November 27, 2018

The Daily Bankruptcy News

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Law:

Bonus Season Spreads In Biglaw: It’s The Most Wonderful Time Of The Year • Associate Compensation Scorecard: Which Firms Have Announced Bonuses? (Fall 2018) • Biglaw Bonus News Continues To Impress As Another Firm Announces Associate Bonuses
(DBN)

Gibson Dunn Names New Bankruptcy Partner
(DBN)

Biglaw Firm Fires Partner After Harassment Investigation
(DBN)

New Yorker Artist Brings ‘Whimsy’ to Loeb & Loeb Website Reboot
(DBN)

How A Mental Health Pledge Is Pushing BigLaw To Do Better
(DBN)

Being A Young Attorney Isn’t All It’s Cracked Up To Be
(DBN)

Wake Up Call: In Texas, ‘Invasion’ of Big Firms Brings Shortage of Top Legal Talent
(DBN)

Public Speaking Makeover: 5 Techniques To Transform Your Public Speaking
(DBN)

A Biglaw Firm By Any Other Name Would Be As Prestigious
(DBN)

On the Partnership Track? Let Litigation Finance Maximize Your Chance of Success
(DBN)

How to escape the golden handcuffs? Anonymous BigLaw associate offers extreme savings tips
(DBN)

Freshfields' Frankfurt Office Raided Again In Tax-Dodge Probe
(DBN)

Good Conduct: Confronting confusion in the wake of #MeToo
(DBN)

Who Really Benefits From Big-Tent Diversity?
(DBN)

Investing in Marketing Professionals Can Deliver Valuable Return for Firms
(DBN)

Manafort Lied Even After Agreeing to Cooperate, Mueller • Robert Mueller Says Paul Manafort Lied to FBI After Plea Agreement • Right-wing conspiracy monger Corsi says he would 'rather sit in prison' than say he lied to Mueller • Ex-Trump campaign aide George Papadopoulos to head to prison for 14-day sentence • A New Indictment Looms in the Mueller Probe • One Of Trump’s Biggest Cheerleaders Says Mueller Report Will Be ‘Politically Very Devastating’ To The President
(DBN)

Trump’s Claim of Bias by N.Y. AG Rejected in Foundation Suit
(DBN)

15 attorneys general join amicus brief opposing Matthew Whitaker as Acting US Attorney General
(DBN)

Trump urges Congress to 'fund the wall' as migrant children face tear gas at the border • What the Migrant Caravan Really Looks Like • Trump threatens to close border after CBP deploys tear gas; conflicting reports of deal with Mexico • Fox News guest: Pepper spray used on migrants could be served on nachos • 'We will close the border permanently if need be' • Fox's Napolitano: Trump ‘cannot legally’ shut down southern border • Trump Orders Mexico to Remove Migrants, or He'll Close Entire Border • How a march at the US-Mexico border descended into tear gas and chaos • US arrests 69 migrants who crossed border illegally, top official says • The migrant caravan just ruined its close-up • California governor-elect condemns use of tear gas on migrants • Nielsen Defends Homeland Security’s Use Of Tear Gas, Slams Migrants’ ‘Lawlessness’ • Trump admin official: Tear gas use 'prevented a dangerous situation from getting worse' • Mexico vows to deport US border-rushers • Majority of Migrants Arrested at Border Sunday Are Adult Men • Migrant Mom Impaled in Front of Her Kids After Fall From Border Fence While Trying to Enter U.S. Illegally: Officials • More than 100 migrants arrested after mad dash at the border • Hundreds of additional US troops take position in California as migrants clash with border patrol • Tensions Remain High at U.S.-Mexico Border • U.S. may extend troop deployment along border with Mexico • Many migrants are now considering staying in Mexico after the US used tear gas at the border
(DBN)

Hate Crime: Driver Targets Jews In Hancock Park
(DBN)

AL: New Excuse for Cops Shooting Wrong Guy
(DBN)

The Supreme Court will rule on whether citizens can talk back to law enforcement without fear of consequences
(DBN)

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Judges:

Judge George R. Hodges is recalled into service as a United States Bankruptcy Judge effective November 25, 2018.
(DBN)

BK ED WI: Katherine Maloney Perhach appointed to a 14-year term
(DBN)

Justice Ginsburg returns to the bench after breaking three ribs
(DBN)

Clerkship boot camp reboots; Heritage Foundation drops secrecy and loyalty pledges
(DBN)

Director of Information Technology for the District of Maryland Bankruptcy Court Recognized For Excellence in Court Operations ý Technology
(DBN)

Democrat Kamala Harris could lose seat on Senate Judiciary Committee, report says
(DBN)

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Wall Street:

US futures under pressure as trade war concerns resurface
(DBN)

U.S. stocks close higher as retailers rally on Cyber Monday
(DBN)

Morgan Stanley strategist who nailed the sell-off sees stocks struggling again next year
(DBN)

Jim Cramer says stocks are ‘opening up huge on nothing,’ sees signs of ‘classic bear market’
(DBN)

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Layoffs:

General Motors to lay off 15 percent of salaried workers, shutter 5 plants in North America • GM had 77,000 salaried employees as of Dec. 31, 2017--filings • GM to Lay Off 14,700 Workers in North America • 'GM let Northeast Ohio down': GOP senator slams GM decision to shutter factories and lay off workers • GM’s Plan to Drop Chevy Cruze Hits Ohio Town Hard
(DBN)

Olathe Wellness Company Will Lay Off 99 Employees After Seeking Bankruptcy Protection
(DBN)

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Autos:

GM will stop building cars at 3 North American factories and cut its salaried workforce by 15% in 2019 as it shifts to electric and self-driving cars • Trump Blasts GM Plans to Cut Jobs and Shutter Plants • Chevrolet Pulls the Plug on the Volt Amid Plant Closures and Mass Layoffs • GM to cut production at several plants, reduce salaried workforce by 15 percent • GM stock rises 4% on restructuring plan calling for layoffs, cost-cutting • GM sees cash savings of $6 bln from restructuring, including $4.5 bln in cost cuts • GM said most of restructuring-related charges will be incurred in Q4 and Q1 2019 • GM will No longer make these 6 Cars • General Motors cuts point to rocky road ahead
(DBN)

Look for more car factories to close
(DBN)

Why GM Could Be Facing Bankruptcy and Why People Had to Go
(DBN)

What's Bad For General Motors Is Bad For America
(DBN)

Mary Barra belatedly supercharges GM’s strategy
(DBN)

Carlos Ghosn Was Too Powerful, Nissan’s CEO Says • Nissan Will Need Big Help without Renault • Renault-Nissan typical of uneasy East-West auto partnerships • The big winner from Carlos Ghosn’s arrest? His protege at Nissan • Ousted by Mitsubishi, too, questions surface about Carlos Ghosn's arrest • Carlos Ghosn’s Lawyer Is Familiar With Prosecutors’ Tactics
(DBN)

Tesla will overrun traditional car companies because they still aren’t moving fast enough • Tesla's China Sales Fell 70% in October • Whatever doesn't kill Tesla makes it stranger
(DBN)

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Personal Finance:

Teens who do this simple thing end up richer as adults
(DBN)

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Electricity:

Wildfire Relief for PG&E in California May Not Include Fix Utility Wants
(DBN)

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Food/Beverage:

US distillery Death’s Door Spirits declares bankruptcy
(DBN)

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Advertising:

Visto Files For Bankruptcy; Fierce Competition For Amazon Talent
(DBN)

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Skiing:

Mountain Creek enters ski season with new majority owner SNOW Operating
(DBN)

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Aviation:

Helicopter-leasing firm Waypoint files for bankruptcy protection • Waypoint Leasing Files Chapter 11, Anticipates Sale as Bidders Line Up
(DBN)

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Obits:

Passing of IWIRC Founder Selinda Melnik
(DBN)

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Marijuana:

Canada’s struggle to supply legal weed described as ‘national shortage’ that could last months
(DBN)

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Corporate Governance:

A Series of Avoidable Missteps: Fiduciary Breaches in Connection with the Sale of a Company
(DBN)

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Economy:

Here’s what Fed officials are saying about the interest-rate outlook • Wide-Open Outlook for Fed Rate Policy in 2019
(DBN)

Here is Goldman Sachs’s prediction for U.S. growth in 2019
(DBN)

Greenspan: Trump Populism a Cry of Pain
(DBN)

Paul Volcker's Wisdom for Our Rigged Economy
(DBN)

US Treasuries Less Appealing to Foreign Buyers
(DBN)

Q4 GDP Forecasts; Mid-2s
(DBN)

Dallas Fed: "Texas Manufacturing Expansion Continues to Moderate"
(DBN)

Chicago Fed "Index Points to a Slight Increase in Economic Growth in October"
(DBN)

Tariffs could cost American households $2,400 each in 2019, a new study warns • Signs point to long haul on Trump's China tariffs • US-China trade fight will still be a problem for markets after G-20 summit, economist says • Trump says ‘highly unlikely’ that China will avoid facing tariff hikes • Four reasons to expect a ceasefire in U.S.-China trade war • Why A U.S.-China Tariff Ceasefire Is Coming Soon • Trump Expects to Move Ahead With Boost on China Tariffs • U.S.-China Trade Fight Risks Fragmenting Global Market, Says Beijing Ambassador • How a History of Discord Fuels Today’s U.S.-China Trade Tensions • China is confident the trade war with the US is a just rough patch, and that they can outlast Trump's administration • Trump is ready to go all-out in the trade war with China, and even the iPhone may not be spared • Trump’s saber-rattling ahead of China trade talks hurts Apple • Trump suggests US could slap 10% tariffs on iPhones and laptops imported from China • China opens doors to foreign business ahead of G-20 summit
(DBN)

Here’s what the climate change report says would happen to the economy if temperatures keep getting hotter • Bill Gates holds out climate hope, despite Trump • Unless Checked, Climate Change Could Decimate U.S. Economy
(DBN)

GM Is Reportedly Set to Shutter a Major Manufacturing Hub, Putting Thousands of Jobs at Risk • GM plans to cut more than 14,000 jobs, close factories as downturn looms • Trump attacks GM, says they 'better damn well open a new plant' in Ohio after the automaker announces layoffs, factory shutdowns
(DBN)

Flashback: Trump told Ohio factory workers not to sell their homes
(DBN)

What an economic slowdown could mean for private markets
(DBN)

The G20 summit is a reminder of how little the US is doing for American workers
(DBN)

Big Equity Bear Who Nailed 2018 Sees Slow Profit Growth Next Year
(DBN)

Last Bastion Of Credit Under Fire As Guggenheim Sees 'More Pain'
(DBN)

Inside the scooter side hustle: Charging for Lime and Bird is a new cutthroat gig
(DBN)

When Blue Chip Companies Pile on Debt, It’s Time to Worry
(DBN)

Top US House tax writer floats a tax bill on retirement plans and the IRS
(DBN)

Hotels: Occupancy Rate Increased Year-over-year
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Wraparound Mortgages: Sorting Things Out
(DBN)

The U.S. Housing Boom Is Coming to an End, Starting in Dallas
(DBN)

What a $250,000 home looks like in the biggest city in every state
(DBN)

The salary you need to afford rent in every state, ranked
(DBN)

Borrowers Are Tapping Their Homes for Cash, Even as Rates Rise
(DBN)

Why the younger Gen Z has an edge over millennials in the housing market
(DBN)

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Municipalities:

Fairfield city leaders considering bankruptcy, other options
(DBN)

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Oil/Gas:

Gastar Still Searching for Buyer as Bankruptcy Proceedings Continue
(DBN)

Oil’s Tumble Threatens U.S. Shale Drillers
(DBN)

Oil Bulls Flee
(DBN)

Oil Prices per Barrel Since 1986
(DBN)

Saudi daily oil output surpasses record 11 million barrels
(DBN)

Seadrill posts bigger-than-expected loss
(DBN)

Goldman Sachs contradicts Trump: $50 oil is bad for the US, commodity chief warns
(DBN)

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Retailing:

Sears reportedly to sell Hawaii stores as part of bankruptcy • Sears Christmas Legacy Will Endure, Despite Looming Bankruptcy • Sears Investors Allege Improper Moves by Credit Insurance Seller Cyrus
(DBN)

Seritage Growth Properties: Navigating The Eye Of The Storm
(DBN)

Mattress Firm emerges from Chapter 11 bankruptcy after less than 2 months • Barclays Provides Financing in Conjunction with Mattress Firm’s Chapter 11 Emergence • Lessons From The Mattress Firm Bankruptcy: 7 Steps For Buying Companies Successfully
(DBN)

Retail stocks are rallying on Cyber Monday after Black Friday sales hit a record high
(DBN)

Cyber Monday is on track for a US online shopping record • New data shows this year's Cyber Monday raked in a record $7.9 billion in sales
(DBN)

Overstock shares down 16%
(DBN)

Brick-and-mortar stores cling to life, put Black Friday deals online
(DBN)

Black Friday Sales Show Consumers May Be Cooking Up A Retail Rebound This Holiday Season
(DBN)

The Amazon Prime Backlash is Coming
(DBN)

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Politics:

Politicians react to GM closings in their backyards • Lawmakers blast GM over plans to cut jobs, close plants • GM’s Plan to Cut Jobs and Plants Draws Fire • Trump says General Motors "better get back" to Ohio soon • 'Corporate greed at its worst': Ohio officials slam GM's move out of an area Trump pledged to revive
(DBN)

Democrats won the House with the largest margin of victory in history
(DBN)

All the House seats Democrats have flipped in the 2018 elections
(DBN)

Millennials, Gen X increase their ranks in the House, especially among Democrats
(DBN)

Why the Mississippi Senate runoff is like Alabama (and why it isn't)
(DBN)

Trump Calls for an American Worldwide TV Network
(DBN)

The Suburbs Are Shifting Politically
(DBN)

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Education:

Students Sue Defunct Mass. College For $40M Over Closure
(DBN)

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Non-Profits:

Has the new tax law stopped people from giving to charity?
(DBN)

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Television:

Spanish-language broadcaster LBI seeks 'expedited' bankruptcy • LBI Files for Bankruptcy • $530M Debt, Investor Pressure And Litigation Push EstrellaTV Parent Company LBI Media To Bankruptcy • Spanish-Language Broadcaster LBI Media Files Bankruptcy; HPS Investment Partners Agents $38MM DIP • Summary: New Chapter 11 Bankruptcy Filing - LBI Media Inc.
(DBN)

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Conglomerates:

General Electric And Bankruptcy Talk
(DBN)

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Travel:

Winter Storm Cancels 2,800 Flights
(DBN)

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New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (24 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (5 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:

Farm bankruptcies on the rise according to new Fed report
(DBN)

Weekly Bankruptcy Claims Trading Activity
(DBN)

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Cross-Border:

Compromising English law debts: has the rule in Gibbs had its day?
(DBN)

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Jurisdiction:

Public Rights Doctrine — A Useless Tool in Bankruptcy
(DBN)

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Bankruptcy Bonuses:

Regulating Bankruptcy Bonuses
(DBN)

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Property of the Estate:

The Intersect of Bankruptcy and Personal Injury
(DBN)

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Setoff:

Mutuality – Irrefutable Requirement for Setoff Under Section 553
(DBN)

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Farming:

Farm bankruptcies on the rise in Upper Midwest • Bankruptcies take root at Minnesota farms
(DBN)

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Climate:

Trump says he doesn't believe his administration's climate report • Donald Trump buried a climate change report because 'I don't believe it' • Here’s what the climate change report says will happen to the economy if temperatures get hotter. Trump doesn’t ‘believe it’
(DBN)

Here’s the good news in that alarming report on climate change
(DBN)

Climate change could force 13 million Americans to migrate
(DBN)

Coast Guard warns Lake Michigan waves could reach 18 feet as snowstorm batters Midwest
(DBN)

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Healthcare:

Hospital suggests Go Fund Me for woman's heart transplant
(DBN)

For Some Patients Financial Toxicity Is Real And Getting Worse
(DBN)

Distress detailed at nursing homes that went bankrupt after investors made millions
(DBN)

CDC confirms 116 cases of polio-like illness this year
(DBN)

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Corporate Reform:

Insurance Agents Sue To Overturn New York’s Best-Interest Reg
(DBN)

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Cryptocurrency:

Bitcoin Continues Steep Fall as Cryptocurrency Collapse Worsens • Bitcoin is down more than 80% from last year's high, nearing its worst-ever bear market
(DBN)

Why you may not actually own your Bitcoin
(DBN)

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Franchises:

They Were Huge Franchises. Why Did They Collapse?
(DBN)

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Student Debt:

One simple step that could ease the student loan crisis
(DBN)

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UK:

Northern and mid-size companies have the highest insolvency risk – R3
(DBN)

Black Friday- risks and opportunities for UK retailers
(DBN)

Theresa May's Brexit deal will be voted on by MPs on December 11 • May’s Brexit deal: a sobering moment for Britain • Trump slams Theresa May's Brexit deal as "great for the EU" • Trump warns Brexit agreement could threaten future US-UK trade deal • Theresa May told to set her resignation date as Trump blasts her Brexit plans • Theresa May Plays Brexit Chicken
(DBN)

UK Insolvency after a "no deal" Brexit
(DBN)

We should all have a little more faith in the UK's ability to weather storms
(DBN)

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PIIGS:

Tsipras Urges Italy to Follow EU Rules
(DBN)

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Canada:

Pain and Sense of Betrayal as Canada G.M. Factory Closes After a Century • Canada blindsided by GM closure, workers walk out in protest • Politicians promise help for GM workers; stress that saving plant hopeless
(DBN)

Common sense prevails: secured creditors not liable under GST/HST deemed trust post-bankruptcy
(DBN)

Why is Alberta's oil so cheap?
(DBN)

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India:

Pre-packaged bankruptcy scheme to speed up insolvency resolutions pre-IBC
(DBN)

Bankrupt plan: New bankruptcy resolution plan is full of holes, a bad idea
(DBN)

Debt-Laden Jet Airways Fires 16 More Employees To Reduce Cost
(DBN)

Insolvency rules change likely to strengthen Bankruptcy Board of India
(DBN)

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Ukraine:

US Calls Russian Seizure of Ukrainian Ships 'Arrogant Act' • Nikki Haley denounces Russia's "outlaw act" toward Ukraine • Ukraine approves martial law for 30 days in response to Russia clash • New test for Trump as Crimea crisis heats up between Russia, Ukraine
(DBN)

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Germany:

Poll: Germans overwhelmingly want closer ties to Russia and China
(DBN)

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MENA:

Dubai Emerging Market Maverick Abraaj Gets A Lifeline
(DBN)

Builder of $200m Turkish chateaux project goes bankrupt
(DBN)

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Australia:

Insolvency: Year in review
(DBN)

The Experience of Financial Hardship in Australia: Causes, Impacts and Coping Strategies
(DBN)

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Namibia:

Insolvency Bill Should Also Cater for Cross-Border Insolvency
(DBN)

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Venezuela:

Venezuela holds onto prized US refineries amid legal battle
(DBN)

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Latin America:

LatAm Deep Dive
(DBN)

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