March 12, 2019

The Daily Bankruptcy News

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Law:

Orrick Ousts Practice Leader to 'Uphold Our Values and Culture'
(DBN)

Carlton Fields loses 2 name partners in group move to Drinker Biddle; was merger a failure?
(DBN)

The Brexit Threat to London's World-Class Legal Business
(DBN)

Longtime Munger Tolles Leader Sandra Seville-Jones Dies at 58
(DBN)

Should Clients Insist That Young Lawyers Get Trial Experience?
(DBN)

Biglaw Firm Knows How To Take Care Of You For Daylight Saving Time
(DBN)

Client Cryptocurrency Payments May Pose Ethical Risks for Lawyers
(DBN)

Uh-Oh! T14 Law School Email Screw-Up Reveals Grades, Application Decisions For All LLM Candidates
(DBN)

Law School Can’t Get Elevators Working In Horrifying Metaphor
(DBN)

This Law School Had A Great Year — At Least According To The Latest U.S. News Rankings
(DBN)

Top Law School Refuses To Condemn The N-Word And You’ll Absolutely Guess Which One
(DBN)

I Thought I Could Be A Christian And Constitutionalist At Yale Law School. I Was Wrong
(DBN)

Nothing Says ‘International Women’s Day’ Like Inviting Anti-Abortion Activists To Campus!
(DBN)

How To Use Speaking Engagements To Build Your Practice
(DBN)

Manhattan Court Signals Move to Open Epstein Teen Documents Court Moves Towards Unsealing Docs That Could Expose Details of Alleged Epstein Trafficking Ring
(DBN)

Here’s what to expect from the Mueller probe this week Robert Mueller Not-So-Subtly Nudges D.C. Judge to Throw the Book at Paul Manafort White House rejects Cummings request to interview lawyer over hush money Lawyer Behind Stormy Daniels Hush Agreement Reveals What He Thinks Pushed Cohen to Pay Up Mueller's Second Report Can't be Buried New York AG reportedly subpoenas two banks over Trump Organization financial records Stone's lawyers say he didn't intend to hide anything from judge
(DBN)

FactCheck Trump: Judge Exonerated Me
(DBN)

In wild interview, Trump associate Erik Prince acknowledges a 2nd Trump Tower meeting he may have forgotten to disclose under oath
(DBN)

Newly Revealed Letter Shows Jeff Sessions Really Did Order Investigation into Hillary Clinton Matters
(DBN)

Police Finally Admit Controversial Stormy Daniels Arrest Was ‘Improper’
(DBN)

US women’s soccer team files gender bias suit claiming unequal pay
(DBN)

In dueling suits, Kanye West alleges contract ‘servitude,’ while music publisher claims deal breach
(DBN)

Should Michael Jackson Be ‘Canceled’?
(DBN)

R. Kelly Is Shopping for New Attorney to Replace Steve Greenberg, Says Michael Avenatti Gloria Allred’s New Client Says He Found Video of R. Kelly Abusing Girls
(DBN)

US agents seized $77 million of cocaine at a New York-area port — the biggest bust there in 25 years
(DBN)

Support for Trump dwindles among ICE officers
(DBN)

Florida Cop Allegedly Used Police Database to Try and Get Dates With Over 100 Women
(DBN)

Warren FactCheck: "Trump's campaign manager, Paul Manafort, commits bank and tax fraud and gets 47 months. A homeless man, Fate Winslow, helped sell $20 of pot and got life in prison."
(DBN)

Ohio High Court Reinstates Atty Who Harassed Paralegal With Obscenities
(DBN)

Mom Killed 11 Year Old to Keep Her From Sex
(DBN)

Georgia Bill Will Criminalize Vasectomies
(DBN)

Bills Introduced for a Post Roe America
(DBN)

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Judges:

BK MN: Judge Katherine A. Constantine Seeks Full-Time Law Clerk
(DBN)

Alaska Supreme Court asks for pro bono help from around the country for earthquake survivors
(DBN)

Citing petition by law firm ‘Sue, Grabit, and Run,’ judge enjoins Old Man Winter
(DBN)

SCOTUS Laughter As A ‘Blood Sport’: When The Justices Aren’t Trying To Be Funny High Court Humor A 'Weapon Against The Weak,' Study Says
(DBN)

Pete Buttigieg Is The Only Democrat Making Sense About The Supreme Court Right Now
(DBN)

Trump Poised to ‘Flip’ Appeals Court for First Time
(DBN)

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Wall Street:

US futures slightly higher after tech rally, amendments to Brexit deal
(DBN)

Tech leads stocks broadly higher; Boeing drops
(DBN)

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Layoffs:

Women and automation
(DBN)

More than 2,300 people lost their jobs in a media landslide so far this year
(DBN)

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Aviation:

Georgetown Law Student Among Those Killed In Ethiopian Airlines Crash
(DBN)

Some countries and airlines have grounded the Boeing 737 Max 8 after a 2nd crash involving the plane killed 157 people — here's who's taken action so far
(DBN)

These 12 airlines have the most Boeing 737 MAX aircraft in their fleet
(DBN)

FAA has no plans to ground Boeing 737 Max airliners; software fix expected in April 3 countries have grounded certain Boeing jets after a deadly crash. US airlines haven’t followed suit More Countries Stop Flights of 737 Max
(DBN)

'I don't want to be on a Boeing Max 8': Travelers worry as U.S. airlines stand by Boeing plane Avoiding a 737 Max flight could cost you money
(DBN)

US airlines try to calm nervous travelers after fatal crash of Boeing 737 MAX jet in Ethiopia
(DBN)

The Boeing 737 Max plane, which has been involved in 2 deadly crashes in 5 months, is used by American Airlines, Southwest, and United. Here's how to find out if you're flying on one
(DBN)

Witnesses say the Ethiopian Airlines plane smoked and shuddered before plummeting to the ground
(DBN)

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Healthcare:

Distress in Healthcare Services Companies Skyrockets in 2018
(DBN)

Many Americans move abroad for health care—should you?
(DBN)

Trump’s vision for American health care, explained by his budget
(DBN)

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Student Debt:

Trump’s budget would end student loan forgiveness program and slash repayment options
(DBN)

15 Secrets To Refinancing Your Student Loans
(DBN)

MI: Whitmer interested in income tax break for debt-ridden college grads
(DBN)

6 Bold Student Loan Reforms To Watch For In 2019
(DBN)

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Media:

Layoffs hit New York Magazine amid company restructuring
(DBN)

Decline in readers, ads leads hundreds of newspapers to fold
(DBN)

F+W Media, Citing Debt, Decline And Mismanagement, Files For Bankruptcy Protection New Delaware Chapter 11 Filing – F+W Media, Inc. New Chapter 11 Bankruptcy Filing - F+W Media Inc.
(DBN)

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Metals:

Following Bankruptcy Filing, Thurston Mfg. to Close Simonsen Iron Works
(DBN)

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Economy:

Fidelity Analyst Survey: Corporate sentiment drops to lowest level since 2016
(DBN)

Jay Powell Hates Running The Fed So Much That He’s Now Daring Trump To Fire Him On Television
(DBN)

First Quarter GDP Could be Ugly
(DBN)

Stiglitz: Market Concentration Threatening the Economy
(DBN)

Total Household Net Worth as Percent of GDP Since 1952
(DBN)

Sum of All U.S. Credit Fears Sinks to Almost Five-Year Low
(DBN)

Small business owners are more optimistic, but signal profit pain
(DBN)

Companies with big global exposure could face a double-digit Q1 earnings decline
(DBN)

BLS: Unemployment Rates Higher in 3 states in January; Lower in 3 States
(DBN)

Millennials are $1 trillion in debt — more than any other generation in history
(DBN)

Trump proposes record $4.75 trillion budget, with $8.6 billion for border wall Trump’s 2020 budget proposal seriously cuts the nation’s safety net Trump Promised to Protect Social Security Trump's $4.7 Trillion Budget Headed for Rejection by Congress Trump Budget Increases National Deficit Trump once promised to eliminate the national debt in 8 years — but his new budget shows the president is going in the opposite direction Three Budget Items Likely to Spur Debate in Washington Trump's 2020 Budget: Winners & Losers Trump’s budget hinges on economic growth numbers no one believes
(DBN)

Visualizing the huge difference in the White House economic projections versus the CBO’s and Wall Street’s
(DBN)

Trump Wants Deep Cuts to Scientific Spending
(DBN)

Elizabeth Warren's trust-busting plan eyes Silicon Valley mergers
(DBN)

U.S. consumer spending recovers slightly in January
(DBN)

Retail Sales increased 0.2% in January
(DBN)

The overlooked, bleak future of work for women
(DBN)

China, US discuss key issues in trade talks, state media reports
(DBN)

The U.S. industries dependent on immigrants
(DBN)

High taxes be damned, the rich keep moving to California
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

When Is a House a “Home”? Varied Dates Used to Determine a Debtor’s “Principal Residence”
(DBN)

Mortgage Equity Withdrawal slightly positive in Q4
(DBN)

A woman who studied 600 millionaires discovered that most of the superrich have surprisingly affordable homes. Here's what some of those look like.
(DBN)

Seattle Real Estate in February: Sales Up 12.1% YoY, Inventory up 164% YoY from Low Levels
(DBN)

Can a New York developer dig out of this Chicago hole?
(DBN)

Bankruptcy judge approves sale of Palm House Hotel for $40M
(DBN)

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Municipalities:

Missed Appointment: First Circuit Finds That Puerto Rico Oversight Board Needs Advice and Consent of the Senate
(DBN)

Creating a Sound Foundation for Municipal Restructuring
(DBN)

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Oil/Gas:

Fast times in the Permian
(DBN)

Top Oil Execs Call for Action on Climate Change
(DBN)

US Oil Production Headed for Quick Decline
(DBN)

VW: We'll Build 22M Electric Cars in a Decade
(DBN)

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Turnarounds:

How Growth Can Mask Signs of a Deteriorating Business
(DBN)

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Politics:

Democrats pick Milwaukee for 2020 convention as they look to bounce back in Wisconsin
(DBN)

Biden vs. Warren: Round 1
(DBN)

The Two Elizabeth Warrens: Bankruptcy Law Liz and Michelob Ultra Betsy
(DBN)

Pelosi says impeaching Trump is "just not worth it" Nancy Pelosi pours cold water on the idea of impeaching Trump: 'I don't think we should go down that path' House Speaker Pelosi says Trump ‘unfit’ to be president, but ’I’m not for impeachment
(DBN)

Here’s how Democrats can counter Trump’s socialism smear
(DBN)

Ann Coulter rips ‘shallow, narcissistic conman’ Trump
(DBN)

Sarah Sanders refuses to say whether Trump believes Democrats hate Jews
(DBN)

Trump admits botching Tim Cook's name after denying it to RNC donors
(DBN)

Pelosi to invite NATO secretary-general to address Congress
(DBN)

At least 33 advertisers have stopped advertising on Tucker Carlson's Fox News show in recent months after the host's controversial comments. Here's the list New Tucker Carlson tapes will reportedly expose Fox News host's views on 'race and ethnicity' in strategically timed release Fox News host Tucker Carlson has a long history of controversy Tucker Carlson refuses to apologize after new controversial recordings reveal his attacks on the Obamas, immigrants
(DBN)

After Week of Infighting, Democrats Wonder Where to Draw Line on Speech
(DBN)

If Liberals Won’t Enforce Borders, Fascists Will
(DBN)

Elizabeth Warren calls Facebook a 'censor' for temporarily blocking her ads about breaking Facebook up
(DBN)

Ivanka Trump and Jared Kushner were repeatedly rejected when they tried to fly on Air Force planes, so they found a workaround New book on Jared Kushner and Ivanka Trump paints a gloomy portrait of their lives as the children of billionaires Trump reportedly joked Jared Kushner 'is half the size of Tom Brady's forearm'
(DBN)

Former Republican VP Dick Cheney gave Mike Pence a piece of his mind about Trump's foreign policy
(DBN)

Trump had some genuine insights into America's foreign policy problems. Here's where it all went wrong.
(DBN)

2020 Democrats aim to make inroads in rural America
(DBN)

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Electricity:

In defense of $5.5 bln loan, PG&E says plans housing fund for wildfire victims
(DBN)

The history of PG&E's problems
(DBN)

California governor could make sweeping change at state's power regulator
(DBN)

California considers PUC overhaul after PG&E bankruptcy
(DBN)

California Lawmakers Grapple With Risks and Uncertainties of PG&E’s Bankruptcy
(DBN)

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Autos:

Musk: SEC seeks to violate his First Amendment rights, and its filing 'smacks of retaliation and censorship' Elon Musk’s lawyers say SEC is overreaching in seeking contempt ruling
(DBN)

After Ghosn, Nissan and Renault retool alliance as 'equals'
(DBN)

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Travel:

Stop falling for these 4 traps when booking flights
(DBN)

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Accounting:

Ex-partner at KPMG convicted in ‘steal the exam’ scheme
(DBN)

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New Bankruptcy Opinions
(8 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (29 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (28 new filings today)
(DBN)

Bankruptcy Code (html) - Bankruptcy Code (pdf) Prior BK Codes (pick year from list) - Bankruptcy Rules
(large downloads)

UCLA-LoPucki Bankruptcy Research Database
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Jobs:

(1) (2) (3) (4) (5) (6) (7) (8)
(DBN)

Seminars - (Contact us to list your seminar)

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Bankruptcy Statistics:

Going extinct: why corporate giants die
(DBN)

Weekly Bankruptcy Claims Trading Activity
(DBN)

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Advisors:

Dawn Ragan: Wheels and Deals
(DBN)

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Bankruptcy Policy:

Debt Restructuring and Notions of Fairness
(DBN)

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Litigation:

New Special Report: Litigation Trends and Opportunities in 2019
(DBN)

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Priority Claims:

What Is A Domestic Support Obligation?: A Discussion Of The Factors And Tests Courts Use In Determining Whether An Agreement Is A Domestic Support Obligation
(DBN)

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Miscellaneous:

Why businesses that declare bankruptcy don’t always die
(DBN)

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Avoidance Actions:

New U.S. Second Circuit Court of Appeals ruling in Madoff liquidation extends the long arm of fraudulent transfer law
(DBN)

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Pharma:

Oklahoma Judge Denies Purdue Pharma Bid to Delay Landmark Opioid Trial
(DBN)

A lot of finger-pointing, but everyone's making money off of drugs
(DBN)

Lawsuit says Johnson & Johnson was opioid "kingpin"
(DBN)

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Tech:

Larry Page 'bypassed' Alphabet's board to personally give Andy Rubin a $150M stock package while he was under investigation for misconduct
(DBN)

Facebook temporarily deletes Elizabeth Warren’s ads that said it abuses its power
(DBN)

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Religion:

Deadline set for abuse claims against Catholic Archdiocese of Santa Fe
(DBN)

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Retailing:

The Sale Of Sears To Lampert Ain't Over Yet - Major Problems Have Developed
(DBN)

Amazon CEO says his company “will go bankrupt”...
(DBN)

Toys R Us Property Company I emerges from bankruptcy as Hill Street Properties
(DBN)

Home Decor Retailer Hits Ch. 11 Amid Supply Struggles
(DBN)

Suicide attempts and mental breakdowns: 911 calls from Amazon warehouses reveal that some workers are struggling
(DBN)

Upscale retailer Z Gallerie enters bankruptcy, angles for sale New Delaware Chapter 11 Filing – Z Gallerie, LLC, et al.
(DBN)

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Food/Beverage:

The Palm licensing parent files for Chapter 11 bankruptcy
(DBN)

CTI Foods Files $406 Million Debt-Cutting Bankruptcy CTI Foods Files Chapter 11 With DIP Commitment from Barclays, Wells Fargo New Delaware Chapter 11 Filing – CTI Foods, LLC, et al.
(DBN)

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UK:

Brexit: Gov't Weakening Workers' Rights
(DBN)

'No third chances': Theresa May puts revised Brexit deal to crunch vote for second time May wins key Brexit revisions from EU on Irish border ‘backstop’
(DBN)

Interserve Teeters On The Brink Of Insolvency Interserve warns shareholders not to expect better deal UK's Interserve woos hold-out investor ahead of rescue vote
(DBN)

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PIIGS:

Eurozone delays Greece debt relief over household insolvency law
(DBN)

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Australia:

Corporate Rescue in Australia: A Time for Innovation
(DBN)

Groundbreaking footwear start-up Shoes of Prey goes into liquidation
(DBN)

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Venezuela:

Power outages across Venezuela have left Maduro wobbling 11 reasons Venezuela is mired in a nationwide blackout — and why the problem may not be fixed any time soon
(DBN)

US to withdraw all its embassy staff in Venezuela as the country continues to plunge into crisis
(DBN)

Desperate Venezuelans swarm sewage drains in search of water
(DBN)

David Boies Is Dealt Setback in Venezuela Oil Conspiracy Lawsuit
(DBN)

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Brazil:

Azul strikes deal for Avianca Brasil assets ahead of court hearing
(DBN)

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India:

Key stakeholders point to chinks in Insolvency and Bankruptcy Code
(DBN)

Jet Airways crisis: How did the debt-laden airline secure ECB for working capital purposes?
(DBN)

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China:

China’s MoBike shutting some international operations
(DBN)

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Netherlands:

Shoe group Fred de la Bretoniere goes bust as high street malaise continues
(DBN)

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South Africa:

Group Five enters bankruptcy protection; listing suspended
(DBN)

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Malaysia:

Malaysia Airlines could be sold or shut down: PM
(DBN)

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