March 30, 2018

The Daily Bankruptcy News

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Law:

Recession-related bankruptcies are coming to a close, forcing law firm restructuring groups to find new ways to stay active
(DBN)

Did A Biglaw Partner Get Forced Out For Slapping An Associate When She Rejected His Advances?
(DBN)

Lawyer is sanctioned $50K for alleged ‘inappropriate diatribes’ and ‘unhinged attack’ on expert
(DBN)

The partner problem means law firm gender pay gap stats are pretty useless
(DBN)

Former Skadden associate argues repercussions are sentence enough for lying in special counsel probe
(DBN)

New York Bankruptcy Attorney Admits Embezzling Funds
(DBN)

Skadden Cites #MeToo In Nixing Forced Arbitration
(DBN)

McDermott Expands With Dozens of DLA Attorneys, San Francisco Office
(DBN)

Billing client in minimum 15-minute increments wasn’t abusive, court says
(DBN)

When You’re Legally Right, But Politically Wrong
(DBN)

Bar Pass Rate Bonanza: The 'Ultimate' Law School Rankings States With The Best — And Worst — Bar Passage Rates
(DBN)

Despite closing plans, Savannah Law School will allow students to complete education in same city
(DBN)

DC Law Schools See Students Increasingly Attracted to Big Law Jobs
(DBN)

At Elite Law Reviews, Diversity Efforts May Be Paying Off
(DBN)

Howard 3L Allegedly Earns $430,000 In Last Year… Though The Legal Term Would Be ‘Embezzled’
(DBN)

5 Easy Ways To Market From Your Desk
(DBN)

The First African-American Woman Lawyer Faced A Lot Of Obstacles
(DBN)

Judge Essentially Tells Michael Avenatti To Chill Out, Will Not Expedite Trump/Stormy Discovery Judge Denies Stormy Daniels’s Request to Depose President Trump Stormy Daniels' lawyer: The case against President Trump 'grows stronger' Why Stormy Daniels is so dangerous Beware The “Lawyer Acquaintance”: How Fifty-Six Words May Have Just Sunk Trump and Cohen In The Daniels Litigation
(DBN)

Mueller signals he is going after bigger fish as he drills down on the central thread of the Russia investigation Mueller is reportedly focusing on events from the 2016 Republican National Convention The many paths from Trump to Russia The Shadowy Operative at the Center of the Russia Scandal
(DBN)

Andrew McCabe has a GoFundMe page to raise money for his legal defense — and it's already raised far more than it asked for
(DBN)

Attorney General Jeff Sessions names prosecutor to investigate FBI allegations, could still appoint second special counsel Jeff Sessions Is Winning for Donald Trump. If Only He Can Keep His Job
(DBN)

Trump's Statements Yet Again Focused On, This Time Propelling DACA Suit Forward
(DBN)

Laura Ingraham apologizes to Parkland shooting survivor as more advertisers pull commercials from her Fox News show — here's how other companies are responding NRA donors respond to imminent threat, but long-term finances are shaky Connecticut High School Student Posts Picture Of Airsoft Gun That He Received As Birthday Present . . . Police Promptly Arrest Him and School Suspends Him Roseanne Barr is under fire for appearing to promote a conspiracy theory about a Parkland student activist
(DBN)

'It contains things I have never seen in 30 years' - employment partners question Allen & Overy's Weinstein NDA
(DBN)

Utah is said to be the first state to legalize ‘free-range parenting’ Parents, You Can Stop Helicoptering
(DBN)

9/11 Victims' Terrorism MDL Against Saudi Arabia Trimmed
(DBN)

Woman Says She Unwittingly Rented Home To A P--- Company And You’ll Completely Believe What Happened Next
(DBN)

Jared Fogle Appealed to Trump for Release?
(DBN)

Judge says coffee must come with a cancer warning in California
(DBN)

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Judges:

BK NJ Closed
(DBN)

Lawyer who told judge she is ‘disrespectful to the people’ is released from jail
(DBN)

Judicial independence—an essential American value
(DBN)

Court Grills Attorneys For Suing Chipotle
(DBN)

Atlanta has shut down courts and people there can't pay their bills online because of a crippling cyberattack the mayor has called 'a hostage situation'
(DBN)

Judge Stephen Reinhardt, known as the 'liberal lion,' dies at 87
(DBN)

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Wall Street:

U.S. stocks rally to close out wild week
(DBN)

Wall Street’s surging ‘fear index’
(DBN)

Which markets are closed on Good Friday?
(DBN)

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Non-Profits:

Rebounding from bankruptcy, the High Tech Foundation takes aim at growing knowledge sector
(DBN)

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Auto Racing:

Trustee To Lead BK Racing Amid NASCAR Team's Bankruptcy Bankrupt NASCAR team BK Racing to be operated by a trustee
(DBN)

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Radio:

New radio station owner driven by deep hate for iHeartRadio
(DBN)

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Pensions:

Trouble in candy land
(DBN)

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Nuclear:

Three struggling nuclear plants need 'emergency' rescue from Rick Perry, company pleads
(DBN)

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Education:

Nassar Scandal Pulls Michigan State Debt Outlook to Negative
(DBN)

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Entertainment:

Entertainment Restructurings: iHeartMedia, Cumulus Media and The Weinstein Company
(DBN)

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Economy:

US recession is coming, says Societe Generale's Albert Edwards
(DBN)

A key recession signal is back at levels last seen during the financial crisis
(DBN)

U.S. Jobless Claims Decline to Lowest Level Since January 1973
(DBN)

Consumer sentiment in March hits highest level since 2004
(DBN)

The Terrific (But Not Quite as Good as It Looks) First Quarter
(DBN)

US consumer spending climbed modestly in February as savings rose to a 6-month high
(DBN)

GOP to Push for More Tax Cuts and Balanced Budget Amendment
(DBN)

Corporate tax reform is the key to growth, writes Martin Feldstein
(DBN)

How expensive it is to have kids today, summed up in five charts
(DBN)

The Mounting Infrastructure Crisis Trump Plan to Cut Red Tape for Infrastructure
(DBN)

Global mergers and acquisitions reached a record high in the first quarter
(DBN)

Almost half of California 2014 income taxes paid by top 1 percent
(DBN)

How The World Has Changed Since 2008 Financial Crisis
(DBN)

Now the US Wants Back in the TPP
(DBN)

Beware of Economists Crying 'Entitlement Explosion'
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Barclays Settles Subprime Mortgage Suit for $2B
(DBN)

Here we go again: US subprime mortgage bonds are back in fashion
(DBN)

Foreclosure law firm is accused of overbilling Fannie Mae through affiliates’ ‘exponential markups’
(DBN)

Rent is rising more slowly, easing strain on Americans
(DBN)

Office Vacancy Rate Since 1980
(DBN)

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Municipalities:

GOP Congressman Lays Into PR Oversight Board, Encourages Transparency, Consensus Puerto Rico Board Scolded by Lawmaker, Defied by Governor Puerto Rico board must bring creditors to table: US lawmaker U.S. House leader lambasts Puerto Rico Oversight Board
(DBN)

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Oil/Gas:

The Struggle Continues For Bankrupt Shale Drillers
(DBN)

Shale Breakevens Rise Amid Production Surge
(DBN)

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Politics:

Trump Attacks Amazon Again
(DBN)

Russia Expels 60 US Diplomats The U.S. and Russia Are Caught in a Downward Spiral Russian Ambassador Can't Get DC Meeting
(DBN)

Ex-VA Chief Takes on Administration
(DBN)

Jared Kushner 'admitted Donald Trump lies to his base because he thinks they're stupid'
(DBN)

'I'll win': Trump reportedly told Putin he would beat him in a nuclear arms race
(DBN)

Veterans groups are worried about Trump's new pick to run the VA The Doctor Who Suddenly Got Nine Million Patients Trump's VA Pick Blindsides Staff
(DBN)

Scott Walker calls special election after failed efforts to defy court order
(DBN)

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Autos:

Tesla issues its largest recall to date, affecting 123,000 Model S vehicles Tesla stock falls even farther after recall of 123,000 Model S cars Tesla bonds join Tesla stock in the doldrums Tesla is losing money while everyone else is making it — and the future looks ominous
(DBN)

General Motors Says Bankruptcy Approaching For South Korean Business
(DBN)

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Retailing:

Crayola, owed $2.3 million, alleges Toys R Us knew it was insolvent
(DBN)

Former Walmart US CEO says Congress should consider splitting up Amazon
(DBN)

Trump is going after Amazon for the wrong issue: It's China, not taxes Amazon's pain is other retailers' gain Trump’s Complaints About Amazon Have a Historical Precedent Amazon, despite Trump tweet, buoys Postal Service Amazon is responsible for a huge chunk of the Trump rally
(DBN)

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Fraud:

Howard University employees fired following investigation into stolen financial aid
(DBN)

Megachurch Pastor Indicted on Fraud
(DBN)

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Media:

ProPublica's 'Too Broke for Bankruptcy ' Wins ASNE Award
(DBN)

“This Is Censorship”: W.S.J. Editor Tamps Down on This “Income Inequality” Nonsense
(DBN)

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Student Debt:

The underutilized student loan bankruptcy discharge
(DBN)

How Taco Bell is helping employees avoid student debt
(DBN)

Massachusetts education financing group ends membership in national association over student loan debate
(DBN)

Sen. Brian Schatz The student debt crisis threatens the American way of life. Washington can't keep ignoring it
(DBN)

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New Bankruptcy Opinions
(11 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Chapter 7, 12 & 13 Private Trustee Locator
(DBN)

Recent Ch. 11 Filings (18 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (20 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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Exemptions:

Court Holds That Debtor-Indemnitor Cannot Claim Exemption in Inherited IRA
(DBN)

Arizona senators advance bill to protect up to $2,000 worth of guns in bankruptcy cases
(DBN)

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Safe Harbors:

Lehman Brothers case protects ipso facto clauses in swap agreements against potential clawbacks from debtors post-bankruptcy
(DBN)

Footnote 5 in Supreme Court’s Merit Management Opinion: “Settlement Payment” Under a “Securities Contract”
(DBN)

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Sanctions:

Court Orders Sanctions for Non-payment of Accountants
(DBN)

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Committees:

Delaware District Court Dismisses Appeal by Creditors’ Committee After Case is Converted from Chapter 11 to Chapter 7
(DBN)

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Electricity:

Energy company's bankruptcy generating Enron-sized legal fees
(DBN)

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Healthcare:

Independence Blue Cross stakes $10.4M claim in NPHS bankruptcy
(DBN)

Walmart reportedly discussing possible acquisition of Humana
(DBN)

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Personal Finance:

It's just dumb to put more than $250,000 in one bank account if you're rich
(DBN)

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Currency:

Bitcoin falls below $7,000, now down more than 25% for the week
(DBN)

Korean Insurer Denies Claim from Bankrupt Cryptocurrency Exchange
(DBN)

College students are secretly mining bitcoin in their dorms
(DBN)

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Biofuels:

Trump Urged to Leave Biofuels to Congress
(DBN)

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Weather:

Drought expands across Southwestern US
(DBN)

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Amusement Parks:

Schlitterbahn owner faces Texas bankruptcy
(DBN)

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Guns:

Remington Was Turned Down by 30 Lenders After School Shooting
(DBN)

Remington's Bankruptcy Leaves Questions, Uncertainty In Rockingham County
(DBN)

Remington's bankruptcy is about more than just declining sales
(DBN)

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Hotels:

Camden Harbour Inn owner files bankruptcy Owners of Camden Harbour Inn, Danforth Inn file for bankruptcy
(DBN)

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UK:

Is the UK insolvency regime equipped for the current political and economic climate?
(DBN)

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PIIGS:

Italy's Monte dei Paschi gears up for London roadshow amid investor nerves - sources
(DBN)

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Canada:

Unable to Pay Its Mounting Debts, the Montreal Biennial Has Filed for Bankruptcy
(DBN)

Construction Subcontractors to Gain New Protections in Insolvencies
(DBN)

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India:

Evolution of the Corporate Insolvency Resolution Regime in India
(DBN)

15 Months Of The Insolvency Code: Learnings For Lenders
(DBN)

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France:

The Meaning of France's March Against Anti-Semitism
(DBN)

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Russia:

Russian Credit Bank demands $67.8 million from VIM Airlines
(DBN)

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China:

Orwellian Debt Collection in China
(DBN)

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