June 21, 2019

The Daily Bankruptcy News

View prior editions: Click Here
View prior case summaries: Click Here
Search prior headlines: Click Here
Search prior case summaries: Click Here

Format For Mobile Device



Law:

The 2019 Law School Rankings Are Finally Here
(DBN)

Western State College Of Law’s Landlord Is Not Happy
(DBN)

27-year bankruptcy case included an art fight, a perjury conviction and a marriage proposal
(DBN)

Why This Am Law Firm Kept Partners in the Dark on a Branding Overhaul
(DBN)

Mark Solomon Explains How Law Firms and Attorneys Can Prepare for a Recession
(DBN)

Slaughter and May raises NQ pay to guaranteed £100k
(DBN)

Résumés IV: If This Concept Dies, It Dies
(DBN)

Another Law School’s Law Review Appoints Its First Black Editor-In-Chief In History
(DBN)

SDT refuses to drop case against Freshfields restructuring partner accused of misconduct
(DBN)

Law School Student Alleges She Was Assaulted By Admissions Officer
(DBN)

New tool by Harvard Law lets people explore language usage in caselaw
(DBN)

Lawyer suspended amid accusations of ‘inappropriate diatribes’ and ‘vitriolic emails’
(DBN)

House Democrats release 270-page transcript of Hope Hicks’ closed-door testimony Hope Hicks Refused to Answer 155 Questions Trump's 2016 campaign felt 'relief' from WikiLeaks release, Hicks says Prosecutors accuse Roger Stone of violating gag order with social media posts Russia-born executive to testify about Trump Moscow project 'I will answer every question': Onetime Trump business partner Felix Sater is set to tell House panel new details about Moscow project
(DBN)

Prosecutors intensify scrutiny of Trump fundraiser Elliott Broidy, focusing on foreigners at inauguration
(DBN)

Supreme Court rules that WWI cross on Maryland public land can remain, does not violate Constitution SCOTUS rules Peace Cross memorial on government land does not violate establishment clause Peace Cross ruling is victory for constitutional common sense Supreme Court's 'Peace Cross' case demonstrates the fine art of pretending religious symbols aren't religious The Supreme Court's Peace Cross decision reveals deep fissures over the establishment clause
(DBN)

Government meeting opens with 'Hail Satan' prayer
(DBN)

A Navy SEAL sniper says Eddie Gallagher said medics knew to take captured fighters and 'nurse them to death'
(DBN)

Trump isn't matching Obama deportation numbers Lawyers find migrant children in “dangerous situation” at border facility Illegal immigrant 'got aways' at five-year high as border agents pulled from patrol duties Migrant's death comes as Mexico toughens enforcement at US behest Trump administration pushes to return more migrants to Mexico, intensifying legal battle
(DBN)

72 Philadelphia Police Officers Placed On Desk Duty Over Offensive Social Media Posts
(DBN)

An Air Force base is warning about the threat posed by 'incels' - Dallas courthouse gunner have have identified with group
(DBN)

Appeals court says Trump family planning restrictions can take effect
(DBN)

Alabama governor signs law allowing church to have its own police force
(DBN)

Grandmother, 75, Holds Car Theft Suspect At Gunpoint Until Deputies Arrive
(DBN)

Walmart Greeter Clobbered By Irate Customer
(DBN)

Alex Jones Unveils New Strategy: Calling Plaintiffs’ Counsel A ‘Little White Jewboy Jerkoff Son Of A Bitch’
(DBN)

How to become a federal criminal: It’s easier than you may think
(DBN)

______________

Judges:

Ginsburg wins MTV award for best real-life hero but is not most meme-able
(DBN)

Bankruptcy Judge's Judicial Nomination Advances to Full Senate
(DBN)

Kirkland & Ellis Partner’s Ninth Circuit Nomination Advances Despite Residency Concerns
(DBN)

When Supreme Court Justices Just Won’t Leave The Bench
(DBN)

Trump Judicial Nominees, Including Big Law Partner, Advance
(DBN)

2019's Supreme Court cases to watch
(DBN)

FBI Tipped Off About Dallas Gunman in 2016
(DBN)

Judge Posner Gets A New Job
(DBN)

______________

Wall Street:

US futures slightly lower as tensions with Iran escalate S&P 500 poised to pull back after notching first record since April
(DBN)

S&P 500 closes at new record as Wall Street bets Fed will lower rates, Dow surges nearly 250 points
(DBN)

______________

Layoffs:

Siemens to Cut 2,700 Jobs at Energy Unit
(DBN)

Sanofi Plans 466 Job Cuts
(DBN)

______________

Politics:

Meet the voters defining America’s politics
(DBN)

A gay first lady? Yes, we’ve already had one
(DBN)

Trump FactCheck: 52% of women voted for me in 2016
(DBN)

Senate votes to block Trump's emergency arms sales to Saudi Arabia, UAE
(DBN)

Trump reportedly approves military strikes on Iran — then abruptly pulls back
(DBN)

Trump's maximum pressure tactics are incoherent
(DBN)

Trump said he'd be open to political 'dirt' from foreign powers. Hope Hicks said it should be 'reported to the FBI.' Hope Hicks reportedly stopped returning some of Trump's calls after she left the White House and he's been asking, 'What happened to Hope?'
(DBN)

Roy Moore to Run for Senate Again GOP Vows to Crush Roy Moore for Senate ‘This place has enough creepy old men,’ senator says after Roy Moore announces 2020 run
(DBN)

Jerry Falwell Jr. defied expectations when he supported Donald J. Trump in 2016. Now details are emerging about behind-the-scenes maneuvering Falwell Funded Pool Boy's Real Estate Deal
(DBN)

Biden’s Senate Years Become a Drag on His Presidential Bid
(DBN)

Impeachment Support Continues to Grow Among Vulnerable House Democrats The White House Is Nowhere Near Ready for Impeachment
(DBN)

OR: Governor sends police after GOP senators who fled Capitol GOP lawmakers skipped town to avoid a climate change vote. Then the governor called the police.
(DBN)

Texas gained almost nine Hispanic residents for every additional white resident last year
(DBN)

____________

Healthcare:

Elderly Hedge Fund Manager Doesn't Care If Your Kids Die From A Preventable Disease
(DBN)

Creditor questions on the Astria Health bankruptcy case? We have answers
(DBN)

How surprise billing proposals actually affect health care providers
(DBN)

The corporatization of hospital systems
(DBN)

____________

Retailing:

Something to Remember: The Flexibility of Chapter 11 in Retail Situations
(DBN)

Ascena Might Be Able To Avoid Bankruptcy
(DBN)

Forever 21 Taps Latham, Alvarez & Marsal in Effort to Avoid Bankruptcy, Report
(DBN)

Walmart to pay more than $282 million to settle bribery investigations Walmart's Decade of Bribes
(DBN)

Retiree Benefits Committee OK'd In Sears Ch. 11
(DBN)

Retailers Find New Innovation Fuel Against Amazon
(DBN)

Can James Daunt Save Barnes & Noble from Oblivion?
(DBN)

____________

Aviation:

Airbus just scored another big order for its new transatlantic fleet, which is set to edge out Boeing
(DBN)

____________

Crypto:

QuadrigaCX CEO Set Up Fake Crypto Exchange Accounts With Customer Funds
(DBN)

QuadrigaCX timeline — and the many questions still to be answered
(DBN)

Italian Court Invites Bitgrail Creditors to File Refund Claims
(DBN)

____________


Economy:

Goldman changes tune on the Fed, sees two rate cuts and early end to balance sheet rolloff What to make of the Fed The Fed Is Looking for an Excuse to Cut Rates
(DBN)

10-year Treasury yield drops as low as 1.97%, first time below 2% since November 2016 The safest US bonds are offering their worst returns since the 2016 presidential election — and that's a major warning sign the economy is in trouble
(DBN)

The US economy could enter a ‘mild’ recession in 2020, investor says
(DBN)

Fed’s Bullard says he wanted interest-rate cut as insurance against slowing economy, weaker inflation
(DBN)

Ex-FDIC Chair to Trump: Leave Powell Alone
(DBN)

LinkedIn says these 5 traits pose the biggest skills gap — and it’s a global problem
(DBN)

This top strategist thinks super free money from the Federal Reserve is here to stay
(DBN)

The Trump economy is starting to look more and more like the Obama economy
(DBN)

Jay Powell To Trump: You Can’t Touch This… Please
(DBN)

Weekly Initial Unemployment Claims decreased to 216,000
(DBN)

The economy is booming. But are Americans' finances healthier because of it?
(DBN)

Cramer: CEOs who I talk to see the economy slowing down and they hope the Fed sees it too
(DBN)

Philly Fed Mfg "Manufacturing conditions in the region weakened" in June
(DBN)

Apple warns in letter to Lighthizer that tariffs would reduce its contribution to US economy Trump's Trade War is Paralyzing Business Trump's Tariffs Have Cost Consumers $22Bn Trade War Causing Collateral Damage to Global Economic Outlook Trump is getting closer to a win on a new NAFTA. But his Mexico tariff threats could undermine a deal USMCA, Trump’s new trade deal, explained in 500 words China, US to Resume Trade Talks Did China’s trade negotiators make promises they couldn’t keep? US Trade Representative Robert Lighthizer thinks so 2020 Democrats just moved in on big Trump weakness
(DBN)

West Virginia is still waiting on an $84 billion investment from China that was promised in 2017
(DBN)

Too rosy? Experts question Warren's wealth tax figures
(DBN)

U.S. Retailers File for Bankruptcy at Brisk Pace in 2019
(DBN)

New York, California high-tax state exodus just beginning, expert warns
(DBN)

U.S. has no plans to cap H-1B work visa program: State Department
(DBN)

Congress Targets Middle-Class Retirement Savings
(DBN)

Brian Moynihan Wants Everyone To Just Relax And Enjoy This Lovely Economy We’re Having
(DBN)

Negative-yield government bonds are just nuts
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Falling mortgage rates are heating home prices this summer
(DBN)

Another Record Low for Mortgage Delinquencies in May
(DBN)

NYC rents just hit a 3-year high, and the city's prices are pushing everyone from millennials to wealthy Wall Street bankers away
(DBN)

Los Angeles wants to tax landlords for vacant units
(DBN)

____________

Municipalities:

Justices add Puerto Rico appointments clause case to next term’s docket Puerto Rico Board Appointment Dispute Gets Supreme Court Review Supreme Court to hear dispute over Puerto Rico financial stability board Supreme Court to consider constitutionality of Puerto Rico oversight board Justices To Decide If Puerto Rico Oversight Board Is Legal
(DBN)

Puerto Rico Cases Pit Don Verrilli Against Ted Olson at Supreme Court
(DBN)

Commonwealth Finds Common Ground: Deal with Bondholders May Be a Turning Point as Puerto Rico Seeks to Emerge in Early 2020
(DBN)

If You’re Not Watching Puerto Rico, You’re Missing a Glimpse of the Future
(DBN)

US Latino population grows, but Puerto Rico sees unprecedented drop
(DBN)

Muni Lowdown
(DBN)

____________

Oil/Gas:

EXCO Resources nears bankruptcy emergence
(DBN)

Energy stocks surge, as heightened Middle East tensions fuel oil price rally
(DBN)

Strait of Hormuz tensions underscore oil market’s global scope
(DBN)

Report: Oilfield service companies beginning to raise prices
(DBN)

____________

Coal:

Bankrupt Cambrian Coal explores sale process
(DBN)

Trump Promised A Boost To Coal Industry, Arch And Peabody Are Trying To Make It Happen
(DBN)

How the EPA's climate rule rollback could reach beyond coal
(DBN)

____________

Fraud:

After college admissions scandal, UC rolls out reforms to guard against fraud
(DBN)

____________

Electricity:

PG&E plans nearly $11 million in executive bonuses PG&E seeks $10.9 million in bonuses for execs amid wildfire woes, bankruptcy
(DBN)

California Bankruptcy Judge Rules FERC Lacks Jurisdiction Over Abrogation of PG&E’s Wholesale Power Agreements
(DBN)

Driven from California city by fire, kept out by gentrification?
(DBN)

Rensselaer power plant files for bankruptcy protection
(DBN)

____________

Pharma:

Bankrupt LI company names new president to oversee wind-down
(DBN)

In Oklahoma, opioid case windfall starts winners squabbling
(DBN)

US appeals court says judge went too far on drug data order
(DBN)

Teva faces potential cash crisis amid lawsuit risks, flatlining sales
(DBN)

____________

Solar:

Beginning of the End for Tesla's Solar Business
(DBN)

____________

Environmental:

Trump EPA chief pens ‘rather shocking letter’ slamming California leader, clean car talks
(DBN)

____________

Entertainment:

Weinstein victims’ settlement hits another roadblock
(DBN)

Paragon Entertainment to appoint administrators as cash runs out
(DBN)

____________

Resorts:

Judge’s order will keep Aspen Club afloat for now
(DBN)

Bankruptcy cases to proceed in Vermont
(DBN)

____________

Autos:

Mitsubishi Motors shareholders approve ouster of Ghosn
(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 (16 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:

 

______________

Litigation:

Arbiters Pushing for More Disclosure as Litigation Funding Expands Into Their Venue
(DBN)

____________

Bankruptcy Reform:

Cline Introduces Bankruptcy Changes Bill
(DBN)

____________

Releases:

Non-Consensual Releases in Bankruptcy
(DBN)

____________

UCC:

Collateral Descriptions in UCC Financing Statements
(DBN)

____________

UST:

UST Seeks Trial Attorneys in NY, MI and DC
(DBN)

____________

Automatic Stay:

Illinois: Seventh Circuit Orders Return Of Impounded Cars
(DBN)

____________

D&O:

D&O Insurance: Thinking About the Invasion of Privacy Exclusion
(DBN)

____________

Small Business:

“Kicking the Can Down the Road”: Family Businesses in Chapter 11
(DBN)

____________

Newspapers:

Eagle's new owner to retain 111 employees
(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)

Testing of sewage confirms rise in marijuana use
(DBN)

____________

Non-Profits:

NRA Suspends Second in Command NRA sidelines its top lobbyist in latest sign of internal turmoil
(DBN)

____________

Banking:

Deutsche Bank faces FBI investigation for possible money-laundering lapses: source
(DBN)

____________

Education:

Seeking $2.1 Million After a College Chain’s Collapse (to Repay Its Guardian, not Students)
(DBN)

Thousands of veterans had education derailed when for-profit college chains abruptly closed
(DBN)

____________

Climate:

With More Storms and Rising Seas, Which U.S. Cities Should Be Saved First?
(DBN)

The planet has a fever, and the cure is more capitalism, a prominent researcher argues
(DBN)

____________

Personal Finance:

People are more likely to return lost wallets if they have this amount of money inside
(DBN)

The grim financial lesson children will learn from cashless Monopoly
(DBN)

____________

Taxis:

City council proposes overhaul of taxi medallion industry
(DBN)

____________

Maritime:

Solstad Offshore extends payment suspension with creditors
(DBN)

____________

UK:

Boris Johnson to face Jeremy Hunt in the battle to become Britain's next prime minister
(DBN)

Allegations of SRA cronyism mount
(DBN)

UK Insolvency Index reveals the regions where companies are failing
(DBN)

Botched Brexit dragging U.K.s attractiveness to new low, warns leading consultant
(DBN)

____________

MENA:

Iran just shot down one of the US military's most advanced drones — it costs more than an F-35 stealth fighter The Drone Iran Shot Down Was a $220M Surveillance Monster Oil prices jump more than 6% after Trump says Iran made a ‘very big mistake’ Trump Gave Approval for Iran Strike, Then Backed Off Iran defiant over drone as Trump reportedly halts retaliatory strikes Trump bizarrely chickens out of responding to a direct attack from Iran Trump called Iran's drone attack 'a mistake,' but a top Iranian general called it 'a clear message' to the US Strait of Hormuz: Oil ‘choke point’ in focus as Iran shoots down U.S. drone amid rising tensions Asked if US will strike Iran, Trump says ‘you’ll soon find out’ Trump on Iran drone attack: "I have a feeling it was a mistake" Iran Says U.S. 'Lying' About Where Drone Shot Down, Military Releases Video Airlines Told Not to Cross Iranian Airspace US-Iran military conflict will be a ‘lose-lose situation,’ analysts say
(DBN)

____________

India:

Jet Airways stock soars 133%, NCLT admits insolvency plea SBI chairman defends sending Jet Airways to bankruptcy court Jet lenders face new headwinds in India
(DBN)

Bankruptcy hits employees: Another scandal is brewing in IRP process
(DBN)

Investing through insolvency code
(DBN)

Insolvency code: Judicial trends
(DBN)

Giving creditors their fair share
(DBN)

Charting The way ahead for IBC
(DBN)

____________

Venezuela:

Trump Mad at Staff on Failed Venezuela Coup
(DBN)

____________

Singapore:

Hour Glass co-founder seeks stay of bankruptcy order Hour Glass co-founder Jannie Chan seeks stay of bankruptcy order; owes moneylender over $4m
(DBN)

____________

Hong Kong:

Black-clad, anti-extradition protesters flood streets of Hong Kong
(DBN)

____________

Australia:

Landmark High Court decision puts employees first in an insolvency
(DBN)

___________


The Daily Bankruptcy News is primarily a curated news link gathering service.   Most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subscription fee is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use. If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the most recent edition of The Daily Bankruptcy News on the web at BKInformation.com.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid service subscription. These links are currently marked with a "DBN" notation. The cost of a subscription is $66.50/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links.

New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase.

Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested. There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear. You do not need to type anything in the body of the email message. Note that the email asking for removal must be sent from the same email address which is on our distribution list. If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

If receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list.

Press Releases/News Tips
Please send press releases and news tips to admin@bkinformation.com

Contact Us
The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C. You can phone or text us at 281-402-3957. You can email us at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries). Our mailing address is 935 Eldridge Road, No. 350, Sugar Land, Texas 77478.

Copyright 2019