July 13, 2018

The Daily Bankruptcy News

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Law:

Elite Firm Eviscerates Going Market Rate, Offers Starting Salaries Of $215K
(DBN)

Ex-partner who blamed ‘drunken stupor’ for attempted deposit of firm funds reportedly seeks $5M
(DBN)

14 of 19 Vermont Law professors lose tenure, retention chair tells professors’ organization Law School Facing ‘Financial Exigencies’ Strips 14 Professors Of Tenure
(DBN)

Prospective Law Students Like The LSAT
(DBN)

Slaughters sues ex-client for unpaid fees of $2.16 million
(DBN)

Was Law School Worth It? (Part III)
(DBN)

Magic Circle partner assaulted me, lawyer tells parliament
(DBN)

Former Deputy Attorney General and Bankruptcy Litigator Thomas J. Francella Jr. Joins Cozen O’Connor’s Wilmington, Delaware Office
(DBN)

Sometimes Slow And Steady Wins The Race
(DBN)

'Just another victory notch in Putin's belt': FBI official Peter Strzok testifies before the House Judiciary Committee in a high-stakes hearing FBI agent, GOP chairman get into shouting match in fiery 15-minute exchange "I don't give a damn what you appreciate" Where Strzok Hearing Went Off the Rails FBI agent clashes with GOP at hearing on Russia probe Strzok says he doesn't recall writing "We'll stop" Trump text Former Trump campaign boss Manafort no longer a 'VIP' as he gets new jail, prison jumpsuit Trump calls out Sessions over FBI lawyer Lisa Page's no-show at Congress
(DBN)

Michael Cohen Purchases New York City Apartment for $6.7 Million
(DBN)

Prosecutors drop criminal case against Stormy Daniels hours after arrest Cops claim arrest stemmed from a 'human trafficking' probe
(DBN)

Employers Shouldn’t Be Able To Fire Employees Because They Angered The President
(DBN)

Justice Department reopens investigation into 63-year-old murder of Emmett Till
(DBN)

Trump Administration Says All Eligible Young Migrant Children Have Been Reunited 46 'Ineligible' Children Still Separated From Families Trump Administration Plans to Ask Court to Approve Choice for Migrant Parents Dems introduce bill to abolish ICE
(DBN)

Rep. Jordan's Boss Said He Knew of Abuse
(DBN)

Justice Department will appeal AT&T-Time Warner ruling
(DBN)

Alabama governor redirects some inmate food cash; will it stop sheriffs from keeping the leftovers?
(DBN)

Cop draws gun on black teens after apparently bogus 911 call
(DBN)

Police shed light on cop who quit after Puerto Rico flag shirt dispute Man who berated woman over Puerto Rico shirt charged with hate crimes
(DBN)

Iowa Supreme Court says alleged harassment by former county attorney didn’t merit ouster
(DBN)

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Judges:

Supreme Court nominee Brett Kavanaugh racked up serious credit card debt. Don't be like Brett Love of baseball contributed to significant credit card debt for Supreme Court nominee The Mystery of Brett Kavanaugh’s Baseball-Ticket Debt Kavanaugh's Excuse for His Crippling Debt Fox pundit says Kavanaugh is pro-Obamacare. Is he? Democrats Rally Against Threats To The ACA To Block Trump’s Supreme Court Nominee What It Means to Be From Brett Kavanaugh’s Washington Kavanaugh's Female Clerks Tout His Advocacy for Female Lawyers Brett Kavanaugh 'Looks for Ways to Rule for Employers' Brett on the Bench: Lawyers Describe What It's Like Arguing Before Kavanaugh Kavanaugh praised Rehnquist’s stand against unenumerated rights in Roe v. Wade dissent 5 Flashpoints For The Supreme Court Nomination Of Judge Brett Kavanaugh Sen. Mitch McConnell Wants Democrats To Stop Trying To ‘Bork’ Kavanaugh Big Law Plays Key Roles in Kavanaugh Confirmation Fight
(DBN)

Retired Bankruptcy Judge James F. Queenan Dies
(DBN)

Federal Court Nominees From Buchanan, Dilworth Disclose Firm Pay
(DBN)

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Wall Street:

US futures fluctuate as major banks report earnings and trade woes subside U.S. stock futures on pause with big bank earnings in the wings
(DBN)

U.S. stocks higher at close of trade; Dow Jones Industrial Average up 0.91%
(DBN)

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Politics:

'No plans to double our defence budget,' Trudeau says I hate to say it, but Trump is right about Canada’s military spending Trump isn't the only president to push NATO allies to spend more on defense. Obama and Bush did, too John McCain blasts Trump’s NATO performance and warns that 'Putin is America’s enemy' French President Macron rejects Trump's claim that NATO allies agreed to increase defense spending Trump leaves European allies spinning after NATO summit Trump’s tough NATO talk is ‘all theater’: Retired Army colonel Trump Reaffirms Commitment to NATO After Strained Emergency Meeting Trump FactCheck: "The United States was paying for anywhere from 70 to 90 percent of (NATO), depending on the way you calculate." As Trump twists NATO’s arm, let’s run the math on defense spending What new NATO funding did Trump secure? FactCheck: NATO Spending Is Already Up
(DBN)

Tracking Trump
(DBN)

Dem Sen. Coons: Pump the brakes on "free health care"
(DBN)

Why Republicans Acquiesce to Trump’s Politics of Destruction
(DBN)

North Korea doesn't show up to DMZ talks with U.S.
(DBN)

Democrats Are Gaining Ground in House Midterms
(DBN)

US Commerce Secretary Wilbur Ross says he will sell all of his stocks after ethics office letter
(DBN)

Trump reportedly wants to repaint Air Force One to look 'more American'
(DBN)

Donald Trump's trade war with China could make political sense in key US states
(DBN)

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Education:

Students cry for debt relief after for-profit college collapse, while executives admit no wrongdoing
(DBN)

St. Gregory's University bankruptcy : auction today for SGU property
(DBN)

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Accounting:

It’s Funny How Companies See Clearly Without GAAP in Their Eyes
(DBN)

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Retailing:

Trade War: This Retailer Could Be Caught in the Crossfire
(DBN)

Availability rate of U.S. warehouses has fallen for 32 straight quarters
(DBN)

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Maritime:

Container leasing market under pressure as carriers cut back
(DBN)

The trade war's impact on shipping has been limited so far, industry experts say
(DBN)

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Advisors:

What Does McKinsey Have To Do To Make A Few Tens Or Hundreds Of Millions Of Dollars Around Here?
(DBN)

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Awards:

David A. Crichlow has been appointed co-chair of the Litigation Section's Bankruptcy and Insolvency Committee for the American Bar Association
(DBN)

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Economy:

Consumer prices rise at the fastest pace in 6 years U.S. Consumer Price Increases Are Eating Away Worker Wage Gains Key Measures Show Inflation increased YoY in June BLS: CPI increased 0.1% in June, Core CPI increased 0.2% Your paycheck is officially shrinking
(DBN)

Fed official: 'We could end up getting behind if we don’t keep moving things up'
(DBN)

Personal Loans Now Fastest Growing Consumer Debt
(DBN)

US weekly jobless claims fall to a two-month low Weekly Initial Unemployment Claims decreased to 214,000
(DBN)

Economists Think U.S. Unemployment Is Headed to a 50-Year Low
(DBN)

US budget deficit totals $74.9 billion in June Deficit Jumps in Trump’s First Fiscal Year
(DBN)

Some GOP Senators Want to Slash Gas Taxes — and Federal Highway Spending
(DBN)

The Dirty Dozen Sectors of Global Debt
(DBN)

Rust spots emerge in US manufacturing surge
(DBN)

Trump's trade war with China is about to start hitting the goods you buy most Microsoft could move some jobs abroad because of US immigration policies, top exec says How the Trade War with China Will Affect the U.S. Trade War With China in Aisle 12 China's trade surplus with US hits a record as exporters rush to beat tariffs New tariffs threatened by the US would be more harmful to China than the first batch, says bank CEO Treasury Secretary says Harley-Davidson's decision to move jobs likely planned before Trump's tariffs 65 percent of CFOs told CNBC the trade war will hurt their companies, and Congress noticed Trump's tariffs are unlikely to cause a recession because they are leaving the most important part of the economy alone USDA Forecasts Larger-Than-Expected Soybean Stocks Trump’s Trade War With China Pierces the Heart of Michigan Trump Administration's Tariffs Starting To Trickle Down To Small Communities Baytown steel plant denied steel tariff exemption Honda: 'Ironic' for tariffs to punish foreign automakers for investing in U.S. Google and Facebook could be caught in the US-China trade war U.S., China Say They Are Open to Talks Amid Escalating Trade War As Trade War Persists, Mnuchin Says China Talks Have ‘Broken Down’ The Trade War End Game From seafood to mattresses: How the U.S. tariffs affect businesses U.S. soybean farmers hope trade war with China ends soon Trump's new round of China tariffs could hit some MAGA hats Is Trump Calling The Shots On Trade? Some Think So Senators blast Trump's 'reckless' tariffs, warn of impact on farmers, businesses House Speaker casts doubt on Congress acting to stop trade tariffs GOP Sen. Grassley nervous about 'detrimental' effects of trade war GOP braces for Trump tariff pain Congressional Republicans Struggle To Push Back On Trump's Tariffs GOP growing nervous Trump’s policies will plunge party into peril Escalating U.S.-China trade war puts soybean farmers on shaky ground Mnuchin Plays Down Impact of Tariffs Mnuchin rejects fears that US waging ' trade war ' Mnuchin: No evidence tariffs, trade spats having negative impact Fed Chair Jerome Powell says trade policies complicate economic outlook Guggenheim's Minerd Says Tariffs Will Deepen Recession by Raising Inflation
(DBN)

Trump sending top team to Mexico to woo next president
(DBN)

Forbes Calls Trump an Economic Traitor
(DBN)

Trade war may steer tax cuts' windfall to even more buybacks
(DBN)

Jim Millstein Sees ‘Perfect Storm’ for Recession
(DBN)

Morgan Stanley expects the inverted yield curve — harbinger of recession — in 2019
(DBN)

Universal basic income would cost the US up to $3.8 trillion per year — Bridgewater estimate
(DBN)

Income inequality is getting worse in the U.S. Key findings on the rise in income inequality within America's racial and ethnic groups Blacks no longer America's most economically divided racial group Income Inequality in the U.S. Is Rising Most Rapidly Among Asians
(DBN)

Here's how much more the typical baby boomer makes than the typical millennial in every US state
(DBN)

Hotels: Occupancy Rate decreased Year-over-Year
(DBN)

Halfway Through 2018, These 20 Cities' Cost Of Living Is Rising Fastest
(DBN)

Experts surprised by Millennial credit scores
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Why so many families are renting, not buying, homes
(DBN)

NY Times: Lumber tariffs contributing to rising home prices
(DBN)

The housing shortage may be turning, warning of a price bubble
(DBN)

Sales of Luxury Homes Across the U.S. Up 25% in June
(DBN)

Sacramento Housing in June: Sales Down 3.1% YoY, Active Inventory up 26% YoY
(DBN)

Brad Pitt's Hurricane Katrina homes are rotting, leaking and caving in
(DBN)

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Municipalities:

Puerto Rico's bankrupt utility is leaderless after pay scandal Majority of Puerto Rico power utility board resigns Puerto Rico utility directors resign, alleging political interference Incoming PREPA CEO, majority of board, resign over executive pay Salary controversies, resignations churn turmoil at Puerto Rico power company Puerto Rico Erupts at $750,000 Pay for CEO at Bankrupt Utility
(DBN)

FEMA says it underestimated devastation Hurricane Maria would have on Puerto Rico
(DBN)

Judge rejects Civil Rights Commission petition for human rights approach to Puerto Rico debt restructuring
(DBN)

Puerto Rico Hurricane Maria Puerto Rico's fossil fuel power plants fared better than solar and wind, say feds
(DBN)

Can Trump Country Withstand a Teachers' Uprising?
(DBN)

Municipal Bonds Are in Firing Line When Economic Growth Run Ends
(DBN)

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Oil/Gas:

Oil Rattled by Trade War Sets Price on Course for Weekly Slump Trade war fears depress oil prices
(DBN)

Some See Career Conundrum in Law Firms' Energy Work
(DBN)

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Whistleblowers:

J.P. Morgan whistle-blower is awarded a record $30 million from U.S. derivatives regulator
(DBN)

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Healthcare:

Emergency Room Operator Neighbors Legacy Holdings And Affiliates File In BK SD TX: Petition, 20 Largest First Day Dec New Chapter 11 Filing - Neighbors Legacy Holdings Inc.
(DBN)

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Movie Theaters:

MoviePass stock is 19 cents but the boss says everything is fine
(DBN)

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Food/Beverage:

Necco’s new owner sued for failing to make final purchase payments
(DBN)

What to expect from new Garces Group owner, Ballard Brands, in Philadelphia

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Nuclear:

The Downfall Of U.S. Nuclear Power
(DBN)

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Pharma:

Trump just claimed a win after striking a deal with Pfizer, but it could have zero impact on prescription drug costs
(DBN)

1.6 Billion Opioid Doses Poured Into Missouri Over 6 Years
(DBN)

Some Drugmakers Are Canceling Price Hikes – but Not Because of Trump
(DBN)

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Aviation:

Delta cuts profit outlook as fuel costs surge
(DBN)

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New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (73 new filings today)
(DBN)

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
(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:

Bankruptcy filings drop nationwide but remain highest in the nation in Alabama, Tennessee and Georgia
(DBN)

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Plan Confirmation:

Cramdowns and the Uncertain Efficient Market Post-'Momentive'
(DBN)

Raising the Bar for Bad Faith, the Ninth Circuit Reverses Votes Designation
(DBN)

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Trade Creditors:

Business Owners Shifting Risks of Failure to Trade Creditors: Solutions are Needed
(DBN)

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Bankruptcy Remoteness:

Fifth Circuit Affirms Shareholder Veto of Chapter 11 Petition
(DBN)

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Autos:

Tesla factory workers reportedly drank Red Bull, walked through raw sewage to meet Model 3 quotas Elon Musk Tesla: Hell For Elon Musk Is A Midsize Sedan Elon Musk: Genius or Used Car Salesman?
(DBN)

Tesla confirms 200000th delivery, tax credit to phase out
(DBN)

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Media:

Bustle Owner Bryan Goldberg Wins Bankruptcy Auction for Gawker.com Gawker.com sells to Bustle co-founder Goldberg in bankruptcy court The 35-year-old founder of Bustle and Bleacher Report reportedly just bought Gawker.com for $1.35 million, and Hulk Hogan is entitled to a cut of the sale
(DBN)

Facebook won’t ban InfoWars in its fake news purge — a site that says 9/11 was staged and the moon landing was fake
(DBN)

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Entertainment:

Weinstein Co. Board Members to Step Down Friday Bob Weinstein to Step Down from The Weinstein Company Board
(DBN)

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Currency:

The Fight Over Mt. Gox’s Bitcoin Stash Mt. Gox Crypto Battle Continues To Rage Over Who Gets Lost Bitcoin Funds
(DBN)

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CDS:

Engineered Defaults Are ‘Wrong Side of Line,’ FCA Chief Says
(DBN)

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Personal Finance:

Find Your Passion’ Is Awful Advice
(DBN)

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Fraud:

Shkreli Loses Part of E-Trade Account to Pay Fraud Fine
(DBN)

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Mass Torts:

Jury orders J&J to pay nearly $4.7 billion in Missouri asbestos cancer case
(DBN)

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Banking:

JPMorgan beats, profit jumps 18%
(DBN)

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Hotels:

Pere Marquette bankruptcy case rolls on
(DBN)

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Celebs:

Lil Kim Pleads with Judge in Bankruptcy to Spare Her New Jersey Mansion
(DBN)

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Lehman:

The Boom and Bust of Lehman Brothers Is Dramatic, but Not Good Theater
(DBN)

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UK:

U.S. Banks Could Lose Out Under U.K.'s Brexit Plan London Furious with Brexit Plan for Finance Even Theresa May’s Soft Brexit Is Gonna Be Pretty Hard On The City Britain's May pledges to deliver on 'Brexit' as critics and Trump wonder what's next Theresa May had a plan in place for Brexit. Then Donald Trump landed Even May's UK opponents are backing her against Trump President Trump says Boris Johnson would 'make a great prime minister' Trump tornado hits the U.K. Brexit is Tearing Britain Apart Trump Isn’t Getting The Brexit He Wanted
(DBN)

Trump says Theresa May's Brexit plan will 'kill' a US-UK trade deal in explosive interview In UK, Trump throws fuel onto Britain's fiery political debate over Brexit Trump: soft Brexit will 'kill' UK's chances of US trade deal Trump lands in the UK, unleashes assault on Theresa May Sterling skids as Trump says trade deal hopes are dead
(DBN)

Trump Arrives in U.K. as Protesters Prepare to March Trump to be feted, and mocked mercilessly in U.K. Three-Fourths of British Public Dislikes Trump: Poll Trump says he's popular in UK President Trump says UK protests make him feel 'unwelcome' ‘Embarrassing’ Trump told Ireland is not part of UK Trump says the 20-foot-tall angry baby blimp flying in London makes him feel 'unwelcome' Trump is stomping on European views of immigration to score political points with his base at home London mayor says the UK is not afraid to call out Trump: ‘We think you’re wrong’ Trump dishes up fresh dose of chaos aimed at May, Londoners Red carpet rolled out for Donald Trump and Melania as Theresa May welcomes them for gala dinner on the first night May's Government Teeters, Trump Gives Shove British MPs Outraged at Trump's Broadside Against May Trump's Betrayal of England Trump blasts U.K. leader on Brexit, lauds rival, says Europe "losing" it's culture
(DBN)

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Canada:

Interest rate hike could be 'tipping point' for debt-laden Albertans
(DBN)

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China:

China's 1st bike-sharing bankruptcy case won't affect sharing economy: analysts
(DBN)

China’s Effort to Control Debt Loses Steam
(DBN)

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MENA:

Abraaj liquidators are unable to find key financial statements Some investors want new Abraaj review, potentially delaying key sale
(DBN)

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