August 17, 2018

The Daily Bankruptcy News

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Law:

It’s Good To Be An Elite Biglaw Firm — Demand For Services Is Up
(DBN)

Allen & Overy ups junior lawyer pay to £83,000
(DBN)

Magic Circle Firms Continue To Spread The Wealth With Raises
(DBN)

Wanna Get Into The Law School Of Your Dreams? Best Have A Killer GPA To Match Your LSAT Score
(DBN)

Charges Filed In Murder Of Celebrated Supreme Court Litigator Suspect charged in shooting death of Mayer Brown partner Stephen Shapiro Prosecutor: Northfield attorney fatally shot by brother-in-law with money woes Prosecutors Detail Financial Motive in Shooting of Mayer Brown Partner
(DBN)

Prominent Indiana lawyer is shot and killed; client in civil case is a suspect Attorney Shot And Killed, The Suspect Is A ‘Longtime Friend And Client’
(DBN)

Lawyers May Use Facebook for Legal Questions, Bar Ethics Panel Says
(DBN)

Quarles & Brady Adds Madoff Litigator
(DBN)

The Importance Of Repeating Yourself
(DBN)

Law Prof Applicants Are Down 15% (48% From 2010)
(DBN)

ABA Seeks To Stay InfiLaw Accreditation Lawsuits
(DBN)

Arizona State Increases 1L Class By 35%, Raises LSAT (163), GPA (3.76) Medians, Following 64% Increase In Applications
(DBN)

Why Must Women Wear High Heels?
(DBN)

Sadly, Anyone Can Be An Attorney
(DBN)

Not Just the Pay Gap - Women Experience ‘Punishment Gap’ Too
(DBN)

How To Say No To A Job Offer
(DBN)

Laptop-less
(DBN)

Law Firms Looking To Game The New Tax Law? Think Again
(DBN)

Friends Reveal Why Kellyanne Conway’s BigLaw Husband Backed Out of Trump Admin Job
(DBN)

Does Your Firm's Strategic Plan Say Little and Accomplish Less?
(DBN)

Judge tosses Georgetown law grad’s suit over school job fair ban
(DBN)

Trump made clear that his decision to review and revoke security clearances has everything to do with the Russia investigation WSJ: Trump Revokes Ex-CIA Director John Brennan's Security Clearance Because of Russia Investigation Ex-CIA Chiefs Rebuke Trump Over Brennan Here’s why former intelligence officials keep their security clearances Legal Issues on Revoking Brennan's Clearance Former US security officials deliver scathing rebukes against Trump for yanking John Brennan's security clearance Rudy Giuliani reveals how Trump's legal team plans to fight a Mueller subpoena all the way up to the Supreme Court What happens if Mueller decides to subpoena President Trump? Every Single Person Who’s Challenged Mueller’s Authority Has Lost Meet the Special Counsel Team: So Careful They Won’t Even Disclose Their Shake Shack Orders Mueller Distorted Fraud Case, Manafort Lawyer Says Here’s Paul Manafort’s last-ditch effort to avoid 305 years of jail time Manafort Jury Deliberations: No Verdict Yet Jury in Manafort trial asks about 'reasonable doubt' as it ends first day Manafort Jury's First Questions Included Defining 'Reasonable Doubt' One of Manafort Jury's Four Questions For the Judge Has People Up in Arms All the Ways Manafort’s Lawyers Tore into Mueller’s Most Controversial Witness Manafort Attorneys Accused of ‘Premeditated and Risky’ Decision to Ignore Judge’s Orders Special counsel Mueller has 1,000-plus exhibits for ex-Trump campaign boss Manafort's next trial Judge: Trump's release of dossier memos opens door to disclosures from FBI
(DBN)

‘Mr. Trump, You’re Here For What?’ Jury Deliberations Kick Off with Odd Moment in Manafort Courtroom
(DBN)

Woman Fired for ‘F----- Mexicans’ Comment Defends Remark as Now Normal Workplace Talk After Trump’s Election
(DBN)

Michael Cohen reportedly balked at paying off Stormy Daniels until the 'Access Hollywood' tape was released — and that could cut through his and Trump's defense As ‘Access Hollywood’ Tape Surfaced, Michael Cohen Changed Tune on Paying Stormy Daniels
(DBN)

Royal Bank of Scotland: $4.9B Lesson for General Counsel on Misconduct, Dumb Emails
(DBN)

MGM’s Legal Bid Against Mass Shooting Victims Could Be Model
(DBN)

Stress Is Keeping Americans Up at Night
(DBN)

New trial motion says lawyer’s insults and ‘incurable character assassinations’ prejudiced the jury
(DBN)

Only 1.2% of Chicago police complaints lead to suspension or firing, new data says
(DBN)

CO: Documents show Watts family had financial issues, filed for bankruptcy Man Held on Suspicion of Killing Wife, Two Kids in Colorado Man suspected of killing wife, 2 young daughters had deep financial troubles Bodies of pregnant Colorado woman, 2 daughters likely found Was husband who killed his pregnant wife and kids bitter over her sudden success? Slain Colorado mother painted rosy picture of married life Girls Found Dead After Father Who Begged for Help Finding Them Was Charged with Murder
(DBN)

Colorado baker who refused to serve gay couple now wants to refuse to serve transgender person
(DBN)

Judge weighs contempt after paper publishes redacted information about alleged school shooter
(DBN)

Lawyer attacks critics of unpaid work offer
(DBN)

Lawyer disbarred for vicious headbutt
(DBN)

Bonkers Law Firm Website: The Sonn also poses
(DBN)

Jury Verdict Nixed as Sanction for Lawyer’s Misconduct
(DBN)

Barbershop Argument over Aretha Franklin and Halle Berry Leads to Shooting, Witness Says
(DBN)

New Jersey Superintendent Who P----- On Athletic Fields Will Receive $100,000 Compensation
(DBN)

A dead man filed a lawsuit, and an ethics expert says trouble could be coming for his lawyers
(DBN)

‘Didn’t Want to Go to Jail’: Dad Allegedly Tosses Toddler Son in Creek While Fleeing Police
(DBN)

Woman All Smiles for the Camera After Allegedly Swinging Sword at Her Boyfriend
(DBN)

Convicted women to be caned in Malaysia for 'attempting gay s--'
(DBN)

‘You Should Go To Law School’ Is Common Advice For Comedians
(DBN)

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Judges:

Justice Ruth Bader Ginsburg To Proudly Display Her RBG Action Figure
(DBN)

We Can Hear You! - Judges Issue Notice To Bankruptcy Attorneys About Telephonic Appearances
(DBN)

Fox News analyst: Judge in Manafort trial showing 'extraordinary bias' against prosecutors
(DBN)

Americans Divided on Kavanaugh’s Nomination to the Supreme Court Why Democrats Continue to Fight the Kavanaugh Nomination Senate Democrats ‘Ready to Sue’ for Kavanaugh Records
(DBN)

Here’s the couch, marble inlay, and office decor that got West Virginia’s entire Supreme Court impeached - $32,000 For A Couch
(DBN)

Is Trump finally ready to turn his sights to remaking the 9th Circuit Court?
(DBN)

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Wall Street:

US stock futures slip after yesterday's strong rally
(DBN)

European shares flat as uncertainties on trade war, Turkey remain
(DBN)

Dow rises more than 400 points on strong earnings, U.S.-China trade hopes
(DBN)

The legendary investor who predicted the past 2 bubbles breaks down how the 9-year bull market will end
(DBN)

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Layoffs:

Bridgeport nursing home closure to leave 200 jobless
(DBN)

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Politics:

Trump blasts the media in response to the hundreds of editorials decrying his attacks on the press Trump rips into Boston Globe for coordinating free speech editorials around the country Boston Globe receives threat after anti-Trump editorial Why a Free Press Matters Senate passes unanimous resolution avowing a free press Supreme Court Isn't on Trump's Side as He Bashes Media
(DBN)

Economy a Strength for Trump; Russia, Environment Weaknesses
(DBN)

Trump's favorite presidential powers
(DBN)

How Trump’s Outburst Over Security Clearances Harms the Presidency
(DBN)

The False Friend Dilemma: Why Trump Has Few Options In Dealing With Omarosa President Trump Reportedly Asked Jeff Sessions to Have Omarosa Arrested
(DBN)

Admiral who helped take out Bin Laden dares Trump to revoke his clearance
(DBN)

Kellyanne Conway opens up about how the president is affecting her marriage George Conway Throws Shade All Over Kellyanne’s Puff Piece
(DBN)

Corey Lewandowski says Trump is an ordinary guy because he once got stopped by the cops for using his phone while driving his Rolls-Royce
(DBN)

Pro-Trump super PAC seeks donations from billionaire Peter Thiel as the fight for Congress heats up
(DBN)

Steve Bannon courts Wall Street and business leaders for pro-Trump push during the midterms
(DBN)

The Texas Town That Proves Trump Supporters Aren’t Racist
(DBN)

Trump's military parade is expected to cost $92 million Trump's Military Parade Postponed Until '19 'Third world BS': Navy SEAL who says he killed bin Laden rips Trump's plan for a military parade
(DBN)

When Sarah Sanders and the ACLU Teamed Up for Voting Rights
(DBN)

Omarosa releases tape of Lara Trump offering job post-firing
(DBN)

75% Chance Dems Will Take House
(DBN)

FactCheck: "Texas is one of the most gerrymandered states in the union."
(DBN)

NFL Players Continue Anthem Protests
(DBN)

The perception Trump has managed to create around himself is vastly at odds with the cold realities of his track record
(DBN)

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Student Debt:

Student loans and death
(DBN)

Lawmakers weigh in on student-loan giant Nelnet’s battle with California
(DBN)

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Economy:

US jobless claims fall for a second straight week Weekly Initial Unemployment Claims decreased to 212,000 Jobless claims drop again, back near post-recession low
(DBN)

Powell to address interest-rate policy in 'changing economy' at Jackson Hole
(DBN)

Booming Walmart, Cisco results show US economy’s strength is real and broad-based Walmart's best sales in a decade show US consumer may be strongest in years because of the tax cut, jobs growth
(DBN)

Dick Bove: Global turmoil shows the US is still the safest place for your money
(DBN)

Philly Fed Manufacturing Survey "Growth in activity slowed" in August
(DBN)

Recession indicators are flashing a yellow ‘caution’ signal, Pimco says
(DBN)

There are signs the U.S. economy is approaching its speed limit
(DBN)

This is China’s most dangerous trade-war weapon Ebike prices rising due to tarrifs Trade war should 'really concern' Apple investors, hedge fund manager Dan Niles warns Worst case Trump-China trade war could sink stock market 20%: Professor Jeremy Siegel White House economic advisor Kudlow confirms trade talks to resume with China later this month US-China trade talks will focus on yuan weakness, experts say U.S. and China to Rekindle Trade Talks as More Tariffs Loom Oil shrugs at revival of U.S.-China trade talks to ease tensions Trump boasts about ‘great new trade deals.’ So far, he hasn’t finalized any Trump Says Farmers Are Starting to Do Well. The Data Says Otherwise US Steel to Invest $750M in Gary Plant Trade Wars Are Easy to Blow After a lull, more tariffs and talks U.S. hints China could face sanctions over Iranian oil imports Trump officials are using a bizarre new comparison to explain the US-China trade war China, unsure of how to handle Trump, braces for ‘New Cold War’
(DBN)

Trump administration nearing deal with Mexico on revised NAFTA — but issues with Canada remain
(DBN)

The number of 401(k) plan millionaires surges 41 percent, hits a new high
(DBN)

US bosses now earn 312 times the average worker's wage, figures show
(DBN)

Sacramento has been tracking license plates to monitor welfare recipients
(DBN)

These Pictures Capture The American Struggle During The Great Depression
(DBN)

Failing Infrastructure a Worldwide Problem
(DBN)

Why job seekers are relocating at historically low rates
(DBN)

The backlog for new heavy-duty trucks stretches deep into 2019
(DBN)

NY Times: The Tax Cuts Helped Rich People
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Housing tipping back to a buyer's market as sellers cut prices US homebuilding rebounded less than expected in July from a nine-month low
(DBN)

California: "Housing market retreats", Inventory up 11.9% YoY
(DBN)

Housing Starts at 1.168 Million Annual Rate in July Comments on July Housing Starts
(DBN)

Mortgage Delinquency Rate decreased in Q2
(DBN)

Mortgage rates tumble as housing starts to drag down the economy Freddie Mac: Mortgage rates decrease slightly but there's no relief in sight
(DBN)

A New Home for $90,000? Manufactured Housing Is Making a Comeback
(DBN)

HNA Is in Talks to Sell New York's 850 Third Ave. to B&L
(DBN)

SF: City Attorney sues developer of Fillmore Heritage Center over unpaid loan
(DBN)

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Municipalities:

Federal appeals court reverses decision involving Jefferson County bankruptcy case Court rules for Jefferson County in bankruptcy appeal Jefferson County, Alabama defeats ratepayers' bankruptcy appeal
(DBN)

Dem Candidate for Fla. Gov. Questioned Over Millions Owned in PR Debt
(DBN)

Puerto Rico debt investigator: Final report to be published by Monday
(DBN)

Florida suit seeks bilingual ballots for Puerto Ricans affected by Hurricane Maria
(DBN)

The Cities Where You Get the Biggest Bang for Your Buck
(DBN)

The High Cost of Trying to Land Amazon HQ2
(DBN)

A world of boomtowns
(DBN)

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Oil/Gas:

PetroQuest Energy skips Interest Payments, Warns Ch. 11 Possible
(DBN)

Iran is desperately trying to save its oil market share ahead of US sanctions
(DBN)

Keystone XL Delayed Again
(DBN)

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Movie Theaters:

MoviePass investors tell horror stories of watching their stakes drop over 99%, with some losing more than $100,000
(DBN)

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Pharma:

Trump wants federal suit against opioid manufacturers Trump wants Sessions to bring new opioids lawsuit
(DBN)

Texas officials were 'in over their heads' when they struck deals with opioid lawyers
(DBN)

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Taxis:

There’s a quiet battle of wills between Uber drivers and customers over who cancels first
(DBN)

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Waste:

Bankruptcy trustee eyes finish line in ECS cleanup
(DBN)

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Healthcare:

North Carolina eye center's owner files for bankruptcy with up to $10M debt amid harassment allegations
(DBN)

Surprise Medical Bills Even for Patients with Insurance
(DBN)

Trump readies new round of controversial Medicaid changes
(DBN)

Blue states dig in on the ACA
(DBN)

NYU to fund tuition for medical students NYU will offer a full ride to all medical students NYU Medical School Goes 100% Tuition-Free; $450m Has Been Raised Toward $600m Endowment
(DBN)

Early County trying to reclaim funds from hospital bankruptcy
(DBN)

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Retailing:

JC Penney Q2 misses as loss widens and CEO hunt continues Analysts are sounding the alarm on JCPenney JCPenney's latest results were absolutely dreadful JCPenney's turnaround is under threat as analysts slam the retailer as 'increasingly tired and lacking in spirit'
(DBN)

Steinhoff wins creditor support for debt restructuring plan
(DBN)

Walmart reveals the most bizarre top-selling items in every state
(DBN)

Eddie Lampert Ready To Suck The Remaining Life Out of Sears
(DBN)

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Finance:

Leveraged loans not as safe as they once were
(DBN)

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Mass Torts:

Third Circ. Revives Asbestos Claims Against Insurers in W.R. Grace Bankruptcy
(DBN)

Channeling Injunction Protects Insurer Against Industrial Hygiene Claims
(DBN)

______________

Celebs:

RHONJ: Homeland Security continues with deportation hearings for Joe Giudice
(DBN)

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Electricity:

Customers seek refund from utility over failed nuke project
(DBN)

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Debt Collection:

3rd Circuit Clarifies Meaning of “Debt Collector” under FDCPA “Principal Purpose” Definition
(DBN)

3rd Circuit Holds Unpaid Highway Tolls are Not “Debt” for FDCPA Purposes
(DBN)

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Paper Products:

Court Confirms Cenveo's Plan of Reorganization
(DBN)

______________

Biofuels:

Has Ethanol Hit Its Peak?
(DBN)

______________

Personal Finance:

8 Warning Signs You’re Living Beyond Your Means
(DBN)

Richard Branson reveals his best advice for young people who want to start a side business
(DBN)

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Marijuana:

Is a Legal North American Marijuana Market Possible?
(DBN)

______________

 


New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (11 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)

Chapter 11 Bankruptcy Case Studies
(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:

Soaring bankruptcy rates signal a 'coming storm of broke elderly,' study finds
(DBN)

These 10 Companies May File for Bankruptcy in 2018
(DBN)

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Bankruptcy Crimes:

Neurosurgeon sentenced to 2 years in federal prison for hiding assets in bankruptcy
(DBN)

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Jurisdiction:

Post-Confirmation Jurisdiction of the Bankruptcy Court: “Close Nexus” or “Conceivable Effect”?
(DBN)

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Cross-Border:

Judges Of The Worldwide Judicial Insolvency Network To Meet In New York City This September
(DBN)

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Standing:

When do Creditors of a Bankrupt Corporation Lack Standing to Bring an Unfair and Deceptive Trade Practice Claim?
(DBN)

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Executory Contracts:

Effects of Executory Contract Rejection — At U.S. Supreme Court
(DBN)

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IP:

Effect of Rejected Trademark License Agreement on Rights of Use
(DBN)

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Climate:

Ryan Zinke says human role in climate change is unknown
(DBN)

California's largest fire ever keeps growing as winds fan flames Unhealthy smoky air blankets Northwest Record Temperature Measured Off California Coast
(DBN)

Agency says Nevada’s Lake Mead Could drop below critical threshold
(DBN)

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Entertainment:

Relativity Media Sale to UltraV Holdings Approved by Bankruptcy Judge
(DBN)

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Cryptocurrency:

Nvidia says crypto-mining boom is over for now
(DBN)

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Food/Beverage:

Reorganization of bankrupt Applebee’s franchisee could include existing owner
(DBN)

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Maritime:

Bankruptcy comes closer for Murmansk Shipping Company
(DBN)

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Religion:

As Abuse Scandals Mount, DC Cardinal Turns to Jones Day The Catholic church's response to detailed report of rampant abuse Washington cardinal entangled in two abuse scandals After Pennsylvania church sex scandal, abuse victims elsewhere want full reckoning The Catholic Church Has Lost All Credibility There are two ‘scandals’ in Catholic abuse report, but church should get its priorities straight Catholic Priest Victim Speaks Out, Vatican Stays Silent Pennsylvania bishops mostly silent on prosecutor's challenge Questions for Catholics (and the Church) We Can Take On the Catholic Church for Covering Up Abuse. Here’s How Report on sexual abuse by priests renews calls for changing laws Vatican responds to priest abuse scandal with "shame and sorrow" The bottom line: It's too late for legal action against most predatory priests ‘It’s Really Hard to Be a Catholic’: The Pain of Reading the Sex Abuse Report
(DBN)

Bankruptcy court in Montana confirms Chapter 11 plan that pays $20M to clergy abuse victims
(DBN)

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Art:

Gallery Fraudster Accused of Converting 2 Dalis
(DBN)

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Autos:

Reagor Dykes can pay employees through August 30, judge says Reagor Dykes issues statement after Thursday bankruptcy hearing
(DBN)

Tesla’s Elon Musk describes ‘excruciating’ year, says ‘worst is yet to come’ Musk's take-private proposal for Tesla is a nightmare for potential advisors Tesla will lose money on a cheaper Model 3, analyst says Urban Dictionary is trolling Elon Musk with the definition of 'funding secured' Ropes & Gray's Higgins Says Musk Needs to Settle SEC Probe Quickly SEC wants to know what Elon Musk told Tesla directors about going private Tesla Was Under SEC Scrutiny Prior to Musk’s Tweet Elon Musk: My Year from Hell Tesla Model 3 Lines Shutting Down Early Tesla Gigafactory Worker Allegedly Trafficking 'Significant Quantities' of Cartel Drugs, says Ex-Employee Elon Musk's $420 target for Tesla stock probably wasn't a reference to weed
(DBN)

‘Peak Car’ and the End of an Industry
(DBN)

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Travel:

Southwest Airlines to allow miniature horses as service animals in new policy
(DBN)

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UK:

As Austerity Helps Bankrupt an English County, Even Conservatives Mutiny
(DBN)

House of Fraser Postmortem
(DBN)

As Brexit Draws Closer, Two Big UK Law Firms Top List of Those Looking to Ireland The EU fears British spies have bugged Brexit talks to obtain sensitive files For the first time, the British public believes Brexit will damage the NHS Theresa May's government has no deal Brexit plans for 84 areas of British life — here's the full list
(DBN)

Up to 200 Debenhams head office jobs at risk in move to cut costs
(DBN)

British public don't trust banks 10 years after crisis, survey finds
(DBN)

Summer late payment epidemic hits majority of UK’s small businesses
(DBN)

Queen Elizabeth's Doctor Dies Cycling To Work On ‘Cycle To Work Day’
(DBN)

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PIIGS:

Italy's populist government skates toward looming debt crisis
(DBN)

Italy Needs to Wake Up and Fix Its Banks
(DBN)

Greece set to exit bailout, still faces daunting challenges For Greece's austerity-hit elderly, bailout 'will never end'
(DBN)

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Denmark:

Fox Business host compares Denmark to Venezuela, gets slammed as ‘fake news’
(DBN)

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Turkey:

The lira is tumbling after the US said it's ready to kick its battle against Turkey up a notch U.S. Issues New Warning to Turkey Over Imprisoned Pastor Trump says the US 'will pay nothing' to Turkey for the release of detained pastor Mnuchin says US ready with more Turkey sanctions Purged By Turkey, An Ex-NATO Officer Speaks Out About Detention Under Erdogan Turks are smashing their iPhones to protest Trump Boiling A Turkey Turkey will emerge stronger from lira crisis despite row with U.S.: minister Why markets are worried about suddenly cold Turkey Turkey's Economy Is In Crisis. Here's How That Could Affect Your Investments Challenged by US and market crisis, Turkey turns to Europe Turkey 'ready to talk about everything' with US to solve disputes Qatar Comes to Aid of Turkey, Offering $15 Billion Lifeline As Lira Rebounds, Investors Find Other Ways to Bet Against Turkey Turkey’s fledgling finance minister put to the test Turkey's currency crisis will hit its Asian trade partners, economist says
(DBN)

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MENA:

Investors Appoint AlixPartners to Oversee Separation of Abraaj Growth Markets Health Fund from Abraaj Group
(DBN)

Dubai regulator probes Abraaj Capital, stops it from taking on new work Liquidators appointed to Abraaj Capital's Dubai arm
(DBN)

“Evil Is A Make-Believe Concept”: American Couple Is Murdered By ISIS While Cycling Through Tajikistan
(DBN)

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India:

India's Killer Drought Pushing People to Suicide
(DBN)

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Russia:

Russia Oil Could Weather US Bill from Hell
(DBN)

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Venezuela:

Swamped in Inflation, Venezuela Will Cut Five Zeros from Currency
(DBN)

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