December 12, 2018

The Daily Bankruptcy News

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Law:

As more law firms match Cravath bonuses, some surpass them; top associates at this firm get $225K Small Firm, Big Bonuses Associate Bonuses You’re Sure To Love
(DBN)

Penn Is First Elite Law School To Require Training In Attorney Well-Being
(DBN)

Paul Weiss Press Release Captures Everything Broken About Biglaw In One Image
(DBN)

The 2018 Holiday Gift Guide For Lawyers
(DBN)

Legal Hiring Poised For Boom In 2019
(DBN)

Keys to Creating a Successful Relationship With Outside Counsel
(DBN)

Will Kirkland's Lateral Hiring Streak Continue Under New Leader?
(DBN)

'Frightening' Bar Exam Results, but No Plans to Lower Passing Score: California Chief Justice
(DBN)

How Michael Cohen could help the feds get the Trump Organization More Mueller developments are coming this week in the Manafort, Cohen and Flynn cases Senate Republicans Hatch, Grassley and Kennedy push back at significance of Mueller and SDNY sentencing memos Trump Can’t Stop Confessing The Court Is Not Gambling With Mueller Actually, Crime Is Good How Trump’s Next Attorney General Could Derail the Mueller Probe Flynn sentencing memo reveals the extent of his cooperation with officials: Thousands of documents, the production of electronic devices, and over 62 hours of meetings Flynn requests no prison time, suggests probation and community service Moment of reckoning looms for ex-Trump lawyer Michael Cohen Hearing Set To Determine If Manafort Lied Manafort Team Might Not Challenge Allegations He Lied to Feds
(DBN)

Giuliani's 'Truth Isn't Truth' Tops 2018 Quotes List
(DBN)

Stormy Ordered to Pay Trump Lawyers $239K
(DBN)

Maria Butina to Cooperate with Prosecutors
(DBN)

Government asks justices to intervene on asylum ban Trump's border wall broken promise Illegals are Fine if They Work for Trump
(DBN)

McConnell says Senate will vote on criminal justice bill
(DBN)

James A. Fields sentenced to life in prison for fatal Charlottesville attack, killing bankruptcy paralegal Jury recommends life sentence for neo-Nazi who drove his car into crowd, killing a paralegal
(DBN)

The Nanny Exception?
(DBN)

Alabama 9-year-old dies by suicide after racist taunts and bullying, her family says
(DBN)

"They were all praying": Gunman opens fire in cathedral, killing at least 4
(DBN)

Guns killed more people than car crashes in 2017 Switzerland has a stunningly high rate of gun ownership — here's why it doesn't have mass shootings
(DBN)

Five EY partners fired for inappropriate conduct KPMG and PwC admit firing partners for inappropriate behavior 'No one is protected': Deloitte says it fired 20 partners for alleged misconduct CBS News has settled a lawsuit with 3 women who accused former host Charlie Rose of harassment
(DBN)

‘Making a Murderer’ lawyer acquitted on stalking charge; he did ‘meow randomly,’ court told
(DBN)

Columbia University Student Rants About White Supremacy While Harassing Black Classmates
(DBN)

Florida highway official/attorney sent a crew to clean up her Georgia home. Here’s her penalty.
(DBN)

Time magazine says the US 'remains a free and fair press'
(DBN)

Former lawyer who portrayed ‘Excuseman’ pleads guilty to client theft
(DBN)

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Judges:

Clark County coroner rules bankruptcy judge's death a suicide
(DBN)

Bankruptcy Judges Handle Much More Than Bankruptcy Matters
(DBN)

Senate Lawyer Deemed 'Not Qualified' by ABA Confirmed to Eighth Circuit Pence Breaks Tie for a 'Not Qualified' Judge
(DBN)

Judiciary Succeeds in Campaign to Cut Space and Rents
(DBN)

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Wall Street:

Dow futures jump more than 200 points, cheered by Trump's trade talk
(DBN)

Trade-Talk Progress Lifts Global Stocks
(DBN)

Dow closes lower after swinging more than 500 points in another volatile session The Dow erases more than 300-point gain after Trump threatens government shutdown
(DBN)

'No place to hide': The stock market's sell-off has left investors scrambling for cover
(DBN)

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Politics:

‘I wasn’t asking for permission’: GOP women put leaders on notice
(DBN)

'Furious' John Kelly left detailed notes on Trump and Kushner in view of his staff: report Trump Found Kelly Was Bad Mouthing Him Trump Claims Many ‘Great’ Chief Candidates After Top Choice Turns Him Down Kelly’s Exit Only a Part of Looming White House Staff Remake
(DBN)

Targets of U.S. Sanctions Hire Lobbyists With Trump Ties to Seek Relief
(DBN)

Key Dems Reluctant to Call for Trump’s Impeachment
(DBN)

Trump says he is not concerned about being impeached, defends payments to women Trump Warns Against Impeachment: The People Will Riot
(DBN)

Jamal Khashoggi and other murdered or oppressed journalists named Time magazine's 2018 Person of the Year
(DBN)

Democratic Rep. Ted Lieu tears into Republican colleagues during Google hearing: 'If you want positive search results, do positive things'
(DBN)

Watch the explosive Oval Office battle between Trump, Schumer and Pelosi In Oval Office clash, Trump previews next phase of his presidency Trump reportedly flicked a folder and scattered papers in anger after his fiery debate with Nancy Pelosi and Chuck Schumer Pelosi brings up Trump 'manhood,' says meeting with him was like 'tinkle contest' with skunk
(DBN)

Presidential Approval: 43.5% Approve - 51.8% Disapprove
(DBN)

Beto O'Rourke narrowly tops wide-open MoveOn 2020 presidential straw poll Why Democrats are taking Beto seriously for 2020
(DBN)

Obama extends tour as sales for ‘Becoming’ top 3 million
(DBN)

A Populist Surge Is Pulling Three U.S. Allies Into Political Crises
(DBN)

Press Secretary Sanders said Trump insults female reporters to treat them equally
(DBN)

The 3 False Claims Trump Repeats Most
(DBN)

PolitiFact’s Lie of the Year
(DBN)

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Trucking:

The CEO of a trucking company explains the 'single biggest systemic flaw' in the industry
(DBN)

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Student Debt:

How to avoid this common and billion-dollar student-loan trap
(DBN)

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Personal Finance:

This is the No. 1 reason Americans are so stressed out
(DBN)

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Celebs:

Stephen Curry said the moon landing was faked
(DBN)

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Entertainment:

'John Wick' Producer Challenges Lender's Claim in Bankruptcy
(DBN)

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Conglomerates:

General Electric can go from bad to worse in 2019 GE shares fall as low as $6.66, its closing price low during the financial crisis
(DBN)

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Maritime:

Key investor confirms Hansa Heavy Lift files for insolvency
(DBN)

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Mass Torts:

USA Gymnastics is using bankruptcy to avoid justice
(DBN)

Law firm's report on Larry Nassar case critical of Karolyis
(DBN)

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Asset Managers:

Defunct Greenwich investment firm reaches seven-figure SEC settlement
(DBN)

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Food/Beverage:

Applebee’s Franchisee Gets Court Approval of Bankruptcy Plan
(DBN)

Sacramento produce distributor sued, close to bankruptcy
(DBN)

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Tech:

Judge Knocks Cambridge Analytica Exec's Ch. 7 Escape Bid
(DBN)

Google CEO: Big Tech scrutiny is "here to stay"
(DBN)

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Construction:

NYC Construction Co. Files For Ch. 11 Amid Unpaid $122M
(DBN)

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Economy:

Yellen warns of another potential financial crisis: 'Gigantic holes in the system' Yellen and the Fed are afraid of a corporate debt bubble, but investors still aren't
(DBN)

Hawkish former Dallas Fed president says he doesn’t understand doves like Kashkari
(DBN)

Trump says Fed shouldn't hike rates, but calls Powell 'a good man'
(DBN)

Most economists don’t expect a recession — which might be why they’re wrong
(DBN)

Most CFOs see a U.S. recession coming by 2020
(DBN)

Low joblessness is lifting all boats
(DBN)

Markets expect friendlier Fed after it raises interest rates next week
(DBN)

Goldman Forecast on 2019 Rate Hikes
(DBN)

Services lift US producer prices in November U.S. wholesale prices barely rise in November as inflationary pressures recede
(DBN)

Here’s what Fed officials are saying about the interest-rate outlook
(DBN)

Small Business Optimism Index decreased in November
(DBN)

Americans are more worried about their financial futures now than at any other time in the Trump presidency
(DBN)

IMF: Storms Gathering on Global Economy
(DBN)

House Democrats prepare to push for $15 federal minimum wage, setting up clash with big business
(DBN)

China is reportedly close to cutting its tariffs on US cars, a big trade-war concession to Trump GM, Ford May Not Be Biggest Beneficiaries of Lower China Tariffs Trump teases 'important announcements' as he touts 'very productive' China trade talks China Moves to Address U.S. Economic Concerns Trump admin reportedly preparing to condemn China over trade secrets theft, hacking Former Canadian diplomat detained in China Steel and aluminum tariffs are not hurting the economy, study says Dow rises 350 points on U.S.-China trade hopes China and the US have restarted formal trade talks, but that doesn't mean the trade war will end anytime soon What you need to know about Meng Wanzhou, a Chinese tech founder's daughter whose arrest could set fire to US-China relations White House delays new farm aid payments on hopes of a China trade deal, sources say U.S. Soybean Farmers Work to Loosen China’s Grip Facing extradition to the US, Huawei's CFO is released on bail in Canada Huawei's Meng gets bail, while Canada waits for news of former diplomat reportedly held in China Trump says he could intervene in the case against Huawei CFO if it helps US-China deal Trade Deals With China—Done the Chinese Way Trade war hasn't stopped Chinese companies from listing in the US: Nasdaq Trump Aluminum Tariffs: $690 Million Collected for 300 New US Jobs
(DBN)

Military will build border wall if Pelosi, Schumer don't agree to pay for it: Trump Trump to meet with Democrats about border wall, shutdown
(DBN)

Helping refugees in the U.S. turns out to be good for business
(DBN)

There could be an unlikely place to hide out if a recession is coming: Housing
(DBN)

Working hard or hardly working? Employees spend nearly two hours a day shopping online at work
(DBN)

Richard Fisher: 'Horrifically bad' education system biggest economic threat
(DBN)

How a late night phone call from Warren Buffett in 2008 may have helped save the US economy
(DBN)

A big market collapse and $20 oil make the list of Nomura's 'grey swan' predictions for 2019
(DBN)

Trump gets into raucous, on-camera Oval Office debate with Schumer and Pelosi and says he'd be 'proud' to shut down the government Trump, Dems' Talks Hit A Wall As Gov't Shutdown Looms Trump said a shutdown would be on him. Pelosi and Schumer were happy to agree A spat with Pelosi and Schumer shows Trump has no chance of getting a border wall Trump’s Reality Show in the Oval Office Trump: I secured the border. Trump an hour later: I need billions for a wall to secure the border Why a Shutdown Really Could Happen Right Before Christmas Trump inexplicably told Chuck Schumer and Nancy Pelosi that Mexico would pay for the border wall as part of the landmark new trade deal
(DBN)

What GM’s layoffs reveal about the digitalization of the auto industry
(DBN)

Proposed Trump Rule Could Cost American Workers $1.3 billion in Wages Annually, Economic Study Says
(DBN)

The Geography Of America’s Distressed Communities
(DBN)

Minorities Suffer Most From Wealth Inequality, Study Finds
(DBN)

Baby boomers are the loneliest generation
(DBN)

National Academies Report Demands $70 Billion In Highway Tolls, Taxes
(DBN)

CoreLogic: Here’s what will be making economic news in 2019
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

This is what millennials and boomers are looking for in a home
(DBN)

Reverse Mortgages Seen By Advisors As Option Of Last Resort
(DBN)

Americans Spent $100 Million on Tropical Real Estate. They Were Scammed, FTC Says
(DBN)

Trump nominates Pence's chief economist to lead Fannie, Freddie regulator
(DBN)

Millennials Will Save for 20 Yrs. to Buy Home
(DBN)

Homelessness accelerates in expensive rental markets
(DBN)

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Oil/Gas:

Defying Trump, Saudi Arabia chooses 'Saudi first' oil policy at OPEC meeting
(DBN)

Citi: Oil Prices Are Going Nowhere Next Year
(DBN)

Hundreds of Texas Oil and Gas Workers to Lose Jobs in New Year
(DBN)

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Travel:

For 'simplicity,' Delta introduces 8 boarding categories, based on the price of the ticket Delta changes the way fliers board planes
(DBN)

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Healthcare:

County will buy Saint Louise, O'Connor hospitals Keeping O’Connor, Saint Louise hospitals open is major win
(DBN)

Temple Surgery Center shutters after Little River Healthcare files for bankruptcy
(DBN)

Proton therapy provider's bankruptcy puts future cancer patients' treatment in doubt
(DBN)

Strong U.S. job market hurts care for those in nursing homes
(DBN)

The Loneliest Generation: Americans, More Than Ever, Are Aging Alone
(DBN)

700,000 Lost Health Care in 2017
(DBN)

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Retailing:

Neiman Marcus Charged with Fraudulent Transfer of $1B of Assets to PE Firms Debtholder sues Neiman Marcus over MyTheresa transfer
(DBN)

Why In The World Does Eddie Lampert Still Want Sears? Sears hires JLL to shop hundreds of stores, while weighing takeover bid Sears Is Worth More Dead Than Alive Eddie Lampert Willing to Bailout Sears For Billions Does anyone believe Ed Lampert can still save Sears?
(DBN)

Retail defaults are at an all-time high - here are all the bankruptcies and liquidations so far in 2018
(DBN)

Toys R Us bankruptcy tsunami tests toy business
(DBN)

Amazon isn't getting enough credit for creating jobs, Morgan Stanley says
(DBN)

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Distressed Investing:

The Anatomy of Distressed Debt Markets
(DBN)

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Cryptocurrency:

Crypto Jobs Disappear as Speculators Flee
(DBN)

Crypto Platform Cubits Begins Insolvency Procedure After Alleged Hack, Locks Users’ Funds
(DBN)

Crypto Market Drops Again: Does Bitcoin Price Risk Fall to $2500? Bitcoin moves lower as retail investors increase their bets against the cryptocurrency
(DBN)

Japan seeks ten-year-term for ex-MtGox bitcoin chief: media
(DBN)

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Consumer Finance:

"Buy now, pay later": Old-fashioned loan-sharking with a Silicon Valley smile?
(DBN)

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Movie Theaters:

MoviePass’s parent company CEO was awarded $7 million in shares last year. They’re now worth $50.
(DBN)

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Religion:

Vatican No. 3 Cardinal George Pell Convicted on Charges He Abused Choir Boys
(DBN)

Boy Scouts accused of negligence in abuse lawsuit involving priests
(DBN)

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Coal:

Central Appalachia's newest coal boss facing bankruptcies
(DBN)

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Tax:

Who’s More Likely to Be Audited: A Person Making $20,000 — or $400,000?
(DBN)

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Ethanol:

House GOP Pushes to End Ethanol Mandate
(DBN)

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New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (29 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (4 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 Policy:

Bankruptcy’s New And Old Frontiers
(DBN)

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Mediation:

“Best Practices” for Preparing a Pre-Mediation Statement
(DBN)

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Involuntary Bankruptcy:

Opportunistic Investors’ Drive to Accelerate Termination of a CDO Hits a Dead End
(DBN)

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Executory Contracts:

Fifth Circuit Holds Asset Purchaser Unable to Acquire Rejected License Agreement
(DBN)

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Student Debt:

This mom owes more than $200,000 in student loans for her daughter — and she's far from alone
(DBN)

DC Suppresses Report on Student Loan Abuse
(DBN)

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Fraud:

Bernie Madoff's Ponzi scheme ignited a $363 billion exodus by investors
(DBN)

Madoff's Fraud Ushered in Changes to Secretive Hedge Funds
(DBN)

Bernie Madoff Victims Get $419 Million Payment 10 Years After Arrest
(DBN)

Former Shamrock Jewelers owner indicted for wire fraud
(DBN)

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Motorcycles:

Harley-Davidson sales decline worsened in October and November
(DBN)

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Pensions:

The truth about pensions: they aren’t dead, but some are barely holding on
(DBN)

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Climate:

Rapid global warming is bringing unprecedented changes to Arctic
(DBN)

Reindeer Herds Fall by Half
(DBN)

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Autos:

GE, GM, and Ford Are Carrying a Ton of Debt. Will It Get Ugly?
(DBN)

Tesla is seeking $167 million in damages from the former employee Elon Musk accused of sabotage
(DBN)

Expect heads to roll at Nissan over Ghosn scandal
(DBN)

West Texas auto dealer Reagor-Dykes faces bankruptcy claims of $844 million
(DBN)

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UK:

Turmoil leaves investors struggling to pin down likeliest Brexit scenario Will the British Government Collapse? May’s political survival intensifies as U.K. leader scrambles to save Brexit UK's May, boxed in on Brexit, gets locked in her limo EU Tells Theresa May That She Has Fully Played Herself On Brexit No deal Brexit could cost Great Britain 750,000 jobs Theresa May under intense pressure on Brexit deal U.K. Conservative Lawmakers Trigger No-Confidence Vote Over Theresa May’s Leadership How Theresa May could be ousted as Tory leader The pound is edging higher as vote on Theresa May's leadership upends possible Brexit outcomes How Theresa May No Confidence Vote Could Push U.K. Into a No-Deal Brexit What is the Irish backstop? Here's why it has taken center stage amid chaotic Brexit negotiations
(DBN)

Cross-border Restructuring and Insolvency post-BREXIT
(DBN)

UK to continue to grant contracts to embattled Interserve
(DBN)

Electra Private Equity Winds Down But Waiting To Sell Retail Assets
(DBN)

Famous Brand's UK burger chain shuts 14 struggling stores
(DBN)

Carpetright losses widen as store closures hit results
(DBN)

Joint Administrators move Premier FX into Creditors’ Voluntary Liquidation
(DBN)

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France:

The cost of France’s protests running into billions
(DBN)

At least 4 dead, 11 wounded in French Christmas market shooting
(DBN)

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China:

China auto sales keep falling and falling
(DBN)

Developing Personal Insolvency Crises in China and India
(DBN)

Debt-Ridden Gionee Unveils Restructuring Proposal
(DBN)

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Ecuador:

Ecuador is feeling pain of China loans
(DBN)

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Venezuela:

Gaunt, Filthy Kids Roam Streets of Caracas in Packs
(DBN)

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Germany:

Bankruptcies: fewer and fewer companies go bust
(DBN)

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India:

Indian central bank head quits after months of gov't pressure Another Indian central banker leaves with questions unanswered
(DBN)

Creditors say can't decide on resolution plan proposed by Essar Steel
(DBN)

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Brazil:

Brazil Overhauls Bankruptcy Law
(DBN)

Avianca Brasil files for bankruptcy, citing jet repossession threat Possible plane repossessions may cause canceled flights in Dec -Avianca Brasil Avianca Brasil plummets after bankruptcy filing Avianca Brazil files for Brazilian bankruptcy protection: sources Avianca bankruptcy report creates a ripple
(DBN)

Brazilian booksellers face wave of closures that leave sector in crisis
(DBN)

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Singapore:

Bill Introduced to Consolidate and Update Insolvency and Bankruptcy Laws
(DBN)

Noble Group to appoint provisional liquidator to enact debt deal
(DBN)Noble Group to appoint provisional liquidator to enact debt deal
(DBN)

Singapore firm secures landmark win against Chinese billionaire
(DBN)

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Australia:

New insolvency rules to protect legit creditors
(DBN)

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Ukraine:

The bankruptcy of natural persons
(DBN)

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MENA:

US Senate to consider resolution condemning Saudi crown prince Trump says standing by Saudi crown prince despite pleas from Senate
(DBN)

Americans Becoming More Critical of Israel
(DBN)

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Venezuela:

Venezuela's deals to shield Citgo from creditors now in doubt
(DBN)

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Sudan:

Vulture funds and governments seek profit from Sudan debt relief
(DBN)

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