October 23, 2017

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Individual lawyer's reputation tops GC list when selecting law firms
(DBN)

Shkreli Lawyer, on Trial Himself, Seeks Distance From Shkreli • Prosecutors Lay Out Securities Case Against Shkreli Attorney • Trial Against Ex-Partner Puts Spotlight on Katten Muchin
(DBN)

David Boies is Trying to Make His Law Firm Outlive Him
(DBN)

Swamped in Discovery Documents, Lawyer Spends 3 Days in Storage Unit
(DBN)

Locking It Down and Keeping Watch: A 2017 Corporate and Law Firm Protection Guide
(DBN)

An Inside Look at How Cooley, Davies Manage Cybersecurity
(DBN)

The Future Of The Legal Profession
(DBN)

California Law School Deans Are None Too Pleased That The Bar Exam’s Passing Score Will Not Be Lowered
(DBN)

Did A Biglaw Firm Really Build Its Own Video Game?
(DBN)

This School Was Ahead Of Its Time
(DBN)

Uniform Bar Exam Inches Closer to Reality
(DBN)

Trump is going through an 'extremely unusual' process of picking US attorneys — and it has ethics experts bewildered
(DBN)

Trump pledges to personally pay some legal bills of WH staff and associates
(DBN)

More than 30 women come forward to accuse director James Toback of harassment
(DBN)

Harvey Weinstein’s former-chauffeur reveals more • How Harvey Weinstein used his fashion business as a pipeline • Harvey Weinstein And The Cost Of Silence • Weinstein Saga Has Business Leaders Calling Their Lawyers • Sorry Harvey, When You Specifically Deny Just One Woman's Claims, You're Implying the Other 50 Are True • Four female senators say #MeToo • Wall Street may have its own Harvey Weinstein problem
(DBN)

Ready for Big Law's #MeToo Moment?
(DBN)

You don’t need work-life balance to be successful—you need these 4 things instead
(DBN)

Bowe Bergdahl says U.S. treated him worse than Taliban as he faces possible life sentence
(DBN)

Fox knew about Bill O’Reilly’s harassment payout before renewing contract • O'Reilly says he was one of many accused at Fox • Fox renewed O'Reilly's contract after a sixth harassment settlement • O'Reilly dismisses NYT report as 'lies and smears'
(DBN)

Rapid-response legal network fights ‘dangerous retreats’ on women’s issues in Trump era
(DBN)

Why Even Neo-Nazi Speech Needs to Be Protected • The Misguided Student Crusade Against ‘Fascism’
(DBN)

Former partner says firm’s suit alleging stolen client has ‘recklessly false’ allegations
(DBN)

Assistant U.S. Attorney's Affair with FBI Agent Results in Bar Suspension
(DBN)

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Judges:

Justice Kagan Does Not Like Neil Gorsuch
(DBN)

Gorsuch: Civility doesn't mean suppressing disagreement
(DBN)

Is prolific tweeting Texas justice’s social media farewell a thank you for 5th Circuit nomination?
(DBN)

New York judge demoted after angry spat with fellow justice
(DBN)

Hurricanes: 3rd Circuit Issues Temporary Rules For Virgin Islands Cases
(DBN)

Supreme Court can ‘botch the truth,’ review finds; law prof sees need for technical advisers
(DBN)

Trump Is Giving Us The Judges Republicans Have Always Promised
(DBN)

The Perfect RBG-Inspired Bibs For Supremely Cute Babies
(DBN)

Officials Rule Former Texas Appellate Justice Died of Chronic Alcoholism
(DBN)

A Dearth of Female Attorneys at Supreme Court Oral Arguments
(DBN)

Does Chief Justice Roberts fear gobbledygook? Or is that just baloney?
(DBN)

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Wall Street:

U.S. stocks aim for all-time highs, with more earnings ready to provide a spur • Futures point to a slightly higher open as investors look ahead to Halliburton, Hasbro earnings
(DBN)

Dow surges 165 points to record close on tax reform hopes, stunning GE comeback
(DBN)

What could derail the stock-market rally? Here’s one thing to watch this week
(DBN)

Stick With Numbers When Judging Trump's Rally
(DBN)

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Layoffs:

Siemens Plans Thousands of Job Cuts
(DBN)

UMMC cuts 120
(DBN)

Merck's sales force restructuring means 840 jobs lost
(DBN)

Welcoming Our New Robot Overlords
(DBN)

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Politics:

Trump said Kelly was 'so offended' that Rep. Wilson was listening to Trump's call with Gold Star widow • White House: It's 'highly inappropriate' to question the accuracy of John Kelly's claims • 2015 Video Shows John Kelly Was Wrong About Wilson • White House: Kelly Absolutely Stands by His False Statements About Wilson • Fact-checking John Kelly on Frederica Wilson's 2015 speech • Wilson demands apology from Kelly for ‘character assassination’ • Now Trump Contradicts John Kelly's Speech • Bush and Kelly: Truth Tellers • Gold Star Widow: Trump Understood My Loss • Trump said he called the families of 'virtually everybody' who died in service — but internal White House-Pentagon emails tell a different story • Deaths of four U.S. soldiers turned into a 'political football,' Gold Star father Khizr Khan says • Trump's Approval Rating Falls Again • Trump Rushed Sending Condolences to Military Families • White House Panicked After Trump Lied About Calling Soldier's Families
(DBN)

Jimmy Carter: The media has been harder on Trump than predecessors • Jimmy Carter defends Trump in a wide-ranging New York Times interview • Jimmy Carter Comes to Trump's Defense • Jimmy Carter Wants to Work for Trump on North Korea
(DBN)

John McCain makes veiled swipe at Trump over draft dodging • McCain blasts "bone spur" excuses for dodging Vietnam • What McCain Knows That Kelly Forgot
(DBN)

Democratic megadonor Tom Steyer launches Trump impeachment campaign
(DBN)

Trump's Re-Election Edge Is Greatly Exaggerated
(DBN)

A liberal is a conservative whose house just flooded • Or maybe not
(DBN)

Texas town says: You want flood aid? Forget the First Amendment
(DBN)

Bannon Slams George W. Bush's Presidency
(DBN)

Roy Moore Accused Of Lying About His Finances For The Third Time
(DBN)

Tom Price's Wife: Quarantine Those with HIV
(DBN)

Mueller Now Investigating Podesta Group
(DBN)

FBI Acted as Russian Spy Moved Closer to Hillary Clinton
(DBN)

Jerry Jones: Protests Are Hurting the NFL • Trump’s pressure on the NFL to censor its players is a First Amendment issue
(DBN)

Lindsey Graham: The Trump administration has 'a blind spot on Russia I still can't figure out'
(DBN)

U.S. Nuclear Bombers Poised to Return to 24-Hour Alert
(DBN)

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Autos:

Tesla raises wages 30% in Germany soon after firing its US workers • Volkswagen CEO attacks Tesla for firing hundreds of people while burning through cash • Consumer Reports answers Tesla: 'They seem to misunderstand what we do' • JPMorgan slashes its Tesla Model 3 fourth-quarter forecast in half • Tesla's Model 3 'production hell' is testing Elon Musk's fix-as-you-go carmaking model • Tesla raises borrowing capacity for car leases to $1.1 billion
(DBN)

BMW Headquarters Are Raided in Collusion Inquiry
(DBN)

Car makers are racing toward the future with electric cars, but here's why 'we're not there yet'
(DBN)

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Religion:

Why millennials are ditching religion for witchcraft and astrology
(DBN)

The US is Retreating From Religion
(DBN)

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Ethanol:

EPA's Ethanol Stupidity
(DBN)

Oil refiners strike back at Scott Pruitt after he reverses position on biofuels mandate
(DBN)

Trump Caves on Ethanol
(DBN)

A Trump priority: Keep Grassley happy
(DBN)

The ethanol empire strikes back
(DBN)

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Coal:

Trump Plan for Coal, Nuclear Power Draws Fire
(DBN)

Trump's moves to ease regulations and revive coal industry bring little relief
(DBN)

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Student Debt:

Retiree Can’t Wipe Out Loans for Son’s College in Bankruptcy
(DBN)

6 Student Loan Forgiveness Options You May Not Know About
(DBN)

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Bankruptcy Crimes:

O’Fallon, Mo., couple gets probation for concealing assets during bankruptcy
(DBN)

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Economy:

Rosenberg: Everyone obsessing over who becomes the next Fed chair is doing it wrong • Wall Street expects Powell but still wants Yellen as next Fed chair • Inside the Fed chair decision • Yellen: "A Challenging Decade and a Question for the Future" • Trump considers big shift at Federal Reserve as he faces pressure to appoint a Republican
(DBN)

Americans have more debt than ever — and it's creating an economic trap
(DBN)

Americans Are Retiring Later, Dying Sooner and Sicker In-Between
(DBN)

Q3 GDP Forecasts
(DBN)

Attempts by retailers like Amazon and Walmart to win over the 'permanent underclass' reveal a dark truth about the death of the American middle class
(DBN)

Fed Chair Yellen says low inflation this year is an unexplainable 'surprise'
(DBN)

US Posts Its Largest Budget Deficit Since 2013
(DBN)

Why Higher Interest Rates Are Going to Really Hurt Today's Elderly
(DBN)

GOP could 'steamroll' Trump's massive tax plan through Congress • Conservative Freedom Caucus Seeks Deal for Speedy Tax Overhaul • Trump’s Tax Plan Takes a Big Step Forward, But What Comes Next Won’t Be Easy • Million dollar bracket in the works for GOP tax plan • What’s next for Trump’s tax overhaul after the Senate budget vote • The GOP has found an innovative way to steal from your future self • Republicans Will Redo Tax Plan Without Democrats • Trump pledges passage of tax cuts after Senate approves budget • Trump cheers budget that adds to deficit, busts promises Trump cheers budget that adds to deficit, busts promises • A White House Fairy Tale About the Trump Tax Plan • President Trump: With tax reform we can make it morning in America again • This Big Tax Cut for ‘High Fliers’ Shows Why an Overhaul Is So Hard • Fact Check: "50% of households that claim State & Local Tax deduction make under $100K." • GOP Slams Schumer on State Tax Break Use • The GOP tried Trump-style tax cuts in Kansas • Trump urges House GOP to move quickly on budget, tax cuts • Guess Who Loses with Trump's Tax Plan • Larry Summers: Who Benefits from Tax Cuts? • Visualize How Trump’s Tax Plan Will Affect You. Guess Who Benefits? • Ivanka hits the road to sell tax reform, child tax credit
(DBN)

Mulvaney says it's "difficult" to cut spending in Washington, blames Congress
(DBN)

Is Trump rocking the economy? Not really, it’s just average
(DBN)

Economists see pickup in business after third-quarter pause
(DBN)

Here’s the kind of spending that leads to bigger paychecks and a roaring economy
(DBN)

Trump's Pro-Growth Plan Falling Into Place
(DBN)

Humiliation of Gary Cohn Nearly Complete
(DBN)

2017 Budget Deficit Widens to $666 Billion
(DBN)

We Kill NAFTA at Our Own Risk
(DBN)

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

Tourism: Vacationing in the United States? Be Warned, Some Countries Say
(DBN)

These cities and states are throwing hundreds of millions at Amazon for its new headquarters
(DBN)

Booming Big Truck Sales Show Economy's OK
(DBN)

Why You Don't Know Anybody in the Military
(DBN)

A Look at the Nation’s Credit Scores by State
(DBN)

US is Bad at Infrastructure Planning
(DBN)

BLS: Unemployment Rates Lower in 11 states in September; Tennessee and Idaho at New Series Lows
(DBN)

The most export-dependent places in the U.S. are small counties
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Tax Foreclosures Far Exceeding Mortgage Foreclosures In Philadelphia
(DBN)

NAR: "Existing-Home Sales Inch 0.7 Percent Higher in September" • Comments on September Existing Home Sales
(DBN)

Houston home sales fuels uptick nationally • Texas cities dominate hottest housing markets in Fall 2017
(DBN)

Family Squabble Forces Fifth Avenue Building Into Bankruptcy
(DBN)

Hit Hard by California Wildfires, Santa Rosa Faces Housing Crisis
(DBN)

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Municipalities:

Hedge-fund billionaire Klarman says Puerto Rico should pay its debts • Hedge funder says Puerto Rico is better off with massive debt •
(DBN)

Many Trump voters who got hurricane relief in Texas aren’t sure Puerto Ricans should
(DBN)

Puerto Rico faces corporate takeover
(DBN)

Puerto Rico Lays Out Energy Future With Tesla, Privatization
(DBN)

Puerto Rican Statehood Is No Silver Bullet • Puerto Rico’s dual crises show its territorial status is the worst of both worlds
(DBN)

Percent of Puerto Rico with Electricity Since Sept. 20
(DBN)

Zakaria proposes 'grand bargain' on Puerto Rico's debt
(DBN)

Protesters urge investors to forgive Puerto Rico's $70B debt
(DBN)

Trump, Politics Mires Relief For Puerto Rico
(DBN)

Yale linked to Puerto Rico creditor
(DBN)

How to Keep the Lights On After a Hurricane
(DBN)

Puerto Rico : Devastation without representation • Month after storm, Puerto Rico suffers • 'Survival mode' defines Puerto Rico one month after Maria • The US could have avoided Puerto Rico's water crisis
(DBN)

Cellular internet service in Puerto Rico now available via Project Loon
(DBN)

Demand for 'Just Recovery' Battles 'Shock Doctrine' in Puerto Rico
(DBN)

Don't Surrender, Reinvent: The New Mantra Of Small Biz In Puerto Rico
(DBN)

On the streets of San Juan, police struggle to rein in crime after Hurricane Maria
(DBN)

Senate presses ahead on $36.5 billion disaster relief package
(DBN)

Still Waiting for FEMA in Houston • Receding Waters in Houston Reveal Families’ Divergent Paths to Recovery
(DBN)

Hartford City Workers Nervous Ahead of Potential Bankruptcy Filing • Moody's Right To Point To Hartford's Unions • Hartford troubles could have wide impact • Amidst uncertainty, cities and towns weigh all cost-saving options
(DBN)

City of Scranton loses landmark case regarding unlawful taxation
(DBN)

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Oil/Gas:

Oil Patch Gets Frugal as Investors Urge Profits Over Boom
(DBN)

Oil Shows Weakness, But Don't Expect A Plunge • Oil Trades Above $51 as Heightened Risk Appetite Props Up Prices • OPEC Seeks Help From U.S. Shale
(DBN)

Will Demand For Offshore Rigs Ever Recover?
(DBN)

"The US oil rig count was crushed last week"
(DBN)

Baker Hughes: US Oil Drillers Cut Rigs For A Third Week In A Row
(DBN)

A Critical Hearing For Seadrill Shareholders Set For November 1
(DBN)

Oil Investors Jump Back Into the Fray
(DBN)

Legendary energy trader John Arnold says autonomous vehicles are 'terribly bearish' for oil
(DBN)

Oil prices wobble as weak US demand offsets Mideast tensions
(DBN)

Oil market trends are setting the foundation for higher crude prices, Schlumberger says
(DBN)

Rebound for U.S. shale oil hasn’t peaked yet — why OPEC should be wary
(DBN)

The US oil phenomenon that could help spark the 'tale of two markets'
(DBN)

Slow North America oil growth hits hard on service companies
(DBN)

Big Oil Set for Bumper Profits Despite Cheap Crude
(DBN)

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Mass Torts:

California judge tosses $417M talc cancer verdict against J&J • Talc Manufacturer’s Summary Judgment Reversed; Question of Fact as to Asbestos content of Product
(DBN)

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Healthcare:

Warrant issued at Southern Inyo Hospital on suspicion of embezzlement
(DBN)

Schumer Says Bill to Prop Up Obamacare Has Votes to Pass
(DBN)

Obamacare battle turns into Trump vs. the IRS
(DBN)

Rate of U.S. adults with health insurance makes U-turn, major survey shows
(DBN)

Smartphones are Killing Americans
(DBN)

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Hotels:

Manchin, Puccio not listed on hotel's bankruptcy filing
(DBN)

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Food/Beverage:

Romano's Macaroni Grill to Explore Sale Under Bankruptcy Protection
(DBN)

Raven Capital Provides $5MM DIP to Macaroni Grill
(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 (14 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (17 new filings today)
(DBN)

Bankruptcy Code (html) - Bankruptcy Code (pdf) • Prior BK Codes (pick year from list) - Bankruptcy Rules
(large downloads)

UCLA-LoPucki Bankruptcy Research Database
(DBN)

Bankruptcy Jobs:

(1) • (2) •(3) •(4)• (5) •(6) •(7) •(8)
(DBN)

Seminars - (Contact us to list your seminar)

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Bankruptcy Statistics:

Despite Retail Woes, Business Bankruptcies Slow in Third Quarter
(DBN)

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Interest:

Creditors win closely watched appeal in Momentive bankruptcy
(DBN)

Second Circuit Decision in Momentive: Half a Loaf is Better Than None, But Even the American HomePatient Approach Does Not Conform to the Fair and Equitable Standard
(DBN)

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Make-Whole:

Appeals Court Upholds Ruling on Momentive Make-Whole Claims
(DBN)

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Contracts:

Variation in Boilerplate: What Does it Mean?
(DBN)

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Pensions:

The Pension Benefit Guaranty Corporation’s Valuation Regulation in Bankruptcy : Entitled to Chevron Deference or Arbitrary and Capricious?
(DBN)

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Examiners:

Chapter 11, Corporate Governance and the Role of Examiners
(DBN)

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Litigation:

Do Not Worry (Generally) About Overpreparing
(DBN)

Mitigating the Risks of Hidden Conflicts of Interest
(DBN)

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Personal Finance:

Millennials are oversharing how much money they make — and it’s helping them get ahead at work
(DBN)

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Travel:

Here's how the TSA wants to check you in for that flight out of town — while you tailgate
(DBN)

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Student Debt:

At MissionU, students don't pay until they've landed a job
(DBN)

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Celebs:

Is Teresa Giudice Broke?
(DBN)

‘RHONJ’ Star Siggy Flicker’s Million Dollar Bankruptcy?
(DBN)

Going for broke: Many pro athletes still struggling with finances
(DBN)

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Entertainment:

Colony Capital Has Three-Week Window to Avert Weinstein Co. Bankruptcy • Amid Scandal, Future of Weinstein Company Uncertain
(DBN)

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Nuclear:

South Carolina Governor Calls on Scana to Shoulder Costs of Canceled Nuclear Project
(DBN)

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Retailing:

Sears Pension Gaps Pressure Government Safety Nets in Canada, US
(DBN)

Retailers can't find qualified workers
(DBN)

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Gambling:

Caesars executives to ring Nasdaq's opening bell
(DBN)

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UK:

English Court Rules on Unwinding of Distressed Debt LMA Trades
(DBN)

These 5 charts show how much a no-deal Brexit would cost British families • The Harder Brexit Gets, the More Necessary It Seems
(DBN)

Four Seasons fiasco offers a sorry lesson to the City
(DBN)

Case shows trusts not always sacrosanct
(DBN)

Is the growth in living standards worse now than in the Great Depression?
(DBN)

HMRC Tax avoidance HMRC defeats £325m tax avoidance scheme
(DBN)

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PIIGS:

Catalans Seek to Use Spain Debt as Leverage in Secession Tussle • Spanish government meets to impose direct rule in rebel Catalonia • Article 155: Spain triggers its ‘nuclear option’ for Catalonia • Spain move to sack Catalonia’s government, take control of the region • Spain to Remove Catalonia Leader • Catalonia Fights Off Direct Rule From Madrid • Spain PM to remove Catalonia's leader • Catalan Separatists Plot Response to Spain’s Shock and Awe
(DBN)

Italy's 2 richest regions claim victory in autonomy votes
(DBN)

Greek govt moves to have country's largest shipyard declared bankrupt
(DBN)

Mission chiefs due in Athens amid concern over prior actions
(DBN)

Creditors React to Greek Gov’t Promise to Give €1,000 Christmas Bonus to One Million Citizens
(DBN)

ie: Sustainability of pension system cause for concern
(DBN)

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Canada:

Hudson's Bay Should Benefit From Sears Canada's Demise
(DBN)

How every investor lost money on Trump Tower Toronto (but Donald Trump made millions anyway)
(DBN)

Concordia Plans Restructuring After Missing Interest Payment • Concordia Equity Is Not A Gamble Worth Taking
(DBN)

Trudeau's Tax Plan Faces Resistance From Canadian Businesses
(DBN)

______________

Venezuela:

Venezuela is blowing debt payments ahead of a huge, make-or-break bill
(DBN)

Venezuelans use bitcoin 'mining' to escape inflation
(DBN)

Oil Quality Issues Could Bankrupt Venezuela
(DBN)

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Brazil:

Creditors of debt-laden Brazilian firm Oi request meeting delay • Brazil judge gives creditors more time to work out Oi restructuring
(DBN)

Brazil's Anatel to meet Monday on Oi fine-for-investment swap -source
(DBN)

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India:

Why directors should be wary of Insolvency and Bankruptcy Code
(DBN)

Homing in on the code
(DBN)

Govt may push RBI to ease provisioning norms for insolvency accounts
(DBN)

'Target defaulters' yachts and villas for loan recovery'
(DBN)

______________

Germany:

Germany's Air Berlin demands at least $11.8m from Etihad
(DBN)

Air Berlin plane grounded in Iceland over unpaid charges
(DBN)

Eurowings offers stranded Air Berlin travelers discounts
(DBN)

Air Berlin carve-up talks to continue over weekend
(DBN)

Air Berlin reports earnings ahead of insolvency
(DBN)

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Australia:

Distribution of trust assets in a personal insolvency: same, but different?
(DBN)

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Russia:

Moscow court declares subsidiary of Transaero Airlines bankrupt
(DBN)

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China:

China's red-hot property market may finally be set for sustained cooling
(DBN)

Crisis, What Crisis? Banks Pile Back Into China
(DBN)

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