October 4, 2018

The Daily Bankruptcy News

View prior editions: Click Here
View prior case summaries: Click Here
Search prior headlines: Click Here
Search prior case summaries: Click Here

3-Column Formating

 

Law:

Sedgwick declares bankruptcy in filing that traces the law firm's downfall
(DBN)

LSAT to start transitioning to digital format in 2019
(DBN)

Morris Nichols Adds Bankruptcy Lawyers
(DBN)

Alleged Co-Conspirator a No-Show as Hardwick Prosecution Rests
(DBN)

Want To Get Into The Law School Of Your Dreams? Better Clean Up Your Social Media Profile
(DBN)

Ted Olson Throws High-Profile Hissy Fit, And Gets Schooled By The ABA
(DBN)

Law School Investigated Prof Who Says Women Shouldn’t Vote, Work, Or Wear Pants And Found No Discrimination
(DBN)

1,000 Law Professors: Don't Confirm Kavanaugh
(DBN)

Doctors Put Lawyers To Shame When It Comes To Practical Training
(DBN)

CBS executive placed on leave after allegations of inappropriate language
(DBN)

Oklahoma University College of Law associate dean resigns over sexist writings
(DBN)

The $500 Million Central Bank Heist---and How It Was Foiled
(DBN)

If Elon Musk Violated SEC Rule With His Tweet, Donald Trump Violates The Same Rule Almost Daily
(DBN)

How #MeToo has changed pop culture forever
(DBN)

4 men associated with white supremacist group face federal charges in Charlottesville violence
(DBN)

Judge temporarily blocks Trump administration from ending temporary protected status • Judge blocks deportations of more than 300,000 immigrants whose legal status was revoked
(DBN)

5 officers shot in South Carolina; suspect in custody • One cop dead, six wounded in South Carolina shooting
(DBN)

______________

Judges:

Judiciary to Hold Public Hearing on Proposed Changes to Judicial Conduct Rules
(DBN)

White House and Senate receive the FBI report on sexual misconduct allegations against Brett Kavanaugh • The FBI's report on Kavanaugh is ready, but senators only get a single copy to read, in 1-hour shifts, under intense security • FBI has not contacted dozens of potential sources in Kavanaugh investigation • Republican Sen. Ben Sasse drops a bombshell on the debate over Brett Kavanaugh's nomination to the Supreme Court • The Senate bloc that could decide Kavanaugh’s Supreme Court confirmation • Democrats dispute that Kavanaugh's past background checks were clean • National Council of Churches: No to Kavanaugh • Senate Republicans set key vote on Kavanaugh nomination for Friday • Why Mitch McConnell keeps fighting so hard to confirm Brett Kavanaugh • The White House Gift Shop is already pre-selling a Brett Kavanaugh coin • Christine Blasey Ford's attorneys to FBI: 'It is inconceivable' to investigate without speaking to her • FBI Probe of Kavanaugh Was a Sham • FBI completed interview with Mark Judge, hasn't contacted Christine Blasey Ford • Grassley questions Ford’s testimony, presses for more evidence • Lawyers for Kavanaugh accusers question FBI's thoroughness • FBI source tells MSNBC’s Brian Williams they were only given the ‘smallest expansion of scope’ to investigate Kavanaugh • Kavanaugh drinking buddy Mark Judge’s college girlfriend gives sworn affidavit after FBI refuses to contact her • Trump mocks Christine Blasey Ford's testimony, tells people to 'think of your son' • Key Republican senators condemn Trump's mockery of Ford • Did Brett Kavanaugh perjure himself? The debate, explained. • The Senate strikes back with the Flake flip • Schumer blasts McConnell over Supreme Court 'double standard' • Mitch McConnell rails against Kavanaugh protesters in the Capitol: 'There is no chance in the world they’re going to scare us out of doing our duty' • McConnell Presses Kavanaugh Vote as FBI Probe Nears an End • Kavanaugh vote to test Sen. Lisa Murkowski’s independent streak • Kavanaugh’s Partisan Rage Was Disqualifying – Even If He’s Innocent • GOP prosecutor Rachel Mitchell's critique of Christine Blasey Ford is incomplete and flawed • Everything that’s happened since the Ford-Kavanaugh hearing, explained • 900+ Law Profs Say Kavanaugh Lacks 'Judicial Temperament,' in Letter to Senate • Lawmakers Await FBI Report on Kavanaugh • NY Times obtained 1983 Brett Kavanaugh letter to his friends: ‘We’re loud, obnoxious drunks with prolific pukers among us’ • 'I knew he was lying': Brett Kavanaugh's former Yale roommate claims to have seen him 'blackout drunk' • I Sympathize With Brett Kavanaugh • Shocking Exactly No One, Anita Hill Doesn’t Think Brett Kavanaugh Should Be On The Supreme Court • Kavanaugh hearing evokes early Soviet mock trials
(DBN)

Trump's Judge Sister in Spotlight on NYT Story • Trump’s federal judge sister is heavily implicated in NY Times report on family tax evasion
(DBN)

A Supreme Court Article Not About Judge Kavanaugh
(DBN)

Justice Scalia’s Supreme Court Replacement To Teach At Scalia Law School
(DBN)

Can You Master The Supreme Court’s Precise Seating Chart?
(DBN)

Empirical SCOTUS: The wide arc of the Supreme Court
(DBN)

Judge Scott Clarkson to Give Lecture on Dutch Artist Rembrandt van Rijn
(DBN)

______________

Wall Street:

US futures sharply drop as rising rates put investors on edge
(DBN)

Dow hits record earlier in day, but stocks close little changed as rising rates spook investors
(DBN)

The stock market is trading at a record, but a look under the hood shows some troubling signs
(DBN)

______________

Layoffs:

Sears is closing more stores, with some layoffs starting 2 days before Christmas
(DBN)

This start-up created the first farm in America run entirely by robots
(DBN)

Your next job interview could be with a robot
(DBN)

Verizon Offers First Massive Early-Retirement Package In Almost 15 Years • Verizon offers severance to 44,000 employees
(DBN)

Heritage Home Group warns of potential layoffs in High Point, Thomasville
(DBN)

Bayer announces more than 200 layoffs
(DBN)

Kokomo Supplier Announces 80 Layoffs
(DBN)

Richmond-Based Aid Agency To Cut More Than 140 Workers
(DBN)

______________

Retailing:

Retail in the Red: BDO Bi-Annual Bankruptcy Update
(DBN)

How do you sell a couch in 2018?
(DBN)

How Steinhoff’s Mattress Firm faces a lumpy fate • Mattress Firm said likely to file for bankruptcy in the coming days • Serta owner may look to acquire Mattress Firm if it goes bankrupt • Analysts: Mattress Firm bankruptcy could spur reconciliation with Tempur Sealy
(DBN)

Can Restructuring Sears Fix a Catalog of Problems?
(DBN)

Sears debuts re-imagined store. Will it save the struggling retailer?
(DBN)

J.C. Penney taps former Joann chief as CEO
(DBN)

Why bankrupt Toys R Us might not be dead after all • Toys "R" Us may get a second life • Without a Brand Owning the Toy Category, Is It Possible to Successfully Revive Toys R Us?
(DBN)

Anthony Scaramucci Is The New Geoffrey The Giraffe
(DBN)

Barnes & Noble opts for strategic review after takeover interest
(DBN)

Is October 15 THE Date For Sears Holdings?
(DBN)

The Path Out For Stage Stores
(DBN)

GameStop Must Eliminate Its Dividend Or Suffer Blockbuster's Fate
(DBN)

Neiman Marcus Is Discussing Debt Overhaul With Lender Groups
(DBN)

______________

Healthcare:

Kaiser study finds employee health insurance deductibles rise 4.5 percent • Workers' health care costs just keep rising
(DBN)

Employer-Provided Health Insurance Approaches $20,000 a Year
(DBN)

Cancer survivors share the struggle to keep their jobs through treatment
(DBN)

Five Restructuring Experts Specializing in Healthcare Join FTI Consulting
(DBN)

______________

Finance:

Proportion of New Leveraged Loans Without Traditional Covenants
(DBN)

______________

Economy:

Powell says we're 'a long way' from neutral on interest rates, indicating more hike are coming • Fed Chair Powell's remarks this year have cost the stock market $1.5 trillion, JP Morgan says
(DBN)

Tax Cuts Still Not Boosting American Wages
(DBN)

Cramer says 'Fed should be careful what it wishes for' with wage inflation
(DBN)

Fed Chairman Powell says that when it comes to this economy, ‘everything’ keeps him up at night
(DBN)

Three reasons U.S. government bond yields are soaring
(DBN)

The U.S. economy is set to look good 'for quite some time,' Chicago Fed president says • Fed's Powell sees 'remarkably positive outlook' for economy that may be 'too good to be true'
(DBN)

IMF: World at Risk of Another Financial Crash • IMF Says Crisis Legacy Is Slower Growth, More Debt, Fewer Babies
(DBN)

Services sector grows at fastest pace ever in September
(DBN)

Update: Predicting the Next Recession
(DBN)

USMCA, Trump’s new trade deal, explained in 500 words • California wine achieved big win of more access to Canada with USMCA trade pact • New NAFTA shows limits of ‘America First’ • NAFTA Rewrite Eases Threat of Auto Tariffs on U.S. Economy • Canada relieved trade deal done, won't forget Trump attacks • For Canada and U.S., ‘That Relationship Is Gone’ After Bitter NAFTA Talks • Behind the scenes with Trump and Trudeau: How they made nice • New NAFTA will end the tyranny of uncertainty if approved • Automakers Relieved by NAFTA 2.0...but • Tariffs sour NAFTA deal for cheese makers
(DBN)

China respects others' trade secrets — unless it wants something, experts say • Chinese Spy Chips Found in Apple and Amazon Hardware
(DBN)

Tariffs for the 1%: Fur coats, fancy handbags and other luxury goods hit by trade war with China • Firing Back at Trump in the Trade War With Tariffs Aimed at His Base • JCPenney stole the CEO of Joann Stores as she was in the midst of mounting a furious campaign against Trump's tariffs • Tariffs may lead to costly headaches for home builders and remodelers • Tesla ramps up production in Shanghai to offset Chinese import tariffs • Tariffs won't dent US Santa spending this year: forecast • Many Americans Think China Tariffs Have Been Bad for Jobs • Tariffs could lift U.S. prices but no sign yet: Fed's Powell • Corker: Trump ‘abused his authorities’ by claiming national security basis for tariffs • TIA assails Trump’s China tariffs as a threat to 5G • US-China Trade Tariffs: Impact on Shipping Industry
(DBN)

Voters in DC gave restaurant workers a raise. City lawmakers just voted to block it.
(DBN)

A $150 billion investment chief lays out his 4-part recession checklist — and warns we're approaching dangerous territory
(DBN)

An economist has a wild proposal to give all kids in the US up to $60,000 at birth
(DBN)

Millennials are wrecking havoc on these 18 industries
(DBN)

Sen. Sanders wants to break up JP Morgan, Berkshire Hathaway and other large financials
(DBN)

Amazon's decision to raise its minimum wage to $15 an hour means Bernie Sanders' strategy worked brilliantly • Amazon's hourly workers lose monthly bonuses and stock awards as minimum wage increases • Two ways to view Amazon’s $15 wage: a cynical move or as a surprising way to cut costs
(DBN)

Supreme Court, missing a justice, considers a trucking case that could rattle the economy
(DBN)

Good news (mostly) for workers and job hunters over 50
(DBN)

How the Rich Steal from America
(DBN)

So how many people actually pay America’s estate tax?
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Chapter 13 Bankruptcy – Can the Association's Lien for Unpaid Assessments be Stripped Off? YES
(DBN)

Mortgagor Claims: There is A Limit to the Ability to Invoke the Assistance of Federal Courts
(DBN)

Mortgage fraud is getting worse as more people lie about their income to qualify for loans
(DBN)

New report details extent of how student loan debt weighs on prospective home buyers
(DBN)

Weekly mortgage applications flatline, along with interest rates
(DBN)

Shopping mall vacancies are highest in seven years after big-box closings
(DBN)

Warren unveils sweeping legislation to address affordable housing crisis
(DBN)

____________

Oil/Gas:

Putin says Trump should blame himself for high oil prices
(DBN)

Oil falls as Saudi and Russia quietly agree to output rise, US stocks swell
(DBN)

Auto giants and California team up for electric vehicle push
(DBN)

______________

Student Debt:

She just got $50,000 in student loans erased — here's her advice
(DBN)

Members of a teachers union just sued one of the largest U.S. student loan servicers, saying the company deceived borrowers
(DBN)

Report Shows Profile of Borrowers Who are Likely to Default on Student Loan Debt
(DBN)

Audit on Student Loan Forgiveness Shows Barely Anyone Is Forgiven
(DBN)

______________

Auto Racing:

Bob Bondurant driving school files for bankruptcy protection
(DBN)

______________

Aviation:

Still Crazy After All These Years: Airline Investors Remain Hair-Triggered To Even Modestly Bad News
(DBN)

3 cancellations and a bankruptcy: Adventures of a $292 round trip ticket to Paris
(DBN)

Ravn owner makes bid for PenAir in bankruptcy court
(DBN)

______________

Musical Instruments:

CEO Henry Juszkiewicz ousted as Gibson guitar co saved from bankruptcy
(DBN)

______________

Hedge Funds:

Hedge fund Highfields Capital to close, return billions to clients
(DBN)

______________

Maritime:

Containership owner Seaspan emerges as unlikely savior of bankrupt Swiber
(DBN)

______________

Food/Beverage:

Shop ‘n Save closures leave some shopping centers at risk of default
(DBN)

______________

Religion:

Poll: just 3 in 10 Catholics approve of Pope Francis’s handling of the clerical sex abuse crisis
(DBN)

______________

Video Games:

A Telltale Sign of Financial Insecurity
(DBN)

______________

Telecoms:

Mass. to pay $12.2 million in dispute over `middle mile' network
(DBN)

______________

Corporate Governance:

State Street to Hold Governance Committees Accountable for Lack of Gender Diversity
(DBN)

______________

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 (29 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)

______________

Bankruptcy Statistics:

Medical Bankruptcy Is Much Less Common Than Elizabeth Warren Tells You
(DBN)

______________

Mootness:

A Moot Point: Court Of Appeals For The Eleventh Circuit Holds That The Doctrine Of Equitable Mootness Is Applicable In A Chapter 9 Bankruptcy Case
(DBN)

______________

Break-Up Fees:

Divided Third Circuit Panel Affirms Bankruptcy Court’s Reconsideration of $275 Million Termination Fee
(DBN)

______________

Preclusion:

“Law of the Case” Doctrine Does Not Bind Bankruptcy Court When Considering Subsequent Dispositive Motions
(DBN)

______________

Mass Torts:

With Punitive Damages On The Table, NYC Asbestos Lawyers Push For $50M In One Case
(DBN)

______________

IP:

Bankruptcy and Trademark Licenses — Are Yours Safe?
(DBN)

______________

Plan Confirmation:

Delaware District Court Supports Secured Creditor Gift Plans
(DBN)

______________

Litigation:

Take a DIP into Litigation Finance
(DBN)

______________

Climate:

Hurricane Florence caused up to $22 billion in damages. Climate change made the storm worse.
(DBN)

______________

Coal:

Peabody Energy held talks to buy Drummond
(DBN)

______________

Politics:

Will the Kavanaugh hearings drive women to the polls in 2018? 8 experts weigh in •Lindsey Graham says the midterms are now about Kavanaugh
(DBN)

Trump dismisses NYT investigation alleging tax fraud as a 'boring and often told hit piece' • NY state tax department reviewing Trump fraud allegations outlined in investigative report • A Lifetime Allowance from Daddy • Like father, like son: The Trump 'self-made myth' runs in the family • 8 Times Donald Trump Claimed He Was A Self-Made Man • Trump Even Inherited His Father’s Self-Made Myth • Did the New York Times Just Uncover Why Trump Abruptly Switched to All-Cash Deals in the 2000s? • How NYT Uncovered the Trump Tax Story • Trump Sister's Disclosure Led to NYT Story
(DBN)

Hatch: Trump May Have to Show Tax Returns
(DBN)

Trump’s wildly unpopular foreign policy, in 2 polls
(DBN)

Trump’s tweets are less read and influential than people may think
(DBN)

Utah man arrested in connection to ricin scare
(DBN)

Secret Service says a suspicious envelope was sent to Trump
(DBN)

Trump’s Tax Returns in the Spotlight If Democrats Capture the House
(DBN)

International Criminal Court Orders US To Ease Sanctions on Iran • Pompeo: US Will Shred 1955 Friendship Treaty with Iran
(DBN)

A ground view of youth voting
(DBN)

8 more House races shift toward Democrats
(DBN)

Washington man accused of posting private information about US senators
(DBN)

______________

Tires:

American Tire Distributors Files Ch. 11 • American Tire Files Bankruptcy to Cut Debt by $1.1 Billion • First Day Dec (1) • First Day Dec (2) • First Day Dec (3) • First Day Dec (4)
(DBN)

______________

UK:

Theresa May beats back her critics over Brexit • Britain could be seeking 'an all-UK customs union with the EU' - and Ireland backs the idea • Tens of billions of pounds could be added to the UK's £39 billion Brexit divorce bill
(DBN)

Katie Price 'stashes phone filled with texts and pictures from A-list men' in bid to make 'millions' from tell-all book
(DBN)

______________

Canada:

Receiver of Insolvent Power Generation Company in British Columbia wins battle with BC Hydro – allowing dispute to be heard by the court instead of by arbitration
(DBN)

______________

PIIGS:

Is Italy the new Greece? These 6 charts explain why Italy is rattling markets • Italy Isn’t Like Greece. It’s Better and Worse
(DBN)

Europe would 'very much appreciate' Italy sticking to the rules, ECB member says
(DBN)

No risk of default, Italy's Savona says as he pushes EU reform
(DBN)

Report reveals bogus dealings of Folli Follie
(DBN)

______________

MENA:

Bahrain introduces bankruptcy law in legal reform push • Bahrain Launches New Bankruptcy Law to Keep Investments Flowing
(DBN)

Trump says Saudi king wouldn't last two weeks without U.S. help
(DBN)

______________

Denmark:

Danske Bank is facing a criminal investigation in the US over its $235 billion money laundering scandal
(DBN)

______________

Australia:

Big Debt: Inside the industry profiting from desperation
(DBN)

______________

Turkey:

Amendments to Turkey’s Execution and Bankruptcy Law
(DBN)

______________

Iceland:

Icelandic Bank Loses Millions in Airline Bankruptcy
(DBN)

______________

India:

India's Bankruptcy Auction That Wasn't, Perhaps
(DBN)

______________

Singapore:

Has Singapore's insolvency bill come a little too late for Hyflux?
(DBN)

______________


The Daily Bankruptcy News is primarily a curated news link gathering service.   Most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subscription fee is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use. If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid service subscription. These links are currently marked with a "DBN" notation. The cost of a subscription is $64/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links.

New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase.

Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested. There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear. You do not need to type anything in the body of the email message. Note that the email asking for removal must be sent from the same email address which is on our distribution list. If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

If receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list.

Press Releases/News Tips
Please send press releases and news tips to admin@bkinformation.com

Contact Us
The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C. You can reach us at 281-402-3957 or at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries). Our mailing address is 935 Eldridge Road, No. 350, Sugar Land, Texas 77478.
Copyright 2018