October 12, 2018

The Daily Bankruptcy News

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Law:

'Ever Argue With a Woman?' Florida and Texas Lawyers Fight Over Trademarked Slogan
(DBN)

Hardwick's Ex-Partner Tells Jurors $26M in Firm 'Distributions' Were Not Legit • Jurors Deliberate Hardwick's Fate in Embezzlement Trial
(DBN)

2 schools seek approval to move Valpo Law to Middle Tennessee
(DBN)

ABA Rejects Arizona Summit's Teachout Plan With Arizona State; Individualized Plans Required For Each Student To Finish Their JDs Elsewhere
(DBN)

The People Who Are Being Left Out Of Biglaw’s Wellness Initiatives
(DBN)

Law firms fail to track procurement performance or ROI
(DBN)

When Working From Home Can Work For In-House Counsel
(DBN)

Lawyers At The Peak Of Their Careers: A 30-Year Longitudinal Study Of Job And Life Satisfaction
(DBN)

The world's most profitable law firm has continued its lateral hiring spree on both coasts
(DBN)

Boies Schiller in Spat With Billionaire Over Unpaid Legal Fees
(DBN)

Experts to Law Grads: Don't Freak Out About Public Service Loan Forgiveness—Yet
(DBN)

In Legal Marketing, Apathy Is the Enemy
(DBN)

Former Partner Sentenced To 5 Years In Prison For Scheme To Defraud Biglaw Firms
(DBN)

Cleary Adds Chief Talent Officer as Law Firms' C-Suite Shake-Up Continues
(DBN)

Death of Stanford Law Student, Wachtell Associate Ruled an Accident
(DBN)

Former Bridgeport Attorney Charged With Stealing From Client in Bankruptcy
(DBN)

DoNotPay Founder Joshua Browder On Replacing Lawyers With Bots
(DBN)

Ex-Associate Sues Chicago Firm Over Fee-Sharing Deal
(DBN)

Get Some Efficiency Back By Automating Law Firm Business Tasks
(DBN)

Trump's lawyers are preparing to answer special counsel Robert Mueller's questions • Michael Cohen is now a registered Democrat • Fusion Co-Founder: No to US House Subpoena • 'Highly Unusual': Judge T.S. Ellis Suspicious of Manafort's Plea Deal With Mueller • In Bold Prediction, Avenatti Claims He Knows When Don Jr. Will Be Indicted • Rick Gates’ Former Lawyers Are Now Suing Him for $368,000 in Unpaid Bills
(DBN)

Judge orders partial release of Watergate 'road map'
(DBN)

Labaton Sucharow agrees to return $4.8M in attorney fees after attorney finder fee is revealed • Law firm 'deeply regrets' the $4M fee steered to attorney who did no work on class action
(DBN)

Two Years After Graduation, And All Of This Law School’s Graduates Have Passed The Bar Exam
(DBN)

Trump Is Mulling Candidates Who Could Replace Jeff Sessions • Trump is reportedly floating 5 different names to replace Attorney General Jeff Sessions, who he expects to resign before the end of this year
(DBN)

Court Tosses Charge Against Harvey Weinstein
(DBN)

Thousands More Family Separations Found
(DBN)

Texas evangelical groups are suing for the right to discriminate against LGBTQ workers
(DBN)

Washington Supreme Court strikes down state death penalty as racially biased
(DBN)

Ross Caught in a Lie Over Census Question
(DBN)

HBO's 'The Sentence' Reveals Broken Justice System
(DBN)

Bill O'Reilly Wins Arbitration Dispute Against Former Fox News Anchor
(DBN)

Partner axed after strip club complaints • Partner sacked over ‘inappropriate behaviour’ following internal investigation
(DBN)

Partner and paralegal fired for office hijinks
(DBN)

Baker McKenzie "regret" as report finds assault "shortcomings"
(DBN)

Good Reason to Kill #73: Took Your Seat During Karaoke
(DBN)

Lawsuit charges Kentucky state troopers with assault, puppy-kicking over a Facebook complaint about a traffic stop
(DBN)

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Judges:

Why Democrats Won’t Pack the Court in 2021
(DBN)

Grassley, on heels of Kavanaugh confirmation, pushes dozens of judicial nominees
(DBN)

After Kavanaugh scandal, Democrats cut a deal to confirm more Trump judicial nominations so they can go home to campaign
(DBN)

Senate Confirms 15 More Trump Judges
(DBN)

Senate Judiciary Returns to Business as Usual After Kavanaugh
(DBN)

Justice Kavanaugh unlikely to heed calls for recusal • Unlike Gorsuch, Kavanaugh Jumps Into SCOTUS Cert Pool • Kavanaugh Should Not Be on Court, Former Justice Says • Christine Ford is still getting death threats. But she’s getting thank-you notes too • The Aftershocks of the Kavanaugh Hearings • Volunteers bolt Bredesen over Kavanaugh support • It Sure Looked Like Kavanaugh Wasn't Such a Fan of Due Process at Yesterday's Oral Arguments • It’s not ‘McCarthyism’ to demand Harvard Law School sever ties with Brett Kavanaugh • Chief Justice John Roberts Requests Ethics Investigation of Brett Kavanaugh's Hearing Conduct • Ethics Allegations Against Brett Kavanaugh Face Hurdles • Democrats overreached on Kavanaugh • For Kavanaugh, a collegial start to Supreme Court career
(DBN)

Judge’s suit claims she was retaliated against at work for her husband’s political activity
(DBN)

Wal-Mart Benchslapped In Epic String Cite
(DBN)

Attorney Benchslapped, Suspended For Years’ Worth Of ‘Derogatory, Undignified And Inexcusable’ Comments
(DBN)

Gibson Dunn, Ex-Sedgwick Partners Tapped For Calif. Bench
(DBN)

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Wall Street:

U.S. stock index futures up sharply as global equities attempt bounce after rout
(DBN)

Market meltdown relents with global rally
(DBN)

Dow tumbles 650 points to new low on day, bringing 2-day losses to more than 1,400 points • The sell-off by the numbers: Stocks post worst 2-day stretch in eight months • Global Stocks Fall on Heels of U.S. Rout
(DBN)

Here’s how much damage has been done to the stock market during a powerful rout
(DBN)

Stock-market investors are right to be frightened by rising bond yields: economist
(DBN)

Gundlach says the global stock market is signaling 'something bad' is happening
(DBN)

Stocks could fall 40% to 50% to reach fair value: Morgan Street Capital
(DBN)

Wall Street's fear gauge — the 'VIX' — hits highest level since February as sell-off accelerates
(DBN)

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Aviation:

Alan Klapmeier's One Aviation files bankruptcy
(DBN)

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Festivals:

Fyre Festival founder has been sentenced to 6 years in prison after pleading guilty to defrauding investors out of millions of dollars in various ticketing schemes • These photos reveal why the 26-year-old organizer of the disastrous Fyre Festival has been sentenced to 6 years in prison
(DBN)

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Climate:

Florida Panhandle Has Been Changed Forever • Hurricane Michael’s Remarkable, Terrifying Run • The Damage Costs From Hurricane Michael Could Top $4.5 Billion • 10 photos show Hurricane Michael's destruction from the sky • Hurricane Michael Imperiled More Than $25 Billion in Florida Commercial Property • The Sudden, Shocking Growth of Hurricane Michael • Hurricane Michael's Trail of Destruction • Now a Tropical Storm, Michael Leaves Devastation in Florida • Employers Brace for Hurricane Michael and Its Aftermath • Death toll rises as crews struggle to access areas hit hard by storm • In hardest-hit towns, Michael leaves nothing unscathed • "Devastated" families in Florida return to find homes destroyed • Michael gone but leaves behind utter devastation in Panhandle • Florida Air Force base suffers "widespread catastrophic damage" from Michael • The search for survivors begins in Florida as Hurricane Michael death toll rises to 7
(DBN)

Harvey: Houston Needs $2 Billion More
(DBN)

Trump: I Haven't Read New Climate Report
(DBN)

North Carolina order opens up pro bono opportunities to serve Hurricane Florence victims
(DBN)

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Banking:

Bank of America fights contentious court battle over purge of nearly 2 billion bank records
(DBN)

JPMorgan profit and revenue beat estimates
(DBN)

Big banks are being dragged down by tepid lending
(DBN)

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Healthcare:

DCHS steers away from bankruptcy
(DBN)

Solution for eyesore: Partially built Peoria hospital may see new life as buyer lined up
(DBN)

Milford Hospital makes budget cuts as it seeks merger
(DBN)

Children Not Vaccinated Has Quadrupled
(DBN)

Narrow health care networks aren't actually that common
(DBN)

Why childbirth in the U.S. is more expensive than other countries
(DBN)

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Economy:

Weekly Initial Unemployment Claims increased to 214,000
(DBN)

Where Manufacturing is Making a Comeback
(DBN)

A $1 Trillion Powder Keg Threatens the Corporate Bond Market
(DBN)

Trump's unusual Fed bashing raises the stakes of a policy blunder that damages the economy • Trump says he can do 'a lot more' to hurt China's economy if no concessions ahead of Xi meeting • China says in 'communication' amid report of Trump-Xi meet • Trump’s dangerous game with the Fed, explained • What trade war? Chinese exports are surging • The Fed is not acting crazy, it's just responding to new economic realities brought on by Trump • Why Trump can’t fire Powell for disagreement over monetary policy • Fed Officials See Strong Economy Justifying Interest Rate Rises • Larry Kudlow says the Fed is independent and the president is not dictating policy to central bank • As Stocks Fall, Who Will Blink First, 'Loco' Fed Or Trade War Trump? • In addition to the Fed, Trump also can blame his tariffs for the latest market slump • Gundlach says Trump is 'being crazy like a Fox' to blame the Fed for the market sell-off and explains why interest rates will keep rising • Larry Kudlow Explains To CNBC That Trump’s Comments On The Fed Are Totally Fine If You Just Ignore Them Like Larry Does
(DBN)

Key Measures Show Inflation Decreased on YoY Basis in September
(DBN)

US inflation is the world's most important economic variable
(DBN)

Cost of Living Adjustment increases 2.8% in 2019, Contribution Base increased to $132,900
(DBN)

Trump says the Federal Reserve caused the stock market correction, but he won't fire Chair Powell
(DBN)

Trump lashes out at Gary Cohn: 'I could tell stories about him like you wouldn't believe'
(DBN)

Bond King Gundlach predicts yields are headed much higher before this move ends
(DBN)

Trump, Xi to meet amid trade war tensions • Mnuchin warns China against weakening its currency • China Buys Canadian Oil for $50 Discount • Months of anxiety for manufacturers amid trade war • Tesla Is Closing In on $145 Million Plot for China Factory • China September exports surge, creating record surplus with U.S. despite tariffs • Canada sees little chance of quick end to U.S. metals tariffs: sources
(DBN)

How NAFTA 2.0 Impacts States
(DBN)

Trump keeps bashing the Fed, calling the central bank 'loco' and 'crazy.' An ugly economic lesson from the Nixon administration shows why his criticism is so worrying.
(DBN)

Amazon’s pay increase cut bonuses and stock options. So it’s raising wages again.
(DBN)

Investor Barry Sternlicht worries about a recession signal and an economy not as strong as it appears
(DBN)

Lenders Remain Optimistic About U.S. Economy, Survey Finds
(DBN)

Port of Long Beach: Record Traffic for Fiscal Year
(DBN)

Will Risky Supplier Financing Light The $1.3T Debt Bomb’s Fuse?
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Lehman Brothers Seeks to Expand Lawsuits Against Loan Originators
(DBN)

Mortgage Rates Fast Approaching 5%, a Fresh Blow to Housing Market
(DBN)

House Prices to National Average Wage Index
(DBN)

Buying a Home Not Always a Great Investment
(DBN)

AR: Access to developer's settlement OK'd
(DBN)

Mall collapse leaves at least 7 dead, 9 missing
(DBN)

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Municipalities:

Puerto Rico gov introduces bill to pave way for Cofina restructuring
(DBN)

Unsecured Creditors, Puerto Rico settle dispute over gov’t bank restructuring
(DBN)

Puerto Rico says decision on retirement program also blocks sick-leave payouts
(DBN)

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Oil/Gas:

Oil and Gas Industry Update: Second Circuit Upholds Rejection of Sabine Gas Gathering Agreements
(DBN)

Oil falls most in eight weeks as investors avoid risky assets
(DBN)

Goldman Sachs: Shale will drive global oil growth through 2021
(DBN)

Oil's $133 Billion Black Market
(DBN)

Barclays: $70 More Likely Than $100
(DBN)

IEA forecasts lower oil demand as China-U.S. trade clash persists
(DBN)

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Retailing:

Big Lenders Make Push To Liquidate Sears • BofA, Wells Fargo, Citigroup Push Sears to Liquidate • A Sears liquidation could create some winners and over 100,000 losers • Sears pitches its future to lenders as it eyes bankruptcy • Looming Sears bankruptcy promises plenty of drama • Sears reportedly weighing bankruptcy or liquidation as company struggles to make ends meet • Don’t Make Eddie Lampert Do This • Sizing up Sears bankruptcy • Major investor unloaded Sears stock ahead of bankruptcy reports • Sears CEO Eddie Lampert is exploring a bid for some of the company's assets in an alternative bankruptcy scenario • Lampert said to be mulling bid for Sears assets in bankruptcy • What shoppers should do if the company files for bankruptcy • Sears bankrupt by Monday? • Here are 5 things Sears got wrong that sped its fall • Sears is Skipping Payments to Vendors • What This Analyst Expects To Happen With A Sears Bankruptcy • A Billionaire’s Sears Fiasco Is Finally Nearing Its End • Pressure builds on Sears as liquidation talk swirls • 5 Retailers That Could Benefit From a Sears Bankruptcy • Sears stock price plummets 16 percent on report retailer's bankruptcy filing is imminent • This Is What Sears Looked Like During Its Glory Days • Empty shelves, poor customer service speed Sears' demise • A Sears bankruptcy could add to mall space glut • Why Sears Could Never Last, and What Other Brands Can Learn From the Iconic Retailer’s Demise
(DBN)

Could Sears’ demise spell doom for malls?
(DBN)

We went shopping at one of New York City's most famous department stores as it prepares to close for good. Here's what it was like
(DBN)

First Toys R Us, Now Sears? Holiday season may be minus yet another iconic retailer
(DBN)

Toys “R” Back? Iconic Retailer in the Midst of Liquidation May be Poised for a Reboot
(DBN)

Mattress Firm gets green light to close stores, pay vendors • Court Grants Mattress Firm Permission to Close 209 Stores as Retailer Asks to Reject Another 97 Leases
(DBN)

The Post Office wants to raise the fees it charges Amazon and other shippers
(DBN)

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Pensions:

A Sears bankruptcy could cause one of the biggest pension defaults ever, but the government would protect 90,000 retirees
(DBN)

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Coal:

Second Major Coal Company Declares Bankruptcy During Trump Presidency
(DBN)

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Carpet:

Bankruptcy trustee files suit against Beaulieu officials
(DBN)

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Tax:

Baseball Teams Aren’t Really In The ‘Athletics’ Business And So Shouldn’t Have To Pay Taxes: Baseball
(DBN)

IRS Keeps Percentages Paid Private Collection Companies Secret
(DBN)

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Consumer Finance:

Many millennials are turning to payday loans
(DBN)

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Non-Profits:

Texas Equusearch on verge of bankruptcy amid heavy caseload
(DBN)

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Education:

The Little College Where Tuition Is Free and Every Student Is Given a Job
(DBN)

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Cryptocurrency:

Roubini: Crytocurrency Mother of All Scams
(DBN)

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Artifacts:

Museums hit out at Titanic artifacts auction process
(DBN)

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Personal Finance:

Do Nice People Fare Worse Financially?
(DBN)

Study shows older consumers have higher credit scores
(DBN)

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Advisers:

B. Riley FBR Adds Richard NeJame as Senior Managing Director, Corporate Restructuring
(DBN)

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Celebs:

Teresa Giudice Has No Sympathy for Husband Joe Amid Deportation Order, Says 'RHONJ' Co-Star • What Did RHONJ’s Teresa Giudice Write in a Letter to Donald Trump? • After Bankruptcy Fraud Prison Sentence, 'Real Housewives' Husband Will Be Deported To Italy
(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 (19 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (12 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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Claims Trading:

Caveat Emptor—Anti-Assignment Clause Renders Transferred Claim Unenforceable
(DBN)

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Sales:

SDNY Decision Could Inject Uncertainty into 363 Sales
(DBN)

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Ch. 12:

Eighth Circuit’s In re Knudsen Opinion is Still Good Law on Chapter 12 Taxes — Despite the U.S. Supreme Court
(DBN)

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Valuation:

Fifth Circuit Adopts Flexible Approach to Collateral Valuation in Cramdown Chapter 11 Cases
(DBN)

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Cross-Border:

Recent Decisions Pertaining To Chapter 15
(DBN)

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Setoffs:

Two Circuits Agree on When Social Security Benefits Accrue
(DBN)

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Bankruptcy Remoteness:

Fifth Circuit Rules That Corporate Charter Provision Requiring Shareholder Consent for Bankruptcy Filing Is Enforceable but Declines to Rule on Validity of "Golden Shares"
(DBN)

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Veil Piercing:

Squandered Claim? Creditor’s “Veil Piercing” Cause of Action Held to Be Receivership Property – Even After the Receivership Ended
(DBN)

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Venue:

The Southern District of Texas: The Next Big Venue in Commercial Bankruptcy?
(DBN)

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Awards:

2019 Benchmark Litigation Rankings
(DBN)

Who's Who: Litigation 2018
(DBN)

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Autos:

Local attorneys will get paid in Reagor Dykes case over Ford's objection
(DBN)

Reagor Dykes corporate jet taken back by lender in bankruptcy agreement
(DBN)

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Fraud:

Fyre Festival Scammer Billy McFarland Sentenced To Six Years In Prison
(DBN)

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Politics:

Americans are now copying Russia and making hundreds of fake Facebook accounts to influence politics
(DBN)

Kanye West called himself a 'm----- f-----' in the Oval Office and gave Trump a massive hug during White House visit • West Wing-Nut: Kanye’s Visit To Oval Office Leads To Unhinged and Demeaning Rave • Kanye West goes on a wild, rambling Oval Office tirade in praise of President Trump • Kanye and Trump’s mutual fascination with each other, explained • "That was quite something": Kanye West steals the show at the White House • Kanye West’s White House Visit Was a Paean to Male Bonding
(DBN)

Dina Powell leaning toward staying at Goldman Sachs instead of becoming Trump's UN ambassador
(DBN)

GOP Rep. Steve Knight distances himself from Trump in tight California race
(DBN)

Voting rights become a flashpoint in Georgia governor’s race • Georgia put 53,000 voter registrations, mostly black, on hold, fueling new charges of voter suppression • Georgia Minority Votes Disappearing
(DBN)

Poll: Cruz Over Beto by 9
(DBN)

Elizabeth Warren reportedly trashed White House's John Kelly over his embarrassing emails • Kelly Called Warren Impolite and Arrogant • 'Blah, blah, blah': John Kelly described Elizabeth Warren as an 'arrogant woman' after a heated phone call on Trump's travel ban
(DBN)

GOP Candidate Blasts Own Party’s Attack on Dem Veteran’s PTSD, Party Vows to Continue Anyway
(DBN)

Americans Strongly Dislike PC Culture
(DBN)

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Student Debt:

Student Debt Crisis Exceeds $1.4 Trillion Dollars
(DBN)

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Tech:

Facebook Stock Down 30% Since July
(DBN)

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Travel:

Ten Tips For Travelers To Protect Themselves From The Next Airline Shutdown
(DBN)

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Religion:

Lessons from the Archdiocese Case
(DBN)

Vatican accepts resignation of embattled D.C. archbishop • Pope accepts senior U.S. cardinal's resignation amid abuse scandal
(DBN)

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UK:

BDO pursues Bell Pottinger partners for £3.8m
(DBN)

UK fashion chain Coast goes out of business, Karen Millen buys some assets • 300 jobs at risk as fashion chain Coast collapses
(DBN)

Patisserie Valerie owner warns of collapse without urgent capital injection • FRC set to take on Patisserie case • Patisserie Valerie's finance director arrested
(DBN)

U.K. Economy Set for Best Quarter Since 2016 Despite Flat August
(DBN)

UK: PM May Have to Leave to Save DUP Deal
(DBN)

Britain's RBS pays first dividend in decade
(DBN)

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PIIGS:

EU warns of contagion risk if Italy does not change budget plans
(DBN)

Italy's Builders Add $118 Billion Headache to Banks' Problems
(DBN)

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Canada:

Quick Auto and the Principle of Unconscionability
(DBN)

Wicker Emporium faces bankruptcy
(DBN)

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China:

China Admits, Millions in Interment Camps
(DBN)

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MENA:

Saudi Journalist’s Disappearance Sends Chill Through Foreign Investors, Firms • Trump just literally put a price tag on Jamal Khashoggi’s life • Trump Has Rejected Calls to Halt Saudi Arms Sales Over Journalist's Disappearance. But Congress Could Force His Hand • Senators Push to Stop Saudi Arms Deal • Media Companies Drop Out of Saudi Event • Branson Stops $1 Bn Saudi Investment Talks • Saudi journalist Jamal Khashoggi’s mysterious disappearance, explained • Turks: Khashoggi Was Murdered Inside Saudi Consulate • Saudi crown prince's charm offensive coming undone • Turkey Has Audio, Video of Murder
(DBN)

IMF to seek 'absolute transparency' of Pakistan's debts in bailout talks • For Pakistan’s 13th IMF bailout, expect tougher conditions • 'Path of thorns': An IMF bailout set to impede Pakistan PM's populist agenda
(DBN)

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India:

Govt working on bailout plan for debt-ridden Air India
(DBN)

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