November 9, 2018

The Daily Bankruptcy News

View prior editions: Click Here
View prior case summaries: Click Here
Search prior headlines: Click Here
Search prior case summaries: Click Here

3-Column Formating

 

Law:

Associate Bonus Watch 2018: Bonus Season Is Here!
(DBN)

72 Attorneys Have Left This Biglaw Firm In 2018, But Leadership Insists They Aren’t Worried
(DBN)

Northwestern Law Is Paring Back Amid Budget Woes. Are Other Elite Schools Next?
(DBN)

The Importance of an Origination Plan for Associates
(DBN)

It's a Two Way Street From Big Law To the Big Four
(DBN)

More Law Firms Jump on Name Shortening Bandwagon
(DBN)

Biglaw Jobs Are Not Spread Out Equally Among Law Schools
(DBN)

Turning The Law Department Into A Profit Center
(DBN)

Law School Invites Speaker Who Lost His Job Over Sexual Harassment And Coercion Because Standards No Longer Exist
(DBN)

You Got It: Women Don't Always Support Women
(DBN)

Long Road Ahead for Using Data to Drive Diversity at Law Firms
(DBN)

LeClair Calls Arbiter's $1M Award for Ex-Partner 'Illogical'
(DBN)

Afghan-born female lawyer kicked from case because client "wants a white male"
(DBN)

Cravath Promotes All-Female Trio to Partner
(DBN)

A Future Of J.D. Advantage Jobs?
(DBN)

13 Marketing Tips For Successful Rainmaking (Part II)
(DBN)

How One Law Firm Is Using Behavioral Science to Coax Lawyers to Innovate
(DBN)

Half Of Being A Good Attorney Is Showing Up
(DBN)

Giuliani’s Spending on Cigars Knocked in Court by Estranged Wife
(DBN)

Trump's new acting attorney general has criticized the Mueller probe. Now he will oversee it Who is Matthew Whitaker, the new acting attorney general? Quotable Matt Whitaker: Nothing Sticks to Trump, 'Even Being a Misogynist' Acting attorney general was board member of company accused of scam Acting AG faced criticism for case against gay Iowa Democrat Matthew Whitaker is a Crackpot Trump’s Appointment of the Acting Attorney General Is Unconstitutional Trump fired Sessions, and in response Utah’s Sen.-elect Mitt Romney defended Mueller’s investigation Demonstrators around the country rally to protect Mueller investigation Whitaker Said Not to Plan Recusal from Leading the Mueller Probe What Will Whitaker Do with Mueller Probe? What Sessions' resignation means for the Mueller investigation Sessions Restricts Use of Consent Decrees to Fight Police Abuses Rudy Giuliani, Pam Bondi, Alex Azar among candidates to replace Jeff Sessions as attorney general Once Graham Backed Sessions. No More After Sessions, Things Could Get Worse
(DBN)

Mueller Starts Drafting His Final Report
(DBN)

Mueller Lacks Authority, Roger Stone Aide Tells DC Circ.
(DBN)

Former New York Attorney General Eric Schneiderman Will Not Face Charges Over Allegations Of Abuse
(DBN)

White House issues new rule limiting asylum seekers Trump administration will deny asylum to immigrants who cross the border outside ports of entry
(DBN)

9th Circuit keeps DACA in place, says decision to end program is likely ‘arbitrary and capricious’ After federal government filing, 9th Circuit rules in DACA dispute
(DBN)

Lawyer for accuser in criminal case detained after refusing to answer judge’s question
(DBN)

A Mass Shooting in One of the ‘Safest Cities in America’ California Gunman: Marine Living with Mom One Year After the Las Vegas Massacre, Some of the Same Country Music Fans Faced Another Mass Shooting in California FBI hopes to learn what drove ex-Marine to kill 12 in California bar The Victims of the Thousand Oaks Massacre After another mass shooting, gun safety advocates look to midterm success to stop violence
(DBN)

A look back: What’s the best ‘Perry Mason’ episode?
(DBN)

Google Drops Forced Arbitration For Harassment Claims
(DBN)

Attorney Left MoneyGram Files In Stolen Hummer, Co.'s Suit Says
(DBN)

69-Year-Old Tries To Get His Age Legally Changed So He Can Score
(DBN)

Captain on Fatal Duck Boat Ride Indicted
(DBN)

Firm's lawyers ‘try harder’ in glorious attempt at rugby
(DBN)

Hogan Lovells partner suspended after rival lawyer films him watching p---
(DBN)

______________

Judges:

BK MA: New Chief Judge
(DBN)

Ex-Pa. Judge Apologizes For Affair With Defendant's Girlfriend
(DBN)

Justice Ginsburg Hospitalized After Fall Breaks Three Ribs Supreme Court Justice Ruth Bader Ginsburg, 85, breaks ribs in fall  Ruth Bader Ginsburg hospitalized after fall Ginsburg hospitalized after fall that puts renewed focus on Trump’s ability to shape Supreme Court
(DBN)

Kavanaugh Investiture Brings Together Trump and Matt Whitaker, His New Acting AG A "view" from the courtroom: The investiture of Justice Brett Kavanaugh
(DBN)

With Kavanaugh on the Supreme Court, West Virginia and Alabama are ready to ban abortion
(DBN)

Judge Takes Loeb & Loeb Atty To Task Over Evidence At Trial
(DBN)

After election loss, judge releases nearly all juvenile defendants who promise not to kill anyone
(DBN)

Impertinent or descriptive? Judge refuses to strike these phrases from suit
(DBN)

Ladies First at Supreme Court Oral Arguments
(DBN)

Texas: 19 Black Women Ran for Judge: All Won Democrats Flip Appeals Court in 3 Tx. Cities
(DBN)

Judges Help Judges When Courts Face Heavy Caseloads
(DBN)

______________

Wall Street:

Dow is set to slide triple digits after the Fed says it sees 'further gradual increases' in rates
(DBN)

China, Hong Kong lead Asian markets lower with financials under pressure
(DBN)

Stocks close mostly lower as the Fed stands pat on interest rates
(DBN)

______________

Layoffs:

Broadcom to lay off nearly 2,000 CA workers in U.S., company emails show
(DBN)

Bombardier to Fire 5,000 Workers
(DBN)

Toshiba slashes 7,000 jobs
(DBN)

______________

Student Debt:

A teacher defaulted on $55,000 in student debt—rehabilitation offered hope, but now he owes $130,000
(DBN)

______________

Aviation:

Fastjet says discussions with investors, creditors continuing Fastjet stays airborne after trading boost but warns over its future survival
(DBN)

______________

Musical Instruments:

Is Gibson Ready for Its Encore?
(DBN)

______________

Nuclear:

More nuclear problems for Toshiba
(DBN)

______________

Food/Beverage:

Bankruptcy court OKs plans for Tops restructuring Bankruptcy court approves reorganization plan for Tops Tops Markets' plan to emerge from bankruptcy approved by court Tops readies for Chapter 11 exit
(DBN)

Owners of San Angelo Taco Bueno unaware the company was going to declare bankruptcy
(DBN)

Papa Gino’s & D’Angelo Enter Bankruptcy
(DBN)

______________

Economy:

US weekly jobless claims fall slightly to a 45-year low Weekly Initial Unemployment Claims decreased to 214,000
(DBN)

Wall Street Titans Warn of Debt Driven Crisis
(DBN)

When No One Retires
(DBN)

US consumer borrowing up solid $10.9 billion in September
(DBN)

Fed is set to keep rates on hold before a hike later in the year Fed leaves rates unchanged, notes slowing in business investment Fed holds interest rates steady and stays on course for more gradual hikes Federal Reserve elects not to raise rates in November Fed unwavering in message that interest rates will keep going higher FOMC Statement: No Change to Policy
(DBN)

Trump’s tax cuts will help the Walton family more than Walmart workers
(DBN)

Taxpayers say 'no' to tax changes in midterm elections
(DBN)

An economist’s policy wish list for House Democrats: Government debt, Social Security, health care
(DBN)

AAR: October Rail Carloads Up 1.0% YoY, Intermodal Up 4.2% YoY
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Mortgage rates surge to a near 8-year high as house-hunters race the clock
(DBN)

Homebuilder D.R. Horton: Housing Market "Choppy", "momentum is slipping"
(DBN)

Leading Index for Commercial Real Estate Declines in October
(DBN)

MBA: Mortgage Delinquency Rate Increased Slightly in Q3 Percent of Mortgage Loan Delinquencies Increased Slightly in Q3 2018
(DBN)

Justice Department sues UBS over mortgage bonds before the recession
(DBN)

Boca Raton board approves modern redevelopment for defunct shopping area despite traffic concerns
(DBN)

Manafort was in default on Trump Tower condo when he forfeited it in plea — now bank wants a piece
(DBN)

Luxury Developer Cops To Raising $58M, Fleecing Backers Developer pleads guilty to $58M fraud
(DBN)

____________

Municipalities:

Puerto Rico House passes Cofina restructuring bill Cofina law passes legislative muster despite criticism
(DBN)

Puerto Rico Seeks Lawyer Tax as Bankruptcy Fees Hit $228 Million
(DBN)

‘Bottom-feeding’ hedge funds are big winners on Puerto Rico bonds
(DBN)

After a suburban secession movement is defeated in Georgia, a community takes stock
(DBN)

______________

Oil/Gas:

US crude falls into bear market as growing oil output points to oversupply Cramer predicts oil prices as low as $40 a barrel as US crude falls into bear market The oil rout just became a bear market for U.S. crude Oil prices fall into bear market on rising supply, economic concerns
(DBN)

Lafayette-based PetroQuest Energy files for Chapter 11 bankruptcy
(DBN)

Federal judge blocks long-delayed Keystone XL pipeline permit for environmental review US judge halts construction of the Keystone XL oil pipeline
(DBN)

Feds arrest Uresti co-defendant Cain
(DBN)

______________

Healthcare:

MI: University Physician Group files for bankruptcy reorganization Physician group with 873 employees files for bankruptcy Wayne State University Physician Group files for Chapter 11 bankruptcy reorganization University Physician Group seeks bankruptcy protection
(DBN)

Promise Healthcare Files For Bankruptcy, Promises Improved Financial Health
(DBN)

Houston co. acquires 6 Neighbors Emergency Centers out of bankruptcy court
(DBN)

Midterms put the brakes on Republicans’ health-care agenda — so what’s next?
(DBN)

______________

Retailing:

This holiday season could seal Barnes & Noble's fate as the bookseller considers selling itself WHSmith reportedly tried to buy Barnes & Noble. Why?
(DBN)

The Next Eight Retailers Right Behind Sears
(DBN)

Sears, in bankruptcy, is set to close 40 more stores Sears creditors suggest Chairman Eddie Lampert structured deals to enrich himself Will Sears honor your appliance warranty during its bankruptcy?
(DBN)

Brick And Mortar Retail: A Case Study In Disruption Or A Self-Inflicted Wound?
(DBN)

Black Friday is already here as retailers kick off holiday sales Bankrupt Sears and Kmart are kicking off their Black Friday sales on Thanksgiving and reminding customers that they are ‘open to serve them’
(DBN)

Delaware judges grants and denies motions in Sprint, RadioShack suit
(DBN)

Millennials have a new attitude about weddings - and it's sending bridal stores into a downward spiral
(DBN)

______________

Religion:

Bankruptcy may be the key to settling Guam church cases
(DBN)

______________

Biotech:

CRG's Exotic Loan Covenants Put Synergy On The Verge Of Bankruptcy
(DBN)

______________

Celebs:

Teresa Giudice says she'd 'love' to talk to President Trump about pardon for husband Joe's bankruptcy fraud conviction
(DBN)

______________

Autos:

Faraday Future says its main investor is ‘deliberately starving’ it into bankruptcy
(DBN)

Musk Talks Ford Bankruptcy
(DBN)

Former Tesla employee charged with embezzling $9.3 million from Elon Musk's company
(DBN)

______________

Personal Finance:

This is the problem with your frugal habits
(DBN)

Don’t ever lend money to family and friends — it’s not worth it
(DBN)

______________

Fraud:

Lloyd Blankfein attended key meeting with 1MDB figures: report
(DBN)

______________

E-Cigs:

FDA to sharply curtail sales of flavored e-cigarettes in convenience stores
(DBN)

______________

Climate:

Fast-moving Northern California wildfire prompts more than 25,000 evacuations 20,000 Acre Wildfire Destroys Paradise, CA. Fleeing the California Wildfire on Foot
(DBN)

Woolsey fire burns homes in Ventura County and grows to 8,000 acres; thousands are evacuated
(DBN)

______________

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 (20 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)

______________

Bankruptcy Reform:

Exempting Veterans' Benefits in Bankruptcy Will End Disparate Treatment of Financially Struggling Vets
(DBN)

“United States Bankruptcy Administration” — A 1970s Proposal With Scant Odds
(DBN)

______________

Executory Contracts:

Fifth Circuit Holds Asset Purchaser Unable To Acquire Rejected License Agreement
(DBN)

Fifth Circuit Holds Executory Contract Not Listed on Bankruptcy Schedules Is Automatically Rejected Upon Expiration of 60-Day Period in Chapter 7 and Not Capable of Being Sold
(DBN)

______________

Tech:

Yelp tanks more than 28% after announcing third quarter earnings
(DBN)

______________

Politics:

How Many Women Lawyers Were Elected in the Midterms? Quite a Few How Did Big Law Veterans Fare in the Midterms? Ballard Spahr Attorney Joins Wave of Women Headed to Congress
(DBN)

Law Firms Predict Mixed Business Impacts From Election Outcome
(DBN)

Trump's ominous loyalty demands
(DBN)

Alexandria Ocasio-Cortez, Rashida Tlaib and 12 others who made history in the midterm election
(DBN)

House Probes Like ‘Nine-Alarm Fire,’ Law Firms Prep for Democrats
(DBN)

“A wakeup call” for the Texas GOP’s hard right
(DBN)

America's Suburbs are Moving Democratic
(DBN)

Trump uses CNN's Jim Acosta to act on longtime fantasy against media White House press secretary uses fake Infowars video to justify banning CNN reporter Video of Acosta incident posted by White House press secretary Sarah Sanders contains extra frames Fact-checking the misleading video Sarah Sanders tweeted
(DBN)

Trump FactCheck: "In the House, Republicans dramatically outperformed historical precedents" "This election marks the largest Senate gains for a president's party in a first midterm election since at least President Kennedy's in 1962."
(DBN)

Brian Kemp resigns as Georgia's secretary of state, AP reports
(DBN)

Trump's Deutsche Bank ties just one of several issues for House, Rep. Waters says
(DBN)

Bernie blames midterm losses in Florida and Georgia on white voters
(DBN)

Chicago District: 26% Voted for the GOP Nazi
(DBN)

Florida Readies for Massive Recount Florida Governor's Race Recount Likely Florida’s Rick Scott accuses ‘unethical liberals’ of trying to ‘steal this election’ Fla. Gov. Accuses 2 Counties Of Meddling With Election Count
(DBN)

AZ: Now Sinema Leads McSally for US Senate
(DBN)

Gerrymandering: Republicans won 50.3 percent of NC’s votes for Congress. They took 10 of 13 seats.
(DBN)

Democrats got millions more votes – so how did Republicans win the Senate?
(DBN)

Democrat Governors Will Now Lead Most in US
(DBN)

Partisan gerrymander in Maryland violates First Amendment right to political association, court says
(DBN)

Former Congressman Steve Stockman Sent to Prison for 10 Years for Defrauding Charities
(DBN)

______________

UK:

Britain may soon have a bankrupt university
(DBN)

Obesity could ‘bankrupt’ the NHS
(DBN)

U.K. economy expands at fastest pace since 2016
(DBN)

This Fund Is Waiting on the Sidelines for a Hard Brexit, Then a Slowdown
(DBN)

Form v Function: Recharacterization of contracts in the UK and US
(DBN)

______________

PIIGS:

Proposals for Alitalia to be examined next week - source
(DBN)

Italian Bonds Drop After Report EU Projects Breach of Debt Limit
(DBN)

Monte dei Paschi posts 91 mln euro Q3 net profit, loses deposits
(DBN)

______________

Canada:

Supreme Court of Canada Allows Appeal in Canada v. Callidus Capital Corporation
(DBN)

Port receivership just 'one of the steps' to concluding steel mill sale, mayor says Lenders ask courts to force Port of Algoma into receivership
(DBN)

______________

Venezuela:

Venezuela's inflation rate just hit 830,000% — and it's going to keep rising
(DBN)

______________

Uganda:

URSB Calls for Tolerance in Insolvency Cases
(DBN)

______________

Turkey:

Overhauled Concordat Regime Opens A New Chapter for Turkish Bankruptcy Law
(DBN)

Turkey among top 10 improvers in World Bank’s Ease of Doing Business ranking
(DBN)

______________

Philippines:

Philippine court orders arrest of ex-first lady Imelda Marcos for corruption
(DBN)

______________

China:

China consumer inflation ticked higher in October
(DBN)

China's Xi tries to reassure the country's worried private companies
(DBN)

These Chinese bondholders are being paid in ham instead of cash
(DBN)

In China, response to pledged share meltdown stirs concern
(DBN)

For China’s Bad Banks, the Future’s Worse
(DBN)

China Banks Fall on Concern Loan Targets Are a Step Too Far
(DBN)

China Has More Distressed Corporate Debt Than All of EM Combined
(DBN)

______________

Mozambique:

Mozambique wants to hold meeting of creditors of undeclared debts in 2019
(DBN)

______________


The Daily Bankruptcy News is primarily a curated news link gathering service.   Most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subscription fee is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use. If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid service subscription. These links are currently marked with a "DBN" notation. The cost of a subscription is $64/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links.

New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase.

Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested. There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear. You do not need to type anything in the body of the email message. Note that the email asking for removal must be sent from the same email address which is on our distribution list. If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

If receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list.

Press Releases/News Tips
Please send press releases and news tips to admin@bkinformation.com

Contact Us
The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C. You can reach us at 281-402-3957 or at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries). Our mailing address is 935 Eldridge Road, No. 350, Sugar Land, Texas 77478.

Copyright 2018