October 5, 2018

The Daily Bankruptcy News

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Due to the Columbus Day holiday, The Daily Bankruptcy News will not publish on Monday, October 8, 2018



Law:

Big Four Accounting Jostles Law Firms for Legal Services
(DBN)

Sedgwick Demise Highlights Challenges GCs Face When Outside Law Firms Dissolve Sedgwick’s Ch. 11 Filing 'A Success Story,' Judge Told
(DBN)

Lawyers Maintain an Edge in Rising Billing Rates, Study Finds
(DBN)

Top Foreclosure Lawyer, Fantasy Football Columnist, Sees Law Firm Liquidate
(DBN)

Partner Suing Ogletree for Gender Bias Tells Her Story
(DBN)

Former LeClairRyan partner who sued for gender bias asks court to confirm $1M arbitration award
(DBN)

Deal Makers Stats
(DBN)

Big Changes Coming For The LSAT
(DBN)

The Law School That Does Right By Women
(DBN)

Firms are getting much better about parental leave
(DBN)

Law Firms Are More Profitable Than Ever. How are They Doing It?
(DBN)

When Considering Pay, GC Jobs at Big Texas Companies Were a Good Bet in 2017
(DBN)

You’ll Never Guess The Kinds Of Things A Trump Administration Official Was Writing 15 Years Ago
(DBN)

DNC-FBI Met on Russia Probe Before Warrant
(DBN)

Russian official linked to Trump Tower lawyer dies: report
(DBN)

‘No More Negotiating, Let’s Take This Thing To Court!’
(DBN)

At In-House Forum East, GCs Ponder Today’s Legal Challenges
(DBN)

Legal experts say the IRS could use the New York Times bombshell report to go after Trump, but it wouldn't be easy
(DBN)

Trump Mocks Franken for Resigning Quickly
(DBN)

Michigan State's Nassar-Related Legal Bills Just Keep Piling Up
(DBN)

Disbarred lawyer suspected in shooting of 7 South Carolina law enforcement officers Disbarred 74 Year Old Attorney Shot 7 Cops
(DBN)

Cop Shot Teen 16 Times, Blames the Kid
(DBN)

Former law firm clients coached to lie in asylum cases may be targeted for deportation
(DBN)

Trump’s Immigration Agenda Takes Another Hit in Court
(DBN)

AZ. Court: Cops Can Coerce Consent
(DBN)

Man blames ghost for planting meth on him
(DBN)

Firm manager fired for calling client a **** in bar scrap
(DBN)

Police investigate Squire Patton Boggs partner for throttling former colleague at party
(DBN)

How bankruptcy trustee survived Indiana Jones house of traps
(DBN)

Bonkers Law Firm Website: Get close to lawyers
(DBN)

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Judges:

Over 2,400 Law Professors to Senate: No to Kavanaugh GOP's Grassley says 'no hint of misconduct' in FBI report on Kavanaugh but Democrats say it's incomplete 100,000 Churches Called for Kavanaugh Nomination to be Withdrawn? Washington Post editorial board urges senators to vote against Kavanaugh Appellate Lawyers Who Backed Kavanaugh Say He's Still Their Man As Partners Come Forward, Law Firms Walk Fine Line in Kavanaugh Controversy Clarence Thomas Accuser Urges Alaska's Murkowski to Vote Against Kavanaugh Americans Sharply Divided About Kavanaugh's Confirmation FBI report on Kavanaugh is sent to Senate; confirmation vote could be Saturday 100 Senators Have to Share a Single Copy of the FBI’s Kavanaugh Report GOP nervous ahead of Kavanaugh vote: “We don’t have 50 right now"Kavanaugh FBI Report: What We Know The FBI’s Kavanaugh Report Was Enough for Key Senate Republicans Trump’s Unusual Strategy on Kavanaugh Worked White House confident on Kavanaugh confirmation as two swing Republicans signal likely support Our 'fears have been realized': Democrats slam FBI investigation into Kavanaugh 'Sham,' 'horrific cover-up,' 'so-called investigation': Democrats blast FBI Kavanaugh report Why Wray and Rosenstein Won’t Protect the Kavanaugh Investigation From the Politicians The FBI Investigation Didn’t Go Very Far By Design Mitch McConnell’s Legacy Is Riding on Kavanaugh’s Confirmation The FBI reportedly only interviewed 9 people about the allegations against Brett Kavanaugh, and ignored his drinking habits Here are all the times Kavanaugh is suspected of misleading the Senate Red state Democratic Sen. Heidi Heitkamp says she will vote against confirming Brett Kavanaugh to Supreme Court The Kavanaugh Pressure Campaign on Red-State Democrats How Will the Kavanaugh Fight Shape Future Politics? John Paul Stevens Is Still Alive, Also Doesn’t Think Kavanaugh Belongs 3 Former Kavanaugh Clerks Say They’re ‘Deeply Troubled’ By The Allegations Against Their Former Boss GOP Confidence in Kavanaugh Confirmation Grows The Kavanaugh Hearings Are Hurting #MeToo It’s important to listen to those who come forward—and also to those accused Kavanaugh admits his tone may have been too sharp, vows to be a fair justice Facebook says it 'made mistakes' after top exec appeared at Kavanaugh hearing Bigger than Brett: Why Kavanaugh is so personal for women Passion, chaos as Kavanaugh confirmation vote nears Brett Kavanaugh vote: the two scenarios that could make or break Trump's legacy The Kavanaugh/Ford Trial: When Tribalism Defeats Truth Opinion pages in some of the nation's top publications reveal the deep divide around Brett Kavanaugh's nomination to the Supreme Court No, Kavanaugh Didn’t Lie The battle over Kavanaugh's confirmation is reaching a finale — here's what stands between him and a lifetime on the Supreme Court
(DBN)

W. Va. justice acquitted in impeachment vote as colleague’s criminal trial begins
(DBN)

The Perils of a Motion Seeking a Judge’s Recusal
(DBN)

Judge Maryanne Trump Barry Is Behind The Explosive Donald Trump Tax Revelations
(DBN)

Houston Man Gets Life in Prison for Scheme Involving Attempted Murder of Austin Judge
(DBN)

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Wall Street:

US futures decline ahead of jobs report
(DBN)

Stocks get whacked Dow falls the most in 2 months on fears of rising rates as 10-year yield hits highest since 2011 Good economic news is now bad news for stocks as rising interest rates take hold U.S. Stocks Fall as Government-Bond Selloff Ripples
(DBN)

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Layoffs:

These construction robots never need a lunch break
(DBN)

Heritage Home warns it may eliminate 149 Triad jobs
(DBN)

Even More of Telltale's Staff Has Been Laid Off
(DBN)

Meredith close to selling Sports Illustrated, Fortune and Money magazines as it sheds 4,500 jobs
(DBN)

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Retailing:

Steinhoff bondholders said to offer loan as part of bankruptcy filing
(DBN)

Reis: Regional Mall Vacancy Rate increased Sharply in Q3 2018 U.S. Shopping Malls Limp Into the Holiday Quarter
(DBN)

New owners of Toys ‘R’ Us brand count on eventual reboot
(DBN)

Toy companies meet without Toys R Us and then Geoffrey the Giraffe showed up
(DBN)

Toys ‘R’ Us Brand Owners Face Uphill Fight
(DBN)

Toys ‘R’ Us to rise from the ashes of bankruptcy, but should it?
(DBN)

Bringing Toys 'R' Us Back Would Be Smart -- But Is The Plan In The Right Hands?
(DBN)

Lenders Reconsider Liquidation of Toys “R” Us in Favor of Global Licensing Venture
(DBN)

Costco stock falls on sales miss; retailer says it found 'material weakness' in financial reporting
(DBN)

J.C. Penney has a ‘fighting chance’ if new CEO can stick to a strategy
(DBN)

The Complexities Of Wooing Bridge Millennials
(DBN)

The last big bookstore
(DBN)

Brookstone Sale Approved, Unsecured Creditors to Benefit
(DBN)

The retail apocalypse is still in its 'early innings' - and thousands more stores will close before it ends
(DBN)

Visualized: The World's Most Valuable Retail Brands
(DBN)

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Footwear:

Fresh Out of Bankruptcy , Rockport Buys Reef From VF Corp.
(DBN)

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Celebs:

Tisha Campbell-Martin Pays Over $100K to Buy Back Royalties in Bankruptcy Case
(DBN)

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Auto Racing:

Motor racing-Canadian group led by Stroll paid $117 mln for Force India
(DBN)

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Student Debt:

In new lawsuit, borrowers accuse Navient of standing in the way of student-debt forgiveness
(DBN)

Education Department will miss deadline on rules affecting students in for-profit colleges
(DBN)

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Accounting:

KPMG rejects offers for its restructuring business
(DBN)

Accountant repeats own Sudoku world record
(DBN)

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Farming:

Congress Fails to Pass Farm Bill
(DBN)

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Economy:

Fed Chair Powell sees ‘remarkably positive set of economic circumstances’
(DBN)

Weekly Initial Unemployment Claims decreased to 207,000
(DBN)

Kudlow Wants Government Spending Slashed
(DBN)

With the rise in interest rates, Friday's jobs report just got a lot more important September Employment Preview
(DBN)

Bond king Jeff Gundlach says Treasury market is witnessing a ‘game changer’ The booming economy arrives in the bond market U.S. junk bond spread over Treasuries narrows to post-crisis low
(DBN)

Workers get better pay, but it won’t last if low unemployment causes a Fed freakout
(DBN)

If real wages aren’t rising, how is household income going up? Wage Growth Tracker
(DBN)

Unemployment rates by occupation : Layoffs are more likely for some jobs
(DBN)

U.S. Jobless Claims Resilient in Face of Hurricane Florence
(DBN)

Booming US economy may soon be the 'strongest since 1999', Kevin Warsh says
(DBN)

10-year yield hits highest in 7 years as investors bet on roaring economy, higher inflation Wall Street's Jim Paulsen: The 10-year yield could go as high as 3.5% if worker pay continues to rise
(DBN)

Goldman: September Payrolls Preview
(DBN)

An economist explains how Amazon could use its lobbying for a $15 minimum wage as a 'weapon' against other retailers Why Amazon’s $15 Minimum Wage Matters How big is Amazon's wage increase?
(DBN)

GOP Agrees to Raise Federal Worker Pay Congressional Republicans tentatively agree to raise federal worker pay, rebuffing Trump
(DBN)

Bernie Sanders to McDonald's: Raise your minimum wage to $15
(DBN)

JP Morgan downgrades China stocks, predicts 'full-blown trade war' with US How to shop amid a trade war Trump Aims to Model New Trade Deals on Revised NAFTA Pence Piles on to US-China Trade War After Pence slams China in new speech, Beijing says he's 'confusing right and wrong' Graham Loved Tariffs, Helped Co's Avoid Them Why Trade Deficits Aren't So Bad US, China Drop All Pretenses: It's Us v. Them Allies sour on U.S. but fear China more US markets have a trade war edge over China: Commodities Pentagon sees China as 'growing risk' to US defense industry Riding the Metals Cycle Through Tough Tariffs Steel is surging under Trump. Will workers benefit?
(DBN)

US Was Not Invited to World Trade Organization Meeting U.S. not invited to Canada's save-the-WTO summit
(DBN)

These are the 10 US states where people are the most stressed out
(DBN)

Retirement Wealth Gap Disrupts Old Age
(DBN)

‘It was complete despair’: How a left-behind manufacturer saved itself
(DBN)

Consumer Litigation Filings, Complaints Increase Across the Board
(DBN)

Inequality is worse than we know: The super-rich really do avoid a lot of taxes
(DBN)

The 8 Major Forces Shaping the Future of the Global Economy
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Mortgage rates at highest level in 7 years Mortgage rates retreat a bit but are expected to resume rising
(DBN)

A red flashing light in the housing market could spell trouble for the economy
(DBN)

Reis: Office Vacancy Rate unchanged in Q3 to 16.6%
(DBN)

Reis: Apartment Vacancy Rate increased in Q3 to 4.8%
(DBN)

Foreclosed homes are appreciating faster than the typical U.S. home
(DBN)

Caveat Emptor: High-Yielding Mall REITs
(DBN)

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Municipalities:

Bond Insurers Want Independent Receiver for Puerto Rico’s Bankrupt Electric Utility Bond insurers renew push for Puerto Rico electric agency receiver
(DBN)

Puerto Rico power company announces 15 percent drop in bills Puerto Rico fiscal board questions electric power bill drop
(DBN)

Puerto Rico Government Development Bank restructuring hearing postponed until Friday
(DBN)

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Oil/Gas:

Oil Plunges on Market-Wide Selloff, Rising Inventories
(DBN)

Billions in Oil-Company Buybacks Down the Drain? Yes, Citi Says
(DBN)

Trump’s request for OPEC to max out oil production may backfire
(DBN)

IEA Asks Majors Oil Producers To Boost Production
(DBN)

Where oil is going
(DBN)

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Healthcare:

Triad pain clinic shuttered after bankruptcy
(DBN)

Verity Health seeks to auction hospitals, receives $235M initial bid
(DBN)

Santa Clara County Offers to Buy O’Connor, St. Louise Hospitals
(DBN)

Verity Health System's bankruptcy sparks concern from union members
(DBN)

Have Companies Hit the Limit on Shifting Health Care Costs to Employees?
(DBN)

Most continue to say ensuring health care coverage is government’s responsibility
(DBN)

Out-of-network coverage is disappearing
(DBN)

Medical devices cost more in U.S. than in similar countries
(DBN)

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Retailing:

'Amazon has all the power': How Amazon controls legions of delivery drivers without paying their wages and benefits
(DBN)

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Movies:

MoviePass' parent company says the $65 million in new funding it just raised isn't exactly 'new'
(DBN)

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Autos:

A phone call from Mark Cuban convinced Elon Musk to make a deal with the SEC Elon Musk mocks SEC as 'Shortseller Enrichment Commission' days after settling fraud charges US judge asks Musk and SEC to justify why securities settlement is 'fair and reasonable' Elon Musk Isn’t Done Tweeting Yet
(DBN)

New Trucks Priced Beyond Average Buyer
(DBN)

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Marijuana:

California Lawyers Have Ethical Cover to Advise Pot Clients
(DBN)

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Politics:

Presidential Approval Poll of Polls: Approve: 43.5% - Disapprove: 53.1% Trump’s International Ratings Remain Low, Especially Among Key Allies
(DBN)

Americans’ Trust in Politicians Hits 10-Year High
(DBN)

Here’s How Democrats Could Examine Trump’s Tax Returns: A Primer Trump’s Tax Returns in the Spotlight If Democrats Capture the House GOP Rep. Kevin Brady: Democrats' efforts to obtain Trump's tax returns are 'dangerous'
(DBN)

Small Investors Burned in Trump Hotels
(DBN)

Krugman: The Angry White Male Caucus
(DBN)

Trump May Fire Air Force Chief Over Pushback
(DBN)

Did Trump Evade or Avoid Taxes?
(DBN)

The Meaning of "Socialism" to Americans Today
(DBN)

Poll: Millions of Trump Supporters are Leftists
(DBN)

Hitler's Influence in US Was Strong for Many
(DBN)

With US midterms a month away, verdict on Trump looms Cook Political Report shifts 7 more races towards Dems Beto O’Rourke draws big crowds in Texas. But his voters tend not to vote Democrats' Lead Over GOP Drops by Half, Poll Finds
(DBN)

Trump’s Secret Weapon in 2020
(DBN)

Still Anonymous: White House hunt for op-ed author fades
(DBN)

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Entertainment:

Notice of Appearance: Evan Hengel, Managing Director of Berkeley Research Group
(DBN)

Weinstein Co.'s New Owner Argues Harvey Misconduct Doesn't Cancel 'Peaky Blinders' Deal
(DBN)

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Marijuana:

Marijuana-Company Debt Is Surging Along With Their Shares
(DBN)

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New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (15 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:

Commercial Chapter 11 Filings Plunge 31% Y/Y in September
(DBN)

Bankruptcy pace slows as Q3 closes
(DBN)

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Bankruptcy Rules:

Chief Justice Names New Conference Committee Chair Of Committee On Bankruptcy Rules
(DBN)

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Litigation:

Burford Raises $250 M in 24 Hours, Litigation Funding Rolls On
(DBN)

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Avoidance Actions:

Court: New Value Need Not Remain Unpaid to Limit Preference Liability
(DBN)

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Professional Employment:

Delaware Bankruptcy Court Holds Retention of Liquidation Consultant Not Subject to 11 U.S.C § 327(a)
(DBN)

USTP Working on Updating J. Alix Protocol
(DBN)

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Constitution:

How, Decades Ago, the U.S. Supreme Court Screwed-Up Our Bankruptcy World — Twice
(DBN)

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Climate:

Hurricane Florence’s force is still felt in North Carolina weeks later
(DBN)

Hurricanes: The Poor Never Really Recover
(DBN)

Climate scientists struggle to find the right words for very bad news
(DBN)

Why Are These Tiny Towns Getting So Much Hurricane Harvey Aid?
(DBN)

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Religion:

13 States Again Investigating Catholic Priests
(DBN)

Church faces perhaps its gravest crisis since the Protestant Reformation
(DBN)

Pope Francis Must Change Canon Law
(DBN)

After recent revelations, U.S. Catholics give Francis low marks on handling of abuse scandal
(DBN)

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Nuclear:

Russians Indicted Over Westinghouse Hacking
(DBN)

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Taxis:

CEO: Uber Wants to Give Drivers Benefits
(DBN)

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Corporate Reform:

Federal Finance Anti-Discrimination Official Under Fire for Racial Comments
(DBN)

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Travel:

You Won't Believe Why I Was Told I Can't Board My Saudi Arabian Airlines Flight
(DBN)

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Education:

What an Audacious Hoax Reveals About Academia
(DBN)

Tax Breaks Are Nice, But Bill Ackman Would Just As Soon Directly Profit From Public Education
(DBN)

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Aviation:

Ravn owner bids highest for PenAir
(DBN)

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Baseball:

Major League Baseball Strikes Out With Fan Attendance, Again
(DBN)

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UK:

Campaigners hit the streets in bid to reverse Brexit Deal or no deal, UK financial regulation will get tougher post-Brexit U.K. Politician Demands ‘Mueller-Style’ Probe of Brexit
(DBN)

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PIIGS:

No jail term for Italian ‘Robin Hood’ who stole $1 million and gave it to the poor
(DBN)

'Complete insanity' of Italy debt plans may lead to huge restructuring -euro officials
(DBN)

Italian banks face twin challenges of capital and funding
(DBN)

Sell Off Prompts Greek Banks to Spring Clean Balance Sheets
(DBN)

Greek bank shares slide on bad debt worries
(DBN)

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Canada:

Trade peace turns Trudeau’s attention to deeper economic woes
(DBN)

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India:

Acquisition of insolvent steel assets to increase leverage of buyers: Fitch
(DBN)

Bankrupt , but not quite: A curious turn in the road may greet Essar Steel
(DBN)

Govt to finalize Air India revival package in 10-15 days, says Choubey
(DBN)

ICRA downgrades Jet Airways' rating
(DBN)

IL&FS board was aware about need for capital infusion three and half year ago, says former independent director Jaithirth Rao IL&FS case: Fraud probe agency to look into the diversion of loan amount
(DBN)

Transfer Of Proceedings From Courts To NCLT: The Calcutta High Court’s View.
(DBN)The untold tale behind Modi's shock takeover of a risky lender
(DBN)

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Iceland:

Iceland Faces New Economic Crisis
(DBN)

Iceland Tourism Growth Is Dramatically Slowing
(DBN)

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Russia:

Final charges brought against ex-receiver in charge of Rosneft subsidiaries
(DBN)

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Australia:

Court of Appeal overturns Hamersley Iron decision
(DBN)

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New Zealand:

Voidability of third-party payments
(DBN)

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Lebanon:

Lebanon Debt on ‘Unsustainable Path’ as World Bank Cuts Forecast
(DBN)

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Ukraine:

Ukraine cenbank says up to 13 banks need to be recapitalized
(DBN)

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