November 14, 2018

The Daily Bankruptcy News

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Law:

Biglaw Associates Billing Their Butts Off For Last Year’s Bonus Payday
(DBN)

Jones Day Lands a Record 11 Supreme Court Law Clerks as Associates Jones Day Hires Firm-Record 11 Former Supreme Court Clerks
(DBN)

At Kirkland, 'Concierge' Service Aims to Ease Personal Distractions for Lawyers
(DBN)

K&L Gates adds Dallas partner to restructuring and insolvency practice
(DBN)

Manhattan DA Urges Jail for Dewey Exec, Alleges 'Fraud on This Court'
(DBN)

Law Firm or Software Developer? Chapman and Cutler Is Now Both
(DBN)

Big Law Firms Compete for Business Once Reserved for Midsize Firms
(DBN)

Florida Law Firm Leaders Expect Bull Market Heading Into 2019
(DBN)

Warning: Breast-Feeding Is Dangerous (to Your Career)
(DBN)

Harvard Law Students Launch Kirkland Boycott Over 'Forced Arbitration Racket'
(DBN)

What Does It Take to Succeed With Clients? Here's a Theory | The American Lawyer
(DBN)

Tales From An Unsuspecting T14 1L: Gearing Up For Exams
(DBN)

How Much Should You Freak Out If You Don’t Have A Job Lined Up When You Graduate Law School?
(DBN)

23 of the best icebreakers to use at a party where you don't know anyone
(DBN)

New MacBook Air is what fans have been asking for, could reverse flat Mac sales
(DBN)

Hands on with Apple's new iPad Pro
(DBN)

Mueller reportedly plans to issue new indictments in the Russia investigation as soon as Tuesday Trump could answer written Russia probe questions this week Mueller targets Stone in final push
(DBN)

Yoo: Whitaker’s Appointment Is Unconstitutional Maryland Challenges Acting AG Whitaker's Appointment Defunct Patent Firm That Matthew Whitaker Advised Posted Video Featuring Trump DOJ's Whitaker Gets Mixed Reviews From Ex-Partners, Iowa Lawyers
(DBN)

Trump Rewriting the Asylum Law Mattis heads to US-Mexico border to visit troops awaiting migrant caravan Trump sent thousands of US troops to the border, but they're in the dark about what to do when the migrant caravans arrive
(DBN)

CNN filed a First Amendment lawsuit against the Trump administration for revoking Jim Acosta's press pass The Looming Legal Battle Over Jim Acosta's Press Pass CNN v. Trump: Is There a Constitutional Right to a Press Pass? Legal experts back CNN's case against Trump over press credentials Woodward on CNN: Remedy isn't a lawsuit, 'it's more serious reporting'
(DBN)

Yet Another Actress Is Suing Weinstein for Assault Weinstein, Four Seasons Hit With $60M Suit By Alleged Victim
(DBN)

This Is What Wrongful Conviction Does to a Family
(DBN)

'Money. Drugs. Murder': The first day of 'El Chapo' Guzman's US trial started with some big accusations Drug lord promises not to kill jurors
(DBN)

Robbery suspect used hot sauce in attack on 73-year-old store clerk
(DBN)

Anti-Jewish hate crimes increased by 37% in 2017, according to a new FBI report Hate crimes increased by 17% in 2017, FBI report finds
(DBN)

US Missed the Threat of White Nationalism
(DBN)

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Judges:

BK MA Announces Bankruptcy Video Series
(DBN)

Justice Ruth Bader Ginsburg not in court Tuesday as she 'continues to improve' from broken ribs
(DBN)

Trump nominates Neomi Rao to replace Kavanaugh on D.C. Circuit Court
(DBN)

Trump's 3rd Circuit Nominee Grilled Over Ties to Chris Christie, Bridgegate
(DBN)

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Wall Street:

Dow futures down over 100 points as Wall Street sets up for a bruising session Wall Street set for a slightly higher open amid oil volatility; inflation data in focus
(DBN)

Asian markets lag as oil stocks slip further
(DBN)

Stocks Close Mostly Lower Following Lackluster Session
(DBN)

Starbucks to cut 5% of its corporate workforce
(DBN)

Banker who worked closely with Trump on debt restructuring sees big problem coming for market
(DBN)

Stock market charts point to more trouble ahead: Small-cap stocks close to 'death cross'
(DBN)

Jim Cramer says stock market is in ‘a very serious correction’ — and there’s nowhere to hide
(DBN)

Billionaire Cohen Says Bear Market Coming Within Two Years
(DBN)

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Layoffs:

Blue Apron announces layoffs amid profit woes
(DBN)

Nationwide insurance cuts 1,100 jobs
(DBN)

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Politics:

Trump mocks France's World War II record as relations with Macron deteriorate into confrontation Trump slams Macron for low approval ratings, French surrender to the Nazis Trump's criticism of France: the good, the bad, and the ugly End of Le Bromance: How the Trump-Macron relationship turned sour Trump Keeps Trolling Macron and France
(DBN)

Trump, stung by midterms and nervous about Mueller, retreats from traditional presidential duties
(DBN)

A US federal judge ordered Georgia to review the provisional ballots cast in the its contentious governor race Trump demands active service members' votes not be counted in Florida midterms Palm Beach Forced into Another Recount
(DBN)

California Rep. Mimi Walters' campaign accuses Democrats of planning to 'steal' her seat as her opponent takes the lead in tough reelection bid
(DBN)

A week later, it's clear the midterms did produce a blue wave
(DBN)

Feds Drop Burlington College Probe Against Bernie's Wife
(DBN)

House Democrats are eager to take on corporate America
(DBN)

John Kelly reportedly clashed with Melania Trump, which could spell the end of his time in the White House
(DBN)

Melania Trump calls for the firing of deputy national security advisor Melania Wants Bolton's Top Aide Canned
(DBN)

The other brewing West Wing drama
(DBN)

Poll: Don't Move to Impeach Trump
(DBN)

Trump: NKorea Missile Sites No Big Deal Trump says reports of North Korea’s secret missile bases are ‘inaccurate, just more fake news’
(DBN)

U.S. faces worst national security crisis in decades, commission warns
(DBN)

Parkland Shooter Registers as Republican
(DBN)

Trump's likely pick for UN ambassador, former 'Fox & Friends' host Heather Nauert, would be the least experienced person to ever hold the job
(DBN)

Kelly may be on the way out as Trump weighs White House shakeup
(DBN)

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Student Debt:

Many students are rethinking college, some grads even regret their degree
(DBN)

How The Midterm Elections May Affect Your Student Loans
(DBN)

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Hedge Funds:

Hedge funds are now negative for the year following stock market sell-off
(DBN)

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Economy:

Companies struggling to fill jobs 'should try paying more,' Fed's Kashkari says
(DBN)

A new warning about the manufacturing labor shortage
(DBN)

'It would be crazy' for the Fed to ignore these key slowdown signals: Cramer
(DBN)

A Grim Forecast for 2020
(DBN)

Credit Markets Are Bracing for Something Bad
(DBN)

Small Business Optimism Index Dipped Slightly in October
(DBN)

Swelling corporate debt piles are now global fund managers' major concern
(DBN)

Greenspan Sees Next Recession Driven by `Dramatically' Rising Debt
(DBN)

Companies Pay Down Debt With Cash Freed Up By New Tax Law
(DBN)

How Taxes and Transfers Affect US Incomes
(DBN)

Dems Will Target GOP Tax Cuts in the New Year
(DBN)

Consumer sentiment tops expectations in November, stays on pace for best year since 2000
(DBN)

White House economic advisor Kudlow says US is speaking again with China on trade White House economic advisors clash: Kudlow says Navarro's China comments are 'way off base' US Demands Change of Posture in China Trade Trade war is 'negative, negative, negative' for business, investors and consumers, ITC says China always promises to stop cheating on trade, but never does Trump administration reportedly holds off on auto tariffs, for now This Year, Ironically, First U.S. Deficit Record In 12 Years
(DBN)

Recession fears will spike when the stock market finally bottoms: Wall Street veteran Jim Paulsen
(DBN)

Americans aren't saving enough for retirement
(DBN)

Existential Threat Looms for 31% of the S&P 500, T. Rowe Says
(DBN)

Greenspan Sees Signs of Stagflation, Threats to U.S Economy
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

The death toll from California's fires has risen to 50, with thousands of homes destroyed in Malibu and Northern California
(DBN)

The Home Depot shrugs off housing slump
(DBN)

Fantasy World: Does Filing BK Sever Joint Tenancy to Tenancy in Common?
(DBN)

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Municipalities:

Trump Wants to Cut Off Hurricane Maria Relief Funds for Puerto Rico: Report
(DBN)

Muni-Bond Defaults Show Risk Clustered In Midwest, Southeast
(DBN)

Amazon is headed to New York City — here are the neighborhoods that could start swelling with HQ2 workers New Yorkers are freaking out that Amazon's HQ2 could cripple the subway system, but the reality is more complicated
(DBN)

CA government finances get kind words from credit-rating agencies
(DBN)

New York Democrats pick a fight with Amazon over HQ2 in Queens Citi will move 1,100 workers earlier than planned to make way for Amazon in NYC
(DBN)

Illinois, New Jersey, Hawaii, and Connecticut are precariously stretched to fund their debt obligations
(DBN)

Detroit has new challenges ahead as city continues to recover from bankruptcy
(DBN)

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Oil/Gas:

Oil drops for a 13th straight day as analysts warn it could drop below $50 U.S. oil prices sink 7% to lowest settlement of the year as Brent enters bear market Oil's Collapse Deepens Oil struggles to find footing after 7 percent slide as outlook darkens Oil's Collapse Deepens as Supply and Demand Concerns Roil Market What Brent Crude Below $66-A-Barrel Mark Means For Oil Marketers US crude falls below $58, hitting lowest level since December 2017 Market volatility due to 'anxiety' ahead of our December meeting, OPEC secretary general says Russia says no emergency action warranted to halt oil price decline US crude plunges 7% to one-year low, settling at $55.69 and extending record losing streak Why oil prices went from four-year highs to bear market in just six weeks 5 reasons oil prices are in a history-setting tailspin Record U.S., Russia and Saudi oil production means supply well outstrips global demand: IEA The Oil-Price Collapse Is Being Driven by Cars How Will Oil's Freefall End?
(DBN)

San Antonio oil and gas company enters bankruptcy
(DBN)

US shale needs to add another 'Russia' to prevent global oil shortage, IEA warns
(DBN)

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Personal Finance:

Most Americans are wrong about how much they need for retirement
(DBN)

Tips from a guy who managed to live in Manhattan on a $40,000 salary and still max out his 401(k) contributions
(DBN)

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Coal:

Bankrupt Wyoming Company May Expand Mine Regulators OK coal mine expansion bond despite bankruptcy
(DBN)

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Auto Racing:

Bob Bondurant School Closes Down a Month After Filing Bankruptcy
(DBN)

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Toll Roads:

Former SH 130 executives accused of hiding road defects from lenders
(DBN)

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Hotels:

AR: Bankruptcy court rules foreclosure can proceed
(DBN)

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Autos:

Ford China sales fall by more than 40 percent, again Ford to Start Selling Consumers' Data
(DBN)

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Healthcare:

America’s Couch Potato Problem Costs $117 Billion a Year
(DBN)

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Maritime:

Layoffs in the cards at troubled shipyards
(DBN)

Layoffs at S. Korean shipyards still ongoing despite industry turnaround
(DBN)

Cerberus in talks to take on $2.8 bln of NordLB's ship loans -sources
(DBN)

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Distressed Investing:

Distressed M&A
(DBN)

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Metals:

How a Mountain of Debt Brought a Top Zinc Producer to the Brink
(DBN)

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Logistics:

How long can CEVA go on hemorrhaging more than $1m a day?
(DBN)

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Electricity:

Analyst says SCANA could survive rate cut, avoid bankruptcy
(DBN)

Back-to-Back Billion-Dollar Wildfires Threaten Utilities Fires put pressure on California utilities despite new law
(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 (16 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (7 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:

BK ED WA: Bankruptcy Case Filings Continue to Fall
(DBN)

Commercial and Consumer Bankruptcies on the Rise
(DBN)

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IP:

Supreme Court to Determine if Bankruptcy Code Allows Debtor to Terminate Trademark License Rights
(DBN)

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Gifting:

Horizontal Gifting Upheld in Chapter 11 Plan in the Third Circuit
(DBN)

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Third Party Release:

SDNY District Court Holds That Bankruptcy Courts Have Core Jurisdiction and Constitutional Adjudicatory Authority over Involuntary Third-Party Releases
(DBN)

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Mediation:

The “Nature of a Dispute”: It’s Impact on Success or Failure of Mediation
(DBN)

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Bankruptcy Policy:

Bankruptcy Bounties
(DBN)

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Miscellaneous:

Rochelle
(DBN)

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Retailing:

The last-ditch effort to revive Sears 'Foolhardy gamble with other people's money': Plan to save Sears blasted Sears Offers to Sell Bonds to Hedge Funds That Bet on Its Default Bloomingdale's to start selling high-end appliances ahead of the holidays as Sears struggles Sears's Latest Hope for Cash: Bidding War Among CDS Traders
(DBN)

Massive Toys R Us warehouse in Lee’s Summit sold to $6.5 billion retail co-op group
(DBN)

Toys 'R' Us bankruptcy plan ties payouts to manager lawsuits
(DBN)

Judge OKs Toys ‘R’ Us bankruptcy payment plan Toys R Us Wins Approval Of Ch. 11 Creditor Payment Plan
(DBN)

What Amazon’s HQ2 means for taxpayers in New York and Virginia NY taxpayers to pay $48,000 per Amazon HQ job Why is New York Paying Amazon $3 Billion? Was Amazon's headquarters search 'a giant ruse'? NYC, D.C. centers of power prevail Amazon's HQ2 decision met with 'outrage' by concerned residents
(DBN)

Macy’s Radical Plan to Save Itself: Shrink
(DBN)

Borrowers flee empty malls, and investors brace for fallout
(DBN)

The debt-burdened retailers
(DBN)

______________

Climate:

PG&E debt drawdown raises concerns of potential bankruptcy due to fire costs PG&E says equipment malfunctioned right before deadliest California wildfire started
(DBN)

The death toll from California's fires has risen to 44, with thousands of homes destroyed in Malibu and Northern California Search for bodies, answers Deadly California wildfire grows as city of Paradise smolders The Simple Reason That Humans Can’t Control Wildfires Hunt for Bodies Expands in Northern California as a Southern Blaze Is Largely Contained Sitting in the embers, Californians wonder: can Paradise be rebuilt? More than 90 first responders lost houses Historic Hollywood Sites Destroyed Shivering horse found waiting out fire in backyard pool
(DBN)

Houston Sees Earliest Snowfall Ever
(DBN)

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Sovereigns:

Borrowing triples among world's poorest countries
(DBN)

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UK:

UK, EU negotiators have agreed to a Brexit deal U.K. Reaches Draft Brexit Deal With EU — But It May Be A Tough Sell Theresa May braced for Cabinet resignations as she tells ministers to back her Brexit deal Brexit deal faces hurdle as U.K.’s May must sell to divided government Brexit outcome for banks is as uncertain as ever British pound soars vs. dollar on Brexit hopes, but infighting continues Latest Reactions to Theresa May's Draft Brexit Deal The Biggest Brexit Battle Begins Now DUP Warns May Over Her Brexit Deal Brexit Bulletin: The End of the Beginning Brexit compromise confirms Britain’s hard choices KPMG comments on the draft Brexit deal
(DBN)

How the UK Government's “No Deal Brexit” Planning Impacts Cross-Border Restructuring and Insolvency in the UK
(DBN)

HMRC's clampdown on non-compliance continues: tax abuse and insolvency
(DBN)

'I thought HMRC was a Preferential Creditor already' Law in Motion - The return of HMRC tax claims to preferential status in UK insolvencies
(DBN)

Scotland vs England: difference between insolvency processes
(DBN)

Is the UK's “Next Carillion” About to Fall?
(DBN)

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PIIGS:

Italy faces showdown with EU after refusing to revise budget IMF warns Italy's stimulus plan risks recession, would leave country vulnerable
(DBN)

Why Italy’s economy is stagnating 
(DBN)

Italy's money problems are only just beginning
(DBN)

______________

Canada:

Supreme Court of Canada Rules in Favor of Lenders in Callidus
(DBN)

These Major Retailers Have Filed For Bankruptcy In 2018 And Are Starting To Close Their Stores In Canada
(DBN)

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Germany:

German economy skids abruptly in third quarter German Economy Shrinks for First Time Since 2015 on Auto Hit
(DBN)

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China:

China’s latest financial data paints a bleak economic outlook amid trade war with US
(DBN)

China housing sales growth slows
(DBN)

______________

India:

IDBI Bank Reports Large Loss As Bad Loan Continue To Rise
(DBN)

Essar Steel bankruptcy resolution: 29 operational creditors blast ArcelorMittal deal
(DBN)

Jet Airways Reports A Loss Half The Time
(DBN)

Here's why RBI is convinced that India's shadow banks need to suffer
(DBN)

The CCI And The IBC In The Context Of The Indian Steel Sector
(DBN)

______________

Singapore:

Singapore Air Falls After 81% Profit Plunge on Fuel Cost Surge
(DBN)

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MENA:

Graham Calls Saudi Prince 'Unstable' and Sees Sanctions Ahead
(DBN)

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Brazil:

Brazil's Oi reports Q3 loss as revenues falls across the board
(DBN)

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