July 3, 2018

The Daily Bankruptcy News

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Due to the Independence Day holiday, The Daily Bankruptcy News will not publish on Wednesday July 4, 2018



Law:

Boston Biglaw Firm Hands Out Raises And Bonuses For Associates And Select Staff • A Perfect Match For Some… A Kind Of Match For Others… And Nothing For The Rest • Norton Rose, Alston & Bird Vary From Peers On Attorney Pay • At Long Last Biglaw Giant Makes Its Compensation Move • If You’re Angry That Your Firm Hasn’t Raised Yet, Trust That Associates Here Are Even Angrier
(DBN)

Seyfarth Beats Malpractice Suit At Trial, Wins $133K
(DBN)

Biglaw partners have become pretty condescending and snooty
(DBN)

Firm Mergers Near Record Pace at Midyear Point
(DBN)

Salary Inquiry Ban Law: What It Means For Prospective Lateral Partners At Law Firms
(DBN)

The Biglaw Firms Where Lawyers Did The Most Pro Bono Work (2018)
(DBN)

Cloud-based firms take aim at Biglaw by touting massive paydays. Is it real?
(DBN)

The Biglaw Firm With Shrinking Profits Per Partner
(DBN)

From The Career Files: The Cure For Legal Overthinking
(DBN)

What You Write Matters, But So Does When You Write It
(DBN)

The Recipe For Successful Meetings
(DBN)

Alan Dershowitz says he’s been ‘shunned’ on Martha’s Vineyard for defending Trump
(DBN)

Thinking About Doing An Accelerated J.D. Program? Read This.
(DBN)

New Stats On Millennial Attorney Disciplinary Actions
(DBN)

Michael Cohen breaks his silence on ‘Good Morning America’ • Michael Cohen breaks his silence and makes a full split from Trump: 'I put family and country first' • When Asked About Protecting Trump, Michael Cohen Says He Puts His Family First • Trump Lawyer Michael Cohen Hints He May Cooperate With Federal Prosecutors • Will Michael Cohen Join the Ranks of Trump Turncoats? • Michael Cohen just made a move that Michael Flynn made days before sealing a deal with Mueller, and he could be 'preparing the way to flip' on Trump • Fox News smears Michael Cohen after ABC interview: He’s no longer ‘credible’ if he’s willing to ‘go against’ Trump • Michael Cohen isn’t sounding so loyal to Trump anymore • Former federal prosecutor lays out why a presidential pardon for Michael Cohen could actually increase Trump's risk of exposure • Michael Cohen must be making Donald Trump very nervous right about now • Michael Avenatti Says Michael Cohen is ‘Dumb’ and ‘Trying to Play Both Sides’ in ABC Interview with Stephanopoulos • Trump’s ex-lawyer fires what could be a warning shot • Prosecutors Now Have 1.3 Million Michael Cohen Files
(DBN)

Special Counsel Likely Has NRA’s Tax Returns • Legal experts say Mueller team likely gained access to NRA tax filings
(DBN)

Raging Maryland priest boots grieving family out of funeral for chalice mishap — then calls the cops
(DBN)

Woman harassed for years by alleged Capital Gazette shooter says she knew that if he ever carried out a mass shooting, it would target the newspaper • Attacked newspaper says it's received death threats, emails celebrating shooting • Trump rejects Annapolis mayor's request to lower flags to half-staff in honor of Capital Gazette shooting victims
(DBN)

New charges filed against Harvey Weinstein • Harvey Weinstein Faces Maximum Penalty of Life Sentence From New Charges
(DBN)

BigLaw Jumps In To Immigration Fray • Migrant Toddlers Ordered to Court Alone • Federal judge bars mass detention of asylum seekers • The Trump administration has officially replaced family separation with indefinite family detention • “I Just Want to Tell My Son I Love Him” • Trump responds to “Abolish ICE” with false claims America is being overrun by MS-13 • Sessions FactCheck: "Our courts find that 80 percent of those who do file for asylum aren’t qualified for it, do not merit that relief." • The women leading immigration-policy activism • After being separated from daughter at border, mom warns illegal immigrants to "find another country" • Meet Americans Opening Their Homes to Asylum Seekers
(DBN)

FL: Gunfire Breaks Out Between Moving Crew Members While Unloading Family’s Possessions from Truck
(DBN)

An Iranian diplomat was arrested in a plot to blow up a massive 'freedom' event attended by Rudy Giuliani
(DBN)

Court: Yelp Can't be Forced to Remove Reviews
(DBN)

D.B. Cooper: Investigators Claim They’ve Discovered Skyjacker’s Identity
(DBN)

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Judges:

Republican women Collins and Murkowski could determine the fate of Trump's Supreme Court pick • 10 legal experts on the future of Roe v. Wade after Kennedy • Countdown to the Nomination: Who Will Fill Kennedy's Seat? • There won’t be another justice like Anthony Kennedy. So what will there be? • Supreme Court Announcement Scheduled Just Like The World’s Worst Game Show • Donald Trump, Anthony Kennedy and the “boy” at Deutsche Bank: Not just about the money • A pro-Trump group plans to encourage senators from both parties to back the president's SCOTUS pick • Seeking a successor to Justice Kennedy’s complex legacy • Trump names top aides to oversee Supreme Court confirmation process • Trump says he interviewed four potential Supreme Court justices • Trump says his Supreme Court pick will be 'Outstanding' • Countdown to the Nomination: Who Will Fill Kennedy's Seat? • Kavanaugh Allies Muster 'Army' of Lawyers to Back Potential SCOTUS Pick • Potential nominee profile: Judge Thomas Hardiman, a close second to Gorsuch and a shortlister again • As Court Pick, Mike Lee Would Be Tough to Bork • Conservatives groups are going all in to confirm Trump's Supreme Court pick — which could upend the effort to hold the House in 2018 • What Mitch McConnell said about Supreme Court nominations
(DBN)

John Roberts Sees Himself as 'Honest Broker' Among the Justices
(DBN)

Court-packing, Democrats’ nuclear option for the Supreme Court, explained
(DBN)

The volatility of the Supreme Court, explained in a cartoon
(DBN)

Revolutionary Arrangement Will Allow Federal Law Clerk To Take Parental Leave During Clerkship
(DBN)

The Most Talkative Justices Of The Term
(DBN)

Big Business Keeps Winning at the Supreme Court
(DBN)

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Wall Street:

US futures point to a higher open amid elevated trade war anxiety • U.S. stock futures inch higher as traders look past trade tensions
(DBN)

Stocks close higher to start off third quarter, but trade fears cap gains
(DBN)

Companies buying back their own shares is the only thing keeping the stock market afloat right now
(DBN)

America's wealthy are moving to cash as market enthusiasm hits a wall
(DBN)

This oddball indicator may foretell the direction of the stock market through 2018
(DBN)

Stock market returns are going to be weak — for the next 5 years, Jim Paulsen says
(DBN)

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Layoffs:

Struggling smartphone maker HTC plans to lay off about 25% of its staff, slashing 1,500 jobs
(DBN)

Robots are replacing waiters and delivering fresh seafood right to people's tables at high-tech restaurant
(DBN)

Trump's tariffs will lead to job losses, warns General Motors CEO
(DBN)

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Autos:

Tesla second-quarter production totaled 53,339 vehicles, a 55% increase • A shouting Elon Musk and changing rules: Inside Tesla's Model 3 sprint • Tesla will be profitable by September, says Gene Munster
(DBN)

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Turnarounds:

How Agile Teams Can Help Turnarounds Succeed
(DBN)

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Nuclear:

South Carolina utility sues to block nuclear rate reduction
(DBN)

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Corporate Reform:

Reversing a Century of Financial Regulation
(DBN)

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Golf:

Why Won’t Millennials Join Country Clubs?
(DBN)

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Pensions:

100 Largest US Pensions Lose $27.8 Billion in Q1
(DBN)

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Politics:

Madeleine Albright brands Trump 'the most undemocratic president in modern American history'
(DBN)

'Girl from the Bronx' Alexandria Ocasio-Cortez faces questions over her 'working class' background • Here’s a Really Dumb Conservative Meme About Alexandria Ocasio-Cortez • Individual dignity, Alexandra Ocasio-Cortez, and the future of American politics
(DBN)

Wilbur Ross says he shorted two more stocks during his time as Commerce secretary
(DBN)

News media paid Melania Trump thousands for use of photos in 'positive stories only'
(DBN)

Trump Wants North Korea to Denuclearize in a Year • No One Knows What Kim Jong Un Promised Trump
(DBN)

Under Trump, Fewer Americans Are Extremely Proud of the U.S. Than at Any Point Since 9/11: Poll • Gallup: Record-Low 47% Extremely Proud to Be Americans
(DBN)

In Pointed Letters, Trump Demands More Defense Spending From NATO Allies
(DBN)

Report: Pruitt asked aide for help getting his wife $200K salary job
(DBN)

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Economy:

US manufacturing jumps for a second straight month, construction spending rises • Construction Spending increased 0.4% in May • ISM Manufacturing index increased to 60.2 in June, Concern about Tariffs • Factory Activity Heats Up as Manufacturers Position for Tariffs
(DBN)

U.S. inflation hits 6-year high
(DBN)

A Future Burst of Wage Hikes Will Lift Inflation, Economist Predicts
(DBN)

Fed GDPNow Latest forecast: 4.1 percent — July 2, 2018
(DBN)

Companies still aren’t investing — so that may make the expansion linger
(DBN)

Trump FactCheck: "Watch those GDP numbers. We started off at a very low number, and right now we hit a 3.2 (percent). Nobody thought that was possible."
(DBN)

Trump isn't going to change his mind on trade even if the stock market keeps falling: Wilbur Ross • GOP Allies Warn Trump on Trade • Trade Fight Threatens Farm Belt Businesses • Beef producers become trade war casualties • Commerce Secretary Wilbur Ross: It's 'premature' to say whether Trump's threatened EU auto tariffs will come to pass • Trump issues WTO warning in meeting with Dutch leader • Trump Official Dismisses Warnings About Trade Tensions As 'Hiccups' • Europe needs to do 2 things to win the trade war — which would simultaneously damage the US economy and infuriate Trump • Here's what that Mercedes will cost if Trump slaps on tariffs • How Trump’s tariffs and WTO threats fuel China’s Belt and Road Initiative • U.S. Chamber of Commerce makes the case against Trump's tariffs • Dell CEO: US and China face a 'mutual assured destruction' scenario on trade • Automakers are blasting Trump's idea to impose tariffs on imported cars and trucks • Trump states could feel the most pain in the widening trade battle. Here's a look at the impact • New tariffs could threaten $276.9 million in Colorado exports • 401(k)s Could Be a Casualty of Trump’s Trade War • Trump's trade critics are wrong -- His tariffs could bring major benefits to America • Trump's EU trade war costing manufacturers in US and eurozone • Trade War Rhetoric Heats Up • Every US Made Car is an Import • Ford Gets Taste of Trump’s Trade War as Chinese Tariffs Threaten Lincoln • Top 10 cars all see prices rise under Trump tariffs • GM, Ford Stocks Fall On Trump Trade War Fears • We are definitely in a trade war , say experts • What a full out trade war would cost the global economy • The Case for Tariffs is Unraveling • Trump moves to block China Mobile's US entry citing national security • Leaked documents show China's game plan to drive a wedge into Trump's base using tariffs • China issues U.S. travel warning amid trade tensions
(DBN)

Mexican Vote Could Aid NAFTA Talks • Obrador Reaches Out to Trump, Wants NAFTA
(DBN)

Why aren’t most Americans rich? These theories may help explain it
(DBN)

Foxconn's Long Con on Wisconsin
(DBN)

More Problems with Kudlow Deficit Whopper
(DBN)

Businesses lament Trump tariffs, trucking shortage even as ISM manufacturing index hits 4-month high
(DBN)

Here are the 10 worst states to start a new business
(DBN)

Poll: On the 4th, what symbolizes the best (and worst) of America? It depends whom you ask
(DBN)

The Media's Coverage of Retirement Saving Really is Terrible
(DBN)

Watch out for one big economic risk in the second half of 2018, market watcher warns
(DBN)

America's teens aren't working
(DBN)

Billionaire Richard Branson: America should give out free cash to fix income inequality
(DBN)

7 More States Raise Their Gasoline Taxes
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Serious Delinquency Rate on Single Family Home Mortgages, Since 1998
(DBN)

Why does cost of living vary so much? : Housing, housing, housing
(DBN)

Framing Lumber Prices Up Sharply Year-over-year
(DBN)

Falsely declared dead, home stolen and no one will help
(DBN)

Appeals court rejects KPH owner Keith Harenda's effort to halt sale of Hotel Northland
(DBN)

Manhattan real estate has worst second quarter since financial crisis
(DBN)

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Municipalities:

Making Puerto Rico a state by 2021
(DBN)

Puerto Rico debt investigator to file plan for sharing of probe documents
(DBN)

Two Budgets, One Puerto Rico: Fiscal Spat May Be Bound for Court
(DBN)

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Oil/Gas:

Energy Bankruptcy Filings Still Active
(DBN)

Seadrill emerges from Chapter 11 bankruptcy
(DBN)

This Is How Much U.S. Households Lose As Gas Prices Rise
(DBN)

Oil prices pull back on concerns about higher global production • Oil prices rise as supply worries take the spotlight
(DBN)

U.S. Softens Demand That Countries Stop All Iran Oil Imports
(DBN)

The US is pumping out more oil than 12 of 14 OPEC members.
(DBN)

Rig count falls as June swoon continues
(DBN)

Trump criticized for asking Saudi Arabia to raise oil output as if he was 'ordering a coffee’ • Trump’s Oil Tweet Was a Show of Farce
(DBN)

Trade war looms over LNG industry
(DBN)

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Entertainment:

Weinstein Co. staff still coming to work after bankruptcy filing
(DBN)

Producer Says He Was Frozen Out of Weinstein Co. Sale Because of Racism
(DBN)

U.S. box office makes record $3.3 billion in second quarter as sequels pull in crowds
(DBN)

The unlimited movie pass wars are reeling people back into theaters • MoviePass parent seeks $1.2 billion to finance operations
(DBN)

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Student Debt:

Is Student Loan Forgiveness Worth It?
(DBN)

______________

Farming:

8 Tips for Handling Bankruptcy
(DBN)

______________

Telecoms:

Windstream Bondholders Can Reject Uniti's Lease In Bankruptcy
(DBN)

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Newspapers:

Buyers Are Circling Tronc After Split With Flagship L.A. Times
(DBN)

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Bankruptcy Crimes:

Payday-Loan Mogul Indicted for Masterminding Phantom Debt Scheme
(DBN)

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Religion:

PA AG Pushes for Release of Church Abuse Grand Jury Report
(DBN)

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Accounting:

Judge Rules PricewaterhouseCoopers Must Pay $625.3 Million in Damages For Failing To Catch Fraud
(DBN)

Future of Deloitte US CEO in doubt
(DBN)

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Education:

Art Institute of Colorado's future uncertain • The Art Institute of Colorado will soon fade to black • For-profit school operator closing 30 campuses • Art Institute of Charleston halts new enrollments • South University in High Point one of three for-profit colleges to close in NC • Enrollment Halts at Indianapolis Art Institute • Rosslyn’s Art Institute of Washington Set to Close
(DBN)

You Graduated Cum Laude? So Did Everyone Else
(DBN)

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Celebs:

Boris Becker goes red after turning air blue in BBC chat
(DBN)

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Festivals:

Fyre Festival bankruptcy trustee wants McFarland lawyer to stay on the case
(DBN)

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New Bankruptcy Opinions
(8 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (30 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:

Bankruptcy Law League Tables • Bankruptcy Financial Advisers • Bankruptcy Restructuring Advisers • Bankruptcy Claims Agents
(DBN)

Weekly Bankruptcy Claims Trading Activity
(DBN)

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TBTF:

Fed Gave Wall Street Titans Path Around Stress-Test Failure
(DBN)

Fed extends stress test filing deadlines for 14 big banks
(DBN)

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Claims Trading:

Delaware bankruptcy litigants get lost in Article 9’s anti-assignment override provisions
(DBN)

Bankruptcy Court Blocks Claims Trade
(DBN)

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Retailing:

Unique challenges for commercial landlords posed by large-scale retailer bankruptcies
(DBN)

Nordstrom shares drop on analyst downgrade, concern about brick-and-mortar store sales
(DBN)

Here’s the updated list of 78 stores Sears is closing in September
(DBN)

Under pressure, afraid to take bathroom breaks? Inside Amazon’s fast-paced warehouse world • New Era at Amazon's Whole Foods Grates on Some Suppliers, Employees
(DBN)

Whole Foods' Prime discounts let Amazon ask its most important question to customers in person
(DBN)

The Walking Co. Emerges From Bankruptcy With $10M in New Equity
(DBN)

Toys ‘R’ Us Workers Take on Private Equity
(DBN)

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Climate:

Dangerous heat wave won't let up across U.S.
(DBN)

The Human Cost of Climate Change
(DBN)

California's County fire explodes to 60,000 acres as state prepares for 'very dangerous heat wave' • 'Like a scene from the apocalypse': Bay Area residents wake up to wildfire ash, smoke
(DBN)

This US Seaside Community Is Getting Swallowed by the Ocean
(DBN)

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Autos:

Tesla downgraded to sell by CFRA, which predicts Model 3 production rate is not 'sustainable' • Tesla confirms 5,000 Model 3s produced in a week, shoots for 6,000 a week by late August • For Tesla, the Best of Times, the Burst of Times
(DBN)

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Personal Finance:

This is how a janitor, a librarian, or a teacher can amass millions
(DBN)

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Healthcare:

Mallory agrees to $10M settlement with HDL trustee
(DBN)

Bankrupt addiction treatment chain ditches exec bonus plan
(DBN)

Kentucky Starts Slashing Medicaid for 500K
(DBN)

Fresh grounds for coffee: Study shows it may boost longevity
(DBN)

Pfizer hikes 100 Drug Prices
(DBN)

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Fishing:

Bankrupt Pacific Andes, China Fishery sue HSBC for USD 22.6 billion
(DBN)

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IT:

Black Box Mulls Bankruptcy As Cash Scheduled To Run Out
(DBN)

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Tech:

The FBI, FTC and SEC are joining the Justice Department’s inquiries into Facebook’s Cambridge Analytica disclosures • Federal investigations are expanding into Facebook's sharing of user data with political consulting firm Cambridge Analytica
(DBN)

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UK:

Poundworld founder, Deloitte spar over rescue bid • Poundworld founder claims rescue bid ignored
(DBN)

Death of the big shops and the rise of CVAs
(DBN)

50,000 jobs lost or threatened on high street this year
(DBN)

Green's attempt to gag FRC fails
(DBN)

One in Two Welsh Technology Companies at Higher Risk of Insolvency
(DBN)

Former world darts champion Ted Hankey declared bankrupt after failing to qualify for major tournaments
(DBN)

Firms Running Out of Patience on Brexit
(DBN)

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EU:

Merkel averts political collapse with a deal on migration • Merkel OKs Border Camps for Migrants • The End of German Politics as We Know It
(DBN)

European countries are quietly bringing back the draft
(DBN)

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PIIGS:

Greek central bank: crisis not over with bailout exit
(DBN)

Jailed Drumm gets to keep €4.4m pension pot 'protected by Irish law'
(DBN)

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Canada:

How to fight Trump's trade war , Part 2
(DBN)

Warning signs as states revive Depression-era trade tactics
(DBN)

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Australia:

JetGo ‘trading insolvent’ for almost two years before collapse: report
(DBN)

Australia’s new ipso facto regime is now live: Are your contractual rights affected?
(DBN)

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India:

Deutsche Bank Targets India Credit Vacuum Left by Bad Loans
(DBN)

India Wins The GRR Award For The Most Improved Jurisdiction On Insolvency And Bankruptcy Laws.
(DBN)

Farmer suicides continue unabated
(DBN)

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MENA:

Etihad Airways-linked bonds face restructuring amid Abu Dhabi silence
(DBN)

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Norway:

No debt waiver extension for Fred. Olsen Energy
(DBN)

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Malaysia:

Malaysia's former prime minister has been arrested in a corruption investigation
(DBN)

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Venezuela:

Venezuela's inflation hits more than 40,000% as everyone dumps its currency 'like a hot potato'
(DBN)

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