May 30, 2019

The Daily Bankruptcy News

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Law:

Plaintiffs Throw Shade At Jones Day In Gender Discrimination Lawsuit
(DBN)

The Danger In Always Being Busy
(DBN)

Kirkland & Ellis Starts New Firmwide Wellness Program Kirkland Hires Lawyer Turned Therapist to Lead New Wellness Effort
(DBN)

Hogan Lovells Adds Restructuring Partner To L.A. Office
(DBN)

That Loneliness You Feel As A Lawyer? That’s Real, And It’s Crushing
(DBN)

Law Firms on Sidelines of Structural Change While New Players Take Field
(DBN)

The Importance of Having a Mentor in the Legal Profession
(DBN)

Nearing his 100th birthday, former district attorney says it’s too late to retire
(DBN)

What Can You Learn About A Law Firm From Glassdoor?
(DBN)

How To Tell If Your Adversary Is Full Of… Bad Arguments
(DBN)

From Frozen Eggs to Flextime, Women Lawyers Fight for Family
(DBN)

To Make Partner, Slow and Steady Does It
(DBN)

Jokes About Private Jets and ‘Breaking Bad’ Schemes Haunt PE Firm in Suit
(DBN)

Lawyer pleads guilty to embezzlement from bankruptcy client
(DBN)

Cravath in Talks for Manhattan West Move Amid Law Firm Real Estate Flurry
(DBN)

For Law Firms, Newly Wealthy Startup Clients Bring in Big Business
(DBN)

Budd Larner Expected to Close This Summer, Sources Say
(DBN)

5 Attorneys On Being The Only Woman In The Room
(DBN)

Mueller says charging Trump was ‘not an option’; says he won’t expand on report if he testifies to Congress Mueller: ‘If we had had confidence that’ Trump ‘did not commit a crime, we would have said so’ Jerrold Nadler Backs Away From Threat to Subpoena Mueller's Testimony Apropos Of Nothing In Particular, Let’s Talk About Robert Mueller Napolitano: Mueller's remarks on Russia probe are not good news for President Trump Read Robert Mueller’s full remarks on the special counsel’s investigation A 1973 Memo Stops Indictments of President Mueller laid out 2 reasons for why he investigated Trump even though he knew he couldn't charge him. Both of them are bad news for the president. Explore a detailed view of the Mueller report Mueller says he's resigning from the Justice Department and officially closing the Russia investigation Robert Mueller announced his first public appearance in 2 years and the memes and jokes came pouring in Trump responds to special counsel Robert Mueller’s statement: ‘The case is closed!’ No Mr. President, That's Not What Mueller Said President maintains innocence as Mueller stresses he did not exonerate him How to Silence a White House The Mueller probe is over, but here are 6 active congressional investigations into Trump The Obstruction Mess Was Preordained
(DBN)

FactCheck: What counts as a high crime or misdemeanor for impeachment?
(DBN)

Mueller Indicted the Media
(DBN)

Dossier Author Out on Helping AG Probe
(DBN)

Can a Sitting President be Prosecuted?
(DBN)

DOJ Agrees To Release Of Documents Related To Mueller Court Activity
(DBN)

'I wanted to see how far I could get': Teen sneaked past Secret Service into Mar-a-Lago while Trump was there, court documents say
(DBN)

Man sets himself on fire near White House
(DBN)

House subpoenas for Trump's bank records put on hold while president appeals
(DBN)

As abortion bans multiply, some states move to affirm a woman's right to choose Democratic governor of Louisiana expected to sign strict abortion ban into law. It's latest state to pass legislation that would ban the procedure after fetal heartbeat detected What Justice Thomas gets wrong about the ties between abortion and eugenics University of Alabama’s Top Donor Pushes Boycott Over Abortion Law Disney May Pull Production from Georgia IN. Abortion Law: Cruel for the Sake of Cruelty
(DBN)

The border wall GoFundMe finally broke ground. Then a cease-and-desist order arrived Immigration Chiefs Purged, No Replacements NSA's Targeting System for Wars Now Deployed at Border
(DBN)

Judge sanctions lawyer and clients $220K for alleged misconduct in guardianship case
(DBN)

Former BigLaw partner dies on Mount Everest; he was member of ‘seven summit club,’ brother says
(DBN)

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Judges:

BK CD IL: Attorney Newsletter - May 2019
(DBN)

How McConnell is doing a 180 on Supreme Court vacancies in an election year A smirking Mitch McConnell says 'Oh, we'd fill' a Supreme Court vacancy if one opens in 2020 Mitch McConnell’s Grand Plan Was Obvious All Along
(DBN)

Judge suspended for negative comments about Trump and treatment of judicial staffer
(DBN)

Clarence Thomas Knows Nothing of My Work
(DBN)

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Wall Street:

Dow futures edge higher amid escalating trade war concerns
(DBN)

Stocks close lower, on track for 1st monthly loss of 2019
(DBN)

U.S. stocks are dangerously close to a classic ‘sell’ signal
(DBN)

Corporations were the biggest buyers of stock during the bull market, but now they’re selling
(DBN)

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Layoffs:

Eddie Lampert, former Sears CEO, says he shouldn't have to pay severance to laid-off workers
(DBN)

Dozens of dairy workers demand $1 million in alleged unpaid wages from Mabton farm
(DBN)

Job, cost cuts to affect 271 county health workers
(DBN)

Lenovo lays off 500
(DBN)

Remington announces 500 layoffs
(DBN)

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Cannabis:

The 2019 Cannabis Bankruptcy Watch List
(DBN)

Another risk for marijuana biz: no bankruptcy protection, even for tangential players
(DBN)

Marijuana retailer MedMen trims executive compensation as losses continue to widen
(DBN)

Pot delivery company lays off 136 workers
(DBN)

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Electricity:

Ratepayers' bid for representation in PG&E bankruptcy nixed by judge
(DBN)

Federal judge sets September deadline for PG&E reorganization plan
(DBN)

Ohio advances coal, nuclear subsidies after pressure from Trump campaign official Trump Campaign Official Lobbies for Ohio Coal, Nuclear Subsidies
(DBN)

California leaders won't change utilities' liability for now
(DBN)

California water utilities seek relief from fire lawsuits
(DBN)

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Politics:

Amash: Many in the GOP Agree with Me
(DBN)

“I Can’t Get the A------ off the Phone”: In Michael Wolff’s Newest, Everyone—Even Rupert—Thinks Trump Is Beyond Crazy
(DBN)

White House wanted McCain ship away from Trump Trump says he was unaware of effort to move USS John McCain ‘out of sight’
(DBN)

After stumbling, Elizabeth Warren is back on her game
(DBN)

Tillerson on Kushner's Lack of Knowledge
(DBN)

Nancy Pelosi refuses to budge on impeaching Trump amid Democratic outcry The Wisest Remedy Is Not Impeachment
(DBN)

Roy Moore Hits Back at Trump
(DBN)

Donald Trump slammed Obama for using Air Force One for election campaigning. Now he does the same
(DBN)

Comey's new attack on Trump highlights big danger for Democrats
(DBN)

Presidential hopeful Beto O'Rourke offers immigration reform plan Beto O'Rourke proposes a 'sweeping rewrite' of US immigration policy, including a path to citizenship for millions of undocumented immigrants
(DBN)

I wanted to be pro-life. But the pro-life movement forces me to take the other side Nearly half of women who have abortions live below the federal poverty level
(DBN)

Trump promised an auto renaissance. The industry has hit a skid.
(DBN)

Pelosi calls Facebook ‘willing enablers’ of Russian interference after site kept up doctored footage of her
(DBN)

Movement to Ruin Electoral College Picks Up
(DBN)

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Food/Beverage:

Bankrupt San Antonio food company accuses bank of trying to take away business
(DBN)

Beyond Meat is a ‘disruptor’ as plant-based meat industry sales poised to reach $100 billion
(DBN)

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Amusement Parks:

Playland Park Revival Deal May Get Bankruptcy Court Scrutiny
(DBN)

Seven Peaks Waterpark set to open Thursday after bankruptcy concerns
(DBN)

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Student Debt:

4 Years of College, $0 in Debt: How Some Countries Make Higher Education Affordable
(DBN)

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Mass Torts:

Arizona joins states giving abuse victims time to sue
(DBN)

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Buses:

FirstGroup Reaches End of the Line of Greyhound Bus Ride
(DBN)

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Economy:

The market now thinks the Fed will cut rates twice by January 2020
(DBN)

The US slipped to third place in a ranking of most competitive economies
(DBN)

US Treasury yields tick higher amid recession fears
(DBN)

The bond market is freaking out
(DBN)

Morgan Stanley says economy is on ‘recession watch’ as bond market flashes warning
(DBN)

Waning Sentiment for Sale of Small Businesses Signals Market Peak, Survey Finds
(DBN)

The US-China trade war could slash economic output across the world EU Told to Brace for Trump Tariffs ECB warns trade row could hit financial stability if it causes recession Most Don't Know What a Tariff Is These 11 stocks are struggling as the trade war with China heats up ‘Don’t say we didn’t warn you’: A phrase from China signals the trade war could get even worse China Starts Throwing Down on Trade War U.S. trade war with China may turn rare earth elements into economic pawns Ray Dalio warns China restricting rare earth metals would be ‘major escalation’ of trade war We All Need to Calm Down About Rare Earths Stocks could fall 10% if trade talks go south, warns strategist How the U.S. could use oil as a trade-war weapon against China — and how it could backfire Here’s the damage done to the stock market since Trump’s May 5 trade tweet Trump's tariffs are inflicting pain and uncertainty across the market. Comments from very different American companies show how Ray Dalio says brinksmanship is pushing U.S.-China conflict to a ‘risky’ level China says US trade provocations are ‘naked economic terrorism’ US imposes new anti-dumping duties on Chinese mattresses, beer kegs Oil slumps below $58 as U.S.-China trade hostilities escalate Stop Blaming the Trade War for Everything
(DBN)

Trump tax cuts did little to boost economic growth in 2018, study says Brutal New Verdict on Trump Tax Cuts
(DBN)

Even in a strong economy, millions of hardworking Americans are being left behind
(DBN)

Corporate America is narrowly avoiding an earnings recession, but signs of weakness are lurking within the data
(DBN)

Bond flash economic warning as 3-month yield tops 10-year rate by most since financial crisis
(DBN)

Weaker unions, globalization not to blame for shrinking slice of income pie for workers
(DBN)

Record B3 Issuances Are Vulnerable To Downgrades And Default In An Economic Downturn
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Zillow Case-Shiller Forecast: Slower YoY Price Gains in April
(DBN)

REIT Holdings of Mortgage-Backed Securities Since 2002
(DBN)

New Home Inventory Since 1973
(DBN)

Size matters: tracking the economy through new-home square footage
(DBN)

Maryland Governor Signs into Law New Statute Assisting Commercial Lenders Seeking to Obtain Receiverships over Borrowers and/or Real Estate Collateral
(DBN)

Clearing Up A Black Sky, California Supreme Court Expands Creditors’ Deficiency-Judgment Rights
(DBN)

Texas Supreme Court Upholds Contractual Waiver of Statute of Limitations for Deficiency Claims
(DBN)

Hermitage companies file for bankruptcy
(DBN)

This is why dropping your list price can earn you a scarlet letter
(DBN)

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Municipalities:

Republicans turn on each other amid disaster bill delay Disaster victims are left waiting again
(DBN)

Fiscal board refers Puerto Rico entities, towns’ withholding of $4.5M in retirement accounts to Justice
(DBN)

Puerto Rico gives uninsured utility bondholders until Friday to join restructuring agreement
(DBN)

Cities with the Best Quality of Life
(DBN)

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Oil/Gas:

Protecting Oil & Gas Royalty Interests in Energy-Related Bankruptcies
(DBN)

Energy-Related Bankruptcies on the Rise: Protecting Oil & Gas Royalty Interests
(DBN)

New Chapter 11 Bankruptcy Filing - White Star Petroleum Holdings LLC
(DBN)

Helicopter Industry Restructurings Connected to Oil Market
(DBN)

Now It's Called Freedom Gas
(DBN)

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Retailing:

Abercrombie & Fitch shares tank after same-store-sales miss and weak guidance
(DBN)

Why There's No Retail Apocalypse
(DBN)

Walmart is quietly closing stores — here's the full list
(DBN)

Is Camping World Going Bankrupt?
(DBN)

Sears Buyer Wants to Skip $43 Million in Severance Owed to Laid Off Workers Area Man Sues Estate Of Thing He Killed Eddie Lampert and his new Sears company in a fight against the old Sears Battle for Sears Continues as Lampert Files Suit Ahead of Bankruptcy Hearing
(DBN)

Sears Emerges From Bankruptcy With New, Much Smaller Stores
(DBN)

Lands' End to take final steps away from Sears
(DBN)

'There was almost a bit of arrogance': Why Topshop failed in the US
(DBN)

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Climate:

After several quiet years, tornadoes are erupting across the US in what experts are calling an 'outbreak' Tornado activity has risen sharply in 2019
(DBN)

Are you in the path of tornadoes? Trump’s tax reform changes your deduction options
(DBN)

Arkansas River Flood Warnings
(DBN)

Tornado Barrage Leaves Path of Destruction 13 Days and 200 Tornadoes
(DBN)

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Fraud:

Ruth Madoff's $600,000 Deal With Trustee Approved By Judge
(DBN)

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Aviation:

Ethiopian Airlines pilot warned more training was needed weeks before deadly 737 Max crash
(DBN)

Boeing CEO: ‘I personally apologize’ to victims’ families after deadly 737 Max crashes
(DBN)

The Republic Airways Bankruptcy: A Brief Chapter 11 Flyby
(DBN)

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Autos:

Elon Musk's latest leaked email: Tesla must catch up on deliveries Barclays says Tesla is ‘stalling as a niche automaker’ and cuts its price target to $150 Nobody is going to buy Tesla — the company is on its own Who Would Buy Tesla And Why?
(DBN)

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Crypto:

How To Tell If Your Cryptocurrency Will Go Bust
(DBN)

Cobinhood Founder Denies Accusations of Exit Scam or Bankruptcy
(DBN)

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Awards:

IFLR Americas 2019 Awards
(DBN)

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Coal:

Westmoreland bankruptcy filings hit snags, unlikely to derail sale
(DBN)

Shareholders Want Voice In Cloud Peak Bankruptcy
(DBN)

US trustee recommends bankruptcy court deny Cloud Peak's plan to auction assets
(DBN)

Union official optimistic Wyoming miners will keep jobs
(DBN)

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Construction:

Steel company's bankruptcy causes construction delay
(DBN)

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Maritime:

Swiber survives liquidation as creditors approve restructuring
(DBN)

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Ethanol:

Ethanol Industry Suffers A Court Defeat
(DBN)

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Corporate Governance:

Financially Distressed Companies, Restructuring and Creditors’ Interests: What is a Director to Do?
(DBN)

Chancery Denies Indemnification Claim Seeking Recoupment of Advancement
(DBN)

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Corporate Reform:

Feds may allow lenders to exploit the poor, elderly
(DBN)

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Debt Collection:

The Supreme Court’s 2017 FDCPA Rundown
(DBN)

Texas Passes Debt Buyer Legislation Addressing Out-of-Statute Debt
(DBN)

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Taxis:

Uber to Ban Passengers With Low Ratings: 'Respect is a Two-Way Street'
(DBN)

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Travel:

There Are Two Types of Airport People
(DBN)

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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 (18 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:

The Impact of Debt Relief Generosity and Liquid Wealth on Household Bankruptcy
(DBN)

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IP:

Supreme Court says Trademark Licenses Survive Bankruptcy
(DBN)

Experts Discuss the SCOTUS Decision in Tempnology
(DBN)

Supreme Court Resolves Circuit Split on Effect of Rejection of a Trademark Licensing Agreement in Bankruptcy
(DBN)

Bankrupt brands can’t revoke trademark licenses, says SCOTUS
(DBN)

SCOTUS Clarifies What Happens When a Trademark Licensor Files Bankruptcy
(DBN)

You Can't Always Get Back What You Want: Supreme Court Rules Bankrupt Debtor May Not Cut Off Trademark Licensee’s Rights
(DBN)

Triumph for Trademark Licensees: Supreme Court Says Right to Use Trademarks Following Debtor’s Rejection of Licensing Agreement Is Determined By Non-Bankruptcy Law
(DBN)

Supreme Court settles trademark Circuit split
(DBN)

"Rejection" of a Trademark License in Bankruptcy Is a Breach, Not a Rescission
(DBN)

U.S. Supreme Court Rules in Case Affecting Bankrupt Brand Licensors
(DBN)

Supreme Court Adopts a “Rejection-as-Breach” Rule to Allow Licensee to Continue to Use Trademark Following Debtor’s Rejection of License
(DBN)

Supreme Court Adopts a “Rejection-as-Breach” Rule to Allow Licensee to Continue to Use Trademark Following Debtor’s Rejection of License
(DBN)

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Advisors:

Restructuring & Insolvency Advisers 2019: Trends & Conclusions
(DBN)

Award: Restructuring & Insolvency Advisers 2019
(DBN)

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Cross-Border:

Grab the Fire Extinguisher: Comparing UK Schemes of Arrangement to U.S. Corporate Bankruptcy After Jevic
(DBN)

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Appeals:

Finality of Bankruptcy Court Orders for Appeal: U.S. Supreme Court Will Weigh In (Ritzen v. Jackson)
(DBN)

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Exemptions:

Exemption Amounts Increased April 1st 2019
(DBN)

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Automatic Stay:

Channeling Punitive-Damage Awards Under 362(k)
(DBN)

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Discharge:

Bankruptcy Discharge of Debts for Willful and Malicious Injury
(DBN)

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Reopening:

Reopening a Case: Who Can Upset the Apple Cart?
(DBN)

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Plan Confirmation:

Differential Treatment Among and Within Classes of Creditors Under the Insolvency and Bankruptcy Code, 2016: Issues and Suggestions
(DBN)

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Religion:

Pastor condemns Catholic school's recognition of LGBT unions
(DBN)

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Pharma:

Opioid Lawsuits Push American Pain Society to Brink of Bankruptcy Under Pressure From Opioid Lawsuits, One Pain Research Society Considers Bankruptcy
(DBN)

Football Star's Path to an Opioid Overdose Unfolds in Court Father Testifies in J&J Opioid Marketing Trial on Death of His College Football Star Son
(DBN)

Johnson & Johnson used a 'brainwashing campaign' to market opioids, Oklahoma says
(DBN)

'This Case Will Set A Precedent': First Major Opioid Trial Opens In Oklahoma
(DBN)

Supreme Court Denies Cert Petition in Duty to Update Case
(DBN)

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Tech:

Elizabeth Warren's campaign posted a billboard calling for the breakup of Big Tech in the heart of the tech industry
(DBN)

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Religion:

Kenneth Copeland defends use of 3 private planes in interview; ‘It’s a spiritual thing’
(DBN)

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Healthcare:

CA: County mental health provider declares bankruptcy
(DBN)

Judge in Astria bankruptcy case orders company to provide ICU nurses
(DBN)

Youth Treatment Center Shutters, Files for Bankruptcy
(DBN)

Home Depot built a makeshift walker for a toddler, and some people say it reveals a dark truth about health care in America
(DBN)

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Sovereigns:

Global Sovereign Debt Monitor 2019
(DBN)

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UK:

Insolvency Service to help DfE ban rule-breaking trustees
(DBN)

UK's Hammond would back national interest over party in any Brexit confidence vote How Brexit Broke British Politics Who Will be Britain's Next Prime Minister?
(DBN)

Brexit Cuts UK Car Production by Half
(DBN)

Fewer transport businesses at risk of insolvency – R3
(DBN)

FSCS sends out cheques to UK customers of bankrupt Alpha Insurance
(DBN)

UK High Court says no…administrators are not controllers
(DBN)

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Canada:

Canada Goose is plunging after saying it expects 'materially larger losses' this quarter
(DBN)

Alberta Court of Appeal confirms municipal taxes on linear property constitute unsecured claims
(DBN)

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PIIGS:

Lawyer in Sean Dunne case calls couple 'serial misleaders'
(DBN)

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Brazil:

Odebrecht unit preparing bankruptcy filing - source
(DBN)

Brazil ethanol company Atvos says filing for bankruptcy
(DBN)

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Singapore:

Hyflux gets 2-month reprieve, in talks with more investors Hyflux in talks with seven parties; aims to pick suitor by mid-June
(DBN)

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India:

Twist in Jet Airways tale: Shadow of Dutch bankruptcy proceedings on sale process
(DBN)

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South Africa:

Weak South African economy prompting higher debt defaults
(DBN)

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MENA:

Book: Kushner Dismissed Saudi Journalist's Murder—'This Was a Terrorist'
(DBN)

Jordan's King tells Kushner Palestinians must have a state
(DBN)

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Germany:

German Neo-Nazi Party Resurrects 100-Year-Old Anti-Semitic Slogan
(DBN)

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Japan:

Tokyo Keeps Defending WWII Atrocities
(DBN)

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