October 3, 2018

The Daily Bankruptcy News

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Law:

Biglaw Practice Leader Encourages Women To Tell Him If They Plan On Becoming Pregnant… For ‘Budgetary Reasons’
(DBN)

Bankrupt Law Firm's Lawyers Find New Gigs as Clawback Specialists Get Call
(DBN)

Sedgwick, LLP Commences Voluntary Chapter 11 Case As The Final Chapter Of Winding Down Of The Firm Once Storied Sedgwick Files for Bankruptcy as Wind-Down Fails
(DBN)

Baker McKenzie Top-Ranked Global Law Firm Brand for Ninth Year
(DBN)

Mid-Market Moves, 'Serial Acquirers' Drive Law Firm Merger Mania
(DBN)

Mark Stopa’s former law firm files bankruptcy petition to liquidate its assets
(DBN)

Law Schools Scrutinizing Applicants' Social Media Posts
(DBN)

Manatt Must Pay Recruiter Who Didn’t Place Attorney $335,000
(DBN)

Law School Professor Writes Women Should Not Have Jobs
(DBN)

5 Oral Communication Clichés Re-Imagined
(DBN)

Kavanaugh Uproar Casts Uncomfortable Spotlight as ABA Struggles
(DBN)

Jury rules for Buchalter in suit seeking more than $150M for estate lawyer’s alleged misconduct
(DBN)

Ex-Novak Druce Associate Sues Polsinelli in Standoff Over Fees
(DBN)

California approves major revision to attorney ethics rules, hewing closer to ABA Model Rules
(DBN)

Is It Time To Upgrade Your Engagement Letters?
(DBN)

Texas Lawyers Can Renegotiate Flat Fee if They’re Fair
(DBN)

The Science on Why We Lie
(DBN)

Arent Fox Announces 2018 AF Fellows Class
(DBN)

What Lean Law Really Means
(DBN)

Outside Counsel: Work With Me, Not Against Me
(DBN)

Susman Godfrey to Give All Associates Unlimited Paid Parental Leave Firm Offering Unlimited Parental Leave For All Parents Susman Godfrey Offers Unlimited Gender-Neutral Parental Leave
(DBN)

How Law Firms Are Capitalizing on the Private Equity Boom
(DBN)

Biglaw Firm Being Investigated By F.B.I. Over Lobbying Contract
(DBN)

Trump: 'Very scary time for young men in America' “I say that it's a very scary time for young men in America when you can be guilty of something that you may not be guilty of” Trump’s message to young men: Evil people will make false statements about you Sen. Hirono levels Don Jr. for irrational ‘fear’ of women: ‘Don’t assault them, don’t harass them’
(DBN)

Trump's Story on Stormy Keeps Collapsing Michael Avenatti takes a victory lap after Wall Street Journal reports Trump directed an effort to keep Stormy Daniels silent earlier this year
(DBN)

Members of California white supremacist group arrested in connection with deadly Charlottesville rally
(DBN)

Homeland Security watchdog confirms chaos caused by zero-tolerance policy Nooses in cells, rotting teeth — report details harsh conditions at Adelanto immigration facility Detained immigrant children are being moved to a tent city in Texas US Unprepared for Zero Tolerance Immigration
(DBN)

U.S. begins denying diplomatic visas to unmarried same-sex partners
(DBN)

A Texas Court Ordered a Hospital to Keep a 9-Year-Old Cancer Patient on Life Support
(DBN)

Rap mogul’s ex-lawyer arrested for allegedly depositing a stolen tax refund check worth over $1M
(DBN)

BigLaw partner deletes Twitter account after profane insult toward Sarah Huckabee Sanders
(DBN)

Trump mocks Kavanaugh accuser Christine Blasey Ford's account of her alleged sexual assault
(DBN)

In a first, a suspect is forced by the FBI to unlock an iPhone with his face
(DBN)

Federal Court Ends Reckless Police Chases
(DBN)

More Disorder in the Court
(DBN)

Colonists Had More Protections From Unreasonable Government Searches Than We Do Now
(DBN)

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Judges:

Law Firm Partner, a Kavanaugh Classmate, Questions Yale Accuser's Claim Trump Mocks Ford's Sexual Assault at Rally Days after calling Christine Blasey Ford a 'credible witness' who gave 'compelling' testimony, Trump mocks her at a campaign rally in Mississippi Kavanaugh Coordinated Friends' Response Trump defends Kavanaugh: ‘Very scary time for young men' How we got here: The Kavanaugh timeline Conservative money groups pressure red-state Senate Democrats to support Brett Kavanaugh Ex-FBI Agent on the Kavanaugh Probe Some Democrats see Michael Avenatti's entry into the Brett Kavanaugh scandal as a 'distraction' Kavanaugh May Face Recusal Dilemmas If He's Confirmed If Confirmed, Will Kavanaugh Take the Supreme Court ‘Express Train’ to the Right? After student protests, Kavanaugh tells Harvard Law School he won’t teach in January Harvard Law School Lets Kavanaugh Take The Gentleman’s Way Out The Kavanaugh Hearings Were Something Else, Weren’t They Even People Who Like Kavanaugh Are Jumping Ship Tales From An Unsuspecting T14 1L: ‘Brett Kavanaughs’ Who Has FBI Contacted in Kavanaugh Probe? Ford demands interview in FBI probe I Know Kavanaugh. I Wouldn't Confirm Him Broader FBI Probe into Kavanaugh Said to Still Face Some Limits National Reporters Are Transfixed by the Kavanaugh Story. How About Their Readers?
(DBN)

This Is No ‘Standard’ FBI Background Investigation
(DBN)

Conservatives Really Want You To Remember Justice Breyer Got Arrested In College
(DBN)

Judge Scolds JPMorgan, Traders For 'Excessive' Redactions
(DBN)

Trailblazer for Women, ‘Notorious RBG’ Honored at Supreme Court
(DBN)

John Ninfo: Is the tax deduction cap here to stay?
(DBN)

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Wall Street:

US stock futures rise as fresh economic data looms Dow could carve out record as Italy fears fade
(DBN)

Stocks finish mixed amid Italy worries
(DBN)

2018 IPO market is dominated by unprofitable companies
(DBN)

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Layoffs:

Scaramucci comes to the aid of laid-off Toys R Us workers
(DBN)

The Coders Programming Themselves Out of a Job
(DBN)

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Retailing:

Do you miss Toys 'R' Us? Its lenders hope to revive the brand Toys 'R' Us lenders cancel auction, lenders plan to revive brand Report: Toys R Us might be staging a comeback after canceling bankruptcy auction Toys 'R' Us not dead yet after shock move to cancel bankruptcy auction Toys R Us saved! Geoffrey the Giraffe could be about to make a comeback after bankruptcy auction canceled Geoffrey, LLC's Assets to Be Acquired by Its Secured Lenders Toys R Us To Get The Weekend At Bernie's Treatment As IP Holders Look To Cash In
(DBN)

Amazon has been promoting its own products at the expense of big brands
(DBN)

Leaked email reveals Amazon is changing how delivery drivers are paid following reports of missing wages
(DBN)

Steinhoff's Mattress Firm in dire financial trouble, filing for bankruptcy protection Mattress Firm expected to file bankruptcy Bedding stocks on watch after Mattress Firm bankruptcy report Tempur Sealy's stock soars after report Mattress Firm bankruptcy was imminent
(DBN)

The retail war over bed-in-a-box
(DBN)

Amazon jumps on mattress disruption with new private label
(DBN)

Bankrupt retailer Brookstone says buyers to keep airport stores open
(DBN)

Should Seritage Growth Properties Investors Fear a Sears Bankruptcy?
(DBN)

Gump’s to Hold Bankruptcy Auction
(DBN)

Shopping mall vacancies at highest in 7 years
(DBN)

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Aviation:

What to Do If You Have A Flight Booked with Bankrupt Primera Air? Customer Of Boeing And Airbus Goes Bankrupt Why did Primera Air collapse? We reveal what went wrong with the budget airline
(DBN)

PenAir future up in the air as bankruptcy hearing starts in Anchorage PenAir Goes Up For Auction Wednesday
(DBN)

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Student Debt:

1 Million People Default On Student Loans Each Year
(DBN)

Student Loan Debt Is Making Us Put Off Marriage, A New Study Says
(DBN)

Lawmaker Introduces Legislation to Ease Burden of Student Loan Debt
(DBN)

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Economy:

Private payrolls surge by 230,000, highest since February as the economic boom continues
(DBN)

Powell pledges the Fed will 'act with authority' if inflation spikes Fed’s Jerome Powell doesn’t expect low unemployment rate to cause inflation spike
(DBN)

The Fed should return to role as a 'supporting actor' in the economy, Chicago's Evans says
(DBN)

To boost the economy, let’s first change how we measure the economy
(DBN)

Workers are ready for their cut of this booming economy
(DBN)

Trump's big fight with Canada over dairy gets the US only $70 million more than TPP trade deal GOP Sen. Pat Toomey: Congress may be able to fix the 'flaws' in Trump's new NAFTA deal Cornyn: NAFTA 2.0 Could Still Fall Apart Trump Got What Dems Couldn't in NAFTA 2.0 Don't Believe the NAFTA 2.0 Hype Trump's trade agreement isn't a done deal yet
(DBN)

Trump Tariffs Forcing US Price Increases Tesla says it's getting slammed in China because of tariffs US-Mexico-Canada agreement shows a deal with China is 'possible': OECD chief U.S. military comes to grips with over-reliance on Chinese imports Top Trump economic adviser attacks Goldman for ‘trying to make a partisan point’ on tariffs ahead of midterms Downbeat farmers look past NAFTA trade rewrite to keep focus on bigger win — and that’s China
(DBN)

A rare moment of agreement: Trump's White House and Bernie Sanders applaud Amazon's $15 minimum wage Amazon just raised its minimum wage to $15 — and it's a brilliant strategic move in the 'war for talent' Amazon's minimum wage hike puts the pressure on Walmart, Target and others to follow The economic side effects of Amazon's wage hike Amazon is raising its minimum wage to $15 an hour — here's how much CEO Jeff Bezos makes in those same 60 minutes Sanders refers to Amazon’s $15-an-hour wage as ‘shot heard round the world’ Amazon’s $15 promise puts focus on $7.25 U.S. minimum wage: Here’s who earns it Behind Amazon's $15 minimum wage hike
(DBN)

New Jersey House Republicans see danger as GOP tax plan hits voters ahead of midterms
(DBN)

Tax Cuts: A trillion-dollar blunder by the CBO
(DBN)

Brexit and a slowing China add to the darkening global outlook
(DBN)

The next financial crisis will be brought on by inadequate regulation, top economist says
(DBN)

The case for paying every American a dividend on the nation’s wealth
(DBN)

A new report finds gig economy may be less prevalent than thought
(DBN)

Parents spend twice as much on adult children than they save for retirement
(DBN)

The cost of raising a child is at an all-time high, and it's partly because parents feel pressure to buy kids what their friends have
(DBN)

Small And Mid-Size Business Owners Feel A Slight Chill In The Air, Report
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

 

Mortgage fraud putting lenders in a tough spot
(DBN)

Manhattan home sales plunge as sellers refuse to get 'realistic' about what buyers can afford
(DBN)

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Municipalities:

Puerto Ricans who claim power overbilling get boost in court
(DBN)

Puerto Rico - Third Quarter 2018 Review
(DBN)

Disaster Profiteers vs. the People of Puerto Rico
(DBN)

Puerto Rico Governor Ricardo Rosselló on Hurricane Maria: I Own Up to My Mistakes
(DBN)

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Oil/Gas:

TX: Permian Needs $300Bn More Over 5 Years
(DBN)

Denmark to Ban Gas Powered Cars by 2030
(DBN)

Bankrupt Exco Resources settles well project dispute for $22.5 mln
(DBN)

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Politics:

Trump Engaged in Suspect Tax Schemes as He Reaped Riches From His Father 11 Takeaways from NYT Trump Expose Fox News: Trump Reaped Millions in Shady Tax Schemes New York tax authorities investigating Trump fraud allegations White House responds to NYT report on alleged Trump tax fraud The New York Times destroyed Trump's origin story — and the White House didn't deny it
(DBN)

Trump reportedly tried to rewrite his father's will but his dad thwarted the effort, saying 'this doesn’t pass the smell test'
(DBN)

Trump reportedly thinks Elizabeth Warren will be his 2020 opponent, and that he'll crush her
(DBN)

Mail sent to Defense Secretary James Mattis may contain ricin, Pentagon says Ricin suspected in two letters sent to Pentagon; ‘suspicious envelope’ sent to White House How Easy Is It to Make Ricin?
(DBN)

2 hospitalized after exposure to powdery substance at Cruz's Houston campaign office Ted Cruz's Houston campaign office
(DBN)

Trump tumbles down the Forbes 400 as his net worth has taken a major hit Forbes: Trump would be $500 million richer if he’d liquidated, invested in market If Trump had done nothing but invested the 'small loan' his father gave him, he'd still be worth around $2 billion today
(DBN)

These tea party House Republicans face tough challenges from big-spending Democrats
(DBN)

TX: Obama Endorses 9 Dems, but Not Beto
(DBN)

White House Quietly Chokes Off UN Funding
(DBN)

Trump's 2020 dreams
(DBN)

Trump Is Not Texting You
(DBN)

Trump FactCheck: Republicans "just passed" the Veterans Choice program after 44 years of trying. "They've been trying to pass that one for many, many decades."
(DBN)

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E-Cigarettes:

FDA seizes documents in surprise inspection of e-cigarette maker Juul
(DBN)

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Movies:

MoviePass Owner Rules Out Bankruptcy, Announces $65 Million in New Funding
(DBN)

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Autos:

Ford goes after Lubbock law firm for "suspect payment" in Reagor Dykes case
(DBN)

Peugeot open to new deals as turnaround draws attention -CEO
(DBN)

Amateur sleuths say parking lots full of Tesla cars hint at sales problems Tesla beats Wall Street estimates for overall vehicle deliveries Tesla Production Up, Future Still in Doubt Billionaire investor predicts huge things for Tesla in the coming years Tesla meets Model 3 production goals and sales targets, but shares still fall SEC settlement forces Tesla to give Elon Musk adult supervision SEC Legally Daring Tesla Board To Produce Some Balls Musk's Ultimatum: Fight SEC or I Quit Here’s how Tesla’s Elon Musk got a worse deal than the SEC first offered
(DBN)

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Contracts:

Contract Roulette: The Top Five Agreements That Get Businesspeople In Trouble
(DBN)

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Opera:

How Hiring a Superstar Wrecked New York City Opera
(DBN)

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Taxis:

Too soon to sanction plaintiff attorneys for 'false statements' in Yellow Cab bankruptcy dispute, judge says
(DBN)

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Corporate Governance:

California's New Board Quota Law Could Move the Needle on Diversity
(DBN)

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Distressed Investing:

Wilmington's Monigle talks opportunities in distressed
(DBN)

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Newspapers:

Rogoff settles
(DBN)

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New Bankruptcy Opinions
(10 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (20 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (13 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:

Pharma Joins Energy, Retail in Restructuring
(DBN)

Restructuring head details which sectors to watch
(DBN)

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DIP Finance:

Beyond the Carve Out: Early Actions Creditors' Committee Counsel Can Take to Secure Funding for Claims Prosecution and Other Expenses
(DBN)

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Make-Whole:

A Momentous Rejection: United States Supreme Court Declines to Review Second Circuit’s Momentive Make-Whole Opinion
(DBN)

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Cross-Border:

Cambridge Gas resuscitated — Farewell Rubin and Singularis?
(DBN)

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Avoidance Actions:

I Scream, You Scream, We All Scream at Preference Claims
(DBN)

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Automatic Stay:

BAP Reverses Judge Bluebond’s $400,000 Stay Violation Award — Taggart All Over!
(DBN)

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Termination:

“I’ll Be Back . . . Probably”: The Terminator’s Conundrum
(DBN)

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Mass Torts:

Feds: We’re Not Going To Stand For Asbestos-Bankruptcy Fraud
(DBN)

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Claims Trading:

Caesars Case Again Highlights Disallowance Risk When Distressed Claim Transfers Fail to Comply with Assignment Provisions
(DBN)

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Mediation:

Four Characteristics of Successful Mediators — from a Study of Mediation in International Relations
(DBN)

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SCOTUS:

Status Report on the Supreme Court Bankruptcy Cases
(DBN)

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Consumer Bankruptcy:

Bankruptcy Court Cracks Down on “Appearance” Counsel
(DBN)

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Conglomerates:

S&P downgrades General Electric's credit rating a day after CEO is fired GE credit sits just 3 notches above junk after 2-notch downgrade at S&P Global
(DBN)

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Personal Finance:

The biggest financial mistake you could ever make, according to Suze Orman
(DBN)

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Electricity:

Behind the Great Plant Vogtle Rebellion of 2018
(DBN)

Nuclear plant shutdowns closer, FirstEnergy Solutions mum on retention bonuses
(DBN)

A Tale Of Two Power Plants: One Nuclear Plant Gets the Go Ahead While One Coal Plant Gets The Axe
(DBN)

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Climate:

Trump told the mayor of a disappearing island not to worry about sea-level rise. Here's what it's like to live there.
(DBN)

Updates to the Climate Case Charts
(DBN)

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Healthcare:

Healthcare banker turns focus to insolvency within skilled nursing
(DBN)

Judge removes Norwich portion of former Norwich Hospital property from bankruptcy case
(DBN)

Ellwood City hospital accounts still frozen, owner says operations continue as normal
(DBN)

Verity Health System Enters into Asset Purchase Agreement with Santa Clara County
(DBN)

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Musical Instruments:

It's Over: Gibson Guitar Is Officially Exiting Chapter 11 Bankruptcy Gibson Brands Plan of Reorganization Confirmed Gibson Guitar Fans at KKR Lead Rock Music Icon Out of Bankruptcy
(DBN)

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Food/Beverage:

Denver-based frozen fruit snack firm files for Chapter 11 bankruptcy
(DBN)

More than a third of Americans eat fast food every day
(DBN)

Treasure Island Foods sued for over $453,000 by produce supplier
(DBN)

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UK:

The perks of the pre-pack insolvency model
(DBN)

UK restaurant sector sees 20% increase in insolvency
(DBN)

Consequences if May Doesn't Drop Brexit Plan
(DBN)

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PIIGS:

Is Italy the new Greece? These 6 charts explain why Italy is rattling markets
(DBN)

Seán Dunne's escape from bankruptcy foiled by 'incredible' attitude Judge brands Dunne 'deeply dishonest' US court upholds contempt ruling against Sean Dunne Sean Dunne ordered to pay €7,000 a month to bankruptcy trustee
(DBN)

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Canada:

The ‘wake-up call’ for brokers placing D&O liability
(DBN)

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New Zealand:

New Zealand to fine travelers who don't hand over device passwords
(DBN)

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Singapore:

Court-to-court cooperation in restructuring: Singapore drives ahead
(DBN)

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India:

‘We are in dire straits, please help us,’ a desperate IL&FS urged govt Some ousted IL&FS board members blame LIC inaction Modi govt's rescue of debt-ridden IL&FS may spell major losses for lenders: Sources Cautious buyers stall debt-laden IL&FS's bid to sell subsidiaries
(DBN)

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Turkey:

Turkey sees surge in online information services on bankruptcy protection
(DBN)

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Australia:

High Court Locks The Gate On Linc Energy Appeal.
(DBN)

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