July 6, 2018

The Daily Bankruptcy News

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Law:

Biglaw Firm Raises Associate Salaries — But Only If Associates Are Billing Machines Katten Muchin Raises Salaries, But Not For All Associates Associates, Don't Let Salary Hikes Become Your Faustian Bargain Salary Wars: The Essential Scorecard For Summer 2018 Raises And Bonuses
(DBN)

Madoff Trustee Passes Milestone as Baker & Hostetler Fees Near $1B
(DBN)

The Elite Biglaw Firms Pulling Down 2 Billion In Gross Revenue
(DBN)

Co-Leadership of Law Firms Is Tougher at Midsize Shops
(DBN)

Legal Tech Cos. On The Rise As GCs Embrace Automation
(DBN)

The Top Law Firm In The World For 2018…
(DBN)

Law Firms Beware: Big 4 Leaders Eye More Legal Growth
(DBN)

Courts can’t order Yelp to take down negative review of law firm, California Supreme Court rules
(DBN)

Vermont, Minnesota show that law schools are still grappling with budget challenges
(DBN)

Facebook buys AI startup in Allen & Overy’s incubator
(DBN)

Ex-lawyer is convicted in wife’s 1973 murder; his disbarment had connection to unsolved slaying
(DBN)

Big Law Partner Disbarred After Bilking Firms, Client for $7.8M
(DBN)

In Texas, the Legal Market Isn't What it Used to Be
(DBN)

Lawyers must inform current clients of material errors
(DBN)

Clifford Chance, Freshfields, A&O and HSF post juicy partner profits Clifford Chance equity partners to earn an average of £1.6 million
(DBN)

Shut up! The art and craftiness of cease-and-desist letters
(DBN)

Eloquent silence teaches lawyers about power of the pause
(DBN)

Prepare for and plan against a cyberattack
(DBN)

Michael Cohen retains former Clinton lawyer Lanny Davis Cohen Seeks to Nix Stormy Daniels' Suit, Says Venue Wrong
(DBN)

Manafort Asks DC Circ. To Let Him Out Of Jail Before Trial
(DBN)

Carter Page Seems to Believe He Was Molested by the DNC
(DBN)

These New Signs Show Mueller May Step Back from Working on Parts of Russia Probe
(DBN)

Rescinding campus diversity policy, Trump administration offers Supreme Court rulings as guidance
(DBN)

Sacramento Judge Checks DOJ's Bid to Enjoin California's Immigration Laws Federal judge denies Trump administration effort to block California's 'sanctuary' law A Day in the Life of an Attorney at the Border Donald Trump has no answers for the border crisis. And things are about to get worse HHS says hundreds more migrant kids may have been separated than earlier count U.S. moving some detained migrant parents closer to their children HHS Secy Pushes Back on Reports of Mass Confusion in Reuniting Migrant Families Trump: Get illegal immigrants 'OUT' of America's 'front lawn' Trump Renews Call for Deporting Refugees Without Due Process Trump rants that immigration laws are ‘insane’ and must be replaced by ‘smart, fast and reasonable ones’ by Congress ICE Tells Parents Separated From Kids To Choose: Leave With Them, Or Without Them The Trump administration is not answering basic questions about separation of migrant families Immigrant mothers were reportedly whisked out of sight when the Homeland Security secretary made a secretive trip to a detention facility US Now Has Nearly 3,000 Separated Kids Migrants’ lawyers to Flores judge: Parents have right to decide kids’ fate Americans are not as divided or conservative on immigration as you might think Loophole allows shelters for migrant kids to escape inspections Court filing says Trump administration gives families only one choice for reuniting: deportation No immigrant kids from separated families have been reunited with parents yet: Trump health chief
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McConnell Says Congress Is Limited on School Shootings
(DBN)

Teen attacked for wearing 'Make America Great Again' hat
(DBN)

Should police use computers to predict crimes and criminals?
(DBN)

NY Attorney Indicted For Pilfering $9M From Family Trusts
(DBN)

Bonkers website: Law firm in crazy golf video
(DBN)

Cop Who Shot Anton Rose Had Previous Issues
(DBN)

Facebook has apologized for flagging parts of the Declaration of Independence as hate speech Facebook says it made a mistake in blocking a 'patriotic' song about the American flag
(DBN)

Police: Mom shoots man trying to steal car with kids inside 'I had to do what I had to do,' says Dallas mom who shot man trying to steal SUV with kids inside
(DBN)

Man Pleads Guilty to Murder after Dousing Girlfriend with Gas, Setting Her on Fire
(DBN)

'We've Had Problems with Your Kind': Black Fraternity Suing Restaurant for Alleged Discrimination
(DBN)

Authorities Believe Texas Mom Sold Her 7-Year-Old Boy and Wasn't Going to Stop There
(DBN)

Mother Dies After Attempting to Break Up Fight at Niece's Baby Shower, Nephew Charged With Murder
(DBN)

3 people allegedly kidnapped 'Halloween' actress Daisy McCrackin and held her hostage for days
(DBN)

Crafting helps high-achieving lawyers relax, recharge and have fun
(DBN)

Lawyer loneliness: Facing and fighting 'No. 1 public health issue'
(DBN)

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Judges:

Reappointment of Bankruptcy Judge Robert A. Mark
(DBN)

U.S. Bankruptcy Judge Kay Woods retiring
(DBN)

Kennedy's Retirement: Legacy, Fallout & The Battle Ahead Trump privately indicated that he has settled on a Supreme Court nominee Trump reportedly leaning toward Brett Kavanaugh for Supreme Court The Supreme Court Nomination Process: Who’s Our Next SCOTUS Nominee? SCOTUS Candidate Judge Amy Coney Barrett Wasn’t My Favorite Law Professor, But She Would Be An Amazing Justice SCOTUS Hopeful Amy Coney Barrett Doesn’t Really Believe in Miranda Rights Some Advice From A Would-Be Supreme Court Justice: ‘Don’t Be A Jerk’ President Trump Interviews More Supreme Court Candidates (Including Senator Mike Lee) Hunter, Author & Introvert: Meet Raymond Kethledge, SCOTUS Short Lister Will we finally get a non-Ivy League Supreme? Trump completes interviews of Supreme Court candidates, as shortlist shrinks “Correcting The Error”: Did Kennedy Cut His Own Tow Line In His Final Decisions? Trump's Three SCOTUS Finalists Schumer issues a dire warning to Trump about his Supreme Court choice McConnell team mocks Schumer call to nominate Merrick Garland to Supreme Court
(DBN)

Constitutional Time Out? Mueller Becomes Latest Basis For Opposing Any Trump Nominee
(DBN)

Abortion laws in Latin America show what the US could look like in a world without Roe v. Wade
(DBN)

Visualizing "Lines" of Cases: the SCOTUS Mapping Project
(DBN)

The rise of dark money is a threat to judicial independence
(DBN)

California judiciary has paid nearly $645K in six years for gender-based misconduct claims
(DBN)

Fifth Circuit Criticizes Houston Federal Judge for Alleged Sexist Remarks
(DBN)

Air Force Judge Retires After Illegally Throwing Marine General in Jail for 21 Days
(DBN)

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Wall Street:

 

Dow jumps 200 points ahead of US tariffs on China, tech rises Dow shakes off trade-war angst to end 180 points higher after Fed minutes, ahead of jobs report Stocks rise, shaking off trade-war fears on eve of US-China tariffs
(DBN)

Goldman: Commodities are set to rise, trade war fears have been oversold
(DBN)

Trump no longer talks a lot about the stock market. Here’s why
(DBN)

Brace for a lost decade for U.S. stocks, warn Morningstar strategists
(DBN)

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Layoffs:

 

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Retailing:

Hobby Lobby, Burlington Expected to Move Into Empty Toys ’R’ Us Stores
(DBN)

Amazon is capitalizing on the demise of Toys R Us
(DBN)

Employee of bankrupt Bon-Ton department store feels cheated by severance offer
(DBN)

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Politics:

The Progressives Who Don’t Hate Trump
(DBN)

Scandal-plagued EPA Administrator Pruitt resigns Trump Accepts the Resignation of Scott Pruitt, the E.P.A. Chief How things will (and won’t) change at EPA with Scott Pruitt gone Scott Pruitt's time as EPA administrator dogged by questions about first-class travel, pay raises Ex-EPA Aide Told Boss Deletions Were Illegal Under fire for ethics scandals, EPA chief Pruitt resigns Government watchdog group releases epic one-word statement after Scott Pruitt finally resigns Embattled EPA chief Scott Pruitt reportedly lobbied Trump to fire Jeff Sessions so he could run the Justice Department The EPA’s Pruitt is finally gone, but there’s plenty of rot left Pruitt's Replacement Will Stay the Course Fox's Laura Ingraham: 'Pruitt is the swamp. Drain it.'
(DBN)

Trump says former Fox News exec Bill Shine joins White House staff "It's extraordinary that the president of the United States could hire someone like this" Shine Hid Harassment at Fox for Years
(DBN)

How Trump’s Policy Decisions Undermine the Industries He Pledged to Help
(DBN)

Small Majority in U.S. Say the Country's Best Days Are Ahead
(DBN)

A general made aides get his laundry and give him snacks while he was investigating ethics violations
(DBN)

49 percent of voters think Trump is racist: Poll
(DBN)

Trump Now Bashing the NFL Over Its New Anthem Policy
(DBN)

Satellite Images Hint North Korea Won’t Disarm Anytime Soon Pompeo Meets with North Koreans Trump reportedly plans on gifting Kim Jong Un a CD featuring Elton John's 'Rocket Man' song
(DBN)

IL: Governor Backs Up, Don't Vote for the Nazi
(DBN)

Trump mocks #MeToo movement in derogatory rant about Elizabeth Warren at Montana campaign rally Trump: I would offer Warren $1M to prove her Native American heritage
(DBN)

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Currency:

Why bitcoin may soon be worth nothing
(DBN)

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Weather:

Massive California blaze threatening more than 1,400 buildings grows
(DBN)

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Radio:

iHeartMedia could find a buyer soon
(DBN)

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Economy:

ISM Non-Manufacturing Index increased to 59.1% in June
(DBN)

Here’s the new recession indicator presented to Fed officials
(DBN)

Fed increasingly worried about spillovers from trade, but showed no sign of pausing rate hikes Fed minutes: Negative risks to economy from U.S. trade policy have intensified
(DBN)

It's 2008 Again for Corporate Debt Exposures
(DBN)

Private payrolls miss expectations as companies can't find enough people to hire ADP: Private Employment increased 177,000 in June
(DBN)

Americans Still Upbeat About Job Market, Says Gallup
(DBN)

Fed: Letting inflation run too hot could lead to 'a significant economic downturn'
(DBN)

Weekly jobless claims unexpectedly rise Weekly Initial Unemployment Claims increased to 231,000
(DBN)

The U.S. labor shortage is reaching a critical point
(DBN)

June Employment Preview
(DBN)

Goldman: June Payrolls Preview
(DBN)

Capital Spending Shows Robust Growth for a Change
(DBN)

Trump says U.S. tariffs could be applied to Chinese goods worth $500 billion FOMC Minutes: "Concern about the possible adverse effects of tariffs" Confusion as China ports delay U.S. cargoes, disrupting trade The US-China trade war is about to get real Carney tells Trump escalation of trade war will hurt US most EU Has No Easy Answer to Trump's Auto Threat Auto tariff deal hopes are rightly restrained US Companies in China: The Trade War Has Already Started Mexico Imposes Retaliatory Tariffs on US Goods 'We are the casualty:' US pig farmers brace for second round of pork tariffs from China, Mexico G-20 Trade Barriers Rise As Tensions Near Boiling, WTO Says EU Plan to Head Off Auto Tariffs Fed says businesses are scaling back spending because of Trump's uncertain trade policy HSBC: Trump's trade war is front and center in a 'triple shock' of risks that threatens to derail global markets It's On: Trump's trade war is set to kick off with tariffs on $34 billion worth of Chinese goods China has world's worst stock market and it could remain weak until trade fights end 'Made in America' is not a priority for Harley-Davidson riders in Europe, says custom motorcycle builder It's not always clear what 'American-made' means — and Harley Davidson's move overseas won't necessarily make it less American Trade-war's eve NRF warns of ‘full effects of a trade war’ Bank of England Governor Mark Carney just took a shot at Trump over his trade war — and his Twitter account 4 charts that show US-Canadian trade is far different from what Trump portrays China may be disrupting US companies because of Trump's tariff threats Sizing up the impact of China tariffs China Not Backing Down As Trump Readies $34B Tariff Hit U.S.-China tariffs: Here's who could get hurt
(DBN)

Mar-A-Lago Wants 40 More Foreign Workers
(DBN)

Mexican leader to invite Trump to inauguration, signals shift on Venezuela
(DBN)

Investors are so nervous about a potential recession that they’re preparing for one
(DBN)

Americans Are Having Fewer Babies. Here's Why
(DBN)

Fed balance sheet runoff hits another snag
(DBN)

Corporations want your skills but care less about your quality of life, cost of living
(DBN)

A record number of folks age 85 and older are working, and here’s what they’re doing
(DBN)

Corporate M&A activity hits all-time high
(DBN)

For the first time, U.S. resettles fewer refugees than the rest of the world
(DBN)

Many top-earners lose their wealth within a decade of getting it
(DBN)

Young Adults Are Broker Than Ever — Here’s One Uncomfortable Reason Why
(DBN)

Immigration top issue for U.S. voters, economy a close second: Reuters/Ipsos poll
(DBN)

US Debt Clock
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World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Mortgage rates fall to 3-month low as flight to safety rolls on
(DBN)

Reis: Office Vacancy Rate increased in Q2 to 16.6%
(DBN)

New Hope Village files for bankruptcy, ends housing project in Hope
(DBN)

Why is it so difficult to live where you work? : Housing costs and homeownership in economic centers
(DBN)

"I can't even afford a cup of coffee": Tech boom pricing out S.F. residents
(DBN)

Fire-ravaged San Francisco home once labeled a 'drug den' sells for $2 million
(DBN)

RBS to pay $20 million to Illinois pension funds over crisis-era mortgage bonds
(DBN)

Cities with the highest share of million-dollar homes
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Municipalities:

Rossello to file a lawsuit against the Fiscal Oversight Board Puerto Rico sues control board over budget differences Rosselló’s budget address foreshadowed conflict with Oversight Board Puerto Rico gov’t challenges fiscal board’s budget in court
(DBN)

'Rogue informant' sues Puerto Rico over banking license denial
(DBN)

CA: How state funds schools pushes them near insolvency
(DBN)

US cities Americans are abandoning
(DBN)

How ProPublica Illinois and WBEZ Worked Together to Find Thousands of Duplicate Tickets in Chicago Affecting An Epidemic of Bankruptcy Filings The Chicago police legacy of extracting false confessions is costing the city millions
(DBN)

The Flint water crisis: how citizen scientists exposed poisonous politics
(DBN)

Hundreds Caught Up in Detroit Scam, Show Up Hoping For Free Houses and Cash
(DBN)

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Oil/Gas:

Trump orders OPEC to tame gas prices, but analysts blame his Iran sanctions for rising fuel costs Trump Attacks OPEC Oil Price ‘Monopoly’ Trump Spends 4th Of July Screaming At OPEC On Twitter As Goldman Says Oil Prices Headed Higher Saudi Arabia slashes oil prices after Trump slams the 'OPEC monopoly'
(DBN)

U.S. oil prices drop as domestic crude supplies mark first climb in four weeks
(DBN)

The US's biggest shale basin hit pipeline bottlenecks at the worst possible time — and they're about to get worse
(DBN)

Shell CEO calls for 2040 ban on new petrol car sales to be bought forward
(DBN)

Business partner seeks stay relief in Exco bankruptcy to finish wells
(DBN)

There Are Fears About an Oil Spike Above $150
(DBN)

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Celebs:

Hayes seeks 'fresh start' with bankruptcy Hayes bankruptcy filing doesn’t reveal much
(DBN)

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Student Debt:

Insolvent insurer causes headache for Va. bank's student lending
(DBN)

New ‘Family Feud’-style game show wants to pay off your student loans
(DBN)

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Autos:

After massive bailout, GM not acting very grateful
(DBN)

How GM’s Bankruptcy Saved the Corvette
(DBN)

Elon Musk lashes out at the media, again Tesla's stock has been getting slammed since Elon Musk warned short sellers that their positions would soon 'explode'
(DBN)

Just How Bad Are Car Sales Going to Get?
(DBN)

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Pharma:

Cohodes Predicts MiMedx Bankruptcy 'Imminent'
(DBN)

Pharma companies pay FDA advisers after drugs are approved
(DBN)

Opioid Firm Places Profits Over People's Lives
(DBN)

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Debt Collection:

Federal court orders Tennessee to come up with a plan to restore licenses to motorists deprived of their right to drive for failure to pay court debt.
(DBN)

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Awards:

The Global 20 Firms Of 2018
(DBN)

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Auto Racing:

NASCAR's BK Racing, NY Racing Team Up for Daytona
(DBN)

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Apparel:

Pepperell Mills owner files for bankruptcy
(DBN)

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Healthcare:

Even When Insured, Heart Disease Can Bankrupt Poor Families
(DBN)

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Education:

First Coast Technical College lifted out of bankruptcy, launches new marketing plan
(DBN)

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Consumer Finance:

How Predatory Lenders Eat the Poor
(DBN)

Consumer protection agency, Congress balk at payday lending reform
(DBN)

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Mass Torts:

$117 Million Verdict Upheld in Talc Case
(DBN)

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Travel:

Ultra-Orthodox Men Delay Two More Flights Until Women Agree To Move From Their Seats
(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 (12 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (61 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 Commercial Chapter 11 Filings Decrease 49 Percent from Previous Year, Total Filings Fall 5 Percent
(DBN)

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Sales:

Spanish Peaks: What Happens When Leases Collide with a Bankruptcy Sale?
(DBN)

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Automatic Stay:

Customer alleges Huntington National Bank continued to collect debt despite bankruptcy filing
(DBN)

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Avoidance Actions:

Court Rules that University Does Not Need to Return Loan Proceeds to a Bankruptcy Estate
(DBN)

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Notice:

In Advance Watch, SDNY Bankruptcy Court Offers How-To Guide on Serving Process on Foreign Defendants and Applies Broad Implied Consent Standard under Stern and Wellness
(DBN)

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TBTF:

FDIC, Federal Reserve seek comment on proposed 2019 resolution plan
(DBN)

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Entrepreneurs:

Entrepreneurs in Bankruptcy Deserve Respectful Treatment, Not Punishment (In re Romero)
(DBN)

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Claims Trading:

Anti-Assignment Clauses Enforced to Void and Nullify Claims Purchases
(DBN)

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Leases:

Bankruptcy Court Holds That Termination of Lease Does Not Equal Termination of Estate Property
(DBN)

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Fraud:

Theranos Patients Sues Over Fake Blood Tests
(DBN)

Sacha Baron Cohen New Project Involves Trump University
(DBN)

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Personal Finance:

5 common white lies you should remove from your resume immediately
(DBN)

By 2-to-1, Americans Say Boys Easier to Raise Than Girls
(DBN)

10 signs you have an unhealthy relationship with money
(DBN)

How this couple saved enough to pay for their own wedding while living in New York City
(DBN)

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Coal:

Study: Trump coal and nuclear plan would boost pollution deaths
(DBN)

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Accounting:

Going concern regular issue in audit failures
(DBN)

Grant Thornton Beats Funds' Malpractice Suit At 5th Cir.
(DBN)

PwC ordered to pay $625.3 million over bank's collapse
(DBN)

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Bankruptcy Rules:

Meeting of The Judicial Conference Advisory Committee on Rules of Bankruptcy Procedure Scheduled For September 17
(DBN)

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Arbitration:

Calif. Looks To Make Itself An Arbitral Hub With New Law
(DBN)

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Footwear:

How 4 Shoe Companies Went Bankrupt and Stayed in Business
(DBN)

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Debt Collection:

To the U.S. Supreme Court: Does the FDCPA Apply to Non-Judicial Foreclosure Proceedings?
(DBN)

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UK:

The economy has slowed to a standstill, largely because of Brexit Brexit: JP Morgan to Move Dozens Out of UK May Tells Ministers to Do Their Brexit Duty Land Rover Workers React to Brexit Warning German Business Not Investing in UK Theresa May rejects offer of 2 more weeks of Brexit talks despite calling for negotiations to accelerate Global Law Firms Bulk Up In Europe As Brexit Approaches
(DBN)

RPC makes construction redundancies after collapse of major client Carillion
(DBN)

Trump 'angry baby' blimp gets green light to fly over London during president's visit A balloon of Trump as a 20-foot-tall angry baby has been cleared to fly over London for his diplomatic visit next week
(DBN)

Protect debt-ridden cathedrals from liquidation, report urges
(DBN)

Major landlords voted against House of Fraser CVA
(DBN)

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EU:

Central bankers pour cold water on EU spending ambition
(DBN)

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PIIGS:

Greece's Long Journey Back From The Brink
(DBN)

Italy has asked EU to extend GACS guarantee scheme for bad loans
(DBN)

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Canada:

Robust Information About Purchasers/Assignees May Be Required Before Contracts Will Be Assigned Under the CCAA
(DBN)

Drilling Down: Alberta Court Finds Production Volume Royalty Can Be an Interest in Land
(DBN)

Toys 'R' Us Survives Bankruptcy In Canada And Confirms It Is 100% Canadian-Owned And Operated
(DBN)

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South Africa:

Insolvency industry policy slammed for 'excluding blacks'
(DBN)

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Finland:

New report on bankruptcy proceedings and environmental liabilities
(DBN)

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China:

More than a third of Chinese millionaires want to leave China, here's where they want to go
(DBN)

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Ukraine:

The Deposit Guarantee Fund paid over UAH 7 billion in 2017 to depositors of insolvent banks
(DBN)

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India:

Mother Teresa Charity Employees Arrested For Allegedly Selling Babies In India
(DBN)

NPA crisis: Insolvency and Bankruptcy Code set to suffer setback
(DBN)

A solution for non-performing assets? The main criticism of the AMC proposal relates to the source of funding
(DBN)

For tackling NPAs, lean on IBC, not AMC
(DBN)

Debt-ridden man, 2 sons jump before moving train Revision Only Seeks to Maintain No. of Farmer Suicides
(DBN)

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Malaysia:

Former Malaysian PM charged in 1MDB corruption scandal
(DBN)

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South Africa:

Policy on appointment of insolvency practitioners flawed‚ ConCourt finds
(DBN)

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MENA:

Interpol Foundation Suspends Embattled Founder of Private-Equity Firm
(DBN)

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