June 4, 2019

The Daily Bankruptcy News

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Law:

Lawyer count in US increases 14.5% from decade ago; these 5 states have highest number of active attorneys
(DBN)

White & Case Adds Restructuring Partner In Chicago Office
(DBN)

Scared Of Being Unemployed After You Graduate From Law School? Not Grads From This School
(DBN)

King & Spalding Adds Financial Restructuring Partners to its New York and Chicago Offices
(DBN)

Bankruptcy Lawyer Jeffrey Patterson Elected Managing Partner of Allen Matkins
(DBN)

Planned Purchase Of Western State College of Law Will Take Time To Finalize
(DBN)

Frustrated With Big Law Diversity, Many Companies Are Looking Elsewhere
(DBN)

Appeals court rules against woman charged in Dan Markel murder
(DBN)

Crowell & Moring Turns 40 and Eyes Growth Far Beyond Washington
(DBN)

Wilson Sonsini Expects ‘Millions’ from New App at $7,500 a Doc
(DBN)

Mississippi institutes rule requiring more schooling after 3 bar exam failures
(DBN)

A Note For Law School Professors That We Regrettably Have To Repeat: There Is Never A Good Remedy To Reusing An Exam Question
(DBN)

Americans Are Sitting at Record Rates
(DBN)

Lawyers In Low-Pay Public-Interest Jobs Forced Into Gig Economy To Survive
(DBN)

How to Cope When Losing a Job, Especially for Lawyers with Depression and Anxiety
(DBN)

Spotting concealed gun isn’t reason enough for police to stop and investigate, top state court rules
(DBN)

A majority of US voters agree with GOP Rep. Justin Amash that Trump 'committed impeachable offenses,' according to a new poll
(DBN)

House Oversight schedules contempt vote for AG Bill Barr, Wilbur Ross House Judiciary Committee to hold hearings on Mueller report House Judiciary Committee sets hearing on Mueller report with Nixon White House counsel John Dean AG Barr Seeks Oversight in Defense of Democracy Jared Kushner calls Trump Tower meeting with Russian lawyer a ‘clown show’ Paul Manafort Off to Rikers Island The Big Names Missing From the Mueller Hearings House Democrats to Host Series of Hearings on Mueller Report
(DBN)

Mexico Draws Red Line on Asylum ICE is struggling to contain spread of mumps in its detention centers Over 200 allegations of abuse of migrant children; only 1 federal employee disciplined Migrant children waited hours in vans to be reunited with families: Report Judge denies House Democrats’ challenge to border-wall funding SCOTUS Rejects Fast Track for DACA Case
(DBN)

Trump administration to ask most US visa applicants for social media information
(DBN)

Kevin Spacey Wants Assault Case Dropped Over Erased Evidence; Trial Set For Fall 2019 The rise and fall of Kevin Spacey
(DBN)

Half of LGBTQ employees say they have experienced verbal discrimination at work
(DBN)

Abortion law fallout: Where each state stands if Roe v. Wade is overturned Georgia Weighs Hollywood Boycott Abortion Law Forced Woman to Give Birth to Baby Knowing It Would Die The Epic Political Battle Over the Legacy of the Suffragettes
(DBN)

John Roberts' Blow Against Free Speech
(DBN)

Gun homicides dropped dramatically in this region of America. What happened?
(DBN)

Lawyer previously suspended for wine theft is disbarred for breaking promise of free representation
(DBN)

3 law partners suspended for failing to supervise trusted but embezzling office manager
(DBN)

Julian Assange shouldn’t be extradited to Sweden, court says
(DBN)

Tennessee DA: Domestic Violence Laws Do Not Apply to Gay People,
(DBN)

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Judges:

Virus leads to takedown of state’s court system website and e-filing Lawyers Forced To Go Old School When Virus Takes Down Court’s Website And Electronic Filing System
(DBN)

Despite judge’s order, prosecutors keep secret Flynn’s conversations with Russian ambassador
(DBN)

Pete Buttigieg’s Court-Reform Plan Is Exciting, Unconstitutional, And A Bit Naive
(DBN)

Clarence Thomas Perplexed by Retirement Rumors Justice Thomas says he has “no stress”’ and is “doing fine” Clarence Thomas questions sources of retirement rumors Clarence Thomas Praises High Level of Supreme Court Advocacy
(DBN)

Democrats Are Suddenly Obsessed With the Supreme Court
(DBN)

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Wall Street:

Dow futures rally on hopes of a resolution to Mexico tariffs Stock market set to stage rebound after Nasdaq enters correction phase
(DBN)

Dow finishes flat as Wall Street braces for the next trade twist
(DBN)

A full breakdown of where the stock market stands today and whether the tariff pain is priced in
(DBN)

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Retailing:

Chapter 22: Should Retailers Get a Second Chance at a Fresh Start?
(DBN)

The Shameless Sears World of Eddie Lampert Continues
(DBN)

Sears plans to merge with its hometown and outlet stores
(DBN)

Neiman Marcus's New Bond Tanks in First Day of Trading
(DBN)

The Retail Apocalypse’s Impact on Grocery Chains
(DBN)

Retailers Act as If Recession is Here
(DBN)

Amazon just fired the latest shot against Walmart in the free-shipping wars
(DBN)

Every clothing store stock is down for the past month
(DBN)

Latest retail hit as Forever 21 explores restructuring Apparel giant Forever 21 exploring restructuring as retail continues to take hits
(DBN)

Judge vetoes Shopko plan to settle bankruptcy
(DBN)

J.C. Penney downgraded by Moody's after a rough Q1
(DBN)

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Student Debt:

Durbin drafts bill for student loan bankruptcy relief
(DBN)

Where Does Joe Biden Stand On Student Loan Debt?
(DBN)

The frustrating reason college students miss out on finding the right federal-aid loans
(DBN)

Can Student Loans Be Wiped Out by Filing for Bankruptcy?
(DBN)

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Seafood:

Filing bankruptcy, National Fish assigns $30m debt claim to Rabobank
(DBN)

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Tech:

Apple drops on report that Justice Department is eyeing antitrust probe
(DBN)

Feds target 4 of the biggest U.S. tech companies and their stocks are getting slammed
(DBN)

Tech giants are in the crosshairs of regulators. Here's why one of America's biggest investors thinks the worst is yet to come.
(DBN)

Facebook shareholder revolt: Powerless investors vote overwhelmingly to oust Mark Zuckerberg as chairman
(DBN)

Fusion Files In BK SD NY - First Day Dec Fusion Files Bankruptcy 13 Months After Cloud Computing Mergers
(DBN)

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Economy:

Most are Not $400 Away from Financial Ruin
(DBN)

Fed’s Bullard says a rate cut may be ‘warranted soon’
(DBN)

Fed’s Mary Daly says trade escalation is not the only risk facing the US economy
(DBN)

Mark Cuban: Workers paid by the hour will ‘always...fall behind,’ making wealth inequality worse
(DBN)

American manufacturing activity just dropped to its slowest pace since Trump took office ISM Manufacturing index Decreased to 52.1 in May Factory Activity Grows at Slowest Pace in Yrs
(DBN)

Europe is Being Bullied by US and It's Working
(DBN)

World of Negative Debt Now Tops One-Fifth of the Global Market
(DBN)

Donald Trump's Trade War Strategy Is Easy to Grasp Why China’s rare earths threat is no game changer in the trade war U.S. says China not being truthful about why trade talks stalled FedEx stock sinks to 3-year low, hurt by China trade war fallout China is ramping up its own chip industry amid a brewing tech war. That could hurt US firms China warns citizens against travel to the US "Frequent shootings": China warns citizens against travel to U.S. It’s not China or the US: Here are the trade war’s winners — so far Uranium hits 11-month low amid trade tensions
(DBN)

Trump’s Mexico tariffs could drain jobs from America’s economy Trump’s Mexico tariffs could drain nearly 40,000 jobs from America’s economy US Imports Most Cars from Mexico Trump's Threatened Mexico Tariffs Would be Largest Tax Increase Since 1968 Chipotle says it will hike the cost of burritos if Trump slaps tariffs on Mexico Mexico warns tariffs would hurt economies, could result in more migrants While Trump is in Britain, Republicans are reportedly plotting to block his Mexico tariffs
(DBN)

Trump Aides Scramble to Contain His Trade Wars
(DBN)

Trump's Trade War Miscalculation
(DBN)

Construction Spending Mostly Unchanged in April
(DBN)

The number of Americans working in their 70s is skyrocketing
(DBN)

Report: High Likelihood of Civilization Coming to an End in 2050
(DBN)

How Gig Work Makes the U.S. Economy Look Better Than Americans Feel
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Record Low National Delinquency Rate
(DBN)

As mortgage rates plunge, millions more homeowners can benefit from refinancing
(DBN)

Update: Framing Lumber Prices Down Almost 50% Year-over-year
(DBN)

Why this Gainesville shutter company filed for bankruptcy
(DBN)

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Municipalities:

House passes $19 billion disaster relief bill after delays, sending it to Trump Congress finally passes $19 billion in disaster aid
(DBN)

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Oil/Gas:

Weatherford Demise Represents Warning To Oil Services Sector
(DBN)

Seadrill Probably On Its Way To Another Restructuring
(DBN)

Houston upstream energy co. receives delisting warning from NYSE
(DBN)

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Maritime:

Turbulent Seas Continue for Container Shipping Industry in 2019
(DBN)

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Flowers:

FTD files for bankruptcy protection, but flower deliveries will continue After 109 years, florist FTD files for bankruptcy Flower Delivery Mainstay FTD Files Bankruptcy, Will Sell Assets
(DBN)

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Politics:

Elizabeth Warren Is a Radical Wonk
(DBN)

Socialism debate roils Democratic primary
(DBN)

White House Alters Story on USS John McCain
(DBN)

Trump Suggests a Boycott of AT&T to Punish CNN
(DBN)

'I'm Really Mortified': Why Americans Are Joining Donald Trump Protests
(DBN)

When the president is feeling overwhelmed, aides say, he falls back on immigration and trade policy—even when unprepared
(DBN)

Mueller witness with ties to Trump transition charged with child p----------
(DBN)

One statistic reveals why Joe Biden's frontrunner status has been remarkably steady so far
(DBN)

Fox News host wants Gillibrand to be ‘polite’ and stop criticizing the network
(DBN)

The incredible influence of the Federalist Society, explained
(DBN)

Trump’s company dodged millions of dollars in taxes on Panama hotel, lawsuit claims
(DBN)

GOP chair: Bankruptcy filing means supervisor candidate "can't be trusted" with budget
(DBN)

Vote-by-phone tech trend scaring security experts
(DBN)

'Alarmingly Inappropriate': Elaine Chao Tried to Include Family Members With Business Ties in China Meetings
(DBN)

Kamala is a Cop Who Wants to be President
(DBN)

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Healthcare:

Hoping to save troubled Kentucky hospital, court approves order to switch operators
(DBN)

Chart: Measles outbreak this year has been worst of the century
(DBN)

The charity eradicating medical debt
(DBN)

Hospitals notch a Supreme Court win
(DBN)

Can Medicaid handle another recession?
(DBN)

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Crypto:

Cryptocurrency exchange Blockport goes bankrupt after failed STO
(DBN)

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Climate:

Companies See Climate Change Hitting Their Bottom Lines in the Next 5 Years
(DBN)

Biden's climate plan aims for "net-zero" emissions by 2050 Joe Biden’s $5 trillion climate plan: Net zero emissions by 2050
(DBN)

Anchorage to Cut Carbon Emissions by 80%
(DBN)

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Newspapers:

Citizen Tribune's parent company files for bankruptcy protection
(DBN)

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Religion:

Abuse fallout triggers uncertain summer for Diocese of Rochester
(DBN)

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Personal Finance:

This is the age when it becomes embarrassing to live with your parents
(DBN)

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Maritime:

Marine Builders Files For Bankruptcy
(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 (61 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (10 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:

Toledo area bankruptcy cases climb 17 percent
(DBN)

Weekly Bankruptcy Claims Trading Activity
(DBN)

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Discharge:

Opinion analysis: Justices reject subjective standard on sanctions for violating the bankruptcy discharge
(DBN)

Supremes Set Sanctions Rule for Bankruptcy Collections
(DBN)

Creditors Risk Contempt For Pursuing Invalid Debt, Justices Say
(DBN)

Umm . . .SCOTUS Cartoons?
(DBN)

Court Sets “No Objectively Reasonable Basis” Standard For Violation Of Bankruptcy Discharge Orders
(DBN)

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Committees:

Are the Foxes Guarding the Henhouse?
(DBN)

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Miscellaneous:

Recent Delaware Rulings Highlight Chapter 11’s Inherent Flexibility
(DBN)

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D&O:

Thinking About the Differences Between Private Company and Public Company D&O Insurance
(DBN)

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IP:

Supreme Court Issues Major Ruling on the Ongoing Viability of Trademark Licenses by Bankrupt Entities
(DBN)

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Prepacks:

Recent Prepacks Stay True to Chapter 11’s Intent—with a Speedy Twist
(DBN)

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Pharma:

California sues Purdue Pharma for marketing OxyContin as non-addictive California, Hawaii, Maine and D.C. sue opioid maker alleging deceptive marketing
(DBN)

How cheaper drugs are kept off the market
(DBN)

The cost of popular prescription drugs doubles every 7 to 8 years, JAMA study finds
(DBN)

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Agribusiness:

US farmers’ borrowing boom is built on shaky land values
(DBN)

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Celebs:

Lil Kim Asks Judge To Toss Out Her Bankruptcy: Report Lil Kim Heads to Court to Ask For Bankruptcy Case to Be Dismissed
(DBN)

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Aviation:

Boeing: About That Wing Problem on 737s
(DBN)

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Fraud:

Amazon Offered Job to Pentagon Official Involved With $10 Billion Contract It Sought
(DBN)

Parents Claim Bribery Payments Aren't Bribes
(DBN)

Supreme Court to Ponder Issue of First Impression in Stanford Ponzi Scheme Clawback Action
(DBN)

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Autos:

Tesla stock nears a three-year low It's Doubtful Tesla Will Make Money This Year
(DBN)

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Television:

Hialeah TV production company with 300 employees files Chapter 11
(DBN)

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Cannabis:

How Legal Weed Is Killing America’s Most Famous Marijuana Farmers
(DBN)

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UK:

Trump baby blimp flies again in London with thousands set to protest UK visit 41-gun salutes and a Twitter tirade: Donald Trump arrives in UK Trump’s Combative Visit With America’s Closest Ally Day 1 of Trump’s state visit to the UK, in 21 photos British Press Pulls No Punches on First Day of Donald Trump U.K. Visit
(DBN)

Trump is angry he can’t watch Fox News in the UK
(DBN)

Trump Family Is 'American Royalty,' Trump Friend Tells Brits
(DBN)

Sir Philip Green close to deal over Arcadia pension deficit
(DBN)

Insolvency specialists Dunedin Advisory strengthen management team
(DBN)

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EU:

Eurozone inflation falls sharply in May
(DBN)

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Canada:

Insolvency rates nearing ‘all-time high’ in Regina-Moose Mountain region
(DBN)

Predatory Saga Continues, Catalyst Capital Buys Insolvent Bluberi for CA$92.7M
(DBN)

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Croatia:

Restructuring Systemically Important, Multinational Agrokor D.D.
(DBN)

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MENA:

Jared Kushner still won't blame Saudi Crown Prince Mohammed bin Salman for Jamal Khashoggi's killing
(DBN)

Kushner says Palestinians “should have self-determination” but won’t commit to 2 states
(DBN)

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Australia:

Australia’s central bank cuts interest rates for the first time in nearly three years
(DBN)

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Brazil:

Avianca Brasil In Limbo as Regulator Suspends Operations
(DBN)

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