May 17, 2018

The Daily Bankruptcy News

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Law:

Law Firm Optimism Up as Pressures Remain on Rates, Cybersecurity: Survey
(DBN)

Some Lawyers Chafe as Clients Expand Outside Counsel Guidelines
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Citi Report: Demand, Revenue Declined at Texas Firms During First Quarter
(DBN)

In-house counsel offered guidance on buying legal tech
(DBN)

New Survey Paints Picture of Innovation and Technology at Law Firms
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Change Is Easy, Leaving Is Hard: My Journey from Big Law
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Burnt out: new research highlights impact of long working hours on lawyers' mental health
(DBN)

New Initiative Aims for 100 Black GCs at Top Companies by 2025
(DBN)

The Youngest Person To Ever Graduate From An American Law School
(DBN)

Suing the ABA Over Accreditation? Get In Line Another Law School Goes To The Dark Side And Will Accept The GRE Second Law School Represented By Kirkland & Ellis Sues ABA Alleging Arbitrary Enforcement Of Accreditation Standards
(DBN)

Another Terrible Law School Has Sued The ABA For Pointing Out That It’s Terrible
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I Could Have Saved A Ton of Money If I Graduated Law School In Two Years
(DBN)

ABA Set To Double (To 30) The Number Of Credits Law Students Can Earn Online, Including 10 For 1Ls
(DBN)

Bringing More Women To The Profession By Generating Interest Early
(DBN)

'I had chest pains, my vision went and I was on the floor' - Partner on his mental health breakdown
(DBN)

The Senate just released roughly 1,800 pages of interviews about Donald Trump Jr.'s 2016 Trump Tower meeting with a Russian lawyer — here are the highlights Trump Jr. Claimed He Didn't Know 186 Things Testimony: Lawyer for Trump Jr. tried to coordinate statements about Russian lawyer meeting 7 Things We Learned from Trump Tower Docs Donald Trump Jr. responds to Senate Judiciary Committee document dump The 8 people who were in the room when Donald Trump Jr. met with the Russian lawyer at Trump Tower to get dirt on Clinton What the cryptic notes Paul Manafort took on his iPhone during the Trump Tower meeting could mean Scaramucci reached out to publicist who set up Trump Tower meeting with Kremlin-connected lawyer Inside Anthony Scaramucci's connection to Rob Goldstone, the man who set up the 2016 Trump Tower meeting The Lingering Mysteries of a Trump-Russia Conspiracy
(DBN)

Trump Discloses Reimbursing Lawyer Linked to Stormy Daniels Payment Disclosure of Trump Reimbursement to Cohen May Raise More Legal Questions Than It Answers Trump Stormy Daniels Payment Sent to Justice Department Trump lists reimbursement to Cohen; ethics office says disclosure was required Trump's financial disclosure gives conflicting accounts of Cohen payment Trump just revealed the Michael Cohen payment on his financial disclosure form, which introduces a bunch of new headaches Rudy Giuliani: Trump's financial disclosure 'vindicates our position' on the Michael Cohen-Stormy Daniels payment Stormy Daniels' Attorney Finds Himself In Hot Water Over Coffee Shop Chain Tax Consequences Of The $130,000 Payment To Stormy Daniels
(DBN)

Rudy Giuliani dropped a major hint about the Trump legal team's endgame for Mueller's investigation Giuliani: There May Have Been FBI Spy in Trump Campaign Giuliani: Mueller lawyers say they won’t indict a sitting president
(DBN)

The man who leaked Michael Cohen's financial info did so because other information on Trump’s lawyer mysteriously disappeared Here's the Real Reason Cohen's Bank Records Were Disclosed and Who Did It 'Missing' suspicious activity reports show millions more dollars were funneled through accounts linked to Michael Cohen General counsel at Novartis to retire after acknowledging payments to Cohen were an ‘error’ FBI Probing Cohen's Deal with Korean Firm Judge Orders Cohen to Show Why Avenatti Shouldn't Appear in NYC Court
(DBN)

The FBI's Trump-Russia investigation had a secret codename based on a Rolling Stones song FBI held secret interview with Australian ambassador in 2016 as part of Trump investigation Mueller issues grand jury subpoenas to Trump advisor's social media consultant GOP Congressmen Demand that DOJ Turn Over Russia Probe Docs Trump congratulates America on 1 year anniversary of Mueller's "Witch Hunt"
(DBN)

Report on DOJ's Handling of Clinton Email Probe Nears Release
(DBN)

Pro-Trump Jewish Lawyer Caught Ranting About People Speaking Spanish In New York Deli Jerk Videotaped Threatening To Call ICE On Two Women Speaking Spanish TO EACH OTHER — Obviously He’s A Lawyer After New Yorker's racist rant goes viral, his law firm gets pummeled with 1-star Yelp reviews ‘My next call is to ICE!’: A man flipped out because workers spoke Spanish at a Manhattan deli
(DBN)

New York Finally Has A Woman Attorney General And She Is Incredibly Qualified
(DBN)

Parkland's Coward Cop Gets $96,000 Pension
(DBN)

Justices bypass new claim of gun rights
(DBN)

AL: Church sign says 'black folks need to stay out of white churches'
(DBN)

Michigan State to Pay Nassar Abuse Victims $500 Million Michigan State agrees to $500M settlement with victims of Larry Nassar
(DBN)

HBO is making a series that will 're-examine' the murder case of the 'Serial' podcast
(DBN)

Inside Why NBC Silenced Farrow on Weinstein
(DBN)

25-Year-Old Man Allegedly Posed as a Teen to Play High School Basketball
(DBN)

Being a corporate lawyer is a ‘b------- job’, argues professor
(DBN)

Trump: Illegal Immigrants Are Animals
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Judges:

Posner brief accuses judge of laziness for copy-and-paste order
(DBN)

Where Can You Get A Ruth Bader Ginsburg Action Figure?
(DBN)

Need To Replace A Legal Luminary? Look To Skadden
(DBN)

Bye-Bye To Blue Slips
(DBN)

21 Trump Appellate Nominees Now Confirmed
(DBN)

Supreme Court Justices Don't Like to Be Nudged Off the Bench
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Wall Street:

U.S. stock futures slip as bond yields remain elevated
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Stocks stage rebound as traders shake off rising bond yields
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One of Wall Street’s favorite forecasts for the US economy is looking red-hot, but it may not last
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Layoffs:

Carson's to Lay Off Over 1,800 Workers
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Retailing:

Macy's has figured out the formula to survive the retail apocalypse
(DBN)

Amazon has started rejecting cities' proposals for its 2nd headquarters
(DBN)

What does Amazon see in Sears?
(DBN)

Americans are feeling good about shopping, and Macy's survival might depend on it
(DBN)

Samuels Jewelers taps turnaround adviser: sources
(DBN)

A&G tapped to sell off bankrupt Bon-Ton assets
(DBN)

Bankrupt Toys R Us Is Auctioning Off Hundreds Of Domain Names in Fire Sale
(DBN)

Toys 'R' Us demise could spur merger boom in U.S. toy market
(DBN)

Retailers' global expansion cools, CBRE study finds
(DBN)

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Healthcare:

Bankrupt health care company’s execs accused of making up phony customers
(DBN)

The Burden Of Medical Records During Bankruptcy
(DBN)

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Electricity:

Judge allows bankrupt FirstEnergy Solutions to exit power plant co-op
(DBN)

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Museums:

Hammons bankruptcy plan OK'd: What's next for Hammons Field, Hall of Fame, JQH Arena
(DBN)

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Internet:

The US Senate votes in favor of restoring the FCC's net-neutrality rules Senate votes to save net neutrality; resolution faces uphill battle in the House What is net neutrality? Why you should care that the Senate just voted to reinstate it
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Brands:

Cherokee Has Nowhere To Go But Down
(DBN)

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Economy:

U.S. Industrial Production Rose 0.7% US manufacturing output rises, while past months were revised lower
(DBN)

The 99% Is a Myth—Here's How It Breaks Down The 9.9 Percent Is the New American Aristocracy
(DBN)

Want to Balance the Budget? We’ll Need 5% Growth to Get There
(DBN)

Companies Can't Hold the Line on U.S. Wages Much Longer
(DBN)

GOP Tax Cut Not Why Economy Is Booming: Economists Are Rolling Their Eyes At Candidates’ Claims
(DBN)

The U.S. spends less on children than almost any other developed nation
(DBN)

At top of the Fed, a dispute on policy picks up steam
(DBN)

Trump appears to backtrack on sanctions relief for Chinese tech giant ZTE amid escalating concerns Trump says his push to save ZTE is part of a 'larger trade deal,' contradicting administration stance GOP sen: Possible deal with ZTE 'a bargaining chip for Trump' Trump says 'nothing has happened' with ZTE Trump denies he's been too generous with China in trade talks Trump tweets: China has 'much to give' in trade negotiations Trump's Indonesian Partner Says Has Not Signed China Loan Deal Trump Balks At Help for Chinese Phone Firm Lawmakers Push Back on Trump's Help of ZTE Keep ZTE Out of China Trade Talks
(DBN)

Corporate America to President Trump: Give us tariff relief US firms angle for tariff waivers President Donald Trump faces China trade war choice U.S. Workers Already Feel the Effects of U.S.-China Trade Tensions Tough negotiations as US-China trade talks kick off, but there's scope for compromise Merkel says the EU is now ready to discuss cutting trade tariffs with Trump — but with some caveats EU Hardens Against Trump With United Stand on Trade and Iran Trump 'flip-flops' so much over China and trade it's hard to pick stocks, economist says Japan is reportedly planning retaliatory tariffs against the US Trump Advisor's Screaming Match in China Top Trump trade officials still at odds after profane shouting match in Beijing Peter Navarro Sidelined From China Trade Talks
(DBN)

Trump's Goal for NAFTA Rewrite Looks Unattainable in 2018
(DBN)

Trump rails against immigrant ‘animals,’ says Mexico ‘does nothing for us’
(DBN)

Why the GOP's SNAP cuts will leave your waitress going hungry
(DBN)

What the War on Terror Has Cost
(DBN)

U.S. fertility rate lowest in 40 years
(DBN)

Krugman: America’s Dismal Turning Point: 1980
(DBN)

Number of billionaires soars worldwide
(DBN)

US Debt Clock
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World Debt Clock
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How People Really Live
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Real Estate:

Landlord Liens: When Is Waiver and Subordination Not Waiver and Subordination?
(DBN)

U.S. Housing Starts Dropped in April US home building tumbled in April, while permits fell Comments on April Housing Starts
(DBN)

MBA: Mortgage Delinquency Rate decreased in Q1
(DBN)

Hot U.S. Housing Bonds Are Getting Riskier
(DBN)

Phoenix Real Estate in April: Sales down 9% or up 4%?
(DBN)

The American Housing Crisis Might Be Our Next Big Political Issue
(DBN)

Before-and-after photos show the destruction from the ongoing volcanic eruptions in Hawaii Hawaii's Kilauea Volcano is causing earthquakes after shooting out 'ballistic blocks' three times larger than bowling balls
(DBN)

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Municipalities:

Puerto Rico creditors say time is up for probe of financial crisis
(DBN)

Dire warnings for Puerto Rico as battered island faces new hurricane season
(DBN)

North Carolina Teachers Protest, Exposing a Rural-Urban Divide North Carolina Teacher's Strike Grows
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Oil/Gas:

NightHawk Energy US Subsidiary Files For Chapter 11 Bankruptcy New Delaware Chapter 11 Filing – Additional Affiliates of Nighthawk Royalties LLC, et al.
(DBN)

Rex Energy to File for Chapter 11 as Lender Talks Come Up Short
(DBN)

New Delaware Chapter 11 Filing – Enduro Resource Partners LLC
(DBN)

Oil's Price Rally Not Supply Driven IEA cuts demand forecast as $70 oil takes a toll
(DBN)

Oil hits $80 a barrel on concerns about a drop in Iran exports Oil prices could rise to $85 a barrel by July, warns energy expert Dan Yergin Crude oil to hit $90 a barrel as diesel, jet fuel demand soars, Morgan Stanley predicts The Regulations That Could Push Oil Up To $90
(DBN)

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Corporate Reform:

Trump wants to roll back banking regulations meant to prevent the type of risky behavior that crashed markets a decade ago
(DBN)

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Tourism:

Bookings to Hawaii drop 50 per cent following Kilauea volcano eruption
(DBN)

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Travel:

A Delta passenger is going to jail for two years after punching a flight attendant and hitting another passenger with a wine bottle
(DBN)

After fatal accident, Southwest Airlines inspects 35,000 engine fan blades and finds no flaws
(DBN)

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Golf:

Matanzas Golf Group Files for Bankruptcy, But Palm Coast Ownership Faces Numerous Hurdles
(DBN)

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Farming:

Lost Valley Farm's owner seeks to sell dairy
(DBN)

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Food/Beverage:

Tops Friendly Markets to close its underperforming stores
(DBN)

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Banking:

Here's how the Swiss plan to change the face of the global financial system would actually work
(DBN)

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Autos:

Tesla's Biggest Fans Just Flipped Feds opens probe into Tesla crash in Utah Tesla needs $3 billion, one analyst says. But what good would it really do?
(DBN)

Ford to resume F-150, Super Duty production
(DBN)

Illegal Repo Practices
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Education:

Mount Ida official tells Senate, ‘We had a perfect storm of failures’ Maura Healey vows to investigate Mount Ida deal College officials may face subpoenas from panel on closure
(DBN)

McNally Smith building nears sale
(DBN)

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Fraud:

Founders of cryptocurrency backed by Floyd Mayweather indicted for fraud
(DBN)

Former CEO, CFO And Director Of Healthcare Services Company Charged In Elaborate $300 Million Investment Fraud Scheme
(DBN)

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Tech:

Cambridge Analytica Whistleblower's Secrets
(DBN)

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Distressed Investing:

With Little Distress to Feast On, Here's How Vulture Funds Cope
(DBN)

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Debt Collection:

Creating a Circuit Split Regarding the Fair Debt Collection Practices Act: Rotkiske v. Klemm
(DBN)

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Celebs:

Kwame Brown Is Suing His Financial Advisors For Taking Nearly Half Of His Net Career Earnings
(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 (13 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (6 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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Cross-Border:

If You Don’t Succeed in Anguilla, Should You Try Again in the US?
(DBN)

Bad Faith and Misconduct Not a Bar to US Recognition of Hong Kong Liquidation Case
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Personal Bankruptcy:

Why The No-Look Fee In Bankruptcy Harms Us All
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Miscellaneous:

Links for Restructuring Professionals to Key Cases, Articles, and News Briefs for April 23-30, 2018
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Litigation:

Q&A: An interview with David W. Rivkin
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Politics:

Trump still owes lenders including Deutsche Bank as much as $480 million
(DBN)

North Korea Balks at Hard Line on Nukes, Widening Gap A bizarre, threatening statement from Trump's hawkish security adviser may have derailed the North Korea talks North Korea unlikely to withdraw from talks with President Trump, experts say Trump Shows Flexibility on North Korea Talks After Kim’s Threat Trump's national security adviser John Bolton has advocated bombing North Korea — and he may be sabotaging talks North Korea's Dangerous Game of Telephone With the United States South Korea wants to be mediator to North Korea and US: Official
(DBN)

Senate Panel Says Moscow Tried to Aid Trump, Breaking With House Senate intel panel breaks with Trump and House Republicans, concludes Russia meddled in the 2016 election to help Trump and hurt Clinton
(DBN)

Trump Files Ethics Disclosure
(DBN)

Trump gets credit for beliefs and getting things done
(DBN)

Rex Tillerson, the former secretary of state Trump fired, is back and he's throwing jabs at the president Tillerson warns of ethical crisis among U.S. leaders in speech
(DBN)

Trump's Rules for Political Grifting
(DBN)

Gina Haspel Confirmed to Head CIA
(DBN)

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Coal:

US agency asked to investigate miner’s reclamation bonds
(DBN)

Solar Beats Coal on U.S. Jobs
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Religion:

Is religion is gaining new life in U.S.?
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Student Debt:

There’s no denying it — a student loan crisis is coming
(DBN)

CFPB to Fold Watchdog Office That Oversees Student Loans
(DBN)

Firm accused of teaching former students to avoid paying loans by suing
(DBN)

When it comes to student debt, it’s really a matter of wealth
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Mass Torts:

Wisconsin’s Uniform Fraudulent Transfer Act Found Not Applicable in Successor Liability Case Against Refractory Manufacturer
(DBN)

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Accounting:

EY Canada falls foul of US watchdog
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Maritime:

The potential for another Hanjin is still there, right?
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Gambling:

Legal Sports Betting is About to Sweep the Nation. Services for Gambling Addicts Probably Won’t.
(DBN)

U.K. betting companies warn of financial hits
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UK:

Insolvency in construction: Looking ahead and minimizing risks
(DBN)

'Cosy club' of lawyers and accountants slated by UK parliamentary group
(DBN)

MPs slam Slaughter and May’s ‘bogus’ gender pay stats, but firm followed regulations
(DBN)

Audit giants face fresh calls to be broken up, in UK MPs’ scathing Carillion report
(DBN)

Theresa May reportedly wants to stay in the customs union for years after Brexit
(DBN)

Mothercare to close 50 outlets and reinstate ousted CEO Mothercare plans store closures to revive sickly UK child
(DBN)

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EU:

Festivals: G3 Presents files for bankruptcy
(DBN)

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PIIGS:

Italy is thinking about taking a $250 billion write down and that has traders starting to freak out about Greece What will Italy's next government mean for its mountain of debt? Italy Gets a Taste of Boris Johnson's Cake Italy’s Populists Drop $300 Billion Debt Writeoff in Almost-Final Policy Plan
(DBN)

Greek bailout review already coming up against obstacles
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Brazil:

New York court to hear shareholder objections to Oi bankruptcy plan
(DBN)

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India:

RCom share crashes as NCLT move puts deal with RJio under cloud
(DBN)

Quality, competence drive choice of the resolution professional
(DBN)

Bhushan Steel takeover to have positive impact on other stressed assets: S&P
(DBN)

Four farmers commits suicide
(DBN)

Crony capitalism in India has come to an end with the new bankruptcy code
(DBN)

Jaypee Infratech Now On Life Support As Supreme Court Stays Liquidation
(DBN)

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Sweden:

Nextjet files for bankruptcy, Europe’s northernmost cross-border flight stops Swedish airline cancels all flights after filing for bankruptcy
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Venezuela:

Venezuela's Creditors Are Cutting Its Crude-Oil Lifeline
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France:

Air France Finally Has the Go-Ahead to Fix Itself or Fail
(DBN)

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Hong Kong:

Winding Up Is Generally Not Available Where There Is An Arbitration Clause.
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