July 25, 2018

The Daily Bankruptcy News

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Law:

Associates Get Raises — Unclear Whether That’s Actually Good News
(DBN)

The Am Law A-List: Ranking The Best Law Firms In America (2018)
(DBN)

Where Lawyers Can Make Big Bucks, Y’all
(DBN)

ABA Decline: Why Are Fewer Lawyers Joining The Club?
(DBN)

How Mammoth Student Loans Are Dogging Today's Lawyers
(DBN)

Just How Competitive Is The Most Prestigious Law School?
(DBN)

A T14 Law School Graduate’s Dark Thoughts About Failing The Bar Exam
(DBN)

18 Attorneys Jump From Quinn Emanuel, Head To Loving Embrace Of Dechert
(DBN)

David Cambria gambles big at Baker McKenzie.
(DBN)

Vedder Price Accused Of Bungling 'Soup Nazi' Debt Fight
(DBN)

Can Lawyer Couples Share Too Much?
(DBN)

A retired judge just ruled that more than 600 documents Michael Cohen labeled as privileged are not — and he's not challenging that decision in court Michael Cohen has turned on Trump Now public: Audio of Trump and Cohen discussing buying rights to story about model Lanny Davis on Trump-Cohen audio: 'The truth is on our side' Rudy Giuliani maintains Trump was unaware of payment to Playboy model A majority thinks Russia has dirt on Trump, a new poll shows GOP senator blocks resolution backing intel community on Russian meddling What's in Mueller's Evidence? This chart shows count of mentions in the government's exhibit list for the trial against Paul J. Manfort, Jr.
(DBN)

Facebook: Alex Jones Saying Mueller R---- Kids is OK Facebook security chief's brutally honest leaked email reveals how distraught the company was about being used by the Russians Facebook offers opaque update on election security
(DBN)

Dentons, Ex-Managing Director Defend Against #MeToo Harassment Claim
(DBN)

Attorney General Jeff Sessions joins ‘lock her up’ chant at rally for GOP Attorney General Jeff Sessions Laughs at 'Lock Her Up' Chants
(DBN)

Wall Street's Ties to the Private Immigrant-Detention Network 'Incredibly chaotic' scramble to reunite migrant families as deadline looms U.S. government says it can reunify all 'eligible' separated migrant families by deadline 1,012 migrant parents reunited with children: US Judge orders immediate release of immigrant detained while delivering pizza Migrants describe frigid, hungry days in "ice boxes" and "dog pounds" - Crowded cages and guards who kick them for sleeping
(DBN)

9th Circuit panel finds a constitutional right to openly carry a gun, distinguishes en banc decision Ninth Circuit: Second Amendment Secures Right to Carry Guns in Public
(DBN)

Blueprints for 3D-printed guns to become available Aug. 1
(DBN)

Appellate attorney’s novel ‘Proof’ wins 2018 Harper Lee Prize for Legal Fiction
(DBN)

Woman driving over 140 mph arrested moments after receiving ticket for going 92
(DBN)

Cosby May be Classified a Violent Predator
(DBN)

Bronfman, Salzman and two more charged with federal crimes in NXIVM probe
(DBN)

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Judges:

Outspoken Federal Judge Launches Amazingly Dumb Twitter Tirade
(DBN)

Kavanaugh once questioned the Nixon tapes decision; was he espousing a ‘unitary executive’ theory? This Kavanaugh/’Nixon Tapes’ Flap Is Why Democrats Fail The debate over access to Brett Kavanaugh's records Kavanaugh on net neutrality
(DBN)

Ill. Man Sentenced Again After Posner Botched 1st Trial
(DBN)

Judge Defends 'Deflategate' Ruling After Autograph Request
(DBN)

Stanford Sexual Assault Case That Ousted Judge Appealed
(DBN)

NJ Judge Fights Ethics Charges Over 'Discourteous' Emails
(DBN)

Delaware Supreme Court Issues Order to Improve Work/Life Balance
(DBN)

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Wall Street:

US futures point to a muted open ahead of Boeing, GM, Facebook earnings
(DBN)

FTSE 100 retreats as Trump-Juncker meeting may ‘dampen sentiment’
(DBN)

Dow jumps nearly 200 points as Google-parent Alphabet leads wave of strong earnings Stocks Mixed as Focus Turns to Trade
(DBN)

David Rosenberg issues bubble warning in credit market: It will tear into stocks
(DBN)

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Layoffs:

How to survive your first layoff
(DBN)

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Awards:

Winners: Global M&A Network's 10th Annual Turnaround Atlas Awards
(DBN)

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Cryptocurrency:

Bitcoin is back above $8,000 for the first time since May Bitcoin bounces above $8,400 — but it's still worth almost $200 billion less than its record high
(DBN)

Cryptocurrency tycoon: 'I will be world's first trillionaire'
(DBN)

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Movie Theaters:

'It is a full blown war going on': The CEO of MoviePass' parent company wants to use its subscribers as an army against traditional theaters
(DBN)

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Personal Finance:

4 things to do immediately after a job interview
(DBN)

You won't want to win the Mega Millions jackpot after reading these horror stories Winning Mega Millions ticket for $522 million was sold in California liquor store
(DBN)

Should you bankroll your adult kid’s business? Here’s what to know
(DBN)

Taxable Income But No Cash? What To Tell IRS
(DBN)

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Pharma:

The Legal Engine Driving More Than 800 Lawsuits Against Opioid Makers
(DBN)

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Banking:

Deutsche Bank posts 14 percent drop in net profit as restructuring continues Deutsche Bank will struggle even to hurdle low bar
(DBN)

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Healthcare:

Trump administration to resume ACA payments to insurers
(DBN)

House votes to repeal Obama-era tax on medical devices
(DBN)

Think drug costs are bad? Try hospital prices
(DBN)

Derby Nursing Home Is Officially Closed
(DBN)

Omega Terminates Restructuring Support Agreement
(DBN)

Highflying Medical Firm, a Help to Wounded Veterans, Falls to Earth
(DBN)

Number of the Day: $3 Billion
(DBN)

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Education:

Teachers spend hundreds, sometimes thousands of dollars, of their own money on students
(DBN)

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Newspapers:

Ailing US newspapers feel new pain from newsprint tariffs
(DBN)

'New York Daily News' Staff Cuts Are Reflective Of Hits To Local Journalism In The U.S.
(DBN)

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Food/Beverage:

Necco candy factory shuts down abruptly after company is sold again
(DBN)

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Biofuels:

EPA Continues to Seek Biofuel Changes
(DBN)

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Transit:

New Seattle Streetcars May Not Fit Tracks
(DBN)

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Aerospace:

Costs of development contract push Nordam into bankruptcy, records show
(DBN)

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Student Debt:

How Much Should Parents Borrow for Their Kid’s College?
(DBN)

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Television:

The Erosion of Cable TV Subscribers May Soon Become A Deluge
(DBN)

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Climate:

Ferguson Wildfire: Yosemite National Park Closed Where Are the Ferguson Fire and Others Burning?
(DBN)

The European Heat Wave Is Brutal
(DBN)

Scorching heat, wildfires, flooding hammer wide swath of U.S.
(DBN)

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Economy:

House Republicans ready new tax-cut package, aim to advance it ahead of midterms
(DBN)

Ahead of big GDP report, Trump says US has 'best financial numbers on the planet'
(DBN)

Top Twenty GDP Quarters since 2000
(DBN)

‘A storm is brewing’ in the US economy, says economist Diane Swonk
(DBN)

Richmond Fed: "Fifth District Manufacturing Firms Saw Slowing Growth in July"
(DBN)

Sen. Elizabeth Warren recalls 'a time in a very prosperous America' when the top tax rate was above 50%
(DBN)

The minimum wage hasn't been raised for 9 years. Now is the time
(DBN)

If the Trade War Starts to Damage the Economy, Here’s How You’ll Be Able to Tell Trade war bailout: Trump to offer $12 billion in emergency aid for farmers hurt by tariffs Key GOP senators rip Trump's farm bailout: 'America’s farmers don’t want to be paid to lose' Trump's $12 billion aid for farmers 'unprecedented,' risks unintended consequences Trump says China being 'vicious' by hitting US farmers with tariffs Top Republicans rip Trump’s farm-aid plan as ‘welfare,’ ‘Soviet type of economy’ Trump blasts critics of his $12 billion emergency aid package to farmers On Trump's farm bailout, the GOP doth protest too much Trump Administration to Offer About $12 Billion in Farm Aid to Ease Concerns Over Trade Disputes Trump tapping $12 billion to help farmers affected by tariffs How Trump’s ‘greatest’ description of tariffs clashes with his advisers China keeps buying Iranian oil, and the trade war adds a reason to defy US sanctions Devaluing the yuan wouldn’t help China win the trade war Harley-Davidson shares surge 9% on earnings beat, puts this year's tariff hit at $45 million to $55 million Harley Davidson Now Has Another Reason to Leave America Harley-Davidson says Trump's trade war could take a $100 million bite out of its business each year How Trump’s and Reagan’s trade wars shaped Harley-Davidson Apple’s China ties make it vulnerable if trade fight gets worse Big investors say the trade war could put the Federal Reserve in a really tough spot Tariff Dispute Threatens China’s Thirst for U.S. Oil Trade wars may boost M&A activity Trump set for tense trade talks with top EU chief Juncker Trump suggests EU and U.S. "drop all Tariffs, Barriers and Subsidies" EU commissioner suggests broad cuts to tariffs with U.S. Europe is ready to unleash a $20 billion tariff retaliation against Trump to hit a 'long list' of American goods EU's Juncker Not Optimistic on US Trade Talks How the Trump-Juncker meeting could lead to a trade-war truce Republican senator says Trump trade focus should be on China, not allies The world's major emerging economies could end up benefiting from global trade tensions Trump administration now focused on tariffs with biggest economic bite Trump FactCheck: "The price of soybeans has fallen 50% since 5 years before the election. A big reason is bad (terrible) trade deals with other countries." Whirlpool shares plunge 14.5%, post worst day since 1987 as tariffs wreak havoc on costs GM earnings beat, but shares tumble after it slashes 2018 outlook on a jump in commodity costs Trump event touted 'made in America' goods. A lot of his merchandise couldn't be featured. Almost all shoes sold in the US are imported. Now the industry is terrified of tariffs. Do trade wars hurt business? Ask Qualcomm Tariffs Are Having A Chilling Effect On More U.S. Businesses Trump May Do Irreparable Harm to Trade
(DBN)

Trump Congratulates Mexico's President-Elect, With NAFTA Warning
(DBN)

Here's how much you have to earn to be in the top 1% in the 10 biggest US cities
(DBN)

The West is the best: These are the fastest growing states
(DBN)

Why libraries are an economic lifeline for millions of Americans
(DBN)

Blockbuster's Bankruptcy Was An Exciting Sign of Economic Progress
(DBN)

Loan covenant quality hits record low, says Moody's
(DBN)

4 Rules To Survive The Coming Worldwide Debt Default
(DBN)

Want a middle-class life? Prepare to pay up
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Avoiding Cram Down In Real Estate Bankruptcies: The Plan Feasibility Fight
(DBN)

Third Circuit Upholds Foreclosure Sale Against Preference Attack
(DBN)

Black Knight: National Mortgage Delinquency Rate Increased Slightly in June
(DBN)

June foreclosure starts plummet to lowest level in nearly 2 decades
(DBN)

Weekly mortgage applications fall again as affordability problems persist
(DBN)

The 'alarming' way 1 in 3 millennial homeowners get the money to buy homes
(DBN)

Only one generation of Americans has fully recovered from the housing crash
(DBN)

Has the Housing Market Peaked?
(DBN)

Is the housing market standing on shaky ground?
(DBN)

Chinese real-estate investors retreat from U.S. as political pressure mounts
(DBN)

Two mortgage bankers granted immunity in Manafort trial
(DBN)

Manhattan is now a buyer's market at all price points
(DBN)

Southern California home sales crash, a warning sign to the nation
(DBN)

El Paso: First Abraham properties auctioned during bankruptcy hearing
(DBN)

AZ: Rhodes’ land investment group files bankruptcy plan
(DBN)

Parking Has Eaten American Cities
(DBN)

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Municipalities:

The Fiscal Firebomb Looming for Small Cities in Illinois
(DBN)

Ruling unlikely to end Puerto Rico Oversight Board struggle with local government
(DBN)

Puerto Rico bankruptcy hearing Wednesday to address suits against fiscal board, among other matters
(DBN)

Undaunted By Puerto Rico's Financial Mess, Hospitality Industry Blazes Ahead
(DBN)

Congressional hearing to address possible legislation for Puerto Rico power company
(DBN)

Cuomo Campaign Bolstered by Puerto Rico Bondholders Causing Austerity in the Territory Cuomo says Trump owes Puerto Rico an apology
(DBN)

Senator slams muni bond regulator
(DBN)

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Oil/Gas:

Penn Virginia Puts Itself Up for Sale – Again Houston upstream co. to evaluate ‘strategic alternatives,’ such as sale or other deal
(DBN)

Pacific Drilling: Expect Chapter 11 Plan Soon
(DBN)

Oil prices rise for second day, buoyed by fall in US inventories
(DBN)

Baltimore sues 26 energy companies for climate reparations
(DBN)

One Regulation Could Push Oil to $200
(DBN)

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Travel:

When Airline CEOs Try the Cheap Seats - "If You Want More Space, Buy It"
(DBN)

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Construction:

Hultgren Construction grossed $4.7M in 2016, $16000 in 2017
(DBN)

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Artifacts:

Battle to bring Titanic treasures home Staircase among Titanic artifacts sought Titanic’s Cameron in bid to save artifacts Museums join forces to bring Titanic relics to the UK
(DBN)

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Retailing:

Sears Holdings: Eddie Lampert Is The Shareholders' Most Valuable Asset
(DBN)

Crayola, other vendors to take a haircut in Toys R Us bankruptcy settlement
(DBN)

Brookstone reportedly searching for Bankruptcy Loan
(DBN)

Walmart is using self-driving cars to transport shoppers to their groceries
(DBN)

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Autos:

Former Fiat Chrysler CEO Sergio Marchionne dies Sergio Marchionne, who combined Chrysler and Fiat, dies aged 66
(DBN)

Tesla’s stock volatility is bewildering, says Morgan Stanley
(DBN)

Automakers Cheating on Emissions Again
(DBN)

GM’s stock drops on downbeat outlook as company blames rising commodity costs and unfavorable exchange rate GM slashes its 2018 earnings forecast
(DBN)

Fiat Chrysler shares plunge 11% after auto giant cuts 2018 guidance — hours after death of former CEO
(DBN)

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Religion:

Top cardinal demands Vatican get tough with bishops on abuse
(DBN)

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Electricity:

South Carolina Leaders may Tangle over debt-laden State Utility
(DBN)

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Mining:

Judge awards Cleveland-Cliffs mineral lease rights in Nashwauk Cliffs files libel, defamation suit against Mesabi Metallics, Clarke
(DBN)

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Farming:

Trump’s Trade War Tremors Hit the Farm Belt
(DBN)

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Marijuana:

Americans Say Marijuana, Vaping Less Harmful Than Tobacco
(DBN)

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New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (17 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (12 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:

June 2018 Bankruptcy Filings Fall 2.6 Percent
(DBN)

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Plan Confirmation:

Second Circuit Looks To Market Rate First To Determine Cram Down Interest Rate
(DBN)

Ninth Circuit: No Ulterior Motive, No Bad Faith When Buying Claims to Block Confirmation
(DBN)

Joint Plan Cramdown: Per Plan or Per Debtor?
(DBN)

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Avoidance Actions:

For Fraudulent Transfer Statute of Limitations, Transfer of Real Property Occurred upon Recording of Deed, not Execution
(DBN)

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Litigation:

Finding treasure with litigation data analytics software
(DBN)

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Arbitration:

Screwing Up Our Bankruptcy World — Again? (Arbitration Petition at U.S. Supreme Court)
(DBN)

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Miscellaneous:

Links for Restructuring Professionals to Key Cases, Articles, and News Briefs for June, 2018 (Part III)
(DBN)

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Politics:

Putin will not be invited to address Congress, says House Speaker Ryan Trump claims Russia will try to help Democrats in upcoming elections because 'no President has been tougher on Russia than me' Trump's Embrace of Putin Has Some CIA Spies Spooked The United States and Russia aren’t allies. But Trump and Putin are Russia indicates that Putin would rather see Trump in a group setting next time
(DBN)

Ryan claims Trump's just "trolling" with security clearance threats
(DBN)

Ivanka Trump's controversial fashion company is shutting down Ivanka Trump's only store has already shut down, and it's unclear whether it will reopen Ethics experts 'underwhelmed' at Ivanka Trump shuttering her fashion business — and wonder what she'll do about her stake in the Trump Organization R.I.P. Ivanka Inc. Ivanka Trump Company Faced Scandals Before Shutdown What Really Killed Ivanka's Lifestyle Brand?
(DBN)

AEI scholar: Nunes should be expelled from House
(DBN)

Facebook dodges questions about Russian interference in upcoming US midterm elections
(DBN)

GOP donors Broidy, Barrack reportedly paid ex-Trump campaign official Gates for advice on the administration
(DBN)

White House to stop releasing public summaries of Trump’s calls with foreign leaders
(DBN)

Growing Partisan Differences in Views of the FBI; Stark Divide Over ICE
(DBN)

Walsh: Working-Class Trump Voters ‘Forgot Where They Came From’
(DBN)

Trump fears Biden 2020, losing Pennsylvania
(DBN)

Women take victories in Georgia primary House races Kemp wins Georgia runoff race for governor
(DBN)

Dems grapple with Trump’s resilience
(DBN)

Pollster: Anti-establishment phenomenon 'is here to stay'
(DBN)

Democrat Max Rose says he wouldn't support Pelosi
(DBN)

Inside Trump's echo chamber
(DBN)

'What You're Seeing... Is Not What's Happening.' People Are Comparing This Trump Quote to George Orwell
(DBN)

Jason Spencer Resigns After Being Pranked
(DBN)

Barack Obama Says He's "Surprised By How Much Money" He Has
(DBN)

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Event Facilities:

Bankruptcy creditor subsidiary gets more time to submit Joe Louis Arena redevelopment plan
(DBN)

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Corporate Reform:

Consumer Financial Protection Bureau Brings Banking Panel to Boiling Point
(DBN)

Trump goes easy on corporate criminals despite pushing tougher punishments for common crimes
(DBN)

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Solar:

Is The Solar Industry Really In Trouble?
(DBN)

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Tobacco:

In U.S., Smoking Rate Hits New Low at 16%
(DBN)

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UK:

Cash-strapped Katie Price sunk to new low in Thailand in desperate bid to avoid bankruptcy
(DBN)

New UK special administration regime for social housing: what does it mean?
(DBN)

Number of people going insolvent predicted to have jumped to six-year high
(DBN)

Aviva and Toto have been in a court dispute over whether a man’s bankruptcy should void a £1.85m fire claim
(DBN)

Insolvency Service: annual report and accounts, 2017 to 2018
(DBN)

Germany on Brexit: Britain needs to get moving Despite Brexit negotiations, most in UK see EU membership as good for their economy Consumer optimism up for first time since Brexit This Conservative Brexiteer wants British people with "EU loyalty" to be tried for treason
(DBN)

Aston Villa Football Club stay on the field
(DBN)

Former MG Rover workers set to share in £44m payout
(DBN)

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EU:

The European Central Bank is set to hold steady amid heightened risks of a trade war
(DBN)

Growth in lending to eurozone companies picks up
(DBN)

German business sentiment slips further
(DBN)

Crop Failure And Bankruptcy Threaten Farmers As Drought Grips Europe
(DBN)

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PIIGS:

Death toll rises to 74 in Greece wildfires As Greek Wildfire Closed In, a Desperate Dash Ended in Death Rescuers in Greece shocked to find charred bodies of victims in fast-moving blaze
(DBN)

Marchionne’s reformist legacy at risk in Italy
(DBN)

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Canada:

Rattled by violence, Toronto wonders if city unraveling
(DBN)

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MENA:

Iran to Trump: We're Not Impressed w/ Threats
(DBN)

After elections, debt crisis looms in Pakistan
(DBN)

China, India to Keep Buying Iranian Oil
(DBN)

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Japan:

1/3 of households in Japan on edge of bankruptcy : BOJ study
(DBN)

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India:

NPA issue: Banks to acquire lands, unfinished projects to recover $20 billion in real estate bad loans Housing downturn puts $20 billion in bank loans at risk
(DBN)

Lenders may drag four power producers to NCLT
(DBN)

4,387 large borrowers account for 90 per cent of NPAs
(DBN)

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China:

Creditors line up to wind down Chinese oligarch’s offshore unit to pry loose assets for repaying debt
(DBN)

Many Chinese companies ‘will go bankrupt’, if US delivers on tariff threats, court newspaper warns
(DBN)

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Offshore:

Offshore insolvency petitions on the rise
(DBN)

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Argentina:

Argentina economy plunges most since 2009 in May; recession looms
(DBN)

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