January 11, 2018

The Daily Bankruptcy News

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3-Column Formating

 

Law:

New Report Warns of a 'Wake-Up Call' for Stagnant Law Firms
(DBN)

Law Firm Leaders Are Completely Confident That They Don’t Have Much Confidence
(DBN)

Merged Firm Faces $214M Malpractice Suit Over Kaye Scholer Work
(DBN)

The Most Embarrassing Typo In A Lawyer Letter, Ever
(DBN)

Schulte Roth & Zabel Announces Promotions
(DBN)

Facts in Cooley Law School decision weren’t challenged, ABA argues in summary judgment motion The ABA Claps Back Against Cooley Law In Fight Over Admissions Standards
(DBN)

What I Wish I Knew About Student Loans As A First-Year Attorney
(DBN)

Deloitte on the hunt for senior hires as it makes first push into UK legal market Deloitte becomes last of the big four to enter UK legal market with ABS license application
(DBN)

Litigation Funder Burford Says It Poured $1.3B Into Legal Market in 2017
(DBN)

"Why I quit my corporate lawyer job to travel the world"
(DBN)

UK: Deloitte follows rivals into legal services market Big Four bean counter flexes its muscles: Deloitte announces expansion into UK legal market
(DBN)

Weil Gotshal to shutter Budapest office as 20-strong team joins Bird & Bird
(DBN)

Jones Day lawyers defect to Holland & Knight in Mexico City
(DBN)

5 cybersecurity steps you should already be taking
(DBN)

Small and Midsized Law Firms - Posting on Glassdoor Can Be Risky
(DBN)

Legal sector is leading the way for paperless working
(DBN)

How AI is Enabling Law Firms to Adapt to Value-Based Pricing
(DBN)

Firms Need To Re-Evaluate Strategies in a Rapidly Shifting Market: Georgetown Law & Legal Executive Institute Report
(DBN)

2018 will be the year for exploring micro-niches to better serve clients
(DBN)

What You Need To Know About ‘Respectful’ Law Firm Succession Planning
(DBN)

The Changing Look Of The Law Office
(DBN)

Mueller’s obstruction of justice case against Trump looks damning Trump calls on Republicans to 'finally take control' of the Russia investigation This Is How Trump’s Lawyers Are Probably Prepping Him for the Mueller Showdown Mueller taps cyber prosecutor for Russia probe Nearly half of voters expect Trump will be cleared in Russia probe Trump: 'unlikely' To Meet Mueller Trump on potential Mueller interview: 'We'll see what happens' Trump walks back his willingness to testify in the Russia investigation Russian oligarch Oleg Deripaska used details from Mueller's indictment in a new lawsuit against Paul Manafort and Rick Gates How True is the Trump-Russia Dossier?
(DBN)

Profanity in the Legal Workplace
(DBN)

Business Leaders Back DACA Program From Apple to Koch, big businesses say Trump is wrong on immigration Trump wants to remove these immigrants. An ugly bit of history tells us what it could do to the economy Trump can't survive an immigration 'surrender' America's most powerful CEOs urge Congress to get DACA done Trump's DACA Overture Worries Immigration Hawks House GOP Has Hard Line Immigration Plan Trump: No immigration deal without the wall Trump says DACA deal must include border wall, a day after saying he'd sign whatever Congress passed Immigration agents raid dozens of 7-Eleven stores Trump Declares War on Immigrant Employers US immigration agents raided 100 7-Eleven stores in what ICE says is 'a harbinger of what's to come' What Trump said about a Dreamers bill ‘Trump Effect’ Wears Off as Migrants Resume Their Northward Push 40% Fewer Illegals Entering America More than 100 CEOs pressure Congress to pass immigration bill by shutdown deadline Canada is trying to make sure the 200,000 Salvadorans who lost protected status in US don't head north
(DBN)

FBI releases internal memos from week of James Comey's firing: 'We all miss him'
(DBN)

Most young Americans women blame macho culture for toxic workplaces Weinstein Attacked at Scottsdale Restaurant Michael Douglas Denies Harassment After Media Threats Ronan Farrow, the Hollywood Prince Who Torched the Castle James Franco awkwardly addresses claims The #MeToo Movement Has Worked Has the Me Too Movement Gone Too Far? Why Wall Street Hasn’t Had Its #MeToo Moment Yet #MeToo is sweeping through state legislatures
(DBN)

Trump Wants New Libel Laws Trump wants to make it easier to sue the media, but that almost definitely won't happen
(DBN)

Superintendent defends raise challenged by handcuffed teacher Death Threats After Teacher Handcuffed
(DBN)

Robbery at Ritz, millions worth of jewels stolen
(DBN)

Possible Life Sentence for Dallas Woman Who Allegedly Destroyed Tony Buzbee's Art Collection
(DBN)

Missouri governor accused of blackmail during extramarital affair
(DBN)

Starbucks wins dismissal of lawsuit alleging it underfilled lattes
(DBN)

When Mercy Collides With the Law
(DBN)

Hazing death leads to fraternity’s 10-year ban from Pennsylvania
(DBN)

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Judges:

White House calls court's DACA ruling "outrageous" Trump Slams Ninth Circuit After Early DACA Loss Trump calls the court system 'broken and unfair' after judge blocks DACA decision DACA block shows why Trump, McConnell want conservative judges Let’s Do A Close Read Of Trump Undermining Our ‘Court System’ A judge used Trump's own tweets against him in a ruling that blocked the Dreamers program phase-out How an obscure SCOTUS employment ruling put the brakes on DACA rollback
(DBN)

Supreme Court Justices Aren’t Always Successful
(DBN)

Outlook 2018: Federal Judicial Nominations Full-Speed Ahead
(DBN)

Fifth Circuit Nominee Pressed on Rulings Against Women
(DBN)

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Wall Street:

Dow, S&P strive to break free from first loss this year US stock futures eke out gains as investors keep an eye on data, bonds
(DBN)

S&P 500, Nasdaq close lower for the first time in 2018 on China, NAFTA concerns S&P 500, Nasdaq log first down day of 2018 as all major stock indexes drop
(DBN)

Market optimism reaches 'potential danger' sign not seen since 1986
(DBN)

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Layoffs:

Hobbico files for bankruptcy ; layoffs next?
(DBN)

100+ Layoffs expected at Lewiston's Clearwater Paper tissue mill
(DBN)

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Currency:

Warren Buffett says bitcoin 'definitely will come to a bad ending' Buffett partner Charlie Munger says bitcoin, Silicon Valley are bubbles
(DBN)

Jamie Dimon Hasn't Changed Mind on Bitcoin Jamie Dimon’s many bitcoin moments of regret, in one chart
(DBN)

Bitcoin could use more energy than Argentina this year
(DBN)

Kodak shares have more than tripled since company announced its new cryptocurrency 'KodakCoin' The Kodak blockchain experiment This Is Why Experts Are Calling Kodak's New Bitcoin Scheme A Scam
(DBN)

Sears Unsubtly Threatening An ICO
(DBN)

Cryptocurrency markets are tanking after news of shutdown in South Korea Over $100 billion wiped off global cryptocurrency market following talk of South Korea trading ban
(DBN)

US Senate to discuss bitcoin risks with top markets regulators, source says
(DBN)

A major bitcoin conference is no longer accepting bitcoin payments because the fees and lag have gotten so bad
(DBN)

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Politics:

Trump's Debts Are Widely Held on Wall Street, Creating New Potential Conflicts
(DBN)

Trump Proves He's Sane
(DBN)

Trump: Feinstein released dossier transcript in a "possibly illegal way"
(DBN)

South Korean president: 'I believe Trump did a lot' to bring North and South Korea together
(DBN)

A top California Republican is retiring from Congress, giving Democrats a prime pick-up opportunity in 2018 Darrell Issa's Strangely Partisan Trip Is Ending House Republicans keep announcing 2018 departures
(DBN)

Trump sold $35 million in real estate in 2017, mostly to secretive buyers
(DBN)

Oprah would easily beat Trump in a presidential election, poll says Elizabeth Warren on Oprah 2020: "I Don't Know" If America Wants Another Celebrity Billionaire President
(DBN)

Trump welcomes press 'back to the studio' for Cabinet meeting
(DBN)

Bannon's split with Breitbart's top donors could cost him 40% of his income
(DBN)

In a first, federal court strikes down North Carolina congressional remap as partisan gerrymander Still unclear about gerrymandering? See exactly how it worked in North Carolina.
(DBN)

Trump says he wishes US would use hydropower. It already does
(DBN)

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Autos:

Auto Execs Finally Admit Self Driving Future
(DBN)

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Brokers:

US Trustee challenges Global Brokerage’s Chapter 11 bankruptcy plan
(DBN)

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Solar:

As Trump's fossil-fuel 'energy dominance' plan founders, a crucial solar energy decision nears
(DBN)

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Corporate Reform:

Judge: Mulvaney Can Run CFPB Federal Judge, For Second Time, Won't Yank Mulvaney From CFPB Director's Chair
(DBN)

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Economy:

The Fed is worried about what it will do in the next recession and is considering dramatic changes
(DBN)

What If Everyone Got a Monthly Check From the Government?
(DBN)

A record 54 percent of small-business owners report shortage of qualified workers
(DBN)

How stocks are leaving wages in the dust
(DBN)

China Weighs Slowing or Halting Purchases of U.S. Treasuries Reports that China may halt US government bond purchases may be incorrect Beijing Denies Considering Changes on U.S. Treasurys Holdings China just reminded the United States that Beijing is its banker
(DBN)

Fitch Puts Out US Downgrade Warning Again
(DBN)

Trump will deliver a 'very carrot-and-stick' address to billionaires and world leaders at Davos
(DBN)

Minneapolis Fed proposes massive regulation change for big banks
(DBN)

That GOP tax cut may evaporate if you're not careful IRS Quandary Over New Tax Law Some companies have to wait for boost from lower tax rates Wall Street Is Claiming Tax-Cut Bounty for Itself In shift, GOP eyes more funding for IRS to implement new tax law Americans Remain Negative on Tax Bill After Its Passage
(DBN)

Why Bill Gates is no longer the richest person in the world Jeff Bezos’s vast wealth has reached uncharted territory
(DBN)

White men who can’t get STEM jobs say they’re being discriminated against
(DBN)

37% of Gen X say they won't be able to afford to retire
(DBN)

Heavy Duty Truck Orders Surged in 2017
(DBN)

Trump Inclined to Just Fund Infrastructure
(DBN)

Canada Files WTO Complaint Against US 'Canada has just detonated a bomb': Trade relations with U.S. plummet after WTO complaint Report: Canada expects the U.S. to pull out of NAFTA Stocks that benefited under NAFTA fall after report Trump may pull out of trade pact US dollar will get slammed if NAFTA dies, analyst Jens Nordvig says Chamber of Commerce CEO Donohue: Leaving NAFTA would mean 'absolute destruction' for the US economy Canadian dollar, stocks fall on report that Trump may pull out of NAFTA; peso drops Pulling out of NAFTA would be an 'egregiously stupid decision,' says Dennis Gartman Analysts worry ending NAFTA could halt the bull market in stocks Canadian and Mexican currencies dip after report that Trump may pull out of NAFTA Senate Republicans lobbying Trump to stay in NAFTA NAFTA’s Dead. Long Live NAFTA. A Look at the Most Likely Outcomes
(DBN)

Trump's trade tactics are becoming a bigger worry for markets
(DBN)

$26.33 instead of $15.99 a case? Costco shows Seattle customers just how much soda tax costs them
(DBN)

Hey, Rust Belt And Sun Belt: Don't Follow The Coasts
(DBN)

50 Places Raising the Minimum Wage in 2018 Be Careful When Raising Minimum Wages
(DBN)

Cornyn Confident CHIP Will be Funded
(DBN)

Interior plans to move thousands of workers in the biggest reorganization in its history
(DBN)

The places with the biggest job gains and steepest losses are right next door to each other
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Home equity hits record high, and here's how homeowners are spending it
(DBN)

Kansas City Fed on Housing: "Pent-Up Demand and Continuing Price Increases"
(DBN)

The Inland Empire Bust and Recovery
(DBN)

Mortgage Applications Increase in Latest Weekly Survey
(DBN)

Most Americans live in areas where renting is cheaper than buying Why it makes more sense to rent than buy
(DBN)

A plague of million-dollar homes haunts real estate
(DBN)

CA: As the Squireses' bankruptcy case heats up, the couple may be forced to sell off dozens of properties
(DBN)

New York City foreclosures rise to post-crisis high
(DBN)

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Municipalities:

Puerto Rico creditor Aurelius asks U.S. judge to throw out bankruptcy
(DBN)

Ex-SGs Square Off Over Puerto Rico Board Constitutionality
(DBN)

Puerto Rico fiscal plan revision delayed until Jan. 24
(DBN)

Puerto Rico launches bid to become 51st state Puerto Rico demands statehood, introduces shadow lawmakers to Congress
(DBN)

Senators eye Puerto Rico Medicaid funding for disaster bill
(DBN)

Armed Federal Agents Enter Warehouse in Puerto Rico to Seize Hoarded Electric Equipment
(DBN)

The American cities with the healthiest economies
(DBN)

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Oil/Gas:

The Trump administration is removing Florida from its offshore drilling plan because the state is 'obviously unique' — and other coastal states are furious BP CEO on new offshore drilling: Meh Governors: How Did Florida Get Out of New Offshore Drilling? Mar-a-Lago and No Florida Offshore Drilling Coastal governors from both parties want offshore drilling exemptions
(DBN)

U.S. oil settles above $63 for the first time in more than 3 years
(DBN)

2018 will be the year oil markets become balanced, UAE oil minister says
(DBN)

Hornbeck Offshore: Discussion Of Survival Chances
(DBN)

Billionaire Fredriksen ‘Central’ to Seadrill Solution, DNB Says
(DBN)

New York City Sues Five Oil Companies, Including Shell, ExxonMobil, Over Climate Change Impact Exxon, BP, Chevron, Shell Hit With NYC Climate Change Claims NYC Pensions To Quit Investments In Fossil Fuels New York City vs. Big Oil
(DBN)

Threat of the Coming Return of $3 Gasoline
(DBN)

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Personal Finance:

Recruiters reveal exactly what they're asking your references
(DBN)

The strategy one NBA star uses to save half his income is one almost anyone can use
(DBN)

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Travel:

New air travel ID gets 11th hour reprieve; Rules pushed back to 2020
(DBN)

The Best and Worst U.S. Airlines of 2017
(DBN)

Inside the 4 Day Disaster at JFK International
(DBN)

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Autos:

US law firm accuses Ford of rigging trucks to cheat emission tests
(DBN)

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Healthcare:

Green Valley Hospital CEO: We will exit bankruptcy status by February
(DBN)

Hospitals still crave admissions
(DBN)

The Economy Tamed Health-Care Costs. That's Ending
(DBN)

Supply, Not Despair, Caused the Opioid Epidemic
(DBN)

21st Century Oncology Receives Court Approval of Plan of Reorganization
(DBN)

Insolvent New Mexico Obamacare Co-op Boasted Six-Figure Salaries
(DBN)

Trump orders mental health aid for military veterans to prevent suicide
(DBN)

Some states will start requiring Medicaid users to go to work
(DBN)

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Newspapers:

Herald publisher was earning close to $1 million before bankruptcy
(DBN)

Rubenstein wants agreement with ex-wife Rogoff kept out of court
(DBN)

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Coal:

Armstrong Creditor Panel Agrees to Back Plan After Recovery Boost
(DBN)

Coal CEO Slams Trump for Regulators Trump ally Robert Murray slams Trump energy appointees for rejecting coal power subsidy
(DBN)

Coal executive's 'wish list' finds success under Trump Coal baron's 'action plan' became Trump policy initiatives
(DBN)

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Religion:

Catholic abuse survivors ask bankruptcy judge to let state trials proceed
(DBN)

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Fraud:

U.S. SEC seeks trustee for firm behind alleged $1 bln Ponzi fraud
(DBN)

He’s missing. His truck was found near Swan Falls. Now, he’s been indicted and creditors have filed involuntary bankruptcy
(DBN)

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Aviation:

Silver Airways to acquire Seaborne Airlines
(DBN)

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Distressed Investing:

Going Bust Is Out of Style and Junk Bonds Are Hunky Dory
(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 (19 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (22 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:

Cornyn, Warren Introduce Bill to Prevent ‘Forum-Shopping’ in Bankruptcy Cases
(DBN)

Bill in Senate could impact Delaware's bankruptcy court
(DBN)

Prominence of Delaware bankruptcy court threatened
(DBN)

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Litigation:

The Dreaded eDiscovery Budget
(DBN)

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Insurance:

Key D&O Insurance Coverage Appeals to Watch This Year
(DBN)

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Retailing:

Sears warns it will consider 'all options' if efforts to refinance $1 billion in debt fail Sears Raises $100M in New Financing, Eyes $200M in Cost Cuts Sears Lines Up $100 Million In New Financing After Holiday Season Sears Obtains New Financing Amid Lower Sales Sears Holdings Announces Plan to Enhance Liquidity and Accelerate Return to Profitability Sears had a miserable, miserable Christmas Another Year, Another Disaster for Sears The Sears Holdings Death Spiral Continued Over the Holidays
(DBN)

Retailers are facing a brighter new year — but there will be casualties
(DBN)

Vulture capitalists are killing off retail jobs
(DBN)

Retailer A'Gaci files for bankruptcy protection San Antonio women's fashion retailer A'Gaci enters bankruptcy
(DBN)

These stores made big moves to defy the retail apocalypse
(DBN)

Kohl's ready to partner with grocer or convenience store to fill vacant store space
(DBN)

Steinhoff races to plug short-term funding gap
(DBN)

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Tax:

IRS paid $20 million to collect $6.7 million in tax debts
(DBN)

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Tech:

Warren Buffett still uses a flip phone, despite Tim Cook's best efforts
(DBN)

SNT Media faces four recent lawsuits and may file bankruptcy reorganization
(DBN)

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Weather:

Southern California mudslides: Hundreds still await rescue; 15 dead Oprah’s Home Affected By Southern California Mudslides California mudslides: Rescuer saves 'muddy doll' baby Race to find survivors of fast-moving SoCal mudslides Sheriff "amazed at the intensity" of California mudslides Family rescued from rooftop after mudslide Many in Montecito ignored mudslide warnings — until it was too late Emergency cellphone alerts didn't go out until after mudslides began 15 dead, 24 missing after California mudslides 100 homes destroyed by mudslides These photos show how Southern California has been devastated by mudslides that killed at least 17 people Aerial images show devastation of Montecito mudslides
(DBN)

Why 99% of Australia's Pacific green sea turtles are female
(DBN)

Churches are now eligible for disaster aid; FEMA changed policy after lawsuits
(DBN)

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Student Debt:

Everything you need to know about student loan forgiveness
(DBN)

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Marijuana:

Jeff Sessions Strikes a Blow for World Government
(DBN)

Vermont Moves to Legalize Pot
(DBN)

Trump’s War on Pot Could Split Republicans in 2018
(DBN)

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Brides:

Bridal gowns for $299? Bankrupt store re-opens in Tampa
(DBN)

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Banking:

Full List: Ranking America's 100 Largest Banks 2018
(DBN)

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UK:

Bankruptcy exposed… or not? Bankruptcy exposé misses the target
(DBN)

KPMG to supervise Byron restructure
(DBN)

Brexit could wipe £54 billion and 500,000 jobs from the UK economy by 2030, Sadiq Khan's impact papers warn
(DBN)

Brexit uncertainty means that Nortel administration extension should only be for a year, says High Court
(DBN)

No-Deal Brexit Could Cost 482,000 Jobs in Britain
(DBN)

'Seismic drop': Brexit clobbers City jobs as vacancies fall 37%
(DBN)

Brexit FAQs
(DBN)

What's going on with trade credit insurance?
(DBN)

UK skills shortage hits record worst level
(DBN)

Philip Hammond accuses the EU of not being clear on what relationship it wants with the UK after Brexit
(DBN)

A terrible Christmas for retailers could be disastrous for the UK's economic growth
(DBN)

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PIIGS:

German press: Greece to remain under surveillance until 2059
(DBN)

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Canada:

Another Harsh Lesson Learned Under the Farm Debt Mediation Act
(DBN)

Priority of Claims in a Bankruptcy: Does a Deemed Trust under the Pension Benefits Standards Act, 1985 Rank in Priority to a Secured Creditor?
(DBN)

Judge Ruling Means Pemberton Fans Likely Won't Be Reimbursed
(DBN)

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India:

Insolvency Board to consider cross-border norms
(DBN)

IBA weighs scoring model to help bankers choose insolvency resolution plans
(DBN)

Financial bids for all 12 large NPA accounts by month-end: SBI
(DBN)

2018 will put to test India's Bankruptcy code
(DBN)

Scope of Moratorium under Section 14 of the Insolvency & Bankruptcy Code, 2016 – An Analysis
(DBN)

A bumpy road ahead for RBI
(DBN)

India gets tough on auditors with PwC ban
(DBN)

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Slovakia:

Stricter and personal liability for executives under Slovak insolvency law
(DBN)

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Ukraine:

Deposit Guarantee Fund last week sold insolvent banks' assets worth UAH 273 mln
(DBN)

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MENA:

Egypt's parliament preliminarily approves country's first bankruptcy law New bankruptcy law boosts investment climate
(DBN)

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Croatia:

Agrokor says many of its units are insolvent
(DBN)

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Rwanda:

Business community calls for review of draft law on insolvency and bankruptcy
(DBN)

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Mexico:

US Issues 'Do Not Travel' Warning for Five Mexican States
(DBN)

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Latin America:

The Pensions That Ate Latin America
(DBN)

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China:

China Has a Great Wall of Debt Coming Due
(DBN)

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