August 9, 2018

The Daily Bankruptcy News

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Law:

A Big Four-Branded New Law Competitor Could Be A ‘Safe Disruptor’ • Ernst & Young buys Riverview Law to expand its managed legal services business
(DBN)

Who Were the 10 Highest-Paid Female GCs in 2017?
(DBN)

Say ‘Thanks Robots’ As Ping Works To Automate The Billable Hour
(DBN)

There’s A Ton Of Partners At This Biglaw Firm
(DBN)

Law grad salaries rise as big firms up their hiring
(DBN)

The Discrimination Women Litigators Face In The Courtroom Isn’t Likely To Go Anywhere Soon
(DBN)

Yes, You Can Be A Breastfeeding Mom And A Trial Attorney At The Same Time
(DBN)

Biglaw Firm Kindly Asks You To Stop Pointing Out That Their Client Cages Children
(DBN)

Want that 'A' in Law School? It Helps If Your Professor Looks Like You
(DBN)

The 10 Law Schools With The Most Expensive Out-Of-State Tuition
(DBN)

Cadwalader Can't Call Legal Experts In Malpractice Trial
(DBN)

It’s Never Too Early for Associates to Build a Personal Brand
(DBN)

Trump lawyers seek to narrow scope of Mueller's interview • Trump's lawyers issue counteroffer to Mueller as he seeks to interview the president • Attorneys Confirm Counter-Offer To Mueller's Office On Potential Trump Interview • Giuliani: Negotiations with Mueller over Trump interview will be over by September 1 • Obstruction questions still on table for Mueller-Trump interview, Giuliani says • Trump says he wants to talk to Mueller. Well, it's Mueller time • Nunes Admits Collusion Can Be A Crime • Ben Shapiro: Trump shouldn't talk to Mueller • Mueller Likely To Subpoena Trump If He Continues To Dodge Interview • Giuliani calls for Mueller to end probe as Trump team rejects interview request • Giuliani Essentially Tells Mueller Trump Will Only Meet Him In The Boardroom, Before Sweeps, If Mueller Promises To Be Nice • Giuliani: This Case Isn't Going To Fizzle, It's Going To Blow Up On Mueller • Rudy Giuliani's expectations game
(DBN)

Manafort trial Judge TS Ellis taunts and torments Mueller team: 'Tears in your eyes' • The Manafort trial judge keeps yelling at prosecutors. That's not good news for the defendant • Judge Nap Calls Out Manafort Judge: Stop Making This About You • Judge’s Latest Outburst About the Snail-Paced Manafort Trial Is Pure Gold • Income was disguised to help Manafort, tax preparer says • Manafort's former accountant fired from firm after testifying • Star witness testimony ends under attack by ex-Trump aide Manafort's lawyer • In Manafort Trial: 'The Secret Life Of Rick Gates’ • Rick Gates Is Seen as ‘Despicable,’ But His Testimony May Doom Paul Manafort • IRS Agent Testifies Manafort Failed to Declare More Than $16 Million on Taxes • New Manafort Trial Witness Renews Spat Between Judge, Prosecutors • An Unsatisfying End to the Buzziest Part of Paul Manafort’s Trial
(DBN)

Stormy Daniels Libel Suit Against Trump Is Moved to Los Angeles
(DBN)

ABA Opposes Forced Arbitration Of Harassment Claims • Worried About a Harvey, Travis, or Roseanne at Your Company? Here’s What GCs Can Do • Office of Attorney Ethics Chief Faces Gender Discrimination Suit From Former Staff Lawyer
(DBN)

Thousands of families cross southern border despite "zero tolerance" • Here’s one way to help refugee families that won’t cost you a dime • MAWA? - White House adviser Stephen Miller now has his sights set on legal, not illegal, immigration • Judge to Hear Texas Challenge to DACA • ICE Crashed a Van Full of Detained Mothers and Misrepresented the Story Until They Got Caught
(DBN)

New Mexico compound suspects trained children to carry out school shootings • Man arrested at New Mexico compound is son of imam with possible ties to '93 WTC bombing
(DBN)

CBS' controlling shareholder is quietly shopping for a new CEO
(DBN)

No Legal Charges, but His $39,000 is Gone
(DBN)

Store Clerk Calls Police on Man for Being 'Black'
(DBN)

Video shows Nashville police officer fatally shoot man as he runs from traffic stop
(DBN)

Boy Handcuffed for Bouncing Basketball
(DBN)

Days of 'Stand Your Ground Laws' Numbered
(DBN)

California appeals court tosses ex-Stanford swimmer Brock Turner's bid to overturn assault conviction
(DBN)

It’s a Great Time to Be a Prison Landlord, Thanks to the IRS
(DBN)

Defense lawyers challenge 904 indictments issued by grand jury in single day
(DBN)

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Judges:

Key Senators Hit From All Sides In Kavanaugh Debate • NRA pledges $1 million on pro-Brett Kavanaugh ads
(DBN)

W.Va. Panel Votes to Impeach All State High Court Justices • Amid ‘atmosphere of entitlement,’ 4 remaining justices on top W.Va. court targeted for impeachment
(DBN)

Secret recording shows GOP's Nunes saying Rosenstein impeachment would delay Supreme Court pick
(DBN)

Supreme Court’s visible edits show misspellings and missteps; is there a ‘minuscule’ error?
(DBN)

Dumb Law School Professor Calls Supreme Court Justice Dumb • Law Prof Declares ‘Second-Rate Intellect’ Sonia Sotomayor Only on Supreme Court for Her ‘Latinaness’
(DBN)

Look At The Judicial Diva Getting All The Attention
(DBN)

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Wall Street:

US futures under pressure as the US-China trade spat intensifies • U.S. stocks poised to hold near records ahead of string of economic reports
(DBN)

U.S. stocks mixed at close of trade; Dow Jones Industrial Average down 0.18%
(DBN)

Morgan Stanley sees two ‘broken legs’ for stocks, heralding ‘significant market correction’
(DBN)

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Layoffs:

This startup is raising $750 million to outmaneuver Domino's and Pizza Hut with pizzas made by robots
(DBN)

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Politics:

Alex Jones gets scrubbed from internet, mercilessly destroyed on ‘Late Show’ • The Most Powerful Publishers in the World Don’t Give a Damn • Apple allows Infowars in App Store even though it banned Alex Jones podcast from iTunes • Alex Jones Wants Sandy Hook Parents' Addresses Released
(DBN)

FBI arrests GOP congressman on insider-trading charges • Paul Ryan boots GOP Rep. Chris Collins from House panel after insider-trading charges • GOP Rep. Chris Collins' insider trading arrest puts a deep-red seat on the House battlefield • "There's nothing preventing him from running," even after an arrest for insider trading • Rep. Collins says he will remain on the ballot despite indictment • Congressman Arrested For Insider Trading Immediately Pretends To Not Understand Insider Trading • Republican Knew He Was Under Investigation When Alleged Insider Trade Occurred • Trump backer Collins committed insider trading at the White House picnic, says DOJ • Indicted Rep. Chris Collins shows why members of Congress should not trade stocks
(DBN)

Americans have grown to hate presidents of the other party
(DBN)

Democrats' midterm prospects appear to brighten after elections in 5 states • Republicans Gird for House Battle as Ohio and Kansas Races Remain Close • Democrats outperformed in every special election this cycle • 'If we do not keep the majority, all of this goes away': Top Republican says he's worried about the midterm election, leaked audio reveals • On recording, Nunes says GOP needs to keep House to protect Trump: report
(DBN)

Ohio county finds hundreds of uncounted votes in already too-close-to-call special election
(DBN)

Georgia defends voting system despite 243-percent turnout in one precinct
(DBN)

Kamala Harris now betting favorite among Democrats for 2020 election
(DBN)

Green party spoiler candidate in Ohio election whose 1,100 votes could tilt outcome says his ancestors were from another planet and can't remember his own campaign website address
(DBN)

Down Goes Socialism
(DBN)

Rashida Tlaib is set to become the first Muslim woman in Congress
(DBN)

Kris Kobach won’t recuse himself from supervising a recount in governor’s race • Kobach refuses to recuse himself from election recount
(DBN)

Inside Trump’s Voter-Fraud Crusade - A Witch Hunt?
(DBN)

How Long Can Trump Play Good Cop, Bad Cop With North Korea?
(DBN)

Omarosa Secretly Recorded Trump and Played the Audio for People, Sources Say
(DBN)

Here’s who QAnon supporters actually are.
(DBN)

A Year After Charlottesville, the Alt-Right Movement Frays
(DBN)

U.S. orders new sanctions against Russia over chemical attack in Britain
(DBN)

Wilbur Ross For President
(DBN)

Charlottesville Repeat Fears Lead Virginia Governor to Declare State of Emergency for Anniversary Weekend • Judge orders Discord app to reveal identity of woman accused of encouraging Charlottesville violence
(DBN)

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Autos:

Judge issues rules for Reagor-Dykes Auto Group to use cash to operate • Lubbock attorney breaks down what's next for Reagor-Dykes court cases
(DBN)

The 'short burn of the century' Elon Musk promised months ago may have finally happened • Tesla's surging stock has cost short sellers $3 billion this month • Elon Musk's Tesla buyout would reengineer take-private deals • Elon Musk tweets that he’s secured funding to take Tesla private • OK, Where Is It? • Tesla still hasn't said where its secured financing is coming from — here's what that probably means • Elon Musk talked to Softbank about Tesla investment: report • Tesla Shareholders Could Be Getting A Good Deal If It Goes Private • Tesla's board says Musk started go-private talks last week • Tesla board endorses CEO Elon Musk's stunning plan to consider going private • Tesla board statement raises more questions about Elon Musk’s go-private plan • Why would anyone think Tesla would be better off if Elon Musk takes it private? • Elon Musk says he wants to take Tesla private — here are 5 reasons that makes sense • 5 reasons to bet against Elon Musk's plan to go private • How Tesla going private could affect demand for its electric cars • Tesla’s going-private proposal has analysts ‘as confused as anyone else’ • Tesla 'not going private anytime soon': Piper Jaffray • Tesla likely to face SEC investigation following Musk tweets amid debate of market manipulation • Musk’s plan to take Tesla private while allowing outside shareholders would prove cumbersome • Everyone — including fast-food chains and beer giants — is tweeting 'funding secured' to mock Elon Musk
(DBN)

If you invested $1,000 in Tesla in 2010, here’s how much you’d have now
(DBN)

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Economy:

Wall Street doubts recent pledge of top Fed officials that central bank can keep balance-sheet reduction plan
(DBN)

Productivity is slowly rising, but not wages
(DBN)

U.S. Job Openings and Labor Turnover Survey Since 2001
(DBN)

U.S. companies’ sales growth is accelerating — here are the biggest winners
(DBN)

National deficit grew 20% last year, partially due to Trump tax cuts • U.S. debt set to be twice economy if Congress extends current policies
(DBN)

US, China announce newest round of tariffs as Trump's trade war shows no sign of slowing down • Companies' Calls Growing More Urgent on How to Navigate Latest Trade Sanctions • Stocks slip as China announces new tariffs of US goods, Disney shares fall • China hits back with fresh tariffs against the U.S., preps for protracted battle • Concern in Arkansas town highlights trade fears in US states • Trade-war tracker: Here are the new levies, imposed and threatened • China slaps 25% tariffs on $16 billion worth of US goods • US sets date for additional $16bn in tariffs on China products • China slams Trump's 'mobster mentality,' promises $16 billion counter-punch as trade war escalates • China Doesn’t Want to Play by the World’s Rules • Trump refuses to discuss US-China strategy at private business dinner • This trade war-sensitive commodity is about to rip higher • South Carolina TV Maker Closes Over Tariffs • Trump's Planned Duties on Chinese Art Panned by Dealers, Museums • Chinese tariffs on US gas exports may shift the global market • U.S . Oil Vanishing From China Tariffs Reveals American Clout • Steel Tariffs Hitting Auto Parts Suppliers • Companies Laying Off Workers Over Tariffs • Stat of the Day: 0.2%
(DBN)

As Trump, Peña Nieto rush to finish NAFTA, oil industry faces loss of key protection • U.S., Mexico target NAFTA cars agreement by week's end
(DBN)

A combination of factors will see federal agencies trying to spend as much as 40 percent of their budgets in the final two months of the fiscal year
(DBN)

What Americans say they do at work when they aren't working
(DBN)

Downsizing is fast becoming the only option for debt-ridden retirees
(DBN)

Barney Frank on His Great Recession Regrets
(DBN)

The most expensive (and cheapest) states for the rich
(DBN)

Millennial women may be on a path to financial disaster
(DBN)

Black women have to work an extra eight months to make the same wages as white men
(DBN)

Immigration raids in Nebraska, Minnesota target businesses
(DBN)

Buybacks Could Hit $1 Trillion This Year: Goldman Sachs
(DBN)

Gig Economy: “What Have We Done?”: Silicon Valley Engineers Fear They've Created a Monster
(DBN)

World Population Growth Visualized (1950-2100)
(DBN)

How the Great Recession destroyed the American Dream
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Interests Held by the Bankruptcy Estate: Can Contingent Interests Go Poof?
(DBN)

Home prices rise at the fastest pace in more than four years, defying expectations of a pullback
(DBN)

Another consequence of high college costs: Foreclosure
(DBN)

Leading Index for Commercial Real Estate Increases in July
(DBN)

Housing Sours Suddenly. It Won't Come Back Any Time Soon.
(DBN)

MBA: Mortgage Applications Decreased in Latest Weekly Survey • Mortgage Rates and Ten Year Yield
(DBN)

Renting has spiked in America’s 50 largest cities over the last decade • The Places in America Where All Your Salary Goes to Rent • Who Rents Their Home in America? Here’s What the Data Says.
(DBN)

Las Vegas Real Estate in July: Sales Up 4% YoY, Inventory up Slightly YoY
(DBN)

Bottom's up: Here are 10 markets projected to see depreciation
(DBN)

A goat herd is helping Trump pay tens of thousands of dollars less in property taxes on his New Jersey properties
(DBN)

SEC accuses Palm Beach developer, partner of misusing millions in island hotel project
(DBN)

ID: AG can pursue Hathaway suit
(DBN)

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Municipalities:

Puerto Rico Public Safety Dept. warns it won’t be able to cover payroll in March
(DBN)

Judge sides with Oversight Board against Puerto Rico governor
(DBN)

Puerto Rico government’s Treasury Single Account continues to grow
(DBN)

Deal reached over Puerto Rico sales tax bonds • Puerto Rico reaches deal with creditors to restructure sales-tax bonds
(DBN)

Puerto Rico fiscal board, gov: Deal with Cofina bondholders reached • COFINA Senior Bondholders Coalition Aligns with the Oversight Board and AAFAF on COFINA Restructuring Terms • Key parties reach COFINA deal
(DBN)

Puerto Rico sends costlier reconstruction plan to U.S. Congress
(DBN)

Chicago's case for issuing pension bonds
(DBN)

Fort Worth Working To Fix Pension Fund Before Bankruptcy
(DBN)

CA: Lemon Grove mentions disincorporation amidst financial squeeze
(DBN)

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Oil/Gas:

U.S. oil closes at nearly 7-week low as U.S. inventory data whack market • Oil prices retain sharp losses after EIA inventory report • Crude slumps as trade war overshadows drop in U.S. inventories
(DBN)

Oil futures find footing after Wednesday's slump
(DBN)

Clean energy is catching up to natural gas
(DBN)

The Shale Boom That Will Never Happen
(DBN)

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Movie Theaters:

MoviePass parent Helios & Matheson's stock hits another record low
(DBN)

How movie theaters are surviving big tech
(DBN)

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IT:

Extreme Networks’ stock suffering worst day in 18 years after another revenue miss
(DBN)

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Food/Beverage:

Hostess shares nosedive 17% after earnings miss, profit warning and Walmart pullback • Walmart is giving less shelf space to Twinkies. Hostess falls 16%
(DBN)

The Twilight of the Celebrity Chef
(DBN)

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Education:

Only 20% of US kids study a language in school—compared to 92% in Europe
(DBN)

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Debt Collection:

Federal Judge Rules Against CFPB in Suit Against Debt Collection Law Firm
(DBN)

Arizona Supreme Court Addresses Statute of Limitations for Debt Buyer
(DBN)

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Furniture:

Casper And Mattress Firm Seem To Be Going In Opposite Directions • As Mattress Firm struggles, Casper plans to open 200 mattress stores across the US
(DBN)

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Taxis:

Cramming Down a Taxi Medallion Loan in Chapter 13
(DBN)

NYC moves to rein in Uber with cap on ride-hail vehicles • In major defeat for Uber and Lyft, New York City votes to limit ride-hailing cars • NYC votes to cap ride-hailing cars and set minimum driver wage • New York City Just Changed the Uber Game
(DBN)

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Tech:

Maker of inexpensive 3D printers, files for bankruptcy
(DBN)

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Newspapers:

Trump’s Newsprint Tariffs Hasten Local Newspapers’ Demise
(DBN)

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Retailing:

Court approves Toys ‘R’ Us settlement with creditors and lenders
(DBN)

From Claire’s to Abercrombie & Fitch, Where Are the Mall Stores Now?
(DBN)

Here’s the Toys R Us Rebranding That Never Saw the Light of Day
(DBN)

Retailer Gump’s Files Chapter 11; Hilco, Gordon Brothers to Manage Liquidation of Merchandise
(DBN)

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New Bankruptcy Opinions
(8 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (15 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (14 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:

Companies Spending Less Time in Bankruptcy : Fitch • Shrinking Timeline for U.S. Bankruptcies is a Boon for Creditors, Report Finds
(DBN)

Bankruptcy Soars Among Elderly as Inequality Deepens • The link between more seniors filing for bankruptcy and the unraveling social safety net
(DBN)

Companies Bankruptcy Prediction by Using Altman Models and Comparing Them
(DBN)

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Automatic Stay:

5th Circuit: Misrepresentations Made to Bankruptcy Court Estop Plaintiffs from Claiming Stay Violation
(DBN)

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Standing:

9th Circuit BAP: Debtor Lacks Standing to Appeal Order Reopening Bankruptcy Case
(DBN)

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Bankruptcy Crimes:

UST: Bankruptcy and Bankruptcy Fraud
(DBN)

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Insurance:

Pyrrhic Victory in Palmaz: Creditors Entitled to D&O Insurance Claims, but not D&O Insurance Payouts
(DBN)

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Exemptions:

NY Bankruptcy Court Holds Inherited IRAs Are Not Protected
(DBN)

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Sales:

Creditors Not Required to Share Sale Proceeds to Pay Taxes
(DBN)

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Litigation:

Common Litigation Funding Agreements Not Ethical, NYC Bar Says
(DBN)

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Healthcare:

U.S. doctor's group opposes merger of CVS and Aetna
(DBN)

Once Its Greatest Foes, Doctors Are Embracing Single-Payer
(DBN)

Why your health-care costs are so high — even if you’re insured
(DBN)

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Climate:

California just had its hottest month on record
(DBN)

Unprecedented devastation of California's wildfires • Battling 18 blazes, California may face worst fire season • Historic California Wildfires at Serious Risk of Spreading Further • Fannie, Freddie extend forbearance to California wildfire victims • The scale of the California wildfire • Yosemite Closed Indefinitely As California Fires Grow To Largest In History • California's fire losses likely to set record
(DBN)

The global heat wave as seen by satellites, airplanes, and weather stations
(DBN)

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Cryptocurrency:

The total value of all cryptocurrencies just plunged to a 2018 low--$600 billion cut from its record
(DBN)

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Travel:

On U.S. Planes, the Dogs Are Winning
(DBN)

S-- toys cause closure of airport terminal
(DBN)

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Mass Torts:

Bankruptcy judge OKs Oakfabco's liquidation plan withdrawal, but blasts lawyers; Oakfabco requests mediation
(DBN)

Jurors mull 'day of reckoning' in Roundup cancer trial
(DBN)

The Trump Administration Is Not Bringing Back Asbestos
(DBN)

EPA official hits back at critics of asbestos proposal
(DBN)

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Electricity:

As California Burns, PG&E Turns to Cravath, Wilson Sonsini and Quinn
(DBN)

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Corporate Governance:

Chancery Provides Comprehensive Explanation of the Broad Scope and Flexibility of its Equitable Remedial Powers
(DBN)

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Auto Racing:

Force India F1 saved from bankruptcy by rival driver's father
(DBN)

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Celebs:

Bethenny Frankel: Many 'Real Housewives' stars 'can't afford the lives they're living' • Real Money Woes ! Bethenny Frankel Shades Broke 'RHONY' Co-Stars
(DBN)

Brad Pitt disputes Angelina Jolie's child support claims
(DBN)

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UK:

Pound plunges to 2018 low amid fears of a "no deal" Brexit
(DBN)

MPs pressure FRC to publish BHS report
(DBN)

Katie Price takes to Instagram to break silence • What happens if Katie Price is formally declared bankrupt? • Where did it go wrong for Katie Price? Inside her financial worries as she fights to avoid bankruptcy • This is how Katie Price lost her £40million fortune • Katie Price hilariously upstaged on latest bikini shoot - as she battles to save herself from bankruptcy
(DBN)

Crisis-hit council expected to cut vital services after being effectively declared bankrupt
(DBN)

UK's Homebase to close around 60 stores
(DBN)

The Share Centre to take on clients of failed UK broker Beaufort-PwC
(DBN)

The EU is preparing to offer a major Brexit concession to Theresa May • Conservative Brexit rebels will block Theresa May from crashing out of the EU without a deal • The Outsider Who Will Decide If Brexit Is Good for Britain
(DBN)

Creditors could determine House of Fraser's fate today • House of Fraser fate could be settled today as 3 buyers bid for ailing retailer • Who is House of Fraser's Yuan Yafei?
(DBN)

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MENA:

Canada Asks Allies for Help with Saudis • Saudi Arabia is selling off its Canadian assets as row intensifies, report says • Saudi Trainee Doctors Set to Head Home From Canada in Diplomatic Row • Canada's Trudeau refused to back down as Saudi Arabia ups the ante in ongoing human rights fight • Saudi fund managers ordered to liquidate their Canadian assets as feud escalates • All you need to know about the escalating diplomatic row between Saudi Arabia and Canada • Saudi dispute poses 'real economic impacts that will bite': MacKay
(DBN)

More than 150 rockets were launched from the Gaza Strip overnight and Israel retaliated with deadly airstrikes • IDF says war in Gaza approaching, communities near Strip could be evacuated
(DBN)

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China:

Elderly Woman Gets Plastic Surgery to Look 20 to Escape Creditors
(DBN)

China’s Belt and Road projects drive overseas debt fears
(DBN)

China consumer inflation rises to 4-month high
(DBN)

Trump's pressure on trade may force China to act faster on reforms, analysts say
(DBN)

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Venezuela:

Venezuela In Crisis: Biggest Risk To Maduro Is Cash And Vanishing Oil
(DBN)

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Argentina:

$160 million corruption scandal in Argentina roils its financial markets
(DBN)

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Russia:

Photos of Abandoned Russia
(DBN)

Russian ruble drops to 21-month low as further sanctions spell trouble
(DBN)

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