May 30, 2018

The Daily Bankruptcy News

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Law:

The Glass Ceiling Report: A ‘Bleak’ Picture For Women In The Legal Profession
(DBN)

The Best Law Firms For Female Attorneys
(DBN)

Reform Or Retreat? UK Firms Eye Next Steps On Pay Data
(DBN)

How Women Are Changing The Law Firms They Lead
(DBN)

Law School Professor Goes On Homophobic Rant For The Ages
(DBN)

Is Sandra Goldstein the Highest Paid Female Partner in Big Law?
(DBN)

Amid Anthem Debate, NFL Players Disclose Top Legal Billers
(DBN)

The Law Firm Cybersecurity Audit Grows Up
(DBN)

The End of Bankruptcy: "Contracting Out" Of Bankruptcy
(DBN)

Using Reply-All To Show Your Biglaw Firm You’re A Jerk
(DBN)

Weil Remembers Stephen Youngman
(DBN)

Haynes and Boone in Houston: Largest Bankruptcy Law Firm in Houston
(DBN)

An Increasingly Acquisitive Polsinelli Sets Up Shop in Seattle
(DBN)

Mediocre Law School Accepts Students Without Them Even Applying
(DBN)

Some Law School Graduates Refuse To Give Up, Even After Failing The Bar Exam Numerous Times
(DBN)

Savannah Law Prof Says Her Termination Was Due To Age/Gender/Disability Bias, Not Poor Teaching
(DBN)

Continued hope for modest law school applicant increase in 2018
(DBN)

University Of Minnesota Law School Seeks $3.6 Million Increase In Subsidy To Maintain Top 20 Ranking
(DBN)

The Biglaw Firms That Do The Best On The Diversity Scorecard (2018)
(DBN)

Norton Rose’s Problems Run Way Deeper Than Losing Abbe Lowell
(DBN)

Why Does Big Law Fail In China?
(DBN)

Best Hate Mail Of The Spring
(DBN)

Special Master Eying Cohen Raid Materials Hands in $47K Invoice for April • 'Special master' in criminal probe of Trump lawyer Michael Cohen bills more than $47,000 for six days' work • The Meter Is Running on Cohen Document Review, Now at $47,390 • Rudy Giuliani Gets A Serving Of Public Humiliation For His Birthday • Judge Shuts Down Manafort's Unredacted Warrants Demand to Protect 'Confidential Sources' • Mueller Moves a New Case Towards Sentencing • Trump lashes out at Mueller's team • Trump lobbied for months to have Jeff Sessions take control of the Russia probe — despite Sessions being a key witness in the investigation • Giuliani Says He Didn't Talk to Trump About Sessions, Gives 'Unrecusal' a Thumbs Up Anyway
(DBN)

The Trump administration is under fire for 'losing' 1,500 migrant children, but everyone is confusing the bigger issue • Trump FactCheck: A "horrible law" requires that children be separated from their parents "once they cross the Border into the U.S." • The facts on 1,500 immigrant children, family separation The facts on 1,500 immigrant children, family separation • Reality check: The facts behind the “missing” immigrant children • Critics are up in arms that the Trump administration is ripping children away from their parents at the border, but that's not necessarily what happens when kids enter the US • Republicans hop on immigration bandwagon ahead of midterms • Trump says Mexico will pay for border wall and 'enjoy it' • Mexico’s president tells Trump: ‘Mexico will NEVER pay for a wall’ • Republican moderates are close to forcing an immigration fight in the House
(DBN)

Starbucks is closing all locations for 'racial-bias education,' and it could cost the coffee giant more than $10 million • Megyn Kelly slams Starbucks for its new open bathroom policy: 'Do you really want to deal with a mass of homeless people?' • What Starbucks is teaching its employees during anti-bias training
(DBN)

Why white people keep calling the cops on black Americans
(DBN)

A US pilot allegedly kidnapped and tried to deport a student back to China — and it points to a much larger trend
(DBN)

Michael Avenatti escalates battle with Wall Street Journal, releases emails he claims show the publication sat on Stormy Daniels story before 2016 election • ‘Completely False’: Michael Avenatti Pushes Back at Accusations That He’s Holding Up Cohen Probe • 'A legitimate threat': Michael Avenatti on his quest to take down a president • Michael Cohen's lawyers are trying to use the $10 million settlement on Michael Avenatti's law firm against him • What Was Avenatti’s Ethical Duty When He Disclosed Cohen’s Bank Records?
(DBN)

Lawyer: Weinstein had long relationship with accuser • Morgan Freeman's lawyer demands that CNN retract its harassment story on the actor • Weinstein Company Seeks to Keep Suit at Bay • Weinstein’s lawyer gripes about ‘inappropriate pressure’ on DA to indict • Harvey Weinstein’s arrest matters — but it’s only a start • Harvey Weinstein's Attorney Worried About Ability of Grand Jurors to Keep Open Mind • A Case of ‘Epic’ Proportion For The #MeToo Movement? • Morgan Freeman’s Legal Claims Against CNN for ‘Scandal-Mongering’ Actually Look Pretty Strong • 'I can't do anything anymore': How #MeToo changed work
(DBN)

Attorney, Ex-NY Dem Leader Gets 3 Yrs For $1.3M Tax Dodge
(DBN)

Quinn Can’t Make Ex-Partners Forfeit Fees, Selendy Attorneys Say
(DBN)

Teen charged with helping roommate commit suicide
(DBN)

One Is a Beaver, the Other Is an Alligator
(DBN)

A trip to the ER with your phone may mean injury lawyer ads for weeks
(DBN)

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Judges:

Little Scalia
(DBN)

Alito Blasts Justices in Scathing Dissent: Fourth Amendment is Not an ‘A--’
(DBN)

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Wall Street:

Dow futures rise by 100 points although traders keep a wary eye on Italy
(DBN)

Italy's political crisis is hitting global markets for a second day
(DBN)

Dow ends nearly 400 points lower as Italy’s political turmoil roils global markets • S&P 500 down by 1.2% • Dow erases year to date gains • Stocks end sharply lower after Italy fears spark selloff • Here's why markets are so scared of the latest Italian political drama
(DBN)

Bank shares pummeled as Italy’s political turmoil sparks government bond selloff
(DBN)

Trillions of reasons why a ‘huge storm’ is looming for investors, in one chart
(DBN)

Red Flags Are Suddenly Rampant in Markets
(DBN)

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Layoffs:

Sykes laying off 377
(DBN)

Indiana: 150 Layoffs at Ripley County Company
(DBN)

Nestle plans to cut up to 500 IT jobs
(DBN)

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Student Debt:

Grad With $340k Of Law School Debt Who Failed Bar Exam Three Times Calls Out California Bar
(DBN)

Many States Can Revoke Professional and Other Licenses as Means of Collecting Unpaid Student Loans
(DBN)

ED Data Shows 109% Increase in Student Loan Defaults Over Last 4 Years
(DBN)

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Politics:

ABC promptly cancels 'Roseanne' hours after racist tweet by its star • ABC cancels 'Roseanne' after Roseanne Barr compares black Obama aide Jarrett to an ape • How social media crushed Roseanne for her racist tweet • Roseanne Apologizes for Racist Tweet • Head of ABC Entertainment: Roseanne Barr's comments ' abhorrent, repugnant' • Roseanne’s lesson after her show is axed: The First Amendment protects you, not your job • Roseanne Barr apologizes to Valerie Jarrett for “ape” tweet. She called Susan Rice the same in 2013 • Roseanne’s Twitter has been full of racism and conspiracy theories for a decade • Valerie Jarrett calls Roseanne's racist comment a "teaching moment" • Why ABC had to cancel Roseanne • Every controversial step that led to ABC canceling its biggest show of the year, 'Roseanne' • How Roseanne Barr Got 'Roseanne' Canceled • Roseanne returns to Twitter hours after quitting Twitter over a racist tweet that got her sitcom canceled • Roseanne goes full conspiracy theorist on Chelsea Clinton • Meet The Woman Who Canceled ABC's Roseanne Sitcom
(DBN)

Republicans don't think Trump is a good role model
(DBN)

Mitt Romney doubles down on past Trump criticism • Mitt Romney’s evaporating courage to call out Trump
(DBN)

North Korea reportedly won't denuclearize, but would open fast food joint to appease President Trump • CIA: NKorea Won't Denuclearize, but Might Like a McDonalds • White House says Singapore summit with Kim Jong Un is 'expected,' just days after Trump canceled it • Pompeo to meet top North Korean official in effort to revive summit • President thanks North Korea for ‘solid’ response as White House preparing for ‘expected summit’ • U.S. attributes malware to North Korea • Experts struggle to determine whether North Korea actually dismantled its nuclear test site • Trump is facing a major test from the dark, hardline official Kim Jong Un has sent to New York City
(DBN)

Why a strong economy won't save Republicans in the 2018 midterms
(DBN)

NFL Owner Testifies Under Oath that He Changed His Mind About Hiring Kaepernick After Trump's Comments
(DBN)

Missouri Gov. Eric Greitens announces he'll resign • Missouri Gov. Eric Greitens, facing possible impeachment, says he will resign • The horrifying misconduct allegations against Missouri Gov. Eric Greitens, explained • The Final Fall of Eric Greitens
(DBN)

Blue-state Democrats have a new cause: Helping millionaires
(DBN)

Trump’s Right-Hand Troll
(DBN)

GAO: White House is Stonewalling Our Inquiries
(DBN)

Trump rips McCain at political rally
(DBN)

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Religion:

Televangelist seeks $54 million for private jet so he can avoid ‘demons’ who infest commercial flights • Evangelist who wants $54M jet says "Jesus wouldn't be riding a donkey"
(DBN)

68% of white evangelicals think America shouldn’t house refugees
(DBN)

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Media:

Didit makes $1.1 mln offer for defunct gossip website Gawker • A Hand Goes Up for Gawker in Bankruptcy Sale
(DBN)

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Economy:

Jobs report expected to point to better hiring — and increased interest rates
(DBN)

The high number of workers getting no pay raise suggests inflation worries overblown
(DBN)

Confidence in the jobs market soars to highest level since 2001 • Consumer confidence bounces back in May, remains at 'historically strong levels' • Consumer confidence is close to 18-year high
(DBN)

OECD Economic Outlook: Stronger global economy, but risks loom large
(DBN)

Fed GDPNow Latest forecast: 4.0 percent — May 25, 2018
(DBN)

Dallas Fed: "Texas Manufacturing Expansion Accelerates Notably"
(DBN)

Soros Worried About Another Financial Crisis
(DBN)

China blasts Trump and escalates trade battle after he makes abrupt reversal on tariffs • China lashes out at US, says it will protect its interests from 'reckless' trade threats • Trump hits China with $50B tariffs, investment restrictions • Trump's trade plate is overflowing • The trade war is back on: Trump gets tough on China ahead of new trade talks • White House plan to carry out Chinese tariffs could derail trade talks • Timing of Ivanka Trump's Chinese trademarks raises red flags • Ivanka Trump exits media call after questions on Chinese trademarks • Ivanka Trump’s China trademarks don’t look or smell good • Ivanka Trump in China: The trademarks raising an ethics firestorm • How the Trump administration can stop the wild roller coaster of its China trade policy • White House plans to release final list of Chinese goods subject to tariffs by June 15 • U.S. to continue trade actions against China -White House • Trump renews tariff threat, complicating upcoming talks • How Trump’s ZTE tweet sparked a bipartisan rebellion • Trump Trade Agenda Hits Stumbling Blocks • Trump push toward a trade war with China is 'a menace to the global economy' • China-US trade war truce shows where Xi and Trump are weak • Against China's unfair policies, Trump's only mistake is not going far enough • Wilbur Ross becomes Trump newest Cabinet foe • Ross goes from Trump ‘killer’ to ‘past his prime’ • Tariffs shouldn't stop us from negotiating, Wilbur Ross tells the EU • U.S. tells Europe to follow China’s example on paying tariffs
(DBN)

Global markets are in turmoil as Italy's political crisis deepens • El-Erian: Fallout from Italy's political crisis reveals US as the 'only economy with real legs'
(DBN)

Why it may be tricky for the IRS to stop states from creating charities to help residents avoid taxes
(DBN)

Corporate Tax Cuts a ‘Gift That Keeps on Giving’
(DBN)

Paychex CEO: Small businesses need to increase pay to attract hard-to-find workers
(DBN)

The share of women billionaires is actually falling
(DBN)

The resegregation of America
(DBN)

The Italian Crisis Is A Glimpse of America’s Future
(DBN)

Early decade big city growth continues to fall off, census shows
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Run-up in home prices is "not sustainable:" Realtors' chief economist
(DBN)

MBA: Mortgage Applications Decrease in Latest Weekly Survey, Refi Index lowest since December 2000 • MBA: Mortgage applications continue to plummet
(DBN)

Mortgage rates drop, but borrowers are not impressed
(DBN)

Real House Prices and Price-to-Rent Ratio in March
(DBN)

Where the House-Price-to-Income Ratio Is Most Out of Whack
(DBN)

Home price gains ease in March, but growth accelerates in big cities: S&P Case-Shiller • Home Prices Continued to Rise in March • Case-Shiller: National House Price Index increased 6.5% year-over-year in March
(DBN)

Even with mortgage rates up, buying instead of renting makes sense for many
(DBN)

Luxury home builders Aspen Constructors emerges from bankruptcy • Construction firm settles with insurers, bankruptcy dismissed
(DBN)

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Municipalities:

Keeping Special Revenues “Special”
(DBN)

Hurricane Maria's death toll could exceed 4,600, study estimates • Puerto Rico’s Hurricane Maria death toll was 70 times worse than the official count, says a new study • Hurricane Maria killed more people than 9/11 or Katrina • Nearly 6,000 Died in Puerto Rico, Not 64 • Stunning new Hurricane Maria death toll validates Puerto Rico’s horrific tragedy • The True Scope of the Disaster in Puerto Rico • Toll of misery
(DBN)

PREPA's privatization a headless and backwards process
(DBN)

Puerto Rico government facing difficulties dealing with Oversight Board
(DBN)

Bondholders announce framework for Commonwealth-COFINA Settlement; Oversight Board and Government say the deal is “Not Acceptable.”
(DBN)

ERS bondholders cling to claim on $2.9B bond issue
(DBN)

Detroit's mayor takes on gentrification as his city bounces back from bankruptcy
(DBN)

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Oil/Gas:

As energy companies look ahead, some owe debt to the oil bust
(DBN)

US crude tumbles 1.7%, settling at $66.73, as OPEC looks poised to ease output caps • U.S. oil benchmark settles at lowest since mid-April
(DBN)

U.S. oil benchmark ends at 6-week low, down a 5th straight session
(DBN)

Why American oil can keep booming despite crazy swings
(DBN)

Iran's exit from nuclear weapons treaty would pour 'rocket fuel' on oil market, says analyst
(DBN)

Electric vehicles will grow from 3 million to 125 million by 2030, International Energy Agency forecasts • Electric vehicles surge but falling short of long-term global target
(DBN)

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Banking:

Morgan Stanley shares drop after wealth management exec says business slowed down
(DBN)

JP Morgan says second-quarter trading revenue about flat from year ago
(DBN)

Graduate applications flood Deutsche and other banks
(DBN)

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Auto Racing:

Why Americans have fallen out of love with NASCAR
(DBN)

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Pharma:

A bombshell report says that Purdue Pharma knew OxyContin was being abused within the first few years after it launched • What Did Big Pharma Executives Know About The Opioid Crisis?
(DBN)

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Non-Profits:

Pittsburgh: Supporters Take Petition To City Hall To Try To Keep Downtown YMCA Open
(DBN)

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Mining:

Bankruptcy petition filed against ERP Iron Ore • Area firms seek to force ERP Iron into bankruptcy
(DBN)

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Lehman:

Credit Suisse Is Near Lehman Derivatives Settlement
(DBN)

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Celebs:

Boris Becker: Tennis champ splits from model wife Lilly 11 months after going bankrupt
(DBN)

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Farming:

Maine organic farming icons file for bankruptcy
(DBN)

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Hedge Funds:

Four hedge fund managers top $1 billion in pay as the industry rebounds
(DBN)

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Horticulture:

New Chapter 11 Filing - Color Spot Holdings Inc. • New Delaware Chapter 11 Filing – Color Spot Holdings, Inc.
(DBN)

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Coal:

Think the big banks have abandoned coal? Think again
(DBN)

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Food/Beverage:

AlixPartners Survey: Consumers Dine Out Less, Spend Less
(DBN)

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Finance:

Banks Hunting Growth Loosen Terms on Business Loans
(DBN)

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Pensions:

Over 100 US Multiemployer Pension Plans Face Insolvency
(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 (9 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (7 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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Equipment Leases:

The Fifth Circuit Clarifies Equipment Lessors’ Rights under the Texas Equitable Lien Doctrine in Sierra Equipment v. Lexington Insurance
(DBN)

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Discharge:

Colorado Court of Appeals holds attorney fees award is a non-dischargeable civil penalty
(DBN)

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Arbitration:

U.S. Supreme Court Upholds Arbitration–Again! What’s the Effect on Bankruptcy? (Epic Systems v. Lewis)
(DBN)

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Insurance:

D&O Insurance: Coverage Precluded for Insured Director Acting in Multiple Capacities
(DBN)

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Miscellaneous:

Links for Restructuring Professionals to Key Cases, Articles, and News Briefs for May 7-10, 2018
(DBN)

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Retailing:

Sears CEO receives 'numerous inquiries from potential partners' for asset sale
(DBN)

Sears Holdings: Buying Survival Comes At A Cost
(DBN)

2018 could be a record year for store closings
(DBN)

Amazon is notorious for disrupting industries — now it’s eyeing entire countries
(DBN)

Bon-Ton bankruptcy hits Close to Home for Wisconsin artisans, makers
(DBN)

Toys "R" Us wins order to hand lease to Burlington Coat Factory
(DBN)

Toys R Us Preparing to Sell Wayne Headquarters
(DBN)

The decline of department stores just one force reshaping the American mall
(DBN)

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Autos:

Charts point to trouble for automakers, and Ford in particular, technician says
(DBN)

Tesla in 'Autopilot' mode crashes into parked police vehicle • Tesla To Pay $5.4M To End Autopilot, Safety Features Row
(DBN)

Elon Musk Should Know Better
(DBN)

Tesla Underreported Factory Injuries
(DBN)

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Personal Finance:

Let’s tackle the financial-literacy crisis, one school at a time
(DBN)

How smart you are isn't nearly as important to success as how you choose to act
(DBN)

Does a lottery winner live nearby? That could spell trouble
(DBN)

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Healthcare:

Healthcare startup Qliance files for bankruptcy, lists more than 100 creditors — including CEO’s new company
(DBN)

More evidence that the opioid epidemic is only getting worse
(DBN)

Medicaid expansions move forward across the country
(DBN)

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Travel:

Southwest Under Fire After Employee Questions Woman About Relationship To Bi-Racial Son
(DBN)

Flyers are actually more satisfied with (most) airlines in the US. Here's how carriers stack up
(DBN)

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Corporate Governance:

Heated battle over CBS and Viacom got physical, says Redstone
(DBN)

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Education:

The GOP's Public Education Dilemma
(DBN)

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UK:

CVA reforms needed, says insolvency and restructuring profession
(DBN)

Professional firms – in the fee firing line again
(DBN)

Defunct Eurosceptic party linked to Ukip asked to repay €1.1m
(DBN)

Fishermen Say They Were Misled About Brexit Vote
(DBN)

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EU:

Europe’s losing streak
(DBN)

Billionaire George Soros warns the European Union is on the brink • George Soros explains his audacious plan to save Europe
(DBN)

Euro rebounds from 10-month low as Italian political crisis stays in focus
(DBN)

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PIIGS:

Here’s how Italy revived euro crisis fears and sparked a global stock market selloff • Huge Selloff Rocks Italy, Raises Alarms • Italian stocks, bonds are biggest losers of political unrest in Rome • Here’s why Italy’s political turmoil is an inflection point for the euro • U.S. Treasury sees Italy better off within euro zone -official • Italy's political crisis is a moment of reckoning for European liberal democracy • Italy could be the next Greece — only much worse • Italy Roils Global Capital Markets - What Next? • Italy's power struggle could be a flashpoint for market 'contagion' • One of UBS' top economists tells investors to 'take a deep breath and calm down' over Italy • Here's how Italy ended up in political turmoil — and why it’s threatening a new euro zone crisis • Former IMF chief economist: Europe should be OK — but 'I'm very worried about Italy' • Italy's big bond sale tests market nerves
(DBN)

Italian stocks stage recovery bid as political drama rumbles on
(DBN)

Euro dives to 6-month low as Italian and Spanish political worries fester
(DBN)

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Canada:

Canadians should be on red alert over Alberta Redwater Energy case
(DBN)

Creditors target son of West Van Ponzi schemer
(DBN)

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Venezuela:

'Different shades of utter resignation': Venezuelans fleeing hardship at home are finding more struggles abroad
(DBN)

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China:

Chinese Energy Company’s Missed Bond Payment Fans Fears of More Defaults
(DBN)

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India:

Enterprise value of firms under insolvency
(DBN)

IOB says bottomline for Q4 hit by RBI's revised insolvency framework
(DBN)

Insolvency shakeout: New owners for steel assets to ease supply issues
(DBN)

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Malaysia:

How ` insolvent ' 1MDB's debt stacks up and who's saddled with it
(DBN)

Malaysia scraps high-speed railway to Singapore to “avoid bankruptcy ”
(DBN)

Go Fund Me: Malaysia sets up fund for donations to ease national debt
(DBN)

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Australia:

Insolvencies most in capital cities
(DBN)

Set-off in unfair preference claims
(DBN)

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New Zealand:

Receivers probe 13 ex-Hawkins companies, call for creditors issued
(DBN)

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Argentina:

Wall Street Wants To Know Why Argentine President Hasn’t Fixed Four Decades Worth Of Problems In Less Than Three Years
(DBN)

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