June 21, 2018

The Daily Bankruptcy News

View prior editions: Click Here
View prior case summaries: Click Here
Search prior headlines: Click Here
Search prior case summaries: Click Here

Format For Mobile Device



Law:

3 Takeaways From The Recent Round Of Associate Raises • Another Firm Splits The Associate Compensation Baby, Giving Raises But No Bonuses • Attorneys Are Fleeing Norton Rose, So Telling Everyone They’re ‘Evaluating’ Raises Doesn’t Exactly Inspire Confidence • Elite West Coast Firm Matches $190K Market Salaries — And Throws In Extra Money For Summer Associates • 2 More Law Firms Match Cravath's Associate Pay Raises • Global Giant Finally Raises Salaries Across The U.S. • Reed Smith confirms it won’t raise associate salaries • Reed Smith Is B----- • Biglaw Firm Raises Salaries, But That Doesn’t Mean Everyone Is Happy
(DBN)

Allen & Overy accused of 'dragging its feet' over partner gender pay gap reporting • Slaughters and Freshfields reveal partner gender pay gap
(DBN)

Sherman Credits Both Creditor- and Debtor-Side Bankruptcy Work For Strong 2017 at Sills
(DBN)

Suit says Jones Day’s ‘black box’ compensation system hides pay bias
(DBN)

Should Lawyers Still Be Using Email?
(DBN)

Why Charge Less?
(DBN)

‘Diversity Fatigue’ In A Profession Where There’s Not Enough Diversity
(DBN)

#MeToo At Law Firms And What We Can Do About It
(DBN)

Lies, Damn Lies, And Whatever Cooley Law School’s Doing Right Here
(DBN)

Judge Denies Florida Coastal Law School's TRO Bid Against ABA
(DBN)

Judge Grants Prosecutors' Motion For Joint Trial Of Markel Murder Suspects, But Warns 'Be Careful What You Wish For'
(DBN)

‘Lawyers are like plumbers — both will be immune from the tech revolution’
(DBN)

Yes, Counselor, You'll Retire Someday. Avoid These Financial Pitfalls Now.
(DBN)

Allen & Overy Partners Meet in Miami Amid Merger Talks
(DBN)

Rennert, Arnold & Porter Head Toward Settlement in $214M Malpractice Case Arising From Bankruptcy Litigation
(DBN)

Allstate Dodges Sanctions, Sheppard Mullin Attorney Less Lucky
(DBN)

Panama Papers 2.0: Fall of Mossack Fonseca
(DBN)

Suit Alleging Houston Woman Seduced Prominent Texas Lawyer Settles
(DBN)

Trump orders end to his family-separation policy amid national furor • President Trump signs executive order on immigration, but says 'zero tolerance' will continue • What Trump's executive order on child separation does • Read the full text of Trump's executive order ending family separations at the border • Turns Out Trump's Executive Order Might be Illegal • Will detained migrant children be reunited with parents? No one seems to know • Trump Admin Has No Plans to Reunite 2,300 Children Already Separated from Their Parents • What’s In Trump’s Executive Order on Separating Migrant Families—And What It Is Missing • Trump signs an executive order to end family separations; will it spur lawsuits? • 'Children don't belong in jail': Critics are seizing on Trump's executive order to detain entire families together • Here's How Litigators are Pushing Back Against Trump's Border Policy • ABA asylum project attorney describes representing separated families at the border • Homeland Security drafts plan to end family separation • Migrant children say they've been forcibly drugged, handcuffed, and abused in US government detention • Immigrant children detained in Virginia facility say they were beaten while handcuffed and left nude in concrete cells • In an op-ed defending his ‘zero-tolerance’ immigration policy, Jeff Sessions argues children detained at the border get better treatment than some American kids • Fact check: Did Obama administration separate families? • Side-by-side photos show migrant children locked up in cages under both Trump and Obama • Former US immigration chief warns that hundreds of separated children will probably never be reunited with their parents • Corey Lewandowski Mocks Immigrant Girl With Down Syndrome • Fact-Checking Family Separation • Trump's former campaign manager Corey Lewandowski defends controversial comments on 10-year-old migrant girl with down syndrome affected by family-separation policy • Night terrors and numbness: Foster mom on trauma of separated migrant children • MI: Bethany Christian Services providing foster homes for 81 children due to border crisis • Family Separation Is Trump's Immigration Policy. Here's Why He Won't Own It • American, United Airlines: Don't fly migrant children separated from their families on our planes • Homeland Security press secretary fired back at United and American Airlines after they told the US government not to fly children separated from their parents on their planes • What Trump's 'zero-tolerance' immigration policy means for children separated from families at border • House GOP changes immigration bill to prevent DHS from separating families • The migrant children in tent cities could all have a suite at Trump's DC hotel for less than US government is spending on detaining them • 'Tent cities' for migrant children reportedly cost much more than detaining families together • Walmart blasts Trump administration's 'disturbing' detainment of migrant children in one of its former stores • Caseworkers are desperately trying to help the kids separated from their parents, but many are so upset they can't talk — or too young to speak • It's offensive and inaccurate to compare the current US border tragedy to the Holocaust • Melania pressed President to keep families together • Obama weighs in on family separation: Does US accept 'the cruelty of ripping children' from parents? • Immigration concern spikes over separated families • This is how much it costs to detain an immigrant in the US • What's in the two immigration bills getting a vote today
(DBN)

As Border Patrol searches its buses, Greyhound is pulled into immigration uproar
(DBN)

US May Strip Citizenship of Thousands
(DBN)

Gallup: Most Americans Against the Wall
(DBN)

Comey: I Support IG Report That Ripped Me
(DBN)

Trump Lawyer Cohen Is Said to Resign From Republican Committee • 'I think he's panicking': Michael Cohen appears to be sending Trump a ton of signals • National Enquirer publisher reportedly subpoenaed as part of Michael Cohen probe • Michael Cohen may be willing to dish on Trump, and it could help piece together 3 big threads of Mueller's investigation • Michael Cohen Probe Leads to Subpoena Over Trump-Model Affair Story • This Could Be Why Cohen Criticized Trump Directly on Family Separation Policy
(DBN)

Judge Denies Stormy's Request to Restart Case
(DBN)

Most Americans lack confidence in Trump to deal appropriately with Mueller probe • Here Might Be the Real Reason Giuliani's Hiding Behind IG Report to Delay Mueller Interview
(DBN)

Harvey Weinstein Lawyer Says She Is a Proud Feminist • Sandra Bullock Asked to be Fired Over Abuse
(DBN)

Officer shot, killed teen fleeing traffic stop
(DBN)

Woman may have served ex-lover's remains at barbecue
(DBN)

9 grammar rules you're probably breaking without realizing it
(DBN)

Man, 23, Charged For Tailpipe Tryst
(DBN)

______________

Judges:

SCOTUS: And then there were 14 – the remaining cases
(DBN)

WV: Supreme Court Justice Charged w/ Fraud
(DBN)

Judicial board seeks to remove Illinois judge who won’t step down after conviction
(DBN)

Judge’s order says Alabama court ‘literally had to beg for money’ to pay staff
(DBN)

Meet Dolly Gee, the Judge Who Will Consider DOJ's Request on Family Detentions
(DBN)

Judge Who Literally Wrote the Book on Corruption Indicted on Fraud Charges
(DBN)

______________

Wall Street:

Dow shapes up for 8th loss in a row as trade gloom lingers • US stocks set for a negative open, as trade fears, oil takes center stage
(DBN)

Nasdaq and Russell 2000 close at record highs
(DBN)

______________

Layoffs:

Northrop Grumman cutting 348 jobs
(DBN)

______________

Retailing:

After Toys "R" Us, Minnesota pension board looks at private equity strategy
(DBN)

Toys 'R' Us 'ridiculous' gift card policy slammed
(DBN)

Retailers Call Latest Tariff Threat ‘Reckless Escalation’ and Ask Congress to Intervene
(DBN)

Rent-A-Center faces possible downgrade on debt concerns
(DBN)

______________

Politics:

Trump bizarrely claims House Republicans 'applauded and laughed loudly' when they actually booed him mocking one of their colleagues • Trump claims remarks booed by lawmakers were well-received • GOP Lawmakers Refute Trump
(DBN)

GOP strategist Steve Schmidt denounces party, will vote for Democrats
(DBN)

Backlash against border policy grows, but furor could help Trump in midterms • Trump says he'll be 'signing something' on immigration and wants to keep migrant families together • 'When did we become the party of child abuse?': Geraldo Rivera rips Trump's zero tolerance policy in Sean Hannity interview that went off the rails • Trump: 'If you're weak' millions will overrun US • America is divided on dividing families • Corey Lewandowski just became the sneering, sarcastic face of the family separation crisis • “Stephen Actually Enjoys Seeing Those Pictures at the Border”: The West Wing Is Fracturing Over Trump’s Callous Migrant-Family Policy
(DBN)

The US under Trump has accepted 70% fewer refugees • The Trump administration is bragging about treating refugees well. Seriously
(DBN)

Wyden blasts Commerce boss Wilbur Ross on short sale of Russian-linked firm, conflicts of interests • Wilbur Ross proves bad behavior is new norm
(DBN)

White House seeks to merge Education, Labor departments
(DBN)

Trump reportedly threw Starburst candy at Merkel at G-7 meeting
(DBN)

How the GOP morphed from the party of Reagan to the party of Trump
(DBN)

Kobach Finally Follows Federal Judge's Orders
(DBN)

______________


Economy:

Federal Reserve chair makes the case for raising interest rates • Fed Chair Powell calls case 'strong' for more interest rate hikes
(DBN)

Most manufacturing jobs are dead ends, study finds
(DBN)

Many Americans Have No Emergency Funds
(DBN)

There's a controversy over whether the Trump administration secretly promised Apple that iPhones wouldn't be caught in the crossfire of a China trade war • Escalating U.S.–China tariffs would have global economic impact • Republicans and Democrats both hammer Commerce's Ross over messy Trump tariff process • Trump's burgeoning trade war with China is starting to get dangerous for the economy • EU fights back with levies on jeans and bourbon as Trump’s tariffs bite • China's boycott of US goods remains a real threat • Chinese investment in the United States has plummeted 92% this year • The Winners And Losers Of A Trade War With China • Retailers denounce tariffs as 'Trump tax' in escalated response • US proposes 25% tariff on China-made e-bikes • Trump Administration Considering 'Tariff Payments' to Farmers • Trump's burgeoning trade war with China is already affecting car manufacturers in the US • U.S. Commerce Dept probing 'profiteering' in steel after tariffs: Ross • 'Companies are going to get screwed': US businesses are trying to get exemptions from Trump's tariffs, and the process sounds like a mess • Why the Trade War Might not Be Ruinous • Daimler issues profit warning, blames US-China trade war • Bill Ford on the cost of Trump's steel tariffs: "Everything's gonna rise" • Lumber tariffs are making new homes even more costly • 'You are taxing US families': Senate slams Wilbur Ross for trade war • Shares in German auto makers fall after Daimler warning, tariffs proposal • US businesses and consumers could be the 'prisoners' of Trump's trade fight with China • China warns Trump's 'capricious' trade actions will hurt US workers
(DBN)

American cities are so expensive that they could increase the risk of a ‘demographic time bomb’
(DBN)

How Carmakers Trumped Themselves
(DBN)

40 Largest Cities Ranked for Economy
(DBN)

The last time the economy was this good, Trump thought it was terrible
(DBN)

Trump’s Immigration Policy Is Destroying the Economy • Why accepting refugees is a win-win-win formula
(DBN)

Senate rejects billions in Trump spending cuts
(DBN)

You won’t believe how many millennials still count on their parents for gas and cell phones
(DBN)

Needing to Undo Negative Interest Rates
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

MBA: Mortgage Applications Increase in Latest Weekly Survey
(DBN)

Housing affordability in America is the worst in nearly a decade and there's one clear culprit
(DBN)

15 cities where home prices are skyrocketing
(DBN)

Facing federal charges, Woodbridge Group finds buyer for $44M Bel Air lot
(DBN)

Existing home sales suffer from inadequate supply • NAR: "Existing-Home Sales Backpedal, Decrease 0.4 Percent in May" • A Few Comments on May Existing Home Sales
(DBN)

Faith in multifamily still strong despite month-over-month drop in permits
(DBN)

AIA: "Architecture firm billings strengthen in May"
(DBN)

California's housing market has reached a boiling point, and a typical home costs $600,000
(DBN)

____________

Municipalities:

Puerto Rico's new law moves to privatize power grid nine months after Hurricane Maria • Puerto Rico Signs Law to Overhaul Storm-Battered Energy Utility • Puerto Rico governor signs bill for partial privatization of PREPA
(DBN)

Tarp roofs remain in Puerto Rico
(DBN)

Puerto Rico Sales Tax trustee asks court to intervene in Commonwealth-Cofina dispute
(DBN)

Bond Market `Very Forgiving' of Alabama County's Record Collapse
(DBN)

Illinois Is Better Off Bankrupt
(DBN)

Once-Safest Muni Bonds Tarnished As Investors Await Downgrades
(DBN)

How Detroit's 'chief storyteller' is fighting back against the city's bad image
(DBN)

______________

Oil/Gas:

Oil prices slump as OPEC appears closer to deal on higher output • OPEC inches closer to reaching an oil output deal at its most contentious gathering in years
(DBN)

______________

Marijuana:

State Legalized Marijuana Businesses and Access to the Bankruptcy Code
(DBN)

Marijuana stocks are surging after Canada legalizes the drug
(DBN)

______________

Celebs:

Lil’ Kim’s Financial Woes Increase As Trustee Objects to Chapter 13 Bankruptcy • Report: Lil Kim’s Bankruptcy Case May Not Be Dismissed
(DBN)

In money and love, Boris Becker battles mounting woes
(DBN)

Sophia Amoruso on #Girlboss and Her Rags-to-Riches-to-Bankruptcy Tale
(DBN)

Lisa Marie Presley: Manager Lost My Money
(DBN)

______________

Electricity:

Increasingly Debt-Laden, Regulated Utility Sector Outlook Veers from ‘Stable’ to ‘Negative’
(DBN)

______________

Food/Beverage:

Closed Restaurant Savages Online Reviewers
(DBN)

______________

Pensions:

Lawsuits allege fraud, conspiracy in insolvency of St. Joseph Health Services of Rhode Island plan
(DBN)

______________

Student Debt:

The Bar Character And Fitness Process Is Flawed When It Comes To Student Loans
(DBN)

Americans are drowning in student-loan debt. The U.S. should forgive all of it
(DBN)

Comments of Academics to Department of Education's RFI Regarding Evaluating Undue Hardship Claims in Adversary Actions Seeking Student Loan Discharge in Bankruptcy Proceedings
(DBN)

Shady industry finds new way to charge student borrowers
(DBN)

Court Condemns DOE’s Approach to Student Loan Forgiveness for Corinthian Alums—for Now
(DBN)

Bankruptcy Judges Taking It Easy on Some Student Loan Borrowers
(DBN)

______________

Personal Finance:

How Much Money Do You Save by Cooking at Home?
(DBN)

How Long It Can Take You To Become A Millionaire By Saving $500 A Month
(DBN)

______________

Healthcare:

Trios bankruptcy approved, saving 1000 jobs. You'll still be taxed
(DBN)

Court Confirms Washington Hospital District Plan
(DBN)

______________

Solar:

After causing US solar tariffs, bankrupt Suniva wants to abandon solar panels
(DBN)

______________

Guns:

'Trump slump': gunmaker American Outdoor Brands hit by sharp sales drop
(DBN)

______________

Corporate Reform:

Kathy Who? Permanent Director of the CFPB Nominated by President Trump
(DBN)

______________

Fraud:

SEC Busts $102 Million Ponzi Scheme Targeting Financial Advisor Books Of Business
(DBN)

______________

Education:

Lessons for Academic Leaders from Modern Restructuring Practice
(DBN)

______________

 
New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (9 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (5 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)

______________

Discharge:

IRS Pays $175,000 in Damages for Willfully Violating Bankruptcy Discharge By Making Collection Attempts Upon Discharged Debtor
(DBN)

In Chapter 7, Lowballing Your Assets Can Cost You Your Bankruptcy Discharge
(DBN)

Sixth Circuit Court of Appeals Holds that Penalties Associated with Michigan Unemployment Benefits Fraud are Non-dischargeable in Chapter 13 Bankruptcy Cases
(DBN)

______________

Sales:

Chapter 7 Sale: Debtor Out of Luck Unless Property Is Abandoned
(DBN)

______________

Awards:

Vault 100 Rankings: The Most Prestigious Law Firms In America (2019)
(DBN)

Chambers USA 2018: Bankruptcy
(DBN)

______________

IP:

Supreme Court Is Asked To Leave Its Mark On Trademark Licensee’s Rights in Bankruptcy
(DBN)

______________

Religion:

Could Diocese of Providence Declare Bankruptcy — Now Facing Exposure to Tens of Millions
(DBN)

Cardinal Theodore McCarrick, former archbishop, alleged to have abused minor • Washington, D.C., Roman Catholic Archbishop Removed Over 'Credible' Allegations of Abusing a Teenager
(DBN)

______________

Cross-Border:

New York Court Welcomes Foreign Judgment Creditors : Russian Money Judgments Are Recognized, Despite the Debtor’s Pending Insolvency Proceeding in Russia
(DBN)

Lehman’s European Plan Approved in New York Bankruptcy Court
(DBN)

U.S. Bankruptcy Court Recognizes a Foreign Plan of Reorganization and Enforces Third-Party Releases in the Chapter 15 Context
(DBN)

______________

Means Test:

Rental Expenses Not Included in Ch. 13 Disposable Income Calculation
(DBN)

______________

Prepacks:

The Incredible Shrinking Bankruptcy Case
(DBN)

______________

Plan Confirmation:

Designated Survivor: Ninth Circuit Rejects Designation of Secured Creditor’s Unsecured Claim under Section 1126(e) of the Bankruptcy Code
(DBN)

______________

Travel:

Carry-on alert: TSA urges separate screening for powders
(DBN)

What the Airline Knows About the Guy in Seat 14C
(DBN)

______________

Construction:

Litigation looms in MGT Construction's $28M debt, $50K assets bankruptcy
(DBN)

______________

Media:

Gawker Auction Set For July After Stalking Horse Offer OK'd
(DBN)

______________

Coal:

A new report shows where our energy will come from 30 years from now — and coal is the biggest loser
(DBN)

After $1 million legal battle, Campbell County wins settlement over coal company's unpaid taxes
(DBN)

______________

UK:

A director’s liability when the liquidator comes calling
(DBN)

England fans filmed performing Nazi salutes and singing anti-Semitic songs in World Cup 2018
(DBN)

'Vultures are circling' over Beatties and House of Fraser ahead of crunch vote
(DBN)

Brexit Brings Britain's Economy to a Standstill
(DBN)

______________

EU:

Germany, France push for easier debt restructuring in euro zone
(DBN)

______________

PIIGS:

Ex-Anglo Irish Bank chief David Drumm sentenced to six years in jail
(DBN)

Greece expects substantive debt relief conditions from Eurogroup • Greece awaits debt relief measures after nearly a decade of austerity • Greece's Creditors Are Said to Plan Post-Bailout Commitments • Greece facing post-bailout challenges
(DBN)

______________

Canada:

Builders of Gehry's Toronto towers brace for dip as market cools
(DBN)

The Canadian steel industry – forging a future on shifting sands
(DBN)

Canada PM Trudeau pressured to suspend US refugee agreement in face of 'unacceptable' policy
(DBN)

______________

India:

Addressing the Insolvency and Bankruptcy Code's oversights and flaws
(DBN)

How Insolvency And Bankruptcy Reforms Are Helping Clean Up The NPA Mess
(DBN)

Cross-border insolvency: Rules to help lenders access foreign assets
(DBN)

Payments crunch pushes Indian power producers to brink of default
(DBN)

______________

Singapore:

Singapore's New Insolvency & Restructuring Regime - One year on
(DBN)

Recognition of Foreign Insolvency Representatives under the UNCITRAL Model Law ý the Public Policy Exception in Singapore
(DBN)

______________

Romania:

Real estate investor becomes first Romanian to enter personal bankruptcy
(DBN)

______________

Australia:

'This isn't a suburban golf club': Federal judge slams disgraced businessman Salim Mehajer for trying to delay bankruptcy annulment case 'at the eleventh hour'
(DBN)

______________

MENA:

What exactly is going on at Dubai private equity firm Abraaj • Abraaj founder apologizes “unreservedly” in memo to employees • Abraaj agrees to sell 4 major market funds to US group
(DBN)

______________

Venezuela:

Venezuela's creditors working on eventual debt restructuring : source
(DBN)

_____________


The Daily Bankruptcy News is primarily a curated news link gathering service.   Most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subscription fee is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use. If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid service subscription. These links are currently marked with a "DBN" notation. The cost of a subscription is $65/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links.

New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase.

Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested. There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear. You do not need to type anything in the body of the email message. Note that the email asking for removal must be sent from the same email address which is on our distribution list. If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

If receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list.

Press Releases/News Tips
Please send press releases and news tips to admin@bkinformation.com

Contact Us
The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C. You can phone or text us at 281-402-3957. You can email us at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries). Our mailing address is 935 Eldridge Road, No. 350, Sugar Land, Texas 77478.
Copyright 2018