October 15, 2018

The Daily Bankruptcy News

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Law:

The Law School With The Highest Paid Recent Graduates
(DBN)

Kirkland & Ellis’s Lateral Partner Pickups Are Pure Fire
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Abusive, Sexist Partners In Biglaw: Better Just Endure It!
(DBN)

Ex-Polsinelli Partners’ Cannabis Company Sells for Record High
(DBN)

T14 Law Student’s Death After Accepting Biglaw Offer Ruled An Accident
(DBN)

A Bright Spot for Women Fighting Gender Equity Gap at Law Firms
(DBN)

Champagne Remark May Cost Lawyer $289 Million Bayer Award
(DBN)

New Biglaw Partner Class Is Pretty Encouraging
(DBN)

One Big Law Attorney’s Journey with Depression, One Firm’s Response to the Profession’s Problem
(DBN)

Atlanta Lawyer Convicted of Fraud for Taking $26M From His Firm • Hardwick Convicted on All Counts
(DBN)

Top Canadian Law Firm Names A New Leader
(DBN)

Do You Want To Be Happy … Or Perfect?
(DBN)

Law school at University of Puerto Rico out of compliance with academic support standard
(DBN)

ABA Legal Ed rejects Arizona Summit’s proposed teach-out plan
(DBN)

Florida lawyer who uses ‘Ever Argued With a Woman?’ slogan sues law firm for alleged infringement
(DBN)

What happens to Mueller’s investigation if Jeff Sessions is fired or quits? • Trump likely to tap DOJ veteran Pat Cipollone to replace Don McGahn as White House counsel as he takes a more combative approach toward Mueller • Three reasons Mueller may not charge Trump with obstruction
(DBN)

A group is taking Harvard to court over accusations of racial bias • High-Powered Legal Factions Gear Up for Harvard Admissions Trial • Unease sweeping the halls of Harvard on eve of race-based admissions suit • Students for Fair Admissions v. Harvard explained • Harvard and the Myth of the Interchangeable Asian • Elite-College Admissions Are Broken • Suit alleging Harvard's admissions bias heads to trial
(DBN)

Bodies of 11 infants found in ceiling of closed funeral home
(DBN)

The Trump administration reportedly wants to try family separation again • Trump defends migrant family separation policy at U.S.-Mexico border • Government separated immigrant family, asked 5-year-old to sign away hearing rights • Trump's Wall Inflames Rio Grande Residents
(DBN)

The only lawyer in town: a lonesome figure stands up for immigrants
(DBN)

Men Claim Victimhood in #MeToo Era • A Sexual-Assault Accusation in New Jersey Exposes a National Dilemma
(DBN)

A white woman called the police on a black child she wrongly accused of sexual assault. After being confronted with video footage, she apologized.
(DBN)

Man Finds Dead Neighbor, Takes Card for Pizza
(DBN)

Better Call Saul is nearing its end game
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Judges:

U.S. Bankruptcy Court offices in Tallahassee and Pensacola will reopen Monday, October 15
(DBN)

Meet Donald Trump's Latest Batch of Judges
(DBN)

Report urges merit selection of state supreme court justices, with ‘one and done’ lengthy terms
(DBN)

West Virginia’s top court bars impeachment trial of chief justice on constitutional grounds • West Virginia's Supreme Court Fiasco • W.Va. Ex-Justice Who Took Famous Desk Guilty Of Fraud
(DBN)

Judge criticizes lawyer’s champagne argument as she considers trimming $289M verdict
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Senators Spar Over ABA Rating as Trump Nominee Advances
(DBN)

91% Of Judges Fear For Courts' Independence, Survey Shows
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Wall Street:

Global stock market sell-off resumes as Saudi sanction fears push oil higher • US futures point to a triple-digit fall as sell-off resumes; Netflix and Goldman drop in premarket
(DBN)

Dow bounces back 287 points Friday, but still loses 4% on the week
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Tapes Expose Goldman's Seedy Underbelly
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U.S. Stocks Have Been an Anomaly in Global Markets. Not Anymore.
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Layoffs:

Millions of Californians’ jobs could be affected by automation — a scenario the next governor has to address
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Politics:

A 'Kavanaugh bump' is boosting GOP Senate candidates. But Trump is a different story
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That Painting of Trump Having a Diet Coke With Abraham Lincoln Is Now Hanging in the White House
(DBN)

The takeaways from Trump's "60 Minutes" interview • Trump on 60 Minutes: 5 Takeaways
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Trump says he is 'comfortable' as president despite political battles
(DBN)

Donald Trump Defends Medicare, a Socialist Program, from the Threat of Socialism
(DBN)

Jared Kushner 'likely' paid little or no income taxes for years • How Jared Kushner Avoided Paying Taxes • Jared Kushner used paper losses to minimize his taxes, report says • We need to talk about Jared Kushner's accomplishments (or almost complete lack thereof) • The creative accounting that reportedly allowed Jared Kushner to dodge paying income taxes for years is totally legal
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Elizabeth Warren building nationwide network ahead of potential 2020 bid
(DBN)

How the liberal wish list could bite Democrats
(DBN)

Karen Pence Campaigns for Anti-Gay Candidate
(DBN)

Kavanaugh fight a GOP wake up call, but more is needed
(DBN)

Melania Trump finally gave an explanation for her “I don’t really care. Do U?” jacket
(DBN)

Turkey releases US Pastor Andrew Brunson in a big win for Trump • “Who did you vote for”: Trump’s welcome-home question for the US pastor released by Turkey • Trump thanks Turkey for pastor's release, but denies cutting deal with Ankara
(DBN)

Trump Praises Robert E. Lee at Ohio Rally • NBC News Issues Correction Over Trump’s Robert E. Lee Comments • Robert E. Lee Descendent Rebukes Trump
(DBN)

Bloody Brawls at Patriot March in Portland
(DBN)

Trump says Mattis is 'sort of a Democrat' and that the defense secretary 'may leave' the administration • Losing Mattis would be costly for Trump
(DBN)

'SNL' spoofs Kanye West's bizarre Oval Office meeting with Trump
(DBN)

GOP's grip on the Senate tightens even as Democrats threaten to take the House
(DBN)

Kanye Becomes an Automotive Advisor
(DBN)

Iowa Paper: GOP Congressman courts 'Neo-Nazis'
(DBN)

GOP doubles down on the culture war ahead of the midterms, accusing Democrats of 'mob' tactics
(DBN)

Is Trump on a Collision Course With Impeachment?
(DBN)

Trump says he 'trusts' Kim Jong Un and has 'good chemistry' with him
(DBN)

Romney denies he led 'never Trump' movement, says president's policies 'pretty effective'
(DBN)

All Black High School Takes a Knee
(DBN)

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Climate:

Hurricane Michael aftermath: Thousands join recovery efforts as many residents remain missing • Rescuers search for the missing among the rubble in Florida Panhandle • 18 people are dead from Hurricane Michael. That number will only rise • ‘We Need Answers’: Hurricane Michael Leaves Florida Residents Desperate for Aid • Photos: what Hurricane Michael’s destruction looks like on the ground • Hurricane Survivors: No Food, No FEMA. Thanks a Lot • Tyndall Air Force Base a Complete Loss • ‘You Just Realize It’s All Gone’: Hurricane Michael’s Heavy Toll • As Hurricane Michael damages the Southeast, Puerto Rico provides lessons on resilient power • For those without much, Hurricane Michael creates hardship • Hurricane Michael flattened towns where survivors remain in disbelief • ‘Old Florida’ building codes no match for monster storms
(DBN)

US National Guard chief: “The climate is changing. I don’t know why” • Trump Economic Adviser Questions Climate Change Report • Trump: Climate Change Isn't a Hoax, But May 'Change Back'
(DBN)

We asked insurance workers where they'd live in the US to avoid future natural disasters — here's what they said
(DBN)

The cost of climate change
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Corporate Reform:

Pentagon, others baffled by CFPB plan to cease military lending exams
(DBN)

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Economy:

Cramer says the Fed could cause a 2019 slowdown with its aggressive rate hike agenda • Billionaire Tilman Fertitta: The Fed hasn't gone crazy yet
(DBN)

Kevin O'Leary: The American economy is 'on fire'
(DBN)

40% of Middle Class Will Retire in Poverty
(DBN)

Forget the Wall Street carnage: To gauge the economy, look at how much Americans eat out
(DBN)

Q3 GDP Forecasts • New York Fed Staff Nowcast stands at 2.2% for 2018:Q3 and 2.8% for 2018:Q4
(DBN)

Top 3% of U.S. Taxpayers Paid Majority of Income Taxes in 2016
(DBN)

The Myth of America's Wage Stagnation
(DBN)

Strong economy has a downside for Main Street: Fewer workers means higher wages
(DBN)

End of the Dollar's Rule as Global Currency?
(DBN)

Consumer sentiment falls shy of expectations, but confidence in economic policy is at a 15-year high
(DBN)

Tariffs Hit Those Trump Wants to Help: U.S. Factories • U.S. Warns China on Weakening Currency as Trade Relations Worsen • U.S. Edges Toward New Cold-War Era With China • U.S. Acts Against China Over Currency And Spying • Chinese official finds Trump 'very confusing'; says US warships at China's doorstep building tension • Fed hikes and Trump's trade war have cash flying out of emerging markets • China's central bank still has plenty of tools to counter detrimental trade war effect: Governor • Ford's China Sales Fall 43% • Harley-Davidson: Trade Wars And Debt Take Their Toll • Meet the U.S. farmers who love Trump’s China trade war • Trump’s tariffs against China are hurting U.S. tech companies instead • There's 'no winner' in a trade war, warns IMF deputy managing director • China Vows to Respond to Trade War They Didn't Want
(DBN)

Mexico: US Trade Deal Won't Block Others
(DBN)

Mnuchin Spins a False Tale on Tax Cuts • Even Wealthy Aren't Impressed with Tax Cuts
(DBN)

Why 'Bond King' Gundlach thinks yields could test 4%, and push borrowing costs higher
(DBN)

Democrats unfazed by Trump, GOP leaders' shutdown threats over border wall
(DBN)

Why Amazon's minimum wage hike was 'inevitable', and how others may soon follow in its footsteps
(DBN)

Jamie Dimon sounds warning about 'geopolitical issues bursting all over the place'
(DBN)

A 'geopolitical recession' has arrived and the US-led world order is ending, Ian Bremmer says
(DBN)

The one way that corporate income is falling
(DBN)

Seeds of next global financial crisis being sown, top officials warn
(DBN)

Central Bankers Feel the Heat from Populists
(DBN)

US Debt Clock
(DBN)

World Debt Clock
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How People Really Live
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Real Estate:

Sacramento Housing in September: Sales Down 15.5% YoY, Active Inventory up 23% YoY
(DBN)

Thousands line up for zero-down-payment, subprime mortgages
(DBN)

Developer of dormant Wade Park files for bankruptcy protection in Nashville project
(DBN)

Housing Inventory Tracking
(DBN)

Florida Panhandle's Commercial Real Estate Market May Face Lengthy Recovery
(DBN)

TX: Abraham properties going at bankruptcy auction
(DBN)

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Municipalities:

Muni Lowdown
(DBN)

The Candidates For Governor Agree On At Least One Thing: The Hartford Bailout Was Bad Policy
(DBN)

Hedge Funds to Profit From Puerto Rico Debt Restructuring
(DBN)

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Oil/Gas:

Louisiana energy co. files for bankruptcy in Houston
(DBN)

Oil Rigs Increase Sharply
(DBN)

Oil prices climb amid Saudi tensions, but demand outlook drags
(DBN)

$20 Oil: Welcome to Canada
(DBN)

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Ethanol:

Trump Ethanol Plan: Hype Now, Courts Later
(DBN)

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Celebs:

The ridiculous amount of money baby-boomer rockers still make on tour
(DBN)

Teresa Giudice Breaks Silence on Joe's Deportation with Photo of the Statue of Liberty Crying
(DBN)

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Healthcare:

A Texas firm's bankruptcy could hurt care in 21 Ky. nursing homes • Kansas takes over 21 financially insolvent nursing homes
(DBN)

Financial issues force closure of hospital in Pauls Valley • Pauls Valley hospital closes; 'no other path forward'
(DBN)

Indiana hospital files for bankruptcy, scales back services • Fayette Regional Hospital will remain open during bankruptcy reorganization • Hospital files for reorganization
(DBN)

Gilmore sale approaches with NMHS as bidder; Amory advocate calls for local group to enter bidding
(DBN)

22 latest hospital bankruptcies, closures
(DBN)

The average sticker price for U.S. childbirth: $32,093
(DBN)

Democrats are embracing a radical change to US healthcare, and it could be the defining political fight for years to come
(DBN)

Here are some of the biggest arguments against Bernie Sanders' 'Medicare for All' plan, which is gaining popularity among Democrats
(DBN)

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Autos:

Over $1 billion in upcoming debt payments are putting a huge amount of pressure on Tesla's Q3 results — here's what experts have to say about the company's make-or-break moment • Tesla’s sales in the U.S. are gaining on BMW and other luxury car makers
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Religion:

The Catholic Church's grim history of ignoring priest abuse — and silencing would-be whistleblowers
(DBN)

Catholic Dioceses in Bankruptcy
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Travel:

I tried the cult-favorite Trtl travel pillow to see if it's worth the hype — and I don't know how I ever flew without it
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Student Debt:

DeVos Drops Delay of Obama Loan Forgiveness
(DBN)

More on PSLF fail
(DBN)

Popular Job Perk: Helping To Pay Off Student Loan Debt
(DBN)

Chapter 5 Officially Begins in Department of ED Private Debt Collection Saga
(DBN)

Public Service Loan Forgiveness Is Looking Pretty Bleak, But Maybe You Don’t Need To Worry
(DBN)

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Construction:

Navillus Receives Approval to Exit Bankruptcy
(DBN)

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Distressed Investing:

Junk Bond Losses Could Be Painful
(DBN)

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Fraud:

Banks’ Exposure to the Enron Fraud Lives — Seventeen Years Later
(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
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Recent Ch. 11 Filings (71 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (26 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:

September Total Bankruptcy Filings 2008-18 • September Commercial Bankruptcy Filings 2008-18 •
(DBN)September Commercial Chapter 11 Filings 2008-18

Nice People More Likely To Go Bankrupt, Study Finds
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YTD Bankruptcy Filings Deep Dive
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Automatic Stay:

Employer’s Bankruptcy Can’t Stop EEOC Case, Texas Judge Says
(DBN)

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Claim Trading:

Do You Have a Trade? Recent Decision Highlights Need for Clarity in Trading Bankruptcy Claims
(DBN)

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Retailing:

Sears, Once America’s Biggest Store, Collapses Into Bankruptcy • Petition • The embattled Sears CEO is forking up his own money in bankruptcy rescue attempt • The Story of Eddie Lambert's Failed Sears Plan • Sears files for bankruptcy • Sears Files for Bankruptcy, Mired in Debt and Deserted by Shoppers • Sears files for Chapter 11 bankruptcy in attempt to keep stores open for now • Sears files for bankruptcy protection as it buckles under debt • How Sears Went From Gilded-Age Boom to Modern-Day Bust • Sears, Once an Icon of American Retail, Has Filed for Bankruptcy • Sears files for bankruptcy protection; Eddie Lampert steps down as CEO • Sears, Drowning In Red Ink, Finally Files For Chapter 11 Bankruptcy • Whirlpool Corporation Statement on Sears Bankruptcy Filing • A Chicago story: How Sears could have avoided bankruptcy • Sears Becomes the Latest Retail Giant to File for Bankruptcy, Suffering From Massive Debt • Sears Files for Chapter 11 Bankruptcy After It Can't Afford to Pay $134 Million Debt, Will Close Nearly 200 Stores • Sears Files Just as Things Are Looking Up for American Retail • Sears through the years: from watch seller to tower builder • Sears, once the largest retailer in the world, is closing hundreds of stores and reportedly planning to file for bankruptcy. Here's how it got there • Sears is closing another 142 stores. Here's a map of the locations it has left • Profiting Off a Sears Bankruptcy Not So Simple for Rivals • Edward Lampert’s Non-Strategy to Save Sears • Sears CEO steps in for bankruptcy financing - sources • Sears' habit of liquidating outside bankruptcy is making it harder to save itself now • Saving Sears From Potential Bankruptcy Should Have Started Six Years Ago • Years of sears 'death watch' will save its suppliers millions • Throughout Sears' long struggle, some vendors learned early to reduce their exposure • Sears Set to File for Bankruptcy, With Its Survival in Question • Beaten by Amazon and Walmart, Sears faces the end after 125 years • Sears aims to close up to 150 stores in bankruptcy: sources • A Sears Bankruptcy Could Be a Win for Some Landlords • Four Strategic Mistakes Distanced Sears From Customers And Employees • Sears, closing in on bankruptcy, nears deal for financing to stay alive until Christmas • Hundreds of Sears stores could soon close — here's what might replace them • Sears Holdings Nears Financing Deal, Reports Say • How Sears killed itself, explained in one number • Sears' Nearly Complete Journey to Bankruptcy Was Just Plain Weird • As Sears totters on the edge of bankruptcy, talks are reportedly underway to save part of the chain • J.C. Penney: The Anticipated Effect Of Sears's Potential Closure • Morgan Stanley: A Sears Bankruptcy Could Benefit J.C. Penney What’s Bad for Sears Could Be Bad for L Brands, Too • Sears Prepares For Its Final Act • Did Amazon Kill Sears? Only a Little • Sell on Sears marketplace in danger as Sears files for bankruptcy • What You Need to Know as Sears Slides Toward a Bankruptcy Filing • Sears, nearing possible bankruptcy, is sued by suburban school district over millions in diverted taxes • Why Sears Could Never Last, and What Other Brands Can Learn From the Iconic Retailer’s Demise • How Sears Lost Its Mojo • ‘Thank You, Sears, for Being There When No One Else Was’
(DBN)

Steinhoff Updates On Progress Of Financial Restructuring • Steinhoff reassures investors it has made ‘substantial progress’ with creditors
(DBN)

Why Retailers Worry About Weather, Tariffs, Sears Bankruptcy And Other Events
(DBN)

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Personal Finance:

Kevin O'Leary, Barbara Corcoran and other CEOs share 8 splurges that are worth the price
(DBN)

$1 Million May Not be Enough to Retire
(DBN)

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Hotels:

Stalled Palm Beach hotel set for bankruptcy auction, billionaire Ross’ firm bids
(DBN)

Hotels: Occupancy Rate Declined Slightly Year-over-year
(DBN)

Palm Beach Condo-Hotel Tied to $40 Million EB-5 Fraud Heads to Auction
(DBN)

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Coal:

Large West Virginia coal mine with 400 workers closing • Pinnacle Mine employees are angry and frustrated
(DBN)

Westmoreland Coal roundtable talks search for a buyer, secured lender control of case
(DBN)

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Cryptocurrency:

Dr. Doom Ignites A Bitcoin Firestorm
(DBN)

Bitcoin Has Leapt Sharply Higher -- Here's Why
(DBN)

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UK:

This court case could hand Theresa May the power to stop Brexit • Revealed: Secret Brexit Plan to Appease DUP • The Coming Brexit Clash • No Brexit deal after surprise Brussels talks • Brexit Deal Hangs in the Balance With Monday Deadline in Doubt • Brexit talks in crisis over Irish border ahead of crunch summit • Theresa May's Brexit deal is hanging by a thread as Conservative MPs plot to install David Davis as PM
(DBN)

UK firms could soon have to reveal their ethnicity pay gap
(DBN)

Katie Price still has bailiffs coming to her house every week for unpaid debts and orders family to ignore them
(DBN)

Woman Who Spent $21M On Jewelry, Wine Slapped With UK's New "Unexplained Wealth Orders" • She Spent $16m In Harrods. Now She Must Explain Where The Money Came From
(DBN)

Brits Are All Making the Same Joke About the New Royal Baby
(DBN)

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PIIGS:

Draghi to Rome: Don't expect an ECB rescue if budget talks fail
(DBN)

Italian Government Wants to Own 15% of Bankrupt Flag Carrier Alitalia – Is This a Very Bad Idea?
(DBN)

Ratings downgrades and snap elections: Here's what could happen next as Italy's debt crisis mounts
(DBN)

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MENA:

Saudi Arabia market tanks up to 7% as the kingdom rejects Trump's threats of punishment over Jamal Khashoggi disappearance • Trump Jr. retweets unsubstantiated claim on missing Saudi journalist • Saudi Arabia Defiant Amid Pressure • Trump vows “severe punishment” if Saudis killed Jamal Khashoggi • How Much Damage Can Saudis Do to the Global Economy? • Saudi Retaliation? Oil Could Hit $200 • Saudi King orders public prosecutor to open an internal investigation into Khashoggi case • Saudi Arabia threatens response to "any action" over Jamal Khashoggi • All the companies that have cut ties with Saudi Arabia over Khashoggi’s disappearance • Trump's Business Ties to Saudis Run Long and Deep • Saudi Arabia rejects Trump's threats of punishment over Khashoggi row as its market tanks 6.8% • IMF's Christine Lagarde says she's still attending Saudi event despite 'horrifying things' reported • Crown prince's silence on journalist Khashoggi's disappearance could derail the Saudi reform agenda • Saudi Arabia is taunting Trump • The Tragedy of Jamal Khashoggi • Saudi crown prince's carefully managed rise hides dark side • Saudis ‘reject’ threat of U.S. sanctions over Khashoggi disappearance, vowing ‘greater action’ in retaliation • Why pressure on Saudi Arabia could 'escalate quickly', and bring pain for everyone else • JP Morgan's Jamie Dimon pulls out of Saudi conference • US Treasury Sec Mnuchin still plans to attend Saudi summit as Sen Rubio calls for boycott • Blackstone's Steve Schwarzman bails on Saudi finance conference • Individuals and businesses are distancing themselves from Saudi Arabia following the disappearance of journalist Jamal Khashoggi • Reality bites Saudi Crown Prince Mohammed bin Salman • The case of the missing Saudi journalist is creating major worries around the oil market • Saudi Arabia's currency falls to its weakest level against the dollar since June 2017 • Al Arabiya op-ed warns of oil spike and 'economic disaster' if US sanctions Saudi Arabia
(DBN)

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India:

Boeing concerned about debt-ridden Jet Airways, says official
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NCLAT stays insolvency proceedings against cash-strapped IL&FS
(DBN)

The great battle for Indian steel
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Argentina:

Argentina Corporate Outlook
(DBN)

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France:

Elite French college that produces presidents faces bankruptcy
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Barbados:

Barbados government wins support of creditors for debt restructuring • Government wins the support of the island’s creditors for debt restructuring plan
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