July 5, 2018

The Daily Bankruptcy News

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Law:

Raises — But No Bonuses — To Get You In The Celebratory Spirit
(DBN)

There Are Counsel Out There Making Less Than Associates Now
(DBN)

Merger Mania Dominates 2018 In The Legal Industry Law Firm Mergers on Pace for Another Record Year
(DBN)

How Blank Rome Went From Representing Insurers to Suing Them
(DBN)

New Market Forces Exploit Cracks in Big Law’s Armor
(DBN)

Clifford Chance Kicks Off Magic Circle Reporting Season With 5 Percent Revenue Rise, 16 Percent PEP
(DBN)

Law Firms Make a Push to Improve the Associate Experience
(DBN)

Alan Dershowitz Is The Saddest Man In Martha’s Vineyard
(DBN)

Ex-Biglaw Partner Pleads Guilty After 20 Years As A Fugitive
(DBN)

Dismiss Florida Coastal suit, ABA says; case not ‘ripe’ for review
(DBN)

Diary Of A Bar Prepper
(DBN)

D1 Basketball Player Takes It To The Hole On Legal Research As Summer Associate
(DBN)

Pilot of 'Mansfield Rule' Shows Early Diversity Progress at Firms
(DBN)

What 'new law' looks like: six key characteristics of the legal provider of the future
(DBN)

Law School Graduates ‘Fairly Certain’ They’ll Fail The July 2018 Bar Exam
(DBN)

Other Professionals Don’t Understand The Student Loan Situations Of Most Lawyers
(DBN)

The Literary Tradition Of A Biglaw Firm
(DBN)

Cohen Ramps Up Bid for Gag Order on Stormy Lawyer Is Michael Cohen About To Flip On President Trump? Michael Cohen’s Next Move May Be a Sit-Down With Prosecutors Michael Cohen drops Trump attorney label on social media Former federal prosecutor lays out why a presidential pardon for Michael Cohen could actually increase Trump's risk of exposure Prosecutors Don't Trust Cohen Either Way Trump Businesses Get July 5 Deadline to Wrap Up Privilege Review of Cohen Docs
(DBN)

Stormy’s lawyer accused of problems in bankruptcy case Feds say ex-firm of Stormy Daniels’ lawyer owes unpaid taxes Feds: Michael Avenatti made 'misrepresentations' in case of ex-firm owing $440,000 in unpaid taxes U.S. Attorney accuses Trump critic of 'misrepresentations' and 'misconduct' Stormy Daniels lawyer Michael Avenatti teases potential 2020 run against Trump
(DBN)

Senate Intel Committee: Russia Meddled in Election to Boost Trump 3 Allies Hint Trump Knew About Russia Meet Mueller's team to use more Justice Department prosecutors
(DBN)

Texas border town becomes center of immigration fight New Trump Order for Separated Families Parents facing deportation are asked to decide whether children go too Judge orders stop to blanket detention of asylum seekers at 5 locations 35,000 Arrested Illegally Crossing Border Church Puts Jesus, Joseph, Mary in Cages
(DBN)

Trump Orders Flags to Half-Staff for Capital Gazette Victims, in Apparent Reversal
(DBN)

Indiana’s attorney general is accused of groping lawmaker
(DBN)

Texas Lyft Driver Charged with Kidnapping
(DBN)

After Four Years on the Lam, Former In-House Lawyer to Be Extradited to FL
(DBN)

Affirmative Action Era May Not Last
(DBN)

UK: Kevin Spacey Under Investigation
(DBN)

Las Vegas investor arrested near Yellowstone on bankruptcy court contempt order
(DBN)

Woman, 92, kills son to avoid being sent into care home
(DBN)

Killing 21 Co-workers by Poisoning Lunches
(DBN)

Lawyer for Stan Lee associate Keya Morgan denies elder-abuse allegations
(DBN)

How Americans see their country and their democracy
(DBN)

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Judges:

Harvard, Yale, Kansas? Supreme Court May Get Justice From Non-Elite Law School Want to Help Shepherd Trump’s SCOTUS Nominee? Here’s Your Chance The Names Of The Four Supreme Court Finalists Interviewed By President Donald Trump (So Far) The Supreme Court Sweepstakes: The Latest State Of Play — And The Case For Judge Kavanaugh Brett Kavanaugh on Good Judging: 'Don't Be a Jerk' Conservative Lawyer Bopp Urges Trump to Pass on Kavanaugh for SCOTUS Trump reportedly interviewed these four judges for the Supreme Court; is Kethledge a co-contender? As Trump weighs options, Pence meets with court contenders Trump’s Supreme Court search unleashes fierce politicking Facing An Uphill Battle, Activists Race To Oppose Trump's Supreme Court Pick Democrats’ playbook for stopping Trump’s Supreme Court pick Trump Weighs Personal Chemistry, Legal Record in Picking Supreme Court Nominee How Trump’s SCOTUS pick will shift the balance for decades to come Two Judges Exemplify the Choice Trump Faces in a Supreme Court Pick President Trump Talks to Three More Candidates to Fill Justice Kennedy's Supreme Court Seat White House unveils team to shepherd Trump's Supreme Court pick 'It looks all-American': Trump wants the whole package in Supreme Court nominee No, Trump should not abandon his Supreme Court list Trump should nominate Amy Coney Barrett to the Supreme Court to save his presidency Supreme Court nominee short list features candidates President Trump likes for different reasons Aggressive lobbying push as Trump nears choice for Supreme Court pick One of these women could be Trump's Supreme Court pick Trump Boasts His Supreme Court Pick Will Be a 'Home Run' Will Amy Coney Barrett be Trump's Supreme Court pick? Trump Spoke With Senator Mike Lee About Supreme Court Potential nominee profile: Amy Coney Barrett How Amy Barrett Made SCOTUS Shortlist Potential nominee profile: Amul Thapar Trump Winnows Down Supreme Court Picks, Focusing on Three How Trump will make his Supreme Court pick
(DBN)

A clear majority wants the Supreme Court to uphold abortion rights, polls say 45 Years Ago, Roe Started The Era Of Choice — Will This Court End It?
(DBN)

The Funniest Moments Of The Supreme Court Term
(DBN)

The Sharpest Dissents From The Supreme Court Term
(DBN)

Judge steps aside amid allegations of groping, using PD as example of appropriate looks
(DBN)

Inequality at U.S. Supreme Court: Administrative Agencies v. Bankruptcy Courts (Lucia v. SEC)
(DBN)

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Wall Street:

US stocks set for solid gains ahead of Fed minutes release; trade woes simmer
(DBN)

Stocks close at session lows
(DBN)

Rife With Anxiety, Markets Are Churning at the Fastest Rate Since 2008
(DBN)

Financials still look pretty bleak after snapping their worst losing streak on record
(DBN)

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Layoffs:

More than 130 CareerSource Tampa Bay employees to be laid off
(DBN)

Mayline-Safco: 100 layoffs
(DBN)

Jaguar Land Rover Warns on 40,000 Jobs
(DBN)

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Retailing:

US malls haven't been this empty since 2012
(DBN)

U.S. Retail Vacancy Rate Jumps on Toys ‘R’ Us Store Closings
(DBN)

WIS Holding Files Chapter 11 Protection
(DBN)

The curse that sank Toys R Us is now haunting J.Crew
(DBN)

Amazon will reportedly swoop on the demise of Toys R Us by publishing a holiday toy guide
(DBN)

Toys R Us demise a case study in economic unfairness
(DBN)

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Electricity:

Regulators order S. Carolina utility to start cutting rates
(DBN)

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Healthcare:

Private equity keeps states invested in medical billing practices they've banned
(DBN)

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Student Debt:

Is Student Loan Forgiveness Worth It?
(DBN)

Student Loan Debt Causes Fewer Borrowers to Pursue Entrepreneurship
(DBN)

Student Loan Size Does Not Hinder 401(k) Participation
(DBN)

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Economy:

Dick Bove: Trump will eventually clash with the Federal Reserve, turning monetary policy into a political activity
(DBN)

23% of Americans have no emergency savings
(DBN)

Trump tariffs could add $5,000 to price of new cars and trucks in US There's one glaring problem with Trump's newest attack on Harley Davidson 40 Countries Object at WTO to Trump Tariffs US Job Losses From Tariffs Piling Up Trump's WTO threat risks recession, market implosion Take our cheese, please: American cheese makers suffer under new tariffs US pig farmers, asked to be 'good patriots,' brace for new round of pork tariffs from China, Mexico Tariffs kick food, beverage companies that are already down Merkel warns of worldwide financial crisis Trump got a dose of Dutch bluntness from visiting prime minister China said the U.S. will shoot itself in the foot if it pulls the tariff trigger ZTE Replaces Executives in Rush to Comply With U.S. Mandate In Tariff Fight With Trump, China Scraps Plan to Strike First Bad time for a trade war: Signs are global export growth is already slowing US tariffs are an ‘unnecessary test’ to Europe’s economic recovery, top finance chief says US tariffs will hit global supply chains, China commerce ministry warns China says the US is ‘opening fire’ on the world with tariff threats Trump’s right on trade — Europe has been ‘free-riding for too long,’ fund manager says The EU is reportedly considering international talks to cut car tariffs Airbus CEO Tom Enders is worried a global trade war will undermine air travel U.S. offer for ‘zero solution’ to car tariffs drives Europe’s auto makers higher Trump to Harley: Others Can Replace You Made in China: The millennial-loved goods facing Trump’s trade war Trump's War with Corporate America The 10 countries most at risk from a trade war between the US and China What Happens When US-China Tariffs Start? Tariffs May Cut Canada Auto Output by 50%
(DBN)

Trump will tell NATO nations U.S. cannot be the world's piggy bank
(DBN)

NAFTA talks on track: Mexico's future finance minister Mexican Elections Scramble NAFTA Talks
(DBN)

Consumers hit with highest 4th of July gas prices in four years
(DBN)

In this economy, quitters are winning
(DBN)

 

US companies turn to felons, former drug addicts to fill labor shortages
(DBN)

Halfway through a troubling year
(DBN)

Here's how a Great Recession hangover could change the way people retire
(DBN)

Heavy-Duty Truck Factory Backlogs Soar on Surging Orders
(DBN)

Federal debt now equals 78 percent of gross domestic product.
(DBN)

Ten years after Lehman, four big risks
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Bankruptcy Sales: A “Free and Clear” Sale Does Not Necessarily Mean That the Buyer Goes Scot-Free
(DBN)

Home prices make the biggest jump in four years CoreLogic: House Prices up 7.1% Year-over-year in May
(DBN)

Interest rates are dropping, but it's not enough to lure homeowners back into the mortgage market
(DBN)

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

Reis: Mall Vacancy Rate increased in Q2 2018, "Worst quarter in nine years"
(DBN)

The kiss that cost a mortgage CEO $3 million (and his job)
(DBN)

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Municipalities:

Puerto Rico governor rejects budget in challenge to board
(DBN)

Puerto Rico senators deal blow to governor amid budget clash
(DBN)

Rep. Bishop Reminds Puerto Rico Oversight Board to Deal Fairly With Creditors
(DBN)

Mainland public schools’ response to Puerto Rican evacuees
(DBN)

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Oil/Gas:

Second Circuit Affirms Sabine: New Focus on Horizontal Privity Requirement May Affect Oil and Gas Gathering Agreement Terms
(DBN)

Price chaos grips industry as experts warn of imminent 'Oil Shock'
(DBN)

Trump feels the heat on rising gas prices, demands oil cartel do more to 'reduce pricing now'
(DBN)

Morgan Stanley hikes oil price forecast to $85 as Trump targets Iranian barrels
(DBN)

Seadrill CEO sees consolidation speeding up drilling market recovery Impact On Current Shareholders Of Seadrill Exiting Ch.11 Tullow Told To Pay Seadrill $254 Million Over Ghana Dispute SeaDrill Emerges From Bankruptcy, Shares Sink to 52-Week Low
(DBN)

Saudis Ready to Pump More Oil The New Oil Cartel Threatening OPEC
(DBN)

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Celebs:

Will diplomatic immunity win – game, set and match?
(DBN)

Oregon former first lady Cylvia Hayes files for bankruptcy
(DBN)

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Hedge Funds:

'This Is Unbelievable': A Hedge Fund Star Dims, and Investors Flee
(DBN)

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Footwear:

Charlesbank to Buy Bankrupt Rockport for $150 Million
(DBN)

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Festivals:

Two Fyre Festival ticket-buyers win $5 million in damages
(DBN)

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Entertainment:

Lead Attorney In Harvey Weinstein Class Action Speaks Out Over Racism And Fraud Allegations Leveled Against Lantern Capital
(DBN)

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Politics:

Trump Demands No Other Americans Allowed in During Putin Meeting
(DBN)

Behind Trump’s 1930s, every-man-for-himself rhetoric
(DBN)

'Our most fundamental values are under attack': Democrats issue bleak July Fourth statement
(DBN)

The 21st Century has not been the American Century
(DBN)

Walmart takes heat as it removes 'Impeach' Trump shirts
(DBN)

Alexandria Ocasio-Cortez Endorsements Boost Other Left-Wing Democratic Candidates
(DBN)

Abraham Lincoln’s Warning
(DBN)

The Left and the Right Have Abandoned American Exceptionalism
(DBN)

Trump gears up for battle to oust Democrats in states he won
(DBN)

Patriotism sags under Trump as America marks July 4
(DBN)

It’s time for the Republican Congress to impeach the EPA’s Scott Pruitt Utah Oil Drillers Get Pruitt EPA Waivers
(DBN)

Elizabeth Warren heads to Mideast to boost foreign policy credentials
(DBN)

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Pharma:

Didn't Trump Promise Lower Drug Prices?
(DBN)

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Golf:

Aspen Lakes Golf Course files for Chapter 11 bankruptcy
(DBN)

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Trucking:

Roadrunner Loss Widens Amid Financial Probe
(DBN)

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New Bankruptcy Opinions
(7 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (20 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (4 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:

Buffalo: bankruptcy filings drop 10.4 percent in June
(DBN)

HI: Bankruptcy filings increased in June
(DBN)

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Maritime:

Recent Ninth Circuit Decision Elevates Maritime Law Principles over Bankruptcy Law
(DBN)

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Litigation:

The new hot law job: investing in corporate lawsuits
(DBN)

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Banking:

Beyond Common Equity: The Influence of Secondary Capital on Bank Insolvency Risk
(DBN)

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Mediation:

2017 ABA Report on Research of Mediation Techniques — and the Need for Research on Bankruptcy Mediation
(DBN)

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Avoidance Actions:

Hawaii Bankruptcy Appeal Serves as a Reminder on Preferential Transfers
(DBN)

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Fraud:

Former Hunton partner who disappeared 20 years ago pleads guilty to fraud using assumed identity
(DBN)

Companies in Utah solar fraud case filing for bankruptcy
(DBN)

Worley & Obetz’s bankruptcy trustee looks to cut costs, leave more money for creditors
(DBN)

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Travel:

Try these lesser-known ways to earn more airline miles
(DBN)

FAA Won't Regulate Airline Legroom
(DBN)

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Autos:

Plunging Fiat sales leave its American future in doubt
(DBN)

Ex-auto dealer Denny Hecker released from re-entry center
(DBN)

U.S. Light Vehicle Sales increase to 17.5 million annual rate in June
(DBN)

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Education:

McNally Smith's bankruptcy closes major sale, but students and faculty owed money still in limbo
(DBN)

Former DeVry University students sue for fraud in San Antonio federal court
(DBN)

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Fishing:

Lawsuits Seek Millions From HSBC Following China Fishery Probe
(DBN)

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UK:

An Insider's Perspective on Brexit: A Conversation With Sir Paul Jenkins QC Did Bad Boys of Brexit Break America Too? Brexit an ‘unmitigated disaster’, warns top U.K. investment boss Jaguar Issues Warning on Brexit Ahead of Key Meeting 'We will see food rotting at ports': Retail industry issues stark warning to May and Barnier over no deal Brexit
(DBN)

Local councils at risk of bankruptcy due to government 'complacency', MPs warn
(DBN)

Union Unite sues collapsed Carillion on behalf of ex-workers
(DBN)

British regulator investigates KPMG's Conviviality audit
(DBN)

How $17 Billion of High-Risk Financing Undid Britain’s Hospitals
(DBN)

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EU:

Banks’ Rescue Plans Are So Wordy They May Not Work, ECB Says
(DBN)

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PIIGS:

ie: New bankruptcies fell by 10% in 2017
(DBN)

Graph shows how Italy's debt turmoil more worrying than Greece, bankruptcy 'imminent'
(DBN)

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Canada:

Cost of Vancouver Home? 88% of Your Pay
(DBN)

Canadians boycott U.S. products citing Trump’s attacks on Trudeau
(DBN)

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India:

Will the NPA black hole suck in the country's entire banking universe?
(DBN)

Revised Norms for Home Buyers Under Insolvency Proceedings Home buyers on par with other creditors Homebuyers can name rep to decide stressed co’s fate
(DBN)

Corporate insolvency: IBBI specifies timeline for resolution process
(DBN)

India's massive state banks are in trouble. That's great news for some
(DBN)

Conflict of interest in resolution plans may erode IBC credibility
(DBN)

Banks may seek NPA deadline extension
(DBN)

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Vietnam:

New Guidance for Bankruptcy Proceedings in Vietnam
(DBN)

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Croatia:

Creditors approve Agrokor debt settlement deal
(DBN)

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Venezuela:

Fish for flour? Barter is the new currency in collapsing Venezuela
(DBN)

Venezuela: Month's Pay for Half a Burger
(DBN)

Trump: Can I Invade Venezuela
(DBN)

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Germany:

IMF cuts German 2018 economic growth forecast to 2.2 percent
(DBN)

Germany’s massive trade surplus ‘is becoming toxic,’ economist says
(DBN)

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Brazil:

Former Brazil billionaire Batista hit with 30-year sentence
(DBN)

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