May 25, 2018

The Daily Bankruptcy News

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Due to the Memorial Day holiday, The Daily Bankruptcy News will not publish on Monday, May 28, 2018



Law:

Proskauer Says Partner in $50M Gender Bias Suit 'Cherry-Picked' Pay Data Proskauer Hits Back At Gender Discrimination Lawsuit
(DBN)

Law Firm Avoids Email-Related Sanctions in Attorney Pay Suit
(DBN)

Arizona Summit sues ABA, 3rd for-profit InfiLaw school to do so Arizona Summit Sues ABA Over Accreditation, Joining Two Other For-Profit Schools
(DBN)

Harvard Law School Gets Some Depressing News At Graduation
(DBN)

Applications to Law School Versus Medical School
(DBN)

Estate of Victim’s Wife Sues Tex McIver, Star Witness After Murder Sentencing
(DBN)

Eversheds Sutherland scraps annual appraisals and introduces reverse mentoring in performance management shift
(DBN)

Sanction Reduced For Bankruptcy Court Disbarment
(DBN)

Ropes & Gray Partner Is Republican Candidate For NY AG
(DBN)

In-House: A Little Less Conversation, A Little More Action
(DBN)

The California State Bar Has No Clue What It’s Doing
(DBN)

3 Things You Need To Know When Starting Out In BigLaw
(DBN)

Trump tweets James Clapper admitted to spying on his presidential campaign. He didn’t DOJ is giving a special partisan briefing on the Trump-Russia investigation to GOP Congress members Rudy Giuliani explains where Trump's legal team stands with Michael Cohen 'It's a circus': Experts are floored that White House officials attended highly classified briefings about the Russia probe Clapper says Trump "deliberately distorted" his words on informant McConnell After Classified Briefing: I'm Backing Mueller
(DBN)

Avenatti Pushes to Lift Stay on Court Case Stormy Wants to Reactive Hush Money Suit Defunct former firm of Stormy Daniels’ lawyer is ordered to pay $10M to ex-partner Rudy Giuliani and Michael Avenatti are going to war over the latest attempt to jumpstart the Stormy Daniels case Avenatti Cites Giuliani Comments in New Push to Depose Trump Under Oath
(DBN)

A woman said a Texas state trooper assaulted her. Her lawyer apologized after seeing body cam video
(DBN)

Women accuse Morgan Freeman of inappropriate behavior, harassment Allegedly Slept With His Step-Granddaughter 8 women Harvey Weinstein to Surrender After Assault Investigation Harvey Weinstein expected to face two #metoo charges, including r--- Who Is Lucia Evans, the Former Actress at Center of Harvey Weinstein Sexual Assault Case? Here's What Happens to Harvey Weinstein After He Turns Himself In UK: Harassment rife in chambers and courts, barristers' group says
(DBN)

The return of the DACA fight in Congress, explained Trump: 'There'll be no approvals from me' on House immigration moves without border wall, tougher security Taking on the system: 'Dreamers' are getting law degrees Trump's misleading immigration claims The House Is on the Brink of Forcing Votes on Immigration Republicans turn more negative toward refugees as number admitted to U.S. plummets Trump questions need for immigration trials, says system is ‘corrupt’ and will be changed
(DBN)

Trump pardons late boxer Jack Johnson
(DBN)

NRA Wants Censorship of School Shootings
(DBN)

Rachel Dolezal, woman who posed as Black, charged with welfare fraud
(DBN)

Armed bystander kills gunman who shot 2 in Oklahoma City restaurant
(DBN)

Video shows road rage suspect hitting man with sledgehammer
(DBN)

Parkland Families Sue Manufacturer, Gun Store over Weapon Used in Mass Shooting
(DBN)

The Best Advice For Dressing In Biglaw What’s With This Fetish About Pants?
(DBN)

How To NOT Write Your ‘Bio’ — The One Mistake You Can’t Afford To Make
(DBN)

Fla. Justices Disbar Attorney Who Had S-- With 2 Clients -- In Jail
(DBN)

White Man Charged with Hate Crime After Rant
(DBN)

Doctor Featured In Videos Dancing to Hip Hop In Surgeries Accused Of Leaving Patient With Permanent Brain Damage
(DBN)

UK lawyer sentenced for stalking a law student
(DBN)

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Judges:

Courtroom Cackles Get Farm Co. A Redo
(DBN)

Massachusetts Top Court Suspends Judge After Scandal
(DBN)

Judge slams "utterly dishonest" brothers' "festival of mendacity"
(DBN)

Lawsuit claims Texas criminal appeals judge fired secretary for criticizing GOP on Facebook
(DBN)

First female justice of the peace gets obit after 116 years
(DBN)

Ex-Judge Accuses Texas Gov. Of Malicious Prosecution
(DBN)

9th Circuit cites judge’s anti-government views in reassigning case
(DBN)

Will He Stay Or Will He Go? On Justice Anthony M. Kennedy’s Rumored Retirement From The Supreme Court
(DBN)

Calif. Judges’ Harassment, Bias Settlements Secret No More
(DBN)

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Wall Street:

U.S. stock futures firm up as North Korea keeps its cool
(DBN)

Stocks close lower after President Trump cancels North Korea summit
(DBN)

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Layoffs:

Bank of America to lay off 575 in Pasadena
(DBN)

Univision Signals More Layoffs, Upheaval
(DBN)

Indiana’s largest beer distributor laying off 100
(DBN)

Chart: Why Industrial Robot Sales are Sky High
(DBN)

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Politics:

Trump cancels meeting with North Korean leader Kim Jong Un 'Open hostility': Trump blames North Korean rhetoric Why Trump Canceled the Summit Trump details his decision to cancel North Korea summit Analysis: The North Korea summit crumbled after China lined up against it 'Problems with diplomatic tradecraft' helped sink Trump's summit with Kim Jong Un Secretary of State Pompeo: We 'always knew' the summit might not pan out Dow sinks 250 points after Trump cancels North Korea summit Congress reacts to Trump canceling North Korea summit: '100% the right decision' Trump turns back to brinkmanship with North Korea South Korea can't figure out Trump's 'intention' in canceling Kim Jong Un summit Nasdaq turns positive as stocks make up earlier losses from North Korea worries North Korea says it’s still willing to meet Trump ‘any time’ Trump gave Kim Jong Un a taste of his own medicine —and now North Korea is begging to save the summit
(DBN)

The president’s unpredictability once worked to his advantage—but now, it is producing a mounting list of foreign-policy failures
(DBN)

Donald Trump: Players Who Don't Stand Don't Belong In America! The NFL Tries to Push Protest Out of Sight NFL players reportedly already discussing new forms of protest after national anthem rule Kaepernick's Lawyer Responds to NFL's Anthem Policy by Suggesting Trump and Pence Broke Law
(DBN)

Ivanka Trump now has full security clearance, too
(DBN)

Sen. Corker: Trump is Abusing His Power
(DBN)

Another Top Official Walks Out on Bernie
(DBN)

Trump's company wouldn't say what his new $107,000 business was, until after it was tracked down
(DBN)

Betsy DeVos Says It’s Up To The Schools Whether To Follow The Constitution
(DBN)

Trump Administration Officials Get Low Marks on Ethics
(DBN)

"People are angry, universally, at the government," says journalist Charlie LeDuff Pulitzer prize-winning journalist Charlie LeDuff says there's a common rage in the country
(DBN)

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Food/Beverage:

OH: West Point Market files for Chapter 11 bankruptcy, expects to remain open
(DBN)

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Corporate Reform:

President Trump signs Dodd-Frank rollback into law
(DBN)

1,000 Cuts to Dodd-Frank: Tracking Trump’s Wave of Deregulation
(DBN)

Efforts To Loosen Banking Rules Worry Fed Official Neel Kashkari
(DBN)

Mick Mulvaney wants to reshape the CPFB
(DBN)

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Economy:

The Changing Makeup of Consumer Debt
(DBN)

Fed's Kaplan sees another four rate hikes or so before central bank finishes its job
(DBN)

Americans are in blistering debt — and banks are targeting the most vulnerable
(DBN)

A plateau for manufacturing? : After steady growth, manufacturing productivity seems at a standstill
(DBN)

Corporations: $2 Trillion in New Mergers Already in 2018
(DBN)

US car imports may be the next target for tariffs Global Trade Sanctions Picture Growing Tenser and Murkier for General Counsel Commerce Secretary Wilbur Ross on auto import probe: 'Economic security is military security' Market Calls Trump’s Auto Tariff Bluff What's behind Trump's threat to put tariffs on cars? Trump Doesn't Get the Auto Industry We Should All Worry About Trump's Intent To Raise Import Barriers On Foreign Cars Take ‘trade tensions very seriously,' Stephen Roach warns a trade war could still hit stocks Just when the markets thought it was safe, Trump's new trade war threat could trigger 'economic and diplomatic destruction' The WTO is in over its head in Trump's trade war Forget Trump: This Is Why A Cold U.S. And China Trade War Looms
(DBN)

North Korea summit cancellation part of 'downside risks' for the economy, Fed's Bostic says
(DBN)

Many college grads from the Great Recession are still trying to catch up
(DBN)

Small Businesses Rethink Client Meals & Entertaining After Losing Tax Break
(DBN)

CBO: Trump's Budgets to Create $9.5 Trillion in New Debt
(DBN)

Why US Corporations Love Trump American businesses like the Trump era
(DBN)

Why Millennials aren't feeling the boom in household wealth
(DBN)

The jobless 30-year-old in a legal battle with the parents who are evicting him plays into an untrue millennial stereotype, says psychologist Here’s the reason so many young people need mom and dad to pay their rent
(DBN)

Income inequality is changing how we think, live, and die
(DBN)

Undocumented immigrants pay billions of dollars in federal taxes each year
(DBN)

Congress Added $54o Billion to 2019 Deficit Trump’s 2019 Budget Underestimated New Debt by $2.3 Trillion, CBO Says
(DBN)

Number of U.S. Farms and Average Farm Size, 2009-17
(DBN)

How much money have America’s 30-somethings really saved? Finally, they speak
(DBN)

Trump's next economic threat: Surging gas prices Who’s To Blame For High Gasoline Prices?
(DBN)

Mapped: The Countries With the Most Foreign Currency Reserves
(DBN)

The 28 major global cities where workers have the highest salaries -- earning more than $2,000 per month
(DBN)

Six-figure jobs where the pay gap is best and worst
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Existing-home sales tumble as supply crunch squeezes Existing home sales take a 2.5% tumble
(DBN)

Higher gas prices could hurt already weakening home sales
(DBN)

Home Values Rise at Fastest Pace in 12 Years
(DBN)

Mortgage rates rising at pace not seen in 50 years
(DBN)

Gibson Guitar’s Bankruptcy Puts WeHo’s Tower Records Building at Risk
(DBN)

5th Cir. Holds Mortgagee Needed to Issue New Acceleration Notice Before Foreclosing
(DBN)

Republican Congressman Dana Rohrabacher says it’s OK to not sell homes to gays; loses support of Realtors
(DBN)

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Municipalities:

Plea deal could be in the works for former Flint Emergency Manager
(DBN)

Which will be the US 'Italy'? California, New Jersey or Illinois?
(DBN)

Board: Smaller surplus available for Puerto Rico creditors
(DBN)

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Oil/Gas:

Rising oil prices are starting to hurt
(DBN)

Democrats are missing the mark in attacking Trump over surging gas prices
(DBN)

Oil falls most in 2 weeks as phase out of supply cuts looms
(DBN)

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Retailing:

Which retailers will go bankrupt in 2018?
(DBN)

The Toys R Us bankruptcy is what happens when Wall Street put profits before people
(DBN)

Retail stores are closing at an alarming rate
(DBN)

Is This The Beginning Of A Department Store Renaissance? Eh, Not So Much
(DBN)

Gap shares tumble on earnings miss as Old Navy growth slows Growth slows at Gap’s most important division
(DBN)

Victoria's Secret might be 'broken' as L Brands slashes its outlook
(DBN)

Five trends in five years will reshape U.S. mall mix
(DBN)

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Radio:

iHeart Bankruptcy: San Antonio's Radio Giant Aims to Pay Bonuses to Execs, Hold Out On Artists
(DBN)

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Healthcare:

US Family Health Care Costs Hit Record High
(DBN)

New Push to Topple Obamacare Looms
(DBN)

Mulvaney: Democratic Criticism of CHIP Clawbacks Is Pure Hypocrisy
(DBN)

Creditors blast conflicts in Orianna's bankruptcy deal
(DBN)

Why Your Health Insurer Doesn't Care About Your Big Bills
(DBN)

Cancer drug spending doubled in 5 years
(DBN)

Aetna, still looking for scapegoat in HIV disclosure fiasco, sues plaintiffs firms
(DBN)

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Distressed Investing:

Goldman, Blackstone Make Peace in Credit-Derivative Standoff
(DBN)

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Corporate Governance:

Six CEO pay packages that explain soaring executive compensation
(DBN)

CEO nixes own raise to give workers $1 million
(DBN)

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Personal Finance:

Want to write the perfect resume? Stop making it all about yourself
(DBN)

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Mass Torts:

With bipartisan support, asbestos transparency bill passes in North Carolina
(DBN)

Asbestos In J&J Talc Killed 30-Year-Old Attorney, Jury Told $21.7 Million Compensatory Verdict and $4 Million Punitive Awards in California Asbestos-Talc Case Los Angeles, California Court Hears Motions to Overturn Verdict in $117 Million New Jersey Talc Case Middlesex County, New Jersey
(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 (25 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (12 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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Harassment:

Sexual Harassment Civil Judgments in Bankruptcy
(DBN)

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Trustees:

BK SD CA: Ch. 7 and Ch. 13 administration guidelines updated
(DBN)

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Bankruptcy Reform:

Student Loans and Other Doings for the ABI Consumer Bankruptcy Commission
(DBN)

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Setoff:

Prepetition Setoff Not an 'Improvement in Position' Under Bankruptcy Code
(DBN)

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Bankruptcy Remoteness:

Can Golden Shares Block a Bankruptcy Filing?
(DBN)

Bankruptcy Remoteness Going to a Court of Appeals--Fifth Circuit Issues Speedy, Focused Affirmance of the Dismissal of the Petition
(DBN)

The Fifth Circuit Renders Important Real Estate Lending Decision Regarding Golden Shares
(DBN)

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Personal Bankruptcy:

Chicago, You Have a Problem With Bankruptcy Lawyers
(DBN)

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Discharge:

Resolving One “Actual Fraud” Nondischargeability Problem But Creating Another: U.S. Supreme Court in Husky International v. Ritz
(DBN)

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Advisors:

Notice of Appearance: Larry Perkins, CEO and Founder of Sierra Constellation Partners
(DBN)

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Debt Collection:

Discovery Rule Does Not Apply to FDCPA Statute of Limitations
(DBN)

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Marijuana:

Cannabis lobby heads to Washington to woo US lawmakers
(DBN)

The Newest Allies for Pot Legalization: Conservatives
(DBN)

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Conglomerates:

GE is shrinking its empire but not fixing its debt crisis
(DBN)

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Student Debt:

39% of college students would consider dropping out to avoid more debt
(DBN)

The government may forgive your student loans if you meet these demands
(DBN)

9 in 10 Americans failed this short quiz about student loans
(DBN)

Democratic Lawmaker Wants to Repeal GOP Tax Cuts to Alleviate Student Loan Debt
(DBN)

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Autos:

Here is the federal labor complaint the United Auto Workers just filed against Tesla
(DBN)

Elon Musk's Twitter rant is a smoke-and-mirrors tactic that hides the disturbing truth about Tesla
(DBN)

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UK:

The global law firms looking to Ireland as a 'Brexit insurance policy'
(DBN)

MPs accuse Linklaters of being Russian stooge unfit to practice
(DBN)

Just 11 black law students admitted to Oxford University in three years
(DBN)

From Maplin to Carillion: To end bad management we need to protect unsecured creditors
(DBN)

The man behind the official Leave campaign says Brexit is now a 'train wreck'
(DBN)

UK home improvement chain Homebase sold for a nominal £1
(DBN)

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PIIGS:

How Worried Should We Be about an Italian Debt Crisis? EU sovereign debt fix fails Italian test Italy delivers a ‘worst-case scenario’ — but here’s what’s reassuring investors One Bank Discovers A ‘Staggering’ Stat Amid Italian Bond Selloff
(DBN)

New Italian Government Puts Oldest Italian Bank Back On Life Support
(DBN)

Creditors Fail to Reach Deal on Greek Debt Relief EU kicks final Greek debt talks into June IMF, Berlin still divided over Greek debt but progress in sight
(DBN)

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Canada:

15 people injured after 2 men set off a bomb at a restaurant in Canada, police say
(DBN)

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India:

Why no one wants India's national airline
(DBN)

Corporate debtors must get shareholders’ approval to initiate insolvency process
(DBN)

IBC not being used to full extent; CoCs need to do more: MS Sahoo
(DBN)

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Malaysia:

1MDB 'insolvent', unable to service its debt: Finance Minister Lim Guan Eng Malaysia says finance ministry has been bailing out 1MDB Scrutiny of ‘insolvent’ 1MDB wealth fund intensifies as ex-PM Najib Razak is questioned again in corruption scandal
(DBN)

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Caymans:

Shining a Light on Validation Orders in Cayman Insolvency Proceedings
(DBN)

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China:

China’s strategy for world domination: debt traps
(DBN)

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