February 2, 2018

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Law Firm Revenue, Profits Up in 2017: Wells Fargo Report
(DBN)

Reality Check for Law Firms: It's Not Just About You Anymore
(DBN)

Eversheds Sutherland Joins $1 Billion Club with Post-Merger Revenues
(DBN)

Male partners question ‘hypocritical backlash’ over men-only events as women set out grim reality
(DBN)

Top Baker McKenzie partner sexually assaulted associate
(DBN)

BLP clams up on partner's Presidents Club involvement
(DBN)

Law Student Nearly Crushed To Death By Subway Train After Fainting Onto Tracks
(DBN)

How Ditching Work For 4 Months Can Help Your BigLaw Career
(DBN)

What I Learned In My First Year: A Judge's Example
(DBN)

2017 - Turnaround Year for Legal Sector, AmLaw 50 Growing Fastest
(DBN)

Law schools should make students’ borrowing data public, include with admissions offers, report says
(DBN)

You Should Absolutely Read This Insane Law School Event Promo Calling Immigrants Toilet People
(DBN)

Thanks, Trump: Law School Applications Are On The Rise
(DBN)

What Books To Read To Become A Rainmaker
(DBN)

Dechert says outsourcing was reason for layoffs of lawsuit plaintiffs
(DBN)

Western Michigan-Cooley Law School Files Amended Complaint In Lawsuit Against The ABA
(DBN)

Justice Sotomayor's Rx For Law Schools: Emphasize Core Courses Like Tax, Corporations And T&E
(DBN)

$20 Million Loan Comes Back to Haunt Broward Law Firm
(DBN)

Attorney Reviews iPhone X
(DBN)

George Clooney Reveals He Pursued Wife Amal Clooney By Email
(DBN)

Trump expected to approve release of FISA memo White House Aides Worried Wray May Quit White House sees price for release of Nunes memo Release the GOP Russia memo. We deserve government transparency House would release memo if Trump OKs it; White House reportedly agrees to FBI redaction request Trump to approve release of FISA memo without redactions James Comey calls out 'weasels and liars' amid partisan wrangling over the Nunes memo The director of the FBI seems prepared to publicly dispute the Nunes memo once it is released A top GOP senator has urged House Republicans to listen to the FBI's concerns about the controversial Russia memo Schiff: Nunes Memo Crosses a Dangerous Line Schiff's Fit About Altered Nunes Memo is a Legal Nothingburger Rising White House fear: Nunes memo is a dud Ex-Trump Aide Page Was on U.S. Counterintelligence Radar Before Russia Dossier Who is Carter Page? Subject of Memo Has Ties to Russia It's Really Not Easy To Get A FISA Warrant Alleged Anti-Trump FBI Agent Actually Supported Reopening Clinton Email Probe, Report Says Revelations About the FBI’s Delay on Clinton Emails May Be Less Than They Seem Trump to declassify surveillance memo, sources say – as Pelosi seeks Nunes ouster The Law and Order Party Has Turned on the Law and Order Agencies Poll: Most Americans believe Trump should speak to Mueller under oath Statement about meeting with Russian lawyer is reportedly a focus of Mueller’s probe Pelosi and Schumer call for removal of Devin Nunes as House Intel chair The Many Failed Vindications of Donald J. Trump Republicans just fired another shot in their crusade against top FBI officials New Filing Shows Flynn Is Probably Really Cooperating in Russia Probe Lawyers for Manafort associate Rick Gates are out Rick Gates’ Attorneys Mysteriously Withdraw from Mueller Probe Case Why Are Attorneys for Rick Gates Quitting? Trump: FBI and DOJ are biased against Republicans 9 Historians on Trump's War with the FBI
(DBN)

Waymo Trial Is About IP, Not Whether Uber's Evil: Judge
(DBN)

Red Cross General Counsel David Meltzer Resigns Over Handling of Assault and Harassment Allegations Humane Society keeps CEO after harassment complaints, prompting seven board members to resign New York Daily News editors ousted over harassment complaints Assault Allegations Can Be Hard On Your Net Worth—Just Ask Steve Wynn Penn Revokes Wynn's Honorary Degree, First Time in a Century Guess Plunges After Kate Upton Accuses Co-Founder of Harassment Guess Chairman Denies Misconduct Toward Kate Upton, Other Women Red Cross GC Resigns After Report of Mishandled Harassment Complaints Constructing a Workplace Environment That Rejects Harassment
(DBN)

Federal Judge Strikes Down Florida's Lifetime Voting Ban by Felons
(DBN)

Wife Says ICE Arrested Undocumented Husband Trying to Get Green Card at Immigration Office ICE releases man arrested at courthouse after his DACA status expired
(DBN)

Natalie Wood Death: Wagner Now a Person of Interest
(DBN)

12-year-old suspect in custody after Los Angeles school shooting
(DBN)

Suit accuses s-- toy company of collecting data on customer usage
(DBN)

Judge Upholds Warrantless License Tracking
(DBN)

Teen Gets 49 Years in Slenderman Case
(DBN)

11 things you’re doing that are setting you up for a terrible night’s sleep
(DBN)

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Judges:

Request for Public Comment on the Reappointment of U.S. Bankruptcy Judge Jeffrey E. T. Bohm
(DBN)

11th Circuit blasts BigLaw partner for remand argument against its mandate; ‘We really did mean it’ Eleventh Circuit Benchslaps Biglaw Partner And District Court For Not Following Its Order
(DBN)

The Chief Justice, Searching for Middle Ground
(DBN)

Why our judges and courts are important
(DBN)

Amid Spike in Courthouse Immigration Arrests, ICE Issues Formal Policy
(DBN)

Minority Attorneys Take a Closer Look at the SCOTUS Clerk Diversity Dearth
(DBN)

Fmr Brendan Dassey Attorney Is Now a Judge Facing Restraining Order from His Clerk
(DBN)

Not Allowed To Be A U.S. Citizen, But Still An American Judge
(DBN)

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Wall Street:

Dow is headed for a more than 250 point drop as investors worry about rising yields
(DBN)

Stocks stumble at the open as sell-off continues Stocks struggle for gains as concerns about rising rates grow
(DBN)

Greenspan: We Have a Stocks Bubble
(DBN)

If the Fed Is Right, Then Markets Are in Trouble
(DBN)

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Layoffs:

WARN Class Objects To Macaroni Grill Ch. 11 Plan
(DBN)

Camas paper mill to cut 243 jobs
(DBN)

Pandora is laying off about 5 percent of its workforce as it shifts to more automated ads
(DBN)

January planned job cuts are down nearly 3% from last year: Challenger
(DBN)

Academy Sports + Outdoors lays off 140
(DBN)

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Healthcare:

GOP Gives Up on Obamacare Repeal House ACA stabilization bill takes broader approach than Senate
(DBN)

If Amazon And Buffett Lift Veil On Health Prices, Insurers Are In Trouble
(DBN)

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Currency:

Bitcoin drops 9%, nears crucial make-or-break level of $9,000 Bitcoin plummets below $8,000 for first time since November
(DBN)

Cryptocurrencies are getting crushed, with $100 billion wiped out in 24 hours
(DBN)

Japan's FSA Raids Coincheck Offices Following $500 Million Hack
(DBN)

2 economists just eviscerated bitcoin, saying it should be trading at $20
(DBN)

The Unique Quandaries Faced in Recovering International Cryptocurrency Frauds
(DBN)

We’ve Reached The “Irony Is Dead” Phase Of The Crypto Crash
(DBN)

How cryptocurrencies are being used to evade sanctions
(DBN)

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Retailing:

What Fashion and Luxury Goods Companies Need to Know About Restructuring and Bankruptcy
(DBN)

Fitch: Claire's, Sears, Nine West Lead Expected Growth in Retail Default Volume
(DBN)

Sears may not be able to make cost cuts fast enough, analyst says
(DBN)

Sears lands additional financing from Eddie Lampert's ESL
(DBN)

One of Sears' biggest defenders just revealed why he abruptly cut ties with the company
(DBN)

Steinhoff reminds creditors they are not all equal
(DBN)

Steinhoff shareholders to sue auditors Deloitte
(DBN)

Steinhoff’s Angry Hometown Erases Traces of Its Fallen Star
(DBN)

From Toys R Us to Carson's, what lies behind recent spate of store closures
(DBN)

Bon-Ton Stores clinches bankruptcy financing-sources
(DBN)

Amazon's stock jumps 6% after its fourth quarter results beat the Street's expectations Jeff Bezos’s fortune tops $120 billion as Amazon shares surge
(DBN)

What Amazon Does to Poor Cities Do Amazon warehouses hurt local jobs?
(DBN)

Former CEO appeals convictions for defrauding Vann’s
(DBN)

Retailers See Tax Reform Boost, but 2018 could be Make-or-Break for Brands – BDO Survey
(DBN)

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Travel:

Why United Airlines has got into a flap over a peacock
(DBN)

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Autos:

Bloodletting At Ford More Likely And Imminent With Credit Warning
(DBN)

U.S. Light Vehicle Sales decline to 17.1 million annual rate in January
(DBN)

Tesla Sells $546 Million of Bonds as Buyers Can't Get Enough
(DBN)

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Radio:

Radio Giant iHeart Faces Costly Reckoning On Debt iHeart Skips $106M Interest Payment, Enters 30-Day Grace Period iHeartMedia skips interest payment as it struggles with $20 bln debt iHeart misses bond payment, takes another step to bankruptcy
(DBN)

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Corporate Reform:

Trump administration strips consumer watchdog office of enforcement powers in lending discrimination cases
(DBN)

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Economy:

Economy to grow at 5.4% rate in first quarter, Atlanta Fed tracker shows
(DBN)

Expect first Federal interest rate rise to come in March
(DBN)

Markets are watching for rising wages in Friday's jobs report
(DBN)

ISM Manufacturing index decreased to 59.1 in January How’s manufacturing? Depends on the sector
(DBN)

Lead Times for U.S. Capital Equipment Longest in 22 Years
(DBN)

U.S. productivity fell in Q4, the first time since early 2016
(DBN)

Weekly Initial Unemployment Claims decrease to 230,000 US jobless claims unexpectedly fall as job market strengthens
(DBN)

The Jobs Report Matters Even More These Days
(DBN)

Goldman: January Payrolls Preview January Employment Preview
(DBN)

'We'll get 'em even lower' – Trump jokes about 'phase 2' of tax cuts New tax law takes a hatchet to these worker expense deductions Surging rates won’t hurt rally, thanks to tax reform's ‘extraordinary’ benefits, says Ed Yardeni Lowe's confirms plans to pay up to $1,000 bonuses Lowe's bonuses: Here's what employees will receive These companies are paying bonuses with their tax savings Billions From Trump Tax Cuts Supercharge Fossil Fuel Industries BDO: Retail execs bullish on tax reform; expects ‘moderate’ sales increase in 2018 Deutsche Bank posts $2.75 billion Q4 earnings loss, blames U.S. tax reform
(DBN)

Top Wall Street executive: 2 risks that could torpedo the booming global economy this year
(DBN)

What Gary Cohn told Republicans about infrastructure behind closed doors 4 'policy cornerstones' for Trump's $1.5 trillion infrastructure plan Infrastructure Plan Should Scare You GOP Discusses Gas Tax Hike for Highways
(DBN)

Best January since 1997 bodes well for the rest of the year... at least statistically
(DBN)

Texas oil companies tell Trump to leave NAFTA alone
(DBN)

Here’s where the millionaires live around the world
(DBN)

US construction spending rises as private outlays hit record high
(DBN)

AFL-CIO Chief: 93,000 jobs were outsourced under Trump, most in years
(DBN)

Federal government will be unable to pay all bills sooner than expected, due to new tax law
(DBN)

GOP Looking at Extending Government Funding Through March 23 A No-Drama Way to Deal With the Debt Limit
(DBN)

While Trump Blames Immigrants For Low Wages, An Alternative Theory Gains Traction Among Economists
(DBN)

How Much Money Do People Have?
(DBN)

U.S. CEOs Earn 140 Times More Than the Typical Worker
(DBN)

20 Most Hated Companies in America
(DBN)

2017 Partisan Gap in Economic Confidence One of the Largest
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Freddie Mac: Mortgage rates rise on expectation of future rate hikes
(DBN)

U.S. Rental Vacancy Rate Since 1956
(DBN)

Implications of U.S. Tax Policy For House Prices, Rents, And Homeownership
(DBN)

There are 2 reasons why the supply of homes in the US is running dangerously low
(DBN)

Construction spending climbs for fifth month to record
(DBN)

Best Buy Cities: Where To Invest In Housing In 2018
(DBN)

ID: Trustee seeks contempt order against Hathaway
(DBN)

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Municipalities:

Justice Dept. report: Puerto Rico power utility did not hide materials
(DBN)

'One Day At A Time' Star Rips Trump Over SOTU Puerto Rico Remarks
(DBN)

Struggling Puerto Rico utility close to finding new chief
(DBN)

HUD Announces $1.5B in Aid to Puerto Rico
(DBN)

San Juan mayor: Trump's words on Puerto Rico are 'utter hypocrisy'
(DBN)

Domestic Violence Soared Following Puerto Rico Hurricane
(DBN)

Federal official says Puerto Rico lacked leadership, communication after Hurricane Maria
(DBN)

Why Is Puerto Rico Dismantling Its Institute of Statistics?
(DBN)

Puerto Rico's new revised fiscal plan is business as usual
(DBN)

Puerto Rico To Blame For Post-Maria Setbacks, Says US
(DBN)

While Millions Still Lack Water And Electricity, Puerto Rico’s Senate Votes To Approve LGBT Discrimination
(DBN)

Privatization Won't Fix Puerto Rico's Broken Power Utility
(DBN)

In Ponce, Puerto Rico, 92 percent of urbanized areas have electricity, but not a single rural neighborhood does
(DBN)

FEMA stresses it's not leaving Puerto Rico
(DBN)

Puerto Ricans struggle to find housing in Central Florida
(DBN)

Puerto Rico Is On Its Own
(DBN)

Rubio: 'We have to do more' to help Puerto Rico
(DBN)

Puerto Rico reports 78 killings in one of deadliest months
(DBN)

Six Years After Bankruptcy, Stockton Is Preparing To Start Handing Out Free Money
(DBN)

House Approves Takeover of Gary, Muncie Schools
(DBN)

Detroit expects to end state oversight this spring Detroit could soon be without state oversight
(DBN)

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Oil/Gas:

Goldman Sachs sees oil surging above $80 in 6 months
(DBN)

Denise Cantu, the government's star witness in Uresti trial, takes the stand FourWinds payments to Uresti were appropriate, lawyer says
(DBN)

ConocoPhillips Walks the Tightrope of Fear and Greed
(DBN)

Breitburning Down The House
(DBN)

Fracking well depths linked to Oklahoma quakes
(DBN)

Trump administration tears down regulations to speed drilling on public land
(DBN)

Oil rally could ‘end in tears’ and send Brent to $60, Saxo strategist warns
(DBN)

California taxpayers could foot the bill to shutter old oil rigs in the Pacific
(DBN)

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Corporate Reform:

Trump’s CFPB chief shifts enforcement power in lending bias cases
(DBN)

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Education:

Monitor raises questions about successor to Corinthian Colleges
(DBN)

Will Norcross college survive? New report raises concerns about former Corinthian campus
(DBN)

The economic returns to university Ever more students are earning degrees. Is it paying off?
(DBN)

______________

Biofuels:

Refiner Bankruptcy Adds to Pressure to Overhaul Biofuel Program
(DBN)

What’s the real story behind Philadelphia Energy Solutions’ bankruptcy, crude oil, and the Renewable Fuel Standard?
(DBN)

EPA chief says ethanol system needs "reform" Pruitt Riles Ethanol Advocates EPA chief calls for biofuels policy reform in wake of refiner bankruptcy
(DBN)

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Newspapers:

Boston Herald Boosts Worker Focus In Ch. 11 Sale Plan
(DBN)

Great local reporting stands between you and wrongdoing. And it needs saving
(DBN)

Coal chiefs mock reporter as critical West Virginia media voice goes bust
(DBN)

Federal bankruptcy judge delays ruling on bidding process for Gazette-Mail
(DBN)

W.Va. Newspaper Hits Bankruptcy, Has Planned Buyer
(DBN)

What went wrong at the Los Angeles Times?
(DBN)

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Coal:

Unsecured creditors back coal miner Armstrong's restructuring plan
(DBN)

Trump's Promise To Revive Appalachian Coal Jobs Founders Without Opioid Plan
(DBN)

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Mass Torts:

Health claims piling up against Kerr-McGee, owner of former Avoca plant
(DBN)

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Weather:

Nearly Half of California Gripped by New Drought
(DBN)

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Personal Finance:

After 45 Birthdays, Here Are '12 Rules for Life'
(DBN)

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New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (59 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (11 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:

Bankruptcy cases fall 6 percent in Toledo
(DBN)

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IP:

No Post-Rejection Protection Under Bankruptcy Code for Non-Debtor Distributor's Trademark License
(DBN)

Are Trademark Licenses Protected In A Licensor Bankruptcy? The Circuits Are Split.
(DBN)

Sunbeams Don’t Shine on Trademark Licensees in First Circuit
(DBN)

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Automatic Stay:

Stay Violation? Beware of Escalating Attorneys’ Fees
(DBN)

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Bankruptcy Remoteness:

The Fifth Circuit is Asked to Consider the Validity of the “Golden Share”
(DBN)

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Due Process:

Eighth Circuit rejects foreseeability test for notice to unknown creditors
(DBN)

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Avoidance Actions:

Reverse Fraudulent Transfer Claim: Venezuela and Disputes Over Gold
(DBN)

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Food/Beverage:

In Case You Missed It – PACA Trust Rights in Bankruptcy are Just Plain Old Secured Claims
(DBN)

Labor Department Report Mysteriously Disappears What Is Trump's Labor Department Trying to Hide? Administrative Law Trump Admin Hid Data Showing New Rule That Would Cost Workers Billions, Report Says
(DBN)

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CBAs:

NYC Contractor Beats Union Challenge, To Sell Biz In Ch. 11
(DBN)

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Cross-Border:

Bankruptcy Court Upholds the Enforcement of the Ipso Facto Clause Against a Foreign Debtor
(DBN)

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Litigation:

Trialpad Video Impeachments
(DBN)

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Politics:

Trump Says Orrin Hatch Called Him The Best President
(DBN)

The GOP's crisis of quitting
(DBN)

We just got the clearest sign yet that Mitt Romney is running for a Senate seat
(DBN)

Trump says his State of the Union viewership was 'the highest number in history.' He's wrong
(DBN)

The (Annotated) State of the Union
(DBN)

State Partisanship Shifts Toward Democratic Party in 2017
(DBN)

Judge rules Florida system for restoring felon voting rights unconstitutional
(DBN)

Trump Pushes Immigration Bill at GOP Retreat Donald Trump’s misleading claims about immigration in State of the Union address
(DBN)

Trump's approval rating is at its highest point in months after his State of the Union address
(DBN)

Trump pressures Pelosi, Democrats on DACA a week before the next possible government shutdown
(DBN)

U.S. democracy is in grave danger, a new Economist report warns Democracy's global recession continues
(DBN)

‘We’re done’: MSNBC’s Mika boots Michael Wolff over ‘disgraceful’ innuendo about Nikki Haley and Trump 'You're done!' Morning Mika cuts off hardball interview with 'Fire and Fury' author after he DENIES suggesting Nikki Haley is sleeping with Donald Trump Michael Wolff and the Smearing of Nikki Haley Here's what's behind the rumors of an affair between Nikki Haley and Trump
(DBN)

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Autos:

US auto sales are expected to slip this year as interest rates rise
(DBN)

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Toys:

Even Barbie can't save Mattel from holiday sales slump
(DBN)

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Banking:

Deutsche Bank Ends Another Year in the Red Deutsche Bank reports third consecutive annual loss Deutsche Bank fails even to hurdle low bar
(DBN)

Fed says it’s stress-testing banks using deeper recession
(DBN)

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Fraud:

Missing broker gathered more than $7 million in Ponzi scheme, state says
(DBN)

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Celebs:

Treasured possessions pop stars were forced to sell
(DBN)

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Entertainment:

Weinstein Co. Sued by Canadian Distributor Over ‘Paddington 2’ Release
(DBN)

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Printing:

Non-Bankruptcy Debt Restructuring in the Printing Industry
(DBN)

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Tech:

Apple delivers record sales and profit and the stock is spiking Apple stock pops despite falling iPhone shipments and weak guidance Apple sold fewer iPhones than a year ago The average selling price of an iPhone is $100 higher than it was a year ago Apple's cash pile hits $285.1 billion, a record
(DBN)

Google parent Alphabet misses revenue targets, stock falls
(DBN)

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UK:

Brexit: Still A Stupendously Bad Idea, Still Happening Anyway
(DBN)

Redundancy for 377 staff after Carillion collapse
(DBN)

EU Rejects Brexit Deal for Banks
(DBN)

Brexit Politics Goes From Bad to Worse
(DBN)

2400 jobs back under threat as Toys R Us seeks buyer
(DBN)

Dominic Chappell hit with £10m bill from pensions watchdog
(DBN)

'Teetering on the edge of contraction': Britain's construction sector is in trouble
(DBN)

A Bank of England official identified a big problem at the heart of London's inflated commercial property market
(DBN)

Health bosses warn that a potential £65billion negligence payout could bankrupt NHS
(DBN)

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EU:

Euro zone bailout fund could handle future debt restructuring -ESM
(DBN)

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PIIGS:

Greek economy gradually moving away from creditors ' clutches
(DBN)

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South Africa:

A major South African city is about to run out of water, and officials say it will be the worst disaster since 9/11 Life in Cape Town After 'Day Zero'
(DBN)

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China:

Distressed debt investors line up to offer HNA financing China's Largest Conglomerate Is On The Verge Of Bankruptcy A Chinese conglomerate struggling with billions in debt is reportedly hounding its own employees for money
(DBN)

China mulls legalized gambling on cash-strapped Hainan Island
(DBN)

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Tasmania:

Tasmanian bankruptcies decline
(DBN)

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MENA:

107,000 Saudi Women Apply for 140 Gov't Jobs
(DBN)

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India:

Government expects winning bidder for Air India by June-end
(DBN)

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