December 27, 2018

The Daily Bankruptcy News

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Law:

Biglaw Firm’s Individualized Bonuses Do Right By Associates — Assuming You’ve Been Busy Billing
(DBN)

Underpaying Associates Can Be Costly For Law Firms
(DBN)

Stroock Names Bankruptcy Partner and Special Counsel
(DBN)

Law School Student Mocks The Disabled Because Why Not?
(DBN)

This Pioneering Black Woman Lawyer Can Really Tell You What ‘Justice’ Means
(DBN)

Biglaw Partner Makes Life-Saving Donation This Holiday Season: A Kidney
(DBN)

University of Kansas School of Law Brings AI to the Classroom
(DBN)

Acting Attorney General Matthew Whitaker Incorrectly Claims Academic All-American Honors Matthew Whitaker falsely claimed to be an Academic All-American football player
(DBN)

Trump’s Attacks on Mueller Bear Striking Similarity to First Special Prosecution in U.S. History
(DBN)

Probe of Trump's charity could crash 'like a Mack Truck' into his real estate empire
(DBN)

U.S. Customs orders medical checks after second immigrant child dies Timeline shows final days of Felipe Alonzo Gomez, the migrant boy who died in U.S. custody The 8-year-old migrant boy who died on Christmas Eve was held in US custody for nearly a week — against Border Patrol's own rules Trump to appeal asylum ban ruling Trump administration says it will keep a tent city holding more than 2,000 migrant teenagers open through early 2019 Democrats to Hold Hearings on Child Deaths at Border U.S. border officials' ability to care for children questioned
(DBN)

Sad Truth of Kevin Spacey's Disturbing Video Case against Kevin Spacey includes video evidence
(DBN)

How the Parkland shooting changed America’s gun debate More than 4.1 million students were in a school lockdown last year Second Amendment News By The Numbers: Bump Stock Ban Makes Trump More Of A Gun Control President Than Obama Ever Was
(DBN)

Couple that lost home in California wildfire gets pardoned
(DBN)

A hotel in Portland called the police on a black guest who was taking a phone call in the lobby
(DBN)

Black Man Records White Neighbor Telling Him He Doesn't Belong in His Own Apartment Building
(DBN)

Black Marriott exec was compared to 'Buckwheat,' told to dance for colleagues, lawsuit alleges
(DBN)

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Judges:

BK SD FL Seeks Bankruptcy Judge
(DBN)

BK SD MS Seeks Temporary Law Clerk (Judge Olack)
(DBN)

Ruth Bader Ginsburg and the case for 18-year Supreme Court terms Ruth Bader Ginsburg’s iconification culminates in this biopic Why We Should Worry About the Cult of RBG Ginsburg Released from Hospital, Recuperating at Home: Court
(DBN)

A Hypothetical President, Grammar Lessons & 'Beautiful' Hovercrafts: SCOTUS Laugh Lines
(DBN)

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Wall Street:

Futures point to slight decline for US stocks after the Dow's record-breaking Wednesday US Futures Drop After S&P 500's Best Comeback Since 2009 Historic gains for Wall Street may not hold as Dow futures drop over 300 points
(DBN)

European markets slide, and US stock futures are down
(DBN)

Dow jumps 1,086 points to record its biggest point gain on record as stocks storm back from worst-ever Christmas Eve Apple stock has best day in nearly five years, boosting Dow
(DBN)

Finally, signs of a Santa Claus rally come to Wall Street
(DBN)

The rise of the American bear
(DBN)

Trump says it's a 'tremendous opportunity to buy' stocks as they teeter on bear-market territory
(DBN)

Computerized trading is being tested by economic slowdown
(DBN)

'Something is wrong': 2 major US markets are out of whack
(DBN)

Trump Tweets Hurting Market, Say Economic Officials
(DBN)

Despite Rebound, Markets Remain Spooked by Trumpnomics
(DBN)

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Layoffs:

The world's largest maker of cryptocurrency mining chips will likely lay off more than 50% of its staff
(DBN)

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Healthcare:

'Wallet biopsy': Organ transplant often depends on patient's finances
(DBN)

A typical American birth costs as much as delivering a royal baby
(DBN)

Hospital prices are about to go public
(DBN)

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Politics:

Daughters of foot doctor say he diagnosed Trump with bone spurs as 'favor' to Fred Trump Donald Trump avoided the military draft 5 times, but it wasn't uncommon for young men from influential families to do so during the Vietnam War
(DBN)

Trump Approval More Stable Than Approval for Prior Presidents
(DBN)

Saudi Arabia clarifies Trump tweet: No new Saudi pledges to rebuild Syria Trump says 'the generals' asked for more time in Syria, but he said 'Nope' because 'We've knocked them silly'
(DBN)

More evidence piles up in North Carolina GOP election fraud scandal
(DBN)

Trump makes surprise visit to U.S. troops in Iraq, his first to a combat zone Trump finally hews to ritual of meeting troops in harm's way Trump just visited a war zone for the first time, as new questions emerge about the bone-spur diagnosis that helped him avoid Vietnam Trump’s Iraq Visit Alone Won’t Undo Damage He Did Last Week Donald Trump's Video Reveals Navy SEAL Deployment Trump Brags About Fictional Military Pay Increase
(DBN)

Push to rename Senate office building for McCain fizzles
(DBN)

Trump finally found a conspiracy theory he doesn’t believe
(DBN)

'It's Run By Jews': Aide's Anti-Semitic Remark Leaves Dem Doing Damage Control
(DBN)

Gallup's Top World Findings for 2018
(DBN)

Tech billionaire says he didn't know about Dem's Alabama disinformation campaign, apologizes
(DBN)

Congress in 2019: Why members should prepare for a likely recession
(DBN)

Why Donald Trump's Companies Went Bankrupt
(DBN)

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Coal:

Westmoreland Stands Apart In Bankruptcy Proceedings
(DBN)

Bankrupt Westmoreland to unload reclamation liabilities with sales
(DBN)

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Footwear:

The Rockport Group Recognizes the Bankruptcy Court Approval of the Liquidation Plan of the Relay Shoe Company
(DBN)

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Aviation:

Ravn Air Group Announces the Acquisition of the Assets of Peninsula Airways
(DBN)

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Economy:

Guggenheim investment chief predicts there’s a 50% chance the Fed cuts rates next year
(DBN)

Fed's Powell Is '100 Percent' Safe as Chair, Says Trump Adviser Hassett Trump advisor says Fed Chair Jerome Powell's and Treasury Secretary Steven Mnuchin's jobs are safe
(DBN)

Trump started a fight with the Fed he had zero chance of winning — now he’s backing down
(DBN)

This is how many million U.S. workers will get a pay raise in the New Year
(DBN)

On interest rates, maybe Trump is right and the Fed is wrong
(DBN)

Former Wells Fargo CEO argues markets would be down more if Fed didn’t hike this month
(DBN)

Richmond Fed: "Fifth District Manufacturing Activity Weakened in December" Richmond Fed Factory Gauge Falls Most Ever as Shipments Drop
(DBN)

Visualizing The Extreme Concentration Of Global Wealth
(DBN)

New York Fed Staff Nowcast stands at 2.5% for 2018:Q4 and 2.1% for 2019:Q1 - 12/21/2018 Fed GDPNow latest forecast: 2.7 percent — December 21, 2018
(DBN)

Krugman: The Case for a Mixed Economy - Maybe not everything should be privatized
(DBN)

America's interest payments are about to skyrocket
(DBN)

Effects of government shutdown to ramp up post-holiday Shutdown won’t stop key jobs report or CPI, but other data could be impacted This could be a really long government shutdown 'Whatever it takes': Trump talks shutdown and doubles down on desire for border wall on trip to Iraq Slats, fences, and wall, explained: what exactly the shutdown fight is about Government shutdown day 5: Politics doesn’t take a holiday as stalemate continues over border wall funding Pelosi and Schumer slam Trump for 'plunging the country into chaos' with government shutdown The longest government shutdown lasted 3 weeks — here's what happened then, and how it compares to today Federal workforce starts to feel pinch of prolonged shutdown Trump sets completion date for border wall Trump says no end to shutdown until border barrier funded, plans January visit to new section of wall 'We don't know when his next check will come': Federal employees are sharing how the government shutdown over Christmas is affecting their families The government shutdown forced a couple to move their wedding from a national park with just 7 days of warning The US government may be shut down, but taxpayers are footing the bill for Mar-a-Lago party tents The Shutdown and the Economic Precipice How Long Will the Shutdown Mess Last? Nine agencies plan for indefinite closure amid shutdown The shutdown, the wall, and the economy Chances look slim for ending government shutdown soon Day Six of the Shutdown and There’s Still No Signs of a Deal Some government contractors could go unpaid even after the shutdown ends
(DBN)

DOJ, With 'Regret,' Says Shutdown Complicates Court Orders and Deadlines
(DBN)

U.S. Commerce Department won't publish economic data during shutdown
(DBN)

Summers raises chance of recession next year to 60% A Predictor Of Recession Is Flashing Red Recession could hit 'within a year'
(DBN)

Global economy poised to feel pain of trade war Caterpillar Stock Will Struggle Amid Challenges on Two Fronts To Lift the Market, End the Trade War US tariffs will hit China harder next year, analysts say China plans US face-to-face trade meeting in January Hog industry worldwide getting slaughtered in trade war Trump's trade war comes with an unexpected bonus: More trade
(DBN)

Whatever Happened to That 10% Middle-Class Tax Cut?
(DBN)

Think You’re Middle Class?
(DBN)

Merry Christmas: Federal Debt Up $1.37 Trillion Since Last Dec. 25; $10,743 Per Household
(DBN)

18 Striking Findings From 2018
(DBN)

American parents might be agonizing over their kids' piano lessons, soccer games, and SAT scores, but it's hiding a deeper anxiety
(DBN)

Who Moves To California? The Wealthier And Better Educated
(DBN)

US population growth hits 80-year low, capping off a year of demographic stagnation Global Falling Fertility Rate a Good Thing The aging, childless future
(DBN)

The 8 Major Forces Shaping The Future Of The Global Economy
(DBN)

Scary Bonds From Last Crisis Were the Best Place to Hide in 2018
(DBN)

Indicators Of The Year: Immigration Indicators Of The Year: Housing
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Case-Shiller: Home price growth continues to lag Case-Shiller: National House Price Index increased 5.5% year-over-year in October
(DBN)

Zillow Case-Shiller Forecast: Similar House Price Gains in November
(DBN)

This is where Millennials are buying the most homes
(DBN)

Indicators Of The Year: Housing
(DBN)

Home Prices Fell 4% In Four Months Here
(DBN)

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Municipalities:

States See Record Tax Revenues
(DBN)

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Oil/Gas:

Oil surges 10% after the settle, rebounding with stocks from Christmas Eve sell-off Oil Gains Most in Two Years on Stock Rally, Russian Reassurance
(DBN)

Wall Street sees a recovery for oil prices in 2019 — and plenty of risk to that forecast
(DBN)

Exxon in 'bull's-eye' as its worst year since 1981 limps to a close
(DBN)

Sanchez Energy gets delisting warning from New York Stock Exchange
(DBN)

US Shale's Blows Leave Middle East Oil Producers Staggering
(DBN)

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Retailing:

Trademark Lawyers ‘R’ Salivating
(DBN)

Sears to Incur $443MM in Second-Half Charges Due to Store Closures
(DBN)

Retail is giving Wall Street fits
(DBN)

Retailers Scoop Up Former Toys R Us Locations
(DBN)

JCPenney dips below $1 for the first time
(DBN)

Neiman Marcus lenders reportedly mull joint lawsuit
(DBN)

Retail is on pace for worst December ever, but new year rally could be ahead Retail is having its best holiday season in 6 years
(DBN)

Retailers You Won't Be Seeing In 2019
(DBN)

Amazon won Christmas again this year
(DBN)

Walmart Santa charged after kids are found buried in his backyard
(DBN)

Surprise! Sears Reports Its First Comp Sales Increase in Over 8 Years
(DBN)

More than 40% of holiday shoppers heading to dollar stores
(DBN)

The Dollar Store Backlash Has Begun
(DBN)

Amazon racks up "tens of millions" of new Prime subscribers over holiday
(DBN)

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Pharma:

Trump may have shamed Pfizer for increasing drug prices, but that isn't stopping drugmakers from planning more of the same
(DBN)

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Personal Finance:

Paying kids for doing chores could teach them to be entitled rather than helpful, says a professor who studies wealth inequality The Way American Parents Think About Chores Is Bizarre
(DBN)

3 top economists explain how to use the tight labor market to get what you want at work
(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 (10 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:

Peoples Electric and Len Druskin led the 10 largest bankruptcies in Minnesota in 2018
(DBN)

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Intercreditor:

Secured Lenders’ Interest Does Not Reach Reorganized Equity
(DBN)

Intercreditor Agreements After Momentive : When a Hindrance Is Not a “Hindrance”
(DBN)

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Valuation:

Valuing a Secured Claim: Who Knew That Retail Price Could Be So Elusive
(DBN)

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Fraud:

Inside the life of Mike Lynch, who sold his search startup to HP for $11 billion and was charged with fraud
(DBN)

Crypto Craze Drew Them In; Fraud, in Many Cases, Emptied Their Pockets
(DBN)

New York man gets 56 months in jail for running $62 million real estate Ponzi scheme
(DBN)

A Decade After Madoff's Fall, Boies Schiller's Matthew Schwartz Recalls the 'Amazing,' 'Horrible' Story For Madoff Victims, Scars Remain 10 Years Later
(DBN)

Allegedly Fraudulent Hedge Fund Counters Fraud Allegations With Award Won Through Alleged Fraud
(DBN)

Goldman Sachs Falls for Fifth Day as 1MDB Risk Remains in Focus
(DBN)

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Psychology of Failure:

Retired 4-star general Stanley McChrystal says handing his resignation letter to President Obama taught him a profound lesson about failure
(DBN)

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Food/Beverage:

Competitor wins bid for bankrupt distillery
(DBN)

'I Thought It Was Normal': Nearly 25% Of NYC Diner Workers Say Their Bosses Rip Them Off On Wages
(DBN)

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Accounting:

KPMG to fine staff for late timesheets
(DBN)

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Non-Profits:

WV High Technology Foundation in Fairmont, WV, reflects on beating bankruptcy, starting projects in 2018
(DBN)

Junior League Strains to Keep Members, Thrift Stores
(DBN)

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Celebs:

Christmas Nightmare! No Bankruptcy Relief For Dina Lohan As Judge Dismisses Case
(DBN)

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Auto Racing:

Officials say future of Bondurant school is bright despite bankruptcy
(DBN)

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Climate:

2018 Tornado Activity In The U.S. At Historic Lows
(DBN)

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Autos:

US auto sales to face recession; major dip expected in next 18 months
(DBN)

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Fishing:

Trustee tidies up China Fishery in order to prepare for sale
(DBN)

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Tires:

Wells Fargo Provides $1B in Financing to Support ATD Chapter 11 Exit
(DBN)

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Religion:

Pope's initial blind spot on abuse threatens legacy
(DBN)

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Marijuana:

These States Are Most Likely To Legalize Marijuana In 2019
(DBN)

Legal marijuana industry had banner year in 2018
(DBN)

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UK:

Inside the People's Vote campaign's final push to stop Brexit British business leaders' confidence sinks as Brexit looms, survey shows EU official says there's a chance British parliament will vote for Brexit deal
(DBN)

Brits live in the red for this long
(DBN)

A £675m fund to help struggling high streets
(DBN)

PwC Providence administrators sue PwC for £14m
(DBN)

Eight UK Credit Unions Went Out Of Business In 2018
(DBN)

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PIIGS:

Greece: Banks aim to auction another 100,000 properties by 2021
(DBN)

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India:

Section 74 of insolvency code needed, but can deter bidders: Experts
(DBN)

Defaults in India, China seen rising on tight liquidity, trade wars
(DBN)

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Venezuela:

Venezuela Bondholders Are Gearing Up for Battle After Futile Year
(DBN)

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Germany:

Germany Crisis Warning: Wave of bankruptcy to hit EU financial giant next year
(DBN)

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China:

China’s industrial profits drop for first time in three years due to trade war impact
(DBN)

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