June 22, 2018

The Daily Bankruptcy News

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Law:

Getting A Raise Is The Best Way To Start The Day • Elite West Coast Biglaw Firm Comes To Play In The Compensation Game • Another Biglaw Firm Decides They’re Ready To Join The Compensation Big League • 4 More BigLaw Firms Catch Up To Associate Salary Raises • Akin Gump hikes London pay, joined by Kirkland • It’s Apparently A Great Day To Get A Raise In Biglaw! • The Essential Salary Scorecard: Which Firms Have Announced Raises And Bonuses?
(DBN)

BigLaw's Associate Salary Model Is A Relic Of A Bygone Era
(DBN)

This Firm Is The Most Prestigious In The US, Associates Say • Trump Lawyer’s Firm Knocked From Top 100 Prestige List
(DBN)

Outwit, Outplay, Outlast: A Post-Recession View of the Survivors
(DBN)

What Drives Your Profit Per Equity Partner?
(DBN)

What’s In A Name? Everything!
(DBN)

These Practices Will Drive Legal Hires In The Next 6 Months
(DBN)

Ogletree's Bid To Transfer Sex Bias Row Stalled As Suit Grows
(DBN)

Blame the Black Box? Jones Day Bias Suit Puts Spotlight on Compensation
(DBN)

UK: Female solicitors outnumber men for first time
(DBN)

The Dubious Practice Of Law Profs Enlisting Friends On Other Faculties To Get Articles Accepted In Their Home Law Reviews
(DBN)

MPs attack Allen & Overy
(DBN)

Sometimes You Have To Embarrass The Boss
(DBN)

Ex-Dewey CFO Disbarred By Fraud Scheme Felony Conviction
(DBN)

How Many Lawyers Does It Take To Get To $10 Million In Profits?
(DBN)

In a significant blow to Manafort's defense, a federal judge struck down his motion to suppress evidence against him in the Russia probe
(DBN)

Trump has complete control over the one factor that could lead Michael Cohen to flip • Tom Arnold tweets pic with Michael Cohen, says he 'has all the tapes'
(DBN)

There's a huge catch in Republican threats to hold Rod Rosenstein in contempt of Congress
(DBN)

Trump questions the 'purpose' of House immigration bills only hours before critical votes • Sessions: We "never really intended to" separate families • How Lawyer Moms of America quickly gained 10,000 members to oppose family separations • Trump immigration reversal followed pressure from Melania, Ivanka and GOP lawmakers • The billion-dollar, secretive business of operating shelters for migrant children • Man Arrested for Possessing Child P--- Hired to Manage Children at Migrant Detention Center • FactCheck: "You can’t (end the separation of families at the border) through an executive order." • TX Gov declared only Congress can fix family separations shortly before the president ended the policy • How Will Detained Children Find Their Parents? • Around 500 migrant kids who were separated from their parents at the US border have reportedly been reunited with their families • The Trump administration wants the Pentagon to hold thousands of immigrant children on military bases • Pentagon asked to prep housing for up to 20,000 unaccompanied migrant children on military bases • Ex-Border Chief: Separating Families is New • Inside a Center for Separated Children in New York • Where Migrant Children Are Held Across the U.S. • Confusion erupts after Trump signals more reversals on his controversial border policies • 'The Person I Knew Had a Conscience': Kirstjen Nielsen's Law School Classmates Call Her Out • Homeland Security Secretary Gets Called Out By Former Law School Classmates • Meet Kirstjen Nielsen, the Homeland Security chief at the center of the controversy over family separations at the US-Mexico border • First Lady Visits Border • Melania's Jacket: I Really Don't Care. Do U? • Melania Trump’s Coat Sends a Message, but to Whom? • Trump contradicts Melania's spokeswoman and says first lady's controversial jacket had a message • How Some Immigrant Families Are Avoiding Separation • I was sent to a Japanese internment camp when I was 5 — but even we weren't pulled screaming from our mothers' arms • History: Times We've Taken Kids from Parents • A satellite view of a shelter housing migrant children • FactCheck: "There's been a 1,700 percent increase in asylum claims over the last 10 years." • For a 6-Year-Old Snared in the Immigration Maze, a Memorized Phone Number Proves a Lifeline • Trump Asks Calif. Court To Extend Immigrant Kid Detentions • Decades-old legal framework shields migrant kids from long-term detention
(DBN)

ABA president will visit Texas-Mexico border to assess how America’s lawyers can help
(DBN)

House vote on "compromise" immigration bill delayed until next week • Trump: GOP should wait until after midterms to pass immigration bill
(DBN)

Why Central Americans flee to the U.S. despite "zero tolerance"
(DBN)

The feds are moving ahead with private land seizures to make room for Trump's border wall
(DBN)

Intel's Brian Krzanich is forced out as CEO after 'consensual relationship' with employee • Michigan State Board Weighs How to Pay $500 Million Nassar Settlement • P--- industry awaits its #MeToo moment
(DBN)

Cop For Just 90 Minutes: Shot Unarmed Teen
(DBN)

Texas lawyer’s wife settles suit claiming woman seduced her husband and induced money transfers
(DBN)

Police: Man kills lawyer, self, hours after divorce is final • Divorce lawyer is shot and killed by his client’s former husband, police say
(DBN)

Suit claims landlord didn’t see lawyer’s clause freezing his rent in perpetuity
(DBN)

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Judges:

Supreme Court deems SEC in-house judge hiring unconstitutional • US Supreme Court Says SEC In-House Judges Are More Than 'Mere Employees'
(DBN)

Courts Need New Judgeships, Judicial Conference tells Congress
(DBN)

NY Judge Resigns in Case Over Rude Treatment of Litigants
(DBN)

State supreme court justice accused of fraud, lying to federal agents in 22-count indictment
(DBN)

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Wall Street:

Dow set to rally after 8-session skid blamed on trade fears
(DBN)

The Dow falls for an 8th straight day
(DBN)

Day trader tries out ‘demo’ platform, ends up with actual $5 billion position
(DBN)

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Layoffs:

Tesla layoffs prompt closure of several solar facilities
(DBN)

100 Positions Eliminated From Tulsa-Based Business
(DBN)

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Retailing:

Barnes & Noble loss widens amid 'aggressive' turnaround
(DBN)

Australia's Toys R Us stores to close down
(DBN)

Orphaned by bankruptcy , Toys 'R' Us mascot Geoffrey finds a home
(DBN)

J.Crew, mired in debt, is trying to turn around its business
(DBN)

David's Bridal downgraded as it looks to drop debt
(DBN)

Amazon and other online retailers are getting hit after the Supreme Court rules states can collect taxes on internet sales • Supreme Court rules that states can force online shoppers to pay sales tax • Did The Supreme Court Potentially Bankrupt Tens Of Thousands Of Small Online Businesses? • Supreme Court decision to allow more online sales tax worries small business groups • Why Amazon is the winner of the Supreme Court sales tax ruling • If you've been ducking sales taxes for your online purchases, it's game over • Opinion analysis: Court expands states’ ability to require internet retailers to collect sales tax • U.S. sales-tax fix has global parallels • Wayfair: No major impact from Supreme Court tax decision • SCOTUS ruling on internet sales taxes means consumers will pay billions more
(DBN)

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Environment:

Report finds industrial chemicals more toxic than thought
(DBN)

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Healthcare:

Judge approves HCR ManorCare's bankruptcy plan
(DBN)

Washington hospital avoids closure, saves 1000 jobs
(DBN)

Kennewick hospital could have new owners in a month
(DBN)

Trios Health establishes plan to emerge from bankruptcy
(DBN)

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Farming:

Wayne E. Bailey to emerge from bankruptcy protection
(DBN)

The latest blow to struggling family farms: rising interest rates
(DBN)

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Corporate Reform:

Here’s what really happens during a CFPB examination under Mulvaney’s watch
(DBN)

Mick Mulvaney says CFPB can’t be a ‘gold-standard’ agency while it’s still ‘Elizabeth Warren’s baby’
(DBN)

District Court Judge Rules CFBP is Unconstitutionally Structured
(DBN)

What Kathy Kraninger's nomination might mean for the CFPB
(DBN)

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Economy:

Leading indicators up in May, still short of expectations
(DBN)

Fed's Kashkari says long-term effect of Trump tax cut is still unclear
(DBN)

Weekly Initial Unemployment Claims at 218,000
(DBN)

Head Scratcher for Fed’s Powell: the Right Jobless Level
(DBN)

Philly Fed Manufacturing Survey "Suggest Continuing Growth" in June
(DBN)

Immigration plays a key role in economic growth, Kashkari says
(DBN)

Record-High 75% of Americans Say Immigration Is Good Thing
(DBN)

Nearly two-thirds of CFOs say US trade policy will hurt their companies over the next 6 months • Commerce Secretary Ross: 'The ultimate objective of the president is to reduce tariffs' • Volvo: Tariffs Threaten New US Factory • Ross: Canada Not a National Security Threat • EU Adds Tariffs to American Goods • A 1960s 'Chicken War' reveals the driving force behind the boom of American pickup trucks • What Trump Should Learn From the ‘Banana War’ • U.S. needs to fight China with its own aggressive industrial policy • Chinese media says US has 'delusions' as impact of trade war spreads • Trade tensions are the biggest risk for the euro zone, the IMF says • Why Alternatives To Tariffs Can Be More Effective • Trump’s trade war to hit 65% of global business leaders: CNBC survey • MO: Nail manufacturer gets hammered by new tariffs on steel • Got Lobster? Trump's Steel Tariffs Threaten Trap Industry • How An American Company Is Grappling With The Potential Impact Of A Trade War • Merkel’s nightmare as German car giants become first victims of Trump trade war • UAW Protests New Blazer Production in Mexico • World Hits Back in Trade Fight • Goldman: Trade War Fears to Get Worse
(DBN)

The Overlooked Children Working America’s Fields
(DBN)

A history of modern capitalism from the perspective of the straw
(DBN)

America’s Millennials Are Waking Up to a Grim Financial Future
(DBN)

Boomers vs. millennials vs. Gen X: Who had it worse?
(DBN)

Trump's Reorganization of Government Pulls Back the Safety Net
(DBN)

Everything You Need to Know About the New GOP Budget
(DBN)

Trump Again Threatens a Government Shutdown Over Border Wall Funding
(DBN)

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

Visualizing the World’s Biggest Exporters
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

The US housing shortage might be coming to an end • US housing starts rise to post- recession high
(DBN)

Mortgage rates retreat, capping a grim spring selling season
(DBN)

Housing Inventory Tracking
(DBN)

Black Knight: National Mortgage Delinquency Rate Decreased in May, Foreclosure Inventory Close to Pre-Recession Average
(DBN)

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Municipalities:

File This Under Calling BS on Bankruptcy Fearmongering
(DBN)

Trump says Puerto Rico governor blamed power plant flaw on storm
(DBN)

Puerto Rico Wants to Hand Its Energy Crisis Over to the Private Sector
(DBN)

Attorneys seek local support for lawsuit against Puerto Rico fiscal oversight board
(DBN)

Puerto Rico Elderly Living Dangerously As 2018 Hurricane Season Begins
(DBN)

Mike Duggan: Mayor instrumental to Detroit's turnaround
(DBN)

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Oil/Gas:

Saudi Arabia proposes hiking oil output by 1 million barrels a day ahead of OPEC meeting • OPEC is gearing up to hike oil production during what could be a 'contentious' meeting • OPEC heads into showdown over oil output, with Saudi Arabia and Iran on different sides
(DBN)

How Trump's tariff fight with China could draw in the world's oil powers
(DBN)

NAFTA Rift Could Be A Boon For Canadian Oil
(DBN)

Study: U.S. natural gas production to surge 60% in 20 years
(DBN)

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Celebs:

'RHONJ' Star Joe Giudice Denies Deportation Rumors • Husband of 'Real Housewives' Star in Deportation Proceedings: ICE
(DBN)

Johnny Depp says his spending problem was misreported — it was much worse • The Trouble with Johnny Depp
(DBN)

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Radio:

IHeart open to takeover talks after rebuffing Liberty offer
(DBN)

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Tech:

Cambridge Analytica's Final Spinoff Spent A Year Trying To Get "Government Work"
(DBN)

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Climate:

US Leaking 60% More Methane Than Reported
(DBN)

Days of torrential rain lead to Texas' worst flooding since Hurricane Harvey
(DBN)

Here’s what global warming looks like month by month for 137 years
(DBN)

Thirty Years On, How Well Do Global Warming Predictions Stand Up?
(DBN)

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Taxis:

Uber driver was watching Hulu just before her self-driving car crashed and killed a pedestrian
(DBN)

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Solar:

Tesla is making big cuts to its solar division • Tesla is preparing to close a dozen solar facilities in 9 states
(DBN)

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Fraud:

SEC Accuses Pa. Man Of Stealing $1.3M From Investors
(DBN)

Florida Construction Co. Prez, VP Face 20 Years For Fraud
(DBN)

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Student Debt:

An Ugly Hockey Stick of Student Loan Debt
(DBN)

Regulator Asks Private Student Loan Insurer to Be Declared Insolvent
(DBN)

Student Loans: “Best Value”(?!), An Erroneous Idea, and Next Steps
(DBN)

Student Loan Crisis: Are Small Businesses Impacted?
(DBN)

Judge rejects DeVos’ interpretation of order about Corinthian student debt relief
(DBN)

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Travel:

Delta is banning pit bulls from flying as service dogs and customers are furious
(DBN)

Southwest passengers who survived a fatal flight are suing the airline claiming they suffered 'overwhelming horror'
(DBN)

Terrified airline passengers vomit as captain fills cabin with mist to force passengers off plane
(DBN)

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Autos:

American-Made Index Shatters Idea Of Which Cars Can Be Considered Most-American
(DBN)

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Food/Beverage:

What's a Texas town without a Dairy Queen?
(DBN)

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New Bankruptcy Opinions
(6 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

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

Recent Ch. 11 Adversary Proceeding Filings (3 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:

Ch. 11 Cases By State
(DBN)

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TBTF:

America's biggest banks all clear the Fed's stress test
(DBN)

What Stress? It's Good to Be a Bank
(DBN)

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Valuation:

Valuation Disputes in Corporate Bankruptcy
(DBN)

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D&O:

Limits on Indemnification and Advancement for Delaware Corporations
(DBN)

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Litigation:

Self-Authentication of ESI Under Federal Rule of Evidence 902
(DBN)

Inconvenienced Attorney Can’t Get Production Costs Shifted
(DBN)

Boilerplate Objections Waive Privilege
(DBN)

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Miscellaneous:

Rochelle
(DBN)

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Entertainment:

Relativity Media Investor Claims $12.5 Million Fraud
(DBN)

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Politics:

Interior links reorganization plan to Obama
(DBN)

Trump’s Plan for a Government Overhaul Targets the Safety Net
(DBN)

In U.S., 36% Have Positive Opinion of Trump as a Person
(DBN)

Melania Trump Plays the Role of Medieval Queen
(DBN)

Rudy's Act of Love Sets Off GOP Anger
(DBN)

Republican congressman demands Trump fire controversial adviser Stephen Miller over immigration controversy
(DBN)

Trump reportedly told his son Don Jr. that he couldn't trust anyone — not even him
(DBN)

Trump reportedly didn't want to name his first son after himself, saying 'What if he's a loser?'
(DBN)

'The light just went out in his eyes': Don Jr. was reportedly crushed when Russian lawyer didn't provide dirt on Hillary Clinton at Trump Tower meeting
(DBN)

Lewandowski Declares The Use Of His Recorded Words To Be “Fake News”
(DBN)

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Media:

Bankrupt News Company Wants To Protect Journalists -- But Will Judge Let It?
(DBN)

These are the most and least biased news outlets in the US, according to Americans
(DBN)

Charles Krauthammer, Pulitzer-Winning Columnist, Dies Of Cancer
(DBN)

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Banking:

Fitch downgrades Deutsche Bank outlook to negative
(DBN)

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Advisers:

Donat to Head Strategy/BD for AlixPartners Turnaround Practice
(DBN)

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Pensions:

Judge strikes down Kentucky pension reform law
(DBN)

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UK:

When not to use a CVA: 10 lessons from recent restructurings
(DBN)

British City That Defined Brexit Gives Up • There is strong public support for a 2nd referendum on Brexit • Airbus is reportedly thinking of pulling investment from the UK if there's a no-deal Brexit
(DBN)

Collateral collapse has far-reaching ramifications
(DBN)

House of Fraser fate to be decided as creditors vote on closures and rent cuts
(DBN)

PwC partner backdated his BHS audit, says chairman
(DBN)

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EU:

Economists say 30 years of data show asylum seekers are not a burden on European countries
(DBN)

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PIIGS:

Greece gets green light to exit bailout program, but worries linger • Eurozone agrees plan to end Greece's bailout • Euro zone hits 'historic moment' as it closes eight years of financial support to Greece • Key dates in Greece's debt crisis
(DBN)

Trade War. Iran Sanctions. Political Chaos. There Goes Italy’s Economic Groove.
(DBN)

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Canada:

Montebello Rockfest to File for Bankruptcy Protection • Rockfest to file for bankruptcy • In the hole for more than $5M, Montebello Rockfest files for bankruptcy protection
(DBN)

A US-style housing bust could happen in Canada and Australia
(DBN)

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China:

China property market seen most at risk as cash squeeze hits
(DBN)

While Trump's 'zero-tolerance' immigration policy sparks controversy in the US, China is detaining hundreds of thousands of legal citizens for doing nothing wrong
(DBN)

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Venezuela:

Millions of Venezuelans have fled their homes, and it's affecting the entire region — here's where they're going
(DBN)

Venezuela Army Sent to Enforce Food Prices
(DBN)

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MENA:

Abraaj, a private-equity firm, files for provisional liquidation • Colony Capital to acquire several Abraaj funds
(DBN)

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India:

Here's a lifeline for India's often neglected home buyers
(DBN)

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