February 7, 2019

The Daily Bankruptcy News

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Law:

Another Round Of Black Box Bonuses Spark Grumbles
(DBN)

The Size Of Biglaw Partnership Classes Is Shrinking
(DBN)

Brown Rudnick Names New Bankruptcy Partner
(DBN)

Dentons Names New Bankruptcy Partner In Los Angeles
(DBN)

Advice On How To Make Partner At A Biglaw Firm From Someone Who Made The Jump
(DBN)

When Is Too Old To Practice?
(DBN)

Akin Gump Hires New Diversity Chief from WilmerHale
(DBN)

Partners Should Listen To Their Associates More
(DBN)

Associate Who Lied to Partner Suspended for Three Months
(DBN)

Last InfiLaw school seeks nonprofit status from ABA’s legal ed section Struggling Law School Vows To Change Its Ways, Triple In Size
(DBN)

If taught well, online law school courses can pass the test, experts say
(DBN)

With $1M donation, this law school plans to build pipeline of lawyers who have disabilities
(DBN)

Why Proper Document Redaction Is An Ethical Duty
(DBN)

KPMG's Legal Arm Announces 'Record' Growth in 2018 KPMG Legal Services Division Reports Record Revenue Growth
(DBN)

Ex-Trump lawyer Michael Cohen’s testimony at House Intelligence Committee delayed Trump echoes Richard Nixon and Watergate as he slams ‘partisan investigations’ in State of the Union The known history of Trump Tower Moscow In Mueller investigation, one big question: ‘Why are so many people lying?’ Mueller prosecutor leaves team in latest sign investigation is winding down Mueller probe filings raise prospect of more indictments Mueller Hauled Before FISA Court in 2002
(DBN)

House Democrats vow "MRI" of Trump's money President blasts Schiff over ‘harassment’ as Democrat reopens probe Trump’s tax returns are in focus as Democrats call for 10 years of disclosures
(DBN)

Justice Department starts investigation into Jeffrey Epstein plea deal
(DBN)

Pentagon moving 250 active-duty troops to Eagle Pass, Texas, because of migrant caravan NM Governor Pulls Troops from Border Arizona City Wants Razor Wire on Wall Gone Mexican Economic Plan to cut Migration to US
(DBN)

The Real Link Behind Crime and Immigration
(DBN)

Enraged Trump supporter attacks Obama mannequin
(DBN)

Man's murder defense: Scientology made me do it
(DBN)

Woman arrested after barking at police K9
(DBN)

NYPD to Google/Waze: Stop revealing location of speed traps
(DBN)

Ex-attorney on the run after failure to report to jail; his mother was found dead
(DBN)

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Judges:

BK MD AL Seeks Term Law Clerk
(DBN)

Attorney charged with misdemeanor after carrying firearm into courthouse
(DBN)

3rd Circuit strikes down requirement for Democratic and Republican balance on top courts
(DBN)

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Wall Street:

Dow futures are down triple digits ahead of earnings, Fed speeches
(DBN)

Stocks close lower as Trump's State of the Union offers few details
(DBN)

Global stocks slide as Germany's economy draws closer to a recession
(DBN)

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Layoffs:

Pacific Steel Casting declares bankruptcy, fails to pay full severance
(DBN)

GoPro predicts profit, thanks to massive layoffs
(DBN)

Hundreds more MOX workers issued layoff notices
(DBN)

Tesla details Bay Area layoffs, with sales and service taking hit
(DBN)

GM Cuts 1,300 Jobs at Warren Tech Center
(DBN)

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Farming:

Suicide "epidemic" in farmers Suicide Prevention Project Aims to Help Distressed Farmers
(DBN)

Farmers nearing crisis push back on Trump trade policies
(DBN)

Financial worries grow as Minnesota farmers prep for spring
(DBN)

Policymakers in ‘denial’ about depth of farm recession
(DBN)

Feed Supplier Liens Have Priority Over Bank Liens
(DBN)

Farmer bankruptcies swell to decade high in Midwest
(DBN)

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Retailing:

What will Sears look like on the other side of bankruptcy?
(DBN)

Sears bankruptcy boss defends proposed sale to controversial ex-CEO Eddie Lampert
(DBN)

Sears back in court as employees try to squash Lampert's deal
(DBN)

Sears employees say they have 'impossible choices'
(DBN)

Things Remembered files for bankruptcy to facilitate acquisition Things Remembered Selling Business To Enesco Things Remembered Announces Sale Agreement with Enesco
(DBN)

JC Penney will stop selling appliances at the end of this month
(DBN)

Majority of Retailers Say They Are Surviving, Not Thriving, in 2019 – BDO Survey Over 50% of American Retailers Say They Are in Trouble
(DBN)

Why only about half of Americans are showing Valentine’s Day any love this year
(DBN)

Retailers look to promote ‘experiences’ to survive the industry’s apocalypse
(DBN)

Retail Workers Make Up Smallest in the U.S. Workforce Since 1970
(DBN)

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Education:

The number of international students coming to the U.S. for grad school declined for the second year in a row
(DBN)

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Sports:

Football and NFL Facing White Flight
(DBN)

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Festivals:

Model: I Cried When I Watched Fyre Documentary, Reveals
(DBN)

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Mass Torts:

USA Gymnastics suing insurers for legal fees
(DBN)

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Healthcare:

Infamous pharma company declares bankruptcy after 3900% price hike
(DBN)

Bankruptcy auction approved for 3 Florida hospitals
(DBN)

Carlton Jones' absence leaves Tulare hospital future in limbo
(DBN)

Trump's anti-abortion push
(DBN)

FactCheck: "70 percent of Americans believe in improved and expanded Medicare for All"
(DBN)

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Gambling:

Only 1 owner profited from this casino - when it was closed
(DBN)

Nevada's largest casinos report $1.2B loss in fiscal 2018
(DBN)

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Economy:

Janet Yellen: Possible next Fed move is a cut if global growth continues to slow
(DBN)

Economists boost fourth quarter growth closer to 3% as trade war hits imports
(DBN)

Powell says Fed ‘paddling against the current’ of public mistrust in institutions Fed’s Powell reveals what he thinks is the biggest challenge over the next decade
(DBN)

Domestic Investors Pick Up U.S. Debt When Foreign Creditors Won’t
(DBN)

Mnuchin says Trump’s economic plan is working and ‘we’re not going "back to" socialism’
(DBN)

How has Trump really fared on the jobs front? This chart puts it in perspective
(DBN)

Mike Pence: The government shutdown wasn't a mistake
(DBN)

US trade deficit narrows much more than expected in a win for Trump Trade Deficit decreased to $49.3 Billion in November The US trade deficit tumbled to a 5-month low in November GOP Senators to Trump: Don't Kill NAFTA
(DBN)

Earnings forecasts are very negative but here’s why it’s not all bad
(DBN)

Hey, Chuck Schumer and Bernie Sanders, a ban on share buybacks is plain stupid, writes Cullen Roche Why liberal billionaire Warren Buffett is not likely to be a big fan of the new Democratic Party war on stock buybacks Buybacks are a $1 trillion political hot potato — here's why politicians and CEOs are sparring over them
(DBN)

Are boomers passing the torch when they retire, or just dropping it?
(DBN)

Despite policy moves to the contrary, Trump says he now favors more legal immigration
(DBN)

When tax incentives for jobs go wrong
(DBN)

Why Millions Being Hit with Surprise Tax Bills
(DBN)

FactCheck: "Seventy percent of the American public agree with" Alexandria Ocasio-Cortez "on having the top marginal (tax) rate for the rich" at 70 percent, and "that's a Fox News Poll saying that."
(DBN)

Ocasio-Cortez boosts progressive theory that deficits aren't so scary
(DBN)

America's business leaders reveal the things they are most worried about in a new UBS survey
(DBN)

World Bank Critic to Head World Bank
(DBN)

New Infrastructure Plan May be Doomed
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Clash Between 'Free and Clear' and Tenants' Rights Under Section 365(h)
(DBN)

Foreclosure Procedure: Very Small Details Can Make A Very Big Difference
(DBN)

MBA: Mortgage Applications Decrease in Latest Weekly Survey
(DBN)

Las Vegas Real Estate in January: Sales Down 18% YoY, Inventory up 106% YoY
(DBN)

Seniors are to blame for housing shortage, study finds
(DBN)

To sell a home fast, here’s what to focus on, real estate experts agree
(DBN)

JLL looks to aid survivors of retail apocalypse
(DBN)

The depressing reason rich people are now the fastest-growing segment of renters
(DBN)

Lenders, Law Firms Brace For Foreclosure High Court Ruling
(DBN)

Purchase demand projected to weaken in 2019
(DBN)

CMBS Delinquency Rate Continues Improvement in January
(DBN)

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

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Municipalities:

`Question Everything': Puerto Rico Hits $3.8 Trillion Market
(DBN)

Puerto Rico's bleak finances brighten with debt restructuring
(DBN)

Without more federal funds, 1.4 million Puerto Ricans will face food aid cuts, study finds
(DBN)

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Oil/Gas:

GM is going ‘all-electric,’ but it doesn’t expect to make money off EVs until early next decade
(DBN)

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Electricity:

Millions Could Lose Power Under PG&E's Plan To Prevent Wildfires To Reduce Wildfires, PG&E to Pull Plug on Customers PG&E would widely expand power outages in wildfire-prevention plan Pacific Gas & Electric vows to improve wildfire prevention Activists object to PG&E reliance on blackouts
(DBN)

Underinsured victims of wildfires partly at fault
(DBN)

Having a Government-Granted Monopoly Means Never Having to Say You're Sorry
(DBN)

Ratepayer Advocates Request Part in PG&E Bankruptcy
(DBN)

PG&E Contains Gas Leak That Caused San Francisco Explosion
(DBN)

PG&E safety record in dispute in probation case
(DBN)

Could California Take Public Ownership of PG&E?
(DBN)

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Fraud:

Miami Drug-Company CEO Guilty of Fraud So Large He Crashed a Puerto Rican Bank
(DBN)

Developer behind $58M Ponzi scheme sells Manhattan properties at auction
(DBN)

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Celebs:

The Kardashians Are Still Embroiled in Lawsuits Over Defunct "Kardashian Beauty" Venture
(DBN)

Patriots player Rob Gronkowski said he hasn't spent a dime of his $54 million NFL contract. Here are 5 money-saving tips you can learn from him.
(DBN)

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Student Debt:

This new show aims to be the ‘Jackass’ of student debt
(DBN)

Prominent Republican wants to take student-loan payments out of your paycheck
(DBN)

Student debt draining retired income
(DBN)

Some Workers Can Now Trade Vacation Time for Student Loan Relief
(DBN)

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Marijuana:

This is the surprising reason why Americans have dramatically shifted their views on legalizing pot
(DBN)

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Autos:

Reagor-Dykes Asks for Force Mediation in Bankruptcy Case
(DBN)

Renault Says Ghosn May Have Benefitted From Payments to Palace of Versailles Renault Troubled by Ghosn's Wedding Costs
(DBN)

GM Trust Negotiates New Proposed Settlement in Ignition Switch Defect Litigation
(DBN)

Fitch Puts Tata Motors on Negative Watch
(DBN)

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Auto Racing:

NASCAR team and track sponsor DC Solar files for Chapter 11 bankruptcy DC Solar files Chapter 11 bankruptcy, court papers show multi-million dollar debt
(DBN)

Emotional reactions on the bankruptcy of the STCC AB
(DBN)

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Tech:

Facebook's entire business model is in danger after it was given an unprecedented kicking by an EU regulator
(DBN)

The tech industry is getting away with the murder of capitalism
(DBN)

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Crypto:

The plot to revive Mt. Gox and repay victims’ Bitcoin
(DBN)

Judge Grants QuadrigaCX Creditor Protection
(DBN)

Spectacular Failure of Canadian Cryptocurrency Exchange Provides $190 Million Lesson on the Need for Digital Asset Compliance Protocols
(DBN)

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New Bankruptcy Opinions
(7 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 (4 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:

This One Here Is Gonna Kick My Butt' -- Farm Belt Bankruptcies Are Soaring Indiana Farm Bankruptcies Increased 36% In 2018 Farm bankruptcies across the upper Midwest have been at all time highs over the past 3 years, "rein in tarrifs"
(DBN)

January Total Bankruptcy Filings Increase 11 Percent From Previous Month January 2019 Bankruptcy Statistics- State and District January 2019 Bankruptcy Statistics- Commercial Filings
(DBN)

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Discharge:

Credit errors upend lives of thousands of consumers
(DBN)

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Trustees:

BK SD OH and ED TX Seek Ch. 13 Trustees
(DBN)

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Receivers:

How to Lose a Receiver in One Appeal
(DBN)

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Bankruptcy Rules:

Delaware Bankruptcy Court’s Local Rules For 2019 Now Effective
(DBN)

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Food/Beverage:

Kane Beef set for auction in Houston
(DBN)

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Climate:

Earth's 5 warmest years on record have occurred since 2014
(DBN)

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Politics:

Trump's SOTU revealed he had China in the crosshairs when killing a key nuke treaty with Russia
(DBN)

Get used to Trump’s ‘socialism’ jabs at Democrats as he fights for his political life in 2020 Radical conservatives in the Democratic Party holding back socialism? Venezuela’s Collapse Exposes the Fake Socialism Debated in U.S. WSJ: Who’s Afraid of Socialism? Democrats go bold on economic plans, a deliberate contrast to 2016
(DBN)

Did billionaires pay off Republicans for passing the Trump tax bill?
(DBN)

Trump to hold first rally of 2019 in El Paso FactCheck: Trump's El Paso Claims
(DBN)

Ivanka Trump unveils White House global women initiative How Jared and Ivanka Lost Washington
(DBN)

Trump’s State of the Union drew bigger TV audience than last year
(DBN)

She knows that you know. And frankly she’s disappointed that you thought this would work
(DBN)

This Lawsuit Hopes To Stop Identity Evropa's Founder From Hiding Behind Bankruptcy
(DBN)

China May Abandon Its 'No First Use' Nuclear Weapons Policy Russia Open to New Nuclear Pact
(DBN)

Elizabeth Warren's Last Stand Elizabeth Warren faces new fire over Native American claims Elizabeth Warren May Made Herself Toast
(DBN)

Virginia Attorney General Mark Herring reveals that he also wore blackface during college, threatening a constitutional crisis The cascading blackface and sexual assault scandals roiling Virginia politics, explained The past resurfaces with a vengeance Racial Gerrymander Defender Next in Line if Va. Dems Go The Bonfire of the Democrats
(DBN)

Virginia Rep. Bobby Scott knew of Fairfax allegations a year ago
(DBN)

State Rep. Anthony Sabatini dismisses Florida Democratic chair's call for his resignation over high school 'blackface' photo
(DBN)

Patriarch of Ricketts family of Cubs and Ameritrade note apologizes for racist emails
(DBN)

LA County, California to Purge 1.5M Voters
(DBN)

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Consumer Finance:

Trump administration rolls back payday loan protections, which may affect millions of young people Trump Wants to Give Loan Sharks Easier Access to the Poor Kraninger releases plan to gut CFPB Payday Lending Rule
(DBN)

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Sovereigns:

Debt Cancellation for Somalia
(DBN)

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UK:

Sterling drops as the Bank of England sees weakest outlook for the UK since 2009 Bank of England cuts UK growth expectations to lowest since financial crisis on Brexit fears, leaves rates unchanged
(DBN)

PwC to reap £44m from Carillion bankruptcy
(DBN)

Sir Terence only creditor likely to be paid following collapse of Prescott and Conran
(DBN)

Reporting misconduct by companies, directors and bankrupts to the Insolvency Service
(DBN)

Jeremy Corbyn backs a soft Brexit and dashes hopes of a second referendum
(DBN)

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PIIGS:

Film Portrays Ten Years of Financial Turmoil in Greece
(DBN)

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Canada:

Think-tank warns recession will trigger huge deficits
(DBN)

Supreme Court of Canada Releases its Decision in Orphan Well Association v. Grant Thornton Ltd, 2019 SCC 5
(DBN)

Redwater Decision: Bankruptcy Not a License to Ignore Environmental Obligations
(DBN)

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India:

India's politicians clash over historic basic income plans
(DBN)

Bidders for insolvent firms can borrow abroad to repay rupee loans
(DBN)

Supreme Court upholds Creditors Committee sovereignty under the IBC
(DBN)

Swiss Ribbons v. Union Of India – The Foundation For Modern Bankruptcy Law
(DBN)

In India, bankruptcy proceedings take place in super slow motion
(DBN)

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China:

China creates bankruptcy courts in Beijing and Shanghai
(DBN)

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Russia:

Refusal to seize $108 mln assets of Renaissance bank’s ex-managers
(DBN)

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Australia:

Aggrieved investors to be given a second chance to complain
(DBN)

Treasury misses deadline to hand over documents on Deripaska sanctions
(DBN)

______________

Philippines:

Why some Filipinos fear a Chinese military takeover of a bankrupt shipbuilder’s dockyard in Subic Bay
(DBN)

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Venezuela:

Venezuela’s Guaidó to appoint new board for Citgo, Rubio says
(DBN)

China and Russia loaned billions to Venezuela — and then the presidency went up for grabs Russia Starts to Worry Maduro's Grip Is Slipping in Venezuela
(DBN)

Venezuela's Rank-and-File Soldiers Have Been Deserting in Droves
(DBN)

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Norway:

Norwegian Air Shuttle loss widens as expenses rise
(DBN)

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Germany:

'Competition is fierce': Another German budget airline goes down as sector struggles
(DBN)

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