June 5, 2018

The Daily Bankruptcy News

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3-Column Formating

 

Law:

New York To $190K — No, Cravath Didn’t Make The First Move Milbank Boosts Associate Salaries With $190K Starting Pay Milbank boosts associates’ starting pay to $190K Who Will Match The Milbank Raise? The First Firm Has Matched The New Milbank Scale Milbank and Hueston Hennigan hike associate starting salaries to $190K This firm just hiked starting pay to $190K The Reason Why Milbank Raised Associate Salaries Fewer Firms Expected to Follow Milbank's Associate Pay Boost
(DBN)

Legal Jobs Slump In May As Sluggish 2018 Continues
(DBN)

Burr & Forman Adds Three Bankruptcy Attorneys In Atlanta
(DBN)

Miami's Sequor Law Raids GrayRobinson for Two Insolvency/Litigation Partners
(DBN)

Bluffing Your Way Out Of Ignorance
(DBN)

Goodbye Boozefests, Hello Spinning Classes: Summer Associates After #MeToo
(DBN)

Bankruptcy Lawyer: Using Mindfulness To Combat Social Bias
(DBN)

Judge Seals Documents in Recruiter's Suit Against Simpson Thacher
(DBN)

An Unlikely Source Stirs Debate Over Avvo Legal Services
(DBN)

Sheppard Mullin Conflict Waiver Case Puts $4M Fee at Stake
(DBN)

Law Firm Assets Frozen to Protect Victims of Lawyers’ Fraud
(DBN)

Should law schools pressure their students to go into low paid, thankless public service jobs?
(DBN)

Thomas Jefferson Law School Abandons Trophy Building, Rents 80% Less Space In Office Building In Bid To Keep Accreditation
(DBN)

Why lawyers will love iOS 12
(DBN)

'I have the absolute right to pardon myself,' Trump says in morning tweetstorm Giuliani’s New Tactic: Arguing Trump Can Literally Get Away With Murder Democrats warn Trump on pardon powers: ‘You are not a king’ Harvard Law Prof: If Trump Pardons Himself, He’s Worse than George III Ted Cruz Takes 18 Seconds of 'Awkward' Silence Before Balking at Trump Pardon Question Can Trump pardon himself? Not if he’s impeached Does the Law Apply to Donald Trump? Can a president obstruct justice? Trump says he has the power to pardon himself as experts weigh in Yes, the President Can Pardon Himself Trump is venturing into uncharted legal territory as he muses about pardoning himself Trump lays out two rationales for pardoning himself in the Mueller probe DOJ’s Own Website Clearly Contradicts Trump on Presidential Self-Pardons Guiliani: Trump Could Have Shot Comey In Oval Office And Not Face Indictment What we know about Trump's self-pardon power Here is what 11 experts say about whether President Trump can pardon himself Can the president pardon himself? 4 questions about pardons Legal experts divided on whether Trump can self-pardon Reactions to Trump's self-pardon tweets
(DBN)

FBI's Anger is Rising Over Trump's Attacks
(DBN)

Mueller’s office accuses Paul Manafort of trying to tamper with potential witnesses Mueller asks judge to revoke Paul Manafort's bail on accusations that he tried to tamper with potential witnesses Mueller Accuses Paul Manafort of Attempted Witness Tampering Trump rips FBI, DOJ for not notifying him of Manafort investigation Mueller Team Accuses Paul Manafort Of Tampering, Asks Judge To Revoke Release Why a witness tampering charge could deal a huge blow to Manafort's defense Most White House staff on Mueller: "I know nothing" Did Trump lawyers 'misread' key precedent cited in letter to Mueller?
(DBN)

Judge in libel suit rules BuzzFeed may have protection for report on Trump dossier
(DBN)

Special master in Michael Cohen case finds few privileged items in initial review of files
(DBN)

Supreme Court rules narrowly for Colorado baker who wouldn't make same-sex wedding cake Supreme Court cites agency hostility in ruling for Christian baker Colorado baker case hints at how Supreme Court will rule on Trump travel ban The worst form of judicial minimalism — Masterpiece Cakeshop deserved a full vindication for its claims of religious liberty and free speech The Supreme Court Punts on Cakes for Same-Sex Couples A “view” from the courtroom: Justice Kennedy’s Master-pièce de résistance Colorado Made the Masterpiece Case Easy for the Court Another gay wedding case that could go to the Supreme Court. This one's about flowers It's Not About Cake, It's Religious Hostility Battle Over Religion, LGBT Rights Not Over Yet
(DBN)

Blame Harvey Weinstein, Not His Lawyers Bill Clinton confronted on #MeToo, Monica Lewinsky Why Harvey Weinstein Might Have Trouble Getting a Fair Trial Bill Clinton says he doesn’t owe Monica Lewinsky an apology Harvey Weinstein was a charlatan and a nightmare to work for, says media veteran Tina Brown #MeToo Complaints Swamp Human Resource Departments
(DBN)

Physicist Charged With Two Counts of B------- at MSU
(DBN)

Teacher who fed puppy to snapping turtle in front of students charged with animal cruelty
(DBN)

Woman forced into labor by cult is awarded $8M
(DBN)

Court Docs Reveal How Police Got DNA of Golden State Killer Suspect
(DBN)

Suspect in slayings of Arizona legal professionals apparently kills himself Paralegals Shot To Death At Law Firm In String Of Murders
(DBN)

Casey Anthony could face second trial in Orlando
(DBN)

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Judges:

What Not To Do In The Courthouse
(DBN)

BK WD PA: Career Opportunity - Judicial Law Clerk - Term
(DBN)

Federal judges have a responsibility to report colleagues’ harassing behavior, report says
(DBN)

Workplace Changes Recommended for Judiciary
(DBN)

Duane Morris, Hinshaw Partners Tapped For Calif. Bench
(DBN)

Special master who reviewed billing in $300M case recommends significant refund, judge says
(DBN)

Biglaw Firm Gets Benchslapped Over ‘Astonishing’ Fee Request
(DBN)

Shocking photo shows mass trial where 37 accused illegal immigrants are being processed at once
(DBN)

Judgment day arrives for Judge Aaron Persky, who sentenced Brock Turner in Stanford rape case
(DBN)

Senate obstructionism handed a raft of judicial vacancies to Trump—what has he done with them?
(DBN)

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Wall Street:

US stocks set to pause at the open, after Nasdaq scores record close U.S. stock futures edge higher, with techs eyeing a new record
(DBN)

Nasdaq notches record close as shares of Apple and Amazon jump to new highs
(DBN)

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Layoffs:

McDonald's to add self-order kiosks to 1,000 stores each quarter
(DBN)

Toys 'R' Us employees protest lack of severance pay
(DBN)

Biopharmaceutical Solutions Company to Lay Off 100
(DBN)

Movement Mortgage cuts 100 jobs
(DBN)

KPMG South Africa to cut 400 staff and close offices
(DBN)

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Coal:

Coal Money Stays With Bankruptcy Estate, 6th Circ. Says
(DBN)

The global battle over coal's future
(DBN)

Murray Energy Swaps Debt on Heels of Trump Plan to Boost Coal Murray Energy Corporation Announces Refinancing Transactions and Receipt of Support from More than a Majority of Lenders and Noteholders
(DBN)

Energy chief defends Trump directive on coal, nuclear plants
(DBN)

Trump’s plan to use a Cold War-era law to bolster the coal industry, explained
(DBN)

Bailing Out the Coal Industry Will Hurt Consumers
(DBN)

Could China Save The U.S. Coal Industry?
(DBN)

The climate stakes of Trump's power move
(DBN)

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Gambling:

Delaware gets legal sports betting this week
(DBN)

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Economy:

Gary Cohn reportedly kept the jobs report away from Trump out of concern he would break protocol and comment on them early
(DBN)

Nine out of 10 new jobs are going to those with a college degree 1 out of 5 men who didn't go to college don’t have jobs. Here’s why
(DBN)

Americans are way more in debt before retirement than ever before
(DBN)

Manufacturing Jobs Up 18,000 in May; 322,000 Under Trump
(DBN)

Is Trump right that it’s the “best economy & jobs EVER"?
(DBN)

Ex-Bush aide on Trump trade: 'You can't put a gun to someone's head and say let's negotiate' Trump's phone call with Macron described as 'terrible' Trade war raises risk of recession, economists say Trump ultimately wants a world with no trade tariffs: White House advisor Billionaire Koch brothers' political network will spend millions to oppose Trump's tariffs – the group's biggest split with the president so far US trade talks appear to be at 'a low' with China and allies Why a bet against the dollar makes sense as trade-war fears fester Trump's trade battles are behind a huge shift in how some of America's top economists feel about the economy Tariffs On Aluminum Alienate Allies, Association CEO Says Koch brothers taking on Trump over free trade Mexico is ready to hit back against Trump's trade war by placing tariffs on pigs 'It will be a lose-lose': Tim Cook criticized Trump as he wages trade wars with the world Tim Cook isn't too worried about a trade war Protectionist measures are dangerous and self-defeating, says Singapore's trade minister Former central banker warns that ongoing trade tensions 'can get out of control very quickly'
(DBN)

If wages are to rise, workers need more bargaining power
(DBN)

JP Morgan upgrades US stocks, downgrades Europe on Italy political turmoil
(DBN)

Loews Hotels CEO: We're 'losing market share' due to Trump's extreme vetting of foreign visitors
(DBN)

Cash-rich companies are set to pour $2.5 trillion into buybacks, dividends and M&A this year
(DBN)

Here's how American spending habits have changed over the last few decades
(DBN)

U.S. Births decreased in 2017
(DBN)

A Decade Later, U.S. Stocks Behave Like Lehman Never Happened
(DBN)

Who Works the Hardest?
(DBN)

A city ponders whether $500 a month, no strings attached, would help reduce poverty
(DBN)

The Price Of A Cup Of Coffee Worldwide
(DBN)

Tax reform is squeezing charitable giving
(DBN)

Coming 'Carbon Bubble' Could Cost Economy Trillions
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

First-time homebuyers made up nearly half of new Freddie Mac mortgages in Q1
(DBN)

SunTrust back in compliance with National Mortgage Settlement servicing rules
(DBN)

Black Knight Mortgage Monitor for April
(DBN)

Kansas City: Defunct contractor faces more questioning from clients who say he owes them money
(DBN)

Property losses mount on Hawaii's Big Island as lava flow spreads
(DBN)

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Municipalities:

Providence: Bankruptcy is better option than water system sale
(DBN)

A bright day for Dallas as it nears deal in lawsuit that threatened the city with bankruptcy
(DBN)

Debt ease critical to Caribbean climate resilience
(DBN)

Thousands of Shoes Honor Hurricane Maria's Victims in San Juan
(DBN)

San Juan Mayor Blasts Trump’s ‘Total Neglect’
(DBN)

Puerto Rico’s Schools Are in Tumult, and Not Just Because of Hurricane Maria
(DBN)

Should Puerto Rico's devastation be a bigger story than 'Roseanne's cancellation?
(DBN)

California Cities Keep Declaring Fiscal ‘Emergencies,’ and Investors Are in on It
(DBN)

Illinois OKs $423 Million Pension Bond Buyout, but Its Debt is Growing too Fast
(DBN)

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Oil/Gas:

Hedge funds get bearish on oil, as bets that prices will fall hit their highest in 6 months
(DBN)

EV Energy Partners Successfully Completes Financial Restructuring
(DBN)

OPEC faces new concern over global oil supply: China
(DBN)

Oil bulls lose heart as mega producers signal more supplies
(DBN)

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Distressed Investing:

Manufactured Default: The mystery trader who roiled Wall Street
(DBN)

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Autos:

Tesla spends millions in materials that end up scrapped: report Internal documents reveal Tesla is blowing through an insane amount of raw material and cash to make Model 3s, and production is still a nightmare Tesla Has Lost Nearly 25% of Model 3 Preorders
(DBN)

Courtroom revelations in Dusty Old Cars lawsuit
(DBN)

Annual Vehicle Sales: On Pace to decline slightly in 2018
(DBN)

Update: Framing Lumber Prices Up Sharply Year-over-year, At Record Prices
(DBN)

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Retailing:

Toys R Us is selling every piece of furniture from its closing headquarters that once housed 1,600 people, and the photos are depressing
(DBN)

Walmart, Target, Kohl's see the light at the end of Toys R Us' tunnel
(DBN)

The 'retailpocalypse' is over and it's time to go long Macy's, Evercore ISI says
(DBN)

GNC's Debt Cluster Bomb
(DBN)

PetSmart Moves Part of Chewy.com Out of Creditors ' Reach
(DBN)

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Fintech:

LongFin Corp. Going Bankrupt, Its Stock Heading To Zero Soon
(DBN)

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Hotels:

Miami Beach proposes major crackdown on short-term rental platforms
(DBN)

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Diamonds:

Start-up is selling lab-grown diamond rings at a 30% discount—jewelers couldn't tell the difference
(DBN)

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Currency:

Apple co-founder Steve Wozniak hopes bitcoin will become a single global currency
(DBN)

Signs that bitcoin may finally be hitting a bottom
(DBN)

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Education:

Court approves sale of Dowling College Brookhaven campus for $14M
(DBN)

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Aviation:

Airline Warn: Air Fares To Rise Despite Fuel Hedges
(DBN)

Higher Fuel Prices Has American Airlines' Boss Hoping For The Unlikely: An Industry-Wide Price Hike
(DBN)

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Tech:

Cambridge Analytica Revenue Fell as Questions About Data Tactics Surfaced
(DBN)

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Turnarounds:

Thinking like a turnaround CFO
(DBN)

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Auto Racing:

Is NASCAR Ripe For A Sale?
(DBN)

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Entertainment:

Relativity Faked Memo Accusing Executive of Harassment, Judge Rules
(DBN)

Hollywood Guilds Sue Union Bank Over Weinstein Movie Residuals
(DBN)

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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 (31 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (14 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:

Justices Uphold Bankruptcy Protections For Dishonest Debtors Supreme Court rules for dishonest debtor in bankruptcy case Lying About Assets? Just Don’t Do It in Writing, Justices Say Supreme Court's ruling reminds creditors to get it in writing The Opinion
(DBN)

State Court Default Judgment Estops Debtor from Contesting Former In-laws’ Action to Deny Discharge in Later Bankruptcy (with bonus practice pointers!)
(DBN)

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Cross-Border:

Singapore company files for $325M bankruptcy in White Plains
(DBN)

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Third Party Releases:

The Changing Landscape of Consensual Third-Party Releases in Chapter 11 Plans: Does Silence = Consent?
(DBN)

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Consolidation:

SDNY District Court Upholds Substantive Consolidation to Eliminate Guarantee Claims
(DBN)

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Litigation:

Lawmakers, legal funding industry square off over regulation in New York
(DBN)

Asset recovery Q&A
(DBN)

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Politics:

The big problem with any North Korean nuclear deal Trump's hawkish security adviser may have tried to sabotage the Kim Jong Un summit — and now he's out of the talks Despite summit diplomacy, Korea war risks have risen
(DBN)

US appeals ruling that Trump could not block Twitter followers
(DBN)

Aide: EPA's Pruitt sought a used Trump-hotel mattress
(DBN)

Poll: Majority expects foreign meddling in midterms
(DBN)

Starbucks' Howard Schultz is stepping down amid rumors of a presidential run Howard Schultz established himself as a player in politics before he decided to leave Starbucks
(DBN)

Confederate Icon Removal Gathers Momentum, Backlash
(DBN)

'How are we supposed to believe what's said from the podium?': Reporters grill Sarah Sanders over shifting Trump Tower meeting explanations
(DBN)

Fox News host Shep Smith lashes out at the Trump administration: 'It's one of those days when you just don't know what to do'
(DBN)

After 500 days, hundreds of White House jobs remain unfilled by Trump administration
(DBN)

White House disinvites Philadelphia Eagles from visit after team indicates some players would skip the ceremony Trump says White House will 'celebrate America' instead of hosting Super Bowl victors Eagles Strong words for Trump
(DBN)

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Arbitration:

Fitbit lawyers reveal ‘ugly truth’ about arbitration, judge threatens contempt
(DBN)

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Pensions:

Reorganizations Derailed by ERISA
(DBN)

Tops Teamster workers fuming over loss of pensions
(DBN)

Insolvency Looms Larger for PBGC Multiemployer Program
(DBN)

Minnesota Signs Bipartisan Pension Reform into Law
(DBN)

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Student Debt:

Student loans have become our modern-day debtors prisons
(DBN)

Court Considers Questions on Loan Forgiveness for Defrauded Students
(DBN)

Huge student debts are unfair. Let’s move towards a graduate contribution
(DBN)

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Healthcare:

Entrepreneur promises bankrupt California hospital solvency through remote lab billing
(DBN)

Skimping can't save seniors from rising medication costs, Feds say
(DBN)

Affordable Care Act premiums keep going up
(DBN)

ME: Court Orders LePage to Expand Medicaid
(DBN)

______________

Radio:

Cumulus Officially Emerges From Bankruptcy
(DBN)

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UK:

Insolvency experts call for CVA reforms
(DBN)

Britain will have just a few weeks to agree 40 bilateral trade deals before Brexit
(DBN)

Britain takes around $2.66 billion loss on RBS share sale
(DBN)

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EU:

CERIL Report 2018-1 on Realisation of the EU Insolvency Regulation (EIR 2015) in the Member States
(DBN)

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PIIGS:

Italy's populists are on a roll as coalition looks to pass confidence votes Italy's populists take power, but can they control the country's purse?
(DBN)

Debt-ridden Italian lender Unicredit and scandal-hit French bank Societe Generale plot £56bn merger
(DBN)

Italy turmoil shows banking 'doom loop' still a powerful force
(DBN)

Delayed Greek asset sales pick up steam as bailout approaches end
(DBN)

Greek economy grows for fifth straight quarter
(DBN)

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MENA:

Cerberus offers $125 million to buy Abraaj unit Abraaj and creditors set to agree on debt standstill Abraaj expects deal on secured debt, Kuwaiti creditor holds out
(DBN)

Dana Gas gets wide support from creditors for sukuk restructuring
(DBN)

Saudi Women Get First Drivers Licenses
(DBN)

______________

India:

In a first, firm liquidated as a going concern
(DBN)

Supreme Court rejects plea to halt Binani Cement’s resolution
(DBN)

India’s $210 billion bad loans pose as attractive bet for foreign investors hunting for higher returns
(DBN)

Debt-ridden farmer ends life
(DBN)

Why no one wants to buy Air India
(DBN)

Issues Arising Under The Indian Bankruptcy Code - An International Perspective
(DBN)

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Switzerland:

Switzerland is set to vote on a radical 'sovereign money' plan: Here’s what you need to know
(DBN)

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China:

Banker's apparent suicide brings attention to China's troubled lenders
(DBN)

China shows faster pace of economic restructuring , but still relying on credit: Moody's
(DBN)

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Venezuela:

Kick Venezuela out of OAS, urges Pompeo
(DBN)

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Germany:

Germany: Restructuring & Insolvency
(DBN)

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