June 3, 2019

The Daily Bankruptcy News

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Law:

Square’s Ban of Bankruptcy Lawyers Scrutinized in California Court
(DBN)

The Law School Getting Its Grads The Best Legal Jobs
(DBN)

The Law Firm Generation Gap: A Millennial and a Baby Boomer Talk It Out
(DBN)

Rethink Law Firm Sales by Shifting Your Perspective
(DBN)

How I Made Partner: Nixon Peabody’s Kathleen Ceglarski Burns
(DBN)

Summer Associate Hopes Firm Meeting Doesn’t Interfere With Gym Time
(DBN)

The Tragedy Of The Law Firm Commons
(DBN)

California Lawyers Could See Annual Bar Fees Hiked By 40 Percent
(DBN)

Kirkland & Ellis hires director of well-being and plans apps to help increase resilience
(DBN)

Most people are bad at arguing. These 2 techniques will make you better.
(DBN)

Dad wins $5M class settlement after he’s denied primary caregiver parental leave JPMorgan Pays Out $5 Million In Belated Recognition That Men Are Technically Also Sometimes Parents
(DBN)

Shadow IT And Bring Your Own Device Policies
(DBN)

23 Affordable Work Dresses That Will Make You Feel Like A Powerhouse
(DBN)

Fight for Attorney Mental Health Starts in Law School
(DBN)

If you say yes to any of these 8 questions, you're definitely more confident than you think
(DBN)

Attorney General William Barr: The FBI crossed 'a serious red line' by investigating Trump's campaign AG William Barr Goes Full MAGA Spying, treason and politics: President Trump ups the stakes in Russia probe battle despite scant evidence AG Barr stokes the conspiracy fires William Barr just contradicted himself over a key claim he's made about Mueller's obstruction findings William Barr vs. Robert Mueller, explained The Mueller conundrum facing House Dems: What to do with a reluctant special counsel? Roger Stone aide Andrew Miller testifies before a grand jury in Mueller probe spinoff Mueller Wants it Both Ways Trump Chief of Staff Concedes Russia Interfered in Election, Blames Obama
(DBN)

Elizabeth Warren says she wants to make it legal to indict presidents
(DBN)

Emmet Flood, White House lawyer brought on to navigate Russia probe, to depart June 14, Trump says
(DBN)

Trump Lawyer Message to Flynn Released 'Thanks, Pal.' Read Trump Attorney's Message to Flynn Lawyer About Cooperation Trump Lawyer Sought ‘Heads Up’ From Flynn, Transcript Shows 
(DBN)

The states passing strict abortion bans have some of the highest maternal and infant mortality rates in the country Donor's Rift with Law School - Fomented by New Abortion Law - Puts $27M Gift in Peril Abortion bans are popping up all around the US. Here are the states that have passed new laws to challenge Roe v. Wade in 2019. Illinois affirms “fundamental right” to abortion by passing new bill Missouri’s last abortion clinic will stay open, for now Judge blocks closing of state’s only abortion clinic with TRO Corporations are getting dragged into a debate they've long sought to avoid: Abortion Nikki Haley to attack pro-choice "conformity"
(DBN)

Trump Can’t Figure Out How to Keep His Biggest Promise
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Data shows immigrant minors are routinely held past legal time limit; ABA is ‘deeply disturbed’
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Gunman Kills 12, Injures 4 in Virginia Beach Virginia Beach attacker notified boss of plans to leave job Virginia Beach Shooting: What We Know Survivors relate horror: 'Suddenly, a kind of hole exploded in my wall' Va. GOP killed bill to ban sales of large-capacity magazines like those used in Virginia Beach Mulvaney on Virginia Beach shooting: "Let's not get too deep into politics too soon" Craddock was violent with co-workers before Virginia Beach rampage
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Mass shootings transform how America talks, prays, prepares Mass shootings create rippling network of stricken survivors
(DBN)

The '90s Case That Changed the History of American Legal Proceedings
(DBN)

What Two Crucial Words in the Constitution Actually Mean
(DBN)

Republicans and Democrats Are Describing Two Different Constitutions
(DBN)

Lawyer Disbarred For Stealing Wine… A Lot Of Wine
(DBN)

Bill Cosby drops legal fight against seven women who say he defamed them
(DBN)

‘Flagrant D-------’ Is Now The Greatest Legal Commentary To Come Out Of Harvard Law School
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Judges:

Justice Dept. Keeps Wiretaps Secret in Flynn Case, "Rejecting" Judge’s Order???? If the administration defied a court order, all bets are off
(DBN)

How a resort weekend for judges made courts more conservative
(DBN)

SCOTUS told of new evidence in challenge to census citizenship question
(DBN)

Two Biglaw Firms Get Benchslapped As Federal Judge Questions ‘Integrity’
(DBN)

SCOTUS Case Could End Administrative State
(DBN)

On Dark Money and the Right's Judicial 'Revival'
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Wall Street:

Stocks tumble on trade-war fears after China pledged to 'fight until the end' Dow futures sharply lower amid intensifying trade war concerns Trade-War Contagion Puts Markets on Alert for Fresh Risk Selloff
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Stocks plunge as China trade war and Mexico tariffs fuel a 'triple hit of bad news' Stocks end rocky month lower as Trump widens trade war
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Layoffs:

Elizabeth Warren and Alexandria Ocasio-Cortez to Eddie Lampert: effort to avoid paying $43 million to Sears for worker severance is a ‘betrayal’
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Republic Wireless lays off around 20 percent of its workforce
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Politics:

Hofeller's Secret Files a Nightmare for GOP
(DBN)

Top Democrat says the House will impeach Trump, just not yet Pence: I wouldn't know why Congress would impeach Trump
(DBN)

Kushner, for first time, claims he never discussed security clearance with Trump Kushner unsure whether he'd alert FBI if Russians request another meeting
(DBN)

Jared Kushner defends Trump against racism allegations but dodges questions on Trump's promotion of the birther conspiracy
(DBN)

Warren swipes at Biden: 'The time for small ideas is over'
(DBN)

Lampert Draws Uproar From Warren, AOC on Sears Severance Pay
(DBN)

Hickenlooper booed in San Francisco for denouncing socialism
(DBN)

White House: Moving USS McCain Not Unreasonable
(DBN)

Leading Democratic candidates took subtle digs at Joe Biden while he was absent at an event that most of them attended
(DBN)

Joe Biden says LGBTQ rights will be his top legislative priority
(DBN)

Fox News supported Laura Ingraham after she defended a prominent white supremacist
(DBN)

12 vintage commercials that reveal who Trump was before he became president
(DBN)

Italy revokes Steve Bannon’s right to use a monastery for his political “gladiator” school
(DBN)

Why AOC and Ted Cruz are working on a proposal to ban lawmakers from lobbying for life
(DBN)

Watch radio host Charlamagne tha God tell Elizabeth Warren she's 'like the original Rachel Dolezal'
(DBN)

Top North Korean official who was reportedly sent to a prison camp over failed nuclear talks has reappeared alongside Kim Jong Un
(DBN)

Pentagon chief to White House: The military "will not be politicized"
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Autos:

'The pain is just beginning': After 38,000 layoffs, Wall Street wakes up to 'peak car'
(DBN)

Tesla is going it alone while other carmakers are partnering and merging — here's why Elon Musk doesn't have a choice
(DBN)

US car companies are trying to help Trump — but Trump keeps kicking them down
(DBN)

General Motors tumbles after Trump threatens to slap tariffs on Mexican products
(DBN)

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Taxis:

Uber and Lyft drivers reveal the wildest things they have seen while driving passengers
(DBN)

Uber drivers are thrilled with the company's plan to bar passengers with low ratings
(DBN)

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Aviation:

FAA says more than 300 Boeing 737 jets could have parts ‘susceptible to premature failure’ Boeing's nightmare year gets even worse as it admits hundreds of planes — including 159 737 Maxes — may have defective parts on their wings Boeing Faces Doubtful Airline Chiefs in Mission to Restore Faith
(DBN)

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Education:

More than half of community colleges are too expensive for low-income students
(DBN)

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Crypto:

DLA Piper prepares report on the impact of cryptocurrency on insolvency and restructuring
(DBN)

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Celebs:

‘American Chopper’ Star Paul Teutul Sr. Found in Contempt of Court, Ordered to Pay $17,000
(DBN)

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Skiing:

Companies that ran closed ski resort seeking bankruptcy help
(DBN)

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Tax:

When does the IRS have Priority in Bankruptcy?
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Tech:

Fusion Takes Action to Enhance Capital Structure and Deleverage with Support of Secured Lenders
(DBN)

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Economy:

Q2 GDP Forecasts: mid-1% Range
(DBN)

Personal Income Increased 0.5% in April, Real PCE declined slightly
(DBN)

Still Not on Recession Watch
(DBN)

Morgan Stanley sees global recession ‘in three quarters’ if Trump escalates trade war
(DBN)

Reforms Saved Gov't $262Bn Since 2010
(DBN)

A new credit bubble gets ready to burst
(DBN)

Powell Channels Bernanke: 'Subprime Debt Is Contained'
(DBN)

Bill Could Save Social Security
(DBN)

Fear Gauges Light Up in U.S. Credit
(DBN)

Poll: Americans Disagree with Use of Tariffs China to Issue White Paper on Trade Talks Here Are the Most Interesting Items in China's Trade White Paper Is China really paying for Trump’s tariffs? It isn’t so straightforward Goldman Sachs is predicting an escalation of global trade wars Real Origins of the US-China Cold War China Targets FedEx in ‘Warning’ to U.S. Factories Feel Trade War Pain as Wall Street Sees Recession Risk The Trouble with Auto Tariffs China has made its trade war demands ahead of the G20 summit: tariffs have not 'made America great again' Trump just took his trade battle to a new front — and now traders are more sure than ever that the Fed is going to cut rates Didn't Wharton Teach Tariffs and Intl. Trade? U.S. Can Get Heavy Rare Earths Only From China China's rare earths saber-rattling Here's the dirty truth about China's rare-earths threat The US-China trade war just sparked a $14.6 billion exodus from emerging markets Trump wants to pass his trade deal. But he’s not acting like it A US-China trade deal isn’t likely at the G-20 summit this month, JP Morgan and Morgan Stanley say How New Tariffs Would Jolt California
(DBN)

Trump Strips India of Special Trade Status
(DBN)

U.S. stock market forgoes $5 trillion in returns thanks to trade war, estimates Deutsche Bank
(DBN)

Trump's war on global trade
(DBN)

Lighthizer Opposed New Tariffs on Mexico Republicans slam Trump's Mexico tariff threat Top Trump officials says tariffs on Mexico will not derail trade deal and were meant to force immigration discussion Trump Calls Mexico an Abuser $17Bn Wiped by Mexico Tariff Threats Laredo Braces for Trump's Tariffs Trump sees Mexico tariffs as financing his promised border wall Trump is trying a risky new strategy to force Mexico to stop migrants from reaching the US. Experts say it could backfire spectacularly. What is Mexico doing - and not doing - to keep migrants from crossing into the US? Trump's decision to escalate trade wars with China, Mexico signals turning point for US policy As Mexico becomes largest US trading partner, here are industries that could be most hit by tariffs Avocados, cars, and all the other products that will get more expensive if Trump puts a 5% tariff on Mexican imports Trump's Mexican Tariffs Threatens Autos What Mexico Has Done to Limit Migrants Trump is deploying a tactic from 'The Art of the Deal' in his trade threats against Mexico 2 maps show how every US state's economy could be affected by Trump's proposed Mexico tariffs Trump's latest trade-war grenade has the global economy heading toward a scenario where no one wins Mexican president to Trump: tariffs and coercion won’t work Tariffs Cure All Ills Mick Mulvaney: Trump is "deadly serious" about Mexico tariffs US, Mexico plan summit in Washington on Wednesday in bid to head off trade dispute Goldman Sachs sees U.S. trade war with China and Mexico escalating Trump administration to send DHS agents, investigators to Guatemala-Mexico border Art of the no-deal: Trump's Mexico threat makes U.S. 'world's biggest rogue trader' Trump Pours Cold Water on Mexico's President
(DBN)

Trump proposes the biggest tax hike in 30 years
(DBN)

What happens if we abandon NAFTA, and don’t replace it?
(DBN)

Trump announces departure of White House economic advisor Kevin Hassett
(DBN)

Average After Tax Income by State
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More than half of baby-boomer job seekers say they've faced age discrimination, and it's costing them work
(DBN)

American millennials have an average net worth of $8,000 — and it's part of a bigger financial problem the generation is facing
(DBN)

The striking evidence that Medicaid expansion can help single moms get jobs, briefly explained
(DBN)

More America Moving West and South
(DBN)

The Trump tax cuts are failing badly
(DBN)

Hotels: Occupancy Rate Increased Year-over-year
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No country in the world meets the mark on gender equality — these are the best and worst performers
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US Debt Clock
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World Debt Clock
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How People Really Live
(DBN)

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Real Estate:

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

Home Contract Financing and Black Wealth
(DBN)

Hidden Realtor commissions could be next housing-market domino to topple as government probes MLS
(DBN)

Cities With Highest And Lowest Real Estate Taxes
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Municipalities:

$5.2 Trillion Of Government Pension Debt Threatens To Overwhelm State Budgets, Taxpayers
(DBN)

Muni Lowdown
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Oil/Gas:

Why the CEOs of Shell, BP, and 11 other major corporations have decided to lobby DC for climate change legislation
(DBN)

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Religion:

US Catholic Church reports big rise in abuse allegations
(DBN)

IRS says evangelist’s generous gifts to strangers and tips to waiters aren’t tax deductible
(DBN)

Wild eyed televangelist Kenneth Copeland appears unhinged in interview where he defends his $760million fortune and says he needs to use THREE private jets because 'demonic environment on commercial flights are not good for a preacher'
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Personal Finance:

I was 20 years old when the Great Recession struck. Here's what I wish I'd known about money back then.
(DBN)

Scranton man with lousy credit finds his own bankrupt father had stolen his identity and been running up bills since he was 14
(DBN)

30 Easy Ways To Save Money You Can Start Doing Now
(DBN)

11 reasons why it's taking you so long to succeed in life
(DBN)

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Cannabis:

The number of people over age 65 using marijuana is increasing faster than any other age group
(DBN)

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Retailing:

Sears' bankruptcy has burned thousands of vendors worldwide
(DBN)

The Sears Bankruptcy Killed This REIT’s Earnings, But Not Its Long-Term Opportunity
(DBN)

Elizabeth Warren and Alexandria Ocasio-Cortez say Eddie Lampert "betraying" thousands of Sears workers Lampert' backpedaling at Sears renews severance uproar
(DBN)

Sears and Kmart parent Transform to buy Sears Hometown shares not owned by Eddie Lampert's ESL
(DBN)

Transform Holdco, LLC Statement On Severance Payments For Former Sears Holdings Employees
(DBN)

Arcadia faces angry creditors in battle to stave off bankruptcy
(DBN)

Bankrupt Performance Bicycle starts store-closing sales
(DBN)

The Mall Meltdown Continues
(DBN)

Shopko's Ch. 11 Plan Rejected Over Executive Releases
(DBN)

Trump's China trade war meets the retailpocalypse
(DBN)

President Trump's tariffs are hitting the country's most vulnerable: Dollar store shoppers
(DBN)

Amazon could face heightened antitrust scrutiny under a new agreement between US regulators
(DBN)

Gap craters as sales slump at Old Navy We went to a Gap store and saw why its sales have been struggling
(DBN)

Costco exec says it won't copy Walmart's blockbuster online grocery strategy because 'if somebody wants something in an hour, they're probably not going to get it from us'
(DBN)

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Mass Torts:

Ex-Boy Scouts are preparing to sue for abuse by troop leaders Boy Scouts Abuse Problem Even Worse
(DBN)

NYC Jury Adds $300M in Punitive Damages to Verdict in Lawsuit Linking Talc Products to Mesothelioma
(DBN)

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Entertainment:

Meet the Dallas duo who bought Harvey Weinstein’s company and scored an instant hit
(DBN)

Harvey Weinstein’s $44-million settlement with his accusers is in jeopardy
(DBN)

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Advertising:

Amazon buys part of ad tech company Sizmek
(DBN)

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Credit Reporting:

The Conundrum of Credit Reporting In and After Bankruptcy: Help May Be on the Way
(DBN)

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Climate:

Sierras Get 33 Times More Snow Than Last Yr.
(DBN)

Hurricane season is here, but thousands are still reeling from the past two years
(DBN)

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Agribusiness:

Tim Ryan: China tariffs are hammering U.S. farmers
(DBN)

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New Bankruptcy Opinions
(8 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (46 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (31 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)

Webcast: Getting Ready for the Next Cycle: Unlocking Value in Troubled Companies: 363 Asset Sales and Alternatives
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Litigation:

Don’t Try To Make Friends. Try To Win.
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UCC:

A Recent Case Highlights the Importance of Precision in Drafting a nd Maintaining U CC Financing Statements
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Make-Whole:

Fifth Circuit Rules on Payment of a Make-Whole Premium and Post-Petition Default Interest
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TBTF:

Not a Bank, Not a SIFI; Still Too Big to Fail
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Miscellaneous:

Rochelle
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Avoidance Actions:

Termination of Buyback Option Not a Fraudulent Transfer
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Bankruptcy Rules:

The Bankruptcy Judges of the Middle District of Florida have approved new and amended Local Rules
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IP:

The Supreme Court Decision Mission Product Holdings, Inc. v. Tempnology, LLC Has Broad Implications for Licenses and Other Agreements in Bankruptcy: Analysis
(DBN)

So the U.S. Supreme Court Resolved a Circuit Split Concerning Trademark Licenses, Now What?
(DBN)

Trademark Licensees’ Rights Survive Bankruptcy Rejection
(DBN)

"Rejection" of a Trademark License in Bankruptcy Is a Breach, Not a Rescission
(DBN)

Supreme Court Resolves Circuit Split to Hold that a Licensee's Trademark Rights Survive Following Rejection of the License in Bankruptcy
(DBN)

When trademark rights and bankruptcy collide
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Tech:

The US Justice Department is reportedly preparing a potential antitrust case against Google
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Telecoms:

Amazon is reportedly looking into expanding into the telecom industry
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Healthcare:

Springfield Hospital plans bankruptcy filing, and hopes to find a partner
(DBN)

Officials concerned about Astria, but optimistic it will emerge from bankruptcy
(DBN)

2019 is a very bad year for measles
(DBN)

Suicide Epidemic Sweeps Western US
(DBN)

ACA linked to reduced racial disparities, earlier diagnosis and treatment in cancer care
(DBN)

Why are so many doctors burning out? Tons of real and electronic paperwork.
(DBN)

Voters are tuning out the health care debates
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Fraud:

May 2019 Ponzi Scheme Roundup
(DBN)

UPS Store Clerks Will Notarize Anything: Ponzi Scheme Edition
(DBN)

Woman who called Michelle Obama an 'ape' sentenced to jail for defrauding FEMA
(DBN)

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Electricity:

PG&E Bankruptcy Truly One-of-a-Kind
(DBN)

PG&E Creditors to Boost Restructuring Plan to $45 Billion
(DBN)

Failure to give ratepayers representation in PG&E bankruptcy to raise bills
(DBN)

Ohio’s Nuclear Bailout Plan Balloons to Embrace Coal (while Killing Renewable Energy Rules)
(DBN)

U.S. TVA to cut carbon emission by 70 percent by end of next decade: CEO
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Student Debt:

People are fleeing the US to keep from paying off their student loans
(DBN)

For black students, debt casts long shadow
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Pharma:

The most common drugs are getting more expensive
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Banking:

May 2019: Unofficial Problem Bank list unchanged at 73 Institutions
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Music:

Baltimore Symphony Orchestra to cut summer's programming.
(DBN)

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Flowers:

FTD Companies, Inc. Files Voluntary Chapter 11 Petitions to Facilitate Completion of Strategic Initiatives First Day Dec (1) First Day Dec (2)
(DBN)

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Newspapers:

'Newspaper-killing' Digital First Media to buy bankrupt Reading Eagle
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UK:

The construction industry, insolvency and directors’ liabilities
(DBN)

U.K. factories stall as Brexit stockpiling cools
(DBN)

Leader: Backing Arcadia's CVA is best bet for creditors
(DBN)

Trump: Boris Johnson is Great for PM There's Nothing Behind Boris Johnson's Mask Why Brexit could quickly bring down Britain's next prime minister
(DBN)

On UK trip, Donald Trump will wade into Britain's Brexit crisis and discourage work with Huawei Trump says the UK should “walk away” from its Brexit deal Trump is heading to the UK. Here’s what you need to know.
(DBN)

What Queen Elizabeth's relationship was like with every US president, from Truman to Trump
(DBN)

As Trump's state visit looms, Britain seems a reluctant host Can US-British Ties Survive This State Visit? Trump met with very rude protest as he flies into Stansted Airport for UK state visit
(DBN)

The giant orange Trump baby blimp that the president says makes him 'feel unwelcome' is making an appearance for his state visit to the UK
(DBN)

London mayor compares Trump to "fascists of the 20th century" Trump blasts London Mayor Sadiq Khan on UK trip: ‘He is a stone cold loser’ Trump calls London mayor "foolishly nasty" after fascist comparison
(DBN)

US-UK ties on ‘shaky ground’ as Trump arrives for three-day visit
(DBN)

AP FactCheck: Trump denies calling Duchess Meghan 'nasty'
(DBN)

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EU:

Merkel & Macron at Odds Over New EU Leader
(DBN)

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MENA:

Kushner: Palestinians Can't Self Govern US Deal Finishes Off the Palestinians Egypt Sides with Palestinians on Peace Deal
(DBN)

Pompeo delivers frank view of Trump's Middle East peace plan in off-record meeting Pompeo Says Trump's Middle East Peace Plan May Be Considered 'Unexecutable'
(DBN)

In Iran, economic worries outweigh fear of war with US
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Venezuela:

Russia withdraws key defense advisers support to Maduro, seen as major setback
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China:

China Considers SMB Bankruptcy Path
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