April 22, 2019

The Daily Bankruptcy News

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Law:

BigLaw firm isn’t liable to investors for lawyer’s work for Ponzi schemer, 5th Circuit rules
(DBN)

The Legal Talent Market Faces Tectonic Jolts
(DBN)

High-End M&A Meets a New Challenge: Too Many White Men
(DBN)

UnitedLex Luthor
(DBN)

Get Ready to Rumble When Crisis Strikes Your Law Firm
(DBN)

Federal judge rejects BigLaw firm’s sanctions request in gender bias suit • MoFo’s Attempt To Play Hard Ball With Gender Discrimination Plaintiff Fails
(DBN)

Bar pass rate for 2016 law grads shows little movement; which law schools did best?
(DBN)

LyondellBasell’s Andrew Gratz helped steer company from bankruptcy to petrochemical giant
(DBN)

So, How Much Money Can You Really Expect To Make At A Small Law Firm?
(DBN)

Are Lawyers Just Luddites? Upcoming Webinar Explores This Question To Which The Answer Is ‘Yes.’
(DBN)

Kim Kardashian Already Has Her First Law Firm Job Offer
(DBN)

Michael Avenatti Accused Of Embezzling Nearly $2 Million From NBA Star • Hassan Whiteside paid Michael Avenatti $2.75M to settle lawsuit • Avenatti, Facing 107 Years in Prison Himself, Calls for Trump Impeachment Proceedings
(DBN)

'Total bulls---': Trump takes aim at former White House counsel Don McGahn while ripping into the Mueller report • Mueller witnesses now fear Trump's anger • Don McGahn responds to accusations against his credibility • McGahn's lawyer pushes back after Giuliani knocks his credibility • The Best Part Of The Mueller Report Is Definitely Don McGahn’s ‘Notegate’ • To Defend Against a Mercurial Boss, Trump Aides Wield the Pen as Shield • Nadler says Democrats will call Donald McGahn to testify • Trump Reportedly Suspected Ex-White House Counsel Don McGahn Spied on Him • Trump Called Spy Chiefs for Help on Probe • Trump Campaign Punishes McGahn's Firm • McGahn Hits Back At Giuliani: Events I Told Mueller About Were ‘Accurately Described’ • How a legal dispute between Mueller and Barr drove the end of the special counsel's probe • From Celebration to "Total B---" • Trump lashed out at the Mueller report days after its release in a series of tweets, saying it never should have been authorized • Sarah Huckabee Sanders said her false claim that 'countless' FBI agents thanked Trump for firing James Comey was made 'in the heat of the moment' • One of the most telling moments occurs on page 102 • Top Democrats reject Barr's offer to view less-redacted Mueller report • Nadler: "Barr deliberately misled the American people" • Schiff: Trump's obstruction was far worse than anything Nixon did • 27 Times Trump Can't Remember • Mueller’s investigation repeatedly supports news reporting that was done on the Russia probe over the last two years • A Darker Portrait Emerges of Trump’s Attacks on the Justice Department • What If Everything Mueller Told Us Had Been New? • Mueller report shows Trump’s biggest power play • Two Universes, One Report • Mueller Report vs. What They Said Previously • Mueller report challenges Trump, White House claims • Fake news? Mueller findings show reporting on Russia had it mostly right • Poll: Mueller report exonerates Trump, say Americans who did not actually read the Mueller report • Behind the scenes of the Mueller report reveal • A book critic's take on the Mueller report • Giuliani: "There's nothing wrong with taking information from Russians" • Giuliani: Americans had 'right to know' the contents of Democratic emails hacked by Russians • Preet Bharara: "Extraordinary" Giuliani Approves Of Taking Info From Russians, "I Hope He Retracts It" • Giuliani assails Mueller report even as he defends its conclusions • Mueller makes FORTUNE's list of "World's Greatest Leaders" • The Special Counsel and Trump’s Saga Of Self-Inflicted Wounds • People are criticizing an MSNBC reporter for hounding Robert Mueller with questions outside of his Easter Sunday service • The Mueller report is not an impeachment referral • The Best Hot Take on the Mueller Report Is From 1796
(DBN)

Mueller's Restraint, Barr's Press Conference: Here's What Lawyers Are Saying
(DBN)

DOJ's Rachel Brand Was on Trump's Radar for Russia Probe, But Aide Resisted Inquiries: Mueller
(DBN)

The “Red Line” Investigations that Will Haunt Trump’s Presidency
(DBN)

Obama Counsel Trial to Start August 12
(DBN)

Prosecutors seek 18-month sentence for Butina in Russian plot to forge ties to US conservative groups
(DBN)

Leaked documents reveal an Army Green Beret was killed in a hazing ritual that began with a sledgehammer and duct tape
(DBN)

"Anti-Judaism is once again vogue in Christian circles resulting in the restraints being loosened on antisemitism. FBI statistics show a 37% rise in antisemitic incidents in the last three years in the US"
(DBN)

'No authority': New Mexico governor tells militia to stop arresting migrants at border • 9th Circuit Stops Trump on Sanctuary Law • Focusing on asylum seekers who cross land borders ignores the real problem: people who overstay their visas • Armed border militia member accused of detaining migrants arrested in New Mexico • A member of an armed group detaining migrants at the border has been arrested by the FBI • Mexico Concerned with US Militias on Border • NM Gov: "The rule of law should be in the hands of trained law enforcement officials, not armed vigilantes"
(DBN)

The Four-Pinocchio claim at the center of the census citizenship question
(DBN)

9th Circuit refuses to block California’s sanctuary state laws
(DBN)

Court Filing Says Robert Kraft Spa Video Has Leaked, Is Now For Sale
(DBN)

Yale Controversy: Your Religion Can Discriminate Against LGBTQ, but Yale Can't Discriminate Against Your Religion?
(DBN)

Florida Man Threatened to Kill Democrats
(DBN)

The Children of the Children of Columbine • The Columbine Blueprint • Three decades of school shootings
(DBN)

A Florida deputy is under investigation after viral video appears to show him slamming teen's head into the ground
(DBN)

Pretends to be Cop, Then Pulls One Over
(DBN)

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Judges:

BK SC Seeks Law Clerk for Judge Waites
(DBN)

Delaware’s Most Welcoming Bankruptcy Judge to Bid Farewell
(DBN)

The Lehman Judges Judge “The Lehman Trilogy”
(DBN)

US Supreme Court Tells Lawyers: Write Tighter
(DBN)

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Wall Street:

U.S. stock futures point to losses at the start of post-Easter trading
(DBN)

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Layoffs:

GM Baltimore Workers Irate on Plant Closure
(DBN)

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Politics:

Trump and the Republican-controlled Senate are increasingly at odds on everything from trade to Yemen to the border wall
(DBN)

Trump keeps issuing orders, and staffers keep ignoring them because they’re illegal or unwise
(DBN)

Trump FactCheck: "In New York State, Democrats blocked a Bill expanding College Tuition for Gold Star families after approving aid for illegal immigrants."
(DBN)

Mueller report is the best book on the Trump White House so far, says Washington Post review • FactCheck: Trump's Claims on Mueller Report • The counterintelligence investigation of the Trump team and Russia hasn't stopped • Tom Arnold Apparently Contributed to Michael Cohen Turning on Trump • Sen. Susan Collins Criticized for Downplaying Mueller Report as ‘Unflattering Portrayal’ of Trump
(DBN)

The Democratic Party is cracking down on candidates who hope to be the next Alexandria Ocasio-Cortez, and progressives are fighting back
(DBN)

A Portrait of This White House in 446 Pages • Romney Sickened by the Mueller Report Facts • Huckabee Sickened by Romney • Now Trump Lashes Out at Romney
(DBN)

Sarah Sanders Doubles Down on Her Lies • Sarah Huckabee Sanders Accuses Media of Anti-Liar Bias :)
(DBN)

Retiring French Ambassador: Trump is right about trade. Kushner is “extremely smart” but has “no guts.” And John Bolton’s not so bad, actually • Trump is ‘uninformed’ but also ‘right’ on China and trade, says departing French ambassador
(DBN)

Trump fires back at Romney after his scathing Mueller report comments
(DBN)

Biden hires over a dozen senior advisors from Obama administration for 2020 campaign: Sources
(DBN)

Beto's Top Advisor Leaves His Campaign
(DBN)

Sen. Bernie Sanders is making Democrats nervous. But some supporters say it’s not because he can’t win in 2020. It’s because he can
(DBN)

Warren becomes first 2020 presidential candidate to call for Trump impeachment •Five things to know about impeachment • How 2020 Democrats have responded to the Mueller report • George Conway calls for Trump impeachment • Cummings says Trump will be "emboldened" if Democrats "do nothing" after Mueller report • House Judiciary Chairman Nadler says obstruction evidence against Trump ‘impeachable’ if proven • Democrats will meet in the next few weeks to discuss impeachment, Rep. Adam Schiff says • Goose and Gander? These Senate Republicans voted to oust Bill Clinton for doing what Mueller says Trump did • Impeachment would be a terrible thing for our country. We have another option.
(DBN)

World leaders including Pope Francis, Donald Trump, and Barack Obama offered their support after Easter Sunday bombings in Sri Lanka claimed hundreds of lives • Sri Lanka Easter bombings: At least 207 people killed after churches and luxury hotels targeted • Nearly 500 Others Hospitalized • Fresh arrests as Sri Lanka Easter attack toll hits 290 • At least 290 people were killed in the Sri Lanka bombings on churches and hotels, and extremist Islamists may be to blame • Trump tweets, then deletes, grossly overstated death toll in Sri Lanka church explosions • Several Americans killed in Sri Lanka attacks, Pompeo says, blaming 'radical terrorists' • Blasts hit three churches and three hotels in Sri Lanka on Easter Sunday • A Fragile Peace Is Shattered in Sri Lanka • Sri Lanka's long, tragic history of violence • For Christians in Sri Lanka, violence is at once old and new • Sri Lanka Authorities Were Warned Weeks Before Attack • Sri Lanka: A Bid to Revive Global Holy War • Sri Lanka says attacks carried out by suicide bombers, international network involved
(DBN)

College students' 2020 picks don't differ much from older generations
(DBN)

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Pharma:

Drugmakers Start Revealing Their Prices
(DBN)

Federal judge scolds Purdue, Endo and Mallinckrodt for stall tactics in opioids case
(DBN)

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Healthcare:

Rural Mississippi hospital at crossroads with new owners
(DBN)

Mississippi hospitals and owner seek bankruptcy, to be sold
(DBN)

How "Medicare for All" would affect hospitals
(DBN)

Over 1 Million Have Lost Insurance Since 2016
(DBN)

Law lets some hospitals seize tax refunds
(DBN)

Jewish nurses debunk anti-vaxxer misinformation as measles spreads in NYC ultra-Orthodox community
(DBN)

GOP Lawmaker: Rural nurses don’t deserve breaks, they probably just sit around and ‘play cards’
(DBN)

More Americans under the age of 40 are having heart attacks
(DBN)

Medicare for All is dragging down health-care stocks and there could be more pain ahead
(DBN)

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Hotels:

Rip Van Dam Hotel group files for bankruptcy protection
(DBN)

Hotels: Occupancy Rate Increased Year-over-year
(DBN)

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Student Debt:

An unpaid $1,250 student loan can become thousands more and land you in federal court
(DBN)

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Food/Beverage:

Uncle Maddio's files bankruptcy with millions in liabilities
(DBN)

America's Biggest Supermarket Company Struggles with Online Grocery Upheaval
(DBN)

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Economy:

Retirees Still Working Doubled Since 1985
(DBN)

23% Of Americans Save No Money From Their Paycheck
(DBN)

BLS: Unemployment Rates at New Series Lows in North Dakota, Kentucky, Pennsylvania and Vermont
(DBN)

The Fed is in worse shape than the economy as post-crisis expansion reaches a decade
(DBN)

GOP is attacking socialism, but Trump’s Fed pick Moore pits capitalism against democracy
(DBN)

The corruption of laissez-faire capitalism
(DBN)

BlackRock’s Larry Fink says there are no signs of global recession in the next 12 months
(DBN)

Economic turmoil outside the U.S. means the dollar is headed to all-time highs • The dollar is too strong for U.S. companies
(DBN)

Earnings and data could be proof that slowdown fears were overblown
(DBN)

Gig-economy workers like Uber and Lyft drivers may be skewing low unemployment numbers
(DBN)

Capitalism in crisis: U.S. billionaires worry about the survival of the system that made them rich
(DBN)

Q1 GDP Forecasts: Around 2%
(DBN)

Migration to the West and South Slows
(DBN)

Companies warn Trump: Census citizenship question could be costly
(DBN)

New college graduates enjoy the best job market in years with more offers and better salaries
(DBN)

China Isn’t Cheating on Trade • Those Appliance Tariffs Slamming Consumers • Trade Deals Help Corporations, Not People
(DBN)

A growing nation of immigrants
(DBN)

Immigrants Were Half of US Growth in 2018
(DBN)

Here are the fastest growing and shrinking counties in America
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Housing Starts Decreased to 1.139 Million Annual Rate in March • Comments on February Housing Starts
(DBN)

Mortgage rates tick up, but applications still hit a 9-year high
(DBN)

Who’s Really Buying Property in San Francisco?
(DBN)

South Florida timeshare exit firms file Chapter 11 amid lawsuits
(DBN)

California's Unfixable Housing Mess
(DBN)

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Municipalities:

New Census Data Shows Puerto Rico Lost 4% Of Population After Hurricane Maria
(DBN)

Puerto Rico Is The Best Argument For The Green New Deal
(DBN)

Flint residents can sue federal government, judge rules
(DBN)

3 years after bankruptcy, just pieces remain of DevelopErie
(DBN)

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Oil/Gas:

US to End Iranian Oil Waivers • Oil prices spike on Trump plans to end Iran oil sanctions waivers • US will try to force Iranian oil exports to zero • Oil hits a 2019 high on the US plan to tighten squeeze on Iran
(DBN)

9 Years Later the BP Gulf Spill Isn't Gone
(DBN)

Is the Permian Played Out?
(DBN)

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Fraud:

Loughlin, Husband Win IRS Audit for Fraud
(DBN)

Students of the College Admission Scandals
(DBN)

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Cannabis:

Most 2020 Democratic presidential candidates agree on recreational marijuana: Legalize it
(DBN)

Survey: Gen Z twice as likely to use marijuana than national average
(DBN)

Trump administration says immigrants working in legal marijuana industry lack 'moral character' for citizenship
(DBN)

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Education:

It costs almost $76,000 a year to go to Yale—but here’s how much students actually pay
(DBN)

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Celebs:

‘American Chopper’ Star Paul Teutul Sr. Accused of Blowing Off Bankruptcy, Risks Case Being Dismissed • 'American Chopper' Star Paul Teutul Bankruptcy Case Turns Into Nightmare As Trustee Requests To Dismiss Case
(DBN)

Red Red Wine? I didn't even have furniture after UB40 split left me bankrupt, says drummer Jimmy Bro
(DBN)

Why these 3 pro athletes who earn millions of dollars still drive cheaper cars
(DBN)

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Electricity:

PG&E ratepayers must have a voice in the company’s bankruptcy proceedings
(DBN)

City of San Francisco wants stay lifted in supply dispute with PG&E utility
(DBN)

FirstEnergy Solutions revamps bankruptcy plan following court criticisms • FirstEnergy Solutions files new bankruptcy plan
(DBN)

Future of New Haven's defunct English Station power plant unclear
(DBN)

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Dog Racing:

Troubled indoor dog park files for bankruptcy
(DBN)

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Awards:

FTI Consulting's Robert Del Genio Named to Turnarounds & Workouts People to Watch List
(DBN)

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Cannabis:

Why millennials prefer cannabis to booze
(DBN)

Top execs at American weed retailer MedMen quit amid ex-CFO’s claims of financial duress
(DBN)

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Hedge Funds:

‘For a while there, we forgot that our main job was to make money’, said Bill Ackman — Now his hedge fund’s up 40% in 2019
(DBN)

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Festivals:

Fyre documentaries on Hulu & Netflix complicate the festival’s bankruptcy case—potential subpoena is afoot
(DBN)

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Crypto:

Mining company files bankruptcy and reveals interesting creditors
(DBN)

Mt. Gox rehabilitation update: Users could get a portion of their Bitcoins back
(DBN)

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Coal:

Judge delays Trumps Order to open Fed Lands to Coal Mining
(DBN)

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Mass Torts:

J&J Tries to Use Supplier’s Bankruptcy to Gather Talc Suits
(DBN)

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Lehman:

Lehman Bros., a family saga, as viewed by some who lived it
(DBN)

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Bankruptcy Crimes:

Gary Frank, ex-board member of Philadelphia Orchestra, pleads guilty to fraud, money laundering
(DBN)

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Advertising:

Marketing cloud startup Zeta Global is acquiring the assets of bankrupt ad-tech firm Sizmek to help marketers run campaigns with first-party data
(DBN)

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Debt Collection:

CFPB Debt Collection Rule Could Bring Sigh of Relief for Industry
(DBN)

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Religion:

Abuse Victims Call for ‘Holy Week’ Atonement by the Catholic Church
(DBN)

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Infrastructure:

Interstate System Failing with No Fix in Sight
(DBN)

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New Bankruptcy Opinions
(8 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (16 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (12 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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Litigation:

Tackling A Deadline
(DBN)

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Executory Contracts:

Sold or Rejected? To Be or Not to Be � Executory
(DBN)

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Miscellaneous:

Chapter 11 Review
(DBN)

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D&O:

D&O Insurance: Warranty Exclusion Precludes Coverage Due to Application Misrepresentation
(DBN)

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Autos:

Tesla to trim ‘Musk friendly’ board amid SEC fight
(DBN)

New indictment expands case against Nissan ex-chair Ghosn
(DBN)

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Aviation:

'I never plan to fly on it': Workers reportedly recount poor practices at a Boeing factory in South Carolina that could spell trouble for Dreamliner plane • Boeing’s Dreamliner jet is now facing claims of manufacturing issues
(DBN)

737 troubles have Boeing reeling, but Seattle carries on
(DBN)

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Aerospace:

Video appears to show SpaceX's new spaceship for NASA exploding during a safety test
(DBN)

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Retailing:

Sears Lawsuit Alleges Billions in Assets Were Transferred to Ex-CEO & Shareholders Ahead of Bankruptcy
(DBN)

Sears hoping DieHard can power sales of everything from garden tools to camping gear
(DBN)

Shopko Bankruptcy Means Some Rural Towns Lose Their Only Pharmacy • 5 things consumers should know now that optical will survive company's bankruptcy
(DBN)

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Taxis:

Long hours, isolating loneliness, and confusing fees: Uber drivers in Washington D.C. are struggling to make ends meet
(DBN)

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Football:

Fledgling football league leaves $3.2M in Arizona debt with bankruptcy filing
(DBN)

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Personal Finance:

7 things that financially savvy people always make sure they spend more money on
(DBN)

7 quirky ways the super rich save money
(DBN)

There's a simple rule to determine whether investing while paying off student loan debt is a smart move, according to the experts
(DBN)

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Climate:

EPA Advisors: What's Wrong with Smog?
(DBN)

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UK:

Half of England Owned by Less Than the 1%
(DBN)

Struggling UK retailers turn to the CVA escape route
(DBN)

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PIIGS:

Italy's 'perma-recession' could trigger a €2 trillion financial crisis that threatens the eurozone itself
(DBN)

Mussolini's great-grandson runs for a seat in the European Parliament
(DBN)

Greece to Ask Germany for War Reparations
(DBN)

ie: US bankruptcy trustee to call Dunne and Killilea at May trial
(DBN)

O'Reilly makes fresh bid for US recognition of bankruptcy
(DBN)

Syriza Will Pay Overdue Pensioners Only Partial Lump Sum
(DBN)

Tsipras planning handouts ahead of May elections
(DBN)

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Canada:

'Cold comfort': Ottawa's plans to protect pensions not good enough ...
(DBN)

Nova Scotia wants to force ServiCom into bankruptcy
(DBN)

'Maxed out': 48% of Canadians on brink of insolvency, survey says
(DBN)

MNP Consumer Debt Index drops 4 points underscoring Canadians’ deteriorating financial situation
(DBN)

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China:

CIA: Huawei is Funded by China's Military
(DBN)

Debt crisis at China’s JPMorgan wannabe deepens on $800 million bond defaults
(DBN)

Bond Defaulter's Troubles Deepen as Creditors Circle
(DBN)

Debt-Ridden Investment Firm Hit With $800 Million Cross Default • CMIG hit by additional USD 800 million of cross defaults
(DBN)

China will keep supporting economy as ‘pressure’ lingers, says top decision-making body
(DBN)

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France:

Restructuring - Do creditors have the odds in their favor?
(DBN)

Notre Dame spokesperson: $1B raised still may not cover rebuilding • Yellow vest anger burns in France, fueled by Notre Dame fire
(DBN)

Tereos Still Searching For Wider Funding: Sources
(DBN)

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Brazil:

Avianca Brazil Aircraft Repossessions Continue
(DBN)

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Singapore:

SM Investments terminates Hyflux rescue deal, both parties suing each other • Investor group to sue Hyflux for breaching agreement terms • Hyflux Struggles To Settle Debts, SMI To Sue, Maybank Cancels • "Credible plan" on the table for Hyflux to avoid liquidation: Sias • Hyflux to seek 3-month extension of debt moratorium ahead of key Apr 30 deadline
(DBN)

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Venezuela:

Venezuelan opposition prepared to pay US$ 71 million bond interests to save Citgo from seizure by creditors
(DBN)

Russia Says It Received Debt Payment From Venezuela on Time
(DBN)

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South Africa:

Government forced to give Eskom emergency bailout
(DBN)

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India:

Bankruptcy proceedings threat complicates matters for lenders' Jet Airways rescue efforts • Jet Airways crisis: Lenders keen on resolution outside insolvency law framework in case bidding process fails • Jet Airways: The perils of deboarding without the IBC parachute • Jet Airways Faces Bankruptcy Threat From Service Provider For Non-payment of Dues • Jet Airways crisis: Lenders working on non-IBC resolution if stake sale fails to take off • Jet situation: Lenders keen on non-IBC resolution in case bidding process fails • Jet Airways crisis: CEO Vinay Dube says Arun Jaitley promised to look into debt-ridden airline's issues • Tatas may be waiting in the wings to buy Jet Airways
(DBN)

How India's economy is growing at a faster pace than China
(DBN)

Centre mulls plugging gaps in bankruptcy law
(DBN)

Irregularities found in companies under IBC
(DBN)

The Resurgence of Schemes of Arrangement in Insolvency and Liquidation
(DBN)

For now, Jaypee lenders unlikely to entertain possible Adani bid
(DBN)

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Ukraine:

Comedian Volodymyr Zelensky unseats incumbent in Ukraine's presidential election, exit poll shows • Comedian known for playing president on TV wins Ukrainian election
(DBN)

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South Korea:

Asiana Airlines to scrap some money-losing air routes
(DBN)

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