May 7, 2018

The Daily Bankruptcy News

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Law:

Legal Employment Ticks Up in April
(DBN)

Equal Pay Pioneer Reflects On What It’s Like To Sue A Biglaw Firm
(DBN)

Associates Suing MoFo Ask For Pseudonyms
(DBN)

For Firms Welcoming Summer Associates, It's Time to Think Outside the Bottle
(DBN)

3rd Circ. Refuses To Nix Ex-Law Prof's Syllabus Settlement
(DBN)

On Derby Day, One Big Law Firm Had A Special Stake
(DBN)

Thomas Cooley Law School Campaign To Defend Its Reputation Ends In Backfire So Epic The Quote ‘Minstrelsy Was Fun’ Comes Up Some choice words from the founder of Thomas Cooley Law School, Thomas Brennan
(DBN)

Law School Official Arrested In Ongoing Probe Involving ‘Several Million Dollars Of Questionable Expenses’ — So Of Course There Are Hooters Receipts
(DBN)

Another Law School Joins The Legal Innovation Movement With New Lab
(DBN)

Texas Bar Results Are In And… It’s Bad
(DBN)

Why We Must Stop Relying On Student Ratings Of Law School Teaching — Like The University Of Oregon Is Doing
(DBN)

Women Are Flocking To Law School Thanks To Donald Trump
(DBN)

Stop Procrastinating, Lawyers!
(DBN)

The True Cost Of Interruptions For Lawyers
(DBN)

(Don’t Just) Show Me The Money!
(DBN)

Pa. Attorney Blabbed About Confidential Depo, KeyBank Says
(DBN)

US firms ramp up City presence as latest lateral figures highlight aggressive London recruitment
(DBN)

'Come on, man!': A federal judge cast serious doubt on Mueller's case against Manafort and suggested he's using it to get Manafort to flip Judge Orders Full Memos on Scope of Mueller Probe Mueller's prosecutors dropped a telling hint about Manafort's case to a federal judge this week Judge Rejects Mueller Request for Delay Trump confidant Tom Barrack questioned by Mueller's team Trump Won't Sit Down for Mueller's 'Bad Faith' Investigation, DiGenova Says Mueller Probe Might Have to Go Dark for Midterm Election Dershowitz: Trump team playing into Mueller's hands Manafort: Employee Who Let Feds In Lacked Authority to Do So Russian Company's Lawyer Plays Hardball in Mueller Investigation Trump's Russian Mob Ties Biggest Liability
(DBN)

Rudy's return to the television circuit Giuliani: Trump could plead the 5th in the Russia investigation Giuliani says Trump doesn’t have to comply with Mueller subpoena Giuliani statement on Comey firing could hurt White House position on obstruction No, Giuliani Did Not Implicate Trump In Obstruction of Justice In Comey Comments Trump Ends Giuliani Week With Traditional Ceremony Under The Bus Giuliani suggests it's possible Michael Cohen paid off other women to stay silent about alleged affairs with Trump Giuliani and the “Zero” Defense Giuliani Leans Against Trump Walking Into Mueller’s "Trap" Both Trump and Cohen Just Said Giuliani Doesn’t Know What He’s Talking About
(DBN)

Cohen Stockpiled Money for Trump Loose Ends How Michael Cohen, Trump’s Fixer, Built a Shadowy Business Empire Trump reportedly knew about Michael Cohen's $130,000 payment to Stormy Daniels long before he denied any knowledge of it Carl Bernstein: Michael Cohen Payments Have 'All the Appearances of a Campaign Slush Fund' Trump’s Lawyer Went to the Worst Law School in America
(DBN)

Trump lawyer cites Nixon case in asserting ‘absolute immunity’ in emoluments suit
(DBN)

2 F.B.I. Officials, Once Key Advisers to Comey, Leave the Bureau The FBI is in Crisis Embattled FBI lawyer linked to controversial text messages resigns
(DBN)

The actual Stormy Daniels appeared on 'SNL' to talk to 'Michael Cohen' and 'Trump' in unbelievable cold open
(DBN)

Cattle hustling and extreme drug use are rampant in rural America — and the local police-force are running sting operations to fight it
(DBN)

Trump to Throw Out 57,000 Hondurans
(DBN)

Kennedy Cousin's Murder Conviction Vacated Murder conviction of Kennedy cousin Michael Skakel is tossed because of ineffective assistance
(DBN)

Louisiana man convicted of attempted manslaughter for shooting at fleeing home invader
(DBN)

Pa. Man Gets Mental Health Check after Openly Carrying AR-15 Rifle
(DBN)

Investigators who found Golden State Killer through DNA website borrowed idea from another case
(DBN)

Backpage’s longtime defenders at Davis Wright pull the plug
(DBN)

No Juror Interviews for Lawyer Three Months After Trial
(DBN)

NFL's New Cheerleader Scandal May Expose League to Legal Risk
(DBN)

Alan Dershowitz Teams Up With Harvey Weinstein For New Courtroom Drama: ‘Carrion Feeders’ Alan Dershowitz consulting for Harvey Weinstein’s legal team
(DBN)

Lawyers sit in stony-faced silence as Eminem’s ‘Lose Yourself’ blasts out through courtroom speakers
(DBN)

Feds sue an Albertsons that banned Hispanic employees from speaking Spanish, even on breaks
(DBN)

Police Face Recognition Software Delivers 92 Percent False Positives
(DBN)

Off-Duty Cop Drew Gun on Man He Mistakenly Thought Stole Mentos
(DBN)

White Man Goes on Wild, Racist Rant on Train
(DBN)

EY settles with partner over harassment claim
(DBN)

No Monkeying Around With This Opinion
(DBN)

Court Revives Baseball Player’s Lawsuit Against HS Coach for Telling Him to Slide Into Third Base
(DBN)

The secret life of the law student beauty queens
(DBN)

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Judges:

NY Court of Appeals Suspends Queens Judge Under Fire for Abusing Attorneys in Court
(DBN)

Judge’s mass contempt trial and ‘high-speed sentencing’ violated due process, appeals court rules
(DBN)

The ‘RBG’ Movie: A Portrait Of A Supreme Court Justice Whose Commitment To Women’s Rights Has Shaped The Nation Making 'RBG,' the Documentary About Justice Ruth Bader Ginsburg (Podcast) How Filmmakers Got Access to Ruth Bader Ginsburg
(DBN)

Hearings Set for Trump Appeals Court Pick with History of ‘Mortifyingly Insensitive’ Comments
(DBN)

Ex-Judge Finally Sentenced for Trafficking After Trying to Withdraw Guilty Plea
(DBN)

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Wall Street:

US stocks set for an upbeat open as oil, earnings, Fed speeches take center stage
(DBN)

Dow closes up more than 300 points after Apple sparks tech rally
(DBN)

How Tennessee Lured a Wall Street Firm to Nashville
(DBN)

Bond Traders Can Lie to Customers Again
(DBN)

Warren Buffett: $10,000 invested in an index fund when I bought my first stock in 1942 would be worth $51 million today Warren Buffett: Would easily choose stocks over bonds
(DBN)

To Sue Goldman Sachs, You Have to Be Willing to Hang On—For a Long, Long Time
(DBN)

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Layoffs:

 

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Autos:

All the ways Tesla could go bankrupt in 12 months Elon Musk is acting more like a desperate man than a visionary Jim Chanos and other Tesla short-sellers are smelling blood in the water Elon Musk calls out Tesla skeptics in a tweetstorm 2 days after his confrontational earnings call Why Wall Street is Worried About Tesla Musk Blames Journalists for Tesla's Problems Elon Musk's "Tesla Tantrum" Cost Him $300M In One Day The Problem With Lending Tesla Money
(DBN)

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Taxis:

Lyft Gambles on Self Driving Taxis in Las Vegas
(DBN)

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Personal Finance:

How to Pay Zero Taxes in Retirement
(DBN)

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Student Debt:

He had $55,000 in student loans, now he owes $330,000 ... Here's how it happened
(DBN)

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Celebs:

Johnny Depp: how Hollywood's biggest star fell from grace
(DBN)

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Pensions:

Elk Grove Village Firefighters Pension Fund would go bankrupt in 20 years without taxpayer subsidy
(DBN)

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Food/Beverage:

Firm That Got State Loans Hopes Stop & Shop Deal Is Escape Route From Bankruptcy
(DBN)

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Economy:

Trump is setting up high stakes trade fights that could end in economic disaster Buffett Not Too Worried about Trade War Buffett: U.S. and China will avoid doing something 'foolish' on trade The US is defending the West's world order in its fight for balanced trade Maybe it’s time to quit negotiating with China Trump is asking China to redo just about everything with its economy Trump Tricks and Transatlantic Trade
(DBN)

April Employment Report: 164,000 Jobs Added, 3.9% Unemployment Rate What’s wrong here? Unemployment is below 4 percent, but wage growth is still lousy Krugman: Is the Great Recession Still Holding Down Wages?
(DBN)

Early Q2 GDP Forecasts
(DBN)

George Will: Trapped in a Debt Spiral?
(DBN)

Is worker pay inflated? No, but other things are pushing up prices and keeping the Fed on guard Pace of U.S. Wage Gains Disappoints, Again
(DBN)

A NAFTA Deal in May? Negotiators Will Try, But It Won't Be Easy NAFTA talks enter a critical week with the US still pushing a hard line
(DBN)

Trump Just Threatened to Close All Borders
(DBN)

Treasury ramps up borrowing to finance the Republican tax cuts
(DBN)

Jobless Rate There for Wrong Reason
(DBN)

This is the real reason many Americans stay poor
(DBN)

3 States Saw Their Economies Contract in 2017
(DBN)

World Leaders Should Read Marx Again
(DBN)

California Now World's 5th Largest Economy
(DBN)

For the old and frail and their families, the American Dream is turning into a nightmare
(DBN)

California high court ruling may compel gig economy employers to convert contractors to employees
(DBN)

The top 5 things the Class of 2018 should be freaked out about
(DBN)

Retirees Leaving America to Save Money
(DBN)

Hotels: Occupancy Rate "dips" Year-over-Year, On Pace for Record Year
(DBN)

AAR: Rail Carloads Up 3.3% YoY, Best April Ever for Intermodal
(DBN)

Public and Private Sector Payroll Jobs During Presidential Terms
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Court Confirms Contractual Limits of Trustee's Duties
(DBN)

Hawaii volcano destroys dozens of homes, forces evacuations The Associated Press 28 Mins Ago
(DBN)

Highest Percentage Since 2005 Expect U.S. Home Prices to Rise
(DBN)

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Municipalities:

Puerto Rico Enters a New Age of Austerity
(DBN)

Senate votes to retool Hartford debt deal
(DBN)

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Oil/Gas:

Onshore Energy Deep Dive
(DBN)

The US is about to be the world's biggest oil exporter
(DBN)

The smallest oil producer in the Gulf needs a ridiculously high oil price to break even
(DBN)

Oil hits $70 for the first time since 2014 amid fears about Venezuela, Iran Here’s what sanctions on Iran could do to global oil supply and prices Oil prices are pointing to a worst-case scenario for the Iran nuclear deal
(DBN)

"Another solid week for rig additions"
(DBN)

Man Who Ran Venezuelan Oil Giant for Decade Predicts Fast Demise
(DBN)

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Travel:

United compensated passengers after a 'drunk and disorderly' flight attendant reportedly made erratic boarding announcements
(DBN)

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Celebs:

Warren Buffett responds to Elon Musk's criticism that one of his core investment principles is 'lame' Elon Musk is ‘super, super serious’ about taking on Warren Buffett
(DBN)

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Accounting:

A new rule that Warren Buffett calls a 'nightmare' led to Berkshire Hathaway's first loss in 9 years
(DBN)

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Travel:

Pilots Struggled with Crippled Southwest Jet
(DBN)

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Currency:

Warren Buffett says bitcoin is 'probably rat poison squared' Warren Buffett on bitcoin: It doesn't produce anything except more buyers looking to sell
(DBN)

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Tech:

What to Expect When Cambridge Analytica Files for Bankruptcy
(DBN)

Cambridge Analytica's data may be sold to the highest bidder during bankruptcy What to Expect When Cambridge Analytica Files for Bankruptcy
(DBN)

Cambridge Analytica is dead – but its obscure network is alive and well
(DBN)

Troubled West Palm Beach firm owes race organizers nearly $3 million
(DBN)

Warren Buffett: I was wrong on Google and Amazon, Jeff Bezos achieved a business 'miracle'
(DBN)

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Musical Instruments:

End of the guitar? Gibson bankruptcy fuels fears for future
(DBN)

How Will Gibson's Bankruptcy Affect Used Gibson Prices?
(DBN)

Amid Bankruptcy Filing, A Look Back At The History Of Gibson Guitars
(DBN)

Cortland Capital Agents $135MM DIP for Gibson
(DBN)

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Electricity:

More than a financial burden, Plant Vogtle a bad business decision for Georgia
(DBN)

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Corporate Reform:

Bond-Trader Crackdown Stalls, But Wall Street May Never Be Same
(DBN)

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Personal Finance:

When resigning, here's why you should never accept that counteroffer
(DBN)

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Candy:

NECCO faces bankruptcy auction on May 23
(DBN)

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Entertainment:

Bankrupt Weinstein Co. is finally reaching end of the line
(DBN)

New Chapter 22 Filing - Relativity Fashion Inc.
(DBN)

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Guns:

Bank of America's loan to Remington tests its firearms pledge Bank of America recants, says they’ll fund assault rifle maker
(DBN)

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Finance:

Libor Won't Die: $270 Trillion Battle Coming
(DBN)

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Sporting Goods:

New Filing Summary: AcuSport Corporation
(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 (27 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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Personal Bankruptcy:

The "TurboTax of the bankruptcy process"
(DBN)

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Litigation:

Everyone Notices Everything, But Stay Calm
(DBN)

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Miscellaneous:

Twitter Feeds for Restructuring Professionals from April 2018
(DBN)

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Cross-Border:

Avanti Bankruptcy Court Enforces Nonconsensual Third-Party Releases in Chapter 15 Proceeding
(DBN)

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Healthcare:

TX: Bay Area Regional Medical Center announces closure and bankruptcy
(DBN)

HCR ManorCare amends bankruptcy plan
(DBN)

The Obesity Cure Is Out of Reach in the Heaviest States
(DBN)

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Politics:

The President's Approval Ratings Keep Rising Trump Boasts His Approval Rating is ‘Above Obama’
(DBN)

Giuliani: Trump Wants Regime Change in Iran EU's Last Ditch Effort to Save the Iran Deal Billions on the line for businesses in Trump's Iran decision
(DBN)

Trump Team Hired Spy Firm for Dirty Ops on US Diplomats Trump aides reportedly hired an Israeli intelligence agency to dig up dirt on Obama's Iran deal team Did Trump Team Hire Israeli Spy Firm for ‘Dirty Ops’?
(DBN)

John McCain's Funeral Being Planned McCain Regrets Choosing Palin McCain doesn't want Trump at his funeral Joe Biden:: McCain Concerned About the State of America John McCain Sharing Memories, Regrets
(DBN)

French outrage after US President Trump mimics Paris attackers FactCheck: Trump's NRA Speech Trump, Pence Pledge Support for Guns Armed teachers become reality in Georgia... The Fiascoes of Arming Teachers Since 2014 Buffett doubles down on doing business with gun owners, and Berkshire's crowd erupts in applause Bank of America will finance assault weapons maker in bankruptcy
(DBN)

As the ‘King of Debt,’ Trump borrowed to build his empire. Then he began spending hundreds of millions in cash
(DBN)

How Banks Finally Offended GOP Lawmakers
(DBN)

DeVos Lost $100 Million in Theranos
(DBN)

Haley says she won't defend Trump 'communication style'
(DBN)

Long distance donors are shaping House primary races, to the tune of more than $800 million GOP tries to avoid West Virginia primary debacle as it aims to take down vulnerable Democrat Manchin Trump: Don Blankenship can't win West Virginia Senate race Republicans fear a Roy Moore redux in West Virginia Once-safe Republican lawmakers are scrambling Indiana GOP Senate candidates try to mirror Trump as they aim to take down an endangered Democrat 'Mini-Trump' candidates in GOP primaries reveal a shift in the Republican Party
(DBN)

Rosie O'Donnell Donated over the Legal Limit to Democratic Candidates
(DBN)

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Fraud:

Wells Fargo to Pay $480M in Fraud Lawsuit Wells Fargo Agreeing To A Half Billion Dollar Settlement Doesn’t Even Get Us Half Excited Anymore
(DBN)

Feds Allege Mississippi Man Ran $85 Million Timber Ponzi Scheme
(DBN)

$100,000 in checks will go to Denny Hecker's creditors
(DBN)

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Pharma:

Here's what to expect when Trump outlines his policy to bring down drug prices
(DBN)

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Retailing:

Toys "R" Us bankruptcy pummels Dorel Sports' first quarter
(DBN)

More Discounts Offered As Toys R Us Increases Sales To 40% Off
(DBN)

Retail defaults are at an all-time high — here are all the bankruptcies and liquidations so far in 2018
(DBN)

Now hiring, for a one-day job: the gig economy hits retail
(DBN)

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Agriculture:

Trustee goes after McMartin's parents: Alleges fraud, $2M in “insider” transfers
(DBN)

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UK:

Crowe Clark Whitehill to administrate Cambridge Analytica insolvency– but is this really the end?
(DBN)

Campaigners demand reforms to stop banks from seizing entrepreneurs' homes if their businesses fail
(DBN)

Britain's post-Brexit economy isn't actually doing that terribly
(DBN)

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PIIGS:

Eight Years on, Eight Big Questions Are Still Looming for Greece
(DBN)

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Canada:

BioAmber Files For Bankruptcy
(DBN)

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India:

Essar Steel is a test case for the new insolvency law
(DBN)

Clause 29A being used to delay insolvency process
(DBN)

Supreme Court Ruling On Loan Waivers Likely To Benefit Insolvent Companies
(DBN)

Essar Steel Lenders To Consider Allowing ArcelorMittal, Numetal To Repay Overdue Loans
(DBN)

Review insolvency code regulations, NCLT tells bankruptcy board
(DBN)

Banks to Liquidate Insolvent Indian Assets If Bid Prices Are Low
(DBN)

Insolvency and Bankruptcy Code alert: Explicit bar likely on bids by promoters’ relatives
(DBN)

Will history repeat itself in India's tryst with insolvency law?
(DBN)

Elders In India Punish Gang R--- With A Fine and Sit-ups . . . Culprits Respond By Burning 16-Year-Old Victim Alive
(DBN)

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Argentina:

Argentina Raises Interest Rates to 40%
(DBN)

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Sweden:

Swedes Are Getting Much Poorer
(DBN)

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Russia:

Russia arrested 1,600 people in one day for protesting against Putin
(DBN)

Moscow court rules cryptocurrency to be included in bankruptcy estate
(DBN)

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France:

Air France Could Disappear with Strike
(DBN)

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Brazil:

Brazil's Viracopos airport operator files for bankruptcy protection
(DBN)

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