April 10, 2018

The Daily Bankruptcy News

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Law:

California Supreme Court says Heller Ehrman law firm can't profit after bankruptcy
(DBN)

Legal Industry Caps Off Sluggish Q1 With Small Jobs Gain
(DBN)

Cozen Names New Bankruptcy Member
(DBN)

Cozen Names New Bankruptcy Member
(DBN)

Duncan School of Law does not meet admissions standard, ABA accreditation committee says
(DBN)

The Top 20 Most Affordable Law Schools
(DBN)

Morgan Stanley, Skadden Top First Quarter in Deal Advising
(DBN)

Will A&O's US merger move impel its magic circle rivals to follow suit?
(DBN)

Lawyer Disciplined For Stealing From Her Job Working Retail In Tragic Commentary On The Law School Con Game
(DBN)

Se-- For Legal Work Gets Former San Antonio Lawyer 80-Year Prison Sentence
(DBN)

Lawyers Apparently Perform This Weird Ritual During Cravath Partner Funerals
(DBN)

Neal Katyal Runs a Legal SWAT Team to Combat President Trump
(DBN)

Testimony Suggests Possible Racial Bias as McIver Murder Trial Reopens
(DBN)

Prior Salary Can't Justify Gender Wage Gap, En Banc Ninth Circuit Says
(DBN)

ABA Considers Tossing LSAT Requirement, Disagreement Ensues
(DBN)

F.B.I. Raids Office of Trump’s Longtime Lawyer Michael Cohen The FBI raided Trump lawyer Michael Cohen's office — and it looks like it came off a tip from Mueller Here’s what FBI raid on Trump lawyer’s office means for the stock market FBI raids office of Trump lawyer Michael Cohen, seizes records on payment to Stormy Michael Cohen and Attorney-Client Privilege Why the FBI's raid on Michael Cohen's office could spell trouble for Trump Trump blasts raid on Cohen’s records as ‘an attack on our country’ Trump vents against Attorney General Sessions and ponders firing special counsel Mueller Trump lawyer Michael Cohen described as a ‘3 a.m. break-the-glass call’ After FBI Raid, Squire Says It Severed Ties to Trump Lawyer Michael Cohen
(DBN)

Second Manafort Associate Flips Mueller is reportedly investigating $150,000 a Ukrainian billionaire gave Trump's foundation
(DBN)

Stormy Daniels Tries Trump-Under-Oath Pitch Again Stormy Daniels Claims She Was Duped into Believing Trump Was Involved in Hush Agreement
(DBN)

US attorney in Chicago will oversee document production in House committee’s Clinton probe
(DBN)

How the law limits the National Guard's border role The real reason Trump is sending troops to the Mexican border
(DBN)

Sessions Turned to Convicted Fundraiser for Advice on U.S. Attorneys
(DBN)

The Person Who Most Disrupted Law This Decade
(DBN)

Woman Sues Restaurant for $50K, Says 'Dangerous' Lasagna Ruined Her Life
(DBN)

Absurdity of courtroom sitcoms like ‘Trial & Error’ still have elements of reality
(DBN)

No charges for director James Toback after 5 women allege battery, exposure
(DBN)

Bill Cosby Paid $3.4M to Silence Victim
(DBN)

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Judges:

Practice Makes Perfect: Judge Experience and Bankruptcy Outcomes
(DBN)

Judges Shouldn’t Be Partisan Punching Bags
(DBN)

In Justice Gorsuch's first year, he wrote 3 Supreme Court opinions, heard 60 cases, and fixed the shrimp cocktail sauce on the meatball subs
(DBN)

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Wall Street:

U.S. stocks primed to rally hard on Xi’s promise to open China’s markets
(DBN)

Dow surges more than 350 points as tech rises, US tries to soften trade tone against China Indexes gain as stock market shakes off last week’s trade-war worries
(DBN)

BofA market analyst Hartnett pins 'simple reason' for market woes on the Fed
(DBN)

The market's most outspoken bear is predicting a 60% stock drop — and says it's too late to get out
(DBN)

What could trigger the long-awaited stock market ‘melt-up’
(DBN)

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Layoffs:

 

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Corporate Reform:

A consumer watchdog reportedly wants to fine Wells Fargo a record $1 billion for its lending abuses Wells Fargo faces potential record fine over auto, mortgage abuses: Report
(DBN)

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Politics:

Ethics watchdog says in letter that EPA chief Scott Pruitt's actions raise troubling red flags
(DBN)

Tammy Duckworth becomes first senator to give birth while in office
(DBN)

Trump's namesake business appealed to Panama's president for help and warned of consequences if he didn't
(DBN)

Report: Pruitt’s Lobbyist Landlord Changed Locks When He Failed To Move Out EPA: 'Zero Records' of Any Death Threats Against Scott Pruitt, Despite Trump Tweet Pruitt Busted Over Controversial Raises
(DBN)

Older, Educated Whites Leaving Trump Camp
(DBN)

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Coal:

Colorado-Based Westmoreland Coal Considers Bankruptcy Protection
(DBN)

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Electricity:

Ohio Power Company Has Few Allies in Bailout Bid
(DBN)

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Commodities:

Noble says more than 70% of creditors have given nod to restructuring scheme Noble Restructuring in Doubt as Elman Said to Want New Deal Noble Group founder Richard Elman pushing for new restructuring deal
(DBN)

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Biofuels:

Trump to meet with cabinet again on ethanol
(DBN)

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Economy:

Fed's Kaplan sees two more rate hikes this year, pace of tightening possibly slowing from there
(DBN)

Why the Fed is ‘Public Enemy No.1’ for the stock market
(DBN)

The U.S. economy is fine now, but watch out for 2020, top economist says
(DBN)

Yellen and other economists say tax cuts are blowing up the budget The GOP tax plan means short-term gains for the economy, but the federal debt is primed to explode, CBO analysis says Federal Deficit Projected to Top $1 Trillion by 2020 Surging deficit could invite a financial crisis Boomers: Trillion Dollar Deficits Will Burn You
(DBN)

Small-business sentiment drifts down on concern about economy, NFIB says
(DBN)

Trump economic advisor Larry Kudlow bashes China for 'decades of misdeeds' on trade Ray Dalio: Odds increasing for trade wars, cyber wars and 'possibly even shooting wars' Ron Paul to Trump: Tariffs won't help US economy because they're really just hidden taxes on consumers Aluminum prices rise after U.S. sanctions Russian producer The stakes for Taiwan in a U.S.–China trade war Amid trade fight, Trump says he'll 'make it up' to farmers China has more to lose in a trade war In tariff reprisal, China puts U.S. energy in the crosshairs Trump Hints at Deal on Trade With China; Xi Readies Response Obama Trade Rep: Trump Right on China Xi warns of "Cold War and zero-sum mentalities" on trade Chinese President Xi Jinping moved to ease concerns about global trade — and financial markets love it
(DBN)

Goldman says there is one ‘surefire’ way to cut U.S.-China trade deficit: recession
(DBN)

Steel's rise is tempered by a crop's fall
(DBN)

Goldman: Economic Environment "Becoming Less Pleasant"
(DBN)

Easy Money of Stimulus Made Life Harder for Some
(DBN)

NAFTA deal seen as more likely, as GOP worries about farm states Auto imports from Mexico climb as NAFTA negotiators appear close to new agreement Cars, Cows and a Half-Sunset: Here’s How NAFTA 2.0 Could Look
(DBN)

Study: Top 20 Percent of Income Households Pay 87 Percent Of Taxes
(DBN)

Restaurant sales gain ground in March as consumers' tax refunds roll in
(DBN)

Hotels: Occupancy Rate Down Year-over-Year
(DBN)

‘We need to govern in a different way’: Kentucky’s GOP governor to veto tax plan
(DBN)

How Much Americans Tip by State
(DBN)

Fewer U.S. Listed Companies – Is That a Problem?
(DBN)

Millennials will get Social Security. But there’s a catch
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

More Americans now saying it’s a good time to buy a home
(DBN)

5 states where you need to make about $100,000 to afford ‘the average home’
(DBN)

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Municipalities:

Is Puerto Rico Serious About Reforming?
(DBN)

Gov. Rossello Makes Good on Fiscal Plan Promise
(DBN)

Puerto Rico vehicle owners lose bid for insurance reimbursement
(DBN)

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Oil/Gas:

Seadrill Reorganization Obtained Near Full Support From Creditors
(DBN)

Oil prices climb as trade-war tensions recede
(DBN)

Why Is U.S. Oil So Cheap?
(DBN)

Will Shale Become The Next Victim Of The China-US Trade War?
(DBN)

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Retailing:

Roundtable: Distress in the retail sector
(DBN)

Billionaire mall owner: 'Amazon has been great for retail' — and here's why Don't Blame Amazon for the Retail Apocalypse
(DBN)

Auction of bankrupt retailer Bon-Ton Stores Inc. delayed Group of creditors objects to delay of auction to sell bankrupt retailer Bon-Ton Stores Inc. Bankrupt store chain Bon-Ton gets acquisition offer Mall owners bid for bankrupt retailer Bon-Ton Stores Inc., according to court filing The Bon-Ton Stores, Inc. Receives Signed Letter of Intent from DW Partners, Namdar Realty Group and Washington Prime Group Two US mall owners set to bid together to save Bon-Ton from closing all of its stores
(DBN)

Another Retail Shoe Drops: Nine West Declares Bankruptcy Nine West Bankruptcy Causes Twitter Hysteria — Why Brand Fans Are Reacting Prematurely Nine West wins $300M bankruptcy loan and a bid for flagship brand Nine West Files for Chapter 11; Wells Fargo to Agent DIP
(DBN)

Reports of Retail's Death Are Premature
(DBN)

The running list of 2018 retail bankruptcies
(DBN)

Hasbro Will Carry On Despite The Toys 'R' Us Bankruptcy
(DBN)

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Student Debt:

Class-action lawsuit against student loan giant brings hope to borrowers in bankruptcy
(DBN)

Law Firm’s Role Renews Focus on Contentious Student Loan Bid Protest
(DBN)

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Satellites:

Avanti seeks debt-for-equity swap to avoid administration
(DBN)

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Movie Theaters:

Comfiest Seat in the House: Struggling Movie Theaters Go Upscale to Survive
(DBN)

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Celebs:

You Know Why Will Smith Starred In Fresh Prince? Because The IRS Forced Him To
(DBN)

Check Out The Details On Joey Lawrence's Bankruptcy Settlement
(DBN)

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Currency:

Bitcoin, the Biggest Bubble in History, Is Popping
(DBN)

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Marijuana:

Banks Need Policies For Pot Biz, Financial Crime Experts Say
(DBN)

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Fraud:

Federal judge finalizes $25 million Trump University settlement
(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 (25 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (71 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)

Bankruptcy Jobs:

(1) (2) (3) (4) (5) (6) (7) (8)
(DBN)

Seminars - (Contact us to list your seminar)

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Bankruptcy Statistics:

March Commercial Chapter 11 Filings, 2008-18
(DBN)

2018 On Track To Be Busiest Of Last 7 Years For $1B+ Bankruptcies
(DBN)

Weekly Bankruptcy Claims Trading Activity
(DBN)

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Appeals:

The Eleventh Circuit Reaffirms the “Person Aggrieved” Standard
(DBN)

SCOTUS Holds that Cases Consolidated Under FRCP 42(a) Are Independent for Purposes of Finality and Appealability
(DBN)

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Insurance:

The Palmaz Plan: Investors Can Have Their Direct D&O Claims But Not The D&O Insurance Proceeds #WinningWhileLosing
(DBN)

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Examiners:

Examiner OK'd In Ch. 11 Tied To Alleged Indian Fraudster
(DBN)

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IP:

The Ever-Changing Bankruptcy Landscape for Trademark Licenses
(DBN)

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Insiders:

Insider Status and U.S. Bank v. Village at Lakeridge
(DBN)

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Personal Finance:

Under 3 percent of Americans can pass this 6-question money quiz
(DBN)

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Healthcare:

Budget office expects 34% jump in ACA premiums
(DBN)

Spinning-chair clinic that scored millions in taxpayer dollars with sketchy science files for bankruptcy
(DBN)

Exposing the Myth of Widespread Medical Bankruptcies
(DBN)

Trump administration offers two more ways to escape Obamacare's penalty
(DBN)

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Accounting:

How Did the Big Four Auditors Get $17 Billion in Revenue Growth? Not From Auditing
(DBN)

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Media:

Fox News is less trusted than CNN and MSNBC, Fox News graphic shows
(DBN)

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Entertainment:

Court approves Approaches for auctioning Weinstein Co
(DBN)

How ‘Pippin’ Movie Escaped Harvey Weinstein & TWC Bankruptcy
(DBN)

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Autos:

Bankruptcy watch: Will Tesla make it through? Tesla fails to hold the key $300 level
(DBN)

Wave of bankruptcies sweeps subprime car-lenders
(DBN)

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Shoes:

3 Major Shoe Brands Have Already Gone Bankrupt in 2018
(DBN)

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Food/Beverage:

West Village Diner Waverly Restaurant Files for Bankruptcy Protection
(DBN)

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Tax:

Taxes From A To Z (2018): V Is For Voluntary Bankruptcy
(DBN)

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UK:

EY appointed administrator for vehicle hire firm
(DBN)

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Canada:

Ottawa man charged in World Affinity Telecom bankruptcy
(DBN)

Supreme Court of Canada to Rule on CRA Superpriorities
(DBN)

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India:

Fierce insolvency fights critical for Indian investors
(DBN)

Banks may only recover less than half of total loans and that’s a sweet deal
(DBN)

Report Of The Insolvency Law Committee: The New Way Forward
(DBN)

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Zambia:

Zambia's Bonds Sink on Concern It's Pulling a Mozambique on Debt
(DBN)

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Venezuela:

Venezuela Debt Crisis Nears New Low as Riskiest Bond Matures
(DBN)

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South Korea:

As GM union faces big job losses, Koreans turn cold shoulder
(DBN)

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MENA:

As sukuk disputes simmer, Islamic scholars ponder legal risks
(DBN)

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