October 25, 2018

The Daily Bankruptcy News

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Law:

Dinsmore & Shohl Sets Up Shop in LA - Hires Peter Mastan, a former managing partner of Los Angeles-based bankruptcy firm Gumport Mastan, for its newly-launched office
(DBN)

Want Clients to Pay for Expenses? Try Asking Them
(DBN)

How Clients Contribute to Mental Health Problems at Law Firms Law Firms, Fake Client Emergencies, Epidemic of Lawyer Mental Health Problems
(DBN)

After Baker McKenzie Chair Takes Leave for 'Exhaustion,' Other Leaders Share Pressures
(DBN)

Best Law School For Federal Clerkships
(DBN)

More on the allegations against Yale's Jed Rubenfeld
(DBN)

University Of Illinois Law School Dean, Faculty Speak Out Against Colleague's Misconduct
(DBN)

Wealthy Applicants Have A Much Easier Time Getting Admitted To Better Law Schools
(DBN)

 

Reed Smith Eyes U.S. Merger and Plans ABS Conversion: "Future-Proofing" Biglaw Firm On The Prowl For A Merger Partner
(DBN)

Michael Avenatti ordered to pay $4.85M to former lawyer at his law firm
(DBN)

Boies Schiller, Kasowitz Fight Over Billionaire’s Unpaid Bill
(DBN)

Ready, steady, Brexit...well, not quite
(DBN)

Latham & Watkins London lawyer reveals double life as castle-living Lord
(DBN)

Former Morgan Lewis Partner, Now at SEC, Banked $1.7M Partnership Share
(DBN)

Are law firms committed to disability diversity? A handful of firms have taken action
(DBN)

Woe To Those Who Want To Color Outside The Lines In The Legal Profession
(DBN)

Trump lawyer who represented Hulk Hogan wants to take Yelp to the Supreme Court over bad reviews
(DBN)

Former White House Lawyer Ty Cobb Says Mueller Probe Isn't 'A Witch Hunt' George Papadopoulos Hopes to Fuel Republicans’ Suspicions About the Russia Probe Mueller link seen in mystery grand jury appeal Mueller has evidence suggesting Stone associate knew Clinton emails would be leaked Targeted by Mueller, what did Trump confidante Roger Stone actually do? FBI unable to find photos of Comey, Mueller 'hugging and kissing' as Trump claimed Robert Mueller's sinking Russian collusion ship How an ex-marijuana farmer became conservatives' latest hope to take down Robert Mueller Mueller defends Russia charges
(DBN)

Group Which Touted Emoluments Case Against Trump Quietly Withdraws, No One Calls Them Out
(DBN)

Report: Agencies blindsided by Trump immigration order FactCheck: Images show migrants on trains and buses heading toward the United States, not walking Sickness, fear, harassment in Mexico whittle away at caravan
(DBN)

Justice Department tells Supreme Court transgender bias is not sex discrimination
(DBN)

Female executive at fund manager was fired for fulfilling jury duty, lawsuit claims
(DBN)

Indiana AG won’t be charged for alleged groping; prosecutor says he can’t prove intent
(DBN)

Law firm in controversial $300M settlement reveals referral fees in a third of open cases
(DBN)

This Lawyer Is On The Run And Wanted On Murder Charges
(DBN)

Lawyer Suspended for Pursuing His Interests Above Client’s
(DBN)

They look like cops, but they're not
(DBN)

Former Superintendent Pleads Guilty to . . . ???
(DBN)

FBI Arrests 3 California Neo-Nazis 4 Members of Violent White Supremacist Group Face Riot Charges, Federal Authorities Say
(DBN)

Lawyer Smacked Down by the Florida Bar for Hoping His Wife’s Attorney Dies of ‘Dirty Jew AIDS’
(DBN)

Girls planned to attack and kill at least 15 students
(DBN)

Still Illegal To Offer Kids Hundreds Of Thousands Of Dollars To Play College Basketball At Your School
(DBN)

Lisa Jacobs, Former Lawyer, Lives Everyman/SomeWomen Fantasy of Life on the Road
(DBN)

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Judges:

BK DE: CM/ECF will be unavailable October 27, 2018 from 8 AM - 8 PM EST for critical maintenance
(DBN)

Wife of Supreme Court justice spreads fake news about the migrant caravan
(DBN)

Senate Democrats' Gorsuch filibuster allowed McConnell to go "nuclear"
(DBN)

Suspended judge won’t be tried on weapons charges after witness refuses to testify
(DBN)

Judge’s ADA suit alleges court employees withheld key to restroom, wore hazmat suits after accident
(DBN)

Judge is acquitted on gun charge after lawyer argues dropped object could have been a toy
(DBN)

The Touching Reactions Of The Supreme Court To News Of Sandra Day O’Connor’s Failing Health
(DBN)

Judge Jeanine Of Fox News Gets Schooled On Defamation By Sitting Judge
(DBN)

Four More Trump Picks Sail Through Recess Confirmation Hearing
(DBN)

Oct. 30 Livestream Hearing: Proposed Changes to Judicial Conduct Code and Rules
(DBN)

See the video: Judge chases fleeing inmates, catches one before he escapes building
(DBN)

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Wall Street:

Futures point to rebound on Thursday from the Dow's 600-point slide Dow futures poised for a mild comeback after stock market rout rattles Wall Street US Stock Futures Catch Breath After Rout in Underlying Market
(DBN)

Dow erases gains for the year, tumbles more than 600 points as stocks extend October swoon Stock plunge leaves S&P 500, Dow negative for 2018; Nasdaq in correction territory Why the Dow tumbled 600 points and the Nasdaq fell into correction territory for the first time in 2 years S&P 500 Has Shed $1.7 Trillion Since Its All-Time High, Wiping Out All Its 2018 Gains
(DBN)

Panic-like selling takes hold on NYSE as stock-market slump gathers steam
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Layoffs:

Latest Sears, Kmart closings to cost 637 jobs statewide
(DBN)

Relax about the robots ... or maybe not
(DBN)

The Rise Of The Machines
(DBN)

Robots are replacing chefs and waiters
(DBN)

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Movie Theaters:

Spinning Off MoviePass Accelerates Moviegoing Subscription Service's Decline
(DBN)

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Politics:

Three Explosive Devices Sent to Clintons, Obama and CNN Offices Devices Also Sent to Holder, Waters Similar Package Sent to Top Democrats Sent to Robert De Niro's NYC Restaurant: Sources Pipe bombs sent to Hillary Clinton, Obama and CNN studios were packed with shards of glass X-Ray Photo, and Inside Details About Today's Bombs FBI Warns That More Bombs May be in the Mail Explosive device sent to CNN featured parody ISIS flag, 'Get Er Done' inscription Experts: Suspect who mailed explosive devices likely left behind trove of forensic clues Trump condemns attempted attacks on Democrats: 'Political violence has no place in the US' 'Terrorism,' 'despicable': GOP leaders condemn suspected mail bombs sent Obama, Clinton and CNN HQ Shock moment when CNN forced to stop live broadcast after bomb threat Why the Obama-Clinton-CNN bomber will likely be caught quickly 'This was clearly an act of terror': NYPD safely removes 'live explosive device' from CNN's New York office Democrats accuse Trump of helping provoke attempted violence against Clintons, Obama, and Soros NYC mayor calls live explosive device sent to CNN an 'act of terror' When the Mail Is Used to Stoke Panic Conservative Pundit Downplays Bombing Attempts Because People Have Been Protesting Republicans GOP Stalwarts: Bombs a False Flag
(DBN)

Democrats Don’t Understand Their Own Midterm Weakness
(DBN)

Trump Job Approval Improves to 44%
(DBN)

RNC invests additional $25M to boost GOP before midterms
(DBN)

Photo of large crowd not taken at Trump rally
(DBN)

'Fox & Friends' Co-host Brian Kilmeade Claims He Accidentally Donated to Trump Campaign
(DBN)

Voter Suppression Is the New Old Normal
(DBN)

Ted Cruz Calls for Civility Amid Bomb Threats, Hours After Discussing Putting Beto O'Rourke, Hillary Clinton in Jail Trump blames the media for not being civil after bomb scare targeted top Democrats, CNN Trump skips some usual lines of attack at rally Trump rally chants 'lock her up' after bomb threats made to Clinton
(DBN)

President Trump said the US has 'the cleanest air in the world'. Here's the reality, according to an air quality scientist
(DBN)

Republicans gain ground in Texas, Nevada U.S. Senate races: poll
(DBN)

Judge Orders Georgia to Quit Rejecting Absentee Ballots Federal Judge Hammers Ga. Secretary of State Brian Kemp Over Alleged Voter Disenfranchisement Scheme
(DBN)

Elizabeth Warren’s DNA Test Doesn’t Matter, But Her Policy On Congresspeople Owning Individual Stocks Does
(DBN)

Trump FactCheck: Recent opioid bill had "very little Democrat support" Trump’s ‘Big Dent’ in the Opioid Crisis
(DBN)

Bannon holds rally for Republican candidates but none show up
(DBN)

SF candidate Josefowitz highlights business experience, but firm went bankrupt
(DBN)

When Trump Phones Friends, the Chinese and the Russians Listen and Learn Trump continues to take calls from his iPhone even after American spy agencies have determined that China and Russia are listening
(DBN)

Teachers Swarm Midterms as School Funding Given a Failing Grade
(DBN)

FL: Governors Debate Gets Really Intense Gillum Scorches DeSantis In Florida Governor Debate: ‘Racists Believe He’s A Racist’
(DBN)

Megyn Kelly fires her agent after criticism over blackface remarks Megyn Kelly No Longer at CAA NBC News Declares War on Megyn Kelly
(DBN)

Former Democratic Party leader paid women in alleged TX voter fraud ring, AG says
(DBN)

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Economy:

Fed’s Beige Book says wages, prices growing at ‘modest to moderate’ rates Fed Beige Book: 9 of 12 districts see steady, unspectacular, growth Fed's Beige Book: Economic Growth "modest to moderate", Some Housing Weakness
(DBN)

A new front in the job war: paying for child care
(DBN)

Why Wages Are Stuck Even When Labor Is Scarce
(DBN)

Fed Beige Book says labor markets remain tight throughout the country These are the jobs the Fed says are in highest demand from this 'tight' labor market
(DBN)

Cramer bashes Trump for mocking Fed Chair Powell — 'I wish the president would shut up' ‘Dear Mr. President, I sense you are unsatisfied’ — imagining Powell’s response to Trump The history of presidential Fed-bashing suggests it has not been a fruitful strategy Fed's Mester says Trump criticism doesn't affect policy decisions
(DBN)

Trump creates the greatest economy ever and what does he get? Higher interest rates!
(DBN)

Fed's Kaplan: 'We no longer need to be stimulating the US economy'
(DBN)

Kamala Harris's Middle-Class Tax Plan Seen Costing $2.8 Trillion
(DBN)

U.S. manufacturers say tariffs are pushing prices higher
(DBN)

Key Senate Republican calls Trump's proposal for new tax cuts 'highly unlikely' this year
(DBN)

How Trump could conceive of a ‘revenue-neutral’ way of cutting middle-class taxes by 10%
(DBN)

The US-China trade war is worrying investors more than what the Fed is doing, Art Hogan says Great earnings reports don't matter to investors, who fear a trade war will hit 2019 profits US war with China is likely in 15 years, retired general says Growth Engine for the World’s Carmakers Is Becoming a Liability Whirlpool is back on track, despite tariffs Boeing says its future is bright, even with the trade war You'll get a deal on walnuts this year. Farmers won't Trump’s Trade War Risks Pushing Tokyo, Seoul and Beijing Closer Daimler says is reviewing production footprint amid global tariffs No waivers allowed for US businesses in latest round of Chinese tariffs Tesla said it expects tariffs on Chinese parts to cost around $50 million during Q4 China tariffs take their toll in Mass., starting with iRobot Tariffs Kick Caterpillar Where It Hurts U.S. manufacturers say tariffs pushing prices higher: Fed UPS profit gain overshadowed by trade war worries, shares fall
(DBN)

California's Middle Class is Disappearing
(DBN)

This map shows where millennials are moving for job opportunities and rising wages
(DBN)

Medicaid enrollment didn't grow in 2018 for the first time in a decade — and it's thanks to the booming US economy
(DBN)

Americans who don't have a bank account at lowest level ever
(DBN)

How much do lawsuits cost you? $3,300 per household, $429B nationwide, study says
(DBN)

1.4M Americans lost their water service recently
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Mortgage Assignee Claims: Hang on To That Promissory Note
(DBN)

New home sales drop as spiking mortgage rates keep buyers on the sidelines New Home Sales decrease sharply to 553,000 Annual Rate in September New-home sales plunge to a near two-year low as housing picture deteriorates A few Comments on September New Home Sales
(DBN)

Housing and Recessions
(DBN)

National Mortgage Delinquency Rate Increased in September
(DBN)

Mortgage Applications Increased in Latest Weekly Survey
(DBN)

The US Economy Is Doing Great. Why Isn't Housing?
(DBN)

More than one-third of homeowners are paying for renovations with credit cards
(DBN)

AIA: "Architecture firm billings slow but remain positive in September"
(DBN)

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Municipalities:

PROMESA, Feasibility and the Need for a Marshall Plan for Puerto Rico
(DBN)

New Puerto Rico fiscal plan OK'd; governor says too austere
(DBN)

Puerto Rico House speaker, lawmakers ask fiscal board to reconsider fiscal plan
(DBN)

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Oil/Gas:

Williams Withholds Payment Forcing Pipeline Builder into Bankruptcy Summary: New Chapter 11 Bankruptcy Filing - Welded Construction L.P.
(DBN)

Oil Under Threat As Global Economy Struggles
(DBN)

Oil Resumes Slide on Sinking Stocks And Growing US Inventories
(DBN)

Why U.S. Shale May Fall Short Of Expectations
(DBN)

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Personal Finance:

Charging your next home renovation on a credit card could cost you
(DBN)

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Marijuana:

Pot stocks fall for a 7th straight day; Aurora Cannabis seesaws back to a loss
(DBN)

Republican support for marijuana legalization edges up again in poll
(DBN)

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Healthcare:

Arizona hospital rebrands after bankruptcy
(DBN)

Doctor borrows $300K; diagnoses lender with dementia when repayment demanded
(DBN)

The outrage over insulin prices
(DBN)

Number of the Day: 15.6 Million
(DBN)

Drug costs, opioid crisis drive higher Medicaid spending
(DBN)

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Student Debt:

Is Student Loan Cosigner Release Really Possible?
(DBN)

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Food/Beverage:

Tully’s creditors seek to force parent of embattled coffee chain into bankruptcy The coffee chain once purchased by Michael Avenatti and Patrick Dempsey is finally, truly dead
(DBN)

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Tech:

In Cambridge Analytica Bankruptcy , Responsive Party Elusive Facebook Users Can't Find Anyone Left at Cambridge Analytica
(DBN)

Facebook gets maximum fine for the catastrophic Cambridge Analytica data breach
(DBN)

Tim Cook: Personal Data Being Weaponized A former Facebook executive called out Apple CEO Tim Cook’s hypocrisy over privacy
(DBN)

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Celebs:

Mariah Carey and Jermaine Dupri entangled in Da Brat's bankruptcy
(DBN)

Alexandria Duval Discusses Bankruptcy, Arrests And Why She And Her Twin Changed Their Names
(DBN)

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Farming:

Trustee for troubled Oregon dairy plans shutdown, sale
(DBN)

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Autos:

Ford CEO says restructuring is 'a massive undertaking' that must be 'very thoughtfully orchestrated'
(DBN)

GM's self-driving car reportedly has trouble recognizing pedestrians
(DBN)

Tesla mum on replacing Elon Musk as chairman
(DBN)

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Guns:

Remington rifle settlement, including free trigger replacement, is official
(DBN)

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Taxis:

Tesla 'obviously' plans to take on Uber and Lyft, says CEO Elon Musk
(DBN)

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Corporate Reform:

CEOs should have been the fall guys–why are they still heroes?
(DBN)

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Religion:

Vatican target of lawsuit over child abuse by priests
(DBN)

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Advisers:

Omni Management Expands its Team with the Addition of Alison Miller
(DBN)

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Pharma:

Trump: Major Changes to Medicare Drug Prices
(DBN)

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Tax:

A Visual Guide to State Taxes
(DBN)

The New 2018 Federal Income Tax Brackets & Rates
(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 (25 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (3 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:

Percentage of Leveraged Buyouts Done at Seven Times EBITDA or Higher Since 2005
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Jurisdiciton:

Fifth Circuit: A Challenge to Bankruptcy Court's Jurisdiction Must Be Asserted Before 363 Sale
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Litigation:

The Role Legal Counsel Plays in Litigation Funding Decisions
(DBN)

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Professional Compensation:

Disgorgement Upon Insolvency: Continuing Uncertainty
(DBN)

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Estoppel:

Failing to Disclose MDL Lawsuit as Asset in Bankruptcy Prevents Plaintiff From Pursuing Case
(DBN)

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Automatic Stay:

Filing Bankruptcy May Not Stop EEOC Suits
(DBN)

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UST:

UST Seeks Attorneys In GA, IL and MD
(DBN)

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Student Debt:

It’s time to start worrying about graduate-student debt
(DBN)

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Climate:

One of strongest storms ever slams Northern Mariana Islands Typhoon Yutu ‘All but Destroyed’ U.S. Island Super Typhoon Yutu, The Most Powerful Storm Of The Year, Slams Islands With 200 MPH Winds, Flooding
(DBN)

A Hawaiian Island Has Disappeared Beneath The Pacific Ocean
(DBN)

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Retailing:

Sears' losses could become its most valuable asset — for creditor and Chairman Eddie Lampert Creditors’ Committee Formed in Sears Bankruptcy Sears needs more cash in a hurry if it's going to get through holidays Sears bankruptcy puts Kenmore lifetime warranty in question As Sears goes through bankruptcy, Illinois officials want more oversight on tax credits Kmart is closing dozens of stores as parent company Sears weathers Chapter 11 bankruptcy. Here's how the discount chain fell from grace Innovate Or Die: E-Commerce And The Iconic Bankruptcy Of Sears Sears' greatest legacy: Behind the picket fences of the 50,000 catalog homes bought for as little as $800 over a century ago and now sell for over a million Sears faces fraud challenge from clothing supplier
(DBN)

Neiman Marcus Starts Talks to Restructure Debt and Avert Bankruptcy
(DBN)

New Chapter 15 Filing – Stripes US Holding, Inc.
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Music:

Aviation Company Seeks To End Bob Sillerman's $44k Monthly Helicopter Lease While He Goes Through Bankruptcy
(DBN)

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Consumer Finance:

How The New FICO Will Change The Credit Landscape For Borrowers
(DBN)

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Finance:

Lending Money to Bet on Default
(DBN)

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Pensions:

Public Pension Gap Widening Between Top and Bottom Funds
(DBN)

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UK:

Scottish corporate failures fell during third quarter of 2018 Increase in Scots entering bankruptcy Scottish Insolvency Statistics: July to September 2018 (2018-19 Quarter 2)
(DBN)

Insolvency and corporate governance consultation: government proposals
(DBN)

Rule against reflective loss found to limit claims by unsecured creditors as well as shareholders
(DBN)

UK's GBK burger chain files for bankruptcy protection
(DBN)

HMRC wins £79m tax avoidance case against Goldman
(DBN)

UK Inflation-Adjusted Wages Stay Low Even as Pay Gains Quicken
(DBN)

Katie Price is officially single as she prepares for next bankruptcy hearing Star's decrepit £2million mansion could save her from bankruptcy woes Katie Price's £2m mansion is so revolting it could be unsellable Katie Price has just five days to avoid bankruptcy but her scheme to raise millions in cash has failed
(DBN)

UK regulator to probe hedge funds’ Brexit short bets
(DBN)

Business will “pay the price” for no-deal Brexit
(DBN)

Debenhams to Close Up to 50 Stores, Take $660 Million Charge
(DBN)

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EU:

Europe Inc. Is Getting Worried About the Rise of Populism EU Populist, Nationalist Parties Here to Stay
(DBN)

The Existential Test of the Eurozone is Here
(DBN)

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PIIGS:

Italy is ‘the No. 1 risk factor in the fourth quarter’ for European investments Italy’s budget spat sideshow EU rejects Italian budget in unprecedented move
(DBN)

Dublin solicitors Amoss take Dunne bankruptcy case
(DBN)

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Canada:

Canada: Restructuring & Insolvency Experts 2018
(DBN)

Long Term Loans Fuel Canadian Auto Sales
(DBN)

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MENA:

Killed journalist Jamal Khashoggi's children are reportedly barred from leaving Saudi Arabia, some are dual US citizens Prince and President Escalate Battle Over Khashoggi Killing What Is Turkey’s Game? Saudi Crown Prince Says Khashoggi’s Killing Was ‘Unjustifiable’ Saudi prince vows 'totally different' country in five years Donald Trump touts nonexistent $450 billion in Saudi orders CIA director Haspel reportedly heard the audio of Khashoggi's murder in Saudi Arabia's consulate Prince: There Will be Justice for Khashoggi Saudi says companies "apologized" for missing investment conference Saudi prosecutor says Khashoggi's killing was premeditated
(DBN)

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China:

China will do ‘whatever it takes’ to stop its falling stock market
(DBN)

Cash-Strapped HNA Puts Fleet of Luxury Jets Up for Sale
(DBN)

China's $4 Billion Fund Liquidation Leaves Traders Guessing
(DBN)

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France:

French chain Camaïeu seeks protection from creditors
(DBN)

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Australia:

Bankrupt businessman living on luxury yacht after leaving $100m mess in community
(DBN)

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Switzerland:

IFLR: New law for the recognition of foreign insolvency decrees in Switzerland
(DBN)

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Singapore:

Singapore opposition leaders appeal for help to stave off bankruptcy
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Brazil:

Angst grips Brazil as election ramps up
(DBN)

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Venezuela:

Venezuelan women sell their bodies to feed families
(DBN)

Suicides Surge in a Hopeless Venezuela
(DBN)

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Barbados:

Don't forget minority creditors says Maxwell
(DBN)

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Africa:

Africa's new debt crisis
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