May 1, 2019

The Daily Bankruptcy News

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Law:

Maybe This Positive Jobs Report For Law School Graduates Isn’t As Positive As It Seems…
(DBN)

Cake incident was ‘breaking point’ for marginalized general counsel, her $20M bias lawsuit says • High-ranking lawyer says CEO directed her to serve cake because she's a woman
(DBN)

Former Practice Chair Says Dentons Owes Her Over $390K
(DBN)

Duane Morris Welcomes Business Reorganization and Financial Restructuring Partner Frederick Hyman in New York
(DBN)

Should the U.S. Import the U.K.'s Gender Pay Gap Law?
(DBN)

Former Antares Capital Associate GC Joins King & Spalding’s New York Office
(DBN)

Morrison & Foerster Global Study on Redefined Role of General Counsel: Invest in Leadership and People Skills
(DBN)

Copyright: Who owns the law?
(DBN)

This Biglaw Firm’s Profits Per Partner Is Definitely Heading In The Right Direction
(DBN)

Dentons Sued By Its Former Government Contracts Leader
(DBN)

Legal Tech Moves The Bottom Line
(DBN)

The legal tech market is soaring, and nowhere is this more apparent than Y Combinator
(DBN)

Bar President-Elect Appoints Wife to Foundation Board, Raising Questions
(DBN)

When a Critical Spotlight Shines on Firms, Keeping Quiet Doesn't Help
(DBN)

Ethics Board Explains Lawyer’s Duties After Data Breach
(DBN)

What Are The Best Law Schools, Historically Speaking?
(DBN)

There's Absolutely No Studying Allowed in this Room at Texas Tech School of Law
(DBN)

Law Grads Say Schools Don't Offer Enough Mental Health Support
(DBN)

Attorney’s wife tells advice columnist she’s fed up with lawyer jokes
(DBN)

High blood pressure? You’re 3 times as likely to die from cardiovascular disease if you also have work stress and poor sleep
(DBN)

Married lawyer at leading London law firm faces sex misconduct tribunal after 'having non-consensual sex with a junior female colleague following a night of drinking'
(DBN)

AG Bill Barr and House Democrats are in a standoff over Mueller report testimony • Mueller to Attorney General Barr: You “did not fully capture” my report • Justice Department Officials Were Taken Aback by Tone of Mueller's Letter • Video shows William Barr denying knowledge of Mueller's objections to his summary of the Russia probe days after Mueller sent him a letter about it • Mueller reportedly wrote a letter to Attorney General Barr objecting to his conclusion that Trump did not obstruct justice in the Russia probe • Mueller reportedly criticized Attorney General Barr’s summary of special counsel report on Trump • Mueller expressed ‘frustration’ with Barr’s summary of Russia investigation • Mueller complained to Barr that summary report mischaracterized his findings: report • Mueller frustrated with Barr over portrayal of findings • 'He needs to resign tomorrow': Democrats tell Attorney General William Barr to resign after damning report • Read AG Barr's prepared statement to the Senate Judiciary Committee
(DBN)

Donald Trump Sues Deutsche Bank Because Mutually Abusive Relationships Are Cyclical • Can Capital One and Deutsche Bank please Trump, Congress and shareholders? • Deutsche Bank Has 'Reams' of Trump Documents, Including His Tax Returns
(DBN)

As Trump vows subpoena fights, Democrats weigh their options • House Democrats will use 'whatever means we can' on subpoenas, Schiff vows • Biden says Congress will have 'no alternative' but to impeach Trump if he blocks its investigations
(DBN)

Trump Enters His Comfort Zone: Suing the Hell Out of Everyone
(DBN)

US prosecutors tell judge they will not give Roger Stone unredacted Mueller report
(DBN)

Russia Agent Lashes Out at US Justice System
(DBN)

Democrats' emoluments lawsuit targeting Trump's private business can proceed, judge says
(DBN)

Rod Rosenstein praises Trump’s goals and DOJ independence in resignation letter • Rosenstein Leaving May 11 After Stormy Term • Rod Rosenstein is leaving as a diminished man and shamed lawyer
(DBN)

Greg Craig's Lawyers Bash 'Vague, Cryptic and Confusing' Charges
(DBN)

Booker, House Dems introduce most ambitious bill yet to curb immigration detention • Trump wants to make asylum seekers’ stay in the US harder — and shorter • Trump's claim that migrants are being sent to sanctuary cities • Trump wants an immigration system 'like they have in Canada.' Would a merit-based plan work in the U.S.? • Poll: Percentage of Democrats who see border 'crisis' jumps 17 points since January • Trump orders asylum-seekers to pay application fees, requires hearings within 180 days • There's no denying the border crisis
(DBN)

US searches of phones, laptops at airports rising, suit says • Without warrants, U.S. border agents can search devices for wide range of crimes, lawyers claim • DHS gave border agents free rein over thousands of warrantless device searches
(DBN)

Amazon's facial-recognition technology is supercharging local police
(DBN)

Violence in synagogues and mosques is kindling for a larger inferno of distrust online • NYT editorial warns of creeping anti-Semitism worldwide • Synagogue Shooter Pleads Not Guilty
(DBN)

The NRA’s big, bad financial mismanagement crisis, explained
(DBN)

How a transgender woman's letter led to her firing - and a trip to the Supreme Court
(DBN)

SCOTUS denies cert in case on pro se treatment filed by David Boies and Richard Posner
(DBN)

Convicted child killer blames ‘supernatural power’ for taking the lives of three of her children
(DBN)

Swarthmore students occupy fraternity after leak of disturbing documents
(DBN)

Minnesota officer convicted of murder in shooting of woman who called 911
(DBN)

White teens donned blackface on video. Their classmates walked out in protest.
(DBN)

Woman seeks $1.5M in damages from neo-Nazi website founder
(DBN)

A school bus driver r---- a 14-year-old. He won't spend a day in prison
(DBN)

The case of Dorothy's stolen ruby slippers
(DBN)

Socialite grifter convicted, despite help from courtroom stylist; she allegedly fooled law firms
(DBN)

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Judges:

An Insider’s Perspective On President Trump’s Transformation Of The Federal Judiciary
(DBN)

Trump Judicial Appointees Likely to Hit 100 Mark This Week
(DBN)

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Wall Street:

US futures are higher as traders await Federal Reserve meeting outcome
(DBN)

S&P 500 ekes out third straight record close; Nasdaq retreats after Google revenue miss
(DBN)

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Layoffs:

LifeCare Hospitals closing Pewaukee facility, laying off 171
(DBN)

Career-ending emails sent to more than 200 Houston firefighters
(DBN)

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Celebs:

This Victoria’s Secret model was discovered in Miami. Now she’s flat broke • Top supermodel Erin Heatherton virtually penniless
(DBN)

Joe Giudice's Sick Mother Files For Bankruptcy Amid Deportation Drama
(DBN)

Towanda Braxton Files for Bankruptcy; Claims She Only Has $150 in Bank
(DBN)

Tori Spelling: Arrest Warrant for '90210' Star Dropped, Still Owes $1 Million to Creditors
(DBN)

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Mass Torts:

Beyond Larry Nassar: hundreds of athletes are fighting USA Gymnastics in court over abuse • Suit against USA Gymnastics seeks help for abused gymnasts • Nassar Accusers Seek To Subpoena US Olympic Committee
(DBN)

Imerys Bankruptcy May Benefit Johnson & Johnson in Talc Lawsuits
(DBN)

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Politics:

The Joe Biden and Anita Hill controversy, explained
(DBN)

Biden Is Betting on Unions. They Might Bet on Someone Else • Why Biden is the leading candidate among Democrats, according to polls • Joe Biden Offers MAGA Response: 'End This God-Awful Deliberate Division' • Joe Biden is running like he won the Democratic primaries
(DBN)

Pete Buttigieg releases 10 years of tax returns, jabs Trump for not doing the same
(DBN)

Elizabeth Warren shines at Nevada candidates forum • Warrren FactCheck: Speaking of the financial crisis that gained traction in 2007, "I talked about it to anyone who would listen, a crisis is coming."
(DBN)

The House Intelligence Committee will ask the DOJ to launch a criminal investigation into Trump adviser Erik Prince
(DBN)

With Biden in, crowded 2020 Democratic field starts to get feisty
(DBN)

Sacha Baron Cohen upsets Roy Moore in first round of $95 million defamation battle
(DBN)

Defenders of Charlottesville statues win partial victory in court • New NRA President Is Board Chair for Organization Managing Country's Largest Confederate Monument
(DBN)

At Trump golf course, undocumented employees said they were sometimes told to work extra hours without pay
(DBN)

As bank profits soar, Wall Street's political spending hits new high
(DBN)

Chicago: Ald. Patrick Daley Thompson under scrutiny in probe of failed Bridgeport bank
(DBN)

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Economy:

Consumer confidence snaps back in April, pointing to steadily growing economy
(DBN)

The economy is booming, but young workers are miserable
(DBN)

U.S. Banks’ Bad-Debt Pile Creeps Higher With Credit-Card Losses
(DBN)

Americans say it’s easier to find a job now than at any time in the past 18 years
(DBN)

Trump calls on Fed to cut rates by 1% and urges more quantitative easing • The case for the Fed to keep an interest-rate hike on the table revolves around financial stability • Trump Wants the Fed to Cut Interest Rates by a Full Point. He Should Be Happy It’s on Hold. • Powell will try not to draw ire of Trump or rock markets after Fed meeting Wednesday • Trump: Better Fed policies would give economy 'rocket' boost • The Fed could lower an interest-rate target today. Don’t get too excited
(DBN)

What If There's Another Financial Crisis?
(DBN)

Trump pick Stephen Moore’s Fed nomination could be doomed as GOP senators criticize him • Moore predicts he will win Fed seat even as some Republican senators express unease • President's bid to remake Fed faces hurdle: GOP resistance • GOP support for Moore falls apart, leaving Trump's Fed pick with slim chance of confirmation • Senate Republicans raise concerns about Stephen Moore’s sexist writings
(DBN)

Presidential hopefuls are promising workers a $15 minimum wage
(DBN)

Top Wall Street CEOs keep saying their No. 1 fear is a cyberattack that'll take down the financial system
(DBN)

Ray Dalio Bolstering His Capitalism-Must-Be-Reformed Argument
(DBN)

Latest round of U.S.-China trade negotiations underway in Beijing • China Trade Talks Close to Completion • Tariffs Hit Farm Equipment Manufacturers • Ernst: Trump's Tariffs are Overwhelming
(DBN)

Nearly half of college students didn’t have enough money for food last year
(DBN)

President agrees to pursue infrastructure with Democrats as he leans on Fed to cut interest rates • Trump and Democrats’ “excellent,” maybe-doomed meeting on a $2 trillion infrastructure plan, explained • Trump and Democrats apparently have deal on infrastructure, but consider me skeptical • Pelosi, Schumer say they’ve made a pact with Trump on $2 trillion in infrastructure spending, leaving funding in doubt
(DBN)

San Francisco Mayor London Breed to big tech: If you want to hire here, you need to help the homeless, too
(DBN)

Dems said a GOP tax law provision would devastate blue states. That's not happening.
(DBN)

Why ‘the crappiest generation of spoiled idiots’ has every right to be unhappy
(DBN)

Going Public with a Money Losing Business
(DBN)

Private Fixed Investment in Offices, Lodging and Malls Since 1959
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

NAR: Pending Home Sales Index Increased 3.8% in March
(DBN)

Weekly mortgage applications drop 4.3%, despite lower interest rates • MBA: Mortgage Applications Decreased in Latest Weekly Survey • MBA: Mortgage applications decline further as refinances slide
(DBN)

Blue skies ahead, or is the housing market falling off a cliff?
(DBN)

Case-Shiller: National House Price Index increased 4.0% year-over-year in February
(DBN)

Fannie Mae: Mortgage Serious Delinquency Rate Decreased in March
(DBN)

Real House Prices and Price-to-Rent Ratio in February
(DBN)

Bankruptcy official promises deep dive into Tri-Cities home builder’s business
(DBN)

Company behind $9 million Iowa development files bankruptcy
(DBN)

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Municipalities:

Puerto Rico board files flurry of lawsuits ahead of claim deadline
(DBN)

Board orders Puerto Rico to pay $340M owed to pension system
(DBN)

Senate Republicans reach for deal on disaster aid amid dispute over Puerto Rico
(DBN)

Trump And The Senate Need To Quickly Restore Financial Oversight To Puerto Rico
(DBN)

Puerto Rico fiscal board files over 230 suits to recover some $4.2 billion in gov’t payments
(DBN)

HUD impeding probe into Puerto Rico hurricane aid, agency watchdog says
(DBN)

As Retiree Health-Care Bills Mount, Some States Have a Solution: Stop Paying
(DBN)

Illinois lawmakers face growing challenges to keep 'pension promise'
(DBN)

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Oil/Gas:

Bankrupt energy producer Vanguard says has notched restructuring deal
(DBN)

What Venezuela's unrest means for the gas prices in America
(DBN)

$2.7Bn of Russian Oil Contaminated
(DBN)

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Healthcare:

Medicare-for-All Hearing: Doctor Says It's 'Impossible' to Care For Patients Afraid of 'Bankruptcy' • Medicare-for-all advocates get their first hearing on Capitol Hill
(DBN)

East Bay nonprofit to shut down programs for people with disabilities • Behavioral Health Organization to Lay Off 74 • Files Bankruptcy In ND CA - Petition • Creditor Matrix
(DBN)

Washington County Hospital reopening today
(DBN)

Rural hospital CEOs call for Medicaid expansion
(DBN)

Health care is part of the 'economy' for most voters
(DBN)

$143,000 for a Snakebite? Price Gouging
(DBN)

The explosive US measles outbreak, explained
(DBN)

‘You’re threatening my life’: Iowa voter with pre-existing condition corners GOP senator in heated exchange over killing Obamacare
(DBN)

Suicide attempts using poison have surged among young people
(DBN)

Researchers say there's a simple way to reduce suicides: Increase the minimum wage
(DBN)

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Fashion:

Sonia Rykiel Seeks Bankruptcy Protection in France, Liquidates in the US
(DBN)

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Hedge Funds:

These 9 hedge fund managers made an insane amount of money in 2018
(DBN)

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Student Debt:

57% of Americans who've already paid off their student loans support Elizabeth Warren's plan to cancel 42 million Americans' college debt
(DBN)

A better way to provide relief to student loan borrowers
(DBN)

Conservatives Have a Different Definition of ‘Fair’
(DBN)

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Food/Beverage:

Kona Grill Debtors File In BK DE - First Day Dec
(DBN)

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Football:

AAF tells creditors to stop filing claims, because the now-defunct league has no money • Memphis Express parent says there is no money to pay creditors
(DBN)

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Retailing:

The biggest mall owner in the US ‘can’t guarantee’ there won’t be more retail wreckage this year
(DBN)

Neiman Marcus Creditors May Benefit as Store Explores MyTheresa Options • Neiman Marcus May Sell MyTheresa • Neiman Marcus weighs selling a European asset
(DBN)

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Publishing:

106-year-old firm insolvent as Circle restructures
(DBN)

Ebony, Jet photo archive likely to land in museum
(DBN)

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Staffing:

Pittsburgh staffing firm files for bankruptcy
(DBN)

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Festivals:

Fate of Woodstock 50 is in question
(DBN)

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Maritime:

Louisville-area manufacturer files for Chapter 11 bankruptcy protection
(DBN)

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Pensions:

Senate confirms new PBGC director
(DBN)

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New Bankruptcy Opinions
(7 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (41 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:

Tampa Bay bankruptcy filings continue to rise
(DBN)

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Avoidance Actions:

Are College Tuition Payments Subject to Claw Back by Bankruptcy Trustees? — It Depends.
(DBN)

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Miscellaneous:

Recent Developments In Bankruptcy Law Update
(DBN)

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Turnarounds:

Looking in the Mirror…Liking (Hopefully) What We See!
(DBN)

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Secured Debt:

Secured Creditors Beware: Don’t Think You Can “Ride Through” a Bankruptcy Unaffected
(DBN)

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Recharacterization:

Debt Recharacterization, Etc.: Standing, Standing and More Standing
(DBN)

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Mediation:

The Problem of Mediating While a Court Ruling is Imminent
(DBN)

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Advisors:

Gordon Brothers Names Marti Kopacz Chief Development Officer
(DBN)

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UST:

Nancy J. Gargula to Serve as U.S. Trustee for Florida, Georgia, Puerto Rico and the U.S. Virgin Islands
(DBN)

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Autos:

US SEC commissioner decries agency’s deal with Tesla’s Musk • ‘Math Doesn’t Lie’: Musk Can’t Dodge Tesla Cash Woes Any Longer
(DBN)

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MLM:

More than 100 LuLaRoe sellers have filed for bankruptcy
(DBN)

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Fraud:

April 2019 Ponzi Scheme Roundup
(DBN)

Lori Loughlin reportedly wants to stand trial, sees it as a path to 'redemption'
(DBN)

Prison 'certainly a possibility' for parents in admissions scandal
(DBN)

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Pharma:

Medicare's skyrocketing specialty drug spending
(DBN)

Child Seizure Drug Jumped 97,000%
(DBN)

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Personal Finance:

Women who earn more than their husbands find another glass ceiling at home
(DBN)

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Climate:

America is warming fast. See how your city’s weather will be different in just one generation
(DBN)

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Media:

New Chapter 11 Bankruptcy Filing - Fuse LLC (a/k/a Fuse Media)
(DBN)

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Coal:

Billionaire's Bid For Kemmerer Mine Falls Through
(DBN)

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UK:

Brexit – impact on insolvency – where are we now we’re delayed?
(DBN)

Small business insolvency rises by 6pc in first quarter • Rise in corporate insolvency rates in Q1
(DBN)

Total individual insolvencies fell 8.1% to 31,527 in Q1 this year from an eight year high in Q4 2018
(DBN)

St Andrews r--- victim condemns Stephen Coxen bankruptcy
(DBN)

U.K. court sentences Julian Assange to 50 weeks in prison
(DBN)

Restoration of HMRC as a secondary preferential creditor – pensions implications
(DBN)

Cardiff student development firm owed creditors almost £16m
(DBN)

Debenhams demands business rate cuts ahead of creditor vote
(DBN)

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PIIGS:

Deadline set to be extended for Alitalia rescue plan
(DBN)

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Canada:

What's in a name? Priority issues under postponement, subordination and intercreditor agreements
(DBN)

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India:

Anil Ambani’s RCom enters bankruptcy again in an attempt to sell its assets • Former Billionaire Anil Ambani’s RCom Enters Bankruptcy Again
(DBN)

2 years of Insolvency and Bankruptcy Code: Resolution a distant goal
(DBN)

Insolvency proceedings: Defaulting promoters may get chance to come back
(DBN)

Jet Airways crisis: Employees lose medical cover as airline fails to pay premium • Is this the worst time to be an aviation professional in India? • Yes Bank Shares Plunge 30 Percent as Jet Airways Exposure Hurts
(DBN)

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Venezuela:

Venezuela's opposition exchanges gunfire with regime soldiers after declaring a military coup to force out President Nicolás Maduro • Military Runs Over Protesters in Venezuela • A timeline of the political crisis in Venezuela, which began with claims of election rigging and has now led to an attempted military coup
(DBN)

Venezuela: Trump-backed Guaido calls for military uprising and Maduro’s ouster • Dozens wounded in clashes as Venezuelan opposition leader Guaidó, with troops, announces 'final phase' against Maduro • Venezuela's high-risk uprising • What Is a Coup? In Venezuela, Guaidó and Maduro Disagree • Marco Rubio Urges Venezuela Revolution as Guaidó Declares 'Final Phase' • Pompeo says Russians convinced Venezuela's Maduro not to flee • All the times Venezuela's security forces have tried to overthrow Maduro and Chávez • Did Trump fumble an uprising in Venezuela?
(DBN)

Colombia Is Losing the Race Against the Venezuelan Migrant Crisis
(DBN)

Who is Leopoldo López, the newly freed opposition leader behind Venezuela's uprising?
(DBN)

Trump threatens 'complete embargo' and 'highest-level sanctions' against Cuba over Venezuela
(DBN)

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MENA:

Saudi Arabia's national pollsters claimed that the country has absolutely no gender discrimination
(DBN)

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Australia:

Bankrupt City Pacific boss Phil Sullivan looking to axe his trustees
(DBN)

Deal-maker Michael Fotios resigns from directorships after being declared bankrupt
(DBN)

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Turkey:

Legal Concepts of Restructuring in Turkey
(DBN)

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ASEAN:

The Need for ASEAN to Reform its Insolvency and Restructuring Law,
(DBN)

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Poland:

New Consumer Bankruptcy in Poland – A New Start Not Only for the Consumer?
(DBN)

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