January 24, 2018

The Daily Bankruptcy News

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3-Column Formating

 

Law:

You’re Billing Fewer Hours Now Than You Did 10 Years Ago
(DBN)

Former Winston partner appeals decision sending her gender bias case to arbitration
(DBN)

Bankruptcy and Restructuring Partner Lillian Stenfeldt joins Rimon’s San Francisco and Silicon Valley Offices
(DBN)

$20 Million Award to UC Law Schools Shrinks to $150000
(DBN)

Inside Quinn Emanuel’s Bet to Sue Wall Street
(DBN)

Former Dentons associate is sentenced to prison after misdemeanor plea in alleged extortion plot Former Associate Gets Jail Time In Biglaw Extortion Case
(DBN)

Biglaw Firm To Close Three Offices, Likely Perform Layoffs
(DBN)

Single, Pregnant and 40-ish. Got a Problem With That?
(DBN)

T14 Law School Finally Diversifies Its Prestigious Law Review
(DBN)

Trump seizes on FBI agent texts: "one of the biggest stories"
(DBN)

Former national security adviser Michael Flynn concealed his FBI interview from the White House, Trump Trump can't escape the dark cloud of Robert Mueller Mueller interviewed Jeff Sessions, making him the first Trump cabinet member to be questioned in the Russia probe After Mueller spent hours grilling Sessions, Trump may be up next Trump asked acting FBI director who he voted for: report Missing From Mueller’s Interview of Sessions: A Criminal Lawyer Nicolle Wallace: Why the Mueller probe is ‘close to the end’ Nadler: GOP Memo on FBI Misleading GOP escalates law enforcement probes as Russia inquiry heats up Trump says he is not worried, 'at all,' about AG Sessions talking to special counsel in Russia probe Russia is attempting to influence Mueller investigation in an 'ongoing attack,' Democrats say Former FBI Director James Comey was interviewed by special counsel Mueller Report: Mueller seeks to interview Trump on Comey & Flynn firings Sessions orders investigation into FBI officials' texts FBI Agent Was Hesitant to Join Special Counsel Probe Trump denies reports FBI director threatened to resign The backstory on Trump's FBI director threatening to resign
(DBN)

Tesla Driver, Passed Out Drunk, Tells Cops Autopilot Was in Charge
(DBN)

Mother In Torture House Thought Family Was 'Perfect' For Reality TV
(DBN)

GOP congressman says he didn't harass a young female staffer but thought they were 'soul mates'
(DBN)

Dog bites man, man bites dog, then man is arrested
(DBN)

At least 2 students dead, 19 injured in shooting at Kentucky high school
(DBN)

Avvo Acquired By Internet Brands: What Should We Expect?
(DBN)

No Border Wall, No DACA, Trump Tells Democrats
(DBN)

Manhattan District Attorney Says He’ll No Longer Accept Contributions From Lawyers With Cases Before Him
(DBN)

Koch network backing $4 million criminal justice reform initiative
(DBN)

How To Lateral To 2 Different Biglaw Firms On The Same Day
(DBN)

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Judges:

Notice Of Vacancy United States Bankruptcy Judge Fort Worth, Texas
(DBN)

Notice Of Vacancy United States Bankruptcy Judge Shreveport, Louisiana
(DBN)

Notice Of Vacancy - U.S. Bankruptcy Judge Aberdeen, Mississippi
(DBN)

Recall Appointment of Judge Paul G. Hyman, Jr. United States Bankruptcy Judge for Service in the Southern District of Florida
(DBN)

Trump nominates Bankruptcy Judge Summerhays For District Court
(DBN)

Trump Nominates 12 More for Judgeships Nationwide
(DBN)

The White House Isn't Slowing Down On Judicial Nominations Following Last Year's Setbacks
(DBN)

Portrayal of Federal Judge Gerhard Gesell in 'The Post' is a Posthumous Slight Federal Judge Dissed In Oscar-Nominated Feature Film
(DBN)

Neil Gorsuch Dines With US Senators, and It's the Talk of This Town
(DBN)

Coming To A Law School Near You: Justice Ruth Bader Ginsburg!
(DBN)

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Wall Street:

US futures point to a positive open as earnings season rolls on
(DBN)

Nasdaq and S&P 500 close at record highs, Netflix surges Dow ends little changed
(DBN)

GE is a ‘classic falling knife,’ says technician GE earnings: Can it possibly get any worse? GE's 'black box' mystery is freaking Wall Street out
(DBN)

Ray Dalio says market surge may be ahead: 'If you're holding cash, you're going to feel pretty stupid'
(DBN)

'Gut-check correction' to tear up rally, warns long-time bull Jim Paulsen
(DBN)

Wall Street expects the current bull market to make history in 2018
(DBN)

The driver behind the rocketing U.S. stock market probably isn’t what you think it is
(DBN)

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Layoffs:

Kimberly-Clark to Cut 5,000 Jobs Kimberly-Clark says tax bill helps fund plan that includes more than 5,000 layoffs
(DBN)

Self-Driving Cars Will Leave 'Third Of Population Jobless
(DBN)

Billionaire Bill Ackman’s hedge fund lays off staff, including his driver
(DBN)

Technicolor plant announces 160 layoffs
(DBN)

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Solar:

Trump's solar penalties are lighter than the industry feared
(DBN)

Trump was right. The real U.S. solar industry needs those anti-China tariffs
(DBN)

Trump's Solar Tariff Is Bad, But Not a Huge Deal
(DBN)

Trump’s Solar Tariffs Won’t Kill the Industry
(DBN)

Wall Street, Not American Solar, Stands to Gain From Trump Tariffs
(DBN)

JPMorgan, Centerbridge get distressed-debt help from solar tariffs
(DBN)

Trump's Solar Tariffs Skewer $161 Billion Industry Led by China
(DBN)

Trump's Solar Panel Tariff Scrambles Traditional GOP, Democratic Party Views, Maybe Yours Too
(DBN)

Trump tariffs will save some solar jobs and destroy others Trump's tariffs on panels will cost US solar industry thousands of jobs Trump's solar tariffs could put the brakes on rapid job growth in renewable energy How Many Jobs Will Solar Module Tariff Cost?
(DBN)

Trump’s “America First” policy on solar panels will likely benefit… China
(DBN)

Something’s changed about solar power, only in the last year or two
(DBN)

US Tariffs, Aimed at China and South Korea, to Hit Targets Worldwide
(DBN)

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Healthcare:

Trios hires new numbers guy to help navigate bankruptcy
(DBN)

Senate Democrats drop hardball tactic on bill to assist rural hospital
(DBN)

Beyond CHIP: More health programs still in limbo
(DBN)

Mexico slams US decision on solar panels tariff
(DBN)

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Food/Beverage:

Creditors of Haggen bankruptcy tried to get money from Comvest. The judge ruled Monday
(DBN)

Roscoe’s House of Chicken and Waffles Sets March Court Date to Discuss Bankruptcy Roscoe’s Wants to Remain in Business While Paying Off Their $27 Million Debt
(DBN)

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Retailing:

Toys R Us wins court ruling to extend store leases Toys 'R' Us to Pay Landlords to Extend Shop-Closing Deadline
(DBN)

Toys 'R' Us to shut about 180 stores in bid to exit bankruptcy Toys "R" Us says to shut a fifth of its U.S. stores
(DBN)

Fitch downgrades Sears ratings after news of distressed debt exchange
(DBN)

Claire's taps Lazard to deal with debt
(DBN)

Amazon gives in to Massachusetts tax officials and agrees to turn over third-party seller data
(DBN)

Steinhoff creditor groups join forces ahead of a potential debt restructuring Why Steinhoff's complexity may save it
(DBN)

Enough with the doom and gloom. Retail and its real estate have bright spots
(DBN)

Apparel retail is in recovery, but 'pressures remain'
(DBN)

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Baby Products:

The US is in a baby bust, so diaper makers need a new plan
(DBN)

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Politics:

Chuck Schumer yanked his offer to Trump on the wall The Senate and the House couldn't be further apart on what they want an immigration bill to look like White House: Bipartisan DACA deal is "dead on arrival" Why a DACA deal looks so hard to reach
(DBN)

Americans blame Democrats and Trump for the government shutdown, poll says
(DBN)

Gender Gap on Trump Approval Bigger Than Predecessors'
(DBN)

Is this the year Georgia turns blue?
(DBN)

Shark charities flooded with donations after Trump says he hopes sharks die
(DBN)

Tammy Duckworth is pregnant; will be 1st senator to give birth
(DBN)

Complaint Filed Against Trump's Payoff
(DBN)

Is the Tide Turning Against Gerrymandering?
(DBN)

RNC Meeting to be Held at Trump Hotel DC
(DBN)

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Maritime:

Export-Import Bank vows to push restructuring maritime industry
(DBN)

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Debt Collection:

U.S. Supreme Court Declines to Hear Case Challenging the Seventh Circuit's Treatment of Letters Seeking Collection of Out-of-Statute Debt
(DBN)

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Economy:

Jerome Powell gets final approval from Senate to take over as Fed chairman Powell Overwhelmingly Confirmed as Fed Chief
(DBN)

Warren to Trump nominee: 'It would be a mistake to put you on the Fed board'
(DBN)

The Fed Can’t Drive Right Without Brakes
(DBN)

Why massive upheaval at Fed is unlikely to stop bank from three rate hikes in 2018
(DBN)

Optimism in the global economy is tainted by the 'rapid rise' in debt, JP Morgan's Frenkel says
(DBN)

Markets have 'very little capacity' to deal with interest rate moves, Barclays CEO says
(DBN)

America Slips in the Eyes of the World
(DBN)

BLS: Unemployment Rates Lower in 6 states in December; California, Hawaii and Mississippi at New Series Lows Unemployment Rate by State, Current vs. 2007 Recession
(DBN)

"Fifth District Manufacturing Firms Reported Slowing Growth in January"
(DBN)

Goodfriend Tells Lawmakers He Backs Fed's Dual Mandate on Jobs, Prices
(DBN)

JPMorgan Chase is raising wages to as much as $18 an hour as part of a $20 billion investment in its US business
(DBN)

IMF Sees a Global Boom That's Overly Dependent on Easy Money
(DBN)

Despite a brutal 2017, the U.S. dollar may still be 10% overvalued, says IIF
(DBN)

A $445 billion fund manager explains what everyone gets wrong about the economy
(DBN)

Unlike the North, Many in the South See the New Tax Plan as Good News How New York, California and other states are rebelling against the new GOP tax code State Tax Workarounds Could Mean $154 Billion Lost to Treasury 125,000 Disney employees to receive $1,000 cash bonus due to tax reform Tax reform bonuses won't 'move the needle' on wealth gap, Ray Dalio says Tax cuts makes US more attractive to overseas companies, Bank of America CEO says Visa’s 401(k) offer could hit $1 million Kimberly-Clark using tax savings to help pay for job cuts, shareholder returns Federal Tax Cut May Boost State Tax Bills: States Grapple With Federal Tax Cut That May Raise State Taxes JPMorgan Cloaks Business as Usual as a Do-Good Pledge Starbucks to boost worker pay and benefits after US lowers corporate taxes How JPMorgan Will Spend a Big Chunk of Its Tax Windfall U.S. Corporate Bond Market Set for "Modest" Impact from Tax Overhaul - S&P Global US firms will now focus on stock buybacks after tax cuts, David Rubenstein says The U.S. wants to be the new tax haven for tech giants Another Reminder About the Risks of the Tax Cut ‘Big positive surprise’ coming from Trump tax plan, CEOs say
(DBN)

Obamacare taxes, including one on higher-value plans, are suspended in deal to end shutdown Here's the big bill from Congress suspending three Obamacare taxes: $31 billion
(DBN)

Do we need to worry about declining fertility rates?
(DBN)

10 U.S. cities with the best growth, employment, and business opportunities
(DBN)

Trump is wrong. Norwegian immigrants are not better than Haitians for the US economy
(DBN)

The World's Economies Are Growing in Rare Harmony
(DBN)

Trump's latest move could be a sign of looming economic pain
(DBN)

That new washer could be as much as 20% pricier because of new Trump tariff
(DBN)

Trump's solar tariffs could slow down rapid renewable job growth Tariffs on washing machines and solar panels not 'declaration of war,' don't spell end of trade deals Trump's New Tariffs Will Hurt the U.S.
(DBN)

Trump's Trade Policies Worry GOP
(DBN)

Meet the New Leaders on Global Trade
(DBN)

Mr. Trump’s Tariffs Will Not Bring Back Manufacturing Jobs
(DBN)

Wilbur Ross: Trade wars aren't new but 'US troops are coming to the ramparts'
(DBN)

Trump says he will push investment in the US at elite gathering in Davos At Davos, CEOs must address income inequality Trump is taking a big group to Davos: Read the full list World leaders rally against 'protectionism' before Trump gets to Davos The global economic risks that could shatter Davos' optimism The Davos view: action on climate and renewables despite Trump Davos Warms to Trumponomics ‘America First is not America alone’: Trump aims to reset global opinion about him in Davos
(DBN)

Dollar falls to 3-year low as Treasury’s Mnuchin cheers a weaker buck in Davos Mnuchin Says Weaker Dollar Helps American Economy
(DBN)

Canada agrees to sign revised TPP and hopes to persuade Trump on NAFTA NAFTA negotiators open key round of talks; Trump cites progress Trump Swings Into Action on Trade, Adds Edge to NAFTA Talks Mexico's Peso Pares Loss on Optimism From NAFTA Chief The definitive guide to Trump's positions on NAFTA The NAFTA Talks Just Got Harder
(DBN)

U.S. Allies Shift Trade Priorities as Trump Rolls Out 'America First'
(DBN)

As U.S. Fires Trade Shot at China, Multinationals Caught in Crossfire
(DBN)

Targets of Trump Tariffs Say U.S. Consumers Will Get Pinched
(DBN)

Manufacturers Fight Over New Tariffs' Effect on U.S. Jobs
(DBN)

The 10 most and least educated states in 2018
(DBN)

'I hope I'm wrong' — but Trump's 3% growth target looks unrealistic, says billionaire David Rubenstein
(DBN)

With no recession red flags on horizon, 2018 will see strong US, global GDP growth: Strategist
(DBN)

Trump's leaked $1 trillion infrastructure plan is on the right track
(DBN)

Where the superrich store their money
(DBN)

There’s been a spike in the number of millennials with $100,000 saved
(DBN)

Tears Over QE And U.S. Household Debt Problem
(DBN)

Nick Hanauer Wants You To Know Everything You Know About Economics Is Wrong
(DBN)

Chemical Activity Barometer Increased in January
(DBN)

Big Business Wins In Trump's First Year
(DBN)

Geographic gaps are widening while U.S. economic growth increases
(DBN)

Climate Change Could Raise the Cost of Debt
(DBN)

10 cities where the American dream is alive and well
(DBN)

The 50 best jobs in America, according to Glassdoor
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Black Knight: National Mortgage Delinquency Rate increased in December due to Hurricanes
(DBN)

Mortgage applications jump 4.5% as buyers rush to beat higher rates
(DBN)

Transition Board of Woodbridge Group of Companies Announces Investor and Creditor Group Settlement and Implementation of New Leadership Structure
(DBN)

TX: Flying L again set for foreclosure auction
(DBN)

New Life for Kushners’ Troubled N.J. Towers After Meeting With Mayor
(DBN)

____________

Municipalities:

Puerto Rico Strikes To Privatize Its Troubled Energy Firm Puerto Rico governor moves to privatize utility PREPA
(DBN)

Hope, fear as Puerto Rico moves to privatize power company
(DBN)

Puerto Rico utility sale sets up fight with creditors
(DBN)

How Hurricane Maria forced Puerto Ricans to change their hair
(DBN)

Formerly-bankrupt California city to give some families $500 a month
(DBN)

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Oil/Gas:

Drilling down: The state of distressed debt and bankruptcies in US oil & gas
(DBN)

U.S. oil prices at 3-year highs on bets for a further drop in domestic supplies API data reportedly show an unexpected rise in U.S. crude supplies U.S. oil prices top $64 to notch highest finish in more than 3 years
(DBN)

110,000 new wells coming to the Permian Basin
(DBN)

Natural-gas futures rally in electronic trade, after settling at a more than 1-year high
(DBN)

Did Federal Regulations Put A Philadelphia Refinery Into Bankruptcy?
(DBN)

The Check Book Is Slamming Shut on the Oil World's Would-Be Rock Star CEOs
(DBN)

Ex-FourWinds comptroller says she helped mislead Uresti client
(DBN)

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Travel:

Fur and fury at 40,000 feet as more people bring animals on planes
(DBN)

A hotel booking site has revealed the things you should always ask for at hotel check-in to get 5-star treatment without paying for it
(DBN)

This is how you can legally bring — and drink — your own booze on a flight
(DBN)

How to Spend Less Time in an Airport Security Line
(DBN)

______________

Currency:

Nobel economist Stiglitz sees no legal functions for bitcoin
(DBN)

Criminal activity will spur government intervention and kill bitcoin: Hermitage CEO Bill Browder
(DBN)

Bitcoin tumbles below $10,000 and is now down 25% on the year
(DBN)

The rise and fall of Bitcoin: Investors in Bitcoin are learning some very old lessons
(DBN)

Howard Gold: Bitcoin is crashing and could bottom around $2,000
(DBN)

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Corporate Reform:

Mulvaney Drops Probe into Payday Lender That Donated to Him Newly Defanged, Top Consumer Protection Agency Drops Investigation of High-Cost Lender
(DBN)

CFPB Chief Mulvaney Says Days of 'Pushing the Envelope' Are Over
(DBN)

Leaked Mulvaney memo: CFPB must end regulation by enforcement
(DBN)

A Wall Street Ally Is Leading the Charge to Roll Back the Volcker Rule
(DBN)

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Accounting:

SEC charges KPMG and PCAOB accountants over stolen data KPMG indictment suggests many who weren’t charged knew regulator data was stolen
(DBN)

If you want a job with KPMG, be prepared to tell them whether you were poor enough to eat free school meals as a child
(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 (10 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (10 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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Discharge:

Bankruptcy Court Holds Credit Union Policy Does Not Violate Discharge Injunction
(DBN)

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IP:

First Circuit on a "Mission" – Reverses Bankruptcy Appellate Panel
(DBN)

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Religion:

Creditors accuse bankrupt Montana diocese of stashing assets
(DBN)

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TBTF:

Court Drops Government's Appeal of MetLife Case
(DBN)

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Intervention:

The First Circuit Joins Several Other Circuit Courts in Finding That Creditors’ Committees Have an Unconditional Right to Intervene in Adversary Proceedings
(DBN)

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Litigation Finance:

Judges keep shielding litigation funding agreements, despite demands for transparency
(DBN)

Litigation Finance Evangelism
(DBN)

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Mediation:

Random Selection of Cases for Mandatory Mediation = A “Spectacular Success” in the U.S. Circuit Courts of Appeals
(DBN)

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Recent Pleadings:

Takata Sues RL Polk Over Massive Noticing Botch
(DBN)

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Proofs of Claim:

Texas Showdown Over Class Claims
(DBN)

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Ch. 13:

The Debtor, not the Trustee, is Entitled to Funds Being Held by a Trustee Following Dismissal of a Chapter 13 Bankruptcy Case
(DBN)

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Abandonment:

Trustee Abandonment: Abandon Not Hope but A Home of Inconsequential Value
(DBN)

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Automatic Stay:

Notifying the State Court of the Automatic Stay
(DBN)

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Personal Finance:

How to explain a layoff in your next job interview
(DBN)

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Autos:

Utah Lender Issues First Securitization Backed by Bankrupt Borrowers
(DBN)

Takata creditors will vote on plan that could limit airbag victims' rights
(DBN)

Uber's CEO said that self-driving cars will hit the road in less than 2 years
(DBN)

Moody's: EV transition "will pressure" automakers' finances
(DBN)

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Electricity:

SCANA fires back at ‘wrong and misleading’ ORS report questioning bankruptcy chance
(DBN)

Gov. McMaster to veto any bill that keeps the Dominion-SCANA deal alive
(DBN)

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Pharma:

New York City sues drug companies over opioid epidemic
(DBN)

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Entertainment:

Weinstein Co. Advances Toward Sale Weinstein Co. said to be in exclusive talks to sell assets to investors led by a former Obama administration official
(DBN)

How Harvey and Bob Weinstein Built An Independent Film Empire
(DBN)

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Banking:

Did too much leverage cause the financial crisis? Trump’s FDIC pick isn’t sure
(DBN)

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Fraud:

Alleged Ponzi firm Woodbridge agrees with SEC on new board
(DBN)

Fair Finance victims receive modest payout
(DBN)

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Healthcare:

Flu Season Continues to Worsen
(DBN)

______________

Taxis:

Uber chief executive sees profits for ride hailing company in three years
(DBN)

______________

Biofuels:

A Biofuels Bankruptcy: The renewable fuel standards suffocate a Philadelphia refiner An Entirely Predictable Bankruptcy
(DBN)

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Telecoms:

AT&T to Congress: Pass Net Neutrality Law
(DBN)

______________

Student Debt:

Student Loans In Crisis As Two In Five Likely To Default
(DBN)

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Celebs:

Boris Becker appeals for help finding his trophies as the bankrupt tennis ace needs to sell them to pay his debts... but can't remember where they are
(DBN)

10 Celebrities Who Faced Bankruptcy , But Came Out On Top
(DBN)

Shakira investigated for alleged tax evasion in Spain
(DBN)

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UK:

Government to review priority of pensions in insolvency
(DBN)

Carillion – practical advice for affected businesses Carillion case reminds suppliers that robust terms are often crucial Carillion issues just 'the tip of the iceberg', says insolvency experts Carillion bosses handed out £500m to shareholders in just seven years as firm collapsed KPMG believes it will be investigated over the collapse of Carillion: 'We are standing by the work that we did' Carillion crisis exposes toothless Prompt Payment Code
(DBN)

Palmer & Harvey McLane trade creditors owed £450m
(DBN)

Disqualification for director who “flagrantly breached” duties
(DBN)

Widespread harassment exposed at charity dinner for U.K.’s business elite
(DBN)

______________

PIIGS:

Greek Stock Rally Holds On as Traders Eye End of Bailout EU creditors to start Greece debt-relief talks
(DBN)

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Venezuela:

Maduro plans to seek re-election in April
(DBN)

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China:

Cracks Are Showing in China's Shadow Banking Industry
(DBN)

Things continue to look grim for Chinese debt-ridden LeEco
(DBN)

China's state-owned firms to face more mergers, bankruptcies
(DBN)

China's Beleaguered HNA Group Faces a Debt Wall in Second Half
(DBN)

Here Comes the Great Bailout of China
(DBN)

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India:

India's reformed bankruptcy code
(DBN)

Private equity firms, asset reconstruction companies and the promoters themselves are the ones likely to play a leading role in the insolvency resolution process
(DBN)

Indian Banks Focusing on Resolution of Bad Debt
(DBN)

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Australia:

Shoe firm behind RMK and Zensu collapses adding to retail woes
(DBN)

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Austria:

F1 legend Lauda comes from behind to beat IAG in race for Niki
(DBN)

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Russia:

The Story Of Sberbank: Stepping On The Ashes Of The Old Banking System
(DBN)

______________

Brazil:

Brazil's Seara Agro files recovery plan, proposes debt haircut
(DBN)

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