July 1, 2019

The Daily Bankruptcy News

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Law:

Jones Day Disputes Female Lawyer’s Need to Sue Anonymously
(DBN)

Law firm awarded $900K in suit contending departing lawyers took confidential files
(DBN)

The Biglaw Firm Kicking Butt In Real Estate
(DBN)

What Makes A Good Book Of Business?
(DBN)

Law Firm Mergers Hit the Doldrums—for Now
(DBN)

Real Men Change Diapers - And Want Credit for It!
(DBN)

Trial Lawyer Lobby Sues Lawyer Group for Trademark Infringement
(DBN)

A Magic Circle Firm Goes on the Attack in the War for Talent
(DBN)

What the NLJ 500 Tells Us About Law Firm Hiring, Diversity and Competition
(DBN)

Can Cloud Providers Calm the Legal Industry's Apprehensions?
(DBN)

'Like a Band-Aid Over a Bullet Wound': The Disconnect Between Firms and Lawyers on Well-Being
(DBN)

Harvard Law School’s Own Larry Tribe Is Deeply Concerned About The Next Shoe That’s Going To Drop
(DBN)

Harvard Law School Alum And Managing Partner Raj De On The D.C. Market, Public Service, And Diversity In The Legal Profession
(DBN)

Barr's Dangerous Pursuit of Executive Power
(DBN)

New Mueller Report Shock: U.S. Suspected Mysterious Joseph Mifsud Of Being Russian Agent ‘Years’ Before 2016
(DBN)

Motel 6 to Pay $10M for Sharing Info w/ ICE
(DBN)

Judge Stops Indiana's Abortion Procedure Ban Justice Thomas weighs in on ‘dismemberment abortions’ and the undue burden standard
(DBN)

SCOTUS to Rule on Trump Ending DACA In the Arizona Desert, an Elite Border Patrol Unit Responds to Desperate Cases Plans Call for Less Asylum, More Deportations Amid immigration crackdown, undocumented abuse victims hesitate to come forward Court: Military Funds for Wall is Unlawful Migrants Tell of Detention Center Conditions Union for asylum officers files brief opposing remain-in-Mexico policy DHS expects 25% drop in border crossings in June, pointing to efforts to deter migration Man arrested for smuggling immigrants after answering Craigslist ad Leaked border apprehension numbers show drop
(DBN)

Millions of minor criminal cases in this state will be automatically wiped from public databases
(DBN)

Alabamians Defend Arrest of Woman Whose Fetus Died in Shooting Prosecutors Now Say They Might Not Go After Woman Who Miscarried After She Was Shot
(DBN)

Supreme Court to decide if retirees can sue US Bank over pension plan
(DBN)

34-year-old Princeton graduate convicted of murdering his father after cut to his allowance
(DBN)

Woman who tripped on collapsed 'wet floor' sign awarded $3 million
(DBN)

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Judges:

BK WD WA: Vacancy Announcement: Judicial Assistant
(DBN)

Gorsuch, Kavanaugh Differences are Striking Trump’s two Supreme Court justices Kavanaugh and Gorsuch split in first term together
(DBN)

Supreme Court term found Trump's justices, and others, forming unpredictable alliances
(DBN)

Final Stat Pack for SCOTUS October Term 2018
(DBN)

1 of 2 judges shot and wounded in White Castle parking lot is charged in the altercation
(DBN)

You Can Thank Justice Kennedy’s Retirement For The Supreme Court’s Gerrymandering Decision
(DBN)

SCOTUS by the Numbers: Liberals Score in More Close Cases
(DBN)

A judge is accused of dismissing mental illness. These lawyers want him off their cases.
(DBN)

Manuel Real, Long-Serving and Frequently Reversed District Judge, Dies at 95
(DBN)

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Wall Street:

Dow futures surge more than 280 points after Trump and Xi agree not to impose more tariffs
(DBN)

Stocks rise to close out Dow’s biggest June gain since 1938, S&P 500′s best first half in 2 decades
(DBN)

Best June for the Dow since 1938, S&P 500′s best first half in two decades
(DBN)

80% of the stock market is now on autopilot
(DBN)

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Layoffs:

Walmart to Fire 40% of Its Pharmacists
(DBN)

Toys R Us’ bankruptcy lawyers get $56 million while laid-off workers get $2 million
(DBN)

Deutsche Bank considers cutting up to 20,000 jobs Deutsche Bank board to meet July 7 to decide on job cuts
(DBN)

Philadelphia refinery workers plan for uncertain future after jobs go up in smoke Employees at Troubled South Philadelphia Oil Refinery File Lawsuit as Mass Layoff Is Expected
(DBN)

Cuts to 156 staff positions proposed in Tacoma’s 2019-20 school budget
(DBN)

Scores of layoffs hit San Juan Regional Medical Center
(DBN)

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Politics:

Trump Becomes First President to Enter NKorea Nuclear Talks with NKorea to Resume Julián Castro on Kim Jong-un: Trump has "raised the profile of a dictator" Trump's press secretary bruised after jostling with North Korea security over media, report says Trump's last-minute tweet to meet at the Korean border 'surprised' North Korea's Kim Jong Un Kim-Trump border meeting: History or just a photo-op? Trump in NKorea: History as Farce Trump’s Ego Is Officially a Foreign Policy Crisis Obama Never "Begged" for Meeting with Kim
(DBN)

Trump Escalates War with Jimmy Carter
(DBN)

Electoral Map Bias May Worsen on Gerrymandering Ruling
(DBN)

1996: When Trump Was Still in On the Joke
(DBN)

Trump: Defense Treaty With Japan Unfair
(DBN)

'Painful to watch': The French government released a video of Ivanka Trump having an awkward chat with world leaders
(DBN)

At summit, Trump favors strongmen over democratic leaders
(DBN)

Kamala Harris sees 6-point polling bump after taking on Joe Biden Kamala Harris  Has Some Explaining to Do 2020 Democrats defend Kamala Harris as false claims on her race resurface Graham: Harris will be a force to be reckoned with Kamala's Baggage as Big a Problem as Biden's Fact check: Kamala Harris was correct on integration in Berkeley, school district confirms Kamala Harris wins 2020 endorsement from 2 more Black Caucus members Kamala Harris' Big-Law Husband: Fact Sheet
(DBN)

Pete Buttigieg raises $24.8 million in the second quarter as his White House bid gains momentum
(DBN)

Antitrust hasn’t made this big a splash in presidential campaigns since 1912, says House antitrust counsel
(DBN)

Major Biden Fundraiser Ditches Him Facing criticism, Biden seeks to explain busing stance Fact Check: "I did not oppose busing in America. What I opposed is busing ordered by the Department of Education."
(DBN)

4th of July Salute to America Has Ticketed VIP Section
(DBN)

How Socialism Made America Great
(DBN)

Antifa, far-right demonstrators clash in Portland, Oregon, throw 'concrete milkshakes' Cruz calls for 'legal action' against Portland mayor after clash between far-right, antifa protesters
(DBN)

Report: U.S. is underestimating Putin's "grand strategy" for Russian dominance
(DBN)

FL: Gov. Curtails Felon's Right to Vote Again
(DBN)

17 Million Voters Removed from Rolls
(DBN)

Trump Thinks Liberalism is About Calif. Trump's apparent ignorance of basic political terms is on full display overseas
(DBN)

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Electricity:

PG&E Lobbying to Securitize Some Profits to Cover Fire Costs
(DBN)

PG&E Is Already Starting Fires Again, Just Weeks Into the Season
(DBN)

PG&E faces more financial woes over wine country wildfires that killed 44 people
(DBN)

California lawmakers move to implement Newsom’s utility wildfire plan
(DBN)

PG&E ready to cut power to prevent fires in hot and dry conditions
(DBN)

PG&E Accused of Disposing of North Bay Wildfire Evidence
(DBN)

4 new California laws go into effect on Monday
(DBN)

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Festivals:

Music festival VestiVille canceled last-minute, drawing Fyre Festival comparisons
(DBN)

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Accounting:

Global Accountants' Liability Update
(DBN)

____________

Radio:

iHeartMedia Approved for Direct Listing on NASDAQ
(DBN)

____________

Taxis:

Cabbies in crisis: City must act to end taxi turmoil
(DBN)

____________

Debt Collection:

TX: New state law will soon stop debt collectors from harassing you over old debts
(DBN)

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Economy:

Personal Income increased 0.5% in May, Spending increased 0.4% Personal Spending Increased in May
(DBN)

One-third of Americans have cut back on spending, and some fear a recession is coming Fearful of another recession, Americans are losing sleep over their finances
(DBN)

The never-ending boom
(DBN)

Chicago PMI "First sub-50 reading since January 2017"
(DBN)

Q2 GDP Forecasts: Around 1.5%
(DBN)

Trump keeps talking about ‘quantitative tightening,’ but he’s overstating its impact
(DBN)

5 Signs the Economy is Weakening
(DBN)

The economy is not on thin ice, but another poor jobs report will amp up the anxiety
(DBN)

Globalization is Dead: Need New World Order
(DBN)

The world needs shock therapy
(DBN)

‘I don’t think there should be an independent Fed,’ says Trump ally Arthur Laffer
(DBN)

Actual Fed President Asks Twitter To Teach Him About Facebook’s Crypto Thing
(DBN)

China: Long Road Ahead for US Trade Deal Trump tries to persuade supporters that no deal on China is a win Experts on Trump's China Policy US China Trade War: Each Others' Levers America Asleep on China Rare Earth Threat Trump says ‘there will be no reduction in the tariffs’ currently imposed against China Trump: China Negotiations Back on Track Trump and Xi Agree to Restart Trade Talks, Avoiding Escalation in Tariff War Kudlow says easing of Huawei sanctions won’t imperil national security Trump has not granted Huawei a general amnesty as part of trade war truce, Kudlow says US Sales to Huawei Just Off the Shelf Stuff ‘It’s a temporary timeout’: Trump and Xi agree to talks, but offer no clear path to end trade war US business groups praise Trump’s trade war truce, but want an ‘enforceable agreement’ with China China's factory activity contracts again in June Tariffs may put Minnesota housewares firm on the brink Trade War Has Damaged U.S. Chip Industry in Ways a Deal May Never Fix
(DBN)

EU-South America Reach Historic Trade Deal
(DBN)

Trump's New World Order Built Around US, China, Russia
(DBN)

World Bank chief urges reforms to attract investment amid trade uncertainty
(DBN)

Philly Fed: State Coincident Indexes increased in 41 states in May
(DBN)

Trump to name Tomas Philipson, a health-care expert, as his next chief economist
(DBN)

Meet the average American millennial, who has an $8,000 net worth, is delaying life milestones because of student loan debt, and still relies on his parents for money
(DBN)

Be very skeptical about how much revenue Elizabeth Warren's wealth tax could generate
(DBN)

Rubio, Cotton Reintroduce Bill to Save Social Security Disability Insurance From Bankruptcy
(DBN)

Koch-backed group will unleash ads targeting some corporate tax breaks, Export-Import Bank
(DBN)

This is the No. 1 zip code in America for baby boomers
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Fannie Mae: Mortgage Serious Delinquency Rate Decreased in May, Lowest Since July 2007
(DBN)

It’s probably time to kiss that housing market rebound good-bye
(DBN)

Hermitage bankruptcy cases merge
(DBN)

Harvard: There's a housing shortage, and it's eroding affordability
(DBN)

____________

Municipalities:

Riverside passes budget without cuts but eyes 'insolvency' in 2023
(DBN)

U.S. judge limits bondholders’ claim on Puerto Rico pension system assets
(DBN)

'It's all stuck': FEMA struggling to pay out disaster aid in Puerto Rico
(DBN)

Puerto Rico fiscal board sues utility fuel suppliers, labs over fraudulent transactions
(DBN)

U.S. Government Accountability Office: 2017 hurricanes put additional pressure on Puerto Rico economy
(DBN)

GAO report: NMI public debt down 20% in 2015-2017
(DBN)

Muni Lowdown
(DBN)

____________

Oil/Gas:

Judges keep Oklahoma oil company's bankruptcy cases local
(DBN)

Midland-based oil and gas producer files $1.68B bankruptcy in Houston
(DBN)

Oil Services Sector Ripe For Restructuring To Boost Tight Profit Margins
(DBN)

Oilfield firm Weatherford International files bankruptcy plan Weatherford expected to file for bankruptcy on Monday
(DBN)

Russia Completes Its OPEC Takeover With Japan Deal
(DBN)

California to Raise Gas Tax Again
(DBN)

Offshore Drilling: Dying Business
(DBN)

U.S. shale's growth rate peaked last year, slower gains ahead
(DBN)

Shale Patch Struggles 5 Years After Crude Collapse
(DBN)

NASA Doesn't Show Natural Gas in Good Light
(DBN)

____________

Healthcare:

“Meritless” Lawsuits Drive American Pain Society to Bankruptcy American Pain Society Goes Belly Up
(DBN)

Pittsburgh health care firm that operates group homes files Chapter 11
(DBN)

Hahnemann University Hospital ER cuts services, citing staff shortage Hahnemann workers say operations are winding down; owners plan to file for bankruptcy Hahnemann University Hospital owners file for bankruptcy protection
(DBN)

Forgotten in massive medical fraud prosecution, suffering patients lash out in avalanche of lawsuits
(DBN)

New data shows depth of U.S. mental health crisis
(DBN)

When the cost of medicine is higher than the median household income
(DBN)

When a hospital wields monopoly power
(DBN)

American caravan arrives in Canadian 'birthplace of insulin' for cheaper medicine
(DBN)

____________

Climate:

Trump Wanted G20 to Weaken Climate Goals
(DBN)

France Breaks All Time Record High Temp
(DBN)

Paris climate goals aren’t enough to avert catastrophe, U.N. chief warns
(DBN)

Exxon working to push trade group on climate change
(DBN)

____________

Food/Beverage:

Subway Got Too Big. Franchisees Paid a Price
(DBN)

LaCroix slashed prices to stop its sales slump. Now it faces a new problem
(DBN)

____________

Newspapers:

Youngstown Paper Closes After 150 Years
(DBN)

Journalism Job Cuts Haven’t Been This Bad Since the Recession
(DBN)

____________

Autos:

Tesla analyst cuts price target for third time this year
(DBN)

Honda's 1.6M recalls of Takata airbags is final phase since 2016
(DBN)

Lawyers Who Sued Takata Target a New Airbag Manufacturer
(DBN)

____________

Entertainment:

Weinstein Co. Bankruptcy Hearing Pushed Again As Creditors And Accusers Await Resolution
(DBN)

____________

Coal:

Blackjewel and affiliates file in BK SD WV - First Day Dec
(DBN)

Shareholders allege Cloud Peak intentionally undervalued assets
(DBN)

____________

Paper:

Cascades Announces Winning Bid at Auction for the Acquisition of Orchids Paper Products Assets
(DBN)

____________

Awards:

Bankruptcy Law Firms Power Rankings Bankruptcy Restructuring Advisers Power Rankings Bankruptcy Financial Advisers Power Rankings
(DBN)

____________

Agribusiness:

Despite improvements, NY dairy industry faces mounting challenges
(DBN)

A Fighting Chance? Small Family Farmers & How Little We Know
(DBN)

____________

 


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 (55 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (25 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)

______________

Excusable Neglect:

A Creditor’s Sophistication Weighs Against a Finding of Excusable Neglect
(DBN)

____________

Unsecured Attorney's Fees:

It Should Be Settled Law – Unsecured Attorney’s Fees Claims Are Permissible
(DBN)

____________

Discharge:

U.S. Supreme Court Rejects "Unreasonable but Good Faith Belief" Defense for Creditors in Violation of Discharge Injunction
(DBN)

____________

Substantial Contribution:

Delaware Court Grants Substantial Contribution Award to Mechanic’s Lien Creditors
(DBN)

____________

Bankruptcy Reform:

ABI Testifies at House Judiciary Committee Hearing
(DBN)

____________

Miscellaneous:

Rochelle
(DBN)

____________

Banking:

June 2019: Unofficial Problem Bank list increased to 76 Institutions
(DBN)

Deutsche Bank Passes Fed Stress Test, Proving That The Stress Test Does Not Work
(DBN)

____________

Trucking:

Senate Bill to Limit Truckers' Speed to 65 MPH
(DBN)

____________

Aviation:

Boeing Outsourced Software to $9 Hr. Labor
(DBN)

Bristow Group Enters Into New Restructuring Support Agreement And Debtor-In-Possession Commitment Letter
(DBN)

____________

Student Debt:

Court rules student loan companies are subject to state consumer laws, contrary to Trump administration's stance
(DBN)

Student loan borrowers with cancer are supposed to get a break from their bills. That’s not happening
(DBN)

The Student Loan Cancellation Discussion Keeps Going In The Wrong Direction
(DBN)

____________

Fraud:

Lori Loughlin reportedly regrets not taking plea deal, 'feels very much alone'
(DBN)

Former Head Of Ajit Pai’s Broadband Advisory Council Is Headed To Prison For Fraud
(DBN)

US charges New York man who boasted of huge investment returns with fraud
(DBN)

____________

Retailing:

Z Gallerie closing more stores as part of its bankruptcy, 7 in Texas
(DBN)

Famed SF retail store Gump’s is coming back. It may just not be in San Francisco.
(DBN)

Some Forever 21 execs asked landlords to buy stake in company, says report
(DBN)

Pier 1 Imports: From Bad To Worse To Dire
(DBN)

Big US Mall Operators Look To Sports Entertainment For Growth
(DBN)

We visited the only remaining Sears department store in New York City — and saw first-hand why the company continues to struggle
(DBN)

____________

UK:

Creditors prepare to vote on Monsoon Accessorize rescue plan
(DBN)

UK manufacturing sees weakest month since 2013
(DBN)

In the U.K., you’re either a leaver or remainer. Bridging that Brexit divide isn’t easy
(DBN)

Boots announces 200 store closures
(DBN)

____________

PIIGS:

Greek conservatives tipped to oust leftists in early election Greek election: Why frustrated young voters are turning conservative
(DBN)

____________

Canada:

More than $13 million owed to creditors by Waterway Houseboats
(DBN)

Canadian Artist Fired for Trump Cartoon
(DBN)

____________

China:

Surprise collapse of regional Chinese bank sets off domino effect
(DBN)

China Datang-owned thermal power plant in Gansu files for bankruptcy
(DBN)

Strategies for Asset Recovery from Mainland China
(DBN)

China's official nonmanufacturing PMI slows
(DBN)

____________

Venezuela:

Why Military Stands Behind Maduro
(DBN)

____________

MENA:

Israel: Nonprofit hospital sues hundreds of its own employees for medical debts
(DBN)

Trump says he is 'very angry' over murder of columnist Jamal Khashoggi but again defends Saudi crown prince Turkey's Erdogan says "some people" paying "serious money" to bury Khashoggi issue -NTV
(DBN)

Iran Exceeds Enriched Uranium Stockpile
(DBN)

____________

Germany:

A recession in Germany could mean economic damage for these countries
(DBN)

____________

New Zealand:

Bankrupt farmers back need for farm debt mediation
(DBN)

____________

India:

Jet Airways – SpiceJet Benefits Most From Bankruptcy Jet Airways employees, UK's Adi to jointly bid for bankrupt airline Jet staff get on board a new partner to bid for bankrupt airline Jet Airways saga: Buyers await regulator's scrutiny of airline's flying license Jet Airways crisis: Flight fares to Dubai, New York, Toronto see up to 58% rise in June
(DBN)

The Big Bank Challenge: How Jaitley dealt with the sector through his Budgets
(DBN)

Defaulting educational institutions: Trusts, societies should be brought under IBC, says Indian Bank chief
(DBN)

Insolvency procedure benefits creditors, but concerns remain, say lenders
(DBN)

'Changes to bankruptcy code ready, to be sent to cabinet'
(DBN)

Insolvency proceedings: For each revival under IBC, four firms go under
(DBN)

It’s high noon for Vijay Mallya
(DBN)

Tara Jewels LLC filed for Chapter 11 in New York
(DBN)

A fragile economy leaves Nirmala Sitharaman with little room to dole out goodies
(DBN)

____________

Brazil:

Fitch: Banks won’t feel heat over Odebrecht bankruptcy protection
(DBN)

____________

Czech Republic:

New rules on the discharge of debt process and their impact on NPL transactions
(DBN)

____________

Hong Kong:

Hong Kong protesters smash windows and try to storm legislature
(DBN)

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