October 6, 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

3-Column Formating

 

Law:

Hogan Lovells Sheds Staffers, Confirms Financial Reporting Tweaks
(DBN)

Sedgwick Departures Continue As Chicago Managing Partner Leaves For UK Rival
(DBN)

When Is the Best Time to Make a Lateral Move?
(DBN)

Why Lawyers Won’t Be Replaced By Smart Contracts
(DBN)

That Law Firm's Website Might Not Be for a Real Law Firm
(DBN)

U.S. Deal Value Plunges in Third Quarter
(DBN)

Allen & Overy raises NQ pay but can't match Freshfields
(DBN)

Orrick Taps Consulting Firm for New Diversity, Inclusion Head
(DBN)

Clifford Chance sued for working tax consultant too hard
(DBN)

When the Wachtell Memo Strikes
(DBN)

Oregon Finds Out Easiest Way To Improve Bar Exam Passage Rate Is To Lower Its Cut Score
(DBN)

Trump’s Legal Team Isn’t Playing Well Together
(DBN)

It Happened AGAIN — Another Biglaw Partner Falls For Internet Prank
(DBN)

The hotel where the Las Vegas gunman stockpiled weapons for 3 days could be in legal hot water Republicans signal an opening on regulating 'bump stocks' after Las Vegas Bump stocks were used by the Las Vegas shooter to fire hundreds of rounds a minute — and now they're disappearing from online stores amid high demand NRA breaks silence following Las Vegas shooting, says it may support regulating 'bump stocks' Kellyanne Conway blames Obama for not regulating bump stocks and says Democrats haven't tweeted enough about guns Evidence suggests Las Vegas gunman planned to escape the hotel after his massacre Las Vegas gunman scouted locations in Boston and Chicago, officials say Bump stock rifle innovator was inspired by people who ‘love full auto’
(DBN)

America's shifting views on racial discrimination
(DBN)

Preet Bharara Keeps It Real About His Political Ambitions
(DBN)

4 Trends Shaping The Future Of The Legal Profession
(DBN)

Schools Step Up To Assist Puerto Rican Law Students Displaced By Hurricane Maria
(DBN)

New Ranking Pegs Duke As Top Law School, Yale Falls To Number Three — Commence Panic
(DBN)

'These are things we've never seen before': The Russia investigation is moving into uncharted territory Mueller reportedly interviewed the author of the Trump-Russia dossier — here's what it alleges, and how it aligned with reality
(DBN)

White House crafting hardline proposal that could tank DACA deal Suit by immigrant groups and Dreamers says DACA rescission is ‘a double cross’
(DBN)

Sessions reverses transgender federal worker protection policy Jeff Sessions Memo, Reversing Transgender Protections, Further Inflames Divisions The Department of Justice Takes a Stand Against Transgender Rights in the Workplace
(DBN)

DA returns campaign contribution from Trump lawyer after reporters ask about dropped condo probe D.A. overruled his staff after a visit from a top donor: Trump attorney Marc Kasowitz
(DBN)

Trump calls on the Senate body investigating his Russia ties to instead probe 'Fake News Networks'
(DBN)

A Federal Investigation Into ‘Reverse-Discrimination’ at Harvard
(DBN)

Ashley Judd has accused Harvey Weinstein of harassment as part of a bombshell NYT report Harvey Weinstein allegedly harassed women for decades, the NY Times reports Weinstein's Many Excuses After Harassment Allegations Harvey Weinstein to take a leave of absence amid harassment claims Harvey Weinstein plans to sue The New York Times for a reported $50 million over its bombshell harassment expose What Harvey Weinstein's Apology Reveals
(DBN)

What Lawyer Would You Hire If You Were Totally Screwed?
(DBN)

This new office ‘status symbol’ shows exactly how depressing work really is
(DBN)

Michigan mom who ignored consent order to vaccinate her son sentenced to 7 days in jail
(DBN)

The 5 most annoying changes in the new iPhone update — and how to fix them
(DBN)

Here are the ages you peak at everything throughout life
(DBN)

Winter Is Coming - to Court
(DBN)

Driving drunk or on drugs in a driverless car should be legal, expert body says
(DBN)

Trump Wants to Censor the Media
(DBN)

Lawyer jailed for pulling hair and calling receptionist a "thick ***t"
(DBN)

In Indiana, law allows sex with 16-year-olds, but bans sending them explicit photos, top court says
(DBN)

______________

Judges:

Remembering R. Glen Ayers (1947-2017)
(DBN)

Sotomayor's Big Question on Gerrymandering
(DBN)

Former Arkansas judge admits he let criminals off the hook in exchange for n--- photos and s--
(DBN)

Judge demolished in extraordinary tribunal
(DBN)

______________

Wall Street:

U.S. stocks holding tight to record levels as investors wait for jobs data Futures point to a weak open on Wall Street, as US jobs report takes center stage
(DBN)

Dow rises 100 points, S&P 500 on track for its longest winning streak since 2013 Dow, S&P 500 and Nasdaq all hit record highs, with S&P streak its best in 20 years
(DBN)

______________

Layoffs:

E-commerce is concentrating jobs, not killing them
(DBN)

______________

Mass Torts:

The Lawyer Who Beat Big Tobacco Takes On the Opioid Industry
(DBN)

______________

Nuclear:

Westinghouse asks for $8.4 million in bonuses to keep top executives at the bankrupt firm
(DBN)

______________

Electricity:

Millions of Texans to see lower utility bills if Austin OKs $9.45 billion bid for Oncor
(DBN)

Sempra Falls on Plan to Issue More Equity to Get Oncor Approved Sempra Gets Less Messy With Texas
(DBN)

______________

Religion:

Up to 50 witnesses for Cardinal Pell abuse hearing
(DBN)

______________

Celebs:

Bankrupt Boris Becker faces debt claim of $71.6 million
(DBN)

______________

Paper:

Bankrupt Southworth Paper given permission to pay wages, benefits
(DBN)

______________

Gambling:

A new Caesars Entertainment to emerge from bankruptcy
(DBN)

______________

Weather:

Tropical Storm Nate headed for Gulf Coast, leaves 22 dead in Central America Tropical Storm Nate takes aim at Mexico, US, after killing 22 in Central America Nate aims at New Orleans amid worries about drainage system
(DBN)

Texas delegation requests $19B in additional Harvey aid
(DBN)

Storm relief strains US military as new report gives sober look at readiness
(DBN)

Growing majority believes global warming is happening
(DBN)

______________

Healthcare:

Judge OKs testimony in malpractice lawsuit
(DBN)

______________

Economy:

A pocket guide to Trump’s candidates for top Fed spot Trump wants a Fed in his image featuring lots of 'cheap credit,' Jim Grant says Here's everything you need to know about the next Fed chair
(DBN)

Hurricanes may have wiped out as many as 125,000 jobs from September
(DBN)

US jobs data could offer a glimpse of a choppy economic future
(DBN)

Weekly Initial Unemployment Claims decrease to 260,000
(DBN)

Goldman: September Payrolls Preview
(DBN)

Firm behind ‘Fearless Girl’ statue underpaid women, US says
(DBN)

Trump's massive tax plan is already hitting some big roadblocks House passes $4.1 trillion budget, the first concrete step toward tax reform Most Americans are clueless about their tax bill, but think Trump's plan won't help Stop acting like tax cuts for the rich are a bad thing White collar vs. blue collar: GOP tax plan threatens to widen party’s divide Paul Ryan is mum on whether GOP will scrap state and local tax deductions Medicaid Up for Cuts to Fund Lower Taxes The GOP Tax Plan Inches Forward Warning signs emerge in GOP's tax reform push
(DBN)

Trump Loves the Middle Class. Up to a Point.
(DBN)

Pimco: This is as good as it gets for the global economy, and it's time to get cautious
(DBN)

These 6 charts explain why some American families are getting far richer than others
(DBN)

AI and robots could threaten your career within 5 years
(DBN)

Trade Deficit at $42.4 Billion in August
(DBN)

Wall Street hasn't been this unsure about America's jobs market in a long time
(DBN)

We asked 6 big money investors about their biggest market fears — and they all had the same answer
(DBN)

GE: First the Corporate Jets, Now Exec's Cars
(DBN)

IMF chief: Economic recovery takes hold in most of the world
(DBN)

One in five American children live with hunger
(DBN)

Married Americans Are More Unhappy Than Ever
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

______________

Real Estate:

Judge Orders Bank of America to Redo Settlement in Mortgage Dispute
(DBN)

5th Cir. Holds Non-Compliance With Texas Foreclosure Rule Did Not Void Foreclosure
(DBN)

‘High-cost housing refugees’ are bringing the real estate crunch into Middle America
(DBN)

A new way to buy a home—crowdfunding the down payment with no money of your own
(DBN)

Housing affordability remains at decade low in Q3
(DBN)

____________

Municipalities:

Puerto Rico's bonds in the balance
(DBN)

Puerto Rico's pension system was in crisis. Hurricane Maria made it into a catastrophe.
(DBN)

Puerto Rico's recovery depends on debt forgiveness
(DBN)

Elon Musk says that, if given the green light, he can power Puerto Rico
(DBN)

A $15 billion hedge fund is going to 'take a look' at buying crushed Puerto Rico bonds
(DBN)

Puerto Rico Risks Shutdown Awaiting Hurricane Funds
(DBN)

Trump sounded baffled by the process of water purification during his visit to Puerto Rico Don’t assume Puerto Rico’s outrage will permanently damage Trump’s reputation Trump Approval Rating Not Hit By Puerto Rico Crisis
(DBN)

John McCain is right—It's time to permanently ease shipping rules for Puerto Rico
(DBN)

6 reasons why Puerto Rico slid into financial crisis
(DBN)

The road to recovery for Puerto Rico
(DBN)

FEMA removes stats on Puerto Rico recovery from website
(DBN)

Puerto Rico's governor says 'let's talk' after Elon Musk says Tesla can rebuild island's power grid
(DBN)

What the Hurricane Maria migration will do to Puerto Rico — and the US
(DBN)

States' aid to Puerto Rico delayed by slow request, money woes
(DBN)

Trump should honor his short-lived promise to 'wipe out' Puerto Rico's debt Trump Wants Puerto Rico Debt Handled in Court, Not Wiped Out
(DBN)

Trump Makes Gauging Puerto Rico Bondholder Losses Harder
(DBN)

Puerto Rico Bonds and Cream Coins
(DBN)

Trump Could Push the Justice Department Into Puerto Rico’s Debt Fight
(DBN)

Detroit mayor unveils $125 million bond plan to aid neighborhoods
(DBN)

New Chicago debt structure wins initial approval
(DBN)

Bankruptcy could bring responsibility to Hartford
(DBN)

Oklahoma health officials warn of dire budget consequences
(DBN)

Which American Cities Will File Bankruptcy Next?
(DBN)

______________

Oil/Gas:

Electric cars will wipe out oil demand equal to Iran's output by 2025, Barclays says
(DBN)

Oil rises as talk of new OPEC deal offsets booming US exports
(DBN)

US oil exports will keep booming after hitting record 2 million barrels a day, analysts say
(DBN)

GulfMark Offshore Announces Confirmation of Plan of Reorganization
(DBN)

This is the line in the sand for crude oil
(DBN)

Oil at $50 Has Energy Companies Selling Debt Like It's 2014
(DBN)

Oil Prices May Hit $60 By End Of 2017
(DBN)

______________

Cybersecurity:

Senators want answers on Equifax $7 million no-bid contract to protect consumer data
(DBN)

______________

Banking:

Federal judge refuses to toss shareholder suit against Wells Fargo executives
(DBN)

A Tough Week for Banks Hounded by Scandals and Politics
(DBN)

______________

Corporate Reform:

Richard Cordray Gives No Signal of Departure Plans as CFPB Finalizes Payday Rule The CFPB Gets Its Payday-Lending Rule Right
(DBN)

______________

Retailing:

Mall owner rebrands itself amid 'retail apocalypse' narrative
(DBN)

Toys R Us recalls nearly 30,000 Infant Wiggle Balls for choking hazard
(DBN)

Bankrupt U.S. retailers begin to catch a break
(DBN)

Chapter 22: Why Some Retailers Emerge from Bankruptcy Only to File Again
(DBN)

True Religion Reorganization Plan Wins Confirmation
(DBN)

______________

Pensions:

States Give Out Tax Monies as Pensions Suffer American public pensions suffer from a gaping hole
(DBN)

______________

New Bankruptcy Opinions
(2 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (11 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)

______________

Litigation:

Federal Judges Get New Resource on Electronic Discovery
(DBN)

Want To Talk Settlement? Ditch The Biglaw Bulldogs
(DBN)

5 Tips To Ensure Proper Deposition Behavior
(DBN)

______________

Safe Harbors:

Supreme Court to Consider Statutory Safe Harbor for Debtors' Pre-Petition Securities Transactions
(DBN)

______________

Jurisdiction:

Marathon Pipe Line: An Interview with the Lawyer Who Argued the Case and the Judge Who Decided It
(DBN)

______________

Bankruptcy Alternatives:

The Growing Use of Receiverships and Assignments for Benefit of Creditors
(DBN)

______________

Structured Dismissal:

Is Jevic Really About Structured Dismissals?
(DBN)

______________

Bankruptcy Remoteness:

US Bankruptcy Filing Limitations - How Far Can You Go?
(DBN)

______________

Cross-Border:

Creating COMI – Are attitudes shifting towards COMI shifting?
(DBN)

______________

Sales:

Double Whammy: In a Sweeping New Opinion, the Ninth Circuit Creates a New Mechanism for Completely Wiping Out Unexpired Leases in Bankruptcy, and Also Undercuts a Critical Protection for Buyers in 363 Sales
(DBN)

______________

Arbitration:

Federal Arbitration Act Needs a Bankruptcy Exception
(DBN)

______________

Valuation:

Ninth Circuit Reverses Course on Measure of Collateral Value in Cramdown Confirmation of Chapter 11 Plan
(DBN)

______________

Consumer Finance:

New rules aim to curb payday loan abuses
(DBN)

______________

Logistics:

Amazon is reportedly going to start its own delivery service — sinking shares of UPS, FedEx
(DBN)

______________

Student Debt:

Navient used ‘deceptive practices’ on student loans, PA attorney general alleges
(DBN)

Not doing this when you apply for student loans could cost you
(DBN)

Federal Student Loan Default Rates See Slight Uptick
(DBN)

______________

Solar:

Solar tariff foes take case to White House
(DBN)

_____________

Politics:

Trump's ex-wife claims he offered her an ambassadorship when he became president
(DBN)

CIA director Pompeo considered to replace Tillerson Tillerson Never Had a Chance Under Trump
(DBN)

Study: Americans more divided along party lines than ever America's Political Divide Intensified During Trump's First Year As President
(DBN)

New data shows that Russian propaganda may have been shared billions of times on Facebook
(DBN)

Treasury IG report finds 'no violation of law' in Mnuchin's private jet travel
(DBN)

White House reporter says 'things got weird' during a photo-op between Trump and military officials ‘Maybe it’s the calm before the storm,’ Trump cryptically says at military gathering
(DBN)

How Breitbart Courted the Alt-Right Takeaways from Leaked Breitbart Documents
(DBN)

GOP Rep: Liberals Behind Charlottesville Nazis
(DBN)

John Kelly's personal cellphone was compromised, White House believes
(DBN)

______________

UK:

A shortage of 'desperately needed' EU workers is making it harder for British firms to find staff
(DBN)

Tesco accountants 'falsified documents' to hide £250 million black hole, court hears
(DBN)

______________

PIIGS:

EU commissioner says Spain could be on the cusp of a 'very disturbing' civil war If Catalonia goes independent, these places could be next Catalans Would Pay a High Price for Independence Bring Catalonia Back From the Brink
(DBN)

______________

Japan:

A 31-year-old's 'death from overwork' causes Japan to rethink work-life balance
(DBN)

______________

Mongolia:

Debt-ridden Mongolia asks IMF to resume economic bail-out
(DBN)

______________

India:

Telecom: Nearly 150,000 jobs at risk, due to debt-ridden sector
(DBN)

______________

Brazil:

Brazil's Anatel delays decision on Oi request over fines
(DBN)

______________

France:

Declaration of debts by French debtors- creditor vigilance is still required!
(DBN)

______________

Malaysia:

Amended insolvency 1967 act to reduce bankruptcy cases
(DBN)

Insolvency Dept to clear 10000 bankrupts per year for next five years
(DBN)

______________

Venezuela:

Venezuela’s Restructuring: A Realistic Framework
(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 reach us at 281-402-3957 or 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