Daily Bankruptcy News
March 5, 2018


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Law:

Faith Gay Has A Totally Zen Perspective On The John Quinn Email
(DBN)

The No Complaint Rule
(DBN)

Saul Ewing Arnstein & Lehr Further Strengthens its Bankruptcy and Restructuring Practice With Addition of John D. Demmy Saul Ewing Adds Attorney to Bankruptcy Practice Group
(DBN)

Do You Have The Resources To Respond To The Next Economic Downturn?
(DBN)

Former DOJ Lawyer Who Stole Whistle-Blower Lawsuits Saw Scam as an ‘Escape’
(DBN)

Big Law’s Cozy Relationship With Trump Administration
(DBN)

Arnold & Porter Sees Progress on Revenue, Profits After Kaye Scholer Deal
(DBN)

Revenue Inches Up at O'Melveny as Partner Profits Top $2M
(DBN)

Gross Revenue, Profits Per Partner Hit New Highs at Paul Hastings
(DBN)

You Actually Won’t Believe Who Is Suing DePaul Law School For Discrimination
(DBN)

Blank Rome Inks Deal With Accusers in Ponzi Scheme Case
(DBN)

Lawyers argue over apportionment after $1M verdict in BigLaw malpractice case
(DBN)

Results may vary in legal research databases
(DBN)

Ga. Jury Hits Alston & Bird With Malpractice Verdict
(DBN)

Pregnant Law Student Attends Class Via Robot Thanks To This Law School’s Unique Tech Intervention
(DBN)

This Woman Attorney Broke Down An Important Barrier
(DBN)

In-House: It’s Not Just You: Opportunities For Women Are Rare
(DBN)

New Study Reveals No Pay Gap At Top In-House Jobs In The U.S.
(DBN)

Can We Bring Back the Hotties of Law?
(DBN)

Perkins Coie Chief Diversity Officer Theresa Cropper On Community Organizing, Working With Stevie Wonder, And Diversifying The Legal Profession
(DBN)

Assessing AI Products and Managing Expectations
(DBN)

The Rise of the Law Firm Data Analytics Teams
(DBN)

Lawyers And ‘Sugar-Coated’ Job Performance Feedback
(DBN)

SEC dropped inquiry a month after firm aided Kushner company The Kushner loan story is missing a smoking gun Mueller probing whether Kushner's foreign business ties affected White House policies Mueller Requests Documents Tied to Trump Mueller's leaked 'hit list' may indicate he's treating Trump's team like a 'criminal enterprise' Mueller probe subpoenas documents from Trump, top campaign aides: report Mueller reportedly subpoenas one witness's communications with Trump, among others Report: The FBI is scrutinizing one of Ivanka Trump's international business deals Dozens race to register as foreign lobbyists; Fearful of Manafort fate The Mueller stories worth ignoring Mueller's wide scope: how money flows in D.C. Public doesn't trust Trump on midterms meddling Mueller’s Focus on Adviser to Emirates Suggests Broader Investigation Roger Stone: Mueller likely trying to snag Trump over Flynn, Comey firings Putin Won't Extradite 13 Indicted by Mueller Holder predicts Mueller trying to bolster obstruction of justice case Ex-FBI deputy director McCabe will reportedly be criticized for approving Clinton probe media leak
(DBN)

White House on Gun-Law Changes: Not So Fast WH walks back Trump support for universal gun background checks White House: Trump Isn't For Gun Control Trump’s shifting stance on guns leaves lawmakers baffled Schumer: Trump "says what's convenient" on guns Here are all of the retailers that have stopped selling assault-style rifles and changed firearm policies following gun-control activists' protests NRA Has Backed Most State Gun Laws Survivors of the Parkland massacre are getting a crash course in civics Cagle's Unethical Revenge on Delta Airlines Delta CEO Doubles Down on NRA Delta CEO says, 'Our values are not for sale,' after Georgia lawmakers drop tax break Georgia punishing Delta over NRA stance won't help Atlanta's bid for Amazon HQ2 Delta: NRA discount used for only 13 tickets Dick's Sporting Goods expected 'backlash' but got flowers instead Companies change gun policies amid social media uproar BlackRock says it's time to take action on guns, may use voting power to influence Sandy Hook families to Bass Pro Shops: Stop selling assault rifles Florida Senate rejects ban on assault weapons, votes to arm teachers A ban on assault weapons is a lot more complicated than it seems Goldman Sachs' investment in a gun retailer puts it in an awkward position BlackRock went public with the questions that it is asking of gun makers and sellers L.L. Bean raises minimum age for gun purchases to 21 One glaring piece of evidence refutes the claim that playing violent video games causes gun violence Can Gun-Control Advocates Make the NRA Toxic? The NRA is at the center of a brewing controversy over its ties to conservatives' 'favorite Russian'
(DBN)

Justice Department is reviewing California mayor’s tipoff on immigration raid
(DBN)

Kentucky's 'child bride' bill stalls as groups fight to let 13-year-olds wed
(DBN)

Reserve cop goes berserk with gun after woman returns his middle-finger salute
(DBN)

At 101, a Survivor of Hollywood’s Golden Age Throws Down the Gauntlet
(DBN)

Beirut barracks bombing victims and their families are awarded $920M judgment against Iran
(DBN)

Pennsylvania mayor is convicted in scheme to solicit donations in exchange for legal and other work
(DBN)

Former Biglaw Lawyer Goes After Ted Cruz In GOP Primary, Describes His Policies As ‘*#!*&@ Great’
(DBN)

Singer/Professor Tries To Sue Student For Bad Internet Ratings, Fails, Appeals, Fails Again
(DBN)

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Judges:

Stop using photo of Justice Ginsburg to portray your ethics advisers, cryptocurrency company is told
(DBN)

Celebrate Women’s History Month With This Fabulous Ruth Bader Ginsburg Coloring Book
(DBN)

Judge Makes Blunt Statement About Lawyer’s Bizarre Behavior
(DBN)

The Dissenting-est Dissenters on the Modern Court
(DBN)

John Ninfo: On buying clubs, wedding loans and millennials
(DBN)

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Wall Street:

Dow futures wobble on Italian election worries and trade-war fears US stocks set for a mixed open as trade war fears rumble on
(DBN)

Global markets stumble, rattled by trade war fears and political uncertainty in Italy Reuters 1 Hour Ago
(DBN)

Stock indexes fall, set for big weekly loss, on trade-war fears S&P 500, Nasdaq erase skid to end higher but McDonald's stock leads Dow to a loss Here’s why the Dow took the Trump tariffs so hard
(DBN)

Trump tariffs could emerge as a black swan event for stocks, one long-time Wall Street bull warns
(DBN)

Cramer: If Gary Cohn resigns, watch out stock market
(DBN)

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Layoffs:

Gunmaker Smith & Wesson cuts jobs as sales plunge
(DBN)

Gibson Guitar Laying Off Employees as Bankruptcy Fears Worsen
(DBN)

Red River Army Depot announces 600 layoffs
(DBN)

Peter Thiel-backed startup Zenreach lays off 20% of staff
(DBN)

JC Penney announces 360 job cuts, some at its corporate headquarters
(DBN)

Ford plans 2000 layoffs for Ranger, Bronco retool
(DBN)

Coachella Valley Unified board votes unanimously to layoff up to 96 teachers and 73 staffers
(DBN)

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Politics:

Roy Moore says he's 'struggled to make ends meet,' raises $32,000 Roy Moore Begs for Money for Legal Fees
(DBN)

The great unraveling: Trump's allies are really worried about him One-Time Pal Donny Deutsch Warns Trump Is 'Cornered,' Will Destroy World to Save 'His Hide' Trump friends "concerned about his well-being" An air of anxiety and volatility - with an uncontrollable commander in chief at its center 'This is not going to end well': Trump's friends and allies are worried he's spiraling out of control — and they say this time is different Reince Priebus on how Trump makes decisions Trump: Dumb Like a Fox, or Just Dumb?
(DBN)

Trump praises Chinese president extending tenure 'for life'
(DBN)

Pruitt: Not Enough Science to Prove Evolution
(DBN)

Icahn rids stock in steel-related company ahead of tariff announcement
(DBN)

In Texas GOP primary, it's who can love Trump the most
(DBN)

Leaked documents shed light on the astonishing intricacy of Russia's trolling operation
(DBN)

Ethics experts say their 'fear has been realized' as Trump faces one of his most consequential conflicts of interest yet
(DBN)

Trump hits Bush: Invading Iraq 'the single worst decision ever made'
(DBN)

White House Prepares for McMaster Exit
(DBN)

President Trump has made 2,436 false or misleading claims so far
(DBN)

Scott Pruitt warns of ‘judicial monarchy’ and advocates constitutional amendments to ban abortion and gay marriage
(DBN)

The Bipartisan Movement to Bring Back Earmarks
(DBN)

Will the Last Person to Leave the West Wing Please Turn Out the Lights?
(DBN)

Trump suggests US will meet with North Korea in joke-filled dinner with the press The most memorable jokes from Trump's Gridiron dinner speech
(DBN)

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Economy:

The Fed is now entering the most difficult phase of monetary policy
(DBN)

Fed Chair Jerome Powell has a toxic markets touch, and his job won’t be getting any easier
(DBN)

Trump’s tariffs will hurt the 6.5 million U.S. workers at steel-consuming manufacturers Trump's newest economic move won't give special treatment to any country — and they're all set for a trade war Stocks of big manufacturers that use metals plunge on Trump's tariff plan In a Pennsylvania Steel Town, Donald Trump's Tariff Is a Winner Trump made tariff decision in a fit of anger: NBC News Trump's tariffs 'like a first shot in a war': Nobel-winning economist Robert Shiller Trump Embraces a Trade War, Which Could Undermine Growth Trump’s Steel Tariffs Are Economically Small and Symbolically Huge Trump Threatens Tariffs Against EU Cars Corporate America Hates Trump's Tariffs Lindsey Graham: Trump "making a huge mistake" on tariffs Trump's steel tariffs are earning him cheers from Democrats and unions—but giving the GOP shivers Trump trade advisers: Tariffs coming by next week, will apply to allies There’s one major surprise in Trump’s tariff announcement — and it’s got Wall Street spooked Kudlow: Trump's steel tariffs are a 'crisis of logic' — and the equivalent of a tax hike One of Trump's top trade advisers held up a can of Campbell's soup to argue that Trump's massive tariffs are 'no big deal' Campbell's Soup blasts new tariffs after Trump's Commerce secretary used its soup can to defend them Trump Says 'Trade Wars Are Good' Trump: Trade Wars Are Good (Maybe Not) Bush Put Tariffs on Steel Too Ross: Tariff Not Big Deal, $175 Added to Cars This steel company says it's giving a $1,000 bonus to employees — if the tariffs actually happen Toyota: Tariffs Will Harm Automakers Trump's trade war is stupid, and it's bad news for virtually everyone in the US U.S. Allies Around the World Steel for Trump Tariff Tussle China Tried Hard to Ease Trade Tensions; Trump Had Other Ideas China says it does not want a trade war with US Chinese official on Trump's tariffs: "We will not sit idly by" Ford warns Trump metal tariffs may hike commodity prices Here’s what the 30 Dow industrials companies said about a potential trade war Here’s why the Dow is taking the Trump tariffs so hard EU May Tariff $3.5 Billion of US Goods New tariffs let China get 'off more or less scot-free': Former U.S. trade representative Trump's trade war could hurt agriculture, manufacturing How a Trump trade war could slow down the global economy 10 popular stocks that would be hit hard if Trump started a trade war Here's how your state would get hit by a global trade war Democratic congresswoman supports Trump's tariffs: We can't afford to lose US steel production Trump's 'easy win' trade war is a no-win situation for Wall Street and Main Street IMF warns that steel, aluminum tariffs will likely hurt economies Canada's Trudeau says US tariffs on steel would be 'unacceptable,' warns of market disruption Tariffs could impact already rising construction costs Trump's Trade Crossfire May Imperil Food Producers Here’s a guide to what the tariffs could mean for the U.S. and the world What Happened in the Past When the US Used Tariffs?
(DBN)

Trump may have doomed North American free trade deal Tariffs Raise the Odds of NAFTA Ending Energy has best chance of bringing angry NAFTA nations back to their senses in a trade war With Global Steel Tariffs On, What's Next For Mexico And NAFTA? Trump tweets NAFTA demands to Canada and Mexico Trump signals he may drop tariffs if a 'fair' NAFTA agreement is signed Trump's tariffs are set to dominate the final day of NAFTA talks
(DBN)

As Congress moves to drop tariffs on everything from toasters to pet toys, some US firms cry foul
(DBN)

S&P 500 companies expected to buy back $800 billion of their own shares this year
(DBN)

Trump Asks for Record $81 Billion Black Budget
(DBN)

Why the daunting economics of elder care are about to get much worse
(DBN)

Making Infrastructure Dollars Go the Extra Mile
(DBN)

Trump says American workers are hurt by immigration. But after ICE raided this Texas town, they never showed up
(DBN)

United’s reported plan to replace bonuses with lottery enrages employees
(DBN)

US Debt Clock
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World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Trump's tariffs 'could not have come at a worse time' for anyone planning to buy a home
(DBN)

Your property taxes just jumped by more than 50 percent. Now what?
(DBN)

Very Pissed Off Judge – Slamming Bank of America
(DBN)

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Oil/Gas:

Boom times for US shale oil producers U.S. crude to make up almost 60% of new oil output within 5 years, says IEA The US will dominate the oil industry for the next 5 years, International Energy Agency forecasts Oil and gas rig counts inch up
(DBN)

Trump’s Trade Wars Could Spark A Massive Drop In Oil
(DBN)

Trump Drilling Plan Faces Backlash
(DBN)

Biggest Libya Oil Field Stops Pumping
(DBN)

IEA is Worried About an Oil Supply Crunch
(DBN)

Zinke Wants Lower Offshore Oil Royalties
(DBN)

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Religion:

Twin Cities Archdiocese bankruptcy drags on, taking a toll on all parties involved
(DBN)

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Healthcare:

HCR ManorCare files for bankruptcy, setting up purchase by Quality Care Properties HCR ManorCare post-bankruptcy plans, including CEO, announced by Quality Care Properties Quality Care to take over HCR ManorCare as part of bankruptcy deal HCR ManorCare expected to file for bankruptcy Nursing home chain HCR ManorCare to sell itself in bankruptcy US nursing home chain HCR ManorCare set to file for bankruptcy First Day Dec
(DBN)

No-frills micro hospitals with as few as 8 rooms emerge as a new way to cut health-care costs
(DBN)

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Hedge Funds:

Jason Karp's Tourbillon Capital hedge fund had a tough month
(DBN)

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Education:

Declining International Enrollment Causes More Problems For Colleges
(DBN)

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Celebs:

American Chopper’ Stars Paul Sr. And Paul Jr. Allegedly ‘Faked’ Relationship, Sr. Needed Money
(DBN)

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Biofuels:

Trump pushes Big Corn and Big Oil to break biofuels deadlock
(DBN)

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Fraud:

A $50 Million Stock-Fraud Probe, 6 Defendants and a Picasso
(DBN)

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Banking:

Wells Fargo Back To Being Wells Fargo
(DBN)

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Hollywood:

Oscars 2018: Here are all this year’s winners
(DBN)

Buying Weinstein's studio was easy part: Contreras-Sweet faces daunting challenge of delivering on promise
(DBN)

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Retailing:

JC Penney is still betting on beauty to fuel its turnaround
(DBN)

The Unloved Retail Sector Is Quietly Attempting a Rebound
(DBN)

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Guns:

Smith & Wesson Gun Sales in Free Fall
(DBN)

After Remington Throws in the Towel, What Lies Ahead for the Rest of the Firearms Industry?
(DBN)

As Gun Control Debate Heats Up, Investor Sentiment Mixed On Arms-Maker Debt
(DBN)

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Taxis:

MIT: Driving For Uber Dumb Way To Make Money Here's How Much Uber and Lyft Drivers Make Per Hour
(DBN)

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Personal Finance:

10 chores that let enterprising kids rake in the dough
(DBN)

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Music:

Creditors Encircle Robert Sillerman's Bankruptcy Proceedings
(DBN)

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New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (28 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (22 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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Bankruptcy Statistics:

BK ME: February 2018 Statistics
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Safe Harbors:

Supreme Court Unanimously Clarifies Avoidance Action Exposure
(DBN)

Supreme Court Issues Decision on Section 546(e) Safe Harbor Provision Resolving Long-Standing Circuit Split
(DBN)

Rochelle On Merit Case
(DBN)

Supreme Court Limits the Scope of Safe Harbor Protection in Avoidance Actions
(DBN)

No Safe Harbor for “Overarching Transfer”: Trustee Can Avoid Payments Passing Through Financial Institutions
(DBN)

Something Amazing – A Unanimous Opinion By The United States Supreme Court In A Bankruptcy Case, Affirming And Remanding To The Seventh Circuit Regarding The Safe Harbor Of 11 U.S.C. § 546(E): Merit Management Group, LP V. FTI Consulting, Inc.
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Recent Pleadings:

Professional Fees Adding Up In PR Bankruptcy
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Personal Bankruptcy:

When You Can’t Afford to Go Bankrupt
(DBN)

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TBTF:

The Treasury Still Needs to Bid Adios to OLA - A new report is a step in the right direction, but bankruptcy is the answer when financial firms fail
(DBN)

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Sales:

Is Jevic Hauling a Surprise for 363 Sales that Include Priority-Skipping Distributions?
(DBN)

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Obits:

Dean Prober RIP
(DBN)

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IP:

Trademark Licenses and Intellectual Property Distribution Rights in Bankruptcy
(DBN)

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Miscellaneous:

Reorg Weekly: Offshore Deep Dive (Mar. 4, 2018)
(DBN)

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Travel:

Airlines cancel more than 2,400 flights as nor'easter slams the East Coast 'Pretty much every one on the plane threw up': Pilot reports horrifying descent during nor'easter storm
(DBN)

Furious passengers on packed Megabus say they were stranded for more than 24 hours without updates and were forced to drink snow because there was no water
(DBN)

The unregulated world of 'emotional support animals' is driving airlines crazy — and science is on their side
(DBN)

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Radio:

Malone Buys iHeart Debt From GSO to Boost Stake Before Broadcaster’s Bankruptcy
(DBN)

iHeart Media inching closer to bankruptcy
(DBN)

iHeartMedia's Possible Bankruptcy Garners Bonuses
(DBN)

Bankruptcy Delayed As iHeart Files It Has A 'Forbearance Agreement'
(DBN)

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Media:

Advertisers Flee Infowars YouTube Channel
(DBN)

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UK:

Britain’s White-Collar Cops Are Getting Too Good at Their Job
(DBN)

U.K. prime minister raised "deep concern" to Trump on tariffs
(DBN)

Prezzo to close 94 "underperforming" restaurants
(DBN)

Interserve plans further job cuts as it fights bankruptcy fears
(DBN)

U.K. Retailer Mothercare Starts Debt Talks Amid Tough Trading
(DBN)

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PIIGS:

Greece has secured the next financial injection from the creditors
(DBN)

Italy now poses an ‘existential threat to the eurozone’ — analysts react to election Italy is headed for a hung parliament as voters shun establishment parties
(DBN)

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South Korea:

GM Plans to Fire 5,000 in South Korea Almost 2,500 GM Korea workers apply for voluntary redundancy package
(DBN)

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Venezuela:

Journey out of Venezuela
(DBN)

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India:

Debt-ridden farmer commits suicide
(DBN)

USA silent on Nirav Modi’s presence Nirav Modi Pens Second Letter ‘Explaining’ Why He’s Not Returning US court puts creditors on hold as Modi's Firestar files for bankruptcy NiMo gets US shield for now
(DBN)

Allowing promoters in IBC cases can maximize the recovery value: Bryan Marsal, Co-founder, Alvarez & Marsal
(DBN)

Indian billionaires prepare for battle over Essar Steel
(DBN)

Aircel has no money to pay salary to 6000 employees
(DBN)

Clearwater Capital Is Investing More in Indian Distressed Debt
(DBN)

Indian police say gold bribes given in $2 billion bank fraud case
(DBN)

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South Korea:

Kumho Tire's unionists vow to do whatever it takes to block sale Row deepens over Kumho Tire's sale
(DBN)

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New Zealand:

Capital solvency probably ‘less than zero’ – CBL's construction under-reserving
(DBN)

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Ukraine:

Law on Credit Registry comes into force in Ukraine
(DBN)

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MENA:

Saudi bankruptcy law paves way for bank resolution system
(DBN)

It Could Be Crunch Time for World's Third Most-Indebted Country
(DBN)

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Latvia:

Insolvency administrator rakes in close to €3m in six months
(DBN)

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China:

Eight countries face 'quite high' debt risk because of China's massive Belt and Road plan
(DBN)

How Can China Keep Up Its Breakneck Economic Pace ?
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