April 1, 2019

The Daily Bankruptcy News

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Law:

MoFo Revamps Its Partnership: The Number Of Equity Partners Drop 25 Percent As The Firm's Nonequity Ranks Soar
(DBN)

1L Class Represents At Harvard Law School — And It’s Picture Perfect
(DBN)

Got A ‘Big Mess’? It’s This Lawyer’s Job To Help You Clean It Up
(DBN)

Former U.S. Trustee Trial Attorney Brya Keilson Joins Morris James
(DBN)

Jim Obergefell Speaks At Law School And Fed Soc Entirely Predictably Loses Its Mind
(DBN)

NCAA’s Latest March Madness? Winston & Strawn’s Bills.
(DBN)

Georgia Bar Examinees Falsely Told They Failed Can’t Get Damages
(DBN)

Former CEO of Pa. Legal Plan Provider to Plead Guilty to $30M Fraud
(DBN)

Stress Free Practice: 12 Tips To Help You Get There
(DBN)

Just Because A Law School Has Small Classes Doesn’t Mean You Should Go There
(DBN)

Four Principles for the Trustworthy Adoption of AI in Legal Systems
(DBN)

Corporate Distress and Its Derivatives
(DBN)

Barr plans to release redacted Mueller report by mid-April; will Trump get privilege review? Congress May Not Get Full Mueller Report Questions Linger on What Mueller’s Report Contains Fox News' Chris Wallace Sets Record Straight on Russia Probe: 'This Is Going to Drive Some of Our Viewers Nuts' Mueller's Report is a Warning How Mueller Crushed the GOP’s ‘Dump Trump’ Crowd This Post-Mueller World Will Be Very Good for Trump SNL cold open roasts the Mueller report roll out 'I intend to fight': Battle brewing over Mueller inquiry evidence Mueller findings have little impact on views of Trump: Poll The Aftermath of the Mueller Report The Media and the Mueller Report’s March Surprise Inside the Dark Heart of the Mueller Report The Mueller Bait and Switch
(DBN)

House Asks Why Russia-Linked Austrian Bank Funded Trump
(DBN)

Meet Trump's Least Favorite Lawyers Defending CNN, BuzzFeed's Dossier and Media Rights
(DBN)

Kellyanne Conway bristles at 'really inappropriate question' about BigLaw husband on Fox News
(DBN)

Jeff Bezos' security consultant accuses the Saudi government of hacking Amazon CEO's phone, linking them to extortion attempt Behind on Jeff Bezos' beef with the National Enquirer? Here's the complete timeline of the feud to catch you up
(DBN)

Clerical error could send man back to prison after 13 years of freedom
(DBN)

Migrants Overwhelming Texas Towns Mexico Braces for Next Caravan of Migrants Spring Brings Surge of Migrants, Stretching Border Facilities Far Beyond Capacity Trump Threatens to Close Border Mexico says it won't react to Trump threats over border Lou Dobbs to Trump: Fire DHS Secretary Kirstjen Nielsen or ‘Millions of Americans’ Will Die US reportedly cutting off aid to El Salvador, Guatemala, and Honduras after Trump claims countries 'set up' migrant caravans White House Doubles Down on Threat to Close Border Trump wants to dramatically seal off the US-Mexico border, but White House officials reportedly think it's a terrible idea that wouldn't work Border row pitches Mexican president into deep water with Trump
(DBN)

Chris Rock Calls Out Jussie Smollett
(DBN)

Is Nike Still in Trouble After Avenatti Arrest? Avenatti vs. Nike: The Showdown That Ensnared a Celebrity Lawyer Michael Avenatti’s Biggest Case Yet: His Own
(DBN)

Did Michael Avenatti Stiff Beauty Vlogger Michelle Phan?
(DBN)

Avenatti Faces Embezzlement Charges in LA After shocking NY arrest, Avenatti faces court in California
(DBN)

Sandy Hook Denier Alex Jones Must Face Defamation Suit Alex Jones blames “psychosis” for his Sandy Hook conspiracies Alex Jones: I'm Straight Up Mentally Ill
(DBN)

SCOTUS blocks execution of man denied Buddhist adviser; decision was different in Muslim case
(DBN)

Trump Intervenes in Navy SEAL Murder Case The Fox News connection behind Trump's Eddie Gallagher tweet
(DBN)

Student who mistook suspected killer's car for Uber was trapped by child locks
(DBN)

Police release body-cam video of Willie McCoy killing, showing him asleep in car
(DBN)

High-capacity gun magazines will remain legal in California, thanks to a federal judge who cited home-invasion robberies in which 2 women needed extra bullets
(DBN)

This is how cyber-thieves rob banks and easily get away with it
(DBN)

Sheriff willing to go to jail rather than enforce gun-seizing law
(DBN)

Thought It Was Her Uber Ride: Arrest Made
(DBN)

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Judges:

Proposed lactation-room legislation should cover all courthouses, ABA president urges
(DBN)

Arguing Before SCOTUS: An Advocate’s Perspective
(DBN)

Trump is reportedly 'saving' a seat on the Supreme Court for conservative Amy Barrett in place of Ruth Bader Ginsburg
(DBN)

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Wall Street:

U.S. stock futures climb on upbeat China data, indicating bullish start to new quarter
(DBN)

Global stocks bounce after China manufacturing data smashed expectations
(DBN)

US stocks close higher. Major indices end the month with modest gains
(DBN)

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Layoffs:

Greenville firm to lay off 318
(DBN)

GM Brushed Off Union Concessions Before Idling Ohio Car Plant
(DBN)

Ford to lay off over 1000 workers at Flat Rock assembly plant
(DBN)

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Politics:

Welcome To The #Resistance, Biglaw!
(DBN)

Donald Trump critics misunderstand the use of bankruptcy provisions
(DBN)

Mulvaney defends Trump campaign's conduct: 'The issue is not whether it's ethical'
(DBN)

Barbara Bush on Donald Trump
(DBN)

Joe Biden accuser Lucy Flores recounted her story in detail in her first TV interview Democrats strike the same chord on new allegation of inappropriate behavior against Joe Biden: 'I believe Lucy Flores' Joe Biden responds to allegation of 'awkward' kiss and inappropriate touching: 'not once — never — did I believe I acted inappropriately' Stephanie Carter: Image of Biden's embrace "misleadingly extracted" Obama SecDef Wife: It Was NOT #MeToo Moment Lucy Flores isn’t alone Joe Biden’s Campaign-in-Waiting Isn’t Ready for #MeToo Accusations Joe Biden’s past behavior with women raises questions about his candidacy Elizabeth Warren says Joe Biden 'needs to answer' for inappropriate touching allegations
(DBN)

We asked more than 1,800 young people what they think is the biggest issue facing America, and the most popular answer was Trump
(DBN)

Colorful Moments from Trump's Rally
(DBN)

GOP's Brightest Female Star Dogged by Trump
(DBN)

'That's unacceptable': Alexandria Ocasio-Cortez stops person who insulted Republican
(DBN)

Alexandria Ocasio-Cortez slams Democratic Party leaders for 'blackballing' candidates who want to challenge sitting Democrats MAGA Rally: Forget Hillary, Now It's AOC Alexandria Ocasio-Cortez slams critics for ‘privileged’ attitude on climate change
(DBN)

Fox News hosts apologize for chyron calling El Salvador, Guatemala, and Honduras '3 Mexican Countries' Fox Got It Wrong With ‘3 Mexican Countries,’ But It Also Got It Right
(DBN)

Judge Blocks Trump From Opening Oceans for Oil Drilling
(DBN)

'SNL's' Donald Trump celebrates the Mueller report summary: 'Daddy won!'
(DBN)

Arab League to Oppose US on Golan Heights
(DBN)

Trump EPA appointees want more air pollution
(DBN)

Elizabeth Warren and Amy Klobuchar both agree on breaking up 'Big Agriculture' monopolies Democratic Candidates Woo Farm Belt Voters by Taking Aim at Agriculture Firms
(DBN)

2020 presidential election: Pete Buttigieg has raised $7 million
(DBN)

2020 Democrats in mad dash for donors to make debate stage
(DBN)

Trump is tremendous when it comes to cheating at golf, new book says
(DBN)

Los Angeles Residents are Flocking to Dallas
(DBN)

Treaty End: US, Russia Will Make More Nukes
(DBN)

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Travel:

Flights across the US are delayed after a major IT outage hit at least 5 airlines
(DBN)

8 insider secrets to landing a comfortable seat on the airplane
(DBN)

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Resins:

Hexion Files In DE - First Day Dec Petition
(DBN)

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Education:

A market-based solution to fixing college admissions and student debt
(DBN)

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Personal Finance:

Suze Orman wants you to stop ‘peeing $1 million down the drain’
(DBN)

The No. 1 thing people with fat savings accounts scrimp on that you likely don’t
(DBN)

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Taxis:

With drivers fuming over low pay, LA mayor takes heat for celebrating with Lyft
(DBN)

Reality is Coming for Uber and Lyft
(DBN)

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Festivals:

Music festival compared to Fyre after shuttle bus fiasco
(DBN)

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Economy:

Fed Pick: Contempt of Court for Not Paying Child Support or Alimony Trump's Stephen Moore Might Bring A New Perspective To Fed
(DBN)

Q1 GDP Forecasts: Mid 1% Range
(DBN)

What If Zero Interest Rates Are New Norm?
(DBN)

Global recession fears are overblown, even as growth will stay ‘sluggish’ in 2019: PNC
(DBN)

This is the real reason why the U.S. economy isn’t in recession danger now
(DBN)

The U.S. Economy: Still strong, or weakening?
(DBN)

A big increase in hiring in March would help soothe all the heartburn over the economy
(DBN)

Personal Income Increased 0.2% in February
(DBN)

Trump’s latest comments about the border indicate he doesn’t understand how trade works 2019 Is The Year Farmers Will Feel The Pain From Trump's Trade Wars Feuding auto industry unites to oppose Trump’s import tariffs The big divide among 2020 Democrats over trade — and why it matters NAFTA 2.0 Facing Bipartisan Roadblock China’s factory activity unexpectedly grows in March, a private survey shows China trade optimism boosts European markets
(DBN)

Alexandria Ocasio-Cortez is a fan of a geeky economic theory called MMT: Here's a plain-English guide to what it is and why it's interesting
(DBN)

The Federal Government Gave Up on Retirement Security
(DBN)

Taxpayers Are Very Confused
(DBN)

White House official: Trump doesn’t want a spending deal
(DBN)

Best and Worst States for Retirement
(DBN)

Bill Maher says socialism should be rebranded as 'capitalism plus,' pointing to world happiness statistics
(DBN)

13 percent of the world’s companies are ‘zombies.’ That’s not healthy
(DBN)

Thousands of US bridges are ‘structurally deficient,’ industry group says
(DBN)

This was the world’s most profitable company in 2018
(DBN)

Amount of global debt yielding less than 0% approaching $10 trillion
(DBN)

The ‘paycheck fairness’ bill would ban companies from asking about salary history
(DBN)

A CEO Who is Scared for America
(DBN)

Politics Aside, Tax Cut Could Have Paid for 6,500 Miles of Wall
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

New Home Sales increased to 667,000 Annual Rate in February A Few Comments on February New Home Sales
(DBN)

Median-priced homes are out of reach for the average Joe in most markets Average Americana Can't Afford Homes in 70% of the Country
(DBN)

Mortgage rates plunge at the fastest pace in a decade as growth fears resurface
(DBN)

The lawyers who took on Big Tobacco are aiming at Realtors and their 6% fee
(DBN)

Facebook ad algorithms made housing bias worse, HUD lawsuit says
(DBN)

If You’ve Got An Idea To Solve This Fannie-Freddie Mess, Please Tell Larry Kudlow Fannie-Freddie reform could rewrite a familiar Washington script
(DBN)

Apartment Vacancy Rate unchanged in Q1 at 4.8%
(DBN)

Disappearing developer strands Youngsville homeowners in failed subdivision
(DBN)

Percentage of CMBS Loans in Special Servicing Drops
(DBN)

The best U.S. cities to raise a family
(DBN)

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Municipalities:

The Woman Fixing Puerto Rico’s Finances Knows Not to Waste a Crisis
(DBN)

ABA legal ed section finds Puerto Rico law school back in compliance with accreditation standard
(DBN)

Congestion Pricing Approved For NYC; $11.50 Fee To Enter Midtown
(DBN)

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Oil/Gas:

Decoding the Petroleum Marketing Practices Act (PMPA) as It Pertains to Bankruptcy
(DBN)

Southcross Energy Parent Files for Bankruptcy Southcross Energy Commences Chapter 11 Reorganization with $255 Million in Committed Financing Petition
(DBN)

Vanguard Natural Resources, Inc. Files for Chapter 11 Protection First Day Dec Petition
(DBN)

Saudis to Ignore Trump's Oil Demands Expect Higher Oil Prices As OPEC Clashes With Trump
(DBN)

50% of New Cars Will be Electric by 2030
(DBN)

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Banking:

March 2019: Unofficial Problem Bank list declined to 72 Institutions, Q1 2019 Transition Matrix
(DBN)

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Retailing:

Deal or no deal, Sears‘ challenges will boost Macy‘s, J.C. Penney and Dillard‘s business
(DBN)

Sears cutting life insurance benefits for up to 90,000 retirees: report
(DBN)

17 Retailers at Risk of Defaulting or Going Bankrupt
(DBN)

Walmart is Quietly Closing Stores
(DBN)

The Struggling Fashion House Roberto Cavalli Closes Its US Stores Roberto Cavalli shuts all US stores amid bankruptcy woes
(DBN)

PetSmart May Need to Show Documents After Chewy Court Order
(DBN)

Dick’s Sporting Goods reports $150 million in lost sales after halting assault-weapons sales
(DBN)

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Aviation:

WOW Collapse: Airlines Offer Rescue Fares To Thousands Stranded
(DBN)

Wow Air Tailspin Threatens to Tank Iceland’s Economy
(DBN)

Famous Airlines That Have Failed
(DBN)

Boeing should be removed from FAA rule-making panel, Schumer says
(DBN)

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Religion:

Proposed deadline to file Guam clergy sex abuse claims is Aug. 15
(DBN)

The Battle for Rust Belt Catholicism
(DBN)

Pope defends decision to keep French cardinal after cover-up
(DBN)

Maryland gave abuse victims more time to sue and may've protected institutions
(DBN)

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Electricity:

PG&E delays announcing its candidates for board of directors amid rumor of bailout plan
(DBN)

Bankruptcy judge approves DIP loan for PG&E
(DBN)

‘California deserves better.’ Gavin Newsom rips PG&E plan that would ‘prioritize’ profits
(DBN)

PG&E, seeking new leadership, travels turbulent path
(DBN)

Who's responsible for California's deadliest and most destructive wildfire?
(DBN)

A Judge Wants to Control PG&E’s Dividends Until It Reduces Risk of Fires
(DBN)

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Fashion:

Struggling fashion group Roberto Cavalli to seek deal with creditors
(DBN)

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Pharma:

Purdue Pharma's settlement with Oklahoma sets new precedent
(DBN)

Purdue Pharma’s newly created subsidiaries raise questions over attempts to shield assets from bankruptcy
(DBN)

Lawmakers ‘extremely concerned’ by Hunter’s opioid settlement
(DBN)

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Mass Torts:

Cyprus Wants Automatic Stay in Imerys Talc Bankruptcy Proceedings
(DBN)

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Tech:

Facebook crumbles around its lonely king
(DBN)

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Farming:

More than 1 million acres of U.S. cropland ravaged by floods ‘Breaches Everywhere’: Midwest Levees Burst, and Tough Questions Follow
(DBN)

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Paper Products:

Orchids Paper Products initiates proceedings under chapter 11 of U.S. Bankruptcy Code Petition
(DBN)

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Crypto:

Liquidators put the final nail in Gatecoin’s coffin
(DBN)

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Corporate Governance:

Consent to Jurisdiction Implied by Adoption of Forum Selection Bylaw
(DBN)

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Diamonds:

Antwerp’s Eurostar Enters Bankruptcy
(DBN)

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New Bankruptcy Opinions
(17 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (84 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (17 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:

Volatile Credits Review
(DBN)

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Litigation:

Litigation Funding Comes Of Age: Trends And Ethics
(DBN)

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Automatic Stay:

Bankruptcy Court Applies Automatic Stay to Continuation of Removed State-Court Action Against Debtor
(DBN)

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UST:

Alleged victims settled. Then why’s U.S. Trustee going after this Philly fin-tech boss?
(DBN)

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Plan Confirmation:

Fifth Circuit Holds that Chapter 11 Plan Does not “Impair” Claimants by Denying Make-Whole Rights and Contractual Interest
(DBN)

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Miscellaneous:

Rochelle
(DBN)

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Healthcare:

Bankruptcy court approves landlord Sabra’s settlement with embattled Senior Care Centers
(DBN)

Judge strikes down expansion of association health plans that does ‘end-run’ around health law
(DBN)

Sen. Collins tells Bill Barr DOJ should defend the ACA, not kill it Trump privately thinks ACA lawsuit will fail in court Trump's battle with Obamacare moves to courts The Trump Administration's embrace of an implausible legal theory has few defenders
(DBN)

Federal Judge Blocks Kentucky And Arkansas Medicaid Work Requirements
(DBN)

Mulvaney: No one will lose coverage without ACA
(DBN)

Oklahoma Bill Would Force Doctors to Lie to Patients by Telling Them That Abortions Can Be Reversed
(DBN)

The winning health care message will be about out of pocket costs
(DBN)

GOP tax law lifts health care industry
(DBN)

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Fraud:

March 2019 Ponzi Scheme Roundup
(DBN)

Admissions Scandal: Olivia Jade: 'Upset with' Mom Lori Loughlin
(DBN)

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Autos:

Jettisoned Chrysler dealers challenge U.S. in court
(DBN)

Takata air bags claim another life after Arizona crash
(DBN)

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Celebs:

Judge slaps broke Tori Spelling with bench warrant after no-show in court Bench Warrant Issued For Tori Spelling In Brutal Bank Lawsuit Case
(DBN)

When America's most famous actor went on trial for a San Francisco cop's murder, then filed bankruptcy
(DBN)

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Advertising:

Independent ad server, Sizmek, files for Chapter 11 Bankruptcy Sizmek Files for Bankruptcy, Owing Up to 5000 Creditors New Chapter 11 Filing - Sizmek Inc.
(DBN)

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Telecoms:

Uniti: Is A 10-Foot Pole Long Enough?
(DBN)

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Lehman:

The Lehman Curse
(DBN)

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Tax:

How Sovereign Citizens Helped Swindle $1 Billion From the Government They Disavow
(DBN)

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Climate:

Climate Change And The De-Industrial Revolution
(DBN)

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UK:

New Acts will make insolvency more modern and user-friendly
(DBN)

One of Brexit’s Rare Winners: Big British Law Firms
(DBN)

Theresa May has been warned that the Conservatives could be decimated in a general election to solve Brexit crisis Brexit Brief: May’s party on brink of civil war as Parliament mulls a softer EU deal Goldman: Odds Brexit is Scrapped Rises Pro-Brexit Protesters Flood London Streets Now May Wants a Fourth Vote on Brexit Deal U.K. property funds take £1bn Brexit hit in three months No easy options: what will May do if her Brexit deal goes down again? UK's May risks 'total collapse' of government in Brexit impasse: Sunday Times Brexit in Meltdown Brexit is Wrecking UK Business Reputation Theresa May is 'inevitably' heading for a soft Brexit as her Cabinet threatens walkout
(DBN)

U.S., U.K. regulators sign cooperation pact in case of Brexit
(DBN)

Why the Brexit 'Mess' Could Be an American Problem as Well
(DBN)

EasyJet blames Brexit for second-half warning
(DBN)

Debt-ridden couple sells their twins to separate families for a total of £14,000 to pay back money to loan sharks
(DBN)

How the college insolvency regime might reshape FE
(DBN)

KPMG: New U.K. guidelines could worsen pension fund deficits
(DBN)

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PIIGS:

Greece: Gov't mulling fresh handouts ahead of elections Athens faces strong reaction from creditors
(DBN)

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India:

Won't fly if substantial dues not paid by April 14, Jet Airways pilots tell management Jet Airways says it will clear pending salaries for December, but pilots unhappy
(DBN)

Nirav Modi, aides charged under US law used to nail mobsters
(DBN)

What's working and what's not in the bankruptcy resolution process
(DBN)

'Dues recovery is not aim of insolvency law'
(DBN)

Vijay Mallya to Bombay High Court: Confiscating properties draconian, will not help creditors
(DBN)

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MENA:

Joe Biden Slams Brunei’s ‘Appalling’ Stoning Law
(DBN)

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Croatia:

Croatia won’t back shipyard restructuring plan as bankruptcy looms
(DBN)

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Australia:

Australian Court Directs Receivers to Pay Priority Creditors of Company in Liquidation
(DBN)

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China:

China’s economy is slowing down. But smaller cities may offer glimpses of hope
(DBN)

China's Caixin manufacturing PMI rises in March
(DBN)

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Venezuela:

Venezuela blackouts: Maduro announces plan to ration electricity
(DBN)

Venezuelans set up burning barricades over lack of power, water
(DBN)

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South Africa:

Why restructuring South Africa’s power utility won’t end the blackouts
(DBN)

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Russia:

Rosneft subsidiaries’ ex-bankrupt trustee accused of embezzlement to stay jailed till July
(DBN)

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Mexico:

Illegal termination of a contract for the only reason of seeking the reorganization or restructuring of a company
(DBN)

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Singapore:

Restructuring does not stop any investigation into Hyflux: Sias chief
(DBN)

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South Korea:

Asiana Airlines releases self-rescue plans
(DBN)

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