January 31, 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

Format For Mobile Device



Law:

Which Biglaw Firm Is Now Offering $105K Clerkship Bonuses?
(DBN)

The 2018 Thomson Reuters/Georgetown Report on Law Land
(DBN)

Top London law firms pay females 24 per cent less than males
(DBN)

As Law Firms Stall, Who Will Overtake Them in the Innovation Race?
(DBN)

Industry Disruptor Warns Law Firms: Don't Take Client Trust for Granted
(DBN)

What the Data on Women Laterals Can Teach About Retention
(DBN)

Jury finds lawyer’s litigation conduct amounted to civil racketeering violation
(DBN)

Another Law School Jumps On The GRE Train
(DBN)

Best Law Schools If You Want To Make The Big Bucks
(DBN)

How Law Schools Fail At Hiring Diverse Candidates
(DBN)

Paul Ryan sees 'no reason' for Trump to fire Deputy Attorney General Rod Rosenstein Trump is reportedly talking about asking Attorney General Sessions to prosecute Mueller Trump's Lawyers Argue Against Mueller Interview: Report There's No Way Mueller Will Indict Trump Paul Ryan Calls for Cleansing of FBI 'Oh yeah, don't worry. 100%': Trump gave the clearest signal yet that he'll release a controversial secret memo targeting the FBI and DOJ FBI has second dossier on possible Trump-Russia collusion The Republican Party Turns Against the FBI The craziest day in the Russia saga in months has people freaking out that Mueller's whole investigation could unravel Trump admin. releases 'Kremlin report,' but no new sanctions Internal DOJ probe focused on McCabe's handling of Clinton emails The U.S. List of Russian Oligarchs Is a Disgrace Republican hawks in wait-and-see mode over Russia sanctions There's a Russia-sized cloud looming over Trump's first State of the Union address 'People don't trust the president on Russia': Senators grill Treasury Secretary Mnuchin on sanctions Trump Takes on the Justice Department
(DBN)

The Very Talented Mr. McGahn
(DBN)

Humane Society CEO is subject of sexual harassment complaints from three women, according to internal investigation Female Employees Allege Culture of Harassment at Humane Society The RNC chairwoman is singing a different tune on Steve Wynn than she did on Harvey Weinstein Former Fox host says Ailes spied on women while they changed Hillary Clinton addresses 2008 harassment controversy in epic Facebook post, blasts New York Times for not firing Glenn Thrush Hillary Clinton explains why she didn’t fire aide over harassment claim, but says she wouldn’t do it again Grammy's boss walks back female 'step up' as backlash grows Paramount Fires Director in Middle of Production for 'Inappropriate' Conduct
(DBN)

Suit claims Facebook had duty to warn of disturbing posts by man who posted fatal shooting video
(DBN)

Federal judge orders release of detained immigrant activist, says he didn’t get to say goodbye
(DBN)

U.S. to investigate Apple for slowing down older iPhones
(DBN)

'Extreme,' 'Vicious' Trump Statements Put DACA Decision on a Different Level, Judge Says Federal Judge in Brooklyn Criticizes Trump and Sessions in DACA Hearing
(DBN)

Hello, Your Court Date Is Tomorrow
(DBN)

Judges refuse to toss suits claiming law firm ads interfered with timeshare contracts
(DBN)

______________

Judges:

BK MD FL: Court Connection Newsletter
(DBN)

Ret. U.S. bankruptcy judge new AARP Ohio president
(DBN)

Ethics Training For Attys Should Aim Higher, Sotomayor Says
(DBN)

83-year-old federal judge publishes his first novel
(DBN)

Judge Who Signed Larry Nassar’s ‘Death Warrant’ Could Make Bid For Supreme Court
(DBN)

Judge Compares ICE To Unjust Regime, ICE Is ‘Concerned’ About Her Tone
(DBN)

Five justices are expected to miss Trump’s State of the Union address
(DBN)

______________

Wall Street:

US futures rebound from Tuesday’s selloff, ahead of Fed minutes, and Microsoft, Facebook, eBay earnings Dow set to stabilize after shedding 540 points in 2 days
(DBN)

Dow Industrials Drop 363 Points in Worst Day Since May Dow Plunges 362 Points
(DBN)

______________

Layoffs:

Fuji-Xerox Fires 10,000

Chesapeake Energy reportedly lays off 13% of workforce, about 400 employees
(DBN)

Wal-Mart has announced thousands of layoffs since publicizing bonuses and benefits expansion
(DBN)

Harley to Shutter Kansas City Factory
(DBN)

Conifer Health Solutions to lay off 81
(DBN)

______________

Tech:

Apple is reportedly slashing iPhone X orders because it isn't selling well The iPhone X's $1,000 price tag scared everyone away
(DBN)

______________

Cameras:

GoPro on the Verge of Bankruptcy?
(DBN)

______________

Currency:

Bitcoin drops 12%, falls below $10,000 amid broad cryptocurrency sell-off
(DBN)

A 21-year-old college student invested 80% of his summer paycheck in cryptocurrencies and made an enormous profit
(DBN)

______________

Student Debt:

Families await Trump's speech for help on student debt
(DBN)

______________

Personal Finance:

How to answer the interview question, 'What are your greatest strengths?'
(DBN)

______________

Non-Profits:

Fed bankruptcy judge 'highly skeptical' about High Tech Consortium dismissal plan
(DBN)

______________

Maritime:

Insolvency of sea carrier: consequences for shippers and forwarders
(DBN)

______________

Bankruptcy Crimes:

NJ: Businessman sentenced to prison for tax evasion and bankruptcy fraud
(DBN)

______________

Student Debt:

Decline in Student Loan Borrowing
(DBN)

______________

Debt Collection:

While Mulvaney Plans to Change Philosophy of CFPB, Debt Collection Industry May Remain Under Scrutiny
(DBN)

______________

Education:

Dowling College's Brookhaven campus to go on the auction block
(DBN)

______________

Electricity:

SCANA, Dominion issue bold threats about cutting nuclear rates, but lawmakers' trust has frayed Dominion posts mixed earnings ahead of Scana deal
(DBN)

______________

Travel:

United denies woman emotional support peacock Peacock Rejected From Flight Will Drive Cross Country
(DBN)

______________

Autos:

Moody's Cuts Ford's Outlook
(DBN)

Worthless Auto Trade-Ins Signal Riskier Loans
(DBN)

______________

Media:

Mike Cernovich bids $500,000 for Gawker.com
(DBN)

______________


Economy:

Consumer confidence jumps as Americans expect 2017 momentum to continue Economic Expectations Drive U.S. Consumer Confidence Higher
(DBN)

Americans Cut Savings to a 12-Year Low
(DBN)

Federal Reserve is expected to leave rates unchanged at Yellen's final meeting
(DBN)

These are the 2 biggest reasons for a weaker U.S. dollar
(DBN)

Here's how much Americans think successful people earn
(DBN)

Fed to take a step toward a March interest-rate hike
(DBN)

Yellen Got to Full Employment, but Legacy Still Being Written
(DBN)

Where the Current Economic Boom Ranks
(DBN)

Trump calls for $1.5 trillion infrastructure bill during State of the Union speech
(DBN)

Consumers very confident in economy, but uncertain how tax plan will effect them Tax overhaul will have a limited effect on U.S. economy, Moody’s says Most of the tax cut windfall will boost buybacks and dividends, not workers' pockets, survey predicts Trump Tax Plan a $190 Billion Boost to US Oil , Study Finds Trump's Tax Bill Seen as a "Poke in the Eye" to America's Solar Future Paul Ryan Thanks Rich for Helping Themselves to Tax Cuts Your Tax Refund And The Psychology Of A Windfall
(DBN)

FactCheck: On taxes, "if you go back and look 50 years ago, individuals paid about 7 percent of the total and corporations paid 5 percent. Fast forward 50 years: individuals still 7 percent, corporations (are) down to 2 percent."
(DBN)

Europe's Economic Growth, Aided by France, Outpaces U.S.
(DBN)

Schumer to Trump: Thank Obama for economy
(DBN)

Canadian Minister Says It's Time to Modernize NAFTA TX: GOP, Dems Unite to Save NAFTA
(DBN)

U.S. firms want Trump administration to press China for more level playing field
(DBN)

Trump's immigration policies are 'economic poison' that will cost taxpayers billions Trump Wants to Stop 21M Legal Immigrants
(DBN)

Paul Ryan urges women to have more kids for the sake of America — is that good advice?
(DBN)

Trump's "America Is Open for Business" Speech at Davos—Annotated and Explained
(DBN)

US Economic Hard Landing Now a Risk
(DBN)

What Drives Long-Term National Debt Growth?
(DBN)

Even Trump’s Allies Scorn Plan for Federal 5G: ‘We’re Not Venezuela’
(DBN)

Trump's actions so far have been 'good' for the US economy, Santander chair says
(DBN)

Corporate world prepares for chaos if DACA isn't renewed
(DBN)

Stop charging me to attend your celebrations — #guestsdontpay
(DBN)

Why are black poor Americans more optimistic than white ones?
(DBN)

It ‘feels a bit like 2006’ for stocks and the economy. That should scare us.
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Home prices surge to new high, up 6.2% in November Case-Shiller: Home prices rising 3 times the rate of inflation Case-Shiller: National House Price Index increased 6.2% year-over-year in November
(DBN)

Freddie Mac: Mortgage Serious Delinquency Rate Increased Sharply in December due to Hurricanes
(DBN)

Q4 2017 Homeownership and Vacancy Rates
(DBN)

"Mortgage Rates Surge to Highest Levels in More Than 3 Years"
(DBN)

Owning a $1 million home is no longer considered a luxury in America
(DBN)

Millennials Propel Homeownership Rate to First Increase Since 2004 Homeownership rate reaches three-year high as rebound from crisis gathers pace U.S. Homeownership Rate Since 1965
(DBN)

Retail Rents Decline in Big U.S. Cities as Landlords Succumb to the Retail Storm
(DBN)

Three Maine housing companies with ties to Michael Liberty file for bankruptcy Low-Income, Senior Housing Companies File For Bankruptcy
(DBN)

____________

Municipalities:

‘We Made It Up’: Trying in Vain to Count the Puerto Rico Exodus
(DBN)

PREPA requests $1.3B loan to cover revenue shortfall post-Maria
(DBN)

Puerto Rico Proposes Hundreds of School Closures, With Many Students Looking to U.S. Mainland
(DBN)

U.S. judge tosses creditor lawsuit over Puerto Rico revenue 'clawbacks'
(DBN)

Puerto Rico Bondholders Suffer Setback as Lawsuit Dismissed
(DBN)

San Juan Mayor to Trump: 'Things Are Not OK'
(DBN)

FEMA to stop distributing emergency food and water to Puerto Rico
(DBN)

Everything Trump didn’t say about Puerto Rico during his State of the Union address
(DBN)

There's a New Chapter in America's Shameful Abandonment of Puerto Rico
(DBN)

What It’s Like to Visit San Juan Now
(DBN)

______________

Oil/Gas:

Oil retreats as U.S. supply fears grow Oil prices take biggest hit of the year
(DBN)

FBI accountant back on the witness stand for 7th day of Uresti trial
(DBN)

Exxon to triple Permian oil production
(DBN)

Texas oil and gas workforce at 7-year low
(DBN)

______________

Healthcare:

Ex-hospital CFO sues Chicago hospital to recover $100K he paid out of pocket to cover budget shortfall
(DBN)

Whistleblower Given 1 Month To Save Cancer Center Claims
(DBN)

New testimony in bone cement case dismissed
(DBN)

Shares in healthcare property owner Quality Care drop on ManorCare rent fight
(DBN)

Healthcare stocks are getting smoked after Amazon finally said something about the industry Dow drops more than 200 points as health-care stocks sell off The fog around the new health care mega-venture
(DBN)

This chart of surging US health-care costs explains why these titans of business are getting involved
(DBN)

Corporate giants can succeed in health care where Obamacare failed
(DBN)

The state of our health care system
(DBN)

Amazon's moves in health care over the last year are finally starting to make sense
(DBN)

Amazon, Berkshire and JP Morgan plan is ‘more bark than bite’: Cantor analyst
(DBN)

Rising health-care costs a 'huge threat' to US economy: Cleveland Clinic's Toby Cosgrove
(DBN)

The Most (and Least) Healthy States in America
(DBN)

WV: 3,000 People, 21 Million Pain Pills
(DBN)

______________

Motorcycles:

Harley-Davidson to Consolidate Plants as Sales Decline Continues
(DBN)

______________

 


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 (37 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (42 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)

______________

Venue:

The Bankruptcy Venue Reform Act of 2018
(DBN)

______________

Mediation:

A Misguided Notion: Mediation is Entirely-Voluntary and Should Not Be Mandated
(DBN)

______________

Insurance:

Awake Ye Lenders to the Problems and Pitfalls of Collateral Insurance Coverage
(DBN)

______________

SCOTUS:

SCOTUS Asked To Decide Judicial Estoppel From Non-Disclosure Case
(DBN)

______________

IP:

Recent Bankruptcy Decision Raises Questions for Trademark Licensees
(DBN)

First Circuit Rejects Seventh Circuit's Approach to Rejection of Trademark Licenses: Licensees Retain No Post-Rejection Trademark Rights
(DBN)

______________

Miscellaneous:

Recent Developments in Bankruptcy Law Update
(DBN)

Reorg Weekly
(DBN)

______________

Politics:

Trump — striking a positive tone but subdued tone — describes a 'New American Moment' ‘This Is Our New American Moment’ A new, 'New American Moment'? Former Obama aides say Trump lifted the phrase from Hillary Clinton The paradox of Trump Fact-Checking Trump’s Address Fact-check: How some of Trump’s State of the Union claims stand up to reality Viewers approve of Trump's first State of the Union address - CBS News poll 3rd Longest State Of Union In History The most controversial aspect of Trump's speech led to Democrats booing him and shouting 'that's not true' Trump makes his immigration case to a skeptical Congress Trump uses State of the Union to go all in on immigration reform The 'future' of the Democratic Party made his national debut in the party's response to Trump's State of the Union The most emotional moment of the State of the Union came when Trump told the story of a North Korean defector who raised his crutches in triumph Trump attempted a bipartisan State of the Union but didn't even really look at the Democrats Trump's State of the Union was an effort to reach out — but only a little The Congressional Black Caucus wasn't having it when Trump made a point of citing the black unemployment rate Here are the policy areas where Trump is urging Democrats to work with him Trump’s Olive Branch to Democrats Cut Short by Divisive Tone Trump Seeks Unity, All Too Late No pivot: Trump's first State of the Union address didn't change a thing
(DBN)

State of the Union 2018: Americans’ Views on Issues Facing the Nation
(DBN)

Democratic Rep. Joe Kennedy III responds to Trump: Richest nation 'shouldn't leave anyone behind' Kennedy III bashes Trump but his lips get the attention
(DBN)

Russia Will Meddle in 2018 Midterms, Says CIA's Pompeo
(DBN)

RNC will keep Wynn donations unless probe finds him guilty
(DBN)

Scott Pruitt predicted Trump would act unconstitutionally as president
(DBN)

Airbnb trolls Trump ahead of the State of the Union
(DBN)

Stormy Daniels dodges questions in suggestive Jimmy Kimmel interview on alleged Trump encounter Stormy Daniels denies affair with Trump
(DBN)

Trump's Approval Highest in West Virginia, Lowest in Vermont
(DBN)

How the Swamp Drained Trump
(DBN)

How to Talk Like Trump
(DBN)

The good economy might not bail out the Republicans in the midterms after all
(DBN)

______________

Retailing:

Bon-Ton Stores Reveals a Long-Shot Plan to Survive Bon-Ton details turnaround plan As Bon-Ton shutters stores, Kohl's could reap the benefits
(DBN)

Toys R Us poor holiday sales cast doubts on its future and could force renegotiation of loan terms
(DBN)

An Alarming Recent Shift Spells Doom for Retail Stores in 2018
(DBN)

Steinhoff Reports Ex-CEO to Police on Suspicion of Corruption
(DBN)

______________

Fraud:

U.S. regulator, Justice Dept. reveal ‘spoofing’ charges against European banks
(DBN)

The Scheme to Skim Millions Off the Border Wall in Texas
(DBN)

______________

 

UK:

Insolvency boss: Carillion assets 'insufficient' to pay creditors The ongoing deconstruction of Carillion
(DBN)

RBS restructuring arm did not turn around 'vast majority' of businesses - CEO
(DBN)

How Carillion Used A U.K. Government Scheme To Rip Off Its Suppliers
(DBN)

Government minister asks if UK can go ahead with Brexit if leaked impact analysis is accurate
(DBN)

Brothel boss dubbed Madam Moneybags faces bankruptcy as crown bid to seize £780,000
(DBN)

90% Admit to S-- at Work
(DBN)

The next Carillion? Shares in outsourcing firm Capita plunge 40% after profit warning
(DBN)

______________

PIIGS:

ie: Wife of bankrupt developer Sean Dunne wins appeal to be allowed cross-examine US attorney
(DBN)

Greece wants clean break from lenders, preparing its own post bailout plan - finance minister
(DBN)

______________

India:

Insolvency and Bankruptcy Code: Economic Survey points out to low recovery rate for creditors Is low recovery rate in early insolvency cases a cause of worry?
(DBN)

Bidders Can’t Cherry-Pick Assets Of Stressed Companies
(DBN)

Banks to negotiate only with top bidder in insolvency cases
(DBN)

First 10 cases under IBC: Creditors recover 33.5 per cent of total dues from defaulting borrowers
(DBN)

Lenders Agree On Common Criteria To Assess Insolvency Bids
(DBN)

______________

Argentina:

Argentina Goes From Market Darling to Dud
(DBN)

______________

China:

Financial risk facing China worse than in US before global crash, former finance minister says
(DBN)

The China Default Everyone's Waiting For
(DBN)

______________

MENA:

Saudi Arabia says detainees handed over more than $100 billion
(DBN)

______________

Singapore:

Noble Group Denies ‘Enriching' Claim as Rescue Plan Ignites Spat
(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 phone or text us at 281-402-3957. You can email us 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 2017