November 30, 2018

The Daily Bankruptcy News

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Law:

Add Another Firm To The Cravath Match List Biglaw Bonuses Come With Complete With Punitive Measures For Naughty Associates
(DBN)

David Boies Dishes On Firm’s Transition Strategy
(DBN)

More Biglaw Bonuses With Extra Cash For Big Billers
(DBN)

Reed Smith sued by trainee over bungled harassment probe
(DBN)

Another Biglaw Firm Expands Their Parental Leave With New Benefits
(DBN)

What In The World Can Be Done About Millennial Lawyers?
(DBN)

Attorneys OK To Accept Fees From Crowdfunding, DC Bar Says New Ethics Opinions Tackle Client Loans, Crowdfunding
(DBN)

Law Firm Brass Say Clients Won't Let The Billable Hour Die
(DBN)

Want To Leave Biglaw And Open Your Own Shop? Be Prepared To Accept A New Arrangement With Your Clients
(DBN)

Top 4 Billing Best Practices (Or How to Avoid Aggravating Your Clients And Litigating Fee Disputes)
(DBN)

Tennessee’s Duncan Law back in ‘substantial compliance’ with admissions standard
(DBN)

Axinn Strategy: Taking lawyers from large law firms where it's increasingly difficult to make partner
(DBN)w

Sidley Drops Arbitration Demand for Would-Be Associates
(DBN)

The Youngest Celebrity To Enroll At The Most Prestigious Law School
(DBN)

The Age of the Specialist Is Upon Us
(DBN)

Just how much is a young lawyer worth?
(DBN)

Michael Cohen reaches a new plea deal with Mueller and is expected to give dozens of hours of testimony that could damage Trump Trump, 'Individual 1,' is newly cast as center of special counsel's probe Michael Cohen Takes Mueller Inside the Trump Organization Three Remarkable Things About Michael Cohen's Plea Behind Cohen plea: Trump's longtime dream of a Moscow tower Trump’s former lawyer Michael Cohen pleads guilty to lying to Congress What does Michael Cohen’s plea deal mean for Trump: 9 legal experts 5 things we learned about the Russia investigation after Michael Cohen’s guilty plea Michael Cohen just complicated the president’s life Cohen's Disclosures Raise Serious Questions Michael Cohen Pleads Guilty to Charge in Mueller Investigation 6 takeaways from Michael Cohen’s new plea deal with Mueller Judge Napolitano Patiently Explains Michael Cohen’s Plea to Dismissive Fox News Hosts Trump accuses ex-lawyer Cohen of lying about Trump Tower deal in Moscow to get a reduced sentence Cohen, in Plea, Says Trump’s Moscow Plans Ran Well Into 2016 Trump calls lawyer Cohen ‘weak’ after Cohen admits to lying in Russia investigation Read Michael Cohen's guilty plea How the Mueller probe closed in on Michael Cohen Today We Settle All Mueller Family Business Jerome Corsi’s new story about WikiLeaks is really hard to buy Michael Cohen Admits Trump Tower-Moscow Talks Continued Well Into 2016 Campaign Trump's Ex-Tax Lawyer's Office Raided Ex-Trump Attorney Vows To Cooperate With Federal Raid Federal agents mysteriously raided a former Trump attorney’s office: what we know All of Robert Mueller’s indictments and plea deals in the Russia investigation so far Robert Mueller's Russia probe is red hot again after midterm election Michael Cohen’s plea agreement is bad news for Donald Trump Jr. Trump Family May Face Fallout From Latest Cohen Plea “A Pardon Is a Powerful Thing”: Legal Experts Try to Make Sense of Manafort’s Stupidity Paul Manafort Back in Court for Potential DC Sentencing Date Manafort Burned Bridges By Two-Timing Mueller Plea Deal Mueller appears laser-focused on Trump after release of new documents Report: Former Trump associates considered giving Putin $50M penthouse in Moscow Trump Tower Cohen Says Trump Remained Involved in Moscow Tower Project During Campaign Trump Tower Moscow Explained Trump: Secret Moscow Deal Wasn't a Secret
(DBN)

Matt Whitaker is a Constitutional Crisis Top Supreme Court lawyer: Whitaker appointment as acting AG has created a 'constitutional crisis' Nancy Pelosi wrong on legal debate over attorney general Matthew Whitaker
(DBN)

Trump’s lawyers were briefed on Manafort’s discussions with feds; are the conversations privileged?
(DBN)

Police raided Deutsche Bank's headquarters as part of a Panama Papers probe German police raid Deutsche Bank offices on money laundering allegations; shares fall 3% It’s Difficult To Hear Christian Sewing Brag About Deutsche Bank’s Rebirth What With All Those Police Sirens Blaring Outside Deutsche Bank HQ
(DBN)

Conditions are so dire at the US-Mexico border that migrants are getting sick and contracting lice and chicken pox A defendant shows up in immigration court by himself. He’s 6 US-Mexico Relationship to Get Weirder Handful of caravan migrants launch hunger strike at U.S. border One-third of migrants in caravan are being treated for health issues, Tijuana health official says Warnings grow over unsanitary conditions in Tijuana shelter
(DBN)

Criminal defense lawyer arrested for alleged threats against attorneys
(DBN)

Barrister fined after boasting he "b--------- another chambers dry"
(DBN)

Glamorous Solicitor 2018 - Round 1
(DBN)

Grindr: app's president says marriage is 'between man and woman'
(DBN)

'Stop this chaos:' Weinstein lawyer urges sex case dismissal
(DBN)

Unreasonable Doubts: An Interview With Reyna Marder Gentin, Appellate Attorney Turned Novelist
(DBN)

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Judges:

Court removes judge from child rape case, citing opinion sarcasm and ‘personal animus’
(DBN)

Combative Supreme Court Brief Gets Personal with Trump
(DBN)

The Long, Bitter Fight Over Thomas Farr Tim Scott will oppose controversial Trump nominee Not All Trump Court Nominees Get Confirmed: Thomas Farr Edition
(DBN)

NYC Bar Association Backs Independent Immigration Courts
(DBN)

Warning: Third-Party Services and Access to Documents in CM/ECF
(DBN)

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Wall Street:

Stocks set to open mixed as high-stakes G-20 puts trade in spotlight
(DBN)

Wall Street economists think the stock market misinterpreted Powell and big rally was overreaction
(DBN)

This 'elephant in the room' could slam stocks, Wall Street bear David Rosenberg warns
(DBN)

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Layoffs:

Bayer to Cut 12,000 Jobs, Shed Coppertone and Dr. Scholl Brands
(DBN)

Toys ‘R’ Us Workers Are Taking on the Hedge Funds They Say Cost Them Their Jobs
(DBN)

Inside a futuristic restaurant, where a robot has replaced the bartender
(DBN)

General Electric plans 147 layoffs for Jacksonville office
(DBN)

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Politics:

Why we stopped trusting elites
(DBN)

The Making of Elizabeth Warren
(DBN)

Trump's mockery of Obama for his response to Crimea backfires with a new Ukraine crisis
(DBN)

Mormons support GOP, but Trump approval lags
(DBN)

Trump says he will be 'very productive' at the G20 summit after report claimed he'd rather stay home
(DBN)

GOP cries foul after California thumping
(DBN)

Arizona Republican’s campaign postmortem contains bad news for Trump
(DBN)

Strongest Voting Fraud? Gerrymandering
(DBN)

New Hampshire Democrats invite rising star Beto O'Rourke to the crucial presidential primary state
(DBN)

After loss, MI GOP moves to dilute power of governor, AG, secretary of state
(DBN)

U.S. has little to show for stalled nuclear talks with North Korea
(DBN)

Trump's wealthiest Cabinet members earned millions in 2017
(DBN)

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Aviation:

Icelandair scraps plan to buy struggling rival WOW Air US budget airline veteran to buy stake in struggling WOW Air after Icelandair abandons deal
(DBN)

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Climate:

New report expected to boost push to make company climate-risk disclosures mandatory
(DBN)

Where the alarming economic damage stat in the new climate report came from
(DBN)

Past four years hottest on record, data shows
(DBN)

Search for dead in Paradise wildfire ends, with nearly 200 still missing
(DBN)

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Maritime:

Aegean Marine's unsecured creditors rally against bankruptcy loan
(DBN)

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Farming:

Senators reach a deal on the farm bill
(DBN)

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Economy:

Fed points to December rate hike but is worried about tariffs and debt Cramer: Fed's Powell made a 'rookie mistake' but is now doing the 'sensible thing' on rates Trader Jon Najarian: Powell didn't bow to Trump, Fed chief is reacting to slowing economic data President Trump Bashes the Fed. This Is How the Fed Chief Responds A star economist is touting 4 charts that show the Fed isn't as dovish as everyone thinks FOMC Minutes: "Further gradual increases"
(DBN)

Fed outlines potential risks for U.S. economy in first financial stability report Fed’s stability checkup downplays wobbly features
(DBN)

Personal Income increased 0.5% in October, Spending increased 0.6% US consumer spending surges, while underlying inflation slows Americans spend faster to die younger
(DBN)

Weekly Initial Unemployment Claims increased to 234,000 US weekly jobless claims rise to 6-month high
(DBN)

Millennials are killing countless industries — but the Fed says it's mostly just because they're poor
(DBN)

Putin says U.S. actions driving the world away from the dollar
(DBN)

Volvo's $30 billion IPO is officially off, and Trump's trade war may be to blame Trump tariffs blamed for slowdown, less hiring at new Volvo plant in South Carolina Elizabeth Warren wants to outflank Trump on trade Dow falls to low of the day on report Navarro attending the Trump-Xi dinner on trade Trump-Xi dinner puts billions of dollars on the table US Restrictions Hit $369Bn of Chinese Goods Trump says he's close to China trade deal but 'I don't know that I want to do it' US and China exploring suspension of further tariffs through spring in exchange for new talks: WSJ Prized ‘Rare Earth’ Minerals Feel Scorch of Tariffs Trump is about to embark on a trip that could end the trade battle with China — or send the US into an economic Cold War A giant Trump baby blimp that the president says makes him 'feel unwelcome' has followed him to the G20 summit in Argentina Goldman: Trump's meeting with Xi is likely to make the trade war much worse Trump touts his tariffs for generating 'billions' in revenue, but that's just a drop in the bucket 'We have to raise prices' if tariffs go to 25%, says CEO of Calvin Klein parent Trump has 'silent' support of world leaders to strike 'hard bargain' with China: Ex-NATO ambassador China Reject US Academic Report on Trade High Stakes at the G20 Summit
(DBN)

WTO: Worst Global Trade Crisis Since 1947
(DBN)

The 15 best-paying jobs for men in 2018
(DBN)

House Republicans put off Friday vote on tax bill
(DBN)

U.S. Leveraged Loan Issuance Since 2011
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

NAR: Pending Home Sales Index Decreased 2.6% in October Pending home sales fall 2.6% in October as more buyers are priced out
(DBN)

Southern California Home Sales in Big Decline
(DBN)

Freddie Mac: Mortgage Serious Delinquency Rate Decreased in October
(DBN)

Some cities are facing a very different housing crisis
(DBN)

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Municipalities:

Puerto Rico completes first consensual debt restructuring
(DBN)

Fairfield leaders working to avoid bankruptcy Fairfield mayor believes bankruptcy is a bad idea for the city
(DBN)

Chicago Drivers Challenge Duplicate Vehicle Tickets Chicago Throws Out 23,000 Duplicate Tickets Issued Since 1992 to Motorists Who Didn’t Have Vehicle Stickers
(DBN)

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Oil/Gas:

Oil's wild price swings keep stock investors on the sidelines of energy sector
(DBN)

Alfaro faces criminal charges despite lawyer's late plea
(DBN)

Gas is now below $2 a gallon in these 24 states
(DBN)

The Biggest Winners Of The Oil Price Slump
(DBN)

Natural Gas Prices Fall Below Zero In Texas
(DBN)

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Retailing:

Sears Suitors Have a Plan for Saving the Bankrupt Retail Chain Sears Target Of Reported Takeover Bid
(DBN)

Amazon got a hostile welcome from a New York labor union, which savaged its working conditions as 'deadly and dehumanizing'
(DBN)

Abercrombie shares surge as turnaround progresses
(DBN)

Dick's Sporting Goods's stock dives after J.P. Morgan cuts rating, price target
(DBN)

Report: Neiman Marcus, creditors reach standstill in debt discussions
(DBN)

More trouble for malls: A new wave of closures from Gap, Victoria's Secret and others
(DBN)

Is retail dying?
(DBN)

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Travel:

A Delta passenger says the pilot of his flight sent him a Grindr message while they were in mid-air
(DBN)

Marriott says its Starwood database was breached on approximately 500 million guests Passport numbers stolen Marriott's stock tumbled 5.6% premarket after disclosure of data breach
(DBN)

This airline is now weighing passengers’ carry-on luggage
(DBN)

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Auto Racing:

The Bob Bondurant Racing School Is Back Open After Filing for Bankruptcy and Abruptly Closing
(DBN)

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Bankruptcy Crimes:

Sentencing for Boulder spinal surgeon in bankruptcy fraud case pushed back to spring 2019
(DBN)

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Manufacturing:

My $2 billion company went bankrupt in a matter of weeks, and I took away 3 lessons anyone can use to bounce back
(DBN)

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Festivals:

MainStrasse association blames rain, heat for bankruptcy
(DBN)

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Electricity:

Federal judge orders utility company to explain any role it had in causing California wildfires
(DBN)

What happens if PG&E goes bankrupt?
(DBN)

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Religion:

Santa Fe: Archdiocese facing dozens of sexual abuse lawsuits to file for bankruptcy New Mexico archdiocese to file for bankruptcy Wester announces archdiocese's plan to file for bankruptcy Archdiocese of Santa Fe filing for bankruptcy after paying millions to victims Archdioceses of Santa Fe to file for bankruptcy
(DBN)

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Coal:

Westmoreland Coal asks bankruptcy judge permission to pay bonuses for top managers
(DBN)

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Bicycles:

Performance Bicycle will close 40 stores as part of its bankruptcy
(DBN)

Rocky road ahead for troubled Ofo
(DBN)

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Food/Beverage:

Burger chain Jack in the Box explores sale
(DBN)

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Hedge Funds:

Profits slashed at hedge fund run by Pippa Middleton’s husband
(DBN)

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Awards:

Mayer Brown partner to be inducted as American College of Bankruptcy fellow
(DBN)

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Fraud:

Bernie Madoff Victims Get Another $695M
(DBN)

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Tax:

Tax protester Tim Eyman files for bankruptcy as legal troubles persist
(DBN)

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Aerospace:

SpaceX fairing recovery vessel Mr. Steven’s owner abruptly files for bankruptcy
(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 (19 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (5 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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Farming:

Here's Why More American Farms Are Going Bankrupt
(DBN)

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Involuntary Bankruptcy:

Bankruptcy Court Rejects Involuntary Chapter 11 for CDO
(DBN)

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Bankruptcy Policy:

Congress Decided to Punish Consumer Debtors and Failed Entrepreneurs in BAPCPA — This is Terrible Policy!
(DBN)

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Interest:

California Bankruptcy Court Holds That Default Interest Rate Is Unenforceable Penalty Under State Law
(DBN)

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Exemptions:

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

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IP:

Patent Licensee’s Rights Are Perishable in Chapter 7 Bankruptcy
(DBN)

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CDS:

Let the Seller Beware? Debtor’s Attempt to Monetize its Own Default May Impact Sellers of Credit Default Swaps
(DBN)

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Miscellaneous:

Eye On Bankruptcy
(DBN)

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Avoidance Actions:

Eighth Circuit Rejects Ponzi Scheme Presumption To Protect Legitimate Loan Repayments
(DBN)

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Gambling:

Horse betting company welcomes major decision in bankruptcy case
(DBN)

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Autos:

Marc McDougal, local investors expect to win bid for RDAG assets
(DBN)

“Inhumane”: a laid-off GM worker in Ohio responds to massive job cuts
(DBN)

Trump slams General Motors again following layoffs
(DBN)

GM Bashing Reaches Fever Pitch in DC
(DBN)

GM: More Downsizing Likely
(DBN)

What's Ahead For The Towns Where GM Is Shutting Operations
(DBN)

Nissan probe reportedly finds ousted chairman Ghosn failed to disclose $80 million in deferred pay Japan Court Keeps Carlos Ghosn in Jail Japan-France spat over Renault-Nissan brews as Ghosn remains jailed
(DBN)

Political rivals Trump and Sen. Sherrod Brown talk on the phone about how to keep Ohio GM plant open
(DBN)

Don't Blame Trump for GM's Downsizing
(DBN)

Trump claims car companies are 'pouring' into the US. The reality is a lot more troubling
(DBN)

Elon Musk said Tesla owners will be able to use their phones to summon their vehicles from 'across the continent' in a few years
(DBN)

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Healthcare:

California assisted suicide law clears hurdle
(DBN)

Measles cases spike 30% worldwide
(DBN)

Texas is #1 in Uninsured Children
(DBN)

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UK:

NUS to go bankrupt in spring, according to leaked document
(DBN)

British tech billionaire Mike Lynch charged with fraud in the US over $11 billion Autonomy sale
(DBN)

Pro-EU MPs plot amendment to take over Brexit talks as Theresa May refuses to back down
(DBN)

Katie Price 'planning to flog her three wedding rings' to raise cash for speedy divorce
(DBN)

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PIIGS:

Italian official: Nothing will come from Brussels budget standoff
(DBN)

Italy's drone ambitions crash-land as Piaggio Aero loses only client
(DBN)

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MENA:

The world is slowly turning against Crown Prince Mohammed bin Salman even as Trump digs his heels in
(DBN)

Saudis Struggle to Share Pain of Pumping Less Oil
(DBN)

New Bahrain Bankruptcy Law
(DBN)

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Ukraine:

Trump cancels G-20 meeting with Putin, citing Ukraine crisis
(DBN)

Ukraine bans Russian adult men from entering Ukraine
(DBN)

Russian tanks just 11 miles from Ukraine border amid fears of imminent invasion
(DBN)

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Venezuela:

Venezuela's medical system collapsed; U.S. Navy treating thousands
(DBN)

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China:

Gionee close to bankruptcy, suppliers stop operations over non-payment of dues Gionee is on the verge of bankruptcy — and it’s about more than just its chairman allegedly gambling away $144 billion
(DBN)

China factory growth unexpectedly stalls in November
(DBN)

China nonmanufacturing PMI hits 15-month low
(DBN)

Why Communist China Is Home to So Many Billionaires
(DBN)

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India:

Govt plans Rs 29000 crore relief for debt-laden Air India
(DBN)

Gionee could soon end up shutting shops, citing bankruptcy
(DBN)

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South Africa:

White farmers' legal fight against plans to give their land to black South Africans without compensation is thrown out by country's High Court
(DBN)

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Kazakhstan:

Kazakhstan to streamline rehabilitation and bankruptcy procedures
(DBN)

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Singapore:

Will Singapore become an international center of debt restructuring?
(DBN)

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