March 26, 2019

The Daily Bankruptcy News

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Law:

Michael Avenatti charged for attempting to extort more than $20 million from Nike • Michael Avenatti has been arrested for allegedly trying to extort $20 million from Nike • Stormy Daniels' ex-lawyer Michael Avenatti arrested for alleged $20 million extortion scheme against Nike, embezzling client's money, defrauding bank • Michael Avenatti Charged With… A Whole Bunch Of Stuff Out Of Multiple USAOs • Michael Avenatti is accused of keeping a $4M personal injury settlement payout from a paraplegic man • Geragos Involved • Timeline: The rise and fall of Michael Avenatti • Here are key takeaways from the criminal complaints against Michael Avenatti • The Sleaziest Things the Feds Say Avenatti Did
(DBN)

BigLaw firm ousts partner, cites ‘inappropriate personal conduct’
(DBN)

Partner Compensation Changes at Morrison & Foerster Lead to Equity Partner Drop, PEP Surge
(DBN)

Los Angeles Lateral Hiring Frenzy Is Not Slowing Down
(DBN)

The Partner’s Continuing Lament
(DBN)

Your client’s gone viral—now what?
(DBN)

Louisville: Law firm that filed for bankruptcy protection finalizes sale
(DBN)

Davis Polk Elects Neil Barr as New Managing Partner
(DBN)

Kirkland Grabs 20 Lawyers From Proskauer for New LA Team
(DBN)

Judge Disqualifies Baker & Hostetler Partner From Defense of First Bellwether Opioid Trial
(DBN)

Bad for Business? Firms Diverge Over Entering Legal Tech Market
(DBN)

Justices Uphold Mueller Subpoena in Mystery Company's Grand Jury Fight • 'Stormy Weather Lies Ahead': What Lawyers Are Saying About Barr's Obstruction Call • Five Important Takeaways From The Mueller Report Dumb People Keep Screwing Up • Mueller told Justice Dept. three weeks ago he wouldn't reach a conclusion on obstruction • Can obstruction of justice exist with no underlying crime? • Mueller Report: The System Worked • As Special Counsel, Mueller Kept Such a Low Profile He Seemed Almost Invisible • Giuliani calls Mueller note on not exonerating Trump "a cheap shot" • 6 House chairmen demand Barr release Mueller report by April 2 • McConnell blocks resolution to release full Mueller report • Trump: "It wouldn't bother me at all" to release full Mueller report • Mueller's 'March madness' creates some mysteries — but some points are perfectly clear • Now that the Mueller report is in, Nancy Pelosi faces some tough choices • Special counsel Mueller scores a win in mystery fight at Supreme Court days after completing probe • The Mueller-Industrial Complex Collapses • Graham wants to probe Obama-era controversies • Suit seeks release of Mueller report while Democrats still investigate; obstruction conclusion questioned • Robert Mueller and the collapse of American trust • Attorney General Bill Barr could wind up testifying in front of both the House and the Senate • William Barr Has Some Explaining to Do • The Critical Part of Mueller’s Report That Barr Didn’t Mention • Barr Has Left Us in a State of Suspended Animation • Mueller Warned Media Not Accurate Before • Ex-CIA chief offers mea culpa on Trump: 'I don't know if I received bad information' • Now the New Russiagate Myths Begin • Mueller Report and Backlash Against Media • The media pundits who got it most wrong
(DBN)

Father of Sandy Hook school shooting victim dies by apparent suicide
(DBN)

Poll: Majority of Americans favor stricter gun laws
(DBN)

DHS data shows growing surge of migrants at the border • Caravan of migrants in Mexico starts moving towards U.S. • Border Patrol Inland Checkpoints Shut Down So Agents Can Help Process Asylum Seekers
(DBN)

Family suffers extreme stalking through unrequested service calls
(DBN)

The corporeal entity, Bela Fritz
(DBN)

Pentagon directs $1 billion to go toward building Trump's border wall
(DBN)

Young Prosecutor Murdered, Apparent Victim Of Domestic Violence
(DBN)

Associate Accused Of Secretly Videotaping A Colleague Undressing Agrees To Discipline
(DBN)

‘Pick my cotton’: Georgia fraternity suspended for racist video • 'Disgusted' Fraternity Expels Four University of Georgia Students After Racist Video Surfaces
(DBN)

Trump bump stock ban set to go into effect Tuesday as group appeals regulation to Supreme Court
(DBN)

Police Body Cameras Not Helping as Planned
(DBN)

America's Worst Cop Reinstated
(DBN)

Probation Condition: No Pepsi for four years
(DBN)

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Judges:

Louisiana's new federal district judge (a former bankruptcy judge) sworn in at Lafayette ceremony
(DBN)

Supreme Court refuses to hear mystery grand jury fight • Supreme Court denies review in mystery grand jury subpoena case
(DBN)

Crack A Cold One With Ruth Bader Ginsburg, Who Just Had A Beer Named In Her Honor
(DBN)

Can AI Be a Fair Judge in Court?
(DBN)

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Wall Street:

Dow futures point to solid gains as investors keep an eye on the bond market • Dow futures climb as China trade talks set to resume
(DBN)

Stocks close mostly lower as growth fears linger
(DBN)

Financials are back in correction, and it could get much worse
(DBN)

Why the markets aren’t buying the Fed’s claims about the strength of the U.S. economy
(DBN)

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Layoffs:

Avoiding Discrimination Claims as the Result of a Reduction in Force
(DBN)

Invesco to lay off 850 workers
(DBN)

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Travel:

British Airways flight bound for Germany lands in Scotland by mistake
(DBN)

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Climate:

Among Americans, young adults worry the most about climate change
(DBN)

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Fraud:

Miami's 'fake sheikh' may plead guilty to cons across globe
(DBN)

Education Department opens probe into college admissions scandal
(DBN)

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Coal:

There Might Be A Way To Make A Profit From A Cloud Peak Bankruptcy
(DBN)

US coal miners are shoveling more money than ever at investors
(DBN)

Virginia businessman granted license to mine in Kemmerer after creditors object over clean up
(DBN)

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Newspapers:

Reading Eagle proposes May deadline for bids on company assets
(DBN)

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Media:

Despite BK Status, Estrella TV Adds Network Sales Exec
(DBN)

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Marijuana:

For these 'marijuana moms,' working in weed lets their families live the high life
(DBN)

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Farming:

Farm income in Minnesota fell 8 percent last year, worst year since early 1980s
(DBN)

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Pensions:

Federal Pension Insurer Cleared in Delphi Retirees’ Suit
(DBN)

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Hotels:

Palm Beach hotel project: Prospective new owners of the Palm House hope to move quickly • Town extends deadline to see new owner's Palm House plans
(DBN)

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Student Debt:

Trump exec order to hold colleges accountable for student loan debt, free speech
(DBN)

Student loan debt: The government broke it, and must fix it
(DBN)

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Corporate Governance:

Claims Against Directors for Failure to Insure Against Cyber Risk Are More Likely Now
(DBN)

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Auto Racing:

Legendary driving school heading to a new owner
(DBN)

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Autos:

Tesla: The Final Countdown • We May Have Reached Peak Tesla
(DBN)

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Economy:

Dallas Fed: "Texas Manufacturing Activity Continues to Grow"
(DBN)

Chicago Fed "Index points to little change in economic growth in February"
(DBN)

Global manufacturing data is contracting
(DBN)

Former Fed Chair Yellen says bond market could be hinting need for rate cut — not a recession • Why the yield curve inversion might not signal a recession • The US bond yield curve has inverted. Here’s what it means • Bond yields are at historic lows around the world • Why everyone's so hung up on the recession red flag called 'the yield curve' • The panic over yield curve inversion, explained • 'This Time It Is Different' for Yield Curve, Janus Henderson Says • There’s Danger in Misreading the Inverted Yield Curve • Bond market says not only is a recession coming, but the Fed will cut interest rates to stop it
(DBN)

One by One, Global Bond Markets Are Flashing the Same Warning
(DBN)

OECD Report on Corporate Bond Markets in a Time of Unconventional Monetary Policy
(DBN)

Fed's Evans says inflation could run to 2.5% before rate hikes are needed
(DBN)

Fed's Rosengren suggests buying Treasury bills in next phase of balance-sheet plan
(DBN)

Fed's Rosengren on the Next Recession
(DBN)

Mark Mobius: A different outcome in Mueller report could have emboldened China in US trade war • Trump turns to trade fights with Congress, China and Europe now that the Mueller probe is done • Mexico Opposes US Steel, Aluminum Quotas • Five Charts: Why the Trade Deficit Matters
(DBN)

Ageism in the workplace is robbing millennials of valuable life skills
(DBN)

The quiet desperation of Gen X workers across America
(DBN)

Life lessons from someone who survives on $3 a day
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Freddie Mac: Mortgage Serious Delinquency Rate Decreased Slightly in February
(DBN)

Real estate agents say housing market is favoring buyers
(DBN)

Spring homebuyers likely to grapple with affordability
(DBN)

Housing Inventory Tracking
(DBN)

Their dream was to move into a former elementary school. They found ghosts and bankruptcy
(DBN)

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Municipalities:

Puerto Rico bankruptcy judge requires fiscal board to hasten avoidance claims process
(DBN)

NYC About to Approve Congestion Pricing
(DBN)

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Aviation:

Grounding of Boeing jets contributed to Germania failure - liquidator
(DBN)

Airlines warn of cancellations as Boeing readies 737 Max software fix • One airline has attempted to cancel its order for Boeing's 737 Max 8. Here's why it would be difficult for other airlines to do the same • Ethiopian CEO says the airline still 'believes in Boeing' after the 737 Max crash
(DBN)

Department of Transportation forms ‘expert’ committee to review FAA’s aircraft approval process
(DBN)

In Test of Boeing Jet, Pilots Had 40 Seconds to Fix Error
(DBN)

China Orders 300 Jets from Airbus
(DBN)

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Retailing:

Men Ditch Suits, and Retailers Struggle to Adapt
(DBN)

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Tech:

With the iPhone Sputtering, Apple Bets Its Future on TV and News
(DBN)

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Trucking:

A group of 26,000 truckers wants to strike against the biggest issues plaguing America's trucking industry by shutting down the nation's highways — but not everyone is on board
(DBN)

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Fraud:

Skadden, Covington Newest Big Law Firms in College Bribery Case
(DBN)

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Radio:

iHeart Confirms Chapter 11 Plan with Debt Reduction of More Than $10 Billion in Under 12 Months

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Electricity:

PG&E wildfire-linked bankruptcy imperils big Bay Area green energy project
(DBN)

Bankrupt PG&E, victims of 2015 wildfire fight over fire prevention funding
(DBN)

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Debt Collection:

Opinion analysis: An extremely narrow Fair Debt Collection Practices Act ruling
(DBN)

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Hotels:

Cobblestone owners hope to sell Connellsville hotel by June
(DBN)

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Guns:

The makers of this futuristic 1911-type pistol just filed for bankruptcy
(DBN)

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Debt Collection:

Texas Bill May End Zombie Debt Problem
(DBN)

District Court: 1099-C Language May State Claim for FDCPA Violation
(DBN)

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Pharma:

Oklahoma Supreme Court OKs Start of Landmark Trial Against Opioid Makers
(DBN)

OxyContin maker Purdue agrees to settle Oklahoma opioid case: source
(DBN)

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Awards:

Marcia Goldstein and Ronit Berkovich Named 2019 Dealmakers of the Year by The American Lawyer
(DBN)

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Personal Finance:

Financial advice for the key decades of your life
(DBN)

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Climate:

Fed describes how climate change affects U.S. economy
(DBN)

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Healthcare:

Reorganizing Health Care Bankruptcy
(DBN)

House plans first-ever hearing on surprise medical bills
(DBN)

The unofficial health care system
(DBN)

Poor mental health shortens life expectancy almost as much as diabetes and smoking
(DBN)

A new age of epidemics
(DBN)

Cancer Treatment Costs Imperil Patients
(DBN)

One Nation Under Stress: the documentary lifting the lid on American anxiety
(DBN)

Whoops
(DBN)

In Reversal, DOJ Now Says Whole ACA Unconstitutional • Entire ACA is unconstitutional, Justice Department says, agreeing with Texas court ruling
(DBN)

House Democrats to Unveil Plan to Expand Health Coverage
(DBN)

‘Obamacare’ signups were down slightly in 2018, to 11.4 million people
(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 (13 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (6 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:

Weekly Bankruptcy Claims Trading Activity
(DBN)

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Cross-Border:

Southern District of New York Dismisses Securities Law Claims on Grounds of International Comity; No Chapter 15 Proceeding Required
(DBN)

Ex-nurse suing O'Reilly boosted by court ruling • Judge rules against former Heinz chief Tony O'Reilly in bankruptcy case
(DBN)

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Mediation:

Optimum Time For Mediation: At Close Of Discovery & Before Contested Motions Are Filed
(DBN)

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Bankruptcy Policy:

Government Guaranties for Corporate Bankruptcies
(DBN)

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Retailing:

12 retailers walking a dangerous line toward bankruptcy in 2019
(DBN)

2019 store closures close to surpassing last year's total
(DBN)

“She Lied to My Face”: Inside the Hectic Last Days of Gymboree’s Retail Bankruptcy
(DBN)

We visited a Charlotte Russe store on its last day open, and it was a depressing bargain bonanza
(DBN)

Nostalgia Is Not Enough: Why Customers Abandon Legacy Brands
(DBN)

Amazon is prime territory for drunk shoppers
(DBN)

Neiman Marcus Group Announces Execution of Transaction Support Agreement with Creditors Holding More Than $2.5 Billion of Its Debt • Neiman Marcus gets preliminary support for refinancing • Lenders give Neiman Marcus until 2023 and 2024 to show it can grow out of its overwhelming debt
(DBN)

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Politics:

Obama cautions freshman House Democrats about the price tag of liberal policies
(DBN)

Beto O'Rourke is getting all the attention, but Elizabeth Warren's economic policy proposals are leading the 2020 pack • Warren finds voters aren't all that interested in the Mueller report
(DBN)

Green New Deal: Where the 2020 presidential candidates stand • A Republican senator is proposing his own climate-change plan. Just don’t call it the ‘Green New Deal’
(DBN)

He saved the Utah Republican Party from bankruptcy. But he isn’t done pushing the issue that has split it apart.
(DBN)

GOP Springs Surprise Over Trump's $750Bn Defense Spending
(DBN)

Graham Told McCain to Give Dossier to FBI
(DBN)

Fox Poll : Biden, Bernie lead; Would beat Trump
(DBN)

Inside Trump's winning weekend: "A new presidency" • Trump and Republicans Seek to Turn the Tables in Post-Mueller Washington
(DBN)

Trump signs proclamation recognizing Israeli sovereignty over Golan Heights
(DBN)

GOP leader Kevin McCarthy asks Schiff to step down as intelligence chair
(DBN)

The real reason Trump is awarding Medals of Honor to war heroes at nearly twice the rate of Obama
(DBN)

Kamala Harris unveils plan to give teachers $13,500 raise
(DBN)

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Crypto:

Jeff Skilling Is Out Of Prison And Into Crypto Because Free Will Is A Fallacy
(DBN)

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UK:

With rumors of a Brexit coup, Theresa May’s leadership looks ‘extremely fragile’ • Even Now, Brexit Remains Impossible to Understand • Not enough parliamentary support to hold third Brexit vote, says Theresa May • MPs poised to take control and vote on Brexit options • People's Vote march ‘too big to ignore’, organizers warn MPs • UK lawmakers vote to take control over Brexit process • 'Let my people go': Boris cites Exodus
(DBN)

Katie Price under fire for sharing money-saving tips amid financial trouble
(DBN)

'High risk' of college insolvency, warns FE commissioner
(DBN)

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PIIGS:

Biggest creditor tries to block €70m debt write-off for Gold Cup winner
(DBN)

Italy Still Is Europe’s Debt King, But France Gets Closer
(DBN)

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Canada:

Quebec taxi drivers decry industry overhaul they say will force them into bankruptcy
(DBN)

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Venezuela:

Venezuela’s ‘Two Realities’: People With Dollars and Those Without
(DBN)

Venezuela Shattered by Violent Looting
(DBN)

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India:

India's Jet Airways in deal to avoid insolvency • Jet Airways chairman steps down as banks move in with rescue plan • Jet Airways shares soar after founder Goyal exits • SBI wanted to act tough, act fast on Jet Airways: Rajnish Kumar • SBI's Rajnish Kumar talked Naresh Goyal into leaving Jet Airways
(DBN)

Focus is now on personal insolvency: Injeti Srinivas • Ministry looks at UK model of bankruptcy in case of individuals
(DBN)

12,000 cases filed since implementation of insolvency law, setting up of NCLT: Official
(DBN)

Concerns being raised over misuse of IBC provision for withdrawal of proceeding
(DBN)

Rules to revive companies before liquidation to come out soon
(DBN)

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Australia:

Conflicts of Interest”R”Us: KPMG pursues PwC back into insolvency
(DBN)

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Singapore:

The charismatic bankrupt who pulled the strings behind Singapore’s largest stock manipulation scandal
(DBN)

Singapore’s law firm sees more Southeast Asia credit strains
(DBN)

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Iceland:

WOW air Creditors Agree to Convert Debt
(DBN)

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Brazil:

Brazil agribusiness group seeks bankruptcy protection
(DBN)

Avianca Brasil restructuring flies in the face of regulations, threatens competitors’ rights
(DBN)

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Japan:

Bust: Japan operator of Hooters files for bankruptcy
(DBN)

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Malaysia:

Asiana Airlines’ liquidity at risk as ratings on verge of junk
(DBN)

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