June 26, 2019

The Daily Bankruptcy News

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3-Column Formating

 

Law:

California Task Force Vote This Week Could Open Door To Private Companies Delivering Legal Services
(DBN)

Young Conaway Welcomes New Partner Kevin A. Guerke
(DBN)

Hold Onto Your Billing Rate: Over 80 Percent Of Companies Plan On Cutting Legal Spend
(DBN)

Robins, Kaplan, Miller & Ciresi L.L.P. Grows Restructuring and Business Bankruptcy Team
(DBN)

Shearman Takes Another From Baker Botts to Build Texas Heft
(DBN)

Shaking Up Big Law, Harvard-Founded Student Group Goes National
(DBN)

3rd Circ. Rejects Law Firm's Bid to Set Aside $15M of Client's Bankruptcy Payouts for Attorney Fees
(DBN)

Judge sanctions BigLaw firm for missing deadline to turn over discovery materials in Baylor litigation
(DBN)

The rise of the machines—but with checks and balances
(DBN)

Corporate Law Depts Adopt Key Legal Tech Less Than Half the Time
(DBN)

Is Kim Kardashian Taking The Baby Bar Exam?
(DBN)

Golf Is Good for Business, So Tee Up, Ladies
(DBN)

How to set up and make a FaceTime call from your Mac, and chat with up to 32 people at once
(DBN)

The Recession Is Now (says Gary Shilling) - Will There Be "Another Latham?"
(DBN)

Number Of Times Pre-Law Students Can Take LSAT Now Limited Due To ‘Security’ Concerns
(DBN)

'Time Is Running Out': House Dems Hope to Reach Mueller Subpoena Decision This Week Don McGahn’s Former Chief of Staff Agrees to Testify Before House Judiciary Committee Robert Mueller agrees to publicly testify to Congress Timeline: Every big move in the Mueller investigation
(DBN)

Michael Flynn’s New Lawyer Appears to Set Stage for Presidential Pardon
(DBN)

House Oversight Committee to vote to subpoena Kellyanne Conway over Hatch Act violations Trump Appointee to Testify About Why He Recommended Kellyanne Conway’s Firing Harvard Law Prof Calls Trump Admin’s Blocking of Key Witness Testimony ‘Egomaniac Immunity’
(DBN)

Trump says he has confidence in FBI director
(DBN)

Ukraine Oligarch Linked to Paul Manafort Can Be Extradited to Chicago for Bribery Charges, Austria's Supreme Court Rules
(DBN)

Democrats' emoluments lawsuit against Trump can proceed, federal judge rules Judge Allows Lawsuit Against Trump to Move Forward, Enabling Plaintiffs to Seek Financial Records
(DBN)

Former top Commerce aide says he was directed by Ross to add census citizenship question
(DBN)

Donald Trump Swiftly Condemned Over 'She's Not My Type' Defense: 'So What If A Woman Is Your Type?' The Real Meaning of Trump’s ‘She’s Not My Type’ Defense Trump’s repeated defense against assault accusations: call the accuser unattractive Two GOP senators call for more information about Trump's rape accusation
(DBN)

Ill. student instructor uses internet to plot deadly kidnapping. A Chinese scholar was his random victim.
(DBN)

Majority in U.S. Still Want Abortion Legal, With Limits
(DBN)

Americans in the age of Trump: Discrimination Is OK
(DBN)

Acting CBP Commissioner John Sanders to step down after two months
(DBN)

100 migrant children returned to overcrowded, "inhumane" facility in Texas ‘Children Were Dirty, They Were Scared, and They Were Hungry’ The horrifying conditions facing kids in border detention, explained TSA says hundreds of its workers being diverted from airports to southern border Bernie Sanders is using his massive email list to warn immigrants about ICE raids The migrant kids crisis 'They wanted the American dream': reporter reveals story behind tragic photo
(DBN)

Appeals Court Shakes Up Census Question SCOTUS About to Disgrace Itself on Census WH Blocked Official's Census Testimony
(DBN)

Lawyer faces Twitter condemnation after arguing immigrant kids don’t need soap or toothbrushes
(DBN)

Woman accused of killing identical twin sister
(DBN)

Murder suspect slashes his throat in court; trial resumes without him
(DBN)

Public defender accused of working without a law license in over 100 cases
(DBN)

Defendant Acquitted After Flinging His Own Poop At Judge
(DBN)

Deputy PD accused of ax attack on his family partly blames financial worries
(DBN)

Lawyer Says He’s the Only One in Sudan Allowed to Use the Internet
(DBN)

Alabama Law Terminates Parental Rights for Convicted Rapists
(DBN)

Congressman Duncan Hunter used campaign money to fund extramarital affairs, prosecutors say We Just Learned Some Details About Duncan Hunter. None of Them Look Good for Him or His Wife.
(DBN)

White supremacist who killed bankruptcy paralegal after driving car into Charlottesville protesters begs judge to show him ‘mercy’
(DBN)

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Judges:

Public Notice for Reappointment Of Bankruptcy Judge Neil P. Olack
(DBN)

Public Notice for Reappointment Of Bankruptcy Judge Stacey G.c. Jernigan
(DBN)

Is The High Court Due For A Revamp? Dems Say Yes
(DBN)

Conservative group launches million-dollar ad pushing 2020 Dems to name their judicial short list
(DBN)

Washington owes Supreme Court Justice Neil Gorsuch an apology
(DBN)

Experts Recommend SCOTUS Adopt Code of Ethics to Promote Accountability
(DBN)

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Wall Street:

Stock futures surge after Treasury Secretary Mnuchin says US-China deal is 90% complete
(DBN)

Dow drops more than 150 points in worst day of June after Fed officials curb rate-cut enthusiasm
(DBN)

Trump touts best June for the stock market in years — but charts show 5 areas flashing warnings
(DBN)

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Layoffs:

JEA could cut hundreds of jobs, raise rates if changes aren't made
(DBN)

Robots to Replace 20 Million Factory Workers
(DBN)

Robots Might Be Taking Your McDonald's Order Soon And We Are *Officially* Living In The Future
(DBN)

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Climate:

Investors Demand Climate Change Action
(DBN)

'Hell is coming': Western Europe braces for unprecedented heatwave that could turn deadly
(DBN)

Perdue on climate change: "It rained yesterday, it's a nice pretty day today"
(DBN)

Sign Of The Times? Weather Patterns All Over The Planet Are Going Absolutely Nuts
(DBN)


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Politics:

2020 hopeful Elizabeth Warren pushes election security plan Elizabeth Warren jumps out to a big lead in MoveOn poll Warren has big lead among young progressives, NextGen poll finds Warren support rises in two national polls Bernie Sanders faces a new kind of threat in Elizabeth Warren Elizabeth Warren has a new plan to make voting easier Elizabeth Warren Might Be Democrats’ Most Dangerous Debater The 2008 Class That Explains Elizabeth Warren’s Style
(DBN)

Sanders and Warren on Debt Cancellation and Higher Education Finance - An Early Assessment
(DBN)

AP-NORC Poll: Democrats most excited by experience in office
(DBN)

Stark partisan divisions in Americans’ views of ‘socialism,’ ‘capitalism’
(DBN)

Trump struggles to explain why Obama’s jobs numbers were better than his
(DBN)

Stephanie Grisham named new White House press secretary
(DBN)

Once the poorest senator, Biden has reaped millions in income since leaving office Joe Biden is contractually entitled to receive angel hair pomodoro at every paid speech
(DBN)

Pivotal carbon capping bill dies in Oregon Senate
(DBN)

Democratic bigwigs fear debates will devolve into horror show Two Nights, Five Moderators, 20 Candidates: Can NBC Pull Off Debate-a-Palooza?
(DBN)

The Electoral Time Machine That Could Reelect Trump
(DBN)

President Trump Job Approval - Poll of Polls
(DBN)

NRA Shuts Down NRATV
(DBN)

Former White House lawyer: 'I’m not aware of any situation like' Elaine Chao's reported conflicts of interest
(DBN)

NATO says it will act unless Russia destroys nuclear-ready missile
(DBN)

____________

Religion:

Catholic high school in Indiana fires gay teacher days after nearby school defied similar order To save its 'Catholic identity,' Indianapolis' Cathedral High School is firing a gay teacher
(DBN)

Clergy Abuse Victims and Perpetrators Have Changed Since 2000
(DBN)

Largest N.M. Diocese Files for Bankruptcy in Wake Of Sex Abuse Claims
(DBN)

Steve Bannon's Big Shot Friend In The Catholic Church Is Done With Steve Bannon
(DBN)

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Autos:

Japan Recommends $24M Fine for Nissan
(DBN)

Mitsubishi Motors Moving to Tennessee
(DBN)

____________

Economy:

Consumer confidence drops to lowest level since September 2017 Consumer confidence falls to nearly 2-year low on China trade tensions, job worries Consumer Confidence Is Falling Because of Trump's China Trade War
(DBN)

Fed chairman talks up importance of apolitical Fed Krugman: Like it or not, its next move will be political Fed chief Jerome Powell warns against policy bending to ‘short-term political interests’
(DBN)

Powell, Bullard dampen market hopes that Fed will deliver half-point interest-rate cut
(DBN)

Asia stocks slip as Fed’s Powell tempers rate cut expectations
(DBN)

Does Trump Deserve Credit For the Economy? The Numbers Say No.
(DBN)

Elizabeth Warren and Donald Trump Are Wrong About the Same Thing
(DBN)

In One Chart: A Decade of the U.S. Trade Deficit with China Mnuchin: China Trade Deal 90% Complete Trump and Xi meet Saturday — If it goes poorly, the global economy could teeter into recession U.S. refuses to make concessions on China tariffs: report FedEx lobs new attack on trade limits as China threat looms China might blacklist FedEx for not delivering Huawei phones. To save as much as $1.3 billion in Chinese deals, the package giant is now suing the Trump administration. How America's Biggest Companies Made China Great Again Major companies are ringing alarm bells, trying to warn Washington about more tariffs Fed's Bullard: Manufacturing being affected by global trade war US companies hunt for loopholes to beat China tariffs Trump's Trade War With China Is Already Changing the World It’s time to give up on the failed trade war strategy with China The US must decide if China owning part of Taylor Swift and Rihanna's record label is a national-security risk The Politics Of National Humiliation In The Trump-Xi Meeting Next Up In China Trade War: Sanctions? The Global Implications of an All-Out Trade War How the US-China Trade War Could Impact US-EU Negotiations and the WTO Global Trade Slumps in April as Trade War Dragged On Winners and losers in the US-China trade war Farmers are 'casualties' of Trump's trade war, agriculture secretary China's retail sales expected to slow as trade war looms Trade Wars Could End 10 Years Of Economic Growth Trade War Is Lose-Lose Situation Says HSBC's King Apple in front lines of Trump trade war Not every economist thinks the trade war is a huge deal; ‘look at the numbers’, says CME executive director China Warns US To Quit Attacking It
(DBN)

The Era of Free Trade May be Ending
(DBN)

Joe Biden Won’t Back the Trade Deal He Helped Sell
(DBN)

Federal debt set to rise over coming decades to highest levels since World War II, CBO says CBO projects 'unprecedented' debt of 144 percent of GDP by 2049 CBO forecasts ‘unprecedented’ debt levels as America ages
(DBN)

CBO cuts long-term debt forecast by 11 percentage points
(DBN)

CFOs see growth slowing, but no recession by 2020 Federated Sees U.S. Definitely Softening, But No Recession in Sight More Recession Signs Appear in U.S. Economy U.S. debt set to soar to "unprecedented levels" over next 30 years, CBO says
(DBN)

With spending caps looming, Congress repeats last year’s minibus strategy
(DBN)

Two-thirds of American employees regret their college degrees
(DBN)

In a milestone, most college-educated workers in the U.S. are now women
(DBN)

New poll: Capitalism is more popular than socialism
(DBN)

How would you vote to fix Social Security?
(DBN)

I’m in the 1 Percent. Please, Raise My Taxes Tax us more, say group of US billionaires
(DBN)

A Visual History of the Largest Companies by Market Cap (1999-Today)
(DBN)

Growth and decline in U.S. metropolitan population data
(DBN)

The Rise Of The Blue-Collar Noncompete
(DBN)

Millennial Consumers Primed to Reshape the US Economy
(DBN)

Distressed Debt Expected to Lift Loan Workout Activity in 2019, Survey Finds
(DBN)

9 surprising jobs where you make more money than a doctor but don't need a college degree
(DBN)

9 surprising jobs where you make more money than a doctor but don't need a college degree
(DBN)

10 American companies with the worst reputations
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

US new-home sales fell 7.8% in May New-home sales fall for the second month, but year-to-date pace is still up New Home Sales decreased to 626,000 Annual Rate in May A few Comments on May New Home Sales
(DBN)

Baby Boomers creating "near-gridlock" by aging in place
(DBN)

Mortgage Rates Tumble and This Is All We Get? New home sales fall to 5-month low as cheaper mortgage rates fail to revive demand
(DBN)

Trump signs executive order to tackle lack of affordable housing
(DBN)

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

Freddie Mac: Mortgage Serious Delinquency Rate Decreased in May
(DBN)

Risky Mortgage Bond Products Are Back, And Just In Time For One Last Good Bonus Season
(DBN)

Rent control law sends New York building values tumbling
(DBN)

The trade war is weighing on Chinese home buying in the US
(DBN)

Case-Shiller: National House Price Index increased 3.5% year-over-year in April
(DBN)

America’s most expensive home is now $155M cheaper
(DBN)

America’s housing market is competitive, unequal, and often just getting by. Just like us.
(DBN)

The rent is still too damn high and 2020 candidates finally want to do something about it
(DBN)

Here are the top 10 places to own a home and pay less in taxes
(DBN)

Inside Paul Manafort’s NYC loft, which the feds are selling for $3.6 million
(DBN)

Bankrupt Parade of Homes builder is millions in debt. Money found to pay some creditors
(DBN)

____________

Municipalities:

The Seattle suburb where Jeff Bezos and Bill Gates both live is running out of money
(DBN)

Grilled by grand jury examining ex-Puerto Rico adviser, official says New corruption allegations hit Puerto Rico’s government
(DBN)

____________

Oil/Gas:

In the Pipeline: Understanding Post-Sabine Midstream Contract Rejection Risk
(DBN)

Refinery faces possible return to bankruptcy after fire Philadelphia Energy Solutions seeks to permanently shut oil refinery - sources
(DBN)

Oil driller Dolphin to regroup after $1 billion bankruptcy Oil driller Dolphin declares bankruptcy with $1 bln debt
(DBN)

Who's More Unpopular Than Frackers? The Guys Helping Them
(DBN)

____________

Student Debt:

Here's what $1.6 trillion in student loan debt is doing to the U.S. economy
(DBN)

Where the 2020 candidates stand on student debt and college affordability
(DBN)

As student debt becomes a cultural touchstone, brands look to profit
(DBN)

____________

Healthcare:

Krugman: Red America’s homemade rural health crisis
(DBN)

Hospital Bed Maker Joerns Files Ch. 11 To Cut $320M In Debt
(DBN)

UP county backs hospital's effort to get federal loan
(DBN)

Dozens of Nursing Homes With HUD-Backed Mortgages Have ‘Serious Deficiencies’
(DBN)

The future looks terrible for nursing home costs
(DBN)

This debt could force you into bankruptcy, and it’s not student loans
(DBN)

In Secret, Seniors Discuss ‘Rational Suicide’
(DBN)

What Voters Really Want on Health Care
(DBN)

18% of ER Visits End with Surprise Bills, Report Says
(DBN)

Trump's Plan To Lower Your Hospital Costs: Here's What You Need To Know
(DBN)

Medicaid Work Requirements Haven’t Boosted Employment: Report
(DBN)

The Trump administration is trying to make an under-the-radar change to essential programs that would cut healthcare and food assistance for millions of people
(DBN)

____________

Football:

AAF investor Tom Dundon seeks $70 million back, claims misrepresentation in bankruptcy filing
(DBN)

____________

Crypto:

Mt. Gox Founder Can't Duck Calif. Investor’s Fraud Suit Mt Gox Founder Hit With Lawsuit Over Alleged Fraudulent Misrepresentation
(DBN)

____________

Weddings:

Wedding dress customizer Anomalie raises $13M as bridal stores crumble
(DBN)

____________

Mining:

Mesabi Metallics, facing setbacks, tries to build mine
(DBN)

____________

Boxing:

IOC strips Olympic status from troubled boxing body AIBA
(DBN)

____________

Logistics:

FedEx Loses $2 Billion, Warns of Headwinds
(DBN)

____________

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 (15 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (9 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:

Distressed Debt Expected to Lift Loan Workout Activity in 2019, Survey Finds
(DBN)

Infographic Of The Day: The 20 Biggest Bankruptcies In United States History
(DBN)

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Advisors:

GlassRatner Adds Veteran Restructuring and Forensic Investigations Professionals, Wayne Weitz and Coral Hansen
(DBN)

FTI Consulting Appoints Automotive Experts Pete Smidt and Patrick Flynn in Detroit
(DBN)

____________

Bankruptcy Policy:

The Creditors' Bargain Reconstituted: Comments on Barry Adler's The Creditors' Bargain Revisited
(DBN)

____________

Executory Contracts:

US Supreme Court Clarifies Treatment of Rejected Trademark Licenses and Other Executory Contracts in Bankruptcy
(DBN)

____________

Avoidance Actions:

Bankruptcy Judge Denies Madoff Trustee Summary Judgment in Clawback Suit
(DBN)

____________

Mediation:

Must Mediators of Disputes in Litigation be Lawyers?
(DBN)

____________

Bankruptcy Reform:

NACBA Calls to Restore the Student Loan Bankruptcy Discharge
(DBN)

Lawmakers Reconsider Bankruptcy for Student Loans
(DBN)

____________

Discharge:

SCOTUS Adopts "No Fair Ground of Doubt" Standard for Violations of Bankruptcy Discharge Order
(DBN)

____________

IP:

Preserving and Protecting Value Following the Recent Supreme Court Decision Shifting the Landscape on Intellectual Property Licenses
(DBN)

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Intercreditor:

Third Circuit Affirms Rulings That Distributions to TCEH First Lien Creditors Are Governed by the Bankruptcy Code Rather Than Intercreditor Agreement Waterfall Provision on Enforcement of Collateral Remedies
(DBN)

____________

Agribusiness:

Delgado: Raise bankruptcy debt caps for farmers
(DBN)

Trump's Agriculture Secretary Classifies Farmers As 'One of the Casualties' of China Trade War
(DBN)

Farm deluge starts to seep into America's fragile rural economy
(DBN)

How a Top Chicken Company Cut Off Black Farmers, One by One
(DBN)

____________

Personal Finance:

College Expert Praises Government Recommending Mandatory Financial Literacy Courses
(DBN)

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Media:

National Religious Broadcasters says finances are 'solid' amid reports of possible bankruptcy
(DBN)

____________

Cannabis:

Illinois becomes 11th state to legalize marijuana
(DBN)

____________

Retailing:

Fred’s to close more stores
(DBN)

Chico's private equity suitor just won't quit
(DBN)

Amazon to Joe Biden: We pay all the taxes we owe
(DBN)

Dozens of retailers are in Washington to testify about how Trump's next round of China tariffs could hurt them. Here's what they're saying.
(DBN)

FTD's Ch. 11 Sale Timeline, Employee Bonuses OK'd In Del.
(DBN)

The rise and fall of Payless ShoeSource
(DBN)

How Apollo Salvaged a Grocery Buyout Gone Horribly Wrong
(DBN)

Air Bed Co. Wants Sears' Ch. 11 Stay Lifted For Patent Suit
(DBN)

____________

Electricity:

PG&E bondholders propose bankruptcy exit plan worth up to $30 billion PG&E creditors push for rival Pimco-led restructuring plan PG&E creditors seeking alternative restructuring plan PG&E creditors want to take control of utility's $30 billion bankruptcy
(DBN)

If Elliott Wins, PG&E Would Change Its Name
(DBN)

PG&E Encourages Customers to Update Their Contact Information, So They Can Be Prepared for Public Safety Power Shutoffs PG&E investing a million dollars in wildfire risk reduction
(DBN)

____________

Autos:

May auto defaults stay below 1%
(DBN)

____________

Coal:

Cloud Peak Energy Announces Extension of Its Previously Announced Tender Offer for Holders of 2021 Notes to Participate in DIP Financing
(DBN)

____________

Aviation:

737 Max pilot sues Boeing for career damage, 'severe emotional and mental stress'
(DBN)

Boeing and Airbus made huge mistakes, but their dominance is under no threat
(DBN)

____________

Pharma:

Insys Bankruptcy Filing Immediately After Global Settlement Triggers Powerful Remedies
(DBN)

Fate of opioid litigation hinges on government 'police power'
(DBN)

How judges added to the grim toll of opioids
(DBN)

Tension brews between cities, states over opioid lawsuits
(DBN)

____________

UK:

AIG Can't Rehash Challenge To Unpaid Bonuses Ex-AIG Traders Win UK Judge’s Backing in Bid to Obtain $100M in Bonuses
(DBN)

Royal Finances Explained: Where Does Queen Elizabeth II Actually Get Her Money?
(DBN)

Johnson's tax plan expensive and benefits wealthy
(DBN)

Lloyds freezes 8,000 offshore accounts
(DBN)

Natixis’s H2O Lost $3.4 Billion in Three Days of Carnage
(DBN)

____________

Canada:

'Painful lessons' as real estate industry pushes for protections
(DBN)

China Stops All Imports of Canadian Meat
(DBN)

____________

MENA:

New Insolvency Law for the Dubai International Financial Centre ("DIFC") Issued
(DBN)

Deadline for submitting claims in Saudi AHAB case set
(DBN)

Trump accidentally named the wrong Supreme Leader of Iran, who has been dead since 1989 Trump threatens Iran with 'great and overwhelming force' after Tehran insulted him Trump sets new red line, threatening Iran with "obliteration" Israel will do 'everything' to stop Iran going nuclear: Netanyahu UK foreign minister Hunt says cannot envisage joining U.S.-led war with Iran Iran vows to ditch more nuclear curbs in war of words with US Trump's Iran Sanctions Are the Opposite of Madness Expert: Chances Of U.S.-Iran War Are At Least 50% Russia Warns US and Israel Over Iran Trump Keeps Talking About the Last Military Standoff With Iran — Here’s What Really Happened
(DBN)

____________

India:

Jet Airways share price surges 150% intra day ahead of NCLT order on insolvency plea, closes 122% higher
(DBN)

____________

South Africa:

Disintegrating State Companies Imperil South Africa's Finances
(DBN)

____________

Malaysia:

Resuscitating Malaysia Airlines now is a tough call: Jomo
(DBN)

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