June 15, 2018

The Daily Bankruptcy News

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Law:

Another Biglaw Firm Raises Associate Salaries — This Is The Standard To Beat Today’s A Great Day For Some Biglaw Associate Raises Weil, Cleary Match Cravath as Firms Aim for Moving Target on Associate Raises The Second Most Profitable Law Firm In The Country Gets In On The Associate Compensation Game Another New York Firm Matches — This Is What Momentum Looks Like Associates Will Soon Be Making Even More Bank At This Biglaw Firm Legendary Litigator’s Law Firm Raises The Bar For Associate Salaries Kirkland Has Spoken… Can We Now Declare The Salary Wars Over? Several firms follow Cravath after it beats Milbank on associate pay raises and adds bonuses
(DBN)

'Firms don't have enough net cash to pay their next payroll'- what are the warning signs for the top 50?
(DBN)

Elite Biglaw Firms Suck At Client Service
(DBN)

Shining a Light on Law Firm Profitability
(DBN)

The Biglaw Firm With Soaring Profits Per Partner
(DBN)

Culture clash and complacency threaten future of Independent law firms
(DBN)

The ‘think like a lawyer’ approach to law school is outdated
(DBN)

Harassment Claims Among U.K. Lawyers Hit Record After #MeToo
(DBN)

Creighton Law School Seeks to Move Past Conflicts That Consultant Says Created 'Toxic' Atmosphere; Former Associate Dean Decries 'Mad Men' Culture
(DBN)

These Women Want to Solve the Pay Gap. Are They Discriminating?
(DBN)

JP Morgan expels seconded Weil lawyers
(DBN)

A&O refuses to tell parliament its partnership gender pay gap
(DBN)

New York attorney general sues Trump and his children, alleging their charity engaged in 'persistent illegal conduct' NY lawsuit alleges Trump used his foundation’s assets to pay legal obligations, promote hotels Trump vows not to settle New York lawsuit against his foundation Trump Foundation Activities Referred for IRS Scrutiny Trump says Trump Foundation lawsuit is “ridiculous” Donald Trump’s extremely shady charitable foundation, explained Trump Charitable Foundation Was Illegally Used to Support Campaign, Underwood Alleges in Suit NY Suit Against Trump May Open Door To Criminal Charges The Disastrous Legal Implications of the Trump Foundation’s Activities
(DBN)

Michael Cohen's attorneys want a restraining order against Michael Avenatti What Could Michael Cohen Tell Robert Mueller ? Giuliani: Cohen Won't Flip on Trump Michael Cohen believes Trump and his allies are turning on him Feds Investigating If Michael Cohen Engaged in Illegal Lobbying, Report Says Inside Trump’s Turbulent Relationship With Michael Cohen
(DBN)

NY Court of Appeals Denies Trump Stay in Defamation Suit by Ex-'Apprentice' Contestant New York's top court shoots down Trump's bid to stall defamation lawsuit
(DBN)

Justice Department report: FBI agent texted "we'll stop" Trump Watchdog says Comey 'deviated' from procedures in Clinton probe, but had no political bias: Report Watchdog Report Dismantles Trump Claims, but Slams Comey and the FBI Nine Takeaways Top Bombshells in OIG Report on FBI's Handling of Clinton Investigation DOJ: Entire IG Report on Comey and the FBI FBI report: Comey not biased, but emails probe was damaging The long-awaited inspector general report on the FBI, Comey, Clinton, and 2016, explained DOJ watchdog reportedly finds Comey usurped the attorney general's authority during the Clinton probe Was Comey’s Letter to Congress Driven By Fear He’d Be Impeached? Rudy Giuliani discusses his time working with James Comey, says 'he was like a choir boy who turned into a devil' James Comey used Gmail for FBI business numerous times when director: Watchdog Giuliani calls for suspension of Mueller's probe after bombshell DOJ watchdog report IG Report Ruins McCabe Talking Points Republicans Want to Shut Mueller Down Over Report That Isn’t Even About Him Clinton campaign alums blast Comey’s use of private email IG Report: Clinton’s Use Of A Personal Email System Led To The Interception Of Classified Information By Foreign Powers FBI’s Wray moves to repair bureau’s reputation FBI director Christopher Wray knocks down the bureau's biggest partisan critics point by point after blistering watchdog report
(DBN)

Former Trump campaign chief Paul Manafort to ask judge not to jail him Why Mueller Really Wants to Put Manafort in Jail Mueller's Team Gave Up Millions In Pay to Join the Russia Probe
(DBN)

The Second Amendment allows for more gun control than you think
(DBN)

Justice Department backs conservative students who claim universities stifle speech
(DBN)

Migrant in detention says her child was taken away while she breastfed Trump might temporarily house immigrant kids taken from parents in “tent cities” El Paso Site of New Tent City for Migrant Kids Paul Ryan opposes separating families at the border, wants to address it in immigration bill Sarah Sanders uses Bible to defend Trump's separation of families at border Sessions cites Bible to justify U.S. separating kids from parents at the border Inside the former Walmart holding 1,500 immigrant children in Texas Trump Ordered Troops to the Border, But They’re Doing Busywork This Woman Dropped Some Knowledge on Border Patrol Officers Who Boarded Her Bus, and They Walked Right Off House GOP immigration bill includes pathway to citizenship for 'Dreamers' and border wall funds
(DBN)

Court: Law firm accused of having an on-site bar not liable for death of intoxicated paralegal
(DBN)

More than 1 in 10 female physicians gets harassed at work Stallone Being Investigated for Sex Crime
(DBN)

Woman Gets Two Years For Gun In Body Cavity
(DBN)

Man drops meth off at sheriff's office for testing after suffering 'bad reaction,' police say
(DBN)

Paralegal Embezzled $900,000 From Firm and Attorney
(DBN)

Man On Horse Charged With DUI
(DBN)

Bill Cosby fires 7 lawyers, hires 1 lawyer Ahead of His Sentencing, Cosby Makes Huge Changes to Legal Team and Squashes Divorce Rumor
(DBN)

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Judges:

BK CO Seeks Law Clerk (Term)
(DBN)

References Are Pretty Important If You Want To Snag A Clerkship
(DBN)

The Brock Turner Recall: Who Needs Judicial Independence, Anyway?
(DBN)

Supreme Court Justices Continue to Shed Stock Holdings, New Disclosures Show
(DBN)

Ruth Bader Ginsburg, Box-Office Star
(DBN)

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Wall Street:

Dow futures tumble 140 points as trade fight ratchets up
(DBN)

Stocks close mostly higher
(DBN)

Don’t be a bull in the headlights as central banks stop propping up stock markets
(DBN)

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Layoffs:

Ex-Tesla employees reveal the cryptic ways they learned they were getting fired
(DBN)

Major Companies Announcing Layoffs in June
(DBN)

Broadcom lays off 1,100 employees
(DBN)

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Retailing:

Retail Sales increased 0.8% in May
(DBN)

More Toys R Us stores went up for sale. Here's what's moving in Bidding continues for Toys ‘R’ Us locations
(DBN)

Claire's posts sales gains as lenders fight over its future Claire's Stores losses deepen as Chapter 11 restructuring kicks off
(DBN)

PetSmart Downgraded to CCC due to Likelihood of Debt Exchange
(DBN)

J.C. Penney's Turnaround Story Appears Bleak
(DBN)

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Education:

SGU bankruptcy case: July auctions set; campus for sale
(DBN)

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Coal:

Why it will be tough for Trump to bail out coal and nuclear power
(DBN)

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Disasters:

Volcano-stricken Hawaiians could get up to $34,000 each in disaster aid approved by Trump
(DBN)

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Economy:

Weekly Initial Unemployment Claims decrease to 218,000
(DBN)

The Fed has taken the first step toward an early exit from its balance sheet reduction
(DBN)

A fourth Fed hike this year could trigger economic slowdown, strategist warns
(DBN)

Trump's forecast of 4% GDP growth close to coming true as Americans spend tax-bill proceeds Atlanta Fed: Q2 GDP estimate rises to 4.8% from 4.6%
(DBN)

Credit card rates are at an 18-year high -- here's why
(DBN)

Fed Chair: 'We're not waiting for inflation to show up' The Fed Signals a Tiny Tightening
(DBN)

Are you prepared for a pet emergency? Most Americans are not
(DBN)

IMF puts itself at odds with Trump over US growth IMF Sees U.S. Potential Growth at Half the Pace of White House Estimates IMF: Tax cuts boosting US now but will hurt growth later
(DBN)

Americans could pay $2.2 billion more on their credit-card debt after Fed rate hike
(DBN)

Despite record high confidence, Main Street businesses can't find the workers they need With more open jobs than available workers, who will fill the positions?
(DBN)

Americans Now Spend 7% of Income on Gas
(DBN)

Ex-Trump advisor Gary Cohn says trade deficits don't matter, contradicting the president Gary Cohn only delayed inevitable trade war White House expected to unveil tariffs on smaller list of Chinese products Friday There's Something Fishy About Canada-U.S. Trade Wars Canadians boycott US products, cancel vacations to America Tariffs cost more U.S. jobs than immigration NAHB: Lumber tariffs increasing cost of homebuilding U.S. Solar Growth Undeterred By Solar Panel Tariffs Tariff standoff probably won’t cause lasting harm — as long as there’s not an all-out bloodletting Trump OKs around $50 billion in tariffs on Chinese goods China vows to strike back quickly if the US hurts its interests with tariffs US farmers 'nervous,' as China threat of 25 percent tariffs on soybeans could cause pain
(DBN)

Supreme Court hands Trump win in China antitrust case
(DBN)

Society might be more stable if we had more poverty and less inequality
(DBN)

Are the Trump tax cuts causing Americans to splurge?
(DBN)

Retail sales surge to biggest gain in 6 months
(DBN)

Trump, Ryan, and Walker Want to Seize Wisconsin Homes to Build a Foxconn Plant
(DBN)

LA area Port Traffic Increases YoY in May
(DBN)

Corporate Winners and Losers Under the New Tax Law
(DBN)

Study: IQ Scores On Decline For Decades
(DBN)

Shocking number of Americans get busy at work
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

You Need $30 an Hour to Rent in Seattle
(DBN)

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Municipalities:

Muni Lowdown
(DBN)

Puerto Rico missed a huge opportunity to build a more resilient power grid
(DBN)

FEMA Blamed Delays In Puerto Rico On Maria; Agency Records Tell Another Story
(DBN)

Unredacted status report on Puerto Rico debt probe to be filed
(DBN)

Puerto Rico pensioners are facing devastating effects of bankruptcy
(DBN)

Puerto Rico crawls toward full re-electrification
(DBN)

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Oil/Gas:

US energy firms chasing oil price rally stumble on old baggage
(DBN)

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Healthcare:

Seven Thoughts When Considering Troubled Hospital Deals
(DBN)

The US suicide rate has increased 30% since 2000 — and it tripled for young girls
(DBN)

Health Care Costs Will Rise 6 Percent Next Year, PwC Predicts
(DBN)

Krugman: G.O.P. to Americans With Health Problems: Drop Dead
(DBN)

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Celebs:

Boris Becker claims diplomatic immunity to fight bankruptcy proceedings Becker uses African sports role to claim diplomatic immunity from bankruptcy Boris Becker bankruptcy – how much does he owe, why has he been declared bankrupt and what’s his net worth?
(DBN)

How Mike Tyson Bounce Backed From Bankruptcy to Make Millions
(DBN)

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Commodities:

Noble Group plunges to record low as rescue deal is elusive
(DBN)

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Aviation:

Airlines Are Anxious To Raise Your Fares. Here's Why They Can't.
(DBN)

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Paper Products:

Appvion completes sale after eight tumultuous months Appvion sale complete; union approves collective bargaining agreement Appvion completes sale to Franklin Advisers
(DBN)

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Sports Facilities:

Bankruptcy means wake-up call for field of dreams at Cobb-Bartow line
(DBN)

Why Lakepoint sports complex filed for bankruptcy
(DBN)

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Gambling:

Casino Ch. 7 Trustee Wins Bid To Capture CEO’s Assets
(DBN)

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Bankruptcy Crimes:

To avoid prison for bankruptcy fraud, Chicago movie studio mogul went undercover for feds
(DBN)

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Transit:

Elon Musk's high-speed Chicago tunnel proposal makes no sense Is Elon Musk Scamming Chicago?
(DBN)

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Corporate Reform:

CFPB Enforcement Paralyzed
(DBN)

______________

Debt Collection:

Dunning at the Drive-Thru
(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 (11 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (40 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:

Chapter 9 Municipal Bankruptcy Statistics: Use by Number, Type and Year
(DBN)

Savings Plans and Chapter 13 Savings--The Missing Element in Chapter 13 Bankruptcy Cases?
(DBN)

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Student Debt:

New Bill Would Protect Law Licenses of Student Loan Defaulters
(DBN)

Judges Wouldn't Consider Forgiving Crippling Student Loans - Until Now
(DBN)

California Wins $67M in Debt Relief for Defrauded Students Students of defunct Corinthian Colleges to get millions in loan refunds
(DBN)

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IP:

Supreme Court Asked to Decide Fate of Trademarks in Bankruptcy
(DBN)

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TBTF:

Fed Limits Credit Exposure Big Banks Can Have With Each Other
(DBN)

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Marijuana:

Marijuana Business And Access to Bankruptcy – As Weak Competitors are “Weeded Out”, Is Bankruptcy A Viable Option?
(DBN)

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Discharge:

False, But Unwritten Statement About Single Asset Does Not Block Debtor's Discharge
(DBN)

Supreme Court Resolves Circuit Split on the Dischargeability of Debts Obtained by Oral Misrepresentations
(DBN)

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Receivers:

Receiver’s Appointing Order Language Controls Who Can File A Corporate Bankruptcy
(DBN)

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Sales:

Court of Federal Claims Confirms that EPA Was Responsible for “Taking” Steel Making Byproduct Purchased by a Private Party
(DBN)

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Politics:

Conservative leaders finally turn on Scott Pruitt Conservative media's calls for EPA chief Scott Pruitt to step down are getting louder
(DBN)

Report: Trump said Crimea is Russian because people there speak Russian
(DBN)

'Why can't we just do it?': Trump reportedly grew irritated from waiting and wanted to meet Kim Jong Un one day earlier
(DBN)

Corey Stewart makes bizarre claim about Tim Kaine and “Spygate”
(DBN)

Supreme Court strikes down Minnesota’s broad ban on political apparel at polling places
(DBN)

Trump Takes His Party Back to the 1920s
(DBN)

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Personal Finance:

Credit freezes will soon be free for everyone
(DBN)

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Mass Torts:

BorgWarner to restate 2015-2016 results in 2017 10-K due to re-evaluation of accounting for asbestos-related claims
(DBN)

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Farming:

Family dairy farms are staring at extinction
(DBN)

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Travel:

FBI to investigate Discovery Tours following bankruptcy, trip cancellations Where's the money: Discovery Tours breaks silence after first meeting in bankruptcy case Discovery Tours "took every loan imaginable" to stay alive, VP tells bankruptcy court
(DBN)

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Festivals:

Fyre Festival founder is arrested again, accused of selling fake tickets while out on bail
(DBN)

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UK:

More than 100 colleges 'at risk' of insolvency
(DBN)

______________

EU:

As Uncertainty Clouds Economy, Europe Pulls Back on Easy Money
(DBN)

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PIIGS:

Euro zone releases new loan to Greece before debt relief talks Greek parliament approves final bailout reforms Greek bailout exit takes shape
(DBN)

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MENA:

Abraaj seeks court-led restructuring as it battles creditors Abraaj files for provisional liquidation in Caymans Private-Equity Giant Abraaj Files for Liquidation
(DBN)

UAE businessman transferred debt to fund suing Abraaj-sources
(DBN)

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Malaysia:

Malaysia to seek return of 1MDB money from banks, political parties
(DBN)

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Venezuela:

Workers Flee and Thieves Loot Venezuela’s Reeling Oil Giant
(DBN)

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