February 14, 2019

The Daily Bankruptcy News

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Law:

MoFo Responds To Explosive Pregnancy Discrimination Lawsuit
(DBN)

State Bar Examiners Do Away With Mental Health Question On Bar Exam Application
(DBN)

Law Students Have Flawed Perceptions About What It’s Like To Practice Law
(DBN)

Why can’t you bring mechanical pencils to the LSAT? Blame test-taking tricksters
(DBN)

Are DC Law Firms Missing the Legal Industry's Revenue Revival?
(DBN)

Leading advocate for diversity in legal industry hasn’t seen much progress in 10 years
(DBN)

Two Veteran In-House Counsel Talk About Why They Moved to Law Firms
(DBN)

The ATL Michael Avenatti Interview Michael Avenatti gives up control of firm after being accused of hiding millions: report Avenatti to give up financial control of law firm after he's accused of hiding millions in firm bankruptcy Michael Avenatti's Former Business Partner Alleges He Committed Bankruptcy Fraud 
(DBN)

'Scared. Ashamed. Crippled.': How One Lawyer Overcame Living With Depression in Big Law This Biglaw Attorney Suffers From Depression And Wants Other Lawyers To Come Forward
(DBN)

Fox Rothschild's New CMO Quietly Joins, Quickly Departs
(DBN)

Thompson & Knight Posts Big Profit Gains in 2018
(DBN)

Proskauer Nears $1B Revenue Mark as It Posts New Profit Highs
(DBN)

Goodwin Procter Sees Revenues Soar
(DBN)

Cooley Posts Double-Digit Revenue, Profit Growth in 2018
(DBN)

Profits and Revenue Soar at Nixon Peabody
(DBN)

How I Made Partner: Weil Gotshal's Adam Banks
(DBN)

The Dan Markel Case: Now A Top Podcast
(DBN)

Former Trump lawyer John Dowd predicts Mueller's report will never see the light of day Skadden's DOJ Deal Is Off-Limits for Russian Company Claiming Mueller Abuses House Democrats may target Ivanka Trump in their Russia probe Rule change sharpens Dem investigations into Trump Roger Stone, the Perp Walk, and Shame’s Role in White-Collar Cases Mueller Prosecutors Are Unleashed From Paul Manafort Plea Agreement Judge: Manafort broke plea deal by lying to Mueller investigators, FBI and grand jury Justice Department investigating leak of confidential Michael Cohen bank records
(DBN)

Parkland Student Survivors Brace For 1st Anniversary Of School Shooting The flurry of new state gun laws after Parkland House Judiciary advances first gun control legislation in decades In the year after Parkland, there was nearly one mass shooting a day The Next Parkland Could Happen Anywhere
(DBN)

Alex Jones Has to Give Sandy Hook Deposition
(DBN)

School Hires Combat Vets With Rifles To ‘Put Down’ Active Shooters
(DBN)

Man Releases Giant Rat Inside New Jersey McDonald’s, Sparking Total Chaos
(DBN)

3 female Yale students who protested against Kavanaugh sue school’s fraternities for discrimination Yale Women Sue to Gain Access to All-Male Fraternities
(DBN)

'El Chapo' jurors warned to stay anonymous
(DBN)

NFL Moves to Kill Suit Over Blown Saints-Rams Call
(DBN)

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Judges:

A Tribute to The Honorable Mary F. Walrath Opening Remarks Acceptance Remarks: Mary F. Walrath Lifetime Achievement Award
(DBN)

BK Court Requires A Court Order For Each Day An Attorney Wants To Bring A Laptop To Court
(DBN)

BK ND CA To Unveil Portrait Of Retired Judge Jaroslovsky
(DBN)

Court Letterhead Used for Scams Targeting Attorneys, Others
(DBN)

Electronic Court Record Fees Should be Free, Lawmakers Say
(DBN)

'Meh': Apparent Note-to-Self Makes It Into Published Federal Decision
(DBN)

Roberts Declares Himself First Amendment's 'Most Aggressive Defender' at SCOTUS
(DBN)

Federal appeals court allows release of grand jury records in 1946 lynching
(DBN)

PA: Owner of bankruptcy firm to run for judge in Court of Common Pleas
(DBN)

Trump 2nd Circuit Nominees Grilled as Democrats Fume Over Opposition By Home State Senators
(DBN)

Ex-VW Supreme Court Judge Gets Prison
(DBN)

Immigration Judges Claim Job is Untenable
(DBN)

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Wall Street:

Futures move higher on US-China trade optimism
(DBN)

Stocks close higher as U.S.-China trade optimism persists
(DBN)

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Layoffs:

White-collar robots are coming for jobs UBS Is Trying To Create 'Super Human' Employees By Bringing In Hundreds Of Robots
(DBN)

The first wave of Shopko store closings will cut nearly 580 jobs
(DBN)

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Politics:

Trump reportedly installed a new $50,000 golf simulator in the White House to replace the one left by Obama
(DBN)

Ted Cruz Calls Green New Deal ‘Kooky’ and ‘Nutty’ US Lawmakers Give Mixed Reviews to Ambitious Green New Deal Proposal Klobuchar downplays Green New Deal as 'aspirational' Sherrod Brown defends decision not to endorse Green New Deal
(DBN)

FEMA chief Long, who faced questions over his use of government vehicle, to resign
(DBN)

House votes to end military support for Saudi-backed war in Yemen House passes measure to withdraw U.S. forces from war in Yemen
(DBN)

Former ‘Border Czar’ Gives Real Facts About Immigration
(DBN)

Dallas Pastor: Christians Who Don't Back Trump Are Morons, Like Christians in Nazi Germany
(DBN)

House Democrats' Agenda Begins to Take Shape New Democratic bloc's push left unsettles party
(DBN)

The 2020 U.S. Presidential Race: A Cheat Sheet
(DBN)

Giuliani and Netanyahu Raise Specter of War with Iran Pompeo Calls for Confronting Iran
(DBN)

DHS Guts Task Force Protecting Elections
(DBN)

Paid line-standing: the bizarre congressional practice that shocked Ocasio-Cortez, explained
(DBN)

Howard Schultz’s campaign is based on 3 ideas, and they’re all wrong
(DBN)

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Retailing:

Toys R Us is being revived, but it probably won't be the store you remember Mattel upgraded after news that Toys 'R' Us will be revived
(DBN)

Edward Lampert’s Plan for Sears: Smaller Stores, Less Apparel Eddie Lampert thinks Sears, after emerging from bankruptcy, could be a public company again Sears may struggle to find CEO with Eddie Lampert in charge Sears, sort of: Here’s what the retailer is planning post-bankruptcy Why Sears Holdings Owner Eddie Lampert Needs Help -- Now Sears survived, but remaining stores may be smaller and fewer, new owner says in interview Sears Survives for Now—But Will Be Smaller in More Ways Than One
(DBN)

Another wave of retail store closures coming. 'No light at the end of the tunnel'
(DBN)

Judge signs off on Bernsteins’ offer for Beauty Brands
(DBN)

Why only about half of Americans are showing Valentine’s Day any love this year
(DBN)

Walmart, the anti-Amazon
(DBN)

Amazon will pay $0 in federal income taxes for the second year in a row
(DBN)

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Crypto:

Observers ‘gobsmacked’ at new revelation about lost QuadrigaCX currency
(DBN)

Brock Pierce Wants To Relaunch Mt. Gox, The Exchange That Lost It All
(DBN)

JP Morgan is rolling out the first cryptocurrency by a US bank to transform payments business
(DBN)

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Trucking:

A top trucking company just declared bankruptcy - and Amazon may have helped usher its downfall LTL in Northeast struggles to right itself after body blow of NEMF bankruptcy
(DBN)

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Space:

Mars One, the ‘Fyre Festival’ of Mars that promised one-way trips to space, has declared bankruptcy
(DBN)

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Education:

St. Gregory's bankruptcy trustee disputes museum's $2.3M claim
(DBN)

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Default:

Default risks distant for indebted US companies . . . At least for now
(DBN)

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Climate:

Climate disasters cost $650 billion over 3 years — Americans are bearing the brunt: Morgan Stanley
(DBN)

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Economy:

That $22 trillion national debt number is huge, but here’s what it really means Feds Collect Record Individual Income Taxes in Calendar 2018--as Debt Climbed
(DBN)

Greenspan warns of 'extremely imbalanced' path of US deficit U.S. budget deficit spikes 42% in first three months of fiscal year
(DBN)

BLS: CPI unchanged in January, Core CPI increased 0.2%
(DBN)

Key Measures Show Inflation lower in January than in December on a YoY basis
(DBN)

Worker wage gains are keeping up with inflation, and then some
(DBN)

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

A record number of US workers went on strike in 2018
(DBN)

How Trump's Economic Chickens Are Finally Coming Home To Roost
(DBN)

6 Metrics Show Trump Did Not Inherit A Mess From Obama
(DBN)

Goldman CEO David Solomon says US economy still ‘chugging along,’ chance of recession quite small
(DBN)

Trump Is Expected to Sign Border-Security Deal Why Trump Isn’t Sweating a Shutdown This Time Trump intends to sign border deal to avoid another shutdown Congress rushes to avoid shutdown as Trump says he’ll look for ‘landmines’ in spending plan ‘It will create a firestorm’: Mulvaney’s border wall cash grab sparks dissent in White House Trump Is Refusing to Pay Contractors For Work During the Shutdown
(DBN)

Trump demands California return $3.5 billion in funds for state’s ‘disaster’ bullet train project Newsom hits back at Trump for false claim about scaled back rail project
(DBN)

New NAFTA Is Threatened by Partisan Split Over Enforcement Canada: No NAFTA 2.0 Until Tariffs Lifted
(DBN)

What President Trump hasn’t told his rallies about free trade Trump Tariffs Cost US Business $2.7Bn in Nov. Trump considering extending trade-deal deadline by 60 days if talks go well: report Chinese stock-market investors are cheering Trump’s softened tone on tariffs China January exports to U.S. down 2.4% on year China exports shoot up, beating expectations
(DBN)

Income inequality is likely worse than before the Great Depression
(DBN)

Richard Branson: World’s wealthiest ‘deserve heavy taxes’ if they fail to make capitalism more inclusive
(DBN)

Howard Schultz slams Trump, says ‘people of means’ should pay more taxes
(DBN)

Rubio promises anti-buyback bill ‘soon,’ but says he still supports free market over socialism
(DBN)

The Unrealistic Economics of the Green New Deal Green New Deal is gooeconomics Democrats’ Green New Deal leaves lots of room for improvement The Green New Deal: Historians weigh in on the immense scale required to pull it off Here's How Much A New Green Deal Could Cost America's Aviation, Travel & Aerospace Industries
(DBN)

Having a ‘good’ job in America no longer makes you financially secure
(DBN)

Forget Disruption, This Is Revolution
(DBN)

The important questions about universal basic income haven’t been answered yet
(DBN)

Rural Mississippi Still Waiting on Recovery
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Closing the Loophole in Commercial Landlord Bankruptcies: Why the Ninth Circuit Made the Right Decision in Matter of Spanish Peaks Holdings II, LLC
(DBN)

MBA: Mortgage Applications Decrease in Latest Weekly Survey
(DBN)

New Second Circuit Statute of Limitations Ruling A Benefit to Loan Originators, Brokers
(DBN)

Houston Real Estate in January: Sales declined 8% YoY, Inventory Up 17%
(DBN)

When Wall Street is Your Landlord
(DBN)

3 reasons why the housing market isn’t as strong as it seems
(DBN)

This $750,000 suburban home is so controversial, real estate sites have censored the listing
(DBN)

The Hot Trade in the Housing Market: Servicing Your Mortgage
(DBN)

Military survey finds deep dissatisfaction with family housing on U.S. bases Mold, lead paint, rats Senate Vows Urgent Reform to Military Housing Conditions
(DBN)

What Happened When I Bought a House With Solar Panels
(DBN)

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Municipalities:

Third-Party Relief for Municipal Debtors: “Necessity” in the Chapter 9 Context
(DBN)

Trump reportedly wants to grab funds intended for disaster relief, military housing, and flood-control projects to pay for his border wall
(DBN)

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Oil/Gas:

Texas Oil Production Breaks 1970 Record
(DBN)

OPEC Urges Members to Cut Production
(DBN)

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Fraud:

Madoff Settlement Fund Attorneys Get $19.9 Million
(DBN)

Lottery scammer nabbed after trying to persuade former FBI and CIA director to give him $50K
(DBN)

SEC Says Guy Who Was Being Paid To Keep Apple Employees From Insider Trading Apple Stock Had Sweet Side Gig Insider Trading Apple Stock
(DBN)

Dating scams cost Americans over $143 million in 2018
(DBN)

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Student Debt:

Should I Marry Someone With Large Student Loans When Mine Are Almost Paid Off?
(DBN)

Garnishing All Student Loan Debt
(DBN)

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Autos:

Buy-Here, Pay-Here Dealerships File In BK ND IL - First Day Dec
(DBN)

Tesla Model 3 Demand Falls Sharply
(DBN)

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Mass Torts:

Imerys Talc Units File Bankruptcy as Cancer-Suit Risk Soars Imerys Talc America to file for Chapter 11 bankruptcy - statement Johnson & Johnson talc supplier files for bankruptcy as cancer suit risk soars J&J supplier seeks bankruptcy over talc lawsuits Imerys Talc America and Related Companies File Voluntary Chapter 11 Petitions First Day Dec
(DBN)

Nassar Victims' Payout Hangs On Fight With USAG's Insurers Nassar Survivors Not Giving Up!
(DBN)

N.J. and Va. dioceses release names of 246 clergy accused of abuse
(DBN)

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Electricity:

The Struggle to Control PG&E
(DBN)

Bankruptcy Judge Scolds PG&E Over Last-Minute Filings
(DBN)

PG&E says it's still trying to limit power shutoffs under expanded program
(DBN)

What could be worse than the next big fire? The next big fire caused by PG&E
(DBN)

In Bankruptcy, Utility PG&E Faces Big Spend to Cut Fire Risks
(DBN)

California has 149 million dead, dry trees ready to ignite like a matchbook
(DBN)

PG&E filing for bankruptcy protection brings uncertainties, potential opportunities for TUD
(DBN)

PG&E (PCG) Earns “Hold” Rating from Wells Fargo & Co
(DBN)

California can show lead on climate with PG&E plan
(DBN)

PG&E Bankruptcy Update: Overhaul Of Board Of Directors Set In Motion
(DBN)

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Marijuana:

Minneapolis marijuana activist in fight with Oregon partners files for bankruptcy
(DBN)

OH: Continued Uncertainty in Banking Marijuana Businesses
(DBN)

Washington moves closer to delivering protections for banks that work with the pot industry
(DBN)

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Debt Collection:

District court holds debt collector’s actions not harassment or abuse under FDCPA
(DBN)

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Celebs:

ICM Fires Celine Dion as Client, Sues for Pay
(DBN)

Bezos Leaker Michael Sanchez Sold Out His Own Client to Enquirer Parent Company AMI, Sources Say Who is Michael Sanchez? Low-level Hollywood manager is a pivotal figure in Bezos-Pecker storm
(DBN)

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New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (29 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (6 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:

Here’s the real secret about why corporate mergers fail
(DBN)

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Jurisdiction:

Stern Claims and Article III Adjudication—The Bankruptcy Judge Knows Best?
(DBN)

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TBTF:

Not a Bank, Not a SIFI; Still Too Big to Fail
(DBN)

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Cross-Border:

The Enforcement of Consensual Foreign Plans of Reorganization in Chapter 15
(DBN)

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Involuntary Bankruptcy:

Collateral Damage: Non-Debtor Recovery for Bad Faith Involuntary Bankruptcy Petitions
(DBN)

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Attorneys' Fees:

Fourth Circuit Allows Unsecured Creditors to Assert Claims for Attorneys’ Fees In Bankruptcy Cases
(DBN)

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Discharge:

Court says attorney who created fake child p--- for expert witness work must pay $300,000 to victims despite bankruptcy
(DBN)

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LLCs:

A Bankruptcy Litigation Framework for Series LLC Eligibility, Property of the Estate, and Substantive Consolidation
(DBN)

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IP:

It’s Not You, It’s Us: Assessing the Contribution of Trademark Goodwill to Properly Balance the Results of Trademark License Rejection
(DBN)

SCOTUS to Hear ‘The Most Significant Unresolved Legal Issue in Trademark Licensing’ in Mission Product Holdings Inc. v. Tempnology, LLC
(DBN)

Rejection Time: On February 20th The Supreme Court Hears Oral Argument On The Big Question In The Tempnology Case — Does A Trademark Licensee Lose Its Rights Upon Rejection?
(DBN)

Argument preview: Justices to examine rejection of contracts in bankruptcy
(DBN)

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Litigation:

Judges Frustrated by Lawyers’ Lack of E-Discovery Expertise
(DBN)

Republican Senators Reintroduce Bill Pushing for Disclosure of Litigation Funding
(DBN)

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Insurance:

Modesto’s embattled insurance carrier considers bankruptcy
(DBN)

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Travel:

This airline sued a passenger for skipping his flight — why we should all take note
(DBN)

Airbus set to scrap production of the world’s largest airliner
(DBN)

Passengers bloodied after plane nosedives twice at 34,000ft... Carts, bags hurtle around cabin
(DBN)

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Musical Instruments:

Gibson's Comeback Plan: Les Paul Maker Emerges From Bankruptcy Like a '125-Year-Old Startup'
(DBN)

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Healthcare:

5 rural Maine hospitals, including one in bankruptcy, will get expert help to run sustainably
(DBN)

Anti-vaxxer wife of Trump communications chief: ‘Bring back our childhood diseases’
(DBN)

The battle over moderate Democrats' "Medicare at 50" “Medicare at 50”: Sen. Debbie Stabenow explains her Medicare buy-in plan
(DBN)

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Religion:

N.J. Catholic dioceses release names of 188 priests and deacons accused of abuse of children
(DBN)

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Entertainment:

Weinstein Bankruptcy Decisions Find Talent Agreement Non - Executory , but Post-Closing Obligations Must be Honored
(DBN)

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Personal Finance:

This couple retired at 38 and 41. Here's how they made it happen.
(DBN)

Behavior at Age 6 May Predict Adult Income
(DBN)

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UK:

Ford Tells UK PM They're Leaving
(DBN)

Patisserie Valerie rescued from administration
(DBN)

The debt solution marketed as a life hack on social media: Record numbers open IVAs - but what are they and can you really write off 85% of your debt?
(DBN)

Begbies Traynor Expands Insolvency Practice With GBP600,000 Buy
(DBN)

A Brexit survival kit for U.K. banking
(DBN)

Brexit Goes to the Brink
(DBN)

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EU:

Europe's Middle Class is Disappearing Too
(DBN)

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PIIGS:

Italy confirms talks with Delta, EasyJet for Alitalia stake
(DBN)

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Canada:

Canadian Distributor RPM's Bankruptcy Details $6.4M Debt to Major Labels
(DBN)

Bankruptcies In Canada’s Oil Industry Decline In 2018
(DBN)

Judgment could be a game-changer for subs in insolvency cases
(DBN)

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Venezuela:

Congress: No Intervention in Venezuela
(DBN)

Venezuela’s U.S. Lawyers Just Switched from Maduro to Guaido
(DBN)

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MENA:

Saudi court rejects AHAB's filing under bankruptcy law
(DBN)

Iran's Economy Down, but Collapse a Ways Off
(DBN)

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India:

Jet Airways Q3 loss widens Jet Airways trouble: Lessors of debt-laden airline may take back aircraft
(DBN)

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South Africa:

Parliament to schedule urgent debate on Eskom and energy crisis
(DBN)

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