May 18, 2018

The Daily Bankruptcy News

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Law:

Hourly Rate Gap Widens as Top Billers Leave Others Behind
(DBN)

US legal business improving, but firms under pressure
(DBN)

Law School Settles With Female Law Professors For $2.6 Million After previously defending lower pay for female profs, DU Law School enters EEOC consent decree
(DBN)

Top law schools ask law firms to disclose arbitration agreements for summer associates
(DBN)

What Women Can Learn From Michael Cohen
(DBN)

If Only The #MeToo Movement Had Existed When This Biglaw Associate Was Assaulted At Her Firm
(DBN)

California Assembly takes on lawyer ads, unanimously passes bill that would punish misleading claims
(DBN)

It turns out that hourly rates and alternative fee arrangements are not mutually exclusive
(DBN)

Open Letter from Jewish Law Professors Protesting the Treatment of Professor Katherine Franke
(DBN)

Millions of Computers Are at Risk of Hacks That Crack Into Their Core
(DBN)

Dentons punishes trainees for snooping on NQ plans
(DBN)

'I Believed in Jeremy': Why a Small Firm Stood With a Disgraced South Florida Lawyer
(DBN)

More than 25 new legal tech AI players have emerged in past year, report says
(DBN)

When Your Clients Shoot Themselves In The Foot
(DBN)

UK legal sector needs to adapt to a 'new normal' to thrive
(DBN)

Mueller gives judge Rosenstein memo justifying Manfort probe Here's what the special counsel's Trump-Russia probe has accomplished after one year Mueller investigation enters 2nd year, where is it headed? Giuliani says Mueller 'has all the facts ... and he has nothing' on Trump Rudy Giuliani: I 'would be surprised' if Trump knew about 2016 meeting with Russians Experts bash Giuliani claim that Mueller can’t subpoena Trump Napolitano: The Department of Justice Says Trump Can Be Indicted Prof: Mueller Saying He Can’t Indict a President May Really Be a Bad Sign for Trump Trump: Report that Obama FBI spied on campaign could be 'bigger than Watergate' Mueller agrees to narrow scope of questions in bid to interview Trump Michael Cohen Scandal Goes Supernova Trump Jr. Not Sorry for Russian Meeting Ockham’s Razor And The Trump Tower Transcripts Russia probe began with FBI’s secretive ‘Crossfire Hurricane’ investigation How a Russian oligarch linked to Trump lawyer Michael Cohen turned a California state park into a mini Moscow Manafort's former son-in-law cuts plea deal with government A plane linked to the Russian government flew into the Seychelles the day before a secret meeting that Mueller is investigating
(DBN)

Did Reed Smith partner hang up on prosecutor for special counsel? Tensions erupt at hearing
(DBN)

Michael Avenatti: I'm working with at least 2 other women who say they signed NDAs with Trump Trump Admits Cohen Payment, But Not Before Former Colleague Says Stormy’s Lawyer Owes Him $2 Million Stormy Daniels' attorney Michael Avenatti accused of stiffing law partner on $2-million debt
(DBN)

Trump can’t delay lawsuit from ‘Apprentice’ contestant Could Mean Trump Will Be Forced Into Giving a Deposition
(DBN)

The Leaker of Cohen’s Bank Records May Have Just Been Paranoid About Trump
(DBN)

Trump sparks all-around backlash by calling some unauthorized immigrants 'animals' — here's the full context of what he said Trump administration arresting far more illegal immigrants without criminal convictions
(DBN)

Appeals court refuses to stay defamation suit against Trump by former ‘Apprentice’ contestant
(DBN)

A homeless man is suing Burger King for almost $1 million after being jailed for 3 months following false accusations of paying with a counterfeit $10 bill
(DBN)

Hispanic Customer Given Starbucks Order With Racial Slur Written on Cup Starbucks apologizes to customer who had a racial slur written on his cup
(DBN)

Two Arrested After Driving Black Mother and Son Off The Road
(DBN)

Woman caught on camera p------ on floor and throwing it at employee
(DBN)

Las Vegas gunman Stephen Paddock ranted about FEMA camps, Waco before concert massacre, witnesses say
(DBN)

California couple waterboarded kids, authorities say
(DBN)

Boulder, Colorado, unanimously votes to ban assault weapons, high-capacity magazines Gun owners support a wide range of gun control measures, Johns Hopkins study finds
(DBN)

Trump to revive 1980s law banning federally funded clinics from discussing abortion
(DBN)

Lawyer denies selfie-stick use on neighbor
(DBN)

Oklahoma Woman Mauled To Death By Pack Of Dachshunds
(DBN)

After High School Coach Arrested for Abuse, Six Teens Wrecked Homes of Alleged Victims, Police Say
(DBN)

Florida Woman’s Smiling Mugshot Triggers Public Outcry After Lethal DUI Accident
(DBN)

Aaron Schlossberg Is Having A Delightfully Bad Day 'Shark Tank' star Kevin O'Leary: New York lawyer whose racist rant went viral is 'an idiot' Lawyer’s firm gets bad Yelp reviews after he is named as man in video ranting about Spanish-speakers Backlash Mounts Against Attorney Whose Racist Rant Went Viral Could Racist Rant Lawyer Lose Legal License? NYC Atty Threatening To Call ICE Faces Complaint From Pols Racist Lawyer Once Accused American Man of Being 'Foreigner' on Video
(DBN)

Royal wedding: Suits actors arrive in London for former co-star’s big day
(DBN)

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Judges:

EDNY Bankruptcy Court Policy to Provide Opportunities for Courtroom Skills Development
(DBN)

Sorry, Chuck, But Justice Kennedy Doesn’t Need Your Help Choosing A Retirement Date
(DBN)

Judge who blocked ads targeting Arkansas justice recuses, along with every other judge in his county
(DBN)

U.S. Courts Celebrate Law Day
(DBN)

Notice of Adoption of the New Federal Law Clerk Hiring Plan
(DBN)

5 reasons why Anthony Kennedy might stay
(DBN)

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Wall Street:

Stock market set to move higher with trade talks, yields in the spotlight
(DBN)

Stocks close lower as Trump says China trade talks may not be successful
(DBN)

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Layoffs:

Yonkers school trustees vote to lay off 251
(DBN)

Union schools facing 200 layoffs
(DBN)

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Politics:

The US reportedly called Kim Jong Un's bluff by demanding its nukes — and North Korea is flipping out Trump says he would protect Kim Jong Un if North Korea agreed to get rid of nukes
(DBN)

The scramble to salvage the Iran deal
(DBN)

Sanders doubles down on Trump's "immigrant animals" comment Debate: What Did Trump Say on Immigrants? Ryan Tries to Stop GOP Revolt on Immigration Trump says he'll 'always' refer to MS-13 as 'animals' amid backlash
(DBN)

Senate Intel's Russia report proves Congress can still do bipartisanship
(DBN)

Senators Grill Pruitt on Spending, Security
(DBN)

Bill Gates says that Trump asked him the difference between HIV and HPV
(DBN)

A White House aide taped meetings with Trump so that he could replay it to impress his friends
(DBN)

White House declines to apologize for aide's morbid remark about John McCain, pushes to fire leakers
(DBN)

Ex-Facebook, Equifax Lawyer Now in Charge of Investigating Them
(DBN)

Republicans Are Still Running Against Colin Kaepernick
(DBN)

Candidate for SF County sheriff accused of abusing bankruptcy system
(DBN)

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Guns:

Remington Exits Chapter 11 Bankruptcy Gunmaker Remington Exits Bankruptcy in Tough Firearms Climate Remington exits Chapter 11 bankruptcy in less than two months
(DBN)

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Personal Finance:

10 millennials share how much they have to spend on weddings this year
(DBN)

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Travel:

How airplane cabins got to be so cramped
(DBN)

Watch List Shields T.S.A. Screeners From Threatening, and Unruly, Travelers
(DBN)

NYC to LA in Under Three Hours
(DBN)

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Economy:

US weekly jobless claims rise; unemployment rolls smallest in 45 years Weekly Initial Unemployment Claims increase to 222,000, 4-week average lowest since 1969
(DBN)

Leading indicators up for sixth straight month
(DBN)

Wage growth is anemic, and that’s all you really care about
(DBN)

Philly Fed Manufacturing Survey "Suggest a pickup in growth" in May
(DBN)

How Firms are Spending Tax Cuts (Not Hiring) How GOP's Tax Reform May Hurt Small Biz Companies are raking it in from the Trump tax law — and it's a big win for both Democrats and Republicans
(DBN)

Warren Buffett: Interest rates are the 'most important' thing in determining stock values
(DBN)

NY Fed Q1 Report: "Total Household Debt Rises for 15th Straight Quarter, Led by Mortgages, Student Loans"
(DBN)

U.S. Household Wealth Rises Largely Among High-Credit-Score Borrowers
(DBN)

How Much Money You Need to Feel Wealthy
(DBN)

Legislation to Curb Chinese Deals Moves Through Congress Farms, Factories Won't Meet U.S. Goal to Cut China Deficit US, China launch trade talks to avert tariff war, economic damage Trump voices doubts about China trade negotiations Trump: I 'doubt' China trade negotiations will succeed FBI Chief Concerned About ZTE Senate Republicans are warning Trump about the risks of his plan to get Chinese smartphone giant ZTE back in business Krugman: Did China Just Bribe Trump to Undermine National Security? The U.S.-China Rivalry Is Just Getting Started EU to reactivate 'blocking statute' against US sanctions on Iran for European firms China is reportedly offering Trump a $200 billion trade-deficit reduction package, and the US's largest exporter is poised to be the biggest winner China says it did not offer Trump a deal to slash the trade gap by $200 billion China disputes reports it offered U.S. $200 billion trade cut
(DBN)

Tensions between Mnuchin and China hawk Navarro cloud Trump team's trade talks with Chinese officials Trump's economic team is coming undone at a critical moment
(DBN)

Canada 'positive' on NAFTA, Mexico says deal possible by end of May 'It would be a disaster for Texas' Trump misses NAFTA deadline as trade policy flounders ‘Nowhere near’ close to NAFTA deal, U.S. negotiator says
(DBN)

Japan Considers Retaliation Against U.S. Steel Tariffs
(DBN)

Utah and Georgia residents enjoy biggest income gains in U.S. How did your state do?
(DBN)

Millennials haven’t saved two years’ salary — they’ve saved one week’s worth Want to make millennials mad? Talk about saving for retirement
(DBN)

The Entire Economy Is MoviePass Now. Enjoy It While You Can
(DBN)

U.S. Birth Rate Drops to Record Low Americans are having fewer kids than ever before, fueling fears of a 'demographic time bomb'
(DBN)

Infrastructure Built Our Middle Class
(DBN)

The 10 cities with the most billionaires
(DBN)

The pope warns of ‘a ticking time bomb’ about to explode in the market
(DBN)

The number of 401(k) plan millionaires hits a new high
(DBN)

The real reason why so many people are working 'side hustles'
(DBN)

Central bankers are like ‘pyromaniac firefighters’ and they are lighting another blaze
(DBN)

How Baby Boomers Broke America
(DBN)

Hotels: Occupancy Rate increases Year-over-Year, On Pace for Record Year
(DBN)

People who live in small towns and rural areas are happier than everyone else, researchers say
(DBN)

The Jobs That Are Getting Priced Out of Superstar Cities
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

US 30-year mortgage rates hit 7-year peak -Freddie Mac Mortgage rates reach seven-year high in a housing market reckoning
(DBN)

Update: Housing Inventory Tracking
(DBN)

Fed's Kashkari laments lack of affordable housing but doesn't see bubble
(DBN)

An explosive eruption hit the Kilauea volcano in Hawaii, blasting a dangerous ash plume over the island It will be months before lava from Hawaii volcano can be removed from neighborhoods
(DBN)

Jared Kushner's family company is nearing a major real estate bailout with a company tired to Qatar's government
(DBN)

The mysterious $1.5 million apartment Melania Trump owns in Trump Tower
(DBN)

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Municipalities:

Ten years after Chapter 9 filing, Vallejo looks ahead
(DBN)

Justice Department Seeks Ouster of Top Puerto Rico Prosecutor
(DBN)

Why a court's Puerto Rico decision could cost issuers billions
(DBN)

Detroit’s Expanded Plan to Spread the Wealth to Neighborhoods
(DBN)

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Oil/Gas:

Oil Is Above $70, but Frackers Still Struggle to Make Money Why surging oil prices don’t always mean big profits for U.S. shale producers OPEC sees oil rally towards $80 as short-term spike, not supply-driven Brent crude hits $80 a barrel in London
(DBN)

Enduro Resource Partners owned by prominent Fort Worth oil family files for bankruptcy Delaware Organizational Meeting – Enduro Resource Partners LLC
(DBN)

Fifth Circuit Issues Decision Concerning Overriding Royalty Interests and Louisiana Oil Well Lien Act Claims
(DBN)

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Autos:

Goldman: Tesla may need $10 billion in fresh cash in the next 18 months The Overlooked Reason Why Tesla's Bankruptcy Is Unlikely: SpaceX
(DBN)

NHTSA Demands Meetings with Top Automakers Following Takata Recall Failures
(DBN)

Lengthy auto loans are on the rise
(DBN)

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Pharma:

The FDA is calling out drugmakers it says are 'gaming' the system to delay competition
(DBN)

'Outrageous' drug prices are a fair trade issue: Mt. Sinai CEO
(DBN)

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Fraud:

Buyer Beware: Hundreds of New Cryptocurrencies Show Hallmarks of Fraud
(DBN)

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Healthcare:

The health care industry is awash in cash
(DBN)

Blue Cross removing Stokes hospital from in-network status amid fraud claims
(DBN)

Checking up on hospital price inflation : Rising medical costs are not a foregone conclusion
(DBN)

Mounting evidence suggests that drinking diet soda is linked with chronic, serious health issues
(DBN)

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Climate:

Trump’s NASA Chief: 'I Fully Believe and Know the Climate Is Changing' House Moves to Restore NASA Climate Program
(DBN)

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Accounting:

KPMG chairman admits profession is "oligopoly"
(DBN)

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Corporate Reform:

Ending Disparate Enforcement at Consumer Financial Protection Bureau
(DBN)

Mulvaney’s CFPB Rebranding Influenced by Democrat, Emails Reveal
(DBN)

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Celebs:

‘Catwoman’ Jocelyn Wildenstein Begs Friends to Help with Money, Bankruptcy Filing Reveals Claims she has no savings or stock and begs pals for cash 'after squandering her $2.5 billion divorce settlement
(DBN)

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New Bankruptcy Opinions
(8 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (22 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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Consolidation:

Eighth Circuit Holds that Non-Profit, Non-Bankrupt Entities are Insulated from Substantive Consolidation
(DBN)

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Advisors:

McKinsey manages to get itself sued for racketeering
(DBN)

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Cross-Border:

Chapter 15: Decision Reviews Jurisdictional Issues and Bankruptcy Code Section 109
(DBN)

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Litigation:

#SoWhiteMale - Federal Civil Rulemaking
(DBN)

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Banking:

Wells Fargo Employees Altered Information on Business Customers' Documents
(DBN)

Deutsche Bank's cost-cutting is so savage that it's even stopped buying fruit for its staff Christian Sewing Ascribing To A “Let The Bridges I Burn Lead The Way” Philosophy In Managing Deutsche Bank’s US Operations
(DBN)

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Retailing:

JC Penney shares tank on sales decline, profit outlook slashed Why J.C. Penney Company Inc Stock Tumbled J.C. Penney gets burned by a cool spring
(DBN)

The New Dawn of Retail: Apocalypse or Evolution?
(DBN)

Walmart beats on earnings and revenues as US e-commerce push pays off
(DBN)

Whole Foods' new discounts for Amazon Prime members are more evidence of the death of the middle class
(DBN)

This is what happens when a grocer challenges Amazon
(DBN)

Nordstrom Q1 profit beats analysts Nordstrom beats and raises guidance — but shares are down 6% as comp sales miss
(DBN)

Inside the Steinhoff meltdown
(DBN)

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Religion:

Pope says financial derivatives are a 'ticking time bomb'
(DBN)

34 Chilean bishops offer resignation to Pope over abuse scandal
(DBN)

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Corporate Reform:

A lawyer who represented Facebook in data breach matters will lead key consumer protection unit
(DBN)

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Pensions:

SOA projects 115 multiemployer plans to be insolvent in 20 years
(DBN)

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Tech:

Cambridge Analytica files for Chapter 7 US bankruptcy Cambridge Analytica Files U.S. Bankruptcy After Data Scandal
(DBN)

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Media:

Gawker site finds bidder after court approves settlement with billionaire Thiel
(DBN)

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Boating:

Oyster Yachts Back in Business After Bankruptcy
(DBN)

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Gambling:

Sports Gambling and U.S. Constitution: The Ball is Back in Congress’s Court (Murphy v. NCAA)
(DBN)

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Student Debt:

New Jersey: End of Debt Nightmare in Sight for Students Who've Defaulted on Loans
(DBN)

Is The Student Loan Crisis Over?
(DBN)

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UK:

More Than a Third of Real Estate Deals Fall Through in the U.K.
(DBN)

Chantelle Connelly declared bankrupt after quitting Geordie Shore
(DBN)

34 Carluccio’s restaurants to close after it announces CVA
(DBN)

Insolvency Litigation: recent cases and issues - May 2018
(DBN)

Returning Mothercare boss takes 20% pay cut to lead ailing firm's turnaround Mothercare plc announces CVA proposal
(DBN)

The EU tells Theresa May her Brexit border plan isn't good enough to secure a deal
(DBN)

No wonder Meghan hasn’t invited them
(DBN)

Prince William - How Rich Is The Future King? Meghan Markle Net Worth - How Rich Is The Future Princess? Prince Harry Net Worth - How Much Money Does The Royal Party Boy Have? Kate Middleton Had A Healthy Net Worth Even Before She Married Prince William
(DBN)

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PIIGS:

Goldman Sachs is turning sour on Italy as the populists take control Italy’s Populists Furious That Bond Spreads Are Trying To ‘Blackmail’ Them, But The Real Victim Here Is Price Discovery
(DBN)

Trump’s Iran Move May Swamp Greece
(DBN)

Greece’s Latest Round of Pension Cuts Are Revealed, so Top Judge Quits
(DBN)

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Canada:

Cliffs Pensioners, Former Workers Recover 60% of Pension Shortfall
(DBN)

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Argentina:

Argentina's Economy Is Near Crisis. Will a Bailout Be Big Enough, Fast Enough? Argentina's new financial crisis has some haunting similarities to its last one, but also some key differences
(DBN)

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MENA:

Russia moves to sell jets to Iran after Trump exit from nuclear deal
(DBN)

Reports reveal Qatari attempts to influence Trump administration
(DBN)

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India:

NCLT rejects RCom's plea for stay on insolvency order
(DBN)

180 days too long for resolving insolvency , says IBBI member
(DBN)

India RCom's settlement with Ericsson over dues unlikely for now - sources
(DBN)

Is India Creating Jobs or Not?
(DBN)

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Argentina:

That 100-Year Argentine Bond Not Looking So Great Now
(DBN)

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