April 20, 2018

The Daily Bankruptcy News

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Law:

Proposed Student Loan Cap Could Cause 20-30 Law Schools To Close Within Five Years
(DBN)

Survey Shows 27 Percent Pay Gap for Top Women Equity Partners Male Equity Partners Earn Almost 30% More Than Women
(DBN)

Yale Law Women Names Top 10 Female-Friendly Firms
(DBN)

BLS Data Show Lawyer Employment, Incomes Continue To Rise
(DBN)

Second Law Prof Whistleblower Suit Against InfiLaw Unsealed
(DBN)

Being A Summer Associate Is The Best Job You’ll Have In The Legal Industry
(DBN)

Proskauer Partner's Gender Bias Suit Heads To Mediation
(DBN)

Latham Opens Nominations to Replace Ousted Leader Voge
(DBN)

February Bar Exam Performance Hits Record Low Performance On February 2018 Bar Exam Sinks To Record Low
(DBN)

How to ask about compensation in a job interview without sounding greedy
(DBN)

Uber Driver Tried To Abduct Law Prof Nancy Leong On Way To Airport
(DBN)

Los Angeles Law Firms After The Financial Crisis
(DBN)

Dentons under SRA investigation for HR cover-up
(DBN)

ABA Committee Proposes Eliminating The LSAT Requirement For Law School Admissions
(DBN)

Muller: Visualizing Law School Employment Outcomes In Florida, Pennsylvania, And Texas
(DBN)

McIver Jury Asks if It Can Acquit on Murder & Assault Charges, but Convict for Influencing Witness
(DBN)

Manafort Suspected of Serving as ‘Back Channel’ to Russia, DOJ Says Inside Paul Manafort's 6-month fight to meet his $10 million bail Judge raises doubts on Mueller appointment order Report: Rod Rosenstein reassured Trump on Mueller investigation Rosenstein Told Trump He’s Not a Target in Mueller Probe Trump appears to back off Rosenstein and Mueller, for now Trump “hasn’t cooled off on” Rod Rosenstein Trump decided not to fire Rosenstein after being told he wasn't a target in the Cohen probe, reports say Grassley’s Pitch on Bill Protecting Mueller: It’s Not About Trump Senate Bucks Mitch; Moves For Mueller Grassley Aims To Shield Mueller Probe Despite GOP Objection Federalist Society is silent on liberal counterpart’s call for joint defense of Mueller Donald Trump Says He Hasn’t ‘For the Most Part’ Invoked Privilege in Russia Probe
(DBN)

Comey memos released to Congress, track his testimony and new book Read: James Comey's memos Comey Memos Provide Intimate Look Into Trump Presidency Comey memos offer new details on his interactions with Trump as the FBI’s Russia probe intensified Comey : 'I didn't have confidence' in deputy AG Rosenstein What the Comey memos tell us about Trump In Comey memos, Trump talks of jailed journalists and ‘h------’ Comey memos renew questions over Trump's behavior Trump: Comey memos clearly show there was no collusion Here are the biggest revelations from Comey's memos Comey memos detail Trump's comments on Russia, reservations about Flynn Comey : No-one around Trump to stop impulsive behaviour Comey Seems Blind to the Truth About Lying Comey's book tour is all about 'truth' — but his FBI tenure, not so much Comey v. Trump: When sinners collide 'Isn't that a little cute?': CNN's Jake Tapper grills James Comey in a tough interview on his new book “He Has a Lot of Information He’s Not Sharing”: Why the Most Important Part of Comey’s Book May Be What He Left Out Comey and McCabe Leap From The Moral High Ground Into The Trump Abyss Comey pities Trump: 'I don't dislike him, I actually feel sorry for him as a person'
(DBN)

Stris & Maher, the LA Boutique, Claims 'Total Victory' in Settlement About Alleged Trump Affair
(DBN)

New Gmail And Outlook Security Features Will Appeal To Lawyers
(DBN)

DOJ's watchdog refers Andrew McCabe to US attorney for criminal investigation Criminal charges recommended for fired FBI official Andrew McCabe Who Is Jessie Liu, the Trump-Nominated U.S. Attorney Who Could Prosecute Andrew McCabe? The McCabe IG Report: This Is What It Looks Like When The Government Comes For You Here are Possible Charges Andrew McCabe May Face After Criminal Referral from DOJ Inspector General James Comey could “potentially” testify against Andrew McCabe
(DBN)

Trump's allies sound the alarm amid mounting fears his most trusted associate could turn on him Lawyer: Cohen will cooperate with prosecutors because he's 'not suited' for life in jail 4 Signs Michael Cohen Will Flip on President Trump Father-in-law of Trump lawyer Cohen reportedly loaned millions to Chicago cab mogul mentioned in warrants No, the Michael Cohen investigation probably isn't 'the beginning of the end' of Trump's presidency Michael Cohen has a long history of dealing with business partners who have been convicted of crimes Cohen drops libel suits against BuzzFeed, Fusion GPS Is Michael Cohen Dropping His Lawsuit Because The Pee Tape Is True? Or Because He’s Got Bigger Problems? Cohen, U.S. Weigh In on Who Should Get Peek at Trump Secrets Who’s Who In The Race To Become The Special Master Over The Docs Seized In The Cohen Raid Did Trump Lawyer Jay Goldberg Just Discuss His Obstruction Strategy With the Wall Street Journal?
(DBN)

Rudy Giuliani joins Trump's legal team Rudy Giuliani joins Trump’s legal team along with 2 other lawyers Giuliani Joins Trump Legal Team, Takes Leave from Greenberg Traurig Giuliani Isn't The Big Trump Legal Story Rudy Giuliani joins Trump legal team, hopes to end Russia probe in ‘a week or two’
(DBN)

Trump went into extraordinary detail on his pitch to put reporters in jail over leaks
(DBN)

Playboy Playmate, Publisher Settle Trump Secrecy Lawsuit Ex-Playboy model settles suit claiming faulty lawyering nixed her deal to remain silent on Trump
(DBN)

"Kids are going to be kids"? - Michigan school where students taunted as 'slaves' closed as Confederate flag protest escalates to threats
(DBN)

The Escalating City-State Battle Over Guns
(DBN)

One of the men arrested at a Philly Starbucks: This is not a 'black people thing, it's a people thing' ‘They can’t be here for us’: Black men arrested at Starbucks tell their story for the first time Philly Police Commissioner’s Apology to Starbucks Men is a Total Face-Palm Moment
(DBN)

7th Circuit upholds nationwide injunction barring grant holdbacks for sanctuary cities
(DBN)

The Dentons Partner Facing Charges In Drunk Driving Death Has A History Of Legal Problems
(DBN)

Alabama to execute inmate, 83, oldest in modern history
(DBN)

Texas emergency operator jailed for hanging up on thousands of calls
(DBN)

Woman Finds Naked Burglar Eating Cheetos In Tub
(DBN)

Court forces Copperfield to reveal secret of vanishing trick
(DBN)

Wall Street Collector Launches Legal Fight Over Koons Works MoMA Trustee Says Koons, Gagosian Delayed Art Deliveries
(DBN)

CUNY Law Dean: Students Shutting Down Speech on Free Speech Was Free Speech Conservative Law Prof Heckled by CUNY Protesters
(DBN)

The Wax Wars Rage On At Penn Law
(DBN)

Clifford Chance partner used office for sex "multiple times"
(DBN)

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Judges:

Court: Sotomayor shoulder injury worse than first thought
(DBN)

Fees and fines threaten judicial independence
(DBN)

Law Firm Associate Takes SCOTUS Podium for Immigrant Family
(DBN)

Full transcript: Man calls judge a ‘c---’ on Facebook — appears before him in court the following week
(DBN)

Pa. Judge Can't Duck Conduct Charges For Alleged Bullying
(DBN)

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Wall Street:

US stocks set to for a negative open, as Honeywell, GE, SunTrust earnings loom
(DBN)

U.S. stocks close broadly lower, but end off lows amid report Trump not focus of Mueller probe
(DBN)

The tax bill accelerated the bull market — and may make its end more painful
(DBN)

Oops! Deutsche Bank accidentally sent a $35 billion payment
(DBN)

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Layoffs:

Atlantic Coffee Solutions To Lay Off 279
(DBN)

GM cuts result in 83 job losses at seat company
(DBN)

Nearly 600 Wells Fargo employees face layoffs
(DBN)

Qualcomm laying off 4.4% of its workforce to cut costs
(DBN)

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Healthcare:

Will the dismantlement of Obamacare affect healthcare restructuring?
(DBN)

Chain of mental health clinics declares bankruptcy
(DBN)

Health care giant, out of bankruptcy, names CEO
(DBN)

CCS Oncology tells patients it will shut down next week
(DBN)

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Currency:

Mt. Gox's disgraced CEO finds redemption Ex-CEO of Bankrupt Bitcoin Exchange Mt. Gox Has a New Job in Crypto Mt. Gox and the Surprising Redemption of Bitcoin’s Biggest Villain
(DBN)

Bitcoin 'miners' are losing money at any price below $8,600: Morgan Stanley
(DBN)

What Bitcoin Is Really Worth May No Longer Be Such a Mystery
(DBN)

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Marijuana:

How legal weed reached a tipping point in the Trump era
(DBN)

Is It Too Late to Stop the Rise of Marijuana, Inc.?
(DBN)

Democratic Leader Chuck Schumer Says He'll Introduce Weed Decriminalization Bill
(DBN)

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Food/Beverage:

ME: Once-promising Gardiner meat-processing facility files for bankruptcy
(DBN)

Bertucci’s Italian restaurant seeking buyer amid Chapter 11 bankruptcy
(DBN)

Bertucci’s: Filing Alert & Committee Formation Meeting Notice
(DBN)

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Student Debt:

Lessons from Bankruptcy Reform in the Private Student Loan Market
(DBN)

Congress Plans To Take Away Your Student Loan Money — What Happens To Legal Education Then?
(DBN)

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Economy:

Weekly Initial Unemployment Claims decrease to 232,000 US weekly jobless claims fell, indicating continued job growth after a slowdown in March
(DBN)

White House Officials See More Labor Market Slack Than Fed Does
(DBN)

Inflation expectations reach the highest in more than three years It’s not just oil: Signs of higher inflation popping up everywhere
(DBN)

Fed Will Accept a Recession Before It Allows High Inflation
(DBN)

The indicator with an almost perfect record of predicting US recessions is edging towards a tipping point
(DBN)

Risks to the global economy will begin materializing in 3 years 'at the latest,' says UBS chairman
(DBN)

Trade tensions are just one of the three biggest challenges for the global economy, IMF says
(DBN)

Lagarde Says Trade Spat May Dent Business Confidence
(DBN)

Gas price inflation will likely wipe out Trump tax cut gains for millions
(DBN)

Philly Fed Manufacturing Survey Showed "Continued Growth" in April
(DBN)

The Rise of the Rest (of the World)
(DBN)

Finland's two-year universal basic income experiment is coming to an end
(DBN)

Why All the Warnings About Unsustainable National Debt Could Be Wrong The US Has an Exceptional Debt Outlook – and Not in a Good Way
(DBN)

How much money you have to earn to be considered rich in the biggest city in every state
(DBN)

Very unattractive people earn significantly more money, according to a new study
(DBN)

Here's how many Americans there are at each age and sex
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Home prices just took the biggest jump in four years These Cities Have the Largest Home Price Gains Since the Recession
(DBN)

Black Knight: National Mortgage Delinquency Rate Decreased in March
(DBN)

Mortgage rates roar to a fresh 2018 high
(DBN)

Why do underwater homeowners keep paying the mortgage?
(DBN)

Royal Park strikes out again in last-gasp wave of MBS trustee suits
(DBN)

U.S. Homebuying Slows Down, But Not for Hispanics
(DBN)

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Municipalities:

Hurricane Aid Has Eased Puerto Rico’s Finances. It May Not Be Enough
(DBN)

Puerto Rico governor will not impose pension cuts sought by board
(DBN)

Puerto Rico Board Backs Fiscal Plan Amid Clash With Governor
(DBN)

As Puerto Rico Creditors Eye Payout, Islanders Get Angry
(DBN)

Human lives must be focus of Puerto Rico fiscal plan
(DBN)

Control board meeting to OK austerity plans for Puerto Rico
(DBN)

The Oversight Board’s Latest Fiscal Plan for Puerto Rico is Still Too Optimistic
(DBN)

Puerto Rico's Archbishop Pushes Debt Jubilee
(DBN)

Hurricane season is coming and Puerto Rico still has a big power problem
(DBN)

Puerto Rico creditors may get payment boost in new fiscal plan
(DBN)

Power restored to 70 percent of Puerto Rico customers
(DBN)

Atlantic City takeover legal bills top $4.8 million
(DBN)

Arizona teachers may be next to strike Arizona Teachers Vote to Walkout
(DBN)

Indebted Chicago Suburb Catches a Break With Naming Rights Deal
(DBN)

Muni Lowdown
(DBN)

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Oil/Gas:

Formerly bankrupt Linn Energy further splintering, CEO retiring CEO Awarded $60 Million to Lead Linn Energy Firm Past Bankruptcy
(DBN)

Seadrill To Emerge From Bankruptcy Within Months At A Fraction Of Its Current Valuation
(DBN)

Watch for ‘violent selloff’ to thwart Saudis’ wish for $100 oil
(DBN)

Oil dips but remains close to late-2014 highs on supply cuts, strong demand
(DBN)

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Fraud:

Leaked video shows Theranos employees playing the video game they created where you shoot at the reporter who exposed the startup's problems
(DBN)

Lance Armstrong settles federal fraud lawsuit for $5 million The Man Who Brought Down Lance Armstrong
(DBN)

Judge Gifts World A Third Platinum Partners Trial
(DBN)

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Retailing:

Toys R Us gift cards will expire in 2 days
(DBN)

Do you have a Bon-Ton gift card? Use it now, experts say
(DBN)

Bon-Ton Stores begin going-out-of-business sales
(DBN)

Pier 1 Imports Announces Three-Year Turnaround Plan While Stock Plunges
(DBN)

Amazon's 100 million Prime members will help it become the No. 1 apparel retailer in the US
(DBN)

Victoria’s Secret runway show is out of step with the #MeToo movement and it’s hurting business
(DBN)

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Electricity:

FirstEnergy Solutions Bankruptcy Could Take a Long Time
(DBN)

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Musical Instruments:

Report: Guitar Center At Serious Risk Of Bankruptcy
(DBN)

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Bankruptcy Crimes:

Moline man gets two years in prison for bankruptcy fraud
(DBN)

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Coal:

Trump considers Truman-era defense law to save coal and nuclear plants
(DBN)

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Celebs:

‘Dance Moms’ Star Abby Lee Miller Has Cancer, Underwent Spine Surgery
(DBN)

Johnny Depp Dumped By Lawyers As Fraud Trial Looms
(DBN)

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Hollywood:

The Weinstein Co.’s A Hot Property In Bankruptcy Court, Attracting 60 Potential Bidders
(DBN)

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Banking:

U.S. to fine Wells Fargo $1 billion — the most aggressive bank penalty of the Trump era
(DBN)

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Newspapers:

National Enquirer Parent, Staunch Trump Backer, Faces Mounting Debt, Shrinking Sales
(DBN)

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Lehman:

Lehman Judge Fumes At RMBS Trusts' Distribution Moves
(DBN)

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Pharma:

FDA commissioner to drug middlemen: You're part of the problem
(DBN)

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Solar:

Trump’s solar tariffs are stoking global competition
(DBN)

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Non-Profits:

Federal judge: UWO Foundation's lawsuit against UW System will go to trial
(DBN)

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Fashion:

One Brand’s Plan for Escaping Bankruptcy
(DBN)

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Consultants:

Alvarez & Marsal hires ex-Conway Mackenzie exec for restructurings Liebman to Co-Head A&M West Region Restructuring Practice
(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 (22 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (52 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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Appeals:

Appeal Deadline in Consolidated Bankruptcy Cases: Supreme Court Adopts Minority View (Hall v. Hall)
(DBN)

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Consumer Debt:

Ending Perpetual Debts
(DBN)

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Maritime:

Maritime Liens and the Automatic Stay: Impact of the Ninth Circuit’s Barnes Decision
(DBN)

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Litigation:

Crisis of Candor: Is the Jury System at Risk From Alternative Facts?
(DBN)

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Politics:

Senate allows Senator's baby in chamber despite concerns from older, male senators The tantrum over babies on the Senate floor, explained Sen. Duckworth tweets baby's potential outfit for historic Senate floor debut
(DBN)

Only Melania to Attend Barbara Bush Funeral
(DBN)

A Lawyer Recounts How She Became Pen Pals With Barbara Bush
(DBN)

2 clear winners emerged after Trump's rift with his own administration over Russia blew wide open
(DBN)

John Kasich's political allies are reaching out to GOP mega donors, seeing if they’d back him in a run against Trump in 2020
(DBN)

First Democrat backs Mike Pompeo for Secretary of State How Rand Paul could still stop Pompeo Pompeo Nears Confirmation but Faces Historic Rebuke From Committee Democrats mull audacious play to block Pompeo The State Department’s collapse, as explained by Rex Tillerson
(DBN)

More House seats are open than in at least a dozen years, but it's no slam dunk for Democrats Castellanos: Republicans will lose 40 to 50 House seats Arizona Senate Race Heating Up – Blue, not Red Anti-Incumbent Sentiment Similar to 2010 and 2014 Elections
(DBN)

Kris Kobach is held in contempt for failing to tell some would-be voters of eligibility The Humiliation of Kris Kobach
(DBN)

New York’s governor plans to use pardon power to restore voting rights to felons on parole
(DBN)

Trump reportedly thinks he alone can solve the North Korea crisis by talking to Kim Jong Un
(DBN)

Kushner Cos. is subpoenaed by the feds following a report the company filed dozens of false documents
(DBN)

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Travel:

Fan Blade, Engine Cover Are Factors in Southwest Flight 1380 Engine Failure An airline pilot says engines can fail in 2 ways, and the Southwest accident was the more dangerous one The woman killed in the Southwest air disaster died of blunt trauma to the head, neck, and torso Southwest passengers could collect millions after deadly ordeal Report That Southwest Opposed Inspection 'Absolutely' Opens Door to Lawsuit Sheer Fright Seen as Lawsuit Claim for Southwest Survivors Here's what happened on the fatal Southwest Airlines flight After Southwest emergency, how can you tell the age of your airplane?
(DBN)

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Autos:

What If Tesla’s Time Is Running Out? Robots Rejected: Tesla Aims to Speed Model 3 Production with More Manpower Elon Musk's Week from Hell
(DBN)

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Tech:

Palantir Knows Everything About You
(DBN)

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Pension:

Judge Cuts Mississippi Hospital Pension by 25%
(DBN)

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Mail:

Amazon is 'more prepared than ever' to deliver packages without the post office
(DBN)

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Golf:

Judge Approves Pointe Service Association Purchase Of Golf Course
(DBN)

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UK:

UK set to strengthen corporate governance of insolvent companies
(DBN)

UK company bad debt rises by £580m
(DBN)

Insolvency Service Enforcement Outcomes: 2017/18
(DBN)

Failure to follow deemed consent procedure did not invalidate appointment
(DBN)

Theresa May's Irish Brexit border plans have been 'annihilated' by EU negotiators
(DBN)

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PIIGS:

Debt restructuring measures for Greece could be finalized soon
(DBN)

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

Protectionism is a 'historical mistake,' Spain's new finance minister says
(DBN)

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India:

India Turns a Bad-Loan Tragedy Into a Bankruptcy Farce
(DBN)

A new bankruptcy code is reshaping Indian business
(DBN)

UltraTech Questions Binani Cement's Resolution Process UltraTech dares tribunal
(DBN)

'Final attempt' to breathe life into India's bankrupt Aircel
(DBN)

'Entities with sufficient funds, ability to run Air India can bid'
(DBN)

Essar Steel case: Two steps forward, one step back? Essar Steel: Back to square one as uncertainty clouds JSW Steel, Vedanta bids
(DBN)

Pace of economic reforms in India unlikely to continue in election year, says IMF chief Christine Lagarde
(DBN)

12,000 employees of bankrupt Alok Industries set to lose jobs
(DBN)

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Russia:

Kremlin Faces Unappetizing Menu for Helping Sanctioned Rusal
(DBN)

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Germany:

German Federal Civil Court strengthens Leasing Receivables Securitisation, Factoring and Asset Based Lending in the Lessor’s Insolvency
(DBN)

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South Korea:

GM Korea heads into crucial Friday deadline without labor deal
(DBN)

GM Korea and union in talks Friday afternoon, seek to ward off bankruptcy
(DBN)

S Korea offers GM $470m to stay in country as bankruptcy looms
(DBN)

Korean ship maker Sungdong on verge of bankruptcy
(DBN)

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Australia:

Devil in the Detail – Proposed Exclusions from the Ipso Facto Stay
(DBN)

Salim Mehajer launches court bid to overturn bankruptcy Only God can bankrupt me: Salim Mehajer
(DBN)

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Congo:

Congo Republic still not ready for IMF deal despite pledged reforms
(DBN)

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China:

China is obsessed with stopping jaywalkers — and is now spraying them with water
(DBN)

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Hong Kong:

Goldilocks pushes for alternative Noble restructuring
(DBN)

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Ukraine:

Epic Fails: How Big Four audit failures let Ukrainian corruption slip by
(DBN)

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