March 23, 2018

The Daily Bankruptcy News

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Law:

Kirkland tops Latham as highest-grossing firm: Both firms pass $3B mark There’s A New Biggest Law Firm (By Gross Revenue) In Town
(DBN)

Why Latham's Scandal Isn't BigLaw's #MeToo Moment Search Begins for Latham's Next Leader
(DBN)

GE Inks Legal Outsourcing Deal With UnitedLex, Eying Big Savings A Look at What's in Store for GE's In-House Counsel After UnitedLex Deal
(DBN)

Finally Finishing Unfinished Business?
(DBN)

Just How Many Biglaw Leaders Are Involved In Extramarital Affairs?
(DBN)

Chadbourne Lauds Efforts by Its Own Accuser in Settled Bias Case
(DBN)

Baker & Hostetler Elects New Chairman for First Time in 14 Years
(DBN)

New bar exam data released: Pass rate up almost 3 percentage points
(DBN)

Savannah Law School will close, students and faculty are told Yet Another Law School Is Going Out Of Business
(DBN)

EPA Chief Scott Pruitt’s Daughter Is A First-Year Student At An Elite Law School
(DBN)

Ogletree Deakins hit with malpractice verdict; punitive damages phase begins
(DBN)

Which Solo And Small Legal Practice Areas Will Go The Way Of The Dry-Cleaning Industry?
(DBN)

Jeffrey Toobin Tells Alan Dershowitz, ‘This Is Not Who You Used To Be,’ On Live Television
(DBN)

Lawmakers Pass ‘Sara’s Law’ To ‘Protect’ Attorneys In Least Effective, Most Insulting Way Possible
(DBN)

How To Crush Your Phone Interview.
(DBN)

John Dowd to Leave as Trump's Top Lawyer in Russia Probe Trump's top lawyer John Dowd resigns as Trump becomes unhinged over Mueller's investigation Trump Lawyer Resigned After Friction Over DiGenova, Sources Say John Dowd Resigns as Trump’s Lead Lawyer in Special Counsel Inquiry John Dowd Quits As Lead Trump Lawyer in Mueller Probe Trump lawyer John Dowd resigns; legal team will continue to cooperate in Russia probe John Dowd Resigns. And Now We’ll See The Power Of This Fully Armed And Operational Battle Twitter. House Intel Committee votes on party lines to release Russia report We read the whole report Republicans just released on the House Intel Committee's Russia investigation — here are the main points House committee found ‘ill-advised’ WikiLeaks contacts but no collusion, GOP report says Mueller just scored a massive win in the Russia investigation Trump legal team shake-up clears path for possible Mueller interview
(DBN)

How to watch the 60 minutes interview with Stormy Daniels Stormy Daniels’s Lawyer Demands Trump’s Business Retain Documents Here are all of the allegations a former Trump's Own Arrogance May Have Saved Him From Committing a Crime in Alleged Karen McDougal Affair Karen McDougal’s CNN Interview Definitely Violated Her Contract, But She’ll Still Come Out Ahead Playboy model made about her alleged affair with Trump Trump Tried To Pay Her
(DBN)

Video shows final seconds before fatal Uber self-driving car crash What will happen if we just accept that a certain number of pedestrian deaths are an inevitable part of adopting autonomous vehicles? Criminal Record and Crash Video Put Focus on Uber Test Operator Uber Crash: Catastrophic Failure of System
(DBN)

Tx. Bomber: Nice Kid from a Great Family
(DBN)

Citigroup will stop doing business with companies that allow certain gun sales — here's the memo They survived the “first” school shooting at Columbine. They have feelings about Parkland Parkland Students' Manifesto How the Parkland teens spearheaded a worldwide movement Companies are taking action on gun control because the government won't: CNBC survey A city that makes guns confronts its role in the Parkland mass shooting
(DBN)

The Hollywood structure creates a Catch-22 for women
(DBN)

8 Helpful Hints On What Not To Say (Or Do) To A Pregnant Employee
(DBN)

Lawyer quits law to become a clown
(DBN)

17-year-old smashed her car into driver's license exam office during test
(DBN)

Florida Man Arrested For Tossing A Bomb Into Yard To Kill Man’s Chickens
(DBN)

Federal Judge Demands Trump Turn Over Names of Transgender Ban Architects by Midnight
(DBN)

Can Alexa Testify Against You?
(DBN)

Former Fox News Anchor Files Defamation Lawsuit Against Bill O'Reilly
(DBN)

Married Lawyers Who Stabbed And Tortured Law Firm Partner Are Doing Major Jail Time
(DBN)

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Judges:

Impeachment threat for redistricting ruling is attack on independence, top state justice says
(DBN)

The North Carolina legislature is attacking judges who rule against it
(DBN)

Stephen Colbert Pumps Iron With 85-Year-Old Ruth Bader Ginsburg Stephen Colbert Can’t Handle Justice Ruth Bader Ginsburg’s Workout Routine
(DBN)

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Wall Street:

Dow looks headed for a 200-point drop at the open as trade war fears intensify Volatile Dow heads for another sharp drop as trade-war fears trigger global stock rout Stock market's tumble showing signs of panic-like selling Here’s why the stock market took the China tariffs so hard
(DBN)

Global markets are tanking Global markets slump as trade tensions escalate
(DBN)

Dow skids below level at 24000 as blue-chip stocks close with 724-point loss Stocks tumble to worst day in six weeks after Trump tariff action US stocks are dangerously close to the bad old days
(DBN)

Why the stock markets are tanking
(DBN)

Cramer: This decline isn't about the Fed. It's about Trump and the elites
(DBN)

The market is having a hard time adjusting to a new day at the Fed
(DBN)

Market breaking down again: Half of the S&P 500 in correction territory
(DBN)

Financial markets are not ready for a 'dangerous' trade war
(DBN)

A bet on rising rates and financials isn't working, as White House and the Fed cloud the picture
(DBN)

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Layoffs:

Walmart Launches Army Of Scanning Robots
(DBN)

Scottrade layoffs climb to over 1,000
(DBN)

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Retailing:

Some Toys ‘R’ Us Stores May Be Worthless, Deutsche Bank Says
(DBN)

Toys 'R' Us founder Charles Lazarus dies amid bankruptcy Who is Charles Lazarus? Toys 'R' Us Founder Dies At 94
(DBN)

Chaos ensues as eager customers show up to Toys R Us clearance sales only to find they've been postponed with no warning Toys R Us tells shoppers 'no deals,' delays liquidation for at least a day
(DBN)

R.I.P. TRU? Maybe, Maybe Not
(DBN)

What Your Advisor May Have In Common With Toys 'R' Us
(DBN)

Toys R Us: What went wrong (Part 2)
(DBN)

Toys 'R' Us Didn't Die Naturally, It Was Suffocated
(DBN)

This billionaire wants your help — and $800 million — to save Toys R Us Would you donate to stop Toys 'R' Us closing? A GoFundMe needs $800M
(DBN)

CEO of toy company in longshot effort to save Toys ‘R’ Us Bid to save Toys R Us won't solve its problems
(DBN)

Why Toys R Us May Signal The Start Of An Insolvency Spike
(DBN)

Parents-to-be left in the lurch as Babies R Us closes, rivals look to lure baby registry customers
(DBN)

Claire's private equity owners come under fire in bankruptcy
(DBN)

Sears exchanges debt, freeing up millions
(DBN)

Wells Fargo Agents Revolver as Part of DIP for The Walking Company
(DBN)

What a Chapter 11 retail bankruptcy looks like on the ground
(DBN)

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Economy:

Fed’s Mission Improbable: Lift Unemployment—but Avoid Recession
(DBN)

Kansas City Fed: Regional Manufacturing Activity "Continued at a Solid Pace" in March
(DBN)

Weekly Initial Unemployment Claims increase to 229,000
(DBN)

Positive Views of Economy Surge, Driven by Major Shifts Among Republicans
(DBN)

Jerome Powell drops a major hint into the true state of the job market — and it suggests the Fed is making a big mistake
(DBN)

U.S. to Apply Tariffs on Chinese Imports, Restrict Tech Deals 'Don't do it': Top corporate brass tell CNBC survey that Trump's trade war is a mistake Trump's latest step towards a trade war threatens to make one of the market's biggest fears even worse Trump just slammed China with tariffs on $50 billion worth of goods in a move that 'could escalate into a global trade war' Dow plummets almost 500 points as Trump's China tariffs ignite fears of trade war Trump launches the second phase of his trade war Trump slaps China with about $60 billion in tariffs: 'This is the first of many' Commerce secretary: We expect some retaliation from new China tariffs but it won't be the ‘end of the earth’ US could target 10 Chinese industries including new-energy vehicles, biopharma U.S. soybeans would be China’s biggest weapon in a trade war Trump's big tariff blow on China may cause a backlash against Boeing Trump’s $60 billion tariffs on China are his biggest — and riskiest — trade move yet China Responds to Trump Tariffs A trade war is 'a war you just can't win': US industries hit out at Trump tariffs China slaps reciprocal tariffs on U.S. imports China hits back at up to $60 billion in US tariffs with only $3 billion of its own In a U.S.-China trade war, Trump voters likely get hurt the most
(DBN)

Canada says it's optimistic about NAFTA talks, but it's also diversifying trade ties
(DBN)

U.S. tariffs are among the lowest in the world – and in the nation’s history
(DBN)

How China invited a trade war
(DBN)

Americans Rate China, U.S. as Leading Economic Powers
(DBN)

The market is trying to tell Trump something…
(DBN)

Trump will exempt EU, other allies from steel and aluminum tariffs — for now
(DBN)

10-year Treasury yield drops the most in 6 months to below 2.8%
(DBN)

The bond market is doing something it’s never done before, and it could stop the Fed in its tracks
(DBN)

House passes massive $1.3 trillion spending bill Mulvaney: Trump will sign the spending bill Congress doesn't love the spending bill, but it passed anyway Winners and Losers in $1.3T Spending Bill The Spending Deal: $1.3 Trillion, 2,232 Pages, One Messy Process Debtor Nation: Congress Approves A Staggering $1,300,000,000,000 Budget
(DBN)

Here's how you stack up against the average income in your state
(DBN)

How much it costs a single person to live in the 15 largest US cities
(DBN)

America's Changing Workforce: Independent and Gig Workers
(DBN)

Wisconsin Jobless Rate Falls to 2.9%
(DBN)

Insolvency, not liquidity, is the problem
(DBN)

Trump urged to push ahead with trillion-dollar infrastructure plans by global finance execs
(DBN)

The 5 Biggest Market Risks That Billionaires are Hedging Against
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Rising U.S. Home Prices
(DBN)

Rents are rising at the fastest pace in almost two years
(DBN)

How One Houston Suburb Ended Up in a Reservoir
(DBN)

Housing Inventory Tracking
(DBN)

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Municipalities:

Puerto Rico Grid Repairs Wind Down Despite Unfinished Work
(DBN)

Higgins takes on tough task in Puerto Rico
(DBN)

Puerto Rico Wins Deal With Mnuchin to End Impasse Over Loans
(DBN)

State reaches agreement to pay off Hartford's debt
(DBN)

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Oil/Gas:

TX: Oil Drilling Causing the Land to Sink
(DBN)

Chevron’s lawyer, speaking for major oil companies, says climate change is real and it’s your fault
(DBN)

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Entertainment:

Weinstein Co.'s bankruptcy could bring new wave of accusers
(DBN)

Bankruptcy Filing Shows Hedge Funds With Stake in Weinstein & Co.
(DBN)

Union Bank Provides $25MM DIP Financing to Weinstein Co.
(DBN)

Judge Grants Initial Motions in Weinstein Co. Bankruptcy
(DBN)

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Mass Torts:

1 year after Cameo mass shooting, bankruptcy, many lawsuits, a pending trial
(DBN)

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Celebs:

Duane and Tisha Campbell-Martin Blame Bankruptcy Fiasco on Divorce
(DBN)

Former Cardinals slugger Jack Clark files for bankruptcy, again
(DBN)

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Food/Beverage:

Union says Tops plans to cut payments to employee pension plan
(DBN)

The new era of grocery just claimed its first victims
(DBN)

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Agriculture:

More farmers and ranchers turning to Chapter 12 bankruptcy
(DBN)

Changes to Chapter 12 Bankruptcy May Increase Farmers’ Ability to Reorganize in Bankruptcy
(DBN)

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Awards:

The American College of Bankruptcy Announces 2018 Distinguished Service Award Recipient
(DBN)

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Currency:

Inside the bizarre upside-down bankruptcy of Mt. Gox
(DBN)

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Tech:

Silicon Valley Is Begging For Wall Street-Style Regulation Facebook's nightmare is about to get a lot worse Steve Bannon blames Brits educated at Oxford and Cambridge for the Facebook data scandal Mark Zuckerberg’s leadership called into question over Facebook controversy
(DBN)

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Autos:

Tesla Model 3's Continuing Production Crisis
(DBN)

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Religion:

Bankruptcy judge approves $25M Crosiers abuse settlement
(DBN)

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New Bankruptcy Opinions
(10 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (18 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (6 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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Appeals:

U.S. Bank National Ass’n v. Village at Lakeridge: Reviewing Mixed Questions of Fact & Law
(DBN)

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Litigation:

Major eDiscovery Companies Merge To Create 2,500-Employee Global Operation
(DBN)

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Politics:

Mark Zuckerberg is 'sure' that Russia is using Facebook to meddle in the US midterm elections
(DBN)

Trump's staff turnover is higher than any administration in modern history
(DBN)

Trump Labor Board Member Forgot About Conflict of Interest, Watchdog Says
(DBN)

National security adviser H.R. McMaster is out; John Bolton set to replace him How Trump finally pulled the trigger to oust McMaster People are freaking out after John Bolton was picked to become Trump's national security adviser What John Bolton's Appointment Really Means Bolton bombshell: the clashes to come What John Bolton Thinks About North Korea, Russia, Iran Bolton’s World View: Bomb Iran, Strike North Korea First
(DBN)

New List: Everyone Who Left the White House
(DBN)

Judge Tells Scott Walker He Can’t Block Special Elections in Wisconsin
(DBN)

Stock Market as Barometer of Policy Success
(DBN)

Trump Fundraiser Offered to Help Lift Sanctions on Russian Firms
(DBN)

‘Highly Overblown’: Trump Says There is No Anti-Conservative Free Speech Crisis on College Campuses
(DBN)

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Tech:

Cambridge Analytica and its many scandals, explained
(DBN)

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Bankruptcy Crimes:

Woman Facing Fraud Charges After Allegedly Faking Bankruptcy Documents
(DBN)

Woman indicted on bankruptcy fraud charges
(DBN)

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Healthcare:

Health Care Bankruptcy Leaves Big Law in the Lurch
(DBN)

New Braunfels retirement-community operator enters bankruptcy
(DBN)

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Hotels:

What happens to Missouri Sports Hall of Fame, Hammons Field under bankruptcy plan
(DBN)

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Education:

McNally Smith assets up for sale in bankruptcy auction
(DBN)

In-debt Phoenix charter school fighting to stay open
(DBN)

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Personal Finance:

I was part of the 1%—then my husband left and everything changed Jaimie Seaton, Contributor
(DBN)

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Student Debt:

You may soon be able to declare bankruptcy on your student loans—here's how
(DBN)

Student Loans: The Modern-Day Debtor’s Prison (A “Certainty of Hopelessness” Standard for Discharge?!) and a Tax Glitch
(DBN)

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Biofuels:

Even Without Trump-Brokered Deal, Refiners Get Biofuel Relief
(DBN)

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Private Equity:

Toys 'R' Us, iHeartMedia Haunt Buyout Firms Sitting on Trillion-Dollar Cash Pile
(DBN)

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Radio:

iHeart sued in bankruptcy
(DBN)

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UK:

Millions Left Marooned by Brexit Inside the Secret Plot to Reverse Brexit
(DBN)

Retail CVAs – update for landlords
(DBN)

New Look in spotlight as property sources criticize CVA
(DBN)

UK consulting on insolvency protection for suppliers
(DBN)

Some the best perks legal London has to offer
(DBN)

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Mexico:

Hundreds of schools have shut down in a Mexican tourist haven after bandits broke in and forcibly cut students' hair
(DBN)

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India:

India's insolvency challenge: Is a resolution in sight?
(DBN)

IBC should lead to resolution, not be hostage to litigation
(DBN)

Tata Steel named selected bidder to acquire Bhushan Steel Tata's Bid for Bhushan Steel Is Said to Be for $5.3 Billion
(DBN)

Insolvency resolution stumbles on 4 key issues raised by prospective buyers
(DBN)

Litigation hurdles abound for RBI-recommended insolvency cases at NCLT
(DBN)

$210 billion bad loans: Narendra Modi government may soon ease bankruptcy deadline for defaulters
(DBN)

SBI Chairman Says Challenges Won't Derail Insolvency Process
(DBN)

Modi’s bad loan clean-up drive is good business for this distressed debt trader
(DBN)

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MENA:

Saudi tycoon's creditor banks weigh multi-billion dollar debt deal
(DBN)

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