April 10, 2019

The Daily Bankruptcy News

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Law:

Former Willkie co-chair’s plea deal calls for sentence of up to 14 months in prison • Biglaw Firm Ditches Partner Nabbed In College Admissions Scandal • Willkie Attorney In 'Varsity Blues' Scandal Could Practice Again
(DBN)

Jones Day Speaks Out on Bias Claims, Says Working Mothers Thrive
(DBN)

Morrison & Foerster Seeks Sanctions in 'Mommy Track' Suit • MoFo presses for sanctions in pregnancy bias battle • Morrison & Foerster Seeks Sanctions Against Sanford Heisler
(DBN)

Kirkland Leads M&A Advisers
(DBN)

Hunton Beats Oil Company Financier's $124 Million Malpractice Suit
(DBN)

Sidley Partner Takes Flamethrower To Bridges On The Way Out
(DBN)

Wisconsin Bar Dues Requirement Unconstitutional, Lawyers Say
(DBN)

Foley & Lardner Reaps Big Gains From Gardere Merger
(DBN)

Former SeaWorld lawyer pleads guilty to insider trading
(DBN)

Biglaw’s Most Liberal
(DBN)

Trendspotting: Going To Law School Without Taking The LSAT
(DBN)

The Justice Department is poised to release a redacted version of the Mueller report 'within a week' • Bill Barr: I’m Not Giving Congress Full Mueller Report • Barr: Obstruction of Justice Evidence Won't Be Redacted • The Forgotten Reason Congress Needs to See the Mueller Report • Barr builds team to review FBI's actions during Trump investigation • AG Barr Didn't Say No When Asked if the White House Had Seen the Mueller Report • Barr Says He Can’t Release Full Mueller Report Due to Recent Court Decision. He’s Right, But There’s an Exception • High Profile Former FBI Lawyer Didn't Think Rosenstein Was Joking About Invoking 25th Amendment • AG Barr: No Plans to Ask Court to Release Grand Jury Info in Mueller Report • Democrats Fume Over Barr’s Answers on Mueller Report • AG Barr plans to use color-coding to explain Mueller report redactions
(DBN)

Treasury Secretary Steven Mnuchin battles with Democrats over Trump's tax returns • Mnuchin: White House lawyers have spoken with Treasury about Trump tax returns • Can Congress force Trump to hand over his tax returns? - 11 legal experts
(DBN)

16 Democratic senators call for ICE to reinstate release of all pregnant women • Trump denies he is seeking to restart child separation policy at the US-Mexico border • Trump’s attempt to blame Obama for family separations • The surge in migrants seeking asylum, explained • Border crossings in March reach highest level in a decade • Administration awards almost $1 billion in contracts for border wall • Border chaos forces truckers to wait hours, sometimes days • Trump Administration Mulls Tougher Immigration Policies Amid DHS Shake-Up • Trump administration considers revised version of family separation tactic
(DBN)

Could Michael Avenatti really hurt Nike? Maybe not as much as you think
(DBN)

How Americans are experiencing racism
(DBN)

Gun-maker to ask Supreme Court to hear Sandy Hook appeal
(DBN)

Jewish groups, security officials prepare to confront violence
(DBN)

'Taco Truck Tammy' Threatens to Call ICE on Latinas Operating Food Truck
(DBN)

Trump administration requires Texas Tech medical school to end use of race in determining admissions
(DBN)

Family Kills Grandma to Get Her Checks
(DBN)

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Judges:

Del. Bankruptcy Judge Kevin Gross To Retire In March 2020
(DBN)

Judge faces possible suspension for quizzing woman about how to avoid r---, ‘infantile’ remarks to staff
(DBN)

Book on Sandra Day O'Connor increases admiration and confirms doubts
(DBN)

Students decry George Mason's decision to hire Justice Brett Kavanaugh
(DBN)

Newly elected judge accidentally resigns; county commissioners to decide his fate • Texas judge who accidentally resigned denied 2nd chance
(DBN)

ABA Hammers Trump Administration For Restricting ICC Visas
(DBN)

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Wall Street:

Dow futures slightly higher ahead of inflation data, Fed minutes
(DBN)

Dow Tumbles 190 Points After Donald Trump Tweet Suggests a New Front in the Trade War
(DBN)

If this ‘relentless bid’ dries up, investors could face ‘gruesome nightmare’
(DBN)

Nobody on Wall Street seems afraid. Here's why that's scary
(DBN)

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Layoffs:

Call-center operator to lay off nearly 800 in Tucson
(DBN)

SocGen Slashes 1,600 Trading Jobs After Stunning 20% Loss
(DBN)

How Americans see automation and the workplace in 7 charts
(DBN)

The problem with automation
(DBN)

Walmart doubles down on robots to shift labor costs: "We're going big"
(DBN)

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Retailing:

The retail apocalypse is far from over as analysts predict 75,000 more store closures
(DBN)

11 Retailers Who Have Filed for Bankruptcy This Year
(DBN)

Kitten Heels are Dead. Long Live Kitten Heels.
(DBN)

Heavy Debt Drives Retail Failures in Underappreciated Ways, Writes Tiger Capital Group Expert
(DBN)

Claire's policies spark backlash after an ex-employee said she was told to pierce children's ears even if they said no and needed to be physically restrained
(DBN)

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Pharma:

Senators asked 7 big drugmakers to lower their prices. None of them gave a straight answer.
(DBN)

Senator: Pharmacy benefit managers are PBNs — ‘pretty bad negotiators’ • Pharmacy Middlemen Will Take Their Turn in the Congressional Hot Seat
(DBN)

4 pharma companies saved $7 billion from GOP tax law
(DBN)

CVS, Cigna, Humana blame Big Pharma at Senate hearing
(DBN)

U.S. prosecutors accuse U.K.-based Indivior of fraud over opioid-addiction treatment • Opioid Maker Charged With Fraud In Marketing Drug As Less Prone To Abuse • US accusations sends Indivior shares plunging
(DBN)

Purdue Pharma's cozy relationship with Tufts
(DBN)

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Aviation:

Nations and air regulators join FAA's Boeing 737 MAX safety review panel
(DBN)

American Airlines is the second airline to warn investors that Boeing's 737 Max crisis will hurt its financial performance
(DBN)

Boeing first-quarter deliveries and orders sink after 737 Max groundings • Boeing’s stock drags Dow down as surprise production cuts spook market • Boeing records zero new MAX orders following global groundings • Boeing Hit With New Suit Over Defective 737 MAX 8 Jets • Boeing shareholders are suing the company, claiming it put safety at risk in a reckless pursuit of profits that ended in the 2 fatal 737 Max crashes
(DBN)

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Student Debt:

A major retirement planner wants to help workers repay their student loans
(DBN)

Student loan borrowers with cancer are supposed to be able to pause their payments. They're hitting a wall
(DBN)

‘Lousy system’: U.S. official who resigned explains how the student debt crisis got so bad
(DBN)

Student-Debt Relief a Personal Issue for Many Lawmakers
(DBN)

To target ‘bad actors,’ CT demands data on student lenders from DeVos
(DBN)

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Personal Finance:

Here's how much money you need to make to be in the top 5% in New York
(DBN)

Saving just $5 a day could make you rich one day — Here's how
(DBN)

9 tax deductions you can no longer claim
(DBN)

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Newspapers:

Bankruptcy judge approves loan to keep Reading Eagle open
(DBN)

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Maritime:

Nordic American Offshore Reaches Deal With Creditors
(DBN)

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Education:

State support for public colleges has not recovered since the Great Recession
(DBN)

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Auto Racing:

Racing school auction depends on what's in a name
(DBN)

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Aerospace:

NORDAM Emerges From Chapter 11 Bankruptcy
(DBN)

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Economy:

Job openings fall more than half a million to 7.1 million — lowest level in nearly a year • BLS: Job Openings Decreased to 7.1 Million in February
(DBN)

Philly Fed: State Coincident Indexes increased in 42 states in February
(DBN)

Fed's Clarida: Current jobless rate could be above 'full employment'
(DBN)

Economist Larry Lindsey defends Trump’s likely Fed nominees • Trump's fed nominee doesn't understand basic policy • GOP to Trump: Don't Put Cain on Fed • Why Trump Wants to Manipulate the Fed
(DBN)

Small Business Optimism Index increased slightly in March
(DBN)

Latest Fed GDPNow forecast: 2.3 percent
(DBN)

Visualizing the Pink Tax - The Cost of Being a Woman
(DBN)

Is an Earnings Recession Really Coming?
(DBN)

IMF slashes global growth expectations for 3rd time in 6 months • The IMF slashes its global growth outlook to the lowest since the financial crisis • IMF cuts US growth forecast, warns of growing risks • IMF cuts 2019 growth outlook again, says risks are 'skewed to the downside' • IMF forecast: Global growth will weaken this year to 3.3%
(DBN)

Top IMF Economist Says No Free Lunch From Modern Monetary Theory
(DBN)

SEC Chief Raises Concerns About Risky Lending
(DBN)

Severe Global Downturn Would Need Coordinated Stimulus-IMF Economist • IMF cuts global growth outlook; warns sharp slowdown may require coordinated stimulus
(DBN)

IMF: Trade is dragging down global economic growth
(DBN)

The global economy's "delicate moment"
(DBN)

Rising wages are good for consumers, but not investors
(DBN)

Donald Trump's Trade Wars Are Hurting the World Economy, IMF Warns • IMF cuts global growth forecast as trade tensions take toll • The US could be locked in a ‘Forever Trade War’ that no one sees coming • In a broadside against Airbus, US pursues aircraft tariffs • Trump administration threatens EU with tariffs over Airbus subsidies • Treasurys rally after Trump tariff threat against EU spurs haven inflows • Tariffs Hitting Appliance Customers • Trump wants to put $11 billion of tariffs on EU goods, but doing so would not be a 'new front in the trade war'
(DBN)

Trump promised a new trade policy. But his new NAFTA might be worse than the old one.
(DBN)

China investment, markets recovery should boost global economy later in the year, IMF says
(DBN)

Millennials are delusional about the future, but they aren't the only ones
(DBN)

Gen Z workers expect a promotion after one year on the job, and their bosses are creating new titles and throwing 'workversary' parties to keep them happy
(DBN)

More than a third of millennials earning at least $100,000 a year consider themselves middle class
(DBN)

Bank of America is hiking its minimum wage to $20 an hour — nearly three times the federal minimum
(DBN)

Minimum wage hikes trigger 'payroll tsunami,' as small businesses cut back
(DBN)

America is not "full" — in fact, the economy could use more immigrants
(DBN)

Workers in the US city with the highest salaries earn an average $77,180 a year—here are the other 9
(DBN)

The best (and worst) states in America for young people
(DBN)

The Social Costs of Dividends and Share Repurchases
(DBN)

Crony capitalism? Big business is actually losing influence over government
(DBN)

Disruption, friction, and change: The hallmarks of a true transformation
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

In some cities, the cost of selling a home can hit $76,000
(DBN)

MBA: Mortgage Purchase Applications up 13% YoY
(DBN)

The tax law is hitting 11 million homeowners
(DBN)

Six Sigma's Chelsea Condo Faces Bankruptcy Again
(DBN)

Seattle Real Estate in March: Sales down 7.8% YoY, Inventory up 136% YoY from Low Levels
(DBN)

Bankruptcy court has bad news for people owed money by Parade of Homes builder
(DBN)

These risk-taking mortgage lenders could trigger the next housing crisis
(DBN)

Housing's hidden crisis: Rural Americans struggle to pay rent
(DBN)

More Americans are moving to these affordable inland markets
(DBN)

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Municipalities:

In Puerto Rico, Building a Disaster-Proof Business Is Part of Recovery
(DBN)

Recent Ruling Against Puerto Rico Revenue Bondholders Causes Waves in U.S.
(DBN)

After Pollution Crisis, Puerto Rico To Eliminate All Coal Power Next Year
(DBN)

Cities and Pension Funds Are Suing Big Banks (Again)
(DBN)

After latest police shooting, residents in formerly bankrupt California city declare police force 'rotten'
(DBN)

These are the best places to live in America
(DBN)

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Oil/Gas:

Prices of renewable energy sources plummeted between 2009 and 2017
(DBN)

Oil and gas ‘could lose 95% of its value’ by 2050, top investment consultant warns
(DBN)

IEA's reports spark a metaphysical debate over the energy future
(DBN)

Southcross Energy Provides Update on Court-Supervised Restructuring Process
(DBN)

Trouble in OPEC as Oil Prices are Up 50% • Oil Expected to Average $76+ For the Rest of 2019
(DBN)

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Electricity:

PG&E's bankruptcy case could cost regulators $28 million
(DBN)

PG&E Chapter 11 moves ahead – despite criticism over bonuses and board
(DBN)

U.S. judge defers ruling on PG&E $350 million bonus plan • ‘It doesn’t quite feel right yet’: Judge delays ruling on PG&E’s bonus plan
(DBN)

PG&E now faces criminal probe in Camp Fire, victims’ lawyer says • State Grand Jury Issues Subpoenas in Camp Fire Probe
(DBN)

PG&E Stock’s Next Risk? More Wildfires, Analyst Says
(DBN)

PG&E, DTE cited for failing to protect against cyber attacks
(DBN)

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Bankruptcy Crimes:

Benicia man gets 6 months in federal prison in bankruptcy fraud case
(DBN)

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Climate:

New 'Bomb Cyclone' To Send Temperatures Plummeting By 60 Degrees, Bringing Blizzards With It
(DBN)

Climate change is shrinking glaciers faster than previously thought
(DBN)

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Mass Torts:

Third Circuit Reinstates 30-Year-Old Asbestos Claims Against Shipowners
(DBN)

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Media:

Johnson Publishing Company Files For Chapter 7 Bankruptcy Protection • Former Ebony and Jet magazines publisher files for bankruptcy • Johnson Publishing once chronicled black life in Ebony and Jet. It sold the magazines in 2016 and now it's going out of business.
(DBN)

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Football:

Vikings sign pass rusher Schult from defunct AAF
(DBN)

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Celebs:

The Deadbeat Billionaire: The Inside Story Of How West Virginia Gov. Jim Justice Ducks Taxes And Slow-Pays His Bills
(DBN)

Dykstra sues Darling over book claiming racist tirade
(DBN)

How MC Hammer Blew Through $70 Million In Under Five Years
(DBN)

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Religion:

Archdiocese won't sell churches, schools despite complaint
(DBN)

Official: Investigators Believe Fires at 3 Black Churches in Louisiana Were Intentionally Set
(DBN)

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Autos:

Tesla Loses More Executives
(DBN)

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New Bankruptcy Opinions
(1 new opinion today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (30 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (15 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:

Q1 bankruptcies soften year-over-year
(DBN)

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Bankruptcy Fees:

Busted Debtors Go to Court Over 700% Hike in UST Fee
(DBN)

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Cross-Border:

Clarity on Cross-Border Conundrum
(DBN)

Second Circuit Affirms Dismissal of Chapter 15 Appeal by Purported Shareholder on Standing Grounds
(DBN)

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Litigation:

What Makes a Great Expert Witness? Look for the Four C’s
(DBN)

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Claims:

SDNY Bankruptcy Court Finds Bar Date Applies to Pension Fund’s Withdrawal Liability Claim Before Withdrawal Occurs
(DBN)

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D&O:

D&O insurance and the "capacity" exclusion
(DBN)

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Avoidance Actions:

The Reach of Avoidance – Second Circuit Court of Appeals Holds in Madoff that Bankruptcy Code Can Be Used to Recover Subsequent Extraterritorial Transfers
(DBN)

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Mediation:

Practicing Attorneys (Not Sitting Judges) Serving as Mediators: An Innovation from the 1970s
(DBN)

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Politics:

The comment section on YouTube's official livestream of Congress' hearing on white nationalism and social media had to be turned off because it was too racist
(DBN)

Ex-FBI official says 2 Cabinet members were open to invoking 25th Amendment
(DBN)

Miller, Kushner on a potential collision course as Trump's border crisis builds • Trump digs in on false claim that he stopped Obama's family separation policy • Trump Was 'Livid' Nielsen Was Away During Border Crisis
(DBN)

And now for something different: Democrats call for balanced-budget amendment • Liberals threaten House Democrats' budget plans, clouding coming fiscal talks
(DBN)

Steve Mnuchin Ends Congressional Hearing By Having A Literal Tantrum
(DBN)

Trump's DHS Purge Floors Republicans
(DBN)

Trump is booting out anyone who tells him his immigration ideas are illegal. Experts are worried about what will happen next.
(DBN)

Oregon Senate backs switch from electoral college to popular vote
(DBN)

Most Americans agree Trump has made race relations worse
(DBN)

Bernie Sanders announces a timeline for releasing his tax returns after weeks of delays, admits that he’s now a millionaire
(DBN)

How Old Is Too Old to Be President?
(DBN)

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Food/Beverage:

Friendly's restaurants closes 23 more shops
(DBN)

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Healthcare:

Allegations Of Fraud, Stolen Records Swirl In Legal Fight Over Hillsboro, Kansas, Hospital
(DBN)

Employers, insurers pay for data from pregnancy tracking apps
(DBN)

New York declares public health emergency over measles 'crisis.' Mayor orders mandatory vaccinations • Orthodox Jewish yeshivas banned from sending unvaccinated students to school in New York • Measles is a public health emergency in the US — these 15 charts explain the vaccine problem
(DBN)

America's $103 billion home health-care system is in crisis as worker shortage worsens
(DBN)

The Incredibly High Administrative Costs of US Health Care
(DBN)

Doctors' salaries are on the rise
(DBN)

Barr offers unemotional defense of ACA repeal
(DBN)

Mulvaney: Trump Obamacare Replacement Plan Coming ‘Fairly Shortly’
(DBN)

Obamacare Gains Unlikely Allies in Conservative Lawyers
(DBN)

How your health care would change under "Medicare for All"
(DBN)

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Fraud:

Actress Lori Loughlin, 15 others indicted on new charges in college admissions cheating case • ‘This Is About Public Shaming’: Experts React to Second Money Laundering and Wire Fraud Charges Against Lori Loughlin • Lori Loughlin Hit with Money Laundering • Timeline: The major developments in the college admissions scandal • Here’s How Much Prison Time Felicity Huffman Could Face Now That She’s Pleaded Guilty • College Scandal Defense Teams Accuse Feds Of Judge-Shopping
(DBN)

Enron's Skilling settles 17-year-old suit over company collapse
(DBN)

Feds Take Down $1Bn Medicare Fraud Scheme
(DBN)

TX: Public Corruption Sting Leads To Arrest Of Two Lawyers
(DBN)

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Travel:

Doctor who was dragged, screaming, from United Airlines flight finally breaks silence
(DBN)

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UK:

IMF says no-deal Brexit risks two-year recession for UK • UK economy to lose 3.5 percent of GDP in no-deal Brexit - IMF
(DBN)

Should non-EU citizens be worried about a hard Brexit?
(DBN)

“Severe worsening” of UK business confidence
(DBN)

Lenders seize UK retailer Debenhams, wiping out Ashley • Debenhams falls into hands of lenders
(DBN)

What Queen Elizabeth's relationship was like with every US president, from Truman to Trump
(DBN)

Huge rise in tax cases
(DBN)

UK economy grows faster than expected ahead of Brexit
(DBN)

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PIIGS:

Italy slashes 2019 GDP forecast to 0.1% from 1%, reports say • Italy's Government Sees Economy Effectively Stagnating
(DBN)

Italy's scheme to bail out shareholders undercuts EU bank rules- lawmaker
(DBN)

Italian firm in dams scandal battles bankruptcy
(DBN)

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Venezuela:

Venezuela Unemployment Nears That of War-Ruined Bosnia, IMF Says
(DBN)

Fund sues Venezuela for $26 million in unpaid bonds, interest
(DBN)

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Montenegro:

Montenegro’s Atlas Banka declared insolvent
(DBN)

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India:

Bad debts may still be a headache for India’s state banks, asset manager says
(DBN)

IMF cuts India growth forecast for 2019-20 to 7.3 per cent
(DBN)

Jet Airways creditors wait for takeover bids as deadline looms
(DBN)

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MENA:

Israel's Netanyahu declares a "tremendous victory" in close election
(DBN)

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