March 1, 2019

The Daily Bankruptcy News

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Law:

Want A Market-Sized Bonus? Better Be Ready To Bill Your Butt Off At This Biglaw Firm
(DBN)

Bradley Arant Can’t Represent Longtime Client’s Rival
(DBN)

Back To The Future With Housecalls
(DBN)

How to avoid security risks without going broke
(DBN)

UK: Kirkland voted top for careers with 6PQE partners
(DBN)

Linklaters associates hunt ‘mythical beast’ of partnership
(DBN)

Associates blast "non-existent" partnership prospects
(DBN)

Will California Lawyers Have To Pay For Malpractice Insurance?
(DBN)

The Law School Students Who Lose Their Scholarships
(DBN)

Artificial intelligence isn’t a magical unicorn: It’s a powerful tool lawyers are already wielding
(DBN)

Dechert Cracks $1B in Revenue in Big Hiring Year
(DBN)

O'Melveny Posts Record Income, Profit Growth in 2018
(DBN)

Meet Gibson Dunn’s New Cheesemaking, Instagramming, Yoga-Touting, Millennial Recruiter
(DBN)

Working long hours and weekends affects men and women differently
(DBN)

The Firsts: 5 Black Attorneys Who Paved The Way For Generations To Come
(DBN)

If You're a Funny Woman in the Workplace, the Joke's on You
(DBN)

Congressman’s Cohen tweet leads to Florida Bar probe • ‘I was happy to do it for you’: Matt Gaetz overheard making stunning admission to Trump about Cohen threat • The Inside Story to Cohen's Final Deposition • Congressman Calls For Criminal Investigation Of Cohen Over Novartis Relationship • Has Michael Cohen Moved The Needle? • ‘It’s Not Going to Hurt’: Cohen’s Testimony Does Little to Change Minds • Newly Unsealed Orders in Mueller Mystery Case Reveal Judge's Observations • Michael Cohen claims Trump lies about his wealth — here's why it matters • Cohen testimony suggests New York prosecutors pose major danger to Trump • Meadows, Tlaib Cool Down After Fiery Exchange Over Racism At Cohen Hearing • Why Cohen’s Revelations Won’t Lead to Trump’s Impeachment • Trump's Ex-Lawyer Cohen Testifies Again, This Time Behind Closed Doors • Republicans ask Justice Department to probe Cohen's oversight testimony • Cohen, Trump at Odds • House Oversight seeks interviews with Trump’s kids after Cohen testimony • What Michael Cohen’s testimony means for the Russia investigation • Here are crisis-management tips from Michael Cohen’s wrecked career • Michael Cohen Made Four Big Allegations. How Skeptical Should We Be? • Michael Cohen to return to testify before House Intel next week • Michael Cohen's testimony was great theater. It was also, largely, a waste of time • House committee likely to interview CFO of Trump Organization
(DBN)

Patriots owner Robert Kraft pleads not guilty • Patriots Owner Robert Kraft Hires Ex-Epstein Lawyer • Patriots’ Kraft pleads not guilty and hires Brett Kavanaugh friend as lawyer • How Robert Kraft could get off • Robert Kraft Wants to Bring His Case to Trial, and He Appears to Have a Strategy in Place
(DBN)

Despite Evidence Against Him, Jussie Smollett Has a Plan to Skate on Charges
(DBN)

Pentagon says it will delay, but not cancel, other projects to fund Trump’s wall
(DBN)

Can Congress stop Trump’s national emergency declaration? • Senior GOP senator warns Trump of rebellion on national emergency vote • GOP Pressures Trump on Emergency for Wall
(DBN)

At least 8 theaters drop ‘Mockingbird’ productions after producer of newer play threatens suit
(DBN)

Former general counsel’s award of nearly $8M upheld; he claimed he was fired for whistleblowing
(DBN)

Is a tweeted question defamatory? 6th Circuit rules for James Woods over Nazi salute tweet
(DBN)

Law Firm Executive Indicted For Stealing From Firm
(DBN)

Firm's staff stuck in temp office thanks to crack
(DBN)

Ex-University of Texas Law Student Gets 4 Years in Georgetown Cyberstalking Case
(DBN)

Woman sentenced to jail for helping crying bear cub escape trap
(DBN)

GOP candidate for CA attorney general in 2018 is barred from bench for life
(DBN)

Assorted Stupidity #121
(DBN)

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Judges:

Judges Really Wish You’d Stop Making These E-Discovery Mistakes
(DBN)

Neomi Rao Clears Senate Judiciary
(DBN)

Judge Had Absolutely No Sympathy for Mystery Mueller Opponent, Unsealed Orders Show
(DBN)

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Wall Street:

Dow is set to rise triple digits after strong US economic growth data
(DBN)

The Dow Dropped 69 Points Because GDP Growth Slowed Again
(DBN)

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Layoffs:

Musk: We will be closing some stores, doing more layoffs on retail side • Musk: 'It's 2019, people just want to buy things online' • Tesla's sales shift enables lower vehicle prices, company says • Tesla is closing all its stores so you can have a $35K Model 3
(DBN)

NEMF bankruptcy will impact 518 workers in upstate New York
(DBN)

The big American robot push
(DBN)

Duralee files Chapter 11; 73 employees in Morganton could lose jobs
(DBN)

77 workers laid off after freight company files Chapter 11
(DBN)

92 More Layoffs At Dallas Morning News
(DBN)

Heineken USA Cuts 15% Of Workforce
(DBN)

Agility Marketing plans 124 layoffs
(DBN)

Rackspace: 200 layoffs
(DBN)

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Retailing:

You can expect more JC Penney store closures in 2020 and beyond • J.C. Penney thinks the key to its growth is... shrinking • JC Penney notches another annual loss as sales keep sliding • J.C. Penney fourth-quarter results beat estimates, shares surge 31 percent
(DBN)

Victoria's Secret is closing dozens of stores • We visited a Victoria's Secret store on the day that it announced dozens of closures. Here's what we found.
(DBN)

Amazon Day will let Prime members choose which day of the week they want to receive packages
(DBN)

ShopKo Dividends Paid Out Before Bankruptcy Are Under Investigation • Lawyer: Shopko engaged in 'substantive discussions' as bankrupt retailer seeks sponsor • Hearing set to address Shopko's proposed disclosure statement, request for discovery
(DBN)

Bankrupt retailer Things Remembered gets court approval to shutter stores
(DBN)

Here are the oldest US retailers still in business today
(DBN)

Amazon didn’t kill the retail trade. Here’s the proof, says expert
(DBN)

Gap to Close 230 Stores
(DBN)

Don’t Call it a Comeback: Toys “R” Us Returning After Bankruptcy?
(DBN)

Retailers Think Outside the Box to Avoid Becoming Victims of the "Apocalypse"
(DBN)

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Climate:

Rep. Paul Gosar says climate change isn't real because of . . . photosynthesis
(DBN)

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Autos:

Tesla is finally releasing the long-awaited $35,000 Model 3 • Elon Musk thinks retail layoffs will keep Tesla profitable as $35,000 Model 3 arrives • Elon Musk just sent this memo to employees about the cheaper Model 3 and store closures • Tesla to Pay Off $930M in Bonds with Cash
(DBN)

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Banking:

Wells Fargo in talks with DOJ, SEC to resolve probes of sales practices
(DBN)

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Golf:

Bankrupt Bay Terrace Country Club Up For Auction
(DBN)

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Financial Planners:

CFP Board Discloses Bankruptcies by CFP® Professionals
(DBN)

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Music:

U.S. Music Industry Posts Third Straight Year of Double-Digit Growth as Streaming Soars 30%
(DBN)

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Infrastructure:

The Age of Congestion Pricing May Finally Be Upon Us
(DBN)

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Food/Beverage:

Kane Beef sale to STX Beef closes
(DBN)

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Farming:

Farm loan delinquencies highest in 9 years as prices slump
(DBN)

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Economy:

US economy grows faster than expected in the 4th quarter, but annual GDP misses Trump's goal • The U.S. economy grew 2.9% in 2018 • Fourth-quarter GDP increases 2.6%, better than expected • BEA: Real GDP increased at 2.6% Annualized Rate in Q4 • GDP surprise chalked up to unexpected consumer spending during shutdown, R&D growth • US GDP Falls for the Third Straight Quarter • Trump delivered a stimulus-fueled 2.9% GDP, but not the transformation he promised
(DBN)

Q4 GDP: Investment
(DBN)

Kaplan: Will Take Time to Gauge Slowdown
(DBN)

The Fed’s been ‘a convenient whipping boy’ on Wall Street, Dudley says
(DBN)

Nearly 100% of companies say there will be no US recession in 2019: CNBC survey
(DBN)

A record number of Americans now have access to a credit card — and it’s not going great
(DBN)

'We've only just begun to fall': A closely watched economic bellwether is looking bleak
(DBN)

The four parts of the economy most vulnerable to cyberattack, according to Moody’s
(DBN)

Trump and GOP promised economic growth much better than Obama’s. That’s not what happened
(DBN)

Positive Turnaround Lifts the February Credit Managers’ Index
(DBN)

Kansas City Fed: "Tenth District Manufacturing Activity Up Only Slightly" • Chicago PMI surges in February as new orders jump
(DBN)

Growth Remained Solid at the End of Last Year. But It May Not Last.
(DBN)

Weekly Initial Unemployment Claims increased to 225,000
(DBN)

Larry Kudlow says US-China trade deal talks made ‘fantastic’ progress last week • Human Counter-Indicator Larry Kudlow Says Trade Talks With China Are Going Great • Mnuchin says US-China trade deal will have real structural commitments, but still more work to do • Trump’s China tariffs spur U.S. firms to boost imports - and GDP - at end of 2018 • U.S., China preparing final trade deal that could be signed within weeks: report • 1 in 5 corporations say China has stolen their IP within the last year: CNBC survey
(DBN)

Migration Myths vs. Economic Facts
(DBN)

Millennials care about job titles so much they’ll take a pay cut for them
(DBN)

The Happiest States
(DBN)

Ray Dalio: Things Have Gotten Bad Enough That They Probably Won’t Get Really Bad In The Next 20 Months
(DBN)

Mega-Regions
(DBN)

Here’s why black families have struggled for decades to gain wealth
(DBN)

Limiting state and local tax deductions to hurt 11 million taxpayers, government report shows
(DBN)

Mnuchin says tax refunds are at about same level as last year • Average Tax Refund Is Up 1.3% but the Number of People Getting Refunds Has Dropped • After weeks of worry, Americans' tax refunds are finally trending up
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

HVS: Q4 2018 Homeownership and Vacancy Rates
(DBN)

Most millennial homeowners have buyer’s remorse, a new survey shows • The Survey
(DBN)

Mortgage fraud risk climbs 4.6% in January
(DBN)

Lending for home flipping climbs to 11-year high in 2018
(DBN)

Fannie Mae: Mortgage Serious Delinquency Rate unchanged in January
(DBN)

As more millennials become homeowners, seniors are becoming renters
(DBN)

Windstream Bankruptcy Poses A Threat To Uniti REIT
(DBN)

Empire Land Creditors Slam Settlement With Law Firms
(DBN)

You can buy an entire town in Georgia for the cost of one home in San Francisco
(DBN)

Oregon approves statewide mandatory rent control
(DBN)

A wealthy developer, a local actress, a failed hotel project and an indecent proposal
(DBN)

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Municipalities:

Puerto Rico oversight board to appeal appointments ruling
(DBN)

Puerto Rico on the brink
(DBN)

Everything, including bankruptcy filing, a possibility in bailing out Penn Hills schools
(DBN)

Detroit sees training opportunity before expected job boom
(DBN)

Gov. Cuomo reportedly pleaded to Jeff Bezos to bring Amazon HQ2 back to New York
(DBN)

KY: Teachers Walk Out on GOP Pension Bill
(DBN)

Disgruntled contractors throw government rebuilding program for US Virgin Islands into disarray
(DBN)

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Oil/Gas:

In This Oil Boom Town, Even Barber Can Make $180,000
(DBN)

Shale Firms Face Investor Frustration
(DBN)

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Religion:

How priest abuse lawsuits could bankrupt NY's Catholic dioceses
(DBN)

Methodist Church votes to ban gay clergy and same sex marriage, evoking debate among members • Local pastors say 'all are welcome' after United Methodist Church vote • Denver Churches Question Their Futures After Vote • United Methodists fear continued schism in wake of vote • Pastor apologizes to his community following vote • 'Anger and tears' and defiance
(DBN)

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Healthcare:

Millennial cancer survivors are going broke fighting to stay alive
(DBN)

Southern Indiana hospital to close in April after 10 years
(DBN)

Texas lawmaker says he's not worried about measles outbreak because of ‘antibiotics'
(DBN)

What’s the story with health care spending? : A look at per capita personal expenditures by state
(DBN)

UN warns of 'complacency' as measles cases soar worldwide
(DBN)

Stalking Horse Bausch Health Wins Bid for Assets of Bankrupt Synergy Pharmaceuticals
(DBN)

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Education:

Feds ban for-profit college chain Argosy from student loan program
(DBN)

Trump administration to renew school-choice push with $5 billion federal-tax-credits proposal
(DBN)

NC State proposes lowering 'F' Grade to just 39% in schools
(DBN)

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Celebs:

Farrah Abraham Loses in Court AGAIN: Is She Going Bankrupt?!
(DBN)

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Construction:

Attorney trying to force Charlotte County builder into bankruptcy
(DBN)

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Fraud:

February 2019 Ponzi Scheme Roundup
(DBN)

Bankruptcy Court Orders Fraudster to Face the Music at FTC’s Request
(DBN)

Why America Is Obsessed With Theranos, Fyre Fest, and Other Scams
(DBN)

Madoff trustee can pursue lawsuits • Second Circuit Finds Madoff Trustee can seek to Clawback Billions in Funds Transferred Abroad
(DBN)

FBI Affidavit Claims California Solar Company Is $800 Million Ponzi Scheme
(DBN)

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Biofuels:

EPA Moves Towards Higher Ethanol Gas in Time for Summer
(DBN)

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Pensions:

Drastic Fixes for Broken Pension Systems
(DBN)

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Crypto:

Mark Karpeles Fails to Halt US Court Case Over Mt Gox Losses
(DBN)

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New Bankruptcy Opinions
(9 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (47 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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Litigation:

My best advice to trial lawyers is to avoid staying in your own echo chamber for too long. The path to victory is rarely a solitary one. It takes a village
(DBN)

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Ch. 13:

Updated Middle District of Florida Model Chapter 13 Plan
(DBN)

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Miscellaneous:

Eye On Bankruptcy
(DBN)

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Unsecured Attorneys' Fees:

Delaware District Court Overturns Bankruptcy Court Decision Disallowing Unsecured Claim for Post-Petition Contractual Attorneys’ Fees
(DBN)

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Personal Finance:

What it's really like living in New York City on a $100,000 salary
(DBN)

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Politics:

Trump reportedly 'ordered' John Kelly to grant son-in-law Jared Kushner a top-secret security clearance — despite previously saying he was 'never involved' • Trump Demanded Kushner Get Clearance • NatSec Lawyers: Trump 'Chose to Corrupt' Long-Established Norms by Ignoring Concerns About Kushner
(DBN)

Former GOP Governor: We Need Electoral College or Else ‘White People Will Not Have Anything to Say’
(DBN)

Watch Ocasio-Cortez lay groundwork for getting Trump’s tax returns
(DBN)

The Senate just confirmed a former coal lobbyist to lead the EPA
(DBN)

Santorum: Trump's decision to side with Kim on Otto Warmbier was 'reprehensible'
(DBN)

North Korea contradicts Trump's summary of collapsed summit with Kim Jong Un • Nikki Haley Contradicts Donald Trump on North Korea • State Corrects Trump on NKorea Demands • 'Inconceivable' that Kim wasn't aware of Otto Warmbier: Ex-U.N. ambassador • Trump is the main reason his summit with Kim fell apart • Trump and Kim's no deal • Why walking away from Kim's deal may have been the right move • Trump isn’t the first president to walk away • US NKorea Summit Was Doomed from Start • Trump Gets Bipartisan Praise for Walking Out of Summit With Kim • Biden praises Trump for 'walking away' from the North Korea summit with no nuclear deal
(DBN)

After denying racism, videos of Meadows vowing to send Obama 'home to Kenya' resurface
(DBN)

Dismissing Bernie Sanders as a communist shows your 'profound ignorance,' says one of the most influential behind-the-scenes figures in American business
(DBN)

Why Trump is Hiding His Tax Returns
(DBN)

Elizabeth Warren’s 2020 Presidential Campaign Is Underway. Here’s What We Know About Her Finances • Elizabeth Warren's $675-an-hour corporate lawyer past looms over progressive 2020 bid
(DBN)

Sherrod Brown Won’t Commit to Elizabeth Warren ‘Tactic’ of Rejecting High-Dollar Donors • “They Are Not All Going to Be Able to Raise Enough”: Elizabeth Warren’s Rookie Mistake Foreshadows a 2020 Money War
(DBN)

Pelosi Pours Cold Water on Green New Deal • Pelosi Knocks Medicare for All, Green New Deal • More than 100 House Democrats to unveil 'battle-ready' Medicare-for-all plan as 2020 election looms
(DBN)

Gallup: Image of U.S. Leadership Now Poorer Than China's
(DBN)

Ocasio-Cortez, like Stalin, is coming for your hamburger, warns former Trump aide and Fox News contributor
(DBN)

Democrats' post-Mueller plan
(DBN)

House Dems clash as progressives demand moderates vote with party • ‘This is not a day at the beach’: Pelosi tells moderate Dems to stop voting with GOP
(DBN)

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Electricity:

Are Power Purchase and Similar Agreements Excluded from the Automatic Stay under the Safe Harbor for Forward Contracts? Recent US Utility Bankruptcies Raise This and Other Important Questions
(DBN)

Bankrupt California utility PG&E concedes its equipment was ‘probable’ cause of deadly Camp Fire
(DBN)

PG&E to Record $10.5B in Camp Fire Charges, Raises Doubt on Future
(DBN)

Quinn Emanuel, Switching Sides, Sues Utility Over 2018 Wildfire
(DBN)

Should a Power Company Be Held Responsible for Wildfires?
(DBN)

SDG&E Wants California to Eliminate 'Strict Liability' for Wildfires
(DBN)

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UK:

HMRC versus Company Rescue: HMRC issues consultation paper on the proposed return of Crown Preference
(DBN)

Rolls-Royce swings to £2.9bn loss
(DBN)

Foxtons warns London housing market in 'prolonged downturn'
(DBN)

UK car output driven down by plunging demand in China
(DBN)

One in 10 adults has never done paid work - official figures
(DBN)

Trump tells May to abandon 'unwarranted' food standards for Brexit trade deal
(DBN)

New Patisserie Valerie owner sacks CEO • Patisserie Valerie management placed on leave after rescue
(DBN)

UK consumer borrowing up, despite Brexit questions
(DBN)

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PIIGS:

Experts forecast no further pressure from creditors on Greece after Brussels' warning
(DBN)

Greek Court Clears Former ELSTAT Chief Georgiou Third Time
(DBN)

Italy preparing new decree to help banks shed bad loans – sources
(DBN)

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Canada:

Credit Concerns Emerge in Canada as TD, CIBC Miss Estimates
(DBN)

The Case That Could Bring Down Trudeau
(DBN)

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MENA:

Israel's Netanyahu indicted on charges of bribery and fraud • Benjamin Netanyahu Indictment: Could He Go to Prison? • 57-page Doc Outlines Netanyahu Alleged Crimes • Loyal Soldiers to Whistle Blowers: Confidants Turned
(DBN)

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India:

Jet Airways slides deeper into distress, now left with only 83 aircraft • Debt ridden Jet Airways grounds 6 more aircraft taking number to 19
(DBN)

Cabinet approves creation of special purpose vehicle for debt-laden Air India's divestment
(DBN)

‘Govt maintaining good distance from IBC pays rich rich dividends to banking system’
(DBN)

India and Pakistan still need to resolve two important issues, former US ambassador says
(DBN)

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Curacao:

A Curacao court has declared already-grounded local airline InselAir International bankrupt.
(DBN)

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China:

Necessity and feasibility of summary bankruptcy proceedings
(DBN)

Dentons advises on Beijing’s special bankruptcy court's first case
(DBN)

China factory activity rises, says private gauge
(DBN)

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Venezuela:

The lifeblood of Venezuela's economy is taking a beating in the wake of Trump's sanctions
(DBN)

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Mozambique:

Mozambique files case against Credit Suisse in the UK
(DBN)

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