April 5, 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

Format For Mobile Device



Law:

2018 Could Be the Year of the Mega Law Merger
(DBN)

Judge cites Pillsbury partner’s remarks to newspaper in disqualifying firm from representation
(DBN)

Hogan Lovells Says Female Partners Out-Earn Men In UK
(DBN)

DLA Piper says reports on people leaving for McDermott are 'greatly exaggerated'
(DBN)

Freshfields elects 12 new partners
(DBN)

How Law Firms Can Fight Back Against Fake Websites
(DBN)

Legal Recruiter Q&A
(DBN)

That Big Law Merger You Just Read About? He's Behind It
(DBN)

Focusing on Client Retention May Mean Restructuring the Firm
(DBN)

Goulston & Storrs Bolts on Law Firm Dissolution Specialists
(DBN)

Rent-Stabilized Penthouse in Peril for Cleary Gottlieb Lawyer Manhattan lawyer loses his $25,000-a-month penthouse overlooking Central Park over bizarre rental technicality
(DBN)

NYU Law gets $20M for global legal studies program
(DBN)

Legal Institutions Are Not Prepared For More Student Loan Bankruptcies
(DBN)

American lawyers urged to use 'burner phones' when traveling abroad to protect information from US border inspection
(DBN)

Jury convicts lawyer called ‘p--- in a suit’ without juror who fainted after graphic video
(DBN)

Lawyer who ‘didn’t realize’ he was suspended in 2010 can’t resume practicing law, court says
(DBN)

The ‘Grisly Reality’ Behind Mental Health Issues At Harvard Law School
(DBN)

Data Security And Data Breaches: What’s A Lawyer To Do?
(DBN)

You Gotta Network To Get Work, Baby
(DBN)

When PACER Is The Gift That Keeps On Giving
(DBN)

Sidley Austin Must Defend Claims It Helped Clients Avoid Suit
(DBN)

Antiquated Job Search Techniques That Do Not Work Anymore
(DBN)

Net Income Jumps 9 Percent at Strasburger & Price in 2017
(DBN)

Paul Manafort's Move to Restrain Mueller Meets Skeptical Judge Does It Matter If Trump Is a 'Target' or a 'Subject' of Mueller's Probe? Mueller's team is eyeing whether wealthy Russians illegally funneled money into Trump's campaign and inauguration Mueller’s Russia probe shows it pays to cooperate When will the media accept that Trump is not a criminal target? Fox 'Legal Analyst' Pushes Conspiracy Alleging Rosenstein and Mueller 'Colluded' to Break Law Mueller is putting together a report in the obstruction case that could be as damaging to Trump as an indictment Rosenstein’s Secret Special Counsel Memo Was Written After the Feds Already Raided Manafort’s House The Curious Case of The Andrew McCabe Legal Defense Fund Constitutional Law Expert: Andrew McCabe's GoFundMe 'Based on Dubious Claims' The New Yorker ‘s Jeffrey Toobin Totally Misread Rosenstein’s Memo to Mueller
(DBN)

Stormy Daniels’ Attorney Trolls Trump, Trump’s Lawyer and Trump’s Lawyer’s Lawyer
(DBN)

#MeToo reveals stark differences among Republicans, Democrats on misconduct at work Men are concerned about what #MeToo is doing to men at work Harassment at Work in the Era of #MeToo Six months after Weinstein exposed, #MeToo endures
(DBN)

Tough to sue Trump for his Amazon tweets, says expert
(DBN)

Caravan in Trump's Crosshairs Stalls Far From Border White House asks governors to send National Guard units to border Trump plan to send National Guard to border is in motion but is short on details, such as cost Trump says changes on U.S. border laws are coming soon Mexico formally asks US to clarify Trump's border remarks
(DBN)

Tandem DUI Driving: Two Women In New Jersey Take Turns To See Who Is Less Drunk . . . Leaving Four Wrecked Cars In Their Path
(DBN)

Arizona Mom Allegedly Used Taser to Wake Her Son
(DBN)

______________

Judges:

With The Supreme Court Crippled By Financial Conflicts, I Ask Again, ‘What’s So Difficult About A Blind Trust?’
(DBN)

Mass. Judge Pleads To Keep Job Amid Sex Scandal
(DBN)

______________

Wall Street:

U.S. stocks set up for more gains, as trade fears stay muted
(DBN)

Asia shares fail to bounce with Wall St as trade fears lurk
(DBN)

Dow plummets as much as 500 points after new China tariffs stoke trade war fears Dow erases bulk of 510-point tumble on gains in Apple, IBM, UnitedHealth Dow is attempting to stage its best comeback in 6 weeks as stock market recovers from early rout U.S. stocks tumble then recover as Trump and China double down on trade dispute
(DBN)

Stocks still have a long way to go to wipe out the gains made since Trump's election
(DBN)

Yellen gets a post-Fed payday in private meetings with Wall Street's elite
(DBN)

______________

Autos:

Elon Musk doubles down on his controversial April Fools' joke with an Instagram photo of a Tesla-branded tequila bottle Wounded Tesla stops the Wall Street bleeding
(DBN)

China's tariffs are 'bad news for Tesla'
(DBN)

Car Lab's Noble Says Tesla Should Be Doing 10,000 Units a Month
(DBN)

Buyer Beware: 0% U.S. Auto Financing May Be History
(DBN)

Gateway Buick GMC in Hazelwood files for bankruptcy
(DBN)

______________

Retailing:

What Bidders Are Willing to Pay for Toys ‘R’ Us Stores
(DBN)

Bed Bath & Beyond will exchange Toys R Us gift cards
(DBN)

Mall owners Namdar, Washington Prime in bid to buy Bon-Ton
(DBN)

Trump wants 'level playing field' on Amazon, taxes: Kudlow Trump’s attack on Amazon resembles another president’s salvos Is the Post Office making or losing money delivering Amazon packages? The Postal Service Is in Trouble, but Trump’s Tweets Won’t Fix It Congress, Not Amazon, Messed Up the Post Office
(DBN)

Private equity's retail fix risks landlord revolt
(DBN)

Steinhoff Bows to Pressure Over Bonus Payments After Outrage
(DBN)

______________

Currency:

Bitcoin Price Falls Below $7,000 for the First Time in Nearly 2 Months
(DBN)

Former Mt. Gox CEO does not want his billion dollars I'm Mark Karpelès, ex-CEO of bankrupt MtGox. Ask me anything.
(DBN)

Mt. Gox bitcoin exchange user files fraud suit against owner, Mizuho Bank
(DBN)

______________

Corporate Governance:

Delaware Court of Chancery Finds 22% Stockholder to be Controller Due to Unique Facts
(DBN)

______________

Construction:

NY Wheel's fired contractor asks to extend bankruptcy case
(DBN)

______________

Finance:

Coty Debt Deal Shows Investors Burned by J. Crew Are Now Awake
(DBN)

______________

Student Debt:

Here’s Why Student Loan Debt Is So High – and What It’s Doing to the Economy
(DBN)

______________

Electricity:

FirstEnergy Solutions roundtable discusses lack of restructuring plan, claims resolution process
(DBN)

______________

Mass Torts:

Dismissal on Basis of Judicial Estoppel Overturned by Second Circuit U.S. Court of Appeals for the Second Circuit
(DBN)

______________


Economy:

'Rip-roaring' job market adds another 241,000 in March: ADP/Moody's Manufacturing Industry Has Strongest Jobs Increase in Three Years ISM Non-Manufacturing Index decreased to 58.8% in March
(DBN)

LinkedIn jobs report finds a 19.3% increase in March hiring
(DBN)

March planned job cuts hit highest monthly total in nearly two years: Challenger
(DBN)

JP Morgan's Dimon says market may be underestimating chance that Fed will have to act more quickly
(DBN)

Most U.S. companies still growing rapidly in March, ISM finds
(DBN)

Service sector growth slows for second month in a row
(DBN)

US factory orders increase broadly in February
(DBN)

Household Debt Service Ratio and Financial Obligation Ratios Since 1980
(DBN)

America's debt load is reaching a tipping point
(DBN)

Why Consumer Spending Growth Is Slowing
(DBN)

After China retaliates, Trump claims there's no trade war Trump says the US has already lost its trade war with China China joked about Trump’s tariffs: ‘It is only polite to reciprocate.’ Then it did. China Shows No One Wants a Trade War, Really Why a trade war with China would hurt the U.S. and its allies, too Game of chicken: Trump adopts high-risk strategy in fight with China over unfair trade Top Trump officials are scrambling to downplay the threat of a trade war with China From Rocket Launchers To Soybeans: US, China At The Brink A potential trade war is scary, but the US has a legitimate beef with China Here's what China has going for it in a trade war -- and what it doesn't What a Trade War Really Looks Like Trump pushes back against market fears of trade war Dissecting Trump's Tariff List New wrinkle in Trump’s trade tweets $1.2 Trillion Asset Manager Isn't Worried About U.S.-China Trade Fight Trump risks opening a two-front trade war with China and Mexico just when we need them the most The United States is Starting a Trade War with China. Now What? Here's the full list of US products that China is planning to hit with tariffs Goldman Sachs says here's where to invest during a global trade war Larry Kudlow on tariffs: Blame China, not Trump Wilbur Ross "surprised that Wall Street is surprised" by trade war Larry Kudlow: Trump's tariffs on China may not go into effect Kudlow sees ‘pot of gold’ resulting from U.S.-China trade dispute Trump’s Three Horsemen of the Economic Apocalypse Predict Happy Ending to Trade War Boeing shares drop after China hits back with tariffs on US auto, aerospace industries Tariffs would hurt US consumers and companies, business group warns The Trump-China 'intimidation trade game' is getting ugly — and a trade war could be fast approaching How trade wars end and why Trump’s will be different Steve Bannon defends Trump trade actions: 'To hell with Wall Street' Steve Bannon Wants a Trade War Chipmakers may have the most to lose in a trade war with China U.S. Farmers Say They're Paying For Trump's Aggressive Trade Actions Soybean Tariffs to Sting U.S. Farmers The ABCD of Soybean Tariffs Ohio workers love Trump’s tariffs, and that’s making trouble for the GOP Ford, GM Call for Dialogue on Trade Tensions China Targets Detroit, Hits Tesla and BMW Instead Donald Trump Sinks a Shipping Giant
(DBN)

Wall Street is waking up to the most hostile parts of Trump’s agenda — and the worst is yet to come
(DBN)

It looks like global trade is already slowing down -- even before a potential trade war
(DBN)

Tariffs Unlikely to Bring Back Many U.S. Blue-Collar Jobs, Study Finds
(DBN)

The mill might make steel, but the people don’t: The path from John Henry to Wilbur Ross
(DBN)

China Has the Ultimate Nuclear Option: $1.17 Trillion in US Debt
(DBN)

House GOP wants to set a vote to make individual tax cuts permanent
(DBN)

Trump Softens Key NAFTA Demand on Regional Car Content
(DBN)

Unions Squeeze Companies to Divulge Plans for Tax Windfall
(DBN)

Americans are more protectionist — and nativist — in places where trade has cost people their jobs Deepest Trump country has finally recovered the jobs lost in the recession
(DBN)

White House Turf Battle Threatens to Delay Tax Law Rollout
(DBN)

White men who can’t get jobs say they’re being discriminated against
(DBN)

Louisiana tops the most stressed states
(DBN)

Teachers are now five times more likely to have a side gig than the average full-time worker
(DBN)

U.S. Heavy Truck Sales up Year-over-year in March
(DBN)

Annual Vehicle Sales: On Pace to be Unchanged in 2018
(DBN)

Poll: Majority of millennials are in debt, hitting pause on major life events
(DBN)

How Your Social Class Affects Where You'll Move
(DBN)

Jamie Dimon on making the economy work for more people
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Weekly mortgage demand drops as homebuyers are rattled by the stock market MBA: Mortgage Applications Decrease in Latest Weekly Survey
(DBN)

You need to earn $418,000 to buy a home NYC—here’s what you need in other major US cities
(DBN)

Richmond: Oliver Lawrence responds to bankruptcy complaint; trial date set
(DBN)

The striking similarities between mortgage-backed securities and the 17th century financial system
(DBN)

Portland: Judge rejects bankruptcy filing by 3 housing companies tied to Michael Liberty
(DBN)

____________

Municipalities:

In state of the territory address, Rosselló promised pay increases, full recovery
(DBN)

Flint to be released from state oversight after 6-plus years
(DBN)

______________

Oil/Gas:

Pacific Drilling: Restructuring Update, Fleet Status Report, And Q4 Report
(DBN)

Rex Energy Defaults As Talks With Lenders Continue
(DBN)

Oil falls to two-week low as China retaliates in U.S. trade war
(DBN)

______________

Entertainment:

Weinstein Co. Will Permit Creditors to Attend Proposed Auction
(DBN)

US trustee objects to proposed Weinstein Co. sale terms
(DBN)

‘Project Runway’ Future in Doubt Amid Weinstein Co. Bankruptcy
(DBN)

Harvey Weinstein hires new PR firm
(DBN)

______________

Newspapers:

Judge orders Northrim to turn over Rogoff's loan documents to trustee
(DBN)

The Perfect Watchdog For The Trump Era Is A Journalist In West Virginia
(DBN)

______________

Music:

Tupac Estate Can't Take Over Albums, Record Label Says
(DBN)

______________

Celebs:

Ex-NFL star Clinton Portis to repay casino $190K in debt
(DBN)

Dance Moms' Abby Lee Miller Is 'Adjusting Well' to Life After 8 Months in Prison: Source
(DBN)

______________

Banking:

A decade on, crisis-era litigation still bedevils banks
(DBN)

______________

Distressed Investing:

This Fund Tries To Profit From Carnage
(DBN)

Lynn Tilton faces showdown over control of Zohar bankruptcy
(DBN)

Junk Bond Investors Are Becoming More Picky, Says BlackRock’s Rick Rieder
(DBN)

______________

Corporate Reform:

Mulvaney Lays Out Plan to Kill the CFPB Mulvaney Recommends Structural Changes to CFPB
(DBN)

______________

 


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 (10 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (38 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:

 

______________

Safe Harbors:

Safe Harbor After 'Merit Management'
(DBN)

______________

Lender Liability:

Limiting Liability of Lenders: The Lyondell Case
(DBN)

______________

Involuntary Bankruptcy:

The Consequences Of A Relic’s Codification: The Dubious Case For Bad Faith Dismissals Of Involuntary Bankruptcy Petitions
(DBN)

______________

Avoidance Actions:

Resale Profit Participation: Beware – Payments May Be Avoidable as Preferences
(DBN)

______________

 

Politics:

Trump Slams ‘Stupid’ Businesses
(DBN)

White House: Fight against ISIS in Syria coming to "rapid end"
(DBN)

Trump is president, Congress is a mess – and more women are running for office
(DBN)

GOP Warns Trump a Trade War Will Cost the Party in November Chinese tariff retaliation could help Democratic candidates
(DBN)

Florida appeals federal court order on voting rights for ex-felons
(DBN)

China Tariffs Could Wreck Republicans in November
(DBN)

US to Sanction Russian Oligarchs This Week
(DBN)

Scott Pruitt and Allies Try to Save His Job EPA Ethics Officer: I Didn't Have the Facts Ex-GOP EPA Heads Slam Scott Pruitt Leaked memo: Pruitt taking control of Clean Water Act determinations The latest on Scott Pruitt's dangerous days
(DBN)

______________

Corporate Reform:

Why Elizabeth Warren’s effort to hold bank executives accountable may fall short
(DBN)

______________

Healthcare:

Buffalo: CCS Oncology will shrink to 8 doctors, bankruptcy documents say Catholic Health hotline filling void for concerned CCS patients
(DBN)

Bankruptcy could literally be killing you: study
(DBN)

Why Americans are avoiding the doctor
(DBN)

The stark disparities in how infectious diseases kill Americans
(DBN)

Rural health care is expensive, and Washington isn't helping
(DBN)

______________

Tech:

Facebook: Data on 87 million people shared with Cambridge Analytica Facebook: 'We believe most people on Facebook could have had their public profile scraped'
(DBN)

______________

Personal Finance:

Even most multimillionaires can’t afford to own a private jet
(DBN)

______________

Biofuels:

Philadelphia Energy Solutions gets court nod over RINs burden relief
(DBN)

Court Approval of PES Bankruptcy Settlement Sets Bad Precedent Says RFA
(DBN)

Farmers Hit Hard As Trump Backs Big Oil
(DBN)

______________

Maritime:

SolstadFarstad unit delays payments to creditors
(DBN)

______________

Agriculture:

Fear of 'disastrous situation' in farm economy as China targets huge US soybean business
(DBN)

______________

 

UK:

Linklaters and Deloitte pass blame over Arsenal sale
(DBN)

Barclay's Rating Cut by Moody's to Lowest Investment Grade
(DBN)

The three legal paths to stop Brexit are blocked
(DBN)

______________

EU:

EU bank watchdog says lenders might face capital gaps after Brexit
(DBN)

______________

Canada:

Canadian lawyers review pricing
(DBN)

______________

China:

Chinese Official Given Death Sentence For Taking $166M In Bribes
(DBN)

China $134 Billion Maturity Wave May Trigger More Defaults
(DBN)

______________

India:

Uncertainty continues on Binani Cement's insolvency UltraTech's last-minute $1.1 billion bid
(DBN)

India state-run bank shares rally after RBI eases bankruptcy provision needs
(DBN)

Changes to insolvency law to be prospective
(DBN)

RCom says Supreme Court lifts ban on assets sale
(DBN)

Banks Seek Wind Up of India Firms Owing $5.8 Billion
(DBN)

IBBI chief puts India Inc’s directors on notice
(DBN)

Banks stare at $38 billion new bad loans from power sector
(DBN)

Rules Keeping Out Bankers May Slow Indian Bond Sales Further
(DBN)

______________

Hong Kong:

SGX asks Noble Group creditors to ensure fairness in restructuring
(DBN)

______________

South Korea:

South Korea declares industrial crisis in city where GM factory is closing
(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 $65/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 phone or text us at 281-402-3957. You can email us 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