July 20, 2018

The Daily Bankruptcy News

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Law:

Biglaw Firm Gives Associates Raises, With A Side Of Increased Hours Requirements
(DBN)

Winstead and Troutman Sanders End Merger Talks, Would Have Created A Firm With Almost 1000 Lawyers And Gross Revenue Of $725 Million
(DBN)

Diversity And Inclusion In Biglaw Isn’t A Quick Fix
(DBN)

Another T14 Law School Decides The GRE Is Good Enough For Them
(DBN)

UK: Redundancies at Ince & Co, CMS and Ashurst
(DBN)

Dechert Ups Litigation Profile, Adding ‘Queen of Torts’ Birnbaum
(DBN)

10 Critical Challenges in Negotiating a Successful Law Firm Merger
(DBN)

Is This Am Law 100 Firm Looking to Get Even Bigger?
(DBN)

7 General Counsel Share Their Approaches to Working with the Business, Board
(DBN)

Chicago To Get Its First Public Law School
(DBN)

High Heels At Work Required — A Follow Up
(DBN)

Former Baylor Coach Rips Pepper Hamilton, Calls Out Ken Starr
(DBN)

Everything You Need To Know About Fall Recruiting Season (Part III: Callbacks)
(DBN)

Quinn Fires Back In Row With Ex-Partners At Selendy & Gay
(DBN)

Are Smaller Market Lawyers Actually Better Than Major Market Biglaw Lawyers?
(DBN)

Law firms dominate LGBT awards
(DBN)

It's never OK to lose your temper at work — here are 3 ways to calm down, fast
(DBN)

Want To Work In-House? How Does $15.00 An Hour Sound?
(DBN)

Seeking To Expand Among Smaller Firms, Legal Research Service Casetext Adds Features, Lowers Price
(DBN)

Mueller releases list of more than 500 pieces of evidence against Manafort • Bernie Sanders’ campaign strategist Tad Devine turns up 16 times in evidence against Paul Manafort • House Republican: Trump "actively participated" in Russian disinformation
(DBN)

Michael Cohen and Michael Avenatti bumped into each other at a swanky Manhattan restaurant, and Avenatti said it was 'random and productive' • A retired judge just ruled that nearly half of 4,000 documents Michael Cohen labeled as privileged are not — and he's not challenging that decision in court
(DBN)

DOJ to Alert Public to Threats Targeting Our Democracy • Rosenstein reveals how the Justice Department is fighting attacks on US elections • Rosenstein defends charging foreign agents US can't arrest • Inside Justice's new plan to share info on foreign meddling
(DBN)

New York just escalated its legal battle with Trump • Cuomo administration offers state attorney general a criminal referral in Trump Foundation probe
(DBN)

MGM’s Bid To Dodge Vegas Shooting Liability Seen As Gamble
(DBN)

New video from ABA president calls for lawyers to help separated immigrant families • Border: Most Separated Families Remain So • Less than a quarter of migrant children have been reunified as deadline looms • Immigrant Shelters Drug Traumatized Teenagers Without Consent • Gallup: Immigration Surges to Top of Most Important Problem List • Gallup: Fewer Americans Say Mexico Is a U.S. Friend or Ally
(DBN)

Matt Lauer is reportedly ‘furious’ he may have to pay $50 million in his divorce
(DBN)

When #MeToo Came to Biglaw–And Got It Wrong • #MeToo Bill Adds Transparency to Workplace Harassment Cases • '60 Minutes' Boss Hired Law Firm Over #MeToo Story
(DBN)

Weinstein lawyers claim actress Judd made 'deal' with disgraced mogul • Weinstein's Ludicrous Claims About Judd
(DBN)

Public domain advocate gets appellate win in bid to publish copyrighted standards referenced in laws
(DBN)

As Cosby Defamation Cases Reach SCOTUS, Possible Fresh Look at Lawyers’ Free Speech Rights
(DBN)

Paramount TV president fired over comments she made in a conference call
(DBN)

14th Amendment Can't be Revoked by EO
(DBN)

Harvard Law School Graduate Accused Of Murdering His Mother Wants To Represent Himself
(DBN)

'Magic Circle partner' gives away mysterious key
(DBN)

2nd Circ. Bats Down Sanctioned Attorney's FDCPA Suit Over $131
(DBN)

NJ Atty Suspended Over $4.5M Theft By Partner's Brother
(DBN)

At least eleven killed as 'duck boat' capsizes in Missouri
(DBN)

Dog on a lease? Woman surprised to learn pet she paid for was a rental
(DBN)

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Judges:

Who Says Bankruptcy Judges Don’t Have Article III Independence?!
(DBN)

Judge Kavanaugh on abortion: Rehnquist as "judicial hero" and the case of Jane Doe • Democrats want to know whether Kavanaugh had any role in torture and detainee policies under GW Bush • The 14th Amendment, Kennedy and Kavanaugh: What's Next?
(DBN)

7 Cases Where Retiring Justice Kennedy Was The Instrumental Swing Vote
(DBN)

Ryan Bounds, Trumps Ninth Circuit Nominee, Withdrawn from Senate Floor Vote • McConnell Pulls Trump Judicial Nominee Over Racially Charged Writings • 9th Circuit nominee is withdrawn after controversy over his college writings • 3 Takeaways From Failed Ryan Bounds 9th Circuit Nomination
(DBN)

Senate Panel Clears Trump Nominees for 11th, 3rd Circuits
(DBN)

NC: Judicial Power Grab May Have Backfired
(DBN)

La. Courthouse Assistant Accuses Judge Of Sexual Assault
(DBN)

Digital age reinforces the need for judiciary to act as a bulwark against tyranny
(DBN)

Judge is ‘almost haunted’ by Greenberg Traurig fee request, says it’s not ‘mere Monopoly money’
(DBN)

Del. Court's New Filing Deadline Addresses Work-Life Balance but Highlights Enduring Rift
(DBN)

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Wall Street:

Dow is set to slide after Trump says he's 'ready to go' to $500 billion in tariffs on China
(DBN)

Stocks close lower after Trump knocks Fed for raising rates
(DBN)

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Layoffs:

Buyout firms are facing pressure to give Toys R Us workers who were laid off more money • Toys R Us workers press investors for hardship fund
(DBN)

New Trump pledge aims to help workers worried about losing jobs to robots
(DBN)

Lexmark Announces 1,000 Layoffs
(DBN)

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Autos:

Tesla shares fall after Needham downgrades to sell, citing possible increase in Model 3 cancellations • 24% of Tesla Model 3 orders have been canceled, analyst says • Elon Musk's Bizarre Tweets Worry Wall Street • Tesla's Been Downgraded Big Time • Tesla earnings: Investors should gear up for more drama
(DBN)

Bankrupt Gateway Buick GMC seeks a sale
(DBN)

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Transit:

Electric scooters on collision course with pedestrians and lawmakers
(DBN)

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Electricity:

Power producer New Mach Gen seeks court OK for bankruptcy exit plan
(DBN)

Bankrupt energy producer Exco and stakeholders agree on mediation
(DBN)

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Education:

Dallas-area university is closing after group that bought for-profit schools finds it 'unsustainable'
(DBN)

St. Gregory's oil and gas auction exceeds $10 million in bids
(DBN)

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Weather:

Pop-up tornadoes create nightmare throughout central Iowa
(DBN)

Texas Smashes 1925 Heat Record as Power Prices Surge on Demand • America's Grids Are Not Ready For Summer Heatwaves
(DBN)

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Celebs:

How Scott Storch Blew Through A $100 Million Fortune
(DBN)

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Toys:

Toy maker earnings: Will Toys ‘R’ Us liquidation continue to squeeze Hasbro and Mattel?
(DBN)

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Economy:

US weekly jobless claims drop to the lowest level since 1969 • Weekly Initial Unemployment Claims decreased to 207,000
(DBN)

Screaming labor shortage forcing firms to get creative to fill record job openings
(DBN)

Trump: Our workers' council, partnered with companies like Walmart, will create 3.7 million jobs
(DBN)

The Fed just unloaded a pile of evidence that the US economy is in the 9th inning
(DBN)

Fed being ‘very aggressive’ on rates and ignoring things they shouldn’t: Ex-Dallas Fed VP
(DBN)

Consumer credit defaults continue to fall says report
(DBN)

Philly Fed Manufacturing Survey "Continued to expand" in July
(DBN)

More evidence the U.S. economy is growing strongly is shown in June’s leading index
(DBN)

Social Security Recipients Could be Collateral Damage on Trump's Orders
(DBN)

Workers’ wages are flat while congressmen are buying yachts
(DBN)

A Warning About the Next Economic Crisis from Leaders Who Battled the Last One
(DBN)

Trump lays into the Fed, says he's 'not thrilled' about interest rate hikes • Dollar falls and Treasury yields near lows as Trump criticizes Fed • Trump breaks long-standing precedent of American presidents not commenting on the Fed, says he isn't 'thrilled' about rate hikes • White House: Trump is not interfering with Fed policy decisions • Ed Yardeni: Why is this market more troubled by rising U.S. interest rates than trade tariffs? • Trump's stunning comments about the Federal Reserve could actually backfire • Larry Summers: Trump just took another step toward turning the US into a 'banana republic' • The Fed now has to raise rates to prove it’s independent from Trump, investment manager says
(DBN)

Fed's banking supervisor backs new interest rate benchmark
(DBN)

Fed chair Jerome Powell is whistling past 2 looming threats to the US economy
(DBN)

Trump says he's 'ready' to put tariffs on all $505 billion of Chinese goods imported to the US • There's a growing threat of a full blown China trade war • An under-the-radar move by Canadian Prime Minister Trudeau showed that Canada is ready to get tough with Trump on trade • Commerce department opens hearings on auto tariffs • Trump trade tactics sabotaging the economy and markets, Stephen Roach warns • There will be a trade war 'cease-fire' by Election Day, says JPM's David Kelly • Automakers push back on EU tariff plan, saying there's no evidence imports affect national security • Auto Industry Backs Retaliatory Tariffs • Trump's Auto Tariffs Have Scant Support • Tariffs Imperil South Carolina Car Factory • The US-China trade war could push car companies to produce more in China, expert says • Trade tariffs mean companies will spend less on growing their business in 2019, says Fitch • Trade-war tracker: Here are the new levies, imposed and threatened • Why Trump isn’t backing down in the trade fight — in one chart • As new tariffs take hold, more see negative than positive impact for the U.S.
(DBN)

Trump tax cut gives U.S. workers a hard landing
(DBN)

Copper — a metal with a history of predicting economic trouble — hits 1-year low, nears bear market
(DBN)

Trump's Iran sanctions could lead to volatile gas prices, recession
(DBN)

Kevin Brady: We’re On Track for Tax Cuts 2.0
(DBN)

In 5 states, richest Americans live in a "new Gilded Age"
(DBN)

In the US, the rich are getting richer and the poor are getting poorer, study concludes
(DBN)

Where the Super-Rich Go to Buy Their Second Passport
(DBN)

22% surge in number of older homeless people catches L.A. officials off guard
(DBN)

Sanders FactCheck: "The three wealthiest people" own "more wealth than the bottom half of the American people"
(DBN)

Wealth Inequality Nearly as Bad as 1929
(DBN)

Suit claims cap on deduction for state and local taxes violates equal state sovereignty
(DBN)

The End is Near For the Economic Boom
(DBN)

The Future of Work Continues to be Rewritten
(DBN)

Over 400,000 people living in 'modern slavery' in US, report finds
(DBN)

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

Is increasing diversity positive for the U.S.? A look at the partisan divide
(DBN)

Millennials Are Burning Out
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

24-year-old law student who's made $147,000 flipping homes gives his best advice
(DBN)

Almost 70% of millennials regret buying their homes. Here's why.
(DBN)

Loan Servicers Jockey for Position Amid an Increased Likelihood of Future Real Estate Market Distress
(DBN)

California Bay Area Home Sales Decline 13 Percent YoY in June
(DBN)

Mortgage rates tick down, but can borrowers seize the opportunity?
(DBN)

Dead bodies, wild dogs, squatters in government-owned Detroit houses
(DBN)

Partial Rollback of Dodd-Frank Act: Key Changes for Residential Mortgage Lenders
(DBN)

Over 5 million renters have lost money in rental scams
(DBN)

Everything Is a Lie, But Especially That Cheap Apartment Listing
(DBN)

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Municipalities:

Puerto Rico is finally on a path to financial recovery
(DBN)

Bond Insurer Urges Receiver for Puerto Rico’s Bankrupt Utility
(DBN)

Turmoil slows rebuilding of Puerto Rico's power grid
(DBN)

U.S. House committee wants Puerto Rico leadership to talk about PREPA
(DBN)

The problem of Puerto Rico won’t go away
(DBN)

Detroit, Five Years After Bankruptcy
(DBN)

Detroit’s progress has been stunning, but much of the city is still stuck in poverty
(DBN)

Listen: Detroit's Bankruptcy Five Years Later With Author Nathan Bomey
(DBN)

Gary, Indiana, Puts Millions in School Buildings on the Market
(DBN)

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Oil/Gas:

Trump Tariffs Mess With Permian Relief
(DBN)

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Pharma:

Trump administration may open door to import drugs in limited cases — including after some price hikes
(DBN)

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Mass Torts:

Asbestos found at steam pipe explosion in Manhattan's Flatiron District
(DBN)

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Tech:

Zuckerberg Wrong About Holocaust Denial
(DBN)

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Aviation:

Mesa Air Wants to Try Again for an IPO 8 Years After Bankruptcy
(DBN)

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Entertainment:

Movie producer wins order lifting Weinstein Co's bankruptcy stay
(DBN)

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Coal:

Disclosure Advocate Seeks to Reopen Coal Miner’s Bankruptcy
(DBN)

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Bankruptcy Crimes:

Boulder spinal surgeon reaches plea deal in bankruptcy fraud case
(DBN)

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Student Debt:

Here's How To Buy A House When You Have Student Loan Debt
(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 (8 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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IP:

Tempting Fate: What Trademark Licensees Stand to Lose (or Win)
(DBN)

US Supreme Court asked to resolve critical trademark licensing issues in bankruptcy
(DBN)

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Cross-Border:

Court Affirms Ruling Requiring Accounting Firm to Produce Workpapers in Chapter 15 Case
(DBN)

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Sales:

Seventh Circuit Holds That the Illinois Department of Revenue Must Present Evidence to Support the Value of Its Claim for Adequate Protection in a Section 363 Sale
(DBN)

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Retailing:

Toys ‘R’ Us settles with ‘some’ creditors
(DBN)

Gymboree is back from the dead, but furious parents say its new look 'is complete garbage'
(DBN)

Steinhoff says about 90 percent of creditors support debt lock-up • Steinhoff swaps sovereignty for a lifeline • Steinhoff's creditors support debt lock-up, key to saving retailer
(DBN)

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Healthcare:

Shadowy Gwinnett lab goes bankrupt and debt collectors hound patients
(DBN)

GOP wants ACA insurer payments restored
(DBN)

Kentucky restores Medicaid to thousands after sudden reversal
(DBN)

ACA premiums in California are going up by 9%
(DBN)

Trump Promised Better, Cheaper Health Care
(DBN)

More in US are Drinking Themselves to Death
(DBN)

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Sports:

NFL Freezes Anthem Rules Over Backlash • Dolphins may suspend player for Kneeling during Anthem
(DBN)

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Politics:

Trump touts his summit with Putin as a 'great success' — but most Americans disagree, new polls show • Trump rules out Putin's plan to interrogate U.S. citizens • Trump Wanted a Summit With Putin. He Got Way More Than He Bargained For • House Intel GOP blocks vote to subpoena Trump-Putin interpreter • US Senate Takes Steps Against Russia • v • Senate GOP Tries to Stop Second Putin Meeting • Trump's Helsinki Performance No Surprise • State Department deletes a statement condemning Russia over MH17 downing right after Trump's Putin summit • 68% of GOP Fine With Trump's Love of Putin • Trump's Biggest Gift to Putin • US intelligence chief Dan Coats: 'I don't know what happened' in Trump-Putin meeting • George Friedman: If Russia really controlled Trump, he wouldn’t be publicly siding with Putin • Trump doubles down on meetings with despots — and it's rocking the US government to its core • Trump on Putin: 'I'll be his worst nightmare' if things don't work out, 'but I don't think it'll be that way' • Putin furor sparks new questions on chief of staff future • Why Russia Will Help the Democrats Next
(DBN)

Within 24 hours, 2 of Trump's top intelligence officials hint that they've considered resigning
(DBN)

Republican Megadonor Switches to Democrats
(DBN)

Few Trump originals left 18 months in
(DBN)

Trade war shakes up Senate races in Trump states
(DBN)

Montenegro: We're Not Starting World War III
(DBN)

America's intelligence chief found out during a live interview that Trump wanted to bring Putin to Washington: 'OK ... That's gonna be special'
(DBN)

Secretary Nielsen says she agrees with intel community "full stop"
(DBN)

'The meddling was on the margin': Steve Bannon downplays Russia's impact on the 2016 election
(DBN)

Biggest threat to markets and economy is a Democrat win in November, Trump advisor Hassett says
(DBN)

Joe Biden would be a 'dream' to run against in 2020, Trump says
(DBN)

Democrats take an early lead in race to raise campaign cash for House seats
(DBN)

Nunes used political dollars for $15K in Celtics tickets, winery tours and Vegas trips • Nunes Declares War on the Media
(DBN)

Trump is Making the Clintons Look Clean
(DBN)

More Tennesseans are sporting Confederate flag license plates than ever before
(DBN)

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UK:

Luxury London homes are being sold in bulk as demand drops
(DBN)

Insolvency Service could consider re-opening investigation into former BHS directors
(DBN)

U.K. Casual Dining Takes Another Blow as Gaucho Collapses • Gaucho collapses into administration with 540 jobs lost
(DBN)

EU Tells States to Step Up for No Deal Brexit • Brexit: Things need to get worse before they can get better, analyst says • May’s Brexit Vision Invites More Confrontation with the EU • Post-Brexit customs deal to cost business £700m a year • MPs warn of trade deficit in hard Brexit
(DBN)

HMRC to raise £3.2bn in new tax avoidance crackdown
(DBN)

Suspects in Novichok case flew out of UK in wake of attack, source says
(DBN)

Second insolvency in two years at furniture firm
(DBN)

‘Naming and shaming index’ for bankrupt councils fails to offer genuine solution
(DBN)

Debenhams stake prompts 73% slide in Sports Direct profits
(DBN)

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Canada:

Burry's Shipyard files notice under Bankruptcy and Insolvency Act
(DBN)

Undaunted by creditors and fraud charges, Peter Pocklington launches pot company
(DBN)

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Australia:

Australian banks are caught using a dodgy financial tool that has left families with millions of dollars worth of unpayable debt
(DBN)

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India:

Supreme Court to decide on round 2 for saving Jaypee Infra
(DBN)

Aion-JSW Steel wins Monnet Ispat bid; banks take 75% haircut
(DBN)

Cracking India's bankruptcy code
(DBN)

Bankruptcy Board drafts cross-border insolvency norms
(DBN)

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China:

For years, China shied away from global conflicts. Not anymore
(DBN)

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North Korea:

Hit by sanctions, North Korea's economy contracted at sharpest rate in 20 years in 2017 • Trump's friends, Russia and China, delay US bid to cut off oil exports to North Korea
(DBN)

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Austria:

Austrian pol wants to make Jews register to buy kosher meat
(DBN)

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Hong Kong:

Arbitration Is No Answer To Winding Up Petition For An Insolvent Company.
(DBN)

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