May 6, 2019

The Daily Bankruptcy News

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Law:

Biglaw Firm Unveils Plan To Do Away With Billable Hours As A Metric To Evaluate Associate Performance
(DBN)

Biglaw Summer Bonuses Have Arrived
(DBN)

Billing The Most Hours In All Of Biglaw
(DBN)

Legal Industry Is Left Out as Economists Cheer US Jobs Growth
(DBN)

Protecting a Law Firm's Brand Is Harder Than Ever
(DBN)

Robinson Bradshaw Seeks Quick Win on Black Lawyer’s Fraud Claims
(DBN)

Temporary Attorneys The New Go-To Route For In-House?
(DBN)

Why Lawyers Are Obsessed with Rankings
(DBN)

Legal Madness: Your In-House Horror Stories Performed On Stage
(DBN)

Biglaw Partner Stresses That You Need Not ‘Suffer In Silence’ With Depression
(DBN)

10 Reasons To Attend Law School From Rising 1L Students Throughout America
(DBN)

This is not your father’s firm; suit pits dad against son over right to use first and last name
(DBN)

Barr refuses to testify before House as Justice Department rejects request for full Mueller report Pressure Grows on Attorney General Barr Trump, Barr and the Rule of Law Prosecutors Won't Meet with Cohen Before Jail The Russia Investigation Will Continue Trump changes course, now say Mueller should not testify before Congress House Judiciary threatens to hold Barr in contempt if he misses Monday’s deadline to release unredacted Mueller report Trump just said Mueller shouldn't testify before Congress and claimed that Democrats were 'looking for a redo' A Democratic lawmaker sparked confusion Sunday, suggesting that Robert Mueller had agreed to testify before Congress, before walking back his comments
(DBN)

Napolitano: President Trump Obstructed Trump Retweets: Fire Napolitano at Fox
(DBN)

How to Get Trump's Tax Returns w/0 Subpoena
(DBN)

Special Counsel Prosecutor to Return to Davis Polk
(DBN)

Tribe bans South Dakota governor from reservation over her support for laws targeting Keystone XL pipeline protests
(DBN)

Federal job seekers shouldn’t have to disclose whether they were in diversion programs, ABA says
(DBN)

Attorney who does pro bono with inmates is new Miss USA Recent Law School Graduate Clinches Title Of Miss USA
(DBN)

Firm’s suit against HP over broken printer repair ends up in federal court
(DBN)

New state law allows attorneys to store guns for domestic abusers; this lawyer is ready
(DBN)

Doing Justice: An Evening With Preet Bharara At Cleary Gottlieb
(DBN)

Man Wins Legal Battle Over Traffic Ticket By Convincing Court A Hash Brown Is Not A Phone
(DBN)

The Legacy of Emmett Till
(DBN)

The NRA, Explained
(DBN)

Junk Science: The Battle Over Forensics
(DBN)

Lawyer disbarred for abandoning clients after moving across the country to ‘play jazz’
(DBN)

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Judges:

BK ND CA: New Ch. 11 Guidelines Website Link
(DBN)

Judge faces scrutiny over anti-immigrant articles he shared on Facebook, including one by Holocaust denier
(DBN)

Man accused of abusing teen and keeping her in dog cage gets time served
(DBN)

Jones Day, Quinn Emanuel Alums Get Trump Judicial Nods
(DBN)

Back-Loaded Supreme Court Enters ‘Flood Season’
(DBN)

Justice Thomas' Moment Has Arrived
(DBN)

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Wall Street:

‘Art of the Deal’ or a serious breakdown in trade talks? Stocks point to the latter Dow futures slump 500 points as threat of full-blown trade war re-emerges China says still planning to send delegates to Washington this week: report Here’s what Wall Street is saying about Trump’s tariff threat and what it means for investors
(DBN)

Global markets plunge after Trump's shock tariff threat escalates the US-China trade war
(DBN)

Stocks close up on big April jobs report, falling unemployment
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Layoffs:

‘I’m 57. How employable am I going to be?’ Nearly 1,400 autoworkers are about to lose their jobs at Illinois plant
(DBN)

Paterson school budget: Decision looms on 200 layoffs
(DBN)

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Entertainment:

Bradley Cooper Denied Ticket to Appeals Court Over Weinstein Debt
(DBN)

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Climate:

Permafrost Rapidly Disappearing in Arctic
(DBN)

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Maritime:

ABG Shipyard heads to junkyard as NCLT orders liquidation
(DBN)

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Student Debt:

Here’s what Americans think of Elizabeth Warren’s plan to cancel student debt
(DBN)

Elizabeth Warren’s Student Debt Plan
(DBN)

Student Loans and Suicide
(DBN)

The Far-Reaching Burden of America’s Student Debt
(DBN)

America’s Student-Debt Crisis Was Born in the 1600s
(DBN)

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Personal Finance:

5 hard-earned lessons from people who retired early
(DBN)

These are the bad things about early retirement that no one talks about
(DBN)

When wives earn more than their husbands, their marriage is less likely to last
(DBN)

Meet the students learning how to become millionaires in a school district where many parents don’t have bank accounts
(DBN)

The No. 1 job billionaires and multimillionaires held before they got filthy rich
(DBN)

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Tech:

Chip companies face worst downturn in a decade, analysis contends
(DBN)

ASML Wins $845 Million Trade-Theft Case Against Bankrupt XTAL
(DBN)

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Electricity:

A Radical, Enron-Era Measure Revived as Fires Burn Power Giants
(DBN)

FERC Won't Budge On PG&E Power Deal Oversight
(DBN)

PG&E unable to strike deal over renewable power contracts: court documents
(DBN)

PG&E says SEC is investigating its wildfire disclosures
(DBN)

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Disaster Recovery:

Sungard Availability Services Successfully Completes Financial Restructuring and Emerges from "Prepackaged" Chapter 11
(DBN)

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Coal:

Renewables generated more electricity than coal for the first time in US history
(DBN)

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Agribusiness:

Bernie Sanders promises help for family farms, rural residents on trip to Iowa
(DBN)

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Private Equity:

Buffett slams private equity over inflated returns, debt
(DBN)

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Credit Repair:

CFPB accuses two of the nation’s largest credit repair companies of tricking and cheating customers
(DBN)

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Debt Collection:

Eyes on the Prize: Procedures and Strategies for Collecting Money Judgments and Shielding Assets
(DBN)

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Resins:

Hexion Deep Dive
(DBN)

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Economy:

ISM Non-Manufacturing Index decreased to 55.5% in April
(DBN)

April Employment Report: 263,000 Jobs Added, 3.6% Unemployment Rate Comments on April Employment Report Great Jobs Report? No So Fast Say Economists Why the Latest Jobs Figures Aren’t as Strong as They Look Sizzling jobs report justifies Powell’s Fed press conference reluctance to suggest rate cuts U.S. creates 263,000 jobs in April as unemployment falls to 49-year low ‘Boom!’ Economists hail strong jobs report as jobless rate dips to Vietnam draft-era low
(DBN)

Here’s the No. 1 state for jobs in the U.S. — and it’s not California or New York
(DBN)

The Biggest Question Facing the Fed For the Fed, the mantra is now ‘it’s inflation stupid’
(DBN)

Public and Private Sector Payroll Jobs During Presidential Terms
(DBN)

Stars are aligned for economy as it closes in on record for longest expansion
(DBN)

Stiglitz on the Next Recession
(DBN)

Productivity Grows Slowly
(DBN)

Head of world’s largest hedge fund says adoption of unorthodox monetary policy is ‘inevitable’
(DBN)

Ray Dalio and Other Billionaires Bemoan Broken System, Prep for Coming Class War
(DBN)

One reason wages aren’t rising faster: The gutting of middle-manager positions
(DBN)

China Prepares Delegation for US Trade Talks Trump is Losing His Trade War with China Trump threatens to hike tariffs on $200 billion in Chinese goods as trade talks stall Fed up Canada tells U.S. to help with China crisis or forget about favors China stocks drop 5.5%, leading Asia markets lower as U.S.-China trade deal appears in jeopardy Trump: Tariffs on $200 billion of Chinese goods will increase to 25% The glaring absence in Trump's showdown with China Trump may need more than tariff threats to rattle China on trade Goldman Sachs: Here’s what could happen next with the US-China trade war Why US Democrats don’t want to mention Trump’s (trade) war Trump escalates trade war just as investors were starting to believe in stocks and economy again
(DBN)

Warren Buffett on Trump’s tough trade negotiations: Sometimes you have to ‘act half crazy’
(DBN)

CDOs Are Back And They Are Totally Safe Now So Don’t Worry About It
(DBN)

Larry Kudlow Lies On TV About Jay Powell Contemplating A Rate Cut
(DBN)

AAR: April Rail Carloads down 0.9% YoY, Intermodal Down 3.9% YoY
(DBN)

Millionaires flee their homelands as tensions rise and taxes bite
(DBN)

Don't be shocked if Trump's economy goes the way of Bush's
(DBN)

More than half of city dwellers consider themselves poor or working class, and it highlights 3 of the biggest differences between living in the city and the suburbs
(DBN)

How corporate monopolies fuel wage stagnation, inequality, and populism
(DBN)

Why job seekers are relocating at historically low rates
(DBN)

The No. 1 job in America pays over $108,000 a year
(DBN)

Beware of the Misconceptions About Millennials
(DBN)

Buffett: Strange Economy Wasn't Predicted
(DBN)

Class 8 Big Rig Orders Continue to Fall
(DBN)

Americans are flocking to these 9 southern cities where business is booming and salaries are rising
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Brad Pitt Katrina Housing Project Under Fire
(DBN)

Lax standards for home equity lines of credit repeat bubble-era madness
(DBN)Mortgage rates tumble as one economist waves the white flag
(DBN)

Palm House: Courts busy in several cases related to troubled Palm Beach development
(DBN)

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Municipalities:

Puerto Rico oversight board sues over bond payment pledge
(DBN)

Puerto Rico Debt Repudiation Raises New Risks for Munis
(DBN)

Board orders Puerto Rico to Cover $340M
(DBN)

'Disgusted.' Why Americans Are Still Waiting on Congress for Disaster Relief
(DBN)

Muni Lowdown
(DBN)

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Oil/Gas:

Mideast Oil Giants About to Upend Trading
(DBN)

Iran Oil Minister: OPEC Collapse is Nearing
(DBN)

Drilled but uncompleted wells reach record heights
(DBN)

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Retailing:

Campus Den sports apparel bankruptcy: What it means for Michigan chain's stores, employees
(DBN)

What Happens to Abandoned Malls?
(DBN)

New Look successfully slashes debt
(DBN)

Francesca’s nosedives into fourth-quarter loss
(DBN)

The rise and fall of Victoria's Secret
(DBN)

Are retail jobs in a funk? It's complicated
(DBN)

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Politics:

The Democrats’ Futile And Self-Destructive Attraction To Impeachment
(DBN)

Ohio Congressional Map Overturned by Court in Win For Democrats Have court rulings in Michigan and Ohio turned the tide on partisan gerrymandering?
(DBN)

Navy Strike Group Sent to Threaten Iran
(DBN)

Trump makes Russian interference 'worse by calling it a hoax,' Klobuchar says
(DBN)

Trump’s Surreal Phone Call With Vladimir Putin
(DBN)

Trump Weighs in on Kentucky Derby Trump blames ‘political correctness’ for what happened at the Kentucky Derby
(DBN)

Trump Scoreboard shows acceleration in jobs growth even with unemployment rate at new lows
(DBN)

Trump Retweets Far Right Comments
(DBN)

Trump surprises officials with nomination of Mark Morgan to head ICE Trump picks former Border Patrol chief, border-wall supporter to lead ICE Trump names Obama-era border patrol chief Mark Morgan as the new head of ICE
(DBN)

Race for the White House: Biden opens a big poll gap but can he maintain it? Biden Parody Site Outranks Campaign Site Bernie Sanders says there's not 'much question' he's more progressive than Joe Biden Biden’s strength fueled by perception of his electability Joe Biden has a new nickname for Trump after the president called him 'Sleepy Joe'
(DBN)

De Blasio to enter presidential race next week: report
(DBN)

Far Right's Deep Roots in Southern California
(DBN)

Where are They Now? Trump Castoffs
(DBN)

What to Do When the Boss Is Wrong
(DBN)

Trump expresses faith in Kim Jong Un, amid report of North Korean short-range weapon test
(DBN)

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Marijuana:

Ninth Circuit Backs Bankruptcy Plan for Company With Marijuana Ties Ninth Circuit Gives A Partial Green Light to Cannabis Company Bankruptcies
(DBN)

Don’t Bank(ruptcy) On It: In re Adair
(DBN)

How a Marijuana Company Lost Half a Billion Dollars in Less Than a Month
(DBN)

As legal marijuana booms, Denver votes on decriminalizing hallucinogenic mushrooms
(DBN)

A Big Law Cannabis Partner on Ethics, Clients and What It Takes to Build a Practice
(DBN)

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Travel:

Diana Ross: I Was Violated by TSA
(DBN)

Passengers Escape Jet in Jacksonville River Pilots made last-minute runway change before ending up in Jacksonville river ‘Miracle’ Boeing 737 crashes into Florida river — all 143 people on jet survive
(DBN)

Russian Plane Bursts Into Flames After Landing
(DBN)

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Pharma:

Spotlight shifts to Johnson & Johnson as first major opioid trial nears in Oklahoma
(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 (29 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (8 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:

Never Stop Trying Your Case, Even When Settling
(DBN)

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Equipment Leases:

Bankruptcy Hypotheticals for Equipment Lessors to Consider
(DBN)

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Miscellaneous:

Perspectives from the Dentons Global Restructuring, Insolvency and Bankruptcy Team
(DBN)

Rochelle
(DBN)

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Safe Harbors:

Safe Harbor Re-Opened? SDNY Revisits Merit Management
(DBN)

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Sales:

Another Ruling on Public Auctions Versus Private Sales Under Section 363
(DBN)

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Make-Whole:

Make-Whole Premiums Enforceable Even After Ultra and Momentive
(DBN)

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Tax:

Justices Asked To Resolve Split On Consolidated Tax Refunds
(DBN)

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Aviation:

Boeing Knew About 737 Max Problems But Did Nothing Boeing Pushed to Limit Safety Testing Boeing kept quiet about 737 Max safety-alert problem for about a year Boeing waited until after Indonesian plane crash to inform FAA of 737 Max safety review
(DBN)

Boeing admits that it made a key alert system linked to faulty sensors optional on 737 MAX planes
(DBN)

41 Dead as Russian Aeroflot Plane Catches Fire
(DBN)

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Healthcare:

Maine bill aims to address challenges facing rural hospitals
(DBN)

Healthcare Subsidies for Under 65 $737Bn
(DBN)

Alzheimer's Rates About to Skyrocket
(DBN)

Fatal drug overdoses involving cocaine surge by over 52% — here’s why
(DBN)

Despite proposed fines for anti-vaxxers in Germany and New York, vaccine exemption bills may be on the rise
(DBN)

As recovery continues, fears that ACA would cause employers to shift to part-time work don’t materialize
(DBN)

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Newspapers:

50% of US Newspapers Will be Gone by 2021
(DBN)

Oldest Louisiana Newspaper Fires Entire Staff
(DBN)

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Consumer Finance:

Republicans and Democrats cite the same Federal Reserve data in high-stakes debate on payday lenders
(DBN)

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Food/Beverage:

Subway Closed 1,108 Restaurants Last Year
(DBN)

Kraft Heinz to restate results back to 2016, stock falls Buffett says Kraft Heinz, auditor have disagreement: ‘There’s something going on’
(DBN)

Bernie Sanders proposes breaking up agriculture monopolies
(DBN)

Kona Grill files for bankruptcy protection amid more restaurant closures
(DBN)

As Rumors of Financial Woes Persist, Celis Brewery’s Future Remains Uncertain
(DBN)

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Autos:

Tate's Auto Group toppled by financial, legal troubles
(DBN)

Elon Musk is grimacing all the way to the bank as Tesla finally raises more money Tesla CEO Elon Musk Has a Plan That Would Make Him a Very Rich Man Tesla's Assumptions Do Not Hold Water
(DBN)

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Aerospace:

SpaceX's Billionaire Passenger: I'm Broke
(DBN)

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Fraud:

College Admissions Scandal Not Done Yet Lori Loughlin to Hire Crisis Managers
(DBN)

The company that dashed our sapphire-covered iPhone dreams is being charged with fraud Apple's Failed Sapphire Glass Supplier GT Advanced Charged With Misleading Investors
(DBN)

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Taxis:

Lyft: We Don't Need No Stinkin' Laws
(DBN)

Uber and Lyft drivers are planning a massive strike this week over work conditions and pay rates
(DBN)

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Crypto:

Joseph Stiglitz: ‘We should shutdown the cryptocurrencies’
(DBN)

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UK:

Brexit Party's Biggest Donor Irrelevant
(DBN)

Professor Moneybags: £350k salary, a rent-free flat, and £57k on travel expenses... how the man who ran a university ranked 67th in Britain is an object lesson in why such institutions are on the brink of bankruptcy
(DBN)

NAB facing fresh UK loan refund threat
(DBN)

Bolton move closer to administration after Brentford match canceled
(DBN)

The Insolvency and Corporate Governance Consultation: A Review
(DBN)

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PIIGS:

Austria’s Kurz says Italy debt could threaten eurozone Sovereign debt still a risk for Italy lenders, says central bank
(DBN)

Seán Dunne-Gayle Killilea asset transfer trial kicks off in US
(DBN)

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Canada:

Three years later, Fort McMurray recovery marked by court fights, sluggish rebuild
(DBN)

Receiver named for Trident Exploration at request of Orphan Well Association Trident bankruptcy may show lenders viewing oil and gas differently: CAPP Canadian company with 4,700 gas wells closes doors
(DBN)

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India:

Frequent flyers and employees who want to buy Jet Airways should first look at America’s United India govt sees little scope for Jet Airways revival Debt-laden airline never had a viable business model No chance of a Jet Airways revival: Government sources
(DBN)

Insolvency process: Don’t discriminate among creditors, NCLAT tells banks
(DBN)

Dangerous to let viable companies close down, says Insolvency Board chief
(DBN)

IBC resulted in recovery rate of 43%, figure is respectable: CRISIL
(DBN)

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Venezuela:

Venezuela’s Restructuring: A Path Forward
(DBN)

Guaido May Want US Military Intervention in Venezuela
(DBN)

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MENA:

Brunei backs away from death by stoning under Islamic law
(DBN)

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