October 17, 2018

The Daily Bankruptcy News

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Law:

We Should Double Year-End Associate Bonuses
(DBN)

Law Firm Under Investigation For Overworking Associates
(DBN)

Time Off to Train a Puppy? That's Actually a Thing at Susman Godfrey
(DBN)

Boutique Reichman Jorgensen Dangles ‘Cravath’ Pay for Associate Talent
(DBN)

Ex-Foley Partner Gets 2-Year Suspension For Document Tampering
(DBN)

Covington Lobbyist, Up for Federal Claims Judge, Reveals Firm Pay
(DBN)

DC Investigations Lawyer To Be New White House Counsel
(DBN)

Williams & Connolly Partner, Up for 4th Circ., Discloses $650,000 Income
(DBN)

Does 'Covering' Help Mask a Diverse Big Law Workplace?
(DBN)

Tennessee agency rejects proposal to move Valpo Law
(DBN)

K&L Gates Repped Both Tech Co. And Its Lenders, Suit Says
(DBN)

Law School Professor Screws Up Grades — Twice — In Grading Debacle
(DBN)

Race-Blind Admissions Harm Students, Harvard Dean Testifies
(DBN)

Afraid It Will Lose ABA Accreditation, Law School Applies For Alternate Accreditation So Grads Can Take Bar Exam
(DBN)

Firm Promises New Focus On Mental Health… Then Demands Young Attorneys ‘Provide Evidence’ They Can’t Work All Night
(DBN)

Why Are Women Lousy Negotiators? Hint: They Don't Lie Enough
(DBN)

Your Law School’s Predominantly White Male Faculty Profile Pics
(DBN)

This Law School’s Graduates Are Just Swimming In Debt
(DBN)

LegalZoom GC Eyeing New Tech, Expansion Into Foreign Markets
(DBN)

New game lets players train AI to spot legal issues
(DBN)

How Bridging The Gap Between Legal Operations And Technology Entities Is Benefiting The Legal Industry
(DBN)

Purina Counsel Sanctioned in Acrimonious Suit
(DBN)

Jones Day Again Tops Trump Campaign's Legal Billing, New FEC Filings Show
(DBN)

Judge dismisses Trump from climate change suit, says case can go to trial
(DBN)

Trump calls Stormy Daniels 'Horseface' after a federal judge dismissed her lawsuit against him • She fires back • Michael Avenatti claps back at Trump's 'Horseface' tweet • 11 insults Trump has hurled at women • Trump’s ‘con job’ tweet wasn’t defamation of Stormy Daniels, federal judge rules
(DBN)

USA Gymnastics interim head resigns days after taking position
(DBN)

Lawsuit: Trump’s Attacks on the Press Are Illegal • Donald Trump Is the Punisher of the Press, According to PEN American Lawsuit
(DBN)

Duck Boat Company Invokes 1851 Law
(DBN)

Cops aren’t entitled to kill dogs during search just because they are unlicensed, 6th Circuit says
(DBN)

Chicago Video Shows Cop Shooting Disabled Kid
(DBN)

Sheriff Joe Files Lawsuit Against NYT
(DBN)

Lawyer who called decision ‘La La Land on steroids’ is suspended for his wide-ranging criticism
(DBN)

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Judges:

Grassley rejects Democrats plea to delay judicial hearings until after recess • GOP Advancing Judicial Nominations While Senate In Recess Because… Why Not?
(DBN)

Could Kavanaugh spell the end of the Supreme Court? • Chief Justice John Roberts Emphasizes the Judiciary's Independence After Kavanaugh Confirmation • Chief Justice Roberts Tells Audience Supreme Court Will Work For 'One Nation'
(DBN)

What’s happening with the ethics complaints against Brett Kavanaugh?
(DBN)

Judge Accused of In-Court 'Belligerence' Is Removed by NY Court of Appeals
(DBN)

Florida Supreme Court rules that current governor can’t replace 3 retiring justices • Florida Court Foils Governor’s Court Packing Arbitrage, But Kinda Upholds The Principle
(DBN)

Sessions blasts judicial activism
(DBN)

Fondly Missing The Supreme Court’s Justice Who Never Was
(DBN)

Term Limits, 11 Justices, Balancing & More: Reshaping SCOTUS Is in Vogue
(DBN)

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Wall Street:

Dow futures fall more than 100 points after biggest 1-day gain since March, with Fed minutes ahead • Stocks are set for a weak open after the Dow soars by over 500 points
(DBN)

Dow surges more than 500 points, posts best day since March as earnings fuel rally
(DBN)

You may be surprised at how many S&P 500 stocks have fallen at least 50% from record highs
(DBN)

History says the market sell-off isn't over and this drop will be 'sharper than the first'
(DBN)

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Layoffs:

Yanfeng announces mass layoff at Holland Tech Center
(DBN)

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Politics:

'I have seen Republicans and Democrats come and go': Mattis blows off Trump's political label for him
(DBN)

The stock market wants a Republican wave but expects to see two-party control of Congress
(DBN)

Trump goes on 12-tweet Twitter tirade
(DBN)

Frum: What Woodward Missed on Trump
(DBN)

Trump rips Elizabeth Warren for DNA test showing a small trace of Native American lineage • Eastern Band of Cherokee Indians chief voices support for Elizabeth Warren after she sparked controversy for taking a DNA test to prove her Native American ancestry • Doing it his way: Warren emulates Trump as she taunts him • Elizabeth Warren is Unfit to Lead • Elizabeth Warren's DNA Is Not Her Identity
(DBN)

Hillary Clinton made rural voters feel 'ashamed,' says former Boston Globe editor
(DBN)

'I don't think he has any money': Trump taunts Michael Avenatti after legal win and discounts his potential 2020 presidential bid
(DBN)

Trump tells AP he won’t accept blame if GOP loses House • 'It's a tough year': Read the full transcript of Trump's interview with the Associated Press
(DBN)

Rumor of an election hack could be as damaging as the real thing
(DBN)

The great white fight
(DBN)

With Trump in office, politics turns personal in this sprawling Florida retirement community
(DBN)

The message older voters will send in the midterm elections
(DBN)

Report: Twitter suspended 1,500 for spreading wrong election date
(DBN)

Millions Spent Guarding Confederate Graves
(DBN)

Was Gary Hart Set Up?
(DBN)

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Climate:

Hurricane Michael survivors in Florida can call hotline for legal assistance • Rescuers search for 1,000 missing in Florida Panhandle after hurricane • Florida towns face dark weeks without power. ‘This isn’t a restore. This is a rebuild.’
(DBN)

TX: Emergency Declared in 18 Counties
(DBN)

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Corporate Governance:

Chancery Imposes Anti-Suit Injunction to Enforce Forum Clause
(DBN)

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Corporate Reform:

Far Fewer Corruption Cases Under Trump
(DBN)

CFPB "Abusive" Rulemaking?
(DBN)

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Economy:

Trump says Fed is his 'biggest threat' because it is raising rates too fast • The history of presidential Fed-bashing suggests it has not been a fruitful strategy
(DBN)

Another great sign for the economy: Job openings hit an all-time high in August • BLS: Job Openings "reached a series high of 7.1 million" in August
(DBN)

The numbers are in, and Trump's tax cut didn't reduce the deficit – despite his many promises
(DBN)

Why is the Deficit So High?
(DBN)

U.S. Is World’s Most Competitive Economy for First Time in a Decade • US named the world's most competitive economy
(DBN)

Signs of Fundamental Shift in US China Ties • Tesla buys new plot for its first China factory
(DBN)

U.S. Steel workers set to get biggest pay raise in years
(DBN)

The Midwest economy is about to get pummeled again
(DBN)

5 reasons real interest rates are still so low
(DBN)

Industrial Production Increased 0.3% in September
(DBN)

New normal: out of wedlock births have stabilized
(DBN)

McConnell Calls for Cuts to Social Security, Medicare, Medicaid • McConnell on Massive Deficit: Not My Problem • Mitch McConnell on Rising Deficit: ‘It’s Not a Republican Problem' • Republicans Are Outraged About the Deficit They Caused
(DBN)

Forget the Social Security increase, this is why seniors are in trouble
(DBN)

Younger women tend to marry older men in the US. That’s finally changing
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

The U.S. housing recovery is built on quicksand
(DBN)

Weekly mortgage applications tank 7.1% as interest rates surge to a near 8-year high
(DBN)

TransUnion: Home equity lending is going to soar
(DBN)

Millennials now prioritize homeownership over starting a family
(DBN)

NAHB: Builder Confidence increased to 68 in October
(DBN)

Update: Real Estate Agent Boom and Bust
(DBN)

Housing Market Has Red Lights Flashing
(DBN)

Pump and Trump
(DBN)

37,000-acre ranch in Texas to sell after order from federal bankruptcy court
(DBN)

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Municipalities:

Muni Midterm Mayhem
(DBN)

Puerto Ricans displaced by Hurricane Maria are a new swing vote
(DBN)

Questions arise over unregistered lobbyists convening with legislators
(DBN)

Proposals for Puerto Rico power company concessions expected to be revealed in 1st quarter
(DBN)

Has Connecticut Found A Solution To Underfunded Public Pensions?
(DBN)

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Oil/Gas:

US Shale's Glory Days are Numbered
(DBN)

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Autos:

A US judge approved the settlement between the SEC and Elon Musk that will force Musk to step down as Tesla's chairman for three years
(DBN)

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Retailing:

Sears Files for Bankruptcy in NY: A Look at Which Law Firms Got the Work • Our court not good enough? Why a Chicago business icon filed bankruptcy in New York • Sears roundtable talks potential litigation, search for exit strategy • Sears Liquidation Would Cost Seritage Half Its Rent Income • Sears is closing hundreds of stores and keeping the rest open through the holiday season — but shoppers won't get the blowout deals they might be expecting • Sears Chairman Eddie Lampert pleas to employees: We need 'material progress' to avoid liquidation • Sears Still Has Its Biggest Fan - Will hedge-fund manager Eddie Lampert ever accept defeat? • 10 Years Ago Buffett Said Sears Would Die • How Sears undercut racism in retail, 100 years ago • A professor's tweets teach us what the 'radical' Sears catalog says about our racial past • Thanks to Sears, the musicians who gave America the Blues had an ax to grind • If It Weren't for Sears, There Wouldn't Be a Booyah, Says Jim Cramer • How Sears Was the Amazon of Its Day • 'There were mistakes along the way, for which I take responsibility': Eddie Lampert addresses Sears employees • The Sears Bankruptcy Is J.C. Penney's Last Best Chance to Recover • Just how much upside is there for J.C. Penney in Sears' bankruptcy? • Why Sears bankruptcy will be bad for J.C. Penney • Best Buy, now the 'last man standing,' will benefit from Sears bankruptcy, analyst says • After Sears' collapse, other retailers circle its customers • What's Going To Happen To All Those Sears Stores? • Sears soars 36% — one day after filing for bankruptcy • Sears' bankruptcy will have ripple effect, not all of it bad • Here’s why the Sears saga could go on for months • Sears Retirees Club members look back • Sears declares bankruptcy, but for its proud workers the decline was years in the making • 'Frankly, I'm surprised it took so long': Sears retirees not surprised by bankruptcy filing • Former Sears CEO comments on company's bankruptcy filing • Washington Prime CEO on why Sears' bankruptcy was not a surprise • Tempur Sealy talks Sears bankruptcy • CBL Properties Provides Update on Sears and Anchor Redevelopment Program • Steven Mnuchin, Who Sat on Sears' Board for Years, Could Impact the Pensions of Thousands of Workers • Sears' bankruptcy could leave N.E.-based creditors in the lurch • Iconic Sears Files for Bankruptcy. Will Your Business be Impacted? • No single force brought down Sears, but the lessons are haunting • Why Bankrupt Retailers Like Sears Have Such Little Time to Emerge From Chapter 11 • Cherish the demise of Sears
(DBN)

Sears Adds to the Depressingly Long List of Bankrupt Retailers--and Sends a Chilling Message to All Brands
(DBN)

Walmart saves $200 million by changing its light bulbs and $20 million with a new floor wax
(DBN)

On Wall Street, Us R Toys
(DBN)

Elizabeth Warren Takes Aim at Firms That Pulled the Plug on Toys ‘R’ Us
(DBN)

Mattress Firm's Bankruptcy Filing Is All About Its Real Estate. So Why Doesn't It Mention Its Real Estate Fraud Lawsuit?
(DBN)

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Student Debt:

Tens of thousands of defrauded students could now have their loans canceled
(DBN)

Court Gives Win to Students Over DeVos
(DBN)

Parents wrongly estimate annual college costs by more than $8,000, on average
(DBN)

1 in 3 baby boomers say college debt still stands in the way of saving for retirement
(DBN)

Cory Gardner bill would let employers make up to $10,000 a year in tax-free contributions to ease workers’ student loan debt
(DBN)

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Tax:

Trump Tax Law Fails to Kill Off Corporate America’s Prized Dodge
(DBN)

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Marijuana:

Canada has officially legalized marijuana for all adults • Cannabis is now legal in Canada, but pot companies expect a rocky start • Dreams of big profits as Marijuana becomes legal in Canada • Canada is now the world's largest legal marijuana marketplace
(DBN)

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Accounting:

Ex-KPMG Exec Admits Swiping Watchdog's Inspection Plans
(DBN)

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Food/Beverage:

Another financial blow for Kane Beef
(DBN)

Tops again planning big bonuses for top execs — this time, post-bankruptcy
(DBN)

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Auto Racing:

Force India creditors almost all 'paid off'
(DBN)

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New Bankruptcy Opinions
(8 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (18 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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Priority:

Ex-Wife’s Legal Fees Get Priority After Ex-Husband’s Bankruptcy
(DBN)

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Automatic Stay:

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

Northern District of Texas Holds EEOC Title VII Enforcement Action Falls Within Exception to the Automatic Stay
(DBN)

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Third Party Releases:

We, the Releasees (Redux): Delaware District Court Holds That Bankruptcy Court Had Constitutional Authority to Approve Nonconsensual Third-Party Releases
(DBN)

Third Circuit Enforces Plan Releases Against Later-Purchasing Shareholders Bringing Claims Concerning Post-Confirmation Conduct
(DBN)

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Mediation:

Optimum Timing for Mediation: Early . . . but Not Too Early
(DBN)

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Estoppel:

Court Denies Class Certification Based on Judicial Estoppel From Prior Bankruptcy
(DBN)

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Personal Finance:

Here's how much you should have saved by 40
(DBN)

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Healthcare:

Bankrupt company says it could close Mississippi hospital
(DBN)

Why the poorest Americans are most likely to be prescribed opioids
(DBN)

Medicare Premiums Could Jump in 2019
(DBN)

Study: Work less, live longer
(DBN)

Why ending surprise medical bills is harder than it looks
(DBN)

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Coal:

Rick Perry's Coal Rescue Runs Aground
(DBN)

Even Trump is beginning to realize that he can’t save coal
(DBN)

UMWA hire counsel following Mission bankruptcy filing
(DBN)

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Fraud:

4 Men, 7 Companies Indicted For $1B Telemedicine Fraud Scheme
(DBN)

The last days of Theranos — the financials were as overhyped as the blood tests
(DBN)

In Fraud Detection, Everything You Do Online and Off Is a Clue
(DBN)

Law Firm Barred From Contacting Madoff Clients About Suit
(DBN)

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Environmental:

Tonawanda Coke files for Chapter 11 bankruptcy
(DBN)

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Asset Protection:

Are Most Trusts Really (Potentially) Self-Settled Trusts?
(DBN)

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Religion:

New Orleans archdiocese, others in La., to name priests 'credibly accused' of abuse • Washington Archdiocese Lists 31 Priests Accused of Abuse • Abuse survivors say DC diocese list of abusive priests is "incomplete"
(DBN)

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Farming:

Oregon issues $187K fine to dairy for 224 violations
(DBN)

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Mass Torts:

Supreme Court Rejects Lead-Paint Maker Appeals in $400 Million Case
(DBN)

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Banking:

Bank of American profit climbs 32 percent on tax cuts, higher interest rates
(DBN)

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Electricity:

GenOn Announces NRG REMA LLC’s Petition Filing for Its Prepackaged Reorganization Plan • New Chapter 11 Bankruptcy Filing - NRG REMA LLC
(DBN)

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UK:

Spotlight on conflicts of interest for insolvency practitioners
(DBN)

It's a 'trap door': Two EU negotiators dropped clues that Britain is heading into a 'no-deal' Brexit • UK inflation drops sharply and unexpectedly as Brexit price squeeze slows down • Theresa May heads to Brussels with a no-deal Brexit looking more likely than ever before • It's Brexit crunch time for Britain. Can Theresa May survive it? • Europe’s key stock index takes cautious step higher with Brexit ‘moment of truth in focus’ • With ‘no-deal’ Brexit risk on the rise, analysts see uncertain path for pound • Brexit has reached a stalemate: Here's what you need to know
(DBN)

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EU:

EU ‘needs another crisis’ to finish banking union
(DBN)

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PIIGS:

Italy is on brink of a banking crisis as its debt costs spiral
(DBN)

The Insolvency Regime for Large Enterprises in Italy: An Economic and Legal Assessment
(DBN)

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MENA:

Saudi forensic specialist suspected to have played a role in the death of Jamal Khashoggi reportedly told people to listen to music as he dismembered his body • Jamal Khashoggi's killing took seven minutes • Suspects in Khashoggi Case Had Ties to Saudi Crown Prince • One of the people believed to have been involved in Jamal Khashoggi's disappearance reportedly identified as frequent travel companion of Mohammed bin Salman • Passport Scans Show Saudis Accused of Murder
(DBN)

Saudi Arabia using the 'oil weapon option' could cause prices to soar to $150 • Lindsey Graham says 'toxic' Saudi Crown Prince Mohammed bin Salman had Khashoggi 'murdered' and can 'never be a world leader' • IMF's Christine Lagarde postpones her Mideast trip, including the Saudi conference • Trump says 'that would be bad' if Saudi rulers knew about suspected killing of Jamal Khashoggi • Trump claims he has 'no financial interests in Saudi Arabia' — but he makes lots of money from it • From selling a Saudi billionaire his 282-foot yacht to sword-dancing on his first international trip as president, Trump's ties with Saudi Arabia run deep • A Saudi prince helped save Trump from bankruptcy—twice • Trump slams mounting criticism of Saudi Arabia as a case of 'guilty until proven innocent'
(DBN)

American Mercenaries Were Hired To Assassinate Politicians In The Middle East
(DBN)

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China:

China's hidden $6 trillion debt pile is an 'iceberg' posing a 'titanic risk'
(DBN)

Lost in transmission: China's small firms get more loans on paper but not in reality
(DBN)

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Brazil:

Brazilians Are Spewing Hatred at Each Other Ahead of Presidential Runoff
(DBN)

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