June 12, 2019

The Daily Bankruptcy News

View prior editions: Click Here
View prior case summaries: Click Here
Search prior headlines: Click Here
Search prior case summaries: Click Here

Format For Mobile Device



Law:

Amid Partner Pay Struggles, CKR Law's Breakneck Growth Stops
(DBN)

Montgomery McCracken goes on offense after string of defections
(DBN)

Biglaw Firm Holds Firm Meeting To Say They’re Making Tons Of Money And Won’t Be Giving It To Associates
(DBN)

Gender Discrimination Lawsuit Against Jones Day Gets Yet Another Plaintiff
(DBN)

Blank Rome Opens In Chicago With Bankruptcy Lawyers
(DBN)

Greenberg Traurig Can't Dodge $1.3M Suit Over 'Gotti' Film Financing
(DBN)

Pirating files not so bad, with one exception, according to survey of Harvard LLM students
(DBN)

Willkie Farr and Sidley lawyers evacuated after helicopter crashes atop their building Sidley and Willkie Find Refuge as Crash Keeps NY Offices Closed Helicopter crash in Manhattan, New York: what we know Helicopter Pilot Wasn't Licensed Properly
(DBN)

The Messy Family Drama Of A Biglaw Firm Founder
(DBN)

Public Defenders Drowning In Law School Loans Walk Off Job In Protest
(DBN)

Lawyers Want Brad as a Client. Latoya? No Thanks!
(DBN)

Should Firm Leaders Know How Individual Partners Vote on a Merger?
(DBN)

The House just voted to hold Attorney General William Barr and former White House Counsel Don McGahn in civil contempt House votes to allow committees to enforce subpoenas in court Stepping up Trump clash, House votes to enforce Barr and McGahn subpoena Justice Dept. to Congress: Back off contempt, or Barr will ask Trump to shield census materials DOJ Threatens Executive Privilege to Block Dems' Access to 2020 Census Question Docs Donald Trump Jr. to talk with Senate committee behind closed doors Wednesday Trump's Lawyers Drag Justices Into DC Circuit Subpoena Fight Trump Appeals Ruling Over Congressional Subpoena. His Brief Is a Disaster. Judge Napolitano: DOJ Agreeing to Turn Over Mueller Evidence ‘Potential Nightmare’ for Trump
(DBN)

Congress moves to make it easier for older workers to prove age discrimination
(DBN)

Clooney Foundation and ABA group raise concerns about mass trial over human rights violations
(DBN)

A Once Unthinkable Proposal for Refugee Camps
(DBN)

Calls Intensify To Hold Columbia Law Lecturer Responsible For Her Role In The Central Park Five Case Black Law Students at Columbia Call for Firing of Central Park 5 Prosecutor
(DBN)

Jury can’t decide on charges against Arizona border activist who gave water to immigrants
(DBN)

New trouble for Alex Jones in court fight with Sandy Hook families
(DBN)

Turn-of-the-Century Thinkers Weren’t Sure If Women Could Vote and Be Mothers at the Same Time
(DBN)

It looked like a simple domestic murder. Then police learned about the alien reptile cult.
(DBN)

People Who Pay People to Kill People
(DBN)

Kim Goldman’s crusade: Make O.J. Simpson pay and never forget
(DBN)

Man sues to get dad's frozen head back
(DBN)

Ex-Arizona Teacher To 13-Year-Old Student: 'I Want You Every Day'
(DBN)

Federal Judge Throws Out Armed Robbery Conviction Due to Bizarre Case Fact
(DBN)

US Issues Extradition Request for Assange
(DBN)

______________

Judges:

A year after ‘tiger mom’ law prof praised Kavanaugh in op-ed, her daughter gets clerkship with him Umm, What’s the Deal with Brett Kavanaugh’s New Law Clerk Hire?
(DBN)

Only In France Could You Actually Go To Prison For Using Legal AI
(DBN)

Clarence Thomas Says His African-American History Museum Exhibit Is Wrong, Doesn’t Want To Talk About It
(DBN)

Trump judicial nominee withdraws after Republican opposition: Reports
(DBN)

______________

Wall Street:

Dow futures slightly lower as investors await inflation data
(DBN)

Dow falls, snapping 6-day winning streak US Stocks Close Lower on Trade Worries
(DBN)

______________

Layoffs:

Bankrupt Z Gallerie downsizing Gardena HQ, slashing 196 jobs
(DBN)

Robot workers are coming to the Vegas Strip – and they may take jobs
(DBN)

______________

Autos:

'Peak car' worries are mounting and used-car sales are a potential 'red flag'
(DBN)

____________

Climate:

Climate Change Poses Major Risks to Financial Markets, Regulator Warns
(DBN)

House chairman probes White House role in climate testimony
(DBN)

San Francisco soars to 100 degrees as record heat wave roasts California
(DBN)

Schiff demands intelligence agencies provide documents on White House's suppression of climate testimony
(DBN)

Some Republican Lawmakers Break With Party on Climate Change
(DBN)

More US businesses are making changes in response to climate concerns
(DBN)

The US just had its wettest 12 months on record. It’s driving massive floods.
(DBN)

Paralysis on America’s Rivers: There’s Too Much Water
(DBN)

____________

Pharma:

More Bankruptcy Filings: Drug Makers Considering Chapter 11 As They Face Increased Liability In Opioid Epidemic
(DBN)

Infamous opioid maker files for bankruptcy
(DBN)

Shares of bankrupt opioid maker to be delisted
(DBN)

____________

Electricity:

California seeks 100% clean energy. Why PG&E's bankruptcy could imperil that plan
(DBN)

Bankruptcy Court Rules It Has Exclusive Jurisdiction to Determine Rejection of Power Purchase Agreements
(DBN)

PG&E Can Renege on Contracts, but That Might Cause More Problems
(DBN)

NextEra loses bankruptcy court jurisdiction fight with PG&E over renewables contracts
(DBN)

How one man may have sparked California’s biggest wildfire
(DBN)

Insys Down on Bankruptcy News Amid Increasing Legal Expenses
(DBN)

MoFo Tapped To Defend PG&E In Wildfire Investigations
(DBN)

PG&E Begins Wildfire Season with Preemptive Power Shutdown
(DBN)

____________

Guns:

Chapin-based gun distributor went bankrupt as executives lined pockets, lawsuit says
(DBN)

____________

Golf:

Auction of Sisters golf course property postponed
(DBN)

____________

Healthcare:

Who pays for proposed Medicare reform
(DBN)

ACLU Sues Trump Administration for Totally Distorting the Concept of ‘Discrimination’
(DBN)

____________


Economy:

Corporate executives are fearing a recession in 2020, Duke survey shows
(DBN)

Small Business Optimism Index increased in May
(DBN)

Hiring will reach the highest level in 13 years with big strength in the Midwest: Survey
(DBN)

Soft inflation data on Wednesday could spark more speculation for a Fed rate cut soon
(DBN)

Record issuance of risky debt has investors worried Regulators Alarmed by Risky Loans, But Don’t Know Who Holds Them
(DBN)

The corporate borrowing spree continues in a busy month for the bond markets
(DBN)

Larry Kudlow says the US economy will maintain 3% pace even without a China trade deal Trump: ‘I have no interest’ in trade deal until China reverses its stance Mulvaney expects Trump-Xi meeting won't be a 'deal closer' Apple's biggest iPhone manufacturer has a backup plan in case the trade war between the US and China continues to escalate Foxconn: iPhones can be made outside of China if trade war worsens Trump’s Canada-Mexico trade pact is ‘more important’ to the economy than a deal with China, Larry Kudlow says
(DBN)

Mitch McConnell changes tune on Trump's Mexico tariffs Photographer snapped image of Trump's alleged Mexico deal. Here's what it says Trump waves text of Mexico deal in front of reporters — but refuses to detail what it says Mulvaney: We May Keep Migrant Deal Secret FactCheck: Trump on Mexico Tariff Threat Mexico FM: There is No Secret Migrant Deal
(DBN)

China, Mexico, and now France: Trump just attacked 'not fair' French wine tariffs again
(DBN)

US Businesses Spooked by Trade Policies
(DBN)

Why Tariff Threat is Unsettling
(DBN)

Goldman CEO: Market won’t like it if Trump continues to use tariffs for political agenda
(DBN)

U.S. Demographics: Largest 5-year cohorts, and Ten most Common Ages in 2018
(DBN)

Trump lashes out at the Fed and suggests people want to travel to Europe because of 'devalued' currencies Trump says Fed is keeping interest rates 'way too high' Jay Powell Didn’t Really Think A Future Rate Cut Would Get Donald Trump Off His Back, Did He? As Fed remains in the firing line, reviewing Trump quotes on Powell Trump Attacks Fed and Euro
(DBN)

What Modern Monetary Theory gets ‘plain wrong,’ according to former IMF chief economist
(DBN)

LA area Port Traffic Down Year-over-year in May Busiest US port hit by 7th straight month of export declines amid trade war
(DBN)

Here’s how much money Americans in their 20s have in their 401(k)s
(DBN)

Almost 1 in 5 American households expect to move in next year, Fed report says
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Weekly mortgage applications soar nearly 27% on a big rate drop
(DBN)

The majority of consumers are wildly wrong about what it takes to get a mortgage
(DBN)

Unconventional Mortgages Are Making A Comeback
(DBN)

Here's how long it will take to save for a down payment in major U.S. cities
(DBN)

Selling your home to an iBuyer could cost you thousands — here’s why
(DBN)

Are McMansions Making People Any Happier?
(DBN)

____________

Municipalities:

Miami Firm Joins Paul Hastings in Handling Puerto Rico Bankruptcy
(DBN)

Puerto Rico Retirees Committee reaches deal with fiscal board
(DBN)

Invitation to exchange Puerto Rico Cofina bonds issued
(DBN)

Judge to consider Puerto Rico bond annulments, court pensions Wednesday
(DBN)

High Court Asked To Decide If Puerto Rico Fed Board Is Legal
(DBN)

Task Force on Tickets and Debt Suggests Reforms but Needs Chicago’s Mayor and City Council to Finish the Work
(DBN)

Puerto Rico Seeks to Move Island's Presidential Primary to March
(DBN)

Detroit development decisions 'based on desperation,' expert says
(DBN)

____________

Oil/Gas:

Legacy Reserves Probability Of Bankruptcy Legacy Reserves to file for bankruptcy as oil and gas price downturn prompts financial restructuring
(DBN)

CARBO Ceramics: Bankruptcy In The Making?
(DBN)

____________

Aviation:

Trustee Files Motion To Dismiss One Aviation Bankruptcy Plan
(DBN)

Delta’s CEO says the Boeing 737 Max 8 scandal has “traumatized” the aviation industry
(DBN)

Boeing jetliner deliveries plunge as 737 Max remains grounded
(DBN)

Leisure Cargo files for insolvency after loss of major contracts
(DBN)

____________

Food/Beverage:

Owners of bankrupt San Antonio food-maker will lose control
(DBN)

____________

Construction:

‘It cracked like hell.’ Feds say engineers didn’t heed alarms before FIU bridge collapse
(DBN)

____________

Retailing:

Neiman Marcus Q3 loss widens, revenue falls; gets breathing room on debt Loss deepens at Neiman Marcus amid fashion missteps Neiman Marcus Turns to More Discounting as Losses Widen Neiman Marcus posts a bigger loss and CEO Geoffroy van Raemdonck 'not satisfied' with results
(DBN)

How workers suffered from Shopko's bankruptcy while Sun Capital made money
(DBN)

Sears Filed A New Budget - Investors And Employees Are Disappointed
(DBN)

Lawyers Biggest Winners In Toys ‘R’ Us Bankruptcy, Top Firm Gets $56 Million
(DBN)

Kohl's will close Off/Aisle discount stores, company tells employees
(DBN)

____________

Religion:

Abuse expected to dominate Southern Baptist debate Southern Baptist Convention must enact tough reform on its abuse crisis
(DBN)

As bishops gather, prosecutors step up scrutiny of church
(DBN)

1 in 4 Catholics giving less due to clergy abuse
(DBN)

____________

Student Debt:

How To Discharge Student Debt: A Look At The Brunner Test
(DBN)

Report: Student Loan Debt Thwarts Do-Over for Many Bankruptcy Filers
(DBN)

'I had to escape this debtors’ prison': College grad flees U.S. to avoid student loan debt
(DBN)

____________

Media:

Antitrust exemption may not save news publishers
(DBN)

The media has a big problem: Who will pay for the news?
(DBN)

____________

 


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 (15 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (8 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)

______________

Bankruptcy Statistics:

May 2019 Bankruptcy Statistics- State and District May 2019 Bankruptcy Statistics- Commercial Filings
(DBN)

______________

Mediation:

Studies Show that Humility and Pursuit of Virtue Lead to Wisdom in Resolving Conflicts: Implications for Mediation?
(DBN)

____________

Finance:

Purchase Order Financing to the Debtor in Possession
(DBN)

____________

Extraterritoriality:

New Outer Limits for the Extraterritorial Reach of the U.S. Bankruptcy Code
(DBN)

____________

CDS:

Net Short Lender Disenfranchisement: Is the New Anti - CDS Vaccine Safe and Effective?
(DBN)

____________

Committees:

Section 363(o) Implications: Bankruptcy Court Denies Debtor’s Request to Disband Consumer Creditors’ Committee
(DBN)

____________

Politics:

Poll suggests 6 2020 Democrats would beat Trump in head-to-head matchup More brutal 2020 poll numbers for Trump
(DBN)

Wall Street expects a Trump win in 2020, but a new poll points to a different outcome Trump's re-election crisis
(DBN)

Pelosi: House Democrats "not even close" to supporting impeachment #ImpeachTrump Day of Action takes off, 133 events nationwide
(DBN)

As Bernie Sanders Leans Into Socialism, His Rivals Laugh
(DBN)

Trump reportedly having second thoughts about Shanahan as defense secretary
(DBN)

Biden delivers scathing address on Trump, and the president fires back Trump slams Joe Biden as 'mentally weak,' calling him '1 percent Joe' and saying he's 'slower than he used to be' Trump reportedly calls up his old associates at night to rail against Joe Biden, who he thinks is 'too old' Joe Biden says Donald Trump is a ‘threat to our core values’ Biden gambles by blasting Trump as an 'existential threat' Joe Biden Can’t Have It Both Ways Biden Promises to Cure Cancer
(DBN)

Jon Stewart Rips Congress Over 9/11 Fund
(DBN)

McConnell dismisses report that wife steered funds to Kentucky
(DBN)

Trump praises Kim Jong Un, saying he received a 'beautiful' letter from him
(DBN)

Protesters want to fly 'Baby Trump' balloon during the president's Fourth of July address in Washington
(DBN)

Wilbur Ross Goes On TV, Says Wilbur Ross Things
(DBN)

Trump's emergency border-wall declaration to fuel partisan fighting in defense bill
(DBN)

____________

Coal:

Operator: 2 units of Montana coal plant to close this year
(DBN)

____________

Festivals:

Why are so many music festivals total disasters?
(DBN)

____________

UK:

Britain's next prime minister could make Brexit worse
(DBN)

Philip Green's Arcadia empire on brink of bankruptcy after landlord opposes rescue deal Billionaire Philip Green's Empire Hanging on Landlords' Vote
(DBN)

Select CVA secures 87% creditor approval King's Lynn fashion store's future secured with creditor support
(DBN)

Britain's Debenhams receives Sports Direct challenge to restructuring
(DBN)

____________

EU:

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

____________

Canada:

More Albertans suffering in insolvency silence
(DBN)

Delinquency Rates Rise as Canadian Credit Card Balances Grow
(DBN)

____________

MENA:

Dubai unveils new insolvency law Dubai International Financial Centre enacts new Insolvency Law Dubai issues new financial center insolvency law after Abraaj collapse
(DBN)

____________

Brazil:

Judge approves drugstore operator Brasil Pharma's bankruptcy
(DBN)

____________

India:

Jet Airways' pilots union to move NCLT over salary payments
(DBN)

Company directors will have to sit for exams on ethics, law Exams for company directors: Modi govt finds a way to stop corporate frauds
(DBN)

RBI’s bad loan norms to give more room to lenders to resolve big ticket NPAs
(DBN)

____________

South Africa:

SAA unions threaten a total shutdown of aviation industry
(DBN)

____________

Ukraine:

Ukraine New Bankruptcy Code to Take Effect In October
(DBN)

____________

China:

China consumer inflation in May rises to 15-month high; food prices spike 7.7% as cost of pork rose
(DBN)

China’s loans to other countries are causing ‘hidden’ debt. That may be a problem
(DBN)

Hong Kong Protests: Police Using Tear Gas What Hong Kong’s massive protests are really about
(DBN)

____________


The Daily Bankruptcy News is primarily a curated news link gathering service.   Most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subscription fee is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use. If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the most recent edition of The Daily Bankruptcy News on the web at BKInformation.com.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid service subscription. These links are currently marked with a "DBN" notation. The cost of a subscription is $66.50/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links.

New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase.

Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested. There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear. You do not need to type anything in the body of the email message. Note that the email asking for removal must be sent from the same email address which is on our distribution list. If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

If receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list.

Press Releases/News Tips
Please send press releases and news tips to admin@bkinformation.com

Contact Us
The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C. You can phone or text us at 281-402-3957. You can email us at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries). Our mailing address is 935 Eldridge Road, No. 350, Sugar Land, Texas 77478.

Copyright 2019