October 24, 2017

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Ex-Chadbourne partner may be 4th to join gender bias suit
(DBN)

Martin Shkreli ‘victimized’ BigLaw partner, defense lawyer asserts in opening arguments
(DBN)

The days may soon be over when "sales" was a dirty word for lawyers
(DBN)

Ex-Dentons Associate Pleads Guilty to Lesser Charge in Law Firm Extortion Case
(DBN)

Millennials Won't Destroy Your Law Firm. Can They Save It?
(DBN)

Do In-House Counsel Expect More From Firms?
(DBN)

Should I stay or should I go? When partners should make a lateral move (podcast)
(DBN)

Pro Bono at BigLaw in 2017: Mini Firms Within Firms
(DBN)

Akin remains the leader in BigLaw lobbying revenues, raking in $9.6 million for Q3
(DBN)

Chicago v London: two partners, two cities, one day in the life
(DBN)

2 law firms sanctioned $9.1M for ‘immense waste of judicial resources’
(DBN)

Quinn Emanuel Pulls Off Coup With Big-Time Criminal Defense Hire
(DBN)

Counting All The Lawyers In The United States
(DBN)

Self-Care Tip: Say ‘No’ To Unsolicited Advice
(DBN)

Get Comfortable With Being Uncomfortable
(DBN)

Courts Split On LGBTQ Questions, Leaving In-House Counsel Flummoxed
(DBN)

Cybersecurity & IP: Don’t Let Hackers Grab Your Digital Assets
(DBN)

Channeling James Joyce, Or: The Email That Will Get You Fired
(DBN)

How to withdraw your candidacy without burning a bridge
(DBN)

US Judge Hits Texas Lawmaker with $2.9 Million Judgment in Legal Mal Case
(DBN)

Three-quarters of women working for London financial firms say they’ve been harassed
(DBN)

New York attorney general launches probe of Weinstein Co. The Weinstein Company Now Probed by AG Schneiderman 'The OA' star Brit Marling details encounter with Harvey Weinstein George Clooney and Matt Damon speak out about what they knew about Harvey Weinstein Harvey Assistant Breaks NDA, Details Cover-Up History Harvey Weinstein and the Economics of Consent Why Harvey Weinstein Faces Much More Serious Legal Problems Than Bill Cosby Weinstein's Statements in 180 Degree Turn
(DBN)

Sure Looks Like Lisa Bloom Broke Attorney-Client Privilege to Trash Kathy Griffin Lisa Bloom and Client Kathy Griffin Slam Each Other After Falling Out
(DBN)

Amal Clooney’s #MeToo Moment — Will Biglaw Face Its Own Harassment Reckoning?
(DBN)

Fidelity chairman deals with fallout from harassment claims
(DBN)

After 38 women accuse filmmaker James Toback of harassment, 200 more reach out to share their stories
(DBN)

Tech evangelist Robert Scoble has resigned from his VR startup after several women accused him of assault
(DBN)

Sen. Elizabeth Warren: I was harassed as a young law professor Elizabeth Warren Says A Senior Faculty Member Harassed Her When She Was A 'Baby Law Professor', Presumably At Rutgers
(DBN)

What Happens When Partners Harass Summer Associates And Interns?
(DBN)

In Harvey's Wake, a Rush to the Courthouse
(DBN)

Florida couple's Amazon order included 65 lbs of weed
(DBN)

Pipeline program for underrepresented students to enter legal ed launched by ABA, IU McKinney Law
(DBN)

'This is crap, and you know it': Bill O'Reilly rants at New York Times reporters who exposed sexual harassment allegations against him Megyn Kelly refutes Bill O'Reilly's harassment denials Complained about Bill O'Reilly to presidents of Fox News Megyn Kelly lashes out at Bill O'Reilly and Fox News in emotional monologue on her new NBC show Eric Bolling says it's 'beyond inappropriate' for Bill O'Reilly to mention son's death O'Reilly apologizes for bringing up death of Bolling's son O'Reilly: I'm 'mad at God' over harassment allegations O'Reilly berates New York Times reporters who exposed his $32 million harassment payout
(DBN)

Cutthroat professionals have a new trick up their sleeves: Getting stoned
(DBN)

Trump may have thrown a monkey wrench into Bowe Bergdahl’s sentencing Trump's comments about Bergdahl loom over sentencing
(DBN)

Holder: Trump's attacks on Sessions were 'unprecedented'
(DBN)

City Set To Fine Pedestrians Who Text and Walk
(DBN)

State Attorneys General are leading the fight against Trump
(DBN)

Only Thing Worse Than Cops Is A Gang Of Drunk Cops
(DBN)

'Angry Black Women' Comment Gets Lawyer Disciplined, Again
(DBN)

Oklahoma cop may have penned 2017 Police Report of the Year
(DBN)

Women Charged With Fraud After Allegedly Raising Money For Baby’s Fake Funeral
(DBN)

Writer’s ‘awful’ prenup experience actually shows value of lawyers, law prof says
(DBN)

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Judges:

Building A Diverse Bankruptcy Bench Is Critical
(DBN)

1st Cir. BAP Moving In November
(DBN)

BK NV: The Bankruptcy Bugle Newsletter October 2017
(DBN)

Are ‘offensive tactics’ ever a good idea? Gorsuch comments on ABA model rule
(DBN)

Dropping F-Bombs Gets A Judge Demoted
(DBN)

Judge Dillard Shares Twitter Tips for Judges
(DBN)

Judge Criticized for Reading 138-Page Opinion From the Bench
(DBN)

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Wall Street:

Futures indicate a higher open
(DBN)

Europe markets edge higher amid earnings; Saab surges 5%
(DBN)

Dow snaps 6-day winning streak as GE posts biggest drop in 6 years
(DBN)

Saudi Prince Alwaleed: Trump's policies have led to a $5 trillion boost in the US stock market
(DBN)

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Layoffs:

Time Inc. To Lay Off As Many As 200
(DBN)

Hundreds of Lubbock Workers Expecting Layoffs from Convergys
(DBN)

US Needs Truckers, but for How Long?
(DBN)

Rockwell Collins plans potential job cuts in Triad, 130 could be affected
(DBN)

Resort Hawks Cay lays off 260 employees
(DBN)

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Currency:

Prince Alwaleed says bitcoin will implode: 'Enron in the making' What Saudi Prince Alwaleed Got Right About Bitcoin, Enron Comparison
(DBN)

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Autos:

Takata says its case is so complex, it needs more time for bankruptcy plan
(DBN)

Auto defaults jump by 10 basis points in September
(DBN)

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Politics:

'No leadership in NFL !': Trump tweets about players who kneel Trump responds after NFL players continue anthem protest
(DBN)

The country’s elites are desperate to figure out what they got wrong in 2016. But can they handle the truth?
(DBN)

How Trump's wild 8-day feud involving Gold Star families and a Florida congresswoman unfolded Gold Star family receives $25,000 personal check from Trump — signed on the same day as a Washington Post exposé
(DBN)

Who plays more golf Trump or Obama? The debate may finally have been settled
(DBN)

Mark Cuban and Donald Trump, longtime frenemies, could face off in 2020 presidential race
(DBN)

CNN takes on White House over fake news criticism: Apples are not bananas
(DBN)

Air Force denies report that it is preparing to put B-52 bombers on high alert
(DBN)

Comey Running For Pres?
(DBN)

In polarized era, fewer Americans hold a mix of conservative and liberal views
(DBN)

Mueller Not Investigating Democrat Podesta
(DBN)

In GOP Retirements, Some See an Omen
(DBN)

Texas Voters: US Headed in Wrong Direction
(DBN)

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Coal:

Subsidizing Coal Is Far From Conservative
(DBN)

Plan to support coal, nuclear divides U.S. energy industry
(DBN)

Largest US Grid Operator Opposes Perry's Plan to Save Coal
(DBN)

______________

Economy:

Why Trump's Fed chair decision may not be as important as you think How to be wrong about almost everything and maybe be Fed chair anyway: the Kevin Warsh story
(DBN)

Chicago Fed "Index Points to a Pickup in Economic Growth in September"
(DBN)

Trump says there will be no change to 401(k) plans Why Trump’s Promise on 401(k)s Could Signal Trouble Ahead for Tax Reform The 401(k) debacle proves why sweeping tax reform will be hard to pass, Cramer says Sen. Heidi Heitkamp refutes Mnuchin: You can make a tax plan without helping the rich House Conservatives Say Tax Bill Draft Is Coming Within Days Frenzy builds as tax legislation nears Trump plans lunch with GOP senators as focus turns to taxes About That $4,000 Pay Raise: Debate Over the Trump Corporate Tax Cut Heats Up Trump’s shiny tax-cut plan has a $1.5 trillion problem The GOP needs to stop stupid ideas like limiting 401(k)s and face the real problem Ivanka Trump is the wrong person to be selling tax reform Are You Worried About Being Taxed Twice? Relax Republicans may not cut the tax rate for people making over $1 million a year Will the GOP Give the Rich a Big Tax Cut? Experts Lay Down a Wager Lawrence Summers' Hatchet Jobs On Tax Reform And Kevin Hassett Lawrence Summers: The Business Roundtable’s outlandish tax cut claims Trump's Bad News for Tax Reform Is Good News for Cuts Tax Reform Gives More to Foreign Investors Trump’s tax plan will hurt this one bracket of high-income earners Main St. to Trump: These are the tax reforms we need to keep the American dream Why Trump Will Regret Passing Tax Reform Trump’s promises narrow GOP’s options on tax bill The GOP Tax Challenge: Lots of Work, Not Much Time, and a $3 Trillion Hole to Fill
(DBN)

Role of retirement plans in tax debate highlights how poorly Americans are saving for retirement
(DBN)

Stock Market as Barometer of Policy Success
(DBN)

Trump's Numbers Guy Isn't Great With Numbers
(DBN)

GAO: Climate Change Already Costing Billions in Losses
(DBN)

The founder of the world's largest hedge fund just shared a brutal analysis of the US economy
(DBN)

JPMorgan says bet against Mexico’s stock market due to NAFTA risk
(DBN)

Hedge fund king Ray Dalio: Middle class needs 'wealth transfers' to bridge wealth gap
(DBN)

Killing NAFTA Will End the Good Times
(DBN)

GAO ruling threatens private credit boom
(DBN)

The New Populism Isn't About Economics
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Lack of affordable housing killing jobs in Bay Area
(DBN)

America’s affordable-housing stock dropped by 60 percent from 2010 to 2016
(DBN)

Tampa's Walter Investment Management restructuring, could file for bankruptcy
(DBN)

Mortgage Rates Holding Recent Highs to Begin Week
(DBN)

Buyer of Bankruptcy Baron building looks to flip property for double
(DBN)

San Francisco's housing market is so dire, a burned-out home is selling 'below market value' at $800,000
(DBN)

The 25 coolest neighborhoods in America, where everyone under 30 wants to live right now
(DBN)

NMHC: Apartment Market Tightness Index remained negative for Eighth Consecutive Quarter
(DBN)

CA: Fires Took Homes, Now Rents Skyrocket
(DBN)

____________

Municipalities:

Bond insurers say plan to shield Puerto Rico relief funds too broad
(DBN)

GOP Senators Hold Up Disaster Aid Senate set to vote on $36.5B disaster relief bill
(DBN)

Mayor Luke Bronin Says Budget Deal May Help Hartford But More Work Needed
(DBN)

How Will Puerto Rico, Devastated and Drowning in Debt, Pay to Rebuild?
(DBN)

What is the future of Puerto Rico's energy grid? Power for Puerto Ricans, Not Private Investors Darkness: Life in Puerto Rico without electricity Some Puerto Rican schools reopen without electricity Small Montana firm lands Puerto Rico's biggest contract to get the power back on
(DBN)

Corps of Engineers Costs Top $1B for Puerto Rico , Virgin Islands Work
(DBN)

Rauner’s federal pension idea allows “some level of bankruptcy”
(DBN)

Another Bankrupt State: Creditworthiness Of Connecticut And California Compared
(DBN)

Connecticut Municipalities in Scramble With Hartford & Moody’s
(DBN)

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Oil/Gas:

These countries are banning gas-powered vehicles by 2040 Electric Vehicles Poised to Go Mainstream RIP Combustion Engines: Japan Shows Off Cars of the Future
(DBN)

Rise in Earthquakes Near Texas Oilfields Prompts New Monitoring
(DBN)

U.S. Horizontal Oil Rig Count Decreased in Latest Week
(DBN)

OPEC's Newest Member Is Trying to Stem Decline in Oil Production
(DBN)

The 'sweet spots' fueling the US shale oil boom 'will not last forever,' Saudi Aramco CEO says
(DBN)

______________

Toys:

Hasbro says Toys R Us collapse will hit holiday sales Reuters
(DBN)

______________

Healthcare:

Wall Street is starting to worry about what Trumpcare is doing to hospitals
(DBN)

Obamacare's 'original sin' is still the biggest problem with US health care
(DBN)

How Iowa Became An Obamacare Horror Story
(DBN)

______________

Weather:

Fire loss total surges to 8,400 structures in Northern California False and inflammatory claim about deadly Wine Country fires California's wine country wildfires near containment even as structure loss grows California's wildfires, by the numbers California launching fire clean-up 'for the record books'
(DBN)

Why Banks Want to Save Flood Insurance Plan
(DBN)

______________

Personal Finance:

1 in 3 of your friends might ditch you over a debt of just $100 — or less
(DBN)

15 things you can do today to build wealth in the future
(DBN)

Mark Cuban: Why you should buy a two-year supply of toothpaste
(DBN)

______________

Taxis:

Uber may have reached a tipping point in New York City — and that's bad news for taxis
(DBN)

______________

Fraud:

A former HSBC executive has been found guilty of fraud in a $3.5 billion currency trade
(DBN)

______________

Corporate Reform:

Treasury Department sides with Wall Street, against federal consumer watchdog agency on arbitration rule
(DBN)

______________

Maritime:

Remaining South Korean lines making waves to restore faith after Hanjin crash
(DBN)

______________

Tech:

Orrick Team Leads Lily Robotics Through Final Stage of Novel Bankruptcy Case
(DBN)

______________

Retailing:

Neiman Marcus, Talbots and Land's End among those added to new Fitch watch lists
(DBN)

Where Internet Orders Mean Real Jobs, and New Life for Communities
(DBN)

The Toys R US bankruptcy is going to have a big impact on holiday sales, Hasbro says Toys ’R’ Us Bankrupcy Has Hasbro Cautious On Earnings: Townsend Toys R Us bankruptcy won't stop Hasbro from selling its toys there, Hasbro CEO says Hasbro Tumbles After Toys ‘R’ Us Bankruptcy Rocks Sales Outlook
(DBN)

Retail Apocalypse? The Sky Isn't Falling -- The Sector Is Just Evolving
(DBN)

Target says customers want it to cool the "Christmas creep"
(DBN)

______________

Aviation:

Island Air to use cash collateral until final bankruptcy hearing next month
(DBN)

______________

Nuclear:

Pushing risk off a cliff: how Westinghouse ended up in bankruptcy
(DBN)

Hedge fund Baupost snaps up claims against Toshiba
(DBN)

______________

Education:

We Libertarians Were Really Wrong About School Vouchers
(DBN)

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New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (21 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (10 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:

Weekly Bankruptcy Claims Trading Activity
(DBN)

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Subordination:

Bankruptcy Law Is More Ambiguous Than We Thought
(DBN)

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Sales:

Are You Breaking Up with Me? Termination Fees in Bankruptcy Called into Question.
(DBN)

______________

Interest:

Momentive U-turn: Efficient Market Cramdown Rate Gains Momentum with Second Circuit Decision
(DBN)

Second Circuit Allows Efficient Market Interest Rates For Cramdown Loans
(DBN)

______________

UCC:

UCC Update – Don’t Space Out on UCC-1s - Extra Space In Debtor's Name Causes Secured Creditor To Become Unsecured
(DBN)

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Third Party Releases:

Two Recent Bankruptcy Court Decisions on Third-Party Releases Highlight Divergent Approaches to the "Operative Proceeding" Analysis
(DBN)

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Cross-Border:

SDNY Ruling Restricts Involuntary Bankruptcy Filings Against Chapter 15 Debtors
(DBN)

Chapter 15 developments: United States courts enforce Canadian restructuring plans
(DBN)

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Awards:

TMA 2017 Turnaround and Transaction of the Year Awards
(DBN)

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Automatic Stay:

Parking Authority Sanctioned for Causing Emotional Distress From Car Towing
(DBN)

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Safe Harbors:

Supreme Court to decide scope of safe harbor protections against avoidance claims
(DBN)

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Extraterritoriality:

Extraterritoriality and the Bankruptcy Code: the uncertain reach of US avoiding powers
(DBN)

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TBTF:

Don’t Bank on Bankruptcy for Banks
(DBN)

______________

Reclamation:

Sales of inventory: Third Circuit clarifies the meaning of 'received' under section 503(b)(9) of the Bankruptcy Code
(DBN)

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Priority:

The Secret Life of Priority: Corporate Reorganization after Jevic
(DBN)

______________

Healthcare:

Health insurance through the ACA: Get ready for a wild ride
(DBN)

Hospital M&A Activity Slows in Q3:2017
(DBN)

Trump's Obamacare ad cuts will slash health enrollment by at least 1.1 million, analysis says
(DBN)

Money woes force closure of Thousand Oaks home for dying
(DBN)

Dems aren't negotiating with the White House on health care
(DBN)

Trump says insurers made fortune off Obamacare. They didn't. Trump says insurers made fortune off Obamacare. They didn't.
(DBN)

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Finance:

Chapter 11 Bankruptcy and Loan Covenant Strictness
(DBN)

______________

Mass Torts:

Dismissal of $472 million verdict v. J&J is disaster for talc plaintiffs
(DBN)

______________

UK:

Do the veto rights in your finance agreements really give you an absolute veto?
(DBN)

From Across the Pond – Dissipation of Assets May be Tort Under English Law: Marex Financial Limited v. Garcia [2017] EWHC918
(DBN)

Brexit Talks Are Running Out of Time
(DBN)

London Mayor joins business demands for Brexit transition deal
(DBN)

Couple nicknamed 'vampires of debt' took £7m from firm's clients
(DBN)

MPs told of bankruptcy risk for EBT users
(DBN)

______________

EU:

How the ECB could deliver a shock to markets
(DBN)

______________

PIIGS:

Catalonian Separatists Prepare to Block Rajoy Catalonia Wants to Do What Few Communities Can
(DBN)

Irish Bankers Tarnished Again as Mortgage Scandal Mounts
(DBN)

Alitalia Prepares to Judge Suitors to Lead It Out of Bankruptcy
(DBN)

Monte dei Paschi shares to resume trading after 10-month halt
(DBN)

______________

Canada:

Rising interest rates put many in BC on edge of bankruptcy
(DBN)

Administrator Takes Over Sears Canada Pension Plan
(DBN)

Got a Sears Canada warranty? Here's what you can do
(DBN)

______________

Venezuela:

Venezuela’s Behind on Its Debt and Facing Two Huge Bond Payments
(DBN)

Venezuela's unpaid debt just grew to nearly $600 million, days before a make-or-break deadline
(DBN)

______________

Brazil:

Millions return to poverty in Brazil, eroding ‘boom’ decade
(DBN)

Brazilian phone carrier Oi suffers two setbacks in debt restructuring Oi creditors meeting put off again by bankruptcy judge
(DBN)

______________

India:

India’s Bad Loans: Here is the list of 12 companies constituting 25% of total NPAs
(DBN)w

Five Metal Giants Express Interest In Essar Steel
(DBN)

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Singapore:

Noble's Next Battle Will Be Over $3 Billion in Debt
(DBN)

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Norway:

Norway's Seadrill gets two rival debt restructuring proposals
(DBN)

______________

China:

China's fiscal deficit is going to come in under Beijing's target, says finance minister
(DBN)

What Default? China Growth Keeps Lid on Bond Failure Rate: Chart
(DBN)

______________

Romania:

Number of insolvent firms, up 7.5% year-on-year in Romania
(DBN)

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