April 4, 2019

The Daily Bankruptcy News

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Law:

Jones Day Accused by Female Lawyers of Sex Bias, Unequal Pay • ‘Jones Day Is a Fraternity Led by One Man’: Law Firm with Deep Trump Admin Ties Faces Discrimination Suit • Associates Assail 'Fraternity Culture' at Jones Day in $200M Sex Bias Suit
(DBN)

Jones Day adds Business Restructuring & Reorganization partner Joshua K. Brody to New York Office
(DBN)

Law Firms Weigh Retirement Rules as Baby Boomers Keep Practicing
(DBN)

5 Professional Lifestyle Tips For The New Lawyer’s First 5 Years Of Practice
(DBN)

‘You Should Commit Suicide’ Not An Acceptable Settlement Strategy
(DBN)

Under New Firmwide MP, Baker Botts Promotes Younger Office Leaders
(DBN)

Chicago Mayor-Elect Lori Lightfoot Eyes Tax on Past Employer: Big Law - "Hundreds of Millions of Dollars of New Revenue"
(DBN)

Yale Student Shows That Fraud Doesn’t Need To Stop Once You Get Into An Ivy League School
(DBN)

How Networking Changes (For The Better) When You Become A Lawyer Mom
(DBN)

Texas Senate Passes Religious Liberty Bill to Shield Lawyers Who Reject LGBTQ Clients • TX: Senate Approves Religious Intolerance Bill
(DBN)

House Democrats authorize subpoena for the Mueller report, teeing up an unprecedented legal battle with the DOJ • AG Barr didn’t do justice to Mueller report, officials tell the New York Times • Mueller investigators reportedly say findings are more damaging to Trump than Barr has let on • House Judiciary authorizes subpoenas for 5 former White House officials • The fight for the Mueller report could get ugly fast • Mueller’s Obstruction Conundrum: The Choice Not To Prosecute Trump • Rudy Giuliani Seems to Agree That Congress Reading the Full Mueller Report Is 'Dangerous' • How Might a House Subpoena of the Mueller Report Pan Out? We Can Once Again Look to Watergate • Road Map to Impeachment Proceedings? What Watergate Can Teach Us About Unsealing the Mueller Report • House panel seeks to question Melania Trump's former adviser Wolkoff
(DBN)

Feds Actively Investigating Whether Chinese Gov't Has Been Spying on Trump at Mar-a-Lago
(DBN)

House Democrats ask IRS to turn over 6 years of Trump’s tax returns
(DBN)

Police investigating "white power" symbol found after social justice center burned down
(DBN)

Trump isn’t getting rid of immigration judges — but his administration is still making it harder to seek asylum
(DBN)

Marine General Leaks Memo Questioning Border Plan
(DBN)

Lawyer who blamed sleep apnea for case inaction faces 3-year suspension
(DBN)

Judge Denies Unvaccinated Teen's Demand to Return to School
(DBN)

Alabama's Medieval Prisons
(DBN)

Assorted Stupidity #122
(DBN)

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Judges:

BK SD FL: Courthouse Beacon Newsletter
(DBN)

‘First’ Syndrome: Sandra Day O’Connor And Progress For Women
(DBN)

Ohio Judge Reprimanded for Hearing Cases He Once Litigated
(DBN)

How the ABA judicial ratings lost their luster
(DBN)

3 months into the job, Texas judge accidentally resigns
(DBN)

Is Kavanaugh as conservative as expected?
(DBN)

Senate GOP dramatically cuts debate time for Trump nominees
(DBN)

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Wall Street:

US stock futures stall amid ongoing US-China trade talks
(DBN)

US stocks higher at close of trade
(DBN)

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Layoffs:

Jobs of the future: Learning to tackle what robots can't
(DBN)

Hahnemann University Hospital announces 175 layoffs. CEO describes shaky financial condition
(DBN)

Tuscaloosa auto supplier laying off 118
(DBN)

Ryder to shutter Moreno Valley distribution center and lay off 145
(DBN)

Wyoming coal mines lost 153 jobs last year
(DBN)

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Retailing:

Online shopping is officially king, signaling a tipping point in the retail apocalypse
(DBN)

Lampert's Sears Shenanigans Continue: Benefits Cut, Empty Shelves And Spooked Employees
(DBN)

Sears going 'back to the future' to win shoppers back after bankruptcy
(DBN)

Sears to set to open first batch of smaller stores
(DBN)

Toy Retailer Creative Kidstuff Is Closing • ‘The Best Kids Store There Is’: Customers, Staff Say Goodbye To Creative Kidstuff After 38 Years
(DBN)

Weak Sales at ‘B’ Malls, Store Closures Gives Fitch Ratings the Jitters
(DBN)

Why CBL & Associates Properties Stock Plunged 27.6% in March
(DBN)

Bankrupt retailer Payless wants more time to decide fate of store leases
(DBN)

Office Depot's stock tumbles 7.2% premarket after preliminary Q1 results
(DBN)

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Taxis:

Traders are already mounting a $455 million bet against Lyft, now the most expensive US stock to short
(DBN)

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Radio:

Radio broadcaster iHeartMedia files for IPO in bid to exit bankruptcy • A Post-Bankruptcy iHeart IPO Is In The Works • What Bankruptcy? iHeartMedia Discreetly Files for IPO
(DBN)

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Electricity:

Cravath Has Already Collected $75.7M in PG&E Bankruptcy
(DBN)

Safety report: PG&E still takes 'reactive' approach to wildfire risks
(DBN)

PG&E names TVA's William Johnson as CEO, reshuffles board • PG&E shakes up leadership in deal brokered by hedge funds. Gov. Gavin Newsom isn’t pleased • PG&E Reveals New C.E.O. and a Revamped Board of Directors • Factbox: Who are PG&E's new directors?
(DBN)

The Proposed PG&E Plan Has Serious Problems
(DBN)

California eyes risk pool as it struggles with costly fires
(DBN)

Do voters want San Francisco to buy PG&E’s infrastructure? It seems most do
(DBN)

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Hotels:

Bankruptcy judge sets bid hearing for Cobblestone
(DBN)

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Food/Beverage:

When did America’s heart turn cold on buffet chains?
(DBN)

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Agribusiness:

Farm Credit Strong Despite Ag Headwinds
(DBN)

Farm income in Minnesota fell 8 percent last year, worst year since early 1980s
(DBN)

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Pharma:

Congress moves forward on prescription drug bills
(DBN)

Generic drugs aren't always favored by insurers
(DBN)

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Football:

AAF Closes Shop And Leaves Litigation Over Ownership In Limbo
(DBN)

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Economy:

We just got another sign the job market may be slowing down • "Job market is weakening": Private payroll job growth hits 18-month low • Payrolls post another disappointing month in March as job market keeps slowing • ADP: Private Employment increased 129,000 in March
(DBN)

Service side of economy grows at slowest pace in 19 months, but firms still ‘optimistic’, ISM finds • ISM Non-Manufacturing Index decreased to 56.1% in March
(DBN)

JPMorgan's Jamie Dimon: "The American dream is alive — but fraying"
(DBN)

IMF Blames Trump Policies for Global Slump
(DBN)

Biggest Challenge is Demographic Decline
(DBN)

Merrill: March Employment Report Forecast
(DBN)

New Job Hires Hit 18 Month Low
(DBN)

Risky Company Debt Is Getting Riskier
(DBN)

The 25 US cities where the most millennials still live with their parents, ranked
(DBN)

2 maps that show how every state's economy would suffer if Trump shuts down the US-Mexico border • Trump's border bottom line • White House: Trump would let trucks cross Mexican border if it closes • CPB to Close Cargo Lanes at El Paso Border
(DBN)

Fed’s low rates reduce inequality by providing jobs to millions, writes Pedro da Costa
(DBN)

Trump still livid with Fed despite central bank’s dovish policy shift
(DBN)

President Trump to nominate Michelle Bowman for a full term on Fed board
(DBN)

Trump admin moving "shortly" to block H-4 visa holders from working
(DBN)

Top Democrat's proposed tax on unrealized capital gains would be devastating for financial markets
(DBN)

IBM artificial intelligence can predict with 95% accuracy if you plan to quit your job
(DBN)

Trump to meet with China’s Vice Premier as the US closes in on a deal to end the trade war • Trump ‘likely’ to announce summit plans at meeting with China’s vice premier • Keep an Eye on Trump's Other Trade War • Aluminum CEOs: US Tariffs are Bad Policy • China admits for the first time that US officials 'have a point' on IP theft and hacking, Larry Kudlow says
(DBN)

US Builders, Farmers Need More Immigrant Workers
(DBN)

This map shows how much money a single person needs to earn to get by in every US state
(DBN)

At our current pace it'll take 80 years to repair all the structurally deficient bridges in the US, a report finds
(DBN)

J.P. Morgan's Dimon: The threat of cyber security may be the biggest threat to the U.S. financial system
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Avoiding Mortgages: What Happens When A Stranger to The Transaction Files a Discharge in Error?
(DBN)

Managing the Inevitable Real Estate/Hospitality Down Cycle
(DBN)

"Low Mortgage Rates Had a Big Impact, But Now They're Moving Back Up"
(DBN)

Mortgage Applications Increased Sharply in Latest Weekly Survey • Weekly mortgage refinances spike 39% after huge rate drop
(DBN)

Mall Vacancy Rate Increased in Q1 2019
(DBN)

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Municipalities:

The First Circuit Court of Appeals Ruling on ‘Assured’ Should be Reheard or Reversed; Recent Ruling Sends a Harsh Message to Municipal Bond Market
(DBN)

Ad Hoc Group Of General Obligation Bondholders Of Puerto Rico Seeks Disallowance Of Bonds Of The Public Buildings Authority And Certain General Obligation Bonds
(DBN)

Puerto Rico oversight board may seek money back from bondholders
(DBN)

A push to cancel Puerto Rico debt
(DBN)

McConnell caught between Trump, GOP on disaster relief
(DBN)

Puerto Rico is still in distress long after Hurricane Maria
(DBN)

FactCheck: "Puerto Rico got 91 Billion Dollars for the hurricane, more money than has ever been gotten for a hurricane before."
(DBN)

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Oil/Gas:

Jones Energy: Pit stop needed at bankruptcy court
(DBN)

Buyout Debt Threatens Apollo’s Big Shale Bet
(DBN)

Shale Is In A Deep State Of Flux
(DBN)

California's Oil Industry Collapses Despite Shale Boom
(DBN)

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Personal Finance:

5 all-too-common myths about taxes people refuse to stop believing
(DBN)

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Religion:

Abuse trial of fugitive priest tests federal reach
(DBN)

Lincoln Diocese names 9 priests accused of abuse
(DBN)

Nearly 300 priests and clergy in Texas accused of sex abuse over decades
(DBN)

Vatican upholds Guam archbishop's conviction on abuse charges
(DBN)

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Fraud:

Willkie's Gordon Caplan Appears in Court to Face College Admissions Charges
(DBN)

First Parent To Plead Guilty In Admission Scandal
(DBN)

Huffman, Loughlin Warned to Stay Silent
(DBN)

Timeline: The major developments in the latest college admissions scandal
(DBN)

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Transit:

Bike Sharing Has Descended Into A Horrible Game Of Chicken
(DBN)

Ofo Battles Bankruptcy Rumors
(DBN)

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Autos:

Ex-Nissan chief Ghosn arrested again in financial misconduct case • Carlos Ghosn criticizes 'outrageous and arbitrary' detention after fresh arrest
(DBN)

Wall Street analysts say Tesla's first-quarter deliveries were 'substantially worse' than expected • Tesla shares tank after Q1 shipments fall short and the automaker warns on income
(DBN)

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Private Equity:

When Buyout Firms Step in, Watch Out
(DBN)

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Aviation:

Reader Beware! You Need An Interpreter To Really Understand Top 10 Lists Of Airlines
(DBN)

Boeing’s 737 MAX flight-control system is blamed for Ethiopian crash in initial findings • Ethiopia report calls on Boeing to confirm control issues are fixed before 737 Max 8 flies again
(DBN)

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Tech:

Cloud Services: Fusion Connect Says Chapter 11 Bankruptcy Possible
(DBN)

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Auto Racing:

Bondurant Racing School sold to investor group
(DBN)

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Climate:

Midwest Floods Take Out Roads, Rail Lines
(DBN)

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New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (13 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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Trustees:

BK ND NY Seeks Ch. 7 Trustee • Ch. 7 Trustees Sought In NY, CT and VA
(DBN)

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Avoidance Actions:

Stanford Ponzi Scheme Ruling Limits Defenses to Fraudulent Transfer Actions
(DBN)

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Bankruptcy Reform:

New Chapter 12 Bill Would Provide Debt Relief to More Family Farmers
(DBN)

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UCC:

Must You Attach to Perfect?
(DBN)

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Bankruptcy Theory:

A Structured-Renegotiation Theory of Corporate Bankruptcy
(DBN)

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Litigation:

The New Tool Investment Bankers are Suggesting to Financially Distressed Corporate Clients
(DBN)

What Does The Future Hold For Litigation Finance? The 2019 Survey Report
(DBN)

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Recent Pleadings:

SunEdison Sues Orrick In $2.2M Preference/Fraudulent Transfer Action
(DBN)

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Politics:

Trump claimed wind turbines cause cancer, reigniting a long-running hate campaign against wind power with a weird conspiracy theory • Spokesperson: “I really don’t have information on that right now” • Trump’s long history of pushing wild misinformation about wind turbines
(DBN)

5 Strangest Moments of Trump Speech
(DBN)

Trump Losing Support for His Handling of the Economy
(DBN)

Elizabeth Warren: CEOs should "face jail time for overseeing massive scams"
(DBN)

Beto O'Rourke announces massive $9.4 million fundraising haul — bringing in the most money per day of any Democratic candidate • Beto O’Rourke Tops Democratic Field in Daily Donations
(DBN)

Joe Biden: 3 more women say his behavior made them feel uncomfortable • The snap decision society • Trump Jr. Shares Meme Video of Biden Touching Himself • Biden says he’ll be ‘more mindful’ about personal space after a number of complaints
(DBN)

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Healthcare:

Health Care at the Forefront of 2020 Campaign
(DBN)

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UK:

Directors Beware: UK Court of Appeal Ruling Clarifies Creditors’ Abilities to Challenge
(DBN)

UK Court of Appeal: Creditors Can Seek to Reverse Lawful Dividend Payments
(DBN)

UK Court of Appeal: When to Trigger the Creditor Duty Shift
(DBN)

Universities are overestimating on student recruitment, watchdog warns as bankruptcy fears loom
(DBN)

Brexit chaos spurs record flows to sterling-hedged funds • UK: No Deal Brexit Law Passes
(DBN)

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EU:

German manufacturing implosion sends Europe stocks lower • German manufacturing orders collapsed in February
(DBN)

Why an EU slowdown poses a bigger risk to stock market than China trade
(DBN)

French Services Sector Slips Back Into Contraction
(DBN)

The Local Law Advantage in the Euro Area: How Much of a Constraint are the Existing CACs?
(DBN)

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PIIGS:

Greece Clears Hurdle for Debt-Relief Cash With EU Commission Nod
(DBN)

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Canada:

Bankrupt company ordered to remove Minas Basin tidal turbine • Nova Scotia Pulls Plug On Financially Troubled Tidal Power Project
(DBN)

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MENA:

Pakistan: Our debts are so big, we are near bankruptcy
(DBN)

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India:

RBI reduced to a toothless regulator with no power over cronyism • SC ruling may mot have big impact, but may slow down resolution • SC order impact: RBI may revise framework for debt resolution • SC order on February 12 circular: Do not expect much disruption, say bankers • Govt, RBI will have to bring new rules: Amitabh Kant on SC order on NPA circular • Will good old days be back for big bad loans? • India's central bank will issue fresh circular on bad debt resolution: governor
(DBN)

Nearly all assets owned by IL&FS’s lending arm have turned bad
(DBN)

A US request to extradite Nirav Modi may send him back to India instead • US invoking RICO Act likely to force Nirav Modi back to India
(DBN)

Reserve Bank of India cuts rates, citing 'sluggish' domestic growth, global headwinds
(DBN)

Jet Airways may not be able to operate beyond April if funds not infused immediately • EY selected to conduct audit on Jet Airways for creditors consortium • Avolon seeks to de-register two planes leased to Jet Airways, woes deepen for airline
(DBN)

Beer king Vijay Mallya may have to curb his $24000-a-week life
(DBN)

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Brazil:

Bankrupt Avianca Brasil lures Gol, LATAM bids, Azul role uncertain
(DBN)

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Venezuela:

Kudlow says working on rescue, restructuring plan for Venezuela
(DBN)

Russia Slams U.S. on Venezuela: You Have Bases All Over
(DBN)

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China:

Bankruptcy Run in Wealthy China Province Spooks Creditors
(DBN)

Coffee startup Luckin employs 'asset-light' model
(DBN)

China’s construction binge spreads to Americas, rattles US
(DBN)

______________

Malaysia:

Govt does not intend to amend Bankruptcy Act
(DBN)

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Pakistan:

Only options — go bankrupt or get IMF plan: Annual growth going to go down
(DBN)

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Singapore:

Hyflux Scraps Its Restructuring Plan After Spats With Investors • Hyflux tells investors that it can give “no assurance” that it can secure another rescue deal now that Salim-Medco has walked away
(DBN)

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