April 19, 2018

The Daily Bankruptcy News

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Law:

Biglaw Firm Offers Special Bonuses On Top Of Regular Bonuses As Reward For Increased Partner Profits
(DBN)

Atlanta Law Firm Presses Fee Fight in US Supreme Court Bankruptcy Case • SCOTUS argument analysis: When neither baseball nor Vermeer analogies persuade the court
(DBN)

Lawyer calls murder trial of former Fisher & Phillips partner ‘an accident in search of a motive’
(DBN)

Judge declares mistrial in case of woman accused of trying to kill her bankruptcy lawyer
(DBN)

Biglaw Partner Arrested After Deadly Hit-And-Run Crash
(DBN)

Performance Reviews Suck, But This Biglaw Firm Is Trying To Change The Game • Some Law Firms Are Ditching Annual Reviews for Associates
(DBN)

Proposed Student Loan Cap Could Devastate Law Schools
(DBN)

First-Generation Students Get Screwed The Most By Law School Loans
(DBN)

Concord Law dean sees benefits with acquisition by Purdue University
(DBN)

Law professor says Uber driver tried to abduct her on ride to the airport
(DBN)

Former Dorsey & Whitney partner is disbarred for collecting fees from outside clients
(DBN)

The Reason Why This General Counsel Told A Group Of All White Attorneys To GTFO
(DBN)

Biglaw Firm’s Connection To The Musical ‘Hamilton’
(DBN)

Around The World In 40 Days: Leaving Biglaw To Travel The World
(DBN)

The Results After 4 Years Of Job Searching With 4 Different Problems
(DBN)

SRA issues warning after Norton Rose Fulbright London lawyer named in hoax emails
(DBN)

Trump pivots: Comey "was not fired" because of Russia investigation • James Comey isn’t the hero we deserve. But he’s the hero we need • Comey Plays a Victim, But What About Others? • Meghan McCain Rips Comey on The View • Comey Speaks in New York City, Faces Hecklers
(DBN)

Trump lawyer Cohen suggests 4 names for 'special master' to review seized files in criminal probe • Cohen Leans Toward Big Law in Proposed Special Master Candidates • Michael Cohen’s Legal Team Gets Benchslapped • Cohen Docs, ‘Hannity’ Judge No Stranger to Controversy • Cohen Would Turn Against President if Charged, Counselor Warned • Worrying that Michael Cohen Will Flip
(DBN)

Trump Allies Wants Lots of Criminal Probes
(DBN)

New York's attorney general is making a bold proposal to circumvent Trump's pardon power
(DBN)

Trump calls sketch released by Stormy Daniels 'a total con job'
(DBN)

McDougal Now Free to Discuss Trump Affair
(DBN)

The man who may be asked to fire Robert Mueller has argued the president has broad firing powers • Trump's ex-campaign chief Manafort to seek dismissal of charges • Smearing Robert Mueller
(DBN)

Trump’s Lifelong Addiction
(DBN)

Ex-FBI Agent Admits Leaking Defense Info To Reporter
(DBN)

Bill Cosby's Defense: He Doesn't Like S--
(DBN)

You’ve heard of David Hogg. But the right has claimed another Parkland student as its own • A Chicago suburb passed its own assault-weapons ban
(DBN)

Starbucks Arrests, Outrageous to Some, Are Everyday Life for Others
(DBN)

Federal Judge Holds Kansas Elections Official In Contempt Of Court • Judge finds Kansas' Kris Kobach in contempt of court
(DBN)

McKayla Maroney says Larry Nassar molested her 'hundreds' of times
(DBN)

Lawyer who sued over courthouse brawl is ordered to pay $250K in countersuit
(DBN)

‘Mindhunter’ takes us into the world of serial killers
(DBN)

Association for Honest Attorneys loses its tax-exempt status after founder can’t find a lawyer
(DBN)

Naked Harvard Student Assaulted By Cambridge Police, Caught On Video
(DBN)

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Judges:

BK NV: Bankruptcy Bugle newsletter
(DBN)

Ex-Ethics Judge Deserves Jail For $3M Fraud, 3rd Circ. Says
(DBN)

Ex-Judge Calls On Men To Help Close Litigation Gender Gap
(DBN)

Judiciary Seeks 2019 Funding, Highlights Cost-Saving Successes
(DBN)

Federal Judiciary Updates Congress on Workplace Misconduct Review
(DBN)

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Wall Street:

U.S. stock futures search for a catalyst as earnings stay in focus • US stocks are likely to start off lower, as fresh corporate earnings flood in
(DBN)

Stocks close off session lows
(DBN)

Goldman Sachs executive says it's 'too early to fear a full-on global meltdown' in stocks
(DBN)

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Layoffs:

Here's the letter Sears sent workers telling them they were fired
(DBN)

2200 Wisconsinites will be out of jobs due to Bon-Ton bankruptcy
(DBN)

Qualcomm laying off more than 1,000 San Diego workers
(DBN)

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Politics:

Barbara Bush Changed With Her Country
(DBN)

Hannity’s rising role in Trump’s world: ‘He basically has a desk in the place’, helps with tweets
(DBN)

U.S. Congressional Job Approval at 18%
(DBN)

James Comey no longer considers himself a Republican
(DBN)

GOP Sen. Bob Corker: Republicans in the Senate who are not 'conflicted' about Trump are 'comatose' • GOP Sen. Bob Corker will not campaign against the Democrat running for his seat
(DBN)

Sanctions flap erupts into open conflict between Haley and the White House • Nikki Haley refuses to take the fall for the Russia sanctions snafu: “I don’t get confused” • Nikki Haley Has a Redline Too
(DBN)

How Tony Podesta, a Washington Power Broker, Lost It All
(DBN)

Cuomo Plans to Restore Voting Rights to Paroled Felons •
(DBN)

Albright Warns on American Fascism
(DBN)

Trump says he’d walk out on Kim Jong Un if meeting ‘is not fruitful’ • Trump's "great man" play on North Korea
(DBN)

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Tax:

IRS gives taxpayers one more day to file after payment site crashes
(DBN)

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Environmental:

California has eight of 10 most polluted U.S. cities
(DBN)

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Media:

Glenn Beck's Media Empire Crumbling
(DBN)

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Credit Reporting:

1 Out Of 9 Credit Scores Increased Overnight
(DBN)

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Wood Products:

PA residents: Keep German Pellets from reopening silos
(DBN)

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Defaults:

Leveraged Loan Experts Hike US Default Rate Expectations
(DBN)

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Celebs:

Former 'Dance Moms' star Abby Lee Miller undergoes emergency spinal surgery
(DBN)

Tisha Campbell & Duane Martin Ordered to Turn Over Accounting in Bankruptcy Case
(DBN)

Warren Buffett's 10 Rules To Get Rich
(DBN)

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Electricity:

Bankrupt EV Energy's lawyer beats back calls for equity committee
(DBN)

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Plastics:

IRS objects to Katy Industries' asset disbursal plan
(DBN)

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Economy:

Fed's Beige Book: "Modest to moderate" expansion, "concern about tariffs" • Here Are the Biggest Tariff Concerns in the Fed's Beige Book
(DBN)

Global debt is at historic highs and governments should start cutting levels now, the IMF warns • World Debt Hits Record $164 Trillion
(DBN)

Investors increase bets on Fed rate rises
(DBN)

Fed's GDPNow Latest Forecast: 2.0 percent
(DBN)

With Recent Laws, Congress Has Added $540 Billion to the 2019 Deficit
(DBN)

Slim Majority Now Says U.S. Middle Class Pays Fair Tax Share
(DBN)

The Biggest Winners from the GOP Tax Cuts (Hint: It Isn't Workers)
(DBN)

Industrial Production Increased Slightly in March
(DBN)

75% of the ultra-rich forecast a US recession in the next two years, survey finds
(DBN)

Goldman Sachs CEO Lloyd Blankfein: Economy looks 'awfully good' and should keep growing
(DBN)

The U.S. is on track for the longest expansion ever, but it’s coming at a cost
(DBN)

Goldman CEO supports Trump's effort to 'even out' US-China trade
(DBN)

Trump's Fed Tweet Raises Concerns
(DBN)

Ditch steel stocks as the industry nears 'the end of the line' despite Trump's efforts, says UBS
(DBN)

Here's where Americans are moving to and from
(DBN)

Schumer FactCheck: "More than 100,000 American workers have already been laid off in 2018 due to tax reform"
(DBN)

Americans uncertain whether the new tax code will be good or bad for them
(DBN)

Gender Pay Inequality: California Bill Could Force Businesses To Submit Salary Data To State
(DBN)

In departure from "America First," U.S. ups World Bank commitment
(DBN)

China says it's ready to deal with any fallout from trade row with US • On trade, Trump either doesn’t understand the basic facts or he doesn’t care • Trump lavished praise on China's president while ignoring their escalating trade fight • Trump’s Trade War Hits Another Red State
(DBN)

Here's where immigrants are moving to in the US
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

The top 10 most expensive places to buy a home in the US
(DBN)

Housing Inventory Tracking
(DBN)

AIA: "Architecture billings remain positive in March"
(DBN)

MBA: Mortgage Applications Increase in Latest Weekly Survey
(DBN)

What Happened to a Trump Apartment in New York After the Election?
(DBN)

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Municipalities:

The boom in Puerto Rican debt has nothing to do with reality
(DBN)

Puerto Rico Oversight Board Plan Sees Biggest Budget Surplus
(DBN)

Puerto Rico board's turnaround plan promises more austerity
(DBN)

Puerto Rico hit by island-wide blackout • Puerto Rico hit by first island-wide blackout since Hurricane Maria • Excavator blamed for island-wide blackout in Puerto Rico • Another blackout in Puerto Rico underscores urgent need for better leadership
(DBN)

MA: More hidden State Police pay surfaces. This time: millions in perks
(DBN)

Oroville Takes Preventative Measures to Avoid Bankruptcy in Near Future
(DBN)

Thousands of Poor Detroiters Are About to Get Their Water Cut Off
(DBN)

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Oil/Gas:

Oil climbs to a nearly 3 1/2 year high after a surprise weekly fall in U.S. crude stocks • Oil hovers at 3 1/2-year high as investors look ahead to OPEC meeting • Oil's 'artificial' surge to multi-year highs could spark a new crisis, economist warns • $100 Oil Is Back On The Table
(DBN)

Is the U.S. Shale Boom Choking on Growth?
(DBN)

Seadrill: Court Confirms Restructuring Plan • Out of bankruptcy, Seadrill eyes closer ties with oil service firms
(DBN)

Saudis Want Oil Back at $100
(DBN)

The wrong kind of oil is flooding the US market — but that could be great news for a handful of producers
(DBN)

Venezuelan Oil Enters The Disaster Zone
(DBN)

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Autos:

Morgan Stanley: Next 3 months for Tesla are the 'most critical' in 6 years and it could go either way • Tesla stock headed to $200 or $400? Morgan Stanley may have the answer
(DBN)

Senate vote on auto loans may pave the way for more discrimination
(DBN)

Subaru Altered Mileage, Emissions Data
(DBN)

March default reading mixed
(DBN)

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Climate:

Drought Returns to Huge Swaths of U.S., Fueling Fears of a Thirsty Future
(DBN)

The Megafire Burning in Oklahoma
(DBN)

Coldest Start to April in 130 Years
(DBN)

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Retailing:

The cost of convenience: Saying goodbye to Younkers, Herberger’s
(DBN)

As Bon-Ton’s Fortunes Shift, Investors Brace for Liquidation
(DBN)

PREIT Highlights Differentiated Portfolio in Response to Bon-Ton Liquidation
(DBN)

Bankruptcy sale marks end of Carson's
(DBN)

As Bon-Ton liquidates, U.S. department stores vie for its shoppers
(DBN)

Closing of Bon-Ton stores will be 'devastating' for some Pa. towns
(DBN)

Department-store chain Bon-Ton is going out of business - here's the list of the 212 stores that will close • Bye-Bye, Bon-Ton: Liquidation Is Coming
(DBN)

For Toys 'R' Us And Apparel Retailers, Playtime Is Over, But In Other Categories, The Fun Continues
(DBN)

Amazon has ‘iron grip’ on e-commerce — analysts react to its 100 million Prime members • Amazon Workers Made Less Than $30,000
(DBN)

Retail GCs Now Waiting for Supreme Court Decision in Online Sales Tax Case • Supreme Court appears hesitant to overturn 'antiquated' sales tax precedent
(DBN)

Bed, Bath & Beyond in Serious Trouble
(DBN)

While Retail's Behemoths Die, These 4 Retailers Are Rising From Their Ashes
(DBN)

The amount of retail space closing in 2018 is on pace to break a record • The Retail Real Estate Glut Is Getting Worse
(DBN)

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Transit:

San Francisco Starts Confiscating Scooters • San Francisco Votes to Regulate Scooters • The Electric Scooter War Is No Joke
(DBN)

NYC to Bikeshare Company; Don't Come Here
(DBN)

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Healthcare:

Science hinted that cancer patients could take less of a $148,000-a-year drug. Its maker tripled the price of a pill.
(DBN)

GOP will tout individual mandate repeal, but it could backfire
(DBN)

The Surgeon Who Experimented on Slaves
(DBN)

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Currency:

Suspect in Iceland bitcoin-mining heist breaks out of prison, escapes country
(DBN)

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Banking:

Beach Community Bancshares bankrupt ; bank to be sold
(DBN)

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New Bankruptcy Opinions
(6 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (16 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (56 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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Safe Harbors:

We are all financial institutions: Definitional sleight of hand in bankruptcy
(DBN)

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UST:

Attorney General Jeff Sessions Appoints a U.S. Trustee and An Acting U.S. Trustee to Cover Two U.S. Trustee Program Regions
(DBN)

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Plan Confirmation:

Is "Per Debtor" Better? Cases Analyzing Cramdown and Substantive Consolidation Reflect Ongoing Debate About Creditor Protections in Multi- Debtor Bankruptcies
(DBN)

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Sales:

First Circuit Limits Scope of Jevic in Mooting Appeal of Unstayed Bankruptcy Sale Order
(DBN)

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Serial Filing:

Multiple Bankruptcy Filings: Try, Try, Try Again (… And Again… And Again)
(DBN)

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Discharge:

Supreme Court Hears Argument in Appling Case on § 523(a)(2) Dischargeability Issues
(DBN)

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Avoidance Actions:

Check Pleas : Reimbursement Check Delivered to Employee Pre-Petition is Unauthorized Post-Petition Transfer
(DBN)

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TBTF:

Bank Rule Changes Chip Away at Those Pesky Stress Tests
(DBN)

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Travel:

Fatal Southwest Accident Puts Focus on Widely Used Engine • Workhorse engine that exploded on Southwest flight had caught regulators' attention before • Southwest begins probe into fatal engine blowout • FAA orders fan blade inspections after Southwest Air jet engine explosion • Stories Of Horror, Heroism Arise From Inside Southwest Flight After Woman Killed In Emergency Landing • Southwest Passengers Tried to Save Woman • Pilot Who Landed Plane Is Veteran With ‘Nerves of Steel’ • Southwest Captain, Former Navy Pilot, Praised for Calm Amid Catastrophe
(DBN)

Southwest flight forced to land after bird strike
(DBN)

Smoking engine forces Delta plane to return to Atlanta after takeoff
(DBN)

Which Airlines Go Cheap on Wine?
(DBN)

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Amusement Parks:

Schlitterbahn's Corpus park has two weeks to find buyer or face foreclosure
(DBN)

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Personal Finance:

Credit scores may jump in April, here's why
(DBN)

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Food/Beverage:

Produce companies seek money from defunct Erie County Farms
(DBN)

Starbucks drops to lowest consumer perception level since November 2015
(DBN)

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Student Debt:

The net worth of college graduates with student debt is truly depressing
(DBN)

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Hotels:

Pere Marquette developers agree to speed up sale
(DBN)

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Pensions:

Pension insolvency crisis only grows as Congress sits on its hands
(DBN)

US State Pension System Deficit Hits Record High in 2016
(DBN)

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UK:

The London finance jobs where women earn more than men
(DBN)

No, the U.K. Isn't Going to Rejoin Europe
(DBN)

Store closures loom as House of Fraser drafts in advisers
(DBN)

UK retail sales suffer worst quarter in a year after March snow
(DBN)

Almost a third of consumers see default as the responsibility of lenders – not the borrower
(DBN)

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EU:

The Growth of European Covenant Lite
(DBN)

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PIIGS:

Sean Dunne has 'zero interest' in €58m home
(DBN)

Greece needs post-bailout arrangement to help reforms
(DBN)

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Canada:

'Predatory' St. Albert fraudster going to prison for Ponzi scheme
(DBN)

Municipalities fighting for share of bankrupt oilpatch assets
(DBN)

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South Korea:

Can GM Korea avoid bankruptcy? Company says deal deadline is Friday • As GM mulls options for unit, how does bankruptcy work in South Korea? • South Korean government may save GM Korea from bankruptcy
(DBN)

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India:

Revised restructuring norms: Impact on project loans
(DBN)

1-day default norms: RBI DG flags rising breaches
(DBN)

2nd round: ABG Shipyard: Notice calls for fresh bids under IBC
(DBN)

To Prevent Crisis, Don't Just Privatize India's State Banks
(DBN)

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Hong Kong:

Goldilocks rejects Noble's director nominees for re-election • Noble to let shareholders vote freely on restructuring proposal; Goldilocks rejects director candidates • Noble Group amends restructuring plan as it races to get shareholder support
(DBN)

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Russia:

Russia: Our Response to US Sanctions to Hurt
(DBN)

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Australia:

Lawyers positive on insolvency law shake-up
(DBN)

An Insolvency Safe Harbour for Company Directors
(DBN)

Here's what economists are saying about Australia's jobs report
(DBN)

CBA planners billed dead clients for 'advice' - one for a decade after they died
(DBN)

Fewer Australians are falling behind on their home loan repayments
(DBN)

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Croatia:

Russian banks to control up to 50% of Croatia's new Agrokor
(DBN)

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Japan:

Japanese bank shares tumble on collapse of investment scheme
(DBN)

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China:

Now's a good time for China's soured-loan managers to focus on what's core
(DBN)

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