June 13, 2019

The Daily Bankruptcy News

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Law:

BigLaw firm threatened with sanctions for alleged discovery foot-dragging in Baylor litigation Biglaw Firm Faces Potential Sanctions For Stonewalling Assault Plaintiffs
(DBN)

Bigger is not better at law school
(DBN)

Thomas Jefferson Law Will Likely Struggle to Regain ABA Approval
(DBN)

Students Want ‘Central Park Five’ Prosecutor Fired from Columbia Law
(DBN)

White & Case Names New Executive Leadership Amid Growth Plan
(DBN)

Avvo founder unwinds as he thinks about the next step
(DBN)

Some Lawyer Awards And Rankings Are Pretty Chintzy
(DBN)

New Law Firm Pricing Tool Taps Into Artificial Intelligence
(DBN)

A law professor resigns as Netflix drama about Central Park Five continues to dredge up anger
(DBN)

7 Easy Lessons on Winning Negotiations
(DBN)

Trump asserts executive privilege to shield documents on Census citizenship question House Oversight Committee holds Attorney General Barr and Commerce Secretary Wilbur Ross in contempt of Congress Wilbur Ross accuses House Committee of trying to blur separation of powers Adam Schiff Threatens to Subpoena FBI for Russia Probe Information The Trump administration's desperate Census cover-up continues The census is a sleeping giant of a potential Trump administration scandal The fight over the 2020 census citizenship question, explained Executive privilege has contentious history, from George Washington to Donald Trump Michael Flynn hires Sidney Powell as new legal counsel Michael Flynn hires conservative lawyer and commentator critical of Mueller investigation Michael Flynn hires a lawyer who once urged him to withdraw guilty plea in Mueller case Trump Jr. says he's 'not at all' worried about perjury charges despite Dems' suspicions Hope Hicks will testify in Democrat-run House hearing - the first Trump administration veteran to yield to a subpoena about Russia Buttigieg Backs a Future Criminal Investigation Into Trump Trump’s Astonishing Confession Most in GOP Believe President Can be Indicted Trump on Russia dispute: 'Ultimately I'm always right'
(DBN)

The Trump administration will detain hundreds of migrant children at a military base that was once used as a Japanese internment camp More Mexicans Leaving the US Than Coming Mexicans Not the Majority of Undocumented
(DBN)

Kellyanne's Biglaw husband George Conway pens op-ed calling for Trump impeachment proceedings
(DBN)

Jurors deadlock in case of Arizona teacher who helped immigrants
(DBN)

Masterpiece Cakeshop Owner Sued Again For Discrimination
(DBN)

Alabama governor signs chemical castration law; it’s not the first state to authorize it
(DBN)

Republicans are abandoning exception language that has long been standard in abortion bans. Why?
(DBN)

U.K. signs U.S. extradition request for Julian Assange
(DBN)

A college student used Snapchat's gender-swap filter to catch a police officer allegedly trying to lure a teen into a sexual relationship
(DBN)

What In The World Were These Lawyers Thinking?
(DBN)

FactCheck: "Every day on average 500 people die from gun violence"
(DBN)

Elderly man robs bank -- to go back to prison
(DBN)

California prisoners can possess pot but not consume it, appeals court rules
(DBN)

Alleged 'Mile High Club' airplane passenger on trial
(DBN)

Texas governor signs bill legalizing kids' lemonade stands
(DBN)

Bryan Singer Paying Out $150K To Sexual Assault Accuser In Bankruptcy Case Settlement Bryan Singer Will Pay $150,000 to Settle Lawsuit Over Allegedly Raping Minor Plaintiff
(DBN)

San Fran Cops Sue Claiming Bias Against Whites
(DBN)

Tennessee detective's church sermon calls for execution of LGBTQ people
(DBN)

Cuba Gooding Jr. to Surrender to NYPD
(DBN)

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Judges:

Former Young Conaway Partner Joins Del. Bankruptcy Bench
(DBN)

Nina Totenberg Dishes On Her Friendship With Ruth Bader Ginsburg
(DBN)

Challengers of Census citizenship question ask Supreme Court to put off ruling
(DBN)

Right-Wing Judicial Nominee Scuttled For ‘Being An Actual Lawyer’
(DBN)

Senate Confirms Third Black Trump Nominee to Judicial Post
(DBN)

Trump Solicitor General Has High Court’s Ear as Ideologies Meet
(DBN)

Trump Court Pick Reveals $5M in Quinn Emanuel Partner Pay Since 2017
(DBN)

Chief Justice John Roberts is about to show his cards
(DBN)

Attorney plagiarizes Supreme Court justices in quest to join Arizona Court of Appeals
(DBN)

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Wall Street:

Dow futures rise as oil prices surge on tanker incident Stock futures point to higher start for Wall Street after back-to-back losses
(DBN)

Stock Market Closes Lower As These Sectors Cause Most Damage
(DBN)

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Pharma:

Law Firms Dominate Opioid Maker's Creditors as Weil Takes Counsel Role for Insys
(DBN)

How an American billionaire predicted — and then profited from — the U.S. opioid epidemic
(DBN)

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Politics:

Elizabeth Warren's Day 1 priority list as president Elizabeth Warren Ahead of Bernie Sanders for First Time in Two New Polls Elizabeth Warren’s plan to pass her plans
(DBN)

Trump: ‘I think I’d take’ damaging info on 2020 rival from foreign operatives
(DBN)

Trump claims California officials admitted he was “right” about wildfires. That didn’t happen
(DBN)

Trump, without evidence, says polling shows him ahead in every state surveyed
(DBN)

Biden leads Trump by 'landslide proportions' in new national poll
(DBN)

Trump’s big problem is that he’s unpopular
(DBN)

Mitch McConnell Buries Bipartisan Bill to Protect US Elections
(DBN)

Rural Voters ‘Tired and Frustrated’ With Trump But Sticking With Him
(DBN)

The World Has Lost Confidence in America's Leadership Since Donald Trump Was Elected, Peace Index Shows
(DBN)

Here are all the insulting nicknames Trump has used for 2020 Democratic candidates
(DBN)

Trump Sides with NKorea Over the CIA
(DBN)

State official dodges questions about Kushner's role in Saudi arms sales
(DBN)

Kamala Harris: My DOJ "would have no choice" but to prosecute Trump Would we really prosecute an ex-president?
(DBN)

After emotional testimony from 9/11 responders, House panel votes to replenish victim fund 9/11 Responders Warn Graham, McConnell
(DBN)

Should Democrats embrace socialism? The 2020 primary, in four factions.
(DBN)

Sanders lays out his vision for America: finish what Franklin Roosevelt started What Kind of Socialist Is Bernie Sanders? Bernie Sanders’s definition of democratic socialism, explained
(DBN)

Ted Cruz just offered to work with Alexandria Ocasio-Cortez to make birth control available over the counter
(DBN)

Trump is reportedly intrigued by impeachment and the boost it could give his approval ratings Lock HIM up? Dems weigh what to do about Trump’s deeds
(DBN)

Disgraced Rep. Steve King introduces the ‘Diamond and Silk Act’ in a bizarre press conference that turned into a shouting match
(DBN)

Democratic congresswoman says she's tired of hearing 'so many sex-starved males' on the House floor talking about a woman's right to choose
(DBN)

Annual global index rates U.S. 128th most peaceful nation on earth
(DBN)

Fear of a blue Texas: New GOP group to spend millions registering Republicans
(DBN)

Rep. Duncan Hunter's Wife to Plead Guilty
(DBN)

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Student Debt:

U Of M Gives Boomers College Credit For $10: Millennials Outraged
(DBN)

Student loan debt: A national crisis
(DBN)

Democrats push for tougher oversight on student loan market
(DBN)

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Coal:

A big coal shutdown -- plants part-owned by Puget Sound Energy
(DBN)

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Banking:

FDIC wants $14.5 million from dead Bridgeport banker’s estate over massive fraud
(DBN)

Who wants to be CEO of Wells Fargo? No one, apparently
(DBN)

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Cannabis:

Colorado surpasses $1B in pot tax revenue since legalization
(DBN)

____________


Economy:

Cleveland Fed: Key Measures Show Inflation Close to 2% YoY in May, Core PCE below 2%
(DBN)

BLS: CPI increased 0.1% in May, Core CPI increased 0.1%
(DBN)

Federal Spending Tops $3 Trillion Through May for First Time; Deficit Hits $738 Billion
(DBN)

Debt Ceiling, Budget Jitters Prompt McConnell to Broker Deal
(DBN)

The US budget deficit skyrocketed to a record $207.8 billion in May Deficit to Hit $738 Billion This Year
(DBN)

Social Security Is Staring at Its First Real Shortfall in Decades. Big Cuts Could Follow
(DBN)

CEO confidence drops for the 5th straight quarter U.S. CEO confidence drops to lowest level of Trump presidency
(DBN)

Tudor Jones says next round of China tariffs could tip us into a recession
(DBN)

A key GOP lawmaker just reversed on the promise that Trump's tax cuts will pay for themselves
(DBN)

Federal money that used to give cash assistance to poor families is now being used for other purposes—and race is clearly a factor
(DBN)

Trump’s booming economy no joke
(DBN)

Trump may have backed off the Mexico tariffs, but the push towards more trade barriers isn't going away The trade war is taking a big bite out of profits for Wall Street’s biggest names A Wall Street firm pinpointed 8 corners of the market most vulnerable to trade war-induced chaos
(DBN)

The US is more likely to end the trade war than face a ‘Trump recession,’ JP Morgan’s top quant says
(DBN)

New Trade Policy is Threatening Economy
(DBN)

Paul Tudor Jones says Fed rate cuts are coming and this is what investors should do
(DBN)

Trump Wants To Limit Aid For Low-Income Americans. A Look At His Proposals
(DBN)

Donald Trump Chastised CEO of Bank That Went Under During Financial Crisis, Book Claims: 'You Arrogant SOBs, Look at You Now'
(DBN)

A growing body of evidence shows why Gen Y consumers aren't ideal consumers: because many of them are broke
(DBN)

Millennials who earn $100,000 or more are flocking to these 10 states
(DBN)

2 In 5 Paid Credit Card Bills In Full Last 6 Months
(DBN)

A California bill could upend the gig economy
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

2.2 Million Homes with Negative Equity in Q1 2019
(DBN)

Options are few for storm-ravaged homes with insufficient insurance
(DBN)

America's homebuyers are saving big as interest rates continue to decline
(DBN)

Three creditors of Chesterfield-based Live Well Financial file petition to force the former mortgage lender into bankruptcy
(DBN)

When A Ponzi Scheme And Bond Protections Collide
(DBN)

Reverse Mortgages Become Foreclosures
(DBN)

New York owners of Fones Cliffs file for bankruptcy
(DBN)

Houston Real Estate in May: Sales up 3% YoY, Inventory Up 10%
(DBN)

Leading mortgage lender Quicken Loans sees record loan volumes MBA: Mortgage Applications Increased Sharply in Latest Weekly Survey
(DBN)

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Municipalities:

Puerto Rico oversight board reaches deal over retiree pensions
(DBN)

Retirees defy Puerto Rico govt, get pension deal with board
(DBN)

Puerto Rico fiscal board: Gov’t debt deal to be presented in 30 days
(DBN)

Buyer Beware of States With a High Number of Muni Bankruptcies
(DBN)

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Oil/Gas:

JP Morgan poised to take ownership of bankrupt energy holdco Triangle
(DBN)

EP Energy: With Bankruptcy Possible, Is There Any Value In The Debt?
(DBN)

OPEC’s oil output falls to 5-year low in May as group warns of weaker demand Oil Demand Signals Flashing Red
(DBN)

US Lowers Oil Price Forecast for 2019
(DBN)

Tankers targeted near Strait of Hormuz amid Iran-US tensions Two oil tankers struck in suspected attacks in Gulf of Oman - shipping firms Explosions rock two oil tankers after 'torpedo' attack in Gulf of Oman forces both vessels to be evacuated U.S. Navy assists 2 oil tankers in Oman Sea after reports of explosion Oil prices surge after two tankers reportedly attacked near Strait of Hormuz
(DBN)

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Fraud:

Ex-Stanford sailing coach sentenced to one day in admissions bribery scandal
(DBN)

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Travel:

Airport security lines could get longer next year - and TSA officers are not a happy crew
(DBN)

____________

Religion:

Southern Baptists vote overwhelmingly to amend their constitution to address abuse As Southern Baptists take action on abuse, some question whether it's enough
(DBN)

Catholic bishops in US approve new hotline for victims of abuse
(DBN)

U.S. Catholic bishops discuss abuse accountability plan at national conference
(DBN)

Indiana bishop bars lawmakers who supported abortion rights from Communion
(DBN)

Diocese of Madison hires firm to review clergy files
(DBN)

5 trans Catholics on the Vatican’s rejection of their gender identity
(DBN)

____________

Electricity:

Morrison & Foerster Joins PG&E’s Legal Team in Bankruptcy Case
(DBN)

PG&E's bankruptcy: renewable energy costs at 800% of market rates
(DBN)

San Francisco Eyes PG&E Grid as Utility Preps for Fire Season
(DBN)

____________

Football:

XFL has competition for defunct football league's gear
(DBN)

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Food/Beverage:

Williamsburg Hit Maison Premiere, Millions in Debt, Files for Bankruptcy Protection
(DBN)

Plan to turn around Pizza Hut’s biggest franchisee is in trouble
(DBN)

____________

Retailing:

Bankruptcy Recourse in MCA Agreements
(DBN)

Forever 21 Hires Latham & Watkins for Advice on Restructuring Forever 21 hires Latham for advice on restructuring
(DBN)

The Fed Calls it “Collateral Stripping.” These PE Firms Took it to the Next Level and Just Got Away With It
(DBN)

Neiman Marcus Kicks The Can Down The Road. So Now What?
(DBN)

Bankrupt Z Gallerie downsizing Southern California HQ, slashing 196 jobs
(DBN)

Target expands same-day shipping in delivery wars with Walmart and Amazon
(DBN)

As Walmart and Amazon war escalates, smaller retailers caught in the crossfire
(DBN)

A Buyout Won’t Solve Saks Owner’s Real Issue: Department Stores Are Dying
(DBN)

Bankruptcy the only option for Dutch Hudson's Bay stores?
(DBN)

Book Wholesaler Trying To Outbid Hedge Fund For Barnes & Noble
(DBN)

Will the once marvelous department store ever come back?
(DBN)

____________

Aviation:

Settlement involving creditors, Lafayette-based PHI includes exit of CEO Al Gonsoulin
(DBN)

____________

Climate:

Trump Official Goes Rogue, Says Climate Change May Cause Next Financial Crisis
(DBN)

____________

Tobacco:

House Democrats kick off Juul investigation
(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 (23 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (15 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)

______________

Bankruptcy Statistics:

May Commercial Chapter 11 Filings Rise 7% Y/Y
(DBN)

Bankruptcy Filings In Hawaii On The Rise, Report Says
(DBN)

______________

Bankruptcy Reform:

A Senator Proposes To Allow Student Loans To Be Dischargeable In Bankruptcy — But Is That A Good Idea?
(DBN)

____________

Involuntary Bankruptcy:

Every Rose Has Its Thorn: Involuntary Bankruptcy Petitions
(DBN)

____________

IP:

Supreme Court Bankruptcy Decision Has Major Impact on Trademarks and Licenses
(DBN)

On the Mark: Understanding the Supreme Court’s Latest Decision Regarding the Treatment of Trademark Licenses in Chapter 11
(DBN)

Supreme Court: Trademark Owner in Bankruptcy Can’t Cancel Its Trademark Licenses
(DBN)

____________

SCOTUS:

Supreme Court Denies Cert Bid Over Unpaid Breakup Fee
(DBN)

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D&O:

D&O Insurance: Continuity of Coverage as a Counter to Late Notice
(DBN)

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Cross-Border:

BK ED NY: Court Adopts Procedural Guidelines for Communication and Cooperation Between Courts in Cross-Border Insolvency Matters
(DBN)

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LBOs:

Zell, other former Tribune executives reach $200 million settlement over LBO
(DBN)

Safe Harbor Shields Shareholders In Tribune Fraudulent Transfer Litigation
(DBN)

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Advisors:

Restructuring Rivals: Behind The Scenes Of Jay Alix's War On McKinsey
(DBN)

____________

Healthcare:

Fate of LifeCare remains unclear
(DBN)

No wonder the U.S. leads the world in health spending
(DBN)

The nation’s most prominent doctors group almost dropped its opposition to Medicare-for-all
(DBN)

Maine Legalizes Assisted Suicide
(DBN)

____________

Agribusiness:

Auction set for bankrupt Plainville Livestock Commission; $14M owed Ranchers express frustration as Plainville Livestock funds remain in court’s hands
(DBN)

Is Oregon Paving the Way for More Mega-Dairies?
(DBN)

Land O' Lakes CEO sounds alarm on farm economy
(DBN)

____________

Tax:

SALT workaround officially squashed by Treasury Department
(DBN)

____________

Private Equity:

PE Firms Race to Block Exit Doors to Ward Off Vulture Funds
(DBN)

____________

Non-Profits:

Can Anyone Save the Scandal-Plagued USA Gymnastics? Li Li Leung Is Determined to Try
(DBN)

____________

UK:

British MPs are losing their resolve to prevent a chaotic no-deal Brexit
(DBN)

No-deal Brexit: MPs reject plan to block UK from leaving EU without a deal
(DBN)

Brexit and High Wages Are a Poisonous Mix for the Bank of England
(DBN)

Boris: UK Leaving the EU on October 31 The Empty Promises of UK's Boris Johnson
(DBN)

Brexit Mess Has Ruined UK's Reputation
(DBN)

Britain pledges to reach net zero greenhouse gas emissions by 2050
(DBN)

Katie Price 'faces financial woes as her clothing company KDC Trading closes down'
(DBN)

Creditors vote to rescue Sir Philip Green's Arcadia empire Green secures rescue deal for Topshop empire Philip Green’s retail empire avoids administration as rescue plan is passed
(DBN)

Green's creditor fight places use of controversial CVAs in peril
(DBN)

Catten College in Colchester closes after entering insolvency
(DBN)

Creditors' lawyer tells court: Hudspiths fund was a 'ponzi scheme'
(DBN)

Getting a Debt Relief Order
(DBN)

____________

EU:

Non-performing loans in the EU continue to decline
(DBN)

____________

PIIGS:

Greece raises 812.5 mln euros in treasury bill sale
(DBN)

Green's creditor fight places use of controversial CVAs in peril
(DBN)

ie: Debt write-off applications up as bankruptcy numbers fall
(DBN)

____________

MENA:

Saudi Arabia is hunting down women who flee the country by tracking the IMEI number on their cellphones
(DBN)

Dubai insolvency law will foster creativity DIFC rolls out ‘crucial’ insolvency law in cross-border move
(DBN)

____________

China:

Bankruptcies and slowdown hang over China’s electric car market
(DBN)

Hong Kong's extradition bill could plunge it into the US-China trade war The Infamous Date That Looms Over the Hong Kong Protests Hong Kong Wants Democracy Chaos in the Streets of Hong Kong
(DBN)

China Car Sales Post Worst Ever Monthly Drop
(DBN)

The price of apples is soaring in China, and Beijing is showing concern
(DBN)

____________

Singapore:

Former boss of bankrupt luxury jet firm fined for verbally abusing police officer
(DBN)

____________

New Zealand:

Insolvency Practitioners Bill brings new protections for consumers and creditors
(DBN)

____________

India:

NCLT adjourns Jet Airways insolvency plea to 20 June Jet Airways sale: Lenders, stakeholders to meet to iron out thorny issues Jet Airways shares fall sharply a day after BSE, NSE decide to pull airline out of daily trading
(DBN)

Shares of debt-heavy firms tumble, drag lenders too
(DBN)

____________

Venezuela:

Venezuela: Overcrowded Morgue Asks Families to Take Bodies Home
(DBN)

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