May 2, 2018

The Daily Bankruptcy News

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Law:

Gibson Brands Headlines Latest Bankruptcy Batch of Big Law Creditors
(DBN)

Cleary, Outsourcing Co. Hit With Sex Harassment Suit
(DBN)

BigLaw Beware: Boutiques Are Coming For Your Clients
(DBN)

Lawsuit against Orlando law firm KEL could become class action
(DBN)

What Football's Music City Miracle Teaches Us About Firm Operations
(DBN)

Latham’s Managing Partner Finalists Offer A Diverse Collection Of Hairstyles
(DBN)

Ashurst makes progress on women partners target with 58% female promotions round
(DBN)

Ashurst kicks off redundancy consultation with 80 secretarial roles at risk in the City
(DBN)

Are Women in Law Finally Empowered to Speak Out Against Inequality?
(DBN)

The Law Schools With The Most Unemployed Graduates (2017)
(DBN)

Law School Rankings In Ten Job Categories
(DBN)

Did The ABA Find WMU-Cooley In Compliance With Accreditation Standards As Part Of Lawsuit Settlement?
(DBN)

How Berkeley Law School Dean Set The World Cycling Record
(DBN)

Small law firm jobs shrink dramatically and big law hiring picks up for the Class of 2017
(DBN)

Schiff Hardin Adopts New Parental Leave Policy
(DBN)

$10K Sanctions For Late-Filing Atty Exposed By Instagram If You’re Lying To The Judge, Try Not To Keep A Public Instagram Account Of The Truth
(DBN)

What Every New Law Graduate Needs: A Venmo Account
(DBN)

Email Writing For The In-House Counsel Gladiator In All Of Us
(DBN)

Trump bizarrely claims Mueller doesn't plan to ask him about colluding with Russia Comey explains what would happen if Trump fired Mueller — and how it could blow up in his face Robert Mueller’s former assistant explains how grammar errors prove ‘leaked questions’ came from Trump Mueller dropped a bombshell in his list of questions for Trump in the Russia probe Comey responds to Trump saying he should be jailed, shares how he'd prosecute Trump Trump: 'Disgraceful' leak of Mueller Russia probe questions Why Did Trump’s Lawyers Leak The Mueller Questions? A Few Theories. A handful of Trump's tweets might come back to haunt him in a one-on-one interview with Mueller Mueller questions raise new hacking tangles for Trumps Mueller's big question: Did Trump campaign make first move with Russia? Mueller requests Flynn's sentencing be delayed at least two more months Manafort Attorney Says Media Leaks Prevent Fair Trial Mueller raised possibility of presidential subpoena in meeting with Trump's legal team If Trump answers Mueller's questions, it will 'end his presidency' Triggered Trump on Mueller warpath Mueller Just Hid A Major Land Mine For President Trump In Plain Sight
(DBN)

Trump doc says Trump bodyguard, lawyer 'raided' his office, took medical files
(DBN)

Rod Rosenstein Knocks Senate Pace for Confirming Main Justice Nominees Rosenstein On Impeachment Threat: The DOJ ‘Is Not Going To Be Extorted’ Preet Bharara: Rod Rosenstein's 'dramatic and defiant' response to a threat of impeachment was 'long overdue' Rosenstein Says DOJ Won't Be Extorted, Pushes Back Against Call for Removal Rosenstein Taunts GOP For Lacking ‘Courage’ to Put Names on Impeachment Papers
(DBN)

Trump requests emoluments lawsuit against him be dropped Trump Claims Foreign Money Suit Immunity
(DBN)

Football coach fired for having too many black players?
(DBN)

Gibson Dunn Goes After Harvey Weinstein Tom Brokaw’s Accuser Fights Back New Weinstein suit alleges he r----, threatened producer Lawsuit accuses Weinstein of assaulting female producer If NBC Staffers Really Were Pressured to Sign a Brokaw Support Letter, That's a Big Legal Problem
(DBN)

‘I Feel Like My Heart Has Stopped Beating:’ Kids Open Up About The Frightening New Reality Of Regular Lockdown Drills Mass shooting survivors allege law firm manager wanted their help recruiting other victims Parkland Victim’s Father Sues ‘Coward’ Deputy Who Remained Outside School
(DBN)

Cops called to apartment for ‘burglary in progress’ but find black tenant, former White House staffer moving in
(DBN)

Border Wall Is Already a Reality in This Texas Town
(DBN)

CBP: 28 Central American caravan members admitted at San Ysidro Port of Entry Next steps for caravan will unfold mostly out of public view
(DBN)

Texas, 6 Other States Sue To End DACA
(DBN)

Lawyer who helped an exoneree blow through $750K faces ethics complaints
(DBN)

2 prominent lawyers ensnared by Florida’s ‘hot potato doctrine’ are suspended for conflicts
(DBN)

Counsel Inadvertently Copies Opposing Side on 'Distasteful' Email
(DBN)

Lawyers for Pleasure Toy Companies Find Cutting-Edge Work
(DBN)

TV Director Admits to Spying on Nanny With Hidden Camera
(DBN)

Barrister fired from London firm after exchanging sex contracts with colleague and s------- her on partner’s desk takes ex-employer to tribunal
(DBN)

White Supremacist Guilty in Charlottesville
(DBN)

Sorority Allegedly P----- Pledges to the Powerful
(DBN)

Assorted Stupidity #113
(DBN)

Lawyer who blew deadline by 18 minutes gets extension based on agony of Jazz loss Lawyer Asks for Court Extension After His NBA Team Lost in Playoffs, and Judge Agrees
(DBN)

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Judges:

Split 11th Circ. Backs 343-Yr Sentence For Trying To Kill Judge
(DBN)

Backlog of illegal immigration court cases over 1 million, delayed deportations 684,000
(DBN)

Mass. Judge Tries To Duck Part Of S-- Scandal Suit
(DBN)

Fla. Judge Says Campaign Violations Were Careless, Not Evil
(DBN)

Why Some Women Are Getting RBG Tattoos
(DBN)

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Wall Street:

Nasdaq futures climb, led higher by Apple’s jump US stocks are set for a slightly higher open as earnings, Fed decision loom
(DBN)

Wall St falls as cost pressures rise, oil prices retreat Nasdaq closes higher as Apple jumps ahead of earnings Apple will buy back up to $100 billion worth of shares
(DBN)

Goldman to Pay $110M Over Forex Probes
(DBN)

Wall Street Job Exodus Growing
(DBN)

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Layoffs:

Louisiana safety-net hospital sends 770 layoff notices
(DBN)

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Politics:

Congressmen sleeping in offices cry poverty: ‘I can’t afford an apartment’
(DBN)

Kim Jong Un reportedly agrees to meet Trump at the Korean DMZ
(DBN)

Trump looks set to scrap Iran's nuclear deal — and this is where it'll hurt the most
(DBN)

Pompeo says State Department will get “back our swagger”
(DBN)

Doctor: Trump dictated letter that proclaimed he’d be ‘healthiest’ president Trump wrote his own 'astonishingly excellent' health letter, claims former doctor A Whole Bunch of Laws Were Violated by Trump’s Team if Dr. Bornstein’s Story is True
(DBN)

Crimes are no longer a disqualification for Republican candidates
(DBN)

Scott Pruitt security aide resigns, prepares to speak to Congress Scott Pruitt's Top Aides Bail EPA Quickly Report: Lobbyist helped arrange Pruitt's $100k Morocco trip
(DBN)

State of American democracy: mean
(DBN)

2018: GOP Still Running Against Hillary
(DBN)

TMZ Staffer Tears Into Kanye West to His Face After He Talks About Slavery Being ‘A Choice’ Twitter erupts after Kanye West said slavery 'sounds like a choice'
(DBN)

Secret Millions in W. Virginia Senate Race
(DBN)

Bank of Internet, Which Had Been Under Federal Investigation, Appears in Multiple Kushner Deals
(DBN)

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Currency:

Bankruptcy cannot save cryptocurrency fraudster as CFTC presses ahead with legal action
(DBN)

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Economy:

Manufacturing activity continues to decline in April; construction spending stumbles in March ISM Manufacturing index decreased to 57.3 in April
(DBN)

So, are we headed for a recession? Here’s what the Fed looks for
(DBN)

Fed could surprise markets and change investors' minds on how many rate hikes are coming Fed to Focus on Rising Inflation but Likely to Stand Pat on Rates
(DBN)

Treasury Borrowing Hits Record to Start the Year
(DBN)

Fed GDPNow Forecast: 4.1 percent — May 1, 2018
(DBN)

The Fed's favorite inflation gauges are spiking ahead of their May meeting
(DBN)

U.S. Factories Having Trouble Keeping Up With Demand
(DBN)

The dollar is doing something it hasn’t done in more than 3 decades The strengthening US dollar isn't going to last, says portfolio manager
(DBN)

Trump's Aggressive Trade Agenda Brings Heightened Tensions Trump's tariffs are causing panic among US businesses Theresa May must choose between keeping close EU ties or signing a trade deal with Trump Commerce Secretary Ross: White House won't keep extending tariff exemptions Trump May Go Too Far in Alienating Europe Apple CEO Tim Cook is 'optimistic' that trade tensions with China will be resolved China's Message to US Ahead of Trade Talks
(DBN)

Tax Cuts for the Wealthy or Food Stamps? A Cost Comparison
(DBN)

NY Times: Investment Boom From Trump’s Tax Cut Has Yet to Appear
(DBN)

'Thin ice': Top US officials are sending fresh warnings about the massive new trade deal between the US, Canada, and Mexico
(DBN)

Apple plows U.S. tax cuts into record share buybacks
(DBN)

After a full year of Trump, Main Street is poised to go on a hiring spree
(DBN)

15 popular jobs that didn't even exist 20 years ago
(DBN)

The states with the highest and lowest credit card balances
(DBN)

Companies to return a record $1 trillion to investors this year in form of buybacks and dividends, estimates S&P
(DBN)

Universal basic income: U.S. support grows as Finland ends its trial
(DBN)

California Supreme Court Rules in Favor of Gig Workers: "Employees"
(DBN)

Americans are most worried about paying for this in retirement
(DBN)

Optimism Among U.S. Small-Business Owners Remains High
(DBN)

Half of America Still Feels Effects of Meltdown
(DBN)

Real Global Unemployment Is 33%, Not 6%
(DBN)

Military spending around the globe is on the rise
(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:

March home prices make their biggest jump in 4 years—and half of the biggest housing markets are now overvalued House Prices up 7.0% Year-over-year in March
(DBN)

Single Family Mortgage Serious Delinquency Rate Decreased in March
(DBN)

MBA: Mortgage Applications Decrease in Latest Weekly Survey
(DBN)

Manafort sued for ties to former son-in-law's infamous Bel Air party pad
(DBN)

Q1 2018 GDP Details on Residential and Commercial Real Estate
(DBN)

Construction Spending decreased 1.7% in March
(DBN)

Home prices won’t slow down, stumping the experts and shutting out buyers
(DBN)

The Endgame Approaches for the Kushners’ Looming Tower
(DBN)

Here are the top 10 most expensive rental markets in the U.S.
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Municipalities:

Puerto Rico Workers Protest U.S. Plan to Slash Their Pensions
(DBN)

There Is an Alternative to Brutal Austerity in Puerto Rico
(DBN)

International Workers' Day Protests In Puerto Rico Turn Chaotic
(DBN)

In Puerto Rico, protesters and police clash as thousands march
(DBN)

How We Screwed Over Puerto Rico
(DBN)

The battlegrounds of teacher strikes
(DBN)

New Pension Intercept Law Puts Distressed Illinois Cities In The Crosshairs For Added Oversight
(DBN)

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Oil/Gas:

Boom time comes early to West Texas oil patch
(DBN)

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Autos:

AutoNation CEO: Gas prices would have to jump to stop truck and SUV sales
(DBN)

Tesla earnings to shine the spotlight on Model 3 production Tesla sued for more than $2 billion, accused of copying design of Nikola hydrogen trucks Why Tesla Is Burning Through So Much Cash
(DBN)

U.S. Light Vehicle Sales decrease to 17.15 million annual rate in April
(DBN)

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Musical Instruments:

Gibson guitar maker files for Chapter 11 bankruptcy protection Gibson bankruptcy: What went wrong, and what lies ahead for Nashville-based icon Summary: Gibson Brands Inc. Iconic guitar maker Gibson seeks bankruptcy protection despite being ‘one of the most widely recognized brand names on planet Earth’ Gibson Brands Opens $500M Ch. 11 Restructuring In Del. Gibson Files Bankruptcy in Deal to Renew Guitar Unit Guitars gently weep as Gibson seeks bankruptcy protection Guitar Fans Fret As Legendary Maker Gibson Files for Bankruptcy Gibson guitars: Through the years Gibson bankruptcy: What went wrong, and what lies ahead 5 things to know about guitar maker How guitar maker Gibson could recover from bankruptcy Gibson Brands filing for bankruptcy Gibson guitar maker sees a future with bankruptcy protection Whole lotta debt: Gibson to refocus on core music brands in Chapter 11 As Gibson Brands files for bankruptcy, are guitars out of tune with America? Here’s why Gibson is bankrupt—no, it’s not because rock is dead First Day Dec
(DBN)

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Travel:

Who does the middle arm rest belong to? The in-flight etiquette debate rages on
(DBN)

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Radio:

Cumulus Restructuring Plan Confirmed by Court
(DBN)

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Celebs:

Johnny Depp’s Ex-Bodyguards Claim Wage Violations
(DBN)

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Taxis:

Uber Drivers May Get Employment Status
(DBN)

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Distressed Investing:

Lynn Tilton Stripped of Role Leading Zohar Funds in Bankruptcy Deal
(DBN)

It’s Not 2007, and Junk Bonds Can Still Be Dancing
(DBN)

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Food/Beverage:

Tops Markets bankruptcy tab: $1.1 million and counting
(DBN)

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Pensions:

Union pension fight heats up at Capitol
(DBN)

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New Bankruptcy Opinions
(7 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (76 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (23 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)

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Fiduciary Duty:

Bankruptcy Court In Texas Held That Client Did Not Adequately Plead An Aiding and Abetting Breach of Fiduciary Duty Claim Against Former Attorneys
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Religion:

Equity v. Statute: In Bankruptcy, the Code Prevails (The Official Committee of Unsecured Creditors v. The Archdiocese of Saint Paul and Minneapolis et al.)
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Mediation:

Heavy Penalties for Sabotaging a Court-Ordered Mediation: “Unclean Hands”
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Avoidance Actions:

Avoidance Actions Can Be Key to a Successful Chapter 11
(DBN)

Courts’ Decisions Vary on Extraterritoriality of U.S. Bankruptcy Law in Avoidance Actions
(DBN)

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Tax:

No, you cannot get rid of your tax debt for pennies on the dollar
(DBN)

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Awards:

Ryan Preston Dahl Named Among Turnarounds & Workouts’ Outstanding Young Restructuring Lawyers for 2018
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Retailing:

Pharmacy chain files for bankruptcy ; will continue operating Family Pharmacy files for Chapter 11 bankruptcy, seeks sale of almost all assets
(DBN)

Some US Toys R Us Locations Could Survive After Canadian Company’s $234M Bid
(DBN)

Bon-Ton bankruptcy pinches shopping choices in smaller Wisconsin cities
(DBN)

After Bernie Sanders tweet, Amazon is now in the crosshairs of both political parties
(DBN)

Amazon plans more Prime perks at Whole Foods, and it will change the industry
(DBN)

'Hi, It's Amazon Calling. Here's What We Don't Like in Your City'
(DBN)

A new hope for the Middletown Mall
(DBN)

Reinventing The Modern Mall
(DBN)

Mall owners fight back against 'scythe-wielding grim reaper of bankruptcy'
(DBN)

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Personal Finance:

Here’s how much money you need to save each month to be a millionaire in 20 years
(DBN)

Legendary Investment Banker Richard Jenrette Left These 24 Rules for Success
(DBN)

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Tech:

Facebook announces new dating feature and Match is getting clobbered
(DBN)

Over 60 conservatives demand Big Tech end "censorship"
(DBN)

Apple's cash hoard falls to $267.2 billion Apple earnings were saved by the company’s new MVP The surprise in Apple earnings: Big growth in China
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Healthcare:

Price Tells the Truth on ObamaCare Repeal Trump's former Health secretary now thinks repealing the individual mandate will increase costs Trump’s former health secretary: Americans will pay more because GOP weakened Obamacare
(DBN)

Seniors are the health care industry's gold rush
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Entertainment:

Weinstein Co. Names Lantern Capital as Winner of Bankruptcy Sale
(DBN)

Hagens Berman and The Armenta Law Firm: Default Purchaser of The Weinstein Co. Would Leave Harvey Victims Empty-Handed Accusers Favor New Weinstein Co. Bid With $30M Victim Fund Broadway producer attempts to make late bid for Weinstein Co
(DBN)

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Fraud:

Fraud or Incompetence? How to Tell the Difference
(DBN)

Fraud Remains a Growing Concern Globally
(DBN)

Franchisee Fraud: When Fraud Threatens a Franchisor’s Good Name
(DBN)

Schneiderman tries bankruptcy route in DeSilva fraud case
(DBN)

Kerrville consulting firm accuses ex-president of manipulating company books
(DBN)

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Amusement Parks:

Lender takes possession of Schlitterbahn park at bankruptcy auction
(DBN)

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Guns:

Gunmaker's Investors Chafe at Plan to Sell Firearms Business
(DBN)

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UK:

Toys R Us creditors £1.1bn out of pocket
(DBN)

Maplin faces store closures as demise leaves creditors owed £150 million
(DBN)

Theresa May is heading for a Brexit showdown over the customs union which could sink her government
(DBN)

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EU:

S&P Global Points to 2.5% Default Rate for European Financials/Corporate by Year-End
(DBN)

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India:

Why IBC panel's new recommendations may defeat the very purpose of the law
(DBN)

We do not expect an upturn in default rates this year: Diane Vazza, S&P Global Ratings
(DBN)

IBBI seeks to ‘crowdsource’ ideas on insolvency regulations
(DBN)

Section 29A shows immaturity of bankruptcy laws
(DBN)

NCLT orders Binani Cement lenders to consider UltraTech bid
(DBN)

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MENA:

IMF warns the Middle East is facing a 'matrix of risks'
(DBN)

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China:

China's HNA sells property developer unit in $456 million deal
(DBN)

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