May 16, 2019

The Daily Bankruptcy News

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Law:

A Year After Associate Salary Hikes, Added Expense is Catching Up With Firms
(DBN)

Law Firm Success Slowed Momentum for Change, Survey Says
(DBN)

A Look At The Staggering Harassment Numbers In The Legal Profession One in Three Female Lawyers Harassed, Report Finds Third of Female Lawyers Have Been Harassed, Report Finds Bullying and harassment rife among lawyers, global survey finds ‘He threw a phone at my head’: International survey reveals bullying rife in the legal profession Lawyers risk hypocrisy in #MeToo scandal
(DBN)

Legal profession at risk of mental health hypocrisy
(DBN)

How Freshfields’ £100k NQ pay will change the profession
(DBN)

Creditors of Failed Bank Go After Its Ex-General Counsel
(DBN)

Who Is Michael Avenatti's New Criminal Defense Lawyer in California Bankruptcy Fraud Case?
(DBN)

How to effectively network with people much younger than you
(DBN)

There Are A Heck Of A Lot Of Lawyers At This Biglaw Firm
(DBN)

Dean Of Elite Law School Joins Fight To Lower California Bar Exam Cut Score
(DBN)

An Important Lesson For Law School Graduates: ‘Nobody Really Knows What They’re Doing. Nobody.’
(DBN)

Georgia Argues That Public Access To Its Laws Constitutes ‘Terrorism’
(DBN)

Booming Legal Tech Market Draws Attorneys Looking for New Path
(DBN)

General counsel turnover increases 65 per cent
(DBN)

No 'do-over' on Mueller probe, White House lawyer tells House panel, saying demands for records, staff testimony will be refused Trump lawyer argues Congress can’t seek president’s financial records for law enforcement purpose House Democrats Probe Trump Lawyers’ Role in Cohen Testimony Trump legal team slams House Dems for investigating possible Russia probe obstruction Will the courts stop the insanity? A majority of voters want Mueller to testify in front of Congress The House has the power to arrest people who defy its orders Mnuchin Tells Congress to Go Pound Sand Treasury Secretary Steven Mnuchin signals he won’t comply with subpoena for Trump tax returns Barr's pick to investigate Mueller probe's origins has history of penetrating FBI Attorney General Bill Barr asked Pelosi if she ‘brought her handcuffs’ to gathering William Barr and Nancy Pelosi's Reported Encounter on Capitol Hill Is Really Something In Lengthy Letter, WH Counsel Claims There Are Multiple 'Legal Flaws' with Dem Demands Judge to Rule Quickly on Congress Subpoena Why Senate Republicans are fracturing over Donald Jr.’s testimony
(DBN)

A look inside Mueller’s office: Moot courts, job interviews and potluck parties
(DBN)

Legal Experts: Jeff Sessions 'Likely Violated Federal Conflict of Interest Regulations'
(DBN)

Author of flattering Trump biography gets pardon from Trump Trump issues pair of pardons to conservative advocate, former publisher
(DBN)

Federal Judge Exposes Sloppy Mistakes by Roger Stone’s Legal Team, Gives Them Two Days to Recover
(DBN)

Lindsey Graham Introduces Legislation to Overhaul Asylum Process, Says ‘Building a Wall’ Isn’t Enough Trump’s new immigration plan emphasizes skills and education over family connections What we know about Kushner's big immigration plan Trump is gearing up to announce a new immigration plan, but neither Republicans or Democrats are enthused TSA to deploy hundreds, including air marshals, to border Chart: How immigration levels in the U.S. have changed since 1900 Migrant child dies in US custody; 4th since December The U.S. Is Trying to Deport A Two-Year-Old Child, Even Though It Recognizes His Twin Brother As A U.S. Citizen Stephen Miller Was Planning the Mass Arrests
(DBN)

Latin Americans Emerge as Source in U.S. Cash-for-Visas Program
(DBN)

DOJ Wants SCOTUS to Overturn NYC Gun Law
(DBN)

'One of the strangest cases': A dead professor, a hot tub and a suicide baffle police
(DBN)

Lawyer charged in marriage-fraud scheme operating in US and Vietnam
(DBN)

Heiress Downplays Holocaust's Forced Labor
(DBN)

Economists conducted a $5 million experiment to (literally) shed light on crime
(DBN)

Email Bungle Earns Law Firm Extra Work
(DBN)

8 Year Old Accidentally Shoots Mom at Game
(DBN)

Saga of Chinese mole reads like a spy thriller
(DBN)

Man Arrested After Allegedly Driving Around with Dead Wife’s Upside-Down Body in Passenger Seat
(DBN)

Man Wielded Cheeseburger In Domestic Battery
(DBN)

Maximum Security owners file lawsuit over 'bizarre' Kentucky Derby disqualification
(DBN)

San Francisco supervisors vote to ban facial recognition technology by city agencies
(DBN)

Teen believed to have jumped to death after Instagram poll on whether to suicide
(DBN)

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Judges:

BK SD FL Uses Its Wildcard For A 4-Day Weekend
(DBN)

BK ED & WD AR Seek Term Law Clerk
(DBN)

The race to overturn Roe v. Wade looks to a Supreme Court that prefers gradual change Yes, Roe really is in trouble Alabama Criminalizes Abortion as a Felony Punishable by 99 Years The New Abortion Bills Are a Dare Televangelist Pat Robertson: Alabama's abortion ban is 'extreme' and has 'gone too far' Legal battle heats up as more states test strict abortion bans GOP's frontal assault on Roe v. Wade shows they understand power Democratic 2020 candidates warn Roe v. Wade at stake after Alabama abortion ban's passage 3 women had a voice in Alabama Senate as 25 men passed abortion ban Georgia ‘heartbeat’ bill will force a lot of men to pay, literally Alabama: Abortion Is Worse Than the Holocaust and Other 'Crimes Against Humanity' Combined Alabama's abortion bill is not about Alabama. It's about tossing Roe v. Wade Abortion in America - Probably a Goner Alabama Republicans want to overturn Roe v. Wade. Their strategy could backfire Alabama law moves abortion to the center of 2020 campaign Missouri senate passes anti-abortion bill that bans termination from 8 weeks, days after Alabama and Georgia pass similarly hardline laws
(DBN)

Romney breaks with GOP to oppose President Trump's judicial pick who called Obama 'un-American impostor'
(DBN)

This was the worst decision during my 35 years on the Supreme Court, retired justice says
(DBN)

Trump Hits 40 Appeals Court Appointments as Lee Confirmed
(DBN)

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Wall Street:

Stock futures steady as investors weigh latest trade salvos Stocks are dipping as Trump's 'meddling' fuels market anxiety
(DBN)

Stocks close higher for third time in four sessions on growing trade optimism
(DBN)

The 'single-best leading indicator for stocks' in recent history is predicting doom
(DBN)

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Layoffs:

Layoffs Hit Both Disney and Fox
(DBN)

AT&T Promised 7,000 Jobs. But Fired 23,000
(DBN)

Robots Take the Wheel as Autonomous Farm Machines Hit the Field
(DBN)

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Mass Torts:

The stunning toll of Boy Scout sex abuse: More than 12,200 reported victims Abuse Scandal May Drive Boy Scouts of America to Bankruptcy
(DBN)

Gymnasts to Texas Lawmakers: Allow Abuse Victims to Sue Institutions
(DBN)

North Carolina AG sues e-cigarette maker Juul, says it ‘downplayed’ dangers of nicotine to children
(DBN)

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Healthcare:

People should be able to get health care without going bankrupt, GoodRx co-CEO says
(DBN)

Reid Health to buy part of bankrupt hospital network
(DBN)

Dealing With Hospital Closure, Pioneer Kansas Town Asks: What Comes Next?
(DBN)

Trump mulling more medical price transparency
(DBN)

Colorado aims to end surprise out-of-network medical bills with new law
(DBN)

Oregon vaccine bill dead as US measles count soars Despite Measles Warnings, Anti-Vaccine Rally Draws Hundreds of Ultra-Orthodox Jews Anti-vaccination rallies are drawing crowds — even during the measles epidemic This Chilling Simulation Shows What a Measles Outbreak Could Do to Your City
(DBN)

Colorado aims to end surprise out-of-network medical bills with new law
(DBN)

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Aviation:

Audio recording reveals Boeing resisted angry calls from pilots for 737 Max fix in November
(DBN)

Alitalia unions call for strike June 24 as relaunch plan drags on
(DBN)

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Electricity:

Officials: Camp Fire, deadliest in California history, was caused by PG&E electrical transmission lines Cal Fire determines PG&E equipment caused California's deadliest fire Cal Fire reaches quicker, divergent conclusion in Camp fire from 2017 Tubbs inferno
(DBN)

California Governor Pushes to Limit PG&E’s Bankruptcy Extension Gavin Newsom blasts PG&E in court filing: ‘Mismanagement, misconduct and failed efforts’ ‘Incredulous’: Newsom pushes PG&E to move faster in bankruptcy case
(DBN)

House Dems walk out on nuclear bailout hearing, citing lack of transparency
(DBN)

Santee Cooper sues VC Summer contractor Westinghouse over abandoned nuclear equipment
(DBN)

How Much Electricity Costs in Every State
(DBN)

Trump Wants to Privatize Public Utilities
(DBN)

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Student Debt:

Student loan rates drop, but cost of borrowing is still too high
(DBN)

One Way to Tackle the Student Loan Crisis: Bankruptcy Court
(DBN)

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Steel:

Defunct steelmaker's global HQ to be imploded
(DBN)

In Baltimore, Visions of Life After Steel
(DBN)

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Agribusiness:

Go Fund Farmers: Hear from family facing financial crisis
(DBN)

Trump administration has paid farmers $8.52 billion in aid to offset trade war
(DBN)

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Economy:

Retail Sales decreased 0.2% in April Trump tax cuts don’t appear to be enough as retail sales slow
(DBN)

Net Worth of the Average American Family
(DBN)

Industrial Production Decreased 0.5% in April
(DBN)

A Recession Indicator is Flashing Red
(DBN)

NY Fed: Manufacturing "Business activity picked up significantly in New York State"
(DBN)

This is what it takes to be counted among the wealthy in America
(DBN)

All the ways Gen X is financially wrecked
(DBN)

A big chunk of the GOP, including several senators, are pushing back hard against Trump's trade war Trump administration to delay auto tariffs by up to six months: Sources Dow rises more than 150 points, erases 190-point drop as Trump delays auto tariffs Why the United States and China Couldn't Settle on a Trade Agreement Mnuchin says he expects to go to Beijing to continue trade talks 'in the near future' China’s state mouthpieces are taking an aggressive tone on the trade war US-China Conflict 20 Years in the Making China Sells Most US Treasuries in Years As the China trade dispute drags on, Trump is still ‘playing with the bank’s money’ Trump's trade war puts animal spirits on endangered list Thought Trade Wars Were Easy to Win Part 2 Trump FactCheck: Tariffs are "paid for mostly by China, by the way, not by us." Five ways the trade war will hurt American shoppers In the battle of Trump personalities, ‘Tariff Man’ is winning, and Wall Street isn’t ready for it China voices strength, pushes nationalism around trade war Trump tells advisers he will not de-escalate trade war Latest data shows surprise slowing in US, China economies as trade war escalates There's a revealing puzzle in the China tariffs How to escalate a trade war, Chinese Communist Party style US bikemaker feels he foots the China tariff bill Trump’s puzzling trade war with China, sort of explained Trump is taxing Americans to support farmers struggling from his trade war Trump declares national emergency over threats against US technology amid campaign against Huawei The top false claims Trump makes about trade
(DBN)

Trump’s two worst economic ideas collide
(DBN)

Trump targets Huawei in move to ban foreign telecom equipment Here’s how Trump’s latest executive order could affect Huawei China says any further action against companies like Huawei could escalate tensions Trump's Huawei ban could spark a tit-for-tat fight with Beijing that puts Apple in the middle of the crossfire President Trump's national emergency likely won't stop you from buying a Huawei phone, much less an iPhone. Here's what it means for you.
(DBN)

Millions of senior citizens can’t afford food — and they’re not all living in poverty
(DBN)

U.S. Births decreased in 2018, "Lowest number of births in 32 years" America’s declining birth rate foreshadows some tough financial times ahead The historically low birthrate, explained in 3 charts
(DBN)

Map: Where the world's population is growing and shrinking
(DBN)

Bank of America raises minimum wage to $17 per hour
(DBN)

Abigail Disney just gave a searing indictment of American capitalism
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Avoiding Mortgages: Not All Typos Are Fatal
(DBN)

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

Trump’s trade war with China doesn’t bode well for an already shaky U.S. housing market
(DBN)

NAHB: "Builder Confidence Posts Solid Gain in May"
(DBN)

MBA: Mortgage Applications Decreased in Latest Weekly Survey Mortgage applications slide 0.6% from last week
(DBN)

There are now 12.1 million homeowners getting ready to list their house
(DBN)

This state has the most depreciating housing markets than any other
(DBN)

"We Have Way Too Much Retail Space"
(DBN)

Climate risk poses a threat to long-term lending in Florida
(DBN)

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Municipalities:

‘Aurelius risk’ cited as roadblock in Puerto Rico fiscal board effort to pursue claims
(DBN)

U.S. Treasury sued for information on Puerto Rico fiscal board appointments
(DBN)

Fee examiners raise alarm about Puerto Rico board petition for extension
(DBN)

End near for disaster aid negotiations
(DBN)

Democrats Question Why FEMA Hasn’t Fixed Puerto Rican Hospital
(DBN)

Chicago Ranked As Having Highest Tax Burden Of Any Major City
(DBN)

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Oil/Gas:

EdgeMarc Energy Files for Bankruptcy, Blames Revolution Pipe EdgeMarc Energy Initiates Sale Process Expects to Implement Sale through Chapter 11 Restructuring Following Explosion of Revolution Pipeline New Delaware Chapter 11 Filing – EdgeMarc Energy Holdings, LLC
(DBN)

Shale Boom Belies Oil Patch Pain Amid Series of Bankruptcies
(DBN)

Warren Buffett, Fear, and Greed in Fracked Oil Fields
(DBN)

2038: Over Half of Cars Will be Electric
(DBN)

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Politics:

Socialism: A short primer
(DBN)

Trump's Aides Ignore His Orders
(DBN)

White House launches online form to report ‘political bias’ Until now, live-streamed killings seemed like something we could all agree to be against. But Trump apparently believes there's a bigger social-media problem White House escalates war against tech giants with a campaign asking users to share stories of censorship
(DBN)

Poll: Biden leads Trump by double-digits among Pennsylvania voters Biden expands lead over rivals for 2020 U.S. presidential nomination despite lack of support from Millennials Biden’s Early Dominance Tests the Strength of Democratic Left Bernie Sanders ramps up his attacks on Joe Biden Biden plots an early kill Former Starbucks CEO Howard Schultz is cooling it on his potential 2020 presidential run because of Joe Biden
(DBN)

How the Media Fell Out of Love with Beto
(DBN)

Trump's businesses are faltering and a myth is dying Why Are Trump's Businesses in Trouble? It's All in the Name
(DBN)

New York City Mayor Bill de Blasio will be the 23rd Democrat to announce a 2020 presidential campaign
(DBN)

Tax specialists: Trump suggestion $1B losses were write-offs tells just part of the story
(DBN)

House Democrats probably not headed toward impeaching Trump, Nadler says We’re ‘probably’ not headed for impeachment, but Trump makes it ‘difficult’ to avoid, Nadler says House Dems fall in line with Pelosi's no-impeachment strategy despite Trump's defiance
(DBN)

Trump uses official White House event to mock Democratic presidential rivals
(DBN)

Warren gives Fox News a debate it didn't ask for
(DBN)

Where 2020 Democrats stand on appearing on Fox News
(DBN)

Michigan GOP lawmaker accused of trying to sell vote, lying to FBI
(DBN)

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Retailing:

Weak Retail Sales Points to Slower Economy
(DBN)

The Last Thing Macy's needs is a trade war
(DBN)

Watch out — Amazon and Walmart’s next-day shipping could bust your budget
(DBN)

Walmart reveals how it plans to pull off next-day shipping — and it's not what anyone expected
(DBN)

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Telecoms:

Windstream reports 1Q loss of $2.3 billion amid bankruptcy cloud, executive pay Bankruptcy Judge Approves Up to $24M in Bonuses for Windstream Execs Uniti Group Shares Tumble On Windstream Holdings Commentary
(DBN)

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Environmental:

FactCheck: Race is No.1 indicator for location of toxic facilities
(DBN)

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Religion:

Police execute search warrant at Catholic Diocese of Dallas Dallas police raid Catholic diocese properties Dallas police raid Catholic diocese in investigation of alleged abuse by clergy
(DBN)

Winston-Salem church founded in 1893 faces foreclosure sale
(DBN)

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Trucking:

Disruption: The next Uber will come from the $1.2 trillion global truck and shipping industry
(DBN)

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Travel:

What’s Old Is New Again: TWA Hotel Opens At JFK Airport
(DBN)

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Autos:

Tesla’s Woes Increase as Stockholder Requests Records After Musk Tweets Tesla is losing another top executive amid a brutal week for the electric automaker Tesla's 'huge' valuation is hard to justify, analysts say
(DBN)

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Polymers:

Hexion Gets OK To Implement Ch. 11 Restructuring Deal
(DBN)

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Celebs:

Bank claims DMX ‘abused’ bankruptcy system to nix Mt. Kisco home foreclosure
(DBN)

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Fraud:

Georgetown Says It Will Expel Two Students Amid Admissions Scandal Student Falsely Identified as Tennis Player in College Application Sues Georgetown University Student Sues Georgetown After His Dad Is Busted in Admissions Scandal
(DBN)

College Admissions Scandal Just Got Worse
(DBN)

Barclays, Citigroup and JP Morgan among banks fined $1.2 billion for forex rigging
(DBN)

Ex-UBS Compliance Officer Says Burner Phone Gift Was ‘Strange’
(DBN)

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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 (32 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (16 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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Avoidance Actions:

Update: Connecticut Agrees with New York Precedent That Tuition Payments by Insolvent Parents May Be Fraudulent Transfers
(DBN)

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Insiders:

Texas Bankruptcy Court Rejects Claim That Attorneys Were Non-Statutory Insiders
(DBN)

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Tax:

SCOTUS Asked To Look At Ownership Of Refunds From Consolidated Tax Returns
(DBN)

Bankruptcy Law — Rethinking the Discharge of Late Filed Taxes in Consumer Bankruptcy
(DBN)

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Litigation:

Why Some Good Lawyers Make ‘Bad’ Arguments
(DBN)

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TBTF:

Brown Slams Mnuchin's Proposed Changes to Nonbank SiFi Designations
(DBN)

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Marijuana:

Sowing the Seeds of Marijuana Bankruptcy: a Look at Garvin v. Cook
(DBN)

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Attorney's Fees:

Recent Case Benefits Chapter 11 Debtors with Over-Secured Creditors Seeking to Recover Legal Fees
(DBN)

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Ch. 13:

"No Money Down": Good News for Debtor Counsel: Ruling Allows Reimbursement in Bankruptcy Cases
(DBN)

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Resorts:

President Trump's prized Doral resort in Florida is in steep decline, according to company documents, showing his business problems are mounting
(DBN)

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Consumer Finance:

Trump administration may overhaul rules limiting bank overdraft fees
(DBN)

Fact Check: Payday loans in Wisconsin average 574% annual rate
(DBN)

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Media:

Salon Media Announces $5 Million Sale, ‘Bankruptcy and Liquidation’ Threatened If Deal Fails
(DBN)

Bob Nutting might purchase bankrupt newspaper
(DBN)

Reading Eagle warns of mass layoff as auction deadline looms Wednesday last day for potential buyers to submit bids for Reading Eagle Bids received to buy bankrupt Reading Eagle Company
(DBN)

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Pharma:

The Sackler family made their fortune in opioids — and museums are rejecting their donations Met says no more Sackler money, cites opioid links
(DBN)

The impending market fight over Earth's costliest drug
(DBN)

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Entertainment:

Harvey Weinstein’s former studio seeks liquidation in bankruptcy court The Weinstein Company is cutting its losses after the fallout from Harvey Weinstein's alleged misconduct scandal. It now plans to sell off its remaining assets.
(DBN)

Ryan Kavanaugh Resurfaces
(DBN)

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Maritime:

Singapore's sovereign wealth fund, Temasek, rescues debt-laden carrier PIL
(DBN)

Banks eye Hanjin PH debt resolution
(DBN)

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Education:

The strength of the public education system in every US state, from worst to best
(DBN)

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E-Cigarettes:

Federal judge orders FDA to begin review of e-cigarettes
(DBN)

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Textiles:

An imperfect union: What went wrong at Robert Allen Duralee—and what’s to come?
(DBN)

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Banking:

A bank regulator said he was tough on Wells Fargo. Sen. Warren was not impressed
(DBN)

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Taxis:

NLB: Uber Drivers Cannot Unionize
(DBN)

New Uber Feature: S--- U-
(DBN)

Ride-share drivers run up debt to keep jobs in Uber 'casino'
(DBN)

He's accused of war crimes and torture. Uber and Lyft approved him to drive.
(DBN)

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UK:

New 'superfunds' gear up to manage Britain's deficit-ridden pensions
(DBN)

Conservative MPs launch fresh bid to oust Theresa May as she heads for final Brexit defeat In what may be Britain's last European election, Nigel Farage's new Brexit Party is expected to dominate
(DBN)

Thomas Cook slumps to £1.5bn loss as firm warns over Brexit uncertainty
(DBN)

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China:

Energy Firm’s Troubles Deepen as Bond Listings Suspended
(DBN)

A flood of toxic loans in China is a bonanza for debt buyers
(DBN)

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India:

IBC hits and misses
(DBN)

Yes, bank on things being worse than they look
(DBN)

IndiGo falls as carrier's promoters fall out
(DBN)

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Brazil:

Brazil telecoms firm Oi's revenue continues to fall in Q1
(DBN)

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South Africa:

Not Even Debt Swelling to $35 Billion Fazes Eskom's Bondholders South Africa's Ramaphosa says to speed up economic reforms, fix Eskom
(DBN)

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Congo:

Congo Nears Restructuring of Oil Loans, Unlocking IMF Cash
(DBN)

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MENA:

Top British General Calls BS on New Iran Threat Why war with Iran is suddenly on the table The Knowns and Unknowns of What’s Happening With Iran War with Iran would repeat the mistakes of the Iraq War, only on a much bigger scale Iran Vows to Defeat 'American-Zionist Alliance' Congressional leaders express alarm, seek answers as U.S.-Iran tensions rise Pictures showing Iranian paramilitaries loading attack boats with missiles are reportedly behind the US' sharp escalation of tensions with Tehran Trump reportedly vexed with advisers' approach to rising tensions with Iran Trump resisting aides' aggressive posture on Iran Bolton Replays War Playbook. Allies Aghast John Bolton Skewed Intelligence Before Trump Readies a New War on Iran's Economy
(DBN)

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Japan:

Japan: 8.6 Million Homes Lie Empty
(DBN)

Profits fall at Japan's top three banks as economy slows
(DBN)

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Venezuela:

US suspends all flights to Venezuela citing safety and security
(DBN)

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Australia:

Australia's unemployment rate rises in April
(DBN)

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