April 26, 2019

The Daily Bankruptcy News

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Law:

This Biglaw Firm’s Big Increase In Revenue
(DBN)

Paul, Weiss accused of 'silencing' associate over her harassment claims
(DBN)

New law school survey tracks inclusion of LGBTQ+ individuals
(DBN)

Cooley Law’s new dean says he’s ‘here to fix’ school’s reputation
(DBN)

The Law Schools With The Worst ‘Ultimate’ Bar Pass Rates (2016-2018)
(DBN)

Attorney sues French luxury brands company for harassment and retaliation
(DBN)

Michigan Could Be Next To Adopt Duty Of Technology Competence
(DBN)

Know When To Settle… And Fast
(DBN)

Big Names on Wall Street Hew to Tradition - To a Point
(DBN)

Are we so inclined to believe the market is stratifying that we tune out the countervailing data?
(DBN)

Crash Course: How a Small Group of Firms Pivoted and Profited After the Recession
(DBN)

Weil To Invest $1M Per Year in Pre-Law Students’ Nonprofit Work
(DBN)

Creditors' Rights Law Firm Moves to the Cloud and New Downtown Location
(DBN)

Mueller report sparked an increase in Russian misinformation Andrew Napolitano: Barr was "wrong" to absolve Trump of obstruction 3 things about Congress buried in the Mueller report 'He needs to let it go': Trump's allies urge him to shut up about Mueller Trump disputes finding that he directed McGahn to seek Mueller's ouster High-Profile Conservative Lawyers Call Trump’s Behavior Into Question, Ask Congress To Investigate Rosenstein fires back at critics over Mueller report Pressure on Sessions caught eye of Mueller What Alexander Hamilton would say about the Mueller report Trump: Probe Was Attempted Overthrown Napolitano: Trump Obstructed Justice
(DBN)

Attorney General Barr to testify before Congress on May 1 and 2
(DBN)

Parkland shooter, facing the death penalty, is about to inherit roughly a half-million dollars Public defenders ask to step down from Parkland shooting case The Parkland School Shooter Will Be Wealthier Than His Defense Team. Now What?
(DBN)

Trump Just Waived Hope of Executive Privilege: Experts
(DBN)

Trump Says He Had a 'Hunch' Obama Wire Tapped Him
(DBN)

Suspect Who Intentionally Rammed Pedestrians With His Car Was On The Way To Bible Study Group
(DBN)

The tacit alliance of militia members and Border Patrol agents is getting out of control ABA president urges Barr to reconsider detention of some asylum-seekers Life is hard on both sides of the border ICE can’t target immigration activist for policy criticisms, 2nd Circuit rules
(DBN)

Judge Rules Against Tx. on Israel Boycott Law
(DBN)

Federal agents search Baltimore Mayor Catherine Pugh’s home
(DBN)

Prison and jail populations decline again, Justice Dept. report shows
(DBN)

Can true-crime documentaries do more harm than good?
(DBN)

Florida corrections department lawyer resigns after Facebook rant
(DBN)

Trump abortion 'gag' rule blocked by federal judge Trump administration’s plan to slash Planned Parenthood funding just got halted by a federal judge
(DBN)

NSA Defended Domestic Surveillance. No More
(DBN)

Sri Lanka Muslims Attacked, Forced From Homes
(DBN)

‘If You Want to Kill Someone, We Are the Right Guys’
(DBN)

Former Cantor Fitzgerald Broker Now Free To Tell Jurors About That One Time A Co-Worker . ..
(DBN)

Law School Student Goes From Frontrunner To Voted Off Survivor
(DBN)

Lawyer who told date he '***' for being fat arrested at work
(DBN)

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Judges:

BK MD FL: Court Connection Newsletter
(DBN)

Massachusetts judge charged for helping undocumented immigrant elude ICE Judge faces obstruction of justice charges; ICE says she helped immigrant evade courthouse arrest
(DBN)

Joe Biden spoke with Anita Hill, accuser of Supreme Court Justice Thomas, aide says Anita Hill says she's not satisfied with Biden's private apology
(DBN)

Supreme Court Adopts Rule Changes Aimed at Modernization
(DBN)

Trump: Inspector General’s FISA Report Is ‘Blockbuster’ FBI Obtained FISA Warrant to Monitor Ex-Trump Adviser
(DBN)

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Wall Street:

Dow futures slightly lower as investors await GDP data
(DBN)

Stocks close mostly lower as weak industrials sector offsets tech rally
(DBN)

The feared ‘earnings recession’ is not showing up in the first-quarter numbers
(DBN)

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Layoffs:

Racine bus company files layoff notice for 211
(DBN)

3M to cut 2,000 jobs
(DBN)

Aerojet cutting 180
(DBN)

MGM Resorts announces 200 layoffs
(DBN)

Nicklaus Children’s laid off 135
(DBN)

Houston City Council approves plan to lay off 220 firefighters
(DBN)

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Retailing:

Pier 1 Imports may be headed toward bankruptcy, S&P warns Is Pier 1 Headed Towards Bankruptcy? S&P Thinks So Pier 1 downgraded on debt, poor prospects
(DBN)

Sears is closing its store of the future just 6 months after it opened, and it's an ominous sign for the company's recovery
(DBN)

Shopko Creditors Say Retailer Should Liquidate
(DBN)

Bebe Stores Names New Board Member With Experience In Restructuring
(DBN)

Dying malls resurrected in multifamily markets
(DBN)

Hasbro Shows It Can Play Nicely In A Post-Toys 'R' Us World
(DBN)

Mattel Rises as Losses Narrow and Revenue Beats Estimates
(DBN)

Amazon handily beats Wall Street's earnings expectations Amazon pulls in a record $3.6 billion profit, even as sales growth slows
(DBN)

Amazon wants to replace free two-day shipping with free one-day shipping
(DBN)

How Amazon Tracks and Fires Workers
(DBN)

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Mass Torts:

Victims of abuse in the Boy Scouts were encouraged to come forward. Hundreds responded Abuse By Boy Scout Leaders More Widespread Than Earlier Thought Boy Scouts Defends Record of Protecting Children Amid Legal Challenges Boy Scouts denies shielding abusers
(DBN)

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Healthcare:

Oncology Co. Says Ch. 11 Plan Defeats Noncompete Suit
(DBN)

New management requires unpaid former employees to return for back pay at Osage Co. hospital
(DBN)

UNICEF blames anti-vaxxers for the 300% spike in global measles outbreaks ‘This is alarming’: Measles cases in U.S. hit highest level in 25 years Two LA universities quarantine more than 300 students and staff in measles outbreak
(DBN)

Americans’ stress levels just hit a record high — and this group is suffering the most
(DBN)

TridentUSA Ch. 11 Plan Faces Early, Multipronged Opposition
(DBN)

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Fraud:

Accused college bribery parent stripped of millions of dollars
(DBN)

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Football:

Ex - NFL Player’s Future Concussion Settlement Payments are Protected from Creditors in Bankruptcy
(DBN)

Radio station owner sues Atlanta Legends, AAF after league fails
(DBN)

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Education:

The Most Important Trump Proposal You Missed So Far This Year
(DBN)

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Distressed Investing:

Fed Shift Shakes Up World of Speculative Debt
(DBN)

The Leveraged Loan-Junk Bond Quandary Is Just a Rates Trade
(DBN)

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Hotels:

Rip Van Dam foreclosure postponed
(DBN)

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Maritime:

Court postpones bankruptcy ruling for Croatia’s troubled shipyard
(DBN)

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Banking:

8th Circuit Upholds FDIC’s Broad Discretionary Powers to Dispose of Failed Bank’s Assets and Defendant’s Guaranty to Pay Debts of Company
(DBN)

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Economy:

US weekly jobless claims post biggest rise in 19 months Weekly Initial Unemployment Claims Increased to 230,000
(DBN)

April job gains could be way better than expected if the BofAML forecast is right
(DBN)

Merrill April Employment Report Forecast: 250K, 3.7%
(DBN)

Kansas City Fed: "Tenth District Manufacturing Activity Grew More Modestly"
(DBN)

Americans Don't Want the Jobs I Have to Offer. Immigrants Do
(DBN)

Middle-Market Optimism on the Decline, Survey Finds
(DBN)

Congress investigates Stephen Miller's role in Homeland Security Department firings
(DBN)

Texas exports, boosted by oil, rise 3 times faster than the US increase, outshining California
(DBN)

The IRS stats are in: Here’s how tax refunds look compared to last year
(DBN)

Left at the altar, trade partners moving on 6 Takeaways From Xi's Belt and Road Forum Speech Mexico's Campaign to Save NAFTA 2.0
(DBN)

Trump administration pushes for quick action to raise debt limit
(DBN)

How to Survive a Recession and Thrive Afterward
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Q1 2019 Homeownership and Vacancy Rates U.S. Homeowner Vacancy Rate: It’s back to the 90s
(DBN)

U.S. Homeownership Rate Since 1965
(DBN)

Mortgage rates climb for fourth straight week as easy money crackdown begins
(DBN)

Average home seller saw a 31% return on their investment
(DBN)

This is where Millennials want to live
(DBN)

Palm Beach developer Robert Matthews pleads guilty in Palm House case
(DBN)

Morgan Stanley to pay $150 million for pushing toxic mortgage bonds on California's teachers and public employees
(DBN)

Interest-Only Issuance Has Skyrocketed, but Is It Time to Worry Yet?
(DBN)

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Municipalities:

Puerto Rico power utility chief assures restructuring agreement will be reached soon
(DBN)

Big Oil Traders Accused of Cheating Puerto Rico’s Power Utility
(DBN)

Puerto Rico board out of time to file claims against bondholders
(DBN)

IEEFA Puerto Rico: PREPA bond deal is not a solution
(DBN)

Residents rally on 5-year anniversary of Flint water crisis Flint's Water Crisis Started 5 Years Ago. It's Not Over Is water in Flint safe to drink? 15 Michigan state and local officials facing charges in Flint Water Crisis.
(DBN)

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Oil/Gas:

Trump administration hits pause on offshore oil plans after court ruling
(DBN)

T’dad Petroleum bondholders wary of exchange offer
(DBN)

Junk-rated energy debt rises on crude revival
(DBN)

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Magazines:

George Lucas and Mellody Hobson want Ebony photo archives, 'an essential part of American history'
(DBN)

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Radio:

iHeartMedia First Quarter Revenue Rises As Emergence From Bankruptcy Nears
(DBN)

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Crypto:

Bitcoin mining server farm BCause seeks bankruptcy protection
(DBN)

The Mt Gox trustee delays rehabilitation plan by six months, why?
(DBN)

Officials Claim $850 Million in Bitcoin Fraud
(DBN)

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Electricity:

California lawmakers want more involvement in PG&E's bankruptcy, introduce new bill
(DBN)

Lawmakers involved in PG&E bankruptcy to make it difficult to raise customer rates
(DBN)

California regulators approve $373M PG&E rate hike
(DBN)

L.A. County sues Edison over devastating Woolsey fire, citing $100 million in losses
(DBN)

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Politics:

Trump's Chief of Staff Says He's Having a Ball
(DBN)

Meet the Other Resistance: The Republican One
(DBN)

Trump is Back Trashing John McCain
(DBN)

FactCheck: Does Warren's wealth tax cover her child care/college plans?
(DBN)

Biden launches 2020 presidential bid, says 'we are in a battle for the soul of this nation' 8-point lead over Trump Joe Biden Begins 2020 With a Glass Half Full Unlike His Rivals, Biden Sees Trump as an Aberration Warren and Sanders pounce as Biden enters the race In 2020, Biden experience could turn out to be baggage Biden hires Bernie Sanders' 2016 press secretary to advise campaign Biden’s focus on Trump, oddly, stands out Biden Foundation suspends operations, effective immediately Biden leads Trump in poll as he enters race, prepares for fundraiser Trump mocks 'Sleepy Joe' after Biden jumps into 2020 race Christie: Biden could give Trump a run for his money Chris Christie Still Running Around, Ringing the Alarm Bell About Biden Seven big decisions facing Biden in 2020 primary Biden: I Asked Obama Not to Endorse Me Andrew Cuomo plans to open his formidable fundraising network to Joe Biden Biden makes an early play for Pennsylvania, a crucial swing state in the race to beat Trump in 2020 One horrifying day in Virginia led to Biden’s big ‘yes’ Biden faces high expectations and risks entering 2020 campaign Just Say No to Biden The group that powered Alexandria Ocasio-Cortez's campaign is kicking off a war against Joe Biden’s 2020 primary bid When Obama Talked Biden Out of Running for President
(DBN)

'Front-runner' doesn't really fit for this stage of 2020 election
(DBN)

20 Democrats are running for president in 2020. Here are their biggest priorities
(DBN)

Senator Warren’s Proposed Executive Liability Legislation is Contrary to Legal Traditions
(DBN)

Kamala FactCheck: "The majority of women are minimum wage workers."
(DBN)

Kushner FactCheck: Russia’s interference in the 2016 election amounted to "a couple of Facebook ads."
(DBN)

Federal judges rule Michigan's voting maps illegally gerrymandered A Federal Court Makes an Aggressive Move Against Partisan Gerrymandering
(DBN)

FL: GOP Tries to Limit Voting Rights
(DBN)

One more North Korea humiliation for Trump Report: North Korea billed U.S. $2 million before returning Otto Warmbier Putin: Kim Jong Un needs international security guarantees to give up nuclear arsenal
(DBN)

Trump tells Hannity he's 'rooting for' Buttigieg
(DBN)

FactCheck: In VT, Prisoners Can Vote, Even If They Are Incarcerated In Other States
(DBN)

Russia Warns of Growing Threats of Wars Across the Globe
(DBN)

____________

Awards:

Chambers 2019 - Bankruptcy
(DBN)

ProPublica Wins Journalism Award For Stories On Epidemic Bankruptcies In Chicago From Parking Tickets
(DBN)

____________

Agribusiness:

Chapter 12 & Family Farmer Relief Act with Sen. Grassley, industry experts
(DBN)

The 411 On Chapter 12 Bankruptcy
(DBN)

Congress Aims for Farm Bankruptcy Update
(DBN)

Cattlemen affected by bankruptcy are in for long wait
(DBN)

____________

Aviation:

Despite Being Hit Hardest Of All By The Grounding Of Boeing 737 MAXs Southwest Reports Surprisingly Strong Profits
(DBN)

Allegheny County may get some money back from OneJet loan guarantee
(DBN)

Europe’s airline industry is consolidating
(DBN)

Credit Suisse named M&A adviser for Asiana Airlines deal
(DBN)

____________

Autos:

Tesla's Troubles Deepen Elon Musk keeps moving Tesla’s finish line Tesla misses first-quarter earnings estimates, but Wall Street focuses on hopes of profit Tesla says it won’t be profitable until Q3, and it only has itself to blame Tesla Profits Will Not Magically Return Tesla's New Car Insurance Will Spy on You
(DBN)

Renault to propose joint holding company with Nissan: Nikkei
(DBN)

____________

Food/Beverage:

Kona Grill shares delisted from the Nasdaq Kona Grill closes Waikiki restaurant, auctions equipment, furnishings
(DBN)

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New Bankruptcy Opinions
(6 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (19 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)

______________

Unsecured Attorneys Fees:

Fourth Circuit Allows Unsecured Claim for Post-Petition Legal Fees
(DBN)

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Discharge:

Argument analysis: SCOTUS justices close out 2018 term with a spirited discussion about sanctions for violating bankruptcy discharge
(DBN)

Creditor’s “Unreasonable” but “Good Faith” Belief as a Defense to an Alleged Discharge Violation
(DBN)

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Small Business:

Congress Needs to Help Family Businesses in Financial Stress — Not Punish Them!
(DBN)

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UST:

UST Seeks Trial Attorney In San Jose
(DBN)

UST Seeks Attorneys In NV, LA, UT, DC, TX, IL, GA, IN, , OH, WI, NY and PA
(DBN)

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Insurance:

Five Things to Know About the Wild West of Bankruptcy and Insurance
(DBN)

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UCC:

Freeze in Time that Saved Priority: Lapsed Financing Statement in Bankruptcy
(DBN)

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Cross-Border:

US bankruptcy court grants BTel debt restructuring recognition US Court Grants Recognition of Bakrie Telecom's Indonesian Debt Restructuring Scheme
(DBN)

Cross Border Restructuring In Hong Kong – First Recognition Of Japanese Winding-up
(DBN)

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Miscellaneous:

Rochelle
(DBN)

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Litigation:

Litigation Funding Usurious, 6th Cir. Affirms
(DBN)

A Cost Benefit Analysis of Litigation Finance
(DBN)

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Student Debt:

The government is more likely to use this ‘draconian’ student-debt collection tactic in black and Hispanic neighborhoods
(DBN)

Warren’s Student-Debt Deal Would Most Benefit Stronger Earners, Study Finds
(DBN)

The Six Biggest Questions About Elizabeth Warren's Plan To Cancel Student Debt
(DBN)

Warren’s College-Loan Plan Is a Decent Start
(DBN)

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SCOTUS:

In Last Arguments of Term, SCOTUS Hears Discharge Case
(DBN)

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Pensions:

Should taxpayer money be used to bail out key pension plans?
(DBN)

Suspended Arizona pension boss should lose that outrageous $43,000 pay raise
(DBN)

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Pharma:

Purdue's top doctor and researcher are leaving OxyContin maker
(DBN)

The opioid epidemic is no mistake. It is the result of complicity and greed.
(DBN)

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Coal:

Utility eyes early retirement for Wyoming coal-fired units
(DBN)

____________

Celebs:

Joe Giudice granted temporary deportation delay as family seeks Trump's help with Joe's bankruptcy crime conviction
(DBN)

____________

UK:

Brexit Gives Law Firms With Wide Reach Brand Boost, Survey Says
(DBN)

Brexit's Financial Turf War Enters A New Phase
(DBN)

Debenhams' new owners launch store closure strategy Debenhams reveals stores to close under CVA Debenhams' planned closures put about 1,200 jobs at risk
(DBN)

Collapsed airline owed almost £40m to creditors
(DBN)

Inside the UK’s debt crisis
(DBN)

Sainsbury’s Coupe is no longer ‘In the Money’ — that’s a problem
(DBN)

Personal and corporate Scottish insolvency rates climb
(DBN)

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PIIGS:

Lawmakers urge EU's Vestager to halt Italy scheme for bank shareholders bailout
(DBN)

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India:

NCLT gives earful to bankers over bankruptcy proceedings withdrawal
(DBN)

Behind bars: India's 'Diamond King' Nirav Modi's fall from grace UK court extends Nirav Modi's remand till May 24
(DBN)

CEOs of Axis Bank, Standard Chartered face contempt plea
(DBN)

Jet Airways slots protected by Indian government
(DBN)

Resolution plans under IBC have yielded 200 pc of liquidation value
(DBN)

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France:

Macron offers tax cut to French workers to quell anger
(DBN)

____________

Singapore:

High Court gives Hyflux one-month reprieve from creditors Hyflux gets only a month more on debt stay in absence of binding offer Hyflux seeks possible investment from Middle East
(DBN)

After Hyflux's fall, Singapore debt buyers are scrutinizing some borrower firms
(DBN)

Hyflux boss will now get just $1 a year
(DBN)

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Germany:

Germany's Schlecker bankruptcy children facing jail
(DBN)

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Russia:

Conspiracies swirl as US sanctions hit Deripaska’s car factory
(DBN)

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Philippines:

Philippines says won't bar Chinese proposals for shipyard takeover
(DBN)

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Japan:

Bankrupt Japan Life raided over fraudulent rental business
(DBN)

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Argentina:

Argentine Debt Market Pummeled as Election Stokes Default Fears
(DBN)

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