January 18, 2019

The Daily Bankruptcy News

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Due to the Martin Luther King holiday, The Daily Bankruptcy News will not publish on Monday, January 21, 2019



Law:

Feds Punish Skadden Over Firm's Unregistered Ukraine Work Skadden Law Firm to Pay $4.6 Million to U.S. Over Manafort Work
(DBN)

Former Kirkland, Chicago Boutique Lawyer Confesses to Years of Overbilling
(DBN)

After 32 Years with Quinn, Co-Founder Emanuel Bows Out for Retirement
(DBN)

Kelley Drye Re-elects Bankruptcy Lawyer Jim Carr as Firm Chair
(DBN)

GCs to Spend Less on Lawyers and More on Tech in 2019
(DBN)

Junior Lawyers Are Going Extinct And Nobody Knows What To Do About It
(DBN)

KPMG opens law firm in Hong Kong
(DBN)

Associates slam 'bed-blocking' partners
(DBN)

The Law School Making The Biggest Change To Their Admissions Standards
(DBN)

New Breed of Law Firm Execs Drive Innovation to Next Level
(DBN)

Lawyer feels ‘Hamiltonian’ after settling suit for ticket refund
(DBN)

How lawyers can make positive–and negative–online reviews work for them
(DBN)

When Will Women Lawyers Finally Get Their Due? Not In My Lifetime
(DBN)

Cohen says Trump directed him to pay for poll rigging President Trump Directed His Attorney Michael Cohen To Lie To Congress About The Moscow Tower Project Democrats say report that Trump told Cohen to lie about Moscow deal, if true, could prove obstruction Democrats bring up impeachment after BuzzFeed's new Trump report Michael Cohen implicates Trump, confirms report he paid firm to rig online polls in Trump's favor and create @WomenForCohen Twitter account The most bizarre tweets from 'Women for Cohen' Michael Cohen Really Wanted You To Think He’s Hot The downside of Michael Cohen’s testifying publicly Cohen hired firm to rig polls, only paid part of bill, bag of cash: report Ex-Trump lawyer: rigging polls 'was at the direction of' Trump Cohen Questioning Whether He Should Testify After Trump Attacks On His Family The Mueller Report May Always be a Secret Waiting for final Mueller report? It may be short on detail Mueller targets turn on each other
(DBN)

Rudy Giuliani shifted the goalposts on Trump-Russia collusion in a big way after Mueller's latest move Rudy Giuliani Is A Non-Stop Gaffe Machine And It’s Truly A Sight To Behold Rudy Walks Back His Story on Trump and Collusion
(DBN)

GSA lawyers punted on constitutional issue raised by Trump hotel lease, IG report says
(DBN)

Appeals court overturns judge's ruling that blocked Texas from ousting Planned Parenthood from Medicaid
(DBN)

Thousands more children were separated from their parents at the border than was previously known, inspector general reveals in bombshell report 2 Big Reasons We Don't Need a Border Wall
(DBN)

Leslie Moonves is going to arbitration with CBS over his $120 million exit package
(DBN)

A Royal Caribbean passenger reportedly jumped off the side of a ship and got banned from the cruise line for life
(DBN)

Millions of files from the Oklahoma government, including details of FBI investigations, were left exposed in a massive data breach
(DBN)

See the video: Lawyer in bathrobe serves up proper way to eat cereal in online ad
(DBN)

Compelling biometric features to unlock phones is ‘abuse of power,’ U.S. judge rules
(DBN)

Chicago police officers found not guilty of covering up the Laquan McDonald shooting
(DBN)

Lawyer Thinks Lawyers Run The World
(DBN)

Wife 'burns husband alive after he refused to give her his phone password'
(DBN)

Santa Hitler mug found in home of Miami man cops say targeted Jews
(DBN)

Junior lawyers targeted in mass phishing scam
(DBN)

Lawyer fined after calling client a 'dishonest and disgusting piece of ****'
(DBN)

Bonkers Law Firm Christmas card gives Death a starring role
(DBN)

Fed-up paralegal tells top firms to make him an offer
(DBN)

Elderly Florida Man Gets 'Road Rage,' Shoots at Driver
(DBN)

A KFC worker and customer got into a fight over a health violation. Then the chicken flew
(DBN)

General Motors employees claim in lawsuit co-workers hung nooses, drew Swastikas, and hung 'whites only' signs in a factory
(DBN)

Frosty: 1 4x4 Attacker: 0
(DBN)

Jury Awards $21.5 Million to Florida Woman Who Was Forced to Work on Sundays
(DBN)

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Judges:

BK ED NC: Due To Shutdown, Court Offices Will Be Cosed On Days That Court Is Not In Session
(DBN)

Trump Announces Six Male District Court Nominees
(DBN)

DC Circuit Won't Delay Net Neutrality Arguments During Trump's Shutdown
(DBN)

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Wall Street:

U.S. stock futures extend gains as investors cling to hope of trade resolution Dow is set to open up triple digits on growing optimism over US-China trade talks
(DBN)

Stocks close higher as US considers easing tariffs on China
(DBN)

Investors pulled a record $143 billion out of active funds during December’s plunge
(DBN)

The ‘eye of the storm’: SocGen says it can’t warn about stock-market problem enough
(DBN)

Goldman Sachs Admits Its Compliance Department Missed Disgraced Ex-Partner’s Bigamy, Fake Doctorate
(DBN)

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Layoffs:

Nissan to cut up to 700 contract workers in Mississippi
(DBN)

Tesla is laying off 7 percent of its full-time employees Effort to lower costs so the company can sell the Model 3 sedan at a lower price Elon Musk is firing more than 3,000 Tesla staff because of 'tiny' profits and Model 3 production challenges
(DBN)

Gymboree bankruptcy puts 10,000 retail jobs at risk
(DBN)

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Retailing:

Lampert wins Sears bankruptcy auction with $5.2 billion bid Sears announces Lampert's hedge fund, ESL, as winning bid in bankruptcy court auction
(DBN)

Sears' Workers: We're Doomed. Doomed
(DBN)

Sears creditors object to Eddie Lampert’s winning bid, call it part of ‘years-long scheme’ Sears Creditors Oppose Sale to Edward Lampert Sears' unsecured creditors say retailer's downfall was 'precipitated by years of misconduct,' object to Lampert's bid to save company Sears creditors seek to sue Eddie Lampert and challenge his victory in purchasing the company out of bankruptcy
(DBN)

'There is no way Sears is going to survive': Sears may live on, but some say failure is inevitable
(DBN)

Parents, take note: Gymboree gift cards may only be good for 30 more days
(DBN)

San Francisco’s Gymboree Files 2nd Bankruptcy, Begins Winding Down Operations
(DBN)

Doom and gloom: Department stores' disappointing holiday sales results spell trouble for 2019
(DBN)

Macy's on the brink
(DBN)

Federal regulators object to Nine West bankruptcy plan
(DBN)

J.Crew is kicking off 2019 with a set of store closings
(DBN)

Tiffany's stock falls after holiday sales fall and downbeat full-year outlook
(DBN)

2018 was a great year for retail, 2019 is another story
(DBN)

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Economy:

Weekly Initial Unemployment Claims decreased to 213,000
(DBN)

Philly Fed Mfg "Continued to Grow" in January
(DBN)

Recession is the number one fear for CEOs in 2019, survey says
(DBN)

The richest 1% own 50% of stocks held by American households
(DBN)

American Express misses estimates on slowing customer spending
(DBN)

Jeffrey Gundlach on How to Read the Economy's Mixed Signals
(DBN)

How 4 Big US Companies Used Their Tax Cuts
(DBN)

The unprecedented US shutdown is the latest headache for the stock market — and some experts say it could speed up the next recession The government is not shut down. It's just not paying people. TSA says absences rise because airport screeners can’t afford to work unpaid Furloughed workers are facing an all-too-common problem for many Americans—living paycheck to paycheck Secret Service agents struggle with no pay, White House thinks next week could eat another 0.13% of quarterly GDP I’m furloughed. I’m also disabled. I have to choose between care and keeping the lights on Trump says Pelosi's overseas trip 'has been postponed' because of shutdown Trump stops Pelosi’s trip to visit troops in Afghanistan right before plane was due to take off Melania Trump reportedly took a military plane to Florida, hours after Trump canceled Nancy Pelosi's government flight to Afghanistan because of the shutdown Lindsey Graham Rebukes Trump for Postponing Pelosi Trip Pelosi backtracks on the reasoning for her letter asking Trump to delay State of the Union Fed's Kashkari says big banks are safer now than before the financial crisis 'Flying blind': Americans are left in the dark on the state of the economy during a government shutdown The government shutdown is in day 27 and has shattered the record for the longest shutdown in history The record-breaking government shutdown is putting the US at risk of a major cyberattack Craft brewery’s suit says government shutdown is harming its First Amendment labeling rights Most State Dept. Employees Will Return to Work Next Week Despite Shutdown State Department finds new funds to recall and pay furloughed workers Will the government shutdown affect tax refunds and returns? Maybe not Government workers still don’t have a salary due to the shutdown. American businesses are helping them out Gary Cohn: Shutdown is Completely Wrong Coast Guard Retirees May Miss Pension Checks Paychecks, IPOs and GDP data: Here are the next things the government shutdown could disrupt The Shutdown Is Screwing With Cities and Mayors Are Not Pleased Polls agree: Americans don't like shutdown and they blame Trump Why Alaska has more at stake in the government shutdown than any other state Shutdown Personally Affected 21 Percent of U.S.: Poll
(DBN)

US officials debate lifting tariffs on China to get a trade deal The Trump administration is reportedly considering lifting some tariffs on China to help get a trade deal done
(DBN)

The economy of every state and DC, ranked from worst to best
(DBN)

Utah Shows How Labor-Force Growth Fuels Economic Growth
(DBN)

Tiny Indian state proposes world's biggest experiment with guaranteed income
(DBN)

Gloomy forecast for Davos: crises aplenty, but few world leaders Trump Cancels US Delegation to Davos Forum
(DBN)

Transports see best January in six years, but traders hedge for the worst
(DBN)

Employ Millennials? Here's Why You Should NOT Try To Retain Them
(DBN)

Millennials Are Doomed To Face An Existential Crisis That Will Define The Rest Of Their Lives
(DBN)

Boston's valedictorians are struggling to make it after high school
(DBN)

Record-Low 46% of Women Pleased With Society’s Treatment
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Student debt has prevented hundreds of thousands of millennials from buying homes, Fed says
(DBN)

Housing advocates ask for pause on foreclosures during shutdown
(DBN)

Why Reverse Mortgages are a Bust
(DBN)

California Existing Homes in December: Sales Down 12% YoY, Inventory Up 31%
(DBN)

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Municipalities:

Trump tried to illegally withhold disaster relief money from Puerto Rico
(DBN)

House floor erupts after GOP lawmaker shouts ‘Go back to Puerto Rico’ Congressman Sorry for 'go Back to Puerto Rico' Outburst
(DBN)

Puerto Rico bankruptcy decision a death star for Wall Street
(DBN)

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Oil/Gas:

Distressed Solutions: Energy Bankruptcies and the Intersection of Contract Rejection and FERC
(DBN)

US will ‘reinforce its leadership’ as the world’s top crude producer in 2019, IEA says
(DBN)

KMI’s Contracts with PG&E a Concern in Otherwise Strong Year for Midstreamer
(DBN)

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Politics:

Generation Z may be most liberal demographic yet Generation Z Looks a Lot Like Millennials on Key Social and Political Issues Defining generations: Where Millennials end and Generation Z begins
(DBN)

The Obamas are worth 30 times more than when they entered the White House in 2008
(DBN)

Trump calls for enhanced missile defenses, stressing evolving threats from China and Russia
(DBN)

Alexandria Ocasio-Cortez used her first speech on the House floor to rip Trump over the shutdown and 'the erosion of American democracy'
(DBN)

Trump pulls military plane from Pelosi overseas trip in shutdown fight
(DBN)

Trump Losing Some Support with Base
(DBN)

Many Voters Think Trump’s a Self-Made Man. What Happens When You Tell Them Otherwise?
(DBN)

Judge orders Susan Rice, other Obama officials to answer questions in Clinton email case
(DBN)

5-Term Republican Congressman Suddenly Resigns
(DBN)

Preseason is over for Beto O'Rourke
(DBN)

Senate Moves to Stop Trump on NATO Move
(DBN)

In bipartisan vote, House rebukes Trump for easing Russia sanctions
(DBN)

Another Trump-Kim summit may be good for diplomacy, but not so much for denuclearization
(DBN)

President's Biographer: Trump Has to Rig Every Game He Plays
(DBN)

The making of Trump's Enemies List
(DBN)

Mounting pressure for Trump to reconsider Syria withdrawal
(DBN)

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Travel:

TSA Agent: ‘Things Not Being Checked Like They Should Be’
(DBN)

Dog gets loose on LAX tarmac, wreaks havoc
(DBN)

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Mass Torts:

Missouri Supreme Court Halts Upcoming Talc Trial of 13 Women
(DBN)

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Autos:

Bankruptcy judge allows Ford and Toyota to stop doing business with Reagor Dykes Court rules Ford Credit can repossess vehicles from Reagor-Dykes Judge rules Toyota can revoke Reagor-Dykes dealership
(DBN)

Tesla warns on Q4 profit, cutting jobs to pull down Model 3 price Tesla cuts 7% of its workforce, saying there’s a ‘very difficult’ road ahead Read the email Elon Musk sent to Tesla employees explaining the need for job cuts
(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 (16 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (3 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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Cramdown :

Second Circuit Adopts Secured Creditor Cramdown Standard Based on Market Efficiency
(DBN)

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Communications:

Chapter 11 Communications in the Age of Sears and PG&E
(DBN)

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Make-Whole:

Ultra Petroleum Corp. Announces Favorable Opinion for Company on Make-Whole Litigation Appeal
(DBN)

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Electricity:

Possible $30B tab for California wildfires spurs utility company to elevate GC, prepare for bankruptcy filing
(DBN)

How Should Shareholders Handle PG&E's Bankruptcy Filing?
(DBN)

California Shouldn’t Waste a PG&E Bankruptcy
(DBN)

PG&E spikes after a hedge fund challenges its 'damaging, avoidable, and unnecessary bankruptcy' BlueMountain Pushes Back on PG&E’s Plans to File for Bankruptcy
(DBN)

PG&E’s looming bankruptcy is ominous for green power
(DBN)

PG&E Bankruptcy Could Deal Blow to Its Solar-Power Suppliers’ Finances
(DBN)

Fitch says PG&E's bankruptcy will not hurt California's credit rating
(DBN)

As California enters a brave new energy world, can it keep the lights on?
(DBN)

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MLM:

LuLaRoe supplier files new demand for immediate seizure of $34 million and claims the company is quietly liquidating goods
(DBN)

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Movie Theaters:

The parent company of MoviePass has filed to spin it off following hundreds of millions in losses
(DBN)

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Healthcare:

A woman had a stroke next to one of Wisconsin's best hospitals. But her ambulance was turned away from the emergency room - and she died
(DBN)

Blood from the young now on sale for the old: $8,000/liter
(DBN)

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Cybersecurity:

773 Million Email Addresses Leaked
(DBN)

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Climate:

Snowstorms to be followed by Arctic outbreak in eastern half of nation
(DBN)

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Food/Beverage:

Court allows sale of troubled Oregon dairy farm to proceed
(DBN)

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Student Debt:

Student debt is depleting rural America
(DBN)

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Banking:

The major bank earnings reports are all in and Morgan Stanley was the biggest loser
(DBN)

Wells Fargo Admits That It Will Remain In A Bad Bank Time Out For 2019
(DBN)

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Personal Finance:

14 Things You Should Never, Ever Say In A Job Interview
(DBN)

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Fraud:

Malaysia will forget all about the Goldman Sachs 1MDB scandal for the low, low price of $7.5 billion
(DBN)

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Compensation:

JPMorgan CEO Jamie Dimon just took home a $31 million pay packet — despite the bank's share price dropping 9% last year
(DBN)

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UK:

UK demand for credit cards and mortgages is collapsing as Brits brace themselves for the shock of Brexit The Brexit dilemma: British politics is broken France Activates the No-Deal Brexit Option Crispin Odey: if Brexit is not delivered we risk ‘revolution’ Brexit row erupts as opposition party rejects Theresa May’s offer for talks
(DBN)

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New Zealand:

Why Is All of New Zealand Obsessed With This Drunken, Littering, Rowdy Tourist Family?
(DBN)

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Netherlands:

Russian court's declaration of Yukos Oil bankruptcy not recognized in the Netherlands
(DBN)

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China:

A string of encouraging signals is making investors increasingly positive about China’s economy
(DBN)

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Argentina:

In Argentina crisis, firms do everything to cut costs - except fire workers
(DBN)

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Japan:

Japan’s anti-retirement miracle
(DBN)

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