May 22, 2018

The Daily Bankruptcy News

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Law:

Half of firms miss billing goals and majority of partners resist change, says new survey
(DBN)

Managing Partners' Frustration Mounts as Law Firm Innovation Stagnates
(DBN)

Law Firms Are Doing Just Fine, And That's The Problem
(DBN)

Top 14 Law Schools Demand That Law Firms Disclose Summer Associate Arbitration Agreements
(DBN)

Reed Smith expands ‘Innovation Hours’ program
(DBN)

Ogletree Harassment Row Likely Headed To Arbitration
(DBN)

ABA 'Furiously Working' to Craft Proposal on Lawyers' Mental Health
(DBN)

For More Diversity, In-House Legal Leaders Say: Be Intentional, Show Bottom-Line Benefits
(DBN)

Government Disclosures Shed Light on Big Law Salaries
(DBN)

Suing The ABA Over Law School Accreditation? Get In Line
(DBN)

The Law School That Finally Opened Their Doors To Women
(DBN)

Slideshow: Troutman Designed Its New Atlanta Headquarters for the Future
(DBN)

Pass rate for February’s California state bar exam drops by more than 7 percentage points California Posts Worst Bar Exam Results The State Has Seen In Almost 70 Years
(DBN)

Charlotte School of Law turns to one of America's top lawyers to fight back in lawsuit
(DBN)

Togut, Segal & Segal Interview
(DBN)

In-House: Why Are You Pestering Me?
(DBN)

Why Smaller Firms Are More Keen To Enter The Cloud
(DBN)

Should Law Schools Ban Smartphones In Faculty Offices?
(DBN)

North Carolina bar to propose mandatory technology CLE credit
(DBN)

Biglaw Firm Blows Competition Out Of The Water With Tech Spending Stipend For Associates
(DBN)

Biglaw Managing Partner Opens Up About Alcoholism
(DBN)

Fear Can Make Lawyers Undervalue Their Work
(DBN)

Imposter Syndrome: The Mindset And Culture That Is Plaguing Lawyers
(DBN)

I’ve been in a new job that I like for 5 months and was called by a recruiter for a once in a lifetime opportunity. Would it be bad to leave my current position so soon?
(DBN)

This Biglaw Practice Leader Has A Really Crappy Case
(DBN)

GCs Say These Firms Have The Strongest Brands
(DBN)

Giuliani’s claim that Mueller aims to end probe by Sept 1 is ‘entirely made up’: Report The President Who Cried Wolf Inside Mueller's FBI Team 3 Predictions for What Mueller Will Do Next Justice Department to Review FBI Probe of Trump Campaign Trump meets top Justice, intelligence officials at White House after demanding 'informant' probe What Donald Trump doesn't know about how informants work is a lot The FBI Informant Who Wasn't Spying Peter Navarro pushed Stefan Halper for Trump job Manafort Renews Call to Suppress Evidence Justice Department to proceed with FBI investigation Trump, FBI feud escalates as he meets with Rosenstein, Wray Experts: Rosenstein may have made the best move by quickly agreeing to Trump's demand for an investigation Rosenstein defusing the "constitutional bomb" With New Referral To The Inspector General: The FBI Finds Itself Caught In A Crossfire Hurricane The Trump-Russia investigation just got more complex than we ever expected DOJ Inspector General to Fault FBI for Being Unfair To Clinton Trump vs. the Department of Justice DOJ independence, entrenched and ingrained, will survive Trump: historian, law prof
(DBN)

Avenatti Slams Giuliani by Using the Former U.S. Attorney's Words Against Him Michael Cohen may have just gotten a huge setback in his attempt to block Michael Avenatti from appearing in his criminal case Prosecutors Decline to Take Stance on Avenatti's Bid to Appear in Cohen Raid Litigation
(DBN)

Michael Flynn Jr. Issues Ominous Twitter Warning: 'You're All Going Down'
(DBN)

Looks Like Kellyanne Conway’s BigLaw Husband Is Trolling Trump Again
(DBN)

A Texas Town Mourns, And A Nation Struggles To Find New Ground In Gun Debate The latest on the Texas school shooting Father of Accused Texas Shooter Believes Bullying Was Behind Rampage Schools Can't Stop the Violence Santa Fe Massacre: What About the Police? Wounded Officer Sought ‘Simpler Life’ Patrolling Schools The Futility of Trying to Prevent More School Shootings in America Santa Fe Students Are Trying to Cope School Had Shooting Plan, Armed Officers and Practice. Ten Still Died
(DBN)

Oregon Man Upset With Noisy Kids Allegedly Fires Over A Dozen Rounds From AK-47
(DBN)

9th Circuit Rules For Re-Sentencing Of Attorney Serving 10-Year Bankruptcy Fraud Prison Term
(DBN)

‘Westworld’ terms of service: rogue androids and collecting more than just data from guests
(DBN)

Fugitive Attorney’s Ex-Wife Avoids Jail For Lying To The FBI
(DBN)

Sessions Reopens Closed Immigrant Cases
(DBN)

A Musical Interlude With Aaron Schlossberg Can New York lawyer Aaron Schlossberg be disbarred for his racist rant? Racist Rant, Other Events Show Social Media's Power Over Lawyers
(DBN)

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Judges:

Judge uses racial slur to describe defendant, blames New York upbringing Florida Judge Up For Suspension Over Racial Slurs
(DBN)

Justice Gorsuch Trolls Liberals by Citing Laurence Tribe in Anti-Workers' Rights Ruling
(DBN)

After Kozinski, 9th Circ. Sets New Workplace Policies Ninth Circuit Adopts #MeToo Recommendations Against Harassment
(DBN)

Why Won't Judicial Nominees Affirm Brown V. Board Of Ed?
(DBN)

Volume Of Undecided High Court Cases Raises Eyebrows
(DBN)

Justice Ginsburg receives Friendly Medal from American Law Institute
(DBN)

Ruth Bader Ginsburg Takes Off Her Gloves In Epic Dissent, the Notorious #RBG Slams Neil Gorsuch’s Ability to Read
(DBN)

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Wall Street:

Dow aims for fresh move past 25,000 as yield and dollar climb pauses
(DBN)

Dow industrials end nearly 300 points higher, up 1.2% U.S. stocks end at two-month highs as trade concerns wane
(DBN)

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Layoffs:

End-of-year layoffs hit 224 at JCPS
(DBN)

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Politics:

Trump calls out China for helping North Korea — and it highlights how Kim Jong Un is winning the talks Trump Is Grappling With Risks of North Korea Meeting How Trump Played Himself on NKorea North Korea rips 'denuclearization' narrative from Trump with flashy, probably meaningless test-site destruction Trump's lauded North Korea summit increasingly looks set to blow up in his face What China wants — and doesn't want — from a Trump-Kim summit
(DBN)

The Obamas just signed a multi-year deal to make shows and movies for Netflix
(DBN)

CIA Director Gina Haspel sworn in as Trump blasts Obama's CIA director Trump tweets attack on ex-CIA chief Brennan over ‘hit job’ investigation
(DBN)

Secretary of State Pompeo vows US won't allow Iran to develop a nuclear weapon: 'Not now, not ever' Pompeo’s Mission Impossible on Iran Iran faces "strongest sanctions in history" without new deal Pompeo Declares Economic War on Iran Pompeo's Sweeping Demands for Iran
(DBN)

There Is Only One Trump Scandal
(DBN)

Senators Press Pruitt for Details on New Legal Defense Fund Keeping Pruitt could cost GOP Congress, Trump in the fall Scott Pruitt's Regulation Rollbacks Hit Legal, Procedural Potholes
(DBN)

Democrats target alleged Trump corruption ahead of midterms Meet the Women Candidates Eyeing a Pink Wave in Deep-Red Trump Country
(DBN)

Top Trump fundraisers who sought to negotiate $1 billion in business deals with Middle East princes called Jared Kushner a 'Clown Prince'
(DBN)

Jacksonville sues its own Councilwoman over unpaid debt
(DBN)

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Autos:

Tesla Model 3 falls short of Consumer Reports recommendation But still 'thrilling' Tesla shares to soar more than 80% on strong Model 3 profitability: Analyst Tesla stock jumps after analyst says it could surge more than 70% Musk: If We Sell the Model 3 We Promised, Tesla Dies
(DBN)

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Television:

Date set for long-running Comcast SportsNet bankruptcy case hearing
(DBN)

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Celebs:

Chef Jose Garces, in bankruptcy court, pushes for retention bonuses for key employees 'Iron Chef' announces bankruptcy, sale of restaurant empire
(DBN)

Abby Lee Miller's Picture Has Fans Really Worried
(DBN)

Bankrupt 'Catwoman' has an unknown stash of cash
(DBN)

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Radio:

iHeart's Latest Fight: It's Right To Moelis and LionTree
(DBN)

iHeartMedia Files Motion to Access $450MM DIP, Citibank to Agent
(DBN)

Unsecured creditors demand details on iHeart's financial advisers
(DBN)

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Turnarounds:

How Two Brothers Became Billionaires -- And The Richest People In Mississippi
(DBN)

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Media:

Interview magazine has folded after almost 50 years
(DBN)

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Trucking:

The reason shipping costs are skyrocketing
(DBN)

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Economy:

Goldman: Don't worry about rising interest rates until the 10-year yield hits 4%
(DBN)

It's not just you: Everything really is getting more expensive
(DBN)

Late Credit Card Payments on the Rise
(DBN)

Fed’s Kashkari warns colleagues ‘not to overdo it’ with interest-rate hikes
(DBN)

Optimism About Availability of Good Jobs Hits New Heights
(DBN)

The Great Recession's New Lost Generation The 'lost generation' of millennials born in the 1980s may never be as rich as their parents
(DBN)

Chicago Fed "Index Points to Little Change in Economic Growth in April"
(DBN)

Goldman Sachs: The fiscal outlook for the US 'is not good'
(DBN)

Consumer debt set to reach record $4 trillion by the end of the year
(DBN)

Trump keeps touting a deal with China on trade, and markets are loving it Trump's China negotiators act like the bumbling bank robbers from 'Dog Day Afternoon' What Trump is tweeting about on China and trade ‘Sense of relief in equity markets is palpable’ — analysts assess U.S.-China trade truce Chuck Schumer, sounding like one of Trump's most hardline trade advisers, urges Trump to dig in with China Even Trump Allies are Bashing China Deal Trump advisor Larry Kudlow: Tariffs are still on the table as a tool in China talks Mnuchin: We've made 'very meaningful progress' with China on trade issues Energy exports to play 'massive' role in any breakthrough in the US-China trade talks China's trade truce with U.S. makes room for energy sector US-China trade agreements are ‘face-saving’ and ‘lose-lose,’ says Moody’s chief economist Trump Defends U.S. Approach to Trade With China Trump Blames Obama for His Trade War Loss Even the best-case scenario could see the U.S. trade gap with China get worse Charm or Threats Don't Work with China Trump may reportedly lift US sales ban on ZTE White House economic adviser Larry Kudlow on ZTE: 'They're not going to get off scot-free' Trade truce with China could boost US beef, soybeans and other agriculture products China to Cut Some Auto and Parts Tariffs China to cut import tariff on autos to 15% from 25% US hikes tariffs on Chinese steel exported via Vietnam
(DBN)

NAFTA negotiators are struggling to meet a congressional deadline
(DBN)

McDonald's workers march on new Chicago HQ for $15 an hour wages
(DBN)

Mnuchin: 'I'm very bullish on stocks' and sustained economic growth over 3%
(DBN)

Why rising gas prices won’t last
(DBN)

This is the moment people suddenly realized they weren’t ‘poor’ anymore
(DBN)

How much money Americans think is enough to live comfortably
(DBN)

Goldman Sachs is lending to subprime borrowers to get an early warning about the next economic slump
(DBN)

There are no winners in Trump's economy, only non-losers and big losers who are getting clearer by the day
(DBN)

Warren Buffett on Fixing Social Security
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Why the American Dream of owning a big home is way overrated, in one chart
(DBN)

The Fed should lean against housing prices, top academic argues
(DBN)

Downtown El Paso building owned by Billy Abraham could become hotel under bankruptcy plan Attorney for Juan Gabriel's son attacks plan for Billy Abraham's Downtown El Paso building
(DBN)

Average Credit Score of FHA Purchase Mortgage Endorsements Since 2006
(DBN)

MBA: Lender profits to hit negative numbers in Q1
(DBN)

Ten Years Ago: Looking back at a Foreclosure
(DBN)

How California's residential solar mandate could misfire
(DBN)

Parents Take 30-Year-Old Son To Court To Evict Him From Their Home
(DBN)

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Municipalities:

Puerto Rico Oversight Board, Gov. Rosselló reach partial compromise Puerto Rico, oversight board reach deal on fiscal plan Puerto Rico oversight board tweaks fiscal plan, keeps pension reforms
(DBN)

Hatch-Rubio Bill Critical to Resurrecting Growth in Puerto Rico
(DBN)

Puerto Rico revenue bond decision should be overturned on appeal, municipal bond analysts argue
(DBN)

Puerto Ricans Who Survived The Hurricane Face A New Challenge: Finding An Affordable Apartment in New York City
(DBN)

Pennsylvania sues over troubled Harrisburg incinerator bond deals
(DBN)

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Oil/Gas:

New Chapter 11 Filing - R.E. Gas Development LLC (a/k/a Rex Energy) Rex Energy Files for Chapter 11; Angelo, Gordon to Agent $100MM DIP
(DBN)

Oil Prices Up almost 50% Year-over-year
(DBN)

Trans-Atlantic Oil-Price Spread Soars as Supply Glut Disappears
(DBN)

EVs Could Erase 7 Million Bpd In Demand
(DBN)

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Tech:

Alert: Cambridge Analytica files for Bankruptcy Protection
(DBN)

EU warns that Facebook's Cambridge Analytica crisis is the 'tip of an iceberg' of data scandals
(DBN)

Steve Mnuchin wants Justice Department to scrutinize Big Tech
(DBN)

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Corporate Governance:

CEO pay shrinks by $350,000 a year once activist hedge funds move in, study finds
(DBN)

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Cybersecurity:

Banks are hiring former spies and adopting military-style tactics to fight cybercrime
(DBN)

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Consumer Finance:

Pawn America No Longer Bankrupt, Expects Bright Future
(DBN)

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Aviaiton:

Ryanair braces for first profit drop in 5 years, cites rising fuel cost and wages Ryanair warns of airline shakeout as fuel costs claim weakest $80 Oil Could Kill Smaller Airlines
(DBN)

Airlines face worldwide pilot shortage Pilot Shortage : Emirates Parking 18 Percent Of Fleet Ryanair 'pessimistic' as pilot shortage and oil crunch bites Former Continental CEO on airline pilot shortage
(DBN)

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Fraud:

The reporter who broke the Theranos saga wide open pinpoints the moment he knew he had a big story on his hands
(DBN)

'Pharma Bro' Martin Shkreli had $7 million of his assets seized when he was sent to prison — and people are arguing over who gets the first slice
(DBN)

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Travel:

A monkey escaped an American Airlines flight in San Antonio
(DBN)

Man On Flight Urinates On Back of Seat After Being Moved For Allegedly Groping A Woman
(DBN)

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Education:

Faculty No-Confidence Votes Against College Presidents Skyrocket Amidst Declining Enrollments, Budget Challenges
(DBN)

$14 million all-cash bid received for Dowling's Brookhaven campus
(DBN)

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Healthcare:

When credit scores become casualties of health care
(DBN)

Growth of insured population comes to a halt
(DBN)

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Awards:

McNair Attorney Elected President of South Carolina Bankruptcy Law Association
(DBN)

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Waste:

Creditors file suit against Syracuse area waste company
(DBN)

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Finance:

Leveraged loan rush sees borrowers gain balance of power
(DBN)

'Some of the worst covenants that we've ever seen'
(DBN)

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Religion:

The Pope's Turnaround on Abuse May Have a ‘Tsunami Effect’
(DBN)

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Marijuana:

Federal Law Leaves Marijuana in a No-Fly Zone
(DBN)

San Francisco district attorney to use algorithm to aid marijuana expungements
(DBN)

Blowing Smoke: Marijuana Banking Scams
(DBN)

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New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (21 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:

Weekly Bankruptcy Claims Trading Activity
(DBN)

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Abandonment:

A Bankruptcy Trustee's Power to Abandon Property of the Estate: The Public Heath or Safety Exception
(DBN)

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Avoidance Actions:

Washing Away Actual Fraud? One Court Says You Can.
(DBN)

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Cross-Border:

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

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Insurance:

Miami Attorney Wins $1.67 Million Against Ex-Patriot National CEO
(DBN)

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Valuation:

Valuation Disputes in Corporate Bankruptcy
(DBN)

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Discharge:

A Demand for Diligence and a Call for Clarity: A Preview of the Supreme Court's Imminent Argument over the Meaning of 'Financial Condition' in § 523(A)(2)(A) and (B)
(DBN)

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Litigation:

Litigation Funders Now Ranked by Chambers
(DBN)

Law Firm, Scrubs Maker Hit With $250K Fine
(DBN)

Personal Injury Legal Funder Accuses Attorney Of Faking Cases
(DBN)

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Miscellaneous:

Recent Developments in Bankruptcy Law, April 2018
(DBN)

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Strategy:

Do Managers Strategically Change Their Disclosure Before a Debt Covenant Violation?
(DBN)

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Corporate Reform:

House set to approve bank deregulation legislation
(DBN)

How to Tie CFPB Enforcement Up in Knots
(DBN)

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Currency:

Bitcoin could be just another failed currency experiment, Nobel-winning economist Robert Shiller warns Economist: bitcoin has a 'decent probability' of going to zero
(DBN)

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Food/Beverage:

Three new bidders are sweet on acquiring Necco
(DBN)

Gardiner meat company owner sues former partner Central Maine Meats lawsuit details flawed partnership of Gardiner business
(DBN)

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Coal:

Trump Administration May Give Mouth-To-Mouth To Resuscitate Coal Industry
(DBN)

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Entertainment:

He’s Baaaack! Ryan Kavanaugh Hired As Consultant By Relativity’s New Owners
(DBN)

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Retailing:

This Sears Holdings Deal With Amazon.com Isn't Enough
(DBN)

Sears brings in $425M in credit card deal with Citi
(DBN)

California toy mogul Isaac Larian gives up on bid to buy hundreds of Toys R Us stores
(DBN)

Toys R Us demise could spur merger boom
(DBN)

Cleaning up after Toys “R” Us
(DBN)

Retail’s revolving door
(DBN)

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UK:

Employees – why they may be out of a job and out of pocket on corporate failures
(DBN)

Insolvency exclusions
(DBN)

Bankrupt Chantelle Connelly puts a brave face on money woes
(DBN)

British businesses have £680bn in hidden cash
(DBN)

Control of UK companies remains shrouded in mystery
(DBN)

Britain left behind as Australia and New Zealand start trade talks with EU instead
(DBN)

Mothercare confirms store closures amid insolvency
(DBN)

FCA to share more with Insolvency Service in enforcement push
(DBN)

MPs take aim at magic circle over Russia dealings and Carillion collapse
(DBN)

More Fabric, More Money? British Retailer Is Accused of Charging ‘Fat Tax’
(DBN)

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PIIGS:

Greece Moves Closer to Bailout Exit After Deal With Creditors
(DBN)

Greece seen meeting fiscal targets, no fiscal gap in 2018-9 – PM
(DBN)

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Venezuela:

Venezuela Election Won by Maduro Amid Widespread Disillusionment Pence: Venezuela election a 'sham'
(DBN)

US likely to slap tough oil sanctions on Venezuela — and that's a 'game changer' for Maduro President Trump Approves New Sanctions On Venezuela : The Two-Way
(DBN)

With opposition in disarray, Maduro’s win spells trouble for Venezuela
(DBN)

By the numbers: Venezuela's plight as Nicolas Maduro re-elected
(DBN)

Oil rises as world grapples with Venezuelan crude output risks
(DBN)

This is what Venezuela needs to fix its economy Low oil price era is 'dead' as crisis-stricken Venezuela risks a supply shock, analyst says
(DBN)

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Australia:

Bankruptcy’r’us Jobs at risk as Toys 'R' Us calls in administrator Toys ‘R’ Us customers’ fury over gift voucher catch: ‘What a joke’
(DBN)

Palmer spends big on book while Queensland Nickel creditors go begging
(DBN)

A to Z Of Insolvency And Restructuring
(DBN)

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India:

Debt-ridden businessman kills wife, 2 daughters
(DBN)

State Bank of India posts deepest-ever quarterly loss, expects bad loans to drop
(DBN)

Miles to go for the new bankruptcy code
(DBN)

Best use of insolvency law is in not using it at all: IBBI chief Sahoo India’s Bankruptcy Board chief does not want IBC to be used at all; here’s why
(DBN)

First big bankruptcy success hands $5.2 billion for Indian banks
(DBN)

Bids may go online for companies facing bankruptcy
(DBN)

NCLAT Puts Essar Steel's Insolvency Process On Hold
(DBN)

IBC Spares No One: Anil Ambani’s RCom Struggling To Avoid Insolvency Proceedings
(DBN)

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Cook Islands:

Country labeled ‘debtor’s haven’
(DBN)

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Myanmar:

Republic of Myanmar: new insolvency and restructuring laws
(DBN)

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