February 22, 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:

Yikes: Biglaw Firm’s New Bonus Policy Is Bad News For New Parents
(DBN)

The Reasonable Snooki Standard
(DBN)

Law School Without The LSAT? Another Law School Tests The GRE Waters
(DBN)

Milbank, 'Not a Wall Street Firm Anymore,' Takes New Name
(DBN)

Lawyer told prosecutor she ‘doesn’t know how to act like a young lady,’ ethics complaint says
(DBN)

Firings and lawsuits follow discovery of secret bugging devices at law firm; ‘It’s very John Grisham’
(DBN)

Kirkland & Ellis rated best for pay in UK • Magic Circle lawyers dish on their pay woes • Solicitors blast pay freezes and 'dumb' partners • Slater and Gordon voted worst for pay
(DBN)

Covington Surpasses $1 Billion in Revenue, Capping a Decade of Rapid Growth
(DBN)

The National Emergencies Act Makes No Goldurned Sense
(DBN)

Are Robots Coming For Lawyers? Not Until They Can Translate Legalese
(DBN)

Ex-Trump campaign boss Paul Manafort to be sentenced in Virginia federal case March 8 — days before DC case punishment • The 2 reasons why Paul Manafort would lie to prosecutors and risk life in prison • Robert Mueller’s “collusion” case so far, explained • Four Questions As the Mueller Report Looms • Trump's legal team braces for report, hasn't talked with special counsel in 'weeks' • Cohen visits Senate offices ahead of congressional testimony • Nunberg: Mueller Probe Impeachment Path • GOP Response to Mueller Breaks with History
(DBN)

Republicans condemn Cummings' "irresponsible" accusations against Trump lawyers
(DBN)

Katten Muchin Disqualified From 3 Appeals, Firm's Interpretation Of Engagement Agreement "Irrational"
(DBN)

Let’s Talk About Eating Disorders In The Legal Industry
(DBN)

IRS analyst charged with leaking Cohen bank records to Michael Avenatti
(DBN)

Trump's decision not to let a US woman who joined ISIS return is the wrong one — and a dangerous one
(DBN)

Hundreds of families are still being separated at the border • House Judiciary schedules hearing on Trump’s family separation policy • Emergency? Immigration, Drug Crimes Down
(DBN)

Fox considers its options after ‘Empire’ star Jussie Smollett is charged with faking attack • Jussie Smollett sent HIMSELF letter saying ‘you will die, black f--’ and exploited ‘pain of racism’ to boost his career with staged assault, cops say • Police: Scratches on Smollett’s Face Are Likely Self-Inflicted • Police say Jussie Smollett was unhappy with his reported $65,000 per episode salary on 'Empire' — here's how it stacks up against some of TV's biggest stars • Celebrities React to Jussie Smollett Arrest • Fox News’ Chris Wallace lectures viewers over blaming Smollett hoax on liberals • Jussie Smollett's 'Staged Attack': A Timeline Emerges • Chicago's Vast Camera System Trapped Jussie • Jussie Smollett Returns to ‘Empire’ Set as Fox Struggles to Decide His Fate
(DBN)

Unanimous Juries Could Be Next After Ginsburg’s Big Fines Ruling
(DBN)

Lawyers’ Duty to Google: Not Changing Anytime Soon
(DBN)

Judge rules prosecutors broke federal law in Jeffrey Epstein case • Judge says federal prosecutors, including Alex Acosta, broke the law in Jeffrey Epstein plea deal • Judge: Millionaire's Crimes Were Illegally Covered Up • Prosecutor Who Covered It Up is Now Labor Secretary
(DBN)

Innocence Project sues museum for access to archives on ‘tragically flawed’ bite-mark evidence
(DBN)

99% of website sign-up contracts are unreadable, study finds
(DBN)

Houston police will mostly end no-knock warrants after fatal drug raid, police chief says
(DBN)

Linklaters’ angry ex-director agrees to destroy documents
(DBN)

Cops tussle with prowler in gorilla costume after home break-in
(DBN)

______________

Judges:

Congress considering eliminating PACER fees
(DBN)

U.S. Bankruptcy Court for the District of Arizona Survey for Judge Daniel P. Collins
(DBN)

Judge hits Roger Stone with full gag order
(DBN)

RBG’s Words Are A Literal Work Of Art • An Artist Transforms This RBG Landmark Ruling Into Her Portrait
(DBN)

Bankruptcy Attorney Rebeka Seelinger Drops out of Race for Erie County Judge
(DBN)

______________

Wall Street:

Dow futures climb more than 100 points as US-China trade talks hopes build
(DBN)

Asian markets pull back, following Wall Street’s lead
(DBN)

Dow falls 103 points, Nasdaq snaps 8-day winning streak on weak economic data
(DBN)

Bad economic news is bad for the stock market again with the Fed already on hold
(DBN)

A trade deal may not be ‘priced in’ yet as study shows S&P 500 should be 11% higher
(DBN)

A prominent Wall Street permabear says the stock market is ‘stoned on free money’ and it could ‘prove fatal’
(DBN)

______________

Layoffs:

SocGen may cut thousands of jobs
(DBN)

Dakkota Integrated Systems to lay off 106
(DBN)

Nationwide Insurance to layoff 191 in Des Moines
(DBN)

Liberty Mutual restructuring to leave 136 jobless in New Castle
(DBN)

______________

Politics:

Putin says Russia is ready for another Cuban Missile Crisis if the US wants one and has the edge with a first strike
(DBN)

Kellyanne Conway’s husband: Who’s more credible, Trump or the New York Times? 93% of voters are on same page
(DBN)

Are Trump & Deutsche Bank Playing Chicken?
(DBN)

North Carolina GOP candidate denies knowledge of electoral fraud • North Carolina board calls for new election in disputed House race
(DBN)

2020 Democrats Embrace Race-Conscious Policies, Including Reparations
(DBN)

Democrats Embrace Tax-the-Rich Label After Years of Ducking It
(DBN)

Elizabeth Warren backs reparations for slavery: report
(DBN)

Trump's Golden State bad blood
(DBN)

Fact Check: Senator makes false national emergency claim about Obama
(DBN)

Florida Democrats rip Sanders over Venezuela comments • Sanders taps San Juan Mayor Carmen Yulín Cruz as campaign co-chair • Bernie Sanders Is Just What the 2020 Campaign Needs
(DBN)

Virginia Republicans push for 10-person probe of lieutenant governor
(DBN)

Tennessee governor apologizes for Confederate uniform in yearbook
(DBN)

200 U.S. troops to remain in Syria, White House says
(DBN)

Battle Over Obama Presidential Library
(DBN)

______________

Autos:

Tesla slumps after Consumer Reports says it will no longer recommend the Model 3 due to 'reliability issues' • Tesla customers describe maddening problems with returns and refunds
(DBN)

Ford investigates accuracy of its fuel economy, emissions data
(DBN)

Ghosn Billed $260,000 Party to Renault
(DBN)

GM CEO will not appear before Canada legislators on plant closure
(DBN)

______________

Waste:

'Moment of reckoning': US cities burn recyclables after China bans imports
(DBN)

______________

Retailing:

Samuels Jewelers Consignors Object to Sale of Goods • Samuels Jewelers Laundered Money in Indian Bank Fraud, Probe Finds
(DBN)

Neiman Marcus, debtholders reignite talks
(DBN)

In 2017, companies were scared of Amazon — here's what's happened to them since
(DBN)

Amazon faces challenge from Walmart, Target as other retailers go bankrupt
(DBN)

Payless Bankruptcy Spells Trouble for Vulnerable Malls
(DBN)

______________

Crypto:

Cryptocurrency Exchange Coinbin Declares Bankruptcy
(DBN)

______________


Economy:

Weekly Initial Unemployment Claims decreased to 216,000
(DBN)

Philly Fed Mfg "Weakened" in February
(DBN)

Trump's proposed car tariffs could trigger a global growth recession, BAML says • Trump hints at a softer stance on Huawei in a bizarre ‘6G’ tweet, as China trade talks resume • Tough going in trade talks; Trump set to meet China's top negotiator: report • The Dow Drops 104 Points Because Trade Talks Aren’t Enough • US Car Tariffs: Who Would be Most Affected?
(DBN)

Business investment dries up after Trump tariff tiff with China, global woes, shutdown
(DBN)

JP Morgan economists now see the economy growing at just 1.5% pace this quarter
(DBN)

5 Recession Warning Signs the Smart Money Is Watching
(DBN)

The job millennials want most pays $98,500—here are the other 9
(DBN)

The upper echelon is hoarding money and privilege to a degree not seen in decades. But that doesn’t make them happy at work
(DBN)

Latinos have become less likely to say there are too many immigrants in U.S.
(DBN)

Sorry Bernie, stock buybacks aren’t to blame for America’s rising income inequality
(DBN)

North Korean hackers could start stealing business secrets
(DBN)

Unemployed and living far away from jobs
(DBN)

How Predatory Banking Fees Are Zapping Our Wealth
(DBN)

Hotels: Occupancy Rate Increased Year-over-year
(DBN)

This group of Americans will most likely get the biggest tax refunds
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Home sales continue to get whacked, falling to a 3-year low, and an increase in mortgage delinquencies is looming • Slowest home sales in over three years could help buyers this spring • Existing Home Sales fall for 3rd Straight Month
(DBN)

NAR: Existing-Home Sales Decreased to 4.94 million in January • Comments on January Existing Home Sales
(DBN)

Freddie Mac: Mortgage rates fall for third consecutive week
(DBN)

Oregon set to become 1st state with mandatory rent controls
(DBN)

____________

Municipalities:

 

Following L.A., Oakland teachers strike for smaller classes and better pay
(DBN)

Unions call end to work stoppage at West Virginia schools
(DBN)

Philly Sues BofA, Wells Fargo, Others Over Bond Rates
(DBN)

______________

Oil/Gas:

Crude dragged lower as U.S. production hits record, equities dip • Oil To Rise As U.S., China Outline Trade Deal
(DBN)

______________

Festivals:

Why millennials should beware the Fyre Festival, fraud and failed ambition
(DBN)

______________

Electricity:

PG&E Seeks Declaratory Judgment Confirming Bankruptcy Court's Exclusive Jurisdiction to Determine Rejection of Power Purchase Agreements
(DBN)

PG&E bankruptcy sends water agencies looking for alternatives
(DBN)

San Francisco homeowners seek clarity from PG&E on gas plant cleanups
(DBN)

Senators seek debt-ridden Santee Cooper solution
(DBN)

______________

Newspapers:

The Senator vs. the Hedge Fund - Worried about layoffs and pension investments, Senator Charles Schumer called on Alden Global Capital for details about its interest in buying Gannett • Schumer questions hedge fund president over proposed Gannett purchase
(DBN)

Soured Pension Investments Spark Lawsuit Against Ex-Newspaper Owners
(DBN)

______________

Climate:

NOx
(DBN)

Time to Panic Over Global Warming?
(DBN)

______________

Fraud:

Former Enron CEO Jeffrey Skilling released from federal custody
(DBN)

FTC to law violators: Don’t bank on bankruptcy
(DBN)

Trumps Want Marketing Scam Suit Tossed
(DBN)

______________

Travel:

Advocates slam new Trump administration plan to fight assault on flights
(DBN)

______________

Food/Beverage:

Kraft Heinz slashes dividend, discloses SEC subpoena — stock tanks • Buffett's Kraft Heinz Loses Billions
(DBN)

______________

Personal Finance:

The next time you go anywhere, remember the $1 tip is dead
(DBN)

Want to retire, but can’t quite yet? Welcome to ‘barista FIRE’
(DBN)

______________

Healthcare:

North Philadelphia Health System emerges from bankruptcy
(DBN)

Medicare for All isn’t ‘radical,’ it’s popular
(DBN)

The tooth fairy is leaving less money under the pillow these days
(DBN)

______________

Apparel:

Ragged Mountain out of bankruptcy
(DBN)

______________

Footwear:

Nike's high-profile shoe fail costs $1.1 billion in stock value
(DBN)

______________

Tech:

TX: SA tech company files for bankruptcy over sales taxes dispute
(DBN)

______________

Labor:

In Wage Theft Fight, Ch. 11 Filing Was A "Grievous Tactical Error" - Workers Get Justice
(DBN)

______________

Coal:

Coal company’s bankruptcy heightens pressure on Green New Deal’s ‘just transition’ component
(DBN)

______________

Movies:

Netflix’s ‘Roma’ and much of this year’s Oscars contenders threaten to leave movie theaters behind
(DBN)

______________

Telecoms:

Dodging The Windstream Default Fallout • Why Uniti Group's Shares Fell as Much as 18% Today • Is a Windstream Bankruptcy Filing Imminent?
(DBN)

______________

Golf:

Judge officially ends former owner’s efforts to keep Club West
(DBN)

______________

 
New Bankruptcy Opinions
(9 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 (7 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)

______________

IP:

Mission Product: SCOTUS Appears Skeptical That Bankrupt Licensor’s Rejection of Trademark License Means Licensee Can’t Use the Mark
(DBN)

Canceling a TM License via Bankruptcy
(DBN)

SCOTUS examines TM licensing post-bankruptcy
(DBN)

Supreme Court Oral Argument In Tempnology Is Over And Here’s What We Learned
(DBN)

______________

Lien Stripping:

Dewsnup Needs to be Overturned: It’s Out of Touch and Based on a Bizarre Foundation (But U.S. Supreme Court Passes)
(DBN)

______________

Intercreditor:

Delaware Bankruptcy Court Intercreditor Decision Raises Claim Subordination Issues
(DBN)

______________

Avoidance Actions:

Third Circuit Holds Lawyer Liable for Fraudulent Transfer in Case Involving Millions in Unpaid Rent
(DBN)

______________

Ch. 13:

Take It to the Limit: Increase in Chapter 13 Debt Limits
(DBN)

______________

Miscellaneous:

Recent Developments in Bankruptcy • Windstream is “Too Cute by Half” and “Dewsnup” Lives!
(DBN)

Weil: Restructuring Focus on 2019
(DBN)

______________

Liquidated Damages:

Bankruptcy court rejects risk-shifting liquidated damages clause in equipment leases
(DBN)

______________

Pharma:

Richard Sackler endorsed plan to mislead about OxyContin's potency
(DBN)

Why is the US Overdose Death Rate So High?
(DBN)

______________

Gambling:

Caesars offers few clues on state of talks with Carl Icahn
(DBN)

______________

Religion:

The stunning scale of the global Catholic abuse crisis
(DBN)

An ‘apology’ is not ‘repentance’: responding to clergy abuse and other crises in American Christianity
(DBN)

Polish activists pull down statue of priest in abuse protest
(DBN)

Cupich Calls for New Legal Structure at Vatican Summit on Abuse
(DBN)

______________

UK:

U.K.’s answer to Warren Buffett stung by realtor’s share crash
(DBN)

Pensioner pretended he'd burned £80,000 insurance payout to avoid paying his debts
(DBN)

______________

EU:

Eurozone manufacturing slips into contraction — survey
(DBN)

______________

PIIGS:

ie: High Court: Personal Insolvency Practitioners not required to ‘work miracles’ to protect principal residences
(DBN)

UK driving licenses to be defunct in Ireland under no-deal Brexit
(DBN)

Creditors worried about delays in Greek reforms
(DBN)

Interview with Greece's Opposition Leader, Kyriakos Mitsotakis
(DBN)

Greek jewelery maker Folli aiming for creditors deal 'within days'
(DBN)

______________

Canada:

Scandal swirls around Canada's Justin Trudeau
(DBN)

ABQB Clarifies Test for Lifting the Stay to Replace an Insolvent Operator
(DBN)

______________

India:

Corporate Insolvency and the Creditor-Guarantor Dilemma
(DBN)

Jet Airways shareholders said to have approved bailout plan
(DBN)

The wider implications of sending debtors to jail
(DBN)

______________

China:

How China’s Economic Slowdown Is Rippling Around the Region
(DBN)

The US keeps demanding that China do something with the yuan that China wants to do anyway
(DBN)

______________

Australia:

Sweet disposition: Court validates dispositions of company property made after the commencement of a winding up
(DBN)

______________

Germany:

German business sentiment hits 4-year low
(DBN)

German economy narrowly avoids recession
(DBN)

______________

France:

France Restructuring Review
(DBN)

______________

Venezuela:

‘Everyone is afraid’: Venezuela’s opposition prepares for aid showdown against Maduro
(DBN)

How Trump's crackdown on Venezuela could start to bite at home
(DBN)

______________

Japan:

Jim Rogers warns of severe economic downturn and forecasts grim future for Japan
(DBN)

______________

Netherlands:

Dutch toy store chain Intertoys declared bankrupt
(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 most recent edition of The Daily Bankruptcy News on the web at BKInformation.com.

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