April 24, 2018

The Daily Bankruptcy News

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Law:

New York's Elite Law Firms Still Lead the Pack on Profits, Revenue Am Law 100 News: Elite New York Dominate In Profits And Revenue
(DBN)

Former Fisher & Phillips partner is convicted of felony murder in wife’s death Biglaw Partner Guilty In Wife’s Shooting Death Jurors Convict Atlanta Attorney Tex McIver of Murder, Assault, & Influencing a Witness The Guilty Verdict in Tex McIver Murder Trial Makes Zero Logical Sense
(DBN)

Resolving 'Unfinished Business' From a Defunct Law Firm
(DBN)

Half of London's biggest law firms believe artificial intelligence tech will lead to job cuts
(DBN)

Top 10 female-friendly and family-friendly law firms named
(DBN)

Bad News If You Are Actually Trying To Start A Legal Career
(DBN)

When Leaving Cravath Is The Best Decision For Your Career
(DBN)

Three-partner lateral hire in Los Angeles boosts Hogan Lovells national bankruptcy and restructuring practice Hogan Lovells Hires Trio of Jones Day Bankruptcy Partners Hogan Lovells Snags Restructuring Leader From Jones Day
(DBN)

Police arrest Waffle House shooting suspect Travis Reinking after 34-hour manhunt
(DBN)

Law Professor’s Terrifying Uber Ride
(DBN)

Suspect in custody after van strikes people on Toronto sidewalk
(DBN)

Starbucks is closing all stores nationwide for racial-bias training — yet baristas say the problem runs deeper than many customers realize
(DBN)

In-House: Born, Not Made: Hire Lawyers On Potential, Not Achievement
(DBN)

Why Is Business Development Like Jogging?
(DBN)

Wendi Adelson's Billionaire Boss Says Prosecutors Have Concluded She Had Nothing To Do With Dan Markel's Murder
(DBN)

Sitting at your desk all day is killing you — How to get moving again
(DBN)

Reed Smith launches legal tech summer associate program
(DBN)

Law firm says it’s the victim of ‘spoof’ ad seeking ‘pretty lawyer’ to impress clients
(DBN)

Professor with anti-discrimination expertise appointed dean at Northwestern Law
(DBN)

The Double Life Of Law Schools
(DBN)

Trump and Michael Cohen don't see eye to eye on the biggest issue in his case Trump is Close to Being Right on the Attorney-Client Privilege - But for All the Wrong Reasons Sean Hannity responds to 'ironic' report that detailed his $90 million property empire Fox News host Sean Hannity took out $2.5 million in loans on his Long Island mansion last year Michael Cohen raid rattles Trump allies: Did feds seize president's communications? Michael Cohen Parody Site Is Right On Point Trump's Relationship w/ Cohen Already Gone A former assistant US attorney explains why Michael Cohen is likely to flip — something Trump's allies seem to have conceded
(DBN)

Trump, Roger Stone and Wikileaks say DNC lawsuit is more of an opportunity than a threat Roger Stone To Use DNC Lawsuit Discovery To Probe Servers, Hacking Evidence Even Trump is Afraid of Roger Stone
(DBN)

The Trump v. Comey war of words has hit a stalemate A Higher Priority: The Investigation of James Comey Raises Serious Questions Over His Leaking Of FBI Material
(DBN)

McCabe Resumes Call For Donations As Prosecutors Review Possible Criminal Charges Against Him
(DBN)

SCOTUS' "Fire Mueller" Moment
(DBN)

Mueller Seized Manafort Testimony on Russian Oligarch Deripaska
(DBN)

Trump in Moscow: The Flight Logs Despite denials, flight records show Trump stayed overnight in Moscow in 2013
(DBN)

Trump Isn't That Close to Giuliani
(DBN)

The Koch network is ramping up their push for Congress to fix DACA
(DBN)

President Trump targets migrant 'caravan' in his latest demand for a southern border wall
(DBN)

Warren Buffett on the #MeToo movement: Women ‘make me optimistic about America’
(DBN)

Toronto: Van Drives Into Crowd Killing 9, Inuring 16 Suspect in custody after van driver kills 10 pedestrians, injures 15 in Toronto — but the motive remains elusive Suspect in the deadly Toronto van attack to appear in court What We Know About the Toronto Van Driver
(DBN)

What We Know About Waffle House Gunman
(DBN)

Appeals court rejects copyright protection for monkey’s selfie
(DBN)

Texas lawyer gets 10-year sentence for $26M workers’ comp conspiracy
(DBN)

Wisconsin AG Loses It When Former Biglaw Associate Accused Of R--- Gets An Award
(DBN)

12 Year Old Steals Credit Card, Hits Bali
(DBN)

America's Renegade Sheriffs
(DBN)

Detectives Go to Funeral Home So They Could Use Dead Man’s Finger to Unlock Phone
(DBN)

Secret of David Copperfield’s signature trick revealed in slip-and-fall suit by audience volunteer
(DBN)

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Judges:

Justice of the peace pleads guilty to tampering in connection with faked petition signatures
(DBN)

Race relations White Judge Given Probation While Black Woman Sentenced to Prison for Similar Election Crime
(DBN)

Judge Indicted for Allegedly Breaking into Clerk’s Office to Stamp Document
(DBN)

Video: Florida judge berates woman in wheelchair who dies days later Judge who bullied woman in a wheelchair — stirring outrage — quits, effective now
(DBN)

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Wall Street:

Dow shapes up to break losing streak, but earnings could kill the buzz US stocks set for a positive open as yields ease; fresh earnings loom
(DBN)

Dow posts 4-day losing streak as tech falls, rates rise
(DBN)

The S&P 500 just logged its longest stretch in correction territory in nearly a decade
(DBN)

US stocks could slide 30 to 40 percent on interest rate volatility, wealth advisor predicts
(DBN)

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Layoffs:

Vistra cuts some 300 Houston jobs
(DBN)

170 layoffs planned at two South Jersey firms
(DBN)

Construction robots weld, bolt, lift to beat worker shortage
(DBN)

500 Mylan layoffs
(DBN)

Guitar Center loses $11 million, fires 100+ employees
(DBN)

Bell Helicopter announces 120 layoffs
(DBN)

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Retailing:

Sears CEO Offers to Buy Kenmore, Other Units Sears' top shareholder pitches break-up plan Will selling Kenmore save Sears? Experts say it's a long shot Sears Soars After Lampert Floats Buying Kenmore, Real Estate Lampert gives Sears something to grin and bear Sears CEO Eddie Lampert proposes massive deal to strip the struggling retailer of its biggest assets Sears is spiking after CEO Lampert offers to buy Kenmore brand and other assets Sears CEO offers to buy Kenmore brand Sears CEO Eddie Lampert Pushes It To Sell Off More Crown Jewels 'This is all a sham': Ex-Sears executive says the CEO's new bid to revive Sears will kill off the 125-year-old retailer once and for all Reality Sets In at Lampert's Sears, With Another $1 Billion Due
(DBN)

Hasbro has problems in Europe in addition to Toys ‘R’ Us liquidation woes Hasbro blames Toys 'R' Us for poor first quarter
(DBN)

From Younkers to 'Junkers.' What went wrong for Iowa's storied department store chain
(DBN)

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Healthcare:

Mountain Manor Nursing Home files for bankruptcy
(DBN)

The City With the Most Expensive ACA Insurance in the U.S.
(DBN)

Trump proposal could mean healthy people save on insurance while others get priced out
(DBN)

Democrats, health groups say Trump's new insurance plan could undermine Obamacare and drive up healthcare costs for sick Americans
(DBN)

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Distressed Investing:

Zohar Reaches Deal To End Dismissal, Stay Fights In Ch. 11
(DBN)

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Electricity:

FirstEnergy Announces First Quarter 2018 Financial Results
(DBN)

FirstEnergy Announces Agreement in Principle with Creditors in FirstEnergy Solutions' Chapter 11 Proceedings FirstEnergy Announces Mixed Earnings, Plan for FES Bankruptcy FirstEnergy reaches deal with creditors in subsidiary bankruptcies
(DBN)

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Autos:

Why are tens of thousands of Americans still driving around with explosive devices in their cars?
(DBN)

Elon Musk and the Control of Tesla
(DBN)

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Agriculture:

The Next Threat Stalking American Farmers Is the End of Cheap Money
(DBN)

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Toys:

Hasbro posts big quarter miss, cites Toys R Us bankruptcy and unsold inventory Hasbro Says Worst Damage From Toys ‘R’ Us Collapse Has Passed Black Panther Couldn't Save Hasbro's Spring
(DBN)

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Economy:

Chance of four rate hikes this year now about 50-50
(DBN)

The U.S. will feel real pain when interest rates rise
(DBN)

Don’t worry about a recession. Worry about the Federal Reserve.
(DBN)

Hedge Fund's Gutsy Bet on Fed Hikes Pays Off With 20% Gain
(DBN)

14 states hit record-low unemployment States with Unemployment Rate Above Certain Levels
(DBN)

Chicago Fed "Index points to a moderation in economic growth in March"
(DBN)

The 10-year Treasury yield is inches away from 3%, a level that could cause shock waves in the financial markets 'Bond King' Gundlach says closing above 3% on 10-year yield will spark even higher rates 3% on the US Treasury yield is ‘just a number’ — but the real concern could lie ahead What does the yield on the 10-year Treasury mean to you?
(DBN)

Who’s buying Treasuries? : Domestic vs. foreign ownership of U.S. federal debt
(DBN)

Open jobs, few takers: Good help hardest to find in a decade, hiring survey shows
(DBN)

Gender pay gap? Maybe not in the corner office, a study shows
(DBN)

Here's why the interest rate that affects mortgages and other loans is near 3% and headed higher
(DBN)

More than 40% of tax law’s ‘pass through’ benefit goes to millionaires, Congressional estimate finds Gov't Report Shows Who Gets Most Tax Cuts In ZTE Battle, U.S. Suppliers Are Collateral Damage Some Small Companies Are Calling for Even More Trump Tariffs
(DBN)

After Weeks of Chaos, U.S. Throws Aluminum Industry Lifeline
(DBN)

Deficit Owls Say You Shouldn’t Give a Hoot About $1 Trillion Budget Shortfall
(DBN)

There are signs Trump's trade friction is killing jobs in big manufacturing states Caterpillar earnings: Fears of trade-war impact appear overdone
(DBN)

US is Losing a $600 Billion Trade Case
(DBN)

The IMF Exaggerated for a Good Cause
(DBN)

5 practical ways to fight for equal pay
(DBN)

Ex-Mexican President Vicente Fox: The idea of a border wall is 'stupidity out of the mind of Trump'
(DBN)

G-20 nations slammed for being 'too slow' in tackling tax havens following the Panama Papers
(DBN)

Wall Street’s convinced that President Trump can’t keep a lid on oil prices
(DBN)

During a recession, these workers actually see a jump in salary
(DBN)

Education doesn’t necessarily save people from poverty
(DBN)

Trump administration to crack down on H-1B fraud
(DBN)

Finland Ends Universal Basic Income Trial
(DBN)

Bondholder Bruising Is Global
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

US existing home sales post 2-month growth streak in March, but remain below year-ago levels NAR: "Existing-Home Sales Climb 1.1 Percent in March" A Few Comments on March Existing Home Sales
(DBN)

Housing Inventory Tracking
(DBN)

Phoenix Real Estate in March: Sales up 3%, Inventory down 13% YoY
(DBN)

Millennials are waiting longer than ever to buy homes — here's how many years it takes to save for a down payment in 25 major US cities
(DBN)

Tax bill will slash by half the number of homeowners claiming the mortgage deduction
(DBN)

Trustee in Abraham bankruptcy taking bids
(DBN)

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Municipalities:

Einhorn thinks Puerto Rican debt will cause insurer to sink Assured Guaranty faces short-selling attack by hedge fund Greenlight Greenlight's Einhorn presentation ignites row with Assured Guaranty
(DBN)

Controversial Contractor Was Behind Island-Wide Blackout
(DBN)

Truth in numbers: Puerto Rico officials, advocates clash over accurate stats
(DBN)

Fired Puerto Rico worker contests restructuring stay, wins back job
(DBN)

Greenwich: the rich town on the frontline of US hedge fund fight
(DBN)

Illinois Faces Rising Yields as Politics Cloud Return to Market
(DBN)

Poll: Americans Back Raises for Teachers Krugman: We Don’t Need No Education
(DBN)

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Oil/Gas:

Oil rallies to a 3-year high
(DBN)

Chesapeake Energy's Oil Discoveries In Texas Could Be Worth More Than Their Debt
(DBN)

Trump's revenge: US oil floods European market, hurting OPEC and Russia
(DBN)

Brent oil breaks above $75 on fears Iran sanctions are looming
(DBN)

'Send lawyers, guns and money': What's driving the surge in oil prices
(DBN)

Big Oil Still Unloved by Investors Despite Better Fortunes
(DBN)

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Fraud:

Casper Businessman Sonny Pilcher Probably Loses Bankruptcy Protection
(DBN)

Multimillion-dollar fraud alleged in Auto Masters bankruptcy
(DBN)

Ex-Cantor Bond Trader Is Accused of Lying While Defense Calls Alleged Victims ‘Profiteers’
(DBN)

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Food/Beverage:

Tops seeks up to $1.3 million bonus for CEO in bankruptcy
(DBN)

Goodbye Dairy Queen? Closures, franchisee bankruptcy have Texas towns worried
(DBN)

Zitner Candy files for bankruptcy to restructure debt
(DBN)

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Awards:

IWIRC Announces 2018 Founders Awards Winners
(DBN)

Chambers USA Top Bankruptcy Firms
(DBN)

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Currency:

Former Mt. Gox bitcoin exchange CEO Karpeles lands new job
(DBN)

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Pharma:

Orexigen Therapeutics, Inc. Enters Agreement for Sale of Company Bankrupt and weary, diet pill maker Orexigen to sell for $75M to Nalpropion
(DBN)

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Aviation:

United Airlines CEO's 2017 pay halved; chairman to step down
(DBN)

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Tech:

iPhone Manufacturers’ Slowing Sales Are a Bad Omen for Apple The iPhone Supercycle Is Dead
(DBN)

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Climate:

Exceptional Drought in Parts of Seven States in Southwest
(DBN)

One of the most worrisome predictions about climate change may be coming true
(DBN)

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Bankruptcy Crimes:

UP gasoline vendor sentenced for bankruptcy fraud
(DBN)

Phoenix attorney pleads guilty to hiding ring from creditors
(DBN)

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Banking:

Wells Fargo Pays Some More Fines
(DBN)

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Boating:

Bavaria Yachts files for bankruptcy as investors pull out
(DBN)

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Soccer:

Soccer team back in top tier 6 years after criminal collapse
(DBN)

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Guns:

Remington May Need to Find a New Owner in Fraught Gun Moment
(DBN)

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Solar:

Four Months After Tariff Announcement, Future Looks Dark for SolarWorld and Suniva
(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 (21 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (11 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:

Weekly Bankruptcy Claims Trading Activity
(DBN)

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TBTF:

Larry Summers just obliterated the Fed's bank stress tests with a single sentence
(DBN)

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Standing:

Did a Special Master’s Conduct Contribute to the Eventual Bankruptcy of a Firm?
(DBN)

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Venue:

Bankruptcy Venue Reform: Are The District of Delaware And The Southern District Of New York At Risk?
(DBN)

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Plan Confirmation:

A Potentially Momentous Decision: Second Circuit Explains How to Calculate Chapter 11 Cramdown Interest Rate
(DBN)

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Finance:

Usury Bites—A Refresher on an Easily Overlooked Issue in the Restructuring and Private Equity Arenas
(DBN)

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Personal Bankruptcy:

11th Cir. Holds Debtors’ Counsel Violates BK Code by Advising Debtor to Pay Legal Fees by Credit Card
(DBN)

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Litigation:

An interview from the front lines of legal finance
(DBN)

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Politics:

George H.W. Bush hospitalized and in intensive care
(DBN)

Trump's Re-Elect Figures Similar to Those of Obama, Clinton
(DBN)

Increasingly isolated Mattis just got some more bad news
(DBN)

Bernie Sanders is about to roll out a plan to guarantee every single American a job
(DBN)

Scott Pruitt is dragging everyone into the swamp Pruitt Plan Would Double Auto Emissions White House Stands Behind Pruitt
(DBN)

Support from two key red state Democrats all but assures that Pompeo will become secretary of State Mike Pompeo Barely Avoids an Unprecedented Reproach
(DBN)

Senate lawmakers postpone confirmation hearing for Trump's Veterans Affairs nominee The Comically Unqualified New VA Head
(DBN)

The Shallow State is thriving under Trump
(DBN)

Rahm Emanuel: Impeachment isn't "a political tool"
(DBN)

Inside the Collapse of the Clinton Campaign
(DBN)

Didn't Trump Slam Hillary for Cell Phone Use?
(DBN)

Democrat looks for upset in strong GOP district in Arizona Dems' chances may rest on flipping GOP strongholds in cities
(DBN)

Colorado Supreme Court boots Rep. Lamborn off primary ballot
(DBN)

Milo Yiannopoulos shouted out of NYC bar by crowd chanting 'Nazi scum get out'
(DBN)

FactCheck: Kobach Blames Others
(DBN)

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Pensions:

Court Battle Begins over New Kentucky Pension Change
(DBN)

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Travel:

Americans remain confident in safety of US airlines after Southwest passenger death
(DBN)

A man was Tasered on an American Airlines flight after police say he touched a female passenger inappropriately American Airlines passenger tased 10 times after allegedly groping woman on plane Words Cannot Describe This Alleged Groper Apparently Unfazed by Getting Tased
(DBN)

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Personal Finance:

How to Avoid a Retirement Disaster
(DBN)

Why you shouldn't co-sign your grandkid's student loan
(DBN)

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Hotels:

Judge allows foreclosure in Wyndham Garden bankruptcy case
(DBN)

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UK:

The Impact of Brexit on Debt Restructuring and Insolvency Practice
(DBN)

Man 'strangled daughter after bankruptcy fears' Dad killed his daughter, 7, to ‘spare her the upset of him going bankrupt’
(DBN)

Britain To Leave Customs Union on Brexit Brexit: the potential impact on the UK’s banking industry
(DBN)

UK's Official Receiver Says 59 Employees To Leave As Carillion's Business Transfers To New Suppliers
(DBN)

EU citizens could be the next victims of Theresa May's 'hostile' immigration policy
(DBN)

Queen Elizabeth has a fortune worth over $500 million — here's how much the British royal family is worth
(DBN)

American office sayings British people can't stand — and the ones they use instead
(DBN)

Connaught creditors given little cheer by liquidators
(DBN)

Bust law firm's creditors to benefit from refund of taxes
(DBN)

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PIIGS:

EU probes Italian bridge loan to struggling Alitalia airline
(DBN)

Greece is rushing to sell some of its state assets before a crucial bailout deadline
(DBN)

Greece's Business Prospects Brighten After Lost Decade
(DBN)

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Canada:

Toys “R” US ends Canadian stores auction with Fairfax as the only bidder Lone bid for Toys “R” Us Canada sees retailer cancel store auction Toy mogul scraps bid for Canadian Toys R Us stores, works to sweeten U.S. deal
(DBN)

Sudbury Symphony seeking $52000 bailout from city
(DBN)

Albertans feeling the heat of higher interest rates
(DBN)

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South Korea:

GM Korea avoids bankruptcy vote GM Korea Won’t File For Bankruptcy, But It’s Not Out of the Woods Yet
(DBN)

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India:

Bankruptcy cases: Resolution professionals under attack from bidders, NCLT
(DBN)

Time ripe to consider ‘pre-packs’ under insolvency: NCLT President
(DBN)

Auditors Raise Doubts Over Reliance Naval And Engineering's Future
(DBN)

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Croatia:

Croatian tycoon Ivica Todoric to be extradited in Agrokor fraud case Agrokor Owner Loses U.K. Extradition Fight on Fraud Charges
(DBN)

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Australia:

Using the section 553C set-off to reduce unfair preference claims
(DBN)

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China:

China's HNA Group seeks up to $1.5 bln in new fund
(DBN)

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Hong Kong:

Companies Court Clarifies Circumstances For Dismissing A Winding-up Petition When Faced With An Arbitration Clause
(DBN)

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Russia:

U.S. extends deadline for Rusal sanctions, aluminum prices dive
(DBN)

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Mexico:

Vicente Fox: The American Dream Is Dead—Trump Killed It
(DBN)

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