November 29, 2018

The Daily Bankruptcy News

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Law:

Prominent Firm Decides To Raise Associate Salaries During Bonus Season
(DBN)

Only 57 percent of new partners are satisfied with pay; they may earn less than senior associates
(DBN)

Sidley Bows to Pressure on Mandatory Arbitration as DLA Piper Digs In
(DBN)

Big Law's Trojan Horse: Are the Big Four Preparing an Invasion?
(DBN)

Women General Counsel Make $125K Less Than Male Colleagues
(DBN)

Fried Frank Joins Wave of Law Firms Boosting Parental Leave
(DBN)

Managing Legal Operations: Potential Pitfalls and Key Solutions
(DBN)

Boies Schiller Founders Pass the Torch to New Management Committee
(DBN)

6 Law Firms That Became Software Developers This Fall
(DBN)

FYI Lawyers: The Worse Your Mental Health, The More Likely It Is You’ll Commit Malpractice Another Hazard of Poor Attorney Mental Health: Malpractice Risk
(DBN)

Law School Grades (Like Most Things In Life) Are Pretty Random
(DBN)

Lawyers are generally free to represent clients paying with crowdfunding, DC bar ethics opinion says
(DBN)

Former Pennsylvania attorney general must report to jail after state high court turns down appeal
(DBN)

Trump retweets meme suggesting deputy AG Rod Rosenstein committed treason amid wild Twitter spree GOP, Democratic senators team up to push for vote on a bill protecting special counsel Mueller Vote on Mueller protection bill blocked by Senate Republicans Giuliani confirms Trump and Jerome Corsi have joint defense agreement Jerome Corsi says Roger Stone sought to cover up Podesta tweet Let’s Take A Closer Look At Purported Attorney General Matthew Whitaker’s Super Sketchy Finances Papadopoulos’s Russia Ties Continue to Intrigue the FBI Trump told Mueller he wasn't tipped to WikiLeaks, Trump Tower meeting on Clinton dirt Is Manafort Angling For a Pardon? Trump says a pardon for former campaign chief Paul Manafort is 'not off the table' Rudy's Bizarre Bragging on Trump-Manafort Manafort lied about business and Ukraine dealings, Mueller’s investigators believe Ex-Prosecutor: Trump-Manafort a Mafia Case Two key answers from Trump to Mueller Schiff says Trump’s written responses to Mueller are not adequate Mueller asked Trump about 2016 RNC platform change regarding Ukraine Mueller's team investigating candidate Trump's late-night calls to mentor Stone
(DBN)

Unauthorized immigrant population in the U.S. reaches 10-year low Migrants in Tijuana Regret the Caravan: ‘I’m Done With the United States’ FactCheck: "Tear gas was used on average once a month during the Obama administration for very similar circumstances." Cliven Bundy Rebukes Trump on Migrants As Conditions Worsen, Some Caravan Migrants Seek to Go Back Home
(DBN)

How a future Trump Cabinet member gave a serial abuser the deal of a lifetime Cops worked to put serial abuser in prison. Prosecutors worked to cut him a break
(DBN)

Alexa On The Witness Stand Is Going To Be Killer For Privacy
(DBN)

What Really Happened to Natalie Wood?
(DBN)

Stormy: I Was Against Defamation Lawsuit
(DBN)

78-year-old man may be most prolific serial killer in US history
(DBN)

16 U.S. Postal workers took bribes to deliver cocaine in Atlanta
(DBN)

Alleged assault by Les Moonves, ex-CEO of CBS, described in new report 'If Bobbie Talks, I'm Finished': How Moonves Tried to Silence Accuser
(DBN)

The Lawsuit That’s Claiming a Constitutional Right to Education
(DBN)

Woman Crashes On Highway -- While Watching Netflix
(DBN)

'Cancel the Proceedings': This Email Was Any Defense Lawyer's Worst Nightmare
(DBN)

Forfeit a $42,000 Land Rover for a minor drug offense? Supreme Court appears skeptical of state punishments 227 Years Later, 'Excessive Fines' Ban Could Reach States Former heroin addict looks poised to win a Supreme Court battle over fines that weigh on the poor while pumping revenue into states and cities Argument analysis: Court appears ready to rule that Constitution’s bar on excessive fines applies to the states IN: Seizing Cars for Breaking Speed Limit?
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Judges:

BK SD GA: Latest Edition of the Southern Scoop Newsletter
(DBN)

DC Cir. Chief Judges Announce Adoption of Workplace Conduct Policies
(DBN)

Controversial Trump judicial nominee survives key Senate vote Controversial Judicial Nominee From Ogletree Advances to Floor Vote
(DBN)

Grassley cancels hearings on Trump judicial nominees amid Flake standoff
(DBN)

Anthony Kennedy Walks Through His Secret Retirement Plans
(DBN)


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Wall Street:

US futures seen pulling back, after Dow notched strong triple-digit gain on Wednesday
(DBN)

Dow surges 600 points, biggest rally in eight months, after Powell signals rates are near neutral
(DBN)

Did Fed’s Powell ‘light the fuse’ for a year-end stock-market rally?
(DBN)

‘Fearless Girl’ statue moving to new home on Wall Street
(DBN)

Bull run finale for global stocks not far off now
(DBN)

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Layoffs:

Refinitiv cuts 2,000 jobs
(DBN)

Q-Edge to lay off roughly 155
(DBN)

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Personal Finance:

Debt: A Love Story
(DBN)

12 clever ways to save money every day, according to financial experts
(DBN)

Why does the early-retirement movement have so many haters?
(DBN)

These simple money hacks will cut your holiday shopping budget by a third
(DBN)

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Politics:

Trump appears to accuse Rosenstein of treason in tweeted meme
(DBN)

Alexandria Ocasio-Cortez has as much social media clout as her fellow freshman Democrats . . . combined
(DBN)

Trump's behavior toward military 'disturbing': Retired Gen. McChrystal
(DBN)

Nancy Pelosi nominated to be speaker of the House
(DBN)

Why Trump Can’t Stop Talking to the Press
(DBN)

Trump: New Pompeo Aide is a Big Loser
(DBN)

Trump threatens to declassify Russia documents to hit back at House Democrats
(DBN)

The all-Republican government will end as it began under Trump, in disarray
(DBN)

'Good Guy with a Gun' Just Can't be Black
(DBN)

Texas County GOP Leaders Want To Oust Vice Chairman Because He’s Muslim
(DBN)

Ivanka: Lock Her Up Doesn't Apply to Me
(DBN)

Can a 27-Year-Old Political Neophyte Run the Largest County in Texas?
(DBN)

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Auto Racing:

Bondurant Racing School Is Back Open For Now As It Reorganizes Under Chapter 11
(DBN)

Lawyer’s Racing Hobby Keeps Family Life on Track
(DBN)

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Climate:

White House Dismantling US Climate Efforts
(DBN)

Rising sea levels could cost the U.S. trillions
(DBN)

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Gambling:

Company closing second casino in Mississippi's Tunica County
(DBN)

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Conglomerates:

The $15 billion money pit dragging GE down
(DBN)

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Fraud:

Looking back at the rise and fall of Enron
(DBN)

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Food/Beverage:

These 15 Struggling Restaurants Might not Survive 2019
(DBN)

50% FISK-owned shrimp plant given extension on bankruptcy talks
(DBN)

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Economy:

Fed warns that a 'particularly large' plunge in market prices is possible if risks materialize Stocks rip higher, Dow surges 450 points after Fed Chair Powell signals rates are near neutral Treasury yields pull back from session highs as investors see ‘dovish shift’ by Fed’s Powell Dollar gauge turns negative as Powell says Fed's interest rates are 'just below' neutral rate Cramer: 'Powell blinked' on rates — 'very big change in view' from the Fed chief After Powell comments, traders see just one rate hike next year Why economists insist Powell wasn’t as dovish as market thinks
(DBN)

Risky corporate debt among top US threats flagged by Fed
(DBN)

US dollar will weaken through 2020 as investors find better returns elsewhere, Morgan Stanley says
(DBN)

Trump cannot fire Fed Chairman Powell: Morgan Stanley
(DBN)

Fed Minutes to Reveal How Officials View Economy and Potential Risks
(DBN)

The Most Important Statement In Fed Chairman Powell's Speech
(DBN)

Fed flags concerns over corporate debt in first-ever financial stability report Fed Chair Powell: The Federal Reserve's Framework for Monitoring Financial Stability
(DBN)

Mnuchin reportedly asked around to see if there are alternatives to Fed rate hikes
(DBN)

Richmond Fed: "Fifth District Manufacturing Activity Grew Moderately in November"
(DBN)

Trump might have renominated Yellen for Fed chair if she wasn't so... short??
(DBN)

Cramer: Trump is 'rattled' and beginning to realize there are 'cracks' in the economy
(DBN)

Global Economy May Be Slowing More Than Expected, Lagarde Says
(DBN)

For Economy, Storm Clouds on Horizon
(DBN)

Trump says auto tariffs 'being studied' after GM restructuring announcement Trump’s trade war hammers the Midwest. It’s a good thing Ohio isn’t a key to winning presidential elections The American Casualties of Trump’s Trade War US manufacturers say Trump tariffs will bring higher prices, not more jobs ‘Bring Me Tariffs’—How Trump and Xi Drove Their Countries to the Brink of a Trade War Trump could reportedly seek trade truce with China at G-20 despite tough rhetoric US criticizes China's 'egregious' tariffs on American cars ahead of G-20 summit Penny for your corn? Stingy trade-war aid irks US farmers BMW executive says China tariffs haven't hurt US-made SUV sales one bit U.S.-China showdown expected at the G-20 meeting this weekend Trade tensions won't just 'go away' because of G-20 meeting, says Citi Trump's Options Leading Up to Talks With Xi US and China are 'two big animals learning to co-exist,' says Morgan Stanley Trade face-off: What Trump and Xi want from their G-20 talks U.S. Tariffs Spark Flood of Steel Exports to Europe
(DBN)

A battle over Trump's border wall could shut down major parts of the government US barrels toward government shutdown as Trump demands border wall money Here’s how a looming government shutdown could affect federal services — and stocks
(DBN)

US third-quarter GDP growth unrevised at 3.5% Economy grew 3.5% in third quarter, pushes corporate profits to 6-year high, GDP shows
(DBN)

How overparenting in America has created a generation of snowflakes
(DBN)

Vast majority of millennials don't expect Social Security to be there
(DBN)

Good jobs and affordable homes: millennials should look to these cities
(DBN)

Girls Are Only Making 49 Cents on the Dollar A new study suggests women earn about half what men earn
(DBN)

Poll: Women are more pessimistic about economy than men
(DBN)

Economic Crisis is Over. Populism Won
(DBN)

Non-bank lenders like Quicken Loans are 'the biggest risk to the system' right now, Jim Cramer warns
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
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Real Estate:

US new home sales tumble 8.9% in October, dropping to more than 2½-year low New-home sales fall to a nearly three-year low; inventory surges as housing-market outlook darkens New Home Sales decrease to 544,000 Annual Rate in October A few Comments on October New Home Sales
(DBN)

OK, Computer: How Much Is My House Worth?
(DBN)

Mortgage Bankers Association expects more millennials to buy houses
(DBN)

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Municipalities:

Unsecured Puerto Rico creditors seek discovery on avoidance actions
(DBN)

Fiscal board certifies amended Cofina adjustment plan
(DBN)

Emails Expose Federal Gov’t Influence Over Puerto Rico’s Fiscal Board
(DBN)

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Oil/Gas:

Tensions ratcheting up in San Antonio oil company's bankruptcy
(DBN)

Expect a 'Saudi First' policy on oil production cuts, regardless of Trump's demands, analysts say
(DBN)

Oil falls below $50 for the first time in a year, heads for biggest monthly slide since 2008 Oil Rises Above $50 on Report Russia Willing to Join OPEC Cut
(DBN)

Falling Crude Prices Test Big Oil's New Financial Discipline
(DBN)

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Retailing:

Eddie Lampert's ESL Investments reportedly partnering with Cyrus Capital Partners in Sears bid For Sears, total liquidation is among options being weighed
(DBN)

5 retailer tricks to avoid this holiday shopping season
(DBN)

The Last Christmas? Maybe For Sears, Kmart, Lord & Taylor And Penney...And Who Else?
(DBN)

Was it greed or growth that brought down Mattress Firm?
(DBN)

Gymboree Considers Closing Half Its Stores
(DBN)

How a frenzied expansion brought down America’s No. 1 mattress seller
(DBN)

Why Amazon Could Buy Barnes & Noble
(DBN)

These Retailers Went Bankrupt in 2018 — Here’s What Happened Next
(DBN)

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Guns:

Firearms Industry Appears Stuck in the Doldrums
(DBN)

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Student Debt:

Court Eliminates Debt of Former ITT Tech Students
(DBN)

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Awards:

Who's Who: Restructuring & Insolvency 2019
(DBN)

TMA Announces Winners of the 2018 Turnaround and Transaction Awards
(DBN)

Gordon Brothers CEO to be Inducted Fellow at American College of Bankruptcy
(DBN)

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Banking:

Deutsche Bank raided over money-laundering probe
(DBN)

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Bankruptcy Crimes:

Ex-president of bankrupt San Antonio-area company facing criminal charge
(DBN)

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Religion:

Authorities search Archdiocese of Galveston-Houston for records relating to accused priest
(DBN)

The ‘Satanic Evil’ of Child Abuse in the Catholic Church
(DBN)

Crystal Cathedral, home to the ‘Hour of Power,’ transforms into Catholic seat
(DBN)

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Biofuels:

EPA Biofuel Waiver Program on Hold
(DBN)

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Education:

Lawsuit settled over bankrupt St. Gregory’s University
(DBN)

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Aviation:

Helicopter-leasing company Waypoint files for Chapter 11
(DBN)

Lufthansa CEO still sees too many airlines in Europe
(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 (12 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (22 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 Rules:

Amendments to Bankruptcy Rules and Forms Effective December 1, 2018
(DBN)

Amendments To The Federal Rules Of Bankruptcy Procedure Take Effect December 1, 2018
(DBN)

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Bankruptcy Policy:

Bankruptcy Hardball
(DBN)

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Involuntary Bankruptcy:

SDNY Dismisses Involuntary Bankruptcy Petition against Non-Recourse Vehicle
(DBN)

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Miscellaneous:

15 Years Of Pivotal Credit Market Events & Influencers
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Arbitration:

Lack of Black Arbitrators Discriminatory, Jay-Z Says in New Filing Jay-Z, Quinn Emanuel Say AAA Offers Only 'Token' Black Arbitrators
(DBN)

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Claim Allowance:

Disallowed Claims: Just Because a Claim Is Rejected Does Not Mean the Underlying Lien Disappears
(DBN)

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Tech:

The most explosive moments from Facebook's hearing, where furious lawmakers tore into 'frat-boy billionaire' Mark Zuckerberg Facebook and Russia: U.K. Seizes ‘Thousands’ of Emails
(DBN)

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Autos:

Here's the buyout GM offered before announcing 14,000 job cuts
(DBN)

General Motors Is Moving On
(DBN)

G.M., Not Trump, Is the Real Villain to Some Ohio Factory Workers
(DBN)

The GM quandary: What's good for the business is bad optics
(DBN)

GM and Trump are dancing in a tangled, bureaucratic web that's nothing like free enterprise
(DBN)

Look for auto prices to go higher as US-China trade friction drags on, says Morgan Stanley
(DBN)

Trump's Rage at GM is Again Unhelpful Trump is Wrong on the GM Bailout Trump Says General Motors Should Pay Back Bankruptcy Aid, Proposes More Tariffs
(DBN)

GM's layoffs are painful, but its new plan could do something everyone should root for
(DBN)

Trump drains Wall Street's enthusiasm for GM's production overhaul
(DBN)

Does A Company As Big As GM Have A Responsibility To The Nation Or Just The Shareholders?
(DBN)

A Triple Threat to Automakers: Recession, Demographics and Disruption
(DBN)

Former Treasury Secretary Summers warns GM against 'big executive bonuses' in the face of layoffs
(DBN)

Ford cuts shifts at factories in Kentucky and Michigan, but keeps jobs
(DBN)

Seeds of Renault-Nissan crisis sown in Macron's 'raid' Auditors Asked Nissan About Ghosn Homes Get Paid Well But Don’t Let It Show? Nissan Probe Reveals Contours of Ghosn Case
(DBN)

Elon Musk Said Tesla Was 'Single-Digit Weeks' From Death -- Where Are The Disclosures?
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Healthcare:

Judge reopens Forest Park bankruptcy to investigate contempt of party
(DBN)

Electric scooters are now disrupting wrists, elbows and heads 90-year-old woman dies in collision with electric scooter
(DBN)

US Suicides Hit 50 Year High
(DBN)

Americans Are Dying Even Younger US life expectancy drops again as opioid deaths and suicide rates rise
(DBN)

Gene editing moves into a frightening new stage
(DBN)

The concerns surrounding Acadia Healthcare
(DBN)

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Festivals:

Maifest, Goettafest organizer declares bankruptcy
(DBN)

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Travel:

Inside the Marriott-Starwood Loyalty Program Turbulence
(DBN)

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Cryptocurrency:

Bitcoin soars 15%, drags market value for all cryptocurrencies up $20 billion
(DBN)

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Celebs:

The Weird, Wild and Tragically Short Life of Anna Nicole Smith
(DBN)

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UK:

Bank of England: U.K. GDP 7.75%-10.5% lower by end-2023 versus trend in no-deal Brexit scenario The Mistakes That Led to Brexit UK Study: Brexit Hurts No Matter What UK Economy and Wages Will Shrink UK's largest housebuilder calls on lawmakers to move forward with Brexit and stop the uncertainty
(DBN)

A Convergence of Insolvency Regimes – Europe in the Brexit Era
(DBN)

Katie Price turns to MoneySavingExpert's Martin Lewis for financial help before 'bankruptcy' Katie Price blames her exes for financial ruin as she declares herself bankrupt
(DBN)

Gourmet Burger Kitchen shuts 10 restaurants in first wave of closures
(DBN)

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PIIGS:

Folli Follie has its properties frozen
(DBN)

Transport disruptions hit Greece as union protests cutbacks
(DBN)

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Canada:

GM plant closure shocks city that was Canada's automotive capital
(DBN)

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Ukraine:

Russia is moving advanced missiles into Crimea as Ukraine warns it's under threat of a 'full-scale war'
(DBN)

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Switzerland:

Swiss economy mirrors weakness in eurozone
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MENA:

In rebuke to Trump, Senate votes to consider ending U.S. involvement in Yemen war GOP senators' changing stance on Saudi Arabia
(DBN)

Abraaj founder Naqvi pitches last-ditch rescue bid to investors
(DBN)

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Nigeria:

Restructuring & Insolvency In Nigeria
(DBN)

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China:

Gionee on verge of bankruptcy as chairman loses $144m at casino
(DBN)

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