November 28, 2018

The Daily Bankruptcy News

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Law:

First Magic Circle Firm Matches Associate Bonuses • Biglaw Bonus Announcements Are Coming In Like Magic
(DBN)

New Corporate Bankruptcies Leave Big Law Firms Holding the Bag
(DBN)

Six Partners and Counsel Elected in Weil’s Global Business Finance & Restructuring Practice
(DBN)

Biglaw Firm Raided By Authorities For Second Time In Connection With Financial Scandal
(DBN)

Not Everyone Cheers Kirkland's Move to End Associate Arbitration Policy
(DBN)

Law Departments' Legal Spend Up After Years of Flat Increases: Survey
(DBN)

ACC Survey Finds Most GCs Come from In-House, Earn an Average $400,000+
(DBN)

Specialization Presents a Difficult Decision for Young Lawyers
(DBN)

Associates At Cravath Make More Money Than Partners At A Dozen Biglaw Firms
(DBN)

KPMG aims to employ 3,000 lawyers within the next few years
(DBN)

KPMG Women Seek Class Status in Bias Lawsuit
(DBN)

Fox Rothschild Overseeing 'High-Tech Shakedown' for P--- Client, Judge Says
(DBN)

The Thanksgiving Break Cast
(DBN)

No, You Can’t Go To Law School Here
(DBN)

The Recordable Hour: Don’t Stop Believing
(DBN)

Attention Legal Industry Decision-Makers: Before You Spend On Legal Tech, Read This!
(DBN)

Facebook group becomes Texas’ largest volunteer bar association; can lawyers use advice ethically?
(DBN)

Your messy desk is making you look lazy and neurotic
(DBN)

Manafort held secret talks with Assange in Ecuadorian embassy, sources say • Manafort reportedly met with WikiLeaks’ Assange around time he joined the Trump campaign • What Was Paul Manafort Thinking? • Manafort Gave Trump Updates on Mueller • NYT: Manafort attorney discussed Mueller investigation with Trump lawyers • Ex-Trump campaign boss Manafort strongly denies Guardian report he met with WikiLeaks' Assange • Is It Possible Mueller Has Used Manafort To Entrap Trump? • Mueller investigating 2017 meeting between Manafort and Ecuador's President • White House on Manafort: Trump did nothing wrong • Trump suggests he has inside info on Russia probe, hours after Mueller said Manafort broke plea deal • The breakdown of Manafort's plea deal means Mueller suspects he told big lies, experts say • Paul Manafort's alleged lies send DC into frenzy of Mueller investigation Kremlinology • Mueller has emails from Jerome Corsi about WikiLeaks email dump • Here’s why ‘Whitaker won’t be able to suppress’ Robert Mueller’s report after Manafort proceedings: Intel analyst • Jerome Corsi Says He Has Joint Defense Agreement With Trump, Received Limited Immunity From Mueller • Tucker Carlson: For the crime of forgetting, Jerome Corsi is facing bankruptcy and imprisonment • Mueller has emails from Stone pal Corsi about WikiLeaks Dem email dump • Robert Mueller's Russia probe looks like it's speeding up, and could lead to big indictments soon • Signs point to an acceleration of Mueller's endgame
(DBN)

DOJ to Judges: Hands Off Whitaker • Comey on Whitaker: Not the Sharpest Knife
(DBN)

US judge delays ruling on 'interesting' Julian Assange case • Judge delays decision on unsealing Assange charges
(DBN)

Judge rules that Trump is not breaking the law by using the presidency to attract customers to his Washington hotel
(DBN)

Trump administration spending more on border troops than new immigration judges • Akin Gump increases pro bono commitment for border cases • Everything You Know About Illegal Immigration is Wrong • Illegal immigration to U.S. fell to lowest in more than a decade in 2016 • Sinclair TV: Defends Use of Tear Gas on Kids • ABA president calls for improvements to immigration system, conditions of detention • Trump vs. Obama on Border Control • Border Wall Could Cause Deadly Flooding in Texas • Mexico Deports 100 Who Tried to Cross Border • Trump's 3 immigration wars • Trump's desert camp for migrant teens • More clashes, shutdowns expected at border • What the “lethal force” authorization means at the border • We asked 7 senators how Congress should respond to the tear-gassing of children at the border • One potential means of easing the border crisis between the U.S. and Mexico comes from an unlikely place: Medicare regulations • U.S. Unauthorized Immigrant Total Dips to Lowest Level in a Decade
(DBN)

Does your client need fee financing? New ABA ethics opinion provides guidance
(DBN)

Woman passes gas in store, then pulls knife on offended customer
(DBN)

Cops: Man stabbed woman with fork over under-cooked baked potato
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Judges:

Federal Clerkship Academy Is Back, This Time Without Loyalty Pledge
(DBN)

Celebrate Hanukkah With These 8 Ruth Bader Ginsburg-Inspired Presents
(DBN)

Trump Judicial Nominee in Peril of Defeat
(DBN)

Chief Justice Roberts Gets Vivid When He Writes About the Wild
(DBN)

Judge Judy highest paid TV host, earned $147 million last year
(DBN)

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Wall Street:

Wall Street set for an upbeat open as Fed Chair speech looms; trade in focus • Stock-index futures point to gains ahead of speech by Fed chief Powell
(DBN)

Stocks recover amid hope for US-China trade talks • Dow and S&P 500 rise on hopes for a US-China trade truce
(DBN)

Stock selloff is only half-done and final leg will come in 2019, warns Morgan Stanley
(DBN)

Hedge-fund veteran who called recent rout says selling is just getting started
(DBN)

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Layoffs:

AFL-CIO worries GM job cuts are a 'smokescreen for offshoring'
(DBN)

Hooper Holmes exec: Layoffs will end by Dec. 31, when bankrupt company ceases to exist
(DBN)

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Politics:

Trump Brags: 'i Blow Ronald Reagan Away'
(DBN)

Nooses Left on Mississippi State Capitol • GOP Sen. Hyde-Smith projected to win Mississippi Senate election roiled by 'public hanging' comment
(DBN)

'Just kidding': Trump takes aim at Broward County official and fires off a late-night Twitter meme
(DBN)

Trump: 'I can't imagine anybody else' other than myself for Time Person of the Year
(DBN)

Foreign Dark Money Is Threatening American Democracy
(DBN)

Comey to GOP on Trump tweets: "Why are your heads not exploding now?"
(DBN)

CNN Fact Checks Sanders in Real Time
(DBN)

Few lines at polls as Mississippi votes in US Senate runoff
(DBN)

Ivanka Trump defends private email use: "No equivalency" to Clinton
(DBN)

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Motorcycles:

10-time champion World Superbike team Ten Kate Racing declared bankrupt
(DBN)

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Pensions:

Lawsuit filed to recoup Appvion employees’ lost retirement money
(DBN)

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Celebs:

No Relief For Broke Dina Lohan! Trustee Begs Judge To Dismiss Bankruptcy Case
(DBN)

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Student Debt:

How You Can Get Your Student Loans Discharged In Bankruptcy
(DBN)

Rising student loan debt a “crisis,” DeVos says
(DBN)

Student Loan Payback Tougher as Borrowers Age
(DBN)

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Corporate Governance:

Corporations, Directors, and Officers: Potential Criminal and Civil Liability
(DBN)

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Furniture:

Heritage Home Group to sell its High Point headquarters for $4M
(DBN)

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Conglomerates:

One of America's Last Industrial Conglomerates is Breaking Up
(DBN)

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Economy:

Here's what to expect from Fed Chief Powell's most important speech yet • Big questions ahead for Fed as banking evolves, regional officials agree • Fed’s Clarida says he wants more interest-rate hikes — but not how many • Fed talk is changing so quickly that markets may soon expect a ‘Powell put,’ El-Erian says
(DBN)

Trump attacks Fed Chairman Powell: 'I'm not even a little bit happy with my selection of Jay'
(DBN)

Here’s why Trump should like at least one of his Fed appointments
(DBN)

Here’s why the stock market’s ‘Red October’ raises the odds of a recession
(DBN)

Kudlow: White House and China are holding trade talks 'at all levels' ahead of Trump-Xi meeting • Lost jobs, shrinking growth, and rotting crops — here are all the ways Trump’s trade war is hurting America • US-China 'economic cold war' could turn stock sell-off into bear market, says BTIG's Emanuel • Larry Kudlow says China ‘ought to’ take Trump seriously, voices skepticism over trade deal • Trump open to China trade agreement but will proceed with tariffs if no deal reached: Kudlow • Kudlow on Trump's China meeting: "We're strong, they're not" • A Wall Street Journal interview on trade shows Trump has no idea what he’s doing • US-China trade war is political and short term, says Chinese private equity fund • The 'biggest loser' in the trade war is the US, says Hong Kong property tycoon • Stock markets jump after a key Trump advisor says there's a 'good possibility' of a China trade deal
(DBN)

Morgan Stanley: The next credit crunch could trigger a financial crisis more painful than the last — and companies are only making it worse
(DBN)

House GOP Unveils Another Giant Tax Bill
(DBN)

"The Best Spot in the Office Is a Phone Booth—If You Can Get Into One"
(DBN)

Economic Piety Is a Crisis for Workers
(DBN)

Trump "totally" willing to shut down government over border wall fight
(DBN)

US Debt Clock
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World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

House price growth slows to nearly two-year low as Case-Shiller makes the slowdown official • Case-Shiller: National House Price Index increased 5.5% year-over-year in September • Case-Shiller: Home prices can't seem to get ahead
(DBN)

Metro Seattle home prices falling at fastest rate in U.S.
(DBN)

Weekly mortgage applications rise 5.5% as homebuyers edge back in • MBA: Mortgage Applications Increased in Latest Weekly Survey
(DBN)

Why 2019 won’t lead to a home buyer’s market
(DBN)

First American: Home prices point to trouble ahead
(DBN)

Real House Prices and Price-to-Rent Ratio in September
(DBN)

National Mortgage Delinquency Rate Decreased in October
(DBN)

Apartments are getting smaller – but renters are paying more
(DBN)

Don't spend more than this on housing, warns money expert
(DBN)

Home prices have surged — and so will the government’s share of mortgages
(DBN)

District Court Stays Case Pending U.S. Supreme Court’s Decision in Obduskey v. Wells Fargo
(DBN)

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Municipalities:

Puerto Rico Scammed by FEMA Contractors
(DBN)

Puerto Rico Set to Reduce Development Bank's Debt
(DBN)

This Small New England City Was on the Verge of Bankruptcy. Now It’s a Turnaround Success Story.
(DBN)

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Oil/Gas:

Oil prices fall toward 2018 lows ahead of G-20 and OPEC meetings • API data reportedly show a more than 3 million-barrel rise in U.S. crude supplies •
(DBN)

Plunging oil prices create winners and losers in emerging markets • Oil prices churn as U.S. inventory climb expected
(DBN)

Now that the stock market is down, Trump wants to take credit for oil prices
(DBN)

Fred. Olsen Energy restructuring plans hampered by potential rig buyer exit
(DBN)

New Delaware Chapter 11 Filing – Fairway Energy, LP
(DBN)

Shell: EV Demand To Grow Regardless Of Oil Prices
(DBN)

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Autos:

Trump threatens to slash GM subsidies after the automaker announced layoffs, factory closings • Ex-GM CEO: Factory closures are decided by the consumer, not the White House • Trump's views on the US auto industry are childish and intended only to rally his supporters • GM Downsizing: A Future with Fewer Cars • Trump Has the GM Problem Backward • White House adviser says Trump may announce GM shutdown consequences • Trump's threat to cut GM's electric-car subsidies is completely meaningless • Trump threatens to strip GM of a tax credit it's about to lose anyway • Larry Kudlow says Trump feels betrayed by General Motors • GM takes painful measures to avoid another near-death experience • The economic message behind GM's restructuring • GM breaks from tradition with new, untested path under CEO Mary Barra • Why GM can't rely on China this time • GM shares fall after Trump threatens to cut subsidies for company as retaliation for layoffs • The dramatic chart behind GM’s job slashing • Canada, US Urged to Fight GM Plant Closings
(DBN)

GM plan is good for GM—and it could shake up things at Tesla and Ford too • General Motors' restructuring plan ensures it'll be a 'winner in Auto 2.0' Morgan Stanley says
(DBN)

GM's factory closings cast pall over finances of towns
(DBN)

BMW is considering second US manufacturing plant, says executive
(DBN)

Trump Auto Tariffs are Coming
(DBN)

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Food/Beverage:

How Mike Isabella’s Restaurant Empire Came Crashing Down
(DBN)

Papa John's is plunging after report says private-equity firm is no longer interested
(DBN)

Chicago buyer interested in Death's Door Spirits
(DBN)

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Pharma:

Trump Medicare plan cuts prescription prices, but risks losing coverage of some cancer, HIV drugs
(DBN)

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Religion:

Fourth Minnesota diocese plans to file for bankruptcy amid abuse claims
(DBN)

Buffalo priest aimed gun at teen during abuse, victim says
(DBN)

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Electricity:

Legislation aims to shield PG&E from fire liability: 'Bankruptcy is not an option'
(DBN)

PG&E up another 7%, continuing to recoup heavy losses following wildfire
(DBN)

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Soccer:

Barcelona bankruptcy claim as Joan Laporta prepares stunning comeback
(DBN)

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Healthcare:

Seattle cancer treatment center files for bankruptcy
(DBN)

Ph.D. candidates suffer from anxiety, depression, and suicidal ideation at astonishingly high rates.
(DBN)

Poll: Republican voters don’t want to tackle health care
(DBN)

Anthem among health insurers refusing to pay ER bills, doctors say
(DBN)

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Travel:

Lion Air Crash: Pilots Struggled for Control
(DBN)

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Fraud:

DOJ unseals charges in alleged massive online ad fraud
(DBN)

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Aviation:

Summary: New Chapter 11 Filing - Waypoint Leasing Holdings Ltd.
(DBN)

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New Bankruptcy Opinions
(5 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 (8 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:

Farm bankruptcies surpass Great Recession levels in upper Midwest • US farms are going bankrupt at an alarming rate. Trump’s trade war is partially to blame • Farm Bankruptcies Are on the Rise, and Trump’s Trade War Isn’t Helping
(DBN)

Farm bankruptcies drop despite challenging times
(DBN)

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Third Party Release:

Hot Issues in the Ongoing Third Party Release Debates
(DBN)

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Litigation:

Five Predictions for Litigation Finance in 2019
(DBN)

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Mediation:

Filing Bankruptcy to Reject a Mediated Settlement Agreement: Will it Work?
(DBN)

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Retailing:

Retail Bankruptcies: Threading the Needle in a Tattered Industry
(DBN)

Sears secures court approval for additional $350 mln loan • Sears Gets OK For $2B In DIP Financing
(DBN)

Cyrus Becomes Sears Bankruptcy Lender After Cutting a Deal In Courthouse Hallway
(DBN)

Francesca's Sales Down, Contemplates Store Closings
(DBN)

Kids clothing retailer Gymboree weighs closing half its stores
(DBN)

U.S. court revives Mattress Firm defamation case against Sleep Number
(DBN)

Amazon, Mass Merchants Win on Black Friday; Malls and Guns Lose
(DBN)

Retailers extend Cyber Monday deals after website problems
(DBN)

Opening on Thanksgiving hurts retailers more than it helps
(DBN)

Slowly but surely, the Amazon Prime backlash is coming
(DBN)

Washington Prime Group: Candy Cane Or Sucker?
(DBN)

Tiffany's stock sinks as net and same-store sales rise less than expected
(DBN)

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Student Debt:

34,000 people have applied for student loan forgiveness. 26 have been approved
(DBN)

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Consumer Finance:

Online lenders are charging minority borrowers more, study concludes
(DBN)

A New Kind of Lender Secretly Tracks Your Car to Make Sure You Pay Up
(DBN)

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Tech:

Apple is having its worst month since the 2008 financial crisis
(DBN)

Facebook Stock Has Fallen 40% on Scandals • Facebook, minus Zuckerberg, faces global lashing for inability to protect data, stop fake news
(DBN)

"Tech Crash Echo": It's Beginning To Feel A Bit Like 2000
(DBN)

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Non-Profits:

NRA reports $55 million loss with heavy declines in membership dues
(DBN)

Some professional fundraisers have pocketed up to 59% of people’s charitable donations
(DBN)

MainStrasse Village Association files for Chapter 7 bankruptcy
(DBN)

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Climate:

BK CD CA: Information for Those Affected by the Recent California Wildfires
(DBN)

Emotional photos show how survivors are coping after their harrowing escapes from the Camp Fire in Chico, California
(DBN)

California's privileged are hiring private fire crews to save their homes. Regular firefighters aren't happy about it
(DBN)

Trump dismisses the economic impact of climate change — except at his golf course
(DBN)

Drilling on Public Land 24% of CO2 Emissions
(DBN)

Major storm to bring snow and rain to West Coast
(DBN)

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Personal Finance:

Why $1 million won’t be enough for most of you to retire
(DBN)

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Education:

House Democrats gear up to take on DeVos
(DBN)

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UK:

Why Brexit is tearing the United Kingdom apart • The UK government admits Brexit will inevitably leave Britain poorer • What if the U.K. parliament rejects May’s Brexit deal? Here are 4 scenarios
(DBN)

Katie Price 'declares herself bankrupt and blames her EXES for financial ruin'
(DBN)

What’s happening at Dechert?
(DBN)

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PIIGS:

Greece was let down by high-profile advisers
(DBN)

Eurozone Warning: Brexit would be nothing compared to devastating Italy financial crisis
(DBN)

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Canada:

The Future of Canada's Auto Sector
(DBN)

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MENA:

John Bolton says he hasn’t listened to audio of Khashoggi killing because he doesn’t speak Arabic • Report: White House blocks CIA director from briefing Senate on Khashoggi • Fact-checking Donald Trump's statement on Saudi Arabia, Khashoggi murder • Jamal Khashoggi's editor at The Washington Post claims the White House is trying to 'cover up' for Crown Prince Mohammed bin Salman
(DBN)

Turkish Sarot Group files for bankruptcy
(DBN)

Saudi Arabia Struggles As Oil Prices Crash
(DBN)

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Ukraine:

Trump says he may cancel G20 meeting with Putin over clash with Ukraine • Russia is going to deploy new missile systems in Crimea • Russia would 'pay a huge price' if it invades us, Ukraine's president warns
(DBN)

Ukraine central bank declares Russian VTB subsidiary insolvent
(DBN)

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Kenya:

Kenya's strategic assets could be seized by China over pilling debts
(DBN)

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Australia:

Bankruptcy trustees and equitable interests
(DBN)

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Brazil:

Brazil’s Odebrecht weighs restructuring options as bondholders brace for losses
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