March 20, 2019

The Daily Bankruptcy News

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Law:

The Law Schools With The Highest LSAT Scores (2019)
(DBN)

Biglaw Firms Take Their Legal Fee Battle To The Courthouse
(DBN)

The Reason Why Competition To Get Into Top Law Schools Is So Stiff
(DBN)

Kramer Levin Names New Bankruptcy Counsel and Special Counsel
(DBN)

Manatt Phelps sues Brown Rudnick for share of contingency in former partner’s case
(DBN)

Morgan Lewis hires first director of employee well-being
(DBN)

'Just-Make-It-Happen’ Mentality Is Bad for Lawyer Well-Being
(DBN)

Trump to Tap Quinn Emanuel’s Landau as Mexico Ambassador
(DBN)

This Lawyer Turned Her Side Hustle Into A $30 Million Business
(DBN)

Trump calls George Conway 'a total loser' Trump lashes out at George Conway, who has been questioning the president's mental health
(DBN)

Lawyer accused of groping two employees can’t force suits into arbitration, appeals court rules
(DBN)

With LSC under threat for third year, ABA president asks Congress to increase legal aid funding
(DBN)

Georgetown Law Expands Campus With Record-Setting Gift
(DBN)

Schulte Roth Sees Profits Rise in 2018 as Transition Approaches
(DBN)

They Really Needs To Fire This Repair Company
(DBN)

Washington State Bar Association Faces Possible Extinction
(DBN)

The Horror Within: Grappling With Insanity Babble When It’s Your In-House Counterpart
(DBN)

Biglaw Partner Isn’t As Famous As His Namesake
(DBN)

Former Kansas lawyer admits stealing from clients' bankruptcy estate
(DBN)

And You Thought Your New iPhone Was Expensive? These Guys Paid Over $10,000
(DBN)

'You'll all be my guests at Mar-a-Lago': An explosive New York Times report highlights Deutsche Bank's $2 billion in loans to Trump
(DBN)

3 takeaways from newly unsealed Michael Cohen search warrants FBI Probing Cohen Long Before That Raid House Judiciary receives just 8 responses to 81 Trump document requests Shifting hopes as Republicans and Democrats await Mueller Graham Blocks Public from Mueller Report The 3 Trump-Russia ties we know about
(DBN)

Prosecutors reportedly offer to drop charges against Robert Kraft in massage-parlor case in an 'unusual' deal
(DBN)

Trump's contentious emergency declaration could turn the Constitution's system of checks and balances inside-out Pentagon Provides List of Projects Endangered by Border Wall Trump's Emergency Declaration Hits Texas Military Bases Hard
(DBN)

SCOTUS Gives Trump Victory on Migrants U.S. to relax border policy, stop detaining some migrant families to avoid overcrowding Deportation to Liberia, but Never Lived There
(DBN)

Off-duty officer fled DUI crash, let mom try to take the blame
(DBN)

Judge Puts Military Transgender Ban on Hold
(DBN)

The Cognitive Dissonance Surrounding Violence
(DBN)

Investigators say the New Zealand gunman was gearing up for a 'further attack' when police captured him Families Begin Burying New Zealand Mosque Shooting Victims
(DBN)

Brother of Lauren Sanchez explains why he made $200k 'deal with the devil' by selling his sister's Bezos texts to the National Enquirer
(DBN)

Judge scolds man who torched girlfriend to death
(DBN)

Don't Believe Hype on Jack the Ripper's DNA ID
(DBN)

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Judges:

Inmate sentenced for filing false lien that targeted federal judges and DOJ employees
(DBN)

'It'll never happen': Trump dismisses Democrats' radical idea to reshape the Supreme Court
(DBN)

Suspicious Package Shuts Down Federal Courthouse
(DBN)

Fifth Circuit: ‘I’d be embarrassed to take the position you’re taking in this case’
(DBN)

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Wall Street:

Futures inch up ahead of Fed decision Wall Street Is Betting the Fed’s Rate-Raising Days Are Done for Now
(DBN)

World shares face end to winning streak as Fed looms
(DBN)

Stocks close mostly lower as trade news dominates market action
(DBN)

New Policy Ensures That There’s A 50 Percent Chance A Future Bald CEO Of Goldman Sachs Will Be A Woman
(DBN)

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Layoffs:

Auto, defense supplier to lay off 160 in Lapeer
(DBN)

Bitcoin Exchange Bithumb Announces 50% Layoffs -150 jobs
(DBN)

NJ: 150 Paterson teachers face layoffs
(DBN)

Farming company, Vincent B. Zaninovich & Sons, laying off over 500
(DBN)

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Retailing:

These 10 retailers have filed for bankruptcy or liquidation in 2019
(DBN)

More than 5,600 stores are closing in 2019 as the retail apocalypse drags on - here's the full list
(DBN)

What Shopko Folding Up Shop Really Means For American Retailing
(DBN)

Gordon Brothers to Oversee Liquidation of Remaining Shopko Stores
(DBN)

Neiman Marcus-Marble Ridge Debt Spat Becomes Dogfight Neiman Marcus wins against Marble Ridge as judge dismisses suit Dallas County judge throws out Marble Ridge Capital lawsuit against Neiman Marcus
(DBN)

Brewers owner's firm could take control of nation's largest thrift store chain
(DBN)

Hawks investigations into Steinhoff still 'far from complete'
(DBN)

Charlotte Russe Floats $5M Ch. 11 Sale Of IP, Lease Assets
(DBN)

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Magazines:

VivaTysons Magazine Wants to Exit Bankruptcy, Citing Competitor Pouncing on Clients
(DBN)

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Guns:

Hudson Manufacturing Files For Bankruptcy
(DBN)

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Aviation:

Airport chief invested in tiny airline he helped bring to Louisville. Now it's bankrupt
(DBN)

The Boeing 737 Max is likely to be the last version of the best-selling airliner of all time
(DBN)

What we learned about the FAA and Boeing’s cozy relationship from a damning new report
(DBN)

The US government wants to audit how the Boeing 737 Max got approved to fly by the FAA
(DBN)

An off-duty pilot reportedly prevented a Boeing 737 Max 8 crash one day before the same plane crashed and killed 189 passengers and crew
(DBN)

Capt. Sullenberger on the FAA and Boeing: ‘Our credibility as leaders in aviation is being damaged’
(DBN)

Is the Boeing 737 Max the Next De Havilland Comet?
(DBN)

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Politics:

Elizabeth Warren wants to get rid of the Electoral College
(DBN)

Trump: Electoral college "far better for the USA" than popular vote
(DBN)

Beto the blank canvas
(DBN)

Trump administration’s latest attack on the press is to block reporters from covering Pompeo
(DBN)

Trump Intensifies Attacks on John McCain
(DBN)

Trump's ever-expanding list of grievances
(DBN)

67% of Americans don’t know what Jared Kushner and Ivanka Trump actually do in the White House
(DBN)

The 2020 Democratic primary debate over reparations, explained
(DBN)

Joe Biden tells backers he plans on 2020 presidential run
(DBN)

German Officials Want US Ambassador Gone
(DBN)

What Referendum? Florida GOP Set to Exclude Up to 80% of Felons From Voting
(DBN)

State of Washington moves to convert Tim Eyman’s bankruptcy into a Chapter 7 case
(DBN)

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Economy:

Nervous, angry rich countries
(DBN)

When the U.S. falls into a recession, a credit bubble will explode
(DBN)

Fed’s balance sheet plan and the economic outlook are under the microscope Wednesday
(DBN)

Mullaney: The economic slowdown looks like a hiccup — but then what?
(DBN)

The federal government just confirmed what America's 1.8 million truck drivers have been saying for years: The truck-driver shortage doesn't really exist
(DBN)

FedEx earnings miss as 'weaker global trade growth trends continue' FedEx just warned the whole globe is slowing US and China plan high level trade talks amid fears tariff war could wipe $1 trillion off economy US Selfishness on Trade Unsustainable
(DBN)

UBS CEO says this is one of the worst first-quarter environments in history
(DBN)

Trump Economic Team: He Lives in a Fantasy
(DBN)

How to tax the rich, explained
(DBN)

Hotels: Occupancy Rate Decreased Year-over-year
(DBN)

2008 Trillion Dollar Bailout Was a Real Mess
(DBN)

The world's happiest countries
(DBN)

Newark Mayor jumps on Universal Basic Income Bandwagon
(DBN)

Trump administration cites student loans, decreasing birthrates as major economic risks
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

The lawyers who took on Big Tobacco are now aiming at Realtors’ 6% commission
(DBN)

Lawler: Early Read on Existing Home Sales in February
(DBN)

CAR: "California home sales rebound in February"
(DBN)

Gatley bankruptcy faces dismissal as U.S. trustee cites ongoing incapacitation
(DBN)

Weekly mortgage applications set a record for the third straight week
(DBN)

Housing Inventory Tracking
(DBN)

Even tech workers can’t afford to buy homes in San Francisco
(DBN)

A self-made millionaire who retired at 37 says buying a home was 'probably the worst financial decision' he ever made
(DBN)

This is how your life changes when you become a homeowner
(DBN)

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Municipalities:

Sacrifice and compromise necessary to avoid insolvency, protect Sacramento schools
(DBN)

MAGNY: Everything You Always Wanted to Know about Muni Workouts, But Were Afraid to Ask
(DBN)

Puerto Rico oversight board rejects government’s proposed fiscal plan
(DBN)

Fiscal board director clarifies: Puerto Rico debt adjustment plan expected by year’s end
(DBN)

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Oil/Gas:

Oil prices firm on supply cuts, but slowing economy drags
(DBN)

Jones Energy Downgraded by Zacks Investment Research to Hold
(DBN)

Oil sector won't return to 2014 profits until 2025: Rystad
(DBN)

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Auto Racing:

Future of Chandler Speedway could hinge on bankruptcy filing Tuesday
(DBN)

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Electricity:

Dispute Over Rejection of PG&E Contracts to Stay in Bankruptcy Court
(DBN)

CA: PG&E Ignored Fire Risks for Profits Report: PG&E knew about wildfire risk in Butte County, ignored it
(DBN)

PG&E calls Camp Fire adversary complaint an end run around Ch. 11 process
(DBN)

Activist Investor Ubben Criticizes PG&E Board Selection Process
(DBN)

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Celebs:

Kody Brown & Sister Wives Slash Las Vegas Home Price By $25k Amid Money Troubles
(DBN)

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Autos:

Some Relief Could be in Sight for Reagor Dykes Customers Trying to get their Titles
(DBN)

Tesla factory workers took twice as many days off last year than in 2017 because of injury or sickness Tesla and Elon Musk face dozens of lawsuits beyond the SEC court fight
(DBN)

Tesla Driver Tested Auto-Braking on Wife
(DBN)

BMW issued a bleak 2019 profit warning and launched a $13.6 billion cost-cutting plan
(DBN)

Henrik Fisker on His Latest Hail Mary for Relevancy
(DBN)

Counting the cost: Nissan unpicks Ghosn legacy of 'high-handedness' and 'wrongdoings'
(DBN)

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Fraud:

How Elizabeth Holmes convinced powerful men like Henry Kissinger, James Mattis, and George Shultz to sit on the board of now disgraced blood-testing startup Theranos
(DBN)

A behavioral economist explains why Elizabeth Holmes might not have felt bad lying about Theranos
(DBN)

USC's campus newspaper is chastising school administrators for offering 'flimsy solutions and weak promises' in the wake of college admissions scandal College Admissions Defendants Run To Biglaw For Representation Cooley, Sidley Austin Join Defense in Admissions Scandal Boies Schiller Among Firms Representing Admissions Scandal Defendants Admissions Scandal Wake Up Call Students and parents pursue class-action suit against universities linked to admissions scandal No soccer experience, but she still got a spot on elite UCLA team in admissions scandal Bribery scandal exposes sports side door to admissions Admissions Scandal Stokes Hard Questions on Recruited Athletes ‘Do You Pull the Parchment?’: Students Caught Up in College Admissions Scandal Now Face a Reckoning USC may expel students associated with college admissions scandal USC blocks students embroiled in admissions scandal from registering for classes, receiving transcripts Petition calls on Georgetown to rescind degrees, admittance of students involved in admissions scandal Students tied to U.S. college admissions scandal could face expulsion How high school students feel about college admissions scandal College admissions scandal hits UC Berkeley; fake SAT score allegedly submitted Admissions Scandal Reveals the Deep-Seated Ties Between Celebrities and Top Colleges College Admissions Scandal Reportedly Took Advantage of Disability Accommodations for Standardized Testing After Admissions Scandal Lawmaker Wants To Eliminate SAT University offered coaching position to alum indicted in admissions scandal
(DBN)

Curt Schilling fraud case to cost Wells Fargo more than $800K
(DBN)

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Personal Finance:

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

People Aren't Adults Until Their Thirties
(DBN)

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Mass Torts:

Bayer plunges after jury finds its Roundup weedkiller caused cancer
(DBN)

Claire’s Recalls Makeup After The FDA Found Asbestos In The Products
(DBN)

Lawmakers want warning labels on kids' makeup unless its guaranteed asbestos-free
(DBN)

How the Cosmetics Industry Got to Regulate Itself and Downplayed Cancer Risks
(DBN)

Lawsuits take toll on Johnson & Johnson as talc supplier files for bankruptcy
(DBN)

Plaintiff's expert witness faces questions from J&J in N.J. talc-asbestos trial
(DBN)

DOJ and SEC subpoena Johnson & Johnson in talc powder asbestos probe
(DBN)

Justices affirm maritime liability for manufacturers of asbestos-dependent equipment
(DBN)

The stunning truth about asbestos use in the U.S.
(DBN)

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Food/Beverage:

Little return for food delivery
(DBN)

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Religion:

Milwaukee Catholic Archdiocese Removes Names of Former Archbishops From Buildings
(DBN)

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Debt Collection:

Supreme Court Grants Certiorari in Case That Could Increase FDCPA Litigation
(DBN)

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Distressed Investing:

Hedge Fund Titans Aurelius and Elliott Clash in Distressed Deal
(DBN)

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Waste:

Aluminum cans are piling up in Landfills, Nobody wants to recycle them
(DBN)

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Biofuels:

Pacific Ethanol misses debt payment, warns of more
(DBN)

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New Bankruptcy Opinions
(2 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 (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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Bankruptcy Statistics:

Consumer bankruptcy filings dip as commercial cases soar in February
(DBN)

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Exemptions:

Law ambiguous on whether comp claim is exempt in bankruptcy
(DBN)

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Bankruptcy Forms:

Pending Changes in National Bankruptcy Forms
(DBN)

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Subordination:

Payment Subordination in Intercreditor Agreements
(DBN)

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Mediation:

How Mandated Mediation Works — Even When It Doesn’t
(DBN)

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TBTF:

Rethinking “Too Big To Fail”
(DBN)

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Cross-Border:

Crossing The Line In Cross-Border Insolvencies
(DBN)

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Proceeds:

Ninth Circuit “Proceeds” to Clarify the Definition of “Goods”: The Proceeds of Goods are Goods
(DBN)

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Crypto:

MtGox trustee provides update on account balance
(DBN)

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Maritime:

SEC Challenges Releases In Aegean Marine's Ch. 11 Plan
(DBN)

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Healthcare:

Three Small-Town Kansas Hospitals Declare Bankruptcy After Months Of Struggling
(DBN)

4 hospitals file for bankruptcy in Oklahoma, Kansas
(DBN)

Struggling small-town hospitals declare bankruptcy
(DBN)

North Philly Health System’s ex-CEO doesn’t deserve $1.8 million in severance pay, lawsuit claims
(DBN)

Laser Spine Institutes Closes its Doors Amid Chapter 11 Bankruptcy What’s left of Laser Spine Institute? A consultant tries to pick up the pieces Laser Spine Institute to liquidate assets
(DBN)

A spinal surgery, a $101,000 bill, and a new law to prevent more surprises
(DBN)

The 10 states where healthcare is the cheapest
(DBN)

Sugary drinks linked to 31 percent higher risk of early death, study finds
(DBN)

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Education:

Admissions scandal, student debt hurting higher ed — here's what should be done, says Sheila Bair
(DBN)

Morris Brown College to seek accreditation
(DBN)

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Student Debt:

White House proposes changes to college student loan programs
(DBN)

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Climate:

Mike Pence: Federal aid will arrive soon for flood-hit Midwest towns
(DBN)

Floods Threaten Crops and Livestock
(DBN)

Retirees are Fleeing Florida on Climate Change
(DBN)

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Television:

Internet TV Overtakes Cable or Satellite
(DBN)

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Art:

Trump Budget Calls for Closing the NEA
(DBN)

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Fishing:

Who’s to blame for the neurotoxin that’s poisoning the Pacific?
(DBN)

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UK:

High Court finds administrator breached his duty- to the tune of £750,000
(DBN)

Going out of business hottest trend in UK retail
(DBN)

May Seeks a Delay in Brexit EU negotiator says U.K. better make up its mind on Brexit The risk of a long Brexit delay is on the rise Theresa May abandons request for long Brexit delay after Cabinet revolt Donald Trump Jr. criticizes UK Prime Minister May for ignoring his father’s advice on Brexit City That Voted for Brexit Still Waiting UK is Now in a Major Constitutional Crisis EU on Brexit: Negotiations are Over
(DBN)

Here’s what junior bankers can earn in London
(DBN)

Top corporate scandals in 2018
(DBN)

Katie Price jokes ‘you must be bored of me!’ as she arrives in court How cash-strapped Katie Price spent £25,000 on six holidays in eight months
(DBN)

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PIIGS:

Is This The End Of The Road For Bankrupt Alitalia? Now easyJet Pulls Out Of Rescue Bid
(DBN)

Court freezes CMC di Ravenna's assets over Kenya's dams scandal Italian firm linked to multibillion dam fraud denies bankruptcy report
(DBN)

Greece: Chances of timely deal for protection of borrowers' homes are decreasing
(DBN)

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Canada:

Big Tobacco's Legal Woes in Canada Pose Biggest Risk in Decades
(DBN)

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India:

India asks state banks to rescue Jet from bankruptcy State Bank of India chairman says bankruptcy 'last option' for Jet Airways Jet Airways: Bring it under Insolvency and Bankruptcy Code Banks get ready to put in extra money in debt-laden Jet Airways Government asked banks to ‘rescue’ Jet Airways without pushing it into bankruptcy: Report Jet Airways crisis worsens as government steps in, pilots threaten strike Etihad reportedly just made an offer to sell its entire stake in Jet to the struggling airline’s largest creditor How Jet Airways is a drag on Etihad’s wings Government wants to explore all options to keep Jet afloat
(DBN)

Debt-laden Jet Airways operating just a third of its original fleet - DGCA Only 41 aircraft available for operations, further attrition possible
(DBN)

Ericsson-RCom row: Lesson for India's bankruptcy system
(DBN)

PE changes the face of corporate India
(DBN)

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Venezuela:

President Trump: U.S. Could Be 'A Lot Tougher' on Venezuela Sanctions
(DBN)

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Russia:

Four firms seek bankruptcy of UTair air carrier
(DBN)

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China:

Shandong industrial debt crisis claims more companies
(DBN)

Chinese companies are defaulting on their debts at an ‘unprecedented’ level
(DBN)

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Malaysia:

'I love Malaysia Airlines, but we can't afford it': Mahathir says national carrier may be sold
(DBN)

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Australia:

New laws set to combat illegal phoenixing of companies
(DBN)

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Germany:

Top economists slash their 2019 growth forecast for Germany
(DBN)

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