March 14, 2018

The Daily Bankruptcy News

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Law:

The Legal Industry Keeps On Losing Jobs Legal Sector Hiring Shows Shift In Demand And Practices
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The LEAKED 2019 U.S. News Law School Rankings Are Here
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H. Jeffrey Schwartz Joins McKool Smith
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Matthew Czyzyk, Jack Mead, Alexandra Caddy and Peter Madden Join Kirkland & Ellis’ Restructuring Group in London
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Jones Day's MP on Why Firm's Fight Against Heller Trustee Was Good for Clients
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Poster Child: Michael M. Parker
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Blank Rome to Shuffle Leaders in 2019
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Global Law Firm Network Report Suggests Tougher Competition for Big Law
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Defunct Dickstein Shapiro Sues Reed Smith, Ex-Client Estee Lauder Over Fees
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Corporate counsel trigger the new law revolution
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Another Biglaw Firm Reports Dismal Gender Pay Gap Allen & Overy resolves to improve gender balance Quartet of law firms unveil gender pay and bonus gaps
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Nothing You Can Say On Diversity
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Few lawyers see visible steps to rectify gender diversity
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Did #MeToo Really Bring A Reckoning To The Legal Industry?
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Law Firms and Their Partners Revisited: Reflections on Three Decades of Lawyer Mobility
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Morgan Lewis Scolded for Possible Conflict
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Judge fails to see humor in N-word ‘joke,’ refuses to toss suit against Quinn Emanuel
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Law Firm Sued For $10 Million Over ‘Menacing’ Behavior
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Law School Will Slash Faculty By 25 Percent To Free Up Funds For Recruiting Better Students
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How A Legal Education Helps You Thrive In Business
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Regulator warns law firms over use of non-disclosure agreements
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Betsy DeVos Saves Law Students From Having To Repay Their Loans Nearly 300 former students at shuttered law school are eligible for discharge of student loans Former Charlotte Law Students Get Loan Discharge Extension
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Tax Law’s Latest Victims: Our Clients
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You’re Perfect, Now Change: Perfectionism Hurts Lawyers
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In New Ethics Ruling On Blogging, ABA Opines Like It’s 1999
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Just Do… Anything To Promote Your Firm Online
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As a career in house lawyer, am I at a market disadvantage without any law firm experience?
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ABA letter expresses concern about Sessions’ ‘apparent intent’ to close Access to Justice office
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Manafort could face ‘rest of life in prison,’ judge says Rep. Trey Gowdy disagrees with GOP colleagues in House probe, says Russia wanted to hurt Clinton The Walls Are Closing In on Trump Democrats vow to continue Russia probe and issue own report
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When Scandals Break, Washington Elite Turn to Williams & Connolly
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Katy Perry Killed A Nun (Kinda) And She Liked It (Probably) Katy Perry goes after real estate developer who was ordered to pay her $5 million for interfering in the popstar's purchase of a convent after the house flipper files for bankruptcy
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Social media under the microscope for role in gun violence
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Tex McIver Killed Wife to Maintain His Wealth and Power, Prosecutor Contends Tex McIver Tears up as Defense Delivers Opening Statement at His Murder Trial Fisher Phillips Witnesses Detail Pay Cuts for Tex McIver Before Wife's Shooting
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Harvey Weinstein’s Accusers Tell Their Stories
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Jury Convicts Ex-Cuomo Aide After Bribery Trial
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Trump Fans Freak Out After Anti-Immigrant Activist Stopped and Deported by Border Cops
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Video Shows Border Patrol Agents Ripping Mother Away From Her Three Daughters
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Day Care Operator Who Drugged Children To Go To Tanning Center Sentenced To Over 21 Years
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NFL Linebacker Pleads Not Guilty to Biting Woman
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Bride Arrested for DUI on Her Way to Wedding
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Man steals neighbor's peacock, gets chased by angry birds
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Court Upholds Texas' Show Your Papers Law Federal appeals court upholds Texas’ crackdown on 'sanctuary cities'
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Judge has a problem with law firm’s ads, but says rival can’t recover damages
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Judges:

BK ME: Delayed Opening Due To Weather
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A Court Left Behind In Trump’s Push To Fill The Bench
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AO Publishes Annual Report and Court Statistics
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Justice Clarence Thomas Wants Law Students To Be More Positive
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Judicial Conference Receives Status Report on Workplace Conduct Review
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Group Investigating Sex Harassment in Judiciary Eyes May Wrap-Up
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How state and local bar associations can protect judges from unfair attacks
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'Feeling fine' at 85: Justice Ruth Bader Ginsburg fends off retirement Supreme Court justice Ruth Bader Ginsburg’s favorite New York City eats
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Trump appoints lots of white men to be federal judges. Here’s why it matters Trump Is Remaking The Courts In His Image: White, Male and Straight
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Possible Justice Kennedy retirement would give Trump opportunity to tilt Supreme Court to right
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Insane Video Shows U.S. Marshal Shooting Armed Defendant in Federal Courtroom
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Wall Street:

U.S. stocks shape up to rebound, as focus turns to retail US stocks set for a positive open as political concerns rumble onsales
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U.S. stocks close lower, tech weakness ends lengthy Nasdaq streak
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Goldman's Schwartz reportedly gave company an ultimatum for Blankfein's job and lost
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Just two stocks have been responsible for all the Dow's gains this year
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Politics:

Trump fired his longtime personal assistant who is under investigation for financial crimes Trump’s longtime personal assistant, John McEntee, is fired - Unspecified security issue Why Trump's Personal Assistant Was Abruptly Fired and Escorted Off White House Grounds
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'What will it take?': Experts were floored by Trump's initial silence on Russia's attempt to assassinate a former spy in the UK Trump says he will wait for 'the facts' on Sergei Skripal poisoning before condemning Russia Trump to May: U.S. is with U.K. "all the way" on spy attack Russian poisoning of ex-spy a dangerous escalation
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CBS News president teases 60 Minutes' Stormy Daniels interview How Trump Can Sow Legal Chaos at CBS over the Stormy Story There’s No Way A Court Is Going to Ban CBS From Airing Stormy Interview Stormy Daniels’s Lawyer Says Trump Missed Settlement Offer Deadline Notary Being Investigated for Not Signing Stormy Daniels NDA Stormy Daniels is Furiously Trolling Her Critics on Twitter
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New GOP poll shows Trump's base wants the wall, but they'll take Dreamers, too
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Hillary Clinton slams Trump voters, says America doesn’t deserve this president Hillary Clinton Criticized After Saying Trump Voters Supported a 'Backwards' Agenda Hillary Clinton Again Claims That She Lost Because White Women Are Controlled By Their Husbands
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As Close As It Gets: Democratic underdog in PA race declares victory as special election comes down to absentee ballots Pennsylvania House race too close to call Democrat Conor Lamb is the apparent winner of Pennsylvania special election in Trump country Republicans are panicking after a Democrat just cleaned up in a deep-red district — and the results should 'terrify' them Here's why the Pennsylvania special election result should scare the bejeezus out of Republicans Pennsylvania's special election may not get a recount as Democrat Lamb declared victory by less than 1,000 votes
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Secretary of State Tillerson out amid clashes with Trump, to be replaced by CIA Director Pompeo The long road to Tillerson's ouster Trump sacks Secretary of State Tillerson; CIA chief Pompeo to take State reins Tillerson found out he was fired when Trump tweeted about it — and he doesn't know the reason behind his ouster Trump Ordered Tillerson to Eat His Salad
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YouTube announces crackdown on conspiracy theories
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FactCheck: "The state of California is begging us to build walls in certain areas. They don’t tell you that"
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Economy:

Inflation fears cool off as consumer prices rise in line with expectations Key Measures Show Inflation About the Same Year-over-year in February as in January Guts of U.S. CPI Data Show Key Inflation Gauge Weakest in Years
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The most important chart in the world, updated for February CPI data
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U.S. Manufacturing: Tougher Than You Think
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Trump: Larry Kudlow has 'good chance' at replacing Gary Cohn as top economic advisor Larry Kudlow is usually wrong
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A key recession indicator is flashing yellow again
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Credit Card Debt Surpasses $1 Trillion
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Small Business Optimism Index Increased in February, "Difficulty of finding qualified workers" is Top Problem
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Ten Years After the Bear Stearns Bailout, Nobody Thinks It Would Happen Again
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Why there are no real winners in a trade war Trump’s tariffs risk harm to allies, cede leadership to China Challenges to Trump’s Tariffs Could Linger in Court The Trump Administration’s War on New Housing McConnell says "unlikely" Senate will upend Trump's tariffs Trump's new tariffs are different from those implemented by Obama and Bush — and they could risk a trade war U.S. Steel may be ‘worse off’ after tariffs, but it is a 'great short' Even supporters of Trump's economic policies are slamming the 'nonsense' tariffs Trump considers indefinite tariffs, investment restrictions against China: Source Trump shaking up market for now, but only trade wars would bring big sell-off: Analysts Trump's Tariffs Might Actually Work G20 to Speak on Unfair Trade Practices Trump reportedly looking at $60 billion tariffs on Chinese tech imports, intellectual property crackdown China just made this trade war very personal
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Trump’s Broadcom block is just a ‘prelude’ to more China takedowns
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The economist Joseph Stiglitz explains why he thinks the late Milton Friedman's ideas have contributed to rising inequality in the US
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Here are the highest and lowest state and local tax rates
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How much money middle-class families earn in every US state
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Krugman: Springtime for Sycophants
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Dealmaking Gets Harder Under Trump
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Mapping the Top Export of Every Country
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A Better Way to Revive America’s Rust Belt
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The 25 Countries With the Most Billionaires
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Elderly in U.S. Are Projected to Outnumber Children for First Time
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US Debt Clock
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World Debt Clock
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How People Really Live
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Real Estate:

Real estate economist: Home prices are increasing twice as fast as income growth
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Trump-branded condos underperform New York’s booming real-estate market
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El Paso: Downtown buildings' owner Billy Abraham property rich, cash poor Trustee to be put in charge of Downtown property owner Billy Abraham's bankruptcy cases Property owner Billy Abraham loses control of 11 buildings Bankruptcy judge decides to keep Abraham's case under Chapter 11 reorganization
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Fannie Mae looking to offload nearly $2 billion in re-performing loans
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Buying a home this spring? Brace yourself for some tough decisions
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Municipalities:

Months Before Winning $300 Million Puerto Rico Contract, Whitefish Energy Was On Shaky Financial Ground
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US House committee probes corruption in Puerto Rico
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Exodus: The Post-Hurricane Puerto Rican Diaspora, Mapped
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Time for a Change at the Puerto Rico Oversight Board
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Paper:

Bankruptcy court approves bidding process for Appvion assets
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Radio:

iHeartMedia Bankruptcy Talks Extended Another 24 Hours
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iHeartMedia Just Days Away from Bankruptcy as Rescue Negotiations Stall
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Travel:

This Delta flight scare is a reminder why you should never put electronics in checked baggage
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Horrified United passenger finds 10-month-old puppy dead after flight attendant forces her to put her pet in an overhead bin
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Fraud:

Ex-Barclays Trader Loses Appeal Of Libor-Rigging Conviction
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CDS:

Hedge Funds Seek Fixes to Credit Default Swaps After Being Stung by Loopholes
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Biofuels:

Biofuel credits see-saw after Philadelphia refiner settlement
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US Biofuels Sector Blasts Settlement With Bankrupt Philadelphia Refinery
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Corporate Reform:

The Economic Growth, Regulatory Relief, and Consumer Protection Act
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Trump's CFPB looks at credit cards and, absurdly, sees 'a positive picture for consumers'
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The Attack on the CFPB Threatens Consumers and Ignites a Race to the Bottom
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Debt Collection:

Debt collection, fraud are making consumers angry
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Student Debt:

Student debt crisis deepens as Gen Z enters college
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Would Canceling All Student Debt Help The Economy?
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Debate Begins on Durbin’s Proposals to Reform Private Student Lending Laws
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Food/Beverage:

How Casual Dining Restaurants Can Take Back Their Lunch
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Accounting:

PwC reveals highest gender pay gap of Big Four
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Festivals:

Geragos Firm To Lead Class In Consolidated Fyre Fest Suits
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Currency:

Bitcoin Struggles To Stay Above $9,000 As Traders Wait And See
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Telecoms:

Sprint Could Be The Turnaround Of The Year
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Education:

Are the owners of bankrupt McNally Smith awaiting a tidy profit?
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Maritime:

Harvey bankruptcy puts US LNG bunkering in focus
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Turnarounds:

The ‘Softer’ Side of Managing a Turnaround
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Roundtable: By the Numbers
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Marijuana:

Update: Sessions Shines Some Light On DOJ Marijuana Enforcement
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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
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Recent Ch. 11 Filings (11 new filings today)
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Recent Ch. 11 Adversary Proceeding Filings (11 new filings today)
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Bankruptcy Code (html) - Bankruptcy Code (pdf) Prior BK Codes (pick year from list) - Bankruptcy Rules
(large downloads)

UCLA-LoPucki Bankruptcy Research Database
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Bankruptcy Jobs:

(1) (2) (3) (4) (5) (6) (7) (8)
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Seminars - (Contact us to list your seminar)

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Bankruptcy Statistics:

February Total Bankruptcy Filings 2008-18
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South Dakota bankruptcy filings on the rise
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Cross-Border:

High Court approves cross-border protocol for Ezra Holdings' bankruptcy proceedings in US and Singapore
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Exemptions:

Fifth Circuit, in Bankruptcy Ruling, Lets Convicted Businessman Pay Criminal Defense Counsel with House Sale Proceeds
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Mediation:

Mediation Confidentiality Protection: A “Very High Bar to Overcome”
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Arbitration:

Second Circuit Finds Arbitration Conflicts with Discharge Injunction
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Valuation:

Tracing Equity
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Litigation:

Does Advice-of-Counsel Defense Waive Privilege for In-House Lawyers?
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Guns:

Gun Maker Remington Plans to File for Bankruptcy Protection Remington again delays bankruptcy filing Remington's bankruptcy filing expected soon
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Dick’s Says Firearms Restrictions Turned Away Some Customers
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Why do gun-makers get special economic protection?
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Healthcare:

Nearly 1 in 5 Americans Has Crippling Medical Debt
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Costly health care drives the US to spend double the rate of other high-income nations The real reason the U.S. spends twice as much on health care as other wealthy countries
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Retailing:

Claire's edges closes to bankruptcy Claire's Accessories could be filing for bankruptcy very soon Claire's will reportedly file for bankruptcy; new test finds asbestos in makeup
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94% of retail execs expect as many — or more — bankruptcies in 2018
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Toys ‘R’ Us Misses Vendor Payments
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Toys R Us gift cards could be useless in a matter of weeks
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Toys R Us prepares plan to liquidate its business
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Toys 'R' Us - Limited Impact For Retail REITs
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We still love toys; here's why Toys R Us is going down anyway
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Big-Box Shoe-Seller DSW Is a Retail Guinea Pig
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Guitar Center downgraded again on new refinancing plan
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Walmart to expand grocery delivery business to 800 stores by year's end
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Steinhoff — too big for vulture investors to ignore
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Aviation:

Luxury Yacht Seized in Zetta Jet Bankruptcy Case
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Distressed Investing:

Don't Look Now But Lynn Tilton Is “ Bankrupt ”
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Investors challenge Tilton's U.S. bankruptcy plan for her Zohar funds
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UK:

Weil Gotshal on Carillion collapse, UK insolvency reputation, & restructuring reform
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The BHS saga continues - can a CVA ever permanently vary the terms of a lease?
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Law degrees to be graded gold, silver and bronze under new government proposals
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UK economic growth slowest among G20
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Tough start to the year leads to insolvency risk rise
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EU:

EU banks to face bigger backstops for new bad loans- draft
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PIIGS:

Greece: Plotting a Path to a Post-Bailout Economy
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Greece Is Quietly Backsliding on Reform
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Canada:

Use of Roll-ups in Canadian CCAA Cases Is Hotly Debated
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Change bankruptcy laws to protect workers, pensioners
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Bishop Street merchants driven to bankruptcy by 3-year marathon construction project
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Some Canadians would sell an organ to get rid of debt, survey shows
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India:

Over 9,000 cases under consideration of NCLT, including over 2500 cases of insolvency, says government
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Insolvency code amendment carries unintended negative effect
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Insolvency and Bankruptcy Code: The loopholes that need to be plugged
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Resolution professional doesn't require nod of shareholders/members for insolvency resolution
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Venezuela:

Venezuelan Debt: Further Thoughts on “Why Not Accelerate and Sue Venezuela Now?”
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Venezuelan Debt Crisis Intensifies as Its Leaders Ponder Responses
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Restructuring Certain Debt of the Republic of Venezuela and PDVSA on the Same Terms
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Germany:

Avoiding the Abyss: How to Buy Distressed Assets in Germany
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MENA:

Ritz-Carlton detainees were pressured to give assets to Saudis; BigLaw firm said to aid 1 transfer
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The End Of The Saudi Arabian Billionaire
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Americans Remain Staunchly in Israel’s Corner
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Hong Kong:

Noble Group signs binding agreement for financial restructuring Noble Group restructures debt and opens new trade finance facility Noble Group seeks to sweeten disputed debt deal after backlash
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South Korea:

Watchdog chief sides with Kumho Tire creditors ' sales plan
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