February 12, 2019

The Daily Bankruptcy News

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Law:

Biglaw Made A Boatload Of Money Last Year
(DBN)

Marc Abrams Joins Whiteford, Taylor & Preston
(DBN)

Is Financed Litigation the Next Frontier for Corporate Legal Departments?
(DBN)

Munsch Hardt has a new top attorney in Austin
(DBN)

Jones Day Holds an Edge as Firms Double Down on Brand Strategy
(DBN)

KPMG accused of poaching 130 lawyers
(DBN)

Lawyer Faked Cancer to Delay Cases, Illinois Bar Authorities Say
(DBN)

Young Conaway Names Edwin J. Harron and James P. Hughes, Jr. to Management Committee
(DBN)

White & Case Breaks $2 Billion in Revenue as Profit Growth Continues
(DBN)

Sills Cummis & Gross Moves Up in the Legal World With Strong 2018 Performance
(DBN)

Locke Lord Grows Revenue, Profits in Turnaround Year
(DBN)

Integrating Lateral Hires: The Key to Retention and Productivity
(DBN)

Diversity in the Legal Profession: Do You See Window Dressing or Reality?
(DBN)

Awful Advice On How To Show Companies That Your Law Firm Is ‘Diverse’
(DBN)

Steptoe & Johnson Debuts 'Sponsorship' Program to Foster Diversity and Career Growth
(DBN)

Lawyers need to tell stories
(DBN)

The Bottom Is Falling Out Of This Law School’s LSAT Scores
(DBN)

Anthony Scaramucci On How To Get An A- In Law School
(DBN)

Law in the Time of Twitter: Do Chatty Lawyers Help or Hinder Their Careers?
(DBN)

Can Justin Fairfax be impeached? Virginia official is also a BigLaw partner; firm probes assault claims Amid Growing Scandal, MoFo Launches Investigation Into Partner Justin Fairfax
(DBN)

Robert Mueller has spent two years investigating Trump and he hasn't said a word. It's possible he never will Roger Stone’s and Jerome Corsi’s Time in the Barrel Roger Stone's Lawyers Already Want a New Judge in Mueller Case Cohen Postpones Congress Testimony Again Trump Officials 'Doing Russia's Bidding' to Get Richer Against U.S. National Interests, Former Deputy Assistant Attorney General Says Fmr U.S. Attorney: Trump, Flynn, Manafort Finances Are 'the Glue' Holding Mueller Probe Together
(DBN)

NY AG James Rejects View That Trump Foundation Suit Is Politically Motivated NY AG's Words About Going After Trump Family Coming Back to Haunt Her
(DBN)

Ex-White House aide Cliff Sims sues Trump over nondisclosure agreements Ex-Trump Aide Sues Over NDA Blocking White House Memoir
(DBN)

Brother of Jeff Bezos' girlfriend questioned in leaked texts probe Boies Schiller Plays White Knight for Jeff Bezos, Led by Bill Isaacson
(DBN)

Matthew Whitaker Apparently Only Owns One Tie
(DBN)

To Text, Or Not To Text Clients: An Ethical Question For A Technological Time
(DBN)

Advice Columnist Tells Pre-Law Student He’s Too Moronic For Law School
(DBN)

Parents say school shooting drills with simulated gunfire are traumatizing their kids
(DBN)

2 Parkland moms now divided over guns
(DBN)

After Synagogue Attack, Pittsburgh’s Push for Stricter Gun Laws Sparks Backlash
(DBN)

Some Washington sheriffs refuse to enforce new gun laws
(DBN)

Towson University police warn of a woman on the loose, looking for a date for her son
(DBN)

Trump Supporters Form Human Chain at Mexican Border Donald Trump's Now 1-0 in Border Wall Cases in the Ninth Circuit Trump Wins Significant Border Wall Case in 'Liberal' Ninth Circuit Court of Appeals
(DBN)

Woman who encouraged boyfriend's suicide ordered to start sentence immediately
(DBN)

Florida woman booked for killing of son who disappeared in 1986
(DBN)

Wrongly released documents in student’s drowning death show lifeguard ignored warnings
(DBN)

Jail nurse accused of poisoning husband reportedly wanted to marry inmate
(DBN)

Man Finds Tiger In Abandoned House
(DBN)

‘Very Disappointing and Very Unbelievable’: Parents Outraged
(DBN)

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Wall Street:

Futures point to a triple-digit gain for the Dow after tentative deal to avoid government shutdown U.S. stock futures climb as lawmakers reach tentative shutdown deal
(DBN)

U.S. stocks end mixed, with Dow logging a 0.2% decline and S&P 500 finishing little changed
(DBN)

Vanguard dramatically cuts its expected rate of return for the stock market over the next decade
(DBN)

Stock market may be in for a rude awakening as profits dry up, warns strategist
(DBN)

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Layoffs:

NJ's Laid-Off Workers to Get Toughest Protections in US?
(DBN)

Acelity to lay off 265 in Texas, N.C.
(DBN)

GC Services to lay off 89
(DBN)

Lear joint venture laying off 175 in Detroit
(DBN)

Trucking company to lay off nearly 100 in Smyrna
(DBN)

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Personal Finance:

How Much You Should Save in Every State
(DBN)

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Politics:

The White House burns the intelligence community again with a threatening message to Iran
(DBN)

Trump and Beto battle over border wall in dueling rallies
(DBN)

Nikki Haley Likely to Become Our First Female President
(DBN)

Top Democratic lawmakers criticize Omar's 'use of anti-Semitic tropes' Democratic Criticism Mounts Over Freshman Lawmaker’s Israel Comments Dem Rep. Omar apologizes for Israel comments, calls out 'problematic' role of AIPAC, 'other lobbyists' Ilhan Omar apologizes after Pelosi denounces tweet as anti-Semitic The controversy over Ilhan Omar and AIPAC money, explained
(DBN)

Kamala Harris: Half my family is from Jamaica — yes, I inhaled
(DBN)

Trump can’t win in 2020. But Democrats can lose, and they're showing us how
(DBN)

Elizabeth Warren comes out swinging Elizabeth Warren wants to ban the US from using nuclear weapons first
(DBN)

Democratic Sen. Amy Klobuchar will reject corporate PAC money in 2020 bid Klobuchar: You Bet I'm a Tough Boss Klobuchar Staffers Complain Like Whiny Biglaw Associates
(DBN)

Moderate Dems seek one of their own to win 2020 primary, topple Trump
(DBN)

Impeachment Push for Virginia Lt. Gov. Justin Fairfax Slows Down VA Governor Refers to Slavery as Indentured Servitude Virginia, a Dignified Disaster Virginia governor says he "overreacted" with apology for racist photo Gov. Ralph Northam’s Staff Suggests He Read ‘Roots' The complicated, always racist history of blackface
(DBN)

Presidential Job Approval Poll of Polls: Approve: 42.4% 0 Disapprove: 54.2%
(DBN)

‘My whole town practically lived there: From Costa Rica to New Jersey, a pipeline of illegal workers
(DBN)

About a third of Americans say blackface in a Halloween costume is acceptable at least sometimes
(DBN)

The ‘Green New Deal’ isn’t really that new
(DBN)

Historians Rank Every President
(DBN)

Trump Speaks With More Confidence But Less Analytical Thinking Than Past Presidents, Study Finds
(DBN)

Republicans Keep Admitting Everything They Said About Obama Was a Lie
(DBN)

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Accounting:

KPMG Ex-Partner Goes on Trial in ‘Steal the Exam’ Scandal
(DBN)

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Retailing:

Toys R Us tries for a comeback a year after going out of business Toys R Us is rising from the dead New Toys 'R' Us emerges, looking for partners in U.S. and U.K. Rebooted Toys R Us intends to have stores open by holiday season Toys R Us rises from the dead
(DBN)

Hasbro CEO: Toys R Us debacle was 'a disruption and an interruption,' but we're past it
(DBN)

Jobs, Jobs, Jobs: Why Lampert's Bid Won Contest for Sears
(DBN)

What Really Happened At The Sears Hearing, And Now What?
(DBN)

Why Payless ShoeSource Could Be on Track for Another Bankruptcy Payless ShoeSource Could End Up In Bankruptcy Again
(DBN)

Most retail employees don’t work 9 to 5 — and it’s making their lives miserable
(DBN)

Markdowns cost retailers $300B last year
(DBN)

Study: Retailers not ready for massive online grocery growth
(DBN)

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Fishing:

National Fish now running ‘independent’ of Pacific Andes as it restructures
(DBN)

Owing $136m, creditors circle major Chinese processor as lawsuits mount
(DBN)

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Marijuana:

Senator Files '420' Marijuana Bill To Legalize It Federally
(DBN)

Kamala Harris supports marijuana legalization: It "gives a lot of people joy"
(DBN)

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Space:

Goodbye Mars One, The Fake Mission To Mars That Fooled The World
(DBN)

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Asset Protection:

Asset protection trusts – why the recent interest?
(DBN)

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Economy:

U.S. Small-Business Owners’ Optimism Down From Record High
(DBN)

Goldman: When Will Inflation Rise Above 2%?
(DBN)

Americans' Confidence in Their Finances Keeps Growing
(DBN)

Small-business sentiment in January slumps to worst reading since Trump election
(DBN)

Main Street pares back its economic outlook
(DBN)

Nobel-winning economist Krugman warns that a U.S. recession looms in 2019
(DBN)

This is the only chart to watch ahead of the world's impending economic slowdown
(DBN)

It’s been almost 100 years since America’s 1% had this much wealth
(DBN)

Who Will Fill The Jobs Baby Boomers Leave Behind?
(DBN)

Goldman Sachs Projects Deficit Will Top $1 Trillion Next Year
(DBN)

‘We’re not in a good place’: Democrats and GOP can’t agree about how to stop another shutdown Lawmakers to Resume Stalled Border-Security Talks White House won't rule out another government shutdown As another shutdown looms, here’s some financial advice for federal workers Negotiators say they reached an agreement in principle to avert shutdown Budget deal allows far less money than Trump wanted for wall Trump’s Fox Allies Savage Congress Border Deal Lawmakers reach deal to avert shutdown with fence funding but no money for border wall The tentative deal to avoid a 2nd shutdown would give Trump less than 25% of what he wants for the wall The odds of another government shutdown are ‘quite low,’ says Pimco
(DBN)

You can bet that the U.S.-China trade deal won’t help stocks — here’s why How Bad Is the China Slowdown? U.S. Companies Offer Some Answers Treasury yields climb as global stocks buoyed by fresh round of trade talks Egyptian billionaire: Trump is right about China Cramer: This earnings period revealed ‘brutal truths’ about US-China trade US solar workforce shrinks for second straight year as Trump tariffs bite Washington farmers face rising costs in ongoing trade war US: China Deadline Will Not Be Extended
(DBN)

Steelmakers Find Strength to Expand Under Tariffs
(DBN)

Millions of Americans could be surprised as their tax refunds shrink The U.S. Cut Taxes. Why Will Fewer Folks Get Refunds? Here are the people most likely to get a bigger tax refund this year
(DBN)

Big businesses promised wage hikes from Trump's tax cuts. What actually happened?
(DBN)

Revisit the $10,00 Cap on SALT Deductions? Trump Says Maybe, Key Senator Says No
(DBN)

The Trump Tax Law Is Creating Lots of Jobs — for Tax Professionals
(DBN)

The Sanders, Schumer buyback test would prevent almost all companies from stock repurchases
(DBN)

‘Free-rider problem’—Facebook co-founder Chris Hughes says he and other 0.1%-ers need to pay up
(DBN)

Trump’s State of the Union address didn’t mention fixing Social Security. That’s a problem
(DBN)

If Not Now, When? New Estimates of the Federal Budget Outlook
(DBN)

"You feel so overwhelmed": Fed reports $1 trillion increase in debt
(DBN)

Inside Wisconsin’s disastrous $4.5 billion deal with Foxconn
(DBN)

Boys who can’t pay attention in kindergarten earn less as adults, Montreal study finds
(DBN)

How much cash is out there?
(DBN)

The Wealthiest And Poorest County In Every State
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Ditech files for Chapter 11 bankruptcy for second time in 14 months Ditech Re-Enters Chapter 11 With Prepacked Restructuring Ditech, in restructuring agreement with loan lenders, files Ch. 11 but still seeks sale
(DBN)

Sixth Circuit Holds Law Firm Liable Under The FDCPA For Not Canceling Foreclosure Ads In Newspaper Or Canceling Foreclosure Sale Upon Receiving Letter Disputing Debt
(DBN)

More married homeowners are seeking roommates to cut costs West Coast real estate is now so expensive that married couples are moving in with multiple roommates
(DBN)

As more older Americans ‘age in place,’ younger buyers struggle to find homes
(DBN)

Florida regulator targets firms, individuals tied to Woodbridge fraud
(DBN)

The 10 best cities to buy your first home
(DBN)

Bankruptcy judge rejects Glenn Straub’s bid for failed Palm House Hotel
(DBN)

Century III Mall Reopened, Judge To Allow Owners To Borrow $5 Million For Repairs
(DBN)

El Paso billionaire completes $32.5 million West Texas ranch buy
(DBN)

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Municipalities:

Puerto Rico Finalizes First Debt Restructuring, but at a High Cost
(DBN)

Cofina debt adjustment plan slated to go into effect Tuesday
(DBN)

Hedge fund credit specialists bask in Puerto Rico bond deal
(DBN)

Muni Lowdown
(DBN)

Hedge Funds Win, Puerto Ricans Lose in First Debt Restructuring Deal
(DBN)

Teacher strikes in Denver leave thousands of children out of school Students go wild at school as Denver teachers strike over pay
(DBN)

Here's how much money teachers make in every state
(DBN)

Chicago Is The Most Corrupt American City: Report
(DBN)

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Oil/Gas:

Oil: Rig Counts Rebounded
(DBN)

Report: Texas crude oil production breaks 1970s record
(DBN)

PetroQuest Energy Inc. emerges from bankruptcy, eliminating $295 million in debt and other obligations
(DBN)

Sanchez Energy Corporation Deep Dive
(DBN)

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Electricity:

How one investor used ESG principles to avoid being gored by the PG&E bankruptcy
(DBN)

Is There Value In Bankrupt PG&E's Stock?
(DBN)

PG&E to restructure board in wake of fires, lawsuits and bankruptcy Only Half of PG&E's Board to Remain After Bankruptcy Filing Seeking ‘trust and credibility’ after fires, PG&E to dump at least half its board members
(DBN)

Power Plant Risks Early Closure in Westmoreland Bankruptcy
(DBN)

Well Fargo Downgrades Edison International On Liability Legislation Pessimism
(DBN)

Boeing, SoCal Edison Blamed In Suit For Role In Woolsey Fire
(DBN)

PG&E’s bankruptcy filing looks phony from here
(DBN)

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Autos:

Tesla’s largest institutional investor just cut its stake in half
(DBN)

Nissan books $84 million Ghosn-related charges, cuts outlook
(DBN)

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Healthcare:

El Camino Hospital affiliate makes bid for 5 Verity Health clinics
(DBN)

Half Of Parents Worry Flu Shot Makes Children Sick, Third Believe It Doesn’t Work At All Anti-vaxxer kids are rebelling against their parents by vaccinating themselves
(DBN)

Medicare patients face surging costs for some life-saving drugs
(DBN)

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Trucking:

In stunning development, NEMF and 10 related subsidiaries declare bankruptcy New England Motor Freight files for bankruptcy
(DBN)

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Hotels:

Palm House: Bankruptcy judge scuttles sale of troubled Palm Beach property
(DBN)

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Food/Beverage:

Pink Slime Reclassified as Ground Meat
(DBN)

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Student Debt:

This New Program Will Pay $75,000 Of Your Student Loans
(DBN)

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Newspapers:

Hedge fund guts newspapers as it profits from their land
(DBN)

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Coal:

Trump Calls to Save Supporter's Coal Plant
(DBN)

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Ethanol:

EPA may issue E15 gasoline plan without biofuel credit trade limits
(DBN)

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Religion:

Historic Bronx Church Wins Bankruptcy Settlement Ahead of Second Circuit Argument
(DBN)

Las Cruces Diocese releases accused priests' personnel files
(DBN)

220 Baptist ministers, deacons, others found guilty of abuse, report says
(DBN)

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Solar:

Trump's trade war is hitting solar workers hard
(DBN)

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New Bankruptcy Opinions
(11 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (21 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (5 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:

January Commercial Bankruptcy Filings, 2006-19
(DBN)

This is the real reason most Americans file for bankruptcy
(DBN)

Hawaii bankruptcy filings skyrocketed 40% last month
(DBN)

Here's why business bankruptcies were down in Pittsburgh in 2018
(DBN)

Consumer Response to Chapter 11 Bankruptcy: Negative Demand Spillover to Competitors
(DBN)

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UCC:

Section 1631 and the Farm Products Exception to the UCC Exception—Fertile Traps for the Unwary
(DBN)

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Trustees:

UST Seeks Ch. 7 Trustees In ND OH (Akron and Toledo)
(DBN)

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Miscellaneous:

Rochelle
(DBN)

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Litigation:

Designation of Witnesses under Rule 30(b)(6) May Change
(DBN)

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SCOTUS:

Oral Argument On Taggart Case Set For April 24 Summary
(DBN)

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Plan Confirmation:

Judge rules on ‘astonishingly contentious’ Acis-Highland Capital bankruptcy feud
(DBN)

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Attorneys' Fees:

Can I Recover Attorneys' Fees in Bankruptcy?
(DBN)

Revisiting the American Rule: Fee-Shifting Strategies for NY Litigators
(DBN)

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Make-Whole:

Fifth Circuit’s Ultra Petroleum Decision Suggests Make-Wholes are Unenforceable in Bankruptcy, Questions Collectability of Contract Rate Postpetition Interest
(DBN)

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True Loan:

Fla. Circuit Court Holds Factoring Agreement Not a Usurious Loan Under New York Law
(DBN)

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TBTF:

Trump offers socialism for the rich, capitalism for everyone else
(DBN)

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Travel:

A woman wearing just her underwear shut down an airport in South Carolina
(DBN)

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Climate:

Natural Disasters Cost $91 Billion in 2018
(DBN)

Snowstorms to bring travel woes, power issues to Midwest, Northeast Winter storm could cause chaos for commuters from Illinois to Maine
(DBN)

The polar vortex is running wild - and it may not be because of climate change
(DBN)

60-foot waves possible after strong storm brings snow to Hawaii
(DBN)

Insects are dying off at record rates — an ominous sign we're in the middle of a 6th mass extinction
(DBN)

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Celebs:

Jamie Oliver says he has no more money to shore up struggling restaurants
(DBN)

Tori Spelling Slams Rumors She And Dean McDermott Are On The Verge Of A Split Amid Money Woes
(DBN)

Tiffany Trump Takes A Break From Law School For New York Fashion Week
(DBN)

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Crypto:

Former Mt. Gox CEO throws cold water on Brock Pierce’s plan to relaunch the infamous exchange Mt. Gox touted for relaunch, ownership claims cause social media spat Mt. Gox reboot doesn’t appeal to Japanese regulators
(DBN)

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UK:

Debenhams secures cash injection as it battles for survival
(DBN)

Sports Direct offers to buy Patisserie Valerie Britain's Mike Ashley deserts short-lived bid for Patisserie Valerie
(DBN)

Thanks to Brexit, the U.K. economy is at its weakest since the global financial crisis
(DBN)

The UK government has set up a ‘spectacularly badly-run lottery’ which could bar most British lorries from Europe under a no-deal Brexit
(DBN)

Brexit: Theresa May says MPs must hold their nerve There’s only one way to head off May’s threat of no-deal chaos
(DBN)

Commerzbank to shift U.K. bankers to continent in Brexit moves
(DBN)

72 Hours of Brexit Ridiculousness
(DBN)

Why Brexiteers Want the Pound to Fall Brexit Set To Break the GBP
(DBN)

Brexit could crush the German auto industry
(DBN)

Vandalism at Jewish cemetery in UK being investigated as hate crime
(DBN)

Flybe called in insolvency advisers as sale faltered
(DBN)

After Carillion – where now for corporate accountability?
(DBN)

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EU:

George Soros: Europe may be on the cusp of a nightmare, but it’s not too late to wake up
(DBN)

Germany needs 260,000 immigrants a year to compensate for its ageing workforce
(DBN)

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PIIGS:

Greece's Alpha Bank Is Said to Prepare $4 Billion Bad-Loan Sale
(DBN)

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Canada:

Secured Creditors Beware: The SCC Surprises the Insolvency World in Redwater
(DBN)

Justin Trudeau Faces Ethics Inquiry
(DBN)

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Venezuela:

Even in barrios once devoted to Hugo Chavez, murmurs of opposition grow in Venezuela
(DBN)

As Maduro Digs In, His Aides Hunt for an Emergency Escape Route
(DBN)

Venezuelan opposition officials say aid will test military's loyalty to Maduro
(DBN)

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France:

Chilling echoes of France’s Nazi past as ‘Juden’ graffiti is sprayed on Jewish bakery in Paris
(DBN)

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India:

Bankruptcy Code: What’s changed, what it means
(DBN)

Fresh NPA additions at lenders slow down, recoveries on the rise
(DBN)

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Switzerland:

Airopack's debt revamp collapses, cites accounting issues
(DBN)

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Nicaragua:

Fears rise in Nicaragua over new social security overhaul
(DBN)

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MENA:

Qatar revamps investment strategy after Kushner building bailout
(DBN)

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China:

2 large Chinese borrowers are said to miss bond payments
(DBN)

China’s debt iceberg: private firms going bankrupt after guaranteeing others’ loans Debt guarantee tangle: China's private firms hit by default contagion
(DBN)

How bad is China's economic slump? It's impossible to tell
(DBN)

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