February 20, 2019

The Daily Bankruptcy News

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Law:

LeClairRyan Sheds More Partners, This Time to Pepper Hamilton
(DBN)

Law School Graduates Are Really Nervous About Failing The February 2019 Bar Exam
(DBN)

Axiom makes initial filing with SEC to take company public
(DBN)

Guess Which Biglaw Firm Won The Former Congressman Lottery
(DBN)

Honestly… What’s The Bare Minimum LSAT Score You Need To Get Into Law School?
(DBN)

More CLOs Reporting Directly to CEOs, Boards
(DBN)

After Retrenchment, Cadwalader Reverses Revenue Slide and Boosts Profits
(DBN)

Lawyer who created digital child p--- as expert witness in criminal case owes $300K to women whose photos he used
(DBN)

Educating Associates In Finance And Accounting (And Offering Expert Witnesses Too)
(DBN)

Trump asked for recused official to lead investigation into hush payments: report • Intimidation, Pressure and Humiliation: Inside Trump’s Two-Year War on the Investigations Encircling Him • Roger Stone faces hearing after controversial Instagram post • Judge could revoke Roger Stone’s bond and send him to jail because of ‘crosshair’ Instagram post • McCabe: I told congressional leaders that the FBI was investigating Trump – and they didn’t object • Report: Trump asked Whitaker to appoint ally to lead Cohen probe • Michael Cohen plans to give America a peek into Trump Tower, and it's 'chilling,' says lawyer • Andrew McCabe Couldn't Believe the Things Trump Said About Putin • A bombshell new report about Trump's alleged interference with federal investigations 'raises serious questions' about whether Matthew Whitaker misled Congress, aides say • The White House plan to exploit Andrew McCabe's new book • The FBI reportedly had a backup plan to preserve evidence gathered in the Russia probe
(DBN)

Trump’s New Defense: Congress Can’t Investigate Because There Are Too Many Crimes
(DBN)

House Dems reveal new info on a shady White House plan to sell nuclear tech to Saudi Arabia • Trump aides ignored legal warnings in pushing reactor plan - Democratic report • House Panel Probes Trump Advisers’ Push for Saudi Nuclear Deal
(DBN)

Trump nominates Jeffrey Rosen for deputy attorney general, Rod Rosenstein will reportedly depart in March • Trump Poised to Name Former Kirkland Partner Rosen as Deputy AG
(DBN)

Report: Trump launching global effort to decriminalize homosexuality
(DBN)

People in local jails are still paying insane rates for phone calls
(DBN)

The US is raking in millions by selling World War II-era rifles to civilians
(DBN)

Paltrow's Fights with Harvey Weinstein
(DBN)

Jussie Smollett’s ‘Empire’ scenes cut after attack controversy • Smollett Gave False Information in '07 Case • Jussie Smollett Faces Prison, Career Ruin if He Lied About Attack • Hate crime or hoax? The drama behind the Jussie Smollett case, explained
(DBN)

San Diego Border Wall Construction Starts • Analysts: Trump May Have Case for Wall • Border agents offer snacks and medical checks to families arriving in U.S.
(DBN)

Anti-Semitic Attacks Fuel Continuing Rise in Hate Crimes in New York • France shaken by outbreak of anti-Semitic violence and abuse • Ukraine mall displays Nazi swastika • Thousands protest against anti-Semitism in France
(DBN)

Man charged with animal abuse thought dog was spying on him for police
(DBN)

Former DA’s fake Facebook page, intended to ‘snoop’ bath salt sales, cited in suspension
(DBN)

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Judges:

BK ED PA Closed For Weather
(DBN)

Roger Stone's Apology for 'Crosshairs' Instagram Post Wasn't Enough for Judge • Roger Stone apologizes to court for Instagram post with apparent crosshairs near judge’s head • Roger Stone’s bail may be revoked after his threatening Instagram post
(DBN)

Clarence Thomas Calls for Reconsidering Libel Standards As Supreme Court Rejects Cosby Case • Justice Thomas urges Supreme Court to reconsider landmark libel decision • Justice Thomas Wants The Court To ‘Reconsider’ Its First Amendment Jurisprudence
(DBN)

TMZ Catches Up With Justice Ruth Bader Ginsburg To Tell The World How She’s Feeling
(DBN)

A "view" from the courtroom: Back to the bench for Justice Ginsburg • Ruth Bader Ginsburg back on the bench eight weeks after lung-cancer surgery • Ginsburg smiles, speaks in clear voice in return to Supreme Court bench
(DBN)

For a second time, Supreme Court rules for Texas death-row inmate claiming intellectual disability
(DBN)

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Wall Street:

Dow futures point to slightly lower open amid US-China trade talks
(DBN)

Stocks close higher as defensive sectors lead
(DBN)

A drop in U.S. stocks may be fast and furious, according to Elliott Wave theory
(DBN)

The Dow Jones Industrial Average, at the current pace, is on track to hit 30,000 in April
(DBN)

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Layoffs:

Payless plans to close during its second bankruptcy, costing 16,000 workers their jobs
(DBN)

KGP Telecommunications Prepares To Lay Off 300 In Warsaw, Indiana
(DBN)

More than 1,000 workers to be laid off at Atlanta airport
(DBN)

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Retailing:

Here’s a map of where Payless ShoeSource is closing 2,500 stores • Payless ShoeSource Is Going Out of Business -- These 2 Competitors Will Be Winners • Payless Gets Approval From Bankruptcy Court to Start Closing U.S. Stores • Payless has filed for bankruptcy and is closing all of its stores. Here's how long you have to use a gift card or refund an item.
(DBN)

Amazon warehouse employees speak out about the ‘brutal’ reality of working during the holidays, when 60-hour weeks are mandatory and ambulance calls are common
(DBN)

Walmart isn’t seeing the consumer downturn that the December retail sales collapse suggested
(DBN)

Catalina officially restructures out of Chapter 11, names new C-level officer
(DBN)

Charlotte Russe could kick off closing sales next month at all of its remaining stores if it doesn’t find a buyer
(DBN)

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

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Religion:

"We bow our heads in shame": Catholic leaders admit errors in abuse cases • Catholic Religious Orders Apologize for Response to Abuse: 'We Want to Change'
(DBN)

Colorado attorney general launches third-party review of Catholic Church abuse in the state • Colorado AG, bishops announce joint-initiatives to help Catholic church abuse survivors
(DBN)

Vatican confirms secret Catholic Church guidelines for priests who father children
(DBN)

'The pope ignored them': Alleged abuse of deaf children on 2 continents points to Vatican failings
(DBN)

Shame and guilt haunt those who say Catholic clergy in Michigan abused them
(DBN)

The Lessons Southern Baptists Need to Learn
(DBN)

U.S. groups: Pope must sustain guilty verdict, defrock Guam's Apuron
(DBN)

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Politics:

Deutsche Bank Weighed Restructuring Trump Loans on Default Risk
(DBN)

Europe and the Trump administration have stopped pretending to respect each other • Trump Tariff Threat Leaves EU Looking for Plan B
(DBN)

Trump grows frustrated with Coats, leading some to fear he might be fired
(DBN)

Howard Schultz slams 'far-left activists' for 'forcing' Amazon to abandon its New York HQ2 plans
(DBN)

Barney Frank: Ocasio-Cortez’s Green New Deal ‘would be a loser’ for Democrats against Trump
(DBN)

Bernie Sanders explains how at 77 he expects to lead a diverse, young Democratic revolution • Bernie Sanders breaks Kamala Harris' Day 1 individual donations mark • Hillary Clinton backers aren’t happy about Bernie Sanders’s 2020 bid • Bernie Sanders Is the Democratic Front-Runner • New Gallup data shows a possible path to victory for Bernie Sanders • Bernie Sanders has made more than $1.75 million from book royalties since 2016 — here's what we know about his wealth and assets • Bernie Sanders and Democrats' age problem
(DBN)

Michelle Obama would be tied with Biden as frontrunner if she ran in 2020, poll shows
(DBN)

Elizabeth Warren is running for president as the wonky professor
(DBN)

Caught between Trump and the left, Democrats seek to avoid socialism squeeze
(DBN)

Beto O'Rourke keeps up the suspense ahead of expected 2020 election announcement • Why Beto O’Rourke could lose if he decides to run for president
(DBN)

Bernie Sanders announced he's running for president again, but there are 3 major challenges the Democrats will be facing heading into 2020
(DBN)

De Blasio Doesn’t Endorse Bernie Sanders as He Ponders Own Run
(DBN)

Record High Name Government as Most Important Problem
(DBN)

Covington Catholic High School student at the center of viral confrontation with Native American elder is suing The Washington Post for $250 million
(DBN)

Trump v. Newsom: Administration plans to cancel $929 million for California high-speed rail and wants state to return $2.5 billion • Trump administration to cancel nearly $1 billion in funding for California high-speed rail • Trump WH 'exploring every legal option' to reclaim money from defunct California high-speed rail project
(DBN)

Obama has no plans to endorse a Democratic presidential candidate for the 2020 primary, report says
(DBN)

Office of Government Ethics declines to certify Wilbur Ross financial disclosure report
(DBN)

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Education:

Kaiser's medical school rolls out free tuition for first 5 classes
(DBN)

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Gambling:

Caesars says continues to look at options after Icahn urges sale of company
(DBN)

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Economy:

Comments from Fed’s Mester show balance sheet decision may come as early as March • The next big market catalyst will be what the Fed says about its balance sheet this week
(DBN)

Fed's Mester says another rate hike in 2019 is possible
(DBN)

What Does the Rebound From the Great Recession Reveal About the Nature of the Next Slow-Down?
(DBN)

Some Dark Clouds on the Horizon for the U.S. Economy
(DBN)

US debt hits record under Trump, Republicans mum
(DBN)

Stock investors fear this Jekyll-and-Hyde economy as expansion grows longer in the tooth
(DBN)

Trump suggests trade-deal flexibility: March 1 tariff deadline is ‘not a magical date’ • Japan: No Tariffs During Trade Talks • Trump says China talks have gone 'very, very well' • U.S. tariffs on cars would unleash a global growth fallout, Moody’s says • Trump's trade war is prompting farmers to put off big ticket purchases, and it's another sign of the pain the tariffs are causing • New US tariffs on Chinese goods will be ‘catastrophic’ for global stocks: China media
(DBN)

Bernie Sanders is running for president — his policies would have a huge impact on big business • Presidential hopeful Bernie Sanders wants to reform Social Security — here’s how
(DBN)

What Elizabeth Warren is promising in her ‘Universal Child Care’ plan — and how she’ll fund it
(DBN)

Why investors should beware increasingly unforgiving debt markets
(DBN)

Four-day week: trial finds lower stress and increased productivity
(DBN)

Tax Refunds Are Up After All, For Now
(DBN)

Las Vegas: Convention Attendance and Visitor Traffic Declined Slightly in 2018
(DBN)

Karl Lagerfeld didn’t make his own bed, cook or even drive — and more Americans are following in his footsteps
(DBN)

The wage gap has narrowed for women over the past 20 years — but for others it’s only gotten worse
(DBN)

Trump policies are causing world to look to get around U.S. sanctions, ex-Treasury Secretary Lew says
(DBN)

States Where the Middle Class is Disappearing
(DBN)

Filthy rich, owing no taxes
(DBN)

Millennials are not like everybody else — here’s why
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Home builder confidence jumps in February to four-month high • NAHB: Builder Confidence Increases in February
(DBN)

Sacramento Housing in January: Sales Down 21% YoY, Active Inventory up 25% YoY
(DBN)

Lawler: Early Read on Existing Home Sales in January
(DBN)

Woodbridge Emerges from Bankruptcy; Targets Initial Cash Distribution By End of March
(DBN)

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Municipalities:

Cofina debt adjustment plan running into problems, challenged
(DBN)

West Virginia teachers go on strike for second straight year • West Virginia teachers are on strike again. Here’s why.
(DBN)

Sacramento teachers vote on whether to authorize strike
(DBN)

FBI raids Taylor City Hall, mayor's house in growing corruption probe
(DBN)

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Oil/Gas:

Trade wars like Trump's threaten U.S. oil and gas exports
(DBN)

Sale of oil leases on federal lands earns record $1.1B, encroaching on 'sensitive' areas
(DBN)

Oil dips after forecast for record US shale output
(DBN)

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Awards:

Paul Steven Singerman To Receive The 2019 M&A Advisor Lifetime Achievement Award
(DBN)

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Electricity:

PG&E shares jump 12% after Citi upgrades, says the stock could double despite bankruptcy • Citi Upgrades PG&E, Raises Price Target By 200%
(DBN)

PG&E Bankruptcy Update On Critical Issues Impacting Investors
(DBN)

Bond Raters Advise on Fix to California Law That Doomed PG&E
(DBN)

FirstEnergy made money in 2018 after cutting ties with bankrupt FirstEnergy Solutions
(DBN)

Risk modelers grapple with wildfire risk in wake of record losses
(DBN)

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Travel:

Las Vegas: Convention Attendance and Visitor Traffic Declined Slightly in 2018
(DBN)

Airplane seat cameras could be your new spy in the sky
(DBN)

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Entertainment:

In Race to Beat Netflix, Studios Give Up Billions In Profits
(DBN)

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Crypto:

‘Our Cash Went to Something’: Customers Hunt for Bankrupt Crypto Exchange’s Missing Millions
(DBN)

Quadriga dead or alive? Law firms jockey to represent cryptocurrency clients short millions
(DBN)

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Telecoms:

Distressed debt hedge fund Aurelius vindicated in Windstream case • Hedge Fund Aurelius Keeps War of Words Going Over Windstream • Windstream Market Cap Plummets Following Court Ruling
(DBN)

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Maritime:

Bankruptcy warning for container lines if they fail to pass on IMO 2020 costs
(DBN)

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Autos:

Despite court records, McDougal says he has no plans for RD mediation
(DBN)

How Scary Are Subprime Auto Loans? • Is a Subprime Auto Loan Crisis Brewing?
(DBN)

Governance panel opposed to Renault chairman being named Nissan head: sources
(DBN)

Elon Musk doubled down on a bold claim he made about how quickly Tesla vehicles will be able to drive themselves • Musk Hits Send Too Soon on Tesla Forecast, Revising Hours Later
(DBN)

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Marijuana:

Cannabis Industry Employees Face Risks When Crossing the U.S.-Canadian Border
(DBN)

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Debt Collection:

Ohio Law Firm Beats Class Status in Debt Collection Suit
(DBN)

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Aviation:

Southwest's stock drops after impact of shutdown was worse than expected
(DBN)

Southwest Cancels Flights Over Maintenance • Southwest suggests grounded planes tied to labor dispute
(DBN)

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Personal Finance:

How much should you tip housekeeping when you’re away from home?
(DBN)

This is how much 8 different emergencies may cost you — and you probably can’t afford them
(DBN)

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Freight:

Creditor writes off $50M loss due to Ormond company’s bankruptcy
(DBN)

New Delaware Chapter 11 Filing – Beavex Holding Corporation et al.
(DBN)

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Coal:

Glencore Brings the End of Thermal Coal a Step Closer
(DBN)

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Student Debt:

The Student Debt Trap: Why millennials are settling down later
(DBN)

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Delivery:

Atlanta-based express delivery service BeavEx files bankruptcy with at least $50M in liabilities
(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 (32 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (12 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:

Farm Bureau Analysis Shows 2018 Farm Bankruptcy Statistics
(DBN)

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SCOTUS:

Pending SCOTUS Cases On Bankruptcy
(DBN)

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Advisers:

McKinsey Agrees to Pay $15 Million to End Bankruptcy Probe • U.S. Trustee Program Reaches $15 million Settlement with McKinsey & Company to Remedy Inadequate Disclosures in Bankruptcy Cases • McKinsey Settles Alleged Bankruptcy Abuses • McKinsey agrees to pay $15M to settle bankruptcy abuse claims • McKinsey Will Return $15 Million in Fees Over Disclosure Failures • U.S., McKinsey & Co reach $15 million settlement over bankruptcy case disclosures • Alix-McKinsey Update
(DBN)

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Farming:

Five Tips to Remember When Negotiating with Ag Lenders
(DBN)

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Mediation:

Early Mediation is Effective in Bankruptcy — More So Than in Other Disputes
(DBN)

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Bankruptcy Rules:

How Do the Recent Rule Changes Affect You?
(DBN)

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Cross-Border:

The High Burden to Satisfy the “Manifestly Contrary to Public Policy” Standard of Chapter 15
(DBN)

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Prepayment:

Debt Restructuring: When Do Loan and Bond Prepayments Pay Off?
(DBN)

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IP:

SCOTUS to decide future of TM after licensor declares bankruptcy
(DBN)

Will the Supreme Court Clarify the Rights of Trademark Licensees Upon Rejection in Mission Product Holdings, Inc. v. Tempnology, LLC?
(DBN)

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Safe Harbors:

A step forward – the FirstEnergy Solutions court comes to the commonsense conclusion that steel forges aren’t “forward contract merchants”
(DBN)

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Chemicals:

ACETO Announces Proposed Bankruptcy Sale of its Chemicals Business Assets to New Mountain Capital for $338 million • Aceto In Deal To Sell Chemicals Unit For $338 Mln; Files Voluntary Chapter 11 • Summary: New Chapter 11 Bankruptcy Filing - Aceto Corporation
(DBN)

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Fraud:

Meet the wives whose husbands committed white-collar financial crimes
(DBN)

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Banking:

Danske ordered to shut branch at center of money laundering scandal
(DBN)

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Healthcare:

Families grieving a pregnancy loss hit especially hard by medical bills: ‘I wasn’t prepared at all’
(DBN)

Doctors go on trial to defend payments for bringing lucrative surgeries to controversial Dallas hospital
(DBN)

College student could die because she can't get copies of her medical records from defunct hospital
(DBN)

Leaders survey gives skilled nursing a tepid outlook
(DBN)

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Pharma:

New Jersey drugmaker files for bankruptcy
(DBN)

New Delaware Chapter 11 Filing – Pernix Sleep, Inc.
(DBN)

East Bay biotech with late-stage drug files for bankruptcy
(DBN)

End of the line looms for Aradigm as it files for bankruptcy
(DBN)

Pernix Therapeutics Holdings, Inc. Enters into Asset Purchase Agreement, Files Bankruptcy • Pernix files for bankruptcy; shares down 65% • Summary: New Chapter 11 Bankruptcy Filing - Pernix Therapeutics/Pernix Sleep Inc.
(DBN)

Study: FDA, drugmakers let opioid misuse slide
(DBN)

Ohio is fighting back against one of the nation's biggest PBMs
(DBN)

Oklahoma could provide first test of who will pay for the opioid crisis - and how much
(DBN)

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Celebs:

9 Famous People That Went Bankrupt Before They Were Rich
(DBN)

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Mass Torts:

USA Gymnastics names new CEO amid bankruptcy process, lawsuits • USA Gymnastics hires NBA exec Li Li Leung as new CEO • Nassar victims upset over new USA Gymnastics hire
(DBN)

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UK:

Ruthless credit card firms starved Flybe of £50m: Revelation comes as airline closes in on £2m rescue deal
(DBN)

BoE would pump in emergency money after no-deal Brexit, minister says
(DBN)

Why we should allow second-rate universities to go bankrupt
(DBN)

Three Conservative MPs quit party in protest at Theresa May's Brexit plans • Theresa May heads to Brussels in last-ditch bid to save her Brexit deal, as the EU rejects talk of a breakthrough
(DBN)

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EU:

A New Development on the CAC v. No-CAC Question in Euro Area Sovereign Bonds
(DBN)

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PIIGS:

Italy: New Bankruptcy Code
(DBN)

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Canada:

Bank owed $3.3M wants court to appoint receiver for Terra Nova Golf Resort
(DBN)

Payless to close 248 Canadian stores, saying it's ‘ill-equipped’ for market
(DBN)

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Russia:

The jailing of a US financier in Russia over an alleged $38 million fraud is spooking Western investors in the country • Michael Calvey's arrest sends message to foreign investors in Russia
(DBN)

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France:

France anti-Semitism: Jewish graves desecrated near Strasbourg • Enough! Thousands decry anti-Semitism in France after spike in attacks
(DBN)

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Germany:

European lawmakers say NordLB rescue may involve state aid, urge EU probe
(DBN)

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Turkey:

Turkey Facing Renewed Round of Debt Restructurings After Local Elections
(DBN)

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India:

India's top court finds Anil Ambani guilty of contempt in RCom-Ericsson case
(DBN)

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North Korea:

NKorea Faces Major Food Shortages
(DBN)

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