March 29, 2019

The Daily Bankruptcy News

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Law:

Ogletree Lawyer’s Pay Bias Case Must Be Arbitrated Individually
(DBN)

Law Student Expelled After Trying To Lie, Cheat, And Hack Her Way Onto Law Review
(DBN)

Big Spenders: Some Florida Bankruptcy Cases Are Costing More Than $1 Million to Administer
(DBN)

Former BigLaw lawyer awarded $6.3M for brain injury caused by parking garage pipe
(DBN)

Law Schools Shift Strategy to Attract Top Students - Money
(DBN)

Re-Fingerprinting Of California Lawyers Turns Up Thousands Of Criminal Records
(DBN)

Money most likely to drive lawyers to quit their job
(DBN)

Which Disconnects Are Holding Your Firm Back?
(DBN)

Big Law Beats Big Business for LGBTQ Equality, Report Says
(DBN)

As Mayer Brown, Orrick Oust Partners, Signs of a Post-#MeToo Standard
(DBN)

How Quinn Emanuel Partner Joe Milowic Plunged to the Depths of Depression but Inspired Other Lawyers
(DBN)

Talent or Token? Lawyers Say Diversity Still Can Be Just for Show
(DBN)

"Just last month I received a memo from one of our outside counsels (a former Supreme Court clerk) that contained a typo"
(DBN)

Getting Noticed As An Associate
(DBN)

7 Toastmasters-approved tricks for hooking your audience right from the start
(DBN)

Revealed: your colleagues make you stay at your firm
(DBN)

Father and daughter who graduated law school together await bar results
(DBN)

Black Lawyer Detained At Courthouse Pretty Much For Being Black
(DBN)

Lawyers among worst for phone etiquette
(DBN)

Trump dropped an ominous hint that a revenge campaign over Mueller could spread to the FBI and intelligence officials Schiff doubles down on Trump-Russia collusion as GOP calls for resignation Adam Schiff Lists All the Ways He Says Trump Colluded Judge Orders DOJ to Turn Over Comey Memos FactCheck: "The FBI said (former national security adviser Michael Flynn) wasn't lying." Monica Lewinsky ‘wins the internet’ with fierce 3-word take on Mueller’s report Mueller Report Exceeds 300 Pages, Raising Questions About Four-Page Summary Rudy Giuliani on collusion accusations: "Somebody made this up" Trump Tower meeting figure: Russia probe 'not a witch hunt' Will Trump Pardon Michael Flynn? Giuliani: Trump Associates Shouldn't Expect Pardons Everyone Warns Trump Against Pardons Mueller’s many loose ends Mueller's team issued more than 2,000 subpoenas and compiled thousands, if not millions of documents worth of evidence Charges Reportedly Near for Obama and Clinton Staffer Caught Up in the Mueller Probe Mueller may not have gotten Trump, but he did strike fear into some of Washington's most powerful people Ivanka's Lawyer Wanted Cohen to Lie for Her 'There's nothing routine about this': Barr's move to send Mueller's report to the White House before the public sets off alarm bells Life on the Wrong Side of Mueller Probe Pelosi: Barr's 4-page report summary was "condescending" and "arrogant" Mueller's Lasting Legacy May be on K Street NYT: Mueller report is over 300 pages long
(DBN)

The BBC admitted botching a report that claimed Michael Cohen was selling access to Trump for $400,000 in Ukraine
(DBN)

Trump said investigating his finances would be a 'red line.' New York prosecutors are about to cross it.
(DBN)

Trump says FBI and DOJ will review Jussie Smollett case Ex-federal Prosecutor Zings Donald Trump Over Jussie Smollett Review: 'Wait, I Thought the FBI Couldn't Be Trusted? The Strange, Unsatisfying End to the Jussie Smollett Case Chicago Mayor Compares Smollett Case to College-Admissions Scandal Chicago Mayor: Jussie Smollett Is Going to Pay for the Cost of Investigations The City of Chicago Is Giving Jussie Smollett a Week to Write a Check for $130,000 Jussie Smollett Is Free. That’s Good, Whether He’s Guilty or Not Illinois state senator introduces bill to withhold tax credits to any production that hires Jussie Smollett Smollett damage control seen in internal email from Foxx's office as she defends 'alternative prosecution model' National District Attorneys Association blasts Jussie Smollett decision: "The rich are treated differently" Chicago PD Initially Shrugged Off Smollett Evidence That Ended Up Being Very Important Can Jussie Smollett make a comeback? Crisis management experts weigh in Embattled Chicago prosecutor Kimberly Foxx never legally recused herself from Jussie Smollett case - "Colloquial Recusal"? Jussie Smollett’s legal team no longer seeking expungement Kim Foxx says Smollett's sweetheart deal is "available to all defendants." Court records tell a different tale
(DBN)

Supreme Court declines second request to block bump stock ban
(DBN)

Suspect Denies Owning Socks On His Feet
(DBN)

Police: Man Attacked Mother Over Mannequin
(DBN)

Cops: Woman Kept Calling 911 To Report Boyfriend Was "Not Being Nice To Her"
(DBN)

Zookeeper ‘Joe Exotic’ Allegedly Sold Lion-Liger Hybrid to Fund Murder-for-Hire Plot Against Foe
(DBN)

Neo-Nazi who plowed car into crowd in Charlottesville, killing bankruptcy paralegal, pleads guilty to hate crimes
(DBN)

Drunk-driving lawyer allowed to keep car as it’s his ‘only friend’
(DBN)

Bonkers Law Firm Website: Springwatch!
(DBN)

Attempt to Flee Australia on a Jet Ski Fails
(DBN)

Video shows Arizona police officers forcing their way into a home to remove an unvaccinated toddler who had a 105-degree fever after a doctor reported his parents to authorities
(DBN)

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Judges:

BK ED CA Seeks J.A./Paralegal
(DBN)

BK ED MO Seeks Law Student Intern
(DBN)

Judge & Jailer: This Bankruptcy Judge Has Thrown Attorneys, Debtors Behind Bars
(DBN)

Senate Blue Slip Custom ‘Essentially Dead,’ Feinstein Says
(DBN)

Judge's Hobby Takes Him to A Different Kind of Bench
(DBN)

Wrongfully Convicted Ex-Judge Wins Ruling in Malicious Prosecution Lawsuit
(DBN)

Senate Republicans Move to Fill Court Vacancies Faster
(DBN)

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Wall Street:

US stock futures rise as Wall Street looks to wrap up week, month
(DBN)

Stocks close higher after signs of progress toward U.S.-China trade deal
(DBN)

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Layoffs:

JPMorgan is reportedly slashing hundreds of jobs in asset management
(DBN)

Bed Bath & Beyond has reportedly laid off 150 workers
(DBN)

Distribution center in De Pere closing, blaming Shopko bankruptcy Shopko announces layoff of 1700 workers
(DBN)

Shopko liquidation prompts another 1715 layoffs at 39 Wisconsin stores Nearly 2,500 employees in Wisconsin to lose jobs once all Shopko stores close, state says
(DBN)

Pain intensifies for AbbVie as it slashes 178 jobs
(DBN)

SAP Restructuring Prompts Thousands of Job Cuts
(DBN)

PayPal Laying Off 380
(DBN)

Felchar Manufacturing To Lay Off 144
(DBN)

Watch this gigantic bird-like robot load boxes onto a conveyor belt
(DBN)

Another group of older ex-employees are suing IBM alleging it targeted older workers for layoffs
(DBN)

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Religion:

June deadline set for Catholic abuse claims against Santa Fe archdiocese
(DBN)

Religious orders targeted in New Mexico clergy abuse case
(DBN)

13 Denver-based Catholic friars with credible abuse allegations identified
(DBN)

Pastor who bought wife a Lamborghini begs members to pay $250,000 for church repairs
(DBN)

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Pharma:

New York AG sues Purdue Pharma, J&J, McKesson in case against opioid manufacturers and distributors NY AG Announces Country's 'Most Extensive' Lawsuit Against Opioid Companies New York is coming for the Sackler's OxyContin money
(DBN)

What New York state’s lawsuit against Purdue Pharma says about U.S. opioid battle
(DBN)

What Oklahoma’s opioid settlement means for other states, cities and counties suing Purdue Pharma
(DBN)

More lawsuits are hanging over the billionaire family that made its fortune in opioids
(DBN)

Purdue's opioid settlement set to herald barrage of lawsuits against big pharma
(DBN)

Purdue’s Sackler Family Accused of Fraud in Transfers of Opioid Profits
(DBN)

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Electricity:

‘Man, that is a lot of money’: Why PG&E spent at least $84 million on lawyers
(DBN)

California governor criticizes PG&E’s plan for new board Utility shares few details on new board plans California Governor Disapproves of Proposed PG&E Board
(DBN)

PG&E Bankruptcy Should Not Impact Diablo Canyon Decommissioning: NRC
(DBN)

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Fraud:

Ex-Yale coach set to plead guilty for soliciting almost $1 million in bribes in college admissions scandal Houston Lawyer Representing Tennis Coach in College Admissions Scandal Lori Loughlin’s daughters remain at USC amid college admissions scandal College Admissions Scandal: A Plea for Reason A prominent Silicon Valley VC was 'terminated' from Lightspeed Venture Partners after admitting a link to the college-admissions scandal Yale named in 2nd class-action suit over admissions scandal Why Rob Lowe deleted tweet about his 'honest, hardworking sons' amid college admissions scandal College admissions scandal sparks probe of 8 schools by US Education Department USC and UCLA among universities under federal investigation in college admissions scandal Former UCLA coach charged in admissions scandal lists Century City home College Admissions Scandal Sparks Hollywood Panic: "There Could Be More Parents Caught Up" Prosecutors ratchet up pressure on parents in admission scandal with new charges Palo Alto couple indicted on new money laundering charges in college admissions scandal Why the Admissions Scandal Is Every Parent’s Problem
(DBN)

Philadelphia Business Owner Indicted for Multi-Million Dollar Fraudulent Loan Scheme
(DBN)

It's a difficult time for the 857 people in the US named Elizabeth Holmes who weren't the creators of Theranos
(DBN)

Office Depot Pays $25M for Repair Scam
(DBN)

SEC Awards Two Whistleblowers $50 Million, Including Third Largest Ever Individual Award
(DBN)

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Distressed Investing:

TransCare Trustee's Claims Against Tilton Going To Trial
(DBN)

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Mass Torts:

Defense Verdict for Johnson & Johnson in New Jersey Talc Meso Case Superior Court of New Jersey, Middlesex County, March 27, 2019
(DBN)

Jury Awards $80 million in Roundup Cancer Case
(DBN)

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Economy:

Q4 GDP Revised Down to 2.2% Annual Rate GDP: U.S. fourth-quarter economic growth rate revised down to 2.2% from 2.6% Say It One More Time: The Economy Is Slowing Economy slumping faster than expected, with fourth-quarter GDP revised down
(DBN)

Fed is done raising interest rates until at least the end of next year, according to economists polled
(DBN)

Buffett on the economy: 'It looks like things have slowed down'
(DBN)

Weekly Initial Unemployment Claims decreased to 211,000 Jobless claims fall to 211,000 in late March to match 2019 low US weekly jobless claims unexpectedly fall
(DBN)

Stephen Moore’s unpaid taxes are the latest example of Trump failing to vet high-profile nominees
(DBN)

Fed’s Clarida says ‘timely’ moves to ease policy can help ward off global shocks
(DBN)

GAO: Half Of Older Americans Have No Retirement Savings Plan
(DBN)

U.S.-China trade talks have made progress on all fronts: report China makes unprecedented proposals on tech transfer, trade challenges: US officials US China Relations Could Get Worse Before They Get Worse Trade Wars When Americans Were Pirates
(DBN)

Attention Wall Street: Democrats are seeking higher taxes on capital gains
(DBN)

Warren Buffett says the country has to take care of poor people who have become 'roadkill'
(DBN)

Poorest to Lose Food Stamps First
(DBN)

The House just passed a bill to close the gender pay gap
(DBN)

Consumer Bankruptcy Protections in the Great Recession Increased Employment Significantly
(DBN)

$500000 a Year Yet Struggling? Let's Do a Double Take
(DBN)

Democrats Love a Wealth Tax, But Europeans are Ditching The Idea
(DBN)

Maryland Passes $15 Minimum Wage
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

NAR: Pending Home Sales Index Decreased 1.0% in February Pending home sales drop 1% in February, despite lower mortgage rates
(DBN)

Trump administration charges Facebook with ‘discriminatory’ housing advertising practices
(DBN)

Bankers Are Balking at WeWork
(DBN)

Well Thank Goodness: Collateral Estoppel Does Apply to N.C. Foreclosures
(DBN)

____________

Municipalities:

Muni Lowdown
(DBN)

Court ruling in Puerto Rico bankruptcy fans revenue bond fears
(DBN)

Lawmakers introduce Puerto Rico statehood bill: "It's time to end 120 years of colonialism" Statehood movement in Puerto Rico
(DBN)

Puerto Rico governor warns White House: 'If the bully gets close, I'll punch the bully in the mouth'
(DBN)

Politics of Puerto Rico heat up
(DBN)

White House backing Puerto Rico’s oversight board
(DBN)

Trump’s alleged reluctance on Puerto Rico disaster funding complicates passage of U.S. aid bill
(DBN)

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Oil/Gas:

Trump says it’s ‘very important that OPEC increase the flow of oil’ because prices are too high
(DBN)

Oil set for strongest quarter in a decade on OPEC-led cuts and trade talk optimism
(DBN)

The One Thing That Could Derail The U.S. Oil Boom
(DBN)

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Climate:

Air Force bases ask for billions following historic extreme weather
(DBN)

Carbon emissions from the U.S. power sector rose in 2018
(DBN)

The World Can't Reverse Climate Emissions
(DBN)

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Aviation:

Hundreds of people are stranded and freaking out after Wow Air collapsed Wow Air has abruptly shut down, leaving customers stranded around the world 'My heart broke into 100 pieces this morning': People who worked at Wow Air react to the airline's surprise announcement that it's shutting down Videos show chaos and anger in airports as Wow Air passengers discovered the airline had collapsed WOW Airlines' Bankruptcy Left Passengers Stranded, So Here's How To Avoid Getting Stuck At The Airport Bankrupt Wow Air plies passengers with pizza then folds Why passengers stranded by the collapse of Wow Air will likely never see a refund from the airline Passengers' Rights In Wake of WOW Air Collapse
(DBN)

After WOW Air Collapse, Is It Time To Strengthen Consumer Protections?
(DBN)

FAA boss says it let Boeing partly self-regulate the software thought to be behind both fatal 737 Max crashes
(DBN)

Investigators are close to confirming the lead theory about why the Ethiopian Airlines 737 Max crashed, report claims Investigators say Boeing 737 MAX stall-prevention feature activated in Ethiopian crash
(DBN)

Crash report clarifies Boeing’s 737 exposure
(DBN)

Feds Knew 737 Trim Control Was Confusing
(DBN)

This fascinating new tool lets you map the cheapest flights to anywhere from any city
(DBN)

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Education:

Trump’s vision for higher education is limiting student loans and prioritizing for-profit colleges
(DBN)

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Marijuana:

House panel approves landmark bill to let banks serve pot businesses
(DBN)

Cannabis retailer MedMen’s financial troubles are a warning for the marijuana industry
(DBN)

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Healthcare:

Chicago Medicare insurer to fold
(DBN)

Trump renews attacks on Obamacare
(DBN)

Federal judge strikes down Trump proposal allowing 'skimpy' health insurance plans Judge Stops Trump Rule on Group Health Care
(DBN)

South Bay health clinics' bankruptcy sale goes through but staffing must be resolved by Monday
(DBN)

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Maritime:

Shanghai Bestway Marine warns of financial risks as bank accounts frozen
(DBN)

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Retailing:

After Emerging From Chapter 11, Gymboree, Payless Again Seek Bankruptcy Relief
(DBN)

J. Crew is turning to debt restructuring lawyers again, sources say
(DBN)

PE Firms Crescent, Ares Take Over Savers Thrift Chain
(DBN)

How hedge funds, Goldman Sachs, and corrupt executives used Gymboree's chaotic bankruptcy to cash out while destroying the careers of loyal employees
(DBN)

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Coal:

Reclamation funds stall final sale of Kemmerer coal mine
(DBN)

Coal-fired plants are closing but US coal exports are up
(DBN)

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Newspapers:

Bend Bulletin owner eyes sale of some newspapers
(DBN)

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Banking:

Wells Fargo CEO is Out Elizabeth Warren on Tim Sloan leaving Wells Fargo: ‘About damn time’
(DBN)

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Autos:

Nissan executives allegedly orchestrated Carlos Ghosn's arrest to kill merger with Renault
(DBN)

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Pensions:

Debt and Pension Liability per Capita for Ten Most Populous Cities in the U.S.
(DBN)

KY Lawmakers Just Passed Pension Relief... Or A 'Path To Insolvency.' It Depends On Whom You Ask.
(DBN)

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Crypto:

Report: Prosecutors Drop Appeal Against Mt. Gox CEO’s Embezzlement Acquittal
(DBN)

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Auto Racing:

Bob Bondurant School bought out of bankruptcy
(DBN)

______________

Telecoms:

Uniti Group: The Good, The Bad And The Ugly
(DBN)

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Food/Beverage:

Can crowdfunding save a restaurant? Results vary
(DBN)

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Farming:

Midwest Farms Uninsured for Crop Losses
(DBN)

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New Bankruptcy Opinions
(11 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 (29 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:

Corn, Dairy Farms Lead Chapter 12 Bankruptcy Filings, Report Shows
(DBN)

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Make-Whole:

Filling an Enforcement “Make-Whole”: Bankruptcy Court Enforces Prepayment Premium Notwithstanding Prepetition Loan Acceleration
(DBN)

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Credit Bidding:

Unbridled Credit-Bidding vs. Maximizing Value: U.S. Supreme Court and First Circuit Cases
(DBN)

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Sales:

Down but not out (of the money): Are underwater interest holders entitled to a share of the premium on a sale free and clear of liens under US Bankruptcy Code section 363?
(DBN)

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Standing:

Second Circuit Affirms Dismissal of Chapter 15 Appeal by Purported Shareholder on Standing Grounds
(DBN)

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Advisors:

Notice of Appearance - Ross Waetzman, Director at Gavin/Solmonese
(DBN)

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Politics:

Trump befuddles his allies with ambitious legislative agenda
(DBN)

New documents raise questions over State Dept. move to rescind honor for Trump critic
(DBN)

Trump exaggerated wealth, hid debts as a businessman: report George Conway: ‘People Go to Prison’ for What WaPo Says Trump Did with Financial Statements
(DBN)

Twitter wants to label tweets from public figures that break its rules — and even Trump could be named and shamed
(DBN)

Elizabeth Warren’s plan to make farming great again, explained
(DBN)

FactCheck: Trump administration is ‘raiding money’ from military service member pensions to pay for the border wall.
(DBN)

FactCheck: Trumps on Autos, Health Care
(DBN)

Amy Klobuchar wants to pay for her $1 trillion infrastructure plan by reversing some Trump tax cuts Amy Klobuchar’s $1 trillion infrastructure plan, explained
(DBN)

Donald Trump Jr. Talks About Running for Office
(DBN)

Adolf Hitler was not a socialist
(DBN)

Trump Attacks Wind Energy, as 'It Only Blows Sometimes'
(DBN)

The Republican Party Has an Older Voters Problem
(DBN)

Betsy Devos is still struggling to explain cuts to Special Olympics funding Trump pledges to fund Special Olympics, reversing proposal by Education Secretary Betsy DeVos
(DBN)

56% say Trump has done "too little" to distance himself from white nationalists
(DBN)

Pete Buttigieg makes the case for “democratic capitalism”
(DBN)

Wayne Messam, a mayor in Florida, joins the 2020 Democratic race as a big-time underdog
(DBN)

Howard Schultz on big business, socialism, and the presidential potential of Joe Biden and Alexandria Ocasio-Cortez
(DBN)

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Personal Finance:

For the winner of $768.4 million Powerball jackpot, the taxman cometh
(DBN)

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Sovereigns:

Q&A with sovereign debt legend Lee Buchheit
(DBN)

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UK:

In a Bid to 'Take Back Control,' Britain Lost It The last 24 hours of Brexit, explained Brexit is Killing a British Stereotype The Brexit Day that wasn't 'Like the living dead': Theresa May heads for third defeat on her Brexit deal Dominic Raab: The divisive Brexiteer who could soon be Britain's Prime Minister
(DBN)

Clifford Chance and Slaughter and May ‘fess up to ‘unsatisfactory’ gender pay gaps
(DBN)

No, it's not just you, only 1 in 9 Americans think they could actually explain what's going on with Brexit
(DBN)

From Carillion to Interserve: the construction sector struggle Mitie keeps one eye on Interserve collapse, no swift action likely
(DBN)

Britain's Debenhams secures 200 mln stg of new funds Sports Direct weighs Debenhams options after bondholders back restructuring
(DBN)

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PIIGS:

Debt-stricken countries like Greece have continued repaying their creditors even though it's hammering workers' living standards. They should stick it to the banks and default instead
(DBN)

Troika Squeezes SYRIZA to Back Off Foreclosure Protection Under pressure from creditors, Greek gov't restricts borrower protection
(DBN)

Quinn children in settlement talks over €410m action after setback
(DBN)

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Canada:

Montreal Alouettes creditors may be closing in: report
(DBN)

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Bulgaria:

Bulgaria Under Pressure from the EU to Introduce Directive About Personal Bankruptcy
(DBN)

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Croatia:

Croatia Won't Back Shipyard as Bankruptcy Looms Silence Reigns as Bankruptcy Knocks on Uljanik's Frail Door Bankruptcy looms as Uljanik rescue plan rejected
(DBN)

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Venezuela:

A New Proposal for Restructuring Venezuelan Debt
(DBN)

Trump Warns Russia to ‘Get Out’ of Venezuela
(DBN)

Venezuelan gov’t bars Guaido from public office for 15 years
(DBN)

American Airlines suspends flights to Venezuela
(DBN)

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India:

Even British Airways and Philips stand to lose money in India's biggest financial scandal of 2018
(DBN)

Jet defaults on ECB due to 'temporary constraints' Jet Airways missed paying $109 million loan: Report Mid air turbulence: Change in Jet Airways ownership a test case for the extended insolvency framework Banks face fresh challenge after rescuing Jet Airways Rescue deal is no panacea for India's struggling Jet Airways
(DBN)

India’s bankruptcy code faces tough test in Essar Steel case
(DBN)

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MENA:

Saudi Arabia cites job application as evidence against female rights activist In Saudi trial, detained women speak of torture, abuse Saudi Arabia temporarily frees three women activists
(DBN)

Brunei to make adultery and gay sex punishable with death by stoning
(DBN)

US energy secretary says he’s unsure if Trump administration approved secret nuclear power tech sales to Saudi Arabia before or after Jamal Khashoggi’s murder Congress in Dark on Secret Saudi Nuclear Deal
(DBN)

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Singapore:

Indonesian white knight SM Investments hits out at Hyflux for not disclosing 'material information' earlier Hyflux creditors face risk of bigger losses after 'new information'
(DBN)

First recognition of US bankruptcy proceedings as foreign main proceedings under Singapore Model Law
(DBN)

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China:

China Moves Closer to Overhaul of Bankruptcy Law
(DBN)

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Japan:

Restructuring In Japan
(DBN)

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Australia:

Thousands of taxi drivers sign up to class action against Uber claiming the ride-share service has left them bankrupt
(DBN)

Administrators back Napoleon Perdis rescue by China expert and retail exec
(DBN)

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Barbados:

Painful restructuring
(DBN)

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Iceland:

WOW Air collapse to hurt Iceland's economy, central bank
(DBN)

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