November 8, 2017

The Daily Bankruptcy News

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3-Column Formating

 

Law:

3 female ex-partners in gender bias suit say they should be able to search Chadbourne leaders' personal email
(DBN)

Overpriced, Overgrown, And Overlapped: Biglaw’s Fragile Fundamentals And How They’ll Play Out When Recession Hits
(DBN)

Law School Launches Program to Retrain Legal Industry
(DBN)

Alternative fee arrangements don't mean you can stop tracking hours
(DBN)

A new survey shows just how much lawyers are making across the country
(DBN)

Here Comes Courtroom Fun Barbie!
(DBN)

2017 ABA Tech Survey shows all-time high iPhone use by attorneys
(DBN)

Lawmakers ask Dept. of Ed to extend student loan discharge for Charlotte School of Law students • Lawmakers Demand For-Profit Apologist Betsy DeVos Forgive Charlotte Law Loans
(DBN)

Which Texas Law School Has The Best Bar Exam Results?
(DBN)

Michigan State institute tracks law school innovation
(DBN)

Boies Responds to Criticism Over Role in Weinstein's 'Army of Spies' • The New York Times fires David Boies due to work with Harvey Weinstein • Boies Schiller hired agency to quash Weinstein story while representing the New York Times • NYT fires Boies Schiller over "reprehensible" Weinstein spy operation • David Boies Takes Responsibility For Enabling Harvey Weinstein • David Boies in Hot Seat After Weinstein Expose • Super Lawyer Boies Is Entangled in Intrigue Over Weinstein • Weinstein's Former Lawyer David Boies Goes into Full Defense Mode Amid Spy Debacle • New York Times fires Boies Schiller over Weinstein role: 'We should have been treated better' • David Boies May Have Violated Attorney-Client Privilege to Dish on Harvey Weinstein
(DBN)

Chemerinsky joins brief arguing Trump’s blocking of Twitter critics violates First Amendment
(DBN)

Trump says gun-control laws would have led to 'hundreds more dead' in Texas shooting • The Texas shooter was never supposed to have been allowed to buy a gun • Cornyn to Introduce Bill to Toughen Gun Laws • Texas shooter yelled, 'Everybody die, m----------!' • Checked Each Aisle, Shot Crying Babies Point-Blank • FBI Unable to Access Locked Phone • The Shop Owner Who Sold Kelley His Gun • Fear and faith: Church security scrutinized after Texas massacre • Parishioners Ponder Packing Pistols Following Texas Massacre • Texas Town Awaits Official Word of Dead, Injured in Shooting • Texas Church Shooting Survivors Recall Hiding Under Pew as Gunman Fired • Texas Gunman Devin Kelley Escaped from Mental Health Facility in 2012 • Senators Call for Probe After Military Error Let Texas Gunman Buy Weapons • GOP senator wants new crime records rules after Texas shooting • Trump Says Chicago Is Proof Gun Laws Don’t Work. Researchers Disagree. • TX: Gunman Was on a Mission Over Feud • Trump Pentagon nominee: It is ‘insane’ that civilians can buy semiautomatic assault rifles • Why Did Trump Gut Gun Check Rule? • Who Is Devin Kelley, the Texas Church Shooter?
(DBN)

Jeff Sessions will testify about Russia on Nov. 14 • Top Trump campaign officials knew of Carter Page Russia trip • Republicans are about to make a public display calling for Robert Mueller to resign • Trump Advisor Refuses To Help Congress Prove He’s Been Lying • Russian Lawyer Tied to Trump Jr. Can Phone in to U.S. Court Case • Don't Kid Yourself: These Two are in a World of Hurt • Trump aide Keith Schiller testified on Russia probe • Kiev Is Buzzing About the Manafort Indictment
(DBN)

House members join bipartisan fight for criminal justice reform
(DBN)

Manhattan DA to seek Weinstein indictment next week • A top Democratic lawyer represented the NYT while simultaneously trying to crush their Harvey Weinstein story
(DBN)

Caught on camera: Woman steals wad of cash from Uber driver’s tip jar
(DBN)

Justice Department abandons charges on Sessions protester • DOJ Ends Prosecution of Woman Who Laughed
(DBN)

Juror in Menendez corruption trial wants to know what a senator is • Menendez Case Goes To Jury . . . Jurors Sends Out Question “What Is A Senator?”
(DBN)

Secret Service: Man traveled to DC to kill 'all white police' at White House
(DBN)

ACLU sues Nevada, alleging constitutionally inadequate indigent defense system
(DBN)

Indiana prosecutor suspended 4 years for eavesdropping on attorney-client conversations
(DBN)

Senator seeks explanation for career US prosecutor's abrupt resignation
(DBN)

Cops bust man with python in pants
(DBN)

Cops: Passengers Witnessed Duo's In-Flight Hookup
(DBN)

ACLU advises Taylor Swift’s BigLaw lawyer to ‘shake it off’
(DBN)

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Judges:

Just hours after JPMorgan retaliation verdict, judge blasts "prejudiced" jury
(DBN)

Justice Breyer Responds To Trump Criticism
(DBN)

Texas Judge Suspended in Wake of Charges in Alleged Road Rage Incident
(DBN)

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Wall Street:

Dow set to cool its heels after another record close • US futures point to a weak open
(DBN)

Stocks fall from records as financial shares slump • Stocks Close Lower • Dow ekes out record closing high
(DBN)

Dow’s 1-year gain since Trump’s win is its biggest post-Election Day rise since 1945
(DBN)

One year later, here's how the Trump stock market rally compares with those of past presidents
(DBN)

Trump victory has given mutual funds and ETFs a $2.9 trillion lift
(DBN)

Credit Suisse: Global stock run has another 6% to go
(DBN)

Behind Goldman Sachs's Trading Slump • Bove cuts Goldman to sell, repeats call for Blankfein ouster
(DBN)

Wall Street banks stand to make a fortune from a tech deal spree
(DBN)

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Layoffs:

Fort Wayne bakery with nearly 100 workers being shut down
(DBN)

Deutsche Bank CEO Cryan hints technology could destroy thousands of jobs at the bank
(DBN)

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Politics:

Someone Photoshopped Donald Trump with 'normal hair' • Former body man Keith Schiller, who used to satisfy the president's fast-food cravings, will head to the Hill to answer questions about Trump's visit to the Miss Universe pageant
(DBN)

Inside Donald Trump's Election Night War Room
(DBN)

Your $20 Million Loan Went Bust? The Trump Team Has a Job For You
(DBN)

Gary Cohn says the 'Paradise Papers' don't worry him at all
(DBN)

CNN Poll: Trump approval at new low as Russia concerns grow • Trump Is Stumbling Into a Primary Fight in 2020 • In a depressed former steel town, the president’s promises don’t matter as much as they once did • Trump Year One: 50 Notable Things
(DBN)

Another House Republican announces retirement • Ted Poe Said He Won't Run Again
(DBN)

NY Rep. Collins says donors told him to get tax reform done 'or don't ever call' again
(DBN)

Forbes says Commerce Secretary Wilbur Ross lied about being a billionaire • US Commerce chief Wilbur Ross divesting shipping interests, official says
(DBN)

What Russians Really Think of Trump
(DBN)

Schiff: "Threat from within" White House puts U.S. democracy at risk
(DBN)

Poll: Views of Democratic Party hit lowest mark in 25 years
(DBN)

'This is a tidal wave': Democrats blow Republicans out of the water in the key bellwether state of Election Day 2017 • Conservative media slams failed Virginia Republican governor candidate for failing to embrace Trump • Trump: Failed GOP Virginia governor candidate 'did not embrace me or what I stand for' • Virginia elects Democrat governor, in rejection of Trumpism • Transgender Virginia candidate wins historic election against opponent who refused to debate her and referred to her with male pronouns • Dems win from coast to coast • New Jersey winner: Victory sends a message to Trump • Democrats win big in elections widely viewed as referendums on Trump • Democrats seize Virginia and New Jersey governorships in elections seen as precursors of 2018 fights • Medicaid's big night
(DBN)

Bannon Media Empire Funded w/ Offshore Cash
(DBN)

It’s not just Rand Paul’s street: Americans are a lot less neighborly than they used to be
(DBN)

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Subscription Services:

A new low. Blue Apron falls another 16% as NJ fulfillment center eats away at profits
(DBN)

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Entertainment:

Weinstein Co Hires Consultants Ahead of Potential Bankruptcy • On the edge of bankruptcy? • Weinstein Company Renews Sale Effort as Colony Capital Drops Out, Bankruptcy Looms
(DBN)

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Newspapers:

Creditors still unpaid, court continues to probe Rogoff finances
(DBN)

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Economy:

Consumer Credit in U.S. Rises by Most Since November 2016
(DBN)

BLS: Job Openings Unchanged in September
(DBN)

Billionaire Ray Dalio: For the 'bottom 60 percent' of the country, it’s a ‘miserable economy'
(DBN)

Views of U.S. Job Situation Improve, But Many Still Say They’re Falling Behind
(DBN)

UBS: 'Inflation is not dead, just sleeping' • UBS Global Growth Surge May be Over
(DBN)

52 and making $28,000 a year: The ‘roaring’ economy is still failing part-time workers
(DBN)

GOP tax cuts will not pay for themselves, add 'significantly' to US debt: Fitch report • Trump to Democrats: the tax plan is bad for me • GOP Tax Plan Adds a Little More Growth, a Lot More Debt: Fitch Ratings • Tax-cut proponents ignore that there’s no free lunch • Biggest Looming Fight Over the GOP Tax Plan • Big business is a big winner of GOP small business tax plan • Majority Would Benefit From Tax Bill, but Effects Peter Out, Study Says • The House Tax Cut: Who Gets What • GOP on Defense Over Tax Bill Forecast • Tax Rates Of S&P 100 • Some at Every Income Level to Pay More Tax • House Republicans seek U.S. tax vote next week; Fitch warns on deficit • Conservatives demand changes to House GOP tax bill • Partisan Tensions Flare as GOP Revises Tax Bill • Senate GOP prepares to release tax plan • Mitch McConnell misspoke about Senate tax proposal's release date • Senate GOP tax bill could delay corporate tax cut and make other major changes that break sharply with House plan • Senate GOP Tax Bill Likely to Be Vastly Different Than House Plan • Will the GOP Tax Plan Stall in the Senate? • One in five would see tax hike in a decade under Republican bill, congressional analysis finds • A new government report shows most Americans would get a tax cut under the GOP tax plan — but many would pay more • Here are the winners and losers of the tax plan, by income bracket • Tax Overhaul Faces Major Hurdles • Things are already getting testy in the tax-reform fight • GOP’s Estate-Tax Repeal Details Would Save Super-Rich Tens of Billions Extra • An influential conservative group slammed a key piece of the GOP tax plan as 'class warfare' • Republican tax bill includes big break for startup employees • The five or six dumbest things about the tax bill • A Tax Cut for Business and Not for People • Stock Market Jitters Suggest Fading Optimism on Tax Cuts • How the Republicans' Tax Plan Threatens Higher Ed • Ted Cruz Is Pushing to Include Obamacare Mandate Repeal in Tax Bill • Eliminating state and local tax deductions will create a more level playing field: GOP senator • Cutting corporate taxes is the best part of the Republican plan
(DBN)

Fed Governor Quarles: 'We ought to be taking a fresh look at everything'
(DBN)

Gallup: U.S. Economic Confidence Unchanged in October, at +3
(DBN)

The Irony of Trump's Economic Experiment
(DBN)

Big mergers are back as Wall Street reboots its deal-making engine under Trump
(DBN)

Tesla is pushing forward with robot manufacturing
(DBN)

Inside the lives of America's anxious 1% — who hide housekeepers and nannies and don't think they're actually rich
(DBN)

U.S. is now the only country opposed to Paris climate accord
(DBN)

In America, war between old and new industries challenges culture
(DBN)

Companies are more worried about Amazon than Trump
(DBN)

Nearly 2 million veterans would benefit from raising the federal minimum wage
(DBN)

China is buttering up Trump in the hope he'll 'back off' on his criticism of Beijing • The US wants trade wins against China, but that's not Trump's 'key priority'
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

CoreLogic: House Prices up 7.0% Year-over-year in September
(DBN)

First Look: 2018 Housing Forecasts
(DBN)

More housing markets are overvalued, and consumers feel the pain • Nearly half of nation’s largest 50 metros reach overvalue point
(DBN)

Millennial Home Buyers Send a Chill Through Rental Markets
(DBN)

These photos of abandoned malls and golf courses reveal a new era for the American suburb
(DBN)

There are so few homes for sale that people are placing a dozen bids before one pans out — Zillow's CEO reveals the 4 best tricks winners use
(DBN)

The most expensive New York City neighborhoods right now
(DBN)

Where People Spend the Most (and Least) on Rent in America
(DBN)

Billionaire Bill Ackman: why malls are here to stay • Mall owner shares soar amid buyout speculation
(DBN)

NY: Judges dismisses Toledano bankruptcy suit over building sale to Delshah
(DBN)

____________

Municipalities:

Puerto Rico Needs as Much as $21 Billion in Aid, Oversight Official Says • Congress Hears Puerto Rico Needs Aid on an ‘Unprecedented Scale’
(DBN)

Puerto Rico power grid hearing to begin without star witness • Lawmakers 'chagrined' after Puerto Rico utility chief bails on hearing
(DBN)

GOP chairman has ‘more questions’ about Puerto Rico’s Whitefish Energy contract
(DBN)

Puerto Rico board asks Congress for backing in fight with governor
(DBN)

House Hearing On PR Recovery: Testimony of Natalie Jaresko • Testimony of Noel Zamot • Statement Of Mayor Angel Perez
(DBN)

We need to reevaluate Puerto Rico's territory status as we rebuild
(DBN)

Seven weeks after Hurricane Maria, Puerto Ricans still can’t access programs that fed millions in Texas and Florida
(DBN)

In Post-Hurricane Puerto Rico, This Used Game Store Is A Welcome Escape
(DBN)

Puerto Rico's oversight board considering privatization of 'failing' power utility
(DBN)

Hurricane Maria Blows Gulf Between University Of Puerto Rico And Its Students
(DBN)

______________

Oil/Gas:

Exco Resources says Chapter 11 bankruptcy an option •
(DBN)

Morgan Stanley raises its oil price forecast, warns US shale may struggle to meet demand
(DBN)

How OPEC sees the world • OPEC: Shale Will Dominate, but Then Turn • OPEC Thinks This Whole 'Shale' Thing Might Be a Thing • OPEC: U.S. Shale To Rise Much Faster Than Expected
(DBN)

Morgan Stanley Raises Oil Price Forecast
(DBN)

Oil Rally Halts As Saudi Purge Continues
(DBN)

Venoco bankruptcy may open up Carpinteria land sites
(DBN)

U.S. oil service firms face hit from Venezuela debt restructuring
(DBN)

______________

 

Healthcare:

Judge is ‘appalled’ and ‘embarrassed’ by government’s whistleblower case against ManorCare
(DBN)

Maine becomes first state to expand Medicaid by referendum
(DBN)

Medicaid expansion saved 50,000 people from bankruptcy in 2 years
(DBN)

CMS will support Medicaid work requirements, Verma says
(DBN)

Record level of sign-ups for Obamacare plans reported despite Trump administration opposition
(DBN)

______________

Buses:

Bankruptcy case involving ex Charlotte mayor, general ends. Here’s the deal they made.
(DBN)

______________

Student Debt:

Wall Street Is Fighting a CFPB Deal Over Billions in Defaulted Student Loans
(DBN)

______________

Coal:

Coal’s Trump Bump Is Over
(DBN)

______________

Alternative Energy:

GOP Senators Say Wind Tax Credit Is Safe in Their Tax Overhaul
(DBN)

______________

Social Media:

Snap plunges after huge revenue miss
(DBN)

______________

Autos:

Carmakers are fighting for a $7,500 electric-car credit that the GOP tax bill will kill
(DBN)

Tesla’s Dangerous Sprint Into the Future
(DBN)

______________

New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (22 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (8 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)

______________

Bankruptcy Statistics:

October bankruptcy filings move higher
(DBN)

BK MN: Updated Filing Statistics
(DBN)

______________

Safe Harbors:

Argument analysis: Justices dubious about limiting bankruptcy court’s right to recover fraudulently transferred assets
(DBN)

______________

Software:

NextChapter Unveils Its Next Chapter: A Portal For Bankruptcy Debtors
(DBN)

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Tax:

A massive trove of leaked document shows how Apple went shopping for a new tax haven • E.U. competition chief asks Apple for details on tax arrangements • Apple’s gimme shelter tax moves go on ‘endlessly,’ says legal expert • $1 Billion Apple Dream Fades for Irish Villagers Left on Hold
(DBN)

______________

Recharacterization:

Unresolved Questions Remain in Recharacterizing Insider Debt
(DBN)

______________

D&O:

Liquidation Trustee’s Suit Against D&Os Falls Within Insured vs. Insured Exclusion
(DBN)

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Mediation:

A “Compelling Reason” for Mandating Mediation: to Advocate for its Use
(DBN)

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Reclamation:

The Cookie Crumbles in Baker’s Bid for a § 503(b)(9) Administrative Claim
(DBN)

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Bankruptcy Rules:

Ten Tips from Judge Neil Bason on Rule Changes Effective December 1, 2017
(DBN)

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Taxis:

Waymo to announce driverless taxi service
(DBN)

______________

Debt Collection:

Jet-Set Debt Collectors Join High-Stakes Game: Hunting Superrich
(DBN)

______________

Food/Beverage:

Too Much Caffeine? Coffee Shops Face a Shakeout
(DBN)

______________

Personal Finance:

What to buy and what to avoid on Black Friday
(DBN)

______________

Electricity:

Exelon Corp. declares bankruptcy for Texas merchant generation unit • Lenders Would Take Over Four Plants
(DBN)

GenOn Wins Bankruptcy Battle with Power Plant Owners
(DBN)

______________

Retailing:

America’s ‘Retail Apocalypse’ Is Really Just Beginning
(DBN)

Styles for Less files for Chapter 11 protection • Teen fashion retailer Styles For Less files for bankruptcy
(DBN)

DIP Loan Volume Continues to Climb in 2017 Amid Retail Industry Distress
(DBN)

Signa sends Hudson's Bay details of financing for Kaufhof bid
(DBN)

Target to close a dozen underperforming stores
(DBN)

4 things retailers don’t want you to know about Black Friday
(DBN)

______________

Travel:

American Airlines's CEO Admits That He Wants To Squeeze More Seats On Planes
(DBN)

______________

Fraud:

DOJ Official’s Alleged Tips to Ponzi Schemer Shown in N.Y. Trial
(DBN)

______________

Museums:

Troubled Museum Can’t Be Halted From Selling Cherished Rockwells
(DBN)

______________

Celebs:

Joe Giudice, Serving Time For Bankruptcy Fraud, Will Relocate to Prison in Pennsylvania
(DBN)

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Maritime:

Yang Ming and Seaspan both suffering, but is it stress or distress?
(DBN)

______________

UK:

UK: Worst Non-Food Sales Growth on Record
(DBN)

______________

PIIGS:

Monte dei Paschi turns a profit after state bailout
(DBN)

Greece: Gov’t now sees growth this year at just 1.6 pct
(DBN)

Italy's Shrinking Safety Net
(DBN)

______________

Canada:

Rising retail bankruptcies present ample opportunity for distressed investors
(DBN)

______________

India:

Insolvency resolution: Centre tightens due diligence norms
(DBN)

Bankruptcy board shuts backdoor entry of promoters
(DBN)

Insolvency and Bankruptcy Board of India tightens rules on rescue plan approvals
(DBN)

'Wilful defaulters' barred from taking back insolvent companies
(DBN)

'Bankruptcy Code makes exit easy for firms'
(DBN)

Bankruptcy Board to subject applicants to stricter tests
(DBN)

______________

Croatia:

Croatian businessman arrested in London over huge bankruptcy
(DBN)

______________

MENA:

Arrested Saudi tycoon faces fraud claim in English courts • Trump’s bet on Saudis looks increasingly dangerous, and the $110 billion payoff? Unlikely. • Crown Prince's power grab poses new regional risks • Saudi government may confiscate up to $800 billion in anticorruption crackdown
(DBN)

Saudi Arabia: Arrest in Massive Bank Failure
(DBN)

______________

Venezuela:

Venezuelan crisis spawns boom in gambling
(DBN)

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