January 29, 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:

Biglaw California Mainstay Finally Announces Bonuses • This Firm’s Tiered Bonus System Put Associates Down In The Dumps Or Way Over Market • Biglaw Firm Announces Bonuses, But Not Every Associate Is Taking Home Money
(DBN)

Elite Law Firm’s All-White Partner Class Stirs Debate on Diversity
(DBN)

3 More Plaintiffs Sign On to Lawsuit Claiming 'Mommy Track Is a Dead End' at MoFo
(DBN)

Bayard Names Scott Cousins and Justin Alberto Co-Chairs of Bankruptcy Group • Bayard Appoints 2 Bankruptcy and Restructuring Co-Chairs
(DBN)

Law Firms Are Relying More on Staff-and Treating Them More Like Lawyers
(DBN)

Law Firm Sales Push Growth of Alternative Services Providers, Report Says
(DBN)

170 top in-house lawyers warn they will direct their dollars to law firms promoting diversity • When 170 GCs Talk, Firms Listen...But Will the GCs?
(DBN)

In Media Glare on Diversity, Paul Weiss Says It Takes a 'Different' View
(DBN)

Rather Than Increase 1L Class Size, Some Law Schools Shrink Strategically
(DBN)

Should The ABA Tighten Bar Passage Standards For Law Schools? • Eighteen Law Schools Would Fail ABA's Proposed 75% Bar Passage Within 2 Years Accreditation Standard • ABA Votes Down Tougher Bar Pass Standard-Again
(DBN)

Law school ruin p--- hits USA Today
(DBN)

Greenspoon Marder Accused of Bias by Ousted Korean Shareholder
(DBN)

Why Summer Associate Jobs Don’t Tell You Anything About A Firm
(DBN)

Finding the right fit: Creating a career you love
(DBN)

Law School With Universally Happy Graduates
(DBN)

"Samuels v. Bobbitt et al." - Columbia Law School Professor Sued for Alleged Violations of Federal/State Labor Laws
(DBN)

Before You Start Your Job Search, Read This!
(DBN)

My 10 trickiest interview questions
(DBN)

Lawyers Are Drowning in Data. What Can They Do About It?
(DBN)

Roger Stone says FBI used more force in his arrest than SEAL Team Six did in bin Laden raid • Roger Stone met with Trump associates hours before raid - and the FBI probably caught it all • Mueller’s Roadkill Trophy: A Hunt For Collusion Bags A Circus Clown • Roger Stone Reveals Defense Against Indictment: He Forgot About All Those Texts and Emails • Legal Experts: There Are '3 Good Reasons' Why Mueller May Be Waiting to Charge Roger Stone with Conspiracy • Roger Stone says he'd be open to talking about his conversations with Trump, and that could be a game changer for Mueller • Jerome Corsi’s Lawyers Shift Gears After Stone Indictment, Say He ‘Fully Cooperated’ With Mueller • Roger Stone: "I have never not told the truth" • They Thought Firing Flynn Would End Probe • Likely attorney general Barr says he’s talked with Pence about Mueller probe • Attorney General Pick Says Trump Has Not Discussed Mueller Probe • Attorney general nominee: Trump has not asked about Mueller probe • Barr says he’d resign rather than fire Mueller without cause • Mueller’s Final Trump-Russia Report Must Be Made Public, Republican and Democratic Senators Say as They Introduce Legislation • Mueller Report Might Determine Whether Trump Faces Primary Challenge, Says GOP Strategist • Chris Christie: Never Saw Evidence of Russia Collusion • Michael Cohen to give closed testimony to House Intel • Acting AG: Mueller investigation "close to being completed" • Cohen Announces New Counsel Ahead of Expected Congressional Testimony
(DBN)

The most prolific lawyers in SEC-sanctioned initial coin offerings
(DBN)

Kellyanne Conway’s Husband Lowers the Boom on Trump After Shutdown Presser: ‘Art of the Fool’
(DBN)

Trump’s Lawyers Need to Worry About More Than Winning
(DBN)

Iowa teen found dead after running away over fight with parents over cellphone
(DBN)

Congressman Accuses Reporter of Defamation After Metaphor Goes Over His Head
(DBN)

St. Louis Officer Charged After Shooting Fellow Officer In Game of Russian Roulette
(DBN)

'Don't Tip Immigrants!!!': Middle Aged Couple Leaves Waitress Bigoted Message Instead of Tip
(DBN)

Banksy mural honoring victims of concert massacre has been stolen
(DBN)

'We were not welcomed': Gay couple rejected by Texas wedding venue
(DBN)

Toddler Shoots Mom With Shotgun
(DBN)

He broke Rand Paul's ribs. Now jury will decide how much he should pay
(DBN)

______________

Judges:

BK DE: Judge Sonthchi To Restart Employment and Fee Application Hearings On 2/4
(DBN)

BK ND IL: Closed For Weather On 1/30
(DBN)

Judge kicked out female prosecutor from courtroom in retaliation for previous appeal success: recusal motion
(DBN)

Judge who secretly recorded meetings with boss suspended for 2 months without pay
(DBN)

‘Catch-up for years’ as backlogged immigration courts open
(DBN)

Justices Would Get Ethics Code Under New Democrat Bill
(DBN)

Trump's Bizarre Meeting with Ginni Thomas
(DBN)

______________

Wall Street:

US stocks set to slide as charges against Huawei ignite fears that China trade talks will fail • U.S. stock market set to fall for second straight session as Fed poised to launch policy gathering
(DBN)

Dow sinks by more than 200 points, dragged lower by Caterpillar as onslaught of earnings unfurls
(DBN)

JP Morgan’s co-president says more market meltdowns like December’s rout are coming
(DBN)

Wall Street's white male control, by the numbers
(DBN)

Caterpillar shares slammed after equipment maker’s profit badly misses estimates • Caterpillar has its biggest earnings miss in a decade
(DBN)

Investors are interpreting the dramatic slowdown in corporate earnings all wrong
(DBN)

Visualizing 200 Years Of U.S. Stock Market Sectors
(DBN)

______________

Layoffs:

Tesco says up to 9,000 jobs at risk in cost cuts
(DBN)

Things Remembered warns HQ workers of possible layoffs
(DBN)

AT&T to cut jobs in weaker business units
(DBN)

______________

Politics:

Elizabeth Warren’s 2020 Strategy: Stand Out by ‘Nerding Out’
(DBN)

Trump: Former Starbucks CEO Howard Schultz 'doesn't have the guts' to run for president • Howard Schultz May Save the Democratic Party From Itself • Howard Schultz, aiming for the centrist vote, has already alienated centrists • Howard Schultz would not be a spoiler for Democrats the way Ross Perot was for the GOP, top donor Alan Patricof says • Bloomberg dismisses Howard Schultz's theory on moderate voters • Mike Bloomberg to Howard Schultz: Please don’t run • Salutes scarce as Howard Schultz runs presidential ambition up flagpole • Howard Schultz says he won’t do ‘anything to put Donald Trump back in the Oval Office’
(DBN)

Pelosi invites Trump for State of the Union on Feb. 5
(DBN)

Nearly half of Americans have no confidence 'at all' in Trump, poll finds
(DBN)

Stephen Miller said he 'would be happy if not a single refugee' came to the US, according to ex-Trump aide
(DBN)

An Obscure White House Staffer’s Jaw-Dropping Trump Tell-All
(DBN)

President Trump’s Numbers Game
(DBN)

Fox News host freaks out at Warren's plan to tax NFL owner's $100 million yacht
(DBN)

‘Mean as a Snake’: When President Trump Met the Real Mitch McConnell
(DBN)

Book: Kellyanne Leaked While Aide Drafted Statement Denying She Leaked
(DBN)

Trump wrongly tweets that 58,000 noncitizens voted in Texas Trump wrongly tweets that 58,000 noncitizens voted in Texas • ACLU slams Texas' findings on potential non-citizen voters
(DBN)

GOP to Change Rules to Aid Trump Nominees
(DBN)

______________

Healthcare:

Crushed by medical bills, many Americans go online to beg for help
(DBN)

California Attorney General And Santa Clara County Face Off Over Sale Of Two Hospitals
(DBN)

CO: State Lawmaker Wants To Protect Medical Debt From Creditors
(DBN)

Sabra backs off fire sale of some bankrupt Senior Care Centers properties
(DBN)

Half Of Doctors Considering Leaving Medicine — Because Of Health Insurance Headaches
(DBN)

______________

Climate:

Climate Change Related Losses and Other Event-Driven Litigation Risks
(DBN)

Numbs the Word: 50 Below to Hit Midwest This Week • 75% of the US will suffer below-freezing temps this week. But wait! There's more ... • Wind chills of minus-45 to minus-60 expected in Chicago, much of upper Midwest • Polar Vortex Triggering Coldest Arctic Outbreak in at Least Two Decades This Week in Parts of the Midwest
(DBN)

People robbed of Canada Goose coats at gunpoint in Chicago • Suspects Forcing Victims To Give Up Luxury Winter Jackets
(DBN)

Wind Chill Map
(DBN)

Calculating the cost of climate change: Which companies are most exposed, and what are they doing about it?
(DBN)

Poll: Increase in natural disasters changing minds on climate change
(DBN)

Australia Is Baking And Chicago Is Freezing - What Is Going On?
(DBN)

Trump tweets falsehoods about climate change and cold weather — again • Trump mocks climate change as polar vortex threatens Midwest
(DBN)

______________

Fraud:

Picking Up the Pieces After the Ponzi Scheme
(DBN)

Bad Blood: A Story Of Numerous Red Flags That Were Simply Ignored
(DBN)

Husch Blackwell Must Face Claims It Aided Client’s Fraud
(DBN)

U.S. SEC Confirms Federal Court Makes $1B Ruling Against 'Billion Dollar' Ponzi Scheme • SEC Returns With a Bang – A $1 Billion Judgment
(DBN)

Ponzi in Paradise? Florida Keys Men Accused Of $7 Million Ponzi Scheme
(DBN)

U.S. tumbles in international corruption report
(DBN)

______________

Pharma:

Former Insys Execs In Alleged Opioid Conspiracy Start Criminal Trial In Boston
(DBN)

______________

Retailing:

PBGC, other creditors object to Sears sale to ESL Investments • Federal Pension Agency Seeks Halt to Lampert's Acquisition of Sears • Big Sears creditor objects to Lampert's bid
(DBN)

Shopko landlord calls for liquidation
(DBN)

Why does Eddie Lampert want to keep Sears alive?
(DBN)

NYC: Local pharmacies concerned about future: 'We're on track to be bankrupt'
(DBN)

Performance Bicycle closing ... and maybe reopening
(DBN)

A Penney saved?
(DBN)

______________

Student Debt:

Clash between student-loan companies and states could wind up in the Supreme Court
(DBN)

______________

Tax:

Beware, the IRS is looking for these red flags this tax season
(DBN)

______________

Festivals:

Kendall Jenner, models may have to testify over failed Fyre Festival
(DBN)

______________

Motorcycles:

Harley-Davidson Q4 U.S. motorcycle sales fall 10.1% to 20.8M from 23.2M; global sales drop 6.7%
(DBN)

______________

Coal:

Westmoreland creditors slated to take over core assets
(DBN)

Westmoreland moves to end coal contract with Colstrip
(DBN)

______________

Steel:

State officials move to bar Essar Steel from Minnesota
(DBN)

______________


Economy:

Chicago Fed national economic index gains with push from factories, job-market strength • Chicago Fed "Index Points to a Slight Increase in Economic Growth in December"
(DBN)

How The Federal Reserve Turned Japanese
(DBN)

These are the three things markets are expecting to hear from the Fed and Jerome Powell
(DBN)

Dallas Fed: "Growth in Texas Manufacturing Activity Accelerates"
(DBN)

Why The Fed Is Likely To Signal Greater Policy Flexibility
(DBN)

Ranking the Trump Economy
(DBN)

New York Fed Staff Nowcast stands at 2.6% for 2018:Q4 and 2.2% for 2019:Q1.
(DBN)

U.S. on track to add $12 trillion to national debt by 2029 unless Washington changes course
(DBN)

Poll: Americans want economic system reform in 2020
(DBN)

Recession in 2019? Here's what economists are predicting • US economy unlikely to enter recession in next 12 months: NABE survey
(DBN)

Krugman: Setting the table for a smorgasbord recession
(DBN)

U.S. Growth Outlook Weakens in Survey of Business Economists
(DBN)

Trump won’t be pleased with how one economist illustrates U.S. jobs growth
(DBN)

Rising number of US businesses report sales and profit slowdown at the end of 2018
(DBN)

Soaring federal spending on seniors
(DBN)

The government shutdown cost the economy $11 billion, including a permanent $3 billion loss, Congressional Budget Office says • Republicans may block Trump from another shutdown • Shutdown cost the U.S. $3 billion that won't be recovered, CBO says • Kudlow says he disagrees with CBO's estimate on how shutdown hurt economy • The true economic impact of the shutdown has just begun to reveal itself • The government shutdown offset the boost from Trump's tax cuts • Federal Employees Return To Work, But Fears Of Another Shutdown Loom • Shutdown 2.0? Trump has reasons to avoid repeat • Trump Is Destroying His Own Case for a National Emergency • Graham: Trump must use emergency powers if no deal reached • How federal-government workers should approach their ‘shutdown debt’ • Why Trump ended the shutdown – for now • Why Did Trump Take So Long to Fold on the Shutdown? • IRS returns to work with 5 million pieces of unopened mail waiting
(DBN)

The U.S.-China Trade War Isn’t Going Anywhere • US calls Huawei and CFO Meng Wanzhou national-security threats, indicts company and exec on fraud and IP theft charges • Chinese electronics giant Huawei allegedly offered bonuses to any employee who stole trade secrets • Here Are Three Scenarios for U.S.-China Trade Talks This Week • Key Issues, implications of U.S.-China trade talks • Trade War Aggravates Wisconsin's Slumping Agriculture Economy • US-China trade war: A stable deal with a strategic adversary is an elusive quest • China accuses US of a ‘blatant breach’ of trade policy in WTO meeting • China brings US tariff dispute to WTO • Why China is under pressure to make a trade deal • CBO contradicts Trump, says U.S. trade barriers will hurt the economy • U.S. tariffs will slow GDP growth - Congressional Budget Office • Tariffs from Trump's trade wars are hurting the economy, budget office finds — but only barely • US, China resume high-stakes poker in trade talks • U.S. announces set of indictments against Huawei ahead of trade talks with China • There's one huge, mathematical problem with China's offer to go on a big US shopping spree • Trump's Shutdown Surrender Adds Pressure to Secure China Trade Win • China trade negotiations will be led by Robert Lighthizer and include trade hawk Peter Navarro • Apple, Nvidia and Caterpillar may point to more pain from China’s slowdown • New car tariffs could miss their intended target
(DBN)

Apple says it spent $60 billion with 9,000 American suppliers last year
(DBN)

$1.5 trillion tax cut had no major impact on business spending • Just 4% of companies boosted hiring because of tax cuts • Trump's tax law after one year hasn't affected most firms' investment plans: survey • Trickle Sideways? Trump’s Business-Friendly $1.5 Trillion Tax Overhaul Incentivized Corporations Into Changing Nearly Nothing • Why Trump's $1.5 Trillion Tax Cut Hasn’t Sparked Hiring or Investment • Report says 2018 tax cuts didn’t boost business spending, hiring
(DBN)

Who Is Paying Their ‘Fair Share’?
(DBN)

Massive global wealth gap grows even bigger
(DBN)

Out of touch? Davos elites believe the answer to inequality is 'upskilling'
(DBN)

The Crushing Logistics of Raising a Family Paycheck to Paycheck
(DBN)

America’s super-wealthy own more stocks, leaving average people in the dust
(DBN)

Treasury will again borrow $1 trillion to pay for tax cuts, spending
(DBN)

FactCheck: Trump on Illegal Immigrant Costs
(DBN)

Gallup: Most in U.S. Satisfied With Quality of Life, Opportunity
(DBN)

Does Modern Monetary Theory Have Any Scholarly Validity?
(DBN)

Davos: The Old Era is Dead
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Court approves settlement with Woodbridge, owner to pay $1 billion in penalties • A Florida company must pay $1 billion for defrauding thousands of elderly people in a Ponzi scheme
(DBN)

Tuesday: Case-Shiller House Prices
(DBN)

Chinese Exiting U.S. Real Estate as Beijing Directs Money Back to Shore Up Economy
(DBN)

Shares of Fannie, Freddie soar as Wall Street bets on GSE privatization
(DBN)

____________

Municipalities:

The Commonwealth and the GOs, part 2
(DBN)

Hillary Clinton runs to Puerto Rico, not the White House • Dem 2020 candidates court Puerto Rico as long nomination contest looms
(DBN)

______________

Oil/Gas:

Oil prices head sharply lower after U.S. rig count rises • Oil Dips Most in a Month as China Slowdown Signals Demand Drop
(DBN)

Venezuela: Oil's Ticking Time Bomb
(DBN)

US sanctions on Venezuelan oil company will ripple across energy market
(DBN)

______________

Electricity:

PG&E files for bankruptcy, facing massive wildfire costs • As PG&E Prepares for Bankruptcy, Professionals Flock to Potential Fee Bonanza • PG&E Files for Bankruptcy With More Than $50 Billion in Debt • PG&E, owner of biggest U.S. power utility, files for bankruptcy • PG&E Officially Files for Bankruptcy Under the Financial Strain of California Wildfires • Battered by wildfires and scandals, PG&E files for bankruptcy • PG&E, US's largest utility, files for bankruptcy • California regulators make preparations for PG&E bankruptcy • PG&E's "Reckless" Chapter 11 Filing "Will Harm All Stakeholders" says BlueMountain Capital Management, LLC • PG&E files for bankruptcy protection to manage billions in liabilities • Court's Web Case-Specific Page • List of Creditors
(DBN)

Amid protest, utility regulators let PG&E access key bankruptcy financing • California Regulator Clears Path for PG&E Bankruptcy • PG&E Is Poised to Raise Largest Bankruptcy Financing Since 2017
(DBN)

PG&E to tap restructuring chief in final bankruptcy preparations - sources
(DBN)

Elliott’s Arrival Shows Just How Friendless PG&E Is
(DBN)

PG&E rallies after investors offer it a $4 billion alternative plan to avoid Chapter 11 • PG&E Receives $4 Billion Plan From Investors to Head Off Bankruptcy • PG&E Shares Recovering After Investors Offer $4 Billion Plan to Avoid Bankruptcy • PG&E shares seesaw amid report it may avoid bankruptcy • PG&E is nearing bankruptcy and a group of investors are reportedly teaming up to try and stop it
(DBN)

Insurance claims from deadly California wildfires top $11.4B
(DBN)

California is uniquely fire-prone thanks to its long romance with high-voltage power lines
(DBN)

California utilities regulator reviewing PG&E request for $6 bln in borrowing
(DBN)

California regulators under fire for hasty PG&E meeting
(DBN)

PG&E Holders Said to Tap Advisers for Long Bankruptcy Fight
(DBN)

PG&E's Financial Woes Will Decimate California's "Green" Industries
(DBN)

As bankruptcy looms, PG&E gets both very good and very bad news
(DBN)

PG&E Bankruptcy's Ripple Effects Will be Felt Beyond California
(DBN)

NextEra 'very comfortable' despite PG&E bankruptcy concerns
(DBN)

FERC claims 'concurrent jurisdiction' in PG&E-NextEra bankruptcy dispute • FERC Asserts Its Authority to Review Rejection of Wholesale Power Agreements Days Before PG&E Files Bankruptcy • FERC Clarifies Its Concurrent Jurisdiction with Regard to Bankruptcy Filings That Seek to Reject Power Purchase Agreements
(DBN)

PG&E Bankruptcy: 6 Of The Most Important Things To Know
(DBN)

PG&E's Bankruptcy -- Fiddling While California Burns
(DBN)

Why PG&E’s bankruptcy won’t please California wildfire victims, ratepayers or investors
(DBN)

It’s All Routine Vegetation Management Until PG&E Goes Bankrupt
(DBN)

The Looming Bankruptcy Battle Over PG&E’s Renewable Energy Contracts
(DBN)

______________

Movies:

Rescued From Bankruptcy, Fortissimo Films Set for Sales and PR Comeback
(DBN)

______________

Crypto:

Bitgrail CEO Ordered to Pay $170M He Claims Lost to Hackers
(DBN)

Blockchain — Not Bitcoin — in Bankruptcy
(DBN)

______________

Celebs:

Woman Beat Up By Da Brat Claims Rapper Is Still Hiding Her Money To Avoid Paying • Da Brat's Assault Victim Doesn't Care About Her Bankruptcy, Wants Her Millions
(DBN)

Kendall Jenner, Bella Hadid, and other models who appeared in the viral Fyre Festival ad could be forced to reveal how much they got paid to promote it
(DBN)

______________

Education:

Former employees say Boston Language Institute was warned about financial troubles • Abrupt closure of Boston Language Institute spurs review by state Attorney General’s office
(DBN)

'The land has been redeemed': St. Gregory's Abbey monks retain property that was collateral on university loan
(DBN)

Argosy University, in federal receivership, faces demand from accrediting agency
(DBN)

______________

Marijuana:

Trump Attorney General Pick Puts Marijuana Enforcement Pledge In Writing
(DBN)

______________

Travel:

Delta, United, and American bracing for monster storm and issuing travel vouchers. Here's what to know if you're flying.
(DBN)

______________

Autos:

Tesla's Painful Dose of Reality • Tesla seen forecasting first-quarter loss after Musk warning
(DBN)

______________

Mail:

USPS just hiked the price of Forever stamps by a record amount to keep the postal office 'competitive'
(DBN)

______________

Maritime:

Samsung Heavy 2018 net loss widens on fewer orders
(DBN)

______________

Tech:

FaceTime bug lets you listen in on people you call, even if they haven’t picked up their iPhone • Apple removes FaceTime group calling as it tries to fix spying bug
(DBN)

______________

Mass Torts:

U.S. judge to allow controversial evidence in Roundup cancer trials
(DBN)

______________

Farming:

Sown in China, grown on high seas, 'Product of USA' mushrooms are killing American farms
(DBN)

______________

Religion:

PA: Church abuse victims wait to see if Legislature will act
(DBN)

______________

 
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 (23 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (127 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:

Weekly Bankruptcy Claims Trading Activity
(DBN)

______________

D&O:

D&O Insurance: Policy Wording Matters
(DBN)

______________

Make-Whole:

Fifth Circuit’s Ultra Petroleum Decision Suggests Make - Wholes are Unenforceable in Bankruptcy
(DBN)

Fifth Circuit Rules on Payment of a Make-Whole Premium and Post-Petition Default Interest
(DBN)

Closing in on Make-Wholes: The Fifth Circuit’s Ultra Decision
(DBN)

______________

Personal Bankruptcy:

Examining Need to Fix Means Test Disparity for Disabled Veterans -
(DBN)

______________

Subordination:

Can a junior lien holder obtain discovery from a senior lien holder?
(DBN)

______________

Liens:

Texas Bankruptcy Court Determines That Notes Repurchased and Held Outstanding by iHeart Remained Outstanding to Block Springing Lien, Emphasizing Importance of Careful Construction of Indenture Terms
(DBN)

______________

Safe Harbors:

One Step Back? Ohio Bankruptcy Court Finds That a Hedging Power Purchaser Is Not a “Forward Contract Merchant” Entitled to the Bankruptcy Code Safe Harbor Protections
(DBN)

______________

Contracts:

Watch your Language
(DBN)

Patently Ambiguous - A Lesson in Clarity in Drafting
(DBN)

______________

Personal Bankruptcy:

Updated HHS Poverty Guidelines
(DBN)

______________

Cramdown:

Fifth Circuit Holds that Courts Have the Flexibility to Select the Valuation in a Cramdown Scenario
(DBN)

Delaware District Court Finds that a Cramdown Plan Can Modify a Creditor's Expected Recoveries Pursuant to Prepetition Subordination Agreements
(DBN)

______________

Adequate Protection:

Illinois Department of Revenue Not Entitled to Adequate Protection of Properties Subject to Tax Lien
(DBN)

______________

Plan Confirmation:

Third Circuit Holds Shares In Debtor Are Subject To Terms Of Confirmed Plan
(DBN)

______________

Appeals:

Sixth Circuit Clarifies Trigger for Determining Appeal Deadlines
(DBN)

______________

Sales:

Termination Fees: Making Clear When, and Who, is Entitled to Payment at the Outset
(DBN)

______________

Standing:

Derivative Standing for Creditors Available in Chapter 7 Cases
(DBN)

______________

IP:

Fifth Circuit holds that a patent license allegedly purchased by a company in a bankruptcy sale was in fact a rejected executory contract and could not have been transferred in the sale
(DBN)

______________

Prepayment:

Debt Restructuring: When Do Loan and Bond Prepayments Pay Off?
(DBN)

______________

DIP Finance:

Bankruptcy Court Finds that DIP Lender's Super-Priority Claims Take Priority Over Post-Conversion Administrative Expense Claims
(DBN)

______________

Mootness:

To Avoid Mootness, Request a Stay Pending an Appeal
(DBN)

Equitable Mootness Remains Alive and Well
(DBN)

______________

Miscellaneous:

Rochelle
(DBN)

______________

Contractors:

First Circuit Addresses General Contractors' Rights to Withhold Payments to Bankrupt Subs
(DBN)

______________

Banking:

Elizabeth Warren blasts out tweetstorm asking Wells Fargo to fire CEO Sloan
(DBN)

______________

Tech:

Nvidia stock tumbles after warning of huge revenue miss
(DBN)

______________

Food/Beverage:

Blue Apron Listed as Possible Bankruptcy Candidate
(DBN)

Shuttered S.F. food delivery startup leaves trail of unpaid vendors • Former Munchery employees sue company, blame CEO for shutdown
(DBN)

Be Mine? Nope. SweetHeart Candies Hard To Find This Valentine's Day
(DBN)

TX: Potential Kane deal falls through, leaving hundreds of jobs in limbo
(DBN)

Subway Closed 1,100 Restaurants Last Year
(DBN)

______________

UK:

Concerns over Patisserie Valerie administrator choice
(DBN)

UK personal insolvencies hit seven-year high • Insolvency rises to seven-year high in England and Wales
(DBN)

Economy Committee unconvinced by new debt repayment system
(DBN)

No-deal Brexit 'to leave shelves empty' warn retailers • EU has Brexit message for May - Decide what you want • Our flawed parliamentary system has let the Tories stifle the Brexit debate • The Brexit Europe Should Want • KPMG comments on Brexit with 60 days to go • Britain will prioritize medicine over food in no-deal Brexit chaos, Health Secretary says • Cabinet minister fails to totally rule out martial law after no-deal withdrawal from EU • Brexit linked downturn looms for SMEs as sales fall and costs rise • Theresa May's ministers plot a soft Brexit ahead of expected Commons defeat on no-deal • How MPs plan to seize control of Brexit from Theresa May
(DBN)

Welcome to the New Britain, Where Every Week Is Hell
(DBN)

Tesco says 9,000 jobs 'impacted' in changes to UK business • Analysts more confident in Tesco despite 'devastating' job cuts for staff • UK union seeks urgent talks with Tesco over job cuts report
(DBN)

_____________

EU:

Restructuring across Europe – a new era?
(DBN)

Fate of Europe’s oldest casino uncertain as bankruptcy talks continue
(DBN)

______________

PIIGS:

Italy's New Insolvency Code
(DBN)

Italy Starts Handing Out Free Money
(DBN)

Greece moves towards ending austerity with rise in minimum wage • Amid highway protest, Greece hikes wages, eyes market return • Greece plots return to foreign debt market with new bond issue
(DBN)

______________

Canada:

KEIP-ing the Right People for the Job: Ontario Superior Court Outlined the Factors it Will Take into Consideration when Approving Key Employee Retention Plans and Key Employee Incentive Plans
(DBN)

Rising insolvencies ‘nothing to write home about’: CIBC’s Tal
(DBN)

Liberals write off $163 million in student loans feds will never collect
(DBN)

______________

Venezuela:

PDVSA’s Angry Creditors Are Prowling the Caribbean for Oil to Seize
(DBN)

Venezuela Oil Sanctions Jolt Citgo Claimants
(DBN)

What is the U.S. Government’s Strategy in Venezuela?
(DBN)

Venezuela devalues currency to align with black market: AFP
(DBN)

Venezuela's Guaido rushes to control Citgo before debt payment
(DBN)

Goldman among winners as Venezuelan bonds surge
(DBN)

U.S. unveils sanctions on Venezuelan oil giant, projects $7 billion hit
(DBN)

Venezuelans have little trust in national government, say economy is in poor shape
(DBN)

Bolton's notepad reveals Trump is considering sending 5,000 troops to Colombia amid Venezuela crisis • Huh? Send 5,000 Troops to Columbia?
(DBN)

Pope fears 'bloodbath' in Venezuela
(DBN)

______________

France:

Economic Data from France is Really Bad
(DBN)

______________

India:

Etihad hires turnaround expert Alvarez & Marsal as it weighs Jet Airways bailout
(DBN)

Government sets March deadline to resolve 9 top insolvency cases
(DBN)

An Overview of Exceptions to Moratorium under the Insolvency And Bankruptcy Code
(DBN)

Bank of India plunges 6% as net loss widens in Q3
(DBN)

______________

Philippines:

Philippines legislature passes bill lowering age of social responsibility to 12
(DBN)

______________

Indonesia:

Indonesian bankruptcy case against Lippo spooks investors
(DBN)

______________

Finland:

Finland, the world's happiest country, gets a reality check on job creation
(DBN)

______________

Mozambique:

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

______________

Malaysia:

More than 300,000 bankruptcy cases as of December 2018
(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