January 28, 2019

The Daily Bankruptcy News

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Law:

Law Firms Turned Creative as Shutdown Slowed Deals and Collections
(DBN)

NY Post Shocked To Learn Biglaw Works Paralegals To The Bone
(DBN)

Job-seeking lawyer loses age discrimination case before full 7th Circuit Court Ends Age Bias Law for Older Applicants
(DBN)

Critics Worry About Diversity as ABA Votes on Bar Pass Rates
(DBN)

Boutique Firm Offers $100K From Bonus Pool As Shutdown Loans To Furloughed Federal Workers
(DBN)

The 5 Most Important Tips For Client Development
(DBN)

With Risks Growing, Lateral Hiring Takes a Leap of Faith
(DBN)

Here's What Might Not Be Obvious in Big Law Lateral Hiring Numbers
(DBN)

Transitioning To A New Law Firm: Growth & Growing Pains
(DBN)

Who's Winning the Private Equity Race? It's Complicated
(DBN)

Butler Snow Moves for Arbitration in Lawsuit Over Ponzi Scheme
(DBN)

NY Court Gives Second Wind to Fraud Case Against Husch Blackwell
(DBN)

For Midsize Firms, the Great Recession Was a Great Audition for Bigger Clients' Work
(DBN)

Marie Kondo Can Help You Tidy Up Your Law School Life
(DBN)

The Tolerance Wars
(DBN)

Law School Has Failed The Profession
(DBN)

Brennan predicts Mueller will indict ‘a significant number of names’ familiar to Americans Cohen's Lawyer: Trump Should be Worried Sarah Sanders on Stone arrest: ‘Nothing to do with the president’ What the Roger Stone indictment tells us about the Trump campaign Roger Stone says he will plead not guilty to Mueller's charges and won't testify against Trump The indictment against Roger Stone raises one huge question: Why would he do that? Roger Stone Says He Would Consider Cooperating With Mueller Corsi: Glad to Testify Against Roger Stone Mueller dropped a huge bombshell in Roger Stone's indictment, and it's bad news for Trump Here's are the odds of different possible outcomes in the Mueller investigation, according to online betting sites Roger Stone's Last Dirty Trick Trump is peddling conspiracy theories to try and undercut Roger Stone’s indictment Campaign Spoke with Stone on Wikileaks in '16 Steve Bannon is the 'high-ranking' Trump official in Roger Stone indictment who asked about future WikiLeaks releases in October 2016 Roger Stone's media blitz Roger Stone: A Brief History of His Subterfuge I Could See Roger Flipping Pretty Quickly I Will P--- on Your Grave’: Emails Reveal Roger Stone’s Abuse of Frenemy Randy Credico Nixon Foundation distances former president from Roger Stone House Intelligence to hand over transcripts to Mueller investigation Roger Stone’s Arrest Is the Signal for Congress to Act Roger Stone remained defiant despite charges, while lawmakers had mixed reactions Mueller Investigation: Everything We Know So Far Trump reportedly said 'this Russia thing is all over now' when he fired Michael Flynn, almost two years ago Steve Martin mocks Roger Stone in SNL cold open: ‘Pardon me!’ Chris Christie on Roger Stone Indictment Why Did Trump Advisors Lie Over and Over?
(DBN)

“Witch hunt!”: the history of Donald Trump’s favorite attack on Robert Mueller, explained
(DBN)

What exactly is Giuliani doing?
(DBN)

Police arrest mother after her dead newborn was found in an Amazon warehouse bathroom trashcan
(DBN)

Judge Warns Weinstein's Attorneys on Conflict Judge Signs Off on Brafman's Motion to Bow Out as Harvey Weinstein's Defense Counsel
(DBN)

More Churches Want Armed Security
(DBN)

The sheriffs resisting Washington's strict new gun laws: 'I'm not going to enforce that'
(DBN)

Mexico: US to send back 20 migrants daily in new asylum plan US delays returning asylum seekers to Mexico Trump claimed women were gagged with tape. Then Border Patrol tried to find some evidence.
(DBN)

Bomb Plot: Militia Trio Get Decades in Prison
(DBN)

Feds bought 30 firearms in 15 undercover buys; then they found the machine guns
(DBN)

7th Circuit: Age Discrimination is Legal
(DBN)

A UK newspaper promised to pay Melania Trump 'substantial damages' after issuing apology on a mistake-ridden story
(DBN)

Courtroom Magic? This State Wanted Expert Witnesses To Dress As Wizards
(DBN)

Lawyer gets prison time for shooting into another lawyer’s office
(DBN)

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Judges:

Notice of Vacancy: United States Bankruptcy Judge Houston, Texas
(DBN)

Notice Of Vacancy: United States Bankruptcy Judge New Orleans, Louisiana
(DBN)

BK WD NY (Olean) Canceled For Weather
(DBN)

BK WD MI: Notice of Closing Due to Inclement Weather
(DBN)

BK ND IL Western Division (Rockford) Closed For Weather
(DBN)

Meanwhile, What's Going to Happen With All Those Paused Cases?
(DBN)

PACER Fees Harm Judiciary's Credibility, Posner Says in Class Action Brief
(DBN)

Steve King compared himself to Brett Kavanaugh in his first town hall since his House punishment for racist remarks
(DBN)

Trump Meets with Ginni's Hard Right Group
(DBN)

When SCOTUS Enshrined White Supremacy
(DBN)

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Wall Street:

U.S. stock futures dig deeper hole in wake of Caterpillar earnings
(DBN)

Dow gains for fifth straight week after deal reached to temporarily reopen government
(DBN)

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Layoffs:

'The people want the Truth!': Trump gloats over the loss of American media jobs Trump Slams Fox News for Wall Coverage
(DBN)

McAfee lays off 200 employees
(DBN)

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Television:

Morgan Stanley predicts the winners and losers of our shifting TV habits over the next 5 years
(DBN)

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Coal:

US coal output forecast to fall despite Trump revival efforts
(DBN)

Germany to close all coal plants by 2038 in shift to renewable energy
(DBN)

No more coal investments for Export Development Canada, new policy says
(DBN)

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Celebs:

Kendall Jenner, Soulja Boy & more may soon face subpoenas over Fyre Festival payments
(DBN)

Da Brat’s Assault Victim Challenges Her Bankruptcy, Fights to Keep $8 Million Judgment Alive
(DBN)

Tori Spelling Promotes Tax Company H&R Block Amid Own Money Woes
(DBN)

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Travel:

Family removed from plane after fellow passengers allegedly complained about body odor
(DBN)

Hawaii Jet to NYC Diverted to SF After Flight Attendant Dies Onboard
(DBN)

Flights Couldn’t Land At LaGuardia Airport In New York Because Of Air Traffic Control Staffing
(DBN)

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Climate:

Blistering Australian heat is shattering records and killing wildlife
(DBN)

Thanks to polar vortex, "life-threatening" cold plunges into Midwest
(DBN)

PG&E: The First Climate-Change Bankruptcy, Probably Not the Last
(DBN)

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Motorcycles:

Millennials may claim another victim: Harley-Davidson and the classic American motorcycle
(DBN)

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Retailing:

Shopko bankruptcy filing raises some questions Shopko bankruptcy: Snow removal concerns, change of venue request, pharmacy auction Walgreens, CVS And Rite Aid Among Winners At Shopko Pharmacy Auction Walgreens Is Big Winner at Auction for Shopko’s Pharmacy Assets
(DBN)

'Years of misconduct' by Lampert and ESL precipitated Sears' demise, say creditors Unsecured Sears creditors line up litigation
(DBN)

Sears Holdings Only Got a Reprieve, Not a Pardon
(DBN)

U.S. Pension Insurer Slams Lampert Bid for Sears
(DBN)

Sorry, Millennials didn't kill your mall
(DBN)

Bid for assets of bankrupt retailer Performance Bicycle could be falling apart
(DBN)

Retail resurrection: A rosy Outlook for 2019?
(DBN)

Toys R Us execs continue with plans for a comeback
(DBN)

Things Remembered, Then Forgotten
(DBN)

Mickey Drexler steps down as chairman of J. Crew
(DBN)

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Autos:

Ford CEO Blames Workers for His Failures
(DBN)

Renault Offers Olive Branch to Nissan Macron Pushes for Renault Head to Run Nissan SEC Investigates Nissan Over Disclosures on Executive Pay
(DBN)

McDougal, Ewing Auto Group invited to ‘global settlement’ meeting about Reagor-Dykes Auto Group
(DBN)

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Festivals:

Kendall Jenner May Be Forced To Testify About $250,000 Payment From Defunct Fyre Festival For Instagram Post
(DBN)

Hulu’s “Fyre Fraud” vs. Netflix’s “Fyre”: A scorecard
(DBN)

Forest City-based Tree Town founder files bankruptcy, claims $8 million in debt
(DBN)

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Nuclear:

$115 million nuclear contract to formerly-bankrupt contractor draws scrutiny on Perry
(DBN)

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Asset Recovery:

Interview with Kenneth Krys
(DBN)

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Economy:

The world's record-shattering debt load was the talk of Davos. Here's what the biggest experts from around the globe had to say.
(DBN)

Unemployment is low only because 'involuntary' part-time work is high
(DBN)

A $4 Trillion Scapegoat for Market Volatility: the Fed’s Shrinking Portfolio
(DBN)

Corporate Debt Binge Reaches a Firm That Once Employed Lincoln
(DBN)

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

Percentage of Loans Without a Debt Cushion Since 2008
(DBN)

U.S. corporate borrowing slump is a bearish signal
(DBN)

$1.5 Trillion Tax Cut Didn't Expand Capital Investments as Promised
(DBN)

Q4 GDP Forecasts: Mid-to-High 2s
(DBN)

At Last : Trump announces deal to end the shutdown and reopen the government for 3 weeks Trump: Another government shutdown is ‘certainly an option’ Trump Skeptical He Would Accept Any Congressional Border Deal Trump: Odds of Border Wall Less Than 50/50 Mick Mulvaney says Trump is actually prepared to let the government shut down again Mulvaney: Trump will secure the border 'with or without Congress' Congress finally met its breaking point on the government shutdown after airport delays took a punishing toll Analysts say the economy will likely pick up as the government reopens, though pain may linger for some Some TSA Workers May Never Come Back Trump's self-inflicted slump How Congress will negotiate border security deal Even with the shutdown over (for now), here’s why the effects could linger for the US government IRS will need year to recover from shutdown, watchdog tells Congress US economy lost at least $6 billion to government shutdown: S&P Senate and House pass short-term spending bill to reopen government TSA Screeners to Get 2 Weeks Back Pay Short-term deal is 'not enough time' for airports to recover from shutdown damage: Union president Despite a temporary halt to the government shutdown, federal workers are worried they'll be in the same spot in a few weeks Hedge fund billionaire Bill Ackman calls for pay freeze in Congress to end government shutdown JetBlue CEO: Air travel is nearing a 'tipping point' because of the government shutdown FAA limits flights to LaGuardia Airport over shutdown staff shortage Where American businesses will start feeling their 'first signs of pain' from the shutdown Anger Over Joshua Tree Park Damage Here's how much of each US state's workforce is employed by the government Hundreds of flights delayed in New York and Atlanta as the longest government shutdown in history leads to air-traffic-control staffing shortages Airline passengers are furious after government shutdown sparks hundreds of flight delays Flight attendants threaten to strike over shutdown 'Asinine and irresponsible' and 'craziest thing' — ex-airline CEOs blast government over shutdown Federal workers miss a 2nd paycheck today—here's how many Americans could do that and still pay bills
(DBN)

Americans fault Trump for shutdown chaos, as more believe US is ‘on the wrong track’: NBC-WSJ poll
(DBN)

US pork sales to China dropped by more than 250,000 tons last year as the trade war hits American farmers Chinese vice premier heads to D.C. for next round of trade talks Trump Tariffs Hit Ford Profit Sharing Checks China, US Want New E-Commerce Rules
(DBN)

The rise of the 99% voter: Eat the rich
(DBN)

Ayn Rand Was a Needy Parasite
(DBN)

At Davos, a reckoning for capitalism as practiced A new — unknown — world The upside of talking to real people The world order is being redefined
(DBN)

Hard times bring a huge political shift for both parties
(DBN)

Gary Cohn jokingly offered Trump to the Brits in Davos
(DBN)

How Much Federal Taxes Does a State Get Back?
(DBN)

Self-inflicted U.S. economic wounds multiply
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Americans stopped buying homes in 2018, mortgage lenders are getting crushed, and an economic storm could be brewing
(DBN)

NMHC: Apartment Market Tightness Index remained negative for 13th Consecutive Quarter
(DBN)

Springfiled: Gatley bankruptcy dismissed, paving the way for banks to foreclose on 417 Rentals
(DBN)

Why Is The IRS Punishing Triple Net Landlords?
(DBN)

Survey: Half of Boomer homeowners plan to age in place
(DBN)

San Jose bans evictions on unpaid federal workers
(DBN)

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Municipalities:

Muni Lowdown
(DBN)

Bondholders face a greater likelihood of haircuts
(DBN)

Trump White House stonewalls as Puerto Rico aid runs dry
(DBN)

PBA Creditors Refute Puerto Rico Fiscal Board Accusations of Sham Tactic Use
(DBN)

Court of Appeals breathes life into lawsuits against Flint emergency managers
(DBN)

As Sac schools fight bankruptcy, teachers' union weighs strike
(DBN)

Everybody in Chicago’s Mayor’s Race Says They Want Ticket Reform
(DBN)

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Oil/Gas:

The massive disruption about to descend on global oil is already happening here
(DBN)

Oil falls on increased US rig count, China industrial slowdown
(DBN)

Trouble in Paradise for US Frackers
(DBN)

______________

Politics:

Law School Popular for Congress, With Harvard, Georgetown Topping List
(DBN)

Tucker Carlson: Elizabeth Warren Has A Good Point
(DBN)

As Warren Eyes White House, Big Banks Brace for Browbeating
(DBN)

63% Say Country Headed in Wrong Direction
(DBN)

Ann Coulter retracts her support for Trump over bill to reopen government, says she was 'a very stupid girl'
(DBN)

Gen Z prefers "socialism" to "capitalism"
(DBN)

The Truth About Resurfaced Photo of Catholic Students Wearing Black Face Paint Amid Native American Controversy Did Nathan Phillips Falsely Claim He Was a Vietnam Veteran? Marine Corps says Nathan Phillips didn't serve in Vietnam Nathan Phillips on 'Today' show: Student's explanation felt insincere The Covington Catholic Story Proves To Be A Cautionary Tale The Real Truth on the Covington Controversy MAGA Teen's Parents Hire Hot Shot Lawyer
(DBN)

NBA champions Warriors snub Trump, meet with Obama
(DBN)

Nazi Book for American Holocaust Found
(DBN)

Bloomberg says Trump, at this point, 'cannot be helped'
(DBN)

Trump caves to Pelosi Donald Trump made a dreadful miscalculation over the shutdown Why Trump Blinked What's next on the wall showdown Inside Trump's decision to end the shutdown
(DBN)

Three things we’ve learned about Trump from Nancy Pelosi’s first month as speaker
(DBN)

The former CEO of Starbucks will reportedly tell '60 Minutes' he's considering a run for president as an independent The Ex-Starbucks CEO Could Get Trump Re-elected Former Starbucks CEO Howard Schultz weighs independent bid for presidency, denounces 'revenge politics' Howard Schultz knows some Dems are going to hate him
(DBN)

Why Aren’t Texas Politicians Standing Up for Texas Landowners?
(DBN)

Texas officials flag tens of thousands of voters for citizenship checks
(DBN)

Goldman: Trump Not Ruining America
(DBN)

One of Trump's golf clubs reportedly fired 12 unauthorized immigrant workers Trump and His Company Are No Aliens to Undocumented Workers
(DBN)

Trump tweeted misleading voter fraud statistics, claiming non-citizens voted in Texas
(DBN)

Nearly 500 have registered to run for president in 2020 (so far)
(DBN)

Trump Praised by NATO Head: He Got Results
(DBN)

TX: Harris County GOP draws fire for post blaming "leftism" for the Holocaust
(DBN)

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Maritime:

Shanghai Bestway on verge of bankruptcy
(DBN)

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Corporate Reform:

Going Forward, Federal Regulators Should Announce When They Are NOT Probing Deutsche Bank US House questions Deutsche Bank over Trump links
(DBN)

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Food/Beverage:

TX: Sam Kane employees will be paid next week as bankruptcy case moves forward
(DBN)

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Non-Profits:

Federal funds will cover bank loans, building purchases in UW Oshkosh Foundation settlement
(DBN)

______________

CDS:

How an $8tn market came to blows over a lower-case ‘o’
(DBN)

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Water:

The complete guide to the impending water crisis
(DBN)

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Media:

Global survey: Most people say there are no trusted news sources anymore
(DBN)

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Personal Finance:

This is how clueless most Americans are about their 401(k)s
(DBN)

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Banking:

January 2019: Unofficial Problem Bank list increased to 78 Institutions
(DBN)

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New Bankruptcy Opinions
(3 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 (10 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)

______________

Bankruptcy Statistics:

Wisconsin bankruptcy filings fall for 8th straight year
(DBN)

Restructuring activity in 2018 lowest in 10 years
(DBN)

Bankruptcy attorneys brace for a shutdown boom
(DBN)

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Conflicts:

Bankruptcy Court Weighs in on Conflicts of Interest in Business Transactions
(DBN)

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Make-Whole:

Ultra Petroleum Decision Holds Make-Whole Constitutes Unmatured Interest in Bankruptcy
(DBN)

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Automatic Stay:

9th Cir. Holds Debtor Who Successfully Challenges Automatic Stay Fee Award Also Entitled to Appellate Fees
(DBN)

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Litigation:

Jones Day Partner: Quality Images Can Help Win Trials
(DBN)

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Obits:

Albert J. Dunlap, Cost-Slashing Sunbeam CEO Known as ‘Chainsaw Al,’ Dies at Age 81
(DBN)

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Healthcare:

Hospitals Conduct Nightly "Wealth Screenings"
(DBN)

CA: County campaign against AG opposition to hospital sales gathers steam
(DBN)

We all pay for surprise emergency room bills
(DBN)

Trump to Fight Surprise Medical Bills
(DBN)

______________

MLM:

Washington Attorney General accuses LuLaRoe of operating an illegal 'pyramid scheme' in new lawsuit
(DBN)

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Hedge Funds:

Hedge Fund Assets Fell $88 Billion in 2018
(DBN)

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Electricity:

Tubbs Fire report complicates PG&E's bankruptcy decision PG&E still plans to file for bankruptcy PG&E's stock pulls back after J.P. Morgan still expects bankruptcy despite positive Tubbs Fire ruling PG&E Falls Back to Earth, and Bankruptcy Is Still on the Table Wall Street Reacts To The Latest PG&E Liability Ruling PG&E just escaped blame for one huge disaster — but it’s still the utility California loves to hate
(DBN)

Brown and Out : PG&E Bankruptcy Expected to Have Impacts in California and Beyond
(DBN)

California utility equipment sparked more than 2,000 fires in over three years
(DBN)

PG&E Erases Settlements With Fire Victims Ahead of Bankruptcy
(DBN)

State should take over PG&E PG&E failures demand audit of PUC’s oversight
(DBN)

PG&E Is Giving a Gas Executive a Raise Ahead of Its Bankruptcy
(DBN)

Near-Bankrupt PG&E Pulls Plug on a Hydropower License Renewal
(DBN)

As bankruptcy looms, PG&E will walk away from two dams it owns. What about the other 167?
(DBN)

U.S. regulator sides with power suppliers over PG&E contracts
(DBN)

FERC Claims Authority over PG&E Contracts in Bankruptcy PG&E Can't Evade FERC Review To Ditch Deals In Ch. 11
(DBN)

Analyst: With 'Inverse Condemnation,' PG&E Bankruptcy Might Not Be Right Call?
(DBN)

PG&E Gets A Break And Opportunity Is Still Knocking
(DBN)

Teachers’ strike and PG&E crisis test Newsom right out of the gate
(DBN)

Marin energy aggregator could benefit from PG&E bankruptcy
(DBN)

______________

Cryptocurrency:

JPMorgan says the only real use for cryptocurrencies will be in a post-capitalist dystopia
(DBN)

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Fraud:

CFPB Fines Man $1 for Swindling Veterans
(DBN)

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UK:

Brexiteers Are Misreading History Theresa May's government could declare a state of emergency and introduce martial law under a no-deal Brexit Brexiteers Never Had a Real Exit Plan
(DBN)

Brexit Has Already Cost UK £17 Billion
(DBN)

Brexit a Distraction from UK's Real Problems
(DBN)

Katie Price speaks out on bankruptcy and ‘mucky mansion’
(DBN)

Tax barrister throws the book at HMRC loan charge factsheet
(DBN)

______________

EU:

Low-Cost Airlines Are Crashing into Bankruptcy One After the Other as Financial Conditions Tighten in Europe
(DBN)

Europe’s Sputtering Economy Gives Investors the Jitters
(DBN)

______________

Canada:

Canadians may feel the pinch, but bankruptcies are actually on the decline: CIBC
(DBN)

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Venezuela:

Venezuela's 'interim president' is in hiding — despite US backing — and appears to be failing one of his own 3 tests for securing power
(DBN)

Pompeo appoints Elliott Abrams as special envoy to Venezuela US Tells World to Pick Sides on Venezuela
(DBN)

Military is Backing Maduro Against Guaido
(DBN)

Trump administration asked Israel to publicly support push against Maduro
(DBN)

Maduro Suspends Deadline on US Diplomats
(DBN)

______________

India:

Three years later, India's bankruptcy reform languishes in courts
(DBN)

Bankruptcy Law Upheld by India in Win for Faster Resolutions
(DBN)

Cantor, SC Lowy Eye India Soured Loans Amid Insolvency Delay
(DBN)

Welcome apex court ruling on bankruptcy
(DBN)

How litigation shackled bankruptcy reform and forced fire-sale of bad loans
(DBN)

Number of cases withdrawn under Sec 12A of IBC sees a spike in Q3 FY19
(DBN)

Bank defaulters cannot get away for long: Arun Jaitley
(DBN)

Companies buying more and more insurance for directors & officers amid rising bankruptcy, fraud cases
(DBN)

Jet Airways seeks shareholder nod to convert loan into shares
(DBN)

______________

Turkey:

Massive faux chateaux development sits empty after developer goes bankrupt
(DBN)

______________

Philippines:

In A Bankruptcy, China May Take Control Of Former US Naval Base In South China Sea The Subic Bay Bankruptcy is Being Used to Stifle a Pro-FDI Approach to The Philippine Economy
(DBN)

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Germany:

Gerry Weber International files for insolvency
(DBN)

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Australia:

Aussie bankruptcies at lowest level in 23 years
(DBN)

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China:

The rise and fall of bike sharing in China Ofo’s demise highlights risk of the VC2C strategy
(DBN)

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Mozambique:

Mozambique’s Guarantees on the Tuna Bonds: Can They be Repudiated?
(DBN)

______________

Russia:

Treasury Lifts Sanctions on 3 Russian Firms
(DBN)

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