July 9, 2018

The Daily Bankruptcy News

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Law:

Mega Law Firm Finally Steps Up With Summer Bonuses Relieved Associates Finally Get Raises, But No Summer Bonuses Yeehaw! Top Texas Firm Lassos Salary Raises For Associates McGuireWoods Will Do What It Wants… And It Doesn’t WANT To Give Raises
(DBN)

June Brings Uptick in Legal Employment
(DBN)

Motherhood Isn't the Culprit for Big Law's Gender Equity Failures Firm Leadership, Not Motherhood, Fails Women When It Comes To Gender Equity In Biglaw
(DBN)

Litigating While Expecting
(DBN)

Former Duane Morris CMO Sues Insurer for Disability Benefits
(DBN)

Now That Is A GIANT Biglaw Firm
(DBN)

Big 4 Firms Plot Moves Into Global Niche Legal Markets
(DBN)

Watch Your Back, Counselor! It’s the Law Firm Threatdown
(DBN)

Why Young Lawyers Need To Show Enthusiasm
(DBN)

Everything You Need To Know About Fall Recruiting Season (Part I)
(DBN)

Law Librarians Focusing More on Competitive Intelligence
(DBN)

Big Law CMOs Need to Be Like Machiavelli
(DBN)

Shera Bechard just sued Trump donor Elliott Broidy over a scuttled hush money deal
(DBN)

Giuliani steps back in the spotlight to say he wants Cohen to cooperate with prosecutors Michael Avenatti Calls Out Trump’s ‘Stupidity’ on Cohen Former Clinton lawyer, known for his crisis control work, joins Michael Cohen’s defense team Giuliani: Trump's legal team has "zero" concerns about Michael Cohen Rudy Giuliani Says He ‘Debriefed’ Mueller’s Witnesses Michael Cohen: Why Should I be Quiet? Giuliani: Mueller Probe Most Corrupt Ever Baseless Attacks on Robert Mueller Must End
(DBN)

Border Agents Stopping Canadian Fishermen Poll: most Americans oppose Trump’s signature immigration policies The Pentagon Says It’s Not Purging Immigrant Recruits, but Some Evidence Indicates Otherwise Immigrant soldier sues Defense Department for discharging him without explanation Trump administration increases estimated number of children separated under zero tolerance Trump's immigration policies threatens border culture in South Texas More South Texas land owners getting letters on border wall Federal officials order DNA tests to help reunite immigrant parents and children Defense lawyers read Declaration of Independence in front of Texas tent city for immigrant children A 1-year-old boy who was separated from his father had to appear in US court to be reunited with his family The 6-Year-Old Heard on Border Facility Audiotape Is Still Separated From Her Mother, Who Must Parent From 1,000 Miles Away Judge insists timeline be met to reunite children at border
(DBN)

Thousands of Americans May Be Blocked From Getting Passports If They Owe Taxes
(DBN)

California Supreme Court rules indigent litigants are entitled to free court reporters
(DBN)

Avvo’s fixed-cost service to be discontinued by Internet Brands
(DBN)

A half-dozen former wrestlers at Ohio State, where GOP Rep. Jim Jordan once coached, said they were regularly harassed by men in their training facility Jim Jordan and the Ohio State sexual controversy, explained Jim Jordan is accused of turning a blind eye. Now he’s attacking the accusers Thousands of Las Vegas casino workers will get panic buttons to report harassers
(DBN)

A White Man Called Police On A Black Woman Resident Who Was Using A Neighborhood Pool
(DBN)

Police Officer Points Gun At Children Yelling At Him
(DBN)

Murdered for money: Five cases that show how far people will go to cash in
(DBN)

Speeding in These States Will Cost You a Fortune
(DBN)

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Judges:

How Conservatives Won the Battle Over the Courts
(DBN)

Justices' Elite Experiences Make Roberts Court 'Relative Outlier'
(DBN)

How Trump's SCOTUS Nominee Could Change Big Law Business
(DBN)

Trump adviser says two Supreme Court candidates are a tougher sell to conservatives
(DBN)

The Search For A Supreme Court Nominee: Judge Thomas Hardiman Makes The Final Four
(DBN)

Potential nominee profile: Raymond Kethledge
(DBN)

I Really Don’t Care If Your Preferred SCOTUS Nominee Is ‘Nice’
(DBN)

Trump still pondering Supreme Court pick as big reveal nears
(DBN)

Will Trump’s Supreme Court Pick Uphold the 14th Amendment?
(DBN)

Will Amy Coney Barrett Separate Legal Duty and Faith?
(DBN)

Justice Sotomayor is showing her liberal peers on SCOTUS how to be a potent minority voice
(DBN)

Democrats are tying Trump's Supreme Court pick to the special counsel's Russia probe. Here's why
(DBN)

How likely it is that Trump's Supreme Court pick will be his lackey
(DBN)

U.S. Courts Look-a-Like Domain Used in Ransomware Phishing Campaign
(DBN)

John Ninfo: The origins of banking, and more
(DBN)

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Wall Street:

Dow set for a triple-digit jump at the open, as trade turmoil takes a breather Dow futures up 100 points as stocks get ready to build on last week’s gains
(DBN)

Stocks rise as Wall Street cheers jobs report, shrugs off trade fears
(DBN)

Stock Buybacks Are Booming, but Share Prices Aren’t Budging
(DBN)

Washington’s ‘political climate’ seen as the biggest risk to stocks, survey says
(DBN)

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Layoffs:

Boise sees biggest mass layoff since 2014, as call center lays off 640
(DBN)

C&S Laying off 328 Employees in Orlando
(DBN)

400 Layoffs at Sierra Nevada Corporation's Hagerstown Branch
(DBN)

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Politics:

North Korea blasts 'regrettable' US attitude and 'gangster-like' demands after talks with Mike Pompeo North Korea's harsh tone suggests old regime 'alive and well' and won't go without a fight Pompeo brushes off North Korean 'gangster' claim, pursues more talks Trump's NKorea Policy Just Collapsed North Korean Denuclearization Talks Uncertain After Pompeo Visit Coons: North Korea summit "not much more than a reality TV handshake" Pompeo to NKorea: Follow Vietnam's Path
(DBN)

Trump Can't Reverse the Decline of White Christian America
(DBN)

McConnell Targeted By Protesters At Restaurant McConnell Praises Wife Chao Standing Up to Protesters
(DBN)

California Prosecutor Wonders Why 'Ghetto' Maxine Waters Hasn't Been Shot
(DBN)

US Foreign Policy Moves Starting to Backfire
(DBN)

Scott Pruitt Is Devastated That White House Forced Him to Resign EPA Post, Sources Say Scott Pruitt gave “super polluting” trucks a gift on his last day at the EPA Why Scott Pruitt lasted so long at the EPA, and what finally did him in EPA rollbacks already touching Americans’ lives Inside the EPA: Scott Pruitt's Bunker Months
(DBN)

Banker Gave Manafort Loans, Got Trump Job
(DBN)

Trump Mocked McCain and Bush I at Rally
(DBN)

Trump will lose this $48,000 tax break in New York by living in the White House: Report
(DBN)

Trump at Montana rally: "Democrats want anarchy"
(DBN)

How the Texas Democratic and Republican party platforms compare
(DBN)

NATO Prepares for Trumper Tantrum
(DBN)

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Autos:

A "pile-up of epic proportions" awaits auto industry
(DBN)

Nissan says emissions and fuel economy tests were falsified
(DBN)

GM Lordstown: Fight on, but think the unthinkable
(DBN)

Tesla's Mounting Problems Were Avoidable
(DBN)

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Turnarounds:

Jacques H. Belét III, CTP: Horsing Around
(DBN)

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Media:

Gawker Domain & Archive Is Finally Up For Auction. Who Might Win, and Why?
(DBN)

Univision Is Considering Sale of Ex-Gawker Websites
(DBN)

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Parking:

Uber and Lyft are forcing parking companies to adapt or die
(DBN)

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Tax:

Debtor’s Passport Can Be Revoked/Not Renewed If They Owe $51k+ Taxes to IRS
(DBN)

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Food/Beverage:

Cleanup in 11: Central Grocers Inc. and the SVT Grocery Chain
(DBN)

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Veterans:

What Do Veterans' Bankruptcies Have To Do With Business Distress?
(DBN)

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Awards:

Delaware expert Ted Gavin named president of American Bankruptcy Institute
(DBN)

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Pharma:

Where the national opioids lawsuit could be headed
(DBN)

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Economy:

Fed on lookout for recession but still sees strong economy: minutes Is a flattening yield curve a sign of a coming recession? Replace Yield Curve as a Recession Predictor? The Fed Considers an Alternative The Probability Of A U.S. Recession - July 2018 How a trade war could turn into a recession
(DBN)

Why Are U.S. Bond Yields So High?
(DBN)

Q2 GDP Forecasts Fed GDPNow latest forecast: 3.8 percent — July 6, 2018
(DBN)

The Fed Is Usually Off-Limits to the President. Is Trump Changing That?
(DBN)

Public and Private Sector Payroll Jobs During Presidential Terms
(DBN)

Trump versus the world: A look at America’s trade disputes Why Donald Trump’s Trade War Will Fail The State of America's Trade Wars How U.S. and China Tariffs Are Rippling Through U.S. Industries Krugman: How to Lose a Trade War There's a mountain of evidence that Trump's trade fights will be most harmful to the people who voted for him Trade war could undermine Trump's strength Whiskey wars: Trade tariffs hit hard in Trump country Local industries react to Trump's trade war China trade war with U.S.: The first casualties Washington should beware the wrath of China's consumer — just ask Hyundai and Toyota Ford's Sales in China Collapse Does it matter if a Harley is "Made in America"? Trade war could impact retailers’ holiday plans China's Retaliatory Tariffs Hit Small Recycling Business The Steelworkers Argument For Tariffs China and Russia hit back at Trump tariffs What The Tit-For-Tat Tariffs Could Mean For The 2 Largest Economies Why Trump’s Trade War Could Mean Paying More for Clothes 'Tsunami-like' downturn: Auto tariffs could raise vehicle prices in Canada by $9,000 The US-China trade war, explained in under 500 words Where investors should hide out during a trade war No longer just ‘noise’: ongoing trade uncertainty saps investor confidence Can the US-China trade war be stopped? 11 experts weigh in China Cancels US Soybean Purchases Tariffs And The Soybean Business As U.S.-China trade war enters first week, American auto and beef exports emerge as early victims Wisconsin cheese industry braces for impact of unwanted ingredient: tariffs There are reports China is delaying US imports from entering the country An iconic American music company is warning customers that it may move out of the US because of Trump's tariffs China accuses US of launching the 'largest trade war in history'; hits back with tariffs 5G Key to US-China Trade War Trade War? China Makes $8.46 per iPhone Here's where we are in the trade war – and what it means If you use batteries or refrigerators or eat at Chick-fil-A, you could eventually feel the pain of Trump's tariffs on China Founder of world’s largest hedge fund says ‘first day of the war’ with China has begun Is 'Trade War' Accurate? France: 'War Has Already Started' With U.S. Over Trade Here's How a Trade War Between the U.S. and China Could Get Ugly Is President Trump already winning the trade war? China vows to strike back in the 'largest trade war in economic history' The 10 countries most at risk from a trade war between the US and China Tariff Reactions On The Northern Border
(DBN)

Trade Deficit decreased to $43.1 Billion in May
(DBN)

The US is facing soaring trade deficits, but rising energy prices are a bigger danger
(DBN)

Trump's economic gamble: Solid job gains vs. risky trade war
(DBN)

JPMorgan Maps Out Currencies to Buy If Recession Is Coming
(DBN)

US unemployment rate jumps even though employers add more jobs than expected U.S. Added 213,000 Jobs In June Labor force participation leads to big jump in unemployment rate The Unemployment Rate Rose for the Best Possible Reason Workforce participation ticks up but still low Jobs, Wages and the Participation Rate: Fed Full Speed Ahead The unemployment rate rose for a good reason — 601,000 workers searching for jobs Comments on June Employment Report
(DBN)

Weak job and wage growth weigh on these Trump states
(DBN)

How Asia could save manufacturing jobs in Ohio
(DBN)

Robots may have given Trump an edge in 2016
(DBN)

Want to know where the economy is headed? Look at Des Moines.
(DBN)

Mar-a-Lago files request to hire 61 foreign temporary workers
(DBN)

Here's what the typical American worker earns at every age
(DBN)

Where Financial Inequality Is Rampant This chart shows the share of wealth held by the richest 10% of households.
(DBN)

Gallup: Americans, In Theory, Think Larger Families Are Ideal
(DBN)

Cheap food and hunger: Here's the impact of a local Walmart
(DBN)

AAR: Rail Carloads Up 2.0% YoY, Intermodal Up 6.3% YoY
(DBN)

10 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:

San Francisco house prices explode in the first half of 2018 as tech boom shows no signs of slowing
(DBN)

Soaring New York City rents are causing fast-food chains to close stores
(DBN)

Commercial Construction Surges as Demand Counters Higher Labor, Materials Costs
(DBN)

Las Vegas Real Estate in June: Sales Down 4% YoY, Inventory down 11%
(DBN)

Housing rents hit record-high average of $1,405
(DBN)

Bankruptcy stalls controversial Flying Cow Ranch project in Wellington
(DBN)

Fannie Mae, Freddie Mac privatization would affect many real estate portfolios
(DBN)

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Municipalities:

Bishop: Fiscal Board Rushed Puerto Rico to Bankruptcy
(DBN)

S&P withdraws various Puerto Rico gov't agency ratings
(DBN)

Parties that provided Puerto Rico debt probe documents may object to disclosure
(DBN)

Puerto Rican mayor, two other gov officials arrested on corruption charges
(DBN)

Rauner warns teacher wage hike could ' bankrupt ' school districts
(DBN)

A PR firestorm around Quicken Loans founder Dan Gilbert's $5.5 billion Detroit project shows that money isn't the biggest challenge he faces in revitalizing the city
(DBN)

Connecticut imposes a ‘debt brake’
(DBN)

2 cities share name, but 1 is in big trouble
(DBN)

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Oil/Gas:

Trump keeps lashing out about rising oil prices — but he could be partly causing them
(DBN)

Goldman : The trade war won't stop oil prices from rising
(DBN)

Fredriksen Is Back in Rigs After $5 Billion Vanished in Seadrill
(DBN)

Rex Energy says settlement clears way for Ch. 11 plan or sale
(DBN)

Rig counts rise by 5 in U.S.
(DBN)

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Auto Racing:

Why Americans have fallen out of love with NASCAR
(DBN)

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Climate:

Global warming could be far worse than predicted, new study suggests
(DBN)

The natural gas industry is leaking way more methane than we thought
(DBN)

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Autos:

Model 3 Buyers Feel Tesla's Quest for Profit
(DBN)

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Engineered Defaults:

How Regulators Averted a Debacle in Credit-Default Swaps
(DBN)

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Maritime:

Dire freight rates are pushing shipowners to scrap a record number of the biggest oil tankers this year
(DBN)

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Celebs:

Michael Jackson’s father Joe had 2.2million ‘stashed away from his famous family', creditors
(DBN)

Very Broke! Kristin Cavallari’s Dad’s $10 Million Bankruptcy Case Exposed
(DBN)

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Entertainment:

Litigants Against Weinstein Company Okay Company Purchase Agreement Weinstein Co. Reaches Deal With Unsecured Creditors Deal for Weinstein Co. covers back pay for De Niro, Streep Weinstein Co sales price increased by $2 mln in push to close deal
(DBN)

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Non-Profits:

Pittsburgh YMCA wants bankruptcy dismissed With deal in place to pay landlord, YMCA seeks to dismiss bankruptcy case
(DBN)

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Education:

Struggling for-profit school operator was generous to top executives
(DBN)

St. Gregory's University auction includes historic books, documents
(DBN)

SEC settles lawsuit against for-profit college executives
(DBN)

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Nuclear:

South Carolina bought 'two nuclear reactors, in parts.' Now what?
(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 (54 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (11 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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Leases:

Bankruptcy Court Holds That Termination of Lease Does Not Equal Termination of Estate Property
(DBN)

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Receivers:

Entity Receiverships and the Dangerous Federal Priority Statute
(DBN)

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Discharge:

Is Fraud under California Law the Same as Fraud under 523(a)(2)? Yes says Judge Maureen Tighe.
(DBN)

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Miscellaneous:

Links for Restructuring Professionals to Key Cases, Articles, and News Briefs for June 1-7, 2018
(DBN)

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Bankruptcy Rules:

Why Non-Individuals Do Not Have To Turn Over Tax Returns Prior to 341
(DBN)

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Bankruptcy Alternatives:

Bankruptcy Alternatives
(DBN)

The 1, 2, 3s of ABCs
(DBN)

Receiverships: An Often Overlooked Tool for Resolving Complex Disputes
(DBN)

Article 9 Sales Offer Alternative to Judicial Processes
(DBN)

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Healthcare:

Trump administration takes another swipe at 'Obamacare' Trump Administration Halts Billions In Payments Expected by Health Insurers Insurers predict 'market disruption' after Trump suspends Obamacare risk payments Trump administration freezes billions in Obamacare payments, outraging advocates
(DBN)

US Opposition to Breast-feeding Resolution Stuns WHO Officials America Threatens Ecuador Over Breast-feeding Resolution
(DBN)

Troublesome News: Numbers Of Uninsured On The Rise
(DBN)

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Corporate Reform:

Mick Mulvaney turned the CFPB from a forceful consumer watchdog into a do-nothing government cog Mulvaney's challenger for CFPB leadership resigns
(DBN)

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Aviation:

Pricier Fuel to Test Airline Profits
(DBN)

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Transit:

We Need to Talk About F------ on the Subway
(DBN)

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Personal Finance:

Rich people tend to view money the same way, no matter how old they are — with one big exception
(DBN)

Researchers find that owning an iPhone or iPad is the number-one way to guess if you’re rich or not
(DBN)

Kevin O'Leary flies first class, but makes his kids fly coach — here's why
(DBN)

The Underground Gourmet’s Best New Cheap Eats in New York
(DBN)

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Retailing:

Retail industry loses jobs in June
(DBN)

Lawmakers Question KKR, Bain Capital Over Toys ‘R’ Us Failure
(DBN)

RILA: Global trade war has begun
(DBN)

Where to buy your toys now that Toys ‘R’ Us is gone
(DBN)

When anchors leave, new mall rules forcing little guys to stay Mall tenants had an out when giants like Macy's left. Now landlords bar the door
(DBN)

Brick-And-Mortar Retail Isn't Dead: Just Look At Who's Moving Into Toys 'R' Us's Empty Stores
(DBN)

Fighting Wall Street after Toys ‘R’ Us
(DBN)

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Coal:

For Young Workers In Central Appalachia Job Options Are Slim
(DBN)

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Travel:

FAA To Passengers: Not Our Job To Regulate Seat Size, Legroom On Planes
(DBN)

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Paper Products:

Appvion employees grapple with losing $40 million in retirement funds
(DBN)

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Pageants:

The War Behind the Scenes of Miss America Is Getting Ugly
(DBN)

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Student Debt:

Making extra payments on your student loans can be a high-wire act
(DBN)

Student Loan Debt, Starting Families and the Wage Gap: How Women Differ Statistically
(DBN)

CFPB releases new report on payment habits of student loan borrowers
(DBN)

Employers target student loan debt to boost retirement
(DBN)

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Accounting:

One disaster can shrink Big Four accountants to three
(DBN)

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UK:

Airbus CEO: UK Has No Clue on Brexit Terms Brexit Secretary David Davis Resigns Theresa May Faces Crisis on Ministers Quitting The UK’s Brexit secretary just walked away from the job. Here’s what that means
(DBN)

Church of England may be forced to sell cathedrals to cover debts
(DBN)

Investors circling Gaucho UK restaurant chain
(DBN)

Mothercare to close more stores than planned leaving 900 retail jobs hanging in the balance Mothercare puts Childrens World into administration UK's Mothercare seeks survival with 32.5 million pound equity raise
(DBN)

Taxman sends Carillion civils firm under
(DBN)

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EU:

Why Europe Could Melt Down Over a Simple Question of Borders
(DBN)

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PIIGS:

Why Spain’s New Government Has an Old Bank Problem
(DBN)

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China:

The trade war has taken a toll on US stocks. Here's why it's even worse in China
(DBN)

State asset manager sets up special fund for bankrupt firms
(DBN)

U.S.- China Trade War Muddles China’s Battle To Curb Debt
(DBN)

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France:

The Long French Goodbye
(DBN)

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India:

Why haircuts matter in dealing with bad loans
(DBN)

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Cyprus:

Tougher insolvency & NPL laws
(DBN)

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MENA:

Iraq Continues to be a Deeply Corrupt Country
(DBN)

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Australia:

Towards More Effective Restructuring: Changes To The Corporations Act | Invalidity Of Ipso Facto Clauses
(DBN)

Australia’s New Ipso Facto Regime Is Now Live: Are Your Contractual Rights Affected?
(DBN)

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