October 13, 2017

The Daily Bankruptcy News

View prior editions: Click Here
View prior case summaries: Click Here
Search prior headlines: Click Here
Search prior case summaries: Click Here

Format For Mobile Device



Law:

PwC launches on-demand flexible lawyering service for clients
(DBN)

UK: Firm under investigation for "breathtakingly rude" behavior
(DBN)

The Racism You Have To Get Through To Be A Biglaw Managing Partner
(DBN)

Law Professor Beset By Criticism Doth Protest Too Much, Methinks
(DBN)

Clifford Chance wins right to fight for gender-neutral passports
(DBN)

Tech Isn't a Silver Bullet for Adapting to Competitive Market
(DBN)

How Are Lawyers Using Practice Tools?
(DBN)

ROSS Intelligence lands $8.7M Series A to speed up legal research with AI
(DBN)

FBI, NYPD, Scotland Yard Probe Weinstein Weinstein Co. struggled financially even before Harvey Weinstein’s sexual misconduct allegations Ben Affleck dubbed 'B---man' as more groping allegations emerge 27 accusers share their stories of Harvey Weinstein's alleged advances ‘She just broke her brand’: Donna Karan’s defense of Weinstein is taking its toll Oliver Stone Defends Harvey Weinstein Not just Harvey Weinstein: The depressing truth about harassment in America Will Harvey Weinstein Finally Kill the Old Boys' Network? Harvey Weinstein Paid Off Accusers for Decades
(DBN)

Weinstein Co. Bankruptcy Threat or Sale Looms as Leadership Divided Over Fate of Company Would a Weinstein Co. Name Change Wipe the Stain of Harvey’s Scandal?
(DBN)

Cy Vance And The Terrible, Horrible, No Good, Very Bad Month
(DBN)

Amazon suspends video executive Roy Price following harassment claims Amazon Snared in Hollywood Harassment Scandal
(DBN)

Ezekiel Elliott could begin 6-game suspension after appellate court sides with NFL
(DBN)

Bitter Girlfriend Finds Evil Way To Make Sure Cheating Ex Fails The Bar Exam
(DBN)

An unlikely hero in Las Vegas What we still don't know about the Las Vegas shooting Suits over Las Vegas mass shooting face obstacles, including federal law protecting gun makers Vegas Massacre: Who Americans Should Fear Why the Vegas Shooter Did It
(DBN)

NRA opposes two bump stock bills
(DBN)

The Airport Bomber From Last Week You Never Heard About
(DBN)

California ends practice of billing parents for kids in detention
(DBN)

State Bar Charges Bankrupt Attorney With Stealing More Than $3.4 Million
(DBN)

11 reasons you should buy an iPhone 6S instead of the iPhone 8 or iPhone X
(DBN)

Lawyers: Don’t Forget Your iPhone Can Make Voice Calls Too
(DBN)

A doctor shouted at a sick mother to ‘get the hell out.’ Now he’s under criminal investigation Doctor from video says he overreacted to defend staff
(DBN)

A mother was jailed for refusing to vaccinate her son. Now she's outraged he's been immunized.
(DBN)

Somehow The Characters On ‘How To Get Away With Murder’ Are Still In Law School
(DBN)

Debevoise lawyers "frogmarched from building" over offensive comments about colleagues
(DBN)

K&L Gates accused of protecting harassing lawyer
(DBN)

The Atlantic’s Top Lawyer on Perils of the Digital Age
(DBN)

OJ Actually Now Owes The Goldmans WAAYYY More Than $33.5 Million
(DBN)

______________

Judges:

Wildfires: BK ND CA - Santa Rosa Court Closed Through 10/16
(DBN)

NCBJ Report: Dean Chemerinsky Says It's Formalism for the Foreseeable Future
(DBN)

McConnell ponders giving Senate tradition the “slip” Judicial 'Blue Slips' Give Single Senators Too Much Say
(DBN)

‘F--- You, Too’: These Judges Do Not Like One Another
(DBN)

Menendez Judge Questions Government's Case
(DBN)

Judge was unaware he gave joint custody to father accused of r----- the then-12-year-old mother
(DBN)

Will ‘sore-loser litigiousness’ against Trump produce bad precedent?
(DBN)

Pennsylvania judge is accused of retaliating against witnesses for prior ethics complaint
(DBN)

______________

Wall Street:

U.S. stocks reach for higher open, with inflation and big bank earnings in focus
(DBN)

Stocks retreat from record highs as earnings season kicks into full gear
(DBN)

S&P 500 is poised to make uncanny stock-market history—for doing almost nothing
(DBN)

Stock traders should fear Friday the 13th — especially in October
(DBN)

Poll: Are tax cuts already priced into the stock market?
(DBN)

The case for buying the dip in beaten-down retail stocks
(DBN)

______________

Layoffs:

GM To Lay Off 1500 Workers
(DBN)

Disney to cut staff at ABC TV Group by as many as 200 people
(DBN)

______________

Politics:

“O.K., keep him. I have two other kids to raise”
(DBN)

What is the 25th amendment — and why are people talking about it?
(DBN)

John Kelly makes rare appearance at White House briefing to say he doesn't 'think he's getting fired today' and is not 'frustrated' with his job
(DBN)

President's lawyers may offer Mueller a meeting with Trump Facebook scrubbed potentially damning Russia data before researchers could analyze it further What Facebook Did to American Democracy
(DBN)

‘Kneel-In’ protest planned outside stadium before Panthers-Eagles game Trump Fact Check: The NFL is "getting massive tax breaks." How the NFL Lost to Trump
(DBN)

'They've had plenty of time to get their act together': Top senators slam Trump for failing to implement Russia sanctions
(DBN)

Greg Gianforte's mugshot released to the public after legal battle
(DBN)

U.S. Will Withdraw From Unesco, Citing Its ‘Anti-Israel Bias’
(DBN)

Presidents and Eyewitnesses Lie, but Reporters Still Have to Report
(DBN)

Trump lists grievances, appears ready to leave the Iran deal
(DBN)

______________

Autos:

Oxford will ban gas-powered cars starting in 2020
(DBN)

Paris to Ban Gas, Diesel Cars from City Center
(DBN)

Oil giant Shell bets on electric cars
(DBN)

Mitsubishi: EVs May Become the Cheaper Cars
(DBN)

You'll Probably Drive an EV Soon
(DBN)

General Motors plans to temporarily shut down Detroit factory over slow demand, says report
(DBN)

Tesla Model 3 reservations are for sale — at 4 times the price
(DBN)

CarMax is Running on Fumes
(DBN)

______________

Television:

Pay-TV Companies Are in Crisis Mode Cord-Cutters Sap AT&T's TV Business AT&T subscriber losses highlight cord-cutting threat: analysts Shares of TV providers drop as AT&T warns of video losses AT&T says it lost 390K linear pay-TV subs in Q3
(DBN)

NFL's cratering ratings may be starting to hit Fox's bottom line
(DBN)

______________

Solar:

First Solar Comes Out in Favor of Import Tariffs
(DBN)

Why China is winning the clean energy race
(DBN)

______________

Debt Collection:

House Financial Services Committee Hears Bill to Exempt Lawyers from FDCPA in Connection with Legal Proceedings and Related Communications
(DBN)

______________

Banking:

Citigroup beats on earnings results as its bread-and-butter business shines
(DBN)

What drove JP Morgan's third-quarter profit? That loan you took out
(DBN)

Barbarians at the Bank
(DBN)

______________

Personal Finance:

4 guaranteed ways to stand out in your next job interview
(DBN)

4 simple financial lessons I will teach my daughter
(DBN)

14 million couples are in long-distance relationships. Here’s the staggering amount it costs some
(DBN)

______________


Economy:

Unemployment rolls shrink to 44-year low, jobless claims show Weekly Initial Unemployment Claims decrease to 243,000
(DBN)

Fed Survey: Consumers’ Pessimism About Household Finances, Credit Continues
(DBN)

On the Fed choice, if it ain't Yellen, I'll be sellin'
(DBN)

Two Friday reports could force the Fed’s hand
(DBN)

Fed officials disagree on need for interest-rate hike in December
(DBN)

Fed president James Bullard explains why he disagrees with his colleagues about the need for more rate hikes
(DBN)

Warsh Might Be Just The Asset Wheeler Dealer That Trump Wants At The Fed
(DBN)

Trump says his tax plan could save average U.S. households $4,000 if enacted The $4,000 Question: Where Did Trump Get His ‘Pay Raise’ Number? Republicans still don't understand why their plan raises taxes on many middle-class families House GOP’s Tax-Cut Hopes Ride on Deciding Who Is Middle Class Mnuchin backs key provision in Trump tax plan that would hit Democrats hardest Trump has been lying a lot about his 'small business' tax cut Ryan: If needed, Congress will stay through Christmas to pass tax reform Jamie Dimon: I will hire more workers if Trump's tax reform passes Chuck Grassley fact checks Trump Trump's tax plan evokes Reagan Trump wants to reproduce Reagan's tax reform win, but he's missing all the key ingredients Ex-Treasury Secretary Summers: White House tax plan 'indefensible' Trump tax-cut plan may spark sell-off in bond market, Robert Rubin says The IMF Channels Bernie Sanders on Taxes
(DBN)

Cut Taxes or Build Bridges? Partisan Debate in U.S. Rolls On
(DBN)

These 13 companies pay the highest effective tax rate in the US Here are the actual tax rates the biggest companies in America pay
(DBN)

Billionaire Tom Steyer has a message for Trump: Raise my taxes
(DBN)

Donald Trump doesn't seem to understand the stock market. Or the national debt. Trump’s comments about stock gains reducing debt aren’t as crazy as they sound President Trump Said Stock Market Gains Reduced the National Debt. That's Not How It Works Donald Trump's misleading linkage between stock gains, debt reduction
(DBN)

Retirement living: 28% of seniors say it's worse than expected
(DBN)

4 signs you might never retire
(DBN)

Can you Retire on $1 Million? Here is What You Need to Know
(DBN)

65 Is the New 55. And Vice Versa.
(DBN)

1 important trend: kinless in America
(DBN)

Millennials are way better with money than everyone else in this key way
(DBN)

Canada, Mexico Will Stick with NAFTA Talks Donald Trump, Dealbreaker US hikes tensions in NAFTA talks with call for 'sunset clause' Auto Industry Unhappy with NAFTA Push
(DBN)

These young ironworkers are betting on new technology — and traditional unions — to achieve their American dream
(DBN)

Mnuchin: We can't have federal government keep subsidizing states
(DBN)

Americans are most afraid of this — hint: it’s not Obamacare or terrorism
(DBN)

Phoenix Lending Survey Results Shows a Shift in the Outlook of the U.S. Economy
(DBN)

Goldman: You Can Now Bet on Next Bank Crisis
(DBN)

A US debt ceiling crisis 'certainly would be rating relevant,' S&P says
(DBN)

LA area Port Traffic: Imports increased, Exports decreased in September
(DBN)

Hotel Occupancy Rate increases YoY, Just behind Record Year
(DBN)

U.S. Resettles Fewer Refugees, Even as Global Displaced Population Grows
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

______________

Real Estate:

Goldman wants to help flip that house
(DBN)

Strong economic growth pushes mortgage rates higher
(DBN)

Distressed Investors Are Already Buying Houston Homes for 40 Cents on the Dollar
(DBN)

Closings of big-chain stores leave glut of retail space. What's ahead for those vacant locations?
(DBN)

Faster Growth of Amazon Fashion Could Rock Retail Real Estate
(DBN)

Update: Real Estate Agent Boom and Bust
(DBN)

____________

Municipalities:

Puerto Rican leaders plead for help as Trump threatens to pull out Trump: We can't keep helping battered Puerto Rico 'forever' Voters flunk Trump on Puerto Rico response — most say he doesn't care about the island's problems After Trump says US can't aid Puerto Rico forever, Kelly says White House will be there until the 'job is done'
(DBN)

Puerto Rico's Recovery More Uncertain
(DBN)

Puerto Rico: Nonpartisan Bankruptcy Issues and Hurricane Maria’s Silver Lining
(DBN)

Puerto Rico's Death Count Doesn't Add Up
(DBN)

U.S. House approves disaster funds as Trump criticizes Puerto Rico 69 in GOP Voted Against Puerto Rico Aid Bill
(DBN)

Trump Tweet Hits Sore Spot: Slow Pace of Puerto Rico’s Recovery Trump Says U.S. Responders Can’t Stay in Puerto Rico Forever Federal disaster aid for Puerto Rico isn’t foreign aid — but Trump acts that way Trump tweets foreboding warning about Puerto Rico, which he calls a ‘disaster before hurricanes’ Let Them Eat Paper Towels
(DBN)

How To Wipe Out Puerto Rico's Debt Without Hurting Bondholders
(DBN)

To the average investor, Puerto Rico debt crash is more of a whimper than a bang
(DBN)

Hurricane Maria has made Puerto Rico's already dire economic situation even worse
(DBN)

Poll: Majority believe Puerto Rico isn't getting the help they need
(DBN)

A former energy official for Obama explains why Tesla has the best plan for helping Puerto Rico
(DBN)

Puerto Rico Needs 50,000 Utility Poles
(DBN)

Simply forgiving Puerto Rico’s debt would be a huge mistake
(DBN)

24 hours, two crises, two very different Trumps
(DBN)

______________

Oil/Gas:

Breitburn lays out bankruptcy exit plan, creditors want an auction Breitburn Bankruptcy Exit Plan Could Split Company in Two
(DBN)

Oil Set for Weekly Gain on Rebalancing Signs From US to China
(DBN)

Oil will crash to $10 a barrel with electric vehicle revolution, strategist says
(DBN)

______________

Awards:

ABI Announces "40 Under 40" Emerging Leaders in Insolvency Practice
(DBN)

______________

Weather:

The fires devastating California wine country have created the 'worst air quality ever recorded' — and it's about to get worse CA: PG&E Power Lines May Have Started Fires California's wildfire devastation Hundreds missing, 26 dead in California wildfires as crews gain ground Death toll climbs to 29 as crews begin grim search among ashes of wine country fires California wildfires kill at least 31 as dangerous winds continues to fan the flames Smoke from Wine Country wildfires make Bay Area air quality as bad as Beijing Calif. Tells PG&E to Preserve Fire Evidence
(DBN)

Traders are cranking up bets against the nation's biggest wine company as California wildfires rage
(DBN)

House Approves $36.5 Billion Hurricane and Wildfire Aid Package
(DBN)

Trump’s pick for NOAA chief causes a storm
(DBN)

Hurricanes could boost inflation and retail sales
(DBN)

______________

Credit Reporting:

Key House Republican plans bill to rein In credit Bureaus After Equifax Hack
(DBN)

______________

Golf:

Support developer on defunct golf course
(DBN)

______________

Nuclear:

Westinghouse Seeks to Tap Bankruptcy Loan to Shore Up Non-Debtors' Global Nuclear Business
(DBN)


______________

Bankruptcy Crimes:

Ex-Billings neurosurgeon denies he lied about his assets when he filed for bankruptcy
(DBN)

______________

Mass Torts:

J&J says jury misconduct should nix $417 million talc verdict
(DBN)

______________

Currency:

Bitcoin's market value is now larger than Goldman Sachs and Morgan Stanley
(DBN)

______________

 


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 (13 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)

______________

Bankruptcy Statistics:

BK MN: Updated Filing Statistics
(DBN)

______________

Miscellaneous:

Distressed debt & bankruptcy review - first nine months 2017
(DBN)

______________

Avoidance Actions:

9th Cir. Limits Subsequent Good-Faith Transferee Exception in Bankruptcy Fraudulent Transfer Actions
(DBN)

______________

Tax:

Bankruptcy Judge Issues Temporary Restraining Order in Energy Future-Vistra Tax Fight - Enjoins Filing Of Tax Return
(DBN)

______________

Make-Whole:

Bankruptcy Court Rules "Make-Whole" Provision Creates Enforceable Liquidated Damages
(DBN)

______________

Consolidation:

Good News/Bad News in Keeping Affiliates out of Bankruptcy
(DBN)

______________

Healthcare:

Bankruptcy Judge: HCCA stays in Tulare, for now
(DBN)

Trump just took a big step to unravel Obamacare Trump loosens insurance rules in bid to weaken ACA Here's what's in Trump's executive order on health care Americans fearful over health care as Trump unveils changes Among Main Street women, Trump's health-care policy is a loser Trump's ACA Move Likely to Face Lawsuits Trump's executive order fixes one health care problem but creates another Health groups warn Trump's executive order could hurt patients How Trump is undercutting Obamacare Trump Executive Order Expands Opportunities For Healthier People To Exit ACA What You Need to Know About Trump’s Executive Order on Health Care Donald Trump's health care order creates two Americas
(DBN)

Trump Cuts Off Billions in ObamaCare Subsidies for the Poor A Stunning Blow to Obamacare Trump to end key ACA subsidies, a move that will threaten the law's marketplaces Trump halts Obamacare payments, tells Democrats to 'call me to fix' health care Trump administration will stop paying ACA insurer subsidies 'Spiteful, Pointless Sabotage': Democrats excoriate Trump's move to cancel Obamacare payments
(DBN)

Trump Cuts to Obamacare Enrollment Groups Are Deeper Than Expected
(DBN)

Older, sicker Americans will foot the bill for Trump’s healthcare orders
(DBN)

Trump's Health-Care Wrecking Ball
(DBN)

36 Percent Average Jump In ACA Premiums Coming To Wisconsin
(DBN)

California slaps 12.4% surcharge on ACA plans over subsidy uncertainty
(DBN)

Overlooked By ACA: Many People Paying Full Price For Insurance 'Getting Slammed'
(DBN)

______________

Cybersecurity:

Equifax takes down web page after reports of new hack Hacked again? Equifax shares drop after possible new cyberbreach Hacked again? After investigation, Equifax says no
(DBN)

______________

Coal:

Lawmakers slam DOE's proposal to help coal, nuclear power
(DBN)

Coal's Comeback Is Running Out of Steam After a Year of Growth
(DBN)

Trump’s pro-coal agenda is a blow for clean air efforts at Texas' Big Bend park
(DBN)

Energy Sec Rick Perry faces grilling over proposal to subsidize coal and nuclear power generation
(DBN)

______________

Retailing:

J.C. Penney's stock tumble toward another record low
(DBN)

Perfumania exits bankruptcy as a private company
(DBN)

Are Mass Store Closings The Start Of An Inevitable Downward Spiral?
(DBN)

Sears Holdings Borrows Another $100 Million
(DBN)

______________

Travel:

Family booted from Southwest flight over 'rowdy' kids, parents say
(DBN)

______________

UK:

BBC told to pay Boris Becker's fees to accountants handling his bankruptcy Bankrupt Boris Becker and wife Lilly put on a united front
(DBN)

BA owner IAG interested in failed airline Monarch's Gatwick slots - CEO Norwegian Air CEO interested in collapsed Monarch's airport slots
(DBN)

Airlines face bankruptcy over Brexit uncertainty
(DBN)

Poll finds support for Brexit has hit a new low
(DBN)

Londoners are spending 40% of their income on rent as prices spiral
(DBN)

______________

PIIGS:

All Bets Are Off for Greece Needing More Financial Support
(DBN)

Catalonian Bonds, Anyone?
(DBN)

______________

Canada:

GM warns Canadian union it could wind down striking SUV plant
(DBN)

Good times luring many too deep into debt, warns bankruptcy expert
(DBN)

No public money given to Sears call centres: provincial government
(DBN)

Sears demise is Nortel all over again for pensioners, says expert
(DBN)

Fleet of historic Halifax trucking company to be sold at auction
(DBN)

______________

Germany:

Lufthansa tightens its grip on German skies after buying the bulk of its distressed rival Air Berlin Lufthansa Wants More and More of Air Berlin's Remains IAG CEO sees "significant" competition issues with Lufthansa/Air Berlin deal Austrian competition authority concerned about Lufthansa monopoly in Vienna
(DBN)

Ryanair to refer Lufthansa's 'stitch up' for Air Berlin to EU commission
(DBN)

Hope for easier restructuring of SMEs: German Institute of Public Auditors propose new standard Restructuring Opinions
(DBN)

______________

Indonesia:

OJK Tightens Its Supervision Over Bankruptcy Disclosure With New Sanctions For Non-Compliance
(DBN)

______________

India:

Insolvency rules amendment on stakeholder protection ‘cosmetic’, say homebuyers
(DBN)

Bankers wary of insolvency code as high provisioning looms
(DBN)

Handouts for Hard Times in India
(DBN)

______________

Japan:

Kobe Steel's cheating engulfs more divisions; shares resume slide Japan's Kobe Steel to pay back customers after fudging the numbers on its steel quality Kobe Steel Scandal Expands Into Core Business Overseas
(DBN)

Venable’s Strickland on Kobe Steel Scandal’s Safety Risks
(DBN)

Japan Inc. Scandals Build a Case for Corporate Reform
(DBN)

______________

China:

The Use of Non-Court Based Corporate Rescue – Does the Australian Voluntary Administration Procedure Provide a Model for China?
(DBN)

______________

Australia:

Only half of Aussie businesses are ready for retail giant Amazon
(DBN)

_____________


The Daily Bankruptcy News is primarily a curated news link gathering service.   Most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subscription fee is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use. If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid service subscription. These links are currently marked with a "DBN" notation. The cost of a subscription is $64/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links.

New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase.

Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested. There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear. You do not need to type anything in the body of the email message. Note that the email asking for removal must be sent from the same email address which is on our distribution list. If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

If receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list.

Press Releases/News Tips
Please send press releases and news tips to admin@bkinformation.com

Contact Us
The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C. You can phone or text us at 281-402-3957. You can email us at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries). Our mailing address is 935 Eldridge Road, No. 350, Sugar Land, Texas 77478.

Copyright 2017