August 14, 2019

The Daily Bankruptcy News

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Law:

Denied Anonymity, Ex-Jones Day Associate Retreats as Gender Bias Representative • Jones Day Sex Bias Suit’s Jane Doe 4 Dropped as Named Plaintiff
(DBN)

Amid Recent Suicides, Biglaw Staff Members Wonder When Their Mental Health Moment Will Come
(DBN)

Biglaw Harassment Lawsuit Alleges Partner Wanted To Be ‘Sugar Daddy’
(DBN)

Lawyer Salaries Have Doubled! Or Have They?
(DBN)

Hunton Andrews Kurth’s Robin Russell on embracing diversity
(DBN)

The Best Law Schools In The World (2019)
(DBN)

5 Things To Consider Before Sending That Email
(DBN)

What Do We Talk About When We Talk About Partnership?
(DBN)

American Bar Association Slashes Budget
(DBN)

It's Alan Dershowitz vs. David Boies, again and again
(DBN)

Epstein's accusers say now he's dead the government should rescind the generous 2007 plea deal which protected his accomplices • Warden of jail where Jeffrey Epstein killed himself reassigned, 2 guards placed on leave • Prison guards who were supposed to be checking on Jeffrey Epstein were asleep and faked log entries • Why Banks Kept Doing Business with Jeffrey Epstein • The Legal Ramifications of Posting Jeffrey Epstein's Death on 4chan Prior to Official Reports • Elon Musk denies Jeffrey Epstein advised him or Tesla during the company's bungled attempt to go private • Britain's Prince Andrew faces new scrutiny for ties to Jeffrey Epstein • Shrieking heard from Jeffrey Epstein's jail cell the morning he died • Jeffrey Epstein’s Death, in Context • Report: Maxwell told friend that Epstein’s entire island was wired for video, presumably for blackmail purposes • Jeffrey Epstein Asset Forfeitures Wouldn’t Guarantee Payday for Accusers • What we know: The life and death of Jeffrey Epstein • Semi-retired man in line to inherit Epstein's money • What happens next in the legal cases involving Jeffrey Epstein • Trump's promotion of Jeffrey Epstein conspiracies enters gaslighting mode • Trump’s bizarre attempt to defend retweeting an Epstein conspiracy theory • Trump defended spreading a conspiracy theory that the Clintons played a part in Jeffrey Epstein's death, which enraged FBI agents • Senators concerned Epstein conspiracy theories play into Russia's hands • What Epstein death means for alleged victims • Flight data places Jeffrey Epstein’s private jet on Arabian Peninsula on the eve of the 2016 election • Why the Jeffrey Epstein case inspires so many conspiracy theories
(DBN)

'Are You Telling Me We Need to Start Over?' How Greg Craig's Trial Hit a Snag • Trial of former Obama White House counsel Gregory Craig delayed over jury screening error
(DBN)

Ken Cuccinelli: "Give me your tired and your poor who can stand on their own two feet" • Trump official suggests famous Statue of Liberty sonnet is too nice to immigrants • Trump official: Statue of Liberty poem is about Europeans • Illness is one of many new factors to count against immigrants seeking U.S. residency • The danger of vilifying poor immigrants • Immigration Restriction Is Not Hate • California counties file lawsuit against Trump admin green card rule • Guatemala's president-elect: Migrant deal with U.S. won't work • Trump policy has subjected asylum seekers to appalling conditions • Border patrol agent called migrants 'subhuman.' Then he hit one with his truck • The Case That Made an Ex-ICE Attorney Realize the Government Was Relying on False “Evidence” Against Migrants
(DBN)

Ann Coulter Suggests Donald Trump Should Be Charged for Employing Undocumented Migrant Workers
(DBN)

What Both Sides Don't Get About American Gun Culture • Trump claims Mitch McConnell supports gun background checks • FactCheck: NRA’s Wayne LaPierre once supported background checks?
(DBN)

Teen: 25 Guns, 10,000 Rounds of Ammo
(DBN)

Virginia prosecutors say man shot wife then self as cover-up
(DBN)

A former police chief robbed two banks, authorities say. He blames a brain tumor's 'curse.'
(DBN)

New York Governor Decries 'Growing Cancer' of Anti-Semitism After Jews Attacked
(DBN)

Judge allows class actions over inmate ‘m----------- attacks’ against public defenders and jail workers
(DBN)

Data on white supremacist domestic terrorism
(DBN)

Firm settles suit alleging it solicited fake online reviews that tricked woman into becoming client • Accused of soliciting deceptive online reviews, Pittsburgh law firm settles
(DBN)

In wake of harassment allegations, Plácido Domingo disinvited from Philadelphia Orchestra season-opening gala • LA Opera Hires Outside Counsel to Manage the Placido Domingo Crisis
(DBN)

The FBI Told Congress Domestic Terror Investigations Led to 90 Recent Arrests. It Wouldn’t Show Us Records of Even One.
(DBN)

Maryland Court Blasts Roadside Strip Search Of Female Driver
(DBN)

Abortion support remains steady despite growing partisan divide, finds survey
(DBN)

An Amazon driver rode off with a child's bike after delivering a package, and it was caught on a Ring camera
(DBN)

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Judges:

Job offer to bankruptcy judge’s fiancé warranted recusal, federal court rules
(DBN)

Trump Admin Faces Backlash Over Bid to Decertify Immigration Judges' Union
(DBN)

Cellphone use in courthouses is an ‘access-to-justice issue,’ ABA House says
(DBN)

Judge overseeing key Jeffrey Epstein-related suit dies
(DBN)

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Wall Street:

US futures point to slightly lower open
(DBN)

Dow surges on news that U.S. will delay some tariffs
(DBN)

From Reagan to Trump: Here's how stocks performed under each president
(DBN)

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Layoffs:

CoStar to cut nearly 100
(DBN)

Kraft Heinz cutting 400 jobs amid declining appetite for its iconic brands
(DBN)

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Politics:

Trump says being president is costing him $3B to $5B
(DBN)

More than half of all Americans think Donald Trump fuels white supremacy
(DBN)

Axios-NewsWhip 2020 attention tracker: Biden pummeled for his gaffes
(DBN)

Is Joe Biden Too Old?
(DBN)

Biden Is Leading in the Primary Polls, Thanks to Trump
(DBN)

New polls identify fault lines inside the GOP over Trump's immigration agenda
(DBN)

The viral video of Chris Cuomo going berserk over being called “Fredo,” explained • CNN’s Chris Cuomo said “Fredo” is like “the n-word” for Italians. It’s … not.
(DBN)

The Last Adult Is Leaving the Room
(DBN)

Eliot Engel warns foreign officials: Stop spending money at Trump properties
(DBN)

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Healthcare:

Here’s how ‘Medicare for All’ would affect every part of the $3.5 trillion US healthcare system
(DBN)

Short-Term Insurance Plans Pushed by Trump Spend Far Less on Medical Care
(DBN)

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Climate:

29 states and cities sue Trump administration over weakening of climate rules
(DBN)

America's hot spots: Where extreme climate change has already arrived
(DBN)

Global warning an 'existential threat?' 'Probably not' says Cliff Mass
(DBN)

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Autos:

Jack Cooper plans to renew fleet after bankruptcy
(DBN)

UAW members are preparing to live on $250 a week. Here's why
(DBN)

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Mass Torts:

Bankruptcy May Be Back on the Table for Irving-Based Boy Scouts of America
(DBN)

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Education:

If the Tuition Doesn’t Get You, the Cost of Student Housing Will
(DBN)

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Student Debt:

The Truth About Student Debt: 7 Facts No One Is Talking About
(DBN)

How to Avoid a Personal Student Debt Crisis
(DBN)

Survey of student loan borrowers shows payments average 20 percent of take-home pay
(DBN)

Student loan debt affects everything from relationships to retirement planning
(DBN)

Want Student Loan Forgiveness? Avoid These 3 Scams
(DBN)

The Impact of Student Debt on Housing
(DBN)

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Mass Torts:

New York Courts Brace for Hundreds of Lawsuits by Victims of Child Sex Abuse • Institutions brace for child sex abuse lawsuits under New York law
(DBN)

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Tech:

Big tech warned by top regulator: We will break you up if we have to
(DBN)

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Pharma:

Litigation piling up for Chandler opioid maker
(DBN)

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Economy:

The cost of the "strong" U.S. economy
(DBN)

Cleveland Fed: Key Measures Show Inflation Above 2% YoY in July, Core PCE below 2%
(DBN)

A $1 trillion US budget deficit is one big reason the Fed may have to cut rates
(DBN)

The Trump administration wants to make it harder for unemployed workers to get benefits
(DBN)

Americans say they can't afford a vacation
(DBN)

Trump Threatens to Pull Out of World Trade Organization
(DBN)

What's behind retail credit card delinquencies at a 7-year high
(DBN)

Main yield curve inverts as 2-year yield tops 10-year rate, triggering recession warning
(DBN)

US Treasury yields mixed as recession signal nears inversion
(DBN)

Greenspan says ‘there is no barrier’ to negative yields in the US
(DBN)

Sweden Leads the World into Negative Yields
(DBN)

Gallup: Americans See Fewer Opportunities for Children
(DBN)

Fiscal Conservatives Decry U.S. Federal Deficit Hitting Record High
(DBN)

Consumer price inflation rises amid increases in gas and housing costs • BLS: CPI increased 0.3% in July, Core CPI increased 0.3%
(DBN)

Who Isn’t Paying Income Taxes?
(DBN)

illustrating the Credit Card Debt Burden in All 50 States
(DBN)

NY Fed Q2 Report: "Total Household Debt Climbs for 20th Straight Quarter as Mortgage Debt and Originations Rise" • Total Household Debt Climbs for 20th Straight Quarter
(DBN)

Small Business Optimism Index Increased in July
(DBN)

Bonds meet these four criteria for being in a bubble • Bonds haven’t been this popular since the financial crisis as recession fears rise • Bond market close to sending biggest recession signal yet
(DBN)

Small cap stocks are tanking, while large caps hold up, a signal something is wrong with economy
(DBN)

Some U.S. tariffs on Chinese goods delayed till December • Trump’s China tariff climbdown, explained • How the U.S. decided which China tariffs will be delayed • Trump just blinked, giving China a possible edge in trade war, some big Wall Street names say • Apple surges after the US delays tariffs on cellphones and laptops • Motorcycles, batteries and rifles: Here’s a list of products that still face September tariffs • GOP Sen. Rick Scott: Americans should get tax cuts in return for tariffs paid on Chinese goods • Retail stocks surge after tariffs for clothing, footwear delayed • Trump's import tariffs are costing us an arm and a leg • US removes some items from China tariff list, delaying tariffs for others, including cell phones • 'We just can't compete with Canada right now': Tariffs drive down U.S. lobster exports to China by 46% • How to Stop Trump’s Trade War Madness • U.S. businesses paying record amounts in Trump tariffs • Donald Trump has emasculated the American farmer • 'Very painful' trade war has tech suppliers moving out of China • These 7 retail stocks surged more than 5% after the Trump administration delayed China tariffs • U.S. Reshuffles Tariff Strategy as American Attitudes Toward China Plummet • Trump finally acknowledges his tariffs could hit consumers • China’s July industrial output rose 4.8% — slowest in 17 years
(DBN)

Trump’s Push to Bring Back Jobs to U.S. Shows Limited Results
(DBN)

Main yield curve nearly inverts as 10-year yield tops 2-year rate by just 3 basis points
(DBN)

U.S.-China trade war increases recession likelihood, analysts say
(DBN)

U.S. businesses are taking down job listings as Trump's trade war grows
(DBN)

Feeling the squeeze, American parents struggle to afford child care and student loan debt
(DBN)

“Wealth work” is one of America’s fastest growing industries. That’s not entirely a good thing.
(DBN)

Class 8 Truck Sales Rose 7.1% in July
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

MBA: "Mortgage Delinquencies Rise in the Second Quarter of 2019"
(DBN)

Declining foreclosure rates highlight the nation's strong job market
(DBN)

U.S. Mortgage Debt Hits Record, Eclipsing 2008 Peak
(DBN)

ShoppingTown Mall says it’s headed to bankruptcy court to avoid tax foreclosure • Shop­pingTown Mall Filing For Chapter 11 Bankruptcy
(DBN)

U.S. housing market is "anemic" and "lackluster," says NY Fed
(DBN)

Once Asking $1 Billion, L.A.’s Priciest-Ever Listing Is Scheduled to Sell at Auction
(DBN)

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Municipalities:

In the aftermath of Hurricane Maria, efforts to rebuild Puerto Rico’s electrical system offer lessons for boosting energy security
(DBN)

Puerto Rican Resistance Began Long Before Rosselló
(DBN)

Fiscal board wants to review $80 million worth of contracts Rosselló awarded before resigning
(DBN)

Puerto Rico utility director wants FEMA to repair grid so it can be privatized
(DBN)

The Burden of Staying Alive in Puerto Rico
(DBN)

Muni Bond Market Suggests Rural Areas Are Getting Left Behind in Booming Economy
(DBN)

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Oil/Gas:

Another Houston-based oil field services co. gets delisting warning
(DBN)

EPA plans to end methane emission rules that oil companies want to keep
(DBN)

Shareholders Have No Love for Shale Companies
(DBN)

Half of all new cars sold in Australia by 2035 will be electric, forecast predicts
(DBN)

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Agribusiness:

The Average U.S. Farm Is $1,300,000 In Debt, And Now The Worst Farming Crisis In Modern History Is Upon Us
(DBN)

USDA: Worst Planting Season on Record
(DBN)

Trump's Agriculture Secretary Tells Joke About Whining Farmers, Gets Boo'd
(DBN)

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Religion:

Groundbreaking Lawsuits Claim Jehovah's Witnesses Covered up Years of Child Sexual Abuse
(DBN)

Lawsuits name 11 more priests, nuns accused of sex abuse in Buffalo Diocese
(DBN)

Child Victims Act lawsuits to peel open decades of secrecy in clergy sex abuse • A Tidal Wave of Sex Abuse Lawsuits Is About to Hit New York's Catholic Churches and Boy Scouts
(DBN)

He Says a Priest Abused Him. 50 Years Later, He Can Now Sue.
(DBN)

With New Rules, Pope Aims to Reform Scandal-Ridden Vatican Bank
(DBN)

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Healthcare:

Hahnemann is not the only former Tenet hospital to close, file for bankruptcy
(DBN)

On the Auction Block: NovaSom, Inc.
(DBN)

Westlake poised to close after bankruptcy filing
(DBN)

FactCheck: More Americans are uninsured today than when (President Donald) Trump took office
(DBN)

Federal Panel: Screen All Adults for Drug Addiction
(DBN)

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Autos:

Latest bankruptcy trends prompt www.OnlineBKmanager.com to ramp up offering
(DBN)

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Fraud:

Carson Block’s Effort To Avoid Becoming His Father A Serious Pain For Potentially Fraudulent Businesses
(DBN)

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Accounting:

First of the KPMG cheats jailed
(DBN)

Accounting firms are losing work when they hold their clients accountable
(DBN)

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Celebs:

'Chrisley Knows Best' star indicted on tax evasion and other charges • Reality TV Stars Todd & Julie Chrisley Hit With Multiple Charges, Including Tax Evasion • Everything we know about the case against Todd and Julie Chrisley, the reality TV stars facing charges of tax evasion and bank fraud
(DBN)

How Dan Marino, Vince Young and Other Broke NFL Players Lost Their Fortunes
(DBN)

Will Smith To Be Repaid $1.5 Million After Duane Martin's Bankruptcy Case Is Settled: Report
(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 (11 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (3 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:

The 4 States With the Highest Bankruptcy Rates
(DBN)

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Privilege:

Delaware Bankruptcy Court Rules That Liquidation Trustee Controls the Privilege of Board of Directors’ Special Committee
(DBN)

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Discharge:

Creditors Beware: Collection of Debt Based on Unreasonable Belief/Understanding That the Debt Was Not Discharged in Bankruptcy Might Lead to a Finding of Civil Contempt
(DBN)

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Mediation:

Mediating Business Disputes: Caucus Format is Unfortunate
(DBN)

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Avoidance Actions:

8th Cir. Reverses Dismissal of Uniform Fraudulent Transfer Act Claim for Lack of Standing
(DBN)

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Standing:

With Changes in Delaware, Creditors Ask Who Will Be Left With Standing
(DBN)

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Intercreditor:

Locke Lord partners analyze Intercreditor waterfall protocols
(DBN)

Importance of Careful Drafting of Intercreditor Agreements Highlighted by Recent Federal Appeals Court Ruling
(DBN)

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Bankruptcy Reform:

The Employee Rights in Employer Bankruptcy Act of 2019
(DBN)

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Retailing:

Barneys Struggles With Bankruptcy, as Vendors Look For Other Distribution Channels
(DBN)

Why Are Stores Closing, And What Can They Do About It?
(DBN)

Trump’s Christmas Miracle Is Cold Comfort for Retailers
(DBN)

Retailers welcome tariff delay but say threat remains • Trump says he delayed tariffs because of concerns over Christmas shopping season
(DBN)

We are in the middle of the great American department store shakeout—and there’s no stopping it
(DBN)

Retailers at Risk: How Long Will the Retailpocalypse Continue?
(DBN)

Avenue to close all its stores, sources say
(DBN)

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Subscription Boxes:

Loot Crate Files for Bankruptcy and Lays Off Workers But Promises to Ship Remaining Boxes
(DBN)

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Resorts:

Resorts World Catskills' owner considers prepackaged bankruptcy
(DBN)

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Coal:

Coal company looking to hire "experienced underground miners" at job fair
(DBN)

Department of Labor asks judge to halt movement of Blackjewel coal
(DBN)

Washington, 22 states sue to block Trump 'Dirty Power' plan
(DBN)

Dickenson board ponders help for county Blackjewel miners
(DBN)

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Electricity:

PG&E Blasts Competing Bankruptcy Plans as Self-Serving
(DBN)

PG&E says it’s ready to propose bankruptcy exit plan on Sept. 9
(DBN)

PG&E proposes rate hikes, CPUC must approve first
(DBN)

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UK:

Deloitte in £20m lawsuit over Rhino administration
(DBN)

Scotland’s Top 10 Insolvency Hotspots
(DBN)

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EU:

Europe stocks trade lower as German economy heads toward recession
(DBN)

Christine Lagarde's Biggest Problem Is Germany
(DBN)

Italy’s Economic Rot Is Europe’s Problem, Too
(DBN)

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Argentina:

Argentina’s stock market and currency sell-off triggers risk of contagion, analysts warn
(DBN)

Argentina Default Fear Looms as Traders Dump Assets
(DBN)

Argentina just suffered the 2nd-biggest crash since 1950 for any stock market — and the nation is again on the brink of a financial crisis
(DBN)

Argentina’s president vows to fight back from primary rout
(DBN)

Argentina's stock market has its worst day in decades
(DBN)

Argentina's Bankruptcy Chance Increases to 72%
(DBN)

What Markets Are Telling Argentina's Next Leader
(DBN)

Argentina Utility Stocks Face Gloomy Outlook as Downgrades Mount
(DBN)

Argentina Adds to Wall of Worry for Markets
(DBN)

Chile's LATAM Airlines posts $63M loss, dragged by Argentina recession
(DBN)

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India:

Impact of Recent Amendments to the Insolvency and Bankruptcy Code
(DBN)

India’s Richest Man Is Turning Cautious. Bad Sign
(DBN)

India's passenger vehicle sales drop at steepest pace in nearly two decades • India’s automobile slowdown is trickling down to a host of allied sectors
(DBN)

Investors back away from Jet Airways deal • No takers, Jet Airways set to fly into liquidation
(DBN)

Disgruntled man pushes birthday present BMW into river
(DBN)

Panel suggests automatic CCI approvals for deals under insolvency law
(DBN)

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Hong Kong:

Hong Kong Protests Create Ripple Effect Across The Global Economy
(DBN)

Violence breaks out at the Hong Kong airport as riot police clash with protesters • Riot police clash with protesters at Hong Kong airport as Chinese forces mass at border • Clashes at Hong Kong airport; U.N. urges restraint over protests • Hong Kong protesters wave American flag, sing national anthem • Hong Kong airport returns to calm, after riot police clashed with protesters earlier
(DBN)

Satellite photos show more than 100 Chinese military vehicles massed at a soccer stadium near the Hong Kong border
(DBN)

Trump on China moving troops to Hong Kong border: "Be calm and safe" • Trump is harsh on China, except when it comes to democracy
(DBN)

What's happening in Hong Kong? Key questions, answered.
(DBN)

Hong Kong protests assert the freedoms China seeks to constrain
(DBN)

China accuses Pelosi and McConnell of inciting ‘chaos’ in Hong Kong
(DBN)

China's Hong Kong checkmate
(DBN)

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South Africa:

Steinhoff's $10 billion debt "too high" - chief executive • Steinhoff's 'only way to survive': slim down, sell assets • Steinhoff's overseas business restructure debt after scandal • Troubled Steinhoff to continue cutting jobs as it slims down to focus on investment
(DBN)

Foreigners Dump South African Bonds on Threat of Downgrade to Junk
(DBN)

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Australia:

Ralan used buyer deposits to fund historic losses: lawyer
(DBN)

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Venezuela:

Venezuela's congress to create committee for future debt renegotiation
(DBN)

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