Daily Bankruptcy News

October 4, 2017

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	Law: James Watson, Karim Kassam and Gabe Tan Join Kirkland & Ellis’ Restructuring Group in London (DBN) The 'More For Less' Challenge in Legal Departments (DBN) Should Law Firms Charge Less or Differently? (DBN) Are Law Firms Charging Less or Just Making Less? (DBN) An Iron Fist in the Velvet Glove of Associate Pay? (DBN) Law firms are no longer trusted advisors (DBN) 4 ways to say 'no' at work and still be seen as a team player (DBN) Email Prankster Targets Another Jared Kushner Lawyer (DBN) California bar spins off its sections amid concerns over liquor spending, resort functions (DBN) Will law firms benefit from Trump tax plan? Details are sketchy (DBN) Yes, Overtime Laws Apply To Law Firms (DBN) Move Over LSAT — As Of Today 6 Law Schools Accept The GRE (DBN) Law Schools Rip Bar Exam Cut Score Recommendations (DBN) Why Solos & Smalls May Need Non-Lawyer Ownership To Survive (DBN) Preet Bharara’s 5 Secrets To Success In The Law (DBN) Four keys to understanding special counsel Mueller’s probe • Mueller Tasks an Adviser With Getting Ahead of Pre-Emptive Pardons • 'Both sides are preparing for a possible showdown': Mueller is delving into Trump's pardon power • Ivanka, Don Jr. Faced a Criminal Indictment (DBN) More than 24 hours after the Las Vegas massacre, nobody understands Stephen Paddock's motive • What we know about the Las Vegas shooter's girlfriend, Marilou Danley • What We Know About Stephen Paddock • Vegas: Trying to Make Sense of the Senseless • Stephen Paddock: An Unmoored Life • Often ‘berated’ his girlfriend in public: report • Las Vegas gunman’s girlfriend returns to US for questioning • Paddock's Girlfriend Used Two Social Security Numbers and Was Married to Two Men at the Same Time • Girlfriend of Las Vegas shooter is met by the FBI at LAX as she arrives back in the US from the Philippines in a wheelchair after police confirmed she IS a person of interest in the case - as details of her 'double life' emerge • Las Vegas gunman was a millionaire with a penchant for guns, high-limit poker, and real estate • The Las Vegas shooter's high-stakes gambling habits are coming into focus as the investigation continues • Las Vegas Shooter Wired $100,000 to Philippines Last Week • Las Vegas mayor rips 'demented' mass shooter in fiery statement: 'May he rot' • 'I see muzzle flashes from the Mandalay Bay': Body camera footage shows police running toward the gunfire amid the Las Vegas mass shooting • Meticulous Planning by Las Vegas Gunman Before He Opened Fire • Trump to visit Las Vegas Wednesday and meet with survivors and law enforcement (DBN) Lawyer whose firm defended casino in Vegas shooter’s tort case says he was ‘slovenly’ and ‘unkempt’ (DBN) Law Student Seriously Injured During Las Vegas Mass Shooting (DBN) Attorney Fatally Wounded During Las Vegas Mass Shooting (DBN) The dark fantasy fueling gun nuts: They buy military weapons ‘to kill American soldiers’? • The percentage of U.S. households with guns is falling • Trump calls Vegas shooting ‘in many ways a miracle’ — then vows to look at gun laws ‘as time goes by’ • For Americans, privately-owned guns are deadlier than war • America Was Once Good at Gun Control • I Once Thought Gun Control Was an Answer • The NRA Praised Nevada’s Most Powerful Lawmakers For Blocking Gun Control • How Did Paddock Get a Weapon of War? • Gunman had a 'bump-stock' device that could convert semi-automatic firearms into fully automatic ones • 2 survivors of Las Vegas shooting speak out against gun control: ‘It’s a tragic cost of freedom’ • In some U.S. states, it’s harder to purchase Sudafed than a gun • Gun-maker stocks rally after mass shooting in Las Vegas • The Las Vegas gunman used a legal device allowing him to fire 400 rounds a minute • Here are the members of Congress who take the most money from the gun lobby (DBN) When We Once Had a Travel Ban on Italians (DBN) Trump Backs Citizenship Path for Dreamers • Trump administration backpedals on citizenship for 'Dreamers' (DBN) DOJ releases overruled memos finding it illegal for presidents to appoint relatives (DBN) Hey Jeff Sessions, THIS Is How You Deal With Protesters At A Law School (DBN) South Dakota inmates get tablets for legal research; state drops paralegal and part-time lawyer (DBN) ______________ Judges: Judicial Nominee Gets Not Qualified Rating (DBN) Ginsburg Slaps Gorsuch Over Gerrymandering •Gerrymandering Opponents Get Mixed Reception at Supreme Court • Justices Show Their Colors in SCOTUS Gerrymandering Case (DBN) ______________ Wall Street: U.S. stocks set to catch their breath after record run • Futures point to a weak open on Wall Street, as data, Yellen remarks set to dominate discussion (DBN) Dow notches 5-day winning streak as stocks close at record highs (DBN) After winning bet against hedge funds, Warren Buffett says he'd wager again on index funds (DBN) Billionaire Warren Buffett says stock valuations make sense with interest rates where they are (DBN) ______________ Layoffs: Shake Shack to open cashless, kiosk-only location in New York City (DBN) ______________ Autos: GM: Death of Gas Engines Starts Now • GM shares jump to record after Bank of America upgrades to buy, citing electric car progress (DBN) Fully Self Driving Cars Just Months Away? (DBN) Marchionne: Electric Cars Not the Answer (DBN) Tesla shares to plunge nearly 40% due to weak Model 3 production: Goldman (DBN) Ford Wants to Slash Costs by $14 Billion (DBN) Denny Hecker released to federal halfway house in Minnesota (DBN) ______________ Gambling: Analyst downgrades MGM Resorts, cuts estimates after Las Vegas attack (DBN) ______________ Awards: Kay Dee Baird Appointed to the American Bankruptcy Institute's Central States Bankruptcy Workshop Advisory Board (DBN) ______________ Aviation: Monarch Airlines Bankruptcy Could Paint a Grim Picture for Airline Short Sellers (DBN) Zetta Jet Moves Forward with Bankruptcy, Continues Ops (DBN) American Airlines' Parker Dismisses History When Boasting That Airlines Won't Ever Lose Money Again (DBN) ______________ Cybersecurity: Congress slams ex-CEO of Equifax during his testimony • Equifax Retained Law Firm a Month Before Notifying Public of Data Breach • IRS awards fraud-prevention contract to Equifax: report •Myths vs. Facts on the Equifax Breach (DBN) Every Yahoo account was affected by 2013 hack, Verizon now says (DBN) It’s time for America and its institutions to stand up to Equifax and Yahoo (DBN) Trump administration wants to replace Social Security numbers with something less vulnerable (DBN) ______________
	Economy: Jeffrey Gundlach believes Neel Kashkari will be next Fed chief because he's an 'easy money guy' (DBN) The top 10 highest-paying jobs in America right now (DBN) Billionaire Warren Buffett: Current corporate tax rate is not hurting our businesses • Does Rand Paul Have a Point About the GOP's Tax Plan? • Warren Buffett: We're holding off selling investments to see how the GOP tax reform plan shakes out • Warren Buffett and Larry Fink criticize Trump's tax plan • An economist explains how Trump's tax plan could be great for rich Americans, but not as good for the middle class • Trump Plan Aims New Foreign Tax at Multinational Companies • Buffett: GOP tax plan is 'not a tax reform act, it's a tax cut act,' and chances of it passing are 'higher than most people think' • Trump is championing pass-through businesses with his tax plan — research shows they helped fuel the rise of the 1% • Four Republican senators who could make or break tax reform • BlackRock CEO says US tax reform plan will have to be amended • How GOP districts fare if a tax deduction is eliminated • Schumer misleads in his GOP tax reform critique • Today's Tax Cuts Are Tomorrow's Tax Increases • Why the GOP tax reform plan could push the Fed into more rate hikes • Taxpayers Might Face Choice of Property Tax, Home Deductions • Which investments would GOP tax plan help -- or hurt? • GOP will revise plan to end state, local tax deductions that split the party • Before they can cut taxes, Republicans need to pass a budget • Tax reform finally faces the flies in President Trump’s ointment • Wall Street says a major fear about Trump's tax plan is overblown • House tax plan 'highly likely' to include fourth rate on wealthy, likely not higher than 39.6%: Source • Republicans Sink to Deceit in Defense of Tax Plan • Why the GOP tax plan could implode • Goldman Sachs: Here's how Trump's tax reform could go wrong (DBN) Mulvaney Used to Scream About Deficits (DBN) Rebuild our rickety roads and bridges through tax reform (DBN) Warren Buffett's new stake in truck stops adds another layer to his big bet on the US economy (DBN) Kevin Warsh would take a hammer to the Fed (DBN) Trump administration weighing executive order on welfare (DBN) Warren Buffett, the world's second richest man, says ending estate taxes would be 'terrible mistake' (DBN) Cost of Gun Violence in America: $45 Billion (DBN) Retail Spending Expected to Rise as Much as 4% This Holiday Season (DBN) The cost of the American dream The cost of the American dream (DBN) Divided U.S. solar sector spars over trade relief (DBN) US Debt Clock (DBN) World Debt Clock (DBN) ______________ Real Estate: The top 2 real reasons more millennials can’t buy homes (DBN) 10 big cities where you can actually afford to buy a home (DBN) This browser plug-in translates cliché-ridden estate agent ads into 'something a little more truthful' (DBN) Tax overhaul plan poses big unknowns for homeowners (DBN) ____________ Municipalities: Puerto Rico’s debt will have to be wiped out, Trump says • Trump says Puerto Rico's debt will have to be wiped out • Trump Suggests Puerto Rico’s Debt May Need to Be ‘Wiped Out’ • Can Trump Rescue Puerto Rico From Its Debt?: QuickTake Q&A • Trump on Puerto Rico debt: 'We will have to wipe that out' • Trump suggests "say goodbye" to Puerto Rico debt (DBN) Trump heads to Puerto Rico to survey hurricane damage • Trump in San Juan: 'I hate to tell you, Puerto Rico, but you've thrown our budget a little out of whack' • Trump Met Mayor He Called Nasty • Trump meets victims, responders in hurricane-ravaged Puerto Rico • Trump: Puerto Rico put budget ‘out of whack’ but lives saved • The president told PR residents to be “very proud” they hadn’t endured a “real catastrophe” like Katrina • Trump Puerto Rico: Be Proud More Didn't Die • Puerto Rico's death toll from Hurricane Maria more than doubles to 34 • Weirdest Moments of Trump in Puerto Rico • Internet recoils after Trump whines Puerto Rico hurricane wrecked budget • Trump threw paper towels into a crowd while visiting hurricane victims in Puerto Rico • What Trump will and won't see in Puerto Rico • Oxfam savages Trump on his “continued failure” to help Puerto Rico (DBN) Puerto Rico Needs More Than Relief—It Needs Reconstruction (DBN) House Republicans seek $1 billion in Medicaid funds for Puerto Rico (DBN) Puerto Rico Governor's Dire Warning: Millions May Flee the Island (DBN) There's a right-wing conspiracy that union truckers are refusing to deliver crucial supplies in Puerto Rico — here's the truth (DBN) Connecticut Towns Grapple With Big Funding Cuts Amid Budget Deadlock (DBN) Lawyers Suing Over Flint Crisis Want Compensation Fund • Flint emergency manager water crisis legal bills hit $300K (DBN) ______________ Oil/Gas: ‘The new OPEC bromance’: How Saudi Arabia and Russia are bonding over oil (DBN) Oil could be hit hard by 3 major geopolitical risks that may be 'coming to a head in October' (DBN) Breitburn Energy faces competing bid to reorganize in bankruptcy (DBN) Offshore rig firms see end to worst downturn in history (DBN) ______________ Weather: Cost of Harvey Recovery Will be Staggering (DBN) Thousands of Caribbean hurricane evacuees arrive at Port Everglades (DBN) Trump to Seek $29 Billion in Disaster, Flood Funding (DBN) ______________ Banking: CEO pledges that Wells Fargo is 'a better bank' than it was during sales scandal • Warren Buffett says Wells Fargo still 'has my faith' •‘What in God’s name were you thinking?’ says senator grilling Wells Fargo CEO • Sen Warren demands firing of 'incompetent' Wells Fargo CEO Tim Sloan • Wells Fargo CEO Defends the Indefensible • Wells Fargo Accused of Lying to Congress (DBN) ______________ Solar: Report shows solar, wind on the march as China surges (DBN) ______________ Agriculture: Struggling family-owned farms continue to disappear (DBN) ______________ Corporate Reform: The hand-to-hand combat to save payday lending (DBN) ______________ Electricity: Ropes & Gray Gets Reconsideration $275 Million Break-up Fee (DBN) ______________ IT: Ciber's Sale Money Divided Up in Court-Filed Plan (DBN) ______________ Diamonds: 15 Indian diamond companies may lose following bankruptcy filed by Antwerp firm (DBN) ______________
	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 (27 new filings today) (DBN) Recent Ch. 11 Adversary Proceeding Filings (101 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: ______________ TBTF: Fed's Yellen says AIG's threat to the financial system's stability is lower after downsizing (DBN) ______________ Bankruptcy Reform: Senate Acts to Ease Pressure on Bankruptcy Courts and Increase Bankruptcy Fees (DBN) ______________ Retailing: Retail trade group sees holiday sales rising 3.6% to 4% this year (DBN) These 55 stores (and counting) will be closed on Thanksgiving (DBN) Mall Vacancy Rate Increased Increased in Q3 2017, according to Reis (DBN) Toys R Us' Bankruptcy to Impact Mattel, Hasbro and Spin Master Financials • Toys R Us bankruptcy marks the end of an era (DBN) Toys R Us and 15 Other Stores That Could Be Bankrupt by the End of the Year (DBN) ______________ Politics: Alleged ringleader of the 2012 attack on US Embassy in Benghazi is now on trial (DBN) NFL Owners Clash in Private Over Protests (DBN) Mattis breaks with Trump and backs US staying in Iran nuclear deal (DBN) Mark Cuban says he probably won’t run for president. But he might (DBN) Tillerson reportedly described Trump as ‘a moron’ and was set to resign in July (DBN) President Trump just set a new standard in his search for flattery, this time in hurricane-ravaged Puerto Rico (DBN) Wisconsin, Michigan were reportedly main targets of Russia-linked ads on Facebook (DBN) Democrats' latest hope for fighting gerrymandering: the Supreme Court (DBN) Scalise: Being Shot Made Me Love Gun Rights (DBN) ______________ Healthcare: GOP Gives Ground to Stabilize ObamaCare (DBN) ______________ Food/Beverage: Le Cirque Is Finally Closing (DBN) ______________ Fashion: What Sophia Amoruso Learned From Nasty Gal's Bankruptcy (DBN) ______________ Coal: West Virginia lawmakers back miner pension bill (DBN) Trump Has a Plan to Save Coal and Hobble Clean Energy (DBN) ______________ Plastics: Struggling Corpus Christi plastics plant project may close (DBN) ______________ UK: Monarch boss "absolutely devastated" after airline's sudden collapse (DBN) 'It has broken me': Tesco accounting scandal 'compromised' staff and sparked resignations (DBN) EU Banks Not Taking Brexit Risks Seriously (DBN) Employee Benefit Trusts and insolvency – the next big thing? (DBN) ______________ EU: EU orders Amazon to pay $294 million in back taxes to Luxembourg (DBN) ______________ PIIGS: Thousands take to streets in mass uprising to bring Spain to its knees • Catalans Take to the Streets in More Protests • Spanish stocks lead Europe lower as Catalonia dispute intensifies • Catalonia's leader: 'We will declare independence in a matter of days' (DBN) ______________ Canada: A Lot Less People Are Filing For Bankruptcy In Vancouver (DBN) Sears Canada Bankruptcy Deals Threaten to Sink Chairman's Bid (DBN) ______________ Australia: Australia: The Dark Side of 26 Years of Growth (DBN) Implications of disclosing restructure plans to creditors when entering safe harbour (DBN) ______________ Brazil: Oi's $19 Billion Bankruptcy Takes ‘Worrisome’ Turn as CFO Quits (DBN) ______________ China: The World Bank says China will grow more than previously expected this year (DBN) ______________ Venezuela: Venezuela's Maduro says debt payments to Russia may be restructured (DBN) ______________

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Law:

Judges:

Wall Street:

Layoffs:

Autos:

Gambling:

Awards:

Aviation:

Cybersecurity:

Economy:

Real Estate:

Municipalities:

Oil/Gas:

Weather:

Banking:

Solar:

Agriculture:

Corporate Reform:

Electricity:

IT:

Diamonds:

Bankruptcy Jobs:

Bankruptcy Statistics:

TBTF:

Bankruptcy Reform:

Retailing:

Politics:

Healthcare:

Food/Beverage:

Fashion:

Coal:

Plastics:

UK:

EU:

PIIGS:

Canada:

Australia:

Brazil:

China:

Venezuela: