March 7, 2018

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Bankrupt Law Firm Clawbacks Take Hit in California
(DBN)

Heller’s Unfinished Business Belongs to Living, Not Dead Law Firm
(DBN)

This startup just got $114 million to help people get ‘a better deal from the justice system’ by finding investors for their lawsuits
(DBN)

King & Spalding Stays in Growth Mode as Partner Profits Top $2.5M
(DBN)

Kirkland Positioning For Future With Parenting Program
(DBN)

Bryan Cave posts falling revenue and partner profits for last full year before BLP merger
(DBN)

Five NY Distressed Debt Lawyers Leave Andrews Kurth for Alston & Bird
(DBN)

Can Stay-at-Home Moms Ever Get Back on Track?
(DBN)

Covington Posts Double-Digit Growth in Revenue, Head Count
(DBN)

Headhunter Case Study: Unemployed Bankruptcy Attorney in Chicago Seeking a New Position
(DBN)

LSAT-Maker Held In Contempt Over Disability Accommodations Council that administers the LSAT is held in contempt; ADA consent decree is extended
(DBN)

18 Cognitive Bias Examples Show Why Mental Mistakes Get Made
(DBN)

An AI 'Spell-Check for Lawyers,' But Will They Trust It?
(DBN)

Can Law Firms Monetize Innovation?
(DBN)

Don’t Blog About Client’s Public Info Without OK, ABA Says
(DBN)

How Long Until Machine Learning Tools Go Mainstream?
(DBN)

Another State Adopts Duty of Technology Competence; Total Now at 29
(DBN)

BigLaw - Marketing Has Become Zero-Sum Game
(DBN)

Senior female law firm marketers paid 20 per cent less than male colleagues
(DBN)

13 things every law student has secretly done
(DBN)

Law Professors Are Paid Less, Work As Hard As Lawyers Do
(DBN)

Mueller's Hit List Mueller has secured sworn testimony from a little-known but pivotal witness in the Russia investigation Special counsel has examined episodes involving Michael Cohen, Trump’s longtime lawyer Trump Lawyer Michael Cohen Received Inside Info From Russia Probe Nunberg episode marks the dawn of Mueller's March madness Sam Nunberg reversed course and decided to cooperate with Mueller after getting on-set legal advice during one of his meltdowns Why Mueller Should Agree Not to Prosecute the President For Interview Lies Cash-Strapped Michael Flynn Reportedly Selling House to Pay Legal Bills Who is the Man Behind the Trump Dossier? State Dept. Was Granted $120 Million to Fight Russian Meddling. It Has Spent $0 Trump says he’ll issue “strong suggestions” on election meddling
(DBN)

A 20-Year-Old Is Now Suing Walmart and Dick's Over Their Age-Based Gun Sale Restrictions People are stockpiling assault-style rifles after the Florida school shooting How gun laws affect firearm-related homicides and suicides Florida Went Gun Shopping After the Parkland Shooting Retailers take sides on gun policy. Is the risk worth the reward? Congress Lacks Gun Consensus After Trump Retreats Florida lawmaker mangles Nazi gun control history
(DBN)

Justice Department sues California, says sanctuary laws unconstitutional
(DBN)

Ex-Big Law Associate Sues ESPN Over Sexual Harassment
(DBN)

Mavericks owner Mark Cuban denies 2011 assault allegation Reports: Perceptions of workplace equality differ significantly from the realities Sophia Amoruso: 'Women are beginning to write our own history'
(DBN)

Stormy Daniels sues Trump over ‘hush agreement’
(DBN)

Woman suffocated with garlic during bizarre 'exorcism'
(DBN)

Accused Thief in Court Over Goldman Exec's $1.2 Million of Missing Wine
(DBN)

Utah Teen Attempted School Bombing
(DBN)

The First Woman To Land A Leading Role As A Lawyer
(DBN)

Law School Speaker Claims Protesters Violated HER Free Speech Rights Lewis & Clark law students embarrass themselves... ‘Microagressions are Real!’: Law Students Awkwardly Chant, Sing to Drown Out ‘Fascist’ Speaker
(DBN)

Trump's deadline for the 'Dreamers' just passed without a fix from Congress — here's everything you need to know about the program hanging in limbo
(DBN)

What is “chain migration” and what laws affect it?
(DBN)

6th Circuit Suspends Lawyer for ‘Careless’ Use of Name
(DBN)

Woman Admitted to Stabbing Boyfriend with Samurai Sword After Catching Him Cheat
(DBN)

Federal religious discrimination lawsuit alleges woman was forced to get flu shot or be fired
(DBN)

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Judges:

BK SD NY: All Divisions Closed For Weather BK ED PA: Philadelphia and Reading Closed 3rd Cir. Closed BK NJ Closed BK ED NY: Central Islip Closed
(DBN)

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Wall Street:

Dow sets up for 300-point drop after Cohn bombshell Slumping stocks could ‘test the February lows’ — analysts react to Cohn’s resignation How a tariff-rattled stock market is reacting to Cohn’s resignation from the Trump White House Stocks are set to tank after Wall Street-friendly Cohn resigns
(DBN)

European stocks slide, with metal makers hit in Cohn fallout
(DBN)

Stocks close higher but investors remain on edge over tariffs debate
(DBN)

The CEO of JPMorgan's giant investment bank says a 40% correction could be looming — here's how it could happen
(DBN)

Investors staged a near-record exodus from US stocks in February
(DBN)

Ron Paul warns that market dangers are 'bigger than ever,' even if Trump backs away from tariff threat
(DBN)

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Layoffs:

Uber says it has started using driverless trucks for shuttling goods across Arizona
(DBN)

Rolls-Royce Deepens Job Cuts as Profit Jump Sends Shares Higher
(DBN)

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Politics:

The high-profile Trump White House departures Trump Aides Like Nunberg and Cohen Haunt His White House Gary Cohn to quit Trump White House: NYT Trump's tariff war nudges Cohn toward White House exit Gary Cohn Reaches the Breaking Point
(DBN)

‘I Need Loyalty’ White House a New Version of The Apprentice Trump pushes back on reports of White House 'chaos': 'They all want a piece of that Oval Office'
(DBN)

Democratic wave in Texas? Democratic turnout surges in Texas as voters vent anger at Trump in the first state primary of 2018 Democrats Strategy Comes Up Short in Texas
(DBN)

Anthony Scaramucci’s Wife Tells Dr. Phil She Filed for Divorce When He Took White House Job
(DBN)

Sam Nunberg just taught us a really important lesson about what's going on in Trump's head Former Trump Aide Nunberg Wavers on Rants
(DBN)

North Korea Claims Willingness to Denuclearize to South There's a puzzling 'missing link' in South Korea's story about Kim Jong Un wanting to denuclearize Top US intelligence chiefs are skeptical of North Korea's offer to talk about its nuclear program North Korea is very hushed about the prospect of denuclearization — and it could be playing the US Can Trump's 'Madman' Theory Lead to Peace with North Korea?
(DBN)

Court Keeps Catching Kobach in Lies White House defends her by brazenly lying about her comments
(DBN)

Kellyanne Cited for 2 Hatch Act Violations
(DBN)

Trump Puts Presidential Seal on Tee Markers
(DBN)

Top Senate Democrats want investigation into Carson’s $31,000 furniture order
(DBN)

Nashville's Democratic mayor resigns after affair, pleads guilty to felony theft charge
(DBN)

Obama Warning on Russia Meddling Was 'Watered Down' By Mitch McConnell, Former Aide Claims McConnell Denies Altering Russia Response
(DBN)

Bush says Trump ‘makes me look pretty good’ by comparison: report
(DBN)

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Banking:

Nuns get Wells Fargo to agree to a review of ‘lapses in governance’
(DBN)

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Footwear:

Birkenstock Seller Files for Bankruptcy , Blames UGGs
(DBN)

Footwear Retailer The Walking Company Files 'Chapter 22' Bankruptcy Summary: The Walking Company Holdings Inc.
(DBN)

New Delaware Chapter 11 Filing – Pinktoe Tarantula Limited
(DBN)

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Guns:

Remington Postpones Bankruptcy as BofA Hands Off Agent Role
(DBN)

Gun maker American Outdoor Brands: We won't be pushed into 'politically motivated' actions
(DBN)

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Theatre:

Norwalk theater files for bankruptcy protection Wall Street worries about Norwalk theater's future
(DBN)

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Toys:

Mattel Hit by Toys "R" Us Bankruptcy , Underperforming Brands
(DBN)

Sales at toymaker Lego fall for the first time in 13 years
(DBN)

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Student Debt:

Should it be easier to wipe out student debt in bankruptcy ?
(DBN)

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Aviation:

#JetMidwest Group, LLC files for Bankruptcy Protection
(DBN)

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Tech:

A toddler who wanted to watch 'Peppa Pig' locked his mother out of her phone for 48 years
(DBN)

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Paper Products:

Cenveo Ch. 11 gets examiner to back up unsecured creditors' probe
(DBN)

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Economy:

42% of Americans are at risk of retiring broke
(DBN)

Rising interest rates will be devastating to the US economy for one big reason
(DBN)

Fed's Kaplan says the market is not appreciating the risk of an oil price spike
(DBN)

Q1 GDP Forecasts
(DBN)

Trump's new tariffs just got a brutal review What Trump Is Risking by Imposing Tariffs Why the Rust Belt economy will suffer in a trade war Tariffs Won't Save US Steel Industry Here are the states most threatened by steel tariffs Goldman Sachs: Trump's tariffs are 'draconian' and will raise prices Beer cans and sedans: the tariff debate is centering on two product categories Analysis: How American steelmakers have survived - without Trump's help Trump tariffs may really be a backdoor way to get out of the WTO WTO Rules on Dealing with Trump Tariff Mnuchin backs tariffs, but says country 'not looking to get into trade wars' The U.S. Businesses at Risk From Trade War With China Trump's Tariffs Screw Harley-Davidson in Two Ways Some steelworkers love Trump tariffs. Others fear them. Finally, Trump does something Republicans can’t stomach Oil CEO to Trump: Tariffs will help OPEC, hurt US jobs Why a full-blown Trump trade war won’t happen Winners and losers from Trump’s tariffs Tariff Tit-for-Tat Don't Freak Out About Tit-for-Tat Tariffs EU reveals proposed steps against Trump's metal tariffs Trump: tariffs will be done in a "loving way" Trump: 'The trade war hurts them, it doesn't hurt us'
(DBN)

Talk of a trade war ignites uncertainty and is against the interest of the US, Fed officials said
(DBN)

Fed's Kaplan says too soon to change forecasts to reflect tariff impact
(DBN)

IMF's Lagarde says nobody wins in a trade war
(DBN)

Congress: White House sending mixed signals on market stabilization
(DBN)

The Problem with America's Biggest Exports
(DBN)

Trump believes economic advisor Cohn will resign if tariffs imposed: Report Gary Cohn is resigning from the White House, according to New York Times Cohn quit almost immediately after Trump said 'everybody wants to work' for him Wall Street reacts to Cohn resignation: He served 'his country with class' Gary Cohn resigns as Trump's top economic advisor Top economic adviser Gary Cohn leaves White House in wake of tariff rift Larry Kudlow: I urged Cohn to stay because Mnuchin and he are the 'twin pillars' of Trump's economic team Cohn's resignation may be a 'turn for the worse' in trade: Larry Kudlow Trump's dangerously thin red line Ex-Obama advisor Goolsbee wouldn't fill Cohn's shoes 'if it was the last job on Earth' Meet Peter Navarro, the man who pushed Gary Cohn out of the White House With Cohn gone, protectionist Peter Navarro is unleashed at White House
(DBN)

Mnuchin Tries to Douse Trade-War Fears Over Trump Tariff Threats
(DBN)

Mnuchin says steel, aluminum tariffs won’t apply to Canada, Mexico if NAFTA renegotiated Cramer: Trump tariff that excludes Canada and Mexico would create 'wave of jubilation' in the market
(DBN)

The $82 Trillion Problem Washington Has Stopped Talking About
(DBN)

How much money you have to earn to be considered rich in 42 major US cities
(DBN)

The gap between rich and poor has increased the most in this U.S. state
(DBN)

20 Ways New Tax Law Will Make You Laugh
(DBN)

A quick path to 3% U.S. growth: Economists say get more women into workforce
(DBN)

Econ professor says experts are wrong on inequality — it’s actually much worse!
(DBN)

Population Outlook: Uncertainty Not Just Related to Immigration Assumptions, But Also Death Rates
(DBN)

Here’s the cheapest (and most expensive) place to raise a family in America
(DBN)

Class 8 Truck Orders Jumped 76% in February
(DBN)

Rich Now Get Tax Break Meant for Farmers
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

CoreLogic: House Prices up 6.6% Year-over-year in January
(DBN)

MBA: Mortgage Applications Increase Slightly in Latest Weekly Survey
(DBN)

Giving HUD a Lobotomy
(DBN)

Royal Bank of Scotland reaches $500 million settlement with New York over mortgage securities
(DBN)

California's Love of Cars Is Fueling Its Housing Crisis
(DBN)

Debt Collection Law Firms Must Follow FDCPA in Foreclosure Cases, Court Says
(DBN)

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Municipalities:

U.S. Stands Ready to Extend Loans to Puerto Rico, Mnuchin Says
(DBN)

Puerto Rico regulators, federal oversight board wrestle for control of PREPA
(DBN)

Keeping Puerto Rico on a short leash until it proves accountability
(DBN)

Exodus from Puerto Rico grows as island struggles to rebound from Hurricane Maria
(DBN)

PR Oversight Board head Under Fire For $625K Salary
(DBN)

After the Storm: Hurricane Maria Refugees Resettle in Amish Country
(DBN)

Leases at core of U.S. District Court omnibus hearing over Puerto Rico bankruptcy
(DBN)

Puerto Rico governor promises salary increases and tax cuts
(DBN)

These are the top 2 contenders for Amazon's HQ2, according to economists and housing experts
(DBN)

______________

Oil/Gas:

Oil prices fall as Trump advisor's exit stokes trade war fears
(DBN)

Oil edges up to score a third-straight session climb
(DBN)

Shale Oil Growth to Overwhelm US Refineries Is The Sky The Limit For U.S. Shale? Shale Pioneer Issues Warning To US Drillers
(DBN)

BP CEO Bob Dudley is making predictions about the price of oil again
(DBN)

Trump's proposed steel tariffs could hammer Houston businesses
(DBN)

Shale? Here's the Other Wave Washing Into the Oil Market
(DBN)

Oil’s Boom-and-Bust Cycle May Be Over. Here’s Why
(DBN)

______________

Taxis:

MIT Admits Math Wrong on Uber Study Maybe Uber & Lyft Drivers Can Make a Living
(DBN)

Uber Burns Through $10.7 BN in 9 Years
(DBN)

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Personal Finance:

When Your Parents Die Broke
(DBN)

______________

Banking:

Amazon could become the third-biggest US bank if it wants to: Bain study
(DBN)

______________

Fraud:

Prosecutors ask judge to put 'pharma bro' Martin Shkreli in prison for at least 15 years Martin Shkreli launched unmonitored trial for Retrophin Rx without FDA oversight
(DBN)

Criminal charge could motivate testimony in alleged $60M Ponzi scheme in Rockland
(DBN)

'The Wolf of Wall Street' producers to pay $60 million to US in lawsuit settlement linked to 1MDB
(DBN)

______________

Radio:

By the Time You Read This Article, iHeartRadio Will Probably Be Bankrupt
(DBN)

Most of RI's Top Radio Stations Will Be in Bankruptcy This Week
(DBN)

iHeartMedia Gets Small Extension On Debt As Liberty Media Postures iHeartMedia wipe $15B in debt, saving them 2 days of bankruptcy Lenders Give Troubled iHeartCommunications Breathing Room as Bankruptcy Looms
(DBN)

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Transmissions:

Fallbrook Technologies: Gears to Spheres… with a Bankruptcy Detour
(DBN)

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Personal Finance:

I quit cable for DirecTV Now and it's saving me over $1,000 a year — here's how I did it
(DBN)

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Currency:

MtGox’s trustee adds JPY 42.96 billion to account balance of bankruptcy estate Mt. Gox Trustee Liquidates Massive Amount of BTC and BCH
(DBN)

Forget $100,000 bitcoin, says Kenneth Rogoff — try $100 instead
(DBN)

The ultra-rich are investing more in cryptocurrencies
(DBN)

Bitcoin’s Tokyo Whale Sold $400 Million and He’s Not Done Yet
(DBN)

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Retailing:

Target shares swoon on spending plans, more wage hikes this spring Target's quest to catch Amazon is failing miserably — and traders saw it coming
(DBN)

Ross Stores shares fall as company predicts slower pace of growth for 2018 The chain hailed by Wall Street as a 'retail treasure' runs the most disastrous store we've ever seen
(DBN)

CVS plan to issue $40 billion in debt to fund Aetna takeover puts credit rating in peril
(DBN)

America has a billion-dollar drunk shopping problem
(DBN)

Toys R Us and why the retail downturn is all about debt
(DBN)

______________

Marijuana:

State Prosecution of Medical Marijuana Execs Highlights Risks to Avoid, Lawyers Say
(DBN)

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Travel:

Best and Worst US Airlines
(DBN)

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Construction:

Priceville Partners bankruptcy trustee sues Moulton construction company
(DBN)

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New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (153 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (83 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)

______________

Bad Faith:

Rent-A-Wreck Crash Into Bankruptcy Dismissed for Lack of Good Faith Filing
(DBN)

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Safe Harbors:

The Supreme Court Reshapes the Section 546(e) Safe Harbor
(DBN)

Supreme Court holds that use of financial institutions as conduits will not insulate a transaction from avoidance actions
(DBN)

Supreme Court Makes Bankruptcy Claw-Backs Easier While Protecting Financial Institutions
(DBN)

______________

SCOTUS:

SCOTUS Asked To Look At Commingled Funds In Fraud Cases and Whether Assignment of Creditor Claims to Bankruptcy Estate Violates Section 546(e)
(DBN)

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Venue:

Chapter 11 Locale
(DBN)

Montana Court Refuses to Shift Venue of “Related to” CFPB Police Action to Texas Bankruptcy Court
(DBN)

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Mediation:

What Happens When a Mediated Settlement Falls Apart? Some Not-Good Things (In re Blue Dog)
(DBN)

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Insiders:

Supreme Court Lakeridge Decision Clarifies the Standard of Review of Mixed Questions of Law and Fact — In this Case, Addressing Insider Status for Plan Confirmation and Cram-Down
(DBN)

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TBTF:

CBO: Senate Banking Bill Raises Risks of Another Financial Meltdown
(DBN)

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Litigation:

Court Orders Production of Documents Shared with Litigation-Financing Firm
(DBN)

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Weather:

The Northeast is set to get pummeled with up to a foot of snow Wednesday as another Nor'easter bears down on the region East Coast preps for second nor'easter; some areas to get up to 18 inches of snow Another powerful nor’easter barrels up the East Coast, threatening a new round of power outages Nor'easter: More than 1,700 flights are already canceled and more are likely to come
(DBN)

Cities Emit 60% More Carbon Than Thought
(DBN)

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Celebs:

Jeff Bezos bumps Bill Gates from the top of the Forbes billionaires list
(DBN)

Meet The Members Of The Three-Comma Club
(DBN)

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Corporate Reform:

Rare Loss for Wall Street in Senate's Reboot
(DBN)

Dodd-Frank Overhaul Starts Inching Forward on U.S. Senate Vote
(DBN)

Old Law Stalls Trump Killing Obama EOs
(DBN)

CEO of company previously investigated by CFPB emailed Mulvaney for job
(DBN)

Trump is systematically backing off consumer protections, to the delight of corporations
(DBN)

______________

Healthcare:

HCR ManorCare files for bankruptcy , proposes ownership transfer
(DBN)

HCR Manorcare Approved For Quick Trip Through Bankruptcy
(DBN)

Powell Valley Healthcare coming out of bankruptcy
(DBN)

Not-for-profit hospital downgrades surged in 2017
(DBN)

Bringing Back Junk Medical Insurance
(DBN)

Opioid overdoses spiked 30 percent in one year
(DBN)

Man declared dead 'wakes up moments before autopsy'
(DBN)

States: Longest, Shortest Life Expectancies
(DBN)

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Festivals:

Billy McFarland, organizer of disastrous Fyre Festival, pleads guilty to misleading investors Fyre Festival Promoter Pleads Guilty After Bahamas Fiasco
(DBN)

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Entertainment:

Weinstein Co. deal collapses in yet another twist $500 million deal to buy Weinstein Co. falls apart - Too much debt Weinstein Co. purchase falls through over concerns of "viability" Weinstein Company buyers pull out after much more debt found Weinstein Buyers Pull Out of Purchase After Looking at Books Weinstein Co Blasts 'Excuses' From Maria Contreras-Sweet Over Failed Sale
(DBN)

Weinstein Co Board Statement Says It Will Continue Working To Determine 'if There Are Any Viable Options Outside Of Bankruptcy'
(DBN)

The Weinstein Company and lenders engage restructuring professionals to prep for potential bankruptcy filing Weinstein Co. One Step Closer to Bankruptcy After Unsuccessful Sale
(DBN)

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UK:

No-Deal Brexit: Where Are Your Contingency Plans? Diverse Approaches and a Helpful Checklist
(DBN)

Voidable preference – Court considers relevant date of connection
(DBN)

Brexit could mean that Brits will have to pay exorbitant roaming charges on their phones again
(DBN)

How to deal with insolvency in higher education
(DBN)

Administrators of insolvent broker Beaufort Securities freeze £800mln in client assets
(DBN)

Coronation Street star Michael Le Vell declared bankrupt after ‘six-figure tax bill’ and £200k legal fees
(DBN)

Ukip may be bankrupt 'within days' after £100,000 funding gap
(DBN)

______________

PIIGS:

The Italian Implosion
(DBN)

______________

Canada:

Over 500 Canadian doctors protest raises, say they're being paid too much
(DBN)

Insolvent BionX Canada Talks to Investors
(DBN)

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Australia:

Palmer: Freeze could cost hundreds of jobs
(DBN)

Navigating the Insolvency Reforms - Impending Changes to Contractual Termination Rights
(DBN)

The limits of recognition under the UNCITRAL Model Law – foreign compromises of English law claims
(DBN)

______________

Brazil:

Brazil's Oi approves debt-for-equity swap, legal wrangles continue Brazil's Oi board approves terms of $3.81 bln capitalization - filing
(DBN)

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China:

Chinese courts accept more corporate bankruptcy cases in 2017
(DBN)

China's debt-trap diplomacy reaches the Philippines, which is likely to accept Chinese loans 1,100% more expensive than other options
(DBN)

______________

MENA:

Israeli Justice Minister: New Bankruptcy Law ‘Among Most Important Ever Passed’
(DBN)

Kuwait construction firms facing bankruptcy due to lack of liquidity in market
(DBN)

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India:

PNB fraud probe drove Nirav Modi's jeweler to US bankruptcy filing Nirav Modi bankruptcy files may help decode PNB scam
(DBN)

RCom Appeals In Bombay High Court To Protect Lenders' Interest
(DBN)

Essar Steel Likely to See Second Round of Bidding After ArcelorMittal, Numetal Fail Eligibility Test Essar Steel's $6 billion sale is said to face delay
(DBN)

______________

Croatia:

Agrokor expects creditors to approve debt settlement plan by July 10
(DBN)

______________

Hong Kong:

This clause in Noble's restructuring plan is raising concern
(DBN)

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