June 26, 2018

The Daily Bankruptcy News

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Law:

It took a long time, but the D.C. market may be joining the $190K club in earnest By Any Metric, These Firms Really Should Have Raised Associate Compensation By Now Susman Godfrey Tops Cravath Scale for All Associates; Starting Pay Set at $195K Susman Godfrey Outranks Cravath With Higher Associate Pay Latham & Watkins becomes latest firm to hike London junior solicitor pay to £143,000 White & Case boosts New York associate salaries to match Cravath but freezes London rates Profit margins fall across UK top 50 as staff costs soar
(DBN)

Off the Salary Battlefield, Public Sector Struggles With Retention, Student Debt
(DBN)

Top-Ranked Team of Restructuring Lawyers to Join O’Melveny in New York Greenberg Traurig Restructuring Team Jumps to O'Melveny in NY
(DBN)

More women are attaining law firm partnerships: Is the Me Too movement providing a boost?
(DBN)

Is your Managing Partner afraid of the partners?
(DBN)

Chicago Landlord Says Defunct Sedgwick Law Firm In Default
(DBN)

Allen & Overy under fire over gender pay gap
(DBN)

5 Strategies For Intentional Relationship Building — The Social Way To Succeed
(DBN)

4 Signs You Should Postpone Taking The Bar Exam
(DBN)

Universities study plan to transfer VU law school to Tennessee campus
(DBN)

The continuing University subsidy of the U of Minnesota Law School
(DBN)

Law Schools Need A New Governance Model
(DBN)

A Plaintiff Lawyer Withdraws Because the Thrill is Gone
(DBN)

Deloitte gets seal of approval to compete directly with law firms Accountancy giant Deloitte enters legal services market
(DBN)

Lawyers - When Deal They Signed Up for Didn't Pan Out
(DBN)

Senators told Mattis to back off the military's involvement in Trump's immigration crackdown Tent City Commander: This is a Dumb Policy Pentagon to build tent camps for migrants at two military bases in Texas Taking Children From Their Parents: Does This Kind Of Deterrence Work? Lawyers for Good Government launches project to reunite immigrant families Family separation policy fails to dent Trump's rising popularity US to Detained Parents: Sign Deportation Form and Get Kids Back There are so many migrant children in one shelter a headcount is taking hours Children are being forced to recite the Pledge of Allegiance to a country that separated them from their parents What My 6-Year-Old Son and I Endured in Family Detention Border patrol will stop referring migrant parents for prosecution Where the Wall Worked CBS Poll: 51% of Americans Believe a Border Wall is a Good Idea GOP Braces for Immigration Failure US, Canada Most Inclusive to Immigrants Do undocumented immigrants have the right to a day in court? The Supreme Court answered in 1896
(DBN)

Russian company seeks to dismiss US charges brought by Mueller Lawyers for Trump ex-campaign boss Paul Manafort appeal judge's order sending him to jail Will Paul Manafort flip? An expert prosecutor weighs Mueller's options Special counsel obtains Trump ally Erik Prince's phones, computer Michael Avenatti Leaked Email Showing Mueller’s Team Accused Him of Leaking Avenatti Goes Off After Prosecutors Cancel Stormy Daniels Meeting: ‘Something Isn’t Right’ Under Mueller's Scrutiny, Trump Allies Cry FBI Entrapment 'Buckle up' for more Robert Mueller Russia revelations, key Senate Democrat says Trump rails against lawmaker for Russia investigation comments possibly made 'in a near drunken state' Looming question for Mueller probe: How much to make public? Trump Associates Facing Mounting Legal Bills Turn to Financial Backers for Help Mueller to focus on possible Trump- Russia collusion: report Cohen lawyers complete review of documents seized Michael Cohen's lawyers want to withhold thousands of files
(DBN)

Company Defends Firing Employee Who Flipped Off Trump's Motorcade
(DBN)

Supreme Court tells court to reconsider case of florist who refused flowers for gay wedding
(DBN)

Supreme Court won’t hear case of Brendan Dassey, teen featured in ‘Making a Murderer’ ‘Making a Murderer’ Appeal Doesn’t Make it to SCOTUS After Supreme Court Rejection, Here Are Brendan Dassey's Options
(DBN)

Heather Locklear Beats Up Another Cop
(DBN)

‘We’ll Make S--- Up as We Go’: White Cop Fired After Allegedly Threatening to Jail Daughter’s Black Boyfriend
(DBN)

He Sold Drugs for $225. Indiana Took His $42,000 Land Rover
(DBN)

‘I was no longer able to cope’: Junior lawyer who backdated 23 letters ‘to buy time’ is disbarred
(DBN)

Judge Tosses Climate Change Lawsuits Against Big Oil Companies - Too Much For A Court To Handle Oil giants notch win in climate case
(DBN)

Bad Habit: Woman Arrested After Wearing Nun’s Outfit To Rob Bank
(DBN)

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Judges:

John Connelly, bankruptcy judge and St. Paul Irish booster, dies
(DBN)

Judge’s order requiring an ethics probe of Hillary Clinton’s lawyers is overturned
(DBN)

Ruth Bader Ginsbird? Osprey Chicks at Oregon Law Get SCOTUS-Inspired Names
(DBN)

#Denied: US Supreme Court Won't Touch Dispute Over Tweeting Federal Judge
(DBN)

Unanimous Sixth Circuit Upholds Six Ohio Judicial Candidate Speech/Conduct Rules Against First Amendment Challenge
(DBN)

America after Anthony Kennedy
(DBN)

FactCheck: US Hiring Thousands of Judges
(DBN)

Two Men Shown In Video Laughing And Slitting The Throat of a Dog Are Given No Jail Time By Louisiana Judge
(DBN)

Judge's Bias Row Against Jurists Paused Amid Ethics Case
(DBN)

Fla. Justices Remove Judge Over Campaign Ethics Violations
(DBN)

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Wall Street:

Dow industrials set to take a breather after their 300-point tumble US futures take a breather ahead of the open, after Dow sinks over 300 points
(DBN)

The Dow drops as much as 446 points as trade tensions soar Dow drops more than 300 points as investors brace for further Trump trade actions against China Stocks suffer worst day in weeks as Trump's trade threats rattle
(DBN)

Even amid a potential trade war, US stocks are still beating the rest of the world
(DBN)

There's a New Cloud of Fear Over Wall Street
(DBN)

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Layoffs:

First Tariff Jobs Losses Now Happening
(DBN)

Layoff Notices Sent to 1,100 New Haven Public School Employees
(DBN)

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Politics:

Atlanta Lawyer Trolls President's Hotel Empire After Buying TrumpHotels.org
(DBN)

Mark Cuban: All Political Parties are Worthless
(DBN)

Two Billboards Outside of Amarillo, Texas
(DBN)

At South Carolina rally, Trump defends his hair, insults late-night hosts
(DBN)

Gallup: Trump Job Approval Slips Back to 41%
(DBN)

Trump's history of health code violations at his businesses comes under fire after he blasts 'filthy' restaurant that kicked out Sarah Huckabee Sanders Trump slams Red Hen for being 'filthy,' but Mar-a-Lago was cited 78 times in 3 years A small restaurant in Virginia is suddenly at the center of a political firestorm Trump Supporters Are Attacking the Wrong Red Hen Restaurant FactCheck: Trump on Clean Restaurants Read Threats Sent to Wrong Red Hen Diner Red Hen and Sanders: Can restaurants refuse to serve?
(DBN)

Pelosi rebukes Rep. Maxine Waters for urging supporters to confront Trump administration officials Nancy Pelosi ridiculed for calling out Maxine Waters as ‘unacceptable’ Trump to Democrat Maxine Waters: “Be careful what you wish for” Resist too far? Pelosi tries to tamp down progressives' public shaming of Trump officials Burnt Carcass Left at DHS Staffer's Door
(DBN)

Kanye at the center of Trump's culture wars
(DBN)

No, There Won't Be A Big Blue Wave
(DBN)

Supreme Court declines North Carolina gerrymandering case Supreme Court sides with Texas in racial gerrymandering case Supreme Court strikes down one legislative district in Texas as racial gerrymander, upholds others Texas scores near-complete victory on redistricting
(DBN)

How Voting Laws Have Changed Since 2016
(DBN)

New Emails Suggest Scott Pruitt Discussed Hiring a Friend of Lobbyist Landlord Pruitt Wanted Oil Execs to Run the EPA Pruitt Running Out of Staffers to Fire
(DBN)

Roseanne gets emotional: 'I'm not a racist, I'm an idiot'
(DBN)

80,000 people left off Maryland voter rolls
(DBN)

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Travel:

Carnival shares plunge the most in 2 years after slashing full-year forecast
(DBN)

Mid-Flight Meltdown: Woman screams hysterically, threatens passengers
(DBN)

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Debt Collection:

5th Cir. Holds Debt Collector Affiliate of Debt Buyer Still FDCPA ‘Debt Collector’
(DBN)

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Fraud:

What happened at Theranos is a dazzling story of deception
(DBN)

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Economy:

The Fed's effort to control the rise of its key interest rate is running into some problems
(DBN)

Chicago Fed "Index Points to Slower Economic Growth in May "
(DBN)

Dallas Fed: "Texas Manufacturing Continues to Expand, Outlook Improves"
(DBN)

Morgan Stanley says rates are done going higher: 'That's right, 3.12 percent was it'
(DBN)

Chances of US Recession Are Rising, BBVA Says Trade War Could Tip US Into Full Recession : BofA
(DBN)

Almost Half Of U.S. Couples Say Financial Health 'Very Good,' Fidelity Finds
(DBN)

'Somebody needs their head examined if they think this is good for the American economy': Businesses are sounding the alarm on Trump's tariffs Shiller: Trump Tariff Policy Not Sustainable Why Trump thinks he can win a drawn-out fight over trade Trump tariffs backfire as EU retaliation will force American icon Harley-Davidson to build overseas Harley-Davidson U.S. Production Exit Is Just the Start Harley-Davidson's decision to shift manufacturing to Europe confirms the worst fears about Trump's trade battles Harley-Davidson Shows Why Corporations Cannot Keep Silent in Trade Wars Trump Slams Harley for Waving White Flag Harley-Davidson stock rocked as EU tariffs hit where it hurts Trump turns on Harley-Davidson over offshoring Harley Hitting The Road Is Just The Start What a trade war with China looks like on the front lines Krugman: The Great Soybean Conspiracy The Trade War Finally Got Real Xi has strong words for Trump: 'In our culture, we punch back' — report Trade War Could Trigger Global Recession , China and Europe Warn Could a trade war derail global growth? Rising tariffs are the worst of many threats to the world economy Treasury Secretary Mnuchin says investment restrictions will apply to 'all countries that are trying to steal our technology' Chip stocks plunge after Trump's reported plan to restrict foreign technology investment Mnuchin suggests U.S. tech war is bigger than China Mnuchin Suffers Setback In U.S. Plan To Limit China Investments Trade advisor Navarro says no plans for investment restrictions on China, other countries Trump is planning to stop China taking over American firms — and it's another blow for the 2 countries' relationship Trump’s tariffs on auto imports will hurt entire industry — including General Motors, Ford: Moody’s Trump gives Europe a 'historic' chance to become stronger, French minister says How Europe could fight back if Trump taxes car imports China and the EU are teaming up to fight back against Trump's trade war Averting a US-China trade war difficult because of deep differences between the two economies: Trade experts China Begins To Question Whether It’s Ready For A Trade War The new US car factory exposing the contradictions and perils of Trump’s kamikaze trade war ‘A disaster for everyone’: UK finance minister warns US will not be immune to trade war fallout Trump’s trade-war scriptwriters lack an ending Beware of Bluffing, and Other Advice from the Trade War Trade war threatening the newspaper industry Steel Pipe CEOs Push for Tariff Waivers Jack Daniel's set to increase prices as Trump trade war impacts Trump says he's protecting U.S. jobs — so why are businesses planning layoffs? Economists Are Watching These Indicators To Gauge Trade War Pain The Trade War Has Sent The Yield Curve To Its Flattest Since 2007 The trade war will get worse before it gets better Factory workers lose jobs as steel tariffs hike costs
(DBN)

Majority of Americans approve of Trump's handling of the economy for the first time: CNBC survey
(DBN)

Recession fears are flaring as Trump's trade war has markets behaving in a way not seen since the financial crisis Trump's trade war triggers recession fears
(DBN)

Trump's policies are making us poorer, says former U.S. Treasury Secretary
(DBN)

The economies of every US state and DC, ranked from worst to best
(DBN)

3 Hard-to-Believe Social Security Facts
(DBN)

GOP Tax Cuts Getting Less Popular, Poll Finds
(DBN)

US white population declines and Generation “Z-Plus” is minority white, census shows
(DBN)

A fertility map : Where in the world is the population replacing itself?
(DBN)

Texas Economic Growth Slowing
(DBN)

Does cheap food at Walmart really help families?
(DBN)

A Conservative Bashes GOP Dysfunction on Spending Cuts
(DBN)

Don’t blame the populists, blame the elites
(DBN)

The World’s 100 Most Valuable Brands in 2018
(DBN)

These U.S. industries can't work without illegal immigrants
(DBN)

This group is getting ahead in America
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

US new home sales surge in May New Home Sales increase to 689,000 Annual Rate in May A Few Comments on May New Home Sales
(DBN)

Home builder Lennar's revenue jumps 67.4 percent, sending shares higher
(DBN)

S&P: Trump administration’s GSE reform plan won't happen for 2 years
(DBN)

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Municipalities:

Why Harrisburg faces a new fiscal crisis
(DBN)

The State Pension Model Isn't Working
(DBN)

State officials accused of pushing false Flint lead data face judge
(DBN)

Rising sea levels may create "tipping points" for seaside towns
(DBN)

State Puts Financially Troubled Murphy School District In Receivership
(DBN)

CA: Gas Tax Repeal Set for Vote in November
(DBN)

Puerto Rico utility says privatization push trumps solar contract
(DBN)

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Oil/Gas:

Oil Rigs: Total US oil rigs fell 1 to 862 last week
(DBN)

The Fifth Circuit Rules that Louisiana Statutory Mineral Liens Are Extinguished as to Production Payments Sold in Arms Length Transactions, Without Notice
(DBN)

Nighthawk Energy To Wind Up Following US Bankruptcy Case
(DBN)

Gasoline Prices Set to Soar Despite OPEC Moves
(DBN)

US could ask Russia for more oil as Iran sanctions loom
(DBN)

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Retailing:

Former Toys R Us CEO considering a revival of the bankrupt retailer Former Toys 'R' Us CEO Is Working on the Retailer's Reboot
(DBN)

Toys R Us will close all of its stores by the end of the week In 3 Days, the Last Toys 'R' Us Stores Die. And PE Firms Behind it?
(DBN)

Party City is opening up about 50 Toy City pop-up stores, in wake of Toy R Us' demise
(DBN)

Amazon could double Whole Foods' customer base with Prime perks: Analyst
(DBN)

J. Mendel Files for Bankruptcy
(DBN)

Retail companies trying to catch up to the times are scrambling to buy tech start-ups
(DBN)

Barnes & Noble's Next Chapter Calls for Significantly Smaller Stores
(DBN)

Liquidation Deals Aren’t Always What They Seem - Sears Raises Prices For "Liquidation" Sears' prices are going up during a liquidation sale - and it's a common practice at closing stores across the US
(DBN)

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Currency:

Bankrupt Mt. Gox's customers are in line for an immense windfall Court Blocks Payday for Chief of Bankrupt Mt. Gox Bitcoin Exchange Mt. Gox’s customers may receive more money than they lost when the crypto exchange went bankrupt
(DBN)

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Electricity:

Don’t be scared by ‘bankruptcy’ threats; ratepayers deserve better than Dominion deal
(DBN)

Santee Cooper petitions S.C. Supreme Court regarding V.C. Summer litigation
(DBN)

Wary of bankruptcy, PG&E seeks protection from wildfire costs Utility bankruptcy concerns rise as bill comes due for 2017 California fires
(DBN)

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Entertainment:

Weinstein Co. Creditors Fume About $23 Million Price Cut
(DBN)

Hurry Up and Wait: The Weinstein Co. Chapter 11 Hearing #6
(DBN)

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Finance:

Second Lien Loans Become First Choice for Financing
(DBN)

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Coal:

Coal's Days Are Numbered
(DBN)

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Autos:

Auto defaults drop to lowest point since last July
(DBN)

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Taxis:

NYC Taxi Medallions Sell For More Than $24 Million
(DBN)

What happens if your UberPool co-passenger misbehaves?
(DBN)

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Personal Finance:

The single most important retirement strategy
(DBN)

Young working women are shocked by the ‘mommy effect’ on their lives
(DBN)

How to survive in the gig economy
(DBN)

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Farming:

Farmers in America killing selves in staggering numbers
(DBN)

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New Bankruptcy Opinions
(9 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 (7 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:

Weekly Bankruptcy Claims Trading Activity
(DBN)

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Discharge:

Bankruptcy court orders state agency to give back woman’s tax refund
(DBN)

Supreme Court Holds That a Statement About a Single Asset Can Be a Statement Respecting a Debtor’s Financial Condition
(DBN)

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Standing:

Are Attendance and Objection in Bankruptcy Court Prerequisites for Appellate Standing?

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Pre-Emption:

Delaware Bankruptcy Court Upholds Bankruptcy Code Pre-emption Invalidating Pre-Petition Claims as Part of Post-Petition KERP
(DBN)

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Miscellaneous:

Three Provocative Business Bankruptcy Decisions of 2018
(DBN)

Fifth Circuit Report: First Quarter 2018
(DBN)

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Insurance:

Insolvency set-off in the reinsurance context in different jurisdictions
(DBN)

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Maritime:

Recent Ninth Circuit Decision Elevates Maritime Law Principles over Bankruptcy Law
(DBN)

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Exemptions:

Requirements for Massachusetts Homestead Exemption: Can Debtors Exempt Principal Residence Occasionally Rented as Short-Term Lodging?
(DBN)

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Litigation:

A New Litigation Funding Firm Launches With an Industry Veteran
(DBN)

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Avoidance Actions:

Debate Intensifies as to Whether the Bankruptcy Code’s Avoidance Provisions Apply Extraterritorially
(DBN)

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Tax:

Deadline to File Petition for Review with Tax Court is Jurisdictional says the 9th Circuit
(DBN)

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Student Debt:

Education Department is failing to provide public service loan forgiveness, senators say
(DBN)

Student-Debt Forgiveness Is a Wonderful Boon, Until the IRS Comes Calling
(DBN)

South Dakota regulator moves to shut down ReliaMax
(DBN)

Growing Share of Student Loan Debt Being Paid under Income-Driven Repayment Plans
(DBN)

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Gambling:

Can Sports Betting Do for Atlantic City What Donald Trump Couldn't? Atlantic City Places a New Bet on an Old Favorite: Casinos

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Education:

Sale of McNally Smith building, equipment brings nearly $1 million for bankruptcy estate St. Paul school’s bankruptcy creditors have $6.7M in claims
(DBN)

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Celebs:

Lil' Kim Slapped with Another Tax Lien Amid Bankruptcy Woes
(DBN)

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Paper:

Great Northern Paper's bankruptcy case ends
(DBN)

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Healthcare:

Gilbert Hospital's once-optimistic future crumbles
(DBN)

Sky-High Deductibles Broke the US Health Insurance System
(DBN)

Kentucky and Florida insurers seek ACA rate hikes
(DBN)

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Hotels:

Pere Marquette Hotel prepares for sale Marriott Pere Marquette auction set for September?
(DBN)

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Musical Instruments:

Gibson seeks OK to sell electronics inventory

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Corporate Governance:

Delaware Backs Overhaul of Shell-Company Rules
(DBN)

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UK:

Third of UK financial services considering staff relocation
(DBN)

Brexit: UK Car Investments Slump
(DBN)

The EU's £1.6 trillion services industry is 'extremely concerned' Britain is heading for a 'cliff-edge' Brexit
(DBN)

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EU:

Eurogroup head to seek EU summit's guidance on easier debt restructuring
(DBN)

EU leaders to boost bailout fund role, but duck talks on deposit insurance
(DBN)

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PIIGS:

Experts warn of plenty of work ahead for Greek recovery Greece: the so called debt reduction is a sleight of hand S&P upgrades Greece's rating one notch
(DBN)

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Canada:

Amid Canada’s housing crisis, to live in a coffee shop isn't all that unusual
(DBN)

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India:

Why investing in corporate bonds in India may be bad news, McKinsey explains
(DBN)

India's Push to Fast-Track Bankruptcies
(DBN)

Not just Air India, these 3 factors bringing down profitability of airlines around the globe
(DBN)

India is now the most dangerous country in the world for women
(DBN)

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Venezuela:

Venezuela's creditors aim to avoid infighting in call to unity
(DBN)

The Army Took Over the Spigots, Forcing Thirsty Venezuelans to Pay
(DBN)

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China:

China Pushes $100 Billion Into Economy
(DBN)

Trade - War Turmoil Hits Top Chinese Internet Stocks As Alibaba Falls
(DBN)

Chinese Airlines Become Collateral Damage in US Trade Spat
(DBN)

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South Africa:

Jindal Steel's units in South Africa file for bankruptcy protection
(DBN)

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Australia:

Exceptions to the stay on the exercise of 'ipso facto' provisions
(DBN)

Oliver Brown to exit voluntary administration
(DBN)

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Japan:

Financially troubled yakuza reduced to stealing watermelons
(DBN)

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MENA:

Abraaj founder Naqvi faces bad cheque charges
(DBN)

Debt risk rises most on record for Bahrain
(DBN)

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