July 19, 2018

The Daily Bankruptcy News

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Law:

When Your Salaries Are Undermarket, Even Raises Will Make Associates Yawn
(DBN)

Women In-House Attorneys Earn 78 Percent of Male Colleagues
(DBN)

Law Firm Leaders Are Bullish: 70% Expect Growth In 2d Half Of 2018; Only 9% See Drop
(DBN)

In Acquisition Spree, Barclay Damon Hooks On to 14-Lawyer Bankruptcy Firm
(DBN)

Cornell and NYU Law to Accept the GRE
(DBN)

BakerHostetler Closing On $1B Fee Mark For Madoff Case
(DBN)

A Chat With Gibson Dunn Diversity Chief
(DBN)

UK: High street law firm advertises for unpaid paralegals
(DBN)

What It’s Really Like To Be The Managing Partner At A Biglaw Firm
(DBN)

Practicing in Multiple Jurisdictions Ethically
(DBN)

Fox Rothschild Explores Potential Merger With NC-Based Midsize Firm
(DBN)

How Good Are Lawyers in Mid-Market Cities?
(DBN)

Maybe It’s Time For You To Think About ‘Retirement’ From Law Practice
(DBN)

Biglaw Circles The Wagons, Say One Of Their Own Doesn’t Deserve Jail Time Despite Felony Conviction
(DBN)

Solos And Small Firm Lawyers: What’s In Your Wallet? (Part II)
(DBN)

Tonkon Torp, targeted alongside Sidley Austin and prominent auditing firms that did work for Aequitas Management, has reached an $18.5 million deal that would resolve a proposed investor class action and related individual suits. Sidley continues to face
(DBN)

Working In The Public Sector Can Give You Debt-Forgiveness Handcuffs
(DBN)

When the Numbers Don't Add Up: Vermont Law School's Tenured Faculty Purge and What It Portends
(DBN)

Avvo’s Announces The End Of Its Legal Services Program While Pointing Out What They Really Think About Lawyers
(DBN)

Vault Rankings: The Best Midsize And Boutique Law Firms To Work For (2019)
(DBN)

9 Signs That You're An Ambivert
(DBN)

SDNY Prosecutors Have 3.2M Items From Cohen Raid—and Counting: Special Master Reports Putin’s Big Tell? Now We Know Why Judge Suddenly Halted Manafort Proceedings, and it’s a Huge Deal Magistrate Judge Orders Accused Russian Agent Held Pending Trial Maria Butina viewed trading sex for favors as a 'necessary aspect of her activities' in the US, DOJ says Prosecutor Said 'Trump's Son Should be Concerned' About Wiretaps of Butina's Alleged Handler Alleged Russian Spy Accused of Offering Sex for a Job and Much, Much More Trump’s Botched Putin Summit May Help Protect the Russia Probe What Mueller’s Latest Indictment Reveals About Russian and U.S. Spycraft What Mueller Knows About the DNC Hack—And Trump Doesn’t ‘Taxi King’ Cooperating in Feds’ Michael Cohen Probe Hit with $1.34 Million Harassment Penalty
(DBN)

New York governor opens the door to a criminal case against the Trump Foundation
(DBN)

Federal Judge Calls Out DNC for Playing ‘Games’ in Attempt to Sue Kushner
(DBN)

Stormy Daniels' lawyer brings protest to front of White House
(DBN)

Law firm investigating OSU abuse interviews Jim Jordan
(DBN)

Why MGM is Suing Las Vegas Shooting Victims MGM's Suits Against Las Vegas Shooting Victims Are Unprecedented, Lawyers Say Changing Dealers? MGM Resorts Sues The Victims In The Mandalay Bay Massacre 'They're Suing Dead People': Attorney Who Survived Las Vegas Shooting Shames MGM Resorts MGM's suit is not an attack on victims of the Las Vegas shooting
(DBN)

Mark Zuckerberg says Facebook won't ban Holocaust deniers because it wants to give people 'a voice' — and it's not going over well Zuckerberg effectively defends right of Holocaust deniers to be heard on Facebook
(DBN)

Former New York lawmaker Dean Skelos and son convicted again after 2nd Circuit reversal
(DBN)

Top lawyer for state health department is charged with sending threatening emails to herself
(DBN)

How Corporations Won Their Civil Rights
(DBN)

The Trump administration deported parents without their children — and lawyers worry they could never find them Homeland Security Advisers Abandon Kirstjen Nielsen Over ‘Immoral’ Family Separation Policy From cribs to courts: Trump administration summons immigrant infants to court Small Town Looks to Ban Undocumented Immigrants from Renting Apartments, Getting Jobs
(DBN)

US Border Agents Seize a $500K Inheritance
(DBN)

Fox Settles $30 Million Muhammad Ali Lawsuit
(DBN)

Bull-riding accident lawyer is accused in cyberattacks against websites critical of him
(DBN)

“It’s OK, She Is Gonna Be 16 Soon”
(DBN)

Wichita Atty Charged In Cyberattacks Over Online Posts
(DBN)

Texas Police Under Fire After Stunning Autistic 19-Year-Old
(DBN)

Intoxicated Woman Injured 3 People While Driving Ice Cream Truck on National Ice Cream Day, Police Say
(DBN)

California Supreme Court Stops Voting for Breakup of State
(DBN)

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Judges:

Trump's Supreme Court pick Kavanaugh would 'put the final nail in' case upholding independent counsel law White House Defends Kavanaugh On Independent Counsel Kavanaugh Wants To ‘Put The Nail’ In Case Authorizing Independent Counsel, Which Isn’t Terrifying At All The Only Republican Opposing Brett Kavanaugh Kavanaugh Polling Like Bork, and Miers Gallup: Initial Views on Kavanaugh Confirmation Divided
(DBN)

S.D.N.Y. Judge Katherine Forrest Is Leaving The Bench
(DBN)

BK SD MS: New Case Assignment Procedure - Chapters 9, 11, 12, and 15
(DBN)

Labaton Petitions 1st Circuit for 'Fair and Impartial' Judge
(DBN)

Supreme Court Approval Highest Since 2009

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Wall Street:

Dow futures pull back after 5-day rally, with earnings in focus US stock futures suggest a negative open as earnings season continues
(DBN)

Stocks close higher as Morgan Stanley boosts banks
(DBN)

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Layoffs:

Will the rise of artificial intelligence lead to more job cuts at law firms?
(DBN)

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Politics:

US offers no details as Russia claims Trump and Putin reached military agreements Trump denies Russia is targeting U.S. at Cabinet meeting Trump: Russia No Longer Targeting America. US Intel: Yes, They Are Sarah Huckabee Sanders goes back and forth with reporter 16 times over what Trump meant when he said 'no' John Dean: Trump Will Survive This Scandal
(DBN)

Russian Speakers Explain What Putin Actually Said About Trump
(DBN)

FBI Director: China, not Russia, is the biggest threat to the US
(DBN)

Trump again defiant after rare mea culpa on Russia Trump Is Fighting the Entire Republican Party to Defend Putin GOP Majority Back Trump's Putin Performance Trump High IQ People Loved My Putin Meeting Poll: Huge GOP majority backs Trump's Putin performance Meet Marina Gross, the interpreter who was the only other American in the room for Trump and Putin's 1-on-1 meeting in Helsinki 'I don't know what the fuss is all about': Trump commends his performance at the widely-panned summit with Putin Trump accuses the media of Russia warmongering White House struggles to contain political outcry over Trump-Putin summit Trump discussed allowing Putin to interrogate US ambassador Dershowitz: Trump ‘Made a Serious Mistake’ During Putin Presser Uncomfortable Questions in the Wake of Russia Indictment 2.0 and Trump’s Press Conference With Putin Before inauguration, Trump reportedly saw evidence Putin personally ordered election interference Putin’s ‘Incredible’ Offer to Trump Tied to 2016 Campaign Meeting Trump says he holds Putin personally responsible for election meddling
(DBN)

Ex-White House Steno: Why I Quit
(DBN)

How Trump Withstands the Controversies
(DBN)

Protesters are gaming Google's algorithm so that photos of Trump come up when you search 'idiot'
(DBN)

Trump "incapable of stating the facts," Bush adviser says
(DBN)

Why Has Donald Trump Been Saying His Father Was Born In Germany?
(DBN)

GOP lawmaker set to introduce carbon tax bill
(DBN)

Trump Goes After Montenegro Trump's sharp criticism of NATO's newest member has a point, but his comments are playing right into Russia's hands
(DBN)

Earmarks Explosion: Return of Pork Barrel
(DBN)

David Rubenstein: Democrats winning the House in November is no longer 'conventional wisdom' Michelle Obama wades into the midterms House Dems bet on 'For the People' slogan to counter Trump 'tweet' machine
(DBN)

Soros: Obama My Greatest Disappointment
(DBN)

How Sacha Fooled the Nation's Leaders Do Sacha Baron Cohen's Targets Have a Shot at Winning a Lawsuit? Sacha Baron Cohen Exposed by Gun Store Owner in Hilarious Fashion
(DBN)

San Francisco Registers Non-Citizens for Vote
(DBN)

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Retailing:

Toys ‘R’ Us reaches settlement with creditors, vendors
(DBN)

Amazon and CEO Jeff Bezos have beat out Walmart to become a symbol for everything wrong with American big business
(DBN)

Hackers 90% of Login Attempts at Retailers
(DBN)

Steinhoff wins creditor support for debt restructuring plan
(DBN)

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Economy:

Fed's Beige Book: Economic Growth "moderate or modest", "concern about tariffs", "Shrinking Margins" Worker shortages, rising costs hemming in a U.S. economy bursting at the seams, Fed’s Beige Book finds U.S. stocks little changed after Beige Book underscores tightness of labor market, tariff worries Fed’s beige book shows mounting tariff concerns among businesses
(DBN)

Powell Just Said It’s His Fed Now
(DBN)

Fed Chair Hints He May Ease Off on Rate Boosts
(DBN)

Fed's latest forecast: 4.5 percent — July 18, 2018
(DBN)

Wages aren’t growing when adjusted for inflation, new data finds
(DBN)

U.S. deficit now projected to top $1 trillion starting next year
(DBN)

Trump may bury the global recovery, Roubini says
(DBN)

This unusual move in the bond market appears to be signaling interest rates are about to break out
(DBN)

Fed Tells Congress to Get Its House in Order
(DBN)

'It's a lot of money' — Trump's tariffs take a toll on farmers in Pennsylvania, a key state in the fight for Congress Trump trade advisor Peter Navarro: 'Zero-sum game' between China and the rest of the world American farmers are the biggest losers in Trump’s unnecessary trade war Trump administration opens investigation into uranium imports, potentially teeing up new tariffs Europe looks to Asia after attacks from Trump Fed: Manufacturers in every corner of America are worried about Trump's tariffs Trump Tried to Protect Qualcomm. Now His Trade War May Be Hurting It Trump Threatens Auto Tariffs Despite Widespread Opposition Trump faces growing storm over car tariffs as lobbying ramps up ‘Huge step in the wrong direction’: Public urges Trump to abandon auto tariffs ahead of hearing The Trump trade war's hairpin curve: Autos Here's how much your next car could cost if Trump auto tariffs go through US carmakers could be next victims of Trump's 'easy to win' trade war Trump May Kill the Global Recovery Trump Tariffs Eats Up Alcoa's Profits ‘Shocking' and 'bogus': China's foreign ministry rebukes Kudlow for trade remarks Former Trump advisor Steve Bannon: 'We're at war with China' Wilbur Ross envisions progress on trade disputes "well within a year" Fed's Powell Says A Long Trade War Could Hurt U.S. Economy The EU is already preparing for trade talks with Trump to fail — and is readying a major retaliation Trump considers the EU a trade "foe" -- is it? Trump’s Damage to International Trade Will Take Years to Repair
(DBN)

Kudlow says economic growth could top 4% for 'a quarter or two,' more tax cuts could be coming Kudlow: Tax Cuts 2.0, 3.0 and 4.0 May Be Coming
(DBN)

Larry Kudlow: No recession in sight, maybe not until 2024
(DBN)

Economists See More Growth Ahead
(DBN)

Tax Reform Will Pay Big Dividends For This Economy
(DBN)

Trump Tax Cuts Not Boosting Wages For most U.S. workers, raises remain elusive Play Video Last year’s massive corporate tax cut was supposed to boost wages. So far, it hasn't
(DBN)

Trump says U.S. may pursue separate trade deal with Mexico Trump talks of 'good sessions' with Mexico, sparking jump in peso on trade deal hopes Commerce Secretary Wilbur Ross: We've seen 'positive developments' in trade talks with Mexico
(DBN)

Looks like married couples are lying to the US Census about who earns more money
(DBN)

The government has no idea how many gig workers there are—here’s why that’s a problem
(DBN)

The quicksand of low-wage work
(DBN)

Food-Stamp Use Is Still at Recession-Era Levels Despite Job Gains
(DBN)

House passes massive bipartisan economic growth bill
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

June housing starts down 12.3% vs. down 2.2% est. Housing starts tumble to 9-month low as market headwinds crush momentum US housing starts plunge by most since 2016 to nine-month low Housing Starts decreased to 1.173 Million Annual Rate in June Comments on June Housing Starts
(DBN)

AIA: "June architecture firm billings stay positive"
(DBN)

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

Hawaii: Lava Destroys 700 Homes
(DBN)

As Hurricane Season Arrives, U.S. Homeowners Haven’t Fixed Their Big Underinsurance Problem
(DBN)

The salary you need to afford rent in every state, ranked
(DBN)

New York City to Crack Down on Airbnb
(DBN)

Rents keep dropping in New York as a new wave of retail moves in
(DBN)

Phoenix Real Estate in June: Sales down 3%, Active Inventory down 10% YoY
(DBN)

Court of Appeals declares FHFA structure unconstitutional
(DBN)

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Municipalities:

Puerto Rico's power company sees 3rd CEO in 2 weeks Puerto Rico governor names new utility head after board members quit
(DBN)

Puerto Rico pension fund, bondholders face off over collateral
(DBN)

Reporters, Retirees Look Back at Detroit's Bankruptcy Five Years Later
(DBN)

5 years after bankruptcy filing, Detroit is cool but faces many of the same challenges
(DBN)

Detroit bankruptcy 'threw everything into chaos' for retirees
(DBN)

Detroit's Bankruptcy 5 Years Later: 'There's A Chance Here To Create A New Paradigm'
(DBN)

After Detroit bankruptcy: Optimism, but 'challenges are real'
(DBN)

County to weigh US Supreme Court appeal on $28.1M judgment, bankruptcy possible
(DBN)

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Oil/Gas:

US governments are suing the world's largest oil companies for making climate change a 'public nuisance'
(DBN)

Oil prices volatile as U.S. crude stockpiles rise unexpectedly and output climbs to a record
(DBN)

Texas could soon be the world's third-largest oil producer
(DBN)

The Oil Market Is Getting More Dangerous
(DBN)

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Forest Products:

Five years after a massive fire near Yosemite, political 'miracle' erodes as Trump demands more logging
(DBN)

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Autos:

Short seller Jim Chanos hits back at Elon Musk for over-promising on Tesla Tesla Model 3 buyers lose patience and maybe tax credits Elon Musk Tried to Fix 7 Crises: His Score Tesla Model 3: More Signs of Weak Demand
(DBN)

Government audit rips NHTSA on how it handled Takata recalls
(DBN)

S&P cuts Honor subprime auto bond rating deeper into junk
(DBN)

June auto default rate stays flat
(DBN)

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Entertainment:

Netflix Terminates Contract With The Weinstein Co.
(DBN)

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Celebs:

12 celebrities who have struggled with money
(DBN)

The Financial Follies Of Professional Athletes
(DBN)

Late Teen Idol David Cassidy’s Home Now for Sale
(DBN)

Sean Connery paid accountant in Bond suits
(DBN)

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Transit:

China Bike-Sharing Giant Ofo to Shut Most U.S. Operations
(DBN)

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Nuclear:

South Carolina fights U.S. plan to abandon nuclear project employing 1,800
(DBN)

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Coal:

Coal production from Cloud Peak Energy mines down sharply in recent quarter
(DBN)

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Farming:

Calif. Farms: Sinking Land, Poisoned Waters
(DBN)

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Awards:

TMA Inducts Five Honorees into Industry Hall of Fame
(DBN)

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Education:

Congress Seeks to Fix Our Broken Higher Education System
(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 (14 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (5 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:

BK CD CA: June Filing Holding Steady Again
(DBN)

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Bankruptcy Reform:

New Bankruptcy Rules Proposed for Student Debtors
(DBN)

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Claims Trading:

Buyer Beware in the Bankruptcy Claims Trading Market
(DBN)

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Conflicts:

Lawmaker Questions U.S. Trustee Over McKinsey’s Conflict Disclosures
(DBN)

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Corporate Governance:

High Court Again Denies 'Corwin' Deference Due to Material Omissions Concerning Sale Process
(DBN)

Recent Developments Relating to Corporate Governance
(DBN)

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Plan Confirmation:

Ninth Circuit Reviews Whether Claims Purchased in Good Faith Can Block Chapter 11 Plan
(DBN)

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Healthcare:

Health-Care Coverage Is Increasingly Determined by Where You Live
(DBN)

Half of Americans are struggling to afford health care this year
(DBN)

Doctors, hospitals sue patients who post negative comments, reviews on social media
(DBN)

Trump Targets Home Healthcare Workers
(DBN)

Lawmakers Battle Over Veterans Health Funding
(DBN)

The White House's next move on drug prices
(DBN)

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Travel:

The Most Important Factors for a Comfortable Flight
(DBN)

New York to London in 3½ hours? Boeing wants to bring supersonic travel back
(DBN)

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Radio:

Private-Equity Firm Silver Lake Offers to Invest $500 Million in iHeartMedia
(DBN)

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Turnarounds:

Turnaround Management Association Names Scott Y. Stuart, Esq., as CEO
(DBN)

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Tech:

Judge Chimes in With Early Thoughts in Facebook-Cambridge Analytica MDL Firms Vie For Facebook MDL Lead In Judge's 'Beauty Contest'
(DBN)

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Resorts:

Chinese EB-5 Investors in Unfinished Las Olas Ocean Resort Allege Fraud
(DBN)

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Student Debt:

Taxpayers Didn’t Contract Those Student-Loan Debts
(DBN)

What This Navient Lawsuit Means For Your Student Loans: Q&A Navient says it’s a scapegoat for the credit industry, as lawsuits pour in
(DBN)

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Religion:

Australia has called on the pope to fire an archbishop for covering up child abuse
(DBN)

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Personal Finance:

Here’s What People Pawn Across America
(DBN)

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Cryptocurrencies:

Fed Chairman Powell says cryptocurrencies present big risks to investors Fed's Powell says cryptocurrencies have no intrinsic value
(DBN)

Hedge fund billionaire Griffin knocks bitcoin, says not a single one of his managers has wanted to buy it

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Hotels:

Bankruptcy auction approved for stalled hotel project in Fort Lauderdale
(DBN)

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Pensions:

Lawmakers Warn Of Economic Fallout From Failing Pensions
(DBN)

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UK:

Brexit Planning in a Time of Uncertainty: How In-House Counsel Can Prep
(DBN)

Tenant insolvency: When and how can a landlord draw down on a rent deposit?
(DBN)

Trump's royal faux pas: What POTUS got wrong about his meeting with the queen
(DBN)

Why Europe’s English-Language Boom Is a Bust for the U.K.
(DBN)

The British government is on the brink of imploding over Brexit
(DBN)

The pound 'dived faster than Neymar' after 'terrible' UK retail sales numbers
(DBN)

The suspects who poisoned ex-Russian spy Sergei Skripal have reportedly been identified by police
(DBN)

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EU:

EU unemployment rate falls to near pre-recession low
(DBN)

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Canada:

Road rage: Alberta and roadbuilders feud over $500M deal involving B.C. firm
(DBN)

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India:

Nod for Bill to replace insolvency ordinance
(DBN)

Air India sell-off to be revisited after oil, rupee stabilize
(DBN)

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Australia:

Safe harbour: A realignment of interests
(DBN)

New bankruptcy fact sheet to be issued by creditors
(DBN)

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MENA:

Iran’s Businesses Begin to Buckle Under Sanctions Threat
(DBN)

More turmoil in Iraq as deadly protests ravage oil-rich south
(DBN)

Israel adopts Jewish nation-state law
(DBN)

What Saudi Women Drivers Want: Muscle Cars
(DBN)

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China:

A China Borrower's $11 Billion Debt Pile Comes Crashing Down
(DBN)

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Venezuela:

Seniors block Venezuela streets demanding pension checks
(DBN)

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