December 21, 2018

The Daily Bankruptcy News

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Due to the Christmas holiday, The Daily Bankruptcy News will not publish on Monday and Tuesday, December 24-25, 2018



Law:

Associate Compensation Scorecard: Which Firms Have Announced Bonuses? (Fall 2018)
(DBN)

Holland & Knight Increases First-Year Associate Pay by $20K in Miami
(DBN)

Arent Fox Names New Bankruptcy Partner
(DBN)

Partner promotion photo shows little diversity; law firm blames ‘idiosyncratic demographic pool’
(DBN)

Artificial Intelligence: Is It Really A Threat To Us Lawyers?
(DBN)

Slower Billing Collection Times Giving Law Firms Headaches
(DBN)

The Inside Track: Matthew Feldman
(DBN)

2019 Outlook: Big Law Firms Prep for Projected Economic Slowdown The Next Recession Is Coming, But Are Biglaw Firms Preparing For More Layoffs?
(DBN)

Partners admit they don't work hard
(DBN)

In Critiquing the Legal System, Lawyers Can Do Lasting Damage
(DBN)

FBI Director Wray Banked $14M From King & Spalding Since 2016
(DBN)

Nurses Again Outpace Other Professions for Honesty, Ethics
(DBN)

You Have the Right to Remain Amused
(DBN)

Is ‘spoliation in droves’ defamatory? Comments by Kramer Levin and its partners are protected, court rules
(DBN)

ATL Holiday Card Contest: The Finalists! (2018)
(DBN)

This Firm Has A Cool Client List
(DBN)

Avvo’s lawyer ratings are protected by the First Amendment, judge rules in false-advertising suit
(DBN)

Acting AG Matthew Whitaker has reportedly been cleared to oversee the Mueller probe by DOJ ethics officials DOJ Ethics Official Said Whitaker Needs to Rescue from Mueller Probe AG pick William Barr criticized part of Mueller probe in unsolicited memo to Justice Department Bill Barr's 19-Page Memo Ripping Mueller Probe How Will The Country Reckon With The Fact The President Is A Credible Felon? 99 Trump: ‘Nobody Knows More About Campaign Finance’ Mueller to Save Trump for Later as Prosecutor Readies Next Steps
(DBN)

The Insufferable James Comey
(DBN)

Mexico agrees to host U.S. asylum-seekers until cases are processed Mexico Willing, Unready to Hold US Refugees U.S. to return some migrants to Mexico while their asylum proceedings go forward At least 25 advertisers drop Tucker Carlson over immigration remarks People are saying the Tucker Carlson boycotts are a betrayal of free speech. They're wrong Trump lawyer Rudy Giuliani weighs in on border protection: 'I could build a wall for him with long-range cameras and security'
(DBN)

‘Truth isn’t truth’: Rudy Giuliani wins Yale quote-of-the-year nod
(DBN)

Harvey Weinstein's assault case will move forward Weinstein Barred From Immediately Releasing Victims' Docs Gained in Del. Bankruptcy Case Is Les Moonves Out of His Ever-Lovin' Mind?
(DBN)

Attorney Used Trump To Justify Stream Of Insults, Complaint Says
(DBN)

Alabama police department blames Satan for spike in homicides
(DBN)

Congress passes bipartisan criminal justice reform bill
(DBN)

Planned Parenthood's Pregnant Workers
(DBN)

Penningtons and Clifford Chance worked for alleged cannibal and son
(DBN)

Partners send junior lawyers a bill for their Xmas drinks
(DBN)

2018: Lawyers with attitude
(DBN)

Glamorous lawyer 2018 - The Final
(DBN)

Best Bonkers Legal Websites of 2018
(DBN)

Lawyers make Santa weep in awful festive video
(DBN)

Walgreens employee fatally shoots man after photos dispute
(DBN)

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Judges:

Courts Endure Rough Storm Season
(DBN)

Lawyer accuses judge of ‘robe rage,’ tells opposing counsel to ‘certify your own stupidity,’ ethics complaint says
(DBN)

Chemerinsky: Why 2018 was a pivotal year for the Supreme Court
(DBN)

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Wall Street:

US futures point to modest gains at the open, after a steep two-day sell-off
(DBN)

The global stock rout shows no sign of letting up as an 'extraordinary' quarter of losses comes to a close
(DBN)

Dow drops 470 points to 14-month low in second day of big losses following Fed rate hike
(DBN)

The Nasdaq is flirting with bear-market territory for the first time since the financial crisis
(DBN)

David Tepper: Fed is done supporting stock prices, so cash is ‘not so bad’ as an investment now One of Wall Street’s most successful investors says a Fed stock-market safety net is gone
(DBN)

Goldman Sachs just released its annual Christmas crossword
(DBN)

As fear rises on Wall Street, strategists warn the worst is yet to come
(DBN)

The stock index that powered the bull rally is on the precipice of a bear market — and that would make history
(DBN)

More than half of global central banks are raising rates, and that’s a problem for stocks
(DBN)

Mnuchin says market reaction to Fed is 'completely overblown'
(DBN)

Dow Back Under 23,000
(DBN)

Wall Street's 'fear index' touches 10-month high as Nasdaq drifts into a bear market
(DBN)

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Layoffs:

Slowing the robot apocalypse
(DBN)

Layoffs loom large as banks weigh funding deal to save Sears
(DBN)

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Mass Torts:

J&J Loses Motion to Dismiss $4.7Bn Verdict
(DBN)

Aly Raisman Named to Abuse Survivor Panel in USA Gymnastics Case
(DBN)

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Politics:

"The moment in ‘Jurassic Park’ when Dr. Grant realized that velociraptors could open doors"
(DBN)

Trump is helping ISIS prepare a terrorist attack on the US with Syria pull-out: Homeland Security GOPer Republicans are furious over Trump's decision to withdraw troops from Syria World leaders respond to U.S. troop withdrawal from Syria Trump walks back claim that ISIS is 'defeated' a day after his announcement Iran poised to benefit most from U.S. withdrawal from Syria Trump's Syria decision leaves Kurdish allies in the lurch In Syria retreat, Trump rebuffs top advisers and blindsides U.S. commanders Graham Not Happy with Syria Decision
(DBN)

Trump to Pull 7,000 Troops Out of Afghanistan
(DBN)

Poll: Americans can agree that the nation is divided. Beyond that, they don't agree on much
(DBN)

Democrats to host 12 presidential primary debates starting June 2019
(DBN)

Defense Secretary James Mattis quits, says his views aren't 'aligned' with Trump as the president upends major US policies Defense Secretary James Mattis is quitting because he doesn’t agree with Trump Defense Secretary James Mattis to retire in February Mattis Leaving Leaves Congress with No More Excuses Mattis Resignation Letter McConnell Reacts to Mattis Leaving US Allies in Asia-Pacific Rattled Over Mattis US Defense Secretary James Mattis left a stark message for his successor in his resignation letter: Wake up and smell the threat Mattis exit further destabilizes Trump administration's foreign policy Mattis Exit Stirs World of Worries From Brussels to Beijing Mattis exit leaves world facing Trump unchained
(DBN)

Pre-Christmas Trump: Rebuked, rampaging What should worry Trump most: Republican allies are turning on him 'A tailspin': Under siege, Trump propels the government and markets into crisis
(DBN)

Russian Trolls Targeted Texas in 2016
(DBN)

Russia Wanted Clinton Backers' Treasury Docs
(DBN)

AL: Secret Russian Tactics Used by Dems in Senate Race
(DBN)

A Republican lawmaker invoked Paul Manafort's adult children in a bizarre defense of Homeland Security secretary Kirstjen Nielsen
(DBN)

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Economy:

Corporate Debt Crises Could Come Faster and Harder in 2019
(DBN)

Weekly Initial Unemployment Claims increased to 214,000
(DBN)

Even a Booming Job Market Can’t Fill Retirement Shortfall for Older Workers
(DBN)

Q3 GDP Revised Down to 3.4% Annual Rate
(DBN)

The stock market really hates Fed Chairman Jerome Powell Cramer: Fed chief Jerome Powell is Trump's worst re-election nightmare Kevin O’Leary chides the Fed for claiming data-dependence while still forecasting two 2019 rate hikes
(DBN)

Cramer feels ‘powerless’ after Fed hike, tells investors to buy gold
(DBN)

‘Rich people won’ — Cramer says Fed rate hikes widen the wealth gap by hurting working Americans
(DBN)

Stock market woes raise a nagging fear: Is a recession near?
(DBN)

America's Shrinking Middle Class
(DBN)

Two more rate hikes could spark a recession, market researcher warns
(DBN)

Philly Fed Mfg "Indicators Remained Muted" in December
(DBN)

Nobel-winning economist Robert Shiller: I’m worried about the market turmoil and possible recession
(DBN)

The Justice Department just charged 2 Chinese hackers with stealing data from US companies
(DBN)

60 percent of millennials don’t have enough money to cover a $1,000 emergency
(DBN)

Share Buybacks Soar to Record $1 Trillion
(DBN)

Has the GOP Tax Cut Delivered?
(DBN)

Democrats Prepare to Direct Fire at the GOP Tax Bill
(DBN)

Shutdown talks collapse: Trump won’t sign spending bill without wall money 'Are you ruining my life?': Republican senators in disbelief over Trump shutdown threat Trump shifts blame to Democrats for possible government shutdown Paul Ryan Silent, Trump Allies Pressure the President There's a growing fear that Trump could veto the spending bill and force a government shutdown over the border wall Trump is pushing for ‘steel slats or a wall’ as he prepares to meet with GOP House members Trump sends mixed signals in border wall fight as polls show support for it rising Trump noncommital on avoiding shutdown as he complains about border wall funding Here's what happens to Social Security and disability benefits during a government shutdown House Adds Border Wall Funds to Spending House passes spending bill with border wall money — setting up shutdown stalemate with Senate
(DBN)

Wells Fargo Moves Jobs Overseas
(DBN)

China Hacked IBM, HP Then Attacked Clients
(DBN)

Trump to Lift Sanctions on Russian Oligarchs
(DBN)

New York leads nation in population loss
(DBN)

Brady's tax bill to cost $99 billion over decade, says nonpartisan committee
(DBN)

How the recent tax cuts and budget deal jack up the national debt — in one chart
(DBN)

755,000 to Lose Food Stamps w/ Tougher Rules
(DBN)

Underwhelming Response To City's 'Basic Income Pilot Program'
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Mortgage rates hit a 3-month low with home buyers biding their time
(DBN)

National Mortgage Delinquency Rate Increased Slightly in November
(DBN)

California Existing Homes in November: Sales Down 13.4% YoY, Inventory Up 31%
(DBN)

Phoenix Real Estate in November: Sales down 8% YoY, Active Inventory up slightly YoY
(DBN)

It’s All About Rates: How Have Interest Rates Affected CRE?
(DBN)

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Municipalities:

Eleventh Circuit Rules That Equitable Mootness Applies in Chapter 9 Cases
(DBN)

Gov't, Bondholders File Lawsuit Over Fund Distributions
(DBN)

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Oil/Gas:

U.S. oil benchmark settles at a 17-month low
(DBN)

U.S. oil exports at record high, but energy independence still elusive
(DBN)

San Antonio bankruptcy judge holds oilman Alfaro and wife in contempt
(DBN)

Energy law firm details three trends that could upend energy companies in 2019
(DBN)

Interest Rate Hike Hits Oil Hard
(DBN)

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Healthcare:

The Bankruptcy Option – Bankruptcy Jurisdiction over Medicare or Medicaid Disputes
(DBN)

VA Was “Taken Advantage Of” by Paying Billions in Fees, Secretary Says
(DBN)

US adults wider, not taller, average adult close to obese
(DBN)

DEA Failed to Slow Opioid Crisis
(DBN)

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Apparel:

Chart points to more downside for Nike as it faces worst quarter in a decade
(DBN)

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Corporate Reform:

CFPB: Director Reverses Mick's Pettiest Move
(DBN)

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Religion:

Scale of clergy abuse of minors much greater than Catholic Church publicly disclosed, Illinois AG says
(DBN)

Bankruptcy Of The Archdiocese Of Santa Fe: The Basics
(DBN)

Pope Francis vows Catholic Church will "never again" cover up abuse
(DBN)

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Bankruptcy Crimes:

Former Tax Return Preparer Pleads Guilty to Tax and Bankruptcy Fraud
(DBN)

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Health and Beauty:

Behind Glansaol’s Bankruptcy
(DBN)

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Gold:

As feds target ‘blood gold’ and dirty money, this Miami refinery has bigger problems
(DBN)

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Corporate Governance:

Chancery Rules on Limits of Forum-Selection Clauses in Corporate Documents
(DBN)

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Education:

Corporate Welfare for High-Price Colleges Creates Long-Term Servitude for Students
(DBN)

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Awards:

Winners Announced for the 13th Annual Turnaround Awards
(DBN)

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Travel:

Gatwick Drone Chaos Now in Third Day Chaos as Drones Shut Down Gatwick Airport Video shows the drone that shut down a major British airport for more than 32 hours Gatwick Airport reopens for limited flights after rogue drones over the runway shut it down for 32 hours Gatwick live updates – airport REOPENS but travelers still face travel chaos as hunt for drone idiot who stole Xmas rages on Desperate police hunt for 'lone-wolf eco warrior behind attack'
(DBN)

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New Bankruptcy Opinions
(6 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Chapter 7, 12 & 13 Private Trustee Locator
(DBN)

Recent Ch. 11 Filings (63 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (9 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:

See the largest New Mexico bankruptcies of 2018
(DBN)

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TBTF:

U.S. Bank Regulators Warns of ‘Living Will’ Shortcomings at Four Foreign-Owned Banks
(DBN)

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Advisers:

McKinsey Advised GenOn Energy About Bankruptcy Case While Having Interest in Outcome
(DBN)

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Ch. 13:

BK CD CA: Plan Payments Memo from Kathy Dockery Office
(DBN)

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Cross-Border:

Proposed Amendments to Chapter 15 of the Bankruptcy Code
(DBN)

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Gifting:

Reports of the Demise of Gifting Chapter 11 Plans Are an Exaggeration
(DBN)

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Third Party Release:

Delaware and New York District Courts Affirm Constitutional Authority to Grant Nonconsensual Releases in Chapter 11 Plan
(DBN)

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Miscellaneous:

Rochelle
(DBN)

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IP:

Supreme Court Agrees to Consider Impact of Trademark License Agreement Rejection in Bankruptcy
(DBN)

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Sales:

Is Relying on 'Free and Clear' Language in a Bankruptcy Sale a Gamble?
(DBN)

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Retailing:

Sears's $82.5 Million Note Sale to Cyrus Is Thrown Into Doubt
(DBN)

Not Just Fun and Games: The Demise of Toys "R" Us, Inc. and the Changing Face of Retail
(DBN)

Five days until Christmas and online sales are already up 18% to a record $110.6 billion
(DBN)

Toys R Us closure hits Toys for Tots hard
(DBN)

Shoppers Find Out How Much They Miss Toys 'R' Us
(DBN)

Retailers just got slammed with 1.5 million return packages in one day — and it reveals a disturbing reality about the future of holiday shopping
(DBN)

Amazon Gamble on Whole Foods Ain't Working
(DBN)

Historic San Francisco luxury store closing after 157 years
(DBN)

Shipwrecked: Pier 1 Is On Its Way Out To Sea
(DBN)

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Tech:

Apple’s ‘death cross’ is first in 3 years, and the last for FAANG stocks
(DBN)

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Personal Finance:

Why people who earn a lot of money still can’t pay the bills
(DBN)

Disappointing stories reveal what it's really like to win the lottery
(DBN)

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Fraud:

Law Firms Accused of Aiding Timber Ponzi Scheme
(DBN)

Malaysia reportedly seeks $7.5 billion in reparations from Goldman Sachs
(DBN)

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Autos:

Japan Files New Allegation Against Ghosn Carlos Ghosn Re-arrested in Japan Carlos Ghosn is set to spend Christmas in prison after being rearrested for allegedly passing losses onto Nissan
(DBN)

Musk, GM Weigh Fate of Ohio Plant
(DBN)

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Climate:

Winters are Warming Faster Than Summers
(DBN)

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UK:

Distressed Step-In as a Remedy for UK Lenders
(DBN)

‘Deliberate’ drone flights shut down London Gatwick airport, stranding thousands of travelers
(DBN)

The Truth about Directors’ Duties in the UK and the Business Judgment Rule
(DBN)

Britain's Interserve clinches debt rescue with creditors
(DBN)

Bank of England sees intensifying economic unease over Brexit uncertainty
(DBN)

UK retail sales in November jump more than expected
(DBN)

UK High Streets 'have twice as many shops as needed'
(DBN)

UK Car Production Fell 20% in November
(DBN)

Katie Price boasts she’s buying a £50,000 new Range Rover for Christmas after bankruptcy hell
(DBN)

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PIIGS:

Greece is recovering but its taxpayers face years of pain
(DBN)

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Canada:

Oil Patch Saves Trudeau from Populist Surge
(DBN)

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China:

Chinese Smartphone Maker Gionee Files for Bankruptcy
(DBN)

China Bike Company Ofo in Crisis Millions queue to get deposit back as bike-share company faces bankruptcy
(DBN)

Finance Execs Lose Confidence in China
(DBN)

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Argentina:

Argentina ex-leader Kirchner to be tried for corruption: court
(DBN)

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India:

Bankruptcy professionals must have cover: Insurers
(DBN)

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Denmark:

Danish insurer declared bankrupt
(DBN)

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