May 24, 2019

The Daily Bankruptcy News

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Due to the Memorial Day holiday, The Daily Bankruptcy News will not publish on Monday May 27, 2019



Law:

Median pay for new associates jumps nearly 15%, NALP survey says 70 Percent Of Biglaw Firms Are Not On Board With $190K For First Year Associates
(DBN)

Paul, Weiss used NDAs on all female witnesses in bullying claim
(DBN)

Biglaw Firm Changes Course On Mandatory Arbitration… For A Limited Time
(DBN)

What? Firms Bend Rules to Hire Client's Relatives?
(DBN)

The Law Schools Where The Most Graduates Got State Clerkships (2018)
(DBN)

Washington Post SHOCKED To Learn Lawyer Billed Clients For Lawyering
(DBN)

Kirkland Teaches Associates Deposition Skills Through Practice, Preparation
(DBN)

The Law School Going Around Paying A Bunch Of Its Graduates
(DBN)

Ex-Big Law Partner Sues Equinox for $10M After Public Lewdness Charge Dismissed
(DBN)

Judge Andrew Napolitano: Amash Is Right Republican Justin Amash outlines his 6 reasons for impeaching Trump
(DBN)

New York Litigator Frank Ryan to Take Over as Chairman of DLA Piper
(DBN)

Lawyer leaves KPMG after 'false' allegation of harassment
(DBN)

Law grad claims that good-looks made her unemployable
(DBN)

The Power Players That Dominate Chapter 11 Bankruptcy
(DBN)

Referral Relationships Are as Important—and Scrutinized—as Ever
(DBN)

Aug. 1 Hearing Could Resolve Case to Eradicate Mandatory Bar Dues in Texas
(DBN)

Washington State Bar Decides Against Malpractice Insurance Mandate
(DBN)

Résumés II: Electric Boogaloo
(DBN)

Federalist Society’s Leonard Leo helped raise $250M to promote judges and causes
(DBN)

The benefits of 21st-century word processing tools for lawyers
(DBN)

Comparing Costs: Price Wars In Legal Research Mean Deals For Small Firms
(DBN)

Lawyers in Reed Smith Suicide Case Dispute Reach of New SCOTUS Pharma Ruling
(DBN)

Bank CEO Stephen M. Calk Charged With Corruptly Soliciting A Presidential Administration Position In Exchange For Approving $16 Million In Loans Federal Savings Bank CEO Stephen Calk charged with soliciting Manafort for Trump admin job Banker charged with lending millions to Paul Manafort in exchange for Trump job Former Chicago Bank Charged With Bribing The Wrong Trump Transition Official For Job He Never Got
(DBN)

DC Circuit Judges Rao, Millett and Tatel Will Hear Trump Subpoena Case July 12 Another judge rules against Trump in subpoena battle; this time fight is over bank records 2 Supreme Court Rulings Played Key Role in Subpoena Order Against Trump Judges Fast-Track Trump Records Case
(DBN)

Trump-Appointed Judge Wrestles With US House's Standing in Lawsuit Over Border Wall DOJ Claims Congress Can't Sue White House
(DBN)

Emails Show Paul Manafort’s Desperate Efforts To Get Jeff Sessions A Black Friend
(DBN)

Harvey Weinstein accusers reach $44M deal over alleged misconduct Harvey Weinstein's $44 Million Settlement What's Next for Harvey Weinstein?
(DBN)

Did Michael Avenatti Steal Stormy’s Book Advance?
(DBN)

Trump orders declassification of information related to origins of Russia probe Trump gives Barr power to declassify intelligence related to Russia probe Trump's Cover Up Accelerates
(DBN)

Trump is said to be telling confidants he 'finally' has 'my attorney general' with William Barr
(DBN)

Trump Escalates Probe of Intel Agencies Trump clears way for investigation into ‘spying’ on his campaign
(DBN)

Truth Behind the Trump Tower Moscow Deal
(DBN)

Nadler: Mueller Wants Private Hearings 'We'd See a Transcript'
(DBN)

CEO of small Florida bank loaned Trump millions in 2018, then got Federal Reserve post
(DBN)

Chicago judge orders ‘Empire’ actor Jussie Smollett’s case file be unsealed
(DBN)

US veterans are disgusted by Trump’s sympathy for accused war criminals War-Crime Pardons Dishonor Fallen Heroes
(DBN)

Trump to Bill Sponsors for Immigrants' Welfare Benefits Trump Pushes GOP Donor to Build Wall Border Patrol Reports Sixth Child Death in Six Months Trump tries to steer border wall deal to North Dakota firm
(DBN)

Julian Assange indicted on 17 new counts under Espionage Act Wikileaks says Julian Assange could face 175 years in prison after US files 17 new charges against him
(DBN)

Trainee pulled up for calling opposing lawyers 'imbecilic'
(DBN)

'Look Who's Leaving—All the Black People!'
(DBN)

Lawyer shows off nunchuk skills
(DBN)

Florida State Rep. Says God Has Told Him To Introduce Abortion Bill
(DBN)

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Judges:

Ouch. Judge Koh Names and Shames Qualcomm In-House Lawyers
(DBN)

Judge placed on leave pending investigation into shooting of estranged husband
(DBN)

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Wall Street:

U.S. stock futures rise on signs Trump administration could soften Huawei stance
(DBN)

Stocks close lower as investors brace for a protracted U.S.-China trade standoff
(DBN)

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Layoffs:

Permian Basin oil producer cuts 230 jobs
(DBN)

NJ: School layoffs hit 128
(DBN)

Detroit: DMC begins new round of 117 layoffs
(DBN)

Fruit of the Loom, Inc. announces 100 layoffs
(DBN)

Watch Ford's delivery robot that walks on two legs like a human
(DBN)

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Politics:

Elizabeth Warren and Alexandria Ocasio-Cortez target Treasury Secretary Steven Mnuchin over Sears bankruptcy
(DBN)

Elizabeth Warren’s white lies catching up to her
(DBN)

House Speaker Pelosi says Trump’s family or staff should do an ‘intervention’ Trump calls himself an 'extremely stable genius,' while responding to Pelosi criticism Trump wants everyone to know he is extremely calm and Pelosi is the “crazy” one Roosevelt Room Rancor as Trump Trash-Talks Pelosi
(DBN)

Trump Claims He ‘Doesn’t Do Cover-Ups,’ But Biglaw Attorney Helps Set The Record Straight On That
(DBN)

Altered Pelosi video spreading on social media Trump shares misleading video suggesting Nancy Pelosi is having trouble speaking
(DBN)

Trump takes aim at Biden as top target Joe Biden on migrant kids who died in U.S. custody: "It's not who we are"
(DBN)

Which 2020 candidates have qualified for the debates
(DBN)

Why the Democrats’ long game on impeachment is working Trump’s Impeachment Finger Trap Tom Steyer Hears the Impeachment Calls Getting Louder Too What Rep. Justin Amash’s call for Trump’s impeachment showed about the Republican Party Another Republican Calls for Impeachment
(DBN)

Holding Trump accountable is a pocketbook issue
(DBN)

Donald Trump Jr. lands a book deal
(DBN)

No Longer Powerful, Bill and Hillary Clinton Try to Make a Life in Exile
(DBN)

Mormon Utah Lawmaker Says He's Gay in Viral Facebook Video Post
(DBN)

Killing Electoral College a Road to Serfdom
(DBN)

MD: 'This has no place here:' new House speaker calls for removal of Confederate plaque
(DBN)

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Economy:

The Dire State of America's Middle Class
(DBN)

Millions of Americans are only $400 away from financial hardship. Here’s why
(DBN)

Weekly Initial Unemployment Claims Decrease to 211,000 U.S. jobless claims dip to 211,000, hover near half-century low
(DBN)

New Fed survey finds Americans in better financial shape as expansion continues
(DBN)

Why the Fed should ignore calls to cut interest rates because inflation is too low
(DBN)

Kansas City Fed: "Growth in Tenth District Manufacturing Activity Continued at a Modest Pace"
(DBN)

Meet Trump’s Fed Plan C
(DBN)

Business Spending to Continue Despite Slower Economic Growth
(DBN)

Could you use $831? That what Trump’s latest tariff increase will cost the average American household Trump repeats the false claim that China pays tariffs, after rolling out a $16 billion bailout package for farmers US companies pay 'almost entirely' for tariffs on Chinese products, new IMF study shows — blowing a massive hole in Trump's favorite justification for the trade war IMF: So Far Importers Have Covered Tariffs The Real Cost of Trump's Tariffs This is what Trump’s latest tariff increase will cost the typical American household The Forever Trade War Wall Street is becoming convinced the trade war is here to stay and will only get worse 10-year yield falls to lowest level since 2017 as traders prepare for long trade battle Oil plunges 6% as US-China trade dispute heats up, Iran tension cools China has a silver bullet in its trade-war arsenal U.S. may expand list of blacklisted Chinese companies Escalating US-China trade threats stagger global markets; Dow slumps more than 400 Trump's aluminum tariffs harm the beer industry Trump: Huawei Can be Dealt with in New Trade Deal Trump contradicts himself on Huawei in a single sentence; says firm is huge security threat but could also be bargaining chip in China trade war GOP governors try to balance their ties with China with support for Trump
(DBN)

Trump administration to give $16 billion in aid to farmers
(DBN)

Senator Bernie Sanders’ Proposed Stock-Trade Tax Is Still a Non-Starter
(DBN)

Young people blame climate change for their small 401(k) balances
(DBN)

The City That’s Giving People Money
(DBN)

Only 2 States Not Prepared for Next Recession
(DBN)

These Americans had a 40-point drop in their credit score after the Great Recession (and it’s yet to recover)
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

New Home Sales decreased to 673,000 Annual Rate in April, March Revised up to New Cycle High Sales of new homes drop 6.9% in April from March's 11-year high A few Comments on April New Home Sales
(DBN)

Mortgage rates match the lowest levels of 2019 as trade war heats up
(DBN)

Despite rock-bottom mortgage rates, homebuying stalled in April. It shows how the housing recovery has left many out in the cold.
(DBN)

"Mortgage Rates Drop Quickly as Market Panic Sets In"
(DBN)

Manhattan pending home sales surge as prices drop to 2015 level, StreetEasy report says
(DBN)

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Municipalities:

Senate passes last-minute $19.1 billion disaster relief package Aid Package OK'd Without Wall Funding
(DBN)

Puerto Rico Fiscal Board Files $392M in Claims Against ERS Bondholders
(DBN)

U.S. gov’t should not pay Puerto Rico debt, Justice Department says
(DBN)

Puerto Rico gov says he will do whatever it takes to avoid cutting pensions
(DBN)

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Oil/Gas:

New Delaware Chapter 11 Filing – PWR Oil & Gas General Partners, Inc.
(DBN)

Goldman Credit Traders Slip Up in Oil Company's Surprise Bust
(DBN)

Oil is nearing its biggest weekly loss this year as demand and trade-war woes combine in a 'recipe for disaster'
(DBN)

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Retailing:

Did Mnuchin Help Eddie Lampert Steal $2Bn? Warren, Ocasio-Cortez Unleash Fury Over Steve Mnuchin’s Role In Sears Downfall Ocasio-Cortez, Warren grill Mnuchin for role in Sears bankruptcy Warren, Ocasio-Cortez press Mnuchin for answers on Sears bankruptcy
(DBN)

Tops Markets after bankruptcy: 'We're getting back up on our feet'
(DBN)

Unsecured creditors aim to probe 'suspect' deals at retailer Payless
(DBN)

Foot Locker profit profit and sales miss estimates
(DBN)

Arcadia in US bankruptcy filing, Topshop liquidation starts soon despite sale hopes - report
(DBN)

Things Look Bleak for JCPenney as Experts Predict More Store Closings in 2019
(DBN)

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Autos:

Auto parts and technology company Bosch fined $100 million for role in the diesel emissions scandal
(DBN)

Tesla just snapped a losing streak that wiped out nearly $7 billion in investor wealth. 5 striking stats put its plunge into perspective Musk Email: Record Deliveries in Q2
(DBN)

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Fraud:

Firm tied to political donor to pay $110M in federal probe
(DBN)

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Crypto:

HitBTC insolvency brought into question as new research points to red flags
(DBN)

Is Cryptocurrency What Makes Ransomware Possible?
(DBN)

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Healthcare:

Colorado becomes first state to cap cost of insulin
(DBN)

American Pain Society Likely to File for Bankruptcy
(DBN)

This is what it was like to perform abortions before Roe
(DBN)

Congress wants to stop surprise medical bills. But they have one big problem left to solve.
(DBN)

Chart: High Cost of Employer Health Care
(DBN)

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Personal Finance:

Changing this one thing in your marriage dramatically increases the risk of divorce
(DBN)

I'm a bartender who's witnessed countless first dates — here are all the things you're doing wrong
(DBN)

Disgruntled millennials are now haggling in job interviews, hotels and airports
(DBN)

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Education:

Runaway cost of college hurts Americans more than the China trade war: Brett Arends
(DBN)

The Education Scandal That's Bigger Than Varsity Blues
(DBN)

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Pharma:

McKinsey No Longer Consulting for Purdue, Ends Opioid Work
(DBN)

This May Hurt a Little (Or a Lot) as Opioids Haunt Pharma Bonds
(DBN)

Fact-checking Donald Trump's claim that drug prices are going down
(DBN)

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Newspapers:

Philadelphia Inquirer offers buyouts, citing revenue decline
(DBN)

Owner of Bend Bulletin to dissolve company
(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 (11 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (15 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:

Counting Healthcare Chapter 11 Filings: Are There More Than Expected?
(DBN)

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Consignments:

Delaware Bankruptcy Court Denies Consignment Seller’s Secured Position Due To Insufficient Notice
(DBN)

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IP:

Rejected Executory Contracts Made Simple: Mission v. Tempnology
(DBN)

Supreme Court Resolves Trademark Treatment Following Rejection in Bankruptcy
(DBN)

Supreme Court Settles Split: Trademark License Rejection Under Bankruptcy Code Does Not Extinguish Licensee’s Rights
(DBN)

Supreme Court Holds Trademark License Not Terminated Upon Rejection in Bankruptcy
(DBN)

Trademark Licenses . . . Again (Update No. 7): The Supreme Court Decides! (Part 1)
(DBN)

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341 Meetings:

Limitations on the Utility of Testimony Elicited During a Section 341 Meeting
(DBN)

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TBTF:

Bank bailouts propped up the financial system, but we should never repeat them
(DBN)

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Coal:

Cloud Peak’s Bankruptcy: The Winners and Losers
(DBN)

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Aviation:

Southwest Airlines is going to allow people who don't want to fly on the Boeing 737 Max to switch planes for free
(DBN)

Boeing may have to wait longer before 737 MAX flights resume globally
(DBN)

FAA: Ignore Critical Plane Problems
(DBN)

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Agribusiness:

Farmers Reject Trump's $16 Billion Bailout; Call It 'Poor Remedy for Trade'
(DBN)

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Religion:

Church foreclosure sale today
(DBN)

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Guns:

Smith & Wesson, Other Gunmakers Must Face Indiana City’s Suit
(DBN)

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UK:

British Steel Goes Insolvent, Blaming Brexit MPs to question British Steel owners after collapse New Government plan could rescue British Steel and safeguard 25,000 jobs The British Steel scandal is a corporate disaster entirely made in the UK
(DBN)

Theresa May will resign as U.K. prime minister Theresa May to resign as party leader, make way for new British prime minister Theresa May resigns as UK prime minister, admitting failure in her quest to get Britain out of the EU Brexit has finally brought down Theresa May No Matter What, Farage Has Already Won 'A matter of deep regret': Read Theresa May's resignation speech in full May’s legacy will be ‘Theresa who?’ Reaction as U.K. Prime Minister quits Choking back tears, Britain's May says goodbye to Downing Street
(DBN)

Insolvency could have been avoided had the ESFA spotted Hadlow College’s crippling loans in 2017
(DBN)

Court winds-up asset investment company
(DBN)

Struggling Care Worker Becomes Lord of $60 Million English Estate After DNA Test Proves He's Heir
(DBN)

Who’s next? Recent airline collapses and new laws to address the mess
(DBN)

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PIIGS:

EU Court Backs Bond Haircut That Staved Off Greek Default
(DBN)

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Canada:

Canadians' insolvency problems might not be as bad as everyone thinks
(DBN)

Farmers urged to stay in touch with creditors
(DBN)

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MENA:

Up to 10,000 more troops may head to Middle East The Pentagon’s plan to send up to 10,000 troops to the Middle East is about Iran
(DBN)

Iran supreme leader comments signal strategy shift Russia Slams U.S. 'Warmongering' in Iran As Rouhani Vows No Surrender
(DBN)

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Ukraine:

NBU will be forced to again declare PrivatBank insolvent if court decision to abolish its nationalization executed
(DBN)

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France:

Parent of French retailer Casino enters bankruptcy protection
(DBN)

Parent's bankruptcy loosens its grip on Casino
(DBN)

Casino: Not part of Rally's bankruptcy proceedings
(DBN)

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India:

Modi's Reelection Should Scare Everyone
(DBN)

Jet Airways share skids 8% after Hindujas, Etihad fail to strike a deal A joint bid for Jet Airways could be complicated
(DBN)

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Mexico:

Expats’ Millions in Life Savings Disappear From Mexican Bank Accounts
(DBN)

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