October 26, 2018

The Daily Bankruptcy News

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Law:

Biglaw Firm Announcing 2017-18 Bonuses That They’ll Pay You In 2019
(DBN)

Rebranding Has Hit the Legal Industry, as Firms Seek the Right Fit
(DBN)

With 27 Lateral Hires in a Month, Goldberg Segalla Makes Case It’s ‘Different’
(DBN)

New Law School Rankings Place NYU In Top Spot
(DBN)

Men Lie, Women Can’t Negotiate: What Does This Mean?
(DBN)

13 Marketing Tips For Successful Rainmaking (Part I)
(DBN)

5 Reasons Why Extreme Early Rising Can Be Beneficial For You
(DBN)

The Law School For Public Interest Jobs
(DBN)

Employment up for law grads, but that's because there's fewer of them
(DBN)

Harvard Data Reveal Asian 'Penalty,' Expert Testifies
(DBN)

Biglaw Firm Settles Racial Discrimination Lawsuit That Alleged Attorney Called Assistant ‘Our Slave’
(DBN)

US Tort System Costs $429B, but Plaintiffs Get Just 57 Percent of That, Report Says
(DBN)

On the Path From New Associate to Retiree, You Should Hit These Financial Milestones
(DBN)

Senate Judiciary Committee sends criminal referral for Michael Avenatti to Justice Department • Senate panel refers Avenatti, Kavanaugh accuser Swetnick for criminal investigation • 'It's Christmas in October': Michael Avenatti vows to put Supreme Court's Kavanaugh 'on trial' • A witness to alleged misconduct by Kavanaugh says Michael Avenatti 'twisted my words,' and that she only 'skimmed' her sworn declaration
(DBN)

Paul Manafort Isn't Out of the Woods Yet • A ‘Plausible’ Charge Robert Mueller May Soon File Against Roger Stone • Lawyers for Alleged Russian Trolls Cite Tweety Bird in Blistering Attack on Mueller • Why Mueller Could be Forced to Indict President Trump
(DBN)

After man is arrested for groping passenger, women speak about #MeToo at 35,000 feet
(DBN)

Google CEO admits company had harassment problem, fired 48 employees for misconduct
(DBN)

Trump Sending Military to Border
(DBN)

Ex-Law Student Pleads Guilty to Cyberstalking Georgetown Admissions Interviewer
(DBN)

Man Who Filmed Teen's Suicide Pleads Guilty
(DBN)

FBI asks Google to turn over data on all users who were close to robbery locations
(DBN)

Report: Trump to close border, deny asylum to members of migrant caravan • Trump may halt entry for nearly all migrants on southern border • Congressman Says Trump May Have To Impose ‘Martial Law’ On Border To Stop Migrant Caravan • Fact-checking misinformation about the migrant caravan
(DBN)

ABC’s ‘The Last Defense’ profiles Julius Jones’ current legal battle to stay alive
(DBN)

Ice-T Arrested In Very Special Episode of Law & Order: Port Authority
(DBN)

The suspected gunman accused of fatally shooting 2 people at a Kroger grocery store reportedly tried to enter a black church minutes earlier
(DBN)

Man arrested for attempting to kill, r---, then eat a young girl, police say
(DBN)

Woman Stabs Children in Kindergarten Rampage
(DBN)

Bonkers website: law firm fantasy football
(DBN)

Lawyer Couple Shared Too Much, Prompting Disciplinary Action
(DBN)

‘It’ll leave you dead inside!’ New pop song warns students not to become lawyers
(DBN)

Udderly Nuts: Walmart Thief Dressed As Cow
(DBN)

European Court Upholds Prosecution Of Woman For Comparing Muhammad’s Marriage To A Six-Year-Old Girl To Pedophilia
(DBN)

3 Weird Halloween Laws You Might Not Know
(DBN)

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Judges:

Elena Kagan Favors Life Tenure, But Doesn't Dismiss Term Limits • Justice Elena Kagan Makes Some Brow-Raising Comments About Term Limits For SCOTUS Justices • In appearance celebrating pro bono, Justice Kagan expresses concern about views of politicized court
(DBN)

Justice Ginsburg says Congress is the ‘obvious culprit’ in polarized judicial confirmation battles
(DBN)

How Does Ginsburg Tackle Cases? 'I Start With The Judges'
(DBN)

Justice Sandra Day O'Connor Has Left Her Mark on These Law Schools
(DBN)

Controversial Trump Nominees Had Hearings This Month And Most Senators Didn’t Go
(DBN)

Invasion of the Clerkship Snatchers? The Rise and Fall of the Federal Clerkship Training Academy
(DBN)

Best Law School For Federal Clerkships
(DBN)

Justice Ginsburg Spotted About Town Performing Civic Duty
(DBN)

Fear Not, There’s Hope For The Judicial Branch
(DBN)

Trump FactCheck: "Many presidents don’t get the chance to put a Supreme Court justice on."
(DBN)

Court prankster takes aim at broken toilets and lack of elevators in fake notice
(DBN)

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Wall Street:

US futures indicate a more than 300-point drop for the Dow
(DBN)

Amazon, Google, and Snap are plunging and taking global stocks down with them
(DBN)

Dow surges 400 points as tech jump leads recovery from Wednesday's sell-off
(DBN)

Jim Paulsen, who's been warning of a market drop, sees another 10% decline on S&P 500
(DBN)

Cramer explains the market volatility and why another Great Recession is not in the cards
(DBN)

El-Erian on global market sell-off: 'I don't think the party is over'
(DBN)

Private equity giant KKR says valuations around the world still 'quite high' despite sell-off
(DBN)

The hidden bear market: Most S&P 500 stocks are in "correction"
(DBN)

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Layoffs:

U.S. Bank trimming 700 staff
(DBN)

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Politics:

Why Kevin O'Leary says Trump has '100 percent' chance of getting reelected in 2020
(DBN)

Here's what we know about the suspicious packages sent to top Democratic figures and CNN • Experts: Bombs Likely Meant to Scare, Not Kill • CNN reporters slam Sarah Huckabee Sanders for criticizing their 'negative' coverage of Trump after attempted bombing • WH: ‘Ridiculous’ Trump’s Rhetoric Linked to Bomb Threat • At Least Nine Trump Critics Targeted by Pipe Bombs • Robert De Niro and Joe Biden receive suspected mail bombs similar to those sent to top Dems and CNN • Gingrich: Bombs are Attempted Murder • Pipe Bombs: FBI Searches Florida Post Office • Experts: Clues the Bomber Left Behind • Some Mailed Pipe Bombs Could be Duds • Instagram Removes Yiannopoulos Post Praising Pipe Bombs • Manhunt for sender of mysterious 'suspicious packages' zeroes in on Florida mail center • The Bombs in the Mail: What We Know
(DBN)

Trump Tweets at 3 A.M. to Rant About CNN
(DBN)

Megyn Kelly is reportedly out at NBC after backlash over blackface comments • How Megyn Kelly rose from small-town cheerleader, to Fox News' star anchor, to reportedly losing her job as NBC's daytime talk show host • Megyn's Attorney Set for Friday Showdown • Megyn Kelly’s Blackface Comment Killed Her NBC Show. Her Controversial Career Already Had It on Life Support • Megyn Kelly in 2017: 'I regret a lot' of the controversial stuff I've said on live television • Here’s Megyn Kelly’s Best Shot at Legal Victory Over NBC • She Wants to Go Back to Fox
(DBN)

Majority in U.S. Still Say a Third Party Is Needed
(DBN)

Presidential Approval Rating - Poll of Polls: Approve: 44.7% Disapprove: 52.1%
(DBN)

Billionaire Democrat Tom Steyer preparing to unleash $16 million in final 11 days of midterms
(DBN)

Poll: U.S. Hispanics say their situation has worsened since Trump took office
(DBN)

Trump's tweet claiming he only uses government phones was sent from an iPhone
(DBN)

NATO Urges Trump to Stay in INF Treaty • Trump's claims about the nuclear treaty are correct — Russia and China's buildup of weapons has gone unchecked
(DBN)

“A Methodology of Mistruth”: Scaramucci Clarifies His Earlier Description of Trump As A Liar By Saying He Is Actually An “Intentional Liar”
(DBN)

How Trump’s Dark Genius Is Rolling Back the Blue Wave
(DBN)

Voting Rights Groups Call Out Arizona for Rejecting Thousands of Vote-by-Mail Ballots
(DBN)

Cruz vs. Beto: America's First $100 Million Senate Race
(DBN)

Texts to voters purportedly from Trump roil Kansas election
(DBN)

U.S. officials concerned Trump discussing sensitive information on unsecured cellphone • White House rejects New York Times report suggesting Trump's iPhone was tapped by Chinese spies • China has responded to a report that Trump’s personal iPhone has been tapped: ‘You can change to Huawei phones’
(DBN)

You can take time off work to vote in 30 US states — but you're out of luck in the rest
(DBN)

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Economy:

Fed's new Vice Chair Clarida backs more rate hikes in first major policy speech
(DBN)

Hedging against Trump? Fed chair builds network of support on Capitol Hill
(DBN)

Jobless claims rise slightly on effects of Hurricane Michael
(DBN)

Durable-goods orders up 0.8% in September on strong defense orders
(DBN)

Fed GDPNow latest forecast: 3.6 percent — October 25, 2018
(DBN)

Chemical Activity Barometer "Begins to Cool" in October
(DBN)

Kansas City Fed: Regional Manufacturing Activity "Expanded at a Slower Pace" in October
(DBN)

Weekly Initial Unemployment Claims increased to 215,000
(DBN)

The economy can 'turn down on a dime,' Cramer warns Fed chief Powell
(DBN)

Donald Trump deserves some credit for economy’s strength
(DBN)

Trump's trade war with China is starting to get nasty for US companies • Fed’s recent survey offers a glimpse of how the specter of tariffs looms large on Wall Street • US is Stopping Trade Talks with China • Report Shows Continued Growth in Middle Market, But Tariff Fears Taking Their Toll • Military tensions around Taiwan could make it harder to resolve the trade war • Grassley criticizes Trump's farm bailout rules after Chinese-owned firm qualifies • America Should Let China Lose The Trade War Gracefully
(DBN)

The business behind the trade balance : Why trade deficits decrease in recessions and increase in booms
(DBN)

Trade chiefs say WTO no longer sustainable and needs reform
(DBN)

NAFTA 2.0 Doesn't Help Dairy Farmers Much
(DBN)

Yellen Warns About Leveraged Loans
(DBN)

Slowly But Surely, Americans Are Softening Their Negative Impression of Business
(DBN)

Protections on risky loans are close to their worst-ever levels, says Moody’s
(DBN)

Poll: Half of US Latinos Say Country is Going Downhill • More Latinos Have Serious Concerns About Their Place in America Under Trump
(DBN)

US Debt Clock
(DBN)

Two-thirds of people in a new survey believe the economy will get scarier in the next 12 months
(DBN)

By the numbers: who is middle class
(DBN)

Most Americans Haven't Heard Much About the Rising Deficit
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Pending home sales snap back in September after 4-month losing streak • NAR: Pending home sales increase in September, but decline annually • NAR: Pending Home Sales Index Increased 0.5% in September
(DBN)

Here's why many young people today are not buying houses
(DBN)

Mortgage rates edge higher as housing market cracks appear
(DBN)

Freddie Mac: Mortgage Serious Delinquency Rate Unchanged in September
(DBN)

With loan closing ‘imminent,’ Hermitage begins talks with creditors
(DBN)

FDIC chair: Risk has shifted from banks to mortgage servicers
(DBN)

This Community Is Tearing Itself Apart Over Non-Christians Owning Houses
(DBN)

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Municipalities:

Puerto Rico moves to make island run on completely green energy by 2050
(DBN)

Puerto Rico fiscal board looking to hire a claims counsel
(DBN)

Think tank report: Puerto Rico’s unfinished Business After Hurricane Maria
(DBN)

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Oil/Gas:

Petro-States Face Extinction
(DBN)

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Pharma:

Trump to unveil a new 'American patients first' strategy; accuses drug manufacturers of charging more in US • Trump's new plan to drive down drug prices to fight 'global freeloaders' sounds exactly like what those 'freeloaders' are already doing • The Trump Administration's Drug Pricing Strategy Undercuts American Innovation • Trump to Attack ‘Global Freeloading’ in Drug Price Address • Trump to propose sweeping changes to Medicare drug prices • A Dem-controlled House could work with Trump to lower drug prices
(DBN)

Medicare Pays Far More than Other Countries for Drugs, Government Finds
(DBN)

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Retailing:

Sears' future in doubt as Chairman Eddie Lampert looks for more protections • Sears directors tap Evercore to examine former CEO Eddie Lampert's deals • Lampert wants first lien rights on Sears loan • The ghost of Toys R Us is haunting Sears suppliers • Bankrupt Sears needs money. And time is running out • Mnuchin must recuse from Sears matters on pension panel, senators say • Sears' bankruptcy may power Craftsman sales, Stanley Black & Decker says • Kmart manager's emotional farewell speech foreshadows what could happen to 68,000 Sears employees if the company liquidates • Bankruptcy court judge OKs Sears plans for store closing sales • Sears Holdings is delisted on NASDAQ • How 1 High-Yield REIT Saved Itself From Sears • Sears is dying and so is the traditional shopping mall • Sears Tries Again for Cash as Lenders Balk on Loan Deal • Sears owes these 7 suppliers — and many more — millions in payments • A Sears Bankruptcy Liquidation Would Be A Nightmare For Seritage Growth Properties • Sure, you remember Sears fondly, but why aren't you shopping there? • Was Sears’s bankruptcy predicted by its architecture? • Struggling malls at crossroads as Sears makes exit
(DBN)

The US's biggest mall operator says the mall of the future 'doesn't need department stores'
(DBN)

Moody's is signaling that the US retail apocalypse is over
(DBN)

Amazon's Q3 profit blew through the Street's forecast • Amazon earnings show record profit, but stock drops on holiday forecast • Disappointing Holiday Forecast Drops Amazon's Stock 9% After Earnings Report • Amazon's Prime Day boost can't save it from disappointing sales
(DBN)

National Wholesale Liquidators files for Chapter 11, may liquidate • New Delaware Chapter 11 Filing – NSC Wholesale Holdings, LLC
(DBN)

David's Bridal negotiates with lenders as comps fall 6.5%
(DBN)

Two Toys ‘R' Us suppliers have filed suit against ETG Capital Advisors in New York over unpaid put fees
(DBN)

Mattel surges after it reports 41% growth in operating income • Mattel misses sales estimates as China, Europe demand dips
(DBN)

Mattress Firm Issues Ultimatum To Landlords As Battle Over Bankruptcy Closures Begins
(DBN)

Carter's Feels the Sting of Toys R Us and Bon-Ton
(DBN)

Report: Neiman Marcus could be looking to restructure debt • Neiman Marcus, Owner of Bergdorf Goodman, Last Call, May Seek to Restructure Debt
(DBN)

Bed Bath & Beyond downgraded as struggles persist
(DBN)

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Coal:

Trump’s new FERC chairman could give new life to plan to help coal and nuclear power plants, analysts say
(DBN)

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Student Debt:

Ex-student loan official: ‘We dropped a trillion dollars of debt into the market’ with little thought to oversight
(DBN)

Student Loan Debt Crisis Can Bankrupt Parents
(DBN)

Student-Loan Debt Is Bringing on Millennial Class War
(DBN)

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Banking:

Wells Fargo Executives Charged With Fixing Wells Fargo Probably Not Fit To Reconcile A Cash Register At An In-N-Out Burger: OCC
(DBN)

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Food/Beverage:

Private Equity Pillage: Grocery Stores and Workers At Risk
(DBN)

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Electricity:

FirstEnergy lost $512 million in third quarter, cites court-approved deal to shed bankrupt FirstEnergy Solutions
(DBN)

SC Senate candidates agree the best deal for ratepayers is if SCANA goes bankrupt
(DBN)

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Radio:

Meet The Big-Time Fee Examiner In iHeart's BK Case
(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 (23 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (8 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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SCOTUS:

Two New Justices on U.S. Supreme Court: Here’s Hoping for a Reset on Bankruptcy Court Authority
(DBN)

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Litigation:

Bentham, Brownstein And Fennemore Craig Litigation Finance Experts Discuss Recent Industry Growth
(DBN)

Breaking The Rules: 3 Ways To 'Lead' A Direct Examination
(DBN)

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UST:

UST Seeks Attorney IN UT
(DBN)

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Avoidance Actions:

The Long Arm of the Law: Avoidance Actions Without Borders
(DBN)

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Cross-Border:

Cross-border restructuring conundrum: The current position for restructuring professionals following The OJSC International Bank of Azerbaijan
(DBN)

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Subordination:

Delaware District Court Agrees That Plans Need Not Reflect Bargained For Priority Provisions in Subordination Agreements
(DBN)

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UCC:

Ambiguous UCC Collateral Descriptions Part II: Another Snare for Private Equity Companies
(DBN)

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Marijuana:

Excise Tax or Regulatory Fee? A Warning for Bankruptcy Practitioners and Cannabis Clients
(DBN)

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Personal Finance:

Mega Millions Winner Faces Massive Tax Bill
(DBN)

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Travel:

The man who shouted racist abuse at a black woman on a Ryanair flight blamed it on a 'fit of temper'
(DBN)

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Corporate Reform:

BCFP Releases Complaints Snapshot, Debt Collection No Longer No. 1
(DBN)

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Climate:

Emails: Tillerson Knew About Climate Change • New York state sues Exxon Mobil for deceiving investors on climate-regulation risk
(DBN)

Scientists Push to Remove Carbon from Air
(DBN)

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Healthcare:

Major Hospital on S.F. Border Threatened by Bankruptcy
(DBN)

Bankrupt company selling two Santa Fe nursing homes
(DBN)

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Bankruptcy Crimes:

Pulaski Co. woman pleads guilty to bankruptcy fraud
(DBN)

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Solar:

Suniva warns of liquidation unless it gets new bankruptcy loan
(DBN)

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UK:

Top London law firms attended Davos in the Desert despite killing of journalist
(DBN)

Corporate Governance and Insolvency reforms
(DBN)

Troubled Cafe Chain Admits Giving Execs Undisclosed Shares • Patisserie Valerie failed to disclose share options
(DBN)

UK gender pay gap drops to 8.6%
(DBN)

Tenant Insolvency - How landlords should approach CVAs
(DBN)

Top U.K. businessman outed in fresh #MeToo scandal
(DBN)

Supermarket price wars leave UK food suppliers close to bankruptcy
(DBN)

Britain Headed for a Brexit Crashout
(DBN)

“Retail market will remain tough for Debenhams in spite of store closures”
(DBN)

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PIIGS:

Italian Families, Firms Feel Heat of Rising Bank Loan Costs
(DBN)

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Canada:

Litigation funding in Canadian insolvencies: a new tool in the toolbox?
(DBN)

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MENA:

Killed journalist Jamal Khashoggi's son has been permitted to leave Saudi Arabia, and his family is headed for the US • Saudis Agree Murder was Premeditated • Saudi Arabia again changes its story on Jamal Khashoggi's killing • UN says Jamal Khashoggi murder was likely an 'extrajudicial killing' committed by the Saudi state • Khashoggi killing complicates Trump's peace plan
(DBN)

Sale of art owned by Dubai’s Abraaj raises $5.8m
(DBN)

Courses to train Turkey's bankruptcy protection commissioners booming
(DBN)

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Singapore:

Insolvency, Restructuring and Dissolution Bill passed
(DBN)

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Cuba:

Cuba makes debt payment to Western nations
(DBN)

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Netherlands:

Two hospitals to close at short notice after being declared bankrupt
(DBN)

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China:

The Chinese Century is Well Under Way
(DBN)

Australia's former foreign minister let slip how casually easy it is for China to tell another country what to do
(DBN)

China’s robot uprising
(DBN)

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Russia:

Russian court completes JFC Group's bankruptcy proceedings
(DBN)

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Australia:

Hand back your bonuses, Bill Shorten tells bank executives
(DBN)

Australia: Most Successful Rich Country
(DBN)

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India:

Promoters of 73,000 companies may face action
(DBN)

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