March 27, 2019

The Daily Bankruptcy News

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Law:

Law School Students Are Taking To The Street Over Biglaw Firms With Mandatory Arbitration Agreements • Law Students Put More Pressure on Big Law Over Arbitration • Big Law Is Targeted - In Person - By Law Students Opposing Mandatory Arbitration
(DBN)

Another Ex-Partner Sues Milberg, Successor Firm Over Stopped Payments
(DBN)

The Partner’s Continuing Lament
(DBN)

Inside Kirkland & Ellis’ Trial Advocacy Training Program
(DBN)

Boies Schiller Keeps Finding the Spotlight, For Better or Worse
(DBN)

Pillsbury Associate Picks Near-Perfect NCAA Bracket
(DBN)

MoFo continues push to toss 2 pregnancy bias accusers
(DBN) 

Allen & Overy announces the appointment of Tim Watson as a restructuring partner into its London practice
(DBN)

Of Course The LSAT Scores At Harvard Law School And Yale Law School Are The Highest
(DBN)

5 Things Operational Leaders Need To Get Right
(DBN)

The Inside Track – James Sprayregen
(DBN)

Avenatti Saga Spotlights Attorney Ethics, When to Draw Lines • Lawyer details how Michael Avenatti once shorted him on fees in a settlement • Avenatti charged with fraud as he testified in related case • Trump’s Lawyers Gambled and Won on Cooperation With Mueller • Avenatti Thanks Supporters After Nike Extortion Arrest • The Avenatti scandal highlights the dark side of college basketball • Michael Avenatti alleges Nike paid college stars Deandre Ayton and Bol Bol • Michael Avenatti denies extortion charge, accuses Nike of ‘crime and coverup’ • Unpaid taxes, abruptly closed locations, and employee rebellions: Inside the 6-year downfall of Michael Avenatti's coffee chain • How Avenatti May Have Crossed The Line Into Extortion • For Michael Avenatti, a luxury lifestyle built on a purported house of cards • From Michael Avenatti to Michael Jackson: How the players in every scandal this year are connected • Michael Avenatti: A Lesson in Hubris for 2020
(DBN)

Using the College Bribery Scandal to Identify Risks
(DBN)

Dechert Associate's Death Ruled Accidental, Caused By Mix of Drugs
(DBN)

When These Law Firm Leaders Left Abruptly, Their Firms' Numbers Took a Blow
(DBN)

Former attorney sentenced in bankruptcy embezzlement
(DBN)

Has The Legal Industry Really Taken #MeToo Seriously?
(DBN) 

How Will The Mueller Investigation Change The Practice Of White-Collar Law? • The Ongoing Lawsuits and Investigations Against Trump • Russia Reacts to Mueller Report News: We Told You So • What to make of Bill Barr’s letter • George Papadopoulos formally applies for Trump pardon • Mueller report details to be issued in 'weeks, not months': Justice Department • The facts on the cost of the Mueller investigation • George Conway: Mueller report must have 'something pretty damning' if it can't exonerate Trump • For Trump’s Aides, Celebratory Dinners and a Hunger for Revenge • Mueller Judge Is Asked to Reveal Identity of Foreign Company Fighting Subpoena • Prosecutors left a trail of breadcrumbs about Trump's finances, and House Democrats are now digging deeper • Ken Starr: Why You Can't Read Mueller Probe • 'People love it when you attack the press': Trump reportedly gloats with Republicans after end of Mueller's Russia investigation • FBI Releases Docs on Trump Organization
(DBN)

Sandy Hook dad who killed himself was under a constant attack by conspiracy theorists who claimed his daughter wasn't really dead: NYT reporter
(DBN)

House set for failure on vote to overturn Trump's border emergency veto • House Armed Services: No to $1Bn for Wall
(DBN)

Trump Travel Ban Faces New Legal Jeopardy
(DBN)

Father And Daughter Go To Law School Together, Take Bar Exam Together
(DBN)

Jussie Smollet case: Chicago prosecutors drop all charges against 'Empire' actor • Chicago police have dropped charges against Jussie Smollett after he was accused of faking a hate crime to get a better salary on 'Empire' • Chicago Mayor Rahm Emanuel Calls Jussie Smollett’s Dropped Charges a ‘Whitewash of Justice’ • Napolitano on Smollett: Almost Unheard Of
(DBN)

San Francisco Giants CEO suspended after physical altercation with wife
(DBN)

In The Shadow Of Suicides, Senate Panel Makes Rare Move To Consider Gun Control
(DBN)

Chief Justice Roberts Denies Gun Owners' Request to Stay Ban on Bump Stocks
(DBN)

USS Cole lawsuit was served at wrong place, SCOTUS rules; $315M judgment reversed
(DBN)

55 years after first SCOTUS appearance, lawyer is back for second redistricting case • 82-Year-Old Lawyer Argues Before Supreme Court To ‘Improve Democracy’
(DBN)

Michigan Officer Says He Botched Investigation, Believed Larry Nassar's 'Lies'
(DBN)

Budlight Gets Sued Over Dumb Superbowl Commercial
(DBN)

Bankruptcy attorney talks business and judicial reform in his run for mayor
(DBN)

Attorney Loses Appeal of Contempt Finding for Not Taking Stand
(DBN)

USC law student expelled for cheating loses appeal
(DBN) 

Spring Breakers Turn Tables On Armed Robber At FL Gas Station
(DBN)

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Judges:

Rejection Letter Of The Day: You’re Not Prestigious Enough To Clerk For Me
(DBN)

Bade Confirmed, 37th Trump Appeals Court Nominee to Clear Senate
(DBN)

NJ Judge Feared Being 'Killed' By Ex-Beau, Panel Told
(DBN)

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Wall Street:

Stock futures fall along with Treasury yields as recession fears persist
(DBN)

Stocks Close Higher as Bond Yields Stabilize
(DBN)

Wall Street bonuses tumble as big banks keep tax cuts
(DBN)

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Layoffs:

50,000 warehouses to use 4 million robots by 2025, says report
(DBN)

BrightSpring units to lay off more than 200
(DBN)

Electronic Arts lays off 350
(DBN)

Airport ground transportation company to lay off 102
(DBN)

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Pharma:

OxyContin maker Purdue reaches $270 million settlement in Oklahoma opioid case: source
(DBN)

Oklahoma official: Purdue Settlement is bankruptcy-proof
(DBN)

Sellers of blood-thinner drug to settle about 25,000 suits for $775M
(DBN)

White House and Pelosi’s staff in early talks about legislation to cut high drug costs
(DBN)

Anger, hope from families and survivors of opioid crisis
(DBN)

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Retailing:

Sears ends retirees’ life insurance benefits
(DBN)

Neiman Marcus, in Debt Talks, Makes It Easier to Bet It Will Fail
(DBN)

Are you getting a deal at liquidation sales?
(DBN)

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Healthcare:

Hospitals in Missouri, Oklahoma file for bankruptcy
(DBN)

Kansas hospital takes step toward reopening after entering bankruptcy
(DBN)

What Happens if Obamacare Is Struck Down? • DOJ Move on Obamacare Puts GOP in a Bind • Trump's all-or-nothing ACA gamble
(DBN)

Here's how much money doctors across the US make, for doing everything from brain surgery to treating kids and people with cancer
(DBN)

Health insurance stocks fall after DOJ agrees with Texas court that ACA is unconstitutional
(DBN)

House Democrats are introducing legislation to preserve the Affordable Care Act • Trump gives the momentum back to Democrats by trying to discard Obamacare
(DBN)

NY County Declares Measles State of Emergency, Bans Unvaccinated Minors From Public Spaces
(DBN)

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Aviation:

Flight cancellations mount as FAA keeps Boeing 737 Max planes grounded
(DBN)

FAA, Boeing's 737 Max to face heat in Congress Wednesday as plane-maker outlines software fix
(DBN)

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Politics:

Senate Republicans are preparing a 'bluff-vote' on Alexandria Ocasio-Cortez's Green New Deal — and Democrats are furious at the move • 'We are facing a national crisis': Alexandria Ocasio-Cortez passionately defends her Green New Deal resolution as Republicans bring it up to fail in the Senate • Senate rejects Alexandria Ocasio-Cortez's Green New Deal after almost every Democrat refuses to participate in the 'stunt' vote • The 3 Democrats Who Voted Against the Green New Deal • GOP ready to weaponize Green New Deal for 2020
(DBN)

Obama Urges Dems to Know How to Pay for Their Policies
(DBN)

Biden FactCheck: The Trump budget "cuts $845 billion, almost a trillion dollar cut in Medicare."
(DBN)

Betsy DeVos proposes slashing $18 million from Special Olympics in new Trump budget • Betsy DeVos defends Special Olympics budget cuts: 'We had to make some difficult decisions' • DeVos: Deep cuts to Special Olympics, student programs warranted
(DBN)

Donald Trump just made sure health care will decide the 2020 election
(DBN)

Alabama congressman quotes Hitler in slamming the left for pushing ‘big lie’
(DBN)

Moderates Are 'Politically Homeless.' Does Either Party Want Them?
(DBN)

Pelosi: 'To Be Anti-Semitic Is to Be Anti-American'
(DBN)

Kamala Harris wants to give every American teacher a big raise. Here’s how she plans to do it
(DBN)

Risk of Nuclear War at 60 Year High
(DBN)

How One AIPAC Speech Exemplified the Democrats’ Israel Challenge
(DBN)

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Economy:

Optimism about economy dips but Americans still feel it is in good shape under Trump: CNBC survey
(DBN)

Consumer confidence falls in March in another sign of economic anxiety
(DBN)

Goldman says investors are looking at the wrong bond market indicator and recession is less likely
(DBN)

‘There’s no way’ we’re headed for recession—five experts on the bond market’s warning sign
(DBN)

The democratization case for Stephen Moore at the Fed • Trump pick, Stephen Moore, wrong guy for post on Federal Reserve’s Board of Governors • Who’s Afraid of Stephen Moore? And Why? • Stephen Moore Would Be a Loyalist, not an Expert, at the Fed • Surprise Trump Fed pick Stephen Moore gains support of Rand Paul • Swift pushback on Stephen Moore, Trump's latest pick for Fed • Trump's Fed Nominee Has No Idea What He's Doing, Says Trump's Fed Nominee
(DBN)

GM stages $1.4 billion US investment announcement
(DBN)

US budget deficit sets February record of $234 billion
(DBN)

A Switzerland-based plumbing company could be ground zero for the next US recession — and the signals it’s flashing are worrisome
(DBN)

How these grandparents became America’s unofficial social safety net
(DBN)

Liberal Societies Have Dangerously Low Birth Rates
(DBN)

Minimum Wage's Affect on Social Services
(DBN)

McDonald’s will reportedly no longer lobby against minimum wage hikes
(DBN)

World of Negative Debt Expands to One-Fifth of Global Market • $10 Trillion In Negative-Yielding Global Debt... And Rising
(DBN)

Majority of Tax Cuts Went to the Wealthier
(DBN)

Fracking Keeps the US Economy Going
(DBN)

The Return of Monopolies in America
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Easement Rights Eliminated in Bankruptcy
(DBN)

Eviction Crisis Looking Like Subprime Crisis
(DBN)

Serious Delinquency Rate on Single Family Home Mortgages Decreased Slightly in February
(DBN)

Home Price Gains Slowed to 4-Year Low in January • Case-Shiller: Home price gains are shrinking, further escalating a housing market slowdown • Case-Shiller: National House Price Index increased 4.3% year-over-year in January
(DBN)

Supreme Court Holds Businesses Engaged in Nonjudicial Foreclosures Are Not “Debt Collectors” Under the FDCPA
(DBN)

Weekly mortgage applications surge nearly 9% on lower rates
(DBN)

Housing Starts Fell 8.7% in February • Housing Starts Decreased to 1.162 Million Annual Rate in February • Comments on February Housing Starts
(DBN)

Housing market cools down as home building takes a dive
(DBN)

Still More Signs of a Housing Slowdown
(DBN)

Millennials, seniors are fleeing cities in search of affordable housing
(DBN)

9 ways the housing market may find itself in the middle of a perfect storm
(DBN)

Freddie Mac: Mortgage Serious Delinquency Rate Decreased Slightly in February
(DBN)

Will the Bubble Burst for These “Un-Sweet 16” Student Housing Loans? • Part 2
(DBN)

Baltimore Set to Demolish 2,000 Houses
(DBN)

Share of FHA Borrowers Whose Debt Payments Are More Than Half of Their Incomes
(DBN)

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Municipalities:

Puerto Rico faces food stamps crisis as Trump privately vents about federal aid to Hurricane Maria-battered island
(DBN)

Puerto Rico Has Just Passed Its Own Green New Deal
(DBN)

Senate Dems press White House for update on Puerto Rico recovery response
(DBN)

Why Puerto Rico is starving
(DBN)

Trump 'doesn't want another single dollar' going to Puerto Rico, White House official says
(DBN)

HUD inspector general investigating whether Trump administration slowed disaster aid to Puerto Rico
(DBN)

‘They’re Leaving Us With Nothing’: Cuts of 150 Teachers Threaten Troubled N.J. City
(DBN)

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Oil/Gas:

Which Countries Have the Biggest Crude Oil Reserves?
(DBN)

US Increases Oil Use Faster Than Any Other Nation
(DBN)

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Food/Beverage:

Did the famous Palm grow into a steakhouse chain at the expense of some of the founders' descendants?
(DBN)

Operations restart at former Kane Beef plant in Corpus Christi
(DBN)

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Climate:

Energy-linked CO2 emissions hit record high in 2018 • Coal plants emitted more than ever in 2018 • Coal demand is making it difficult to get carbon emissions under control
(DBN)

Americans as Concerned as Ever About Global Warming
(DBN)

The Fed takes on climate change
(DBN)

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Marijuana:

The States Getting High On Marijuana Jobs
(DBN)

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Travel:

A computer outage affected multiple airlines across the country and passengers are furious
(DBN)

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Fraud:

General Electric in $49 million settlement over Petters fraud
(DBN)

Boies Schiller, Orrick and others join "Varsity Blues" defense
(DBN) 

US Argues For Forfeitures In Ex-Jenkens Atty's Fraud Case
(DBN)

______________

Student Debt:

The Definitive List Of Rollbacks To Student Loan Protections
(DBN)

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Taxis:

Worked To Death: Another Cabbie’s Life Is Lost
(DBN)

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Pensions:

Pension withdrawal liability imposed to prevent alter ego of bankrupt employer from avoiding labor obligations
(DBN)

Pension decision looms over Kentucky legislature's last day
(DBN)

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Farming:

Congress considers bankruptcy reform to help struggling family farmers
(DBN)

Farm financial stress indicators
(DBN)

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Bankruptcy Crimes:

Bergen County, New Jersey, Man Charged With Bankruptcy Fraud
(DBN)

Feds Charge Former Mamajuana Café Co-Owner From Cresskill With Bankruptcy Fraud
(DBN)

Former Fort Wayne Attorney Sentenced In Federal Court
(DBN)

______________

Mass Torts:

Jury Asked to 'Send a Message' to Monsanto in First MDL Trial Over Roundup
(DBN)

J&J tells jury greedy lawyers are driving asbestos-in-talc fight
(DBN) 

Archdiocese of Saint Paul and Minneapolis to work with lay advisory board
(DBN)

$2 million settlement reached in Pennsylvania clergy abuse case
(DBN)

Report: 400 Ill. Catholic clergy abused children
(DBN)

______________

Education:

This defunct Wellington charter school says it’s bankrupt. Its ex-teachers are still fighting to be paid.
(DBN)

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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 (19 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (32 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)

21st Annual William H. Gindin Bankruptcy Bench Bar Conference
(DBN)

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Bankruptcy Statistics:

Minneapolis Fed: Midwest Farm Bankruptcies On the Rise
(DBN)

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CDS:

Dangerous Manufactured Defaults May Soon Be A Thing Of The Past
(DBN)

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Litigation:

How Litigation Funders Determine Which Legal Matters to Fund
(DBN)

Cornerstone Research: Securities Suit Settlement Size Increased in 2018
(DBN)

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Jurisdiction:

Paragon Court Upholds Bankruptcy Courts’ Constitutional Authority to Adjudicate Fraudulent Transfer Claims
(DBN)

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Cross-Border:

German filmmaker’s estate files Florida Chapter 15
(DBN)

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Professional Compensation:

Achieved Recoveries Are Not the Benchmark of Fee Reasonableness Says Bankruptcy Court
(DBN)

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Exemptions:

Has the Bankruptcy System Gone to the “Dogs?”
(DBN)

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Bankruptcy Remoteness:

The Golden Share Rule: (S)he Who Has The Golden Share, May Not Rule! And Other Recent Bankruptcy Developments
(DBN)

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Debt Collection:

Application of the Fair Debt Collection Practices Act in Bankruptcy
(DBN)

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Make-Whole:

NY Parties Can Contract for Make-Whole Provisions
(DBN)

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Autos:

US auto sales are falling as prices for new vehicles jump to highest ever
(DBN)

Europe tentatively backs plan to fit every car from 2022 with a device to automatically stop drivers speeding
(DBN)

Honda Vehicles Recalled for Exploding Airbags
(DBN)

Judge will hear arguments on whether or not Elon Musk is in contempt of court next month
(DBN)

______________

Newspapers:

Local News Is Dying, and Americans Have No Idea
(DBN)

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Electricity:

Newsom Declares Wildfire Emergency for California Forests
(DBN)

PG&E's proposed bankruptcy bonus should be denied, U.S. Trustee says • PG&E bonus plan in wildfire-linked bankruptcy case draws objections from U.S. trustee • PG&E bonus plan in wildfire-linked bankruptcy case draws objections from U.S. trustee
(DBN)

PG&E’s bankruptcy may cause clean energy projects to tank
(DBN)

______________

Farming:

‘A punch in the gut’: Farmers hit by tariffs see crops swept away by flood
(DBN)

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Maritime:

Aegean Back In Play • Energy trader Mercuria gets green light to buy Aegean Marine Petroleum • Aegean Marine Petroleum Network Inc. Plan of Reorganization Confirmed by Court
(DBN)

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Religion:

A cringeworthy video of the pope pulling away from people who were trying to kiss his ring is going viral
(DBN)

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UK:

Former Extra Energy customers left fuming after mistakenly receiving letters claiming they owe the now defunct supplier money
(DBN)

KPMG revises UK growth forecast due to Brexit and global headwinds
(DBN)

Brexit: What Does Parliament Do Now?
(DBN)

Debenhams warns Mike Ashley bid will not solve funding crisis • Mike Ashley Gets Desperate With Debenhams Bid
(DBN)

'Excessive executive pay' at UK's biggest firms criticized by MPs
(DBN)

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EU:

If the US is slowing down, Europe is headed for 'an abrupt stop'
(DBN)

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PIIGS:

Greek gov't tables primary residence protection bill • Urgent tabling of protection bill
(DBN)

Law in Motion discusses the latest Italian insolvency law reform with Orrick
(DBN)

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Canada:

Canadians are selling-off assets to pay down debt
(DBN)

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India:

The Jet case: The bankruptcy code should have been invoked • Jet Airways shares rise after Centre official rules out grounding more planes • Jet Airways assures govt won’t ground any more planes; will add 40 more by April end • Rise and fall of Jet Airways: How Naresh Goyal’s number one airline came close to bankruptcy • Former Billionaire Chairman Steps Down From Jet Airways, Opening The Door To A Rescue
(DBN)

India's Supreme Court slams the government for leaving the country's bankruptcy court short-staffed
(DBN)

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Romania:

Major Romanian construction firm goes insolvent
(DBN)

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Mexico:

Spain Refuses Mexico Apology Demand for Conquest
(DBN)

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North Korea:

North Korea Can't Afford Nukes and a Working Economy
(DBN)

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Hong Kong:

Cathay Pacific to Buy Budget Airline at US$628M from Debt-Ridden Group
(DBN)

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Brazil:

Airline Avianca Brasil to trim fleet size, destinations
(DBN)

Pharmaceutical Roche latest to add to Brazil's economic woes
(DBN)

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Guernsey:

When directors enter the zone of insolvency – the rules in Guernsey
(DBN)

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Venezuela:

Venezuela's Bid to Revive Key Power Plant Hits a Snag • Venezuela’s Oil Production In Jeopardy After New Blackout
(DBN)

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Philippines:

Philippines Looks to Calm Growing Fears of a China Debt Trap
(DBN)

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MENA:

Dubai economic growth at its slowest since 2009 debt crisis
(DBN)

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Germany:

'This is a serious recession warning in the German economy'
(DBN)

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