June 18, 2018

The Daily Bankruptcy News

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Law:

When Your Firm Is This Profitable, You Really Have To Raise Associate Salaries • Let The Good(win) Times Roll For These Associates Getting Raises • Biglaw Firm Assures Associates They’ll Get Market Compensation • Mo Money, Mo Problems • Magic Circle Joins The Raise Party • These Boutiques Aren't Hesitating to Match Milbank on Associate Pay • Summer Salary Wars: Which Firms Have Announced Raises And Bonuses? (2018) • West Coast Represents In The Salary Wars! • Chicago! Time To Get Your Raises! • DC Law Firms Watch and Wait as Associate Raises Spread • 3 NY Boutiques Among Those Matching Milbank on Associate Pay • With Over 2 Billion In Revenue, Of Course This Firm Raised Associate Salaries • Another Magic Circle Firm Decides To Raise Associate Salaries — In The U.S. • Looks Like Partners At These Firms Need To Start Sharing The Wealth • Is the Associate Starting Salary Contagion Contained? • Survey Shows In-House Legal May Rethink Staffing After Associate Raises - Or Maybe Not
(DBN)

The Law Firm Disrupted: Salary Wars Were So Last Week, Here Come the Training Wars?
(DBN)

Prospering in the 'New Normal' - Raising Costs and Declining Demand are Sapping Profits
(DBN)

Female Attorneys Share Harassment Stories After Senate Hearing
(DBN)

Landing Big Clients: Top Women Partners Reveal How It's Done
(DBN)

The Real Key To Killing It As A Lawyer
(DBN)

6 Practice Trends To Watch for In Q3 / Q4 2018 – California (Part II)
(DBN)

What's Market-Rate Compensation for a Midlevel Associate Heading In-House?
(DBN)

In Defense Of Paper
(DBN)

Law Firm Demographics and the Talent Landscape
(DBN)

4 Ways To Become Influential At Your Law Firm
(DBN)

At Last: Convict-Turned-Skadden Fellow Set to Join Washington Bar
(DBN)

Law firm that used job candidate’s statements in lawsuit won’t be sanctioned
(DBN)

The Ethical Implications Of Artificial Intelligence
(DBN)

5 Lessons For Law School Graduates From Mindy Kaling’s Dartmouth Commencement Speech
(DBN)

Scott Pruitt’s Daughter Got Into An Elite Law School After Her Dad Pulled Some Strings
(DBN)

Canadian Supreme Court Shames U.S. Supreme Court On Gay Rights In Law Schools
(DBN)

Trump says he feels 'badly' for associates in Mueller's crosshairs and doesn't rule out pardoning them • Trump advisors reportedly seeking a pardon for ‘junk bond king’ Milken
(DBN)

Trump claims Comey’s actions were “criminal” • The Complicated Truths of the DOJ’s Inspector General Report • 4 key takeaways from the inspector general’s report on the FBI, Comey, and Clinton • James Comey: I don’t agree with the IG report, but “this is how the process is supposed to work” • Trump says Clinton email report 'totally exonerates me' — but that's not true • Peter Strzok's Lawyer: Client Will Voluntarily Testify Before Congress. No Subpoena Needed.
(DBN)

Judge Orders Paul Manafort to Jail in Wake of Witness Tampering Claims • A federal judge has sent Paul Manafort to jail • Rudy Giuliani says the Russia investigation could get “cleaned up” with pardons hours after Paul Manafort was jailed • Trump: “Very unfair” that Manafort was sent to jail after alleged witness tampering • Paul Manafort’s Bond Revoked, He’s Going To Jail Now • Mueller's team accused Manafort of 'foldering,' a technique used by drug cartels and terrorist groups to secretly communicate • Ex-Trump campaign boss Paul Manafort sent to jail as judge revokes bail after witness tamper charge • Trump bungles basic legal facts after Manafort jailed for witness tampering • Paul Manafort's chances of flipping against Trump just went through the roof • Trump supporters won't like the rulings in these 3 court cases • Rudy Giuliani just sent a clear signal to Paul Manafort not to flip after being jailed • Roger Stone now says he met with a Russian during the campaign who offered dirt on Clinton for $2 million • Trump probably didn’t know Roger Stone met with Russian, Giuliani says • Rudy Giuliani again calls for Mueller investigation to be investigated
(DBN)

Clapper: There was a "suspect" in Kremlin-WikiLeaks DNC email transfer
(DBN)

Trump says his misleading statement to reporters about the Trump Tower meeting with Russians is 'irrelevant' because it's 'not a statement to a high tribunal of judges'
(DBN)

Cohen is open to the idea of cooperating with prosecutors: Report • Trump says Cohen is no longer his lawyer • Cohen Fails to Get Avenatti Restraining Order • The government just pieced together 16 pages from Michael Cohen's paper shredder and obtained thousands of his encrypted messages • Feds Capture Trove Of Cohen's Encrypted Messages • 24 hours in Michael Cohen’s many legal troubles
(DBN)

Well, That Was An Incredibly Stupid Thing For A Defense Attorney To Say: Harvey Weinstein Edition
(DBN)

The House GOP says their new bill bans separating families at the border. That’s a lie • Trump says he won't sign GOP immigration bill that would stop separating families at border • American Trauma • Pressure grows on Trump to change border policy for kids • The Trump administration’s policy of separating families is designed to erase hope • DHS reports about 2,000 minors separated from families • Trump just said he “certainly wouldn’t sign” an immigration bill his White House helped write • ICE raids, 'collateral' arrests spark terror in immigrant communities • The history of the Bible verse the White House uses to justify separating families • Photos show Border Patrol's largest processing facility, where families are separated and hundreds of migrant children are kept in cages • Democrats, activists rally against Trump's family separation policy • Trump policy of separating families at border puts pressure on Republicans • A young girl separated from her aunt at a Border Patrol facility had to get her diapers changed by other children • Meet Stephen Miller, the 32-year-old White House adviser who convinced Trump to start separating migrant children from their parents at the border • Somehow We Knew He Was Behind This All • Trump Falsely Blames Dems for Border Policy • Conway, first lady say they dislike separations of immigrant families, but don’t call for end to policy • Inside Texas' New Tent City for Children • US Has Shown No Mercy to Refugees Before • Trump Admin Favorably Cites Japanese Internment Case in Effort to Deny Detainees Rights • Donald Trump Doesn't Want to Take Credit for Separating Families, But Jeff Sessions Does • Hayden Compares US Border Policy to Nazis • 'It is immoral': Former first lady Laura Bush criticizes the separation of migrant children from their parents
(DBN)

Kellyanne Conway's Husband Says Feds Should Look into Alleged Trump Campaign Finance Violations
(DBN)

Trump fails for the third time to stop the Summer Zervos defamation lawsuit
(DBN)

Rising clarinet star's ex-girlfriend must pay $375,000 for trying to sabotage his career • University student awarded damages after his girlfriend deleted an email awarding him a scholarship
(DBN)

NJ: Gunman Shots 22 at Festival
(DBN)

The neighbor who tackled Sen. Rand Paul is sentenced to 30 days in prison
(DBN)

Disbarred lawyer who served 6 years in prison has conviction overturned and won’t be retried
(DBN)

Bill Gross allegedly used stinky sprays, dead fish on $36 million home that he lost in divorce
(DBN)

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Judges:

Disbarred lawyer gets new ethics trial because of bankruptcy judge's testimony
(DBN)

Senate Judiciary Committee chair Grassley suggests judiciary needs an inspector general
(DBN)

Justices release financial disclosures
(DBN)

This Federal Judge (Still) Thinks This Witness Is A Jerk
(DBN)

Chief Justice Roberts Speaks Favorably About Judiciary's New Law Clerk Plan
(DBN)

Law Clerk Vacancy Announcement - US Bankruptcy Court, Denver, Colorado
(DBN)

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Wall Street:

US stocks expected to tumble at the open, as trade tensions escalate • Dow futures fall more than 100 points as trade worries persist
(DBN)

European markets lower as China-U.S. trade tensions intensify • European stocks slump as Merkel comes under pressure in Germany • U.K. stocks fall as trade conflict spooks traders
(DBN)

Stocks stumble as the US and China hit one another with billions of dollars worth of tariffs • Stocks end down—but off lows—as investors look past U.S.-China ‘chest beating’ on trade
(DBN)

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Layoffs:

Laid off when casinos closed, back to work with reopenings
(DBN)

Qualcomm layoffs hit 241 workers
(DBN)

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Healthcare:

Why are Americans so sad?
(DBN)

Ted Cruz thinks it’s “reasonable” to argue ACA’s preexisting conditions rules are now unconstitutional
(DBN)

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Travel:

How to pick your plane for your next trip
(DBN)

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Taxis:

Another NYC Cab Driver Commits Suicide
(DBN)

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Entertainment:

New Weinstein Company Owners Settle ‘Hotel Mumbai’ Rights Dust-Up • Lantern Gives Up Rights to 'Hotel Mumbai' to Settle Producer's Weinstein Fraud Claim • ‘Hotel Mumbai’ Producers Strike Deal to Escape Weinstein Bankruptcy
(DBN)

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Student Debt:

Rubio, Warren: States depriving student loan borrowers of their right to earn a living
(DBN)

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Turnarounds:

Caesars Entertainment CFO Eric Hession on Making a Turnaround
(DBN)

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Debt Collection:

CFPB Fines Debt Collector Security Group $5 Million
(DBN)

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Distressed Investing:

Distressed debt funds tap into fears over credit cycle
(DBN)

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Economy:

America’s economy outpaces its global competitors
(DBN)

U.S. government and corporations aren’t betting on rates rising much higher
(DBN)

Why heads are exploding at the Fed
(DBN)

Fed's Kaplan : Open-minded about the possibility of fourth rate hike
(DBN)

The amount of money in our paychecks is slowly increasing
(DBN)

Trump warns China not to retaliate against new tariffs • Trump to slap a 25% tariffs on up to $50 billion of Chinese goods; China says it will retaliate • China says tariffs of 'same scale' coming immediately • Trump Has Approved $50 Billion in China Tariffs as the Superpowers Inch Toward a Trade War • Trump keeps his promises on trade • China: 'The US has launched a trade war' • China fires back at Trump with tariffs on US goods, says it's time to end 'outdated and regressive • Why China 'holds all the aces' in a full-blown US-China trade war behavior' • Depression-era program could help US farmers in trade war, says former USDA secretary • Here’s all the stuff the U.S. imports from China that’s causing a huge trade deficit • Why the U.S.-China trade deficit is so huge: Here’s all the stuff America imports • Escalating U.S.-China trade spat comes at a bad time for global growth, economist says • Wynn Resorts and other US companies could get hit in a US-China trade war • Chinese tech CEO: A trade war would hurt 'a lot of American brands' • China surprises with threat on U.S. energy exports • Just the Fear of a Trade War Is Straining the Global Economy • Escalating U.S.-China trade spat comes at a bad time for global growth, economist says • Consumers Will Pay for Trump's Trade Wars • Fed's Kaplan says trade is an opportunity, not threat • The Rising Cost of America First • US Congressman: Get Ready for Auto Tariffs
(DBN)

Social Security needs immigrants • The financial hole for Social Security and Medicare is even deeper than the experts say
(DBN)

The Only Dark Cloud Over the US Economy
(DBN)

The economic realities of non-white Americans
(DBN)

America's College Graduation Problem
(DBN)

Job prospects for the Class of 2018 are vastly different from 10 years ago
(DBN)

New warnings about cuts to Social Security and Medicare are a reason to worry
(DBN)

Counties Where the American Dream is Dead
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Reverse Mortgage Update: New York Law Mandates New Foreclosure Notices and Certificate of Merit
(DBN)

Home listing prices are flat or falling in these 10 cities — has the market reached its peak?
(DBN)

Las Vegas home prices most overvalued in US, report says
(DBN)

Minimum wage, minimum housing prospects
(DBN)

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Municipalities:

Hurricane Maria: devastation in Puerto Rico • Nine Months After Hurricane Maria, Congress Isn't Doing Much to Help • Puerto Rico's Non-Recovery
(DBN)

First Hurricane Maria, now this: a Puerto Rico town mourns the loss of its school
(DBN)

Puerto Rico's Case For Independence Due For UN Debate
(DBN)

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Oil/Gas:

The U.S.-China trade battle bleeds into oil • Oil Slumps 3 Percent on OPEC Supply, China's Tariffs
(DBN)

The Fed Is Driving Down Oil Prices
(DBN)

Rig count falls by three
(DBN)

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Biofuels:

Farmers Protest Pruitt's Ethanol Policies
(DBN)

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Fraud:

U.S. files criminal charges against Theranos founder Elizabeth Holmes and No. 2 Ramesh ‘Sunny’ Balwani • Theranos founder Elizabeth Holmes and former president Balwani charged by feds with fraud • Theranos' Holmes Faces Decades in Prison • Theranos investors say they were pressured to abandon lawsuit • Theranos Patient Fraud Charges May Move a Jury More Than Money
(DBN)

A year on, unwitting victims of Bernie Madoff still suffer, while the lawyers enjoy the pickings
(DBN)

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Autos:

Elon Musk's plans for Tesla keep getting weirder and it could put the company's future at risk • Elon Musk tells Tesla employees that 'radical improvements' are needed to hit quarterly targets • Tesla Fights 'Treat Workers Well' Law • Tesla's Solar Business is in Trouble
(DBN)

Audi CEO arrested in Germany over diesel scandal
(DBN)

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Healthcare:

AZ: Bankruptcy forces abrupt closure of Gilbert Hospital, Florence Hospital at Anthem • Two Arizona hospitals closing due to financial struggles
(DBN)

Patent & Opioid Litigation Deep Dive
(DBN)

The next health care wars • Why health care costs so much • Where America's health care spending goes • Medicare is running out of money
(DBN)

Health care is top voter priority in 2018 • Republicans' next war: Pre-existing conditions • Democrats' next war: Medicare for all
(DBN)

Hundreds of Billions to Solve Opioid Crisis
(DBN)

People who are religious may live an average of four years longer
(DBN)

N.Y. Assembly passes single-payer universal health care legislation
(DBN)

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Corporate Reform:

Trump set to nominate budget official to succeed Mulvaney as consumer watchdog • Trump's Next Pick to Run the CFPB • New CFPB Pick Disliked by Left and Right
(DBN)

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Celebs:

'RHONJ' stars Teresa and Joe Giudice reportedly almost done with bankruptcy case • 'Real Housewives of New Jersey' star Teresa Giudice has bankruptcy case dismissed
(DBN)

Germany's retired tennis star Boris Becker claims 'diplomatic immunity' to thwart bankruptcy • Report: CAR foreign minister says Boris Becker not diplomat
(DBN)

Bankrupt ‘Catwoman’ Jocelyn Wildenstein Accused Of Stiffing Jewelry Store Out Of $250,000
(DBN)

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Magazines:

Andy Warhol’s magazine is dead. No wait, it’s back! Inside Peter Brant’s latest magic trick
(DBN)

Skin in the Game: Penthouse Gets Bought
(DBN)

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Personal Finance:

More American dads are taking advantage of paid family leave
(DBN)

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Solar:

SQN Releases Suniva From Bankruptcy, Plans to Reboot Operations • Suniva to resume solar ops with new partner, creditor says • Suniva , starter of trade battle, seeks new life
(DBN)

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Sports Facilities:

The LakePoint Effect? Officials weigh in on economic impact of facility's bankruptcy
(DBN)

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Construction:

MGT Construction trustee eyes potential litigation
(DBN)

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Education:

Bankruptcy judge OK's sale of McNally Smith building
(DBN)

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Finance:

High demand for collateralized loans weakens lender protections
(DBN)

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Farming:

Judge in farm bankruptcy orders unusual auction of Crystal Sugar payment
(DBN)

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Private Equity:

Tensions rise as private equity-backed companies push limits
(DBN)

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Maritime:

Yangpu Sinowell Shipping dismisses bankruptcy rumors
(DBN)

The latest OW Bunker ruling explained
(DBN)

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New Bankruptcy Opinions
(12 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 (9 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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Discharge:

Get It in Writing
(DBN)

10th Circuit affirms finding that notice sent to counsel that represented creditor 4 years ago may be sufficient to discharge debt
(DBN)

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Arbitration:

Second Circuit affirms bankruptcy and district court decisions to deny motion to compel arbitration given the conflict between arbitration and the Bankruptcy Code
(DBN)

Bank Wants Justices to Review Arbitration-Bankruptcy Conflict
(DBN)

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Automatic Stay:

Punitive Damages for Violations of the Automatic Stay: Bankruptcy Code 362(k)
(DBN)

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Plan Confirmation:

Ninth Circuit Affirms Creditors’ Ability to Buy Blocking Position of Unsecured Claims
(DBN)

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Bankruptcy Remoteness:

The Fifth Circuit Considers Enforceability of “Golden Share” Provisions in Franchise Services
(DBN)

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Miscellaneous:

Rochelle
(DBN)

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Politics:

Trump wants “his people” to “sit up at attention” like North Koreans • Trump loves how North Koreans treat Kim Jong Un: “I want my people to do the same” • Report: Jared Kushner helped establish back channel with North Korea • Trump Unhappy Over No Praise for Korea Deal
(DBN)

Trump said he doesn’t think NFL players are protesting “a real issue”
(DBN)

Trump Popularity By State • Trump may win second term because his supporters say 'they still don't hear us' • ‘Cult’ or Not, Trump’s Grasp on the Republican Party Is Stronger Than Ever
(DBN)

Fact-checking Donald Trump's interviews with Fox and Friends, reporters on the White House lawn
(DBN)

White House aides reportedly tried to ignore Trump's request to set up a meeting with Putin
(DBN)

When POTUS goes off-script
(DBN)

Trump 2020 working with ex-Cambridge Analytica staffers
(DBN)

A right-wing dark money group called on Trump to fire Scott Pruitt
(DBN)

Lies, China And Putin: Solving The Mystery Of Wilbur Ross' Missing Fortune
(DBN)

Trump called a female reporter 'obnoxious' and told her to be 'quiet'
(DBN)

'Trump is ours!': Russian state TV celebrates Trump's suggestion that Crimea is part of Russia
(DBN)

Southern Baptists Call Off the Culture War
(DBN)

Trump is Nothing Without the Senate
(DBN)

The West Will Die So That Trump Can Win
(DBN)

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Retailing:

JCPenney is selling its three private jets to cut costs after its CEO flees
(DBN)

Toys 'R' Us Mascot, Orphaned by Bankruptcy, Finds Home
(DBN)

Private label supplier to Toys R Us was left with $500K of inventory
(DBN)

Big Lots, Ollie's snatch up Toys R Us store sites
(DBN)

Bankrupted Toys ‘R’ Us Is Selling Hundreds of Weird Domain Names
(DBN)

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Tech:

Cambridge Analytica to face Facebook users in bankruptcy
(DBN)

Scandal-ridden Cambridge Analytica is gone but its staffers are hard at work again
(DBN)

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UK:

Here are Theresa May's options for immigration after Brexit • UK: May Doesn't Want Brexit Overturned • EU: England Ready to Accept Soft Brexit
(DBN)

Carillion's troubles were shrouded in a fog of goodwill
(DBN)

Transfers at undervalue: A risk to lenders and purchasers
(DBN)

Fewer than one in 20 street robberies and burglaries are being solved by police
(DBN)

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PIIGS:

Ten years on, how countries that crashed are faring
(DBN)

Seán Dunne's US bankruptcy official seeks further Irish loan
(DBN)

Debt , tourism saturation and immigration curb Greek hopes
(DBN)

Greece to receive more funds from EU to relieve debt-stricken country
(DBN)

Greece Creditors Debate Extensions on Bailout Loans
(DBN)

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Canada:

The foundation of Canada's financial system has a few cracks
(DBN)

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Australia:

All-you-can-eat offer bankrupts restaurant in just two weeks
(DBN)

State of Play: Restructuring, distressed and debt market
(DBN)

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India:

Distressed asset funds eye buyout deals ahead of bankruptcy process
(DBN)

Unravelling the fine print of the ‘new’ IBC
(DBN)

Delay in resolving insolvency cases has cost banks ?25,000 cr
(DBN)

Hope to recover Rs 2,000 crore from NPA resolution in FY'19, says IFCI
(DBN)

Tackling the NPA problem
(DBN)

State banks may ask big borrowers for more proof before handing out loans
(DBN)

Unravelling the fine print of the 'new' IBC
(DBN)

India's debt-laden banking sector needs revamping, but government has limited options
(DBN)

Sale of bankrupt companies stuck in litigations
(DBN)

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MENA:

Trump ambassador (bankruptcy lawyer) blocks scrutiny of Israel
(DBN)

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Poland:

70 companies went bankrupt in May – Euler Hermes
(DBN)

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Latvia:

Murder of insolvency administrator could be linked to missing person case
(DBN)

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Venezuela:

Venezuela Forced To Shut Down Production As Operations Fall Apart
(DBN)

Start Your Engines: Are We Going to See More Creditor Recovery Efforts in Venezuela?
(DBN)

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