February 28, 2019

The Daily Bankruptcy News

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Law:

Biglaw Firm Announces New Bonus Structure, And Associates Don’t Seem Happy
(DBN)

When Exactly Will These Biglaw Associates See Their Bonuses?
(DBN)

Artificial Deadlines Are One Of The Worst Parts About Working At A Law Firm
(DBN)

Florida Coastal and ABA ask court to dismiss accreditation lawsuit
(DBN)

Why So Tight-Lipped, Sullivan & Cromwell?
(DBN)

Partner Profits Pass $1M at Duane Morris as Growth Streak Continues
(DBN)

Sidley Austin Sees Revenue, Profits Surge in Standout Year
(DBN)

LeClairRyan Names New Practice Leaders as Revenue and Head Count Slide
(DBN)

Frost Brown Todd's Revenues and Profits Slip in FY2018
(DBN)

Profits Spike at Milbank as Firm Exceeds $1 Billion Revenue Mark
(DBN)

Brown Rudnick Names New CEO
(DBN)

Revenue, Partner Profits Hit New Highs at Paul Hastings
(DBN)

Thomson Reuters launches cloud-based tool ‘for lawyers by lawyers’ to assist firms in real time
(DBN)

This Biglaw Firm’s Elite Legal Roots
(DBN)

5 Habits to Develop Mental Toughness
(DBN)

Michael Cohen details the events that led him to turn on Trump The most shocking statements and allegations from Michael Cohen's bombshell congressional testimony Cohen Hearing Spotlights Role as Trump Lawyer, ‘Fixer’ and Whisperer Michael Cohen: I probably threatened people for Trump hundreds of times Michael Cohen’s Stunning Testimony About Trump The 8 biggest takeaways from Michael Cohen's blockbuster testimony against Trump Cohen's 6 Most Explosive Revelations Here’s a map of Michael Cohen’s connections in Trump’s world Lawmakers Attack Cohen’s Credibility During Testimony Former Trump lawyer Michael Cohen reveals the SDNY is investigating 'wrongdoing or illegal acts' by Trump that have not yet come to light Cohen brings Trump’s net worth statements to hearing. Here’s how to read them Trump Exaggerated His Wealth in Bid for Loan, Michael Cohen Tells Congress Alexandria Ocasio-Cortez and Ayanna Pressley cornered Michael Cohen with questions about Trump's taxes and foundation that could spell more trouble for the president Michael Cohen: I threatened Fordham to keep quiet about Trump’s SAT scores and grades "Liar, liar, pants on fire!": Republicans bring out posters to mock Michael Cohen during his congressional testimony Michael Cohen: Trump is "becoming an autocrat" GOP Attacked Cohen, Failed to Defend Trump Republicans can’t defend Trump against the substance of Cohen’s attacks Michael Cohen says Trump had him find a fake bidder for his portrait so that it would sell for more than any other at a charity auction — and then repaid the bidder from Trump Foundation coffers How Trump used charitable funds and a fake bidder to buy a portrait of himself ‘Shame on you, Mr. Jordan’: Michael Cohen snaps at Trump loyalist Jim Jordan during heated Congressional testimony Michael Cohen says Trump would ‘do what is necessary’ to win the presidency, including potentially colluding with a foreign power Michael Cohen: ‘I fear’ Trump won’t peacefully give up the White House if he loses the 2020 election Michael Cohen said Trump 'frequently' told him that Donald Trump Jr. has 'the worst judgment of anyone in the world' 'He is capable of behaving kindly, but he is not kind': Michael Cohen says he was 'mesmerized' by Trump Michael Cohen says Trump 'is a racist' who once asked him to 'name a country run by a black person that wasn't a s-------' Tlaib, Meadows, and Cummings have emotional exchange on racism and Trump late in Cohen hearing All the documents Michael Cohen brought to back up his House Oversight testimony
(DBN)

Cohen to Now Testify on Russia in Private
(DBN)

Trumpýs Morgan Lewis Tax Lawyer Faces House Scrutiny
(DBN)

Prosecutors are zeroing-in on the Trump inaugural committee amid mounting allegations of illegal activity D.C. attorney general subpoenas Trump's inaugural committee
(DBN)

Rep. Matt Gaetz faces Florida Bar probe because of tweet at ex-Trump lawyer Michael Cohen
(DBN)

Harvey Weinstein Trying To Hire A ‘Skirt’ Lawyer To Represent Him
(DBN)

House passes bill for universal background checks
(DBN)

Florida Bar asks for emergency suspension of lawyer for social media ‘attack of massive and continuous proportions’
(DBN)

Law Firm Mentoring Trip Heads To Amsterdam S-- Show
(DBN)

Budd Larner Tech Officer Bilked Law Firm for Nearly $1M, Prosecutors Charge
(DBN)

Man faces felony charge for . . .
(DBN)

Fox Loses $179M Case Over 'Bones' Profits
(DBN)

The mass graves of Tulsa
(DBN)

Lawyer unable to give judge full name of his mechanic after missing court date gets suspension
(DBN)

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Judges:

Lawyer and judge wife lose libel appeal over parking spot article
(DBN)

Chief Justice Roberts Joins Liberal Wing to Snub Alabama Court in Death Case
(DBN)

Federal judges participated in frat that flew Confederate flag
(DBN)

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Wall Street:

U.S. Futures Drop as North Korea Talks Collapse; 4Q GDP Ahead
(DBN)

Stocks close mostly lower Wednesday after uncertainty over trade unnerves investors
(DBN)

The U.S. stock market has now split into the ‘haves’ and ‘have nots’
(DBN)

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Layoffs:

Clothier Charlotte Russe to shutter SF headquarters: 162 employees to lose jobs
(DBN)

Apple lays off 190 employees from self-driving car unit: report Apple's Project Titan layoffs targeted engineers and project managers, it revealed in a filing
(DBN)

Disabled workers speak out as Walmart eliminates greeter jobs
(DBN)

Former Lordstown worker struggles with life after GM
(DBN)

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Autos:

Auto loan delinquencies rise as the cost of monthly payments hit record high
(DBN)

Elon Musk's erratic Twitter behavior escalated on Wednesday when he changed his name to 'Elon Tusk' Dear Elon Tusk: It's time to delete your Twitter Tesla faces a cash crunch with a $920 million debt payment due Friday
(DBN)

Detroit's Big Bet on China Now Looks Iffy
(DBN)

Pedestrian deaths hit 28-year high, and big vehicles and smartphones are to blame
(DBN)

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Retailing:

These Are the Retailers That Will Benefit From the Payless Bankruptcy
(DBN)

Steve Madden says the Payless bankruptcy is a headwind
(DBN)

Marshalls is making an unprecedented change to its business after long refusing to sell online
(DBN)

What Will Happen to All of the Vacant Sears/Kmart Boxes?
(DBN)

FTC Takes on Fake Amazon Reviews
(DBN)

JC Penney earnings, sales top estimates; to close 18 stores this year
(DBN)

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Cosmetics:

What happened to Julep: How a high-profile online beauty brand went from acquisition to bankruptcy in 2 years
(DBN)

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Aviation:

Judge OKs sale of jet connected to OneJet
(DBN)

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Awards:

Lorie Beers To Receive The 2019 M&A Advisor Leadership Award
(DBN)

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Furniture:

Triad company faces bankruptcy and layoffs if unable to find buyer
(DBN)

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Entertainment:

Union: ‘Bohemian Rhapsody’ Artists Unpaid Since Halo VFX Bankruptcy
(DBN)

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Healthcare:

Louisville: Area hospital to close, lay off 200 employees: report
(DBN)

Pharma CEO's Three Dumbest Claims in DC
(DBN)

Georgia's answer to surprise medical bills
(DBN)

Childbirth is more deadly for black mothers
(DBN)

Health care spending is more than just the parts you see
(DBN)

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Economy:

The US just got the latest sign manufacturing activity is slowing down
(DBN)

Fed Chair Powell says balance sheet decision market is waiting for is ‘close’ to happening
(DBN)

Why the Fed Backed Off
(DBN)

Treasury to run out of money in September unless Congress acts, CBO says
(DBN)

The Next Recession Will Show The Stark Reality Of The Retirement Crisis
(DBN)

Jerome Powell wades into the deficit debate
(DBN)

Ivanka Trump says AOC’s jobs guarantee isn’t ‘something most people want’—but roughly half do
(DBN)

China even stiffs tariff-free U.S. goods during Trump trade war Lighthizer says U.S. will abandon tariff hikes on $200B Chinese goods Not Ratifying NAFTA 2.0 a Catastrophe
(DBN)

Fourth quarter growth expected to fall back to slower trend, hit by trade
(DBN)

U.S. not in top 60 nations for equality for working women
(DBN)

Millennials Actually Have Way Less Debt Than Baby Boomers In Every Category Except Student Loans
(DBN)

Chemical Activity Barometer "Flat" in February
(DBN)

Having children makes people happier—if they can afford it.
(DBN)

The biggest winners of a minimum wage hike might not be who you think
(DBN)

FactCheck: WV's Workforce Participation Rate
(DBN)

Bill Gates: I’ve paid $10 billion in taxes. I should have paid more.
(DBN)

Trump's former chief economic adviser Gary Cohn is reportedly writing a memoir
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Zillow Case-Shiller Forecast: Smaller YoY House Price Gains in January
(DBN)

There are more homes on the market, but that’s not necessarily good news for buyers
(DBN)

NAR: Pending Home Sales Index Increased 4.6% in January
(DBN)

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

Spring housing market could be ‘coolest in recent years,’ Realtor.com says
(DBN)

Shutdown exacerbates December's U.S. home building decline
(DBN)

Palm Beach real estate: New plan would sell Palm House for nearly $40 million
(DBN)

The No. 1 thing buyers regret about purchasing their home
(DBN)

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Municipalities:

Puerto Rico governor challenges US Senate to cut red tape
(DBN)

Puerto Rico GO, Public Building Authority bondholders form group
(DBN)

Bankole: Puerto Rico, Detroit face similar economic issues
(DBN)

Opposition to Amazon HQ2 in Virginia is growing louder in the wake of its New York City defeat
(DBN)

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Politics:

Republican political operative at the center of the North Carolina ballot fraud scandal indicted on criminal charges
(DBN)

Congressman who deployed to the border criticized Wisconsin's governor for pulling National Guard troops, and the Guard is considering action against him
(DBN)

Trump calls North Korea's Kim Jong Un, who's threatened the US with nuclear war, a 'great leader'
(DBN)

Report: Beto O'Rourke to announce 2020 bid after ruling out Senate run
(DBN)

Kushner appears to have misled Congress about his clearance
(DBN)

Ivanka Trump doesn't understand work. No one in the Trump administration does.
(DBN)

Billionaire Tom Steyer will only support Democratic candidates who want to impeach Trump
(DBN)

Wilbur Ross: The Man Who Knows No Ethics
(DBN)

Trump says North Korea summit collapsed because Kim demanded total sanctions relief in exchange for just some nuclear sites Trump attacks 'terrible' Congress for holding embarrassing Cohen hearing in the middle of his collapsed North Korea summit South Korean stocks are getting pounded after the sudden breakdown of Trump and Kim's summit In a speech 2 months ago, Kim Jong Un hinted at military escalation if Trump doesn't give him the sanctions relief he demanded The White House was confident enough of a deal with Kim to schedule a signing ceremony, but had to abandon it when talks collapsed Trump agreed to nothing with North Korea — and completely defied the experts Summit Didn't Even Make It to Lunch
(DBN)

Trump predicts 'good shot' at achieving 'impossible' Middle East peace deal
(DBN)

Reporters asked Trump about Michael Cohen during the Kim summit — so he banned them
(DBN)

'I will take him at his word': Trump sides with North Korea and says Kim Jong Un had no idea Otto Warmbier was in 'horrible' condition Trump: Kim Jong Un Is a Super Well-Adjusted Dictator
(DBN)

The ‘stupid’ mistake by Donald Trump that led to the Michael Cohen hearings
(DBN)

Kris Kobach's Karma
(DBN)

GOP Rep.: ‘Republicans Would Be Going Nuts’ if Obama Had Declared Emergency to Bypass Congress
(DBN)

Judge: Entire NC Legislature is Illegitimate
(DBN)

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Distressed Investing:

Investors Beware: Dangerous Curve In High Yield
(DBN)

U.S. Speculative-Grade Default Rate (Non-Financial Companies vs. Energy) Since 2005
(DBN)

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Tax:

Want To Travel? IRS Warns U.S. Passports In Jeopardy If You Owe $52K In Taxes Individuals who need passports for imminent travel should contact IRS promptly to resolve tax debt
(DBN)

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Credit Reporting:

Credit reporting agencies face pressure from skeptical U.S. Congress
(DBN)

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Crypto:

New Pwc Report on Crypto Insolvency Captures the ICO Chaos
(DBN)

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Education:

A Chain of Schools Is Cut Off From Student Loans, Leaving Thousands in Limbo
(DBN)

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Coal:

Global financiers fleeing the coal sector, finds report
(DBN)

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Personal Finance:

Why does the early-retirement movement have so many haters?
(DBN)

One big reason to move your family out of certain cities — and fast
(DBN)

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Climate:

California Floods Swamp 2,000 Buildings
(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 (Temporarily Unavailable)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (33 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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Sales:

Liquor License Sales: Who Gets the Money?
(DBN)

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Bankruptcy Policy:

The curious persistence of Plan B (bankruptcy lite)
(DBN)

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Bankruptcy Crimes:

Federal Grand Jury Indicts Defendant On Bankruptcy Fraud Charges
(DBN)

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Telecoms:

Bankrupt company will continue rural Georgia internet service Windstream's Bankruptcy: An Amateur Recovery Calculation Uniti Confident Windstream Will Navigate Bankruptcy Gauntlet Firm's woes put brothers in spotlight
(DBN)

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Farming:

Fact-checking Tulsi Gabbard on farmers' bankruptcies, median income
(DBN)

America’s farmers are swimming in $409 billion of debt
(DBN)

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Electricity:

PG&E Bankruptcy Draws a Crowd of High-Price Help
(DBN)

PG&E delayed key power line safety overhaul, filings show; shares slip
(DBN)

Analyzing PG&E’s alleged role in California’s wildfires and its subsequent bankruptcy
(DBN)

‘Things are not going to get better for a long time’
(DBN)

Could PG&E bankruptcy halt biomass projects?
(DBN)

PG&E knew for years that repairs were needed on transmission lines in area of fatal Camp fire
(DBN)

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Religion:

Nebraska AG Subpoenas Church Abuse Docs
(DBN)

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Fraud:

Goldman Upgrades Potential 1MDB Fine To ‘World Of Pain’
(DBN)

16 books about the biggest business scams of our time — including Enron, Bernie Madoff, and Theranos
(DBN)

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Student Debt:

Public-interest lawyers who sued over student-loan forgiveness are one step closer
(DBN)

With Student Loan Debt At $1.5 Trillion, Some Are Looking For Career Paths That Avoid College
(DBN)

Saving For Retirement In Your 20s: The Effect Of Student Loans
(DBN)

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Finance:

Bondholder Protections Got Worse In January, but Mostly Because Better Companies Sold Debt
(DBN)

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UK:

Interserve sweetens offer to shareholders in bid to avoid collapse
(DBN)

Adjudication or winding-up bankruptcy?
(DBN)

Failed Lender Reaching ‘From Beyond The Grave,’ MPs Warn
(DBN)

Norway's $1 trillion sovereign wealth fund, the world's largest, is betting on the UK — regardless of how badly Brexit turns out
(DBN)

Will Brexit happen? Could Labour's support for a People's Vote stop Britain leaving? May Gets Two Weeks Brexit Reprieve CFOs Think It's a No-Deal Brexit Coming
(DBN)

Changing Priorities in UK Company Insolvencies
(DBN)

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EU:

Collective action clauses in the euro area: a law and economic analysis of the first five years
(DBN)

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PIIGS:

EU Blocks Cash to Greece Over Delays on Reforms Greece’s Creditors Threaten to Withhold First Post-Bailout Funding
(DBN)

Why the 1953 cancellation of German debt won’t be reproduced for Greece
(DBN)

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Canada:

Environmental Obligations Cannot be Ignored Even in Bankruptcy: Orphan Wells Association v Grant Thornton Ltd.
(DBN)

BC faces possible $90 million tab for one company's orphan wells
(DBN)

Improper Purpose by a Creditor? The Quebec Court of Appeal Weighs In
(DBN)

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China:

A Chinese government-owned company just defaulted on its debt. It's a worrying sign for the country's economy
(DBN)

Corruption Crackdown Snares Bankrupt Steelmaker’s Former Party Chief
(DBN)

China’s factory activity drops to lowest level in 3 years
(DBN)

Chinese households are feeling the strain as the economy cools and living costs rise
(DBN)

Investors bet on China beyond the trade war
(DBN)

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Bahamas:

Bahamian insolvency regime continues to promote judicial efficiency
(DBN)

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Bulgaria:

Bulgaria failing to reform insolvency framework, state-owned cos governance - EC
(DBN)

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MENA:

1100 people filed for bankruptcy in Saudi over 4 years
(DBN)

Pakistani PM says Indian pilot to be released Friday as peace gesture The recent spike in tensions between India and Pakistan, explained
(DBN)

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Venezuela:

Venezuela's Problem Isn't Socialism. It's Oil
(DBN)

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India:

The Insolvency and Bankruptcy Code at work
(DBN)

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