April 25, 2018

The Daily Bankruptcy News

View prior editions: Click Here
View prior case summaries: Click Here
Search prior headlines: Click Here
Search prior case summaries: Click Here

3-Column Formating

 

Law:

Partner percentages continue to decline in BigLaw; is in-house lure part of the reason?
(DBN)

Airline Bankruptcy Lands Lawyer CEO in Contempt
(DBN)

Volatility Is Now a Fact of Life for America's Biggest Firms
(DBN)

With Help From New Law, This Legal Department is Firing its Outside Counsel
(DBN)

Notice of Appearance: Joshua Sussberg, Partner at Kirkland & Ellis LLP
(DBN)

Despite Anxiety-Inducing Trends, Am Law 100 Rose to the Challenge in 2017 The 2018 Am Law 100 The 2018 Am Law 100 Ranked by: Gross Revenue The 2018 Am Law 100 Ranked by: Revenue Per Lawyer The 2018 Am Law 100 Ranked by: Profits Per Equity Partner Am Law 100 Released — A Lot Of Firms Made A Lot Of Money Top 100 US law firms post biggest gains since 2010
(DBN)

Big Law Reports Revenue Growth in 2017
(DBN)

Philly Law Firm Pursues ID Of Negative Glassdoor Poster
(DBN)

Firms Careful About Geographic Expansion, but Pioneers Claim Success
(DBN)

In a World of Tools and Technology, Story Remains the Great Equalizer in Law Firm Marketing
(DBN)

Gavin Takes Over Presidency of The American Bankruptcy Institute
(DBN)

UK firms face an ever-tougher task to hold on to top talent
(DBN)

Latham & Watkins discuss scheme of arrangement cases
(DBN)

Corporations Want Law Firms to Step Up Their Cybersecurity Game
(DBN)

Name Partners At Wachtell, Lipton, Rosen & Katz Have A Lot In Common
(DBN)

Here’s the lowdown on time-tracking software for lawyers
(DBN)

Only Harvard Law Would Still Care About Something Like This
(DBN)

Visualizing Law School Employment Outcomes In California, DC-Maryland-Virginia, Illinois, New York, And Ohio
(DBN)

The Absolute Worst In-House Job Right Now
(DBN)

The Practical Applications Of Duct Tape For In-House Counsel
(DBN)

T14 Law School’s Law Review Appoints Its First Black Male Editor-In-Chief In History
(DBN)

Amid Mueller Probe, Gregory Craig Retires From Skadden Greg Craig, former White House counsel and lead lawyer on Ukraine report, leaves Skadden Amid Mueller Probe, Prominent Skadden Counsel Disappears From Website D.C. Power Lawyer Greg Craig Leaves Skadden, Exit Unexplained
(DBN)

A reporter asked Trump if he would pardon Michael Cohen. Trump said 'Stupid question' So… Is Donald Trump Going To Pardon Michael Cohen Or What? Jeff Sessions isn't making a move in the Michael Cohen case that has poisoned his relationship with Trump — and it could be huge for the president Sessions Not Recusing Self From Cohen Probe Overseeing Mueller, Cohen Probes Makes Rosenstein a Big Target Mueller Discloses That Manafort Raid Sought Info on Don Jr.’s Trump Tower Meeting with Russian Lawyer
(DBN)

Hannity's Real Estate Linked to Fraudster
(DBN)

US senators push banks to disclose ties with wealthy Russians allied with Putin Reuters
(DBN)

Comey Has Brought On Former U.S. Attorney Pat Fitzgerald As One Of His Lawyers James Comey Appears to Be Lawyering Up in a Major Way What the law says about James Comey’s leaked memos
(DBN)

The Toronto van attack suspect warned of an 'incel rebellion' on Facebook hours before the attack — here's what that means Toronto van attack suspect was student, ex-military recruit Why Canadian Police Don't Shoot People
(DBN)

Statements by Oregon State Bar and specialty groups draw fire
(DBN)

NY Jury Quickly Finds Attorney Guilty Of Gifts-For-Guns Bribes
(DBN)

Trump’s ‘media-bashing’ style worsens US standing in world press freedom index — again James Comey’s Memos Reveal the Reasons Donald Trump Wants to Find Leakers and Put Reporters in Jail
(DBN)

Suspect has been arrested in the shooting of two Dallas police officers: Police
(DBN)

Another Judge Rules Against Trump on DACA
(DBN)

SCOTUS Takes Up Travel Ban Today
(DBN)

Kate Hudson urges action ‘now’ and calls for legal steps to follow the Time's Up movement
(DBN)

Bill Cosby's lawyers attack accusers and 'silly evidence' in closing arguments As Cosby Case Closes, 'Who Are You Going to Believe?' Cosby Case is With the Jurors
(DBN)

______________

Judges:

Career Bankruptcy Law Clerk Vacancy Announcement
(DBN)

BK SD CA Seeks Case Administrator
(DBN)

She Voted Illegally and Got Five Years. Judge Rigged Election and Got Probation
(DBN)

The Trump show goes to the Supreme Court
(DBN)

John Ninfo: Have a sound plan for wage increase
(DBN)

______________

Wall Street:

Stocks are set to extend Tuesday's sell-off as rising bond yields rattle investors
(DBN)

Stocks tumble after the 10-year hits its highest level since 2014 Stocks take a beating, Dow loses 425 points Caterpillar, Amazon were among the many big stocks reversing suddenly lower in dramatic fashion More than $85 billion in value wiped from the popular 'FANG' tech stocks
(DBN)

Here’s the threat to the stock market from rising bond yields
(DBN)

Goldman and these other Dow stocks could be the big winners after interest rates top key milestone
(DBN)

Americans just made a major about-face on the stock market for the first time since Trump's election
(DBN)

Why the market is blowing off what has been a really good earnings season
(DBN)

______________

Layoffs:

A study finds nearly half of jobs are vulnerable to automation
(DBN)

______________

Politics:

The key problem with Trump's VA nominee Trump's VA secretary pick reportedly faces claims of overprescribing meds and drinking on the job Trump Hints His Nominee for Veterans Affairs Secretary May Need to Withdraw Trump's VA nomination in trouble as allegations of misconduct emerge Watchdog report: Trump's embattled VA pick ran unit that made employees feel 'caught between parents going through a bitter divorce' VA nominee drunkenly banged on female employee's door during overseas trip, sources say Report suggested removal of Ronny Jackson from White House role Ronny Jackson's VA nomination is collapsing Trump Throws Ronny Jackson Under the Bus
(DBN)

Trump: North Korea wants meeting 'as soon as possible'
(DBN)

Republican Debbie Lesko is the projected winner in Arizona's House special election Democrats’ Winning Streak Ends in Arizona Trump's election nightmare After a narrow win in deep red Arizona, Republicans fret for 2018 midterms
(DBN)

It's still early, but long-distance donors are already flooding tight House races with cash
(DBN)

Embattled EPA chief Scott Pruitt faces public grilling this week as GOP support erodes Pruitt to Restrict EPA's Use of Science America’s Top Scientists Reprimand Donald Trump (Again)
(DBN)

Community Leaders In Brooklyn Warn Of Increased Bias Attacks Against Jews
(DBN)

Warren Challenger Sues to Keep 'Fake Indian' Signs Up
(DBN)

Trump Blasts Iran Deal as Insane The Iran Regime-Change Crew Is Back Iran Warns Trump It Might Withdraw from Nuke Deal Macron's Pitch for New Iran Deal Surprises Allies Trump talks tough on Iran, pushes for more expansive deal
(DBN)

Trump wipes dandruff off Macron
(DBN)

______________

Student Debt:

Student loan debt affecting American workforce
(DBN)

______________

Economy:

10-year Treasury yield tops 3% for first time since 2014, a key interest rate milestone that should ripple through the financial markets The 10-year yield passes 3 percent, but one trader sees it rising to near 4 percent The 10-year Treasury yield has hit the 3% level — here’s what that means U.S. 10-year yield blasts further past 3%, flirts with highest since 2011
(DBN)

Jamie Dimon: 'The benefits of economic growth have been unevenly shared'
(DBN)

Millennials Blame Boomers for Their Lives
(DBN)

Consumer confidence rebounds in April after declining in March
(DBN)

Caterpillar shares sink 4% as post-earnings surge evaporates Executives say first-quarter earnings represent 'high watermark' for the year
(DBN)

U.S. and China ratchet down rhetoric in trade disputes Trump: Good Chance of a Trade Deal w/ China This rural Wisconsin county is famous in China. A trade war could take it all away
(DBN)

The Top Jobs Where Women Are Outnumbered by Men Named John
(DBN)

A new report shows that one of the biggest breaks in Trump's tax law will go to the richest Americans
(DBN)

Indicators that signal financial-market trouble are flashing
(DBN)

Equal Pay: Where Do We Stand Now?
(DBN)

The US tax system may be more progressive than some think
(DBN)

Half at risk of retiring broke
(DBN)

GOP Food Stamp Plan May Fall Short
(DBN)

These are the fastest-growing jobs in every state
(DBN)

The best jobs to have when the economy tanks
(DBN)

U.S. Demographics: Largest 5-year cohorts, and Ten most Common Ages in 2017
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Home prices surge in February – even as mortgage rates rise FHFA: Home prices still on the rise
(DBN)

Mortgage Applications Decrease Slightly in Latest Weekly Survey
(DBN)

"Mortgage Rates Push Farther Into 4-Year Highs"
(DBN)

Homebuyers are stretching their budgets and mortgage limits to win bidding wars
(DBN)

WeWork documents reveal it owes $18 billion in rent and is burning through cash as it seeks more funding
(DBN)

Kushners' Loan for Troubled N.J. Site Backed by Web Lender
(DBN)

____________

Municipalities:

Rating agencies warn, Illinois flirts with junk
(DBN)

Just as Atlantic City Stems Bleeding, Competition Comes Calling Rolling the dice on Atlantic City
(DBN)

U.S. States Remain Debt Averse Despite Low Rates
(DBN)

Hedge fund manager bets that Puerto Rico will drag insurer under
(DBN)

Puerto Rico fiscal plan cuts one-third of government to save economy
(DBN)

Puerto Rico looks to privatize its prison system
(DBN)

Unions sue board, claim it's unconstitutional
(DBN)

______________

Oil/Gas:

Goldman: Oil Demand Will Continue To Soar
(DBN)

Electric Buses Are Hurting the Oil Industry
(DBN)

Frackers Preach Patience on Payoff From $70 Oil, Growth in Shale
(DBN)

______________

Tech:

Apple loses $64 billion in stock value as Wall Street is in 'full panic mode' on iPhone demand
(DBN)

Apple will start paying $16 billion in back taxes to Ireland
(DBN)

______________

Food/Beverage:

Zitner Candy filed for bankruptcy protection in a bid to restructure what the company's bankruptcy attorney called "a real big overhang of secured debt"
(DBN)

Tops seeks court permission to close underperforming stores
(DBN)

Judge: Unsecured creditors not entitled to payments from Gordy's Market
(DBN)

______________

Entertainment:

Weinstein Co. executives cashed in ahead of bankruptcy filing, records show As Weinstein Scandal Brewed, Studio Executives Cashed In
(DBN)

Latest Bankruptcy Filings Reveal Extent Of Weinstein Co. Woes
(DBN)

______________

Musical Instruments:

Near-Bankrupt Gibson Guitar Faces a $50 Million Lawsuit
(DBN)

______________

Fraud:

Proskauer Rose Must Go to Trial on Stanford Receiver’s Claims
(DBN)

Gary Frank made $168K in gifts in 90 days before bankruptcy
(DBN)

Bankrupt Kerrville company accuses ex-president of fraud
(DBN)

______________

Celebs:

8 celebrities who still live on a budget
(DBN)

How I Ditched Debt: An Olympian's Medal-Worthy Juggling Act
(DBN)

______________

Currency:

Bitcoin jumps 7% amid massive market sell-off
(DBN)

______________

Personal Finance:

Why More Young Married Couples Are Keeping Separate Bank Accounts
(DBN)

This 30-year-old woman lost her home after spending $18,000 on weddings and bachelorette parties
(DBN)

______________

Amusement Parks:

Seven Peaks Water Park owner files for bankruptcy
(DBN)

______________

Bankruptcy Crimes:

McHenry man accused of concealing assets in bankruptcy case faces federal charges
(DBN)

David Vernier sentenced to prison for bankruptcy fraud
(DBN)

______________

Agriculture:

PACA Claims: Watch Out or the Tail Will Wag the Dog
(DBN)

______________

New Bankruptcy Opinions
(8 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 (5 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)

______________

Bankruptcy Statistics:

BK NV: Filing Statistics
(DBN)

Equifax Rolls Out New Service That Predicts If A Business Will Incur Delinquencies
(DBN)

______________

Safe Harbors:

Bankruptcy Code’s Safe Harbor Defense Eliminated by Supreme Court; Variant Defense May Survive
(DBN)

______________

Bad Faith:

Franchisor Bankruptcy Case Dismissed as a Bad Faith Filing
(DBN)

______________

Avoidance Actions:

Even the winners lose in a Ponzi scheme: payments made to investors in a Ponzi scheme clawed back as fraudulent conveyances
(DBN)

First Circuit Rejects Fraudulent Transfer Attack on Lender’s Transfer of Asset Sales Proceeds
(DBN)

______________

Insiders:

Supreme Court Clarifies Standard of Appellate Review of Creditor’s Insider Status
(DBN)

______________

Mediation:

ADR Act of 1998: Defiance in Chicago’s Bankruptcy Court?
(DBN)

______________

Autos:

Armed guards called in as Freeland seeks to take over car lots
(DBN)

Tesla Is Not Too Big To Fail
(DBN)

______________

Electricity:

FirstEnergy settlement with bondholders of bankrupt subsidiary hinges on asset sale
(DBN)

FirstEnergy is shielded from generating unit's bankruptcy
(DBN)

______________

Healthcare:

Hospitals primed for $4 billion Medicare pay raise
(DBN)

Kate Middleton’s ‘luxury’ birth cost less than the average U.S. birth
(DBN)

______________

Retailing:

Toys 'R' Us sets up $156 million fund for trade claims
(DBN)

Toys R Us Bankruptcy Hits Hasbro’s Sales
(DBN)

Toys R Us will live on in Canada, but so far, not in the US
(DBN)

Sears' head of real estate is stepping down
(DBN)

Amazon begins delivery to vehicles
(DBN)

Steinhoff ex-CEO Markus Jooste set to cash in after making deal with banks
(DBN)

Charming Charlie Bankruptcy Plan Effective
(DBN)

______________

Corporate Reform:

Mulvaney’s Advice to Bankers: Up Campaign Donations to Diminish Consumer Watchdog The full context behind Mulvaney's lobbyist quote
(DBN)

Mulvaney Changes Name of Consumer Financial Protection Bureau
(DBN)

______________

Pharma:

Orexigen agrees to sale, but is open to more offers
(DBN)

______________

Biofuels:

Trump Faces Pressure to Choose Sides in Fight Between Corn Growers and Oil Refiners
(DBN)

______________

UK:

UK government borrowing hits its lowest level in more than a decade
(DBN)

Quarter of UK undergraduates believe they will be declared bankrupt by 30
(DBN)

David Davis says the UK could delay Brexit to avoid crashing out with no deal Britain will be forced to pay its £39 billion Brexit divorce bill even if it leaves the EU without a deal
(DBN)

Electrical retailer Maplin owed creditors £150m when it collapsed
(DBN)

Close Brothers and other creditors to lose out following collapse of Ignition Select
(DBN)

______________

India:

Bankruptcies are booming in India, but there is a shortage of judges Bankruptcy cases boom in India, but just 26 judges to hear them
(DBN)

Bankruptcy code: Govt to bring in ordinance with major changes soon
(DBN)

Cabinet May Amend Insolvency Code to Help Home Buyers
(DBN)

Indian States' Ballooning Debt Bad News for Battered Bond Market
(DBN)

______________

South Korea:

GM, South Korea in talks to raise investment plan from US$2.8b: source GM Korea averts bankruptcy but how long will it stay?
(DBN)

______________

Mexico:

Battle Over Oil Driller Tests Mexico's Pledge to Level Playing Field for Energy Firms
(DBN)

______________

MENA:

Bahrain committee approves draft bankruptcy law
(DBN)

______________

Venezuela:

PDVSA bond holders get organized ahead of $107 million payment due Friday
(DBN)

______________

Australia:

Federal Court confirms its stance on setting off unfair preferences
(DBN)

______________

China:

$7 Trillion Debt Looms Over Chinese Households
(DBN)

______________


The Daily Bankruptcy News is primarily a curated news link gathering service.   Most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subscription fee is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use. If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid service subscription. These links are currently marked with a "DBN" notation. The cost of a subscription is $64/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links.

New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase.

Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested. There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear. You do not need to type anything in the body of the email message. Note that the email asking for removal must be sent from the same email address which is on our distribution list. If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

If receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list.

Press Releases/News Tips
Please send press releases and news tips to admin@bkinformation.com

Contact Us
The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C. You can reach us at 281-402-3957 or at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries). Our mailing address is 935 Eldridge Road, No. 350, Sugar Land, Texas 77478.

Copyright 2018