July 24, 2019

The Daily Bankruptcy News

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Law:

Professor Amy Wax And The Bell Curve • Amy Wax, “national conservatism,” and the dark dream of a whiter America • Penn Law’s Wax Says She Has ‘No Plans’ to Leave School
(DBN)

Biglaw Is Losing Out On Legal Work
(DBN)

How Do We Measure The Influence Of Rhetoric On Action?
(DBN)

Deloitte U.K. Legal Bulks up with Hire from Squire Patton Boggs
(DBN)

Lawyers With More Experience Obtain Better Outcomes
(DBN)

Lawyer accused of defrauding his law firm by secretly referring its clients to outside lawyers
(DBN)

Academia Means Never Having To Say, ‘I Got Fired’
(DBN)

Schiff to Mueller: DOJ instructions have no bearing on testimony • Top House Democrat says Mueller testimony will be 'deadly serious' • The White House Is Preparing for a ‘Dud’ or a ‘Dumpster Fire’ • 7 scenes from the Mueller report you need to see, drawn by an illustrator from ‘Archer’ • The Big Questions, and Curbed Expectations, Lawyers Have for Robert Mueller  • Key Mueller witness George Nader hit with underage trafficking, child p--- charges • FBI's Wray Dodged Mueller Report Questions • What to expect in Robert Mueller’s testimony about the Trump-Russia investigation • Mueller’s longtime aide Aaron Zebley will appear alongside him for House Judiciary testimony • Robert Mueller's secret hearing prep sessions • Mueller's greatest failing is Trump's greatest triumph • This Is Robert Mueller's Chance to Dismantle the Seth Rich Conspiracy Theory • Psychiatrists want lawmakers to ask Mueller about Trump's mental fitness • Names you'll hear in the Mueller hearing • Trump's love-hate relationship with the Mueller report
(DBN)

Flynn's former business partner convicted of illegal lobbying
(DBN)

Trump Files Federal Lawsuit in Bid to Strike Down NY Law Allowing Congress to Obtain State Tax Returns • Trump sues to block Democrats from getting New York tax returns they haven’t asked for • Trump sues House Ways and Means panel to block disclosure of his tax returns
(DBN)

An inside look at Jeffrey Epstein's 2 private islands • Jeffrey Epstein appeals bail denial decision • Epstein Moved Money Overseas, Bank Flagged
(DBN)

Avenatti wants to move case against him from New York to California
(DBN)

NYT: Only 35 Arrested in Ice Raids • Nashville neighbors thwart a father's ICE arrest • New U.S. border facility holding children is already closing due to poor conditions • Trump administration expands fast-track deportations; legal challenges planned • Thousands of migrant kids face indefinite government custody • Trump warns of retaliation against Guatemala after immigration deal falls through • AOC to DHS chief: Border agents shared 'Photoshopped images of my violent r---' in secret Facebook group • An ICE detention center wants a doctor who will follow orders. That's unethical.
(DBN)

US citizen in immigration custody for nearly a month due to a snafu, attorney says • American teenager freed by ICE after 26 days in immigration detention
(DBN)

FBI director touts nearly 100 domestic terrorism arrests this fiscal year • Wray says FBI has recorded about 100 domestic terrorism arrests in fiscal 2019 and most investigations involve white supremacy
(DBN)

With A Name Like This, An Ethics Complaint Was Only A Matter Of Time
(DBN)

A judge signed a warrant to search a journalist. But police didn't tell her the whole story.
(DBN)

Documents: $6 million to Neil Armstrong family in wrongful death
(DBN)

Man crashes van with $140 million worth of meth into parked police cars, officials say
(DBN)

Why Lizzie Borden Was Found Not Guilty
(DBN)

Cities Ban Use of Facial Recognition Software
(DBN)

A supermarket worker vanished 10 years ago. He was trapped behind a cooler the whole time.
(DBN)

Lawyer Censured For Shoving Autistic Girl, Calling Her ‘Little B****’
(DBN)

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Judges:

U.S. Bankruptcy Judgeship Vacancy Eastern District of Pennsylvania (Reading)
(DBN)

Judge caught on video grabbing employee by the neck is suspended during disciplinary case
(DBN)

Judge told to stop vaping on the bench; motion claimed he was ‘constantly slurping’ on device
(DBN)

Former Judge Dragged Out Of Courtroom After She’s Sentenced To 6 Months In Jail • Tracie Hunter says being dragged from courtroom left her 'in great pain'
(DBN)

This Supreme Court Clerk Was Drafted By 2 Major League Baseball Teams
(DBN)

Trump puts his stamp on nation's immigration courts
(DBN)

State High Courts Lose Ground on Diversity, Report Finds
(DBN)

Big Law Luminaries Pay Respects to Former Boss, Stevens • A justice who never stopped learning • Justice Stevens: A habit of understanding before disagreeing • Supreme Court legend John Paul Stevens' Bill Clinton decision set a judicial standard that's now fading
(DBN)

How Trump took over America’s courts
(DBN)

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Wall Street:

Dow futures lower as investors look ahead to US-China talks next week
(DBN)

Stocks close higher on trade talks progress, U.S. debt ceiling deal, and good corporate earnings
(DBN)

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Layoffs:

The Last Toll Collectors
(DBN)

Nissan is reportedly set to cut more than 10,000 jobs worldwide
(DBN)

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Politics:

Elizabeth Warren Has a Plan That Could Be Good for Investors
(DBN)

Trump falsely tells teens Constitution gives him 'the right to do whatever I want' • AP Fact Check: Trump takes falsehoods to a youth audience • Trump makes false claims on constitutional powers, "rigged" polls
(DBN)

No, Ocasio-Cortez didn't call Americans garbage, as Donald Trump claims
(DBN)

Biden and Sanders, Behaving Badly
(DBN)

Sanders' campaign organizers reach deal for pay raise
(DBN)

Why the GOP keeps losing the fight in budget deals
(DBN)

Cory Booker: Sometimes I feel like punching ‘physically weak’ Donald Trump
(DBN)

Mark Esper confirmed as defense secretary in 90-8 Senate vote
(DBN)

American democracy should represent only American citizens, period
(DBN)

Wilbur Ross Is Still Sleeping In Meetings
(DBN)

Trump keeps vowing to win Minnesota in 2020. It’s not as wild as it sounds.
(DBN)

Siemens CEO: Slams Trump on Racism
(DBN)

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Religion:

Church-owned former hotel being auctioned in bankruptcy
(DBN)

Providence: Diocese to hand over nearly 70 years of records in abuse review
(DBN)

KBI Investigating 74 Catholic Church Leaders In 33 Counties
(DBN)

Harrisburg diocese sued for conspiracy, fraud related to abuse
(DBN)

Diocese of Rochester to face at least 75 new lawsuits over abuse
(DBN)

Pope gives West Virginia diocese new leader after scandal
(DBN)

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Healthcare:

Hahnemann, Tower Health residency program sale to take longer than planned
(DBN)

Rural Hospital Challenges: Is Chapter 11 a Quick Fix?
(DBN)

CDC: US death rates rising for young, middle-aged adults
(DBN)

Medicare-for-all faces its moment of truth
(DBN)

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Aviation:

Bankrupt Helicopter Company Deep Dive
(DBN)

Consumer advocate Ralph Nader says Boeing 737 Max should never fly again
(DBN)

Terrifying footage from inside the cockpit of a Boeing 737 plane shows the moments before it crashed into the sea
(DBN)

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Distressed Investing:

Distressed debt traders have tons of cash and nothing to buy
(DBN)

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Infrastructure:

91,000 US Dams Get a 'D' Rating
(DBN)

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Mass Torts:

Roundup Not Only Monsanto Legal Woe For Bayer; PCB Claims Still Coming
(DBN)

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Retailing:

Retail Sales Rise in July as Two Retailers Go Bankrupt, Report
(DBN)

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Economy:

Who’s ready for decades of low or negative U.S. interest rates?
(DBN)

Richmond Fed: "Fifth District Manufacturing Activity Weakened in July"
(DBN)

Trump quest to remake the Fed hinges on Judy Shelton
(DBN)

A $1.6 Trillion Fund Warns of a Ticking Liquidity Bomb
(DBN)

Elizabeth Warren sees an economic crash ahead. Not all economists agree
(DBN)

‘The storm never arrived’ — Coca Cola CEO says the global economy is better than he expected
(DBN)

IMF lowers its global economic growth forecast again as risks remain to the ‘downside’
(DBN)

Politics is making Fed policy incoherent
(DBN)

A Fed Rate Cut Will Give a Boost to the Economy
(DBN)

Huawei caught a break in the UK thanks to Trump's complete lack of clarity on the US trade ban • FBI chief Wray says China is a more serious counterintelligence threat to U.S. than Russia • China’s tax cuts may be able to offset the cost of trade tariffs, economist says • US, China in-person trade talks expected next week; White House eyes longer-term timeline for deal • China slams U.S., says it's open to using force to reunify Taiwan • Mac Production Goes to China, Fights Tariffs
(DBN)

Committee for a Responsible Federal Budget leader says proposed deal may be worst ever • Mnuchin Defends Debt Limit, Budget Deal to Skeptical Republicans • Trump Shoves Aside Deficit Worries in Debt Deal With Pelosi
(DBN)

Red Ink Gushes in the Trump Era • Under Trump, GOP shrugs at deficit • The Secret to the Trump Economy? More Government Spending
(DBN)

Europe is at odds over who will replace Christine Lagarde at the IMF
(DBN)

Is Trump cutting Medicare to give tax breaks to billionaires?
(DBN)

"Chemical Activity Barometer Fell in July"
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

NY AG Sues Ditech Over Bankruptcy Filing • New York state AG targets mortgage servicer • Attorney General James Objects To Mortgage Servicer's Unlawful Attempt To Strip Away Rights Of Homeowners
(DBN)

Michigan Court Appoints Receiver to Complete Construction Project
(DBN)

BofA sides with elderly borrowers in Ditech bankruptcy
(DBN)

Existing-home sales dip 1.7%, housing market struggles despite cheaper mortgages • US Home Sales Fall on Record Prices • US home sales fall 1.7% with prices high and supply low • NAR: Existing-Home Sales Decreased to 5.27 million in June • Comments on June Existing Home Sales
(DBN)

Start-up CEO: Buying a house is ‘completely crazy,’ so co-living will be the answer for many
(DBN)

____________

Municipalities:

San Juan braces for an 11th day of protests, amid calls for Puerto Rico's governor to resign
(DBN)

Cellphones of government officials sought in Puerto Rico as political crisis deepens
(DBN)

Puerto Rico governor’s chief of staff quits amid scandal probe
(DBN)

Embattled Puerto Rico governor may resign soon, media reports • Puerto Rico Governor Set to Quit After Protests, Papers Say
(DBN)

What tourists should know about traveling to Puerto Rico during protests
(DBN)

What do General Motors and the Commonwealth of Puerto Rico have in common?
(DBN)

Chicago Would Stop Suspending Driver’s Licenses For Unpaid Tickets And Reinstate 57,000 Under Lightfoot’s Reform Plan • Chicago Mayor Proposes Reforms That Would Make Life Easier for Thousands of Black and Low-Income Drivers
(DBN)

The Crisis Lurking in Californians’ Taps: How 1,000 Water Systems May Be at Risk
(DBN)

First Circuit Panel Upends Protections Available to Special Revenue Bondholders
(DBN)

____________

Oil/Gas:

Bank drops objection to financing request by bankrupt Philadelphia Energy Solutions • U.S. bankruptcy judge approves $65 million loan for PES refinery • Philadelphia Energy Files for Chapter 11 Following June Explosion with $100MM DIP Commitment
(DBN)

Philadelphia Energy’s Bright Future Goes Up in a Massive Fireball as It Files for Bankruptcy. Again.
(DBN)

U.S crude supplies poised to post longest stretch of weekly declines in 18 months
(DBN)

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Transit:

New York's subway system flooded yet again after torrential rain, leaving commuters soaking wet and furious
(DBN)

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Celebs:

Kylie Jenner can make more money in one Instagram post than many people earn in a lifetime
(DBN)

Lawyer says Adrian Peterson was 'taken advantage of' amid latest report of financial troubles
(DBN)

____________

History:

Hundreds of black murders in 1919 are being remembered
(DBN)

____________

Construction:

Airport contract extended with collapsed bridge builder
(DBN)

____________

Autos:

‘We’re Full,’ Car Dealers Say as Auto Sales Slow After a Long Boom
(DBN)

FactCheck: Mexico Took 30% of Auto Business
(DBN)

Was the Auto Age a Terrible Mistake?
(DBN)

Daimler Loses $1.3Bn on Airbags, Diesel Woes
(DBN)

____________

Motorcycles:

Harley Says Motorcycle Sales are Slowing
(DBN)

____________

Travel:

The true story of having—and losing—a superpower
(DBN)

____________

Climate:

Europe braces for another heatwave as forecasters predict record-breaking temperatures this week
(DBN)

Deadly fungal disease may be linked to climate change, study suggests
(DBN)

____________

Personal Finance:

Here’s an example of the perfect cover letter, according to Harvard career experts
(DBN)

Your personality could make or break your next job interview. These traits are the biggest turn-offs
(DBN)

____________

Education:

University of Alaska declares financial emergency in face of deep budget cuts
(DBN)

Emails Show DeVos Aides Pulled Strings for Failing For-Profit Colleges
(DBN)

____________

Agribusiness:

USDA to pay farmers impacted by trade war $15 per acre minimum
(DBN)

Black families once lived off their farmland. Their descendants are struggling to hold onto it
(DBN)

US Lost 100,000 Dairy Cows Last Year
(DBN)

____________

Private Equity:

Chase For Yield Has Fueled Private Equity With Significant Consequences For Americans
(DBN)

____________

Fraud:

The Most Gullible Man in Cambridge
(DBN)

____________

 
New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (7 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (5 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)

______________

Litigation:

Law Firm Portfolio Financing: A Primer On The Current State Of Ethical Considerations
(DBN)

Do Civil Trials Even Happen Anymore?
(DBN)

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Bankruptcy Reform:

House Approves Small Business Reorganization Act of 2019
(DBN)

____________

Involuntary Bankruptcy:

Involuntary Bankruptcy: Limited Remedy and Strong Sanctions for Abuse
(DBN)

____________

Liquidated Damages:

Stipulated Loss Value Provisions Used for Damages Purposes Held to Be Unenforceable as a Penalty by the U.S. Bankruptcy Court for the Southern District of New York
(DBN)

____________

Insurance:

Plaintiff’s Fraudulent Conveyance Claim Against Insurer Can Proceed, Appeals Court Rules
(DBN)

____________

Standing:

Derivative Standing When Debtors Are Limited Partnerships and Limited Liability Companies
(DBN)

____________

Mediation:

Effect of Interruptions on Decision Making: Implications for Mediation?
(DBN)

____________

Pharma:

Senators release bipartisan drug pricing bill • Senate releases bipartisan proposal to lower seniors' drug prices
(DBN)

Walmart and CVS are among the retailers being sued for aiding the spread of opioids
(DBN)

Newly unsealed exhibits in opioid case reveal inner workings of the drug industry
(DBN)

____________

Student Debt:

‘Enough is enough’: Warren officially introduces bill to cancel student debt • Elizabeth Warren introduces bill to reduce student debt for 45 million people. Here’s how it would work • Warren unveils details of plan to cancel $640B in student loan debt • Cancel Student Loans: Elizabeth Warren Has A Plan For That
(DBN)

____________

Crypto:

‘Kidney Stones Postponing Charity Lunch Meeting’ The Latest Cryptocurrency Downside Risk
(DBN)

____________

Tech:

The Department of Justice just launched a broad probe into whether big tech companies like Amazon, Facebook, and others illegally harm competition
(DBN)

AG Barr’s promise to probe Big Tech does the unthinkable — unites Democrats and Republicans
(DBN)

The Great Hack review – searing exposé of the Cambridge Analytica scandal
(DBN)

Court seal sought for CEO's exit agreement
(DBN)

____________

Electricity:

Ohio House expected to pass bill to save nuclear power plants • Ohio Governor Signs Nuclear and Coal Bailout at Expense of Renewable Energy
(DBN)

FirstEnergy Solutions in court battle with Justice-owned company
(DBN)

Insurers offer competing plan to rescue PG&E from bankruptcy • Now it’s a three-way fight for PG&E. The latest in the battle for bankrupt utility • Why hedge funds are fighting for control of PG&E — and what it means for you • Ad Hoc Subrogation Group Files Plan Proposal to Resolve PG&E Chapter 11
(DBN)

Some customers confused by PG&E letter about its bankruptcy
(DBN)

PG&E installing weather stations, cameras to defend against wildfires
(DBN)

____________

Banking:

Deutsche Bank shares slump 5% after greater-than-expected second-quarter net loss • Deutsche Bank suffers $3.5 billion loss on road to reinvention
(DBN)

Agencies Release Public Sections of Resolution Plans for Eight Large Banks
(DBN)

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Newspapers:

Rhode Island Suburban Newspapers buys The Union Democrat
(DBN)

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Coal:

Coal miners to urge Congress to protect their black lung benefits
(DBN)

Lawmakers OK tax break for struggling coal-fired power plant
(DBN)

____________

Publishing:

Why Active Interest Media Salvaged 14 Titles From the F+W Bankruptcy
(DBN)

____________

Amusement Parks:

Haunting images show North Carolina amusement park known as 'Ghost Town Village' overrun by nature after it was abandoned in 2010
(DBN)

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Cannabis:

Kamala Harris introduces bill to decriminalize marijuana
(DBN)

____________

UK:

Insolvencies fall over Q2 2019
(DBN)

Finance Bill 2020: Key Insolvency Measures
(DBN)

Scottish Insolvency Statistics: April to June 2019
(DBN)

The absurd life of Boris Johnson, the UK's new PM • Ivanka Trump congratulates Boris Johnson on becoming PM of the 'United Kingston' • What Boris Johnson's U.K. Leadership Means for the U.S. • Boris Johnson, the UK’s next prime minister, explained in under 600 words • Boris Johnson About to Collide with Reality • Boris Johnson, Britain's incoming prime minister, in his own colorful words • Boris Johnson Starts Breaking Promises Today • EU Can't Stop Laughing at Boris Johnson
(DBN)

____________

EU:

Intense European heat wave roasts millions as all-time records tumble
(DBN)

____________

India:

Jet Airways Insolvency: NCLT order gives hope for Employee salaries • Jet Airways' landlord approaches NCLT to repossess building
(DBN)

The country’s bankruptcy code awaits another churn
(DBN)

____________

Hong Kong:

Beijing suggests it could mobilize troops in Hong Kong if necessary
(DBN)

____________

MENA:

Trump and the Iranian regime are both running out of options
(DBN)

Afghanistan recoils at Trump's comments about destroying the country
(DBN)

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South Korea:

Bidding for Asiana Airlines to begin this week
(DBN)

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Australia:

Practical Issues of Private International Law Arising in Cross-Border Insolvencies
(DBN)

Troubled recycling giant gets 10-day lifeline to find a buyer, repay debts
(DBN)

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