September 7, 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

Format For Mobile Device



Law:

Latham Picks Up Another O'Melveny Bankruptcy Partner in New York
(DBN)

Allen & Overy finally reveals partnership pay gap stats
(DBN)

Kevin Heverin Joins V&E's Restructuring Practice in London
(DBN)

Bankruptcy Attorney Sanctioned for Sloppy, Improper Billing
(DBN)

Latham Among Those Left Hanging in Film Studio's Bankruptcy
(DBN)

Race and gender bias is rampant in law, says new report that also offers tools to fight it ABA Study Reveals Gender, Racial Bias in Legal Profession
(DBN)

White Men Have Leg Up In Legal Industry, Attorneys Say
(DBN)

Blank Rome Welcomes New Chief Innovation and Value Officer
(DBN)

Innovation Is A Red Herring Without Cultural Change
(DBN)

Why You Should Absolutely Not Freak Out If You Strike Out At Law School On-Campus Interviews
(DBN)

All Associates Report To Bible Study Class Now — Or Get Fired!
(DBN)

Can licensed legal paraprofessionals narrow the access-to-justice gap?
(DBN)

Trump won’t answer Mueller’s questions about obstruction, Giuliani says Giuliani tells AP Trump won't answer Mueller's obstruction questions, then backtracks Mueller hardens stance on Trump interview in Russia probe, Giuliani says Giuliani says Trump team 'close' on deal for written questions, doesn't rule out Mueller sit-down: report Trump should testify before Mueller on national TV Mueller Offered a ‘Formula’ for Trump Interview, Giuliani Says Giuliani says deal near for written questions from Mueller His value to Mueller probe less clear, Papadopoulos faces the judge Mueller’s Office Will Grill Him About Roger Stone. He Will Respond With Comedy What’s Still On Mueller’s To-Do List?
(DBN)

Grand Jury to Investigate Andrew McCabe
(DBN)

Trump allies propose nationalizing Facebook, Google data
(DBN)

U.S. weighs indefinitely detaining migrant families The Trump administration wants to effectively end a decades-old policy that bars long-term detention for migrant children when families are arrested Proposed federal rule would bypass settlement on the rights of unaccompanied immigrant minors Deportations up 9 percent in 2018; still below Obama peak years Trump admin rejected report showing refugees did not pose major security threat
(DBN)

Hotels are arming workers with panic buttons to combat harassment Victoria’s Secret runway show is out of step with the #MeToo movement and it’s hurting business Asia Argento’s Confusing Call for #MeToo ‘Phase Two’
(DBN)

Cincinnati shooting: 4 dead including the shooter, multiple injured
(DBN)

Controversial Yale Law School Professor Hospitalized, Out For The Semester
(DBN)

DLA Piper investigates partner over trainee BJ boast
(DBN)

Resigning lawyer lifts lid on harassment at US firm
(DBN)

I grew up in a gun-loving town in Alabama. But only after I was shot did I begin to understand America’s complicated relationship with guns
(DBN)

NFL's Kendricks pleads guilty to insider trading after swapping cash and tickets for stock tips
(DBN)

Oops, Lawyer accidentally pees on plumber in office
(DBN)

Lawyer That Went On Anti-Asian Rant Just Loves Talking About Race
(DBN)

______________

Judges:

Senate confirms Lafayette bankruptcy judge Robert Summerhays to federal district judgeship Lafayette lands Louisiana's newest federal judge New federal judge confirmed for Louisiana's Western District
(DBN)

What Exactly Does Kamala Harris Have On Brett Kavanaugh? Harris' Mysterious Kasowtiz Question Unlike Other Nominees, Kavanaugh Hesitates About Cameras in Supreme Court Judge Brett Kavanaugh Might Be Game For Cameras In The Courtroom Trump lawyer Kasowitz denies claims that Kavanaugh spoke with the firm about Mueller probe Brett Kavanaugh dodged questions about recusing himself from Supreme Court cases on the Russia investigation Kavanaugh stumbles when grilled on whether he discussed Mueller probe 'Bring it': Cory Booker says he's releasing a confidential document on Kavanaugh, risking expulsion from the Senate Cornyn Floats Ousting Booker from Senate Cory Booker's dramatic document dump during Kavanaugh's hearing wasn't as defiant as it seemed Leaked Kavanaugh Documents Discuss Abortion and Affirmative Action Some "confidential" Kavanaugh documents were cleared before Booker's release Read the Kavanaugh emails released by Cory Booker Pat Leahy confronts Brett Kavanaugh: ‘I was born at night, but not last night’ Live blog of confirmation hearings, Day 3: Kavanaugh won’t say whether president’s character matters 3 Key Differences Between Brett Kavanaugh And Marcus Licinius Crassus Kavanaugh Hearings: 200 Protesters Arrested Democratic Frustration Over the Supreme Court Finally Boils Over Kavanaugh Hearings: What's Wrong Here? New Emails Reveal Kavanaugh As Opinionated Bush Lawyer Kavanaugh Should Have Known About Emails Kavanaugh Defends Bush Record, Presidential Power Comments Kavanaugh looks polished, set for confirmation despite protests, outcry Kavanaugh, Unlike Gorsuch, Stays Mum on Trump's Attacks on Federal Judges
(DBN)

Convicted felon on Cook County bench announces she won’t seek retention in November
(DBN)

‘I HATE BLACK PEOPLE’ Says Ginni Thomas’s Assistant (Yes, Clarence’s Wife)
(DBN)

Young Lawyers Dish About What They Really Think About The Supreme Court
(DBN)

Utah Courts Begin Unique ODR Pilot for Small Claims Cases
(DBN)

Senate Confirms 8 Trump District Court Nominees
(DBN)

______________

Wall Street:

US futures pull back ahead of jobs report
(DBN)

Nasdaq falls for a third day as Amazon, Apple and chip stocks get hit
(DBN)

______________

Layoffs:

Ford Job Cuts in the Near Future?
(DBN)

______________

Compensation:

CBS board offering CEO Moonves $100 million in stock as exit package: Sources
(DBN)

______________

Politics:

Mike Pence's office denies he wrote 'lodestar' Trump resistance op-ed for The New York Times Senior Trump Officials Deny Writing Critical Piece All the Trump officials who have publicly denied writing the anonymous New York Times op-ed Anonymous op-ed in the NYT parallels the darkest days of the Nixon years, historians say Lawmakers react to 'palace intrigue' surrounding Trump official's anonymous New York Times op-ed Melania: The NYT op-ed is "cowardly" & "sabotaging" Republicans are enraged by the 'resistance' New York Times op-ed — but not about what it said Meadows claims Democrats want investigation of anonymous NYT op-ed White House Searches For Anonymous Inside Critic Read the letter Gary Cohn allegedly stole from Trump's desk Insubordination of Trump Isn't Treason Why Trump‘s potential constitutional crisis isn’t rattling stock-market investors Trump downplays NYT op-ed, says the White House is running like a well-oiled machine Rand Paul: Lie-detector tests justified to find leakers
(DBN)

A new poll suggests that Nike's reputation is taking a beating over its Colin Kaepernick ad Steve Young: The NFL is botching its protest response Nike's Colin Kaepernick ads created $163.5 million in buzz since it began — and it's not all bad Nike to air TV ad featuring Colin Kaepernick during NFL season opener
(DBN)

A bombshell report on Alphabet employee political donations could light a fire under Trump's war on Google
(DBN)

Trump to his supporters at Montana rally: If I get impeached, 'it's your fault' A guy standing behind Trump at a campaign rally in Montana stole the show for several minutes before he was moved off camera
(DBN)

Progressives target 20 vulnerable Republicans on health care
(DBN)

The battle for the House will be fought among the college-educated
(DBN)

The midterms are a referendum on the Trump economy – but the GOP can't count on a strong verdict
(DBN)

Sen. Warren says legislators should invoke 25th amendment on Trump
(DBN)

Beto vs. Ted: Now It's a Toss Up
(DBN)

Alex Jones, Infowars permanently banned from Twitter after new violations
(DBN)

The US would be in a bigger mess under Clinton than it is under Trump, historian Niall Ferguson says
(DBN)

______________

Retailing:

Trends in Major Retail Liquidations: Potential Unintended Consequences
(DBN)

Whole Foods employees said to be trying to unionize under Amazon ownership
(DBN)

These 21 major retailers are worth less than Amazon… combined
(DBN)

______________

Musical Instruments:

Gibson Drops New Guitars — and Its CEO — Amid Financial Mess
(DBN)

______________

Personal Finance:

Let's get honest about our money problems
(DBN)

Older job seekers should watch out for these age discrimination red flags
(DBN)

A Single Mom Looks for a Way to Start Saving
(DBN)

You’re probably going to need a lot more than you think to retire
(DBN)

______________

Pharma:

Tennessee Blues to stop covering OxyContin
(DBN)

______________

Magazines:

Just Like That, Interview Magazine Is Back
(DBN)

______________


Economy:

Private payroll growth tails off but job market still 'incredibly dynamic': ADP and Moody's
(DBN)

US jobless claims fall to near 49-year low
(DBN)

Blistering economy seen generating 200,000 jobs in August, lowering unemployment rate
(DBN)

The shrinking of America’s middle class has finally ground to a halt
(DBN)

ISM non-manufacturing PMI at 58.5 in Aug; factory orders drop 0.8% in July Service sector boomed in August, while factory orders fell more than expected in July
(DBN)

China warns it will retaliate if US slaps on new tariffs America's small businesses warn of widespread layoffs if Trump doesn't back down from his trade war with China Tech stock sell-off could be just beginning if trade war with China worsens President Trump hints to WSJ that trade fight with Japan could be next It looks like Trump has found the next big target in his trade war — Japan Japan has become the 'obvious target' for Trump's next trade salvo US-China trade could see 'two more years of serious tension,' says economist
(DBN)

The contours of a new NAFTA are emerging
(DBN)

Goldman: August Payrolls Preview August Employment Preview
(DBN)

Joe Biden's former top economist thinks Bernie Sanders' bill attacking Amazon and Jeff Bezos 'may backfire'
(DBN)

A simple chart shows what some economists consider to be the 'most striking development' in 40 years of the US economy
(DBN)

“The sentiment towards the whole emerging-market spectrum is very fragile” Will there be a new financial crisis? Emerging markets spiral into turmoil
(DBN)

Retirement and 529 education accounts would be expanded under GOP tax plan '2.0' The Real Price Tag for Tax Cuts 2.0
(DBN)

House Republicans plan vote on $638 billion tax-cut extension House GOP's second phase of tax reform aims to make individual cuts permanent
(DBN)

Gen Z Is Coming to Your Office. Get Ready to Adapt
(DBN)

These countries come out ahead of the US when it comes to retirement
(DBN)

Teacher Shortages Worsening in Majority of States
(DBN)

President Trump's repeated claim : 'The greatest economy in our history'
(DBN)

The World Has Not Learned from Meltdown
(DBN)

Why Warren Buffett Said No to Lehman and AIG in 2008
(DBN)

The number of female multi-millionaires surged 31% last year
(DBN)

Trump FactCheck: "We’re making (Medicare) stronger. We’re making Social Security stronger."
(DBN)

Here’s where the world’s 129,730 ‘ultra-wealthy’ elite call home
(DBN)

Five surprising outcomes of the 2008 financial crisis
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

A decade after housing crash, Fannie Mae and Freddie Mac are Uncle Sam's cash cows
(DBN)

KS: JoCo man bought a bank upon ‘revelation from God.’ Now $30M in debt, he’s bankrupt
(DBN)

11th Circuit Upholds Punitive Damages for Wrongful Foreclosure
(DBN)

The New Mortgage Kings: They're Not Banks
(DBN)

The regulator, the whistleblower and the CEO: Key housing players reflect on the financial crisis 10 years later
(DBN)

Las Vegas Real Estate in August: Sales Down 3% YoY, Inventory up 20% YoY
(DBN)

The 16 cities where Americans struggle the most to pay rent
(DBN)

Jury says developer broke pledge to build affordable housing
(DBN)

____________

Municipalities:

Puerto Rico government plans to cut Medicaid to help balance budget
(DBN)

Fiscal board announces deadline to receive questions for public debt hearing
(DBN)

Credit Rating Agencies Ignored Signs of Deteriorating Gov’t Conditions
(DBN)

Puerto Rico group says further inquiry on public debt needed
(DBN)

What 'Adult Entertainment,' Puerto Rico And Chapter 9 Bankruptcy Have In Common
(DBN)

North Las Vegas Rebounds From Near Insolvent to Investment Grade
(DBN)

______________

Food/Beverage:

Celeb Chef Mike Isabella's business files for Chapter 11 bankruptcy Mike Isabella’s Company Files for Chapter 11 Bankruptcy Mike Isabella's Restaurant Group Files For Bankruptcy
(DBN)

Ruby’s Diner operator files for bankruptcy protection, seeks partnership with mall developer Ruby’s Diner files for bankruptcy, enters deal with mall developer
(DBN)

Roscoe's House Of Chicken And Waffles Emerges From Bankruptcy
(DBN)

______________

Religion:

NY, NJ attorneys general to investigate Catholic church dioceses' handling of abuse All NY Catholic dioceses subpoenaed in abuse probe NY Attorney General subpoenas every Catholic diocese in the state N.Y. Attorney General Is Investigating Potential Cover Up of Abuse in Catholic Dioceses
(DBN)

LA: AG Claims No Authority on Catholic Abuse
(DBN)

Rebel priest takes on church hierarchy over abuse
(DBN)

Argentina: Raid at school for deaf in clerical abuse probe
(DBN)

Catholicism has lost more of its faithful than any other religion in the U.S.
(DBN)

______________

Gambling:

Failed Lucky Dragon Casino to Be Sold at September 10 Auction amid Investor Unrest
(DBN)

______________

Awards:

Jay Westbrook To Receive Lawrence P. King Award for Excellence in Bankruptcy
(DBN)

______________

Banking:

Justice Department probing Wells Fargo's wholesale banking unit Wells Fargo shares fall after DOJ reportedly examines potential fraud in business banking
(DBN)

Banks turn to espressos, dancing robots to help keep U.S. branches alive
(DBN)

______________

Celebs:

Celebrity chef Mike Isabella declares bankruptcy in wake of harassment lawsuit We pored through all 9 Isabella Ch. 11 filings. This is what we found.
(DBN)

‘Gilligan’s Island’ star shares a cautionary financial tale
(DBN)

Burt Reynolds was very open about his serious money problems — but the iconic actor also said he wished he spent more The Absolutely Insane 1996 Bankruptcy Of Burt Reynolds
(DBN)

______________

Healthcare:

California health system's bankruptcy challenged by employee union
(DBN)

Coalinga hospital filing for bankruptcy – employees owed $250K in vacation, sick time
(DBN)

Verity Health's Deep-Pocketed Savior Failed. Here's Why.
(DBN)

Understanding the “Failing” and “Flailing” Firm Defenses to a Hospital Merger
(DBN)

New Family Pharmacy owner says daily operations will remain intact after bankruptcy sale
(DBN)

Red States Press Court to Kill Obamacare
(DBN)

Why the U.S. faces a growing risk of epidemics
(DBN)

The Loneliness Effect
(DBN)

______________

Climate:

Colorado River Drought: Coming Water Crisis
(DBN)

California takes financial wallop from unrelenting wildfires
(DBN)

______________

Furniture:

Another analyst sees Matt Firm bankruptcy in 'near term'
(DBN)

______________

Auto Racing:

How One F1 Team Lost $315 Million In A Decade
(DBN)

Furniture Row Racing’s demise is a fate others know too well
(DBN)

______________

Electricity:

Coal closings may undermine FirstEnergy’s attempt to shift plant to bankrupt subsidiary
(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 (21 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)

______________

Bankruptcy Statistics:

Busy August for Chapter 11 Cases
(DBN)

______________

Interest:

MS BK Courts Raise Presumptive Till Rate In Ch. 13 Cases
(DBN)

______________

Trustees:

U.S. Trustee Announces Appointment of New Chapter 13 Trustee for Seattle
(DBN)

______________

Legal Research:

Kirkland: "We're better than Google, and up all night"
(DBN)

______________

Litigation:

A 10-Minute Primer on Litigation Finance
(DBN)

Fishing in the Waters of Bankruptcy Rule 2004
(DBN)

______________

Involuntary Bankruptcy:

Second Circuit Ruling Rejects Involuntary Bankruptcy Cases When Used for Debt Collection
(DBN)

______________

Corporate Governance:

Ten Years After Crash, Litigation Continues – Directors of Bankrupt Holding Company not Liable to Trustee
(DBN)

______________

Insurance:

J. Christopher Flowers Sued for Role in Sale of Firm That Crashed Weeks Later
(DBN)

______________

Plan Confirmation:

Delaware District Court Affirms Confirmation Order Approving Horizontal Gift Providing Disparate Treatment to Separate Classes of General Unsecured Claims
(DBN)

______________

Avoidance Actions:

A State-Sanctioned Fraudulent Transfer?
(DBN)

______________

Autos:

Tesla drives contractor into bankruptcy, Trustee says
(DBN)

Short seller Andrew Left sues Tesla and Elon Musk, claiming stock manipulation Tesla's junk bonds sink to their lowest level yet Elon Musk appears to smoke marijuana during an interview Elon Musk was filmed smoking weed just weeks after saying marijuana kills productivity Elon Musk says The Boring Company 'started out as a joke,' and there's a good chance his LA tunnel project will fail Survey: Tesla S Comes in Last for Reliability Elon Musk Hires Ex-SEC Attorney Tesla Is Out Of Crown Jewels To Pawn
(DBN)

Are Drivers Ditching Their Cars for Uber?
(DBN)

How Ford is Handing Its Restructuring
(DBN)

______________

Travel:

CDC Investigating After Multiple Passengers Fall Ill On Separate International Flights Coming Into Philadelphia International Airport
(DBN)

Southwest passengers in Texas possibly exposed to measles
(DBN)

'What do you mean I have to pee in a bag?'
(DBN)

______________

Education:

Harvard tops WSJ/THE College Rankings
(DBN)

______________

Student Debt:

How the Great Recession turned America’s student-loan problem into a $1.5 trillion crisis
(DBN)

How to get your student loans forgiven
(DBN)

Congress is set to vote on more mandatory financial counseling to help curb student loan defaults
(DBN)

______________

Maritime:

Stranded Indian Ship 'Malaviya Twenty' Bankrupt, Put Up For Sale
(DBN)

Alam Maritim to see debt repayment extension
(DBN)

Murmansk Denies Bankruptcy
(DBN)

______________

Fraud:

The Bloody Saga That Made Theranos Finally Call It Quits
(DBN)

Madoff Victims' Legal 'Savior' Accused of Conflicts in Lawsuit
(DBN)

______________

Entertainment:

'Spotlight' Studio Open Road Hits Ch. 11 In Del. With Sale Plan ‘Tiger & Bunny’ Live-Action Film In Jeopardy Following Studio Bankruptcy
(DBN)

______________

UK:

As Austerity Helps Bankrupt an English County, Even Conservatives Mutiny
(DBN)

Why economic fears are now scaring Leave voters away from Brexit
(DBN)

Debt agents target overseas rate debtors
(DBN)

Plymouth is one of the bankruptcy capitals of the UK
(DBN)

FCA chair puts accountants on notice over financial firms’ audits
(DBN)

More details revealed on gin festival operator insolvency
(DBN)Insolvency and Corporate Governance: Government Response
(DBN)

______________

EU:

How to Solve the EU's Migration Crisis
(DBN)

______________

PIIGS:

Italy’s League in financial trouble after court ruling - Cash and assets worth €49M to be seized following a fraud investigation Italy’s League party faces bankruptcy over fraud Italy's League party faces bankruptcy over embezzlement
(DBN)

An Italian exit from the EU 'could require the biggest bank recapitalization ever,' strategist warns
(DBN)

______________

Canada:

Bank of Canada discussed raising interest rates faster
(DBN)

______________

MENA:

Trump says withholding money from Palestinians could force peace deal
(DBN)

______________

South Korea:

Hedge fund Elliott calls for fresh revamp at Hyundai Motor Group
(DBN)

______________

Brazil:

Brazil’s front-running presidential candidate Jair Bolsonaro stabbed, badly wounded Stabbed by 'socialist' attacker who said he was acting on 'a mission from God'
(DBN)

______________

India:

12 stressed power projects en route to NCLT as buyers pull out of talks
(DBN)

______________

Mozambique:

Mozambique's risk rating reflects losses incurred by creditors
(DBN)

______________

Argentina:

A PGA Golf Course Is Stuck Between Creditors and the Argentine Crisis
(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 $65/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 phone or text us at 281-402-3957. You can email us 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