May 13_, 2019

The Daily Bankruptcy News

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Law:

Ogletree Women Make Move to Preserve Bias Class Action
(DBN)

Can The Accounting Firms Unseat Biglaw?
(DBN)

These Law Firms Keep Their Partnership Ranks Lean
(DBN)

This Biglaw Firm Is At The Top Of The Billing Game
(DBN)

Coping With Stress And Addiction In The Legal Industry
(DBN)

Prosecutors drop case against BigLaw partner accused of leaving scene of boat crash
(DBN)

BigLaw firm’s new app for clients generates answers from database and on-demand lawyers
(DBN)

Ex-'First Mondays’ Host Ian Samuel Resigns from Law School
(DBN)

Megafirms Drive Thirst For Tie-Ups As Firms Scale Up
(DBN)

Craig Pushed Skadden to Hire Manafort Relative, U.S. Says
(DBN)

Twenty inquiries Trump is working to impede Self-impeach? Talk shifts toward Trump defiance of Congress Trump’s Troubling Rebuke of Congressional Oversight What does Pelosi mean when she says Trump could ‘self-impeach’? Trump's all-out war against House probes When Eric Holder Was Found in Contempt Time works against Democrats in Trump investigations. So does a lack of shame House Judiciary chairman Nadler endorses bundling contempt resolutions Don't let Trump run out the clock in court Trump Jr.'s Subpoena Endgame Trump Jr. is going by the family playbook. This time it may not work. Channeling maybe-yes, maybe-no Mueller: Speak, Bob, Speak! Schiff: Democrats considering fines of $25,000 a day for Trump officials who defy subpoenas Trump takes aim at McGahn, says he 'had a much better chance of being fired than Mueller' Ex-White House counsel Don McGahn rebuffed Trump’s request to say president didn’t obstruct justice Roger Stone asks court to toss out evidence, saying Russian hacking of Democrats in 2016 is 'assumption' White House pressured witness to say Trump didn't obstruct justice Trump started his Saturday by blasting out more than 60 retweets attacking Mueller, the Russia probe, and others Former top FBI lawyer defends Russia probe The FBI's former top lawyer said Mueller's obstruction findings are 'alarming' and show a 'pattern of corruption' Former FBI leaders rebut questions about the Russia investigation
(DBN)

Rudy Giuliani cancels Ukraine trip amid criticism he’s courting election interference  Schiff on Rudy's Trip: Takes Your Breath Away Giuliani explains the abrupt cancellation of his eyebrow-raising Ukraine trip
(DBN)

'Executive privilege' is a new concept built on a shaky legal foundation
(DBN)

A Celebration Of ‘Not Normal’ Times With Deputy AG Rod Rosenstein
(DBN)

The 23 women who have accused Trump of sexual misconduct
(DBN)

The fight for Trump’s tax returns just escalated House committee subpoenas treasury secretary, IRS commissioner over Trump tax House Subpoenas 6 Yrs of Trump Tax Returns
(DBN)

Harvey Weinstein's ex-lawyer loses position at Harvard despite bowing out of case
(DBN)

Justice Department seeks removal of Huawei's lead defense lawyer
(DBN)

Judge Strikes Down Ky. Abortion Law Alyssa Milano calls for sex strike to protest recent abortion bans The controversial abortion bills sweeping the country this week, explained 'Heartbeat' Abortion Bans Advancing in South, Midwest A sponsor of an Ohio abortion bill says you can reimplant ectopic pregnancies. You can't Could miscarriages land women in jail? Let's clarify these Georgia and Alabama abortion bills
(DBN)

A reporter declined to reveal his source. Then police showed up at his front door with guns
(DBN)

Passengers were waiting to board - then the pilot was arrested in a triple homicide case
(DBN)

Man regrets trying to pawn his baby for laughs on Snapchat
(DBN)

A couple uprooted a 180-year-old oak. A judge ordered them to pay nearly $600,000.
(DBN)

How facial recognition became a routine policing tool in America
(DBN)

Leaked Letters Reveal Details of NRA Chief's Alleged Spending A leaked NRA letter said the group's legal bills were 'draining NRA cash at mindboggling speed' and 'pose an existential threat'
(DBN)

LA: 1,000 Guns In A Single House and the Mystery Deepens What America’s gun fanatics won’t tell you
(DBN)

A man who reported that his 4-year-old stepdaughter had been abducted from him was just arrested in her disappearance
(DBN)

Julian Assange: Sweden will reopen case probe
(DBN)

Tesla CEO Elon Musk to face trial for calling one of the divers that helped rescue the Thai boys' soccer team a 'pedo'
(DBN)

Judge: Cops Can't Force You to Unlock Phone
(DBN)

Pentagon will shift an additional $1.5 billion to help fund Trump's border wall A group raised over $20 million to 'build the wall.' Now its supporters want answers Border Patrol stations have become so overcrowded that migrants are being flown to other less-busy stations to be processed Democrats ask federal watchdog to examine 'unprecedented' immigration backlog House Democrats want to stop Trump from returning asylum seekers to Mexico to wait HUD says 55,000 children could be displaced under Trump plan to evict undocumented immigrants She Stopped to Help Migrants on a Texas Highway. Moments Later, She Was Arrested
(DBN)

GOP Rep. Allen: Homosexuals are Worthy of Death?
(DBN)

65 years after Brown v. Board of Education, school segregation is getting worse The promise of historic Brown v. Board school desegregation ruling is 'at grave risk,' report says
(DBN)

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Judges:

BK ED PA: Announcement of the Retirement of Hon. Richard E. Fehling, Chief Bankruptcy Judge, effective May 31, 2019
(DBN)

Judge Andrea McCord Appointed as Bankruptcy Judge in Indiana Southern District Court
(DBN)

John Paul Stevens looks back on nearly a century of life and law, but worries about the future Justice Stevens on Donald Trump
(DBN)

Leave the Courts Alone
(DBN)

Should there be a duty of tech competence for judges? Survey raises questions
(DBN)

Suspects arrested in White Castle shooting of 2 judges won’t be charged at this time
(DBN)

Anita Hill: #MeToo could have started in 1991. Here’s why it didn’t.
(DBN)

Trump Wants to Limit Judges' Rights to Issue Injunctions
(DBN)

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Wall Street:

Dow futures point to more than 200-point decline at Monday’s open Dow futures down over 300 points amid stalemate over U.S.-China trade talks
(DBN)

Stocks rebound as hopes rise that trade tensions will ease
(DBN)

Trump 'marveled' at the fact one of his tweets seemed to move the stock market
(DBN)

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Layoffs:

The Robot That Picks Ripe Tomatoes Only
(DBN)

Amazon rolls out machines that pack orders and replace jobs
(DBN)

First Student to lay off nearly 300
(DBN)

Nearly 300 New Jersey teachers receive layoff notices
(DBN)

MyPillow lays off 150
(DBN)

TX: Trucking company lays off more than 100
(DBN)

Iron Bow Technologies, Novo Health to lay off 235 in Tampa
(DBN)

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Aviation:

Bristow files for Chapter 11 bankruptcy to fix balance sheet Bristow Group commences voluntary Chapter 11 bankruptcy proceedings Nearly $2 Billion in Debt, Bristow Files Bankruptcy Bristow bows to inevitable and enters Chapter 11 Bristow Announces Chapter 11 Bankruptcy Petition
(DBN)

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Health and Wellness:

Bankrupt LightRx aims to sell remains of spa chain
(DBN)

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Religion:

Pope Francis Stops Hiding From the Church’s Sexual-Abuse Epidemic
(DBN)

Two steps forward and one step back won't cleanse the Catholic Church
(DBN)

Franklin Graham tour bringing gospel, anti-LGBTQ message, controversy to CT
(DBN)

Attack on Catholic church kills six people in Burkina Faso
(DBN)

____________

Consumer Finance:

Revisiting small loans rules crucial to maintaining access to credit for vulnerable consumers
(DBN)

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Gambling:

Ad Hoc Group Accuses Silver Point of Filing New Cotai Bankruptcy to Cover 'Bad Acts' in Connection With Studio City International IPO, Will Seek Termination of Exclusivity to File Own Plan
(DBN)

____________

Autos:

Once-venerable Ford faces an uncertain future
(DBN)

Questions loom for Nissan with former chairman Ghosn gone
(DBN)

____________

Marijuana:

Cannabis companies failed their first big test, now they have a second chance
(DBN)

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Food/Beverage:

Mamtek case takes new twist with objections to settlement
(DBN)

____________

Privacy:

Equifax sets aside nearly $700 million for expected data breach payouts
(DBN)

____________


Economy:

Trump said to weigh Judy Shelton — author of op-ed ‘The case for monetary regime change’ — as Fed board pick
(DBN)

No Major Company Supports Trump on Call for Lower Interest Rates
(DBN)

Q2 GDP Forecasts: Around 2%
(DBN)

Cleveland Fed: Key Measures Show Inflation Close to 2% in April BLS: CPI increase 0.3% in April, Core CPI increased 0.1%
(DBN)

Federal Spending Sets Record Through April Washington is flirting with a debt crisis. No one has a plan to stop it CBO: New Budget Raises Deficit $2.7 Trillion
(DBN)

The gender wage gap is much worse than you think
(DBN)

The Explosive Growth of the EITC
(DBN)

Trump tariffs on China likely to cost 400,000 manufacturing jobs, group says Trump’s $50 Billion Tax Hike Trump to China: Act Now or I'll Make It Far Worse Here’s how hard the escalating tariff fight will hit the economy U.S.-China Trade War Casualties Are Many And Likely To Get Worse China Can Deliver a Deadly Punch to US Economy Here’s how China may retaliate to Trump’s tariff hike Beijing defiant on trade war: ‘No one should expect China to swallow bitter fruit’ Trump warns China not to retaliate Frustration, Miscalculation: Inside the U.S.-China Trade Impasse FactCheck: Trump Information on Trade Trump’s new tariffs will cost Americans about $500 per household, by one estimate US-China trade talks end with no deal — and more tariffs Kudlow acknowledges US consumers, not China, pay for tariffs on imports Kudlow contradicts Trump on a critical aspect of the China trade war The cost of Trump’s tariffs has fallen ‘entirely’ on US businesses and households: Goldman Trump economic adviser Larry Kudlow admits tariffs hurt Americans President Trump's tariffs, once described as negotiating tools, may be here to stay Risky politics? Trump wields his tariffs as a weapon at home China will not flinch in the face of US pressure, top negotiator says after talks Trump says China is making a losing bet that he’ll be beaten in the 2020 presidential election Trump warns China against new tariffs Prospects for trade deal suddenly darken as China looks for a way to save face Trump White House expects Chinese retaliation over trade tariffs Trump Trade Agenda on Verge of Imploding Michael Pillsbury On Why China Trade Talks Have Broken Down China names its trade-deal price with U.S. New Round Of Tariffs Takes A Bigger Bite Of Consumers' Budget Columbia GC: Tariff Uncertainty Requires Skilled Trade Arrangements Trump takes a page out of early American history with steep tariffs on Chinese goods Trump’s hard-line views on trade were formed long before he targeted China with tariffs Trump is Boxed in on Trade Krugman: Trump’s trade war is about more than economics
(DBN)

JP Morgan: The US-China tariff battle is just the start of a global trade reordering
(DBN)

US Teacher Shortage Has Become a Crisis The best and worst countries to be a teacher, based on salary
(DBN)

The Time Bomb in the Trump Economy
(DBN)

Trump wants to change how poverty is calculated — to make fewer people eligible for benefits
(DBN)

The top 15 countries with the most billionaires, ranked Asia-Pacific’s billionaire population tumbled last year
(DBN)

The Real Story of the Tulip Bubble
(DBN)

They Were Promised Coding Jobs in Appalachia. Now They Say It Was a Fraud
(DBN)

Senate Republicans really don’t want to raise taxes to pay for an infrastructure plan
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Mortgage rates slump for the third straight week as big questions dog the housing market
(DBN)

Mortgage Rates and Ten Year Yield
(DBN)

Leading indicators point to a May pick-up in home sales
(DBN)

SC shopping center bankruptcy adds to real estate legal thicket
(DBN)

Former Countrywide CEO Angelo Mozilo says the financial crisis wasn’t his fault
(DBN)

____________

Municipalities:

House passes Trump-opposed disaster-relief bill with more funding for Puerto Rico
(DBN)

Trump's Post Election Dream Plan Includes Gutting Puerto Rican Aid Puerto Rico gov slams Trump, seeks swifter storm recovery
(DBN)

Puerto Ricans already pay high energy prices. They could go higher.
(DBN)

Muni Lowdown
(DBN)

Reforming Institutions: The Judicial Function in Bankruptcy and Public Law Litigation
(DBN)

Least Expensive Cities for Retirees
(DBN)

____________

Oil/Gas:

Weatherford to file for Chapter 11 bankruptcy Weatherford shares plunge on plans to file for Chapter 11 bankruptcy Struggling oilfield service company Weatherford to file for Chapter 11 bankruptcy
(DBN)

The world’s richest institutions invest in fossil fuels. Activists are changing that.
(DBN)

____________

Politics:

'She feels like my neighbor': Elizabeth Warren is surprisingly winning voters on the campaign trail by not acting like a politician
(DBN)

Iowa Trump voters want Warren-style policies Trump backers applaud Warren in heart of MAGA country Warren Has Earned Her Wonk Reputation
(DBN)

Applying 'maximum pressure,' Trump faces burgeoning crises overseas
(DBN)

Ocasio-Cortez jokes about her ‘tax the rich’ approach, then compares the GOP to a fictional beet-farming paper salesman
(DBN)

President Trump takes over Fourth of July celebration, changing its location and inserting himself into the program
(DBN)

Is there anything Trump could do to lose the support of Republican senators? 'SNL' has the answer
(DBN)

GOP Senators Frustrated by Mulvaney
(DBN)

As Joe Biden seeks the Obama mantle, many Obama loyalists wait to see 'who lights a fire' Biden's entry into the Democratic race provides a jolt to the Sanders candidacy Trump says it would be 'appropriate' for him to talk to Barr about launching an investigation into Biden Joe Biden demonstrates how not to design a climate plan Florida takes shape as Joe Biden’s firewall Obama and Bush's former Defense Secretary says he doesn't know if Biden would make an effective president, says a president in their 70s is 'problematic'
(DBN)

How golf explains Trump. Seriously.
(DBN)

Why Bernie Sanders voted with 18 Republicans on the Export-Import Bank
(DBN)

Like Hannibal of antiquity, President Trump is baiting the Democrats into fighting on his turf
(DBN)

Rapper, financier charged with laundering money for Obama campaign
(DBN)

I’m the Longest-Serving Republican in the Iowa Legislature, and I’m Switching Parties
(DBN)

Charlie Munger: Democrats hate Trump 'so much that they're against him even when he's right'
(DBN)

What America’s swing voters think about climate change and energy
(DBN)

The Amazing, Disappearing Beto O'Rourke
(DBN)

____________

Healthcare:

'Who's going to take care of these people?'
(DBN)

AHN says it’s unsure how LifeCare bankruptcy will impact Harrison patients Business as usual for LifeCare Hospitals despite bankruptcy
(DBN)

“Am I a bad person?” Why one mom didn’t take her kid to the ER — even after poison control said to.
(DBN)

'Unprecedented' 100,000 hit by European Measles outbreak spreading at 'alarming' rate
(DBN)

Trump administration may try to keep parts of ‘Obamacare’ after claiming it’s unconstitutional
(DBN)

The Unaffordable Cost of Long Term Care
(DBN)

It's Not Just Prescription Drugs: Why Hospital Prices Are a Big Problem, Too
(DBN)

____________

Agribusiness:

For American Farmers, China's Soy Tariffs Are Least Of Their Worries
(DBN)

5th Circuit agrees nursery creditors do not have seniority among liens on bankrupt farm
(DBN)

Donald Trump’s plan to buy US$15 billion of crops for humanitarian aid does not thrill farmers
(DBN)

____________

Student Debt:

Good news for most student-loan borrowers: Interest rates are going down
(DBN)

Student debt is preventing the US from having a normal housing market
(DBN)

Warren, Nadler introduce bill to allow student loan borrowers bankruptcy relief
(DBN)

____________

Electricity:

PG&E's legal, regulatory problems keep growing — and could get worse
(DBN)

California May Go Dark This Summer, and Most Aren't Ready
(DBN)

____________

Crypto:

Ernst & Young to QuadrigaCX users: You're screwed QuadrigaCX owes creditors $160 million but has just $21 million in confirmed, accessible assets – Report
(DBN)

____________

Debt Collection:

Administration wants to change how often debt collectors can call, text or email
(DBN)

Why creditors and servicers should care about the CFPB’s proposed debt collection rules
(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 (50 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (15 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 Reform:

It could become easier for people with student debt to file for bankruptcy
(DBN)

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Personal Finance:

Bernie Sanders and Alexandria Ocasio-Cortez’s interest-rate cap could be the death knell for credit-card rewards programs
(DBN)

More women are paying alimony (as more wives become breadwinners)
(DBN)

Even Breadwinning Wives Don’t Get Equality at Home
(DBN)

Stormy Daniels on the most attractive quality in a man: ‘A good credit score’
(DBN)

____________

Coal:

Cloud Peak Energy Voluntarily Files For Bankruptcy Bankruptcy for Cloud Peak Energy Wyoming, Montana coal giant Cloud Peak files for bankruptcy Another Montana and Wyoming coal operator declares bankruptcy Bankruptcy beginning of the end for PRB coal powerhouse First Day Dec
(DBN)

How the West Virginia coal industry changed federal endangered species policy
(DBN)

New York to phase out coal by 2020 through strict emissions regulations
(DBN)

____________

Holidays:

The woman who invented Mother's Day came to hate it
(DBN)

____________

Aerospace:

Space Rocket Billionaires Are Unsubtly Referencing Their Actual P------ On Twitter… Again
(DBN)

Elon Musk made another 420 joke while unveiling 60 high-tech satellites that could transform the Internet
(DBN)

____________

Taxis:

Uber goes public valued at $82 billion in the year's biggest IPO Uber: Worst Preforming IPO in History Uber had the worst first-day dollar loss ever of any US IPO These charts from Uber’s IPO filing show why investors are nervous Uber's Failed IPO Could Haunt It for Years Uber wipes out $655 million of investor wealth in its opening day Uber's underwater investors
(DBN)

Lyft's Stock is Crashing
(DBN)

The Uber strike should worry investors and the company because it points to a fundamental problem with its business model Uber and Lyft Face Hurdle of Finding and Keeping Drivers
(DBN)

Just one day after IPO, Uber driver allegedly tried to kidnap two female passengers
(DBN)

The Future According to Uber
(DBN)

Uber and Lyft drivers reveal the things you should never do while taking a ride
(DBN)

____________

Retailing:

Retail's 'survival of the fittest' will cull the weak, Moody's says
(DBN)

Amazon's shift to one-day Prime shipping could prove a big challenge to 2 breeds of retailers
(DBN)

Steinhoff casts doubt on future as writedowns hit $17B
(DBN)

Stores closing their doors can blame themselves and shoppers
(DBN)

____________

Pharma:

Insys says it may be forced to file for bankruptcy due to litigation cash crunch Engulfed in legal trouble, bankruptcy could be the answer for opioid drugmaker Insys
(DBN)

Teva’s Shady Legal Past Still Weighs on the Debt-Laden Pharma Company
(DBN)

Big Pharma lawsuits: Connecticut claims hundreds of drug prices fixed
(DBN)

Trump’s Big, Uncertain Step to Lower Drug Prices, Explained
(DBN)

____________

Education:

Harvard Professor Believes 50 Percent Of Colleges Will Go Bankrupt In The Next 10-15 Years
(DBN)

____________

UK:

Can directors file an out of hours administration appointment?
(DBN)

Airline Insolvency Overhaul: a summary of the final report of the Airline Insolvency Review
(DBN)

London mayor: Trump 'not in same class' as Obama and Bush, not worthy of state visit
(DBN)

Poll: Theresa May headed for historic defeat The White Walkers of Brexit Ride Again The Conservatives plummet to their worst poll rating in over 20 years Remain Wars: Britain's anti-Brexit parties are tearing each other apart Running down the clock: How British politics fell into a Brexit coma UK: Brexit Party Polls Highest of All
(DBN)

____________

EU:

Round 2 -- Do the Euro CACs Have to be Used if There is a Need to Restructure a Euro Area Sovereign's Debt?
(DBN)

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PIIGS:

Greece Risks Sanctions From Creditors on Tsipras Surplus Cut Greece's Creditors Ponder Sanctions Over Tsipras Handouts
(DBN)

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Canada:

Newfoundland and Labrador Debt Heading Toward Insolvency
(DBN)

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India:

Institutional creditors may have to fork out liquidation costs upfront
(DBN)

Why India's Insolvency and Bankruptcy Code is Slowly Imploding
(DBN)

IBC: Bankruptcy Regulator Proposes Easier Withdrawal Framework
(DBN)

Etihad Airways among three to submit financial bid for Jet Airways Jet Airways future remains grounded as banks seek investors
(DBN)

Lenders’ differences, legal challenges behind delay in resolutions under IBC
(DBN)

Sold by father and r---- by buyer's creditors, woman sets self on fire
(DBN)

____________

Nigeria:

Only 10 Nigerian states economically viable, 17 bankrupt
(DBN)

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MENA:

US Sends Another Warship and Missiles to the Middle East U.S. warns merchant ships of possible Iranian attacks; cleric threatens U.S. fleet US Claims Iran May Attack Oil Tankers Iran commander calls U.S. military in Gulf a target not a threat Saudi oil tankers including one bound for US hit by ‘sabotage attack’ amid Iran standoff War with Iran is Unlikely
(DBN)

U.S. Embassy in Baghdad issues security alert for American citizens
(DBN)

Pakistan to accept $6 billion bailout from IMF
(DBN)

____________

Venezuela:

Maduro's foes fill embassies in Venezuela as crisis deepens Florida Republicans warn that Trump's Venezuela policy is at risk of backfiring Venezuela's Guaidó asks for relations with US military Venezuelan general tells military to ‘rise up’ against Maduro regime
(DBN)

____________

Argentina:

Secret archives show US helped Argentine military wage 'dirty war' that killed 30,000
(DBN)

____________

Poland:

Polish nationalists protest at law on restitution of Jewish property
(DBN)

____________

China:

Twelve Years to Sharpen One Sword: The 2006 Enterprises Bankruptcy Law and China's Transition to a Market Economy
(DBN)

China’s yuan slumps to 2019 low as trade war escalates
(DBN)

China auto sales fall for 10th month
(DBN)

____________

Croatia:

Croatia's Uljanik shipyard in Pula placed in bankruptcy
(DBN)

____________

Germany:

Germany staves off a retail 'apocalypse' — for now
(DBN)

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