August 3, 2018

The Daily Bankruptcy News

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Law:

Biglaw Firm Gives First-Year Associates Raise, Leaves Everyone Else Hanging
(DBN)

Median salaries for new law grads jump to $70K as BigLaw boosts hiring of newbie lawyers
(DBN)

June Brings Uptick in Legal Employment
(DBN)

Job Market For Law School Grads Is ‘Best Since The Recession,’ Bolstered By Biglaw Hiring
(DBN)

Keep The Home Fires Burning: The Siren Call of International Growth
(DBN)

Ex-BigLaw partner’s suit over mandatory retirement policy is felled by collateral estoppel doctrine
(DBN)

Is This the Fastest-Growing Firm in Big Law?
(DBN)

The 2018 GC Compensation Survey: A New No. 1 The General Counsel Bringing Home The Big Bucks
(DBN)

ABA Loses Multidistrict Litigation Bid in Law School Accreditation Suits Panel denies motion to consolidate suits against ABA by 3 InfiLaw schools ABA Can’t Consolidate Law School Accreditation Suits
(DBN)

Widening the Lens on Vermont Law
(DBN)

Innovation Is Not A Strategy
(DBN)

Law Firms Need Artificial Intelligence to Stay in the Game
(DBN)

Building Artificial Intelligence in the Law Firm
(DBN)

4 Things You Must Remove From Your LinkedIn Profile
(DBN)

Being Likeable
(DBN)

Magic Circle partner's car s-- film bribe shocka
(DBN)

OK, Got It, No More Photos Showing Manafort's Big-Spender Ways Manafort judge tells lawyers to nix facial expressions and eye-rolling Judge Scolds Lawyers In Manafort Trial For Being D-**** About The Whole Thing Skadden Counsel Tagged In Mueller Probe Paul Manafort on Trial: What’s at Stake A Hell of a Performance by Paul Manafort Mueller wants to interview Russian pop star Emin Agalarov, lawyer says Manafort case judge warns Mueller team they 'can't prove conspiracy' without star witness Mueller's team clears up confusion: They intend to have Rick Gates testify against Paul Manafort Manafort Trial Day 2: Fake bills, a banned word and a Rick Gates surprise Paul Manafort trial Day 3: Bookkeeper testifies about overseas accounts, cash flow problems, unpaid bills Prosecutors used Paul Manafort's bookkeeper to begin making a detailed case for the most substantial charges against him Manafort Submitted Doctored Statements to Bank, Jury Is Told Manafort's bookkeeper takes stand, denies knowing of offshore accounts Judge doesn’t want to hear any more about Manafort’s wardrobe Judge orders former aide of Trump ally Roger Stone to appear before Mueller grand jury Judge Orders Mueller Grand Jury Witness to Testify, Provide Documents Why Republicans Aren’t Planning for the Coming Mueller Report Trump has dropped any pretense of patience with Robert Mueller and is taking his legal defense into his own hands Bannon: Mueller a 'Good Man' 6 months of Trump’s excuses for not doing an interview with Mueller: a timeline Special counsel reportedly offers to limit in-person questions in Trump interview
(DBN)

Top Trump Donor Agreed to Pay Michael Cohen $10 Million for Nuclear Project Push
(DBN)

Avoiding Controversy, Rosenstein Defends Rule of Law in ABA Speech
(DBN)

Suspected Russian spy caught working in U.S. embassy in Moscow
(DBN)

Wife’s Dying Word Pushed DA to Seek Tex McIver Murder Charge
(DBN)

An activist group that holds companies involved in #metoo allegations accountable explains why it hasn't gone after CBS and Les Moonves CBS directors need to prepare to fire their CEO Leslie Moonves stays mum about harassment allegations during CBS earnings call Are Bro Hugs At Work Sexual Discrimination?
(DBN)

Ivanka says family separation was White House "low point" How Family Reunification Actually Works at the Border Rosenstein defends zero-tolerance immigration policy and rule of law in ABA speech An HIV-positive worker at an Arizona immigration shelter was charged with molesting at least eight unaccompanied minors Administration: ACLU Should Find Deported Parents, Not the Gov't
(DBN)

Suspect in Houston doctor's murder told friend he has a hit list
(DBN)

Mother allegedly tosses daughter, 4, into river; charged with murder
(DBN)

Police called on black Smith College student eating lunch
(DBN)

Answer: A Former Biglaw Associate! Question: Who Could Soon Be The Next Host Of Jeopardy?
(DBN)

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Judges:

Alert About Filing Documents Electronically with the US Bankruptcy Court for the Southern District of New York
(DBN)

Association of Bankruptcy Judicial Assistants Offers certification
(DBN)

Supreme Court Clerk Hiring Watch: The Complete Clerk Roster For October Term 2018
(DBN)

A key Trump advisor assures Koch donors that a lot more conservative judges are on the way
(DBN)

Arnold & Porter's Lisa Blatt Steps Into Fray, Backing Kavanaugh Nomination The Senate won't get all of Kavanaugh's files until late October I’m a Liberal Feminist Lawyer. Here’s Why Democrats Should Support Judge Kavanaugh.
(DBN)

Orrin Hatch suffers Merrick Garland amnesia: ‘We didn’t treat their candidates the way they are treating ours’
(DBN)

John Ninfo: Are we headed for a recession?
(DBN)

4th Circuit rejects Posner appeal, says judge saw futility in client’s bid to amend suit Judge Posner Loses Appeal In Laughably Lazy Fourth Circuit Opinion
(DBN)

Trump Gains Steam Against Judges Who Block His Orders Nationwide
(DBN)

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Wall Street:

Futures point to a slightly higher open as investors await jobs report
(DBN)

Stocks close mostly higher as Apple's market cap tops $1 trillion
(DBN)

This chart says stocks are about to run out of gas in a big way
(DBN)

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Layoffs:

West Corporation to layoff 148 employees
(DBN)

Symantec to cut 1,000 amid weak outlook
(DBN)

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Retailing:

Brookstone, your mall's tacky gadget store, just went bankrupt Brookstone is closing all its mall stores after filing for bankruptcy Brookstone is taking its second trip through bankruptcy in recent years Brookstone Runs out of Gimmicks, Files Chapter 11 America's dying malls have claimed another victim You Won't Miss Brookstone, But You Should Brookstone files for bankruptcy and will close more than 100 mall stores New Delaware Chapter 11 Filing – Brookstone Holdings Corp. Summary: New Chapter 11 Filing - Brookstone Holdings Corp. First Day Dec
(DBN)

Macy's stock is doing almost as well as Amazon
(DBN)

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Autos:

Lubbock attorney considers options for Reagor-Dykes bankruptcy
(DBN)

Elon Musk backs off Tesla's goal of making 1 million vehicles by 2020 Tesla Increases Price of Model 3 Tesla surges after it slows its cash burn and Elon Musk apologizes for 'bad manners' Tesla short sellers are sitting on a paper loss of nearly $2 billion after stock rally Elon Musk's apology 'sounded like someone was ripping his spleen out,' NYU's Scott Galloway says
(DBN)

Disruption? - No, Rental Cars Aren’t About to Disappear
(DBN)

Trump Fires First Shot in California Car Wars Weaker fuel economy rules would mean a world of chaos for the auto industry
(DBN)

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Turnarounds:

11 painful moments CEOs and founders thought their business was sunk — and how they turned it around
(DBN)

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Politics:

U.S. intel chief confirms Russians hacking candidates, government officials Coats calls Russian efforts to intervene in U.S. elections 'pervasive and ongoing' National security leaders at White House briefing warn of 'pervasive' threats to US elections White House makes show of force on election meddling Russian meddling continues and Trump couldn’t care less A "pervasive" new worry for campaigns Hours after White House warns of new election meddling, Trump again points to 'Russian hoax'
(DBN)

Bipartisan Senate Group Pushes ‘Crushing’ Punishments to Thwart Russia
(DBN)

Trump Tweets, Then Deletes, Endorsement of Wrong Candidate
(DBN)

Ivanka breaks with her dad on media as "enemy of the people" Trump responds to Ivanka by claiming he didn't call media "the enemy" Trump clarifies that only a 'large percentage' of media is 'enemy of the people' after rebuke from Ivanka Trump Again Attacks the News Media Trump declares the media his enemy in escalated attack on 'fake, fake disgusting news'
(DBN)

The RNC just followed Trump's lead and distanced itself from the billionaire mega-donor Koch brothers
(DBN)

A Record Number of Democratic Challengers Are Outraising GOP Opponents Democrats hopeful after poll shows plummeting trust in Trump
(DBN)

Fox’s Sean Hannity says CNN’s Jim Acosta deserved heckling at Trump rally Sarah Sanders Won’t Tell CNN’s Jim Acosta He’s Not The Enemy
(DBN)

Poll: Trump Earns 50 Percent Approval From Rasmussen Poll of Polls: 43.5%
(DBN)

'Donald rambled. He spoke gibberish': Former White House staffer Omarosa Manigault questions Trump's mental health in upcoming book Hell Hath No Fury Like an Omarosa Scorned
(DBN)

Trump Jr. claims the DNC's platform is similar to the 'Nazi platform of the 1930s'
(DBN)

How the Christian Right Traded Family Values for Trump
(DBN)

Krugman: Stop Calling Trump a Populist
(DBN)

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Movie Theaters:

MoviePass Bankruptcy Watch MoviePass parent Helios and Matheson's stock continues plunge into fractional territory Three theories on why MoviePass failed MoviePass: 'Talk of our demise is greatly exaggerated'
(DBN)

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Entertainment:

Netflix, Relativity Settle Long-Running Legal Dispute Netflix and Relativity Settle Contract Dispute, Clearing Obstacle to Sale Relativity moves closer to sale with Netflix settlement
(DBN)

Harvey Weinstein Says He Has 40 Emails That Prove Victim Consented Harvey Weinstein Seeks to Publish ‘Exculpatory’ Emails from Assault Accuser Harvey Weinstein to Seek Dismissal of Criminal Case Based on What Grand Jury Wasn't Shown Harvey Weinstein Gets Approval to Disclose Accuser’s Emails
(DBN)

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Economy:

Weekly Initial Unemployment Claims increased to 218,000 Jobless claims cling near 45-year low
(DBN)

It’s time for the Fed to activate safeguards against financial bubbles
(DBN)

Record number of job openings for small business, NFIB says
(DBN)

Army using drug waivers, bonuses to fill ranks
(DBN)

Fiscal Policy Gives the Economy a Boost
(DBN)

Trump got a dynamite GDP number last quarter — and early signs point to the next one being even better
(DBN)

The Trump administration is headed for a gigantic debt headache
(DBN)

Trump’s tax cuts have so far failed to deliver on one key promise
(DBN)

July Employment Preview Goldman: July Payrolls Preview U.S. jobs report for July likely to be another good one, but the real story is rising wages Big jobs report Friday: Strong payrolls growth expected for July with unemployment rate set to fall to 3.9% 5 Things to Watch in the July Jobs Report
(DBN)

The most popular American cars will cost thousands of dollars more because of tariffs Concern about Trump's trade war has 'spiked tremendously' among America's largest companies Consumers Are About to Feel the Pinch Why the U.S.-China trade deficit is so huge: Here’s all the stuff America imports Ivanka Trump: American farmers are going to thrive long-term Red kidney beans are piling up. Growers are worrying. Customers are canceling. This is how tariffs ripple through U.S. agriculture A Farmer on Trump’s Trade War: I Can’t ‘Take It’ US Farmers Want Trade Not a Gov't Handout These popular brands say Trump's tariffs will force them to raise prices Ohio Whirlpool plant runs hot and cold on tariffs Trump-China trade war is 'like pro wrestling' but sometimes folks still get hurt: Pimco advisor Ross Signals More Tariff Pain Ahead in China Trade Battle Trump mocks Charles Koch for saying tariffs unfair to foreign workers: 'He is correct' Chinese Goods May Face 25% Tariffs, Not 10%, as Trump’s Anger Grows Trump threatens to double tariffs on Chinese imports, but stops short of actually doing it Possible new U.S. tariffs on Chinese goods not 'cataclysmic': Commerce Secretary China says it must retaliate against tariffs 'to defend the nation's dignity' Trump is foolish to think China will back down from a trade war It's OK To Panic: Latest China Trade-War Freakout Is The Real Deal Can Beer & Soda Makers Survive Trump Tariffs With Price Hike? China loses status as world's second-largest stock market amid trade war with US The Trump administration is backing down on one of its tariffs, and it's a big win for the newspaper industry US Steel a big winner after tariffs boost prices In U.S., Trump's China Trade War Has Few Casualties
(DBN)

U.S. Steel tanks 9% as earnings boost fades Trump FactCheck: "U.S. Steel just announced that they are building six new steel mills."
(DBN)

11 American Companies No Longer American
(DBN)

America’s 1% hasn’t controlled this much wealth since before the Great Depression
(DBN)

Here's how much you have to earn to be in the top 0.01% in every US state
(DBN)

Ivanka on paid family leave: "Not in this Congress" Sen. Marco Rubio says family leave shouldn't be a "bankruptcy-inducing event"
(DBN)

Apple becomes first trillion dollar company Apple Is Worth $1,000,000,000,000. Two Decades Ago, It Was Almost Bankrupt A trillion-dollar Apple market cap is nothing to celebrate, argues Mark Hulbert Apple at a trillion-dollar valuation isn’t crazy like the dot-com bubble The first company to ever reach $1 trillion in market value was in China and got crushed If you invested $1,000 in Apple 10 years ago, here’s how much you’d have now This chart shows Apple's steady climb toward becoming the first trillion-dollar company in the US Here's what CEO Tim Cook told employees about Apple's $1 trillion valuation
(DBN)

Hotels: Occupancy Rate Increased Year-over-Year
(DBN)

This High School Teacher Quit His Job to Deliver Groceries. Now He's Making $100,000 a Year
(DBN)

The cost of a morning commute, around the world
(DBN)

Internal Documents Show How Trump Administration Misled Public on Poverty
(DBN)

The Winners and Losers of America’s Startup Economy
(DBN)

Where the jobs are: Trucking companies are hiking wages as they struggle to attract younger drivers
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Mortgage rates climb as housing market loses its mojo
(DBN)

Buyers in expensive neighborhoods find more homes for sale
(DBN)

A major home price index is now 10% above its peak right before the financial crisis
(DBN)

Middle-class Americans still haven’t recovered from housing bust, study finds
(DBN)

Lava from Kilauea eruption has added a mile to Hawaii's coastline
(DBN)

The famous Reno drunk and the housing-market hangover
(DBN)

Some home sellers would see huge savings under Treasury tax cut plan
(DBN)

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Municipalities:

Puerto Rico power rates could impact viability of water utility's fiscal plan
(DBN)

Puerto Rico Power Company CEO Expects Privatization in Two ...

Puerto Rico's wounded Medicaid program faces even deeper cuts
(DBN)

Detroit’s bankruptcy is not a thing of the past
(DBN)

Rebuttal to Kobach's Critique of Article
(DBN)

The Dirty Truth About San Francisco's Sidewalks
(DBN)

States That Are Falling Apart
(DBN)

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Oil/Gas:

Russia Reverses Almost All Its Oil Production Cuts
(DBN)

The U.S. Oil Production “Mirage”
(DBN)

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Food/Beverage:

Red Robin Gourmet Burgers shares nosedive 20% after profit warning, analyst downgrades
(DBN)

Blue Apron loses more customers
(DBN)

Bottle shock: Treasury challenges tax break for wine importers
(DBN)

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Religion:

Pennsylvania Diocese Orders Removal of Former Bishops’ Names From Church Buildings
(DBN)

Clergy abuse victim-turned-lawmaker calls for reforms in and out of Catholic Church
(DBN)

Greensburg, Pittsburgh Dioceses to remain mum on priests named in grand jury report
(DBN)

Even before recent revelations, U.S. Catholics gave Pope Francis declining ratings on abuse scandal
(DBN)

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Celebs:

'American Chopper' Star Paul Teutul Sr.'s Epic Bankruptcy Court Meltdown Revealed
(DBN)

These Are The 20 Highest-Paid Celebrities Right Now
(DBN)

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Student Debt:

Federal Inaction And State Activity: Student Lo an Edition
(DBN)

An alarming percentage of divorcees say student loans ended their marriage
(DBN)

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Fraud:

Ex-CEO: Uresti advised altering FourWinds bank statements
(DBN)

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Climate:

China may be most at risk for deadly, extreme heat waves
(DBN)

The export economies that stand to lose most from climate change
(DBN)

Major hurricanes now once a decade — not once a century, top insurance firm says
(DBN)

The West is on fire ... again
(DBN)

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Pharma:

Drugs could account for more health spending than we thought
(DBN)

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Cryptocurrency:

Mt Gox Creditors Are Preparing to Claim for Bitcoin Repayments Mt. Gox revised basic policy for the rehabilitation plan has been released Mt. Gox Bitcoin Stash Worth $1.3 Billion Won’t Move Before Summer 2019
(DBN)

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Brides:

Bankruptcy filing unveils money woes facing Sharon bridal business
(DBN)

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Corporate Governance:

Delaware Enacts Amendments to LLC Act and Delaware General Corporation Law
(DBN)

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Aviation:

Fly Orange shuts down, files for bankruptcy
(DBN)

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Newspapers:

Decision to lower tariffs on newsprint by 5 percentage points viewed as limited help for struggling newspapers
(DBN)

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Construction:

Construction Sector Deep Dive
(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 (21 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (15 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:

Bankruptcy filings drop 10.8 percent in Buffalo-Rochester
(DBN)

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Bankruptcy Remoteness:

Waiver of Right to Seek Bankruptcy Protection Revisited
(DBN)

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Make-Whole:

Recent Developments with Make-Whole Provisions in Chapter 11 Cases
(DBN)

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SCOTUS:

Ignoring Constitution’s “Bankruptcy Clause” at U.S. Supreme Court — A Historical Peculiarity
(DBN)

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Advisors:

Lazard Gets Some Unsolicited Deal Advice: Consider Splitting
(DBN)

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Avoidance Actions:

If an Asset Protection Trust is Used as a Receptacle for Assets, Is this Automatically a Fraudulent Transfer?
(DBN)

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Television:

Tim Cook: Cord-cutting will ‘probably accelerate at a much faster rate than is widely thought’
(DBN)

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Healthcare:

Senior care operator, mired in bankruptcy, reaches $18.4M settlement with allegedly faulty contractor
(DBN)

Medicare's most despicable, indefensible fraud hotspot: Hospice care
(DBN)

The VA hospital in DC was reportedly using rusty surgical tools and water full of bacteria, and employees say the 'critical' situation is getting worse
(DBN)

Medicare approves $4.8 billion raise for hospitals
(DBN)

NY Takes Stand Against ACA Dismantling
(DBN)

Younger doctors are more open to single payer
(DBN)

Health care industry on track for massive profits
(DBN)

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Tax:

So your wife embezzled $500,000 and the IRS wants to tax you
(DBN)

Proskauer Rose Triumphs Over Claims it Created a Fraudulent Tax Shelter
(DBN)

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Musical Instruments:

Gibson CEO opens up about bankruptcy, his future and more
(DBN)

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Dry Cleaning:

Denver dry cleaners chain closes, files for Chapter 7 bankruptcy
(DBN)

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UK:

Tory shire that's going bust: Bankrupt council faces slashing services amid growing anger over £70m black hole
(DBN)

London Stock Exchange Triggers No Brexit Plan Two-thirds of business leaders believe Theresa May is heading for a no-deal Brexit Will Emmanuel Macron help Theresa May save her Brexit deal? The EU Whispers Sweet Nothings to Theresa May
(DBN)

Sharp rise in company debt judgments
(DBN)

British pound slumps as BOE adopts hawkish policy stance
(DBN)

Six lessons from the Iresa collapse
(DBN)

Poundworld administration – what happens next?
(DBN)

A Spectacular Blowup In the British Housing Market
(DBN)

Someone switching jobs will typically get a pay rise 2.5 times higher than someone staying in their job
(DBN)

Blow for House of Fraser as Chinese firm drops plan to invest
(DBN)

Zumbo falls into administration
(DBN)

Steinhoff moves two key units to UK after board shake-up
(DBN)

Amazon is under fire for its tiny £4.6 million UK corporate tax bill
(DBN)

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PIIGS:

Greece is emerging from crisis. There is a huge amount left to do
(DBN)

ie: Supreme Court has the Final Say on Litigation Trafficking
(DBN)

Italian banks face worsening doom loop
(DBN)

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Canada:

Sault businesses may lose millions in proposed sale of steel mill
(DBN)

Connacher Oil and Gas Limited Announces Entering Into of CCAA Acquisition and Plan Sponsorship Agreement and Purchase and Sale Agreement with East River Oil and Gas Ltd.
(DBN)

Vancouver Suffers Its Worst July for Home Sales Since 2000
(DBN)

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MENA:

Abraaj Fund Investors Hire Advisers to Help Recover Debt
(DBN)

Other countries abolished debtors’ prisons long ago. In Gaza, they are full
(DBN)

Electricity cuts across Iraq make life unbearable in summer heat
(DBN)

UAE's 90-day amnesty programme gets robust response on first day with debt-laden foreign workers lining up
(DBN)

Saudi men are retaliating against women drivers
(DBN)

Investors Sour on Dubai Regulator Amid Abraaj Meltdown
(DBN)

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Germany:

Germany blocks Chinese acquisition amid national security concerns
(DBN)

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Brazil:

Brazilian airline Gol says demand holding up as loss widens
(DBN)

Brazil's Oi sets key shareholders' meeting for early September
(DBN)

‘I’m Totally Freaked Out’; Brazilians Weigh a Farewell to Paradise - Shaken by violence, thousands of TV stars, bankers, lawyers and wealthy Brazilians are fleeing the country
(DBN)

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Switzerland:

Simplifying foreign insolvency and restructuring decisions' recognition regime in Switzerland
(DBN)

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India:

Banks, lessors serve default notices to debt-ridden Air India
(DBN)

Govt ready to make more changes, if necessary, to Insolvency and Bankruptcy Code
(DBN)

Insolvency: Current narrative on ‘haircuts’ a myth, says MCA Secretary Srinivas
(DBN)

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Argentina:

Secret Papers Trigger Argentine Scandal
(DBN)

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China:

HNA's Great Unwinding Ramps Up as Buyers Circle Jets, Hotels
(DBN)

China July services new business growth weakest since December 2015: Caixin PMI
(DBN)

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Venezuela:

Venezuela Eases Foreign Exchange Controls Amid Economic Meltdown
(DBN)

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Thailand:

Good, Bad and Ugly Ways to Wipe Out Corporate Losses
(DBN)

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