October 31, 2018

The Daily Bankruptcy News

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Law:

Wachtell, Weil Unveil Legal Bills, Hourly Rates for Bankrupt Sears
(DBN)

Pierce Bainbridge Adds More Big Law Recruits in New York, DC - Founder John Pierce claims his young firm has "cracked the code of building a law firm for the digital age
(DBN)

Lathrop Gage Welcomes Bankruptcy Partner Robert Haupt
(DBN)

Quinn Fires Back in Row With Ex-Partners at Selendy & Gay
(DBN)

Women Are Leaning In. Wahoo.
(DBN)

Private Equity Ownership of Legal Rankings Prompts Marketers' Unease
(DBN)

5 Mindsets to Become the Best Lawyerly Versions of You
(DBN)

Valpo law school closing; teach-out plan in the works
(DBN)

The Law Firms With The Hottest Appellate Practice (2018)
(DBN)

This Big Law Firm's Next Leader Knows How to Hire
(DBN)

Harvard Law Just Released 6.5 Million Court Decisions Online Caselaw Access Project gives free access to 360 years of American court cases
(DBN)

There’s No Such Thing As A Competitive Legal Market — But There Are Ways To Make It Better
(DBN)

Michigan State Law Is Set to Become Latest to Ditch Independent Status
(DBN)

Fastcase can bring copyright suit against Casemaker, 11th Circuit rules
(DBN)

Apple is changing the worst thing about the Apple Pencil — and the fix makes it way better I got to try out the new iPad Pro, and it's clear that it's Apple's biggest update to the iPad lineup in years Everything Apple announced at its Mac and iPad event Apple's new MacBook Air blows the regular MacBook out of the water on price and power
(DBN)

Mueller Investigators Probe Roger Stone Conference Calls Mueller accuses opponents of offering women money to make 'false claims' about him Mueller Wants FBI to Probe Scheme to Discredit Roger Stone suits up for battle with Special Counsel; Polygraph tests How a Democratic-controlled House can salvage the Russia investigation
(DBN)

Trump says he will sign order ending birthright citizenship for some; would it be constitutional? Speaker Ryan: ‘You cannot end birthright citizenship with an executive order’ Law professor explains chilling precedent of new Trump immigration plan: ‘Redefining citizenship is a sign of illness’ Trump surprise rattles GOP in final stretch Trump Seeks to Curb Birthright Citizenship, Escalating Immigration Debate How Trump's 'birthright' idea went from the fringe to the Oval Office America Isn't the 'Only Country' With Birthright Citizenship More than 30 other countries recognize birthright citizenship — here's the full list Trump has 'zero authority' to end birthright citizenship, and this is a 'Hail Mary' a week before the midterms, legal experts say Trump's Plan to End Birthright Citizenship Takes Direct Aim at the Constitution Trump targets birthright citizenship in his latest attempt to rile up the GOP base FactCheck: Trump on Birthright Citizenship Birthright citizenship, explained SCOTUS on Birthright Citizenship The Citizenship Clause Means What It Says PolitiFact: Can Trump End Birthright Citizenship? Lindsey Graham Seconds Trump Proposal to End Birthright Citizenship Paul Ryan: Yeah, That's Not Happening
(DBN)

An NFL player who pleaded guilty to insider trading is reportedly facing an 8-game suspension
(DBN)

FCC Republican claims municipal broadband is threat to First Amendment
(DBN)

Arrested woman says she feels better after leaving racist note for new neighbors: 'I released some anger'
(DBN)

Synagogue Shooting Raises Tough Questions for Tech Companies Mourning, protests as Pittsburgh begins burials of victims of deadliest anti-Semitic attack in US history Anti-Semitic Incidents Were Already Up Pittsburgh Religious Leaders Denounce Hate Pittsburgh Honors Two Brothers, ‘Gentle Giants’ of the Community ‘Christian Rabbi’ From Pence Rally Was Defrocked Years Ago: Report The Echoes of Kristallnacht Trump met with protests at Pittsburgh synagogue Top lawmakers decline White House invites to Pittsburgh in wake of synagogue shooting
(DBN)

Ohio lawyers in romantic relationship get stayed suspension for discussing client confidences
(DBN)

Trump made us do it: Kansas militia men behind mosque bomb plot blame president’s rhetoric
(DBN)

Man contacts cops to lodge complaint about his crack dealer
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Judges:

Witnesses Say Judiciary Needs More Transparency & Reporting Options on Sexual Misconduct
(DBN)

A Look Back At Kavanaugh's Confirmation Fight
(DBN)

Disciplining Judges for “Bad Tweets”
(DBN)

Will Chief Justice Roberts Take His Own Advice When It Comes to LGBTQ Employees? SCOTUS Watch: 2 High-Profile LGBTQ Cases Before The High Court
(DBN)

Judge orders detention of public defender for ‘acting like I’m some kind of idiot’
(DBN)

Retired Justice Kennedy says civic dialogue has reached ‘a low point’
(DBN)

Supreme Court Power Index
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Wall Street:

Dow set for triple-digit gains as investors monitor a flurry of earnings
(DBN)

Dow rallies more than 400 points in bounce as brutal October nears a close
(DBN)

Raymond James' Jeff Saut: 'A major bottom' is approaching in the market
(DBN)

S&P 500 on the brink of notching this nearly 50-year record as stock market swoons
(DBN)

‘Godfather’ of chart analysis says ‘damage done to the stock market’ is much, much worse’ than anyone is talking about
(DBN)

The best thing for this market would be more bad economic news: Cramer
(DBN)

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Layoffs:

The world's first humanless warehouse is run only by robots and is a model for the future
(DBN)

More robots to hit the aisles at grocery stores
(DBN)

Albertsons is bringing in robots to pack its online grocery orders
(DBN)

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Politics:

The Yawning Divide That Explains American Politics
(DBN)

Sarah Huckabee Sanders Claims Donald Trump Won the Popular Vote by ‘Overwhelming Majority,’ When He Lost by Millions of Votes
(DBN)

Top House Republican denounces Rep. Steve King for trafficking in ‘white supremacy’
(DBN)

Silver: 86% Probability Dems Take House
(DBN)

The Justice Department is reportedly investigating Trump Interior Secretary Ryan Zinke Zinke's own inspector general forwarded a probe about his conduct to the Department of Justice for further investigation
(DBN)

This chart shows why sky-high consumer confidence could be good news for Republicans in the midterms
(DBN)

Land O'Lakes ends contributions to Iowa Republican Steve King after questions about 'racist' remarks
(DBN)

Stay tuned: Trump’s reality-show midterm campaign could yield an unexpected ending
(DBN)

Kanye West quits politics attacking Trump over immigration and saying 'I've been used to spread messages I don't believe in'
(DBN)

In Campaign’s Homestretch, Trump Tosses Out Ideas to See What Sticks
(DBN)

The Improbable Run of Andrew Gillum
(DBN)

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Hotels:

Lucky Dragon hotel sold for $35M at auction
(DBN)

No bids for shuttered Asian-themed Las Vegas casino-hotel
(DBN)

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Autos:

Faraday Future “Effectively Insolvent,” Says Co-Founder
(DBN)

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Economy:

Yellen says rising deficit is unsustainable: 'If I had a magic wand, I would raise taxes'
(DBN)

Yellen says she thinks Fed should raise interest rates ‘a bit more’
(DBN)

Cramer says it almost seems like Fed Chair Powell by his actions wants 'Trump to lose'
(DBN)

Trump’s ‘booming’ economy? The sugar high is wearing off
(DBN)

Study: American jobs aren't supporting middle class life
(DBN)

US Recovery to Be Longest in History, Says $115 Billion Bull
(DBN)

Can U.S. Consumers Continue Their Pace of Spending?
(DBN)

Discover and Capital One slashing credit limits, closing inactive cards
(DBN)

Ocean Carriers Brace for Orders Surge Ahead of Potential New Tariffs Trump's tax law sent stocks soaring — but now his trade war is hurting the market's biggest driver, and threatening to erase all his progress As retailers face tariff and wage pressures, Kohl's CEO says priority is appropriate pricing 'He's like a little kid that found this water gun': The trade war and describes the long-lasting damage it could do Trade War Puts The Brakes On U.S. LNG Dominance
(DBN)

The ‘New NAFTA’: Now is the Time to Prepare for the USMCA
(DBN)

Women farmers earn about $58,000 a year—but they still outearn men
(DBN)

Consumer confidence rises to an 18-year high in October
(DBN)

Bridgewater’s Ray Dalio hails former Fed chairman as ‘the greatest man’ he knows
(DBN)

Cash is king again, but that may be a bad sign that another recession is looming
(DBN)

Martin Feldstein: Why falling stock prices could lead to a long, deep recession
(DBN)

These Are the Charts That Scare Wall Street
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Home Prices Continue to Lose Momentum
(DBN)

American homeownership increases again as housing market wobbles toward equilibrium
(DBN)

Homeowner Vacancy Rate Since 1956
(DBN)

San Diego Home Sales Collapsing California Bay Area Home Sales Decline 20% YoY in September, Inventory up 14% YoY
(DBN)

Mortgage Applications Decreased in Latest Weekly Survey
(DBN)

Housing market now ‘reminds me of 2006,’ Robert Shiller says
(DBN)

Home price gains fall below 6% for the first time in a year: August S&P Case-Shiller index Case-Shiller: National House Price Index increased 5.8% year-over-year in August
(DBN)

HVS: Q3 2018 Homeownership and Vacancy Rates
(DBN)

Southern California suffers its worst housing slump in over a decade
(DBN)

What happens when an EB-5 project fails?
(DBN)

Six Years after Superstorm Sandy, Nearly 1,200 New Jersey Families Still Can’t Go Home
(DBN)

Real House Prices and Price-to-Rent Ratio in August
(DBN)

Student loan debt holding back first-time home buyers
(DBN)

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Municipalities:

New York said to woo Amazon: Bring HQ2 and we’ll rename a toxic creek after you
(DBN)

The great family exodus
(DBN)

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Oil/Gas:

High Oil Prices Are Already Destroying Demand
(DBN)

Big Oil Won’t Spend Despite Fat Profits
(DBN)

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Conglomerates:

General Electric Slashes Quarterly Dividend to 1 Cent GE falls below $10 for first time since 2009 after analysts say dividend cut may not be enough GE’s new boss struggles to find the bottom line
(DBN)

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Personal Finance:

What to say when a job interviewer asks, 'Who's your role model?'
(DBN)

Save money on holiday travel by booking your car, flight, or train at the right time
(DBN)

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Pharma:

Convicted of fraud, CEO of defunct mail-order pharmacy sentenced to year in prison
(DBN)

Pharma's support of Trump's drug pricing plan is fraying
(DBN)

Pfizer will go back to price hikes ‘as normal’ come January, CEO suggests
(DBN)

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Entertainment:

Lantern Entertainment Has No Right to Release ‘Polaroid,’ Bank Alleges
(DBN)

Weinstein Film ‘Boys in the Boat’ Saved by MGM, Lantern Entertainment
(DBN)

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Accounting:

KPMG partner Thomas Whittle pleads guilty to criminal charges in theft of regulatory data
(DBN)

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Resorts:

Mountain Creek bankruptcy talks continuing
(DBN)

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Healthcare:

Poll: What voters want from “Medicare for All”
(DBN)

Feds are ready to claw back billions from Medicare insurers
(DBN)

Rural ambulances in Sioux Falls area struggling with worker, funding shortages
(DBN)

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Transit:

‘Insanity’ On NJ Transit ‘Horror Train’ After Breakdown
(DBN)

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Food/Beverage:

Only Candy-Eating Rats Survived Private Equity’s Necco Takeover
(DBN)

Z Capital Affiliate Completes Acquisition of Certain Assets of Real Mex Real Mex rebrands after bankruptcy asset sale
(DBN)

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Awards:

AlixPartners’ Basler Named Chair of International Women’s Insolvency and Restructuring Confederation (IWIRC)
(DBN)

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Aviation:

Maryland Airport files for bankruptcy protection
(DBN)

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Student Debt:

The next financial crisis? A look at student loan debt in America
(DBN)

The public service loan forgiveness fix isn’t going well
(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 (21 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (5 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:

Hospital Bankruptcy Filings Influence Health Care Industry Distress in Q3 3rd Quarter 2018 Distress Indices
(DBN)

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Third Party Releases:

My Company Went Through Bankruptcy And All I Got Was This Lousy Release – How to Get a Non-Consensual Release of Third Parties in a Chapter 11 Plan
(DBN)

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Professional Compensation:

Third Circuit Makes Clear that District Judges Can Reject Outrageous Fee Petitions Outright
(DBN)

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Exemptions:

New court ruling could put retirement assets from a divorce at risk in bankruptcy
(DBN)

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IP:

Cert Granted in TM Bankruptcy Case
(DBN)

Trademark Licenses in Bankruptcy Cases
(DBN)

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Miscellaneous:

NCBJ San Antonio: Highlights of Day 1
(DBN)

Rochelle
(DBN)

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Mediation:

Early Mediation of Plan Confirmation Issues in Difficult Chapter 11 Cases
(DBN)

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Bankruptcy Policy:

Secured Credit and Effective Entity Priority
(DBN)

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Retailing:

Sears turns into wrong kind of anchor for signature REIT How Sears wasted $6 billion that could have kept it out of bankruptcy Nautilus Sees Modest Impact From Sears Bankruptcy Sears Holdings: No Hidden Treasures Unearthed Yet Retail giant Sears facing Kodak moment Beat the Clock: Sears Has Filed Bankruptcy and It's Time to Take Action Sears Intentionally Destroyed To Enrich CEO Sears' bankruptcy has Electrolux planning for contingencies at Memphis plant Is the Death of Sears an Opportunity for Malls? Sears tries to avoid Toys R Us fate with holiday push Seritage may struggle to balance Sears' bankruptcy with growth plans
(DBN)

Meet the Old Retail Boss, Same as the New Retail Boss
(DBN)

Victoria's Secret employees say they witness shoplifting almost every day but that they'll be fired if they try to stop it
(DBN)

Amazon was almost worth $1 trillion, but it is down $119 billion in just two trading sessions
(DBN)

Best Buy is making a bold move to capture a piece of over $10 billion in sales up for grabs
(DBN)

Bankrupt Mattress Firm gets court OK for restructuring loans, sheds more leases
(DBN)

Lender continues push for liquidation of Herb Philipson’s
(DBN)

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Coal:

Miners concerned about bankruptcy claim
(DBN)

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Climate:

See how your city’s weather will be different in just one generation.
(DBN)

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UK:

Insolvency risk steadies among retailers as Christmas approaches
(DBN)

UK companies in distress up almost 20 pct on year in Q3
(DBN)

Number of insolvent UK firms rises at fastest pace since 2009
(DBN)

Help for British retail stocks may be too little, too late
(DBN)

Mike Pavitt of R3 labels preferential creditor status for HMRC as 'retrograde' step
(DBN)

14% rise in company insolvency rate over the last quarter in Northern Ireland
(DBN)

Katie Price given more time to halt bankruptcy Katie Price given last chance to avoid bankruptcy as judge tells her to strike deal with taxman Outrage as Katie Price is granted tax bill bankruptcy extension: 'That's money she owes us!' Katie Price's eye-watering £600,000 debts revealed ahead of bankruptcy hearing All the cash Katie Price has 'blown' since first bankruptcy hearing - holidays, hen dos, a new dog and a £52k car Katie Price strikes big money deal for tell all ‘My Year From Hell’ autobiography
(DBN)

Sharp rise in bankruptcy shows lenders are getting tough on debt
(DBN)

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EU:

Late Payments A Growing Problem In Western Europe
(DBN)

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PIIGS:

ie: Numbers seeking insolvency solutions falls Sharp rise in personal insolvency approvals
(DBN)

Italian state railways says will bid for Alitalia, other firms back off Companies rule out interest in Alitalia, in blow to rescue plan
(DBN)

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India:

Jet Airways appoints Goldman Sachs, BCG as advisers Jet Airways: Bankruptcy Knocking
(DBN)

More distressed Merger & Acquisition deals in pipeline: Report
(DBN)

India considers option of selling debt-ridden lender Outright sale or a split? India looks for ways to stem the IL&FS rot Broken Promise on India Shadow Lender Shakes Investor Confidence
(DBN)

Sidelined by IBC, official liquidators may get to handle insolvency cases
(DBN)

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China:

China reports lower-than-expected manufacturing growth China's factory activity drops to 27-month low
(DBN)

China's nonmanufacturing PMI falls to 14-month low
(DBN)

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MENA:

Iran’s Worst Nightmare Is Coming True
(DBN)

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Australia:

1 in 3 businesses fear impending insolvency
(DBN)

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Venezuela:

Political Prisoner: I Saw Men Crucified
(DBN)

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Turkey:

Turkish bankruptcy protection filings continue to pile up
(DBN)

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