December 11, 2018

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Susman Godfrey Smashes Cravath Associate Bonus Scale Susman Godfrey Bests Cravath with ‘Extraordinary’ Bonuses Litigation Powerhouse Rocks The Market With Mega Bonuses Less-Than-Year-Old Selendy & Gay Gives Bonuses Up to $135K 50 Percent Higher Bonuses (And Even More!) At This Firm
(DBN)

With November losses, legal services industry has 100 fewer jobs than a year ago
(DBN)

Best Year in a Decade for Law Firms? Maybe, But Not for Everyone
(DBN)

The Most Profitable Time For Law School Graduates
(DBN)

Probably Not How You Should Talk To Pregnant Associates: A Biglaw Play In Four Acts
(DBN)

Lawyers slap Sears with $5M legal bill — for 17 days of work
(DBN)

Nonlawyer staff members at Kirkland no longer will be required to arbitrate workplace disputes
(DBN)

Big Law Strikes Back: Firms’ Consulting, Crisis PR Test Big Four
(DBN)

Global Information Security Trends for the Legal Industry
(DBN)

Most Legal Departments Aren't Using Litigation Finance. Is That About to Change? The five fictions preventing GCs and CFOs from leveraging legal finance
(DBN)

T14 Law School The First In The Nation To Require Coursework On Mental Health
(DBN)

ABA approves Illinois/Chicago acquisition of John Marshall Law School
(DBN)

2018 ABA Tech Survey shows over two-thirds of attorneys use iPhone, over one-quarter use Android
(DBN)

Police: Tulane Law Student Killed By Wife in Self Defense Law School 1L Killed Right Before Finals
(DBN)

Meet the Lawyers Fighting Harvard Over Admissions
(DBN)

Here Comes the Digital LSAT LSAT will be administered on Microsoft Surface Go tablets in 2019
(DBN)

How To End A Presentation Vividly And Memorably
(DBN)

What Is Your Firm Doing On Christmas Eve?
(DBN)

Trump calls hush money payments a 'simple private transaction' Ex-Prosecutors Cast Doubt on Trump Hush-Money Spin Trump blames Michael Cohen for hush money ‘liability’ Conspiracy theorist and Roger Stone associate Jerome Corsi sues Mueller for $350 million Fox News legal analyst says he can’t imagine Trump not being indicted Michael Cohen's Guilty Plea Puts Spotlight on Defense Lawyers' Role Brennan Fires Back at Trump for Mocking Russia Probe Bernstein: Witness Believes Mueller Has All Russia Info Pence Will Pardon Trump, Columnist Predicts Manafort plans to file a response to the Mueller memo this week Major players in Trump-Russia drama seek to dismiss DNC suit Some Trump allies starting to worry about investigations Trump's "reality tremor" as Mueller fallout piles up Conrad Black: Mueller's Got Nothing The Danger of Dead Bees: How Missteps With Cohen and Manafort Could Sting Trump In 2019
(DBN)

10 Takeaways from Comey's Testimony
(DBN)

Accused Russian Spy Maria Butina Reportedly Pleads Guilty, Agrees to Cooperate
(DBN)

New Lawsuit Seeks to Expose How Giuliani Knew in Advance That Comey Would Reopen Clinton Probe
(DBN)

Why the Public (and the President) Are Wrong About What It Means to Take the Fifth
(DBN)

The Global Reach of U.S. Law Enforcement
(DBN)

How Misconduct Allegations Could Cost Astrophysicist Neil deGrasse Tyson Millions Deloitte fires 20 partners for inappropriate behavior Law firms investigating CBS News detail abuses -- but some employees question findings
(DBN)

Accused Russian agent Butina sets stage for pleading guilty — accused of plotting to infiltrate NRA
(DBN)

CBP Told Agents to Not Call Immigrants ‘#CatchOfTheDay’ Troops begin to draw down from Trump border assignment 9th Circuit: New asylum restrictions likely violate federal law; Bybee wrote opinion The Ninth Circuit’s Asylum Ban Ruling is a Message to Trump It’s official: Trump’s asylum crisis is driven by people coming legally “Public charge,” Trump’s proposal to restrict legal immigration, explained ABA releases updated standards for treatment of unaccompanied immigrant minors
(DBN)

Texas police made more than $50 million in 2017 from seizing people's property. Not everyone they took from was guilty of a crime.
(DBN)

Leadership Lessons From Westeros (Part I)
(DBN)

Hundreds of abuse cases reported at children's camps across U.S.
(DBN)

Man arrested for planning Ohio synagogue shooting
(DBN)

Former prosecutor’s disbarment for anonymous online posts is lesson for other lawyers, court says
(DBN)

Rand Paul calls for pressure on McConnell for criminal justice bill
(DBN)

Jury deciding sentence for man who rammed rally protesters
(DBN)

Dylann Roof's Female Pen Pal Planned 'Upscale Mass Murder' at Bar, Prosecutors Say
(DBN)

'He Stole My Body': Former University Frat President Accused of Sexual Assault Gets No Jail Time
(DBN)

Making a Murderer Attorney Found Not Guilty of Stalking Court Clerk
(DBN)

School Shootings Hit Record High in 2018
(DBN)

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Judges:

Kavanaugh sides with liberals as Supreme Court hobbles states' efforts to defund Planned Parenthood Supreme Court rejects cases on Planned Parenthood defunding; 2 justices join Thomas’ dissent Why a Conservative Supreme Court Acted in Favor of Planned Parenthood The Supreme Court’s surprising decision on Planned Parenthood, explained
(DBN)

Justice Thomas Accuses Colleagues of Sidestepping
(DBN)

Judge on Trump’s Supreme Court short list proposes discovery ban for cases worth less than $500K
(DBN)

The Must-See Biopic About Ruth Bader Ginsburg
(DBN)

5th Circuit Finds US Magistrate Pursued Relationships With Attorney, Court Staffer, But Won't Reprimand Him
(DBN)

SCOTUS on a Collision Course with Trump
(DBN)

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Wall Street:

US futures slightly lower as market volatility continues
(DBN)

Dow dives over 500 points before recouping all of its losses
(DBN)

Paul Tudor Jones sees more volatility, says stocks could drop as much as 15% before rebounding
(DBN)

Almost half of S&P 500 stocks in a bear market
(DBN)

Stocks are on track for the worst year in a decade. Four experts weigh in on what 2019 will bring
(DBN)

Morgan Stanley sees growing risk of 'earnings recession' next year
(DBN)

Stocks are on track for the worst year in a decade
(DBN)

Fear Gauge Warns That This Selloff Is Different
(DBN)

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Layoffs:

Verizon says 10,000 employees have accepted its buyout offer 10,400 Verizon workers quit their jobs. That's a good sign for the economy
(DBN)

Walmart is reportedly testing a burger-flipping robot as the company doubles down on automation
(DBN)

Global Cleaning Giant to Get Rid of 100,000 Jobs
(DBN)

As Thomson Reuters Readies Layoffs of 3,200, What’s It Mean for Customers?
(DBN)

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Politics:

Why is America So Angry?
(DBN)

GOP Senator Orrin Hatch Flatly Says He Doesn't Care if Trump Was 'Involved in Crimes'
(DBN)

Former Nixon WH lawyer: Congress will have 'little choice' but to begin impeachment proceedings
(DBN)

The high-profile Trump White House departures
(DBN)

GOP leader who gloated about Benghazi probe wants Dems to refrain from investigating Trump Top Republican: America ‘Too Great’ to Continue Investigating Trump
(DBN)

Judge Andrew Napolitano Suggests There’s a Good Chance President Trump Will Be Indicted
(DBN)

Republicans need to broaden their base or go the way of the Whigs
(DBN)

Trump Goes After Kim Jong Un's 'No. 2' in New Sanctions
(DBN)

In search of a third chief of staff, Trump sets a record Wanted: Trump chief of staff for 'the worst of times' Twitter Users Troll Trump With Hilariously Awful Chief Of Staff Suggestions Who's next? Here are 9 potential replacements for John Kelly Serving Trump Revealed Who John Kelly Always Was Trump Doesn’t Want a Chief of Staff Why Trump Can’t Find Anyone to Be His Chief of Staff
(DBN)

In GOP's post-election power grabs, experts see 'disturbing' trend
(DBN)

Key Democratic senators investigate Fox News bonus payments to Trump aide Bill Shine
(DBN)

How the IRS was Gutted
(DBN)

44 former senators warn of "serious challenges" to U.S. institutions
(DBN)

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Newspapers:

More Americans now get news from social media than newspapers, says survey
(DBN)

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Tech:

Apple news from China is 'another gut punch' for iPhone maker, analyst says
(DBN)

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Cryptocurrency:

Cryptocurrency loses 50% of its value and $110bn in one month
(DBN)

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Logistics:

Proposal would let Postal Service sell access to your mailbox
(DBN)

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Education:

Deals between banks and colleges cost students $27 million, long-delayed CFPB report finds
(DBN)

20,000 More Reasons To Never Go To A For-Profit School
(DBN)

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Economy:

Former Fed Chair Yellen says excessive corporate debt could prolong a downturn
(DBN)

Job openings back over 7 million and near a record high BLS: Job Openings increase to 7.1 Million in October US Job Openings Rose in October, Top Unemployed by 1 Million
(DBN)

More Jobs, Less Pay
(DBN)

What will a $100 bill be worth in a year?
(DBN)

Fear of interest rate hikes is fading as next Fed meeting approaches
(DBN)

Citi: US Credit Faces Warning Sign With Ominous Debt-Rating Trend
(DBN)

Median Household Income by State
(DBN)

Small businesses, desperate to fill open positions, juice job offers with amazing perks Small Firms Find Tight Labor Market A Costly Challenge
(DBN)

Why Perks No Longer Cut It for Workers
(DBN)

In a tight labour market, companies bet big on five-year rewards
(DBN)

Could the U.S. cope with another financial meltdown? Are You Ready for the Financial Crisis of 2019?
(DBN)

Chances of a 2019 recession rise, but still not likely, economists says This Recession Indicator Just Flashed A Warning
(DBN)

Goldman Joins JPMorgan in Calling Growth Concerns Overdone
(DBN)

OECD’s chief economist: It’s time to prepare for the worst
(DBN)

Nearly a million filed for disability during the recession who otherwise wouldn’t have, study finds
(DBN)

Deloitte: U.S. Dealmaker Optimism for 2019 Hits Three-Year High
(DBN)

Legendary investor Paul Tudor Jones says the coming December interest-rate hike 'will be the last one for a long time' Goldman Sachs reduces its outlook for Fed rate hikes, says the market is still wrong The Fed, if it keeps hiking rates, will cause a recession: Ex-Trump economic advisor Cramer: Fed didn't do 'its homework' and is now forced to hike rates this month
(DBN)

U.S., China Kick Off a New Round of Trade Talks GM, Ford shares jump on report China is moving toward auto tariff cut Trump hinted at Trump's trade war is causing GoPro to move production of its US-bound cameras out of China GoPro Shifting Manufacturing Out of China Amid Trade War Concerns China reportedly considers bringing back U.S. soybeans China bans many iPhone models in Qualcomm patent dispute China's Ban on Apple's Older iPhones Is Deeply Ironic -- and Unsettling Trade War Update: China Subverts Tariffs, Trade Gap Gets Wider The Huawei case will finally force the US to prove some claims it's made about Chinese companies Hyundai Motor labor union condemns U.S. tariffs on South Korean cars Trump's China Tariffs Could Push U.S. Into a Recession This is what the start of a tech Cold War looks like Stingy trade war aid irks US farmers Trump Pours Rocket Fuel on the Trade War Fire How Meng Wanzhou's Arrest Might Backfire China Says Canada Violated Bilateral Pact in Huawei Arrest China Tells US to Withdraw Arrest Warrant for Huawei CFO Huawei CFO Case Hinges on an Offshore Puzzle Bail hearing for Huawei exec jailed in Canada will move into second day Trump's China tariffs are a regressive tax on Americans and risk a recession Trade is Corporate America's Biggest Concern
(DBN)

Europe could 'infect us': Richard Fisher on risks to the economy
(DBN)

AAR: November Rail Carloads Down 0.2% YoY, Intermodal Up 2.5% YoY
(DBN)

Small-business optimism dips over fears of an economic slowdown: Survey Small-business sentiment slumps to 7-month low in November
(DBN)

How long it would take to pay off the average credit card balance in every state
(DBN)

The next worry for U.S. stocks: shrinking profit forecasts
(DBN)

More Than 750 Million Worldwide Would Migrate If They Could The Countries People Want To Get Away From Many worldwide oppose more migration – both into and out of their countries
(DBN)

One way to help U.S. workers: Guarantee them a job
(DBN)

Freelancers, Get Ready For The Coming Recession
(DBN)

Here's how much CEOs at Amazon, McDonald's, and 13 other lucrative brands earn compared to the typical worker
(DBN)

A new report predicts huge swaths of Americans should expect bigger tax refunds — but not everyone is set to benefit
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Single Asset Real Estate Case Dismissed for “Bad Faith” Under Fourth Circuit Precedent
(DBN)

Homeowners are seeing the smallest equity gains in two years
(DBN)

"Mortgage rates at their lowest levels in several months"
(DBN)

This is what the housing market could look like in 2019
(DBN)

Redfin: Number of sight-unseen home offers retreat
(DBN)

New Report Provides More Evidence of a Cooling Housing Market
(DBN)

Black Knight Mortgage Monitor for October
(DBN)

Mortgage Equity Withdrawal slightly positive in Q3
(DBN)

Top 50 Places to Live in the United States in 2018
(DBN)

Here Are The 100 Most Expensive Zip Codes In The US
(DBN)

IL: Jones Lease Properties declares bankruptcy
(DBN)

Trump Considering Pence Aide for Fannie-Freddie Regulator Trump Expected to Nominate Fannie, Freddie Critic to Oversee Mortgage-Finance Giants
(DBN)

Creditors of zombie properties hit with new regulations
(DBN)

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Municipalities:

Puerto Rico governor signs bill for $2 billion in tax relief Puerto Rico to overhaul tax laws
(DBN)

Consultant says state DEQ gave directives for Flint water treatment plant
(DBN)

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Oil/Gas:

Citi forecasts oil goes nowhere in 2019 as OPEC cuts and US pumps more
(DBN)

Morgan Stanley Slashes Oil Price Forecast For 2019
(DBN)

Ferrellgas Partners: Cash Burn And Very High Interest Payments To Lead To Bankruptcy
(DBN)

Daimler to buy $23 billion of battery cells for electric car drive
(DBN)

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Religion:

Hundreds of abuse allegations found in fundamental Baptist churches across U.S.
(DBN)

Men of God Abusing Children
(DBN)

Two Jesuit provinces release names of priests with credible abuse claims
(DBN)

Two nuns accused of embezzling $500K from school for trips and gambling
(DBN)

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Banking:

How much cash do banks keep in the vault?
(DBN)

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Celebs:

Tennis star Boris Becker in divorce court fight over money after 2017 bankruptcy
(DBN)w

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Mass Torts:

Ropes & Gray Report Charts Gymnastics Officials' Failure to End Abuse USOC, USA Gymnastics enabled Nassar's abuse, probe finds USA Gymnastics Makes First Bankruptcy Court Appearance As Investigation Report Is Released
(DBN)

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Amusement Parks:

New York Wheel parts will head to bankruptcy auction Ill-fated New York Wheel project will sell parts at auction
(DBN)

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Marketing:

Reports: Catalina, one of Tampa Bay's largest private companies, is contemplating bankruptcy
(DBN)

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Paper Products:

Orchids Paper: Bankruptcy By The End Of The Year?
(DBN)

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Aviation:

Waypoint advances $650 million bankrupt sale to Macquarie unit Macquarie Group to Acquire Bankrupt Waypoint Leasing
(DBN)

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Radio:

Objections Fly Against iHeart Emergency Motions Delay For iHeart? GAMCO Lawsuit Settlement, Plan Confirmation Delay, Exec Bonus Plan Draw Objections In iHeartMedia Bankruptcy Case
(DBN)

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Transit:

Scooter Firm Chases Funding to Staunch Losses
(DBN)

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Golf:

Sierra La Verne Country Club owners signal intentions to close, file bankruptcy
(DBN)

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Hotels:

New Delaware Chapter 11 Filing – interTouch Holdings LLC
(DBN)

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Non-Profits:

NRA in Deep Financial Trouble
(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 (18 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (6 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:

Weekly Bankruptcy Claims Trading Activity
(DBN)

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Discharge:

Circuit Split: Should Subjective Intent Preclude a Finding of Civil Contempt in a Discharge Injunction Violation Case?
(DBN)

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Cross-Border:

Brazil's Constellation Group Files for Bankruptcy in the U.S.
(DBN)

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Advisers:

Armstrong Teasdale’s Cousins launches strategic advisory firm
(DBN)

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Retailing:

J.C. Penney: What It Needs To Survive
(DBN)

Neiman Marcus bondholder sues to undo transfer of retailer's European business, MyTheresa
(DBN)

Dollar stores thrive in distressed pockets of America
(DBN)

Sears seeks offers on stores Lampert needs for turnaround Sears Chapter 11 - Weil Gotshal & Manges Bills $5 Million for 17 Days Work
(DBN)

Without Toys R Us, one iconic, international toy chain could soon make its mark in the US
(DBN)

We visited dozens of stores this year, and these were the messiest by far
(DBN)

Holiday shoppers spending more, retailers fight to replace Toys R Us
(DBN)

You call that a discount? Americans have high expectations for price cuts
(DBN)

Holiday Season Retail Hiring Since 1979
(DBN)

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Entertainment:

Netflix's Worst Nightmare Is Coming True
(DBN)

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Climate:

Climate change could lead to another financial crash
(DBN)

U.S. and Russia Block Endorsement of Climate Report
(DBN)

White House Sends Coal Lobbyists to Climate Change Meet
(DBN)

Fire-Resistant Is Not Fire-Proof, California Homeowners Discover
(DBN)

Economic Damage From California Fires Spreads Further Than Blazes
(DBN)

Investors with $32 trillion at stake sound the alarm on climate change
(DBN)

California inferno gives rise to family-reuniting 'Angels'
(DBN)

Taxing Fuels to Cover Climate Change
(DBN)

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Healthcare:

Santa Clara County buys two financially struggling hospitals for $235 million
(DBN)

County will be new Saint Louise owner
(DBN)

Sizing up a major skilled-care bankruptcy: Prelude or a comeuppance?
(DBN)

Bankrupt Promise Healthcare lines up private sale of St. Louis hospital
(DBN)

Six in 10 Americans Worry About Higher Healthcare Premiums
(DBN)

U.S. drug prices don't translate to better health
(DBN)

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Autos:

Carlos Ghosn: Former Nissan chair charged with financial misconduct Nissan ex-chairman Ghosn files complaint over detention Art and cash-filled Rio apartment the new battleground for Nissan, Ghosn - court filing Ex-Nissan chief Ghosn charged, served with fresh arrest warrant Ghosn's Lawyers Push Back, Saying Charges Against Him Are Flawed
(DBN)

Reagor Dykes bankruptcy claims worth millions listed in registry
(DBN)

Schweizer Group files for bankruptcy - The first consequences of the exhaust scandal
(DBN)

When Elon Musk Switches on "Insane Mode"
(DBN)

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Travel:

United to start charging for its best coach seats (Extra legroom not included)
(DBN)

Customs officers searching more travelers' devices
(DBN)

Delta bans kittens and puppies as support animals on all flights and all emotional support animals on longer hauls
(DBN)

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Fraud:

The stories of Madoff's victims vary widely, as the fraud continues to unwind 10 years later How Madoff's Multi-Billion Fraud Changed the Hedge Fund Industry Bernie Madoff and the coming stock market apocalypse On This Day: Bernie Madoff arrested for $50B ponzi scheme Madoff author: I don't believe the family knew Ten years later — The Madoff legacy? ‘No one remembers a thing’ Lessons From the Bernie Madoff Fraud, 10 Years Later Madoff’s Victims Are Close to Getting Their $19 Billion Back And they said it couldn't be done ... Widow of investor duped by Madoff sues shrink over suicide
(DBN)

Bankruptcy Court Allows Fairfield Liquidators To Proceed On 305 Clawback Cases Seeking the Return of $6 Billion in Overpaid Redemptions
(DBN)

Is the next Madoff lurking on the horizon? Experts will not rule it out.
(DBN)

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UK:

Theresa May delays Brexit-deal vote to avoid huge defeat in Parliament May refuses to set new date Theresa May Is Running Out of Options Says deal must include controversial Northern Ireland backstop 'We will not renegotiate' Brexit, EU executive tells Britain Sterling plummets to 21-month low as UK government pulls Parliament's vote on Brexit FTSE 100 dragged lower as U.K.’s May delays Brexit vote U.K. delays Brexit vote — what happens next? May Kicks Brexit Can Down the Road, Raises Risks of No Deal Theresa May tells rebel MPs to come up with 'alternative solution' or back her Brexit deal Theresa May Asks Merkel for Brexit Help Brexit breakdown could be bullish for U.S. stocks UK stocks to crash 25% if no Brexit deal agreed, says MSCI The Brexit That Nobody Wants
(DBN)

UK economy slows as car sales fall
(DBN)

Interserve rescue plan prompts share collapse
(DBN)

Shopping visits fall in run-up to Christmas
(DBN)

Late Payments Report Finds Fault With Big Retailers
(DBN)

British man charged in alleged £239 million investment fraud
(DBN)

Former Man United star Dwight Yorke, 47, avoids bankruptcy after paying £1.5million tax debt in full
(DBN)

The funds hit by Interserve's 'wipeout' rescue plan Outsourcing firm Interserve's shares dive despite rescue plan When Shareholders Have to Pay for Past Mistakes Fears grow Government contractor Interserve could be 'Carillion mark two' Why Interserve’s banks do not think it is ‘Carillion Mark Two’ Interserve shares sink as it battles to avoid Carillion's fate
(DBN)

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EU:

Across Europe, a Political Landscape Defined by Deep Divisions
(DBN)

France and Germany are uprooting the pillars of the European Union
(DBN)

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PIIGS:

Rome and EU could be ready to compromise over Italy's spending plans, local media reports
(DBN)

Astaldi Nears A Key Deadline In Its Restructuring
(DBN)

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Canada:

Sears customers told to continue paying for worthless extended warranties
(DBN)

Consumer Insolvency Filings Spike In Canada, And It's Likely Just The Beginning
(DBN)

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France:

Paris Riots Reveal Disillusion and Despair in French Hinterlands Macron takes responsibility for citizens’ anger Macron promises minimum wage hike in bid to calm protesters Riding wave of social unrest, French high-school students vow ‘Black Tuesday’ protests Macron promises 'all means' to restore calm after Paris riots, pledges to speed up tax relief
(DBN)

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China:

China's trade data wasn't pretty — and analysts say the worst is yet to come
(DBN)

Asia Falls Out of Love with China's Belt and Road Initiative
(DBN)

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India:

Indian tycoon Vijay Mallya faces extradition from the UK
(DBN)

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Singapore:

Noble intends to restructure under court-appointed officer
(DBN)

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