May 14, 2018

The Daily Bankruptcy News

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Law:

The Legal Market Is Looking Up, Citi Q1 Survey Shows
(DBN)

Law School Applicants Are Up 8.8%
(DBN)

LSAT Test-Takers Surge 18.1%, The Biggest Increase In 16 Years
(DBN)

Outside Liability in the #MeToo Era: The Viability of Aiding and Abetting Claims
(DBN)

Baker Donelson Duo Tied to $100M Ponzi Scheme in Mississippi
(DBN)

Law School Professor Blasts Law Review Editors As ‘Uncomprehending Idiots’
(DBN)

The Law Schools Where The Most Graduates Got Jobs At Large Firms (2017)
(DBN)

The Nuts and Bolts of Going Global
(DBN)

8 Signs That You Are Not On Your Way To Success
(DBN)

ABA Moves Forward With Plan to End Law School Admission Test Requirement
(DBN)

These Trailblazing Women Lawyers Changed Society
(DBN)

7 Things Lawyers Should Know About Artificial Intelligence
(DBN)

Overworked Lawyer Admonished for Missed Discovery Deadlines
(DBN)

What Law School Gets Wrong
(DBN)

‘Nice To Meet You… Here’s My Invoice’: Advice On Working With New Clients
(DBN)

Stop Blaming The Pipeline For The Lack Of Diversity In The Legal Profession And Start Investing In It
(DBN)

$43 million gift to UVA law
(DBN)

Florida Coastal Law School Sues ABA; Kirkland & Ellis Alleges Arbitrary Enforcement Of Accreditation Standards
(DBN)

Top litigation partner sacked over inappropriate behaviour allegations
(DBN)

'I don't get involved with p----': Rudy Giuliani escalates battle with Stormy Daniels' lawyer Rudy Giuliani: Trump might've been told about Eric Schneiderman's alleged abuse of women because of a Trump University lawsuit Trump-Schneiderman Feud Puts Assault Claims in New Light Rudy Giuliani appears to suggest Trump personally tried to kill the AT&T-Time Warner merger Rudy Giuliani walks back explosive claim that Trump intervened in the Time Warner-AT&T merger Giuliani’s Firm Severs Ties With Him And Publicly Refutes His Statements On Common Legal Practices Greenberg Traurig Throws Rudy Giuliani Under The Bus Right Quick
(DBN)

Special counsel probing donations with foreign connections to Trump inauguration Here's why you shouldn't assume Trump is guilty if he takes the Fifth The real questions and dangers of criminally charging the president Kenneth Starr vs Robert Mueller's Probes Mueller Asked Ford for Records After It Rejected Michael Cohen Consulting Overture Lawmakers weigh Plan B to protect Mueller's work The public case against Trump Why Commerce Secretary Ross and his Russian ties may be next in Mueller's investigation The Mueller investigation is about to enter its 2nd year
(DBN)

Ex-FBI director James Comey compares Trump to a Mafia boss The FBI’s Shocking Disrespect for Congress
(DBN)

Michael Cohen brought top client to BigLaw firm; other consulting clients have regrets Attorney Claims in Court Filing He Talked to Cohen About Two Schneiderman Victims AT&T's Top In-House Lobbyist, Entangled in Michael Cohen Payment, Retires How AT&T’s Desperate Hunt for Trump Insight Led to Cohen Fiasco How Michael Cohen went from the butt of a joke on CNN to 'crushing it' after Trump's shocking win All the companies that hired Michael Cohen have an Enron problem AT&T Met With More Than Cohen for Insider Connection to Trump Trump Fixer Wanted Money from Ford Stormy Daniels' lawyer dropped a cryptic hint about 'large sums of money' he claims flowed out of a Michael Cohen-linked shell company that received millions of dollars after Trump's election Ford rejected Michael Cohen’s approach to provide consulting services
(DBN)

What Happened to Alan Dershowitz?
(DBN)

16 things you should never wear to work — even if you work in a business casual environment
(DBN)

Nursing homes, senior centers find bullying has no age limit
(DBN)

White People Keep Calling Cops on Blacks
(DBN)

Men Cry Discrimination in Legal Attack on Women’s Organizations
(DBN)

Man charged with rerouting UPS mail to his Chicago apartment
(DBN)

The Owl Thieves
(DBN)

Fugitive Accidentally Dials 911, Officers Take Him to Jail
(DBN)

Accused stalker sent 65,000 texts to man
(DBN)

New law: Cops can't have s-- during traffic stops
(DBN)

Former New York Assembly speaker is convicted in retrial based on law firm referral fees
(DBN)

Morgan & Morgan apparently settles suit alleging its ads are misleading
(DBN)

Harper Lee’s estate settles litigation over Broadway adaptation of ‘To Kill a Mockingbird’
(DBN)

Judge cuts $50M punitive damages award to neighbors of smelly hog farm
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Judges:

Dallas Judge Totes Gun to Bench
(DBN)

John Ninfo: What's new and different in the new tax law?
(DBN)

Democratic report criticizes ‘breakneck pace’ of judicial confirmations, lack of diversity
(DBN)

The Most Inquiring Minds On The Supreme Court
(DBN)

Trump Nominee’s College Writings Scrutinized, Defended
(DBN)

New York Dominates Latest Batch of Trump Judicial Nominees
(DBN)

Grassley Wants SCOTUS Justices To Retire Because Hypocrisy Is Real
(DBN)

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Wall Street:

Dow futures point to gains as Trump move helps ease China trade-war fears US stocks set to rally at the open as trade concerns abate
(DBN)

Dow marks longest win streak in 6 months as stock gauges log sharp weekly gains
(DBN)

A $733 billion investor says Wall Street is in danger of being ambushed by a powerful force brewing in the US economy
(DBN)

Goldman: "Environment for investors is less pleasant than last year"
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Layoffs:

The 13,000 'savage' layoffs at BT could be preparing the company for a sale, insiders say
(DBN)

University Of Montana To Lay Off 50 Faculty To Close Budget Deficit
(DBN)

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Mail:

US Postal Service gets whacked with a $1.3 billion loss as it struggles to keep up with Amazon The Postal Service is losing billions Packages Weigh on US Postal Service as Losses Grow Trump said Amazon cost the USPS 'billions.' But the post office has a different explanation Post office blames US government — not Amazon — for billion-dollar loss
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Taxis:

How much Americans spend on Uber and Lyft in 32 major cities
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Transit:

Flying taxis could be available by 2028 with pickup and drop-off at 'Skyports' — and here's how they'd work
(DBN)

Elon Musk posted video of his Boring Company tunnels under LA, saying people can use them 'in a few months' for free
(DBN)

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Museums:

Debt may force Lincoln library and museum to sell artifacts
(DBN)

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Banking:

The man who called 'The Big Short' says Deutsche Bank is a 'problem bank'
(DBN)

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Amusement Parks:

Deal could restart stalled NYC Ferris wheel tourism project
(DBN)

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Education:

DeVos Backs Off on For Profit College Fraud Report: DeVos dismantles team probing fraud at for-profit colleges
(DBN)

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Newspapers:

This is How a Newspaper Dies The Gutting of The Denver Post is a Death Knell for Local News
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Food/Beverage:

'Bankruptcy auction date set for US candy firm Necco'
(DBN)

Tops gets the go-ahead to proceed with store-closing plan
(DBN)

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Radio:

NY Bankruptcy Judge Confirms Cumulus Reorg Plan
(DBN)

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Electricity:

FirstEnergy Solutions wins court's OK to disregard contract with OVEC
(DBN)

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Golf:

Las Cruces Country Club bankruptcy in limbo after twists, turns
(DBN)

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Fraud:

Prosecutor: Man's drink scam defrauded Ne-Yo, Brian McKnight
(DBN)

Premium Point founder, members plead not guilty to fraud charges
(DBN)

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Farming:

After Grant Family Farms bankruptcy, creditors were left with nothing while new CSA kept borrowing
(DBN)

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Consultants:

Alix takes on consulting competitor in court
(DBN)

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Economy:

Fed Raising Rates in Fear of What's Coming
(DBN)

St. Louis Fed's Bullard says rates already near neutral, no more raises needed
(DBN)

Fed could have to raise interest rates above 3%, Mester says
(DBN)

No, the U.S. Economy Isn’t Overheating
(DBN)

US should watch its debt pile before 'things get out of hand,' Fed's Mester says
(DBN)

Americans On Pace to Amass a Collective $4 Trillion in Consumer Debt by the End of 2018
(DBN)

Early Q2 GDP Forecasts
(DBN)

Gary Cohn Sounds Like He Escaped a Cult
(DBN)

Consumer sentiment holds steady in May as Americans anticipate Fed rate hikes
(DBN)

Canada's foreign minister keeps scribbling notes on her hand, and they could provide clues about the NAFTA talks GOP Senator Toomey: Trump Has No Authority to Exit NAFTA NAFTA May Not Bring Back More US Auto Jobs New deadline for NAFTA could make for an interesting week in markets Trump Grumbles About NAFTA's `Disaster' as Deal Deadline Looms
(DBN)

Trump to Automakers: Build More Cars Here Trump Calls Chrysler CEO His Favorite
(DBN)

Jockey GC Talks Trump, Tariffs and Trade War Threats Trump says he told his Commerce Department to lift a trade ban on Chinese phone company ZTE Trump's signal on ZTE helps make China great again What Trump's ZTE Tweets Tell Us About China And The Bigger Issue Of A Trade War President Trump says he's working with China to save ZTE China 'highly' commends Trump's 'positive remark' on ZTE Bolton ramps up rhetoric over Iran, says sanctions on European companies are 'possible' U.S. trade department braces for criticism from U.S. companies over China tariffs NRF: Proposed tariffs will be ‘counterproductive’
(DBN)

US Manufacturing Destruction is China's Fault Trump Tells US Commerce to Save China Jobs
(DBN)

Is the World's Next Financial Crisis Coming?
(DBN)

U.S. trucker shortage driving up cargo costs
(DBN)

Americans are taking more vacation time—why that’s a good sign for the economy
(DBN)

Why Texas is labeled Canada on this map of the ‘ridiculously large’ U.S. economy
(DBN)

Michigan’s GOP has a plan to shield some people from Medicaid work requirements. They’re overwhelmingly white.
(DBN)

Blue districts have higher uninsured rates and more poverty
(DBN)

The GOP Struggle to Sell the Tax Cuts
(DBN)

The Decline of American Motherhood
(DBN)

How Artificial Intelligence Is Taking Over the Economy
(DBN)

Prospects slowly looking better for moms and dads who are hourly workers
(DBN)

US Debt Clock
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World Debt Clock
(DBN)

How People Really Live
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Real Estate:

Twice as many single women are buying homes as men
(DBN)

'A difficult pill to swallow:' California's housing industry is bracing for a new regulation that could make its affordability crisis worse California Prays to the Sun God California shatters tax revenue expectations
(DBN)

How bad is Silicon Valley's housing crunch? More than 6000 people applied for 95 affordable units
(DBN)

Banks offer Hawaii volcano victims relief on mortgage payments, quick loans Big Island braces for worse lava flows More than 1,000 homes at risk in Hawaiian volcanic eruption
(DBN)

Homebuilders poised for gains but face interest rate fears
(DBN)

El Paso billionaire Paul Foster, others make $6.2M in offers on Abraham buildings
(DBN)

D.C. Appeals Court holds that a condominium association may not foreclose on its super-priority lien while leaving the property subject to the first-lien mortgage
(DBN)

"Homesource Partners Inc." Owner Sentenced to 96 Months Prison
(DBN)

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Municipalities:

Muni Lowdown
(DBN)

Listless And Lonely In Puerto Rico, Some Older Storm Survivors Consider Suicide
(DBN)

Finding the good beyond the crisis
(DBN)

COFINA Senior Bondholders Coalition Discloses Participation in Constructive Settlement Discussions to Help Resolve Puerto Rico’s Debt Crisis
(DBN)

Fastest Growing and Shrinking US Cities
(DBN)

The States Are Strapped
(DBN)

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Oil/Gas:

The 130-Year-Old Bankruptcy That Created a $5 Billion Oil Giant
(DBN)

Tesla's latest competition in making efficient truck to crisscross country: Big Oil
(DBN)

Shale Very Strong for US for 15-20 Years
(DBN)

Shale Production Booms As Global Supply Wobbles
(DBN)

Baker Hughes: US Drillers Add Oil Rigs For Sixth Consecutive Week Rig additions keep rolling along
(DBN)

OPEC raises oil supply forecast on surging US output, but warns about global growth uncertainty
(DBN)

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Pharma:

Trump's Plan to Cut Drug Prices Leaves Industry Relieved Pharma stocks boom after Trump's drug speech Reckoning for Drug Middlemen Is Postponed, Not Canceled Trump's plan for drug costs goes easy on Big Pharma Big Pharma Gets a Big Win From Trump Trump Plan Won't Fix High Drug Prices Trump's drug plan isn't as tough as his talk—but the real risk could come later Trump's Unimpressive Plan to Lower Drug Prices The holes in Trump's drug pricing plan CVS applauds President Trump’s campaign to slash drug prices
(DBN)

Here's the most obvious way to reduce drug prices that the US is missing
(DBN)

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Autos:

Is Tesla's Default (Or Bankruptcy) Imminent? Is Tesla's Bankruptcy Risk Really Same As Ford And GM? Elon Musk's fame used to be a huge advantage for Tesla — but now it's becoming a problem Elon Musk: Untethered from Reality Tesla says top vehicle engineer Doug Field is 'taking time off' amid Model 3 production woes Struggling Tesla Faces an Investor Insurrection Wall Street is getting one critical thing wrong about Tesla Tesla's Exodus of High Profile Executives
(DBN)

F-150 Production Could Restart This Friday
(DBN)

Takata Air Bags Linked to 278 Injuries, 15 Deaths in U.S.
(DBN)

Trump, top car executives meet amid struggle over efficiency rules for autos
(DBN)

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Personal Finance:

10 apps that can help anyone pay down their debt faster
(DBN)

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Tax:

Years of budget cuts shrink the IRS, and corporations are the big winners
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Television:

Why Traditional TV is in Serious Trouble
(DBN)

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Musical Instruments:

Why did Gibson Declare Bankruptcy?
(DBN)

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Compensation:

Companies with closer CEO pay ratios may generate higher profit per worker
(DBN)

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Guns:

Why BofA's Hard Line Against Assault Rifles Hasn't Pleased Gun Activists
(DBN)

Parkland Father Responds To NRA President Oliver North
(DBN)

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Gambling:

At 40, are Atlantic City casinos healing or courting danger?
(DBN)

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Healthcare:

When credit scores become casualties of health care
(DBN)

Preferred Care wants more time for Ch. 11 plan amid property talks
(DBN)

The Projected Improvement in Life Expectancy
(DBN)

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Corporate Reform:

Opponents Seek To Kill Consumer Protection Agency By A Thousand Cuts
(DBN)

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Pensions:

Wilshire: State Pensions Are Over 70% Funded
(DBN)

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Mass Torts:

Two trials, same result: Sheldon Silver guilty of using public office to make millions from asbestos lawsuits
(DBN)

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New Bankruptcy Opinions
(6 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 (5 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)

Chapter 11 Bankruptcy Case Studies
(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 MN: Updated Case Filing Statistics
(DBN)

BK CD CA: Filings Up Slightly in April 2018
(DBN)

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IP:

First Circuit: Trademark Licensee Doesn't Retain Rights After Rejection by Bankrupt Licensor
(DBN)

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Safe Harbors:

The Safe Harbor Provision of the Bankruptcy Code Redefined
(DBN)

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Settlements:

Bankruptcy Trustee's Compromise With Offshore Trust Fails To Win Court Approval In Olson
(DBN)

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Trustees:

BK WD WA Seeks Ch. 13 Trustee
(DBN)

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Media:

Univision's Gizmodo Media Seeks Court Shield From Peter Thiel-Funded Lawsuits
(DBN)

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Retailing:

Toys R Us execs are leaving the company before all of its stores close in a 'very unusual' move Report: Toys ‘R’ Us execs are exiting early—with bonuses
(DBN)

Toys R US CEO Pocketed $2.8M Bonus
(DBN)

Toys R Us Pain Could Be Gain For The Children’s Place
(DBN)

At Toys 'R' Us, a $200 Million Debt Problem Could Lead to $348 Million in Fees
(DBN)

It's lawyers before landlords in Toys “R” Us bankruptcy
(DBN)

American Apparel Will Open First Store After Bankruptcy
(DBN)

Apple made more profit in 3 months than Amazon has generated during its lifetime
(DBN)

Merrill: "Retail spending stalls again"
(DBN)

Macy's may not be closing stores 'fast enough'
(DBN)

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Politics:

Mike Pompeo says North Korea will be 'brimming with prosperity' if it gets rid of nuclear weapons Pompeo: U.S. will provide economic aid to a denuclearized North Korea Trump thanks North Korea for dismantling nuclear test site
(DBN)

Bloomberg: Epidemic of Lies Threatens US
(DBN)

Russian ads focused overwhelmingly on race
(DBN)

How popular is Donald Trump?
(DBN)

Sorry, John Kelly, ‘overwhelmingly rural people’ are a big part of ‘our modern society’
(DBN)

‘Americans are Being Held Hostage and Terrorized by the Fringes’
(DBN)

Michael Bloomberg: An 'epidemic of dishonesty' in Washington is threatening American democracy
(DBN)

Whatever Happened to Draining the Swamp?
(DBN)

White House: AT&T's payments to Trump lawyer Michael Cohen 'the definition of draining the swamp'
(DBN)

In leaked conversation, Sarah Huckabee Sanders lambastes White House staffers over leaking
(DBN)

Hayden on Trump: Treats Allies as a Burden
(DBN)

John McCain Admits Iraq War Was a Mistake White House Aide And Former Fox Expert Mock McCain As Dying and A Traitor
(DBN)

"Not the way I would deal with people," former Defense Secretary Gates
(DBN)

Trump FactCheck: A "catch and release" immigration policy "is a Democrat rule, Sherrod Brown, this is a Democrat rule." Pence FactCheck: "Illegal crossings at our southern border have been cut by over 40 percent."
(DBN)

Why Obama vs. Trump Is Such A Blowout
(DBN)

Kelly's agonizing relationship with the press
(DBN)

This man runs a federal agency near Washington — from his home in Dallas
(DBN)

Trump Unloads on DHS Secretary - "We need to close the border, shut it down" Trump’s Latest Cabinet Tirade Lasted 30 Minutes
(DBN)

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Student Debt:

Student Loan Debt Poses Threats to U.S. Economy
(DBN)

Student Loan Debt Hits Record High And That’s Good
(DBN)

Federal student loans are about to get more expensive
(DBN)

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Advertising:

New Chapter 11 Filing - Videology Inc.
(DBN)

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Travel:

Southwest hero pilots reveal they 'pushed fear' away in landing plane
(DBN)

Woman's tarmac tirade forces everyone off Spirit Airlines plane
(DBN)

Who does the middle armrest belong to? The in-flight etiquette debate rages on
(DBN)

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UK:

Scarborough Care Home Owner Calls For Action On Insolvency
(DBN)

Care home insolvencies rise amid pressure from living wage costs
(DBN)

Santander discloses £91m bad debt from Carillion reverse factoring Carillion used suppliers as credit facility, MPs find Ex-Carillion bosses should face board ban probe, MPs to say
(DBN)

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PIIGS:

Italy: When necessity is the mother of invention: new insolvency proceedings for consumers
(DBN)

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Argentina:

The IMF could push Argentina from a currency crisis into a debt crisis
(DBN)

Why Argentina matters
(DBN)

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MENA:

Mideast Bond Saga Set to End as Dana in Deal With Creditors UAE's Dana Gas agrees $700m sukuk restructuring deal
(DBN)

World Prepares for New US Sanctions on Iran Without Iran deal, U.S. sanctions tool will lose force
(DBN)

Ivanka Trump and Jared Kushner are in Israel to open US embassy in Jerusalem amid massive Palestinian protests At least 18 Palestinians killed in protests ahead of embassy opening Why Trump moving the US embassy to Jerusalem infuriates the Middle East and enflames geopolitics US embassy in Jerusalem will increase Middle East instability, warns Saudi Arabian prince Untold Story of the '95 Jerusalem Embassy Act Romney denounces pastor slated to speak at US embassy in Jerusalem
(DBN)

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China:

Chinese Tech Giant on Brink of Collapse in New US Cold War
(DBN)

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India:

Bitter court wars bog down Arcelor, Tata as India law tested
(DBN)

Modi’s war on NPA in jeopardy?
(DBN)

Treating home buyers as financial creditors may hurt funding
(DBN)

Distressed asset investments in India
(DBN)

Customer rights remain grey area in Insolvency & Bankruptcy code
(DBN)

Extended disputes hamper India’s new bankruptcy law
(DBN)

Bad loans push four Indian state banks to combined $1.74 bln Q4 loss
(DBN)

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Japan:

Japan redraws its line in the sand for poverty
(DBN)

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Venezuela:

Conoco has seized Venezuela PDVSA products from the Isla refinery: Curacao ConocoPhillips may be worse for Venezuela than U.S. sanctions
(DBN)

A $2 Billion Ruling Adds to Venezuela's Woes
(DBN)

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Brazil:

Latin recovery fails to save Viracopos airport as operator files for bankruptcy
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Russia:

Russian Corporate Governance Plays by Its Own Grim Rules
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