April 30, 2019

The Daily Bankruptcy News

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Law:

Law Class of 2018 Notches Highest Legal Employment Rate in a Decade • Jobs for Class of ’18 overall see ‘modest increase’ but with fewer graduates than last year
(DBN)

Female GC Had To Serve Men Cake, $20M Sex Bias Suit Says • Fired EXL Service General Counsel Seeks $20M for Gender Bias • Ex-General Counsel Sues ExlService Holdings for Gender Discrimination, Retaliation
(DBN)

Fired BigLaw paralegal must pay $35K sanction in dropped suit against law firm, 7th Circuit says
(DBN)

Goodwin Expands Financial Restructuring Practice with Partner Nathan A. Schultz in San Francisco
(DBN)

Associate Bonus Watch: Summer Bonuses Are Officially Here!
(DBN)

The Biglaw Firm At The Bottom Of The Revenue Pile
(DBN)

The Connection Between Bar Pass Rates And Employment Rates For Recent Law School Graduates
(DBN)

Biglaw Partner Faces Accusations Of Misconduct
(DBN)

Texas AG Sides With Lawyers Who Claim Texas Bar Violates First Amendment
(DBN)

Big Law Pay Equity Gets Closer Scrutiny by Small Labor Agency
(DBN)

After a Year, Leaders of Merged Texas Firms Reflect on Combinations
(DBN)

General Counsel Request More Funding for Legal Services Corp.
(DBN)

The Path to Partnership Offers Great Rewards at Great Costs
(DBN)

Choosing When, Why, and How to Hire an Outside Attorney
(DBN)

Michael Cohen’s Last Days of Freedom • The Mueller report's account of Michael Flynn's lies • Cohen: He Slept with Stormy & I Get Prison? • Five Things I Learned From the Mueller Report • Mueller’s report is not the end of the story. It is a road map to guide Congress’s next steps • Trump's lack of cooperation with Congress sparks impeachment push in House • FactCheck: The Russia investigation "was a coup. This was an attempted overthrow of the United States government" • After Mueller report: What ever happened to the 'Steele dossier'?
(DBN)

Michael Avenatti Pleads Not Guilty to Dozens of Charges That He Was Better at Stealing Than Lawyering
(DBN)

Deputy Attorney General Rod Rosenstein resigns • Rosenstein Leaving May 11 After Stormy Term Overseeing Mueller
(DBN)

Trump sues banks to block House subpoenas for records • Trump Sues to Stop Deutsche Bank From Disclosing Accounts • Trump sues Deutsche Bank to stop release of financial records • Deutsche Bank Handing Over Trump Docs
(DBN)

House Democrats prepare to escalate standoff with Bill Barr • Justice Department, House Democrats still at impasse over Barr testimony • House Judiciary Chairman Nadler says Attorney General Barr must testify Thursday
(DBN)

Statute of Limitations, DOJ May Prevent Trump Ever Being Charged
(DBN)

Napolitano Fires Back at Trump
(DBN)

The Poway synagogue shooter left another manifesto — here's why you should ignore it • Parents say synagogue suspect is part of 'history of evil' • Suspect in synagogue attack stuns family with radical turn • Can we feel safe when we worship?
(DBN)

White nationalists target bookstores and a library in protests nationwide
(DBN)

Virginia school systems unite behind transgender student in landmark case
(DBN)

Kansas Supreme Court rules state constitution guarantees abortion rights, even if Roe is overturned
(DBN)

AP Fact Check: Trump's Rhetoric On Immigrants • Trump orders overhaul of asylum system, would force immigrants to pay fees for humanitarian refuge
(DBN)

Trump blames NRA's woes on New York's governor and attorney general
(DBN)

How Much Is Your Life Worth to a Court?
(DBN)

Kim Kardashian Is The World’s Most Obnoxious 1L According To Sister
(DBN)

Saudi Fugitives Accused of Serious Crimes Get Help to Flee While U.S. Officials Look the Other Way
(DBN)

8-year-old pulls sister from a moving car to prevent kidnapping
(DBN)

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Judges:

Kavanaugh Ethics Complaints Face New Appeals After 10th Circuit Rejection • New Challenge Filed Appealing Dismissal of Kavanaugh Complaint
(DBN)

Judge blocks Trump administration abortion rule, calling it "madness"
(DBN)

Damon Keith, trailblazing black jurist who upheld civil rights, dies at 96
(DBN)

City attorney and public defender call for judge to step down after accusations of partiality
(DBN)

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Wall Street:

Stock futures mixed after another round of records
(DBN)

Stocks post minor gains as S&P 500, Nasdaq log back-to-back record finishes
(DBN)

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Layoffs:

Layoff Watch ’19: The Entire Chase Social Media Should Just Start Packing Up Their Desks Now
(DBN)

100 jobs lost with closure of Tate's Auto
(DBN)

MGM Resorts to slash 1,000 jobs
(DBN)

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Aviation:

Airlines say the grounding of the 737 Max will cost them hundreds of millions of dollars, and they're ready to pursue Boeing for the money
(DBN)

Boeing has a puzzling explanation for why a “standalone” warning signal didn’t work
(DBN)

U.S. Airlines Continue To Rank Among The Worst When It Comes to Satisfying Consumers
(DBN)

Boeing faces shareholders amid renewed concern about 737 Max jets
(DBN)

Colombia's Avianca says bankruptcy of Avianca Brasil causing 'reputational harm'
(DBN)

Jet Airways Shows The Way To The Future • Jet Airways' Failure May Be A Harbinger For Incumbent Airlines Elsewhere • Jet Airways declared Bankrupt
(DBN)

How Jamal Khashoggi's murder just made the income of Boeing competitor Airbus plummet, more than 6 months on
(DBN)

Lufthansa first-quarter net loss widens as fuel costs weigh
(DBN)

____________

Trucking:

Amazon now wants to disrupt the shipping industry. Its new trial trucking platform is undercutting prices by up to a third
(DBN)

____________

Travel:

Major US airlines hit with systemwide ticketing outages
(DBN)

Airlines eye crueler ways of making passengers miserable
(DBN)

____________

Personal Finance:

Not enough teachers know the basics of financial education
(DBN)

Can American men ever be happy if their wives earn more than they do?
(DBN)

Workers Love AirPods Because Employers Stole Their Walls
(DBN)

Military financial literacy improving, but it needs to start sooner
(DBN)

____________

Festivals:

Investor pulls out of Woodstock 50, leaving fest in shambles
(DBN)

____________

Football:

Canes' Dundon not expected to be liable for football league's debt
(DBN)

____________

Crypto:

Creditor Takes Crypto Startup London Block Exchange to Court
(DBN)

Want to Understand Bitfinex? Understand Mt. Gox • Bitfinex: Cryptocurrency's MF Global
(DBN)

Crypto's next victims might be Tether traders
(DBN)

____________

Newspapers:

Warren Buffett: Newspapers are Toast
(DBN)

____________

Maritime:

Chinese shipbuilder visits Croatia for talks on ailing dock
(DBN)

____________

Autos:

Record Auto Loan Defaults
(DBN)

Tesla Fleet Company Struggles Raise Questions About Robotaxi Plans • Since Selling Cars Is Not Working Out, Tesla Plans To Just Ask People For Money
(DBN)

____________

Advertising:

Bankrupt Sizmek OK'd To Quickly Sell Ad Platforms For $33M
(DBN)

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Museums:

McMinnville waterpark and museum buildings officially on the market
(DBN)

____________

Fraud:

San Diego-Based Investment Adviser Charged with Running a Ponzi Scheme
(DBN)

____________

Celebs:

Tamar Braxton Sister Towanda Owes Her $35k ... Bankruptcy Messes with Family
(DBN)

Leonardo DiCaprio's Ex Erin Heatherton Files for Bankruptcy, Says She Made Less Than $3,000 This Year
(DBN)

____________


Economy:

The Fed's favorite inflation gauge just rose at the slowest pace in more than a year • R.I.P. Inflation: The data point the Fed watches for inflation just said there isn’t any
(DBN)

Powell faces tough test Wednesday as market is uneasy with his recent communication
(DBN)

Moore's possible Fed nod under pressure as GOP senator calls past comments 'ridiculous'
(DBN)

Personal Income increased 0.1% in March, Spending increased 0.9% • U.S. consumer spending roars back, but inflation tame
(DBN)

People are Losing Faith in Capitalism
(DBN)

Bad credit card debt is on the rise
(DBN)

Five ways this economic expansion could come to an abrupt end
(DBN)

By many measures the economy is doing well. But Americans know something is wrong
(DBN)

This Record Economy is Making Us Miserable
(DBN)

US Workers Barely Benefited from Tax Cuts
(DBN)

The Fed is looking at a new program that could be another version of ‘quantitative easing’
(DBN)

Dallas Fed: "Growth in Texas Manufacturing Activity Picks Up Slightly"
(DBN)

The 25 college majors with the highest salaries
(DBN)

Cities across the US are selling abandoned homes for $1, and it's a sign that the wealth gap is getting worse
(DBN)

Trump Says New Yorkers Didn’t Fight in SALT Deduction Battle
(DBN)

Trump’s New NAFTA Faces Mounting Resistance in Democratic House • Grassley: End Tariffs or No NAFTA 2.0 • Meet the New NAFTA. Same as the Old NAFTA
(DBN)

Democrats could deliver a shock to the economy, warns hedge-fund billionaire
(DBN)

Will America avoid fiscal collapse?
(DBN)

Pelosi Unveils Infrastructure Plan
(DBN)

China says its official manufacturing PMI for April came in at 50.1, below expectations • Bernie Sanders unveils trade platform challenging Trump’s China policy • Tariffs Costing You $100 Per Appliance
(DBN)

Globalization is waning, and a US-China trade deal won’t solve that, strategist says
(DBN)

The Second Great Depression is Coming
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Homeownership across America is on the decline for the first time since 2017, and millennials are partially to blame
(DBN)

Here's proof from the housing market that the economy is slowing faster than expected
(DBN)

Redfin: U.S. home-sale prices experience first annual decrease in 7 years
(DBN)

San Francisco Bay Area home prices fall for the first time in 7 years
(DBN)

Should cities subsidize housing for a family making $141,000?
(DBN)

Q1 2019 GDP Details on Residential and Commercial Real Estate
(DBN)

NJ: Bill to Help Towns Address “Zombie” Properties Now Law
(DBN)

This is how Millennials save for their home down payments
(DBN)

Charles City downtown development project files for bankruptcy
(DBN)

____________

Municipalities:

White House says will reappoint Puerto Rico oversight board • Trump renominates Puerto Rico fiscal board members
(DBN)

Puerto Rico won’t recover from bankruptcy unless it embraces fiscal reform
(DBN)

Cato’s Phony Numbers
(DBN)

Financial resources of Jackson water/sewer system nearly depleted, says Mayor Lumumba
(DBN)

Providence’s Pension Plans in “Critical” Status — $1.3B Underfunded, 20 Other Funds in Distress
(DBN)

____________

Oil/Gas:

The mystery of Trump's OPEC call about gas prices
(DBN)

U.S. Pipeline Boom Could End In Crisis
(DBN)

Lots Of Problems With Emerge Energy Services' Restructuring Plan
(DBN)

A Fleet of Tankers Is Hoarding Oil for a Gathering Storm
(DBN)

Federal judge freezes assets amid allegations of insider trading in Anadarko, Chevron deal
(DBN)

____________

Retailing:

Pier 1 pushes back on S&P bankruptcy speculation
(DBN)

Payless Creditors Criticize Hedge Fund Owner for Role in the Retailer’s Second Bankruptcy
(DBN)

PetSmart Debt Jumps as Retailer Makes Moves to Take Chewy Public
(DBN)

Where did your prescriptions go after Shopko closed?
(DBN)

Sears Debtors sue Former CEO & others Seeking Billions
(DBN)

Casualties of Sears‘ downfall will get their day in court Monday
(DBN)

____________

Healthcare:

Health Care Fraud Investigations and Litigation Offer Unexpected Lessons for Bankruptcy Counsel
(DBN)

U.S. measles cases top 700 as officials urge vaccinations • Surge in US measles cases leads to extraordinary measures • Officials declare measles outbreak in Pacific Northwest over • US officials say measles cases hit 25-year record
(DBN)

____________

Electricity:

Ex-CEO Geisha Williams steered PG&E into bankruptcy, but still got a big raise
(DBN)

PG&E Will Not Be Able To Renegotiate PPAs
(DBN)

California Regulators Weigh PG&E’s Fate
(DBN)

PG&E revises wildfire mitigation plan to remove hard inspection and improvement deadlines • PG&E Behind on Tree Work in California a Month from Wildfire Season
(DBN)

PG&E crafts housing assistance fund linked to wildfires, but victims criticize bankrupt utility
(DBN)

PG&E crafts wildfire relief fund, but victims criticize bankrupt utility • PG&E wants to create new fund to aid Camp Fire victims, CFO says
(DBN)

PG&E still lacks estimate on compensating wildfire victims
(DBN)

PG&E's fire safety plan recommended for approval
(DBN)

Bankrupt PG&E owns negative domain names like ‘pgecrooks.com’
(DBN)

____________

Taxis:

Study finds Uber drivers could earn as little as $5 an hour
(DBN)

Uber is pitching itself to investors as the next Amazon, despite no path to profits
(DBN)

____________

Golf:

Vista Hills County Club closing • Financial troubles prompt East El Paso country club to close after 45 years
(DBN)

____________

Student Debt:

The Student Loan Tax
(DBN)

Middle Class Homeowners Are the Biggest Winners from Student Loan Forgiveness
(DBN)

With Millennials Graduating, Gen Z May Face Lighter College Debt
(DBN)

____________

Debt Collection:

Fourth Circuit Strikes Down Federal Debt Collection Exemption to the TCPA
(DBN)

____________

Coal:

Bills to secure miners' health benefits lack Wyo pol support
(DBN)

____________

Religion:

Guam: Judge OKs hiring of lawyers, experts in church bankruptcy case
(DBN)

More Than 40 Abuse Priests in Sacramento
(DBN)

____________

Health and Beauty:

Troubled LightRX laser spas could exit bankruptcy with new ownership
(DBN)

____________

Movie Theaters:

Movie Ticket Subscription Service Sinemia Files for Bankruptcy
(DBN)

____________

Pharma:

What Oklahoma’s Opioid Settlement Means For Other States Suing Purdue Pharma
(DBN)

____________

Distressed Investing:

Michael Milken is the “junk bond king” everywhere except . .
(DBN)

____________

Motorcycles:

Harley Davidson's Long Fall from Grace
(DBN)

____________

Chemicals:

ACETO Completes the Sale of Its Chemicals Business Assets
(DBN)

____________

 
New Bankruptcy Opinions
(7 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (15 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (4 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 Statistics:

Weekly Bankruptcy Claims Trading Activity
(DBN)

______________

Make-Whole:

Make-Whole Provision Upheld by Bankruptcy Court Despite Lender's Loan Acceleration
(DBN)

____________

D&O:

Allocation of Defense Costs in D&O Litigation
(DBN)

____________

Avoidance Actions:

District Court Bars Fraudulent Transfer Claims Against Shareholders in Tribune Fraudulent Transfer Litigation
(DBN)

S.D.N.Y. Decision May Have Significant Impact on Bankruptcy Code “Safe Harbor” for Securities Transactions
(DBN)

Bankruptcy “Safe Harbor” Fraudulent Transfer Defense Reaffirmed in Tribune LBO Litigation
(DBN)

____________

Attorney Immunity:

Fifth Circuit Rules In Favor of Attorney Immunity
(DBN)

____________

Bankruptcy Software:

Bank Accuses Legal Vendor Epiq of Ditching Bankruptcy Trustee Deal
(DBN)

____________

Bankruptcy Reform:

Elizabeth Warren has a very timely grudge with Joe Biden • Why Warren is calling Biden out
(DBN)

____________

Make-Whole:

Make-Whole Claims in Bankruptcy
(DBN)

____________

Jurisdiction:

Subject Matter Jurisdiction in Bankruptcy: The Eleventh Circuit Addresses Related-To Jurisdiction
(DBN)

____________

Involuntary Bankruptcy:

“Special Circumstances” did not Save a 12 Year Old Involuntary Case
(DBN)

____________

Advisors:

McKinsey/Jay Alix Dispute Deep Dive
(DBN)

Steve Hodkinson Joins Virtas Partners as Managing Director
(DBN)

____________

UCC:

Pennsylvania Bureau Notifies Filers of the Loss of Attachments Submitted with UCC Records
(DBN)

____________

Agribusiness:

U.S. farmer income plummets $11.8 billion as Trump trade war drags on
(DBN)

Old MacDonald had a bankrupt farm
(DBN)

Farm Equipment Purchases Plummet
(DBN)

1920: 1 Million Black Farmers. All Gone Today
(DBN)

____________

Politics:

Former North Korea envoy says Trump approved signing pledge for Otto Warmbier's return
(DBN)

Mattis Ignored Orders From Trump
(DBN)

Washington Post’s 10,000 Trump untruths is about 25% fake news
(DBN)

In Context: Trump’s ‘very fine people on both sides’ remarks
(DBN)

Poll finds Trump in dead head-to-head heats with four Dems in Texas
(DBN)

Trump slams ‘Dues Sucking’ firefighters union leaders as he attacks Biden • How Biden gets under Trump's skin • Biden uses kickoff rally to appeal to blue collar workers, tear into Trump • Joe Biden Is Everyman—and That's the Problem • Joe Biden Takes a Hit for Anita Hill Treatment
(DBN)

75% of Americans disagree with Bernie Sanders' plan to let every US prisoner vote
(DBN)

Here are all the current members of Congress who have doubted or denied climate change
(DBN)

More Americans likely to oppose Trump in 2020 because of his handling of health care: poll
(DBN)

GOP hoping voters open to warnings of Democrats’ "socialism"
(DBN)

US should pay North Korea hospital bill for Otto Warmbier, ex-envoy says
(DBN)

____________

Distressed Investing:

The Junkiest Corporate Bonds Divide Wall Street
(DBN)

____________

Finance:

Direct Lending Fundraising Hits Record Pace in Private Debt Boom
(DBN)

____________

Climate:

Shocking Evidence Suggests Much Faster Global Warming
(DBN)

Welcome to Climate Change
(DBN)

____________

UK:

Company administrations climb to five-year high • UK company insolvencies rise in first quarter - Insolvency Service • UK company insolvencies rise in Q1 - Insolvency Service
(DBN)

Jeremy Corbyn under pressure to campaign for new referendum to stop Brexit
(DBN)

High street landlords face ‘tsunami’ of pressures
(DBN)

Will an Arcadia CVA be the final straw for landlords?
(DBN)

Landlords: What to do About CVAs
(DBN)

UK shopping centre investment hits 16-year low
(DBN)

HMRC quadruples spending on private debt collectors
(DBN)

Crunch board meeting to debate Top Shop-owner's rescue plan
(DBN)

Ten things to know about the Insolvency (Scotland) Rules 2018
(DBN)

Brexit Talks Turn Towards Compromise
(DBN)

____________

PIIGS:

How Chaotic Would an Italian Debt Restructuring Be? (Not Very)
(DBN)

Spain's unemployment report is Europe's latest problem
(DBN)

Elections leave Spain's Socialists in power to address economic woes
(DBN)

____________

India:

Vijay Mallya once again offers '100% payback' to Indian banks
(DBN)

Many sugar mills in TN face insolvency
(DBN)

Merely 24% recovery from corporate insolvency cases in March quarter
(DBN)

359 cases admitted for insolvency resolution in Q4; highest since rollout of IBC • This is where most bankruptcy cases come from in India; 40% cases from this sector
(DBN)

SBI likely to speed-up hiring to handle insolvency cases
(DBN)

How cases under insolvency process progressed — Status report
(DBN)

Large number of liquidation cases not a cause for concern yet
(DBN)

The epic saga of how a telecom felled one brother and is reinventing another
(DBN)

Slowdown Forecast for India’s Economic Growth
(DBN)

IBBI gives defaulting promoters a last chance
(DBN)

The scion of one of India’s biggest conglomerates was arrested for possessing drugs
(DBN)

____________

Singapore:

Combing through Hyflux's 'no haircut' plan
(DBN)

____________

Australia:

ATO too aggressive on small business debt, says Kate Carnell
(DBN)

____________

Israel:

Bankrupt Israeli Businessman Hid Over $27 Million in Assets in Europe, Says Trustee
(DBN)

____________

Venezuela:

Blackwater founder’s latest sales pitch - mercenaries for Venezuela
(DBN)

____________

China:

Indebted Chinese Seek Wisdom of Credit Card 'Goddesses' as Retail Lending Surges
(DBN)

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