December 13, 2019

The Daily Bankruptcy News

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Law:

Firm Report Doesn’t See A 2020 Recession, The Folks Actually Running The Law Firms Disagree
(DBN)

Biglaw Bonus Pool Includes A 20 Percent Bump For High Billers
(DBN)

Individualized Bonuses Lead To Disappointment At This Biglaw Firm
(DBN)

Law firms are ‘poised to grow’ as they report more success in lateral hiring
(DBN)

Ex-LeClairRyan Client Lodges $28M Malpractice Claim in Firm's Bankruptcy Petersburg hotel operator files $28M claim in LeClairRyan bankruptcy case
(DBN)

Notice of Appearance — Sean O’Neal, Cleary Gottlieb
(DBN)

Wisconsin Bar Beats Challenge to Mandatory Membership, Dues
(DBN)

What a Peter Luger Steak House Review Can Teach Lawyers About Effective Legal Writing
(DBN)

Insurer miscalculated benefits for lawyer who had heart attack 1 day before $65K raise, judge rules
(DBN)

Biglaw Partner Shows He Knows How To Stan
(DBN)

Forget the 'Trump Bump.' Law School Enrollment Dipped a Bit in 2019 First-year class sizes for ABA-accredited law schools are slightly smaller in 2019 Law School Enrollment Up Overall, But Not for Minorities
(DBN)

Boies Schiller Flexner Names Likely Successors to Famous Founder
(DBN)

Did Scott Rothstein Arrange Arrest of Lawyer's Wife? $1.2M Settlement Reached
(DBN)

Breaking Up Is Hard To Do: How To Leave A Law Firm
(DBN)

The Paradox of Collaboration: In Law Firms, Individual Risk Is Key
(DBN)

US Asks to Halt Mitchell Silberberg Malpractice Case, Revealing Grand Jury Probe
(DBN)

The Most Stylish Lawyer Of 2019
(DBN)

Fears of anti-Semitisim hang over N. Jersey attack Jersey City's Jewish community is mourning, and afraid, after deadly shooting at kosher deli 'Why this small bodega?': Jersey City Jewish community mourns deadly attack Jersey City Shooting Now Being Investigated as Act of Domestic Terrorism
(DBN)

Anti-trust uncertainty is the new normal for dealmakers
(DBN)

Eric Holder: Bill Barr "is unfit to lead the Justice Department" FBI agents warn of 'chilling effect' from Trump and Barr attacks William Barr is Trump's real personal attorney Barr's focus on abuses by the FBI is entirely warranted National Security Law Expert: OIG Report Showed a ‘Disturbing Level of Sloppiness’ by FBI
(DBN)

After Exposing FISA Application Failures, OIG Orders Audit of FBI’s Surveillance of U.S. Citizens Russia probe report spurs calls for FBI surveillance changes
(DBN)

In emoluments case, federal appeals court appears divided over Trump Hotel Trump's hotel in D.C. is at the center of anti-corruption, emoluments lawsuit
(DBN)

Top Court Poised to Act on Trump Bid to Shield Financial Records
(DBN)

Ghislaine Maxwell Argues It Would Be Too ‘Difficult’ to Release Full Epstein Files
(DBN)

Watchdog caught in political crossfire on his Russia report
(DBN)

Doctors who wanted flu vaccines for detained migrants left in handcuffs and without answers Trump administration scooping up Americans' data in effort to track undocumented immigrants, ACLU says Pentagon watchdog plans to review award of $400M border wall contract to firm touted by Trump
(DBN)

‘Outrage’ over Harvey Weinstein sex abuse settlement offer: Too little money for victims, too much for attorneys and Harvey Almost all of Weinstein Company creditors to join settlement, including $25mn for accusers, says Harvey's attorney Weinstein lawyer says 98 per cent of creditors agreeing to settle Weinstein Settlement: An Egregious Case Dictated By Economics Scacchi: Weinstein Harassed Everyone
(DBN)

Civil rights group sues over OK bail practices
(DBN)

250 lawyers charged with treason in hospital assault
(DBN)

Tesla loses its third general counsel in the course of a year
(DBN)

Officer pleads for his life while clinging to car racing along interstate
(DBN)

Outgoing Kentucky Governor Matt Bevin Pardons Convicted Killer Whose Family Hosted Fundraiser For Him And Donated To His Campaign
(DBN)

Eversheds Sutherland staff pose with man in blackface
(DBN)

Police called to firm Christmas party
(DBN)

Reed Smith sent the saddest invite of the year
(DBN)

UK: Glamorous Solicitor 2019 - Semi-Finals
(DBN)

Melting Snowflake Dan Bongino Sues Daily Beast For Hurt Fee-fees And ‘Defamatory Gist’
(DBN)

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Judges:

'You Are Acting Inappropriately': 2nd Circuit Scolds Lawyer Before Kicking Him Out Lawyer who reacted to judge’s question with incredulity is ousted from 2nd Circuit courtroom Escorted From Courtroom By Security Caps Off A Rough Week For Attorney ‘I See That You Read the Briefs Thoroughly’: Lawyer’s Sarcasm Gets Him Booted from Court
(DBN)

Sex criminal allegedly throws pitcher, hits judge
(DBN)

NY Judge Calls Criminal Justice Reforms ‘Stupid,' Rolls His Eyes in Court
(DBN)

'Indecorous,' Yes, but Judge's Dogfighting Remarks Don't Require Recusal, Court Rules
(DBN)

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Wall Street:

Dow Futures Point To Fresh Record Highs as Global Stocks Rally on Fading Trade and Political Risks
(DBN)

Stocks hit record highs as US, China reach tentative trade deal
(DBN)

Goldman Sachs: US markets could see a ‘significant correction’ if Democrats sweep 2020 elections
(DBN)

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Layoffs:

Self Driving Truck Crosses US with Freight
(DBN)

BJC outsources IT services, cuts 200 jobs
(DBN)

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Politics:

Jews, non-Jews worry over Trump's anti-Semitism executive order Jewish philanthropies acted as if their work was above politics. Until now Critics Say Kushner's 'Craven' Defense of Trump Anti-Semitism Order Is Enabling President's Own 'Bigotry' Trump’s Executive Order and the Rise of Anti-Semitism The Strange Thing About Trump’s Anti-Semitism Order Trump's Judaism executive order is too narrow and too broad
(DBN)

Trump attacked 16-year-old Greta Thunberg after she beat him to be named Time's Person of the Year, telling her to abandon her activism and watch a movie instead The most depressing thing about Trump's attack on Greta Thunberg Trump Attacks Greta Thunberg On Twitter?—And Greta Trolls Him Back Donald Trump Mocks 16-Year-Old Greta Thunberg Again, Says She Has 'Anger Management Problem'
(DBN)

Fox News host Chris Wallace escalated the network's war with Trump, blaming him for the 'most direct sustained assault' on press freedom in US history
(DBN)

Lindsey Graham wants to "deep-six" Trump’s impeachment trial McConnell will move to acquit Trump if he's impeached, not merely dismiss charges, 2 Republican senators say McConnell's dilemma: Senate trial with Trump witnesses, or a quick vote Senator Gives High-End Estimate That 'Five to Ten' Republicans Will Vote for Trump Impeachment What we know and don't know about how a Senate impeachment trial will work The 2020 election looms large in the House Judiciary Committee's impeachment debate House Judiciary panel poised to approve articles of impeachment against Trump Impeachment hearing starts with bitter fight after Nadler nukes GOP’s minority hearing request Inside the jockeying to prosecute Donald Trump's impeachment Lawmakers Spar Over Trump Impeachment Articles Ahead of Vote In a surprise move infuriating Republicans, impeachment vote is delayed until Friday
(DBN)

See, That’s Not How This Impeachment Thing Works
(DBN)

WH Counsel's Meeting with Mitch McConnell About Impeachment Raises Eyebrows
(DBN)

White House Comes Up with New Explanation for Withholding Military Aid to Ukraine
(DBN)

Prosecutors Want Indicted Giuliani Associate Locked Up for Lying About His Assets and Income
(DBN)

Elizabeth Warren targets Buttigieg and Biden as she seeks to regain momentum in Iowa Elizabeth Warren Takes on Democratic Rivals on Fundraising in Speech Bernie Sanders Makes a Comeback as Elizabeth Warren’s Poll Numbers Slip Warren refocuses on her economic message - and takes shots at her rivals
(DBN)

Trump's Strong Disapproval Rating Drops Among Independents After a Month of Impeachment Hearings, Poll Shows
(DBN)

Poll of Polls: President Trump Job Approval
(DBN)

How accurately do exit polls predict election winners?
(DBN)

Statue depicts black man "speaking back" to Confederate monument admirers
(DBN)

Democratic candidates unite against Trump but little else
(DBN)

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Climate:

Map: America After Climate Change
(DBN)

Why climate scientists are so concerned about melting Arctic permafrost
(DBN)

EU Leaders Agree to 2050 Climate Deal
(DBN)

Is It Already to Late to Save the Climate?
(DBN)

Cold blast for millions in the East
(DBN)

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Private Equity:

Some Less Egregious Aggregation? – First Circuit Reverses the District Court in Sun Capital Partners
(DBN)

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Economy:

Americans’ Credit Card Debt Poised to Reach 10-Year High
(DBN)

U.S. Business Debt Exceeds Households' for First Time Since 1991
(DBN)

Fed's Flow of Funds: Household Net Worth Increased in Q3
(DBN)

Those Affected by Food Stamp Cuts
(DBN)

Trump administration proposes Social Security rule changes that could cut off thousands of disabled recipients
(DBN)

60% of US Corporations to Downsize in 2020
(DBN)

Rich Americans worried about US economy, study finds
(DBN)

US weekly jobless claims race to a more than 2-year high Weekly Initial Unemployment Claims increased sharply to 252,000
(DBN)

Jerome Powell is propping up Trump's economy
(DBN)

Warren Says She’d Seek Fed Governors More Relaxed on Inflation
(DBN)

Stocks jump to a new record on Trump tweet saying US is ‘very close’ to China trade deal Trump’s Dud of a Deal Shows the Futility of Trade War White House, Chinese negotiators reach trade deal in principle that would dramatically scale back import tariffs US has a phase one trade deal with China in principle pending Trump’s approval Trump Signs Off on Phase One of China Deal U.S. offers to cancel December 15 tariffs on Chinese goods The US reportedly offered to cut China tariffs in half ahead of crucial trade deadline If Trump Removes Tariffs, The Trade War Dies And China Wins New York Times: Trump adviser Peter Navarro invokes his fictional alter-ego to make case for China tariffs China remains tight-lipped on talks as December 15 tariff deadline looms New analysis updates staggering amount Americans pay for Trump's tariffs A ‘wimpy’ trade deal will be enough for markets as long as there are no new tariffs After Phase One Trade Pact, Talks Will Get Really Hard, Dimon Says Trade war? China’s exporters have expanded their global market share Apple has ‘most to lose’ in trade war as key deadline looms Jamie Dimon warns of economic damage from China tariffs The US-China Trade War: Where Are We Now? Trade war still top concern for global CFOs: Survey Watch two experts debate President Trump's trade war policy Southern California port volumes fall in November as trade war lingers Tariff Relief Would Send China’s Stock Market Even Higher
(DBN)

LA area Port Traffic Down Year-over-year in November
(DBN)

Business groups express growing dissatisfaction with USMCA compromise Trump's top trade official heads to Hill to ease tensions with GOP senators over final USMCA deal After feeling Trump's wrath, Mexico breathes a sigh of relief at USMCA
(DBN)

Feds Collect Record Taxes Through November; But Still Run $343.3 Billion Deficit With Second-Highest Spending in Nation's History
(DBN)

Owning a used car shouldn't strip me of the food stamps that I need to survive
(DBN)

A Recession Hasn’t Arrived (Yet). Here’s Where You’ll See It First.
(DBN)

Where Your Clothes Come From
(DBN)

Places with Most (and Least) Traffic Fatalities in America
(DBN)

U.S. Employees Are The Happiest
(DBN)

The decimation of "pink-collar" office jobs 5H AGO
(DBN)

How the working-age population affects productive capacity
(DBN)

Trump pushes paid leave at White House summit
(DBN)

Federal Workers Poised To Get 12 Weeks Paid Parental Leave
(DBN)

Poloz sees era of low global interest rates amid 'structural forces'
(DBN)

US leveraged loan default rate hits 9-month high as market distress rises
(DBN)

Congress reaches a tentative deal to fund the government as shutdown deadline nears
(DBN)

Artificial intelligence will help determine if you get your next job
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

CoreLogic: 2 Million Homes with Negative Equity in Q3 2019
(DBN)

Realtors expect these to be the 10 hottest housing markets for the next 3-5 years
(DBN)

Mortgage rates rise on better-than-expected employment report
(DBN)

Borrowers gained nearly $457 billion in home equity in the last year
(DBN)

Houston Real Estate in November: Sales up 2% YoY, Inventory Up 5%
(DBN)

Millennials now represent the largest cohort of home buyers. Here's what they are looking for.
(DBN)

Realtors Predict Strong Economy, Small Chance Of Recession In 2020
(DBN)

Lighthouse Point project delayed; contractor files for Chapter 11 bankruptcy
(DBN)

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Municipalities:

Judge sets Puerto Rico’s bond litigation path
(DBN)

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Oil/Gas:

OPEC's plan to boost oil prices may not work
(DBN)

IEA: An Oil Glut Is Inevitable In 2020
(DBN)

Energy stock carnage sets up 'rinse and repeat' start to 2020
(DBN)

Legacy Reserves emerges from bankruptcy
(DBN)

New Year May Again Bring Coal To Stockings Of Oil Services Companies But Better Times Lay Ahead
(DBN)

Cadillac Going Electric by 2030
(DBN)

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Aviation:

Southwest to share Boeing settlement with workers
(DBN)

Boeing CEO Muilenburg to meet FAA head on 737 Max return
(DBN)

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Freight:

Watch out UPS. Morgan Stanley estimates Amazon is already delivering half of its packages
(DBN)

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Agribusiness:

The Disappearing Small Farmer
(DBN)

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Utilities:

Elliott Bashes PG&E Bankruptcy Plan as Failing State Guidelines
(DBN)

PG&E invests in weather stations, cameras to monitor wildfires amid bankruptcy turmoil
(DBN)

What’s Next for PG&E as Creditors Play the Newsom Card
(DBN)

PG&E Files Amended Plan Of Reorganization PG&E Files Amended Plan of Reorganization; Remains on Track to Achieve Confirmation of Plan Before June 30 Deadline
(DBN)

Elliott’s PG&E Plan Aims Carefully at Gavin Newsom
(DBN)

For Once, Erin Brockovich and PG&E Are Fighting On The Same Side
(DBN)

FirstEnergy Solutions can’t cancel coal-plant contracts until feds have chance to weigh in, court rules
(DBN)

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Religion:

Rochester Diocese using old legal 'playbook' by declaring bankruptcy, say victims' advocates
(DBN)

Catholic dioceses spar over Archbishop Sheen sainthood
(DBN)

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Trucking:

Nearly 800 Trucking Firms Failed This Year
(DBN)

Former Celadon employees, drivers describe chaos after abrupt bankruptcy filing
(DBN)

Fellow truckers offer jobs to those stranded after Celadon files bankruptcy Truckers look for new jobs after major trucker files for bankruptcy
(DBN)

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Transit:

SuperShuttle is going out of business. Its last rides are Dec. 31
(DBN)

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Construction:

FIU Bridge Victims Or Their Families Will Get Their Cut Of $102.7 Million, Bankruptcy Judge Affirms
(DBN)

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Autos:

Another Massive Takata Recall Looms for Large Batch of Air Bags
(DBN)

Lyft’s rental-car plans broadside Hertz and Avis stocks
(DBN)

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Student Debt:

U of Phoenix Scam Should Shame DeVos' DOE
(DBN)

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Accounting:

KPMG’s global revenues up 6.2%
(DBN)

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New Bankruptcy Opinions (5 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 (9 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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Mediation:

Mediation Standards Lack Uniformity In Bankruptcy
(DBN)

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Sales:

Section 363 Does Not Apply to Chapter 11 Plan Sales
(DBN)

Chapter 7 Sales: The Debtor May Be Pretty Much Irrelevant
(DBN)

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Substantive Consolidation:

9th Circuit Rules that Notice of Proposed Substantive Consolidation Must Be Given to Creditors of Non-Debtor
(DBN)

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Bankruptcy Remoteness:

Mixed Signals on Enforcement of Provisions Precluding Bankruptcy Filing Absent Lender's Consent
(DBN)

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Subordination:

Claims to Dividends Originating From Stock Trust Subordinated Under Section 510(b) of the Bankruptcy Code
(DBN)

Inequitable Subordination: Distressing Distressed Purchasers by Propagating Subordination Benefit Elimination Theory
(DBN)

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Cross-Border:

Cross-Border Restructuring Update
(DBN)

Chapter 15 Gap Period Relief Subject to Preliminary Injunction Standard but No Adversary Proceeding Required
(DBN)

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Substantial Contribution:

The Role of Self-Interest in Allowance of Substantial Contribution Claims in Bankruptcy
(DBN)

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Jurisdiction:

Fifth Circuit Renders Important Subject Matter Jurisdiction Opinion Concerning Restraint of Inter-Galactic Trade
(DBN)

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Advisors:

Alvarez & Marsal Hires Managing Director in North American Restructuring & Turnaround Group
(DBN)

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SCOTUS:

Chicago Exercising Control Over Debtor Vehicles: To the U.S. Supreme Court?
(DBN)

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Fraud:

DOJ charges 10 former NFL players in alleged health care fraud scheme
(DBN)

Bitcoin Mining Fraud Mastermind Had His Victims Pretty Well Pegged
(DBN)

Stronger Transatlantic Cooperation Could Be Boon for DOJ, Ailing U.K. Serious Fraud Office
(DBN)

HP Says Lynch Told ‘Lie After Lie’ as $5 Billion Trial Wraps Up
(DBN)

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Dairy:

Debt And The Dairy Farmer
(DBN)

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Cannabis:

Marijuana Legalization Could Be Coming To These States In 2020
(DBN)

Bankruptcy Protection Continues to Elude the Cannabis Industry
(DBN)

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Healthcare:

Shocking Health Care Statistic of the Day
(DBN)

New York Union Blames Out-Of-Network Doctors For Millions In Costs
(DBN)

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Retailing:

The Children’s Place plans Gymboree relaunch, misses Street with Q3 sales
(DBN)

Michaels downgraded after Q3 exposes 'weakening' competitive foothold
(DBN)

Fur flies in battle for control of Hudson’s Bay
(DBN)

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Environmental:

Most U.S. States Are Slashing Their Environmental Budgets
(DBN)

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Brands:

The Bankrupt American Brands Still Thriving in Japan
(DBN)

In memoriam: The brands we lost in the 2010s
(DBN)

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Mass Torts:

Johnson & Johnson Alleges Attorney Misconduct in Latest Talc Trial
(DBN)

Like Big Tobacco, the Battle Against Big Vape Is Coming
(DBN)

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Pharma:

House passes Speaker Nancy Pelosi’s bill to lower drug prices
(DBN)

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UK:

Boris Johnson secures biggest Conservative Party election win since 1987 What the UK election result means for Brexit ‘Historic victory’: How the world is reacting to Boris Johnson’s landslide win It's Boris Johnson's Britain Now Is Boris Johnson the Last Prime Minister of the United Kingdom? 14 Things We Learned from Boris' Win
(DBN)

Britain’s Conservatives Pledge to Target Roma
(DBN)

Bankrupt Katie Price splashes the cash in designer shoe shop during NYC getaway
(DBN)

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PIIGS:

How Italy Is Getting a Grip on Its Bad Loan Problem
(DBN)

Greek parliament approves bank loans restructuring plan
(DBN)

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South Africa:

South Africa's growth forecasts slashed, recession risk high
(DBN)

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Argentina:

No Dates Set for Argentine Debt Talks, IMF Spokesman Says
(DBN)

Buenos Aires Creditors Organize as Governor Warns of Cash Crunch
(DBN)

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China:

Beijing Has Built Thousands of Cheap Apartments No One Wants
(DBN)

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India:

New insolvency Bill heralds more reforms, ring- fences firms under IBC
(DBN)

Amended IBC sets threshold for initiating corporate insolvency cases
(DBN)

Cash Woes at India Shadow Lenders Risk More Bad Debt at Banks
(DBN)

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Singapore:

SingPost's bankrupt US units sell assets
(DBN)

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MENA:

Deadline Given to Name Khashoggi's Killers
(DBN)

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