March 21, 2018

The Daily Bankruptcy News

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Law:

Weinstein Company's Bankruptcy a Graveyard for Big Law Bills The Biglaw Firm With The Most To Lose In The Weinstein Company’s Bankruptcy
(DBN)

Associate Bonus Watch: Biglaw Firm Gives Majority Of Associates Bonuses Bigger Than Cravath Scale
(DBN)

Latham Chair Steps Down Immediately Over 'Communications of a Sexual Nature' Latham & Watkins Chair Resigns, Admits To Lewd Messages Latham’s chair resigns and retires after disclosing ‘communications of a sexual nature’ Latham & Watkins Chair Resigns Latham Chair Resigns Amid Revelation of Personal, 'Sexual' Conduct
(DBN)

US News law school rankings are released; Pepperdine’s mistake costs it a ranking
(DBN)

Majority Of Recent JDs Think There’s Too Much Emphasis On Rankings
(DBN)

Law School Horror Story Or Badge Of Honor? You Decide!
(DBN)

Is Law School Worth It? Mid-Career Money After Attending A Top School
(DBN)

The Doctor Will See You Now — Juris Doctor, That Is
(DBN)

First a Big Law Innovation, Then a Split
(DBN)

Does Your Firm's Content Say the Same Things As The Next Firm?
(DBN)

Legal Tech Gets Its First Celebrity Spokesperson: Lindsay Lohan
(DBN)

3 Things Law Firms Could Learn from Software Engineers
(DBN)

Trump Not Immune in Defamation Suit by Former 'Apprentice' Contestant Who Claimed She Was Groped Judge rules former ‘Apprentice’ contestant’s suit against Trump can proceed while he is president ‘No One Is Above The Law,’ Declares Court Allowing Defamation Suit Against Trump To Proceed Lawyer’s failure to explain fine print nixes deal to stay silent on Trump, ex-Playboy model says Playboy model sues to speak about alleged affair with Trump Judge rules Trump must face defamation lawsuit from ex-'Apprentice' contestant Trump loses bid to kill lawsuit of woman alleging he assaulted her Trump May Be Deposed in 'Apprentice' Groping Lawsuit Trump’s Stormy History: The Seven-Year Battle Between the President and Stormy McDougal Sues To Break Silence on Trump Stormy Daniel's Three-Way (Contract) & Donald Trump's Performance Problem
(DBN)

Trump Contemplates Axing Ty Cobb, His Only Competent Attorney Senate Republicans on Trump's tirade against Mueller: ¯\_(?)_/¯ Trump legal team looks to add superstar lawyer Gibson Dunn Partner: Ted Olson Won't Join Trump Legal Team Ted Olson Quickly Rejected Offer To Join Trump Legal Team Who is Ted Olson ? A top Republican senator just delivered a big warning to Trump on firing Mueller House Speaker Ryan Says Trump Won't Fire Special Counsel in Russia Probe Mitch McConnell breaks silence on Trump's assault on Mueller, says he 'should be allowed to finish' Republican Sen. Flake warns impeachment is the 'only' remedy if Trump fires Mueller Trump tweets skepticism about Mueller's appointment Dershowitz: Mueller performing 'legal colonoscopy,' never should have been appointed Trump Considers Reshuffling Legal Team as He Takes On Mueller More Aggressively Trump's legal team pushes back on reports of shakeup as Mueller probe heats up Newt Gingrich: Trump is making Robert Mueller 'more important' by tweeting about him Trump's lawyers had first face-to-face meeting with Mueller's team days before president's weekend Twitter tirade Trump’s lawyers have turned over documents to Mueller with hopes of limiting interview scope 'Like throwing gasoline onto a fire': Trump is poised to shake up his legal team as he goes on the offensive against Mueller James Comey Weighing Hollywood Offers for Memoir Trump-appointed FBI Director Christopher Wray: The president 'never asked me to do anything with the Russia investigation'
(DBN)

The case for indicting presidents, as made by Trump's new lawyer Trump's New Lawyer Is Someone I Remember Well Joe diGenova, Trump lawyer, says FBI Director Christopher Wray is "an embarrassment"
(DBN)

The Correlation Between Gun Laws and Gun Deaths
(DBN)

2 students reported injured at school shooting in Maryland that was interrupted by school resource officer
(DBN)

#MeToo Movement Keeps Employment Lawyers Busy
(DBN)

Ex-Counsel Can’t Swap Sides
(DBN)

Austin package bombing suspect reportedly killed after explosion, police shooting Suspect in Austin bombings is dead: reports Austin bombings suspect killed himself with an explosive device after confrontation, police say 'Military type ordinance' injures a man in Austin, Texas, rattling community already on edge over deadly package bombings Texas is grappling with a wave of package bombings — here's what's happened so far
(DBN)

Couple wrongly accused of hoax in kidnapping by Harvard law grad settle suit for $2.5M
(DBN)

‘Marshall’ provides plenty of trial practice pointers
(DBN)

Lindsay Lohan Makes Career Comeback(?) As Spokesperson For Lawyer.com
(DBN)

Lawyer with ‘Pattern’ of Late Payments Disbarred
(DBN)

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Judges:

BK DE Closed For Weather BK NJ Closed BK ED NY Closed BK SD NY Closed BK ED PA Closed
(DBN)

BK SD FL: Courthouse Beacon Newsletter
(DBN)

Ex-judge is accused of stealing drug court money to pay woman to change sexual favors story
(DBN)

PA: GOP Legislator Wants Justices Impeached
(DBN)

Trump’s appointed judges are a less diverse group than Obama’s
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Wall Street:

U.S. stocks set for decline ahead of Fed’s moves US stock futures pause for breath as Fed decision takes center stage
(DBN)

FTSE 100 loses ground as retailers drop, with Fed decision in focus
(DBN)

U.S. stocks close higher as eyes turn to Fed statement
(DBN)

Fund managers see 'cracks in the bull' market as trade war fears escalate
(DBN)

The Fed easily could make stocks spring higher, says J.P. Morgan
(DBN)

Historic jump in ‘fear index’ in February sounds a stock-market warning
(DBN)

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Layoffs:

Ditech Financial says it will lay off 116
(DBN)

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Celebs:

Warren Buffett is so frugal with Berkshire Hathaway's money he pays for his own postage
(DBN)

Billionaire Warren Buffett: Doubling your net worth won't make you happier
(DBN)

16 Celebrities Who've Gone Broke Or Declared Bankruptcy
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Travel:

Airlines offer free date changes as spring snowstorm threatens travel
(DBN)

United suspends pet cargo service after in-flight animal deaths double in just one year
(DBN)

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Autos:

Tesla shares skid into a bear market amid a ‘make-or-break year’ for automaker, says market watcher
(DBN)

Authorities Raid BMW HQ in Diesel Scandal
(DBN)

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Education:

Chinese Companies Are Buying Up Cash-Strapped U.S. Colleges
(DBN)

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Lehman:

Lehman RMBS Settlement Likely to Spur Additional Claims
(DBN)

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Biofuels:

Trump administration may leave biofuel reform to lawmakers - Perdue
(DBN)

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Musical Instruments:

Beloved Guitar Maker Gibson Faces Crushing $560 Million Debt
(DBN)

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Tech:

The richest tech CEOs lost $12 billion on Facebook’s fall from grace The backlash against Facebook destroyed $40 billion in market value U.K. officials are seeking a warrant to search the offices and computer systems of Cambridge Analytica Under new rules, potential UK fines against Facebook could be huge 'Breach' Or Not, Facebook In Legal Hot Water Over Data Use The power players behind Cambridge Analytica have set up a mysterious new data company Some Facebook employees are angry that Mark Zuckerberg has ghosted in the middle of this scandal Where is Mark Zuckerberg? Suspended Cambridge Analytica CEO reportedly used the N-word in an email to describe potential clients All the times Cambridge Analytica gave brazenly contradictory accounts of its murky work on Brexit Cambridge Analytica's parent company reportedly offered a $1.4 million bribe to win an election for a client Facebook shares slide for third straight day as Cambridge Analytica data breach fallout continues Here's everything you need to know about the Cambridge Analytica scandal Facebook's Stock Price is in Free Fall Mark Zuckerberg Has Now Lost $9 Billion In Net Worth Thanks To Embarrassing Data Loss Scandal Mark Zuckerberg’s Week Is Going From Nightmare To “Senator Warren Has A Question”
(DBN)

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Economy:

Jerome Powell’s first meeting as Fed chairman has Wall Street on edge — here are 3 key factors to watch Fed Chairman Powell's first meeting could bring on more market volatility
(DBN)

Total American net worth ratio reaches new high — which in the past signaled a recession was not far away
(DBN)

U.S. Job Openings Increased in January
(DBN)

Gallup: The Unhappy States of America
(DBN)

Expect higher interest rates and smaller gain for stocks in 2018: CNBC survey
(DBN)

The Fed can chill: Inflation isn’t coming back this year
(DBN)

President Trump appoints a new economic adviser - Larry Kudlow is the quintessential member of the Republican Party’s business wing
(DBN)

Banks finally starting to increase savings rates as Fed tightens
(DBN)

Industrial Production Increased Slightly in February
(DBN)

Trump could deal China a trade blow that's twice the size of his top aides' original plan Trump's tariffs could trigger a trade war with US allies this week Here's the only strategy you'll need if a trade war breaks out, says Barclays On tariffs, many farmers break sharply with Trump For heartland farmers, Trump support gets snagged on trade, tariffs Europe's pitch to Trump: You already have a good trade deal A lose-lose trade war looms between America and China - If China cannot placate Donald Trump, it will fight him instead Trump set to propose new trade restraints, tariffs against China on Thursday China may have just signaled the US product it will retaliate against Reince Priebus: Tough trade talk is not populism or nationalism. 'This is Trumpism' Trump Can't Win a Trade War Alone Which U.S. states are most exposed to the EU’s retaliatory tariff proposal? U.S.-China Trade War Would Take a Bite From Both Economies Trump's trade policies cater to 'a sub-group of the population,' economist says
(DBN)

Australia's trade minister calls for a reinforcement of the global trade order
(DBN)

At G-20, Trump team shows no sign of backing off ‘America First’
(DBN)

Goldman Sachs: 'Machines have replaced humans' — and their impact on the next financial crisis could be devastating
(DBN)

Republicans scramble to release spending bill as government shutdown deadline nears House expected to vote on omnibus spending Thursday US lawmakers seek to finalize spending bill as wintry storm threatens to snarl Washington
(DBN)

The suddenly hot job market for workers over 50
(DBN)

A forgotten financial metric is closing in on crisis-era levels — and it could set everything 'in reverse'
(DBN)

How much you have to earn to be considered upper-class
(DBN)

Larry Kudlow Knows What The President Wants To Hear
(DBN)

The biggest beneficiary of the new tax changes just might be the accountants
(DBN)

Chemical Activity Barometer Increased in March
(DBN)

Same family income, same street, but the black boy still grows up to earn less
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Get ready for most competitive spring home buying season since the Great Recession
(DBN)

Mortgage Equity Withdrawal slightly positive in Q4
(DBN)

Demographics: Renting vs. Owning
(DBN)

U.S. Starter Homes Are Scarcer, Pricier, Smaller and More Run-Down
(DBN)

Citigroup Says CEO Was Unaware of Loan When He Met With Kushner
(DBN)

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Municipalities:

Puerto Rico GO bond hits five-month high
(DBN)

Puerto Rico's PREPA gets energy industry veteran Higgins as new CEO
(DBN)

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Oil/Gas:

Seadrill Interest Rate Capped
(DBN)

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Politics:

Trump congratulates Putin on re-election McCain condemns Trump's congratulations to Putin A stunning leak rattles Trump and his aides
(DBN)

Wide Gender Gap, Growing Educational Divide in Voters’ Party Identification
(DBN)

Cambridge Analytica bosses were secretly filmed boasting about how they won Trump the US election — and now the CEO is out Not Even Cambridge Analytica Believed Its Hype Facebook to brief Congress as data scandal rages The feds are reportedly investigating Facebook after the Cambridge Analytica scandal Why Cambridge Analytica was eager to play in the world’s largest democracy Reince Priebus says he doubts claims about Cambridge Analytica's importance to Trump campaign
(DBN)

Ben Carson blames his wife for his $31,000 furniture The strange saga of Ben Carson and his table
(DBN)

Trump’s Energy Secretary to Congress: Please ignore my boss
(DBN)

DC councilman apologizes for promoting conspiracy theory that weather is controlled by Jews
(DBN)

New documents show nearly $68,000 in recent premium flights, hotel stays for EPA’s Pruitt
(DBN)

Fox News analyst quits, calling network ‘propaganda machine’
(DBN)

Breitbart Readership Plunges
(DBN)

Judge Blasts Kobach Over Suspended Voters
(DBN)

Holocaust Denier Wins GOP Congressional Primary
(DBN)

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Retailing:

'It rips my heart out': Dairy company CEO says Whole Foods killed off his business by abruptly canceling a 7-year contract
(DBN)

Toys 'R' Us says 'making every effort' to pay vendors
(DBN)

Toys R Us owes pregnant women a ton of money — and it's refusing to pay up
(DBN)

Top toy makers are trying to stop Toys R Us from kicking off liquidation sales Dozens of toy suppliers object to Toys 'R' Us liquidation plan Toys R Us wins court approval for liquidation, as vendors call the plan unfair
(DBN)

Toys R Us: What went wrong?
(DBN)

The End Of An Era
(DBN)

What's for Sale at Toys ‘R’ Us? For Amazon, Reportedly Some Entire Stores
(DBN)

KB Toys aims to fill the void of Toys 'R' Us
(DBN)

Nordstrom ends talks with Nordstrom family to take company private
(DBN)

Retail Bankruptcy Tracker: Claire’s And Grocers Throw In The Towel
(DBN)

Big Short Against Shopping Malls Is Still on Back Order
(DBN)

Claire’s Bankruptcy Financing Approved
(DBN)

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Weather:

Snowstorm closes federal offices in Washington
(DBN)

Airlines cancel more than 3,000 flights as a snowstorm approaches the Northeast
(DBN)

LA Storm: 30,000 Told to Evacuate Area
(DBN)

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Personal Finance:

Absolutely do not be tempted to pay for college this way
(DBN)

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Food/Beverage:

Deal collapses in former Erie County Farms bankruptcy
(DBN)

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Corporate Reform:

Why Democrats voted to roll back Obama-era banking rules
(DBN)

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Radio:

Bankrupt iHeartMedia Owes Artists $16.4 Million. The Company’s Top Execs Are Getting $15.5 Million In Bonuses This Year.
(DBN)

In The IHeartMedia Bankruptcy, Expect A Major Selloff Of Radio Stations
(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 (21 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (39 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)

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Personal Bankruptcy:

Updated Means Test Information for Cases Filed on and After April 1, 2018
(DBN)

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Plan Confirmation:

Ninth Circuit Affirms “Per Plan” Approach to Interpret “Impaired Accepting Class” for Bankruptcy Plan Confirmation Purposes
(DBN)

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Litigation:

Examining Issues Surrounding Commercial Litigation Finance in Bankruptcy
(DBN)

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Safe Harbors:

Merit Management Narrows Bankruptcy Code Section 546(e) Safe Harbor, But Leaves Undisturbed Critical Safe Harbor Technique Deployed by Many Structured Finance Transactions
(DBN)

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Insiders:

Supreme Court Approves Deferential Review of Bankruptcy-Court Determinations on “Insider” Status
(DBN)

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Discharge:

Restricted vs. Continuing Guaranty and the Section 727(b) Discharge
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Equity Interests:

For equity’s sake: the appointment of equity committees in bankruptcy cases
(DBN)

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Mediation:

Mediators as Persuaders?
(DBN)

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Trustees:

BK MD GA Seeks Ch,. 7 Trustee
(DBN)

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Executory Contracts:

Court Decision Reviews Key Concepts Concerning Executory Contracts
(DBN)

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Entertainment:

Weinstein Co. Falls Into Ch. 11 With All-Asset Sale Plan
(DBN)

The Weinstein Company's Bankruptcy Will Nullify Accusers' Non-Disclosure Agreements
(DBN)

From Weinstein to Trump: What Happens When We Torch NDAs
(DBN)

New Delaware Chapter 11 Filing – The Weinstein Company Holdings LLC
(DBN)

Judge: Weinstein company can pay bills, work toward sale Weinstein Co. Gets Judge’s Approval of $25 Million Emergency Loan
(DBN)

Weinstein Co.'s bankruptcy could bring new wave of accusers Weinstein Company lifts NDAs. Will more victims come forward?
(DBN)

Rose McGowan sends Harvey Weinstein creepy birthday message
(DBN)

Weinstein Company Made $38.5 Million Selling ‘Paddington 2,’ Other Films Weinstein Co Fire Sale: Robert De Niro's 'The War With Grandpa' Sold to Producers for $2.5 Million
(DBN)

Bankruptcy Reveals Wild List Of Who The Weinstein Company Owes Money To: Malia Obama, David Bowie, Michael Bay
(DBN)

The Weinstein Co. declares bankruptcy. Here’s what that means and what could be next.
(DBN)

Weinstein Co. Bankruptcy : Grim Last Days for Troubled Studio Outlined in Court
(DBN)

Summary: The Weinstein Company Holdings LLC
(DBN)

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Healthcare:

Medicaid is rural America’s financial midwife - Medicaid payments allow struggling hospitals to maintain vital costly services
(DBN)

Drug prices are still going through the roof
(DBN)

What’s a Nursing-Home Operator Doing Running an Iron Mine?
(DBN)

HDL bankruptcy trustee looks to freeze assets tied to BlueWave execs
(DBN)

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UK:

The Power of Trends in International Insolvency Law
(DBN)

Government plans crackdown on "reckless directors"
(DBN)

4.3%: UK unemployment falls back to near record lows
(DBN)

U.K. wage growth accelerates in January
(DBN)

Creditors meet to vote on rescue deal to keep New Look fashion chain afloat
(DBN)

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EU:

840,000 retirements: The powerhouse of Europe's biggest economy faces a 5-year succession crisis
(DBN)

Spain threatens to derail the Brexit transition deal over Gibraltar
(DBN)

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PIIGS:

Independent report on the Greek official debt
(DBN)

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Canada:

Multiple offers emerge for Toys "R" Us Canada
(DBN)

'Absolutely dismal': Northern Alberta Métis community grapples with housing crisis
(DBN)

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Venezuela:

PDVSA US Litigation Trust: What Creditors Should Know About the Trust, Its Claims and Its Implications for Venezuela's Restructuring
(DBN)

Report: Russia behind Venezuela's cryptocurrency
(DBN)

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India:

Fleeing billionaires push India to ground alleged defaulters
(DBN)

Lenders of Essar Steel move towards preventing backdoor entry of defaulting promoter
(DBN)

Vulture funds staying away from bidding for distressed companies
(DBN)

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Ghana:

Ghana central bank places Unibank in administration
(DBN)

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MENA:

Prince Alwaleed Reveals Secret Deal Struck to Exit Ritz After 83 Days
(DBN)

Saudi Billionaires Abused While Under Detention During Anti-Corruption Campaign
(DBN)

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Hong Kong:

Noble Group's restructuring likely to cost more than $100m Noble Group Hit by Lawsuit From Top Holder
(DBN)

Companies Judge Strikes Out Winding-Up Petition In Favor Of Arbitration.
(DBN)

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