March 29, 2018

The Daily Bankruptcy News

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Law:

‘Are We There Yet?’ Navigating The Legal Profession’s ‘New Normal’
(DBN)

Ex-Skadden Associate Charged in Mueller's Russia Probe Seeks Nonjail Sentence
(DBN)

In-House Counsel Want 'Appropriate Fee Arrangements,' Data Can Help Them Get There
(DBN)

Law Firm Innovation? We’re Not Seeing It, Says Survey of Corporate Counsel
(DBN)

Ex-Kirkland Partner Robert Khuzami Banked $11M Partnership Share
(DBN)

Are Hourly Rate Matters 'Unfinished Business' Following Law Firm Dissolution?
(DBN)

Quinn Emanuel Partner Suffers From Depression and He Wants Everyone to Know
(DBN)

Move Over Moms, Male Lawyers Are Using Flextime Too
(DBN)

Magic Circle partner sacked for slapping associate
(DBN)

Epiq Subsidiary AACER Brings Automation To Bankruptcy Law
(DBN)

Non-Equity Partners: Stuck In The Middle With You
(DBN)

Cover Letter Basics That You Should Probably Know By Now — But Somehow Don’t
(DBN)

Law Students and Alums Seek to 'Save Savannah' From Closing
(DBN)

Ex-Jones Day Partner Reunites With Mom at Mayer Brown
(DBN)

Bar Pass Rates: Compare the States
(DBN)

‘When I interviewed for Slaughter and May I was living as a man called Matthew, by the time I started I was a woman called Clare’
(DBN)

Ex-Trump lawyer Dowd reportedly spoke about possible pardons for Manafort and Flynn Pardon Talk Could Put Trump Lawyer in Hot Water Trump’s Power to Pardon Flynn and Manafort is More or Less Absolute Trump's lawyer reportedly floated pardons for Flynn and Manafort at the height of the Russia probe Special counsel Mueller links former Trump campaign aide Rick Gates to Russian spy John Dowd Calls Mueller 'Terrific' After Passing Trump Baton Amid pressure from Sessions and Republicans, the DOJ's internal watchdog opens investigation into surveillance of Trump aide DOJ watchdog to investigate FBI's handling of FISA warrants
(DBN)

Michael Cohen's lawyer made a bombshell admission about the $130,000 'hush agreement' with Stormy Daniels Stormy Daniels’ media-savvy lawyer is Trump’s newest nemesis
(DBN)

President Trump Could Very Well Have to Testify Under Oath, and It's His Lawyer's Fault
(DBN)

Spurned by big law firms, Trump relies on a handful of lesser-known attorneys Trump-Mueller Interview Talks Continue After Lawyers Shuffled
(DBN)

Megyn Kelly: Trump Team Threatened Me Too
(DBN)

FBI Whistleblower Charged with Leaks
(DBN)

What Law Firms Stand To Lose In The #MeToo Era Allen & Overy partner questioned by MPs over regrets and reputational damage of role on Weinstein Orrick follows Munger Tolles in dropping mandatory arbitration agreements: Will more firms follow?
(DBN)

Maryland, DC AGs Clear Initial Hurdle in Trump Emoluments Lawsuit Emoluments suit against Trump clears standing and political question hurdles
(DBN)

Wells Fargo doesn't appear ready to cut off business with gun sellers A Fox News host mocked a Parkland school shooting survivor — now he's going after her advertisers Students rally against gun violence in Paul Ryan's home town
(DBN)

Why Louisiana’s attorney general declined to prosecute police in fatal shooting of Alton Sterling
(DBN)

Judge: Saudi Arabia Has to Face 9/11 Lawsuits
(DBN)

WH: Cops Killing Blacks a Local Matter
(DBN)

Woman Allegedly Called in School Bomb Threat to ‘Test Police’
(DBN)

Awkward! Allen & Overy partner stumbles in face of grilling by MPs over non-disclosure agreements
(DBN)

Woman sentenced to five years in prison for illegally voting in 2016
(DBN)

Lawyer accused of shooting at another attorney’s office now faces meth lab charges
(DBN)

Jury is shown the enormous gun arsenal of Atlanta lawyer who 'accidentally' shot his wife dead from the back seat of a car as they hear how he used $4million he inherited from her to settle his debts
(DBN)

Self-Driving Car Pulled Over, Ticketed
(DBN)

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Judges:

Judge Benchslaps Associates Who Were Only Following Orders
(DBN)

Embattled NJ Judge Cited For Questioning Sex Assault Victim
(DBN)

No more selfies please! Judges are told not to post pictures online – to keep their ‘dignity’
(DBN)

New judicial litmus test, used to select Gorsuch, aims to shrink the ‘administrative state’
(DBN)

Lawyer Suspended for Hiding Client’s Funds in Escrow Account
(DBN)

Justice Gorsuch: As Nasty As Justice Scalia Without The Charm
(DBN)

Solo Practitioner Wins Unanimous Supreme Court Decision Against All Odds
(DBN)

Judge Faces Hearing After Allegedly Asking Victim if She Kept Her Legs Closed
(DBN)

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Wall Street:

US futures point to a positive open; tech stocks in focus
(DBN)

Stocks close lower, led by tech, consumer discretionary losses Nasdaq closes lower for a second day as Amazon, Netflix shares drop
(DBN)

The Dow’s streak of quarterly gains is at risk of ending at nine
(DBN)

Fed mistakes could spark ‘unusually fast’ bear market, ‘lost decade’ for stocks
(DBN)

Goldman’s Lloyd Blankfein: I will have to leave, but I don’t want to go
(DBN)

'Buy the dip' looks dead, as final hour of trading now typically sees selling
(DBN)

Corporate profits expected to be highest in seven years, but that may not help stocks much
(DBN)

Almost 40% of the market value created during the Trump rally is gone
(DBN)

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Layoffs:

Chicopee Schools will likely send out 100 layoff notices
(DBN)

Buffalo Wild Wings to Cut 132 Jobs from Minneapolis HQ
(DBN)

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Education:

Genes and backgrounds matter most to exam results -- The type of school is less important
(DBN)

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Food/Beverage:

Las Vegan buys Elephant Bar Restaurant chain out of bankruptcy
(DBN)

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Politics:

Ethics experts say Jared Kushner's 'very, very bad judgment' got him into hot water once again
(DBN)

SCOTUS hears gerrymandering case against Maryland Democrats How Maryland Democrats pulled off their aggressive gerrymander Justices cast doubt on partisan redistricting GOP Lawyer Accuses Democrats of ‘Rigging an Election’ in SCOTUS Gerrymander Case If an “extreme” gerrymander is invalid, what then?
(DBN)

Senate candidate Joe Arpaio vows to push birtherism if elected
(DBN)

Analyst who left Fox News over its ‘propaganda’ now takes aim at CNN
(DBN)

Tension for the Democrats: Party recruits moderates to run for GOP House seats as the left pushes for more liberals
(DBN)

Trump replaces Veterans Affairs secretary David Shulkin Trump ousts VA secretary and plans to replace him with White House doctor who gave glowing medical report Meet Ronny Jackson, the White House doctor who gave Trump a glowing physical and was just named secretary of Veteran Affairs
(DBN)

How to thrive in Trumpland
(DBN)

‘Roseanne’ Revival’s Huge Debut Stuns Hollywood, Prompts Soul-Searching How Trump Inspired the ‘Roseanne’ Reboot
(DBN)

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Currency:

'I feel like I might have accidentally ruined my life:' Tax season is wrapping up and bitcoin investors are freaking out
(DBN)

Bitcoin is nearing a 'death cross' on the charts. Here’s what it means
(DBN)

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Weather:

EPA issued memo downplaying human role in climate change
(DBN)

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Entertainment:

Weinstein Victims’ Attorney Attends Meeting to Rep Them on Creditors Board Lead Plaintiff in Harvey Weinstein Class Action RICO Lawsuit Named Chair of Key Committee Overseeing Weinstein Co. Bankruptcy Two Harvey Weinstein Accusers, Including His Former Assistant, Among Those Named to Bankruptcy Committee
(DBN)

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Debt Collection:

7th Circuit Holds Verification Requirement is of Debt Collector’s Records, not Creditor’s
(DBN)

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Electricity:

FirstEnergy Solutions to close three nuclear power plants
(DBN)

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Maritime:

Solstad Farstad unit delays payments to creditors
(DBN)

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Economy:

Q4 GDP Revised up to 2.9% Annual Rate U.S. economy grew at a pace very close to Trump’s 3 percent goal at end of last year
(DBN)

Trade war risk is the latest threat to some of Trump’s biggest supporters Trump’s trade war may miss China's plan to own the future Trump doesn’t have to start a trade war to upend the global system Trump’s Tariffs Aren’t the Only Way to Shrink the Trade Gap U.S. tariffs vary a lot, but the highest duties tend to be on imported clothing U.S. Tariffs on China to Target Tech, White House's Navarro Says China warns US not to open Pandora's Box and unleash a trade war on the world US ambassador to China: Beijing hasn't treated American companies fairly China Tariffs May Not Start Until June China could target broad range of US businesses if trade spat worsens: China Daily China says US approach on trade sets bad precedent, may trigger domino effect Trump Tries to Halt China's US Investments
(DBN)

Latest U.S. pitch on NAFTA: Hiking Mexican auto wages
(DBN)

Poll: Most Not Seeing Bigger Pay on Tax Cuts Most Americans haven’t seen pay increases from tax cuts — but most Republicans have
(DBN)

GOP Rep. Kevin Brady on Phase Two of Tax Cuts, IRS, Debt, Tariffs
(DBN)

2019 Tax Bills to Catch Some by Surprise
(DBN)

Tax Cut's Warts Show Up in Short-Term Lending
(DBN)

Republicans consider ‘balanced-budget amendment’ after adding more than $1 trillion to the deficit Republicans Promised to Cut the Deficit. It’s Only Getting Worse
(DBN)

The IRS Is Auditing a Lot Fewer Americans
(DBN)

Americans are flocking to big cities to find good jobs—opportunities that remain disproportionately out of reach for the poorest residents already living there
(DBN)

Percentage of Total Assets Held by the 100 Largest Commercial Banks
(DBN)

America’s Truckers Are Hauling In Higher Pay
(DBN)

Old Anti-Inequality Policies Are Failing
(DBN)

New Numbers Show the Gender Pay Gap Is Real
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Bankruptcy Lease Auctions – Landlords Can Play Too
(DBN)

NAR: Pending Home Sales Index Increased 3.1% in February, Down 4.1% Year-over-year
(DBN)

Zillow Case-Shiller Forecast: More Solid House Price Gains in February
(DBN)

Apartment Vacancy Rate increased in Q1 to 4.7%
(DBN)

Is the REIT bloodbath finally a buying opportunity?
(DBN)

Purchase Mortgage Applications Increase in Latest Weekly Survey
(DBN)

Mini housing bubbles are forming in cities all over the US
(DBN)

California's Housing Prices Need to Come Down
(DBN)

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Municipalities:

House Panel Probes Alleged Puerto Rico Utility Corruption
(DBN)

Puerto Rico GDB amends wind-down deal to help storm-battered towns
(DBN)

Board orders pension cuts, studies Puerto Rico wage increase
(DBN)

Taking stock of Puerto Rico , six months after Hurricane Maria
(DBN)

Assured Guaranty Responds to Puerto Rico’s Latest Revised Fiscal Plans
(DBN)

Puerto Rico oversight board pushes pension cuts, labor austerity
(DBN)

'They intend to dictate public policy': Puerto Rico's governor spars with federal oversight board
(DBN)

Puerto Rico governor withdraws labor reform proposal
(DBN)

Connecticut assumption of Hartford debt pays immediate dividend to city's credit
(DBN)

Chicago Public Schools' huge pension debt just got $1 billion deeper
(DBN)

Why Are States So Strapped for Cash? There Are Two Big Reasons
(DBN)

Any Deeply Indebted City Might Want the Bailout Hartford Got Debt assistance could cost Hartford other state aid
(DBN)

Why Are States So Strapped for Cash? There Are Two Big Reasons
(DBN)

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Oil/Gas:

Chesapeake Energy 'not desperate to sell assets' -CEO
(DBN)

US shale pumping will see oil prices slide back to $50, JP Morgan analyst predicts
(DBN)

Saudis, Russians Set To Tag-Team Oil Markets To Fend Off American Shale
(DBN)

Permian Drillers Prepare For Double-Digit Cost Jump
(DBN)

OPEC could accidentally sink oil prices
(DBN)

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Celebs:

Bankruptcy trustee skeptical of Teutul's claims
(DBN)

From Dance Moms to 8 Months in Prison For Bankruptcy Fraud: Abby Lee Miller's Ups and Downs
(DBN)

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Retailing:

Toys R Us stores set to be bid on by Target, Big Lots and Aldi, among others
(DBN)

Billionaire Ashley Bids for Toys ‘R’ Us U.K. Stores
(DBN)

How Retailers Can Avoid Becoming the Next Toys R Us
(DBN)

Trump wants to go after Amazon Trump is determined to take down Amazon — and it could be terrible news for HQ2 Trump wants to 'go after' Amazon over taxes, but Congress and the Supreme Court could settle the issue for him Trump Obsessed with Breaking Jeff Bezos No specific policies aimed at Amazon on the table, White House says Amazon's stock tumbles into correction territory Amazon Loses $53 Billion in Market Value After Trump Zeroes In
(DBN)

One unlikely retail name is holding up as volatility slams the market
(DBN)

Walgreens on pace to shutter 600 US stores
(DBN)

Creditors' committee for bankrupt Claire's hires Cooley, Province
(DBN)

I’m a Retailer. Should I Ditch My Brick-and-Mortar Stores?
(DBN)

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Tech:

Everything is going wrong simultaneously for the tech juggernauts that have kept the market afloat for years
(DBN)

Not all the Cambridge Analytica data from Facebook was deleted, investigation finds
(DBN)

Apple CEO Tim Cook has some harsh words for Facebook
(DBN)

Three users sue Facebook in class action over call and text history collection
(DBN)

Tech sector forfeits half a trillion dollars in value over 2-week span
(DBN)

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Student Debt:

The best US cities for millennials who have student debt
(DBN)

Middle-Class Borrowers Get Screwed The Most By Student Loans
(DBN)

Congress must act before America falls into a student loan debt crisis
(DBN)

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Surfing:

Bankruptcy court declares Cartel as prevailing party in ownership dispute
(DBN)

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Boating:

Premier Pontoons emerges from Chapter 11
(DBN)

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Currency:

Ethereum hits a new 2018 low as cryptocurrencies dive
(DBN)

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Hotels:

CO: Bankruptcy settlement would mean new owners for Embassy Suites in Loveland
(DBN)

Owners of 2 Maine luxury inns file for bankruptcy
(DBN)

MN: Judge to take Country Inn & Suites sale under review
(DBN)

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Fraud:

Former Math Teacher Pleads Guilty in Ticket-Resale Scam
(DBN)

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Newspapers:

Ex-Charleston Daily Mail owner seeks cut of proceeds from Gazette-Mail sale
(DBN)

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Auto Racing:

BK Racing to be operated by trustee after team owner loses financial control
(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 (34 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (12 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:

LendingTree Study: The Cost of Bankruptcy
(DBN)

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Abandonment:

Abandonment: What Does It Take to Show Substantial Value?
(DBN)

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Avoidance Actions:

Tapping Their Toes to a Longer Tune: Trustees are Stepping into the Shoes of the IRS to Recover Fraudulent Transfers Up to Ten Years After They Were Made
(DBN)

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Autos:

The clock is ticking faster at Tesla
(DBN)

The robots are killing Tesla
(DBN)

Tesla has a problem. Maybe a big problem
(DBN)

Tesla's stock tumble lops over $14.5 billion of its market cap this month Tesla's plunge could be 'self-fulfilling' prophecy for further declines, Morgan Stanley warns Tesla's Plunge Is Not A Buying Opportunity Tesla is on track for its worst month ever — down nearly 25% so far
(DBN)

Tesla Bonds Are in Free Fall Tesla Bonds Plumb New Lows on Moody’s Downgrade Tesla bonds blowout is a warning for risk, credit
(DBN)

Elon Musk Could Let Someone Else Be Tesla CEO And Still Get A More Than $50 Billion Payout
(DBN)

Volkswagen storing 300,000 diesels across US
(DBN)

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Guns:

Remington gets $75 million lifeline A $75 Million Lifeline Means Bankrupt Remington Can Keep Making Guns For Now
(DBN)

Remington Approved For Unique Ch. 11 DIP Funding Plan
(DBN)

Major Gun Maker May Have Declared Bankruptcy to Avoid Real Change
(DBN)

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Personal Finance:

This is exactly how much other people are spending on wedding gifts
(DBN)

These costs are taking a $20,000 bite out of your home’s sales price
(DBN)

This is the one thing you shouldn't do on your first day of work if you don't want to seem like a narcissist
(DBN)

These are the best side hustles
(DBN)

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Healthcare:

Mayo Clinic CEO: Some health-care middlemen create a lot of ‘waste’ in US system
(DBN)

Theranos investors may vie with SEC to scavenge remains
(DBN)

It only feels like we’re paying more for health care
(DBN)

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Non-Profits:

Judge to decide if rules were violated when lawsuit was filed against Trustees of Conneaut Lake Park
(DBN)

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Travel:

New Delaware Small Business Chapter 11 Filing – Destination Properties of America LLC
(DBN)

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Derivatives:

Commercial Court evaluates the mechanism for calculating “close-out amounts” in transactions for derivatives under the 2002 International Swaps and Derivatives Association Master Agreement
(DBN)

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Taxis:

Why Are New York Taxi Drivers Committing Suicide?
(DBN)

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UK:

The Brexit Divide Is Only Getting Worse
(DBN)

The Scottish government believes the Cambridge Analytica scandal could trigger a second Brexit referendum
(DBN)

It’s only a year to go until Brexit — but top UK retailers are frustrated they can’t prepare for it
(DBN)

U.K. economy lags with a year to go to Brexit BlackRock warns of more pain for U.K. stocks
(DBN)

Britain remains the slowest growing major economy on earth
(DBN)

'An ever more widespread frost' is freezing the London property market
(DBN)

2500 jobs in danger as Conviviality announces administration
(DBN)

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PIIGS:

Greece urged to give distressed borrowers “last chance”
(DBN)

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Canada:

Rabobank abused power as banker of bankrupt company: report
(DBN)

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India:

A New Development In The Nirav Modi Entities' Bankruptcy Case
(DBN)

Government Plans To Sell 76% Stake In State-Run Air India Brand ‘Air India’ to be retained as government proposes to sell 76% stake; control only to Indian national New Owners of Air India to Get Planes and $5 Billion of Debt Ex-pilot moves NCLT to initiate insolvency proceedings against AI The descent of Air India
(DBN)

Electrosteel creditors to weigh move by Renaissance
(DBN)

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Germany:

German solar panel maker Solarworld bankrupt , again
(DBN)

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South Korea:

GM Korea chief urges labor union to accept wage freeze GM Korea Ties Wage Freeze to Averting Bankruptcy
(DBN)

GM asks for huge tax breaks to stay in Korea
(DBN)

North and South Korea Agree to Summit
(DBN)

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MENA:

Lebanon not on verge of bankruptcy : BDL head
(DBN)

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Australia:

One Year Bankruptcy - One Step Closer
(DBN)

Oroton creditors back $25m rescue plan
(DBN)

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China:

China’s CEFC Lights Up $3.2B Real Estate Fire Sale as Founder Under Investigation
(DBN)

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Bahamas:

Baha Mar's Lender Needed 'Incentivizing' To Finance Completion
(DBN)

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Mozambique:

No escape for Mozambique as debt troubles mount
(DBN)

Mozambique Potential Sovereign Restructuring
(DBN)

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South Africa:

In a first, South African woman imprisoned for racist slurs
(DBN)

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Zimbabwe:

Air Zimbabwe scandal deepens
(DBN)

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Hong Kong:

Liquidation not only option to Noble's restructuring and management should not get 'free equity', says Goldilocks
(DBN)

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MENA:

Islamic finance body IFSB throws down gauntlet on sukuk
(DBN)

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