June 19, 2019

The Daily Bankruptcy News

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Law:

Former Jones Day partner drops suit claiming ‘enforced code of silence’ led to pay bias • Gender Discrimination Lawsuit Against Jones Day Dropped — Well, One Of Them At Least
(DBN)

Jones Day Lawyer Alleging Sex Bias Renews Bid for Anonymity
(DBN)

Are Women Still Expected to be 'Lady-Like' at Work?
(DBN)

What Big Law's Saying About Trump's $300B China Tariffs Plan
(DBN)

Biglaw Partner Retires, Then Decides To Become A Law Clerk
(DBN)

Sklar Kirsh Adds Bankruptcy Practice
(DBN)

Value-Based Pricing Of Legal Services
(DBN)

Clients Are ‘Pushing’ for Inclusion—How to Show Up, Be Included
(DBN)

ABA Explains Fee Division With Client’s Prior Counsel
(DBN)

The Unseen Victims of Law’s #MeToo Problem: Legal Directories Researchers
(DBN)

Another Biglaw Firm Steps Up With Improved, Gender Neutral Parental Leave • Paul Hastings Expands Paid Parental Leave for U.S. Employees
(DBN)

Davis Polk Lawyer Goes from Pit Musician to Tony Winner
(DBN)

The Harvard Law School Alum Who Totally Disagreed With The Dred Scott Decision In Real Time
(DBN)

Some (Tentative) Good News For Alan Dershowitz… And Some More Bad News
(DBN)

White House launches last-ditch effort to block Hope Hicks testimony • White House says Hope Hicks 'immune' from compelled congressional testimony • Manafort's New Lawyer Claims Client Has Already 'Endured' Two Trials. Except - There Was No Second Trial • He Keeps Popping Up in the Russian Probes
(DBN)

State Department Identifies ’30 Security Incidents’ in Handling of Hillary Clinton’s Emails
(DBN)

Trump says US will begin deporting millions • Trump blindsides ICE with mass deportation announcement on eve of reelection rally • More suits ahead after Honduran immigrant’s $125K settlement for mistreatment in border detention • Mexican authorities probe reports of police shooting at U.S.-bound migrants • Cuomo Worried ICE Would Target Undocumented Immigrants with Driver’s Licenses, Signed ‘Green Light Bill’ Anyway • Americans: Mexico's Biggest Immigrants
(DBN)

Famous criminologist’s incorrect testimony about bloody towel leads to overturned convictions
(DBN)

So Many Mistakes, So Little Time
(DBN)

Trump still refuses to admit he was wrong about the Central Park 5 • Central Park Five Prosecutor 'Misconduct' (That When They See Us Didn't Really Cover)
(DBN)

Max Landis Accused of Abuse
(DBN)

Sandy Hook families say Alex Jones’ lawyers sent discovery materials with embedded child p--- • 'This Is Uncharted Territory': Judge Didn't Buy Alex Jones's Apology for Alleged Threat
(DBN)

NPR Identifies 4th Attacker In Civil Rights-Era Cold Case
(DBN)

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Judges:

Availability of a Bankruptcy Judgeship Position in the Middle District of Florida at Orlando
(DBN)

BK ND WV: Notice of Vacancy For the Position Of United States Bankruptcy Judge
(DBN)

BK SD FL: Courthouse Beacon Newsletter
(DBN)

Trump Judicial Nominee Who Implied Transgender ID Delusional Advances
(DBN)

Supreme Court Clerk Hiring Watch: The Return Of The Tiger Cub
(DBN)

Ninth Circuit Committee Issues Workplace Environment Report • Ninth Circuit Takes Stock After Post-Kozinski Listening Tour
(DBN)

'Order in the Court!' New Federal Clerk Hiring Plan Is Off to Busy Start
(DBN)

Thompson & Knight Partner Saw Bullets Hit the Building as Shooter Attacked Texas Courthouse
(DBN)

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Wall Street:

Dow futures pause as investors await Fed meeting • Stocks look set to drift up near records as investors await crucial Fed decision
(DBN)

Optimism over trade sends stocks higher
(DBN)

Returns Net of Fees for Private-Equity Funds of $10 Billion or More Have Been Roughly in Line with Public Markets
(DBN)

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Layoffs:

Kellogg cuts 150 salaried employees
(DBN)

ACTI: 107 layoffs
(DBN)

Boeing may see layoffs if another production rate cut happens, aviation consultant says
(DBN)

A robotic dish-scrubber for commercial kitchens
(DBN)

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Consumer Finance:

Fort Worth firm to pay back $39.7 million on payday loans that charged 375% interest
(DBN)

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Politics:

Trump announces acting Defense Secretary Patrick Shanahan will step down • Trump says Shanahan withdraws nomination to be defense secretary • Trump Admin Hid Shanahan’s Dark Past, Senators Say
(DBN)

Here’s the lineup for each night of the first Democratic debate
(DBN)

Elizabeth Warren: What to know about the 2020 candidate's child care proposal
(DBN)

Elizabeth Warren: What to know about the 2020 candidate's child care proposal
(DBN)

Are Elizabeth Warren and Bernie Sanders the same? The debate, explained.
(DBN)

The debasement of words has reached a zenith with the coming of America’s 45th president
(DBN)

Conservative Radio Host Has Doubts About Trump. His Audience Doesn’t Want to Hear It
(DBN)

Trump, outsider-turned-insider, sells self as rebel for 2020
(DBN)

Trump officially enters 2020 race still hung up on 2016 rival • 2 winners and 4 losers from Trump’s 2020 reelection campaign launch • Trump’s 2020 message: “Depraved” Democrats “want to destroy you” • Joe Biden and Bernie Sanders had 2 very different answers to Trump’s official 2020 campaign launch • Fact-checking Donald Trump's 2020 campaign kick-off in Florida • Trump Delivers a 'Bizarro World' Re-Election Speech
(DBN)

Billionaire Trump supporter says he rejected Biden’s request for fundraising help in 2020
(DBN)

Orlando Sentinel endorsement for president in 2020: Not Donald Trump
(DBN)

Four key points on divisive Trump's path to reelection
(DBN)

Biden: “First thing I would do as President is Eliminate the President’s Tax Cut.”
(DBN)

Joe Demma — Gov. Herbert’s ex-campaign manager — filed for bankruptcy the same day he helped launch a controversial PAC that would pay him $100k-plus
(DBN)

McConnell dismisses reparations: "No one currently alive was responsible"
(DBN)

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Personal Finance:

A recent survey found that a third of wedding party members go into debt for their friends' weddings
(DBN)

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Celebs:

Broke Without Chelsea! Handler's Former Sidekick Chuy Bravo Filed For Bankruptcy
(DBN)

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Non-Profits:

Here’s why Americans are giving less to charity
(DBN)

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Debt Collection:

Delicious irony: Hacked medical debt collector AMCA files for bankruptcy protection from debt collectors • AMCA Files for Bankruptcy Protection After Breach
(DBN)

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Event Facilities:

Tax-Haven Wedding Venues Become Retiree Investors' Nightmare
(DBN)

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Fraud:

Air Force landlord falsified records to boost income, documents show
(DBN)

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Climate:

Firms May Have to Disclose Climate Risks
(DBN)

Arctic Permafrost Melting 70 Years Early
(DBN)

Trump’s Climate Denial Is Helping to Put His Own Businesses Underwater
(DBN)

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Food/Beverage:

Woodbridge investment firm buys Amboy Group out of bankruptcy
(DBN)

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Mass Torts:

Repeated Misconduct by Plaintiffs' Counsel Led to $2B Roundup Verdict, Monsanto Says
(DBN)

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Economy:

Growth in Family Incomes Since the 1950s
(DBN)

The White House reportedly looked into demoting the Federal Reserve • Trump on demoting Fed Chair Jerome Powell, day before rate decision: ‘Let’s see what he does’chief
(DBN)

Fed finds itself in a ‘tough spot’ as 10-year Treasury yield slides to 21-month low
(DBN)

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

New York's ugly June manufacturing survey
(DBN)

Why Socialism Is Back
(DBN)

Trump tweets he'll have "extended meeting" with China's Xi at G20 • US likely to impose more tariffs on China if new trade deal isn't reached • Get Ready for Higher Prices • S&P 500 jumps to within 1% of record high as Trump tweets plan for ‘extended meeting’ with China’s President Xi • Trump's China tariffs could lead to a Bible tax • Huawei CEO downplays expected $30 billion revenue miss due to the Trump administration ban • China rolls out the red carpet for other countries as it ups tariffs on US goods • US-China Could be a Clash of Civilizations
(DBN)

Two companies petitioned for Trump’s solar tariffs—now they’re both out of business
(DBN)

Apple explores moving 15-30% of production capacity from China: Nikkei
(DBN)

Globalization Moves Past the US and Our Vision of World Order
(DBN)

Harley-Davidson to make small motorcycles in China
(DBN)

CNBC Millionaires' Poll: Critical Issues
(DBN)

Charitable giving declined in 2018 thanks in part to the GOP tax overhaul
(DBN)

Trump goes after ECB as euro drops against the dollar
(DBN)

Investors Haven’t Been This Bearish Since 2008 Financial Crisis
(DBN)

Alexandria Ocasio-Cortez hits back at Amazon's Twitter attack and accuses the company of relying on food stamps to 'make up for their low wages'
(DBN)

700,000 Open Tech Jobs Right Now
(DBN)

The cities where you can earn $100,000 and still feel broke
(DBN)

Why Universal Basic Income is a bad idea
(DBN)

Trump Promised to Eliminate the Deficit
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Fourth Circuit Overrules Witt v. United Cos. Lending Corp. (In re Witt)
(DBN)

Here's the salary you'll need if you want to afford a mortgage in 17 major US cities
(DBN)

Housing Starts at 1.269 Million Annual Rate in May • Comments on May Housing Starts • Housing starts decline in May, signaling a slowdown in production
(DBN)

Wages Needed to Rent a Home in Every State
(DBN)

Phoenix Real Estate in May: Sales up 4% YoY, Active Inventory up 3% YoY
(DBN)

Creditors try to force Live Well Financial into bankruptcy • Creditors: Live Well Financial under watch by FBI, SEC
(DBN)

Moody's: Increased competition for Fannie, Freddie would be a credit negative
(DBN)

Democrats, Republicans vote unanimously to pass flood insurance reforms
(DBN)

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Municipalities:

Puerto Rico board asks court for more time on members' appointments
(DBN)

Rico Electric Power Authority has until July 1 to file debt avoidance actions
(DBN)

Bernie Sanders hits McConnell for saying DC, Puerto Rico statehood is 'full-bore socialism'
(DBN)

Puerto Rico Reaches Deal Over $35B in Debt
(DBN)

Puerto Rico gov presents measure to set aside $1.4B for retirement funds
(DBN)

Trump sends nominations of current Puerto Rico fiscal board members to Senate
(DBN)

State employees charged with Flint water crimes could be back on the job next week
(DBN)

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Oil/Gas:

Legacy Reserves Inc. Files For Chapter 11 Protection To Facilitate Negotiated Financial Restructuring • First Day Dec
(DBN)

The persistence of fossil fuel subsidies
(DBN)

The global transition to clean energy, explained in 12 charts
(DBN)

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Healthcare:

A quarter of U.S. diabetics ration insulin
(DBN)

Generation Z's suicide epidemic
(DBN)

Language used in social media posts can predict health problems
(DBN)

Universal coverage may not mean everyone has health insurance
(DBN)

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Trucking:

Truckers are warning of a 'bloodbath' as trucking companies go bankrupt or slash their profit expectations
(DBN)

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Agribusiness:

College loan forgiveness sought for young farmers
(DBN)

Corn plantings reach 40-year low as record flooding crushes farmers
(DBN)

Midwest's Intense, Crop Killing Future
(DBN)

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Crypto:

U.S. regulator accuses head of defunct British bitcoin company of $147 million fraud
(DBN)

____________

Skiing:

Hermitage Club members allowed to intervene in bankruptcy
(DBN)

____________

Education:

Few Students of Defunct For-Profit Chains Have Transferred
(DBN)

Legal settlement relieves former ITT students of loan debt
(DBN)

Is College Worth the Cost?
(DBN)

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Conglomerates:

GE is unlikely to become insolvent, admits long-time bear
(DBN)

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Entertainment:

Weinstein Company's settlement to victims stumbles at final hurdle
(DBN)

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Electricity:

PG&E settles California fire claims with local governments for $1 billion • PG&E Reaches $1 Billion Wildfire Settlement With Local Agencies • PG&E agrees to pay $1B to California towns hit by wildfires • Sonoma County, Santa Rosa part of $415 million pact with PG&E over wildfire claims
(DBN)

Bankruptcy Court Asserts Sole Authority Over PG&E Power Contracts
(DBN)

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Retailing:

Shut Out by Shoe Giants, ‘Mom and Pop’ Stores Feel Pinched
(DBN)

Steinhoff books $1.4B loss after delayed results • Scandal-hit Steinhoff says will suffer more in 2019
(DBN)

____________

Tech:

Senator proposes bill that would blow up business models for Facebook and other tech giants
(DBN)

What insider buying at tech companies says about stocks and the economy
(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 (27 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (5 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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Bankruptcy Statistics:

U.S. Bankruptcy Appellate Panels—Cases Filed, Terminated, and Pending • By Chapter
(DBN)

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Derivative Claims:

Delaware Court Precludes Creditors of Limited Partnership From Pursuing Derivative Claims
(DBN)

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Cross-Border:

Schemes of Arrangement: Irish court-sanctioned $1.65bn cross border restructuring recognized by US Bankruptcy Court
(DBN)

New York District Court Rules That Chapter 15 Recognition Is Not Prerequisite to Enforcement of Foreign Bankruptcy Judgment Under Principles of Comity
(DBN)

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Distressed Investing:

Debt Default Activism: After Windstream, the Winds of Change
(DBN)

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Make-Whole:

Recent Developments in the Enforceability of Make-Whole Premiums in the Second Circuit
(DBN)

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Litigation:

Forced Disclosure of Litigation Financing Agreements a Lost Cause
(DBN)

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Unsecured Attorney's Fees:

Fourth Circuit Bolsters Claims for Postpetition Attorney's Fees Incurred by Unsecured or Undersecured Creditors
(DBN)

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Miscellaneous:

Restructuring Litigation Update: June 2019
(DBN)

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Interest:

On Remand, Momentive Bankruptcy Court Rules That Cramdown Notes Should Bear "Process Efficient" Market Interest Rate
(DBN)

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Avoidance Actions:

Second Circuit Rules that Bankruptcy Code’s Fraudulent Transfer Recovery Provisions Can Reach Foreign Transferees
(DBN)

Tribune District Court Rules That LBO Payments May Not Be Avoided Because Debtor Was "Customer" of "Financial Institution"
(DBN)

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Arbitration:

To Arbitrate or Not to Arbitrate, That is the Question: Enforcing Arbitration Clauses in Bankruptcy
(DBN)

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Mediation:

Studies on Rejection v. Choice Decisions: Implications for Mediators?
(DBN)

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IP:

Supreme Court Holds That Trademark Licensor’s Rejection Does Not Rescind or Terminate License
(DBN)

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Autos:

Leaked documents suggest Tesla has not met a Model 3 production goal set by Elon Musk in recent weeks
(DBN)

A Tesla driver was caught sleeping for more than 30 miles on one of California's busiest freeways
(DBN)

Former Montrose auto dealer files for bankruptcy
(DBN)

AZ Dealer: Trades Not Paid Off or Titles Given
(DBN)

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Coal:

US met coal miner Cambrian files for bankruptcy
(DBN)

The Cloud Peak Bankruptcy Shifts As It Approaches Important Dates
(DBN)

Trump EPA close to gutting Obama rule on coal power plants
(DBN)

Trump Wants New Life for Old Coal Plants
(DBN)

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Pharma:

Opioid Settlements: Why Insys Is the Tip of the Iceberg
(DBN)

Oklahoma's Governor and 9 Cities Raise Red Flags Over Opioid Settlement
(DBN)

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UK:

UK's problem debtors to get 60-day 'breathing space'
(DBN)

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

UK: Better to Break UK Than Stop Brexit
(DBN)

Monsoon CVA faces landlord scrutiny
(DBN)

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EU:

Donald Trump Has a Point About Mario Draghi and the Euro
(DBN)

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PIIGS:

Draghi easing talk will make it easier for Italy to borrow- Italy debt chief
(DBN)

Family poverty rate in Italy hits record high last year
(DBN)

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MENA:

Bankruptcy and Insolvency Law to boost investments in Oman • New bankruptcy law to protect all
(DBN)

Palestinian finances near collapse as cuts deepen - monetary chief
(DBN)

Trump calls alleged Iranian oil tanker attacks "very minor" • EU Fights to Keep Iran Nuclear Pact Alive • What Trump Can Learn From Reagan About War With Iran
(DBN)

Evidence suggests Saudi crown prince is liable for Khashoggi murder: UN expert
(DBN)

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India:

SBI-led lenders file for Jet Airways' bankruptcy; hearing from Wednesday • Naresh Goyal 'sad', 'deeply distressed' ahead of Jet Airways bankruptcy hearing • With No Buyer In Sight, Jet Airways Lands In Bankruptcy Court • With Jet headed for the bankruptcy court, employees forced to make their own way • SBI-led consortium picks Grant Thornton as RP for Jet Airways • Jet pilots, engineers, Dutch vendors want to be parties to bankruptcy case • With Jet Airways stranded, banks mull steeper provisions
(DBN)

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Venezuela:

President Maduro 'no longer feels safe' and is looking for a safe exit
(DBN)

Venezuela’s misery doesn’t even spare the dead
(DBN)

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Brazil:

Brazil judge grants Odebrecht bankruptcy protection, Alvarez named administrator • Sao Paulo court accepts Odebrecht recovery procedure; debts amount to US$ 22.3bn
(DBN)

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China:

As China cuts support for its electric carmakers, auto firms could face a ‘war of attrition’
(DBN)

Xi Gives Kim Jong-un His Full Support
(DBN)

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Iceland:

Iceland Readies for ‘Deeper Recession’ Amid Tourism Concerns
(DBN)

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