July 17, 2018

The Daily Bankruptcy News

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Law:

Biglaw Firm Makes A Lackluster Entry Into The Associate Compensation Game Another Biglaw Firm Gets In On The Associate Raise Action, Though Details Are Sparse Associates Get Raises, Special Counsel Get The Shaft
(DBN)

2017 Was A Very Good Year For The Am Law 100
(DBN)

Show me the money! London law firm partners celebrate skyrocketing profits
(DBN)

ABA amicus: DC Circuit should reject bankruptcy trustee's claim on 'unfinished business' profits Hindsight Is 20/20 For Former Biglaw Chairman Involved In Scandal Firms Have No Claim to 'Unfinished Business,' ABA Tells DC Court
(DBN)

Ex-King & Spalding Attorney's Counsel Seeks Exit Over Unpaid Bill
(DBN)

The Legal Department Goat Rodeo
(DBN)

Which War for Talent?
(DBN)

How 2 nights of s------ and anger over the repercussions led to the ouster of Latham’s leader
(DBN)

Woman Is Assaulted While Visiting Law School
(DBN)

State appellate court suspends Goshen bankruptcy attorney from practicing law
(DBN)

Taking the Bar Exam as a 46-Year-Old Law Professor
(DBN)

How the Russians broke into the Democrats' email, and how it could have been avoided Trump resists Mueller interview, leaving decision on subpoena before fall elections Unpacked: Will Trump testify in Mueller’s Russia investigation? No, Rosenstein Should Not Be Impeached Legal Experts Say Manafort Could Be Cutting Plea Deal as Judge Suddenly Delays Proceedings Russian woman arrested in Washington, accused of acting as Russian government agent Mariia Butina, Woman Who Sought ‘Back Channel’ Meeting for Trump and Putin, Is Charged as Russian Agent The Justice Department just charged a Russian with trying to infiltrate the NRA Russian student with NRA link is accused of acting as agent of foreign government Scott Walker Met With Female Russian Spy Alleged Russian Operative Maria Butina Hung Out with Conservative Sheriff David Clarke Charged Russian Maria Butina Reportedly Bragged She Helped Trump Campaign Alleged Russian Operative Maria Butina Met with American Political Operatives in 2016 Americans Know Where They Stand On The Mueller Investigation Putin laughs and waves aside Mueller's indictment of Russian intelligence officers during interview
(DBN)

White Man Threatens Family Over Anti-Trump' Yard Sign
(DBN)

Internal FBI survey shows eroding faith in leadership
(DBN)

BigLaw firm takes on p--- infringement, says Prenda Law was a different, ‘malicious’ animal
(DBN)

Can Lawyers Ethically Store and Transmit Client Info in the Cloud?
(DBN)

Law firms climb aboard the AI wagon
(DBN)

It Looks Like IBM Is Still Trying To Build A Robot Lawyer One Publicity Stunt At A Time
(DBN)

Lawyer is suspended after apparent s-- with client is caught on courthouse security camera Lawyer Fondled by Client in Court Conference Room Suspended
(DBN)

Lawyer Suspended for False Advertising, ‘Gross Incompetence’
(DBN)

5 ways to impress everyone you meet
(DBN)

Police Now Believe 71-Year-Old Man Made Suicide Look Like Homicide by Tying Gun to Weather Balloon
(DBN)

Judge on Trump administration’s immigrant reunification efforts: ‘HHS either does not understand the court’s orders or is acting in defiance of them’ Federal Judge Orders Temporary Halt to Deportations of Recently Reunited Migrant Families A Baby Was Separated From Her Uncle at the Border. Three Months Later, Her Mother Is Still Trying to Get Her Back. Honduran Can't Be Deported Until She's Reunited With Child US Now Spending $1 Billion to Detain Kids Do Illegal Immigrants Have Rights?
(DBN)

Tourists charged with stealing bricks from Auschwitz
(DBN)

Minnesota Murderer Runs For U.S. Senate From Prison
(DBN)

Muslim Children Asked to Leave Public Pool Over Unwritten 'Rule'
(DBN)

City Council Candidate Arrested After Allegedly Posting Topless Pic of Wife on Campaign Site
(DBN)

Suspected Serial Killer on the Loose in Houston
(DBN)

Husband tries to kill wife with ant poison: Police
(DBN)

Two Great Crime Series For Hot Summer Nights
(DBN)

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Judges:

Vacancy Announcement - Law Clerk to the Honorable Michele J. Kim
(DBN)

Miami Judge Who Used Racial Slurs Is Stepping Down
(DBN)

ABA president says Trump order could politicize the process of hiring administrative law judges
(DBN)

How Kavanaugh’s Last Confirmation Hearing Could Haunt Him Sanders Fact Check: Supreme Court nominee Brett Kavanaugh’s opinion that a president "may decline to enforce a statute . . . when the president deems the statute unconstitutional" is "contrary to 200 years of Supreme Court precedent." Yale Law's millennials and gen-X lead attack on one of their own
(DBN)

How the Supreme Court Popularity Contest Got Out of Control
(DBN)

Federal Judge Creates Huge First Amendment Problem By Forcing LA Times to Change Story
(DBN)

With another Supreme Court pick, Trump is leaving his mark on higher federal courts
(DBN)

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Wall Street:

Tech stocks set to sink on Tuesday after rough evening for ‘FANG’
(DBN)

Stocks close mixed as earnings season ramps up Stocks close mixed as earnings season ramps up
(DBN)

How much you can hope to earn on Wall Street, based on your degree
(DBN)

A handful of Big Tech stocks are rescuing the stock market
(DBN)

Goldman Sachs to name David Solomon CEO on Tuesday, replacing Lloyd Blankfein: Sources Goldman Sachs names David Solomon as CEO
(DBN)

The stock market is about to set a bearish record
(DBN)

There are 'tremendous storm clouds on the horizon' for markets: Guggenheim's executive chairman
(DBN)

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Layoffs:

Artificial intelligence will create as many jobs as it destroys, according to a PwC analysis
(DBN)

RRAD loses 300 more jobs
(DBN)

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Politics:

Putin made Trump wait an hour before their summit in a move that's both a power play and a backhanded compliment Here’s where Trump has been tough on Russia — and where he’s backed down Trump and Putin's love-in: U.S. president calls Russian leader's denial of election meddling 'very powerful' then rants about Hillary's emails and his own victory Former CIA director asks what Trump is 'hiding' by meeting with Putin alone Trump walks into a 'Russian trap' even before the Putin meeting started: Ex-US ambassador Trump says summit off to 'a very good start' after two-hour meeting with Russian leader Vladimir Putin Trump and Putin: what we know is damning Putin declares Cold War 'a thing of the past' as he calls for extending missile treaty Putin falsely says Russia never interfered in US politics Donald Trump winks at Vladimir Putin in extraordinary exchange during his high-stakes Helsinki summit? Trump softens tone on Russian gas pipeline Pelosi: Russia has something on Trump, explains 'his refusal to stand up to Putin' at summit Putin Denies Having Any Compromising Information On Trump EU official urges Trump, Putin not to destroy global order
(DBN)

Trump declines to denounce Putin over election meddling at summit, blames 'both countries' Appearing With Putin, Trump Questions Finding of Russia's 2016 Meddling America's top spy issues forceful response after Trump sides with Putin over the US intelligence community: 'We have been clear in our assessments of Russian meddling' Trump backtracks in first statement after wild Putin press conference, saying he has 'great confidence' in his intelligence team President says Putin denial of election interference was ‘powerful’ 'An absolute disgrace': Republicans blast Trump for his 'disgusting' press conference with Putin Even Conservative Media, Trump's Usual Defenders, Struggle To Explain Helsinki ‘Treasonous’ Trump and ‘Putin’s poodle:' Scathing headlines follow the Trump-Putin summit Republicans in Congress, the American intelligence community and overseas allies are squirming after Trump’s comments at Putin summit Trump officials embarrassed by Putin show Trump aides face calls to resign after president’s appearance with Putin McCain: Trump 'Abased Himself' Before 'Tyrant' Putin An unprecedented refusal to believe his own intelligence agencies Trump’s extraordinary press conference was not normal At Helsinki summit, Trump defers to Putin at expense of U.S. security Trump has taken Putin's side. His stability and America's safety are now in question Trump was asked who he believes more, Putin or US intelligence: 'Putin just said it's not Russia ... I don't see any reason why it would be' Trump Sides With the Kremlin McCain blasts Trump for 'one of the most disgraceful performances by an American president in memory' in extraordinary, blistering statement Trump to meet with members of Congress after Putin summit criticism Lindsey Graham slams Trump for Putin press conference, says it was a 'sign of weakness' GOP congressman: 'The ghost of Reagan is probably mad as hell' The End of All Illusions Paul Ryan criticizes Trump over Putin press conference: 'The president must appreciate that Russia is not our ally' Rand Paul says he 'absolutely' stands by Trump after Russia summit, blames outrage on 'Trump-derangement syndrome' GOP lawmakers react to Trump-Putin summit: lots of condemnation, few concrete plans Top congressional Republicans sharply criticized President Donald Trump Monday after he cast doubt on Russian interference in the 2016 election "This is bizarre and flat-out wrong. The United States is not to blame," Sen. Ben Sasse, R-Neb., said 'Disgraceful,' 'Pushover,' 'Deeply Troubled': Reaction To The Trump-Putin Summit Daughter of US ambassador to Russia slams Trump's press conference with Putin: 'No negotiation is worth throwing your own people and country under the bus' Drudge Turns on Trump, Says Putin ‘Dominates’ Helsinki Fox's Neil Cavuto calls Trump's performance at press conference with Putin 'disgusting' Even on Fox, Trump’s Helsinki Performance Was ‘Ridiculous’ and ‘Surreal’ Let's See How Kellyanne Conway's Husband Is Holding Up After Trump's Meeting with Putin Donald Trump is the new Benedict Arnold, writes Rex Nutting Former CIA director says Trump's press conference with Putin was 'nothing short of treasonous' Former CIA director John Brennan said Trump's press conference with Putin was 'treasonous' — here's what legal experts say
(DBN)

Schumer outlines 4-step plan to stand up to Russia
(DBN)

This Is the Moment of Truth for Republicans
(DBN)

America's Geopolitical Suicide
(DBN)

Wilbur Ross Could Face Hefty Tax Bill After Pledge to Sell Stock
(DBN)

Trump's 'Art of the Deal' Co-Author Says the President Is Losing His Mind
(DBN)

Trump FactCheck: "The servers of the Pakistani gentleman that worked on the DNC" are "missing."
(DBN)

Former congressman Joe Walsh says Sacha Baron Cohen 'duped' him into supporting arming toddlers with guns Republicans claim Sacha Baron Cohen tricked them
(DBN)

Trump administration to seek direct talks with the Taliban
(DBN)

Is This the Year Arizona Finally Turns Blue?
(DBN)

One Country, Two Radically Different Narratives
(DBN)

Sacha Baron Cohen Owns GOP Gun Advocates All the notable people and politicians Sacha Baron Cohen has 'duped' for his new TV series, 'Who Is America?'
(DBN)

Warren slams mega-newspaper complex, Trump, Puerto Rico response in latest re-election appearance
(DBN)

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Economy:

Fed's Powell Presents Lawmakers With a Charm Offensive
(DBN)

Government Revenues Drop as Tax Cuts Kick In
(DBN)

We're nearly at zero: The US just passed another flashing-red indicator on the way to recession U.S. credit market fires warning about recession The bond market may be raising recession fears, but don't expect one anytime soon
(DBN)

Retail Sales increased 0.5% in June
(DBN)

Mortgages matter more than jobs to voters
(DBN)

Q2 GDP Forecasts Increased Following Retail Report Fed's latest GDPNow forecast: 4.5 percent — July 16, 2018
(DBN)

NY Fed: Manufacturing "Business activity continued to grow at a fairly brisk pace in New York State"
(DBN)

The long and the short of the workweek : Weekly hours of work by sector
(DBN)

UBS downgrades FedEx on trade war risks Why the market isn’t punishing the dollar amid trade-war worries IMF warns Trump trade war could cost global economy $430bn IMF: US Vulnerable in Trade Fight Arconic gets takeover interest, as tariffs take toll Whirlpool Wanted Washing Machine Tariffs. It Didn’t Plan for a Trade War IMF warns trade war imperils world growth, markets 'complacent' U.S. takes tariff fight against Canada to the WTO China files WTO challenge to Trump's US$200-billion tariff threat US Launches 5 WTO Challenges U.S. vs. China trade war likely to hit data center, IT spending Orlando's Correct Craft on front line of trade war 'Trying to keep the faith': Missouri farmers brace for Trump's trade war — and drought Farmers Fearful of Trade War Some manufacturers feeling trade war pinch: survey Cummins Inc. CEO: Trade War will Impact Jobs Prolonged Trade War Could Set Off a Market Slide, BlackRock’s Fink Says UBS: Investors are underestimating how much worse Trump's trade war might get — and how apocalyptic it could be for stocks How Much Damage Will Trump’s Trade War Do? These are the stocks a trade war could hurt the most Trade war could chill China’s growing investment in US economy Wall Street's $6.3 trillion man is worried about a trade war As trade war rages, Trump flags fly out of China factory Trade War and $247 Trillion Global Debt Are a Dangerous Mix Trade War and China's US Investment Plans Tariffs drive consumers to buy big items before prices hike Japan, EU sign trade deal to eliminate nearly all tariffs
(DBN)

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

Diplomats: We Can't Rely on America Anymore
(DBN)

Waters, Hensarling put forth massive bipartisan economic growth bill
(DBN)

Stock Buybacks Soar to Another Record
(DBN)

Krugmnan: The G.O.P.’s War on the Poor
(DBN)

Sovereign Wealth Fund Warning Light Is Flashing
(DBN)

The debt clock keeps spinning
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

More young families opt to rent instead of buy
(DBN)

These are the best and worst markets for first-time homebuyers
(DBN)

Foreclosure filing activity down nationwide
(DBN)

Jared Kushner’s family firm accused of pushing out tenants Kushner tenants: We were pushed out for luxury condo buyers New York launches probe into allegations of Kushner Cos. harassing tenants
(DBN)

Defunct Rolling Acres Mall lands new developer with $100 million plan
(DBN)

TX: Man behind Fannin County's Trident Lakes development files for bankruptcy
(DBN)

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Municipalities:

Judge upholds lawsuit seeking U.S. compensation for Puerto Rico bond losses Federal judge says hedge funds can sue over Puerto Rico debt Legal opinion raises prospect of federal payment of Puerto Rico bonds Federal judge rules in favor of bondholders on Puerto Rico debt
(DBN)

Why didn’t investors demand higher yields for buying Puerto Rican government bonds?
(DBN)

Puerto Rico's Electric Utility Is In Chaos, With Customers Still Awaiting Power
(DBN)

'The Poisoned City' chronicles Flint's water crisis
(DBN)

World’s Largest Megacities by 2100
(DBN)

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Oil/Gas:

Oil falls 3%, below $69, as Treasury says importers may get leeway to buy Iranian crude Oil Falls as Traders Anticipate Higher Supply Why oil prices are suddenly tanking
(DBN)

Oil stocks are getting whacked as Saudi Arabia reportedly offers buyers extra supplies
(DBN)

Louisiana oil recession leaves behind growing 'orphan well' list
(DBN)

Pacific Drilling says deal on restructuring 'tantalizingly close'
(DBN)

Houston's Tidewater buying GulfMark Offshore
(DBN)

Energy producer Exco sees bankruptcy potentially going into 2019
(DBN)

Former oil CEO charged with exchanging corporate favors for personal loans Oil Firm's Ex-CEO Banned by SEC Over Undisclosed Personal Loans
(DBN)

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Banking:

Cramer: Banks are 'making fortunes' but are still as hated as they were during the financial crisis
(DBN)

Citigroup looks stuck with a crisis discount
(DBN)

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Food/Beverage:

Papa John's further distances itself from founder, ejects him from headquarters
(DBN)

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Biotech:

Gene-editing stocks tumble on concerns about DNA damage
(DBN)

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Coal:

Coal Is Bucking Trade War, China's Demand Surges
(DBN)

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Climate:

Earth had its third-warmest June amid sizzling global records
(DBN)

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Bankruptcy Crimes:

Judge blasts Sunland Park council member
(DBN)

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Hotels:

TIME Nyack hotel in bankruptcy amid allegations of $1 million theft
(DBN)

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Radio:

Liberty Media Faces Competition For iHeart Bid
(DBN)

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Private Clubs:

Five-decade-old recreation complex to be auctioned in wake of bankruptcy
(DBN)

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Guns:

A Surprising Bid for Remington, and an Unsurprising Rejection
(DBN)

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Healthcare:

New Delaware Chapter 11 Filing – Active Care, Inc.
(DBN)

Ted Cruz's Plan to Finish Off Obamacare
(DBN)

Industry responds to Trump's drug plan with more finger-pointing
(DBN)

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Student Debt:

How much student loan debt is too much?
(DBN)

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Biofuels:

U.S. Poised To Ease Biofuel Quotas
(DBN)

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Mass Torts:

Delaware Supreme Court Affirms No Excess Coverage in GM Asbestos Cases
(DBN)

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Debt Collection:

FDCPA Caselaw Review for June 2018 12 July 2018
(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 (18 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (10 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:

Weekly Bankruptcy Claims Trading Activity
(DBN)

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Discharge:

Statement By Debtor About Single Asset Can Be Statement Respecting Debtor’s Financial Condition Under Bankruptcy Code Section 523(a)(2)(B)
(DBN)

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Valuation:

Valuation Disputes in Corporate Bankruptcy
(DBN)

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Retailing:

Gymboree Pins Post Bankruptcy Comeback Hopes on Better Merchandise
(DBN)

San Antonio Zoo’s efforts to ‘adopt’ Toys R Us mascot might be a stretch
(DBN)

Understanding Consignments in Retail Bankruptcies
(DBN)

U.S. retail sales rose in June for fifth month; May revised up
(DBN)

Jeff Bezos just became the richest person in modern history
(DBN)

Furious Amazon customers threaten to cancel their Prime membership as website crashes on its biggest shopping day of the year
(DBN)

Bankruptcy trustee wants financial documents from former Middletown Mall owner
(DBN)

Shareholders have to wait for news on Steinhoff debt restructuring plan
(DBN)

UK retailers’ pain is ominous for overseas peers
(DBN)

America Confronts the Retail Apocalypse: A Debate
(DBN)

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Autos:

Tesla shares fall after British diver mulls legal action over Elon Musk's baseless 'pedo guy' claim Tesla shares at worst in six weeks, at bottom of Nasdaq 100 Elon Musk's Twitter Rant Against Cave Rescuer Extreme Even for Him Musk's Latest Outburst Raises Questions Elon Musk outburst puts Tesla board on the spot
(DBN)

Ford Agrees To Pay $299.1 Mln To Settle Takata Air-Bag Lawsuit
(DBN)

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Healthcare:

Million-dollar health bills have spiked, and expensive drugs are playing a major role
(DBN)

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Entertainment:

Weinstein Co. completes $289-million sale to private equity company After Months-Long Death Rattles, the Weinstein Company Is Officially Kaput Weinstein Co. Saga Comes to an End as $289 Million Sale to Lantern Closes
(DBN)

Ron Burkle’s Yucaipa Sues Lantern For Fraud Over Weinstein Co. Sale Deal
(DBN)

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Soccer:

Italian Side Bari Drop to Amateur Leagues Due to Bankruptcy After Failing to Register for Serie B
(DBN)

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Newspapers:

Herald case underscores need for bankruptcy changes, Warren says
(DBN)

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Electricity:

FirstEnergy Solutions has a buyer
(DBN)

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Mining:

State terminates Tom Clarke's mineral lease for former Magnetation site in Grand Rapids
(DBN)

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Maritime:

Threat to container charter market as carriers drift towards heavy losses
(DBN)

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Sports:

What national anthem controversy? NFL revenue sets record
(DBN)

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UK:

Women and seaside towns again see most personal insolvencies – R3 comments on 2017 statistics
(DBN)

Theresa May's new Brexit chief called to turn 'back the clock' on workers' rights Britain's May bows to Brexit pressure in parliament What the hell has just happened to Theresa May's Brexit plans? May says U.S. trade deal is back on track after Trump’s criticism Trump Making British PM Life a Living Hell Theresa May caves into Brexiteer demands in order to prevent major Commons defeat President Trump Has Solved Brexit For His Good Friend Theresa May The Brexit campaign has been fined and referred to the police for breaking electoral law
(DBN)

The number of people with jobs in the UK just hit an all-time high
(DBN)

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EU:

IMF lowers prediction for Europe's 2018 economic growth
(DBN)

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Canada:

More Canadian firms look to diversify amid U.S. trade woes, but there's no quick fix
(DBN)

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China:

China's Economy Is Slowing as the Trade War Takes Off, and Investors Are Worried
(DBN)

China Shifts Gears to Support Economic Growth Amid Trade Conflict With U.S.
(DBN)

Trump's trade war isn't the only thing that's taking a bite out of China's economy
(DBN)

In China, Unweaving the Tangled Web of Local Debt
(DBN)

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Australia:

Will falling house prices trigger the next Aussie recession?
(DBN)

Enforcement of “ipso facto” provisions on insolvency - are your contracts excluded from the new laws?
(DBN)

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Latvia:

Regulator calls for change in Latvia's insolvency laws
(DBN)

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MENA:

Saudi Arabia to launch new bankruptcy law next month
(DBN)

Abraaj liquidator prefers Cerberus bid over Colony Abraaj Founder Reaches Initial Deal on $300 Million Loan
(DBN)

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India:

NCLAT stops Bhushan Power & Steel lenders from voting on Tata Steel bid
(DBN)

India’s largest insurer is bailing out a dying bank at the behest of the government
(DBN)

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