June 17, 2019

The Daily Bankruptcy News

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Law:

US Appeals Court Takes Fresh Look at Mandatory Bar Fees in Wake of 'Janus'
(DBN)

Budd Larner Announces July Closure
(DBN)

Legal teams to grow next six months
(DBN)

Magic circle and US law firms ‘must change the way they work’ or face ‘doom’, warns the FT Why law firms must change how they work
(DBN)

There's much more to Linda Fairstein's story
(DBN)

Want to Be Happy? There's an App for That
(DBN)

'We're All Individuals!' Big-Law Branding in a Cookie-Cutter World
(DBN)

Lawyer engaged in ‘sustained campaign of unfounded litigation,’ disbarment recommendation says
(DBN)

Fired Black Law Professor May Sue D.C. Law School
(DBN)

AAUP censures Vermont Law School AAUP Adds Vermont To List Of Schools Sanctioned For 'Serious Departure' From Shared Governance In Detenuring 14 Of 19 Law Profs To Close $2 Million Budget Gap
(DBN)

After Ouster From Deanship For Representing Harvey Weinstein, Law Prof Blasts Harvard's Capitulation To A 'Loud Minority Of Students'
(DBN)

Take Advantage Of Any Opportunity To Grow
(DBN)

Why ‘A’ Students Struggle In Biglaw
(DBN)

Yet Another Law Partner Blows Up His Career - David Scudieri's Antics
(DBN)

As Cyberattacks on Business Grow, General Counsel Are 'Thirsty' for More Details
(DBN)

Relationships And Results
(DBN)

Biglaw’s New, Inclusive Trend — Just In Time For Recruiting Season
(DBN)

Trump to Nominate Big Law Attorney to Legal Services Corp Board
(DBN)

Trump says he read Mueller report, falsely claims it found "no collusion" The 24 times Trump has accused somebody of "treason" Trump Says He Didn't Speak to Mueller 'Because They Were Looking to Get Us for Lies' Michael Flynn, prosecutors ask judge to postpone setting sentencing date Mueller Figure Was State Dept. Intel Source
(DBN)

Is it actually illegal to accept “campaign dirt” from foreigners?
(DBN)

McGahn source bites back on Trump's Mueller claims Trump: Don McGahn's Mueller testimony "doesn't matter" George Stephanopoulos is filleting President Trump, clip by clip Trump says McGahn 'may have been confused' in saying Trump directed him to pursue Mueller's firing Trump Claimed McGahn Lied Under Oath to Make Himself Look Good. Here’s What the Mueller Report Said.
(DBN)

Buttigieg: My DOJ would decide independently whether to prosecute Trump
(DBN)

GOP strategist and census official discussed citizenship question, new filing suggests
(DBN)

Justice Department backs Treasury on blocking Trump tax returns
(DBN)

Trump says he won't fire Kellyanne Conway over Hatch Act Violations: "First Amendment"
(DBN)

Judge Rejects Florida Prosecutors’ Attempt to Hold Robert Kraft’s Lawyers in Contempt
(DBN)

What happens when a migrant child crosses the border Mexico Releases Full Text of Immigrant Deal Trump's 'border czar' says he hasn't accepted post US immigration authorities fear mumps outbreak in crowded detention facilities A record number of African migrants are coming to US-Mexico border Trump administration cannot block abortions for immigrant teens in custody, court rules Pete Buttigieg accuses Trump of not caring about fixing border crisis
(DBN)

OJ: I Got a Little Gettin' Even To Do
(DBN)

'No brainer': Trump tweets support for amendment banning flag burning
(DBN)

Federal task forces ban body cameras, so Atlanta police pull out. Others may follow.
(DBN)

Baltimore officer who makes more than the mayor tackled a bystander he said was 'combative,' but videos told a different story
(DBN)

Man impersonating a cop caught when he attempted traffic stop
(DBN)

'Throw this note away!' How a frantic note led cops to a former principal suspected of killing a teacher
(DBN)

Jeffrey Epstein's scandal of secrecy points to a creeping rot in the American justice system
(DBN)

Is cowardice a crime? Scot Peterson's failure leaves us with complicated questions
(DBN)

After a 4-year-old took doll from store, video shows Phoenix police pulling gun on parents
(DBN)

Tenn. pastor, a longtime sheriff's detective, preaches that the government should execute LGBTQ people
(DBN)

When Police are in Facebook Extremist Groups
(DBN)

Phoenix Mayor Apologizes After Police Draw Gun On Family After Child Takes Doll
(DBN)

Three decades after a child's murder, police made an arrest. His neighbors weren't surprised.
(DBN)

Big Law Pro Bono Takes on ‘Heartbeat’ Abortion Restrictions Women entrepreneurs and business executives say the abortion bans are harmful and terrible for business Rapists’ rights defy reason
(DBN)

Amanda Knox breaks down in tears as she relives her murder trial that made headlines around the world
(DBN)

Woman in wheelchair uses taser on McDonald's worker over slow service
(DBN)

Court Finds Man Not Liable for Strapping Pork Chops to His Feet
(DBN)

The Biglaw Firm That Went To Bat Over Nipplegate
(DBN)

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Judges:

Why SCOTUS Rulings are Hard to Predict
(DBN)

Anticipation builds for final Supreme Court rulings
(DBN)

Appeals Court Rebukes Brett Kavanaugh
(DBN)

High court, chief justice face upcoming tests
(DBN)

Ethics case is tossed against judge who protested death penalty while ruling in execution drug dispute
(DBN)

Gorsuch earned $225K advance for book, Ginsburg leads in reimbursed travel, disclosures show
(DBN)

Roberts Sold AT&T Shares; Justices Move Away from Conflicts
(DBN)

Tiger Cub Follows Kavanaugh
(DBN)

Drunk Judge Forces State to Review Cases
(DBN)

New York Judge Dies After Suffering Heart Attack in His Courtroom
(DBN)

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Wall Street:

Dow futures higher as investors await Fed meeting
(DBN)

US stocks close with losses on the day
(DBN)

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Layoffs:

Trump presses Lockheed to keep open a Pennsylvania plant slated for closure
(DBN)

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Politics:

Elizabeth Warren, Pete Buttigieg surge in South Carolina poll Biden's Warren problem Elizabeth Warren wants to level the playing field for entrepreneurs of color Elizabeth Warren isn’t Hillary Clinton Elizabeth Warren banished to kiddie table at Democrats’ 1st debates
(DBN)

Trump: "I Run the Country" Trump Insists the Constitution 'Allows Me to Do Whatever I Want'
(DBN)

Christie: Trump Mistakenly But Sincerely Thinks It's Normal to Take Accept Foreign Dirt
(DBN)

New Fox poll shows Trump trailing Biden and four other Democrats President Trump’s internal polling data from March showed him far behind Joe Biden in key battleground states CBS News Battleground Tracker poll: Biden leads, with Warren, Harris, Sanders close behind Trump campaign cutting ties with three members of polling team after grim numbers leaked Donald Trump Says He's Against Polls Because 'I Like the Truth'
(DBN)

Bernie Sanders on Democratic Socialism, Elizabeth Warren and the Media
(DBN)

Pete Buttigieg says he's to open raising children in White House with husband: 'It wouldn't be the first time children have arrived to a first couple'
(DBN)

7 winners and 8 losers of the 2020 Democratic debate lottery
(DBN)

AOC: Progressive frustration with Pelosi over impeachment is "quite real" Will impeachment backfire on Democrats? Not if they do it right Some House Democrats are willing to risk 2020 to impeach Trump
(DBN)

Black Economic Alliance forum: 2020 hopefuls vow to close wealth gap
(DBN)

Trump's 2020 campaign reportedly cut ties with pollsters after leaks showed Biden leading in key states
(DBN)

Ivanka Trump made $4 million in 2018 off investment in dad's D.C. hotel Income for Ivanka Trump and Jared Kushner dropped in 2018
(DBN)

Joe Biden probably won’t stop making comments some people find sexist, but it won’t necessarily hurt his campaign Alexandria Ocasio-Cortez had a surprisingly muted response on Biden's conduct with women and girls: 'Not necessarily about right or wrong' Joe Biden is the Democratic front-runner — but he is vulnerable
(DBN)

Trump retweets person who once called for "final solution" on Islamic terrorism
(DBN)

Republicans struggle to elect and retain female members of Congress
(DBN)

Capitol Hill takes on reparations
(DBN)

Trump: Epic Stock Crash If I'm Not Reelected Trump warns of a 'market crash the likes of which has not been seen before' if he loses 2020 election — but economists are worried he's causing a recession on his own
(DBN)

Trump says supporters might 'demand' that he serve more than two terms as president
(DBN)

Conway knew the law. She just didn't care.
(DBN)

In states where inmates can vote, few exercise their right to cast ballots
(DBN)

Trump Rallies Leave Cities in Deep Debt
(DBN)

Trump: Who's Going to Stop Me?
(DBN)

Trump to investors: Vote for me or else!
(DBN)

Trump’s Mother of All Truth Bombs
(DBN)

Trump Ordered Dramatic Cuts To Expert Science Panels
(DBN)

Melania Trump is no Jackie O, but who would want to be?
(DBN)

Trump and 2020 hopefuls are singling out more American companies by name
(DBN)

____________


Economy:

The Fed is likely to drop ‘patient’ word next week, clearing way for July cut, economists say
(DBN)

Trump on Fed’s Powell: ‘I disagree with him entirely’
(DBN)

The Fed's Damning Indictment of Capitalism
(DBN)

Titanic Iceberg of Debt Could Sink Slowing Global Economy
(DBN)

A ‘shock to markets around the world’ could trigger next financial crisis, says Roubini
(DBN)

Tips for Spotting a U.S. Recession Before It Becomes Official
(DBN)

Industrial Production Increased 0.4% in May
(DBN)

The Economy is Not Aging Gracefully
(DBN)

Trump trade war: India announces tariffs on U.S. products Trump ‘perfectly happy’ to slap further tariffs on China if no deal is reached, Wilbur Ross says China Prepared for a Long Trade War with America Hollywood also feeling the bite from Trump's China trade war Huawei exec: Don't mix trade war and security U.S. blacklisting will cost Huawei $30 billion in revenue over 2 years: founder Huawei slashes revenue forecast amid continued US pressure US chipmakers are reportedly quietly lobbying to ease Huawei ban Huawei hammered: Chinese tech giant forecasts 40% drop in smartphone sales after US blacklisting nightmare If China Were An Enemy, It Wouldn't Be Improving Us So Much With Its Exports US and China should be mending their relationship. Instead, they're making things worse Republican lawmakers are closing in on a bill that would challenge Trump’s tariff powers Trump Tariffs Disrupts USMCA and Shale Wilbur Ross lowers expectations of trade deal coming from G-20 talks between Trump, Xi
(DBN)

Mexican tariff standoff theater of the absurd Tariffs won't solve a humanitarian crisis
(DBN)

Trump Keeps Boasting That the Rest of the World Pays for His Priorities
(DBN)

A Wall Street investment chief overseeing $26 billion breaks down why recession fears are overblown, even as the market clamors for Fed relief
(DBN)

Houston Leads US in Manufacturing Growth
(DBN)

The unemployment rate for former inmates is incredibly high. Kim Kardashian wants to change that.
(DBN)

Q2 GDP Forecasts: Around 2%
(DBN)

GDP isn't the only measure of progress. Ask New Zealand.
(DBN)

The world economy is falling back into its post-crisis funk
(DBN)

The coming antitrust fights are an existential battle over how to protect capitalism
(DBN)

UBS puts its chief economist on leave following outrage over 'Chinese pig' comment
(DBN)

Social Security's Crisis is Political
(DBN)

Not everyone is benefiting from record-low unemployment and a decade-long bull market
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Gig Economy:

Uber and Lyft are trying to make an end-run around unionization
(DBN)

____________

Real Estate:

9 mind-blowing facts about the millennial housing market
(DBN)

Mortgage rates are dropping — so why aren’t more people buying homes?
(DBN)

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

America's battle over housing is just getting started
(DBN)

Property values in my neighborhood are skyrocketing and friends tell me to 'just buy already,' but here's why I won't
(DBN)

Sacramento Housing in May: Sales Down 6% YoY, Active Inventory DOWN 8% YoY
(DBN)

California Bay Area Home Sales Decline 2% YoY in May, Inventory up 15% YoY
(DBN)

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Municipalities:

Puerto Rico’s oversight board strikes $35 billion restructuring deal with commonwealth’s bondholders Puerto Rico strikes $35bn debt restructuring deal Puerto Rico oversight board enters agreement to address debt claims Holders of Puerto Rico’s Valid Constitutional Debt Align with Fellow Creditors and the Oversight Board on Milestone Restructuring Agreement
(DBN)

Willkie, Others Seek $31.3 Million Fees for Puerto Rico Bond Redo
(DBN)

Democrats urge Puerto Rican government to reject debt deal for island's lone utility
(DBN)

____________

Oil/Gas:

Legacy Reserves Inc. Reaches Global Restructuring Agreement With RBL Lenders, Second Lien Lenders And Noteholder Group
(DBN)

A crude tug of war on the global oil market
(DBN)

US Spends 10 Times More on Oil Subsidies Than Education
(DBN)

____________

Pharma:

Opioid lawyers propose a global settlement team; Pa. attorney critical, says it's likely a ploy to boost their fees
(DBN)

Drugmakers sue to block rule requiring drug prices in TV ads
(DBN)

Bernie Sanders slams ‘polite f-u’ letters sent by generic drug companies as 'clearly illegal' and calls for an investigation
(DBN)

____________

Climate:

Arctic melt goes into overdrive
(DBN)

G-20 urges 'voluntary action' on marine plastic crisis but fails to agree on common approach
(DBN)

Hail Damage Claims Skyrocket in America
(DBN)

____________

Electricity:

Bankruptcy Court Denies FERC Jurisdiction over Power Purchase Agreements in PG&E Bankruptcy
(DBN)

Power producers to appeal bankruptcy court ruling on PG&E energy contracts
(DBN)

Russian Hackers Tried to Hit US Power Grid Trump accuses The New York Times of 'a virtual act of Treason' for publishing a story saying the US is ramping up cyberattacks on Russia Trump calls N.Y. Times report on U.S. cyber efforts against Russian power grid ‘treason’
(DBN)

Who's being left behind in America's wind-power boom
(DBN)

____________

Religion:

Leaping into the absurd, once again
(DBN)

____________

Aviation:

Boeing CEO admits 'mistake' with 737 Max ahead of Paris Air Show, as analysts note 'ominous dark cloud' hanging over the entire industry
(DBN)

Boeing CEO says the safe return of its 737 Max aircraft is ‘most important’
(DBN)

Boeing Wants to Cut Corners on Testing
(DBN)

American Airlines plans to use its execs as guinea pigs to convince people that the Boeing 737 Max won't crash again
(DBN)

Delta CEO says airline industry is 'traumatized' after Boeing 737 Max scandal
(DBN)

Federal judge orders American Airlines mechanics to stop disrupting flights
(DBN)

____________

Healthcare:

Dominos: 'American healthcare system has just, quite literally, ruined my future,' disabled student tweeted. Then she got a reprieve
(DBN)

'Deaths of despair' are taking more lives of millennial Americans than any other generation
(DBN)

23 'facts' you learned about healthy eating and nutrition as a kid that are no longer true
(DBN)

The US government is warning against "poop transplants" 
(DBN)

Menendez outlines legislation to stop surprise medical bills Surprise billing proposals don't address ambulances
(DBN)

Trump: New Healthcare Plan in Two Months
(DBN)


____________

Retailing:

Experts say these are the biggest mistakes retailers make when merging their store and online experience
(DBN)

Retail Sales increased 0.5% in May
(DBN)

Neiman Marcus May be Doomed
(DBN)

US landlords challenge Arcadia over Topshop closures Arcadia faces US legal action over Topshop closures
(DBN)

Outage knocks out some Target cash registers for second straight day
(DBN)

____________

Transit:

Bankrupt: Promising Durham-based solar-powered car-bike company
(DBN)

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Hotels:

Albany: Clifton Park hotel files for bankruptcy protection
(DBN)

____________

 


New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (31 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (4 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:

Behind Ephemeral Messaging's In-House Rise
(DBN)

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Finance:

The Rise of Protections in Credit Agreements and Indentures Against “Net Short” Strategies
(DBN)

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Autos:

It's been 100 years since we've seen anybody like Elon Musk — here's why that's so disorienting
(DBN)

VW Tennessee Workforce Rejects Union
(DBN)

____________

Food/Beverage:

Burger Kings in Vineland, Millville, Buena in financial trouble
(DBN)

How the Beyond Burger and the Impossible Burger actually compare when it comes to calories, sodium, and more
(DBN)

____________

Personal Finance:

An entrepreneur who interviewed 21 billionaires says the key difference between them and millionaires is how they answer a simple question about money
(DBN)

2 out of 3 people are not prepared for the next economic recession, according to a new study. Here's how you can get ready.
(DBN)

36 things you should never say to your boss
(DBN)

____________

Non-Profits:

Financial documents show the NRA is living 'paycheck to paycheck,' and ended 2018 $10.8 million in the red Inside the NRA's finances: Deepening debt, increased spending on legal fees - and cuts to gun training
(DBN)

____________

Travel:

TSA PreCheck vs. Global Entry vs. CLEAR: Cost and benefits of each
(DBN)

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Consumer Finance:

Trump Administration OK With Fleecing Military Service Members
(DBN)

____________

Taxis:

Is Uber Doomed?
(DBN)

____________

Fraud:

Fraud Law Circuit Splits Endure as Top Court Ruling Turns 3
(DBN)

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Cannabis:

That Didn’t Take Long: Ninth Circuit’s Decision in Garvin v. Cook Invs. NW is Challenged
(DBN)

____________

Crypto:

“CoinLab Is a Big Stopping Block”: Mark Karpeles Talks Mt. Gox Creditor Claims and Life After Trial
(DBN)

____________

Student Debt:

U.S. says $168 million ITT for-profit student loans to be forgiven
(DBN)

2020 race brings free college back to the national stage
(DBN)

Consumer Financial Protection Bureau Settles with Student CU Connect CUSO over ITT Private Loan Program
(DBN)

Disabled borrowers whose incomes were needlessly garnished to repay student loans will get $23,000 back
(DBN)

Treasury Dept. says student-debt crisis is so bad that financial education should be mandatory for college students
(DBN)

Elizabeth Warren to introduce bill canceling up to $50,000 in student debt for most borrowers
(DBN)

Where the 2020 candidates stand on student debt and college affordability
(DBN)

The Long Road To The Student Debt Crisis
(DBN)

____________

Maritime:

Sungdong Shipbuilding on verge of bankruptcy after failing to find eligible bidders
(DBN)

____________

Tech:

Apple CEO Tim Cook: Technology companies need to take responsibility for chaos they create
(DBN)

____________

Banking:

Deutsche Bank May Have to Create Bad Bank
(DBN)

____________

Agribusiness:

America Loves the Idea of Family Farms. That’s Unfortunate.
(DBN)

‘Everybody’s down in the dumps’: Illinois farmers give up on planting after floods — and throw a party
(DBN)

____________

UK:

The race to replace Theresa May is down to 6 candidates
(DBN)

Boris Johnson published a poem joking about the 'extermination' of the 'verminous' Scottish people
(DBN)

UK: Divided and Sinking into Brexit Gloom
(DBN)

Meghan Markle Warned About 'Massively Extravagant' Spending Ruining Image Among British Public
(DBN)

Trump says London Mayor Sadiq Khan is a 'disaster' but homicide rates in US cities are much higher
(DBN)

Nelson Peltz May Want To Flush Plumbing Company Out Of Brexit Britain
(DBN)

____________

PIIGS:

Five suitors present bids for troubled fashion house Cavalli
(DBN)

____________

MENA:

U.S. doubles down as more nations point fingers at Iran for oil tanker attacks Israel blames Iran's Revolutionary Guards for oil tanker attacks U.S. claims Iran shot down American drones prior to oil tanker attacks US Trying to Build International Consensus Around Tanker Attacks Iran-US Dispute Grows Over Tanker Attacks Intel Experts Question Iran Video Trump's consistent criticism of Iran pushes US to point of potential conflict Corbyn: No Credible Evidence It Was Iran Iran Renews Nuclear Pact Ultimatum An Iranian boat reportedly fired a missile at a US drone right before the tanker attack Pompeo says there is more evidence that Iran attacked tankers Iran may be playing on a key US weakness to flip the tanker mining crisis on its head and spike oil prices Japanese ship owner contradicts US account of how tanker was attacked The last time the US witnessed a 'Tanker War' in the Persian Gulf, it ended in tragedy US and Iran Have Played This Game Before Pompeo Vows Proof Iran Behind Attacks Iran says it will top nuclear deal's uranium stockpile limit in 10 days Tom Cotton Wants Military Strike on Iran Saudi crown prince accuses rival Iran of tanker attacks
(DBN)

Netanyahu inaugurates 'Trump Heights,' Israel's newest town on the Golan Heights
(DBN)

____________

China:

Hong Kong has been devoured by a 'sea of black' amid protests over extradition plans with China: How the intense blowback inspired a historic apology Hong Kong's leader apologizes as protesters demand resignation Hong Kong protesters return to streets; leader apologizes but doesn't withdraw extradition bill
(DBN)

____________

Switzerland:

Thousands of Swiss women walked out of their jobs to protest inequality
(DBN)

____________

India:

Decision on Jet Airways' course likely today
(DBN)

Death of the company not the goal of IBC
(DBN)

Battle for Claiming Secured Assets: Insolvency Code vs SARFAESI Act
(DBN)

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

____________

France:

Heavy toll for French farms and vineyards after brutal hailstorm
(DBN)

____________

Romania:

Association of Cities in Romania sends open letter to PM, warns about bankruptcy
(DBN)

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