May 31, 2018

The Daily Bankruptcy News

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Law:

Fox Rothschild Doubles in Chicago, Grows in Delaware With Shaw Fishman Tie-Up • Fox Rothschild Grows in Chicago and Wilmington Through a Merger With Shaw Fishman • Fox Rothschild Announces Merger With Shaw Fishman
(DBN)

Reed Smith Revamps Associate Life With New Billing Requirements, Training, Reviews • Reed Smith Initiative Focuses On Associate Advancement
(DBN)

Weil Gotshal Shortens Path to Partnership in Bid to Retain Associates
(DBN)

$1,745-an-hour lawyers due for disruption
(DBN)

Law firm culture discourages male lawyers from taking paternity leave
(DBN)

Selendy & Gay Lawyers Challenge Quinn Emanuel Partnership Agreement • Quinn Emanuel Tiff With Ex-Partners Raises Ethics Questions
(DBN)

Few women lead law firms, but there are more female equity partners, report says
(DBN)

Yes, This Is How Much A Biglaw Partner Working For One Week Bills
(DBN)

3 Firms Accused Of Misconduct In Billable Hours Probe
(DBN)

Loyola 2L Outs Himself To End Law Firm NDAs
(DBN)

Was law prof part of a lawsuit-plotting ‘cabal’? State ridicules ‘imagined conspiracy’
(DBN)

Make Way For The New Generation Of Lawyers, Lest You Be Left In The Dust
(DBN)

Law School On Probation To Close Campus, Move To Office Building
(DBN)

Graduation Gift Ideas For Debt-Burdened Law School Graduates
(DBN)

Closing Law School Faces Discrimination Lawsuit From Faculty
(DBN)

Drafting and Implementing Social Media Policies for Law Firms
(DBN)

Michael Cohen and Trump claimed a 'minuscule' number of the documents reviewed in the lawyer's case as privileged — and experts are stunned • Michael Cohen Given 2 Weeks To Review 2.4M Docs • A federal judge just gave Michael Cohen a tight new deadline, and it could lead to the worst-case scenario for him and Trump • Prosecutors in Michael Cohen case piecing together shredded documents from raid • Feds to receive more than 1 million files seized from Michael Cohen • Democrats hope to quash concerns about Mueller's Russia probe affecting the midterms • Judge Sides with Mueller in Manafort Case • Republican Rep. Trey Gowdy defends FBI against Trump's 'Spygate' claims • Gowdy says FBI has "obligation" to run out leads on Russian interference • Was ‘Spygate’ Spying or Standard FBI Procedure? • Gowdy, Napolitano Slam Spygate • Republicans distance themselves from Trump’s ‘Spygate’ conspiracy theory • Trump: 'I wish I did' pick someone other than Jeff Sessions to be attorney general • Supporting Sessions, Giuliani Says He Would Have Considered Recusal from Russia Probe Too • Former CIA Directors Slam Trump’s Conspiracy Theories • Trump reportedly asked Sessions to unrecuse himself; special counsel is said to be investigating • White House won't say why Trump hasn't fired Sessions • Being Jeff Sessions • Trump's Twitter outbursts at Sessions • Ex-FBI Deputy Director Andrew McCabe wrote memo on Comey firing • Andrew McCabe memo recalls conversation with Rod Rosenstein in which the deputy attorney general reportedly revealed Trump wanted him to mention Russia in statement on James Comey's firing • Andrew McCabe turned over memo on Comey firing to Mueller • Legal Defense Fund Formed for Paul Manafort • Senate Intelligence Committee Now Wants to Grill Roger Stone • Rudy Giuliani is holding Q&A sessions with Trump to prepare for special counsel probe: NBC
(DBN)

Judge Wood Tells Avenatti He Would Have to Stop "Publicity Tour" • Michael Avenatti withdrew his petition to be admitted into Michael Cohen's case after Trump's lawyer hit him with a broadside in court • Michael Avenatti Withdraws Bid To Appear Before Judge in Cohen Probe • Trump’s Attorney Drops Evidentiary Bombshell on Michael Avenatti • Michael Avenatti addressed his claim that Michael Cohen is leaking audio recordings seized by the FBI — and now he's saying it's 'just like' Nixon
(DBN)

Starbucks baristas find anti-bias training has a limited scope but is a good start
(DBN)

The Reckoning: Harvey Weinstein and the Legal Case for (and Against) Prison Time • Harvey Weinstein Will Not Testify Before Grand Jury • Harvey Weinstein indicted in New York
(DBN)

Mexican president tells Trump about the wall: "Not now, not • Forcibly separating families ‘violates basic standards of human decency,’ ABA president"
(DBN)

Sarah Huckabee Sanders chokes up when kid at White House press briefing asks about school shootings
(DBN)

Monkey Selfie Case Swings Back Into Action at Ninth Circuit
(DBN)

Courtney Love And Friends Sued For Attempted Murder In Plot To Recover Kurt Cobain’s Guitar
(DBN)

The Fourth Amendment Does Not Protect You From Being A Moron
(DBN)

Pa. Atty's 4-Year Tax Evasion Sentence OK'd By 3rd Cir.
(DBN)

The Jennifer Ihns' Caper - All Too Common
(DBN)

Jurors Deliberate Fate of 'Coward' School Administrator Accused of Trying to Murder Student
(DBN)

New Cell Phone Video of Parkland School Shooter Nikolas Cruz Vowing to Kill 20 People Surfaces
(DBN)

NBA Hit with Wrongful Death Lawsuit over Player Who Collapsed on Court
(DBN)

Car salesman f----- in coworker's office, pinched his n----- to 'reinforce dominance,' lawsuit says
(DBN)

Now Showing: Summer Movie Watch List for Your Legal Indulgence
(DBN)

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Judges:

PACER: Bug Reported in Latest Version of Microsoft Edge
(DBN)

New rule requires California courts to disclose names of judges in settled cases alleging misconduct
(DBN)

Neil Gorsuch Is A Cheap Knock Off
(DBN)

Trump FactCheck: Speaking of immigration cases, says, "We have thousands of judges."
(DBN)

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Wall Street:

US stocks set to open flat after Wednesday's strong rally
(DBN)

Dow jumps more than 300 points after banks rebound; small caps hit new record
(DBN)

The Trump effect is keeping the 'overpriced' bull market alive: Yale’s Robert Shiller
(DBN)

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Layoffs:

Exelon cuts 84 jobs
(DBN)

Robot chef back on the job, cooks 300 burgers a day
(DBN)

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Politics:

Kim Jong Un reportedly cried over North Korea's bad economy, and it could show he's ready to cave to Trump
(DBN)

Roseanne blames Ambien for her racist tweet, and Ambien is not having it • Ambien maker to Roseanne: “racism is not a known side effect” of our drug • Roseanne Barr slams her TV kids for throwing her 'under the bus' after ABC canceled their show over a racist tweet • 6 of Roseanne Barr's most controversial moments • Roseanne had a busy night on Twitter following her show’s cancellation • Trump breaks silence on Roseanne's racist-tweet controversy, slams Disney chief for not calling him to apologize • Roseanne Barr's new stream of abuse: Star retweets hundreds of abusive comments • Conservatives see double-standard on Roseanne, cite Olbermann, Joy Reid • In America’s racial din, ABC’s decision on 'Roseanne' reflects a turn toward tolerance • How America has changed since ‘Roseanne’ premiered in 1988 • Canceling 'Roseanne' may have been the easiest decision Disney ever made. Here's why
(DBN)

The raging controversy over whether to call Trump’s lies “lies,” explained
(DBN)

The stories Fox News covers obsessively — and those it ignores — in charts
(DBN)

FactCheck: Trump's Nashville Speech
(DBN)

Trump Bragged About Classified Mission
(DBN)

Flashes of anger, tears, and a promise: How Obama and world leaders privately reacted to Trump's election, as told by a former Obama adviser
(DBN)

The White House Official Trump Says Doesn’t Exist
(DBN)

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Personal Finance:

Why divorce is bad for your health (like, really bad)
(DBN)

"Table Banking": Millennials more likely to pick up tab in restaurant
(DBN)

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Biofuels:

Ethanol industry sues EPA over waivers to CVR, Hollyfrontier
(DBN)

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Retailing:

Yes, Sears is likely to collapse, but Eddie Lampert will be just fine • Sears CEO reports 'numerous' interested partners in asset sales • Sears' loss widens in first quarter as sales plunge 30 percent • Sears plans to close 72 more stores, closing sales to start in near future
(DBN)

The Secret to Success for Some U.S. Retailers
(DBN)

It's getting harder for Americans to break into retail
(DBN)

Dick's soaring sales prove it can succeed without assault rifles
(DBN)

Retailers warn tariffs will have widespread consequences on U.S. economy
(DBN)

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Economy:

US first-quarter growth revised down to 2.2% • Q1 GDP Revised down to 2.2% Annual Rate
(DBN)

Upbeat ‘Beige Book’ prognosis of economy keeps Fed on track for June rate hike • The Fed’s verbal gymnastics include loads of back flips • Fed Says Economy Grew 'Moderately' Amid Strong Manufacturing
(DBN)

US factories shift into 'higher gear' despite trade worries, Fed says
(DBN)

OECD predicts two more years of economic expansion, but oil and trade are major risks
(DBN)

Payrolls grew at a healthy pace in May but may be pulling back as the number of unemployed dwindles • ADP: Private Employment increased 178,000 in May
(DBN)

China reportedly lining up countries against US in pending trade war • China is ramping up talk of a trade war, and it could come back to blow up in Trump's face • Trump looks prepared to kick off a trade war with the European Union • Are the US and EU heading for a trade war? • Trump administration plans to hit EU with steel, aluminum tariffs • US Changes Visa Terms for Chinese Visitors • Trump Auto Tariff Threatens GM Korea • Trump tariffs are helping more than double U.S. solar capacity • Trump wants to bar German cars from U.S.: report • Shares of automakers fall in Germany with U.S. set to impose steel tariffs on EU • Abe: Japan 'Cannot Accept' New Tariffs On U.S. Auto Imports
(DBN)

Walmart Uses $20 Billion for Shareholders
(DBN)

$1 a day for college? Walmart unveils a new employee perk in bid to snag workers
(DBN)

What’s it like to retire without enough saved? The internet has the answer
(DBN)

More than half of the top US tech companies were founded by immigrants or the children of immigrants
(DBN)

So Much for ‘Tax Reform’? • Why Republican Tax Cuts Are a Problem
(DBN)

Women Fail to Gain Much Ground on Financial Inclusion
(DBN)

This Map Compares the Size of State Economies with Entire Countries
(DBN)

Money For Moms
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Zero-Balance Reporting of Mortgage Debt Post-Bankruptcy
(DBN)

Springing Liability: Full Recourse Means Full Recourse
(DBN)

Mini housing bubbles are forming in cities all over the US
(DBN)

U.S. taxpayers need stronger protection from the next housing crash
(DBN)

Homebuilders: Rising Rates Crash The Party
(DBN)

Volcanic lava flow spurs more evacuations on Hawaii's Big Island
(DBN)

Californian exodus? Kind of
(DBN)

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Municipalities:

After $3.8B Spend, Puerto Rico Power Grid Still 'Teetering' • Puerto Rico's Power Grid 'Highly Fragile' to Another Storm
(DBN)

Puerto Rico bondholders may have to wait two more years
(DBN)

FHA extends foreclosure moratoriums for certain properties in Puerto Rico & U.S. Virgin Islands
(DBN)

Family members react to study showing shocking death toll in Puerto Rico
(DBN)

Tax plans aimed at Apple, Google could start a new wave, city leaders say
(DBN)

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Oil/Gas:

Second Circuit Affirms Debtors’ Ability to Reject Gathering Agreements in Bankruptcy Cases • Sabine Decision Affirmed • The Opinion
(DBN)

Oil is rallying after report says OPEC won't nix supply cuts before next year
(DBN)

Shale's surge crashes into bottlenecks, from pipelines to ports
(DBN)

Electric vehicles on the road are set to triple in 2 years
(DBN)

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Travel:

A baggage handler was filmed throwing suitcases out of a plane — and the video is every passenger's worst nightmare
(DBN)

Southwest Sorry For Asking Woman To Prove Son Is Hers
(DBN)

Plane Makes Emergency Landing Due to Smoking Passenger • Emergency landing may have been caused by passenger smoking pot
(DBN)

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Corporate Reform:

Banks temper expectations for the first 'Volcker Rule' rewrite • The Fed just proposed a plan to make life easier for banks by loosening the 'Volcker Rule' • Here’s what’s inside the Fed’s attempt to streamline the Volcker Rule • Fed Gives Banks Break on Volcker Rule
(DBN)

Reports of Dodd-Frank’s Death Are Greatly Exaggerated
(DBN)

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Pharma:

Trump says drugmakers are going to announce massive voluntary price cuts in two weeks
(DBN)

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Student Debt:

Public service workers denied loan forgiveness due to wrong repayment plan given second chance
(DBN)

Courts halt DeVos’s partial student debt relief plan
(DBN)

The Days of $1 Million in Student Debt are Here • Why the dentist with $1 million in student debt spells trouble for federal loan programs
(DBN)

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Distressed Investing:

The Rise of Creditor-on-Creditor Violence
(DBN)

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Footwear:

The Bankruptcy Proceedings of Three Prominent Shoe Stores
(DBN)

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Gambling:

Casino REITs Face Las Vegas Strike
(DBN)

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Celebs:

Accountant embezzled $3.4M from famed literary agency
(DBN)

Divorce, bankruptcy and broom cupboards: the very public turmoil of Boris Becker
(DBN)

'Dance Moms' star Abby Lee Miller confirms battle with cancer
(DBN)

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Maritime:

Former OW Bunker Manager Gets 18 Months in Jail • Bunkering's 'Nick Leeson' gets 18-month prison sentence
(DBN)

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Mining:

Area firms pressure ERP Iron to pay bills or face bankruptcy
(DBN)

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Pensions:

Tops Markets Settles Pension Dispute in Bankruptcy, Saves $180 Million
(DBN)

US Retirement Systems ‘More Vulnerable Than Ever’
(DBN)

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Fraud:

This is how thieves use your kids’ Social Security numbers
(DBN)

Why Silicon Valley Might Be The Next Enron
(DBN)

Elizabeth Holmes And Theranos Were Reportedly Frauds From The Very Start
(DBN)

A Florida man impersonated a Saudi prince for decades, cheating investors out of millions of dollars
(DBN)

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Aviation:

Does ImagineAir's Shutdown Sound A Warning Bell For Private Aviation Consumers?
(DBN)

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New Bankruptcy Opinions
(7 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (18 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (10 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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Standing:

Ninth Circuit finds Filing an Objection and Attending Hearing not Prerequisites for Standing to Appeal a Bankruptcy Court Order
(DBN)

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Cross-Border:

US Bankruptcy Court Recognizes a Foreign Plan of Reorganization and Enforces Third-Party Releases in the Chapter 15 Context
(DBN)

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Litigation:

Email Firm Employee Sent Himself Not Privileged
(DBN)

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Bankruptcy Remoteness:

Fifth Circuit avoids deciding the enforceability of “golden” shares
(DBN)

Fifth Circuit Affirms Shareholder Veto of Chapter 11 Petition
(DBN)

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Bankruptcy Rules:

New Bankruptcy Rules in Effect
(DBN)

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Tech:

Lawyers Chase Missing Cambridge Analytica Unit
(DBN)

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Autos:

Tesla Model 3 gets Consumer Reports recommendation after braking update; shares hit session high
(DBN)

VW beats deadline for U.S. emissions remedy
(DBN)

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Tourism:

Surprising Tourism Bump From Hawaii's Spewing Volcano
(DBN)

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Healthcare:

Preferred Care Looks to Settle Lawsuits to Speed Up Bankruptcy
(DBN)

Direct primary care group files for bankruptcy after abruptly closing clinics
(DBN)

China overtakes U.S. for healthy lifespan -WHO data
(DBN)

Study: Vitamins Just a Placebo
(DBN)

Trump signs 'right-to-try' allowing gravely ill patients to bypass FDA for experimental medicines
(DBN)

Law firms hire company to send ads to ER patients’ cellphones; is it a HIPAA violation?
(DBN)

Virginia will expand Medicaid
(DBN)

Americans’ Strong Support for Euthanasia Persists
(DBN)

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Food/Beverage:

Tops warehouse workers to lose portion of pensions
(DBN)

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Taxis:

A fifth suicide spurs New York taxi driver protest
(DBN)

Most Uber and Lyft drivers in L.A. work full time and still struggle to make ends meet, study finds
(DBN)

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Corporate Governance:

Chancery Addresses Contractually-Defined Fiduciary Duty in LLC Agreement
(DBN)

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UK:

'Rogue' pension schemes closed after misuse of funds
(DBN)

FRC brings case against Deloitte over Autonomy
(DBN)

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EU:

Eurozone preliminary April inflation rate rises to 1.9% vs. 1.6% estimate
(DBN)

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PIIGS:

Big US bank exposure to Italy appears ‘modest and manageable’: Jefferies • Bill Gross' flagship fund cratered as Italy's political turmoil rocked global markets • Gross’s bond fund gets whacked amid Italy’s political turmoil • This bond market alarm went off when investors freaked out about Italy • How the EU can help save Italy from itself • A little-known part of Italy's constitution makes it almost impossible for the country to leave the euro • Italy Heads for Confrontation with Itself, Financial Markets, and Europe
(DBN)

Insolvency Won’t Stop Alitalia From Rolling Out New Uniforms
(DBN)

IMF, Eurozone Seek Last-Minute Deal on Greek Debt
(DBN)

Greek workers join general strike as end of bailout looms
(DBN)

Spain could be next for political disarray after Italy roils global markets
(DBN)

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China:

China's 'gale of creative destruction'
(DBN)

China factory activity hits 8-month high in May
(DBN)

China says an important part of its economy has grown more than expected
(DBN)

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India:

RCom shares, bonds jump after NCLAT halts insolvency proceedings • India's RCom plans $2.68 billion asset sale to Jio, Brookfield in next few weeks • Reprieve for R-Com • As Ericsson-RCom agree to settle, NCLAT allows banks to complete RCom-Reliance Jio deal
(DBN)

Instead Of Lenders, The Insolvency Process Is Aiding The Bidders
(DBN)

Bag-snatching monkey leaves man 'bankrupt'
(DBN)

Moody’s trims GDP growth forecast for 2018 to 7.3%
(DBN)

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France:

Winemakers face bankruptcy following intense hailstorms in southwest France
(DBN)

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MENA:

Kuwait Pension Fund Tries to Force Abraaj Into Bankruptcy • Kuwait Pension Fund Tries to Force Abraaj Into Bankruptcy
(DBN)

Bahrain must reform state finances urgently, IMF official says
(DBN)

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Australia:

Julia Gillard, the Liberman family, and the developers who could bankrupt the CFMEU
(DBN)

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Latvia:

Murder of insolvency administrator most probably contract killing
(DBN)

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Switzerland:

Over 1,000 jobs threatened by OVS liquidation
(DBN)

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Argentina:

How Argentina's Tango with the IMF Could Pay Off
(DBN)

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