December 14, 2018

The Daily Bankruptcy News

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Law:

Has Your Firm Announced Bonuses? Because These $1M+ PPP Firms Haven’t Slaughter and May hands out tasty Christmas bonuses
(DBN)

Clients Dish: The Best In Biglaw Client Service
(DBN)

NALP Loosens the Reins on Summer Associate Recruiting
(DBN)

ABA legal ed section didn’t give clear direction, says Arizona Summit in amended complaint
(DBN)

Paul Weiss ‘Addresses’ Partnership Diversity Kerfuffle
(DBN)

(White) Women Are Making Gains in Big Law
(DBN)

Under New Management: Law Firms Head Into 2019 With Fresh Crop of Leaders
(DBN)

All I Want For Christmas Is… A Reduced Bill
(DBN)

Avoca Residents' $619M Suit Against Montgomery McCracken May Move to NY
(DBN)

The Biglaw Firm Accused Of Union-Busting Techniques In Media Negotiations
(DBN)

Biglaw New York Mainstay Opens Up Its First West Coast Office
(DBN)

In-house lawyer sues Standard Chartered for wolf-whistling and racial harassment
(DBN)

Law Student Allegedly Makes Threat Of Gun Violence Against Professor, Gets Suspended, Sues School To Take Finals
(DBN)

New NALP ‘Rules’ For Law School Recruitment Seem To Promote Organized Chaos
(DBN)

Lawyers Dominate 2018's List of Most Notable Quotes
(DBN)

Millennial Lawyers: What You Need To Know To Succeed
(DBN)

Trump denies directing Michael Cohen to break the law, says it is Cohen's fault if anything illegal happened Trump says he 'never directed' his ex-lawyer Michael Cohen to 'break the law' Michael Cohen: Trump directed hush payments to help his campaign Federal prosecutors are blowing holes through all of Trump's defenses in the Michael Cohen case Trump with ‘Zero Evidence’ Suggests Cohen Cut Deal to Keep His Wife and ‘Rich’ Father-in-Law Out of Trouble Trump rants about prosecutors using Cohen to embarrass him in off-the-walls Fox News interview As protectors abandon Trump, investigation draws closer Get Ready for Mueller’s Phase Two: The Middle East Connection Trump Inauguration Spending Under Criminal Investigation by Federal Prosecutors Trump Is Running Out of Alibis Trump’s payment explanations shift as legal exposure grows Trump’s Tweetstorm About Cohen Proves Once Again How Little He Knows About the Law Trump ducks for legal cover after Cohen sentencing Trump was in the room during hush money discussions with tabloid publisher Former Bush White House Ethics Lawyer: Trump Should Negotiate a Plea Bargain Now Trump invokes ‘advice-of-counsel’ defense in campaign probe Trump’s ‘Advice of Counsel’ Tweets Trashing Michael Cohen May Have Just Waived Attorney-Client Privilege Michael Cohen emerges as a valuable asset as prosecutors open a criminal probe into Trump’s inauguration spending Michael Cohen: 'Of course' Trump knew hush-money payments were wrong The Mueller investigation may be wrapping up AMI Apparently Has a Safe Full of Trump’s Secrets, and It Sure Looks Like the Feds Have It Now
(DBN)

Trump confides to friends he's concerned about impeachment
(DBN)

Alleged Russian agent Maria Butina pleads guilty to conspiring to influence US politics through the NRA Russian student pleads guilty to plot to influence US politics; reason for advisory counsel revealed Maria Butina Plea Reminds Us How Easy It Is To Turn Thirsty Men Maria Butina's Defiant Plea These Are the Russians Picked for Butina’s Trip to Trump Breakfast
(DBN)

Lawyer Michael Avenatti could owe his estranged wife and child $1.5 million in spousal and child support: Court records
(DBN)

Trump administration seeking to deport Vietnam War refugees Democrats Challenge Trump Over Vietnam Deportations Cambodians use pardons to beat Trump admin's deportation orders
(DBN)

Hundreds of troops deployed to the US-Mexico border have started heading home, but many more are staying through the holidays 7 Year Old Illegal Dies in US Custody
(DBN)

CBS Paid Actress $9.2M for Harassment
(DBN)

Doctors Defending Convicted Child Abuser “Exceed the Limits of Credulity,” Judge Rules
(DBN)

How a Dubious Forensic Science Spread Like a Virus
(DBN)

Fake network voids choice-of-law deal, Roy Moore says in defamation suit against Sacha Baron Cohen
(DBN)

Judge issues restraining order against alleged sixth-grade bully accused in beating
(DBN)

Lawyer who cavorted in spandex as fake superhero pleads guilty
(DBN)

What can ‘Better Call Saul’ teach us about the importance of a lawyer’s reputation?
(DBN)

Bomb threat hoax targets US schools, businesses
(DBN)

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Judges:

Town justice resigns after he’s accused of making homophobic remarks
(DBN)

Coroner: Bankruptcy Judge's Death a Suicide
(DBN)

Lawyer Gets License Suspended for Bullying Judge
(DBN)

Judges Push Back at Trump's Anti-Judiciary Tweets
(DBN)

Western NY Judge Resigns Over Administrative, Tech Failures After 28 Years on Bench
(DBN)

Judges: Separation of Powers Protects Bill of Rights
(DBN)

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Wall Street:

Dow futures drop more than 200 points amid rising fears over global growth Dow futures drop over 200 points as weak China data rings alarm bells over global growth
(DBN)

Global markets are tumbling after shockingly weak data out of China shows wounds of Trump's trade war
(DBN)

U.S. Stocks Close Mixed After Late Rally
(DBN)

Jim Chanos says there's something wrong with the stock market when rates this low cause panic
(DBN)

With stocks tanking, pessimism among mom and pop investors hits highest level in five years
(DBN)

Record $46 billion pulled from US-based stock funds in a week, according to Lipper
(DBN)

U.S. Stock Market Exodus Is Second-Biggest on Record, BofA Says
(DBN)

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Layoffs:

Instacart: 240 Layoffs
(DBN)

Maines to lay off 106
(DBN)

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Retailing:

Sears racks up two billion-dollar loss Sears Goes Under and Sales Go Up
(DBN)

Kohl's says it surpassed its holiday hiring targets, even in a tight labor market
(DBN)

Toys ‘R’ Us demise has ‘created a monster’ as retailers scramble to fill the void
(DBN)

Toys R Us Wins Ch. 11 Clearance For $760M Sale Of Asia Biz
(DBN)

Nobody should work here: Teen uses intercom to quit Walmart
(DBN)

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Autos:

A decade on, burden of 'old GM,' bailout weighs on automaker
(DBN)

US auto sales are expected to drop below 17 million for first time since 2014
(DBN)

Tesla staff were reportedly told not to walk past Elon Musk's desk because of his wild firing rampages Life Inside Tesla's Production Hell
(DBN)

Renault: No Wrongdoing in Ghosn Pay
(DBN)

Ford Ends Production at Blanquefort in France
(DBN)

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Politics:

America Needs To 'Break Its Addiction' To The Presidency
(DBN)

Trump meets Chris Christie to discuss chief of staff job
(DBN)

Trump v. Pelosi showdown will define 2019 and 2020
(DBN)

Famous French novelist makes case that Trump is one of the best American presidents
(DBN)

Senate has ‘too many embarrassing uncles,’ McCaskill says in farewell remarks
(DBN)

George Conway Appears to Take Shots at Wife Kellyanne’s Nuts CNN Hit: Trump ‘Lies About Virtually Everything’
(DBN)

Sanders and Warren agree: They’re both leaning toward White House runs
(DBN)

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Holidays:

Foul-mouthed Santa horrifies parents
(DBN)

Toys for Tots short 10000 toys due to Toys "R" Us bankruptcy
(DBN)

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Economy:

Economic optimism sinks, yet consumers still plan to spend big for holidays: CNBC survey
(DBN)

Janet Yellen is worried about the next financial crisis
(DBN)

Now hiring: Ex-cons, drug users, and indebted grads
(DBN)

Weekly Initial Unemployment Claims decreased to 206,000 US weekly jobless claims drop to near 49-year low
(DBN)

Feds Collect Record Taxes Through November; Still Run $305.4B Deficit
(DBN)

Economic Insecurity
(DBN)

Moody's Warns of Declining US Fiscal Strength
(DBN)

US budget deficit hits record $204.9 billion for November
(DBN)

CFOs are sounding the alarm on the US economy — most expect a recession by the end of 2020
(DBN)

Measures Show Inflation Picked Up Sightly in November
(DBN)

The job market is so hot right now that workers are 'ghosting' employers without even saying goodbye
(DBN)

We asked 81,000 Americans about corporate America, and the results are good news for those who believe more unites the US than divides it
(DBN)

Trump’s Tax Cuts Made a Difference in 2018. Just Not the One Backers Were Hoping For
(DBN)

Greenspan: US Economy Not Accelerating
(DBN)

Trump aides warn against intervening in Huawei case Canada warns U.S. not to politicize extradition cases Yale's Stephen Roach questions why Huawei has been 'singled out' for sanctions violation China makes good on threats with 2 Canadian citizens detained in escalating Huawei fight Trade War w/ China Biggest Economic Threat China's Xi takes humiliating loss to US on trade, Huawei — but Trump could be getting played A new era of hostility in the U.S.-China fight China confirms 25% cut on US cars in a bid to hurry up and end the trade war
(DBN)

Take my NAFTA, please: As Pelosi riffs, questions abound on fate of trade deal
(DBN)

Shipping costs from China to the US have more than doubled as trade war sparks a 'bonanza'
(DBN)

LA area Port Traffic Decreases YoY in November
(DBN)

Hotels: Occupancy Rate Decreased Year-over-year
(DBN)

San Francisco is so expensive that waiters can no longer afford to live in the city, and it's changing the way restaurants are serving food and hiring workers
(DBN)

Why millions of Americans are still working past the age of 65
(DBN)

Trump: Mexico Pays for Wall in Trade Deal Schumer: If Mexico Is Going To Pay For The Wall, We Don't Have To; "Let's Fund The Government"
(DBN)

Most Americans believe women should be equal at work, but views about the home are complicated
(DBN)

Are Millennials Broke or Loaded?
(DBN)

California mulls "text tax" on mobile messages
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Las Vegas Housing Weakness Signals the Slowdown Is Spreading
(DBN)

Mr. Cooper hires restructuring expert as new CFO
(DBN)

Housing demand drops despite falling mortgage rates
(DBN)

Homebuilders are not getting a bump from lower mortgage rates
(DBN)

Richmond: Settlement reached in Oliver Lawrence bankruptcy case
(DBN)

CA: Former Kings minority owner files for second bankruptcy this year
(DBN)

Regulator settles fraud case with Houston developers
(DBN)

More Than 100 Anchorage Buildings Deemed Unsafe to Enter After Quake
(DBN)

Trouble in Housing? It's More 1994 Than 2007
(DBN)

The Long-Anticipated New York Area Housing Slump Has Officially Arrived
(DBN)

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Municipalities:

Senators Press for Expanded Probe of FEMA Over Hurricane Maria
(DBN)

Puerto Rico gov meets with Trump officials, members of Congress
(DBN)

The tale of two schools and their recovery from Hurricane Maria
(DBN)

Sac school district: Unions must help to avoid bankruptcy
(DBN)

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Oil/Gas:

Oil drop hits hedge funds and threatens shale producers
(DBN)

Houston-based drilling co. files for Chapter 11 bankruptcy protection, moves to OTC market
(DBN)

Parker Drilling Files Chapter 11; Petitions Court for $50MM DIP Financing from BofA, Deutsche Bank BofA, Deutsche Bank Provide $50MM DIP Facility to Parker Drilling
(DBN)

The U.S. joins Russia and Saudi Arabia at the top of the new oil order
(DBN)

No, The U.S. Is Not A Net Exporter Of Crude Oil
(DBN)

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Climate:

Trump's weather agency chief says he's never briefed the president on climate change
(DBN)

Tom Steyer and Carlos Curbelo tussle over climate change
(DBN)

Southwestern US states get Jan. 31 deadline for drought deal
(DBN)

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Healthcare:

The Government’s Perspective on Health Care Bankruptcies
(DBN)

Killeen staff without jobs after Little River bankruptcy
(DBN)

Fox Meteorologist Commits Suicide Over Lasik
(DBN)

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Aviation:

OneJet CEO ordered to fill in more details for bankruptcy court OneJet lists no assets, $43M in liabilities — and an incomplete tally of creditors
(DBN)

Struggling Fastjet meets conditions to raise cash Fastjet secures lifeline to continue operating for another week
(DBN)

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MLM:

LuLaRoe faces a probe by the Washington State Attorney General's Office, sources say
(DBN)

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Personal Finance:

These are the people most likely to gamble with their retirement savings
(DBN)

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Credit Reporting:

A case of mistaken identity leads to the latest libel lawsuit against Dun & Bradstreet
(DBN)

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Pensions:

Kentucky Supreme Court strikes down pension reform law
(DBN)

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Marketing:

J.P. Morgan Chase Agents $125MM DIP Financing for Catalina
(DBN)

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Accounting:

KPMG global revenues reach $28.6bn
(DBN)

BDO’s global revenues rise to $8.9bn
(DBN)

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Gambling:

Jim Chanos reveals bets against Las Vegas Sands, Wynn Resorts amid US-China trade war
(DBN)

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New Bankruptcy Opinions
(9 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (24 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 Reform:

Newly-Proposed Bankruptcy Legislation (“Small Business Reorganization Act”) Needs To Be Enacted ASAP
(DBN)

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Trustees:

Ch. 7 Trustees Sought In Fresno, Reno and Law Vegas
(DBN)

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IP:

Rights of the Rejectee: High Court to Address Circuit Split over Trademark Licenses in Bankruptcy Rejections
(DBN)

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Involuntary Bankruptcy:

Creditors with Partially Disputed Claims Have Standing to File an Involuntary Petition
(DBN)

Bankruptcy Bounties
(DBN)

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Bankruptcy Policy:

Maybe it's not a new problem after all
(DBN)

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Veil Piercing:

Reverse Veil Piercing May Be Used to Reach an LLC's Assets
(DBN)

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Politics:

Trump hopes Kasich runs against him. Kasich advisor responds: 'Careful what you wish for'
(DBN)

What Comes Next In That Contested Election In North Carolina
(DBN)

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Travel:

United flight attendants protest staffing cuts, picket outside airports
(DBN)

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Food/Beverage:

Mike Isabella’s restaurant group to shut down Mike Isabella's restaurant empire is headed for liquidation. He blames 'bad press'
(DBN)

Business Synonymous With ‘No Soup for You’ Wants to Make Soup for Everyone
(DBN)

Helltown Brewing finalizes acquisition of Rivertowne Brewing
(DBN)

Applebee's Neighborhood Grill & Bar Purchases 69 Restaurants In Franchise Transaction
(DBN)

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Non-Profits:

Boy Scouts exploring 'all options' including bankruptcy Boy Scouts Look for Paths to Stay Viable
(DBN)

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Electricity:

California Girds for Higher Power Prices From PG&E After Fires
(DBN)

South Carolina regulators face billion-dollar decisions
(DBN)

Judge approves Murray Energy contract settlement with FirstEnergy Solutions, FirstEnergy Generation
(DBN)

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Coal:

Westmoreland Coal exec resigns after receiving hefty bonuses in lead-up to bankruptcy
(DBN)

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UK:

EU refuses to help British PM over Brexit, says 'it is not open for renegotiation' Theresa May angrily confronts Jean-Claude Juncker after the EU rejected her Brexit proposals Theresa May's Brexit deal in peril after EU leaders reject demands for changes May's confidence vote win doesn't change Brexit arithmetic: DUP
(DBN)

74% of working professionals demand a second Brexit vote
(DBN)

Hard Brexit will near-bankrupt Britain, warns Branson
(DBN)

Former BHS owner due to be sentenced
(DBN)

Katie Price 'buys £6k of Christmas decorations' after dodging bankruptcy
(DBN)

Bailout cash will still be available under new insolvency regime
(DBN)

Shropshire Council could face bankruptcy, Labour group leader warns
(DBN)

House of Fraser revival 'challenging'
(DBN)

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EU:

ECB announces the end of crisis-era stimulus, switches to reinvestments
(DBN)

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PIIGS:

Retail Apocalypse Crushes BC Partners' Clothing Company in Italy
(DBN)

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Canada:

Lawyers hash out ServiCom Canada bankruptcy Sale of ServiCom call centre expected before the New Year, minister says
(DBN)

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Brazil:

Avianca Brasil in talks since before bankruptcy filing for cash boost Brazil judge says Avianca Brazil can keep disputed aircraft for 30 days
(DBN)

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MENA:

Saudi's AHAB seeks creditor support for settlement under bankruptcy law
(DBN)

Canary in the coal mine? Credit insurers pare back exposure in Turkey
(DBN)

Senate votes to stop US support for Yemen war, as GOP senators rebuke Trump over Khashoggi
(DBN)

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China:

China just reported 'ugly' industrial output and retail sales growth that missed expectations
(DBN)

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India:

Managing and mitigating risks in distress transactions
(DBN)

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Russia:

Palmali to fight court ruling on bankruptcy of Russian arm
(DBN)

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Germany:

Insolvent Air Berlin's administrator sues Etihad for up 2 bln euros
(DBN)

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