September 27, 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:

Biglaw Firm Reverses Course On Associate Raises, Is Now Onboard With $190,000 Starting Salary • Fish & Richardson Will Match Cravath On Pay After All
(DBN)

Trenk DiPasquale Seeks Dismissal of Newark Watershed's Malpractice Claims • McManimon Scotland Absorbs Trenk DiPasquale
(DBN)

Cadwalader, Redskins Owner Settle $22M Malpractice Fight
(DBN)

Alternatives to email give law clients secure communication options
(DBN)

The PwC / Fragomen Alliance Unpacked: A Peek Inside The Big Four’s Legal Market Playbook
(DBN)

More law firms join 'best for women' lists, but statistics are stalled
(DBN)

Winging It No Longer, Law Firms Bring in the Diversity Professionals
(DBN)

Atlanta, Austin Lead the Way for Legal Industry Jobs, Study Says
(DBN)

Weil Gotshal Has A Big, Big MeToo Problem
(DBN)

5 More GC Tips For Succeeding As A New Associate
(DBN)

Updated: Lawyer is suing his former girlfriend for the return of a $100,000 engagement ring
(DBN)

Lawyer accused of $26M embezzlement will be proven ‘a thief and a liar,’ prosecutor says
(DBN)

Wealthy Students Have A Much Easier Time Succeeding In Law School
(DBN)

Finding a home in the law
(DBN)

David Boies’s Fall From Grace
(DBN)

Civility reboot: Can lawyers learn to be nicer to one another?
(DBN)

Tales of addiction: What every attorney should know about alcohol and substance abuse
(DBN)

How do you say it? Try this quiz to evaluate your pronunciation skills
(DBN)

Cat-and-mouse game: Customers demand cybersecurity, law enforcement wants easier access to evidence
(DBN)

Lawyer suspended 120 days for using F-word picked up on microphone in court, her 7th sanction
(DBN)

Law firms embrace blind recruiting to promote diversity--but does it work?
(DBN)

Harassment survey respondents see no change 'till everyone believes' • Jeremy Piven Rants at Charity Event for Domestic Violence Victims: ‘F--- You All’ • Why we’re still asking why survivors don’t report assault — and how we can change • Plaintiff’s Assault Complaint Asserts Claims Against Michigan State’s Board of Trustees
(DBN)

From courtroom to concert stage, this criminal defense lawyer uses her voice to push for reform
(DBN)

Supreme Court considers whether prisoner with dementia and no memory of his crime should be executed
(DBN)

Trump on Rosenstein: 'My preference would be to keep him' • Trump said he doesn’t want to fire Rod Rosenstein • Special counsel Robert Mueller was spotted getting tech support at an Apple store • California man in 'state of fear' after aiding Mueller probe
(DBN)

Did Bill Cosby Get Off Easy? • The hypocritical moralizing of Bill Cosby • Bill Cosby Is Not a Political Prisoner • Bill Cosby’s spokesperson says his client and Brett Kavanaugh are victims of a “sex war” • Bill Cosby goes to jail, and he’s not the only elderly American there • Cosby Defense Dilemma: Vowed Appeal Could Lengthen Prison Time
(DBN)

Feds investigate allegations of discrimination at Yale
(DBN)

Immigrants could be required to show credit scores if they want to stay in the U.S.
(DBN)

Texas Attorney General Stands With School That Expelled Teen for Refusing to Stand for Pledge of Allegiance • SCOTUS
(DBN)

Won't Pull Over for Cops. "I Drive a Prius"
(DBN)

Inmate escapes, sneaks back into prison
(DBN)

Smash-And-Grab Thieves Hit CO Pot Shop, Come Away With Oregano
(DBN)

______________

Judges:

BK ND IL: Bankruptcy Judicial Resources Survey Results
(DBN)

Here's the calendar Brett Kavanaugh gave a Senate committee from the summer of alleged sexual assault • Brett Kavanaugh’s high school calendar doesn’t prove anything — except that he partied • Kavanaugh "hopping mad" ahead of hearing • Third accuser Julie Swetnick alleges Kavanaugh was present at 1982 party where she was gang r---- • Who is Julie Swetnick? Third Accuser • 5th Kavanaugh Accuser Recants • Read the Doc: Kavanaugh’s Written Testimony Released Ahead of Hearing • The two Brett Kavanaughs • Kavanaugh to tell senators he is the victim of 'grotesque' character assassination • Kavanaugh denies latest accusation: 'This is ridiculous and from the Twilight Zone' • “There are no good options”: Republicans prepare for the Kavanaugh hearing • There's No Precedent for What's Going on With Brett Kavanaugh • Sex crimes prosecutor to question Kavanaugh and Ford; accuser has submitted 4 declarations • Kavanaugh accuser to senators: ‘I am no one’s pawn’ • Full transcript: Christine Blasey Ford's opening statement to the Senate Judiciary Committee • FactCheck: That's Not Blasey-Ford with Soros • Holton-Arms Girls: I Was Ashamed to Speak • Kavanaugh was ‘physically aggressive’ at parties where r---- occurred: 3rd accuser’s affidavit • New Kavanaugh accuser Julie Swetnick details parties where girls allegedly were drugged and raped • Kavanaugh Is a Test for the Conservative Legal Movement • Trump slams Avenatti over new Kavanaugh accusations — and Avenatti fires back: 'Let's go' • Kavanaugh Faces New Misconduct Claims From Third Woman • Michael Avenatti’s client says she witnessed Kavanaugh assault girls in high school • Top Democrats call for Supreme Court nominee Brett Kavanaugh's withdrawal • Democratic Sen. Jeff Merkley has filed an injunction to stop the Kavanaugh vote • GOP strategist who worked with Kavanaugh says new accusations of misconduct are 'ridiculous' • Brett Kavanaugh’s high school yearbook entry, annotated • These senators will make or break Brett Kavanaugh’s confirmation vote • Here’s What Brett Kavanaugh’s College Roommate Has To Say • What Brett Kavanaugh’s denials say about his moral judgment • America tears itself apart • There Is A Way Out Of A Toxic Supreme Court Nomination • Absolutely all bets are off at the Senate Judiciary Committee hearing for Kavanaugh's accuser • All Sides Dig In as Politics Heat Up Ahead of Kavanaugh Hearing • Senate Judiciary Committee says staff interviewed 2 men claiming they, not Kavanaugh, assaulted Ford • Trump: 'I could be persuaded' to change mind on Kavanaugh after hearing • What Donald Trump got wrong before Kavanaugh, Ford hearings
(DBN)

“Borking,” explained: why a failed Supreme Court nomination in 1987 matters
(DBN)

How Brett Kavanaugh's Confirmation Process Might Impact Future Confirmations
(DBN)

Kavanaugh hearings should serve as a warning for teens: Your social media will haunt you
(DBN)

Justice Ruth Bader Ginsburg has become an unlikely pop culture icon • Ruth Bader Ginsburg expressed support for the #MeToo movement on the eve of high-stakes Kavanaugh-Ford hearing
(DBN)

Judge is reassigned after being accused of calling prosecutor a slur and implying they had sex
(DBN)

Recusal Rules Strained When AG and Justice are Father and Son
(DBN)

______________

Wall Street:

US futures under pressure after Fed hikes rates; political turmoil adds unease • Stock futures edge higher, putting Dow in position to snap 3-day skid
(DBN)

Stocks close lower after bank sector drops on Fed comments
(DBN)

Blackstone's Byron Wien says S&P 500 will still rise to 3,000 by year-end despite Fed hikes
(DBN)

Kavanaugh hearing may ‘grind down’ stock market to half its average volume, strategist says
(DBN)

Why Are So Many People Talking About The Potential For A Stock Market Crash In October?
(DBN)

______________

Layoffs:

Are Lawyers Really A Dying Breed?
(DBN)

Could AI soon replace your radiologist?
(DBN)

______________

Politics:

Dems hold edge in Rust Belt Senate races: poll
(DBN)

Moon Asks Trump to End the Korean War
(DBN)

Trump Evidence of China's Meddling? An Ad
(DBN)

How Trump could win in 2020
(DBN)

Trump: China Respects My Very Large Brain
(DBN)

Trump: World leaders at U.N. were 'laughing with me' • Diplomats Say They Were Definitely Laughing At Trump At The UN
(DBN)

Trump Went Off on Macron
(DBN)

Trump Gets Foreign Policy Lashing at UN
(DBN)

Anti-Iran Isolation Efforts at UN Backfire
(DBN)

Nike nearly dropped Colin Kaepernick before putting him in its anniversary ads
(DBN)

GOP Support for Kavanaugh, Trump is Falling
(DBN)

California showdown: Tight race between GOP congressman and Democratic rival gets personal
(DBN)

Turnout surges among young voters in battleground states' primaries
(DBN)

Michael Bloomberg becomes House Dems' $100 million man
(DBN)

______________

Climate:

World's Ice is Now Acting Strangely
(DBN)

______________

Pensions:

Public pensions are paying higher fees for lower returns, Pew study finds
(DBN)

______________

Economy:

The Fed is about to raise interest rates again — here's how it happens and why it matters • Here's what changed in the new Fed statement • Fed hikes interest rates, raises its economic outlook and drops 'accommodative' language • Fed's Powell says drop of 'accommodative' does not signal any change in rate hike path • Fed still expects one more rate hike in 2018, three for 2019 • Dow rises 100 points after Fed hikes rates, sees stronger economy • Here's what that Fed rate hike means for your wallet • Powell 'pulled a Goldilocks' and said policy is just right, Art Cashin says • Fed's Powell says he doesn't see inflation surprising to the upside, sending yields lower • Fed sounds less aggressive than expected and less confident in long-term growth • Interest-rate-hike scoreboard: Fed 8, U.S. savers 1
(DBN)

Trump Unhappy with Fed Rate Decision
(DBN)

The US government is set to spend more on its debt than on the military within a decade
(DBN)

US Credit Scores Soar To 704, But Debt Looms
(DBN)

Reward Credit Cards Accounting for Growing Share of U.S. Credit Card Purchases
(DBN)

Companies are warning about declining profits, which could mean trouble for this bull market
(DBN)

Trump: Trade War Has Had No Impact on the Economy • Fed: More Corporate Complaints on Tariffs • All Major Retailers Raising Prices Over Tariffs • Trump metals tariffs will cost Ford $1 billion in profits, CEO says • China's latest move shows it's committed to fighting Trump in the trade war for the long haul • CIA officer turned GOP lawmaker: Trump's tariffs send wrong message to China on US technology theft • European Central Bank: US Would Lose Out in Trade War with the World • Faced with tariffs, Tokyo looks set for caution as it enters trade talks with US • Japan Dodges US Auto Tariffs • Another round of Trump tariffs could mean 'economic shock waves' for China • Senate GOP Blast Trump on Auto Tariffs • How China Systematically Pries Technology From U.S. Companies • President Trump cites China's respect for his 'very, very large brain'
(DBN)

Aluminum Makers’ Profits Suffer as Prices Rise for Key Ingredient
(DBN)

US Blocks Another WTO Judge
(DBN)

Text of US-Mexico trade deal expected to be released, sources say; Canada can be added later • NAFTA: US to Canada -Time is Running Out • Trump claims he rejected a meeting with Trudeau over NAFTA — but Canada says it never asked to meet
(DBN)

House passes spending package to avoid government shutdown, but Trump still has to sign • Budget director Mick Mulvaney: I think you can take Trump at his word not to shut down government
(DBN)

HBR: Social and Political Cost of the 2008 Financial Meltdown
(DBN)

10 years after the financial crash, more Americans say they’d be proud to work on Wall Street
(DBN)

America's super rich: six things to know
(DBN)

Nearly 70% of Americans consider themselves middle-class—here's how many actually are
(DBN)

Executives are selling off their company's stock at a record pace
(DBN)

U.S. Remains 'Safe' Haven As Emerging Economies Move Toward Distress
(DBN)

Tax Cut 2.0 Push Seen Ending in Whimper, But There’s Always 2025
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Condominium Assessments: When Is Postpetition Really Prepetition?
(DBN)

New Home Sales increase to 629,000 Annual Rate in August • A few Comments on August New Home Sales
(DBN)

Zillow Case-Shiller Forecast: Slower House Price Gains in August
(DBN)

Apartment rents are suddenly rising faster, reversing year-long trend
(DBN)

These are the world's biggest property bubbles as ranked by UBS
(DBN)

San Luis Square developers file bankruptcy
(DBN)

Billy Abraham bankruptcy deal falls through
(DBN)

____________

Municipalities:

McKinsey Advises Puerto Rico on Debt. It May Profit on the Outcome.
(DBN)

Report finds Puerto Rico closer to economic recovery
(DBN)

______________

Oil/Gas:

Lenders, Borrowers See Borrowing Bases Increasing • Borrowing base survey signals more credit for energy producers • Haynes and Boone Releases Borrowing Base Redeterminations Survey and Other Key Data in Energy Report • Haynes And Boone Energy Roundup Fall 2018
(DBN)

Energy Companies Continue to Recover from Downturn, Law Firms Stand to Gain
(DBN)

Oil approaches $82 as Iran sanctions continue to drive supply fears • Saudi Arabia will quietly add extra oil to the market to offset a drop in Iranian production
(DBN)

U.S. gasoline prices at seasonal four-year high ahead of midterm elections
(DBN)

Total Sees $100 Oil Coming • Goldman Sachs: Oil Prices Won’t Hit $100
(DBN)

Oversupply, Demand Stagnation to Strangle Long-Term U.S. Natural Gas Prices, Says Morgan Stanley
(DBN)

Frackers May be Making Earthquakes Worse
(DBN)

Why Ultra Petroleum Corp’s Stock Is Tumbling Again • Ultra Petroleum -25% after failing to reach terms with lenders
(DBN)

Pacific Drilling Announces Closing of $1.0 Billion Aggregate Principal Amount Senior Secured Notes
(DBN)

______________

Student Debt:

The Department Of Education Approved A Shockingly Low Number Of Federal Student Loan Forgiveness Applications
(DBN)

African-Americans have more student debt, and more problems repaying it
(DBN)

Decision in ABA's Fight over Texas Pro Bono Loan Forgiveness Yet to Come
(DBN)

______________

Movie Theaters:

Movie theater chain with 4 NJ locations files for bankruptcy
(DBN)

______________

Conglomerates:

General Electric is in Sharp Decline
(DBN)

______________

Transit:

Why US public transportation is so bad
(DBN)

A first: Conviction for scooting under the influence
(DBN)

______________

Entertainment:

Weinstein Can Seek Additional Ch. 11 Docs At Own Expense
(DBN)

______________

Retailing:

Bed Bath & Beyond falls 15% after earnings miss
(DBN)

CEO's plan to save Sears would hand his hedge fund $1 billion
(DBN)

Trailblazing retailer Sears fights for its survival
(DBN)

Retail workers are more vulnerable than ever. A new campaign wants to protect their jobs.
(DBN)

Mattress Firm stores are at the center of controversies and conspiracy theories - here's what it's like to shop there
(DBN)

______________

Movies:

MoviePass on the Way to Bankruptcy • MoviePass' parent company has boosted its share count by an unbelievable 80,000% since July — but it's run out of room to issue new stock
(DBN)

______________

Musical Instruments:

Gibson finds post-Chapter 11 CFO
(DBN)

______________

Celebs:

'Slaves to debt': fashion models speak out about catwalk misery
(DBN)

______________

Travel:

The Government Wants Airlines to Delay Your Flight So They Can Scan Your Face
(DBN)

Mom says she was reprimanded for crying baby on flight to SFO
(DBN)

______________

Festivals:

Richmond Group Offers £1.1MM to Save Bestival from Bankruptcy
(DBN)

______________

Pharma:

Egalet eyeing a deal to return to 'sound financial footing'
(DBN)

______________

Auto Racing:

Motor racing-Uralkali sues administrators of Force India F1 team
(DBN)

______________

New Bankruptcy Opinions
(6 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (13 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)

______________

Trustees:

ABA Supports Chapter 7 Bankruptcy Changes
(DBN)

Goodlatte Statement at Hearing on Bankruptcy Administration Improvement Act
(DBN)

Bankruptcy Watchdogs Push Congress for a Raise
(DBN)

Statement Of The American Bankruptcy Institute Commission On Consumer Bankruptcy
(DBN)

______________

TBTF:

Senate Judiciary Committee To Hold hearing on Big Bank Bankruptcy
(DBN)

Powell agrees with Bernanke that Congress shouldn’t have taken away Fed’s crisis-fighting tools
(DBN)

______________

Mass Torts:

Pleading: UST Objects To FCR Rep In Asbestos Bankruptcy: "Mr. Fitzpatrick has been selected by the very parties that he will be required to negotiate with or litigate against and who retained and compensated him prior to bankruptcy" • U.S. Trustee Program Files Objection to the Appointment of the Debtor’s Proposed Future Claimants’ Representative For Future Asbestos Claimants in Duro Dyne National Corp.
(DBN)

Court Rejects Appeal Of Companies Sweating New Rules In NYC's Controversial Asbestos Docket
(DBN)

______________

Fraud:

Fans Scammed Out Of Millions Of Dollars By Fake Celebrity Accounts
(DBN)

Executex Sues Salesman Of Alleged Fraud In White Plains Bankruptcy Court
(DBN)

______________

Bankruptcy Rules:

Delaware Local Bankruptcy Rules Comment Period 10/1/18-10/31/18
(DBN)

______________

Proofs of Claim:

Compliance Staff Has Marching Orders in Citigroup Settlement Over Robo-Signing
(DBN)

______________

Debt Collection:

Third Circuit: Warning Debtor That Discharge Of Debt May Be Reported To IRS Can Violate The FDCPA
(DBN)

______________

Discharge:

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

______________

Aviation:

Azur Air ends flights as tour operators support insolvent Small Planet Airlines
(DBN)

______________

Healthcare:

Major hospital chain faces potential cash crisis after DOJ criminal fraud settlement, Moody's warns
(DBN)

Senator Tom Casperson responds to DCHS Bankruptcy filing • DCHS board could move forward with bankruptcy recommendation Tuesday • Michigan hospital begins bankruptcy filing after ending sale negotiations
(DBN)

Famed inventor Dr. Julio Palmaz settles bankruptcy lawsuits over failed company
(DBN)

City of Lynwood moves to buy St. Francis hospital
(DBN)

Bankruptcy shakes Boise hospital
(DBN)

Why nearly 4 in 10 people on Medicare skip their doctor's visits
(DBN)

Anxiety is expensive: Employee mental health costs rise twice as fast as all other medical expenses
(DBN)

80,000 Died of the Flu Last Winter in US
(DBN)

Air Ambulance Leaves Doctor w/ $56,000 Bill
(DBN)

HHS Secretary to knock "Medicare for All"
(DBN)

How consultants and pharmacy middlemen work the drug pricing system
(DBN)

______________

Tech:

The billionaire LA Times owner calls social media the 'cancer of our time'
(DBN)

______________

Religion:

The Catholic Church Is Rich Enough to Settle Abuse Cases Forever
(DBN)

Minn. archbishop affirms abuse victims' courage as settlement approved
(DBN)

______________

Marijuana:

More millennials are choosing cannabis over booze
(DBN)

______________

UK:

Toys R Us administrator braced for £35m US hedge fund battle
(DBN)

UK Promises Low Taxes To Tempt Post-Brexit Business • Senior Lawmaker Warns Financial Sector Faces Brexit Damage • May Losing Support for a No-Deal Brexit • No-Brexit Deal Could Ground UK Flights to EU • No-deal Brexit no option for auto industry: SMMT
(DBN)

Putin's 'tourist' accused of nerve agent attack turns out to be a highly decorated Russian intelligence officer
(DBN)

Over two-fifths of North East firms at heightened risk of insolvency
(DBN)

______________

EU:

The Tiny Bank At The Heart Of Europe's Largest Money Laundering Scandal
(DBN)

______________

Venezuela:

Trump: Military Can Overthrown Maduro
(DBN)

Treasury Secretary Mnuchin says US will not let up pressure on Maduro's regime in Venezuela
(DBN)

Maduro heads to New York, Trump says open to meeting
(DBN)

______________

MENA:

Saudi Arabia first comprehensive bankruptcy law went into effect last month • Saudi Arabia's legal revamp offers hope for cautious investors
(DBN)

Trump Claims He Wants Two State Solution
(DBN)

As prince rose, Bin Laden business empire crumbled
(DBN)

______________

Russia:

VIM Airlines declared bankrupt
(DBN)

______________

Argentina:

IMF says it's increased Argentina loan to $57 billion, pending board approval
(DBN)

______________

South Africa:

SAA assures stakeholders it is not filing for bankruptcy
(DBN)

______________

Australia:

How To Fight A Liquidator's Clawback Of Unfair Preference Payments.
(DBN)

______________

India:

How Indian Taxes Affect Distressed - Loan Investors
(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