October 16, 2018

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Biglaw Firm Makes It That Much Harder To Get Your Bonus
(DBN)

Biglaw Firm Admits It Botched Handling Of Assault Allegation Against A Partner
(DBN)

Suspended lawyer is convicted of embezzling $26M from his now-bankrupt law firm
(DBN)

Schnader Harrison Wants Inheritance Malpractice Case Axed
(DBN)

Litigation Boutique Spins Off from McKool Smith, Promising Innovative Model - Promises to eschew hourly billing and to pay associates on a scale higher than Cravath's
(DBN)

King & Wood Mallesons Under Investigation for Overworking Lawyers
(DBN)

Former Orrick CEO: 'Everybody Wins' If Law Firms Invest, Adapt
(DBN)

Lawyer is suspended after client secretly recorded his bragging about discovery game
(DBN)

Not Interested In A Lot Of Educational Debt? This Law School May Be For You
(DBN)

Lawyers and the Changing Legal Industry: Three Traits to Survive and Thrive Over the Long Haul
(DBN)

The Law School That Provides The Best Return On Your Investment
(DBN)

Struggling Law School’s New Dean Calls It Quits After About A Year On The Job
(DBN)

Ready, Set, Speak: 5 Strong Ways To Start Your Next Presentation
(DBN)

Texting. Two Different People. While On A Conference Call.
(DBN)

Amal Clooney Has No Patience For Donald Trump’s Snide Comments About Christine Blasey Ford
(DBN)

DC Judge Tees Up Proof Questions in Mueller's Russian Troll Farm Case • Lawyer for indicted Russian firm says special counsel 'made up a crime'
(DBN)

Judge dismisses Stormy Daniels' defamation suit against Trump, says president deserves attorney's fees • Trump Escapes Stormy Daniels' Defamation Suit
(DBN)

New leader of Justice Department’s civil rights division had defended companies accused of bias
(DBN)

Former Senate intel staffer pleads guilty to lying to the FBI
(DBN)

Meet the Former Kirkland Partner Under Consideration to Be the Next White House Counsel
(DBN)

Harvard Admissions Chief Defends Policies in First Day of Trial • Harvard: Race can only help, never harm, applicants’ chances • What the Harvard Trial Is Really About
(DBN)

ICE data: Tens of thousands of deported parents have U.S. citizen kids • Worst Behaved Border Agents are in Texas • Migrant Caravan forms in Honduras heading towards US?
(DBN)

Director Bryan Singer Next Up for #MeToo • #MeToo? America Shifts Against the Victims • Hillary Proves She Doesn't Get #MeToo
(DBN)

How A Fitness Tracker Can Solve Crimes
(DBN)

She Tried to Block 'Suspicious' Black Neighbor from His Home
(DBN)

Student Baked Cookies Using Grandparents Ashes, Gave To Classmates
(DBN)

New York marks first shooting-free weekend in 25 years
(DBN)

‘Empty Head’ Errors Lead to Attorney’s Reprimand
(DBN)

‘How to Get Away with Murder’ takes a somewhat realistic look at law school and legal employment
(DBN)

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Judges:

BK ND FL: Hurricane Michael - Administrative Orders Entered
(DBN)

BK WD PA: Standing Order For Complex Ch. 11 Case Procedures
(DBN)

Trump says his mockery of Kavanaugh accuser 'won' the confirmation
(DBN)

Suspended West Virginia justice is convicted for false statements, misuse of state vehicles
(DBN)

Florida Supreme Court rules Rick Scott cannot fill judicial vacancies
(DBN)

Judge Sues Judge Over Totally Adolescent Social Media Spat
(DBN)

Attorney General Jeff Sessions attacks judges thwarting Trump agenda, hits order for Wilbur Ross deposition • Jeff Sessions Inveighs Against Federal Judges
(DBN)

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Wall Street:

U.S. stocks poised to rise after Monday’s tech-driven selloff • Dow futures rise 100 points ahead of Goldman Sachs earnings
(DBN)

Stocks end lower as Wall Street remains on edge • Stocks fall, led by tech, as Wall Street fails to bounce back from last week's rout
(DBN)

Goldman says the sell-off is just about over and tells investors to get back into growth stocks • This stock-market pullback probably has further to go: analysts
(DBN)

These sudden stock-market plunges really are much more frequent, this chart shows
(DBN)

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Politics:

Democrats will be able to make Trump's tax returns public if they take back Congress. Here's how.
(DBN)

The midterms are a referendum on Trump. He's embracing it.
(DBN)

Report: DHS warns of escalation in election hacking attempts • How hackable are American voting machines?
(DBN)

Facebook will ban misinformation around voting during the midterm elections
(DBN)

Elizabeth Warren releases DNA results on Native American ancestry as Trump denies offering $1 million for test • Warren Releases DNA Analysis Showing Evidence of Native American Heritage • Trump denies offering $1 million for Warren DNA test, even though he did • In context: Trump's $1 million offer to Elizabeth Warren • Trump insists Elizabeth Warren 'owes the country an apology' as Cherokee Nation says using DNA test to prove sliver of American Indian blood is 'inappropriate and wrong' – and president will write $1 million charity check only 'if I can test her personally' • Warren’s DNA test: ‘Pocahontas’ pushback, possible 2020 prep • Did Elizabeth Warren Just Kill Identity Politics? • The First DNA Test as Political Stunt • Warren makes the case that she can go toe-to-toe with Trump • 'Why can't Dems ever stay focused???': Elizabeth Warren's DNA test sparks a heated debate on the left • Cherokee Nation says Elizabeth Warren's DNA test was "inappropriate" • Warren's DNA test: What it can and can't tell us • How Accurate are Online DNA Tests? • Feeling the Need to Defend Your Credentials
(DBN)

No, Alec Baldwin is not calling for a coup to topple President Trump
(DBN)

Sasse: We're Headed for a Darker Tribal Place
(DBN)

Fact-checking Donald Trump's interview on 60 Minutes
(DBN)

Republicans worry that Trump and his aides have no idea the hell that may await
(DBN)

Trump makes new overtures to Democrats
(DBN)

Gillum FactCheck: "Of course you've got a low unemployment rate when people've got to work two and three jobs just to make ends meet"
(DBN)

Wave watch: A midterm split • Poll: Blue Wave Isn't Really Happening • Five things to watch in Cruz-O'Rourke debate showdown
(DBN)

Trump Has Raised $100M for Reelection
(DBN)

The Trump administration's withdrawal from world affairs is causing chaos, ex-NATO chief says
(DBN)

GOP senator accused of snatching phone from student recording him
(DBN)

Poll of Polls: Presidential Job Approval - 43.5% Approve / 52.7% Disapprove
(DBN)

Gallup: Congress Approval Still Low Heading Into Midterms
(DBN)

‘I’m 100% With You,’ Trump Tells Mattis After Hinting at the Secretary’s Departure • James Mattis rejects Trump's claim that he is "sort of a Democrat"
(DBN)

Where people show up to vote — and where they don’t
(DBN)

Little Partisan Agreement on the Pressing Problems Facing the U.S.
(DBN)

GOP plays blame game while fighting to save House majority
(DBN)

Not Even Trump Wants to Praise Robert E. Lee
(DBN)

Susan Collins Targeted with Ricin
(DBN)

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Climate:

2018 is "almost guaranteed" to be Earth's 4th-warmest year on record
(DBN)

Beer lovers face price spikes, shortages as climate changes: study
(DBN)

Michael Will Cost Insurers Billions, But Won't Overwhelm Industry, Analysts Say • IRS says victims of Hurricane Michael will get tax filing relief • Delinquency Spike Forecast for Hurricane-Hit Areas • Families search for the missing in the hurricane's aftermath • Trump marvels at damage from Hurricane Michael in Florida • Trump, in hurricane-hit Florida: 'We are doing more than anybody would've done' • After Hurricane Michael, Residents Determined to Rebuild Shattered City
(DBN)

Cost Of Climate-Related Disasters Soars 150%
(DBN)

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Student Debt:

This couple has paid off $200,000 in student loans in a year—but they've still got $450,000 to go
(DBN)

If you move to this state, they'll help you pay off your student debt
(DBN)

Defrauded Students Win Class Certification in Lawsuit Against DeVos
(DBN)

Financial and student loan (il)literacy among US college students
(DBN)

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Economy:

The US budget deficit ballooned to $779 billion this year, the highest since 2012, driven by Trump's tax law and the massive budget deal • America's budget deficit jumps by 17% as spending surges • U.S. budget deficit grew by $113 billion in fiscal year 2018 • Feds Collect Record Individual Income Taxes in FY 2018; Still Run $779B Deficit
(DBN)

Cramer: The Fed is 'vastly out of touch' — I favor one more hike, then 'Yellen-ize' and hold
(DBN)

Janet Yellen: Economy's strong run could last through 2019
(DBN)

Janet Yellen Calls Trump’s Attack on Fed Counterproductive
(DBN)

Talk of a US recession in 2020 is a little premature • The Next Recession: Something…Perhaps Not Really Wicked… But Certainly Annoying…This Way Comes
(DBN)

Fed GDPNow latest forecast: 4.0 percent — October 15, 2018
(DBN)

Trump Steering Economy To An Outdated Model: Joe Stiglitz
(DBN)

Carl Icahn says tariffs are a 'dangerous game' and have caused stock market crashes • A Trump-Xi Summit Won't Defrost the US-China Cold War • Trade war with China is taking a backseat to this other threat to corporate profits • Trump's trade war is starting to whack car companies like Ford, Honda, and BMW • US-China Trade War May Cost BMW $600M Next Year • Higher U.S. tariffs on Japanese cars less likely, trade war posing risk: Reuters poll • Suit-Maker Zegna Says Trade War Slowing China Luxury Demand • China stocks tumble on US trade war concerns • US, China trade war: Why robots may be a game-changer • How falling US stock markets can give China more leverage against Trump in the trade war • The Messy Unintended Consequences of Trump's Trade War • Trade war may undermine China’s whole basis for future development • China ‘very confused’ about trade war contact in Washington • Stocks down as Trump threatens more China tariffs • U.S. tariffs loom at China's biggest trade fair • Tariffs Fuel Already High Construction Costs • Trump Tariffs Yet to Sting China • Even optimists are giving up hope of a quick resolution to the US-China trade war
(DBN)

Trans Pacific Partnership to Happen w/o US
(DBN)

The usual suspects (behind U.S. trade deficits): China, Canada, Mexico, Japan, and Germany : A long-term lineup of U.S. trading partners
(DBN)

Powell has lost his North Star, and the Fed is flying blind
(DBN)

US import prices increase 0.5% on a jump in fuel costs
(DBN)

Jeff Bezos predicts we'll have 1 trillion humans in the solar system
(DBN)

LA area Port Traffic in September
(DBN)

$15 an hour: A higher wage, but hardly a living
(DBN)

IMF Cuts Outlook for Global Growth
(DBN)

Forget the Wall Street carnage: To read the economy, look at how much Americans are eating out
(DBN)

More American women are having babies in their 30s than their 20s
(DBN)

Top 3% of U.S. Taxpayers Paid Majority of Income Taxes in 2016
(DBN)

Late Payments Sound Sour Notes
(DBN)

'It's the Legacy of Slavery': Here's the Troubling History Behind Tipping Practices in the U.S.
(DBN)

The economist that predicted the housing crisis warns the Fed is engaging in behavior that's almost always caused a recession • Recession Indicator? Chinese, German, And U.S. Auto Markets Are Rolling Over
(DBN)

By 2050, many 'fundamental assumptions' about the business world will change: UN program head
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Uncertainty on how the housing market will react to rates above 5 percent
(DBN)

House Prices and Inventory
(DBN)

Mall owners say good riddance to Sears — because now they can triple the rent • Sears bankruptcy not a bad thing for malls, says pro • Kimco sees opportunities after Sears bankruptcy filing
(DBN)

Centennial-based entities affiliated with homebuilder file for Chapter 11 bankruptcy
(DBN)

Trump socialism and housing finance
(DBN)

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Municipalities:

Puerto Rico bankruptcy judge: Prepa board member’s suit is tied to utility’s case
(DBN)

How Manhattan Became a Rich Ghost Town
(DBN)

Affluent cities gained at expense of Trump's 'forgotten' America: study
(DBN)

Is the 'B' word in Illinois' future?
(DBN)

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Oil/Gas:

Here’s why oil isn’t rallying despite U.S.-Saudi tensions over missing journalist
(DBN)

Oil Market Enters a Danger Zone
(DBN)

Goldman Sachs: This Is The Next Big Risk For Oil
(DBN)

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Retailing:

Bankruptcy judge approves financing to keep Sears open • BofA Agents $300MM DIP • Sears Enlists Weil Gotshal & Manges in Chapter 11 Bankruptcy • Summary: New Chapter 11 Bankruptcy: Sears Holdings Corporation • Bankruptcy should finally illuminate Eddie Lampert's master plan • Here's what triggered the Sears death spiral into bankruptcy • Bankruptcy Filing Shifts Spotlight to Sears’s Pension Plans • Sears faces tough foe: an unforgiving bankruptcy code • Sears, a Onetime Retail Giant, Now Banks on Bankruptcy • Sears plan to get out of bankruptcy has a familiar ring • President Trump says Sears was 'improperly run' and its bankruptcy is 'a shame' • Trump Says Sears Bankruptcy Is a 'Very, Very Sad' Moment • Trump says Sears has been mismanaged for years as he laments its bankruptcy - but his Treasury Secretary Steven Mnuchin was on its board until 2016 • Sears Bankruptcy Hits Close to Home for Trump • Sears Is Not a Failure • Plan for a smaller Sears begins to emerge in bankruptcy court • Sears Had a Good Life. It Was Time to Go • Sears bankruptcy was 'a when, not if,' says expert • Cramer: Capitalism getting rid of Sears is good • Is Sears a turnaround candidate or ‘walking zombie’? • Sears Has Only Itself to Blame for Its Decline • Seritage Seeks to Reassure Shareholders After Sears Bankruptcy • Timeline: How bankrupt Sears dug its own grave • Sears has filed for bankruptcy, but that doesn't mean it's shutting down • Sears craters after filing for bankruptcy • Sears hopes hang on $420m deal • Sears Finally Sells Out • On Way To Bankruptcy, Sears Squandered Online Advantage, Making A Hard Task Even Harder • Bankruptcy gives Sears the opportunity to stay alive, its chairman says • Controversial Sears boss Eddie Lampert might be the company's last hope in bankruptcy • The Billionaire Who Led Sears Into Bankruptcy Court • Sears Is Dead. Eddie Lampert Is Still Very Much OK. • Meet the billionaire investor who led Sears into bankruptcy • 'I've decided to step down as CEO': Eddie Lampert sends email to Sears employees after the company files for bankruptcy • Yes, Blame Eddie Lampert For Sears' Bankruptcy, But Don't Forget These Other Contributors • Warren Buffett predicted the fall of Eddie Lampert and Sears over 10 years ago • Eddie Lampert's Sears obsession faced a brutal 1-2 punch • Bankrupt Sears to be led by three executives in CEO shakeup • Sears bankruptcy brings back fond memories for customers, even if they haven’t shopped there in a while • Sears, Finally Bankrupt, Now Tries to Avoid 'Dustbin of History' • Icahn says he's 'taking a look' at bonds of bankrupt Sears • Sears’ Bankruptcy: Experts weigh in • Sears posts job openings with bankruptcy filing ink still wet • Sears just filed for bankruptcy- so what's next? • Landlords across America are cheering Sears' bankruptcy • The Sears Bankruptcy Is Likely to Inflict Pain on Mall Owners for Years • Sears bankruptcy: What does it mean for shoppers? • Sears bankruptcy could make these 5 big companies multi-million-dollar losers • The Sears Bankruptcy Is Likely to Inflict Pain on Mall Owners for Years • Lands’ End shares sink after Sears bankruptcy announcement • Stanley Black & Decker among largest creditors in Sears bankruptcy • Whirlpool says there will be 'very limited' impact from Sears bankruptcy • Sears Files for Bankruptcy as Retailer Seeks to Reorganize Around 'Smaller Store Platform' • Another US retailer on the ropes as Sears files for bankruptcy • Sears filed for Chapter 11 with plans to close 142 stores — now what? • The Amazon of its day, Sears' woes were years in the making • Expecting Sears Holdings To Liquidate • The Rise and Fall of Sears: A Timeline From Its Founding to Its Bankruptcy • Sears' Bankruptcy, The PBGC's Debt And Your Retirement • When Sears Was Everywhere: Espionage, Politics and Fine Art • How Sears paved the way for how you shop today • As Sears goes bankrupt, JC Penney, Walmart and others set to benefit • How The Rest of Retail Will Fare With Sears’ Bankruptcy • Why JC Penney Is Key as Sears Files For Bankruptcy • Best Buy, Target could win in Sears bankruptcy — unless they're right next door • Which retailers will benefit the most from Sears’ bankruptcy? • Sears Adds to the Depressingly Long List of Bankrupt Retailers • We visited a Sears store on the day the company filed for bankruptcy, and it felt like a ghost town. Here's what it was like shopping there •Sears: How Disrupters Can Get Disrupted • 13 Surprising Facts About Sears, Which Just Declared Bankruptcy • Here is a map of the 142 Sears and Kmart stores set to close • Sears bonds fall deep into distressed territory after bankruptcy filing • Q&A: What shoppers need to know about Sears’ bankruptcy • Sears investors should welcome Chapter 11 • Sears' last chapter: More panic over e-commerce • Sears Seeks to Repair Fraying Supply Chain in Bankruptcy • Sears retirees on bankruptcy: We saw it coming • Sears was 'toast' ever since its 2005 Kmart merger, says former Sears Canada CEO
(DBN)

Retail Sales increased 0.1% in September • U.S. retail sales are soft for the second month in a row despite strong economy • Retail Sales Reach $509B In September, Falling Short of Economists’ Expectations
(DBN)

Amazon could suffer 5% income drop if proposed U.S. Postal Service price hikes go into effect
(DBN)

The Tale Of Two Malls In A Post-Anchor World
(DBN)

National Stores Is Closing Remaining Locations
(DBN)

Accessories firm Claire's 'discussing closures'
(DBN)

Walmart's stock falls after earning outlook cut
(DBN)

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Autos:

German Automakers Could Face Detroit's Fate
(DBN)

Supersonic car project needs $33 million to avoid bankruptcy
(DBN)

New York Reins in the Use of Automobile Kill Switches
(DBN)

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Transit:

Scooters are back in SF, and already people are behaving badly
(DBN)

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Tax:

Tax evasion: Blacklist of countries with 'golden passport' schemes published
(DBN)

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Celebs:

Prince estate officials hit with creditor's claim over appraisal work
(DBN)

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New Bankruptcy Opinions
(7 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Chapter 7, 12 & 13 Private Trustee Locator
(DBN)

Recent Ch. 11 Filings (38 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (6 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:

Retail defaults are at an all-time high — here are all the bankruptcies and liquidations so far in 2018
(DBN)

Weekly Bankruptcy Claims Trading Activity
(DBN)

Filing Trends in New York (Since 1990) • Filing Trends in Connecticut (Since 1990) • Filing Trends in District of Columbia (Since 1990) • Filing Trends in Illinois (Since 1990)
(DBN)

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Consumer Bankruptcy:

Updated Means Test Information for Cases Filed on and After November 1, 2018 • Census Bureau, IRS Data and Administrative Expenses Multipliers
(DBN)

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Automatic Stay:

Federal Court Rules That An EEOC Lawsuit Is Not Barred By Bankruptcy Code’s Automatic Stay
(DBN)

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Contracts:

There is Such a Thing as a “Material Adverse Effect”: Delaware Court Supports Buyer’s Right to Terminate
(DBN)

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Claims Trading:

A Cautionary Tale for Claims Traders and Other Contract Counterparties
(DBN)

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Advisers:

Notice of Appearance: J. Scott Victor, Managing Director at SSG Advisors LLC
(DBN)

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Healthcare:

50% of cancer patients burn through their entire life's savings in just two years
(DBN)

Pauls Valley hospital likely to stay closed unless donor puts up $5 million
(DBN)

Bankrupt company says it could close Mississippi hospital
(DBN)

The Great American Health Care Panic
(DBN)

Birthing the next royal baby will probably be cheaper than the average American birth
(DBN)

Medicaid and the fate of Obamacare are at the heart of the heated Georgia gubernatorial race
(DBN)

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Personal Finance:

'Shark Tank' judges Kevin O'Leary and Robert Herjavec fight over when to quit your job
(DBN)

He retired at 34. Here's how many people are enjoying a very early retirement
(DBN)

Here's what it's like to live on $100K a year in LA
(DBN)

Why talking about retirement makes millennials mad
(DBN)

8 Best Places to Retire in America
(DBN)

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Newspapers:

As more newspapers fail, news 'deserts' expand in US: study
(DBN)

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Taxis:

Cities Made Millions Selling Taxi Medallions, Now Drivers Are Paying the Price
(DBN)

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Pharma:

Feds say drug companies must reveal prices in ads
(DBN)

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Artifacts:

Museums 'discouraged' in bidding for Titanic relics
(DBN)

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Food/Beverage:

Helltown Brewing to acquire Rivertowne Brewing in bankruptcy • Rivertowne Brewing has a new owner
(DBN)

Kane Beef on the chopping block
(DBN)

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Electricity:

Blackouts Criticized as Utilities’ Self-Protection When California Fire Risk Is High
(DBN)

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Circuses:

Former Big Apple Circus Exec Claims Firing Was Breach of Contract
(DBN)

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Coal:

US coal miner Mission Coal files for Chapter 11 bankruptcy
(DBN)

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Pensions:

Companies With Newly Flush Pensions See Chance to Unload the Risk
(DBN)

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UK:

Katie Price is all smiles as she goes house-hunting after fleeing rehab amid bankruptcy woes
(DBN)

Former Bank of England deputy says bank CEOs are ‘perhaps too powerful’
(DBN)

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Canada:

Canada announces 25% safeguard tariff on steel imports from China
(DBN)

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PIIGS:

Italy’s government OKs draft budget that would widen deficit • Leave Italy alone: The EU wants fiscal austerity in a sinking economy • Italy’s Government Endorses Draft Budget That Would Widen Deficit • Italian stocks flirt with best day in 3 weeks amid EU budget clash • Italy unrepentant as it throws down the gauntlet to Brussels over spending
(DBN)

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MENA:

Saudis reportedly preparing to claim Jamal Khashoggi was killed as a result of a botched interrogation • Saudis weigh saying Khashoggi was killed by mistake • Trump suggests 'rogue killers' murdered journalist Khashoggi • Khashoggi crisis: The "rogue killers" escape • Pompeo in Saudi Arabia for Crisis Talks • The companies who have backed away from Saudi business over Khashoggi • Why the market is suddenly concerned Saudi Arabia will weaponize oil in Khashoggi dispute • Google's top cloud exec drops out of Saudi tech conference after journalist disappearance • Journalist's disappearance the 'first big policy crisis' for Trump administration: Ex-NATO commander • It's highly unlikely that journalist Khashoggi recorded inside the Saudi consulate using Apple Watch • Hollywood talent firm to consider return of $400 million of Saudi cash • Investigators inspect Saudi consulate where writer disappeared • BlackRock won't cut ties if it turns out Saudi Arabia ordered Khashoggi's murder: Larry Fink
(DBN)

Saudi Arabia is America's No. 1 weapons customer
(DBN)

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India:

Panic selloff in stock market after IL&FS crisis: Is the NBFC party over?
(DBN)

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Asia:

Guide to Restructuring, Turnaround and Insolvency in Asia Pacific
(DBN)

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China:

China's consumer inflation jumps to 7-month high
(DBN)

$6 trillion of local government debt may be lurking under the surface in China
(DBN)

China says internment camps are 'free vocational training'
(DBN)

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Mexico:

Under Carlos Slim, Sears México is far from bankruptcy
(DBN)

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Barbados:

Creditor support comes in for Barbados debt exchange offer
(DBN)

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Iceland:

Iceland Seeks Financial Crash Closure With Last Prosecution
(DBN)

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