April 19, 2019

The Daily Bankruptcy News

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Law:

Keeping Equity Tiers in Check, New York's Top Firms Record New Profit Highs
(DBN)

Women Describe Their Experiences in Big Law—and It's Not Pretty • Women Partners Share Disturbing Stories Of What It’s Really Like To Work In Biglaw
(DBN)

Jones Day Partner Tagged in Gender Bias Suit Exits Firm
(DBN)

Judge Puts an Early End to Morrison & Foerster's Sanction Request in Gender Bias Lawsuit
(DBN)

Freshfields restructuring partner on ‘indefinite leave’ ahead of disciplinary hearing
(DBN)

Just How ‘Uniform’ Is The Uniform Bar Exam?
(DBN)

Kim Kardashian proves haters wrong as she ‘aces’ torts exam
(DBN)

Western State Students, Alumni Rally To Hold Graduation Ceremony
(DBN)

All Linklaters staff can ask to work from home ‘without giving reason’
(DBN)

Milbank partner told team to provide '24/7/365 service' in 'Happy Easter' message
(DBN)

Blank Rome Adds New CMO, Joining Big Law Marketing Merry-Go-Round
(DBN)

Mueller says Trump was unsuccessful in obstructing justice — but mostly because his aides didn't follow his orders • Law Professors Tackle the Mueller Report on Twitter • The Legal Logic of the Mueller Report • White House counsel Don McGahn refused the president's order to publicly deny that Trump ordered him to fire Mueller • Mueller: Trump told his aides to interfere in the investigation, they just didn’t listen • Trump's obstruction salvation: Disobedient staff • Despite Mueller Report's Eye-Opening Evidence, Barr Made the Right Call on Obstruction • Mueller found Trump directed White House lawyer to take 'crazy' actions • Ex-White House lawyer Ty Cobb says Mueller could not have "done a more thorough job" • Don McGahn Said Trump Was 'Testing His Mettle' Over Possibly Firing Mueller • The other Don: McGahn is one of the Mueller report's biggest stars • What Trump did, and why Mueller didn't reach conclusions • Mueller Says ‘Some Evidence’ Suggests Trump Tried to Influence Manafort Jury • Mueller Left a Strong Hint on Obstruction • The Mueller report, explained • Top Takeaways From Mueller’s Report on Trump Probe • Trump broke down and cursed upon learning of the special counsel's appointment: 'This is terrible. This is the end of my Presidency.' • Here’s why special counsel Robert Mueller did not say whether Trump obstructed justice • Mueller Confirms: Don Jr. Was Too Stupid to Collude • House Judiciary Chair Jerrold Nadler calls special counsel Robert Mueller to testify by May 23 after Attorney General William Barr’s news conference • Here are the 11 instances of potential obstruction of justice by Trump outlined in the Mueller report • Ivanka Trump was at the infamous 2016 Trump Tower meeting, according to testimony • Everything We Learned About Jared and Ivanka in the Mueller Report • Mueller finds Kushner was a top target of Russian influence, but he mostly steered clear • Trump's inner circle celebrates the release of the Mueller report as a 'complete and total vindication' of the president • Mueller report: Trump, Flynn sought Clinton emails • What the Mueller report tells us about Trump and Russia • Mueller Outlines 3 Business Deals Trump Pursued In Russia • Jared Kushner Had Copy of Putin-Approved Plan • Sanders Admitted She Lied to Media About Comey Firing • 7 times the Mueller report caught Sean Spicer and Sarah Sanders lying to press • Imagine That: Sanders Admits to Lying • Mueller report says Trump campaign figures hindered the investigation when they ‘deleted relevant information' • Mueller’s Damning Portrait of Trump • Trump's written responses to Mueller's questions were evidently chock full of 'I don't remember' • Sean Hannity Knew About Trump Tower Meeting: Mueller • Here's what Trump and his associates said at the time. Now, read what the Mueller report tells us. • Trump calls the Mueller probe 'a hoax' in his first public comments since the release of the investigation's redacted report • Clapper: It Spells Out Passive Collusion • Watergate Officials on Mueller Report • Napolitano: Immoral, Repellent, Not Criminal • George Conway: Trump is a cancer on the presidency. Congress should remove him • George Conway, husband to White House adviser Kellyanne Conway, writes scathing op-ed calling for Trump's impeachment • The Mueller Report Should Shock Our Conscience • 12 Experts on Obstruction of Justice Claims • 14 Must-Read Moments From the Mueller Report • 3 winners and 3 losers from the Mueller report • The Surprises in the Mueller Report • Who Dropped The F-Bomb In The Mueller Report? • The Mueller Report Is an Impeachment Referral • Impeachment Expert: Not Enough Evidence in Mueller Report to Impeach Trump • Attorney General William Barr says Trump fully cooperated with Mueller investigation, but he didn't sit for an interview • President did not exert executive privilege, Barr says • Democratic House leader says impeaching Trump isn't 'worthwhile' after the Mueller report • Mueller report released to public contains nearly 1,000 redactions
(DBN)

Attorney General William Barr got defensive with reporters who accused him of being too ‘generous’ and protecting Trump • Even Chris Wallace Questioned Barr's Defense of Trump • How fairly did Barr's summary interpret Mueller's report? • Barr says Mueller probe undermined Trump’s presidency — no, Trump did that all by himself • Mueller report: The full context of the quotes in Bill Barr’s summary • Sorry, Mr. Barr—it is up to the public now • What Attorney General Barr said vs. what the Mueller report said • William Barr did this nation a great service. He shouldn't be attacked • Federal Judge Attacks Barr Over Creating Public Doubts Over Report
(DBN)

Mueller referred 14 criminal matters to other prosecutors, but only 2 of them are public so far
(DBN)

Former Attorney General Jeff Sessions carried around a resignation letter in his pocket for a year, according to Mueller's report
(DBN)

AG Discusses Interactions with White House, Executive Privilege
(DBN)

DOJ's Jody Hunt Had a Front-Row Seat When All the Things Were Happening
(DBN)

DOJ to Judges: Quit Releasing Migrants on Bail • Trump Loses Bid in Ninth Circuit to Block California's Immigration Laws • Trump's army: More than 300 asylum seekers surrender to armed militia of 'New Mexico residents, veterans and ex-cops', after crossing the US border
(DBN)

When the government persecutes you, then forbids you from talking about it
(DBN)

Report: Avenatti met R. Kelly prosecutor Foxx at O'Hare
(DBN)

Lawyer held in contempt for spending $390K in frozen funds spends 2 weekends per month in jail
(DBN)

Missing Harvard Law Professor Found By Police
(DBN)

Guns, Priests, and Drugs: New Targets for Old Consumer Laws
(DBN)

California couple who shackled children face life in prison
(DBN)

Third Man Beaten With Own Leg by Leg-Wielding Girlfriend
(DBN)

FBI’s Facial Recognition Programs Under Fire Over Privacy, Accuracy Concerns
(DBN)

Grand jury dismisses assault charge against Army sergeant in road rage case, police questioned why she (a black woman) was "doing in that part of town"
(DBN)

Law firm named for "best bathrooms" • And here's the worst
(DBN)

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Judges:

Bankruptcy Judge Bruce Harwood Named Secretary of ABI's Executive Committee
(DBN)

BK ND CA Seeks Term Law Clerk
(DBN)

Judge complains court filings are being used to deliver information to news media
(DBN)

Law School Refuses To #CancelKavanaugh
(DBN)

Employee’s theft leads to discipline for former OH judge, bankruptcy trustee
(DBN)

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Wall Street:

 

Stocks close higher as investors digest plethora of earnings, economic data
(DBN)

Investors' January Wins Didn't Pay For 2018 Market Losses
(DBN)

Which markets are closed on Good Friday?
(DBN)

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Layoffs:

Fifteen-yard penalty for failure to WARN
(DBN)

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Retailing:

Sears sues Lampert, claiming he looted company and drove it into bankruptcy • Sears sues former CEO Eddie Lampert, Treasury Secretary Mnuchin and others for alleged 'thefts' of billions from bankrupt retailer • Former Sears company sues ex-CEO Lampert, Treasury's Steven Mnuchin over 'asset stripping' • Who is Edward Lampert? The hedge fund billionaire survived kidnapping and Kmart. Then came Sears. • Sears sues former CEO Eddie Lampert for asset stripping, names Treasury Secretary Mnuchin in lawsuit: reports • In lawsuit, Sears claims former chairman Eddie Lampert stripped retailer of $2 billion • Lawsuit Says Lampert Looted Sears - And A Lot Of It Happened While Everyone Was Watching • Here Are Sears Holding’s Five “Fraudulent Transfers” and Why “Culpable Insiders” Lampert, Mnuchin, et. al Got Sued • From savior to executioner: new lawsuit accuses Sears ex-chairman Eddie Lampert of looting retailer before its demise
(DBN)

Sears Files Reorganization Plan - Shareholders Get Nothing
(DBN)

These states have been hit hardest by the retail apocalypse
(DBN)

Pier 1 liquidation is a possibility, analysts say • Pier 1 appoints interim CFO amid growing financial loss
(DBN)

Why Bed Bath And Pier 1 Are Two Sides Of The Same Retail Coin
(DBN)

US retail sales soared 1.6% in March
(DBN)

12 department stores that imploded before the retail apocalypse even began to rage
(DBN)

The Most Likely Benefactor From The Gymboree Fallout: Target
(DBN)

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Hotels:

Bankruptcy trustee seeks to sell hotel amid fraud claim
(DBN)

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Student Debt:

The Student-Debt Crisis Hits Hardest at Historically Black Colleges
(DBN)

U.S. Employers Stepping Up Student Loan Assistance Programs
(DBN)

Lessons to learn from the days before student loans
(DBN)

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Healthcare:

DOJ investigates former NKC firm for failed hospital chain
(DBN)

Missouri hospital tries to regain Medicare funding after owner enters bankruptcy
(DBN)

Why measles is back in the US • Judge upholds New York City’s mandatory measles vaccination order
(DBN)

Most Medicaid dollars go to health insurers
(DBN)

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Pharma:

New Chapter 11 Bankruptcy Filing - Achaogen Inc.
(DBN)

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Debt Collection:

11th Circuit: Letter Offering to “Resolve” Time-Barred Debt Violates FDCPA
(DBN)

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Taxis:

Conversations With Uber Drivers Reveal Stress and Debt
(DBN)

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Hockey:

Players demand say in women’s hockey future after CWHL folds
(DBN)

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Festivals:

Fyre Festival trustee wants to know source of Netflix and Hulu footage
(DBN)

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Autos:

SEC, Tesla CEO Elon Musk seek one-week delay to resolve contempt motion
(DBN)

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Accounting:

U.K. regulator recommends largest audit firms separate audit, consulting businesses
(DBN)

Big Four told to keep lawyers and accountants apart
(DBN)

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Economy:

US weekly jobless claims lowest since 1969; unemployment rolls shrink • Weekly Initial Unemployment Claims decreased to 192,000 • U.S. Jobless Claims Hit Fresh 50-Year Low
(DBN)

US business inventories rise 0.3% in February
(DBN)

Economy speeds up slightly in March, leading indicators show
(DBN)

Fed's Kaplan Says U.S. Growth Isn't Likely to Change His Stance on Rates
(DBN)

IMF Forecasts Global Growth Slowdown
(DBN)

Is the World Economy Headed for a Fall?
(DBN)

Consumer confidence may be hitting a peak • Economic Confidence Slips in April, but Still Positive
(DBN)

The Fed Needs to Fight the Next Recession Now
(DBN)

How to Stop Rising Inequality in the Next Recession
(DBN)

Does the US Have Enough 'Fiscal Space' to Fight the Next Recession?
(DBN)

The Fed Will Have to Risk More in the Next Recession
(DBN)

Fed Should Buy Muni Bonds to Fight the Next Recession
(DBN)

Recession Watch: Retail Sales See Huge Gains
(DBN)

Recession signal? Revenue of the smallest businesses dropped 3% in Q1
(DBN)

Expectations for first-quarter growth have suddenly surged past 2%
(DBN)

Philly Fed Mfg "Continued to Grow" in April • Philly Fed manufacturing index slows in April as outlook drops to three-year low
(DBN)

Even 75% of Americans in the best 401(k) plans won’t have enough to retire
(DBN)

We knew millennials were drowning in debt and now we know have the ugly details
(DBN)

Herman Cain: ‘My voice is needed’ to counter Fed and its ‘professor standard’ • Numbers Don’t Scare Herman Cain
(DBN)

Retail Sales increased 1.6% in March • Retail sales post biggest gain in 1 ½ years, point to rebounding economy
(DBN)

Trump's USMCA trade agreement would have a limited but positive impact on US economy, report finds • A report on Trump's NAFTA overhaul found that it's not going to do much for the economy • Commission: New NAFTA would deliver modest economic gains • Report: NAFTA 2.0 Would Hurt Car Sales
(DBN)

US-China row not just about trade • Trade War Fears: Boeing Could Be Hit By EU Tariffs • U.S.-China Tensions May Linger After Trade War • US handbags, helicopters and hazelnuts all put on $20 billion EU tariff list after Boeing ruling
(DBN)

This map shows where each state's largest immigrant group comes from (besides Mexico)
(DBN)

How much money you need to live in the most expensive zip code in every state
(DBN)

Millennials still lean on parents for money but want financial independence, survey says
(DBN)

Median Age of the Population in Every Country
(DBN)

Retirement Is Dead!
(DBN)

68% Paid the Same or More in Taxes for 2018
(DBN)

Pew: Growing Partisan Divide Over Fairness Of The Nation’s Tax System
(DBN)

America's Best Large Employers In 2019 This chart shows the top-10 U.S. employers as rated by employees on a scale from 0-10.
(DBN)

Tax reform is working now, and the best is yet to come, says the global chairman and CEO of EY
(DBN)

Wisconsin's governor really hates the Foxconn deal. He wants to renegotiate
(DBN)

More Americans are moving, mostly to Sun Belt suburbs • California's Population to Start Shrinking
(DBN)

This mayor thinks basic income is the road out of structural inequality
(DBN)

Rural America Continues to Miss Out
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Here's what you need to earn to afford a home in the biggest US cities • Do You Earn Enough to Afford a House in the Largest U.S. Metros?
(DBN)

NMHC: Apartment Market Tightness Index Increased in April
(DBN)

Denver shopping center owned by indicted real estate magnate sold for $24.2M
(DBN)

CMBS Special Servicing Rate Falls for Ninth Consecutive Month
(DBN)

Trump proposal would evict undocumented immigrants from public housing
(DBN)

14 places you can retire in the US where the typical home value is less than the cost of a new car
(DBN)

Same-sex borrowers 73 percent more likely to be denied mortgage, study finds
(DBN)

'It just fed itself': How Chris Gatley's properties became Springfield's public menace
(DBN)

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Municipalities:

America's most powerful and controversial consulting firm leads efforts to dig bankrupt Puerto Rico out of debt
(DBN)

Banks ordered to disclose bondholder information to Puerto Rico board
(DBN)

Viability of Cofina Deal Stirs Questions
(DBN)

New York Fed cracks down on Puerto Rico banks
(DBN)

Promesa Watch: Consumer Rep Warns of Challenges in New Puerto Rico Energy Public Policy
(DBN)

Climate Change: The Next Great Risk to Munis Is Already Here
(DBN)

Muni Lowdown
(DBN)

Photographing the Trumpian Urbanism of Atlantic City
(DBN)

Thanks To Telecom Lobbyists, 26 States Now Ban or Restrict Community Broadband
(DBN)

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Oil/Gas:

Signs of a Shale Slowdown
(DBN)

U.S. oil futures notch a 7th straight weekly climb, the longest streak in 5 years
(DBN)

US Energy Consumption Hits Record High
(DBN)

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Climate:

Earth had a top 3 warmest March on record, climate agencies find
(DBN)

Satellite data confirms globe is warming rapidly
(DBN)

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Electricity:

San Francisco Mayor Sees PG&E Assets as a ‘Great’ Opportunity • San Francisco mayor wants to take over PG&E assets
(DBN)

San Francisco Might Divorce PG&E But Not Wildfire Costs
(DBN)

PG&E : Ratepayers Lobby for a Voice in Utility's Bankruptcy
(DBN)

FirstEnergy Solutions Corp. Enters into Agreement with FirstEnergy Corp. to Provide Clear Path Forward to Conclude Restructuring • FirstEnergy Statement on Next Steps in FES Bankruptcy Filing
(DBN)

Rewarding Failure: Taxpayers on Hook for $12 Billion Nuclear Boondoggle • Nuclear division: Should taxpayers bail out Beaver Valley?
(DBN)

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Awards:

ABI Names Becket President, Houser President Elect
(DBN)

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Mass Torts:

J&J Aims to Use Supplier Bankruptcy to Fight 2,400 Talc Lawsuits
(DBN)

EPA announces nearly complete ban on asbestos
(DBN)

Couple With Same Cancer Testify in Roundup Trial
(DBN)

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Television:

Delaware Judge OK’s LBI Media BK Exit
(DBN)

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Crypto:

QuadrigaCX's creditor protection extended until June
(DBN)

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Football:

San Antonio businesses at risk of losing big, AAF bankruptcy filings show
(DBN)

Upstart pro football league backed by Dallas billionaire files for bankruptcy
(DBN)

What's next for AAF after end of operations, bankruptcy
(DBN)

Defunct AAF ‘did its job’ for 7 shocked, grateful newcomers to Miami Dolphins
(DBN)

Walking Through The AAF's Bankruptcy Declaration
(DBN)

Season-tickets holders are among the AAF creditors
(DBN)

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Distressed Investing:

Cerberus closes global non-performing loan fund at $4.1 billion
(DBN)

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New Bankruptcy Opinions
(2 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (17 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (10 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:

BK MN: Updated Case Filing Statistics
(DBN)

March Chapter 11 Filings, 2009-19
(DBN)

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Bankruptcy Rules:

BK NJ Changes Pro Hac Vice Rule To Require Disclosure of Past Discipline
(DBN)

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Miscellaneous:

AIRA Journal
(DBN)

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Bankruptcy Crimes:

Wallingford man pleads guilty to bankruptcy fraud
(DBN)

Two Plead Guilty to Concealing Bankruptcy Assets
(DBN)

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Bankruptcy History:

History of Bankruptcy: From the Torah, the Talmud and the Mishnah
(DBN)

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Aviation:

Boeing ‘shielded’ from 737 Max order cancellations
(DBN)

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Lehman:

Lehman Brothers: The Musical
(DBN)

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Entertainment:

Weinstein’s Former Companies Dismissed From Racketeering Suit • Harvey Weinstein Fails To Get Class Action Tossed; Bob Weinstein, Disney, TWC Board & David Glasser Dropped From Case
(DBN)

Judge allows trafficking claim in suit against Weinstein
(DBN)

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Fraud:

Greenberg Traurig Immune in Stanford Ponzi Scheme Class Action, 5th Circuit Rules
(DBN)

Loughlin's Daughter Now Under Investigation • Loughlin's Husband Never Went to USC
(DBN)

Guinn appeals bankruptcy judge’s ruling
(DBN)

What Kind of Online Fraud is Growing the Fastest?
(DBN)

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Politics:

Trump’s Second Term
(DBN)

Mueller Did His Job. Now It’s Our Turn
(DBN)

Trump again jokes about staying on as president for more than two terms
(DBN)

Sorry Democrats, but Your Stars Are Socialists
(DBN)

N. Korea rejects Pompeo role in nuclear talks, asks for more 'mature' US envoy
(DBN)

Why the Media Dumped Beto for Mayor Pete
(DBN)

O'Rourke Defends Charity Giving After Donating 0.3% Of Income
(DBN)

Here's what 2020 Democratic presidential candidates are saying about the Mueller report
(DBN)

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Food/Beverage:

Uncle Maddio’s chain files for bankruptcy protection • Hearing set in Uncle Maddio’s bankruptcy case
(DBN)

CTI Foods Plan of Reorganization Confirmed by Court
(DBN)

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Non-Profits:

Shuttered Milwaukee nonprofit UNISON files for Chapter 7 bankruptcy
(DBN)

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Pensions:

Oregon Gov. Proposes Robin Hood Pension Solution
(DBN)

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Transit:

Vigilantes Are Taking Scooters Off the Streets of San Diego
(DBN)

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Celebs:

Joe Giudice's deportation appeal denied
(DBN)

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Education:

Some colleges receiving the most GI benefits spend the least on educating veterans, report says
(DBN)

Washington University Goes Tuition-Free For 50% Of Its Medical Students
(DBN)

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Religion:

Phoenix Diocese still trying to right the wrongs of decades of coverup
(DBN)

Stockton diocese urged to add more names to ‘credibly accused’ list
(DBN)

Abuse survivors group praises limitations bill, Vermont Catholic Church bishop
(DBN)

U.S. Church Membership Down Sharply in Past Two Decades
(DBN)

Crucifixions in Philippines
(DBN)

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UK:

Debenhams CEO Bucher quits after lenders take control
(DBN)

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EU:

Europe's New Leaders Need to Think Now about the Next Economic Downturn
(DBN)

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MENA:

Abraaj Group Founder To Seek Bail In US Extradition Battle
(DBN)

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Canada:

Collateral Damage Caused by the Supreme Court of Canada’s Decision to Overturn the Redwater Decision
(DBN)

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Brazil:

Azul no longer bidding for Avianca Brasil's routes -CEO
(DBN)

Livraria Cultura’s $73 Million Restructuring Plan
(DBN)

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India:

Jet Airways shares plunge, rivals race to grab grounded carrier's slots • Expert reveals why Jet Airways really folded — and why we could be to blame • Jet Airways crisis: SBI-led consortium stare at 60-80% haircut • Jet Airways employee urges PM Modi to 'support' the debt-ridden airline • Jet Airways shares in free-fall mode on panic sell-off • Banks seek RBI's special permission to convert Jet Airways' debt into equity
(DBN)

Jet grounding sends stocks of leveraged companies crashing
(DBN)

Insolvency and Bankruptcy Code: Lenders invoke IBC norms to keep stressed assets in NCLT
(DBN)

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Netherlands:

Government helps bail out key hospital facing bankruptcy
(DBN)

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Singapore:

Ex-white knight SM Investments sues Hyflux for breaching agreement
(DBN)

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China:

Crisis at China's JPMorgan Wannabe Deepens on Bond Defaults
(DBN)

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South Africa:

Omnia Said in Talks to Reorganize Debt as Finance Costs Leap
(DBN)

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