April 24, 2019

The Daily Bankruptcy News

View prior editions: Click Here
View prior case summaries: Click Here
Search prior headlines: Click Here
Search prior case summaries: Click Here

Format For Mobile Device



Law:

Am Law 100 Reveals The Biglaw Firms We Expect To Make Money Have Made Money Five Key Takeaways From the 2019 Am Law 100 The Am Law 100 Reached New Heights, Driven by Nearly Universal Growth
(DBN)

Can Cravath and Wachtell's Lean Lockstep Approach Keep Them on Top?
(DBN)

Katten's Dallas Office Draws Prominent Bankruptcy Partner Charles Gibbs Among Trio of New Attorneys
(DBN)

The Biglaw Firm Leading The Way On Partner Compensation
(DBN)

Former Biglaw Attorney And Her Children Killed In Sri Lanka Attack
(DBN)

Bill Cosby Fights Quinn Emanuel Over Millions in Legal Fees
(DBN)

Law school group helps first-gen law students get ‘a leg up’
(DBN)

Choosing The Right Law School — The Decision 2019
(DBN)

A new bill in this state would allow attorneys to skip courthouse security
(DBN)

Be competent in AI before adopting, integrating it into your practice
(DBN)

What Impact Does Social Media Have On Your Organization?
(DBN)

Big Law's International Tilt Has Gone Too Far. A Restructuring Beckons.
(DBN)

DC Circuit Questions Broad Secrecy in Mystery Company's Mueller Fight Trump to Fight Congress Subpoena of McGahn 5 ways Congress can pick up where the Mueller report left off and investigate Trump Jared Kushner says Mueller's probe was 'more harmful' to the US than the Russians 'buying some Facebook ads' to try and influence the 2016 election The Mueller Report Makes Clear The President Committed Crimes And Failed His Oath Trump says he's against White House aides testifying before Congress White House misses deadline to turn over Trump taxes to Congress Release of Mueller Report Should End the Second-Guessing About Criminality What the Steele dossier said vs. what the Mueller report said Trump says there's 'no reason' for White House aides to publicly testify and plans to defy Democrats' subpoena Barr's Defense of Trump is Still Baffling
(DBN)

As Mueller Rips 'Disappearing Data,' Corporate Lawyers Prize It
(DBN)

Trump's "run out the clock" legal strategy
(DBN)

Barr Gets Waiver on Another Trump Case
(DBN)

Brothers Who Staged Smollett Attack Sue Actor’s Attorneys
(DBN)

Tim Cook said Apple's fight with the FBI in 2016 was a 'very rigged case,' and he wishes it went to court
(DBN)

Airline Cathay Pacific says its staff has been stealing 'hundreds of millions' of dollars worth of mini ice cream pots, wet wipes, and company-branded pens
(DBN)

US soldiers surrendered their pistol to Mexican troops in bizarre encounter on American soil
(DBN)

Military Funds Used for Border Wall
(DBN)

Acting DHS Head: Family Separations Aren't Worth It
(DBN)

Jared Kushner's "neutral" immigration plan
(DBN)

Some state National Guards refuse to enforce transgender military ban
(DBN)

Robert Kraft's Whackadoodle Girl Arrested
(DBN)

Chalking tires constitutes unreasonable search, 6th Circuit rules
(DBN)

Catholic foster care agency loses fight over refusing to place kids with same-sex couples
(DBN)

Biglaw Partner Fed Gruel, Prepares For White Walkers, To Understand Associate Life
(DBN)

US Threatens Veto of UN Resolution on Rape as a Weapon of War
(DBN)

Federal judge says he'll block Trump’s abortion measures
(DBN)

Can a Witness Wear a Veil on the Stand?
(DBN)

ACLU challenges attorney over sexual relationships, time out of practice
(DBN)

Houston high school's new dress code takes aim at parents
(DBN)

Courtroom testimony pulls college football into college basketball bribery scandal
(DBN)

African girl was forced to work as slave for 16 years in Texas
(DBN)

Florida Teen Girls Plotted Murder of 9 BFFs
(DBN)

______________

Judges:

Attorney and judge settle suit over alleged retaliation involving recording
(DBN)

SCOTUS Justice Talks Court-Packing, Term Limits, Retirement
(DBN)

______________

Wall Street:

Dow futures edge lower as investors await Facebook, Microsoft earnings
(DBN)

Stocks close at all time high; oil at 6 month high Stocks reclaim record highs, but investor enthusiasm is lacking
(DBN)

______________

Layoffs:

Schumer Plans To Plug Loophole After Restaurant Leaves Workers ‘High and Dry’
(DBN)

______________

Television:

Jennifer Lopez-Backed Fuse Files for Bankruptcy Amid Losses
(DBN)

____________

Mass Torts:

Court Adopts New Procedures and Standards for Appointing Future Claimants' Representatives in Asbestos Bankruptcies
(DBN)

Looming Abuse Cases Pose Threat to Boy Scouts Allegations emerge that over 12,000 Boy Scouts were abused Boy Scouts of America eye bankruptcy amid flood of new abuse claims Attorney claims Boy Scouts of America has files that detail decades of abuse allegations
(DBN)

15 months on from Larry Nassar, USA Gymnastics struggles to find its way
(DBN)

____________

Telecoms:

Windstream Rival Goes After Partners ‘Negatively’ Impacted by Bankruptcy
(DBN)

____________

Hedge Funds:

Lawyer for Platinum founder says investors knew and accepted risks
(DBN)

____________

Fraud:

Lawyers For Theranos’s Elizabeth Holmes Get Delay In Trial Date
(DBN)

Virginia fined this company $1M. Now its creditors want to push it into bankruptcy.
(DBN)

USC Coach Pleads Guilty to Loughlin Fraud
(DBN)

____________

Maritime:

Hanjin ‘white knight’ should be wealthy – DTI
(DBN)

____________

Autos:

Crisis-hit Nissan issues fresh profit warning Nissan slashes profit amid Ghosn scandal, lagging sales
(DBN)

Why the Japanese don’t buy American cars
(DBN)

The Tesla Circus Elon Musk says Tesla will develop an 'electric leaf blower'
(DBN)

____________


Economy:

Earlier Richmond Fed: "Fifth District Manufacturing Activity Moderated in April"
(DBN)

The Fed’s key interest rate keeps climbing higher, and that could become a problem
(DBN)

We Don’t Have Herman Cain To Kick Around Anymore Cain: Harassment claims no part of decision to withdraw from Fed consideration
(DBN)

The Wit and Lack of Wisdom of Stephen Moore
(DBN)

The GOP tax cuts could help Trump get reelected in 2020, even though most Americans hate them
(DBN)

Jobs of the future slow with economic cooling
(DBN)

Millennials Delusional About Their Wealth
(DBN)

Harley-Davidson's profit plunges as Trump's tariffs bite Does Trump Know How That Tariff Happened? US to send trade delegation to China next week U.S. labor leader on USMCA: Mexico first must prove it’s killing ‘700,000 protectionist contracts’
(DBN)

Kevin Hassett Uses Medical Theory From 1780s To Attack Economic Theory From 1980s
(DBN)

Fixing Social Security
(DBN)

Wisconsin, You've Been Foxconn'd
(DBN)

Telecom, Retail Sectors Burdened Under Mounting Levels of Distressed Debt
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

New Home Sales increased to 692,000 Annual Rate in March A few Comments on March New Home Sales
(DBN)

Black Knight: National Mortgage Delinquency Rate Decreased in March
(DBN)

GE Mortgage Unit Opens Ch. 11 To Wrap Up Subprime Claims GE's WMC Mortgage unit, felled by financial crisis, files Chapter 11 bankruptcy New Delaware Chapter 11 Filing – WMC Mortgage, LLC
(DBN)

Victims of reverse mortgage scam want protection from Ditech bankruptcy
(DBN)

____________

Municipalities:

How Puerto Rico plans to only use renewable power by 2050
(DBN)

Municipalities Try to Reassure Investors on Climate Risks in Bond Offerings
(DBN)

Puerto Rico fiscal board appeals ruling on its unconstitutionality to Supreme Court
(DBN)

City officials say bankruptcy is not a concern for Callaway
(DBN)

____________

Oil/Gas:

E&P 2019 Roundup: Capex, Production And Some Valuation Easter Eggs
(DBN)

Trump's Iran sanctions are 'the ultimate high wire act for oil prices'
(DBN)

____________

Climate:

Greenland is approaching the threshold of an irreversible melt, and the consequences for coastal cities could be dire How Much Ice Has Greenland Lost? Key Greenland glacier growing again after shrinking for years, NASA study shows
(DBN)

Arctic Permafrost Melt: $70T in Impact
(DBN)

______________

Retailing:

Office Depot is closing 50 stores
(DBN)

Elizabeth Warren doubles down on Amazon for ‘crushing’ small businesses
(DBN)

Google Got Approval for Drone Deliveries
(DBN)

______________

Student Debt:

Senator Elizabeth Warren called for massive student debt relief. Here’s the average student loan debt in every state
(DBN)

Warren has wrong answer to America's student debt problem
(DBN)

About the Student Loan Forgiveness Price Tag...
(DBN)

Warren’s College-Loan Plan Is a Subsidy for the Comfortable Class
(DBN)

Stop Pretending You Don’t Know Why Millennials Are Mad About Student Debt
(DBN)

7 Millennials Share How Their Lives Would Change If Their Student Loans Were Forgiven
(DBN)

Student Loan Borrowing Is Different
(DBN)

______________

Electricity:

PG&E Gets Approval to Pay Employees $350 Million to Meet Safety Goals After Wildfires PG&E Wins Approval of $235M Employee Bonus Plan Judge approves $350 mln incentive program proposed by PG&E for 10,000 employees
(DBN)

PG&E thinks its equipment started wildfires. Now, the utility wants customers to absorb another rate hike Blamed for Wildfires, PG&E Seeks Higher Electricity Rates PG&E asks for higher ROE to fund wildfire safety upgrades
(DBN)

The Folly of Returning to Paradise, California
(DBN)

Ohio governor signals support for nuke bailout as FirstEnergy files new bankruptcy plan
(DBN)

____________

Personal Finance:

The money advice every millennial needs to hear
(DBN)

____________

Lehman:

No lessons learned from 2008 mortgage crisis
(DBN)

____________

Hotels:

Developers behind $50 million Rip Van Dam hotel in Saratoga stop auction with bankruptcy filing
(DBN)

____________

Aviation:

Boeing’s earnings report brings the 737 Max debacle into focus We're about to see just how hard Boeing got hit by the 2 deadly 737 Max crashes which left its most profitable plane grounded worldwide
(DBN)

____________

Celebs:

Jennifer Lopez's backing not enough to save Fuse from bankruptcy
(DBN)

____________

Pharma:

Synergy Pharmaceuticals Wins Ch. 11 Plan Approval
(DBN)

US files criminal charges against opioid distributor
(DBN)

Connecticut attorney general files new suit against Purdue Pharma
(DBN)

____________

Non-Profits:

Goodwill of Southern Nevada emerges from bankruptcy
(DBN)

____________

Robots:

Laundry-folding robot Laundroid folds under $20M worth of pressure Laundry-phobics' dreams crushed
(DBN)

____________

 


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 (16 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (10 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)

______________

Bankruptcy Reform:

The Small Business Reorganization Act Reintroduced: A Way Forward for Small Business Reorganization?
(DBN)

____________

Interest:

A Survival Guide for Winning Default Rate Interest in Courtroom Battles
(DBN)

____________

UCC:

Fifth Circuit Resolves Multi-State Perfection Puzzle
(DBN)

____________

UST:

U.S. Trustee Fees – one spreadsheet to rule them all…
(DBN)

UST Seeks Attorneys In TX, PA
(DBN)

____________

Food/Beverage:

Bankrupt Mexican food maker Papa Grande puts San Antonio plant up for sale
(DBN)

How did Weyerbacher Brewing get to this point?
(DBN)

____________

Mediation:

Mediating “One-Off Disputes” vs. “Relationship Disputes” — And the Significance of Settlor’s Remorse in Each
(DBN)

____________

Politics:

Tim Cook says that Apple donates $0 to political candidates and that he refuses to have a PAC because they 'shouldn't exist'
(DBN)

'I realized enough was enough': A law professor and former Trump transition staffer says Congress should impeach Trump
(DBN)

The Democrats Aren’t Really in Disarray Over What to Do About Mueller
(DBN)

Sanders faces heat for saying people should be able to vote from prison
(DBN)

What Republicans Really Want From Investigating the Russia Investigators
(DBN)

White House Orders Administration Officials to Skip Correspondents’ Dinner
(DBN)

House Facing Off Against Trump Administration in Census Row Argument analysis: Divided court seems ready to uphold citizenship question on 2020 census SCOTUS Census Case: What's at Stake?
(DBN)

Trump Unleashes on Media in Tweetstorm Trump: NYT Will Have to Get on Their Knees Trump is mad about the size of his crowd on Twitter Twitter CEO Jack Dorsey reportedly explained to Trump that the only reason his follower count went down is because so many of them were spam accounts and bots
(DBN)

A giant Trump baby blimp that the president says makes him 'feel unwelcome' is following him to London this summer — and could be 5 times as big
(DBN)

Why Terrorists Targeted Sri Lanka’s Christians Sri Lanka: Officials Deliberately Hid Intel
(DBN)

Iowa's longest-serving GOP lawmaker switches to Democrats because of Trump
(DBN)

FactCheck: "In the ‘old days’ if you were president and you had a good economy, you were basically immune from criticism."
(DBN)

______________

Religion:

Guam: Church creditors: Former Accion Hotel's $5.4M quick sale price is too low
(DBN)

____________

Entertainment:

Weinstein’s Companies, Directors, Officers Off the Hook for Misconduct Claims
(DBN)

____________

Agribusiness:

Bankruptcy an unacceptable option for farmers
(DBN)

Farm Managers’ Thoughts on Farm Debt and Profits
(DBN)

____________

Newspapers:

Warren Buffett sees most newspapers as 'toast' after ad decline
(DBN)

What the Decline of Newspapers Means for Government
(DBN)

____________

UK:

Debenhams could shut down 20 stores in early 2020
(DBN)

Luke Johnson joins Patisserie Valerie creditor committee
(DBN)

Paragon Interiors owed £13.5m to creditors, say administrators
(DBN)

13 Scots a day declared bankrupt as Brexit and welfare cuts bite
(DBN)

____________

Canada:

CRA writes off $133-million tax bill from mystery account
(DBN)

ServiCom granted bankruptcy relief, Cape Bretoner’s still looking for back pay, entitlements
(DBN)

____________

India:

Save Indian capitalism from Indian capitalists
(DBN)

Undermining the bankruptcy law
(DBN)

With IBC about to be 3, a look at the hits & misses and the road ahead
(DBN)

Jet Airways' potential investors in a fix over bidding for grounded carrier
(DBN)

____________

MENA:

Saudis Behead 37 on Terrorism Charges
(DBN)

____________

Turkey:

Hundreds of Turkish companies emerged from protection -Albayrak
(DBN)

____________

South Korea:

Investors, experts alike skeptical of speedy Asiana Airlines M&A deal
(DBN)

____________

Mexico:

Public servants' health service is bankrupt, director warns
(DBN)

____________


The Daily Bankruptcy News is primarily a curated news link gathering service.   Most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subscription fee is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use. If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the most recent edition of The Daily Bankruptcy News on the web at BKInformation.com.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid service subscription. These links are currently marked with a "DBN" notation. The cost of a subscription is $66.50/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links.

New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase.

Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested. There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear. You do not need to type anything in the body of the email message. Note that the email asking for removal must be sent from the same email address which is on our distribution list. If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

If receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list.

Press Releases/News Tips
Please send press releases and news tips to admin@bkinformation.com

Contact Us
The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C. You can phone or text us at 281-402-3957. You can email us at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries). Our mailing address is 935 Eldridge Road, No. 350, Sugar Land, Texas 77478.

Copyright 2019