May 24, 2018

The Daily Bankruptcy News

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Law:

King & Spalding Draws Rebuke In Bid To Toss Associate Firing Suit • Federal judge finds King & Spalding’s reasons for firing associate ‘incredibly hard’ to believe • King & Spalding Can’t Dodge Wrongful Termination Case
(DBN)

Ex-BigLaw Attorney Who Shot Wife Sentenced To Life In Prison • Judge Chides Tex McIver's Lack of Apology in Imposing Life Sentence for Murder • Ex-Fisher & Phillips partner gets life sentence, says he spoke ‘telepathically’ with slain wife
(DBN)

Partners are ‘coasting to retirement’ and ‘chronically under-performing’, says new research
(DBN)

Male Equity Partners Earn Almost 30% More Than Women
(DBN)

Dismiss Big Law Malicious Prosecution Suit, Judge Recommends
(DBN)

If you thought law firms have been consolidating through merger, think again
(DBN)

Admissions, Accreditation and the ABA: An Analysis Of Recent Law School Lawsuits
(DBN)

43% Of Lawyers Are Millennials, Outnumbering Gen Xers And Baby Boomers
(DBN)

Breakup of auditors could boost their legal arms
(DBN)

What’s The Matter With California? Bar Exam Edition
(DBN)

Don’t Be ‘Idiotic’ — Yes, Law Firms Really Have To Change
(DBN)

Money Isn't Everything for In-House Counsel, Report Says
(DBN)

Why Today’s Seasoned Lawyers Shouldn’t Mentor Newbies
(DBN)

Dallas Litigator Sues FindLaw Over 'Cookie Cutter' Firm Website
(DBN)

After All These Attorney Departures, Does Anyone Still Work At Norton Rose? • Abbe Lowell Jumps Ship from Norton Rose to Winston & Strawn • Abbe Lowell Joins Winston Amid Norton Rose 'Conflicts'
(DBN)

Understanding and Managing the Risks of Cloud Technology for Your Legal Department
(DBN)

Law Schools Care More About Rankings Than The Financial Burdens of Students
(DBN)

Law Professor Thinks Women’s Success In Elections Is A ‘Sad Achievement’
(DBN)

If You Are A Small-Firm Owner, It Is Important To Pay Off Your Student Loans As Soon As Possible
(DBN)

Akin Gump Partner To Testify At Manafort Trial • Mueller Investigation So Far: 17 Indictments, 5 Guilty Pleas • Mueller moves to sentence Papadopoulos, signaling key step • In white-hot attack on the Russia probe, Trump is now calling an FBI informant talking to his campaign 'SPYGATE' • Justice dept. agrees to brief Dems as Trump touts "spygate" • Trump calls the special counsel's probe a 'witch hunt,' but his links to Russia go back a long time • Former FBI Director James Comey attacks Republicans, defends alleged use of Trump campaign informant • 8 signs pointing to a counterintelligence operation deployed against Trump's campaign • Manafort to ask federal judge to exclude evidence from FBI raids: report • What The Hell Was Rod Rosenstein Talking About? • ‘Taxi King’ Of New York Pleads, Flips On Michael Cohen • Mueller Rejects Speedy Trial Law To Delay Russian Collusion Trial • Rudy Giuliani Invokes Clintonesque Defense of Trump: ‘Truth is Relative’ • Fifteen Unanswered Criminal-Law Questions About Trump • Manafort Takes Supreme Court's Car-Rental Privacy Ruling for Test Drive • Yes, There Was Collusion • Jared Kushner gets permanent White House security clearance; met with special counsel a second time
(DBN)

George Conway’s Tweets Raise West Wing Eyebrows
(DBN)

Federal judge rules Trump can't block people on Twitter because it violates their First Amendment rights • Federal judge rules Trump can’t block Twitter users because of political views • Judge Rules Trump Twitter Feed A Public Forum, President Can Mute, But Not Block, Users • Trump Twitter Account Must Give Critics Access, Judge Says • Read the tweets that got these people blocked on Twitter by President Donald Trump
(DBN)

Trump lawyer 'paid by Ukraine' to arrange White House talks • Michael Cohen responds to report that the 'Taxi King' might flip on him, says they have 'never been partners' • Michael Cohen Biz Partner 'Taxi King' Cops To $5M Tax Fraud
(DBN)

Michael Avenatti Is the 1990s-Style Celebrity Lawyer of the Trump Age
(DBN)

Hit the road, son: Parents win court battle to evict 30-year-old • Judge orders NY man out of his parents’ home, says he isn’t entitled to 6 months’ notice • ‘I Don’t Like Living Here’: 30-Year-Old Ordered by Court to Leave Parents’ House Speaks Out
(DBN)

Patron attacks Burger King worker in beef over Whopper coupons
(DBN)

Hundreds of USC professors are demanding the university's president resign amid mounting misconduct scandal involving a school gynecologist
(DBN)

Police release disturbing body-cam footage of Milwaukee Bucks rookie Sterling Brown being arrested and tased
(DBN)

‘I am not a racist,’ lawyer says after viral rant about Spanish-speakers
(DBN)

Judge rules that transgender teen Gavin Grimm is protected by Title IX and the Constitution
(DBN)

The feds are investigating misconduct allegations against Harvey Weinstein
(DBN)

BigLaw Too Focused On Legal Fallout In #MeToo
(DBN)

Sandy Hook Families and FBI Agent Sue Alex Jones • The GOP’s 'Unbelievably Absurd' Response to Santa Fe • Families Of Parkland Shooting Victims Sue Smith & Wesson • Tx. Police Chief Doubles Down in NRA War • Houston police chief, NRA do battle on Twitter
(DBN)

Mexican Mafia run LA jail crime like an 'illegal government'
(DBN)

He was suspended for wearing a Trump shirt. Now, he’s suing his Oregon school district
(DBN)

Police Release Video in Response to Woman's R--- Claim, Footage Tells Different Story
(DBN)

New Orleans Is Letting Prosecutors Listen To Inmates’ Phone Calls To Their Lawyers
(DBN)

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Judges:

This Dispute Over a Tweeting Judge Shouldn't Invite the Justices, DOJ Says
(DBN)

Federal Judge Remembers South Park Episode Very Differently
(DBN)

Black Bar Association Wants Miami Judge Off the Bench for Using Racial Slurs •Judge’s racially demeaning language merits suspension, investigative panel says • Will This Judge Who Uses Racial Slurs Be Dismissed, Or Is This Slap On The Wrist All Anyone’s Going To Do?
(DBN)

Ninth Circuit Serious About Ending Workplace Harassment
(DBN)

Federal judge scolds slow-moving BigLaw lawyers, enforces oral agreement to settle class action
(DBN)

SCOTUS retirement plan blues
(DBN)

Trump's 11th Circ. Pick Sails Through Confirmation Hearing
(DBN)

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Wall Street:

US stocks set for a mixed open amid ongoing US-China trade talks • U.S. stock futures look hemmed in as North Korea gloom offsets dovish Fed
(DBN)

Stocks Close Higher As Fed Minutes Suggest A Dovish Stance
(DBN)

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Layoffs:

Deutsche Bank could reportedly cut 10,000 jobs • Deutsche Bank is axing 7,000 investment banking jobs • Deutsche Bank de-flabbing cuts to the bone • Deutsche Bank announces massive job cuts as pressure mounts on the firm's executives • Deutsche Bank shares fall as shareholders demand chairman resignation
(DBN)

It's official: Philly Shipyard targets 275 for layoffs
(DBN)

Why you don't need to worry about robots stealing your future job
(DBN)

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Weather:

Drought on tap to intensify over US Southwest
(DBN)

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Movie Theaters:

MoviePass said a $300 million lifeline could sustain it for over a year, but that money could slip through its fingers
(DBN)

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Festivals:

So long, South Shore Frolics: 5 more defunct Milwaukee summer festivals
(DBN)

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Brokers:

Reduced costs of broker Beaufort's insolvency may provide relief for small mining firms
(DBN)

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Travel:

Heroic Southwest crew communicated with "charades" after deadly blast
(DBN)

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Taxis:

Uber, valued at $62 billion, still loses money
(DBN)

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Gambling:

Famed Vegas Casinos Could Be Hobbled As Thousands Of Workers Authorize Strike
(DBN)

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Economy:

Fed Minutes Signal June Rate Increase • Most Fed policymakers say rate hike likely needed 'soon,' minutes show • The Fed isn't sweating inflation ... yet • FOMC Minutes: "A temporary period of inflation modestly above 2 percent would be consistent with inflation objective" • Fed indicates it will let inflation run above 2 percent goal for 'temporary period' • Fed Minutes Suggest Few Worries of Economy Overheating • Every Fed tightening cycle 'creates a meaningful crisis somewhere'
(DBN)

Where rising interest rates are starting to pinch
(DBN)

3 debts you should watch as the Federal Reserve raises interest rates
(DBN)

As U.S. economy gains, millions still live on the edge
(DBN)

The wildly uneven recovery from the Great Recession
(DBN)

Financial Crisis May Have Hit '80s Generation the Hardest
(DBN)

Trump throws more cold water on China trade deal, saying current framework 'too hard to get done' • Trump is already backtracking on the China trade agreement, days after celebrating the deal • Trump's New Structure in China Relations
(DBN)

US launches investigation into auto imports on a 'national security' basis • Trump eyes import tariffs of up to 25% on cars • U.S. threatens autos with scorched-earth gambit
(DBN)

NAFTA negotiations on hold citing U.S. auto demands
(DBN)

Harley Workers Stunned by Plant Closing • Harley-Davidson layoffs after tax cuts anger employees
(DBN)

American Companies, Flush With Cash From GOP Tax Cut, Set Record For Stock Buybacks
(DBN)

Conservative Koch brothers' network ad blitz targets Republicans, Democrats for backing $1.3 trillion spending bill
(DBN)

Global Imbalances Tracker
(DBN)

Oil may be headed to $80 next, says drilling pioneer Harold Hamm
(DBN)

These are the 28 biggest banks in the world — each one with more than $1 trillion of assets
(DBN)

Big Food’s exodus of leaders is a symptom of larger crisis
(DBN)

Crushing debt makes it harder to start a family
(DBN)

The economic realities of non-white Americans
(DBN)

40 Sad Facts About Retirement
(DBN)

Opioid Crisis Takes A Toll On Economic Outlook For Many Americans, Fed Says
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

New home sales fall less than expected in April • New Home Sales decrease to 662,000 Annual Rate in April • A few Comments on April New Home Sales
(DBN)

AIA: "Architecture Firm Billings Strengthen in April"
(DBN)

 

‘It Does Something to Your Soul When Everyone Losing Their Homes Looks Like You’
(DBN)

Black Knight: National Mortgage Delinquency Rate Decreased in April, Foreclosure Inventory Lowest since August 2006
(DBN)

Woodbridge investors fail to speed up fight over bankruptcy plan
(DBN)

Housing markets in big cities like New York, Chicago and Los Angeles are racially segregated: Study
(DBN)

Leilani Estates family ‘heartbroken’ as huge crack swallows up their home • Small Hawaii neighborhood overwhelmed by river of molten misery
(DBN)

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Municipalities:

A narrow win for bondholders still sets an ominous precedent in Illinois
(DBN)

Puerto Rico’s Governor, Oversight Board Find Common Ground on Economic Provisions
(DBN)

Puerto Rico governor presents zero debt payment budget under cloud of uncertainty
(DBN)

Puerto Rico's Surplus to Drop by $660 Million in Revised Plan
(DBN)

Assured Guaranty files lawsuit against Puerto Rico
(DBN)

Teacher salary hikes face major headwinds – politics and pension underfunding
(DBN)

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Oil/Gas:

Oil prices sink in sudden move after unexpected surge in crude stockpiles
(DBN)

Visualizing U.S. Energy Consumption
(DBN)

The $100 a barrel oil wager comes back to the options market
(DBN)

The 'biggest' change in oil market history: A shipping revolution could prompt crude prices to soar
(DBN)

Harvey Gulf International Marine bankruptcy reorganization plan approved • Court Approves Harvey Gulf's Restructuring Plan
(DBN)

Ultra Petroleum moving from Houston to Denver after bankruptcy
(DBN)

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Food/Beverage:

Maker of candy hearts and Necco Wafers sold at auction • Beloved Candy Maker Gets a New Owner • Someone Paid $18.83 Million for Necco Wafers — and the Rest of the Company — at Auction
(DBN)

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Currency:

US reportedly opens criminal probe into price manipulation of bitcoin, other cryptocurrencies
(DBN)

Cryptocurrency freefall shaves $50 billion off market cap in 72 hours
(DBN)

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Fraud:

How a $9 billion startup deceived Silicon Valley
(DBN)

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Celebs:

Jose Garces’s Group Gets Court Approval to File for Bankruptcy
(DBN)

Lenny Dykstra arrested
(DBN)

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Awards:

ABA announces winners of the 2018 Silver Gavel Awards
(DBN)

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Corporate Reform:

House Passes Bank Deregulation Bill • White House says Trump will sign bill rolling back Dodd-Frank banking regulations • The 2008 Financial Crisis Was a Mass Hallucination, Says Congress
(DBN)

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Healthcare:

Addiction Rehab Network Hits DE Ch. 11 With $207M In Debt • Elements Behavioral Health Files for Bankruptcy Protection • New Delaware Chapter 11 Filing – EBH Topco, LLC • Elements Behavioral Health to Enter Into Purchase Agreement; Transaction Facilitated Through Chapter 11; Programs Continue and Treatment Centers Remain Open • First Day Dec
(DBN)

Key Obamacare plan premiums will jump 15 percent in 2019, CBO says • The Trump effect on ACA premiums • Despite Trump attacks, Americans hold on to health insurance
(DBN)

With death rate up, US life expectancy is likely down again
(DBN)

When the hospital is covered, but the doctor isn’t
(DBN)

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Retailing:

US mall owners look to apartments and hotels to replace Sears and JC Penney
(DBN)

What’s behind rising delinquencies on private-label credit cards
(DBN)

“Death of Retail” Rumors Overblown, Opportunities for Returns Still Exist
(DBN)

Eddie Bauer, Pacific Sunwear explore merger amid retail downturn -sources
(DBN)

Will J.C. Penney's turnaround ever end?
(DBN)

Why Macy's, Penney, Gap, other retailers may have to close even more stores
(DBN)

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Fashion:

Carven, Piaf dresser in its heyday, seeks bankruptcy protection
(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 (49 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (5 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:

Data-Driven Insights: Restructuring Entrance & Exit Trends
(DBN)

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Avoidance Actions:

Should Sovereign Immunity Shield IRS In Section 544 Suits?
(DBN)

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Recent Pleadings:

Assured Guaranty files new Adversary Complaint against Puerto Rico Oversight Board for certifying non-compliant fiscal plan
(DBN)

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IP:

Trademark Licenses . . . Again (Again)
(DBN)

You Can’t Reject My Trademark License - Can You?
(DBN)

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Sales:

Bankruptcy Sale Appeal: You Better Obtain a Stay Pending Appeal or You May Be Out of Luck
(DBN)

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Miscellaneous:

Links for Restructuring Professionals to Key Cases, Articles, and News Briefs
(DBN)

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Student Debts:

More people are unprepared for retirement because of student loans
(DBN)

Federal student loans are about to get pricier. What you should know
(DBN)

Why Student-Loan Delinquency Is Falling
(DBN)

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Politics:

NFL Adopts New Anthem Policy to Quell Player Protests • New NFL policy requires players, personnel on the field to stand for anthem • NFL's new national anthem policy: Players can skip song but must stand if on the field • NFL's new national anthem policy similar to NBA's • The NFL made major rule changes to save the kickoff, but its days still seem numbered • The best way to disrespect the flag is to compel people to stand for it • Jets acting owner: I will pay fine if players don't stand for anthem
(DBN)

Trump's torch-it-all strategy
(DBN)

Actor Robert De Niro says he has banned Trump from all locations of his swanky restaurant chain that's beloved by the rich and famous
(DBN)

Jeff Bezos' annual salary is a lot less than Bernie Sanders probably thinks
(DBN)

North Korea claps back at Mike Pence's 'ignorant and stupid remarks,' leaving summit with the US hanging by a thread • North Korea issues fresh nuclear threats, says it may call off summit with Trump • Pentagon Releases Damning Assessment of Kim Regime Before Summit • Bottom line on North Korea’s nukes: US in control even without Trump Kim summit • Trump backs off hardline denuclearization demand after North Korea threatens nuclear showdown
(DBN)

4 in 10 Strongly Disapprove of Trump Presidency
(DBN)

Why Long Island Still Loves Trump
(DBN)

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Autos:

GST AutoLeather Exits Bankruptcy Under New Ownership
(DBN)

Elon Musk's Media Meltdown • Elon Musk Blames Big Oil for Media Criticism
(DBN)

GM Readies for a Post-Car Future
(DBN)

Auto defaults fall below 1% for first time this year
(DBN)

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Cybersecurity:

US seeks to seize control of hundreds of thousands of infected devices from hackers
(DBN)

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Bankruptcy Crimes:

Worcester Co. family charged in bankruptcy fraud case
(DBN)

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Coal:

Coal supplier Westmoreland gets $110M loan to pay debts
(DBN)

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Mass Torts:

J&J Hit With $21.7M Talc Asbestos Cancer Verdict In Calif.
(DBN)

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Farming:

Lawmakers hold hearing to discuss Oregon dairy's downfall
(DBN)

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Banking:

Deutsche Bank sinks to an 18-month low after reports says its slashing up to 10,000 jobs • Deutsche Bank will 'sharply' scale back US presence and global equities trading: Report
(DBN)

This is how many millions you need for elite bankers to take you as a client
(DBN)

______________

UK:

Ex-Scotland star James McFadden fights to avoid bankruptcy
(DBN)

Government “too slow” to spot trouble at Carillion • MPs shocked by FRC praise for Carillion disclosure
(DBN)

Theresa May to ask the EU for an extra two years of Brexit transition
(DBN)

EU’s U.K. Tax Probe May Hit Unprecedented Number of Companies
(DBN)

PwC cuts administration costs for insolvent UK broker Beaufort
(DBN)

B&Q warns of 'uncertain' future as retail carnage hits ANOTHER chain
(DBN)

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EU:

U.S. Is Now Europe's Biggest Challenge, EU Leader Says
(DBN)

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PIIGS:

Italy's populists' choice of PM is approved as Europe issues a warning over debt
(DBN)

Greece's creditors push bailout exit in name only • Greece unveils post-bailout growth plan
(DBN)

______________

Malaysia:

Malaysia's hidden debt and ' insolvent ' state fund raise alarm • Insolvent 1MDB Unable to Repay Its Debt • Directors confirm 1MDB ' insolvent ', says finance minister • Former Malaysia government used c.bank, sovereign fund deals for 1MDB dues - sources
(DBN)

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Russia:

Commercial court dismisses once richest Russian MP’s move to drop bankruptcy case
(DBN)

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India:

Indian homebuyers now have a new weapon to fight errant real estate developers • Government extends lifeline to distressed homebuyers • What happens when home buyers are at par with financial creditors
(DBN)

SBI chief Rajnish Kumar sees recovery from bankruptcy cases this fiscal
(DBN)

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China:

US warns Pacific on China debts
(DBN)

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