September 13, 2019

The Daily Bankruptcy News

View prior editions: Click Here
View prior case summaries: Click Here
Search prior headlines: Click Here
Search prior case summaries: Click Here

Format For Mobile Device



Law:

Jones Day and local counsel flub redactions in court filing, leading to show-cause order
(DBN)

Cristine Pirro Schwarzman Joins Ropes & Gray’s Business Restructuring Group in New York Kirkland Partner Jumps to Bankruptcy Team at Ropes & Gray Cristine Pirro Schwarzman Joins Ropes & Gray from Kirkland
(DBN)

No More Lunch With The Cool Kids: Biglaw Firm Bans Client From Its Cafeteria
(DBN)

Deaf and Blind Harvard-Educated Lawyer Tells Her Story
(DBN)

The Biglaw $1 Million Profits Per Partner Club Is Getting Bigger
(DBN)

Bankrupt Lawyer Beats Law Firm Lender Over Interest in Co-Op Proceeds
(DBN)

Kim Kardashian’s Father Tried To Warn Her That Being A Lawyer Would Be ‘Too Stressful’
(DBN)

Is the Honeymoon Period Between Clients and Law Firms Real?
(DBN)

Pierce Bainbridge alleges ‘litigation soap opera’ by sanctions-seeking ex-partner
(DBN)

Harvard Study on Negotiating
(DBN)

Partners quit in solidarity with suspended colleague
(DBN)

Dozens of lawyers resign from Clyde & Co to set up US boutique Second Partner Team Leaves Clyde & Co as Eight Quit San Fran Office
(DBN)

Why U.S. Legal Businesses Flirt With IPOs But Don’t Commit
(DBN)

As Pay Gap Widens, Some Firms Attract Associates With Other Incentives
(DBN)

More Law Schools Join The GRE Party
(DBN)

Lawyer 'lied' that Managing Partner sniffed her hair and groped her on drugs
(DBN)

4 Years Later, Law Grad Suing GDP Says She's Still Being Harassed
(DBN)

Here are the biggest differences between Apple's new iPhone 11, iPhone 11 Pro, and iPhone 11 Pro Max
(DBN)

'Gun violence in America is not inevitable': CEOs of Uber, Twitter, and 143 other major companies signed a letter urging the Senate to take action on gun control Apple, Facebook, Amazon, and Google all skipped signing a letter from 145 CEOs urging the Senate to take action on gun control
(DBN)

Rudy Giuliani remembers 9/11 by tweeting a violent, creepy clothing ad
(DBN)

Harvard reviews Epstein's $8.9 million in gifts Senior MIT officials, including president, knew about Epstein donations
(DBN)

The Justice Department will reportedly recommend criminal charges against former FBI deputy director Andrew McCabe Justice Department rejects Andrew McCabe's appeal to avoid prosecution
(DBN)

Judge grills prosecutors and considers tossing guilty verdicts in Mueller-tied lobbying case
(DBN)

7 major retailers including Walmart, CVS, and Aldi are banning open carry of firearms in stores in the wake of deadly shootings
(DBN)

How American culture and a sense of 'aggrieved entitlement' in males can lead to mass shooters
(DBN)

The FBI is reportedly investigating Facebook board member Peter Thiel's venture capital firm over allegations of 'financial misconduct'
(DBN)

Supreme Court says US can implement rule that bans most asylum applications at southern border Ken Cuccinelli: Kids of unauthorized immigrants should not have birthright citizenship Mexico Disagrees with SCOTUS on Asylum The world shuts its doors
(DBN)

Chief Justice Roberts Killed the Citizenship Question and Trump's Asylum Ban Might Be Next
(DBN)

Police: Texas gunman was violent at psychiatric facility
(DBN)

Number of U.S. kids in integrated schools has nearly doubled. But big-city schools remain segregated.
(DBN)

A fortune teller scammed a woman out of $1.6 million. She said she needed it to break a curse.
(DBN)

Paralegal saved from prison by aghast judges
(DBN)

Woman Can Sue Divorce Attorney for Sharing Their Email With Ex
(DBN)

White & Case partner goes public with his love of 'Dirty Lemon'
(DBN)

Lawyer proposes at comedy roast about his love of strippers
(DBN)

Forwarding email is a crime, Jerry Falwell Jr. says after leaks to media Email Release: Falwell vs. The World
(DBN)

______________

Judges:

BK SD CA: New Chief Bankruptcy Judge
(DBN)

BK SC: Expiration of Term of Incumbent Bankruptcy Judge
(DBN)

Justice Sotomayor warns the Supreme Court is doing “extraordinary” favors for Trump Sotomayor's brutal dissent unmasks an ugly truth about Trump
(DBN)

Ted Cruz to Oppose Trump Judicial Nominee
(DBN)

Is the Supreme Court too deferential to Trump - or worried some judges are overstepping their power?
(DBN)

The controversy over “ethnonationalism” and a Trump judicial nominee, explained
(DBN)

Recalled Judge Gets Fired Again
(DBN)

Ex-Judge Fights Probation Officer's Recommendation to Quadruple His Sentence
(DBN)

______________

Wall Street:

Dow, S&P close to all-time records as US futures point to slightly higher open
(DBN)

US close: Stocks close slightly higher following Trump's 'good will' gesture
(DBN)

______________

Layoffs:

BAT plans to cut 2,300 jobs by Jan 2020 Reuters
(DBN)

JACK Entertainment Announces 92 Layoffs
(DBN)

Oakland housing developer to lay off 170
(DBN)

______________

Trucking:

Jack Cooper Sale Process Moves Forward
(DBN)

Andrew Yang is promising to save truck drivers from their demise — but truckers can't even agree if he's right about their future
(DBN)

____________

Pharma:

Every US community can have a say in national opioid suit settlement, judge rules
(DBN)

Chart showing opioid doses by state
(DBN)

What a Purdue Pharma bankruptcy means for the Sackler family
(DBN)

Purdue Bankruptcy May Leave State AGs Out In The Cold
(DBN)

Chaotic talks show challenge of reaching opioid settlement
(DBN)

Opioid Deal-Makers Cleared to Represent Cities Across U.S.
(DBN)

Who joins Purdue on pharma's top 10 settlements list? Merck, GSK and Pfizer, for starters
(DBN)

____________

Retailing:

Retail Bankruptcies, Closures Faster This Year Than Last
(DBN)

Forever 21's Expected Bankruptcy Filing Does Not Mark the Fall of Fast Fashion
(DBN)

Forever 21 Bankruptcy News: Retailer Refutes Report It's Filing Sunday Forever 21 denies it is filing for bankruptcy Forever 21 says bankruptcy not imminent as possible store closures loom
(DBN)

Forever 21 Plans to Shutter at Least 100 Stores in Bankruptcy
(DBN)

Forever 21's history as it went from success to bankruptcy reports
(DBN)

Tru Kids taps toy industry vet to head joint venture to open Toys ‘R’ Us stores Executive Known For Playing Nicely To Lead Reborn Toys R Us Stores
(DBN)

These 10 retailers need a big fourth quarter
(DBN)

Victoria's Secret owner promises an 'evolution' is ahead
(DBN)

Founder bids to buy Charming Charlie trademarks out of bankruptcy
(DBN)

Discount Retailer Fred Seeks Bankruptcy Protection Chapter 11
(DBN)

____________

Climate:

Could Climate Change Benefit Companies Like Amazon?
(DBN)

____________

Celebs:

“Undercover Billionaire” Glenn Stearns Is Not Actually A Billionaire
(DBN)

____________

Autos:

GM strike risk at 12-year high as weekend deadline nears
(DBN)

____________

Marketing:

Creditors look to force Colortree into bankruptcy
(DBN)

____________


Economy:

Taking interest rates to zero is not a good idea. Here’s why Negative Interest Rates are Very Dangerous
(DBN)

US consumer prices up slight 0.1% in August but core higher BLS: CPI increased 0.1% in August, Core CPI increased 0.3%
(DBN)

U.S. producer prices unexpectedly rise in August
(DBN)

In Trump Versus Obama, Interest Rates Are a Stalemate
(DBN)

Senate confirms Bowman to 14-year term on Fed’s board
(DBN)

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

Weekly Initial Unemployment Claims decreased to 204,000
(DBN)

US budget deficit smashes $1 trillion mark, highest in 7 years
(DBN)

McCarthy: Addressing the Debt We Created Will be Our Priority
(DBN)

Real Adjusted Median U.S. Household Income Since 1999
(DBN)

Trump Tariffs Cost US $6.8 Billion in July The Trump administration has reportedly discussed a China trade deal that would lift some tariffs Trump advisers consider interim China deal to delay tariffs Senior White House official denies report US considering interim China trade deal Trump says he's open to interim trade deal with China The US and China called a small ceasefire in their trade war. But the standoff isn’t over. Trump's trade war with China is threatening Boeing's crucial sales of larger aircraft, according to its CEO Trump says China will be buying ‘large amounts’ of US agricultural products U.S. wants to make progress in solving China trade dispute: Mnuchin Noted fixed-income investor Jeffrey Gundlach: There will be no U.S.-China trade deal Optimism about U.S.-China trade discussions sends mortgage rates higher China Seeks Argentine Soy Meal in Fresh Blow to U.S. Farmers The US-China trade war is still in flux. Here are the 12 companies that have the most riding on a successful resolution.
(DBN)

Top Democrat attempts to block Trump from paying farm bailout money, setting up battle over trade war tactics
(DBN)

Income for young adults has grown by just $29 since 1974 — nowhere close to keeping up with skyrocketing housing costs and the crushing size of student-loan debt
(DBN)

17 US cities where the average salary goes much further than you'd think
(DBN)

Metro areas with the most income inequality
(DBN)

Mnuchin says the Treasury is ‘seriously considering’ issuing a 50-year bond next year
(DBN)

A top Senate Democrat unveils plan to revamp the capital gains tax, fund Social Security
(DBN)

Elizabeth Warren’s plan to expand Social Security, explained
(DBN)

California's gig economy bill won't just impact Uber drivers. Here's how the landmark decision is a major win for janitors, truck drivers, and other low-wage workers.
(DBN)

More Americans are prepared for a recession, thanks to painful lessons of the last one
(DBN)

Bair: It's the Worst Time to Unshackle Banks
(DBN)

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

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Millennials are resorting to this questionable tactic in order to buy their first homes
(DBN)

Blackstone moves to take full ownership of Stearns Lending when lender exits Chapter 11 bankruptcy Stearns to exit bankruptcy with new owner
(DBN)

50 housing markets that are turning ugly
(DBN)

US long-term mortgage rates rise, with 30-year at 3.56%
(DBN)

LendingTree: This is how a foreclosure really impacts a borrower's pursuit of homeownership
(DBN)

Millennials, Gen Xers and Baby Boomers agree: They don't make enough to buy a home
(DBN)

Trump administration working to end Fannie/Freddie profit sweep in September
(DBN)

Why are American homes so big?
(DBN)

The US isn't building enough houses, and that's not changing anytime soon
(DBN)

The monthly median rent for a studio in Manhattan this summer hit an astonishing 11-year high, and the city's prices are driving people away in droves
(DBN)

Fannie Mae announce sale of more than $1 billion in non-performing loans
(DBN)

____________

Municipalities:

Why Florida’s first Chapter 9 filing by a CDD may be dismissed
(DBN)

Muni Lowdown : Beating the Oddsmakers
(DBN)

Puerto Rico will lose federal tax credits that support 18% of revenue
(DBN)

The Disappearing Schools of Puerto Rico
(DBN)

Journalist's new book discusses the cause of Puerto Rico's debt
(DBN)

25 towns devastated by losing a single company
(DBN)

Here are the 22 US cities and towns with more Spanish than English speakers
(DBN)

____________

Oil/Gas:

Alta Mesa Files Bankruptcy, Shuffles Leadership Alta Mesa's stock sinks after declaring bankruptcy Alta Mesa files for bankruptcy under former Anadarko chief Houston upstream co. enters 'free fall' bankruptcy
(DBN)

Rig Bosses Try to Win Back Investors After ‘Horrible Year’
(DBN)

Oil Glut Will Overpower Oil Prices
(DBN)

Feds Ready to Open Arctic Refuge to Drilling
(DBN)

____________

Personal Finance:

6 problematic things parents do that can make their children insecure, withdrawn, drug-dependent, or otherwise worse off as they grow up
(DBN)

Would a 'Medicare for All' plan help you save money on your family's health-care costs? It's complicated
(DBN)

11 traits you need to be an effective remote worker
(DBN)

10 tips for negotiating with all types of creditors
(DBN)

____________

Politics:

Biden vs Warren: The epic showdown that didn’t happen Joe Biden's record-player moment Showdowns? Knockout Blows? Not in This Debate. Biden gets pressed on Obama era record deportations Sanders laughs out loud at Biden's 'rather humorous' claim he's too trusting of 'corporate America' Fact-Checking the Democratic Debate Joe Biden's memory under fire in row over Obama's legacy at Democrat debate Did Kamala Harris Have the Worst Debate? Full transcript: Democratic debate in Houston AP Fact Check: Dems draw link between Trump, El Paso murders Castro questioned Biden's acuity. But did Castro get it right? Fact-checking the Democratic presidential debate in Houston Ranking the Houston Democratic debaters: From Warren to Beto Joe Biden accuses Democrat rivals of trying to bankrupt US Democratic front-runners clash in debate over health care, immigration – and Obama From 'a really small dude' to 'white supremacist,' here's how the 2020 Democrats beat up on Trump at Thursday's debate in Houston Biden touts Obamacare while slamming Sanders and Warren’s healthcare plans In his debate opening statement, Andrew Yang announced a raffle to give 10 families a $12,000 annual universal basic income Yang's plan to give 10 families $1,000 a month drew giggles and legal concerns Joe Biden accidentally called Bernie Sanders 'the president' during the Houston Democratic debate Here are the winners and losers of Thursday's fiery Democratic presidential debate 5 takeaways from the third Democratic debate
(DBN)

‘Hell, yes, we’re going to take your AR-15, your AK-47,’ says Beto O’Rourke at debate Texas representative tweets Beto O’Rourke that his ‘AR is ready for you’
(DBN)

Cramer says he has a soft spot for Elizabeth Warren because she thinks about how to help people Elizabeth Warren leads Joe Biden in ranked-choice poll
(DBN)

Warren, on debate day, proposes Social Security boost of $200 per month
(DBN)

Joe Biden and Elizabeth Warren: A short guide to big differences
(DBN)

Obama administration officials called Elizabeth Warren ‘sanctimonious’ and a ‘condescending narcissist’
(DBN)

Democratic primary polls are showing a 3-way race going into the third debate
(DBN)

Why the Lone Star State might turn blue
(DBN)

What Trump’s horrific polling actually tells us — and what it doesn’t — about 2020
(DBN)

House Judiciary approves resolution outlining rules for Trump impeachment inquiry
(DBN)

Fox News Producer: “I can’t tell you how unpopular Trump is here”
(DBN)

Carson cleared of misconduct in ordering $31,000 dining room set for office suite
(DBN)

Here's how rich every US senator is
(DBN)

259 Air Crews Refueled Near Trump Resort Air Force Crews to Trump Resort 40 Times
(DBN)

Federal Court Slaps Down Tennessee GOP Plan to Restrict Voter Registration Drives
(DBN)

Trump Rolls Back Water Protections
(DBN)

____________

Electricity:

The Potential Pros and Cons of Buying PG&E’s Power Grid
(DBN)

California hospitals and nursing homes brace for wildfire blackouts
(DBN)

____________

Taxis:

California Just Made Uber’s Survival Odds Even Longer
(DBN)

____________

 


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 (21 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (2 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)

______________

Bankruptcy Reform:

Customs Brokers Lobby Change To US Bankruptcy Law
(DBN)

____________

Jurisdiction:

PG&E Bankruptcy Judge to FERC: What Part of “Exclusive” Jurisdiction Do You Not Understand?
(DBN)

____________

Substantive Consolidation:

Ninth Circuit Limits Substantive Consolidation
(DBN)

____________

Recoupment:

The Devil is in the Details ... the Doctrine of Recoupment
(DBN)

____________

Education:

Bankrupt Public Colleges
(DBN)

____________

Plan Confirmation:

Same Class, Different Recoveries—No Bar to Plan Confirmation
(DBN)

____________

Mass Torts:

The Gross and the Fair of Toxic Tort Claims in Bankruptcy
(DBN)

Insurers Should Prepare to Promptly Handle Wave of Child Sex Abuse Claims, DFS Says
(DBN)

____________

Bankruptcy Reform:

When “Small” is Still Too Big: The Small Business Reorganization Act
(DBN)

____________

Student Debt:

'It's our generation's milestone': From Sallie Mae-themed music videos to popping debt balloons, here are all the ways people are celebrating paying off student loans
(DBN)

The student debt crisis and what Democratic candidates propose doing about it
(DBN)

____________

Healthcare:

Citing ‘Crushing Rent Burden,’ Skilled Nursing Operator Absolut Care Files for Bankruptcy
(DBN)

Residency Program Sale After Hospital Closure a Mistake, Reps Say
(DBN)

U.S. Justice Department will fight sale of Hahnemann residency program U.S. plans to fight sale of Hahnemann's medical residency program
(DBN)

Drexel University medical students speak on on closure of Hahnemann hospital
(DBN)

Hospitals' dog in the surprise billing fight
(DBN)

How One Hospital's Bankruptcy Shows The Downside Of Institutionalized Healthcare Real Estate
(DBN)

Absolut-ely done: NY nursing home company files for bankruptcy, to close 200-bed facility
(DBN)

Milwaukee Surgery Center files for Chapter 7 liquidation
(DBN)

____________

Religion:

Rochester diocese files for bankruptcy Catholic Diocese Files for Bankruptcy Protection Amid Flood of Child Sex Abuse Lawsuits Diocese of Rochester files bankruptcy, citing sex-abuse lawsuits Diocese of Rochester declares bankruptcy amid clergy sex abuse scandal Rochester diocese bankruptcy: What we know now Catholic Diocese of Rochester files for Chapter 11 bankruptcy Catholic Diocese of Rochester files for Ch. 11 bankruptcy protection Rochester Catholic diocese in New York files for bankruptcy Diocese of Rochester becomes first diocese in New York State to file for bankruptcy in sex abuse scandal fallout Child Victims Act sponsor on Rochester diocese: 'It's their own fault' Diocese of Rochester files bankruptcy: Here's what that means for parishioners Abuse survivors hope to have voice heard amid Diocese bankruptcy How will filing for bankruptcy affect Child Victims Act lawsuits? Former bankruptcy judge weighs in on Rochester Catholic Diocese bankruptcy Parishioners remain optimistic despite Diocese bankruptcy filing
(DBN)

Albany Catholic Diocese releases statement following Rochester Diocese filing Chapter 11
(DBN)

Diocese of Rochester Files Chapter 11; Not Ruled Out For Diocese of Buffalo Buffalo bishop mulling bankruptcy as Rochester Diocese files for Chapter 11
(DBN)

Feds launch criminal probe into Rev. Leon Finney Jr.: report
(DBN)

____________

Coal:

Blackjewel considering plans to reopen mines on 'expedited basis,' new letter states
(DBN)

____________

Agribusiness:

Increasing number of Kansas farmers declare bankruptcy
(DBN)

____________

Fraud:

Do Credit Rating Agencies Detect Accounting Frauds?
(DBN)

____________

Food/Beverage:

Huddle House announces plans to purchase Perkins Restaurant & Bakery
(DBN)

____________

Cannabis:

Cannabis companies have secret formulas to determine when the U.S. may allow pot sales
(DBN)

____________

Crypto:

Russian Lawyers Claim 200,000 BTC Lost in Mt. Gox Can Be Recovered
(DBN)

____________

UK:

No-Deal Brexit May Have Impact Similar to 2008 Lehman Brothers Fall - Societe Generale
(DBN)

Merkel Warns of Danger in Separate Britain
(DBN)

Boris Johnson Still Has a Fighting Chance
(DBN)

Northern Ireland court throws out Brexit case
(DBN)

Insolvency expert sells Manchester firm to UK-wide group
(DBN)

Boris Johnson denies lying to the queen
(DBN)

Thomas Cook in talks about £1bn rescue package
(DBN)

____________

EU:

European Central Bank launching stimulus program to shore up economy
(DBN)

Draghi Throws Everything But the Kitchen Sink at Europe's Problems
(DBN)

____________

Africa:

Air Namibia declared insolvent
(DBN)

____________

Latvia:

Latvian Court Declares PNB Bank Insolvent After ECB Suspension
(DBN)

____________

Bahamas:

When Hurricane Dorian blew through the Bahamas, it exposed one of the world's great faultlines of inequality
(DBN)

____________

Germany:

Germany: AfD Party Moves to Extremism
(DBN)

____________

Argentina:

Time is running out for Argentina's reformist president
(DBN)

___________


The Daily Bankruptcy News is primarily a curated news link gathering service.   Most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subscription fee is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use. If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the most recent edition of The Daily Bankruptcy News on the web at BKInformation.com.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid service subscription. These links are currently marked with a "DBN" notation. The cost of a subscription is $66.50/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links.

New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase.

Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested. There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear. You do not need to type anything in the body of the email message. Note that the email asking for removal must be sent from the same email address which is on our distribution list. If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

If receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list.

Press Releases/News Tips
Please send press releases and news tips to admin@bkinformation.com

Contact Us
The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C. You can phone or text us at 281-402-3957. You can email us at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries). Our mailing address is 935 Eldridge Road, No. 350, Sugar Land, Texas 77478.

Copyright 2019