April 9, 2019

The Daily Bankruptcy News

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Law:

The Law School Graduates With The Most Debt
(DBN)

U.K. Gender Pay Gap Reporting Prompts Two Big Law Firms To Review Parent Policies • Gender Pay Gap Narrows Slightly at U.K.'s Magic Circle Firms
(DBN)

Kasowitz Loses 15-Lawyer Real Estate Team to Vinson & Elkins
(DBN)

Why EY’s Purchase Of Pangea3 Should Be A Wake-Up Call For Law Firms
(DBN)

Pumping: Staying Abreast Of The Law
(DBN)

Mueller prosecutors' decision to break their silence after two years speaks volumes about their feelings on the final Russia report • Top Judiciary Committee Republican urges testimony from Mueller this month • US consultant who steered Ukrainian money to Trump inaugural seeks probation, citing cooperation • DC Circuit bars release of grand jury materials to author; are there implications for Mueller report? • FBI confirms Comey was a witness in Mueller investigation • Michael Cohen’s usefulness to prosecutors may be at an end • House Intelligence chair throws cold water on Cohen's bid for help delaying prison term • House Judiciary Leaders Unite In Call For Mueller Hearing; Unclear If He'd Appear • White House steps up attacks as Mueller report release nears
(DBN)

Trump pushed his administration to re-implement migrant family separations after he banned the policy in an executive order • Hardline Trump adviser Stephen Miller reportedly handed total control of border policy • Stephen Miller, the Trump aide behind the harshest immigration policies, is a descendant of asylum-seekers • Trump's hardline new border plan • Trump officials desperate to toughen border policies reportedly want to offer migrant families a choice: Get locked up together, or risk not seeing your child for years • Dallas, Houston considered for new migrant shelters as monthly apprehensions expected to reach 100,000 • Inspired by migrant caravans, new wave of Cubans seek U.S. asylum
(DBN)

House sues to block Trump’s use of funds for border wall
(DBN)

Trump Rages When Told Something is Illegal
(DBN)

'I wish we had an acting president': Kellyanne Conway's BigLaw husband George targets Trump on Twitter
(DBN)

Michael Avenatti says Nike ‘pulled a stunt’ by having him arrested
(DBN)

Federal judge blocks Trump from forcing asylum seekers to wait in Mexico • Federal judge blocks Trump's asylum policy but delays enforcement • CNN: Trump told Nielsen to reinstate family separations, deny asylum seekers entry
(DBN)

US revokes war crimes prosecutor’s visa; terrorism defense lawyer has to cancel US honeymoon
(DBN)

This Lawyer Used To Run A Meth Lab, But Now He Runs Sober Living Homes
(DBN)

Former DOJ Prosecutor Back in BigLaw Shares Tips to Help Clients
(DBN)

Now Nunes Sues McClatchy for $150 Million
(DBN)

Client and lawyer, a ‘willful enabler,’ sanctioned over $1M for ‘simply obscene’ condo litigation
(DBN)

Uber: Drops Off Fare, Then Robs Their House
(DBN)

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Judges:

A ‘budding bromance’? These 2 justices mostly agree in SCOTUS decisions so far
(DBN)

Ruth Bader Ginsburg’s Nephew Talks ‘On The Basis Of Sex,’ And Why His Aunt Isn’t A ‘Superhero’
(DBN)

Cleary, Skadden Vets Among Latest Judicial Renominations • Trump Nominates Bankruptcy Judge For District Court
(DBN)

Judges Called Lawyers Dishonest, Lazy and Useless, Complaint Alleges
(DBN)

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Wall Street:

US futures slightly lower as investors monitor earnings, data • Stock-market futures edge lower as U.S. threatens European tariffs
(DBN)

US stocks mixed at close of trade
(DBN)

Morgan Stanley: Wall Street is wrong, there will be an earnings recession this year
(DBN)

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Layoffs:

Tesla fired dozens of salespeople after its disappointing Q1 delivery report
(DBN)

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Pharma:

These powerful but little-known companies that have been blamed for high drug prices are now coming out of the shadows for a congressional interrogation
(DBN)

The shame of the drug crisis is how Purdue Pharma was enabled, rewarded
(DBN)

Republicans Are Warning Drug Companies Not To Cooperate With A Congressional Investigation
(DBN)

GOP senators take a sharp left turn on drug prices
(DBN)

All eyes are on the drug pricing middlemen
(DBN)

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Autos:

Morgan Stanley slashes its Tesla target for the 3rd time this year
(DBN)

Ghosn slams 'backstabbing' former Nissan colleagues in video address
(DBN)

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Electricity:

P&G's stock rallies toward record high after Wells Fargo boosts rating, price target
(DBN)

FirstEnergy Solutions Preparing New Filing In Bankruptcy Case • Federal judge rejects FirstEnergy Solutions’ bankruptcy plan: What you need to know
(DBN)

Ohio GOP lines up bill to save FirstEnergy nuclear plants
(DBN)

Lawmaker Pursuing Subsidies For Ohio's Nuclear Power Plants
(DBN)

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Personal Finance:

How making $300,000 in San Francisco can still mean you're living paycheck-to-paycheck
(DBN)

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Travel:

United has followed in Delta's footsteps with a big change to its frequent flyer program, and passengers are furious
(DBN)

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Crypto:

Controversial QuadrigaCX cryptocurrency exchange placed in bankruptcy • QuadrigaCX Officially Enters Bankruptcy With Millions Still Missing
(DBN)

Leading Advocate for Mt Gox Creditors Quits, Saying Bitcoin Payouts Could Take Years • Mt. Gox might need 2 more years to repay millions worth of lost Bitcoin
(DBN)

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Retailing:

LK Bennett’s US arm files for bankruptcy & mulls store closures • LK Bennett US arm plans closing clearance sales
(DBN)

Edward Lampert Offers to Buy Remaining Shares of Sears Hometown and Outlet Stores
(DBN)

Sycamore’s tough tactics help it survive a brutal retail sector
(DBN)

Roberto Cavalli files Chapter 7
(DBN)

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Economy:

Fed hits back over Trump claims that monetary ‘tightening’ is hurting the economy
(DBN)

Majority of Wall Street pans Trump’s Fed picks, Stephen Moore and Herman Cain • The Federal Reserve is already full of Trump's picks • President Trump Manages To Find Even Worse Candidate For Fed Than Last One
(DBN)

U.S. factory orders fall for the fourth time in five months, reflecting economic slowdown
(DBN)

Small business optimism index in March holds to narrow range for third month in a row
(DBN)

Now is a good time to work in retail
(DBN)

The US just got its latest sign that the manufacturing sector is slowing down
(DBN)

AAR: March Rail Carloads down 8.9% YoY, Intermodal Down 1.5% YoY
(DBN)

Hedge-fund billionaire Ray Dalio says 'the American dream is lost' on '60 Minutes' interview about the state of capitalism • Ray Dalio in heated debate says capitalism is denying ‘the American dream’ • Looking to billionaires like Ray Dalio to fix inequality is like 'asking a fox to worry about hen protection,' says a prominent critic of the Davos set
(DBN)

American billionaires call for upgrades to capitalism, starting with higher taxes on themselves
(DBN)

Stocks are down after Trump threatens tariffs on EU helicopters, ski-suits, cheeses and wines • US Proposes to Tariff $11 Billion in EU Products • Europe slams ‘exaggerated’ US tariff threat and prepares to retaliate
(DBN)

Nearly a third of millennials are worse off than they thought they'd be 10 years ago
(DBN)

Is the tax code fair? Trump tax cuts trigger deepest partisan rift in 20 years, Pew finds • Wall Street Journal/NBC poll finds Americans are not feeling Trump’s tax cuts • Tax refunds so far this year are down by $6 billion from 2018
(DBN)

The most important number in the economy is one nobody knows
(DBN)

Border Delays Hammering Auto Industry
(DBN)

Bankers Love Socialism: If It's a Bailout
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

These 40 cities may see housing prices decline, survey says
(DBN)

Update: Framing Lumber Prices Down 30% Year-over-year
(DBN)

House Flipping Is Back to Pre-Crisis Levels. Here’s Why It’s Less of a Concern
(DBN)

Forget everything you’ve heard about first-time homebuyers. They’re doing all right.
(DBN)

Housing sentiment surges in March, and sellers are the most optimistic
(DBN)

Las Vegas Real Estate in March: Sales Down 16% YoY, Inventory up 92% YoY
(DBN)

Millennials are making 3 key decisions that are wiping out the starter home — and it's changing what homeownership in America looks like
(DBN)

The average adjustable-rate mortgage is nearly $700,000. Here’s what that tells us.
(DBN)

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Municipalities:

Atlantic City: 'Trump turned this place into a ghost town'
(DBN)

Trump Immigration Crackdown Pushes Once-Bankrupt City Into Bondholder Clash
(DBN)

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Oil/Gas:

Much of America Headed Back to $4 Gasoline
(DBN)

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Aviation:

Boeing sinks after cutting production of the 737 Max
(DBN)

Southwest Airlines hit with its first Wall Street downgrade since Boeing's 737 Max crisis began
(DBN)

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Fraud:

Felicity Huffman, 12 other parents to plead guilty in college admissions scandal
(DBN)

Lori Loughlin Offered 2 Years in Prison for Plea
(DBN)

Gordon Caplan Set to Become the Next Member of the Big Law Felons Club. Now What? • Caplan's Plea Deal With Prosecutors Calls For Prison Time
(DBN)

Court records suggest Darren Berg may have fled to South America
(DBN)

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Personal Finance:

5 signs you're rich, even if it doesn't feel like it
(DBN)

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Taxis:

Lyft Threatens To Sue Morgan Stanley For… Acting Shady, We Guess?
(DBN)

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Mass Torts:

Leaking Breast Implants Leave Women Fighting Infections, Insurers
(DBN)

What the Catholic Church's Victims Deserve
(DBN)

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Healthcare:

US Can No Longer Afford Health Care for Employees
(DBN)

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Tax:

Congress to Ban Free Online Tax Filing
(DBN)

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Religion:

Creditors committee files lawsuit in Church bankruptcy process • Unsecured creditors seek sale of Catholic churches, schools, cemeteries, cars
(DBN)

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Student Debt:

A No-Contest Discharge for Uncollectable Student Loans
(DBN)

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New Bankruptcy Opinions
(6 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (29 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (9 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:

March Bankruptcy Filings Down 3 Percent from 2018, Commercial Chapter 11 Filings Decrease 13 Percent
(DBN)

Weekly Bankruptcy Claims Trading Activity
(DBN)

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TBTF:

Federal Reserve Board proposes easing post-crisis rules for big banks
(DBN)

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Cross-Border:

Latest airline restructuring news – Avianca Brazil – What happens in Cape Town stays in Cape Town
(DBN)

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Bankruptcy Policy:

Bankruptcy's Cathedral: Property Rules, Liability Rules, and Distress
(DBN)

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Politics:

Kirstjen Nielsen Shows Why It’s Impossible to Restrain Trump
(DBN)

'There's a lot of poverty in the world': Bernie Sanders says he does not support open borders
(DBN)

Trump again overrules top brass
(DBN)

New York’s ‘fashion banker’: Trump has no business being U.S. President
(DBN)

Democratic 2020 candidate Pete Buttigieg tells Mike Pence in fiery speech that his marriage to his husband moved him 'closer to God'
(DBN)

Andrew Cuomo blasts Rick Scott op-ed claiming New York is a burden to Florida taxpayers
(DBN)

"Gaping hole" for foreign espionage at Trump's Mar-a-Lago, former CIA officer says • Why securing Trump’s ‘Winter White House’ at Mar-a-Lago is such a challenge • Mar-a-Lago intruder had cash and additional electronics in hotel room, prosecutors say • A Secret Service agent took a USB drive infected with malware from a Chinese woman who was arrested at Mar-a-Lago and inserted it into his laptop
(DBN)

Trump is removing US Secret Service director • A 'near-systematic purge' is happening at the Department of Homeland Security after Secret Service director is reportedly ousted • Trump was reportedly irritated with his Secret Service chief and made fun of his ears • Shake Up at DHS Goes Beyond Nielsen Exit • Dumping Nielsen May Have Been Illegal
(DBN)

Grassley Warns Trump on Ousting Officials
(DBN)

Trump seen leaning hard on new Homeland Security chief over border
(DBN)

Miller Behind the Purge at Homeland Security
(DBN)

FactCheck: Florida "passed a law where former felons can now vote. We've had more ex-felons register as Republicans than Democrats."
(DBN)

Buttigieg to Pence: 'If you got a problem with who I am, your problem is not with me -- your quarrel, sir, is with my creator'
(DBN)

NY lawmakers push bill requiring president to release taxes
(DBN)

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Climate:

Climate change will crush real estate values for investors who don’t prepare, new report says
(DBN)

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UK:

Brexit Has London's US Law Firms Stirred Up, Not Quite Shaken
(DBN)

Brits in Brussels put jobs on hold and rent Airbnbs as despair grows over Theresa May's Brexit delay plans • Theresa May begs EU leaders for Brexit delay as Conservatives prepare to fight European elections • Parliament: Can't Leave EU Without a Deal
(DBN)

Retail giant Debenhams goes into administration • Debenhams goes into administration after last-minute bid rejected
(DBN)

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Canada:

Justin Trudeau Falls From Grace • Justin Trudeau just can't quit the SNC-Lavalin scandal
(DBN)

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India:

View: How to ringfence the IBC
(DBN)

Is Jet Airways inching towards bankruptcy court for a resolution? • Jet Airways sale: Nobody interested in buying lenders' stake on Day 1 • Jet Airways' lenders offer bidders 31.2-75% in airline, get no response on day 1
(DBN)

Summer School on the Insolvency and Bankruptcy Code, 2016
(DBN)

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MENA:

The US State Department barred 16 people it says were involved in Jamal Khashoggi's killing
(DBN)

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Russia:

Russia asks Interpol to arrest Kremlin critic Bill Browder again
(DBN)

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Japan:

Corporate bankruptcies in Japan hit 28-year low in fiscal 2018
(DBN)

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Brazil:

Brazil court rules in favor of lessors to repossess Avianca Brasil planes
(DBN)

Brazil's Queiroz Galvao files for bankruptcy for two hydroelectric subsidiaries
(DBN)

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China:

China's Blueprint for Global Dominance
(DBN)

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Australia:

Australia on Brink of Housing Collapse
(DBN)

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