May 29, 2018

The Daily Bankruptcy News

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Law:

Partners: Lead, Follow Or Get Out Of The Way
(DBN)

Glass Ceiling Report, By The Numbers • Why Are All The Partners Still Men?
(DBN)

Law school reckoning: University of Minnesota wants more subsidies to stay selective
(DBN)

Want to Practice Law Like an Ironman? Know Your Metrics
(DBN)

Don’t Judge Your Adversary By His Cover
(DBN)

3 Things You Need To Know When Starting Out In BigLaw
(DBN)

What People Who Have Left The Law Do Differently
(DBN)

Brooklyn Law School Parts Ways With Dean
(DBN)

NC Central Law School Replaces Dean, Shrinks 1L Class (By 33%), And Imposes Minimum LSAT (142) And UGPA (2.96) Admissions Requirements To Address ABA's Accreditation Concerns
(DBN)

Yet Another Subpar Law School Sues The ABA In ‘Accreditation-By-Lawsuit’ Strategy • Another Law School Sues the American Bar Association • Admissions, Accreditation and the ABA: An Analysis of Recent Law School Lawsuits • Third Law School Represented By Kirkland & Ellis Sues ABA Alleging Arbitrary Enforcement Of Accreditation Standards
(DBN)

Should Law School Be More Like Chipotle?
(DBN)

The Secret Science of Mingling
(DBN)

Lawyers, Fear Not the Smart Contract
(DBN)

Law Firms: Market Trends and New Issues in Canada – 2018
(DBN)

Lawyers Need Vacations. Case Closed.
(DBN)

Michael Cohen met with a Russian oligarch in Trump Tower 11 days before Trump's inauguration • It looks like 3 of the biggest issues in Michael Cohen's case are going to be addressed in his next hearing • The FBI has obtained wiretaps of a Putin ally tied to the NRA who met with Trump Jr. during the campaign • Michael Cohen: inside the strange world of Trump's fixer • Why Manafort's Ex-Son-in-Law's Lawyers Quit • Stormy Daniels' lawyer Michael Avenatti has become a 'hero' on the left — and he has an aggressive fan base • Why Avenatti's Financial Past Hurts Stormy Daniels • Stormy Daniels' Lawyer Michael Avenatti Responds to Scaramucci's 'Full Head of Hair' Crack • Trump laments ‘young and beautiful lives’ destroyed by collusion investigation • Rod Rosenstein Makes a Devil’s Bargain • Former prosecutor believes Paul Manafort will plead guilty after exhausting “Hail Mary” strategy • Giuliani Booed on His Birthday at Yankee Stadium • Watergate Reporter Says Trump is Trying to Keep the American People in the Dark on Russia • Bob Mueller's White Hot Summer • Trump: Mueller investigation "will be MEDDLING" with midterms
(DBN)

Conservative Christian lawyers gain influence under President Trump
(DBN)

DE Supreme Court Clarifies Contract Formation and Forum Selection Clause Principles
(DBN)

Poll: 64 percent of Americans say racism remains a major problem
(DBN)

Harvey Weinstein charged with 4 offenses, ordered not to leave New York or Connecticut • If Harvey Weinstein Gets a Trial Just Like Bill Cosby's This Will Be How it Goes • Harvey Weinstein wanted to make a documentary on himself • Donald Trump says he's 'not familiar' with accusations against alleged predator Harvey Weinstein • She Went to Interview Morgan Freeman. Her Story Became Much Bigger • Morgan Freeman’s Alleged Harassment Victims Lawyering Up With Attorney Who Took on Weinstein and Cosby • Harvey Weinstein’s accusers will face him on the stand — just like Cosby • The military's code of silence leaves its women with 'unspeakable shame' • Mario Batali's Las Vegas restaurants to close amid assault allegations • Harvey Weinstein’s Been Arraigned — Now What?
(DBN)

Student and teacher injured, suspect in custody after shooting at middle school in Noblesville, Indiana, police say • Teacher who tackled school gunman speaks publicly for the first time • Gun-loving Iceland hasn't had a shooting murder since 2007 • After Santa Fe School Shooting, Texas Town Grapples With Bullying • 2018 has already outpaced 2017 in K-12 school shooting deaths
(DBN)

FBI got tips about Oklahoma City shooting suspect's videos
(DBN)

How US Gov't Lost 1,500 Immigrants Kids • Trump blames Democrats for his policy of separating families at border • Stunning images show where the US detains migrants crossing the southern border • Your questions about the U.S. losing 1,500 migrant kids, answered • HHS responds to uproar over undocumented children
(DBN)

Fact check: Trump on immigrant and a murder in Los Angeles
(DBN)

DNA links barber to Texas newlywed's cold case murder from 1979
(DBN)

Apple has reportedly decided next year's new iPhones will all use high-end screens
(DBN)

Too Much Job Strain Can Lead To Depression By Age 50, Researchers Warn • Middle-Aged Lawyers & Onset of Mental Illness - Now We Know More
(DBN)

Why are 8,000 Starbucks locations closing this afternoon? • Starbucks has completely changed what is and isn't allowed in stores — here's what customers need to know • Starbucks Kicks Decisions Back To Their Store Employees • Is Starbucks losing its mojo?
(DBN)

The Lawyer At The Center Of The First Memorial Day Ceremony
(DBN)

Attorney Gets 8 Years For Aiding Payday Lending Scheme
(DBN)

Ex-BigLaw Atty Convicted Of Wife's Murder Faces Civil Suit
(DBN)

Man Throws Hot Coffee in McDonald's Worker's Face
(DBN)

'Sesame Street' Sues Film Cos. Over Raunchy Movie Tagline
(DBN)

Four Female Cops Caught Posing With Male S------- at Senior Center
(DBN)

Woman Tells Korean-American Air Force Vet ‘This Is My Country,’ Calls Him ‘Ugly Chinese’
(DBN)

Homeowner Tried To Shoot Down Hovering Drone
(DBN)

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Judges:

Nonanswers Pave Way for Judicial Nominees at Senate
(DBN)

Black Defendants Get Longer Sentences From Republican-Appointed Judges, Study Finds
(DBN)

Mass. Judge In S-- Scandal Resigns Day After Suspension
(DBN)

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Wall Street:

Dow is set to open down 200 points as Italian politics rattle investors • Here’s why markets are worried about Italian politics — again
(DBN)

Italian stocks down 3% on political turmoil as European markets slump
(DBN)

US stocks close mostly lower but book weekly gains
(DBN)

An ultra-risky part of the market is the most out of whack since the financial crisis — here's what that means for investors
(DBN)

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Layoffs:

Deutsche Bank job cuts being felt from Britain to Australia
(DBN)

Over 250 Trader Joe's employees facing layoffs
(DBN)

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Politics:

Trump wishes everyone Happy Memorial Day, says soldiers who 'died for our great country' would be proud of his accomplishments • Trump's "Happy Memorial Day" tweet focuses on economy • The surprisingly partisan history of Memorial Day • Trump: Can't Spell Memorial Day Without "Me" • Retired General Slams Trump Over Memorial Day Tweet • Obama says 'We can never truly repay the debt we owe our fallen heroes'
(DBN)

GOP Congressman Quits Over Prez Questions
(DBN)

Republican congressman will quit Congress: "I am an alcoholic" • GOP congressman resigns over his alcoholism just days after former staffers accused him of treating them as 'servants' • I'm a Drunk: Garrett Again to Quit Congress
(DBN)

FactCheck: Trump at Annapolis Graduation
(DBN)

Trump slaps 'phony' label on aide's comments in White House-arranged call
(DBN)

Trump cuts North Korea some slack, saying Singapore summit could happen and 'everyone plays games' • Leaders of North and South Korea hold surprise meeting before a planned summit between Trump and Kim Jong Un • US delegation travels to North Korea for potential summit preparation • Trump administration is reportedly prepared to issue tough new sanctions on North Korea, but could hold off • South Korea keeps door open to more talks with North Korea • Infamous North Korean to head to US to prepare for Trump-Kim summit • US reportedly backs off new North Korea sanctions as talks about a future summit progress • Diplomatic Flurry Precedes US-NKorea Summit • NKorea Sees US Economic Handouts as Threat
(DBN)

John McCain’s shocking concession on the Iraq War: it was a “mistake”
(DBN)

GOP House candidate in Illinois is a 9/11 truther, said Beyonce had ties to the Illuminati • A vulnerable Republican thinks homeowners should be able to discriminate against LGBTQ people
(DBN)

Aides to a GOP congressman say they spent most of their days chauffeuring their boss's family and cleaning up dog poop
(DBN)

The NFL's new national-anthem policy was not as unanimous as the league wants people to believe • In appeasing Trump, the NFL created an entirely new set of problems with its national-anthem policy • The NFL’s “take a knee” ban is flatly illegal • No, NFL Players Do Not Have A Constitutional Right To Protest During The National Anthem • NFL's tangled ties to national anthem don't run deep • Colin Kaepernick's collusion case against the NFL has reportedly already uncovered evidence that shoots down one of the biggest arguments against him • #BoycotNFL Grows Momentum After Celebs, Leaders Join • The Arc of History Bends a Knee Toward Kaepernick
(DBN)

The White House staffer who insulted John McCain accused her boss of leaking to the press — right in front of Trump
(DBN)

George H.W. Bush hospitalized in Maine after 'fatigue'
(DBN)

Memorial Day Finds Americans Very Positive About Military
(DBN)

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Student Debt:

Mike Meru Has $1 Million in Student Loans. How Did That Happen?
(DBN)

More on "Undue Hardship" and Student Loans in Bankruptcy
(DBN)

How to fix the bankruptcy system for student loan borrowers
(DBN)

The Case For Increasing Student Loan Debt — Expanding College Affordability By Expanding Income-Driven Repayment
(DBN)

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Maritime:

Linda Line declared bankrupt by court
(DBN)

______________

Environmental:

Avoca plaintiffs suing for $619M more of Kerr-McGee settlement
(DBN)

______________

Tech:

Do Not Sell My Personal Information: California Eyes Data Privacy Measure
(DBN)

______________

Telecoms:

Avaya wants to “energise” its partner ecosystem post- bankruptcy
(DBN)

______________

Finance:

Banks Hunting Growth Loosen Terms on Business Loans
(DBN)

______________

Economy:

The Wall Street bankers who feast during recessions say there's a 'smell in the air' and it's starting to feel like 2007
(DBN)

Fed chief Powell: We're still assessing 'efficiency' of banking reforms • Fed Chair Powell: "Financial Stability and Central Bank Transparency" • Fed's Powell Says Central Banks Can't Take Independence for Granted
(DBN)

Fed Officials Say Raising Rates Gradually Remains the Best Approach
(DBN)

Fed's Bullard: It's difficult for the US to raise rates far beyond other central banks
(DBN)

Q2 GDP Forecasts • Fed Staff Nowcast stands at 3.0% for 2018:Q2
(DBN)

Global growth is still relying on ‘policy crutches,’ says OECD chief
(DBN)

10-Year Treasury Constant Maturity Rate: 2.98 On May 25
(DBN)

Economic Advisors Fear Tariffs Kill Our Jobs • GOP-Trump trade fight boils over with threat to cars • Trump's Trade Wars Could Linger for Years • Trump trade advisors Ross and Lighthizer to meet the EU's top trade official this week • Markets need more clarity, and progress, on US trade and foreign policy issues • Ivanka Trump won China trademarks days before her father's reversal on ZTE • Trump administration has deal to save ZTE • Trump Strikes Deal With ZTE, Roiling Capitol Hill • Trump is giving Japan's Shinzo Abe a hard time on trade despite their personal friendship • Theresa May's hopes of a quick Brexit trade deal with Trump are 'not going to happen' • Companies become bargaining chips in US-China trade turmoil • Krugman: Trump’s Manchurian Trade Policy
(DBN)

China is now producing more steel than the rest of the world combined • European trade officials are set to meet their US counterparts days before an exemption from Trump's steel and aluminum tariffs expires
(DBN)

Team Trump Runs Out of Road on NAFTA Talks
(DBN)

China has the largest forex reserves in the world — here's how other countries measure up
(DBN)

WTO: US and China Clash Over Tech Transfer
(DBN)

Fed relying on biased data that makes 'B-minus economy' look like an 'A+" : James Bianco
(DBN)

The Gig Economy is Coming to Your Office
(DBN)

Authors of GOP Tax Law Becomes Lobbyists
(DBN)

America's Economy: The 75 Cent Dollar Store
(DBN)

Here’s who to blame for rising gasoline prices • The surprising reason it costs so much to fill your gas tank
(DBN)

Harley Plant Workers Living in a Bad Dream
(DBN)

7 ways life is more expensive today for American millennials than previous generations
(DBN)

The world's working-age population is set for a slowdown — here's what that could mean for the global economy
(DBN)

The U.S. needs 50,000 truck drivers to avoid a shipping squeeze
(DBN)

Hotels: Occupancy Rate decreases Year-over-Year, Close to Record Annual Pace
(DBN)

Lawler: "US Deaths Jumped in 2017"
(DBN)

Mapping America’s Aging Population
(DBN)

There Are Far More Billionaires In The United States Than Anywhere Else In The World
(DBN)

Will the next generation squander the largest wealth transfer in history?
(DBN)

Millennials born in 1980s may never recover from the Great Recession
(DBN)

US government proposes removal of the so-called 'startup visa'
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Home values are skyrocketing at the fastest pace since 2006
(DBN)

Mortgage rates are about to rise — but the housing market is well positioned to adapt
(DBN)

Why Home Prices And Mortgage Interest Rates Are Rising
(DBN)

Freddie Mac: Homebuyers are resilient despite housing market challenges
(DBN)

10 states where you won't get much home for your money
(DBN)

Why this summer may be house-hunting hell
(DBN)

El Paso: Judge questions Abraham building deal
(DBN)

Chicago: Defendant in Spire suit says bankruptcy settlement included agreement not to sue
(DBN)

Lava from Hawaii volcano destroys 10 more houses
(DBN)

Apartment Rent Concessions are 'Back With a Vengeance'
(DBN)

5 things to know about investing in single-family rental homes
(DBN)

____________

Municipalities:

Puerto Rico bankruptcy judge says she, not local court, will decide COFINA legality
(DBN)

Puerto Rico creditors prevail in document-disclosure dispute
(DBN)

New developments in Puerto Rico Title III bankruptcy
(DBN)

Vacant for decades, Detroit's train station may get new life
(DBN)

The Revenge of the Underpaid Teachers
(DBN)

Some public pension funds could run dry in downturn
(DBN)

______________

Oil/Gas:

Oil prices could soon 'spike' toward $100 a barrel regardless of OPEC and Russia, strategist says • Oil slumps as OPEC, Russia look to raise output amid US surge • Shale Surges, But Oil Market Power Swings Back to Saudis • Oil prices are falling fast. Here's why • Oil plunges most in 11 months as Saudis hint taps will open up • Who Has the Capacity to Boost Oil Output?
(DBN)
(DBN)

U.S. oil-rig count makes biggest weekly climb since February • U.S. oil rigs jump by 15 • Oil Rigs: "Big rig add reversing last week"
(DBN)

US Oil Exports Are Only Heading Higher
(DBN)

______________

Movie Theaters:

An inside look at how MoviePass will make money distributing movies, and what will happen if the company goes bust
(DBN)

______________

Aviation:

The US and EU are at odds again over Airbus subsidies
(DBN)

______________

Retailing:

Toys R Us Bankruptcy Is A Long-Term Benefit For Carter's
(DBN)

Gap is doubling down on one of retail's deadliest mistakes • Inventory pileup at Gap hurts Q1
(DBN)

The future of shopping will include body mapping, robot assistants and ‘just walk out’ stores
(DBN)

______________

Entertainment:

Weinstein Co. assets face unclear future under Lantern Capital
(DBN)

______________

Travel:

American Airlines Passenger Arrested After Brawling When He Wasn't Served More Beer
(DBN)

American Airlines' new emotional support animal policy: Spiders, no. Miniature ponies, maybe.
(DBN)

______________

Autos:

Elon Musk may never deliver a $35,000 Model 3—and that would actually be great news for Tesla • Elon Musk's Idea of Excellent Journalism • Elon Musk Not Done Slamming the Media • Tesla's 'Autopilot' system is anything but, say safety experts
(DBN)

Germany bans some Daimler diesel cars from roads
(DBN)

Nissan to Cut US Production by 20%
(DBN)

______________

Celebs:

Plastic Surgery Queen Jocelyn Wildenstein Files For Bankruptcy
(DBN)

______________

Personal Finance:

Here’s how to actually get out of work early for summer Fridays
(DBN)

Retiring abroad: great health care, cheap rent. Here’s the catch
(DBN)

Here's all you need to do in your 30s for a great financial future
(DBN)

The single woman's guide to managing money at every age
(DBN)

______________

Pensions:

Failed Plan Members May Receive Only Fraction of PBGC Minimum
(DBN)

______________

Currency:

Bitcoin sucks up so much energy, it could stop being profitable
(DBN)

______________

Tourism:

Kilauea eruption slows flow of Big Island tourist dollars • Kilauea Volcano Disrupts Big Island's Tourist-Dependent Economy
(DBN)

______________

Software:

How Did This Entrepreneur Pull Cvent out of bankruptcy
(DBN)

______________

Television:

Satellite TV’s tricky future in the cord-cutting era
(DBN)

______________

Marijuana:

Foreign cartels make big business of black-market marijuana in legal states
(DBN)

______________

 
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 (5 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (44 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)

______________

Bankruptcy Statistics:

Weekly Bankruptcy Claims Trading Activity
(DBN)

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Settlements:

Fifth Circuit Reviews Approval of Adversary Proceeding Settlement for Abuse of Discretion
(DBN)

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Jurisdiction:

Bankruptcy Court Extends Personal Jurisdiction to Foreign Online Customer in Fraudulent Transfer Litigation
(DBN)

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Miscellaneous:

Rochelle Weekly
(DBN)

International Credit Deep Dive
(DBN)

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Ch. 13:

All Is Not Lost: Courts Allow Debtors to Redeem Sold Real Estate Taxes in Bankruptcy to Avoid Losing Their Property
(DBN)

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TBTF:

A Functional Analysis of SIFI Insolvency
(DBN)

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Taxis:

Another Taxi Driver in Debt Takes His Life. That's 5 in 5 Months
(DBN)

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Weather:

'Catastrophic and life-threatening' flash floods topple buildings, wash away cars and turn streets of Maryland into brown, raging rivers • River rises 17 feet in 2 hours • Maryland Governor Declares State of Emergency • Maryland county grapples with devastation left behind by flash flood
(DBN)

Millions in Gulf states in powerful storm's path • 'Alberto' to Hit Florida Before Hurricane Season • Tropical Storm Albert Makes Landfall • TV anchor, photojournalist killed when tree falls on vehicle • Alberto downgraded to subtropical depression, heavy rains expected
(DBN)

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Food/Beverage:

OH: Bankruptcy court OKs West Point Market’s plan to remain open
(DBN)

Pension deal removes potential $180 million hurdle in Tops bankruptcy
(DBN)

Bordeaux vineyards face bankruptcy after hailstorm
(DBN)

______________

Healthcare:

New Chapter 11 Filing - EBH Topco LLC (a/k/a Element Behavioral Health Inc.)
(DBN)

Many cancer patients juggle care along with financial pain • Preparing for the cost of cancer, let alone the care
(DBN)

Health Subsidies Will Cost More Than $1 Trillion by 2028: CBO
(DBN)

"Medicare for All" is a winner in Democratic primaries
(DBN)

Harvard scientists say these 5 things can prolong your life by a decade
(DBN)

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Banking:

May 2018: Unofficial Problem Bank list; Which Bank is the "Mystery" Problem Bank?
(DBN)

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Radio:

Creditor Files Appeal Of Approval Of Cumulus Bankruptcy Plan
(DBN)

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Electricity:

Lobbyist tied to Perry seeks energy firm bailout
(DBN)

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UK:

Landlords slam 'unfair' high street restructuring process • Landlords urge action to halt retail rent abuses
(DBN)

UK: Austerity is Changing Everything
(DBN)

Clifford Chance faces potential SRA investigation over controversial RBS review
(DBN)

House of Fraser 'could close stores' amid insolvency
(DBN)

Landlords in revolt over growing 'abuse' of CVA insolvency plans
(DBN)

A Brexit trade deal with Trump would put British farmers under 'severe threat' warns former ambassador to US
(DBN)

Bankrupt man set fire to removal van
(DBN)

FTSE 100 Pension Plans Reach Surplus for First Time in 10 Years
(DBN)

______________

PIIGS:

Traders are worried this could be the 'big unwinding' of Italian bond markets • Cost to insure Italy debt against default ratchets higher • Italy Central Bank Says Confidence at Risk if Debt Not Reined In • Italy financial markets plunge on political turmoil • Italian stocks drag down Europe as political worries fester • Italy's president calls in former IMF official amid political turmoil • Italy's caretaker leader 'will fail' to unite political parties with confidence vote, analyst warns • Everything you need to know about the Italian political crisis — which could bring about the demise of the eurozone • Italian President’s Loyalty to the Euro Creates Chaos • Italy's political pandemonium is remarkable even by Italian standards • Only Italy can save itself from self-inflicted woe • Italy's clash with the euro may just be getting started
(DBN)

Political Uncertainty in Italy and Spain Roils Markets
(DBN)

Greece's creditors , IMF fall short of debt deal
(DBN)

Greece's Piraeus Bank to sell $1.7 billion bad loans to Bain Capital
(DBN)

______________

Venezuela:

'The bleak outlook from inside Venezuela's deepening crises
(DBN)

Venezuela Hyperinflation In Perspective
(DBN)

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India:

RCom's lenders challenge insolvency process • Unravelling the RCom, Ericsson dispute • NCLAT to hear RCom's appeal against insolvency proceedings • India's bankruptcy appeal court defers RCom-Ericsson case hearing • RCom Says It Has Settled Dispute With Tower Unit Minority Shareholders
(DBN)

Jet Airways headed for bankruptcy ?
(DBN)

Air India Sale: Private Players Play Hardball as Deadline Looms Large
(DBN)

Why India's new bankruptcy law is reshaping big business
(DBN)

Lenders back UltraTech
(DBN)

As Liquidation Looms In Four Large Cases, Banks Prepare For The Long Haul
(DBN)

Debt-ridden farmer ends life
(DBN)

Two years of the Insolvency and Bankruptcy Code: The hits and misses
(DBN)

IBC not being used to full extent; creditors need to do more: IBBI chief
(DBN)

Foreign Financial Creditor Initiates Insolvency Proceedings Against Guarantor Basis A Foreign Decree
(DBN)

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China:

China needs independent bankruptcy courts to kill off 'zombie' firms
(DBN)

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Australia:

Leigh Sales grills Clive Palmer over Queensland Nickel • After just two questions, Clive Palmer tells Leigh Sales 'keep quiet' • Clive Palmer insists he owes no debt to workers despite asset freeze • 'It's a political witch hunt' • 'It's my money'
(DBN)

A secret government report uncovered China’s attempts to influence all levels of politics in Australia
(DBN)

Bankwest bullied business customers into bankruptcy
(DBN)

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Bahamas:

Insolvency Association Launches In Bahamas
(DBN)

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Japan:

Buddhist priest leads post-Fukushima battle against banks
(DBN)

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Germany:

Lufthansa spared antitrust probe after rival's collapse
(DBN)

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South Korea:

South Korea to provide economic support to hard-hit shipbuilding regions
(DBN)

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MENA:

Dozens of mortar shells fired from Gaza in largest barrage since 2014
(DBN)

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