November 16, 2018

The Daily Bankruptcy News

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Law:

Big Law Should Raise Partner Billing Rates 10+ Percent Now
(DBN)

$400K Is Now The Official Market Rate For Supreme Court Clerk Bonuses
(DBN)

Ex-Dewey CFO Jailed After Failing to Pay $1M Fine Former Dewey CFO is jailed after missing first payment on $1M fine LOCKED UP! Former Dewey CFO Jailed Because He Can’t Pay Fine Dewey Drama Takes Unexpected Twist With Ex-CFO's Jailing
(DBN)

As Law Firms Address Mental Health, Many Find the Stakes Are Personal
(DBN)

Demand, Lawyer Head Count Down at Texas Firms
(DBN)

The Law Schools With The Most Conservative And Liberal Students (2019)
(DBN)

Law Prof Placed on Leave After Second Alleged Use of N-Word This Semester
(DBN)

Widow's Story Highlights Fight Against Stigma of Mental Health Treatment Among Lawyers
(DBN)

The First Ever Woman To Lead A Biglaw Firm
(DBN)

New Mothers Working In Biglaw Should ‘Quit Whining’ About Breastfeeding
(DBN)

Elite Law School Announces Exciting Expansion Of Support For Public Interest Work
(DBN)

The Elite Teaching The Elite: Who Gets Hired By The Top Law Schools?
(DBN)

Bar Examiners Published List Of Passing Candidates… It Was Wrong
(DBN)

Berkeley Law to drop the "Boalt Hall" name
(DBN)

There's a Bit of Gabe MacConaill in All of Us
(DBN)

Please believe your in-house counsel when they cite some sort of ethical reason why your recommended course of action may not be advisable
(DBN)

‘International Lawyer’ Launches Into Drunken, Racist Tirade From Comfort Of Business Class
(DBN)

Roundtable on women and the business of law
(DBN)

After Fall From Grace, David Boies Plots Next Battle
(DBN)

I tested the new iPad Pro and it still can't replace my laptop like Apple says it can
(DBN)

To Become a Rainmaker Later, Be a Thought Leader Now
(DBN)

Trump revives personal attacks against Mueller team Trump met with his legal team over 3 days Trump seethes against Russia probe 'disgrace' Is a Storm Brewing? The Likely Reason Trump Chose Now to Trash the Mueller Probe All Over Again Republican group runs “protect Mueller” ad on Trump’s favorite show Former Trump aide Gates still cooperating on several Mueller investigations: report Why Mueller’s Russia findings won’t matter Republican senator threatens to vote against judges after GOP blocks vote on Mueller protection bill Sen. Lindsey Graham: Acting AG Whitaker says special counsel is handling the Russia probe correctly Top Republicans Are Officially At Odds Over Bill to Protect Robert Mueller Trump claims 'inner workings' of Mueller probe 'are a total mess,' as controversy over AG continues “Everybody Must Get Stone”: Mueller Moves Closer To The Possible Indictment Of Trump Confidant Did Robert Mueller Just Hint that the Russia Investigation Will Drag on into 2019? Mystery Robert Mueller Opponent Previously Thought to Be Trump Files Lengthy Sealed Document Here's everyone who has been charged and convicted in Mueller's Russia probe so far Judge rules Mueller can proceed in troll farm case Matt Whitaker Has Not Met With Robert Mueller: Senator
(DBN)

In a 'self-defeating and self-incriminating' slipup, Trump just indicated he installed Matthew Whitaker to kill the Russia probe Trump's conservative media comfort trap
(DBN)

Conservative lawyers speak out about Trump policies, encourage like-minded colleagues to join them
(DBN)

Judge Andrew Napolitano: Will the real attorney general please stand up? AG Whitaker Hawked Bizarre Products I Was the Subject of a Political 'Witch Hunt.' Matt Whitaker Directed It.
(DBN)

Avenatti bailed out after being arrested on suspicion of felony domestic violence, says he’ll be ‘exonerated’ Ex-Wives Defend Michael Avenatti If Surefire Intelligence Really Was Behind False Avenatti Police Report, Jacob Wohl Could Be in Deep Trouble Avenatti's political career takes a hit as legal troubles pile up Avenatti Says RNC's Request for Police Report and Mugshot Suggests Allegations Are Politically-Motivated
(DBN)

Trump seeks to land blow against media in court fight with CNN, says he could ban all reporters if he wanted to Judge Plans Swift Ruling in CNN Suit Against Trump Over Press Access Conservative outlet One America News files brief in support of White House in CNN legal battle White House Touts 'Broad Discretion' to Block Reporters
(DBN)

First Wave of Migrants in Tijuana Honduras Says 7,000 U.S.-Bound Nationals Have Returned
(DBN)

Dartmouth - Alleged Professor Version of "Animal House"
(DBN)

McDonald's Worker Charged In Bacon Attack
(DBN)

Woman injured in Spaghettios assault
(DBN)

Homeless man, couple allegedly conspired to deceive GoFundMe funds: report N.J. Couple and Homeless Man Allegedly Made Up Heartwarming Story That Sparked Viral GoFundMe Campaign
(DBN)

Hunter Shoots 72-Year-Old Woman Mistaken For Deer
(DBN)

United States v. 1855.6 Pounds of American Paddlefish Meat
(DBN)

Despite recent violence, Chicago is far from the U.S. ‘murder capital’
(DBN)

Ex-Alabama trooper is shot dead after wounding prosecutor in "ambush"
(DBN)

Justice Department Says It's Preparing To Prosecute WikiLeaks Founder Julian Assange US reportedly looking to prosecute Assange amid increased prospects of bringing him to the US
(DBN)

Man smashed law firm’s windows after finding it was shut
(DBN)

Bonkers Law Firm Website gets staff to pick a cartoon character
(DBN)

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Judges:

BK VT Closed On Thurs and Fri Due To Weather
(DBN)

Sonia Sotomayor Hopes Judicial Branch Can Maintain Nation’s ‘Respect’
(DBN)

As populism rises, fragile democracies move to weaken their courts
(DBN)

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Wall Street:

US stocks set to open lower amid Brexit turmoil; economic data ahead
(DBN)

Stocks rise to highs of the day on trade optimism, Apple gain S&P 500 snaps 5-day losing streak as shares of Apple, JP Morgan gain Dow closes about 200 points higher powered by 3M, Caterpillar and Apple stocks
(DBN)

Stocks turn positive, so here are 7 brutal charts for the pessimists
(DBN)

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Layoffs:

Zacky Farms is just the latest big layoff affecting workers in the San Joaquin Valley
(DBN)

Wells Fargo eliminating 900 mortgage jobs
(DBN)

Boston's Langham hotel to lay off 251
(DBN)

Broadcom to lay off 262
(DBN)

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Politics:

Nancy Pelosi's bid for House Speaker is in a lot more trouble than she's letting on
(DBN)

Poll: Trump has little support for reelection bid
(DBN)

Bill Clinton once lost the nuclear codes for months, and a 'comedy of errors' kept anyone from finding out
(DBN)

Half of the post-millennial generation is non-white
(DBN)

Democrats flip another House seat, this time in Maine Blue Wave Sweeps Inland in GOP Loss of Rural California Seat
(DBN)

People Are Calling Out Republicans for This Photo Comparing Newly Elected House Members
(DBN)

Public Expects Gridlock, Deeper Divisions With Changed Political Landscape
(DBN)

Day 6 of Florida recount: What you need to know Federal Judge Hands Rick Scott Huge Loss While Masterfully Trolling Marco Rubio’s Football Analogy Judge gives thousands of voters with rejected ballots time to fix signature problems Judge Denies Democrats’ Request to Extend Florida Recount Deadline Federal judge denies deadline extension for recounts in Florida races for U.S. Senate, governor Deadline passes in contentious statewide recounts in Florida as hand count in Senate race looms Manual recount ordered in Florida race for U.S. Senate Broward County Recount Results Tossed For Being Filed Late By Two Minutes Florida U.S. Senate race triggers hand recount FL: Sloppy Signatures May Disqualify Votes Georgia Ordered to Count Ballots With Missing Birthdates "Laughingstock" USA: Florida recount woes cause election chaos Utah GOP congresswoman sues to halt vote count What It’s Like to Be at the Center of a Heated Recount
(DBN)

Mississippi GOP senator calls voter suppression 'great idea.' Campaign: 'Obviously' joking.
(DBN)

Trump's mood takes a foul turn: 'He's pissed -- at damn near everyone'
(DBN)

These charts show how Democrats represent the modern economy – and how Republicans are left behind
(DBN)

Trump incorrectly claims you need to show ID to buy cereal in latest push for tight voter ID laws
(DBN)

Trump is getting the European army he wanted
(DBN)

Krugman: Truth and Virtue in the Age of Trump
(DBN)

Stormy Daniels Won’t Speak Against Donald Trump in 2020 - Politics dirtier than p---
(DBN)

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Climate:

Northern California wildfire toll rises: 63 dead, more than 600 missing Camp Fire Missing-Persons List Grows To More Than 300 Names How this year's wildfire season compares to past years California taps war-zone DNA specialists after wildfire As California’s Wildfires Raged, The Ultra-Rich Hired Private Firefighters Forest management is only one risk factor in the California wildfires Staggered evacuation plan questioned in fire’s aftermath Californians usually rebuild after fires. That could change
(DBN)

Trump to visit California on Saturday to meet with wildfire victims
(DBN)

Families still sleeping in tents 5 weeks after Hurricane Michael
(DBN)

Winter Storm Avery: Chaotic Evening Commutes Come to a Standstill; 8 Killed on Slick Roads Deadly snowstorm causes commuter chaos from the South to the Northeast
(DBN)

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Economy:

Weekly Initial Unemployment Claims increased to 216,000
(DBN)

Cramer says CEOs are telling him off the record the economy has quickly cooled
(DBN)

The Economy’s Coming Wile E. Coyote Moment
(DBN)

Galluo: Key U.S. Economic Assessments Strong, Stable
(DBN)

Paul Tudor Jones says we're in a global debt bubble and headed for some 'scary moments' Fund boss who predicted ’87 crash says get ready for some ‘really scary moments’ Paul Tudor Jones Says Trump Tax Cut May Cause Debt Bubble to Pop
(DBN)

Krugman: Why Was Trump’s Tax Cut a Fizzle?
(DBN)

Larry Summers: 50 percent chance of a US recession by 2020 What Are the Odds of a U.S. Recession by 2020? Larry Summers Says They're Pretty High
(DBN)

Fed's Powell still has a chance to save the economy before it's too late, Cramer says
(DBN)

Billionaire investor Dalio: Fed rate hikes ‘hurting asset prices’
(DBN)

Elizabeth Warren says the Fed is making the same mistakes as before the crisis: 'Deeply worrisome' Elizabeth Warren Says Leveraged Lending Lapses Invite New Crisis
(DBN)

Fed set for a broad review on how it conducts policy in 2019
(DBN)

Fed's Bostic says interest rates are 'not too far' from neutral
(DBN)

Minneapolis Fed President Kashkari says interest rates shouldn't go up further
(DBN)

Fed watchers left puzzled by what Powell was trying to communicate
(DBN)

Companies Are Using Their Tax Cut Windfall to Pay Down Debt: Moody’s
(DBN)

NY Fed Mfg "Solid", Philly Fed Mfg "Slowed" in November
(DBN)

Trump Tax Cut to Be Eroded Next Year by Inflation Switch Trump’s tax cut will shrink in 2019 thanks to inflation switch
(DBN)

IRS Announces 2019 Tax Rates, Standard Deduction Amounts And More
(DBN)

Fed GDPNow Latest forecast: 2.8 percent — November 15, 2018
(DBN)

Trump seems to be backing down in the trade war with China after electoral blowback and growing economic worries Did the trade war turn rural counties against Republicans? A top economist warns Trump's China trade war is doing more damage to the US economy than people think Trade war hitting business hard: 'That's like paying ransom to get our own stuff' China makes opening bid to US on trade ahead of Trump-Xi meeting China offer unlikely to spur major trade war breakthrough, senior US official says U.S. in China trade talks again, demands 'change of posture' Trump Forged His Ideas on Trade in the 1980s—And Never Deviated US trade representative denies report he told business executives next China tariffs on hold US and China rivalry for supremacy goes way beyond trade, says founder of world's largest hedge fund Stock market shifts higher on cautious optimism over U.S.-China tariff spat Citi says clients are making business adjustments due to trade war Auto tariffs would mean 'recession or depression,' tech leader says Steel tariffs rattle Indiana town that relies on RV manufacturing
(DBN)

Automakers Warn on Tariffs and NAFTA 2.0
(DBN)

Trucking companies are offering their drivers bonuses as high as $20,000 — but they say it's still not enough to fix the truck driver shortage
(DBN)

Bernie Sanders targets Walmart: Bill would block stock buybacks unless workers get $15 minimum wage
(DBN)

US Wasted $6 Trillion on Wars Since 9/11. Killed a Half Million
(DBN)

Retail Sales increased 0.8% in October
(DBN)

Almost all of Sen. Harris' $2.8 trillion tax plan would help middle and working class, study finds
(DBN)

15% of Americans still paying off last year’s holiday debt
(DBN)

Which College Produces The Most Billionaires ?
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Millennials Are More Likely to Buy Their First Homes in Cities
(DBN)

California Existing Homes in October: Sales Down 7.9% YoY, Inventory Up 28%
(DBN)

Ben Carson Won’t Save the New York City Housing Authority
(DBN)

Billionaire developer Stephen Ross: Housing markets are 'overbuilt' in most parts of the country
(DBN)

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Municipalities:

Labor unions file pension lawsuit against Puerto Rico
(DBN)

Wisconsin offered Foxconn more than Virginia and New York did for Amazon
(DBN)

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Oil/Gas:

Summary: New Chapter 11 Bankruptcy Filing - All American Oil & Gas Inc.
(DBN)

Oil Prices Pulled In Both Directions By These Surprise Factors Oil Up, Oil Down Oil Regains Ground After Sharp Selloff OPEC warns Trump about the dangers of cheap oil
(DBN)

Charts show oil just suffered a 'severe setback,' signaling prices will move even lower
(DBN)

'Duped,' 'tricked' and 'snookered': Oil analysts say Trump fooled Saudis into tanking crude prices
(DBN)

America may be responsible for oil's plunging prices
(DBN)

Natural gas suffers biggest one-day percentage drop in more than 15 years
(DBN)

Oil prices are tumbling. Volatility aside, expect them to stay low over the next 20 years.
(DBN)

Oil's rout comes at the perfect time for corporate America
(DBN)

California: EVs Now 10% of New Car Sales
(DBN)

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Fraud:

Goldman CEO: Shocked to Find Fraud. Shocked
(DBN)

Parents charged with using kids' identities to rack up debt
(DBN)

Biblical University Leaders Indicted In Newsweek Fraud Case
(DBN)

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Electricity:

PG&E Sell Off Continues as Wildfires Rage California Public Utilities Commission Says Agency Doesn’t Want Bankrupt PG&E Shares of beleaguered utility PG&E pop 37% after hours PG&E has lost half its value this week as shareholders fear utility's role in California wildfires PG&E stock at its lowest in 15 years on concern over California utility’s wildfire liability Will PG&E’s Liability Shield Work Better Than Its Equipment? 'Unprecedented' PG&E Uncertainty Spurs Morgan Stanley Downgrade PG&E stock whipsaws wildly amid growing fears of bankruptcy California Lawmakers Stay Silent as PG&E's Collapse Continues California's Electricity Giant Faces Possible $30 Billion In Damages For Fires That Have Killed 100 PG&E's stock deepens slump as wildfire fans liability fears PG&E Debt Crash Leads Slump in Investment-Grade Utility Bonds Catastrophic Financial Impacts Facing PG&E from Wildfires PG&E reels as investors assess its role in California wildfire California Regulator to Examine PG&E Corporate Governance PG&E stock soars after hours as PUC chief says bankruptcy unlikely
(DBN)

New Delaware Chapter 11 Filing – Starion Energy, Inc.
(DBN)

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Retailing:

Sears’ demise could hurt, not help, J.C. Penney Judge approves Sears plan to sell its best-performing stores Sears Gets an Extra $350 Million for the the Holidays Sears Just Secured a New Loan to Stay Open Through the Holidays Bankrupt Sears wins court approval for plans to sell stores Cyrus Capital Becomes Key Challenger to Sears CDS Maneuver This investment firm is leading the charge against Sears' latest financial maneuver Sears Holdings: Bankruptcy Doesn't Always Mean Broke Some landlords want a Sears liquidation, irking chairman and his hedge fund
(DBN)

JCPenney's new CEO wants to crack down on the company's overpacked stores JC Penney shares dive as sales fall short despite narrower-than-expected loss JC Penney Is Winning the Race to Become the Next Sears JC Penney Needs to Turn Around Its Turnaround J.C. Penney's 'atrocious' Q3 sharpens challenge for new CEO J.C. Penney gives gloomy outlook before holidays
(DBN)

David's Bridal to file for Bankruptcy David's Bridal is filing for bankruptcy, but they say your dress is safe
(DBN)

Nordstrom plunges after earnings miss Nordstrom plunges after taking $72 million charge for customer credit card refunds
(DBN)

Bankrupt Toys'R'Us to continue Asian business
(DBN)

Beloved toy store FAO Schwarz makes its comeback
(DBN)

Jeff Bezos to employees: 'One day, Amazon will fail' but our job is to delay it as long as possible
(DBN)

US retail sales rebound sharply in October
(DBN)

Consumers' Holiday Spending Estimate Is Down, but Still Solid
(DBN)

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Maritime:

An $8 Billion Payout From Maersk Raises Questions for Creditors
(DBN)

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Finance:

The Case of the Disappearing Collateral - Investors are literally giving away the store to squeeze out meager returns
(DBN)

GE may be canary in credit market’s coal mine
(DBN)

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Derivatives:

Is this the next financial time bomb?
(DBN)

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Nuclear:

SCANA attorney admits to, defends deleting parts of critical SC nuclear report
(DBN)

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Marijuana:

Not So High on Bankruptcy – Limited Options for Medical Marijuana Companies Facing Insolvency
(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 (13 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (17 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:

October Commercial Bankruptcy Filings, 2008-18 October Total Bankruptcy Filings, 2008-18 October Commercial Chapter 11 Bankruptcy Filings, 2008-18
(DBN)

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Exemptions:

Inherited IRAs Not Exempt From Bankruptcy Estate Under New York Law
(DBN)

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Awards:

American College of Bankruptcy Announces 2018 Pro Bono Grantees
(DBN)

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Farming:

Chapter 12 Debt Limit Should Be Eliminated
(DBN)

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Taxis:

Uber Continues to Bleed Billions
(DBN)

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Personal Finance:

Can You Retire on $250,000? A Survey Says 39% of Americans Think So
(DBN)

Visualizing Financial Literacy Rates Around the World
(DBN)

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Cryptocurrency:

Bitcoin hits lowest level since October 2017 amid digital-coin rout
(DBN)

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Tech:

Google parent Alphabet’s stock becomes 2nd FANG to produce ‘death cross’ and Netflix is next
(DBN)

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Student Deb:

Betsy DeVos sued to get rolling on student loan forgiveness
(DBN)

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Debt Collection:

FDCPA Caselaw Review
(DBN)

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Travel:

Business class passenger claiming to be a ‘f------ international lawyer’ filmed verbally abusing cabin crew after being refused more booze
(DBN)

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Radio:

Bankrupt iHeartMedia Soldiers On With a Brand-New Board of Directors
(DBN)

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Healthcare:

Men Who Work in Construction and Mining Have the Nation’s Highest Suicide Rate, Says CDC Report
(DBN)

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Autos:

Bertone Treasures Up for Sale in Final Bankruptcy Auction
(DBN)

USMCA will add to costs, could eliminate jobs: Automakers
(DBN)

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Viaticals:

New Delaware Chapter 11 Filing – Lamington Road Designated Activity Company LLC
(DBN)

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Television:

AT&T is making big changes to DirecTV dealer contracts, and there are signs that its satellite business could be on the way out
(DBN)

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Mail:

Post Office Lost $3.9 Billion Last Year
(DBN)

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Sovereigns:

Harvard's Reinhart Sees Rising Risk of Big Emerging-Market Sovereign Defaults
(DBN)

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UK:

'28 months of work undone in hours': The City of London reacts to the chaos of Theresa May's crumbling Brexit deal The latest Brexit drama, explained Brexit: All you need to know about the UK leaving the EU The Brutal Reality Of Brexit The problem Isn't Theresa May. It's Brexit Scant public support for the draft Brexit agreement An Explainer On The 585-page Brexit Deal Britain's Government is Now in Chaos Great Britain Erupts Over Draft Brexit Deal; May's Government Totters Theresa May vows to "see this through" on Brexit deal Theresa May Is Having Such a Tough Time Some People Feel Sorry For Her U.K.’s Brexit Deal in Jeopardy as Senior Ministers Resign Theresa May's fate in the balance as Brexit deal wobbles British Prime Minister Battles To Save Brexit Deal As Ministers Quit Sterling plunges as key ministers quit in protest at Brexit deal Theresa May’s premiership faces reckoning over Brexit deal British PM May fights to save Brexit deal and her job Dump May? Approve her plan? Some scenarios for what might be next for Brexit Britain Brexit Deal Leaves British Finance Out UK Companies, Consumers Are Still Tangled Up in Brexit Blues Pessimism reigns among Brexit experts The Brexit endgame: Deal or no deal? No chance for a second Brexit referendum, according to Margaret Thatcher's former advisor
(DBN)

Here’s why Brexit turmoil is a source of worry for U.S. investors
(DBN)

Mr. Brexit
(DBN)

Patisserie Valerie Owner Names New CEO of a Company on the Brink
(DBN)

Insolvency Reform in the EU and UK in the Era of Brexit: As Political Systems Diverge, Insolvency Regimes Converge
(DBN)

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EU:

Is Europe Falling Apart?
(DBN)

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PIIGS:

Troubled Greek jeweler Folli Follie seeks bankruptcy protection
(DBN)

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Canada:

Expect bankruptcy rates in Canada to start climbing in 2019, new report warns
(DBN)

Canadian Home Sales Fall for a Second Month in October
(DBN)

Tipping the Scales: Ontario Court of Appeal Confirms the Primacy of Creditors’ Interests when Approving a Receiver’s Sale of Property
(DBN)

Ontario sharpens axe as it readies plan to cut mounting $15-billion deficit
(DBN)

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MENA:

Emirates Airline profits are down by 86% and things may not get better soon
(DBN)

Trump administration sanctions 17 people over Khashoggi killing Trump administration seeks to appease Turkey over Khashoggi killing by extraditing Erdogan foe: NBC Trump administration's reported effort to 'barter' a US resident to convince Turkey to ramp down Khashoggi probe stuns foreign-policy veterans Turkey says any US attempt 'barter' cleric Gulen to hush the Khashoggi investigation won't work
(DBN)

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Australia:

Myer On The Skid, Are They Set To Be Another Sears After Leaked Report Reveals Sales?
(DBN)

Credit Suisse thinks Australia's economy could be on the verge of a sharp slowdown that will cause all sorts of trouble 'Deep recession': Australian house prices could fall more than 30 per cent
(DBN)

Melbourne businessmen sue after false report to AFP led to bankruptcy
(DBN)

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India:

How delays are throwing a spanner in the IBC works
(DBN)

Hits and misses of the IBC
(DBN)

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Ukraine:

Enhancing Creditors' Rights Protection
(DBN)

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Nepal:

On the verge of 'bankruptcy', Nepal Airlines seeks bailout
(DBN)

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