March 4, 2019

The Daily Bankruptcy News

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Law:

Millennials are poised to take over; how will the legal industry need to change?
(DBN)

A Year in the Life of a Law Firm Mega Merger
(DBN)

Biglaw Firm Sanctioned Over ‘Willful Disobedience’ Of Court
(DBN)

Some law firm diversity initiatives are counter-productive
(DBN)

ABA Grants Full Accreditation To Two New Law Schools, Bringing Total To 204
(DBN)

College Juniors - Low-Status Alternative to Law School
(DBN)

It's Time To Overhaul The Lateral Hiring Process
(DBN)

Lawyers are 'Prototypes' in Suffering from Mental Health Problems
(DBN)

The High Cost Of Legal Education Saved Alexandria Ocasio-Cortez
(DBN)

Biglaw Firm’s Embarrassingly Sexist Blunder
(DBN)

Thanks to technology, lawyers can look fancy without spending a fortune
(DBN)

How Uber, Postmates, DoorDash and the gig economy are disrupting the legal industry
(DBN)

How can lawyers connect with more clients online?
(DBN)

Majority of lawyers will continue investing in tech for 2019, says new survey
(DBN)

So you think you know tech? Law firms do a check of their associates
(DBN)

Fueled by Hires and 'Happiness Factor,' McDermott Revenue Hits $1 Billion
(DBN)

Latham Breaks Records Again as Revenue Soars, Profit Jumps
(DBN)

As Its Chair Leaves for Big GC Role, Davis Polk Posts Best Year Ever
(DBN)

Baker Botts Again Posts Weaker Revenue, Profits, on Fewer Contingency Fees
(DBN)

Outsourcing is a smart business practice, but it brings ethical considerations
(DBN)

This Biglaw Partner Founded More Than Just An Elite Law Firm
(DBN)

Michael Cohen Could Practice Law Again, But It Won’t Be Easy Nunes: All of Mueller's Work Should be Public Report: Cohen Pitched Book Praising Trump Long After His Self-Proclaimed Change Of Heart IRS Analyst Indicted for Cohen Record Release I testified against Nixon. My advice for Michael Cohen Dems Ready to Hear From Trump Jr., Trump Org Executive The Mueller Report Might Just Disappoint Everyone Manafort to receive no sentencing leniency in 1 of 2 cases Michael Cohen Grilled Over Possible Trump Pardon Judge grills Roger Stone for failing to disclose book release Hannity 'Made Himself Into A Witness' On Cohen Comments Ben Stiller returns to SNL to roast Michael Cohen’s congressional testimony Mueller's Final Report Will Ignite an Epic War Over Disclosure The brewing fight over making the Mueller report public, explained Cohen team searching for early drafts of false statement to Congress Over 60 Trump-related documents to be requested from WH, House Judiciary Committee Chairman Jerrold Nadler says House Judiciary chair: "It's very clear" Trump obstructed justice U.S. House panel launches probe into possible obstruction by Trump Investigations of the President Start Ramping Up Today Senate Intel Committee Now Investigating Trump's Various Trips to Russia Trump Knows the Walls Are Closing In Maxine Waters Wants to Probe Trump Foundation The Testament of Michael Cohen Legal Expert: 'SDNY is Going to Be Waiting With Cuffs' if Trump Loses Re-Election in 2020 Here’s How Long Mueller Thinks It’s Going to Take to Prove Roger Stone Is Guilty Roger Stone suggests Robert Mueller ‘framed’ him in Instagram post that could violate gag order
(DBN)

William Barr Fills Front Office With Trump White House Lawyers
(DBN)

Rudy Giuliani, Derided as 'Trump's TV Lawyer,' Strikes Back at Michael Cohen, Lanny Davis
(DBN)

The Revenge of Rod Rosenstein
(DBN)

Smollett Attackers Apologize For Their Actions
(DBN)

Dems Intensify Probe of WH Security Clearances
(DBN)

California reporters urged to destroy arrest data against cops California AG Says Journalist Broke The Law By Obtaining A List Of Convicted Officers Via A Public Records Request
(DBN)

Trump Vows EO Demanding Free Speech at Colleges
(DBN)

In Defense of Harvey Weinstein’s Harvard Lawyer
(DBN)

It’s not a bust, ‘it’s a rescue’: Florida sting shows shift on trafficking
(DBN)

Trump Admin Extends TPS Protections to 250,000 Migrants Trump’s Surprising New Ally in Mexico? The Government Why are Separated Families Told to Use a Small Georgia Travel Agency to Reunite?
(DBN)

‘Sanctuary’ cities are getting their grants despite threats
(DBN)

Sacramento police officers will not be charged for fatally shooting Stephon Clark
(DBN)

Neo-Nazis in America Bigger Than Thought
(DBN)

Rand Paul to vote to block emergency declaration, forcing Trump veto
(DBN)

Federal judge tosses prof’s libel suit against New York Times, laments ‘fake news’ attacks on media
(DBN)

Federal judge sanctions lead lawyer in Roundup trial for opening statement ‘misconduct’
(DBN)

Chief tech officer accused of stealing nearly $900K from law firm in phony invoice scheme
(DBN)

Inside the Bezos Affair
(DBN)

Dershowitz Under Fire For Move That Could Partially Close Hearing On Infamous Epstein Case
(DBN)

Berkeley Police Arrest Attacker Of Conservative Activist Trump Says Conservative Activist Should Sue Berkeley over Assault
(DBN)

Jail Time Ahead For Student Who Embarked On Campaign Of Cyberstalking Following Law School Rejection
(DBN)

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Judges:

BK MA: Springfield and Worcester Offices Closed For Weather, Boston Open At Noon
(DBN)

BK NJ Newark: Delayed Opening (11 am) Due To Weather
(DBN)

BK SD NY (Poughkeepsie and White Plains): 2-Hour Delayed Opening
(DBN)

BK ED PA (Reading): 2-Hour Delayed Opening
(DBN)

California Attorney in Hot Water for Sexist Insult of Judge
(DBN)

Alito and Kagan Will Face U.S. House Members at Supreme Court Budget Hearing
(DBN)

Justice Thomas boosts DC Circuit nominee in conversations with two senators
(DBN)

Hold the Revolution: Roberts Keeps Joining High Court Liberals
(DBN)

Ex-bankruptcy judge appointed as special master in Chicago Police Department reform
(DBN)

In Case Where Lawyer Invokes Sexual Demons to Criticize Female Judge, Court Finds Misconduct
(DBN)

Trump Advances List of Judicial Nominations
(DBN)

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Wall Street:

U.S. stock futures climb on reports trade deal will soon be finalized
(DBN)

Major European indexes rise as U.S. and China take steps towards trade agreement
(DBN)

S&P 500 snaps 3-day losing streak as US stocks close higher
(DBN)

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Layoffs:

Trucking company's bankruptcy filing results in nearly 100 layoffs
(DBN)

New England Motor Freight workers settle with company
(DBN)

Indiana hospital closure to cost 200 people their jobs
(DBN)

Encana cutting 274 Houston jobs
(DBN)

IL: WIU announces more than 130 layoffs
(DBN)

Duke Energy's latest wave of job cuts: 1,900
(DBN)

Tesla Starts Closing Stores Today
(DBN)

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Retailing:

Malls Take a 48-Hour Beating as Retailers Cull Over 300 Stores More than 4,300 stores are closing in 2019 as the retail apocalypse drags on — here's the full list
(DBN)

Under Amazon, Whole Foods prices were expected to decrease. Instead, they’re rising Amazon is reportedly launching a new line of grocery stores in major US cities Can grocers withstand Amazon's latest onslaught?
(DBN)

Children's Place to buy Gymboree, Gap absorbs Janie and Jack Gap snaps up high-end children’s label at Gymboree bankruptcy auction
(DBN)

Neiman Marcus just got a lifeline: 3 more years before it must refinance its debt Neiman Marcus, lenders reach financial agreement that includes MyTheresa
(DBN)

Committee investigates dividend payments by Shopko to equity owners, including Sun Capital
(DBN)

Pier 1 lenders organize amid concerns of financial deterioration
(DBN)

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Banking:

This banking giant has banned staff from working at home — and they’re not happy
(DBN)

Massive Settlement in Wells Fargo Bogus Account Scandal Derivative Suit
(DBN)

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Marijuana:

How the unsteady rise of the pot industry has made dime bags a billion-dollar business
(DBN)

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Electricity:

Stanford Law’s Marcus Cole on PG&E Bankruptcy: No Free Lunches
(DBN)

For PG&E Board Candidate, ‘Job One Is to Restore the Public Trust’
(DBN)

Hedge fund BlueMountain nominates Jeff Ubben and 12 others to PG&E board
(DBN)

New PG&E leadership? Sacramento developer, politico Phil Angelides jumps into the fray
(DBN)

Apollo bets on Clearway Energy, defying PG&E bankruptcy fallout
(DBN)

PG&E expects to continue discussions with shareholders, including BlueMountain, and others on appropriate composition of Board
(DBN)

Attorneys: PG&E has long failed to handle wildfire risk
(DBN)

For Camp Fire Survivors, PG&E’s Bankruptcy Makes an Already Difficult Recovery Even More Complicated
(DBN)

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Maritime:

Hanjin Heavy Industries may be next M&A target after it falls under state lender
(DBN)

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Economy:

Incomes Drop, Spending Lowest Since 2009 Personal Income decreased 0.1% in January, increased 1.0% in December
(DBN)

Q1 GDP Forecasts: Starting Low
(DBN)

2.9 Percent
(DBN)

US economic growth continues to slow
(DBN)

How the Republicans moved the goal posts on GDP
(DBN)

Consumer Price Index, Jan. 2004-19
(DBN)

Inside the Hottest Job Market in Half a Century
(DBN)

The average worker isn’t seeing Trump’s “economic miracle.” Here’s why.
(DBN)

Ivanka Trump: Americans are undoubtedly better off now
(DBN)

All the bad news on the economy can’t overshadow where the real strength lies
(DBN)

Will Congress repair the safety net for older Americans?
(DBN)

Debt is suddenly hot
(DBN)

Trump says strong US dollar, rate hikes are hurting economy
(DBN)

ISM Manufacturing index Decreased to 54.2 in February
(DBN)

US Continues to Slam the World Trade Organization Trump Asks China to End Produce Tariffs Enormous Progress Made in U.S.-China Trade Talks, Hassett Says Adapting to Endless China Tariffs Huawei CFO Meng Wanzhou is suing Canada over her arrest Huawei reportedly preparing to sue US government China is reportedly offering lower tariffs on some US products as trade deal inches closer U.S., China in final stages of trade talks, with formal deal possible by month’s end Goldman Sachs takes a look at what a US-China trade deal might look like
(DBN)

Plan is to Use New Deficits Against Democrats
(DBN)

Undocumented immigrants pay millions of dollars in state taxes — even in the reddest states
(DBN)

Trump said he wanted more 'highly skilled' immigrants to come to the US. But educated foreign workers are leaving the US, saying Trump doomed their American dreams.
(DBN)

US Trucker Shortage About to Hit Consumers
(DBN)

The US just officially hit the debt ceiling, setting up another high-stakes showdown for the fall Steve Mnuchin Will Deploy His Chiseled Good Looks And Potent Charisma To Get Nancy Pelosi To Raise The Debt Ceiling
(DBN)

How will AI change our lives? Experts can’t agree — and that could be a problem
(DBN)

Trump Had His Own Wealth Tax in 1999—But the Math Was Wrong
(DBN)

The Green New Deal Price Tag: $5.4 Trillion.
(DBN)

Bernie FactCheck: Raising the federal minimum wage to $15 "would give more than 40 million low-wage workers a raise, more than 25 percent of the U.S. workforce"
(DBN)

Hotels: Occupancy Rate Decreased Year-over-year
(DBN)

How Old Is Old?
(DBN)

Visualizing 200 Years Of U.S. Population Density
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Demographics: Renting vs. Owning
(DBN)

Lawyerly Lairs: A Biglaw Name Partner’s New $8 Million Abode
(DBN)

Banks offered homeowners refinances after the crisis, but Americans had stopped trusting banks
(DBN)

Where Unpaid Water Bills Can Mean Losing a Home
(DBN)

Freddie Mac: February forecast hints at a mortgage market slowdown
(DBN)

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Municipalities:

PR: Where capitalism gets its green light
(DBN)

FEMA denies Puerto Rico request for help processing backlog of bodies
(DBN)

How big is Puerto Rico's economy? We may soon find out
(DBN)

Rep. Darren Soto's Puerto Rico Recovery Blueprint
(DBN)

Assured Guaranty sees strong legal claim on Puerto Rico GO bonds
(DBN)

Yale Benefits From the Puerto Rican Debt—These Students Are Fighting to End That
(DBN)

First Circuit Declares Appointment of FOMB Members Violates Appointments Clause
(DBN)

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Aviation:

Southwest Airlines Sues Mechanics Union
(DBN)

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Climate:

California Is Stuck Fighting Climate Change With a Bankrupt, Distrusted Company
(DBN)

Why We Don't Notice It's Getting Warmer
(DBN)

Alabama tornadoes kill many, as storms strike Southeast More than 20 killed as tornadoes tear through Deep South Toll expected to rise: Sheriff Photos show devastation from Alabama tornado swarm that killed at least 23 people, including 2 children
(DBN)

New York City closes schools ahead of fierce winter storm
(DBN)

Grandfather of Climate Science: Last Warning
(DBN)

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Pharma:

Insys Therapeutics employees bribed doctors to over-prescribe fentanyl-based pain drug
(DBN)

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Autos:

GM: Final Day for Lordstown Stamping Plant The Last Days of Lordstown
(DBN)

Tesla will go bankrupt: Muddy Waters Research's CIO Tesla's Losses Are We Watching The Nine Lives Of Tesla And Elon Musk Finally Run Out?
(DBN)

Autoworker Upheaval Leaves Families Behind
(DBN)

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Construction:

WI: KPH Construction files for bankruptcy
(DBN)

Firm behind Miami bridge that collapsed filing for bankruptcy protection Bankruptcy filings show contractor MCM racing to survive after FIU bridge collapse
(DBN)

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Healthcare:

Landlord LTC Properties doubts Senior Care Centers’ ability to emerge from bankruptcy as a viable entity, is lining up new tenant
(DBN)

Southern Indiana hospital to close in April after 10 years
(DBN)

Bankruptcy judge OKs sale of 3 Florida hospitals for $63M
(DBN)

Passport Health slashes costs to reduce insolvency risk
(DBN)

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Coal:

Kemmerer mine sale underscores need for bankruptcy law reform
(DBN)

Westmoreland: Bankruptcy Court Approves Sale Of Assets Under Chapter 11 Plan
(DBN)

Coal miners union says $6 million set aside for Kemmerer retiree health care won't last the year
(DBN)

Westmoreland Beulah Mine Misses Settlement Deadline to Avoid Bankruptcy
(DBN)

US Coal Plants Polluting Groundwater
(DBN)

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Food/Beverage:

Oregon 'Mega-Dairy' Sold for $66.7 Million, Auctions off 8,000 Cows
(DBN)

Restaurant Performance Index declined in January.
(DBN)

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Personal Finance:

Lessons from a month-long ‘spending fast’
(DBN)

Most Retirees Spending $4,000 Per Month
(DBN)

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Celebs:

Katie Price 'hits rock bottom' as money woes spiral out of control
(DBN)

Is The Beverly Hills 90210 Reboot The Payday That Will Fix Broke Tori Spelling's Money Woes?
(DBN)

End of Casey Anthony bankruptcy case concludes legal saga
(DBN)

Roseanne: #MeToo Just Hos'
(DBN)

______________

Telecoms:

Doug Collins vows to hold Windstream accountable despite bankruptcy filing
(DBN)

Windstream Deep Dive
(DBN)

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Debt Collection:

Debt Collector Seizes Family’s Prized Pug and Sells It on eBay
(DBN)

U.S. Supreme Court Will Decide Key FDCPA Statute of Limitations Issue
(DBN)

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Farming:

Price slump pushes farm loan delinquencies
(DBN)

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New Bankruptcy Opinions
(9 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (31 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (11 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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Litigation:

Question Your Motives
(DBN)

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Executory Contracts:

Contract Rejection Damages as Administrative Claims in Bankruptcy
(DBN)

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Miscellaneous:

Chambers: Securitisation 2019
(DBN)

Rochelle
(DBN)

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D&O:

D&O Insurance and the Bankrupt Portfolio Company—Are the Director Designees of PE Owners Actually Covered?
(DBN)

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Automatic Stay:

Bankruptcy Judge Holds That Lender’s Retention of Voluntary Post-Petition Payment From Non-Estate Funds Doesn’t Constitute Violation of the Automatic Stay
(DBN)

Bankruptcy Court Holds Automatic Stay Inapplicable to Removal of State Court Action Against Debtor
(DBN)

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Fraud:

Wells Fargo's $240M Settlement for Fraud
(DBN)

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Travel:

Southwest Airlines Boeing 737 Smashes Wing During Turbulent, Vomit-Inducing Landing Attempt
(DBN)

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Politics:

Trump Aides Keep Writing Memos to Protect Themselves
(DBN)

Trump calls Russia probe "b-------" at CPAC 2019 In Trump's wide-ranging, 'off-script' CPAC speech, he ignored his chaotic week and lashed out at Mueller and Democrats CPAC 2019: Trump Scorched Earth Speech CPAC Speakers See Bogeymen Socialists Everywhere GOP Strategist on Trump at CPAC The 7 most bizarre moments from Trump’s long-winded CPAC rant 'Lock her up' chant erupts 'SNL' mocked wild moments from Trump's two-hour CPAC speech: 'What the hell was that?'
(DBN)

Trump: Some in Congress Hate Our Country
(DBN)

Trump trails a generic Democratic rival in the early stages of the 2020 race, NBC/WSJ poll shows
(DBN)

Trump’s Job-Approval Rating Ticks Up, Along With Warning Signs
(DBN)

House Judiciary to request documents from Trump Jr., dozens in administration
(DBN)

Even WSJ Says Trump is Damaging the GOP
(DBN)

NBC News/WSJ poll: 2020 race will be uphill for Trump, but he has strong party loyalty Trump's Base Clings Tight Despite Rising Tide of Troubles
(DBN)

Trump promotes his own golf course in tweet on U.K. diplomacy
(DBN)

Nancy Pelosi details 'shocking' first meeting with President Trump
(DBN)

Fox Pundit Slams AOC in Unicorn-and-Cannibalism Tirade
(DBN)

Kochs Unhappy with Trump and Populists
(DBN)

The Democrats’ Nonstop Trump Investigations
(DBN)

Calif. Justice Dept. paid $1.1 million for harassment claims filed while Harris was AG: report
(DBN)

Experts: Bolton Messed Up NKorea Deal John Bolton tries to play clean up after Trump's Otto Warmbier remarks Trump: Comments on Warmbier Misstated Otto Warmbier's Parents Are Not Happy Senators Fume: Trump's Warmbier Comment Trump Tells People To Remember Who Freed Otto Warmbier Warmbier Negotiator Agrees With Trump: Kim Didn’t Know McCarthy says he believes North Korea's Kim knew about Warmbier, contradicts Trump Now Trump Says Cohen Ruined NKorea Pact Trump Says He’s Taking Kim Jong Un’s ‘Word’ on Warmbier’s Torture and Death — a Federal Judge Said Otherwise
(DBN)

North Korean hackers struck U.S. networks as Trump met Kim: Report
(DBN)

Ilhan Omar reignites anti-Semitism controversy in exchange with top House Dem West Virginia GOP Compares Dem Rep Ilhan Omar to 9/11 Terrorist
(DBN)

House Demands Kushner Clearance Details
(DBN)

Gov. Jay Inslee is Running for President
(DBN)

Is Andrew Cuomo the Best Democrat to Beat Donald Trump?
(DBN)

Bernie Sanders declines to back reparations
(DBN)

Joe Biden Backtracks After Calling Vice President Pence 'a Decent Guy'
(DBN)

Former Colorado Gov. John Hickenlooper launches presidential bid, touting executive experience
(DBN)

Eric Holder says he won't run in 2020
(DBN)

Ocasio-Cortez is a ‘pompous little twit’ and a ‘garden-variety hypocrite,’ says former Greenpeace Canada president
(DBN)

Former top national security officials detail a climate of fear, incompetence and hostility to facts in a White House that wasn't ready to run the world
(DBN)

House to vote on sweeping anti-corruption package
(DBN)

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UK:

Don’t give up on Britain yet — the odds of ‘hard Brexit’ just shrank Brexit is less than 30 days away and there's still no sign of a deal UK construction industry shrinks as Brexit hits confidence UK-Brexit's Auto Industry Under Siege Britain After Brexit "What Surprises Me Is the Extent of the Mess"
(DBN)

Retail, food sectors see spike in corporate insolvency
(DBN)

Rolls-Royce Believes it Would Have Gone Bankrupt Without BMW's Support
(DBN)

HMRC consults on insolvency preferential creditor plans
(DBN)

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EU:

Cross - border insolvency: making a case of harmonized insolvency laws across the EU
(DBN)

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PIIGS:

Tsipras Wants to Avoid Fallout from Troika Reform Criticisms
(DBN)

Greece Wins Moody's Upgrade as Reforms Starting to Bear Fruit
(DBN)

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Venezuela:

Russia, China Warn US Over New Actions Against Venezuela
(DBN)

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MENA:

Dubai regulator says Abraaj collapse may spur oversight changes
(DBN)

What Is Absher? Controversial Google-approved Saudi App
(DBN)

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India:

IBBI issues Charter on Responsibilities of Insolvency Professionals and CoC
(DBN)

Putting onus on borrower is bankruptcy law’s biggest plus point: PNB’s Sunil Mehta
(DBN)

Unable to pay up? Top bidder to face penalty under new rule of insolvency regulation
(DBN)

Insolvency and Bankruptcy Code missing timelines
(DBN)

Jet Airways grounds 2 more planes, 20% of its fleet now out of operations
(DBN)

Home buyers want to take over debt-laden property developers
(DBN)

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Philippines:

Why China’s eyeing of bankrupt Philippine shipyard sets off alarms in maritime Southeast Asia
(DBN)

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Nigeria:

Power sector risks bankruptcy as financial crisis hits N4 trillion
(DBN)

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Australia:

Australians admit financial worries is making them sick
(DBN)

The Man, The Myth, The Legend: Court Unravels Insolvent Transactions
(DBN)

'We've only just begun to fall': A closely watched economic bellwether is looking bleak
(DBN)

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Mozambique:

Mozambique Debt Restructuring to Continue as Scandal Grows
(DBN)

Mozambique Wants to Void $622 Million Credit Suisse Loan Mozambique files case against Credit Suisse
(DBN)

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China:

China’s defaults put focus on key gauge of industrial strains
(DBN)

China's super rich are losing faith in the country's economy, with some even worried it will turn into the next Venezuela
(DBN)

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