November 20, 2018

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Cravath Announces Annual Bonuses Cravath Keeps Steady On Bonuses For Another Year A Week Early, Cravath Kicks Off Associate Bonus Season
(DBN)

In A Bid To Nab Top Talent, Biglaw Firm Introduces Work-From-Home Program
(DBN)

The California Bar Exam pass rate hit a low not seen since 1951
(DBN)

Debevoise Launches New Feedback Program for Associates
(DBN)

The View From Below—A Discovery Attorney’s Journey
(DBN)

Gaming It: O'Melveny Takes Talent Search Online to Expand Recruitment Base
(DBN)

How I Made Partner
(DBN)

See Something, Say Something? - If an attorney observes misconduct by another attorney
(DBN)

British Candor on Mental Health Offers Transatlantic Big Law Lessons
(DBN)

Niche Practices Make Midsize Firms Must-Haves for Clients
(DBN)

Law firm innovation heads say clients are tepid on legal tech
(DBN)

Survey Finds Legal Industry in Last Place in AI, Machine Learning Adoption
(DBN)

5th Circ. OKs Denial Of Atty Fees Over 'Outrageous' Behavior
(DBN)

5th Circuit 'Stunned' Over $130,000 Fee Request by 2 Texas Lawyers in $1,000 FDCPA Case, Awards $0
(DBN)

If You Really Want To Be A Lawyer, This Is When You Really Should Have Applied
(DBN)

Biglaw Firm Wastes No Time Kissing Up To New Democrat Judges In Texas
(DBN)

Ex-FBI Lawyer Drops Hints on Trump & Probes
(DBN)

Senate Democrats Sue Trump, Challenging Whitaker’s Appointment at Main Justice Democrats file lawsuit against Trump over Whitaker, accuse president of violating Constitution Trump privately praises Matt Whitaker's "courage" Mueller says powers still intact amid DOJ overhaul
(DBN)

CNN seeks emergency hearing over White House's Acosta threat White House will drop its effort to revoke CNN correspondent Jim Acosta's press pass
(DBN)

3 ways to change the subject of a conversation without making it awkward
(DBN)

Federal Judge Sharply Questions Trump’s Shift on Asylum Federal court bars U.S. from enforcing Trump’s immigrant asylum ban US closes busiest Mexico border crossing for several hours Tijuana protesters chant ‘Out!’ at migrants camped in city So the Border Deployment Was a Stunt Just north of the U.S.-Mexico border, ‘Little Dog,’ ‘Weasel’ and other militia members keep an eye out for migrants
(DBN)

Manhattan DA Says Evidence Is Strong on Remaining Charges Against Harvey Weinstein NY Fights Weinstein Bid To Toss Remaining Assault Charges
(DBN)

Gunman opens fire at Chicago hospital, killing 4
(DBN)

FBI now classifies far-right Proud Boys as 'extremist group', documents say
(DBN)

Under Growing Pressure, GCs Dig Deeper Into Potential Business Partners
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Judges:

NV: Federal bankruptcy judge dies in courthouse Laurel Babero, Nevada bankruptcy judge, has died Passing of the Honorable Laurel E. Babero
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Gorsuch, Sotomayor Team Up to Champion a Scalia Cause
(DBN)

Is The High Court In Damage Control Mode?
(DBN)

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Wall Street:

Dow set for more than 150-point drop as Target drops, tech gets hit again U.S. stock futures sharply lower, led by tech as rout continues
(DBN)

Global Stocks Slip as Tech Shares Extend Declines
(DBN)

Stocks Swoon as Technology Sector Leads Market Lower to Start Holiday Shortened Week Dow Falls 396 Points
(DBN)

The Dow may drop another 2,000 points before the stock market selling is done: CNBC CFO survey
(DBN)

Volatile stock market spooking some older workers, retirees
(DBN)

Fat lady isn’t singing bull market’s swan song—‘but if you listen closely you can hear her warming up’, says strategist
(DBN)

Goldman Says It's Time for Equity Investors to Boost Their Cash
(DBN)

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Layoffs:

GM Wants 7,000 Workers to Take Buyout
(DBN)

As Immigrant Farmworkers Become More Scarce, Robots Replace Humans
(DBN)

‘Suddenly, I Have Purpose Again.’ Former Toys ‘R’ Us Employees Are Spending the Holidays Fighting for Their Severance Pay
(DBN)

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Politics:

"Fools!": Trump blasts predecessors on Osama bin Laden Now the RNC is Attacking Adm. McRaven Trump takes heat for his bin Laden raid comments Clapper Slams Trump on bin Laden Comments Trump: I Was Onto bin Laden Before 9-11
(DBN)

16 Democrats release letter opposing Nancy Pelosi as next speaker of the House Read the "Never Pelosi" letter signed by 16 House Democrats Nancy Pelosi's Last Stand
(DBN)

Democrats warned against bragging about new power
(DBN)

How to keep politics off the menu at holiday meals
(DBN)

In Mississippi Senate race, a 'hanging' remark spurs Democrats
(DBN)

Maxine Waters wants to investigate Trump, but her party may resist
(DBN)

Nielsen is Leaving Dept. of Homeland Security
(DBN)

Beto O'Rourke's donors and supporters are prodding him to run for president or Senate in 2020
(DBN)

Trump waffles on pledge to keep chief of staff John Kelly
(DBN)

Why Hasn't Trump Visited a War Zone?
(DBN)

White House Insider: We Were Ruthless
(DBN)

Ivanka Trump used personal email for White House business???
(DBN)

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Marijuana:

Failing biotech company mentions pot business, stock soars 70%
(DBN)

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Distressed Investing:

Junk bonds — no longer 2018’s darling — flip to red as the corporate debt climate deteriorates
(DBN)

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Travel:

6 airplane foods you should avoid, according to food safety experts
(DBN)

Airlines Making Basic Economy Miserable
(DBN)

AAA warns of record-breaking traffic for Thanksgiving
(DBN)

Passengers forced to chip in to pay for plane repairs before take off
(DBN)

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Religion:

Update on Catholic Diocese's Chapter 11 Filings, Fall 2018 Edition
(DBN)

Winona-Rochester diocese to file for Chapter 11 bankruptcy Winona-Rochester Diocese Bankruptcy Filing is Coming Soon
(DBN)

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Economy:

Markets think Fed chief Powell ‘blinked’ in Dallas As US recession chances increase, the Fed may deliver fewer rate hikes: Poll
(DBN)

America's largest cities have 72% of the post-crisis employment growth
(DBN)

Student delinquencies up as U.S. household debt hits another record
(DBN)

Goldman Sachs believes the US economy will slow to a crawl next year
(DBN)

Corporate America’s debt boom looks like a bust for the economy
(DBN)

US trade war with China won't be ending anytime soon, and it is a big concern: CNBC CFO survey US companies aren't in a hurry to leave China despite the trade war, analysts say The odds that the US and China don't reach a trade deal just got higher: Cramer
(DBN)

A $12 Billion Program to Help Farmers Stung by Trump’s Trade War Has Aided Few
(DBN)

Incoming House transportation chief sees no ‘political peril’ to hiking gasoline taxes to pay for infrastructure
(DBN)

Misguided buybacks hollow out companies’ balance sheets and will lead to bigger stock-market trouble
(DBN)

US Debt Clock
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World Debt Clock
(DBN)

How People Really Live
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Real Estate:

California Bay Area Home Sales Decline 8% YoY in October, Inventory up 21% YoY
(DBN)

Sacramento Housing in October: Sales Down 4.8% YoY, Active Inventory up 21% YoY
(DBN)

Report: Home sales, inventory locked in standstill
(DBN)

NAHB: Builder Confidence Declines in November Home builder confidence tumbles the most since 2014 as housing headwinds catch up Homebuilder confidence plummets to the lowest level in more than two years as 'demand stalls' Stock-market decline accelerates after big drop in home builder confidence
(DBN)

Here’s how to flip houses without paying taxes on the profits
(DBN)

Feds significantly expand investigation into all-cash real estate deals
(DBN)

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Oil/Gas:

The oil price is now controlled by just three men
(DBN)

The Impending Endgame in Oil Markets
(DBN)

Shale Merger Wave Continues to Strengthen
(DBN)

Marshals seize Ferrari, Mercedes, jewelry at Alfaro’s Shavano Park home
(DBN)

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Retailing:

David’s Bridal, the nation’s largest bridal retailer, files for Chapter 11 bankruptcy Summary: New Chapter 11 Bankruptcy Filing - David's Bridal David’s Bridal Says “I Do” to Chapter 11 Bankruptcy Filing David’s Bridal Files for Chapter 11 Protection We visited a David's Bridal store just before the company filed for bankruptcy. Here's what it was like David's Bridal Hits Ch. 11 In Delaware With $800M In Debt David's Bridal files for bankruptcy, but your order is safe Leading Retailer David's Bridal Takes Expected Next Step in Financial Restructuring as it Continues Uninterrupted Service to Customers David's Bridal Files for Bankruptcy, but Brides Will Get Their Dresses New Delaware Chapter 11 Filing – David’s Bridal, Inc. David’s Bridal says creditors will keep stores open, dresses flowing, in bankruptcy First Day Dec
(DBN)

Hedge Fund Offers Truce to Save Sears Swaps Wager
(DBN)

Sears is just one of five retailers that have no room for error this holiday season These retailers could be the next to go bankrupt
(DBN)

Sears seeks big bonuses for top executives
(DBN)

Cyrus Offers Sears Cash to Settle Dispute Over Note Sale
(DBN)

Toys 'R' Us to expand Asian presence despite US parent bankruptcy
(DBN)

Target's stock down 7.4% premarket, on track to open at lowest regular-session price seen since May 29 Target's stock tumbles after profit, same-store sales miss expectations
(DBN)

Walmart's stock falls 1.7% in premarket trade after disappointing Q3 results from rival Target
(DBN)

Lowe's stock drops after earnings beat but same-stores sales miss, gross margin declines
(DBN)

Best Buy earnings beat expectations
(DBN)

Sophia Amoruso credits bankruptcy for getting her to ‘powerful’ place
(DBN)

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Climate:

The death toll from California's fires has risen to 80 — and nearly 1,000 people are still missing Some California wildfire victims may never be found: searcher What started as a tiny brush fire became California’s deadliest wildfire Homelessness Crisis Looms For Camp Fire Evacuees Two arrested for looting Cal Fire station during Camp Fire, authorities say In smoldering wildfire ruins, life goes on for a hardy few Rain may hamper search for California wildfire victims
(DBN)

Thanksgiving Could Be Among the Coldest on Record in Parts of the Northeast Frigid winds to whip through NYC for Macy’s Thanksgiving Day Parade
(DBN)

Climate Change to Make Things Much Worse
(DBN)

Climate Change and Collapse of Civilizations
(DBN)

Northeast Coldest Thanksgiving on Record?
(DBN)

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Personal Finance:

Does society still put pressure on husbands to earn more than their wives?
(DBN)

Why you shouldn’t leave your couch on Black Friday
(DBN)

Selfish People Earn Less Money
(DBN)

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Cryptocurrency:

Bitcoin below $5,000 as bloodbath continues Bitcoin plunges 15% to $4,200, a new low for the year
(DBN)

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Autos:

Ford, VW could announce electric, driverless-car collaborations: analyst
(DBN)

Arrest of legendary CEO Carlos Ghosn creates peril for investors in not one but three car companies Carlos Ghosn: Legacy of Nissan and Renault Savior Takes a U-Turn Carlos Ghosn's arrest: What we know so far What's Next After Nissan CEO's Arrest Renault Will Thrown Ghosn Out Too Will Renault-Nissan-Mitsubishi Alliance Survive Carlos Ghosn's Fall? Strong Reasons To Doubt Fears that the Nissan scandal could threaten its global alliance are 'overly alarmist' Carlos Ghosn Drives Renault In Reverse
(DBN)

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Maritime:

Mercuria Is Favorite to Buy Bankrupt Aegean Marine Aegean Marine gets $681 mln 'stalking horse bid' from Mercuria Energy Aegean Marine Petroleum Network Inc. Receives Court Approval of “First Day” Motions to Support Business Operations
(DBN)

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Education:

NYC Prep School Debt Boom Leaves Italian Academy in Crisis
(DBN)

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Corporate Reform:

How Democrats plan to save the agency Republicans love to hate
(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 (17 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 Statistics:

Weekly Bankruptcy Claims Trading Activity
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Bankruptcy Reform:

Bankruptcy for Banks: A Tribute (and Little Plea) to Jay Westbrook
(DBN)

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IP:

Bankruptcy Purchasers Beware: Fifth Circuit Holds that Unscheduled Patent License Automatically Rejected and Not Among Assets Purchased in Bankruptcy Sale
(DBN)

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Executory Contracts:

Another Gotcha for the Calendar: Section 365(d)(1)
(DBN)

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Bankruptcy Strategy:

When Bankruptcy Is Used to Halt State Court Litigation
(DBN)

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Indenture Trustees:

Avoid Post-Confirmation Headaches; How Indenture Trustees and Agents Can Achieve Finality and Closure and Limit Risk in the Event Exculpation and/or Releases are Not Available
(DBN)

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Ch. 13:

Bankruptcy Won’t Lift Suspension of a Driver’s License for Failure to Pay Traffic Fines
(DBN)

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Tech:

Software stocks head for worst selloff in nearly 3 years as tech continues to get beaten up Investors' favorite trade is officially dead as each member of tech's 'FAANG' is in a bear market Facebook is on track to post its longest losing streak ever, and some say there's more pain ahead As Facebook shares plunge, one expert calls it a top pick, another calls it a crisis Once popular tech stocks like Facebook and Apple are now getting crushed: Here's what happened Apple's stock falls 2.1% premarket, on track to open in bear-market territory Netflix’s ‘death cross’ is the third for FAANG stocks and Nasdaq Composite is next
(DBN)

Apple Suppliers Suffer as It Struggles to Forecast iPhone Demand
(DBN)

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Student Debt:

Student borrowers battling cancer can now postpone their payments
(DBN)

Student Loan Delinquencies Rise To 9.1 Pct In Q3
(DBN)

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Television:

Outlook for Traditional TV Goes From Bad to Worse How Bleak is the Future of Traditional TV?
(DBN)

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Conglomerates:

If GE Debt Gets Junked, Markets Have Reason to Shudder
(DBN)

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Fraud:

NJ Justices Will Review Fox Rothschild Ties To Ponzi Schemer
(DBN)

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Discharge:

Court denies wealth manager Bradley Reifler’s bid to dismiss $50M in debts
(DBN)

Suing Debtor for Specific Performance – Discharge Violation? Maybe not…
(DBN)

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Golf:

A once-renowned country club closes abruptly
(DBN)

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Taxis:

Martha Stewart Just Ripped Her Expensive Uber A New One
(DBN)

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Healthcare:

Google 'fueling hypochondria'
(DBN)

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Paper Products:

Brentwood company may turn to bankruptcy proceedings
(DBN)

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Food/Beverage:

Tops exits bankruptcy
(DBN)

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Bicycles:

Bike business of new US Rep's spouse files for bankruptcy Performance Bicycle to close stores after its parent company goes bankrupt 2 years after acquisition, Chapel Hill bike retailer files for bankruptcy, plans store closures
(DBN)

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Debt Collection:

American Bar Association: exempt lawyers from FDCPA
(DBN)

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UK:

Fidelity fund-management star foresees big year for U.K. stocks even against Brexit backdrop
(DBN)

Bank of England Backs Brexit Deal Nearly half of global CFOs expect either a no-deal Brexit — or simply don't know what to think
(DBN)

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MENA:

Germany ends arm sales to Saudi Arabia over Khashoggi killing Germany: Travel, Arms Ban for Saudi Arabia Why the Khashoggi crisis could finally start to affect oil prices UK foreign office says it's exploring a 'sanctions regime' with the EU against Saudi Arabia Saudi foreign minister says CIA assessment on Khashoggi murder is false Members of Saudi royal family reportedly sour on MBS
(DBN)

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Venezuela:

Murder rate soars in Venezuela, forcing population to take extreme precautions to stay alive amid food and medicine shortages
(DBN)

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India:

How Birla's win in the battle for Binani reshapes India's bankruptcy focus
(DBN)

Developments In Insolvency Law - October 2018
(DBN)

Essar Steel Insolvency Saga.
(DBN)

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