September 6, 2018

The Daily Bankruptcy News

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3-Column Formating

 

Law:

The Final Gasps Of A Defunct Biglaw Firm • Former Dewey chairman reaches agreement with SEC to pay six-figure civil penalty
(DBN)

Allen & Overy, O’Melveny & Myers Leaders Meet Again Amid Tie-Up Talks
(DBN)

Another Firm Raises Salaries Right Before Labor Day
(DBN)

Wachtell Billing Practices Come Under New Scrutiny in CVR Case
(DBN)

Chicago Bankruptcy Lawyer Unsuccessfully Sues Yelpers For Poor Reviews
(DBN)

Philly: Holland & Knight takes even more Reed Smith lawyers, looking to add bankruptcy lawyers
(DBN)

Networking 101: Don’t Tell Me What You Do, But For Whom You Do It
(DBN)

Women with advanced degrees are having more kids
(DBN)

Partners Could Hurt Clients If They Don’t Let Associates Argue Motions
(DBN)

Judge denies Trump ex-campaign boss Paul Manafort's request to move second criminal trial out of DC • Potential Manafort Jurors Are Asked If Trump Links Would Sway Them • Why Donald Trump Is the Key to Paul Manafort's Defense • Woodward’s Account of Trump’s Mock Interview With Prosecutors Isn’t Pretty • 'Uncharted territory': Giuliani is demanding that Trump gets to review Mueller's report before it comes out • Judge bars mention of Mueller's collusion probe from ex-Trump campaign chief Manafort's second trial • An intriguing development in Mueller’s effort to question Trump • Jerome Corsi, Conspiracy Theorist, Is Subpoenaed in Mueller Investigation • The Mueller probe's troubling reliance on journalists as sources • Trump: I could show you photos of Mueller, Comey 'hugging and kissing'
(DBN)

GOP Sen. Richard Burr on social media hearings: It's hard to 'legislate around' the First Amendment • Sessions getting serious about tech company crackdown, will meet with state attorneys general • Jeff Sessions May Try to Regulate Social Media Sites
(DBN)

Pence Breaks With Trump, Praises Sessions
(DBN)

Fact-checking Trump's tweet about GOP lawmakers' indictments
(DBN)

Conservatives rattled by floated names for WH counsel position
(DBN)

“I was stunned he would do this to someone who taught harassment law” • Louis C.K.’s controversial comeback attempt, explained • Schnader Harrison To Sue Cosby Citing Unpaid Legal Bills • The Kid Files Assault Case Against Argento • Argento Now Claims The Kid Attacked Her
(DBN)

Why your desk job is so damn exhausting
(DBN)

Percentage of federal weapons prosecutions up sharply under Sessions-led DOJ
(DBN)

As Months Pass in Chicago Shelters, Immigrant Children Contemplate Escape, Even Suicide
(DBN)

Man puts up electric fence near a school bus stop to keep kids off his lawn
(DBN)

Colin Kaepernick's Grievance Against The NFL Is Going To Trial
(DBN)

Pennsylvania Prosecutors Pursue Charges For People Who Fall Behind On Rent-To-Own Payments
(DBN)

St. Louis Prosecutor Refuses To Accept Criminal Cases From 28 Cops
(DBN)

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Judges:

Vacancy Announcements U.S. Bankruptcy Judgeships (2) - District of Delaware (Wilmington, DE)
(DBN)

Supreme Court nominee Kavanaugh calls landmark abortion ruling Roe v. Wade 'an important precedent' • Brett Kavanaugh was asked about abortion in his confirmation hearing. His answer tells us nothing. • Clinton: 'Of course' Kavanaugh will vote to overturn abortion ruling • Kavanaugh Hearings: Each Party’s Goals • Kavanaugh won’t say how he will rule—and that’s a good thing • U.S. attorney denies wife was flashing 'white power' sign • Watch: Supreme Court nominee Brett Kavanaugh answers questions during second day of hearings • Kavanaugh won’t answer ‘hypothetical’ presidential self-pardon question • Supreme Court nominee Kavanaugh says 'no one is above the law' as Dems fret he could protect Trump • Alex Kozinski Harassment Allegations Were 'Gut Punch,' Kavanaugh Tells Senate • Brett Kavanaugh’s 2nd Amendment views, explained • Kavanaugh Confirmation Hearings: Day 2 • Kavanaugh won’t define ‘dastardly’ • Kavanaugh Hides Behind Judicial Precedent • Kavanaugh Won’t Say Trump Should Have to Obey Subpoena • 'I think you're thinking of someone and you don't want to tell us': Kamala Harris corners Brett Kavanaugh on a question about the Mueller investigation • A Judge Who Can’t Be Vetted Shouldn’t Be Confirmed • Kavanaugh dodges on whether Trump could pardon himself • Parkland father's moment with Brett Kavanaugh goes viral • Will Kavanaugh’s confirmation hearing provide any useful information? • Kavanaugh Touts 'Team of Nine.' Justice Holmes Saw It Differently: 'Nine Scorpions in a Bottle'
(DBN)

Confirmation hearing fireworks are likely to be the new normal
(DBN)

Let’s Have A Reality TV Show About Judges
(DBN)

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Wall Street:

US futures edge higher as trade concerns with China and Canada simmer
(DBN)

U.S. stocks retreat as tech sector on track for worst day in over a month
(DBN)

Goldman Sachs Joins Citigroup in Flashing Warnings on S&P 500
(DBN)

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Layoffs:

Death of the Salesman: Humans Lose as Computers Close More Deals
(DBN)

Glaxo to cut 650 U.S. jobs as part of global restructuring: report
(DBN)

Alyeska to cut 10 percent of pipeline workforce, eliminating jobs
(DBN)

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Food/Beverage:

Necco trustee sues former owner and executives, alleging mismanagement
(DBN)

Ruby's Diner Announces Financial Reorganization
(DBN)

Wendy's CEO sees consumer spending as 'challenging,' a stark difference from Target's best-in-decades view
(DBN)

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Politics:

Trump accuses social media companies of interfering in 2016 and 2018 elections • Trump, without evidence, accuses social media firms of election meddling • Twitter chief Dorsey pressed over liberal bias claims • Congressman drowns out protester with auction call in Twitter hearing
(DBN)

The obvious reason why burning Nikes is so ridiculous, explained by Trevor Noah • Trump says Nike’s stock is ‘getting absolutely killed with anger and boycotts’ • Nike’s Kaepernick stock drop is a mere dip in this year’s climb • The Nike boycott over Colin Kaepernick, explained • Nike has released its commercial starring Colin Kaepernick — as well as Serena Williams and LeBron James — after being trashed by Trump • Nike's Kaepernick ad could be just the first salvo in a new era of corporate activism • Americans Split on Athletes Kneeling in Protest
(DBN)

Trump said US intelligence sources are people who have 'sold their souls': Bob Woodward book • “Everybody on the Inside Knows It’s True”: Woodward’s Reality Bomb Is Blowing Up the West Wing • Woodward book prompts West Wing witch hunt, sources say • The Woodward Book Puts a Target on Mattis's Back • President suggests libel law changes in attack on Woodward book • Trump says he's the 'exact opposite' of how he's portrayed in Bob Woodword's new book • Woodward Tells Us Something We Already Know About Trump • Anti-Mueller Playbook Used on Woodward • Woodward's book reportedly spurred Trump to look to replace Mattis — here's who's at the top of that list
(DBN)

Trump suggests protesting should be illegal
(DBN)

New York Times publishes anti-Trump op-ed from what it says is senior administration official • I Am Part of the Resistance Inside the Trump Administration • New York Times confirms far-right's 'deep state' boogeyman is real in a boost to conspiracy theorists • White House aides are reportedly scrambling to unmask 'gutless' senior official who wrote the blistering NYT op-ed • Bookies place odds on anonymous White House official • This Is a Constitutional Crisis • We're Watching an Antidemocratic Coup Unfold • Congressional Republicans Are the Real Authors of the Anonymous Op-Ed • Trump attacks 'gutless' NYT op-ed: 'This is what I have to deal with' • Who wrote the anti-Trump op-ed? That’s the million-dollar question • Trump's nightmare: "The snakes are everywhere" • Senior Trump official pens anonymous op-ed claiming there's a resistance movement within the administration • Trump blasts "gutless" staffer who criticized him in NYT op-ed • Trump Staff’s Resistance Can’t Avert a Crisis. It Is One •Trump suggests bombshell New York Times op-ed criticizing his presidency amounts to 'treason' • People are obsessing over this one word in the explosive NYT op-ed written by an anonymous Trump official — and they think it might be a clue about who wrote it • Pence's office denies he wrote anonymous NYT op-ed • The anonymous senior Trump administration official who took to The New York Times says there were 'whispers' about the 25th Amendment in the Cabinet • Reveal yourselves, Trump administration resisters • Trump calls on NYT to turn over anonymous op-ed author • Trump rips searing Times op-ed from unnamed senior official • Drudge labels official in anonymous NYT op-ed a White House 'saboteur'
(DBN)

'Don't touch me again, man': Sen. Marco Rubio faces off against InfoWars conspiracy monger Alex Jones in hallway heckle spat • Watch: Alex Jones and Marco Rubio nearly come to blows in the Senate hallway
(DBN)

Prosecutors say 'family values' Rep. Duncan Hunter (who blamed his wife for campaign cash misuse) spent campaign funds on mistresses
(DBN)

Obama is about to jump back into campaign mode
(DBN)

White extremist groups are growing
(DBN)

Voters in places with higher death rates were more likely to swing Republican in 2016, a new study found — here's why
(DBN)

Cruz: Beto Praises US Flag Burning (Not) • Cruz FactCheck: Beto O’Rourke said he’s grateful that people are burning or desecrating the American flag.
(DBN)

Roy Moore sues Sasha Baron Cohen, Showtime and CBS
(DBN)

The “First Man” American flag controversy is one giant leap for ignorance
(DBN)

Surprise! Trump’s Disruptive Foreign Policy Could Be Working
(DBN)

Mattis to Spicer: ‘I’ve killed people for a living. If you call me again, I’m going to send you to Afghanistan’
(DBN)

Poll: Americans don't trust tech to stop election meddling
(DBN)

Attorney general candidate leaves trail of debt, feuds with ex-clients, lenders
(DBN)

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Debt Collection:

Silicon Valley Wants to Use Algorithms for Debt Collection
(DBN)

Planning Commercial Collection Litigation: A Primer
(DBN)

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Musical Instruments:

Gibson asks court to throw out $60M in claims
(DBN)

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Religion:

When boy told of abuse, his parents asked the priest who r---- him to counsel him
(DBN)

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Economy:

The American dream is even harder to achieve than we thought
(DBN)

White House says wages are growing faster than 'traditional measures' indicate
(DBN)

Fed GDPNow latest forecast: 4.4 percent — September 5, 2018
(DBN)

US trade deficit jumps by the most in 3 years • Trade Deficit increased to $50.1 Billion in July • U.S. trade deficit soars nearly 10% on record imports • Canada's trade surplus with U.S. widens to most since 2008 • U.S. trade gap widens for second straight month • Trade War Update: China To Suffer Greater Loss Of Income Than U.S. • China's potential weapons against US tariffs could backfire on its growth — here's why • Investment in U.S. Real Estate By China Slows • US Steel Workers Seek Payout From Trade War as Prices Rise • Trade War : Tariffs Threaten 665 New York Industries • Trade War : Tariffs Threaten 283 Missouri Industries • It's D-Day: Thursday marks probably the most important moment yet in Trump's trade war with China • Inside American Companies Reeling From Trump’s Trade War • Trade War's Next Salvo to Hit U.S. Shoppers Harder Than Chinese
(DBN)

Trump team, Canada resume talks to revamp NAFTA • Canada needs Chapter 19 because Trump 'doesn't always follow the rules': Trudeau • NAFTA Renegotiation: Agreement in Principle Between the United States and Mexico • Trump says we have to make a fair trade deal with Canada • Canada to stick to guns at NAFTA talks despite Trump pressure • Trump freezing Canada out in NAFTA negotiations is 'straight from the Art of the Deal' • NAFTA talks restart as Trump, congressional clock boost pressure • A 'tariffed steel' curtain between Canada and the U.S.? Let's hope not • Trump's Disdain For Facts May Sink NAFTA • Could dairy market access be the ‘bargaining chip’ Canada needs to lock in new NAFTA deal? • Canada braves Trump's threats and insults in hopes of closing NAFTA deal • U.S. should know over 'next 2 or 3 days' about Canada's NAFTA fate: Trump • Trudeau digs in on core issues as NAFTA talks restart • What May Up Sinking NAFTA
(DBN)

Billionaire Warren Buffett on helping the poor: 'A rich family does not leave people behind'
(DBN)

Trump says he doesn't want a shutdown before midterms as Congress scrambles to fund the government • Trump Backs Off on a Government Shutdown – Sort of, Maybe • Trump on shutdown: 'If it happens, it happens' • In quick reversal, Trump threatens shutdown over border wall
(DBN)

Sanders rolls out ‘Bezos Act’ that would tax companies for welfare their employees receive • What The Bernie Sanders Amazon Welfare Fight Is Really About
(DBN)

Debt is swelling among Americans over age 75
(DBN)

Hong Kong topples New York as world's richest city
(DBN)

Will there be a new financial crisis? Emerging markets spiral into turmoil
(DBN)

Here Are The 15 American Small Towns That Are Home To The Most Millionaires • World’s Ultra-Wealthy Population, in One Chart
(DBN)

Warren Buffett Explains the 2008 Financial Crisis
(DBN)

Doubts shadow GOP push for tax cuts 2.0
(DBN)

Young and Rich: 45 Americans Under Age 26 Earned $10 Million or More
(DBN)

U.S. Hunger Is at Lowest in a Decade
(DBN)

Millennials reveal the top 100 brands they love
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

MBA: Mortgage Applications Decreased Slightly in Latest Weekly Survey
(DBN)

Hines affiliate files for bankruptcy protection • Hines’ multifamily construction affiliate files for Chapter 11 bankruptcy
(DBN)

It's better to rent than to buy in today's housing market
(DBN)

Weekly mortgage applications are stuck in a rut as rates rise
(DBN)

San Francisco's Millennium Tower is leaning, sinking and now cracking
(DBN)

TX: 11 Downtown buildings on auction list in proposed Abraham bankruptcy mediation deal
(DBN)

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Municipalities:

Eleventh Circuit Holds That Equitable Mootness Is Alive in Chapter 9
(DBN)

Detroit's Finance Chief, a Key Player in Bankruptcy Saga, Is Leaving City Staff • Detroit's high-paid CFO John Hill announces his departure
(DBN)

PR: The key is to implement the reforms
(DBN)

Tranque between the AAA and bondholders
(DBN)

FEMA Deployed Thousands of Underqualified Staffers to Respond to Disasters in 2017
(DBN)

Mayor's exit from race puts Chicago's fiscal future in flux
(DBN)

AZ: Lawmakers Slashed Education Funding • 17 countries where teachers can earn the highest starting salary
(DBN)

Poisoning the water: 2 new books assess Flint's crisis
(DBN)

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Oil/Gas:

Seadrill says needs bankruptcy court to address interest payments
(DBN)

Oil and gas executives aren't really getting paid for their skills — they're getting paid for luck
(DBN)

100 million barrels a day — This time the oil boom really is different
(DBN)

Shale Won’t Trigger The Next Financial Crisis
(DBN)

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Autos:

Gateway Buick GMC creditor wants to begin foreclosure
(DBN)

Here’s another headache for beaten-up auto stocks
(DBN)

Annual Vehicle Sales: On Pace to decline in 2018 • U.S. Light Vehicle Sales at 16.7 million annual rate in August
(DBN)

Goldman Sachs Punishes Elon Musk For Getting Its Hopes Up • Tesla bond hits record low, stock slips as investor worry deepens
(DBN)

American Tire Debt Plan Includes Possible Bankruptcy
(DBN)

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Travel:

Emirates jumbo jet quarantined at New York's JFK with 'multiple' sick passengers • Passengers on quarantined jet appear to have the flu • A Plane Quarantine in New York Started Out Like a Sci-Fi Nightmare
(DBN)

American Airlines President: 'We Love All Our Hubs,' But We Will Focus On Three Of Them
(DBN)

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Climate:

Category 3 Hurricane Florence rapidly strengthens and may threaten East Coast next week
(DBN)

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Nuclear:

Nuclear Plant Closures Bring Economic Pain to Cities and Towns
(DBN)

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Magazines:

How Interview Magazine Came Back From the Dead
(DBN)

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Tech:

Facebook exodus: Nearly half of young users have deleted the app from their phone in the last year
(DBN)

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Personal Finance:

Try these creative strategies for lowering your debt-to-income ratio
(DBN)

These are the jobs that will improve your dating life
(DBN)

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Mass Torts:

ACC moves to dismiss Bestwall’s bankruptcy case, calling it ‘little more than a bad-faith litigation’
(DBN)

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Gambling:

Visas for Dollars: Backers of Failed Vegas Casino May Lose Both
(DBN)

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Lehman:

Lehman insider: why the bank could and should have been saved
(DBN)

Lagarde Says World Finance Not Safe Enough 10 Years After Lehman
(DBN)

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Advisors:

Michael E. Foreman joins Borrelli Walsh as Managing Director and Head of the New York Office
(DBN)

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Aviation:

Nordam Could Emerge From Bankruptcy This Year
(DBN)

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Electricity:

FirstEnergy transfers contracts to Exelon Generation Company
(DBN)

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New Bankruptcy Opinions
(7 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (16 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (4 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:

The share of bankruptcy filers who are older than 65 is the highest it's ever been
(DBN)

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Bankruptcy Alternatives:

Better than Bankruptcy?
(DBN)

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Indenture Trustees:

Southeastern Grocers Addresses “Hot-Button Issue”
(DBN)

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Bankruptcy Fees:

Increase in bankruptcy fees is making such a protection an unaffordable option for struggling businesses
(DBN)

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Avoidance Actions:

A Matter of Preference: Court of Appeals for the Eleventh Circuit Holds That the Bankruptcy Code Does Not Require New Value to Remain Unpaid for a Creditor to Avail Itself of the Defense
(DBN)

Mere Conduit
(DBN)

Check Clearing and Voidable Preference Law Under the Bankruptcy Code
(DBN)

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Preclusion:

Who Gets to Keep the Money: Sometimes Procedural Arguments Can Matter as Much as Substantive Arguments
(DBN)

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Leases:

A Lease by Any Other Name Would Not Smell as Sweet: Fifth Circuit Denies “True Lease” Status to a “Sale” of Software
(DBN)

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Third Party Release:

Nuts and Bolts of Evaluating Third- Party Releases in Chapter 11 Plans
(DBN)

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Cryptocurrency:

Cryptocurrencies plunge amid report Goldman is putting crypto venture on hold • Cryptocurrency markets suffer a sudden and severe faceplant
(DBN)

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Retailing:

Bon-Ton plans return from bankruptcy • Indiana company will attempt to revive Bon-Ton Stores
(DBN)

Bankruptcy watchdog objects to Brookstone's stalking-horse deal
(DBN)

Amazon orders 20,000 Mercedes vans for delivery
(DBN)

Three Ways For J.C. Penney To Play What Could Be Its Last Hands
(DBN)

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Entertainment:

Open Road Files Chapter 11 Bankruptcy • Donald Tang’s Global Road Files for Bankruptcy After Just 1 Year in Business • Global Road Files for Bankruptcy • List of Creditors • Petition/Top Creditors • First Day Dec
(DBN)

Stanley Brooks Unexpectedly Files for 'Private' Bankruptcy • AFTRA counters Stanley Brooks' final offer
(DBN)

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Fishing:

Nordic Aquafarms ‘full steam ahead’ despite bankruptcy filing of RAS supplier
(DBN)

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Gambling:

6 Reasons Why Deutsche Bank Is Bullish On Post-Bankruptcy Caesars Entertainment
(DBN)

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Student Debt:

3 Ways Trump May Change Student Loans
(DBN)

Low-income college students can fall into 'bad hole' with loans
(DBN)

Student Debt Isn’t Just a ‘Young Person Problem’: EBRI
(DBN)

Why Student Loans Swamp Millennials: Job Pay Hasn’t Kept Up With School Costs
(DBN)

An unforeseen retirement obstacle: A grandchild’s college loans
(DBN)

Why Does Student Loan Debt Keep Rising?
(DBN)

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Healthcare:

Who Gets the Blame for High Health-Care Costs • Blame Emergency Rooms for the Out-of-Control Cost of Health Care
(DBN)

These Are the World’s Laziest Nations
(DBN)

Is Obamacare Constitutional? The Battle Begins Again • Texas lawsuit throws the ACA's future into uncertainty • Why Protections for Pre-Existing Conditions Are Such a Potent Political Issue
(DBN)

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UK:

Brexit negotiators may put off key trade decisions to reach deal • Brexit costs UK more than 2% of GDP • Germany and U.K. Drop Key Brexit Ask, Easing Path to Deal • UK: May in Emergency Meeting w/ Parliament • Mervyn King Blasts Incompetent Brexit Prep • Brexit’s Like a ‘Building on Fire’ and Buyout Firms Are Circling
(DBN)

UK economy faltering according to credit managers
(DBN)

The scores of debt-ridden Brummies going bankrupt in their twenties
(DBN)

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EU:

Europe Seeks Alternative to Dollar as Reserve Currency
(DBN)

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PIIGS:

Italy's new spending plans could have big repercussions for the market
(DBN)

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Canada:

A 25% auto tariff from Donald Trump could send Ontario into recession: economists
(DBN)

Toys 'R' Us Canada exec on how it survived parent's bankruptcy
(DBN)

Albertans fret over debt as consumer insolvency rate spikes 14%
(DBN)

Spike in bankruptcy claims linked to post-graduation life
(DBN)

Creditors fighting over assets of Great Slave Helicopters
(DBN)

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India:

Firestar Diamond Bankruptcy Trustee Announces Auction of Inventory and IP
(DBN)

Mountain of false claims tests bankruptcy process
(DBN)

India's Currency is Plummeting
(DBN)

Landmark India ruling ends gay ban
(DBN)

Debt-ridden farmer tries to self-immolate
(DBN)

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Argentina:

Argentina to Go Deeper Into Recession, Central Bank Survey Says • Argentina is running out of tools to lift its plunging currency
(DBN)

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New Zealand:

Bankruptcies fall, but No Asset Procedures are on the rise • Latest figures show sharp rise in the number of under-25s in this country declaring bankruptcy
(DBN)

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MENA:

Fears rise, diapers vanish: Iran currency crash causes chaos
(DBN)

Abraaj Fund Unit That Managed $14 Billion Gets $1 Bid
(DBN)

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Latin America:

U.S. compares Nicaragua to Syria, warns of potential regional crisis
(DBN)

To understand Venezuela's future, look to the bond market, not politics
(DBN)

Conoco waiting for Venezuela to pay US$2 billion settlement: CEO
(DBN)

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