July 3, 2019

The Daily Bankruptcy News

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Due to the Independence Day holiday, The Daily Bankruptcy News will not publish on Thur. and Fri., July 4 and 5, 2019



Law:

California Opens Door to More Non-Lawyer Roles, Tech Solutions
(DBN)

Latham & Watkins Fighting To Stay On Aunt Becky’s Case Amid Conflicts Concerns
(DBN)

Gibbons Names Robert Malone Chair of the Firm’s Financial Restructuring & Creditors’ Rights Department
(DBN)

Biglaw firm prepares for a gender non-binary world
(DBN)

Playing The ‘Daddy Card’ In Court Can Earn Men A Win At Trial
(DBN)

A&O and O'Melveny Toil Over Talks as Clock Ticks on Merger
(DBN)

London pay war latest: Herbert Smith Freehills ups NQ package to £105,000
(DBN)

Average partner earnings at Clifford Chance remain steady at £1.6 million
(DBN)

What is going with the Washington State Bar? One (young) lawyer’s perspective
(DBN)

Celebrating Champions Of Diversity And Inclusion In The Legal Profession
(DBN)

Ongoing lawsuits delay start date for Trump administration’s ‘conscience rights’ rule
(DBN)

The #MeToo Movement Keeping Clifford Chance, London Lawyers Busy
(DBN)

“I Think of Time as a Continuum,” and Other Bad Deposition Answers
(DBN)

House Democrats sue Treasury Department for Trump's tax returns
(DBN)

Judge blocks Trump policy that would keep asylum-seekers detained DHS Report: Detention Centers Dangerously Overcrowded Border Patrol head condemns agents' offensive Facebook posts Graphic, explicit Facebook posts roil Border Patrol In a private Facebook group, Border Patrol agents reportedly joked about dead migrants Photo shows hybrid of toilet and drinking fountain in migrant detention centers, where women allegedly had to drink from the bowl Ocasio-Cortez says dispute with Border Patrol agents started after one tried to take a 'stealth selfie' Sebastian Gorka Accuses AOC of Intimidating CBP Officers 'Like A Witch' Booker has it right on immigration. Castro doesn't Booker unveils plan to use executive action to shut down inhumane immigrant detention centers ‘Criminal’ songwriter donates her royalties to pay immigrants’ legal fees Photos from the Department of Homeland Security show detained migrants asking for help DHS faces pressure to accept diapers, soap donations for detained migrants ‘Nothing Prepares You for the Inhumanity of It’ Rep. Castro reveals migrant facility conditions in secretly filmed video
(DBN)

Trump Administration Hits Some Immigrants In U.S. Illegally With Fines Up To $500,000
(DBN)

A Reluctant Mueller Is Democrats’ Best Shot to Revive Their Trump Investigations Trump to hold rally on Mueller testimony day Russian oligarch's story could spell trouble for Team Mueller
(DBN)

Avenatti Won’t Cough Up IPhone, IPad Passwords to Prosecutors
(DBN)

He said he protected students in a school shooting; then the truth emerged
(DBN)

Woman made to pay $370,000 in damages for false negative Internet review
(DBN)

Medication abortions can't be 'reversed'; law forcing doctors to say they can be heads to court American Medical Association Wades Into Abortion Debate With Lawsuit
(DBN)

Record Number of Companies Back LGBT Workplace Rights in SCOTUS Brief
(DBN)

Missing lawyer with troubled past is disbarred after he ‘abandoned his law practice without notice’
(DBN)

UCLA Professor Stole Missile Secrets for China, Faces 219 Years in Prison
(DBN)

Navy SEAL found not guilty of murdering ISIS fighter
(DBN)

Lawyers ask judge to order white nationalist to stop threats
(DBN)

Lawyer charged after smuggling binders of drugs to client in prison
(DBN)

Serial toilet clogger sentenced to 150 days in jail
(DBN)

5 reasons why law students should be obsessed with Kim Kardashian
(DBN)

Man wears blackface to court; prosecutor says it's 'just bizarre'
(DBN)

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Judges:

BK WD PA Seeks Judicial Law Clerk
(DBN)

Judges Give High Marks to New Federal Law Clerk Hiring Plan
(DBN)

Conservative justices surprise court watchers with swing votes The Supreme Court Might Have Three Swing Justices Now
(DBN)

In the shadows: Supreme Court’s offstage moves may matter more
(DBN)

How John Roberts controls the Supreme Court
(DBN)

The Supreme Court tries to stay above the political fray
(DBN)

Chemerinsky: A look back at the Supreme Court’s October 2018 term
(DBN)

Kavanaugh’s Clerkship Quid Pro Quo Continues
(DBN)

Judges Go Drinking, Head To Strip Club, Get Involved In A Shooting In White Castle Parking Lot
(DBN)

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Wall Street:

Dow futures slightly higher amid global growth concerns
(DBN)

S&P 500 posts new record close as investors shrug off trade uncertainty S&P 500 posts new record close, but trade worries cap gains
(DBN)

Bloomberg: Deutsche Bank’s US Headquarters Is A Half-Empty Sadness Factory Fueled By Weltschmerz And Day Drinking
(DBN)

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Layoffs:

Coal company, affiliate file for bankruptcy; about 1,700 jobs at risk
(DBN)

Blackjewel closes two mines, nearly 600 out of work
(DBN)

Philly refinery workers, soon to be jobless, recount how reflexes kicked in when disaster struck
(DBN)

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Politics:

Elizabeth Warren Starts Winning Begrudging Respect on Wall Street
(DBN)

It’s Not Just Warren. The Next Democratic President Is Coming for Your Monopoly
(DBN)

Arizona governor to withdraw Nike financial incentives after shoe company pulls ‘Betsy Ross’ American flag sneakers A GOP governor wants to cancel a Nike contract after flag-shoe flap, but the city it's headed for isn't backing down Just in Time for the Fourth of July, Kaepernick Sparks New Flag Drama. This Time, He’s Wrong.
(DBN)

Nearly half of Democrats say they're extremely enthusiastic about the 2020 election
(DBN)

Kamala Harris Will Be the Democratic Nominee, Predicts Gingrich. Here's Why Biden, Harris in virtual tie after dramatic shift in black support, poll shows FactCheck: Was Kamala Harris ‘part of second class to integrate’ Berkeley's public schools?
(DBN)

Trump Facebook ads use models to portray actual supporters
(DBN)

Trump and R.N.C. Raised $105 Million in 2nd Quarter, Outdoing Obama
(DBN)

Megan Rapinoe and the U.S. women's team take on Trump
(DBN)

Welcome to 2020, the era of crowdfunded presidential debates
(DBN)

Ivanka Trump joined in nuclear negotiations with Kim Jong Un after criticism over her role at G20, reports say The Day that NKorea Denuclearization Died Donald Trump Aide Blasted Obama for Visiting Cuba in 2016, Calling it Equivalent to Going to North Korea
(DBN)

Democrats are learning the wrong lesson from Donald Trump
(DBN)

Trump baby blimp to loom over Trump's Fourth of July celebration Trump 'Salute To America' Event Sees Millions Redirected From Park Service D.C. steps up security for Trump's Fourth of July military extravaganza Trump will get his tanks for July 4 — but they won’t be rolling through Washington D.C.
(DBN)

Trump administration admits defeat on 2020 Census citizenship question 2020 Census Will Not Have Citizenship Question
(DBN)

Megan Rapinoe Is a Patriot
(DBN)

Charlottesville ends Thomas Jefferson's birthday to highlight emancipation
(DBN)

Democratic candidates promise the moon, but Democratic voters just want to beat Trump
(DBN)

Study finds correlation between Russian social media trolls and 2016 polling
(DBN)

Guy Accused Of Molestation Takes Polygraph… Might Have Failed… Still Running For Senate!
(DBN)

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Autos:

Elon Musk’s ‘shell game’ distracts from Tesla’s issues, says Yale professor Tesla Loses More Critical Executives Tesla stock surges after setting new delivery and production records
(DBN)

Strong SUV, truck demand drive US auto sales higher in June
(DBN)

Lee Iacocca, auto executive who saved Chrysler from bankruptcy, dies at 94 From saving Chrysler to buying Jeep, here are the late Lee Iacocca’s greatest achievements
(DBN)

Waymo self-driving cars get green light to carry passengers in California
(DBN)

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Travel:

United Airlines put underage passenger on a plane to the wrong country
(DBN)

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Economy:

Cleveland Fed President Loretta Mester says rates should be kept where they are ‘for a while’
(DBN)

Fed’s Mester says interest-rate cuts only needed if more bad economic data comes
(DBN)

Trump to nominate Judy Shelton, Christopher Waller to the Federal Reserve Trump’s Fed pick Judy Shelton is a fan of the gold standard and other unusual economic policies Trump's potential Fed pick wants to see lower rates 'as expeditiously as possible' Trump says he will nominate former campaign adviser, researcher to reshape Fed Trump Taps 2 for Fed Risks New Senate Clash
(DBN)

Treasury yields tick lower as investors await fresh batch of economic data
(DBN)

This is now the longest US economic expansion in history The Longest Expansions in U.S. History
(DBN)

Manufacturing numbers keep getting worse
(DBN)

Earnings recession risk increases as a flood of warnings hit
(DBN)

Treasury Bills Are Sounding the Debt-Ceiling Alarm Yet Again
(DBN)

Housing is providing another in a line of troubling signs pointing to an economic downturn
(DBN)

There’s a 5% chance the U.S. economy is about to go into a tailspin, according to the IMF
(DBN)

U.S.-China Truce Is Just ‘Eye of the Storm’ in Trade War Trump Restarts China Trade Talks, but the Two Sides Remain Far Apart U.S.-China Trade Deal No More Likely After Truce, Chinese Adviser Says Trump trade advisor Peter Navarro: ‘Complicated’ US-China deal ‘will take time’ to get right China Plays Nice U.S.-China ‘cold war’ threatens ‘global recession and financial crisis’ by 2020, says Roubini The trade war is over — and the winner is China, writes Howard Gold China appears to be the winner of the Trump-Xi meeting at G-20, experts say Trump Stops Tariffs on China Made Toys Demographics may decide the U.S-China rivalry U.S. and China both know a severe global recession is in the cards without a trade deal US-China Trade War Could Reignite
(DBN)

Earnings by major
(DBN)

Navarro says Dow can get to 30,000 if the Fed and Congress follow Trump’s advice
(DBN)

10-year Treasury yield falls back below 2%, global yields sink deeper into negative territory
(DBN)

Safe parking lots spread across West Coast
(DBN)

Millions of Americans are counting on their family inheritance
(DBN)

American's Pride in US Hits Record Low
(DBN)

Half of Americans over age 18 are married, down from 72 percent in 1960
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Home prices accelerate for the first time in a while House Prices up 3.6% Year-over-year in May
(DBN)

MBA: Mortgage Applications Decreased Slightly in Latest Weekly Survey
(DBN)

Reis: Office Vacancy Rate increased in Q2 to 16.8%
(DBN)

National Delinquency Rate on First-Lien Mortgages Decreased in May 2019
(DBN)

CMBS Conduit Loss Severities
(DBN)

College housing costs are out of control
(DBN)

Trio of Manchester businessmen seek to force bankruptcy on mortgage firm
(DBN)

San Antonio-area retirement community’s bankruptcy plan OK’d
(DBN)

A Paradigm Shift: The End Of Inheritance For The Middle Class
(DBN)

Most homebuyers would sacrifice a big yard for a shorter commute
(DBN)

Home sales in Manhattan surge as wealthy buyers rush to avoid "mansion tax"
(DBN)

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Municipalities:

Ripples From Puerto Rico’s Debt Crisis Reach the Mainland
(DBN)

Puerto Rico FOMB rejects USD 6bn in general obligation debt, claiming breach of debt limit
(DBN)

House threatens more subpoenas for documents related to Puerto Rico hurricane
(DBN)

'I Don't Feel Safe': Puerto Rico Preps For Next Storm Without Enough Government Help
(DBN)

Traders Shrug Off Suit Challenging $14 Billion of Illinois Debt
(DBN)

Whew - Illinois Is (Probably) Not Going To Bail Out Chicago's Pensions
(DBN)

Trump tries to cast U.S. cities as filthy and crime-ridden
(DBN)

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Oil/Gas:

Debt-Laden Weatherford Files For Bankruptcy Protection
(DBN)

Weatherford Receives Court Approval To Access DIP Financing
(DBN)

Analysts say Philadelphia refinery, shut down after fire, unlikely to find a willing buyer
(DBN)

Exco Resources emerges from Chapter 11 bankruptcy
(DBN)

Elk Petroleum Fights Bid For Ch. 11 Trustee Takeover
(DBN)

Drillers Fighting for New Life
(DBN)

Under Trump Pressure, OPEC Embraces Putin
(DBN)

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Bankruptcy Crimes:

USTP Issues Report to Congress on Criminal Referrals for FY 2018
(DBN)

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Pharma:

Warren calls on ex-FDA chief Gottlieb to resign from Pfizer board, says it ‘smacks of corruption’
(DBN)

States agree to pause lawsuits against bankrupt opioid maker Insys
(DBN)

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Climate:

The Mexico hailstorm was uncommon and enormous, but not something new
(DBN)

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Education:

Alaska university system braces for 'devastating' budget cuts
(DBN)

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Fintech:

The inside story of how Robinhood, a $6 billion investing app for millennials, blew a huge launch so badly that Congress got involved: "F*** it, we're doing it anyways."
(DBN)

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Electricity:

PG&E seeks legislative help to resolve 2017 and 2018 wildfire claims
(DBN)

PG&E Bankruptcy Court Rejects FERC’s “Concurrent” Jurisdiction over PPA Rejection
(DBN)

PG&E doesn’t have a lot of muni debt, but watch for knock-on effects
(DBN)

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Corporate Governance:

Mid-Year Review of Key Delaware Corporate and Commercial Decisions
(DBN)

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Fraud:

Failed New Orleans Bank's Ex-General Counsel Pleads Guilty to Bank Fraud Conspiracy
(DBN)

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Religion:

Catholic archdiocese sues insurers over future abuse claims
(DBN)

Little Rock Diocese Settles Abuse Claims for $790K
(DBN)

109 clergy of the Diocese of Phoenix accused of misconduct
(DBN)

For the first time since the church abuse scandal began, the Providence diocese lists clergy accused of abusing minors Priests accused of sex abuse served in almost every RI city and town
(DBN)

Allentown Diocese cuts 24% of staff to fund victims’ compensation
(DBN)

Amid abuse scandal, Catholic Charities appeal ends far short of target
(DBN)

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Mass Torts:

Bayer hires outside counsel as pressure grows following jury verdicts and continuing share loss
(DBN)

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Distressed Investing:

CVC, Ares target loans with new billion dollar distressed funds
(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 (17 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (10 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:

Bankruptcy court filings stable in northwest Ohio
(DBN)

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Automatic Stay:

Chicago Can’t Hold Impounded Vehicles After Drivers File for Bankruptcy, Court Says
(DBN)

Possession is not ‘nine tenths of the law’: Impounded vehicles must be returned when a bankruptcy petition is filed
(DBN)

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Critical Vendors:

Paid in Full in Bankruptcy and the Unwary Creditor
(DBN)

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Mediation:

A Party’s Obligation to Pay a Mediator’s Fee is Enforced
(DBN)

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Plan Confirmation:

Replacement Financing Ends Momentive Cram-Down Rate Fight
(DBN)

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Healthcare:

Citing Post-Acute Distress, Medical Equipment Manufacturer Enters Bankruptcy Protection
(DBN)

Phila. nurses, leaders blast Hahnemann owner at press conference
(DBN)

These are the judges holding Obamacare's future in their hands
(DBN)

Medicare for All's winners and losers
(DBN)

Meet the 18-year-old who helped wipe out $6.7 million in medical debt
(DBN)

Enforcement of Food, Drug Safety Regulations Nosedives
(DBN)

3,400 Drugs Get Price Increases
(DBN)

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Retailing:

Dressbarn threatens landlords with bankruptcy court unless leases are relieved
(DBN)

Amazon's Dave Clark snaps back at John Oliver over warehouse conditions
(DBN)

Walmart and giant US retailers turn up heat on Amazon and Google by calling for blockbuster antitrust investigation
(DBN)

Home decor chain Z Gallerie closing many U.S. stores
(DBN)

J Sainsbury total retail sales fall 1.2%
(DBN)

Forever 21 Hits Rough Patch, Knocking Founders Out Of Billionaire Ranks
(DBN)

Francesca's CFO to depart
(DBN)

Who Killed Sears? Fifty Years on the Road to Ruin
(DBN)

U.S. retail vacancy rates down marginally in second quarter: Reis
(DBN)

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Student Debt:

10 mind-blowing facts that show just how dire the student-loan crisis in America is
(DBN)

Laverne Cox: ‘I could cry right now thinking that I’ve paid off my student loans’
(DBN)

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Personal Finance:

More states consider mandatory financial literacy classes as high-school students struggle with basic budgeting
(DBN)

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Coal:

Coal company with eastern Kentucky mines files for bankruptcy
(DBN)

Major US coal company files for bankruptcy, putting over 1,000 jobs at risk
(DBN)

Campbell County waits with uncertainty after Blackjewel mines shutter
(DBN)

Coal company's CEO is 'confident' his company will recover from bankruptcy
(DBN)

A US insurance company has just announced it will stop supporting coal
(DBN)

State And Local Community Responds As Blackjewel’s Bankruptcy Settles In
(DBN)

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IP:

Why MGM Resorts Would Sink Millions Into Sports Betting Technology From A Dead League
(DBN)

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Telecoms:

Windstream creditors ask to halt Uniti lease
(DBN)

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UK:

School 'could soon go bankrupt' warning issued by headteacher as fears Devon's schools could close on Friday afternoons
(DBN)

How Birmingham taxpayers are footing bill for austerity as councils face bankruptcy
(DBN)

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EU:

IMF's Lagarde touted for ECB chief in latest EU jobs plan IMF’s Christine Lagarde wins EU backing to head ECB European markets rise to welcome Lagarde as ECB President Why Christine Lagarde appointment risks making the ECB weaker IMF's Christine Lagarde Continues To Break Glass Ceilings
(DBN)

Steinhoff creditors agree to yet another extension
(DBN)

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PIIGS:

Italy: New Crisis and Insolvency Code: What will it mean for insurance?
(DBN)

Greek PM Tsipras Grip on Power About to End
(DBN)

Greece Is Over Its Crisis, but Europe Isn’t
(DBN)

Italy Faces a 40-Billion Euro Reckoning
(DBN)

Spain’s musical chairs over jobs: ‘Today you work, tomorrow I do’
(DBN)

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India:

How does the insolvency resolution process work?
(DBN)

Jet Airways insolvency: Employees asked to submit claim for pending salaries, dues Jet Airways saga: Tatas eye few assets but insolvency cases yet to allow piecemeal bids
(DBN)

Government says committed to privatizing Air India soon Air India Crisis Deepens, Modi Government Mulls Privatization For Debt-Ridden Airline Air India Assets Plans $3.2 Billion Bond Sale to Refinance Debt
(DBN)

Wilful defaults in India cross $21 bln in 2018-19
(DBN)

Traders Have Challenge Spotting India's Hidden, Growing Debt
(DBN)

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MENA:

New DIFC Insolvency Law : 4 Key Features
(DBN)

U.A.E.'s Al Jaber Agrees to Second Restructuring of $1.5 Billion
(DBN)

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Brazil:

Brazil's Caixa Bank Fights Bondholders' Inclusion in Odebrecht Bankruptcy: Document
(DBN)

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Cayman:

Offshore insolvency petitions decline but Cayman bucks trend
(DBN)

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China:

Caixin: China's services growth slowed in June
(DBN)

Maritime Cross-Border Insolvency in China
(DBN)

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Germany:

Germany Has a Neo-Nazi Terrorism Epidemic
(DBN)

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Australia:

The Amerind High Court decision
(DBN)

The Distinctive Features of Women in the Australian Bankruptcy System: An Empirical Study
(DBN)

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