February 26, 2018

The Daily Bankruptcy News

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Law:

A Day In The Life Of A High-Powered Biglaw Dad At An Elite Firm
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TX Law School Debt Charts
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The Most Important Law Firm You’ve Never Heard Of
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5th Circuit Blocks Ruling Forcing Lawyers to Turn Over Client Communications The Opinion
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Shearman & Sterling Targets Baker Botts Oil and Gas Lawyers as It Prepares to Open Houston Office
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Vinson & Elkins Posts Second Consecutive Record Year in 2017
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Greenberg Traurig Turns Up the Heat on Growth Plan
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Former BigLaw partner gets prison time in insider trading scheme Former Biglaw Partner Sentenced To Over 2 Years In Jail For Insider Trading
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Out of Focus: Lawyers and Firms Can No Longer Ignore Dementia
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Please Tell Me That You Don’t Use Facebook
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Debtors Beware: Social Media Knows Where Your Assets Are Buried
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Man who murdered/dismembered fellow law student files for Habeas Corpus
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The Reason You Are In The Situation You Are In
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New York Is Officially GRE Country
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White House Legal Team Considers Ways Trump Could Testify Democrats release memo countering GOP claims of FBI surveillance abuse Confused About the Trump-Russia Probe? Read This Memo Top Democrat offers a simple explanation that undercuts Republicans' central argument that the FBI acted illegally White House slams "politically driven" Dem memo Democratic Rep. Adam Schiff brought receipts Read the Dems' rebuttal memo Paul Manafort got caught allegedly committing bank fraud because he didn't know how to convert a PDF to a Word document Paul Manafort Struggling With PDF Documents Is All of Us Mueller Flips a Third Ex-Trump Aide Latest Mueller indictment spells trouble for bankers, too Yes, Obama Mishandled Russia Hacking Too Former European leaders struggle to explain themselves after Mueller claims Paul Manafort paid them to lobby for Ukraine
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Manafort's LA bankruptcy fight may offer new avenue for Mueller probe
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Tipster’s Warning to F.B.I. on Florida Shooting Suspect: ‘I Know He’s Going to Explode’ Here are all the brands that have cut ties with the NRA following gun-control activists' boycotts Amazon is getting slammed for streaming NRA TV after the Florida shooting NRA's Worst Nightmare is Now Here Delta and United scrap airfare discounts for NRA members Bank of America says it will talk to gunmakers about how to stop mass shootings Months before Florida shooting, 911 calls show a teenager in crisis Multiple armed officers hung back during Florida school shooting, reports say Trump says it's 'up to States' to decide whether to arm teachers in schools You Realize Arming Teachers Is Going To Lead To Black Students Getting Murdered By Their Teacher, Right? US gun manufacturers have produced 150 million guns since 1986 Rice: I Don't Want a Gun in My Class Florida school shooting: Sheriff got 18 calls about Nikolas Cruz's violence, threats, guns FL: Backs Raising Age to Buy Assault Weapons In Florida, a dramatic shift on guns NRA Lobbyists Behind Florida's Gun Laws Record Crowd Flocks To FL Gun Show Gov. Snyder: More Guns Not a Good Thing Gov. Scott: Major Changes After Shooting Combat Vets: Don't Arm Teachers, It's Dumb Trump’s New “Guns 4 Schools” Policy Is As Fiscally Responsible As His Other Policies Trump: Regulate Video Games, Not Guns Pence Joins Trump on Pushing Gun Control State pensions and fund companies feel heat over their investments in gun makers ‘I don’t understand why civilians need access to military weapons’ — Condoleezza Rice wants new dialogue on guns Fact-checking claims in the wake of Parkland school shooting Poll: Americans on Stricter Gun Control Trump tells CPAC that Democrats will ‘take away your Second Amendment’ Florida sheriff refuses to resign during heated CNN interview
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California agents are on the hunt for targeted guns
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Did #MeToo really bring a reckoning to the legal industry? Cruel and Unusual?—?My Story of Reporting Sexual Harassment in the Legal Field Weinstein Company to file for bankruptcy
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Texas Police Shoot Man Who Disarmed Church Gunman
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Missouri governor criticizes ‘reckless liberal prosecutor’ who charged him
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21 Red Cross staff fired or resigned for harassment
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NCAA Doubles Down On Comparing Student Athletes To Prisoners
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Same-sex couple sues federally funded refugee adoption agency for discrimination
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Trump: We Should Execute Drug Dealers
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Isidore Starr, known as the father of law-related education, dies at the age of 106
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Man riding horse along freeway busted for DUI
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Judges:

Amicus Policy Success in Impactful Supreme Court Decisions
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NY Atty, Judge Accused Of Stealing Over $4M From Trusts
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President Trump’s Eleventh Wave Of Judicial Nominees
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Wall Street:

Dow futures rise more than 100 points; Fed speakers in the spotlight US stocks set to post sharp gains at open amid economic, corporate news
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Dow rallies 347 points as stocks close higher for the week
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Hedge funds did something highly unusual during the market's recent meltdown — and it's a great sign for stocks
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Stocks could plunge another 25% if this happens, warns Goldman Sachs
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Layoffs:

'No Help Wanted': The Regulation and Elimination of Retail Positions
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TechnipFMC cuts more than 3,000 jobs
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Buffett newspaper empire eliminates 148 jobs
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UAMS to cut 124 additional jobs
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HTC confirms US layoffs
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Politics:

'Painfully stupid': Former Republican National Committee chairman Michael Steele responds to racial insult hurled at him during conservative conference
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'When I wake up, I don't know what he's going to tweet about': Nikki Haley offers a revealing take on Trump's social-media habits
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Corey Lewandowski returns to the Oval Office
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Kushner Has Real Problems with Clearance
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CPAC: Trump's Wildest Speech in Months CPAC speaker Mona Charen stuns with fiery rebuke of Trump, Le Pen Going Rogue at CPAC: Mona Charen Slams Sexist Hypocrisy and Racism at CPAC; Calls invitation of Le Pen a 'Disgrace' Conservative Columnist Trashes CPAC… At CPAC CPAC Speaker Needed Security Escort After Criticizing Trump
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Donald Trump, a 1950s man
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RNC started paying Trump campaign's rent in Trump Tower after covering legal bills for Russia probe
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Kasich: This May End the Two Party System
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Sanders Pedaled False Story on Russian Trolls
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CA: Democrats Won't Endorse Feinstein
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Trump Golf Club Settles with Angry Members
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Cybersecurity:

New York is quietly working to prevent a major cyber attack that could bring down the financial system
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Autos:

Harvey Set Record for Destroying Vehicles
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Tesla, GM Buyers to Lose $7,500 Tax Credit
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Celebs:

Lisa Marie Presley sues former manager for $100 million after announcing massive debt
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Guns:

Remington misfire? Morgan out $1M as gunmaker faces bankruptcy, low employment
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A cloud hangs over the gun industry
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Awards:

Flatley named to College of Bankruptcy
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Class 29 Induction Ceremony & Related Events
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Art:

Judge grants gallery owner Rebekah Jacob more time to prove she's broke
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Economy:

Markets watching for a steady hand in Powell as he navigates Congress for the first time
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Fed on track for 3 rate hikes in 2018, but 4? No sign in report to Congress
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Fed could start to look at new policy frameworks later this year, Mester says
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Fed’s Dudley says balance sheet should be at least $2.9 trillion
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Fed report reflects mysteries over its core mandate: the jobs market and prices
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Wall Street’s simmering inflation worries are premature
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Why 3.5 Million in Prime Years Don't Work
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Fed Worries About Next Downturn
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Experts Question Feds' Crisis Bond Buying
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Washington's Fight Over Taxes Just Beginning
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Warren Buffett says proceeds from the GOP tax law made up almost half of Berkshire Hathaway's gain in 2017 Warren Buffett: Trump tax cuts a "huge tailwind" for businesses
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Infrastructure Plan is $1.3 Trillion Short
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The Price of Admission to America's 1%
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GOP tax law has significant bugs, and Dems aren't anxious to help fix them This is Not Normal: Glitches in New Tax Law
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White House Power Struggle Over Tax Law
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Warren Buffett: No luck finding companies to buy at a ‘sensible’ price Buffett: $116 Billion in Cash, Nothing to Buy
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Buffett: Accounting Rules to Distort Earnings
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Here’s a straightforward retirement income strategy for workers with no pension
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This Is What Life Without Retirement Savings Looks Like
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How Rich are the Rich?
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Inside the White House trade fights
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Mulvaney Says U.S. Can Outgrow Higher Spending, Debt Costs
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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:

The Alleged $1.2 Billion Ponzi Scheme Sapping L.A.'s Trophy-Home Market
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The Highest Property Taxes in the U.S. Are Rising Again
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Municipalities:

The NYC Fiscal Crisis of the 1970s Has Some Important Lessons for Today
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Economists Call for Moratorium on Puerto Rico's Public Debt
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The labor market is improving in Puerto Rico and the Virgin Islands
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Muni Lowdown
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Oil/Gas:

The PES Bankruptcy
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Saudi oil minister hopes OPEC, allies can ease output curbs in 2019
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Low oil prices claim developer of citrus-based oilsands extraction method
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3 Surprising Outcomes Of Higher Oil Prices
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Seadrill, creditors file joint restructuring plan -court filing
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Trump should be great for oil and gas. He’s not.
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Media:

What Went Wrong at Newsweek? Probe Widens Into Newsweek's Finances, Ties to Bible College
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Peter Thiel’s campaign to destroy Gawker was reportedly inspired by a mysterious ‘Mr. A’
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Public radio stations to relaunch shuttered DCist, Gothamist local news sites
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Agriculture:

Freeze leaves California's almond growers fearing 'significant' damage
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Travel:

A frequent flier reveals the two words that will always get you an upgrade to first class
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Entertainment:

Weinstein Co. to File for Bankruptcy After Deal Collapses Weinstein Co. Says It Will File for Bankruptcy Weinstein Company expected to file for bankruptcy The Weinstein Company to pursue bankruptcy as talks with investors collapse Weinstein Co. Sale Talks Collapse: No Choice But to Pursue Bankruptcy
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Swiss chocolatier sues Weinstein Company
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Taxis:

Studies: Uber, Lyft Causing Major Congestion
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Fraud:

More allegations in Priceville Partners bankruptcy
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Days before bankruptcy, Dallas fraudster used trust fund to buy $857K Highland Park home
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Uresti's political, legal career unravel fast following felony conviction
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Student Debt:

Trump administration may make it easier to wipe out student debt in bankruptcy
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Department of Education Considering Student Loan Bankruptcy Rule Changes
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Black students are hit hardest by student debt
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Student-Debt Firms Protected From State Probes Under Trump Plan
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Maritime:

Rescued Singapore Shipbuilder Buckles Under Debt Woes
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Retailing:

Charlotte Olympia Files For Bankruptcy In U.S., Closing All Stores
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To Survive a Challenging Future, Shopping Malls Look to the Past
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Retailers Rejoice, the Almighty Dollar's Not So Mighty
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Hotels:

ME: High-end inns, restaurants in Portland, Camden to declare bankruptcy
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Currency:

Nearly Half of 2017's Cryptocurrencies Failed
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Aviation:

Trump wants his personal pilot to lead FAA
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Electricity:

Higher power bills? How a SCANA bankruptcy could affect ratepayers, South Carolinians
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Toys:

Fitch sends Mattel's credit rating deeper into junk bin
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New Bankruptcy Opinions
(9 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Chapter 7, 12 & 13 Private Trustee Locator
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Recent Ch. 11 Filings (21 new filings today)
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Recent Ch. 11 Adversary Proceeding Filings (10 new filings today)
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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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Bankruptcy Jobs:

(1) (2) (3) (4) (5) (6) (7) (8)
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2017-2021 Calendar of Bankruptcy & Insolvency Events
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Bankruptcy Statistics:

Retail Chain Ch. 11 Filings 2016-2018
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Distressed Investing:

TransCare Trustee Targets Tilton Over Bankruptcy
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Litigation:

Is litigation management software hitting a tipping point?
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Eligibility:

Checking-In: Chapter 9, Chapter 11 or Ineligible?
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TBTF:

Treasury's bankruptcy plan would mean more, not fewer, bailouts
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There's still no good way to let a big bank fail
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Exemptions:

Can a Trucker Use “Homestead” To Exempt His 18-Wheeler with a Sleeping Compartment?
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Discharge:

Raise Fraud in State Court Or Else “Waived” Later for 523?
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Miscellaneous:

RDW Weekly round-up
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Banking:

Citi Refunding $335M to Credit Card Holders
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Healthcare:

Trump's newest plan to undercut Obamacare could cause a disaster for many Americans
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Millennials Fattest Generation In History
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Education:

How this tiny college dodged a tax on endowments
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Travel:

Emotional support dog injures young girl on Southwest flight
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Delta passengers were trapped on runway for 12 hours — but did they get compensation?
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Sports:

Worst Rated Olympics Ever Why (almost) no one wants to host the Olympics anymore
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Religion:

Chileans lose faith as Vatican scrambles to contain abuse scandal
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US donors balk at pope's request for $25M for Rome hospital
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Graham Built a Movement, Son Tears It Down
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Personal Finance:

How to overcome awkward silence in a job interview
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Pensions:

GE Cuts $2.4 Billion Off Pension Deficit
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Food/Beverage:

5 things to watch in the Tops bankruptcy
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Denver restaurant chain emerges from bankruptcy
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Biofuels:

The Ethanol Debate Matters, But Is Unlikely To Change
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Labor:

Public-sector unions prepare to be kneecapped at the Supreme Court
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Corporate Governance:

Chancery Explains Stockholder’s Rights to Obtain Corporate Records
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UK:

Barclays Investment Bank Paying Men Twice As Much As Women To Lose It Money
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EU Tells May, Make Up Your Mind or Else
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Toys R Us UK could go bust soon after desperate talks to find a buyer break down 3,200 workers face losing their jobs
(DBN)

Tank-chasing lawyer Phil Shiner is forced to sell his house
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Full TUPE protections should not apply to Carillion employees, says UK minister
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PIIGS:

Greece Braced for New Round of Talks with Creditors
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Mexico:

After testy call with Trump over border wall, Mexican president’s plan to visit White House is shelved Trump's rocky dealings with Mexico could have consequences much more severe than a few canceled visits
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Pakistan:

Pakistan’s on the verge of bankruptcy? Nation may require 13th bailout since 1988 to shore up finances
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Venezuela:

Venezuela Oil Workers: We Are Dying
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India:

Race for Essar Steel hots up
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Only A Miracle Can Now Save Aircel Two top executives quit debt-laden Aircel
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Overhaul Of Stressed Assets Resolution.
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MENA:

New Saudi Bankruptcy Law ... A Boon for SMEs?!
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Credit where it's due: Saudi's new bankruptcy law could boost investment
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Eurocom says creditors approve Saidoff buyout offer
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China:

Anbang’s Rescue Is China’s Too-Big-to-Fail Moment
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Three China Insurers Found Violating Investment Rules
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South Africa:

Eight Gupta firms seek insolvency protection in South Africa
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