March 5, 2019

The Daily Bankruptcy News

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Law:

The Law School Students Who Help Pay Their Peers’ Tuition
(DBN)

Another MoFo Associate Joins Lawsuit Alleging 'Mommy Track' Bias
(DBN)

Making A Move With A Purpose
(DBN)

Bromley leaves Cleary for Sullivan & Cromwell
(DBN)

Some workplace humor can backfire on women, study finds
(DBN)

Why Michelle Obama Disliked Working at Sidley - and the Lessons That Still Apply
(DBN)

Would-be law student gets record expunged with help of legal services group
(DBN)

Alleged Law Student Arrested On Grand Larceny Charges
(DBN)

On Law Firm Perfection
(DBN)

Former White House Counsel Don McGahn to Return to Jones Day
(DBN)

Escalating Cyber Attacks Widen GC Responsibilities
(DBN)

It's Time for Law Firms to Place Bolder Bets on Their Data
(DBN)

House Judiciary launches sweeping Trump probe In an 'investigative blitz,' the House Judiciary Committee requested documents from 81 people and entities tied to Trump Who’s who among the 81 people and groups the House Judiciary Committee is questioning over Trump Kushner, Trump Jr. Part of Democrats' Massive New Probe Top Democrats want the White House to hand over information about Trump's communications with Putin The House’s Latest Move Could Be a Big Threat to Trump’s Presidency 'It's a political hoax!' Trump blasts House Democrats for launching 'abuse of power' probe How Giuliani Might Take Down Trump Michael Cohen’s lawyer asked about pardon with Trump’s legal team last year Roger Stone asked to explain new book, posts in the wake of gag order Former Trump White House lawyer: Robert Mueller is an "American hero"
(DBN)

Matt Whitaker Has Left the Building
(DBN)

Where Have All the Jones Day Trump Lawyers Gone?
(DBN)

Barr won’t recuse himself from overseeing Mueller investigation
(DBN)

Rudy Giuliani Doesn’t Take Kindly To Michael Cohen Calling Him Names
(DBN)

George Conway: Trump May Face ‘Grounds for Impeachment'
(DBN)

Sweeping Trump Probe Spells Busy Times for These Big Law Partners
(DBN)

Denials rising for work, family and student immigrant visas Trump Wants to Deport Vietnam Refugees The scandal-ridden industry of migrant child shelters 200 Cases of Mumps Confirmed in Texas Migrant Detention Centers Why Texas landowners are fighting Trump’s border wall
(DBN)

5 unmistakable signs you've become a workaholic
(DBN)

DOJ rejects American-born ISIS bride Hoda Muthana's citizenship claims as she insists she should be allowed back into the US
(DBN)

With Nazi salutes around a makeshift swastika, Newport Beach students spark outrage
(DBN)

Former BigLaw attorney sentenced to prison for stealing $600K from church
(DBN)

Late-revealed phone records lead to innocence declaration for former death-row inmate
(DBN)

Man Attempts to Burn Down Planned Parenthood Clinic With Molotov Cocktail, Gallons of Gasoline
(DBN)

SNL’s ‘Shark Tank: Legal Edition’ Perfectly Skewers Today’s Leading TV Lawyers
(DBN)

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Judges:

BK MN Seeks Short-Term Law Clerk The U.S. Bankruptcy Court for the District of Minnesota is recruiting for full-time law clerk positions in St. Paul
(DBN)

Ginsburg’s recovery prescription: Plenty of opinions What Surgery? Ginsburg Churns Out Opinions in High Court Return
(DBN)

Attorney In Hot Water After Referring To A Judge As A Succubus California Attorney in Hot Water for Sexist Insult of Judge
(DBN)

Trump Appeals Pick Rushing Heads to Senate Confirmation Vote
(DBN)

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Wall Street:

Stock-index futures edge higher as investors keep focus on China
(DBN)

Global markets are mixed as China cuts growth targets, but boosts economic support
(DBN)

Dow sinks more than 400 points, with blue-chip gauge on the brink of worst day in 2 months Dow slides 206 points, S&P 500 closes back below key 2,800 level Wall Street drops after weak data, healthcare slump
(DBN)

What Robert Mueller’s report might mean for stocks and trade
(DBN)

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Layoffs:

Bankrupt trucking company shutters Westmoreland facility, laying off 100 workers
(DBN)

New England Motor Freight files for bankruptcy, lays off 98 in Montgomery
(DBN)

Facing lawsuit, New England Motor Freight agrees to increase severance package for employees
(DBN)

Employees file class-action suit against Laser Spine Institute
(DBN)

Post Acute Medical to layoff more than 200
(DBN)

Chester County to lose 137 pharma jobs
(DBN)

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Climate:

More Americans believe GOP's climate position isn't mainstream
(DBN)

Alabama twisters cause deadliest tornado day in U.S. since 2013
(DBN)

Storm causes school closings and power outages in the Northeast
(DBN)

More than a third of millennials share Rep. Alexandria Ocasio-Cortez's worry about having kids while the threat of climate change looms
(DBN)

California’s Wildfires Burn Our Climate Illusions
(DBN)

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Travel:

American Airlines kicks mother and baby off flight because of dry skin condition
(DBN)

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Aviation:

Hawaiian Airlines' stock plummets as Wall Street fears the new competition from Southwest
(DBN)

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Religion:

Oakland priest accused of abusing child flees country, church says
(DBN)

Vatican to open archives on WWII-era pope accused of silence on Holocaust The Secrets That Might Be Hiding in the Vatican’s Archives
(DBN)

The Church Abuse Conference: Too Little Too Late, Or Has It Made A Difference?
(DBN)

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Celebs:

A lawyer for Michael Jackson’s estate responds to disturbing Leaving Neverland documentary allegations On Not Believing Leaving Neverland The FBI's Case Against Michael Jackson
(DBN)

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Student Debt:

Pay Off Student Loans Faster In 2019
(DBN)

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Crypto:

Why regulations are needed after cryptocurrency CEO takes passwords to his grave
(DBN)

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Finance:

Everything you need to know about micro loans for small business
(DBN)

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Auto Racing:

Financially troubled East Valley racing school to be sold this month
(DBN)

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Electricity:

Wildfire victims, creditors grill PG&E at bankruptcy hearing, insolvency filing was in works for “months”
(DBN)

PG&E to Face Pressure From More Investors Over Board Picks
(DBN)

Bankruptcy court wants to keep FERC jurisdiction fight in PG&E Chapter 11
(DBN)

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Golf:

'Complex' Hermitage Club bankruptcy case coming?
(DBN)

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Pensions:

California's Supreme Court upholds pension rollback
(DBN)

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Healthcare:

1199 Begins Protests Against ‘Devastating’ Medicaid Cuts
(DBN)

Drugs that cost as much as a house are on the way to treat rare and devastating diseases. The US is scrambling to figure out how to pay for them.
(DBN)

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Economy:

Hayman Capital’s Kyle Bass predicts US interest rates will head back to zero in 2020
(DBN)

Construction Down, GDP to be Revised
(DBN)

Modern Monetary Theory is nonsense, just more voodoo economics
(DBN)

Why Corporate America Is Debt Dieting After Binge
(DBN)

A strong, improving jobs market outweighs all the bad news recently on the economy
(DBN)

For struggling Americans, nowhere to go
(DBN)

Investors don't care about the Trump trade war Trump's trade war cost Americans $1.4 billion per month last year, according to a new report Trump Trade War Costs Us $3Bn a Month China trade deal looking more and more like a ‘sell the news’ opportunity for stock investors Why investors shouldn’t get too elated about a U.S.-China trade deal China just slashed its target for economic growth, and it's a sign of how much pain Trump's trade war is causing Chinese premier: ‘We must be fully prepared for a tough struggle’ The Huawei Executive Facing Extradition: Three Things to Know Huawei says it would never hand data to China's government. Experts say it wouldn't have a choice Trump to revoke preferential trade status for India, Turkey
(DBN)

Google found it was underpaying more men than women for similar jobs
(DBN)

Trump was reportedly swayed by Fox News hosts into almost shutting down the government
(DBN)

This map shows how much money you need to earn to get by in every US state
(DBN)

Here is the lowest-paying job in every US state
(DBN)

High-Tax States Make It Hard for the Rich to Leave
(DBN)

Taxing the rich, an idea gaining ground in the United States
(DBN)

Ripple Effect: Foxconn employees hit with salary cuts foreshadows impact on Wisconsin
(DBN)

Counties Where Natives Never Leave
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Bankruptcy court approves $40M bid for Palm Beach hotel project
(DBN)

Update: Framing Lumber Prices Down 25% Year-over-year
(DBN)

Q4 2018 GDP Details on Residential and Commercial Real Estate
(DBN)

Serious Delinquency Rates for Single Family Mortgages Unchanged In January
(DBN)

Construction Spending decreased in December
(DBN)

Goldman Sachs surpasses $1.25 billion in customer relief in massive toxic mortgage bond settlement
(DBN)

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Municipalities:

Municipal Pensions and OPEB Liabilities in Chapter 9
(DBN)

Puerto Rico, the Board, and the Appointments Clause
(DBN)

Oakland teachers return to class after 7-day strike. Here’s what they won — and lost.
(DBN)

Save Puerto Rico financial reforms
(DBN)

California agency says ‘clawback’ of federal funds for bullet train ‘would be disastrous’
(DBN)

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Oil/Gas:

$70 Oil is Right Around the Corner
(DBN)

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Personal Finance:

This 24-year-old is on track to save $100,000 by age 25, and she has advice for other women who want to be rich
(DBN)

You can retire with less money at 30 than you’ll need at 60
(DBN)

People are waiting on hold for more than 3 hours trying to get their taxes filed
(DBN)

$1.5 billion Mega Millions winner finally claims jackpot, but stays anonymous
(DBN)

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Autos:

2019 was supposed to be easy for Tesla, but now it's a circus Tesla will shed more than 66% this year, predicts former hedge-fund manager Why Tesla’s Closing of Stores Could Be Expensive Here’s why Tesla’s Model Y announcement is ‘fodder for the bears’ Tesla’s onslaught of announcements is raising red flags about demand for its cars Tesla is 'out of bullets' and will plunge below $100 this year, former hedge-fund manager Whitney Tilson says Why Model 3 Owners Are Angry and What Tesla Is Sort-Of Doing About It Tesla Unsecured Debt: Recovery Tops Out At ~30c (If You're Lucky) Where The Tesla Bears Are Wrong
(DBN)

Disgraced former Nissan Motor Co. Chairman Carlos Ghosn reportedly approved for $9 million bail
(DBN)

Consumer Response to Chapter 11 Bankruptcy: Negative Demand Spillover to Competitors
(DBN)

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Food/Beverage:

Blue Apron craters below $1
(DBN)

Munchery bankruptcy filing leaves little for food vendors Failed meal-kit service Munchery owes $6M to gift card holders, vendors
(DBN)

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Healthcare:

Bankrupt California hospital chain closes $235M sale
(DBN)

FactCheck: "A black woman in New York City is 12 times more likely to die in childbirth than a white woman."
(DBN)

How much a nursing home room costs in all 50 states
(DBN)

A single-payer advocate answers the big question: How do we pay for it?
(DBN)

Higher deductibles aren't getting people to price shop
(DBN)

Second Person Goes into Full HIV Remission
(DBN)

Drugs, Alcohol, Suicide Deaths Record High
(DBN)

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Sports:

Michael Cohen's Testimony Was Brutal For Public Funding Of Sports Sites
(DBN)

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Corporate Governance:

Can Shareholders Be Forced to Arbitrate Claims?
(DBN)

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Distressed Investing:

A Global NPL Perspective
(DBN)

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Pharma:

OxyContin maker Purdue Pharma reportedly exploring bankruptcy OxyContin maker Purdue Pharma may declare bankruptcy Purdue Pharma Preparing For Possible Bankruptcy Filing OxyContin maker Purdue Pharma exploring bankruptcy How OxyContin maker Purdue Pharma’s potential bankruptcy filing would stall thousands of lawsuits before federal judge in Cleveland
(DBN)

OxyContin Maker Purdue Pharma ‘Engineered’ the Opioid Crisis. Now it’s Getting What it Deserves
(DBN)

Purdue Calls Massachusetts Opioid Suit 'Oversimplified Scapegoating,' Seeks Dismissal
(DBN)

Painkiller stocks in the red on possible Purdue bankruptcy
(DBN)

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Telecoms:

Windstream's Reorganization Plan - What I Am Expecting
(DBN)

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Coal:

US coal company leaving bankruptcy, mines go to creditors Westmoreland Announces Court Confirmation of Chapter 11 Plan
(DBN)

Kemmerer mine sale approved by bankruptcy judge
(DBN)

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Aviation:

Carlyle Group is to provide funding to restructuring US-based Nordam to enable the aerostructures manufacturer and repair provider to emerge from Chapter 11 bankruptcy protection Tulsa-based Nordam gets investment to fund exit from Chapter 11
(DBN)

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Musical Instruments:

T-Rex Engineering declares bankruptcy
(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 (34 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (27 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 ME: Updated Filing Statistics
(DBN)

NH bankruptcy filings dip year over year in February
(DBN)

Weekly Bankruptcy Claims Trading Activity
(DBN)

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Unsecured Attorneys' Fees:

Unsecured Claim for Postpetition Attorney Fees Allowed Based on Prepetition Contract
(DBN)

Fourth Circuit Green Lights Lender Claims for Post-Petition Attorneys’ Fees
(DBN)

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Bankruptcy Reform:

Workers Push to Come Before Creditors in U.S. Bankruptcy Payouts
(DBN)

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Sovereign Immunity:

Federal Appeals Court Affirms Tribal Immunity from Bankruptcy Code
(DBN)

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Trustees:

Ch. 7 Trustee Wanted For BK MD (Northern Division)
(DBN)

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Standing:

Fifth Circ. Distinguishes Derivative Versus Individual Claims Against Third Parties
(DBN)

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Recharacterization:

Debt Recharacterization Under State Law
(DBN)

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Bankruptcy Rules:

Judicial Conference Bankruptcy Rules Advisory Committee To Meet April 4 In San Antonio
(DBN)

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Retailing:

Victoria's Secret is closing dozens of stores this year — here's why the brand has failed to keep up
(DBN)

The last Blockbuster in Australia is closing down — and now there's only one store left on earth
(DBN)

The retail apocalypse will claim 4,300 stores this year. Here's why mall giants aren't freaking out
(DBN)

Amazon's culture is reportedly so hard on working parents that some people don't mention their kids or display family pictures
(DBN)

Neiman Marcus Struck ‘Devil's Bargain’ With CDS Traders, Fund Says S&P cuts Neiman Marcus' credit ratings over concerns about debt restructuring Credit Default Swap Market Indicates a Greater Than 80% Probability of Default by Neiman Marcus Within 5 Years, According to Recent Bloomberg Estimates, Marble Ridge Reports The Biggest Retailers Are Too Scared To Disclose This Data. But Nordstrom Just Did
(DBN)

Children’s Place stock rocked as Gymboree bankruptcy blamed for big earnings miss Gap is buying a high-end kid's fashion line as the company tries to escape its cheap image and spins off Old Navy
(DBN)

Target's stock surges after earnings and sales beat expectations, amid traffic and digital strength
(DBN)

No, really, these stores aren't closing even though they share names with bankrupt chains
(DBN)

U.S. Retailers Will Need A Better Footing As Another Difficult Year Digs In, Report
(DBN)

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Politics:

Trump serves another college football team fast food feast to celebrate championship
(DBN)

Trump's Approval Numbers Climbing President Trump Job Approval - Poll of Polls - Approve: 44.2% - Disapprove: 53%
(DBN)

FactCheck: Trump at CPAC
(DBN)

Poll: Most Support NATO and the UN
(DBN)

Democratic candidates for president are not seeking advice from the Clintons
(DBN)

John Bolton May Save Us All
(DBN)

Ocasio-Cortez: “I defer to party leadership” on Trump impeachment
(DBN)

The Anger of Amy Klobuchar
(DBN)

Ivanka Trump’s ‘cringey’ joke: I’ve got ‘the hardest job in the world’
(DBN)

Bernie Sanders Sees Crowd of 13,000 at Campaign Launch
(DBN)

Elizabeth Warren’s Small-Dollar Pledge Isn’t Just Symbolic
(DBN)

Hillary Clinton says she's not running in 2020
(DBN)

Mark Cuban Says He Could Run for White House in 2020
(DBN)

Ben Carson plans to leave Trump administration after first term
(DBN)

As 15 ex-lawmakers from last Congress join lobbying firms, 2 senators roll out bill to ban such moves
(DBN)

Socialism Versus Capitalism In Sanders’ 2020 Presidential Bid
(DBN)

Fox News CEO Roger Ailes tipped off Trump about a 2016 debate question, report claims — the same thing he attacked Hillary Clinton and CNN for Fox News reportedly killed its story on Trump's alleged affair with Stormy Daniels weeks before the election The Making of the Fox News White House
(DBN)

McConnell: Senate Will OK Bill to Block Trump
(DBN)

House Dems will take floor action to confront Omar’s latest Israel comments
(DBN)

Trump Donated to Harris for Calif. AG
(DBN)

The Geography of Partisan Prejudice
(DBN)

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UK:

Brexit is a major national 'crisis' which may trigger a public inquiry, says former UK ambassador
(DBN)

Insolvencies in Northern Ireland fall to lowest rate for a decade
(DBN)

Interserve shares soar as it 'considers' rescue deal demands from lead shareholder
(DBN)

Debenhams hit by latest profit warning despite 'constructive' talks
(DBN)

UK's Giraffe, Ed's Easy Diner to shut 27 outlets in fight for survival
(DBN)

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PIIGS:

Greece Begins First 10-Year Bond Sale Since Before Bailout
(DBN)

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Canada:

Canada and Justin Trudeau are in trouble
(DBN)

Consumer insolvency rate to continue growing – CAIRP
(DBN)

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Venezuela:

Guaidó returns to Venezuela, setting up possible clash with Maduro
(DBN)

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India:

How bankruptcy code can help fix India's agrarian crisis
(DBN)

Govt likely to tweak IBC for cross-border cases, Bill after elections
(DBN)

Can “Jai Hind” pull Air India out of the black hole it is in? SBI, PNB may buy other banks' exposure to debt-laden Jet Airways
(DBN)

Insolvency and Bankruptcy Code Introduced Competition For Entrepreneurship And Capital
(DBN)

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China:

China sets 2019 GDP growth target at 6% to 6.5% China's Caixin Services PMI falls to a 4-month low China sets economic growth target, vows foreign companies will get equal treatment China Sees Tough Battle in Boosting Growth Without Debt Blowout China Has a Dirty Little Stimulus Secret
(DBN)

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MENA:

Dubai regulator says Abraaj collapse may spur oversight changes
(DBN)

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Germany:

German taxpayer may be left with hefty unpaid Airbus loan: report
(DBN)

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