June 18, 2019

The Daily Bankruptcy News

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Law:

Where In The World Are… Your Summer Bonuses?
(DBN)

Are Firms Radically Cutting Back On Summer Programs?
(DBN)

Former Jones Day Partner Drops Gender Discrimination Suit Against Firm • Jones Day Ex-Partner Settles Suit Over ‘Fraternity’ Culture
(DBN)

The 10 Law Schools With The Best Job Prospects
(DBN)

ABI Executive Director Sam Gerdano to Retire
(DBN)

MassMutual-Drinker Biddle Project Saves Over 12% Per Matter
(DBN)

Big Law Touts Arbitration In Winston & Strawn's SCOTUS Case Against Ex-Partner
(DBN)

Law Firms Tackle Mental Health, 1 Initiative at a Time
(DBN)

Diversity, Wellbeing Initiatives Constantly Evolving at Paul Hastings
(DBN)

Law School To Face Lawsuit Over Alleged Racial Bias In Tenure Decision
(DBN)

What The Alabama Returned Gift Episode Can Teach Us About Donor Relations
(DBN)

Technology Allows Law School Students To Work On A Deal Before Joining Biglaw
(DBN)

Constitutional Law For Dummies: Trump Explains Article II
(DBN)

Shearman Threatened With Ethics Referral In SunEdison MDL
(DBN)

President Trump is suddenly using the word 'treason' a lot • Trump: I didn't fire Mueller since firings 'didn't work out too well' for Nixon • Manafort won't go to Rikers Island after DOJ intervention: NYT • Directed by Judge, Flynn's New Lawyers Make Their Appearances • Trump accidentally undercuts his own “deep state” FBI conspiracy theory  • Dems investigating Trump have a new tactic to break his blockade
(DBN)

Ex-FBI Agent Who Investigated Former GOP Governor Indicted on Seven Felony Charges
(DBN)

Democrats call for special counsel probe into Jared Kushner’s ‘prohibited campaign fundraising activities’
(DBN)

Man Runs Into Riverside Church And Allegedly Says He’s Going To Shoot Everybody
(DBN)

Cities Like Atlanta and Salt Lake Are Saying No to State Abortion Laws
(DBN)

Trump: ICE will begin removing millions of undocumented migrants soon • Trump: We Start Deporting Millions Next Week • Trump administration ends foreign aid for Guatemala, Honduras, El Salvador • US restores some aid but vows no more without migrant action • NY passes bill giving undocumented migrants right to driver's licenses
(DBN)

Police turn to private doorbell cameras to help catch criminals
(DBN)

Supreme Court reaffirms precedent that allows state and federal prosecutions for the same offense • Supreme Court refuses to change double jeopardy rule in case with implications for federal pardons
(DBN)

Slim Majority in U.S. Favors New LGBT Civil Rights Laws • Supreme Court remands case of Oregon bakers who refused to make same-sex wedding cake • LGBT Cake Controversy Won’t Go to High Court
(DBN)

Adoption centers: the latest battleground for religious freedom
(DBN)

Bill Cosby says he is still 'America's Dad' in Father Day's tweet
(DBN)

Phoenix man feared family was about to be 'executed' by police over stolen doll • Phoenix police chief responds after cops pull gun, threaten parents of alleged 4-year-old shoplifter
(DBN)

Harvard pulls Parkland grad’s admission over racist comments • Kashuv-Harvard Controversy, Explained
(DBN)

Kavanaugh decision rejects First Amendment claim against public access channel
(DBN)

Parole and probation sends hundreds of thousands of people back to prison
(DBN)

Most Americans say the legacy of slavery still affects black people in the U.S. today
(DBN)

Cleveland Is Paying $225,000 to a Man Who Burned the American Flag
(DBN)

Alex Jones Sent Child P--- to Victim's Lawyers • Defense Lawyer Responds to Allegation
(DBN)

Now That OJ Simpson Is on Twitter, His Lawyer Seems Hell-Bent on Trolling Kim Goldman
(DBN)

Lawyer who pleaded guilty in ‘wrecking ball’ scheme gets prison sentence
(DBN)

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Judges:

New Judge Appointed to Delaware Bankruptcy Court - Judge Karen B. Owens • Ashby & Geddes Member to Serve as Del. Bankruptcy Judge
(DBN)

New Judge Appointed to Delaware Bankruptcy Court - Judge John T. Dorsey
(DBN)

BK MD FL: The Retirement of the Honorable Paul M. Glenn, United States Bankruptcy Judge
(DBN)

BK WD WA: Vacancy Announcement: Term Law Clerk
(DBN)

BK MA Seeks Temporary Law Clerk
(DBN)

Bankruptcy Court clerk charged with having gun in courthouse
(DBN)

Mitch McConnell Insists He'd Confirm Supreme Court Nominee in Election Year
(DBN)

Justices Gorsuch and Thomas Side with Liberals in Virginia Gerrymandering Case
(DBN)

Justice Thomas urges U.S. Supreme Court to feel free to reverse precedents • Justice Thomas: Let's Reverse Precedents • Thomas urges Supreme Court to reverse 'demonstrably erroneous decisions' • Clarence Thomas Agrees with Majority, Then Questions Role of Stare Decisis for 17 Pages
(DBN)

Ruth Bader Ginsburg Attends Broadway Show About The Constitution, Gets Standing Ovation
(DBN)

Cakes, gerrymandering, Ginsburg and Thomas: Takeaways from a busy day at the Supreme Court
(DBN)

'It's a Mess': Chief Judge Describes Fallout From Dallas Courthouse Shooting • Shooter Targets Dallas Federal Courthouse • Gunman dead after shootout with police outside Dallas court building • Officers kill gunman firing on Dallas federal courthouse; news photographer snaps photos as bullets fly • Background on the Dallas Gunman
(DBN)

Appeals court applicant who lifted confirmation hearing quotes from Gorsuch withdraws application
(DBN)

Judge’s cases under review after relatives cite severe alcoholism in guardianship petition
(DBN)

Judge Dies After Having Heart Attack While On The Bench
(DBN)

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Wall Street:

Dow futures slightly lower ahead of Federal Reserve meeting
(DBN)

Stocks close higher as social media, real estate shares lead
(DBN)

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Layoffs:

Deutsche Bank plans to pare US equities business to skeleton operation: Reuters
(DBN)

AT&T Fires Another 1,800 Workers
(DBN)

Student loan guarantor to lay off 185
(DBN)

Walmart laying off nearly 600 employees in Charlotte
(DBN)

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Politics:

Elizabeth Warren Is Completely Serious • Elizabeth Warren's Jobs Plans and U.S. Public Opinion • Liberal Wonks, or at Least Elizabeth Warren, Have a Plan for That
(DBN)

CBS News poll shows Biden leading Democrats • Biden defends working with Republicans to achieve consensus
(DBN)

The many 2020 polls are telling a pretty clear story
(DBN)

Chart: America is Moving Left Again
(DBN)

The 78 wildest lines in Donald Trump's epic ABC interview • Following Trump Comments, Federal Election Commission Chair Clarifies Law on Foreign Contributions to Election Campaigns: "I Would Not Have Thought I Needed To Sat This" • Trump’s interview with George Stephanopoulos, explained
(DBN)

Trump used Alexandria Ocasio-Cortez's words to defend himself. She responded by saying she'd call his 'bluff' on impeachment.
(DBN)

Why Trump Offers Every Possible Answer
(DBN)

The Mercers Have Bailed on Trump
(DBN)

Poll of Polls: President Trump Job Approval
(DBN)

Supreme Court dismisses challenge to findings of racial gerrymandering in Virginia districts • Opinion analysis: Court throws out legislators’ appeal in racial-gerrymandering case • Supreme Court preserves favorable legislative map for Virginia Democrats
(DBN)

Trump said no other US president has been treated worse than him, even Abraham Lincoln
(DBN)

Poll: Democrat-Leaning Voters Worry Female Candidates Can't Beat Trump
(DBN)

What do Midwest working-class voters want and need?
(DBN)

US officials are reportedly keeping Trump in the dark about a cyber operation against Russia because they're afraid he'll leak it to foreign officials
(DBN)

Rep. Duncan Hunter’s defense could be a ‘loser,’ legal experts say
(DBN)

____________

Student Debt:

Why Are 99% Of The Applications For Debt Discharge Under The Public Service Loan Forgiveness Program Being Denied, And Will This Change?
(DBN)

Nearly 50% of Top MBA Grads Owe Six-Figure Debt
(DBN)

Promoting the Purposes of Student Loans by Tempering Bankruptcy Nondischargeability
(DBN)

____________

Crypto:

Why bitcoin hasn’t gone to zero and is now knocking on the door of $10,000
(DBN)

____________


Economy:

Empire State manufacturing index posts largest-ever drop into negative territory in June • New York Fed factory gauge drops by record to two-year low • Manufacturing takes a sharp turn for the worse
(DBN)

Industrial Production Increased Slightly in May
(DBN)

Tariff Turmoil Slam US Manufacturers
(DBN)

Risks of global recession grow as Trump and Xi refuse to blink, Roubini says
(DBN)

FOMC Preview
(DBN)

New York Fed Staff Nowcast stands at 1.4% for 2019:Q2 and 1.7% for 2019:Q3 • Fed GDPNow latest forecast: 2.1 percent
(DBN)

Not All Budget Deficits Are Created Equal
(DBN)

How the trade war, stock market and economy may press Fed • June 2019 Fed Rate Cut Probability & Analysis
(DBN)

Consumers Predict Fed Rate Cut By September
(DBN)

America's Real Economy: It Isn't Booming
(DBN)

These Asian economies may be most badly hit by slowing global trade
(DBN)

Why long periods of the U.S. going without recession may be bad for the economy
(DBN)

The U.S. Recovery Turns Ten
(DBN)

47 million Americans feel their financial situation is worse now than during Great Recession
(DBN)

Worker confidence in finding a new job has hit a six-year high, but it might be a ‘turning point’
(DBN)

Corporate Tax Receipts Continue Their Slide
(DBN)

Unemployment is uneven across U.S. counties
(DBN)

‘Bleak’ market signs for global economy, warns ECB hopeful
(DBN)

300 heads of US industry are in Washington to say Trump's new China tariffs could doom the US economy • From robot vacuums to baby gates, U.S. companies say they need China • Companies in furious bid to prevent new China tariffs as summit looms • Market Not Prepared For More China Tariffs • China may avoid the worst of Trump’s tariff wrath, but Fitch has still cut its global economic outlook • New China Tariffs Likely to Hit US Consumers • Trump’s Backdown on Punishing Mexico: Trade War Peak? • Products that could get pricier if China tariffs kick in • President Trump's Trade War Leaves South Dakota in Peril • Mexican President says Mexico could win trade war with the United States • How Trump's 'beautiful' tariffs are casting a shadow over trade policy • The Trade War Is Taking Money From Your Wallet, and Returning Some, Too • China’s job market faces new pressure as trade war with US drags on
(DBN)

The CFO Global Business Outlook Survey
(DBN)

Deepening trade war makes a 2020 recession more than likely
(DBN)

This map shows the most commonly spoken language in every US state, excluding English and Spanish
(DBN)

Married women more at risk in retirement than singles
(DBN)

Global population growth will begin to plateau by the end of the century
(DBN)

Where America’s Renters Want to Move Next
(DBN)

Democratic candidates address issues to decrease wealth gap between black and white Americans
(DBN)

Trump Drives Down Price Of F-35 Fighter 25% From Obama Level
(DBN)

The U.S. minimum wage sets a record -- for not rising
(DBN)

Where Do Undocumented Immigrants Live in the U.S.? • Key findings about U.S. immigrants • Why does the economic assimilation of immigrants seem to be slowing?
(DBN)

Only US Has No Paid Vacations
(DBN)

Companies Are on a Debt Diet
(DBN)

Millennials who live with mom and dad will need $10,000 to move out
(DBN)

A city's residents got free money -- here's what happened
(DBN)

2020 U.S. High Yield Default Rate Forecasted at 2%
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Home builder sentiment slides as old worries plague construction industry • NAHB: "Builder Confidence Solid in June Amidst Growing Economic Uncertainty"
(DBN)

USA Today blasts reverse mortgages, industry fights back
(DBN)

Fannie Mae downgrades economic forecast citing "ratcheting up of trade tensions"
(DBN)

Amid fraud case, a bevy of Brooklyn properties end up in bankruptcy court
(DBN)

Owners of Fones Cliffs Seek Chapter Eleven Bankruptcy Protection
(DBN)

Live Well Creditors Act to Force Company Into Bankruptcy
(DBN)

5 signs that home prices could be rolling over again
(DBN)

Home flipping rate hits 9-year high — and that could foretell troubles in the housing market
(DBN)

How many years it takes to save for a 20% down payment on a home in 12 major US cities
(DBN)

CAR on California: "Lower interest rates perk up May home sales"
(DBN)

____________

Municipalities:

Puerto Rico's debt gets a big haircut
(DBN)

Puerto Rico Unveils $35 Billion Restructuring Plan to Exit Bankruptcy
(DBN)

Puerto Rico strikes $35bn debt restructuring deal
(DBN)

Puerto Rico fiscal board reaches agreement to restructure nearly half of island’s debt
(DBN)

Puerto Rico oversight board defends plan as way out of bankruptcy • Executive director of Puerto Rico’s Oversight Board defends proposed restructuring deal
(DBN)

Muni Lowdown
(DBN)

____________

Oil/Gas:

Legacy Reserves to File Chapter 11; Wells Fargo to Lead $100MM DIP Financing
(DBN)

Curacao refinery nears financial collapse on lack of PDVSA crude: official
(DBN)

Oil Short-Selling Surges
(DBN)

____________

Pharma:

Insys Hit With Nationwide Opioid Class Claim In Ch. 11
(DBN)

____________

Healthcare:

From paramedics to firefighters and surgeons, here's what the average American makes in 19 life-saving jobs
(DBN)

Trump’s new health care plan, health reimbursement accounts, explained
(DBN)

____________

Climate:

Investors say many companies are hiding climate impact
(DBN)

Wet, stormy forecast ahead from Plains to Northeast
(DBN)

What the Commercial Real Estate Industry Needs to Know about Climate Change
(DBN)

Going 'Zero Carbon' Is All The Rage. But Will It Slow Climate Change?
(DBN)

Higher temperatures can lead to more violent crime, especially in poorer neighborhoods
(DBN)

____________

Telecom:

Frontier Creditors Prod Telecom to Overhaul Its Debt
(DBN)

____________

Religion:

Deadline arrives for clergy abuse claims in New Mexico
(DBN)

____________

Pensions:

High Court Grounds Delta Pilots' Pension Appeal
(DBN)

____________

Symphonies:

The Baltimore Symphony, Seeking Cuts, Locks Out Its Musicians
(DBN)

____________

Education:

How elite colleges fail half of the poor students they admit
(DBN)

____________

Autos:

GM CEO Mary Barra on the painful jobs transition
(DBN)

Elon Musk Continues Bizarre Twitter Use
(DBN)

Bankrupt billionaire's 'Lamborghini' destroyed in fire
(DBN)

John DeLorean's Spectacular Fall from Grace
(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 (20 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (8 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:

BK MN: Updated Case Filing Statistics
(DBN)

Weekly Bankruptcy Claims Trading Activity
(DBN)

Report : Debtor Audits by the United States Trustee Program Fiscal Year 2018
(DBN)

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Bankruptcy Rules:

There are new procedures governing admission to practice before the United States Bankruptcy Court for the Southern District of New York.
(DBN)

____________

Prepacks:

The “Super Speedy Prepack” Has Arrived... Is That a Big Deal?
(DBN)

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Awards:

IWIRC Announces 2019 Founders Awards Winners
(DBN)

____________

Discharge:

Supreme Court Decides Civil Contempt Standard for Violations of Discharge Orders
(DBN)

____________

Corporate Governance:

Calling the Cavalry: Special Purpose Directors in Times of Boardroom Stress
(DBN)

____________

Bankruptcy Reform:

What’s Wrong with Chapter 11?
(DBN)

House Judiciary Committee to Hold Hearing Next Wednesday Examining SBRA, HAVEN Act, Chapter 12, Student Debt and More
(DBN)

New Bipartisan Legislation to Help Small Businesses Restructure Debt
(DBN)

____________

Fraud:

This father paid $400,000 to get his child into Georgetown, but his son said he didn’t know — should he have been expelled?
(DBN)

____________

Retailing:

Francesca's chairman to step down as shares sink
(DBN)

US landlords say Topshop owner is freezing them out amid bankruptcy
(DBN)

May retail sales rebound
(DBN)

How distressed retailers stacked up in Q1 2019
(DBN)

Lord & Taylor chief is out
(DBN)

Amazon condemns Alexandria Ocasio-Cortez for 'starvation wages' comment
(DBN)

Americans now spend more at online stores than restaurants
(DBN)

Tariffs aren’t only way to solve problems with China, NRF’s David French says
(DBN)

____________

Aviation:

'Pilots were not to blame for 737 crash'
(DBN)

7 in 10 people would fly in a plane with no pilot, survey says
(DBN)

Boeing records zero new plane orders as Paris Air Show starts slow
(DBN)

A Coachella Valley helicopter touring company went bankrupt. It could owe $28 million.
(DBN)

Delta pilots' fight with PBGC ends at Supreme Court
(DBN)

____________

Accounting:

SEC fines KPMG $50 million for cheating, calls misconduct "astonishing" • KPMG To Pay $50 Million Fine For Using Data Stolen From Watchdog
(DBN)

____________

Healthcare:

Trump vows 'phenomenal' new health care plan
(DBN)

____________

Media:

F+W Media Reveals Winning Bidders at Bankruptcy Auction
(DBN)

____________

Debt Collection:

Debt Collector Goes Bankrupt After Quest Customer Data Hack
(DBN)

____________

Agribusiness:

Rain leaves veggie farmers struggling with no aid in sight
(DBN)

____________

Cannabis:

Ninth Circuit Interprets Section 1129(a)(3) of the Bankruptcy Code, Affirming the Plan of Reorganization for a Lessor of Property Used to Grow Marijuana
(DBN)

____________

Sovereigns:

Emerging countries issue a flood of new bonds
(DBN)

____________

UK:

Interserve chairman heads for exit in wake of lender deal
(DBN)

Where Financial Carnage Comes as Part of the Contract
(DBN)

UK PM hopeful Boris Johnson bashes Scots in bizarre 2005 tirade
(DBN)

New Patisserie Valerie owners put butter back in cakes
(DBN)

Kier to cut 1,200 jobs as it seeks to cut costs
(DBN)

____________

EU:

New EU restructuring directive
(DBN)

Euro falls sharply as ECB’s Draghi clears path for more stimulus
(DBN)

____________

MENA:

Without new talks, U.S.–Iran tensions continue to escalate • Pompeo to meet U.S. commanders amid growing crisis with Iran • Iran Has Options and Is Starting to Use Them • Pentagon releases additional photos alleging Iran behind oil tanker attacks • Pentagon: OK, These Photos Prove Iran Did It • Trump Prepares to Bypass Congress on Iran • State: Iran Should Stay with Treaty We Quit • 9 questions about the US-Iran standoff you were too embarrassed to ask • US Sending 1,000 More Troops to Middle East
(DBN)

How Afghanistan Commercial Bank Went Bankrupt?
(DBN)

With economy on the brink, Pakistan grapples to secure lifelines
(DBN)

____________

India:

Jet Airways lenders plan insolvency proceedings • Over and out for Jet Airways as lenders start bankruptcy proceedings • Lenders may do well to let Jet Airways ‘Rest in Peace’ • Overhang of probes to cast a shadow over Jet’s insolvency case • Lenders seek Jet Airways bankruptcy in last-ditch sale effort • Jet Airways crashes 53% after landing in bankruptcy court • Banks Finally Take Jet Airways to Bankruptcy Court, But It May be Too Late to Save the Airline or Money • India’s oldest private carrier is headed for the bankruptcy court as nobody wants to buy it
(DBN)

Government mulling a three-tiered debt resolution system for individual bankruptcy
(DBN)

Beware! Exotic funds are a $40 billion time bomb
(DBN)

____________

Brazil:

Brazil's Odebrecht files for bankruptcy after years of corruption probes • Brazil's largest private company, Odebrecht, files for bankruptcy; US$ 20bn in debts • Odebrecht Files for Bankruptcy: Biggest Judicial Recovery Case in Brazil's History
(DBN)

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Mexico:

Moody's flags risks to Mexican economy, criticizes policymaking
(DBN)

____________

Japan:

Lowest Number of Working Age People
(DBN)

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