January 31, 2019

The Daily Bankruptcy News

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Law:

Biglaw Bonus Bonanza — With Extra Cash For Big Billers
(DBN)

Lax tenure standards may have high costs at elite law schools
(DBN)

Judge in Yahoo data breach case criticizes ‘unreasonably high’ attorney fees
(DBN)

Women Argue Only a Fraction of Supreme Court Cases
(DBN)

Big 4's Legal Inroads Seen As Wake-Up Call For Firms
(DBN)

Some Attorneys Are Partners in Life, Partners in Practice
(DBN)

Satisfied Attorneys Are the Overlooked Key to Revenue Growth
(DBN)

Josef Mintz Elected President of the Turnaround Management Association’s Philadelphia/Wilmington Chapter
(DBN)

Surprising Exactly No One, Skadden Associate Is A Pats Fan
(DBN)

Federal Judge Approves $5.5 Million Settlement In Temple U.S. News Rankings Scandal
(DBN)

Gender bias plaintiff takes new tack with state court complaint
(DBN)

"It's Not About Dumping White, Male Lawyers:" Signatory to Open Letter Explains Why This Diversity Push Is Different
(DBN)

Black Biglaw Partner Isn’t Buying Into The Latest In-House BS On Law Firm Diversity
(DBN)

The Sheriff At The Heart Of This Biglaw Firm
(DBN)

$15 million gift to Albany Law School from anonymous donor
(DBN)

Alternative legal services providers come into their own as major players, says new report
(DBN)

A Black Partner Responds to GCs on Law Firm Diversity
(DBN)

How to avoid a thin, shaky voice when you are about to give a speech
(DBN)

Lawyer sues Apple, claims FaceTime bug “allowed” recording of deposition Lawyer’s suit says FaceTime bug allowed secret recording of deposition, caused emotional trauma
(DBN)

Apple iCloud bug ‘let anyone read your private iPhone notes’ – and was ‘kept a secret’, security expert claims
(DBN)

The New Law Firm: Old Blood, New Blood, And Robot Blood?
(DBN)

This lawyer got a gig in Silicon Valley by promising to automate a lot of legal grunt work — now he’s got his own company
(DBN)

Roger Stone faces a gag order. He has a plan to resist it Will Roger Stone flip on Trump? His answers about it are weird Michael Cohen Is Ready to Talk Russia to Congress Roger Stone says Trump's presidency is in danger, calls Mueller's Russia probe a 'speeding bullet' heading for president's head Meet the civil rights attorney who may have linked Roger Stone and WikiLeaks Mueller says evidence in case against Russian firm was used in ‘disinformation campaign’ Mueller Says Discovery Leak Aimed To Smear Russia Probe Law Prof Suggests Trump Pardon May Not Be Enough to Save Roger Stone
(DBN)

Protesters Want To Make Trump Testify In Assault Suit
(DBN)

Sandwich shops are now refusing to do business with ICE
(DBN)

Along the U.S.-Mexico Border An undocumented woman who worked at one of Trump's golf resorts will be in the audience during his State of the Union address
(DBN)

Attorney Can't Claim Libel Over Remarks By Another Lawyer In News Article
(DBN)

House to hold first hearing on gun violence prevention since 2011
(DBN)

Rand Paul wins $580,000 in lawsuit against neighbor who assaulted him
(DBN)

Hunton Andrews Beats Disqualification Bid
(DBN)

Fake News On Steroids
(DBN)

Bezos Divorce: She's Giving Him Half
(DBN)

Man Holds up Restaurant at Finger-point
(DBN)

Florida Man Held For Over 40 Days Before Police Test Bag Of “Heroin” And Find Tide Detergent
(DBN)

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Judges:

BK ND IL: Closed For Weather On Thursday, January 31, 2019
(DBN)

BK WD MI Open
(DBN)

BK WD NY (Buffalo) Closed For Weather 1/31
(DBN)

Extreme cold causes widespread court closures in Midwest
(DBN)

The Courts Are Making a Killing on Public Records
(DBN)

Calif. Weighs Abolishing Court Fees After Landmark Ruling
(DBN)

Judge Pulled Rank To Escape Cuffs In Arrest, Cops Say
(DBN)

Pro-Kavanaugh Meme and More Has University Appointee in Hot Water
(DBN)

Man accused of r----- three children in a week was released on bail twice by same judge
(DBN)

Trump names judicial nominees for influential 9th Circuit
(DBN)

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Wall Street:

Tech sector looks set to drag stocks higher a day after Fed’s dovish surprise
(DBN)

Stocks close at best levels in nearly 2 months
(DBN)

Markets are loving the Fed's 'patient' stance on rates — and with Facebook's blowout quarter it's a sea of green for stocks
(DBN)

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Layoffs:

Pittsburgh: Major layoffs at the Art Institute
(DBN)

Standard Furniture cutting 180+ jobs
(DBN)

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Politics:

Furious Trump lashes out at his ‘naive’ intelligence chiefs for contradicting him on Iran GOP poised to rebuke Trump 'Perhaps intelligence should go back to school!' — Trump lashes out at his intel chiefs after they contradict his views on global threats Trump blasts intel chiefs as 'passive and naive' Everything Donald Trump got wrong about national security in five tweets today Schumer Calls for Trump Intelligence 'Intervention'
(DBN)

McConnell blasts House bill that makes Election Day a federal holiday - A "power grab" by . . . voters?
(DBN)

President Trump Job Approval - Poll of Polls: Approve: 41% - Disapprove:55.5%
(DBN)

House GOP Rolls With ‘States’ Rights’ To Defend Gerrymandering, Voter Suppression
(DBN)

Second Trump-Kim summit risks US credibility Trump just admitted North Korea might keep its nuclear weapons
(DBN)

Former Trump aides charging $200,000 on speaking circuit
(DBN)

Howard Schultz criticized for — among other things — not knowing how much Cheerios cost Howard Schultz: Elizabeth Warren's Programs "Will Lead To Socialism In America" Howard Schultz: I'm A Billionaire, I Thought That Was The American Dream How Howard Schultz ran Starbucks tells us how he might run America Howard Schultz says he would improve Obamacare, force Big Pharma to negotiate on drug prices Some Starbucks baristas are begging their former CEO not to run for president Starbucks baristas told how to handle Schultz 2020 questions Howard Schultz is above the political fray — so high above he often doesn’t vote President Schultz? Not with the Electoral College
(DBN)

Alexandria Ocasio-Cortez got a glowing review from Steve Bannon, who praised her 'grit, determination, fighting spirit'
(DBN)

Trump, 115th Congress historically ineffective, Washington Times Legislative Activity Index finds
(DBN)

Historic shift: More Hispanic than black voters in 2020, whites decline to 66%
(DBN)

8 Charts on Trump's First Two Years
(DBN)

Two new books recall the day Trump and his team watched the infamous 'Access Hollywood' tape
(DBN)

Indiana GOP Lawmaker Wants to Repeal State's Child Labor Laws, Which Could Benefit His Business
(DBN)

Midterm losers and retired politicians sign on as political pundits
(DBN)

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Climate:

Temperatures Plunge to Lowest Levels in Decades as Polar Vortex Hits Midwest Polar vortex-linked Arctic blast sets painful records, kills at least 5
(DBN)

Kentucky Governor Says America's "Getting Soft" for Canceling School During Polar Vortex
(DBN)

The US Postal Service is suspending mail delivery in more than 100 ZIP codes because of the extreme cold USPS suspends delivery in 11 states, citing safety concerns
(DBN)

Subzero temperatures in Midwest are shuttering offices, canceling flights and even disrupting the mail
(DBN)

US arctic blast persists, but should lose some of its bite by the weekend
(DBN)

Hell freezes over
(DBN)

A polar vortex is engulfing the US. Here's what that really means, and why these events might be getting more common U.S. Midwest Freezes, Australia Burns: The Age of Weather Extremes
(DBN)

It is so cold in Chicago they’re lighting railroad tracks on fire
(DBN)

NYC just got hit by a 'snow squall' with winds up to 50 mph that disappeared in under an hour
(DBN)

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Healthcare:

ME: Lincoln hospital has debts of nearly $10,000,000 according to bankruptcy documents Hospital Owes Up To $10 Million To Nearly 900 Creditors Lincoln hospital will keep operating despite $10M in debts
(DBN)

Attorney General Becerra: Bankruptcy Should Not Be Used as a Means to Evade Responsibility for Care of Patients
(DBN)

Kamala Harris and the Democrats’ Medicare-for-all litmus test How Kamala Harris Fast Tracked Democrats' Health-Care Debate
(DBN)

Early risers enjoy better mental health, major genetic study finds
(DBN)

Fake Walgreens Pharmacist Alleged to Have Filled 750,000 Prescriptions
(DBN)

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Retailing:

Sears Once Sold Heroin
(DBN)

Eddie Lampert Has Just Become a 2020 Presidential Campaign Issue
(DBN)

Shopko 'on track' to preserve business, attorney says
(DBN)

Is Eddie Lampert set to 'steal' Kenmore brand? Courtroom clash will decide fate of Sears
(DBN)

Pending Sears Buyout Puts Regional Mall Owners in Limbo
(DBN)

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Construction:

New Delaware Chapter 11 Filing – Consolidated Infrastructure Group, Inc.
(DBN)

Construction Payments: Can A Debtor Grab the Money?
(DBN)

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Economy:

Fed holds rates stable, pledges 'patient' approach, expects 'ample' balance sheet FOMC Statement: No Change to Policy Here's what changed in the new Fed statement Fed Chair Jerome Powell says the case for raising interest rates ‘has weakened’ The Fed gives the financial markets their wish list Trump couldn’t get his border wall but is getting a sea of Fed liquidity Art Cashin: It’s ‘pretty obvious’ the Fed is moving to the whims of the markets
(DBN)

ADP: Private Employment increased 213,000 in January
(DBN)

The hypocrisy of Trump’s jobs claims, in one chart
(DBN)

Citizens Bank Survey Shows Strong Middle-Market Business Optimism
(DBN)

Here’s the debate over whether Fed’s balance-sheet runoff is slowing the economy and stoking volatility
(DBN)

U.S. Economy Is Slowing, Survey Says
(DBN)

New-home sales lead backlog of economic reports about to trickle out
(DBN)

A $265 billion investment chief says one of the most valuable economic indicators is signaling a recession in about 18 months
(DBN)

Scared of a recession? Watch these 5 signals to stay ahead of the game
(DBN)

What would you do if you missed two paychecks?
(DBN)

Trump tells lawmakers: Don't waste your time, deal needs wall Are We Headed for Another Shutdown? Experts: Price tag for border wall likely to balloon with hidden costs Chertoff: Border Wall a Waste of Money Democrats unveiled a new border-security plan that still doesn't include money for Trump's wall but 'everything's on the table' Many Families May Need Months to Recover From the Shutdown The High Cost of the Shutdown — and What Happens Next Shutdown Shows American Institutions Are Alive and Kicking GOP blocks resolution condemning use of shutdowns as negotiating tactic Fed Chair Powell says economy will make back most of shutdown effect in the next quarter Lindsey Graham floats a dangerously irresponsible escalation of the slat wars Border Security Talks Begin On Capitol Hill Eric Trump Urges Father To Declare National Emergency Over Border Wall Funding The US border situation isn’t a national emergency, Pentagon officials tell Congress House Dems to Force Vote Against Shutdowns Republicans signal desire to de-escalate battle over wall Trump: Border security talks a waste of time if they don't include a 'wall or physical barrier' Shutdown Delayed Ratification of NAFTA 2.0
(DBN)

Foxconn is reconsidering plans to make advanced LCD panels at a $10 billion Wisconsin campus, challenging Trump's claim that he could revive American manufacturing Foxconn is reconsidering plans for Wisconsin plant touted by Trump and then–Gov. Scott Walker Foxconn denies report that it is scrapping LCD TV production at new Wisconsin plant Foxconn backs out of Wisconsin manufacturing job pledge Trump touted
(DBN)

Here are the winners and losers of the lumber trade war Tariffs enabled top US steelmaker Nucor to build new billion-dollar plant, says CEO Advisor to Chinese leaders: Trump trade demands are ironically better long term for China Trump says final U.S.-China deal won't be made until he meets Xi
(DBN)

Dimon says he’s willing to pay higher taxes, but government spending needs to be more effective
(DBN)

5 anti-poverty plans from 2020 Democratic presidential contenders, explained
(DBN)

Trump's Asian Bankers Aren't Happy
(DBN)

The Generation of Grandparents Who Keep Their Grandchildren Afloat
(DBN)

It's Official: Trump Tax Cuts Were a Bust
(DBN)

Key Democrat Says He Wants to Cut the Deficit in Half
(DBN)

H-1B visa process revamped to favor workers with degrees from U.S. universities
(DBN)

Majority of Americans continue to say immigrants strengthen the U.S.
(DBN)

Immigrant share in U.S. nears record high but remains below that of many other countries
(DBN)

Conservative Groups Push For Tolling Every Road
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

NAR: Pending Home Sales Index Decreased 2.2% in December December pending home sales drop to lowest point in five years, despite much lower interest rates
(DBN)

Southern California home sales plunge 20% in December to the lowest pace in 11 years
(DBN)

Here's where homeowners are relocating
(DBN)

Zillow Case-Shiller Forecast: Smaller House Price Gains in December YoY
(DBN)

Case-Shiller House Price Index Since 1976
(DBN)

White House walks back Otting comment on imminent GSE reform
(DBN)

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

Freddie Mac: Mortgage Serious Delinquency Rate Decreased in December, Lowest since 2007
(DBN)

Mississippi mansion’s future uncertain as foreclosure auction looms
(DBN)

TX: GOMO gets go-ahead to present plan
(DBN)

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Municipalities:

The Importance of Disinterestedness: PROMESA and McKinsey & Co.
(DBN)

Judge approves procedures to manage proposed annulment of $6 billion in Puerto Rico debt
(DBN)

Attorneys demand more time to fight proposal to dismiss Puerto Rico debt
(DBN)

US House committee members question Oversight Board debt estimates
(DBN)

U.S. Appeals Court reverses ruling on Puerto Rico pension bonds
(DBN)

The Clinton Foundation aids Puerto Rico
(DBN)

VI Gov. Albert Bryan Jr.: The state of the territory is 'distressed'
(DBN)

Will city act on plan offering solutions to Salinas' money woes?
(DBN)

In Flint, trust is lost. And bottled water supplies are running low.
(DBN)

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Oil/Gas:

Crude vaults to yearly high as Saudi shipments to U.S. dwindle
(DBN)

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Autos:

Ford's CFO says the automaker's $11 billion restructuring plan could pay off sooner than expected
(DBN)

Elon Musk says Tesla will be profitable for 'all quarters going forward' Elon Musk said Tesla vehicles will likely drive without human assistance by the end of 2019 Elon Musk said he expects Tesla to deliver around 50% more cars than last year, even if there's a global recession Tesla shares drop sharply after Musk says CFO Ahuja is leaving the company — for the second time Tesla Lost $976 Million in 2018 Tesla Still in the Black
(DBN)

GM halts production in Michigan amid natural-gas shortage: report GM halts operations at 11 Michigan plants after utility’s urgent appeal
(DBN)

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Personal Finance:

10 excellent email examples for job hunters
(DBN)

This guy spends more than $9,000 a month after fixed costs — here’s how he’ll start to cut back
(DBN)

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Gold:

Gold refiners Valcambi and Asahi make separate bids for bankrupt U.S. rival
(DBN)

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Amusement Parks:

NY Wheel reserves right to file for bankruptcy, court papers say
(DBN)

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Celebs:

RHOBH Star Dorit Kemsley's Money Woes Continue, She And PK Now Accused Of Owing $1 Million In Back Taxes
(DBN)

Is Tori Spelling Bankrupt? Why American Express Is Suing
(DBN)

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Coal:

Cloud Peak Energy Provides Update on Strategic Alternatives Review Cloud Peak Energy Corp.’s New Year’s resolution list for 2019 is short — survive 'Odds really long' Cloud Peak avoids bankruptcy
(DBN)

Coal mines are closing as less demand for fossil fuel
(DBN)

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Student Debt:

How To Never Get Rejected For Student Loan Forgiveness
(DBN)

Income Share Agreements: What Students Should Know Before Signing
(DBN)

Income-Based Repayment Planning: The First 10 Years
(DBN)

Surviving Your Student Loan Crisis
(DBN)

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Paper Products:

The Latest Short Squeeze: Orchids Paper Products
(DBN)

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Fraud:

From Lawyers To Fyre Festival Influencers To Donald Trump, No Consequences (Yet) For Hawking Total Scams
(DBN)

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Debt Collection:

2nd Circuit Affirms Individual Owners of Debt Collector Companies Personally Liable for Companies’ FDCPA and FTCA Violations
(DBN)

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Crypto:

NEM Slides as Foundation Faces Bankruptcy, Layoffs and Restructuring
(DBN)

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Religion:

God ‘wanted Trump to become president,’ Sarah Sanders says
(DBN)

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Freight:

Amazon is hauling cargo in self-driving trucks
(DBN)

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Television:

Customers Flee in Droves from DirecTV Now
(DBN)

Fuse Media defaults after missing $12M interest payment
(DBN)

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Farming:

American mushroom growers say China ‘skirting the law’
(DBN)

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New Bankruptcy Opinions
(8 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (26 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (24 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:

BK ED WA: Filings fall 4.8 percent
(DBN)

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Bankruptcy Reform:

Small Business Bill Aims To Streamline Bankruptcy Filings
(DBN)

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Make-Whole:

Fifth Circuit: Make-Whole Premiums Should Be Disallowed as Unmatured Interest
(DBN)

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Cross-Border:

The Rule in Gibbs – An End to Creditor Protection?
(DBN)

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Advisers:

The Inside Track - Joff Mitchell
(DBN)

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Marijuana:

Way to Grow gets ‘no go’ from bankruptcy court
(DBN)

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Corporate Governance:

California Court of Appeal Enforces Delaware Forum Selection Bylaw
(DBN)

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Electricity:

PG&E Headed Back to Court Over Wildfires After Declaring Bankruptcy
(DBN)

Are California’s solar and wind projects at risk in PG&E bankruptcy?
(DBN)

‘Safety is not your No. 1 thing.’ Judge rips PG&E over California wildfires SF Judge Finds PG&E Violated Probation, Ponders Further Action to Address Wildfire 'Emergency' PG&E Violated Probation, Federal Judge Says in Heated Hearing Judge berates PG&E for violating its probation, says safety was not top priority Judge says PG&E violated its probation in criminal case Judge finds PG&E violated probation in San Bruno case, opening it up to new penalties U.S judge holds off on imposing measures on PG&E to slash wildfire risks PG&E Judge Sees a ‘Clear-Cut Pattern’ of Utility Starting Fires
(DBN)

Court filings lay out key reasons for PG&E's bankruptcy and need to cut portfolio
(DBN)

In PG&E Bankruptcy, Another Judge May Play Key Role
(DBN)

Lawsuits Demanding the PG&E Pay for Damages From Wildfires Thousands of victims are among PG&E plaintiffs in bankruptcy
(DBN)

Will PG&E bankruptcy hurt safety at Diablo Canyon? Rep. Carbajal demands answers
(DBN)

To prevent wildfire Frazier bill would require utilities to move electrical equipment, bury or fireproof it
(DBN)

PG&E Bankruptcy Threatens Power Purchase Agreements
(DBN)

AlixPartners’ Mesterharm Named Chief Restructuring Officer
(DBN)

'Shameful': PG&E is trying to keep a $130million cash bonus program for its employees despite declaring bankruptcy and 'being too poor to pay wildfire victims'
(DBN)

PG&E Suppliers Face Uncertainty Amid Bankruptcy Plans
(DBN)

Disappointment, Concerns Grow as PG&E Files for Bankruptcy Protection
(DBN)

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Irony:

Man behind Museum of Failure declared bankrupt
(DBN)

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Awards:

Bankruptcy Attorney Teddy Kapur Named As One Of Most Influential Minority Attorneys In Los Angeles
(DBN)

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Religion:

Despite Trump's Support, Teaching the Bible in Public Schools Is a Bad Idea—For Christians
(DBN)

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Aviation:

OneJet's biggest creditor files objection to bankruptcy trustee's proposal
(DBN)

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Furniture:

Church furniture store files for bankruptcy, leaves more than 300 creditors unpaid
(DBN)

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Newspapers:

Loss of newspapers contributes to political polarization
(DBN)

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Non-Profits:

Norwalk theater clears bankruptcy, still on the hook for debt
(DBN)

An Ohio Museum Was About to Show the Boy Scouts’ Collection. A Looming Bankruptcy and Abuse Scandal May Nix the Show
(DBN)

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Pharma:

OxyContin Maker Explored Expansion Into “Attractive” Anti-Addiction Market
(DBN)

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UK:

Court of Appeal guidance as to adjudication by insolvent companies
(DBN)

Theresa May is on a doomed mission to renegotiate Brexit People's Vote campaigners are seriously 'demoralized' after May defeats plan to delay Brexit Juncker Says Chance of No-Deal Has Increased Pimco backs UK banks — even in ‘chaotic’ Brexit UBS downgrades UK economy as Brexit uncertainty ramps up EU to UK: Abandon Hope, No Mercy for You Brexit Already Damaging UK Auto Industry UK Automakers Issue Stark Brexit Warning
(DBN)

European Union president tells UK that Brexit agreement is not open to renegotiation
(DBN)

A senior Barclays executive was terrified that the bank's financial crisis-era Qatari deals looked corrupt
(DBN)

Ireland says Brexit backstop alternatives tested, none work
(DBN)

Barclays planning to move assets worth tens of billions to Ireland
(DBN)

British restaurant insolvencies hit record, study shows
(DBN)

House price growth at near six-year low
(DBN)

What does the new insolvency regime mean for colleges?
(DBN)

Troubled energy provider confirms big losses
(DBN)

Cardiff bankrupt sentenced for hiding assets from Official Receiver
(DBN)

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EU:

The Oldest Casino in Europe Announces Bankruptcy?
(DBN)

Reorg Europe: Q4 2018 European Leveraged Loan Market Update
(DBN)

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PIIGS:

It's official: Italy is in a recession Italy in recession amid sluggish eurozone
(DBN)

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Canada:

Alexandre Taillefer says he lost everything in Teo Taxi's bankruptcy Téo Taxi's failure 'a slap,' Taillefer says; he won't run to lead Liberals
(DBN)

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Venezuela:

How Venezuela's economy can recover from the Maduro regime
(DBN)

Pressure On Maduro Intensifies As Venezuela Braces For More Protests ‘Let’s not permit a new Vietnam in Latin America,’ Maduro warns Trump administration
(DBN)

Trading of PdVSA Bonds Comes to a Halt
(DBN)

Venezuela's Political Crisis Explained
(DBN)

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Australia:

The next frontier – UNCITRAL’s Model Law on Recognition and Enforcement of Insolvency-Related Judgments
(DBN)

Bestjet goes into liquidation as ASIC officials attend second creditors meeting
(DBN)

Australian beauty brand Napoleon Perdis faces shock collapse
(DBN)

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India:

Jet Airways denies being told to ground aircraft 19 flights canceled as Jet defaults on rent State Bank of India poised to control 15% in debt-laden Jet Airways
(DBN)

Guaranteed income pledge shakes up India's election
(DBN)

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China:

Distress test: beware China’s $3tn of troubled debt
(DBN)

China's manufacturing better, but still listless China says its manufacturing activity contracted for the second-straight month in January
(DBN)

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Brazil:

Samarco unveils restructuring talks as Vale spill hits bonds
(DBN)

Death Toll From Brazilian Dam Collapse Rises Sharply
(DBN)

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Philippines:

Hanjin shipyard bankruptcy poses dilemma for Duterte
(DBN)

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