Daily Bankruptcy News
January 5, 2018


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Law:

Bill Lobel Joins Pachulski Stang Ziehl & Jones To Open Firm's Orange County Office
(DBN)

As Sedgwick Dissolves, a Look at Where the Lawyers Went
(DBN)

Why Better Technology Implementation Isn’t About The Tech
(DBN)

The Law Firm Disrupted: A Big Change for 2018?
(DBN)

Business challenges forcing SME law firms to close their doors in the US
(DBN)

BigLaw: The Coming Power Struggle Among Generations
(DBN)

With 'Innovation Think Tank,' Firm Upends How Its Attorneys Work
(DBN)

Allen & Overy’s top-earning partner earns more in a week than its trainees do in a year
(DBN)

Dan Markel's Family Is In 'Agony' Over Delays In Murder Trial Of Katherine Magbanua
(DBN)

Spokesman for Trump's legal team left because he worried Trump obstructed justice, Wolff book claims Obstruction Inquiry Shows Trump’s Struggle to Keep Grip on Russia Investigation Trump gets a powerful new ally in his war with the FBI Trump's Struggle to Keep Grip on Russia Probe Forget Treason. Money Laundering Is Serious. Fusion GPS Fails to Block Congressional Bid for Bank Records
(DBN)

Yes, The Trump Cease & Desist Letter Over The Bannon Book Is Stupid Trump's legal threats backfire as Wolff book surges Trump Can Sue Bannon. Winning’s Another Matter Trump's Threat to Sue Ex-Aide Rings Hollow to Legal Experts Trump's Attempt to Bully Bannon in Court Would Fail What Employment Lawyers Are Saying About Trump's 'Cease and Desist' Against Bannon
(DBN)

Cannabis Law Practices Brace for Impact of Sessions Memo
(DBN)

2 GOP lawmakers are calling on Sessions to resign — and it looks like a ploy to kill the Russia probe
(DBN)

Trump: Any deal on DACA must include additional border security, immigration reforms The real DACA negotiation is Republicans negotiating with themselves Senators and Trump Inch Toward DACA Deal, but a Wall Divides Them
(DBN)

Justice Department will again probe Clinton's email server FBI Launches New Clinton Foundation Probe Comey's Original Clinton Memo Released
(DBN)

Trump Told Lawyer to Stop Session's Recusal Trump lobbied for Sessions to protect him from investigation, report says
(DBN)

US Attorneys Picked as Stand-Ins After Purge
(DBN)

Suspect faces charge in ‘swatting’ death; ex-solicitor general says laws must catch up to behavior
(DBN)

‘Hurry up, Jew’: NFL heiress sparks brawl and beats lawyer bloody with $500 glass purse
(DBN)

Man accused of sexually assaulting sleeping woman on flight
(DBN)

Ex-Prosecutor Disbarred For Forging Wiretap Orders To Spy On Love Interest
(DBN)

Before Becoming GC Of The Golden State Warriors, This Lawyer Was A Rapper
(DBN)

Mizzou First-Year Law Student Is Also A D1 Basketball Player
(DBN)

FBI Ties 'Alt-Right' to Amtrak Terror Attack
(DBN)

Litigation funder spending cash on political candidates like AGs of New York and Pennsylvania
(DBN)

Legal finance: What to expect in 2018
(DBN)

Man Tore Heads Off Chickens In Jealous Rage
(DBN)

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Judges:

BK ND MS Seeks Bankruptcy Judge
(DBN)

BK SD GA Savannah Opening Late BK MA: Springfield Closed, Boston and Worcester Reduced Staff BK ED PA: Reading and Philadelphia Closed
(DBN)

A Look At The Sanction Dogging A Trump Judicial Nominee
(DBN)

Trump Wanted Loyalty in Supreme Court Pick, New Book 'Fire and Fury' Says
(DBN)

Supreme Court Clerk Hiring Watch: New Year, New Hires
(DBN)

A SCOTUS Justice With Refined Taste For The More Decadent Things In Life
(DBN)

The Most Popular Supreme Court Justices — In Law School Casebooks
(DBN)

Judicial Nominee: Gay Judges Shouldn’t Hear LGBT Cases
(DBN)

Trump’s Stellar Judges
(DBN)

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Wall Street:

US futures rise ahead of open, as Wall Street gears up for nonfarm payrolls S&P eyes another historic record run, with U.S. jobs data on deck
(DBN)

Dow breaks above 25,000 for the first time ever after strong jobs data Dow punches through 25,000 after robust December jobs report Trump takes credit for Dow 25,000, says 'I guess our new number is 30,000'
(DBN)

Why only a tiny percentage of Americans benefit from Dow 25,000
(DBN)

The S&P 500 is poised to do something that it hasn’t done since 1964
(DBN)

______________

Layoffs:

Macy's closures, 5,000 job cuts
(DBN)

Why Is the U.S. So Bad at Worker Retraining?
(DBN)

Comcast Promised More Jobs, Fires 500
(DBN)

AT&T Sued Over Layoffs: Promised Investments
(DBN)

GoPro cuts 200-300 jobs
(DBN)

Roseland Community Hospital lays off 7 percent of staff, cuts pay
(DBN)

Dana Mining to cut 370
(DBN)

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Travel:

JFK, LaGuardia airports closed as 'bomb cyclone' shuts down thousands of flights and strands travelers Hundreds more flights canceled in winter storm's wake
(DBN)

World's biggest passenger jet forced to land at small New York airport thanks to blizzard
(DBN)

Powerful blizzard hammers US Northeast, snarling travel Reuters Updated Moments Ago
(DBN)

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Marijuana:

The Justice Department is rescinding critical rules directing the federal government to keep its hands off of states' legal marijuana Jeff Sessions to end policy that let legal pot flourish Sessions cracks down on marijuana legalization Jeff Sessions’ marijuana decision favors drug cartels Jeff Sessions' Reversal of Obama-era Marijuana Policy Threatens Legalized Sales Jeff Sessions faces a steep uphill battle in his war on pot The Trump administration’s new war on marijuana, explained Jeff Sessions has delivered a blow to the marijuana industry’s ability to raise capital The Fiscal Stakes Are High as Sessions Eyes Marijuana Crackdown
(DBN)

Marijuana businesses legalized by states could face federal prosecution under new DOJ policy
(DBN)

U.S. Attorney for Colorado: No changes on marijuana enforcement
(DBN)

Blame the Supreme Court for Letting the Feds Target Legal State Pot
(DBN)

Marijuana stocks are getting slammed after report says Jeff Sessions plans to roll back legal pot rules Pot Analysts Aren’t Freaking Out About Sessions’ Order Just Yet
(DBN)

Top Senate Republican threatens Jeff Sessions over marijuana policy change Cory Gardner just showed how Senate Republicans could check Trump if they wanted to - But they don’t want to Reactions to Sessions cracking down on marijuana legalization GOP to Sessions: Leave Our Pot Alone On Marijuana Law, No Politician Is a True Federalist Trump Is Absent During Big Shift on Marijuana
(DBN)

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Autos:

How Takata Bankruptcy Could Affect Compensation for Car Owners
(DBN)

Tesla Model 3 production snarls have Wall Street worried about future cash burn
(DBN)

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Currency:

Investor who called last two major market crashes says bitcoin is a bubble
(DBN)

SEC, CFTC Warns on Cryptocurrencies
(DBN)

Merrill Lynch Backs Clients' Bitcoin Trading
(DBN)

A cryptocurrency created as a parody is now worth more than $1 billion
(DBN)

Rise of Bitcoin Competitor Ripple Creates Wealth to Rival Zuckerberg
(DBN)

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Entertainment:

Weinstein Co. Close to Sale for Less Than $500 Million Report: Weinstein Co. could sell for less than $500 million Only a few suitors still in running to buy Weinstein Co. WPP Reportedly Preparing to Wash Its Hands of the Weinstein Company
(DBN)

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Education:

Bankruptcy court settlement could bring relief to some ITT students
(DBN)

______________

Telecoms:

Sprint hires cost-cutting Combes in sign of tough slog to come
(DBN)

______________


Economy:

Global Debt Hits Record $233 Trillion Record high
(DBN)

Americans are poorer than in decades
(DBN)

Job-cut announcements in 2017 see lowest level since 1990, Challenger report says
(DBN)

ADP: Private Employment increased 250,000 in December
(DBN)

Weekly Initial Unemployment Claims increase to 250,000
(DBN)

Low unemployment strains industries like manufacturing
(DBN)

LinkedIn report finds a 24.2% rise in December hiring as growth in Sun Belt cities booms
(DBN)

4 Things From December Jobs Report
(DBN)

Goldman: December Payrolls Preview
(DBN)

December Employment Preview
(DBN)

Solid US job growth is expected in December, which could pave the way for a March rate hike
(DBN)

Lack of wage growth will likely dampen celebration of strong December jobs report
(DBN)

Fed Minutes Reveal Uncertainties Over Tax Cuts
(DBN)

Prospects for interest rates doubling in 2 years
(DBN)

Warren Buffett on the US economy: ‘The tsunami of wealth didn’t trickle down. It surged upward’ Warren Buffett explains what’s wrong with the economic system that made him billions
(DBN)

The One Thing the Economy Still Needs to Thrive in 2018
(DBN)

These 20 US counties produce the most successful people
(DBN)

Sen. Rob Portman: New tax law took US corporate tax code from worst to 'one of the best' Cuomo To Restructure NY Tax Code, Sue Over Fed. 'Assault' There are problems with the Republican tax bill. Deficits aren't one of them Does tax bill violate the Constitution by treating residents of high-tax states differently? Democrats Are Right, the Tax Bill Is a Disaster — but They're Wrong About Why California Senator Has Plan to Combat GOP Tax Hike New California bill could serve as national boilerplate for skirting Trump’s tax law More On State Resistance To The New Federal Tax Law
(DBN)

While Iceland is the first country to outlaw the gender pay gap, the rest of the world is seeing a bigger divide than ever
(DBN)

Former McDonald's CEO: New Year's Minimum Wage Increases Will Hurt New Employee Most
(DBN)

There's a battle of tax codes raging — the US and China just upped the arms race
(DBN)

GOP divided over next steps: health care, welfare or neither?
(DBN)

Massive new data set suggests economic inequality is about to get even worse
(DBN)

Predictions that Trump would upend global economy — in a bad way — are wrong so far
(DBN)

Warren Buffett Says Years of U.S. Growth ‘Certainly Lie Ahead’
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

______________

Real Estate:

As California's housing crisis worsens, more residents forced to sleep in cars
(DBN)

Are Lenders Entitled to Insurance Proceeds when Foreclosing?
(DBN)

Final Update: 2018 Housing Forecasts
(DBN)

Maintaining Privilege When Communicating with Professionals
(DBN)

Reis: Mall Vacancy Rate unchanged in Q4 2017 Mall Vacancy Rate Since 1980
(DBN)

Questions on Fannie and Freddie Have Separate Answers
(DBN)

____________

Municipalities:

Puerto Rican Christmas felt sadder and quieter this year — for obvious reasons
(DBN)

Puerto Rico governor forms task force to examine Maria death toll Puerto Rico sets 90-day target for review of hurricane deaths
(DBN)

Disturbing Numbers to Understand How Devastated Puerto Rico Is
(DBN)

Official: Cibola County may be bankrupt by end of February
(DBN)

______________

Oil/Gas:

U.S. court should demand more info on Seadrill restructuring, watchdog says
(DBN)

Fort Worth oil family of former Quicksilver Resources returns to bankruptcy court
(DBN)

New report predicts 2018 oil exploration spending will drop
(DBN)

Oil closes above $62 as stockpiles shrink Key indicator shows tightest oil market in years Oil prices fall, losing grip on 3-year high
(DBN)

Oil market saw seismic shifts in 2017
(DBN)

OPEC vs Shale: The Oil Saga Continues
(DBN)

Investors sense opportunities in Big Oil - but mind the gap
(DBN)

Can't please everyone: Trump energy policy riles competing sectors
(DBN)

Trump launches push for more offshore drilling Trump aims to open nearly all federal waters to offshore drilling in biggest lease sale ever
(DBN)

Revenge Of The Oil Services Sector In 2018
(DBN)

______________

Politics:

Trump's feud with Steve Bannon is about to upend the political atmosphere The Wolff lines on Trump that ring unambiguously true Trump on Steve Bannon: 'I don't talk to him;' he called me a 'great man' McConnell endorses Trump's scorched earth words for Bannon What Was Steve Bannon Thinking? Steve Bannon’s longtime benefactors, billionaires Robert Mercer and his daughter Rebekah, are debating whether to oust him as Breitbart chairman Hard Push to Oust Bannon at Breitbart Trump Isolates Bannon in Feud as Mercer Family Cuts Off Money Top conservative megadonor cuts ties with Bannon as pressure grows to oust him from Breitbart News Sarah Huckabee Sanders suggests Breitbart should 'certainly' consider cutting ties with Steve Bannon Trump lawyer demands a halt to publication of tell-all book, 'Fire and Fury,' seeks full retraction and apology Trump says Bannon has ‘changed his tune’ after critical comments in Wolff book Trump Calls Bannon 'Sloppy Steve' in Angry Tweet It's Been an Open Secret All Along Questions about Trump's fitness raised by bombshell book pose threat for GOP in 2018 elections Bannon blows himself up 9 big Wolff revelations that go beyond Steve Bannon Donald Trump used his Trump Tower secretary to trick his buddies’ wives into sleeping with him Trump gave Steve Bannon a sickening nickname after hearing about wife-beating allegations: report 'Bannon may already be cooperating with Mueller': tell-all book shifts frame of Russia inquiry Bannon goes back to praising Trump The controversy around Michael Wolff’s gossipy new Trump book, explained Trump threatens Wolff, escalating "Fire and Fury" feud Trump lawyer demands a halt to publication of tell-all book, 'Fire and Fury,' seeks full retraction and apology Who Is Michael Wolff? The backlash begins for the author of the explosive Trump-Bannon book I know why Steve Bannon let Michael Wolff into the White House Michael Wolff's "Fire and Fury" to be released four days early How Michael Wolff Stuck a Shiv in Trump Can Trump Stop the Publication of Bombshell Book? The Death of 'Trumpism Without Trump' Donald Trump Embraces the Streisand Effect
(DBN)

"You Can’t Make This Up": My Year Inside Trump's Insane White House
(DBN)

World Leaders on Edge Over Trump's Direction
(DBN)

And the winner is... Republican wins after name drawn from bowl in Va. race
(DBN)

Spicer says he "screwed up" as press secretary, but never lied
(DBN)

Baffling: Plans for Black Confederate Statues
(DBN)

______________

Nuclear:

Toshiba Exorcises Westinghouse Ghost With Sale to Brookfield Brookfield Business Partners to acquire Westinghouse for $4.6 billion Brookfield bets on nuclear plants aging gracefully Bankrupt contractor on South Carolina's failed nuclear project to be sold Bankrupt nuclear power company Westinghouse gets a buyer Bankrupt Westinghouse inks $4.6 billion deal Toshiba after the Westinghouse sale Toshiba gets rid of Westinghouse for $4.6 billion Brookfield's Big Nuclear Bet Westinghouse, Once an Industrial Powerhouse, Is on Brink of Sale Brookfield Goes Nuclear: Why You Should Watch The Canadian Giant's Restructuring Work
(DBN)

Deal Aims to Resolve Scana's Nuclear Mess
(DBN)

______________

Healthcare:

How have U.S. mortality rates changed over time?
(DBN)

Big price differences for surgeries: How to pay eight times more for new knees
(DBN)

Out-of-Pocket Health Costs Are Rising, But Not That Much
(DBN)

______________

Mass Torts:

Claire's says lab results rebut Asbestos claims
(DBN)

______________

Religion:

Settlements with insurers pivotal for bankrupt Duluth diocese-lawyer Judge approves Diocese of Duluth insurance settlements
(DBN)

______________

Orchestras:

San Antonio Symphony To Play Final Concert Of The Season Saturday, Remaining Season Suspended
(DBN)

______________

Consultants:

FTI Consulting Promotes Eight Restructuring Pros
(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 (14 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (61 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)

______________

Construction:

Extremely Clear Pay-If-Paid Clause is Enforced
(DBN)

______________

Awards:

Armstrong Teasdale Bankruptcy Attorney, Alum Recognized with 2018 Missouri Lawyers Awards
(DBN)

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Labor:

Employee Claims in Bankruptcy Pose Significant Liability Exposure
(DBN)

______________

Bankruptcy Policy:

Bankruptcy Laws Need to Adequately Protect Entrepreneurs from Downside Risks
(DBN)

______________

Insurance:

D&O Policy Rescission Upheld Despite Poorly Written Application Question and Arguably Correct Answer
(DBN)

______________

Automatic Stay:

Eleventh Circuit Affirms Award of Attorneys’ Fees Incurred by Individuals for Stay Violation in Damages Action and on Appeal
(DBN)

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Radio:

A Clouded Bankruptcy
(DBN)

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Tech:

Security flaws found to affect nearly every modern computer processor, allowing hackers to steal data
(DBN)

Apple says Spectre and Meltdown vulnerabilities affect all Mac and iOS devices Apple is updating its software to combat chip security holes
(DBN)

Cooling Ardor for Flashy Smartphones Spells Trouble for Suppliers
(DBN)

Run, don’t walk, to replace your iPhone battery for $29 Apple’s Battery Controversy Drawing More Attention Than iPhone X Release
(DBN)

______________

Retailing:

Another retail bankruptcy wave is on the way, Credit Suisse says
(DBN)

The Moment of Truth Draws Near for Some U.S. Retailers
(DBN)

No New Year's Relief for Retail. Now It's Peak Bankruptcy Season
(DBN)

Macy's holiday sales weren't enough to turn around 2017 Here are the stores Macy's is closing next
(DBN)

Sears closing 100+ more stores Sears to close more than 100 stores, including Kmart locations, in March and April Now closing: 64 Kmart and 39 Sears stores Sears To Close 100 More Stores -- Here's Where They Are Sears Holdings has closed 400 stores in the past year. Now it’s closing 103 more.
(DBN)

Retail Apocalypse: 21 big retailers closing stores
(DBN)

No New Year's Relief for Retail . Now It's Peak Bankruptcy Season
(DBN)

Two big retailers report higher holiday sales but now they must survive this harsh winter weather.
(DBN)

Even Macy's and JC Penney Enjoy a Rising Retail Tide
(DBN)

Here's a map of where Sears' and Macy's stores are going dark

GNC: Analyzing The Potential For Bankruptcy
(DBN)

CEO of embattled retailer Neiman Marcus to step down, replacement identified Neiman Marcus CEO leaves as retailer struggles with debt
(DBN)

Bitter cold, storms will hit retail sales hard, particularly at troubled stores
(DBN)

Department stores' deepest woes remain in spite of upbeat holiday sales
(DBN)

18 Retail Facts Involving The Number 18, For 2018
(DBN)

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Weather:

'Bomb cyclone' hits US East Coast energy, power supply U.S. East Coast Blitzed by Fast-Moving, High-Impact Winter Storm New York weathers severe winter storm National Weather Service warns: Up to 18 inches of snow in Boston "Winter Hurricane" Wreaks Havoc From Carolinas to Maine Snow, flooding batter Boston Winter storm 2018: almost the entire East Coast is covered in snow The bomb cyclone isn't a winter hurricane — just a bad storm with good branding Stunning images of the 'bomb cyclone' National Guard Deals with Northeast Blizzard East Coast braces for a deep freeze following massive storm
(DBN)

Blizzard Triggers a 60-Fold Surge in Prices for U.S. Natural Gas The Bomb Cyclone Breezes Into the Gas Market
(DBN)

______________

Coal:

Hedge Funds Lose Bid to Scoop up Preferred Equity in Peabody
(DBN)

One year in, is Trump helping the US coal industry? Not really.
(DBN)

______________

Accounting:

FDIC win against PwC could finally force auditors to look for fraud
(DBN)

US accountant goes for Olympic glory
(DBN)

______________

Banking:

Citibank Pays $70 Million for Money Laundering Non-Compliance
(DBN)

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Sovereigns:

Countries that could go bankrupt in 2018
(DBN)

______________

UK:

Weil: What Will 2018 Hold?
(DBN)

Scottish small business confidence nears record lows
(DBN)

2018 predictions - a rise in insolvencies and clear-out of zombies
(DBN)

Are U.K. Money Managers Doomed?
(DBN)

______________

PIIGS:

The Italian Insolvency Law Reform Project
(DBN)

Firm behind riskiest Anglo Irish debt gives up recovery fight
(DBN)

______________

Canada:

Systematic attack on pensions
(DBN)

______________

India:

IBBI new norms raises doubts among insolvency professionals
(DBN)

RCom surges 7% as CDB seen withdrawing insolvency filing
(DBN)

RBI asks ARCs to share data with information utilities under insolvency proceedings
(DBN)

Cramming down under the Insolvency Code
(DBN)

In Defence of the FRDI Bill: The Many Misconceptions and Facts
(DBN)

______________

Venezuela:

Cash-Strapped Venezuela Offers to Pay for Medicines With Diamonds
(DBN)

______________

China:

China to Set Economic Growth Target ‘Around 6.5%’
(DBN)

China Property Bonds Seen Facing Highest Default Risk in '18
(DBN)

Beijing will allow a local government default
(DBN)

______________

MENA:

U.S. to suspend at least $1.3 billion in security aid to Pakistan
(DBN)

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