July 9, 2019

The Daily Bankruptcy News

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Law:

Another Biglaw Firm Gets In The Improved Parental Leave Game
(DBN)

Growth Continues—But More Slowly—for New York's Biggest Firms
(DBN)

4,800 Jobs Created in June 2019 in Legal Services
(DBN)

Lawyer disbarred for claiming paralegal’s work as his own; he regrets only ‘one license to lose’ for clients
(DBN)

Am Law Ranked Firm Changes Branding Without Telling Partners
(DBN)

The Best Biglaw Firms For Minority Attorneys Who Want To Make Partner (2019)
(DBN)

New study adds to debate over racial bias in algorithms widely used in courtrooms
(DBN)

Blue Apron, Roku, Stitch Fix Owe $3 Million to Opposing Counsel
(DBN)

Court Rips 'Legal Artifice' in Kasowitz Firm's Megabillions Whistleblower Case
(DBN)

N.Y. Gov. Cuomo signs bill allowing release of Trump's state tax returns
(DBN)

Prosecutors unseal trafficking charges against Jeffrey Epstein Jeffrey Epstein’s Arrest Forces Us To Ask: Which Dirtbag Lawyers In This Case Will Face Their Own Music? Indictment Alleges Jeffrey Epstein Created ‘Vast Network’ of Underage Victims as Young as 14 Jeffrey Epstein had ‘vast trove of lewd’ photos of young women or girls: Prosecutors Jeffrey Epstein abused and trafficked ‘dozens of minor girls,’ prosecutors charge 'I was 14. I had braces' Jeffrey Epstein ordered jailed until at least Thursday, pleads not guilty Jeffrey Epstein's Victims Speak Out Prosecutors want to seize billionaire Jeffrey Epstein's New York City mansion, according to unsealed child trafficking indictment US Attorney Berman Says SDNY Prosecutors Aren't Bound by Epstein's Nonprosecution Agreement in Florida Jeffrey Epstein Is Out of Luck Pelosi leads calls for Acosta to resign over Epstein's 2008 plea deal Epstein charges renew questions about Trump official's role in 2007 case Trafficking charges against Epstein could rock Trump's Cabinet How Did Jeffrey Epstein Make His Fortune? Epstein Arrest Is a Worry for Donald Trump Trump called Epstein 'terrific guy' before denying relationship with him Bill Clinton claims he ‘knows nothing’ about Jeffrey Epstein’s alleged crimes What did Epstein’s famous friends know and see?
(DBN)

Did Federal Programs Lawyers At DOJ Just Nope Out Of Further Embarrassment Over The Census? Barr sees a way for census to legally ask about citizenship Trump admin steps up push to add citizenship question to 2020 Census The Census Case Could Provoke a Constitutional Crisis Plaintiffs seek to block Justice Department from changing lawyers in census citizenship case Trump Will Likely Lose Census Battle Trump Lied to the Supreme Court, and Four Justices Don’t Care
(DBN)

Democrats seek criminal contempt against William Barr, Wilbur Ross: Report
(DBN)

US AG Creating a Constitutional Crisis
(DBN)

Barr to Trump: Ignore SCOTUS Ruling
(DBN)

White House blocks former aide from answering 212 Judiciary panel questions
(DBN)

Justice Dept. seeks to block Democrats' subpoenas for Trump businesses
(DBN)

Federal grand jury probing GOP fundraiser Elliott Broidy
(DBN)

Now, the parents of Newtown are fighting back
(DBN)

A changing America finally demands that the Central Park Five prosecutors face consequences
(DBN)

Child detention is creating a mental health crisis House to vote on new border bill amid outcry over conditions at migrant detention centers
(DBN)

9th Circuit rules against bikini baristas, rejects their First Amendment empowerment argument Ninth Circuit Doesn’t Buy Nearly Naked Barista ‘Empowerment’ Argument
(DBN)

Thief used 'Jaws of Life' to pry open ATMs
(DBN)

Principal removed after refusing to acknowledge that Holocaust happened
(DBN)

Kevin Spacey Accuser Pleads The 5th After Testifying About Missing Cell Phone
(DBN)

Road Rage: Shoots Husband by Accident
(DBN)

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Judges:

Bankruptcy Judge Up for Reappointment in Augusta
(DBN)

Justice Kennedy's secret meeting with Trump
(DBN)

Ransomware attack hits this state’s court system; no specific ransom demanded
(DBN)

Judge who said he ‘lost track’ of cases is admonished for 3 untimely rulings
(DBN)

Ninth Circuit Close to Having More Trump Judges Than Any Other
(DBN)

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Wall Street:

Stocks are dropping fast as traders fear the Fed could back off from cutting rates Dow futures lower as investors await Powell’s speech
(DBN)

Stocks Close Lower Again
(DBN)

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Layoffs:

‘I wasn’t offered a package’: Deutsche Bank’s cuts begin Deutsche Bank Thanking ‘I8,000 Volunteers’ On Actual Sign Hanging In NYC HQ Today We stood outside Deutsche Bank's New York office as staff who'd just been laid off walked out. Here's what we saw Deutsche Bank Layoffs Hit New York Office
(DBN)

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Banking:

Deutsche Bank shares slump more than 5% as lender gets ready for major overhaul Deutsche Bank cuts mark end to failed bid for global scale Deutsche Bank Predictably Manages To Do The Right Thing In Totally The Wrong Way Deutsche Bank Informing 18,000 People That It’s Basically A Community Bank Now, And Also They Are Fired The one job cut that Germany’s shrinking Deutsche Bank hasn’t made - the one at the top
(DBN)

Wall Street on Deutsche Bank: Restructuring plan may be too ‘radical’ and too ‘optimistic’
(DBN)

What Went Wrong at Deutsche Bank?
(DBN)

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Politics:

Democratic field readies for the big shrink
(DBN)

A new poll shows Trump has a major shot at being reelected in 2020
(DBN)

Elizabeth Warren out-raises Harris, Sanders — turning momentum into money Warren puts Sanders on notice with $19 million fundraising haul
(DBN)

No, Ronald Reagan didn't say meeting Trump felt like “shaking hands with the president”
(DBN)

Former Kansas secretary of state Kris Kobach files to run for Senate GOP Torches Kobach for Senate Runseat
(DBN)

Democrats have moved ‘too far to the left,’ says BET network founder Bob Johnson
(DBN)

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Golf:

Mississippi's oldest golf course files for bankruptcy
(DBN)

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Telecoms:

New Litigation Over The Lease Between Windstream And Uniti Windstream Fights ‘Improper’ Uniti Lease Filing in Chapter 11 Bankruptcy
(DBN)

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Crypto:

Fortress Will Buy Mt Gox Creditors’ Claims for $900 Per Bitcoin Owed
(DBN)

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Taxis:

NYC Toughens Rules for Granting Taxi Licenses to Curb Abuse City vows to crack down on predatory taxi medallion brokers
(DBN)

NYC’s De Blasio Rejects a Rescue for Cabbies Facing Bankruptcy A Bailout for Taxi Drivers? The Mayor Says No, but Others Keep Pushing
(DBN)

Uber Will Take Years to Make a Profit
(DBN)

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Religion:

BAP Agrees: No Bankruptcy for Puerto Rico Church Pension Plan
(DBN)

Michigan Attorney General announces criminal sexual conduct charges against 6th priest
(DBN)

Why the ‘Metropolitan Plan’ Doesn’t Work
(DBN)

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Economy:

$15 minimum wage would boost pay for 17 million but 1.3 million would lose their jobs, CBO says Restaurant Operator Blames Bankruptcy On Wage Hike
(DBN)

US consumer debt jumped to nearly $4.1 trillion in May
(DBN)

Cramer: Powell needs to defend the Fed’s independence on Capitol Hill this week
(DBN)

Congress Is Threatening to Make the Next Financial Crisis Worse
(DBN)

Merrill: "Data cools call for July cuts" The market is still convinced the Fed will cut rates
(DBN)

Morgan Stanley downgrades global stocks: Weak growth to trump easier monetary policy Weaker growth will offset a Fed rate cut — so sell stocks, warns Morgan Stanley
(DBN)

Wealthier Americans were more likely to get heftier tax refunds under new tax law
(DBN)

A major American steelmaker has lost 70% of its market value since Trump slapped steep tariffs on the metal last year
(DBN)

The U.S. Women’s World Cup–winning soccer team will earn just 18 cents on the dollar compared to men Are U.S. women's soccer players really earning less than men?
(DBN)

What Americans really think the government should do to fix Social Security
(DBN)

US-China to Relaunch Trade Talks US approves $2.2 bn arms sale to Taiwan that will enrage China Trump can’t keep tariffs on China and win a second term, says researcher The U.S.-China trade war could spark an Asian labor shortage Chinese tariffs could cause a Bible shortage in the US
(DBN)

Report: US govt could default on debt as soon as September US May Top Debt Limit Sooner Than Forecast, Forcing Congress' Hand
(DBN)

U.S. Heavy Truck Sales up 12% Year-over-year in June, Near All Time High
(DBN)

U.S. Hispanic population reached new high in 2018, but growth has slowed
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

House Prices to National Average Wage Index
(DBN)

Stearns to Implement Comprehensive Financial Restructuring With Support From Blackstone
(DBN)

Flat-fee real estate agency Purplebricks shuttering U.S. business
(DBN)

Seattle Real Estate in June: Sales down 3.5% YoY, Inventory up 69% YoY from Low Levels
(DBN)

Apartment rental demand soars as more millennials believe it’s cheaper than owning a home
(DBN)

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Oil/Gas:

Bankrupt White Star, Baker Hughes wrangle over Guggenheim engagement
(DBN)

Weatherford International Gets Nod to Access $1.5B DIP Financing From Citibank
(DBN)

A Crude Awakening: Explosion On The Schuylkill Brings Philly’s History Of Oil Refineries Into Focus
(DBN)

Hard Times Ahead At Key Energy Services
(DBN)

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Religion:

Poll: Americans rarely seek guidance from clergy
(DBN)

Prominent Detroit priest removed from pulpit
(DBN)

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Electricity:

SJ supes will hear PG&E's power outage plan
(DBN)

Calif. Gov. Newsom Looking to Ease Utility Wildfire Costs
(DBN)

California Senate OKs wildfire proposal with bipartisan vote
(DBN)

Bill tackling utilities’ wildfire risks could raise rates
(DBN)

Pro vs. Con: PG&E’s power shutoff program
(DBN)

California’s big PG&E wildfire bill: What you need to know
(DBN)

PG&E fails to assure safety from wildfire — and now?
(DBN)

California Lawmakers Take Up Key Wildfire Proposals
(DBN)

San Jose mayor calls for more state oversight of PG&E
(DBN)

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Non-Profits:

Bankruptcy could be blessing in disguise for Goodwill stores in, around Danville
(DBN)

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Coal:

Former Blackjewel CEO says he's not a crook
(DBN)

With Hoops out, Blackjewel seeks financing to reopen mines
(DBN)

Judge rejects bankrupt mining company’s financing plan
(DBN)

Neither unemployed nor allowed to work: Blackjewel miners look for relief
(DBN)

New Wyoming coal company abandons mines and miners
(DBN)

Gov. Bevin: Labor Cabinet investigating Blackjewel miners' unpaid wages
(DBN)

Coal’s Demise Gets Messier and Speedier
(DBN)

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Retailing:

Mall Vacancy Rate Since 1980
(DBN)

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Climate:

Directors are in the crosshairs of corporate climate litigation
(DBN)

Rick Perry: Climate is Changing, No Doubt About It
(DBN)

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Newspapers:

Bend Bulletin Must Fire Employees Before Paper Is Sold
(DBN)

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Pharma:

Judge halts Trump administration rule requiring drug prices in TV ads
(DBN)

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Entertainment:

Harvey Weinstein’s Latest New Lawyers Strike No Delay Deal With Judge Over R--- Trial Start Date
(DBN)

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Pensions:

Trump Names PBGC Advisory Committee Members
(DBN)

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Mass Torts:

Illinois Counties Remain Top Jurisdictions for Asbestos Litigation in 2018
(DBN)

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Student Debt:

Aspiring College Students Know 'Shockingly' Little About Financial Aid
(DBN)

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New Bankruptcy Opinions
(1 new opinion today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (14 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (42 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:

Commercial Chapter 11 Filings Increase 5 Percent in First Half over Last Year, Total Filings Nearly Unchanged
(DBN)

Weekly Bankruptcy Claims Trading Activity
(DBN)

Economic cycles, retail struggles drive bankruptcy case load
(DBN)

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Advisors:

The Story McKinsey Didn’t Want Written
(DBN)

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Cannabis:

Garvin and its Aftermath: The Ninth Circuit Upholds a Bankruptcy Plan Contemplating Income From a Cannabis-Related Source and Several Bankruptcy Courts Quickly Weigh In
(DBN)

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Engineered Defaults:

Outrageous Fortune: Making Money by Engineering Defaults
(DBN)

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Indenture Trustees:

Indenture Trustee Duties: The Pre-Default Puzzle
(DBN)

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Third Party Releases:

State of Third-Party Releases - First Energy and Aegean Marine
(DBN)

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Celebs:

Boris Becker auctioning trophies, medals and clothing to pay off bankruptcy debt Becker's missing trophies still taxing bankruptcy trustees
(DBN)

The 'Flipping Exes' baggage Bravo's not talking about: Bankruptcy, lawsuits, late taxes
(DBN)

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Healthcare:

Memory Care strikes deal with landlord to exit bankruptcy
(DBN)

Philadelphia’s Health Care Is Not a Real Estate Commodity: PASNAP Calls on Wolf, Shapiro and Kenney to Save Hahnemann Hospital
(DBN)

The ACA's fate will again be argued in court Texas Going to Court to End Obamacare The Affordable Care Act Is Back In Court: 5 Facts You Need To Know Federal Appeals Court Takes Up Case That Could Upend U.S. Health System
(DBN)

US life expectancy has been declining. Here’s why
(DBN)

Hospices go unpunished for severe violations, HHS inspector general finds
(DBN)

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Food/Beverage:

Upscale Restaurant Chain Goes Bust, Blaming ‘Progressive’ Wage Laws Restaurants Unlimited declares bankruptcy Portland City Grill parent company files for bankruptcy
(DBN)

Boston Market shutters 10% of stores
(DBN)

Perkins Seeking to Terminate One of Its Largest Franchisees
(DBN)

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Aviation:

For Offshore Helicopter Makers, Its Survival Of The Fittest As Sales Skid Deepens
(DBN)

Struggling helicopter co. hires GE exec as general counsel amid bankruptcy, litigation
(DBN)

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Trucking:

Long-defiant truckers are forced into conformity
(DBN)

Less-than-truckload carrier New Penn to close Pennsylvania headquarters
(DBN)

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Agribusiness:

Farmers Furious with New Ethanol Mandate
(DBN)

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Sovereigns:

Equal Treatment in Sovereign Restructurings
(DBN)

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UK:

British Diplomat Gets Run Over by the Brexit Bus
(DBN)

British Airways faces $230 million fine for customer data theft
(DBN)

U.K. PM's office says ambassador has its support despite Trump threat Donald Trump: we will no longer deal with the British ambassador
(DBN)

HMRC is using “aggressive and unreasonable” behavior to collect the loan charge, say MPs
(DBN)

____________

PIIGS:

Debt-laden Italy seizes moment to borrow more 50-year funds
(DBN)

New Greek government faces swift test from creditors
(DBN)

Greece creditors say no changes in bailout terms for new PM
(DBN)

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Canada:

FTI Consulting Adds Restructuring Expertise in Vancouver with Appointment of Tom Powell
(DBN)

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China:

Heavy Debt Humbles China’s Business Champions, Including the Jewelry Queen
(DBN)

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India:

Monty Python and the unholy fail of Jet Airways Jet Airways Founder Grounded as India Probes $2.6 Billion Fraud
(DBN)

International insolvency in India has a long way to go
(DBN)

More banks likely to have been singed by Bhushan Power fraud
(DBN)

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Ukraine:

Deposit Guarantee Fund last week sold insolvent banks' assets worth almost UAH 57 mln
(DBN)

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Australia:

Creditors' schemes of arrangement in Australia
(DBN)

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