May 3, 2018

The Daily Bankruptcy News

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Law:

Biglaw Firm Set To Slim Down For Summer By Conducting Layoffs
(DBN)

How Are In-House Counsel Spending Their Money?
(DBN)

'Mommy Track' Lawsuit Aside, Many Firms Look to Make Life Easier on Parents
(DBN)

NJ Justices Toughen Ethics Suspension For Bankruptcy Attorney
(DBN)

8 networking tips for people who hate networking
(DBN)

Judge cites Instagram photos in sanctioning lawyer for family emergency excuse
(DBN)

A Review Of Roman Israel, Esq.: Idealism vs. Having Enough Money To Eat
(DBN)

Paul Hastings Helps the Power Rangers Find a New Home
(DBN)

Should Top Law Schools Care About Innovation?
(DBN)

14 Ways Law Firms Are On-Point With Their Tech Game
(DBN)

Legal Departments See Cost-Controlling Value in Technology
(DBN)

Millennial Lawyers Need Mentors, But The Legal Profession Is Slacking
(DBN)

Ryan Can Cash In with Law, Lobbying Firms After Leaving Congress
(DBN)

ABA’s Focus on Lawyers’ Well-Being Is ‘Right Thing to Do’
(DBN)

Trump is on the warpath against Mueller's questioning — but he might not be able to take the heat Trump Goes to War with Mueller Trump escalates GOP's clash with Justice Department Ukraine, Seeking U.S. Missiles, Halted Cooperation With Mueller Investigation Jay Sekulow Wrote Those Questions? He Really Is The Dumbest Lawyer In America It’s Giuliani Time! Rudy Ritualistically Suicides One Case To Try To Save Trump From Another Rudy Giuliani Somehow Manages to Make Everything Worse Rudy Giuliani contradicts Trump, says the president knew about Michael Cohen’s $130,000 payment to Stormy Daniels and reimbursed Cohen for it Rudy Giuliani's revelation that Trump 'reimbursed' Cohen for the Stormy Daniels payment just made the DOJ's case against both men 'a whole lot stronger' 'They better have an explanation for that': Laura Ingraham says Rudy Giuliani just created a major problem for Trump in the Stormy Daniels case Giuliani: Trump fired Comey because he wouldn't tell him he wasn't a target in the Russia probe Jared Kushner is 'disposable' as far as Rudy Giuliani is concerned Trump Lawyers Said to Lack Security Clearance Amid Mueller Talks There's no scenario where Trump could come out unscathed from an interview with Mueller, experts say
(DBN)

Trump threatens to use his 'powers' and get 'involved' at the Justice Department President Donald Trump Threatens Justice Department With… Something Trump threatens to 'get involved' with Justice Department over 'rigged system' on Russia, Clinton
(DBN)

Ty Cobb Is Out, Emmet Flood Reportedly In as Trump Team Reshuffles Again Ty Cobb Out: Trump plans to replace White House lawyer with Bill Clinton's impeachment attorney to take on Mueller Trump loses another lawyer — Ty Cobb to leave, Clinton impeachment attorney Flood reportedly on deck Trump's White House has had unprecedented turnover: Lawyer Ty Cobb is the latest to leave Ty Cobb Out, Emmet Flood In, Constitutional Crisis Looms Special counsel interview with Trump 'not off the table': outgoing White House attorney Ty Cobb says
(DBN)

Mueller subpoena of Trump could spark historic legal clash Can Trump be forced to testify? Legal precedents suggest yes
(DBN)

Before working for Trump, Michael Cohen was a personal injury lawyer Melania Trump could end up being a key figure in the case against embattled Trump lawyer Michael Cohen
(DBN)

Trump Has Lots of Legal Problems
(DBN)

7 states file suit claiming Obama violated take care clause by creating DACA
(DBN)

Planned Parenthood is suing the Trump administration
(DBN)

Kim Kardashian spoke with Kushner about pardoning drug offender
(DBN)

Black men who were arrested at Philadelphia Starbucks settle with the city for $1 each
(DBN)

Lawyer who hosted elder law radio show is accused of stealing $1.9M from clients
(DBN)

Lawyer Fired After Sending S-- Contract To Junior Employee. Naturally He Sues.
(DBN)

2 Center for Constitutional Rights officials are denied entry into Israel
(DBN)

Fake Designer Handbags And Fake Lawyers
(DBN)

Teen Arrested in Mall Mass Shooting Plot
(DBN)

Redskins cheerleaders say they were forced to pose n--- and serve as e------ for male sponsors of the team in horrifying New York Times report
(DBN)

Veterinarian charged with smuggling heroin by surgically implanting it in puppies' bellies
(DBN)

Over 50 'caravan' migrants allowed into US
(DBN)

Drivers race to scoop up cash after Brinks truck dumps on highway
(DBN)

Suit argues animals have the right to sue their abusers
(DBN)

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Judges:

Retired U.S. bankruptcy judge dies in Little Rock at 80
(DBN)

Ensure That All Understand the Importance of an Independent Judiciary
(DBN)

More Judicial Nominations From President Trump — And More Judicial Emergencies
(DBN)

It’s Okay To Miss A Court Deadline Because Of Sportsball
(DBN)

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Wall Street:

U.S. stocks poised for mild bounce, with Tesla in focus Futures point to flat open amid US-China trade talks, earnings
(DBN)

Stocks tumble as Fed holds rates steady and corporate earnings disappoint
(DBN)

Mark Mobius: Investors need to be prepared for a 40% stock-market crash
(DBN)

Why the stock market is falling amid the best first-quarter results in 24 years
(DBN)

Wall Street’s Big Gender Lawsuit Is 13 Years in the Making
(DBN)

Wall Street is sleepwalking past these 3 looming market risks
(DBN)

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Layoffs:

NM call center could lay off 100 workers
(DBN)

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Retailing:

Even Wall Street Couldn’t Protect Toms Shoes From Retail’s Storm
(DBN)

Babies R Us: Failing Store, Rising Grace
(DBN)

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Climate:

California’s next megaflood would be worse than eight Hurricane Katrinas
(DBN)

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Food/Beverage:

Subway's CEO is stepping down as the chain closes hundreds of stores amid franchisee backlash
(DBN)

Amazon could make Whole Foods cheaper than most grocery stores
(DBN)

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Currency:

Nouriel Roubini says bitcoin is ‘bulls–--’ and only attracts ‘suckers’
(DBN)

Goldman Sachs plans to open a bitcoin trading operation
(DBN)

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Pharma:

President Trump wants to go 'much further' to attack high drug prices, HHS secretary says
(DBN)

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Solar:

Trump’s Solar Tariffs Cause a Scramble in the Industry
(DBN)

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Personal Finance:

The worst mistake you can make in the final round of a job interview, according to an HR director
(DBN)

How to write LinkedIn recommendations that will make your coworkers love you and could even boost your own career
(DBN)

Baby boomers are getting 'hands on' with their own 'bespoke' funerals
(DBN)

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Defaults:

US Leveraged Loan Default Rate Dips to 2.37%
(DBN)

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Mass Torts:

Appeal Likely To Decide Future Of NYC Asbestos Court; Defendants Fed Up With Their Treatment
(DBN)

Compensation still unknown for health issues caused by Kerr-McGee sites
(DBN)

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Economy:

Fed holds interest rates steady, says inflation is close to its target FOMC Statement: No Change in Policy Fed holds rates steady but points to higher inflation Text of May FOMC statement Here's what changed in the new Fed statement Even without a rate hike, the Fed's stance on inflation means more bad news for borrowers Federal Reserve keeps interest rates steady as it acknowledges budding inflation pressure The Fed Is Satisfied, for Now
(DBN)

The fate of future Fed hikes could linger in Friday’s jobs report
(DBN)

Hiring jumped 19.8% in April, a LinkedIn report shows
(DBN)

U.S. Lifts Debt Sales as Deficit Grows, Plans 2-Month Bills
(DBN)

The global economy is getting stronger? Not according to these charts
(DBN)

U.S. adds 204,000 private-sector jobs in April, ADP report shows ADP: Private Employment increased 204,000 in April
(DBN)

Trump's new trade idea may be his worst mistake yet America First meets China Inc. Tariff Exempt Countries to be Given Quotas US trade delegates arrive in China in bid to negotiate an unlikely trade breakthrough President Trump's trade shakeup hasn't delivered the 'better deal' he promised We should dedicate the 'utmost effort' to strengthening the open trade system, development bank says Trump might be about to escalate his trade fight with China China Defiant on U.S. Trade Threats
(DBN)

Apple just fueled everyone's biggest fear about how companies will use their extra tax-reform cash Marco Rubio reverses course again, praises Republican tax law days after saying there's 'no evidence' it helps American workers
(DBN)

10 cities in the US where the American Dream is alive and well
(DBN)

The Rust Belt, the Corn Belt, and every other 'belt' in the USA
(DBN)

Optimism rules at this year's Milken conference
(DBN)

61 million Gen Zers are about to enter the US workforce and radically change it forever
(DBN)

4 life goals Americans are putting off because they can’t pay their debt
(DBN)

Already, the idea of a guaranteed job for all is polling pretty well
(DBN)

The biggest company in almost every US state
(DBN)

Why are women retiring with up to $1 million less than men?
(DBN)

Global gold demand drops to lowest in a decade
(DBN)

Trump's visa clampdown is threatening the jobs of skilled workers in Silicon Valley — but it's good news for certain unemployed Americans
(DBN)

46% Favor Government Guaranteed Jobs for All
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Cramdown: Can “Dirt-for-Debt” Qualify as the Indubitable Equivalent of a Secured Claim?
(DBN)

Seriously underwater properties see smallest ever annual decrease
(DBN)

"White-boxing": Sellers are increasingly stripping out luxury homes instead of tricking them out
(DBN)

New data shows there is no housing affordability crisis
(DBN)

Mortgage demand drops 2.5% on the highest rates in nearly 5 years MBA: Mortgage apps continue downward spiral
(DBN)

There are rental bubbles forming in cities all around the US
(DBN)

GE warns its subprime mortgage unit could file for bankruptcy
(DBN)

How Lease Agreements Can Protect Against Risk in Single-Tenant Office Assets
(DBN)

Condo Sales Stall at Trump Tower
(DBN)

Judge Enters $24M Award Against Commercial Tenant Over 'Frivolous' Delays in Lease Dispute - "Numerous Bankruptcy Filings"
(DBN)

Texas attorney pleads guilty to $5M mortgage fraud scheme
(DBN)

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Municipalities:

Puerto Rico’s Overseers Are Unimpressed With the Four-Year Wait for Financials
(DBN)

Puerto Rico Shows Why Banks Still Need To Be Under Dodd-Frank
(DBN)

Housing Challenges Mount for Puerto Ricans Who Fled to the Mainland After Hurricane Maria
(DBN)

Puerto Rico board, Rosselló clash on policy, agree on debt
(DBN)

The Feds Outlawed a Key State and Local Refinancing Tool. Now What?
(DBN)

The Facts Behind The Teacher Strikes
(DBN)

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Oil/Gas:

Saudi Arabia Needs $88 Oil
(DBN)

Texas Sees Unparalleled Economic Boom From Oil Prices
(DBN)

Citi: U.S. To Become World’s Top Oil Exporter
(DBN)

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Travel:

Southwest plane with a cracked window diverts to Cleveland
(DBN)

7 expensive travel blunders and how to avoid making them
(DBN)

Secret Fares May Change the Way You Fly
(DBN)

Air Canada Plane Missed Others by Just 5 Feet
(DBN)

The 25 best restaurants in the world, according to millionaire private jet owners
(DBN)

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Healthcare:

Serenity Place bankruptcy filing shows sharp revenue decline
(DBN)

Artificial intelligence is helping to transform the way elderly people are cared for
(DBN)

The latest health care CEO compensation numbers
(DBN)

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Celebs:

Chef Jose Garces Announces Partnership Amid Bankruptcy Filing Jose Garces Sells His Restaurant Group, Enters Bankruptcy Garces Group files for bankruptcy after years of financial instability
(DBN)

Jeff Bezos, the richest person in the world, thinks it's possible to blow through his entire $131 billion fortune — and he has one big purchase he plans to spend it on
(DBN)

What this billionaire WWE co-founder learned from bankruptcy, after having her car repossessed and house auctioned off
(DBN)

A former US Olympic medalist is switching countries because of financial pressures
(DBN)

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Guns:

US judge approves gun maker Remington's bankruptcy plan Remington Set to Exit Bankruptcy Under New Ownership Remington Outdoor Company Plan of Reorganization Confirmed by the Court
(DBN)

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Candy:

Necco to be auctioned off in bankruptcy court on May 23
(DBN)

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Autos:

Tesla Posts Quarterly Loss When will Tesla run out of cash? Tesla Sets Another Record for Losses Tesla beats earnings expectations, cuts expenses and promises profits Musk: Don't Worry About Tesla's Cash Burn Tesla stock drops as Elon Musk gives bizarre earnings call Analyst to Elon Musk: You've Got to Grow Up Elon Musk acted like a jerk, and Tesla stock paid the price NHTSA to Tesla: That's Not What We Said Tesla says its days of burning massive amounts of cash are coming to an end even as it reports another loss Musk on raising more money in 2018: 'I specifically don't want to'
(DBN)

Beware U.S. Auto Parts Network; Stock Could Be A Zero
(DBN)

Auto Loan Rates exceed 5% for 3rd Straight Month
(DBN)

Annual Vehicle Sales: On Pace to be unchanged in 2018
(DBN)

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Transit:

People Really Pissed Over Electric Scooters
(DBN)

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Fraud:

Elderly Losing $37 Billion a Year to Fraud
(DBN)

Former Trump University professor: 'Every morning I wake up and think Mueller, go question him, get him under oath'
(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 (36 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (13 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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Valuation:

Courts Have the Flexibility to Select Valuation Date in Cram Down Scenario; Fifth Circuit Remands to Bankruptcy Court for Re-valuation Based On Improper Deduction of Waived Fees
(DBN)

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Avoidance Actions:

Nondebtor Transfers Fall Outside the Scope of the Delaware UFTA
(DBN)

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Insiders:

SCOTUS Recap: What Lies Ahead For the Lower Courts’ Tests for ‘Non-Statutory Insiders’
(DBN)

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Politics:

The economy is the top issue in midterm races
(DBN)

The Revolt of Trump's Fixers
(DBN)

Republican lawmakers nominate Trump for Nobel Peace Prize Trump’s new quest: A Nobel may prove irresistible
(DBN)

North Korea reportedly hands Trump another big win by releasing US prisoners
(DBN)

Follow The Money? - Why The US Is Still In Syria
(DBN)

Elizabeth Warren leads poll for Democratic presidential primary
(DBN)

Shrinks: Trump a Clear and Present Danger
(DBN)

Kansas to Pay Kobach's Contempt of Court

Roger Stone Now Pleading for Financial Help
(DBN)

'God damn you to hell!': Former Trump campaign consultant explodes at Democratic Senate aides after he loses his house to legal fees in 'witch hunt' congressional Russia probe
(DBN)

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Student Debt:

Income-Driven Repayment Plans And Student Debt Forgiveness Are Not Going Anywhere
(DBN)

Employers Likely to Ramp Up Student Loan Repayment Benefits
(DBN)

Will Student Debt Repayment Support Become Table Stakes?
(DBN)

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Musical Instruments:

Goodwin, Pepper Hamilton Play Lead in Gibson Guitars Ch. 11
(DBN)

Gibson says bankruptcy filing won't affect Bozeman guitar factory
(DBN)

Gibson Guitar Was Stiffing Its Top Suppliers for Months
(DBN)

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Tech:

Cambridge Analytica is shutting down according to the Wall Street Journal Cambridge Analytica files for bankruptcy after Facebook scandal Cambridge Analytica: Skepticism over data firm's claim it is bankrupt, shutting down Cambridge Analytica data inquiry to continue despite bankruptcy Cambridge Analytica To Shut Down After Being 'Vilified' In Facebook Backlash After Cambridge Analytica shut down, Investigators warn that they can run, but they can't hide The Cambridge Analytica power players set up a mysterious new data firm — and they could use it for a 'Blackwater-style' rebrand
(DBN)

Inside Mark Zuckerberg's surprise interview at the Rosewood hotel, where he guaranteed everything was about to change
(DBN)

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Entertainment:

How bankruptcy law could keep money — and the truth — from Weinstein’s victims
(DBN)

Weinstein Co. Seeks to Depose Group Supporting Harvey Weinstein Accusers
(DBN)

Remains of the Weinstein Company sold -- to the only real bidder
(DBN)

Amityville Rights Holders Look To “Get Out” Of The Weinstein Co. Bankruptcy Sale
(DBN)

Undeterred, Broadway Producer Ups Offer For The Weinstein Co. To $325 Million
(DBN)

Relativity Media Aims to Be the Next Big Hollywood Reboot Relativity Media Lines Up Sale To NY Investor Group & Chapter 11 In Bid To Revive Slate And Netflix Deal
(DBN)

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Telecoms:

Sprint merger reduces bankruptcy risk for spectrum ABS, Moody's says
(DBN)

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Marijuana:

Businesses are beginning to drop marijuana from drug tests
(DBN)

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Radio:

La Crosse area radio group settles debt, seeks to end bankruptcy
(DBN)

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How Brexit could end flights in and out of the UK
(DBN)

UK:

Theresa May signals Brexit retreat on the customs union as Downing Street say her position is 'evolving'
(DBN)

Thirty injured in explosion at Jewish celebration in London
(DBN)

EU predicts bright outlook for economy, tougher times for UK
(DBN)

Maplin creditors stand to lose £217m after collapse
(DBN)

Government is a top offender in paying small firms late
(DBN)

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EU:

A ‘sinister’ element could be weakening Europe’s growth, Citi economist says
(DBN)

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Canada:

VI Fitness locks doors at its eight Island gyms, files for bankruptcy Vancouver Island fitness chain files for bankruptcy
(DBN)

New Aberdeen Garden Townhouses Inc. files for bankruptcy
(DBN)

The typical Canadian home has never been so expensive
(DBN)

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MENA:

Palestinian leader Abbas roundly condemned for saying Holocaust caused by Jewish financial activity
(DBN)

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Caymans:

Cayman Islands wants to block move to bring transparency to tax havens
(DBN)

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India:

India's Economy Will Work When Its Women Do
(DBN)

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Venezuela:

Venezuela creditors coalesce in preparation for debt talks
(DBN)

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Croatia:

Agrokor turnround should focus on the business, not its owners
(DBN)

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South Korea:

GM to provide loans to Korean unit, state-run bank to receive shares -sources
(DBN)

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Brazil:

Brazil Faces Default Risk After Missing Venezuela Loan Alert
(DBN)

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