June 29, 2018

The Daily Bankruptcy News

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Law:

The Raise Train Continues, Reaching 11 More U.S. Offices More Associate Salary Craziness: A New York Mainstay Gets On Board Season Of Associate Raises Is Not Over Yet Giddy Up! Associate Salaries Increasing Across Texas $190,000 Doesn’t Tell The Whole Story — Senior Associates Feeling The Pinch At This Biglaw Firm Salary Match, But Bonuses Delayed… Mwahaha, Now You Can NEVER Leave You're probably not going to be making $190K when you graduate Latham & Watkins raised pay in London after associate revolt Paul Hastings, Cadwalader Move On Associate Pay Raises
(DBN)

Ballard Spahr Names New Bankruptcy Litigation Partner in DE
(DBN)

The 500 Largest Law Firms In America (2018)
(DBN)

Sedgwick Sued for $23M Over NYC Office Lease
(DBN)

Baker McKenzie’s GC tries to reconcile feuding partner duo
(DBN)

Second leak catches Mossack Fonseca in panic mode
(DBN)

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

Want to Reach In-House Counsel? Give Them Something Useful to Read
(DBN)

Foley Hoag Extends 18-Week Leave Policy To All Parents
(DBN)

Seyfarth, Landmark Square Off As Malpractice Trial Wraps
(DBN)

Rod Rosenstein gets heated at House Judiciary Rod Rosenstein rejects call to 'finish' Russia investigation, saying it should end 'appropriately' Trey Gowdy, who headed the Benghazi investigation for more than 2 years, claims Mueller is taking too long Here’s How The Mueller Investigation Stacks Up Against Past Probes Rosenstein, Jordan clash in House hearing into Clinton emails Gowdy Tells Rosenstein to Hurry Mueller Probe: 'Finish The Hell Up' 5 Moments from Wray-Rosenstein Hearing Trump goes after Robert Mueller by name for hiding 'conflicts of interest' – even though special counsel filed financial disclosures 10 months ago Special counsel eyeing Russians granted unusual access to Trump inauguration parties
(DBN)

Trump Backs Russia on Election Interference Ahead of NATO Summit
(DBN)

House Republicans grill FBI agent who sent anti-Trump texts
(DBN)

Ex-Trump aide Papadopoulos will be sentenced on Sept. 7
(DBN)

Uber, PayPal, LinkedIn & Cisco Lawyers Talk Legal Industry Ideas at In-House Forum
(DBN)

Kirkland Tries Stealth Strategy for Big D Base
(DBN)

Asked And Answered: Advice For Future Lawyers (Part II)
(DBN)

'This is intimidation': An ICE whistleblower who said he was told to lie to the public was interrupted by Homeland Security agents banging on his door during a TV interview Reality check: Immigrant children facing deportation hearings alone Melania Makes Second Trip to Border What Happened Inside an Immigration Detention Empire Nearly 600 Arrested at Senate Immigration Protest Congress punts immigration to July
(DBN)

Ex-ICE Atty Gets 4 Years For Stealing Immigrants' Identities
(DBN)

SCOTUS May Have Been Right on Travel Ban
(DBN)

7th Circuit limits national ‘sanctuary cities’ injunction to Chicago
(DBN)

The Uniform Bar Exam Is Now The Way Most Law School Grads Become Lawyers
(DBN)

Top 4 Causes Of Biglaw Injuries (My Best Guesses)
(DBN)

What Young Solo Lawyers Can Learn From Alexandria Ocasio-Cortez
(DBN)

Working In-House And Want To Switch Companies? Good Luck!
(DBN)

BigLaw partner investigated in boat crash on eve of firm retreat V&E Attys Hurt In Boat Crash, Partner Pilot Faces Questions
(DBN)

Lawyer says she fractured her foot after an ICE agent pushed her to the ground
(DBN)

Several people dead from shooting at Capital Gazette newsroom Multiple people fatally shot at Capital Gazette newspaper in Annapolis Newspaper Massacre Was a Revenge Attack The suspected gunman in the Maryland newspaper shooting previously sued editors for defamation and lost the case Gunman Blamed Paper for His Conviction Milo Yiannopoulos urged vigilantes to start 'gunning journalists down' just 2 days before the deadly Capital Gazette shooting Here's what we know about Jarrod Ramos, identified as the suspect in the Maryland newspaper shooting Capital Gazette shooting deadliest attack on U.S. journalists since 9/11 Defiant staff at Capital Gazette publish their Friday paper hours after 'targeted attack' by gunman kills 5 of them "Speechless": Newspaper's opinion page left blank after mass shooting
(DBN)

Woman drove 19 miles with ex-boyfriend clinging to car's hood
(DBN)

Man Knocked Out Cold, Robbed In Middle Of NYC Intersection
(DBN)

Unarmed, Sitting Down, Tased in Back
(DBN)

Ex-Willkie, Hunton Partner Disbarred Over $7.8M Fraud
(DBN)

The Dumbest Law School Exam Question Ever
(DBN)

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Judges:

Democrats' best hope to stall Trump's next Supreme Court justice just collapsed Trump meets with key Senators to discuss Kennedy's replacement Senate Democrats who voted for Gorsuch meet with Trump Kennedy's Retirement Leaves His Future Law Clerks in Limbo Why Justice Kennedy’s Retirement From The Supreme Court Is Not The End Of The World Justice Kennedy’s Retirement From the Supreme Court: Answers To Your FAQs With Kennedy off the Supreme Court, will Roe v. Wade be overturned? Justice Kennedy: The linchpin of the transformation of civil rights for the LGBTQ community Court Watchers Predict Kennedy’s Replacement Kennedy's Retirement During Troubling Times How SCOTUS could start rolling back abortion rights Life After Kennedy: 1 Big Question, 6 Judges To Watch The Roberts court after Kennedy Musical chairs: SCOTUS edition As One of Kennedy's Few Female Clerks, Law Dean Recalls Her Job - and Her Son's - With the Justice Will Justice Anthony Kennedy Regret Retirement? Did Anthony Kennedy Just Destroy His Own Legacy? Trump says Justice Kennedy's retirement highlights need for more Republicans in Senate Never predictable, Justice Anthony Kennedy leaves legacy in conservative, liberal decisions Sen. Jeff Merkley says Trump Supreme Court nominee could "lock in an anti-American majority" Justice Kennedy A ‘Model of Civility,’ Clerks Say The Coming Battle to Overturn Roe v. Wade Voters don't want the Supreme Court to overturn Roe v. Wade
(DBN)

John Roberts Will Not Save Us Roberts Becomes True Power As 'Kennedy Court' Ends
(DBN)

Kavanaugh is said to be a front-runner to replace retiring Justice Anthony Kennedy What Brett Kavanaugh Says About Indicting a Sitting President
(DBN)

Trump’s attacks on courts undermine judicial independence
(DBN)

Supreme Court confirmation process is likely to follow the Neil Gorsuch playbook
(DBN)

This is when every serving Supreme Court Justice could retire, based on age, average tenure, and if they've said they might quit
(DBN)

In Flake’s War On Trump Tariffs, Judicial Picks Are Caught In The Crossfire
(DBN)

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Wall Street:

Dow set to jump more than 100 points, but is still headed for a weekly loss
(DBN)

Telecomms and tech lead stocks to close higher Dow utilities snaps longest losing streak in nearly 12 years
(DBN)

The stock market is days away from setting a bearish record
(DBN)

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Layoffs:

Country Fresh dairy to lay off 103 Michigan workers
(DBN)

Trump auto tariffs may cost hundreds of thousands of U.S. jobs
(DBN)

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Autos:

Frustrated Tesla customers are canceling their Model 3 orders because they've grown tired of waiting Tesla Wants $2,500 More on Model 3 Orders
(DBN)

Ford fires back at Elon Musk after he compared a Ford factory to a morgue
(DBN)

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Religion:

Minn. archbishop: No plans for parish appeals to fund abuse settlement
(DBN)

Archdiocese of St. Paul and Minneapolis files reorganization plan with U.S. Bankruptcy Court Archdiocese files plan for repaying abuse survivors Archdiocese files reorganization plan in bankruptcy court Archdiocese Files New Reorganization Plan in $210 Bankruptcy Case
(DBN)

No resolution in sight for Duluth diocese bankruptcy
(DBN)

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Entertainment:

Relativity Media Reaches Deal With Unsecured Creditors
(DBN)

Weinstein Co warns liquidation looms in seeking lower sales price
(DBN)

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Marijuana:

Schumer Puts Up Pot Legalization Bill
(DBN)

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Celebs:

Paul Teutul Sr. Had to Sell His Prized Car Collection to Keep ‘Orange County Choppers’ In Business
(DBN)

Deeply indebted Boris Becker wins a reprieve from a selloff of his trophies
(DBN)

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Festivals:

Fyre Festival Founder Involved In Ticket Scam While Awaiting Sentencing
(DBN)

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Food/Beverage:

Jose Garces offers to add his own cash to sweeten sale of his restaurants
(DBN)

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Economy:

US first-quarter growth slowed more than estimated, weighed down by the weakest consumer spending in nearly 5 years
(DBN)

Q1 GDP Revised down to 2.0% Annual Rate
(DBN)

IMF Bleak Warning: Global Growth to Fade
(DBN)

Kashkari Says Fed Confused About What's Next After Neutral Rates
(DBN)

U.S. jobless claims rise for first time in four weeks Weekly Initial Unemployment Claims increased to 227,000
(DBN)

Americans’ Views of Job Market Remain Upbeat
(DBN)

How the opioid epidemic is exacerbating a U.S. labor-market shortage
(DBN)

Treasury yields inch up as stocks gain, GDP update comes in soft
(DBN)

Kansas City Fed: Regional Manufacturing Activity "Continued to Expand at a Rapid Pace" in June, Concern about Tariffs
(DBN)

Government revenue since the recent tax reform
(DBN)

Harley-Davidson's CEO would like you to know he didn't call Trump a 'moron.' That was fake news Krugman: Trump Versus the Hog-Maker Snap-on CEO: If Trump went after us like Harley-Davidson for overseas factories we'd defend ourselves Fear is growing on California farms over Trump's trade war Rubenstein Doesn't See Long-Term Trade War or Signs of Recession Trade-war tracker: Here are the new levies, imposed and threatened Tariffs hit small whiskey distillers hard Trump's trade war could bring down America's last nail factory Trump's trade war is a losing investment — just look to Harley-Davidson Canadians are Livid and Boycotting US Goods Can We Avoid A China Trade War ? US-China Tiff Based on Outmoded Notions of Trade, BlackRock Says Trump: Praise for Foxconn, Warns Harley Sharp cancels $1.8 billion share sale over US-China trade tensions When Trump Tariffs Hit Walmart, Then What Trump reportedly wants the US to withdraw from World Trade Organization Trump's trade threats could end up boosting China's global economic clout Here's a list of products affected by tariffs so far, including nails and whiskey Trump's private threat to upend global trade President Trump Tells Exporters To Be Patient, Shows No Signs Of Backing Down On Trade US funds remain cautious faced with trade war threat: Reuters poll
(DBN)

U.S. Steel expansion touted by Trump not happening
(DBN)

US Has a 1.4 Billion Pound Cheese Surplus
(DBN)

Bill Gates: Everyone should know these 3 facts
(DBN)

Trump's New IRS 'Postcard' Is Not So Simple And Not Really A Postcard
(DBN)

Immigration law changes have left many US businesses scrambling to find low-skilled foreign workers
(DBN)

Apple supplier Foxconn gives Trump what he wants: A factory—and jobs—in the US What every American should know about a Foxconn in their backyard Trump heads to Wisconsin to tout a new Foxconn plant, while Harley-Davidson talks tariffs just up the road Foxconn scales back plans for its first factory
(DBN)

Flattening yield curve raises recession fears The Flattening Yield Curve Spells Doom
(DBN)

The next recession : How bad will it really be?
(DBN)

Chart of the Day: Pass-Through Tax Deductions Made Easy
(DBN)

US Senate passes farm bill without big food stamp changes
(DBN)

America’s trucker shortage could undermine economy
(DBN)

Why Are Millennials Still Living With Their Parents?
(DBN)

How Much Do CEOs of Fortune 100 Companies Make?
(DBN)

Why Teen Employment Numbers Are Down
(DBN)

Is Debt The New Working Capital For Millennials?
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Top cities where homeowners made the most money selling their homes last year
(DBN)

Mortgage rates slump as trade fears weigh on a housing market that’s running dry Tariffs, possible recession spell end to rising mortgage rates
(DBN)

Zillow Case-Shiller Forecast: Slower House Price Gains in May
(DBN)

Bankruptcy trustee wants to sell some of El Paso businessman Billy Abraham's properties
(DBN)

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Municipalities:

Puerto Rico board delays public meeting to iron out budget details
(DBN)

Puerto Rico pushes for statehood by 2021 New bipartisan bill calls for Puerto Rico statehood Council for Citizens Against Government Waste Endorses Puerto Rico Admission Act
(DBN)

In Florida battleground, Puerto Ricans fleeing Maria's destruction reshape electoral landscape
(DBN)

Puerto Rican families gather in tents, ask for help as assistance program comes to an end Stay or go? Decision time nears for displaced Puerto Rican families FEMA housing support to end for those displaced by Hurricane Maria NY City to shelter at least 600 Puerto Rican victims of Maria when FEMA funding ends Puerto Rican Hurricane Evacuees Wait Until Last Minute To Know Their Fate In NYC Warren Urges Extension of Housing Assistance
(DBN)

Home prices are plummeting in Puerto Rico
(DBN)

Puerto Rico just asked for enough batteries to supply 5% of its peak electricity demand
(DBN)

The Shock Doctrine Comes to Puerto Rico
(DBN)

Puerto Rican food aid is appallingly unhealthy
(DBN)

Court ruling on unions no lifesaver for Illinois' sinking finances
(DBN)

Public Sector Unions Face New Reality After Supreme Court Ruling
(DBN)

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Oil/Gas:

Gathering Agreements Are Executory Contracts That May be Rejected in Bankruptcy
(DBN)

State Dept official says it will work with countries to reduce Iranian oil purchases to zero, clarifying earlier comments
(DBN)

BP Bets on an Electric Car Boom
(DBN)

Creditors, investors appeal dismissal of suit against Citigroup claiming $1.1 billion in losses
(DBN)

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Retailing:

Pier 1 same-store sales drop, taking the stock price with it
(DBN)

Remaining Toys "R" Us stores close for good "Play On!" Toys R Us says goodbye with heartwarming message, heartbreaking photo Photo of Geoffrey the Giraffe leaving an empty Toys "R" Us store goes viral Zoo wants to give Geoffrey the Giraffe a new job as an ambassador
(DBN)

700 empty Toys 'R' Us stores. Who's going to fill them?
(DBN)

More Toys R Us Properties Hit Auction Block
(DBN)

Steinhoff bags last-minute debt restructuring deal
(DBN)

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Coal:

Another Flawed Argument For Nuclear, Coal Bailouts
(DBN)

Coal firms created by bankruptcy plan to recombine
(DBN)

White House Memo May Indicate Future Coal and Nuclear Subsidies
(DBN)

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Cybersecurity:

A new data breach may have exposed personal information of almost every American adult
(DBN)

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Lehman:

The story of the Lehman Brothers collapse is about to hit the London stage in a 220-minute play
(DBN)

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Disruption:

Amazon is buying companies at an unprecedented rate — and why it matters
(DBN)

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Electricity:

Scana slashes quarterly dividend 80%
(DBN)

California fires causing bankruptcy concerns for IOUs
(DBN)

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Non-Profits:

How mounting greed brought down a Silicon Valley nonprofit
(DBN)

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Distressed Investing:

Investors Dive Deep Into Riskiest Subprime Debt
(DBN)

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Student Debt:

Student loan debt harms retirement, says AARP
(DBN)

They Think Their Student Loans Will Vanish. There’s a Problem
(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 (25 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (24 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:

Litigation Funders Face Their Hardest Sell: Big Law
(DBN)

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TBTF:

U.S. arm of Deutsche Bank only bank with capital plan rejected by Fed Fed limits payouts at Goldman Sachs, Morgan Stanley, again faults Deutsche Bank Bank Stress Tests: Fed Releases Round 2 Of Results; Payouts To Follow Deutsche Bank Fails Fed Stress Test
(DBN)

Wells Fargo, JP Morgan, Citi will hike dividends, buy back more stock
(DBN)

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Bankruptcy Rules:

BK AZ: 2018 Local Rules of Practice - Amendments Effective 8/01/2018
(DBN)

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IP:

The continuing saga of Buck Rogers and the Copyright Trolls
(DBN)

Let’s go to SCOTUS — Can a Trademark Licensee keep using the mark after the Licensor files bk?
(DBN)

Trademark Licenses . . . Again (Update No. 1)
(DBN)

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Labor:

Bankruptcy Court Dismisses Breach of Duty of Fair Representation and Collusion Claims
(DBN)

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Transfer:

Practice Pointers: Bankruptcy Court Lacks Authority to Transfer Pursuant to 28 U.S.C. § 1631 and A Post-Petition Action Satisfies “Is Commenced” Element for Purposes of Mandatory Abstention
(DBN)

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UST:

Remarks of Director Cliff White Before the 53rd Annual Seminar of the National Association of Chapter 13 Trustees
(DBN)

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Jurisdiction:

A Big Stretch for Bankruptcy Jurisdiction: SPV OSUS v. UBS
(DBN)

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Healthcare:

Less than a quarter of Americans get enough exercise, according to a new report — here’s what you should be doing
(DBN)

DOJ Charges Hundreds in Healthcare Fraud Justice Department charges 601 people, including doctors, in opioid abuse crackdown
(DBN)

Opioid Makers, Blamed for Overdose Epidemic, Cut Back on Marketing Payments to Doctors
(DBN)

Amazon's $1 billion purchase of PillPack wiped out 15 times that from pharmacy stocks — and it shows the outsized effect the juggernaut can have on an industry
(DBN)

Americans Want to Keep Obamacare Protections for Pre-Existing Conditions
(DBN)

U.S. Senate Committee Proposes $50 Million to Prevent Mothers Dying in Childbirth
(DBN)

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Politics:

The Red Hen restaurant that refused to serve Sarah Sanders was hit by a cyberattack Maxine Waters cancels events over death threats after calling for Trump admin to be mobbed, harassed
(DBN)

Trump: NATO is as Bad as NAFTA
(DBN)

Trump's Favorite Twitter Insults
(DBN)

How Mitch McConnell Made Donald Trump
(DBN)

White House chief of staff Kelly expected to leave this summer Trump’s short list for potential John Kelly replacements
(DBN)

By the numbers: How Trump properties profited from his presidency
(DBN)

Trump Continues to Target the NFL
(DBN)

SCOTUS OK's Some NC Redistricting
(DBN)

Scott Pruitt Personally Involved in ‘R--------’ Ex-Aides Who He Feels Betrayed Him
(DBN)

Ethics Committee launches full-scale probe into Schweikert and top aide
(DBN)

How the saga of Trump City foreshadowed the president’s path to the White House
(DBN)

Iran Reopens Uranium Plant
(DBN)

Fact-checking Donald Trump's rally in North Dakota Fact-checking Donald Trump's rally in North Dakota
(DBN)

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UK:

What do House of Fraser, Byron Burger, Carluccios, Mothercare, Prezzo and Carpetright have in common?
(DBN)

Maplin still seeks a buyer as it closes all remaining stores
(DBN)

U.K. stocks rise, head for best quarter since 2010
(DBN)

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EU:

Merkel: Immigrant is Make It or Break It for EU EU Leaders Reach Deal on Migrant Crisis European markets rally after EU hammers out migration deal Victory for Merkel as EU leaders agree migration deal at dawn
(DBN)

Trump told Macron to consider leaving EU: Reports
(DBN)

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Canada:

Albertans continue to carry the most consumer debt in Canada
(DBN)

Trump trade war looms over picturesque Canadian aluminum town built by Americans
(DBN)

Donald Trump can still prevent a trade war with Canada but he needs to act fast
(DBN)

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India:

Whistleblower alleges ICICI used term loans and LCs to help defaulters; ICICI bank refutes allegations
(DBN)

SC judgment may upset Vijay Mallya's best-laid plans
(DBN)

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Venezuela:

It's nearly impossible to afford a cup of coffee in Venezuela A minimum-wage worker in Venezuela could afford 5 cups of coffee each month — and nothing else
(DBN)

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China:

China Moves to Align Asia Trade with Them
(DBN)

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Argentina:

Argentina stocks plunge amid emerging markets concerns Argentina economy shrinks in April due to drought; central bank holds rate
(DBN)

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France:

French Supreme Court Holds That Ultimate Controlling Shareholder of a Liquidated French Subsidiary Should Compensate Employees for Job Loss
(DBN)

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Malaysia:

Current bankruptcy law like a death sentence
(DBN)

Can A Stay Of Execution Prevent Winding-Up?
(DBN)

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Czech Republic:

Co-author of Czech Insolvency Act warns debt-relief amendments could trigger judicial system collapse
(DBN)

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MENA:

UAE court to rule on Abraaj founder cheque case next week
(DBN)

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