May 8, 2018

The Daily Bankruptcy News

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Law:

Kentucky Derby is a win for Frost Brown Todd and its chairman emeritus
(DBN)

The Law Schools Where The Most Graduates Got Federal Clerkships (2017)
(DBN)

Wilmer Partner Dan Berkovitz, Up for CFTC Seat, Reveals Big Law Income
(DBN)

Former U.S. Attorney, Bryan Cave Accused of Hacking Cover-Up
(DBN)

Legal Sector Hits 2018 Employment High With 800 New Jobs
(DBN)

Kirkland Subtenants Point Fingers at Each Other in Manhattan Rent Spat
(DBN)

Shearman & Sterling opens Houston office—its 2nd Texas location this year
(DBN)

AI not more accurate than lawyers but there are still reasons to buy it, say firms
(DBN)

Connecting the Dots Between Business Development and Social Media for Law Firms
(DBN)

Law Professor Totally Screws Up This Torts Exam By Taking The Lazy Route
(DBN)

In Growth Bid, Leading Litigation Financier Bulks Up Leadership
(DBN)

Perkins Coie, Bracewell Targeted in Malpractice Suit
(DBN)

What No One Ever Tells You About Failing The Bar Exam
(DBN)

Giuliani’s media blitz defending Trump is off to rough start Rudy Giuliani's media tear makes it clearer than ever that Melania Trump will be a critical figure in the Stormy Daniels saga Giuliani: Trump Would be a Fool to Testify Donald Trump once stuck his face into Rudy Giuliani's chest for a comedy skit — and the video refuses to die Trump considers benching Giuliani from doing TV interviews
(DBN)

Trump Threatens Mueller Investigators Federal judge rightly rebukes Mueller for questionable tactics Mueller's Boss Gave $330,000 to Democrats Since 2000 Trump Warriors Lead Charge Against Mueller Mueller Investigation In Jeopardy As "Witch Hunt" Accusations Play Out In Court Trump claims ‘unrevealed conflicts’ by Mueller staffers; Giuliani says Trump could refuse to testify The Biglaw Firm Behind The Russian Trolls Indicted In The Mueller Probe
(DBN)

Before working for Trump, lawyer Michael Cohen also invested in taxi medallions and real estate
(DBN)

New York Attorney-General Eric Schneiderman resigns after women allege abuse Eric Schneiderman, Accused by 4 Women, Quits as New York Attorney General Bill Cosby Stripped of Kennedy Center Honors NY Attorney General Resigns Amid Accusations Of Physically Abusing Women NY Attorney General Schneiderman Resigns One accuser is "prominent attorney"
(DBN)

Calif. Targets Lawyer Harassment, Bias in Proposed Ethics Rules
(DBN)

Key Democrat: Trump 'may have violated' law by not disclosing debt to Michael Cohen for Stormy hush money
(DBN)

96-Year-Old Legal Secretary Quietly Amasses Fortune, Then Donates $8.2 Million
(DBN)

For Kennedy Cousin Skakel, a Gold-Plated Standard for Ineffective Assistance of Counsel Being A Kennedy Relative Never Hurts, Especially In A Murder Case
(DBN)

Oliver North Named NRA President
(DBN)

TX: The Most Unlikely DA in America
(DBN)

And The Award For Most Tone-Deaf Coverage Of ‘Lawyer Arrested For Assaulting Fiancée With A Frying Pan’ Goes To…
(DBN)

‘Stand Your Ground’ Does Not Extend To Shooting A Person Fleeing In A Vehicle
(DBN)

Court Rules Maricopa County Can Be Held Liable For Sheriff Joe’s Criminal Racism
(DBN)

Lawyer is acquitted in alleged scheme to inflate stock price; actress’s ex-husband is convicted
(DBN)

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Judges:

Kagan Says She'll 'Take Into Account' Whether Judges Follow New Clerk Hiring Plan
(DBN)

Chicago Judges 'Under Siege' Amid Wave Of Vacancies
(DBN)

Trump Pushes Harder to Remake Courts
(DBN)

Federal judge knocks ‘faux drama in briefing’ with link to Tom Hanks GIF
(DBN)

What’s It Like To Be Justice Ruth Bader Ginsburg’s Granddaughter?
(DBN)

Quorums and conflicts of interest on the Supreme Court
(DBN)

John Ninfo: Thoughts on the individual impact of tax reform
(DBN)

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Wall Street:

U.S. stocks futures struggle as traders brace for Trump’s decision on Iran US stocks set for a tepid open as Trump’s decision on nuclear deal nears
(DBN)

European stocks slide from 3-month high as energy shares dip
(DBN)

US stocks close modestly higher, add to gains from last week
(DBN)

Dimon: Get ready for 4% yields and an uptick in market volatility
(DBN)

Supreme Court Justices Have To Get Their Start Somewhere
(DBN)

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Layoffs:

Fidelity Fires About 200 Workers
(DBN)

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Education:

New parents: This is how much college will cost in 18 years
(DBN)

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Healthcare:

Charlie Munger: Health-care providers 'are artificially prolonging death so they can make more money'
(DBN)

When credit ratings become casualties of health care
(DBN)

'Mass chaos': 37,000 nursing home eviction notices prepared in Louisiana
(DBN)

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Autos:

Tesla reveals an accounting change added $299 million to its auto-sales revenue in the first quarter
(DBN)

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Newspapers:

Under Pressure, Tronc Recognizes 'Chicago Tribune' Union
(DBN)

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Awards:

Chambers Top US Bankruptcy Firms
(DBN)

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Currency:

Bill Gates says he would short bitcoin if there was an easy way to do it
(DBN)

Bitcoin sees Wall Street warm to trading virtual currency
(DBN)

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Tech:

The Cambridge Analytica Scandal Is Over and Nothing Has Changed
(DBN)

Information watchdog seeks Cambridge Analytica data
(DBN)

Cambridge Analytica Will be Reborn
(DBN)

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Distressed Investing:

Doomsday for Distressed-Debt Issuers Has Been Rescheduled
(DBN)

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Food/Beverage:

Franchisee with 8 Colorado sandwich shops files Ch. 11 bankruptcy
(DBN)

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Electricity:

SCANA bankruptcy not a curse but a cure
(DBN)

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Banking:

Top performers flee Deutsche’s bonfire of the bankers
(DBN)

U.S. Banks' Love of the Caymans Shows There’s Still Room to Simplify, Fed Says
(DBN)

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Economy:

Fed’s Powell: Rate hikes should not upend the global economy
(DBN)

Declining unemployment trend which started in 2011 continues
(DBN)

April jobs report shows racial disparities in unemployment rates continue
(DBN)

Americans’ anxiety about paying bills has spiked over the last year

U.S. Consumer Borrowing Cools on Slump in Revolving Credit
(DBN)
(DBN)

95,745,000: Record Number Not in Labor Force as Boomers Retire Social Security Beneficiaries Top 62,000,000 for First Time
(DBN)

The trade fight between the US and China 'will get worse' and Trump could 'hit back harder' if he doesn't get what he wants Round 2; US-China Trade Talks Next Week President Trump says he'll speak Tuesday with President Xi of China China says its trade surplus with the US expanded by nearly $7 billion last month
(DBN)

An unemployment rate under 4% is only half the story of the US jobs market
(DBN)

Unemployment and inflation are not inextricably linked
(DBN)

One industry suddenly has 'unfettered access' to the White House under Trump — and it's making a killing
(DBN)

Average gas price jumps to $2.90 a gallon
(DBN)

Seattle Wants a Tax on Jobs
(DBN)

A look at the scale of California's economy
(DBN)

April was best month in history for U.S. budget, according to CBO figures
(DBN)

The average American works more hours than a medieval peasant
(DBN)

More U.S. Workers Test Positive for Certain Illicit Drugs
(DBN)

Why many teens no longer even look for a summer job
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Housing confidence hits record high as prices skyrocket Americans haven’t been this optimistic about house prices since just before the crash
(DBN)

Home listing prices are flat or falling in these 10 cities
(DBN)

Black Knight Mortgage Monitor for March
(DBN)

California to become first US state mandating solar on new homes
(DBN)

Lava flow intensifies in Hawaii eruptions, spews 200 feet in air Why Hawaii's Newest Eruption Makes Volcanologists Nervous A volcano eruption in Hawaii has caused lava to pour into a residential neighborhood — here's what it looks like on the ground Hawaiians brave volcanic gases, lava to retrieve pets and belongings Incredible footage shows terrifying wall of lava
(DBN)

Leading Index for Commercial Real Estate Increases in April
(DBN)

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

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Municipalities:

PR Public Access Law Applies To Oversight Board Documents
(DBN)

Puerto Rico allocates $0 for debt in fiscal year 2019 budget
(DBN)

How Storms, Missteps and an Ailing Grid Left Puerto Rico in the Dark
(DBN)

Puerto Rico statehood push picks up key GOP endorsement
(DBN)

Kelso School District finance director projects bankruptcy in four years
(DBN)

How Detroit Battled Its Way Out of Bankruptcy
(DBN)

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Oil/Gas:

20% of Americans Say Next Car Will be Electric
(DBN)

Oil surges on threat to Venezuela's PDVSA, Iran worries Trump will kill the Iran nuclear deal — and that's a 'long-lasting' boost for oil prices
(DBN)

Oil prices keep slipping ahead of Trump’s Iran decision
(DBN)

US crude rises 1.5% on supply concerns, settling at $70.73, first close above $70 since 2014
(DBN)

Wall Street set for gains as oil hits $70
(DBN)

OPEC May Struggle with New Iran Sanctions
(DBN)

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Retailing:

Amazon's share of all retail sales could be 10% in two years: Analyst
(DBN)

Why Amazon could be the next black swan for the market
(DBN)

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Autos:

Automakers Tell Trump: Don't Freeze CAFE
(DBN)

VW May Try to Financially Destroy Ex-CEO
(DBN)

Unpacking Elon Musk and Tesla’s Current PR Problem Here are all the ways that Tesla has gone from bad to worse, says Jeff Reeves Tesla’s ‘cash bleed’ will likely double, analyst says Elon Musk expands Tesla stake after jumping on short sellers Musk Blasts Tesla's Drunken Sloths Elon Musk is taking on Warren Buffett, and their differences run deeper than jokes
(DBN)

GM can't skirt all groundwater pollution claims - bankruptcy judge
(DBN)

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Entertainment:

Jay-Z and Eminem claim Weinstein Company owes them more than $800,000
(DBN)

Weinstein Co. Bankruptcy Hits Discovery Snag Ahead of Sale Hearing
(DBN)

Weinstein Co. Accuses Unsecured Creditors of Sabotaging Lantern Sale
(DBN)

The Weinstein Co. Reveals No Senior Management Would Be Involved In Studio After Bankruptcy Sale
(DBN)

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Media:

Media Disruption Is Accelerating
(DBN)

America's Age Old Problem: Fake News
(DBN)

Rogoff settling?
(DBN)

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Politics:

A Wachtell Lipton Lawyer Who Speaks His Mind
(DBN)

Trump's approval ratings get a positive bump as more Americans believe his approach to North Korea is working
(DBN)

Nearly half of Americans say Trump media coverage is too tough
(DBN)

Voters have become numb to each new Trump scandal A majority of Americans overall — 61 percent — think Trump regularly has trouble telling the truth
(DBN)

Trump slams three vulnerable Senate Democrats at NRA convention as he tries to rally GOP for midterms Why the Senate election map is so bad for the Democrats
(DBN)

Trump to Announce Iran Decision Today Pompeo signaled Iran deal withdrawal to European colleagues What you need to know ahead of the Iran deal deadline
(DBN)

Incumbency Is Toxic in the 2018 Republican Primaries
(DBN)

Hillary Clinton is sounding the alarm over China's efforts to covertly interfere with politics worldwide
(DBN)

EPA Emails Show Effort to Shield Pruitt
(DBN)

Hatch to McCain: Invite Trump to Funeral In Praise of John McCain
(DBN)

Melania in Another Plagiarism Row
(DBN)

Key primary elections are coming Tuesday: Here are the races to watch
(DBN)

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New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (20 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (12 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:

Weekly Bankruptcy Claims Trading Activity
(DBN)

Total April Bankruptcy Filings Increase 3 Percent over Last Year, Commercial Chapter 11s Fall 32 Percent
(DBN)

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Litigation:

Opioid Litigation Finance Arrangements Must be Disclosed
(DBN)

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Equity:

Inequality and Equity in Bankruptcy Reorganization
(DBN)

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Bankruptcy Reform:

Columnists Disclose History, Outlook for "Chapter 8"
(DBN)

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Cross-Border:

Bioamber Seeks Bankruptcy Protection
(DBN)

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Miscellaneous:

Twitter Feeds for Restructuring Professionals from April 2018 (Part 2)
(DBN)

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Non-Profits:

U.S. Circuit Court Protects Assets of Nonprofit Corporations From Creditors of an Affiliated Entity
(DBN)

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Travel:

A JetBlue flight made an emergency landing after its outer windshield shattered in midair
(DBN)

Discovery Tours files for bankruptcy owing money to 5600 people AG says over 450 complaints have been filed against Discovery Tours, company filed for bankruptcy
(DBN)

Allegiant flight makes an emergency landing after the crew notices an 'electrical smell'
(DBN)

Third flight in three weeks diverted because of damaged window
(DBN)

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Autos:

Why One Hedge Fund Thinks Tesla Is Worth $0
(DBN)

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Aviation:

Could a Major Airline 'Disappear'? Here's What You Need to Know About the Turmoil at Air France-KLM
(DBN)

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Retailing:

We visited 3 Toys R Us stores that are about to shut down — and it was a depressing look at a business at its end
(DBN)

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Personal Finance:

How to write a resignation letter without burning bridges
(DBN)

The huge financial burden many retirees now face
(DBN)

How the timing of your Social Security check is making you broke
(DBN)

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Pensions:

When Your Pension Fund Goes Broke
(DBN)

Pension Funds Still Making Promises They Probably Can't Keep
(DBN)

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Imaging:

Icahn warns danger of bankruptcy in Fuji-Xerox deal
(DBN)

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Sports:

Cities Fall Out of Love with Stadium Deals
(DBN)

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Agriculture:

Bankruptcy shouldn't stop Oregon dairy cattle auction, creditor claims
(DBN)

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UK:

Every citizen should get $14,000 on their 25th birthday, according to a radical UK proposal
(DBN)

Theresa May risks Brexit defeat as Tory and Labour rebel peers join forces on the single market Theresa May's cabinet in chaos as Boris Johnson calls her Brexit plans 'crazy'
(DBN)

The investors set for a £6bn Lehman Brothers pay-out
(DBN)

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Canada:

LawPRO heads to the SCC on bankruptcy case
(DBN)

Rolling DIPs vs. Creeping DIPs
(DBN)

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India:

US bankruptcy court orders probe against Nirav Modi's firms
(DBN)

Fear is biggest obstacle for investors in taking over India’s bankrupt companies
(DBN)

Fee regulations for insolvency professionals soon
(DBN)

ICICI Surges as CEO Says for Third Year That Bad Debt Is Peaking
(DBN)

Foreign lender triggers insolvency against Indian guarantor
(DBN)

______________

Japan:

Cheap Flights to Japan Force a JAL Course Change
(DBN)

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South Korea:

New Corporate Restructuring Paradigm
(DBN)

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China:

Beijing is going to have to start making a lot of life or death decisions about the Chinese economy
(DBN)

Chinese banks are big. Too big?
(DBN)

Oil giant CEFC China faces more woes with creditors at the door
(DBN)

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MENA:

Arab youth see the U.S. as an enemy
(DBN)

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Mexico:

Mexico Deploys A Formidable Deportation Force Near Its Own Southern Border
(DBN)

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Australia:

Not all creditors are created equal
(DBN)

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