June 11, 2019

The Daily Bankruptcy News

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Law:

Legal industry adds 2,000 jobs in May in seesaw employment numbers
(DBN)

Facebook Lawyer Joins Bias Class Action Against Jones Day "Tolton, et al. v. Jones Day" - Its High Profile Just Got Lots Higher
(DBN)

New York Considers Removing Questions About Mental Health From Bar Exam Application
(DBN)

Bankrupt Insys Therapeutics Owes $19.2 Million to Law Firm Creditors
(DBN)

Harvard Law School’s Dershowitz Moves To Disqualify Boies Schiller In Trafficking Case
(DBN)

A Tribute to Frank Vecchione
(DBN)

Clifford Chance follows Freshfields with £100,000 NQ solicitor pay
(DBN)

Helicopter Hits Roof of NYC Home to Sidley Austin, Willkie Farr Helicopter Crash Onto Manhattan Rooftop Kills Pilot Biglaw Firms Evacuated After Deadly Helicopter Crash Helicopter Crash Rattles Willkie, Sidley Offices
(DBN)

Bankrupt Firm Wants to Hire Skadden Despite U.S. Objections
(DBN)

Are Law School Tuition Freezes Going To Be Making A Comeback?
(DBN)

ABA Revokes Yet Another Abysmal Law School’s Accreditation ABA approval withdrawn for Thomas Jefferson School of Law ABA Revokes Thomas Jefferson's Accreditation; Law School Plans To Appeal 'Capricious' Decision
(DBN)

From Founding Partner Of A Biglaw Firm To Secretary Of State
(DBN)

Pepper Hamilton Might Face Sanctions for Discovery Fiasco in Baylor Sex Assault Case
(DBN)

White & Case boosts London trainee solicitor pay by 6%
(DBN)

London NQ pay at Skadden hits £133,000
(DBN)

The new generation is in law school, and if we put our heads in the sand and pretend these changes aren’t happening, the gap between us and our students will only grow larger and harder to bridge
(DBN)

New York State Bar Updates Social Media Guidelines
(DBN)

Power Struggle With Donor Ensued After Alabama Law School Got $26.5M Gift, Emails Indicate University of Alabama officials release emails saying return of $21 million was about not abortion but academic integrity Emails Contradict Philanthropist’s Claim University Refunded Donation over Abortion Comments Alabama Releases Emails Showing Donor Used Abortion Law As Preemptive Attack After Law School Decided To Return $21.5 Million Gift Due To His Meddling In Admissions, Scholarships, Faculty Hiring, Dean's Job Status Alabama Releases Emails Proving Law School Donor Split Had Nothing To Do With Abortion… And Yet Somehow Make Alabama Look Worse
(DBN)

Significant one-year peer USNWR survey score drops, their apparent causes, and their longevity
(DBN)

Three Parking Spots Outside New York: An Unlikely Big Law Battle
(DBN)

Justice Dept. Agrees to Turn Over Key Mueller Evidence to House House Judiciary postpones Barr criminal contempt vote after DOJ deal The Mueller report was classified as 'fiction' when you searched for it on Google DOJ Releases Details of Origins of Russia Probe The intriguing stones Robert Mueller left unturned on Trump Pelosi, Fellow Democrats Poised to Counter Trump’s Subpoena Defiance John Dean's Statement on Trump Obstruction DOJ Reveals What John Durham Will Be Doing to Investigate Origins of Russia Probe John Dean draws 6 parallels between the Mueller report and Watergate Mueller report provides ‘roadmap’ to investigating Trump, says John Dean House Oversight schedules contempt vote for AG Bill Barr, Wilbur Ross House Democrats To Get Some Mueller Report Material, But Contempt Vote Is Still On Trump urges appeals court to reverse House access to records
(DBN)

Harvard Law Scholars Tribe and Dershowitz Take Impeachment Duel to Twitter
(DBN)

More than 180 CEOs sign letter opposing state restrictions on abortion Firms: US Abortion Stance Bad for Business Maine expands abortion providers list to include non-doctors Missouri's only abortion clinic to stay open after injunction issued Where abortion restrictions stand: The states that have passed laws
(DBN)

Grant This Lawyer The Serenity To Accept The Clients They Cannot Change Into Batman
(DBN)

Trump administration intentionally slowing approval of immigrant work permits, lawsuit alleges Trump’s “Tough” Immigration Policy Leaves Out Employers
(DBN)

Clients With ‘Black-Sounding Names’ Are Another Consequence Of California’s Low Bar Passage Rate
(DBN)

Houston Lawyers Create Facebook Page to Gripe About Clerk's Office
(DBN)

Broward timeshare exit law firm files Chapter 7
(DBN)

High Court Picks Up Case of US Mom on the Run From Alleged Abuse
(DBN)

Man Denies Owning Cocaine On His Nose
(DBN)

Ex-Con Wearing "COKE" Shirt Arrested For . . .
(DBN)

Cops: Man Called 911 17 Times Because He Was "Lonely And Needed Someone To Talk To"
(DBN)

DEA Official Used Taxpayer Funds to Hire Son as Contractor While on Spring Break From College
(DBN)

Armed Neo-Nazis Baited African Americans With Chimp Noises
(DBN)

Police who stopped fleeing black man after gun tip didn't have reason to stop him, 9th Circuit says
(DBN)

Two deputies wounded in gunfight that began after man shot at an Amazon Alexa, reports say
(DBN)

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Judges:

BK ED KY Seeks Law Clerk
(DBN)

BK MD FL (Orlando) Seeks Term Law Clerk
(DBN)

Why June could be a blockbuster month for Supreme Court decisions
(DBN)

I Don’t Give A Flying Fig How Many Women Law Clerks Brett Kavanaugh Hires Daughter of Fierce Kavanaugh Defender Amy Chua to Clerk for … Brett Kavanaugh
(DBN)

Ginsburg says Kennedy's retirement was 'event of greatest consequence' for current term
(DBN)

New Project Would Help Dem President Pick Judges in 2021
(DBN)

Conservative gains at Supreme Court leading to anger, frustration and 'peeks behind the curtain'
(DBN)

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Wall Street:

Dow futures slightly higher despite Trump’s warning on China tariffs
(DBN)

Dow logs 6-day winning streak as U.S.-Mexico trade tensions recede
(DBN)

Why the market shouldn't be excited about Fed rate cuts
(DBN)

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Layoffs:

Robots are breaking out of their cages on the factory floor, and here’s what they are doing
(DBN)

Lawsuit filed against Colortree following abrupt closure
(DBN)

Rennova announces layoffs at Jamestown Regional Medical Center
(DBN)

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Climate:

Most climate-related litigation in the Trump era supports protections
(DBN)

The US just witnessed its 12 wettest months in 125 years and the floods keep coming
(DBN)

Near Record Dead Zone Predicted for Gulf
(DBN)

Wildfires, heat waves foreshadow what could be a perilous summer across the globe
(DBN)

Canada's wildfire season is off to a ferocious start
(DBN)

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Politics:

Elizabeth Warren has lots of plans for the U.S. Together, they would remake the economy
(DBN)

Democratic Presidential Debates Could Reignite Warren-Biden Bankruptcy Fight
(DBN)

Trump says tech giants like Facebook, Google, and Amazon 'discriminate against' him and colluded with Democrats during his election run
(DBN)

Biden hits Trump 76 times in Iowa speech What some Pennsylvania swing voters don't like about Biden
(DBN)

Elizabeth Warren is challenging Bernie Sanders for progressives' support in 2020
(DBN)

Why Buttigieg and Warren are surging
(DBN)

Transportation Secretary Elaine Chao reportedly steered $78 million in federal grants to Kentucky, her husband Sen. Mitch McConnell's home state Chao created a special path for McConnell’s favored projects Ethics Experts Slam Chao and McConnell
(DBN)

Trump is the most unpopular presidential election winner in US history — and he could win again in 2020
(DBN)

John Dean is Trump's latest target. Here's how he took down Nixon John Dean's compelling case for parallels between Trump and Watergate John Dean says he's "honored" to be on Trump's enemies list
(DBN)

Why All of Trump’s Deals Are Bad
(DBN)

House Democratic leaders kill congressional pay raise in spending bill
(DBN)

A Republican Explains Why Clinton Was Guilty and Trump Is Not
(DBN)

Nuclear stalemate one year after Trump-Kim summit: analysts
(DBN)

FactCheck: De Blasio claims city helped people out of poverty
(DBN)

A Republican who held one of the most powerful jobs in the Trump administration is now a Navy ensign
(DBN)

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Food/Beverage:

Perkins & Marie Callender's considers sale, bankruptcy
(DBN)

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Economy:

Hiring by US businesses hits a record high U.S. hiring trends and job openings are still strong, fresh reports on labor market show
(DBN)

BLS: Job Openings "Mostly Unchanged" at 7.4 Million in April
(DBN)

Job Openings and Labor Turnover Survey Since 2001
(DBN)

The Record Job Streak: A couple of Comments
(DBN)

US Treasury yields tick higher as investors await economic data, auctions
(DBN)

Donald Trump Decides That Steve Mnuchin’s Fed Picks Aren’t ‘My People’
(DBN)

The market is terrible at predicting Federal Reserve interest-rate moves, chart shows
(DBN)

Turns out it’s not baby boomers who have taken the most from Social Security
(DBN)

Trump's Economy is Coming Off the Rails
(DBN)

One-third of Americans say they need a side gig to pay expenses
(DBN)

Morgan Stanley: Even if the Fed cuts rates this summer, it could be too late to stop a recession Morgan Stanley bear warns his bleak scenario for 2019 is taking shape
(DBN)

Trump threatens next round of China tariffs if Xi a no-show at G20 FactCheck: Tariffs are "taking $1.4 billion out of working people’s pockets every month" Chamber of Commerce blasts Trump on tariffs — and then the president calls CNBC to fight back The White House needs to clarify its position on Huawei after Trump contradicts Mnuchin Trump says the US needs a ‘fair playing field’ against China’s weaker currency President predicts tariffs will spur China trade deal as he slams Fed Walmart has become one of the most outspoken critics of Trump's trade war, but tariffs could end up giving the retail giant a boost Chinese Rare Earth Exports Tumble As Trade War Accelerates China hints it will choke off U.S. 'rare earths' access. But it's not that easy.
(DBN)

Trump is touting a farm deal with Mexico that doesn't seem to exist Mexican foreign minister contradicts Trump on secret immigration deal Markets Soar After Manufactured Crisis Is Narrowly Avoided By Having Already Been Solved Months Ago In Mexico’s South, Police Check Buses, Trains in Migrant Crackdown The dubious art of Trump's deal with Mexico Trump, Mexico At Odds Over Border Deal Tariffs are the answer': Trump appears emboldened after economic brinkmanship with Mexico
(DBN)

The shrinking U.S. yield premium
(DBN)

More China tariffs could push the US into a ‘Trump recession,’ CEO says
(DBN)

Study: It's better to have rich parents than be smart
(DBN)

AAR: May Rail Carloads down 2.1% YoY, Intermodal Down 5.9% YoY
(DBN)

Bosses like me have had the power to force employees to work overtime for free through salaries. It's time to remind Americans overtime pay is a fundamental right.
(DBN)

‘Full-scale bear market’ for stocks is among 3 scenarios Citi predicts amid trade tensions
(DBN)

After Trump tax cuts, corporate cash hoards finally shrink
(DBN)

U.S. CEOs Report High M&A Appetite in New KPMG Survey
(DBN)

The global fear of too few young people
(DBN)

Ending Special Tax Treatment For The Very Wealthy
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Leading Index for Commercial Real Estate Declines in May
(DBN)

Servicing Post-Discharge Residential Mortgage Debt
(DBN)

Here's what the average American family of four spends on rent in every state
(DBN)

9 facts about the New York City housing market that will make you glad you live somewhere else
(DBN)

Seattle Real Estate in April: Sales up 5.6% YoY, Inventory up 124% YoY from Low Levels
(DBN)

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Municipalities:

Muni Lowdown
(DBN)

Puerto Rico gov presents budget with priorities on education, health and public safety
(DBN)

Fee examiner in Puerto Rico debt restructuring warns of rising litigation costs
(DBN)

U.S. Justice Department defends Puerto Rico fiscal board’s constitutionality
(DBN)

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Oil/Gas:

As Oil and Gas Prices Drop, Frackers Declare Bankruptcy
(DBN)

Oil man Alfaro and wife not turning over monies, San Antonio receiver alleges
(DBN)

Oil Price Could Fall To $30 If Global Deal Not Extended
(DBN)

Legacy Reserves: A Second Forbearance Agreement
(DBN)

The 2020 Oil Market Is Turning Ugly
(DBN)

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Personal Finance:

Millennial and Gen Z women want cheaper engagement rings
(DBN)

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Tech:

Trump drops the biggest hint yet that he's coming after the big tech 'monopoly' with potential billion-dollar fines
(DBN)

Trump slams China's tech scene, says it doesn't have the capability of 'the geniuses in Silicon Valley that walk around in undershirts'
(DBN)

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Logistics:

FedEx ending its contract with Amazon for express deliveries in the US is good news for UPS, according to analysts
(DBN)

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Fraud:

A Ponzi Scheme, a Retiree and a Revolt Against OppenheimerFunds
(DBN)

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Maritime:

Shipping co. to sell 8,000 cases of unclaimed energy drinks
(DBN)

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Religion:

How Southern Baptists Failed to Care About Abuse Southern Baptists To Confront Abuse And Role Of Women In The Church
(DBN)

Vatican says people can't choose their genders Vatican Officially Rejects Idea of Gender Fluidity to Alarm of LGBT Catholics
(DBN)

Bishops to return ‘gifts’ from West Virginia’s Bishop Bransfield Three priests caught up in scandal involving former West Virginia bishop resign from leadership posts
(DBN)

US Catholic bishops, under fire, meet to consider proposals to police themselves
(DBN)

Catholic Church Fights Bill To Force Priests To Report Sex Crimes Heard In Confession
(DBN)

U.S. attorneys general investigate clergy abuse
(DBN)

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Debt Collection:

CFPB Should Cut Back on Texts, Emails Debt Collectors Could Send
(DBN)

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Publishing:

F+W's $5.6M Ch. 11 Sale To Penguin Random House Gets Nod
(DBN)

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Aviation:

Full list of lawsuits, probes, in Boeing's nightmare year
(DBN)

PHI Provides Update on Bankruptcy Proceedings
(DBN)

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Radio:

Deadline passes to submit bids to buy WEEU, and the station's fate is still unclear
(DBN)

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Biofuels:

Refiner Group Sues Trump Over Ethanol
(DBN)

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Non-Profits:

Quarter of NRA's Unpaid Board Members Got Money From Group: Report
(DBN)

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Coal:

Federal Judge Approves Sale of Bankrupt Wyoming Coal Mine
(DBN)

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New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (4 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (23 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:

Weekly Bankruptcy Claims Trading Activity
(DBN)

Distressed Market Conditions: The Next Bankruptcy Wave
(DBN)

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Discharge:

SCOTUS rules post-discharge collection actions may result in civil contempt
(DBN)

Experts Discuss Supreme Court's Ruling in Taggart v Lorenzen
(DBN)

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Avoidance Actions:

Update: New York Bankruptcy Court Holds That Tuition Payments for Minor Children by Insolvent Parents Are Not Fraudulent Transfers
(DBN)

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UCC:

Can Subsequent Creditors Rely Upon the Accuracy of Existing UCC-1 Financing Statements?
(DBN)

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IP:

Leaving A Mark II: Why Trademark Licensees Need To Beware The Holding In Mission Products Holdings v. Tempnology, LLC
(DBN)

Supreme Court Says Rejection of Trademark License in Bankruptcy Acts as a Breach, Creditor-Licensor Can Retain Licensed Rights
(DBN)

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Tax:

“Checking the Box” – For a Pass-through Entity In Bankruptcy?
(DBN)

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Student Debt:

BK MD FL Launches Student Loan Modification Procedures
(DBN)

Texas Will No Longer Suspend Work Licenses Over Unpaid Student Loans
(DBN)

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Bankruptcy Policy:

Disagreement and Capital Structure Complexity
(DBN)

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Personal Bankruptcy:

Making sense of bankruptcy and retirement plans
(DBN)

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Pharma:

Opioid Producer Insys Files for Chapter 11 Bankruptcy Insys files for bankruptcy after $225M settlement Opioid Manufacturer Insys Files for Bankruptcy After Kickback Probe Of course, opioid drugmaker Insys wants bankruptcy protection Tale of a Bankruptcy Foretold Seeks 363 Sale to Pay Off Lawsuits Opioid Maker Insys’s Shares Fall To Penny-Stock Levels Following Bankruptcy Announcement Insys bankruptcy sets up opioid test case as US states seek cash
(DBN)

How Opioid Drugmaker Insys Could Avoid Paying $225 Million Settlement To U.S.
(DBN)

Law firms among top creditors in opioid maker Insys' bankruptcy
(DBN)

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Guns:

Gun Seller That Bet Big on Hillary Clinton Getting Elected Goes Bankrupt Major Firearms Distributor Files Bankruptcy as Sales Fall Longtime SC distributor of guns, other outdoor goods is bankrupt Gun Seller Declares Bankruptcy After Its 2016 Presidential Election Strategy Backfires
(DBN)

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Corporate Governance:

There's a record number of women on the boards of Fortune 500 companies. Racial and ethnic minorities, not so much.
(DBN)

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Retailing:

Executive chairman of Saks-owner Hudson’s Bay Company puts in bid to take retailer private
(DBN)

Something to Remember: The Flexibility of Chapter 11 in Retail Situations
(DBN)

Asbestos has again been found in makeup sold at Claire's, highlighting a disturbing 'black hole' in beauty-product safety
(DBN)

Barnes & Noble Can’t Blame Amazon for Everything
(DBN)

Cleanup In Aisle 5? Messy Stores, Not E-Commerce, Are Killing Bricks And Mortar
(DBN)

How bookshops survived the Amazon onslaught
(DBN)

Sears Owes $20M For Hurricane-Damaged Store, Mall Says
(DBN)

Retailing at the end of the world: How large chains liquidate
(DBN)

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Healthcare:

Jamestown Hospital Cuts Staff But Vows To Stay Open Amid Loss Of Federal Payments
(DBN)

65-year-old man says he robbed a bank because he couldn’t afford the medication he needed
(DBN)

Number of measles cases over 1,000 in US for the first time since its eradication
(DBN)

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Mass Torts:

More Asbestos Talc Cases Remanded to State Court
(DBN)

Former UCLA Gynecologist Facing Multiple Charges
(DBN)

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Electricity:

PG&E's Power Suppliers Lose Contract Fight in Bankruptcy Court
(DBN)

PG&E’s Bankruptcy Judge Leaves Door Open to Shedding Renewables Contracts
(DBN)

PG&E can pull out of big green power deals, bankruptcy court rules
(DBN)

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UK:

Begbies Traynor Acquires Stoke Insolvency Firm
(DBN)

Interserve owed creditors more than £100m
(DBN)

Convergence in the US and UK Markets on Sponsor-Friendly Loan Documentation?
(DBN)

UK leadership race kicks off as the economy starts to weaken
(DBN)

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EU:

Corporate defaults are picking up across the heartland of Europe
(DBN)

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PIIGS:

Why ECB Sanctions Will Have Little Long-Term Effect On Debt-Ridden Italy
(DBN)

Greek president OKs request for early election on July 7
(DBN)

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Canada:

RBC whistleblower: ‘I knew Canada’s biggest bank would spend any amount to crush me’
(DBN)

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India:

End of the runway for Jet Airways as Etihad, Hinduja baulk Jet Airways to face insolvency action NCLT to hear insolvency petitions against Jet Airways on June 13
(DBN)

Development In Insolvency Law - May 2019
(DBN)

NPAs plunge to 9.3% in FY19, deeper than RBI estimate: Crisil
(DBN)

Debt-ridden Suzlon faces loan repayment default even as shares nosedive
(DBN)

Retail Investors Must Stay Away From Companies Waiting IBC Resolution
(DBN)

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China:

China’s Debt Problem May Have Turned a Corner, for the Worse
(DBN)

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