May 9, 2019

The Daily Bankruptcy News

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Law:

The Biglaw Firm Tearing Up The Rankings
(DBN)

Kamala Harris Stands Up To Support Underfunded, Overworked Public Defenders
(DBN)

Milberg Claims Firm Cheated Out of $12M Fee in Argentine Bond Case
(DBN)

Lawyer Reaping Millions Over Decades as a Cut of Tax Incentives
(DBN)

Ex-Davis Wright Lawyer Wins Disability Benefits From Standard
(DBN)

Helping Attorneys, Professional Staff Achieve Wellbeing Through Optimism
(DBN)

Let’s Create A New Law School Because We Certainly Don’t Have Too Many Of Those
(DBN)

58% of Young Lawyers Think Legal Profession Is 'Less Desirable', Bar Survey Finds
(DBN)

More Dirty Tactics Lawyers Should Rarely Use
(DBN)

Unlicensed Federal Prosecutor Doesn't Doom Case, DOJ Tells Supreme Court
(DBN)

NY Senate advances bill allowing Congress to obtain Trump's state tax returns Pelosi says revelations about Trump's finances show need to see his tax returns
(DBN)

Senate Intel subpoenas Trump Jr. over Russia matters Donald Trump Jr.'s Senate Intel subpoena faces GOP backlash Schiff: House Intelligence Committee may subpoena Donald Trump Jr.
(DBN)

Executive Privilege Isn’t a Magic Wand to Protect Trump
(DBN)

Former National Security Adviser H.R. McMaster: Some Trump Advisers Are a ‘Danger to the Constitution’
(DBN)

House panel votes to hold AG Barr in contempt over Mueller report The Rarely Used Power That Could Force William Barr’s Hand Congress Has Few Options to Deal with Barr Barr Was Just Held in Contempt, as the Case Against Eric Holder Drags On Trump asserts executive privilege to keep full Mueller report secret from Congress as his AG Bill Barr is held in contempt for refusing to hand it over Heading for constitutional convulsions House panel recommends contempt for Barr after Trump asserts privilege; is constitutional crisis ahead? White House asserts executive privilege over full Mueller report Giuliani: Those 700 prosecutors shouldn't opine on a case they didn't investigate Poll: Little Support for Barr on Mueller Report Americans failed to check Trump’s worst impulses—now they may not be able to stop him Nadler calls Trump's administration "lawless" for its subpoena stance
(DBN)

Steele's Pre-FISA Confession on Trump
(DBN)

Kellyanne Has to Learn About the Hatch Act
(DBN)

Trump lawyers call Congress' demands for his tax returns, financial statements 'unconstitutional'
(DBN)

R. Kelly’s attorneys claim the singer can’t read
(DBN)

Kim Kardashian To Star In Documentary About Law School, Inmate Justice Work
(DBN)

Alabama Pushes Hard Core Abortion Law
(DBN)

One Los Angeles Home, 1,000 Guns Seized More Florida teachers can carry guns, as governor approves bill
(DBN)

‘Not Built for This’: U.S. Border Struggles to Handle Crush of Migrant Families From the border, more frustrating immigration numbers for President Trump 9th Circuit allows remain-in-Mexico policy for asylum-seekers to continue pending appeal Trump Jokes About Shooting Migrants at the Border at Florida Rally
(DBN)

Miami Man Accused Of Threatening To 'Explode Jewish Community' Second Jewish Man Assaulted in Brooklyn Area of New York in Matter of Days Jewish Brexit Party Candidate's Factory Daubed with Giant Swastika Graffiti Anti-Semitic Assaults in U.S. Doubled Between 2013 and 2018
(DBN)

FBI: 850 open investigations into domestic terrorism 40 Percent of Open Domestic Terror Probes Focus on Racially Motivated Plots
(DBN)

Bartender charged with selling liquor to intoxicated man before he shot and killed 8 people
(DBN)

Arrested for His Obscene Bumper Sticker
(DBN)

The strange tale of the ‘Voodoo reverend’ and Harper Lee’s lost true-crime book
(DBN)

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Judges:

In first major appearance since confirmation, Kavanaugh stresses civility and independence The Kavanaugh Rehabilitation Tour Continues With A Dumbfounded Anthony Kennedy
(DBN)

2 suspects arrested in White Castle shooting of 2 judges
(DBN)

Trump Closer to ‘Flipping’ N.Y.-Based Appeals Court
(DBN)

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Wall Street:

Dow futures drop over 200 points after Trump claims China ‘broke the deal’
(DBN)

World shares sink as U.S.-China trade talks go to the wire
(DBN)

Stocks close little changed in volatile trading day as investors unsure of trade deal outcome
(DBN)

The U.S. stock market’s uptrend has been shattered, according to technical analysis
(DBN)

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Layoffs:

Company: We didn’t tell truckers about shutdown because we wanted to get paid
(DBN)

More than 7,000 Robots Will Work in Construction by 2025, Report Says
(DBN)

Nearly 200 Sacramento school teachers getting laid off
(DBN)

NFL Network shows slashed, tensions rise after $20M cuts
(DBN)

Trump’s ‘Great News’ Lands With Thud on Abandoned GM Plant Floor
(DBN)

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Politics:

Trump explains his businesses lost so much because . . . tax avoidance Trump Says $1.17 Billion Losses Were ‘Sport,’ Sound Tax Policy Trump: I Lost That Billion on Purpose Trump hits back at bombshell New York Times report exposing he lost $1 billion over a decade, claiming 'almost all real estate developers' did the same thing Trump is justified in saying that his billion-plus of tax losses may not have been financial Art of the loss — what blowing a billion tells us about Trump Five takeaways from Trump's reported billion-dollar loss Trump the billion-dollar loser — I was his ghostwriter and I saw it happen The Secret That Was Hiding in Trump’s Taxes
(DBN)

Scam that angered Trump reveals right wing's inner workings
(DBN)

The Mystery of Anthony Scaramucci
(DBN)

Trump says Democrats' probes will drive him to 2020 re-election victory
(DBN)

'I Have a Plan for That.' Elizabeth Warren Is Betting That Americans Are Ready for Her Big Ideas Elizabeth Warren says she wants an America where the family accused of deceptively marketing opioids like OxyContin 'don't get museum wings named after them, they go to jail' Warren will donate money she’s received from the family behind OxyContin Trump bashes Warren, calls on Republicans to vote against Native American land bill Cheat sheet: How Sen. Elizabeth Warren would tackle the opioid crisis Presidential hopeful Sen. Elizabeth Warren unveils $100 billion plan to combat the opioid epidemic What should a left foreign policy look like? An Elizabeth Warren adviser offers his vision Only one 2020 Democrat fully grasps the threat Trump poses
(DBN)

Trump’s Obsession With Joe Biden Takes a New Turn
(DBN)

President Trump's shifting claim that 'we got rid' of the Johnson Amendment
(DBN)

DNC faces new debate minefield
(DBN)

Howard Schultz Has Largely Stopped His Presidential Prep Work
(DBN)

Pennsylvania lawmaker films himself heckling anti-abortion protesters
(DBN)

Nearly half of white Republicans say it bothers them to hear people speaking foreign languages
(DBN)

U.S. Special Forces School Publishes New Guide for Overthrowing Governments
(DBN)

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Crypto:

Hackers stole $40 million of bitcoin from one of the world's largest crypto exchanges
(DBN)

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Student Debt:

How the student loan ‘grace period’ can actually make your debt problem worse
(DBN)

Best cities for people with student loan debt
(DBN)

Parents Owe $89 Billion In Student Loans - Here's What To Do About It
(DBN)

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Personal Finance:

These 16 money wasters are why so many Americans can’t save for retirement
(DBN)

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Retailing:

Sears wanted its new logo to make people think of home and heart, instead some are thinking about Airbnb Sears reveals the symbolism behind its new logo that some people are mocking and comparing to Airbnb
(DBN)

OH: Union Eye Care files for bankruptcy and shuts down, leaving scores of patients and employees behind
(DBN)

Owner of redeveloped SC shopping center is bankrupt
(DBN)

Walmart store managers make $175,000 a year, while other full-time workers make $14.26 an hour
(DBN)

Steinhoff raises questions on future as legal claims mount
(DBN)

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Fraud:

Berkshire Takes Tax Hit as Victim of ‘Ponzi-Type’ Solar Scheme
(DBN)

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Aviation:

Why the Agency that Regulates Boeing Is Under Scrutiny
(DBN)

Struggling helicopter co. issues millions of dollars in exec retention payments
(DBN)

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Travel:

Spirit Airlines Flight Evacuated as Fumes Leave Passengers Dizzy, Nauseous
(DBN)

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Economy:

The Fed is dusting off a QE replacement, last used during World War II
(DBN)

U.S. Consumer Credit Growth in March Was Slowest in Nine Months
(DBN)

Sam Zell says Trump’s desire to slash interest rates could end in ‘a disaster’
(DBN)

Why the Anger, Disbelief Over US Jobs Report?
(DBN)

Eisman Says Recession Would Spur `Massive Losses' in Corporate Debt
(DBN)

China threatens to hit back at the US if Trump follows through with his plan to escalate the trade war Trump’s comments apparently emboldened China to take harder line on trade talks The different universes that the envoys and their nations live in Trade war: Trump says China "broke the deal" during negotiations China says it will take ‘necessary’ countermeasures if US raises tariffs Friday China Still Has Trade Cards They Can Play China says it is prepared to respond to all kinds of outcomes on US trade talks Trump’s tariff deadline looms as Wall Street hedges for all outcomes in trade showdown With Trump threatening to tighten the trade screws, here’s a look at what tariffs have done so far Six reasons why Trump should not start a trade war China has backtracked on nearly all aspects of the US draft trade agreement ‘China has chosen to retreat’ — the U.S. view as negotiations reach critical juncture Trump’s trade fight with China hasn’t affected most Americans so far. Here’s what could change that Cost of Trump trade spat with China to be clearer if fight escalates I employ hundreds of American workers. I'd hire more if not for Trump's tariffs Tariffs on China could hit U.S. hard, too Will Trump Raise Tariffs on China Tomorrow? Trump is underestimating the damage higher tariffs could have on US economy Farmers Take to Road to Protest Tariffs
(DBN)

The US War on Mexican Tomatoes Has Begun
(DBN)

The worldwide Uber strike is a key test for the gig economy
(DBN)

How new research is shaking up the debate about a $15 minimum wage
(DBN)

Division of labor is a big problem at work: Women are asked to do ‘office housework’ by their male co-workers
(DBN)

Chart: The most common jobs, by age and pay
(DBN)

Tax the Rich and More: A Guide to Potential Democratic Plans
(DBN)

Want to Make Money? Work for the Government
(DBN)

Baby Boomers Driving Off Debt Cliff With Expensive Car Loans, According To New Study
(DBN)

Most of America’s Rural Counties Are Doomed to Decline
(DBN)

After men in Spain got paternity leave, they wanted fewer kids
(DBN)

Where Are Texas' Transplants Coming From?
(DBN)

How To Solve America's $100 Trillion Problem Of Wealth Inequality All the billionaires who are sounding off on income inequality
(DBN)

Senators sound alarm over looming budget, shutdown battles
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

When REITs File Bankruptcy: A Case Study
(DBN)

These are the ZIP codes where homeowners hold the most equity
(DBN)

NAHB: Builder Confidence Increased to Record High for the 55+ Housing Market in Q1
(DBN)

Houston Real Estate in April: Sales up 8% YoY, Inventory Up 14%
(DBN)

Las Vegas Real Estate in April: Sales Up 2% YoY, Inventory up 101% YoY
(DBN)

Another real estate evolution: New Redfin program will enable home purchases with no agent
(DBN)

MBA: Mortgage Applications Increased in Latest Weekly Survey
(DBN)

Basket Case: After Longaberger’s bankruptcy, the company’s bizarre headquarters is for sale again
(DBN)

Can tiny-home communities like this one be a solution for middle-class home buyers?
(DBN)

FHFA head says Fannie Mae and Freddie Mac can be released without Congressional consent
(DBN)

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Municipalities:

Puerto Rico fiscal board calls for agreement on owed Paygo pension contributions
(DBN)

Board Requests $ 340M owed to pension system to be paid by Puerto Rico
(DBN)

Under PREPA’s new debt deal, electricity prices will rise 13% by next summer in Puerto Rico
(DBN)

Trump announces $448 million disaster relief package for Florida Trump visits Florida as Hurricane Michael funding remains stalled
(DBN)

Kentucky governor reaches out to lawmakers on pension issue
(DBN)

Tyree Guyton Turned a Detroit Street Into a Museum. Why Is He Taking It Down?
(DBN)

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Oil/Gas:

New Chapter 11 Bankruptcy Filing - Triangle Petroleum Corporation New Delaware Chapter 11 Filing – Triangle Petroleum Corporation
(DBN)

JPMorgan Presses Weatherford Over Debt Load
(DBN)

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Religion:

Priests, nuns must report abuse, cover-ups under groundbreaking new Vatican law
(DBN)

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Healthcare:

Vendors dealt with payment issues in months leading up to Astria bankruptcy Bankruptcy court judge approves $28 million in financing for Astria
(DBN)

Private equity-owned hospital chain files for bankruptcy
(DBN)

New Chapter 11 Bankruptcy Filing - Hospital Acquisition LLC
(DBN)

Are You A "Health Care Business" for Bankruptcy Purposes?
(DBN)

LifeCare Hospitals file for Chapter 11 bankruptcy
(DBN)

Hedge fund manager predicts CHS will go bankrupt
(DBN)

Hope in the drug crisis: New data show prescription opioid use fell at a historic rate last year
(DBN)

GOP legislator attacks top vaccine scientist on Twitter, accusing him of self-enrichment, 'sorcery'
(DBN)

Obesity epidemic is led more by rural than urban populations
(DBN)

High Schooler Who Sued Over Chickenpox Vaccine -- Gets Chickenpox!
(DBN)

How the U.S. health-care system endangers diabetics : A cross-border study
(DBN)

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Pharma:

Drugmakers ordered to start listing medication prices on TV ads New rule on drug prices is asking for lawsuits — literally
(DBN)

Nearly One in Two Americans Takes Prescription Drugs
(DBN)

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Autos:

It looks like Trump just announced GM's plan to sell its Ohio car factory to an electric-truck company — before GM could Trump cheers GM's plans to sell Ohio factory to company with fewer than 100 employees Trump tweet sends penny stock Workhorse surging by more than 90%, crashes website GM to invest $700 million and create 450 jobs in Ohio as it negotiates sale of Lordstown plant
(DBN)

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Education:

The mess that is elite college admissions, explained by a former dean
(DBN)

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Healthcare:

5 reasons primary-care physicians no longer want your business
(DBN)

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Resorts:

Resort owners file bankruptcy papers
(DBN)

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Music:

PledgeMusic Is Officially Going Bankrupt — Cofounder Benji Rogers Says “I’m Sorry” PledgeMusic Is Headed for Bankruptcy, Says Crowdfunding Platform's Co-Founder PledgeMusic Sale Falls Through, Bankruptcy Imminent
(DBN)

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Debt Collection:

CFPB Proposes New Rules to Modernize Debt Collection Debt Collectors May Soon Text You
(DBN)

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Timeshares:

Diamond Resorts Pleased to Announce Settlement with 'Timeshare Exit Attorney' in Efforts to Protect Customers
(DBN)

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Agribusiness:

Some news on farm bankruptcies
(DBN)

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Mass Torts:

Bankruptcy Judge Laurie Selber Silverstein issued a bench ruling on the appointment of a legal representative for future talc personal injury claimants today, acknowledged her ruling "departs from a long line of cases."
(DBN)

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Consumer Debt:

An Unexpected Remedy for Delinquent Borrowers: A Second Loan Providing Additional Liquidity to Some Delinquent Borrowers Can Actually be a Win-Win
(DBN)

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New Bankruptcy Opinions
(9 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (Temporarily Unavailable new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (13 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:

April Commercial Bankruptcy Filings 2009-19
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Safe Harbors:

Debtor Is a Financial Institution for Purposes of Settlement Payment Safe Harbor, Rules Southern District of New York
(DBN)

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Discharge:

Breach of Fiduciary Duty Not Dischargeable in Bankruptcy
(DBN)

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Consignments:

Untangling the Web of Consignment Law: The Journey from the Common Law and Article 2 to Revised Article 9
(DBN)

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Sales:

Order in Aid of Sale of a Business: Can the Court Enjoin a Debtor from Competing with the Purchaser?
(DBN)

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Attorney's Fees:

Bankruptcy Court Disallows Secured Lender’s Post-Petition Legal Fees for “Policing” Chapter 11 Case
(DBN)

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Finance:

Structuring U.S. Debt Facilities in Light of New IRS Rules
(DBN)

Investors Suing JPMorgan May Redefine the Leveraged Loan Market
(DBN)

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Labor:

“U Can’t Touch This”: When A Garnished Employee Goes Bankrupt
(DBN)

Pasco fire union seeks bankruptcy court protection; biggest creditors are two firefighters who sued and won.
(DBN)

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Mass Torts:

EPA ignored warnings from its own scientists about asbestos
(DBN)

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Taxis:

Uber, Lyft drivers protest across the US, overseas Uber, Lyft Driver Strike Could Set Off Misclassification Minefield
(DBN)

Uber Showing Growth By Lying About Itself For Smarter Reasons
(DBN)

Uber Doesn't Look Like a $90Bn Company
(DBN)

Uber, Lyft #1 Contributors to SF Congestion
(DBN)

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Climate:

In Alaska, climate change is showing increasing signs of disrupting everyday life
(DBN)

The Big Picture On Reducing CO2 Emissions
(DBN)

A Very Important Climate Fact That No One Knows
(DBN)

S&P Global unveils climate disclosure report
(DBN)

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Coal:

Cloud Peak Energy Races Towards Bankruptcy
(DBN)

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Electricity:

PG&E Probed by Plaintiffs’ Lawyers, SEC
(DBN)

Insurance claims from deadly California wildfires top $12B
(DBN)

FERC Denies Rehearing in PG&E Bankruptcy Dispute, Asserting Parallel Authority to Review the Effects of Rejection
(DBN)

No Easy Solutions for Rising Wildfire Costs in California Last year's wildfires were the most expensive in California history
(DBN)

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Sovereigns:

The rise of ‘sharp power lending’
(DBN)

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UK:

Insolvency figures 'don't reflect the wider Scottish landscape'
(DBN)

Directors' duty to consider the interest of creditors and transactions at an undervalue
(DBN)

Aviation industry riled by ‘insolvency levy’ proposal Airline Insolvency Review: What is it, what are the recommendations and when will passengers see changes? UK airline insolvency review recommends new levy on passengers Publication of the Airline Insolvency Review final report
(DBN)

English soccer club Bolton set for bankruptcy protection
(DBN)

Debenhams to remain in hands of lenders after failed sales process
(DBN)

EU Negotiators: May is Insane and Pathetic
(DBN)

Insolvency specialist promotes experienced operator to partner
(DBN)

Retail Sales "Below Expectation" In April
(DBN)

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PIIGS:

Greek bonds now yield less than Treasurys, and that’s as irrational as it was in 2007
(DBN)

Moody's: Greece's early repayment of IMF loans is credit positive
(DBN)

Greece Lowers Surplus Targets in Test to Deal With Creditors
(DBN)

Creditors inquire into PPC's financial plight
(DBN)

US architect testifies Sean Dunne made all major construction decisions
(DBN)

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India:

Big Four audit firms barred from practicing law, offering legal services
(DBN)

India's incredulous data: Economists create own benchmarks
(DBN)

Three years of IBC: India has come far, but still a long way to go
(DBN)

India’s financial crime agency is investigating Etihad’s 2014 investment in Jet’s loyalty programme
(DBN)

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Australia:

Sydney developer Merhis denies phoenixing, insolvent trading
(DBN)

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Russia:

Gazprom subsidiary seeks for bankruptcy of notorious Moscow confectionary
(DBN)

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Venezuela:

Venezuela is paying its bondholders*
(DBN)

Trump's secretary of state slams Jeremy Corbyn's support for Nicolás Maduro as 'disgusting'
(DBN)

Trump Says U.S. Underestimated Venezuela's 'Tough Cookie' Maduro: Report
(DBN)

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MENA:

UAE’s bankruptcy and financial restructuring law supports FDI
(DBN)

Trump imposes sanctions on Iran's iron and steel industries
(DBN)

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Switzerland:

Switzerland: Restructuring & Insolvency
(DBN)

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Brazil:

Brazil's economy on an extremely slow start in the second quarter
(DBN)

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China:

HNA's Hong Kong spat is a sign of worse to come
(DBN)

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Bahamas:

The Extraterritorial Effect of Clawback claims in Insolvency Proceedings – The Bahamas Experience
(DBN)

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