July 12, 2019

The Daily Bankruptcy News

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Law:

How the Great Recession changed American law firms
(DBN)

Despite Evidence To The Contrary, Cooley Law School Claims There Will Be A Lawyer Shortage
(DBN)

In-House Legal - Only 14% Believe They Are "Well Prepared" for Next Downturn
(DBN)

Being Pregnant While Gunning For Partner
(DBN)

How I Made Partner: Baker Donelson's Wendy Huff Ellard
(DBN)

Average partner profits at Allen & Overy and Linklaters hit £1.7 million
(DBN)

Are Undergraduate Law Degrees The Next Big Thing?
(DBN)

Disaster for new partner as email blunder infuriates former firm and clients
(DBN)

Husch Blackwell Partner Booted Over Battery Charge, Drunk Driving Convictions
(DBN)

See, Biglaw Can Care About Renewable Energy!
(DBN)

Sidley Austin is among defendants settling investor class action for $220M
(DBN)

Kushner, Mueller Witnesses Getting House Subpoenas House Democrats approve subpoenas for 12 Mueller witnesses
(DBN)

Flynn Takes Sudden Turn Against Government In Pending Case Did Michael Flynn Just Blow Up His Sweetheart Plea Deal Over A Piddling FARA Violation? Flynn Goes After Prosecutors
(DBN)

We'll Give You One Guess Which Bank Was Lending To Jeffrey Epstein Alan Dershowitz Says He Thinks He Should’ve Gotten Epstein A BETTER Deal In Wild Doubling-Down Interview Jeffrey Epstein Lawyer Alan Dershowitz Defends Work, Fights Defamation Case NYPD let convicted pedophile Jeffrey Epstein skip judge-ordered check-ins Jeffrey Epstein Acosta Handed Epstein Possible Defense Argument in New Criminal Case, Legal Expert Says Miami Herald reporter who broke Epstein plea deal story pushes back on Acosta comments Examining Acosta’s Claims on the Epstein Prosecution Acosta’s Legal Explanation for Epstein’s Plea Deal Doesn’t Add Up How Epstein’s ‘Sweetheart Deal’ Might Have Actually Left Him Worse Off Former U.S. Attorney On Epstein And Acosta Jeffrey Epstein may have exaggerated his charity donations Jeffrey Epstein seeks $77 million bail package in New York trafficking case Jeffrey Epstein's attorneys propose home detention at his $77 million mansion ahead of bail hearing Alex Acosta redirects Jeffrey Epstein case criticism to Florida prosecutor Barry Krischer Accused trafficker Jeffrey Epstein’s old boss says he knows where the mystery millions came from “A Lot of Friends in Every Industry”: How Did Jeffrey Epstein Charm Hollywood? Jeffrey Epstein is suddenly the biggest name in Israeli politics Jeffrey Epstein had help operating sex trafficking ring from women he allegedly coerced The Jeffrey Epstein Scandal Could Be Worse than We Know Jeffrey Epstein case suggests a 'panoply of different powerful men covering for each other 3 alleged victims are mentioned in the indictment against Jeffrey Epstein. There are dozens more Inside Jeffrey Epstein’s Creepy Parties With Prince Andrew Bizarre art, p--- and dolls: Inside Jeffrey Epstein's New York house of horrors NYPD let convicted pedophile Jeffrey Epstein skip judge-ordered check-ins Judge Napolitano: NYC prosecutor's role in Epstein case 'merits investigation' Leon Black's Jeffrey Epstein bungle Jeffrey Epstein used $46 million charitable donation to keep alive ties with billionaire Les Wexner
(DBN)

I Just Had To Think About Alan Dershowitz’s Underwear And Now So Do You
(DBN)

The Trump Administration’s Bid To Swap Lawyers In The Census Cases Is Not Going Well Trump expected to back down from census fight, pursue citizenship data another way Trump's cave on Census stuns allies Meet the 3 Judges Who've Checked Trump's Census Citizenship Question Census Citizenship Question Fiasco, Explained
(DBN)

Roberts Thwarted Trump, but the Census Ruling Has a Second Purpose
(DBN)

'Critically Ill Babies': Law Prof Who Visited Detention Center Heads to DC With Wrenching Testimony Congress hears testimony on ‘Kids in cages’ at the border Mass ICE Raids Set for This Weekend
(DBN)

Weinstein's Legal Team Falls Apart Again... 'He's Impossible to Work With' Judge Approves Harvey Weinstein’s Request for New Lawyers Harvey Weinstein's new lawyer says he was 'railroaded' by #MeToo movement Harvey Weinstein’s New Defense Lawyer Rips #MeToo Movement As Trial Nears
(DBN)

R. Kelly arrested on federal sex charges
(DBN)

Illinois Woman Arrested After Driving With Two Children In An Inflatable Pool On Car Roof
(DBN)

Bob Dylan's 'Hurricane' is one of the most famous tales of wrongful conviction
(DBN)

Man Arrested for Practicing Law Without a License for 13 Years
(DBN)

Former Deputy Arrested After Allegedly Framing Drivers for Drug Charges
(DBN)

Radioactive Uranium, Timber Rattlesnake, Open Bottle of Whiskey Found During Routine Traffic Stop
(DBN)

Relatives of Murder Victim Beat Crap out of Man Who Admittedly Killed Her
(DBN)

Witness: Woman Upset DMV Line Was Moving Slow Pulled a Gun, Said the ‘President’s Security Was in Danger’
(DBN)

Judge sanctions controversial copyright lawyer, notes ‘growing body of law’ on when to punish him
(DBN)

Half of all American adults in FBI's facial-recognition database
(DBN)

Bonkers Law Firm Website: Spock the dog
(DBN)

Archaeologist accuses law firm partner of harassing her to make p---
(DBN)

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Judges:

Former FSU men's basketball MVP, U.S. Bankruptcy Judge Glenn passes away
(DBN)

Court overturns jail sentence by judge who said he wanted to protect fetus from defendant's drug use
(DBN)

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Wall Street:

Dow futures rise after Fed chief hints at rate cut ahead
(DBN)

Dow rallies 200 points to close above 27,000 for the first time ever
(DBN)

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Layoffs:

The Coming Impact of Automation
(DBN)

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Retailing:

Charming Charlie going out of business, will close all 261 stores in Chapter 11 bankruptcy Charming Charlie, Back in Bankruptcy, to Close All Stores First Day Dec
(DBN)

Nordstrom is trading nearly $20 a share lower than a $50 a share offer it once rejected as too low
(DBN)

Forever 21's Founders Lose Billions As Their Once Hot Fast Fashion Empire Careens Towards Bankruptcy
(DBN)

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Coal:

Laid-Off Employees Of Bankrupt Blackjewel Mining Seek Pay, Answers
(DBN)

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Crypto:

Trump: I’m ‘not a fan’ of cryptocurrencies, and Facebook may need a banking charter for Libra
(DBN)

Citing ‘massive risks,’ House Democrats ask Facebook to halt its cryptocurrency plans
(DBN)

Hard Luck Texas Town Bet on Bitcoin and Lost
(DBN)

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Trucking:

A 49-year old trucking company is suing Amazon in the latest spar between the logistics industry and the upstart giant
(DBN)

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Climate:

Alaska is entering a new climate frontier
(DBN)

Climate Apocalypse Now
(DBN)

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Telecoms:

Windstream, Uniti Discuss Crafting a Swap to Quell Lease Dispute
(DBN)

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Banking:

Global Rating Agencies Do Not Sound Optimistic About Deutsche Bank's Restructuring Plan
(DBN)

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Economy:

A Fed fight may be brewing over interest rate cuts
(DBN)

Fed's Powell Affirms Rate Cut View
(DBN)

Millions Can't Afford to Retire
(DBN)

Trump Economy May be Slowing
(DBN)

4 Recession Warnings Signs Have Gone Off
(DBN)

Economy gone mad? Fed is going to cut interest rates despite record stock prices
(DBN)

Ocasio-Cortez finds herself on same side as Trump regarding the Federal Reserve
(DBN)

Trump Asked How Do We Weaken Dollar?
(DBN)

Fed chair Powell just called bitcoin a 'speculative store of value' like gold — adding weight to the safe haven theory Trump blasts Bitcoin and says cryptocurrencies, including Facebook's Libra, should be 'subject to all banking regulations'
(DBN)

U.S. Core Consumer Inflation Tops Projections in Broad Gain BLS: CPI increased 0.1% in June, Core CPI increased 0.3% Cleveland Fed: Key Measures Show Inflation Close to 2% YoY in June, Core PCE below 2%
(DBN)

Weekly Initial Unemployment Claims decreased to 209,000
(DBN)

Fed chairman warns of 'unthinkable' harm if debt ceiling isn't raised
(DBN)

Trump jacks up pressure on China over trade as he hails Dow milestone Joe Biden slams Trump’s trade war even as he calls to ‘get tough’ on China These U.S. companies supported tariffs. Here’s how it’s working out for them Trump: China Not Treating US Farmers Fairly
(DBN)

Peter Navarro calls the Wall Street Journal ‘garbage,’ says don’t believe China or US press
(DBN)

U.S. runs June budget deficit of $8 billion U.S. budget deficit up 23% over first 9 months of fiscal year
(DBN)

First Look at 2020 Cost-Of-Living Adjustments and Maximum Contribution Base
(DBN)

The Trump Economy Is Leaving Many Americans Behind
(DBN)

Teachers turning to factory jobs to get by
(DBN)

Earnings season is almost here and companies are warning the results won't be pretty
(DBN)

Many College Students Are Too Poor to Eat
(DBN)

$3,355,970,000,000: Federal Spending Sets Record Through June; Deficit Hits $747,115,000,000
(DBN)

Wall Street banks bailing on troubled U.S. farm sector
(DBN)

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

Soon the World Will Need Twice as Much Food
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Mortgage rates hold steady at long-time lows, good news for borrowers
(DBN)

Fed’s Powell says US homebuilders hit by ‘a perfect storm’ of Trump’s immigration policy, tariffs
(DBN)

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Municipalities

Big Law Bills More Than $160 Million In Puerto Rico's Bankruptcy
(DBN)

Profanity-laced texts leave Puerto Rico governor facing furor
(DBN)

U.S. lawmakers advance bill to boost Puerto Rico Medicaid funding
(DBN)

How Wall Street Colonized the Caribbean
(DBN)

Evacuations Ordered as Tropical Storm Takes Aim at Already-Flooded New Orleans Tropical Storm Barry to Hammer Gulf Coast With Major Rainfall Flooding; Storm Surge Warning, Hurricane Watch Issued
(DBN)

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Oil/Gas:

Shale Support Group Files in BK SD TX - First Day Dec
(DBN)

Oil markets will see another glut in 2020, IEA predicts
(DBN)

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Student Debt:

Self-Inflicted Disability Won’t Make Student Loans Dischargeable, BAP Says
(DBN)

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Healthcare:

Sexual assault victims are sometimes billed for rape kits, despite federal law's protections
(DBN)

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Politics:

Elizabeth Warren offers plan to decriminalize migration, probe Trump abuse
(DBN)

Biden leads 2020 Democratic race, followed by Warren, Harris and Sanders: NBC/WSJ poll Joe Biden said he wants to end 'forever wars' but ignored his own role in starting them
(DBN)

Harris Gains Momentum With Democrats’ Most Important Voter Base
(DBN)

Paul Ryan viewed retirement as "escape hatch" from Trump Trump blasts Paul Ryan as a "lame duck failure" Trump Goes on Twitter Rampage Over Paul Ryan's Claims
(DBN)

Trump says he's 'so great looking and smart, a true Stable Genius' in tweet bashing 2020 Dems Trump’s latest morning of tweets was off the rails, even by his standards
(DBN)

President Trump Says Only Trump Supporters Deserve Free Speech
(DBN)

Trump accuses Twitter and Facebook of censoring him and conservative commentators during bizarre 'social-media summit'
(DBN)

Why Men Thought Women Weren’t Made to Vote
(DBN)

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Fraud:

Deutsche Bank Faces U.S. Justice Department Probe Over 1MDB Deutsche Bank Is Done Watching Goldman Sachs Hog The Spotlight On The 1MDB Scandal
(DBN)

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Electricity:

Judge asks PG&E to explain $5 billion in dividends, political spending amid grid neglect
(DBN)

PG&E disputes report that it ignored warning signs before California wildfire
(DBN)

California Legislature Approves Wildfire Bill, Utility Customers to Pay $10.5 Billion Into Fund
(DBN)

California Lawmakers Give Utilities a Backstop on Wildfire Liability
(DBN)

PG&E’s planned power shutdowns could choke off vital water supplies
(DBN)

PG&E Is Pushing Tax-Exempt Bond Bill for Fire Claims California’s Fix for Utility Crisis Depends on Munis, Again
(DBN)

PG&E's own documents make national headlines
(DBN)

Paul Singer’s Elliott Scores Big Win in PG&E Clash
(DBN)

After Blazes Burn PG&E, California Passes Utility Fire Fund
(DBN)

Amid wildfires and bankruptcy, PG&E retreats from its long philanthropic legacy
(DBN)

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Pharma:

Reckitt Benckiser Agrees To Pay $1.4 Billion In Opioid Settlement
(DBN)

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Religion:

Catholic Church Offers Cash to Settle Abuse Claims—With a Catch
(DBN)

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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
(DBN)

Recent Ch. 11 Filings (36 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (31 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:

Bankruptcy filings remain steady through first half of 2019
(DBN)

Commercial Chapter 11 Filings Jump 38% in June, Up 5% in First Half
(DBN)

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SCOTUS:

Supreme Court to Tackle a Bankruptcy Tax Refund Circuit Split
(DBN)

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Interest:

Fifth Circuit Denies Post-Petition Default Interest to Fully Secured Creditors
(DBN)

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Bankruptcy Reform:

Baldwin, Cornyn Legislation to Support Veterans Experiencing Bankruptcy Passes House Judiciary Committee
(DBN)

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Claims:

Multiemployer Pension Plan Withdrawal Liability Claims—Discharge and Bar Dates: When Is a Claim a Claim?
(DBN)

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Liquidated Damages:

New York Bankruptcy Court Strikes Liquidated Damages Provision and Related Guarantee as Unenforceable Penalty
(DBN)

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Bankruptcy Strategy:

Storm Preparation: Dealing With Financially Troubled Companies and Avoiding Clawbacks
(DBN)

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Litigation:

As the Litigation Funding Industry Grows, So Do Efforts to Control It
(DBN)

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Mass Torts:

Asbestos Trust Transparency Update
(DBN)

Asbestos Case Tracker 2019 Mid-Year Compendium
(DBN)

Larry Nassar Trauma 2.0 - The Settlements
(DBN)

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Agribusiness:

How are small farms surviving? Airbnb.
(DBN)

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Healthcare:

Hahnemann bankruptcy proceedings start slowly in Wilmington
(DBN)

No Evidence Of Added Benefit In Most New Drugs, Study Finds
(DBN)

Trump’s losses in drug pricing battle should be a free market wake-up call to him
(DBN)

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Travel:

'Literally bodies on the ceiling of the plane': Passengers describe extreme turbulence on Air Canada flight that put 30 people in hospital
(DBN)

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Personal Finance:

As Louisiana braces for a possible hurricane, it’s a cautionary reminder to always have ‘financial go-bag’
(DBN)

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Aviation:

Boeing 737 program manager to retire amid crisis over jet’s grounding
(DBN)

Boeing's Troubled 737 MAX Program Gets 2nd New Leader In A Year While Consumers File Suit Accusing It And Southwest Of Conspiring To Hide Plane's Faults From Travelers
(DBN)

Will Boeing recover from the 737 Max crisis?
(DBN)

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Cannabis:

US lawmakers look to legalize pot in ‘historic’ marijuana reform hearing
(DBN)

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UK:

Insolvency Service Enforcement Outcomes: 2019/20
(DBN)

Draft Finance Bill published: HMRC preferential status on insolvency confirmed
(DBN)

Chair regrets merger and college is at a ‘high risk of insolvency’
(DBN)

Treasury draft finance bill prioritizing tax bills in insolvency cases
(DBN)

Interserve taps former Carillion director as chairman
(DBN)

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India:

NCLAT agrees to hear Dutch Bankruptcy Administrator in Jet Airways Insolvency
(DBN)

India's war on world’s worst bad-debt pile stalled by regulators
(DBN)

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Mexico:

Government employees health service near bankruptcy
(DBN)

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MENA:

Iran orders 'foreign powers' to leave the Strait of Hormuz, and says the West is playing a 'dangerous game'
(DBN)

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Brazil:

Brazil appeals court judge lets Odebrecht creditors seize Braskem shares
(DBN)

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Australia:

Insurers take note: Australian court limits the application of insolvency exclusions
(DBN)

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Venezuela:

Venezuelan Debt: Soft Power Matters
(DBN)

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