September 13, 2018

The Daily Bankruptcy News

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Law:

Former Dickstein Shapiro Lawyers Sue Blank Rome Seeking $4 Million in Unreturned Capital Blank Rome Dodged $4M Owed: Ex-Dickstein Shapiro Partners
(DBN)

Defunct Charlotte Law School and Ex-Students Reach $2.7M Settlement
(DBN)

Law schools struggle to find themselves in a post-recession market
(DBN)

Immediate-past ABA President Bass will leave Greenberg Traurig to launch diversity institute Biglaw Shake Up: Greenberg Traurig Co-President Hilarie Bass Is Leaving The Firm Bye bye, Big Law: Greenberg Traurig Co-President Hilarie Bass is Stepping Down to Start a Nonprofit
(DBN)

Quinn Slams Ex-Partners' Claim His Firm Is In Decline
(DBN)

Biglaw Firms Stink At Serving Smaller Clients
(DBN)

Q&A: Why Atrium Thinks It Can Make Clients—and Lawyers—Happier
(DBN)

Legal Industry Admits It Has a Substance Abuse Problem, But Recovery Won't Come Easy
(DBN)

Kasowitz Bolsters Restructuring Practice with Bankruptcy Veteran Kyung S. Lee
(DBN)

Water Is Wet, The Sky Is Blue, And Women And Minorities Continue To Face Bias In The Legal Profession
(DBN)

Ex-SDNY Judge Katherine Forrest Returns to Cravath Former Federal Judge Who Unexpectedly Left The Bench Returns To Biglaw
(DBN)

2 firms each sanctioned $500 after defendant complains of ‘egregious discovery gamesmanship’
(DBN)

Comic-Con(undrum): Court Condemns Counsel For ‘Head In The Sand’ Litigation Misconduct
(DBN)

The First Law School Professor To Ruin Someone’s Hopes Of Being A Lawyer
(DBN)

Berkeley Law School Is On Its Way To Purging ‘Boalt’ References
(DBN)

Ex-Trump campaign chief Manafort doesn't want to flip on president if he gets plea deal: report Paul Manafort’s lawyers reportedly talking plea ahead of second trial 'There are no good choices': Paul Manafort faces a risky gamble ahead of his second trial Trump’s ties to the Russian mafia go back 3 decades
(DBN)

Christopher Wray defends bureau's reputation amid criticism from Trump
(DBN)

Republicans may block new attorney general if Sessions is fired: report GOP Senators Back Trump Into Corner on AG
(DBN)

Democratic candidates for New York Attorney General pledge to go after Donald Trump Did Cuomo Play Politics with Cohen Probe?
(DBN)

Why did CBS Chairman Les Moonves get such a face-saving #MeToo exit, and others didn’t? Designing Women Creator Blasts Moonves Jeff Fager Out at 60 Minutes Coverup was last straw in Moonves' ouster from CBS: report Reddit Man Asks How To Get Out Of A Harassment Investigation ‘With No Blood On My Hands’ Weinstein RICO Case Against the Ropes in New York Video shows Harvey Weinstein behaving inappropriately with businesswoman
(DBN)

Report: 12,800 migrant children remain in U.S. detention Number of migrant children in federal shelters hits record, as facilities near capacity Family Separations and the Deep Scars Family arrivals surge at US-Mexico border in August Share of U.S. Population Born Abroad Hits a 108-Year Peak Authorities Can Now Deny Visa and Green Card Applications Without Giving Applicants a Chance to Fix Errors
(DBN)

Hands-on with all the new iPhones Apple just introduced Here's a first look at all three of the new iPhones There’s now a $1,000 gulf between Apple’s cheapest and most expensive iPhones How to get Apple’s new iPhone for half price
(DBN)

Judge strikes down 95-year-old California ban on storefront handgun ads
(DBN)

TX Shooting By Officer Who Killed her Neighbor: Who Gets To Be A Human In Crime Stories? The National Rifle Association’s curious response to Botham Jean being killed in his own home says more about selling firearms than defending gun rights
(DBN)

Why I Changed the Way I Write about Police Shootings
(DBN)

6 people killed, including gunman, in Bakersfield, California, shooting spree
(DBN)

Author of 'How to Murder Your Husband' arrested for . . .
(DBN)

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Judges:

Justice Scalia’s Contributions to the Development of Bankruptcy Law
(DBN)

Hurricane Schedule For BK WD NC BK ED NC Closed 9/13 and 9/14 Courthouse Closures for Hurricane Florence Law Schools, Courts Close Ahead Of Hurricane That’s Expected To Cause Catastrophic Damage
(DBN)

'It had been a chaotic morning': Brett Kavanaugh says he didn't recognize Parkland shooting victim's father when he tried to shake his hand Sen. King to vote no on Kavanaugh confirmation Democrats pepper Kavanaugh with written questions, including if he had a gambling problem Yo, Did Brett Kavanaugh Roll Aces And Get Emotional About Losing His Stash? Sheldon Whitehouse Thinks So Recapping The Kavanaugh Hearings Senators Press Kavanaugh Over Kozinski Clerkship, Loyalty, Personal Debt & More Brett Kavanaugh Is Your Very Real Chance To Be More Financially Successful Than A Supreme Court Justice Hearings May Be Over, But Dems Still Hammering Kavanaugh
(DBN)

House Bill Proposes Full-On Court Packing Because Why Not At This Point?
(DBN)

GOP Just Confirmed a Lot of Judges
(DBN)

House Committee to Take Up Measure to Reconfigure the Ninth Circuit
(DBN)

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Wall Street:

US futures edge higher ahead as talk of US-China trade discussions lifts sentiment U.S. stock futures inch higher as S&P 500 tries for 4th up day in a row
(DBN)

Stocks close mixed amid potential US-China trade talks
(DBN)

Morgan Stanley says a multiyear bear market is already here as earnings growth wanes
(DBN)

Goldman Sachs stock reaches longest losing streak since its 1999 IPO
(DBN)

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Layoffs:

Tribune Broadcasting to cut 120 jobs in Houston, Dallas
(DBN)

BBVA to lay off 1,000 employees in Mexico: report
(DBN)

Illinois employers warn of nearly 1200 upcoming layoffs
(DBN)

Swedish Health cuts 550 jobs as part of ongoing reorganization
(DBN)

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Climate:

Hurricane official: 'Catastrophic rainfall' across Carolinas, storm surge up to 50 miles inland Hurricane Florence has gas stations running dry as residents make a mad dash to fuel up Will snakes be in the flooded waterways after Hurricane Florence? The Science Behind Florence Hurricane Florence to cause "unbelievable destruction" in Carolinas The Potential Impacts of Hurricane Florence, Mapped Storm’s uncertain track sows fear; 10 million in crosshairs Airlines cancel hundreds of flights, cap fares ahead of Hurricane Florence Hurricane Florence could knock out power for more than 2 million customers: Researcher North Carolina fears possible environmental disaster What homeowners bracing for Hurricane Florence can do now to prepare for insurance claims Hurricane Florence to strengthen through Wednesday night Hurricane Florence is predicted to hit 10 million people, and could be 'catastrophic' when it arrives tonight Why Florence is so unusual — and so dangerous Astronaut peers into the eye of Hurricane Florence Fierce Hurricane Florence takes aim at the Carolinas, with millions in danger From pork to tobacco, farms are in the 'bull's-eye' of Hurricane Florence Slowing Hurricane Florence expected to hammer parts of eastern coastline for days Fleeing Hurricane Florence: Easier said than done on 'last good day to evacuate'
(DBN)

North Carolina didn't like science on sea levels … so passed a law against it
(DBN)

Hurricanes and Economic Data
(DBN)

Brad Pitt built dozens of homes after Katrina. Now they're falling apart.
(DBN)

As 1.7 million people evacuate for Hurricane Florence, a far stronger 'super typhoon' is about to hit the Philippines and China
(DBN)

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Food/Beverage:

Restaurant companies at greatest risk as Hurricane Florence bears down
(DBN)

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Accounting:

EY grows global revenues to $34.8bn
(DBN)

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Economy:

Fed's Beige Book: Economic Growth "moderate", "Softer Home Sales"
(DBN)

Fed's Brainerd backs gradual rate hikes but warns of 'imbalances' that could trigger faster action
(DBN)

This warning light indicates consumer sentiment could soon sour
(DBN)

Declines in the prices of food and a range of trade services offset an increase in the cost of energy products.
(DBN)

US median household income climbs to new high of $61,372
(DBN)

US in early stages of proposing new trade talks with China in the near future Chinese stocks, yuan relieved after US offers exit ramp from tariffs on $200 billion in goods China may use its property markets to defend against Trump's trade war offensive US-China trade progress not expected before election A third of U.S. companies in China may put off investments over trade worries US Companies in China Hurt by Tariffs
(DBN)

US-Mexico trade deal will be 'fair to both parties,' says Michael Milken Why Canada & Mexico Don't Agree on NAFTA
(DBN)

Bernanke, Paulson and Geithner say they bailed out Wall Street to help Main Street
(DBN)

How much money Americans have in their 401(k)s at every age
(DBN)

Warren Buffett on why bubbles happen: People see neighbors 'dumber than they are' getting rich
(DBN)

Animation: Over 50 Years of U.S. Discretionary Spending in 1 Minute
(DBN)

The wealthiest investors are snapping up these assets
(DBN)

Recovery Threw Middle Class Under the Benz
(DBN)

Tax Cuts 2.0: What’s in the GOP Plan and Why It Matters
(DBN)

U.S. households are still scarred by the financial crisis, new report suggests
(DBN)

Social Security’s Troubling Trend
(DBN)

Krugman: Botching the Great Recession: Why the slump went on so much longer than it should have
(DBN)

California’s poverty rate is still the highest in the nation, despite state efforts
(DBN)

Cities with the Highest Poverty Rates
(DBN)

Chicago sets up universal income task force as city seeks ways to tackle poverty
(DBN)

The Most (and Least) Popular Business Sectors in the U.S.
(DBN)

World Took a Negative Turn in 2017
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

MBA: Mortgage Applications Decreased in Latest Weekly Survey, Refi Lowest Since 2000
(DBN)

Warning sign: The epicenter of the housing bust is booming again
(DBN)

Tampa Realtor Pleads Guilty to Fraudulent Bankruptcy Scheme
(DBN)

Massive Dallas Foreclosure Scam Closes
(DBN)

California Bay Area Home Sales Decline 11% YoY in August, Inventory up 5% YoY
(DBN)

Houston Real Estate in August: YoY Sales Distorted by Hurricane Harvey
(DBN)

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Municipalities:

Puerto Ricans Took Back Power After Hurricane Maria
(DBN)

Puerto Ricans dissatisfied with Hurricane Maria response
(DBN)

Donald Trump's New Tweet About Carmen Yulin Cruz Is Reigniting The Drama
(DBN)

Trump’s Dubious Revisionist History of Hurricane Maria
(DBN)

Puerto Rico: One Year After Hurricane Maria
(DBN)

The Perfect Storm: How Climate Change and Wall Street Almost Killed Puerto Rico
(DBN)

Puerto Rico sales tax soar as territory exceeds revenue expectations
(DBN)

JPMorgan's experimental investment in Detroit was so successful that it's decided to invest $500 million in up-and-coming cities
(DBN)

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Oil/Gas:

The financial crisis crushed record oil prices but the market is still gripped by boom and bust
(DBN)

IEA report: Global oil supply hit a record high in August despite Iran, Venezuela fallout IEA report shows supply surge among OPEC members
(DBN)

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Healthcare:

PDHCD formulates bankruptcy exit strategy
(DBN)

Broward rehabilitation center buys facility from bankruptcy for $8M
(DBN)

Trump administration makes it easier to avoid Obamacare tax penalty
(DBN)

You survived cancer only to face a pile of medical bills and bankruptcy
(DBN)

Charging Almost $200 for a Bottle of Pills Worth $6 Poll: Nobody’s doing enough on drug prices
(DBN)

Rates of uninsured in US hold steady at historic low 8.8 percent
(DBN)

Medicaid is the ACA's workhorse
(DBN)

"Income, Poverty and Health Insurance Coverage in the United States: 2017"
(DBN)

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Autos:

Here is the list of claims so far against Reagor Dykes in bankruptcy court Reagor Dykes asks for September 18 hearing on possible sale
(DBN)

Yet another finance executive is leaving Tesla Tesla investor spoke with US SEC about 'funding secured' tweet Tesla customers may face longer response time as deliveries rise: Musk
(DBN)

GM Ignition Switch Litigation Advances in NY Federal Court With State Liability Rulings
(DBN)

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Student Debt:

Mick Mulvaney worries about the 'moral' consequences of failing to pay back student loans
(DBN)

Judge rules against DeVos in student loan lawsuit
(DBN)

Four Ways To Minimize The Chances Of Maddening Rage If You Are A Participant Of The Public Service Loan Forgiveness Program
(DBN)

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Hotels:

Peoria's Marriott hotels await life with new owner
(DBN)

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Lehman:

The Day Lehman Collapsed
(DBN)

Ten Years After Lehman Bankruptcy, New Books Point Finger at Two Men
(DBN)

Recovery From Financial Crisis Limps On 10 Years After Lehman
(DBN)

Explained: What happened during the 2008 Lehman crisis
(DBN)

Chancellor: “Haves” enriched most from Lehman bust
(DBN)

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Bankruptcy Crimes:

Agent faces up to 5 years in prison for bankruptcy fraud
(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 (22 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (46 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:

August bankruptcy filings jump 10%
(DBN)

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Personal Finance:

Hiring managers share the No. 1 resume lie that could cost you the job
(DBN)

The IRS is warning retirees of this impending surprise tax
(DBN)

Do you really know what it takes to retire early?
(DBN)

Consumers are gradually losing this credit card perk
(DBN)

People are actually ‘ghosting’ their job interviews now
(DBN)

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Banking:

When no banks are failing, you’ve got a silent canary in a coal mine
(DBN)

The ex-Barclays CEO once dubbed the 'unacceptable face of banking' thinks banks should be taking more risks today
(DBN)

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Politics:

Jamie Dimon says he could beat Trump in an election: 'I'm smarter than he is' Could Jamie Dimon beat Trump? What oddsmakers say about famous billionaires' presidential chances Trump fires back at "nervous mess" Jamie Dimon
(DBN)

Bob Woodward's 'Fear' sells 750,000 copies in 1st day, breaks Simon & Schuster's pre-order sales record Trump demanded small-donors ("hobbits") pay back his $10 million investment in campaign: Woodward Woodward: Trump throws tantrums when confronted with truth Bob Woodward says he recorded 'almost all' of the interviews for his bombshell book, has 'boxes of recordings and documents' to prove it
(DBN)

Report finds protections for minority voters have plunged since 2013
(DBN)

Nike's Kaepernick ad drove away some customers but galvanized others
(DBN)

Trump authorizes sanctions to punish foreign interference in US elections
(DBN)

Bloomberg: There's never been a president this unpopular with an economy this good
(DBN)

Midterm Seat Loss Averages 37 for Unpopular Presidents
(DBN)

Michael Moore says he believes Trump could be America's last president because 'he has no respect for the rule of law'
(DBN)

Allies Doubt How Long Trump Stays in Power
(DBN)

The massive number of Democratic candidates for 2018
(DBN)

Political enthusiasms are running high around the country
(DBN)

Impossible No Longer - Democrats Eye Senate
(DBN)

What Polls Are Missing from Midterm Elections
(DBN)

Video of Google leaders mourning election sparks outrage on the right
(DBN)

Kansas Republicans’ Rebellion Against Kris Kobach Spreads
(DBN)

Report: FEMA's Brock Long under investigation for misuse of government cars
(DBN)

John McCain's family slams GOP group for using footage of him in ads
(DBN)

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Education:

Wells, Sonnleitner civil case on ice
(DBN)

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Entertainment:

In the Zone: The Weinstein Co. Chapter 11 Hearings #9-13
(DBN)

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Retailing:

Bankrupt retailer Claire's says time's up for alternative reorg plan
(DBN)

Oaktree Lines Up $1.1 Billion in Financing for Claire’s Stores, Seeks More
(DBN)

Claire’s struggles on through restructuring process
(DBN)

Mall rents continued to fall in second quarter
(DBN)

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UK:

Viral publisher Unilad faces insolvency action by HMRC
(DBN)

UK Govt Issues Consultation on Insolvency and Corporate Governance Reforms
(DBN)

Late deal saves Bolton from bankruptcy protection
(DBN)

Is personal liability the way to tighten insolvency issues?
(DBN)

Dominic Raab says British firms are using Brexit as an 'easy' excuse for poor results UK Prime Minister May calls special meeting to discuss 'no-deal' Brexit
(DBN)

Sports Direct ordered to hand over documents to FRC
(DBN)

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EU:

Ten years after Lehman Brothers collapsed, this is where European banks stand now
(DBN)

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PIIGS:

Court extends asset protection for Folli Follie
(DBN)

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India:

Supreme Hiatus in Insolvency Proceedings Has SC Thrown a Wrench in RBI's Circular on Resolution of Bad Loans?
(DBN)

Is India’s massive NPA mess linked with Lehman bankruptcy?
(DBN)

Next Lehman-like bankruptcy? This debt-ridden firm seems to be in serious financial trouble
(DBN)

Fast Track Debt Resolution Programme – Achilles Heel Of The Insolvency And Bankruptcy Code
(DBN)

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China:

Rat in broth wipes $190 million off restaurant chain's value
(DBN)

At least 11 killed and dozens injured in southern China after suspected convict drives SUV into crowded square
(DBN)

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Romania:

Romania’s government to tighten insolvency rules this year
(DBN)

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Turkey:

Turkey's central bank raises interest rates to 24%
(DBN)

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