February 23, 2018

The Daily Bankruptcy News

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Law:

Sorry Clients: Higher Law Firm Billing Rates Really Do Pay Off
(DBN)

Latham & Watkins Makes History with $3 Billion in Revenue Latham exceeds $3B mark to set a revenue record Behold: The First Firm To Crack $3 Billion In Revenue
(DBN)

Sidley Austin tops law firm billionaire club
(DBN)

Biglaw Summer Programs Continue To Shrink, With 43 Percent Of Firms Making Fewer Offers
(DBN)

Entry-Level Law Firm Hiring Stagnated in 2017, Survey Says
(DBN)

Law Firms Remake Their Legal Services Model
(DBN)

Sheppard Mullin Posts 27th Straight Year of Revenue Growth
(DBN)

 

Pregnant Attorney’s Disabilities Bias Win Upheld
(DBN)

The Law Firm Disrupted: How Predictable Can Litigation Get and How Fast?
(DBN)

When #Altlaw Is Bad, It Is Truly Horrid
(DBN)

Shearman & Sterling Shakes Up Leadership
(DBN)

Pattern Of Disruptive Behavior Gets Lawyer Disbarred
(DBN)

With Some Very Busy Thumbs, Munger Tolles' Martin Estrada Manages His Day
(DBN)

Mueller's New Charges Scar Skadden
(DBN)

Only 23 percent of recent law grads strongly agree their education was worth the cost, study says Pathetic Percentage Of Law Grads Say Law School Was Worth The Cost
(DBN)

Ogletree Deakins faces another suit, this time alleging sex discrimination
(DBN)

Juror tells judge he didn’t want to convict Martin Shkreli’s BigLaw lawyer
(DBN)

The ‘Trump bump’ for law school applicants is real and significant, survey says
(DBN)

Look At The Latest Law School Proudly On Team GRE
(DBN)

Crybaby Law Professor Quits Twitter In A Huff Over UChicago Immigration Slur Debacle
(DBN)

Armed officer on the Florida high school campus did nothing to stop the shooter 'Heartbreaking,' 'infuriating': Military veterans weigh in on the deputy who resigned over his actions in the Parkland school shooting Armed police are guarding the home of the deputy who resigned over his lack of action in the Parkland school shooting Clarence Thomas on the 2nd Amendment Trump lays out 3 big changes to gun laws he will 'strongly' push Congress to enact Armed teachers, background checks and age limits: Read Trump's ideas to stop school shootings What Does Trump Actually Think About Gun Control? Timeline of Gun Control Laws in America Trump: Gun free zones are "like going in for the ice cream" for school shooters Trump Goes All In on Turning Teachers Into Rambos Arming Teachers Is a Bad Idea Trump defends the "Great American Patriots" at the NRA Trump's loyalty to the NRA diminishes hopes for stronger gun control Wayne LaPierre: ‘They hate the NRA, they hate the Second Amendment, they hate individual freedom’ LaPierre's Cynical Exploitation of Outrage First National Bank of Omaha and car rental company Enterprise bail on the NRA after customer outcry Top Military Officials Support Gun Reform How Russian trolls exploited Parkland shooting online State pensions and fund companies feel heat over their investments in gun makers Church To Hold Blessing For AR-15s How Colorado Beat the NRA on Gun Control The Swiss Love Guns, Just Not Gun Massacres States Mull Gun Seizures from People Deemed Dangerous What I Saw Treating the Parkland Victims Should Change the Gun Debate
(DBN)

Bah Gawd! That’s Don McGahn’s Music! CPAC gives White House counsel Don McGahn a pass How Don McGahn Has Become the Worst White House Counsel Ever White House Counsel Reveals The Secret Of Trump’s Judicial Selection Process
(DBN)

New charges unsealed against Manafort as his latest bail offer is rejected Paul Manafort now facing raft of bank, mortgage fraud charges Rachel Brand: Didn't Quit Over Mueller Probe Gates plea deal becomes less likely
(DBN)

Big Law’s Moment in Corporate America’s #MeToo Reckoning Harvey Weinstein’s Lawyers Dare To Use Meryl Streep To Impugn Women’s Sexual Misconduct Claims This Week In Weinstein World: A Buyout, Another Lawsuit And Clapbacks From Oscar-Winning Actresses
(DBN)

Trump threatens to yank immigration enforcement from California
(DBN)

Lawyer Charged With S------- Abusing Dog (And Heroin And Crack, But Mostly The Dog Thing)
(DBN)

Ex-Foley & Lardner Partner Gets 3 Years For Insider Trading
(DBN)

The Indictment of Eric Greitens Missouri Gov. Eric Greitens indicted for invasion of privacy charge
(DBN)

I Do Not Think That Word Means What You Think It Means
(DBN)

Man Drives Car Into Hospital, Sets Self On Fire
(DBN)

Cybercrime 'pandemic' may have cost the world $600 billion last year
(DBN)

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Judges:

Hartford Man Sentenced to 5 Years in Prison for Threatening Bankruptcy Judge, Lying to Federal Investigators
(DBN)

McGahn Spikes Football On Judges at CPAC Judicial Picks Key to Deregulation, Reining in Bureaucracy, White House Counsel Says White House Counsel Reveals The Secret Of Trump's Judicial Selection Process
(DBN)

Ex-Judge Gets 5 Yrs For Fraud, Soliciting Ex-judge sentenced for soliciting compromising photos was investigated by the FBI in the 1990s
(DBN)

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Wall Street:

US stocks set for a positive open amid lingering higher rates fears Dow futures climb toward another winning day, with more Fedspeak ahead
(DBN)

U.S. stocks end mostly higher, but biotech weighs on Nasdaq Nasdaq closes lower for fourth straight day, S&P 500 hangs on to slight gain
(DBN)

Goldman says options-market activity suggests pain ahead in these sectors
(DBN)

Forget the Fed and just ‘follow the money’ to decipher what’s happening in stocks
(DBN)

Nearly half of hedge-fund investors think the stock market has peaked
(DBN)

Volatility Is About to Return as Central Banks Taper
(DBN)

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Layoffs:

Cayuga Centers laying off up to 120
(DBN)

Centrica is cutting 4,000 jobs
(DBN)

Harte Hanks to lay off 460
(DBN)

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Autos:

States to forego most of $650M legal settlement with Takata Nebraska among states forgoing funds from $650 million Takata settlement US to forego most of $650 mn legal settlement with Takata Takata Reaches Settlement With States Over Airbags Takata agrees to $650-million settlement over air bags but will pay only a fraction of it
(DBN)

Faraday Future Paid Its Execs Well While Nearly Going Bankrupt
(DBN)

Tesla Is 'Structurally Bankrupt ' But So Are GM And Ford
(DBN)

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Healthcare:

Iron County Hospital Files for Bankruptcy
(DBN)

El Paso Children's Hospital reports continued decline in revenue
(DBN)

The Democratic mainstream floats its single-payer plan
(DBN)

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Student Debt:

Bankruptcy Laws for Student Loans Are Under New Consideration
(DBN)

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Weather:

California Drought Area Tripled in 3 Months
(DBN)

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Economy:

U.S. jobless claims drop 7,000 to 222,000, reclaim 45-year low
(DBN)

New Fed chair Powell weighs in on the interest rate debate
(DBN)

The depressing reason most Americans are making more money
(DBN)

Duy's Fed Watch: "Fedspeak Reiterates Gradual Path"
(DBN)

Kansas City Fed: Regional Manufacturing Activity "Continued Solid Growth" in February
(DBN)

Most Americans are in the dark about their tax bill, but think Trump's plan won't help
(DBN)

Wilbur Ross wants to turn the moon into an outer space "gas station" Pence Wants US Business in Space Astronaut: Trump's plan for the space station a huge mistake
(DBN)

Commerce Secretary Ross, who called raising gas taxes a 'horrible idea,' says Trump is considering a hike
(DBN)

Art Cashin: Once the 10-year yield hits 3% 'all hell' could break loose
(DBN)

Head of world’s largest hedge fund says U.S. in a ‘pre-bubble phase’ with a 70% chance of recession
(DBN)

Muni bonds face 'steep decline' ahead, challenging Trump's infrastructure plan
(DBN)

We Trash NAFTA, Mexico Buys Brazil Corn
(DBN)

Australian prime minister readies trade, infrastructure pitch for Trump
(DBN)

Department of Defense says unfair steel and aluminum imports are a risk to US national security
(DBN)

This Is What Life Without Retirement Savings Looks Like
(DBN)

There's a hidden risk lurking under the surface of the economy — and income inequality is to blame
(DBN)

Zombie companies walk among us
(DBN)

Jeffrey Gundlach trolls Treasury’s Mnuchin about wage inflation in tweetstorm
(DBN)

Hotels: Solid Start for Occupancy Rate in 2018
(DBN)

U.S. companies are posting faster sales growth even before Trump tax cuts
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Economist: Housing market should be fine with rising mortgage rates
(DBN)

Homebuyers face tough spring market ahead
(DBN)

Homeowners are using rental income earned through Airbnb to refinance their mortgages
(DBN)

Most expensive home ever sold in NYC goes for $100M
(DBN)

Household Mortgage Debt as Percent of GDP
(DBN)

FHA expands on foreclosure relief for 2017 disaster victims
(DBN)

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Municipalities:

Puerto Rico should rebuild power from scratch: US Fed official
(DBN)

Island targets storm-death doubt
(DBN)

Baupost's Puerto Rico Debt Holdings Targeted in Campus Protests
(DBN)

Government Bankruptcies: Needs of Citizens Take Priority Over Creditor Claims (Assured Guaranty v. Puerto Rico)
(DBN)

The failing tax haven of Puerto Rico
(DBN)

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Oil/Gas:

US shale investors still waiting on payoff from oil boom
(DBN)

Uresti, Cain found guilty on all charges in end to salacious month-long fraud trial
(DBN)

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Tech:

Almost half of parents think their kids are addicted to tech
(DBN)

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Currency:

Fed’s Dudley says there’s a ‘speculative mania’ in the cryptocurrency market
(DBN)

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Politics:

Top WH lawyer details Trump admin's 'larger plan' to shrink regulatory state
(DBN)

Pence warns conservatives: Pelosi and 'motivated' Democrats could take back Congress
(DBN)

Winner-take-all electoral college system is unconstitutional, say suits led by Boies
(DBN)

PA: Voting Map Now at Supreme Court
(DBN)

Trump's chief of staff and national security advisor may quit soon over tensions with him
(DBN)

Why You Shouldn’t Be a Russiagate Skeptic
(DBN)

After a surprise bill, a former White House official discovered every passenger who boards Air Force One is expected to pay for food — even if they don't eat
(DBN)

Democratic tension on display in California
(DBN)

GOP rattled by Pennsylvania congressional race in the heart of Trump country
(DBN)

Democrats Use Dark Money and Win Too
(DBN)

Illinois governor drinks chocolate milk to demonstrate his commitment to diversity
(DBN)

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Retailing:

Why Toys R Us may not make it out of bankruptcy
(DBN)

Is Toys ‘R’ Us nearing the point of no return?
(DBN)

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Guitars:

S&P Downgrades Gibson Guitar as ‘Imminent Threat’ of Bankruptcy Nears
(DBN)

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Fraud:

Wife of Mamtek’s Cole shut down during court hearing
(DBN)

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Cybersecurity:

SEC issues new guidance on cybersecurity disclosure
(DBN)

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Electricity:

Utility to pay millions to preserve abandoned reactor site
(DBN)

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Maritime:

Rescued Singapore Shipbuilder Buckles Under Debt Woes
(DBN)

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Corporate Governance:

There's one common trait in many business failures
(DBN)

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New Bankruptcy Opinions
(1 new opinion today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (22 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (2 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 Remoteness:

Bankruptcy Remoteness Going to a Court of Appeals
(DBN)

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TBTF:

Make bank bankruptcy great again, says US Treasury
(DBN)

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Celebs:

Jay-Z racked up an $80,000 bar tab and left an $11,000 tip
(DBN)

Mark Cuban Fined $600,000 for Comments
(DBN)

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Autos:

Takata agrees to settle investigation over deadly air bags
(DBN)

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Corporate Reform:

'The SEC Has a Big Problem Now' After Broad Whistleblower Protections Curbed
(DBN)

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Food/Beverage:

How might Tops' bankruptcy affect stores and customers?
(DBN)

Five investors will have a big say in Tops' future
(DBN)

Romano’s Macaroni Grill Emerges from Chapter 11 Protection
(DBN)

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Footwear:

Charlotte Olympia Files for Bankruptcy Protection in the United States
(DBN)

Bankrupt Aerosoles notches $26 million sale of intellectual property
(DBN)

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Education:

Perilous times for black colleges
(DBN)

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Debt Collection:

ACLU says courts ordering consumers arrested, jailed at bidding of debt collection companies
(DBN)

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Biofuels:

Trump calls meeting on biofuels policy after refiner bankruptcy
(DBN)

Cruz Calls for Ethanol Overhaul at Protest
(DBN)

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UK:

Barclays' female employees get paid half as much as males
(DBN)

How Would you Survive your Customer's/Supplier's Insolvency ?
(DBN)

Is the restaurant trade “dining out”?
(DBN)

UK bank RBS reports first annual profit in a decade
(DBN)

Barclays CEO, who warned of major volatility spikes, now names the next potential crisis for markets
(DBN)

Theresa May's attempt to please everybody on Brexit will end up pleasing nobody Theresa May is preparing to make a major U-turn on EU citizens' rights ahead of Brexit
(DBN)

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PIIGS:

Top Greek court backs key bailout-linked development project
(DBN)

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MENA:

Saudi Arabia approves landmark bankruptcy law How confident are investors with the new Saudi bankruptcy law?
(DBN)

Debt-ridden workers can't leave Kuwait
(DBN)

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China:

Chinese regulator seizes control of Anbang Chinese regulator seizes control of Anbang Insurance with its chairman prosecuted for 'economic crimes'
(DBN)

HNA Unit Avolon Strengthens Creditor Protections Against Parent
(DBN)

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Australia:

Billabong urges acceptance of Oaktree bid as first-half loss widens Billabong's H1 loss widens more than 40%
(DBN)

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India:

A million Indian phones go silent as a cash-starved service provider gasps for survival Future of 5,000 Aircel employees hangs in balance as company looks to shut down services Aircel's network issues, bankruptcy, other details: 10 things to know
(DBN)

The Ethics of Trump Jr.'s India Adventure
(DBN)

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Mozambique:

Mozambique Willing to Negotiate With Creditors
(DBN)

Lazard Finalizing Plans With Mozambique for Creditor Meeting
(DBN)

Mozambique to propose debt restructuring plan to creditors
(DBN)

Mozambique to Table Restructuring Plans After 2017 Default
(DBN)

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South Korea:

Watch GM and Be Afraid for South Korea's Carmakers
(DBN)

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