Daily Bankruptcy News
January 17, 2018


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Law:

Weil, King & Spalding Add Kirkland Bankruptcy Partners Weil Adds Bankruptcy and Restructuring Partner Ryan Preston Dahl in New York King & Spalding’s Chicago Office Adds Financial Restructuring Partner Bradley Giordano
(DBN)

The Firms That Dominated In 2017
(DBN)

Ex-Katten Distressed Debt Partner Launches Legal-Focused Investment Firm
(DBN)

Shareholder’s $300M suit accuses employment firm Ogletree Deakins of gender bias Am Law 100 Firm Hit With $300 Million Gender Discrimination Lawsuit
(DBN)

Farrell Fritz: How Recession Created Competitive Advantage for Midsize Firms
(DBN)

Program enables poor to more easily file for bankruptcy
(DBN)

Words That Matter: Joe Biden’s Powerful MLK Day Speech
(DBN)

Recent Law School Grads Wary About Degree's Value
(DBN)

Less than half of recent law grads had good jobs waiting for them after graduation, report says
(DBN)

Yes, Going To Law School During The Great Recession Turned Out To Be A Terrible Idea
(DBN)

Blockchain, Millennials, And The Law – The Times They Are A-Changin’
(DBN)

Reboot Your Firm For 2018
(DBN)

Perhaps Lawyers And Technology Can Never Be Just Friends
(DBN)

Steve Bannon has been subpoenaed to testify before a grand jury in Mueller's Russia investigation 'Total free-for-all' as Bannon clashes with Intel members Intel Dem decries White House 'gag order' after Bannon testimony Steve Bannon Grand Jury Subpoena: The Question Isn’t ‘Why,’ It’s ‘Why Did We Find Out’ FBI agents went to Bannon's home with Mueller subpoena Bannon refuses to testify about White House tenure House panel subpoenas Bannon after he refuses to answer questions, citing executive privilege Bannon Refuses to Testify About Trump, Citing ‘Novel’ Definition of Executive Privilege Report: Corey Lewandowski hires lawyer for Russia investigation If the past is any indication, Trump's testimony to Mueller could be a train wreck Bannon to tell-all again — this time to Mueller Report: Bannon won't stay silent with Mueller Manafort, Gates Trial Delayed Until Fall At Earliest
(DBN)

These Trump Tweets Are 'Not Law,' Harvard Law Review Study Says
(DBN)

The UPenn student who was found dead last week was stabbed more than 20 times
(DBN)

Is sweet spot for avoiding academic attrition at law schools a median LSAT of at least 150?
(DBN)

Pittsburgh firms team up to offer AI contract review software to clients
(DBN)

The heads of one of the biggest video game studios have been accused of inappropriate behaviour Growing number of actors renouncing Woody Allen Aziz Ansari and the Paradox of ‘No’
(DBN)

DHS secretary, under oath: "I did not hear that word used" Trump can't be shamed into a DACA deal, even with a government shutdown looming Justice Department says it will petition Supreme Court to review DACA lawsuit A bipartisan group of lawmakers believe their immigration deal with Trump was hijacked by hardline conservatives within a period of 2 hours 'S---hole,' 'S---house,' or 'S---storm': GOP struggles to spin Trump's reported comment on immigration Dem Ire, GOP Dodge On Trump Meeting Roil DACA Hearing Details of Latest Bipartisan DACA Deal
(DBN)

DHS preparing to arrest leaders of sanctuary cities
(DBN)

Thieves steal car from good Samaritan trying to save child
(DBN)

Police still baffled by discovery of 13 starved, abused siblings California couple's ordinary home held torture chamber California couple accused of torture brought 13 kids along when they renewed vows Aunt of 13 kids found shackled inside squalid California house of horrors reveals their ‘strange’ and secret upbringing ‘Horror house’ parents forced kids to march at night: neighbors Mother of children kept in filthy conditions ‘perplexed’ at police interest California Couple's Ordinary Home Held Torture Chamber Shackled kids’ dad fought to keep muscle car in bankruptcy
(DBN)

Ex-CIA officer arrested, suspected of spying for China and betraying informants who were then killed
(DBN)

U.S. Navy officers to face charges of negligent homicide for fatal ship collisions
(DBN)

Amish family ordered by state appellate court to use electric sewer pump
(DBN)

A new report finds that white supremacists committed the largest share of domestic-extremist related killings last year
(DBN)

Someone In Biglaw Absolutely Has To Buy This Wacky Phone Helmet
(DBN)

Tiffany Trump Uses Break From Georgetown Law To Act As Flower Girl At Platonic Wedding Of Fellow Rich Kids
(DBN)

Glenn Frey's Widow Files Wrongful Death Suit
(DBN)

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Judges:

BK MD LA: Closed Due To Weather BK NH: All 1/17 Hearings Rescheduled Due To Weather BK SD TX: Galveston Closed in Morning Due To Weather 4th Cir. Richmond Office Closed
(DBN)

Federal court tosses judge’s suit against sheriff who investigated her for releasing courtroom video
(DBN)

Texas justice tweets in his Camry’s persona
(DBN)

John Ninfo: I can't be the only one noticing these things
(DBN)

Kavanaugh lands in top six in ‘Scalia-ness’ ranking of SCOTUS contenders; who is No. 1?
(DBN)

Judge Who Made Racist Comments To Law Students Resigns
(DBN)

What's Up With the Dearth of SCOTUS Opinions?
(DBN)

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Wall Street:

Dow futures point to a triple digit open, with BofA, Goldman Sachs earnings in focus
(DBN)

Dow turns negative after being up more than 250 points Market closes lower after morning rally
(DBN)

Stock market's wild flip flop comes as warning signs build
(DBN)

Only first-year stock-market gains under presidents Franklin D. Roosevelt and Barack Obama exceeded those under Mr. Trumpýs maiden year in office
(DBN)

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Layoffs:

Walmart to cut jobs at headquarters
(DBN)

Hess reportedly to cut hundreds of workers as it battles activist investor
(DBN)

Yellow Pages Ltd. cuts another 500 jobs as it struggles to survive
(DBN)

Lackawanna County based Technicolor to lay off 160 workers
(DBN)

Hess to cut 300 jobs
(DBN)

Skanska warns on 2017 profit, to lay off 3,000 staff
(DBN)

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Healthcare:

House spending bill would likely reauthorize CHIP for six years
(DBN)

Number of Americans without health insurance spiked by more than 3 million under Trump
(DBN)

Va. Democrats kill hospital bill after GOP senator rebuffs them on Medicaid
(DBN)

Charlotte eye doctor facing harassment allegations files for bankruptcy
(DBN)

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Brokers:

Disagreements between Global Brokerage and US Trustee over Kenneth Grossman’s bonus remain
(DBN)

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Banking:

FDIC Insured Bank and Thrift Failures Since 1934
(DBN)

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Retailing:

Bon-Ton Stores shares drop amid bankruptcy speculation
(DBN)

Beauty retailer Kiko USA files for bankruptcy
(DBN)

Is 2018 the end of the road for Sears or Toys R Us?
(DBN)

Going-Out-of-Business Sales Don't Always Mean Stores Are Closing
(DBN)

These 15 companies are defying the retail apocalypse and opening hundreds of new stores
(DBN)

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Coal:

FERC commissioner says no-vote on Perry's coal plan demonstrated "our independence"
(DBN)

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Economy:

We're about to find out if Trump meant anything he said about taking a jackhammer to global trade deals Kudlow: Trump not inclined to pull out of NAFTA, but status 'is subject to daily change' Trade war ahead? Trump tells China’s Xi that growing trade gap ‘not sustainable’ The Wrong Way to Pressure China
(DBN)

GM China and the Future of Manufacturing
(DBN)

Report: Consumer Delinquencies Vary in Third Quarter
(DBN)

Older Workers are Driving US Job Growth
(DBN)

U.S. Cut to Same as Level as Colombia by Chinese Ratings Firm
(DBN)

NY Fed: "Business activity continued to grow at a solid clip"
(DBN)

Q4 GDP Forecasts
(DBN)

Just 9 of the world's richest men have more combined wealth than the poorest 4 billion people
(DBN)

There is a limit to what can be manufactured in the US, says Fiat Chrysler CEO
(DBN)

Why 2018 could be the year underpaid employees have had enough
(DBN)

Big U.S. lenders reap benefits of higher rates, but savers not so much
(DBN)

Predicting the Next Recession
(DBN)

Congress is hurtling towards a government shutdown — and Trump is making everything worse Dow erases gains, turns negative as possible government shutdown looms Trump claims Democrats 'want to shut down the government' as deadline looms The bill to avoid a government shutdown could include a slew of changes to Obamacare's taxes Trump May Finally Get His Shutdown House Republicans just released their plan to avoid a disastrous government shutdown A government shutdown could send investors for a ride, history shows House Republicans mull funding extension; 'Dreamer' deal not set Freedom Caucus: GOP Leaders Don't Have the Votes to Avoid a Shutdown
(DBN)

The restaurant and construction industries would get hit the hardest if DACA expires
(DBN)

New Tax Law Brings Huge Paper Losses New U.S. Tax Rules Are a Gift to Europe Citigroup reports net loss in Q4 due to tax reform
(DBN)

NAFTA End and US-Canada Energy Trades
(DBN)

NAFTA's Chapter 11 Costs Canada $315 Million
(DBN)

Bond Sell Off Could Trigger Financial Crisis
(DBN)

Chamber of Commerce pushes gas tax to pay for infrastructure
(DBN)

BlackRock’s message to Corporate America: Contribute to society, or risk losing our support
(DBN)

This is how Americans are increasingly wrecking their already pitiful finances
(DBN)

More than 80% of people live within one hour of a city
(DBN)

'Trump is a revolution, unfortunately, and I'm concerned,' Nobel Prize winner Robert Shiller says
(DBN)

Extreme weather and risk of nuclear weapons are the top threats for 2018, WEF says
(DBN)

State, Local Tab for Foxconn Now $4.5 Billion
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Fed Fines 5 Big Banks $35 Million for Foreclosure, Mortgage-Servicing Issues
(DBN)

Calif. Man Cops To Conspiracy For $10.5M Homeowners Scam
(DBN)

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Municipalities:

Puerto Rico Plan Was Doomed Even Before Maria, Stiglitz Says
(DBN)

Meet the Puerto Ricans Who Fled to New York After Maria
(DBN)

Moody's: Massive Population Outflow Will Hit Puerto Rico's Recovery
(DBN)

House bill would punish financially struggling school districts
(DBN)

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Oil/Gas:

Big banks raise oil price targets on strong demand and OPEC output cuts
(DBN)

EXCO Resources, Inc. Files Ch. 11 Bankruptcy EXCO Resources Inc.
(DBN)

U.S. oil industry set to break record, upend global trade
(DBN)

Automakers to Invest $90Bn in Electric Cars
(DBN)

Oil market recovery can't save Exco Resources from bankruptcy
(DBN)

Trump's Offshore Oil Plan Faces Opposition on All Coasts: Map
(DBN)

Oil slips from 3-year high
(DBN)

U.S. expected to become net exporter of natural gas for first time in decades
(DBN)

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Currency:

Bitcoin leads cryptocurrency bloodbath
(DBN)

Bitcoin is a 'pyramid scheme,' warns former Wells Fargo CEO Dick Kovacevich
(DBN)

Cryptocurrency 'bloodbath' enters second day Crypto carnage: Bitcoin briefly dips below $10,000 on Coinbase, and ethereum crashes too Bitcoin and ethereum suffered massive drops, but many cryptocurrencies are faring even worse Is This the Beginning of the End of the Bitcoin Bubble?
(DBN)

Only one major cryptocurrency is gaining amid a market-wide sell-off
(DBN)

Bitcoin attempts to steady after sharp cryptocurrency selloff
(DBN)

Here's how the brutal crypto sell-off has affected the market beyond bitcoin
(DBN)

Some South Africans Are Going Bankrupt Buying Cryptocurrencies
(DBN)

You Were Warned on Bitcoin
(DBN)

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Entertainment:

Potential Weinstein Co. Sale Structure Stokes Victim Concerns
(DBN)

Miramax bid for Weinstein Co. complicates sale process
(DBN)

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Media:

Americans' Faith in the Media Plummets
(DBN)

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Awards:

Matt Barr and Gary Holtzer Named Among Turnarounds & Workouts’ Outstanding Restructuring Lawyers – 2017
(DBN)

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Education:

How admissions at elite colleges aren’t really about merit
(DBN)

Pearson hit again as weak U.S. demand weighs on education group
(DBN)

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Corporate Reform:

CPFB to Repeal Payday Lender's Rule
(DBN)

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Distressed Investing:

A blank check after bankruptcy: Mudrick Capital Acquisition files for a $200 million IPO
(DBN)

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Scrap:

Real Alloy parent's bankruptcy causing concern in scrap industry: panel
(DBN)

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Electricity:

How awful would it really be if SCE&G went bankrupt?
(DBN)

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Radio:

Pacifica seeks loan to avoid bankruptcy Pacifica Offered Bridge Loan To Pay Some Debt, Aid Battle Against Creditors
(DBN)

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Plastics:

Tec Air Acquired by Angstrom USA in §363 Bankruptcy Sale
(DBN)

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Student Debt:

Debtor’s Treatment of Student Loan Outside Plan Not Confirmable
(DBN)

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New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (13 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (3 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:

A Statistical Lookback at 2017 for the Eleventh Circuit with a Focus on Bankruptcy Appeals in Florida
(DBN)

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Bankruptcy Rules:

Bankruptcy Rule Changes: What You Need to Know
(DBN)

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Venue:

Bankruptcy Venue Reform: The End of the Forum Shopping World as we Know It?
(DBN)

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Intercreditor:

Recent Trends in Enforcement of Intercreditor Agreements and Agreements Among Lenders in Bankruptcy
(DBN)

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Estoppel:

Fla. App. Court (4th DCA) Holds Trial Court Improperly Applied Federal Judicial Estoppel Rule to Undisclosed Assets in Bankruptcy
(DBN)

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Modification:

Individual Chapter 11 Plans Also Are Just About Written in Stone
(DBN)

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Mediation:

Alternative Dispute Resolution Act of 1998: A Twenty-Year Anniversary and Impressive Results
(DBN)

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Hotels:

Appellate challenge is next hurdle for Illinois village's hotel Chapter 11
(DBN)

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Travel:

Airlines ground more than 800 flights as winter storm hits Texas
(DBN)

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Telecoms:

Senate Democrats Close to Majority in Drive to Restore Net Neutrality Senate Short 1 for Net Neutrality Protest Vote Sen. Dems. Unite On Effort To Reverse Net Neutrality Order
(DBN)

22 attorneys general file petition to block FCC decision repealing net neutrality
(DBN)

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Religion:

Pope begs forgiveness for church abuse
(DBN)

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Finance:

GE Share Dive on Financial Unit Problems
(DBN)

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Insurance:

GE shocks market with multibillion-dollar loss in legacy reinsurance business GE to Pay $15Bn for Insurance Miscalculations
(DBN)

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Politics:

Trump: I want immigrants "from everywhere" Immigration security report fails to connect with Trump's key reforms
(DBN)

Lindsey Graham: Trump "not well-served" by White House staff
(DBN)

Trump got a perfect score on a screening test for dementia and Alzheimer's — here's what that means Trump's doctor says he 'has absolutely no cognitive or mental issues whatsoever' Trump's doctor says he only sleeps 4-5 hours each night — and there could be a scientific reason why Trump Is Transparent About His Health—So Why Not His Finances?
(DBN)

Report: Fox News declined to publish Trump/p--- star payoff story before election
(DBN)

SCOTUS Rejects Tx. Dem Gerrymandering Case
(DBN)

Trump's Presidency Has 'Accelerated' the Decline of Democracy—Report Report: U.S. democracy has "sharpest one-year drop" in 40 years
(DBN)

7 of 10 on the US National Park Service advisory board resign, saying Trump ignored them
(DBN)

2020 Dems pose a big dilemma for Schumer
(DBN)

GOP Insiders: We're Not Prepared for Election
(DBN)

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UK:

Carillion’s Insolvency – How to Protect Yourself Insolvency warning to small firms hit by Carillion collapse Carillion was left with simply £29m earlier than going bankrupt Carillion collapse: what affected sub-contractors should do Carillion collapse: Vulture funds take a chance by swooping on bonds Carillion creditors could get only 1p for every £1 owed Banks hit back at Carillion supplier payment claims Carillion's Failure: The Many Questions That Need Answers Insolvency warning to small firms hit by Carillion collapse Managing the Carillion meltdown How can Carillion subcontractors get help? UK Insolvency trade body offers advice for small firms 'There is a disaster looming': Carillion collapse could replicate 2008 banking crash Business secretary requests “fast-tracked” Carillion probe Scale of losses for Carillion suppliers revealed Public faces £600m bill for Carillion collapse Carillion: RBS ruined rescue deal by changing the rules, says chief PwC's multiple roles with Carillion come under scrutiny Collapsed Carillion's dividends totaled $1 billion
(DBN)

Now Ukip 'is on the brink of bankruptcy': Party faces fresh crisis as senior party figures demand radical cost-cutting to keep it afloat
(DBN)

FTSE 100 falls for third straight day as Burberry, Pearson drop sharply
(DBN)

Burberry retail sales slip Burberry's Lost in a Fashion Wilderness
(DBN)

'Sharp rise' in NE business insolvency risk
(DBN)

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Canada:

Sears Canada bankruptcy monitor to examine contentious shareholder payments of more than $600M
(DBN)

Sears paid $53-million to lawyers, advisers during insolvency process
(DBN)

NAPE Deal Will Bankrupt Province, says Labour Specialist
(DBN)

Alberta monitors, makes contingency plans on road clearing in U.K. firm bankruptcy Company's collapse leaves contracts for 33,000 km of Alberta highway in question
(DBN)

Ontario government must step in to protect hospital staff and the public in Carillion bankruptcy
(DBN)

Bank of Canada expected to hike key interest rate
(DBN)

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India:

Insolvency resolution professionals seek clarity on compliance when firms turn hostile
(DBN)

IBBI Issues Circular On Fee Payable To Insolvency Professionals
(DBN)

Air India sale to go on, but suggestions welcome: Minister
(DBN)

Insolvency professionals to disclose relationship with related parties
(DBN)

Now, employees step in to save bankrupt companies
(DBN)

India's bankruptcy overhaul tempts distressed investors
(DBN)

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Germany:

Ryanair aims to swoop under AIG's radar German, Austrian administrators cooperate to secure deal for Niki IAG hopes NIKI deal will be 'resolved quickly' Niki administrator yet to decide whether to withdraw appeal
(DBN)

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Australia:

Another hitch to appointing administrators to a registered club in NSW
(DBN)

Auction house Mossgreen collapses owing $12m to staff, wealthy collectors Australia’s Mossgreen auction house and art gallery to close if buyer cannot be found
(DBN)

Liquidator estimates Blue Ribbon creditors owed $11.6m
(DBN)

Andrea Moore collapsed owing millions to creditors
(DBN)

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