October 19, 2018

The Daily Bankruptcy News

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Law:

Biglaw Bonus Season: Is It Time To Pay Double Associate Bonuses?
(DBN)

'Alpha Dog' Still Rules as Quinn Emanuel Sees Growth and Partner Exits
(DBN)

Former Foley & Lardner partner is suspended for falsifying documents • Former Biglaw Partner Gets 2-Year Suspension For Falsifying Documents
(DBN)

We Can’t Let ‘Pawternity Leave’ Become A Thing
(DBN)

Average salaries and indebtedness
(DBN)

Ted Olson and Gibson Dunn Do Not Need This Client • Gibson Dunn Ends Saudi Arabia Lobbying Contract
(DBN)

GCs Dish About Their Law Firms: Would You Like What You Hear? • What GCs Really Think About Their Law Firms
(DBN)

K&L Gates Under Fire from Texas Company in Malpractice Suit
(DBN)

Top Plaintiffs' Expert Says McGuireWoods Partner's "Abusive" Deposition Threatened His Health
(DBN)

Kirkland Partner Ditches Big Law for Solo Practice
(DBN)

3 Takeaways From ABA's Firm Breach Disclosure Guidance
(DBN)

Law School Investigation Finds Professor Accused of Harassing Students And Faculty Violated University Policy
(DBN)

July 2018 Massachusetts Bar Exam Results Are The Worst This Century
(DBN)

The Real Numbers Behind This Law School’s Falling Enrollment
(DBN)

Legal Education, Legal Services, And Income-Contingent Loans
(DBN)

Top tips for tackling a corporate crisis, from GCs who've been there
(DBN)

Cleary Gottlieb loses quarter of office as entire team quits
(DBN)

Why do barristers wear wigs and gowns?
(DBN)

Lawyer tells of humiliation at ‘look at her b-----’ comment
(DBN)

Gunshot Killed Sidley Bankruptcy Partner, LA Medical Examiner Rules • Biglaw Partner’s Death Due To Self-Inflicted Gunshot Wound • Sidley Austin Mourns Death Of LA Bankruptcy Partner
(DBN)

Coworking For Lawyers: Passing Trend Or Wave Of The Future?
(DBN)

Mueller is said to be asking Paul Manafort for information on Roger Stone • Judge bars Paul Manafort from wearing a suit at court hearings • Manafort is Now Turning on Roger Stone • Mueller's Team of Cooperators in Russia Probe
(DBN)

Emmet Flood to temporarily serve as White House counsel
(DBN)

Manhattan Appeals Court Questions Reach of State Courts in Defamation Suit Against Trump
(DBN)

FBI agent sentenced to four years after leaking classified information to reporter
(DBN)

The migrant caravan, explained • Trump administration supports Mexico, UN plan to deal with caravan of migrants • Mexico deploys hundreds of riot police as migrants near • Trump Threatens Military Closure at US Border to Stop Migrants • Trump’s latest tweets about the migrant caravan, explained • Mexico Sends Police to Stop US Bound Migrants • White House Press Secretary Sarah Sanders disputed reports of a "shouting match" over immigration
(DBN)

In Stormy Daniels, Trump may have met his match
(DBN)

Trump's Lawyer Seriously Flounders in Court While Arguing Against Summer Zervos' Defamation Case
(DBN)

‘It Was a Lie’: Judge Blasts State Dept for Providing ‘Clearly False’ Information About Clinton Emails
(DBN)

Harvard's Not-So-Secret Admissions Factor: Donors Get a Boost • Emails show Harvard favored applicants with ties to big donors • Harvard Admissions Dean Largely Ignored Report on Factors Affecting Asian-American Applicants • I support affirmative action. But Harvard really is hurting Asian Americans • The lawsuit against Harvard that could change affirmative action in college admissions, explained
(DBN)

Making a Murderer is coming back. Here’s all that’s happened since the first season • Here's What You Need to Know Ahead of the Making a Murderer Season 2 Release
(DBN)

Lawyer’s Office Boasts State-Of-The-Art Digital Imaging. Unfortunately, Cops Say It Was In The Bathroom
(DBN)

Paralegal cleared after his mistake lands boss in jail
(DBN)

Shoplifter busted with 'Call My Lawyer' sweatshirt
(DBN)

Killer clown sparks terror by tapping on doors and peering through windows late at night
(DBN)

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Judges:

BK SD NY: CM/ECF Unavailable October 19th through October 22nd
(DBN)

Sotomayor, Asked About Kavanaugh: 'We Are Going to Let These Times Pass'
(DBN)

Neutral Judiciary Survives Kavanaugh Hearings, Experts Say
(DBN)

5 Arkansas justices file petition in their own court seeking to toss ethics charges against them
(DBN)

Conservative group suspends clerkship bootcamp after questions about secrecy and loyalty pledges
(DBN)

GOP senator questions 4th Circuit nominee’s experience in hearing held during Senate recess
(DBN)

Creepy Thinktank Offers Creepy Clerkship Training Course If You Pledge Undying Loyalty
(DBN)

Jimmy Carter: Kavanaugh is Unfit for SCOTUS
(DBN)

Originalism: Liberals Must Embrace a Bankrupt Judicial Philosophy to Have Any Chance of Winning at the Supreme Court
(DBN)

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Wall Street:

Wall Street futures point to a slight rebound after the Dow sheds 300 points
(DBN)

The Dow dives more than 300 points • Dow ends more than 300 points lower on worries about global growth, interest rates
(DBN)

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Layoffs:

BMO Harris confirms face-to-face mortgage employee layoffs
(DBN)

Hasbro job cuts expected as Toys R Us liquidation fallout continues
(DBN)

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Tech:

Facebook `Delighted’ With War Room Response to Brazil Election • Inside the Facebook 'war room,' where it's fighting election manipulation
(DBN)

Vertu rises from bankruptcy ashes with $4,000 Android phone
(DBN)

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Fraud:

‘A scam from the get-go’: MoviePass investors applaud the New York Attorney General’s investigation, but have little hope for their money
(DBN)

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Religion:

Justice Department investigating Pennsylvania Catholic clergy abuse
(DBN)

San Jose diocese names 15 priests accused of abuse
(DBN)

All Illinois Catholic dioceses targeted in abuse lawsuit
(DBN)

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Banking:

Elizabeth Warren calls on the Fed to demand Wells Fargo fire CEO Tim Sloan
(DBN)

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Personal Finance:

Here's how to ace the most important part of a job interview
(DBN)

This is how parents are paying for their kid's college
(DBN)

What the superrich want for the holidays
(DBN)

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

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Politics:

Biden on Democrats impeaching Trump: "I hope they don't"
(DBN)

Why Republicans are afraid of Elizabeth Warren • Elizabeth Warren's DNA Disaster
(DBN)

Steve King endorses a bona fide white supremacist
(DBN)

Trump's claims of getting US troops the largest pay raise in a decade don't match Pentagon records
(DBN)

Trump praises Montana congressman for assaulting reporter
(DBN)

Wilbur Ross Lied to Congress on Census Plot
(DBN)

Tillerson Used Military Planes for Private Use • Report: Zinke's travel raised “red flags” with ethical officials
(DBN)

Republicans seek to alarm Trump's base in midterm campaign ads
(DBN)

Real Voter Enthusiasm, but in the End Most Won't Vote
(DBN)

AR: Radio Ad Suggest Lynching if Dems Win
(DBN)

CFPB seeks independent investigation into official’s racial comments
(DBN)

Kelly, Bolton said to get into profane shouting match outside Oval Office
(DBN)

November shock? Republicans could still control Congress after the midterms, polls suggest
(DBN)

How America’s top CEOs are investing in the midterm elections • Amazon’s Jeff Bezos ranks No. 1 among S&P 500 CEOs in political spending
(DBN)

Kavanaugh vote not helping key Republicans
(DBN)

Rosie O’Donnell Says on TV She Wants to ‘Send the Military to the White House to Get’ Trump
(DBN)

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Economy:

US Recession Chances in Next Two Years Top 60%, JPMorgan Says
(DBN)

US economy showing momentum as leading indicators rise for 12th straight month in September
(DBN)

10-year yields could spike to 4.5% and send stocks plunging into correction
(DBN)

Gary Cohn dodges question about whether Trump asked him to 'print money'
(DBN)

Gary Cohn: President Trump shouldn't comment on independent agencies like the Fed
(DBN)

The Fed will ultimately push the US into recession, strategist says
(DBN)

Trump's attacks on Fed could backfire with higher rates, former vice chairman says
(DBN)

Ex-Fed chief Greenspan: This is the tightest labor market I've ever seen
(DBN)

Cramer: The amazing job market is not the 'ticking time bomb' Fed Chair Powell seems to think it is
(DBN)

Fed's Quarles says uncertainty calls for gradual U.S. rate hikes
(DBN)

Uber is testing a new 'on-demand labor' service, sort of like a temp agency
(DBN)

The Politics of the Next Recession Will Be a Disaster
(DBN)

Industrial Production Increased Slightly in September
(DBN)

The end of engagement - How the world’s two superpowers have become rivals • Larry Kudlow: China 'has not responded positively to any of our asks' in US trade talks • Shares of global manufacturers like Caterpillar plunge as tariffs drive up costs • U.S. withdrawal from global postal pact draws mixed reactions from businesses • Trade war hostility may be keeping US-China military relations in a state of friction • US Asks for WTO Panel Over Tariff Retaliation • Auto tariffs remain 'open question,' says Trump adviser Kudlow

China Dodges a Bullet in Trump's Currency War • Trump Is Right About China's Postal Subsidy
(DBN)

Trump threatens to summon military and wreck Mexico trade deal amid burgeoning migrant crisis
(DBN)

In some cities, a college degree is worth a lot, in others not so much
(DBN)

Social Security, food stamps, and other programs kept 44 million people out of poverty last year
(DBN)

SEC Commissioner Warns: A Retirement Crisis 'Tsunami' Is Approaching
(DBN)

America’s surprise economic powerhouse: North Dakota
(DBN)

Here’s how many people make more than $50 million per year — in wages
(DBN)

Ban billionaires? Capitalism takes beating at the hands of Teen Vogue and others
(DBN)

Analyst who predicted the 2008 crash warns of bubble brewing in U.S. household wealth
(DBN)

Dealmaker Optimism Soars to Record High in Dykema 14th Annual M&A Survey
(DBN)

Krugman: The Trump Tax Scam, Phase II
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Higher rates hitting both home buyers and builders
(DBN)

Mortgage rates retreat, but housing supply crunch won't let up
(DBN)

Bank of America downgrades homebuilder stocks as Wall Street grows increasingly bearish on housing
(DBN)

Trump helped mislead investors about his involvement in real estate projects — and made money when projects failed
(DBN)

Trump Took a Special Interest in Plans for New FBI HQ To Keep Property From Rival Developers? • Trump Had FBI Drop HQ Move To Protect His Hotel, Dems Say
(DBN)

Former LandCastle Title CEO Nat Hardwick found guilty of embezzling $26 million
(DBN)

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Municipalities:

Gag Order In Litigation By Corruption-Tainted Bus Camera Operator Which Nearly Bankrupted Dallas County Schools
(DBN)

The fastest-growing metros in the U.S.—how affordable are they?
(DBN)

Crosby ISD Cuts 129 Jobs To Fend Off Insolvency
(DBN)

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Oil/Gas:

Rejection of Mid-Stream Agreements Upheld … Again
(DBN)

Big Oil's Hired Hands Chase Foreign Boom as US Shale Moderates
(DBN)

Oil plunges 11% in just 2 weeks, shrugging off Iran sanctions and Saudi tension
(DBN)

Don’t laugh: $400 oil isn’t THAT crazy
(DBN)

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Retailing:

JC Penney Needs to Prove It's Not the Next Sears
(DBN)

Steinhoff Says Investors Suspend Legal Action Until April
(DBN)

Why Eddie Lampert stuck with Sears • Edward Lampert: Sears Gone Wrong • Sears Burns Cash While Betting on Lampert Loans for Survival • How the Hedge Fund Manager Running Sears Cut His Losses • Sears’s Edward Lampert Was a Wizard. Now He’s Coming to Terms With Failure • ‘They cut to the bone’: How Sears’ cost-cutting strategy sealed its fate • 4 Things To Watch In The Sears Bankruptcy • The only reason Sears went bankrupt • The collapse of an American retail giant • Sears has filed for bankruptcy and announced it would close more than 140 stores, but it isn't the only department store that has struggled recently — here's why • The Forgotten Marketing Brilliance Of Sears • The Twisted Truth About Sears And The American Dream • The Sears Bankruptcy: How Warren Buffett Was Able to Predict It • Why America Stopped Shopping at Sears • 'Attention Kmart shoppers, goodbye:' Manager's emotional announcement as his beloved store closes for the last time
(DBN)

Coming Soon To A Mall Near You: Sears II, The Sequel
(DBN)

Nine West Creditors Committee Attempts to Sue Sycamore Partners
(DBN)

Bankruptcy next? Popular bridal retail chain misses debt payment • David's Bridal flirts with possible bankruptcy after skipping debt payment
(DBN)

Target will overhaul hundreds of toy departments ahead of holidays
(DBN)

JCPenney is enticing workers with free vacations to New York and Miami as retail's 'war for talent' heats up
(DBN)

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Healthcare:

McConnell Defends Trump-Backed Suit To Undo Pre-Existing Coverage Requirement • Republican Candidates Play Defense Over Health Care • Dems go on offense against GOP lawsuit on pre-existing conditions
(DBN)

Facebook groups organize play dates to intentionally share chickenpox
(DBN)

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Marijuana:

Marijuana investors may lose 90% of their money in Canada
(DBN)

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Education:

For-Profit College Chain, Seeking To Restructure, Sues to Keep U.S. Aid
(DBN)

City sues for-profit Berkeley College for 'voracious greed'
(DBN)

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Coal:

American Coal’s Asian Savior Is a Fantasy
(DBN)

Coal company bankruptcy shows Lincoln County vulnerability
(DBN)

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Corporate Reform:

Banks urge US regulators to reconsider 'Volcker Rule' tweaks
(DBN)

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Commodities:

Noble Group Seeks US Protection During $3.5B Restructuring
(DBN)

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Travel:

Shocking state of plane after severe turbulence injures 15 passengers on eight-hour flight
(DBN)

Unwanted game of 'footsies' on Southwest Airlines flight ends in emergency landing, Denton man's arrest
(DBN)

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Celebs:

Bankrupt Da Brat Avoids More Jail Time For Cheerleader Assault Thanks To $7.7M Debt
(DBN)

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Awards:

Tampa: Meet Stephanie Lieb, a 40 Under 40 honoree
(DBN)

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Artifacts:

Curators wanted to claim it. Instead, the Titanic’s legacy is likely to soon belong to hedge funds
(DBN)

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New Bankruptcy Opinions
(7 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

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

Recent Ch. 11 Adversary Proceeding Filings (37 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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Gifting:

Unsecured Trade Creditors in Bankruptcy Cases May Have Received Early Holiday Gift
(DBN)

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Tax:

'In re DeFreze' and Non-Dischargeability of Debts Pertaining to Non-Filed and Late Filed Income Tax Returns
(DBN)

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Professional Employment:

Liquidation Consultants Are Not “Professionals” Requiring Retention Under § 327(a) of the Bankruptcy Code
(DBN)

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Cryptocurrency:

Crypto As Commodity, And The Bankruptcy Implications
(DBN)

Mt Gox's Bitcoin Creditors Have 4 Days to Submit Rehabilitation Claims
(DBN)

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Automatic Stay:

Filing Bankruptcy May Not Stop EEOC Suits
(DBN)

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SCOTUS:

IP/Bankruptcy Cert Petition To Be Considered On 10/12
(DBN)

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Personal Bankruptcy:

New Median Income Amounts Effective After November 1, 2018
(DBN)

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Avoidance Actions:

Court Examines Value in Parent Guaranty and Affiliate Debt Payment
(DBN)

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Jurisdiction:

Nothing New: Consent, Forfeiture, and Bankruptcy Court Final Judgments
(DBN)

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Releases:

Third Circuit Holds That Share Purchasers Take Shares Subject to Plan, Including Releases of Liability for Debtor’s Post-Confirmation Acts
(DBN)

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Setoff:

Two Circuits Limit Creditors’ Setoff Rights in Bankruptcy Cases
(DBN)

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Climate:

Exxon is lobbying for a carbon tax. There is, obviously, a catch
(DBN)

Red tide is spreading in Florida. Hurricane Michael didn't stop it.
(DBN)

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Autos:

No deal yet on paying TTL for innocent customers of Reagor Dykes • RDAG customers still without resolution after Thursday bankruptcy court hearing
(DBN)

September Car Sales Plunge in Europe
(DBN)

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Aviation:

Jilted investors seek to force troubled airline OneJet into bankruptcy
(DBN)

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Student Debt:

Sometimes Good Things CAN Happen in Bankruptcy for Student Loan Debts
(DBN)

The Public Student Loan Forgiveness Rescue Hasn’t Gone Well So Far
(DBN)

Betsy DeVos and her cone of silence on for-profit colleges
(DBN)

Defrauded by a for-profit college? A new court ruling may help you cancel out your loan debt
(DBN)

7 ways to lower student loan payments
(DBN)

The Student Loan Debt Crisis Is About to Get Worse
(DBN)

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UK:

Troubled UK Retailer New Look Says Goodbye to Chinese Market
(DBN)

UK Retail Sales Drop With 'Stark Slowdown' for Food Stores
(DBN)

Offering certainty to restructuring and insolvency in the face of an uncertain future post-Brexit • May Spoke So Fast, Merkel Didn't Understand Her Brexit Pitch • Brexit Fund Loads Up With UK Exporters as Make-or-Break Nears • What History Reveals on a No Deal Brexit Home-Price Crash • EU's chief Brexit negotiator says a deal is 90% done, but the Ireland issue could derail it • Can Theresa May Be Forced to Hold a Second Brexit Vote?
(DBN)

10 minutes with…an insolvency specialist and avid City fan
(DBN)

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PIIGS:

Business Restructuring and Insolvency in Italy – a revolution in the making?
(DBN)

Italy's Populist Budget Has Leaders Worried at Brussels Summit • Italians Say Negatives of Being in EU Outweigh Positives: Chart • Italy's draft budget is in particularly serious breach of EU rules, Commission says • Italy's budget crisis threatens the entire EU project, strategist says • Italian borrowing rates spike to 4-year highs as the EU slams its new budget plan
(DBN)

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Canada:

Trump Official Called Trudeau "That Little Punk Kid Running Canada"
(DBN)

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Belgium:

Is Air Belgium About To Go Bankrupt?
(DBN)

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China:

China Is Set to Keep Minting New Millionaires Faster Than US
(DBN)

China's stock market is getting pummeled and history shows that is bad news for US markets
(DBN)

Chinese stocks notch best day since August as officials calm worries about market, economy • China's GDP disappoints, but stocks surge anyway as officials pledge to support markets
(DBN)

China’s growth slows to weakest pace since financial crisis
(DBN)

Housing sales in China growing slower
(DBN)

China's Q3 GDP slowed more than expected
(DBN)

Trump's trade war is forcing Beijing to retreat from its own anti-debt battle
(DBN)

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MENA:

Israel: Insolvency and Economic Rehabilitation Law introduced
(DBN)

Getting Away With Murder? Saudi Arabia, Jamal Khashoggi & the Magnitsky Act • Treasury Secretary Steven Mnuchin pulls out of investor conference in Saudi Arabia amid outrage over journalist Jamal Khashoggi's disappearance • The US just punished Saudi Arabia over Khashoggi — in a very small way • Trump said it 'certainly looks' like Jamal Khashoggi is dead, but said he’s not ready to issue a 'very strong' statement yet • Top Republican slams Trump's 'clampdown' on intelligence about missing journalist Khashoggi and calls on him to take a stand • Reformer or Autocrat? Saudi Prince Is Both • UK Trade Secretary Shuns Saudi Forum Over Khashoggi Case • Khashoggi Crisis Widens Trump Rift With Congress on Saudi Arabia • One of Khashoggi's suspected killers reportedly died in a car crash on return to Saudi Arabia • Saudi crown prince betting on Trump to help resolve Khashoggi crisis • Pompeo says U.S. should give Saudis "a few more days" on Khashoggi • Goldman CEO says Khashoggi killing 'unacceptable' and Saudi Arabia must explain what happened • Aide to Saudi Crown Prince, Suspect in Khashoggi Case, Is Shown Walking into Consulate • Killing Jamal Khashoggi Was A Saudi Warning Shot • Prominent evangelical leader on Khashoggi murder: let’s not risk “$100 billion worth of arms sales” • The last media sponsor to exit Saudi conference: Fox Business
(DBN)

U.S. downgrades its diplomatic mission to Palestinians
(DBN)

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Brazil:

Brazil court denies Monsanto bid to halt seed licensing to bankrupt firm
(DBN)

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Venezuela:

Venezuela Debt Update: Recent Developments in Arbitrations that Could Impact Restructuring Efforts
(DBN)

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