May 1, 2018

The Daily Bankruptcy News

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Law:

'Mommy Track Is a Dead End' at MoFo, Associates Claim in New Lawsuit MoFo hit with $100 million pregnancy bias suit ‘Mommy track is a dead end’ at Morrison & Foerster, associates allege in $100M suit MoFo's “old boys' club” culture clashes with "the mommy track" MoFo Hit With $100 Million Pregnancy Discrimination Lawsuit Morrison & Foerster Sued for Pregnancy Bias
(DBN)

Proskauer's Doe, Named In New Filing, Lodges Fresh Claims
(DBN)

5th Circuit Blasts Lawyer Over Witness 'Gifts', Tosses $502M J&J Verdict 5th Circuit blasts lawyer who sent thank-you checks to experts, yet told jurors they were unpaid 5th Circuit Lashes Out Over Attorney’s ‘Gifts’ To Witnesses 5th Circuit mounts searing attack on plaintiffs' lawyer Mark Lanier
(DBN)

Foley Adds Experienced Bankruptcy Partner in Los Angeles
(DBN)

'There's never been a moment like this' - the US lawyer, the QC and a unique transatlantic alliance
(DBN)

The Economics of Kirkland and Cravath
(DBN)

3 Ways To Make Yourself An Attractive Lateral Candidate
(DBN)

$11M a year for a lateral hire? Star partners are valued ‘like Hollywood celebrities’
(DBN)

Increasingly, Courts Scrutinizing Lawyers' Social Media Activity
(DBN)

8 Latham Partners Named as Candidates to Replace Bill Voge
(DBN)

Diversity & Inclusion For Recent Law School Grads Seems To Be Taking A Back Seat In Private Practice
(DBN)

Where are the jobs for the Class of 2018? (podcast)
(DBN)

New Law Firm/LPO Partnership Aims To Cut Corporate Legal Spend By Half
(DBN)

How Do You Avoid The Stress Of A Biglaw Job?
(DBN)

Is it ever OK to cry at work?
(DBN)

It’s Lonely Being A Lawyer
(DBN)

4 strategies for effectively implementing a mindfulness program
(DBN)

Lawyers have enhanced duty of confidentiality when engaging in public commentary
(DBN)

Biglaw Firm Doesn’t Think Men Get Nearly Enough Credit
(DBN)

Still out of compliance with ABA standards, Florida Coastal is investigating a response
(DBN)

Free LSAT prep, from Khan Academy and the LSAC, coming in June
(DBN)

Millennial Law Students: Play To Your Strengths
(DBN)

I’m a law firm lawyer and have lost out on in house jobs to lawyers with in house experience. How do I overcome this objection?
(DBN)

Law Firm Asks AI Engine To Draft Answers: ‘Upon Information And Belief… ERROR 404’
(DBN)

Biglaw Name Partner’s Powerful Stance Against Intolerance
(DBN)

There’s a hidden shortcut for rearranging all of your iPhone apps at once — here’s how to do it
(DBN)

Trump campaign has paid portions of Michael Cohen's legal fees: Sources Michael Cohen Hit With New Taxi Taxes, Owes New York $282,000 Stormy Daniels Wants ‘Seat at the Table’ in Cohen Document Case, Lawyer Says
(DBN)

Report reveals list of questions Mueller has for Trump: Everything from Russia to Jeff Sessions Comey: Trump should submit to Mueller interview Comey v. Comey: How New Disclosures Could Put Just One Week Between Comey and Perjury Manafort Asks Judge to Investigate Leaks in Investigation
(DBN)

Stormy Daniels Sues Trump for Defamation Stormy Daniels' New Lawsuit Against Trump Has 'Yuge' Legal Hurdle in Front of It
(DBN)

Seattle Moves to Wipe Out 2 Decades Of Marijuana Possession Convictions
(DBN)

Banks, Credit-Card Companies Explore Ways to Monitor Gun Purchases
(DBN)

Bill Cosby’s Damning Deposition Was the Nail in the Coffin, According to Juror The Bill Cosby Verdict: Why I’m Worried
(DBN)

NBC Staff Signed Brokaw Letter Under Duress
(DBN)

HUD reaches harassment settlements in three states
(DBN)

At Least 103 Uber Drivers Accused of Assault 14 women accusing drivers of assault ask Uber board to be released from arbitration
(DBN)

The #MeToo Lawyer Fighting for Women in the Workplace
(DBN)

A black man was forced to pay upfront at a Chinese restaurant. He got his meal — and $10,000
(DBN)

A New York company must pay $5.1 million for demanding religious practices from employees
(DBN)

Man, 36, Waterboarded His 65-year-old Wife Say Police
(DBN)

DOJ charges 11 immigrants from "caravan" with illegally entering U.S. Feds process asylum-seekers from caravan
(DBN)

These lawyers balance full-time practices with a side hustle that pays
(DBN)

Lawyer's excuse for court lateness outed by Instagram holiday snaps
(DBN)

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Judges:

Sotomayor will have shoulder surgery Tuesday
(DBN)

Cold-Hearted Judge Tries To Ruin Wedding By Calling Immigration Officials On Young Couple
(DBN)

Judge Detonates Pro Se Law Student So Hard I Now Must Defend A Dumb Kid
(DBN)

Former Law Clerk About To Stand Trial For Allegedly Impersonating Judge Found Dead In Apparent Suicide
(DBN)

Please Stay, Justice Kennedy. America Needs You Speculation swirls over Supreme Court retirements
(DBN)

Proposed Amicus Brief Rule Change Has No Friends
(DBN)

Looking Back at Scalia's Controversial 'Long Game'
(DBN)

Courts As Institutional Reformers: Bankruptcy and Public Law Litigation
(DBN)

Oregon Supreme Court gets first African-American justice
(DBN)

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Wall Street:

Wall Street stocks ready to slip further
(DBN)

Dow closes more than 100 points lower, but ekes out small gain for April
(DBN)

Hopes for stock returns at lowest since before the financial crisis: Morgan Stanley
(DBN)

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Layoffs:

University Hospital sends out 800 letters to prepare for job cuts
(DBN)

Nearly 600 Michigan employees face layoffs at MB Financial Bank
(DBN)

U.S. Workers’ Fears of Job Loss Rise Slightly
(DBN)

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Politics:

South Korea's president calls for Trump to get the Nobel Peace Prize for his work on North Korea The Trump administration just sent a dark, threatening message to Kim Jong Un Treasury Secretary Mnuchin: 'No question' Trump sanctions brought North Korea to negotiating table
(DBN)

Poll shows Democrats losing ground with a vital group needed to win in 2018 — millennials
(DBN)

Democrats’ 2018 impeachment dilemma, explained
(DBN)

The 10 toughest Senate elections for Democrats in 2018
(DBN)

‘Ready, shoot, aim’: President Trump’s loyalty tests cause hiring headaches
(DBN)

Key findings on Americans’ views of the U.S. political system and democracy
(DBN)

Americans View Finances Through Lens of Political Identity
(DBN)

The real reason Michelle Wolf is under attack is because her Sarah Sanders jokes are true Michelle Wolf Does Unto the White House as It Has Done Unto Others Shame on Michelle Wolf for acting like Donald Trump Scarborough: People slamming Michelle Wolf 'didn't call me up' when Trump attacked my fiancée
(DBN)

First Ronny Jackson Withdrew His Nomination as VA Director. He Won't Get His Old Job Back Either Gowdy: Some allegations against Ronny Jackson ‘warrant' investigation Pence’s Doctor Raised Concerns About Jackson Last Fall
(DBN)

White House Corrects Claim Iran 'Has' Nuke Program
(DBN)

Trump doesn't deny calling African countries 's--------' while meeting with Nigeria's president
(DBN)

John Kelly Calls Trump an Idiot 'Total BS': John Kelly fires back after report says he calls Trump an 'idiot'
(DBN)

Trump Approval Rating Rises to 42%
(DBN)

Afghan War: Can't Win It, Can't Stop It, Can't Leave It
(DBN)

Roy Moore Sues Accusers for Conspiracy
(DBN)

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Retailing:

Meet the company helping fill a sea of vacant stores in the US
(DBN)

A look at Sears’ U.S. pension prospects as Canadian windup ordered
(DBN)

Report: Toys ‘R’ Us Canada purchase could save some U.S. stores
(DBN)

Malls plan for more store closures
(DBN)

Mall Owners and Retailers Clash Over Avalanche of Online Returns
(DBN)

Wall Street raises the bar for Amazon after blowout quarter, but some aren’t buying the hype Jeff Bezos says this is how he plans to spend the bulk of his fortune World's Richest Man Never Satisfied, Always Wants More
(DBN)

Carson's joins the roll call of failing retail brands
(DBN)

Bankruptcy sale of mall spurs hope
(DBN)

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Student Debt:

Feds Defend Cutting Relief to Debt-Saddled Students
(DBN)

______________

Telecoms:

T-Mobile's Tie-Up With Sprint Would Make Junk-Bond Behemoth
(DBN)

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Tech:

Declining Majority of Online Adults Say the Internet Has Been Good for Society
(DBN)

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Economy:

The Fed is about to get more aggressive, and 'collateral damage' may ensue
(DBN)

The Fed's favorite way to measure inflation rises to its 2% target for the first time in over a year
(DBN)

The rise of the blue-collar signing bonus — now up to $25,000
(DBN)

US Borrows Record $488 Billion in Q1
(DBN)

Econ Grapples With What Causes Recessions
(DBN)

Chicago PMI Increased Slightly in April
(DBN)

Dallas Fed: "Growth in Texas Manufacturing Rebounds Strongly"
(DBN)

New York Fed Nowcast (4/27): Q1 3.0% Fed GDPNow Latest forecast (4/30): 4.1 percent
(DBN)

The U.S. Economy Hits a Milestone
(DBN)

The Trump administration is going to try to avoid a trade war this week — don't hold your breath China prepares a hard-line stance on Trump’s trade demands These are the industries Trump should protect from China if he wants to win elections The coming non-Chinese trade war Trump’s Steel-Tariff Deadline Looms, With Allies on Edge UniCredit Sees Risk of `Tit-for-Tat' Trade Dispute Trump's 'Art of the Squeal' could really screw up US trade US extends tariff exemptions for European Union and other allies Trump pushes back tariff exemptions but Europe is still not happy Trump gives EU, Canada another month before steel, aluminum tariffs come in Europe Tells Trump: We Won’t Negotiate Under Threat Trump Extends Relief, Confusion as Allies Get Tariff Reprieve
(DBN)

Commerce Secretary Ross: President Trump’s tax plan is working for America
(DBN)

Senator Rubio thinks that reheating Reaganomics is a dead end Rubio: There's 'no evidence whatsoever' that Trump's tax bill has helped American workers Marco Rubio just went way off message on the GOP tax cuts Krugman: How’s That Tax Cut Working Out?
(DBN)

Democrats’ tax plan looks an awful lot like a big giveaway to the wealthy
(DBN)

Krugman: Trump’s War on the Poor
(DBN)

10 most affordable places to live in the US
(DBN)

US fast-food price war flares as consumer spending softens
(DBN)

US annual inflation measures jump as consumer spending rises U.S. consumer spending inches up in March Personal Income increased 0.3% in March, Spending increased 0.4%
(DBN)

How Bad Is the Labor Shortage? Cities Will Pay You to Move There
(DBN)

The lapsing of Finland’s universal basic income trial
(DBN)

Americans have enjoyed cheap gas for years. That will change this summer.
(DBN)

Bad Social Security Idea is Gaining Steam
(DBN)

WWE co-founder Linda McMahon shares her No. 1 tip for thriving in a male-dominated field
(DBN)

Rare trifecta of soaring stocks, cheap loans and low inflation coming to an end
(DBN)

Booker, Sanders want to promise every American a job. Some Democrats are skeptical.
(DBN)

HUD Secretary Ben Carson’s proposal to triple rents for poorest households would hurt single mothers the most
(DBN)

About one-third of U.S. children are living with an unmarried parent
(DBN)

3 Billion Worldwide Looking for Great Jobs
(DBN)

The Largest Export of Every U.S. State in 2017
(DBN)

Did the U.S. government just achieve a surplus? : A closer look at our national accounts
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Trump campaign aide Manafort sued by bankruptcy trustee over California property deal Paul Manafort Sued Over California Real-Estate Deal
(DBN)

Fannie Mae: Mortgage Serious Delinquency rate decreased in March
(DBN)

Woodbridge Bankruptcy Spotlights CEO's Luxury Spending
(DBN)

March pending home sales barely rose as buyers struggled to afford what little is available NAR: Pending Home Sales Index Increased 0.4% in March, Down 3.0% Year-over-year
(DBN)

Shopping for a home? Sellers may use cameras, microphones to spy on house hunters
(DBN)

More coffee shops in your neighborhood could mean your rent will go up soon
(DBN)

Treasury Claims Fix for Freddie and Fannie
(DBN)

America’s Mortgage Market Is Still Broken
(DBN)

Investors join forces in Abraham bankruptcy
(DBN)

____________

Municipalities:

Puerto Rico's Hurricane Recovery, Statehood, And Debt Crisis
(DBN)

Can Puerto Rico Recover From Maria Before the Next Storm Hits?
(DBN)

Demonstrators To March In Puerto Rico To Protest Austerity Measures
(DBN)

The fallout from Hurricane Maria is reigniting old conflicts in Puerto Rico .
(DBN)

Detroit Exits State Oversight as City Mounts Fiscal Recovery 3 years out of bankruptcy , Detroit released from state financial oversight Detroit in full control of self for 1st time in decades Detroit Released From Active State Oversight of Finances Detroit sheds financial oversight. 'They've earned their way out of it,' says Michigan governor
(DBN)

The life of an underpaid teacher
(DBN)

California Pension Overhaul Bills Killed
(DBN)

Here's what's next for 11 defendants accused of Flint water crisis crimes
(DBN)

Custodial Receipts: A Useful Tool for Restructuring Insured Municipal Bonds
(DBN)

______________

Oil/Gas:

Oil rises 47 cents, settling at $68.57, after Netanyahu claims evidence Iran sought nuclear weapons Oil Prices Spike As OPEC Compliance Hits New Record BP profits surge 71 percent amid oil price rally Oil prices are looking 'frothy' and could lead to a correction, BP finance chief says
(DBN)

New Delaware Chapter 11 Filing – Nighthawk Energy PLC Nighthawk Energy Bankruptcy
(DBN)

Frackers preach patience to investors
(DBN)

Vancouver Gas Prices Nearing $8 Gallon
(DBN)

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Autos:

Bill George: Ford's decision to dump cars 'may prove fatal' Why Ford Will Probably Be Fine Without Sedans Ford’s Big Move Isn’t Such a Bad Thing
(DBN)

Tesla May Go Bankrupt This Year Time for Elon Musk to explain why bankruptcy's not in the cards for Tesla Tesla Deposits Worth $850M Could Go Down Drain Visualizing Elon Musk’s Vision for the Future of Tesla A complete guide to how Elon Musk has raised, and then spent, billions of dollars Tesla’s down 25% from its high, and charts point to more pain Tesla is burning through billions — and it's revealing an ugly reality about the company's financial situation
(DBN)

Tesla ‘driver’ turns on Autopilot and climbs into the passenger seat on highway
(DBN)

Takata whistleblower says warning to U.S. authorities over air bag flaws was his ‘ethical duty’
(DBN)

How your car could tell your insurance company if you're a good driver
(DBN)

______________

Coal:

Revolt in West Virginia's Coal Country
(DBN)

Contura, Alpha to merge, creating largest U.S. met coal producer
(DBN)

US coal groups cash in on overseas demand
(DBN)

______________

Cameras:

DxO Labs Files For Bankruptcy Protection But There's Good News
(DBN)

______________

Awards:

Matthew Warren Named An Outstanding Young Restructuring Lawyer
(DBN)

______________

Food/Beverage:

Winn-Dixie parent company proposes new board as part of bankruptcy plan
(DBN)

Now on Offer at the Supermarket: Freshly Squeezed Suppliers
(DBN)

Latest Restaurant Performance Index Up Moderately In March
(DBN)

______________

Celebs:

Squatter Files For Bankruptcy So He Can Stay In Timbaland's Mansion
(DBN)

______________

Fraud:

April 2018 Ponzi Scheme Roundup
(DBN)

Ex-Autonomy CFO Convicted of Fraud in Disastrous HP Merger
(DBN)

Panasonic unit to pay $280M to settle U.S. criminal, civil charges of bribery
(DBN)

Thousands of Women Say LuLaRoe’s Legging Empire Is a Scam
(DBN)

Sheldon Silver `blinded by greed,’ prosecutor says as retrial opens
(DBN)

______________

Pharma:

More people are blaming the opioid crisis on drug companies
(DBN)

______________

Aviation:

Tempus Aircraft Files for Bankruptcy
(DBN)

Airline Pilots May Be Next in the Corporate War on Unions
(DBN)

______________

Religion:

Appeals court affirms Catholic institutions’ assets separate from archdiocese
(DBN)

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New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (Temporarily unavailable)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (27 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)

______________

Bankruptcy Statistics:

Consumer Bankruptcy Filings Continue Decline But Ch. 11s on Rise
(DBN)

Business and Nonbusiness Cases Filed, by Chapter of the Bankruptcy Code Business and Nonbusiness Cases Filed, by Chapter of the Bankruptcy Code, District, and County Business and Nonbusiness Cases Filed, by Chapter of the Bankruptcy Code
(DBN)

Weekly Bankruptcy Claims Trading Activity
(DBN)

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Litigation:

Attorneys' Mindsets During Discovery Must Change, Judges Say
(DBN)

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Legal Tech:

Interview with Thomas Hamilton of ROSS Intelligence
(DBN)

Interview with Darby Green of Bloomberg Law
(DBN)

Interview with Owen Byrd of Lex Machina
(DBN)

Interview with Ed Walters of Fastcase
(DBN)

______________

TBTF:

10 years after the Great Recession, big banks are still making outrageous profits
(DBN)

______________

IP:

First Circuit Finds Trademark Licenses “Categorically” Not Protected in Bankruptcy
(DBN)

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Third Party Release:

Avanti Bankruptcy Court Enforces Nonconsensual Third-Party Releases in Chapter 15 Proceeding
(DBN)

______________

Valuation:

Courts Have the Flexibility to Select Valuation Date in Cram Down Scenario; Fifth Circuit Remands to Bankruptcy Court for Re-valuation Based On Improper Deduction of Waived Fees
(DBN)

______________

Television:

Viewers Are Ditching Cable For Streaming Faster Than Anyone Expected
(DBN)

Legal battle between Idol maker and its former creditors continues
(DBN)

______________

Education:

Defunct University Sues Students For Unpaid Bills
(DBN)

Steep tuition discounts are stressing the bottom line for private schools, without much upside
(DBN)

Choose these majors if you want to be financially successful
(DBN)

______________

Travel:

American Airlines passenger: ‘The cops were called on me for flying while fat & Black’
(DBN)

______________

Biofuels:

EPA Gives Ethanol Waivers to Icahn's Refinery
(DBN)

______________

Entertainment:

Dallas firm to buy Weinstein Co. after auction yields no serious bids Major Players Sit Out of Weinstein Co. Bankruptcy Auction Weinstein Company set to be taken over by Lantern Capital: sources
(DBN)

Pitt, Roberts, DiCaprio reportedly push to delay Weinstein Co. bankruptcy until they get paid Quentin Tarantino Claims Weinstein Company Owes Him Millions
(DBN)

Gibson Dunn, Boutrous Sue Harvey Weinstein on Behalf of Ashley Judd
(DBN)

Six Women Pursuing Class-Action Suit Against The Weinstein Co. And Its Co-Founder Seek Bankruptcy Court’s Permission To Proceed Ashley Judd Sues Harvey Weinstein
(DBN)

Possible New Bidder For The Weinstein Co. Emerges, With Offer To Compensate Victims
(DBN)

Weinstein Co. Auction Pits Creditors Against Harvey, Blavatnik
(DBN)

______________

Distressed Investing:

The Zohar Funds, Lynn Tilton, MBIA, and the Zohar III Noteholders Announce Resolution to Stay Litigation, Refinance and Monetize Zohar Assets
(DBN)

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Healthcare:

Home health company denied bankruptcy filing, owner being investigated for fraud
(DBN)

CMS' Verma: It’s time health care caught up to other industries to aid consumers
(DBN)

The uninsured rate is rising again
(DBN)

______________

Corporate Governance:

Dissolved LLC Revived Due to Inadequate Reserves for Claims
(DBN)

Women scarce at top of U.S. business – and in the jobs that lead there
(DBN)

______________

Movie Theaters:

MoviePass aims to help theaters survive in the digital age. But is the subscription service too good to be true?
(DBN)

______________

Marijuana:

The Trump administration has found a new way to crack down on legal weed
(DBN)

______________

Electricity:

FirstEnergy to transfer Pleasants Power Station
(DBN)

______________

Guitars:

Gibson Brands Reaches Restructuring Support Agreement To Reorganize Around Core Businesses
(DBN)

______________

Soccer:

A Week Inside a Soccer Club When the Money Runs Out
(DBN)

______________

Banking:

April 2018: Unofficial Problem Bank list declines to 94 Institutions
(DBN)

The Good Times Are Over for Some of the World's Most Profitable Banks
(DBN)

______________

UK:

Carillion: A collapse in time...? Dealing with the consequences of insolvency
(DBN)

What’s happening to London’s cranes? Brexit bites into U.K. construction
(DBN)

UK bank fiasco makes case for tech stress test
(DBN)

U.K. Manufacturing Slows to 17-Month Low in April
(DBN)

Britons Have Become Poorer
(DBN)

______________

PIIGS:

OECD Says Greek Debt Repayments Must be Made Sustainable
(DBN)

Greece’s debt deal will set a precedent for how wealthy Europe treats its less fortunate nations Troika Calls For 'Strong' Debt Relief For Greece
(DBN)

Spain: Smaller DTT channels face bankruptcy
(DBN)

A Drone's Eye View of Spain's Housing Bubble
(DBN)

______________

Canada:

Toys “R” Us Canada can grow with resources from buyer Fairfax, president says
(DBN)

Norterra Inc. files bankruptcy, owing $81M to Inuvialuit Development Corp.
(DBN)

Receivership Charges and Municipal Tax Claims: The Priority Debate Continues
(DBN)

Jumping Mortgage Rates Further Tighten Debt Vise for Canadians
(DBN)

______________

India:

US stops Nirav Modi's firms facing bankruptcy from paying bonus to employees Bankrupt Nirav Modi firms want to pay USD 230,000 bonuses
(DBN)

Moratorium no restriction for insolvency proceedings against guarantors: NCLAT
(DBN)

Govt extends deadline to receive initial bids for Air India
(DBN)

Two debt-ridden farmers end their lives
(DBN)

NCLAT orders status quo in Elctrosteel insolvency process
(DBN)

______________

Belgium:

Reform of insolvency law: changes as from 1 May 2018
(DBN)

Important changes regarding directors' liability in the event of bankruptcy
(DBN)

______________

Venezuela:

In Venezuela, five years of severance pay now buys a coffee
(DBN)

______________

MENA:

Mahmoud Abbas Says Holocaust Caused by Jews' Behavior
(DBN)

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