September 18, 2018

The Daily Bankruptcy News

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Law:

Former Partner Hits Biglaw Firm With Explosive Gender Discrimination Charge
(DBN)

Female partner who sued Proskauer regarding compensation joins Polsinelli Partner Who Brought Biglaw Discrimination Suit Moves Firms
(DBN)

Average National Multistate Bar Exam score sinks to lowest level since ‘84 MBE Scores For July 2018 Bar Exam Crash To 34-Year Low
(DBN)

July 2018 Florida Bar Exam Results: Florida International Is #1 For 5th Year In A Row
(DBN)

Biglaw’s Big Problem With Mental Health And Substance Abuse
(DBN)

Eversheds Sutherland bumps London NQ lawyer pay to £72,000
(DBN)

Whether Inside or Out(side Counsel), Know the Business: GC Panel
(DBN)

Five Psychological Strategies Every Attorney Should Know About Negotiating
(DBN)

This is my favorite new feature in the latest iPhone software iOS 12 will be released today, along with watchOS 5 The One Thing You Have To Do To Fix Battery Life In iOS 12
(DBN)

New web platform helps users research meanings of words used in Constitution, Supreme Court opinions
(DBN)

Lawyer Thrown Off Cases Had Client Pay His Six-Figure Punishment
(DBN)

3 Tips For Maximizing Adoption Of New Processes In-House
(DBN)

The Biglaw Firm That Argued In Defense Of Segregation
(DBN)

Hogan Lovells partner ordered to pay £18,000 after sacking pregnant nanny
(DBN)

Federal Prosecutors Are Thinking About Going After Skadden Mueller's investigation could turn a profit, thanks to Manafort's assets The Winners and Losers Of The Manafort Plea Bargain 'It's not even a close call': Giuliani is pushing a dubious theory about Paul Manafort's plea deal that experts say is bogus Mueller asks judge to set sentencing date for Michael Flynn Michael Flynn Will Finally Be Sentenced Days After Manafort Cuts Deal, Mueller Suddenly Ready to Sentence Michael Flynn
(DBN)

Trump Pushes Back on Ex-'Apprentice' Contestant's Effort to Get Info About More Accusers
(DBN)

Trump calls for release of text messages from James Comey and others he's attacked Trump orders declassification of Russia documents, texts Trump throws bombshell into Russia investigation, orders release of controversial surveillance documents and Comey texts As Trump orders the release classified Russia docs, a top House Democrat says the FBI and DOJ told him the move would be a 'red line'
(DBN)

Why Russians Keep Visiting Maria Butina
(DBN)

Companies are being accused of price gouging on food, water, and gas during Hurricane Florence
(DBN)

Why the right to vote is not enshrined in the Constitution
(DBN)

Under Trump, refugee admissions are falling way short — except for Europeans
(DBN)

The Next Harmful Move Against H-1B Visas
(DBN)

The next phase of #MeToo goes beyond harassment “Deny” and “push back”: Trump’s playbook for men accused of misconduct McDonald’s slammed for using Weinstein law firm to get advice on harassment policy WSU Suspends Director Amid Assault Allegations U.N. Official Fired Over Misconduct Allegations
(DBN)

White man who harassed black students with gun in viral video charged
(DBN)

Champion golfer found murdered on golf course
(DBN)

Some immigrants picked up by ICE given ‘fake dates’ to appear in court
(DBN)

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Judges

Kavanaugh's accuser is willing to testify, attorney says Confirmation in Turmoil, Kavanaugh and His Accuser Will Testify at Public Hearing Monday's hearing of a lifetime The Senate will hold a public hearing on the Kavanaugh assault accusation Kavanaugh, Amid Sexual Assault Claim, Reportedly Hires Beth Wilkinson Kavanaugh's accuser says she's ready to publicly testify — and it could kill his nomination Christine Blasey Ford’s Republicans Inquisitors Will All Be Men Brett Kavanaugh’s accuser, Christine Blasey Ford, comes forward in the Washington Post The allegations against Brett Kavanaugh are about the present, not just the past Hatch says Ford may be 'mixed up' about Kavanaugh's involvement They’re Already Coming After Brett Kavanaugh’s Accuser Conservatives, including Fox host Laura Ingraham, promoted claims about the wrong Christine Ford in an attempt to smear Kavanaugh's accuser Who is Christine Blasey Ford, the professor who accused Brett Kavanaugh of sexual misconduct? Head of Kavanaugh accuser's private school says she's "proud" of her Ford's High School Alumnae: We Believe Her I Believe Her Some #FakeNews About Christine Blasey Ford’s Parents That Needs to be Debunked Krugman: Kavanaugh and the Politics of Bad Faith Ford is accusing Kavanaugh of a violent crime, not “misconduct” Kellyanne Conway says Kavanaugh’s accuser should be heard Trump on Kavanaugh: 'If it takes a little delay,' that's OK The ‘Pro-Kavanaugh’ Case For Hearings Into The Latest Accusations These seven senators could sink Brett Kavanaugh's Supreme Court confirmation Six Senate Democrats file lawsuit to force release of Kavanaugh documents Sen. Susan Collins: If SCOTUS nominee Brett Kavanaugh lied, 'that would be disqualifying' Koch network standing by Brett Kavanaugh after assault allegations White House scrambling over Kavanaugh accusations after Trump sees it as a personal affront: report Donald Trump Jr. mocks attempted r--- claim against Supreme Court pick Brett Kavanaugh Brett Kavanaugh's confirmation chances are starting to unravel Kavanaugh High School Pal Writes In Memoir Of Being Wild Drunk With Girls Mark Judge, the other man named in Christine Ford’s Brett Kavanaugh allegations, explained Donald Trump Jr. Posts Fake Letter to Instagram Mocking Woman Allegedly Assaulted by Supreme Court Nominee Brett Kavanaugh Where Brett Kavanaugh’s Senate confirmation process stands McConnell blasts Senate Democrats for not bringing up the allegations against Brett Kavanaugh earlier Democrats are starting to think Brett Kavanaugh is toast as Republicans anxiously dig in Joe Biden's call for Kavanaugh delay revives Anita Hill testimony Erick Erickson Erupts Over Christine Ford Allegation: 'They Are Interested in Killing Babies' Hannity Defends Kavanaugh: He Goes to Church Why God Is Laughing at Brett Kavanaugh
(DBN)

A Reminder Of The Supreme Court’s Decency
(DBN)

ABA Rates Another Trump 8th Circuit Nominee ‘Not Qualified’
(DBN)

Bill Cosby's wife wants ethics board to investigate judge
(DBN)

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Wall Street:

US futures recover ahead of the open, but US-China trade conflict caps gains
(DBN)

S&P 500, Dow snap win streak as U.S.-China trade war escalates Stocks end lower Monday as Trump says tariff details are near
(DBN)

Most of the 'big shorts,' who thrived during the financial crisis, have faltered since 2008
(DBN)

'Bull market climbs a wall of worry' as many Americans sit on the sidelines
(DBN)

Wealthy Americans may be warning of the stock market collapse to come: analyst
(DBN)

Wall Street pay jumps to highest since financial crisis
(DBN)

A Post-Lehman World: Top Stocks Then And Now
(DBN)

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Layoffs:

The first ripples of AI’s economic effects Unready for automation
(DBN)

Artificial Intelligence threatens to devastate jobs in developing world
(DBN)

A Robot May Take Your Job Sooner Than You Think
(DBN)

Machines To Handle Half of Work Tasks by 2025, Davos Group Says
(DBN)

IBM sued for age discrimination after thousands fired
(DBN)

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Food/Beverage:

Shrinking NYC Cafe Chain Fika Has Now Filed for Bankruptcy Protection
(DBN)

Saddled With $42M in Debt, Seasons Kosher Supermarket Files for Bankruptcy Seasons files for bankruptcy
(DBN)

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Lehman:

Lehman brokerage wind-down could end in 2019 - trustee
(DBN)

10 years after Lehman Brothers collapse, people changed their approach to money
(DBN)

Lehman crashed. But India, China and later, USA rose from 2008’s debris
(DBN)

Lehman Failed for Good Reasons
(DBN)

Lehman And The Financial Crisis: What Went Wrong?
(DBN)

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Autos:

Top 20 creditor list and other disclosures made in Reagor Dykes bankruptcy Reagor Dykes defaulted to Vista Bank on $2 million, new document reveals Ford, GM, Toyota all object to Reagor-Dykes sale GM says Reagor Dykes has no right to "convey" Chevy dealership status
(DBN)

Elon Musk sued by the cave rescue diver Tesla’s most credible rival raises $1 billion from Saudi Arabia Elon Musk vows to fix a Tesla service problem that has been driving customers crazy Tesla Confronts "Logistic Nightmares" For Model 3 Says Musk Tesla Admits to More Customer Problems
(DBN)

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Politics:

Investigation into FEMA chief referred to prosecutors
(DBN)

Indicted Congressmen Collins and Hunter try to do what no one has done since 1990
(DBN)

If You’ve Received A Criminal Summons In Texas, It Might Just Be A Ted Cruz Fundraising Letter
(DBN)

Victoria's Secret CEO Quits the GOP
(DBN)

Gary Cohn: Jamie Dimon would make a 'phenomenal president'
(DBN)

Republicans trail Democrats in Arizona, Tennessee Senate races Three factors will determine whether Democrats retake Congress in midterm elections
(DBN)

Woodward on Finding the Truth About Trump
(DBN)

Moore: I Think Donald Trump Could Be The Anonymous Source Calling Donald Trump Unstable And A National Danger
(DBN)

‘The Younger the Better’: Evidence Unsealed in Case of Pro-Trump Lawmaker Who Searched Craigslist for ‘A Boy’
(DBN)

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Mass Torts:

DOJ Signals New Vigilance of Asbestos Trusts in Bankruptcy DOJ raises flag in Kaiser Gypsum bankruptcy; Says it will investigate illegal conduct in trusts
(DBN)

J&J Talc Supplier Makes Last-Second Deal In Asbestos Trial
(DBN)

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Retailing:

Sears posts lowest drop in comps since 2014, but losses balloon
(DBN)

Claire’s Reaches Settlement With Oaktree
(DBN)

National Stores Inc.’s Bankruptcy
(DBN)

Why L Brands is giving up on Henri Bendel
(DBN)

Can Barnes & Noble be saved?
(DBN)

August retail sales miss as gas prices rise
(DBN)

Retail rents, vacancies stabilizing
(DBN)

Bon-Ton chains, including Bergner's, back in business online Bon-Ton may be on verge of a comeback New owner of Bon-Ton brands previously tried to buy bankrupt retailer
(DBN)

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Economy:

From the NY Fed: Manufacturing "Business activity continued to grow at a solid clip in New York State"
(DBN)

U.S. Household Debt to GDP Ratio Since Q2 2006
(DBN)

Gallup: Record-Low 12% Cite Economic Issues as Top U.S. Problem
(DBN)

Kudlow says White House aware of the rising deficit, but economic 'growth solves a lot of problems' Kudlow: US has the hottest economy in the world today: 'We're crushing it' Kudlow claims spending, not tax cuts, is culprit in budget deficit
(DBN)

New San Francisco Fed President Probably Should Have Been New N.Y. Fed President
(DBN)

You Were Warned: They Are Coming for Your Entitlement Programs
(DBN)

Despite buyback frenzy, ‘rumors of the demise of capital spending are greatly exaggerated’
(DBN)

Is corporate debt the next bubble?
(DBN)

More Americans are Defaulting on Credit Cards
(DBN)

The Average Wall Street Salary Is Up to $422,500. On Main Street, It's Much Less
(DBN)

Trump to impose another round of tariffs on Chinese goods Industry groups push back on new China tariffs Trump's tariffs 'will be painful,' Republican governor warns Trump will slap 10% tariffs on $200 billion in Chinese goods — and they will go to 25% at year-end Markets expect Trump to 'go all the way' on China tariffs: Expert Trump: Tariffs Save US Factories (Not Really) China has 'no choice' but to hit back at Trump's $200 billion tariffs — kicking the trade war up another level China must retaliate against US tariffs, Commerce Ministry says Commerce Secretary Wilbur Ross: China is 'out of bullets' to retaliate against Trump's new trade tariffs Trump slams China with tariffs on $200 billion worth of goods, taking the trade war to the next level Trump doubles down on trade war with China and warns: 'If countries will not make fair deals with us, they will be "Tariffed!"' Stocks fall after Trump says US-China trade announcement coming after the bell Apple briefly trims losses on report Apple Watch, AirPods will be spared from latest China tariffs Trump Spares Apple from New China Tariffs Apple Watch is safe, but China tariffs could still hit other consumer tech products Trade war’s ‘nuclear option’ could be bad for Apple, Amazon: strategist Trade war could become currency war depending on how China fights back China Will Hit the U.S. With a 'Synchronized' Retaliation for Trump's New $200 Billion Round of Tariffs Free trader Gary Cohn says Trump's end goal for China is "correct"
(DBN)

Is Canada ‘ripping us off’? Or is it the best U.S. trade partner?
(DBN)

Which states are most invested in trade with China and Canada? : The geographic distribution of U.S. exports
(DBN)

A spike in 10-year Treasury yields could trigger a financial crisis to rival the Great Depression
(DBN)

Four Lessons (Not) Learned From The Financial Crisis
(DBN)

'Who broke the law?' Cohn says in defending Wall Street's role in crisis
(DBN)

Corporations Using Tax Cuts for Buybacks
(DBN)

U.S. reduces refugee ceiling to 30,000 for 2019
(DBN)

Is This Just The Calm Before The Storm?
(DBN)

A better bailout was possible, Soros says
(DBN)

Hotels: Occupancy Rate Declines Year-over-year
(DBN)

LA area Port Traffic in August
(DBN)

The trucking industry is growing so fast that truck manufacturers are 'struggling' to keep up with new orders
(DBN)

Gates Foundation warns decades-long progress in fighting disease and poverty may reverse
(DBN)

The Risk of Derivatives Isn’t Gone. It’s Merely Morphed.
(DBN)

Billionaire who created National Debt Clock says: Tax the rich more
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Lawler: Early Read on Existing Home Sales in August
(DBN)

Buyers are ‘fatigued,’ ‘burned out,’ but kept house-hunting even in August, real-estate agents say
(DBN)

Mortgage lenders may again lower standards as applications drop, former CitiMortgage CEO says
(DBN)

The reason Americans are losing confidence in the housing market and one career change to consider
(DBN)

Accidental landlords — an unwelcome consequence of the housing market shock
(DBN)

NYC Housing Prices Have Surpassed Pre-Crisis Peak in 2006
(DBN)

Family of 5 looking to build their dream home left high and dry, out $25K and living in an RV
(DBN)

The whiter the neighborhood, the more black renters pay
(DBN)

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Municipalities:

One year later, evacuees from Puerto Rico still face challenges
(DBN)

A year after Hurricane Maria, Puerto Ricans rebuild what they can
(DBN)

'The Maria Generation': Young people are dying and suffering on an island with a highly uncertain future
(DBN)

How Puerto Rico Became the Newest Tax Haven for the Super Rich
(DBN)

The Best Places to Live in America
(DBN)

KY teacher says she has to work three jobs on top of donating plasma to pay her bills
(DBN)

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Oil/Gas:

E&P 'Bottom Of The Barrel' Club #18-5: Ex-Chapter 11 Company Stats For The First Half Of 2018
(DBN)

New Orrick Report Highlights Corporate Governance Trends in Energy Industry
(DBN)

Colorado’s Oil Industry Braces For A Devastating Blow
(DBN)

Oil rallies as Saudi Arabia said to grow comfortable with crude above $80 a barrel
(DBN)

OPEC sees need to keep oil supply deal as demand faces headwinds
(DBN)

The Age Of Electrification Has Arrived VW to Build 10 Million EVs in First Wave
(DBN)

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Apparel:

Why fashion brands destroy billions worth of their own merchandise every year
(DBN)

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Marijuana:

Report: Coca-Cola eyes jumping into marijuana market
(DBN)

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Fraud:

KC investors, out $2.5M, sue OP-based Pinnacle in bankrupt Florida ‘zero risk’ deal
(DBN)

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Cryptocurrency:

Bitcoin slips back toward critical support, drags market cap below $200 billion
(DBN)

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Movie Theaters:

MoviePass parent Helios and Matheson wants to do a second reverse stock split MoviePass' parent company wants approval for a dramatic reverse stock split of up to 1-for-500, just months after its 1-for-250 one failed to stabilize the stock
(DBN)

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Taxis:

Uber Driver Was Drunk, Passenger Drove Home
(DBN)

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Media:

Bustle Owner Plans to Double Down on Gawker
(DBN)

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Student Debt:

Why You Might Not Want to Pay Off Your Mortgage or Student Loans Early
(DBN)

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Religion:

8 more states have launched investigations into clerical abuse since the Pennsylvania report
(DBN)

Gallup: Pope Francis Favorability Down Sharply in U.S.
(DBN)

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Hotels:

Las Vegas: Lawyers for bankrupt Lucky Dragon file motion to close hotel
(DBN)

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Farming:

Minnesota elevator manager accused of stealing $2 million
(DBN)

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Aviation:

Former Sun Country Owner Learned a Lesson: 'Don't Fly Under the Radar'
(DBN)

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Healthcare:

10 hospital bankruptcies in 2018
(DBN)

Obamacare is under serious GOP assault
(DBN)

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Education:

Megachurch moves into McNally Smith College of Music building
(DBN)

The Coddling of the American Mind ‘Is Speeding Up’
(DBN)

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Pensions:

Disbarred attorney consults on case alleging hedge funds mismanaged Kentucky pensions
(DBN)

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Personal Finance:

Only 32 percent of Americans think they'll have enough to retire—here's how to know what you need
(DBN)

A juggling act: Paying down your student loans without sacrificing retirement savings
(DBN)

The 9 Craziest Ways These Millennials Are Saving Money To Retire Early
(DBN)

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New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (12 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (40 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:

Weekly Bankruptcy Claims Trading Activity
(DBN)

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Bankruptcy Policy:

One Dollar, One Vote: Mark-to-Market Governance in Bankruptcy
(DBN)

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TBTF:

Excuse Me?
(DBN)

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Releases:

Third Circuit Makes Clear That Plan Releases Can Extend To Post-Confirmation Acts
(DBN)

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Claims Trading:

A Cautionary Tale for Claims Traders and Other Contract Counterparties
(DBN)

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Avoidance Actions:

A Sweet Victory: New Value Defense Bolstered by Court’s Protection of Ice Cream Vendor
(DBN)

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Substantive Consolidation:

Non-Debtor Substantive Consolidation: Do Recent Cases Signal a Judicial Preference for State Law Claims?
(DBN)

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Professional Compensation:

‘Outrageously excessive’ requests for attorney fees can be altogether denied, 3rd Circuit says
(DBN)

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Cross-Border:

Recent New York decisions bolster use of Chapter 15 by debtor representatives
(DBN)

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SCOTUS:

In Recess #10: “Special Horses”
(DBN)

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Litigation:

Questions your clients may have about legal finance—and how to answer them
(DBN)

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Climate:

Some courts, law schools affected by Florence starting to reopen After Hurricane Florence, Legal Community Considers Next Steps Death Toll in Carolinas Climb to 32 Flooding from Florence to swamp Carolinas for days – or even weeks; death toll hits 20 'Pretty much cut off': Water everywhere as Florence floodwaters swamp North Carolina "Cajun Navy" volunteers rescue North Carolina nursing home residents Hurricane Florence damage estimated at $17 billion to $22 billion — Moody's Analytics Swine Waste Swirls Into Carolina’s Floods, Threatening Humans Worst flooding yet to come for waterlogged Carolinas Florence's floodwaters rise even as rainfall exits Carolinas Hurricane Florence victims get a break on taxes I'm on the ground for Tropical Storm Florence, which has caused catastrophic flooding and damage. Here's what I'm seeing Hurricane Florence From Above Only about 10 percent on hard-hit Carolina coast have flood insurance
(DBN)

Rising flood waters and flash floods from Florence menace the East Coast
(DBN)

Typhoon Mangkhut slammed right into Hong Kong — and the scenes were apocalyptic
(DBN)

Our building boom meets Mother Nature
(DBN)

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Travel:

Phoenix Idiot Who Delayed Hundreds of Flights
(DBN)

Holding Up Your Flight So the Pilot Can Eat
(DBN)

Airbnb Guest Killed in $210 Rent Argument
(DBN)

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Transit:

American Commutes Keep Getting Longer
(DBN)

Anger in California's carpool lanes as more than 200,000 drivers are set to lose decals
(DBN)

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Marijuana:

For Canadian marijuana investors, coming to U.S. is a ‘crapshoot’ that can end in lifetime ban
(DBN)

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Artifacts:

Entire Titanic Artifact Collection To Be Sold At Auction, Opening bid $21.5M
(DBN)

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UK:

“No Deal Brexit” and cross-border insolvency cases in the EU
(DBN)

'No deal' Brexit will affect fraud victims R3 boss warns
(DBN)

May's way or the highway for Brexit No-deal Brexit would hit UK economy, says IMF EU Chiefs to Map Out Post-Brexit Vision This Week, Tusk Says
(DBN)

Less than a third of business payments were made on time in Q2
(DBN)

Jaguar Land Rover Workers Go to 3 Day Week
(DBN)

House of Fraser customers' anger over invalid gift cards as retailer remains silent
(DBN)

Katie Hopkins: How Jack Monroe libel case brought the reactionary commentator close to bankruptcy After Mistaken Tweets, Columnist Is Near Bankruptcy Who is Katie Hopkins? What was her libel case about and is she insolvent?
(DBN)

Worrying number of young people are declaring themselves bankrupt and here's why
(DBN)

British Steel cuts 400 jobs in bid to secure “long-term future”
(DBN)

Supreme Court gets first ever female majority
(DBN)

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Canada:

Net worth rising but higher debt stings Canadian consumers: analysis
(DBN)

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Thailand:

2 bankruptcy laws being amended
(DBN)

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India:

5 points to consider before bidding under Insolvency and Bankruptcy Code 2016
(DBN)

India tries to stem rupee selloff in another round of emerging-markets turmoil
(DBN)

Liquidation of stressed firms: Creditors staring at 92% haircut
(DBN)

Lessons to be learnt from India's debt-ridden projects
(DBN)

As Debt Woes Spread, India's IL&FS Ratings Cut to Lowest Levels
(DBN)

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Africa:

African countries seek relief from Chinese loans
(DBN)

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Australia:

Can a bankruptcy trustee acquire then sue on causes of action held by a third party?
(DBN)

What are the highest risk industries for corporate insolvencies in Australia?
(DBN)

Bankrupt 'Gordon Gekko' booted off luxury ski resort project
(DBN)

Downfall of a fashion darling: How top designer and 'Bare' founder Rebecca Davies, 56, 'lost everything'
(DBN)

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Thailand:

Bankruptcy sector 'needs streamlining' Two more bankruptcy laws being amended
(DBN)

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Brazil:

Oi's use of mediation creates model for future Brazilian Judicial Recovery processes
(DBN)

Shareholders of Brazil's Oi approve new board, capital raise
(DBN)

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Singapore:

The new insolvency, restructuring and dissolution bill
(DBN)

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Luxembourg:

Court of Appeal rules on loss of credit capacity in bankruptcy
(DBN)

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Mozambique:

Car assembly plant in Mozambique goes into bankruptcy and leaves only debt
(DBN)

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MENA:

Mideast Peace Plan Will Make Things Worse
(DBN)

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Ukraine:

UK court says Ukraine-Russia $3 billion Eurobond case should go to trial
(DBN)

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Venezuela:

Maduro Orders 3,500 Percent Increase in Minimum Wage … 40 Percent of Businesses Close
(DBN)

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