July 25, 2019

The Daily Bankruptcy News

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Law:

A disruptive forty percent
(DBN)

LeClairRyan CEO: ‘We’re looking at all options’
(DBN)

BigLaw Getting Squeezed Out of Corporate Spending on Legal Services
(DBN)

Amy Wax’s Racist Remarks Force Penn Law School To Let Her Take A Paid Vacation
(DBN)

That $190K Entry-Level Salary - The Elephant in the Room
(DBN)

This Biglaw Firm Knows A Lot About Bankruptcy
(DBN)

Kirkland & Ellis lawyer uses firm’s concierge service to buy shoes for her dogs
(DBN)

Bankruptcy Partner Returns to Thompson Hine From Greenberg Traurig
(DBN)

Nixon Peabody wards off prosecutors' conflict claims in college admissions case
(DBN)

Is This The Beginning Of The End For This Biglaw Firm?
(DBN)

The Am Law A-List: Ranking The Most Elite Law Firms In America (2019)
(DBN)

Rate of Men Taking Paternity Leave Falls—Again
(DBN)

How The Recession Forced Law Schools To Reimagine Their Role In Students' Careers
(DBN)

As Whittier Law School Prepares To Close, Dean Tries To Soften Blow For Students
(DBN)

Do state bar licensing authorities distrust law schools?
(DBN)

Harvard Law School Professor Caught Up In Bizarre Scandal
(DBN)

Lawyers Stranded in No-Deal Brexit Seek Loopholes to Keep Jobs
(DBN)

5 Quick and Easy Ways to Hack Your Business Development
(DBN)

How To Make Bar Exams Great Again: Require State Bar Officials To Take And Pass It Each Year
(DBN)

Mueller: Trump was not ‘totally exonerated’ in Russia probe, can be indicted after leaving office • Mueller’s Testimony Was Just as Confusing as His Report • The Mueller bombshell that wasn't • Robert Mueller Used a New Phrase to Say President Trump Was Not Exonerated • Robert Mueller Kept His Promise • Mueller on Trump's praise of WikiLeaks: "Problematic is an understatement" • 4 big moments from Robert Mueller's testimony on obstruction • Three Ways Mueller Says Trump Is Lying • Mueller says ‘outright liars’ made it harder to complete his report • Trump lashes out at Mueller in Twitter meltdown • Republicans Take Their Shot at Mueller—And Narrowly Miss • GOP Rep. Louie Gohmert screams at Mueller, who offers a 4-word response • The Many Times GOP Lawmakers Confronted Robert Mueller with False Premises • Trump allies declaring victory after first of Wednesday’s two Mueller hearings • Ex-special counsel says report didn’t exonerate Trump • GOP Lawmaker Suggests Lack of Fox News Citations in Mueller Report Proves Bias • Mueller insists he talked about FBI job with Trump White House but did not seek it • Trump, Mueller differ on whether Mueller sought FBI job • Top Senate Republican to tune out Mueller testimony: McConnell wonders ‘how many times we want to see this movie again’ • Media frenzy for Mueller testimony as broadcast, cable networks go wall-to-wall • Nadler’s Mueller hearing was a waste of everyone’s time • 'Surprising': Mueller Says He Didn't Know Prosecutor Repped Clinton Until After She Joined His Team • The Mueller Hearing And The Theater Of The Macabre • The Most Revealing Exchange of the Mueller Hearing • The two big Mueller exchanges that capture the Russia scandal • Mueller on Trump: Everything the Special Counsel’s Report Says the President Did, Said or Knew • Robert Mueller Got Animated Just Once: Defending His Prosecutors • The Mueller Hearings and the Stench in Washington • Only House Democrats can hold Trump accountable and Mueller’s testimony proved it • Mueller’s Testimony: The Baton Passes to Congress • 'The death rattle for impeachment': Republicans take a victory lap after Mueller's testimony misses Democrats' expectations • The Mueller Show Ends with a Whimper • Rudy dances after Mueller falters on the Hill
(DBN)

“He Was Like Boo Radley”: The Lazard Connection, and Other Mysteries of Jeffrey Epstein’s Financial Black Book • Democratic fundraising committees decline to say whether they will donate, give back Epstein funds • Jeffrey Epstein Found Unconscious in Jail Cell • Jeffrey Epstein on suicide watch after accused sex trafficker found injured in NY jail
(DBN)

Michael Avenatti And The Art Of The Attorney Shakedown
(DBN)

White Professor Sues Historically Black College for Race Discrimination
(DBN)

Federal judge lets Trump's new asylum restrictions continue • Migrants risk it all seeking asylum. The answer in court is almost always no.
(DBN)

Cops: Woman Fired Hot Lead Over Cold Fries
(DBN)

Judge Blocks Arkansas Abortion Laws From Taking Effect • Where abortion restrictions stand: The states that have passed laws • ACLU sues after Alaska governor cuts court budget to protest abortion ruling • Arkansas Law Could Threaten Roe v. Wade • Party of five? Setting the table for Roe v. Wade • Roe … or wait?
(DBN)

Rise of the digital neighborhood watch
(DBN)

Suspended lawyer ordered to pay $3.4M in attorney fees to Chevron as contempt sanction
(DBN)

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Judges:

Ruth Bader Ginsburg says she opposes 2020 Democrats’ plans to expand the Supreme Court
(DBN)

Ginsburg Laments SCOTUS Confirmation ‘Dysfunction’ in Senate
(DBN)

Justice Ruth Bader Ginsburg’s Greatest Humblebrag: ‘I Am Very Much Alive’
(DBN)

Knife-wielding man is shot outside LA courthouse amid infringement case against Katy Perry
(DBN)

The Life and Legacy of John Paul Stevens
(DBN)

Attorney Who Advocated Anti-Abortion Views Confirmed as Judge
(DBN)

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Wall Street:

Dow futures rise as investors cheer solid earnings, 3M and Facebook gain • Stock futures mixed on one of the biggest earnings days yet
(DBN)

Stocks Close at Record Highs on Growth Optimism
(DBN)

JP Morgan warns of a ‘significant’ sell-off in US stocks this quarter
(DBN)

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Layoffs:

Nissan to Fire 12,500 Workers, Not 10,000
(DBN)

Private Equity Has Killed 600,000 Retail Jobs, Study Says
(DBN)

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Banking:

Deutsche Bank posted its biggest loss since the financial crisis • Deutsche Bank Somehow Still A Thing That Exists
(DBN)

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Aviation:

Boeing warns it could suspend 737 Max production if the planes’ return is delayed further • Boeing burns US$1B in cash as 737 Max grounding costs mount • Boeing reports its worst-ever financial losses as 737 Max crisis continues
(DBN)

Southwest accused of racketeering in lawsuit over safety of Boeing's 737 MAX planes
(DBN)

Southwest grounds Boeing 737 Max till 2020, to end Newark flights
(DBN)

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Mass Torts:

Allergan breast implants linked to rare cancer face global recall
(DBN)

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Package Delivery:

UPS paves profitable path for drone deliveries as it prepares for nationwide takeoff
(DBN)

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Pensions:

Kentucky governor signs pension bill as special session ends
(DBN)

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Student Debt:

78% of Recent Graduates Say Student Loan Debt Hinders Lifestyle and Financial Milestones
(DBN)

Nervous about paying for school? We had 4 experts tell us the secret to avoiding crippling college debt
(DBN)

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Autos:

Tesla falls 10% after posting wider-than-expected loss • Tesla misses earnings expectations, loses $408M in Q2 • Tesla Breaks Records But Doesn’t Break Even • ‘Not a lot to like’ — Analysts pan Tesla as the shares are slammed on poor results • Tesla tries to rein in its forecast approach, but Elon Musk must not have gotten the memo
(DBN)

Ford shares plunge after earnings fall short, 2019 forecast disappoints • Ford Profits Fall 86%
(DBN)

Nissan’s Pain Worsens on 99% Profit Plunge, 12,500 Job Cuts
(DBN)

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Food/Beverage:

12 iconic restaurant chains that no longer exist in America
(DBN)

Necco dispute clears hurdle in bankruptcy court
(DBN)

With no bidders at auction, Herb Philipson’s remains in bankruptcy
(DBN)

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Television:

TV Blackouts Hit Record High
(DBN)

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History:

In a small Arkansas town, echoes of a century-old massacre
(DBN)

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Travel:

Emotional support dog bites flight attendant
(DBN)

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Economy:

Manufacturing isn’t the whole economy, but it’s important enough to get the Fed’s attention
(DBN)

Tim Mullaney to Sen. Elizabeth Warren: There’s no crash coming
(DBN)

Based on what people are searching for on Google, a recession is nowhere near
(DBN)

How Trump Shut Down Deficit Hawks
(DBN)

Trade War Cost China 2M Industrial Jobs
(DBN)

Philly Fed: State Coincident Indexes increased in 46 states in June
(DBN)

UPS sees trade headwinds ‘growing’ as global production and exports are slowing
(DBN)

Mnuchin lays into Amazon, says it ‘destroyed’ the retail industry, hurt small businesses
(DBN)

The Fed can’t stop a market meltdown, warns forecaster who called the 2008 housing bust
(DBN)

This chart shows how much money Americans earn at every age
(DBN)

Mentions of Immigration as Top Problem Surpass Record High
(DBN)

Fewer Goods Being Shipped Across Country
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

New-home sales rebound in June after two straight declines • New Home Sales increased to 646,000 Annual Rate in June • A few Comments on June New Home Sales
(DBN)

MBA: Mortgage Applications Decreased in Latest Weekly Survey
(DBN)

Almost 40% of homes in the U.S. are mortgage-free
(DBN)

The 25 ZIP codes with the highest mortgage debt
(DBN)

Here are the best and worst places to raise a family
(DBN)

Real estate in the Hamptons had its worst spring quarter in 8 years
(DBN)

This city has the No. 1 most stable housing market in the country
(DBN)

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Municipalities:

Puerto Rico’s Governor Confirmed His People’s Worst Suspicions
(DBN)

Puerto Rico House Speaker Gives Governor Deadline to Depart • After 11 days of 'Rickyleaks' protests, Puerto Rico governor mulls future • Puerto Rico House report recommends starting gov’s impeachment proceedings
(DBN)

Puerto Rico governor resigns amid intense political pressure, massive protests • Euphoria in Puerto Rico as mass protests force governor to resign • Puerto Rico Governor’s Resignation Shakes Bankrupt Commonwealth
(DBN)

Insults from their own governor finally pushed Puerto Ricans over the edge
(DBN)

Puerto Rico Chaos May Empower U.S. Oversight Board as Rossello Exit Looms
(DBN)

Why is Puerto Rico protesting? 5 biggest questions about the US territory
(DBN)

Puerto Rico Judge Imposes 120-Day Pause on Bankruptcy Suits • Judge halts Puerto Rico bankruptcy process for 3 months
(DBN)

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Oil/Gas:

PES Holdings, LLC -- Moody's downgrades PES's PDR to D-PD following bankruptcy filing
(DBN)

Midstream energy companies reduce debt — and there's room to continue
(DBN)

Job Losses Hit As Shale Slows Down
(DBN)

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Personal Finance:

Your college major may affect your ability to get a loan — consumer advocates say that’s a problem
(DBN)

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Politics:

Elizabeth Warren and Bernie Sanders both want to be the Democrats’ progressive candidate, and a showdown at the next debate is likely
(DBN)

Joe Biden Is Still Acting Like It’s His to Lose, But Warning Signs Are Flashing
(DBN)

Top strategist projects narrow Electoral College victory for Democrats
(DBN)

Muslim activist probably regrets asking Rep. Ilhan Omar this ‘appalling’ question • Trump’s attacks on Ilhan Omar are boosting her support in Minnesota
(DBN)

NAACP calls for Trump impeachment
(DBN)

What If They're Not Coming for the Jews This Time?
(DBN)

Trump's latest, and unlikely, target: Aaron Zebley, FBI agent who hunted terrorists
(DBN)

The strange tale of the political staffer who quit on his boss’s Twitter account
(DBN)

Trump vetoes Congress' attempt to block arms sales to Saudi Arabia
(DBN)

Court says Texas can make voting maps over 'grave concerns'
(DBN)

GOP Blocks Election Security Bill
(DBN)

Infamous Fraudster Bernie Madoff Asks Trump to Commute His 150-Year Prison Sentence
(DBN)

There’s basic agreement between Mueller and Democrats in Congress on the facts of what Trump did, but no one wants to be the one who does something about it
(DBN)

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Mass Torts:

Roundup, talc cases force question: What if juries get the science wrong?
(DBN)

Facing 12,000 lawsuits, J&J has expert testify that there is no link between talc and ovarian cancer
(DBN)

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Telecoms:

Uniti asks bankruptcy court to halt use of mediator on Windstream lease
(DBN)

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Newspapers:

Union Democrat Newspaper Being Sold
(DBN)

Losing the News
(DBN)

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Retailing:

Barneys is scrambling to find a buyer to avoid bankruptcy: sources
(DBN)

Private equity's role in retail has decimated 1.3 million jobs, study says
(DBN)

Amazon has ‘destroyed’ US retail industry, Mnuchin says
(DBN)

Francesca's Looks Headed To Bankruptcy
(DBN)

Singapore's Generation Z Won't Be Mall Rats
(DBN)

JC Penney is fading. Nordstrom is struggling. Walmart is thriving. That sums up what’s happening in retail.
(DBN)

Despite Huge Differences, JC Penney And Pier 1 Got Backed Into The Same Retail Corner
(DBN)

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Healthcare:

Hahnemann University Hospital starts the process of formally releasing stranded residents • Hahnemann to release residents, fellows over next 2 weeks
(DBN)

Triangle provider sues feds over Medicare penalties in attempt to avoid bankruptcy
(DBN)

Private equity is taking over dermatology practices
(DBN)

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Consumer Finance:

State attorney general announces relief for 80,000 Pennsylvanians targeted by online payday loan scheme
(DBN)

Pa. AG, Bankrupt Fintech Firm Settle Payday Lending Suit
(DBN)

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Agribusiness:

Major pulse company files for bankruptcy ahead of 2019 harvest
(DBN)

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Lehman:

The West End Meets Wall Street As 'The Lehman Trilogy' Returns to New York
(DBN)

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Religion:

Report: Diocese of Rochester could face at least 75 new lawsuits over child abuse
(DBN)

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New Bankruptcy Opinions
(8 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (15 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (18 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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Examiners:

Squeeze on Fees: How Examiners Keep Bankruptcy Advisers in Check
(DBN)

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Avoidance Actions:

Lis Pendens: Is It A “Transfer” (And Thus Avoidable) Or Not?
(DBN)

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Strategy:

Financially Troubled Suppliers – Who Are They and How To Identify Them
(DBN)

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Equity:

Recent Sixth Circuit BAP Case Explains What “Court of Equity” Really Means
(DBN)

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Litigation:

Litigation Finance: Three Trends Shaping the Industry in 2019
(DBN)

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Fraud:

Bernie Madoff asks Trump to reduce his prison sentence for massive Ponzi scheme
(DBN)

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Tech:

Mnuchin: DOJ 'absolutely right' to launch tech antitrust probe • Why the Justice Department's probe could be good news for US tech giants
(DBN)

Enough is Enough: Time to Break Up Big Tech • It's Time to Break Up the Tech Giants
(DBN)

FTC sues now-bankrupt Cambridge Analytica over ‘deceptive practices’
(DBN)

Facebook's humbling deal with the FTC is the biggest assault on Mark Zuckerberg's power in the firm's history
(DBN)

The growth of U.S. tech job listings has slowed
(DBN)

The end of tech's laissez-faire era
(DBN)

88% Adults Stare At Screens While Dining
(DBN)

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Climate:

No Climate Event in 2,000 Years Compares to What’s Happening Now
(DBN)

Climate Scientists Reject Skeptic's Claims
(DBN)

Make That 18 Months to Save the Planet
(DBN)

Flurry of climate-change bills incoming
(DBN)

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Electricity:

Insurers Offer Plan To Take Over Bankrupt PG&E After Fires • PG&E Insurers Take Swing At Resolving Utility's Ch. 11
(DBN)

New questions about who will run PG&E after bankruptcy
(DBN)

PG&E Keeps Bankruptcy Control for Now After Judge Delays Ruling
(DBN)

PG&E Bankruptcy Update: Investors Have Their Own Idea On How To Restructure The Utility
(DBN)

PG&E bankruptcy judge grants Newsom’s request for time extension
(DBN)

PG&E seeks bankruptcy judge's approval to give top executives bonuses if the company fulfills safety goals
(DBN)

FirstEnergy Solutions Applauds Enactment of HB6 Legislation
(DBN)

Think tank: Nuclear plants' bankrupt owner spent heavily for bailout
(DBN)

One of America's oldest power companies is going carbon free
(DBN)

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Education:

Has College Gotten Too Easy?
(DBN)

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Pharma:

Cities, Counties Lose Bid For Committee In Insys Ch. 11 Case
(DBN)

Flooded with opioids, Appalachia is still trying to recover
(DBN)

How drug middlemen take back money from pharmacists
(DBN)

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Celebs:

Adrian Peterson deep in debt despite earning $99m after 'trusting wrong people'
(DBN)

'RHOBH' Star Dorit Kemsley Called Out By Camille Grammer for Financial Woes During Reunion
(DBN)

Lil Kim officially sails out of bankruptcy
(DBN)

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Coal:

Coal companies are going bankrupt. What happens to the pensions they’ve promised miners?
(DBN)

Coal CEO hosts Trump fundraiser as industry’s hurdles mount and workers are left behind
(DBN)

Blackjewel says it has interest from buyers
(DBN)

Displaced miners look for employment, answers amid bankruptcy concerns
(DBN)

Wind has overtaken 'risky' coal for energy use in Texas for the first time
(DBN)

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Debt Collection:

A Deeper Dive into the CFPB's Report Finding Decline in Debt Collection Credit Reporting Trends
(DBN)

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UK:

Boris Picks Team for Brexit Battle • Boris Johnson’s Plan to Solve Brexit: Believe Harder • Boris Johnson Says UK Should Not Fear No-Deal Brexit • Boris Johnson faces swift and bloody nemesis • Boris Johnson Sacks Over Half His Cabinet • The Art of the No-Deal Brexit, Boris Edition
(DBN)

What happened to post-Brexit free-trade nirvana? • Brexit And The Next 100 Days In 5 Charts
(DBN)

EU on Boris' Claims: There Are No Side Deals
(DBN)

Post-Brexit action heats up in Dublin
(DBN)

‘Counterintuitive’ rise in number of bankrupt Scots • Personal insolvencies in Scotland rise by over 20%
(DBN)

Harland and Wolff 'could go to wall' by next Wednesday
(DBN)

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India:

IBBI tightens norms for insolvency resolution professionals
(DBN)

IBC amendments credit positive, says Moody's
(DBN)

With over Rs 9,000 crore debt, Anil Ambani's Reliance Naval now stares at bankruptcy
(DBN)

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Russia:

Russia's Antipinsky refinery to be sold in bankruptcy proceedings
(DBN)

Russia's Sberbank sees chance of averting refinery bankruptcy
(DBN)

Russia's Mechel seeks to postpone debt repayments to 2024-26
(DBN)

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Australia:

Proposal to make director personally liable for company’s GST
(DBN)

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MENA:

Saudi Arabia Struggles to Break Oil Addition
(DBN)

Khamenei: No Talks With US, Period.
(DBN)

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France:

Retailer Casino cancels dividend as it pursues debt-cutting plans
(DBN)

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