February 21, 2018

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:

Firm Hands Out Massive Bonuses — 150 Percent Cravath Scale For Many
(DBN)

Which Biglaw Firms Joined The Billion-Dollar Revenue Club In 2017?
(DBN)

Biglaw Retreat Uses Diverse Attorneys As Actual Tokens
(DBN)

Protecting Innocent Partners in the Law Firm
(DBN)

Adapt or Die: The Changing Role of Corporate Counselors
(DBN)

It's Official: Andrews Kurth and Hunton & Williams Will Merge
(DBN)

Arent Fox Again Posts Gains in Revenue, Profits
(DBN)

Howard Law Goes All In on Black Panther
(DBN)

Are In-House Counsel Around the Globe Losing Their Privilege?
(DBN)

General counsel for Midas parent company gets stayed suspension for unauthorized practice
(DBN)

Estate recovers nothing for mistaken brain surgery because lawyers used estopped negligence claim
(DBN)

Harvard psychologist Steven Pinker: The No. 1 communication mistake that even smart people make
(DBN)

Former Skadden Associate Charged in Mueller Probe Mueller Gets Plea, No Cooperation, as Skadden Lawyer Admits Lies Former BigLaw associate pleads guilty in Mueller probe to lying about contacts and deleted email Ex-Skadden Atty Pleads Guilty In Mueller Probe Ex-Skadden Associate Indicted In Mueller Probe Pleads Guilty Mueller probe's latest indictment: Alex Van Der Zwaan Attorney Accused of Making False Statements New guilty plea in Mueller probe as oligarch's son-in-law pleads guilty to lying to FBI and special counsel about dealings with Paul Manafort's deputy Mueller’s Latest Plea Deal Puts Pressure on Paul Manafort Morning Joe: Chances of presidential indictment are ‘next to zero’ — but Mueller won’t let Trump off the hook Mueller Takes Closer Look at Jared Kushner There's a specific reason Trump leveled an unprecedented amount of frustration toward the Russia probe this weekend Walking Back Trump's Criticism of FBI Here are the people charged in special counsel Robert Mueller's Russia probe
(DBN)

Justice Department creates cybersecurity task force to fight election interference
(DBN)

Don Jr. Advises President Trump After School Shooting: Don’t Go Wobbly on Guns FL: Kids Head to State Capital to be Heard The American public could be at a turning point on gun control Two-thirds of voters support tougher gun control after Florida shooting massacre, poll says Some Attack Survivor of School Shooting ‘Fake news’ strikes again, this time targeting Florida school shooting survivors A lawmaker’s aide called school-shooting survivors ‘actors.’ Within hours, he was fired. Behind their anger, Florida students are teens struggling with trauma After the Florida school shooting, let’s listen to the students and ban assault weapons Days After Parkland, It’s Business as Usual at a Florida Gun Show This single cartoon about school shootings is breaking people’s hearts US top court rejects challenge to California gun waiting period The family that took in the suspected Florida shooter after his mother died say they feel betrayed by the 'monster living under our roof' A 15-year-old JROTC cadet sacrificed himself to save 'dozens' during the Florida shooting — and thousands of people want him buried with full military honors George And Amal Clooney Donate $500,000 To Florida Survivors Some Hollywood heavyweights are donating millions of dollars to a planned national student march against gun violence FedSoc Event At A Shooting Range Is The Most Sadly Obvious Post-Parkland Story Here's what Donald Trump and the NRA get about humans Second Amendment does not apply to assault weapons: en banc 4th Circuit Supreme Court leaves in place California's 10-day wait for gun buyers, rejects 2nd Amendment challenge Clarence Thomas, in Dissent, Asserts Gun Rights Aren't 'Favored' at High Court Justice Clarence Thomas makes this stupid point so often that it was bound to drop after one mass shooting or another How Gov. Reagan Learned to Love Gun Control 'We Care Just as Much': A Republican Reflects on the Parkland Shooting Sen. Rubio faces backlash from students, gun-control advocates Rubio Calls for Firearm Task Force Florida House declines to consider assault weapons ban Florida Lawmakers Voted P--- a Health Risk, but Not Assault Weapons Trump Moves to Ban Bump Stocks Trump privately talks up new age limit on guns Trump, citing ‘evil massacre’ in Florida, considers ideas that could draw NRA’s ire Trump asks Justice Department to write regulations banning gun bump stocks Bump stock prices jump after Trump comments, report says Trump's first move on gun control after the Florida shooting may not work
(DBN)

Men in Law, This is How Women Perceive Your Behavior Clarence Thomas's Confirmation Faces #MeToo Microscope Non-Disclosure Agreements In The #MeToo Era Medicine is nearing its #MeToo moment Report: Surgeon harassed in middle of operation Trump denies kissing — or meeting — Rachel Crooks, one of 19 women who accuses him of misconduct Trump accuser Rachel Crooks calls his bluff after president’s attack on ‘woman I don’t know and never met’ Tavis Smiley Sues PBS for Firing Over Harassment Allegations California Assemblywoman Cristina Garcia denies groping accusations Mark Cuban fires 2 Mavericks employees after report details allegations of a 'hostile work environment' including harassment and domestic violence Dallas Mavericks investigating misconduct claims detailed in 'Sports Illustrated' story 94% of the Women in Hollywood Claim Harassment or Assault
(DBN)

9 words and phrases that make any professional look weak
(DBN)

Judge orders the release of Florida school shooting suspect's mental-health records
(DBN)

Asian-American groups are saying that affirmative action hurts their chances to get into Ivy League schools
(DBN)

Behold The Legal (Acting) Chops Of Your New Celebrity Crush, Chadwick Boseman
(DBN)

NBA Player Accepts Law Student’s Invitation To Law Prom — 3 Years After Being Asked
(DBN)

Partner’s Son Was So High On Drugs That He Didn’t Realize He’d Embezzled Six Figures From Firm
(DBN)

A man claimed his wife had been lost at sea. The FBI charged him with murder.
(DBN)

______________

Judges:

BK SD FL: Comments Sought On Reappointment of Robert A. Mark
(DBN)

BK ED WI: Seventh Circuit seeks bankruptcy judge
(DBN)

An RBG Trifecta - A SCOTUS First?
(DBN)

Woman denies harassment by Justice Thomas amid new #MeToo reporting; he decries victim culture
(DBN)

Pennsylvania Supreme Court issues its own congressional map
(DBN)

This Federal Judge Knows It When He Sees It
(DBN)

______________

Wall Street:

Dow futures inch lower as investors brace for Fed minutes US stocks set for a weak open, as corporate earnings trickle in
(DBN)

European stocks shoved down as eurozone business activity slows
(DBN)

Stocks Close Modestly Lower
(DBN)

Technical charts suggest another stock-market drop is coming: Avi Gilburt
(DBN)

Next time somebody scares you with a dire market prediction, look at this chart
(DBN)

Stock Market as Barometer of Policy Success
(DBN)

______________

Layoffs:

GOP senator suggests we need fewer immigrants because robots are coming
(DBN)

Deutsche Bank is axing up to 500 trading and investment banking jobs
(DBN)

Rejecting the 'Liquidating Fiduciary' Exception
(DBN)

Facebook co-founder Hughes: The digital economy is 'going to continue to destroy' jobs in America
(DBN)

Sun Country Airlines to cut 350
(DBN)

______________

Student Debt:

Trump Administration Looking at Bankruptcy Options for Student Debt
(DBN)

Education Dept. Eyes Changes in Bankrupt Borrowers’ Ability to Discharge Loans
(DBN)

Trump administration wants input on bankruptcy standards for student debt
(DBN)

Student loan borrowers with high debts aren’t making progress repaying them
(DBN)

Bankruptcy Standards Get New Scrutiny
(DBN)

If Current Trends Continue Student Debt Will Overtake Mortgages In A Generation
(DBN)

Canceling Student Loan Debt Isn’t Just A Dream. It Could Save The Economy.
(DBN)

______________

 

Retailing:

Retail Bankruptcies – Will the Shakeout Persist?
(DBN)

Walmart tumbles after online sales growth slows
(DBN)

Even SoHo Can't Escape the Retail Property Storm
(DBN)

______________

Aviation:

Pilots ready to win back retirement benefits lost in airline bankruptcies
(DBN)

______________

Sports:

The US team is falling apart at the Winter Olympics and is on pace to have its worst medal performance in 2 decades The U.S. Is Getting Crushed in the Winter Olympics
(DBN)

______________

Media:

Newsweek Staffers Threaten to Resign, Claiming Company Tried to Silence Investigation of Owners
(DBN)

Inside the Manhattan DA’s Newsweek Probe
(DBN)

______________

Entertainment:

Weinstein Co. Bidders Eyeing Sit-Down With New York AG As Lawsuit Stalls Sale
(DBN)

______________

Debt Collection:

Some U.S. borrowers jailed over civil debts, ACLU report shows
(DBN)

______________

Economy:

Fed could 'rock the boat' with what it says about market's worst fears: higher inflation, interest rates
(DBN)

The Fed Will Stick to Its 3-Hike Plan — for Now
(DBN)

Q1 GDP Forecasts
(DBN)

The risk of the US slipping into a recession is 'material and rising'
(DBN)

Next Recession? Don't Count on Safety Net
(DBN)

US Auctions $179Bn of Debt in Just Hours
(DBN)

Fed's Haste Makes Canadian Debt a Better Bet Than Treasuries
(DBN)

Jay-net Yellen Powell Hires Janet Yellen’s Former Adviser
(DBN)

This is the No. 1 thing Americans do with their tax refund
(DBN)

Social Security is the wrong way to finance student loan debt and parental leave
(DBN)

Trump’s infrastructure plan may give biggest boost to non-U.S. companies Would Trump’s Infrastructure Plan Drive the U.S. Forward or Backward? Raising the gas tax hits another roadblock in Washington
(DBN)

Pricey New York City is causing millennials to live above their means
(DBN)

$34 billion hedge fund Elliott Management says a 'dénouement' is approaching — and it's a disaster waiting to happen
(DBN)

The Chasm Between Racial Optimism and Reality
(DBN)

Final version of mega Pacific trade deal dumps rules the US wanted 25 GOP Senators Tell Trump to Rejoin TPP
(DBN)

Trump vowed to force pipeline makers to buy American steel. Now he's gone 'radio silent'
(DBN)

Silicon Valley is so expensive that people who make $400,000 a year think they are middle-class
(DBN)

Wilbur Ross in Charge of Monetizing Space
(DBN)

Chemical Activity Barometer Increased in February
(DBN)

Top Importers and Exporters of the World’s 18 Most Traded Goods
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Post-Discharge Loan Modification with Partial Claim Gets Servicer in Trouble with Bankruptcy Court
(DBN)

MBA: Mortgage Applications Decrease in Latest Weekly Survey
(DBN)

Supreme Court won't hear Fannie-Freddie shareholder case
(DBN)

Denver is 'the most challenging' city in US for first-time homebuyers, says report
(DBN)

10 cities where millennials are buying homes
(DBN)

Ten Years Ago: Housing Starts were down Sharply as the Great Recession Started
(DBN)

____________

Municipalities:

Muni Market Shaken By Puerto Rico Special Revenues Ruling
(DBN)

PREPA gets $300M loan; expects to need more in a month
(DBN)

Puerto Rico recovery efforts plagued by power company’s financial troubles
(DBN)

Members of Congress Fear Puerto Rico Hurricane Relief Funds Will Go to Creditors
(DBN)

In Puerto Rico, a skirmish over how much debt the bankrupt island can handle
(DBN)

Citigroup Drove Puerto Rico Into Debt. Now It Will Profit From Privatization on the Island.
(DBN)

Lawmakers, officials, unions want Yale to forgive Puerto Rican debt
(DBN)

Rauner wants to shift more state costs to local taxpayers
(DBN)

______________

Oil/Gas:

Refiner goes belly-up after big payouts to Carlyle Group
(DBN)

Why Ted Cruz is heading to a bankrupt Philadelphia refinery, and why it could cost him in Iowa
(DBN)

Fieldwood Energy uses prepack to cut debt by USD 525m, acquire Noble Energy deepwater assets
(DBN)

BP boosts electric car outlook but says oil isn't going away BP: Autonomous EVs to Crimp Oil Demand Americans don't want self-driving cars BP says future is electric, but oil not done yet
(DBN)

Shuttered Texas Energy Co. Says Bribe Refusal Cost It $470M Harvest Natural Resources sues ex-oil chief over bribe demands
(DBN)

Uresti's fate in jury's hands as deliberations in criminal fraud trial begin
(DBN)

Frac Sand Shortage Threatens Shale Boom
(DBN)

______________

Politics:

Donald Trump Jr. arrives in India to sell luxury apartments, raising ethics questions
(DBN)

Trump goes on tweetstorm blasting Obama for 'failures' in dealing with Russia's election meddling and Putin Trump tweet taunt: 'I have been much tougher on Russia than Obama'
(DBN)

Russian Election Meddling? We're Hypocrites
(DBN)

Trump Is Right to Warn About Calling Elections Illegitimate
(DBN)

Jared Kushner resists White House efforts to clamp down on staffers who lack a full security clearance Kushner and Kelly clash over security clearances
(DBN)

Two Americas: immigration politics in the Senate
(DBN)

Most voters support "Dreamers" & think Trump wants to deport them
(DBN)

HHS official placed on leave after posting conspiracy theories
(DBN)

Campus political correctness threatens our democracy and prosperity
(DBN)

Trump's morning tweets perfectly align with Fox & Friends Trump ignored aides on tweeting about Mueller - so advisers went on Fox News so he'd listen
(DBN)

Man featured on 'Trump Dating' site ad has child s-- conviction
(DBN)

Democrat wins Kentucky House district Trump won by 49% Intensity among young voters and women could help Democrats overrun the GOP in midterm elections
(DBN)

Trump urges GOP to challenge new Pennsylvania congressional map that's more favorable to Democrats
(DBN)

How Presidency Affects Trump's Properties
(DBN)

______________

Healthcare:

Trump administration unveils alternative to Obamacare The big picture on Trump's health care changes
(DBN)

HHS expands health plans that don’t comply with the ACA
(DBN)

A new study breaks down the foods most strongly associated with childhood weight gain
(DBN)

______________

Footwear:

Bankrupt Aerosoles Receives $26 Million Bid From Hedge Fund Alden Global
(DBN)

______________

Gambling:

Lucky Dragon Heads Into Bankruptcy
(DBN)

Las Vegas Casino Files For Bankruptcy Ahead Of Foreclosure Auction
(DBN)

______________

Corporate Governance:

How to Be a Good Board Chair
(DBN)

Advancement Claim Partially Denied Based on L.P. Agreement
(DBN)

______________

Currency:

Hackers hijack Tesla’s cloud system to mine cryptocurrency
(DBN)

The petro, Venezuela's oil-backed cryptocurrency, raised $735 million, government says
(DBN)

______________

Biofuels:

Biofuel Credits Rally As The Latest Congressional Compromise Falters
(DBN)

______________

Advisors:

FTI Consulting Enhances Company-Side Restructuring Presence with the Appointment of Global Restructuring Expert Keith McGregor
(DBN)

______________

Toys:

How One of America's Most Beloved Toy Makers Rebounded From Near Death
(DBN)

______________

New Bankruptcy Opinions
(4 new opinion today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (14 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (7 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:

Weekly Bankruptcy Claims Trading Activity
(DBN)

______________

Bankruptcy Policy:

The Janus Faces of Reorganization Law
(DBN)

______________

Automatic Stay:

Eleventh Circuit Follows Ninth Circuit in Awarding Appellate Fees for Automatic Stay Violation
(DBN)

______________

Bad Faith:

Rent-a-Wreck Bankruptcy Crashes, Dismissed for Bad Faith
(DBN)

______________

Cross-Border:

Attorney Retainer in U.S. Enough ‘Property’ for Ch. 15 Filing
(DBN)

______________

Miscellaneous:

Fifth Circuit Report: 4th Quarter 2017
(DBN)

______________

Consumer Bankruptcy:

People’s Pre-Bankruptcy Struggles -- New Paper from the Consumer Bankruptcy Project
(DBN)

______________

Mediation:

A Federal Rule is Needed for Mediation Mandates
(DBN)

______________

IP:

First Circuit Holds Rejection of Trademark License Leaves Licensee With Only a Claim for Pre-petition Damages – No Right to Continued Use of Trademarks; Court Upholds Termination of Exclusive Distribution Rights
(DBN)

______________

Corporate Reform:

Banks have been fined a staggering $243 billion since the financial crisis
(DBN)

HSBC Faces $1.5B In Fines From Swiss Tax Evasion Probes
(DBN)

Senate Moves on Rolling Back Bank Regulations
(DBN)

______________

Soccer:

AC Milan chief Yonghong Li: Bankruptcy claims are 'fake news' Milan President Issues Statement to Strongly Deny Untrue Bankruptcy Claims
(DBN)

______________

Food/Beverage:

Focus turns to house in Erie County Farms' bankruptcy
(DBN)

Report: Restaurant.com lawsuit accuses CEO of bringing company to 'brink of bankruptcy'
(DBN)

Report: Two supermarket chains possibly eyeing bankruptcy
(DBN)

Winn-Dixie parent prepping for third bankruptcy, report says
(DBN)

______________

Aviation:

Meet the man who led Hawaiian Airlines from bankruptcy to billion-dollar business
(DBN)

______________

Personal Finance:

How tough surprises can help you become more realistic about money
(DBN)

The serious financial considerations of marrying later in life
(DBN)

The financial magic of living like a minimalist
(DBN)

Why I ditched my big house to live in a 180-sq-ft RV with my family of five
(DBN)

______________

Guitars:

Gibson Guitar's CEO Responds to Mounting Bankruptcy Concerns
(DBN)

Gibson creditors are said to want new CEO before rescue deal
(DBN)

______________

Non-Profits:

After bankruptcy dismissal, High Tech Foundations looks forward
(DBN)

______________

Education:

St. Gregory’s University files for Chapter 7 bankruptcy
(DBN)

______________

UK:

MPs release report detailing RBS mistreatment of struggling businesses during and after the financial crisis
(DBN)

750 KFCs in Britain are closed because they ran out of chicken
(DBN)

May Under Pressure After Tory Hardliners Demand Clean Brexit
(DBN)

U.K. jobless rate unexpectedly increases
(DBN)

Boris Johnson: Brexit is a Mess
(DBN)

______________

PIIGS:

ie: Banks should have agreed debt deals, says insolvency director
(DBN)

______________

Canada:

Orphan well clean-up costs could sting Alberta taxpayers if regulator loses court battle
(DBN)

Is Canada's Middle Class Shrinking?
(DBN)

______________

Brazil:

Brazil Government Acknowledges Pension Bill Going Nowhere Protests Held in Brazil's Largest City against Pension Bill Temer Pension Reform Can't Get No Traction
(DBN)

______________

MENA:

Long-awaited bankruptcy law sparks optimism in Egypt
(DBN)

Saudi: New bankruptcy law a step in right direction: Experts Bankruptcy bill seen boosting investment into Saudi Arabia
(DBN)

Legal Implications of UAE's Insolvency Law
(DBN)

______________

India:

Creditsights' Marshall Says India Tackling Bankruptcy Law
(DBN)

Arun Jaitley breaks silence on PNB fraud, RBI forms panel to curb bank scams
(DBN)

Donald Trump Jr. says his father being in office is hurting his ability to move property in India
(DBN)

No decision yet on how much Air India stake up for sale: Raju
(DBN)

Arcelor, VTB Hit Snag in Pursuit of $6 Billion Indian Steelmaker
(DBN)

Debt-ridden farmer commits suicide
(DBN)

Donald Trump Jr. says he likes India’s poor people because they ‘smile’
(DBN)

The Black Hole Of Interim Finance Under Insolvency And Restructuring Regime.
(DBN)

No Buyers for Indian Bonds Means More Pain for Modi's Debt Plan
(DBN)

How a $1.8 Billion Indian Bank Fraud Lasted Seven Years
(DBN)

______________

Ukraine:

Ukraine and IMF: Critical point
(DBN)

______________

Croatia:

Croatia's Agrokor faces another setback as crisis manager quits
(DBN)

______________

Russia:

Creditors reject Russian Standard Ltd restructuring plan
(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 2018