June 20, 2019

The Daily Bankruptcy News

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Law:

Greenspoon Marder settles bias suit of former partner who’s Korean-American
(DBN)

Big Law Rarity Kim Koopersmith Sees More Women Leaders Emerging
(DBN)

A Summer Associate Got Fired… Is There Still Hope?
(DBN)

Wife Charged With Murder in Burr & Forman Partner's 2018 Slaying
(DBN)

The Legal Profession Is Seriously Lacking In Civility
(DBN)

Law Firm Sites Talk About Alternative Fees, But Use Appears Thin
(DBN)

A Breakdown Of California Bar Exam Results By Law School (February 2019)
(DBN)

Milbank Makes Big Move to No. 25 in Vault Prestige Rankings
(DBN)

Mindfulness training helped 1Ls reduce stress and improve well-being, study finds
(DBN)

Lawyers at Global Law Firms Questioning Hong Kong's Stability
(DBN)

White House bars former Trump aide from answering questions about her work in administration • Trump bemoans Democrats putting "wonderful Hope Hicks through Hell" • Democrats Livid at Hope Hicks • Congress: What Happens if You Don't Testify? • Trump appeals court ruling clearing way for release of his banking records • FBI Warned Manafort File Might be Fake
(DBN)

A Foreigner Paid $200,000 for Tickets to Trump’s Inaugural. Now He Says He Was Duped
(DBN)

Hillary's 23 Violations at State Dept.
(DBN)

Census citizenship question merits more consideration in light of new evidence, judge says
(DBN)

New Details in Cohen-Falwell Racy Photos
(DBN)

Senate committee overwhelmingly approves $4.6 billion in emergency border spending • The US and Mexico have a new agreement to deal with the wave of migrants at the border — here's what it means, and how it could make things worse • Canada accepts more refugees than the U.S. for first time since 1980 • ‘These People Aren’t Coming From Norway’: Refugees in a Minnesota City Face a Backlash • Trump vows to deport 'millions' of illegals, but it's unclear how • ICE Director: We'll Remove Migrant Families
(DBN)

No $300/Hour Payday for Prosecutors in Felony Cases Against Texas AG Ken Paxton
(DBN)

Trump Declares the Exonerated Kids Guilty
(DBN)

Syrian refugee arrested on terrorism charges after allegedly planning attack on Christian church
(DBN)

Kevin Spacey accuser's phone, sought by defense, is missing
(DBN)

Lawyer bitten by shark endures the inevitable jokes • Blood In The Water: Personal Injury Attorney Survives Shark Bite
(DBN)

Lawyers accused of misconduct for offensive, inappropriate emails about colleagues, minorities
(DBN)

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Judges:

Trump's love affair with the Supreme Court could soon come to an ugly end over Congress's investigations
(DBN)

The recent Republican blowback to Trump judicial nominees, explained
(DBN)

Trump Judicial Pick Fiercely Opposed by LGBT Community Confirmed • Senate confirms Trump judicial nominee who called homosexuality 'disordered'
(DBN)

A Wild Ride of a Term with Twenty Decisions Still to Go
(DBN)

Dallas Courthouse Gunman's Facebook Page Said It All
(DBN)

Judge Judy Is Still Judging You
(DBN)

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Wall Street:

Dow futures jump 200 points after Fed hints at rate cut, Amazon and Netflix lead gains
(DBN)

Stocks close higher, adding to big June gains, after Fed hints a rate cut could be near
(DBN)

Here’s what the stock market liked from the Fed
(DBN)

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Layoffs:

Women Are on the Firing Line as Automation Claims More Jobs
(DBN)

Disney Fox Layoffs Continue
(DBN)

Walmart will lay off around 600 corporate employees starting in September
(DBN)

350 laid off in Dublin, Ga.
(DBN)

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Politics:

Warren emerges as potential compromise nominee • Elizabeth Warren and the double standards for female leaders • Sanders blasts ‘corporate’ Democrats as Warren pulls ahead of him in poll
(DBN)

Biden to wealthy donors: "No one's standard of living will change" • Joe Biden’s controversial comments about segregationists and wealthy donors, explained
(DBN)

Biden's debate emergency • Biden snaps back at Booker over race remarks backlash • Biden Rejects Calls to Apologize for Praise of Segregationist • Biden can't take us back to normal
(DBN)

Barack Obama 'Concerned' About U.S., Will Be Involved in 2020: Ex-Adviser
(DBN)

Lindsey Graham Goes Hard Against Trump Support of Saudi Arabia
(DBN)

Trump raised nearly $25 million as he kicked off 2020 reelection, RNC chief says • Trump raised over $1 million per hour on the day of his reelection-campaign kickoff, blowing Democrats' fundraising out of the water
(DBN)

Where President Trump stands on the issues in 2020
(DBN)

Trump Supporters: Three Terms Needed
(DBN)

The Popular Vote: Democrats' nightmare scenario
(DBN)

At rally, Trump lied a lot about the economy; here's what's worrying him • Trump's spiritual adviser tells supporters at Florida rally that 'demonic networks' are working to bring down the president • Trump's spiritual adviser is a controversial Florida televangelist who preaches that God will reward believers with material wealth • 5 takeaways from Trump's 2020 campaign launch speech
(DBN)

Why doesn't President Trump like Fox News polls? Because they have integrity
(DBN)

States that voted for Trump depend the most on ‘big government’
(DBN)

Trump says he will 'most likely' nominate his Army secretary to run the Pentagon
(DBN)

House panel holds hearing on reparations for slavery • Ta-Nehisi Coates ripped into Mitch McConnell during congressional testimony where he made the case for reparations for the descendants of slaves • Ta-Nehisi Coates gives Mitch McConnell a thorough history lesson on reparations • The 2020 Democratic primary debate over reparations, explained • The Case for Reparations • Everyone Wants to Talk About Reparations. But for How Long? • Danny Glover Calls for Reparations in House • There Is No Middle Ground on Reparations
(DBN)

Trump Jr. mocked Biden for promising to cure cancer, then President Trump took the stage and promised to cure cancer
(DBN)

Trump admin. walks back plan to cut Forest Service program, slash 1,110 jobs
(DBN)

63% of Americans worry about foreign meddling in 2020
(DBN)

Kamala Harris wants to give every unemployed worker $8,000 for job training
(DBN)

Here's who has nuclear weapons, and how many they have
(DBN)

____________

Healthcare:

LifeCare lender and creditors committee spar over professionals' fees
(DBN)

Ombudsman to monitor patient care during Astria Health bankruptcy
(DBN)

Meet the New York couple donating millions to the anti-vax movement • Report: Million-dollar donations fund anti-vaccination movement
(DBN)

Religion and vaccine refusal are linked. We have to talk about it.
(DBN)

Vaccine safety concern has regional differences
(DBN)

US companies are expected to spend 6% more on health care next year as drug prices rise
(DBN)

2020 may be a turning point on health care costs
(DBN)

____________

Student Debt:

How to defer student loans to pause your payments for months or years at a time
(DBN)

____________

Skiing:

Head of closed ski area resigns over reorganization plan
(DBN)

____________

Celebs:

Fraud Case Study: Clinton Portis Defrauded and Bankrupt
(DBN)

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Pharma:

The Sacklers helped cause the opioid epidemic. They’re still making excuses for it.
(DBN)

____________

Music:

Amid bankruptcy, Triangle music entrepreneur faces creditor lawsuits
(DBN)

Taylor Swift Has an Economics Lesson for You
(DBN)

____________

Environmental:

Notice of Lodging of Proposed Bankruptcy Settlement Agreement Under the Comprehensive Environmental Response, Compensation and Liability Ac
(DBN)

____________

Asset Protection:

Annuity Payments Protected From Creditors In Rensin
(DBN)

____________


Economy:

Federal Reserve expresses concern about US economy and signals likely interest rate cut soon • Fed opens door to rate cut amid growing 'uncertainties' • Federal Reserve expresses concern about US economy and signals likely interest rate cut soon • The Fed Gave the Stock Market What It Expected, but Not What President Trump Wanted • As Fed meets, Trump's potential next pick wants to see 'lower rates as fast as possible' • FOMC Statement: No Change to Policy, "Patient" Removed • The Fed just defied Trump's wishes for a rate cut, but signaled that one could come soon • Powell: Some Fed officials believe the case for more accommodative policy has strengthened • Fed holds interest rates steady and has no plan to cut them in 2019 — but it leaves itself wiggle room • Traders are pricing in a 100% chance of at least one Fed rate cut in July • Powell opposes idea of raising 2% inflation target to 4%, saying he doubts it would be credible
(DBN)

Powell on Trump: ‘The law is clear that I have a four-year term, and I fully intend to serve it’ • Trump could cause market ‘turmoil’ if he removes Powell as Fed chief, says ex-governor
(DBN)

Powell says Facebook discussed cryptocurrency plans with the Fed
(DBN)

Dovish Fed likely to feed investor appetite for corporate debt
(DBN)

U.S. consumer debt is now breaching levels last reached during the 2008 financial crisis
(DBN)

Despite Trump's support, steel industry shows weakness, begins to idle plants • As U.S. Steel Slows Production, It's Time To Stop Pretending Tariffs Work • 'He has a point': Christine Lagarde tackled Trump's trade war, climate change, and the gender pay gap on the Daily Show with Trevor Noah • Huawei's future is in peril as its problems mount in wake of US crackdown • Tariffs Crushing American Pig Farmers • The Fantasy at the Core of Trump's Tariffs • Winnebago could take a ‘double-digits of millions of dollars’ hit from China trade war • Trump and Trudeau to talk trade and China - and try to get along • Latest proposed tariffs could hit U.S. chemical sector again
(DBN)

Mexico becomes first country to ratify USMCA trade deal via Senate vote
(DBN)

Larry Kudlow Will Not Discuss The Probably Illegal Things His Boss Was Considering Six Months Ago
(DBN)

Mnuchin says he wants to lift debt limit for a year if there's no spending deal • Mnuchin says Trump wants to keep government open as Washington scrambles for budget, debt deal • Budget meeting on Capitol Hill produces no progress as deadlines loom
(DBN)

Trump administration threatens furloughs, layoffs if Congress doesn't let it kill personnel agency
(DBN)

Trump to award Presidential Medal of Freedom to economist Art Laffer • Trump awards honor to economist who co-wrote book praising ‘Trumponomics’
(DBN)

5 ways to fight wealth inequality, according to economists
(DBN)

Why the racial wealth gap persists more than 150 years after emancipation
(DBN)

This is exactly how much it will cost to retire well in every state in America
(DBN)

Here’s how much money Americans in their 40s have in their 401(k)s
(DBN)

Visualizing U.S. Energy Use in One Giant Chart
(DBN)

More Nonretired Americans Expect Comfortable Retirement
(DBN)

Where jobs are concentrating and why it matters to cities and regions
(DBN)

$12 Trillion of Negative Yield Bonds a Problem
(DBN)

Half of Americans Are Now Over the Age of 38
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

TICs: Maybe the Protection of Bankruptcy Will Be the Available If Needed, and Maybe Not
(DBN)

Bankrupt Ditech looks to sell most of its mortgage business
(DBN)

AIA: "Architecture billings remain flat" in May
(DBN)

MBA: Mortgage Applications Decreased in Latest Weekly Survey
(DBN)

Warren questions Kushner's $800 million Freddie Mac loan
(DBN)

Tiny houses entice budget-conscious Americans
(DBN)

____________

Municipalities:

Ambac questions Puerto Rico board assertion that pension liabilities rose $5 billion
(DBN)

Puerto Rico FOMB sees deal as way out of Title III, denies disparate bond treatment
(DBN)

Confirming financial overseers is crucial for Puerto Rico's continued rebuilding
(DBN)

Faith leaders call for Puerto Rico pension protection, debt and disaster relief
(DBN)

A Florida city paid a $600,000 bitcoin ransom to hackers who took over its computers — and it's a massive alarm bell for the rest of the US
(DBN)

____________

Oil/Gas:

Legacy Reserves Shares Trading For Pennies After Chapter 11 • Midland's Legacy Reserves files for bankruptcy • Legacy Reserves files for Chapter 11 to facilitate RSA
(DBN)

Oklahoma firm acquires Houston's Gastar Exploration
(DBN)

Frackers Get Not One But Two Coal-Mine Canaries
(DBN)

EU Will Try to Wean Itself Off Fossil Fuels
(DBN)

____________

Climate:

Trump's UN nominee breaks with the president on climate change
(DBN)

Scientists: Emission Must be Cut in Half
(DBN)

____________

Religion:

'He hurt people': West Virginia's long-faithful Catholics grapple with news of bishop's misconduct
(DBN)

____________

Newspapers:

New owners revive a newspaper as industry fights to survive
(DBN)

MediaNews plans to cut 81 jobs at Reading Eagle
(DBN)

____________

Aviation:

Judge sends OneJet investor lawsuit to bankruptcy court
(DBN)

American Airlines just ordered 50 new Airbus planes — and it's a huge blow to Boeing
(DBN)

Boeing eyes more 737 Max sales after post-crash drought
(DBN)

A key question about emergency maneuvers could throw a wrench in Boeing's plan to get the 737 Max back in the sky
(DBN)

____________

Coal:

Coal projects face higher investor hurdles as climate risks mount
(DBN)

In Wyoming's coal country, locals greet news of massive mine deal with optimism
(DBN)

Colstrip to close two coal-fired plants early
(DBN)

____________

Media:

Jennifer Lopez-Backed Fuse Media Prepares To Emerge From Chapter 11 Bankruptcy
(DBN)

F+W Media's Bankruptcy Auction Nets Almost $8M, Magazines Sold Off
(DBN)

____________

Electricity:

Analyzing PG&E's First Settlement after Bankruptcy
(DBN)

After Camp Fire, PG&E found hundreds of ‘immediate safety risk’ problems on equipment
(DBN)

PG&E Wants Bankruptcy Court To Stop Securities Suit
(DBN)

What PG&E Settlement Could Mean for Rebuilding of Paradise
(DBN)

PG&E bankruptcy emboldens California municipalities – but breaking up is hard to do
(DBN)

How PG&E Will Pay $1 Billion to Cover California Wildfire Settlement
(DBN)

PG&E Retiring the Power Line That Sparked Deadly Camp Fire
(DBN)

PG&E’s path forward: to bankruptcy and beyond
(DBN)

The Official Creditors Committee Welcomes Wildfire Commission's Recommendations, Urges Immediate Action
(DBN)

PG&E says pension fund's lawsuit a bid to skirt bankruptcy stay
(DBN)

Ohio Supreme Court Overturns FirstEnergy Customer-Funded Nearly $600 Million Bailout
(DBN)

____________

Religion:

The Catholic Church has finally gotten serious about handling sexual abuse. Here’s what Jewish institutions could learn from the process.
(DBN)

____________

Agribusiness:

US Beekeepers Lost 40% of Colonies
(DBN)

____________

Non-Profits:

The N.R.A.’s Longtime C.F.O. Was Caught Embezzling Before Joining the Organization, Former Colleagues Say
(DBN)

____________

Banking:

FBI eyes Deutsche Bank after money-laundering report
(DBN)

____________

Resins:

Hexion Inc. Announces Proposed $450 Million Debt Offering
(DBN)

____________

 
New Bankruptcy Opinions
(8 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (17 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (3 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 CD CA: Filings up – a little –
(DBN)

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Cross-Border:

New Delaware Chapter 15 Bankruptcy Filing – Munro Media Ltd.
(DBN)

First of its kind: The Hong Kong Companies Court recognizes a Japanese Winding Up
(DBN)

____________

Avoidance Actions:

Protecting All Corporate Stakeholders: Fraudulent Transfer Law as a Check on Corporate Distributions
(DBN)

____________

Automatic Stay:

'Exercise in revenue collection:' Appeals judges say Chicago can't hold cars over parking tickets if owners in bankruptcy
(DBN)

____________

Interest:

No Windfall to Solvent Debtors on Post-Petition Interest: Salvaging the Solvent-Debtor Exception in the Aftermath of Ultra Petroleum
(DBN)

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IP:

Recent United States Supreme Court Decision Tackles Question of What Happens When Bankruptcy Meets Intellectual Property
(DBN)

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D&O:

Who is D&O Insurance For?
(DBN)

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Bankruptcy Policy:

Giving creditors a voice for a better insolvency process
(DBN)

____________

Tax:

Tax Reform for Restructuring Lawyers
(DBN)

____________

Tech:

Here are the US states that could be hit hardest by the 'tech cold war'
(DBN)

____________

Retailing:

US retailers file for bankruptcy at swift pace in 2019
(DBN)

Forever 21 Update: Teen Retailer Looks To Restructure To Avoid Bankruptcy
(DBN)

Forever 21’s problems indicate a bigger crunch for traditional fast-fashion retailers
(DBN)

Charming Charlie hires financial adviser
(DBN)

Chico's weakening financial performance prompts lower offer from Sycamore
(DBN)

Barnes & Noble sales fall 4%
(DBN)

____________

Personal Finance:

I've saved over $1,200 by lowering my recurring bills. Here's the exact script I use to negotiate.
(DBN)

17 things you should never wear to a job interview
(DBN)

Your Professional Decline Is Coming (Much) Sooner Than You Think
(DBN)

____________

Education:

The Surreal End of an American College
(DBN)

____________

Student Debt:

Lawsuit alleges the government is illegally garnishing tax refunds of student-loan borrowers
(DBN)

Schools Where Students Take On the Most Debt to Attend
(DBN)

____________

Travel:

Flight Diverted After Drunken Passenger Punches Attendant
(DBN)

____________

Awards:

Vault 100 Rankings: The Most Prestigious Law Firms In America (2020)
(DBN)

____________

Mass Torts:

Squandered Big Tobacco Money a Cautionary Tale in Opioid Cases
(DBN)

Animated videos: Boy Scouts' new tactic to fight abuse
(DBN)

____________

Boxing:

Boxing body near bankrupt, facing 2020 Olympic exclusion
(DBN)

____________

Food/Beverage:

S. Jersey Burger King operators file for Chapter 11 bankruptcy protection
(DBN)

Judge appoints trustee to take control of bankrupt San Antonio food firm despite its objection
(DBN)

These Chains Are Closing the Most Restaurants in 2019
(DBN)

____________

Autos:

GM seeks to avoid Takata recalls for fourth straight year
(DBN)

Goldman Sachs cuts Tesla price target: ‘Downward path for shares will resume’
(DBN)

Attorneys for Reagor-Dykes hope reorganization plan to be finalized by September
(DBN)

The Nissan-Renault Alliance Is Disintegrating: Report
(DBN)

____________

UK:

Reintroduction of HMRC as a preferential creditor
(DBN)

The changing landscape of retail CVAs – are landlords taking back control?
(DBN)

No-deal Brexit uncertainty forces UK producers to plan factory shutdowns
(DBN)

The Race to Replace Theresa May: A Cheat Sheet
(DBN)

Icelandic Bank Can't Lead Fashion Mogul's Bankruptcy Fight
(DBN)

____________

PIIGS:

Risky Greek Debt Is Suddenly Sexy Again
(DBN)

____________

MENA:

Mines used in tanker attack look like those shown by Iranian military, explosives expert says • The US has been privately telling Tehran that it will attack if Iran makes this one wrong move • Fox News host Tucker Carlson has reportedly been privately urging Trump against a war with Iran • Iran's Revolutionary Guard shoots down U.S. drone • US military drone shot down by missile in international airspace, US official says • Oil prices jump 3% after official says US drone was shot down • Iran says it shot down U.S. drone amid rising tensions • House Dems vote to repeal 9/11-era law in hopes of deterring war with Iran
(DBN)

Khashoggi drugged by Saudi agents, suffocated with plastic bag: UN • 'Joints will be separated': Jamal Khashoggi's murder, retold
(DBN)

____________

China:

Chinese Bike Maker Ofo Can't Pay Debts
(DBN)

____________

India:

Operational creditors suffer 58% haircut
(DBN)

____________

Singapore:

Hour Glass co-founder Jannie Chan declared bankrupt
(DBN)

____________

Venezuela:

Trump is giving up on regime change in Venezuela because it's complicated and he got bored, report says
(DBN)

____________

India:

Could Jet Airways have been saved? • Jet Airways spikes 93% ahead of NCLT order on insolvency plea
(DBN)

The $84 Billion Dilemma Vexing India's Three Telecom Tycoons
(DBN)

Courts play prudent role in IBC’s logical evolution
(DBN)

____________

Iceland:

Icelanders in Shock as Tourism Collapse Halts Economic Miracle
(DBN)

Wow Air's bankruptcy is Iceland's latest sign of economic crisis
(DBN)

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