June 28, 2018

The Daily Bankruptcy News

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Law:

Baker Botts Jumps on Salary Bandwagon, Matching Cravath Scale for Associates MoFo Hops On Associate Raise Train
(DBN)

Federal Hate Crime Charges Filed in Death of Bankruptcy Legal Assistant in Charlottesville
(DBN)

Former Texas Lawyer Gets Prison for Suing on Behalf of Clients He'd Never Met
(DBN)

Ladies, Why Do You Put Up With the Black Box?
(DBN)

Jones Day Says Bias Suit Breached Partnership Pact; Ogletree Plaintiffs Reload Again
(DBN)

On The Emotional Labor Of Being A Lawyer
(DBN)

This BigLaw Firm Retakes Title Of Best To Work For
(DBN)

Law School To Cut Tenured Faculty To Solve Budget Problem
(DBN)

The 10 Law Schools With The Lowest Acceptance Rates
(DBN)

University Tries To Give Away Troubled Law School As ‘Gift’
(DBN)

Law Schools Should Ask Applicants How They Will Pay For Their Law School Expenses
(DBN)

Uniform Bar Exam Gains Major Traction Across the Country
(DBN)

Common Complaints About Lawyers From Online Review Sites
(DBN)

Norton Rose Fulbright Faces $1.2M Asset Seizure
(DBN)

indication for Prominent Broward Lawyer Who Fought for Years to Overcome Bankruptcy Bad Faith Finding
(DBN)

Supreme Court rules nonunion workers cannot be forced to pay fees to public sector unions UAW calls Supreme Court union ruling an 'attack on working men and women' In a blow to public sector unions, Supreme Court overturns 40-year-old precedent
(DBN)

ABA president describes weeping mothers and due process concerns at the border Want to help at the border? ABA groups offer avenues to donate time and money What happens to families crossing the border: The current rules 'I'm just thankful to be here in America': An asylum-seeker speaks out about narrowly escaping getting separated from his son Judge bars separation of immigrant families and requires reunification ICE’s Bond Algorithm Has One Response: DETAIN There is No Immigration Crisis Here’s What It’s Like to Work at a Shelter for Immigrant Kids
(DBN)

A second judge refuses to toss Manafort charges, yet criticizes ‘distasteful’ prosecution tactic Russian Oligarch Loaned Manafort $10 Million
(DBN)

'Permit Patty' resigns as CEO of cannabis company following viral video backlash
(DBN)

East Pittsburgh officer charged after killing unarmed black teen
(DBN)

How the #MeToo movement transformed Hollywood
(DBN)

Arizona U-Haul billionaire dumps 7 sick rottweilers on dog rescue, refuses to pay for vet
(DBN)

Atlanta lawyer buys a ‘TrumpHotels’ domain and offers terms of sale
(DBN)

An (Allegedly) Drunk Lawyer Walks Into An Airport
(DBN)

Biz owner arrested for hiring 'hitman' to kill cop who wrote too many tickets
(DBN)

Attorney Admits To Lying To FBI About S-- For Services
(DBN)

UK: Barrister who specialized in serious fraud claimed he did not know it was illegal for him not to pay tax
(DBN)

Former In-House Counsel Avoids Prison in Financial Fraud Conspiracy
(DBN)

6-year-old fires gun he found in a couch at IKEA
(DBN)

Biglaw Partner Faces A Felony Charge Following Boat Crash
(DBN)

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Judges:

Retirement of Judge Meredith A. Jury Effective June 29, 2018
(DBN)

Tension Runs High on Supreme Court's Final Day of the Term Justice Kennedy announces retirement, setting Trump up to reshape the Supreme Court for years to come Justice Anthony Kennedy's Exit Sets the Stage for a Fierce Battle Over His Successor 'Goodbye, Tony!': Justices Bid Farewell To Kennedy Pacific McGeorge Law Hopes to See More of Kennedy Post-SCOTUS Why Is Kennedy Retiring From Supreme Court? Senators Quickly Pivot to SCOTUS Confirmation Mode Anthony Kennedy, Swing Vote on U.S. Supreme Court, Will Retire Nomination Adversaries Gear Up Quickly After Kennedy's Retirement News Chris Matthews urges Democrats to resist Mitch McConnell after Justice Kennedy announces retirement Democrats urge McConnell to wait until after midterms to confirm a Supreme Court justice, citing his blockage of Garland McConnell: Shameless and Effective Justice Anthony Kennedy to retire from Supreme Court Obergefell, Fisher & More: Anthony Kennedy's Top 10 Opinions Justice Anthony Kennedy Announces Retirement, Setting Stage for Nomination Battle Justice Anthony Kennedy to retire, giving Trump a chance to shift Supreme Court sharply right Anthony Kennedy’s retirement preserves recent Trump wins Justice Anthony Kennedy's replacement will come from Trump's list of 25 potential names Court Watchers Predict Kennedy’s Replacement Trump says search to replace Supreme Court Justice Anthony Kennedy 'will begin immediately' Twitter Reactions To Justice Kennedy’s Retirement 'The Constitution Doesn't Belong to a Bunch of Judges and Lawyers': Quotable Kennedy Justice Anthony Kennedy Defined His Career at Center of Biggest Decisions New Supreme Court Isn’t Going to Restrain Trump Justice Kennedy’s Retirement Could Reshape the Environment The Justices' Statements: Kennedy 'Earned a Rousing Bravo,' RBG Says When Partisan Passion Raged, Kennedy Was The Vote To Get Kennedy's shift to the left of the Supreme Court ‘Roe v Wade is doomed,’ CNN legal analyst says in wake of Kennedy retirement The End of Roe vs. Wade is Coming The Justice Who Believed in America From Iqbal To Citizens United: Kennedy's Biggest Decisions The Last of the Small-Town Lawyers What Kennedy's Absence Means for Civil Rights
(DBN)

Trump could end up replacing 3, even 4 Supreme Court justices in his first term Why voting matters: Supreme Court edition
(DBN)

Trump’s list of Supreme Court candidates includes senator, judge who has mocked him Young judges dominate shortlist Trump's Supreme Court shortlist is very conservative Trump: “Democrats want judges who will destroy your freedoms" Life After Kennedy: 1 Big Question, 6 Judges To Watch Mike Lee is Favorite for Supreme Court Seat
(DBN)

John Roberts, the New 'Swing' Vote? Not Likely. Try, Perhaps, 'Median.'
(DBN)

Supreme Court's conservatives mark return to power with major rulings, minor punts
(DBN)

Pro-business Supreme Court has dangerous downside
(DBN)

Ohio’s limitations on judicial candidates are constitutional, 6th Circuit rules
(DBN)

Judges' Back Pay Win Affirmed By Calif. Appeals Court
(DBN)

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Wall Street:

US futures fluctuate ahead of the open, but trade uncertainty weighs Dow industrials set to take a breather after their 166-point drop
(DBN)

Stocks End Sharply Lower on China Concerns The Dow and S&P 500 blow their biggest intraday gain since February
(DBN)

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Layoffs:

Automakers warn U.S. tariffs will cost hundreds of thousands of jobs, hike prices
(DBN)

Toys R Us workers fume about no severance pay as stores close
(DBN)

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Travel:

A man in his underwear ran onto the tarmac at Atlanta's airport, jumped onto the wing of a Delta plane, and pounded on the windows while screaming at passengers inside
(DBN)

‘People were ready to die’ on ‘worst nightmare’ JetBlue flight
(DBN)

Boeing: New York to London in 2 Hours
(DBN)

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Retailing:

PetSmart Sues Citibank in Escalating Battle With Lenders
(DBN)

New York-based Russian label J.Mendel files for bankruptcy
(DBN)

Steinhoff urgently asks creditors for more time Steinhoff seeks further debt standstill from creditors Steinhoff requests support from creditors
(DBN)

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Finance:

How the end of this key borrowing rate could impact mortgages and other loans
(DBN)

Deal boom on the way, say private debt professionals
(DBN)

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Taxis:

What Can You Earn Driving for Uber?
(DBN)

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Religion:

Archbishop: No plan to make 'an additional appeal' to parishes for settlement funds
(DBN)

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Hotels:

Marriott Pere Marquette sale looks to be on for September
(DBN)

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Corporate Governance:

Chancery Applies Entire Fairness Standard to Transaction with Controller
(DBN)

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Economy:

Treasury Secretary Mnuchin says he's expecting a 'big' GDP number Economy might top 5% GDP in the spring
(DBN)

Fed GDPNow: Latest forecast: 4.5 percent
(DBN)

Fed's Bullard warns there's a risk the Fed is raising rates 'too fast'
(DBN)

Debt for US corporations tops $6 trillion
(DBN)

Global Debt Binge Setting Us Up For A Pounding Economic Headache
(DBN)

CFOs Are Optimistic about the Near-Term Future, Survey Says
(DBN)

Most millionaires don't plan to spend their tax savings, CNBC survey finds
(DBN)

Trump just made a big move that could deescalate the trade war with China Trump's plan to crack down on foreign investment is much less harsh than expected White House Retreats From Plans for Strict Limits on Chinese Investment White House may be using a softer tone, but it's still targeting Chinese investment in the US Kudlow rejects notion that US has softened its stance toward China Escalating trade threats are deepening the chill felt by Chinese dealmakers seeking US takeovers Iowa Farms: Frontline of War with China Harley-Davidson workers back Trump despite jobs shift FactCheck: Trump on Harley Davidson China could be turning to a stealth weapon in its trade war with Trump GOP Rep: Foreign investment update is important, but 'I'm concerned about trade wars' Mnuchin: All Trump advisors are united on this China tech crackdown, any mixed messages 'unfortunate' Bourbon Is the Latest Victim of Trump's Trade War Automakers to Trump: Tariffs will drive up auto prices and cost thousands of jobs Larry Summers praises China's state investment in tech, saying it doesn't need to steal from US Trump auto tariffs would make steel tariffs ‘look like a company picnic': AutoNation CEO Toyota warns Trump: Car tariffs will increase cost of every vehicle sold in US Canada Lobbies Detroit to Stop Auto Tariffs Auto Tariffs Last Step to Economic Disaster In a trade war, consumers may take a hit at the cash register The US intends to break the WTO to deal with the 'multi-trillion dollar problem' that is China Trump's tariffs could hit 15% of goods coming through Los Angeles port 3 reasons why the U.S. will keep escalating its trade wars 100,000 Americans could have their jobs destroyed by Trump's trade war Trade War Could Trim Economic Growth, Study Says Here's how much stock investors could lose in a 'zero-sum' trade war 8 reasons why Trump's tariffs may push the U.S. into a recession
(DBN)

A Goldman Sachs indicator closely watched by economists just flashed red — and it's signaling tough times ahead for US growth
(DBN)

Building a career is more of a priority than having kids, say single women
(DBN)

The next bear market in stocks will spark a retirement crisis
(DBN)

The American Dream Deferred
(DBN)

Timetable for Round Two of Tax Reform House To Vote on GOP Tax Bills in Fall
(DBN)

Why millennials are buying into layaway payment plans
(DBN)

Public Infrastructure Keeps Economy Afloat
(DBN)

Trump; There are virtually no people living in extreme poverty in the United States
(DBN)

Chemical Activity Barometer Increased in June
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Pre-Bankruptcy Lease Termination for Default: Will That Allow the Landlord to Escape Bankruptcy?
(DBN)

Pending home sales drop for fifth straight month in May NAR: Pending Home Sales Index Decreased 0.5% in May
(DBN)

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

Reis: Apartment Vacancy Rate increased in Q2 to 4.8%
(DBN)

We’re probably at peak housing. Here’s what that means.
(DBN)

DC: Sanford Capital Looks to 'Political Connections' to Get Out of Legal Problems
(DBN)

Civil rights groups bring shocking housing discrimination lawsuit against BofA
(DBN)

NAR: Is inventory the biggest threat to Realtors?
(DBN)

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Municipalities:

Bill Introduced to Make Puerto Rico the 51st State
(DBN)

Corpses Pile Up in Puerto Rico's Morgues
(DBN)

How the Tax Cut Sacks Puerto Rico
(DBN)

Saturday deadline looms for families who fled Puerto Rico after Maria to leave transitional housing
(DBN)

States, Cities Win Edge in Pension War With Supreme Court Ruling
(DBN)

Here's why California faces fiscal risks despite its largest budget surplus in more than a decade
(DBN)

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Oil/Gas:

US oil exports boom to record level, surpassing most OPEC nations
(DBN)

U.S. oil prices settle at highest since 2014 as crude supplies notch biggest weekly drop of the year
(DBN)

Trump Push to Ban Iran's Oil Will Jump Price
(DBN)

Oil and gas drilling stocks are having their best quarter since 2011
(DBN)

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Marijuana:

Federal anti-pot laws create a 'moat' around marijuana business, says founder of US cannabis company
(DBN)

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Celebs:

Forced auction of tennis star Boris Becker's items put on hold
(DBN)

Chad Curtis' ex-wife files for bankruptcy
(DBN)

50 Cent doubles down after mocking assault claim
(DBN)

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Banking:

Citi's plan for its fastest-growing region: Fewer branches, more online
(DBN)

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Awards:

Vault Rankings: The Best Law Firms To Work For In America (2019) Vault Law 100
(DBN)

Weil Ranked Among Standout Firms for Restructuring and Insolvency by Global Restructuring Review
(DBN)

Cauthen to receive bankruptcy service award
(DBN)

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Currency:

FBI Has 130 Cryptocurrency-Related Investigations, Agent Says
(DBN)

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Entertainment:

The Weinstein Co. Warns Of “Significant Risk” Sale To Lantern Capital Might Not Close Weinstein Co. Sale to Lantern Capital Nearly Collapsed Amid Lawsuit Threats Weinstein Co. Sale to Lantern at Risk Amid Growing Discord
(DBN)

With Relativity in Bankruptcy, Ryan Kavanaugh Lists Malibu Estate
(DBN)

Judge grants initial motions in Weinstein Co. bankruptcy
(DBN)

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Musical Instruments:

After bankruptcy, Gibson plots return to basics, and possibly ukuleles
(DBN)

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Cybersecurity:

Ticketmaster customers’ payment details stolen in hack attack
(DBN)

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Distressed Investing:

‘Junk’ corporate bonds are beating high-grade debt. What gives?
(DBN)

Junk-Bond Buyers Are Getting Pushier
(DBN)

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Corporate Reform:

Consumer Protection Head a Corporate Shill
(DBN)

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Movie Theaters:

Can MoviePass Owner Avoid Bankruptcy as Stock Hits Record Low?
(DBN)

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Festivals:

Fyre Festival Investor Can Pursue Claims Against Organizers
(DBN)

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Nuclear:

Westinghouse emerging from bankruptcy , will pursue foreign sales Westinghouse eyes Saudi, India deals as end to bankruptcy nears
(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 (7 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (17 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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Litigation:

Hedge funds clamor to finance mass tort cases; some call for disclosure
(DBN)

Soros Backs Personal Injury Lawsuits In Market With 20% Returns
(DBN)

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Bankruptcy Remoteness:

Court Affirms Effectiveness of Shareholder Consent Requirement for Bankruptcy Filing
(DBN)

Golden share gives holder veto power over voluntary bankruptcy
(DBN)

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IP:

Understanding the Special Protections Afforded Intellectual Property Licenses in Bankruptcy
(DBN)

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Autos:

Elon Musk says Model 3 delivery number doubters are in for a 'rude awakening'
(DBN)

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Politics:

Republican immigration bill goes down in disastrous defeat for Trump and GOP leadership
(DBN)

Trump tariffs test how far GOP will go to protect him Sen. Claire McCaskill On Tariffs' Impact
(DBN)

Poll: 1 in 3 Think US Civil War is Coming
(DBN)

North Korea Is Rapidly Upgrading Nuclear Site Despite Summit Vow
(DBN)

McConnell to Trump: Filibuster Stays
(DBN)

Trump's private NATO trashing rattles allies
(DBN)

Bob Lutz: Trump Not Destroying the System
(DBN)

Nancy Pelosi downplays Alexandria Ocasio-Cortez's win Nancy Pelosi responds to shock election upset in New York: ‘It’s not about me setting somebody up’ Why Joseph Crowley’s Defeat Should Scare Joe Biden
(DBN)

The Democratic rebellion may have finally arrived Diversity drives Democratic primaries
(DBN)

Trump takes over America
(DBN)

Obama expected to hit the campaign trail for Democrats with help from Pelosi and Schumer
(DBN)

Billionaire Koch network plans to go after senators who voted against Trump's spending cuts
(DBN)

Libyan Militia Leader Gets 22 Yrs for Benghazi
(DBN)

SCOTUS Ends Union Era in Politics
(DBN)

Yelp is the new battleground for political warfare
(DBN)

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Healthcare:

Bankrupt Miami hospital fetches $30M bid
(DBN)

New health insurance options are a lot cheaper — there’s just one problem The High Toll of High-Deductible Health Care Plans
(DBN)

What Kennedy's retirement means for health care
(DBN)

Fewer Americans spending final days in hospital; More dying at home
(DBN)

The States That Exercise Least
(DBN)

Opioid overdose deaths may be undercounted by 70,000
(DBN)

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Education:

Shuttered McNally Smith music college sells off nearly $1M in equipment for bankruptcy estate
(DBN)

The Gender Wage Gap at America’s Top Colleges
(DBN)

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Fraud:

BoA Accused Of Aiding $102M Ponzi Scheme
(DBN)

Madoff trustee defeats US appeals court challenge to his authority
(DBN)

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Personal Finance:

Don't let your kid get a credit card until they can pass this test
(DBN)

You can avoid—or fix—these 20 common money mistakes
(DBN)

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UK:

As crises hit House of Fraser and Debenhams, and even John Lewis falters: Are department stores set to follow BHS into extinction or do some have a shot at survival?
(DBN)

H&M profit drops sharply as unsold stock piles up
(DBN)

Aide Warns UK Headed for Worst Brexit Deal France: Time to Prepare for No Brexit Deal As The British Pound Tumbled After The Brexit Vote, Some Hedge Funds Made Millions
(DBN)

Insolvency expert faces Comet conduct inquiry Comet: the £2 bargain that collapsed a year on
(DBN)

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EU:

Merkel says migration issue is ‘make-or-break’ for the EU Merkel at risk as EU leaders meet for immigration summit
(DBN)

Europe needs a plan for any future financial shocks ... and it's struggling to reach a concrete deal
(DBN)

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China:

Chinese yuan fall sparks fear a trade war could turn into a currency war
(DBN)

Chinese stocks slammed again as the trade war-fueled bear market deepens
(DBN)

The World Cup is perfectly highlighting the global economic shift toward China Kalin Anev Janse, secretary general of the European Stability Mechanism
(DBN)

Why China will think twice about squeezing US companies
(DBN)

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Brazil:

Brazil's empty $300 million World Cup stadium
(DBN)

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India:

Debt-ridden Andhra man sells children, wife
(DBN)

When Kumar Mangalam Birla and Ajay Piramal clashed on bankruptcy code in front of PM Modi
(DBN)

One-day rule: Defaults jump, hit Rs 1.2 lakh crore
(DBN)

Settling cases post admission when there is no Creditors' Committee
(DBN)

Vijay Mallya has no change of heart, law is catching up: BJP
(DBN)

Cross-border insolvency framework will help attract more FDI: Experts
(DBN)

Did This Jeweler To The Stars Commit The Biggest Bank Fraud In India’s History?
(DBN)

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Romania:

Insolvencies up by nearly 12 pct in the first 5 months
(DBN)

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Venezuela:

Venezuela's Maduro calls Pence a 'poisonous viper'
(DBN)

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Argentina:

The mixed fortunes of Argentina's 2005 and 2010 debt restructurings
(DBN)

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