April 2, 2019

The Daily Bankruptcy News

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Law:

Orrick Partner Accused of Creating Phony Bills For SunEdison
(DBN)

Pryor Cashman Must Face Trial on Older Lawyer’s Bias Claims Big Law Associate Who Was Fired at 61 Clears Hurdle in Age Bias Suit
(DBN)

Blank Rome Welcomes Experienced Finance & Restructuring Partners in New York
(DBN)

Goldstein & McClintock Welcomes New Corporate Restructuring and Transactional Partner
(DBN)

Bankruptcy Law Firms Power Rankings Out-of-Court Law Firms for Creditors Power Rankings
(DBN)

Profits Rise, But Big Law's Middle Class Still Feels the Squeeze
(DBN)

Another Biglaw Firm Kicks Mandatory Arbitration To The Curb
(DBN)

Former managing partner involved in Bush v. Gore charged with resisting arrest
(DBN)

Lawyer fingerprinting in this state turns up over 2,200 convictions unknown to bar
(DBN)

Task Force To Determine Whether Uniform Bar Exam Leads To New Lawyers Being Unprepared To Practice Law
(DBN)

Children Of Lawyers 17 Times More Likely To Become Lawyers
(DBN)

After 50-Plus Years, Times and Customs Are Changing at Williams & Connolly
(DBN)

Democrats to authorize subpoena for full Mueller report Democrats Open a New Front in War for the Mueller Report Also testimony from former Trump insiders including Hope Hicks, Steve Bannon and Reince Priebus Why Barr's Delay In Releasing The Mueller Report Is Unprecedented And Unreasonable Dershowitz: No Legal Basis for Barr to Release Mueller Report 'This Is Not a Legal Issue': Dershowitz Unloads on Dem Subpoena of 'Full' Mueller Report Democrats Threaten to Subpoena ‘Full’ Mueller Report, But That ‘Likely Won’t Succeed’ Law is Clear: Congress Entitled to Full Unredacted Mueller Report Most Americans don't think Trump is in the clear yet on Russia, new poll finds Mulvaney: Mueller meant for Barr to rule on obstruction of justice Bill Barr Has Promised Transparency. He Deserves the Chance to Deliver Here Come The Subpoenas What did Mueller know? Former Feds Who Worked with Mueller Split Over Why He Didn't Answer Obstruction Question Group Quotes Trump While Asking Court to Order the Release of Secret Mueller Grand Jury Info First Amendment group asks court to release Mueller grand jury materials Judge Won't Name Foreign Corporation Fighting Mueller Subpoena
(DBN)

Evidence: Trump Jr. Could be Indicted
(DBN)

College student killed after getting into car she mistook for an Uber, police say child safety lock was on.
(DBN)

Teen fatally shot after knocking on the wrong door in Atlanta
(DBN)

Dueling rallies over Kim Foxx’s handling of Jussie Smollett case held in Chicago
(DBN)

R. Kelly Lawyer Suggests Avenatti 'Bullied' Prosecutors into Charging Singer Avenatti Complains People Act Like He Was a ‘Nobody’ Before Stormy Daniels
(DBN)

Federal judge strikes down skirt requirement for girls at public charter school
(DBN)

One Little Problem with Closing the Border You Can't Hang a Closed Sign at the Border
(DBN)

DHS Disbands Domestic Terror Intel Unit
(DBN)

Maybe Discovery Requests Don’t Need To Be THIS Specific
(DBN)

Bail the Rich: Armed Guards, Private Prisons, and Special Treatment for the Wealthy Under the Bail Reform Act
(DBN)

Once Adversaries, 4 Trial Firms Unite to Represent Fired Juror
(DBN)

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Judges:

Bankruptcy judge has ordered at least 10 people jailed, including 2 lawyers
(DBN)

Donald Trump Already Has Plans For Ruth Bader Ginsburg’s Supreme Court Seat
(DBN)

Judges Love 'Game of Thrones,' Too
(DBN)

Didn't McConnell Block Obama's Nominees?
(DBN)

No Disciplinary Action for Manafort Judge
(DBN)

Is John Roberts Moderate?
(DBN)

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Wall Street:

Futures take a breather, more data awaited
(DBN)

Dow surges 300 points to start off the quarter on strong US and China data
(DBN)

Goldman: Earnings outlook is getting grimmer by the day, so hide out in companies with big margins
(DBN)

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Layoffs:

 

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Politics:

The Worse Things Are, the Better for Trump
(DBN)

Trump says census is 'meaningless' without citizenship question Here's why the Census citizenship question is controversial
(DBN)

Majority Says Trump Has Done ‘Too Little’ to Distance Himself From White Nationalists
(DBN)

Trump Considers an Immigration Czar
(DBN)

Bernie Sanders continues to dodge questions about releasing his tax returns, even as he pressures Trump to do the same
(DBN)

Connecticut woman alleges Biden touched her inappropriately in 2009 Biden spokesman condemns mischaracterizations of former VP's behavior Biden’s ‘Affectionate’ Behavior Was an Open Secret Joe Biden advisers smell a conspiracy
(DBN)

Valerie Jarrett confronted Obama about "macho" White House
(DBN)

2020 presidential election: Amy Klobuchar releases 12 years of tax returns
(DBN)

Whistleblower says White House interceded on security clearances White House reversed more than 25 security clearance denials, says whistleblower Cummings names subpoena targets for security clearance investigation Ivanka Trump among the 25 Trump officials flagged for serious security clearance concerns A White House whistleblower claimed at least 25 Trump administration employees got a security clearance after initially being denied Trump Official Allegedly Retaliated Against Security Clearance Whistleblower
(DBN)

Buttigieg announces massive Q1 fundraising haul Buttigieg Campaign Targets Mike Pence Interest in Pete Buttigieg is exploding
(DBN)

Mike Bloomberg might still run in 2020
(DBN)

2020 by the numbers: Dems posting big campaign stats
(DBN)

Bolton Tests His Boundaries and Trump's Patience in Growing Role
(DBN)

The Myth of Beto O’Rourke Trump Laid a Trap on Immigration—And Only Beto Sees It Beto O’Rourke says he’d require his cabinet secretaries to hold town hall meetings
(DBN)

What Democratic Contenders Are Missing in the Race to Revive Antitrust
(DBN)

Arizona Republican Resigns Suddenly, Allegedly Paid Two Boys $10 for S-- on Numerous Occasions
(DBN)

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Fraud:

16 books about the biggest business scams of our time — including Enron, Bernie Madoff, and Theranos
(DBN)

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Adhesives:

Hexion Inc. Reaches Consensual Restructuring Agreement with Vast Majority of Its Creditors to De-Lever Balance Sheet US Hexion blames bankruptcy on high debt New Chapter 11 Filing - Hexion Holdings LLC
(DBN)

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Agribusiness:

The Thrill Is Gone: Special Concerns for Agribusiness Lenders
(DBN)

Concerns Grow Over New Farm Crisis
(DBN)

Conditions Are Ripe for U.S. Farm Crisis 2.0
(DBN)

Many Farms and Ranches Are in Survival Mode
(DBN)

What Advisors to Agricultural Producers Need to Know About Loan Workouts
(DBN)

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Maritime:

Mercuria’s Aegean Takeover Gets Green Light from EU
(DBN)

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Disaster Recovery:

Sungard plans bankruptcy reboot; hedge funds to replace buyout artists
(DBN)

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Media:

Study shows America's local news crisis is linked to partisan polarization
(DBN)

Pope warns against hate-fomenting 'fake news'
(DBN)

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Economy:

There’s a retirement crisis in America where most will be unable to afford a ‘solid life’
(DBN)

America's Wealthiest Households Have Record Cash on Hand
(DBN)

Not the time to cut interest rates, says Fed’s Kashkari
(DBN)

Credit Card Interest Rates Jumped 50%
(DBN)

85% of American workers are happy with their jobs, national survey shows
(DBN)

Things are only getting tougher for Chair Jerome Powell and his ‘all over the place’ Fed
(DBN)

No need for the Fed to enter 'panic mode' and cut rates now, says Moody's
(DBN)

Behind the China Trade Deal Delay Global recession is 'highly likely' if there's no US-China trade deal within months, Moody's warns
(DBN)

Let's Not Stress About The Next U.S. Recession
(DBN)

Manufacturing activity rebounds in March, construction spending hits 9-month high in February ISM Manufacturing index Increased to 55.3 in March
(DBN)

Trump Fed pick Moore shorted ex-wife on more than $300,000 for child support, divorce
(DBN)

Report: Half of World's Largest Companies Fail Pay Equality Test
(DBN)

The middle class in America is disappearing. Hotels have to choose between 2 distinct paths to survive, says the man who invented boutique hotels
(DBN)

Corporate America’s profits are set to drop. Are blue-collar workers the reason?
(DBN)

Weak February US retail sales underscore slowing economy
(DBN)

The biggest question for the market entering the second quarter: Recession or just a soft patch?
(DBN)

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

Why Today Seems Like the Gilded Age
(DBN)

Trump Outlines A Significant Social Security Cut In His 2020 Budget
(DBN)

750,000 Could Lose Food Stamps
(DBN)

Most & Least Stressed States
(DBN)

Most Don't Support Higher Defense Spending
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Fannie Mae: Mortgage Serious Delinquency Rate unchanged in February
(DBN)

Office Vacancy Rate decreased in Q1 to 16.6%
(DBN)

US shopping center vacancies rise to eight-year high
(DBN)

Manhattan real estate sales fall for sixth straight quarter — longest losing streak in 30 years
(DBN)

Construction Spending increased 1.0% in February
(DBN)

Americans are relocating more frequently than before, here's why
(DBN)

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Municipalities:

Trump hasn't treated Puerto Rico well. But that's a long U.S. tradition.
(DBN)

First Circuit Finds Chapter 9 Special Revenue Provisions Permit Voluntary Payment, But Do Not Require Them
(DBN)

Union pushes for inspector general in Puerto Rico utility bankruptcy case
(DBN)

GOP disaster relief bill fails to advance in Senate Disaster aid bill stalls in US Congress after Democrats demand Puerto Rico disaster relief be funded too
(DBN)

U.S. pols urge Puerto Rico fiscal board to also go after banks, advisers in ‘illegal’ debt
(DBN)

Trump Slams Puerto Rico on Bill Failure
(DBN)

Proposed legislation would end state oversight of Detroit post-bankruptcy
(DBN)

Criminal Flint water cases postponed again for former EM, DPW director Federal judge: Flint suit against Snyder can advance
(DBN)

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Oil/Gas:

Vanguard files for Chapter 11 bankruptcy; second time in two years
(DBN)

New Chapter 11 Filing - Southcross Energy Partners LP
(DBN)

Electric Cars Outsell Gas Models in Norway
(DBN)

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Healthcare:

Chicago Medicare insurer to fold
(DBN)

Americans Borrowed $88 Billion to Pay for Health Care Last Year, Survey Finds
(DBN)

US measles cases at second highest since disease was eliminated in 2000 US measles cases surpass 2018 totals in just three months as outbreaks spread across four states
(DBN)

Obamacare Filing Breaks All Kinds of Justice Department Norms
(DBN)

Baltimore health provider Kaiser Permanente bought $114,000 worth of mayor's books
(DBN)

FactCheck: "Every single (health care) plan that this White House has ever put forward since Donald Trump was elected covered pre-existing conditions."
(DBN)

If Trump ends Obamacare, keeping my daughter alive will wipe out our family Have a Preexisting Condition? How the ACA Lawsuit Could Affect You
(DBN)

Trump reverses course, now says vote on health care can wait until after the 2020 election Trump says no Republican health-care plan until after 2020 elections
(DBN)

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Retailing:

U.S. retail sales unexpectedly fall in February Retail Sales decreased 0.2% in February
(DBN)

Charlotte Russe sells off its brands as all stores shutter
(DBN)

The retail apocalypse: traditional retail chains are dying across America
(DBN)

Retail Store Closures: All the Companies That Are Downsizing in 2019
(DBN)

Walgreens shares slide as drugstore chain misses earnings estimates, lowers 2019 forecast
(DBN)

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Climate:

While the rich world braces for future climate change, the poor world is already being devastated by it
(DBN)

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Education:

Hampshire College’s Board Chair Resigns, Citing ‘Vitriol’ and ‘Slanderous Attacks’
(DBN)

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Baseball:

Martinez Clippers Will Not Return in 2019 Martinez Clippers baseball team defunct after one season; FBI investigates team owners
(DBN)

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Non-Profits:

Ry-Con owner moved $70,000 from non-profit into personal account, court filing says
(DBN)

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Paper Products:

Orchids finally finds buyer
(DBN)

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Taxis:

Will Congestion Pricing Kill Yellow Cab?
(DBN)

Think This Lyft Sell-off Is Bad? Wait For The Short Sellers
(DBN)

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Advertising:

Sizmek bankruptcy: an ad tech sector under pressure
(DBN)

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New Bankruptcy Opinions
(11 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (32 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (4 new filings today)
(DBN)

Bankruptcy Code (html) - Bankruptcy Code (pdf) Prior BK Codes (pick year from list) - Bankruptcy Rules
(large downloads)

UCLA-LoPucki Bankruptcy Research Database
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Jobs:

(1) (2) (3) (4) (5) (6) (7) (8)
(DBN)

Seminars - (Contact us to list your seminar)

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Bankruptcy Statistics:

BK ME: March Filing Statistics
(DBN)

Bankruptcy cases fall in Toledo area
(DBN)

Retail, Pharma Most Active in Bankruptcy
(DBN)

Weekly Bankruptcy Claims Trading Activity
(DBN)

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Subordination:

Court: Standby Limitation in Subordination Agreement Enforceable Under Section 510(a)
(DBN)

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Exemptions:

Exemption Of Inherited IRAs Under California Law: The Legacy Of Clark V. Rameker
(DBN)

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Bankruptcy Forms:

Official Bankruptcy Forms Revised To Reflect April 1, 2019 Dollar Amount Adjustments Now In Effect
(DBN)

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D&O:

Six Avoidable Problems Directors Can Have With Their D&O Insurance
(DBN)

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Aviation:

FAA: Boeing to submit 737 MAX fixes for review in "coming weeks"
(DBN)

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Transit:

New York's high-cost traffic war
(DBN)

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Student Debt:

Thousands of students who say they were scammed by their schools applied for debt relief — they’re still waiting
(DBN)

Student Loan Fixes
(DBN)

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Religion:

The countries with the 10 largest Christian populations and the 10 largest Muslim populations
(DBN)

Religious orders targeted in New Mexico clergy abuse case
(DBN)

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Electricity:

PG&E debts climbed after wildfire-linked bankruptcy, new court filing shows
(DBN)

The PG&E Rescue Plan Is All About Timing
(DBN)

PG&E's catastrophe is California's energy opportunity
(DBN)

What is the toll? California’s worsening wildfires, explained
(DBN)

FES and FE have created a ‘scheme’ that is an ‘abuse of the bankruptcy system’: Feds say
(DBN)

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Tax:

IRS More Likely to Audit Those in Poorer Areas
(DBN)

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Pharma:

Purdue Pharma's new subsidiaries may come under scrutiny if bankruptcy filing is made
(DBN)

New York Lawsuit Seeks Sackler Family Investments Abroad
(DBN)

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Coal:

Bankruptcy court told to revisit award of attorney fees to Peabody Energy
(DBN)

The U.S. coal industry is choking
(DBN)

Murray winning bidder for bankrupt Mission Coal assets
(DBN)

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Personal Finance:

75 percent of Americans are winging it when it comes to their financial future
(DBN)

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Travel:

These Airlines Bump the Most Passengers
(DBN)

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Autos:

Rattner: Lessons from Auto Industry Rescue
(DBN)

Hackers Steer Tesla into Oncoming Traffic Get Ready for a Big Drop in Tesla Sales
(DBN)

Obama: Should GM, Chrysler Stay in Detroit
(DBN)

Renault alerts prosecutors to Oman dealer payments under Ghosn
(DBN)

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UK:

U.K. Parliament rejects every alternative Brexit option for 2nd time Everything you need to know about Brexit
(DBN)

Top economist: Brexit will happen and Trump fans are ‘economically illiterate’
(DBN)

For Many UK Businesses Brexit Has Happened
(DBN)

The Rare Businesses That Can’t Wait for Brexit
(DBN)

UK Factories Stockpiling Ahead of Brexit
(DBN)

Mini, Peugeot Prepare UK Plant Shutdowns
(DBN)

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Canada:

Calgary real estate insiders optimistic even as retail chains continue exodus
(DBN)

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Venezuela:

A New PDVSA? The Transfer of Venezuela’s Oil Assets to a Successor Entity and Fraudulent Conveyance
(DBN)

Restructuring Venezuela’s Debt: An Update
(DBN)

Millions without water as Venezuela crisis deepens
(DBN)

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Netherlands:

Fashion store Sissy Boy is latest high street staple to face bankruptcy
(DBN)

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Norway:

Enforcement in Norway: Insolvency related foreign judgments
(DBN)

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India:

India's fraud investigator arrests ex-chief of debt-laden IL&FS
(DBN)

Jet Airways crisis: SBI-led consortium draws out fresh plan to revive debt-laden airline; Etihad not keen to invest more
(DBN)

Lenders rope in Ernst & Young as Jet auditor
(DBN)

SC quashes RBI's last year circular on insolvency In one fell swoop, SC punctures RBI's efforts to tackle bad loans SC order on insolvency circular is a blow but war on bad loans to continue Huge blow to the bankruptcy code
(DBN)

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China:

US-China Trade War Could Led to Worst China Recession in Recent History
(DBN)

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