June 25, 2018

The Daily Bankruptcy News

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Law:

Early Morning Biglaw Raises Are The Only Way To Start Your Friday Looks Who’s Coming To Play At The Compensation Party Associate Starting Salaries: The Week the Firewall Failed? The Friday Night Associate Raise Party Is In Full Swing Latham Joins The Market For Associate Compensation — Is This A Good Time To Ask If Staff Will Get The Same Love? No Bonuses For You! Raises Aren’t Enough To Make Associates Happy Technology Firm Adopts New Salary Scale Herbert Smith Freehills Hikes Pay for New York Associates UK Firm Delivers Happy Salary News To Its American Associates Four more US firms raise pay for London associates to top-of-the-market rates
(DBN)

The 2018 Top 50 Law Schools
(DBN)

When Should a Firm Leader Leave? Tips on Timing and Planning the Exit
(DBN)

Look Who's the Fat Cat Associate in the Jones Day Gender Bias Suit
(DBN)

5 Big Considerations When Finding, Managing Outside Counsel
(DBN)

How Does Dentons Keep It All Together? In Part, This Company
(DBN)

Penn Law School Prof Amy Wax Stumbles Into A Truth… Before Delving Back Into Vile Conspiracy Theories
(DBN)

Mansfield Rule 2.0 Aims to Boost Law Firms' Diversity Efforts
(DBN)

Deloitte Becomes Last of Big Four to Get ABS License For Legal Services
(DBN)

Why 'replacing posh boys with posh girls' won't solve law's diversity problem
(DBN)

How Law Schools Fared on Calif.'s February 2018 Bar Exam
(DBN)

Jones Day Atty Accused Of Botching Merger Fee
(DBN)

Fox Rothschild Must Face Claim It Aided Ponzi Schemer
(DBN)

The DOJ has turned over additional FISA records to Republicans, and former intelligence officials say the implications could be 'catastrophic' Mueller: NYT, Post Stories Have Been Wrong Paul Manafort's Losing Streak Deepens in Washington Court ‘Tom Arnold Is Teaming Up With Michael Cohen To Search For Trump Tapes’ — Is Not An Onion Headline Trump Organization Seeks Extension to Review New Cohen Material for Privilege Manafort's Attorneys Ask Judge to Bar Mentions of Trump With Manafort in Jail, Will He Now Flip on Trump?
(DBN)

Black doctor says man blocked her with his SUV to keep her out of her community
(DBN)

'They cannot find the children at all': Migrant parents face chaos and red tape trying to reunite with their kids Separated From Her Mother at the Border, a 6-Year-Old Has to Find Her Own Way A French woman visiting Canada was detained in the US for 2 weeks after accidentally crossing the border while jogging Is the Immigration Crisis About to Get Worse? US says it's still working to reunite 2,053 immigrant children with their families 'Where's my kid?' At Texas border, desperate parents turn to attorneys to find their children Inside one of the busiest US immigration courts, judges are pressured to meet quotas or fear losing their jobs The Texas Border Chaos Government details how separated families will be reunited -- eventually Deported Into a Nightmare Mexico Can Force US Hand on Immigrants Inside the California facilities holding children separated from their parents at the border These companies are expected to profit from Trump’s continued ‘zero-tolerance’ policy at the border Thousands Protest Nationally Over Splitting Up Families White House: We Know Where the Kids Are Trump tweets he wants to deport illegal immigrants 'with no Judges or Court Cases' — a move that would violate due process In the chaos of Trump’s policy reversal, families aren’t split but monitored Pilot program kept asylum-seeking migrant families together. Trump canceled it Sessions' Pastor Addresses Church Charges Trump’s new immigration demand: No due process for border crossers Texas courtroom where dozens of chained immigrants are prosecuted under Trump's 'zero tolerance' policy GOP senator faults administration for "ready, fire, aim" family separation policy GOP senator claims 'vast majority' of migrants coming for economic reasons NRA Reporter: Child Detention Facilities 'Too Nice' The president’s tweets have been powerless against images of migrant children in the news media Executive Order Won't Last Three Weeks
(DBN)

The death of the unarmed teen killed by an East Pittsburgh police officer is ruled a homicide The Problem with Suburban Police
(DBN)

Stormy's Meeting with Prosecutors Canceled
(DBN)

Trump Compares Pic of Murder Victim to . . . Tom Selleck?? Trump autographed photos of deceased crime victims for White House event
(DBN)

Michigan State's bond debt to jump because of Nassar case
(DBN)

The FBI and NSA are paying hackers on the 'gray market' millions to help them unlock phones
(DBN)

Gun industry fears Corporate America undermining Second Amendment
(DBN)

Woman dubbed 'Permit Patty' calls cops on girl selling water in San Francisco Woman calls police on 8-year-old black girl selling water
(DBN)

Hungry Rat Chews Up $17,500 Worth Of Cash Inside An ATM
(DBN)

Walgreens Pharmacy Refuses to Give Woman Pregnancy Termination Drugs Prescribed by Her Doctor
(DBN)

iPad neck is real. Do you have it?
(DBN)

A brave new world: Can robots be sued?
(DBN)

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Judges:

7th Circuit begins search for bankruptcy judge ahead of Lorch retirement
(DBN)

John Ninfo: Time to look at college costs, student loan debt
(DBN)

Appointed Not Hired: The Supreme Court Rules on the SEC’s Administrative Law Judges
(DBN)

Bankruptcy Expert Judge John T. Copenhaver, Jr. to Receive the 2018 American Inns of Court Professionalism Award for the Fourth Circuit
(DBN)

Jeff Flake Threatens To Block Judicial Nominations Over Trump’s Tariffs
(DBN)

US Supreme Court is poised to rule on Trump's travel ban and other sensitive cases
(DBN)

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Wall Street:

Dow set to drop nearly 200 points as trade tumult continues to rattle investors
(DBN)

Asian markets fall as trade war fears weigh on sentiment
(DBN)

Stocks close slightly higher
(DBN)

Stock-market leaders yet to be undercut by trade-war fears This one factor has determined which stocks rise or fall on trade-war fears
(DBN)

Firms With Troubled Brokers Are Often Behind Sales of Private Stakes
(DBN)

Stock Market as Barometer of Policy Success
(DBN)

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Layoffs:

Baker Hughes to layoff 266
(DBN)

St. Vincent Health cuts 85 workers in latest layoffs
(DBN)

Wells Fargo lays off 100 mortgage employees in North Carolina
(DBN)

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Media:

Glenn Beck's Media Empire Implodes Again Glenn Beck walks out of CNN interview
(DBN)

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Farming:

Turner Grain tangles keep court untying
(DBN)

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Distressed Investing:

Four Tips on How to Rescue a Bankrupt Business
(DBN)

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Currency:

Mt. Gox Bankruptcy Ends with Possibility of $1.2 Billion in Cryptocurrency Paid to Creditors Mt Gox to Enter Civil Rehabilitation in Major Win for Creditors Mt. Gox Will Compensate $1 Billion in Bitcoin, But Will Not Sell Until 2019
(DBN)

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Travel:

Southwest Top Airline, but Most Prefer to Drive
(DBN)

Vacations canceled, travelers out thousands after FL travel company goes bankrupt
(DBN)

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Banking:

Banks May Be Using Lehman-Style Trick to Disguise Debt
(DBN)

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Radio:

Liberty Media Pulls Planned $1.16 Billion Investment in iHeartMedia
(DBN)

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Fraud:

Judge taps New Orleans lawyer to seek fraud victim payment
(DBN)

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Trucking:

Where Have America’s Truck Drivers Gone?
(DBN)

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Gambling:

Atlantic City’s Failed $2.6 Billion Casino Rolls the Dice
(DBN)

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Pensions:

Portland Pension Fund Applies for Benefits Reduction
(DBN)

States take action to ease pension funding dilemma
(DBN)

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Electricity:

After This Week, The SCANA Story Will Change
(DBN)

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Economy:

Q2 GDP Forecasts
(DBN)

U.S. economy might hit this milestone for first time in 11 years if corporate America keeps it up
(DBN)

New York Fed Nowcast stands at 2.9% for 2018:Q2 and 2.6% for 2018:Q3
(DBN)

Duy: "No, A Recession Is Not Likely In The Next Twelve Months"
(DBN)

Yield Curve and Powerful Sign of Recession
(DBN)

Economic Growth: These Are the Good Old Days
(DBN)

The bank for central banks is blaring the siren on a new debt crisis that could cause a long and painful recession
(DBN)

Initial Weekly Unemployment Claims Since 1971
(DBN)

Bank Economists See Robust Economy Pushing Unemployment Rate to New Lows
(DBN)

Merrill: "The cost of a trade war" Want to know what a trade war is like? Pretty much like this Trump-backing soy bean farmer rails against president's tariffs: 'You are putting families in financial peril' US Farmers Desperately Turn to Mexico Donald Trump will protect American farmers from China's trade retaliation: Sonny Perdue Trump threatens to slam a massive tariff on European cars, which could cause economic chaos Cattle ranchers in South Dakota explain how NAFTA talks could make or break the American beef market Trudeau isn’t going to back down to Trump on trade The State of America's Trade Wars Cummins will pay tariff to import engines from its own plants in China The trade war with China could put the brakes on the electric scooter startup boom China Hits US with $34 Billion in Tariffs China Takes Aim at Trump's Counties US Threatens Veto to WTO Rulings Why a major trade war could mean a ‘full-blown recession’ BMW, Audi Dealers Brace for Trump Tariffs Trump Puts Tech in Trade War Crosshairs With Planned Curb on China Investment Trade war fears hit markets as Trump threatens China investments Chinese Leaders Confused by Trump's Demands China frees up more money as trade war takes shape China and Europe warn that Trump’s trade war could push the world into a recession Trump's Trade War Sets Bigger Booby Trap for US Economy America's closest allies are furious about Trump's tariffs, and now an unorthodox idea to go after him is gaining steam Does Trump’s trade war court American humiliation? US trade war heating up, EU memo says Trump’s latest threat to U.S. trade partners: Drop tariffs or face consequences All the U.S. Products Europe Will Hit With Tariffs Trump Threatens New Tariffs on Trading Partners Trump issues challenge to trading partners: Bring down barriers or face 'reciprocity'
(DBN)

Peter Navarro's radical transformation Navarro Explains His 180 on Trade
(DBN)

Chevy Blazer returns -- and it'll be made in Mexico
(DBN)

Mexican officials are ready to stop helping the US fight terrorism and drug trafficking to get back at Trump
(DBN)

FactCheck: Immigration and the Economy Jared Kushner’s Grandmother Bemoaned the “Closed Doors” That Faced Refugees to America Our real immigration problem is that we don’t have enough immigrants
(DBN)

Americans Love Families. Our Policies Don't
(DBN)

Trump's 'Space Force' could fuel a new $1 trillion economy, Morgan Stanley says
(DBN)

Why Millennials Are Falling Behind
(DBN)

The start of a new poverty narrative
(DBN)

The Population Pulse of a Manhattan Workday
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

White House Backs Privatizing Fannie, Freddie as Part of Sweeping Government Reorganization Proposals
(DBN)

Rents collected by a receiver during the redemption period following a non-judicial foreclosure are property of the lender, even if the borrower ultimately redeems the property
(DBN)

Will The Power Of Blockchain Mean The End Of Title Insurance Companies In 20 Years?
(DBN)

CEO of Busted Subprime Lender Now Seeding Mortgage-Related Startups
(DBN)

Why high real-estate prices could unify Americans
(DBN)

Developer behind former Trio condo-hotel tower project in Naples files for bankruptcy
(DBN)

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Municipalities:

Connecticut Lawmakers Weigh Whether to Override Hartford Bailout Veto
(DBN)

Exploding IL Gov Pensions & bankruptcy as a cure
(DBN)

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Oil/Gas:

Rex Energy Bankruptcy: Some Insight
(DBN)

Trump Ends Deepwater Horizon Safeguards
(DBN)

OPEC Hikes Oil Output by 1 Million BPD OPEC Agrees Modest Hike In Oil Supply After Iran Softens Stance
(DBN)

Rig count slides by 7 Baker Hughes: US Oil Drillers Cut Rigs For First Time In 12 Weeks
(DBN)

U.S. prosecutors accuse Texas oil man 'Frack Master' of fraud
(DBN)

Is “America First” Hurting Global Energy Relations?
(DBN)

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Retailing:

Why The Toys R Us Bankruptcy Is A Win For Golfers And PGA Tour Superstores
(DBN)

State Pension Funds Question KKR on Role in Toys ‘R’ Us Demise KKR faces pension fund ire over Toys R Us collapse Some Public Pension Funds Give KKR a Wet Noodle Lashing Over Toys ‘R’ Us Collapse
(DBN)

Toys 'R' Us Really, Truly Dies on Friday Friday Is Your Last Day to be a Toys 'R' Us Kid
(DBN)

Claire's Stores Deep Dive
(DBN)

The Supreme Court decision that will put more taxes on internet sales is good news for you Amazon shares fall after Supreme Court ruling on sales tax, as brick-and-mortar retailers gain Amazon could actually benefit from the Supreme Court ruling on sales tax States will move quickly to capture more sales tax in wake of Wayfair ruling What the landmark Supreme Court decision on e-commerce tax means for retail What The Supreme Court's Tax Decision Means For South Dakota How the Supreme Court may have made Web shopping pricier for just about everyone but Amazon
(DBN)

Your Favorite Retailer Is Bankrupt — Here’s What That Really Means
(DBN)

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Corporate Reform:

Federal Judge Throws Out CFPB Lawsuit -Agency’s ‘Unconstitutional’ Structure
(DBN)

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Autos:

Tesla Promised Futuristic Factory. Got a Tent
(DBN)

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Personal Finance:

Best and Worse Places to Retire in America
(DBN)

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Entertainment:

Weinstein Co. Sale Price Cut From $310 Million to $287 Million
(DBN)

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Uniforms:

‘Toxic atmosphere’ at Parker School Uniforms led to bankruptcy, lawsuit alleges
(DBN)

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Celebs:

Lil Kim in Danger of Losing New Jersey Mansion After Missing Payments
(DBN)

To Avoid A Bankruptcy Case, Former Tennis Star Boris Becker Is Claiming Diplomatic Immunity Boris Becker: Diplomatic passport is genuine Bank taking advantage of my fame, says Boris Becker Boris Becker's lawyers battle to stop auction of his treasured tennis trophies
(DBN)

Lisa Marie Presley's Money Drama Continues. Claims Her Manager Bankrupted Her
(DBN)

I was as low as I believe I could have gotten: Johnny Depp on bankruptcy, divorce
(DBN)

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Healthcare:

Hermon dips into savings to bail out debt-ridden ambulance service
(DBN)

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Bankruptcy Crimes:

USTP Issues Report to Congress on Criminal Referrals for FY 2017
(DBN)

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Finance:

Leveraged Loans: Cov-Lite Volume Reaches Yet Another Record High
(DBN)

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Student Debt:

Struggling student borrowers face a new challenge in debt relief
(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 (21 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (8 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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Maritime:

Second Circuit Confirms Physical Suppliers Don't Have Maritime Liens
(DBN)

Danaos Completes Stunning Debt Refinancing
(DBN)

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Exemptions:

Own Houses in Different States, Claim a Homestead Exemption & Plan to Leave?
(DBN)

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Appeals:

Speak Now? The Ninth Circuit Weighs in on Appellate Standing
(DBN)

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Judicial Estoppel:

Mockery of Judicial System Determinations: Eleventh Circuit Confirms “Facts and Circumstances” Test
(DBN)

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Litigation:

How Highly Successful Attorneys Prepare For A Day In Court
(DBN)

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Avoidance Actions:

Business Owners Beware: Defenses to the Big Bad Bankruptcy Trustee’s Suit Against Your Business for Fraudulent Transfers (Part II)
(DBN)

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Miscellaneous:

Links for Restructuring Professionals to Key Cases, Articles, and News Briefs for May 25-31, 2018
(DBN)

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Politics:

Trump Flips Back on NKorea: Now an Extraordinary Threat Again
(DBN)

Sarah Sanders said she was asked to leave a Virginia restaurant because she works for Trump Sarah Sanders Tweet Violates Ethics Laws A Virginia Restaurant Asked Sarah Huckabee Sanders to Leave and Now Its Yelp Page is Destroyed Sarah Sanders is upset because a restaurant wouldn’t serve her. She’s okay with it happening to gays
(DBN)

'Trump's biggest problem is keeping his mouth shut': Trump supporters explain why they're not worried about the president's 'authoritarian' talk
(DBN)

Conrad Black: Why America Needs Trump
(DBN)

Trump jabs 'Wacky Jacky and Pocahontas' while campaigning for Dean Heller in Nevada
(DBN)

George Will: Vote Against the GOP in Nov.
(DBN)

Why Trump Keeps Creating Crises
(DBN)

GOP congressman says they shouldn’t work in his district’s meat-packing plants because they won’t eat pork
(DBN)

Peter Fonda Apologizes for Trump Tweet
(DBN)

Trump Likely to Meet with Putin Soon
(DBN)

Quit Comparing Trump to Hitler
(DBN)

Now It's Easy for Felons to Run for Congress
(DBN)

David Lynch: Trump May be a Great President
(DBN)

Trump Describes a Detached World Reality
(DBN)

Trump's former deputy campaign manager told a black panelist on 'Fox & Friends' that he was 'out of his cotton-picking mind'
(DBN)

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UK:

Creditors of UK's House of Fraser back plan to close stores and cut jobs House of Fraser to close 31 stores after creditors approve CVA
(DBN)

Brexit: EU Preparing for a No-Deal Separation Brexit: UK Economy Already Hurting Thousand March Over Brexit Vote Jeremy Hunt hits back at Airbus over Brexit warnings on jobs UK Businesses 'Deeply Concerned' at Pace of Brexit Talks Theresa May must pick a side as Brexit fears for industry increase UK Minister: Brexit Threats Inappropriate How much the U.K. economy is hurting, 2 years after Brexit vote
(DBN)

U.K. government presses pause on proposal for default decumulation strategies
(DBN)

Green tries to stop publication of FRC's BHS report
(DBN)

Countrywide warns again on profit, plans big share sale
(DBN)

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EU:

EU lawmakers face opposition to softening bank rules on bad loans
(DBN)

EU backs bigger war chest for failing banks but split on budget, debt
(DBN)

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PIIGS:

Varoufakis Says Debt Deal ‘Extends Greek Bankruptcy into 2060’ Why the debt deal with the EU is bad for Greece An agreement on Greek debt that satisfies both sides Debt relief deal gives Greece hope after years of austerity Greece swaps bailout hell for eternal purgatory Gallo : Greek Debt Deal More Generous Than Expected Market wants to see more than just a compromise on debt relief Greece wins a fresh chance to go it alone The Greek crisis is dead. Long live the Greek crisis.
(DBN)

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Canada:

Toronto's condo prices are at a record high
(DBN)

Sears retirees in BC suffer higher pension cuts than Ontario
(DBN)

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Venezuela:

UN: Rule of Law Virtually Absent in Venezuela
(DBN)

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MENA:

Custodian Investment unaffected by Abraaj bankruptcy Co-CEOs of Abraaj investment management business resign from board
(DBN)

Saudi Women Can Now Drive, Maybe
(DBN)

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India:

Air India unveils revamp plan after selloff setback Air India is public asset, can't be sold cheap: Prabhu
(DBN)

Debt-ridden journalist commits suicide with wife & children
(DBN)

Carlyle Group's Asia fund looks at distressed asset deals in India
(DBN)

India has proposed a new fix for its bad debt problem. It may not be enough Kristie Neo, Associate Producer
(DBN)

Abandoned power plant a $38 billion warning sign for Indian banks
(DBN)

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Sweden:

Sweden’s largest military drone maker files for bankruptcy
(DBN)

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China:

Chinese builders are getting perilously close to defaulting on bonds
(DBN)

Why China's truck drivers could put the brakes on the economy
(DBN)

Bank change to aid small businesses
(DBN)

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Japan:

Cash-Rich Japan Offers a Haven From U.S. Zombies
(DBN)

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Norway:

Norwegian fights for survival as predators circle
(DBN)

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Australia:

Fall from grace: The life and crimes of Salim Mehajer
(DBN)

The 10 professions most likely to go bankrupt
(DBN)

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Singapore:

Singapore's New Insolvency & Restructuring Regime – One Year On.
(DBN)

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Belarus:

Belarus's Oldest Casino Operator Faces Bankruptcy
(DBN)

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Malaysia:

Bankruptcy law outdated
(DBN)

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