November 1, 2018

The Daily Bankruptcy News

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Law:

Now reportedly in compliance with admissions standard, Cooley Law drops suit against ABA
(DBN)

Forfeiture Contract Complicates Quinn Emanuel Spat With Breakaway Partners
(DBN)

Navigating the Year-End Discussion Between Outside and General Counsel
(DBN)

David S. Forsh Joins Thompson Hine’s Restructuring Practice in New York
(DBN)

Valparaiso Is Latest to Join the Crowd of Defunct Law Schools
(DBN)

For Breast-Pumping Lawyer Moms, Accommodations Often Fall Short
(DBN)

Michael Avenatti Ordered To Pay More Than $4 Million In Back Salary, Owes Millions In Taxes And Back Rent
(DBN)

Incivility And Rudeness In The Legal Profession
(DBN)

It’s No Halloween Trick, Attorney Going It Alone at Supreme Court
(DBN)

Ex-Bridgeport Bankruptcy Attorney Charged With Stealing From Client Makes Court Appearance
(DBN)

Atty Says 'Bloodlust' Behind Suit Over Lost $102M Verdict
(DBN)

Billionaire Ex-Client Can Retrieve File From Boies Schiller But Must Put Up $860K
(DBN)

The Spooky Tale of the U.S. Attorney Who Haunts DC—And Gave Us the Insanity Defense
(DBN)

Partnership Lessons From The Baby-Sitters Club And Breaking Bad
(DBN)

Baker McKenzie Taps DC Partner as North America Chair
(DBN)

Supreme Court divided over class-action deal that rewarded lawyers, nonprofits ... but not customers
(DBN)

Trump's Birthright Citizenship Threat Mocked by WSJ Editorial Board: 'Did Michael Cohen Give Him This Legal Advice?' Unpacking Trump’s threat to terminate birthright citizenship Trump doubles down on terminating birthright citizenship Trump rips Paul Ryan over birthright citizenship comments, with days to go before midterms Trump smacks Ryan for questioning his birthright citizenship plan Trump's attack on Ryan seen as advance scapegoating Trump's attack on birthright citizenship will likely hit a constitutional dead end Can Trump End Birthright Citizenship? Scholars Say No Harry Reid Explains His Evolution on Birthright Citizenship, Jabs Back at Trump Trump wants the Supreme Court to take up birthright citizenship What Trump’s proposed birthright citizenship order could do to the children of immigrants Trump, Birthright Citizenship, and the Mainstreaming of Unimaginable Ideas Birthright Citizenship Fight Not New in Texas Donald Trump’s Unconstitutional Dreams GOP Candidates Split With Trump on Birthright Proposal Trump's And GOP's Move To Kill The 14th Amendment Is Even Worse Than It Sounds
(DBN)

Trump Vows to Send Up to 15,000 Troops to U.S.-Mexico Border Trump says border troops could hit 15K, surprising Pentagon Mattis, when asked if troop deployment to border is a stunt: 'We don't do stunts' Trump Administration Told ‘Only Small Percentage’ of Migrant Caravan Will Reach U.S. Border Before Massive Troop Deployment A Costly Show of Force on the Southern Border Trump is pushing fake news on the migrant caravan Trump Claims Caravans Are Larger Than Reported Trump is sending thousands of troops to the border with Mexico — here's where they're going and what they're doing Trump pressures Mexico to stop migrant caravans Militia Wants to Stop Caravan at the Border "Fear to stimulate": Retiring Senate Republican blasts party on migrant caravan
(DBN)

Trump FactCheck: "Democrats oppose any effort to secure our border."
(DBN)

Big Law Associate Sues USA Gymnastics Over Abuse Scandal Google employees around the world walk out to protest the company's handling of misconduct Harvey Weinstein accused of assaulting 16-year-old girl in 2002 Men Are Worried, But EEOC Panel Finds Little Evidence to Support #MeToo Backlash Fears
(DBN)

Robert Bowers indicted on 44 counts including hate crimes for synagogue shooting Trump FactCheck: Says he didn't cancel a political rally because after Sept. 11, "the New York Stock Exchange was open the following day." Anti-Semitism has a Long History in the U.S. Synagogue shooting sparks 1,000% increase in donations to Jewish groups How Will Pittsburgh’s Jews Translate Tragedy Into Action?
(DBN)

The Trump Defense: Convict Asks For Leniency Because He Listened To The President
(DBN)

Trump admin will apparently not renew program to fight domestic terror
(DBN)

Has Mueller Subpoenaed the President? Trump denies Mueller has secretly subpoenaed him A suspicious scheme to pay women to falsely accuse Robert Mueller of misconduct could spectacularly backfire U.S. Senate panel examines former Trump aide Bannon's campaign role: sources Conspiracy theorist becomes key figure as Mueller builds case Trump Blamed McGahn for Mueller Probe Trump Jr. Worried Mueller Will ‘Fabricate’ Charges
(DBN)

These are the 20 safest and most crime-free countries
(DBN)

Antarctica scientist accused of stabbing colleague; possible motive is spoiled book endings
(DBN)

Dog shoots owner
(DBN)

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Judges:

BK ED MI: Short List For Flint Bankruptcy Judge Position
(DBN)

The secret marriage proposal between two US Supreme Court justices O'Connor, Rehnquist And A Supreme Marriage Proposal
(DBN)

Judge sentences ex-magistrate to life in prison, then grants him a new trial as ‘13th juror’
(DBN)

A Supreme Court Impeachment Fight That's Already Under Way
(DBN)

Judges Shouldn’t Have the Power to Halt Laws Nationwide
(DBN)

The Ghost Haunting The Federal Circuit Courthouse
(DBN)

Judge Locks Up Defense Attorney Who Dared To Roll His Eyes At Him
(DBN)

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Wall Street:

Dow futures point to triple digit open as investors await another slew of earnings
(DBN)

Dow jumps more than 700 points in final two days of rough and volatile October
(DBN)

The Dow just rallied 240 points — but is it a good bounce or a bad bounce?
(DBN)

Trump took credit when the stock market was doing well. Now he’s looking for someone to blame.
(DBN)

What will kill the bull market? Tepid business investment, analysts say
(DBN)

The stock market lost nearly $2 trillion in October. Here's what happened
(DBN)

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Layoffs:

WARNing: The 'Liquidating Fiduciary' Exception Should Not Exist
(DBN)

GM to offer buyout to some workers in cost-cutting move 18,000 employees
(DBN)

UK's Mothercare to cut 200 jobs in restructuring
(DBN)

Owner of The Denver Post laying off 107
(DBN)

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Politics:

The Government Isn’t Giving Americans What They Want
(DBN)

Are the 2018 midterm election polls accurate? Gallup: Key Midterm Indicators Don't Bode Well for GOP
(DBN)

Nancy Pelosi is confident the Democrats will gain 30 seats and flip the House Democrats Match or Exceed Republicans on Turnout Indicators Even Trump isn't prepared to say the GOP will hold the House in the midterms
(DBN)

Krugman: The Great Center-Right Delusion
(DBN)

A record 44% of US employers will give their workers paid time off to vote this year
(DBN)

Pressure mounts on GOP over Steve King Iowa voters might have finally had it with Steve King’s pandering
(DBN)

Poll suggests Trump voters are more loyal to him than they are to the Republican Party
(DBN)

Right-wing media and Trump share a lot of blame for dividing Americans, top Democrat Brown says
(DBN)

Bomb Suspect Planned His Campaign for More Than Three Months, Court Papers Say DOJ: Pipe bomb suspect searched targets, photos online The radicalization of an alleged domestic terrorist Package bomb suspect's internet searches paint disturbing picture Michael Avenatti Says FBI Told Him He Was on Alleged Mail Bomber Cesar Sayoc’s List
(DBN)

Trump's final campaign stretch rattled by twin calamities
(DBN)

Trump says supporters demand his red-hot rhetoric
(DBN)

Getting Ugly? Megyn vs. NBC
(DBN)

Congressional Candidate Promotes QAnon Conspiracy
(DBN)

A Republican House candidate in Missouri lost a key endorsement — his own children
(DBN)

Judges: Ohio Must Let Purged Voters Back In
(DBN)

Kanye West withdrew from politics over hit to fashion business
(DBN)

Republican ad hits Democrat on coal, climate change??
(DBN)

California man makes Halloween-themed graveyard with tombstones of Democratic lawmakers
(DBN)

Colorado governor says he's 'leaning strongly' toward presidential run
(DBN)

Beto O’Rourke Once Supported an El Paso Real Estate Deal. Barrio Residents Remember.
(DBN)

Latina Is Asked “Are You Sure You Are a U.S. Citizen?” at Texas Polling Place
(DBN)

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Movie Theaters:

MoviePass' parent company is delaying a shareholder vote on its reverse-split plan — again
(DBN)

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Conglomerates:

GE stock dips into single-digit territory as fear of the unknown trumps hope GE credit downgraded by 2 notches at Moody's to 3 notches above junk status
(DBN)

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Museums:

Evergreen air museum and waterpark to be sold as part of bankruptcy case
(DBN)

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Banking:

Fed Proposes Looser Rules for Large U.S. Banks
(DBN)

Technology is shaking up the financial industry and big banks are struggling to adapt
(DBN)

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Economy:

That Big Mac and Coke Now Comes With a Side Order of Inflation
(DBN)

ADP: Private Employment increased 227,000 in October
(DBN)

Wages and salaries jump by 3.1%, highest level in a decade Wages rise, but so does inflation
(DBN)

Trump's Budget Gambit Piles Debt on Voters Promised a Pay Raise
(DBN)

US Debt Issuance Headed for a Record High
(DBN)

Chicago PMI Decreased in October
(DBN)

Capex Slowdown
(DBN)

'Robust' jobs market sees another 227,000 hires in October
(DBN)

Corporate debt heads for worst month since February rout
(DBN)

Year-over-Year Change in Real Personal Consumption Expenditures
(DBN)

GM Offers Buyouts to 18,000 Workers, Months After Warning About Layoffs Over Trump's Tariffs Sen. Elizabeth Warren: Trump steel tariff exemptions favor US subsidiaries of foreign companies Some Foreign-Owned Firms Got a Pass on Steel Tariffs, and Elizabeth Warren Is Asking Why The High Cost of Rising Tariffs - IMF study finds that tariffs lead to slower growth, more unemployment, higher inequality - and no improvement in trade balance Why you won’t feel much pain from Trump’s tariffs this holiday season So far, the big trade war loser is China, not the US Consumers, get ready for price hikes if China trade war ratchets up, report says Many midsize companies plan to raise prices, citing impact of Trump tariffs No Deal With China = More Tariffs Ongoing retaliatory tariffs causing ag exports to decline by $1.8 billion to Canada and Mexico and as much as $8 billion to rest of world American dairy farmers try to squeeze another $1 billion out of Trump ahead of midterms Dairy farmers ask for more aid as tariffs wipe away $1B in profits Trump’s policies are hitting family farmers hard. Will they revolt on Election Day? 5 new ways China can retaliate in the tariff war Tariffs sting Spartan Motors; shares plunge 33% Corporate America sticks to Republicans despite tariff worries Portman's timely warning about auto tariffs Trump advisor Larry Kudlow: 'Nothing is set in stone right now' on new China tariffs
(DBN)

Billionaire Sam Zell: Trump economy can withstand Democrats winning the House in the midterms
(DBN)

Trump isn’t taking credit for the best thing he’s done for the economy
(DBN)

The Gig Economy is Massively Overhyped
(DBN)

U.S. Falls to Eighth in World’s Best Places to Do Business
(DBN)

Average Cost of Utilities for Every State
(DBN)

Leveraged Loan ‘Weakest Links” Ranks Grow as Credit Quality Remains in Spotlight
(DBN)

Total immigration to U.S. ties all-time record
(DBN)

Who Owns US Debt?
(DBN)

Paul Volcker Pulls No Punches in New Book
(DBN)

Latest Restaurant Performance Index Down 1.7% MtM
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Fannie Mae: Mortgage Serious Delinquency rate Unchanged in September
(DBN)

Zillow Case-Shiller Forecast: Slower House Price Gains in September
(DBN)

Reverse Mortgages: Ignore Loan Documents at Your Peril
(DBN)

The problem with housing is prices have recovered but demand hasn't: Real estate mogul Sam Zell
(DBN)

Buyer emerges for late real estate tycoon’s Alamo Towers
(DBN)

Mounting Climate Worries Push ‘Location, Location, Location’ Off the Beach
(DBN)

Rent just hit an all-time high… again
(DBN)

How Retail Investors Can Separate the Thrivers From the Survivors
(DBN)

Debi Rose outlines fate of North Shore promises in wake of Wheel’s demise Give the wheel another round Staten Island Ferris Wheel Plans Headed To Dustbin of History
(DBN)

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Municipalities:

GOP attorney general wannabe represented hedge fund that critics charged tried to capitalize on Puerto Rico's financial woes
(DBN)

Chicago Alderman Proposes Reining in Ticket Penalties That Drove Thousands of Black Motorists Into Debt
(DBN)

Flint Raises Questions About State Oversight Of Struggling Cities
(DBN)

Find Out Which City is Adding the Most Jobs in Your State
(DBN)

Chicago Mayoral Hopeful: Casino, Marijuana Money Could Help City’s Pension Woes
(DBN)

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Oil/Gas:

Oil suffers biggest monthly loss in more than 2 years U.S. oil benchmark falls for the session, loses nearly 11% for the month
(DBN)

Shell profits soar to four-year high on rising oil prices
(DBN)

Oil's ugly October puts crude on pace for worst month in more than two years
(DBN)

Fred Olsen Troubles Mean Another Modern Drillship May Be On Sale Soon
(DBN)

Oilfield Service Companies May Struggle To Pay Debt
(DBN)

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Corporate Reform:

Fed sets new rules to ease regulations on smaller banks
(DBN)

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Student Debt:

This company advertised student loan savings of more than $20,000. That promise was misleading
(DBN)

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Baskets:

Court filing may spell end of Longaberger Co. Longaberger to liquidate under new bankruptcy filing
(DBN)

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Fishing:

As once-bountiful summer flounder leave North Carolina’s shores for cooler waters to the north, a proud fishing town loses out.
(DBN)

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Autos:

The Trump Administration Flunked Its Math Homework
(DBN)

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Farming:

Reasons Behind Zacky Farms’ Impending Closure Remain A Mystery
(DBN)

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Healthcare:

Bankrupt Preferred Care Offloads Two SNFs; $5.3M Expansion in Nebraska
(DBN)

EMTs Are Working Multiple Jobs Just to Make Ends Meet
(DBN)

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Event Facilities:

The Falls Event Center real estate to be listed for sale
(DBN)

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Pharma:

Egalet's prescription for a turnaround: Buy 4 Iroko products, file for bankruptcy, reorganize Summary: New Chapter 11 Bankruptcy Filing - Egalet Corporation
(DBN)

Top Democratic Sen. Sherrod Brown says Trump isn't doing enough to cut drug prices
(DBN)

Can Synergy Survive This Crisis?
(DBN)

You Live, but the Drug is $17,000 a Month
(DBN)

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Radio:

Apple in talks with bankrupt iHeartMedia radio group - report Apple is reportedly considering a tie-up with US radio group iHeartMedia Apple explores iHeartMedia stake to boost its streaming service
(DBN)

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Finance:

Gallant Capital Markets bankruptcy trustee accuses AFX of strategic games to delay proceedings
(DBN)

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Debt Collection:

Debt Collector Settles Consumer Complaints for $9M
(DBN)

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Tech:

Tech stocks plunged in October, suffering their worst month since the 2008 recession
(DBN)

One of Silicon Valley's most outspoken investors slams 'bizarre Ponzi balloon' of start-up economy
(DBN)

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Personal Finance:

How to respond when an interviewer asks 'What's your current salary?'
(DBN)

City council candidate facing heat for allegedly dropping off mom, 86, to panhandle
(DBN)

Frozen eggs, student loans and other unexpected reasons to get a prenup
(DBN)

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Solar:

SunPower to sell more assets to avoid bankruptcy in 2019
(DBN)

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Transit:

BART Rider Arrested After Brandishing Chainsaws
(DBN)

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Corporate Governance:

Delaware Seen as Unlikely to Follow California's Lead on Corporate Board Gender-Balance
(DBN)

How Many Board of Directors Seats Are Held By Women?
(DBN)

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New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (8 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (4 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:

New Bankruptcy Cases Fall 2.2 Percent
(DBN)

Second Circuit Bucks National Trend in Bankruptcy Filings, Report Shows
(DBN)

Bankruptcy Filings Continue Downward Trend
(DBN)

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Mass Torts:

U.S. steps up scrutiny of funds for people exposed to asbestos
(DBN)

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IP:

Notorious patent enforcement entity values its entire portfolio at $2, folds
(DBN)

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Miscellaneous:

NCBJ San Antonio: Highlights of Day 2
(DBN)

Restructuring & Insolvency Newsletter October 2018
(DBN)

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Litigation:

New and Improved Set of Opening Questions and Document Questions for Your Deposition
(DBN)

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Halloween:

“It’s the Great [Non-Article III] Pumpkin, Charlie Brown”: A Weil Bankruptcy Blog Séance
(DBN)

Bankruptcy Attorney Rule 9011 Sanctions – Halloween Edition
(DBN)

This Halloween, Put An End To 3 All-Too-Common Attorney Nightmares
(DBN)

The Cryptkeeper Talks Biglaw Firm Names
(DBN)

‘As A Matter Of Law, The House Is Haunted’: A Halloween Reminder Of A Shockingly Recent New York Appellate Case
(DBN)

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Fraud:

October 2018 Ponzi Scheme Roundup
(DBN)

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Retailing:

Nine West Directors Caught In Bankruptcy Crossfire
(DBN)

Kohl's CEO explains how the retailer has avoided the department store meltdown
(DBN)

Sears' bankruptcy is a sign free markets, entrepreneurial skill still work Sears looks back to the future: woos shoppers with Craftsman, WishBook and Kenmore repairs What Sears Meant to Us
(DBN)

‘Not sure what we’re gonna do:’ Customers frustrated after HOBO files for bankruptcy
(DBN)

On the origin of retail: an evolutionary analysis
(DBN)

Barnes & Noble alleges ex-CEO 'sabotaged' sale
(DBN)

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Corporate Governance:

The Glass Cliff: When women reach the upper ranks of power, they’re put into precarious positions, meaning there’s a greater risk for them to fall
(DBN)

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History:

Grand Jury Was Prepared to Indict Richard Nixon: Docs
(DBN)

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Corporate Reform:

Democrats 'play defense' against Wall Street deregulation: Sherrod Brown
(DBN)

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Entertainment:

First Republic takes on bankrupt Weinstein Co over 'Polaroid' loan
(DBN)

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Accounting:

Bankrupt San Antonio-area firm settles negligence claims against accountants
(DBN)

Investors against breaking up Big Four
(DBN)

Third KPMG US partner pleads guilty to fraud
(DBN)

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UK:

Bankruptcies expected to continue rising
(DBN)

Katie Price is already filming a new TV show amid bankruptcy fears
(DBN)

Why the UK’s Brexit negotiation tactics drew a blank Britain should get divorce deal with EU done by November 21: UK's Raab U.S. Travelers' Ability To Ignore Brexit Is About To End UK and EU reportedly agree to tentative Brexit deal on financial services Pound soars on fresh optimism over a potential Brexit breakthrough EU citizens in UK told they won't face new employment checks in major Brexit climbdown City of London breathes sigh of relief on Brexit deal to secure financial crown Theresa May's government branded a 'mess' after withdrawing claim Brexit deal will be signed within 3 weeks
(DBN)

Crawshaws meat chain collapses leaving 600 jobs at risk
(DBN)

Mothercare cuts 200 jobs in cost-cutting drive
(DBN)

Three universities in England are 'on verge of bankruptcy Institutions take last-gasp survival loans and consult on shutting departments
(DBN)

Brexit uncertainty is set to halt another rate hike by the Bank of England
(DBN)

NHS nurse facing bankruptcy after private parking firm demands £7,000 for using its bays four years ago
(DBN)

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EU:

EU states agree new draft rules on banks bad loans
(DBN)

Rage: Centrist Leaders Are Losing Europe
(DBN)

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PIIGS:

Alitalia receives two binding offers, one expression of interest -airline
(DBN)

How healthy are Italian banks? Investors await stress tests in Europe to find out
(DBN)

Italy’s Economy Struggles as Tensions With EU and Market Worries Take Toll
(DBN)

Greece shows Britain a maverick state can recover from disorder
(DBN)

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Canada:

Software vendors complicate Algoma's exit from insolvency protection
(DBN)

What happens to IP on bankruptcy?
(DBN)

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Netherlands:

Safety Board investigates patient safety at bankrupt hospitals
(DBN)

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India:

IL&FS board outlines revival plans, rolls out austerity measures Kill IL&FS’ toxic culture by dismembering it
(DBN)

India certainly not 'tariff king', says World Bank on Trump's remarks
(DBN)

The glimmer of hope in the $12.8 billion bankruptcy of IL&FS
(DBN)

India up 23 notches, 77th on World Bank's 'ease of doing business' ranking What worked for India and what didn’t in its 23 notch leap to 77th slot
(DBN)

IBC boost: How India’s distressed merger and acquisition market gained from bankruptcy law
(DBN)

Retrospective Operation of the Limitation Act: Impact on Insolvency Proceedings
(DBN)

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Ukraine:

Poroshenko vows to sign Code on Bankruptcy Procedures within two weeks
(DBN)

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MENA:

Turkey confirms Khashoggi was strangled, dismembered in consulate GOP senators press Trump to cut off nuclear talks with Saudi Arabia Saudi Arabia hopes the world will forget about Jamal Khashoggi's killing, and still hasn't answered simple questions about his death A petition to change the street name where the Saudi Embassy in Washington is located to 'Jamal Khashoggi Way' already has a heap of signatures
(DBN)

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Mexico:

With Mexico Airport Bonds at 80 Cents, Adviser Warns of Default
(DBN)

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China:

A private survey shows China's factory activity unexpectedly grows
(DBN)

Chinese bike-sharing pioneer Ofo denies filing for bankruptcy Ofo rumor mill continues as they battle whispers of bankruptcy
(DBN)

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Mexico:

Mexico’s Interjet infuses cash in fresh attempt to quash debt
(DBN)

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Indonesia:

Merpati creditors fail to agree on debt settlement
(DBN)

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