October 12, 2017

The Daily Bankruptcy News

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3-Column Formating

 

Law:

What Really Goes On At Kirkland & Ellis
(DBN)

The Rise Of Atrium (Part II)
(DBN)

Chadbourne says ex-partner in gender bias suit engaging in "nationwide smear campaign"
(DBN)

First-Ever Ranking of Alternative Legal Service Provider Brands - and the Big Four Aren't On Top
(DBN)

Obit: Mike Farquhar
(DBN)

Hate Your Desktop? Too Damn Bad, Because That’s What Your Firm’s Giving You.
(DBN)

How To Live Frugally While Working In Biglaw
(DBN)

Silicon Valley Big Wig Targets the Legal Market
(DBN)

ABA Legal Ed committee suggests changes to rule on law school admissions tests
(DBN)

The challenges Asian-Americans face in the legal industry
(DBN)

Yes, It's News When Big Law Elects a Black Leader
(DBN)

Brain exam on Vegas shooter shows no signs of abnormalities • New disclosure shows a casino guard alerted hotel to gunman before Vegas massacre began. So why did it take so long to stop him? • Las Vegas gunman's girlfriend added to travel watch list • Lawsuit Over Las Vegas Shooting Tests Gun Industry’s Immunity • Lawsuits After Las Vegas Shooting May Be Uphill Battles • Maintenance worker warned hotel before Las Vegas shooter opened fire on crowd • Pressure mounts for Vegas police to explain response time
(DBN)

David Boies to Stay the Course for Longtime Client Weinstein • Harvey Weinstein Adds Criminal Lawyers to Team • Manhattan DA Vance had declined to prosecute Weinstein in 2015 • Harvey Weinstein Flying to Europe For Rehab • Weinstein Blame Game: Manhattan DA, NYPD Point Fingers Over Handling Of Assault Allegation • DA Who Didn't Prosecute Weinstein; No Case • What's next for Weinstein • Ronan Farrow Says He Was Threatened Personally With a Lawsuit by Harvey Weinstein • How NBC ‘Killed’ Ronan Farrow’s Weinstein Exposé • Were NBC Top Execs Andy Lack or Steve Burke Involved In Burying Harvey Weinstein Story? • Justice Department moves on Harvey Weinstein • All of the Women Who Have Accused Weinstein • The Audacity of Blaming 'Sex Addiction' • Steve Bannon profited from ties to Harvey Weinstein • Harvey Weinstein Audio: Sequel To Trump's 'Access Hollywood' Tape • Sheryl Sandberg on Harvey Weinstein • Harvey Weinstein Net Worth: How Much Does He Stand To Lose From His Divorce, Crumbling Empire And Lawsuits?
(DBN)

The Pink Ghetto: Biglaw Harassment Stories Emerge In The Days Following The Harvey Weinstein Scandal
(DBN)

As The Federal Government Backs Away From Sex Discrimination Enforcement, These Lawyers Step Up
(DBN)

76 Companies Urge Supreme Court to Support LGBT Workplace Protections • Anti-LGBT discrimination hurts the economy, Microsoft, Starbucks, dozens of other companies tell SCOTUS
(DBN)

Trump says he wants to help Dreamers, but needs wall "in return"
(DBN)

Voice from drone tried to lure children away from playground
(DBN)

Movie patron who can’t see or hear wins appellate ruling in bid for tactile interpreter
(DBN)

Race To Judgment: An Interview With Judge Frederic Block
(DBN)

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Judges:

Senate Majority Leader says judicial nominees can be confirmed absent blue-slip approval
(DBN)

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Wall Street:

Futures point to a weak open as investors gear up for Citigroup, JPMorgan Chase earnings
(DBN)

Asia stocks reach 10-year peak on global equity surge, dollar sags
(DBN)

Stocks notch trifecta of all-time highs as Fed minutes hint at gradual rate hikes • Stocks March to New Records Even as Divided Fed Raises Questions on Rate Outlook
(DBN)

Trump claims the stock market surge since the election is 'unprecedented' — but that's not true
(DBN)

Goldman Has a New Way for You to Bet on the Next Banking Crisis
(DBN)

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Layoffs:

Binder & Binder, Winding Down After Bankruptcy, to Lay Off 190 Employees
(DBN)

Dematic announces another round of 200 layoffs
(DBN)

Dura-Bond to lay off 180
(DBN)

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Politics:

Donald Trump is acting like a fifth-grade bully • Trump reportedly asked for a tenfold increase in US nukes before Tillerson called him a 'moron' • Trump rages at NBC • Why Trump can't revoke NBC's broadcast licenses • Trump's NBC tweet that everyone's freaking out about is an even more empty threat than usual • Should Trump Pull NBC’s Broadcasting License? • The Deep Republican Roots of Trump's Media Bashing • Paul Ryan steps in to break up the feud between Trump and Corker, telling them to 'talk it out' • “I Hate Everyone in the White House!”: Trump Seethes as Advisers Fear the President Is “Unraveling” • Trump Containment Is No Constitutional Crisis • How Sarah Huckabee Sees the World • How Republicans Got Trump Catastrophically Wrong
(DBN)

Trump praises NFL commissioner Roger Goodell's plan to end national anthem protests • The NFL anthem protests are at a tipping point, and their legacy is riding on what happens next • NFL fact-checks Trump after his tweet praising the league for 'demanding that all players' stand for the national anthem • Freshman Quarterback Dismissed From Team After Kneeling During Anthem • Gerald McCoy: 'It's going to be an uproar' if players forced to stand • Mike Ditka walks back ‘oppression’ comment: ‘I intended the right thing — It just came out wrong’ • NFL: We Won't Make the Players Stand • The N.F.L. Is Now One of the Most Divisive Brands in the U.S.
(DBN)

The Pittsburgh Penguins were eerily quiet about their visit to Trump's White House • President Trump puts Penguins in no-win situation in White House visit • The “patriot” hockey players Trump welcomed to the White House are mostly foreigners • Trump riffs on NAFTA, politicians, and 'unattractive' championship teams while welcoming Penguins to White House
(DBN)

House panel plans to release Russian ads that ran on Facebook, committee leaders say • Facebook COO Sheryl Sandberg will testify to House Intelligence in Russia ads flap • House Intel looking at Cambridge Analytica in Russia probe
(DBN)

Congressional Pharmacist" "They’re making the highest laws of the land and they might not even remember what happened yesterday" • I Filled Alzheimer's Prescriptions for Congress
(DBN)

GAO: Trump Transition Broke Ethics Rules • Ethics Chief Deeply Concerned About Officials
(DBN)

Eminem Delivers a Critique as Vulgar as the President • The Bellwether County That Explains Eminem and Kid Rock
(DBN)

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Cybersecurity:

Despite all the attention from the Equifax breach, consumers are doing little to protect themselves
(DBN)

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Banking:

Citi among 9 banks IMF says will struggle to be profitable
(DBN)

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Retailing:

Restructuring Experts Examine What is Behind the Ongoing Carnage in Retail
(DBN)

J.Jill shares plummet after outlook cut
(DBN)

Payless, lender battle over order confirming Ch. 11 restructuring
(DBN)

How Sports Authority's bankruptcy cast a shadow on athletic retail
(DBN)

Port of Long Beach: Record Month, "Looks like retailers are optimistic about the holiday season"
(DBN)

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Autos:

Autonomous cars without backup drivers could come to California roads before June
(DBN)

The auto industry’s glamorous past and opaque future
(DBN)

Dutch Ban Gas-Diesel Cars by 2030
(DBN)

2017: The Beginning of the End of Gas Engines
(DBN)

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Personal Finance:

14 Mistakes Than Can Wreck Your Retirement
(DBN)

Here's how much money you actually take home from a $75,000 salary depending on where you live
(DBN)

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Celebs:

TV bosses hiring Boris Becker ordered to pay fees directly to accountants handling bankruptcy
(DBN)

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Golf:

Club wrestles with Chapter 11 question
(DBN)

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Student Debt:

Pennsylvania Attorney General Files Suit Against Navient; Company Responds to Allegations
(DBN)

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Radio:

iHeart Opens Debt Restructuring Talks With Creditors
(DBN)

iHeartMedia’s legal win against creditors upheld by Texas court
(DBN)

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Finance:

The Practical Effects of LIBOR’s Phase Out
(DBN)

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IP:

Court Holds U.S. Retailer Accountable for Promoting Piracy by Selling IPTV Streaming Devices with Unauthorized Channels - Court denies retailer’s attempt to use bankruptcy filing to skirt liability
(DBN)

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Economy:

Powell odds-on favorite for Fed chair amid report Mnuchin is pushing for him • Warsh Leads Yellen, Powell in Tight Race for Fed Chair
(DBN)

Fed minutes: December rate hike all but certain despite low inflation • Fed Looks for Answers on Missing Inflation in a Tight Labor Market • Federal Reserve ponders mystery of weak inflation • Fed Is Ignoring Actual Inflation Data • The Fed is worried that it won't achieve one of its key objectives for a while • 'Many' Fed members favor December rate hike - minutes • Fed Minutes Show Support for Next Hike Was a Close Call for Some • Why the Federal Reserve could be sitting on an inflation time bomb • Whiffs of Doubt Appear in Fed's View of Inflation • Fed minutes reveal low inflation numbers could be long-term, but rate hike still likely
(DBN)

Job Openings Decreased Slightly in August
(DBN)

Consumers Improve on Loan Payments for Second Quarter
(DBN)

Delinquency Rate Continues at 10-year Low
(DBN)

Hurricanes will temporarily hit GBP growth, Fed warns
(DBN)

5 reasons Trump will tell Yellen: ‘You’re fired! (and 5 reasons he won’t)
(DBN)

President Trump just claimed stock market gains actually offset national debt. They don't
(DBN)

Dollar suffers from Fed's inflation headache
(DBN)

Weirdly, this is the best city in the U.S. for trick-or-treating
(DBN)

BLS: Job Openings Decreased Slightly in August • Near a record high, US job openings fall slightly in August
(DBN)

Fed's Evans Says Weak Inflation May Not Be Temporary Phenomenon • Fed's Evans favors gradual approach to monetary normalization
(DBN)

Why this US earnings season is all about wages
(DBN)

Trump walks back his pledge that tax reform won't make him richer • Bob Corker Is Just the Beginning of Trump’s Tax-Cut Problems • Trump promises big tax cuts, but GOP-led Congress is already thinking about scaling back • Trump Is Rethinking State-Local Tax Issue to Protect Middle Class • IMF Cautions Against Tax Cuts for Wealthy as Republicans Consider Them • Trump Officials Blast IMF for Discounting Impact of Tax Cuts • The fuzzy math behind Trump saying corporate tax cut leads to ‘$4,000 pay raise’ • Trump says corporate tax cuts will mean $4,000 extra in your pocket. Economists aren’t so sure. • Here's why Trump's plan for a corporate tax holiday won't grow the economy • President Trump says he drove huge market rally but needs big tax break to keep it going • The Republican tax plan retreads old, unflattering ground • Challenges Pile Up for Republicans on Tax Reform • Republicans blame Senate GOP for stalled Washington agenda • "Confidence in our country is back," Trump says as he promotes tax reform plan • Trump promises to lower taxes for truckers — and get rid of potholes, too • The Tax Reform Tipping Point • Tax reform is crucial for the market, strategist says • Top Republican predicts Christmas Eve vote on tax revamp • Why the Trump Tax Cut May Not Create Many New Jobs • Most Americans Say the Wealthy Should Pay More in Taxes: Poll • No, Mr. President, We Are Not the Highest-Taxed Nation in the World • Trump takes tax plan to the public as GOP senators struggle to find agreement
(DBN)

Deficit hawks no match for natural disasters. House poised to OK billions
(DBN)

IMF: Beware a Credit Market Shock
(DBN)

Delta refuses to pay tariffs on Bombardier CSeries jets • Delta CEO defiantly expects to get Bombardier planes without threatened 300% tariff
(DBN)

Trump says he could envision a trade deal with Canada, but not Mexico • Car Dealers Warn Trump on NAFTA Demands • Trump: Tearing Up NAFTA Will be Fine • 5 questions looming over the latest round of NAFTA talks • Trudeau fights to save NAFTA deal, but Trump offers little hope
(DBN)

The Fed is putting too much faith in dubious economic models — and American jobs are at stake
(DBN)

Here's how much money you actually take home from a $75,000 salary depending on where you live
(DBN)

Millennials are being 'left behind,' and it poses a huge risk to the US economy
(DBN)

Why American teenagers are not interested in adult activities like working
(DBN)

The Barriers Stopping Poor People From Moving to Better Jobs
(DBN)

The share of Americans living without a partner has increased, especially among young adults
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Mortgage applications drop 2.1% as interest rates hit highest level since July
(DBN)

Koch Group Says Realtors Among Those ‘Jeopardizing’ Tax Overhaul
(DBN)

Investors Head to Houston to Buy From Panicked Homeowners • Houston Let Developers Build Homes in Reservoirs
(DBN)

How Trump tax plan would alter mortgage interest deduction
(DBN)

HGTV's 'Fixer Upper' makes house flipping seem like a good investment — but there's a catch
(DBN)

Rent in San Francisco, but buy in Detroit
(DBN)

How long you have to save to afford a 10% down payment
(DBN)

The battle over gentrification is heating up around the US
(DBN)

Fannie Mae looking to shed $3.62 billion in loans from its books
(DBN)

Federal government spends more subsidizing homeowners than it does helping people avoid homelessness
(DBN)

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Municipalities:

Maria Made Puerto Rico’s Giant Debt Even Trickier for Hedge Funds
(DBN)

Come On, Bondholders! Give Puerto Rico a Break.
(DBN)

Moody's downgrades Puerto Rico GOs, COFINA and other debt; outlook negative • Moody's downgrades Puerto Rico's GO bonds, other debt
(DBN)

Puerto Rico Debt Crisis To Continue For Over Another Decade After Hurricane Maria
(DBN)

3 weeks after Maria, Puerto Ricans still lack power, water • Most Of Puerto Rico Still Without Power & Extremely Desperate: 'You Can't Get Sick Now'
(DBN)

Columbia Law Students Create Legal Corps For Puerto Rico
(DBN)

Puerto Rico toll hits 44 as governor asks Congress for more aid
(DBN)

House proposes helping Puerto Rico with more loans it can't afford • Donald Trump is helping Puerto Rico with … more debt .
(DBN)

Puerto Rico Fiscal Lifeline Included in $36.5 Billion Storm Bill
(DBN)

Trump: FEMA can't stay in Puerto Rico forever • Trump warns Puerto Rico that emergency services cannot remain indefinitely • Donald Trump launches fresh attack on Puerto Rico: 'Electric and infrastructure was disaster before hurricanes'
(DBN)

Rebuilding Puerto Rico From the Grassroots Up
(DBN)

Governor asks the federal prosecutor to investigate why the food is not reaching the municipalities - Mayors earmarking aid for "those who voted for them"?
(DBN)

Why Chicago's new debt scheme is reckless
(DBN)

In Detroit, Artists Rebuild with the City or Get Squeezed Out
(DBN)

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Oil/Gas:

Three factors could crush hopes for a higher oil price, IEA says
(DBN)

Big Oil See Prices Below $60 a Barrel in 2018
(DBN)

Drilling permits surge as oil hovers above $50 a barrel
(DBN)

Oil supply rises, as U.S. production keeps up pace despite hurricanes: IEA
(DBN)

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Weather:

At least 23 are dead, hundreds are missing as strong winds fan California wildfires • Wineries devastated, bottles sucked dry of wine after deadly wildfires in California • Desperate calls to save those trapped by fire, but emergency alert system failed many • A boiling river of wine • The Wineries Destroyed by Calif. Wildfires • New satellite photos • Fires burn through at least five wineries in Napa and Sonoma valleys • With climate change and sprawling property development, wildfires are here to stay • CA: Wildfires Spread, 21 Dead • Raining Ash and No Rest: Firefighters Struggle to Contain California Wildfires • Air pollution from California fires equals a year’s worth of traffic, analyst says
(DBN)

House OKs $36.5 Bn in Disaster Relief • SBA has approved $1B-plus in Harvey-related disaster loans
(DBN)

Ophelia becomes hurricane, tying record from 1893
(DBN)

Everyone Knew Houston’s Reservoirs Would Flood — Except for the People Who Bought Homes Inside Them
(DBN)

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Electricity:

Energy Future Wrangles With Vistra Over Tax Breaks
(DBN)

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Education:

The most worthless graduate degree in America
(DBN)

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Coal:

Why Rick Perry’s proposed subsidies for coal fail Economics 101 • Perry: Blowing Up Energy Markets? • Factories attack Perry's plan for power grid
(DBN)

EPA Chief Calls for Ending Wind Tax Credits to Help Coal Survive
(DBN)

Pro-Trump energy group blasts plan to help coal, nuclear • Unlikely Allies Fight Trump Backing of Coal, Nuclear Energy
(DBN)

Critics: Proposed energy rule is payback to ailing coal industry for supporting Trump
(DBN)

Is The War On Coal Really Over?
(DBN)

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Gambling:

Union presses post-bankruptcy Caesars on benefits, worker protections
(DBN)

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New Bankruptcy Opinions
(8 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (33 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (6 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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Litigation:

Can Litigators Use Technology To Break From Conventional Wisdom?
(DBN)

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Impairment:

Houston Bankruptcy Court Splits With Third Circuit on "Statutory Impairment"
(DBN)

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Automatic Stay:

Automatic Stay: Beware State Specific Quirks When Filing Liens
(DBN)

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Executory Contracts:

When Contracts And Bankruptcy Collide, A Short Term May Be Better In The Long Term
(DBN)

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Healthcare:

Hospital demolition put on hold after bankruptcy filing
(DBN)

Trump is about to start undercutting Obamacare by relaxing insurance rules • 'Trump effect' will double prices of many California Obamacare health plans next year • Foiled in Congress, Trump Moves on His Own to Undermine Obamacare • How Trump set up Obamacare to fail
(DBN)

There’s been a shocking surge in the number of obese children
(DBN)

America is spending more on doctors and less on hospitals
(DBN)

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Pensions:

Retired RI hospital workers protest bid to cut pensions
(DBN)

Why is corporate America issuing debt to fill the holes in pension plans?
(DBN)

Unfunded Pension Liabilities: Caveat Emptor, Caveat Esquire
(DBN)

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E-Cigarettes:

Johnson Creek Enterprises suddenly closes
(DBN)

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Fraud:

Madoff and Conceptual Art Mix in Nonprofit Copyright Suit
(DBN)

SEC alleges general counsel aided Ponzi scheme, approved misleading ads
(DBN)

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Awards:

NCBJ Report: Awards Edition
(DBN)

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Taxis:

Taxi medallion owners getting support from House Democrats
(DBN)

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Food/Beverage:

Amazon's Grocery Grab Squeezes Debt-Laden Supermarket Chains
(DBN)

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Sovereigns:

If I Were a Holdout ...

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UK:

'No deal' on Brexit is the punishment for leaving, not the reward
(DBN)

Trump Visit to England Downgraded, No Longer a State Visit • Trump still hopes to meet the Queen during a 'downgraded' UK visit
(DBN)

Bank of America Merrill Lynch advances its Brexit plan as bank rents huge Paris office
(DBN)

‘Bankrupt’ Danniella Westbrook steps out with £1,300 Yves Saint Laurent clutch and £200 designer necklace
(DBN)

U.K. Credit Squeeze is Good for Banks, Bad for Economy
(DBN)

UK small businesses not changing plans in face of Brexit: survey
(DBN)

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EU:

Disruption at Distressed Budget Airlines Rattles European Air Travel
(DBN)

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PIIGS:

Spain Warns Catalonia With Threat of Direct Control From Madrid • Spain ‘nuclear option’ on table as confusion over Catalan independence hangs in the air • Catalonia given 8-day deadline to drop independence bid — but separatists 'unlikely to back down' • Italy Knows How to Solve Catalonia's Problem
(DBN)

Lufthansa CEO says interested in talks to create new Alitalia
(DBN)

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Canada:

Uncertainty in Canada’s Oil Patch over Environmental Remediation Claims
(DBN)

Sears Canada will soon join a growing list of defunct retail chains • Sears Canada approves plan to liquidate most of its assets • Sears collapse will ripple through the economy • Sears closure could mean large job losses, retail dead space
(DBN)

Global Central Banks Can Copy Canada as Bubbles Inflate
(DBN)

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Switzerland:

Scientists find gold worth $2 million in Swiss sewage
(DBN)

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Germany:

Lufthansa poised to buy assets of Air Berlin: official • Lufthansa to buy large parts of bankrupt Air Berlin • Lufthansa CEO says to sign Air Berlin deal today
(DBN)

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Australia:

Reform Comes to Australian Restructuring and Insolvency Law
(DBN)

Going behind a judgment debt in bankruptcy proceedings
(DBN)

Are equitable charge holders secured creditors for the purposes of the Bankruptcy Act 1966
(DBN)

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India:

Insolvency board drafts rules for repayment plan
(DBN)

DB Realty loses ground amid reports of insolvency suit against company
(DBN)

NPA-laden banks looking to avoid bankruptcy courts
(DBN)

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Brazil:

US Government Repatriates 95 Artworks Linked to Disgraced Brazilian Financier
(DBN)

Brazil's Oi proposes 25 percent limit to debt-for-equity swap
(DBN)

VW. BP. And Oi? One of These Mega Fines Is Not Like the Others
(DBN)

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Croatia:

Moody's sees Agrokor's debt recovery at low end of 35-65 pct range
(DBN)

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China:

Foreign Capital Investment In Restructuring Enterprises The First In The Series - The Patterns And Exit Of Foreign Capital Investment In Restructuring Enterprises
(DBN)

How China's biggest debtors may struggle to pay off their loans
(DBN)

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Malaysia:

Major Reforms To Insolvency Laws With The Coming Into Effect Of The Bankruptcy (Amendment) Act 2017.
(DBN)

Bankruptcy Act Amendments Now In Force.
(DBN)

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Venezuela:

Thousands Are Fleeing Venezuela by Two-Lane Border Bridge
(DBN)

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