Daily Bankruptcy News
March 6, 2018


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Law:

'Unfinished Business' Claims Zapped by California Supreme Court in Heller Case Defunct Heller firm not entitled to claw back fees from exiting partners, California high court says
(DBN)

Big Law: How to Survive the Next Downturn
(DBN)

Revenue Up, Partner Profits Flat at Perkins Coie
(DBN)

Seven Partners Don’t Stick in Jenner’s Corporate Expansion
(DBN)

Headhunter Case Study: Bankruptcy Attorney From Detroit Interested in Relocating to New York City
(DBN)

Denial of Cooley Law’s request to open new location is reasonable, ABA motion argues
(DBN)

Law Student Hopes To Win ‘Survivor: Ghost Island’ To Pay Off Law School Debts
(DBN)

Arrest Made After T14 Law Professor Receives Envelope Filled With Suspicious White Powder
(DBN)

Thinking Of Opening Your Own Law Firm After Law School? Read This.
(DBN)

What Does It Mean To Meditate?
(DBN)

In-House: Don’t Ask Me Where I’m From – Ask What Drives Me
(DBN)

The First Woman To Stand Up For Women In The Legal Profession At The ABA
(DBN)

Attorneys for Suge Knight indicted on charges tied to alleged witness tampering
(DBN)

Biglaw Business Development: 5 Insights From Chief Marketing Officers
(DBN)

GOP official shares video claiming Fla. high school shooting was faked YouTube and Facebook have a serious problem with 'promoted' conspiracies about the Parkland shooting President Trump will meet with video game industry reps in wake of Florida school shooting The US spends less than one penny on gun violence research for every person shot dead in America — and that's intentional Walmart and Dick’s surge in the public’s estimation after breaking ties with NRA Video game group ahead of Trump meeting: "Video games are plainly not the issue" Former Ohio attorney general regrets being ‘in the pocket’ of the NRA The US has approximately 5% of the world's population and 42% of civilian gun ownership Bipartisan Senators Propose 'Lie and Try' Gun Bill How Defective Guns Became the Only Product That Can’t Be Recalled School Shooter Pens Pro-Gun Law Letter The NRA faces a new kind of opponent: Kids who understand social media The relationship between gun ownership and death rates
(DBN)

Trump's lawyer reportedly complained that he was not reimbursed for his hush payment to Stormy Daniels Trump lawyer's $130,000 payment was reportedly flagged as suspicious
(DBN)

Former Trump aide on Mueller probe: 'I think they may' have something on Trump Nunberg gone wild 'I think it would be funny if they arrested me': Former Trump campaign aide melts down on TV amid Mueller subpoena Former Trump campaign aide Sam Nunberg dropped some outrageous claims during an interview blitz on the Russia investigation Former Trump aide reverses himself, now says he would 'end up cooperating' with Mueller probe Ex-Trump aide subpoenaed by Mueller explains why he won't testify Deputy AG Rod Rosenstein Touts ‘Integrity’ At The DOJ Amid Tough Times
(DBN)

Science says there's a best place to sit at the conference table to show authority, command the room, and have your boss' ear
(DBN)

Covington’s $125M Fee for 3M Case ‘A Little Steep’: Lawmaker
(DBN)

Daycare Workers Gave Toddlers Laced Gummies To Calm At Naptime
(DBN)

Former partner blames BigLaw stress for plot to sell sealed lawsuits to targeted companies
(DBN)

Utah Bar Would Like To Know Why It Sent B---- To Everybody This Evening
(DBN)

Party-goer shoots, kills friend wearing bulletproof vest in game gone wrong
(DBN)

Collars For Dollars: An Unconstitutional Police Practice?
(DBN)

DePaul law prof who defended colleague in N-word controversy sues school for alleged bias
(DBN)

Dad who gave his autistic daughter illegal marijuana is qualified to be her guardian, judge rules
(DBN)

Man accused of stealing Frances McDormand's trophy showed off in video
(DBN)

Manhattan Beach attorney faces disbarment following allegations he tried to defraud creditors
(DBN)

Any Other Lawyer Pretend They Knew What Frances McDormand’s ‘Inclusion Rider’ Was? Meet the Cohen Milstein Lawyer Behind The #InclusionRider The Inclusion Movement
(DBN)

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Judges:

Calls grow for ouster of judge who approved probation plea deal in church-camp r---
(DBN)

‘Blatant shortcomings’ in lawyers’ work merited habeas relief, Sotomayor says in cert denial dissent
(DBN)

#MeToo, Judges, And Bias
(DBN)

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Wall Street:

Dow aims at 2nd day of gains, as Trump tariff plan faces GOP push-back US stocks set for a positive open as trade-war fears ease Dow futures rise nearly 200 points after North Korea says it's willing to talk about denuclearization
(DBN)

European stocks march higher as fears of trade wars abate
(DBN)

Dow jumps almost 350 points despite Trump saying he won't back down on tariffs
(DBN)

This technical chart is signaling another big drop for the stock market
(DBN)

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Layoffs:

Burger Flipping Robot Now Cooking at California Fast Food Chain
(DBN)

Foremost Farms laying off 110 workers
(DBN)

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Fraud:

Shkreli Must Forfeit More Than $7.3M for Securities Fraud, Judge Says Martin Shkreli has been ordered to give up the Wu-Tang album he paid $2 million for
(DBN)

Fund Blasts Trustee's Deal With Insurer In $70M Ponzi Case
(DBN)

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Currency:

Approaches To Fraudulent Transfer Litigation Involving Bitcoin
(DBN)

Founder of defunct bitcoin exchange has trail of lawsuits, judgments and at least one unpaid lawyer
(DBN)

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Retailing:

Pricing Litigation: How Big Decisions Set the Stage for 2018
(DBN)

Trump administration backs state collection of online sales Retailers push to end special tax treatment for online brandstax
(DBN)

Foot Locker Looking To Shutter 100 Stores
(DBN)

Target's stock falls after sales beat but profit just matched expectations
(DBN)

The Children's Place and Gymboree: A tale of two specialty retailers
(DBN)

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Healthcare:

Carlyle transfers ownership of HCR ManorCare to landlord after bankruptcy filing
(DBN)

Former ManorCare CEO nets $116 million in bankruptcy deal
(DBN)

New Delaware Chapter 11 Filing – HCR ManorCare, Inc.
(DBN)

HCR ManorCare Files Prepackaged Chapter 11 Petition
(DBN)

HCR Manorcare Summary
(DBN)

The Price They Pay
(DBN)

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Weather:

Why Is California Rebuilding in Fire Country? Because You’re Paying for It
(DBN)

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Corporate Reform:

Aggressive Volcker rule changes to come quickly, top Fed official in charge of regulation says
(DBN)

The Senate is moving to ease major banking regulations. This is how they will do it.
(DBN)

10 years after financial crisis, Senate prepares to roll back banking rules
(DBN)

Big Wall Street banks gear up for the next round in 'the Dodd-Frank wars'
(DBN)

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Hedge Funds:

Who Could Lose Money in 2017? These Hedge Funds Found a Way
(DBN)

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Economy:

ISM Non-Manufacturing Index decreased to 59.5% in February
(DBN)

Fed Nowcast for 2018: Q1 stands at 3.0% Fed GDPNow: Latest forecast: 3.5 percent
(DBN)

7 reasons why inflation will haunt investors this year
(DBN)

Republicans are sending major warnings to Trump about his massive new tariffs Trump's Trade War Will Cause Global Recession: WTO Head Goldman Sachs: Trump's tariffs hurt allies more than China and Russia Trump's own pick for Fed chair said 'the tariff approach is not the best approach' — and it highlights the dangers of a trade war Congress can, and should, stop Trump from starting a trade war Trump just laid out his demands for 2 of the US's signature allies to get around his massive new tariffs Steel tariffs are a great start — but US trade policy needs a bigger fix Trump says 'we're not backing down' after Paul Ryan splits with him on massive new tariffs Trump's Tariffs Dim Prospects for the Wall GOP lawmaker, pipeline CEO nervous over steel tariffs Trump's tariffs could cost American jobs: Republican congresswoman Study: Trump tariffs to cost 146,000 jobs Nucor CEO on Trump tariffs: 'We're treating other countries how they treat us' Tariffs ‘absolutely will’ bring back jobs to America: Steel CEO 'We're standing up to our foreign competition': Steel CEO on Trump tariffs Trump steel tariff losers: Pipelines for US oil boom need foreign steel Trump says steel imports are a threat to national security. The defense industry disagrees. National Security Is a Good Reason for Protection. But Not of Steel and Aluminum Where the U.S. Gets its Steel How the U.S. Squandered Its Steel Superiority Steel Tariffs And Investment Opportunities European carmakers urge Trump to rethink retaliatory tariff on car exports Europe is reportedly going after America’s most iconic brands to punish Trump Report: Manufacturers to meet with Trump to fight tariffs Why Europe and Canada may retaliate against bourbon, Harleys and Levi jeans EU answers Trump with politically-targeted tariffs How countries could respond to President Trump’s trade war Trump vows to strike back at European leaders who warned of retaliation for his tariffs A top White House economic adviser is making a desperate effort to stop Trump's trade war before it starts
(DBN)

US Trade Rep says “time is running very short” on NAFTA negotiations Latest NAFTA round to end without trilateral statement: Report Trump says Canada and Mexico will escape new tariffs only after NAFTA concessions President Trump said Canada mistreats U.S. farmers. This is what he meant.
(DBN)

President Trump looks to cut federal pensions
(DBN)

This is the worst state in America for working women
(DBN)

Morgan Stanley breaks down which markets provide the clearest hints of a downturn
(DBN)

This stunning chart shows the true cause of the gender wage gap
(DBN)

Why some families earning $500,000 don't have any savings
(DBN)

Wealthy using pawn shops to finance business ideas
(DBN)

Helicopter parenting is fueling inequality between college students
(DBN)

The Role of Luck in Life Success Is Far Greater Than We Realized
(DBN)

These are the 25 cities where people have the most credit card debt
(DBN)

Is Trump’s Infrastructure Plan Already Dead?
(DBN)

The Countries with the Highest Salaries
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Over a million Americans may have just lost their shot at refinancing Black Knight Mortgage Monitor: Recent Increase in Rates Cuts Potential Refinance Population by 40%
(DBN)

30 Year Mortgage Rates at 4.5% to 4.625%
(DBN)

Update: Framing Lumber Prices Up Sharply Year-over-year, At Record Prices
(DBN)

Housing Industry Concerned about Tariffs Trump’s Tariff Is Forcing Homebuilders to Cut Costs
(DBN)

US Builders Optimistic Amid Early Signs of Construction Slowdown
(DBN)

These photos of abandoned malls and golf courses reveal a new era for the American suburb
( DBN)

San Francisco housing is so expensive that middle-class workers are moving into dorms with shared bathrooms Dorm Living for Professionals Comes to San Francisco San Francisco is losing more residents than any other US city and U-Hauls have become so scarce they can cost $2,000 to rent
(DBN)

California's Housing Crisis, Explained
(DBN)

Financial steps to take if you want to buy a home after a bankruptcy
(DBN)

Ben Carson: Brain surgery was easier than running HUD
(DBN)

The Rise and Fall of American Public Housing
(DBN)

Former foreclosure king of Florida, David J. Stern, sells Miami condo
(DBN)

What Airbnb Did to New York City
(DBN)

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Municipalities:

Puerto Rico turns to DOJ amid escalating post-Maria drug-fueled violence
(DBN)

Fee Examiner Says Too Many Attys At Puerto Rico Hearings
(DBN)

Nebraska Archway's Survival Is Cautionary Muni Bond Tale
(DBN)

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Oil/Gas:

IEA Predicts Nightmare Scenario For OPEC OPEC Squeezed by U.S. Shale
(DBN)

OPEC wants to talk with rival US shale drillers to learn lessons of downturn
(DBN)

U.S. shale leading oil growth as rest of the world falls behind
(DBN)

Oil extends gains on IEA growth forecasts
(DBN)

Canadian Crude Could Remain ‘Cheap’ For Years To Come
(DBN)

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Politics:

Sen. Thad Cochran to resign April 1
(DBN)

The wild standoff between the Trump Organization and a Panamanian hotel owner just reached a dramatic conclusion Trump Organization staff kicked out of hotel offices in Panama Panama court evicts Trump management from hotel in bitter spat
(DBN)

Russia blocked Trump from picking Romney for secretary of state: report
(DBN)

Donald Trump falsely denies that he denied Russian meddling
(DBN)

The Generation Gap in American Politics
(DBN)

North Korea, Cyberterrorism Top Threats to U.S.
(DBN)

Americans, Particularly Democrats, Dislike Russia
(DBN)

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Paper Products:

Brawl over examiner between bankrupt Cenveo, noteholder intensifies
(DBN)

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Radio:

iHeartRadio Faces Imminent Bankruptcy as Debt Pile Hits $20 Billion
(DBN)

Lenders extend debt deadline for U.S. broadcaster iHeartMedia
(DBN)

As iHeart Looms, US Leveraged Loan Default Rate Tops 2%
(DBN)

Unsecured Creditors Object to Cumulus Compensation Plan
(DBN)

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Religion:

St. Cloud is 4th Minnesota diocese to declare bankruptcy amid abuse lawsuits
(DBN)

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Education:

Charter schools at risk of closing due to money woes
(DBN)

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Celebs:

Bill Cosby's return to court marked by hostility, accusations, disputes over evidence
(DBN)

Down And Off: The 121 People Who Fell Off The Billionaire Ranks In 2018
(DBN)

Lisa Marie Presley's Ex Claims She Can't Be Trusted And Isn't As Broke As She Claims
(DBN)

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Debt Collection:

3rd Cir. Holds Settlement Offer as to Time-Barred Debt May Violate FDCPA
(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 (30 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (112 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:

Weekly Bankruptcy Claims Trading Activity
(DBN)

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Insiders:

Supreme Court Clarifies Appellate Role in Bankruptcy Cases
(DBN)

Supreme Court Decides U.S. Bank, N.A. v. Village at Lakeridge, LLC
(DBN)

Justices approve deferential review of bankruptcy-court determinations on “insider” status
(DBN)

Supreme Court decides appropriate standard of review for 'insider' status
(DBN)

Ch. 11 'Insider' Reviews Should Be Deferential, Justices Rule
(DBN)

Supreme Court Answers Standard of Review Question for Insider Status
(DBN)

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Safe Harbors:

Merit Management v. FTI: Law Firm Perspectives
(DBN)

Supreme Court Holds That Presence of Financial Conduits Does Not Trigger “Safe Harbor” Protection for Securities-Related Transfers Under Section 546(e) of the Bankruptcy Code
(DBN)

Substance Over Form: Supreme Court Ruling Strengthens Avoidance Powers of Bankruptcy Trustees
(DBN)

Supreme Court Narrows the Scope of a Bankruptcy 'Safe Harbor' Where Financial Institutions are Mere Intermediaries
(DBN)

The Clawback Carwash Is Closed
(DBN)

Southern District of Texas refuses to impose time limit on safe harbor termination rights
(DBN)

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Corporate Governance:

Rethinking Corporate Law During a Financial Crisis
(DBN)

Recent Delaware Corporate Governance Scholarship
(DBN)

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ADR:

Commercial Finance Arbitration: A Concept Long Overdue
(DBN)

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Cross-Border:

Reciprocal Comity
(DBN)

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Ch. 13:

On Dicta's Trail: Espinosa's Messy Repercussions
(DBN)

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Hollywood:

The Academy Awards' TV Ratings May Have Hit an All-Time Low
(DBN)

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TBTF:

Senate banking bill likely to boost chances of bank bailouts, CBO says
(DBN)

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Banking:

Does Wells Fargo Have a Plan?
(DBN)

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Travel:

Woman restrained after trying to open airplane cabin door during flight
(DBN)

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Aviation:

Air Berlin creditors sue Etihad for damages over insolvency -source
(DBN)

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UK:

The EU says Theresa May's Brexit trade plans are based on a 'failed' model
(DBN)

' Debt-ridden cop killed wife in row over secret loan in her name' Detective ‘went on school run after killing his wife and waited till the kids were asleep before disposing of her body’
(DBN)

The U.K. 'Youthquake' Was All About the Rent
(DBN)

PwC appointed administrator to troubled UK stockbroker
(DBN)

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PIIGS:

Greek railway workers, taxis stage strikes
(DBN)

At the Polls, La Dolce Vita Yields to Anger
(DBN)

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Canada:

Retail Insolvencies in Canada Series, #3: Parent Perspectives
(DBN)

Sears shareholder payments to be reviewed by litigation investigator
(DBN)

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Venezuela:

Four in 10 Venezuelans Would Leave Venezuela Behind
(DBN)

Venezuelans, Go Home: Xenophobia Haunts Refugees
(DBN)

Venezuela’s cryptocurrency is one of the worst investments ever
(DBN)

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Finland:

Finland's former Talvivaara files for bankruptcy Ahtium, former Talvivaara Mining, files for bankruptcy
(DBN)

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MENA:

15 Kuwait construction firms to declare bankruptcy
(DBN)

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India:

Being tough not enough! Why India’s bankruptcy regime needs a pragmatic touch
(DBN)

Bankruptcy proceedings: Essar Steel bids to be studied on Wednesday
(DBN)

Arbitration court bars Reliance Communications from selling or transferring assets
(DBN)

Banks may have to take 60% haircut in large NPA cases under IBC: CRISIL
(DBN)

PE funds eye rich pickings from bankruptcy resolution
(DBN)

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South Korea:

Lake Hills Suncheon becomes first Korean firm to go through P-plan
(DBN)

Kumho Tire Union to Go on General Strike If Creditors Force Overseas Sale of Company
(DBN)

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Mexico:

Mexico's ICA says judge approved creditors agreement
(DBN)

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Australia:

Clive Palmer makes last ditch bid to prevent assets from being frozen Clive Palmer to suffer reputational stigma if assets frozen, court hears
(DBN)

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China:

Creditor China buying global influence through credit
(DBN)

China's Hainan govt will not offer support to HNA Group - vice governor
(DBN)

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