January 25, 2019

The Daily Bankruptcy News

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Law:

Job-seeking lawyer loses age discrimination case before full 7th Circuit
(DBN)

Biglaw Firm Battling A Gender Discrimination Lawsuit Will Have To Fight On A New Front
(DBN)

Ogletree Faces Sex Bias Claims in California Court
(DBN)

Shock. Shock. A Lawyer Who Inflates Billables!
(DBN)

Shutdown Imperils DC Bar Exam, Swearing-in Postponed
(DBN)

The Big Three Annual Reports: Thomson-Reuters/Georgetown
(DBN)

Weil Fees in Sears Bankruptcy Shine Light on Big Billers: The Paralegals
(DBN)

Latham & Watkins charges client $40,000 a month for “secretarial services”
(DBN)

10 law firms that made the most money lobbying in 2018
(DBN)

Miami bankruptcy law firm expands to Tampa, opens new downtown office
(DBN)

An expert way to get your CEO to sign off on hiring a Biglaw firm as outside counsel
(DBN)

Should the ABA change bar passage standards for law schools?
(DBN)

ABA To Again Consider 75% Within 2 Years Bar Passage Accreditation Standard Opposed By Diversity Advocates, Some California Law Schools
(DBN)

Law School GPA Is A Much Better Predictor Of Bar Passage Than LSAT Or UGPA
(DBN)

26% Of Law Students Pay Full Tuition, Down From 53% In 2011
(DBN)

The Loan Repayment Assistance Programs Arms Race Among Elite Law Schools
(DBN)

How U.S. News Distorts Law School Admissions
(DBN)

This Law School’s Graduates Have Their Debt Game In Check
(DBN)

Biglaw Firm Hit With $500 Million Malpractice Suit
(DBN)

Representing Family Businesses in Financial Stress
(DBN)

For plaintiffs' lawyers Mark Lanier and Jayne Conroy, Pinnacle retrial is a family affair
(DBN)

Jones Day publicly demotes London partners
(DBN)

I, For One, Welcome Our New Robot Lawyer Overlords
(DBN)

Legal Technology Desperately Needs Another Public Scandal
(DBN)

What Do Millennial Lawyers Actually Think?
(DBN)

The best way to encourage a young lawyer’s partnership aspirations
(DBN)

Revealed: The law firms with the best social life — 2019 edition
(DBN)

Michael Cohen subpoenaed by Senate Intel Committee • Former Trump lawyer Michael Cohen will comply with Senate subpoena, says adviser Lanny Davis • DOJ veterans say Trump and Giuliani's recent attacks against Cohen could rise to the level of criminal conduct • “It Is a High-Wire Act”: D.O.J. Vets Have Theories About Mueller’s Message to BuzzFeed • Suit Yourself: Judge Gives Paul Manafort the Only Thing He Ever Wanted • Stepson of target in Russia probe testifies to grand jury • Roger Stone Arranged Infowars Job for Jerome Corsi • Trump associate Roger Stone arrested on 7 counts, Mueller's special counsel says • FBI arrests Roger Stone • Read the Indictment: Trump Ally Roger Stone Charged in Mueller Case
(DBN)

U.S. officials to start pushing asylum seekers back across the border • The US will begin returning asylum seekers to Mexico on Friday
(DBN)

Sisters Commit Suicide After Reportedly Seeking Asylum
(DBN)

The Trump administration has lost more than 90 percent of its court battles over deregulation
(DBN)

Two of Harvey Weinstein’s new lawyers once represented one of his accusers in criminal case
(DBN)

All of the extremist killings in the US in 2018 had links to right-wing extremism, according to new report
(DBN)

New York Convicted a White Supremacist as a Terrorist for the First Time
(DBN)

Truck drivers may be able to carry concealed handguns across state lines, thanks to bills in the House and Senate
(DBN)

Drunken man takes wrong Lyft and tries to get into somebody else’s home
(DBN)

Lawyer accused of murder solicitation says jealousy motivated charges against him
(DBN)

‘The Defenders’ is a legal classic: Why has it been hidden away?
(DBN)

Lawyerly Lairs: Biglaw Name Partner Lists Longtime Home — For $4 Million
(DBN)

Feds Seek Nearly 7 Years For Former Fugitive Attorney
(DBN)

Hogan Lovells p--- partner leaves the firm
(DBN)

Militia Admits Guilt in Mosque Bombing
(DBN)

Man Chops Up His Own Home When He Thinks His Wife Damaged His Action Figures
(DBN)

The Trump Administration Will Let Adoption Agencies Turn Away Jews and Same-Sex Couples. Thank SCOTUS
(DBN)

Oregon Man Sentenced to 20 Months for . . .
(DBN)

Jayme Closs to Receive Reward Money Offered for Her Safe Return Because She Freed Herself
(DBN)

Virginia House Kills ERA Amendment for 2019
(DBN)

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Judges:

BK MD FL: Court Connection Newsletter
(DBN)

BK ED NY Plans To Stay Open
(DBN)

Lesson From The Shutdown: Court Budgets
(DBN)

Boies Cautions Against Corrosion of Judicial Independence
(DBN)

Trump Drops Obama Picks, N.Y., Calif. Names From Judges List
(DBN)

NJ Judge Suspended For Secretly Recording Boss Meetings
(DBN)

Study: Trump’s judicial appointees are more conservative than those of past Republican presidents
(DBN)

Federal Prosecutors Lose Bid to Recuse Judge Who Made Demeaning Remarks
(DBN)

Judge: Federal Courts Need A 'Rooney Rule' For Law Clerk Hiring
(DBN)

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Wall Street:

U.S. stock futures point to another upbeat day for Wall Street, led by techs
(DBN)

Stocks close mostly higher as investors weigh solid earnings against slowing global growth •
(DBN)

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Layoffs:

AI is set to replace 36 million U.S. workers • Chefs and truck drivers beware: AI coming for jobs • Automation is set to hit the heartland the hardest — again
(DBN)

When the next recession comes, the robots will be ready
(DBN)

How check-out free retail could save U.S. consumers 118 hours per year
(DBN)

Texas Health Resources lays off hundreds
(DBN)

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Electricity:

PG&E says it might have to quintuple rates if it’s forced to clear trees and inspect electric grid
(DBN)

PG&E soars after a California investigation cleared it from causing the state's 2nd-most destructive wildfire • Investigators clear PG&E of blame for deadly Tubbs wildfire • California Investigation Finds PG&E Blameless In Massive 2017 Wine Region Wildfire • Experts: PG&E bankruptcy likely despite positive fire report • PG&E cleared of liability in major 2017 fire, bankruptcy still seen • Cal Fire clears PG&E for deadly Tubbs Fire, but utility still faces uncertainty over other blazes • Tubbs Fire victims' lawyers still going after PG&E: 'We're not giving up' • PG&E's Exoneration From Deadly Fire Seen as Too Little, Too Late • PG&E Cleared of 2017 Fire But Lone Bull Still Sees Distress
(DBN)

PG&E roundtable talks wildfire claims estimation, PPA rejection, regulators
(DBN)

Into the Void (Again): PG&E Intends to Enter Bankruptcy Proceedings - Possible Consequences for Renewable PPAs
(DBN)

Hedge fund prepares proxy fight to oust embattled PG&E's board • Hedge fund wants to replace PG&E board amid bankruptcy concerns • PG&E’s Latest Blow: A Call to Replace Its Entire Board
(DBN)

PG&E's Lone Bull Isn't Looking So Lonely Right About Now
(DBN)

Gov. Newsom said bankruptcy filing up to PG&E
(DBN)

PG&E May Sell California Assets Nobody Will Want in 20 Years
(DBN)

Timely trade in PG&E Corp options reaps millions
(DBN)

PG&E hasn’t run out of money. So why is it planning to file for bankruptcy?
(DBN)

CA: Electricity Prices Could Jump 500%
(DBN)

PG&E bankruptcy not ideal on inverse condemnation outlook, Citi says
(DBN)

For Some Traders, PG&E Clearance Could Mean $5.6 Million Jackpot
(DBN)

FirstEnergy unlikely to sell power plants
(DBN)

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Distressed Investing:

Leveraged loans are in uncharted territory and that’s a big risk, Moody’s says
(DBN)

Emerging-Market Junk Bonds Looking Good? Think Again
(DBN)

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Personal Finance:

Some parents are putting their foot down on paying for college
(DBN)

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Economy:

Weekly Initial Unemployment Claims decreased to 199,000, Lowest since 1969
(DBN)

Kudlow suggests Trump seeks like-minded nominees for Fed
(DBN)

The Fed may be moving closer to ending its rally-killing balance sheet reduction
(DBN)

U.S. leading indicators drop 0.1% in December in sign of slower economy
(DBN)

Kansas City Fed: Regional Manufacturing Activity "Continued to Grow Modestly" in January, Negative Impact from Shutdown
(DBN)

US economy now growing at less than 2 percent due to government shutdown, JP Morgan says
(DBN)

Most Americans who earn $90,000 a year say they don’t consider themselves rich
(DBN)

Billionaire hedge-fund manager Seth Klarman's 5 biggest warnings about the economy
(DBN)

Billionaire investor Jim Coulter: The economy is like a frat party at 4 a.m. — late but not over
(DBN)

Legendary billionaire Ray Dalio told a crowd at Davos that the next economic meltdown scared him more than anything — here's what he said, and why he's so worried
(DBN)

U.S. businesses grow at modest pace in January, IHS Markit flash PMIs show
(DBN)

Trump’s tariffs didn’t bring back all those factory jobs he promised
(DBN)

As Credit Card Debt Grows, More Americans Inch Toward Maxing Out Cards
(DBN)

Commerce Secretary Wilbur Ross: The US is still 'miles and miles' from a China trade deal • Former top economic adviser Gary Cohn says U.S. is still 'open for business' in spite of Trump tariffs • Here's what it means if no deal is reached • Tariffs force tough choices in Louisiana as farmers leave soybeans in fields to rot • China Bought No US Oil in December
(DBN)

Wilbur Ross doesn't "understand" why federal workers need food banks • Trump Will Back Potential Schumer-McConnell Deal • Lara Trump to those struggling through shutdown: This is much bigger than you • White House makes increasingly disastrous attempts to spin the shutdown • Trump Doesn't Understand How Grocery Stores Work • 2.2 Million Homes 'At Risk' of Eviction Due to Shutdown • New poll shows a vast majority of Americans blame President Trump for shutdown • A record 35,000 federal workers have filed for unemployment this month • White House preparing draft national emergency order, has identified $7 billion for wall • U.S. government shutdown may yield a recession: Scaramucci • Protecting Unpaid Federal Employees Would Be a Home Run for Accountability • 15 million low-income households will have a lapse in food benefits because of the government shutdown • Dueling Senate bills are set to fail as the record-long government shutdown hits its 34th day • Senators want to end the shutdown. They just don’t know how. • Cracks In The Wall: The Senate didn't pass either bill to end the government shutdown, but the Democrats' bill got more votes than the Trump-backed one • White House demands ‘large down payment on the wall’ as Schumer and McConnell try to reach shutdown deal • Pelosi: No Dem counteroffer on border security • How Trump and the Democrats can end the government shutdown stalemate, according to 2 union negotiation experts • Cory Gardner will vote to reopen government without wall funding • Morgan Stanley CEO says it is ‘extremely negative’ if the government shutdown goes on • Some furloughed government workers are facing bills for health costs normally covered by insurance • NASA Johnson Space Center asks workers to clean bathrooms during shutdown • Small businesses feel the shutdown pain • The hidden costs of the government shutdown • The US government shutdown is threatening the rollout of new car models for multiple automakers • Trump's former chief of staff John Kelly tells president and Congress to end the government shutdown • Stock market could feel drag from shutdown by next week, analysts warn • Southwest CEO Gary Kelly says the government shutdown is ‘maddening’ • The $5.7 billion Trump wants for the border wall won't solve the real problem • Trump: Border Wall Is 'Very Important to Me' • USPTO says shutdown could halt patent operations in February • ‘We’ll never see that money back’ — how small business owners can recover from the shutdown • Bill would protect federal workers in Nevada • National Do Not Call Registry offline until shutdown resolved
(DBN)

‘Nobody knows anything’: World economy goes Hollywood
(DBN)

Elizabeth Warren set for "wealth tax" on richest Americans • 2020 candidate Elizabeth Warren proposes ‘ultra-millionaire’ tax • How a wealth tax would work in the United States • Elizabeth Warren’s proposed tax on enormous fortunes, explained
(DBN)

Wall Street heavyweights set the record straight on the proposed 70% super-rich tax they say is wildly misunderstood
(DBN)

What people at every income level from $21,000 to $266,000 will have to pay in taxes this year
(DBN)

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

Mapping the Uneven Effects of the Next Automation Wave
(DBN)

LA area Port Traffic in December; Imports Up YoY, Exports Down
(DBN)

Billionaire investor George Soros just went scorched Earth on China during his annual Davos speech
(DBN)

Davos forum hits turbulence over CEOs' private jets
(DBN)

Davos Elites Fear They're on a Toboggan Ride to Hell
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Homeowners are thinking twice about remodeling
(DBN)

Zillow: Home value appreciation slows nationwide
(DBN)

WH to Overhaul Housing Finance System
(DBN)

10 Companies Charged For Unlawfully Selling Woodbridge Group Securities
(DBN)

Leaving the front door open: Millions of mortgage docs exposed online • Massive data breach involving millions of mortgage documents just got much worse
(DBN)

AR: In developer's case, judge to decide if seal left on filing
(DBN)

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Municipalities:

Puerto Rico suspends electricity, water bills for federal workers affected by shutdown
(DBN)

Bondholders face a greater likelihood of haircuts
(DBN)

Move Over, Iowa. 2020 Dems Are Flocking to Puerto Rico
(DBN)

What you need to know about Elizabeth Warren’s positions on Puerto Rico
(DBN)

Los Angeles and Other Cities Stash Money to Prepare for a Recession
(DBN)

Whitmer questions state aid for Flint legal defenses
(DBN)

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Oil/Gas:

Bankrupt gas company to be offered at auction
(DBN)

The Ford F-150, America’s most American pickup truck, is going electric
(DBN)

Shale Pioneer Hamm: Output Growth Could Fall By 50%
(DBN)

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Retailing:

Holiday heartbreak for retailers
(DBN)

Ex-Sears CEO: Embattled chain probably won’t survive if retail bankruptcy history is any guide
(DBN)

Creditors Say Edward Lampert Reaped Billions but Left Sears Insolvent • Sears’ creditors level blistering charges against Lampert in report
(DBN)

Sears bankruptcy lawyers and paralegals billed $10 million in one month
(DBN)

Sears, ESL and the ins & outs of credit bidding
(DBN)

Briggs & Stratton anticipates $30 million hit in fiscal 2019 from Sears
(DBN)

Walmart and Macy’s are diverging, and the gap could get even worse
(DBN)

Things Remembered to file for bankruptcy, close up to 400 stores
(DBN)

Oklahoma boutique files for bankruptcy while hundreds of customers wait for orders
(DBN)

Deal or no deal, Sears' challenges will boost Macy's, J.C. Penney and Dillard's business
(DBN)

Is Beauty Brands washed up?
(DBN)

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Hotels:

South Florida hotel operator files bankruptcy to stay eviction
(DBN)

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Awards:

Henry Sommer Comments at the Calvin Ashland Award Dinner
(DBN)

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Politics:

The U.S. Public’s 2019 Policy Priorities
(DBN)

Don’t criticize Trump — we need him, Dutch prime minister says
(DBN)

White House official overruled rejection of Jared Kushner's security clearance: report
(DBN)

‘Make-believe’ lawmaker Lindsey Graham burned to the ground by George Will for sucking up to Trump
(DBN)

Florida secretary of state resigns after photos reveal he wore blackface
(DBN)

Cuomo signs bills rolling back New York's restrictive voting laws
(DBN)

Elizabeth Warren to propose new ‘wealth tax’ as 2020 race heats up
(DBN)

Mitch McConnell may pay a political price for enabling Trump
(DBN)

Why the 2020 Democratic primary could turn into 'Lord of the Flies'
(DBN)

Trump Neglects to Implement Required Russia Sanctions
(DBN)

Joni Ernst: My Husband Attacked Me
(DBN)

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Guns:

Guns and corsets: Firearms industry strikes gold marketing to women
(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 (11 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (5 new filings today)
(DBN)5

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 Reform:

Why does the bankruptcy code discriminate against disabled veterans?
(DBN)

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Cross-Border:

UNCITRAL draft Model Law on Enterprise Group Insolvency
(DBN)

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Advisers:

Notice of Appearance: Ted Gavin, Managing Director & Founding Partner of Gavin/Solmonese
(DBN)

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Litigation:

Girardi Keese Partner Bucks Back Against Alleged $15M Debt to 'Miserable, Rotten' Litigation Funder
(DBN)

Splitting Hairs Over Trial Themes
(DBN)

Court Rejects Privilege for “Reserve Amount” Set by In-House Claims Counsel
(DBN)

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Climate:

PG&E Is Just The First Of Many Climate Change Bankruptcies
(DBN)

Billionaire Miami Beach Developer Dismisses Rising Sea Levels as ‘Paranoia’
(DBN)

2018 was the 4th-hottest year on record as global warming marches on
(DBN)

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Corporate Reform:

Maxine Waters planning to grill big banks on Hill
(DBN)

Schiff, Waters plan joint Deutsche Bank investigation
(DBN)

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Food/Beverage:

Judge orders Sam Kane employees to be paid despite bankruptcy filing
(DBN)

Employees react to Sam Kane bankruptcy
(DBN)

Bankruptcy court OKs Papa Gino’s and D’Angelo $20M sale
(DBN)

Why you won’t be able to buy the iconic Valentine’s Day candy Sweethearts for the first time in 153 years
(DBN)

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Hotels:

Charleston hotel company files for bankruptcy
(DBN)

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Healthcare:

Kentucky health plan may be insolvent by mid-2019, CEO says
(DBN)

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Coal:

Chapter 11 “Reorganization” Used to Shed Retiree Health Benefit Obligations Required Under the Coal Act
(DBN)

No bids to buy mines in Montana, Wyoming from bankrupt coal company
(DBN)

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Celebs:

3-time Oscar nominee Lady Gaga went bankrupt and was $3 million in debt after her Monster Ball tour
(DBN)

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Farming:

Are retail prices destroying the dairy industry?
(DBN)

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Fraud:

Madoff Ponzi Scheme: 10 Years Later
(DBN)

The mysterious story of former Theranos president Sunny Balwani, who former employees saw as an 'enforcer' and now faces criminal charges of wire fraud
(DBN)

Suspected Cases of Senior Financial Abuse Have Doubled over Past 5 Years
(DBN)

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Student Debt:

This New Student Loan Employment Benefit Is Making Waves
(DBN)

Can Student Loan Debt Explain Low Homeownership Rates for Young Adults?
(DBN)

"Rural Brain Drain": Examining Millennial Migration Patterns and Student Loan Debt
(DBN)

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Debt Collection:

Nation's largest debt buyer reaches $6 million settlement with 42 states
(DBN)

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Aviation:

Potential OneJet creditors may get more time to file claims
(DBN)

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Taxis:

Shaky Taxi Industry Saw Foreclosures Spike Tenfold Last Year
(DBN)

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UK:

Brexit: Jaguar Land Rover extends shutdown over no-deal fears • Airbus threatens UK departure from Brexit 'disgrace' • Bank of America: Brexit Britain should expect disruption • Queen sends Brexit message to UK politicians — end your bickering • Goldman boss says ‘difficult’ Brexit will impact U.K. jobs and investment • The Bane of the Brexiteers • UK Begins Stockpiling for Brexit Apocalypse
(DBN)

America, the Savior of English Soccer? Don’t Laugh
(DBN)

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EU:

Brexit will change the European Union, but it won't have the massive impact that some people think
(DBN)

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Venezuela:

Venezuela at crossroads as world leaders split on presidential support • Trump Leads Allied Approach to Venezuela Crisis • U.S. Defies Venezuela�’s Maduro as Russia Steps In • The Trump-Maduro staredown • US Orders Most Diplomatic Staff Out of Venezuela • Trump v Maduro: All Options are on the Table • Why Maduro? Why Not Other Dictators?
(DBN)

World awaits the next step for Venezuela’s opposition leader
(DBN)

Venezuela’s defaulted bonds gain luster on regime change hopes, says economist
(DBN)

Here’s how US-Venezuela tensions got to the brink of crisis
(DBN)

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India:

Supreme Court upholds constitutional validity of Insolvency and Bankruptcy Code • India top court upholds bankruptcy code, setback for defaulters • SC bars founders of loan-defaulting firms from buying back bankrupt companies
(DBN)

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Philippines:

A bankruptcy in the Philippines sparks concerns of Chinese firms taking over a former US naval base
(DBN)

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Australia:

The Hidden Dimension of Business Bankruptcy in Australia
(DBN)

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China:

China releasing more cash to banks as PBOC works to offset economic slowdown
(DBN)

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Germany:

German business sentiment hits 3-year low
(DBN)

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Denmark:

Bankruptcy of Danish toy store chain reflects pressure on retail sector
(DBN)

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