Writing on the Movie-Theater Wall
(DBN)

______________

Telecoms:

Wall Street Believes Windstream, Frontier Will Go Bankrupt
(DBN)

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Student Debt:

Who is More Likely to Default on Student Loans?
(DBN)

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UK:

How to ‘Insure’ Victory – Bringing Claims Against Insurers with Insolvency Exclusions
(DBN)

Meghan Markle could face a big tax bill if she renounces U.S. citizenship
(DBN)

PwC announced as Palmer and Harvey administrators
(DBN)

Brexit Divorce Costs Rising as UK Retreats • Conservative Brexiteers threaten to vote down May's £50 billion divorce bill
(DBN)

Banks Will Be Fine With A Hard Brexit
(DBN)

UK economic growth to slow due to Brexit, OECD says
(DBN)

Budget carrier Wizz scoops Monarch's Luton airport slots
(DBN)

______________

EU:

ECB Wants of Global Economic Correction
(DBN)

______________

PIIGS:

Alitalia New Uniform Shows How Italy Does Bankruptcy : With Style
(DBN)

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Canada:

Canada tests 'basic income' effect on poverty amid lost jobs
(DBN)

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India:

Bad-debt pioneer has a warning for bargain hunters in India
(DBN)

IBC bars guarantors bidding for firms under insolvency
(DBN)

Defaulting promoters attempt to stall bankruptcy proceedings on technical ground
(DBN)

Bankruptcy bill will be used to protect the bigwigs who ran away with company funds
(DBN)

IFCI Files Insolvency Proceedings Against Reliance Naval
(DBN)

How RCom Tried To Block An Insolvency Plea By Its Chinese Lenders • Bondholders on par with lenders: RCom • RCom says majority of creditor banks to oppose CDB insolvency petition
(DBN)

India set to have a star cast of bankrupt billionaires
(DBN)

Bad-debt pioneer Arcil has sobering advice for India's toxic asset buyers
(DBN)

______________

MENA:

Politician Threatens To Unmask Influential Borrowers Of Defunct Bank
(DBN)

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Brazil:

Brazil bankruptcy judge puts back Oi creditor meeting to Dec 19
(DBN)

Brazil bankruptcy judge weakens Oi board, bolsters management
(DBN)

Chinese rivals in bids to rescue Brazil’s bankrupt Oi
(DBN)

______________

Mexico:

Mexican farmers face bankruptcy in earthquake aftermath
(DBN)

______________

Australia:

Australia's Oroton files for bankruptcy
(DBN)

______________

Mozambique:

Negotiations with creditors stop payment of the debt, Mozambican PM says
(DBN)

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