June 14, 2019

The Daily Bankruptcy News

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Law:

Greenberg Traurig Chair: Law Firms Struggle to Compete with Alternative Providers
(DBN)

Sidley, Willkie Return to NY Offices After Helicopter Crash That Shook Building
(DBN)

Florida Coastal and Atlanta’s John Marshall get more news from ABA Legal Ed Section
(DBN)

The ABA Law School Accreditation Project: The $5m Solution To A $65m Problem
(DBN)

Boies Schiller Shakes Up Leadership of Major US Offices
(DBN)

Lawyer Takes Fight Against State Bar Dues to 8th Circuit
(DBN)

Firm reported for being ‘aggressive and intimidating’
(DBN)

Ethics probe launched after DA calls Islam evil, says he won’t use domestic violence laws to protect gays
(DBN)

Second state adopts ABA model rule barring discrimination and harassment by lawyers
(DBN)

Law School ‘Hiring’ New Faculty, But They Aren’t Going To Pay Them
(DBN)

There Are A Lot Of People Out There Who Really Want To Go To Law School
(DBN)

On A Scale Of 1 To 10, How Irresponsible Is This Law School Professor?
(DBN)

Central Park Five Prosecutor To Leave Columbia Law School
(DBN)

Rush To Condemn Linda Fairstein Is Mob Rule
(DBN)

Big Law Celebrates LGBTQ Pride, Confronts Ongoing Challenges
(DBN)

How Do You Get Biglaw Firms To Care About Diversity?
(DBN)

Dershowitz’s Motion To Disqualify Boies Schiller Immediately Dumped For Hilarious Reason
(DBN)

Ashurst board member leaves firm over 'conduct' issue
(DBN)

Ropes & Gray trainee banned from law for forging share certificate
(DBN)

An Abortion Red Herring In Alabama: The Real Story Behind Hugh Culverhouse’s Rejected Donation To The State Law School
(DBN)

How Trump could use his executive privilege to fend off congressional probes The US House intelligence panel has subpoenaed ex-Trump advisers Michael Flynn and Rick Gates Is Michael Flynn’s New Conspiracy-Loving Lawyer About To Withdraw His Guilty Plea? Hmm, Michael Flynn Actually Has a Number of New Lawyers Here’s What Could Actually Be Going on with Michael Flynn’s Legal Team Shake-Up Michael Flynn still expected to testify against ex-partner, government says Is Trump About to Pardon Michael Flynn? Democrats in Congress want more investigations of Trump, and some presidential candidates are ready to go after him Trump Counters McGahn Saying He ‘Never Suggested Firing Mueller’
(DBN)

'It's against the law': Nancy Pelosi slams Trump's openness to taking campaign information from foreign governments Foreign Election Meddling Is Wrong, Mr. President Pelosi on Trump's foreign dirt comments: "Everyone should be appalled" Republicans lash Trump for being open to foreign oppo The faux outrage over Trump's comments on opposition research House Republicans try to spin Trump's foreign dirt comment FEC chairwoman warns candidates not to accept help from foreign governments House Democrats want to make accepting dirt on campaign opponents from foreign governments a crime Republican blocks bill requiring campaigns to alert FBI to foreign assistance Fox host points out exactly how Trump’s comments violate the law Turley: "It should be concerning for any official" Trump’s legally problematic claim that he’d accept “oppo research” from foreign governments, explained
(DBN)

Federal watchdog recommends Kellyanne Conway be removed for Hatch Act violations Read the Report: Federal Agency Assails 'Repeat Offender' Kellyanne Conway Federal watchdog urges ‘unprecedented’ ouster of Kellyanne Conway for violating Hatch Act Kellyanne Conway Broke the Law—And Is Going to Get Away With It Federal Agency Recommends ‘Repeat Offender’ Kellyanne Conway Be Fired For Hatch Act Violations The Trump White House has a record of violating the Hatch Act Kellyanne Conway's multiple offenses aren't surprising, but someone who'll speak out sure is What is the Hatch Act, and why did Kellyanne Conway get accused of violating it so egregiously?
(DBN)

Threatened by Trump, Mexico is trying to reinforce southern border. Wide gaps remain
(DBN)

The Michael Avenatti Saga: What Caused The Meteoric Rise and Precipitous Fall Within A Year? Michael Avenatti is sued for allegedly siphoning paraplegic's $4 million settlement
(DBN)

Anita Hill says 'of course' she would vote for Biden over Trump
(DBN)

Five men outlaw abortion in a Texas town, declaring a 'sanctuary city for the unborn'
(DBN)

Encounter With Client in Courthouse Stairwell Gets Manhattan Attorney Suspended
(DBN)

Man accused of burning black Louisiana churches charged with federal hate crimes
(DBN)

The Next Great El Chapo Mystery: How the Hell Did His Family Get U.S. Visas?
(DBN)

Feds gone wild: DOJ's stunning inability to prosecute its own bad actors
(DBN)

Ritz-Carlton gets $1.6M fine for blocking beach access
(DBN)

Thousands Of California Lawyers Yet To Be Re-Fingerprinted
(DBN)

Crime Rates in US Cities Continue to Fall
(DBN)

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Judges:

Hon. Joan N. Feeney (Ret.) Joins JAMS in Boston
(DBN)

Appeals court applicant lifts quotes from two Supreme Court justices’ confirmation hearings
(DBN)

Jewish death-row inmate claims judge who sentenced him was racist and anti-Semitic
(DBN)

There’s A Heck Of A Steep Learning Curve At The Supreme Court
(DBN)

Trump Picks Who Wouldn’t Say Brown Decided Correctly Advance
(DBN)

Mulvaney pushed judicial nominee over objections of White House lawyers
(DBN)

Justices release financial disclosures
(DBN)

Retired Supreme Court Justice Finds It ‘Mind-Boggling’ That Abolishing Second Amendment Is Not Popular
(DBN)

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Wall Street:

US stock futures fall as chipmakers slide and China data disappoints
(DBN)

Stocks close higher as energy sector rallies on oil- price spike
(DBN)

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Layoffs:

Preliminary settlement reached in Vista Window Company suit
(DBN)

New London's Bemis facility braces for 70 to 110 layoffs
(DBN)

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Politics:

Trump just unveiled his plan for Air Force One's new paint job, and it looks a lot like his private jet Democrats want to make it so Trump has to get Congress' permission to give Air Force One a makeover New Air Force One to Look Like British Airways The Terrible New Design for Air Force One
(DBN)

Trump's Electoral Shenanigans Are Getting Worse
(DBN)

How Donald Trump silenced the people who could expose his business failures
(DBN)

George Will: Trump Worse Than Nixon
(DBN)

Trump Campaign Owes 10 Cities for Security
(DBN)

Billionaire GOP Donor is Done with Trump
(DBN)

DNC releases names of 20 candidates who qualified for first debates
(DBN)

White House press secretary Sarah Huckabee Sanders is leaving the Trump administration Some of Sarah Sanders' most controversial claims as press secretary
(DBN)

What Bernie Sanders’s “democratic socialism” is really about Bernie Sanders Tweeting At Jamie Dimon About Socialism Is Why The Democrats Are Screwed
(DBN)

Warren and Sanders are going in opposite directions Elizabeth Warren's Rise Is a Plus for Issue Politics - And a Bad Sign for Billionaires
(DBN)

Beto O'Rourke says America can do 'far better' than Joe Biden, becoming the latest 2020 candidate to go directly after the frontrunner
(DBN)

Trump administration moving hundreds of USDA scientists from D.C. to Kansas City
(DBN)

The impeachment whip list Where 2020 Democrats stand on impeaching Trump
(DBN)

Brace for a Voter-Turnout Tsunami
(DBN)

Rep. Gabbard says it's 'unfortunate' that some people 'found a way to get out of serving their country' in Vietnam
(DBN)

Trump mistakenly refers to the Prince of 'Whales' soon after criticizing CNN for a typo and the internet is losing it
(DBN)

House set to host first slavery reparations hearing since 2007
(DBN)

A perfectly legal way to bribe a government official
(DBN)

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Economy:

25% of American Worse Off Than Before 2008
(DBN)

Weekly Initial Unemployment Claims increased to 222,000
(DBN)

Dueling polls on Fed's next move suggest the safe bet is a July rate cut
(DBN)

America’s Job Listings Have Gone Off the Deep End
(DBN)

Average Hourly Earnings Hit Record High
(DBN)

7 Ways to Fix Our Fiscal Mess
(DBN)

Corporate debt dangers still lurk even if Fed eases
(DBN)

A Morgan Stanley reading on the economy collapses by the most ever
(DBN)

America has the widest retirement savings gap of these developed nations — and it’s only going to get worse
(DBN)

Baby boomers aren't to blame for Social Security troubles, study suggests
(DBN)

Big Biz Paying Less Than Expected in Taxes
(DBN)

Trump and Xi are supposed to meet at the upcoming G20 summit. Here's why experts say the outcome will dictate the fate of the entire stock market China says trade pressure from the US 'will absolutely not succeed' as Trump vows to slap tariffs on $300 billion worth of products More than 600 companies including Walmart and Costco sent a letter to Trump begging him not to increase China tariffs Apple CEO Tim Cook met with Donald Trump to discuss trade, immigration and privacy Lululemon is spending more on air shipments before Trump's tariffs clog up ports — and it's a stark warning for companies that import from China Trump’s trade war has cost the market trillions; we’ll get half back, says JPMorgan The Trump administration has denied Tesla's request for parts of the Model 3 that are made in China to be exempt from tariffs Uber Loses Bid for Tariff Relief
(DBN)

Senator says South Dakota lost half a billion dollars from Trump's trade war
(DBN)

Trade Wars And Tariff-Mania: An Investor Survival Guide
(DBN)

Bank of America has found the perfect recession play — death
(DBN)

Some measures of market risk getting closer to ‘red’ zone, money manager says
(DBN)

The surprising truth about extreme poverty
(DBN)

Pelosi: No debt increase until spending limits are raised
(DBN)

Study: Millennials Face Greatest Hardships From Toxic Economic Conditions; Likened To ‘Canaries In The Coalmine’
(DBN)

The US Economy's Strange Decade
(DBN)

The Worst Companies to Work For
(DBN)

Hotels: Occupancy Rate Decreased Year-over-year
(DBN)

Our $400 Billion Fighter That Can't Fly Right
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

4th Circuit overrules own precedent, holds undersecured homestead mortgage claims can be bifurcated
(DBN)

Reverse Mortgage Meltdown ... and Gov't Complicity?
(DBN)

A $4 Trillion Risk Tied to Freeing Fannie and Freddie Could Hurt U.S. Homebuyers
(DBN)

Why Millennials Can't Afford to Buy a House
(DBN)

Why Housing Policy Feels Like Generational Warfare
(DBN)

TX: GOMO in limbo after conversion of bankruptcy case
(DBN)

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Municipalities:

Judge Swain questions reasonableness of Puerto Rico utility’s $8.5 billion restructuring support agreement
(DBN)

Puerto Rico Industrial Development Co. enters tentative deal to restructure $165 million
(DBN)

Michigan drops charges in Flint water probe, pledges new investigation Prosecutors throw out charges in Flint water crisis cases in perplexing and disturbing move
(DBN)

New York Mall's $300 Million Muni Bonds Cut to Junk by Moody's
(DBN)

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Oil/Gas:

Legacy Reserves: Planning For Bankruptcy RIP Legacy Reserves
(DBN)

Judge orders Alfaros to turn over monies
(DBN)

Tanker attacks reignite oil fear premium, prices could spike to $80 Tanker companies spooked by Gulf attacks Tanker Attacks Spell Doomsday for OPEC
(DBN)

OPEC Cuts Oil Demand Outlook IEA sees oil demand growth falling to lowest level in years as global economy stalls
(DBN)

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Religion:

Catholic bishops adopt long-promised abuse plan - for bishops to police bishops
(DBN)

Victim deadline approaches in archdiocese bankruptcy case
(DBN)

79% Say U.S. Clergy Abuse Reflects Continuing Problem
(DBN)

There is an obvious way for the Catholic Church to reduce child sex abuse, but bishops refuse to do it
(DBN)

Southern Baptist leader outlines measures to address, combat abuse
(DBN)

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Pensions:

Taxpayers, businesses will also lose if pensions go bust
(DBN)

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Climate:

Rising Methane: The New Climate Crisis
(DBN)

15 Major Rivers in America Running Dry
(DBN)

Half of Greenland's Surface is Already Melting
(DBN)

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Electricity:

What's the California Legislature doing about wildfires? Not much yet
(DBN)

PG&E shutoffs: What you need to know about power outages during fire season PG&E taking heat for three days of power outages in Lafayette
(DBN)

Logs Are Littering California Towns as Trees Are Cut to Prevent Wildfires
(DBN)

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Maritime:

Bankruptcy looms as no takers vie for Sungdong
(DBN)

Jail term for ex-manager of OW Bunker's Singapore unit increased to 5 years
(DBN)

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Healthcare:

Bankruptcy judge approves additional funding for Astria Health Judge approves funding for Astria Health, help emerge from bankruptcy
(DBN)

The cost of cancer: 25% of survivors face financial hardship, report finds
(DBN)

New York, epicenter of measles outbreak, bans religious exemptions for vaccines
(DBN)

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Taxis:

The Gig Economy Bill Spooking Uber, Lyft
(DBN)

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Mass Torts:

California Jury Awards Twelve Million Dollars to Plaintiff in Talc Case
(DBN)

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Fraud:

Here’s Some Potential ‘Good News’ for Lori Loughlin, Other Parents in College Admissions Scandal Lori Loughlin Is Seemingly Prepared to ‘Fight Fire with Fire’
(DBN)

GOP Rep. Duncan Hunter’s Wife Pleads Guilty to ‘Knowingly’ Misusing Campaign Funds
(DBN)

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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 (9 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (7 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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Student Debt:

An astounding number of bankruptcies are being driven by student loan debt
(DBN)

Elizabeth Warren will introduce legislation to cancel student loan debt for most borrowers
(DBN)

African Americans are held back the most by student loan debt; here's a solution
(DBN)

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Fiduciary Duty:

Fifth Circuit Affirmed Judgment Against A Company’s Former Officer For Breach Of Fiduciary Duty
(DBN)

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Contempt:

Legal Standard for Imposing Civil Contempt
(DBN)

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IP:

New Supreme Court Decision Could Make It More Difficult for Franchisors to Negotiate with Franchisees During Chapter 11 Bankruptcy
(DBN)

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LBOs:

$200M Settlement Reached in Tribune Leveraged Buyout Fraud Case Tribune Execs Must Contribute Personal Assets to $200 Million Settlement
(DBN)

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Tax:

US tax change to favor companies over lenders in next downturn
(DBN)

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Golf:

A Failed Trump Golf Course Turned Into a Dilapidated New York State Park
(DBN)

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Retailing:

Lampert to Elizabeth Warren and AOC: Severance has been paid, singling Sears out is ‘unfair’ Eddie Lampert blasts AOC, Warren over 'harsh,' 'false' Sears severance allegations Sears owner says laid-off workers got their severance. But Elizabeth Warren isn't satisfied
(DBN)

Halfway Thru the Year – More Retailers to Watch for a Bankruptcy Filing in 2019
(DBN)

Francesca’s Q1 loss widens; sales plunge; closing at least 30 stores this year
(DBN)

Toys 'R' US Bankruptcy a Windfall for Law Firms, Study Finds
(DBN)

Why Saks Fifth Avenue buyout offers new look on leverage
(DBN)

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Education:

The 20 top-ranked US colleges and universities with the most dropouts
(DBN)

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Food/Beverage:

NC: Bankruptcy judge orders popular Apex restaurant closed because of owner's 'financial acrobatics'
(DBN)

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Trucking:

Pilot sues shut-down trucking company over $800,000 in unpaid fuel charges
(DBN)

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Orchestras:

Baltimore Symphony musicians rally for state funding to save the orchestra
(DBN)

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Media:

The Realignment of the Media is Over
(DBN)

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Pharma:

'It keeps changing': Oklahoma's opioid strategy is a 700-year-old English law that used to regulate wandering sheep
(DBN)

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Agribusiness:

Land O'Lakes CEO: There's a Farm Crisis in America Right Now
(DBN)

Trump claims farmers wept behind him when he signed an executive order. Video shows otherwise.
(DBN)

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UK:

Boris Johnson on course to be prime minister after winning first round of Conservative leadership contest
(DBN)

Debt-ridden Prestwick Airport put up for sale by Scottish Government
(DBN)

The Arcadia CVA – All’s well that ends well?
(DBN)

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EU:

EU plans easier restructuring of euro zone bonds from 2022 - draft
(DBN)

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PIIGS:

EU Creditors Warn Greece About Fiscal Risks Amid Market Rally
(DBN)

Italy Faces EU Scrutiny for Action on Excessive Debt
(DBN)

New bidder emerges for Alitalia; deadline may be delayed again
(DBN)

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MENA:

Photos and video show flames, ash, and charring on oil tanker after suspected torpedo attack in Gulf of Oman Trump administration blames Iran for oil tanker attacks in Middle East Secretary of State Pompeo Blames Iran for Attacks on Tankers Iran Has Little to Gain From Oman Tanker Attacks Iran Rejects US Claims on Gulf Attacks US Claims Iran Took Mine Off Tanker Iran Will Get Blame, but Truth is Murkier
(DBN)

Tensions in the Gulf Are a Geopolitical Black Hole
(DBN)

How Iran Was Swindled Out Of $3.2 Trillion
(DBN)

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India:

How India’s Insolvency Reforms Are Creating New Investment Routes
(DBN)

India seeks to ban Deloitte, KPMG for five years
(DBN)

Jet Airways plummets 12% despite NCLT adjourning insolvency plea
(DBN)

Will IBC override SEBI Act? NCLT order challenged by SEBI in Supreme Court
(DBN)

Changes in insolvency laws: Homebuyers’ despair and government’s dilemma
(DBN)

Mediation In Corporate Insolvency: A Game Changer
(DBN)

India tightens credit rating norms after defaults, downgrades
(DBN)

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Australia:

‘We are ashamed’: The heartbreaking letter from a bankrupt farmer
(DBN)

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