October 24, 2018

The Daily Bankruptcy News

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Law:

Legal Industry Employment for Law Grads Increasing, Study Says
(DBN)

The First Global 200 Survey Shows a Massive Revenue Gap
(DBN)

Law Firms Transform Offices to Suit Millennial Tastes
(DBN)

Who Calls The Shots Anyway? In-House Or Outside Counsel?
(DBN)

Fried Frank Bankruptcy Partner Jumps to Ropes & Gray in NY
(DBN)

Marc J. Carmel joins McDonald Hopkins' Chicago office
(DBN)

After Merger, Lowenstein Lands Veteran Bankruptcy Partner
(DBN)

Akin Gump Beefs Up Restructuring, Global Debt Finance Practices
(DBN)

UK law firms find margins squeezed
(DBN)

AI is no substitute for good lawyers
(DBN)

Professional Conduct Rules Should Guide Ethics of AI Use, ACC Panel Says
(DBN)

Lawyers struggling to innovate, says report
(DBN)

3 Tools To Help In-House Attorneys Manage Stress
(DBN)

Drinker Biddle Settles Racial Discrimination Lawsuit
(DBN)

NY State Bar Exam Pass Rates Plummet • New York state bar exam results released, pass rate has dropped • The New York Bar Exam Results Are Out, And They’re Not So Great
(DBN)

This Ropes & Gray Leader Is Running for NY Attorney General. Who Knew?
(DBN)

Yale Law School Gives Graduate Proper Recognition
(DBN)

Students Demand Resignation Of Law School Professor Accused Of Harassment
(DBN)

Law School Campuses In The Wake Of Kavanaugh
(DBN)

Tales From An Unsuspecting T14 1L: The Good
(DBN)

From Proskauer To Pints
(DBN)

Unclenching: Letting Go When You Have To
(DBN)

Sessions Blames Court Losses on ‘Judicial Activism’
(DBN)

The Case for President Avenatti Takes a Trumpian Turn
(DBN)

Stanford Law gets $25 million for global program, which will include student travel
(DBN)

The Deep Value of Law Firm Alignment
(DBN)

Appeals court rules that Georgia annotated code cannot be copyrighted
(DBN)

How to tell which new iPhone you should buy • iPhone XR initial reviews -- the best iPhone for most attorneys
(DBN)

Anti-gay lawyer confirmed as head of Justice Department’s Civil Rights Division
(DBN)

Supreme Court is asked to rule Oregon bakers had a right to refuse to make cake for same-sex wedding
(DBN)

Harvey Weinstein, Accusers, Insurers in Early Talks to Settle Civil Claims
(DBN)

Southwest Airlines groper invokes the Trump defense after his arrest • Man accused of groping woman on airplane argues that Trump says it’s okay
(DBN)

James Comey's Wife 'Relieved' FBI Found No Photo Evidence of Him Hugging and Kissing Robert Mueller
(DBN)

Another Migrant Caravan Gathers in Guatemala • Trump: No Proof of Middle Easterners in Caravan • The Caravan Is a Challenge to the Integrity of U.S. Borders • FactCheck: Caravan Moving Towards US • Why Trump's Threat to Cut Central America Aid May Be Counterproductive • When Will Migrant Caravan Reach U.S. Border? • Migrant caravan of 7,200 people believed to be largest on record • How the migrant caravan became so big and why it's continuing to grow • Mexico faces 'conundrum' in migrant caravan as U.S. pressure mounts • Trump administration has not settled on a plan for what to do if the migrant caravan arrives at the US border
(DBN)

Trump FactCheck: In California, "they're rioting now" over sanctuary cities.
(DBN)

San Francisco allowing noncitizens to vote in school board elections
(DBN)

Gun Policy Remains Divisive, But Several Proposals Still Draw Bipartisan Support • Majority in U.S. Now Oppose Ban on Assault Rifles
(DBN)

New Low of 49% in U.S. Say Death Penalty Applied Fairly
(DBN)

Race-Blind Harvard Class Is Lower Rated, Deans Testify • What Is Harvard Trying to Hide? • Harvard's admissions trial: The value of a Harvard diploma
(DBN)

Judge rejects Bill Cosby's request for a new trial and a reduced sentence
(DBN)

Attorney Wanted On Charges In New Jersey Shooting Death
(DBN)

Attorney accused of being drunk in courtroom
(DBN)

Husband 'blew up his house with him and his ex-wife inside on the day he was to be evicted after their divorce'
(DBN)

Cab Driver Charged with Hate Crime After Video Showed Alleged Assault on 62-Year-Old Jewish Man
(DBN)

New York Attorney Killed While Vacationing In Turks And Caicos
(DBN)

Lawyer begins 60-day suspension for hijacking former firm’s email account, derogatory Facebook post
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Judges:

Presiding Over the Harvard Admissions Trial: A Judge Who Was Rejected From Harvard
(DBN)

GOP Sen. Jeff Flake: ‘I Don’t Know if I Believed’ Brett Kavanaugh
(DBN)

Bar Complaint Filed Against Counsel For Dr. Christine Blasey Ford
(DBN)

Sandra Day O'Connor announces likely Alzheimer's diagnosis • O'Connor, Stepping Back From Public Life, Gave Her Chambers to Kennedy • Justice Sandra Day O'Connor Discloses Dementia Diagnosis and a Final Goal • Justice O'Connor's Diagnosis Is a Reminder That Lawyers Can't Ignore Dementia • The Realization of Sandra Day O'Connor's 'Greatest Fear'
(DBN)

Home State Dems Won't Back Perkins Coie Atty For 9th Circ.
(DBN)

Judicial Candidate Proves Her Toughness By Smacking Her Own Daughter In The Mouth
(DBN)

NY Court System Illegally Suspended Obese Judge, Suit Says
(DBN)

'Judge Jerry ': Springer Working On Daytime Courtroom Show
(DBN)

John Ninfo: How will tariffs, trade war affect you?
(DBN)

Bayer runs into 'devil's advocate' in Roundup cancer case
(DBN)

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Wall Street:

Dow futures drop 220 points as stock market extends rout • Dow is set to open lower following Tuesday's 500-point recovery
(DBN)

Stocks roar back from 500-point loss in the Dow, but still end the day lower
(DBN)

The stock market sent a warning signal before its big turnaround Tuesday
(DBN)

Nasdaq falls into correction territory — down 10% from high — as investors dump tech stocks
(DBN)

Antagonistic Fed, Tidal Change Toward Higher Rates At Heart Of Market's Worry
(DBN)

Materials sector briefly dips into bear-market territory as Trump bump fades
(DBN)

The stock market faces ‘unlimited downside risk,’ warns veteran trader
(DBN)

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Layoffs:

Union Pacific to Lay Off Nearly 500 Workers • Union Pacific to lay off about 475 workers; 200 contract positions also eliminated
(DBN)

Refinery29 to lay off staffers after falling short of revenue goal
(DBN)

Significant layoffs at Trion Worlds
(DBN)

UTAS to lay off 300 in Calif.
(DBN)

Grocers Carve Out A Niche With Unattended Retail
(DBN)

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Movie Theaters:

MoviePass' parent wants to spin it off into a separate company, as the government investigates its finances
(DBN)

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Autos:

Auto dealers see slowing sales, sparking fears that a long-expected decline is here
(DBN)

Wall Street Questions Tesla's Profit Promises • Short seller who is suing Tesla changes his mind: 'Tesla is destroying the competition' • Tesla stock skyrockets after legendary short seller goes long
(DBN)

Ford hires new China chief to tackle daunting turnaround task
(DBN)

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Retailing:

Sears' slow death is a crisis—and an opportunity—for struggling malls • Sears is dying, but don’t blame the financial professionals overseeing its demise • Sears: Another Retail Giant Turning to Bankruptcy Court for Help • Suppliers challenge Sears on multiple fronts in Ch. 11 • Sears: 1886-2018 • Sears bankruptcy means big bucks for Home Depot and Lowe's • Bike Suppliers Concerned About Sears Insolvency • Bankruptcy filing won't impact Sears Hometown stores • Critical Legal Issues Impacting Sears Bankruptcy • 5 corporate traits that will help investors sidestep the next Sears • Parent company of South Plains Mall objects in Sears bankruptcy case • Mall owners want to bar Sears from hanging 'going out of business' signs outside closing stores as the industry weathers a crisis
(DBN)

'Serial returners' are on the rise — and it's causing headaches for retailers like Walmart and Target
(DBN)

Target is making an ambitious and unprecedented move to steal shoppers from Amazon
(DBN)

When Sears Flourished, So Did Workers. At Amazon, It’s More Complicated
(DBN)

Economists: Strong Retail Sales to Continue Despite August Slowdown
(DBN)

Retailers dreaming of a green Christmas without Toys R Us
(DBN)

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Musical Instruments:

Gibson gets new band together to emerge from bankruptcy • Gibson taps JC Curleigh as CEO to lead iconic guitar company out of bankruptcy
(DBN)

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Alternative Energy:

Alliance BioEnergy Plus, Inc. Files Chapter 11 Bankruptcy
(DBN)

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Tires:

ATD Names ‘Critical Vendors’ in Chapter 11 Filing
(DBN)

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Economy:

Fed should take 'foot off the gas,' on interest-rate accommodation: Bostic
(DBN)

Trump fired a new warning shot at the Fed over rising interest rates • Trump again says he's "very unhappy with the Fed" • Trump directly attacks Fed Chairman Powell, saying 'Obama had zero' interest rates • Trump says he 'maybe' regrets nominating Fed chairman Powell • 'I'm very unhappy': Trump launches new broadside against the Fed
(DBN)

Volcker Recalls Another Time the Fed Was in the President's Crosshairs
(DBN)

New York Fed Staff Nowcast stands at 2.1% for 2018:Q3 and 2.4% for 2018:Q4
(DBN)

What a wonderful world : Tracking global GDP
(DBN)

Top Trump economic aide sells last of credibility
(DBN)

The Fed could be wrong about inflation and rate hikes
(DBN)

Government dysfunction could doom us to a never-ending financial crisis when the next one hits
(DBN)

Richmond Fed: "Fifth District Manufacturing Activity Expanded Moderately in October"
(DBN)

Foreign Buying of U.S. Treasurys Softens, Unsettling Financial Markets
(DBN)

The labor market is booming, why aren't your wages?
(DBN)

Volcker says he’s already worried about next financial crisis
(DBN)

Caterpillar drops the most since 2008 after industrial giant says costs are rising from tariffs • Caterpillar investors fearful as US-China trade war drives up costs • Tariffs will cost Harley more than $40 million in 2018 • Hedge fund manager Kyle Bass: Dire financial straits in China give Trump major leverage on trade • Trump’s trade fights and a hard Brexit could take tariffs to levels not seen in 15 years • Trump’s bailout for farmers hit by trade war will also benefit Chinese companies • iRobot shares plummet after-hours as the company expects major hit from tariffs • Trump Trade War and Automakers • Can Canada Save the WTO in the Trump Era? • China Wants to Stop Buying US Soybeans • China Trade Deficit Has Cost U.S. Millions of Jobs • No Sign Of Trade War Fears In Demand For Basic Building Materials • Who is winning the US-China trade war? Look at the stock markets • Tariffs are dominating earnings calls with more than a third of companies discussing the fallout • Tariffs begin to take bite out of U.S. corporate earnings growth • Euro zone businesses hit the brakes as trade war stalls growth
(DBN)

Kudlow claims stocks are falling on fear Democrats will win midterms and end 'pro-growth policies' • Here’s an estimate of how much Trump’s 10% tax cut would cost
(DBN)

Even one year of Trump’s suggested tax cut would fund his border wall many times over
(DBN)

Krugman: The Trump Tax Scam, Phase II - Deficits are up? Cut Medicare and Social Security!
(DBN)

US Corporate Tax Rates Now Among the Lowest
(DBN)

Kudlow says new tax cuts in ‘planning stage’
(DBN)

Trump FactCheck: "Poverty rates for African Americans and Hispanic Americans at lowest levels in the history of our country."
(DBN)

Why baby boomers need immigrants to fund their retirement, in 2 charts
(DBN)

Immigration's Impact On U.S. Jobs
(DBN)

America, 2018: Gender gaps, gender wars
(DBN)

Trump Economy: 60% Say No Benefit for Them • Most Americans say their finances haven't improved since the election
(DBN)

Working baby boomers face hard choices for retirement
(DBN)

Here are the early signs China’s stock-market woes are starting to infect the rest of the world
(DBN)

Wages Are Higher in Urban Areas, But Growing Faster in Rural Ones
(DBN)

Visualizing the Wealthiest People in America & Their Generosity
(DBN)

Where Global Household Wealth Is Rising & Falling
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Quarterly Housing Starts by Intent
(DBN)

This is how much purchasing power homebuyers lost this year
(DBN)

Southern California Home Sales Fall 18%
(DBN)

MBA: Mortgage Applications Increased in Latest Weekly Survey • "Mortgage Rates Barely Budge Despite Market Volatility"
(DBN)

Higher mortgage rates, rising prices costing homebuyers more than $1,200 a year
(DBN)

5 things real-estate agents don’t want you to know about them
(DBN)

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Municipalities:

Trump tweet again takes aim at Puerto Rico • Trump accuses Puerto Rico of using disaster funds for other debt • Trump says the U.S. will not bail out Puerto Rico's debt with hurricane relief • Trump: Puerto Rico’s 'inept politicians' using hurricane relief to pay off debts • Trump, Without Evidence, Accuses Puerto Rico Of Abusing Hurricane Relief Funds • Puerto Rico’s Governor Tweets at Trump: ‘I Agree With You’
(DBN)

Puerto Rico Projected Surplus, Pre- and Post-Contractual Debt Service
(DBN)

Puerto Rico's revised fiscal plan approved over government opposition • New Puerto Rico fiscal plan OK'd; governor says too austere
(DBN)

Puerto Rico Restructuring Plan Filed, Bonds Rally
(DBN)

FBI agents raid San Juan, Puerto Rico city offices in fraud, obstruction investigation
(DBN)

Puerto Ricans in insurance tumult
(DBN)

US tech giants split over corporate tax to help homeless
(DBN)

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Oil/Gas:

Drowning in Cash, Big Oil's Biggest Challenge Is How to Spend It
(DBN)

So-called 'Frack Master' to pay $23.8 million to SEC, sentenced to 12 years in prison • Lifestyle of "decadence and debauchery"
(DBN)

US crude plunges 4.2%, settling at $66.43, in biggest daily loss in three months
(DBN)

Oil plunges after Saudi energy minister reportedly says OPEC is in 'produce as much as you can mode'
(DBN)

Why Canadian Crude is Selling for $20
(DBN)

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Motorcycles:

Prices for used Harley bikes are near historic lows, but not for long
(DBN)

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Entertainment:

Open Road Fetches Stalking-Horse Bid In Runup To Bankruptcy Auction • Open Road Reaches $87.5 Million Deal With Stalking Horse Bidder
(DBN)

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Education:

Hobby Lobby plans to buy shuttered Oklahoma college campus
(DBN)

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Metals:

Lienholders, county push back on ERP Iron Ore bids
(DBN)

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Personal Finance:

At least one Mega Millions ticket matches in record $1.6 billion jackpot • Winning $1.6 billion Mega Millions ticket sold in South Carolina • $1.6 Billion Lottery Winner Will Face Huge Taxes, Possible Lawsuits • Mega Millions and other jackpots: How consumers are being played
(DBN)

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Food/Beverage:

More than one-third of Americans report eating fast food every day
(DBN)

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Religion:

D.C. attorney general launches investigation into Catholic Church
(DBN)

San Francisco: 263 Priests Accused of Assault
(DBN)

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Tech:

Thousands of Swedes are getting microchip IDs inserted into their hands
(DBN)

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Climate:

The Atlantic and Pacific Ocean hurricane season is most powerful on record this year
(DBN)

On Long Island, Failure to Absorb Sandy’s Lessons
(DBN)

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Maritime:

Offshore Shipping: Norwegian Billionaires Head for Showdown With Supply Creditors
(DBN)

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Student Debt:

Is Student Loan Cosigner Release Really Possible?
(DBN)

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Celebs:

Mariah Carey Dragged Into BFF Da Brat's $8 Million Bankruptcy Case
(DBN)

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Pensions:

John Stossel: The Collapse Of Public Pensions Is Coming
(DBN)

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Environmental:

Shutdown of Tonawanda Coke complete; site being assessed
(DBN)

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Biofuels:

The Great Biofuel Swindle
(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 (21 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (7 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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Plan Confirmation:

Does an RSA with Plum Exit Financing Constitute Vote Buying? Examining the Peabody Situation
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Automatic Stay:

Bankruptcy of Debtor Stays Enforcement of ORAP Lien—Ninth Circuit
(DBN)

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Cross-Border:

Takata – anatomy of a complex cross-border restructuring
(DBN)

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Exemptions:

Court Finds Retirement Assets Divided in Divorce Not Protected in Bankruptcy
(DBN)

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Litigation:

Lawyer survey shows growing awareness and use of litigation finance
(DBN)

Litigation funding not subject to Georgia's interest rate laws, state Supreme Court rules
(DBN)

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Personal Bankruptcy:

Don’t Trust Everyone You Meet on the Internet: “National Bankruptcy Law Firm” Sanctioned in Multiple Jurisdictions for Harming Distressed Consumers
(DBN)

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Bankruptcy Policy:

A Fresh Start for a Women's Economy: Beyond Punitive Consumer Bankruptcy
(DBN)

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Politics:

White House issues 72-page report slamming 'socialism' (Medicare) as Trump blasts Democrats • Trump is going all out to tie Democrats to his latest political boogeyman: socialism
(DBN)

US starts warning individual Russians to stop interfering in midterm elections: New York Times
(DBN)

Democrats' hope of a 'blue wave' midterm shrinks as Trump delivers for the GOP base • Forecasting the race for the House • Cook shifts 8 more House races • What Could Hold Back a Democratic Wave? Economy, Confidence, Independence • Senate slipping away as Dems fight to preserve blue wave • The Experts Are Wrong Again on Trump
(DBN)

Minnesota Is at the Crossroads of a Divided America
(DBN)

Republicans outpacing Democrats in early voting in key states
(DBN)

How Gerrymandering Will Skew the 2018 Election
(DBN)

Democrats back Medicare for all in about half of House races they're contesting
(DBN)

Armies of lawyers are mobilizing to keep an eye on chaos at the polls
(DBN)

Border Patrol Union Endorses Video Featuring Proud Boys Street Gang Members
(DBN)

Another Ethics Complaint Has Been Filed Against Kellyanne Conway
(DBN)

Megyn Kelly: What’s so wrong with dressing up in blackface on Halloween? • Megyn Kelly apologizes for questioning why wearing blackface is racist
(DBN)

Think Bernie Sanders and Elizabeth Warren are the same? They aren't
(DBN)

Republican congressman admits to sending inaccurate absentee ballot info
(DBN)

The big conservative lie on 'voter fraud'
(DBN)

Trump and GOP slam Democrats, unleashing anti-immigrant onslaught as closing midterm message
(DBN)

Georgia governor candidate burned state’s Confederate-inspired flag
(DBN)

Wave watch: Midterm interest spikes among Dems
(DBN)

Racist Robocall Goes Out Against Andrew Gillum In Florida
(DBN)

Older People Are Worse Than Young People at Telling Fact from Opinion
(DBN)

The Secret Service had to break up a fight between Kelly and Lewandowski in February
(DBN)

GOP nominee for Georgia governor is worried people might vote, leaked audio reveals • Georgia's Republican secretary of state says he's worried what will happen 'if everybody uses and exercises their right to vote' in the November midterm election
(DBN)

At 63, I Threw Away My Prized Portrait of Robert E. Lee
(DBN)

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Sports:

Homeruns and Touchdowns Not Holding Gen Z's Interest
(DBN)

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Healthcare:

Green Valley hospital gets new name, leadership and chance to start again
(DBN)

Rising health costs hit poor families hardest
(DBN)

The number of unvaccinated kids is growing
(DBN)

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Marijuana:

Pot stocks are getting killed again as Aurora Cannabis drops 14% in US trading debut • Pot stocks rally all the way back after deep sell-off • The real reason marijuana stocks are falling off a cliff — and what to do now
(DBN)

Two in Three Americans Now Support Legalizing Marijuana
(DBN)

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UK:

Small business failures on the rise
(DBN)

Theresa May's Brexit plan was branded 'Dante's first circle of hell' in a heated Cabinet row
(DBN)

No Govt Contracts For Big UK Firms That Pay Late
(DBN)

Katie Price’s secret hookups with rich ex Alex Adderson with just five days to go until bankruptcy deadline
(DBN)

MPs slam HMRC for being “too aggressive”
(DBN)

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PIIGS:

The EU just formally rejected Italy's budget, putting Rome and Brussels on a collision course • Italy is ‘the No. 1 risk factor in the fourth quarter’ for European investments • The EU Has Rejected Italy's Budget. That's Just What Rome Wanted • Italy is in Big Trouble. Why the World Should Care • Italy Very Much Not Taking The Hints
(DBN(

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Canada:

One-third of Canadians fear bankruptcy ahead of expected interest rate hike • As another rate hike looms, more Canadians feel closer to insolvency
(DBN)

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MENA:

Turkish president calls for Saudi Arabia to hand over the 18 suspects in Khashoggi's killing to stand trial • Khashoggi's son glares at Saudi Crown Prince blamed for death of his father as they meet in Riyadh • Erdogan’s Big Reveal That Wasn’t • Trump FactCheck: Saudi Arabia has ordered $450 billion, "$110 billion of which is a military order," producing "over a million jobs" • Saudi Arabia is an oppressive regime — but so are many other key US allies • Saudi journalist's body parts found at Saudi consul's house, say sources • Watch President Trump's evolving stance on the death of journalist Jamal Khashoggi • Trump Describes Plot to Kill Khashoggi as ‘Bad Concept’ • G-7, including US, condemns Khashoggi slaying, demands Saudi 'measures' against killings • The global oil market doesn't believe Khashoggi death will lead to a major Middle East conflict • Pence: Khashoggi's murder "will not go without an American response" • Turkey’s president undercuts Saudi Arabia’s Khashoggi story • US vows to revoke visas and consider sanctions in response to Jamal Khashoggi's death • Most Americans think Trump too soft on Saudi Arabia • Why the Saudi scandal comes at a terrible time for Goldman • Saudi Arabia hails multibillion-dollar deals, as fallout from Khashoggi's killing continues • Saudi Crown Prince Gets Standing Ovation • How Jamal Khashoggi’s Murder Shook the World • Rouhani: Saudis wouldn't have killed Khashoggi without U.S. protection • Fact check: Is Trump right on Saudi jobs? • Elizabeth Warren Would Like Consulting Firm McKinsey to Please Explain Its Work for Saudi Arabia
(DBN)

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China:

Shares of China-based companies retreat after renewed selloff
(DBN)

China investors fear too much stock is being used as collateral, a big market drag
(DBN)

The Chinese yuan is going to get weaker in the next 6 months, says Goldman Sachs
(DBN)

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Mexico:

Battle for Mexico’s Oro Negro Heats Up as Creditors Attempt to Seize Oil Rigs • Mexican Police Reportedly Fly In Helicopters Against A Bankrupt Oil Company
(DBN)

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Netherlands:

Bankruptcy looms for two Dutch hospitals
(DBN)

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Australia:

Court Of Appeal Overturns Hamersley Iron Decision.
(DBN)

Set it off! The West Australian Court of Appeal breathes new life into section 553C
(DBN)

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Singapore:

Singapore unveils new ‘omnibus’ Insolvency, Restructuring and Dissolution Bill
(DBN)

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Kenya:

IMF raises Kenya's risk of debt distress to moderate from low
(DBN)

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