March 15, 2018

The Daily Bankruptcy News

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Law:

Chadbourne Settles Sex Bias Case That Shined Light on Big Law Pay Gap Plaintiffs file motion to settle lawsuit alleging gender discrimination at Chadbourne & Parke Biglaw Firm To Pay Over $3 Million To Settle Pay Discrimination Case Chadbourne Settles Gender Bias Case For $3M
(DBN)

Proskauer Partner Says Bias Suit Hasn't Stopped Retaliation
(DBN)

Have You Ever Wondered Why They’re Called ‘Associates’?
(DBN)

Law Firms Hire Bankruptcy Lawyers
(DBN)

Judge Cites 'Troubling' Morgan Lewis Conduct, but Firm Skirts Disqualification
(DBN)

Square Inc.’s Bankruptcy Attorney Ban Is Illegal, 9th Circ. Told
(DBN)

Ladies, Get Out Your Whip
(DBN)

The 2019 U.S. News Law School Rankings Leak: The Top 100
(DBN)

Blank Rome Revenue Up 2.1 Percent as Profits Stay Flat
(DBN)

Book Of Business: Winston & Strawn’s Impressive Expansion In Energy Law
(DBN)

Lawyer Rankings Are Little More Than Flawed Popularity Contests
(DBN)

Law Firms Get New Guidance on Harassment
(DBN)

Law Students Today Have Fewer Excuses For Being Blindsided By Student Loans
(DBN)

Amy Wax Relieved Of Her 1L Teaching Duties After Bald-Faced Lying About Black Students After 'disparaging' comments on black students, Amy Wax barred from teaching first-year course
(DBN)

ATL March Madness: The Greatest Work Of Legal Fiction Ever
(DBN)

From Maine to Hawaii, students are planning 3,000 school walkouts to protest gun violence on Wednesday You can be punished for walking out of school—here’s why you probably won’t be expelled What Will the Nationwide School Walkouts Accomplish? Dwayne Wade donates $200,000 to Parkland victims and sponsors art exhibit in their honor House to vote on school violence bill amid student walkouts Teacher accidentally fires gun and injures three students in safety lesson Florida School Shooter Silent in Court 2 Teachers with Guns Accidentally Fire Them Thousands March on White House Gen Z activists have changed the gun control conversation when no one else could Enough: Students in Massive Protests Against Gun Violence “Seventeen Minutes Is NOT Enough!”: How the Parkland Walkout Erupted into a Mini-Rebellion House passes bill to prevent gun violence in schools in rare bipartisan vote Why Are White Men Stockpiling Guns?
(DBN)

Mueller's Report May Not See the Light of Day Paul Manafort Boosts Defense, Hiring Epstein Becker & Green's Richard Westling House Intelligence Democrats want to question the Ritz-Carlton in Moscow about the most salacious and controversial allegation in the Trump-Russia dossier Sessions is reportedly mulling a recommendation to fire former FBI deputy director McCabe Extreme secrecy surrounds Comey book manuscript
(DBN)

Trump May Still Fire Jeff Sessions
(DBN)

Trump company lawyer was part of push to hush Stormy Daniels, documents show Trump Organization lawyer reportedly signed Stormy gag-order documents Report: second Trump lawyer involved with Stormy Daniels pay-off
(DBN)

Kushner pushes prison reform with Senate Majority Whip How the U.S. imprisons the poor The criminal justice reform coalition is breaking up
(DBN)

Fisher Phillips cut partner’s pay and demoted him before he shot his wife, firm leaders testify
(DBN)

Fox News sued by parents of slain DNC staffer
(DBN)

Hearing date set for Trump showdown with Stormy Daniels
(DBN)

Trump is reportedly open to an immigration deal — without most of his previous demands
(DBN)

Mom who once married son going to jail for marrying daughter
(DBN)

Alabama sheriff pocketed $750K in inmate food money as a result of unusual law
(DBN)

Lawyers Have Done Some Pretty Stupid Things Lately
(DBN)

Biglaw Attorney Takes Frozen Cosplay To Epic Level
(DBN)

Chicago solo files $1.1M defamation suit against ex-client for alleged ‘legal predator’ Yelp review
(DBN)

Lawyer who filed 500-plus copyright cases in federal court calls $10K sanction ‘judicial error’
(DBN)

Police: Suspect in fatal sleepover stabbing rampage watched extremist videos Had federal charges pending against him
(DBN)

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Judges:

Federal Bankruptcy Judge From Wheeling Gets National Honor
(DBN)

When Scalia Died: New Documents Capture Confusing Day The Legacy of Justice Scalia: Rick Hasen in Conversation with Joan Biskupic
(DBN)

The Federal Judiciary Is Determined To Not Be Caught Flat-Footed For The Next Harassment Scandal
(DBN)

Dreaming of an Empty Seat
(DBN)

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Wall Street:

US stocks set for a mixed to positive open as trade concerns rumble on
(DBN)

U.S. stocks retreat as materials, industrial sectors weigh Dow drops more than 200 points, led by Boeing on fears of a China trade war
(DBN)

Trump's trade war is heating up — here are 11 stocks UBS says to avoid The big-name stocks to watch as trade-war worries get a reboot
(DBN)

One of Wall Street's most-followed forecasts for the US economy is looking worse and worse
(DBN)

Trade-war fear buffets Boeing’s stock — it’s responsible for a third of Dow’s 300-point skid
(DBN)

These two stock market patterns add up to trouble for investors through Election Day
(DBN)

The bet that undid Lloyd Blankfein at Goldman Sachs
(DBN)

How investors can protect against a trade war — in one sentence
(DBN)

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Layoffs:

Robots are shifting income from workers to owners
(DBN)

Bankrupt Toys 'R' Us is expected to start liquidation this week - the first step in moving to close all of its 850 US stores, 33,000 jobs
(DBN)

Denver Post cutting a third of its newsroom positions
(DBN)

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Cybersecurity:

A former Equifax executive has been charged with insider trading for selling shares before the company's massive data breach was announced
(DBN)

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Currency:

Bitcoin drops below $8,000 in cryptocurrency slump
(DBN)

Over $60 billion wiped off value of cryptocurrencies in 24 hours as bitcoin slide continues
(DBN)

Effects of Mt. Gox Trustee's $400 Mln Sale on Bitcoin Market
(DBN)

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Autos:

Moody's upgrades auto industry outlook from negative to stable
(DBN)

Tesla employees say automaker is churning out a high volume of flawed parts requiring costly rework
(DBN)

Lawsuits accuse automakers of faulty air bags, recall delays
(DBN)

Tesla's Make-Or-Break Moment Is Fast Approaching
(DBN)

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Religion:

Eastern Montana diocese moves to dismiss bankruptcy in abuse claims Diocese moves to dismiss bankruptcy Eastern Montana Catholic Diocese wants to back out of bankruptcy End of Bankruptcy Case Sought in Diocese Abuse Talks Eastern Montana Catholic diocese's effort to drop bankruptcy after settlement fails is a first
(DBN)

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Software:

Maitland software company M2 Systems files bankruptcy
(DBN)

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Education:

CA: Financially-Troubled St. Helena Catholic School will close in June
(DBN)

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Debt Collection:

Judge Issues Order to Garnish Bobby Rush’s Congressional Pay
(DBN)

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Bankruptcy Crimes:

A day after receiving 1-year sentence in federal court for bankruptcy fraud, lawyer is convicted of misappropriating $4.5K from a client
(DBN)

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Aviation:

Trump's Threat to Cathay's Recovery
(DBN)

______________

Student Debt:

What the Battle Over Student Loan Servicers Means for Borrowers
(DBN)

Consumer Bankruptcy Committee Issues Observations and Recommendations Regarding Student Loan Debts
(DBN)

American women hold two-thirds of all student debt—here's why
(DBN)

______________

Solar:

Solar power, already experiencing growing pains, faces more headwinds after Trump tariffs
(DBN)

______________

Personal Finance:

Kevin O'Leary shares his No. 1 trick for tipping at a restaurant
(DBN)

3 in 4 couples plan to start married life with this costly ball and chain
(DBN)

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Asset Protection:

IRS ending amnesty for taxpayers with secret foreign bank accounts
(DBN)

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Skiing:

Mountain Creek submits bankruptcy plan of reorganization
(DBN)

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Pharma:

Drugmaker Orexigen plans assets sale through Chapter 11
(DBN)

______________

Newspapers:

Charleston Newspapers workers receive employment applications
(DBN)

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Economy:

Lawrence Kudlow says he’s accepted post as Trump’s White House economic adviser Larry Kudlow replacing Gary Cohn as Trump's top economic adviser Cramer: Kudlow may have to embrace the feud with China to get along with Trump's circle Markets get a friend in Larry Kudlow who might buck Trump on two key issues Larry Kudlow, new chief economic advisor to Trump, says China 'has earned a tough response' Trump goes from A-list to CNBC-list with econ pick Larry Kudlow is Perfect for Economic Advisor Trump's Odd Choice for Economics Aide Isn't a Bad One Larry Kudlow is fan and critic of Trump’s economic positions Trump didn't tell staff before he hired Kudlow
(DBN)

Forecasts see economic growth possibly below 2 percent to start the year
(DBN)

The "epicenter of troubled America"
(DBN)

The Origins of the 'Globalist' Slur
(DBN)

All that optimism for hot first-quarter economic growth is rapidly fading away
(DBN)

A key engine of the economy is flashing a warning sign
(DBN)

Rising Services Costs Help Drive US Business Prices Higher
(DBN)

US Economy's Problem: Lack of Competition
(DBN)

Boeing has worst day in a month as China’s path to tariff revenge could begin with aerospace giant Trump reportedly wants to curtail Chinese investment in the U.S. John Kasich says Trump tariffs could derail ambitious Appalachian energy hub Tariffs, Global Blowback Will Cost 495K Jobs, Report Warns US energy pipeline developers to seek exemptions to steel tariff Trump boasts about making up facts about trade deficit to Trudeau Trump: 'I had no idea' if what I told Trudeau about trade deficit was true China is ready for a trade war with the US — and it could hurt Americans Trump seems to hint he could pull US troops out of South Korea if he doesn't get his way on trade Trump's 'trade cold war’ will have disastrous economic consequences
(DBN)

Key Republican is talking to the White House about tax plan 'phase two' Trump promises to unveil "phase two" of his tax plan
(DBN)

How much money you actually take home from a $75,000 salary under Trump's new tax law, depending on where you live
(DBN)

Trump killing Qualcomm's huge deal could prompt a trade war in global M&A
(DBN)

Stephen Hawking's final Reddit post was an ominous warning about the future of humanity and capitalism
(DBN)

Could a Bear Stearns Bailout Happen Again? A Decade After Bear's Collapse, the Seeds of Instability Are Germinating Again How Jamie Dimon came to rue his Bear Stearns deal
(DBN)

Bigger Than Any Past Bubble: Beware of Soaring Household Assets
(DBN)

Retail Sales Decreased Slightly in February
(DBN)

Food Stamp Fight Threatens Farm Bill
(DBN)

Trumps Wants 260K Legal Immigrants Out
(DBN)

Why tax refunds have lost their sparkle
(DBN)

Sallie Krawcheck on what Wall Street doesn't understand about women—and their money
(DBN)

US drops to 18th in annual World Happiness ranking
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

The Nonexistent Debtor and Indefinite Contract Terms: Better to Dot the I’s and Spell Out the Agreed Upon Terms
(DBN)

Home sellers using spycams to gather intel on prospective buyers
(DBN)

Why every investor should be terrified by Home Depot’s slide
(DBN)

Fannie Mae announces winner of $1 billion non-performing loan sale
(DBN)

MBA: Refis fall to lowest level since Sept. 2008
(DBN)

Early stage delinquencies begin to see uptick in December
(DBN)

Hathaway Homes to be liquidated
(DBN)

____________

Municipalities:

Detroit set to redeem some bankruptcy-related bonds Detroit uses surplus to pay off post-bankruptcy bonds 8 years early
(DBN)

Puerto Rico reforms could boost GNP by 1.5 percent - Jaresko
(DBN)

How One Small Town In Puerto Rico Holds On To Hope Six Months After Hurricane Maria
(DBN)

New Jersey Prepares To Raise Taxes On "Almost Everything" As It Nears Financial Disaster
(DBN)

______________

Oil/Gas:

EV Energy reaches restructuring agreement EV Energy Partners Announces Agreement on Comprehensive Restructuring EnerVest Not Included in Planned EVEP Chapter 11 Restructuring
(DBN)

Breitburn Looks to Exit Bankruptcy With New Plan, Agreement With Creditors
(DBN)

OPEC Sees Oil Supply Surge From Rivals, Countering Its Cuts OPEC's plan to boost oil prices is in trouble
(DBN)

Global Oil Demand Up, but Lags Production
(DBN)

Oil prices stable on healthy demand, but oversupply looms later in 2018
(DBN)

Crisis-hit Venezuela could soon tip the oil market 'decisively into deficit,' IEA says
(DBN)

______________

Retailing:

U.S. retail sales fall for third month in a row US Retail Sales Unexpectedly Fall for Third Straight Month
(DBN)

Retail defaults to spike in March as maturities mount in 2019, Moody's says
(DBN)

Shoppers are complaining that Apple Stores have become a 'hell on earth' like the DMV — and it's a growing crisis for the tech giant
(DBN)

Culprits in Toys R Us collapse
(DBN)

Chuck Schumer wants Toys 'R' Us to cash out your unused gift cards
(DBN)

Toys R Us Moves Toward Asset Liquidation Toys R Us will close all of its US stores Toys 'R' Us files to liquidate assets Toys 'R' Us to close US stores, leaving void for toy lovers Game Over For Toys R Us: Chain Going Out Of Business Toys R Us is closing all of its US stores. Here's a map of where they are Toys R Us submits plan to liquidate its US business, will close or sell all US stores
(DBN)

Toys R Us: The birth — and bust — of a retail empire
(DBN)

From Geoffrey to Kids R Us: Toys R Us through the years
(DBN)

Why Saying Goodbye To Toys 'R' Us Is Making Me So Sad
(DBN)

Amazon didn't kill Toys 'R' Us. Here's what did
(DBN)

Toys 'R' Us just killed our childhood, from bikes to trains to video games
(DBN)

Toys 'R' Us is just the latest nostalgic retailer to die
(DBN)

Retail's Bankruptcy Pandemic May Have Peaked, But It's Not Over Yet
(DBN)

All the Big Retailers That Have Declared Bankruptcy in the Last 6 Months
(DBN)

Bankrupt Bon-Ton faces two possible fates: Acquisition or death
(DBN)

Sears's Sales Tumble as Financial Pressure Mounts Sears shares jump after company reports a profit for holiday quarter Sears earnings get boost from new US tax law Sears CEO in One Line Reminds Investors Why They Should Ignore Earnings Report
(DBN)

Best Buy is punishing customers who return too many items — and it's a disturbing trend sweeping across the retail industry
(DBN)

______________

Fraud:

Theranos and its founder Elizabeth Holmes have been charged with fraud by the SEC Theranos CEO Holmes and former president Balwani charged with massive fraud Blood, Fraud and Money Led to Theranos CEO's Fall From Grace 7 Biggest Theranos Lies The Blood Unicorn Theranos Was Just a Fairy Tale SEC Disrupts the Disrupters – Theranos and Its Executives
(DBN)

'Pharma bro' fraudster Martin Shkreli: I want to serve prison in a minimum-security federal camp
(DBN)

$13M Pasco swindler is released from prison. Now he’s accused of passport fraud
(DBN)

______________

Travel:

United mistakenly flies Kansas-bound dog to Japan They were moving from Oregon to Wichita, but an airline mix-up sent their dog to Japan
(DBN)

United Airlines: Owner of dog that died in overhead bin told flight attendant pet was in the bag
(DBN)

Tips for Keeping Your Tech Running Smoothly on the Road
(DBN)

Airlines Could Start Charging Based On Online Shopping Habits, Experts Say
(DBN)

Flight fees are on the rise — here’s how to avoid them
(DBN)

______________

Healthcare:

US Health Care Costs Double Other Countries
(DBN)

Alexander's ACA market stabilization proposal
(DBN)

Inside a drug pricing contract
(DBN)

______________

Corporate Reform:

US Senate approves bill rewriting post-crisis bank rules Senate passes bill that roll back some Dodd-Frank banking rules The Senate is quietly about to pass the biggest rollback of Wall Street regulations since the financial crisis
(DBN)

Senate vote to weaken Dodd-Frank risks another financial crisis
(DBN)

Wall Street Deregulation Tears Apart Dems
(DBN)

______________

Radio:

Radio Giant iHeartMedia Files for Bankruptcy Largest U.S. radio company iHeartMedia files for bankruptcy iHeartMedia Files for Bankruptcy IHeart Files for Bankruptcy With Last-Minute Creditor Deal San Antonio's radio powerhouse iHeartMedia files for bankruptcy iHeartMedia's Chapter 11 Filing: What Happens Next for the Radio Giant First Day Dec
(DBN)

The Real Plum In The IHeartMedia Pie: Clear Channel Outdoor
(DBN)

Thanks, Spotify! Radio Broadcaster iHeartMedia Files for Bankruptcy
(DBN)

______________

Lehman:

Bankruptcy Court's Block Of $1B Lehman Clawback Upheld
(DBN)

______________

Distressed Investing:

Investors challenge Tilton's U.S. bankruptcy plan for her Zohar funds
(DBN)

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Coal:

Coal-state Republicans push longshot coal tax credit
(DBN)

_____________

 


New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (51 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (4 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)

Bankruptcy Jobs:

(1) (2) (3) (4) (5) (6) (7) (8)
(DBN)

Seminars - (Contact us to list your seminar)

______________

Bankruptcy Statistics:

Total Bankruptcy Filings Decline in February 2018
(DBN)

______________

Insiders:

US Supreme Court Holds Clear Error Standard of Review Applies to Determination of a Creditor's Non-Statutory Insider Status
(DBN)

______________

Safe Harbors:

Merit Management Group v. FTI Consulting: Supreme Court Narrows 546(e) Safe Harbor Holding Intermediate Transfer to a Financial Institution Does Not Shield Avoidance
(DBN)

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SCOTUS:

Dodging the Issue: The Supreme Court "Weighs" In On Bankruptcy Law
(DBN)

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Litigation:

Litigation Funding in Bankruptcy Court: An Essential Tool for Maximizing the Value of the Debtor's Estate
(DBN)

Burford Investors Get Rich as Financier Deepens Am Law 100 Ties
(DBN)

Work Product Protection for Legal Finance
(DBN)

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Arbitration:

2nd Circuit finds bankruptcy claim non-arbitrable
(DBN)

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Trustees:

The Barton Doctrine and Trustee Immunity
(DBN)

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Means Test:

Updated Census Bureau Data
(DBN)

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Insiders:

In “Non-Statutory Insider” Case, Supreme Court Clarifies the Standard of Review for Mixed Questions of Law and Fact
(DBN)

U.S. Supreme Court Bolsters Clear Error Standard for Mixed Questions of Fact and Law
(DBN)

______________

Politics:

PA: Lamb Declared Winner in Special Election House Republicans try to calm GOP fears after apparent upset in Pennsylvania's Trump country Republicans sound alarm as Democrats claim Pennsylvania win Pennsylvania's special election, by the numbers After embarrassing election in Pennsylvania, Republicans wonder whether tax cuts will save them in November ‘Chaos and anarchy’: PA Republican rep. lambastes ‘deplorable’ Trump for firing Tillerson hours before election Pennsylvania Republican: GOP running into ‘hurricane-force’ headwinds 5 Lessons From the Pennsylvania Special Election Pennsylvania Sends Tough Message to Republicans Conservatives totally reversed their message on Democrat Conor Lamb once it became clear he's likely to win the biggest election this year
(DBN)

The Democratic blue wave
(DBN)

Tillerson's Humiliating Exit Was Vintage Trump
(DBN)

Where Did the Inauguration Money Go?
(DBN)

Trump boasted to donors about making up facts during talks with Trudeau
(DBN)

“Trump Wants Them Out of There”: After Swinging the Axe at Tillerson, Trump Mulls What to Do with McMaster, Sessions, Jared, and Ivanka A White House 'blood bath' simmers as H.R. McMaster is reportedly at the front of Trump's firing line
(DBN)

The mood inside the White House is the worst it's ever been, with staffers calling it 'the most toxic working environment on the planet'
(DBN)

Rand Paul might have just tripped up Gina Haspel's nomination to be the next CIA director Rand Paul Opposes Pompeo for State McCain: Trump’s CIA pick was involved in ‘one of the darkest chapters in American history’
(DBN)

GOP Gov. John Kasich: 'As an American,' I'm concerned about frequent Trump Cabinet changes
(DBN)

FBI Now Wants McCabe Fired -- Days Before Retirement FBI officials recommend former deputy director McCabe be fired, source says
(DBN)

Judge duns U.S. Rep. Bobby Rush for delinquent loan, taps his congressional pay
(DBN)

Pruitt Spent $40K on EPA Private Phone Booth
(DBN)

Trump wants Boeing to build stealth F-18s for a 'good price' — but they don't exist
(DBN)

The sex politics roiling the GOP are coming to a head in Missouri this week as Trump rallies for a Senate candidate
(DBN)

Hillary Clinton's Trickle-Down America
(DBN)

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Marijuana:

What To Expect From DOJ Shift In Marijuana Enforcement
(DBN)

______________

UK:

Toys `R' Us UK Dismisses Staffers as Hunt for a Buyer Fails All Toys "R" Us shops to shut in Britain
(DBN)

Theresa May expels 23 Russian diplomats in retaliation for poisoning of former spy with nerve agent Theresa May kicks out 23 Russian spies from the UK and blasts Putin’s ‘contempt’ for Salisbury poisoning
(DBN)

Gordon Ramsay’s shamed father-in-law faces going bust after legal costs of £2million
(DBN)

______________

EU:

EU Commission proposes stricter requirements for banks saddled with bad loans
(DBN)

EU Commission proposes measures to speed up offloading of banks' bad loans
(DBN)

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PIIGS:

Greece sells short-term debt as it looks to post-bailout era
(DBN)

A Fight is Brewing to Carve Up Italy's Bankrupt National Airline
(DBN)

______________

Canada:

Toymaker Trying to Rally Industry to Bid on Toys ‘R’ Us Canada
(DBN)

Toys “R” Us says Canadian stores will stay open, even as U.K. operations shutter
(DBN)

______________

India:

NCLT says there cannot be absolutism by IRP, creditors in insolvency resolution
(DBN)

India central bank chief calls for more powers over state lenders in wake of fraud
(DBN)

India's steel industry on the verge of realignment
(DBN)

LIC a big investor in many companies in bankruptcy process
(DBN)

India Considers Barring 91 Loan Defaulters From Leaving the Country
(DBN)

Punjab National Bank's woes shake confidence in state lenders
(DBN)

______________

Venezuela:

Venezuela’s Hyperinflation Is Breaking Deli Scales
(DBN)

Venezuela’s zoo animals are starving, and a one-time actor wants to airlift them out
(DBN)

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Germany:

Fast-growing German seafood supplier slides into insolvency
(DBN)

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Bulgaria:

13 Municipalities are Facing Bankruptcy, 49% of the Spending goes to Salaries
(DBN)

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China:

A Mysterious, Debt-Laden Oil Company Draws China’s Scrutiny
(DBN)

Here Are the Names in the Mix to Become China's Most Powerful Banker
(DBN)

LeEco Listed Unit Chairman Resigns
(DBN)

______________

Hong Kong:

Noble warns investors over new rescue plan Noble Group clinches debt restructure agreement Noble creditors ink deal on restructuring
(DBN)

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Coatia:

1.8-3.8 Billion Euro Available to Agrokor Creditors
(DBN)

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Brazil:

Brazil's Oi wins ruling in battle with shareholder Pharol
(DBN)

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Mexico:

Calls for probe of Mexico state pension fund investment after Reuters report
(DBN)

______________

Australia:

Toys 'R' Us closure put 2700 Australian jobs under a cloud
(DBN)

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South Korea:

GM Korea Union to Seek Wage Hike Despite Closure Threat GM's South Korean union seeks job, plant security in exchange for wage concessions
(DBN)

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