April 18, 2018

The Daily Bankruptcy News

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Law:

Barnes & Thornburg Continues Southern California Growth With Three Restructuring Attorneys • Barnes & Thornburg Bolsters SoCal Ranks With 3 Restructuring Pros
(DBN)

Yale law professor wins Pulitzer Prize for book on mass incarceration • Yale Law Prof Nabs Pulitzer
(DBN)

Mintz Levin Gives Staff $1,000 Bonuses
(DBN)

In-House Counsel Sound Off: The Billable Hour Is ‘Adversarial’
(DBN)

Ex-Liddle Partner Hammers Firm In $32M Equal Pay Suit
(DBN)

Discovery, Mediation Scheduled in Proskauer Gender Bias Suit
(DBN)

Ex-BigLaw Atty Blasts Murder Charges At Trial's Close
(DBN)

As Hot Texas Legal Market Presents Abundant Lateral Opportunities, Dallas Firm Gruber Hail Decides to Close
(DBN)

5 Financial Landmines Young Attorneys Should Avoid
(DBN)

Lawyers must inform current clients when they make material errors, ABA ethics opinion says
(DBN)

How Old Is The LSAT?
(DBN)

ABA Looks To Roll Out The Red Carpet For The GRE
(DBN)

Law School Marks Down Grades For Single-Breasted Jackets Or If ‘Bra Shows’
(DBN)

Are Law Review Articles A Waste Of Time?
(DBN)

More Bar Exam Results Are Out, And They’re Not Pretty
(DBN)

Why BigLaw's Partnerships Are Shrinking
(DBN)

Does Geographic Growth Payoff?
(DBN)

5 Ways Law Firms Are Becoming More Like Hotels
(DBN)

The Ultra-Cheap Phones Even iPhone Users Will Crave
(DBN)

The Biglaw Firms Potentially Caught In The Cohen Raid • House GOP leader: Contrary to reports, Trump doesn't look bothered by Comey book or Cohen investigation • Sean Hannity was criticized on his own show for not disclosing his ties to Trump's embattled personal lawyer • Two other Trump lawyers may be more vulnerable than Michael Cohen • Fox News stunned and blindsided by Hannity's surprise relationship with Michael Cohen • Fox News Stands by Hannity Over Undisclosed Cohen Ties • Sean Hannity’s Ties to Two More Trump-Connected Lawyers • The Michael Cohen Case: A Definitive Guide to Key Players • Trump camp fear attorney who could flip on the president • You Only Hire Cohen for One Reason
(DBN)

Mitch McConnell shut down the idea of passing a bill to protect Mueller from being fired by Trump • Turning Tide for Mueller?
(DBN)

Trump tweets for the first time on Stormy Daniels accusations • Stormy Daniels wins TV war: overshadows taxes, health care
(DBN)

Trump's Lifelong Addiction to Lawyers
(DBN)

Trump bashes California Gov. Jerry Brown for limiting National Guard mission at Mexico border
(DBN)

Supreme Court restricts deportations of immigrant felons
(DBN)

The Bill Cosby Re-trial: What a Difference a Year Makes
(DBN)

Sandy Hook parents sue Alex Jones of Infowars over hoax claim • 'Not Worried About Blowback': Lawyers for Sandy Hook Families Discuss Suit Against InfoWars' Alex Jones
(DBN)

Top court in Massachusetts strikes down stun gun ban, says licensing requirement would be OK
(DBN)

9th Circuit appoints special prosecutor to oppose Arpaio; dissenter fears attack on pardon authority
(DBN)

Dick's Sporting Goods to Destroy Firearms
(DBN)

Starbucks stores will close nationwide next month in an unprecedented attempt to fix a company crisis • Starbucks is closing all locations in response to the arrest of 2 black men who tried to use a store's bathroom — and it's sparking a culture war on all sides
(DBN)

McConnell Stalled Harassment Bill in Senate
(DBN)

Lawyer who used nonlawyers to sell living trusts is suspended in New Jersey
(DBN)

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Judges:

Gorsuch joins liberal justices to strike law authorizing deportation for some ‘crimes of violence’ • Gorsuch Did Not Side With ‘The Liberals,’ He Sided With Antonin Scalia
(DBN)

Justice Sotomayor is expected to keep working despite breaking her shoulder • Left Wing Crippled By Injury To Sonia Sotomayor
(DBN)

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Wall Street:

US stocks set for a mixed to higher open ahead of Morgan Stanley, American Express earnings • Dow set to push further into the green for 2018, as more earnings arrive
(DBN)

European stocks head higher as earnings take center stage
(DBN)

U.S. stocks close higher, S&P 500 back in positive territory for 2018
(DBN)

Goldman Sachs delivers huge earnings beat on trading bonanza
(DBN)

Fund managers cut stock holdings as many see market peaking: Bank of America survey
(DBN)

Why stocks could climb higher despite rising interest rates
(DBN)

Morgan Stanley issues warning that the end is near for the bull market
(DBN)

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Layoffs:

Ballad Health announces 150 job layoffs
(DBN)

Worldwide Flight Services to lay off 161 at PHL air cargo facility
(DBN)

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Radio:

Radio's health is better than you think, but what's the long-term prognosis?
(DBN)

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Travel:

What it's like to fly on the new 'millennial' airline that serves craft beer, signature cocktails, and organic coffee — and has flights from $60
(DBN)

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Media:

Glenn Beck, then enigmatic conservative media firebrand, appears to be selling off his assets as his media enterprise downsizes
(DBN)

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Retailing:

Toys R US rejects bid from Bratz maker's CEO • Billionaire toy maker's bid to save Toys R Us stores rejected • Toys ‘R’ Us Rejects Rescue Offer From Little Tikes’ Larian
(DBN)

Younkers stores could shutter across Iowa as part of bankruptcy
(DBN)

Parent company of Herberger's could be headed for liquidation
(DBN)

The rise and fall of Elder-Beerman: A timeline of Dayton’s dying store
(DBN)

The Bon-Ton Stores, Inc. Announces Winning Bid in Bankruptcy Court-Supervised Auction • Bon-Ton Assets Snapped Up by Liquidation Firms, Bondholders • Liquidators to wind down US department store chain Bon-Ton • Bon-Ton’s Plan To Avoid Liquidation Failed. But The Idea Could Have Worked.
(DBN)

Argument analysis: Justices are divided on whether to overrule precedents on sales-tax collection by remote sellers • Supreme Court Frustrated With Arguments In Wayfair Case • Supreme Court grapples with the online sales tax • Justices Eye Congress, 'Massive' Lawsuit Potential in Online Sales Tax Case
(DBN)

The undercover author who discovered Amazon warehouse workers were peeing in bottles tells us the culture was like a prison
(DBN)

Fate of the Middletown Mall unknown after bankruptcy notice
(DBN)

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Autos:

Tesla is sliding after halting Model 3 production
(DBN)

Tesla to make Model 3s around the clock, hire hundreds to reach goals
(DBN)

Elon Musk reportedly tells Tesla employees that they should just leave meetings or hang up the phone if it's not productive • Elon Musk raises Tesla Model 3 goal, rips inefficient contractors in internal email • Tesla sets goal of producing 6,000 Model 3s per week in June
(DBN)

Bernstein analyst is 'skeptical' about Tesla Model 3's profitability, predicts stock drop
(DBN)

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Economy:

Utilities boost US industrial output in March, while factory growth was sluggish • Industrial Production Increased 0.5% in March
(DBN)

IMF lifts U.S. growth outlook on tax-cut view
(DBN)

US growth rate won’t be enough to control the deficit, economist warns
(DBN)

Fed's Williams sees U.S. inflation at or above goal for years
(DBN)

Treasury Secretary Mnuchin: Trump tweet was 'warning shot' to China on currency • Deluded Steve Mnuchin Still Pretending To Divine Deeper Meaning From Trump Tweets • China to ease rules on foreign auto makers after U.S. calls for level playing field • How a trade war with China could hurt the tech industry • US-China trade fight would not hit Chinese growth until end of this year, says JPMorgan
(DBN)

Haley Hits Back at Kudlow on Sanctions • Trump Lets Haley Take the Heat on Sanctions
(DBN)

Trump appears to rule out rejoining the TPP: 'I don’t like the deal'
(DBN)

House GOP leaders pin their November hopes on making the tax plan more popular • Senate GOP wary of new tax cut sequel • Trump's tax cut not for everyone: 1 million Californians will owe $12 billion more next year • How the Tax Cut President Trump Loves Will Deepen Trade Deficits He Hates
(DBN)

Tax cut riches have gone to execs and investors over workers by nearly 3-to-1 margin
(DBN)

Here's how many Americans think taxes are 'about right' vs 'too high'
(DBN)

These are the 20 best small American cities for starting a business
(DBN)

This is not your father’s economy
(DBN)

'Everything you see in sci-fi movies is going to happen,' says former Google X senior executive
(DBN)

KS: Brownback's Failed Tax Cut Experiment
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Housing starts rebound, but single-family homebuilding remains weak • Housing Starts increased to 1.319 Million Annual Rate in March • Housing starts rebound as buyer demand buoys builders • Comments on March Housing Starts
(DBN)

MBA: Mortgage Applications Increase in Latest Weekly Survey
(DBN)

Yes, you can afford to buy a home in these big cities
(DBN)

That apartment building boom is slowing — so rent is about to accelerate
(DBN)

A Bon-Ton liquidation jeopardizes US mall owners already in trouble
(DBN)

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Municipalities:

Lawrence Summers: How to actually help Puerto Rico
(DBN)

Crisis hits Harvey, but money pressures squeeze many towns
(DBN)

The Collapse of Public Pension Funds Is No Longer a Distant Prospect
(DBN)

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Oil/Gas:

Seadrill gets U.S. court approval for bankruptcy exit plan
(DBN)

Oil prices rise on optimism ahead of U.S. supply data
(DBN)

Canada’s Oil Patch To Turn Profitable In 2018
(DBN)

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Tech:

Trust in Facebook has spectacularly nosedived after its enormous data breach
(DBN)

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Personal Finance:

How to survive an IRS tax audit
(DBN)

How to answer the 'What's your salary?' interview question if you're being underpaid
(DBN)

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Student Debt:

Debt could dissuade students, hurt U.S. economy, says Fed official
(DBN)

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Food/Beverage:

Another Restaurant Bankruptcy : Bertucci's Runs Out Of Dough
(DBN)

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Nuclear:

Westinghouse ready to supply six nuclear reactors on schedule: Rick Perry • US backs Westinghouse to finish nuclear power projects in India
(DBN)

Three Mile Island supporters urge lawmakers to save financially troubled nuclear power plant
(DBN)

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Solar:

Suniva creditor wins U.S. bankruptcy court approval to sell company's assets
(DBN)

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Currency:

SEC issues subpoena to cryptocurrency company Riot Blockchain
(DBN)

Bitcoin whales dump $100 million of digital currency in 24 hours
(DBN)

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Marijuana:

Trump Card: Is A Congressional Legislative Victory On The Horizon For States’ Rights And Pot?
(DBN)

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Corporate Reform:

GOP May Roll Back Decades of Regulation
(DBN)

GOP to Kill Safeguards on Auto Lending
(DBN)

Congressional Review Act Confusion: Indirect Auto Lending Guidance Edition (a/k/a The Fast & the Pointless)
(DBN)

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Musical Instruments:

Guitar Center Faces Imminent Bankruptcy After 59 Years In Business
(DBN)

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Fraud:

Platinum Partners Fraud Case To Be Split Into 2 Trials
(DBN)

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Celebs:

Kerry Katona opens up about her struggle with debt and bankruptcy in candid interview
(DBN)

Two Years Later, Prince's Heirs Have Still Not Received a Penny of His Estate
(DBN)

Celebrities we're secretly worried about on tax day
(DBN)

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Healthcare:

Fifth Circuit Decision is Rare Victory Permitting District Court to Enjoin Recoupment Before Provider Exhausts Administrative Remedies
(DBN)

Bankruptcy judge OK's Go Ye reorganization
(DBN)

Tulare hospital's creditors lining up in court
(DBN)

The world is beginning to approach death differently
(DBN)

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Hollywood:

The Weinstein Co. Sued Over Rights to Armie Hammer Film
(DBN)

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Transit:

The Great San Francisco Scooter War of 2018 • San Francisco to Put Foot Down on Scooters
(DBN)

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Biofuels:

Senators Tell EPA to Quit Knocking Ethanol
(DBN)

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Aviation:

Passengers are livid after airline cancels Mexico flights, tells them to find another way home
(DBN)

Southwest plane makes emergency landing in Philadelphia; 1 killed, NTSB says • Inside Southwest's Fatal Midair Engine Failure • Southwest passenger says 'there is blood everywhere' after terrifying emergency landing • Investigators found a major clue to what may have caused Southwest jet's engine failure • Southwest passenger who died after major engine failure has been identified as a Wells Fargo VP and mother of two
(DBN)

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New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (19 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (69 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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Personal Bankruptcy:

Updated Means Testing Census Bureau and IRS Data For Cases Filed After May 1, 2018
(DBN)

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TBTF:

Hank Greenberg Won’t Rest Until He Vanquishes The Scourge Of Securities Laws
(DBN)

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Discharge:

Argument Transcript of SCOTUS "Financial Condition" Discharge Case
(DBN)

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Appeals:

Orrick Wins S.D.N.Y. Dismissal of Chapter 15 Appeal by Purported Shareholder on Standing and Equitable Mootness Grounds
(DBN)

First Circuit Limits Scope of Jevic in Mooting Appeal of Unstayed Bankruptcy Sale Order
(DBN)

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Safe Harbors:

Would you (Still) Qualify for this Narrowed Safe Harbor from Clawback Claims?
(DBN)

U.S. Supreme Court Narrows Scope of Section 546(e)’s Safe Harbor for Securities Transaction Payments
(DBN)

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Trustees:

Navigating Disputed Chapter 11 Trustee Elections
(DBN)

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IP:

Section 365(n) of the Code: The Intersection of Bankruptcy and Intellectual Property
(DBN)

First Circuit Rejects Sunbeam Approach to Effect of Rejection of Trademark License in Bankruptcy
(DBN)

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Non-Profits:

Tax Reform and Nonprofit Bankruptcy
(DBN)

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Avoidance Actions:

Debate Intensifies as to Whether the Bankruptcy Code’s Avoidance Provisions Apply Extraterritorially
(DBN)

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Cross-Border:

Chapter 15 Update: U.S. Venue Selection Clause Does Not Trump Distribution Scheme in Italian Restructuring Plan
(DBN)

Experts Preview Panel on Navigating Liability Claims in Cross-Border Cases
(DBN)

Non-Consensual Third-Party Releases Held Enforceable in Chapter 15 Proceeding
(DBN)

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Mediation:

Local Confidentiality Rules DO Create a Mediation Privilege: ADR Act of 1998
(DBN)

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Bankruptcy Remoteness:

Bankruptcy Remoteness Going to a Court of Appeals (Progress Report No. 2)
(DBN)

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Politics:

Barbara Bush, former first lady and first mother, dead at 92 • Barbara Bush was much more than 'everybody's grandmother' • Inside the 'storybook' marriage of Barbara and George HW Bush — who were married longer than any first couple, and still said 'I love you' every night • Barbara Bush remembered as no-nonsense matriarch of Republican dynasty • Barbara Bush Had a Good, but Hard Life • Barbara Bush's Life in Pictures
(DBN)

Paul Ryan denies working with Trump drove his decision to retire: 'I'm grateful' for his election
(DBN)

Israeli intelligence reportedly says Trump's Syria strike failed, didn't take out much of anything
(DBN)

GOP Rep. Charlie Dent says he will leave Congress earlier than expected
(DBN)

Trump wants to jump-start US weapons exports — and put Cabinet secretaries on the front line as salesmen
(DBN)

Trump Businesses Making Millions from Gov't
(DBN)

Trump reportedly wants to denuclearize North Korea by 2020 • News of CIA director Mike Pompeo's secret trip to meet Kim Jong Un in North Korea comes on the same day multiple lawmakers indicated they won't approve his bid to become secretary of state • The Humbling of Mike Pompeo
(DBN)

Ret. Admiral: President Trump’s Actions Are Making Many Military Leaders Uncomfortable
(DBN)

A new Pennsylvania poll is filled with bad news for Republicans
(DBN)

What Does Being Trump's Friend Get You?
(DBN)

Mike Pence's "Art of the Deal"
(DBN)

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Tax:

IRS' E-Filing System is Down • The IRS tax payment site is glitching as your Tax Day deadline looms
(DBN)

Trump filed for an extension on 2017 tax returns
(DBN)

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UK:

Rangers EBT scheme mastermind Paul Baxendale-Walker faces bankruptcy
(DBN)

Beaufort Securities insolvency could cost up to 100m
(DBN)

British pubs are disappearing. Here's why
(DBN)

Inflation drops to its lowest level in a year as the Brexit spending squeeze finally lets up
(DBN)

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Canada:

Dentons Canada Partner Suspended After Fatal Hit-and-Run
(DBN)

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PIIGS:

Employees of insolvent TV channel to receive handout
(DBN)

ie: Sean Dunne denies claims he failed to co-operate with bankruptcy official • Bankrupt tycoon Sean Dunne tells trial he 'didn't need furniture to live in house'
(DBN)

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India:

Modi’ war on NPAs creates history! 1 wicket down from RBI’s Dirty Dozen; what next?
(DBN)

Parliamentary panel discusses NPA issue with RBI Governor, bankers
(DBN)

IDBI prepares roadmap for NPA reduction, improving financial health
(DBN)

This move by RBI will provide much-needed breather to ailing banks, says Crisil
(DBN)

Decoding The Insolvency Law Committee Report
(DBN)

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China:

Chinese automakers' shares take hits after Beijing says it will open its car market
(DBN)

How The U.S. Export Ban Effectively Bankrupts China's Telecom Giant ZTE: Analysis
(DBN)

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Japan:

Japan Bank Falls Most Since 1975 Over Faked Documents Report
(DBN)

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Turkey:

Yildiz Holding to restructure $6.5 bln of debts
(DBN)

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