April 5, 2019

The Daily Bankruptcy News

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Law:

Would millennial lawyers trade pay for better work-life balance? A significant percentage say yes
(DBN)

Ex-Big Law Partner Lori Lightfoot Floated Firm Tax for Chicago • Former Biglaw Partner Is The First Black Woman To Be Elected As Chicago’s Mayor
(DBN)

Paul, Weiss fails to kill female associate's £136 million discrimination claim
(DBN)

Levenfeld Pearlstein Grows with Addition of Banking & Restructuring Partner Harold Israel
(DBN)

How Women Leaders Bridged the Atlantic and Created a Mega Firm
(DBN)

In-house lawyers complain of firms baffling them with waffle
(DBN)

Restructuring Lawyer Kristin Wigness Joins McGuireWoods' New York Office
(DBN)

Millennial Lawyers Want Partnership on Different Terms, Survey Finds • Millennial lawyers say business model broken
(DBN)

Large Texas Firms Lag in Revenue Growth, But Improve Profits Anyway
(DBN)

Female lawyers describe ‘fraternity culture’ at Jones Day in $200M sex-bias lawsuit • Jones Day Facing Second Class-Action Lawsuit Over ‘Fraternity Culture’ Of The Firm • 'Someone Has to Speak Up': Lawyers Suing Jones Day Say Career Risk Is Worth It
(DBN)

Millennial Women See Sexism at Their Law Firms, Male Peers Don’t
(DBN)

California Lawmakers Planning To Scrutinize Lack Of Diversity In State’s Legal System
(DBN)

EY Eyes More Acquisitions of Legal Services in Global Push
(DBN)

What About A De Minimis Cost Exception To Unauthorized Practice Of Law?
(DBN)

Ex Post Facto… Not A Good Time For Edits
(DBN)

What 'Hamilton' Can Teach Attorneys About Business Development
(DBN)

When Cravath Is A Footnote In Your Biography
(DBN)

Trump fumes at New York Times over Mueller report • Justice Department defends Barr's summary of Mueller report • Trump Allies Change Their Tune on Rod Rosenstein • Mueller's Russian-Trolls Case Could Expose U.S. Secrets to the World • Senate Republicans block resolution to release Mueller report for 5th time • Dem Rep Suggests Barr May Have 'Obstructed Justice' • Rand Paul Says He Won't Approve Release of Mueller Report Until He Gets Info on Steele Dossier • Rudy Giuliani's New Take on Rod Rosenstein Is Amazingly Disingenuous • Michael Cohen says he’s unearthed more Trump documents, asks lawmakers to help delay his prison term • Michael Cohen says he's found an old hard drive with 14 million files of potentially damaging evidence on Trump • Michael Cohen's attorney says testimony spurred more investigations • Barr defends his summary of Mueller investigation, and his delay in releasing full report • 4 Revelations from Ex-Trump Lawyer’s Eye Opening Interview About Mueller Probe
(DBN)

‘Dozens’ of Whistle-Blowers Are Secretly Cooperating With House Democrats
(DBN)

House sues to block Trump's national emergency
(DBN)

The intriguing reason Democrats used to demand Trump’s tax returns • Trump wanted McConnell to prioritize his IRS chief counsel pick • Trump reportedly wanted to fast-track his IRS chief counsel's nomination and prioritized it over his attorney general • Tax-return fight tests Mnuchin's loyalty to Trump • What’s in Trump’s Tax Returns? Maybe Nothing But ‘Fool’s Gold’
(DBN)

Bank tells House Democrats to issue subpoena if they want Trump financial documents
(DBN)

N.Y. Lawyer Gets Four-Month Suspension for Aggressive Behavior
(DBN)

George Conway Dishes Out Devastating Burn in Response to Avenatti’s Tweet About the ‘Powerful’
(DBN)

Jeff Bezos and MacKenzie Bezos have finalized their divorce agreement, and he's getting 75% of the Amazon shares and voting control of the rest
(DBN)

Allen & Overy solicitor referred to SDT over 'incredibly distressing' Harvey Weinstein NDA
(DBN)

Chicago to file civil suit against Jussie Smollett to reimburse cost of investigation
(DBN)

Lindsey Graham Is Writing A Bill To Take Guns Away From People Deemed Dangerous • House votes to expand gun control for domestic abusers
(DBN)

UK: US firm asks for Oxbridge grads only
(DBN)

Firm exiles women for wrecking restrooms
(DBN)

Lawyer suspended for telling tenant he is worthless and should commit suicide
(DBN)

Alabama men’s prisons are so unsafe they likely violate the Eighth Amendment, DOJ says
(DBN)

Above The Law’s 11th Annual Law Revue Video Contest
(DBN)

Man admits ghost did not plant meth in home
(DBN)

Convicted bank robber busted in another theft -- with new face
(DBN)

High Court to Prosecutors: Don't Use a Lion-Eats-Baby Video to Push for Sentence
(DBN)

Manhattan DA Reportedly Spent Nearly $250K in Forfeiture Money on Travel and Food
(DBN)

23-year-old man pretended to be long-missing Illinois boy, police say • FBI: DNA Proves Person Who Claimed to Be Missing Boy Timothy Pitzen Is Someone Else
(DBN)

FBI Director: White Supremacist Violence Poses a ‘Pervasive’ and ‘Persistent’ Threat in U.S.
(DBN)

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Judges:

On the Bench: U.S. Bankruptcy Judge Jerry Funk
(DBN)

A Review of Stacy G.C. Jernigan, He Watches All My Paths (2019)
(DBN)

Ninth Circuit Nominees Advance Over Democrat Objections
(DBN)

Senate GOP invokes ‘nuclear option’ to speed confirmation of federal district judges
(DBN)

Federal Judge Accuses Conservative Colleagues of Inviting ‘Tyranny’ by Upholding Abortion Restrictions
(DBN)

Judge accidentally resigns on April Fools’ Day
(DBN)

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Wall Street:

U.S. stock futures rise after China's Xi says substantial progress made on trade talks
(DBN)

Stocks close mixed as critical US-China trade talks resume
(DBN)

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Layoffs:

A jobs surge, then a technological disruption
(DBN)

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Autos:

Tesla analysts are piling on after disappointing delivery numbers sent the stock plunging • Tesla Needs Capital, Tell That to Creditors • Tesla and Elon Musk are creating a credibility problem • Musk an Increasingly Bad Choice for Tesla
(DBN)

Judge orders Elon Musk and the SEC to put on their 'reasonableness pants' and work things out • Here's how Elon Musk's tussle with federal regulators went down in court
(DBN)

Workhorse Hit By Financial Setbacks, Intends To Focus On EV Vans
(DBN)

Car Loan Rates Are the Highest in a Decade. That’s a Sell Signal for Auto Stocks.
(DBN)

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Student Debt:

I paid off $40,000 of student loans in 2 years thanks to 3 smart habits
(DBN)

Debt-free college: Where the 2020 presidential candidates stand
(DBN)

Wells Fargo and other banks paid colleges so they could market accounts to students, putting them at risk of high fees
(DBN)

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Retailing:

Sears, after bankruptcy, is opening new stores for home goods • Why Sears Plans to Start Opening Stores Again
(DBN)

New Sears Pins Hopes on Boomers Buying Appliances for Their Kids
(DBN)

Navigating Uncertain Times: How retailers can outlast a bankruptcy
(DBN)

New Delaware Chapter 11 Filing – L.K. Bennett U.S.A., Inc.
(DBN)

Kay, Jared owner to shutter 150 stores
(DBN)

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Advertising:

Adtech giant Sizmek files for Chapter 11
(DBN)

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Agribusiness:

Dairy Report: Exports Drop 9%; Possible Bankruptcy Debt Limit Increase
(DBN)

Why do farmers get so little of our food dollars?
(DBN)

WH Streamlines Visas for Farm Workers
(DBN)

Tens of thousands of American farmers were forced to wait for Trump's tariff aid during the government shutdown
(DBN)

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Economy:

Job layoffs surge 35% to highest level to start a year in a decade • U.S. Layoffs Jump, But Payrolls Expected to Grow
(DBN)

Weekly Initial Unemployment Claims decreased to 202,000 • US weekly jobless claims drop to the lowest level since 1969
(DBN)

Surprisingly strong vehicle sales in March boost U.S. economic outlook
(DBN)

Goldman: March Payrolls Preview
(DBN)

March Employment Preview
(DBN)

Job creation seen rebounding in March after February freeze • Friday’s jobs report could eliminate market’s recession fears
(DBN)

What Will Cause the Next Debt Crisis?
(DBN)

Wall Street banks are trimming Treasury yield forecasts for 2019 — again
(DBN)

Jamie Dimon: ‘The social needs of far too many of our citizens are not being met’
(DBN)

IMF: Monopolistic Power Growing Around World
(DBN)

Democratic bill would require businesses to contribute to retirement plans
(DBN)

Trump says he will nominate Herman Cain to Fed in move that provokes strong reaction • Trump Wants to Name Political Loyalists to Federal Reserve Board • Trump said to pick Herman Cain for Fed as new counterweight to Powell
(DBN)

Two top Fed officials push back against economic doom and gloom
(DBN)

The Great Recession split the millennial generation down the middle, and it created 2 groups with very different financial habits
(DBN)

Why the toughest part of a U.S.-China trade deal still lies ahead • U.S.-China Trade Talks Reaching a Conclusion? • The U.S.-China Trade Talk Timeline • Trump on trade deal with China: ‘We have a ways to go, but not very far’ • ‘New consensus’ reached on US-China trade, says Chinese Vice Premier Liu He • Economist Jim O’Neill says his fears over China are at a 30-year high • Will Today's Trade Wars Lead to World War III?
(DBN)

Political climate makes expansion of free trade ‘challenging,’ WTO chief says
(DBN)

NAFTA 2.0 Faces High Hurdles in Congress
(DBN)

Trump backs down on border closure, threatens Mexico with auto tariffs • Trump backs off threat to close border, capping a week of retreats
(DBN)

Target raises its minimum wage to $13 from $12
(DBN)

In 2018, happiness among young adults in America fell to a record low
(DBN)

U.S. on pace to fall short of record-low refugee cap
(DBN)

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

US income inequality is a ‘national emergency,’ billionaire Ray Dalio says
(DBN)

Goals of ending poverty, inequality doomed without financial fix, U.N. says
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

San Francisco Chronicle: California can’t divert mortgage relief funds to pay off state debt
(DBN)

Average home listing price reaches all-time high
(DBN)

Dimon: U.S. “desperately” needs mortgage reform, claims $1 trillion in missed mortgages
(DBN)

11th Circuit Permits Borrowers to Seek Emotional Distress and Punitive Damages for Mortgage Servicer’s FCRA Violations
(DBN)

A 58-story residential skyscraper in Manhattan is reportedly tilting to the side, and there's a battle over who's to blame
(DBN)

The Five Largest CMBS Loan Losses from March 2019
(DBN)

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Municipalities:

Unable To Prove They Own Their Homes, Puerto Ricans Denied FEMA Help
(DBN)

Puerto Rico fiscal board requests avoidance claims delay
(DBN)

WH: Rebuilding Puerto Rico Efficiently and Accountably
(DBN)

Puerto Rico fiscal board request for utility creditor info again denied
(DBN)

Bondholder group seeks disallowance of Puerto Rico Public Buildings Authority, certain GO bonds
(DBN)

Puerto Rico fiscal board, Senate end their legal dispute over latter’s bank accounts
(DBN)

Yale and the Puerto Rican Debt Crisis
(DBN)

Trump Misleads on Aid to Puerto Rico
(DBN)

Judge Reinstates Ex-Michigan Gov. Rick Snyder as Defendant in Class Action Over Flint Water
(DBN)

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Oil/Gas:

World's Cheapest Natural Gas
(DBN)

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Pharma:

Aceto's sale of drug division poised for bankruptcy court OK
(DBN)

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Radio:

Why Would Anyone Invest In Post-Bankruptcy iHeartMedia? Because 'Radio Motivates Behavior' says Fred Jacobs
(DBN)

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Newspapers:

Judge OKs May deadline for Reading Eagle Company bids
(DBN)

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Pensions:

Former Oregon Gov. Wants To Reduce PERS Benefits To Offset Mounting Costs
(DBN)

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Football:

Money woes for AAF players
(DBN)

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Chemicals:

Houston arm of international chemical co. files for Chapter 7 bankruptcy
(DBN)

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Hotels:

Reorganization Plan Filed for Pittsburgh Hotel
(DBN)

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Aviation:

Boeing CEO apologizes for fatal 737 Max crashes, promises fix in a few weeks
(DBN)

Family of American woman killed in Ethiopian 737 Max crash sues Boeing
(DBN)

Boeing investigation reportedly finds new software problem on 737 Max planes
(DBN)

Bankruptcies Test One of Wall Street’s Favorite Trades
(DBN)

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Religion:

Number of people in US who have no religion has risen 266 per cent - one third of the population - in three decades
(DBN)

Vatican removes Guam archbishop after conviction of abuse
(DBN)

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Credit Reporting:

The Ninth Circuit Finds Inaccurate Credit Reporting Alone Does Not Confer Article III Standing
(DBN)

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Marketing:

CT: After 15 months, uncertainties still surround plan to exit from Chapter 11 bankruptcy by firm that got $3.5M in state loans
(DBN)

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Crypto:

Rejected Mt. Gox Victims Get Second Chance to Reclaim Lost Bitcoin
(DBN)

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New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (22 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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Constitution:

The Constitution’s Bankruptcy Clause — A Struggle for Judicial Recognition
(DBN)

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Proofs of Claim:

Wage Wars: Employee Class Actions and the Bankruptcy Proof of Claim Process
(DBN)

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Healthcare:

Arkansas hospital files for bankruptcy • Arkansas hospital owned by financially troubled owner Jorge Perez files for bankruptcy
(DBN)

Landlord doubts Senior Care Centers’ chances at survival
(DBN)

These diet habits kill more people than smoking
(DBN)

______________

Politics:

Stacey Abrams commends Joe Biden for recognizing harassment claims • Joe Biden and the Apology That Wasn't • The Biden allegations are a reminder of the small invasions women deal with every day • Joe Biden is not the best person to take on Donald Trump
(DBN)

Trump to visit California border and hold fundraiser — in a state where his approval rating is below 30%
(DBN)

Trump drops Ron Vitiello, nominee for director of ICE
(DBN)

Kushner's security clearance was denied due to concerns of foreign influence: report
(DBN)

The GOP's white man problem
(DBN)

You elected them to write new laws. They’re letting corporations do it instead.
(DBN)

Voter ID Laws Not Suppressing Minority Votes
(DBN)

Ross Refuses to Testify to Congress Over Budget
(DBN)

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Electricity:

PG&E Paid Cravath $75 Million in Year Before Bankruptcy
(DBN)

PG&E taps new CEO, 10 directors to lead utility through bankruptcy • Former TVA CEO Johnson taking reins at bankrupt PG&E
(DBN)

PG&E’s new leader is nation’s highest-paid federal employee
(DBN)

All Eyes on California as PG&E Cuts Deal on Board Overhaul
(DBN)

PG&E Bankruptcy Drives Plans for Catastrophe Fund to Cover Wildfire Costs
(DBN)

FirstEnergy : Bankruptcy Deal With Power Units Collapses • Court Denies FirstEnergy’s Attempt to Evade Environmental Responsibilities • FirstEnergy Solutions bankruptcy plan hits major snag • FirstEnergy -4% after judge rejects reorganization plan
(DBN)

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Fraud:

Admissions Scandal: They Had It Coming • Harvard "on fence" in AdmissionsGate
(DBN)

Elizabeth Warren wants CEOs to go to jail when their companies behave badly
(DBN)

Statues take center stage in billionaire fraud case
(DBN)

San Diegans wonder if they will get their money back from alleged Ponzi scheme
(DBN)

Three pharmaceutical companies pay out $122 million to settle fraud claims
(DBN)

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Education:

How Much Is Your Education Worth? Depends How Much You Make
(DBN)

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Travel:

Lawyer who spat at flight attendant during drunken racist rant jailed for six months
(DBN)

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Mass Torts:

Judge Won't Block Ads Allegedly Targeted At Jurors in Roundup Trial
(DBN)

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Tax:

The IRS Tried to Take on the Ultrawealthy. It Didn’t Go Well.
(DBN)

Why Amazon Paid No Federal Corporate Tax
(DBN)

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Maritime:

Shipping Comes to Terms With $50 Billion Clean-Fuel Bill
(DBN)

When geopolitics underlies a bankruptcy story
(DBN)

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UK:

UK asks for another short Brexit delay — while the EU proposes something much longer • No Deal Brexit EU's Less Costly Option • Auto Industry Begs UK for Brexit Deal
(DBN)

Priority in insolvency – heavy lies the Crown (preference)?
(DBN)

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PIIGS:

New Household Insolvency Law Credit Positive for Greek Sovereign and Banks, Moody’s Says
(DBN)

Euro zone agrees to grant Greece nearly 1 billion euros
(DBN)

Three suitors circle Italy's Cavalli as it seeks creditor protection
(DBN)

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Canada:

'People are fleeing the city': How 'renovictions' are forcing renters to the edge of bankruptcy
(DBN)

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India:

RBI will issue new circular on stressed assets without ‘undue delay’ • SC only quashed RBI circular on bad loans, the insolvency law still hangs on private firms • RBI’s still the headmaster of the class of defaulters • Bad loan battle: RBI to issue new directive after SC ruling
(DBN)

Bidding for Jet Airways set to start as more planes grounded • Jet airways lenders seek to pursue bank-led resolution plan for sale of stake • Jet Airways lenders say they will invite bids for stake sale in airline on April 6 • Jet Airways woes deepen as Avolon seeks to de-register two planes • Jet Airways creditors seek sale of stake in cash-strapped carrier
(DBN)

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New Zealand:

Failed national builder Ebert claims rise to massive $108m, second only to Mainzeal
(DBN)

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Austria:

Restructuring plans and their impact on non-participating creditors
(DBN)

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Iceland:

WOW Air collapse will dent Iceland's growth and cause losses for banks -c.bank
(DBN)

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Venezuela:

As sun sets, Caracas empties
(DBN)

Diseases surge in Venezuela as health system languishes
(DBN)

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South Africa:

Group Five collapse may lead to closure of hundreds of subcontractors
(DBN)

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Singapore:

Embattled Hyflux scraps agreement with would-be white knight
(DBN)

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