November 15, 2018

The Daily Bankruptcy News

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Law:

$400K for SCOTUS Clerks: A Bonus Too Far?
(DBN)

Another Biglaw Firm Gets On Board With Gender Neutral — And Longer — Parental Leave • White & Case Revamped Parental Leave Policy For 2018
(DBN)

Legal Departments Sending Less Cash to Big Law, Survey Says
(DBN)

GC Says All Firms Should Report Partner Pay Data
(DBN)

Legal Industry Experiences 3 Quarters of Strong Demand and Revenue Growth
(DBN)

In Male-Dominated Law Firms, Women Still Reign Over Marketing
(DBN)

Build or Buy? Orrick To Do Both as Firm Plans To Invest in Legal Tech Startups
(DBN)

Reid Collins & Tsai Expands Into California With Former Munger Tolles Attorney Marc Dworsky
(DBN)

Former Dewey CFO should be sent to jail after missing first payment on $1M fine, prosecutors say
(DBN)

Michelle Obama got this advice after confiding to her mother that she hated being a lawyer
(DBN)

The Latest In Biglaw Perks? Concierge Service. Oh Good, Now You Have More Time To Bill.
(DBN)

Book Of Business: Meet A Milbank Tweed Partner
(DBN)

Dean Chemerinsky recommends removing Boalt name from use at Berkeley Law • UC Berkeley Weighs Removing Law Building Name Linked to Racism
(DBN)

Emory Law Professor in Hot Water for Allegedly Using Racial Slur, Again
(DBN)

Group asks fellow Harvard Law students to boycott Kirkland & Ellis
(DBN)

Law School Professor Faces Unique Penalty For Inappropriate Behavior
(DBN)

Becoming An Attorney Affects How People Treat You
(DBN)

A Breakdown Of New York Bar Exam Results By Law School (July 2018)
(DBN)

Yet Another New Law School Ranking Places NYU In Top Spot
(DBN)

Borrowing Money To Pay For Law School? You Aren’t Alone — Far From It, Actually
(DBN)

Lawyer Suicides Are Becoming All Too Frequent
(DBN)

BigLaw and Mental Health—What Can Be Done?
(DBN)

5 Law Firms Named The Savviest At Social Media Marketing - Law360
(DBN)

MA: North Shore bankruptcy lawyer disbarred
(DBN)

How Trump’s move to put a loyalist over Mueller is already backfiring • DOJ says Whitaker's appointment as acting attorney general is constitutional • Office Of Legal Counsel Tells President What He Wants To Hear • If Mueller were fired, could he — would he — go public? • What we know about Rudy Giuliani's relationship with a shady Russian-Ukrainian oligarch • Flake vows not to back Trump's judicial nominees until Senate votes on Mueller protection bill • Maryland challenges appointment of acting AG Whitaker as illegal and unconstitutional • Stop Indulging These Idiots Calling Mueller Indictments ‘Perjury Traps’ • GOP Senate Leader Puts Brakes On Mueller Protection Bill • The case against Mueller target Roger Stone • Mueller Probes Possible Witness Intimidation by Roger Stone • Mueller isn't done with former Trump campaign aide Gates

(DBN)

Conservative Lawyers Say Trump Has Undermined the Rule of Law • New Conservative Lawyers' Group 'Checks and Balances' Bristles at Trump • Wachtell’s Conway Leading Conservative Group Critical of Trump
(DBN)

Trump 'Apprentice' Tapes Sought In Protected Status Suit
(DBN)

Stormy Daniels' attorney Michael Avenatti arrested for alleged felony domestic violence • Avenatti Denies ‘Fabricated’ Allegations of Domestic Violence: I’ve Never Been ‘Physically Abusive in My Life’
(DBN)

California bar clears lawyer Michael Avenatti of fraud allegations tied to his Tully’s business dealings
(DBN)

'El Chapo' Guzman is on trial in New York for leading 'the largest drug trafficking organization in the world,' and his attorneys are saying he's a 'scapegoat' who 'controlled nothing' • El Chapo trial begins amid heavy security; one juror is dismissed because of anxiety
(DBN)

Fox News announces it's supporting CNN's lawsuit against the Trump administration for revoking Jim Acosta's press pass • Trump argues in court filing that he can limit journalists' access to White House • CNN Goes With Powerhouse Legal Duo in Suit Against Trump • Trump lawyers, CNN square off in federal court in Jim Acosta case
(DBN)

Trump announces his support for criminal justice reform legislation, saying it's 'the right thing to do' • Inside Trump's embrace of sentencing reform
(DBN)

Trump Administration Continues To Ignore History, Science, And Its Own Conclusion That Refugees Actually Improve America’s Finances
(DBN)

Law firm wins $12.M judgment against telemarketer that spoofed its phone number in consumer calls
(DBN)

Judge orders Amazon to provide Echo recordings in double homicide case
(DBN)

The Distinguished Dozen: ATL Book Club’s Top Legal Picks For 2018
(DBN)

Hogan Lovells Suspends Partner For Watching P--- At Work
(DBN)

Amazon HQ Looks Like Windfall for Washington Area Law Firms
(DBN)

A Historic Wave of Support for American Jews
(DBN)

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Judges:

BK ND TX: Appointment of United States Bankruptcy Judge Edward Lee Morris
(DBN)

‘Tough as nails’ Ginsburg was reportedly back in her office, planning to resume workouts
(DBN)

Kavanaugh keeps a low profile since his confirmation, breaks with conservatives in a few votes
(DBN)

Cert Petition In Case Against Second Circuit Judges, ‘Pharisees Even Swallowed Up Camels,’ Is Even More Confusing Than It Sounds
(DBN)

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Wall Street:

US futures point to a mixed open as sterling tanks after Brexit resignation • US futures point to a slightly higher open as sterling tanks after Brexit resignations
(DBN)

Stocks close lower as Apple slumps into a bear market • S&P 500 falls for a fifth straight day as Apple and bank shares struggle
(DBN)

Billionaire investor Steve Cohen sees a bear market heading our way
(DBN)

Wall Street’s herd is now much too bullish about the S&P 500
(DBN)

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Layoffs:

Zacky Farms sued by former employee, accused of not providing advance layoffs notice
(DBN)

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Climate:

California's wildfires are as big as 16 Manhattans • Before and after photos show how wildfire reduced Paradise, California, to ashes • California Camp Fire death toll rises to 56
• Toll of Death & Destruction Rises as Wildfires Rage Across California
(DBN)

Kim Kardashian's Private Firefighters Expose America’s Fault Lines
(DBN)

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Travel:

How to get 2 free months of a CLEAR membership and bypass long airport security lines
(DBN)

282 Air France passengers stranded in freezing Siberia for 3 days after emergency stop en route to Shanghai
(DBN)

The Best of the Biggest U.S. Airports
(DBN)

When Airlines Auction Premium Seats, Some Passengers Win
(DBN)

U.S. Pilots Unions Demand an End to Sudden Flight Schedule Changes
(DBN)

American Airlines says it was 'unaware' of some Boeing 737 MAX functions until last week
(DBN)

An American Airlines flight attendant is suing the airline for $1 million, accusing another crew member of assaulting her with a scarf and dragging her down the aisle
(DBN)

United Denies Enabling Pilot Who Continually Posted N--- Photos of Flight Attendant
(DBN)

TSA Sees Uptick In Travelers Packing Turkeys Into Bags
(DBN)

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Tech:

Apple slides into a bear market — now down 20% from its all-time high
(DBN)

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Cryptocurrency:

Bitcoin tumbles to its lowest level in over a year
(DBN)

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Personal Finance:

The budget breakdown of a 34-year-old who makes $150,000 and is great with money
(DBN)

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Video Games:

Telltale Games Is Closing, Bankruptcy Proceedings Beginning • Telltale Begins Liquidation, Pulling Games From Steam
(DBN)

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Farming:

Zacky Farms files for bankruptcy, owes creditors more than $50M
(DBN)

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Gambling:

Imperial Pacific Denounces ‘Fake News’ Bankruptcy Rumors
(DBN)

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Fraud:

Goldman has half a defense in 1MDB mess
(DBN)

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Economy:

Powell credits Fed policy for the US economy being 'in a good place' • Powell says he’s optimistic about economy as he notes concerns from abroad • Powell shrugs off Trump's attacks on Fed: 'We're doing fine' • Powell Says Fed Deserves Credit for Economic Growth • Powell Stands Tall on U.S. Economy, Fed Policy but Acknowledges Struggling Global Economy • Fed chair on political criticism: "We're just trying to do our jobs"
(DBN)

Goldman Sachs: Fed still has 5 rate hikes to go
(DBN)

The looming threat to Trump's booming economy
(DBN)

Small Business Optimism Index Remain at Historic Levels in October
(DBN)

Deficit Hit $100 Billion in October • Feds Collect Record Taxes in October; Still Run $100B Deficit
(DBN)

US consumer prices post the largest increase in 9 months • Consumer prices offer mixed signals about inflation's creep • Key Measures Show Inflation Softened Slightly on YoY Basis in October • BLS: CPI increased 0.3% in October, Core CPI increased 0.2%
(DBN)

The world's biggest shipping company has proof that Trump's China tariffs are battering global trade • Europe's trade chief said the EU is ready to fire back if Trump goes through with tariffs on cars • Cisco CEO 'optimistic that we'll get some resolution' on US-China trade dispute • White House curtails Trump trade advisor Navarro's public role as Kudlow rips him for China comments • China sends a written response to US trade reform demands • The ‘Madman’ Behind Trump’s Trade Theory
(DBN)

LA area Port Traffic in October; Record Imports
(DBN)

Here are Warren Buffett's 10 biggest holdings now, half of which are banks
(DBN)

Global Economy Shows Strain as U.S. Steams Ahead • Global Slowdown: 3 Out of 4 Major Economies are Suffering
(DBN)

US bond yields tick lower amid sterling plunge
(DBN)

America has spent $5.9 trillion on wars in the Middle East and Asia since 2001, a new study says
(DBN)

Why Your Business Will Fail
(DBN)

They wish there were more jobs, but rural Texans are happy where they are, poll finds
(DBN)

States Where Most Earn Under $15,000
(DBN)

When the Next Recession Hits: A User’s Guide for Future QE
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Powell: A lot of factors weighing on home building: Labor, lots, rates
(DBN)

TX: Bankruptcy judge OKs Alamo Towers sale
(DBN)

ABA backs legislation that would bar housing bias against people based on income source
(DBN)

Houston Real Estate in October: Sales Up 6% YoY, Inventory Up 7%
(DBN)

Mortgage Applications Decreased in Latest Weekly Survey
(DBN)

AIA: "Architecture firm billings continue to slow, but remain positive in October"
(DBN)

10 surprising cities where a $60G income can buy you a nice home
(DBN)

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Municipalities:

Trump wants to stop spending to help Puerto Rico, congressional aide says
(DBN)

Puerto Rico credit unions seek estimate of their Cofina claims
(DBN)

Big Cities’ Success Reflects Deepening Urban-Rural Divide
(DBN)

Outgoing Town Council president says East Greenwich is bankrupt
(DBN)

Tulsa is paying people more than $10,000 just to move there
(DBN)

The Unsustainable Situation With State And Local Pension Liabilities • Every State's Pension Crisis Ranked
(DBN)

Shunned by Amazon, the heartland fights to stay relevant • Cities Should Never, Ever Agree to an HQ2 Contest Again
(DBN)

US state spending exceeds $2 trillion in fiscal 2018
(DBN)

Former Flint mayor does 'soul searching' during second day on stand
(DBN)

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Oil/Gas:

Battle shaping up over AAOG bankruptcy
(DBN)

Energy company with Woodlands office files for bankruptcy in Houston
(DBN)

Oil snaps record losing streak as stronger OPEC cuts seen likely
(DBN)

Bakken Oil Prices Crumbling
(DBN)

Why US Oil Hasn't Been a Game Changer
(DBN)

Junk Bond Pain Is Focused on Energy Sector After Oil’s Tumble
(DBN)

Oil forecasting goes from tough to pointless
(DBN)

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Retailing:

In Spite of Strong Consumer Sentiment, Retail Defaults in 2018 Have Outpaced the Worst Years of the Financial Crisis
(DBN)

Sears pops after report says its closing in on a deal that could keep it open through the holidays • Sears finalizing $350 million bankruptcy loan with Great American • A fight is brewing over Sears' survival in bankruptcy • Creditors demanding Sears liquidation? • Eddie Lampert’s hedge fund lambasts Sears creditors for ‘highly aggressive’ plan to kill off the company once and for all
(DBN)

Will JCPenney be able to avoid Sears' fate?
(DBN)

Macy's is making a move that signals the death of department stores as we know them • As Macy's shrinks its stores, here's what it will do with the extra space • How Macy's Is Proving It's Still Relevant To American Malls • Macy's charges into the holiday shopping season like a boss
(DBN)

New York City's top tabloids have officially weighed in on Amazon's controversial HQ2 decision
(DBN)

The head of Victoria's Secret's lingerie business is reportedly leaving the company as it continues its downward spiral
(DBN)

David’s Bridal to Seek Bankruptcy Protection in Coming Days • David’s Bridal is near a deal for Chapter 11 restructuring
(DBN)

Dark Store Theory: After the Retail Apocalypse, Prepare for the Property Tax Meltdown
(DBN)

Ford-Walmart to Test Self Driving Deliveries
(DBN)

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Taxis:

Uber lost nearly $1 billion last quarter as the ride-hailing giant's growth slows • Uber revenue grew 38% as losses widened in third quarter
(DBN)

Another NYC cab driver deep in debt kills self
(DBN)

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Student Debt:

This 71-year-old man still owes $60,000 in student loans
(DBN)

DeVos Sued to End Defrauded Student Loans
(DBN)

Study Cites the Benefits of Taking Student Loans
(DBN)

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Healthcare:

Bankrupt Mississippi hospital receives takeover bid
(DBN)

Polsinelli report: Growing economic stress in health care industry
(DBN)

Boca Raton-based Promise Healthcare Group files for Chapter 11 bankruptcy
(DBN)

Officials investigating 252 possible cases of polio-like illness AFM
(DBN)

Tulare hospital board to consider settling with former manager, HCCA
(DBN)

New Delaware Chapter 11 Filing – Prescription Advisory Systems & Technology, Inc.
(DBN)

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Horse Racing:

Bankruptcy Trustee Alleges Dutrow Hid Assets
(DBN)

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Student Debt:

What student loan debt does to people (it’s not pretty)
(DBN)

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Mail:

U.S. Postal Service loss triples, even as package deliveries rise • Postal Service's red ink for 12th year as letter mail drops
(DBN)

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Commodities:

These hedge funds will control Noble Group after deal closes
(DBN)

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Autos:

Relief in sight for RDAG customers, attorneys offer updates during federal court hearing
(DBN)

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Consumer Finance:

Average Utah payday loan interest rate rises to nearly 528%
(DBN)

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New Bankruptcy Opinions
(6 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 (9 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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IP:

Trademarks and Bankruptcy Revisited
(DBN)

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Corporate Governance:

Creditor Governance
(DBN)

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Cross-Border:

New UNCITRAL Model Law to Facilitate Cross-Border Restructuring and Insolvency
(DBN)

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Awards:

Rachel Strickland Elected Fellow of American College of Bankruptcy
(DBN)

U. Penn’s Wharton School of Business Wins 4th Consecutive Title at ABI Corporate Restructuring Competition
(DBN)

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Ch. 13:

"We Have No Defense"
(DBN)

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Setoff:

McKesson cannot claw back funds owed to subsidiary in Orexigen bankruptcy - judge
(DBN)

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Plan Confirmation:

Designating Votes: Selfish Informed Self Interest v. Untoward Advantage
(DBN)

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Finance:

Covenants, or lack of, in loan deals
(DBN)

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Politics:

Trump Is Mulling A Wide-Ranging Shakeup, Sources Say
(DBN)

'Never Nancy': Democrats ramp up efforts to sideline Pelosi, without offering an alternative
(DBN)

Trump is still fuming over the midterms and has ditched several outings honoring veterans
(DBN)

Trump Close to Complete Meltdown?
(DBN)

Trump Claim: People in Disguise Voting Illegally
(DBN)

Trump aide Ricardel forced out after showdown with first lady • White House reassigns Deputy NSA Mira Ricardel after first lady calls for firing • Melania Trump leads new round of White House firing and fury
(DBN)

Behind the Trump-Macron Break Up • France Blasts Trump's Broadsides • Trump Blames Others For His Paris Missteps • Trump Points to Polls in France . . . Where 80 Percent Say He’s a Dangerous, Incompetent Racist
(DBN)

Rep. Kevin McCarthy elected GOP leader in the House for next Congress
(DBN)

TX GOP: Ditch the Muslim Already
(DBN)

A presidential map for the 21st century
(DBN)

The districts with college-educated women that voted Republicans out
(DBN)

Pelosi unfazed as unhappy Dems claim votes to block her rise
(DBN)

There Is No Progressive Majority in America
(DBN)

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Marijuana:

Pot firm Canopy's loss widens as spending surges, shares fall
(DBN)

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Electricity:

People who lost their homes in California are suing PG&E, accusing the energy company of negligence and blaming it for the wildfire • PG&E plunges 21% amid disclosure of an 'electric incident' just before wildfire • PG&E shares drop by nearly half in 5 days over Camp Fire risk • California’s Largest Utility Pummeled by Wildfire Risks • California’s Largest Utility Pummeled by Wildfire Risks • PG&E’s Possible Link to Camp Fire Carries Big Financial Burden • California's Largest Utility Could Go Bankrupt Over The Deadly Wildfires • Any PG&E Bankruptcy Would Pit Bonds Against Burnt Out Homes • PG&E Cash Sweep Sends Distress Sign to California Lawmakers • Utility Customers May Be on the Hook for Billions in Wildfire Damage • 'Pretty overwhelming' evidence against PG&E in deadly Paradise fire, says attorney suing CA utility • PG&E shares and bonds plunge as California wildfire risks mount • PG&E woes show climate is clear and present danger
(DBN)

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Radio:

iHeartMedia Unveils Post-Bankruptcy Board of Directors • iHeartMedia Taps Former Disney, MGM Execs for Post-Bankruptcy Board
(DBN)

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Maritime:

OSV Operators Warn of Continued Weak Day Rates
(DBN)

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Paper Products:

Orchids Paper hires new advisor, pivots to potential bankruptcy filing
(DBN)

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UK:

Why is the UK behind on insolvency reform?
(DBN)

The Insolvency (Scotland) (Receivership and Winding up) Rules 2018
(DBN)

The avoidance of related party transactions in insolvency
(DBN)

Theresa May's Cabinet backs draft Brexit agreement • Here’s what bankers and fund managers are saying about the UK/EU Brexit deal • EU's trade commissioner hopes European Union nations will support the new draft Brexit deal • 'Many British politicians have been liars' on Brexit, French finance minister says • Brexit plan clears first hurdle but tough part lies ahead • At long last, there's a draft Brexit 'deal' – here's what we know so far • Britain Is Rushing to Seal a Brexit Deal Few Support • Case for New Brexit Vote is Growing • Dominic Raab resigns as Theresa May's Brexit Secretary • Four Ministers Quit May Government Over Brexit Deal • British PM May suffers severe blow over Brexit as ministers quit • European banks, U.K. especially, crushed after Brexit minister quits • UK prime minister has 'a huge mountain to climb' as Brexit battle lines are drawn over draft deal
(DBN)

Nigel Farage Keeps Coming Up in Mueller Probe
(DBN)

Flybe up for sale weeks after profit warning • Flybe – buffeted by fuel prices and weak pound – goes up for sale
(DBN)

Ten years After the Financial Crisis: 'We Are Safer, But Not As Safe As We Should and Could Be'
(DBN)

Business insolvency risk falls
(DBN)

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PIIGS:

Italy's iconic Moka coffee pots at risk of impending bankruptcy
(DBN)

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Canada:

Burry's Shipyard deemed bankrupt, mayor hopes for sale
(DBN)

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Russia:

Russian court to hear bankruptcy claim against Yakut subsidiary of Summa Group
(DBN)

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India:

71 Air India properties to go under the hammer
(DBN)

India's economy is booming. Now comes the hard part
(DBN)

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China:

No threat of bankruptcy, says Ofo founder Dai Wei
(DBN)

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Ukraine:

Ukraine Adopts Bankruptcy Code
(DBN)

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MENA:

Saudi public prosecutor seeks death penalty in Khashoggi murder case
(DBN)

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Mozambique:

Will Mozambique Be Free From Bad Debts?
(DBN)

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Zimbabwe:

Air Zim administrator meets creditors
(DBN)

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