May 23, 2019

The Daily Bankruptcy News

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Law:

The Am Law Second Hundred Is Out And Looks Just As Negative As We’ve Come To Expect
(DBN)

Warren campaign releases bankruptcy cases she assisted in While teaching, Warren worked on more than 50 legal matters, charging as much as $675 an hour
(DBN)

Former MoFo Associates Expand on Alleged Bias Claims Against Firm
(DBN)

First-Year Law Firm Associates Earn Median $155K, Survey Says Many Firms Didn't Buy Into the Latest Round of Associate Pay Raises, Report Finds
(DBN)

A $23 Billion Law Firm? New Valuation Model Says Kirkland Fits the Bill
(DBN)

Mandatory Membership, Dues Constitutional, Wisconsin Bar Says
(DBN)

Western State College of Law submits proposed teach-out plan to ABA
(DBN)

Is There Any Point To Law School Anymore?
(DBN)

The Law School That Does The Very Best At Getting Its Graduates Jobs
(DBN)

Something’s Gotta Give When It Comes To Diversity And Bar Exam Pass Rates
(DBN)

Only A Small Number Of Law Schools Are At Risk Under The ABA’s New Accreditation Standard
(DBN)

Elite Law School Posts 1L Grades, But 4 Days Later… Oops
(DBN)

The Law Schools Where The Most Graduates Got Jobs At Large Firms (2018)
(DBN)

17-Year-Old Who Will Graduate From High School And Harvard This Month Wants To Attend T14 Law School
(DBN)

Former Willkie co-chair pleads guilty in college admissions scandal
(DBN)

Public speaking skills every lawyer should master
(DBN)

Majority of Legal Ops Directors Call Data Analytics ‘Priority’
(DBN)

Cohen Search Warrant Details Russian Ties Michael Cohen's interactions with a Russia-linked company come into sharper focus Unsealed court filings reveal how Mueller quickly zeroed in on Michael Cohen DOJ Offers Mueller Materials After Threat Mueller materials will be released to House committee, its chairman announces Mueller Judge Unseals Attorney-Client Ruling That Aided Prosecutors How will Congress answer Trump's contempt? Mueller Knew About Trump's Checks in 2017
(DBN)

DC Circuit Is Urged to Fast-Track Trump's Subpoena Appeal Trump in Court Over Bank Documents Judge rejects Trump's request to halt congressional subpoenas for banking records Trump Loses a Second Subpoena Fight, This Time in NY Judge says Deutsche Bank, Capital One can give Trump financial records to House Democrats Deutsche Bank Will Hand Over Trump’s Financial Documents To Congress Because Nothing Beautiful Lasts Forever Wells Fargo, TD Bank Turn Over Trump Docs
(DBN)

AG Barr Puts Former Intel Chiefs on Notice
(DBN)

The Constitution dictates that impeachment must not be partisan 'Impeachment is inevitable': More Democrats push for impeachment as Nancy Pelosi accuses Trump of 'engaging in a cover-up' Trump’s bizarre Rose Garden news conference on impeachment, explained The new case for impeachment
(DBN)

New York State Closes Double Jeopardy ‘Loophole,’ But Only For Trump
(DBN)

Treasury Hit Over Deutsche Bank, Trump
(DBN)

Mnuchin says it's 'unlawful' to give Trump's tax returns to House Mnuchin denies that an IRS memo contradicts his position on Trump’s taxes. It does What we know so far about Trump’s tax returns, explained New York Passes Bill Giving Congress a Way to Get Trump’s State Tax Returns What the leaked IRS memo does and doesn’t say about the Trump tax returns controversy
(DBN)

Retired Generals: No Pardons for War Crimes
(DBN)

Roger Goodell declines to say whether the NFL will discipline Robert Kraft
(DBN)

Avenatti charged with defrauding Stormy Daniels Michael Avenatti says he 'flew too close to the sun' in rise and fall Fresh fraud charges for lawyer Avenatti Michael Avenatti Charged With Fraud, Stealing From Ex-Client Stormy Daniels in New Indictments Michael Avenatti Is Charged With Stealing Nearly $300,000 From Stormy Daniels
(DBN)

The crisis of children dying in custody at the border, explained Texas facility stops taking in migrants after teen's death Thousands of migrants put in solitary confinement without violating any rules Homeland Security report says Trump administration has built just 20 miles of border wall and has funding plans for another 316 – despite White House claims that it's on track for 500 by next year Hundreds Of Asylum Seekers Being Released In San Bernardino
(DBN)

Mario Batali Facing Charges in Assault Case More Women Accuse Tony Robbins
(DBN)

Child skips rock into flamingo, leading zoo to euthanize animal
(DBN)

Former US attorney gives up his law license after he’s convicted for stalking
(DBN)

3 Handwritten Wills Found For Queen Of Soul Aretha Franklin
(DBN)

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Judges:

BK NV: Bankruptcy Bugle Newsletter
(DBN)

Reprimands upheld for ex-judge accused of groping women, disparaging prosecutors
(DBN)

Poll: Most Americans disapprove of the Alabama abortion ban Nevada is lifting abortion restrictions, even as other states pass near-total bans Overwhelming support for Roe matters in two critical ways
(DBN)

Lawyer Who Made Case for Clinton Indictment Confirmed as Judge
(DBN)

Ninth Circuit Bars Judge Real From Case
(DBN)

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Wall Street:

Dow futures fall more than 230 points as trade war concerns persist
(DBN)

Global markets dive as Huawei suppliers cut ties, raising the prospect of a prolonged trade war with China
(DBN)

Stocks close lower on trade war and after Fed minutes
(DBN)

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Layoffs:

520 jobs at risk as Arcadia confirms 23 store closures in CVA
(DBN)

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Newspapers:

Cost-slashing Digital First Media to buy bankrupt Reading Eagle; Deep job cuts expected Bankruptcy judge approves $5M sale of Reading Eagle to chain MediaNews Group closes in on Reading Eagle purchase
(DBN)

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Politics:

Trump’s Golf Costs: $102 Million And Counting, With Taxpayers Picking Up The Tab
(DBN)

Trump's New Message: Me First, American Second
(DBN)

Senator Kennedy: Congress Has Done Nothing
(DBN)

Should the Electoral College Be Eliminated? 15 States Are Trying to Make it Obsolete
(DBN)

Joe Biden’s campaign pitch: Make America Normal Again
(DBN)

Even Americans who report financial improvement under Trump are split on voting for him
(DBN)

Millennials want a Trump challenger in 2020
(DBN)

Democrats embrace Obama but not his ideas
(DBN)

3 minutes: Trump meeting with Democrats goes bust in a flash Pelosi goads Trump into another temper tantrum Trump walked away from infrastructure negotiations before they really began Pelosi snaps at Conway after tense White House meeting: ‘I don’t talk to staff’ Pelosi: Meeting was Very, Very, Very Strange
(DBN)

Putin out-prepared Trump in key meeting, Rex Tillerson told House panel
(DBN)

Big GOP donors turn on Justin Amash over Trump impeachment comments DeVos family ends financial support for Amash, says it's not related to impeachment call
(DBN)

Gainesville: City commissioner to file for bankruptcy
(DBN)

We asked the dads running for president what they do for child care
(DBN)

Kirsten Gillibrand’s new policy platform is about making parenting affordable
(DBN)

For Warren's agenda, a wealth of questions “Elizabeth Warren called me!” is turning into a meme
(DBN)

New poll shows black voters want 2020 candidates with big policy plans, not just big names
(DBN)

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Education:

Debt-Ridden Morehouse Drop Out Needs Help With Student Expenses
(DBN)

____________


Economy:

Fed minutes signal patience on rate moves for 'some time' Fed: No plans to raise rates even if economy improves
(DBN)

How Boomers Wrecked the Economy for Kids
(DBN)

‘One tweet away from a U-turn on policy’ – Trump’s Twitter feed confounds economic forecasters
(DBN)

China says trade talks can’t continue unless US addresses its ‘wrong actions’ Beijing experts’ latest message as trade talks stall: The US needs China 'If the perpetrator wants to fight, we will beat him out of his wits': Song about ongoing trade war with the US goes viral in China The Case Against Huawei, Explained US-China trade war turning into a tech war Trump to Congress: I’ll work with you on infrastructure — if you pass my trade deal Mnuchin Presses Companies for Trade War Contingency Plans Trade tensions could last well into the 2020 U.S. election campaign, says Nomura For Trump, a China trade war election Mnuchin says he’s talked to Walmart about how planned China tariff expansion would impact retailing giant Trade standoff between U.S., China may be settling in for the long run
(DBN)

The radical plan to change how Harvard teaches economics
(DBN)

Warren must revive IRS to make her wealth tax work What’s behind Elizabeth Warren’s comeback in the polls
(DBN)

Congress’s high-stakes budget fight to avert an economic crisis, explained
(DBN)

Steve Mnuchin’s Dad Bought Steve Cohen A $91 Million Bunny
(DBN)

The 20 best cities for college grads looking to start their lives
(DBN)

Reform to Retirement Accounts? Be Afraid
(DBN)

IQ rates are dropping in many developed countries
(DBN)

Mnuchin Warns of ‘Late Summer’ Default If No Debt-Limit Increase
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

April's depreciating home prices could signal the market reached its peak
(DBN)

Ben Carson took to Fox Business to explain why he thought he was asked about Oreos
(DBN)

Proposed HUD rule would strip transgender protections at homeless shelters
(DBN)

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Municipalities:

IRS deems Puerto Rico's Cofina bonds tax-exempt
(DBN)

Biggest Muni Junk-Bond Fund Plows In as Puerto Rico Debt Rallies
(DBN)

Hackers Still Holding Baltimore Hostage
(DBN)

America’s Largest Cities Are Shrinking
(DBN)

____________

Oil/Gas:

Elk Petroleum Files in BK DE - First Day Dec
(DBN)

Jones Energy emerges from Chapter 11 – 33 days after filing
(DBN)

The Myth of Cheap Shale Oil
(DBN)

U.S. oil stumbles to nearly 2-month low as crude set for third straight decline
(DBN)

____________

Electricity:

Bankruptcy judge approves $105M PG&E fund to help wildfire survivors
(DBN)

PG&E Gets More Time to File Bankruptcy Plan
(DBN)

____________

Climate:

Why some union leaders do not like the Green New Deal
(DBN)

8,000 Amazon employees asked the company to do more on climate change. Shareholders just said no.
(DBN)

____________

Consumer Finance:

How a Silicon Valley startup is trying to rebrand payday loans
(DBN)

____________

Student Debt:

How Julian Castro's student debt forgiveness proposal stacks up against Elizabeth Warren's
(DBN)

The Growing Trend Of Retiree Student Loan Debt
(DBN)

Forgiving Student Loan Debt Leads to Better Jobs, Stronger Consumers
(DBN)

____________

Radio:

Station To Go Dark After Bankruptcy Sale
(DBN)

____________

Healthcare:

Multistate suit challenges federal ‘conscience’ rule over health care refusals on religious grounds
(DBN)

This company wants to help you lower your medical bills (so long as you tip)
(DBN)

There's no clear way to fix surprise medical bills
(DBN)

Hospitals are still defending "cost-shifting"
(DBN)

____________

Telecoms:

Windstream Keeps Big Masters Happy During Bankruptcy Process
(DBN)

____________

Coal:

Bankruptcy as Bailout: Coal Company Insolvency and the Erosion of Federal Law
(DBN)

Inside a Southern Coal Conference: Pep Rallies and Fears of an Industry's Demise
(DBN)

Coal’s revival is in high tech
(DBN)

____________

Textiles:

ME: Saco dye house that boosted New England textile industry has shut down
(DBN)

____________

Tech:

Shares of Huawei suppliers tumble amid ongoing turmoil U.S. blacklisting of Huawei prompts global firms to follow suit Huawei has tiny presence in US, huge global footprint Here are all the companies that have cut ties with Huawei, dealing the Chinese tech giant a crushing blow
(DBN)

Bill would offer $700 million in aid to U.S. telecoms hurt by Huawei ban
(DBN)

Both Democrats, Republicans blast facial-recognition technology in a rare bipartisan moment
(DBN)

____________

Pharma:

Congressional report: Purdue Pharma influenced World Health Organization's opioid guidelines
(DBN)

____________

Food/Beverage:

Two former CEOs team up in Kona Grill bid
(DBN)

____________

Aviation:

Boeing could have prevented 2nd 737 Max crash by listening to pilots, a union said as it accused the company of a 'poisoned, diseased philosophy'
(DBN)

Man Who Saved Second-Oldest Airline Drives It Back to the Brink
(DBN)

____________

Retailing:

Topshop is planning a huge retreat from the US, closing all 11 of its stores
(DBN)

____________

Celebs:

Banks and food suppliers ‘to pursue Jamie Oliver for millions of pounds in debts’
(DBN)

____________

 


New Bankruptcy Opinions
(2 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (18 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (7 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)

______________

Cross-Border:

Judge delays decision in case filed by bankrupt retired Heinz chief O'Reilly
(DBN)

Arcadia Group Files Ch. 15 In SD NY Distressed British Fashion Co. Seeks US Bankruptcy Shield
(DBN)

____________

IP:

Not so distant ripples in the pond: The Supreme Court’s Tempnology decision and equipment leasing
(DBN)

Supreme Court Rules that Trademark License Rights Survive Rejection in Bankruptcy, Resolving Circuit Split
(DBN)

Mission Products v. Tempnology: SCOTUS Holds that Rejection of Trademark License in Bankruptcy Does Not Terminate the Right to Use the Mark
(DBN)

The Supreme Court Decision Mission Product Holdings, Inc. v. Tempnology, LLC Has Broad Implications for Licenses and Other Agreements in Bankruptcy
(DBN)

Supreme Court: Trademark Licenses Survive Bankruptcy Rejection
(DBN)

SCOTUS Sides with Trademark Licensees in Circuit Split over Contract Rejection
(DBN)

Mission Products v. Tempnology: SCOTUS Holds that Rejection of Trademark License in Bankruptcy Does Not Terminate the Right to Use the Mark
(DBN)

Supreme Court Rules that Trademark Licensees May Continue to Use Licensed Marks Following Rejection in Bankruptcy
(DBN)

Bankruptcies Do Not Revoke TM Licenses
(DBN)

Trademark Owners Cannot Use Bankruptcy Law to Revoke Trademark Licenses
(DBN)

Supreme Court: Trademark Licensor’s Rejection of License Agreement in Bankruptcy Does Not Extinguish the Licensee’s Right to Continue to Use the Licensed Trademark
(DBN)

Trademark Licensee May Continue Using Trademark Following Debtor’s Rejection of License Agreement, US Supreme Court Rules
(DBN)

____________

Standing:

Firm Can't Object To Bankrupt Co.'s Final Report: 6th Circ.
(DBN)

____________

Mootness:

Appeals of “Sale” Orders: Sometimes They Are Moot and Sometimes They Are Not
(DBN)

____________

Mass Torts:

J&J's good news, bad news day in talc court yields win in South Carolina, $25M loss in New York
(DBN)

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Funeral Services:

Disruption comes for death
(DBN)

____________

Agribusiness:

Floods Swamp U.S. Farm Belt
(DBN)

____________

Tourism:

USA sees biggest slump in tourism for four years
(DBN)

____________

Autos:

Counsel says there is progress in Reagor-Dykes bankruptcy case
(DBN)

Tesla keeps getting hammered, and if the beating doesn't stop, it may need another tech giant like Apple to save it, experts say Don’t expect Apple or Amazon to buy Tesla, Morgan Stanley analyst warns investors Tesla’s demise could bring down the whole ‘house of cards,’ warns strategist 3 Most Compelling Reasons To Bet Tesla Stock Could Plunge 95%
(DBN)

Is the Auto Industry Partying Like It's 2009?
(DBN)

____________

 

UK:

Trustees 'underestimate' risk of employer insolvency
(DBN)

Topshop tycoon Sir Philip Green to close 23 stores Topshop owner Philip Green plans to close 23 stores in Arcadia rescue Philip Green's retail rescue plan at risk over pension scheme
(DBN)

British Steel insolvency endangers 5,000 jobs British Steel collapses with 25000 jobs at risk British Steel enters insolvency after talks break down Government criticised for allowing British Steel to collapse into insolvency
(DBN)

Hadlow College placed into education administration Main priority is the students in Hadlow college insolvency
(DBN)

Nigel Farage 'trapped on bus' surrounded by protesters holding milkshakes Why protesters are throwing milkshakes at Nigel Farage
(DBN)

British Prime Minister Theresa May could reportedly resign within days UK Prime Minister May is on the brink of resigning. Here's when she might go Theresa May shelves Brexit Withdrawal bill following Cabinet mutiny
(DBN)

____________

PIIGS:

Yanis Varoufakis: Once again, Greece is the canary in the goldmine
(DBN)

EU Court vindicates ECB in action over private investors’ losses due to Greek debt restructuring
(DBN)

____________

Iceland:

Wow Air Collapse Decimates Iceland’s Economy
(DBN)

____________

MENA:

Saudi court accepts AHAB's bankruptcy filing, rejects liquidation: sources 10 years since default, Saudi AHAB to restructure $22bn in a repayment scheme to creditors
(DBN)

Saudi Oger owes over $10bn, but has only some $46,000 in its bank account
(DBN)

Pentagon to Send 5,000 Troops to Mideast
(DBN)

____________

India:

Insolvency Law Has Ensured Better Credit Culture In Borrowers
(DBN)

____________

China:

In China, a flourishing industry claims to sell access to Trump
(DBN)

____________

Venezuela:

Venezuela's opposition, government pursue talks to resolve crisis; US skeptical
(DBN)

9 mind-blowing facts about Venezuela's economy
(DBN)

____________

Austria:

Photos of Holocaust survivors defaced in Vienna
(DBN)

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