March 6, 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:

Pregnancy Discrimination Lawsuit Against MoFo Spirals And Gets Yet Another Plaintiff
(DBN)

Black Lawyer Calls Firm’s Diversity Stance ‘Lies’
(DBN)

Clifford Chance offers lawyers two months unpaid holiday
(DBN)

Brown Rudnick names bankruptcy partner as new chief executive Brown Rudnick’s William Baldiga to Become Firm’s New Chief Executive Officer
(DBN)

Mayer Brown expands restructuring capabilities in London with hire of two partners
(DBN)

Quinn Emanuel adds bankruptcy duo
(DBN)

Why Do Laterals So Often Fail? Poor Due Diligence, Researchers Say
(DBN)

Akerman Sees Income, Revenue Rise in Year of Unexpected Leadership Shift
(DBN)

Jenner & Block's Revenue Slips for Third Straight Year as PEP, RPL Rebound
(DBN)

GrayRobinson Posts Flat Revenue as Firm Streamlines Operations
(DBN)

Robinson Bradshaw Accused Of Diversity Fraud By Black Attorney
(DBN)

Ex-law firm partner struck off after failing to report cocaine conviction to regulator
(DBN)

Best Advice At This Biglaw Firm Is Not To Ever Have Sex
(DBN)

Mystery law student bids over £6,000 to have lunch with Amal Clooney
(DBN)

T14 Law School Professor’s Tradition Of Using The N-Word In Class
(DBN)

‘An American Hero’: One Of Trump’s Former Attorneys Praises Robert Mueller Trump's former White House lawyer calls Robert Mueller an 'American hero' and says he isn't on a 'witch hunt' House Readies for More Cohen Testimony White House refuses Democrats' demand to hand over security clearance records Trump signals White House may not comply with House Judiciary requests Trump’s False Claim That Obama ‘Didn’t Give One Letter’ to Congressional Inquiries Trump Dismisses 81 House Document Requests Trump, Allies Attack House Probes as ‘Fishing Expedition’ Trump friend and inaugural chair Tom Barrack plans to cooperate with House Judiciary requests New York regulators subpoena Trump Organization’s insurer as part of big probe of business Adam Schiff Hires a Former Prosecutor to Lead the Trump Investigation Judge slams Roger Stone over book criticizing Robert Mueller, demands he comply with gag order Judge could revoke Roger Stone's bail because his new book calling Mueller 'crooked' is still on sale despite gag order The new drama over whether Roger Stone violated his gag order, explained Judge doubles down on Roger Stone over Instagram posts Will the Mueller Report Stay Secret? U.S. v. Nixon Holds Clues Former CIA director Brennan: Expect Mueller to issue more indictments Six Tips for Preparing for the Mueller Report, Which May or May Not Be Coming
(DBN)

Poll: 64% of voters believe Trump committed crimes prior to presidency
(DBN)

More voters believe convicted felon Michael Cohen than President Trump, poll says
(DBN)

Alabama teen in racist video apologizes: 'I will do everything in my power to be better'
(DBN)

Democrats brace for Trump tax return legal fight that could reach Supreme Court Democrats’ demand for Trump’s tax returns expected in about 2 weeks
(DBN)

McConnell says Trump likely to veto to resolution to end national emergency
(DBN)

Former Acting AG Whitaker leaves Justice Department; he agreed to clarify House testimony
(DBN)

Trump signs bill reversing Obama rule to ban gun purchases by mentally ill
(DBN)

Border at ‘Breaking Point’ as More than 76,000 Migrants Cross in a Month How many Senate Republicans are going to rebel against Trump's border emergency? Trump is quietly forcing more asylum seekers to wait in Mexico Apprehensions of migrant families rise dramatically along southern border Record-breaking family migration overwhelming border agency Migrant Families Arrive In Busloads As Border Crossings Hit 10-Year High
(DBN)

21 states announce suits over ban on federal funds for clinics that provide abortion referrals Planned Parenthood sues to block Trump's rule AMA: Trump family-planning abortion rule risks health crisis
(DBN)

FBI director finds foreign campaigns against U.S. are relentless
(DBN)

Teen spiked stepdad's drinks with cattle tranquilizer
(DBN)

Indonesian couples flogged in front of crowd for having pre-marital sex
(DBN)

______________

Judges:

BK CD CA: Comment Period for Court’s Proposed Strategic Plan
(DBN)

U.S. Bankruptcy Judge Theodor C. Albert of Central District of California Reappointed
(DBN)

Jane Sullivan Roberts, Wife of Chief Justice, Opens DC Outpost for Recruiter MLegal Mlegal Adds Jane Sullivan Roberts, Chief Justice's Wife, In DC
(DBN)

The Senate confirms Allison Rushing, a judicial nominee who once interned for a hate group
(DBN)

Justice Ginsburg outpaces other justices for majority opinions this term
(DBN)

Federal judge regrets appearing in group frat photo with Confederate flag
(DBN)

Lawyer’s ‘succubustic’ claim should be reported as gender bias to state bar, court concludes
(DBN)

Merrick Garland Loves ‘My Cousin Vinny’ And Isn’t Afraid To Tell Us All About It
(DBN)

Two recent opinions by Justice Clarence Thomas should alarm us all
(DBN)

______________

Wall Street:

Stock futures edge lower as investors brush off China stimulus
(DBN)

Stocks close slightly lower as investors seek catalysts beyond US
(DBN)

Suits and ties now optional: Goldman Sachs says it’s relaxing its dress code Goldman Sachs goes casual for millennials
(DBN)

US regulators are reviving efforts to place limits on Wall Street pay
(DBN)

______________

Layoffs:

New England Motor Freight's shutdown to eliminate 233 Maryland jobs
(DBN)

Musk Is Said to Blindside Tesla Staff With Store Wind Down
(DBN)

______________

Logistics:

Amazon took over the $176 billion market for cloud computing. Now it's using the same playbook in logistics.
(DBN)

______________

Climate:

Federal emergency funds benefit richer, whiter communities, studies show
(DBN)

The Market Believes Climate Change is Real
(DBN)

Alabama's 23 tornado victims have been identified. One family lost seven people
(DBN)

Trump directs FEMA to give Alabama the 'A Plus treatment' after deadly tornado
(DBN)

58 former national security leaders oppose Trump climate panel
(DBN)

______________

Retailing:

Aurelius Among Firms Pushing Neiman Marcus to Aid CDS Wagers
(DBN)

Target CEO sounds a more cautious note after crowing about consumers last year
(DBN)

Holiday season defines winners and losers in retail
(DBN)

David's Bridal CEO, CFO step down
(DBN)

______________

Student Debt:

Here’s how $50,000 in student debt becomes nearly $100,000
(DBN)

New Bill By Rubio, Warren Would Stop States From Suspending Job Licenses Over Unpaid Student Loans
(DBN)

______________

Healthcare:

California company buys Overland Park hospital
(DBN)

Voters approve deal that paves way for sale of Sebastopol hospital
(DBN)

______________

Personal Finance:

Liberals, millennials more willing to ‘stretch the truth’ to get ahead
(DBN)

______________

Mining:

Cliffs CEO calls on Walz, DNR to transfer Nashwauk leases
(DBN)

______________

Waste:

Is This the End of Recycling?
(DBN)

______________

Golf:

Golf club maker Warrior Custom Golf succumbs to Ch. 11 bankruptcy
(DBN)

_____________


Economy:

ISM Non-Manufacturing Index increased to 59.7% in February
(DBN)

U.S. runs January budget surplus of $9 billion Federal budget deficit leaps 77 percent so far for fiscal 2019
(DBN)

Fed GDPNow latest forecast: 0.3 percent
(DBN)

Bill Gates: ‘For the first time in my life, people are saying, Okay, should you have billionaires?’
(DBN)

OECD cuts forecasts, warning that Trump's trade war, China's slowdown, and a fragile Europe are threatening to 'derail' the world economy OECD cuts both 2019 and 2020 global growth outlook
(DBN)

Credit Card Debt Ends Year At Record High U.S. Credit Card Debt Closed 2018 at a Record $870 Billion
(DBN)

Ex-Obama advisor Larry Summers rips 'dangerous' economics backed by Ocasio-Cortez and other Dems Summers Slams MMT As `Fallacious' As Economics Battle Heats Up Some Key Ideas Behind MMT, The Theory Everyone's Talking About
(DBN)

No matter what happens, there's going to be a fight after this US-China trade deal Krugman: How Goes the Trade War? Consumers, not foreigners, are paying the Trump tariffs India Becomes Trump's Latest Trade Target The risk for India after Trump moves to end special trade treatment Trump's trade battle with India kicked off after it refused to allow US companies to jack up prices on key medical equipment Meaningful US-China Trade Deal is Hard
(DBN)

Trump jumped 51 spots in Forbes' ranking of the wealthiest people in the world, even though the president didn't get any richer
(DBN)

Experts say small tax refunds are a good thing, but a look at how Americans spend the cash explains why they don't feel the same
(DBN)

Battle has begun over Democrats’ economic agenda
(DBN)

Alexandria Ocasio-Cortez Throws Support Behind Financial Transactions Tax
(DBN)

Judge rules employers must disclose pay by gender, race
(DBN)

The Controversy Around Stock Buybacks Explained
(DBN)

Is age discrimination by employers being exaggerated?
(DBN)

Target is raising its minimum wage as part of its latest barrage in the war for talent
(DBN)

Forbes' 2019 billionaires are worth a combined $8.7 trillion
(DBN)

Harris Poll: 100 Most Respected Corporations America's least favorite company is the U.S. government
(DBN)

Where you'll pay the most – and least – on state and local taxes in the US
(DBN)

Republicans, seeing opportunities in the suburbs, advance paid leave plans
(DBN)

Why the Eight Hour Workday Doesn't Work
(DBN)

The New Deal Wasn’t What You Think
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

New-home sales tick up in December as housing market ekes out a tiny gain for 2018 New home sales rise 3.7% in December, signaling promising spring home buying season New Home Sales increased to 621,000 Annual Rate in December A few Comments on December New Home Sales
(DBN)

Weekly mortgage applications fall, but hint at who is buying homes today
(DBN)

CoreLogic: House Prices up 4.4% Year-over-year in January
(DBN)

Private Fixed Investment in Offices, Lodging and Malls as a Percent of GDP Since 1959
(DBN)

CMBS Delinquency Rate Drops Below 3% Threshold
(DBN)

The 10 Richest U.S. Zip Codes
(DBN)

Median 1-Bedroom Rent In San Francisco Soars To Nearly $3,700 A Month
(DBN)

Buyer Beware: Hollywood Special Effects Now Permeate Property Listings
(DBN)

____________

Municipalities:

Puerto Rico’s Restructuring: A Brief Update
(DBN)

Judge denies Puerto Rico fiscal board request to compel certain bond insurer documents
(DBN)

______________

Banking:

An explosive exposé of a $9 billion Russian money-laundering operation entangles Citigroup, Raiffeisen, and Deutsche Bank
(DBN)

Wall Street is in full sell mode on Deutsche Bank
(DBN)

______________

Autos:

A Town Made By Cars Awaits Life After General Motors
(DBN)

BEA: February Vehicles Sales at 16.6 Million SAAR
(DBN)

Tesla stock slides another 4% as analysts question recent decisions, fret about cash burn Tesla's Problems In China Highlight Its Biggest Threat: Negative Working Capital Tesla's image tumbles in new survey Big Tesla backer doesn’t oppose a Musk ouster: ‘I don’t think he needs to be CEO’
(DBN)

Morgan Stanley says automakers want to sell cars like Tesla does but can’t: ‘It’s against the law’
(DBN)

Carlos Ghosn finally granted bail, after a 108-day ordeal more humiliating than any faced by a modern CEO
(DBN)

______________

Pharma:

What happens if Purdue Pharma declares bankruptcy? OxyContin Maker Purdue Pharma's Legal Entanglement, Explained Connecticut will “aggressively pursue” claims against Purdue Pharma NH: Possible Bankruptcy of Purdue Pharma Could Affect Local Lawsuits Against the Drugmaker Here's what you need to know about Purdue Pharma and the opioid crisis
(DBN)

Even Without Purdue Pharma, Sackler Family Is Worth $13 Billion
(DBN)

U.S. Opioid Lawsuits May Cost Teva Up to $3 Billion Opioid lawsuit concerns hit Teva
(DBN)

FDA Commissioner Scott Gottlieb is resigning A look at Scott Gottlieb's legacy as FDA head Scott Gottlieb was one of the few Trump officials taking on the opioid crisis. Now he’s out.
(DBN)

______________

Celebs:

Are Casey Anthony's Legal Troubles Over? 2019 Update
(DBN)

Teresa Giudice’s Being A “Team Player” And Is “Fully On Board” To Film Husband Joe’s Deportation Situation For RHONJ!
(DBN)

______________

Coal:

Colorado's Westmoreland Coal To Leave Bankruptcy
(DBN)

The struggle for coal miners' health care and pension benefits continues
(DBN)

In Wyoming, A Contest To Capture Carbon And Save Coal
(DBN)

Westmoreland's creditors will take ownership of San Juan Mine
(DBN)

______________

Crypto:

Judge extends QuadrigaCX's protection from creditors Court Gives QuadrigaCX 45-Day Extension in Search for Crypto Millions Widow of QuadrigaCX Founder Seeks Compensation for Creditor Protection Court Costs
(DBN)

______________

Metals:

Pacific Steel Casting Company finances revealed during bankruptcy hearing
(DBN)

______________

Mass Torts:

FDA says tests confirm asbestos in makeup from Claire's, Justice FDA Warns of Asbestos in Claire Cosmetics; Seeks New Rules on Talc
(DBN)

______________

Politics:

Michael Bloomberg says he will not run for president in 2020 Michael Bloomberg won’t run for president in 2020, but says he will work to defeat Trump Mike Bloomberg says Green New Deal ‘stands no chance’ in Senate, offers alternative plan
(DBN)

Bernie Sanders calls for change 'from the bottom up'
(DBN)

Does Foreclosure Affect How We Vote?
(DBN)

Trump's Rating on Economy Still Top Strength, Hits New High
(DBN)

Satellite photos show North Korea rebuilding nuclear infrastructure days after summit with Trump collapsed
(DBN)

Trump reportedly pressured his staff to grant Ivanka and Jared Kushner their security clearances
(DBN)

Democrats delay anti-Semitism vote after fallout from Omar remarks Anti-Semitism Rebuke Threatens Rift Among House Democrats The Ugly History of Dual-Loyalty Charges
(DBN)

California Is Ground Zero for the Resistance
(DBN)

How Trump Buried His High School Transcript How Trump's high school transcript was hidden after he demanded Obama release his academic records
(DBN)

______________

Fraud:

Ex-Barclays Trader's Sudden Acquittal Sends Shock Waves
(DBN)

_____________

 


New Bankruptcy Opinions
(17 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (22 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (6 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)

______________

CDS:

Wall Street Titans Cut Deal to Clean Up Shady CDS Trades
(DBN)

______________

Mediation:

Mediation Agreements as “Res Judicata”: Solid as Rock
(DBN)

______________

Awards:

SMU Dedman School of Law Wins 27th Annual Conrad B. Duberstein National Bankruptcy Moot Court Competition
(DBN)

______________

UCC:

No Attached Collateral Description Means No Perfection
(DBN)

______________

Conflicts:

How Firms Can Avoid Conflicts Involving Corporate Affiliates
(DBN)

______________

Standing:

Fifth Circ. Distinguishes Derivative Versus Individual Claims Against Third Parties
(DBN)

______________

Labor:

Moving workers to front line in corporate bankruptcies
(DBN)

______________

Conglomerates:

GE Stock Is Dropping Because CEO Larry Culp Revealed Something Troubling
(DBN)

______________

Aviation:

Equity firm pitches in $140 million to The NORDAM Group's Chapter 11 emergence effort
(DBN)

Southwest’s maintenance problems are costing it millions a week, CEO says
(DBN)

______________

Fraud:

Rajaratnam's $92.8 million SEC civil fine is upheld
(DBN)

______________

Pensions:

California's Supreme Court takes cautious steps on public employee pensions
(DBN)

______________

Auto Racing:

Agreement on back rent may delay racing school takeover
(DBN)

______________

Telecoms:

Windstream CEO says local jobs won't be affected by bankruptcy filing: Schumer
(DBN)

FCC watchful as Windstream files for bankruptcy protection
(DBN)

______________

Food/Beverage:

Munchery Leaves Consumers, Vendors Out $6M
(DBN)

______________

Apparel:

Jeans maker Diesel USA files for bankruptcy Jeans brand Diesel USA files for Chapter 11 bankruptcy Diesel USA Files for Bankruptcy as Turnaround Fails Diesel Jeans files for bankruptcy as turnaround lags Diesel Files for Bankruptcy After Paying a Bunch of Fake Invoices
(DBN)

______________

Television:

'American Idol' Lenders' Claims Sent To NY Court
(DBN)

______________

Maritime:

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

______________

Education:

Oakland private school faces financial crisis after donated art turn out to be worthless
(DBN)

The success rate of four-year public college students varies widely by race
(DBN)

______________

Farming:

Do bankruptcy numbers show the whole farm economic picture?
(DBN)

______________

Religion:

New accusation of abuse against Chile's Catholic church
(DBN)

The Church that Seemed Beautiful
(DBN)

Philadelphia Catholic Priest Arrested
(DBN)

Former priest at the heart of Catholic Church scandal in Minnesota dies
(DBN)

______________

UK:

Interserve rejects rescue plan from biggest investor
(DBN)

No-deal Brexit would plunge UK economy into recession – OECD Brexit: EU citizens risk suffering same fate as Windrush generation
(DBN)

BRC - KPMG Retail Sales Monitor February 2019
(DBN)

Can a 34-year-old Canadian business school dropout rescue Britain's HMV?
(DBN)

______________

EU:

OECD slashes eurozone economic growth forecasts
(DBN)

______________

PIIGS:

CFO of one of Italy’s largest banks says better capitalized lenders should offset ‘doom loop’ fear
(DBN)

Greek bond sale marks milestone in nation's recovery
(DBN)

Italy Economy May Be Headed for Worst Year Since 2013, OECD Says
(DBN)

______________

Canada:

Understanding the Scandal That's Tarnished Justin Trudeau's Glowing Image
(DBN)

______________

India:

Real estate firms move SC against 'financial creditor' tag for homebuyers
(DBN)

Banks say failure to pass insolvency amendments poses a risk to financial system
(DBN)

Banks risk adding $25 billion in power sector NPAs on Supreme Court decision
(DBN)

______________

MENA:

UAE bankruptcy law in effect: First firm restructured successfully
(DBN)

UAE non-oil companies cutting jobs at fastest rate in decade
(DBN)

Bankrupt firm gets back in business, thanks to Abu Dhabi court Abu Dhabi court saves company from bankruptcy
(DBN)

______________

China:

How China is luring poor nations into a debt-trap
(DBN)

Economists warn that China’s growth could plummet to 2 percent in the next decade
(DBN)

'Time for Chinese miracle': Beijing's new English language propaganda push
(DBN)

______________

Venezuela:

Venezuela's long and winding road to debt restructuring
(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 most recent edition of The Daily Bankruptcy News on the web at BKInformation.com.

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