June 27, 2018

The Daily Bankruptcy News

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Law:

Look Who Decided To Join The Elite Biglaw Associate Compensation Scale Firm Comes Over The Top Of Market ‘Cravath’ Compensation Scale Magic Circle Firm Gets On Board With The New Associate Compensation Scale Biglaw Firm Raises Salaries And Has A Surprising Message About Increasing Productivity Early Salary Adopter Amends Memo To Provide Associates With Cravath Money, Summer Bonuses But Will Associates In The Mutara Nebula Get A Cut Of These Raises? Latest Raise: This Little Associate Gets More, This Little Associate Gets Less, And This Little Associate Gets Just Market BigLaw Salary Bumps Exacerbate Public-Interest Pay Gap Elite Firm Destroys The Going Market Rate — First-Year Associates Pull Down $210,000 In Base Compensation New York IP Boutique Rockets Past Cravath With $210K Starting Pay
(DBN)

5 Strategies For Intentional Relationship Building — The Social Way To Succeed
(DBN)

The Biglaw Rich Keep Getting Richer
(DBN)

The long aversion to leveraging capital in law is changing fast
(DBN)

Law Firm Panels, Part I: Are They Designed to Fail?
(DBN)

To Bring Big Law Into the Future, Professionalize Legal Ops
(DBN)

Ashurst PEP climbs 10% to just under £750k as revenue edges up 4% Firm's PEP hits £743k as revenue increases to reach £564m
(DBN)

Female Attorneys Harassed at Big and Small Firms, Survey Shows
(DBN)

Big Legal Malpractice Claim Payouts Up As Volume Stays Flat
(DBN)

Study: Female CCOs Earn Only 65 Percent of What Male Counterparts Make
(DBN)

A Better Way to Pitch for Business
(DBN)

Judge in $3 billion case cuts class lawyers’ fees by $100 million
(DBN)

Shuttered Sedgwick Facing Default Judgment in Landlord Dispute
(DBN)

A Breakdown Of California Bar Exam Results By Law School (February 2018)
(DBN)

Law Firm Not Liable For 'Negligent Referral'
(DBN)

ABA Gives An Inch In Accreditation Fight With Florida Coastal Law
(DBN)

Vermont Law School Cuts More Than A Dozen Tenured Faculty
(DBN)

The new version of iOS is the strongest sign yet that Apple finally believes 'the customer is always right'
(DBN)

What Does AI Mean For Ethics And Diversity?
(DBN)

Montgomery McCracken Fights Back Against $619M Malpractice Claim
(DBN)

US Supreme Court Rejects Challenge to Trump's Travel Ban Here's what's in Trump's controversial travel ban that the Supreme Court upheld Trump: SCOTUS Vindicated My Position The Supreme Court Rises Above Sotomayor condemns Trump’s “unrelenting attack on the Muslim religion” Opinion analysis: Divided court upholds Trump travel ban Sotomayor, in Dissent, Takes On Trump Travel Ban Tweets Trump’s Travel Ban at the Supreme Court: Deference Joined by Nudges Toward Civility The Supreme Court Travel Ban Ruling: A Summary The Travel Ban Ruling in One Sentence How the Supreme Court Used 'Protecting Families' to Justify the Travel Ban Supreme Court says decision allowing Japanese-American internment was ‘wrong’ One Really Good Thing in the Supreme Court’s Travel-Ban Ruling: Korematsu Is Gone Why was Korematsu wrong? The Long Overdue Death of Korematsu v. United States
(DBN)

Judge orders Trump to reunite migrant families within 30 days Leaders from 34 BigLaw firms call for an ‘army of lawyers’ to help immigrants and make a pledge The Trump administration won't reunite migrant children unless their parents get asylum or agree to be deported Adults with children who cross the border illegally will not be sent for prosecution, official says Here's why you can't deport immigrants 'with no Judges or Court Cases' like Trump wants 17 states sue Trump administration over family separations That Time an Obama DOJ Official Said 3-Year-Old Immigrants Could Represent Themselves in Court Pence to Central Americans: "If you can't come legally, don't come at all" The Border Crisis Started 100 Years Ago Sessions rails against "radicalized" critics of his zero-tolerance policy L.A. visit by U.S. Atty. Gen. Jeff Sessions sparks downtown protest, arrests LA Clergy Arrested in Immigration Protest More than 2,000 separated migrant kids are still with HHS How a photo of rosaries taken from migrants at the US border became a viral symbol Today's Migrant Flow Is Different On both sides of Atlantic, migrants meet hostile reception A distraught immigrant boy nearly jumped out a window after being separated from his family, lawsuit says Nine Days of Agony
(DBN)

Michael Avenatti: There's much more coming from my whistleblowers on the border
(DBN)

Parkland Guard Who Allegedly Harassed Victim and First Spotted the Shooter Is Out of a Job
(DBN)

Law School Professor Has New Murder Mystery About Genius, Influential Law Professor Who Is Suspiciously Just Like Him
(DBN)

#MeToo Has Implicated 414 High-Profile Executives and Employees in 18 Months
(DBN)

Top UK law firms rethink stance on relationships at work post #MeToo
(DBN)

A federal judge who Trump praised just denied Paul Manafort's motion to dismiss Mueller's charges against him Nothing is going right for Paul Manafort lately Manafort Charges Survive Bid for Dismissal in Virginia Mueller May Have an October Surprise
(DBN)

Teens Laugh, Video Drowning Man
(DBN)

Cops: Woman Forced S-- At Machete-Point
(DBN)

Lawyers consider restraining orders to stop abusers from using smart home devices to harass
(DBN)

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Judges:

Law School Bestows Fun Honor On Ruth Bader Ginsburg And Sandra Day O’Connor
(DBN)

Sotomayor Mad at SCOTUS Double Standard
(DBN)

Mitch McConnell’s stunning Supreme Court success In Hindsight, Democrats Really Mishandled That Merrick Garland Thing
(DBN)

Did Justice Anthony Kennedy Just Signal His Retirement?
(DBN)

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Wall Street:

Dow futures slide 140 points as fears of a full-scale trade war grow US futures drop ahead of the open, as trade, oil tensions ratchet up another gear
(DBN)

Stocks close higher after Monday's big loss but confusion about trade policies lingers
(DBN)

Forget the tariff tantrum—S&P 500 is headed 10% higher in 2018, says Blackstone’s Wien
(DBN)

Wall Street Bracing for Trump Economics
(DBN)

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Layoffs:

Facebook abandons its plans to build giant drones and lays off staff
(DBN)

Bill Ackman makes more layoffs at his Pershing Square hedge fund
(DBN)

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Accounting:

KPMG turned to Palantir to help predict which audits would be inspected
(DBN)

Number of Restatements Continues to Decline
(DBN)

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Student Debt:

What You Should Know About Taxes And Student Loan Repayment
(DBN)

Surprise! Student Loan Forgiveness Isn't Free
(DBN)

Some Judges Push to Ease Bankruptcy Rules for Student Loan Debt
(DBN)

To Draw Workers, Employers Offer to Help With Student Loans
(DBN)

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Soccer:

Will Amazon Flood the Premier League with Cash?
(DBN)

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Advisers:

Anthony Facciano Joins Bankruptcy Management Solutions (BMS) as Director
(DBN)

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Retailing:

The death of the American middle class has brought department stores down with it
(DBN)

Toys R Us built a kingdom and the world's biggest toy store. On Friday, its stores close for good.
(DBN)

Scenes from a dying Toys R Us: What the chain's bankruptcy taught me about middle age
(DBN)

Inside the 20-year decline of Toys R Us
(DBN)

Setback for Toys "R" Us landlord as judge keeps lease deal on track
(DBN)

Your Amazon Prime membership now scores you discounts at every Whole Foods store nationwide
(DBN)

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Coal:

Power plant emissions fall as producers shift from coal
(DBN)

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Economy:

Consumer confidence falls in June despite expectations for gains
(DBN)

Trump tax cuts carry a big price tag: Huge debt and risk of another financial crisis, CBO says
(DBN)

As Predicted; Corporations Used Tax Break to Buy Back Stock
(DBN)

The Mother of All Credit Bubbles is Building
(DBN)

Americans are more stressed about money than work or relationships—here's why
(DBN)

US Heads Toward Record Breaking Debt CBO Warns on Interest Costs for Deficit This is when U.S. interest payments are projected to match Social Security spending CBO Releases 2018 Long Term Budget Outlook
(DBN)

The Trump administration's moves hit Harley-Davidson with a 'triple whammy' that made them decide to shift production outside the US Trump ignored pleas from Harley-Davidson workers to save their jobs Harley-Davidson may be out of options other than moving some production overseas: Analyst Trump threatens Harley-Davidson with a 'big tax' if it moves out of the US Trump to Praise Foxconn, Bash Harley Harley-Davidson isn’t riding off to Europe simply because of the Trump tariffs Trump threatens Harley-Davidson: If it moves overseas 'they will be taxed like never before!' Trump held Harley up as an American icon. Now it’s an American icon that is moving jobs overseas Trump Threatens Harley-Davidson with Huge Taxes, Predicts Demise A few GOP senators fight an uphill battle to check Trump on tariffs Corker Restarts Tariff Battle with Trump Market whiplash over Trump trade policy: 'They're making this up as they go along' Canada to impose steel tariffs and quotas on China, others in response to Trump trade war: Report Trump's original sin on trade Retaliation for Trump tariffs will send many US business operations overseas: Ex- US ambassador Steel tariffs hit largest US nail manufacturer Exxon, Chevron CEOs warn Trump tariffs hurting oil sector US Tariffs Funnel Asian Steel to Canada Trump Finishing Study on EU Car Tariffs Trump is about to escalate his trade war with China Trump hints he’ll back off tough new curbs on Chinese investment in tech Global markets are finally getting spooked by Trump's trade war Despite Beijing's threats, some American goods 'appear inevitable' for China The US-China trade spat isn't endangering the global system, says former WTO rep Could the mounting trade war trigger a global recession? Auto Tariffs Lead to Carmaggedon US Automakers Say No to Trump's Tariffs Carmakers: Tariffs to Cost Consumers $45Bn
(DBN)

Perry defends Trump on NAFTA, says president's negotiating style "different" from other presidents
(DBN)

Kudlow moves to restock White House economic team
(DBN)

Top Economic Official Leaving White House
(DBN)

This map shows where Americans have the highest, and lowest, credit scores
(DBN)

The new GOP tax “postcard” is double-sided and requires 6 supplementary worksheets
(DBN)

Larry Summers on Trump Economic Policies
(DBN)

America’s racial future is California’s present
(DBN)

Most Americans’ Wages Have Actually Declined Over the Past Year
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Case-Shiller: National House Price Index increased 6.4% year-over-year in April
(DBN)

Freddie Mac: Mortgage Serious Delinquency Rate Decreased in May
(DBN)

Housing prices are rising in the US — but home-buying power isn't slowing down
(DBN)

Remodeling your home? Here's why it will cost you more
(DBN)

CBC: Canadian lumber producers tell U.S. consumers 'You can take your tariffs back, eh!'
(DBN)

Administration Has Fair Housing in Sights
(DBN)

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Municipalities:

Puerto Rico’s May revenues come in 32% above projections
(DBN)

Puerto Rico's Financial Storm, Part One
(DBN)

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Oil/Gas:

New Chapter 22 Filing - Geokinetics Inc.
(DBN)

Oil rises on supply losses, US push to isolate Iran An outage in Canada is raising the risk of a global oil shortage Oil surges as global supply risks outweigh Saudi production rise Oil Jumps As Trump Asks Allies To Cut Off Iranian Oil
(DBN)

Energy Sec Rick Perry says 'stubborn opposition' to fossil fuels risks keeping billions in poverty
(DBN)

America’s natural-gas boom drives down prices
(DBN)

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Food/Beverage:

Fast-food chains are mysteriously closing, and Chick-fil-A is the latest to get hit
(DBN)

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Electricity:

Wary of Bankruptcy, PG&E Seeks Protection from Wildfire Costs
(DBN)

Mike Florio urges policymakers to avoid pushing utilities into bankruptcy
(DBN)

Sen. Davis: Ratepayers deserve better than Dominion deal
(DBN)

Would it really hurt you if legislators don’t slash nuclear surcharge tomorrow?
(DBN)

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Marijuana:

Medical marijuana will be legalized in Oklahoma — one of the reddest states in the US
(DBN)

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Magazines:

Interview Magazine Owner Peter Brant Likely Only Winner in Bankruptcy
(DBN)

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PACA:

Kroger's new payment policy could violate federal law
(DBN)

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Gambling:

Disputed $50M fee expected to be paid in Indiana casino deal
(DBN)

Burlesque is back at Atlantic City casino that went bust
(DBN)

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Newspapers:

Warren Buffett Chooses New Path for Newspapers After Lamenting Decline
(DBN)

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Celebs:

What’s Going On With Buzz Aldrin?
(DBN)

Wynonna Judd's Daughter Gets 8 Years
(DBN)

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Debt Collection:

Massachusetts Supreme Court Just Made it Harder to Communicate With Consumers About a Debt
(DBN)

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Farming:

Farmers - Suicide Rate 5Xs Higher than That of Other Occupations
(DBN)

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Travel:

Woman Unleashes Profanity-Laced Rant Up and Down Aisle After Plane Lands for Passenger in Coma
(DBN)

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Pensions:

The US pension system just underwent a stress test — and the results reveal a dire situation
(DBN)

MetLife charged with fraud for failing to pay pensions of 'dead' retirees
(DBN)

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Autos:

Goldman reiterates sell on Tesla and expects Model 3 deliveries to miss estimates
(DBN)

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New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (22 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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Bankruptcy Statistics:

Kate Waldock's Bankruptcy Research: From Lehman Trading Desk to PhD
(DBN)

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Consumer Bankruptcy:

Access to Justice, Consumer Bankruptcy Edition
(DBN)

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SCOTUS:

Court Asked To Decide Effect Of Rejection Of Debtor-Licensor's Rejection
(DBN)

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Executory Contracts:

Limited Liability Company Interests as Property of a Debtor’s Estate—Executory Agreements and the Conundrum of Section 365
(DBN)

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Appeals:

SCOTUS Insider Decision Has Broader Implications
(DBN)

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Mediation:

How to Fail as a Mediator
(DBN)

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Exemptions:

Requirements for Massachusetts Homestead Exemption: Can Debtors Exempt Principal Residence Occasionally Rented as Short-Term Lodging?
(DBN)

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Tax:

CA: Couple Owes $266M in Back Taxes
(DBN)

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Politics:

Behind the scenes, Republicans are fuming over Trump's indecisiveness on immigration Trump says 63,000 Americans were killed by illegal immigrants since 9/11. The math doesn't add up Trump wants more money from Congress for his border wall Trump: Immigration policy should just be 'you can't come in'
(DBN)

Gallup poll: Nancy Pelosi's favorability rating falls to 9-year low among Democrats
(DBN)

Sarah Sanders to receive Secret Service protection Immigration Protesters Confront Mitch McConnell and Elaine Chao
(DBN)

Most Republicans think news outlets report fake news
(DBN)

Poll reveals deep partisan divide over America's status as a moral leader
(DBN)

Trump made fun of Rep. Mark Sanford again. The House Freedom Caucus has had enough.
(DBN)

In a shocking upset, Rep. Joseph Crowley has been defeated by a 28-year-old Alexandria Ocasio-Cortez in the Democratic congressional primary in New York Alexandria Ocasio-Cortez defeats fourth-ranking House Democrat Joe Crowley in massive upset A stunning liberal surge Top House Democrat Joe Crowley loses primary to socialist A 28-year-old Democratic Socialist just ousted a powerful, 10-term congressman in New York Meet Alexandria Ocasio-Cortez, the millennial, socialist political novice who beat her establishment Democrat rival in a huge electoral upset
(DBN)

Florida Senate race is close, while Democrats hold solid leads in Arizona and Ohio, polls say
(DBN)

How Post-Millennial Voters Could Change America
(DBN)

Winners and losers from June 26's primary elections
(DBN)

Mitt Romney easily takes Republican primary in Utah Senate race
(DBN)

Federal court delivers blow to racial gerrymandering in Virginia
(DBN)

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UK:

Insolvency ‘domino effect’ leaves one in four businesses financially exposed
(DBN)

UK: Underlying number of insolvencies at highest quarterly level since 1Q/14
(DBN)

Theresa May's canceled Cabinet sleepover suggests she's plotting a soft Brexit
(DBN)

Tony Blair: Return to the Dark 1930s No Longer Far-Fetched
(DBN)

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EU:

Eurozone bank lending to businesses picks up
(DBN)

Eurogroup to examine sovereign debt restructuring procedure
(DBN)

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PIIGS:

Standard and Poor's ups Greek credit rating by 1 notch to B+ Eurozone finance ministers agree on last-minute debt reprofiling for Greece
(DBN)

How Alexis Tsipras went from being the Greek Corbyn to the EU's poster boy
(DBN)

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Sweden:

Now Even Swedes Are Questioning the Welfare State
(DBN)

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France:

French consumer confidence falls near 2-year low
(DBN)

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MENA:

Abraaj Sets July 1 Deadline for Colony Deal, But Some Investors Resist Custodian Investment unaffected by Abraaj bankruptcy UAE stocks move after firms disclose exposure to embattled firm Abraaj
(DBN)

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India:

Vijay Mallya’s plea: Let my firms sell assets worth Rs 13,900 crore, repay banks
(DBN)

PNB scam: Nirav Modi firms availed loans from PNB’s Hong Kong, Dubai branches too, claims report
(DBN)

India's Maternity Law may cost 1.8 million women their jobs
(DBN)

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Malaysia:

$273 million-worth of valuables were seized from Malaysia's former prime minister including 567 handbags, 234 pairs of sunglasses, and 12,000 pieces of jewelry
(DBN)

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Australia:

New ipso facto regime clearer with final Regulations, but uncertainty for business and insolvency sector remains
(DBN)

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China:

China's central bank steps in as yuan tumbles
(DBN)

China is languishing in bear market territory amid 'worrisome' trade news
(DBN)

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South Africa:

How McKinsey Lost Its Way in South Africa
(DBN)

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Asia:

Asia junk bond rout divides veterans on US$121bil market
(DBN)

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Argentina:

The IMF is back in Argentina: “an economic and social crisis, even more serious than the present one, looms large on the horizon”
(DBN)

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