February 8, 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:

How Do Outside Counsel Make the Grade? Tips From an In-House Cost Cutter
(DBN)

That Moment When Your Law Firm Makes You Wish You Never Went To Law School
(DBN)

NY Lawyers Bemoan a 'New' Rudy Giuliani 'We Don't Understand'
(DBN)

The Trump tax cut surprise
(DBN)

AI & The Practice Of Law At The Crossroads: Where Are We Going?
(DBN)

'Future McGuireWoods Partner Denounced Blackface Yearbook Photos 39 Years Ago
(DBN)

Jeff Bezos Alleges American Media's Deputy General Counsel Attempted To Extort Him • Jeff Bezos says the National Enquirer’s owner threatened to release his “d--- pic,” so he described it himself • Ronan Farrow Says He's Received Blackmail Warnings from National Enquirer
(DBN)

Georgetown Heads to Nation's High Schools to Attract Diverse Lawyers
(DBN)

Elite Law School Names Woman Of Color As Their New Dean
(DBN)

Kavanaugh Hearing Attorneys Clash Again In Virginia Lt. Governor Case
(DBN)

Linklaters gags ex-marketing director over 'struggle with women'
(DBN)

As in-house counsel, your duty to protect your client is absolute. Even if they may not immediately appreciate it
(DBN)

Judge orders partial release of documents obtained in Cohen raid • Trump Fears Schiff Is Recruiting White House Employees for Probe •Dossier Source Had Contacts With Campaign: Report • Senate Intel Chair: No Trump-Russia Collusion • Schiff Hires Ex-NSC Aides for Trump Probe • Steele Dossier Still Dogs Trump
(DBN)

Acting AG Whitaker won't testify unless Dems drop subpoena threat • The showdown between Democrats and acting Attorney General Matthew Whitaker, explained • Through Whitaker, Trump officially declares war on House oversight • After back-and-forth, Matthew Whitaker agrees to testify before Congress on Friday
(DBN)

Senate Judiciary votes to advance AG nominee William Barr • Full Senate to vote on Trump attorney general nominee Barr • McConnell Says He Expects Barr to Be Confirmed Next Week
(DBN)

Family Separations Blasted by Both Parties
(DBN)

The new iPhone software update fixes the Group FaceTime bug that allowed people to eavesdrop on other people's iPhones
(DBN)

Wave of concussion lawsuits to test NCAA’s liability
(DBN)

Veterinarian smuggled heroin in puppies
(DBN)

FL: Madeira Beach commissioner resigns following face-licking allegations
(DBN)

Fake Lawyer Going To Very Real Jail
(DBN)

This man is trying to sue his parents for giving birth to him
(DBN)

Lawyer rows Atlantic with sons in record time
(DBN)

An online subculture celebrating the Charleston church shooter appears to be inspiring copycat plots
(DBN)

5th Circuit rejects Title VII coverage for transgender workers • Bipartisan bills introduced to thwart Trump's trans military ban
(DBN)

Freshfields partner 'slapped DJ and threatened to destroy his career'
(DBN)

The Strangest True-Crime Story Yet
(DBN)

Lawyer's short film picked up by Amazon for series
(DBN)

How true is Green Book?
(DBN)

______________

Judges:

Roberts Joins Liberal Wing to Block Louisiana Abortion Clinic Law • Supreme Court blocks Louisiana abortion law as John Roberts joins liberal justices in 5-4 ruling • The Supreme Court has blocked a Louisiana abortion law — for now • Kavanaugh Declares War on Roe v. Wade • Justices grant stay, block Louisiana abortion law from going into effect
(DBN)

Judge denies publishing of mistakenly released drowning death records of student
(DBN)

County judge spots moving courtroom camera, finds sheriff zooming in on defense papers
(DBN)

Chemerinsky: Supreme Court’s recent actions are telltale signs of its future direction
(DBN)

Third Circuit Strikes Down Partisan Balance Requirement
(DBN)

Dozens of Judicial Nominees Advance to Full Senate
(DBN)

______________

Wall Street:

U.S. stock futures lower as trade, growth worries continue to hang over investors
(DBN)

Asian markets drop on renewed worries over U.S.-China trade talks
(DBN)

Stocks close lower as U.S.-China trade war fears reignite
(DBN)

Wall Street’s ‘fear gauge’ for the stock market has clung to its highest level in 7 years, by one measure
(DBN)

______________

Layoffs:

SunTrust and BB&T use the "s" word
(DBN)

181 jobs to be cut at Saint Alphonsus hospital
(DBN)

CO: Kaiser announces 200 layoffs
(DBN)

The immorality of layoffs
(DBN)

Committee Approves Cryan-Pou ‘Toys R Us Bill’ To Better Protect Workers’ Rights
(DBN)

______________

Politics:

Government Watchdog: Wilbur Ross Should be investigated
(DBN)

The Millennial Era of Climate Politics Has Arrived
(DBN)

'NYT' Reporter Covering Trump: We've Almost 'Lost The Ability To Be Shocked'
(DBN)

Presidential Job Approval - Poll of Pools: Approve: 40.9% - Disapprove: 55.4%
(DBN)

Democrats speechless as scandal engulfs Virginia’s leaders • Northam surviving short term, long-term plans a mystery • Virginia black lawmakers call for probe into Fairfax allegations • Virginia Political Crisis Grows for All Parties • Blackface and MeToo crisis could put Virginia in play in 2020
(DBN)

Trump FactCheck: "The Dems and their committees are going ‘nuts.’ The Republicans never did this to President Obama."
(DBN)

Alexandria Ocasio-Cortez outlines legislation for a Green New Deal to turn the US carbon-neutral in 10 years • Pelosi calls Ocasio-Cortez’s ‘new deal’ climate plan a ‘green dream’ • Alexandria Ocasio-Cortez and Sen. Ed Markey's Green New Deal plan could force 2020 Democrats to take a stance on climate change • Pelosi turns nose up at Ocasio-Cortez's 'Green dream or whatever' carbon-neutral economy plan • Nancy Pelosi embraces the “enthusiasm” behind the Green New Deal
(DBN)

Alexandria Ocasio-Cortez says Nancy Pelosi is "doing a great job"
(DBN)

Trump's lifeline: Democrats' socialism surge
(DBN)

Cory Booker Is Damned If He Does, Damned If He Doesn’t
(DBN)

Warren Seeks Info on Trump Associates’ VA Involvement
(DBN)

'You gotta clap for that': Howard Schultz asks the audience to applaud him during a policy speech without much substance
(DBN)

Gallup Polling on 10 Key State of the Union Topics
(DBN)

Hotel that launched Trump to Manhattan fame to be torn down
(DBN)

______________

Travel:

Delta apologizes for creepy Diet Coke napkins on their flights
(DBN)

TSA: Record number of guns at airports in 2018
(DBN)

______________

Aviation:

Judge requests more information in OneJet case
(DBN)

______________

Gold:

Family behind Miami gold refinery raided coffers to fund ‘lavish lifestyle,’ lawsuit claims
(DBN)

______________

Crypto:

A previous suitor to the now-defunct Bitcoin exchange has a new plan to expedite creditor payouts
(DBN)

Canadian crypto firm says QuadrigaCX issues are a "stain" on the industry
(DBN)

‘GoxRising’ Movement Aims to Reboot Mt. Gox Exchange, Make ‘Gox Coin’ for Creditors • Newly Formed Gox Rising Created to Assist Mt. Gox Creditors • Famous VC Brock Pierce Unveils His Unbelievable Plan to Remedy Notorious Mt. Gox Theft
(DBN)

______________

Pensions:

NJ Gov Vetoes Bill, Says It Could Jeopardize State Pension
(DBN)

______________

Fraud:

Number Of Suspected Senior Scams Escalate, Government Says
(DBN)

______________

Corporate Governance:

Shareholder Inspection Rights: Delaware Supreme Court Clarifies When Emails Should Be Produced
(DBN)

______________


Economy:

Weekly Initial Unemployment Claims decreased to 234,000
(DBN)

The U.S. unemployment rate’s long and deep decline may have come to an end
(DBN)

Fed’s Bullard says interest-rate policy stance is now ‘a little bit restrictive’
(DBN)

U.S. consumer credit tops $4 trillion in December • Above $4 trillion for the first time
(DBN)

Subprime lender launches bonds with 100 percent-APR loans
(DBN)

Debt in America: History has taught us something
(DBN)

Foreign direct investment
(DBN)

Fed GDPNow (2/6): 2.7 percent • Economists boost fourth quarter growth closer to 3% as trade war hits imports
(DBN)

Guggenheim's Minerd Says Fed Pause Pushed Recession to Late 2020
(DBN)

Most See U.S. Economy as Slowing or Declining
(DBN)

Fact Check: The Best & Worst Presidents for Job Growth Since WWII
(DBN)

As earnings recession fears grip Wall Street, three experts weigh in on what’s next
(DBN)

This cocktail of risks could cause downturn to rival global financial crisis: Deutsche Bank
(DBN)

Pelosi predicts GOP leaders won't allow another shutdown • Top GOP immigration negotiator says a deal to avoid another shutdown could come by Monday • Trump lays out his demands for border deal to top Republican as shutdown deadline nears • National Emergency? Why Some Republicans May Vote Against Trump • Government workers still waiting for paychecks after end of shutdown • Trump is likely to sign any border deal. He’s planning to build a wall regardless • “We've Had Enough”: Native Americans And Environmentalists Are In A Last-Ditch Fight Over A Border Wall In Texas
(DBN)

Billionaires who hate Alexandria Ocasio-Cortez's 70% tax on the superrich are adamant it will hurt the economy — but history suggests otherwise • Billionaires Hate Alexandria Ocasio-Cortez's 70% Tax. Could It Help the Economy?
(DBN)

Dow drops 360 points after Larry Kudlow says U.S. and China still far away on trade deal • CEOs are Scrambling Over Tariffs, Trade Wars • 'Sizeable distance' remains in China trade talks: White House adviser • Trump is ‘highly unlikely’ to meet Chinese President Xi before March trade deadline • Trump expected to sign order banning Chinese telecom equipment from U.S. networks: report • Why China is so important to Buick’s survival
(DBN)

Ocasio-Cortez’s Green New Deal offers ‘economic security’ for those ‘unwilling to work’
(DBN)

Top Senate tax writer says GOP will not tweak state and local deduction limits
(DBN)

How Globalization Saved the World and Damned the West
(DBN)

People like the estate tax a whole lot more when they learn how wealth is distributed
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Americans are starting to feel better about buying homes — sort of
(DBN)

Mortgage rates fall on worries about global economy
(DBN)

Freddie Mac: Mortgage rates hit 10-month low
(DBN)

Russian-Style Kleptocracy Is Infiltrating America
(DBN)

America's equity-rich properties increase to record high
(DBN)

____________

Municipalities:

Cofina deal enshrined, even if Puerto Rico fiscal board declared null
(DBN)

Why some 2020 Democratic contenders are making Puerto Rico an early campaign stop
(DBN)

Once-Bankrupt Detroit Takes Step Toward Shedding Junk-Bond Grade
(DBN)

The winners? - Worst cities to live in America
(DBN)

Equitable Mootness Attacked in Jefferson County ‘Cert’ Petition
(DBN)

Why Mayors Keep Trying to Woo Business With Tax Breaks
(DBN)

Denver teachers planning first strike in 25 years
(DBN)

Could Mount Vernon face state intervention or bankruptcy?
(DBN)

______________

Oil/Gas:

Arsenal Says Holding Company Bankruptcy No Threat to Operations
(DBN)

The surprising next oil superpower
(DBN)

______________

Retailing:

KKR Wants Raises for Workers as Busted Retail Chain Shuts Stores
(DBN)

Eddie Lampert's deal to buy Sears granted approval, as retailer is given a second life • Lampert’s Deal for Sears Is Approved, but Judge Scolds Him in the Process • Judge approves Sears chairman’s $5.2bn bid • Sears shares surge as bankruptcy judge OKs Lampert bid • Controversial Sears rescue plan approved • Bankruptcy judge gives Sears another chance • Eddie Lampert reportedly wins court approval to buy Sears out of bankruptcy and save 45,000 jobs • Sears will live on under Chairman Edward Lampert, who ‘has nine lives, it seems’
(DBN)

Lampert found a key ally in 'hands-on' bankruptcy judge
(DBN)

Odds improve for Lampert's Sears bid • Eddie Lampert just cleared a big hurdle in his bid for Sears • Judge nears decision in Sears bankruptcy •The full letter Sears, Kmart employees sent to the judge about Lampert's bid
(DBN)

Sears gets out of bankruptcy alive
(DBN)

Sears’ extraordinary history: A timeline
(DBN)

Sears bankruptcy: Who will run the company if it survives?
(DBN)

U.S. Federal Pension Insurer Backs Eddie Lampert's Bid to Buy Sears
(DBN)

7 major retailers have filed for bankruptcy in 2019
(DBN)

The retail apocalypse was worse than we thought, but there's a silver lining
(DBN)

______________

Taxis:

Parsing the profit formula for robotaxis
(DBN)

______________

History:

Enactment of the Bankruptcy Code in 1978: A Short History
(DBN)

______________

Student Debt:

Here's the $1.5 Trillion Problem Trump Didn’t Even Mention During the State of the Union
(DBN)

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

______________

Festivals:

Fyre Festival Founder Billy McFarland Forged Documents To Scam $27.4 Million From Investors • Models And Influencers Who Promoted Disastrous Fyre Festival Being Subpoenaed Over Payments They Received
(DBN)

______________

Healthcare:

Medicare-for-all’s big problem
(DBN)

Why you have no idea how much a surgery really costs before you get it
(DBN)

FactCheck: Obamacare premiums "have gone up 160 percent in West Virginia in 4 yrs."
(DBN)

______________

Freight:

Amazon just quietly confirmed it is competing with UPS and FedEx
(DBN)

______________

Celebs:

Charlie Sheen Once Worth $150 Million Is Nearly Homeless
(DBN)

______________

Climate:

Bloomberg: PG&E bankruptcy is a wake-up call on financial risks of climate change
(DBN)

In shadow of Green New Deal, bipartisan bill takes direct aim at emissions
(DBN)

______________

Entertainment:

Why the Weinstein Company Bankruptcy Hurt Native Women
(DBN)

______________

Marijuana:

John Boehner announcing lobbying group for cannabis reform
(DBN)

______________

Education:

A threat to the future of graduate education
(DBN)

______________

Movie Theaters:

“Do We Want to Be in Business?” The Strange, Never-Ending Saga of MoviePass
(DBN)

______________

 
New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (14 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)

______________

Regulators:

Chapter 11 Shapeshifters
(DBN)

______________

Bankruptcy Statistics:

Medical problems contributed to 66.5% of all bankruptcies
(DBN)

Bankruptcy In 2019: What Companies Have Filed For Chapter 11 Protection?
(DBN)

Commercial Chapter 11 Filings Dip Slightly in January, Y/Y
(DBN)

______________

Impairment:

Bankruptcy Plan Does Not Impair Claims Through Code’s Disallowance Procedures
(DBN)

______________

Litigation:

Companies Oppose Proposed Rule to 'Confer' with Adversaries on Choice of Witnesses
(DBN)

______________

Standing:

Challenge of Secured Creditors’ Liens and Claims by a Plaintiff Without Court’s Prior Blessing and Grant of Standing Survives Defendants’ Motion for Summary Judgment
(DBN)

______________

Jurisdiction:

Third Circuit Further Refines Jurisdictional Parameters in Bankruptcy
(DBN)

______________

Discharge:

Computer financing operator’s contempt judgment exempt from discharge in bankruptcy case
(DBN)

Bankruptcy and Labor Law: Decision by Appeals Court Permits Debtor to Discharge an NLRB Fine in Bankruptcy
(DBN)

______________

Awards:

13th Annual Turnaround Award Winners
(DBN)

______________

Pharma:

Novum, best known for astronomical price hikes, files for bankruptcy
(DBN)

New Delaware Chapter 11 Filing – Avadel Specialty Pharmaceuticals, LLC
(DBN)

______________

Religion:

Duluth diocese settles with final insurer • Victims stand to receive more than $30 million from 5 settlements
(DBN)

______________

Mass Torts:

Survivors left with questions after USAG bankruptcy hearing • USA Gymnastics meeting called 'frustrating' • Nassar survivor on USA Gymnastics bankruptcy hearing: This was one big 'I don't know'
(DBN)

______________

Electricity:

PG&E may cut lights to any of its customers when wildfires blaze • To Prevent Wildfires, PG&E Proposes Many More Potential Shut-Offs
(DBN)

Federal Judge to Review PG&E's Wildfire Plan
(DBN)

PG&E Gets Burned For California Wildfires
(DBN)

PG&E’s Wildfire Plan Includes More Blackouts, More Tree Trimming and Higher Rates
(DBN)

PG&E must honor clean energy commitments
(DBN)

PG&E customers should have formal bankruptcy court status, consumer groups demand
(DBN)

San Francisco Explores Taking Over PG&E’s Local Electricity Assets
(DBN)

______________

Sovereigns:

Industrialized Nations Have Biggest Foreign Debt
(DBN)

______________

UK:

PwC “milking the cash cow dry” on Carillion, say MPs
(DBN)

Theresa May's demands to renegotiate Brexit deal rejected by EU • Theresa May's government fails to hire 1,000 new border workers to cope with Brexit • EU's Juncker, UK's May 'working together' to find Brexit solution • Lessons from history on the cost of a Brexit brain drain
(DBN)

No deal Brexit – impact on insolvency
(DBN)

Trustee in Bankruptcy Refused Vesting Order Over Disclaimed Assets
(DBN)

______________

EU:

EU growth will fall as trade wars take a toll • European shares fall as EU growth falters, earnings weigh
(DBN)

Here’s how the flagging European economy is raising fresh global growth fears
(DBN)

______________

PIIGS:

Bankruptcy claims fall in Spain in 2018
(DBN)

Greece: Huge reaction to gov’t blueprint on debtors' protection
(DBN)

Mountain of Crisis-Era Bad Debt Puts Brakes on Greece’s Rebound
(DBN)

Monte dei Paschi cuts forecasts in restructuring plan
(DBN)

______________

Canada:

Redwater Decision: Bankruptcy Not a License to Ignore Environmental Obligations
(DBN)

All’s “Well” That Ends “Well”
(DBN)

Hold the panic: Maybe Canadians aren’t facing a debt insolvency crisis after all
(DBN)

Mortgage and insolvency experts are seeing more struggling people
(DBN)

Canada securities watchdog says crypto firm Quadriga beyond its purview
(DBN)

______________

Venezuela:

Fitch thinks Venezuela will get worse before it gets better
(DBN)

Trump's Venezuela envoy to testify to US House panel amid crisis
(DBN)

“What the Hell Is Going On?” How a Tiny Cabal Galvanized Venezuela’s Opposition
(DBN)

______________

MENA:

The New Bankruptcy Law and its Effects in Egypt
(DBN)

UN inquiry faults Saudi officials for Khashoggi murder • Saudi crown prince suggested killing Khashoggi a year before his murder: report
(DBN)

______________

Belgium:

Is ECJ jurisprudence torpedoing Belgian insolvency law?
(DBN)

______________

India:

Insolvency Professional Under The Insolvency and Bankruptcy Code, 2016 – Duties And Extent of Liability
(DBN)

India's Poverty Paradox
(DBN)

______________

China:

China has actually been closing for business for the last decade
(DBN)

______________

Australia:

Lost At Sea: The Position On Claw-back Proceedings For Foreign Insolvency Proceedings That Have Been Recognized Under The Cross-border Insolvency Act.
(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 Daily Bankruptcy News on the web by clicking here.

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