February 8, 2018

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Citi Report: Strong Fourth Quarter Pushes 2017 Financials Past 2016 Results
(DBN)

Associate Bonus Watch: Good News (And Bad) From A Texas Powerhouse
(DBN)

Leading Bankruptcy and Restructuring Partner to Join Latham & Watkins in Los Angeles
(DBN)

Mark Dendinger Elected to Bracewell Partnership
(DBN)

Gibson Dunn Settles Billing Workers’ Age Bias Suit
(DBN)

Law firm sued for millions in malpractice damages by clinical lab founder already paid $20M to lab's bankruptcy trustee
(DBN)

Several groups of lawyers leave Andrews Kurth Kenyon amid reported merger agreement
(DBN)

Philly Biglaw Firm Makes It Easy For Attorneys To Celebrate Eagles’ Super Bowl Win
(DBN)

Linklaters becomes first magic circle firm to reveal gender pay gap stats
(DBN)

Clark Hill, Strasburger & Price Latest Law Firms to Talk Tie-Up
(DBN)

Andrews Kurth, Hunton & Williams Leaders Sign Off on Merger Deal
(DBN)

A Library Without Books? Purging Dusty Volumes
(DBN)

Legal Tech: Trends to Watch in 2018
(DBN)

Trifecta of Change: How Innovation Takes Shape at Law Firms
(DBN)

Things You Can’t Unsee: The Managing Partner In His Underwear
(DBN)

Nixon Peabody May Avoid Ouster for Conflicted Lateral
(DBN)

Don’t Make These 7 Mistakes When You Need To Refer A Case Out
(DBN)

Unhappy with 53 law firms participating in case, judge appoints special master to review legal bills Judge Isn’t Mad, She’s Just ‘Disappointed’ Over Class Action Legal Bills
(DBN)

Trump Is Driving His Lawyers Towards An Ethical Quandary Trump Likely Can't Avoid Talking to Mueller Key Trump allies are reportedly encouraging him to compromise with Mueller The Trumping of the FBI What happens if Trump is subpoenaed by Robert Mueller? Trump Has a Clear Path to Refuse Mueller The making of the Steele dossier President Trump calls new FBI texts 'bombshells' Comey's FBI Knew About Clinton Emails One Month Before Alerting Congress White House Expected to Approve Dem Memo Release: Source Schiff: Bannon, Lewandowski refusing to be questioned by House Intel FBI agent's text suggests Obama wanted to 'know everything' the bureau was doing Russians ‘successfully penetrated’ U.S. voter rolls in 2016, DHS says Bush: Russia Meddled in 2016 Election
(DBN)

Law's Voldemort moment - why we have decided not to name the Bakers partner at the center of the assault scandal Report: Nicole Eggert Files Police Charges Against Scott Baio White House aide denies abuse allegations but resigns Former Wives of Top White House Aide Rob Porter Both Told FBI He Abused Them John Kelly says he was 'shocked' by abuse allegations against Rob Porter, but multiple news reports say the White House knew about them for months 'He punched me in the face': The shocking allegations of abuse against the top White House staffer who just resigned Top White House staffer reportedly dating communications director Hope Hicks resigns after ex-wives allege years of abuse Women compose 51 percent of the population. Their representation in politics doesn’t come close Investor Files Harassment-Related D&O Claim Against Wynn Resorts Board
(DBN)

Christine Beshar, Cravath's First Woman Partner, Dies At 88
(DBN)

91,000 au pairs in class action over pay
(DBN)

Former South Carolina law firm manager charged with theft
(DBN)

Ex-lawyer on the lam is shot and killed by Florida deputies
(DBN)

BofA Brings in Law Firm to Examine $292 Million Charge BofA Hires Law Firm To Tell It How Not To Lose Nine Figures On South African Mattress Companies Anymore
(DBN)

Lawyer pleads guilty to aiding pump-and-dump scheme with IOLTA funds, opinion letters
(DBN)

Baker Can Refuse to Make Cakes for Same-Sex Weddings, Judge Says
(DBN)

Ex-Paralegal Pleads Guilty To Stealing From Clients
(DBN)

Feds to Drop Charges Against Bundy Militia
(DBN)

Judge says ex-Sutherland partner is competent for trial, cites ‘snowball effect’ in prior diagnoses
(DBN)

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Judges:

Kozinski Case Highlights Need For Deep Judicial Reforms
(DBN)

Jared Fogle Thinks Judge Is Biased Because of Her Teenage Daughters
(DBN)

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Wall Street:

Dow poised to edge up as traders lick their wounds after a punishing stretch Stocks look weak again ahead of the open, as wild swings in the market keep investors on edge
(DBN)

China: Major stocks are still getting smashed U.K. stocks return to red with BOE’s ‘Super Thursday’ ahead European stocks head lower after Wall Street fails to rebound
(DBN)

Dow soars 350 points as wild ride on Wall Street continues US stocks drift higher after wobbling for much of the day S&P 500 closes lower in biggest reversal since February 2016 as rates pop U.S. Stocks' Bumpy Ride Resumes
(DBN)

How robot trading has hijacked the stock market
(DBN)

Billionaire investor Cooperman: 'Crazy' securities are destroying the best capital market in the world
(DBN)

One of the biggest narratives behind why the stock market just went haywire is wrong
(DBN)

Trump tweets: Stock market decline was 'big mistake' when there's 'good news' about the economy What Trump Misunderstands About Why Stocks Fluctuate Trump Finally Comments on the Stock Slump—by Arguing With It
(DBN)

Cramer: The recent market swings show the 'Trump rally' was never about Trump
(DBN)

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Layoffs:

Akamai has laid off 400 workers, 5 percent of global workforce
(DBN)

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Politics:

Secretary of State Rex Tillerson: Russia is already trying to interfere in US midterm elections
(DBN)

Hope Hicks reportedly volunteers to tell Trump bad news because he takes it better from her
(DBN)

The Rise and Fall of John Kelly's Reputation
(DBN)

Hair-raising moment: gust of wind lifts lid on mystery of Donald Trump's mane President Trump's Bad Hair Day Goes Viral
(DBN)

GOP senator on Trump's military parade: "Confidence is quiet, insecurities are loud" Trump Wants a Military Parade—So What?
(DBN)

What It May Take to Strike a Segregationist’s Name From a Georgia Bridge: Hundreds of Girl Scouts
(DBN)

Former Attorney General Eric Holder hints at a possible run for president in 2020
(DBN)

Nancy Pelosi's all-day marathon speech for DACA sets record as longest continuous speech since at least 1909
(DBN)

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Circuses:

Life Beyond the Three-Ring Circus - Why 'The Greatest Show on Earth' foundered
(DBN)

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Newspapers:

Bids for Gazette-Mail won't disclose plans for employees
(DBN)

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Hotels:

TX: Wyndham Garden Hotel operators lose lawsuit as City of Amarillo seeks occupancy taxes amid bankruptcy
(DBN)

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Consumer Finance:

The Bootstrap Trap
(DBN)

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Economy:

King Says Global Debt May Contain Seeds of Next Financial Crisis
(DBN)

Fed's Kaplan says US growth could slip in the coming two years
(DBN)

Should markets be worried about inflation? Here’s what to know
(DBN)

Neel Kashkari says he has one word for people who complain about the Fed's low interest rate policy
(DBN)

Market Turmoil Isn't Enough to Make the Fed Change Its Plans New Fed Chairman Powell could have a few surprises in store for the market
(DBN)

Companies have doubled purchases of their own stock since Trump signed tax bill Democrats slam Republican tax cut for $97 billion wave in corporate share buybacks New Tax Law's Subversion of Public Schools Nissan lifts profit outlook on U.S. tax charges
(DBN)

U.S. Prime Working-Age Population Since 1948
(DBN)

Budget deal would just keep the crazy spending going Senate leaders reach agreement on two-year budget deal Can Speaker Ryan Convince House Republicans to Support the Budget Deal? Senate Deal Would Avoid Shutdown as Funding Fight Turns to House Senate eyes deal to raise budget caps by $300 billion over 2 years: Sources Nancy Pelosi signals potential trouble for deal to avoid government shutdown House Democrats demand immigration bill vote as part of budget deal Congress is close to the mother of all budget deals of the Trump era — get ready for a wild 48 hours Dollar rides to 2-week high on wave of U.S. budget deal optimism Under GOP control, budget deal blows through spending caps Breakthrough or Disaster? 7 Takes on the $400 Billion Spending Deal Dear Republicans, What About Those Deficits?
(DBN)

Moody’s Expects The U.S. To Continue To Meet Debt Obligations
(DBN)

Trump’s paid family leave plan would punish those who choose to have kids Senators are split on whether America deserves the wealthy world’s stingiest maternity leave policy, or just the fourth-stingiest New Paid Leave Plan Would Be Built On Social Security
(DBN)

Privatizing Roads Was a Great Idea. Not Anymore.
(DBN)

Ranking the Most (and Least) Productive Countries
(DBN)

The coming conflict between millennials and boomers
(DBN)

This state has had the highest number of millionaires for 7 years running
(DBN)

It's Beginning to Look a Lot Like the Gilded Age
(DBN)

Chart: The Population Rank of Every U.S. State Over 100 Years
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Deficiency Claims: State Law Procedures Can Safely Be Ignored … Or Not
(DBN)

Mortgage volume barely budges ahead of busy spring season MBA: Mortgage Applications Increase Slightly in Latest Weekly Survey
(DBN)

Americans gain confidence in housing as home prices rise
(DBN)

Leading Index for Commercial Real Estate "Falls" in January
(DBN)

Las Vegas Real Estate in January: Sales Up 5% YoY, Inventory down 35%
(DBN)

Walter Investment reveals new date for bankruptcy exit, name change
(DBN)

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Municipalities:

Puerto Rico May Get $2 Billion for Power Grid, Governor Says
(DBN)

ABI Endowment Fund & Mariano Rivera Foundation Benefit for Puerto Rico
(DBN)

How Last Year's Hurricane Season Decimated the Virgin Islands
(DBN)

What two year budget deal means for infrastructure, Puerto Rico
(DBN)

Puerto Rico Plays A Dangerous Game of Cat and Mouse
(DBN)

Puerto Rico in line for nearly $5 bln in federal aid for Medicaid
(DBN)

Post- bankruptcy California city tests 'universal' income for residents
(DBN)

Illinois Is Awash in Debt Even Before 2019 Budget Pitch
(DBN)

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Oil/Gas:

United States will be a net energy exporter by 2022, Energy Dept says U.S. Oil Production Is Rising Much Faster Than Expected
(DBN)

Rising oil prices are making more extraction methods viable
(DBN)

Future U.S. electricity generation mix will depend largely on natural gas prices
(DBN)

California says it will ban crude from Trump offshore drilling plan
(DBN)

U.S. judge says 'telling evidence' against Uresti, denies request to acquit
(DBN)

Oil World Turned Upside Down as America Sells Oil in Middle East
(DBN)

Oil slides as US output soars and North Sea crude flows restart
(DBN)

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Currency:

Regulating Cryptocurrencies Proving Tough, Watchdogs Say
(DBN)

Bitcoin on Credit? For 20 Percent of Owners, That's a Yes
(DBN)

Securities Cops Wary Of Bitcoin Morphing Into Madoff
(DBN)

Cryptocurrencies are rising despite the World Bank president calling the market a Ponzi scheme Bitcoin Jumps $2,000
(DBN)

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Education:

How Hard Do Professors Actually Work?
(DBN)

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Football:

No, Jaguars NFL team didn't declare bankruptcy after players took a knee
(DBN)

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Fraud:

9th Circuit upholds $25M Trump University settlement that gives ‘almost a full recovery’ to students
(DBN)

DOJ Charges 36 In $530M Fraud Forum Takedown - Motto: "In Fraud We Trust"
(DBN)

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Paper Products:

Cenveo Folds Chapter 11 Plan Around Deal With First Lien Bondholders
(DBN)

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Student Debt:

House Republicans propose to open floodgates to federal funding of low-quality for-profit, online degrees
(DBN)

Canceling $1.4 trillion in student debt could have major benefits for the economy
(DBN)

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Banking:

What Wachtell Is Saying About the Fed's 'Stinging Rebuke' of Wells Fargo
(DBN)

Rabobank To Pay $368M To Resolve US Money Laundering Case
(DBN)

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Finance:

Bankrupt Payday Lender Can't Move CFPB Suit To Texas
(DBN)

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Healthcare:

Congress keeps undoing its own efforts to control health care costs
(DBN)

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

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Tech:

Goldman: No 'super cycle' for Apple as iPhone X demand is ‘weakening’
(DBN)

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New Bankruptcy Opinions
(7 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (15 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (5 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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Venue:

Delaware leaders and experts rally against bankruptcy reform
(DBN)

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ERISA:

RadioShack Defeats Challenge to Stock Losses in 401(k) Plan
(DBN)

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TBTF:

Bankruptcy's Lorelei: The Dangerous Allure of Financial Institution Bankruptcy
(DBN)

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Priorities:

First Circuit’s Old Cold Decision Cools Fears of Expanded Scope of Jevic’s Reach; Declines to Apply Jevic to Disturb Assumption of Liabilities in 363 Sale that may have Violated Absolute Priority Rule
(DBN)

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Autos:

For 3rd time, General Motors seeks to avoid Takata recalls
(DBN)

Tesla Reports Worst Quarterly Loss Ever Tesla posts narrower than expected loss, says it's on track to meet Model 3 production goals Tesla delivered 1,500 Model 3s to customers last quarter, says production numbers are on target Tesla revenue rose 55% in 2017 Elon Musk: Model 3 production problems stem from Tesla getting 'overconfident' and 'too comfortable' Elon Musk predicts profit at Tesla in 2018, and much more
(DBN)

A car ad in space finally brought the country together SpaceX Stuns the World
(DBN)

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Tax:

Taxpayers in this city owe the IRS big time
(DBN)

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Retailing:

Toys R Us begins liquidation sales ahead of store closings Toys R Us cuts prices by up to 30% as store-closing sales begin Hasbro shares soar on brand's confidence it can survive Toys R Us bankruptcy Toys R Us Gets OK On Store Closures, Employee Bonuses
(DBN)

Hasbro CEO deflects question on Mattel talks: 'We first and foremost are investing in our business'
(DBN)

Bon-Ton Stores Is On The Prowl For A Sponsor Some creditors want Bon-Ton Stores Inc. to liquidate, but court approves retailer's plan to keep operating for now
(DBN)

Maryland transportation chief pledges ‘blank check’ to clinch Amazon’s HQ2
(DBN)

Steinhoff Lender Natixis Follows Commerzbank in Debt Sale
(DBN)

Amazon to deliver Whole Foods groceries in two hours for Prime users
(DBN)

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Corporate Governance:

Why breaking into the boardroom is harder for women
(DBN)

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Amusement Parks:

Here are the bankruptcy sale details on Schlitterbahn Corpus Christi
(DBN)

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Student Debt:

District Court Reassesses Evidence of Undue Hardship
(DBN)

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Travel:

Flight diverted after n--- passenger barricades self in bathroom
(DBN)

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Corporate Reform:

The Alarming Destruction of the CFPB
(DBN)

Mick-Mulvaney-Think
(DBN)

English v. Trump Amicus Brief
(DBN)

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Personal Finance:

Parents are selling their homes, dropping $100,000+ to fund kids’ extracurricular activities
(DBN)

Giving Up Uber Could Save You $323,000
(DBN)

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UK:

A house narrower than a subway passenger car is for sale in London for $1.4 million
(DBN)

George Soros is backing a campaign to stop Brexit
(DBN)

Brexit: 12 Banks Plan EU Expansions
(DBN)

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EU:

Weidmann: ECB should wind down QE after September
(DBN)

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PIIGS:

Citigroup Wins Dismissal of $2.2 Billion Claim by Parmalat
(DBN)

Greece still waiting for dust to settle
(DBN)

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Canada:

After setback, fight continues for Canadian PACA-like trust
(DBN)

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MENA:

Knesset panel advances revolutionary bankruptcy legislation
(DBN)

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India:

Cabinet okays Insolvency and Bankruptcy Code Bill
(DBN)

MAT relief for companies facing insolvency may kindle investor interest
(DBN)

Insolvency Law: Fair Value Made Mandatory To Get Fairer Bids
(DBN)

Air India's wait for turnaround continues, airline's net loss widens
(DBN)

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Hong Kong:

Walkers further strengthens Asia and Middle East Insolvency, Restructuring and Dispute Resolution practice with the addition of Callum McNeil to its Hong Kong office
(DBN)

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Brazil:

Judge says Oi shareholders meeting has no effect on restructuring
(DBN)

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Romania:

Romanian insolvencies stand twice higher than the ECE average
(DBN)

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Germany:

Germans win a 28-hour work week
(DBN)

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China:

HNA 'misses payment' on $272 mln loan as liquidity pressure mounts
(DBN)

China conglomerates aim for reset in tighter credit environment
(DBN)

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