September 3, 2019

The Daily Bankruptcy News

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Law:

The deal is off: A&O and O’Melveny call an end to transatlantic merger talks
(DBN)

Foley & Lardner Beats Malpractice Suit Over Its Malpractice Work
(DBN)

How Biglaw (And Other Employers) Make It Worse For Women
(DBN)

What It’s Really Like To Be The Managing Partner At A Law Firm
(DBN)

Jonathan Petts and Rohan Pavuluri joined forces and took on Chapter 7 bankruptcy
(DBN)

Keith Lee couldn’t find a place online where lawyers could communicate freely—so he created it
(DBN)

McCarter & English Names First New Executive Committee Chair in a Decade - Bankruptcy Partner
(DBN)

The Surprising Law School At The Top Of This Ranking
(DBN)

Lawyer Loses First Amendment Challenge to Use of Bar Dues
(DBN)

Death toll rises to 7 in West Texas shooting rampage • Gunman Fired from Job Before Massacre • Odessa shooter called police and FBI after losing job • Midland-Odessa Massacre: What We Know • Odessa Gunman Identified: 5 Fast Facts on Seth Ator • Death Roll Rises to 7, a 17 Month Old Child Shot in the Face • Trucker, mail carrier at work, teen among Texas victims • FBI: West Texas gunman ‘was on a long spiral of going down’ • Odessa Shooter Failed Background Check
(DBN)

Looser Texas Gun Laws Now in Effect • Gun laws were loosened in Texas the day after the state’s second mass shooting in a month • After West Texas shooting, Texas House Rep. says "NO" to gun restrictions
(DBN)

Trump says a mysterious “big package” of bipartisan legislation is on the way to stop mass shootings
(DBN)

A 14-year-old confessed to killing all five of his family members in an Alabama home, authorities say
(DBN)

Trump Downplays Background Checks Again
(DBN)

A Guide to Mass Shooting in America
(DBN)

Federal Court Upholds Assault Weapons Ban
(DBN)

DEA Agents Ambush Amtrak Passengers With Controversial Searches and Seizures
(DBN)

Deutsche Bank Throws Curve in Trump Taxes
(DBN)

Flynn blasts Mueller prosecutors, accuses them of 'malevolent conduct'
(DBN)

Michael Cohen's lawyer vows to subpoena Trump in fight over legal bills
(DBN)

Congressional Dems to probe Trump's alleged role in scheme to silence affair accusations
(DBN)

Faced With Criticism, Trump Administration Reverses Abrupt End to Humanitarian Relief
(DBN)

Mumps sickens hundreds of detained migrants in 19 states • Donald Trump’s border wall: how much has been built?
(DBN)

Dylann Roof's Victims Families Can Sue Feds
(DBN)

The founders of SimpleCitizen resolve to streamline the immigration process
(DBN)

Dorna Moini’s software helps legal aid groups and law firms automate users’ form-filling
(DBN)

A seminal 1990s event sparked Colin Starger’s devotion to aiding criminal defendants, inmates
(DBN)

With Kimball Dean Parker’s tools, people are better able to access the justice system
(DBN)

Cynthia Conti-Cook crunches the numbers to hold NYPD accountable for misconduct
(DBN)

Lawyers, organizations design task-automation software with Jonathan Pyle’s Docassemble
(DBN)

Mississippi ranks last when it comes to access to justice; Tiffany Graves hopes to change that
(DBN)

African-American, Top-Ranked Tennis Star Applied To Be First In Family To Go To College — Except Her Dad Runs A Law Firm, She Doesn’t Play Tennis, And She’s White
(DBN)

Global #MeToo movement has resulted in 6 convictions, 6 charges
(DBN)

'I don't know why you're freaking out,' a 911 dispatcher told a woman minutes before she drowned
(DBN)

Suit against family members of attorney’s murderer cites Indiana’s red flag law
(DBN)

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Judges:

Florida Supreme Court posts court closures for Hurricane Dorian
(DBN)

‘The Supreme Court Is Not Well. And the People Know It.’
(DBN)

Letter to Supreme Court from Senate Republicans promises to fight court expansion
(DBN)

Fines-and-fees system that helps fund court budget is unconstitutional, 5th Circuit rules
(DBN)

Judge Who Protested Kavanaugh Confirmation Receives Judicial Reprimand
(DBN)

Ginsburg says she is 'on my way to being very well' after cancer treatment
(DBN)

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Wall Street:

Dow futures fall more than 150 points after new US-China trade tariffs take effect
(DBN)

Stocks close little changed as Wall Street wraps up volatile August
(DBN)

Investors say goodbye to choppy August markets but September may be no better
(DBN)

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Layoffs:

Trump Slams GM as U.S. Workforce Shrinks to Detroit’s Smallest Automaker
(DBN)

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Politics:

I've taught US government for 40 years. Thanks to Trump, I'm doubting the Founders' plan.
(DBN)

Why Elizabeth Warren is the one to watch
(DBN)

Why Does Trump Always Side with Putin?
(DBN)

Tearing Down the Myth of the Rural White Voter
(DBN)

37% Say U.S. Heading in Right Direction
(DBN)

Though comments veiled, Mattis repudiates former boss Trump • Mattis: Nations With Allies Thrive, Nations Without Wither
(DBN)

NKorea Berates Pompeo: Hopes for Talks Fade
(DBN)

Neil Cavuto Continues to Rip the President
(DBN)

Trump allies plot new war on social media • Trump Allies Raise Money to Target Reporters
(DBN)

Top literary agents say Trump's ex-personal secretary could make millions • President Trump says ousted personal assistant made 'hurtful' comments about his family to reporters • Trump's 28-year-old personal assistant was reportedly fired after gossiping about his daughters
(DBN)

Trump may have tweeted photo from USA-224, an advanced US spy satellite • US official confirms that Trump tweeted out a picture from a classified intelligence briefing
(DBN)

White House officials are wary of Trump's national security adviser and are reportedly blocking him from peace plans
(DBN)

Trump aides claim victory, but others see incompetence and intolerance
(DBN)

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Aviation:

American joins United in extending Boeing 737 Max cancellations until December
(DBN)

FAA panel reviewing 737 MAX certification will take additional time
(DBN)

Airlines have been flying empty Boeing 737 Max planes around the world as they scramble to get ready for its return to service
(DBN)

Avianca in SEC Filing: “We Are Currently In Payment Default”
(DBN)

Aigle Azur confirms bankruptcy filing
(DBN)

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Celebs:

All of Jamie Oliver’s Restaurants Sold Off After Administration
(DBN)

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Fashion:

Crowdfunding campaign saves Finnish fashion brand from bankruptcy
(DBN)

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Cannabis:

Ties to marijuana businesses are disqualifying bankruptcy filers
(DBN)

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Bankruptcy Crimes:

Former Chicago real estate exec convicted of lying about assets in bankruptcy filing
(DBN)

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Economy:

Hints of factory-driven slowdown in key 2020 US election states
(DBN)

Here’s a list of recession signals that are flashing red
(DBN)

The market's favorite recession indicator has been wrong twice since 1950. Here's why some investors say it's flashing a false positive again.
(DBN)

Something's Fishy About America's Official Inflation Data
(DBN)

The Next Recession Will be Different
(DBN)

Q3 GDP Forecasts: Around 2%
(DBN)

Recession Warning Signs Are Flashing. 4 Tips To Protect Your Small Business During A Downturn.
(DBN)

Why Zombie Companies Are on the Rise
(DBN)

US Treasury yields tick lower as investors monitor economic data, auctions
(DBN)

Ray Dalio warns of ‘serious problems’ and a bond ‘blow-off’ as a repeat of the late 1930s looms • Ray Dalio's flagship hedge fund is reportedly down 6% this year as other macro managers flourish
(DBN)

President Trump ordered US firms to ditch China, but many already have and more are on the way • Trump suggests companies complaining about tariffs are 'badly run and weak' with 'bad management' • Trump says trade talks still planned for September after China tariffs go into effect • China starts to impose additional tariffs on some US goods • The trade war has already cost electronics companies $10 billion and it gets worse on Sept. 1 • The New Normal with China • One Garment Maker That Bailed on China • It’s up to Trump to break the standstill in US-China trade war, says advisor to Beijing • Trump said he wanted to save Christmas. But shoppers still fear tariffs this holiday season • Trump may be able to order US firms out of China but it will cost him politically, says business leader • Trump ‘doesn’t necessarily need a deal’ with Beijing to be reelected, says US-China Business Council • Beijing takes cautious steps with new tariffs • Trump says trade talks still planned for September after China tariffs go into effect • Port of Los Angeles slammed with cargo as companies rush to get imports in ahead of tariffs • Companies may be terrified of tariffs, but consumers clearly aren't • 92% of apparel imports from China will be hit with tariffs on Sunday—here’s how companies are coping • China Files WTO Tariff Case Against US
(DBN)

Trump is Raising Your Taxes Today
(DBN)

Despite promises, Trump's trade deficits are only growing
(DBN)

Trump attacks the Fed's policies again, saying the US economy does not have a 'tariff problem'
(DBN)

US consumer spending increases solidly; income tepid • Personal Income increased 0.1% in July, Spending increased 0.6%
(DBN)

The end of the dollar as we know it
(DBN)

This is how millennials are shaping the new economy
(DBN)

1 in 3 workers would rather have a casual dress code than an extra $5,000 in pay
(DBN)

Taxes on Retirees by State
(DBN)

American Cities Losing the Most Jobs
(DBN)

Negative interest rates have hurt, not helped
(DBN)

Trump wants to cut taxes for rich people yet again
(DBN)

Unions shrink fast in swing states
(DBN)

Trump endorses a 2.6% raise for federal employees
(DBN)

'Big Short' investor Michael Burry was among the few who predicted the 2008 housing collapse. Here are his biggest investments right now • 5 surprising calls by 'Big Short' investor Michael Burry, who just called passive investing a 'bubble'
(DBN)

Basic Income: $1,000 a month, no strings attached
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Homeownership eludes millions of millennials. Here's why
(DBN)

Recession warning sign: The wealthy aren't buying luxury real estate
(DBN)

RAIT Financial Trust Files for Bankruptcy; Enters Stalking Horse Deal
(DBN)

Fannie Mae: Mortgage Serious Delinquency Rate Declined in July, Lowest Since June 2007
(DBN)

Here’s how much you need to earn to buy a home in the 10 biggest cities on the West Coast
(DBN)

Lower Manhattan renters may be owed some of their rent back
(DBN)

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Municipalities:

Illinois Bonds Gain as Judge Denies Petition to Void Debt
(DBN)

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Oil/Gas:

Toxic chemical at PES refinery mostly cleared, aiding probe of June blaze
(DBN)

EV Economics Show End of Gasoline Era Soon
(DBN)

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Education:

DeVos Issues New Rules for Swindled Students
(DBN)

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Travel:

American Airlines passengers’ shock as traveler takes miniature HORSE onto flight
(DBN)

A recalled MacBook Pro has been banned on more than a dozen airlines — here are the carriers that won't let you bring the laptop on board
(DBN)

Chaos at Newark after airline employee yells 'evacuate'
(DBN)

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Fraud:

Accused Ponzi Schemer Promised Sophisticated Philadelphia-Based Trading Strategy, Managed To Lure In Suckers Anyway
(DBN)

Former NFL players were defrauded by financial firm, SEC says
(DBN)

It’s time to talk about James Mattis’s involvement with the Theranos scandal
(DBN)

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Personal Finance:

The top 10 US colleges that pay off the most in big cities
(DBN)

Millennials are driving an increase in prenuptial agreements
(DBN)

13 of the worst answers people have actually given in job interviews
(DBN)

How much money you need to retire at 65 and live on investment income alone till 90
(DBN)

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Religion:

Finally, flood of lawsuits against Catholic Church is here
(DBN)

West Virginia scandal muddies legacy of Vatican's longtime fixer from Baltimore
(DBN)

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Healthcare:

Hahnemann bankruptcy has a high-stakes showdown set
(DBN)

Sanders Teases Proposal to Write Off $81 Billion in Medical Debt
(DBN)

Despite bankruptcy, Lincoln hospital isn’t making many changes to how it runs
(DBN)

How Australia handles universal health care
(DBN)

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Pharma:

We're getting some accountability for the opioid crisis - long after victims are dead
(DBN)

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Skiing:

Bank To Remove Snowmaking Equipment From Closed Ski Resort
(DBN)

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Retailing:

Bankruptcy judge approves plan for Herb Philipson's closing sales
(DBN)

Sears’ Lawyers Bleeding Creditors to Death in Chapter 11 Bankruptcy Case
(DBN)

Searsageddon: Massive Sears Headquarters Layoffs, More Store Closings Reported
(DBN)

Hate To Say It But Legacy Companies Like Walmart And Macy's Could Already Be DOA Based On One Simple Truth
(DBN)

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New Bankruptcy Opinions
(7 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (10 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (44 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:

Weekly Bankruptcy Claims Trading Activity
(DBN)

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Bankruptcy Reform:

Newly Revised Bankruptcy Law Expands Chapter 12 to More Family Farmers
(DBN)

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Avoidance Actions:

Pleading Fraudulent Transfers in the Wake of the U.S. Fifth Circuit’s Ruling In Life Partners Holding, Inc. v. Cowley
(DBN)

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Estoppel:

Mass Tort Plaintiffs Who Failed to Disclose Their Claims in Bankruptcy Court: Standing and Estoppel
(DBN)

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Prepacks:

Two-month turnaround sees Monitronics emerge from Chapter 11
(DBN)

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Electricity:

Judge denies plan to pay PG&E executives millions in bonuses • PG&E Bankruptcy Judge Shoots Down $19 Million Bonus Plan • Bonus Plan for PG&E Executives Rejected
(DBN)

PG&E's awful persistence
(DBN)

SSJID Renews $116m PG&E Offer
(DBN)

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Climate:

‘Catastrophic’ Hurricane Dorian becomes strongest on record for northwestern Bahamas • Dorian Hits Bahamas, Gusts to 220 MPH • Dorian Keeps Pounding North Bahamas • At least 5 dead as ‘nearly stationary’ Hurricane Dorian pounds the northern Bahamas
(DBN)

Hurricane Dorian could cost insurers $25 billion, UBS says
(DBN)

Hurricanes and Economic Data
(DBN)

Dorian nears Florida: 5 US states declare emergency • Florida tires of Dorian's dance • Floridians evacuate and grumble as Hurricane Dorian slowly nears • Dorian: Millions Evacuated From Coastal US
(DBN)

How Disney and other Florida theme parks are handling threat of Hurricane Dorian
(DBN)

Hurricane Dorian city-by-city forecasts
(DBN)

Trump Never Heard of Category 5 Storm
(DBN)

National Weather Service corrects Trump on Hurricane Dorian: ‘Alabama will not see any impacts’
(DBN)

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Agribusiness:

Nebraska's corn farmers are "outraged" at Trump
(DBN)

Amid Trump Tariffs, Farm Bankruptcies And Suicides Rise
(DBN)

Black farmers say Warren's farm plan wouldn't solve their biggest problem
(DBN)

Trump Aid Payments to Boost Farm Profits This Year, USDA Says
(DBN)

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Corporate Governance:

If Business Roundtable CEOs are serious about reform, here's what they should do • A re-examination of ownership in the age of public corporation
(DBN)

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Banking:

August 2019: Unofficial Problem Bank list increased to 76 Institutions
(DBN)

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Coal:

Kentucky coal miners rebel over lost wages
(DBN)

Under fire, McConnell asks Labor Department to support jilted coal miners
(DBN)

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UK:

UK's Reputation Takes a Global Hit
(DBN)

Leaked no-deal Brexit report warns of delays of up to 2 days and an 8,000 vehicle queue at the border
(DBN)

No Brexit Deal? Days and Days of Delays
(DBN)

British government unveils ‘Get ready for Brexit’ ad campaign as food shortage fears accelerate
(DBN)

Sterling falls below $1.20, hitting its lowest level since October 2016 flash crash
(DBN)

How Boris Johnson's push toward a no-deal Brexit is playing out in the E.U.
(DBN)

Britain’s ‘Brexit Election’ Won’t Consider What Comes After
(DBN)

Brexit will be delayed until 2020 if MPs vote this week for law to prevent a no-deal exit
(DBN)

U.K. official refuses to rule out ignoring laws passed to stop no-deal Brexit • Boris Johnson warns Conservative rebels they will be expelled as ministers threaten to break the law to force through Brexit
(DBN)

Britain's Johnson, Corbyn headed for ferocious Brexit showdown when Parliament returns Tuesday
(DBN)

Rebel lawmakers launch bid to stop a no-deal Brexit — which could prompt a snap UK election
(DBN)

Boris Johnson threatens to expel rebel Brexit lawmakers from party
(DBN)

European stocks open lower as UK prepares for Brexit showdown
(DBN)

Brexit: $61Bn in Insurance Business Flees UK
(DBN)

Boom and Bust in British Motor City
(DBN)

Britain's Longest-Running Financial Scandal Has Come To An End. What Happens Now?
(DBN)

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Hong Kong:

Hong Kong police storm subway with batons as protests rage • Hong Kong Burns in New Protests
(DBN)

Hong Kong leader says she would quit if she could
(DBN)

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Germany:

Germany Apologizes for Second World War • Trump heads for the golf course as leaders gather to mark start of WW2
(DBN)

German Elections: Far Right Makes Big Gains • The Small-Town Disputes That Fuel Germany’s Far Right
(DBN)

____________

Argentina:

Argentina imposes currency controls as its economic crisis deepens
(DBN)

Argentine bonds fall to record lows; long queues to withdraw dollar funds
(DBN)

Argentina’s creditors face debt restructuring dilemma
(DBN)

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China:

China economy: Caixin Markit manufacturing PMI for August 2019
(DBN)

China's renminbi is headed for its biggest monthly drop ever — and economists warn of a 'contagion effect'
(DBN)

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India:

Anil Ambani's shipyard risks insolvency as banks spurn debt plan
(DBN)

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Mexico:

Mexico’s Interjet Warns of ‘Technical Bankruptcy’ Amid Tax Feud • “We are not bankrupt” Interjet claims
(DBN)

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