December 15, 2019

The Daily Bankruptcy News

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Law:

Forget Bonuses, These Associates Just Got RAISES!
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Firm Wows With Bonuses That Beat The Market Scale For EVERY Associate
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Another Round Of Matching Bonuses As The Holiday Season Really Starts To Kick Off
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Extra Bonus Money For High Billers? That’ll Change Your Friday The 13th Luck!
(DBN)

Elite Law School Faces Gender Pay Gap Lawsuit
(DBN)

Law School Professors Reveal The Real Reason Grading Your Exams Takes So Long
(DBN)

More corporate counsel predict a rise in disputes, signaling a need to prepare for ‘turbulent times’
(DBN)

When Entertaining Clients, Don’t Wine About Your Budget
(DBN)

Marketers Seize a Heightened Strategic Role, Survey Shows
(DBN)

Duane Morris Partner Suspended 6 Months for Overbilling at Former Firm, Saul Ewing
(DBN)

ABA again says no to Florida Coastal’s nonprofit application and makes noncompliance finding
(DBN)

Need flu shots, physical therapy or counseling? BigLaw firm has an on-site clinic for that
(DBN)

God Help Us, SNL Did a 'Marriage Story' Parody About the Conways
(DBN)

Comey defends FBI but admits FISA failures: "I was wrong" Trump Threatens Comey with Years in Prison We need to reform U.S.'s secret intelligence court After finding surveillance errors in Trump probe, IG looks for pattern
(DBN)

Former Trump aide Page notches victory, sans lawyer
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FBI Secretly Demands a Ton of Consumer Data
(DBN)

DOJ: Congress Held ‘a Gun to Our Head’ So We Didn’t Review Subpoenaed Census Question Docs
(DBN)

Fmr DOJ Spokesman: AG Bill Barr Targeting FBI and DOJ Employees Deemed Not Loyal to Trump
(DBN)

Supreme Court agrees to hear 3 disputes over access to Trump’s financial and tax records SCOTUS Confirms It Will Resolve Three Trump Tax Return Disputes Months Before 2020 Election Justices to take up battle over Trump financial documents
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Trump-Appointed Judge Not Convinced That Concealed Notes of Putin Meeting Belong to the President
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Fox News' Jesse Watters sparked a wave of backlash after he claimed female journalists trade sex for scoops 'all the time'
(DBN)

A California Starbucks reportedly denied police officers service, in the latest of several alleged anti-cop acts at the coffee chain this year
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Thousands of Brazilians seeking asylum in the U.S.
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Trump's border wall wouldn't stop most illegal immigration or drugs. So what is it for?
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An Ohio lawmaker admitted he hadn't researched ectopic pregnancies before proposing an abortion restriction bill Court Strikes Down Mississippi Abortion Ban Mississippi governor promises to persist in abortion battle
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How is Devin Nunes Paying for All of His Lawsuits?
(DBN)

Harvey Weinstein may have arranged a $25 million settlement, but he still faces criminal charges
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Lawmakers push for investigation into Matt Bevin's pardons Prosecutor Outraged as Departing GOP Governor Pardons Man Convicted of Decapitating Mother of Three
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Global gun violence targets worshippers of all faiths
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Nobody Knows How Many Kids Die From Maltreatment and Abuse in the U.S.
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Law Firm Partner Drops Rap Video About Class Actions
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Arrest in Jersey Jewish Grocery Shooting
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Sex for Legal Services? How An Attorney Lost His Law License
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Judges:

About a quarter of money spent on recent state supreme court races came from outside groups, report says
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The Courts are Now Successfully Gamed
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Transgender Woman Wants Judge Off Case for Alleged Anti-LGBTQ Bias
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Wall Street:

 

Stocks close little changed to end winning week as US and China strike an initial trade deal
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Layoffs:

Bloomberg Buys CityLab, Fires Half of Workers
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Personal Finance:

A Michigan couple paid off their $200,000 mortgage in less than 4 years on a combined salary of $150,000. Here's how they did it — and their tips for anyone trying to do the same.
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7 things to do with your money that will put you light-years ahead of your friends
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Boomers Blow $1,584 a Year on Lottery Tickets
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Aviation:

The FAA calculated that Boeing's 737 Max could crash a total of 15 times, killing more than 3,000 people, if it wasn't grounded and fixed
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Boeing May Halt 737 Production
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The boom in airplane orders is over for Boeing and Airbus
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Hotels:

Hotels: Occupancy Rate Decreased Slightly Year-over-year
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Banking:

JPMorgan Has Either Gotten Worse Or Way Better At Money Laundering
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Utilities:

Newsom Rejects PG&E Bankruptcy Plan California Rejects PG&E Bid to Use Public Funds to Pay Off Lawsuits It's refreshing to see PG&E finally being held accountable by the state. But Newsom's move is not without perils for both ratepayers and shareholders Local lawmakers respond to Governor Newsom rejecting PG&E plan California governor declines $13.5 billion PG&E wildfire settlement Governor Newsom's Rejection Of PG&E Reflects Widespread Criticism Of Utility California Rejects State's Largest Utility's Bankruptcy Plan PG&E's future is in doubt after Newsom rejects bankruptcy plan PG&E fails to get governor's approval on restructuring proposal Ratepayers are already on the hook for PG&E’s liabilities. They should get a piece of the pie
(DBN)

PG&E scrambles to renegotiate wildfire deal
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PG&E’s settlement won’t fix its problems and consumers deserve other options
(DBN)

Bankruptcy judge must redo FirstEnergy rulings, solicit FERC input – 6th Circuit
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Aerospace:

Vector files for bankruptcy, says Lockheed Martin seeks to buy assets Vector files for Chapter 11 bankruptcy
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Education:

Judge rules defunct Penn State fraternities can keep their State College houses
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Fraud:

Lori Loughlin: Prosecutors are Railroading Me
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Economy:

Q4 GDP Forecasts: 0.7% to 2.0%
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U.S. economy shakes free of recession fears in striking turnaround since August
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Fed boosts plan to inject billions into the US economy
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Trump complained about the US dollar's strength throughout 2019 — but these 8 major currencies were even stronger
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The dangerous mirage of America’s continued prosperity
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Trump says US will lower China tariffs as part of interim trade agreement China suspends additional retaliatory tariffs on U.S. goods China Trade Deal: Key Details Still Unclear ‘Historic’ phase one deal with China will be very good for global growth, Mnuchin says Here’s what the new trade deal means for the markets You Call This a Trade Deal? Trump Trade War with China Was Futile US' Mini China Deal a Cease Fire, Not Victory Goldman Sachs Disappointed in China Deal
(DBN)

Mexico Objects to Labor Provision in NAFTA 2.0 New NAFTA is Worse Than the Old NAFTA Lighthizer Acknowledges NAFTA 2.0 Changes
(DBN)

Global economic uncertainty eased by U.K. elections, China trade deal
(DBN)

Basic Income: A 29-year-old mayor is giving his city's poorest residents $500 per month. He thinks his policy could work on a national scale.
(DBN)

Corporate America is pressured to boost paid parental leave
(DBN)

Gary Cohn Tries and Fails to Defend Tax Cuts
(DBN)

How meritocracy harms everyone — even the winners
(DBN)

Foxconn Refused to Renegotiate with Wisc.
(DBN)

US Debt Clock
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World Debt Clock
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How People Really Live
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Real Estate:

NYC: Second Circuit Upholds Ruling that Loft Tenants Have Property Rights in Bankruptcy Proceedings
(DBN)

The 13 US states where it's easiest to refinance and save money on your mortgage
(DBN)

Mortgage Equity Withdrawal Positive in Q3
(DBN)

San Francisco's housing market is so dire that the city's radioactive Treasure Island is finally getting a $6 billion makeover
(DBN)

Contractor bankruptcy delays $250M Staten Island apartment complex
(DBN)

Aspen Club seeks more funding to stay afloat
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Phoenix grapples with some of nation's fastest-rising rents
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Municipalities:

Felix Rohatyn, Wall Street wizard who helped save NYC from bankruptcy, dies at 91
(DBN)

New Orleans is in a state of emergency following a cyberattack
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Oil/Gas:

Musk says solar, energy storage will grow faster than cars — and there’s some truth to it
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A Decade After Gulf Oil Spill, a New Wave of BP Lawsuits Hits Courts
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Bankrupt Philadelphia refinery expects second insurance payment
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Goldman Won't Finance Arctic Oil Drilling
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Politics:

Biden, Warren, Sanders, Yang, and Buttigieg are threatening to skip the next Democratic debate amid a labor dispute
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Joe Biden told a protester at his Texas campaign rally that he's 'just like Donald Trump' for asking about corruption in Ukraine Biden’s Democratic challengers don’t really want to win — here’s the proof
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Bloomberg: UK elections are the "canary in the coal mine" to 2020 Democrats The U.K. election's warning for U.S. Democrats in 2020 Corbyn's Loss a Message for Warren, Sanders Brit in US: Why Boris' Win is Scary
(DBN)

Biden underwater with voters making less than $75k, who prefer Sanders
(DBN)

Trump Path to Reelection Totally Plausible
(DBN)

Young people are outnumbered and outvoted by older generations 2020's new voters will usher in an age of demographic transformation Campaigns target younger voters online
(DBN)

Young voters' value in 2020 swing states
(DBN)

How Trump wins in 2020
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An exclusive fundraiser reveals Pete Buttigieg is being backed by some of Silicon Valley's wealthiest families Buttigieg releases list of 113 campaign fundraisers after criticism from Warren
(DBN)

Lindsey Graham says Trump's impeachment trial will 'die quickly' in the Senate The New York Times editorial board calls for Trump's impeachment Lindsey Graham says he's not trying to be a "fair juror" in impeachment trial Robert Reich Has a Point on Senate Trial Impeachment Expert: ‘First Time in History’ We’ve Seen Trump-Mitch McConnell Type of Coordination on Senate Trial Dems doubt Senate impeachment trial legitimacy after McConnell vows admin coordination McConnell indicates he'll let Trump's lawyers dictate Trump's impeachment trial McConnell: Trump to Decide His Own Impeachment America's interest in impeachment fades Will Hurd: You can vote against impeachment but disagree with Trump's behavior Is the Senate Laying a Trap for Trump? Impeachment charges head to House; Trump cries anew: 'Hoax' House Publishes Full Impeachment Report Schumer calls for Mulvaney, Bolton testimony in proposing parameters for impeachment trial 'We've seen enough': Editorial boards weigh in on impeachment
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Top Democrats say Giuliani's Ukraine trip is "a crime in progress" ‘Mafia in Action’: Rudy Giuliani Makes Waves with White House Appearance on Historic Day Cost of Giuliani Not in Trump's Disclosures
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White House further limits officials on Trump's foreign leader calls in wake of Ukraine scandal
(DBN)

Congress faces high-stakes week with impeachment, trade and funding votes ahead
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Trump slams Fox News for interviewing Comey and Schiff, stating 'only pro Trump Fox shows do well' on the channel Study: Fox News' viewership eclipses CNN, MSNBC Fox’s Geraldo Rivera Admits Trump ‘Probably’ Had a Quid Pro Quo with Ukraine Fox News Poll: 54% Are for Impeachment
(DBN)

Democrat Jeff Van Drew, who opposes impeaching Trump, is reportedly in talks to switch to the Republican Party
(DBN)

The US Army's oldest regiment spent at least $26,000 partying at Trump's luxury DC hotel
(DBN)

Trump set to announce he's withdrawing 4,000 troops from Afghanistan amid troubled peace talks with Taliban
(DBN)

Trump has described the same conversation about Israel four times. Each time, the name of his Jewish friend changed.
(DBN)

"SNL" cold open weighs in on Trump and climate activist Greta Thunberg Michelle Obama tells Greta Thunberg to "ignore the doubters"
(DBN)

Universities with ties to slavery lead the charge for reparations
(DBN)

Thousands of Ohio absentee applications denied
(DBN)

A judge ordered up to 234,000 people to be tossed from the registered voter list in a swing state
(DBN)

Citizens United Reshaped Our Elections
(DBN)

The Republican Exodus Continues
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Erdogan Threatens to Close Strategic Bases to US Military
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Autos:

GM Response To 1935 Sit-Down Strike Began March To Bankruptcy, Book Says
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Anime:

Tear Studio Ceases Operation, Plans to File for Bankruptcy
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Construction:

$103 Million Settlement Approved Over FIU Bridge Collapse
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New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Chapter 7, 12 & 13 Private Trustee Locator
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Recent Ch. 11 Filings (21 new filings today)
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Recent Ch. 11 Adversary Proceeding Filings (6 new filings today)
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Bankruptcy Code (html) - Bankruptcy Code (pdf) Prior BK Codes (pick year from list) - Bankruptcy Rules
(large downloads)

UCLA-LoPucki Bankruptcy Research Database
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Chapter 11 Bankruptcy Case Studies
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Bankruptcy Jobs:

(1) (2) (3) (4) (5) (6) (7) (8)
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Seminars - (Contact us to list your seminar)

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Advisors:

How McKinsey Makes Its Own Rules
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Litigation:

The Importance Of Balance And Health In Perfecting The Practice
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Student Debt:

Defaulting on student loans is an issue across the board, but new legislation could make colleges think twice before raising tuition
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Climate:

‘Any growth is more than we can afford’: Carbon dioxide pollution hits record high as planet warms
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America After Climate Change, Mapped
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Marathon UN climate talks sputter to a close but avoid collapse UN Climate Talks Fail Biggest Polluters Stopped UN Climate Action U.N. climate talks end with hard feelings, few results and new doubts about global unity
(DBN)

Oil industry to Trump: Carbon capture needs way more subsidies
(DBN)

History’s Greatest Sea Is Dying
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New Jet Stream Pattern May Imperil Crops
(DBN)

Calif. to Stop Buying GM, Toyota and Chrysler
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Retailing:

Retail Sales increased 0.2% in November
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Retail Apocalypse Gives More Women a Shot as CEO
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Bentley to restructure by closing 88 stores and shedding hundreds of jobs
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Healthcare:

Federal auditor renews concerns of Medicare Advantage gaming
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British MD: Why US Healthcare is Broken
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Mass Torts:

Boy Scouts to face first federal lawsuit over sex abuse accusations
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Fairs:

'The fair is not bankrupt': Nebraska State Fair executive director explains plan to keep fair afloat
(DBN)

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Pharma:

Kapoor’s Opioid Debt Is Over $300 Million, Prosecutors Say
(DBN)

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Theatre:

Troubled Beverly Theater Files For Bankruptcy
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Crypto:

'Questionable' death prompts call to exhume Quadriga CEO's body
(DBN)

Another $722 Million Cryptocurrency Scam
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UK:

Boris Johnson partied with Mick Jagger, bear-hugged David Cameron, and broke his self-imposed alcohol ban after winning the election Britain Remade by Boris Johnson
(DBN)

Scotland Wants Different Future from England Boris Johnson sees 'wonderful adventure' after Brexit, but Scotland and Northern Ireland brace for a bumpier ride
(DBN)

EU Warns of Post-Brexit Rival Britain
(DBN)

Katie Price faces homelessness as she ‘loses £2million ‘Mucky Mansion’ amid bankruptcy’
(DBN)

Debt-ridden man given £193,000 in bank error says he 'tried to give money back'
(DBN)

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China:

China's next gambit to save its economy will export dystopia worldwide
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PIIGS:

Italian Prosecutor Presents Bankruptcy Request Against CHL
(DBN)

Greek FinMin in Parliament: Gov’t to Ask Creditors for Lower Primary Surplus Targets
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Turkey:

State-run bank to save pastry giant from bankruptcy due to Erdo?an links - report
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MENA:

Bankruptcy and debt laws remain a deterrent to starting businesses across much of the Arab world
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Dubai - How the new UAE law will help debt-ridden residents
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Jamaica:

Fly Jamaica files for bankruptcy protection
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India:

Debt-ridden Indian airline chief says company needs to survive until sold by gov’t
(DBN)

IBC saved 160 companies from premature death, says bankruptcy board chairman Sahoo
(DBN)

The Bankruptcy Code isn't broken, but it still needs fixing
(DBN)

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Argentina:

Martín Guzmán shows a better way to deal with debt crises
(DBN)

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Taiwan:

This Taiwan Airline Flew For 62 Years, But May Be Grounded Indefinitely
(DBN)

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