May 10, 2019

The Daily Bankruptcy News

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Law:

Law Grads Hiring Report: Job Stats For The Class of 2018
(DBN)

Law School Set To Be Sanctioned After Investigation
(DBN)

The Law Schools With The Most Unemployed Graduates (2018)
(DBN)

This Top 10 Law School For Federal Clerkships Might Surprise You
(DBN)

Federal Court in Texas Affirms Dismissal of Negligence and Breach of Fiduciary Duty Claims Against a Law Firm, But Revives Aiding and Abetting Claim
(DBN)

Mayer Brown Partner Goes Public in Suit Against Houston Restaurant Over Alleged R---
(DBN)

George Washington University Loses Bid to Toss Pay Bias Case
(DBN)

Deloitte to offer advice on US employment issues for overseas clients through law firm alliance
(DBN)

The role of diverse skills in the ‘radically different’ legal services of the future
(DBN)

'Trolling for clients': The battle for new plaintiffs creates friction among lawyers and referral services
(DBN)

Big Four-Big Law Alliance Could Spur More Partnerships
(DBN)

30% of young lawyers in this state wouldn’t go to law school in a do-over
(DBN)

BigLaw firm donates $1M to civil rights group
(DBN)

Is Your Firm a Pyramid or a Diamond?
(DBN)

Freshfields first Magic Circle firm to pay NQs £100,000 salary
(DBN)

Irwin Mitchell surprise sacks 12 partners
(DBN)

R---- p-------- partner begs for anonymity
(DBN)

Tali To Close Down; Pioneered Voice-Enabled Time Tracking For Lawyers
(DBN)

Michael Cohen Seems Pretty Depressed About His Prison Sentence
(DBN)

There Is One Legal Out For Don Jr. And He Might Be Too Dumb To Take It
(DBN)

Judge Demands Unredacted Mueller Report Comey: “No doubt” that Trump would face obstruction charges if he wasn’t president The tense negotiations over whether Robert Mueller can testify before Congress, explained Decision to subpoena Donald Trump Jr. sets off a Republican firefight Judge to fast-track ruling on House subpoena for Trump accounting records Kamala Harris demands AG Bill Barr clarify testimony Pelosi: We're in a Constitutional Crisis Bob Woodward: No, We're Not Experts: Is This a Constitutional Crisis? Pelosi joked about jail in Capitol basement; does House have hoosegow?
(DBN)

What you need to know about executive privilege ‘Torture Memos’ Author: Trump’s ‘Blanket’ Denial of Congressional Subpoenas Would Be ‘Unprecedented’
(DBN)

New York Lawmakers Will Postmates Trump’s State Returns To Congress
(DBN)

Rod Rosenstein’s replacement just got one step closer to getting confirmed Rosenstein gets fond, jokey send-off from Justice Department Hundreds gather at ceremony to bid farewell to Rosenstein
(DBN)

Paul Manafort Disbarred by D.C. Top Court for Witness Tampering
(DBN)

Trump undercuts his effort to keep tax returns hidden
(DBN)

‘That Is a Total Violation’: Trump Calls for the Prosecution of John Kerry Under the Logan Act
(DBN)

Lawyer’s identity stolen by scammer asking timeshare sellers to send money for closing
(DBN)

Inmate who represented himself on appeal and in fourth trial wins acquittal on murder charge
(DBN)

Anita Hill: Sexual violence is a national crisis
(DBN)

Women are filing more harassment claims in the #MeToo era. They’re also facing more retaliation.
(DBN)

Chaos Erupts as Al. Abortion Bill Delayed
(DBN)

Harvard sanctions retired professor after finding he engaged in 'unwelcome conduct' toward several people
(DBN)

Trump: Why Can't We Just Shoot Asylum Seekers? Trump turns shooting migrants into a punchline at Florida rally Fact-checking the Trump administration's immigration fact sheet Mexico Wants to Legalize All Drugs and Get US to Do the Same U.S. Helped 12,587 Syrian Refugees in 2016. In 2018, 62. Now What, in 2019? 2019 Border Apprehensions Break 10-Year Record ‘Only Seven Months In’ Trump administration accused of blocking detained immigrants from free legal services
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New York State is Pretty Close to Outsmarting Trump’s Pardon Power
(DBN)

Prosecutors must maintain ethical conduct during misdemeanor plea deals, ABA ethics opinion says
(DBN)

The “heartbeat” bills that could ban almost all abortions, explained
(DBN)

When Was the Last Time American Children Were So Afraid? Anger, frustration and confusion in Colorado as shooting suspects set for court date Survivors Of The Colorado School Shooting Stormed Out Of A Vigil, Calling It A "Political Stunt" Chaos Over Arming Teachers in Florida Law
(DBN)

Disciplinary trial to proceed for officer accused in chokehold death of Eric Garner
(DBN)

Charges Dropped Against Florida Man with ‘I E** A**’ Sticker on His Truck
(DBN)

Mom Killed by 9-Year-Old Adoptive Son Worried She Was Raising ‘Next Serial Killer’: Daughter
(DBN)

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Judges:

Meredith Sue Grabill selected by Circuit to the position of Bankruptcy Judge for the Eastern District of Louisiana
(DBN)

Mystery Delays Push Divisive Top Court Issues Into Election Year
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Wall Street:

U.S. stock futures struggle for direction as China tariffs kick in Stock market futures fall after Trump says 'no need to rush' on China trade deal
(DBN)

US stocks lower at close of trade
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‘Trade deal trauma’ sees investors pull $20 billion from stocks in a week
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Layoffs:

Lordstown Long Shot? Skepticism Greets GM-Workhorse Talks
(DBN)

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Politics:

Trump Hits Second Highest Approval Rating
(DBN)

Bernie Sanders, Ocasio-Cortez want to cap credit card interest rates at 15% Bernie and AOC Team Up Against Companies That Prey on the Poor How Bernie Sanders would lower credit card fees
(DBN)

Bernie Sanders’s campaign staff just signed a historic union contract. Here’s what’s in it.
(DBN)

Trump's ghostwriter during years when he lost $1 billion says property developer had 'little idea of what he was doing and less interest in doing it' and spent his days looking at fabric swatches Trump's business success was media-made myth
(DBN)

Trump’s Allies Want to Clintonize Joe Biden
(DBN)

Trump Has Just One Trick—And It’s Not Working Anymore
(DBN)

New York Just Gave Congress a New Reason for Impeachment 10 million petition signatures delivered to Congress to impeach Trump Poll: Support for Impeachment Rising
(DBN)

George Conway Thanks Trump for Gifting Congress a New ‘Legitimate Legislative Purpose’
(DBN)

Trump's investments are earning him money in office. We need to know if it's clean
(DBN)

America’s Biggest Newspaper 70 Years Ago Sounded a Lot Like Trump Today
(DBN)

Once Upon a Time, Americans Believed in America
(DBN)

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Retailing:

Average Walmart store manager makes $175K; many employees earn below poverty line
(DBN)

Can Planet Fitness Whip Malls Into Shape?
(DBN)

Party City says it is closing 45 stores amid a global helium shortage
(DBN)

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Personal Finance:

The problem with debt ‘solutions’ is they can sometimes make things worse
(DBN)

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Autos:

Tate's got your car? Call Human Rights Commission
(DBN)

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Consumer Debt:

Credit bureaus draw the most consumer complaints to the CFPB
(DBN)

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Economy:

All the disturbing reasons behind the 'meteoric rise' in Americans' debt
(DBN)

Consumer Debt Sets New Record, But Rate Of Borrowing Could Be Slowing
(DBN)

Weekly Initial Unemployment Claims Decrease to 228,000
(DBN)

Fed officials are floating the idea of bringing back World War II-era policy
(DBN)

Trade Deficit Increased to $50.0 Billion in March US tariffs on China jump as deadline passes, China immediately says it will retaliate Here’s the hit U.S., Chinese and global economies could face as trade battle heats up This Is the Wrong Way to Deal With China US-China talks run up against tariff deadline Chinese companies brace for tariff hike as trade talks begin Here's why global stocks aren't sinking despite the US tariff hike Trump may have made it more difficult for the US to 'win' its trade war with China What trade war? China stocks jump after tariff hike US Trade Advantage Over China Won't Last U.S.-China Trade War Casualties Are Many And Likely To Get Worse Farmers, Execs Said No More Tariffs to Trump
(DBN)

NAFTA 2.0 in Danger of Dying in Washington
(DBN)

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

Americans want diversity in the workplace — but are skeptical about how to get it
(DBN)

Hotels: Occupancy Rate Increased Year-over-year
(DBN)

One out of every 11,600 people in San Francisco is a billionaire
(DBN)

Elizabeth Warren: Americans don't need cliché financial advice. They just need to be paid more
(DBN)

Millennials are wildly misjudging how much of their parents’ wealth they will inherit
(DBN)

US Debt Clock
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World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Maryland Bankruptcy Court Determines Priority of Homeowner Association Fees versus Mortgage Lender’s Deed of Trust
(DBN)

California Bay Area Home Sales Decline 4% YoY in April, Inventory up 18% YoY
(DBN)

Owners of 4 San Antonio apartment complexes seek bankruptcy
(DBN)

‘Build More Housing’ Is No Match for Inequality
(DBN)

HOA threatens foreclosure because homeowner’s truck looks old
(DBN)

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Municipalities:

Puerto Rico oversight board to take local governments under its wing Board extends power to cover Puerto Rico’s 78 municipalities
(DBN)

Puerto Rico’s Restructuring: A Brief Update
(DBN)

Oversight board certifies Puerto Rico fiscal plan
(DBN)

Fiscal Board Expected to Insist on More Budget Cuts
(DBN)

Banco Popular signs tolling agreement over role in 2014 Puerto Rico GO bond issuance
(DBN)

FactCheck: Democrats "don’t want money" to go to the Florida Panhandle for Hurricane Michael aid GOP proposes more Puerto Rico aid in latest offer to Democrats
(DBN)

The suffering of Puerto Rican people continues to mount
(DBN)

California governor unveils record $213 billion budget but says recession of $70 billion could hit coffers
(DBN)

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Oil/Gas:

North Dakota's Triangle Petroleum Files for Bankruptcy
(DBN)

The Hidden Subsidy of Fossil Fuels Fossil Fuel Subsidies Exceed Military Spending
(DBN)

Vancouver to Phase Out Gas Cars by 2040
(DBN)

OTC attendance down for 5th consecutive year
(DBN)

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Mail:

Stamps.com Stock In A Freefall As Investors Take Note That Company Is Empirically Obsolete
(DBN)

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Electricity:

In PG&E Bankruptcy, FERC Reasserts Concurrent Jurisdiction over the Disposition of Wholesale Power Contracts
(DBN)

Predicting the next power disaster
(DBN)

Judge: San Francisco can pursue fight with PG&E over charges
(DBN)

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Taxis:

Uber’s $8.1 billion IPO barely makes it into the top 10 US IPOs Uber and Lyft IPOs mean the cheap rides are coming to an end “It’s not right”: why Uber and Lyft drivers went on strike Softbank Made $3.8Bn on Uber Investment Uber settles with drivers over claims of being misclassified Driver strikes didn’t break Uber — but they showed gig economy workers are mad How Much an Uber Driver Really Makes
(DBN)

How Lyft Disguises Its Losses
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Healthcare:

Philadelphia: Addiction treatment center operator closes, files for bankruptcy
(DBN)

Trump to Congress: pass legislation to end surprise medical bills
(DBN)

Democrats launch health-care law rescue in face of Trump's threat of repeal
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Religion:

Pope decrees bishops must be directly accountable for abuse or cover-ups
(DBN)

Megachurch Pastor Renounces Faith and Quits
(DBN)

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Awards:

U.S. Senator Sherrod Brown Awarded NACBA’s 2019 Champion of Consumer Rights Award
(DBN)

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Food/Beverage:

Bankrupt Munchery's assets sold off as challenge to CEO’s salary looms in court CEO of Failed Startup Munchery Gets Massive Payout for Selling Company HQ
(DBN)

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Banking:

How stress tests fail
(DBN)

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Student Debt:

Democrats: Student loan debt should be eligible for bankruptcy relief
(DBN)

Student loan rates are dropping. Here's what you need to know
(DBN)

Tackling the high cost of student loan debt
(DBN)

A solution to college debt
(DBN)

New study reveals student debt at all-time high
(DBN)

Can Senator Warren Really Really Wipe Out $640 Billion in Student Loan Debt?
(DBN)

Minnesota House unanimously passes bill for financial relief for Argosy students
(DBN)

The Grind Won't Save Us, But Student Debt Forgiveness Might
(DBN)

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Education:

A school district was accused of “lunch-shaming” policies. It’s a national problem
(DBN)

Newbury College Is Closing. Alumni Say It Gave Them A Chance When No One Else Would
(DBN)

Study: Does Going to College Make You Richer or Poorer?
(DBN)

High School Senior Admitted To All 115 Colleges She Applied To, With $3.7 Million In Scholarship Offers
(DBN)

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New Bankruptcy Opinions
(7 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (31 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (24 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 Chapter 11 Filings 2009-19
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Safe Harbors:

District Court Applies Section 546(e) Safe Harbor to Customer of Financial Institution, Revitalizing Key Defense
(DBN)

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Automatic Stay:

Dicing it Up: Does a Sliver of the Automatic Stay Remain for Repeat Debtors?
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Ipso Facto:

Contract Corner: Termination in the Event of Bankruptcy Clauses Are Generally Unenforceable
(DBN)

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Bankruptcy Reform:

Congress weighs bankruptcy relief for student loan debt
(DBN)

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Discharge:

Can Obeying a Court Order Prevent Contempt Sanctions? (Taggart v. Lorenzen)
(DBN)

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Bar Dates:

Overcoming a Missed Bar Date Requires More Than Sympathetic Facts
(DBN)

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Miscellaneous:

Some Interesting Issues Facing Current Bankruptcy Cases
(DBN)

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Lehman:

Lehman Brothers Exhumed
(DBN)

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Marijuana:

Marijuana: Big Opportunities and Challenges for Insurers
(DBN)

Attorneys General pen letter to Congress urging marijuana reform
(DBN)

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Aerospace:

Elon Musk pokes fun at Jeff Bezos' new moon lander spacecraft with lewd tweet
(DBN)

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Music:

PledgeMusic Headed For Bankruptcy, Reportedly Owes Artists As Much as $3 Million The Industry Responds To PledgeMusic Bankruptcy
(DBN)

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Mass Torts:

J&J's Talc Defense Gets Harder After Cases Kept in State Courts J&J loses bid to transfer baby powder suits to 1 court
(DBN)

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Corporate Governance:

Chancery Applies Corporate Advancement Case Law to LLC Context
(DBN)

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Agribusiness:

Farmers 'Losing Their Patience' With Trump's China Trade War: GOP Senator
(DBN)

Chapter 12 Bankruptcies Don’t Fully Reveal the Pain in Farm Country
(DBN)

Facing Financial Pressure, KY Farmers Forced to Navigate Options
(DBN)

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Fraud:

Rhode Island Woman Arrested For $10 Million House Rehab Ponzi Scheme That Duped Step-Brother, Former Nanny
(DBN)

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Aviation:

Delta told workers to spend on video games and beer instead of union dues. It didn't go well.
(DBN)

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Coal:

Wyoming coal company pays property taxes, other bills remain
(DBN)

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UK:

Legal awards company investigated for wrongdoing
(DBN)

UK Air Passengers Set To Pay An 'Airline Bankruptcy Tax'
(DBN)

Debenhams creditors give green light for store closure plan Debenhams' creditors support CVA proposals Jobs at risk: Debenham's creditors approve deal
(DBN)

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PIIGS:

ie: Most companies entering insolvency incorporated over five years ago
(DBN)

Claims of Dunne's insolvency focus of defense's questioning
(DBN)

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Canada:

Alberta municipalities raising taxes to cover bankrupt energy companies’ unpaid bills
(DBN)

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India:

Is Jet Airways a lost cause now? State Bank of India says two bids received for Jet Airways India’s airlines cash in on collapse of debt-racked Jet Airways
(DBN)

Concerns on Going Concern: Proposed Amendments to Liquidation Regulations Need a Relook
(DBN)

Tweak in resolution process to open window wider for original promoters
(DBN)

This Anil Ambani company becomes the first to file for bankruptcy: 15 things to know
(DBN)

India seizes $860 mn of Nirav Modi, UK court denies him bail third time
(DBN)

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Brazil:

Brazil airline Azul says rivals blocked carrier from profitable route
(DBN)

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Africa:

University of Nairobi Declares Bankruptcy, Begs Government for Funds to Settle Debts
(DBN)

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North Korea:

Trump Told Supporters Kim Jong Un Killed His Uncle and Displayed His Head
(DBN)

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