February 13, 2018

The Daily Bankruptcy News

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Law:

Survey Says Jones Day, Skadden, Latham Have Other Brands Beat Jones Day is strongest law firm brand in the US
(DBN)

Strong Fourth Quarter for Law Firm Market
(DBN)

Why Virtual Law Firm Growth Is Outpacing BigLaw
(DBN)

Increases in law school applicant pool and those with high LSAT scores likely, professor says
(DBN)

NIU Law to charge same tuition for residents and nonresidents Law School Does Away With Out-Of-State Tuition, Watches Applications Pile Up
(DBN)

Western Michigan-Cooley Seeks Confidential ABA Law School Accreditation Records Dating Back To 2010
(DBN)

Crowell & Moring Profits Fall Sharply After Rapid Rise
(DBN)

White & Case City revenue soars 13% as global turnover reaches record high of $1.8bn
(DBN)

Prosecutors Admit They Are No Closer To Arresting Other Suspects In Dan Markel's Murder
(DBN)

4 Ways Companies Should React When GCs Behave Badly
(DBN)

The Most Lawyers In The World
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2018 Applicant Pool Projection Update: Good News For Highly-Ranked Law Schools
(DBN)

Lawyer Killed in Grand Canyon Helicopter Crash
(DBN)

Teaching technology: how firm got to grips with artificial intelligence
(DBN)

97% of cybersecurity leaders are evaluating vendor security, including law firms, says new survey
(DBN)

Adviser Who Traded On Tip From Atty Gets 6 Months In Prison
(DBN)

Former In-House Lawyer Disciplined For Ratting Out GE
(DBN)

Getting In Over Your Head As An Attorney
(DBN)

Top Justice Department official Brand quit partly over fear she might be asked to oversee Russia probe No. 3 lawyer at Justice Department is leaving; what does it mean for the special counsel probe? Anti-Trump Harvard Law prof Laurence Tribe falsely claims dossier source killed in Russia plane crash Dems Take Another Shoot at Memo Release How Democrats could release their memo without Trump’s approval Trump Would Be Crazy to Sit with Mueller. Mueller Would Be Crazy to Insist.
(DBN)

8 legal experts on what due process is in law, culture, and the context of #MeToo Rob Porter's ex-wife pushes back against Trump defense A female executive at Steve Cohen's investment firm says it created a hostile work environment toward women
(DBN)

Trump campaign co-chair, former judge, gets 20 years for abuse and trafficking teens
(DBN)

Officer fired for not shooting black suspect wins $175,000
(DBN)

After Texas church massacre, military adds 4,000 names to gun ban list
(DBN)

Man charged with buying gun for felon accused of killing two officers
(DBN)

MN: Harper Lee, Mark Twain Banned in Schools
(DBN)

Star Prosecutor Turned TV Commentator Just Got Caught Doing Some Dirty Tricks
(DBN)

Does ideology influence editors’ law review picks? Study finds a correlation
(DBN)

Northwestern Students Get A Delicious Taste Of ‘Masterpiece Cakeshop’ Case
(DBN)

Ex-Skadden Partner Avoids Jail, But Gets Disbarred Over Child P--- Conviction
(DBN)

NYC developer must pay $6.7M for painting over graffiti art, judge rules
(DBN)

That Includes You, Sticky
(DBN)

Steve Wynn Is About to Lose Even More After Giving Up on a Legal Battle With His Ex-Wife
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Judges:

Ginsburg: Sexism "played a prominent part" in Clinton's loss
(DBN)

Ginsburg (Again) Holds Forth On Politics, Hillary Clinton, and Sexism
(DBN)

Justice Ruth Bader Ginsburg Likes ‘Most’ Of Her Supreme Court Colleagues
(DBN)

Republican lawmakers are increasingly showing disdain for decisions made by the judicial branch—and by extension the rule of law
(DBN)

As Washington Splits Over Trump, Four Justices Seek Consensus
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Wall Street:

Third-straight win for U.S. stocks in doubt as Dow futures tumble more than 100 points US stocks are headed for a negative open, with earnings in focus
(DBN)

European stocks run into the red as Wall Street sets course for pullback
(DBN)

Dow surges 450 points as stocks bounce back from their worst week in 2 years Dow Adds 500 Points as Stocks Rise After Two Turbulent Weeks
(DBN)

Goldman and Bridgewater see a bigger market shakeout coming
(DBN)

Market volatility shows that tax reform is a big business test of our time
(DBN)

If Donald Trump really is like JFK, it could get even uglier for the stock market
(DBN)

Pantheon Economist Says Markets Are 'Pivoting Towards a Nasty Fiscal Story'
(DBN)

This beloved stock indicator can no longer be trusted, says Mark Hulbert
(DBN)

Here’s the nagging question at the heart of the stock-market selloff
(DBN)

Investment Banking Associate Leaving Deutsche Bank Writes Master Class Email On How To Leave Deutsche Bank
(DBN)

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Layoffs:

Amazon is cutting hundreds of corporate employees, says report
(DBN)

Thousands of mortgage lending jobs at risk as refis drop
(DBN)

‘It just makes sense’ to replace workers with machines: Jack in the Box CEO
(DBN)

A.I. will be 'billions of times' smarter than humans and man needs to merge with it, expert says
(DBN)

Barnes & Noble cuts staff after dismal holiday season
(DBN)

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Currency:

Criminals in Europe are laundering $5.5 billion of illegal cash through cryptocurrency, according to Europol
(DBN)

Hedge fund manager: I believe so strongly in bitcoin and other cryptos I put nearly all my money in them
(DBN)

JPMorgan Warns: There's a 'fairly high risk' bitcoin could get cut in half
(DBN)

So far it looks like very few US citizens are telling the IRS about their crypto trading
(DBN)

Millions of Missing XRB Have Left BitGrail Exchange Insolvent
(DBN)

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Retailing:

The Year Brick & Mortar Got a Bankruptcy Makeover
(DBN)

Toys “R” Us Pays Landlords for Their Consent to Extend Bankruptcy Deadline
(DBN)

An unlikely company has the most to gain if Sears closes all its stores As Sears shutters more stores, these retailers could see gains
(DBN)

Here's what's killing Sears
(DBN)

Shoppers lash out at each other over L.L. Bean’s new return policy
(DBN)

Amazon is laying off hundreds of employees — and it shows the danger Seattle and HQ2 face by hitching their prosperity to the tech giant
(DBN)

'We can only take so much abuse': Whole Foods suppliers slam 'hellacious' new policies and say rising costs are hurting business
(DBN)

H&M and others seeking digital transformation are between a rock and a hard place
(DBN)

Is America in a Retail Apocalypse? Ask Yelp
(DBN)

The Mall is dead, long live the Mall!
(DBN)

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Guns:

Beleaguered gunmaker Remington points to bankruptcy court
(DBN)

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Banking:

Wells Fargo sends 38,000 erroneous letters in auto flub
(DBN)

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Solar:

Three Canadian solar panel companies sue U.S. over tariffs
(DBN)

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Fraud:

Madoff Trustee Gets $76.5 Million From Austrian Feeder Fund
(DBN)

Shkreli Seeks Light Sentence, Saying His Victims Profited
(DBN)

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Consumer Finance:

Letting the Money Changers Back in the Temple
(DBN)

Deregulation Comes to Consumer Finance
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Media:

SFX Founder Robert Sillerman Files For Bankruptcy, Says Clickbait Company Might Too
(DBN)

He Predicted The 2016 Fake News Crisis. Now He's Worried About An Information Apocalypse.
(DBN)

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Corporate Reform:

White House Wants to Cut CFPB Funding
(DBN)

Mulvaney unveils sweeping plan to dramatically alter CFPB
(DBN)

Congress Would Control CFPB Under White House Budget Proposal
(DBN)

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Economy:

U.S. inflation expectations drop in January: New York Fed survey
(DBN)

Households Are Borrowing More to Fuel Spending, Wells Fargo Says
(DBN)

Fed officials sound almost glib discussing stock-market correction
(DBN)

U.S. Industrial Production Since 1967
(DBN)

Trump’s regulatory rollback for the U.S. economy is a dud — so far
(DBN)

US 10-year Treasury yield rebounds, hits 4-year high above 2.9%
(DBN)

Ray Dalio: 'Risks of a recession' are rising
(DBN)

Trump Proposes $4.4 Trillion Budget for Fiscal 2019 White House Proposes $4.4 Trillion Budget That Adds $7 Trillion to Deficits Trump budget trifecta: Plan aims to gut Obamacare, roll back Medicaid expansion, cut Medicare The massive $500 billion budget deal could be coming at exactly the wrong time for the economy Trump budget would boost defense funding, slash domestic spending Trump sends Congress $4.4 trillion spending plan Trump budget calls for 2% reductions in discretionary spending after 2019 Trump budget proposes steep health care cuts Trump's budget plan may delay future tax refunds Trump's budget hits poor Americans the hardest Trump’s Proposed Budget Slashes Funding for Clean Energy Programs Trump Budget: Slash Diplomacy, Aid Money 22 Agencies & Programs Trump Wants to End Trump Budget: Higher TSA Fees for Air Travel The NASA Space Telescope Trump Wants to Cancel Trump wants to overhaul America’s safety net with giant cuts to housing, food stamps and health care Trump wants to slash food stamps and replace them with a ‘Blue Apron-type program’ Trump's budget calls for six weeks' family leave Trump Budget: Slashes Amtrak Funding Trump Budget Slashes Funding for Housing Department Who Produced Trump's Budget? Not Trump Trump budget is mostly fan fiction for Republicans All the Trump Budget Cuts Congress Will Ignore Trump's Budget: Oceans of Red Ink Forever
(DBN)

Lessons learned from Congress's recent budget deal
(DBN)

Trump’s budget forecasts a doubling of deficits Conservatives lash out at GOP spending binge Trump's economic policy is rooted in debt The Trump budget's big deficit increases Trump Budget: $3 Trillion in Cuts and Still Trillions in Deficits The era of Trump deficits has begun Analysis: Trump policy sees only good in borrowing, debt
(DBN)

Investors just haven’t grasped what mind-boggling U.S. budget deficit means for stocks
(DBN)

Trump proposes a 'reciprocal tax' on trade
(DBN)

Trump’s new problem: There’s growing talk of a downturn in 2019
(DBN)

Washington is lighting an economic fire, and 'people should be spooked'
(DBN)

Trump is announcing a huge $1.5 trillion infrastructure plan — here's what's in it Five Key Numbers From President Donald Trump’s 2019 Budget States Carry the Load in Trump's Infrastructure Plan What the '$1.5 Trillion Infrastructure Plan' Really Pays For Trump rolls out infrastructure plan hinged on state, private dollars Trump infrastructure plan to ask states for big bucks Alaska GOP senator: Trump's massive infrastructure plan may help underserved rural states like mine Here’s where the money goes in Trump’s new infrastructure plan Trump on infrastructure: "Let's see how badly you want it" Trump is using his famous renovation of a New York City ice rink to sell his infrastructure plan Trump's infrastructure plan rests on some rickety assumptions Trump Infrastructure Plan Hits Blue States Trump’s infrastructure proposal, explained
(DBN)

Trump is getting more credit for the economy
(DBN)

Bill Gates thinks Trump's 'America First' stance is damaging to the world
(DBN)

Small-business sentiment throttles higher, as plans to expand hit record high, NFIB says
(DBN)

Lending by big banks to small businesses hits a record high, study finds
(DBN)

This is the real reason many Americans stay poor
(DBN)

Which technology in Netflix’s ‘Black Mirror’ will change our lives first? This four-legged robot can open doors, and we’re all doomed
(DBN)

Trump administration mulls sale of Dulles, Reagan airports
(DBN)

A record number of states saw well-being worsen last year
(DBN)

Port of Long Beach: Record Port Traffic in January 2018
(DBN)

Americans Expect Biggest Pay Jump in Years
(DBN)

Report: Here are the cities with the most credit card debt
(DBN)

Inside the Free Fall in U.S. Leadership Ratings in 2017
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Here's how a 5% mortgage rate would roil the US housing market
(DBN)

10th Cir. Holds Borrower’s FDCPA, Other Claims Not Barred by Rooker-Feldman After Non-Judicial Foreclosure
(DBN)

"Mortgage Rates Steady at 4-Year Highs Despite Warning Shots"
(DBN)

AIA Forecast: 4% increase in Nonresidential Construction in 2018
(DBN)

Milwaukee: The House of Fraud
(DBN)

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Municipalities:

Recovering Administrative Claims in Chapter 9 Bankruptcy and Title III of PROMESA
(DBN)

Cash-hungry states betting Supreme Court will legalize sports gambling
(DBN)

Power plant explosion, fire causes new Puerto Rico blackout '5 months without power': Blackout is latest snag in Puerto Rico's long recovery from Hurricane Maria Puerto Rico officials say power back to most after blackout
(DBN)

Proposed loan for Puerto Rico's utility cut to $1 bln
(DBN)

Puerto Rico's ongoing nightmare shows no sign of going away
(DBN)

Murphy creates commission to aid Puerto Rico
(DBN)

Board: Puerto Rico needs reforms, pay portion of debt
(DBN)

ABI to Raise Funds for Puerto Rico #PuertoRicoFuerte
(DBN)

Media Ignoring Puerto Rico's 'Shock Doctrine' Makeover
(DBN)

Puerto Rico to receive $11 billion in disaster aid. Advocates warn it won't be enough
(DBN)

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Oil/Gas:

Bankrupt U.S. energy producer Breitburn rebuffs $1.8 billion bid
(DBN)

Seadrill: More Recovery For Unsecured Creditors
(DBN)

How the oil boom is changing U.S. energy policy
(DBN)

Mineral Rights Part of Debtor’s Estate Per Bankruptcy Court
(DBN)

US oil's 'extraordinary' growth could overwhelm the market and weigh on prices, IEA warns
(DBN)

Oil is in a correction, and could plunge even further
(DBN)

Oil prices settle flat, steady after a week of losses
(DBN)

U.S. rig count spikes
(DBN)

Shale surge? No problem, says OPEC
(DBN)

Is This The Beginning Of A Downturn In Oil?
(DBN)

Crude Halts Decline as Demand Seen Burning Through Shale Output
(DBN)

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Politics:

Peter Morici: Inequality will drive the midterm elections
(DBN)

Donald Trump's Inaugural Committee Still Won't Say What It's Doing With Its Leftover Money
(DBN)

Steve Bannon warns that women are going to 'take charge of society' Steve Bannon Is Rightfully Terrified by the Power of Oprah
(DBN)

Porter's ex-wife "floored" by Trump's response to assault allegations White House: Trump supports victims of domestic violence
(DBN)

EPA chief's travel habits pushed taxpayer-funded costs to at least $90,000 in just a few days
(DBN)

Chuck Schumer: Democrats can't just run against Trump in 2018 midterms
(DBN)

9 questions about the Senate immigration debate you were too embarrassed to ask What to expect from this week’s Senate immigration debate Polls show Americans are closer to Democrats than Donald Trump on immigration Mitch McConnell throws his weight behind immigration bill that mirrors Trump's demands 'We don't dislike each other': McConnell, Schumer display unity on eve of immigration debate The Truth in Donald Trump's Tweets A viewer's guide to the immigration debate Trump pushes his immigration deal, calls it the 'last chance' to pass Advancing Dreamer Bill: Cruz Only No Vote
(DBN)

Trump wants a military parade “just like France’s.” It’s likely to look more like China’s.
(DBN)

Democracy continues its disturbing retreat
(DBN)

Trump Jr's wife gets precautionary hospital visit after exposure to powder
(DBN)

7 Governorships the GOP May Pick Up in 2018
(DBN)

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Autos:

Takata Paves Way For Ch. 11 Exit With Tort Committee Deal
(DBN)

Takata Settles Airbag Recall, But Millions Of Car Owners Still Waiting For Replacements
(DBN)

Air bag danger: Ford adds 33,000 Rangers to do-not-drive list
(DBN)

Self-Driving Cars Will Kill Things You Love (And a Few You Hate)
(DBN)

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Weather:

Sea Levels Are Surging at Faster and Faster Rates as Antarctica and Greenland Melt, Satellite Data Reveals
(DBN)

TX: 'Hundreds of millions' of dollars to mitigate future floods, disasters
(DBN)

Houston-Area Officials Approved a Plan for Handling a Natural Disaster — Then Ignored It
(DBN)

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Religion:

Judge allows two claims in diocese sex abuse case to proceed in district court
(DBN)

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Gambling:

Tinian Dynasty Operator Broke, Can't Afford Lawyer
(DBN)

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Biofuels:

Refiner who Blamed RFS Costs for Chapter 11, Responds to Critics
(DBN)

Cruz battles ethanol industry over national biofuels mandate
(DBN)

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New Bankruptcy Opinions
(9 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (20 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)

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Bankruptcy Statistics:

Weekly Bankruptcy Claims Trading Activity
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Contracts:

The Importance of Signatures: General Motors’ Unsigned But Fully Negotiated Deal Not Enforceable
(DBN)

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Secured Debt:

Secured Transactions and Financial Stability: Regulatory Challenges
(DBN)

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Bankruptcy Crimes:

Couple sentenced for concealing millions during bankruptcies, tax fraud
(DBN)

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IP:

The First Circuit Casts a Shadow on Sunbeam
(DBN)

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Cross-Border:

The Rule In Gibbs: Safeguarding Creditors’ Rights Or Aiding And Abetting "Hold Out" In Foreign Insolvencies?
(DBN)

Can your contractual debt rights be altered by a decision made in a foreign bankruptcy court?
(DBN)

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Litigation:

How Litigators Evade The Question Of Trial Experience
(DBN)

UK litigation funders' war chests hits £1 billion
(DBN)

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Guns:

Cerberus's Remington Will Cede Control to Lenders in Bankruptcy Cerberus loses stake in Remington after agreement reached to file for bankruptcy
(DBN)

Trump slump? Remington files for bankruptcy amid declining gun sales Remington bankruptcy: Gunmaker reaches financial deal, filing imminent Remington Is Planning to File for Bankruptcy Gunmaker Remington to File for Bankruptcy Protection as Sales Slide A major American gunmaker embroiled in controversy reportedly plans to file for bankruptcy — and Trump's election may have been the final nail in the coffin
(DBN)

Remington bankruptcy linked to defective products, MT critic of company says
(DBN)

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Shipping:

UPS keeps sliding after Amazon's entry into the shipping business
(DBN)

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Travel:

Southwest was forced to cancel hundreds of flights because it couldn't de-ice its planes — and customers are furious
(DBN)

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Celebs:

US Olympian Adam Rippon was once so broke he stole apples from the gym
(DBN)

Vick Bankruptcy Case Officially Closed ... After Paying Back $17 Mil
(DBN)

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Cybersecurity:

Driver's license, credit card numbers: The Equifax hack is way worse than consumers knew
(DBN)

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Healthcare:

Judge awards bone cement victims
(DBN)

Health insurer loses $73 million after Trump halts ACA subsidies
(DBN)

Aetna Under Investigation After Former Exec Admits Denying Care Without Reading Patient’s Records
(DBN)

Trump budget trifecta: Plan aims to gut Obamacare, roll back Medicaid expansion, cut Medicare
(DBN)

Trump Pick for Indian Health Services Cites Business Savvy, but Financial History Show Struggles
(DBN)

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Electricity:

Big Batteries Are Taking Business From Peaker Plants Grid Batteries Will Hurt Wholesale Power Generators
(DBN)

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Entertainment:

Sale of Harvey Weinstein's company up in air after lawsuit Q&A: Lawsuit halts sale of Weinstein's movie studio
(DBN)

Victims Must Outrank Stakeholders in Sale of Weinstein Co. State AG’s suit says Weinstein Company violated civil rights laws by covering up harassment Weinstein Co. Purchase Offer Deemed Unacceptable by New York AG
(DBN)

If Weinstein Co Bidder Withdraws, Expect 'Instant Bankruptcy' Weinstein Co. Could Be Headed For Bankruptcy As NY AG Files Suit
(DBN)

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Student Debt:

Trump's budget ends student loan forgiveness program, slashes repayment options
(DBN)

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Non-Profits:

Homeless group in $25M bankruptcy fight failed to pay rent for mentally ill
(DBN)

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Newspapers:

NYT CEO: Print Dead In 10 Years
(DBN)

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Radio:

Baseball And Radio A Marriage Crumbling Because Of Finances
(DBN)

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Pharma:

Economic cost of the opioid crisis: $1 trillion and growing faster
(DBN)

The drug pricing issue that could erupt this year
(DBN)

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UK:

British govt to transfer over 4,400 Carillion jobs to new providers After Carillion, can capitalism clean up its act? British lawmakers say accountancy firms face questions over Carillion collapse
(DBN)

The analyst who called the 2017 election exactly right says Theresa May could be forced to call a second Brexit referendum
(DBN)

Jamie Oliver chain owes seafood supplier £263k
(DBN)

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PIIGS:

Ireland fines ex-chairman of defunct lender Irish Nationwide
(DBN)

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Canada:

Sears pensioners try to recoup missing money by going after billions paid to shareholders Sears Canada creditors pressure Sears CEO
(DBN)

Third Strike for Ontario Construction Lien Act Deemed Trust in Bankruptcy
(DBN)

More insolvent borrowers using payday loans in Ontario: study
(DBN)

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India:

India's BOI reports third-quarter loss as bad loan provisions spike
(DBN)

India's central bank announces new bad-loan-resolution framework RBI Withdraws Restructuring Schemes In Complete Overhaul Of Bad Loan Framework RBI tightens bad loans framework – banks now must refer large defaulters for insolvency
(DBN)

Very few bids for auction of bankrupt companies
(DBN)

Indian Overseas Bank Q3 loss widens to Rs971 crore as bad loans pinch
(DBN)

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China:

How China Is Getting Serious About Financial Risk
(DBN)

HNA is a microcosm of China's economic ills
(DBN)

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Venezuela:

Venezuelan oil company PDVSA's bonds hit by EMTA market move
(DBN)

Venezuela oil production is plummeting
(DBN)

Human rights body warns of deteriorating conditions in Venezuela
(DBN)

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Australia:

Bankruptcy and personal insolvency agreements
(DBN)

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Hong Kong:

Recent Case On Winding Up Foreign Companies In Hong Kong.
(DBN)

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Mexico:

Comparing Mexico’s Remittances to Every Other Country
(DBN)

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