May 16, 2018

The Daily Bankruptcy News

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3-Column Formating

 

Law:

More Partners Join $300 Million Biglaw Gender Discrimination Lawsuit
(DBN)

Defunct Charlotte Law School, With Kirkland & Ellis' Help, Sues ABA Charlotte School of Law sues ABA, arguing it was never out of compliance with bar pass rule
(DBN)

Law Firm Rates, Demand Continue Upward Climb In 2018
(DBN)

Despite Its Beginnings, This Biglaw Firm Is No Joke
(DBN)

Reed Smith 'Innovation Hours' Program Gives Credit for Non-Client Work
(DBN)

Akin Gump Adds On-Site Counseling as Firms Fret Over Mental Health
(DBN)

Biglaw Partner Linked To $100 Million Ponzi Scheme
(DBN)

Wigdor Seeks to Withdraw From Defamation Suit Against Fox News
(DBN)

David Gordon Joins Polsinelli’s Bankruptcy and Restructuring Practice
(DBN)

Baby Birds: A Care And Feeding Guide For In-House Counsel
(DBN)

Law School Completely Wrecks State’s Bar Exam Pass Rate, As Usual
(DBN)

ABA Set to Approve More Online Credits for Law Students
(DBN)

Law School Grades Suck
(DBN)

A Cake Only A Law School Professor Could Love
(DBN)

The 2018 Gift Guide For Law School Grads
(DBN)

50 Law Schools Ask Recruiting Firms If They Require NDAs
(DBN)

New firm looks to embrace blockchain technology ethos
(DBN)

How Is Artificial Intelligence Affecting The Legal Profession? US Law Firms Line Up for AI-Driven Legal Research
(DBN)

At Mueller Probe's First Trial, Expect More Blunt Lectures From the Bench Federal judge rejects Manafort's bid to dismiss Mueller indictment DC Judge’s Ruling Does Big Damage to Manafort’s Attempt to Get Case Dismissed Trump team ready to 'pressure' Mueller at probe's one-year mark Trump to Use Mueller One-Year Mark to Blast Probe, Giuliani Says One Year Of Mueller The Untold Story of Robert Mueller's Time in Combat Robert Mueller's Most Important Accomplishment Is Mueller Investigating Cohen? Ukrainian Politician Tied to Trump Lawyer Gets Subpoena for Russia Probe
(DBN)

This Is Why Novartis Paid Trump’s Lawyer Michael Cohen $1.2 Million Trump Lawyer Cohen Dangled Policy Help, Ex-Novartis Chief Says Top lawyer at Novartis exits in wake of deal with Trump attorney Michael Cohen Former top government ethics official: Payments companies made to Trump lawyer Michael Cohen were like nothing I've ever seen Trump's lawyer asked Qatar to give millions to Trump family - report
(DBN)

Does public campaign by Stormy Daniels’ lawyer raise ethics questions? Michael Avenatti Isn’t Going To Stop Kicking A-- Just Because You Called Him An ‘Ambulance Chaser’ Avenatti is using Trump tactics to battle Trump, and it's risky Critics: Stormy Daniels Lawyer Michael Avenatti Went Too Far With Daily Caller Threat
(DBN)

Broad new protection for states’ independence
(DBN)

Fox News settles a slew of discrimination lawsuits for around $10 million
(DBN)

Lie-detecting computers equipped with artificial intelligence look like the future of border security
(DBN)

It looks like the US is getting ready to make good on a threat to separate migrant children from families who cross the border illegally Trump administration preparing to hold migrant children on military bases
(DBN)

Manhattan DA to stop prosecuting pot possession
(DBN)

Bill Cosby’s Sentencing Hearing Scheduled For September
(DBN)

Disgraced ex-San Antonio lawyer Prins gets six-year prison sentence Former San Antonio Lawyer Gets Six Years in Prison for Scamming Clients With Fake Court Rulings
(DBN)

School officials failed to send Parkland shooter to court
(DBN)

Family of Waffle House Victim Sues Shooter's Father for Allegedly Giving Seized Guns Back to Son
(DBN)

NRA Loses in Court After Complaining About Being Called ‘Offensive’ Names
(DBN)

Suspended barrister sells £4,000 ‘legal advice for life’ on Facebook
(DBN)

Police: Golf champ's wife attacked him after he bombed at tournament
(DBN)

New York’s Highest Court Avoids Deciding Whether Chimps Can Seek Habeas Corpus Relief
(DBN)

Drunk Man Stripped and Hit Officer Out of Frustration that Burger King Was Closed, Cops Say
(DBN)

Self-proclaimed workaholic billed 3,600 hours last year Not all lawyers looked kindly upon the 3,600 hours one lawyer billed
(DBN)

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Judges:

How Ruth Bader Ginsburg became a trailblazer for gender equality
(DBN)

Judge orders broadcasters to stop airing ads targeting Arkansas justice Arkansas judge bars TV ads attacking state Supreme Court justice. Is that constitutional?
(DBN)

Judge Posner Chastises District Court’s ‘Laziness’… And He’s Got A Point
(DBN)

The Inside Track – Judge James Peck
(DBN)

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Wall Street:

Dow fights for direction as traders weigh North Korea’s latest posturing Futures point to a slightly lower open as US yields climb
(DBN)

Dow’s win streak comes to a halt as stocks see biggest skid in 3 weeks
(DBN)

U.S. Treasury yields spike, sparking stock sell-off
(DBN)

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Layoffs:

Patriot National reorganization plan approved without severance pay for 250 laid-off workers
(DBN)

Deutsche Bank: One In Five US Employees Are Useless Morons…And The Other Four Hate Working Here
(DBN)

Carson's closings to bring almost 800 job cuts
(DBN)

SAISD to lay off 132 teachers
(DBN)

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Retailing:

Retail Sales increased 0.3% in April
(DBN)

Majority Of Company Leaders, Employees Leaving Toys R Us
(DBN)

Amazon threatens to move jobs out of Seattle over new tax
(DBN)

Amazon's US sales to match Walmart's within three years, JP Morgan predicts
(DBN)

To survive the apocalypse, retailers must think of retail as a service
(DBN)

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Television:

Reality check: Americans are tuning out of TV
(DBN)

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Museums:

Abraham Lincoln Artifacts May Be Sold To Pay Back Presidential Library's Loan
(DBN)

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Travel:

N---- man goes on the rampage on Alaska Airlines flight before being tackled and locked in the toilet by crew
(DBN)

Co-pilot cheats death after being ‘sucked out of cockpit window’ at 32,000ft as he’s pulled back in by ‘hero’ captain who then makes emergency landing
(DBN)

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Corporate Reform:

House expected to vote on Senate bill rolling back some bank rules next week
(DBN)

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Healthcare:

A bid to save $300 million at HCR ManorCare, and disrupt U.S. healthcare
(DBN)

Uninsured Americans Back on the Rise
(DBN)

Most Americans are one medical emergency away from financial ruin
(DBN)

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Tech:

The US Justice Department and FBI are reportedly investigating Cambridge Analytica
(DBN)

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Footwear:

How Bankrupt Rockport Says Adidas Separation Hurt Its Business
(DBN)

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Electricity:

Judge: Bankrupt company doesn't have to pay for coal plants
(DBN)

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Bankruptcy Crimes:

May trial canceled as Boulder spinal surgeon close to plea deal
(DBN)

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Economy:

US 10-year Treasury yield jumps to highest level since 2011 above 3.06% Many forces are in place that could keep pushing rates even higher U.S. Bond Yields Jump to Fresh Highs on Retail Sales
(DBN)

Something's Amiss in the U.S. Jobs Market
(DBN)

Latest Fed GDPNow forecast: 4.1 percent — May 15, 2018
(DBN)

Mortgage rates are surging to the highest level in 7 years as bond market sells off
(DBN)

Trump’s Fed nominees say they will ‘absolutely’ keep the central bank independent of the White House
(DBN)

Business inventories fall flat of expectations
(DBN)

Retail Sales Suggest U.S. Households in Good Spirits
(DBN)

Fewer Americans Are Delaying Major Life Events Because of Money Worries
(DBN)

Investors Are Wary as Companies Ramp Up Capital Spending
(DBN)

More than four out of 10 can't afford middle-class basics
(DBN)

China expects tough negotiations in trade talks with the Trump team this week Tim Cook finally reveals what he and President Trump talked about behind closed doors last month Tim Cook Told Donald Trump Not to Start a Trade War With China Larry Kudlow puts faith in Trump-Xi "bromance" Coors and Miller Lite are going to war with Trump's tariffs US Business Groups Bash Trump's China Tariffs Plan China is bringing down the global trade architecture Recent tweet highlights Trump's hot-cold stance on China Senate Democrats Warn Trump Over Any Deal on China's ZTE As US-China Trade Talks Begin, ZTE Is In The Spotlight Intel Officials: ZTE Phones a Security Risk Trump's ZTE Flipflop Puts Chinese Phone Makers on Notice ZTE Ban Is Likely to Stay in Defense Bill, Republican Says President Trump shrinks from another fight with China Is China Straight-Up Bribing Donald Trump? Did Trump blink on China to help ZTE, or his own business? Inside Trump's Meeting With Senate Republicans: President brings up trade deals the GOP keeps fretting about Trump's controversial ZTE order came days after the Chinese government provided millions to a Trump Organization-tied project Just about everything is odd about Trump’s support of Chinese firm ZTE
(DBN)

Exports from California Ports Surged in April on Trade Unease
(DBN)

Trump Can’t Tame The Trade Deficit, So He’ll Settle For Taming Wilbur Ross
(DBN)

As NAFTA Deadline Nears, Four Scenarios That Could Unfold Mexico Doesn't See NAFTA Talks Wrapping Up Before Deadline The US, Canada, and Mexico appear doomed to miss a key deadline for their massive trade deal
(DBN)

The US may be on the cusp of a 'hot, high-priced gasoline summer' Climbing Gas Prices Didn't Keep Consumers From Spring Spending Filling up the gas tank cost Americans an extra $4.4 billion in April Will $100 Oil Kill The U.S. Economy?
(DBN)

Where you live has a bigger impact on happiness and health than you might imagine
(DBN)

How Democrats are running on the economy
(DBN)

Trump-voting crab town left shell-shocked by his visa changes
(DBN)

Ranking the Most (and Least) Productive Industries
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Hovnanian fails to get enough uptake for debt swap offer
(DBN)

Homebuilders just posted their worst day in three months. Here’s what lies ahead
(DBN)

Homebuilder sentiment rises in May thanks to strong demand and tight housing supply NAHB: Builder Confidence Increases to 70 in May
(DBN)

Home prices are above their pre-recession peak
(DBN)

More than half of U.S. homes in need of updates, renovations or repairs
(DBN)

Fannie Mae to jettison 11,000 non-performing loans
(DBN)

A 'self-fulfilling prophecy' is making the housing market more hellish for first-time buyers
(DBN)

Baby boomers could be to blame for the US housing shortage
(DBN)

Weekly mortgage applications fall 2.7% even before rates spike
(DBN)

The Kilauea Volcano in Hawaii triggered the state's highest-level warning, indicating it could become 'more explosive' Kilauea's Last Major Eruption in 1924 Will insurance cover people who lost homes to Kilauea volcano?
(DBN)

Phoenix Real Estate in April: Sales down 9%, Inventory down 26% YoY
(DBN)

Springfield landlord will have to operate 417 Rentals by strict rules under bankruptcy protection
(DBN)

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Municipalities:

Agent appointed by Puerto Rico's oversight board to advocate for Cofina bondholders says she doesn't support settlement framework
(DBN)

Puerto Rico utility tactically withholding information-bond insurers
(DBN)

Puerto Rico Nervously Prepares for Hurricane Season: ‘What if Another One Comes?’ Puerto Rico is not ready for hurricane season, groups warn
(DBN)

Cell Phone Data Measures Impact of Puerto Rico’s Hurricane Exodus on Florida
(DBN)

Judge to ‘seriously’ evaluate legality of Puerto Rico Sales Tax Financing Corp.
(DBN)

The next teacher strike will be in North Carolina The Kochs Helped Slash State Taxes. Now Teachers Are in the Streets
(DBN)

Illinois: No more margin for error
(DBN)

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Oil/Gas:

New Chapter 11 Filing - Enduro Natural Resources LLC Enduro Resource Partners LLC Files Voluntary Petitions for Chapter 11 To Facilitate Sale of Assets
(DBN)

The price of oil inches towards $80 a barrel Analysts: 'We See Prices Trading Into the $80-90 Per Barrel Range' What will be the economic fallout if oil hits $100 a barrel?
(DBN)

Oil prices have come full circle since OPEC refused to cut output 3½ years ago
(DBN)

Iran and Venezuela are 'a major challenge' to avoiding oil price hikes, IEA warns
(DBN)

Oil dips on signs of ample supply despite OPEC cuts, Iran sanctions IEA Cuts 2018 Oil Demand Forecast
(DBN)

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Pharma:

FDA Commissioner Gottlieb: US could see lower drug prices if Europe pays more of its fair share
(DBN)

US state attorneys general sue Purdue Pharma over opioid epidemic Texas Sues the Maker of Oxycontin
(DBN)

After outcry, drugmakers decide not to triple the price of a cancer pill
(DBN)

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Banking:

Fed nominees slam Wells Fargo for consumer abuses and indicate bank's growth cap will be tough to lift
(DBN)

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Autos:

Tesla is falling for a 4th straight day Tesla is shutting down Model 3 production for six more days Meet Tesla's new bondholder: Billionaire George Soros
(DBN)

More Subprime Auto Borrowers Defaulting
(DBN)

Auto Loan Delinquency Index since 1992, Prime vs. Subprime Loans
(DBN)

Hedge Funds Now Own 75% of General Motors
(DBN)

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Weather:

Travel nightmares unfold in the New York tristate area as severe weather moves through the region
(DBN)

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Mining:

Bankruptcy judge hears Nashwauk mineral lease arguments
(DBN)

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Radio:

Pay for iHeart CEO Rose as Bankruptcy Loomed
(DBN)

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Celebs:

50 Cent Asks Judge To Sanction Women Who Want More Money For Concert Injuries
(DBN)

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Entertainment:

Bob Weinstein's Office Packed Up as New Owners Take Over Weinstein Co.
(DBN)

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Transit:

Scooters Are Ruining Venice
(DBN)

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Solar:

Why Sunrun Inc. May Go Bankrupt
(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 (26 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (10 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)

Chapter 11 Bankruptcy Case Studies
(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:

Bankruptcies higher across farm country
(DBN)

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SCOTUS:

Court Asked To Rule On "Assumed-Unless-Rejected" Language In Free and Clear Sale The Opinion Below
(DBN)

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Obits:

Stephen Youngman
(DBN)

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Settlement:

Clients Want To Be Involved in Settlement Negotiations: An Empirical Study’s Finding
(DBN)

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Avoidance Actions:

PA Court Finds Funds Returned to Debtor After an Actual Fraudulent Transfer Not Recoverable
(DBN)

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Personal Finance:

Half of Americans can't pass this quiz on Social Security retirement benefits
(DBN)

How much to tip in every situation, from Uber drivers to your hairstylist
(DBN)

Chances are, you’re making the same money mistakes as your parents
(DBN)

Why so many older couples get divorced
(DBN)

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Student Debt:

Worries That A Federal Student Loan Watchdog Will Be Muzzled
(DBN)

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Politics:

Forget impeachment: This is the greatest power Democrats will wield if they flip the House
(DBN)

Elizabeth Warren steals show at 2020 audition
(DBN)

Pennsylvania primaries could herald shift of power in U.S. House
(DBN)

Jones Day Partner Laura Ellsworth Loses Bid for PA Gov
(DBN)

Trump backs two successful US Senate nominees in primaries
(DBN)

North Korea threatens to cancel summit with Trump over military 'ruckus' with South Korea North Korea reportedly cancels scheduled meeting with South Korea because of US military exercises North Korea threatens to call off U.S. summit if Washington insists on denuclearization North Korea says it may blow off Trump meeting, and 'sinister' US won't make it give up nukes Trump's Iran deal pullout sends a bad message to North Korea, former UN chief says NKorea Blaming John Bolton's Libya Model
(DBN)

The White House sweeps the West Wing for banned personal cell phones to try and stop leaks
(DBN)

Trump picks brother-in-law of Senate GOP leader McConnell, Transportation secretary Chao to run pension agency
(DBN)

Trump's young Republican problem
(DBN)

Trump Puts Pence in the Corner
(DBN)

Scott Pruitt's Moves While Our Backs Turned
(DBN)

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Tech:

Facebook is slipping after announcing it disabled more 583 million fake accounts
(DBN)

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Food/Beverage:

Syracuse is 'in communication' with Tops amid chain's plan to close some stores
(DBN)

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Mass Torts:

CNA says Oakfabco bankruptcy plan would let asbestos lawyers rig the vote; Oakfabco: CNA just protecting its interests
(DBN)

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Education:

The fallout continues to develop in the ongoing bankruptcy case regarding St. Gregory’s University
(DBN)

After these buyers fell through, McNally Smith building likely will sell in June
(DBN)

Attorney general clears sale of Mount Ida College to UMass
(DBN)

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Waste:

Bankruptcy attorney helps answer Feher customers' questions about sudden shut-down
(DBN)

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UK:

New Practice Direction on Insolvency Proceedings comes into force
(DBN)

Theresa May's Brexit customs plans could be illegal
(DBN)

Magic circle firms among array of advisers accused of 'squeezing income' from Carillion MPs: Carillion board “negligent or complicit” in company failure Britain's FRC investigates Carillion's contract accounting, pensions Carillion bosses' personal greed and recklessness led to downfall -MPs Carillion Binged on Debt, U.K. Lawmakers Say in Damning Report FRC reveals details of Carillion investigation
(DBN)

Monarch administrators still pursuing agents for money
(DBN)

Male Bonuses Found Key to Gender Gap as MPs Grill Businesses
(DBN)

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PIIGS:

Italy's populists deny they'll ask for debt forgiveness after clinching power
(DBN)

Italy and the Yanis Varoufakis Effect
(DBN)

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Canada:

Exactly how much debt do Canadians think they'll ever be able to repay?
(DBN)

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MENA:

Islamic finance feels heat from $700 mln Dana sukuk saga
(DBN)

US hits head of Iran's central bank with terror sanctions
(DBN)

Analysis: The real reason for Trump's embassy relocation Gaza begins to bury its dead Nikki Haley lauds Israel for ‘restraint’ in Gaza border clashes Understanding The Map Of Jerusalem, Or Trying To Israel faces diplomatic fallout after dozens killed in Gaza Trump’s foreign policy looks a lot like Rapture Christians’ plan to welcome the apocalypse From Washington to Jerusalem: Trump fulfilled a campaign promise that others wouldn’t
(DBN)

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China:

Soft China economic data suggests a long-anticipated slowdown is setting in
(DBN)

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Japan:

Japan's economy snaps years-long growth spurt
(DBN)

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India:

India's Reliance Communications to face bankruptcy proceedings
(DBN)

Bankruptcy Imperils RCom's $3.7 Billion Deal; Shares Plummet
(DBN)

Nirav Modi scam: US court wants PNB staff probed
(DBN)

Fraud-hit lender posts largest ever Indian bank loss
(DBN)

Duff and Phelps sets up restructuring business in India
(DBN)

NCLT allows Ericsson's insolvency plea against RCom
(DBN)

Take a Rest, Punjab National. You’ve Done Quite Enough
(DBN)

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Venezuela:

Venezuela Seizes Kellogg Factory
(DBN)

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Argentina:

Problems in Argentina could spread
(DBN)

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Australia:

When terminating for an insolvency event is no longer an option
(DBN)

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