March 27, 2018

The Daily Bankruptcy News

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Law:

Katten Pulls in Leading Restructuring Attorney Steven Reisman to Head its New York Insolvency and Restructuring Group 'Drake's Favorite Lawyer' and 4 More Move to Katten Muchin
(DBN)

Big Law Lateral Frenzy Continues in Los Angeles
(DBN)

Students file lawsuit in response to Savannah Law School closure
(DBN)

RIP, Law Schools. A Look at Closed Campuses
(DBN)

The Youngest Partner Ever At This Prestigious Biglaw Firm
(DBN)

Clifford Chance becomes first magic circle firm to include partners in gender pay reporting
(DBN)

Who Gets Credit for Munger's About-Face on Arbitration? Summer Associate Arbitration Clauses: Why Disclosure Isn't Enough Biglaw Firm Tries To Force Summer Associates To Arbitrate Harassment Claims
(DBN)

Lawyers adopt a more entrepreneurial approach
(DBN)

How Law Firms Are Adapting To #MeToo Era
(DBN)

ABA women’s commission updates manual about preventing and addressing harassment
(DBN)

#MyPathToLaw: One Immigrant's Journey
(DBN)

What Happens When You Never Should’ve Been Admitted To Law School In The First Place?
(DBN)

Learn to deal with—and not hide—excessive worry
(DBN)

Business Intelligence Finally Knocking at the Legal Department Door
(DBN)

Reed Smith Partner Leaves Firm Amid Sanctions, Email Row
(DBN)

Pinsents restates pay gap data and calls for firms to agree to more transparency on partner earnings
(DBN)

How to quickly remind clients what case you’re talking about
(DBN)

‘Disrespectful’ Lawyer Needs Ethics Refresher, Fed. Court Says
(DBN)

7 Marathons, 7 Continents, 7 Days: Lawyer goes to extreme lengths for a good cause
(DBN)

Lawyers have an ethical duty to safeguard confidential information on the cloud
(DBN)

Law Students: It Is Time To Get Your LinkedIn Life Right
(DBN)

There Are A Whole Lot Of Terrible Law Firm Websites
(DBN)

How To Write For Pleasure Again
(DBN)

That Moment When A Biglaw Litigator Is Offered His Dream Job
(DBN)

Inspired by Netflix, Fastcase is creating its own content
(DBN)

Why lawyers don't want to represent Trump It's getting tougher for Trump to find new lawyers to defend him in the Russia investigation Two more lawyers declined offers to join Trump legal team White-Collar Pros Weigh Risks, 'Stigma' of Joining Trump Team A Running List Of Lawyers And Law Firms Who Have Refused To Represent The President Of The United States
(DBN)

Nunes Didn't Probe Large Number of Leads What the Starr investigations tells us about Mueller's probe
(DBN)

White House counsel's office probing loans to Kushner business Investigation of $500M Loan to Kushner Cos
(DBN)

The executive branch pushes the boundaries of the separation of powers
(DBN)

The Stormy Daniels 'hush money' payment could have been illegal — and Mueller could use it in his investigation Stormy Daniels sues Trump lawyer Michael Cohen for defamation 'That's a beautiful little girl — it'd be a shame if something happened to her mom': Stormy Daniels says she and her infant were threatened in a parking lot to 'leave Trump alone' Trump lawyer tells Stormy to 'cease and desist' after '60 Minutes' interview Do voters care? Ask Bill Clinton White House: Trump denies Stormy Daniels' claims Stormy Daniels sues Trump lawyer Michael Cohen for defamation Trump's Legal Threats Backfire Michael Cohen’s Cease And Desist Letter To Stormy Daniels Is Exactly The Kind Of Stupid, Bullying Tactic She Accuses Him Of
(DBN)

Doctors are slamming Rick Santorum for saying kids should take CPR classes instead of pushing for gun control Democrat, Republican voters agree on gun control's role in 2018 election Justice Department proposes rule that would effectively ban bump stocks America’s Unending Tragedy Citigroup acted. Now, here are two new ideas on how banks can limit gun sales A Grandpa's-Eye View of the March for Our Lives Women Don’t Do Mass Shootings, It’s Mostly Young White Men
(DBN)

Wider misconduct probe at Bank of America
(DBN)

Work email ban after hours in New York City may become law
(DBN)

Linda Brown, of Brown v. Board of Education, has passed away
(DBN)

U.S. Army veteran deported to Mexico
(DBN)

Police Muted Bodycams After Killing Kid
(DBN)

Pastor who starved toddler to exorcise demon gets 99 years
(DBN)

Woman Marries Giant Tree in Attempt to Save It
(DBN)

FBI Investigating Suspicious Packages
(DBN)

Not rude, just French: fired waiter claims discrimination
(DBN)

Pulse Nightclub shooter's father was an FBI informant
(DBN)

Parents Charged With Abusing Child Who Refused Marriage Couple Arrested in Texas For Allegedly Pouring Hot Oil On 16-Year-Old Daughter For Refusing Arranged Marriage
(DBN)

Courts are awarding significant damages to families whose dogs are killed by police
(DBN)

Justice Department rescinds guidance on excessive court fines and fees
(DBN)

Rampage Over Nixed McDonald's Burger Order
(DBN)

Lawyer who was apparently intoxicated at discipline hearing agrees to disbarment
(DBN)

ATL March Madness: Revealing The Elite 8
(DBN)

Senior lawyer who faced jail over claim she illegally helped her boyfriend dodge a speeding ticket is cleared after two-year court ordeal
(DBN)

Lawyer who hired embezzling felon is disbarred after failing to notice theft of nearly $5M
(DBN)

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Judges:

Felony Road Rage Case Against Texas Judge Ends in Acquittal on One Count, Mistrial on Second
(DBN)

Legislating a Judge's Order Away
(DBN)

ABA president denounces judicial impeachment threat, points to Law Day theme
(DBN)

AT&T Judge Rips Lawyers After Key Witness Sees Transcripts
(DBN)

Judge asked pupil what her ‘favorite s-- position’ was
(DBN)

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Wall Street:

Dow poised to rise more than 100 points, building on big rally
(DBN)

Dow Jones soars to 3rd-biggest point gain ever U.S. Stocks Jump in Best Day Since 2016
(DBN)

General Electric shares drop to lowest level since July 2009
(DBN)

Wall Street bonuses jump 17% to precrisis levels Wall Street’s average bonus in 2017? Three times what most U.S. households made all year.
(DBN)

The Dow may already be in a bear market — here’s how long it could last
(DBN)

Dow’s 670-point surge belies fact that stock market is on the brink of an absolute breakdown
(DBN)

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Layoffs:

Whole Foods lays off marketing staff as Amazon centralizes ops
(DBN)

Gazette-Mail employees may learn soon if employment will continue Most Gazette-Mail employees are retained under new owners
(DBN)

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Politics:

Trump orders expulsion of 60 Russian diplomats after poisoning of Russian ex-spy in Britain 14 EU countries punish Russia for nerve agent attack in U.K.
(DBN)

Trump's approval rating just hit its highest point in almost a year despite multiple scandals
(DBN)

Wall Street Goody Jar Fills Up in Trump Era
(DBN)

Cater: Bolton is Trump's Worst Decision Yet Defense Secretary James Mattis faces one of his biggest challenges yet: John Bolton John Bolton Is Misunderstood
(DBN)

Guns and Stormy bring new angst to GOP in suburbs
(DBN)

Hagar: Rumor is that Paul Ryan may resign as U.S. House speaker
(DBN)

Clown for Congress aims to unseat GOP Rep in South Carolina
(DBN)

SCOTUS Case Could Transform Politics
(DBN)

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Tech:

Facebook stock plunges 5% after FTC confirms it's investigating the company's privacy practices in wake of Cambridge Analytica scandal Illinois' Cook County sues Facebook and Cambridge Analytica Facebook Lost $70 Billion in 10 Days
(DBN)

Zuckerberg to Facebook Users: Jag Off, You Agreed to All of This
(DBN)

Mark Zuckerberg Asks For Forgiveness With A Full-Page Newspaper Ad Second Senate panel asks Mark Zuckerberg to testify
(DBN)

Cambridge Analytica accused of violating US election law in new complaints Cambridge Analytica may have broken the law in 2014 by placing foreign nationals on US congressional campaigns Ex-Cambridge Analytica Worker Testifies About Data Scandal Illinois’ most populous county files new suit over Cambridge Analytica’s use of Facebook data
(DBN)

Wild West of digital marketing finally gets reined in
(DBN)

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Newspapers:

Alden Global Capital's Business Model Destroys Newspapers for Little Gain
(DBN)

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Economy:

Where did the middle disappear to?
(DBN)

The Fed May Have Jumped the Gun on Full Employment
(DBN)

Fed's GDPNow: Latest forecast: 1.8 percent — March 23, 2018
(DBN)

Sen. Warren says New York Fed pick should testify before Senate ahead of appointment
(DBN)

China Asks U.S. to Offset Trade Loss Due to Metal Tariffs These Trade Jabs Don't Mean War. Yet. 3 numbers show that a trade war is less likely Don’t rule out EU-US trade renegotiations after Trump’s tariff ‘threats’ A trade war will hurt those Trump says he's fighting for, says Nobel-winning economist ABB CEO says companies 'need certainty' to make decisions, amid trade tensions Open trade is ultimately in 'everyone's best interest,' Johnson & Johnson CEO says Fed's Mester says tariffs add 'uncertainty' to strong growth picture
(DBN)

The cost of owing : How rising interest rates can affect the federal government's debt payments
(DBN)

Trump trade czar Navarro: 'We might get a really good deal on NAFTA'
(DBN)

Dallas Fed: "Texas Manufacturing Expansion Continues but at a Slower Pace"
(DBN)

Chicago Fed "Index points to a pickup in economic growth in February"
(DBN)

How ‘America First’ is a bad deal for everyone
(DBN)

Fed's Dudley pushes to change pay structure for bank execs and wants them held liable for scandals
(DBN)

Goldman: Corporate profitability to jump to highest level in 11 years because of tax cut
(DBN)

Why President Trump Says His Budget Is Terrible
(DBN)

Aetna CEO: Warren Buffett's 'tapeworm' analogy fits — health-care costs squeeze the economy for trillions
(DBN)

Robert Shiller: An economic crisis looms amid the chaos brought by Trump
(DBN)

People in poverty are struggling to finish college
(DBN)

Vehicle Sales Forecast: Sales Under 17 Million SAAR in March
(DBN)

2020 U.S. Census will ask about citizenship, Commerce Dept. says
(DBN)

Why Pay in Idaho Is Rising at the Fastest Rate in the Nation
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Florida Passes Bill to Stop Bankruptcy Debtors From “Having Their Cake and Eating It Too”
(DBN)

National Mortgage Delinquency Rate Decreased Slightly in February
(DBN)

The American dream has been indefinitely deferred
(DBN)

Study Says: Home Sales to Remain Flat
(DBN)

Manhattan real estate values are plummeting because of 'straight-up overpricing'
(DBN)

Lehman RMBS Settlement Likely to Spur Additional Claims
(DBN)

CFPB releases FAQs on bankruptcy issues under the 2016 Mortgage Servicing Final Rule
(DBN)

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Municipalities:

Puerto Rico Bondholders Finally See a Big Win
(DBN)

Puerto Rico Forecasts $6 Billion Surplus as Bonds Soar Puerto Rico Bonds Soar as Island Forecasts Swifter Recovery
(DBN)

Puerto Rico's best shot at economic recovery
(DBN)

How Trump favored Texas over Puerto Rico
(DBN)

Hartford pushes deal for Connecticut to pay city's debt Hartford approves deal for Connecticut to pay city's debt
(DBN)

Connecticut’s Net Tax-Supported Debt per Capita Highest of Any State
(DBN)

With few options, towns take loans, sell property
(DBN)

With State Help, Pittsburgh Got Its Finances Under Control
(DBN)

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Oil/Gas:

Shell sketches future with drastically fewer fossil fuels
(DBN)

PES bankruptcy plan approved by court
(DBN)

Steel tariffs to squeeze oil service, producer margins in West Texas, investors say
(DBN)

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Retailing:

'I'm not sure Kmart on its own could ever be a great retailer': Sears CEO makes a stunning admission about Kmart's viability in rare interview
(DBN)

Toys 'R' Us Might Raise Money on GoFundMe
(DBN)

Toys ‘R’ Us Layoff Warnings Showcase Trend for Store Closures
(DBN)

These 25 companies are revolutionizing retail
(DBN)

Cities Struggle to Collect Taxes from Amazon The high court weighs whether internet retailers must collect state sales taxes
(DBN)

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Personal Finance:

Here's how much money you should save at every age so you aren't working forever
(DBN)

Here are the ages you financially peak at everything throughout life — from salary to net worth
(DBN)

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Taxis:

Why Uber Is Just Another Taxi Company Doomed to Bankruptcy
(DBN)

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Fraud:

Rick Siskey's widow hasn't reached a settlement in Ponzi case. What comes next?
(DBN)

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Coal:

Judge: Less Mining Must Be Studied for No. 1 US Coal Region
(DBN)

Arch Coal Is Back After Exiting Bankruptcy In 2016
(DBN)

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Electricity:

In a FirstEnergy Bankruptcy, Old Plants Would Close or Go on the Auction Block
(DBN)

GenOn Selling More Assets in Restructuring
(DBN)

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Awards:

Vance Elected General Counsel of the American College of Bankruptcy
(DBN)

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Banking:

Report: 'Dysfunctional' Deutsche Bank is preparing to oust CEO John Cryan Deutsche Bank reportedly seeks to replace CEO with Goldman executive
(DBN)

Bank of America 'systematically' misled clients about stock trades
(DBN)

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Student Debt:

Financial Aid Funding Cryptocurrency Investments
(DBN)

First-come, first-served: Trump will let some student loan borrowers erase their debt
(DBN)

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Maritime:

Newbuilding Orders and Prices at Korean Shipyards Are Up, but Too Late Perhaps for Sungdong
(DBN)

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Mass Torts:

Asbestos Filings Fell in 2017, Report Says
(DBN)

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Autos:

Hedge Funder John Thompson : Tesla is 'on the verge of bankruptcy'
(DBN)

Uber Disabled Self Driving Car's Safety System
(DBN)

1st man sentenced in Erie dealership fraud case
(DBN)

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Turnarounds:

Dura-Bond rescues businesses going down the tubes
(DBN)

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Healthcare:

Group Of Nursing Homes In MA and CT File Ch. 11 - First Day Dec
(DBN)

Statistics on medical bankruptcies don't tell the full story
(DBN)

Why Are So Many Women Dying From Pregnancy in D.C.?
(DBN)

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Finance:

Study findings show if borrowers wait a few years after bankruptcy to apply for new loans, they can receive rates similar to what other borrowers are offered
(DBN)

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Aviation:

Air Zimbabwe nears collapse
(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 (52 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (39 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)

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)

The truth about medical bankruptcies
(DBN)

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Personal Bankruptcy:

New Median Income Standards Effective April 1, 2018
(DBN)

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Cross-Border:

Hedge Fund Suspected Of Fraud Secures Ch. 15 Protection
(DBN)

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Arbitration:

Second Circuit, on Truncated Record, Holds Dispute Implicating Core Bankruptcy Proceeding Non-Arbitrable
(DBN)

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TBTF:

Supreme Court Refuses to Hear Greenberg Appeal Over AIG Bailout
(DBN)

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Avoidance Actions:

Fraudulent Transfer Avoidance Recovery Not Limited to Total Amount of Creditor Claims
(DBN)

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Entertainment:

Notes on The Weinstein Company Bankruptcy's First-Day Hearing: Complexity
(DBN)

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Corporate Reform:

Fed’s Dudley suggests bank execs should be on hook for regulatory fines
(DBN)

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Tax:

Tax planners look for loopholes amid uncertainty over new law
(DBN)

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Currency:

Bitcoin falls 7 percent to below $8,000 after Twitter's ban on cryptocurrency ads
(DBN)

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Guns:

US banks provide rescue financing for gunmaker Remington
(DBN)

Remington Opens Del. Ch. 11 With $1B Debt Rework Plan
(DBN)

Gun companies fall after global march, Remington bankruptcy
(DBN)

New Delaware Chapter 11 Filing – Remington Outdoor Company, Inc. Filing Alert: #Remington Files Chapter 11 in Delaware Summary: Remington Outdoor Company
(DBN)

As Sandy Hook Families Await Supreme Court Ruling, Remington Files for Bankruptcy
(DBN)

Why Did One of America's Oldest Gun Manufacturers File for Bankruptcy?
(DBN)

How Remington became an icon among American gunmakers
(DBN)

Remington Outdoor Company Proposes Comprehensive Prepackaged Financial Restructuring Plan
(DBN)

Alabama city supporting gun maker amid bankruptcy filing
(DBN)

What the Remington bankruptcy filing really means
(DBN)

Remington bankruptcy is latest hit for Cerberus Capital
(DBN)

Remington Declares Chapter 11 Amid 'Trump Slump' In Gun Sales Pro-gun Trump helps kills off frontier arms maker Remington
(DBN)

Gun Stocks Drop While Wall Street Rallies
(DBN)

Remington’s bankruptcy is just the start: Why gun companies are struggling in the United States
(DBN)

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Food/Beverage:

Winn - Dixie operator Southeastern Grocers files for bankruptcy Southeastern Grocers Commences Previously Announced Restructuring with 100% Support Disclosure Statement Plan First Day Dec
(DBN)

Small grocery chains left to struggle amid giants
(DBN)

Defunct Oregon beef processor expects to cover debts
(DBN)

Why Uber Eats Will Eat You Into Bankruptcy
(DBN)

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Hotels:

Battle over disposition of Marriott Pere Marquette moves to bankruptcy court
(DBN)

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Celebs:

Tori Spelling Puts Kids To Work Amid Financial Woes
(DBN)

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Sovereigns:

Debt defaults in a post-Paris Club world
(DBN)

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UK:

From Across the Pond: The BHS Saga Continues – Can a Company Voluntary Arrangement (CVA) Ever Permanently Vary the Terms of a Lease?
(DBN)

Businesses face unlimited fines over gender pay gap
(DBN)

Brexit in the Boardroom: The View From Business
(DBN)

Overdrawn-on-sea: The towns where twice as many people are going broke
(DBN)

H&M's first-quarter profit plunges as it warns of more price cuts ahead
(DBN)

BofA Pays U.K. Female Staff 28.7% Less Than Male Employees
(DBN)

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PIIGS:

Greek ex-minister Yanis Varoufakis launches political party Greece's Varoufakis promises to end debt bondage with new party
(DBN)

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India:

Debt-ridden man kills wife and 3 children, tries to commit suicide
(DBN)

JSW was denied Essar Steel bid as ‘they do not want to give a new entrant a chance’ ArcelorMittal moves NCLT over rejection of bid for Essar Steel Battle for India's Essar Steel moves into courtroom Bidders Disagree On Essar Steel Re-Bid
(DBN)

India's Tata Steel clears hurdle for Bhushan Steel buyout
(DBN)

NCLT Suggests Out-Of-Court Settlement Between Binani Cement And Creditors
(DBN)

IBC committee plans easing insolvency norms for MSME promoters, treating home buyers as creditors
(DBN)

Lone Dissenter Right to Sound a Warning on India Banks
(DBN)

Analyzing the code
(DBN)

Aircel shutdown leaves 5000 employees in lurch over salary dues
(DBN)

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Hong Kong:

Noble outlines three possible routes ahead
(DBN)

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Australia:

Senate Committee endorses reduction from three years to a one year bankruptcy period
(DBN)

Is a non-circulating security interest really non-circulating? Lessons from Re Amerind
(DBN)

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South Korea:

GM Korea threatens bankruptcy unless revival plan gets support
(DBN)

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China:

China is embarking on 'the biggest economic experiment in modern history'
(DBN)

China's Big Banks Stage Profit Comeback as Bad Loans Recede
(DBN)

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France:

Murder of elderly woman in Paris probed as anti-Semitic
(DBN)

Is It Time for the Jews to Leave Europe?
(DBN)

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MENA:

R----- ‘let off’ after deal ‘allowing victim’s brother to r--- his sister
(DBN)

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Mozambique:

Creditors Did Not Reject Debt Proposals, Claims Maleiane
(DBN)

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