August 22, 2018

The Daily Bankruptcy News

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Law:

The Best Biglaw Firm In All Of Bankruptcy US News: Best Law Firms for Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law
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Diversity Initiative Names 'Certified' Firms for Women, Minority Leadership These Biglaw Firms Are Officially Diversity Certified Positive Results Mark End of Mansfield Rule Diversity Pilot
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Venable Adds 100 Lawyers in Merger
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Why Are Most Of The Amazing Scholars White Men?
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Lessons From Law School’s GRE Experiment: Harvard Law School Speaks Out
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Harvard Law Can Afford To Eliminate Tuition, But Will It? Or Should It?
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Tales From An Unsuspecting T14 1L: Gearing Up For Law School
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Law School Kicked Out Of Building Due To Alleged Failure To Pay Rent
(DBN)

Aspiring Lawyers Warned About Twitter, Social Media Perils
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So, You Want To Quit Law But You’re Overcome With Fear? Try This Exercise.
(DBN)

Stressed-Out Lawyers In First 10 Years Of Practice More Likely To Have Mental-Health And Wellness Issues
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Oh, The Onion Knows Exactly Why So Many People Are Applying To Law School Right Now
(DBN)

Hacking Law Firms Can Be Just Child's Play
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Trump is powerless as his legal fate spins out of his control Newt Gingrich: Mueller's fatal mistake New Jury Note Suggests Verdict Is Near in Paul Manafort Trial Judge tells Manafort jury to keep deliberating after it asks about impact of not reaching verdict on one count 'It's your fault!' Trump screamed at Giuliani Paul Manafort found guilty on eight counts “A Complete Defeat”: Paul Manafort Becomes a Casualty of Trumpworld Manafort guilty verdicts will put new pressure on him to cooperate with Mueller’s Russia probe Trump responds to Manafort verdict: This has nothing to do with Russian collusion Paul Manafort Convicted: How the Trial Unfolded Paul Manafort disappointed in verdict, evaluating all his options, lawyer says Manafort guilty verdicts raise chances of pardon by Trump Of Course Trump Could Pardon Manafort Senator Warns Trump on Pardoning Cohen, Manafort 'Doesn't Involve Me': Trump Responds to Cohen, Manafort How Paul Manafort's guilty verdict will affect Mueller's other targets Follow the money: how Mueller's team made the Manafort case Blind Confidence Couldn’t Save Paul Manafort Manafort Faces 10 Years in Federal Prison, Legal Experts Say
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Michael Cohen Pleads Guilty, Says Trump Told Him to Pay Off Women Cohen Says Trump Directed Him to Violate Campaign Laws Michael Cohen Pleads Guilty, Says Trump Told Him to Pay Off Women Here’s why Donald Trump is not named in the Michael Cohen indictment Michael Cohen’s Lawyer Says Trump Directed Him to ‘Commit a Crime’ Michael Cohen 'testified under oath that Donald Trump directed him to commit a crime,' lawyer Lanny Davis says What Does Cohen Know About Trump and Collusion? Michael Cohen's lawyer says his client has information about Trump 'that should be of interest' to Mueller Cohen’s Guilty Plea Puts Trump in a Perilous Spot Trump's ex-lawyer Michael Cohen strikes plea deal with federal prosecutors: NBC News Michael Cohen Facing Jail Time as Part of Plea Deal Court Barricades Up as Michael Cohen Reportedly Prepares to Take Plea Deal What Michael Cohen knows Ex-Trump lawyer Cohen admits to illegal payments at direction of candidate to influence election What Michael Cohen’s Plea Deal Could Mean for Trump Read Trump ex-lawyer Michael Cohen's full plea agreement Ex-national security official: Cohen plea timing is a confluence of events 'of historic proportions' Cohen faces ‘lock him up’ chant leaving courthouse after pleading guilty to federal charges Nixon's John Dean on Michael Cohen Plea Michael Cohen's lawyer claims he has information on Russian conspiracy Cohen's lawyer says he's completely flipped and will give evidence that Trump colluded with Russia
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My Man McGahn: The Smartest Lawyer in Trumpland
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Michael Flynn Not Ready for Sentencing
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Democrats prep an emergency plan in case Trump fires Mueller: NBC News
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Protesters Alleging Assault By Trump Security Team Can Proceed With Lawsuit Trump Security Team to Face Jury for 2015 Attack on Activists
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Prisoners nationwide go on strike to protest 'modern-day slavery'
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Forget the Briefcase: Backpacks You Can Wear With a Suit
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Uber to settle harassment, discrimination claims for $2M Sexist Attitudes Are Most Prevalent In The Southeast, Study Finds Sexist Attitudes Are Most Prevalent In The Southeast, Study Asia Argento denies assault, says Bourdain made payment Trump Groping Accuser Wants Prez To Name Other Accusers 'Apprentice' Contestant Says Donald Trump Refusing To Turn Over Documents About Illicit Conduct Our CEO Is an Accused Harasser. Now What? It's 2018. Do You Know Who Your Law Firm Settled With Today?
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DHS has increased requests to open closed immigration court cases Family Separation Highlights Pro Bono Need
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A Banner Week For Lawyer Gossip
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Michigan Cops Tase Dad Holding Baby In Crock-Pot Spat
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CO: Shanann and Chris Watts Claimed $448,820 Debt in 2015 Bankruptcy Filing, With Dog as $5 Asset
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Police charge undocumented immigrant in killing of Mollie Tibbetts
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Inmates Plan Weeks-Long Strikes Across US
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Man who stole $4,000 worth of electronics from a church leaves behind note asking congregants 'pray 4 me!!'
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Prison telecom: ‘Technical error’ led to recording of more than 1,000 attorney-client calls
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Judges:

Trump's court pick thinks Roe v. Wade is settled law, swing vote Sen. Collins says Kavanaugh OK'd Bush Backing Of Flag Protection Amendment
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Federal judges appointed by Trump are starting to leave their mark
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Texas federal judge adds quotes, visual aids and warning of Alamo kiss to opinion
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Lawyer’s statements about judges ‘rigging the game’ require suspension, top Tennessee court says
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Wall Street:

Stocks attempt to shake off Trump legal woes as Target shares jump U.S. Futures Slip on Trump Legal Woes
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S&P futures fall after former Trump lawyer Cohen says candidate directed him to pay off Stormy Stock market ETFs fall in after-hours trade as ex-Trump attorney implies he violated campaign law at behest of Trump
(DBN)

S&P hits all-time high, ties record for longest bull market in history S&P 500 Index Rises to Record as Trade Angst Ebbs S&P 500 hits record high as earnings eclipse trade war fears
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Bull market is now longest in history
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Politics:

Trump Considered Excluding President Obama From Security Briefings Given To Ex-Presidents Trump Threatens More Security Clearances
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Sen. Elizabeth Warren Unveils Anti-Corruption Legislation Sen. Elizabeth Warren, in the latest move positioning herself for a 2020 presidential campaign, on Tuesday proposed sweeping new ethics restrictions for federal officials Elizabeth Warren’s Far-Reaching New Bill Aims To Actually Drain The Swamp Sen. Elizabeth Warren's new reform bill would ban members of Congress from owning individual stocks Elizabeth Warren Targets Washington in Call to End Lobbying as We Know It Warren's Bill To Eradicate DC Corruption Warren tries out for swamp drainer-in-chief
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GOP's midterm nightmare: Party "looks like a criminal enterprise"
(DBN)

Russian Hackers Target Conservative Groups in Widening Cyberattacks National security advisor John Bolton warns Russia is 1 of 4 countries tied to US election meddling
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Omarosa: ‘Charlottesville Was My Breaking Point' Cohen Plea is ‘Beginning of the End' for Trump: Omarosa Omarosa Manigault Newman's Neighbors Sue Her Husband Over This Property Problem
(DBN)

IAEA: NKorea Still Developing Nukes
(DBN)

Catastrophic day for Trump: Ex-campaign boss Manafort, former lawyer Cohen are now both felons Cohen pleads guilty to campaign-finance violations as Manafort found guilty of tax fraud All the president's guilty men ‘It’s the only excuse they’ll need’: Legal blows fuel impeachment fears GOP fears Cohen set road to impeachment Political storm around Trump leads to 'talk of impeachment' — but it's not likely With Cohen Implicating Trump, a Presidency’s Fate Rests With Congress
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'It's like a parallel universe': Trump supporters chant 'lock her up' at West Virginia rally hours after courts dealt major blows to the president Trump in W. Virginia: Where's the Collusion?
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Trump-Backed Candidate Loses in Wyoming’s GOP Governor Race
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Rep. Duncan Hunter and his wife indicted in use of campaign funds for personal expenses Paul Ryan Strips Duncan Hunter of Committee Assignments
(DBN)

Refugee admissions for Iraqis who helped U.S. troops drop from 3,000 to 48
(DBN)

Can ‘Medicare for All’ Carry Democrats at the Polls?
(DBN)

I Just Hacked a State Election. I’m 17. And I’m Not Even a Very Good Hacker.
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Fact-checking Donald Trump's rally in Charleston, W.Va. 'Winning': Trump sweeps bombshell Manafort, Cohen verdicts under the rug at wild West Virginia rally
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Retailing:

Bankrupt Brands Are Good News for Kohl's Nine West's First Major Move After Bankruptcy ? Shelf Space in Kohl's Kohl's to add Nine West to clothing and footwear to portfolio of brands
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Kohl's posts 4th successive revenue beat
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Target shares surge as retailer reports unprecedented growth in foot traffic, beats Wall Street earnings expectations
(DBN)

TJX sales up 12% on 16th straight quarter of traffic increases
(DBN)

Steinhoff Removes Two Former Executives Amid Accounts Probe
(DBN)

In Kenmore sale, Sears' pension liabilities come back to bite
(DBN)

Report: All Orchard Supply stores to close permanently
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JC Penney: Near-Term Bankruptcy Risk Remains Low
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How online shopping and cheap prices are turning Americans into hoarders
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Claire's Senior Creditors Sue Oaktree Over Plan Opposition
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Travel:

What's The Difference Between Business and First Class?
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Software:

Apprenda selling assets in bid to repay bank, shareholders
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Mass Torts:

J&J, Supplier Defend Talc In Latest Trial On Asbestos Link
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Economy:

Dallas Fed President says three or four more rate hikes then 'assess' course ahead
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U.S. government bonds fall as investors weigh Trump’s Fed rate comments Dollar sell-off over Trump's Fed criticism continues Fed Boss Powell Feels Trump’s Fleeting Loyalty Trump vs. the Federal Reserve: Don't Expect 15% Inflation and Soaring Rates Trump Uses the Wrong Tool to Influence the Fed Trump demands Fed help on economy, complains about interest rate rises Jerome Powell privately promises Fed's independence amid Trump's public attacks Dollar extends slide as Trump Fed criticism weighs, Kaplan sees end of rate hikes Former Dallas Fed president: Trump isn't acting in his own best interest by criticizing the central bank Trump's Fed attacks are right out of the autocrat playbook Trump just attacked the Fed again — an ugly economic lesson from the Nixon administration shows why his criticism is so worrying Federal Reserve now firmly a target of Trump’s ire The Myth of the All-Powerful Federal Reserve Can Trump bend the Fed to his will? Trump: ‘I should be given some help’ by Fed It is not unusual for a president to fight the Fed and Trump may have good reason to Dollar slides for 6th day in a row amid Fed rhetoric, political turmoil
(DBN)

Trump Tariffs Now Hitting US Consumers ‘We’re the ones it’s going to hurt’: Trump tariffs fuel angst in Trump country Trump: We are going to put a 25% tariff on every car from the European Union No Mr. Trump, a Chevy Camaro Doesn't Cost $119,000 in China 8 Ways the Next Round of China Tariffs Could Pinch Consumers The Trump administration is pushing back timetable for completing an investigation into whether to impose tariffs on auto imports Michigan auto parts maker caught in trade war crosshairs Chinese tariffs: Next round set to hit $16 billion of goods this week Here’s what businesses are saying about the Trump administration’s proposed tariffs on $200 billion of Chinese goods A US-Mexico deal? Not without Congress Trump Still Thinks He Can Win a Trade War US confidence in “trade war victory” to derail trade talks with China on Thursday Trump administration imposes duties on pipes from Canada, China Oregon's chip industry casts wary eye on budding trade war Startups Fear That Trump's Tariffs Will Stifle the Next Apple Dog owners in Madison, Wisconsin, are about to be the latest American consumers to feel the squeeze from Trump's tariffs Retailer Joann Calls on Crafters to Oppose Trump's Tariffs What Dr. Copper ordered: Trade war gives China metal a shot in the arm
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Harley Davidson Celebrates 115 Years
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Trump to Discuss NAFTA With Union Leaders Trump administration reportedly to announce NAFTA 'handshake' deal with Mexico Thursday
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Business Economists Diss Trump’s Policies
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New Case at US Supreme Court Tests Gender Pay Disparities
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U.S. Heads for Best Growth Since 2005 on Robust Domestic Demand Is This an Economic Boom or Just a Blip? America's Booming Economy Comes With a Cost for Global Growth
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Majority of young workers have already tapped their retirement savings
(DBN)

The American Dream is getting smaller
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Here’s who owns a record $21.21 trillion of U.S. debt
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Larry Kudlow hosted white nationalist publisher at birthday party
(DBN)

US Manufacturing: The Reports Of My Death Are Greatly Exaggerated
(DBN)

Wholesale sales dropped 0.8% in June
(DBN)

Demographics, Unemployment Rate and Inflation
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Crushing debt is forcing more young Americans to live with their parents
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Why Are American CEOs Paid So Much?
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The first major basic income trial in the US just announced how it plans to give away free money
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Gallup: Americans’ Views of U.S. Life Compared With Other Nations
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US Debt Clock
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World Debt Clock
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How People Really Live
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Real Estate:

Toll Brothers Surges Most Since 2011 on Gain in Home Orders Toll Brothers Profit Jumps as Wealthy Buyers Continue Spending on Luxury Homes
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Steady interest rates bring mortgage volume back to life
(DBN)

As Property Investors Turn Lenders, Some Warn About Excessive Building
(DBN)

The National Mortgage Settlement is officially over
(DBN)

Look Ahead to Existing Home Sales for July
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SEC Charges Unregistered Brokers in Sales of Bankrupt Woodbridge Securities
(DBN)

Distressed home sales finally hit pre-recession lows
(DBN)

International Market Centers seeking assurances rent will be paid post-Heritage Home Group bankruptcy
(DBN)

Here's where renters can find affordable homes to buy
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Municipalities:

Probe cites multiple causes for Puerto Rico's fiscal free fall
(DBN)

Former Puerto Rico gov: History proved me right; debt couldn't be paid
(DBN)

Chicago mulls $10 billion debt sale to fill pension funding hole
(DBN)

SEC Forces Cities to Reveal Wall Street Loans With Holdings Surging
(DBN)

Some city leaders think Vacaville is flirting with bankruptcy
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Oil/Gas:

Pacific Drilling sees Ch. 11 exit soon after deal with majority shareholder
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Healthcare:

Hospitals shut at 30-a-year pace in U.S., with no end in sight
(DBN)

Distressed Hospital Trend Continues and the Potential Impact on South Fla. Grows
(DBN)

Women to get mammograms after funds recovered from bankrupt charity
(DBN)

Priced Out of Health Insurance, Americans Rig Their Own Safety Nets
(DBN)

Trump Health Official Vows to Protect Patients with Pre-Existing Conditions
(DBN)

Even hospitals don’t know what surgeries cost
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Religion:

More Than 400 Have Called Pennsylvania's Hotline Since Clergy Sex Abuse Report The Pennsylvania Catholic Church report highlights the cruelty of statute of limitations laws Following Pennsylvania clergy scandal, Springfield Bishop pens community letter vowing to root out 'evil' In revealing Catholic Church sex abuse, we can thank the law - and not the Men of God "Virtually everyone knew": Priest says he repeatedly complained about Cardinal McCarrick Pope Francis’ U.S. Abuse Watchdog: Sorry, Complaint About DC Cardinal Was Lost in My Office Cardinal O’Malley apologizes for not responding to letter that raised questions about sex abuse by fellow cardinal No Real Justice for Pedophile Priest's Crimes
(DBN)

Christians Drowning in Debt; Should they File Bankruptcy?
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Coal:

Trump Brings Back Coal Fired Power Plants Trump Proposes Unwinding Obama's Coal-Plant Pollution Curbs California governor blasts Trump move to scrap Obama greenhouse gas plan as 'war against America' EPA Admits Its Power Plant Plan Could Kill Thousands States greet Trump's new coal rules with lawsuit threats U.S. coal-power plan blows little but hot air
(DBN)

Trump Promised to Bring Back Coal. It’s Declining Again
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What killed coal? Technology and cheaper alternatives
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M&A interlopers Blackhawk Mining and Harvey Gulf disrupt incumbent coal, OSV deals
(DBN)

Chinese traders ditch cheap U.S. coal for domestic supply as tariffs loom
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Cryptocurrency:

Bitcoin futures volumes fall for third day running, down 69% from one week ago
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Personal Finance:

Does society still put pressure on husbands to earn more than their wives?
(DBN)

An App For Borrowers Living Paycheck To Paycheck
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Farming:

Rural Suicides On The Rise
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Education:

Ohio Sues to Recoup Money From Defunct E-School Ohio seeking millions from defunct online school's founder
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Marijuana:

The Moral Paradigm Of The American Banking System Is Still Not Cool About Marijuana
(DBN)

Here’s How Much Marijuana Costs on the West Coast vs East Coast
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Hotels:

Hurricane-Damaged Lauderdale Hotel Sells in Bankruptcy Sale for $39 Million During Construction
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TX: Marriott hotel near Medical Center enters foreclosure
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Fraud:

Prominent McGlinchey Stafford Attorney Accused of Fraud
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Tech:

Facebook users demanding Cambridge Analytica secrets must wait, bankruptcy judge rules Facebook users bid for data on hold as Cambridge Analytica fades
(DBN)

Facebook: the new Credit Reporting Agency?
(DBN)

Short-Sellers Circle Apple Supplier That's Loved by Analysts
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New Bankruptcy Opinions
(6 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)
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Recent Ch. 11 Adversary Proceeding Filings (3 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
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Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Jobs:

(1) (2) (3) (4) (5) (6) (7) (8)
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Seminars - (Contact us to list your seminar)

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True Sales:

Fifth Circuit Affirms Conditional Sales Agreement is Not a True Lease
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Insurance:

Bank out millions in ReliaMax insolvency
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Avoidance Actions:

SDNY Bankruptcy Court Enters Final Default Judgments Against Properly Served Foreign Defendants
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Eleventh Circuit Issues Opinion on New Value Defense to a Preference Claim
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Discharge:

Discharge Injunction Revisited: Question: Is a Creditor’s Good Faith Defense Applicable? Answer: It Depends on Which Circuit the Case Was Filed in.
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Mediation:

How a Judge Makes Mediation Work: Judicial Oversight in Bankruptcy
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Autos:

Elon Musk’s Instagram account vanishes and this story keeps getting crazier Saudi Fund in Talks to Invest Over a Billion Dollars In Tesla Rival Another Wall Street bank has dropped coverage of Tesla — and it could be a sign Elon Musk is making progress in taking the company private Morgan Stanley Stops Coverage of Tesla Tesla unsteady after Morgan Stanley drops coverage Internal documents reveal the grueling way Tesla hit its 5,000 Model 3 target Tesla wouldn't be as private as Elon Musk wants UBS repeats: Tesla will lose money on $35,000 Model 3 The Scrutiny Of Elon Musk Why Can't Elon Musk Tell the Truth?
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July auto defaults maintain seasonal pattern
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Banking:

Big banks are getting ready for an uncertain future
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Electricity:

Advocates seek assurance on decommissioning funds for FirstEnergy nuclear plants
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FirstEnergy Solutions retail customers should expect a goodbye letter soon
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Horticulture:

Color Spot Nurseries Emerges From Bankruptcy With New Corporate Structure
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Newspapers:

Co-owner of Lillie Suburban Newspapers files for bankruptcy
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Event Facilities:

Bankruptcy proceedings may lead to changes for JQH Arena
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Telecoms:

Potential Windstream bankruptcy presses Uniti lease
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Celebs:

Rapper Da Brat Files for Bankruptcy , Drowning in $7.7 Million of Debt
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Student Debt:

Student Loans are Starting to Bite the Economy
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Hollywood:

Global Road in Crisis: Banks Take Control of Studio
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Corporate Reform:

Dodd-Frank Desperately Needs More Reform
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Climate:

She thought she’d sell her home for $1M. Instead, she’s tearing it down
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Trump issues rollback of Obama's biggest climate rule
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Global heat waves animation shows records broken in 2018
(DBN)

Wildfire smoke fills U.S., Canadian skies as officials ponder options
(DBN)

Colorado's Wildfires Becomes One of Worst in History
(DBN)

Hawaii at risk as latest hurricane path shifts toward Islands Category 4 Hurricane Lane poses rare direct threat to Hawaii
(DBN)

The Victims of Climate Change Are Already Here
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First Time: Arctic's Strongest Sea Ice Breaks Up
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UK:

House of Fraser Locked Down in Logistics Standoff
(DBN)

Brexit deal not expected by October target Farage Launches New Brexit Campaign in UK How a no-deal Brexit could cripple Britain Gear up for a no-deal Brexit: 5 areas investors should watch
(DBN)

Truth behind Katie Price's finance problems exposed as reality star 'owes nearly £500,000'
(DBN)

Wales Has Higher Personal Insolvency Rate in 2017
(DBN)

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PIIGS:

Greece exits bailout, but ‘public debt tragedy’ persists Greek Bailout Ends, But Underlying Problems Remain Tsipras warns of fresh battles after bailout ends Tsipras declares 'day of liberation' after Greece exits bailout After bailout Odyssey, Greece ready to be 'normal' again
(DBN)

Casino di Campione still hopes to rise from its bankruptcy ashes
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Canada:

Quebec finance minister says Trump tariffs having impact on the ground U.S. issues preliminary duties on pipes from Canada
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MENA:

Saudi Arabia, which has been calling out Canada over women's rights, may soon behead a female activist for the first time Canada fires back at Saudi Arabia for preparing to behead a female activist
(DBN)

Iraq Wants Exemptions from Iran Sanctions
(DBN)

Iran Warns OPEC Over Their Oil Quotas Germany is challenging the US's financial monopoly as the Iran row deepens
(DBN)

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India:

Government Plans To Transfer Air India’s Non-Core Assets To SPV
(DBN)

Why JP Associates May Finally Face Insolvency Proceedings
(DBN)

Crunch time comes for RCom debt restructuring
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Venezuela:

Venezuelans Grapple With Maduro's Baffling New Economic Plan
(DBN)

Magnitude 7.3 quake hits northern Venezuela coast
(DBN)

See how many bills it took to buy a chicken in Venezuela
(DBN)

Ecuador to organize regional Venezuela migrant crisis meeting
(DBN)

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China:

China GDP to Suffer If Trump Fires New Tariffs, Economists Say
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Australia:

Regions fare better for insolvency
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Four major fin services firms a “high to severe” insolvency risk
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Adriano Zumbo may have traded while insolvent, say administrators
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Singapore:

Ipso Facto Clauses, Distressed Debt Market Update And DIP/rescue Finance
(DBN)

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Denmark:

Danish farmers' drought losses deepen, more bankruptcies seen
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