February 15, 2019

The Daily Bankruptcy News

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Due to the President's Day holiday, The Daily Bankruptcy News will not publish on Monday February 18, 2019



Law:

MoFo Hit With Texas Lawsuit Alleging 'Egregious Overbilling'
(DBN)

Milbank Blocked From Representing Bankrupt Gymboree, U.S. Says
(DBN)

Yes, You Can Increase The Number Of Equity Partners And Profits Per Partner At The Same Time
(DBN)

Women Lawyers Have Deciding Voice at Year-Old Selendy & Gay
(DBN)

Skadden is unlikely beneficiary of failed legal maneuver by accused Russian conspirator
(DBN)

Baker Botts’ New Chief To Lead Firm’s Push Far Beyond Texas • Next Baker Botts MP Eyes Growth on the Coasts, in London
(DBN)

U.S. News To Roll Out Brand New Law School Ranking
(DBN)

That Moment When The Partners Are Making Your Life A Living Hell
(DBN)

Professor, Can You Just Give Me A Straight Answer?
(DBN)

Harping and Hammering, Legal Titans Conclude Arguments in Harvard Admissions Case
(DBN)

US Supreme Court Ruling Fuels Suits Challenging Mandatory Bar Fees
(DBN)

9 point plan for sexist lawyers
(DBN)

Lawyer suspended for lying about case filings, creating fake brief to back up his account
(DBN)

Match.com, BYU Law partner up for student-alumni mentor program
(DBN)

Mandatory Budgets? At a Law Firm?
(DBN)

Ex-Crowell Chair Styles Jumps to Akin Gump After Brief Bracewell Spell
(DBN)

Avenatti Gives Up Control of Firm After Alleged ‘Brazen Acts of Bankruptcy Fraud’
(DBN)

UK: Ince Gordon Dadds wins the 2019 Golden Turd Award
(DBN)

The scientific way to slash the time you spend on work email by 50%
(DBN)

The Case Against KPMG: When Does a Team Hire Become a Crime?
(DBN)

McCabe Says Justice Officials Discussed Recruiting Cabinet Members to Push Trump Out of Office • McCabe details central role in Russia probes, DOJ meetings on whether to oust president • McCabe says he launched probe into Trump after Comey firing • McCabe says he ordered the obstruction of justice probe of President Trump • New revelations about intrigue to remove Trump • No, Andrew McCabe Did Not Commit Treason By Plotting to Remove Trump Using the Constitution • McCabe wanted Russia investigation on 'solid ground' • Andrew McCabe Says He Believed Donald Trump May Have Won Election ‘With the Aid of Russia’ • Andrew McCabe Says He Opened Trump Probes in Case He Was 'Fired,' Confirms 25th Amendment Talks • McCabe Tried To Ensure Russia Case Wouldn’t ‘Vanish In The Night’ If He Was Fired • Fmr U.S. Attorney: McCabe Revelations ‘Worse’ Than Nixon’s Saturday Night Massacre • Timeline: Trump's turbulent relationship with Andrew McCabe • Trump lashes out at McCabe over reveals about Russia probe and alleged Rosenstein wiretap • Donald Trump called Andrew McCabe's wife a 'loser', ex-FBI official claims in new book • Jeff Sessions once complained about FBI employees and reminisced about the 'the old days' when it 'only hired Irishmen,' former deputy director Andrew McCabe says in upcoming memoir • Fired FBI Deputy Director Andrew McCabe: There Should Have Been a Special Counsel for Clinton Email Case
(DBN)

You May be Disappointed in Mueller Report • Manafort bombshell deepens mystery in Russia probe • How Manafort’s 2016 meeting with a Russian employee at New York cigar club goes to ‘the heart’ of Mueller’s probe • 'Like a guy shooting craps down to his last chip': Paul Manafort just made his riskiest gamble yet • Here's the Real Reason Robert Mueller Thinks Paul Manafort Lied To Prosecutors • No-Nonsense Judge T.S. Ellis Has Every Excuse to Throw the Book at Manafort Now • How an Obscure Anti-Nazi Propaganda Law Is Exposing Trump’s Lackeys • The Senate’s Russia Probe Is Facing a Reckoning
(DBN)

Senate Votes to Confirm Barr as Attorney General • Will now oversee Mueller probe • Attorney general nominee William Barr’s “tough on crime” record, explained • Meet William Barr: What you need to know about the new attorney general
(DBN)

Here's the 'Extraordinary' Story of Treasury Nominee Bimal Patel, Ex-O'Melveny Partner
(DBN)

An expert on national emergencies explains whether Trump declaring one over the southern border would be legal • Can Trump legally use emergency powers to build a border wall? Experts weigh in • Why Trump Can Legally Use Emergency Powers to Build Wall • What the President Could Do If He Declares a State of Emergency • Trump's Emergency Would Trigger Legal Fight • Pelosi Threatens Possible Legal Action Over Expected Trump Emergency Declaration • Republican and Democratic lawmakers are squaring off for a brawl over Trump's pending national-emergency declaration • Trump's Emergency Declaration Is a Test for Senate Republicans • Trump will declare a national emergency to build his border wall. Here's what could happen next.
(DBN)

Kansas lawmakers sponsor bill calling same-sex marriages ‘parody’ • Lawmakers Try to Ban Gay Marriage by Saying LGBT Community Is Religious ‘Denominational Sect’
(DBN)

A year after the deadly school shooting in Parkland, this is how students, families, and staff are remembering the victims • America’s gun problem, explained • Here's what's changed on gun control since last year's deadly Parkland shooting — and what hasn't • A year after Parkland, support for stricter gun laws wanes
(DBN)

Senate passes bill to make lynching a federal crime
(DBN)

Long before MeToo there was Moya Quinlan
(DBN)

2 US citizens are suing Customs and Border Protection, alleging they were illegally detained after speaking Spanish in public
(DBN)

Traveling with the Migrant Caravan
(DBN)

Dodgy solicitor caught plagiarizing Linklaters
(DBN)

Solicitor struck off for £140k swindle
(DBN)

Why Marvel’s Daredevil isn’t a role model for defense attorneys
(DBN)

Bill Cosby's time in the Navy prepared him for his 'amazing experience' in prison
(DBN)

Lawyer 'obsessed' with neighbor's noisy toilet
(DBN)

Another Man Caught on Camera Licking a Stranger's Doorbell
(DBN)

Oregon: Collusion Between Cops and Far Right
(DBN)

Police Say They Found Persons of Interest in Jussie Smollett Attack • Chicago Police: No Evidence Smollett Staged It • If Jussie Smollett's Attack was a Hoax, He Could Be In Some Serious Legal Trouble
(DBN)

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Judges:

BK WD PA: Public Notice For Reappointment Of Bankruptcy Judge Jeffery A. Deller
(DBN)

Oops! ‘Meh’ parenthetical ended up in published federal decision • Honesty Accidentally Makes Its Way Into Published Federal Opinion
(DBN)

Federal Judge Appears To Be Holding A Sexist Grudge In His Courtroom
(DBN)

Judges who wed couples can’t refuse same-sex unions, ABA ethics opinion says
(DBN)

Lawyers In Love: The ‘Equal Partnership’ Forged Between Ruth And Martin Ginsburg
(DBN)

Trump Judicial Nominees Are Refusing to Endorse Brown v. Board of Education
(DBN)

AALL Calls for Passage of Bipartisan Electronic Court Records Reform Act
(DBN)

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Wall Street:

U.S. stock futures lower as investors fret over economy, politics • US stocks set to follow Asia markets lower after report that US-China trade talks are 'like pulling teeth'
(DBN)

Stocks close mostly lower on weak retail sales; Nasdaq bucks trend to rise for 5th day
(DBN)

The stock market is careening down a dangerous ‘slope of hope’
(DBN)

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Layoffs:

Nearly 600 Shopko workers facing layoffs in May
(DBN)

Spectrum lays off 135
(DBN)

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Retailing:

Retail spending sees biggest monthly drop since 2009
(DBN)

Payless, Gymboree and the road to Chapter 22
(DBN)

While Sears has been struggling to survive in the US, the retail chain thrives in Mexico. And when we visited stores in both countries, it was easy to see why.
(DBN)

Eddie Lampert steps down as chairman of Sears' board
(DBN)

Shopko Outlines Post-Bankruptcy Footprint • Retailer Payless ShoeSource set to shutter its U.S. stores: sources
(DBN)

Prime Time Sports forced to close, after removing Nike apparel from store in protest for Kaepernick support
(DBN)

After Bumpy Bankruptcy, Performance Bike Stores To Close After All
(DBN)

Store Closures Coming in 2019, but Don't Call It a Retail Apocalypse • Are more store closings coming? Firm forecasts 'No light at the end of the tunnel'
(DBN)

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Electricity:

Breaking Down PG&E’s Plan to Use Power Outages to Prevent Wildfires
(DBN)

Judge critical of PG&E's wildfire role demands more answers • PG&E’s San Bruno judge issues new wildfire-related orders
(DBN)

California must consider public ownership model of PG&E
(DBN)

California's Governor Warns Climate Change Pressuring Utilities
(DBN)

PG&E bankruptcy forces Clearway to cut dividend, forego solar deal
(DBN)

CCAs propose taking over PG&E’s retail business
(DBN)

As PG&E begins bankruptcy proceedings, Monterey Bay Community Power gauges uncertainty.
(DBN)

PG&E’s Bankruptcy Shows Blindspots in Green Investing
(DBN)

PG&E should get out of the energy sales business, local governments say
(DBN)

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Personal Finance:

77% of Americans failed this short quiz on taxes—here are the 4 questions that stumped them
(DBN)

Don’t make these mistakes with your business credit card
(DBN)

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Economy:

Retail Sales decreased 1.2% in December • Retail sales were so bad, it’s either suspect data or a recession warning
(DBN)

Q4 GDP Estimates Revised Down Sharply • Economists slash growth for fourth quarter after big retail sales drop
(DBN)

Weekly Initial Unemployment Claims increased to 239,000
(DBN)

Debt Investors Embrace 'Upside Down' World After Fed Shift
(DBN)

Cars are driving us into recession
(DBN)

Mitch McConnell Says President Trump Will Sign Border Bill but Declare National Emergency • Congress’s spending deal doesn’t include back pay for federal contractors • Here’s what you need to know about the border security compromise that could avert another government shutdown • Why Trump is signing a border security deal and declaring a national emergency at the same time • Wall: Trump May Use $21Bn of Military Funds • Trump Wants Military to Build the Wall
(DBN)

U.S. budget deficit running over 40 percent higher than last year
(DBN)

Why the $22 Trillion National Debt Doesn't Matter
(DBN)

LA area Port Traffic in January; Imports Up YoY, Exports Down
(DBN)

US and China trade negotiators in Beijing reportedly deadlocked on forced technology transfers • Commerce Asked About New Tariffs on Autos • Steel Tariffs Waived for Many Michigan Firms
(DBN)

Trump's Auto Revival Hasn't Happened
(DBN)

More than 76 million Americans don't pay federal income taxes, but it's not usually the luxury you might think
(DBN)

Nearly half of Americans support Alexandria Ocasio-Cortez's 70% marginal tax on the super-rich, according a new poll
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Foreclosure Sales: When Does a Debtor Lose the Ability to Interfere with the Sale?
(DBN)

Final Properties Sold in DevelopErie Bankruptcy
(DBN)

Green Beret on His Horrible Base Housing
(DBN)

The Five Largest CMBS Loans to Turn Newly Delinquent in January 2019
(DBN)

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Municipalities:

Puerto Rico governor appoints new members to Cofina board
(DBN)

Puerto Rico, fiscal board seek court help for new Cofina bonds’ tax exemption
(DBN)

The Denver teachers strike is over. They won.
(DBN)

Amazon Cancels New York HQ2 • Amazon's HQ2 deal with New York is officially off — and it means that the state and city will lose out on $27.5 billion in tax revenue • Angry New Yorkers are slamming the politicians who revolted against Amazon's HQ2 plan for the city • Amazon Got Exactly What It Deserved—And So Did New York • New York politicians appear stunned but defiant over Amazon's abrupt cancellation of move to Long Island City • Amazon just threw New York City politicians under the bus while announcing its plan to cancel its New York HQ2 • 'You have to be tough to make it in New York City': Bill de Blasio slams Amazon for bailing on HQ2 • Amazon recovers share losses after canceling its HQ2 project in New York City • 'Queens is not for sale': Alexandria Ocasio-Cortez and New York activists celebrate Amazon's decision to cancel HQ2 in Long Island City • What they're saying: New Yorkers react to Amazon's HQ2 reversal • New York is better off without Amazon’s HQ2 • 'They should be held accountable': Andrew Cuomo rails against local Democratic lawmakers who opposed Amazon HQ2 in Long Island City • When Amazon threw in the towel on the New York City HQ2, it showed the rest of the world how to beat Silicon Valley • Bernie Sanders congratulates New York for 'standing up' to Amazon after tech giant cancels plan for new headquarters in Queens • 'I'd choose mass transit over helipads any day': Key Amazon opponent on New York's city council speaks out on HQ2 cancellation
(DBN)

How the US has hidden its empire
(DBN)

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Oil/Gas:

Houston energy co. that emerged from bankruptcy in June sells more assets
(DBN)

‘’Lower Your Costs, Or Die’’ Big Oil’s New Mantra
(DBN)

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Telecoms:

D.C. IT and telecom firm files for bankruptcy in aftermath of government shutdown
(DBN)

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Pharma:

Drug company raises price of pain reliever by 70%
(DBN)

Avadel Pharma on the Bankruptcy Auction Block
(DBN)

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Religion:

Lawsuit: Religious orders should open up records about abuse
(DBN)

Clergy abuse survivor sues Syracuse Catholic Diocese hours after new law takes effect
(DBN)

New Jersey dioceses just named 188 priests accused of child sex abuse. Will more priests go to jail?
(DBN)

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Aviation:

Sale of corporate jet connected to OneJet complicated by lien
(DBN)

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Crypto:

Judge Delays Decision On Legal Representation for Quadriga Creditors
(DBN)

Cryptocurrencies — A Quandary for Quadriga
(DBN)

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Newspapers:

The New York Times has more subs than ever. That's not necessarily good news for the rest of the industry
(DBN)

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Debt Collection:

District Court denies debt collector’s arbitration request
(DBN)

Debt Collector Wins Summary Judgment in Wrong-Number FDCPA Case
(DBN)

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Autos:

Global mediation ordered in Reagor-Dykes bankruptcy
(DBN)

New Chapter 11 Bankruptcy Filing - Total Finance Investment Inc.
(DBN)

Number of Americans 90+ Days Delinquent on Their Auto Loans, 1999-2018
(DBN)

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Food/Beverage:

Court approves Kane Beef sale, closing set for this month
(DBN)

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Baby Products:

Newell Brands forecasts full-year sales below estimates
(DBN)

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Student Debt:

Student Loan Servicing Fail
(DBN)

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Healthcare:

California county pushes ahead with purchase of Verity hospitals despite AG opposition
(DBN)

Distressed debt investors chart more healthcare opportunities
(DBN)

New Chapter 11 Bankruptcy Filing - Trident Holding Company LLC
(DBN)

Medical Bankruptcy Is Killing The American Middle Class
(DBN)

NE: Financially troubled nursing home in Norfolk set to close
(DBN)

California payer considers bankruptcy: 3 things to know
(DBN)

Why a Mom Finally Decided to Vaccinate Her Kids After 15 Years—And What That Can Teach Us About Talking to Vaccine Skeptics
(DBN)

This year's flu shot is less than 50% effective in preventing infection, CDC says
(DBN)

A Growing American Crisis: Who Will Care for the Baby Boomers?
(DBN)

Democrats are divided on how to tackle the ACA lawsuit
(DBN)

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Coal:

With natural gas on the rise, U.S. market is moving against coal
(DBN)

Affiliate of Merida Natural Resources, LLC Submits Irrevocable Bid to Acquire Kemmerer Mine out of Bankruptcy
(DBN)

Environmentalist coal executive behind bid for Kemmerer mine
(DBN)

Bankrupt Westmoreland and miners union head to showdown on labor agreements • UMWA files emergency motion, Westmoreland says it was legally required to issue notices
(DBN)

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New Bankruptcy Opinions
(13 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (23 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (14 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:

Predicting bankruptcies the Prof Altman way • The Altman ‘Z’ is ‘50’ and Still Young: Bankruptcy Prediction and Stock Market Reaction Due to Sudden Exogenous Shock • Models for Predicting Business Bankruptcies and Their Application to Banking and to Financial Regulation
(DBN)

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Discharge:

Ohio attorney who created fake child p--- as expert witness must pay $300K
(DBN)

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Avoidance Actions:

Trustee Permitted to Step Into Shoes of IRS to Recover Transfer
(DBN)

Resisting Fraudulent Transfer Temptations — Family Businesses
(DBN)

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UCC:

First Circuit Rules That “Incorporation by Reference” of Collateral Description in UCC Financing Statements May Not Perfect Lien
(DBN)

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Make-Whole:

Fifth Circuit Disallows Make-Whole Payment in Bankruptcy
(DBN)

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Sales:

11th Circuit Permits Termination Of Retiree Obligations In Free And Clear Sale
(DBN)

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IP:

Mission Product Holdings, Inc. v. Tempnology, LLC: Will the Supreme Court Clarify the Rights of Trademark Licensees Upon Rejection?
(DBN)

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Contempt:

BlueHippo in the Red? Not on the FTC’s Watch
(DBN)

Bankruptcy Court Lets FTC Collect Contempt Fine Despite Bankruptcy
(DBN)

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Bankruptcy Reform:

Personal Bankruptcy Decisions Before and After Bankruptcy Reform
(DBN)

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Litigation:

Everybody's Found Something to Hate in Proposed Changes to Deposition Rules
(DBN)

Winning the Beauty Contest: An Experienced Funder Can Help Law Firms Win Client Confidence
(DBN)

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Miscellaneous:

Bankruptcy and restructuring year in review and 2019 outlook
(DBN)

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Mass Torts:

Staggering under load of talc litigation, J&J supplier Imerys America seeks shelter in bankruptcy • Dispute With Insurers Cited By Talc Supplier Filing Bankruptcy
(DBN)

Bankruptcy judge denies motion to dismiss Bestwall’s Chapter 11 case; Beyer: Bestwall’s case ‘wrongfully motivated’ but justified by ‘sufficient financial distress’
(DBN)

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Textiles:

All your questions about the RAD Group bankruptcy answered
(DBN)

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Maritime:

Free-Falling Freight Rates Spell Trouble For Shipping
(DBN)

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Politics:

Trump will sign the bipartisan border security deal and declare a national emergency to get more wall money • Trump's Emergency Plan Splits the GOP After McConnell Backs It • Watch Grassley get angry when McConnell interrupts him to announce Trump’s emergency declaration • Nancy Pelosi slams Trump's plan to declare a national emergency to fund the border wall, argues that he should declare one on gun violence instead • Pelosi says Trump’s national emergency sets a new precedent for Democrats Trump in 2014: The president shouldn’t act unilaterally just “because he is unable to negotiate”
(DBN)

Former Trump Officials Are Supposed to Avoid Lobbying. Except . . .
(DBN)

In a massive rebuke to Trump, GOP senators demand that Mike Pompeo investigate Jamal Khashoggi's death
(DBN)

A report detailing the results of Trump's latest physical says he's in 'very good health' — but results show he's clinically obese
(DBN)

A Colorado store that refused to sell Nike apparel after the brand released its Colin Kaepernick ad is going out of business
(DBN)

Stop Alleging Anti-Semitism Just to Score Political Points
(DBN)

Dallas to Remove Huge Confederate Memorial
(DBN)

Fox News Rejects National Ad for Oscar-Nominated Anti-Nazi Documentary
(DBN)

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UK:

Ban for bankrupt Layezy Racing syndicate's 23 horses as the British Horseracing Authority step in • Talking Horses: lessons from the Layezy Racing bankruptcy • Layezy Racing Owners Club: information for creditors
(DBN)

Insolvencies creep up as uncertainty continues and consumer confidence dwindles
(DBN)

Interserve faces £66 million payout if rescue deal blocked
(DBN)

UK's Patisserie Valerie rescued by Irish fund Causeway • Irish firm buys bankrupt UK cafe chain Patisserie Valerie
(DBN)

Pensions versus Insolvency: changes to The Pension Regulator’s powers
(DBN)

What happens now May's Brexit plan B has been defeated?
(DBN)

Clothing, footwear sales boost U.K. retail sales
(DBN)

Theresa May Defeated Again on Brexit • What is the Brexit deal and what does it mean? • Britain Ready to Leave EU Without a Deal • Brexit chaos: Theresa May loses yet another vote
(DBN)

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EU:

Reorg Europe: Galapagos & DIA Deep Dive
(DBN)

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PIIGS:

Judge recommends third contempt order against Seán Dunne
(DBN)

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Canada:

Quebec Court Of Appeal Decision In Bluberi CCAA Proceedings
(DBN)

Provincial Statutory Trusts in Insolvency Proceedings: The Guarantee Company of North America v. Royal Bank of Canada
(DBN)

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South Africa:

Eskom is technically insolvent • The Italian Job: A look at the international experts hired by Eskom
(DBN)

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India:

India’s Crisis Hit Jet Airways Approves Deal To Save Its Flights • Indian Airline on Verge of Collapse Close to Getting a Lifeline
(DBN)

Expansion of the Rights of Secured Creditors to Recover Debts
(DBN)

Lawyers take to the streets in Delhi strike action
(DBN)

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Venezuela:

Debt Restructuring Guru Said to Mull Future Role With Venezuela
(DBN)

Nicolas Maduro's Venezuelan Lego Movie: "Everything Is Not Awesome"
(DBN)

U.S. Weighs New PDVSA Sanctions as Next Step Against Maduro
(DBN)

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MENA:

New Bankruptcy Law In Bahrain
(DBN)

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