May 4, 2018

The Daily Bankruptcy News

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Law:

Lawyer population 15% higher than 10 years ago, new ABA data shows
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Kirkland Is Killing It
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Young Lawyers Call For Revamping of Law Firm Offices to Meet New Industry Needs
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Former Quinn Emanuel secretary dismisses his racial bias suit against firm
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Ex- bankruptcy lawyer admits to embezzling $1.8M from clients
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Get Up From Your Desk: 5-Minute Walks Are Just as Good for You as Long Ones
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The Law Schools With The Most Underemployed Graduates (2017)
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Graduating Law School Without A Job? Let’s Have A Chat About That…
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2018 Graduation Speaker Roundup
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Avoid Lazy Lawyering
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Law Departments Are Seeing More Class Actions, No New Staff to Manage Them, Survey Says
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After Waiting Out Baker Botts' Notice Period, Shearman Finally Opens in Houston
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Rudy Giuliani dropped an ominous hint about whether a Trump-Mueller interview is going to happen Trump argues Stormy Daniels payment was legal after bombshell from lawyer Rudy Giuliani What Campaign Finance Lawyers Are Saying About Giuliani's Stormy Comments Rudy Giuliani made another huge admission about the Stormy Daniels case that experts say puts Trump in legal jeopardy Trump confirms he reimbursed Cohen for Stormy Daniels payment; was it a campaign finance violation? Sanders struggles to explain Trump's involvement in Stormy Daniels payment 'Were you lying...? Or were you in the dark?': Trump's payoff story sparks credibility crisis for White House's Sanders Rudy Giuliani sends Trump into Stormy waters Giuliani explains why he revealed that Trump paid back Cohen for Stormy's hush money Giuliani: Trump Didn't Know About Payment Trump Tweets About Cohen Payment Are Facially Unbelievable, Incoherent, And Unethical The $130 K Stormy Daniels payoff: Was it campaign money? Giuliani Blasted for Stormtrooper Comment Giuliani’s Defense Only Intensifies the Legal Risks for Trump Does Giuliani Have a Plan, or Is This Just a Freakout? Trump's new bull in the ring President Trump says reimbursing Cohen for Stormy Daniels payment had ‘nothing to do with the campaign’ Giuliani’s interview with Hannity was more strategic than you think. But here's where he fumbled Rudy Giuliani says Trump son-in-law Jared Kushner is 'disposable,' warns against investigating Ivanka Giuliani: If Mueller goes after Ivanka Trump 'the whole country will turn on him' Rudy Giuliani: the five ages of Trump's loyal, long-serving friend Here's the real danger for Trump and lawyer Michael Cohen in the growing Federal investigation Michael Cohen goes through the wringer for Trump
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Our First P--- President
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Mueller focusing sharply on ties between Roger Stone and former Trump campaign official Rick Gates: Sources Special counsel Mueller seeks 70 subpoenas for trial of Paul Manafort White House: President Trump 'doesn't have to justify his decision' to fire James Comey James Comey’s Judgment Days Trump and Robert Mueller’s great game of chicken
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The FBI Is in Crisis and America Is Paying the Price
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Federal investigators reportedly wiretapped Trump lawyer Michael Cohen's phones Of Course They Had A Wiretap On Cohen’s Phone, They’re Trying To Put Him In Jail, People Trump goes after NBC for correcting wiretap story
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27 more women have accused Charlie Rose of harassment — and some say managers knew Charlie Rose's Misconduct was Widespread 9 members of Congress who were forced out of office by misconduct scandals Nobel Prize in literature for 2018 postponed after abuse claims Film Academy Expels Polanski and Cosby The Scandal Tearing Apart America's Largest Protestant Denomination Harvey Weinstein's Legal Team Adds Alan Dershowitz as Consultant The #MeToo movement lawyers up
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Golden State Killer suspect must provide new DNA samples and fingerprints, judge rules
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The unlikely story of how Kim Kardashian West and Jared Kushner are teaming up to free a 62-year-old grandmother from prison
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Jeff Sessions said immigrants should 'wait their turn' to come to the US — here's how complicated that process can be
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Nearly half of the migrants in the caravan that Trump warned 'had better be stopped' have already entered the US
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Sessions sends more prosecutors, supervisory judges to border to handle immigration cases
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Meet Kristen Gibbons Feden, the 35-year-old prosecutor who took down Bill Cosby
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4 horrifying networking stories that explain why people hate it so much
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Man charged with shooting smoke detector to quiet it
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Banks Thought They Had a Win With Guns. Now They’ve Got a Big GOP Headache Ten Takeaways About Americans' Views of Guns
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DNA match sought to Zodiac Killer after break in other case
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Lawyer who received $20K on ‘Ellen’ show is charged with smuggling contraband to inmate
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S-- workers turned lawyers face jail
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Baltimore to Pay Largest Settlement in City History — $9 Million — to Man Wrongfully Convicted of Murder
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Lawyer disbarred after High Court headbutt
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Judges:

Judge who sued neighbor over urinating cat got case records sealed; law prof seeks access
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Former judge with too-perfect performance reviews admits faking anxiety to get pension
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Jumping into the debate on Gorsuch’s writing style, a Yale researcher runs a computer analysis
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Federal Judge Vents Frustration In GIF Form
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High Court Balance at Stake as Kennedy Retirement Talk Heats Up
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Biglaw Partner Makes A Name For Himself Sending A Second Circuit Judge To Jail
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Wall Street:

U.S. stock futures tip lower in countdown to jobs data US stocks set for a slightly positive open as US jobs report, trade talks dominate
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Dow erases loss of nearly 400 points
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Stocks face critical technical test as worries about Trump and trade escalate
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Layoffs:

Automation, M&A Lead to 1000+ Job Losses at CenturyLink
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Retailing :

This is how small and midsize retailers survive — and even thrive — in an Amazon world
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American Apparel Is Venturing Back Into Brick-and-Mortar Stores American Apparel is opening a store for the first time since bankruptcy
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An Amazon worker noticed 'awful smells' coming from warehouse trash cans, then realized coworkers had been peeing in them
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Steinhoff to Meet With Lenders May 18 in London to Discuss Debt
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Pensions:

Central States Pension Plan tells retirees the fund will be insolvent by January 2025
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The Just Born Case: Responding to the Multiemployer Pension Crisis Appeals Court Rules Against Just Born in Pension Dispute
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Radio:

Goodbye, Bankruptcy? This AM/FM Owner Seeks Reboot Nod
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Economy:

Unemployment close to breaking below 4% barrier: What to watch in April jobs report April job growth expected to be strong and unemployment could hit a new generational low Weekly Initial Unemployment Claims increase to 211,000, 4-week average lowest since 1973
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Goldman: April Payrolls Preview April Employment Preview
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Warren Buffett: US economic growth is stronger than the 2% or so average since the financial crisis
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How the Fed’s removal of two words set off a firestorm of confusion The Fed is looking clueless about economic growth that is in the late innings
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ISM Non-Manufacturing Index decreased to 56.8% in April
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Trade Deficit at $49.0 Billion in March
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The New York Fed Does the Heavy Lifting
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1,100 economists warn that Trump is repeating one of the biggest mistakes of the Great Depression
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Trump's top economic advisers are embarking on a trip that could make or break the US-China trade fight Aluminum spikes as tariff uncertainties loom What the U.S. wants from China on trade Here's how sensitive the stock market has become to ‘trade war’ talk U.S. hands China a lengthy list of trade demands — including a $200 billion cut to trade gap The US-China trade discussion is just getting started, so experts don't expect much yet Mnuchin says having good conversations in China A full-blown, US-China trade war would mean 'significant' blow to global growth China Is Already Canceling U.S. Soybean Orders U.S.-China Trade Talks End With No Deal
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Steve Mnuchin's blind spot on U.S. jobs
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Paying for Medical Crises, Retirement Lead Financial Fears
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Even Republican voters are starting to lose faith in the GOP tax law Krugman: Apple and the Fruits of Tax Cuts
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3 vital ways to measure how much a university education is worth
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Pain at the pump: Gas prices hit three-year high
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Crab crisis: Md. seafood industry loses 40 percent of workforce in visa lottery
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Why farmers are getting less and less of every dollar Americans spend on food
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White House Will Ask for $11 Billion in Spending Cuts: Reports
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US Debt Clock
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World Debt Clock
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How People Really Live
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Real Estate:

Fannie and Freddie: REO inventory declined in Q1, Down 30% Year-over-year
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Uber and Lyft are changing where rich people buy homes
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A luxury apartment in NYC costs $4,416 a month—here’s what it costs in 11 other US cities
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NYC luxury housing market saturated with inventory, says celebrity realtor
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How much it costs to live in the most expensive ZIP code in New York
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Airbnb cost New York City renters $616 million in 2016, city says
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With $8M in Liabilities, Treehaus in Midtown East Files for Bankruptcy
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The rise of renting in the U.S. isn’t just about high housing prices, or preferences for city living
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Municipalities:

PR Government Evaluates Future of Public Buildings, May Enter Bankruptcy
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Still no power: The Puerto Ricans providing aid in the dark
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Increasing Civil and Criminal Enforcement in the Municipal Bond Market
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Arizona teacher strike pays off with 20% wage hike
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With no let-up in home prices, the California exodus surges
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Oil/Gas:

Will Higher Oil Prices Destroy Demand?
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Is Russia's oil sector headed for a nosedive?
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Autos:

Elon Musk has completely stopped hiding his contempt for Wall Street — and he's paying the price Short-seller Mark Spiegel says Tesla stock is worth 'zero' Tesla analysts call out Elon Musk after ‘truly bizarre’ conference call Here's what every major Wall Street analyst had to say about Tesla's results, Musk's peculiar call Tesla's CEO 'Not Cool' Since He Just Bit The Hand Of The Capital Markets Which Keep Tesla Alive One analyst Musk cut off says: 'This is a financial analyst call, this is not a TED talk' Musk’s behavior during Tesla's earnings call is ‘not a good sign,’ says Herb Greenberg Elon Musk is acting like he 'plans to never need to raise capital again' Elon Musk has a lot going on, and it may be coming at the expense of Tesla Is Tesla In As Much Trouble As Wall Street Thinks?
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Tesla's Elon Musk: Uber-Airbnb-type sharing of electric, self-driving cars is the 'obvious' future Elon Musk said Tesla's Uber-like car service will probably arrive by the end of 2019
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GM trust, with new counsel, revisits deal in long-running bankruptcy case
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Ferrari CEO says that nearly all cars will be hybrids by 2022
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Ex-Volkswagen CEO Winterkorn charged in US over diesel scandal
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Politics:

House Chaplain rescinds resignation after uproar over his removal
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Trump Viewed Less Negatively on Issues, but Most Americans Critical of His Conduct
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Thinking the Unthinkable: What If Trump Succeeds?
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Trump's North Korea strategy won't go far with Iran Trump looks like he's seriously considering pulling US troops out of South Korea
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Trump leads National Day of Prayer event after saying he repaid lawyer for hush money to p--- star
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3 top aides to embattled EPA chief Scott Pruitt quit amid ethics investigations
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The Trump Organization just quietly announced it's collecting sales tax in a new state — weeks after Trump savaged Amazon over its policies
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Jade Helm Hysteria Spread by Russians
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Fox's Cavuto Eviscerates Donald Trump
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Pruitt Secretly Bought a Home with a Lobbyist A Pruitt Aide's Attack on Zinke Angers the White House
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Trump’s Appointees Pledged Not to Lobby After They Leave. Now They’re Lobbying.
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Musical Instruments:

Guitar maker Gibson Brands' $135 million in DIP financing approved by bankruptcy court
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Gibson Brands Looks To Noteholders To Shore Up Core Business In Bankruptcy
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New Bankruptcy Opinions
(9 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Chapter 7, 12 & 13 Private Trustee Locator
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Recent Ch. 11 Filings (68 new filings today)
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Recent Ch. 11 Adversary Proceeding Filings (5 new filings today)
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Bankruptcy Code (html) - Bankruptcy Code (pdf) Prior BK Codes (pick year from list) - Bankruptcy Rules
(large downloads)

UCLA-LoPucki Bankruptcy Research Database
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Bankruptcy Jobs:

(1) (2) (3) (4) (5) (6) (7) (8)
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Seminars - (Contact us to list your seminar)

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Bankruptcy Statistics:

Filings Continue to Decline Nationally and Locally (BK ED WA)
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Miscellaneous:

April 2018 - Recent Developments in Bankruptcy Law Update
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Appeals:

The Appeals Begin When the Petition Is Filed
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Student Debt:

“Undue Hardship” Discharge — The Top Priority for Student Loan Solutions
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3 ways to get money for your student loan debt
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Equity:

How far can we push Law v. Siegel?
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SCOTUS:

Supreme Court Bankruptcy Thoughts: Scope of Safe Harbor and Appellate Review
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Tech:

Cambridge Analytica Files For Bankruptcy As Its Execs Form 'Emerdata'
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Personal Finance:

6 of the most lucrative credit card bonuses you can get when you open a new card this month
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Guns:

Remington, the Gun Maker, Is Set to Exit Bankruptcy
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AcuSport to be sold amid bankruptcy filing
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Trump to take center stage at NRA convention as gun industry faces backlash and weak demand
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Healthcare:

Bridgeport Health Care Center filed for bankruptcy
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Staff fears for pensions amid Bridgeport nursing home bankruptcy
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4 Million More Uninsured as Trump Chips Away at Obamacare
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Entertainment:

Struggling Studio Relativity Re-Enters Chapter 11 for Deal With Investor Group Relativity Media Files for Chapter 11 Again After Racking Up $500 Million-Plus Debt in 2 Years
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Last-minute Weinstein Co bidder returns with higher offer Insiders Skeptical Of Howard Kagan's Late Bid For The Weinstein Company
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Aviation:

Hawaiian Airlines shares tumble after Southwest plans 'low fares' between islands
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Biofuels:

Ethanol Cronyism on the Ropes
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Newspapers:

Denver Post Editor Quits After Bashing Owner
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Education:

American Higher Education Hits a Dangerous Milestone
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Fraud:

Manhattan Art Dealer Faces Federal Prison Over Investor Scam
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Former Cantor Fitzgerald mortgage bond trader found not guilty of securities fraud
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Celebs:

Philly's 'Iron Chef' announces bankruptcy , sale of restaurant empire Investors seek to block Garces' bankruptcy
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Sovereigns:

Cuba Creditor Hires Lawyer Who Won Argentina Debt Settlement
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Brazil will insist Venezuela, Mozambique pay back debt
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UK:

The government is massively underprepared for the 'impossible challenge' of Brexit, according to a damning report from MPs
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India:

In bankruptcy proceedings, lenders propose judges dispose
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Lenders fret as insolvency cases miss deadlines, hope delays yield better returns
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Rescuing The Home Buyers Under The Insolvency Law.
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Australia:

Many Red Rooster restaurants at risk of bankruptcy , Senate inquiry told
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China:

Refresher On Creditor Options For A Restructuring Or Enforcement Of PRC Offshore Debt.
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