August 1, 2018

The Daily Bankruptcy News

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Law:

While number of lawyer jobs have been decreasing, law school applications are up 8% • This Is Really Good News For Law School Fans — More (And Smarter) Applicants Are Here
(DBN)

Law Firm Marketers Catching Up With 'New Normal'
(DBN)

Courtroom Sexism: ‘No-Crying Motions’ Filed By Male Opposing Counsel
(DBN)

The 60 Best Law Firms For Women (2018)
(DBN)

Biglaw Firm Accused Of Maintaining A ‘Black List’ Of Minorities To Push Out Was Actually Predicting Departures Of All Sorts Of Associates
(DBN)

Arnold & Porter Kaye Scholer and Billionaire Rennert Close Book on Malpractice Suit
(DBN)

Bankruptcy Attorneys and Free Speech
(DBN)

Troubled ‘Tech-Enabled’ Bankruptcy Law Firm Names Ethics Prof As Independent Monitor
(DBN)

ABA to Overhaul Law School Accreditation Process With Major Reorganization
(DBN)

LegalZoom now valued above $2 billion • LegalZoom announces $500M secondary investment
(DBN)

Law Grads Discuss Juggling Classes While Raising Families
(DBN)

As ABA cuts hit entities and outside legal groups, one committee loses 97% of funds
(DBN)

Harvard Law School Gives Terrible Harassment Advice
(DBN)

Faculty Hiring Meetings And The Unicorns And Rainbows They Produce
(DBN)

You Can Save A Bunch Of Money Going To This Law School — If You Can Manage To Get In
(DBN)

Is This Elite Law School Really Worth The Money?
(DBN)

Why You Should Take a Vacation From Your Phone. And Why You Probably Won't.
(DBN)

DC Circuit Rejects Manafort's Bid for Freedom Pending Trial • Why Mueller’s Manafort Case Isn’t About Trump • Mueller says Manafort laundered millions for 'lavish lifestyle' • Prosecutor: Manafort had a $15,000 jacket 'made from an ostrich' • Ex-Trump aide Manafort faces charges in first trial of Russia probe • Paul Manafort's high-stakes trial kicked off today — here's what you need to know about Mueller's roadmap and Manafort's risky gamble • Court: Manafort Put Himself Above the Law • Manafort on trial: A scorched-earth prosecutor and not a mention of Trump • Manafort trial to begin; prosecutors have identified 500 potential exhibits and 35 witnesses • Manafort's Trial and Mueller's Investigation • Jury picked for trial of former Trump campaign boss Paul Manafort • Paul Manafort Trial Explained • This Is So Much Bigger Than Paul Manafort • 'The hell with Mueller': Fox host Lou Dobbs says the special counsel is on 'jihad' against Trump • In debating whether collusion is a crime, Donald Trump and Rudy Giuliani are successfully changing the subject from political misconduct to legalistic parsing • Collusion is Not a Crime. (But Conspiracy Is) • Forget Collusion. Conspiracy’s the Watchword in Mueller’s Filings • Don McGahn Hates Rudy Giuliani
(DBN)

Michael Cohen tried to gag Stormy Daniels and her celebrity lawyer from speaking about their case against Trump, but got rejected by a judge • Model Shera Bechard, who signed hush deal with GOP fundraiser, says Michael Cohen was 'recruited' to fix problem, lawsuit says
(DBN)

ABA Annual Meeting to kick off with appearance by Deputy AG Rod Rosenstein
(DBN)

Mueller refers foreign agent inquiries to New York prosecutors
(DBN)

Butina Told US CEO: Send Money to Moscow
(DBN)

Federal prosecutors said to be investigating lobbyist Tony Podesta after special counsel referral
(DBN)

Trump says he’s talked with the NRA and maybe 3-D-printed guns don’t make sense • Federal Judge to Consider Temporary Restraining Order on 3D-Printed Guns • Release of blueprints for 3D-printed guns halted by federal judge
(DBN)

Judge orders migrant center to stop medicating kids without consent • HHS Warned Separations Would be Horrific • Migrant Separations Stories Get Worse • Sessions FactCheck: "One out of every 30 people in the Greater Boston area is an illegal alien."
(DBN)

Stolen shark back at San Antonio aquarium; one charged
(DBN)

Les Moonves & Top CBS Execs Accused Of Destroying Evidence In Corporate Battle With Shari Redstone • Report: Prosecutors decline to pursue abuse charges against CBS chief • Allegations exceed statute of limitations
(DBN)

Bank robber gets cold feet, then tries to open account
(DBN)

The samples at Costco were free. Two men in their 70s got into a fight over them, SC police say
(DBN)

Alex Jones Seeks $100K from Victim's Family • Alex Jones Legally Pursued Over His Lies • Alex Jones Defense? Only Idiots Believe Me
(DBN)

Arrests in slayings are less likely when the victim is black, newspaper study reveals
(DBN)

The venomous ideology of religious intolerance
(DBN)

Thieves stole Sweden's priceless crown jewels in a brazen daytime heist that ended in a speedboat escape
(DBN)

Attorney Avoids Sanctions Over Client’s ‘Staged Photos’
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Judges:

51 Imperfect Solutions: An Interview With Judge Jeffrey Sutton
(DBN)

Judge Kavanaugh: What Does It Mean To Be Complicit In Harassment
(DBN)

Judge’s Isalmaphobia Gets The Best Of Her At Sentencing
(DBN)

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Wall Street:

US stock futures waver ahead of Fed decision, Tesla earnings • Stock futures struggle for direction as new trade fears offset Apple’s strong quarter
(DBN)

European stocks pull back on risk of U.S. hike in Chinese tariffs
(DBN)

Dow rises more than 100 points to close out best month for stocks since January
(DBN)

Morgan Stanley: The biggest sell-off since February is coming and it's going to hit the average investor hard
(DBN)

The unprecedented market shift that worries Dimon is just starting. Here’s what others are saying
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Layoffs:

Hospital out of bankruptcy, lays off 60
(DBN)

Bristol Compressors closing in 60 days, eliminating 470 jobs
(DBN)

500 to lose jobs at Lockheed Martin campus west of Jupiter
(DBN)

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Movie Theaters:

AMC's movie-theater subscription service racked up over 175,000 subscribers in its first 5 weeks, as problems continue for MoviePass • MoviePass parent company stock briefly doubles after announcing price increase • MoviePass to raise subscription fee, limit ticket availability to some films in cost-reducing measure • MoviePass limiting new movies, increasing prices to keep afloat • MoviePass just raised its prices — here's what people are saying • Not even Elon Musk thinks he can fix MoviePass • How to Fix MoviePass
(DBN)

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Climate:

Rising Risks: More intense flash floods hit overdeveloped real estate, destroying Main Street USA
(DBN)

A perfect storm of factors is making wildfires bigger and more expensive to control
(DBN)

New fire erupts in Northern California; homes threatened
(DBN)

Supreme Court refuses stay in youths’ climate change suit, while offering advice to trial court
(DBN)

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Energy Storage:

Unclear On The Concept? - Bloom Energy corrects CEO comments on being "profitable"
(DBN)

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Retailing:

Toys 'R' Us Workers to Meet Senators on Severance, Policies
(DBN)

Jeff Bezos' parents invested $245,573 in Amazon in 1995 — now they could be worth $30 billion
(DBN)

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Hedge Funds:

David Einhorn: Hedge fund's performance "far worse than we could have imagined"
(DBN)

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Celebs:

‘RHONY’ Star Sonja Morgan Victorious in Legal Battle Over Unpaid Bill to Bankruptcy Lawyers
(DBN)

How Katie Price's finances are 'ruining' her - '£2k a month on heating, £1.5k on manicures, £800 on massages'
(DBN)

Paul Tuetul Sr. escorted from bankruptcy court after 'lunging' at attorney: Report
(DBN)

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Metals:

Rockland steel firm seeks protection from $2.1M debt in bankruptcy
(DBN)

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Religion:

Montana Catholic diocese must identify 27 former clergy as abusers, settlement says
(DBN)

Victims of Montana clergy sex abuse vote on $20M settlement
(DBN)

Chile: Prosecutor Forces Out Church Secrets
(DBN)

Pope blasts supermarket of idols of money, drugs, vanity
(DBN)

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Textbooks:

Nebraska Book Company Announces New Debt Facility and Balance Sheet Restructuring
(DBN)

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Fraud:

July 2018 Ponzi Scheme Roundup
(DBN)

Bankruptcy trustee accuses Falls Event Center management of fraud
(DBN)

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Gambling:

There is buzz around the NBA that legal betting could cause player salaries to spike again and create more wild offseason spending sprees
(DBN)

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Student Debt:

Study Finds Student Debt Crisis Is Hitting These 10 States the Hardest
(DBN)

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Economy:

Personal Income increased 0.4% in June, Spending increased 0.4%
(DBN)

As the Fed meets, the specter of pressure from Trump and the market looms
(DBN)

Fed seen keeping interest rates on hold Wednesday, but there's a hot debate about where it will end hiking
(DBN)

An unusual curveball from the White House is hurtling towards the Fed
(DBN)

Worker pay rate hits highest level since 2008
(DBN)

Consumer debt is at an all-time high. Should banks be worried?
(DBN)

The Fed is struggling with one key sentence in its post-meeting statement
(DBN)

US and China reportedly seeking to restart talks to avert trade war • Trump's trade war could take a $200 billion shot at China as soon as Wednesday • Trump is said to plan proposal of 25% tariff on China imports worth $200 billion • China Vows Retaliation Against Trump Tariff • Dow rises 150 points after report that US and China are said to restart talks to avoid trade war • Trump tariffs threaten the strong economic growth and the expected market returns: CNBC Fed Survey • Why Trump has tamped down trade tensions with Europe but not with China • How companies are making customers pay for Trump's trade war • Apple CEO Tim Cook hits out at Trump’s tariffs: 'They show up as a tax on the consumer' • Apple CEO Tim Cook: Tariffs can have 'unintended consequences' for consumers and the economy • Soybeans are going bananas • Mexico Still Preparing for US Car Tariffs
(DBN)

Trump's idea for a $100 billion tax cut that would give 97% of its benefit to the wealthy is legally dubious • Insana: US can’t afford the first tax cut, let alone Trump’s new stealth $100 billion plan for rich • Here’s who wins and loses if capital gains are indexed to inflation
(DBN)

Mexico's president-elect: Deal to renegotiate NAFTA could be reached in coming days • US, Mexico Meet on NAFTA, Leave Out Canada
(DBN)

Inflation, gas prices, tariffs squeeze consumers
(DBN)

Inequality: Even on the subway, wealthy New Yorkers have a very different experience
(DBN)

Trump doubles down on threat to shutdown government ahead of midterms
(DBN)

The college wage gap is real for Americans of color
(DBN)

Five of the scariest predictions about artificial intelligence
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Fannie Mae: Mortgage Serious Delinquency rate decreased in June
(DBN)

Case-Shiller: National House Price Index increased 6.4% year-over-year in May
(DBN)

A few comments on the Seasonal Pattern for House Prices
(DBN)

Weekly mortgage applications to buy a home hit the lowest level in a month as rates continue to rise
(DBN)

Congress just dodged hard decisions about flood insurance again • Senate passes flood insurance reform at 11th hour
(DBN)

There's a $1 billion plot of land for sale on an LA hilltop big enough to fit a home the size of Disneyland, but only about 100 people in the world could buy it
(DBN)

OH: How a 429-acre piece of Warren County rebounded from bankruptcy to an Amazon-led resurgence
(DBN)

The End of the Global Housing Boom
(DBN)

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Municipalities:

Chapter 11 or Chapter 9: Investors Beware
(DBN)

Puerto Rico Power Utility Bonds Soar on Restructuring Deal
(DBN)

Two New Lawsuits Challenge Puerto Rico’s ‘Bankruptcy’
(DBN)

A new deal for Puerto Rico's power company
(DBN)

Puerto Rico power utility director, union say rate could rise following bondholder agreement
(DBN)

MBIA advances day after preliminary pact reached with PREPA bondholder group
(DBN)

PREPA agreement sets new path for utility's stakeholders
(DBN)

Puerto Rico utility debt restructuring deal points to path forward
(DBN)

Puerto Rico shakes up Cabinet amid reconstruction efforts
(DBN)

Rebuilding Puerto Rico : It's in our hands, not the politicians'
(DBN)

HUD approves Puerto Rico's $1.5B recovery plan
(DBN)

Fiscal board publishes 2nd annual report to U.S., Puerto Rico governments
(DBN)

Public Pensions Have a $5 Trillion Hole
(DBN)

Why Has Detroit Continued To Decline?
(DBN)

Municipal Junk Soars as Economy Roars
(DBN)

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Oil/Gas:

Oil heads for worst month in 2 years as Trump pressures Saudi Arabia
(DBN)

Oil posts largest monthly loss since 2016 amid oversupply risks
(DBN)

Pacific Radiance granted moratorium on creditors' actions
(DBN)

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Retailing:

Is the retail collapse over? Shopping mall owners think so.
(DBN)

JC Penney Goes Back To The Future, But It's Likely Too Little, Too Late
(DBN)

Toys ` R ' Us Workers Go to Congress to Seek Curbs on Buyout Firms
(DBN)

Major auction will sell-off Toys "R" Us properties
(DBN)

Kimco Shrugs Off Toys 'R' Us Bankruptcy ... Shares Are Cheap
(DBN)

Links in 7-Eleven’s Chain Threaten to Snap as Store Owners Balk at Contract
(DBN)

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Personal Finance:

‘The Profit’ star Marcus Lemonis: Stop complaining about work-life balance
(DBN)

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Food/Beverage:

Meal kit sector is facing a shake-out as its business model is not sustainable
(DBN)

Denny's shares down 7.1%
(DBN)

Chipotle's new management still has the old problem: Food safety • 360 people say they got sick after eating at a Chipotle restaurant that was shut down on Monday
(DBN)

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Marijuana:

Manhattan District Attorney Cyrus Vance on Tuesday unveiled a new policy ending almost all prosecution of marijuana possession and smoking
(DBN)

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Cryptocurrency:

The CEO of Vietnamese Sky Mining Escapes with $35 Million Leaving the Company Bankrupt
(DBN)

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Coal:

Arch Coal Is the Incredible Shrinking Miner
(DBN)

Alabama Coal Mine Thanks Trump
(DBN)

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Distressed Investing:

Junk Bonds Are Treasures When No One Is Borrowing
(DBN)

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Footwear:

Bankrupt shoemaker Rockport settles with Adidas, clears way for sale
(DBN)

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Travel:

Mexico Airline Crash: All 103 Onboard Survive
(DBN)

With Re-regulation Now On Congress' Agenda Airline Bosses' Hubris Soon Could Be Exposed
(DBN)

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Entertainment:

David Glasser Alleged to Have Used Harvey Weinstein Scandal to Enrich Himself
(DBN)

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Debt Collection:

Synchrony Bank Debt Collector Faces Consumer Class
(DBN)

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Mining:

Creditors want trustee to replace Clarke
(DBN)

Company in legal fight with Montana halts mine cleanup work
(DBN)

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Corporate Governance:

Chancery Explains Limitations on Right of Directors to Corporate Information
(DBN)

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Furniture:

Furniture company files for bankruptcy —again • Furniture seller Heritage Home files for bankruptcy • New Chapter 11 Filing - Home Heritage Group Inc.
(DBN)

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Education:

Healey accuses defunct Brookline arts college of fraud
(DBN)

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New Bankruptcy Opinions
(13 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Chapter 7, 12 & 13 Private Trustee Locator
(DBN)

Recent Ch. 11 Filings (28 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)

Chapter 11 Bankruptcy Case Studies
(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:

Sleepy Season is Upon Us
(DBN)

Farm Sector Bankruptcy Rates Decline
(DBN)

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Bankruptcy Software:

Bankruptcy Management Solutions (BMS) Appoints Christopher Updike as General Counsel
(DBN)

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Advisors:

McKinsey urges end to turnaround pioneer's U.S. racketeering lawsuit
(DBN)

Justice official asks to reopen bankruptcy case advised by McKinsey
(DBN)

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Mediation:

Varying Ways to Succeed as a Mediator
(DBN)

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TBTF:

Banks are still playing with fire a decade after the recession
(DBN)

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Claims Trading:

Bankruptcy Claims Trading
(DBN)

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Consumer Bankruptcy:

Consumer Bankruptcy Pathologies
(DBN)

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Discharge:

Fiduciary Capacity and the Bankruptcy Discharge
(DBN)

The Fresh Start Canon
(DBN)

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IP:

How Bankruptcy Effects Rights Under Trademark Licenses
(DBN)

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Politics:

Poll of Polls: Trump Approval: 43.3% - Disapproval: 52.9%
(DBN)

'Everyone talked with Woodward': Trump White House braces for new book
(DBN)

John Kelly agrees to stay at White House for foreseeable future • John Kelly accepts Trump's offer to stay through 2020
(DBN)

Trump appears not to understand grocery shopping in latest push for voter ID laws • Trump: ID is Needed to Buy Groceries (Really?)
(DBN)

Kobach's Lucrative Trail of Courtroom Defeats
(DBN)

Facebook says it has been targeted by a political influence campaign again • Facebook finds new coordinated political disinformation campaign • Facebook has detected a coordinated effort to influence US politics ahead of the 2018 midterm elections • Facebook removes fake accounts that were trying to interfere in the midterm elections • See the political disinformation Facebook just axed • Facebook’s Big Disinformation Bust Is Cold Comfort
(DBN)

DHS Secretary: Cyber threats now greater than physical threats
(DBN)

Democratic candidates spin personal debts as assets
(DBN)

Steve Bannon's fiery threat to candidates: 'You take Koch money, it's going to be toxic' • Trump Is Squeezing the Koch Network Out of the GOP
(DBN)

Trump knocked by both parties as not doing enough to secure US elections • Pence stands by intel community in call to increase election cybersecurity
(DBN)

Jerry Jones May Have Blown Up Anthem Policy
(DBN)

'This isn't our best. It's not who we are': Anthony Scaramucci defends CNN newsman Jim Acosta after Trump supporters heckled him at a rally in Tampa
(DBN)

Conservative candidate calls Melania Trump a ‘h-----’
(DBN)

DHS Chief: It WAS the Russians!
(DBN)

'It’s a significant shift in our thinking': Business takes fresh look at Democrats
(DBN)

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Autos:

Tesla is enlisting workers from all over the company in an urgent push to build batteries and cars • Former Tesla employees sue the company alleging discrimination, harassment, and a system where SolarCity employees faked sales numbers • Tesla to invest $5 billion in Shanghai factory • The ex-Tesla employee Elon Musk called a 'horrible human being' just slapped the company with a countersuit alleging defamation • Tesla is reportedly flying in non-manufacturing employees to help with Model 3 production • Tesla says it did not ask suppliers for cash back
(DBN)

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Healthcare:

If You're Reading This, You're Too Late: Key Drivers in Rising Health Care Defaults

Preferred Care Unloads Kentucky Nursing Homes During Bankruptcy
(DBN)

Pernix Therapeutics Buys Bankrupt Orexigen’s Weight Loss Drug for $73.5 Million
(DBN)

NC Blue Cross says it could have slashed rates 22% but for repeal of Obamacare individual mandate
(DBN)

HHS: Skimpy "short term" health plans can last 3 years • Trump administration clears way for cheap short-term health plans to compete with Obamacare
(DBN)

The data showing drug pricing games
(DBN)

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UK:

High Court can't postpone bankruptcy because of request to appeal
(DBN)

Plymouth top for having the most people who can't pay their debts
(DBN)

Labour wants to try giving people free money with no strings attached
(DBN)

Sanofi stockpiling medicines in UK in case of Brexit no-deal • Chequers Brexit plan would cost economy equivalent of £500 per head, says thinktank •More than 400,000 people have signed The Independent’s petition calling for referendum on any Brexit deal • British passport holders to get their own lane at airports after Brexit as Theresa May 'overrules Sajid Javid'
(DBN)

Cocaine use soars in richer households
(DBN)

As Iresa collapses, what to do if your energy firm goes bust
(DBN)

Post-LAPSO landscape – how have the changes affected insolvency claims?
(DBN)

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PIIGS:

Europe Says Greece Is a Comeback Story. The IMF Isn't Convinced • IMF Gives Downbeat View of Greek Economy at End of Bailout Era
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Canada:

Threat of receivership looms as Islander RV called to court
(DBN)

A Canadian province just killed one of the world's largest basic income pilot projects
(DBN)

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MENA:

Iran currency drops 18% in two days • Iran Guards Call on President Rouhani to Halt Rial's Drop
(DBN)

Man survives third-floor fall while trying to escape creditors
(DBN)

Abraaj founder Naqvi faces second UAE court case over bounced cheque • Behind the stunning collapse of Dubai private equity titan Abraaj and Arif Naqvi
(DBN)

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Venezuela:

Once oil wealthy, Venezuela's largest state struggles to keep the lights on • Lights go out during vote for Maduro as socialist party head • San Juan: The Venezuelan city where nothing works anymore
(DBN)

Venezuela's president admits economy has failed
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India:

Lok Sabha passes Insolvency Bill • IBC amendment cleared: Home buyers now at par with creditors • IBC Bill not to liquidate companies, but will save jobs: FM Goyal
(DBN)

Poor crew management pushes debt-laden Air India further into losses • Debt-ridden Air India expects to pay lenders, jet leasing firms in two weeks; eyes fresh capital from government
(DBN)

Central Bank of India loss widens to ?1522 cr
(DBN)

Supreme Court orders attachment of bank accounts, movable properties of 40 Amrapali Group companies
(DBN)

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Argentina:

Uncertainty And Risk In Macri's Argentina: On Protean Power And Unknown Unknowns
(DBN)

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China:

As Trump's tariffs start to bite, China pledges it'll keep its economy stable
(DBN)

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Australia:

Dessert king Adriano Zumbo runs out of sugar
(DBN)

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