February 16, 2018

The Daily Bankruptcy News

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Due to the Presidents' Day holiday, The Daily Bankruptcy News will not publish on Monday, February 19, 2018



Law:

Biglaw Firm Succumbs To Pressure, Gives First-Year Associates A Bonus
(DBN)

Restructuring Partner at Kasowitz Jumps to Stroock Rising Star Daniel Fliman Joins Stroock’s Financial Restructuring Team
(DBN)

Associate Bonus Watch: $10 Starbucks Cards For Top Billers
(DBN)

Ex-American Airlines' GC Describes How the Company Survived Bankruptcy, Tragedy
(DBN)

Few MBA, Law Grads Say Their Degree Prepared Them Well
(DBN)

How To Improve Your Horrendous Law Firm Marketing Efforts
(DBN)

The Law Firm Disrupted: How Predictable Can Litigation Get and How Fast?
(DBN)

ABA removes remedial actions requirements for Ave Maria School of Law
(DBN)

Hogan Lovells Partners With Elevate to Offer Flexible Lawyering Service
(DBN)

Third Circuit Sides With Ex-Simpson Thacher M&A Clerk
(DBN)

ABA offers buyouts to longtime staff in advance of its planned reorganization
(DBN)

Investigation At Stanford Law Ongoing After Professor Receives Suspicious White Substance
(DBN)

Wondering How Blockchain Can Be Used In Legal? Here’s One: Service Of Process
(DBN)

Famous P--- Star Reportedly Attending ‘Top Law School’
(DBN)

Ex-Administrator At Top Law School Pleads Guilty To Embezzlement
(DBN)

No U.S. Law Firm Could Get Away With This
(DBN)

Fake Attorney Convicted In Pa. Of Bogus Nationwide Practice
(DBN)

White House counsel has central role in controversies as he seeks to ‘mollify and protect’ Trump
(DBN)

Bannon meets with House Intel under threat of subpoena Steve Bannon met with Mueller multiple times over the past week Congress: Bannon Refuses to Answer Questions Senate Republicans obtained Susan Rice's email 8 months before they sent her a letter about it Report: Gates close to plea deal with Mueller
(DBN)

'The Words of the President' Doom Trump Travel Ban, Fourth Circuit Says Fourth Circuit Actually Holds President Trump Responsible For His Words Appeals court rules latest Trump travel ban is unconstitutional US court says Trump travel ban unlawfully discriminates against Muslims En banc 4th Circuit says Trump’s latest travel ban is ‘tainted with animus toward Islam’
(DBN)

This bipartisan immigration bill could be the Senate’s last best hope Trump threatens to veto bipartisan immigration bill All 4 immigration bills fail in the Senate Senate blocks multiple immigration plans, stalling progress toward protections for young immigrants Corporate America gets behind immigration bill that Trump threatened to veto Here's why an immigration deal can't be reached Senate Rejection May Mark End of Chances for Immigration Deal
(DBN)

Nothing in the Constitution Prevents Sensible Gun Rules The FBI knew about a YouTube user named Nikolas Cruz who said he would be a 'professional school shooter' 5 months before the Florida shooting Law-Enforcement Officials Say YouTube Tip on Florida Shooter Wasn't a Strong Lead Shooter Took an Uber to School Florida Suspect 'Did Target Practice in Backyard' Judge Napolitano: Teachers Should Carry Guns Media ignoring 1 crucial factor in Florida school shooting American Carnage Florida school shooting suspect linked to white supremacist group: ADL Supremacist Group Walks Back Shooter Story Shackled and cowering Florida gunman makes his first court appearance More details are starting to emerge about the Florida shooting suspect — and police say he confessed Deadly Florida school shooting: what we know Mom’s flu death may have sent Florida massacre suspect over the edge Broward authorities watch for copycat pranksters after school shooting, vow maximum charges Trump says it's time to tackle 'difficult' mental health issue, does not mention gun laws in address after Florida shooting Florida suspect’s ‘unhealthy obsession’: killing small animals, extreme gun fascination The stories of heroism in the Florida shooting ‘A Phenomenal Man’: Story Of Heroism From School Coach Comes Amid Nightmare Shooting As bullets flew at school, one student kept the world updated on Twitter The 10 Politicians That Have Received the Most Money From the NRA Trump says he's going to Parkland, Florida, after the school massacre Treasury Secretary Mnuchin asks Congress to 'look at' gun violence after Florida shooting It’s time to bring back the assault weapons ban, gun violence experts say Obama urges new gun laws after Parkland Here is a map of all the shootings on school grounds since 2013 Florida school shooting proves we need more anti-crime funding Trying to Understand Shooting They Survived FL: Thousands Attend Vigil for Shooting Russian bots spread pro-gun messages on Twitter after shooting Why Trump drags his feet on guns Trump Reversed Gun Ban for Mentally Ill
(DBN)

Grandmother Stops Another School Shooting Day Before Florida Massacre
(DBN)

Kids Arrested with Guns at N. Texas Schools
(DBN)

Partner made "degrading" comments to associate Ex-Linklaters partner convicted for s-- attack on student at firm party California #MeToo advocate hit with new claims of misconduct Attorneys Predict Wave Of #MeToo Investor Suits Women Lawyers Join #MeToo Movement with Hashtag of Their Own Real Due Process in the #MeToo Era White House counsel likely had access to Porter evidence a year ago These are all the ways harassment can make your life miserable
(DBN)

Jury Awards Ex-UCLA Doctor $13M In Gender, Age Bias Trial
(DBN)

IRS and Justice Department reportedly subpoena documents from lenders, investors in Kushner projects
(DBN)

5th Circuit says cash bail system in Texas county is unconstitutional
(DBN)

Lawyer allegedly targeted for death by his client is allowed to withdraw from case
(DBN)

Shocking! Fired For Sleeping On The Job — And Awarded Damages!
(DBN)

Man Cops To Scam To Sell Stolen Vermeer, Rembrandt Works
(DBN)

Ex-Foley & Lardner Atty Should Get Prison Time, Feds Say
(DBN)

Former MLB Pitcher Esteban Loaiza Arrested With 20 Kilograms Of Cocaine
(DBN)

World's Worst Burglar
(DBN)

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Judges:

The phrase "haters gonna hate" is too "banal" to be copyrighted, a judge has declared
(DBN)

Are Gorsuch’s provocative opinions slowing the court down?
(DBN)

Clarence Thomas Decries Victimhood Culture In Rare Public Remarks Justice Thomas: Confirmation Process Not What It Ought to Be Clarence Thomas bemoans judicial confirmation process: 'This is not the Roman Colosseum. We're not gladiators' Justice Thomas Says Court Confirmation Shouldn't Be 'Spectacle'
(DBN)

Illinois Judge Guilty Of $1.4M Mortgage Scheme Sitting Cook County judge convicted in mortgage fraud scheme
(DBN)

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Wall Street:

US stocks set to rise at the open, amid major data, earnings Dow ready to hold above 25,000, as U.S. stocks line up best week more than a year
(DBN)

Dow rallies 306 points, notches 5-day winning streak
(DBN)

Here's a definitive guide to the state of each business on Wall Street, which is coming off a ghastly year
(DBN)

The rate rise doesn’t matter to the markets. Here’s what does Why investors shouldn’t fear a rising-rate environment, in one chart
(DBN)

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Layoffs:

Mass Layoffs At IJR, Leaving Future Uncertain
(DBN)

200 Pepsi layoffs confirmed
(DBN)

Walmart to consolidate department managers in some stores
(DBN)

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Education:

Charter school in Houston shuts down abruptly
(DBN)

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Paper Products:

Noteholder seeks bankruptcy examiner to investigate Cenveo
(DBN)

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Energy Storage:

Production unlikely to resume at big battery factory in Concord, filing shows
(DBN)

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Hotels:

Hammons hotels, tower and other properties to be sold as part of bankruptcy deal
(DBN)

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Bankruptcy Crimes:

Tampa Real Estate Agent Indicted for Bankruptcy Fraud
(DBN)

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Consumer Finance:

U.S. House Votes to Weaken State Limits on High-Cost Loans
(DBN)

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Student Debt:

No Excuses for Student Loan Servicer’s Failure to Comply with Plan
(DBN)

Trump May End Student Loan Forgiveness Program
(DBN)

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Climate:

Leaked U.N. draft report sees ‘very high risk’ the planet will warm beyond key limit
(DBN)

Trump's courtroom battles over global warming
(DBN)

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Economy:

Fannie Mae forecasts 2.7% real GDP growth in 2018
(DBN)

The Basic Problem with Trump’s Rosy Economic Projections
(DBN)

Weekly Initial Unemployment Claims increase to 230,000
(DBN)

Rates are jumping on more strong inflation data; US 2-year yield hits 9-year high
(DBN)

Philly and NY Fed Manufacturing Surveys Showed Growth in February
(DBN)

Industrial Production Decreased 0.1% in January
(DBN)

Household Debt Balance by Loan Category (Non-Housing Loans) Since 2004
(DBN)

Trump Embarks on a Gigantic Fiscal Experiment
(DBN)

Surging inflation will save the dollar as the Fed ramps up rate hikes, wealth manager says
(DBN)

Gasoline, health care lift US producer prices in January
(DBN)

Jim Chanos on Economic Issues
(DBN)

Household Debt Balance by Loan Category (Non-Housing Loans) Since 2004
(DBN)

Infrastructure: Trump's gas tax hike tests whether the federal fuel levy is still a third rail in politics Trump's gas tax would wipe out 60% of tax cut benefit for individuals, analyst estimates Infrastructure Plan Full of Bad Ideas
(DBN)

Trump's tax cuts were a big way 'to unleash economic energy' in America, Boeing CEO says Siemens CEO defends praising Trump, says there's 'nothing wrong' with US tax overhaul
(DBN)

Why Warren Buffett is a ‘prime example’ of the failure of American capitalism
(DBN)

Companies buying back stock at record pace since Trump tax bill may aid market's comeback
(DBN)

A closer look at round six of the NAFTA negotiations
(DBN)

Trump’s claim on Harley Davidsons and India doesn’t add up
(DBN)

Everyone Has Forgotten the Downside to Debt
(DBN)

Trump Favors a Federal Online Sales Tax
(DBN)

Selloff Grips Credit Funds as Rate Fears Ripple Through Markets
(DBN)

The Effect of Trump's Immigration Crackdown, in 3 Maps Most immigrants arrested by ICE have prior criminal convictions, a big change from 2009 Immigration Jumps as Top Problem , Still Trails Government
(DBN)

The Rising Speed of Technological Adoption
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Mortgage rates rise to nearly four-year high on inflation concerns
(DBN)

Fannie and Freddie: REO inventory declined in Q4, Down 30% Year-over-year
(DBN)

Fannie Mae Whacked by New Tax Rules
(DBN)

Goldman Sachs nearing $1 billion in consumer relief in massive toxic mortgage bond settlement
(DBN)

Homebuilders shrug off higher mortgage rates, stay optimistic on economic boost from tax cuts NAHB: Builder Confidence unchanged at 72 in February
(DBN)

San Francisco's cheapest single-family home will sell for over $500,000 — and it reveals how bad the housing crisis has become
(DBN)

Orlando: iSquare developer’s testimony ‘troubling,’ judge says
(DBN)

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Municipalities:

Federal Judge Rejects Government Loan for Puerto Rico Utility
(DBN)

Puerto Rico Lawyer Warns of Power Shutdown If Loan Denied
(DBN)

Nearly all of Puerto Rico could have power restored by next month: Officials
(DBN)

As Puerto Rico pushes forward with new fiscal plan, Tesla and others propose energy fixes
(DBN)

After Months Without Power, Puerto Rico School Ditches Grid
(DBN)

Puerto Rico suspends $133M contract awarded to firm of Trump’s failed FEMA nominee
(DBN)

Remember Puerto Rico
(DBN)

Puerto Rico's revised fiscal plan to be certified in days-governor
(DBN)

Marco Rubio, Bill Nelson urge FEMA to approve housing program for Puerto Rico evacuees
(DBN)

The US still has no idea how many Puerto Ricans are out of work
(DBN)

Creditors Cry Foul on Puerto Rico's Latest Fiscal Plan
(DBN)

Expecting an ‘Uphill Fight,’ Student Assembly Urges Cornell to Divest from Puerto Rican Debt
(DBN)

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Oil/Gas:

Fieldwood files for bankruptcy while buying Gulf assets Fieldwood Energy files for bankruptcy, makes $700M acquisition on same day Fieldwood Energy Files for Chapter 11 Bankruptcy Protection Fieldwood Energy files for bankruptcy Fieldwood Energy Files Ch. 11 Petition, Looks to Slash Debt By $1.6B Through Restructuring Fieldwood Energy Files Prepackaged Chapter 11 Cases Fieldwood Energy LLC First Day Dec
(DBN)

Seadrill close to restructuring deal with bondholders -sources
(DBN)

Oil and Gas Filings 2015 - YTD
(DBN)

We could be heading into another bear market for oil
(DBN)

Uresti's criminal case could go to the jury Friday
(DBN)

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Electricity:

Renewable energy hits 18 percent of U.S. electricity grid, rivaling nuclear
(DBN)

Texas regulators on verge of approving Sempra's $9.45 billion purchase of Oncor
(DBN)

AIG wants clarity on surety bonds for Westinghouse Chapter 11 plan
(DBN)

Big Batteries Are Becoming Much Cheaper
(DBN)

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Travel:

Amtrak may suspend use of tracks without crash-prevention systems
(DBN)

‘Demonic’ child climbs on seats, screams non-stop for eight hours on international flight
(DBN)

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Guns:

Remington’s Bankruptcy May Be the Tip of the Iceberg
(DBN)

Appeals Panel Appears Unlikely to Undo Remington Gun Settlement
(DBN)

Mass shootings don't boost gun sales anymore. Here's why
(DBN)

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Coal:

GOP regulator says law compelled call on coal, nuclear
(DBN)

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Musical Instruments:

Gibson guitars face bankruptcy ; “running out of time – rapidly”
(DBN)

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Auto Racing:

NASCAR Cup team BK Racing files for bankruptcy ahead of Daytona 500 BK Racing files for bankruptcy , retains NASCAR charter for now BK aims to race on despite bankruptcy filing
(DBN)

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Paper:

Bankrupt Southworth Co. plans auction of Turners Falls paper mill
(DBN)

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Hollywood:

Court Voids Fraudulent Transfer of 42 Film Projects Including Martin Scorsese and Michael Mann Movies
(DBN)

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Movie Theaters:

I Was So Wrong: MoviePass Is Going To Zero
(DBN)

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Newspapers:

Cuts probably won't end for Boston Herald under new owner
(DBN)

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Autos:

Takata Allowed To Discharge State Claims In Ch. 11
(DBN)

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Corporate Reform:

How the CFPB Plans to Scale Back Its Regulatory Mission
(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 (28 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (8 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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Jurisdiction:

Second Circuit Finds “Related To” Bankruptcy Jurisdiction in a Madoff Matter
(DBN)

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Professional Compensation:

Approval of Fee Defense Provisions in Retention Agreements Post-'ASARCO'
(DBN)

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Insurance:

D&O and Professional Liability: A Year in Review
(DBN)

Insurers face $130mn loss on PatNat D&O cover
(DBN)

Court Requires Insurers to Advance Insureds’ Defense Costs
(DBN)

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Discharge:

Supreme Court to Hear Consumer Bankruptcy Issue on Dischargeability 523(a)(2) – What is a “Statement of Financial Condition”?
(DBN)

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Safe Harbors:

Leveraged Buyouts as Fraudulent Transfers: Battling the § 546(e) “Safe Harbor” Defense
(DBN)

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Politics:

Republicans in Congress get embattled Kelly's back
(DBN)

Russia used mainstream media to manipulate American voters
(DBN)

Here’s how Pennsylvania Democrats’ congressional map proposal stacks up against the current Republican ones
(DBN)

The Geography of Trump's First-Year Job Approval
(DBN)

FactCheck: "Fifty seats have already changed hands from the Republicans to the Democrats since Donald Trump was elected."
(DBN)

Trump inaugural committee paid $26 million to friend of first lady Melania Trump
(DBN)

Stormy Daniels Has a ‘Monica Lewinsky Dress’
(DBN)

State Department to shutter dozens of refugee resettlement offices
(DBN)

Trump aide quit after he was told he wouldn't get full security clearance because he had smoked pot
(DBN)

Clapper disputes Pence: 'It stretches credulity' to say Russians didn't impact election
(DBN)

House Votes to Gut Disabilities Act
(DBN)

How $225,000 Can Help Secure a Pollution Loophole at Trump’s E.P.A.
(DBN)

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Currency:

Bitcoin tops $10,200 as cryptocurrencies extend rally
(DBN)

It costs $26,000 to mine one bitcoin in South Korea — and just $530 in Venezuela
(DBN)

Ellen DeGeneres explains bitcoin: 'You’ll either be a millionaire or you’ll be totally broke'
(DBN)

US regulator warns of ‘pump-and-dump’ cryptocurrency frauds
(DBN)

Dutch bitcoin mining farm Koinz Trading declared bankrupt
(DBN)

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Personal Finance:

Never, ever purchase these things on your credit card
(DBN)

You should leave this off your resume if you can't back it up in a job interview
(DBN)

Go ahead, buy that latte: There's a better way to save than cutting out coffee Justin Howell, Contributor 1 Hour Ago
(DBN)

Does your debt make you undateable?
(DBN)

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Healthcare:

DC public hospital's former top doctor files whistleblower lawsuit
(DBN)

Flu shots are 36 percent effective so far this year, but you should get one anyway, says CDC
(DBN)

Gang Boss Kidnapped Nurses To Vaccinate The Poor
(DBN)

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Retailing:

Sears' sales fall, but company expects to post a profit Sears reveals its biggest sales drop in history at its namesake stores
(DBN)

Pachulski selected to represent Bon-Ton creditors ' committee
(DBN)

Why Bon-Ton Stores Is on the Rocks
(DBN)

JC Penney to close 8 stores in 2018. Here's where they are
(DBN)

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Religion:

Churches Are Still Filing Bankruptcy
(DBN)

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UK:

Basic income plan proposed in the UK where everyone under 55 gets $14,000
(DBN)

Layoffs Arrive in Brexit Britain, and Auto Workers Are Up First
(DBN)

Insolvency in a post-Carillion world ‍Hospital Co Dartford Says Drawn Contingency Plan After Carillion Liquidation
(DBN)

Ukip is on the verge of bankruptcy A hefty legal bill looks set to bankrupt Ukip for good
(DBN)

Bankrupt man, 65, is so upset when removals firm arrives to take his possessions away he 'torches their truck and is arrested for arson'
(DBN)

Retention of title – Unpaid seller v the asset based lender
(DBN)

UK Court of Appeal rules on creditors' entitlement to interest after an administration?
(DBN)

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PIIGS:

Female, Middle-Aged and Let Down by Renzi
(DBN)

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Canada:

Fight over bankrupt oil company lands at Supreme Court
(DBN)

Brookfield Selling Assets to Build War Chest for Next Downturn
(DBN)

Cryptocurrency Assets Under Insolvency and Personal Property Security Law
(DBN)

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Venezuela:

Cash-scarce Venezuela sees boom in payment apps
(DBN)

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India:

Ex-Lehman banker sees opportunities in India’s bankruptcy overhaul
(DBN)

Bankruptcy law violated in Essar Steel bid?
(DBN)

Audit nudge to lenders
(DBN)

India’s bad borrowers are a big problem for Modi
(DBN)

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Croatia:

Agrokor seeks more time to reach deal with creditors
(DBN)

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Hong Kong:

Hong Kong Court Recognizes Foreign Liquidators Appointed In Creditors' Voluntary Liquidation.
(DBN)

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