April 6, 2018

The Daily Bankruptcy News

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Law:

All The Cool (And Smart) Kids Are Staying Away From Law School
(DBN)

Skadden Tops M&A Rankings for Q1 2018
(DBN)

Law firm mergers look set to catapult in 2018
(DBN)

BigLaw’s High Costs Drive Cos. Toward Boutique Law Firms
(DBN)

Greenberg Traurig Adds Veteran Bankruptcy Attorney J. Gregory Milmoe
(DBN)

Carrot & Stick Used to Motivate Retirement-Age Partners to Hand Off Clients
(DBN)

Pace Law Dean David Yassky Steps Down Amid Faculty Discontent
(DBN)

What In The Wachtell Is Going On? Elite Firm Makes A Splashy Lateral Hire
(DBN)

The GRE Is Taking Over Yet Another State’s Law Schools Why Are Law Schools Accepting The GRE?
(DBN)

To Innovate In Law, We Need Analysis, Not Hype
(DBN)

Clifford Chance aims to break away from 'terribly unpredictable' pricing with new AI tool
(DBN)

Wisconsin Become First State to Mandate Disclosure of Litigation Funding Arrangements
(DBN)

How Making a Murderer is teaching US law students
(DBN)

The Curious Conflict-Check Maze
(DBN)

5 Reasons Not To Work From Home And Stay At Biglaw
(DBN)

Hackers expose firm's ransomed data
(DBN)

Some (Informed?) Musings on the ABA’s Process for Reaccreditation of American Law Schools
(DBN)

Founder Builds Biglaw Empire… By Leaving The Firm
(DBN)

How to impress someone when you only have a minute of their time
(DBN)

BlackRock is stripping Walmart, Dick’s from some of its funds over guns
(DBN)

The 'Harvey Weinstein' Problem Need Not Be a Death Sentence for Companies
(DBN)

Associate marched off premises after partner tried to snog her
(DBN)

DLA Piper Ditches Partner After #MeToo Claim
(DBN)

O'Reilly's Accusers: Settlement was Unethical
(DBN)

Manafort Approved Ukraine Black Ops Paul Manafort Trying to Stop Robert Mueller from Indicting Him So Much Judge Bashes Manafort's Mueller Lawsuit Mueller obtained a new search warrant against Manafort last month, and it could signal a huge shift in the Russia investigation Trump’s greatest danger: Talking to Mueller Mueller Reveals Search in Manafort Case, Suggesting Fresh Trail No One Seems to Know What Will Happen with Mueller’s Trump Report, Regardless of Its Conclusion A Guide to Trump’s Fractured and Increasingly Sparse Legal Team
(DBN)

Troops await orders for Trump border security deployment Oregon governor tells Trump she'll refuse to send National Guard troops to the Mexican border The Nonexistent Border Crisis Trump's New Solution to Every Problem
(DBN)

Trump says he didn’t know about lawyer’s payment to Stormy Daniels Stormy’s Lawyer: Trump Comments Are ‘A Gift From The Heavens President Trump Breaks Silence on Stormy Daniels Payment: 'Ask Michael Cohen' Stormy Daniels' Lawyer Wonders Why Trump Ignored Cohen Fund Question 'Call Your Lawyer': Trump's Stormy Comments May Mean Cohen Broke Campaign Finance Laws, Says Attorney
(DBN)

Suit blames broker’s suicide on forced retirement that worsened his depression
(DBN)

Pennsylvania DA is charged with protecting drug dealers, trading favorable treatment for s--
(DBN)

Paralegal injured playing softball for law firm team isn’t entitled to workers’ comp, court rules
(DBN)

Police Shootings Are Also Gun Violence
(DBN)

Attorneys Get $112.5M as NFL Players Await Concussion Payouts
(DBN)

Phony lawyer back in federal custody in part over allegations that he’s still offering legal advice
(DBN)

Conor McGregor charged with three counts of assault for bizarre attack on UFC press event in NYC
(DBN)

Remorseful robber turns himself in 90 minutes after heist
(DBN)

Bank Robber Gave Teller Note Demanding Money, But It Had His Address On It
(DBN)

The Greatest (Legal) Story Ever Told
(DBN)

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Judges:

For defenders and judges, comfort dogs in court do opposite
(DBN)

When You’re Getting Reamed For Saying It’s OK To Compare Gay People To Murderers, Doubling Down On Calling Justice Sotomayor ‘Thuggish’ Ought To Fix Things
(DBN)

Justice Ruth Bader Ginsburg: A Dedicated Crusader For Women’s Equality
(DBN)

Judge Judy's $47 Million Salary Isn't Too Much, Rules Real Judge
(DBN)

Why Mitch McConnell is bragging about holding up Merrick Garland from the Supreme Court, two years later
(DBN)

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Wall Street:

Dow faces nearly 200-point drop as Trump ups the ante in trade hostilities
(DBN)

European markets tip lower as trade worries resurface to rattle investors
(DBN)

Stocks Close Higher as Trade Worries Ebb
(DBN)

Global markets are bouncing back as concern over Trump's trade war eases
(DBN)

Why the jobs report will decide the markets' tempo in the coming weeks
(DBN)

Market volatility is reminiscent of the 1987 crash: Veteran trader Art Cashin
(DBN)

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Layoffs:

Here are all the store closures we know are coming in 2018
(DBN)

Downsizing? Ensure Compliance With the WARN Act and State Equivalents
(DBN)

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Hedge Funds:

Investors are reportedly pulling out of Bill Ackman's hedge fund at a 'rapid pace' How Bill Ackman's hedge fund empire crumbled in less than three years
(DBN)

Canadian Insurer Can’t Sue Defunct Connecticut Hedge Fund In New Jersey After All
(DBN)

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Healthcare:

Bankruptcy Judge Rules Against Cantrell Drug Druggist loses bid to delay lawsuit
(DBN)

A Crack in the Armor: Fifth Circuit Court of Appeals Gives Green Light to Enjoining Medicare Recoupments Pending Provider’s Long-Delayed Administrative Appeal
(DBN)

Disability services provider Helena Industries to close, plans bankruptcy
(DBN)

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Politics:

With Hope Hicks out, the guy who runs Trump’s social media is the one who’s been around the longest — he started as Trump’s caddie
(DBN)

White House reportedly upset about embattled EPA chief Scott Pruitt's combative Fox News interview
(DBN)

Senate watch: Tennessee Democrat jumps ahead of Blackburn
(DBN)

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Autos:

With Tesla in a Danger Zone, Can Model 3 Carry It to Safety?
(DBN)

Tesla Bankruptcy Not So Far Fetched, Says Analyst Tesla Heading for a Cash Crunch Tesla's stock slumps 2.6% premarket, after running up 21.1% over the past three sessions
(DBN)

Tesla: The Biggest Loser In The Trade War
(DBN)

Tesla's Autopilot Has a Real Problem
(DBN)

Judge dismisses McAuliffe from suit over failed car company
(DBN)

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Corporate Governance:

Applying The Business Judgment Rule To Director Pay Claims
(DBN)

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Education:

Why Colleges Need Major Creative Destruction
(DBN)

New Jersey Moves Toward Free Community College
(DBN)

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Bankruptcy Crimes:

Boulder spinal surgeon set for May trial on bankruptcy fraud
(DBN)

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Rental Equipment:

Merging With PRG, VER Will Reorganize Under Chapter 11 Bankruptcy Summary: VER Technologies Holdco LLC First Day Dec
(DBN)

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Economy:

America’s job-search paradox: The people who really need jobs get the worst offers
(DBN)

Fed’s Powell expected to dismiss hot-economy talk from Jamie Dimon and Janet Yellen
(DBN)

Guggenheim investment chief sees recession, 40% plunge in stocks ahead
(DBN)

Top 20% of Americans Will Pay 87% of Income Tax
(DBN)

Weekly Initial Unemployment Claims increase to 242,000
(DBN)

Goldman: March Payrolls Preview March Employment Preview
(DBN)

Older people increasingly loaded down with personal debt
(DBN)

U.S. job gains in March probably will suffer from weather-related hangover
(DBN)

Larry Kudlow comes to the markets' rescue as top Trump officials downplay a trade war Jamie Dimon believes Trump has 'legitimate complaints' over trade Chinese state media claims victory in trade dispute so far, saying Beijing's tariffs will hurt Trump voters China's $1.2 trillion weapon that could be used in a trade war with the US Here's how we'll know when it's an actual trade war Trump’s being cunning — not dumb — over China, says trade expert China's State Media Warns of Pain for Trump in Trade Battle Germany could be the surprise victim of Trump's trade war Trump is right about trade and Germany needs to act, former state secretary says These sectors and stocks could suffer the most collateral damage from China trade war Trump wants to protect farmers from Chinese retaliation. That may create a bigger problem A Trade War with China May be Inevitable Trump raises the specter of trade war with China, floats the possibility of $100 billion in additional tariffs Trump proposes $100 billion in additional tariffs on Chinese products Hope for an US-China trade agreement just got 'thrown under the bus,' says a Wall Street veteran Timing of Trump's latest tariff threat against China is 'unfortunate': Former US deputy trade rep Trump's latest tariff threat is a 'ridiculous' attempt at intimidation: Chinese state media Trump rachets up trade-war fears with new tariff move Republican senator on Trump’s latest tariff threat: ‘This is nuts’ Trade war 'is the greatest threat to the world economy,' JP Morgan's Frenkel says Read Trump’s statement requesting $100 billion in additional levies
(DBN)

Trudeau sees high chance of NAFTA deal with US, Mexico NAFTA Trio Meets Amid Growing Optimism for Deal
(DBN)

Mexico's President Slams Trump
(DBN)

The same 2 words keep coming up in Jamie Dimon's annual letter Jamie Dimon gave a big shout-out to President Trump in his annual letter
(DBN)

Here's exactly how much paychecks changed after tax reform for people at every income level from $20,000 to $269,000 a year
(DBN)

The Trump tax cuts are being eroded — and the president isn’t helping any
(DBN)

This red-hot economy shows what happens when there are more jobs than workers
(DBN)

Bill Gates says he now lumps the the world into 4 income groups — here’s how it breaks down
(DBN)

Trump budget director Mulvaney: 'MAGAnomics' is working and defying critics
(DBN)

How much Americans pay in taxes in every US state
(DBN)

US trade deficit rises to near nine-and-a-half-year high in February Trade Deficit at $57.6 Billion in February
(DBN)

Why Americans in every state can’t save more money
(DBN)

Trump Is Scaring Away Some But Not All Visitors
(DBN)

CEO-to-Worker Pay Reports Show Wildly Divergent Ratios
(DBN)

Heavy Duty Truck Orders at 12 Year High
(DBN)

Student loans, home prices to blame for millennials’ low consumer confidence
(DBN)

What Consumers Can Expect From Rising Interest Rates
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Mortgage rates head even lower, offering home buyers a breather
(DBN)

Homebuying market so brutal, some homebuyers make offer sight unseen
(DBN)

America’s new great migration in search of lower property taxes
(DBN)

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Municipalities:

Law students help to mend Puerto Rico Natalie Trigo Reyes ’19 wants to help vulnerable communities—starting at home in Puerto Rico
(DBN)

PR Gov. Rossello to Present Rogue Fiscal Plan
(DBN)

Puerto Rico board could push reforms through budget cuts -US aide
(DBN)

Connecticut and Hartford Get $2 Billion Offer for Properties $2B Proposal for Immediate Sale-Leaseback of Connecticut and Hartford Owned Properties to Balance the Budget and Bailout Hartford
(DBN)

The Problems in Michigan Go Well Beyond Flint
(DBN)

OK: Teachers Plan 110 Mile March on Capitol
(DBN)

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Oil/Gas:

Judge denies Uresti, Cain's requests for new criminal trial
(DBN)

Saudis Privately Worried About Oil's Future
(DBN)

Solar Electric Power Eclipsed Fossil Fuels in '17
(DBN)

Rex Energy Defaults on IOUs, Can’t File Annual Report on Time
(DBN)

Oil drops after US President Trump threatens new China trade tariffs
(DBN)

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Retailing:

Nine West nears bankruptcy with plan to sell footwear brand: sources Nine West to file for bankruptcy , sell intellectual property: Report
(DBN)

Here's a map of the big-box stores closing in 2018
(DBN)

Toys R Us bankruptcy 'perfect storm' for Ollie's Bargain Outlets
(DBN)

Ex-postmaster general defies Trump by 'unequivocally' stating that Amazon's contract is profitable for the US Postal Service Trump tweets fifth Amazon attack in a week, repeats false 'lobbyist' claim about Washington Post FactCheck: Trump's Attacks on Amazon Why Big Business Isn't Defending Amazon Against Trump Trump says he's taking a serious look at policy options on Amazon Amazon and UPS have been quietly fighting over the post office’s cost structure — long before Trump
(DBN)

Claire's Stores Says Entered Into Backstop Commitment Agreement
(DBN)

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Currency:

Mt Gox Former CEO May Receive Bitcoin Billions Due to Japanese Bankruptcy Law
(DBN)

Former Mt. Gox CEO Karpeles Is No Longer a Bitcoin Believer Mt Gox CEO on Silk Road, the bitcoin exchange's collapse, and losing 35kgs in prison
(DBN)

US households owe $25 billion in taxes on cryptocurrencies, analyst Tom Lee estimates
(DBN)

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Student Debt:

This map shows where people are suffering financially from student debt
(DBN)

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Electricity:

FirstEnergy Solutions consumer contracts OK in 'near future,' but PUCO wants explanation
(DBN)

Trump Says He’s Looking at Emergency Aid for Battered Power Plants
(DBN)

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Radio:

iHeartMedia, Just Two Weeks After Chapter 11 Filing, Delays 10-K Report
(DBN)

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Weather:

US Cold Snap Sets New April Record Record cold and snow for central, eastern US; Pineapple Express to soak the West
(DBN)

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Tech:

Facebook secretly deleted Mark Zuckerberg's private messages over fears the company could be hacked
(DBN)

Sandberg on Cambridge Analytica: We made mistakes, and I own them
(DBN)

Facebook sent a doctor on a secret mission to ask hospitals to share patient data
(DBN)

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Personal Finance:

The unconventional way this man paid off $70,000 in student loans in 1 year Kat Tretina, Student Loan Hero
(DBN)

How To Finally Get Your Financial Life In Order
(DBN)

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Fraud:

The SEC is accusing a startup founder of stealing $48 million from investors to fund private jets and a dairy cow farm
(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 (23 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (28 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:

February bankruptcy filings show mixed moves
(DBN)

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Academia:

The Effect of Creditor Rights on Capital Structure, Investment, Profitability, and Risk: Evidence from a Natural Experiment
(DBN)

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SCOTUS:

SCOTUS Asked To Hear "Initial Transferee" Case
(DBN)

Tribune Creditor Showdown Gets High Court Deferment
(DBN)

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Safe Harbors:

Supreme Court Narrows Scope of Safe Harbor Exception for Securities Clawbacks
(DBN)

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Leases:

Does the Bankruptcy Code Adequately Protect Lessors?
(DBN)

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Lien Stripping:

4th Cir. Allows Chapter 13 Lien Stripping When No Proof of Claim Filed
(DBN)

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UST:

Public Report: Debtor Audits by the United States Trustee Program, Fiscal Year 2017
(DBN)

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Politics:

Trump picks the 'Fake News Washington Post' as the newest target in his war against Amazon and Jeff Bezos
(DBN)

Trump dives into heated West Virginia Senate race with swipes at Democratic Sen. Joe Manchin
(DBN)

More women have filed to run for a House seat than ever before
(DBN)

Republicans might need to start panicking about a key Senate seat in a deep-red state
(DBN)

Trump ditches ‘boring’ tax script for Mexican r------, illegal voting claims FactCheck: R---- in Latin American Caravan
(DBN)

Trump's generals tried to talk him out of pulling US troops from Syria — he didn't want to hear it
(DBN)

Senate Democrats Call for Investigation of Pruitt's Unusual Raises Top Pruitt Aide Resigns EPA: Pruitt Sidelines Those Who Question Him EPA: Pruitt Wanted Sirens Used in DC Traffic Pruitt on the precipice Scott Pruitt Was Always an Ethics Problem Ethics Memo Raises Fresh Questions for Embattled EPA Chief Lobbyist Tied to Pruitt's Condo Had Roster of Clients Facing EPA Trump Says He Retains Confidence in EPA's Pruitt Pruitt Fell Behind on His $50 a Night Rent?
(DBN)

Trump Has the White House He Always Wanted ‘Tired of being told no,’ Trump freezes out chief of staff John Kelly
(DBN)

Trey Gowdy says being in Congress was largely a waste of time
(DBN)

How Trump governs by bluffing
(DBN)

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Awards:

International Women's Insolvency & Restructuring Confederation (IWIRC) Announces 2018 Founders Awards Winners
(DBN)

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Entertainment:

U.S. Trustee In Weinstein Bankruptcy Opposes Conditions Of Lantern Capital’s Breakup Fee
(DBN)

Lin-Manuel Miranda’s ‘In The Heights’ Escapes Weinstein Co Bankruptcy Tsuris The Weinstein Company Loses In the Heights Movie Rights to Lin-Manuel Miranda and Quiara Alegría Hudes
(DBN)

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Celebs:

16 Celebrities Who've Gone Broke
(DBN)

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Finance:

Blackstone Raises $7 Billion for Rescue-Lending Fund
(DBN)

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Distressed Investing:

American Greetings offers steep discount on buyout bond
(DBN)

Picky Debt Investors Wring More Concessions From Buyout Firms
(DBN)

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Coal:

Coal Generator's Bankruptcy Threatens Solar Farm in Maryland
(DBN)

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UK:

U.K. Government Publishes Guidance on Corporate Governance in Insolvency
(DBN)

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PIIGS:

ie: Gaps In International Insolvency Law
(DBN)

Carillion collapse pushes Sammon into examinership
(DBN)

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Canada:

The Housing Market Is Heading South
(DBN)

Former Oilers owner Peter Pocklington charged with securities fraud
(DBN)

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India:

Binani files plea to terminate insolvency proceedings of its cement unit
(DBN)

Foreign Creditors and Insolvency Proceedings in India
(DBN)

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Australia:

Insolvent Trading Trusts: You can go your own way.
(DBN)

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Switzerland:

Revision of Swiss International Insolvency Rules
(DBN)

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Venezuela:

Venezuela's Currency Is Doing Even Worse Than Previously Thought
(DBN)

'It feels like we're all dying slowly': Venezuela's doctors losing hope
(DBN)

Poll: Venezuelans lack food and medicine, and they blame Maduro
(DBN)

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India:

IndiGo Not Willing to Buy Air India Under Current Plan
(DBN)

Debt-ridden farmer commits suicide
(DBN)

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South Korea:

GM workers in South Korea trash CEO office after company holds back bonus S.Korea urges GM, union to reach wage deal swiftly
(DBN)

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Japan:

Japanese wages are still going backwards after inflation
(DBN)

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China:

How HNA's Meteoric Rise Switched to Dramatic Downfall
(DBN)

U.S. companies in China prepare to be squeezed
(DBN)

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Hong Kong:

Goldilocks slams Noble's new board appointments
(DBN)

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