February 1, 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:

Most Associates Bonuses Beat The Market At This Biglaw Firm
(DBN)

What Makes Lawyers Happy? Money, Honey.
(DBN)

Mintz & Gold Adds Bankruptcy Partner In NY
(DBN)

Former Korean-American partner at Greenspoon Marder sues for alleged discrimination
(DBN)

For Boomerang Laterals, There's No Place Like Home
(DBN)

In the MeToo Era, Lateral Candidates Are Going Under the Microscope
(DBN)

Taylor Wessing planning to axe 34 City jobs
(DBN)

UK: Howlett Clarke in liquidation
(DBN)

Florida Attorney Claims Offensive Ad Is The Result Of Hackers
(DBN)

Law Students Are Already Using Legal Technology To Live In The Future
(DBN)

Sometimes Us Old Guys Are Right About Marketing — This Is A ‘Great’ Marketing Tip
(DBN)

Pulling Off The Impossible: New Yorker-Style Cartoons About Lawyers That Are Actually Funny
(DBN)

Successful Manhattan Lawyers: If You're Composing Suicide Note in Your Head ...
(DBN)

Annie, Get Your Gun, But Please Don’t Bring It to the Depo
(DBN)

Mueller says evidence in Roger Stone case is "voluminous and complex" • Prosecutors lay out volume of evidence collected from Roger Stone's hard drives, email accounts Mueller wants Roger Stone case slow-walked to trial because of vast amount of complex evidence • Discovery documents provided to Russian firm were altered and posted online, Mueller says • Trump Jr.'s mysterious calls weren't with his father
(DBN)

90-Year-Old Retired Federal Judge: Rudy Giuliani Must Be 'Disciplined'
(DBN)

Kentucky clerk Kim Davis may have hefty legal bill in gay marriage case
(DBN)

An expert on human blind spots gives advice on how to think
(DBN)

Misleading GoFundMe appeal with offer for free legal advice leads to lawyer’s suspension
(DBN)

Pentagon deploys 3,000 more troops to U.S.-Mexico border • Border officials notch record-breaking Fentanyl bust
(DBN)

In Splitting Assets, the Bezos Divorce Reveals Biases Against Stay-at-Home Partners
(DBN)

FBI investigated civil rights group as 'terrorism' threat and viewed KKK as victims
(DBN)

"Police violence": The selective outrage on the right about Roger Stone’s arrest
(DBN)

Trainee struck off for overcharging clients after being bullied by partner
(DBN)

The most outstanding Christmas party story of the last holiday season
(DBN)

______________

Judges:

BK ND MS Seeks Term Law Clerk
(DBN)

A Washington Judge Is Bracing for Another Government Shutdown
(DBN)

Trump Taps Seven for California Federal Judgeships • On Judicial Nominations, Trump White House Again Spurns Democrats
(DBN)

Appeals Challenge Dismissal of Kavanaugh Ethics Complaints
(DBN)

______________

Wall Street:

 

Warning: Stocks have only been stretched this thin once in the past 150 years
(DBN)

Stocks wrap up best January in 30 years
(DBN)

______________

Layoffs:

White-Collar Robots Are Coming for Jobs
(DBN)

UPS said robots will help sort almost 80% of its packages this year
(DBN)

Electrolux will shutter Memphis plant that at peak employed 1,000+
(DBN)

Tesla Fires Another 1,000 Workers
(DBN)

Worldpay cutting 234 Atlanta jobs
(DBN)

______________

Politics:

Donald Trump Tells Republicans Not to Bother With Wall Negotiations, Falsely Says It’s ‘Already Being Built’ • Trump repeatedly pushed incoherent talking points about the wall over the course of a single day
(DBN)

Flashback: The Bitter Origins of the Fight Over Big Government
(DBN)

Gallup: Americans’ Trust in Government to Handle Problems at New Low
(DBN)

Increasingly, Republicans seem unhappy with the rule of the people
(DBN)

Trump to abandon arms pact with Russia as soon as Saturday, US official says
(DBN)

Howard Schultz, inexplicably, might be headed to Iowa
(DBN)

Facebook and Twitter just took down hundreds of fake accounts from Iran and elsewhere that were trying to influence politics
(DBN)

Beto O’Rourke Stopped Raising Money Months Ago
(DBN)

Texas Has to Back Way Off Last Week's Voter Fraud Alert
(DBN)

GOP Senators Don’t Trust Trump to Handle Foreign Policy • All the times Trump's intelligence officials contradicted him • Trump Claims Intelligence Chiefs’ Live Testimony Was ‘Totally Misquoted’ • The Strange Places Trump Gets His Intelligence From • Trump Meeting with Intel Chiefs Canceled • A list of how Trump disagrees with his own intelligence team A list of how Trump disagrees with his own intelligence team
(DBN)

Senate Republicans defy Trump in vote opposing troop withdrawal
(DBN)

Sen. Cory Booker, a champion for marijuana legalization and criminal justice reform, is running for president
(DBN)

______________

Conglomerates:

GE Cites Progress Toward Turnaround After Tough Year
(DBN)

______________

Travel:

Six Ways to Improve Air Travel Instantly
(DBN)

______________

Healthcare:

Rural hospitals face many challenges
(DBN)

Court grants Lincoln hospital right to pay wages and bills during Ch. 11 proceedings
(DBN)

N.J. health commissioner approves sale of financially troubled hospital in Salem County
(DBN)

Former Employees In Debt After Company Bankruptcy Leaves Medical Bills Unpaid
(DBN)

Why almost half of U.S. adults now have some form of heart disease
(DBN)

______________

Retailing:

The running list of 2019 bankruptcy victims
(DBN)

Elizabeth Warren: Lampert Enriched Self at Sears' Expense • Warren wants worker protections amid Sears bankruptcy
(DBN)

Sears Bankruptcy Update: Judge May Reject Lampert's Bid After All
(DBN)

Government fears Eddie Lampert would wipe out Sears' pension plans
(DBN)

We went shopping at GameStop and saw why it's struggling in a new era for video games
(DBN)

Houston retail construction slows as online shopping grows
(DBN)

Francesca's explores strategic alternatives, possible sale
(DBN)

Michaels to close 36 Pat Catan's stores
(DBN)

______________

Autos:

McDougal out of Reagor-Dykes Auto Group reorganization • McDougal Companies out of Reagor-Dykes restructuring plans
(DBN)

Reagor Dykes notice of appeal against Ford in bankruptcy
(DBN)

UAW joins Canada autoworkers' call to boycott GM cars made in Mexico
(DBN)

______________

Crypto:

Crypto Exchange QuadrigaCX Files for Creditor Protection
(DBN)

______________


Economy:

Worker wage gains just broke 3% for the first time in more than 10 years
(DBN)

US weekly jobless claims jump to a near one-and-a-half year high • Weekly Initial Unemployment Claims increased to 253,000
(DBN)

January Employment Preview • Goldman: January Payrolls Preview
(DBN)

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

Fed GDPNow latest forecast: 2.7 percent
(DBN)

Trump is reportedly considering former Godfather's Pizza CEO and GOP presidential candidate Herman Cain for a spot on the Federal Reserve Board
(DBN)

Warren FactCheck: "The top 0.1 percent ... own about the same wealth as 90 percent of America"
(DBN)

The Coming Recession Will Be Different
(DBN)

Trump returns to hard-line stance on the wall as Congress works to avoid another shutdown • GOP Wants Trump to Stay Out of Border Talks • House Democrats offer zero funding for Trump's border wall • A looming shutdown deadline hasn’t changed the central conflict: the wall • Democrats offer more than their original $1.6 billion for border security, but still no wall money • Pelosi rules out money for border wall, Trump says no deal without it • President Trump says Republicans 'wasting their time' on border security talks • He Says ‘Wall,’ They Say ‘Border Security’: A Glossary of the Border Debate • Border Patrol sector chief: I’ll call it ‘fence’ if I have to, but I could use some of it • Dems give themselves some wiggle room in border talks • ‘Get this done’: McConnell moves to avoid new shutdown • Trump Preps Emergency Order for a Wall
(DBN)

Here’s how the government shutdown will impact the jobs report
(DBN)

China and US discussing Trump-Xi trade meeting, but optics among sticking points • Congress introduces bill to reduce president's power to levy import tariffs • The Huawei indictment marks the end of US and China's cycle of trust • Big business plans all-out blitz on Washington to end trade war • Japan factory output falls amid US-China trade war worries • China Hails Progress in US Talk Trades
(DBN)

Buy American Rules Moves to Infrastructure
(DBN)

Bernie Sanders proposes a big hike in the estate tax, including a 77% rate for over $1 billion • Bernie's big tax hike would target millionaires and billionaires • Bernie Sanders’s new plan to supercharge the estate tax, explained
(DBN)

Fox News Poll: Voters favor taxing the wealthy
(DBN)

A Wealth Tax Is Better Than Some Of The Alternatives
(DBN)

That time Donald Trump proposed a 14.5 percent wealth tax
(DBN)

Foxconn moves forward with construction in Wisconsin
(DBN)

U.S. Changes Visa Process for High-Skilled Workers
(DBN)

Billionaire investor Howard Marks: America should be worried about ‘rising tide of anti-capitalism’
(DBN)

Meet the folk hero of Davos: the writer who told the rich to stop dodging taxes
(DBN)

Here’s What the Average Retiree Spends Every Month
(DBN)

Par: Tighter loan terms during 4Q18 selloff, but huge year-on-year deterioration
(DBN)

An angry historian ripped the ultra-rich over tax avoidance at Davos. Then one was given the mic.
(DBN)

Food-stamp recipients face long wait for their next payment
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Housing market off to slow start in January
(DBN)

Mortgage rates rise for first time in 2019 but are expected to fall from here
(DBN)

New Home Sales increased to 657,000 Annual Rate in November • A few Comments on November New Home Sales
(DBN)

Fannie Mae: Mortgage Serious Delinquency Rate unchanged in December • Serious Delinquency Rate on Single Family Mortgage Loans Declined to Lowest Level Since December 2007
(DBN)

GE pays $1.5 billion to finally resolve subprime loan allegations
(DBN)

California homeowners face higher insurance costs after fires
(DBN)

Sacramento: Stalled Township Nine development land goes back to lender
(DBN)

____________

Municipalities:

Puerto Rico Rebound Lures Mutual Funds Back to Island's Bonds
(DBN)

Puerto Rico's biggest bank came out of Hurricane Maria stronger
(DBN)

PREPA is a tangled web generations in the making
(DBN)

Puerto Rico rebound lures mutual funds back to island’s bonds
(DBN)

______________

Oil/Gas:

Canada’s Supreme Court: Bankrupt Oil, Gas Firms Can’t Abandon Orphan Wells • Redwater overturned by Supreme Court of Canada: a provincial regulator may insist on the satisfaction of environmental liabilities in an insolvency
(DBN)

______________

Student Debt:

Natty Light is giving away another $1,000,000 to help grads pay off their loans
(DBN)

Virginia selects state's 1st student loan debt advocate
(DBN)

Americans in these cities having hardest time repaying student loan debt
(DBN)

Fall behind on your student loans? You could lose your license to work. Texas lawmakers want to change that
(DBN)

______________

Food/Beverage:

OC Brewing files for bankruptcy, auctioning equipment
(DBN)

Court allows sale of troubled Oregon dairy farm to proceed
(DBN)

______________

Religion:

Catholic dioceses in Texas name 286 priests credibly accused of abuse
(DBN)

US Trustee to convene creditors committee in church bankruptcy case
(DBN)

The Child Victims Act’s Unique Effect On The Roman Catholic Church
(DBN)

______________

Bankruptcy Crimes:

Ullin woman gets 2 years probation for lying during bankruptcy hearing
(DBN)

______________

Fraud:

January 2019 Ponzi Scheme Roundup
(DBN)

Ex-Shkreli Lawyer Suspended From SEC Following Fraud Conspiracy Conviction
(DBN)

______________

Climate:

University of Iowa student found dead amid sub-freezing temps
(DBN)

UPS, FedEx and Target take heat for having employees work during polar vortex
(DBN)

More U.S. companies discussing climate change in wake of hurricanes, wildfires
(DBN)

Alligators freeze in North Carolina swamp with noses above ice
(DBN)

______________

Hedge Funds:

Somebody Ripped Off Investors At This Hedge Fund
(DBN)

Hedge Funds Have Worst Year in a Decade
(DBN)

______________

Pharma:

Pharma exec gave a doctor a l-- d----to get him to prescribe drugs, officials say
(DBN)

The Trump administration just proposed a ban on a little-known practice in the pharmaceutical industry that's been blamed for high drug prices
(DBN)

______________

 

 

 

 

 
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 (26 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (14 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)

______________

PACA:

Second Circuit Denies Setoff To Produce Seller
(DBN) 

______________

Cross-Border:

Chapter 15: Court Permits Foreign Debtors to Access and Receive Funds in U.S. Account
(DBN)

______________

Plan Confirmation:

A Strategy to Beat the Absolute Priority Rule in Family Business Bankruptcies
(DBN)

______________

Standing:

Tenth Circuit Concurrence Highlights the Importance of Careful Pleadings in Demonstrating Prudential Standing
(DBN)

Fifth Circuit Holds That Creditor Lacks Constitutional Standing to Appeal
(DBN)

______________

Litigation:

Litigation Funder Validity Adds Big Law Firepower in New York
(DBN)

General Counsel Push for Full Disclosure of Third-Party Litigation Funding in New Letter
(DBN)

______________

Corporate Governance:

Company Required to Produce Emails Among Management to Stockholders Requesting Access To "Books and Records"
(DBN)

______________

Contempt:

U.S. appeals court upholds contempt ruling against Roscoe bank, president
(DBN)

______________

Electricity:

Relief for California wildfire victims tied up in federal talks about the border wall
(DBN)

This giant pension fund sold all its PG&E stock before the January collapse
(DBN)

‘A statewide problem.’ How PG&E’s bankruptcy could soil California’s green-energy movement • Will PG&E's Bankruptcy Hurt California's Ambitious Energy Efficiency Goals?
(DBN)

PG&E chapter might imply value hikes, unpaid fireplace… • PG&E Stock Is Going to Zero, Hedge Fund Says
(DBN)

PG&E Filed for Bankruptcy. Why Did Its Shares Then Rise?
(DBN)

California pension funds losing tens of millions of dollars on PG&E
(DBN)

Federal judge torches PG&E fire record • Judge berates PG&E: We can't let you 'kill more people'
(DBN)

How Will Bankrupt Utility Deal With Wildfires From Now On? • PG&E must deal with problem that bankruptcy won't end
(DBN)

Bankruptcy marks PG&E failure, PUC breakdown
(DBN)

Dissecting PG&E's Bankruptcy
(DBN)

Attorney: PG&E wants trust fund for wildfire lawsuits • PG&E wildfire victims implore judge for voice in bankruptcy case
(DBN)

PG&E's massive bankruptcy: Beginning to sort out who gets what
(DBN)

Erin Brockovich slams PG&E’s bankruptcy filing, hopes for reforms under new governor
(DBN)

PG&E Bankruptcy Hearing Opens as Fire Victims Call for Action • Bankruptcy Judge Grants PG&E Access to $1.5 Billion in Loans • Judge allows power provider PG&E to start tapping bankruptcy loan • PG&E gets approval for $1.5 billion loan in bankruptcy
(DBN)

FERC and Bankruptcy Courts: Concurrent Jurisdiction over PPAs
(DBN)

Lights Out For PG&E?
(DBN)

What Happens When the Owner of a Nuclear Plant Goes Bankrupt? • Safety of Diablo Canyon a top concern during PG&E bankruptcy
(DBN)

The New Age Of Electricity - Utilities In 2019
(DBN)

Justice Department, Ohio AG warn FirstEnergy Solutions and FirstEnergy on environmental obligations
(DBN)

______________

UK:

Cash-strapped college reveals shock deficit on the same day insolvency regime goes live
(DBN)

Barclays faces lawsuits from English councils over pre-crisis loans
(DBN)

Which sectors could be most affected by a no-deal Brexit?
(DBN)

______________

Canada:

Bankrupt oil firms must clean up inactive wells: Canada court • Bankrupt Oil Firms Must Fund Well Cleanup • Supreme Court rules bankruptcy trustees can't walk away from abandoned oil wells • In 'Victory for Land and Water,' Canada's Supreme Court Rules Bankrupt Fossil Fuel Companies Must Clean Up Pollution Left Behind • "Bankruptcy is not a license to ignore rules" • Why farmers' frustration with orphan wells doesn't end with Supreme Court ruling
(DBN)

Justice Romaine Weighs in on ‘lifting the stay’ in the Context of Replacement of Operator Provisions in Oil and Gas Joint Venture Agreements
(DBN)

The Alberta Energy Regulator Retains its Statutory Powers in the Bankruptcy of an Oil and Gas Licensee
(DBN)

Is legislation pending on bankruptcy, pension plans and lenders?
(DBN)

‘Frustration and hopelessness’: Laid-off Albertans struggle as oil patch braces for more job losses
(DBN)

Energy slump drives Canada's second GDP decline in 3 months
(DBN)

______________

PIIGS:

Italy recession is oddly helpful for EU fiscal row • Recession in Italy fuels global slowdown fears
(DBN)

Creditors have grave concerns on Greece's compliance
(DBN)

______________

China:

China Slowdown Causes Recoils in Growth Around the Globe
(DBN)

Bankruptcy court launched to handle enterprise cases • Shanghai sets up bankruptcy court • China’s second and third specialized bankruptcy courts set up in Beijing, Shanghai
(DBN)

______________

Venezuela:

Venezuela's Guaido refuses to rule out US military intervention amid escalating political crisis • Juan Guaidó says family has been threatened • Maduro says any US invasion would be worse than 'Vietnam'
(DBN)

U.S. Push to Oust Venezuela’s Maduro Marks First Shot in Plan to Reshape Latin America
(DBN)

Change of Venezuelan government favors creditors China, Russia
(DBN)

Venezuela’s Citgo Weighs Bankruptcy, Other Options Amid Political Fight • Venezuela's Citgo weighs bankruptcy • Venezuela's Citgo denies report it is weighing bankruptcy
(DBN)

______________

India:

Debt-laden Jet Airways accepts Etihad bailout plan, may sign MoU soon
(DBN)

IBC may go the way of Sarfaesi Act if cases are not resolved soon: Seshagiri Rao
(DBN)

Unless you want to be a street vendor, a cab driver, or a road construction worker, please start your own business -- because there are no high-paying jobs in India
(DBN)

Supreme Court Enhances Information Rights of Directors in Insolvency Process
(DBN)

______________

Brazil:

Brazil's Avianca expects loan talks progress to buy time for a deal: sources
(DBN)

______________

MENA:

USAID Aid to West Bank & Gaza Has Ceased
(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 Daily Bankruptcy News on the web by clicking here.

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